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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

  • #90,681
  • Sep 9, 2018 6:36pm Sep 9, 2018 6:36pm
Quoting emmanuel7788
EURUSD Week 36 Sep 03 to 07, One of my cherry picked CURRENCY PAIR this week, CLOSED trades profits - 126 pips $439. OPEN position in floating loss now and I will keep this open over this weekend. We shall see how this last cherry will ripen next week. {image}
CHERRY PICK pair for Week 37 Sep 10 to 14 ... EURUSD D1

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,682
  • Sep 9, 2018 6:46pm Sep 9, 2018 6:46pm
Quoting emmanuel7788
{quote} Hi okoso, The low 110.34 of the WRB Week 28 is still in play and it should be support for next week's trading. If you look at the W1 price action, it has been trading in a narrow range for 6 weeks and it has not traded above or below its 5period SMMA PAC High-Low. Next week I will still be looking to swing trade on H4 until I see a breakout of the WRB Week 34 or a breakout of the Weekly PAC High-Low. Follow the H4 price action and try catch the reversals - swing low and swing high next week.... On Monday open I may consider a buy entry based...

USDJPY Week 37 Sep 10 ...

WAITING for that first cherry
cherries only ripen when they are still in their tree. do not pick the green ones.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,683
  • Sep 9, 2018 8:20pm Sep 9, 2018 8:20pm
Quoting emmanuel7788
{quote} CHERRY PICK pair for Week 37 Sep 10 to 14 ... EURUSD D1 {image}
Finally you're posting trades and your wins or losses. This is something you should of been doing from the beginning.
It really doesn't matter if people scream fake or not. If you think about it, most traders here dislike you but you continue to post without a care in the world so I don't see why showing trades would be any different for you

I respect you a little more now for doing this. To help your followers more you should show them what your looking at exactly and when you enter the trade to allow the new traders a visual of what an "Experienced TMS Trader" sees.

It doesn't matter if they lose because they are copying your trades. Its their own fault for following someone. In Forex you will win and lose and its up to them to decide if they want to join your trades or not.

I didn't pick cherries last week... I took the whole tree

Best of luck for upcoming week
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You will learn the most from your losing Trades
  • #90,684
  • Sep 9, 2018 8:53pm Sep 9, 2018 8:53pm
Quoting Tekkies
{quote} Please post the PM Jumper.

No need to now, since you don't deny it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #90,685
  • Sep 9, 2018 8:56pm Sep 9, 2018 8:56pm
Quoting Chenzo25
{quote} Finally you're posting trades and your wins or losses.
But you see, he's not!!

He's choosing what to post and what to not post. What he has posted I could also post with any amounts and any lines on the chart. They are meaningless. Yet, if we are to believe those posts, the information they show is NO DIFFERENT to that shown by a Trade Explorer etc etc, so why not just show the TE that he says he has???

It's just more smoke and mirrors right here in Fantasy Factory!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #90,686
  • Sep 9, 2018 9:22pm Sep 9, 2018 9:22pm
Quoting onejester
{quote} I know we are all different, but I just couldn't see how you could make a decision with all of that going on.
That is from the Alien thread. They have managed to line up indicators that reflect key aspects of price action. I would often indicators on the chart to see how they lined up against PA. You can usually get in few bars faster just using a naked chart, and by naked, I mean just candles or a line chart, not even a MA.
If you are good at something, never do it for free--Joker
  • #90,687
  • Sep 10, 2018 12:18am Sep 10, 2018 12:18am
Quoting realjumper
{quote} No need to now, since you don't deny it.
Don't be such a spoil-sport Jumper. Post the PM please.
  • #90,688
  • Sep 10, 2018 12:44am Sep 10, 2018 12:44am
Quoting lddd
{quote} It depends what you define as "lagging". An indicator takes past price action for its calculation. Actually a price bar/candle on your MT4 chart is pretty much the same, it also has some kind of calculation running to visualize on your chart. With lagging (i only speak for my self not for Emmanuel) i mean, the TDI Indicator SIGNAL green/red crossing is often times quiet late to the party. This probably depends on the settings and how many fakeouts or more accurate signals you want to get. In my case i am just using the default settings.
Iddd you ask how to avoid false signals.
What do you see on the two charts?
- H1 is below 4 close to 4:30
No entry because (blue dot's)
- H1 cross is on top of Support
- M15 green is flat (M15 / H1 green does not confirm direction)
- candles are small
- no or very small wicks
- M15 show consolidation which is starting to influence the bar size on H1
- Both Stoch are showing different directions
- London is about to open Market can go any direction.
- Look at Bar time. M15 must 2*15min to the hour - maybe there will be some direction in 30 min.
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  • #90,689
  • Sep 10, 2018 2:03am Sep 10, 2018 2:03am
Quoting Tekkies
{quote} Iddd you ask how to avoid false signals. What do you see on the two charts? - H1 is below 4 close to 4:30 No entry because (blue dot's) - H1 cross is on top of Support - M15 green is flat (M15 / H1 green does not confirm direction) - candles are small - no or very small wicks - M15 show consolidation which is starting to influence the bar size on H1 - Both Stoch are showing different directions - London is about to open Market can go any direction. - Look at Bar time. M15 must 2*15min to the hour - maybe there will be some direction in 30...
Use the dot's in previous post
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  • #90,690
  • Sep 10, 2018 6:21am Sep 10, 2018 6:21am
Quoting lddd
{quote} Yes but that won´t work well for day trading. H4 is a different thing, you have more time to read price action and probably hold your position for days or longer. A lagging indicator on a M15 for e.g where price might already moved 1-2-3 candle periods on until you get the TDI cross confirmed is a problem. Especially if you only look for 20-30 Pips/trade. Often i see price after the TDI Cross happened immediately starting to hook over and a fixed stop loss of lets say 10 Pips is triggered in no time.
@lddd,

Perhaps you can consider this as alternative to TMS , no more TDI just use the plain old RSI for momentum.
But use the Synergy APB instead of the standard HeikenAshi

https://www.forexstrategiesresources...rading-system/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,691
  • Sep 10, 2018 6:38am Sep 10, 2018 6:38am
Quoting emmanuel7788
{quote} Hi okoso. USDJPY Sep 07 update: We have a 3-bar swing high reversal setup using that week 34 t W1 WRB High as resistance. {image} {image} Trade Well.


Is this trade still valid, because it has pulled back a lot?

what is the exit strategy for this trade, and tp?
  • #90,692
  • Sep 10, 2018 6:54am Sep 10, 2018 6:54am
Quoting Tekkies
{quote} Iddd you ask how to avoid false signals. What do you see on the two charts? - H1 is below 4 close to 4:30 No entry because (blue dot's) - H1 cross is on top of Support - M15 green is flat (M15 / H1 green does not confirm direction) - candles are small - no or very small wicks - M15 show consolidation which is starting to influence the bar size on H1 - Both Stoch are showing different directions - London is about to open Market can go any direction. - Look at Bar time. M15 must 2*15min to the hour - maybe there will be some direction in 30...
Well sure you can filter out some false signals like this. But look how many things you recommend to check here.

- Doing top down analyses of H1/M15.
- Checking TDI
- Checking Stock
- Checking how candles are looking
- Checking for S/R

Did i missed a thing?

If you are doing this for every TDI Cross for multiple markets this can be a real nightmare and at least requires you to scan each chart manually for every hour (trading the H1) or even every 15 Minutes (if you want to get into the trade at a good point). Right?

Wouldn´t it be much nicer only having a TDI Cross visualized and signaled at all if there is really a high profibility chance for a positive outcome to the trade instead of having to deal with these "false signals" and doing your manually analyses for each TDI Cross maybe up to 12 times a day each hour just to see 10 times it was not even working out for 5 Pips?

If not please let me know how you manage this. I am highly interested :-) I know you said to me in the past not to focus on money. But i mean you must also have some kind of profit target for the day/week/month, at least in mind? What is it and how to you practical cherry picking like this trading the H1 with a positive outcome. I think this is crazy. It might work if you don´t have any targets at all and 90% just wait, do nothing and doing in depth analyse for every TDI cross multiple times a day.

So you could probably risk trading multiple lot positions because you know there is a very very good chance the 2 of 12 TDI Crosses you checked in all detail will work out positive for you. Otherwise its just insane, how do you want to stay profitable like this trading for a living for e.g. You would need to do the same but at least with lets say 500,000 USD in your account to be able to take the risk.
  • #90,693
  • Sep 10, 2018 7:07am Sep 10, 2018 7:07am
Quoting kain775
{quote} Is this trade still valid, because it has pulled back a lot? what is the exit strategy for this trade, and tp?
on D1, that 3 bar swing high setup still valid for sell. Cut-loss is above previous 2 weeks high.

take a look at your Weekly. it is sideways, therefore on H4 you can swing trade until it breaks out of the Weekly range.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,694
  • Sep 10, 2018 7:27am Sep 10, 2018 7:27am
Quoting emmanuel7788
{quote} on D1, that 3 bar swing high setup still valid for sell. Cut-loss is above previous 2 weeks high. take a look at your Weekly. it is sideways, therefore on H4 you can swing trade until it breaks out of the Weekly range.



so weekly WRB's can be traded with either a h4 or d1 setup?

how would you go about placing a tp with such a trade?

and what happened to your cut loss of closing the trade once the APB's changed to opposite colour, I am confused?
  • #90,695
  • Sep 10, 2018 10:37am Sep 10, 2018 10:37am
Quoting lddd
{quote} Well sure you can filter out some false signals like this. But look how many things you recommend to check here. - Doing top down analyses of H1/M15. - Checking TDI - Checking Stock - Checking how candles are looking - Checking for S/R Did i missed a thing? If you are doing this for every TDI Cross for multiple markets this can be a real nightmare and at least requires you to scan each chart manually for every hour (trading the H1) or even every 15 Minutes (if you want to get into the trade at a good point). Right? Wouldn´t it be much nicer...
Cherry picking? Yea right. Look how price made a check mark just like that when H1 green just past red.
Blue arrow show why. Angle of green (momentum) was not strong enough to break through Support.
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That is way I trade one chart only. I am not that good to glance at a chart like BigE did.
Yes your list is right. Only start with M15 TDI then H1. Both agree then start with post#647.
Not every hour. M15/H1 alarm when off to day so far twice (blue dots.)
Got no real Profit target (like to make 10% profit on Account balances ZAR R200.00 is ZAR R20.00) Reach it > nice / not > try tomorrow again.
You have to wait for the TDI cross to come your way. Starting to look for entry's on any chart you going to pick up problems
  • #90,696
  • Sep 10, 2018 12:18pm Sep 10, 2018 12:18pm
Quoting Tekkies
{quote} Cherry picking? Yea right. Look how price made a check mark just like that when H1 green just past red. Blue arrow show why. Angle of green (momentum) was not strong enough to break through Support. {image} That is way I trade one chart only. I am not that good to glance at a chart like BigE did. Yes your list is right. Only start with M15 TDI then H1. Both agree then start with post#647. Not every hour. M15/H1 alarm when off to day so far twice (blue dots.) Got no real Profit target (like to make 10% profit on Account balances ZAR R200.00...
Trading only one chart would be fine if signal alerts would be working here but like said most of the time I get those to late. Either it lags on the alert indicator or he TDI it self, not figured out yet.

But 2 TDI cross alarms for the M15 sounds pretty low to me... Are you sure there were only 2 alerts for the dax today?

Maybe I should give the H4 or Daily my time and just hold positions open for longer.

I simply don’t have the time to do all the analyses for each little TDI cross and come to some decision weather to trade it or not.

So i need either far less false signals filtered out at first instance without my manually need to have a detailed look at them or B a complete different strategy.
  • #90,697
  • Sep 10, 2018 12:27pm Sep 10, 2018 12:27pm
Quoting lddd
{quote}Are you sure there were only 2 alerts for the dax today?
How blue dot's do you count on M15 chart
(M15 cross at 07H00 that is sleeping time - alarm off)
  • #90,698
  • Edited 3:11pm Sep 10, 2018 2:28pm | Edited 3:11pm
Quoting Tekkies
{quote} How blue dot's do you count on M15 chart (M15 cross at 07H00 that is sleeping time - alarm off)
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Not sure what you mean, but here you go.

11 x TDI Cross for DE30, M15 today so far! One of them would be "ok". So only one good TDI setup out of 11 where you got called (if alerts on) to your computer screen to make all the manual analyse for every of these TDI Crosses, TDI Cross #12 is loading...

Or in other words 9,09% winners compared to a 90% chance you take a TDI Cross signal that ends in a loss or break even.

Code some TDI Cross alert would only alert me for TDI cross number 7, this would be a real time saver...

regards.
  • #90,699
  • Edited 7:49pm Sep 10, 2018 7:24pm | Edited 7:49pm
TMS Monitor Week 27 Sep 10

Cherry Picking season

The buyers of EUR and GBP crosses made some people very rich... but all that will come to an end. Then come the correction and others (sellers) will become rich having waited patiently and holding to floating losses and have the mental conditioning aka mental fitness to trade.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,700
  • Sep 10, 2018 7:48pm Sep 10, 2018 7:48pm
Quoting kain775
{quote} so weekly WRB's can be traded with either a h4 or d1 setup? ..
there is no general rule to trade the Weekly WRB with H4 and D1 setups.
the Weekly WRB has significant play when we are swing trading H4 and D1. There are many cases where the Weekly WRB did not cause the markt to go sideways.

use the WRBs in all different timeframes not only in Weekly TF to help see the changing market conditions. When we see WRB (H4 or D1) , we see if that becomes a Master Candle which is then seen as market consolidation and we trade potential breakout.

Quoting kain775
{quote} . how would you go about placing a tp with such a trade?
For long swing trading TP targets, I look at the Monthly swing levels in my Big Picture Plan. These trades can last several weeks.
For short swing trading, use the Weekly ATR (52 weeks). These trade last within the same trading week, i.e. close all by Friday before NY session close.

Quoting kain775
{quote} and what happened to your cut loss of closing the trade once the APB's changed to opposite colour, I am confused?
If you are trading with Single Entry/Single Exit SESE , then follow Big E exit rules using the TDI condition - flat, hook over,check-mark etc.

If you are trading with Position Building with average entry price using Multiple Entries/Multiple Exits MEME, then consider using the APB/HA colour change for exit when it is trending market type condition. However, if the market type condition changed from trending to narrow range, then you have the possibility to stay and wait for breakeven or smaller loss.

I too was confused initially when I first learned attending Kathy Lien seminar Trading Master Class. All the seminar participants have the SESE mindset and when she show how to add positions during a price retracement, almost everyone jumped up and screamed ..."adding to losing trades..".
It is a combination both money management and risk management strategies.

If you read Big E posts, he did use multiple entries on his old thread. But he did it differently because he did not use %Risk with Position Sizing.

I'll try find more of my cherry picked trades and post as examples for sharing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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