Trading Made Simple | Page 4384 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #87,661
  • Jun 10, 2018 4:42am Jun 10, 2018 4:42am
Quoting nigpig
{quote} I think the other two other keys are 2. Money management, risk and position sizing. 3. Mental approach and mastering emotion (the big one). But I might be wrong.

You are right about the three components of a winning trading system - Method, Money Management and Mind.

but those are not the two other keys to forex system development.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,662
  • Jun 10, 2018 4:54am Jun 10, 2018 4:54am
Quoting Tekkies
{quote} Emmanuel you are a exceptional trader. Those trades were closed before NFP on Jun 01 as I had stated in my post: Even that manuale Sell order below 1.32000 (the one right at the bottom with no circled arrow) on a pull-back the monthly profit show no loss. or that trade manager that you use surely know when to close order's. How did you do that? {image}

@Tekkies,

I think you missed somethings and perhaps mixed up the contents of the posts.

You will find the answers to your questions in these posts.

Post#87,516 and Post#87,518

and

Post#87,591 and Post#87,611.

Also note that the Weekly Low of Week 22 May 28 to Jun 01 is 1.3203 on my broker chart.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 23 Closed Jun10.png Size: 39 KB


After that Week 22 closed, the Market Type has changed hence in Week 23 Jun 04 to 08, most MEME traders would have changed their trade bias and some would have started with recovery trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,663
  • Jun 10, 2018 4:58am Jun 10, 2018 4:58am
Quoting aidinkoloft
{quote} thank you for this Excellent post , but what are the other 2 keys ? thanks again

The topic here is on forex trading system development, an education forum by Axitrader. Those are good stuff which many new traders here went through.

Key#2
The Second Key to Forex System Development: Simple Entries and Complex Exits
https://www.axitrader.com/au/market-...ries-and-exits

Key#3
The Third Key to Forex System Development: Damn Good Forex Set-Ups
https://www.axitrader.com/au/market-.../forex-set-ups
The Third Key to Forex System Development: Damn Good Forex Trading Set-Ups (Part 2)
https://www.axitrader.com/au/market-...set-ups-part-2

there are more education topics in that website by Axitrader
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,664
  • Jun 10, 2018 5:27am Jun 10, 2018 5:27am
Quoting nigpig
{quote} Not sure what you mean here. The circled order was a limit order. It was executed on market reaching that price. The multiple entries were closed at break even (or 0.25 ADR or some other value above break even) by the EA manager.
Great.
So the EA manager is a better trader then the trader himself.
  • #87,665
  • Jun 10, 2018 5:50am Jun 10, 2018 5:50am
Quoting Tekkies
{quote} Great. So the EA manager is a better trader then the trader himself.

this is not true and not correct.
No expert advisor will ever do better than the trader. The trader makes all the decisions.
The expert advisor as trade manager is to manage trades when the trader need not have to be at his terminal 24 hours.

the trade manager only can do what the programmer has coded in its logic.

the trader defines the logic for entries and exits, the logic for management for example to lock profits and do the exit when the technical conditions are fulfilled.
One of the trade management logic is like how the OP Big E would do, i.e. to exit his trade when price move +50 pips and pulls back 15 to 20 pips, he would close his trade. But in my trade manager exit logic, I lock the profits first and if there is a price pull back with TDI (RSI MA) M5 cross, this it the exit by the trade manager. There are many situations where after the profit locked, there is no price pull back, hence the trailing stop becomes lke a jumping stop using ADR. This is will be 'let profits run' situations to maximize the profits in a trend breakout or in a strong trend move. The trader has nothing to do , no emotions and just trust his trade manager and I can spend my time do other better things in life.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,666
  • Jun 10, 2018 5:53am Jun 10, 2018 5:53am
Folks,

Week 24 Jun 11 to 15 trading week: CAUTION!

beware when market open next week and during the week..

there are events that are not on FF calendar and I am not talking about the G7 meeting.

always trade with a stop loss or at least have equity protection set.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,667
  • Jun 10, 2018 5:54am Jun 10, 2018 5:54am
Quoting emmanuel7788
{quote} @Tekkies, I think you missed somethings and perhaps mixed up the contents of the posts. You will find the answers to your questions in these posts. Post#87,516 and Post#87,518 and Post#87,591 and Post#87,611. Also note...
Posting link's to my post's does not answer "How did you do that."
It's ok. No sweat. Nigpig gave a good answer. Also explain a lot about the chart's you post's.

You have added uncertain to your already confusing chart's as well.
a Member has to ask himself now:
- Did emmanuel placed that order or the expert?.
- Is it a:
instant order, pending order?
which of the four types of pending order is it: Buy Stop, Sell Stop, Buy Limit, Sell Limit?

Come on Emmanuel, how would a member that never trade before understand your chart's.
  • #87,668
  • Jun 10, 2018 6:06am Jun 10, 2018 6:06am
Quoting Tekkies
{quote} Posting link's to my post's does not answer "How did you do that." It's ok. No sweat. Nigpig gave a good answer. Also explain a lot about the chart's you post's. You have added uncertain to your already confusing chart's as well. a Member has to ask himself now: - Did emmanuel placed that order or the expert?. - Is it a: instant order, pending order? which of the four types of pending order is it: Buy Stop, Sell Stop, Buy Limit, Sell Limit? Come on Emmanuel, how would a member that never trade before understand your chart's.

You will find answers in those two posts

Post#87,591 and Post#87,611.


all members who have not traded before should never ever try trade with multiple entries multiple exits.
they should first learn from Big E and master his way of trading the 5-Method.

To learn to trade higher timeframes on Daily and Weekly charts, you need a different money management strategy not like Big E where he would enter full risk with one single position. Learn to breakdown your risk into smaller portions and use Position Sizing and Build your Positions in the market.

You can read all about MEME from my posts starting in 2015 to 2017.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,669
  • Jun 10, 2018 8:08am Jun 10, 2018 8:08am
Quoting emmanuel7788
{quote} Hi ph2lsl, I see you use the Synergy Pro TDI on your H1 chart. The rules using this Synergy Pro TDI are different from those rules of the OP when he was trading H4. The rules using this TDI Pro is conservative and works better. Important is to read the price action of the price bar and the average price seen using the APB/HA candles I know English is not your first language and you will have some difficulty to read and learn quickly. But If you post charts and ask questions, I will find time to help you slowly with more charts explanations....
hi mister emmanuel
please you can chek message from me?
  • #87,670
  • Jun 10, 2018 8:29am Jun 10, 2018 8:29am
Quoting emmanuel7788
{quote} Hi ph2lsl, I see you use the Synergy Pro TDI on your H1 chart. The rules using this Synergy Pro TDI are different from those rules of the OP when he was trading H4. The rules using this TDI Pro is conservative and works better. Important is to read the price action of the price bar and the average price seen using the APB/HA candles I know English is not your first language and you will have some difficulty to read and learn quickly. But If you post charts and ask questions, I will find time to help you slowly with more charts explanations....
Im is very hard for me find trend
example nzdusd week chart what is trend now? its go down last 5 candels and now two last candels go up. its trend up now or its trend continue down? its always problem like this for me
and a other example eurusd week chart. very many down candels and after hamer candel is a up candel. now trend up or still down?
  • #87,671
  • Jun 10, 2018 4:24pm Jun 10, 2018 4:24pm
Quoting ph2lsl
{quote} Im is very hard for me find trend example nzdusd week chart what is trend now? its go down last 5 candels and now two last candels go up. its trend up now or its trend continue down? its always problem like this for me and a other example eurusd week chart. very many down candels and after hamer candel is a up candel. now trend up or still down?

NZDUSD is an easy one. The Market Type changed 4 weeks ago. The last 3 weeks was Range trading buying at support 0.6900 and resistance is 0.7000.

This week we wait and see if it will breakout of that Range.

So it is Range trading and we follow our range trading strategy with TMS 5-Method.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 24 Market Type range trading 3 weeks.png Size: 30 KB


EURUSD also quite similar situation, the Market Type changed last week. Range 1.164 and 1.182

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 24 Range trading.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,672
  • Jun 10, 2018 4:29pm Jun 10, 2018 4:29pm
Quoting ph2lsl
{quote} hi mister emmanuel please you can chek message from me?

you can trade those same 8 pairs like the OP did.

Do not trade those EUR and GBP crosses unless you have the many years trading experience and have large trading capital.

Quoting eelfranz
Sree1, I'd say pick the charts you like to trade and understand their movements... breathing patterns... I always like to have the E/U, G/U and A/U side by side on top plus one more chart. Those three charts tend to move together in the same direction. So if I see a set up on one I usually find a set up on one or both on the other pairs. I've made a lot of pips trading all three at the same time. I usually include 2-3 Japaneese charts... a Usd/Cad chart. Always end up with 8 charts on one page. Dean trades these on top...e/u, g/u e/j, a/u left to...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,673
  • Jun 10, 2018 5:16pm Jun 10, 2018 5:16pm
Quoting emmanuel7788
{quote} The topic here is on forex trading system development, an education forum by Axitrader. Those are good stuff which many new traders here went through. Key#2 The Second Key to Forex System Development: Simple Entries and Complex Exits https://www.axitrader.com/au/market-...ries-and-exits Key#3 The Third Key to Forex System Development: Damn Good Forex Set-Ups https://www.axitrader.com/au/market-.../forex-set-ups The Third Key to Forex System Development: Damn Good Forex...
thank you emmanuel , the links was very useful for me, you are very kind (as always)
  • #87,674
  • Jun 10, 2018 7:28pm Jun 10, 2018 7:28pm
Quoting emmanuel7788
{quote} The TDI which is several moving averages of the RSI data shows the price momentum over different periods. TDI does not determine the price trend. You skills to see both the price trend and its momentum to be in synergy and hit the home run. A simple approach to see the price trend used by many traders is the use of oving averages. This is no Holy Grail but it works well and when traded with discipline. TMS traders are known to use the Power of the 10EMA. You need to know the Power of 10EMA when applied to forex trading. If we want to keep...
TOP SHELF..Great post ..to be read and read again..So much in it..a continuis study oll on its own
  • #87,675
  • Jun 11, 2018 3:43am Jun 11, 2018 3:43am
Every tried to use post#647?
Attached Image
  • #87,676
  • Jun 11, 2018 5:12am Jun 11, 2018 5:12am
Quoting emmanuel7788
{quote} you can trade those same 8 pairs like the OP did. Do not trade those EUR and GBP crosses unless you have the many years trading experience and have large trading capital. {quote}
ok Im do what you say. Im use big e 8 pairs
Im enter now usdcad
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 29 KB
  • #87,677
  • Jun 11, 2018 6:13am Jun 11, 2018 6:13am
Quoting ph2lsl
{quote} ok Im do what you say. Im use big e 8 pairs Im enter now usdcad {image}
For me looks like you entered in the middle of a range... I would have waited.
Building a Freedom All Time Return: 5,178.8%
  • #87,678
  • Jun 11, 2018 7:05am Jun 11, 2018 7:05am
Can anyone help please ?, I am looking for ism daily range indicator
  • #87,679
  • Jun 11, 2018 7:05am Jun 11, 2018 7:05am
Quoting ph2lsl
{quote} ok Im do what you say. Im use big e 8 pairs Im enter now usdcad {image}
Hi ph2lsl,

You must learn on your own and make all trading decisions on your own knowledge and experience. I am only here to share what I have learned and from my own experience build over many years here.

That trade entry using the PAC looks good except you could have enter at the open of that bar/HA candle.

Risk is the previous day high which acts as resistance. But there is enough room for a good R:R trade.

Also pay attention to weekend price gap which makes the TDI unreliable and it will take many bars later for it to correct. At least up to 34 bars.

See my comments on your chart posted.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD ph2lsl H1 trade TDI gap.png Size: 237 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,680
  • Jun 11, 2018 7:10am Jun 11, 2018 7:10am
Quoting robuk
Can anyone help please ?, I am looking for ism daily range indicator
!SM ADR Marker

look in the paper clip and do a name sort,

Attached Image (click to enlarge)
Click to Enlarge Name: !SM ADR Marker.png Size: 199 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
32 traders viewing now