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Trading Made Simple

  • #77,221
  • Mar 14, 2017 1:32pm Mar 14, 2017 1:32pm
Quoting faatkumo
{quote} makes sense now! real and live? How have your returns been? I you don't mind me asking. Not much backtesting shown. And im new to this method. Thanks in advance
I will let you find it out yourself...I am not a pure "TMS" trader, so I won't go into how much I make..I wish to point out I don't trade by looking at how the tdi is but rather what pa has been doing or has done. I draw lines on my chart using daily,4 hour and 1 hour tfs mainly and quite often trade these levels without tdi confirmation, just be quick and nimble and if everyone sees what you see by way of confirmation, where is the "edge"
the cautious seldom err....C
  • #77,222
  • Mar 14, 2017 1:36pm Mar 14, 2017 1:36pm
Quoting Tekkies
{quote} Am not a trader yet jaizy. I do many stupid mistake's. It is easy to shout your mouth off in a forum and then you do exactly what BigE tell's you not to do. {image}
1.0100 is the obstacle..monitor well Tekkies
the cautious seldom err....C
  • #77,223
  • Mar 14, 2017 1:44pm Mar 14, 2017 1:44pm
Quoting pips29
{quote} 1.0100 is the obstacle..monitor well Tekkies
About to type will do Pips when the trailer stop kicked in. Now only can I can breath normally again.
  • #77,224
  • Mar 14, 2017 1:44pm Mar 14, 2017 1:44pm
Quoting Tekkies
{quote} Starting only now to understand candle's so I can not tell you much about them. Know now what a doji do. The candle right of doji, is what they call in an inside bar. Watched this video over the weekend and it sort of stuck https://www.youtube.com/watch?v=N808L4y-M-0 {image}
yes I took this trade too on the 1 hour and took it off before target as I have to leave the house for a few hours...entry was late as I waited for H4 to confirm
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 52 KB
the cautious seldom err....C
  • #77,225
  • Mar 14, 2017 1:48pm Mar 14, 2017 1:48pm
ecad is showing a down move on H1...anyone interested?
the cautious seldom err....C
  • #77,226
  • Mar 14, 2017 1:51pm Mar 14, 2017 1:51pm
did the same with this as I have to leave the house and leaving plenty behind...no regrets though as there is always tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 50 KB
the cautious seldom err....C
  • #77,227
  • Mar 14, 2017 1:54pm Mar 14, 2017 1:54pm
Quoting Tekkies
{quote} About to type will do Pips when the trailer stop kicked in. Now only can I can breath normally again.
just be patient and let the trade come to you...never,never chase a trade unless you have already planned to do so
the cautious seldom err....C
  • #77,228
  • Mar 14, 2017 1:59pm Mar 14, 2017 1:59pm
Quoting pips29
{quote} just be patient and let the trade come to you...never,never chase a trade unless you have already planned to do so
Normally chasing leads to falling over pretty spectacularly,.

Inserted Video


Most of the time anyway..
It's in fear when people show what they truly value.
  • #77,229
  • Mar 14, 2017 2:03pm Mar 14, 2017 2:03pm
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 14 3.JPG Size: 81 KB
  • #77,230
  • Mar 14, 2017 6:38pm Mar 14, 2017 6:38pm
hi, everyone
As a new babie. can i ask a stupid question
when we close a long trade, can we open a short trade at that point?

Many thanks
Koala
  • #77,231
  • Mar 14, 2017 6:43pm Mar 14, 2017 6:43pm
EURJPY Week 11 Mat 15 D1

Price action trading - 'strong' reversal bar pattern.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 11 Mar 15 D1 CSP.png Size: 38 KB


after the spinning top bar, there follows a strong price thrust bar down while the HA candle shows small body.

every trade setup has its risk.

the risk of this trade is seen to the left not too far away.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,232
  • Mar 14, 2017 6:49pm Mar 14, 2017 6:49pm
Quoting gold-dollars
hi, everyone As a new babie. can i ask a stupid question when we close a long trade, can we open a short trade at that point? Many thanks Koala

Hi,

that depends on the reason(s) why you close a long trade, for example, if you follow your exit strategy and you have that it written in your trade plan.

if you then open a short trade, you must have reason, for example your entry rules and it must be in your trade plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,233
  • Mar 14, 2017 7:01pm Mar 14, 2017 7:01pm
Quoting Kopan
{quote} Maybe a better question: Post news release ---> when is it "safe" to get back in? Can you trust your your TMS indicators in times of high market volatility ?
it is safer to get back into the market after the 'knee jerk' reactions have settle down.

then follow the higher TF direction bias - the D1 and W1.

TMS is not a news trading strategy because its indicators do not respond to market volatility well. Trade with price action using the real price bars or candlesticks.

But some market reaction to world events which are not in the FF calendar can cause extreme price moves. So stay away from these kind of events.
When UK PM May triggers Article 50, it will not be in any economic calendar with specific day and date. The smart money know and the are the hunters and we reatil traders are very small bears being chased every day like in this video.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,234
  • Mar 14, 2017 8:07pm Mar 14, 2017 8:07pm
GBPUSD Week 11

to answer few PMs on GBPUSD,

my bias is bearish until ....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 11 avoid H4.png Size: 86 KB


D1 PA is Lower high > lower low...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,235
  • Mar 14, 2017 8:19pm Mar 14, 2017 8:19pm
So knowing that TMS does not perform well in volatile conditions, and knowing that certain news events will cause high volatility, is the best strategy then to remove "all" positions until the knee jerk reaction is over? Including H4 and Daily?

I guess i am still trying to clarify your earlier statement that inferred lower time periods should be wary.


BTW: Nice video clip :-)
  • #77,236
  • Mar 14, 2017 8:20pm Mar 14, 2017 8:20pm
Trading the D1 chart, pick only the best setups.

Look at these 6 USD majors pairs below,

All the pairs did not go into a new trend after Mar 13.

Why?
Attached Image (click to enlarge)
Click to Enlarge Name: USD Majors Week 11 D1 charts.png Size: 99 KB


The big picture is in the price action.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,237
  • Mar 14, 2017 8:50pm Mar 14, 2017 8:50pm
Point made. The price action is going to keep you "out" before the news. No need to get out, because you are not "in".

Got it - thank you.
  • #77,238
  • Mar 14, 2017 10:51pm Mar 14, 2017 10:51pm
hi everyone
im looking for your advise
im in sydney, my 12pm is NY session open and i can't trade at that time because of sleep . so im very confuse what timeframe i should use to trade with TDI. I love Heiken ashi and TDI. it gives me a peace of mind and i love it.
Please help
Koala
  • #77,239
  • Mar 14, 2017 11:50pm Mar 14, 2017 11:50pm
Quoting gold-dollars
hi everyone im looking for your advise im in sydney, my 12pm is NY session open and i can't trade at that time because of sleep . so im very confuse what timeframe i should use to trade with TDI. I love Heiken ashi and TDI. it gives me a peace of mind and i love it. Please help Koala
Hi,

same for me too.
when NY market session open, it is my usual bedtime so I don't trade H1 or H4 during the NY session.

I can trade 8H looking at the D1 and W1 charts and place my trades on H1 chart anytime during my day time hours.
Checking only one every 8-hours will work out this way. You don't need to have 8H timeframe charts.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,240
  • Mar 14, 2017 11:56pm Mar 14, 2017 11:56pm
Good morning.
It's time to start my new day. I look a forexcalendar and see a lot of important news. Today the interest rate can be changed. This can change a ratio of sellers and buyers.
And the question appear. How do you work today?!
IMO, I will work in London Session on H1.
I have two open positions with management on H4. They are already protected. I can not worry.
But, will you enter by H4 today? Or will enter and close orders before news?
What type of work do you use on such days?
There is no reason to trade if there is no reason to trade.
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