Trading Made Simple(r) | Page 183 | 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)

  • #3,641
  • Sep 6, 2019 9:11pm Sep 6, 2019 9:11pm
Hi Robinhood. I just took a x cover trade with set profit and sl in place went to get a Cuppa came back thinking I was stopped out but it was a target reached , it's amazing if u set and let the market have its pulse, I like to thank you for all your efforts in this thread. Have a great day 🎣😀
  • #3,642
  • Edited 2:22am Sep 7, 2019 1:47am | Edited 2:22am
Quoting itsDavid
{quote} I have just re-read your post from a few weeks ago. Invaluable advice which I will read again several times until it sinks in fully. Thank you for offering it.
Its a pleasure maybe in future I will try to express it in a brief but much clearer manner.

Just to share a thought as to when I trade and why:
As we know Big E OP (Original TMS thread creator), expressed preference for the London Market, he likened it to mining Gold, I find setups at 0700 to 11:00( GMT+3 ) these trades can close any time even before the stroke of 9am but definitely by afternoon US market open in my last window 1600 - 1900 GMT+3 (this window brings super liquidity for trades to close. If one is looking for a modest 25 to 40pips. I have started to add trailing stops to my strategy I feel its a trading sin to not stay on the trend even with a tight trailing stop to see how far it will go so I have trades closing long after I've stopped trading at 2200 - 0300 etc.

Food for thought
My belief of the market during the London time trade is largely based on the Maximum Adverse Excursion - this is the amount of points/ pips a trade will move into the red before it comes back into the green and goes for your target profit. So the 2 candle back might be 60 -80 pips for example but I believe most of the time price ranges up to 10 - 25pips negative, much less than more will price move past 30pips, rarely 40+pips ofcourse you must pay attention to the history of pairs that you trade in this regard GBP can move 80+ over a few minutes. (this is objective however it is "my belief"of the market) based on my experience.

When you trade know your market times and price action behavior. I'd highly recommend a look into this.
The more you learn, the more you see
  • #3,643
  • Sep 7, 2019 1:47am Sep 7, 2019 1:47am
Quoting itsDavid
{quote} I think the issue is that I'm not understanding something about how the records are held on MT4, so it is making the results I am getting appear to be wrong....
The profit/Loss value of -261.30 should be the amount you have lost compared to your deposit of 703.36. So what you have left is 442.06. This checks out.
  • #3,644
  • Edited 6:48am Sep 7, 2019 4:43am | Edited 6:48am
Quoting Barraka
{quote} The profit/Loss value of -261.30 should be the amount you have lost compared to your deposit of 703.36. So what you have left is 442.06. This checks out.
It would, except that I haven't made a deposit. £703.36 is the sum of partial exits from profitable trades (using Cavemanager to partially close them). For some reason MT4 is counting them as deposits.
  • #3,645
  • Sep 7, 2019 8:03am Sep 7, 2019 8:03am
Dear Robinhood, Can you please tell me whats the difference between synergy apb vs heiken ashi bars?? What does it mean to use both type of bars in this method? If you tell me the individual use of both bar specially the Syenrgy one, Then I can use your method more effectively. Thanks
  • #3,646
  • Sep 7, 2019 11:42am Sep 7, 2019 11:42am
Quoting delta3
Hi Robinhood. I just took a x cover trade with set profit and sl in place went to get a Cuppa came back thinking I was stopped out but it was a target reached , it's amazing if u set and let the market have its pulse, I like to thank you for all your efforts in this thread. Have a great day
You're welcome. Best of luck to you!
Always a Student, Never a Master - Emulate What Works
  • #3,647
  • Edited 1:18pm Sep 7, 2019 11:48am | Edited 1:18pm
Quoting rhzishan
Dear Robinhood, Can you please tell me whats the difference between synergy apb vs heiken ashi bars?? What does it mean to use both type of bars in this method? If you tell me the individual use of both bar specially the Syenrgy one, Then I can use your method more effectively. Thanks
I don't know what the difference is, and it's not in any way important to me. If you want to know, you can always google each one and find out.

There is no individual use. I only use them TOGETHER with each other.

When they are BOTH blue, I only take long trades.

When they are BOTH red, I only take short trades.

When they are red and blue, I analyze whether I should stay in a trade or get out. I do this by looking at what the other 5 indicators are telling at the same time.
Always a Student, Never a Master - Emulate What Works
  • #3,648
  • Sep 7, 2019 12:09pm Sep 7, 2019 12:09pm
Quoting RobinHood
Trading Made Simple(r) I have named this thread as such because I learned so much from "Big E's" thread "Trading Made Simple" and I incorporated in some of the ideas and indicators he used, and some of how he used them. Furthermore, I would like to dedicate this thread to him, and may he rest in peace. Although my templates do not include his main indicator which was the TDI, they do include other indicators that I find much easier to read than the TDI. For example, Big E (Eric) would talk about when the TDI started to bend, or arch, or flatten...
Very nice thread! Did you already trade this strategy? If so did you have any success? I personally trade mainly indicators, so at first I was skeptical but Im definitely intrigued
  • #3,649
  • Sep 7, 2019 10:21pm Sep 7, 2019 10:21pm
Hi, Very nice strategy and I was following this system few days. I need to know that, is there a alert system for this? TMS had one.
  • #3,650
  • Sep 8, 2019 3:03am Sep 8, 2019 3:03am
EURUSD, H4

I will be Shorting this at Market Open if the indicators are aligned.

Trade well.
  • #3,651
  • Sep 8, 2019 5:13am Sep 8, 2019 5:13am
Quoting krismitt
EURUSD, H4 I will be Shorting this at Market Open if the indicators are aligned. Trade well.
Then also consider watching USDJPY for a later entry.
To free Gazans of Hamas, use whatever it takes.
  • #3,652
  • Sep 8, 2019 1:03pm Sep 8, 2019 1:03pm
I honestly don't know how anyone could read through over 3,600 (THREE THOUSAND, SIX HUNDRED) posts and still ask some of the ridiculous questions they do.

OTHERWISE, it must mean that they have not read all of the posts and so they have no idea how absurd their questions are.
Always a Student, Never a Master - Emulate What Works
  • #3,653
  • Edited 3:59pm Sep 8, 2019 1:44pm | Edited 3:59pm
Quoting RobinHood
I honestly don't know how anyone could read through over 3,600 (THREE THOUSAND, SIX HUNDRED) posts and still ask some of the ridiculous questions they do. OTHERWISE, it must mean that they have not read all of the posts and so they have no idea how absurd their questions are.
Easy....they haven't read 3,600 posts.

Better still, they haven't read Post #1!.

All the tools and know-how to trade this method are provided in Post#1.

Post #2 through to 3,600 are merely "nuances" to Post 1.

Cheers.
  • #3,654
  • Edited 6:38pm Sep 8, 2019 4:36pm | Edited 6:38pm
WORK

After reading the entire thread (it was only 79 Pages then), I went on to do some work.

One of the things I did at the time was to capture Post #1, along with some excellent posts that I found to be very instructive and pivotal to my learning and overall understanding of the nuances (that word again!) of the methodology. I had tried the TMS before but the TDI did my head in!!.

The document at present is in it's "rough" form and I plan to continue to format, edit and update into the future.

Here is my treat for those who are "new" in here. I give this document to you in it's rough state.

I'm giving you the "source" file; stick your name on it, carry-on the work and make it your own

Cheers.

Attached File(s)
File Type: docx Trading Made Simple.r.docx   3.0 MB | 724 downloads
  • #3,655
  • Edited 5:56pm Sep 8, 2019 4:58pm | Edited 5:56pm
Quoting krismitt
WORK After reading the entire thread (it was only 79 Pages then), I went on to do some work. One of the things I did at the time was to capture Post #1, along with some excellent posts that I found to be very instructive and pivotal to my learning and overall understanding of the nuances (that word again!) of the methodology. I had tried the TMS before but the TDI was doing my head in!!. The document at present is in it's "rough" form and I plan to continue to format, edit and update into the future. Here is my treat for those who are "new" in here....
Great job creating this.

I added it to Post # 1.

I am sure it will help many others.
Always a Student, Never a Master - Emulate What Works
  • #3,656
  • Sep 8, 2019 5:49pm Sep 8, 2019 5:49pm
Quoting krismitt
WORK After reading the entire thread (it was only 79 Pages then), I went on to do some work. One of the things I did at the time was to capture Post #1, along with some excellent posts that I found to be very instructive and pivotal to my learning and overall understanding of the nuances (that word again!) of the methodology. I had tried the TMS before but the TDI was doing my head in!!. The document at present is in it's "rough" form and I plan to continue to format, edit and update into the future. Here is my treat for those who are "new" in here....
Thank you for your time creating this document, it was what i was needing as new in the thread.
Threads like this are the gems of FF not because of the profits, but the knowledge and people attitudes to help others because of the joy of help not money in return
Thanx Again.
  • #3,657
  • Sep 8, 2019 6:10pm Sep 8, 2019 6:10pm
Quoting krismitt
WORK After reading the entire thread (it was only 79 Pages then), I went on to do some work. One of the things I did at the time was to capture Post #1, along with some excellent posts that I found to be very instructive and pivotal to my learning and overall understanding of the nuances (that word again!) of the methodology. I had tried the TMS before but the TDI was doing my head in!!. The document at present is in it's "rough" form and I plan to continue to format, edit and update into the future. Here is my treat for those who are "new" in here....
This is excellent. Thank you for taking the time to create it. It's an perfect refresher and reminder of the fundamentals of the strategy and methods.
  • #3,658
  • Sep 8, 2019 7:12pm Sep 8, 2019 7:12pm
EURCAD

God a bit of luck with this one. Wasn't watching nor trading the news but the good CAD news turned out good for the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.png Size: 54 KB

Will continue to trail Stop @ 2 candles back.

Trade well.
  • #3,659
  • Sep 8, 2019 7:46pm Sep 8, 2019 7:46pm
Quoting krismitt
EURCAD God a bit of luck with this one. Wasn't watching nor trading the news but the good CAD news turned out good for the trade. {image} Will continue to trail Stop @ 2 candles back. Trade well.
Which relative strength indi are you using? I really like how clear and concise that one is.
  • #3,660
  • Sep 8, 2019 8:45pm Sep 8, 2019 8:45pm
Few week ago, Swming man posted DoubleHMA line to determine range market. But I dun know how to use it, anyone willing to teach some ?
8 traders viewing now, 2 are registered:
Like
,
igivaka