Trading Made Simple | Page 4761 | 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

  • #95,201
  • Apr 9, 2019 11:59am Apr 9, 2019 11:59am
H1 trade taken... how about that? We will see... Live report is much more exciting...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190409-195545_MetaTrader 5.jpg Size: 374 KB
  • #95,202
  • Apr 9, 2019 12:43pm Apr 9, 2019 12:43pm
Quoting emmanuel7788
{quote} here if your follow the OP post, he did say .. Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try.... {quote} I have been trading the D1 chart for years and today is just simply to add on more positions as the price moves in my favour. yesterday was TDI Green bounce, so today can add more positions in small steps. {image} when do I exit? make a guess!
Hi @emmanuel7788
would you mind tell us more about,
how will you add more positions inter-day when the D1 is moving into your favour .

Thanks you
  • #95,203
  • Edited 7:19pm Apr 9, 2019 6:46pm | Edited 7:19pm
USDJPY Apr 10 D1

don't be afraid to trade the Daily chart.

initial SL above Monday' High, that is your risk 'R'.

use that for Position Sizing, your trades lots size and maximum trades.

remember, trade small lots, add-on when you are in profits and lock-in the profits while you add-on.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Apr 10 D1 sell 10-04-2019 07-34-28.png Size: 23 KB


Beware of 110.70. It can trigger many sellers but we must wait and see how this Week will close and if the market type condition changes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,204
  • Apr 9, 2019 6:59pm Apr 9, 2019 6:59pm
Quoting huglau
{quote} Hi @emmanuel7788 would you mind tell us more about, how will you add more positions inter-day when the D1 is moving into your favour . Thanks you

Hi huglau,

remember when we trade with multiple entries, we use the average daily range ADR 100-days.
the basic is use 0.5ADR(100) which is conservative.
the EURUSD trade which I posted is more aggressive in the add-on entries. I use 0.1ADR(100). But these entries must be withing my money management risk control and I can do this when I have profits locked-in. Basically, trade like investor do i.e. to re-invest with banked in profits and minimal risk or what Bill Poulos would call risk free trades.

When to add-on? first make sure you have profits locked or banked-in.
The other way to add-on when you are monitoring your trades manually is to wait for a minimum time between positions to be say 4 hours, then look for RSI price line cross RSI signal line either in M15 or M5 (use Fozzy-RSI). This is dynamic add-on using time delay. Can be very tiring when you trade several pairs. But the TMS Monitor alert signals will help.

Otherwise, simply use pending orders from the last open position.

Remember, which ever method your chose Position Sizing and Risk Control are very important.

Trade Well,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,205
  • Apr 9, 2019 7:10pm Apr 9, 2019 7:10pm
Quoting hikaru259
{quote} Hi Emmanuel, can you help me to identify differences between Synergy_APB (on your chart) and Heikin Ashi candle (default indicator in MT4). Thank you.
Hi hikaru259,

Average Price Bar vs HeikenAshi ... APB vs HA

okie, see some of these old posts first and I will look for new examples in live market.

https://www.forexfactory.com/showthr...12#post9072512

https://www.forexfactory.com/showthr...00#post5338100

https://www.forexfactory.com/showthr...95#post5411795

https://www.forexfactory.com/showthr...48#post5412148

https://www.forexfactory.com/showthr...32#post8506332

https://www.forexfactory.com/showthr...1#post10272421

https://www.forexfactory.com/showthr...6#post10280096

lots more....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,206
  • Apr 9, 2019 7:37pm Apr 9, 2019 7:37pm
same chart better entries
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 587 KB
  • #95,207
  • Apr 10, 2019 12:38am Apr 10, 2019 12:38am
Quoting emmanuel7788
{quote} Good bodal. I have a trade business plan for 2018 to 2020 with financial objectives and key performance indicators. But I will not post it here in public forum. I will make a short summary and I will let you know. Meantime, if you have the time, you can read my posts from 2015 till 2017. This is how you will learn the way I trade and how trading with ME/ME will help grow an account quickly and generate cash flow. be patient, I need to run my business plan and it is progressing well. I will post results at end April as one of my milestone...
ok , thank you , I wait.
By the way , I read this thread every morning from 2013 , I think.
  • #95,208
  • Apr 10, 2019 1:59am Apr 10, 2019 1:59am
TRADE IDEAS

For those trading the Asian session, here are two examples of the TOK_5H breakout today.
I only trade these 3 pairs during Asian session when I have the time to monitor my charts.
You will find 5 good trades every week - with R:R 1:1.

AUDUSD

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Apr 10 TOK_5H breakout example.png Size: 53 KB


AUDJPY

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Apr 10 TOK_5h beakout example 10-04-2019 14-54-50.png Size: 53 KB


USDJPY

- none -

Watch the Tokyo 5H high - low later,

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Apr 10 Tokyo 5H high low 10-04-2019 15-05-26.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,209
  • Apr 10, 2019 2:10am Apr 10, 2019 2:10am
Quoting Divergence
same chart better entries {image}
Great stuff Divergence...thanks!


Quoting zhangshuo
{quote} Hi, Emma, since you said you were into this '2b,123' stuff, can I ask if you were doing this in the forex market or the futures market? What is your rules for entry ,SL, tp? Do you use pending limit orders or any price action confirmation, etc?
Hi Zhangshuo,

you find Divergence reply with examples above post. Now it is up to you to learn and spot those 123 and 2b on your trading charts. Try M1 and M5 if you are very fast scalper.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,210
  • Apr 10, 2019 2:16am Apr 10, 2019 2:16am
Quoting hikaru259
{quote} Hi Emmanuel, can you help me to identify differences between Synergy_APB (on your chart) and Heikin Ashi candle (default indicator in MT4). Thank you.

here, another comparison of the APB and HA.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Apr 10 H4 TMS reversal candle with APB.png Size: 38 KB


without the APB and HA, the price bars/candlesticks are the same.

Craig Harris NFF uses the price bar/candlestick reversal with Stochastics cross and he trade mostly on M15 charts durin the London session.

Big E uses the price action of the APB (which he call HA candles) for the reversal candle and he use both the signal from the Stochastics 8,3,3 and the TDI Red Green version Post#25. He traded the H4 candles and mostly his 10PM, 2AM and 6AM candle time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,211
  • Apr 10, 2019 2:49am Apr 10, 2019 2:49am
DE30 Apr 10 12 minutes to closing M15, H1 and H4,

study the TDIs version and what each show you.

H4 last bar/candlestick say good to go... but H1 still show hook back and it will point up when this H1 bar closes.



Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr 10 13min to close 10-04-2019 15-47-13.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,212
  • Apr 10, 2019 3:02am Apr 10, 2019 3:02am
DE30 TDI study compare

with 33 seconds to close, look closely at the TDIs in all timeframes,

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr10 M5 M15 H1 H4 35 seconds to go 10-04-2019 15-59-40.png Size: 76 KB



and now with the bar closed and new bar period open, look closely at the TDIs again.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr 10 M5 M15 H1 H4 new bar 10-04-2019 16-00-16.png Size: 75 KB


What do you learn?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,213
  • Apr 10, 2019 3:28am Apr 10, 2019 3:28am
Follow TDI.
Nothing funny, nothing complicated.
Same as all the other chart's posted.
Attached Image (click to enlarge)
Click to Enlarge Name: 10042019Woensdag lekker.PNG Size: 59 KB
  • #95,214
  • Apr 10, 2019 3:48am Apr 10, 2019 3:48am
Follow Price Action which show price momentum and the TDI will follow you...

the TDI which is the heart of this 5-Method is only moving average of the RSI data and it only shows the price momentum.

DE30 Apr 10 H4 Price Action at Support,

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr 10 H4 trade running 10-04-2019 15-58-25.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,215
  • Apr 10, 2019 6:24am Apr 10, 2019 6:24am
Thank TMS method. We had a trendline support and a good Long entry in AJ - H1 with cross signal and a good angle (12-2) of TDI. And when NY opens, we can take profit and prepare for reversal short entry (PA is close to resistance zone and got exhausted in up momentum), but keep low risk because it is up trend.
This is my idea, can all of you help me to give feedback? Thank you all.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 131 KB
  • #95,216
  • Apr 10, 2019 6:26am Apr 10, 2019 6:26am
Quoting emmanuel7788
{quote} here, another comparison of the APB and HA. {image} without the APB and HA, the price bars/candlesticks are the same. Craig Harris NFF uses the price bar/candlestick reversal with Stochastics cross and he trade mostly on M15 charts durin the London session. Big E uses the price action of the APB (which he call HA candles) for the reversal candle and he use both the signal from the Stochastics 8,3,3 and the TDI Red Green version Post#25. He traded the H4 candles and mostly his 10PM, 2AM and 6AM candle time.
Thank you so much. I got it.
  • #95,217
  • Apr 10, 2019 11:39am Apr 10, 2019 11:39am
Hi there what moving average is that yellow everyone is using for 4h chart and can that same moving average be used for 1hr ?
  • #95,218
  • Apr 10, 2019 1:59pm Apr 10, 2019 1:59pm
Quoting akizama
Hi there what moving average is that yellow everyone is using for 4h chart and can that same moving average be used for 1hr ?
it is the same yellow colour moving average in all timeframes.

use forum keyword search and you have 18 posts to read.

count the number of times he wrote shift 3 and not shift 2 ....

Attached Image (click to enlarge)
Click to Enlarge Name: TMS search keyword typical shift.png Size: 110 KB


that may lead you back to the beginning and follow the old yellow brick road.

read EVERYTHING the OP posted, study EVERYTHING, learn EVERYTHING, but you don't need EVERYTHING to make some money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,219
  • Apr 10, 2019 6:26pm Apr 10, 2019 6:26pm
Quoting emmanuel7788
USDJPY Apr 10 D1 don't be afraid to trade the Daily chart. initial SL above Monday' High, that is your risk 'R'. use that for Position Sizing, your trades lots size and maximum trades. remember, trade small lots, add-on when you are in profits and lock-in the profits while you add-on. {image} Beware of 110.70. It can trigger many sellers but we must wait and see how this Week will close and if the market type condition changes.

USDJPY Apr 11 D1

Day 3 of the correction, will this become a new swing reversal?

I am watching this closely and when it can test 110.70 to see if that will trigger more selling.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Apr11 D1 sell day2-1 11-04-2019 07-20-02.png Size: 26 KB


Good trading folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,220
  • Apr 10, 2019 6:37pm Apr 10, 2019 6:37pm
Quoting hikaru259
Thank TMS method. We had a trendline support and a good Long entry in AJ - H1 with cross signal and a good angle (12-2) of TDI. And when NY opens, we can take profit and prepare for reversal short entry (PA is close to resistance zone and got exhausted in up momentum), but keep low risk because it is up trend. This is my idea, can all of you help me to give feedback? Thank you all. {image}
at certain times, the market can go range bound... and also at ceratin times, it would be good to trade M15.

what shall we do as traders and want to trade accodting to our trading hours?

check out what the OP posted 7 years ago:

https://www.forexfactory.com/showthr...15#post4666115

Video tutorial:
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
166 traders viewing now