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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

  • #67,381
  • Mar 23, 2016 7:02pm Mar 23, 2016 7:02pm
USDJPY H4 Support and Resistance

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY support become resistance.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,382
  • Mar 23, 2016 9:07pm Mar 23, 2016 9:07pm
Quoting bill992
{quote} Me too. Today s Day candle looks like a nice pin bar. Nice angle for TDI on H4, it s the second Bearish APB candle for me on H4. Stoch s agree. What do you think? DId anyone skip this trade ? If yes, why? Green pips to all, Bill
it was risky trade as dollar continue to strengthen, my stop is just above swing high so small risk,
ABP changed color again, i will hold till tdi cross back or SL hit
  • #67,383
  • Mar 24, 2016 12:23am Mar 24, 2016 12:23am
Quoting emmanuel7788
{quote} Hi ensale, Thank you for sharing your USDCAD BPP. USDCAD is in a major correction of the monthly up trend. And looking at the Weekly, it has already ran 7 weekly candles after that W1 setup. To be on a safer side, I would be waiting for a retracement and avoid jumping into the market when this week open. D1 ' TDI VB is narrowing indication that the price momentum has reduced significantly. the past 10 D1 candles. H4 TDI is in the oversold OS region and this will be tempting many H4 traders to buy which can bring price up. Wait here! After...
Quoting emmanuel7788
{quote} Hi ensale, I always emphasized that we must not trade alone. It is good to have a trading buddy because 4-eyes will see more and when each trader has a 'third eye', we have 6-eyes.... I just took another look at USDCAD. That week 11 candle is a WRB and on D1, it there is possiibility that it will rectrace to 1.3150 and 1.3300 region. Then we look for selling at resistance in the lower TF.... sell high for this one. Trade Well.

USDCAD Week 12 H4 update"

Price has retraced in to the region 1.3150 and 1.3300 of that H4 WRB.
Big Picture shows that it is trading in the range of that Weekly WRB.
We shall be watching the PA and how the TDI will react to the PA over the few H4 periods and over the next 2 days and into next week.
We wait for the next setup for the next big move.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 12 H4 PA TDI VB.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,384
  • Mar 24, 2016 12:29am Mar 24, 2016 12:29am
Quoting emmanuel7788
{quote} {quote} USDCAD Week 12 H4 update" Price has retraced in to the region 1.3150 and 1.3300 of that H4 WRB. Big Picture shows that it is trading in the range of that Weekly WRB. We shall be watching the PA and how the TDI will react to the PA over the few H4 periods and over the next 2 days and into next week. We wait for the next setup for the next big move. {image}
1.3400 looks on
the cautious seldom err....C
  • #67,385
  • Mar 24, 2016 12:32am Mar 24, 2016 12:32am
Quoting pips29
{quote} 1.3400 looks on

there is Hist S&R at 1.33105, so we shall see how the PA will be like between the two BRN 1.3300 and 1.3400.
but very often the D1 candle which close across those Hist S&R is a big candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,386
  • Mar 24, 2016 12:55am Mar 24, 2016 12:55am
EURAUD Mar 24

Yesterday EA rallied and end with BUOB D1 candle and now goes sideways. with that H1 WRB and TDI re-enters its VB.
Do not chase after LO...

maybe counter trend trade in lower TF.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar 24 BUOB D1 chart.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,387
  • Mar 24, 2016 1:38am Mar 24, 2016 1:38am
Quoting emmanuel7788
{quote} {quote} USDCAD Week 12 H4 update" Price has retraced in to the region 1.3150 and 1.3300 of that H4 WRB. Big Picture shows that it is trading in the range of that Weekly WRB. We shall be watching the PA and how the TDI will react to the PA over the few H4 periods and over the next 2 days and into next week. We wait for the next setup for the next big move. {image}
Looks like we got the correction that you told us about, you saved us there.

Now will look for price action to give us a short signal.

Last week was a good first week day trading with ME.ME, This week no day trades.
Attached Image (click to enlarge)
Click to Enlarge Name: me me first wk.jpg Size: 99 KB
It's in fear when people show what they truly value.
  • #67,388
  • Mar 24, 2016 2:50am Mar 24, 2016 2:50am
Quoting emmanuel7788
USDJPY H4 Support and Resistance {image}
is this swing low?
Attached Image
Take What You Can , Give Nothing Back
  • #67,389
  • Mar 24, 2016 2:55am Mar 24, 2016 2:55am
Quoting ensale
{quote} Looks like we got the correction that you told us about, you saved us there. Now will look for price action to give us a short signal. Last week was a good first week day trading with ME.ME, This week no day trades. {image}
the market is always right..
sometimes I am right.

but being right and making money are not equivalent.
who said this?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,390
  • Mar 24, 2016 2:58am Mar 24, 2016 2:58am
Quoting Donquixote
{quote} is this swing low? {image}

read this:

Swing High/ Swing Low Price Action: Post#57,779

but one swing low does not tell the whole story.

you need to zoom out on your chart and to see the bigger picture and look for the more significant swing levels especially those on the higher timeframes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,391
  • Mar 24, 2016 3:13am Mar 24, 2016 3:13am
Quoting ensale
{quote} Looks like we got the correction that you told us about, you saved us there. Now will look for price action to give us a short signal. Last week was a good first week day trading with ME.ME, This week no day trades. {image}

Good profits. Well done!

I LIKE when I see traders make make money from the market .. it's Other People's Money aka OPM.

You want to know how to trade with OPM, download and read this report
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,392
  • Mar 24, 2016 5:53am Mar 24, 2016 5:53am
Hey Folks

This is and always will be BigEs trend.

Just a newbie to other newbies.

My trading was normally like this:
I place a trade and immediately the market moves against me. Close losing trade, open new trade and the market moves against me again. The whole day. It was like if somewhere a very small man with a low IQ and personality of a sea slack is watching only me. When I place a trade he will notify one million traders to take oppose trade. No matter what I do.

Wrote this to clear all the junk out of the only one brain cell I have

Not here to change the rules as laid out

It is more of clarifying the Trade Made Easy method.
There were a few topics that BigE and other traders spoke about in the 33370 strong post that were unclear. Took a awhile to figure out

Following is Forex made simply
Indicators
Indicators are just that what it says.
It gives only an indication of where the market should go.
Do not hunt for the Holy Grail indicator for it does not exist.
The rubbish of non-lag, non repaint, THIS IS THE BEST MONEY MAKING INDICATOR EVERY MADE money guarantee back promise is a scam. Why sell something like that if it makes money.
Find a few simple indicators you like and learn them upside downside and sideways. Study the chart when they give a sell / buy signal.
Remember this
the market do not obey indicators

Trend
The market can only go two directions UP or DOWN.
When the UP is far from the DOWN there is a trend.
When the UP and DOWN are close to each other the market is moving sideways or whiplash
Simple trend line is from top left corner to right bottom corner or left bottom to right top of the chart window. Zoom in or out to fit
If the trend match any of those line that is the way to place orders

Money Management small account
Trading the Forex Market is and must be at all times be an enjoyable and relaxing hobby or work
If it is one of fear, anguish, talking to the screen, begging, shouting, cold sweet then you should re-evaluate your trade style and motive.
Forget getting quick rich it is a myth
You can have the best money management rules and setting in the world
If you cannot control your emotions like greed, fear, you are a loser
Greed - will make you place a bigger lot sizes then what your account can take or handle on a losing streak. To make up for losses by increasing lot size or hedging might work the first time. Second time round you are going to cry
Fear to place a trade or wait and the pips slips away
Pride (the need to be right) Close the losing trade. Take the loss. Stop hoping the market will move in your favour. It usually does after margin call.
Use compound interest
You look after the pips. 5 pips here 10 pips there and the dollars will look after themselves.
At regular intervals withdraw from deposit the profit you have made, later on you will only be using the profit made to trade with and the original amount invested is safely in a bank.

Leverage
If this is good advice I do not know. Do this at own risk.
Set your leverage to the maximum your broker allows and be done with it.
The lot sizes that you use is the most important factor.
Start with 0.01 lot size and increase the size to the level your fear can handle. Use common senses.
If 0.10 is 1 or 2% of your Deposit stay with 0.10. do not be greedy you are going to get burn
If 0.10 is more than 1 or 2% of Deposit decrease leverage.
At first the high leverage is going to make you nervous and unsecure. Trade with 0.01 and see if high leverage is for you. Forget demo trading, trade live account. Because live brings the emotions to the front. YOU are trading with money you can afford to lose. Just checking
Use only Deposit when doing calculations of the % to determine lot size. See the Credit as a safety net when things go really bad and usually does at high leverage.

Chart
KEEP IT CLEAN
The less indicators the better.
Use one to three indicators on main chart is more than enough.
Sub charts more than four makes the main chart small
Use colours that do not place a strain on the eyes.

next post TRADE MADE SIMPLE
  • #67,393
  • Mar 24, 2016 9:43am Mar 24, 2016 9:43am
Hello I'm trying the TDI in my traders and i' watching GBPUSD graph.

It sims to be contradictory in H4 and D1:
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de ecrã 2016-03-24, às 16.34.23.png Size: 54 KB



Attached Image (click to enlarge)
Click to Enlarge Name: Captura de ecrã 2016-03-24, às 16.34.40.png Size: 53 KB



In H4 the signals maybe invoque a long trade but int de Daily justify a short trade.
what's your opinion?

thanks
  • #67,394
  • Mar 24, 2016 10:04am Mar 24, 2016 10:04am
Quoting emmanuel7788
{quote} Good profits. Well done! I LIKE when I see traders make make money from the market .. it's Other People's Money aka OPM. You want to know how to trade with OPM, download and read this report
I will read it and study it.. thank you kind sir for your continued support and effort..

I wonder what next week brings in the markets.
It's in fear when people show what they truly value.
  • #67,395
  • Mar 24, 2016 10:04am Mar 24, 2016 10:04am
TRADE MADE SIMPLE
BigE has made an omegas contribution fot all newbies in Forex Trading

This is a golden wheelbarrow money to the bank trading system.

BigE is not with us anymore - Thanks BigE

RECAP
Indicators

  1. TDI Green Red.mq4

    1. Traders Dynamic Index.mq4 Copyright 2006,Dean Malone www.compassfx.com
    2. Settings

      1. RSI Period = 13
      2. RSI Price = 0
      3. Volatility Band = 34
      4. RSI Price Line = 2
      5. RSI Price Type = 0
      6. Trade Signal Line = 7
      7. Trade Signal Type = 0


    3. Colour - only Red and Green is required

      1. 0 Black
      2. 1 Black
      3. 2 Black
      4. 3 Black
      5. 4 Lime Green
      6. 5 Red
      7. Width and Style your choice



  2. Synergy APB.ex4 (APB)

    1. Google for more info
    2. Setting as per download


  3. Stochastic - three to chose from

    1. Stochastic Slope.ex4

      1. Google for more info
      2. Settings 5,3,3


    2. Color Stochastic.mq4

      1. Google for more info
      2. Settings 5,3,3


    3. Build in Stochastic

      1. Supplied by MetaQuotes
      2. Settings 5,3,3



  4. EMA (Moving Average)

    1. Supplied by MetaQuotes

      1. Settings

        1. Period = 5
        2. Shift = 3
        3. MA method = Simple
        4. Apply to = Typical Price (HLC/3)
        5. Colour = Yellow




  5. This indicator is not part of the Trade Made Simple

    1. BarTime.mq4

      1. Copyright 2010, Forex-Tools-Cafe.Com
      2. http://www.forex-tools-cafe.com



Chart
6. Settings

a. Common - tick the following

i. Chart shift

ii. Chart auto scroll

iii. Line chart

iv. Show OHLC

v. Show Ask line

b. Colours - all black

i. Foreground White

ii. Volumes Lime Green

iii. Ask line - Red

iv. Stop levels - Red


Currencies
7. AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDCAD, USDCHF, USDJPY

Rules
MAIN RULES
The system as a whole relies only on one indicator the TDI Green Red
This is the bare bones structure of TRADE MADE SIMPLE

  1. H4 (four hour chart) only
  2. Trade the London session
  3. Monitor the first hour of New York
  4. Sell

    1. Green cross Red from above
    2. Place order on 1st bar

      1. (Place vertical line on cross over)


    3. Place order on 2de bar (not recommended)
    4. 3de bar find other set up

      1. Conformation

        1. APB is red
        2. APB below EMA
        3. Stochastic is showing DOWN




  5. Buy

    1. Green cross Red from below
    2. Place order on 1st bar

      1. (Place vertical line on cross over)


    3. Place order on 2de bar (not recommended)
    4. 3de bar find other set up

      1. Conformation

        1. APB is blue
        2. APB above EMA
        3. Stochastic is showing Up




  6. ​​​


Next post: Analysing the chart before placing order

  • #67,396
  • Mar 24, 2016 10:26am Mar 24, 2016 10:26am
Quoting ensale
{quote} I will read it and study it.. thank you kind sir for your continued support and effort.. I wonder what next week brings in the markets.

Hi,

As usual I woke up to see how London session close and manage my trades. Tomorrow being a holiday, I close most of my open positions and not taking any chances with the long weekend.

Next week should be interesting like most month end trading week and days. We will see this month candle closing what I call shadow trading. The wicks of the candles are also known as shadows, so every MN candle will have its shadow next week.
Interesting pair to watch is EURUSD and NZDUSD.

Well, since we have the weekend ahead of us, we do our usual thing i.e. our top down analysis or I like to call it our Big Picture Planning and prepare for another battle next week.

Have Fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,397
  • Mar 24, 2016 10:34am Mar 24, 2016 10:34am
Quoting zegoncalves
Hello I'm trying the TDI in my traders and i' watching GBPUSD graph. It sims to be contradictory in H4 and D1: {image} {image} In H4 the signals maybe invoque a long trade but int de Daily justify a short trade. what's your opinion? thanks

Hi,

WELCOME to our TMS family.

When there is conflict between the different timeframes, I would follow the higher timeframe. I am a trend trader and usually like to hold my 4H trades for 2 to 4 days in the same.

But that is the trader's preference whether he/she wants to take counter trend trades. I know Big E being an aggressive trader and he would scalp on H4 setups too.
This is something you need to experience for yourself and develop yourself as an intraday trader, a swing trader and a position trader.

regards,

There is a trend in every timeframe.
Which 'trend' do you want to trade?

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,398
  • Mar 24, 2016 10:37am Mar 24, 2016 10:37am
Quoting Tekkies
Hey Folks This is and always will be BigEs trend. Just a newbie to other newbies. My trading was normally like this: I place a trade and immediately the market moves against me. Close losing trade, open new trade and the market moves against me again. The whole day. It was like if somewhere a very small man with a low IQ and personality of a sea slack is watching only me. When I place a trade he will notify one million traders to take oppose trade. No matter what I do. Wrote this to clear all the junk out of the only one brain cell I have Not here...
I like this post. Thank you Tekkie.

A recommended book to read over this long weekend for some.

Rob Bookers book title Adventures of a Currency Trader

http://www.forexfactory.com/showthre...70#post7998770

Enjoy!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,399
  • Mar 24, 2016 11:10am Mar 24, 2016 11:10am
Quoting emmanuel7788
{quote} You don't need to use CavManager CM when you trade H4 and above. You have plenty of time to manage your trades manually.
Hi, Emm!

Thank you!

Well, I actually think I could use CM during Asian, when I do my beauty sleep. I hate waking up in the middle of the night to check on trades.
  • #67,400
  • Mar 24, 2016 11:13am Mar 24, 2016 11:13am
Quoting emmanuel7788
EURAUD Mar 24 Yesterday EA rallied and end with BUOB D1 candle and now goes sideways. with that H1 WRB and TDI re-enters its VB. Do not chase after LO... maybe counter trend trade in lower TF. {image}

A nice H1 WRB trade opportunity. Did you misses that?

even in small range of 78pips consolidation you can pick up some pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar24 H1 WRB support n resistance.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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