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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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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

  • #82,701
  • Oct 23, 2017 11:21am Oct 23, 2017 11:21am
Quoting lisat
{quote}The TMS watchdog is an excellent indicator for being alerted in the way Eelfranz used the tdi, I use it a lot but you need to have it so it does not refresh the last bar and try not to change the timeframe you want an alert for. Also, as always take into account S/R and whether or not as eelfranz said himself make sure there is a clear cross of the red line, not just touching it, if you take those into account it is a great indicator.

I think watchdog tells you on the right panel usually when there is a cross?

i'm starting to think maybe i shouldn't have taken the h4 eurusd trade now, it's pulling back a fair bit, but then again the pullback only started in the hour after US open ...so i'm hoping it's just profit taking and bears will resume tomorrow.

i hate when i'm in a trade and the US open makes the days low and then price just revrses for like 12 hours ...and then the next day sometimes recovers......
  • #82,702
  • Oct 23, 2017 11:47am Oct 23, 2017 11:47am
So I'm slowly working my way through the 4300+ pages on this thread, but does anyone know how to set these indicators up for the MT4 app? I can't get the indicators to mirror what I see on my desktop version
  • #82,703
  • Oct 23, 2017 12:06pm Oct 23, 2017 12:06pm
Attached File(s)
File Type: pdf TDI_Mobile_Tablet.pdf   222 KB | 529 downloads


Here you go Ernieo
  • #82,704
  • Edited 1:41pm Oct 23, 2017 12:15pm | Edited 1:41pm
Quoting emmanuel7788
{quote} I dont use the TMS Watchdog. Based on simple price action and looking at MN W1 and D1, I would simply jump in the H4 last candle closed. {image}

AUD/USD H4 is looking ok atm, but the tdi cross on h4 looked sloppy imo

are you saying we should jump in with a sloppy tdi cross [not strong angle] is the price action looks good?


edit: correct me if i'm wrong emmanuel, but the angle of the cross measures the current momentum of price, so strong cross = price should travel far
weak cross price should travel a little bit

but if there is a weak cross and the underlying price action is still there, our trade can still work out? but just take longer to get there
  • #82,705
  • Oct 23, 2017 6:25pm Oct 23, 2017 6:25pm
Quoting kain775
{quote} AUD/USD H4 is looking ok atm, but the tdi cross on h4 looked sloppy imo are you saying we should jump in with a sloppy tdi cross [not strong angle] is the price action looks good? edit: correct me if i'm wrong emmanuel, but the angle of the cross measures the current momentum of price, so strong cross = price should travel far weak cross price should travel a little bit but if there is a weak cross and the underlying price action is still there, our trade can still work out? but just take longer to get there

well time passed, candles later...

if H4 candles do not show it make Lower Low and Lower High, get out ...it consolidation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,706
  • Oct 23, 2017 6:31pm Oct 23, 2017 6:31pm
Quoting ernieo
So I'm slowly working my way through the 4300+ pages on this thread, but does anyone know how to set these indicators up for the MT4 app? I can't get the indicators to mirror what I see on my desktop version
using the platform RSI and moving averages will create the TDI. Some platforms do offer indicator using moving average based on RSI data.

Quoting emiel2303
{image} Here you go Ernieo


Just a word of caution,
when you use the platform RSI and create the TDI. The TDI lines you see will be updating in realtime, every tick data.
Therefore you must look at the price action by looking at the price bar/candlestick and wait for the bar/candle to close to confirm.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,707
  • Oct 23, 2017 6:37pm Oct 23, 2017 6:37pm
Quoting kain775
{quote} I think watchdog tells you on the right panel usually when there is a cross? i'm starting to think maybe i shouldn't have taken the h4 eurusd trade now, it's pulling back a fair bit, but then again the pullback only started in the hour after US open ...so i'm hoping it's just profit taking and bears will resume tomorrow. i hate when i'm in a trade and the US open makes the days low and then price just revrses for like 12 hours ...and then the next day sometimes recovers......

We had a lot of discussions on the TMS Watchdog back in 2011 and 2012.
In 2014, we made a complete new version but later abandon it completely after one year. Since then we focus our time and energy to learn and read price action and use the simple TDI realtime version to confirm the price action.

Its amazing that members are talking about old indicators posted all over the place in forums. Its going round and round for years with little or no progress.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,708
  • Oct 23, 2017 6:51pm Oct 23, 2017 6:51pm
Quoting Giannis95
Hello Emmanuel, your posts and ideas are very interesting. Other very confusing. In the ME / ME strategy you said to take profit as soon as we have the chance but in this image, you took profit after more than 150 pips. You mentioned a DYNAMIC STOP LOSS based on volatility and a hard technical stop loss but I really do not understand the difference between them and how they behave if the price moves in our favor. Also, the dynamic stop loss zone, which you said to be calculated as the distance in pips of the daily ATR100 plus the close of the 10EMA...

Hi,

Don't worry. I don't interpret you recent posts as criticizing me. I do accept constructive criticism from better traders who are more experienced and have shown better trading results. Some people do come to this thread and take cheap shots at me making allegations of flaws, holes, etc. but these same people have not shown real results but make only claims in words of making profits, how bank trades, how hedge fund make their money, etc.

Your question are all good, clear and valid, but I need time to go back to the two charts you attached and look back what those two posts were about. Usually the posts were made during the time to answer other members question or to share how I traded the trade plan for that week/month or how those trades were managed.

Many people reading this thread are confused too with some many posts and they are not able to piece them all together to see a clear picture.
The truth is even when you have pieced together all the posts, you still will not see a picture with two eyes.

...later
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,709
  • Oct 23, 2017 7:16pm Oct 23, 2017 7:16pm
Quoting Sesamstrasse
{quote} Hi Emm. One of our group members is from NZ, so we got the important information about the elections. I saw you traded this pair while the political process wasn t finnished in NZ (big picture analyses was a wonderful view for some NZ pairs). My question is: How much weight would you give in a big picture analyses to avoid "a pair/instrument" during news releases like elections or rate decisions? I had AN and Ncad in my playlist 2 weeks ago.. just wanted to know basicly. Guido

I put more weight on the Monthly and Weekly market conditions to determine my trades based on two of the three market types.

I know strat uses the same Monthly and Weekly for his PASR Long term trades.

Economic data, news and major events like elections do create a lot more volatility in the market but they seldom change the market direction, well at least not immediately in matter of days. In matter of few days, you can either get out at small loss or breakeven when you trade with MEME provided you have enough experience to do some recovery trades and make some profits.

Look at USDJPY, some expert analysis and economist say that the market had already factored in the snap election results so it rallied to 140.00, etc.
Someone is still talking abous US FED will raise rates in December and expects UJ to drop so that he can take his profits in 2 ~3 months because he believe that how hedge funds trade UJ... LOL.

What most important to me is having a consistent approach in doing top down analysis and forming a Big Picture of the market. Many well known trading coaches will emphasize on the Big Picture approach. Under Dr Van Tharp system development, I learn this same Big Picture approach and how to use one same Big Picture and trade three different systems.

There are other important factors. I mentioned many times in the past few years, like keeping a healthy equity and margin in our trading accounts. I know some traders have the habit to hold on to their trades in huge floating losses and they top up their trading accounts to avoid broker margin calls. They do this several times a year.
They only need to hit the "mother of all margin call jackpot" once and they run out of money and they are out of this business. Then they come back with a new system with new claims with no historical statistics to show 3 to 5 years of consistent results.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,710
  • Oct 23, 2017 7:45pm Oct 23, 2017 7:45pm
TMS Monitor Oct 24 Tokyo session

20 minutes to H4 closing:
if you have a plan to trade JPY pairs today, look for the best setup.
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Oct24 0840.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,711
  • Edited 11:13pm Oct 23, 2017 9:24pm | Edited 11:13pm
Quoting emmanuel7788
TMS Monitor Oct 24 Tokyo session 20 minutes to H4 closing: if you have a plan to trade JPY pairs today, look for the best setup. {image}
Hello, may i know where can i dl the dashboard and indicators? Sorry if this was asked before. It would be nice if you could share the thread link or url. I tried searching the post through keywords but couldnt find. Really appreciated if u can help!

*found the post
  • #82,712
  • Oct 23, 2017 11:09pm Oct 23, 2017 11:09pm
Quoting hzs10
{quote} Hello, may i know where can i dl the dashboard and indicators? Sorry if this was asked before. It would be nice if you coukd share the thread link or url. I tried searching the post through keywords but couldnt find. Really appreciated if u can help!
The link is here. The thread is called Monitor for 'Trading Made Simple' system. It is great tool if you learn to use it properly.

https://www.forexfactory.com/showthread.php?t=303347

Okoso
  • #82,713
  • Oct 24, 2017 12:57am Oct 24, 2017 12:57am
Quoting emmanuel7788
{quote} I put more weight on the Monthly and Weekly market conditions to determine my trades based on two of the three market types. I know strat uses the same Monthly and Weekly for his PASR Long term trades. Economic data, news and major events like elections do create a lot more volatility in the market but they seldom change the market direction, well at least not immediately in matter of days. In matter of few days, you can either get out at small loss or breakeven when you trade...
Good morning Emmanuel.

I had the same impression to give more weight to the big picture than to news.. (ecxept in smaller timeframes).. but i´m pretty new to top down analyses( since 2017), so I asked.
" 3 to 5 years of consistent results".. I´m since 7 years green on years end. sometimes more, sometimes less.. but always green ;-)

Thank you for the detailed answer.
Guido
Risiko birgt immer auch die Chance.
  • #82,714
  • Oct 24, 2017 2:24am Oct 24, 2017 2:24am
Quoting kain775
{quote} I think watchdog tells you on the right panel usually when there is a cross? i'm starting to think maybe i shouldn't have taken the h4 eurusd trade now, it's pulling back a fair bit, but then again the pullback only started in the hour after US open ...so i'm hoping it's just profit taking and bears will resume tomorrow. i hate when i'm in a trade and the US open makes the days low and then price just revrses for like 12 hours ...and then the next day sometimes recovers......
Yes the cross shows in the right hand panel. It is like any other alert, once alerted you must take into account the PA, S/R etc and choose whether to go in or not, I tend to look at the alerts on H4 and then go to the m30 to check for HH/LL etc before going in and it works very very well.
Success means going from failure to failure without loss of enthusiasm
  • #82,715
  • Oct 24, 2017 3:24am Oct 24, 2017 3:24am
Quoting emmanuel7788
{quote} {quote} With less than one year trading experience, you have a very long way to go before you can start trading with real money. making money is another story because it wont be that easy as it looks. sounds. To make money out of this fores market, you need much more than just the trading method. You should start the way the OP did back in 2008 when he was a newbie forex trader. Learn how he traded with the Synergy trading model and the Stochastics method back in 2008. Learn from what he did between 2008 and 2010. I think to read all the...
Hi Emmanuel7788

what does it mean by Trade long and Trade short? what is that term according to this?
  • #82,716
  • Oct 24, 2017 3:27am Oct 24, 2017 3:27am
Quoting emmanuel7788
TMS Monitor Oct 24 Tokyo session 20 minutes to H4 closing: if you have a plan to trade JPY pairs today, look for the best setup. {image}

Now 2 H4 candle later, what did you learn about TDI cross and steep angle/slope?

Did you apply Post#647 every time when you want to take a TDI trade?

If you did, then you would know when that previous H4 closed with very steep angle/slope and the next H4 candle closes, what you need to check before you take the plunge into selling.

I think this post also answer the question about the trading hours asked many times.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,717
  • Oct 24, 2017 3:56am Oct 24, 2017 3:56am
Sell AUDUSD next H4 open? ... 5minutes.

be careful with big candle...

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Oct 24 H4 AU 1653.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,718
  • Oct 24, 2017 4:06am Oct 24, 2017 4:06am
My first success at MEME with my own expert.
This may be confusing as this is a M5 chart. I use this for the M5 bar change to check my trades but I'm actually trading H4.
I'm using H4 ATR2(100) stop loss and trade at 0.5ATR intervals with a 0.5ATR TP with lock-in to allow profits to run to an M5TDI cross against.
Thanks to Emm.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpypro-m5-gain-capital-uk-2.png Size: 72 KB
  • #82,719
  • Oct 24, 2017 5:23am Oct 24, 2017 5:23am
Quoting emmanuel7788
Sell AUDUSD next H4 open? ... 5minutes. be careful with big candle... {image}
Evening, guys
Sorry Mr. Emmanuel, would you please kindly provide me the portal to where the "MEME" trading strategy originally started?
I feel like so many steps behind when i am still working on the TMS while other fellows are talking about MEME.
Always be humble, and Stay Vigilant
  • #82,720
  • Oct 24, 2017 9:22am Oct 24, 2017 9:22am
Quoting Forexrocks
{quote} Evening, guys Sorry Mr. Emmanuel, would you please kindly provide me the portal to where the "MEME" trading strategy originally started? I feel like so many steps behind when i am still working on the TMS while other fellows are talking about MEME.
Hi forexrocks
If you go to the attachment page you can download a PDF called Money Management Strategy ideas from Emmanuel which may help you. There is also links to different post explaining stuff. Hope this helps you out,
Cheers
Craig
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