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Trading Made Simple

  • #74,721
  • Jan 14, 2017 5:45am Jan 14, 2017 5:45am
Hey guys,

Is this an outdated version of Big E TMS, I have been using it for a while but cant remember were I got it from but see a lot of people using the bollinger band and market base line or would this simple version work for now as I am a beginner.
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  • #74,722
  • Jan 14, 2017 5:48am Jan 14, 2017 5:48am
Quoting brian661
{quote} I believe I will skip it. the candle have a long wick and is almost reach the previous low. Also it is already the 6th candle after the cross, although there is a bonce back of the green line. I will search for another setup instead

Since you decided to skip it, tell me how do you feel now that AUDUSD had rallied for 5 days this week since Monday open.

What did you missed in your top down analysis?

How will you approach trading this pair next week?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,723
  • Jan 14, 2017 5:55am Jan 14, 2017 5:55am
Quoting emmanuel7788
EURGBP rallies ... potential target 0.8765, .. 0.8840 EURGBP Week 02 Jan 10.png;2132619 {image}

EURGBP Week 03 Jan 16 to 20.

No sign of bearish reversal or correction. So buy target remains at 0.8840.
Careful with the RN 0.8800.
Also pay attention to any news out of the UK and Brexit actions.

Do your top down analysis and share what you see.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,724
  • Jan 14, 2017 5:59am Jan 14, 2017 5:59am
Quoting Gniraw
Hey guys, Is this an outdated version of Big E TMS, I have been using it for a while but cant remember were I got it from but see a lot of people using the bollinger band and market base line or would this simple version work for now as I am a beginner. {image}

see this old post:

http://www.forexfactory.com/showthre...58#post8962658
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,725
  • Jan 14, 2017 6:04am Jan 14, 2017 6:04am
Quoting emmanuel7788
{quote} As traders, we all need to find our own winning edge. Look for this book at Amazon. Eight Edges You Must Have.png;2140292 {image}
Thanks Emmanuel

I am going to purchase that book.
First comes knowledge about yourself, then comes a system...
  • #74,726
  • Jan 14, 2017 6:40am Jan 14, 2017 6:40am
Quoting emmanuel7788
{quote} see this old post: http://www.forexfactory.com/showthre...58#post8962658
Thanks Emmanuel.
  • #74,727
  • Jan 14, 2017 12:16pm Jan 14, 2017 12:16pm
Hello friends,
my analyses
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  • #74,728
  • Jan 14, 2017 12:36pm Jan 14, 2017 12:36pm
Quoting Skyfinger
I got a stop loss. Although the direction was chosen correctly. Sorry. EURUSDDaily.png;2140244 {image}
Could you please tell what are those two lines on your chart?
  • #74,729
  • Jan 14, 2017 12:42pm Jan 14, 2017 12:42pm
Which version of the TDI is this that has the white & yellow lines?
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  • #74,730
  • Edited 2:27pm Jan 14, 2017 1:09pm | Edited 2:27pm
Quoting Trader MT4
Hello friends, my analyses {image} {image} {image} {image} {image}
Why not just use a 5 day breakout
Attached File(s)
File Type: ex4 5 Day BreakOut.ex4   7 KB | 361 downloads

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  • #74,731
  • Jan 14, 2017 2:03pm Jan 14, 2017 2:03pm
Quoting bob44
{quote} Why not just use a 5 day breakout5 Day BreakOut.ex4;2140478 {file}
Hello, send me your Picture of chart please, dan
  • #74,732
  • Jan 14, 2017 2:41pm Jan 14, 2017 2:41pm
Quoting Tekkies
{quote} Emerald a Little test and also will help to study entry / exit. Clean USDJPY of all indicator's keep only 4 = TDI, Heiken Ashi, Stoch. 5EMA interfere with the candle wicks and smaller candles - set to the smallest line thickness. Use the chart that was posted and with the posted indicator plot all trade's old and new. Metatrader - Account History the date range can be set. Apply TDI rules. Orders on chart active.ex4;2140115 Now do you have beginners luck? {file}
Thanks for the indicator. Very useful. Ill have a look. Yes beginners luck and its on a demo so had no real fear to put trades on.
  • #74,733
  • Jan 14, 2017 6:09pm Jan 14, 2017 6:09pm
Quoting pip-boss
Which version of the TDI is this that has the white & yellow lines? {image}
Pip-boss,

I believe that is any full tdi (synergy_pro or Tdi_realtime), but with a white 20 period MA added to the rsi data. I believe Emmanuel, Britpip, and a few other D1 TMS traders added the white line to confirm D1 direction. Additional info can be found searching either Emmanuel's posts, or looking at the TMS for Day Charts thread.

Best,
N
  • #74,734
  • Jan 14, 2017 6:32pm Jan 14, 2017 6:32pm
Quoting emmanuel7788
{quote} When you answer those two questions in this way, you are not likely to make to trade trade TMS 5-Method correctly and make any money.

Sorry Emmanuel could you elaborate- I did not understand this post.

Roni
  • #74,735
  • Jan 14, 2017 8:38pm Jan 14, 2017 8:38pm
Quoting Trader MT4
Hello friends, my analyses {image} {image} {image} {image} {image}
Hello MT4, How does ADR helps you in decision making.

Thanks.
  • #74,736
  • Jan 14, 2017 8:39pm Jan 14, 2017 8:39pm
Quoting Roni26
{quote} Sorry Emmanuel could you elaborate- I did not understand this post. Roni
You need to go back to Post#261 and Post#647.

Once you think you have understood the two posts, then do you own backtesting by scrolling back to history charts and question yourself and find answer, then make screen shot of charts and write down your own notes based on what you understand from Post#261 and #647.

Then you prepare your trade plan for live trading - forward testing using a demo account. Make sure in your trade plan that you have specified your trading hours and the chart timeframe you want to trade.

For your trade plan, you can look at EURJPY and you will know what the trade opportunities are next and when to start looking for them.

When market opens, start your live forward testing and post charts and describe what you see.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,737
  • Jan 15, 2017 1:31am Jan 15, 2017 1:31am
Quoting emmanuel7788
{quote} Since you decided to skip it, tell me how do you feel now that AUDUSD had rallied for 5 days this week since Monday open. What did you missed in your top down analysis? How will you approach trading this pair next week?
Of course will be a depress on it...
While I still think that a long trade on that day (the last orange bar) will be risky,
as it is on the resistance area, and the TDI remain flat.
I believe I will choose to enter the trade on the next day where the TDI bounce back.

Is this idea in right direction?
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  • #74,738
  • Jan 15, 2017 4:52am Jan 15, 2017 4:52am
Hello,
how I make analyse of pair:

DAILY is my MAIN chart. Here I wait for change colour, TDI cros,... of course in trend direction

WEEKLY is only INFORMATION chart. If price is on strong S or R, and colour of HA

H4 chart is my MICRO ENTRY chart. I wait breaking of Range (consolidation, Sideway) of course in Daily direction
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  • #74,739
  • Edited 5:31am Jan 15, 2017 5:15am | Edited 5:31am
So whats wrong with trading the Weekly when you see a chart like this. To play it safe, just Sell in micro lots and trade with ME/ME entry's every interval of 0.5(ATR100). I will continue this process till we meet Resistance or I see Trade Invalidation. Of course the Stop Loss can be huge at first so I will only trade Micro lots with the Weekly.
This week, I am Selling EURJPY, USDJPY, GBPAUD and Buying AUDUSD, XAUUSD. I like the look of XAUUSD best with the Trump factor maybe coming into play. I was in Wasington DC last week to get a feel for the crowd sentinent of the coming change over. Not a happy lot.
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Trading thin liquidity at the boundary of the charts
  • #74,740
  • Jan 15, 2017 6:11am Jan 15, 2017 6:11am
Hi Rick,
of course nothing wrong

dan
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