Trading Made Simple | Page 4858 | 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

  • #97,141
  • Jul 8, 2019 5:58am Jul 8, 2019 5:58am
i'm glad i stoped trading live after losing $100.. realised i'm not there at all.

i will never use anything popular like ma rsi stoch etc etc... only strength indicator which can impossibly get obsolete.
  • #97,142
  • Jul 8, 2019 7:09am Jul 8, 2019 7:09am
Quoting emmanuel7788
{quote} {image} Post#647 When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last reversal... big, little, what How does the momentum look right now (12-2, 4-6) Does Stoch's confirm the TDI signal Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it... {image}
With only the m15 and H1 charts that you posted, I would be sitting and watching m15 to make a rally, then go short at the swing back down if TDI green X red down, etc. But it would be way better to also have the H4 posted to see what is happening there.
To free Gazans of Hamas, use whatever it takes.
  • #97,143
  • Jul 8, 2019 7:24am Jul 8, 2019 7:24am
Quoting emmanuel7788
{quote} hey Tekkies 1) You are still a newbie who does not know how to follow Post#647. Your M15 was buying into a H4 consolidation zone and your traded against the H1 and H4 TDI and H1 and H4 PA. Simple as that. Exactly the same scenario right now as Frankfurt Open today.... in realtime market . See chart below, buying M15 is low probability... {image} 2) All your questions were asked before and answered. You simply need to - READ THE THREAD AND TAKE NOTES. READ and STUDY.... Anyone can teach you to read but nobody is going to teach you how to...
According to the rules, yes, a buy has low probability of success. However, the fact that m15 completed a rally and continuation to the last H1 down leg, which also completes H1 making a rally and continuation to H4 down leg gives high probability that price will rise as we work on a rally on H4. (Actually, I would check the H2 and H8 charts to get more information to decide exactly which chart we should focus on and in which direction to trade.)
To free Gazans of Hamas, use whatever it takes.
  • #97,144
  • Jul 8, 2019 7:31am Jul 8, 2019 7:31am
Quoting Tekkies
{quote} You were say what? {image}
LOL. Now that I see the charts posted in #97140, I see my analysis of the H4 down being over and it is TIME for working on its rally (which might be a market reversal, but can't tell without higher time frame charts) was spot on.
To free Gazans of Hamas, use whatever it takes.
  • #97,145
  • Jul 8, 2019 7:39am Jul 8, 2019 7:39am
Quoting emmanuel7788
DE30 Jul 08 M15 ... now that M15 candle closed and the TDI Post#25 paints an update. Before : {image} Compare both TDIs.... Note how steep the TDI Red Green #25 Green line is...it follows the price volatility.... big candle! After: {image}
Of course TDI Red Green #25 follows price action more closely than Synergy TDI pro because the TDI #25 has not been smoothed as much as the Synergy TDI.
To free Gazans of Hamas, use whatever it takes.
  • #97,146
  • Jul 8, 2019 7:52am Jul 8, 2019 7:52am
Quoting Tekkies
Time to go down. - Those wicks on H1 is to long. - M15 angle is below 5 {image} edit: breakeven {image} Enough post's for one day.
I don't agree completely. It is highly unlikely that it is TIME for H1 to go down. However, it would not be unexpected for m15 to make a pullback now, and then make an up continuation. It is POSSIBLE that H1 will also make decent pullback along with m15, but it is low probability. That is why you need to be checking m30 and H1 as m15 goes down to see how far this down move ripples up through the higher charts.

As for the wicks on H1, it is appearance of bottom wicks during an up move that are more telling of the up move coming to an end.
To free Gazans of Hamas, use whatever it takes.
  • #97,147
  • Jul 8, 2019 7:58am Jul 8, 2019 7:58am
Quoting Tekkies
-- M15 has done it's job. Now H1 has taken over the trade. Take note of the green angle. It is almost two houers above the angle of 1. Am using the principle as previously posted. Look at chart Post 95,596. (This time price went up and not down) Anyway price can do what it want's. Profit has been locked in with a stop loss. {image}
Actually, you need to add some context for your determination of exactly what "job" m15 had. You need to post the H2 and H4 charts to see which is really in control, and then what "job" m15 is supposed to be fulfilling, and whether we should move our focus to m30 or H1.
To free Gazans of Hamas, use whatever it takes.
  • #97,148
  • Jul 8, 2019 8:03am Jul 8, 2019 8:03am
Quoting Tekkies
Time to go down. - Those wicks on H1 is to long. - M15 angle is below 5 {image} edit: breakeven {image} Enough post's for one day.
How did you scratch? You said the post before that "profits locked in", not "loss locked out".
To free Gazans of Hamas, use whatever it takes.
  • #97,149
  • Jul 9, 2019 3:13am Jul 9, 2019 3:13am
As of a few minutes ago, I am Short Aud/Usd.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 75 KB
Vincit qui se vincit.
  • #97,150
  • Edited 4:03am Jul 9, 2019 3:21am | Edited 4:03am
Quoting Pippopotamus
As of a few minutes ago, I am Short Aud/Usd. {image}
Nice. Now look at m15 and m30 to rally. When they swing down and you get the TMS sell signal, you can add on if H4 did not also swing up.
To free Gazans of Hamas, use whatever it takes.
  • #97,151
  • Edited 5:23am Jul 9, 2019 5:09am | Edited 5:23am
Quoting Pippopotamus
As of a few minutes ago, I am Short Aud/Usd. {image}
Hello sir, i like your template! Can you be so kind to share your TMS arrow indicator with me?
  • #97,152
  • Jul 9, 2019 7:16am Jul 9, 2019 7:16am
DE30 Jul 09 M15

... now is good setup to sell M15

Follow H4
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Jul 09 M15 H1 H4 NYO 09-07-2019 20-13-26.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,153
  • Jul 9, 2019 7:20am Jul 9, 2019 7:20am
Quoting DrDave
{quote} Of course TDI Red Green #25 follows price action more closely than Synergy TDI pro because the TDI #25 has not been smoothed as much as the Synergy TDI.

.. that's just one of the different characteristics of the two TDIs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,154
  • Jul 9, 2019 7:22am Jul 9, 2019 7:22am
Quoting DrDave
{quote} According to the rules, yes, a buy has low probability of success. However, the fact that m15 completed a rally and continuation to the last H1 down leg, which also completes H1 making a rally and continuation to H4 down leg gives high probability that price will rise as we work on a rally on H4. (Actually, I would check the H2 and H8 charts to get more information to decide exactly which chart we should focus on and in which direction to trade.)

do you trade using MT5? H2 and H8.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,155
  • Jul 9, 2019 7:29am Jul 9, 2019 7:29am
Quoting DrDave
{quote} With only the m15 and H1 charts that you posted, I would be sitting and watching m15 to make a rally, then go short at the swing back down if TDI green X red down, etc. But it would be way better to also have the H4 posted to see what is happening there.
in my chase, H4 is my dominant/primary trend chart timeframe.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,156
  • Jul 9, 2019 8:25am Jul 9, 2019 8:25am
Quoting timidave
{quote} Hello sir, i like your template! Can you be so kind to share your TMS arrow indicator with me?
Search for Xaphod indicators.
Vincit qui se vincit.
  • #97,157
  • Jul 9, 2019 8:31am Jul 9, 2019 8:31am
Quoting emmanuel7788
{quote} do you trade using MT5? H2 and H8.
I chart mostly using NinjaTrader and make entries on MT4 chart. (I think it costs too much to do live trading on NinjaTrader charts, especially when I can make my trades on NT4 for free.)

Depending on with whom I am chatting, I use either a set of charts of m1,m2,m4,m8,m16,m32,m64,m128,m256,m512,m1024,m2048
or a set of m1,m2,m4,m8,m15,m30,H1,H2,H4,H8,H16,D1 (D2,D4,D8,W1,W2,W4)

I first find the "control chart", then the "focus" chart, and then start looking for trades on the focus chart. As the time and price progress, the focus chart moves up in timeframe. When the focus chart is large enough timeframe and not "too close" to the control chart, it is often worthwhile to establish the "counter-control" chart and start making counter-trend trades (like the one that tekkies took on m15 without considering H1 or H4) as well. This let's me take pips both "coming and going". LOL
To free Gazans of Hamas, use whatever it takes.
  • #97,158
  • Edited 9:43am Jul 9, 2019 8:50am | Edited 9:43am
Quoting emmanuel7788
{quote} in my chase, H4 is my dominant/primary trend chart timeframe. {image}
That set of charts can work for many, many situations. However, as "cycles" ripple up through the timeframes and the H4 reverses, you really need H8, H16 (or D1) to look at. It will be one of those (and in rare cases W1) that is the "control" chart that shows the direction bias. When H4 reverses, is it because it is making a retracement leg to a larger control chart, or is there such a strong trend running that these retracements (that are leading up to reversing the control chart) are swamped and stopped at the H4, and now we have to watch for them to start again all the way back at m1? (If the retracements can't ripple up higher than about m15, then restart at m1, you see the market continue in a runaway trend because price moves on m15 are often too weak to make a dent in a chart above H4). If they can ripple up to about H1, then fall back and start over with m1, this typically shows on the chart as a sideways move for several bars.)
To free Gazans of Hamas, use whatever it takes.
  • #97,159
  • Edited 9:16am Jul 9, 2019 8:52am | Edited 9:16am
If TMS-Osc reaches 24 level, or if price reaches RN, I will close position. This is not a class A trade.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 76 KB
Vincit qui se vincit.
  • #97,160
  • Jul 9, 2019 9:10am Jul 9, 2019 9:10am
Quoting emmanuel7788
DE30 Jul 09 M15 ... now is good setup to sell M15 Follow H4 {image}
Comparing the DE30 charts in post #97157 with those in post #97138, we see that H1 made a rally, but H4 did not. This is an example of what I mentioned (#97163)where the rippling up the charts of the retracements fails, and they start over again with m1. You can see that the down move on H4 hardly felt the rally that painted nice green bars on H1.

These "resets" of the retracement rippling give opportunities for selling rallies on every chart from m1 through H1 (and possibly H2).

If the rally once again fails to follow through on H4, take a look at your own charts and see how if m1, m15, m30, and H1 make rallies that you could sell when price turns back down and you see a valid entry by TMS rules.
To free Gazans of Hamas, use whatever it takes.
99 traders viewing now