Trading Made Simple(r) | Page 39 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,881 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(r)
Exit Attachments

Trading Made Simple(r)

  • #761
  • Jun 29, 2019 10:25am Jun 29, 2019 10:25am
Quoting lddd
{quote} Thats a good question actually...
Look at the downtrends and uptrends, and see the difference you have clearcut, higher swing highs and higher swing lows in an uptrend, lower swing lows and lower swing highs in a downtrend. When it starts to range you will see a mixture of higher swing highs along with lower swing lows or lower swing highs with higher swing lows, it only takes one of those to realise its started to range so don't look to do either buy or sell.

Wait until there is a clear move again, for instance, if you want to buy it needs to have made first a higher high which shows buyers are coming in, followed by a higher low which shows there are not enough sellers to push it lower.

A ranging market is simply a balance of buyers and sellers roughly equally with none winning out, you want to wait until they've stopped fighting it out and just join the winning team.
Success means going from failure to failure without loss of enthusiasm
  • #762
  • Jun 29, 2019 10:32am Jun 29, 2019 10:32am
Quoting jgadefelth
the day you gain 16 percent, what was different from the other days ? best regards
The trend in the GBP pairs, I took a lot of pips in those pairs...
  • #763
  • Jun 29, 2019 10:39am Jun 29, 2019 10:39am
Quoting kirinda
{quote} Excellent results. What exit method are you using.
Apart from that explained by Mr. RH also check on lower temporalities as the price is behaving, obviously many times you go out and the price after the pullback returns to take the previous direction, but that does not matter since you can re-enter in the trade again...
  • #764
  • Jun 29, 2019 4:11pm Jun 29, 2019 4:11pm
Quoting Luttlebird
{quote} Could you please explain better. Thank you
Hey Luttlebird - if you look at your results there is no consistency in the lot sizing so that means you have not calculated your "$risk" per trade - this is absolutely critical. If you then look at your exits, there are no exit signals on the trades - looks like random exit spots with no plan. There are a few lot size calculators for free on the net.....get one of those so that your risk is constant and then read a little more about RH options of exit - pick a few and practice them in backtest (ie - find them on old data on MT4). I have attached a lot calculator SCRIPT for you - once installed, drag it on to chart and entry fields are risk (default is 0.5%) and stop in pips is second entry field - then press OK and it will tell you your lot size.
Attached File(s)
File Type: ex4 Lot Calculator - TFTC.ex4   2 KB | 436 downloads
  • #765
  • Jun 29, 2019 4:16pm Jun 29, 2019 4:16pm
Quoting lisat
{quote}Look at the downtrends and uptrends, and see the difference you have clearcut, higher swing highs and higher swing lows in an uptrend, lower swing lows and lower swing highs in a downtrend. When it starts to range you will see a mixture of higher swing highs along with lower swing lows or lower swing highs with higher swing lows, it only takes one of those to realise its started to range so don't look to do either buy or sell. Wait until there is a clear move again, for instance, if you want to buy it needs to have made first a higher high...
Well in theory the definition of a certain market condition like a trending or ranging market is clear to me. I am just not sure where to start looking at. Do you always look at the complete left side history of the chart up to the latest/current price action visible? Then this could be already end in different results for each trader maybe using different screen sizes...

So even for finding this "right" market condition there seems to be no fixed rule here what to do like you have in mathematics 1+1=2. Here its more like an "art" where every trader could come to different results again. By the end technical analyses no matter what part of consist of no proofed right or wrong.
  • #766
  • Jun 29, 2019 4:23pm Jun 29, 2019 4:23pm
Quoting neil001
{quote} Hey Luttlebird - if you look at your results there is no consistency in the lot sizing so that means you have not calculated your "$risk" per trade - this is absolutely critical. If you then look at your exits, there are no exit signals on the trades - looks like random exit spots with no plan. There are a few lot size calculators for free on the net.....get one of those so that your risk is constant and then read a little more about RH options of exit - pick a few and practice them in backtest (ie - find them on old data on MT4). I have...
Thank you for your advice.
Begin with the end in mind
  • #767
  • Jun 29, 2019 4:30pm Jun 29, 2019 4:30pm
Quoting lddd
{quote} Well in theory the definition of a certain market condition like a trending or ranging market is clear to me. I am just not sure where to start looking at. Do you always look at the complete left side history of the chart up to the latest/current price action visible? Then this could be already end in different results for each trader maybe using different screen sizes... So even for finding this "right" market condition there seems to be no fixed rule here what to do like you have in mathematics 1+1=2. Here its more like an "art" where...
Hey lDDD - you could make it rule based if you liked so that it is more mathematical!! For example, if you are going to trade a continuation on the Daily, you could make a rule that the HA color has to be the same for the last two or three bars on the H4 before you can enter daily.....that's rules based and no "art" involved. if you do this type of entry criteria, I would caution you to spend some time checking old charts to see exactly what conditions (how many bars) resulted in a winning trade more than a losing trade, that way you have just built a positive expectancy from that individual setup.
  • #768
  • Jun 29, 2019 9:43pm Jun 29, 2019 9:43pm
Please is it possible to use Heiken Ashi indicator on my android phone ?
If yes pls where can I get it downloaded. Thanks to all for your assistance in helping others
  • #769
  • Jun 29, 2019 10:39pm Jun 29, 2019 10:39pm
Quoting plutodev
Please is it possible to use Heiken Ashi indicator on my android phone ? If yes pls where can I get it downloaded. Thanks to all for your assistance in helping others
You can see the post 245.... Good luck.
  • #770
  • Jun 29, 2019 11:28pm Jun 29, 2019 11:28pm
Quoting lddd
{quote} Well in theory the definition of a certain market condition like a trending or ranging market is clear to me. I am just not sure where to start looking at. Do you always look at the complete left side history of the chart up to the latest/current price action visible? Then this could be already end in different results for each trader maybe using different screen sizes... So even for finding this "right" market condition there seems to be no fixed rule here what to do like you have in mathematics 1+1=2. Here its more like an "art" where...
Screen size has nothing to do with it. Its a structure, but the only way you can see that structure is to study charts. Nothing is guaranteed but the probabilites are in your favour if you first look for that structure before going into a trade. Later on, you can look for other things like divergence or whatever else, but first try to get high probability trades based on structure usually around support or resistance of some kind using whatever signal to enter you choose.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 85 KB
Success means going from failure to failure without loss of enthusiasm
  • #771
  • Jun 30, 2019 2:15am Jun 30, 2019 2:15am
Thread POLL RESULTS

on Jun 26, 2019

Attached Image (click to enlarge)
Click to Enlarge Name: TMSr Poll results Jun 26 26-06-2019 02-41-15.png Size: 48 KB


today Jun 30, 2019

Attached Image (click to enlarge)
Click to Enlarge Name: TMSr Poll Results 30-06-2019 15-00-46.png Size: 25 KB



very good, more members (from 28 to 41 now) believe they can make money trading this method.

so we all have some hard work to do starting a new month July and till end of 2019.

Read Post#1 and let that sink into our brains and when market open at New York Sunday 5pm, we should know exactly what to look for.... Weekly, then Daily ... then H4. If you are trading with MT5, you have more options H12, H8, H6, ...

Have a good trading week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #772
  • Jun 30, 2019 2:23am Jun 30, 2019 2:23am
Quoting lisat
{quote}Screen size has nothing to do with it. Its a structure, but the only way you can see that structure is to study charts. Nothing is guaranteed but the probabilites are in your favour if you first look for that structure before going into a trade. Later on, you can look for other things like divergence or whatever else, but first try to get high probability trades based on structure usually around support or resistance of some kind using whatever signal to enter you choose. {image}
And this "structure" can be displayed differently depending on how and where you look at it. The low for e.g you marked on this example chart could be a different one if you would have zoomed out your chart a bit more.

Also support and resistance levels can be different ones depending on how and where you start finding them not to mention that support can become resistance and vice versa at any time. So only looking for possible setups around such areas canīt be done before any fixed plan how and where to determine what you define as support or resistance.
  • #773
  • Jun 30, 2019 2:28am Jun 30, 2019 2:28am
Quoting emmanuel7788
Thread POLL RESULTS on Jun 26, 2019 {image} today Jun 30, 2019 {image} very good, more members (from 28 to 41 now) believe they can make money trading this method. so we all have some hard work to do starting a new month July and till end of 2019. Read Post#1 and let that sink into our brains and when market open at New York Sunday 5pm, we should know exactly what to look for.... Weekly, then Daily ... then H4. If you are trading with MT5, you have more options H12, H8, H6, ... Have a good trading week.
You already started to act like the topic is created by your self bro. Is there any place here actually where you donīt flood it with tons of posts day by day?

Everyone can see these voting results for themselves, there is no need for you to post about it, your life seems to be very boring my dear...
  • #774
  • Jun 30, 2019 2:31am Jun 30, 2019 2:31am
Quoting lddd
{quote} And this "structure" can be displayed differently depending on how and where you look at it. The low for e.g you marked on this example chart could be a different one if you would have zoomed out your chart a bit more. Also support and resistance levels can be different ones depending on how and where you start finding them not to mention that support can become resistance and vice versa at any time. So only looking for possible setups around such areas canīt be done before any fixed plan how and where to determine what you define as support...
Yes there would be lows all over the place, but all I'm interested in when looking at the chart is the immediate structure before I want to put in a trade on the timeframe I'm on. I've read most of your posts and for the most part I would say you're very good at finding reasons where things can go wrong, you need to step back, see the structures and realise that you are trading probabilities. So if you want to buy for example look at where there were obviously buyers coming in and that will be where they have managed to push price higher than where it was before, and the sellers have obviously lessened because they were unable to push the price lower than before, thats really all you need for a higher probability trade.
Success means going from failure to failure without loss of enthusiasm
  • #775
  • Jun 30, 2019 2:38am Jun 30, 2019 2:38am
Quoting lisat
{quote}Yes there would be lows all over the place, but all I'm interested in when looking at the chart is the immediate structure before I want to put in a trade on the timeframe I'm on.

A picture is better then 1000 words

Best regards
  • #776
  • Jun 30, 2019 2:40am Jun 30, 2019 2:40am
Quoting lisat
{quote}Yes there would be lows all over the place, but all I'm interested in when looking at the chart is the immediate structure before I want to put in a trade on the timeframe I'm on.
Yes ok.

Isnīt there any technical help at the indicators side simply could print a text "this chart is trending" or "this chart is ranging" to the top left somewhere? So i would be aware of this and could skip through multiple markets when ever the condition is not met and directly start focusing for finding setups for those where condition fits?
  • #777
  • Jun 30, 2019 2:42am Jun 30, 2019 2:42am
I would start looking at the Weekly chart to see if there is a CROSSOVER setup using RH six conditions in Post#1

Crossover Trades:

1. The HMA Line is Lime Green and crosses above the Yellow Line for long trades OR the HMA Line and is Deep Pink and crosses below the Yellow Line for short trades.

2. The candles must have just changed from Dodger Blue/Blue to Red/Maroon for short trades or from Red/Maroon to Dodger Blue/Blue for long trades.

3. After both # 1 and # 2 above have occurred, preferably, you want to initiate a trade after the 1st bar has closed on the same side of the Yellow Line as the direction of the trade or on the 2nd or 3rd candle ideally. Entering any later than that is more risky.

4. The trade set-up bar is the 1st candle to cross over the Yellow Line AND is the opposite colors of the previous candles. Both bars must either be: Red/Maroon or Dodger Blue/Blue. Red/Maroon for short trades or Dodger Blue/Blue for long trades. The set-up candle must close before you enter a trade.

5. The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts.

6. The RSI Line (Brown) must be on the same side of the Purple 50 line as the direction of the trade at the time of entry.

This is what makes it Trading Made Simple(r) before we even go into talking about price structure in lower timeframes.

Look at AUDNZD W1 as example, how many W1 Crossovers were there that provided good trades in lower timeframes?

Next week, do we prefer to look for sell or buy?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD W1 Week 27 30-06-2019 15-38-56.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #778
  • Jun 30, 2019 2:49am Jun 30, 2019 2:49am
Quoting lddd
{quote} Yes ok. Isnīt there any technical help at the indicators side simply could print a text "this chart is trending" or "this chart is ranging" to the top left somewhere? So i would be aware of this and could skip through multiple markets when ever the condition is not met and directly start focusing for finding setups for those where condition fits?
LOL that would be nice. Concentrate for now on one currency and 1 timeframe. I read where you posted that you just need 50 pips a week, that isn't many pips and that you prefer the m15 charts. So look at the currency with the highest atr I find gbp/jpy is highest of the ones I trade, look for those structures and see where you could have gone into a trade. When I trade the smaller timeframes I am more likely to look at the daily support/resistance rather than weekly.
Success means going from failure to failure without loss of enthusiasm
  • #779
  • Jun 30, 2019 3:01am Jun 30, 2019 3:01am
Quoting gj7rwt
{quote} Hi Emmanuel, Some time ago you said you were testing and alert for tmsr. Just wondering what is was and have you found it useful? I've been using the HMA arrows and all alerts indicator that seems ok and does the push notifications to mobiles which is what I need. Cheers Andy

Hi gj7rwt

Yes. I have a prototype version running tests for 2 weeks since and will continue testing for few more weeks just to sort out any bugs and to make sure it does not print old signasl and repaints.
Also working on a screener dashboard to screen all selected pairs for setups in different timeframes.

Your HMA colour change alert would be an early warning but we still must wiat till we have all 6 conditions fulfilled for a CROSSOVER setup alert.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #780
  • Jun 30, 2019 3:21am Jun 30, 2019 3:21am
Quoting lisat
{quote}LOL that would be nice. Concentrate for now on one currency and 1 timeframe. I read where you posted that you just need 50 pips a week, that isn't many pips and that you prefer the m15 charts. So look at the currency with the highest atr I find gbp/jpy is highest of the ones I trade, look for those structures and see where you could have gone into a trade. When I trade the smaller timeframes I am more likely to look at the daily support/resistance rather than weekly.
Yes, thanks for your kind help. Will do that.
14 traders viewing now, 1 is registered: