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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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Trading Made Simple

  • #93,281
  • Jan 18, 2019 12:51pm Jan 18, 2019 12:51pm
Quoting stevepatt
{quote} Hi Akron, Have I got your Entry marked correctly, on the Chart below? Instead of Entering at the Swing Low look to Enter Short at the Origins of the move down. {image}
when you sent me indicator and template
  • #93,282
  • Jan 18, 2019 1:06pm Jan 18, 2019 1:06pm
Something to think about.
BigE's advice:
- M15 green bounce red
- H1 green cross red
Apply post#647 with S/R level before placing a trade.
Take note how H1 green stop M15 false singles.
Attached Image (click to enlarge)
Click to Enlarge Name: 1712019Dinsdag think.PNG Size: 60 KB
  • #93,283
  • Jan 18, 2019 1:31pm Jan 18, 2019 1:31pm
Quoting Tekkies
Something to think about. BigE's advice: - M15 green bounce red - H1 green cross red Apply post#647 with S/R level before placing a trade. Take note how H1 green stop M15 false singles. {image}
Although, last weeks high (1.28659) and close (1.28392) in confluence with the H4 EMA20 (1.28467) and BRN 1.28500 are looming below. Might be one to watch for a reversal up.
  • #93,284
  • Jan 18, 2019 1:52pm Jan 18, 2019 1:52pm
Quoting nigpig
{quote} Although, last weeks high (1.28659) and close (1.28392) in confluence with the H4 EMA20 (1.28467) and BRN 1.28500 are looming below. Might be one to watch for a reversal up.
The same can be said for DE30. Make ready for a nice ride down.
  • #93,285
  • Jan 18, 2019 2:37pm Jan 18, 2019 2:37pm
Quoting thisara1
{quote} when you sent me indicator and template

Hi Thisara,

Here you go Post #175
  • #93,286
  • Jan 18, 2019 4:49pm Jan 18, 2019 4:49pm
Quoting Tekkies
Something to think about. BigE's advice: - M15 green bounce red - H1 green cross red Apply post#647 with S/R level before placing a trade. Take note how H1 green stop M15 false singles. {image}

Hi Tekkies,

It's not that complicated.

Just follow PRICE

When it's going up Buy when it STOPS going up Sell.

How do you know when it STOPS going up?

It FAILS to make a New High.

The only Indicator you need, to see that, is PRICE.
Attached Image (click to enlarge)
Click to Enlarge Name: 18th Jan 19 GBP:USD M15 Observation 2s.png Size: 163 KB
  • #93,287
  • Jan 18, 2019 5:05pm Jan 18, 2019 5:05pm
Quoting nigpig
{quote} Although, last weeks high (1.28659) and close (1.28392) in confluence with the H4 EMA20 (1.28467) and BRN 1.28500 are looming below. Might be one to watch for a reversal up.

as the saying: BULLS make money, BEARS make money, but ...
Attached Image (click to enlarge)
Click to Enlarge Name: Market_trends XABCD.jpg Size: 101 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,288
  • Jan 18, 2019 5:09pm Jan 18, 2019 5:09pm
Quoting stevepatt
{quote} Hi Tekkies, It's not that complicated. Just follow PRICE When it's going up Buy when it STOPS going up Sell. How do you know when it STOPS going up? It FAILS to make a New High. The only Indicator you need, to see that, is PRICE. {image}



The only Indicator you need, to see that, is PRICE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,289
  • Jan 18, 2019 5:29pm Jan 18, 2019 5:29pm
Quoting stevepatt
{quote} Hi Tekkies, It's not that complicated. Just follow PRICE When it's going up Buy when it STOPS going up Sell. How do you know when it STOPS going up? It FAILS to make a New High. The only Indicator you need, to see that, is PRICE. {image}
Well said, but it takes years and years to get this this point. People doesn't want to believe trading is that simple .
on a postive roll...
  • #93,290
  • Jan 18, 2019 5:55pm Jan 18, 2019 5:55pm
Quoting emmanuel7788
DE30 H1 Jan 16 Frankfurt Open FO make a nice continuation following previous price action and breaking the Weekly resistance. Huge supply region above. {image} D1 chart below showing the Weekly High as resistance {image}
Did anyone follow up on Jan 17 and 18?

DE30 Week 03 POMO

H1

Before:

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 03 Jan 16 H1 FO.png Size: 77 KB


After:

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 03 H1 closed Jan 18.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,291
  • Jan 18, 2019 6:00pm Jan 18, 2019 6:00pm
Quoting emmanuel7788
DE30 H1 Jan 16 Frankfurt Open FO make a nice continuation following previous price action and breaking the Weekly resistance. Huge supply region above. {image} D1 chart below showing the Weekly High as resistance {image}

DE30 Week 03 POMO

D1 closed and we update our Big Picture as usual.

Last week, that Friday D1 did not close above the Weekly Resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 03 Jan 16 D1 chart FO.png Size: 45 KB



This week, yesterday D1 made a strong close above.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 03 D1 Jan 18 closed.png Size: 62 KB


Talking about Price Action trading,

Keep It Simple: Use simple basic price bar pattern and look for potential setups to trade, Insde Bar are consolidation and we trade the breakout. Post#647 as your checklist, write your own rules using Post#647 as your trading checklist.

- is price in or near a consolidation area?

Do Not trade when price is in consolidation. Wait for the right momentum till you see a breakout with momentum.

-How close am I to the previous high or lo

-Am I in an uptrend or downtrend.. short & long term...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,292
  • Jan 18, 2019 6:36pm Jan 18, 2019 6:36pm
Quoting Rmg
{quote} Well said, but it takes years and years to get this this point. People doesn't want to believe trading is that simple .


yes, but there is a school where people believe that Keep It Simple and just following the 463 posts by the OP in this thread is enough to Trading Made Simple.

the fact is the OP took more than 6,000 hours plus 2 years of testing, tweeking,etc. of other systems and indicators, ... to create his 5-Method.

something is missing in that school of Keep It Simple belief.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,293
  • Jan 18, 2019 6:54pm Jan 18, 2019 6:54pm
Quoting Rmg
{quote} Well said, but it takes years and years to get this this point. People doesn't want to believe trading is that simple .
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-01-19_10-44-54.jpg Size: 100 KB


https://en.wikipedia.org/wiki/W._Edwards_Deming

The Deming System of Profound Knowledge

  1. Appreciation of a system: understanding the overall processes involving suppliers, producers, and customers (or recipients) of goods and services.
  2. Knowledge of variation: the range and causes of variation in quality, and use of statistical sampling in measurements.
  3. Theory of knowledge: the concepts explaining knowledge and the limits of what can be known.
  4. Knowledge of psychology: concepts of human nature.

It takes a lot for me to IGNORE you, but you can try.
  • #93,294
  • Jan 18, 2019 7:58pm Jan 18, 2019 7:58pm
Quoting stevepatt
{quote} Hi Akron, Have I got your Entry marked correctly, on the Chart below? Instead of Entering at the Swing Low look to Enter Short at the Origins of the move down. {image}
Nice one mate - this is one of those things which TMS probably doesn;t take into account.
  • #93,295
  • Jan 18, 2019 8:45pm Jan 18, 2019 8:45pm
Quoting AkronD
{quote} Nice one mate - this is one of those things which TMS probably doesn;t take into account.

that's not exactly correct, the problem is people are too much focus on the TDI being the heart of the method and missed seeing the natural flow of the price.
there is nothing wrong to believe in the TDI is the heart of the method because the TDI shows the relative periods price momentum and that momentum is in the natural flow of the real price.
too much time spent looking at the TDI.
Big E knew how to pick the best setups, what did he looked at to pick his best setups?
There are quite a few clues.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,296
  • Jan 19, 2019 12:30am Jan 19, 2019 12:30am
Quoting Rmg
{quote} Well said, but it takes years and years to get this this point. People doesn't want to believe trading is that simple .

Hi Rmg,

Trading is as complicated or simple as you want to make it.

You are far better off keeping your focus on Price rather than watching how an Indicator is "Interpreting Price" how ever good that Indicator might happen to be.

You will end up missing the wood for the trees.

Just to add, I look at Market Structure on M30 and Trade from M1.

If you are looking to Trade M15 you need to be looking at the Higher Time Frames for setups.
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Jan 19 GBP:USD M15 Observations.png Size: 165 KB
  • #93,297
  • Jan 19, 2019 1:33am Jan 19, 2019 1:33am
Replying to all posts.
TDI merely indicate a possibly entry. How you react to that indication is up to you.
Post 93,282 is how TDI indicate a possible entry point.
Post 93,290, Post 93,291 , Post 93,296 possible way how to apply Post#647 depending on your understanding of price action
-------------
This method use TDI as the base from which to make a trading decision. Why you guys come here and try to convince member's it is wrong goes beyond understanding.
  • #93,298
  • Jan 19, 2019 3:21am Jan 19, 2019 3:21am
Quoting Erebus
{quote} {image} https://en.wikipedia.org/wiki/W._Edwards_Deming The Deming System of Profound Knowledge Appreciation of a system: understanding the overall processes involving suppliers, producers, and customers (or recipients) of goods and services. Knowledge of variation: the range and causes of variation in quality, and use of statistical sampling in measurements. Theory of knowledge: the concepts explaining knowledge and the limits of what can be known. Knowledge of psychology: concepts of human nature.

I LIKE.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,299
  • Jan 19, 2019 3:50am Jan 19, 2019 3:50am
Quoting stevepatt
{quote} Hi Rmg, Trading is as complicated or simple as you want to make it. You are far better off keeping your focus on Price rather than watching how an Indicator is "Interpreting Price" how ever good that Indicator might happen to be. You will end up missing the wood for the trees. Just to add, I look at Market Structure on M30 and Trade from M1. If you are looking to Trade M15 you need to be looking at the Higher Time Frames for setups. {image}
I look at Market Structure on M30 and Trade from M1.

Question:
<>
If you are looking to Trade M15 you need to be looking at the Higher Time Frames for setups.
<>
what about when we trade M15.
which higher timeframes would you look for setups?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,300
  • Jan 19, 2019 4:02am Jan 19, 2019 4:02am
Quoting stevepatt
{quote} Hi Rmg, Trading is as complicated or simple as you want to make it. You are far better off keeping your focus on Price rather than watching how an Indicator is "Interpreting Price" how ever good that Indicator might happen to be. You will end up missing the wood for the trees. Just to add, I look at Market Structure on M30 and Trade from M1. If you are looking to Trade M15 you need to be looking at the Higher Time Frames for setups. {image}
As your chart says, price reading skills are must before thinking of using an indicator or using someone else's strategy.
I used to add tdi to my charts and removed instantly, as my interpretaion & decision was faster then tdi .
I follow 15 minutes chart using 1 minute as my execution tf.
5 SMMA Channel is my only edge, which idea is taken from this thread.
I will find any excuse to enter the trade such as breakout, failure breakout, pullback whatever market thrown at me and exit when smma channel tells me so.
Follow the price, stick to the plan, respect your loss limits.,
on a postive roll...
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