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Trading Made Simple

  • #79,541
  • May 9, 2017 6:14am May 9, 2017 6:14am
Quoting Given1988
{quote} General question not refer at post particulary.. ok max 5 position on market... how you open a 5 position? every 20 pips? or another system?

I use default 0.5ADR (100) days for each position in a basket.

In case you have not been reading this thread and not up-to-date,

here are some posts you should read.

Money Management
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912
Money Management Strategy for TMS: Post#48,008
Entry and Exits: Post#24,918 Post#18,422 Post#19,617
How to Build a Position: Post#19,588
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,542
  • May 9, 2017 6:20am May 9, 2017 6:20am
Quoting aimsttrader
{quote} https://www.forexfactory.com/showthr...97#post9844897 Probably it's from this system ? Just joking .

WOW!

another trading system with TDI ... I LIKE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,543
  • May 9, 2017 6:28am May 9, 2017 6:28am
Quoting emmanuel7788
{quote} AUDUSD Week 19 D1 chart POMO. here is why TMS traders should not blindly trade with weekly pivots and buy at S61 and S100 without looking at the bigger picture. But low, buy lower and your trading capital will be locked in floating DD and is of no use. Trade wisely , unlock your trading capital and trade in positive cash flow. trading can be simple only when traders stopped taking risky trading methods and gamble with their hard-earned money from their day jobs. Learn to trade safe and make your hard earned money work harder for you. {image}...
Aussie Annual Budget Day reaction:

AUDUSD H4 takes a pause at RN 0.7350, no buying yet until we see a high probability setup.
TMS traders do not assume that there will be reversal at WPv R61.
We look for Price Action at Support/Resistance for that reversal setup.
We believe the reversal will be a new swing of 3 to 8 candles and Big E like to enter on HA candle 1 and 2.

We have US open in about 30 mins , maybe its time to trade H1 like Big E did.
Anyone here for H1 trading during the US session?
Post a H1 chart and we can discuss.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 19 May 9 budget.png Size: 91 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,544
  • May 9, 2017 6:29am May 9, 2017 6:29am
Quoting emmanuel7788
{quote} WOW! another trading system with TDI ... I LIKE.
Not sure if it's sarcasm man ...
CHECK MY TE !
  • #79,545
  • Edited 6:52am May 9, 2017 6:37am | Edited 6:52am
Hi all,

Went long on USDCHF on the daily last night. Got in on second candle.

I have mainly just stuck to the H4 charts until now so need to work out best practice for SL on the dailys so please ignore this one.

This screenshot is from the entry so I should probably add that it is currenlty +40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFD1 Buy.PNG Size: 46 KB
  • #79,546
  • May 9, 2017 6:37am May 9, 2017 6:37am
Quoting aimsttrader
{quote} Not sure if it's sarcasm man ...

Don't take my comment personally which is not meant to be negative.
I like to see new systems evolve and how other traders uses the TDI in their trading.
I am all for innovative ideas to explore the hidden secrets of the TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,547
  • May 9, 2017 6:47am May 9, 2017 6:47am
Looking at the AUDUSD Would you be comfortable taking a long trade on this one even though the daily chart is still down trend?
Have been looking at TDI for a while but just starting with this method so still trying to get my head round the rules. It seams to have changed somewhat from the start of the thread. Lots of new indicators etc.
PS I class myself as very much a novice trader even though I have been trying for quite a while now.
  • #79,548
  • May 9, 2017 7:04am May 9, 2017 7:04am
Quoting caledonia
Looking at the AUDUSD Would you be comfortable taking a long trade on this one even though the daily chart is still down trend? Have been looking at TDI for a while but just starting with this method so still trying to get my head round the rules. It seams to have changed somewhat from the start of the thread. Lots of new indicators etc. PS I class myself as very much a novice trader even though I have been trying for quite a while now.

I never like to go against the daily trend myself, not saying it doesn't work as obviously you will expect to have retracements of the overall trend on the higher TF's but I just like the peace of mind that I am trading with the overall trend...

I think this is also mainly due to the fact I cant always be at my computer and trading against the daily trend is more aggressive and requires a more watchful eye.
  • #79,549
  • May 9, 2017 7:15am May 9, 2017 7:15am
Quoting emmanuel7788
{quote} Aussie Annual Budget Day reaction: AUDUSD H4 takes a pause at RN 0.7350, {image}
It also hit s61 and bounced off it almost to the pip.
Success means going from failure to failure without loss of enthusiasm
  • #79,550
  • May 9, 2017 7:25am May 9, 2017 7:25am
Quoting lisat
{quote}It also hit s61 and bounced off it almost to the pip.
Can you direct me to where you got the pivot indicator.?
  • #79,551
  • May 9, 2017 7:27am May 9, 2017 7:27am
Quoting caledonia
{quote} Can you direct me to where you got the pivot indicator.?
This thread has the pivot indicator. https://www.forexfactory.com/showthread.php?t=588764
Success means going from failure to failure without loss of enthusiasm
  • #79,552
  • May 9, 2017 7:44am May 9, 2017 7:44am
Went short on GBPUSD last night on the H4 aswell after I spotted a bounce entry. This was a little risky but seems to be doing ok at the moment. Just under +20 pips so far
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP sell bounce h4.PNG Size: 41 KB
  • #79,553
  • May 9, 2017 7:46am May 9, 2017 7:46am
Quoting emmanuel7788
{quote} Aussie Annual Budget Day reaction: AUDUSD H4 takes a pause at RN 0.7350, no buying yet until we see a high probability setup. TMS traders do not assume that there will be reversal at WPv R61. We look for Price Action at Support/Resistance for that reversal setup. We believe the reversal will be a new swing of 3 to 8 candles and Big E like to enter on HA candle 1 and 2. We have US open in about 30 mins , maybe its time to trade H1 like Big E did. Anyone here for H1 trading during the US session? Post a H1 chart and we can discuss. {image}...

Hello

emmanuel7788 where can I find this good indicators ?
  • #79,554
  • May 9, 2017 7:57am May 9, 2017 7:57am
Thank you very much emmanuel7788.

Regards
  • #79,555
  • May 9, 2017 8:46am May 9, 2017 8:46am
Quoting lisat
{quote}This thread has the pivot indicator. https://www.forexfactory.com/showthread.php?t=588764
Thank you. Got the latest one which says Auto. I clicked Broker candle to false and ticked box for DLL imports. Is that all I need to do? My time zone is GMT+2
  • #79,556
  • May 9, 2017 8:56am May 9, 2017 8:56am
AUD is trying to do something but will fail again
Attached Image (click to enlarge)
Click to Enlarge Name: aa.png Size: 33 KB
  • #79,557
  • May 9, 2017 9:07am May 9, 2017 9:07am
Quoting emmanuel7788
{quote} Aussie Annual Budget Day reaction: AUDUSD H4 takes a pause at RN 0.7350, no buying yet until we see a high probability setup. TMS traders do not assume that there will be reversal at WPv R61. We look for Price Action at Support/Resistance for that reversal setup. We believe the reversal will be a new swing of 3 to 8 candles and Big E like to enter on HA candle 1 and 2. We have US open in about 30 mins , maybe its time to trade H1 like Big E did. Anyone here for H1 trading during the US session? Post a H1 chart and we can discuss. {image}...
Emm thanks for info !!!

The Market as I see at H1 now is too choppy, for me .. I'm newbie for this !!

Could anyone trade AUDUSD H1 now ??
  • #79,558
  • May 9, 2017 9:14am May 9, 2017 9:14am
Quoting mizi123
AUD is trying to do something but will fail again {image}
Thank you mizi123 !! I'll keep an eye on it

I believe that any instrament contain Aussie !! have similar PA .. am I correct ??
  • #79,559
  • May 9, 2017 9:19am May 9, 2017 9:19am
Quoting Mattse
{quote} Thank you mizi123 !! I'll keep an eye on it I believe that any instrament contain Aussie !! have similar PA .. am I correct ??
Nope watch all pairs and you will make difference: AU,AC,AJ,AN...
  • #79,560
  • May 9, 2017 9:33am May 9, 2017 9:33am
Quoting mizi123
{quote} Nope watch all pairs and you will make difference: AU,AC,AJ,AN...
I'm too exited with system !! and this is wrong !!! I must be more careful ...
I check the movement down and up ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADH1.png Size: 94 KB
Click to Enlarge Name: AUDJPYH1.png Size: 94 KB
Click to Enlarge Name: AUDCHFH1.png Size: 92 KB
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