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Trading Made Simple 148,107 replies

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Attachments: Trading Made Simple(r)
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Trading Made Simple(r)

Quoting Bb298
Hi everyone, First post, I've just read the thread, And now having a go a loading the indicators onto my meta4 platform. I'm having issues with getting it all set up? Anyone else have problems. I RMC on the open page and click template, Using #1 (From the first page of this thread). However it does not appear to be the same as everyone else has/use. Hope all is well,
Did you close down mt4 and restart it after downloading in to the relevant folders?
Ugh, your going to laugh. It's working now.
Thanks all!

Cracking thread by the way, Really enjoyed reading it and re-reading it again now.
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Many thanks to Swingman for the Dashboard, It is fantastic,

I realised that the Big E. Original TDI Cross green/red is usually an advanced indicator to the crossover TDI(r). Becareful that TDI usually gives more fake signals and you should filter a lot (clock rules, previous candles sizing, big candle signal, previous swings..).

It will be perfect IF we can have in the dashboard the TDI green/red cross.

I am totally new in metatrader ( I am using proreal) but if you can give us the MQ4 I can try to incorporate it. Many thanks.
Update : AU continuation stopped out at -1R

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Detach yourself from the value of money - Mr. Pip
Quoting emmanuel7788
{quote} Hi, I know you are being very polite but please do not address me as 'sir'. Back in 2011-2013 period, many TMS traders were struggling with low win rates around 40%+/- when they tried trading like the way the OP did with aggressive single entry / single exit without understanding why the OP would exit his trades when price pull-back 15 to 20 pips. A few of us got together and worked on developing TMS-II which one of its goal was to improve the overall win rate and to help build confidence in the trading methodology leading to a winning system....
Thank you very much emmanual. Yes my trade management was to move my SL to the high of 2 candles back regardless of whether a new lower low was made. I believe you're right, I shall now only move my 2 candle high SL once a new lower low is made.

Regarding your TMS-II trade management, does it also require the 2 candle SL trail? Or just follow according to your pdf?
Detach yourself from the value of money - Mr. Pip
USD/CAD long any good?
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Quoting Supreme1394
{quote} Thank you very much emmanual. Yes my trade management was to move my SL to the high of 2 candles back regardless of whether a new lower low was made. I believe you're right, I shall now only move my 2 candle high SL once a new lower low is made. Regarding your TMS-II trade management, does it also require the 2 candle SL trail? Or just follow according to your pdf?
Hi

Regarding your TMS-II trade management, does it also require the 2 candle SL trail?

NO. When I use R and R-Multiple trade management as described in the pdf I do not use the Trail_By_Prev Candle High/Low.

The Trail_By_Prev Candle High/Low is a feature in THV CaveManager not TMS-II.

Now review your AUDUSD trades - 2 consecutive losses, do these affect your confidence?

Your sell bias decision is the higher probability one, but those entries do not show any price momentum which is key when we use 2 Stochs and 1 RSI.

Now AUDUSD shows a better trade setup opportunity , look at both the Stochs and RSI, but there is risk at this hour of the NY session.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Time of the week to look at COMMOD pairs - AUD, CAD and NZD...

Pick only the best setups, do not be greedy and overtrade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
Time of the week to look at COMMOD pairs - AUD, CAD and NZD... Pick only the best setups, do not be greedy and overtrade.
Can you elaborate please. is it the same every week? First week of the month maybe
EURGBP

Stalking EURGBP for Continuation Entry at NY Close.
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Trade well.
AUDUSD
Keep your eyes on this one. Wait for NY Close.
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Trade well.
EURAUD
A picture says a 1,000 words.
Wait for the stars to align.
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Trade well.
Quoting 40PipsAlan
{quote} Can you elaborate please. is it the same every week? First week of the month maybe
NO. It has nothing to do with the day of the week or week of the month.

I follow the commodities futures market and forex liquidity, I use forex and hedge my positions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting krismitt
EURGBP Stalking EURGBP for Continuation Entry at NY Close. {image} Trade well.

lots of room from 9200 to 9600 then maybe 9900. Good job Boris Johnson
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Trading Made Simple(r)

I've had two losses this week. None was compliant with my trading System. To be clear, I have used this Methodology to create my own Trading System.

I Shorted USDCAD, not a Pair I usually Trade and further, it did not satisfy the Entry Conditions for my System; got stopped out.
I bought GBPUSD. It did not satisfy the Entry Conditions for my System; also got stopped out (2 Candle Stop).

Emmanuel has posted this Chart in every Thread that I have seen his posts and he has posted it repeatedly. I have been using it since I first saw it. In this thread, he has commented as follows

"Know which timeframe and the swing you want to trade ...."

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In my Trading Made Simple(r) System (my adaptation of this methodology), I trade the Weekly Trend, with H4 or D1 Entries. Neither of the 2 loosing trades met the conditions.

Not sure why I'm posting this, except that I feel quite silly taking those trades and I'm perhaps Calling Out Myself for not playing by my own rules!.

Trade well.
Quoting krismitt
Trading Made Simple(r) I've had two losses this week. None was compliant with my trading System. To be clear, I have used this Methodology to create my own Trading System. I Shorted USDCAD, not a Pair I usually Trade and further, it did not satisfy the Entry Conditions for my System; got stopped out. I bought GBPUSD. It did not satisfy the Entry Conditions for my System; also got stopped out (2 Candle Stop). Emmanuel has posted this Chart in every Thread that I have seen his posts and he has posted it repeatedly. I have been using it since I first...

Maybe you can tell us your methology differences?
Quoting krismitt
Trading Made Simple(r) I've had two losses this week. None was compliant with my trading System. To be clear, I have used this Methodology to create my own Trading System. I Shorted USDCAD, not a Pair I usually Trade and further, it did not satisfy the Entry Conditions for my System; got stopped out. I bought GBPUSD. It did not satisfy the Entry Conditions for my System; also got stopped out (2 Candle Stop). Emmanuel has posted this Chart in every Thread that I have seen his posts and he has posted it repeatedly. I have been using it since I first...
Hello krismitt

for higher timeframes, count the 4H candles to get the right MA

you already use 6MA for the daily
weekly=30 candles=30SMA
monthly=120 candles=120SMA

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this will give you a sense of direction, Sup/Res for the higher timeframes

a representation of Emmanuel chart you used.

hope it help
"the public is not yet ready for it" W.D. GANN
EA H4 long continuation trade

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Detach yourself from the value of money - Mr. Pip
or maybe AU forming on H4 !?
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Quoting emmanuel7788
{quote} Hi Regarding your TMS-II trade management, does it also require the 2 candle SL trail? NO. When I use R and R-Multiple trade management as described in the pdf I do not use the Trail_By_Prev Candle High/Low. The Trail_By_Prev Candle High/Low is a feature in THV CaveManager not TMS-II. Now review your AUDUSD trades - 2 consecutive losses, do these affect your confidence? Your sell bias decision is the higher probability one, but those entries do not show any price momentum which is key when we use 2 Stochs and 1 RSI. Now AUDUSD shows a better...
Yes it does affect my confidence, feels like its going to range a little. How do we determine momentum? From the stochs and rsi? I feels its kinda subjective, cause if we see AUDUSD for last week, stock and rsi was also flat lining, but price was moving downwards very nicely.
Detach yourself from the value of money - Mr. Pip
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