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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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MTF Indicators for the 'Trading Made Simple' system 241 replies

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Trading Made Simple

  • #80,701
  • Jul 10, 2017 5:01pm Jul 10, 2017 5:01pm
Quoting zackery
{quote} @emmanuel: I have seen your fabulous 18.000+-trades and 1 thing came to my mind: when do you decide to quit a Trade when this Trade is running nowhere or needs too much time to be profitable (means sideways for more than X days )?? Thanks for an info. Reg.Zack
pick any of the exit strategy based on your own experience:

Exit Strategy: Post#55,038
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,702
  • Jul 10, 2017 5:08pm Jul 10, 2017 5:08pm
Quoting Sesamstrasse
{quote} Hi Emm. Since a week We are also playing the lottery model additional to insurance model. Heres mine; Gross Profit:1 512.34Gross Loss:303.67Total Net Profit:1 208.67 Profit Factor:4.98Expected Payoff:7.80 Absolute Drawdown:0.00Maximal Drawdown:132.57 (2.55%)Relative Drawdown:2.55% (132.57) Total Trades:155Short Positions (won %):152 (74.34%)Long Positions (won %):3 (0.00%) Profit Trades (% of total):113 (72.90%)Loss trades (% of total):42 (27.10%) Yes, youre right no need to be 100% .. But: In this case its only "one" instrument (Gcad) and...

well, like all trend following trading systems, picking the direction is important.

but what is more important is to know the market type when we want to trade.

you need to know all the 10 things when trading.

most investors are traders, but not all traders are investors.

Trade like investors and you can generate cash flow when you know how to combine both the Insurance model and the Lotto model.

Back to this picture below when we want to trade with ME/ME.

It's Plan, Build and Run.... there are 3 phases to a winning trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Market Trend MEME PLAN BUILD RUN.jpg Size: 51 KB


to generate cash flow, you need to know when is the RUN phase.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,703
  • Jul 10, 2017 5:18pm Jul 10, 2017 5:18pm
Quoting caledonia
{quote} Would you call that a cup and handle pattern?

I heard of that 'cup and handle' name being used in chart patterns but I wasn't looking at any chart pattern.

I look at the previous price swings - swing high close, swing low close and use them and look for CONFLUENCE of the swings in the history.

USDJPY had a pullback yesterday from the historical swing levels but that is short termed resistance so we may see UJ moving higher and close higher in the coming days. If it fails to make higher and stalls, then we start look for the next move. Next move can be bull , can be bear. We do no know yet at this point in time. But you know the forex futures.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,704
  • Jul 10, 2017 5:26pm Jul 10, 2017 5:26pm
Quoting zonalmarking
If I am trading h4, is there a rule that I should only be entering trades at Night (EST timezone) like Big E or Can i take a signal during any h4 candle close period? please help
Of course you can take a TDI trade when any H4 candle close period.

but before you take any TDI signal trade (setup), there are things you need to know, these are important:

1) make sure the setup is not in consolidation or near a consolidation zone/area.

2) make sure there is no support / resistance close by where the setup is.

3) make sure you know the market volatility at the hour of the setup.

4) know which market trend you are trading the setup.

Post#647
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,705
  • Jul 10, 2017 5:29pm Jul 10, 2017 5:29pm
Quoting kmic14
i have a question on the TDI indicator What is the yellow line ?

Pick any of these options. Read and take notes of what the OP did and you will learn.

Option #1: Go to this post link, read and follow that post.

https://www.forexfactory.com/showthr...80#post9661780

Option #2: Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3: Click and read One, Two and Three
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,706
  • Jul 10, 2017 6:10pm Jul 10, 2017 6:10pm
Quoting emmanuel7788
{quote} Pick any of these options. Read and take notes of what the OP did and you will learn. Option #1: Go to this post link, read and follow that post. https://www.forexfactory.com/showthr...80#post9661780 Option #2: Go to this post link, download and read those two pdfs files. https://www.forexfactory.com/showthr...31#post9656031 Option #3: Click and read One,...
Yeppers emm, how many times are you going to post that post?
Newbie spoonfeeding!!!

kmic14 you should try this.Results are guaranteed.
https://www.forexfactory.com/showthr...12#post9679712
  • #80,707
  • Jul 10, 2017 7:07pm Jul 10, 2017 7:07pm
Quoting mizi123
Hi Emannuel and friends if EUR/GBP break these key resistance level look's good to me any comment from you will be apriciated!? {image}

EURGBP Week 28 Jul 11 D1 chart

we see a 3rd test of the swing highs of last month and the RN 0.8850.

but with narrowing of the price momentum seen with the VB of the TDI, means thing are going 'slow'.

any break higher sees potential targets ... 0.8893 and 8967, or keep it simple with targets the BRN 0.8900 and RN 0.8950

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 28 Jul 11.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,708
  • Jul 10, 2017 7:21pm Jul 10, 2017 7:21pm
EXAMPLE of PLAN, BUILD and RUN

USDCAD D1 chart.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Plan Build Run.png Size: 253 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,709
  • Jul 10, 2017 8:16pm Jul 10, 2017 8:16pm
Quoting emmanuel7788
EXAMPLE of PLAN, BUILD and RUN USDCAD D1 chart. {image}
Any suggestion on building process?
  • #80,710
  • Jul 11, 2017 2:20am Jul 11, 2017 2:20am
Hi Emmanuel7788,

I am looking at NU and get in some. Do you think the down trend is going on? All W D H4 H1 TFs is selling. Can I hold these trades. I already moved SL to BE.

Attached Image (click to enlarge)
Click to Enlarge Name: NU.jpg Size: 267 KB
  • #80,711
  • Jul 11, 2017 2:52am Jul 11, 2017 2:52am
Quoting chnp
Hi Emmanuel7788, I am looking at NU and get in some. Do you think the down trend is going on? All W D H4 H1 TFs is selling. Can I hold these trades. I already moved SL to BE. {image}
I see that as a major correction of the recent bull trend.
With last Week close Bearish Engulfing Bar BEEB, and Fiday' D1 Pin Bar at BRN .7300.
Yesterday' small inside bar was a good setup.

Selling this week is good and you won't face huge drawdown like many other rookie trader who sold 3~4 weeks ago and held on to their sell trades and now waiting for BE and then take few hundred pips of profits.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 28 W1 BEEB.png Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 28 Jul 11 Pin Bar BRN 07300.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,712
  • Jul 11, 2017 3:05am Jul 11, 2017 3:05am
Quoting darko2010
{quote} Any suggestion on building process?

If you are asking how to trade in the BUILD phase,

first you must know an easy way how to identify each of the phases - the PLAN phase, the BUILD phase and the final RUN phase.

I only look at the D1 chart to see if there is the PLAN, BUILD and RUN phases. The Weekly and Monthly is the timeframes I use to look and determine the Dominant Trend and/or the Market Type. H4 timeframe is the weekly swings

On the D1 chart, I will look at the market volatility and I use the Chandelier Stop which is ATR based volatility. What is important is the previous months High - Low, and its swing levels before the High Low. This is how I will look if there is empty space for price to move into without support or resistance.
Every time there is break of support or resistance, you will most likely find the BUILD phase.

During the BUILD phase, it is when I will use the retracement to build up more positions in the market and in the direction of the Dominant trend.
The trading process is what I have been sharing since 2015 - Multiple Entries / Multiple Exits during the BUILD phase until the next break out of the support or resistance.

The USDCAD posted above is an example of this PLAN,BUILD and RUN.

The other examples are the EURCAD and GBPCAD trades posted last week.

Look at all your trading pairs, see if you can spot those pairs with potential to trade with PLAN, BUILD and RUN in this week and coming weeks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,713
  • Jul 11, 2017 3:41am Jul 11, 2017 3:41am
Quoting emmanuel7788
{quote} If you are asking how to trade in the BUILD phase,
I found this extremely helpful, Thanks Emm.
  • #80,714
  • Jul 11, 2017 5:14am Jul 11, 2017 5:14am
Quoting mortezakh
GBPAUD looks good for long daily chart waiting close candle any idea??{image}
GBPAUD update
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 84 KB
  • #80,715
  • Jul 11, 2017 5:18am Jul 11, 2017 5:18am
Quoting emmanuel7788
{quote} What is important is the previous months High - Low, and its swing levels before the High Low. This is how I will look if there is empty space for price to move into without support or resistance..
Thank you very much Emmanuel, this is helpful.
Could you elaborate/illustrate on how you use the previous month's High-Low to look for empty space, that could save me many, many bad decisions in the future

Thanks
D
  • #80,716
  • Jul 11, 2017 5:22am Jul 11, 2017 5:22am
Quoting emmanuel7788
{quote} I see that as a major correction of the recent bull trend. With last Week close Bearish Engulfing Bar BEEB, and Fiday' D1 Pin Bar at BRN .7300. Yesterday' small inside bar was a good setup. Selling this week is good and you won't face huge drawdown like many other rookie trader who sold 3~4 weeks ago and held on to their sell trades and now waiting for BE and then take few hundred pips of profits. {image} {image}
NZDUSD H4
My tp 50% daily range.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 83 KB
  • #80,717
  • Jul 11, 2017 6:59am Jul 11, 2017 6:59am
Quoting emmanuel7788
EXAMPLE of PLAN, BUILD and RUN USDCAD D1 chart. {image}
hi
what's the best way and simplest way for bigeners like me for know weekly trend??
  • #80,718
  • Jul 11, 2017 7:03am Jul 11, 2017 7:03am
Greetings All,

I started reading from post #1, and feel strongly motivated to learn. I am not clear where the lattest set of indicators are, assuming that these have been refined over the life of this thread.

Can someone please point me to the lattest and greatest tversions ?

Much appreciated.

Ramakant
  • #80,719
  • Jul 11, 2017 8:47am Jul 11, 2017 8:47am
I have the same Questions as above, latest indicator files


great thread, nice simple plan, although lots to be understood for me
many thanks for the efforts and time spent helping others






Nanu
Lots of info here. I have traded for a few years (IG markets in UK) with larger number of smaller profits and vice versa, with slight overall profit

Metatrader and ForexFactory are new and I am learning fast (with a full time job)
  • #80,720
  • Jul 11, 2017 10:39am Jul 11, 2017 10:39am
Action is best teacher
Attached Image (click to enlarge)
Click to Enlarge Name: ga.png Size: 53 KB
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