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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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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

  • #92,321
  • Oct 30, 2018 1:40am Oct 30, 2018 1:40am
hello emmanuel in your chart you can see both full bar as well as HA candle can you post setting or tpl for viewing both things?
  • #92,322
  • Oct 30, 2018 3:12am Oct 30, 2018 3:12am
Quoting dharmikpatel
hello emmanuel in your chart you can see both full bar as well as HA candle can you post setting or tpl for viewing both things?

No need for any special template.

Big E sees his price bar chart in the background of the HA candles like in his chart below:

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I see my price as Bar Chart in the Foreground of the HA candles.
Reason is I trade with Price Action using the price bars. The HA candle has good features which I use.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,323
  • Oct 30, 2018 3:15am Oct 30, 2018 3:15am
Quoting Sachu
{quote} Hi Emm, Did you use an Expert Adviser for this Back test? Cheers! Sachu

NO. It is not any of those auto trading robot expert advisor if that is what you mean.

You can use any of the trade simulators posted in this thread by other members. A good one ForexTester 3.0 or the LFH Simulator.
These allows you to test any strategy using the history live data.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,324
  • Oct 30, 2018 3:17am Oct 30, 2018 3:17am
Quoting lddd
GU closed profitable with trailing stop, DE30 exit manually with little loss.{image} Anyways. Account almost doubled in less than 2 month.

when you can double your account in 2 months then you can simply repeat what you have done in that 2 months.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,325
  • Oct 30, 2018 3:23am Oct 30, 2018 3:23am
JPY pairs waiting for tomorrow' BOJ action.

UJ rallies ahead...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,326
  • Oct 30, 2018 4:49am Oct 30, 2018 4:49am
Quoting emmanuel7788
{quote} when you can double your account in 2 months then you can simply repeat what you have done in that 2 months.
No, every new trade is different...
  • #92,327
  • Oct 30, 2018 6:50am Oct 30, 2018 6:50am
Quoting lddd
{quote} No, every new trade is different...
Iddd
Emmanuel means the same rules, method, self-discipline
#119...............You can't get different results if you keep doing the same thing over and over...
  • #92,328
  • Oct 30, 2018 11:29am Oct 30, 2018 11:29am
Quoting Tekkies
{quote}You can't get different results if you keep doing the same thing over and over...
Sure you can. Market conditions change all the time. There is no gurantee for repeating results (even if you do all the same things over and over). Yet another misleading quote by BigE. But i understand what is meant.
  • #92,329
  • Oct 30, 2018 2:30pm Oct 30, 2018 2:30pm
Quoting lddd
{quote} Sure you can. Market conditions change all the time. There is no gurantee for repeating results (even if you do all the same things over and over). Yet another misleading quote by BigE. But i understand what is meant.
Agree to disagree.
  • #92,330
  • Edited 1:01am Oct 31, 2018 12:10am | Edited 1:01am
Market conditions may change but all pairs have a sort of wave characteristic that can be relied on to occur again. We can bet with real money that a repeat in a certain signal is likely to reappear soon.
For example certain pairs do show good trending characteristics that allow a green cross a much higher chance of a long run like all GBP and JPY pairs.
My testing shows currency pairs seem to go through a 2-3 year cycles with the same characteristic wave formation so we can safety bet on Similar profit results if we use the same and similar strategy.
Trading thin liquidity at the boundary of the charts
  • #92,331
  • Oct 31, 2018 2:03am Oct 31, 2018 2:03am
Just thought I'd chime in here and say that I've been using this successfully for several weeks now. I only have time for daily charts, but being in Australia the open is at 8am right now which is perfect. I'm only trading 0.01, but I've already made over 2000 pips in a few weeks. I just cycle through every pair every morning and don't even look until the next day. I'm trading every pair of major/minor and some of the exotics too.
  • #92,332
  • Oct 31, 2018 3:14am Oct 31, 2018 3:14am
Quoting jarro2783
Just thought I'd chime in here and say that I've been using this successfully for several weeks now. I only have time for daily charts, but being in Australia the open is at 8am right now which is perfect. I'm only trading 0.01, but I've already made over 2000 pips in a few weeks. I just cycle through every pair every morning and don't even look until the next day. I'm trading every pair of major/minor and some of the exotics too.
Please share some screenshots of some of your trades. thank
Trading has been and always will be, a hard way to make an easy living.
  • #92,333
  • Edited 9:02am Oct 31, 2018 8:49am | Edited 9:02am
My last two trades left open while sleeping.

Notice the hell of a lot shit signals the TDI gave on both charts again.


GBP/USD long
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USD/CAD long
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  • #92,334
  • Oct 31, 2018 2:15pm Oct 31, 2018 2:15pm
Quoting Boobligoom
{quote} Please share some screenshots of some of your trades. thank
Sure.

EURCHF is still open.

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GBPCHF last week. I marked it with a big fat green line.

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I'm not too fussed by entries, it can be give or take 10 pips, because I'm aiming for over 200 per trade. Losers can be cut off at 50 to 100. For example this AUDCAD sell from the other day went about 40 pips against me and I closed it at the open of the next day.

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  • #92,335
  • Oct 31, 2018 7:32pm Oct 31, 2018 7:32pm
Quoting emmanuel7788
{quote} EURUSD Week 40 Oct 02 to 05 Update: {image} {image}

EURUSD Week 44 Nov 01 2018


EU heading to new low ..12419

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,336
  • Nov 1, 2018 2:08am Nov 1, 2018 2:08am
Quoting jarro2783
{quote} Sure. EURCHF is still open. {image} GBPCHF last week. I marked it with a big fat green line. {image} I'm not too fussed by entries, it can be give or take 10 pips, because I'm aiming for over 200 per trade. Losers can be cut off at 50 to 100. For example this AUDCAD sell from the other day went about 40 pips against me and I closed it at the open of the next day. {image}
thank. I also want to trade on daily charts. I have little time to trade because of work
Trading has been and always will be, a hard way to make an easy living.
  • #92,337
  • Nov 1, 2018 2:24am Nov 1, 2018 2:24am
I took this one this morning. Got lucky with the news a bit though.

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You just sometimes have to wait out several days of the trade being negative. But if TDI hasn't turned, stay in. I've only ever taken a few losses back to the last swing low/high, most of the time I can get out with a small loss.

Take a look at USDZAR, USDNOK, USDSGD, USDMXN. The trends on the daily charts are amazing. I took one recently on USDNOK:
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  • #92,338
  • Nov 1, 2018 9:33am Nov 1, 2018 9:33am
AUD/USD long. Poor exit.

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  • #92,339
  • Nov 1, 2018 9:53am Nov 1, 2018 9:53am
Is there anyone who follows the rules exactly as described by eelfranz? So far I have seen nobody who strictly follows the TMS rules, especially the exits when the TDI is flat or shows a check mark.
Videsha Mudal Welenda
  • #92,340
  • Nov 1, 2018 10:46am Nov 1, 2018 10:46am
Quoting VanTharp
Is there anyone who follows the rules exactly as described by eelfranz? So far I have seen nobody who strictly follows the TMS rules, especially the exits when the TDI is flat or shows a check mark.
You have to think outside the box and create your own rules. I think itīs much more important than trying to copy & paste static rules. Because markets are dynamic and change all the times. You have to adapt to this or at least bringt your self into a situation where you are able to adapt at ANY TIME if necessary.

Take a look at a few recent charts for the last weeks and test your self how good these TDI entry/exit rules would have played out.

Personally, i never closed any trade 100% to a TDI exit rule but i also do not trade these H4 setups. My trades are very short term focused and therefor in most times i am able to monitor the trade and exit manually at a far better point instead to wait for such condition to happen.

If you canīt monitor your trades i think maybe a trade manager here based on your personal money management/risk plan, will work better instead of closing your trades based on the TDI indicator.
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