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  • #75,941
  • Edited 2:41pm Feb 15, 2017 2:28pm | Edited 2:41pm
Quoting ftwforex
Congrats to you Guido - well done, What was your entry parameters of the trade?
Hi FTWforex .
My buddy Deichkind was in ther trade .. TMS D1 based .. I struggled with the entry ..
Saw the bounce on the weekly line .. but the div in the TDI was the real deal to jump in ...
In the end .. TDI bounced and there was a divergence .. what I really like ..

The coming months and years I ll focus more and more the dailies .
I can see more and more advantages for my trading .

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #75,942
  • Edited 3:30pm Feb 15, 2017 3:16pm | Edited 3:30pm
Quoting Tekkies
{quote} Did not whait for green to cross red - must see green on the otherside of red Did not look at stoch - Stoch is going down - order placed against the trend {quote} Same trading mistake Did not whait for green to cross red - must see green on the otherside of red Did not look at stoch - Stoch is going down - order placed against the trend
Thank you for your effort to make me understand.

You point out several place i need to improve. I traded against the trend and such.

however what i dont understand is when i looked at the charts before i made the trade there was a clear cross on both of those loosing trades, gren had clearly crossed over the red. and stoch was pointing up. this was at 8.30 gmt+1 time. then a new candle opens. at 09.00 and there is still the same crossing and the stoch is pointing up. so i took the trade. does the tdi repaint? i see if i can take som screen shots of this tomorrow when i start my trading day.

Either the tdi repaints or im was to tired


edit:

when i trade my real account i always look at more than one timeframe, i look for the setup at 1H and the entry on either 15M or 30M would this apply to this strategy aswell?

Are some of you guys active before London open?

i trade from 8:00 (gmt+1) to 15:00

its a new day tomorrow
  • #75,943
  • Feb 15, 2017 3:46pm Feb 15, 2017 3:46pm
Quoting inforserve
ME/ME for H4 setup. {image}
This thread not about TMS anymore? MEME should have its own thread. Putting TMS in front of it doesnt make it similar to TMS.

Just my two cents.
We're all just one trade away from humility.
  • #75,944
  • Feb 15, 2017 4:07pm Feb 15, 2017 4:07pm
Quoting Drewas
{quote} This thread not about TMS anymore? MEME should have its own thread. Putting TMS in front of it doesnt make it similar to TMS. Just my two cents.
Yup.. I removed the post.
  • #75,945
  • Feb 15, 2017 5:31pm Feb 15, 2017 5:31pm
This looks like a decent opertunity for a short.

daily timeframe gbp/nzd

Tdi already crossed over. stoch is turning. new candle opens in one hour from now!

stop loss at recent high 1.74963
take profit at recent low! 1.68640 (or if tdi signals exit befor tp hit)

downtrend!

I going to take this one when new candle opens! (if everything stillok)

I dont know if its ok to mention here, but on this trade i use rsi 14 and 4. i used this before in other systems. the rsi comfirm this trade! the rsi 2 has crossed 70 line from above and also crossed the 14 rsi!.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 73 KB
  • #75,946
  • Edited 6:48pm Feb 15, 2017 5:41pm | Edited 6:48pm
Quoting inforserve
{quote} Yup.. I removed the post.

It is okay to post your trades so long as it follows the 5-Method.

How many entries and exits is up to your own money management strategy. What is important is that you trade following the higher timeframe trend as in H4 and D1 charts.

Of course people can trade with single entry and single exit with no stop loss like Big E. But this does not mean we have to trade without stop loss.

When we take the average entry price of several entries, it is the same as one big entry and with smaller %risk per trade to build up one basket of trades/position in the market.

Remember, we build up one basket/position during the retracements after our entry. These retracements happen all the time in higher timeframe trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,947
  • Feb 15, 2017 5:50pm Feb 15, 2017 5:50pm
Quoting krugans
This looks like a decent opertunity for a short. daily timeframe gbp/nzd Tdi already crossed over. stoch is turning. new candle opens in one hour from now! stop loss at recent high 1.74963 take profit at recent low! 1.68640 (or if tdi signals exit befor tp hit) downtrend! I going to take this one when new candle opens! (if everything stillok) I dont know if its ok to mention here, but on this trade i use rsi 14 and 4. i used this before in other systems. the rsi comfirm this trade! the rsi 2 has crossed 70 line from above and also crossed the 14...

the 5-Method setup is there but this pair has been sideways for many weeks.
looking at the momentum of the D bar/candle, you can likely catch some pips of of that move but I don't see a 2R trade here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,948
  • Feb 15, 2017 6:01pm Feb 15, 2017 6:01pm
Quoting Pretoriano
{quote} My day open is Sidney. Can u post one trade about entry on H1 on one of that 8 pairs? I want check your entry on H1 and I want check different timeframe (h4-Daily-Weekly) myself for follow trend about your entry. Thanks

here are trades which I follow the Day candle close and I take the trade any time during the H1.
no need to wait for H1 setup and TDI cross.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 candle trades.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,949
  • Feb 15, 2017 7:11pm Feb 15, 2017 7:11pm
AUDNZD Week 07 Feb 16

Looks 'toppish' at BRN 1.0700 but too early to say if it will reverse.
Do not expect a violent reversal, most cases it goes sideways then the next move.
To succeed as traders, we must first learn to be patient.
1st important is the Price Action
2nd is the TDI to confirm the PA
This is what the 5-Method is all about. Post#3142
We must learn to be able to tell the difference of every post written by Big E and related what he said to the post and the chart at that time of his posts. You must not read his posts in isolation and treat as general trading rules. Every post he wrote has anwser to other member's post/ question and has to relate to a chart situation at that time. You will learn a lot more when you can relate his posts to the charts.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Week 07 Feb 16 D1.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,950
  • Feb 15, 2017 7:17pm Feb 15, 2017 7:17pm
AUDNZD look to the far left, no 'empty space' so be prepared for choppy conditions between Historical MN price swing levels.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Week 07 Feb 16 D1 choppy.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,951
  • Feb 15, 2017 7:23pm Feb 15, 2017 7:23pm
New Introduction to Trading Made Simple Post 71,888

Here is a quick introduction to this Trading Made Simple thread:

Trading Made Simple for beginners : Post#52,707
A short history by pioneer member snarlyjack Post#110

Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,
After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432

In Post#1, he explained how he traded the H4 chart timeframe and he also trade the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.
Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142

Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template … Post#25

Recommendations:
Read all of Big E’ posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.
Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy HA candles and use that TDI Red Green version all these in Post#25.
Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

About the Trader Dynamic Index aka TDI:
It is an indicator using multiple moving average of the RSI data. The RSI is derived from the market real price hence the TDI is always lagging the Price Action. To have as good understaning of the TDI, read this book by John Hayden.
RSI: The Complete Guide Post#27,110 .
Warning: Do Not believe in anyone or website telling you that there is a leading TDI developed.
About lagging indicators:
There is nothing wrong in using a lagging indicator so long as you know how to read the price action and apply just a few simple PA rules and let the TDI confirms the PA when trading this 5-Method.

Read this thread on regular basis and keep up to date with the developments.
If you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CSH thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new ‘system’.
TMS 5-Method is the simplest trend trading method here in Forex Factory and it works in all timeframes because there is a trend in every timeframe and we trade the trend of the moment.
Give yourself a chance to trade this method in 2017.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,952
  • Edited 8:04pm Feb 15, 2017 7:52pm | Edited 8:04pm
AUDJPY Week 07

The bull rally continues.
Look to the far left on the chart below and we see 'empty space' where there was not previous price action.

Technically, the next level for target is BRN 89.00.
But what will happen in the following days and week depends on market fundamentals and sentiments. There are many stop orders to fill and the smart money will see all the orders. A corrective move will fill most of the orders. We small retail traders do not have the tools to see where the orders are and its volume. We are technical traders or some may say we are technical guessing when we trade using technical indicators.

Whether we make money in this business depends on our own ability to manage risks and also the amount of money we have as our business capital.
Trading with this 5-Method, you can create your technical edge with the method or in fact with any trend trading method. But having a technical edge alone will not be your WINNING EDGE. Everyone must find his/her own WINNING EGDE in this business.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 07 Feb 16 empty space.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,953
  • Feb 15, 2017 9:40pm Feb 15, 2017 9:40pm
Quoting emmanuel7788
{quote} a pic can explain ... {image}

Hi Emmanuel,

Just to clarify, those 3 SELL trades, they are the continuation trades you mentioned? Is it because based on W1 chart, it is a SELL set up (bar changed color, cross 5EMA etc), then on any given day on D1 chart of the new week, there is a SELL trade valid? In another word, these are actually 3 trades on D1, rather then 1 trade on W1.

Appologies for my English, hopefully I made myself clear.

THanks & Regards

Fei
  • #75,954
  • Feb 15, 2017 10:59pm Feb 15, 2017 10:59pm
Quoting anfei1972
{quote} Hi Emmanuel, Just to clarify, those 3 SELL trades, they are the continuation trades you mentioned? Is it because based on W1 chart, it is a SELL set up (bar changed color, cross 5EMA etc), then on any given day on D1 chart of the new week, there is a SELL trade valid? In another word, these are actually 3 trades on D1, rather then 1 trade on W1. Appologies for my English, hopefully I made myself clear. THanks & Regards Fei

those are days when you can sell because there was a 5-Method setup and it continues for several days Look at the price action of the Price Bar and the APB/HA candle...
the APB body colour.
you can sell at the new day open , no need to look for H4 or H1 setups.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 06 and 07.png Size: 83 KB


where to place your initial stop loss and use that for trade lot Position Sizing?

I think Big E answered this question before.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,955
  • Feb 15, 2017 11:35pm Feb 15, 2017 11:35pm
Quoting eelfranz
TDI... Ask me specific questions with chart examples... mark your chart up. Don't be vague... get specific... I don't have the ability to know what your thinking. The 32,50 & 68 lines are original. When you get to 68 start looking for a reversal sign on the TDI... However it could still be 50-100 pips away ocasionally... just pay attention to the green line for a possible exit signal... the 32 line is the opposite. When I check my charts... I look to the TDI... then PA. If I'm not feeling strong about a current in progress trade... get out...

When you read this old post, be careful what you read.

Was Big E talking about entry or was he talking about exit?

When he talk about looking for TDI trade, then you must read his Post#647. That post say it is PA first then TDI.

Is there a conflict? No.

Whatever you look first, be it TDI first then the PA or first the PA then the TDI,

what is important is
1st importance is the Price Action
2nd importance is the TDI
that is how I interpret Post#3142

Always read his posts in complete context and relate to his charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,956
  • Feb 15, 2017 11:52pm Feb 15, 2017 11:52pm
AUDCAD Week 07.

Some of us added several pairs to our market watchlist.

Here is what AUDCAD looks like now. With the strong Aussie we are watching with great interest how long this current bull run with last.

Some are watching the weekly COT report because we do not trade using the MT4 volume. The MT4 volume is tick count and do not reflect the real orders (contract) volume in the market. There are traders who analyses this tick volume in relation to its spread. Rookie traders should not attempt to trade now without the knowledge and experience.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Week 07 BPP.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,957
  • Feb 16, 2017 12:50am Feb 16, 2017 12:50am
CADJPY H4

Example of big candle with TDI cross, this TDI signal went no where after that big candle.
More than 80% of such big candles with TDI cross will end as failed trades.

Do Not chase after big candle.
Learn to look for the best setup like Big E.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY example big candle.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,958
  • Feb 16, 2017 1:14am Feb 16, 2017 1:14am
Quoting Sesamstrasse
{quote} Hi FTWforex . My buddy Deichkind was in ther trade .. TMS D1 based .. I struggled with the entry .. Saw the bounce on the weekly line .. but the div in the TDI was the real deal to jump in ... In the end .. TDI bounced and there was a divergence .. what I really like .. The coming months and years I ll focus more and more the dailies . I can see more and more advantages for my trading . Stay tuned Guido
Hi Guido,

I've closed 3/4 of my position at the monthly line and the rest will be at BE, now waiting for a clear break/big daily candle which walks through the monthly line, if it will be I will look for a bounce and will build another position or will set some Stop-Orders, next target will be 1.01410 roundabout.

regards
  • #75,959
  • Edited 1:41am Feb 16, 2017 1:24am | Edited 1:41am
Quoting krugans
{quote} Thank you for your effort to make me understand. You point out several place i need to improve. I traded against the trend and such. however what i dont understand is when i looked at the charts before i made the trade there was a clear cross on both of those loosing trades, gren had clearly crossed over the red. and stoch was pointing up. this was at 8.30 gmt+1 time. then a new candle opens. at 09.00 and there is still the same crossing and the stoch is pointing up. so i took the trade. does the tdi repaint? i see if i can take som screen...
You can trade any time frame you want.
#63 - I'd say pick the charts you like to trade and understand their movements... breathing patterns...
Chose time frame that fits your comfort zone, one that is toned in on who you are.
Have to mention here. BigE did not looked at other time frames when trading. He took all the info from the chart he is trading on - zoomed out to find the trend.
Place an sell order on H1 when a set-up occurs can be happen when M1 is at 32 / 20 will have a effect of a draw down before going into profit
Example:
- H1 is the master time frame
- TDI set up on H1 (#post647)
-- Is H4 and D1 same colour as H1 (all going up /down)
(it will be nice when stoch is also in a agreement on those time frames - stronger trend)
-- Jump to M1 or any timeframe lower and enter trade when both TDI green and Stoch is moving from 69 / 80 or 32/20 with the direction of H1, H4. D1
That way the trade moves into profit straight away.

Are some of you guys active before London open? - Yes
Have 8 currencies (8 charts) open. When a TDI set -up present itself take it. Why wait for London to open. By the time London do open the set-up moment has pasted ea candle 3 or 4 (rule - only enter on candle 1 or 2). What about the trader who's night time is London day time?

Note: download TDI Cross.pdf. Study it well. It explain in detail what to look for and where to enter a trade with TDI

Keep it simple. Keep it KISS
  • #75,960
  • Feb 16, 2017 2:33am Feb 16, 2017 2:33am
Quoting emmanuel7788
CADJPY H4 Example of big candle with TDI cross, this TDI signal went no where after that big candle. More than 80% of such big candles with TDI cross will end as failed trades. Do Not chase after big candle. Learn to look for the best setup like Big E. {image}
Sorry emmanuel7788,
do you mean big candle or big candle with long wick?
From what I read in Big E post, isn't that we have to look for the cross with a big candle, and avoid small candles?
Thanks in advance
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