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Trading Made Simple 151,882 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

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Trading Made Simple(r)

  • #1,761
  • Edited Jul 20, 2019 12:32am Jul 19, 2019 7:51pm | Edited Jul 20, 2019 12:32am
Quoting kirinda
{quote} SL hit fast.
Hi there Kirinda:

Just looking back through these old posts for some learnings, in order to improve on my trading of this system (a post-mortem of sorts).

https://www.forexfactory.com/showthr...5#post12285995

I see that your Stop was hit fast on this CADJPY H4 Trade. I also see that the setup rules were not met for the continuation trade:-

"7. The 8, 3, 3 Stochastic (it's the thinner SlateGray line) dips below the Purple 50 Line and comes back up through it."

Something to note.

EDIT: God some clarity from the following post (bottom chart):

https://www.forexfactory.com/showthr...4#post12347014


Trade well.
  • #1,762
  • Jul 19, 2019 7:58pm Jul 19, 2019 7:58pm
Trade manager expert advisor for TMSr using THV CaveManager by member caveman


Download these and study the attached pdf.

Next week, I will show you with live H4 trades how to run this EA to manage trades to exit like using R and R-Multiple trade management, an exit trades with 3 different TP levels like the Mutli-Lot entry. But when we use THV Cavemanager CM, we only need to place one single entry and let CM exit the trade in different portions... can be 2 exits, 3 exit up to maximum 4 exits.

Also read some of caveman' post in this thread .. THV System, final edition

https://www.forexfactory.com/showthr...31#post3728831


Important that you study the pdf and know how CM works.
Attached File(s)
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 1,464 downloads
File Type: ex4 THV CaveManager v1.41.ex4   63 KB | 920 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,763
  • Jul 20, 2019 12:35am Jul 20, 2019 12:35am
Quoting emmanuel7788
Trade manager expert advisor for TMSr using THV CaveManager by member caveman Download these and study the attached pdf. Next week, I will show you with live H4 trades how to run this EA to manage trades to exit like using R and R-Multiple trade management, an exit trades with 3 different TP levels like the Mutli-Lot entry. But when we use THV Cavemanager CM, we only need to place one single entry and let CM exit the trade in different portions... can be 2 exits, 3 exit up to maximum 4 exits. Also...

thanks alot....
  • #1,764
  • Jul 20, 2019 1:23am Jul 20, 2019 1:23am
Quoting emmanuel7788
Trade manager expert advisor for TMSr using THV CaveManager by member caveman Download these and study the attached pdf. Next week, I will show you with live H4 trades how to run this EA to manage trades to exit like using R and R-Multiple trade management, an exit trades with 3 different TP levels like the Mutli-Lot entry. But when we use THV Cavemanager CM, we only need to place one single entry and let CM exit the trade in different portions... can be 2 exits, 3 exit up to maximum 4 exits. Also...
Thank you ... just downloaded and trying to understand how it works...
  • #1,765
  • Jul 20, 2019 1:41am Jul 20, 2019 1:41am
Quoting emmanuel7788
Trade manager expert advisor for TMSr using THV CaveManager by member caveman Download these and study the attached pdf. Next week, I will show you with live H4 trades how to run this EA to manage trades to exit like using R and R-Multiple trade management, an exit trades with 3 different TP levels like the Mutli-Lot entry. But when we use THV Cavemanager CM, we only need to place one single entry and let CM exit the trade in different portions... can be 2 exits, 3 exit up to maximum 4 exits. Also...
Count me in, can’t wait.
  • #1,766
  • Jul 20, 2019 4:17am Jul 20, 2019 4:17am
I have been seeing this thread, but i often overlook it until i decided to have a look recently, it was really easy to understand. I have used moving average in the past but they were more often, giving me false signals until i discarded them and focused more on price action. But now i am seeing it differently, because it has enabled me to take continuation trade setups which has been giving me some hard times. I will add this method to my trading arsenal. Thanks to Robinhood for sharing this $m trading method.
  • #1,767
  • Jul 20, 2019 6:33am Jul 20, 2019 6:33am
Quoting olisavictor
I have been seeing this thread, but i often overlook it until i decided to have a look recently, it was really easy to understand. I have used moving average in the past but they were more often, giving me false signals until i discarded them and focused more on price action. But now i am seeing it differently, because it has enabled me to take continuation trade setups which has been giving me some hard times. I will add this method to my trading arsenal. Thanks to Robinhood for sharing this $m trading method.
You're welcome. Best of luck to you.
Always a Student, Never a Master - Emulate What Works
  • #1,768
  • Jul 20, 2019 8:59am Jul 20, 2019 8:59am
Is it possible to get username and password for ForexSignal Momentum Meter v1.1, please?
  • #1,769
  • Jul 20, 2019 9:06am Jul 20, 2019 9:06am
Quoting emmanuel7788
Trade manager expert advisor for TMSr using THV CaveManager by member caveman Download these and study the attached pdf. Next week, I will show you with live H4 trades how to run this EA to manage trades to exit like using R and R-Multiple trade management, an exit trades with 3 different TP levels like the Mutli-Lot entry. But when we use THV Cavemanager CM, we only need to place one single entry and let CM exit the trade in different portions... can be 2 exits, 3 exit up to maximum 4 exits. Also...
thank you. looking forward to hearing how to use it, and the settings and see it work next week. thanks for sharing and helping. More automation to manage the trade the better since we are only checking charts every 4h and we really really really do not like to give pips back to the broker.
  • #1,770
  • Edited 10:19am Jul 20, 2019 9:10am | Edited 10:19am
I wanted to share my trading story and ongoing trading evolution with the group here in the hopes that it can help some one that may be struggling to be profitable. I have been a contract roof truss and engineered wood products designer for 20 years and as of a year or so ago I couldn't seem to find any work from Canada or the US. So I was in a bit of a dilemma. I live in Mexico, so there is no hope of me finding work here and I can't seem to land any new remote contract work so I decided that I really needed to figure out how to trade for a living or it's back to Canada to sort something out.

I have been trading forex for 5 years or so and haven't even had so much as a profitable week in those five yeas and for the record I have always traded a live account - my money has always been on the line during my trading journey and still is. I spent loads of time on scalping strategies, five minute charts, 15 minute charts, tinkered on the hour hour charts and found no success. I tried trend following strategies, candle stick patterns, supply and demand, Bolinger Bands, grid systems, ever indicator in the books, you name it. I've paid for two training courses. I have paid a fair amount of money to have 20 or so strategies coded so I could back test them with every parameter and money management idea you can think of before I threw a lot of money at them trading. I have spent hundreds of hours and countless weekends staring at charts and back testing and I kept losing money.

So in March of this year I decided it's time to sort this out and get serious if I am to be able to make a living trading and stay in Mexico. I started reading some of Nial Fuller's articles (go read some!) on what it takes to be a profitable trader and the information on trading psychology really started to ring true. I was the reason for my losses. I was making every single one of the typical mistakes losing traders make i.e. over trading, fear of missing out, revenge trading, lack of patience, position sizes too large, move stops wider during a trade, cutting wins off way too short, system hopping after a string of losses, counter trend trading, trying to control the market, letting losers be bigger than winners and a whole lot more. Once I recognized those behaviours were the cause of my losses I decided to work on stopping them. I had to forget all the trading information I currently thought I knew - it wasn't working. I needed to humble myself and stop thinking I am smarter than the market or smarter than the professional traders that plead for people to adopt a sound trading mindset.

Some of them were easy to conquer and others I am still working on, but let me tell you, when I started to adopt sound trading psychology my trading literally turned 180 degrees. I was trading price action signals at support and resistance in the direction of the trend on the four hour charts. I was having some good success and finally profitable for the fist time EVER. I even had a string of 9 losses in a row and I didn't panic, I didn't start looking for a new system, I didn't fall back into the behaviours of the past, but what I did do was to continue to have patience and execute my trades according to my plan making sure my RR was 1:2. I quickly and easily recovered those 9 losses and went on to further profits. I have had 5 losses in a row with RH's methods and I let it roll off my back now because I know bigger wins are right around the corner.

I have come to learn that it isn't the system that will make you money it's how you trade the system that will make you money. I mean just look at this thread or any other thread on here. There are guys killing it with strategies and others can't make a go of it at all because they can't follow the rules, they have no patience, no discipline, they are afraid of losing money or of missing out. I believe it comes down to the trader's mindset. Too many of us are trading absolutely wrapped up in fear and greed which are the two emotions that are responsible for all the trading mistakes we make and cause us to lose money. Work on eliminating those emotions from your trading and learn to develop patience in your trading and trust in your system. Wait for the precise trading signals. Don't enter early, don't enter late, don't move your stops wider when in a trade - that's greed talking. If you miss a trade who cares?? Another one will be along shortly. Patience. Patience. Patience. Did it mention patience? You also don't need to be following 28 pairs. Again, that is greed talking. There are plenty of signals on the majors. Look at the majors and trade the ones with the best looking current price action and avoid those ones with chop going on.

Anyway, I have switched over to RH's methodologies because they are more objective than the way I was trading before. Similar enough in that they are both trend following ideas but the entries are much more precise and easier to avoid the pitfalls of over analysis and personal bias. I also resonate with RH's view of the market i.e. support and resistance, news, etc. all fail as often as they succeed, but when they fail you lose 1R and when they succeed...potentially "limitless". So I am going to continue to trade these methodologies since they make sense to me and are easy to consistently apply every time. Trust the methodology, place the trades at the right times, trail the stops to shed risk and take a decent profit reward. Rinse and repeat. Is every trade going to be a winner? Is every week going to be profitable? Every month? Hell, no, but over a long period of time you can make money if you get yourself under control.

Here are my equity results since March of this year (that's a strong up trend for those of you in the know LOL) when I decided to finally get serious about trading, fix what was wrong and go full time as a professional trader. Don't forget that I am still learning to undo 5 years of horrible trading habits and mindset and it isn't easy all the time - human nature is a bitch sometimes and I have a ways to go yet to be sure. There were a few "experimental" moments in that graph as I slipped back a few times into old habits, but as soon as I caught myself and gave my head a shake recovery happened quickly. I endeavour to smooth that baby out as time goes on and I begin to master good trading psychology and place trust in the methods. I hope this story can help shake some of you guys out of your losing habits and turn unprofitable trading into profitable trading. Guys, it's not the system that will make you money - it's you.
Attached Image (click to enlarge)
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Emotion - it steals your money.
  • #1,771
  • Jul 20, 2019 9:32am Jul 20, 2019 9:32am
Quoting TheSpoof
I wanted to share my trading story with the group here in the hopes that it can help some one that may be struggling to be profitable. I have been a contract roof truss and engineered wood products designer for 20 years and as of a year or so ago I couldn't seem to find any work from Canada or the US. So I was in a bit of a dilemma. I live in Mexico, so there is no hope of me finding work here and I can't seem to land any new remote contract work so I decided that I really needed to figure out how to trade for a living or it's back to Canada to...
Love the story spoof, I am hoping us other traders struggling with various systems can follow your example. Keep up the good work.
  • #1,772
  • Jul 20, 2019 9:38am Jul 20, 2019 9:38am
Quoting TheSpoof
I wanted to share my trading story with the group here in the hopes that it can help some one that may be struggling to be profitable. I have been a contract roof truss and engineered wood products designer for 20 years and as of a year or so ago I couldn't seem to find any work from Canada or the US. So I was in a bit of a dilemma. I live in Mexico, so there is no hope of me finding work here and I can't seem to land any new remote contract work so I decided that I really needed to figure out how to trade for a living or it's back to Canada to...
Hi Dear Mclain
Thanks for sharing your story and glad to hear you're finally succesfull. absolutely your story and experiment help me and other newbie traders.

Regards
Amir
  • #1,773
  • Jul 20, 2019 9:38am Jul 20, 2019 9:38am
Quoting TheSpoof
I wanted to share my trading story with the group here in the hopes that it can help some one that may be struggling to be profitable. I have been a contract roof truss and engineered wood products designer for 20 years and as of a year or so ago I couldn't seem to find any work from Canada or the US. So I was in a bit of a dilemma. I live in Mexico, so there is no hope of me finding work here and I can't seem to land any new remote contract work so I decided that I really needed to figure out how to trade for a living or it's back to Canada to...
Thank you so much TheSpoof, that took some writing and some living! My journey is very similar but the time span is only half of yours so i can understand your journey. It was like a breath of fresh air to find this thread and to try and implement the methodology here. I too am beginning to see a profitable time ahead. I am up this week by 9% even though I am entering too early / too late at times so thats what I am concentrating on next week. The deisre to continually be in a trade is so strong for me and thats just another area to concentrate on. I have found your postings to be very encouraging and insiteful so please do keep writing.
Regards,
Peter
Just trying to put a kiss on the cheek of success
  • #1,774
  • Jul 20, 2019 9:45am Jul 20, 2019 9:45am
Quoting pet3250
{quote} Thank you so much TheSpoof, that took some writing and some living! My journey is very similar but the time span is only half of yours so i can understand your journey. It was like a breath of fresh air to find this thread and to try and implement the methodology here. I too am beginning to see a profitable time ahead. I am up this week by 9% even though I am entering too early / too late at times so thats what I am concentrating on next week. The deisre to continually be in a trade is so strong for me and thats just another area to concentrate...
Hey Peter. You are welcome. As far as your trades go just stop it. Stop entering trades early/late. There is no reason other than greed for you to do so. You are reducing your odds of a successful trade by entering early or late and this game is all about probabilities. RH has put together a fantastic set of rules to help put those odds in your favour. When your emotional mind starts telling you to enter early/late you need to have your observing mind say, "no way,...follow the rules!". You need to force yourself to stop trading emotionally - you know it's wrong so stop doing it
Emotion - it steals your money.
  • #1,775
  • Jul 20, 2019 9:48am Jul 20, 2019 9:48am
Quoting emmanuel7788
Trade manager expert advisor for TMSr using THV CaveManager by member caveman Download these and study the attached pdf. Next week, I will show you with live H4 trades how to run this EA to manage trades to exit like using R and R-Multiple trade management, an exit trades with 3 different TP levels like the Mutli-Lot entry. But when we use THV Cavemanager CM, we only need to place one single entry and let CM exit the trade in different portions... can be 2 exits, 3 exit up to maximum 4 exits. Also...
Thanks so much Emmanuel, your continual giving is very much appreciated here. Have a great weekend.
regards,
Peter
Just trying to put a kiss on the cheek of success
  • #1,776
  • Jul 20, 2019 9:56am Jul 20, 2019 9:56am
Quoting TheSpoof
I wanted to share my trading story with the group here in the hopes that it can help some one that may be struggling to be profitable. I have been a contract roof truss and engineered wood products designer for 20 years and as of a year or so ago I couldn't seem to find any work from Canada or the US. So I was in a bit of a dilemma. I live in Mexico, so there is no hope of me finding work here and I can't seem to land any new remote contract work so I decided that I really needed to figure out how to trade for a living or it's back to Canada to...
This is fantastic and great advise for newer traders such as myself. I did not take forex serious in the past, I treated it like a casino, I had no idea what I was doing. After spending many hours on forex factory and TMS, and paying for training at 5 star places like forexmentorpro and paying for anything 5 star review on forex peace army, agimat trading system, following signals on telegram. Ahh what a journey it has been, I have learned the hard way but I have to say that I have learned so much during the trial and error process. I think I was extremely scared to enter a trade, news, lack of patience, no confidence. I did not have success with TMS itself but always like the TDI all in one indicator. Then like many other I kept bouncing from system to system wasting time, looking for the holy grail perfect no loss system, coming to realize that will never exist. Even tried some binary options at pocket option USA binary broker. Wanted to get rich quick like many. Since I went live and following TMSr I am not afraid of being in the market, with all your support to act as a mentor I feel like this is a great team to share ideas and earn as you learn. I am treating this like a business now and changed my way of thinking. Im sure my story above is much like many others who try to make it in forex. I have a few thousand to trade and I have not made much yet but Im not loosing and im protecting my profit and cutting my losses quick. Accepting losses is a mental game for new traders. Like said by the SPOOF , losses are ok because you know big winners are right on the way!!! The most rewarding part is helping out new people get started and find success in this, and hopefully it will change their life forever. I am a school teacher in upstate NY, middle class american, single dad with 2 kids trying to add a little vacation fund for us with forex earnings. Look forward to next week and thanks to you experienced traders for the extra tools, confidence, patience, trade idea shout outs in here, and anything else helpful I thank you in advance!!!!! cheers everyone and enjoy the weekend, back at it tomorrow night to check out the charts!
  • #1,777
  • Jul 20, 2019 11:12am Jul 20, 2019 11:12am
Quoting TheSpoof
I wanted to share my trading story and ongoing trading evolution with the group here in the hopes that it can help some one that may be struggling to be profitable. I have been a contract roof truss and engineered wood products designer for 20 years and as of a year or so ago I couldn't seem to find any work from Canada or the US. So I was in a bit of a dilemma. I live in Mexico, so there is no hope of me finding work here and I can't seem to land any new remote contract work so I decided that I really needed to figure out how to trade for a living...
also what are the pairs that you have narrowed down to and using your white template with ?

thanks
  • #1,778
  • Edited 11:44am Jul 20, 2019 11:32am | Edited 11:44am
Quoting Bluejay12
{quote} also what are the pairs that you have narrowed down to and using your white template with ? thanks
I am currently trading AUDUSD, EURUSD, GBPUSD, GBPAUD, USDJPY and USOUSD. I recently ditched EURJPY and USDCHF because I was consistently losing money on them. I replaced EURJPY with GBPAUD. I like the nice moves that it has. I will monitor the results closely to see if it will remain in the list. AUDUSD is my most profitable pair.

I choose the pairs I want to trade by simply looking at the price action over the last several months to see if there is a tendency to have moves go at least 2R after a trade signal is produced. I avoid charts with lots of wicks like the plague. Obviously markets change and past history isn't a guarantee of future performance, but it helps narrow my choices down to a handful of pairs. This is why I don't trade the daily charts. I observe far too many times price being in a range and I cannot make a good 2R consistently enough whereas on the 4 hour there is enough room in the price movements to give me a decent chance of 2R trades. It's very easy to get in on a potential 2-3 day or week long move with a tight stop. Lots of times there are good 4R+ moves but I just can't seem to let my trades run LOL That is something that I am trying to work on, but taking 2R trades is absolutely profitable when you shed risk and keep as many losses from being full 1R as you can. Most successful trades with this method happen very quickly with little or no heat.
Emotion - it steals your money.
  • #1,779
  • Edited 12:29pm Jul 20, 2019 12:18pm | Edited 12:29pm
Quoting TheSpoof
{quote} I am currently trading AUDUSD, EURUSD, GBPUSD, GBPAUD, USDJPY and USOUSD. I recently ditched EURJPY and USDCHF because I was consistently losing money on them. I replaced EURJPY with GBPAUD. I like the nice moves that it has. I will monitor the results closely to see if it will remain in the list. AUDUSD is my most profitable pair. I choose the pairs I want to trade by simply looking at the price action over the last several months to see if there is a tendency to have moves go at least 2R after a trade signal is produced. I avoid charts...
Ok. Very nice !
You mentioned you do not trade the daily chart , however do you look at the daily direction first before you even consider opening a trade on 4h so you know your following the trend of the grandmother on Daily ?
Top down analysis

also when you enter on the indication from the oscillator do you wait until the bar is deep red or deep green ? Or do you enter even if it’s light grey indicating a cross over of 50 but trend is not yet established strong yet in your direction.
  • #1,780
  • Jul 20, 2019 3:35pm Jul 20, 2019 3:35pm
Hello all,

Should I hold the trade or close it.

What do you think?

By the way, thank you Robin for the template.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.JPG Size: 458 KB
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