Trading Made Simple | Page 4023 | 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

  • #80,441
  • Jun 29, 2017 1:05am Jun 29, 2017 1:05am
Quote
USDCAD June 29 review:

With only 2 trading days left this month, here is a quick review and perhaps we can prepare for next month's trading.
I know some harmonics traders in lower timeframe are calling for bullish reversal and started buying.
As it is now, I stand aside until I see the MN close and make my trade plan for July 2017

great trader



uc looking good back agian 1.3300


BoC Governor Poloz’s speech will be the most interesting since Draghi and Carney just spoke. The Canadian dollar rose to its strongest level in nearly 3 months versus the greenback in anticipation of hawkish comments. Oil prices also rose 2%, supporting the move in the loonie. On a technical basis, USD/CAD has broken through many support levels and appears poised for a move to 1.30. However given how far it has fallen in the past month and a half, even a hint of caution from Poloz and the USD/CAD could U-turn back to 1.33. The Australian and New Zealand ended the day unchanged versus the buck but NZD underperformed AUD as the country’s trade surplus shrank to 103 million from 536 million in May. Although disappointing, the drop came entirely from a rise in imports as exports also increased.
Euro Hits 9-Month Highs, Best Day In A Year
Attached Image (click to enlarge)
Click to Enlarge Name: Picture7.jpg Size: 217 KB
like to learn forex
  • #80,442
  • Jun 29, 2017 1:09am Jun 29, 2017 1:09am
Quoting PipsDearth
Hello, excuse my nooby post. But are HA candles important for this system? I'm not very familiar with them. I feel more comfortable looking at S/R on the normal candles you get in MT4. Thank you

Hi,

The HA candles as what Big E calls them are actually the Average Price Bar from the commercial system know as Synergy trading system. According to Big E, using the HA candles is less stressful. But that is not the case for me as I am used to seeing the price bar chart.

You can read about the HA short for Heiken Ashi candles at this old post:
https://www.forexfactory.com/showthr...68#post6649768

When we talk about Price Action and Support and Resistance, we use the real price bars or Japanese candlesticks. But because we use the APB/HA candles, I prefer to use the chart seen with the Price Bars over the APB/HA. ALL technical indicators calculate using the real price and not the APB/HA which itself is an indicator and also device from the real price Open, High, Low and Close OHLC.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,443
  • Jun 29, 2017 1:22am Jun 29, 2017 1:22am
Quoting emmanuel7788
{quote} Hi, The HA candles as what Big E calls them are actually the Average Price Bar from the commercial system know as Synergy trading system. According to Big E, using the HA candles is less stressful. But that is not the case for me as I am used to seeing the price bar chart. You can read about the HA short for Heiken Ashi candles at this old post: https://www.forexfactory.com/showthr...68#post6649768 When we talk about Price Action and Support and Resistance, we use the real price bars or Japanese candlesticks. But because...

Hello,

Thank you for the link. I will be sure to have a read.
I might try this system but without the HA, see how I fair.
  • #80,444
  • Jun 29, 2017 1:40am Jun 29, 2017 1:40am
Quoting Deichkind
{quote} you mean :Am I in or close to a consolidation area ? I'm also in USDCAD and have taken 3/4 from my position on the monthly swing level and leaving 1 position open, If it did not work I still have a small profit left over, but when price will break through the line and closed on daily below this level I will start again with building a position with MEME, next goals will be 1.2850 and 1.2600. {image} regards

'consolidation' is something which Big E mentioned at least 30 times in all his posts.
Do Not trade consolidation is one of several key points to avoid losing trades.

The other key point is support and resistance. he did not used any kind of indicators. All he did was looked at was at the previous price action (he said look to the left of your charts), those swing highs and swing lows, big candles, small candles, the '00' levels, etc. when he was trading H4 timeframe.

You USDCAD trades were very good ones. You saw the Double Inside Bars setup which is consolidation, your entry was the breakout candle of the consolidation and fit perfectly, it closed below the PAC, below the Yellow and below the TDI 50-level. In my own words, its a A+++ trade setup. Right?
Attached Image (click to enlarge)
Click to Enlarge Name: Deichkind USDCAD trade.png Size: 754 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,445
  • Jun 29, 2017 3:21am Jun 29, 2017 3:21am
Good morning.
AJ ran nicely.
I added during the retrace 4 more positions.

I won t add some more and scale it.
Just let it run and decide on sunday after my BP analyses to keep it or kick it out.

Stay tuned
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily 29.6..png Size: 60 KB
Risiko birgt immer auch die Chance.
  • #80,446
  • Jun 29, 2017 4:54am Jun 29, 2017 4:54am
I've been so busy with work etc for the past 2 weeks I haven't been able to dedicate as much time as i'd like to fx... Reading this makes me really jealous that i've missed out on all these big moves!

Has anyone managed to get TMS working from a mobile at all? That would be the absolute dream as then I would be able to get way more hours in throuhgout the day
  • #80,447
  • Jun 29, 2017 5:17am Jun 29, 2017 5:17am
Quoting Seshwaan
I've been so busy with work etc for the past 2 weeks I haven't been able to dedicate as much time as i'd like to fx... Reading this makes me really jealous that i've missed out on all these big moves! Has anyone managed to get TMS working from a mobile at all? That would be the absolute dream as then I would be able to get way more hours in throuhgout the day

FAQ, here is the old post:

https://www.forexfactory.com/showthr...87#post8414087

if you do a forum search using keyword 'mobile android' you will find quite a number of old posts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,448
  • Jun 29, 2017 5:21am Jun 29, 2017 5:21am
Quoting emmanuel7788
{quote} 'consolidation' is something which Big E mentioned at least 30 times in all his posts. Do Not trade consolidation is one of several key points to avoid losing trades. The other key point is support and resistance. he did not used any kind of indicators. All he did was looked at was at the previous price action (he said look to the left of your charts), those swing highs and swing lows, big candles, small candles, the '00' levels, etc. when he was trading H4 timeframe. You USDCAD trades were very good ones. You saw the Double Inside Bars...
Yes, this was a A+++ setup, I like setups were price break out of the MC/MotherBar/Outside Bar and shows an entry on PAC/TDI. At this setup all things were perfect, I also like when on TDI all lines are under 50 in correct order - green/red/yellow/50.

Attached Image


best regards
  • #80,449
  • Jun 29, 2017 5:27am Jun 29, 2017 5:27am
Quoting pivot100
{quote} great trader uc looking good back agian 1.3300 BoC Governor Polozs speech will be the most interesting since Draghi and Carney just spoke. The Canadian dollar rose to its strongest level in nearly 3 months versus the greenback in...
I love to read those experts analyst 'fundy' talk.

but on the technicals side,

the minimum number of price bars/candles for a bullish reversal at key support on D1chart timeframeis minimum 3 bar/candles, or 5 is better.

on W1, I need only to see 2 bars/candles.

when I see any of them, I will post and we all can make money together.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,450
  • Jun 29, 2017 9:33am Jun 29, 2017 9:33am
Hi emmanuel, can you share pipware multi time frame indicator for mt4? I cant get it from website. Thanks
  • #80,451
  • Jun 29, 2017 10:53am Jun 29, 2017 10:53am
Dear eelfranz,
I am about to test on a demo account your system. I have some doubt... this system trades countertrend (I mean the short trend), without checking a longer trend. The TDI green and red lines are essentially (if I am not wrong), the RSI and his moving average. So it could be named RSI crossovers.
Oscillators crossovers work better in a trading range market, but here we avoid, rightly, this market.
Enter at the END of a pullback, in the direction of the (bigger) trend is a classic system, but, as always, nobody knows if this should be a pullback, or the starting of a trading range, or even the start of a new , reversal, trend.
Here we enter at the START of a pullback , without checking the bigger trend ! This will obtain a "better price" for the trade, unless the underlyin bigger trend will crush us. I feel that trading at the crossover, "against" the current trend, is a bit dangerous...
I suspect that your big results depend essentially on a DEEP knowledge of the market, that you own ! You are quickly to exit when you "smell" that the trade doesn't work (flattening of the green line), you "check" all classical stuffs as S/R, trading range, little candles, the angle of the crossover not right (not 0-2 or 4-6) and MANY other things that you can't transmitt to a newby trader like me !
Experience, of course, but also a subconscious feeling for the market. The probe is that this system is impossible (I think) to put into an automatic system (robot), and so it's impossible to back test it !
You could say "check my account !", but I'll replay "check mine !".
There is a big "discretional" part into the system, (though the entry rules are clear), which is when DO NOT enter.
Also the EXIT, which I think, is the more important thing of a trade, isn't clear.
On the first post you wrote about your early years of bad trading, but I repeat that I suspect that your actual big results depends (mainly) on your great knowlege of the market, not because the system is good.
Let me specify, I think your system IS great, particulary the rule of entering on the crossover red/green IF it happens at the first or second change of the candle colour, and also the "angle" rule avoids a lot of incertain trades, but I am sure I'll will obtain bad results on my demo account, until I'll reach a little part of your BIG knowledge.
Sorry for my bad english, with estimates
  • #80,452
  • Jun 29, 2017 11:07am Jun 29, 2017 11:07am
AUDCHF short on H4
Hakuna Matata
  • #80,453
  • Jun 29, 2017 11:08am Jun 29, 2017 11:08am
Quoting Yamazaki
Hi emmanuel, can you share pipware multi time frame indicator for mt4? I cant get it from website. Thanks
try it.
Attached File(s)
File Type: ex4 pipware-charts.ex4   71 KB | 389 downloads
  • #80,454
  • Edited 12:12pm Jun 29, 2017 11:33am | Edited 12:12pm
Hi everybody,

I open a new demo account today to have only result about TMS.
As you demand Emmanuel, i start also reading BigE posts about it.

As i said on a previous post i'm a newbie and some things are very new for me.

So can you help me to see if i understand correctly things :

For interface
=========
1 - The choice of only 8 pairs is to get possiblity to have a readable overview of chart whithout need mega glasses.
2 - Some of us use TDI indicator with all line but BigE said GREEN and RED one are sufficient.

For technical
=========
1 - 4H trading during night to not be impact by news and 1H for day trading.
2 - We enter on the 1st or 2nd HA candle if GREEN CROSS RED on TDI (Real crossing). We do not enter on 3d or plus because trend goes on 3 to 8 candle; So there're probaility od reversal on the 3rd is high. Enter on the 2nd allow to gain 1 candle at least on the trend.
3 - We need to look at angle of GREEN/RED crossing also to have more chance to be on a strong trend
4 - We do not entry long if TDI near 68 and we do not entry short if TDI near 32
5 - The stochastic must follow the trend direction
6 - The TDI Market Base Line must follow the trend direction if you use it.
7 - The entry candle size must be greater than the previous candle (1 or 3 left previous candle ?)
8 - Entry at begining of candle. We suppose that the trend will continue in the same way as the previous one at least during some time.

For me
=====
1 -As i've some problem to identify pullback, i've had MACD double line on my chart. Apparently the macd line only crossed when we are on/near a real reversal or consolidation (two lines horizontal)

Following all this rules (except the 8 pairs), here is a screen shot.

Thanks for help.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 67 KB
  • #80,455
  • Jun 29, 2017 12:10pm Jun 29, 2017 12:10pm
Quoting Windounet
Hi everybody, I open a new demo account today to have only result about TMS. As you demand Emmanuel, i start also reading BigE posts about it. As i said on a previous post i'm a newbie and some things are very new for me. So can you help me to see if i understand correctly things : For interface ========= 1 - The choice of only 8 pairs is to get possiblity to have a readable overview of chart whithout need mega glasses. 2 - Some of us use TDI indicator with all line but BigE said GREEN and RED one are sufficient. For technical ========= 1 - 4H trading...
Hi,
read read....
facile à comprendre.Use TDI real time
Attached File(s)
File Type: pdf RSI-The Complete Guide-John Hayden.pdf   6.7 MB | 3,639 downloads
File Type: ex4 TDI_RT.ex4   16 KB | 346 downloads
File Type: mq4 TDI_RT.mq4   9 KB | 377 downloads
  • #80,456
  • Jun 29, 2017 12:22pm Jun 29, 2017 12:22pm
"Bonjour Kiki"

Thank for book.
I'm going to have lot of studying case during my holidays
  • #80,457
  • Jun 29, 2017 3:39pm Jun 29, 2017 3:39pm
Quoting emmanuel7788
{quote} well, it took me 18 months of live market trading as practice to become proficient and comfortable with the ME/ME money management strategy. Tried all sorts of things including martingale position sizing and that really kill small trading accounts. But I learned, that is most important. it may or not not need that long time for different traders with more experience than I. I know a trader from Singapore who learned it and he has a very good grasp of the money management, and he got trading with ME/ME working in less than 6 months. I know...
Hi Emm,
For trading the weekly setups (D1 entries) we use 0.5 x atr100 for basket order spacing and, cutloss at 2 x daily atr100 from the 10ema. TP at 0.5 x atr100 above average entry.

Can you just please confirm to me what basket order spacing, cutloss, and TP you use for D1 setups (H4 entries)?
Thanks
  • #80,458
  • Jun 29, 2017 4:27pm Jun 29, 2017 4:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: week1.jpg Size: 285 KB
Hi
My first week1 daily and H4
I try to a trader
My goal this week was
1.low dd
2.just daily and H4
3.all my trade with PASR
4.me/me money management ( but I close my trade after 50% of daily rang and my profit very low)
5.post some of my trade
6.keep going until get a profit
Thanks Attachment g
Attached Image (click to enlarge)
Click to Enlarge Name: week1.gif Size: 7 KB
  • #80,459
  • Jun 29, 2017 5:17pm Jun 29, 2017 5:17pm
I have made this little script that will:
- Activate all 28 pairs in the Market Watch window
- Open a chart for each of the 28 currency pairs

I created this for the thread "Low Risk Stress Free Trading" but might be useful for some in this thread as well.
Saves a lot of time

Attached File(s)
File Type: mq4 Open28Pairs.mq4   3 KB | 432 downloads

Attached File(s)
File Type: ex4 Open28Pairs.ex4   7 KB | 364 downloads
  • #80,460
  • Jun 29, 2017 8:07pm Jun 29, 2017 8:07pm
Quoting kiki215fr
{quote} try it. {file}
Thanks kiki215
97 traders viewing now, 1 is registered:
kola.bear020