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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

  • #87,481
  • May 28, 2018 6:34am May 28, 2018 6:34am
The urge to post force members to post signals. Wonder what happened to "I don give signals"
  • #87,482
  • May 28, 2018 6:41am May 28, 2018 6:41am
A few H4 signals if anyone like to see on your own TMS Monitor...LOL

Trade only those pairs which you have a trade plan done for this week' trading.

Can you identify those with check mark using the TMS Monitor?

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May28 pre-NYO.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,483
  • May 28, 2018 7:01am May 28, 2018 7:01am
Quoting JKLee
{quote} Thanks for the reply and thanks for the back testing for me. The draw down is much serious than my real account. I think my stop loss is tighter than yours (Usually I placed stop loss at the previous previous high/low or H4 200 sma). Please kindly let me know if you have any suggestions. Thank you. {image}
Hi,

completed the backtest run this morning but did not post the equity chart. Here it is below,
3 times I had to cut losses. Quite good profit with an allocated risk amount of $5k.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Jul 2017 to May 25 2018.png Size: 14 KB


different traders trading with MEME use different basket stop loss management.

I prefer to set a stop loss trailing the average entry prices of all open positions. this means if I have 3 positions in one basket, I take the average entry price of the 3 open positions and trailing that at a fix ADR, example 1.0 x ADR. When there are maximum 5 positions open, the the same 1.0ADR will trailing the average entry price of all 5 positions. You will find the Average Entry Price indicator in this thread attachment.

The other method is to use the dynamic cut-loss using the 10EMA channel. The channel high-low is set to a percentage of the ADR. This method is more complex and requires the use of an expert advisor.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,484
  • May 28, 2018 7:19am May 28, 2018 7:19am
EURAUD Week 22 May 28

I see potential move lower to possible targets on Weekly.
This week is the Monthly closing and we start a new trading month next week.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 22 May 28 W1 BPP.png Size: 41 KB


On my TMS trading charts below, the W1 is at 50EMA and BRN 1.5400.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 22 May 28 TMS BPP.png Size: 79 KB


Looking at selling any small rallies in the lower timeframe H4
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,485
  • May 28, 2018 8:17am May 28, 2018 8:17am
Hi my TMS Monitor is all crunched up and can't read it. Everything I try won't change it. I have one of those 4000 resolution screens and it makes everything small no matter what I set it at.
  • #87,486
  • May 28, 2018 8:55am May 28, 2018 8:55am
Quoting emmanuel7788
{quote} Hi, completed the backtest run this morning but did not post the equity chart. Here it is below, 3 times I had to cut losses. Quite good profit with an allocated risk amount of $5k. {image} different traders trading with MEME use different basket stop loss management. I prefer to set a stop loss trailing the average entry prices of all open positions. this means if I have 3 positions in one basket, I take the average entry price of the 3 open positions and trailing that at a fix ADR, example 1.0 x ADR. When there are maximum 5 positions...
Thank you! I am just moving my stop loss and take profit manually, since I don't have trade management EA. Have a good day!
FOR THE HORDE
  • #87,487
  • May 28, 2018 2:24pm May 28, 2018 2:24pm
Quoting eelfranz
When you enter a trade using the TDI.. watch PA as it archs back and forth to the yellow 5ema line... If it's arching back to the yellow line... don't panic and just jump out.. IF PA looks strong around the 5ema line... stay in the trade until the TDI tells you different (exit rules)... Give your trades some latitude to breathe... use your brain... does PA still look good? No small candles forming? Flow with your trades... Demo until you build confidence... study old charts...
Very helpful advice.
  • #87,488
  • May 28, 2018 4:32pm May 28, 2018 4:32pm
Quoting Tekkies
{quote} emmanuel Is BN price levels part of BigE's 5-method?
@Tekkies,

Why did you like this post where @Divergence describes @eelfranz as

"a guy who never showed 1 live trade and what he taught is all newbie stuff"

?
Attached Image (click to enlarge)
Click to Enlarge Name: DIV.png Size: 12 KB
  • #87,489
  • May 28, 2018 5:04pm May 28, 2018 5:04pm
Quoting ReverseFlash
{quote} @Tekkies, Why did you like this post where @Divergence describes @eelfranz as "a guy who never showed 1 live trade and what he taught is all newbie stuff" ? {image}
1. It is true.
Have not seen a post with trade's taken.
2. The way BigE taught newbie stuff is one drop (post) at a time.
No information overload
3. Just maybe only a little maybe 7788 post's per year wil drop to 3 / 5 per day.
Hopefully those post will be only related to the 5_method
---
Notice the recent chart's have a round number indicator on. About two weeks ago Stevepat posted how he use rounder numbers. Coincident?
  • #87,490
  • May 28, 2018 5:10pm May 28, 2018 5:10pm
Quoting Tekkies
{quote} 1. It is true. About two weeks ago Stevepat posted how he use rounder numbers. Coincident?
Thanks for your answer.

I don't know Stevepat
  • #87,491
  • May 28, 2018 7:12pm May 28, 2018 7:12pm
Quoting emmanuel7788
EURUSD H4 setup at BN level 1.1700 {image}

EU that setup at BN 1.1700 was good, anyone took a full 90pips profit?

Today Sydney Open TMS Monitor did not show any recommendation signals, but has a few add-on trades D1 chart.

Many hungry traders today after yesterday's holidays. Political problem in Italy will be concern for many.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 28 Sydney Open.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,492
  • Edited 7:53pm May 28, 2018 7:23pm | Edited 7:53pm
Quoting Tekkies
{quote} emmanuel Is BN price levels part of BigE's 5-method?
@Tekkies,

I said before, there are no dumb questions but yours is a Dumb's silly question.

And my answer is YES.

To find the answer,

You must read from Post#1 up to Post#12,912. If you not understand the language, you can always ask and post your questions with a chart so that other members can help you.

In that 12,912 posts, Big E made 463 posts. Make sure that you read them all and taken notes. Pay attention to what he wrote in English and where he made reference to other members' post with charts, pay more attention also to those members' post with their charts.

Pay attention to details especially when Big E posted his own charts. You will see those BN levels on every one. Go way back 7 years.

He even posted one BN indicator and member Xaphod made a better one and shared in this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,493
  • May 28, 2018 8:04pm May 28, 2018 8:04pm
AUDNZD Week 22 May 29 D1

If you trade with divergence i.e price action vs TDI divergence, this is one pair you can look at.

Not much room down till it hit its 200EMA, BN 1.0800, but if you find a good lower timeframe trade with smaller initial stop loss, it may worth the effort.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Week 22 May 29 D1 BPP.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,494
  • May 28, 2018 8:07pm May 28, 2018 8:07pm
EURNZD and GBPNZD Week 2 May 29 D1

Pick one of the two. Which one?

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 22 May 29 D1 BPP.png Size: 70 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Week 22 May 29 D1 BPP.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,495
  • May 28, 2018 8:12pm May 28, 2018 8:12pm
Quoting Mort1954
Hi my TMS Monitor is all crunched up and can't read it. Everything I try won't change it. I have one of those 4000 resolution screens and it makes everything small no matter what I set it at.

This piece of work was completed in the old days when VGA was prevalent. Till today MT4 will support FHD 1920 x 1080 display resolution without any need for code change.
I have 4K display but I run MT4 in FHD mode only.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,496
  • May 28, 2018 8:16pm May 28, 2018 8:16pm
K thank you, have to figure out how to do that.
  • #87,497
  • May 28, 2018 8:24pm May 28, 2018 8:24pm
Quoting doha
{quote} Very helpful advice.

Hi doha,

very good for you that you keep reading Big E' posts and have attention to details.

read Post#306 (one with a chart) and following how Big E replied to that member' post.

PA has always been mentioned by Big E and he only looked at the APB/HA candles. He knew how to use the HeikenAshi candle characteristics. That's important.

Good Trading,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,498
  • May 29, 2018 12:29am May 29, 2018 12:29am
Hello

I understand the meaning when the TDi crosses, but what does it mean when the stoch crosses? sorry couldn't see that answered anywhere
life is a reflection of what we allow ourselves to see
  • #87,499
  • May 29, 2018 12:56am May 29, 2018 12:56am
Quoting emmanuel7788
{quote} @Tekkies, I said before, there are no dumb questions but yours is a Dumb's silly question. And my answer is YES. To find the answer, You must read from Post#1 up to Post#12,912. If you not understand the language, you can always ask and post your questions with a chart so that other members can help you. In that 12,912 posts, Big E made 463 posts. Make sure that you read them all and taken notes. Pay attention to what he wrote in English and where he made reference to other members' post with charts, pay more attention also to those members'...
Emmanuel very nice response to Dumb silly question?

1. You will see those BN levels on every one.
He never mentioned BN levels in any of his post's in this thread.
Did he use BN levels to make trade decision he surely did not post about them in this thread.
2. He even posted one BN indicator
Want an indicator to mark the 100 lines on your chart...
Wonder where 100 lines (round numbers) fit in with post#647
3. member Xaphod made a better one
You and Xaphod both ignoring this post
post#6 .................If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy.
or
post#285....................Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything... don't complicate it.

Couple of post's back you flapped your lips about me removing HA from chart. Now you add BH to your chart.

Do you live by double standards emmanuel?
  • #87,500
  • May 29, 2018 1:07am May 29, 2018 1:07am
Quoting mikeeating
Hello I understand the meaning when the TDi crosses, but what does it mean when the stoch crosses? sorry couldn't see that answered anywhere
Post#1
I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.
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