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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

  • #87,201
  • May 9, 2018 7:06pm May 9, 2018 7:06pm
Quoting catalin_eros
{quote} You seem to like breakout-retest-continuation, just as I do. From this point of view, GA seemed perfect, as the resistance turned into support and there was PASR. I temporarily plotted the TDI, in order to see what it looked like when you took the trade, and the conclusion is that out of these three pairs, you had the steepest angle on GA on the TDI PL. It was not needed, of course, since PASR said everything we needed to know, but for extra confidence.... {image} EDIT: There is also confluence with the D1 trendline at that BUOB.

Well, I mention this many times before. I don't trade reversals like Big E did. He was too aggressive to pick entries using APB#1 and #2 with the TDI as his signal.
I prefer to trade when the new 'trend' is established. Wait for the reversal, then the pullback and follow the continuation of the established 'trend'.

For those 3 pairs, my pick was the same way which LE1 would do at the start of the day. Look at the Day open and where the 10EMA is. That 10EMA is dynamic support / resistance for the short term intraday traders. I look at Weekly and Monthly to see the same 10EMA and also the 50EMA proximity which are longer term trading.

Below are the screenshots of the same 3 pairs charts taken yesterday... before the NY session.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD Week 19 May 09 BPP.png Size: 65 KB
Click to Enlarge Name: GBPCAD Week 19 May 09 BPP.png Size: 68 KB
Click to Enlarge Name: GBPNZD Week 19 May 09 BPP.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,202
  • May 9, 2018 7:24pm May 9, 2018 7:24pm
An example how to interpret Post#647

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo
Yes, TDI swing highs two weeks ago.

Am I in an uptrend or downtrend.. short & long term...
Both D1 and W1 are UP but NEWS day during NY session, need to be very cautious.

Am I in or close to a consolidation area
MC[3] consolidation

Are the previous candles small...
Yes, small bars/candles inside the MC[3].... wait for breakout

Look at the candles on the last reversal... big, little, what
Yes, a big bar/candle which is the Master Candle, follow with 3 smaller bars/candle

How does the momentum look right now (12-2, 4-6)
TDI bounce

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 19 May 09 consolidation.png Size: 39 KB



Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last...
\
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,203
  • May 9, 2018 7:46pm May 9, 2018 7:46pm
Comparing the TDI Red Green (Post#25) and the TDI_RT (realtime version).

The TDI Red Green (Post#25) repaints when charts are refreshed.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 19 May 09 consolidation.png Size: 39 KB


Below is what the chart loloks like after refresh and this is what the TDI_RT looks like, both in history and in live market.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 19 May 09 chart refreshed.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,204
  • May 9, 2018 7:54pm May 9, 2018 7:54pm
GBPUSD May 10 ... Big Day for GBP today

while it traded in very small D1 bars/candles.

can you handle the volatility with small stop loss?
If you cannot, then stay out of the market today.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 19 May 10 NEWS day.png Size: 68 KB


W1 is 'resting' on its 50EMA.

Most frequently quoted disclaimer in FF:
Five fundamental truths:
1. Anything can happen.
2. You don’t need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
– Mark Douglas
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,205
  • May 10, 2018 1:42am May 10, 2018 1:42am
Quoting emmanuel7788
{quote} @MrGreen95, You are just passing by this thread. The first time I posted that higher timeframe background candle was in Oct 2012. download its is not requires in trading TMS but only use to explain how I see the higher timeframe candles .

Yes i was curious about the system and i started read. Thank you very much !

Is it possible to have also the weekly one which indicates you the open and the ranges?
  • #87,206
  • May 10, 2018 9:09am May 10, 2018 9:09am
sell gbpusd h4 +36 pips

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 96 KB
  • #87,207
  • May 11, 2018 3:44am May 11, 2018 3:44am
I have trade sell GA, sell EA, buy AN
Anyone sell it? When do you close it?
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-05-11_060906 sell GA D1.png Size: 70 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-05-07_060220 sell EA D1.png Size: 81 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-05-11_060844 buy AN D1.png Size: 69 KB
  • #87,208
  • May 11, 2018 4:23am May 11, 2018 4:23am
Quoting emmanuel7788
{quote} there is still another 100 pips move to catch today... when that WRB with 'hidden gems'get filled. <target the region between 1.2950 and 1.3040> in the D1 chart you are right that is a WCC seen only in the Weekly charts. but with WRB, we see them in every chart timeframe from Monthly, Weekly, Daily H4, H1, down to M15 and M1. Those WRB with 'hidden gems' are good to trade. example is the H4 WRB after the breakout. that WRB can cause price drop back lower today before it decides what to do next. Remember these five famous quotes by the late...
Hallo from Germany, I ask for, how should I read the TMS Monotor 1.1.and how I Change the size of figures, the main qustion is, should I wait for recomandations till the end of the candle, or is it valid, as it apear ? thank in advance
  • #87,209
  • Edited 2:05pm May 11, 2018 1:53pm | Edited 2:05pm
Quoting nschwegl
{quote} Hallo from Germany, I ask for, how should I read the TMS Monotor 1.1.and how I Change the size of figures, the main qustion is, should I wait for recomandations till the end of the candle, or is it valid, as it apear ? thank in advance

Hallo,


GBPUSD Week 19 :
Below is an example screenshot of the TMS Monitor during the early London session today.
It shows a "Strong Buy" during that H4 candle.
I do not use this TMS Monitor recommendation as trade signals but only for the alerts it send via emails .
My golden rule for trading is simple. Today is Friday and I don't open new 4H swing trades on Fridays. I close all my 4H swing trades by London session closing time and with only one exception to this rule.
This week I do not have in my trade plan to buy GBPUSD. Looking at the past 5 days D1 chart and it is trading in very narrow range, and looking at W1 and MN both are bearish, hence trading decision is very simple today, i.e. no 4H trades.

5-Method setup conditions and alert by TMS Monitor

The alerts/Recommendtions are based on the TMS 5-Method setup conditions therefore you must know those setup conditions very well when you want to trade TMS 5-Method.
the three main 5-Method setup conditions:
- the HA candle must close above the 5EMA(Typical Price, Shift+3) for BUY reversal,
- the HA candle must be Green for Buy (obvious)
- the TDI must have a positive slope, in this case the default parameter set in the TMS Monitor is minimum value=4

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Strong Buy condition.png Size: 71 KB


There are other conditions for example TDI bounce type of trades which can be use for re-entry or add-on trades (average in, scaling in, etc).

You must use the TMS Monitor only as a tool to help you view those pairs you want to trade. I have 20 pairs.
You main trading chart is what you must look at all the time when you get alerts and you know what to look for to trade.

ALWAYS have your trading chart ready next to this TMS Monitor all on one screen.
On your trading chart, you always wait for the price bar/candle to close to confirm the trade setup. This is the must follow rule no matter which version of the TDI you are using. The recommendation is instantaneous and it will change when the candle closes and the conditions are no longer true. This is reason why I always wait for the price bar/candle to close. If you jump in during the still active price bar/candle, you are taking more risk.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,210
  • May 11, 2018 2:00pm May 11, 2018 2:00pm
GBPUSD Week 19 May 10 review:

Observe the price -
MN is at 10EMA
W1 is at 50EMA
D1 is trading very narrow range for days,
hence H4 is choppy
H1 is for sniper type traders who are good at shooting moving target with single shot.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 19 May 10 NY session2.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,211
  • May 12, 2018 1:06am May 12, 2018 1:06am
Quoting emmanuel7788
GBPUSD Week 19 May 10 review: Observe the price - MN is at 10EMA W1 is at 50EMA D1 is trading very narrow range for days, hence H4 is choppy H1 is for sniper type traders who are good at shooting moving target with single shot. {image}
Thank you for your help. And where can I find this template with These minicharts ?
  • #87,212
  • May 12, 2018 6:01am May 12, 2018 6:01am
Quoting nschwegl
{quote} Thank you for your help. And where can I find this template with These minicharts ?
those are simple tools I use and they are free of charge here in FF.

lookup these posts below.

Post#76,270 for the pipware tool

and

Post#193 for the TMS Monitor tool

setup your charts with those simple tools the way you want to see them and use them. save them as your own templates.

most important is you know the 5-Method and how to trade the 5-Method.

make sure you read those threads for more information how to set up the indicator (pipware) and the expert advisor(TMS Monitor).
if you have questions, post and ask in those threads and I'll try find time and help there.

Have Fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,213
  • May 12, 2018 7:19am May 12, 2018 7:19am
Quoting eelfranz
Top of the weekend to you all ! Go to any 1 hr/4hr chart, just look at the TDI... now scroll back about 6-12 months. It looks like rolling waves all along the TDI. So why not get in at the top or bottom of the TDI.. You no that price always returns to it's previous levels. If you entered when green crossed the red ... and stayed in until it crossed again ... I believe you would make more pips than you think is possible ... {image}

A simple weekend homework following this old post.

The first exit strategy is when the TDI Green goes flat, hook backs,etc.

This is yet another exit strategy using TDI cross for entry and exit when the TDI cross in the opposite direction.

There is a third exit strategy used by Big E. Anyone knows this 3rd exit strategy?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,214
  • May 13, 2018 2:07am May 13, 2018 2:07am
No..????
  • #87,215
  • May 13, 2018 5:54am May 13, 2018 5:54am
How well do know TMS 5-Method?

Big E was a rule based discretionary trader.

See this AUDUSD H4 chart below for May 07 to 11.

When would you have exited that trade set-up? A or B or C?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 19 H4 where exit question.png Size: 50 KB


Post#261 say the TDI is the heart of the method.
Quoting eelfranz
...The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. ....

Post#6
Quoting eelfranz
Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking...
Post#274
Quoting eelfranz
TDI Tweeks... It doesn't mean you have to exit the trade... it's a heads up so pay attention... {image}

Post#557
Quoting eelfranz
... If I enter a trade lets say and I'm monitoring the trade and its up 50 pips but suddenly it pulls back 10-15 pips I just exit. I'll keep the profit at $10 a pip... ....
Post#9866
Quoting eelfranz
Top of the weekend to you all ! Go to any 1 hr/4hr chart, just look at the TDI... now scroll back about 6-12 months. It looks like rolling waves all along the TDI. So why not get in at the top or bottom of the TDI.. You no that price always returns to it's previous levels. If you entered when green crossed the red ... and stayed in until it crossed again ... I believe you would make more pips than you think is possible ... {image}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,216
  • May 13, 2018 6:48am May 13, 2018 6:48am
Quoting emmanuel7788
How well do know TMS 5-Method? Big E was a rule based discretionary trader. See this AUDUSD H4 chart below for May 07 to 11. When would you have exited that trade set-up? A or B or C? {image} Post#261 say the TDI is the heart of the method. {quote} Post#6 {quote} Post#274 {quote} Post#557 {quote} Post#9866 {quote}[/b][/color]
What's up emmanuel?
Change of mindset?
  • #87,217
  • May 13, 2018 7:51am May 13, 2018 7:51am
Quoting eelfranz
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...

I am sure many of you have not read all of the OP posts.
There are more to read in his old thread as he mentioned in his post above.

and this post:

Quoting eelfranz
.... Most traders will tweek a stratergy to fit their own personality which is ok as long as they get positive results.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,218
  • May 13, 2018 7:59am May 13, 2018 7:59am
Quoting Tekkies
{quote} What's up emmanuel? Change of mindset?

@Tekkies,

I know English is not your first language.
I also know you have some problem with reading and comprehension here.

There is no change in mindset.
I know you have not read all of the OP's posts here in FF and you have nor fully understood what TMS is and you still think that Trading Made Simple is only 463 posts in this thread.

There is another exit strategy other than the three which I mentioned in my posts above. Do you know the 4th exit which Big E had used?

Go and start reading all over again. This time round, you must pay attention to Big E's trading process or else you will miss his 4th exit 'rule'.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,219
  • May 13, 2018 8:03am May 13, 2018 8:03am
USDJPY Week 20 May 14 to 18:

Last week close and UJ fell back into its weekly range 107.64 and 109.52

MN support and resistance levels.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 20 May 14 to 18 W1 view.png Size: 32 KB


Next week, will be looking for buy, but it will struggle at the W1 50EMA and the MN 10EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 20 BPP.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,220
  • May 13, 2018 10:03am May 13, 2018 10:03am
Quoting emmanuel7788
{quote} @Tekkies, I know English is not your first language. I also know you have some problem with reading and comprehension here. There is no change in mindset. I know you have not read all of the OP's posts here in FF and you have nor fully understood what TMS is and you still think that Trading Made Simple is only 463 posts in this thread. There is another exit strategy other than the three which I mentioned in my posts above. Do you know the 4th exit which Big E had used? Go and start reading all over again. This time round, you must pay attention...
If you say so emmanuel:
Beside flooding Trading Made Simple with post after post you always seems to miss some vital post's.
There is no 4th exit 'rule' in this thread by BigE. Only one:
Attention to detail emmanuel.
Post 123
Exits...

Looking at your TDI... if you see:

1. TDI go flat
2. TDI start to hook over
3. TDI do a check mark reversal

You should do a study of the 5 method with only post's from this thread:
Post 5
Divergence,

That was just one of many methods we discussed. Folks were getting confused by mixing up rules from different methods so this thread will only be about the 5 method.

then you will not do this every three month:

Post 1,933
Honestly folks... I spent over 2 years refining this method... so it would be simple to understand and easy to trade...

Just follow the simple entry rules and TDI exit rules... this isn't brain surgery or rocket science. Just follow what I show you... what I tell you... not what others say that's not within the rules. It's simple and many of you are thinking it can't be this simple so you try to add things and complicate it... that will only lead to your minimum performance or failure...

When you do that you create stumbling blocks for yourself... Plain and simple... if your not making bunches of pips your not following what I and the other key guys have taught you...

Have a super posting Sunday emmanuel
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