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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

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Trading Made Simple

  • #80,641
  • Jul 6, 2017 7:07pm Jul 6, 2017 7:07pm
Quoting zonalmarking
Hi Emmanuel, I am on the EST time zone. Regarding h4 trading, can setups be taken at any time or should I only be looking to trade them during Late Asian session like Big E mentioned?

Hi,

If you are trading strictly H4 only, then not trading on Sunday when NY open is a good idea.
reason is most weekend we see price gaps and the TDI is based on price setting you chose. The TDI in all cases of the price gaps will be wrong to follow. It take many price bars for the TDI to 'correct' itself.

The other reason not to trade the NY Sunday open and the early morning session of Tokyo is also the market liquidity is usually low for some currency pairs.
I trade AU , AJ and UJ as the only exceptions but only using H1 and M15. Best thing to do is wait until Tokyo finish their lunch time and that would be 2~3 hours before London session opens. depends on DST.

Not trading H4 on Friday after London session closed is also a good rule.

Always good to know the various market sessions open and close times of the day and have them synchronize with your local time and your trading hours.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,642
  • Jul 6, 2017 7:38pm Jul 6, 2017 7:38pm
Quoting emmanuel7788
{quote} Hi, In the 10-year data back-testing, the SL was based on PA, - for reversals, use the last swing high or swing low - of use the opposite side of the PAC or the most recent 2 bar look back high/low these are very safe for initial SL. We completed the 10-years back-test also for the EURxxx and GBPxxx crosses, to know the number of trades count based on the HA, PAC and TDI mechanical rules for entry and exit. Below is a screen shot of the results. {image}
Thanks for the quick reply!

I assume all pairs were profitable? Do you have the total pips won as well I don't see that column?
Successful people do what unsuccessful people are not willing to do
  • #80,643
  • Jul 6, 2017 7:39pm Jul 6, 2017 7:39pm
Quoting emmanuel7788
Caution folks! There is G20 meeting going on and market is reacting. Confidence in EURxxx but how long will that last? Smart money love such events. Do Not hold trades over this weekend unless you have profits protected. Why not just take what the market has given you and walk away and enjoy your weekend. come back on Monday and continue to play again.
Thanks just went long EN a few hours again based on the D TF...... May have to reevaluate that position!
Successful people do what unsuccessful people are not willing to do
  • #80,644
  • Jul 6, 2017 10:04pm Jul 6, 2017 10:04pm
Quoting emmanuel7788
{quote} Hi, In the 10-year data back-testing, the SL was based on PA, - for reversals, use the last swing high or swing low - of use the opposite side of the PAC or the most recent 2 bar look back high/low these are very safe for initial SL. We completed the 10-years back-test also for the EURxxx and GBPxxx crosses, to know the number of trades count based on the HA, PAC and TDI mechanical rules for entry and exit. Below is a screen shot of the results. {image}
Very agree Emm, yesterday, im studying old chart for SL, im studying SL using PAC opposite side, and also PAC trend exit, it give very good result, thanks for share these data backtesting Emm
  • #80,645
  • Jul 6, 2017 10:10pm Jul 6, 2017 10:10pm
Quoting emmanuel7788
{quote} Hi, If you are trading strictly H4 only, then not trading on Sunday when NY open is a good idea. reason is most weekend we see price gaps and the TDI is based on price setting you chose. The TDI in all cases of the price gaps will be wrong to follow. It take many price bars for the TDI to 'correct' itself. The other reason not to trade the NY Sunday open and the early morning session of Tokyo is also the market liquidity is usually low for some currency pairs. I trade AU , AJ and UJ as the only exceptions but only using H1 and M15. Best...
"then not trading on Sunday when NY open is a good idea"

this is if my broker have sunday candle?
im sorry for asking this newbie question
Btw, thanks for this information Emm
  • #80,646
  • Jul 7, 2017 2:32am Jul 7, 2017 2:32am
"
Quoting emmanuel7788
USDCAD Week 27 Jul 07 review & update: Looks like the recent down move has ended with Tuesday' Wide Range Bar and now it is the Mother Bar of Wednesday' Inside Bar. Also yesterday' was a small range bar hence potential we may have a Master candle[3] if today does not trade out of the WRB High or Low. Currently H4 potential buy setup but the risk is the short term resistance above current PA and reaction at the BRN 1.3000. Its Friday, I avoid taking an H4 swing trade and any trade will be closed by London session closing today. {image} {image}
"

Hi emmanuel7788, nice job you do here, i do like to ask if you always close every trade on firday, every week, as you do not carry trades over to the following week.
  • #80,647
  • Jul 7, 2017 5:26am Jul 7, 2017 5:26am
Quoting carbonado
"{quote}" Hi emmanuel7788, nice job you do here, i do like to ask if you always close every trade on firday, every week, as you do not carry trades over to the following week.

Hi,

Yes, that's correct. For 4H swing trading I do close all my trades on Friday when London session closes. Only exception is when I can convert those trades to D1 Position trades with profit locked.

Today is notorious NFP in about 2 hours, better take what the market gave me and walk away. Come back next week and play again. For those in USDCAD trades, its going to volatile, so watch out.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,648
  • Jul 7, 2017 5:33am Jul 7, 2017 5:33am
EURAUD Week 27 Jul 07 pre-NFP

Nice rally this week and having exceeded 60% of its Average Weekly range if 230 pips, it pulls back from RN 1.5050.
Weekly and Daily bulls still very much in control so do not sell until we see higher TF selling.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 27 Jul 07 pullback.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,649
  • Jul 7, 2017 5:34am Jul 7, 2017 5:34am
For once I finally caught a break with this system. I've found it very difficult to be on the positive side. I've read all of the linked posts of eelfranz's comments and a hundred pages or so, but so far I've had more losses than anything else. Partly my fault as I kept waiting for one order to turn, which it never did. I know better than that. This is at 5:30 p.m., Thailand time... which is 3:30 a.m Pacific time.

I live in Thailand where the London session begins at 2 p.m. and the NY session beginning at 7 p.m, still trying to trade the green/red crosses, using the daily, H4, and H1 as guides.
Attached Image (click to enlarge)
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  • #80,650
  • Jul 7, 2017 6:59am Jul 7, 2017 6:59am
Quoting mortezakh
Update EURCAD Me/me money management Start me1 {image}

hi m8.

would it be possible to guide/share me the template or indi arrangement u have in the chart?

thank you.
  • #80,651
  • Jul 7, 2017 9:01am Jul 7, 2017 9:01am
Dear folks.

TMS multiple entry, here a single exit.
TP reached with 4 orders each around 400 pips.

Insurance Model.

Stay tuned + a happy weekend

Guido
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYDaily 7.7..png Size: 72 KB
Risiko birgt immer auch die Chance.
  • #80,652
  • Jul 7, 2017 9:15am Jul 7, 2017 9:15am
Quoting TampaFX
{quote} Thanks just went long EN a few hours again based on the D TF...... May have to reevaluate that position!
Tampa,

Two master candles are noted, showing consolidation area.
I put grayed area in to emphasize lenght of area can be more than 4 bars marked.
The breakout is a close above or below gray area.

Think about what happens in a consolidation area. Some body is accumulating
or dispersing "stock".

Best to you partner

Frank

https://www.forexfactory.com/attachm...6&d=1499436869
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-d1-forex-capital-markets.png Size: 19 KB
  • #80,653
  • Jul 7, 2017 9:22am Jul 7, 2017 9:22am
Quoting slc12312
For once I finally caught a break with this system. I've found it very difficult to be on the positive side. I've read all of the linked posts of eelfranz's comments and a hundred pages or so, but so far I've had more losses than anything else. Partly my fault as I kept waiting for one order to turn, which it never did. I know better than that. This is at 5:30 p.m., Thailand time... which is 3:30 a.m Pacific time. I live in Thailand where the London session begins at 2 p.m. and the NY session beginning at 7 p.m, still trying to trade the green/red...
slc and friends as you see Emanuel refers so many time on 200 vs 50 Ma croos starting from daily down to 1H take trades only in direction of these 2 MA cros until i have done these i have found myself lost in jungle.... i have read 1 article in wich someone have tested these ma-s on #SPY chart on daily candles for 2016 win rate was 83%
Attached Image (click to enlarge)
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  • #80,654
  • Jul 7, 2017 9:31am Jul 7, 2017 9:31am
I`ve opened a new account this week to test the Trading Made Simple EA ... but it didn`t work too well! From 5000 the account reached @4400!
Then i`ve found the Monitor for 'Trading Made Simple' system (https://www.forexfactory.com/showthread.php?t=303347) and traded manually!

2 big loss -- but it`s ok! Stop loss reached!

@emmanuel7788 in this thread i only found v1.1 of the Monitor .. is there any other version of this EA?

if yes .. can you post a link where i can find it?

Thanks,
Andrei
Attached Image (click to enlarge)
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  • #80,655
  • Jul 7, 2017 11:16am Jul 7, 2017 11:16am
Quoting Frank0
{quote} Tampa, Two master candles are noted, showing consolidation area. I put grayed area in to emphasize lenght of area can be more than 4 bars marked. The breakout is a close above or below gray area. Think about what happens in a consolidation area. Some body is accumulating or dispersing "stock". Best to you partner Frank https://www.forexfactory.com/attachm...6&d=1499436869 {image}
Thanks I saw that as well but it's not part of my strategy therefore I dismissed it. I do agree there is a lot of resistance so well see.... I took the trade per my rules without second guessing it.
Successful people do what unsuccessful people are not willing to do
  • #80,656
  • Jul 7, 2017 12:06pm Jul 7, 2017 12:06pm
Hi Emm !!!
I'm looking for indicators that handle many opened possitions with ADR S/L , BE and TP, for Me/Me method.
I can't find your previews post about that issue ... and LOL they are tooo many replies !!! 15.000 +++

Thank you sir in advance
  • #80,657
  • Jul 7, 2017 8:33pm Jul 7, 2017 8:33pm
Quoting Sesamstrasse
Dear folks. TMS multiple entry, here a single exit. TP reached with 4 orders each around 400 pips. Insurance Model. Stay tuned + a happy weekend Guido {image}
Amazing stuff Guido , keep it up
I Have Learned to Take Some Losses to Make Profits
  • #80,658
  • Jul 8, 2017 5:06am Jul 8, 2017 5:06am
Quoting Mattse
Hi Emm !!! I'm looking for indicators that handle many opened possitions with ADR S/L , BE and TP, for Me/Me method. I can't find your previews post about that issue ... and LOL they are tooo many replies !!! 15.000 +++ Thank you sir in advance
You will find in the 343 attachments in my profile.
For Multiple Entries Multiple Exits, use forum keyword search and you don't need to read all 15,000 posts. You can read post from 2015 till current.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,659
  • Jul 8, 2017 5:10am Jul 8, 2017 5:10am
Quoting andreiu
I`ve opened a new account this week to test the Trading Made Simple EA ... but it didn`t work too well! From 5000 the account reached @4400! Then i`ve found the Monitor for 'Trading Made Simple' system (https://www.forexfactory.com/showthread.php?t=303347) and traded manually! 2 big loss -- but it`s ok! Stop loss reached! @emmanuel7788 in this thread i only found v1.1 of the Monitor .. is there any other version of this EA? if yes .. can you post a link where i can find it? Thanks, Andrei {image}

The version TmsMonitor-v1.1 is the latest version by Arbinka. This follows the original use of the 5EMA, Typical Price,Shift+3 and TDI Red Green.
https://www.forexfactory.com/showthr...68#post8753868
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,660
  • Jul 8, 2017 5:54am Jul 8, 2017 5:54am
Quoting emmanuel7788
{quote} You will find in the 343 attachments in my profile. For Multiple Entries Multiple Exits, use forum keyword search and you don't need to read all 15,000 posts. You can read post from 2015 till current.
Thank very much Emm!
I'll try it !!!
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