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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

  • #87,881
  • Jun 27, 2018 1:58am Jun 27, 2018 1:58am
how do you get the multichart?
  • #87,882
  • Jun 27, 2018 2:04am Jun 27, 2018 2:04am
Quoting ingob
how do you get the multichart?
FAQ.

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.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,883
  • Jun 27, 2018 2:39am Jun 27, 2018 2:39am
SL was hit.
GBPUSD M15 gross up. H1 is lagging.
Red news spike.
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  • #87,884
  • Jun 27, 2018 3:01am Jun 27, 2018 3:01am
thanks, first only one question , then I practice times. what is the 5-method?
  • #87,885
  • Jun 27, 2018 3:25am Jun 27, 2018 3:25am
Quoting emmanuel7788
{quote} The person who call this thread the COMEDY thread never posted here. You have a reading and understanding problem. I know English is not your first language. I call you the joker in this thread since 2016.
Joker? Like that a lot.
I see you found a new name for the mother bar candle it is called now Arjun's candle.
I see you are promoting a new method borrowed form a other thread where you found Arjun candle
I see you still like to contradict yourself.
- "I don't trade time frames. I trade the market types" Post 87,825
(one of many post's)

Nice going emmanuel. Keep up the good work.
  • #87,886
  • Jun 27, 2018 3:55am Jun 27, 2018 3:55am
Quoting Tekkies
{quote} Joker? Like that a lot. I see you found a new name for the mother bar candle it is called now Arjun's candle. I see you are promoting a new method borrowed form a other thread where you found Arjun candle I see you still like to contradict yourself. - "I don't trade time frames. I trade the market types" Post 87,825 (one of many post's) Nice going emmanuel. Keep up the good work.

I like this joker aka Tekkies.

He reads but and he does not understand what I posted. He still thinks I contradict myself because he could not pieced together what I posted at different times therefore he could not see the picture.

A simple price action like a Harami is also another name for an Inside Bar.
To be an Inside Bar, you need to see the Mother Bar first otherwise you cannot call that a Harami aka Inside Bar.

An Arjun Candle is what LE1 who trades TMS 5-Method in M15 timeframe during the London session. Arjun is his real name and that is what we like to call him in our skype group back then. That M15 setup candle is named after him.
If you like to trade M15, then he is the best TMS M15 trader since 2012. There was also X-Man back then and we all have a lot of fun trading together in the skype group.

Mother Bar and Arjun candle are not the same thing. You must see the details in order to know the difference and be able to spot them and trade with them.

Going forward, I will post more M15 examples for you all to learn. I traded mostly H4 and D1 but when I have time during the Asian morning session I do take M15 and H1 trades using my SYD_2H breakout and also the TOK_5H breakout when there are setups after Tokyo sushi lunch time.

I prefer to swing trade using H4 and D1 because it is the most profitable for me.

Like I said earlier, I don't trade timeframes and I trade the Market Type. Unless you understand what Market Types are you will not understand what I meant by "I dont trade timeframes and I trade the market types".

You folks have plenty to read and learn.

More posts will follow, so stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,887
  • Jun 27, 2018 4:06am Jun 27, 2018 4:06am
Quoting emmanuel7788
{quote} I like this joker aka Tekkies. He reads but and he does not understand what I posted. He still thinks I contradict myself because he could not pieced together what I posted at different times therefore he could not see the picture. A simple price action like a Harami is also another name for an Inside Bar. To be an Inside Bar, you need to see the Mother Bar first otherwise you cannot call that a Harami aka Inside Bar. An Arjun Candle is what LE1 who trades TMS 5-Method in M15 timeframe during the London session. Arjun is his real name and...
Love it!!!!!!!!!!
Now since I have posted M15 chart's all of a sudden M15 is the way to go. Come emmanuel. How many times in the last 3 year's have you mentioned Arjun or LE1.

Look's like you need other member's thread's or post's to have something to post about.

Anyway
GBPUSD M15
Attached Image
  • #87,888
  • Jun 27, 2018 4:12am Jun 27, 2018 4:12am
GBPUSD M15 another example

This M15 closes the H1 candle, so you know what that mean.

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Remember this below when you want to trade the best of M15 traders here in TMS. It is LE1.

Do it right!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,889
  • Jun 27, 2018 4:16am Jun 27, 2018 4:16am
Perhaps this multi chart below showing the H1 is better,

4 x M15 candles make one H1 candle...

do your bar/candle count and know whihc bar/candle closes to see a new H1.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 26 BPP M15 H1 arjun.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,890
  • Jun 27, 2018 4:25am Jun 27, 2018 4:25am
Quoting Tekkies
{quote} Love it!!!!!!!!!! Now since I have posted M15 chart's all of a sudden M15 is the way to go. Come emmanuel. How many times in the last 3 year's have you mentioned Arjun or LE1. Look's like you need other member's thread's or post's to have something to post about. Anyway GBPUSD M15 {image}

I have mentioned LE1 and given my tribute to him and also X-Man in this thread since 2014.


here is one example,

Quoting emmanuel7788
{quote} Hi heispark, Just use the Exponential MA set to Close price. The 10/50,200 EMA are used in many trading systems and also in many automated systems. Eelfranz aka Big E played with dispalced 5EMA (5EMA shift+3, Close) but he never explained why he did that. Do not use any shift on the moving average. The shift is also known as Displaced Moving Average used by professional traders like Joe Dinapoli. Google 'Displaced Moving Average' and you will find also a wikipedia on that. It is another way how traders use the 'shift' like some sort of a...

just do a simple Forum search using keyword "LE1", and you will find lots of posts here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,891
  • Jun 27, 2018 4:53am Jun 27, 2018 4:53am
Quoting Tekkies
{quote}Anyway GBPUSD M15 {image}
Closed order's. Red news spike. Tomorrow will have more opportunisties.
Attached Image
  • #87,892
  • Jun 27, 2018 6:07am Jun 27, 2018 6:07am
When to let profit run?

One of the many things I learn over many years here and experienced myself is knowing when to switch from a M15 trade to H1 trade and manage that in the H1 timeframe.

GBPUSD M15 today example is a good one when we see a M15 trade setup entry and when the H1 also show a setup later, we can simply switch our trade management and manage the trade(s) in H1. You must look at H4 and D1 just to be sure these agree with your trade exit management.

Also important is to use the Average Price Bar APB /Heiken Ashi HA candles to help you in making trade decisions.

Now we look at H4 when the current candle closes and see if we can switch the trade to a H4 swing trade and with some profit protected and let it run in H4.
Look for support where price can bounce from.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 26 Jun 27 BPP M15.png Size: 70 KB


I have some open positions on D1 and with some taken profits, I will let them run down to the current Month low.

Manage well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,893
  • Edited 4:45pm Jun 27, 2018 6:37am | Edited 4:45pm
Start looking at the EUR and GBP crosses and make trade plans for next week/month.

EURAUD, EURCAD and EURNZD
GBPAUD, EURCAD and GBPNZD

can be our half-year bonus.

I take a break now and go watch my big screen World Cup games telecast.

Enjoy.

Edit: should be GBPAUD, GBPCAD and GBPNZD above ...typo.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,894
  • Jun 27, 2018 11:48am Jun 27, 2018 11:48am
At the weekend in top down planning, I decided to watch EURUSD for a continuation of the down trend on D1. Monthly and weekly are tending down. But being aware or sideways market between the high of 13 June and the low of 21 June. I chose to trade swings on H4 between high and low and entered accordingly using MEME.

My first entry I set long, to automatically enter using EA. Being quite high in the swing range I set that the bag of trades would not continue after exiting with a profit.
Estimating the top of the swing, I then set my EA to enter short. Have decided to stop as I have reached my requirement for the week on this pair. That was a simple explanation. I did use the TDI but only on M5 period to Exit in profit lock and re-enter after the last bag closed. I do use dynamic SL set to a price that is the average of all trades in the bag less 1.5 ADR(100) for a long trades and the reverse for short trades. I go to a max of 5 MEME trades at the moment. Edit: but not needed here.

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  • #87,895
  • Jun 27, 2018 4:24pm Jun 27, 2018 4:24pm
Quoting nigpig
At the weekend in top down planning, I decided to watch EURUSD for a continuation of the down trend on D1. Monthly and weekly are tending down. But being aware or sideways market between the high of 13 June and the low of 21 June. I chose to trade swings on H4 between high and low and entered accordingly using MEME. My first entry I set long, to automatically enter using EA. Being quite high in the swing range I set that the bag of trades would not continue after exiting with a profit. Estimating the top of the swing, I then set my EA to enter short....

EURUSD watch for new lows....

the current year low is 1.1510 and the BRN 1.150 is not far away.
breaking the Week 25 low would be significant when that support gives way.
in coming week(s) it can hit 1.1450 and below.

I remain on the sellers side... until it breaks a two weeks high.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,896
  • Jun 27, 2018 4:43pm Jun 27, 2018 4:43pm
Quoting emmanuel7788
When to let profit run? One of the many things I learn over many years here and experienced myself is knowing when to switch from a M15 trade to H1 trade and manage that in the H1 timeframe. GBPUSD M15 today example is a good one when we see a M15 trade setup entry and when the H1 also show a setup later, we can simply switch our trade management and manage the trade(s) in H1. You must look at H4 and D1 just to be sure these agree with your trade exit management. Also important is to use the Average Price Bar APB /Heiken Ashi HA candles to help...

GBPUSD Week 27 Jun 28 update.

Converting the trade(s) to H4 and managing them in H4 management has worked out and was the right decision.

Lesson learned : When you trade in a particular timeframe, say H1, you manage in that timeframe(H1) and Do Not look at lower timeframe e.g. M15 to manage your trades and exits.

From now on we manage in H4 since we switched to H4 trades.

But expect some reaction at the last swing low on D1 and the BRN 1.3100. How much the reaction, we do not know and it depends on the time of the day and if there are any major events today and tomorrow.

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The question now is what is your exit strategy?

Aggressive exit or Conservative exit in H4?

How do we as traders decide this one?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,897
  • Jun 27, 2018 5:45pm Jun 27, 2018 5:45pm
Quoting Roni26
{quote} Hi Emmanuel- Are you in this trade below? if not I would like to know if you class it as a good trade. Kind regards, Roni {image}
Attached Image (click to enlarge)
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Quoting emmanuel7788
{quote} Nope. I don't trade H1... only 4H swing and D1 position trading.
A few PMs from members asking about why I don't trade H1.

some people got confused with my reply to Roni26 post above linked.

When I replied him, it was to reply his question on that chart he posted.

It is not a general answer that I do not trade H1. This is also the same problem many people here reading Big E's posts jump to wrong conclusion when he posted replies to other members posts/question. He often reply to that particular situation asked and not as general type of answer.

My answer was referring to his chart with the H1 PAC setup. I don't trade that H1 PAC setup.
I do use low timeframes like M5, M15 and also H1 for entries when I siwng trade H4 and D1.
I don't specifically look for H1 PAC setup trades but I use my TOK_5H and look for entry during the day after Tokyo lunch time. Be mindful of the overlap hours of the Tokyo market session with the London session. You find often fakeys around when the Tokyo session is closing and closed... 1 to 2 hours.

If you mark the high-low of the first 5 hours of the Tokyo session and if that high-low ranged is narrow(low ranged), you will find breakout of that low range during the rest of the day.

Sorry about this confusion.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,898
  • Jun 27, 2018 5:55pm Jun 27, 2018 5:55pm
NZDUSD move lower as some 'expected'.
But we follow simple rules using the 10EMA/50EMA and 200EMA in different timeframe charts.

Note how the MN and W1 tells the 'short' story regardless the Kiwi rate announcement. Not need to speculate any buying NZDUSD when it made extreme low, as it can contiue to make deeper extreme new lows.

It will end in sideways market type soon. How soon? I don't know neither do I want to start buying now until I see new buyers. Anything can happen.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,899
  • Jun 27, 2018 6:09pm Jun 27, 2018 6:09pm
What is TOK_5H breakout trade?

It is just one way to look TMS trades every day.

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Indicator and pdf attached in the 2014 post linked below.

https://www.forexfactory.com/showthr...82#post7385582

It simple and no need for tutorials whatsoever.

If your trading hours are in the early morning Sydney time, then you have the SYD_2H breakout trade opportunity first. If there is no breakoit, then the TOK_5H is your next opportunity.
Every week you have 3 to 5 good trades. Do we need more?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,900
  • Jun 27, 2018 10:34pm Jun 27, 2018 10:34pm
Took a long time to develop.
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