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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 system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #82,061
  • Sep 19, 2017 6:52pm Sep 19, 2017 6:52pm
GBPCAD Sep 20,

so far, 310 pips from the last setup HA entry.
now hit PPA resistance and BRN 1.6600 CONFLUENCE.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 38 Sep 20 hit R.png Size: 65 KB


Caution with the TDI Green going outside the VB, when it re-enters the VB, what tends to happen?

PPA = Previous Price Action
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,062
  • Sep 19, 2017 7:04pm Sep 19, 2017 7:04pm
EURGBP Sep 20 .. after a very good run, is this the start of consolidation?

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Sep 20 big candle.png Size: 54 KB


if today does not trade above or below that Thursday big candle, then we have a MC[3].

that is potential breakout trade ahead of us. Cannot say it will be this week or next, but wait for the MC to form first.

notice the TDI Green re-entering the VB?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,063
  • Sep 19, 2017 7:09pm Sep 19, 2017 7:09pm
USDJPY Sep 20 PPA resistance and BRN 112.

Buying add-on continuation and wait for exit HA change colour.

Always use Money Management and %Risk

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Sep 20 PPA R BRN 112.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,064
  • Sep 19, 2017 7:13pm Sep 19, 2017 7:13pm
COMMOD Crosses - pick any one! which one?

1)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Sep 20.png Size: 54 KB


2)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Sep 20.png Size: 53 KB


3)
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD Sep 20.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,065
  • Sep 19, 2017 8:37pm Sep 19, 2017 8:37pm
Good evening to everyone!

I wish I could have posted earlier.

I try to avoid FF since the start of this year, nevertheless I just want to comment, that today [September 19], the thread starter Eric a.k.a eelfranz would have been 70 years old if he was alive.

And I just want to show some appreciation to him in his thread, though I don't trade with TMS anymore, it was the first method I used when I began learning about FX, so I have a great respect for the TMS community, and it was a pleasure to meet some very wise people here like Emmanuel and others.

Thank you Eric Franz!!!

and thanks to everyone!

Wish you success in your trading careers.

Alan
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Eelfranz.png Size: 232 KB
Click to Enlarge Name: Eelfranz2.png Size: 217 KB
  • #82,066
  • Sep 19, 2017 8:59pm Sep 19, 2017 8:59pm
Quoting emmanuel7788
COMMOD Crosses - pick any one! which one? 1) {image} 2) {image} 3) {image}
I would avoid the NZD pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD.png Size: 7 KB
  • #82,067
  • Sep 19, 2017 11:16pm Sep 19, 2017 11:16pm
Quoting emmanuel7788
EURCAD Sep 20 D1 valid setup with HA close above PAC. PAC last 4/6 slope angle is good. TDI moderate. {image}
Hmm. sits now in front of a historical monthly swing. imo I will wait for a "sell"-PA on this SR-Zone and see if there's a valid sell setup next days, maybe with good chance to take an MEME trade. best will be when it closes under 1.4450??

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.JPG Size: 116 KB


regards
  • #82,068
  • Sep 20, 2017 3:00am Sep 20, 2017 3:00am
Quoting emmanuel7788
when it re-enters the VB, what tends to happen?
Consolidation?
  • #82,069
  • Sep 20, 2017 3:15am Sep 20, 2017 3:15am
Quoting cce
WhatFx, Threw on a quick 4h chart here to show how simple entries can be... All are 1st or 2nd candle entries... The same setup applies to lower or higher TF's as well... Shows a clear cross in each example... SL can be last HH or LL if left unmonitered... If monitoring, then the TDI green line's movement will get you out of a Ranging Market as it begins, i.e., it will flatten and or hook signaling to close the trade.... The 5 EMA helps to show direction and strength of the market, kind of like a line in the sand... Results for this trading approach...
Hi, where can I dl the template?
  • #82,070
  • Sep 20, 2017 3:32am Sep 20, 2017 3:32am
Quoting hzs10
{quote} Hi, where can I dl the template?
First page. First post, then indicators are posts 14 and 15 for the way eelfranz traded.
  • #82,071
  • Sep 20, 2017 6:16am Sep 20, 2017 6:16am
EURJPY Sep 20 D1 chart.

Slow market today ahead of FOMC later during the NY session ... about 7 hours time.

Question is do we take the profit and walk away or wait for the HA to close and see if that change in colour for exit.

or where do you want to move your SL before FOMC and fight it.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Sep 20 HA exit candle.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,072
  • Sep 20, 2017 6:20am Sep 20, 2017 6:20am
Quoting darko2010
{quote} Consolidation?
we shall see what happens in a few days.

now GBPCAD - buyers and sellers are fighting at 1.66000
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,073
  • Sep 20, 2017 6:23am Sep 20, 2017 6:23am
Quoting emmanuel7788
EURUSD Sep 20 tested 1.2000 twice yesterday, today possible Buy 1.2000 SL 2 days low 1.1900, TP 1.2100 {image}

I just cut my buy positions at 1.2000 and wait till FOMC over. Most likely FOMC will be pro-USD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,074
  • Sep 20, 2017 6:45am Sep 20, 2017 6:45am
EURNZD selling the rallies until the elections this Saturday.

Just closed one more positions, total 215 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Sep 20 trades closed 215pips.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,075
  • Sep 20, 2017 7:07am Sep 20, 2017 7:07am
Hey guys was wondering if this was a trade worth taking for a sell USDCAD, will like you guys to show me anything I may not be seeing. I see major downtrend on the H4 and Daily, it met some resistance around the 1.234 area on the H4 and slowed, the H4 candle is outside the PAC and the green rsi on the TDI is visibly sitting on the yellow.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 61 KB
  • #82,076
  • Sep 20, 2017 7:17am Sep 20, 2017 7:17am
Quoting emmanuel7788
EURNZD selling the rallies until the elections this Saturday. Just closed one more positions, total 215 pips. {image}
May I know what is the yellow line in the TDI for?
  • #82,077
  • Sep 20, 2017 7:18am Sep 20, 2017 7:18am
Quoting Bizkit
Hey guys was wondering if this was a trade worth taking for a sell USDCAD, will like you guys to show me anything I may not be seeing. I see major downtrend on the H4 and Daily, it met some resistance around the 1.234 area on the H4 and slowed, the H4 candle is outside the PAC and the green rsi on the TDI is visibly sitting on the yellow. {image}
Ya, I saw this too, if you have entered on open of current candle u will be earning abt 30pips by now
  • #82,078
  • Sep 20, 2017 7:28am Sep 20, 2017 7:28am
audjpy
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYmicroDaily.png Size: 48 KB
  • #82,079
  • Sep 20, 2017 7:42am Sep 20, 2017 7:42am
this can be used on any currency pair? any pair not recommended or recommended?
  • #82,080
  • Sep 20, 2017 7:57am Sep 20, 2017 7:57am
Quoting hzs10
this can be used on any currency pair? any pair not recommended or recommended?
Hi,
basicly it works on every pair.

For the first steps(in your case) I would have a proper watch what the other traders do and try to figure out what they see.

You´ll find all the indicators of every thread on the right corner.. click on the paperclip and cou can download them for free.

It´s a very long thread, most questions got answered over and over again..
Just read a couple of pages and you get more answers than you have questions yet.

Stay tuned
Guido
Risiko birgt immer auch die Chance.
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