Trading Made Simple | Page 2967 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

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

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #59,321
  • Jul 30, 2015 8:37am Jul 30, 2015 8:37am
For those traders that want to catch some pip and exit and then re - enter at bounces !

Look at these two pics !
see the differences between TDI at first page and Synergy pro !
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD#H4.png Size: 64 KB
  • #59,322
  • Jul 30, 2015 10:12am Jul 30, 2015 10:12am
Quoting Sesamstrasse
{quote} Yes , good entry ! But dont forget : If you have about 30 pips as a TP and 150 as a SL .. you MUST have a +90% winners only to stay breakeven . .. do you ?? Id work on the exits in your case, what is very very important .. A plan for entry and exit is necessary , let the trades play out , then you are on the right way.:-) Hope that helped you a little. Guido
Hi friend,

First of all, thank you for spending a bit of your time to help me.

I am new in this thread so I want to learn as much as possible about this interesting system. I only made a few trades with TMS because first I need to build confidence and spend hours studying the method.

In this particular trade, the TP was at 0.70000 because of the pinbars I didn't liked... Maybe it is incorrect, as a relative beginner trader I don't know how the market reacts and why reacts, for me is very difficult to predict so need more patience, discipline and experience.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla 2015-07-30 a las 17.00.18.png Size: 87 KB
  • #59,323
  • Jul 30, 2015 10:19am Jul 30, 2015 10:19am
Quoting sEit89
{quote} Hi friend, First of all, thank you for spending a bit of your time to help me. I am new in this thread so I want to learn as much as possible about this interesting system. I only made a few trades with TMS because first I need to build confidence and spend hours studying the method. In this particular trade, the TP was at 0.70000 because of the pinbars I didn't liked... Maybe it is incorrect, as a relative beginner trader I don't know how the market reacts and why reacts, for me is very difficult to predict so need more patience, discipline...

For your " first steps " you´re doing a good job.. and of course nobody is perfect, included me and all others.
Only the level of learning is a little bit different.
I´m sure you´re well , you´re on the right way .. would be nice to see more of these trades.
I trade only H4 and D1 , in the TMS and very rare I open TMS positions ..
but if I had been at the screen last night , when D1 candle gets printed,
I had entered it .

Guido
Risiko birgt immer auch die Chance.
  • #59,324
  • Jul 30, 2015 11:28am Jul 30, 2015 11:28am
Gold Long on the break of previous APB candles confirmed with TDI cross, +50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Gold_H1.jpg Size: 339 KB
I Have Learned to Take Some Losses to Make Profits
  • #59,325
  • Jul 30, 2015 12:39pm Jul 30, 2015 12:39pm
Quoting Lookleft
{quote} Hi Next, I saw that one forming but didn't take it. My reasons for not taking the trade (in no particular order) 1. Wicks on the previous and entry APB were grey which always gives me a warning. 2. Entry APB didn't have much momentum (smallish) 3. APB didn't quite close outside of the PAC (on my setup anyway) 4. TDI did not give a clean cross 5. DOL and YL both nearby and EA respects them 6. General trend to me was bullish so I would have needed to see good momentum before entering. In situations like you had it can be worth waiting a few...
Hi LL
Thanks for your detailed answer, just what I was hoping for. I will look into it all over the weekend. One question "grey wicks" what do you mean by this?

Sorry two questions DOL = daily open line but what is YL?
  • #59,326
  • Edited 5:05pm Jul 30, 2015 4:40pm | Edited 5:05pm
Quoting Next4467
{quote} Hi LL Thanks for your detailed answer, just what I was hoping for. I will look into it all over the weekend. One question "grey wicks" what do you mean by this? Sorry two questions DOL = daily open line but what is YL?
Hi Next,
If you are using the synergy pro APB you will see that the wicks can change color. Check out the Synergy Pro e-book and it will show you that different wick colors can give an indication to possible price action.
YL = Yesterday's Low. I use this indi
Attached File(s)
File Type: ex4 Yesterday High & Low.ex4   4 KB | 395 downloads

Here is the e-book, page 9 or 10 will give you the details
Attached File(s)
File Type: pdf Synergy_Pro_Ebook_v.5.12(USER_GUIDE).pdf   2.8 MB | 836 downloads

Remember Eric's (R.I.P) philosophy of removing anything that doesn't help or complicates, keep it simple. Price action, TDI and S/R is all you need (S/R is given all sorts of different names by posters here but it simply means were did price stop in the past)
Trade well
Never argue with a fool; onlookers may not be able to tell the difference.
  • #59,327
  • Jul 30, 2015 5:01pm Jul 30, 2015 5:01pm
Quoting TheScorpS
Gold Long on the break of previous APB candles confirmed with TDI cross, +50 pips {image}
Nice trade TSS Guess like me you're waiting for GU to beak out. At least it looks like EU it has decided it's near term future
Never argue with a fool; onlookers may not be able to tell the difference.
  • #59,328
  • Jul 30, 2015 6:48pm Jul 30, 2015 6:48pm
Quoting emmanuel7788
{quote} here below the results comparing the TDI versions. running in realtime: {image} and below refreshing the chart. {image} it is how you use the TDI. eelfranz used the same version and he made money. you need to understand his post#647. #1 is the PA. #2 then the TDI.
Hey Emmanuel, thanks to that link I just read post 645 from eelfranz, and that made me laugh lol
  • #59,329
  • Jul 30, 2015 7:00pm Jul 30, 2015 7:00pm
Quoting since80808
{quote} We are planning at D1 and looking for TDI at H1/H4. Swing high of which TF candle do you mean?
Quoting since80808
Hellow Emmanuel! A question about higher TF understanding. I marked by red lines highes and lows of last and current weeks EUR/USD. Do I understand the situation right: only sell till 1.008095 ? Thank you! {image}

yes, we can target last week' low but in between I see potential support which can slow things down.
we only have today and tomorrow to close this July MN candle.

Attachment

Hi,

Two possible ways to place our initial SL.
But to look for an entry, H1 would be best today. We sell high on H1 i.e. look for a H1 setup.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 chart as of 31 July open.png Size: 58 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,330
  • Jul 30, 2015 7:08pm Jul 30, 2015 7:08pm
NZDUSD trading for August 2015:

NU is sideways and in narrow range for a few days. It is not suitable for 4H swing trading with ME/ME.
But things can change as soon as it beaks out of that range. We do not know if it will reverse (bullish) or continue the bearish trend.
If I were to pick a longer term trade for this pair, I would be selling the rallies and target 0.6150.

see my post here.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,331
  • Jul 30, 2015 7:43pm Jul 30, 2015 7:43pm
y
Quoting Stonyheart
Hello i'm newbie in this thread. My first enter with TMS: {image} I use the ichimoku for filter the trades.
Hi,

The GBPAUD and GBPNZd pairs are strong trending.
It would be better to wait and buy when there are dips. Buy when price comes back to the cloud.
I prefer to buy and build positions during the retracements or dips.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,332
  • Jul 30, 2015 7:49pm Jul 30, 2015 7:49pm
As Big E always showed us in his training charts, I strongly believe one of the most important aspects of the TMS strategy is the actual "angle" the TDI crossover is.
By following the angle and only entering trades when that angle is "strong" you will always win.
Here's an example of the angle. Strong sell signal at the 4H TDI crossover on USDCHF this morning (7:00am Sydney time).
Did a quick scalp and TP at 15 pips.
Usually I would stay and ride it out and keep an eye on PA but I decided to close it at 15 pips.

I must say, I truly love the TMS strategy.

Wherever you are Big E, thank you.
Attached Images
  • #59,333
  • Jul 30, 2015 10:23pm Jul 30, 2015 10:23pm
Hi classy! Here you go
Attached File(s)
File Type: tpl synergy.tpl   84 KB | 375 downloads
Winners Never Quit, Quitters Never Win
  • #59,334
  • Jul 30, 2015 10:38pm Jul 30, 2015 10:38pm
Quoting emmanuel7788
{quote} Hi Steven, You beginning to see the benefits in trading with ME/ME. We don't want to miss any trade setup in the higher TF. We build up positions during the retracement of the setup candle and get that overall average entry price. With proper position sizing, we can take our profits over and over again when market get choppy sideways. ... lots more benefits One thing you need to correct is not to open position too close to one another. Space the ME trades - 1) Have a certain pip distance between every trade like a grid. 2) When market move...

GBPUSD 31 July :
\
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 31 31 July closing.png Size: 26 KB


I am on buyers side .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,335
  • Jul 30, 2015 11:58pm Jul 30, 2015 11:58pm
Quoting Dimi.A
As Big E always showed us in his training charts, I strongly believe one of the most important aspects of the TMS strategy is the actual "angle" the TDI crossover is. By following the angle and only entering trades when that angle is "strong" you will always win. Here's an example of the angle. Strong sell signal at the 4H TDI crossover on USDCHF this morning (7:00am Sydney time). Did a quick scalp and TP at 15 pips. Usually I would stay and ride it out and keep an eye on PA but I decided to close it at 15 pips. I must say, I truly love the TMS...
Dimi.A;

Yes in this method angle is very important and any one try to take trades by nice angles can increase his/her wins !
but not those angles in opposite of trend !
though this angles may be in good position but most of times there would be shadows at bottom and top of each candles and hit your stops ! because there is not a powerful price movement in this situation !

Look at this pic !

Attached Image (click to enlarge)
Click to Enlarge Name: attachmebnt.php.jpg Size: 125 KB


Regards
  • #59,336
  • Jul 31, 2015 12:06am Jul 31, 2015 12:06am
Hi Emmanuel, Dimi and Farhad....
I got a simple question.....
Many times i see here trades like green crosses red @32 Level or below the 50 Level and its still below the mbl....is that posible? when im lookin for trades like
green crosses red above 50 level and above mbl....so i find not enough trades......

thx for advices

Lazy
mia san mia since 1900
  • #59,337
  • Jul 31, 2015 12:11am Jul 31, 2015 12:11am
Quoting farhad10
{quote} Dimi.A; Yes in this method angle is very important and any one try to take trades by nice angles can increase his/her wins ! but not those angles in opposite of trend ! though this angles may be in good position but most of times there would be shadows at bottom and top of each candles and hit your stops ! because there is not a powerful price movement in this situation ! Look at this pic ! {image} Regards
Good point mate but I think you are a bit too conservative. Have a look at my live trade explorer. My last 25 trades have all been winners and the majority of those were against the trend. Although they are only small 10-15 pip scalps, they have all worked when I have traded the TDI (old version) at a good angle. Against the trend or with the trend

Thanks for your input though.
  • #59,338
  • Jul 31, 2015 12:14am Jul 31, 2015 12:14am
Quoting LazyTrad3r
Hi Emmanuel, Dimi and Farhad.... I got a simple question..... Many times i see here trades like green crosses red @32 Level or below the 50 Level and its still below the mbl....is that posible? when im lookin for trades like green crosses red above 50 level and above mbl....so i find not enough trades...... thx for advices Lazy
Hey mate, try and set your charts up like Big E. Like Big E, I only have the TDI red and green lines. I trade the system like he taught us - by trading the TDI crossovers on the 4H charts. Just look at the angle of the green TDI. If it's "steep" go for it.
Let me know if you need any help

PS: Download the PDF I have attached below. It has all of Big E's posts and training charts. This is how I learnt.
Attached Image
Attached File(s)
File Type: pdf BigE-full.pdf   3.3 MB | 1,112 downloads
  • #59,339
  • Jul 31, 2015 12:20am Jul 31, 2015 12:20am
Quoting Dimi.A
{quote} I think you are very conservative. A bit too conservative. Have a look at my live trade explorer. My last 25 trades have all been winners and the majority of those were against the trend. Although they are only small 10-15 pip scalps, they have all worked when I have traded the TDI (old version) at a good angle. Against the trend or with the trend
Dimi.A;

It may be a bit conservative! but if you want to be alive in this market with this system you have to obey these rules !
yes you may be winner with about your first 100 trades with this aggressive mode but trade no 101 ?!!

I've tested all of these trades conditions and they were looser in long times.
of course you are a scalper I think. so it should be a bit different case !

green pips for you friend
Regards
  • #59,340
  • Jul 31, 2015 12:30am Jul 31, 2015 12:30am
Quoting LazyTrad3r
Hi Emmanuel, Dimi and Farhad.... I got a simple question..... Many times i see here trades like green crosses red @32 Level or below the 50 Level and its still below the mbl....is that posible? when im lookin for trades like green crosses red above 50 level and above mbl....so i find not enough trades...... thx for advices Lazy

LazyTrad3r;

look at this pic
Attached Image
99 traders viewing now, 1 is registered:
Adventure01