Trading Made Simple | Page 5152 | 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

  • #103,021
  • Apr 23, 2020 5:13am Apr 23, 2020 5:13am
Quoting Tekkies
{quote} What a joke. " NFF can do to help you trade better and find better trade setups." NFF did not helped you much with: {image}

Tekkies

You do not know what NFF is all about because you only rely on BigE full pdf contents.

You also do not know what trading with multiple entries is about and the huge risk involve.

Now, be careful you are near the peak threshold and your mental breakdown is coming!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,022
  • Apr 23, 2020 5:42am Apr 23, 2020 5:42am
Quoting emmanuel7788
{quote} now repeat for your slow reading, careful now, your mental breakdown is coming! Tekkies You have not been paying attention to what I have said about set files for TMS_V19. There is no generic set files . Every trade plan is different. Trade Plan for M15 is not the same as H4 trading the 10PM, 2AM and 6AM H4 candle period of the OP. Now do you understand? People do not need to agree with me and what I post. What I love to is to have robust trading discussions with anyone but you Tekkies is not able to have ribust discussion becasue of your...
" There is no generic set files"
Thank you that you have posted twice the main reason why V_19 died a slow death in 2011.
Users got fed-up tweaking the setting's of V_19.
One again you have managed to waste a lot of trader's time.
-----
"with anyone but you Tekkies"
Can understand that one, I am the only one that point out the bullshit you post.

Sorry, Realjumper, Lisat, Lastingwell, David, jmn5611 have tried and gave up.
Wonder how long DrDave will last?
  • #103,023
  • Apr 23, 2020 5:46am Apr 23, 2020 5:46am
Quoting emmanuel7788
{quote} Tekkies You do not know what NFF is all about because you only rely on BigE full pdf contents. You also do not know what trading with multiple entries is about and the huge risk involve. Now, be careful you are near the peak threshold and your mental breakdown is coming!
My breakdown might be coming.

You have never recovered from yours and your post's show the lasting effect's.
But hey, something has to get the blame for all the contradictions you post.
  • #103,024
  • Apr 23, 2020 6:01am Apr 23, 2020 6:01am
Quoting Tekkies
{quote} " There is no generic set files" Thank you that you have posted twice the main reason why V_19 died a slow death in 2011. Users got fed-up tweaking the setting's of V_19. One again you have managed to waste a lot of trader's time. ----- "with anyone but you Tekkies" Can understand that one, I am the only one that point out the bullshit you post. Sorry, Realjumper, Lisat, Lastingwell, David, jmn5611 have tried and gave up. Wonder how long DrDave will last?

Tekkies

wrong again!

TMS_V19 did not die a slow death in 2011.

the last version is V22 but I have been using V19 and posted trades in 2014.
V19 works the way BigE H4 trading and the V20, V21 and V22 have other add-on features which are not part of Big E trading style.

You consider my posts as bullshit because I show people back to the basics of TMS 5-Method but you are here to promote you own M15H1VLine method which is not TMS 5-Method.

Once the people learn the basics of TMS 5-Method, they will move on on their own.

Those member names you mentioned did not give up. I am sure they do not support you and your posting your M15H1VLine method in this thread.

Do you doubt your own personal cheerleader and that he will give up too? He did suffer his first mental breakdown yesterday. We shall see what happens next.

Have a nice day Tekkies, I will be off soon and prepare for my E-Mini Futures trading during the US market session. There's more money to make trading E-Mini Futures.

Quoting Tekkies
{quote} My breakdown might be coming. You have never recovered from yours and your post's show the lasting effect's. But hey, something has to get the blame for all the contradictions you post.
Now, be careful you are near the peak threshold and your mental breakdown is coming!

I am a seasoned trader and I have developed the mental fitness to trade the markets. I have a mental 'safety valve' and that has worked for years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,025
  • Apr 23, 2020 6:07am Apr 23, 2020 6:07am
USDCHF Apr 23 M15 pre-NYO

a counter-trend trade setup but it is one hour to NY Open, I'll give this a miss

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Apr 23 M15 counter trend 23-4-2020 7-05-45 pm.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,026
  • Apr 23, 2020 6:13am Apr 23, 2020 6:13am
GBPUSD Apr 23 M15 pre-NYO

another 'iffy' case

the price action is choopy and recent swing highs seen to the left and yesterday' high.

The Stoch near it 50-level and a cross UP would be nice.

The TDI green, red and yellow all flat ... anything happens to the price and these lines will open up.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr 23 M15 pre-NYO 23-4-2020 7-09-32 pm.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,027
  • Apr 23, 2020 6:27am Apr 23, 2020 6:27am
Quoting emmanuel7788
{quote} EURUSD Apr 23 M15 last trade got stopped out. Now re-entry {image}

EURUSD Apr 23 M15

re-entry second trade got stopped out.

this week so far 5 winners 3 losers...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Apr 23 M15 trade stopped out 23-4-2020 7-24-01 pm.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,028
  • Apr 23, 2020 6:35am Apr 23, 2020 6:35am
Quoting emmanuel7788
{quote} lddd the TDI has been a part of my trading journey following the OP' posts in Forex Factory. That is not a Holy Grail indicator. No technical studies oscillators based system are holy grail systems. Any one making such claims are liars. I switched back to the Fozzy-RSI which I have using for very long time since I started with the RSI. Fozzy-RSI do not have the re-painting issue which is inherent in Dean Malone TDI released in 2005. The TMS_V19 EA is used to provide the trade setup signals according to the OP' trading style and has worked...
I take all these points on board and they make sense. Which is the correct version of TDI to use to avoid the repainting issue? Or is there not one?
  • #103,029
  • Apr 23, 2020 6:51am Apr 23, 2020 6:51am
Quoting emmanuel7788
{quote} now repeat for your slow reading, careful now, your mental breakdown is coming! Tekkies You have not been paying attention to what I have said about set files for TMS_V19. There is no generic set files . Every trade plan is different. Trade Plan for M15 is not the same as H4 trading the 10PM, 2AM and 6AM H4 candle period of the OP. Now do you understand? People do not need to agree with me and what I post. What I love to is to have robust trading discussions with anyone but you Tekkies is not able to have ribust discussion becasue of your...
I don't recall anyone except YOU mentioning a generic set file. But clearly, you have that EA running with A SPECIFIC SET OF CONDITIONS for whichever trade plan you SET UP, so, you could easily post those settings and put them in a "set file" for the KAKs to just plug in and celebrate. But giving that information in a neat, concise form does not fit in with KAK control that you need. Do yourself, and everyone else reading this thread, a favor and go start a thread like Trading with the TMS_V19 EA without using Set Files.
To free Gazans of Hamas, use whatever it takes.
  • #103,030
  • Apr 23, 2020 8:08am Apr 23, 2020 8:08am
enter criteria (london and open if NY session)
good
TDI Cross
slope 2 oclock
H4 strong support area
PA candle with big wick up and down for reversal

bad
against the trend
Attached Image (click to enlarge)
Click to Enlarge Name: E1.PNG Size: 77 KB
  • #103,031
  • Apr 23, 2020 11:19am Apr 23, 2020 11:19am
Quoting DrDave
{quote} USD is THE most traded currency. Look for pairs that contain it, preferably the majors. Developing a trading plan is not some simple overnight exercise. You have already set 2 criteria that I know of: TDI green x red; HA bar closed on the trade side of the EMA5. I suspect, because you have it on your chart, that you use stochastics as well. In any case, write down your current setup, entry and trade management criteria and simply follow it like a robot. After at least 30 trades, evaluate the ones that came out negative. See if you can find...
Thanks. Yes I do only focus on the majors already. Most traded pairs are EUR/USD, GBP/USD and USD/JPY.

Here is what my current trading plan exists of.

Trading Pairs: EU, GU, UJ
Trading Times: 08:00 GMT - 11:00 GMT
Time Frames: M5/M15/H1

Entry criteria: TDI green/red cross over, Stoch in direction, setup candle close below yellow EMA.

Exit Criteria: A Price candle closed of the opposite color as the trade goes or TDI red/green crossing again.

Risk/Profit: Hard SL with every trade of max 1% of the available trading balance.

But as this would provide too much room based on my trading capital i set a fixed SL of 10 Pips for M15 entries and 5 Pips for M5.

The reason for it it (and yes I get stopped out a lot of times) is that the average price runs (if a trade goes in profit for me before it retraces back is about 20-30 Pips during most days)

So I aim for TP1 of 10 Pips with every trade, once moved there I move SL to break even / trailing stop / let the trade do what ever it wants to do.

Most problems I face with it:

- Can’t find a trend (I Look at h1 for it when entering on M15 or M15 if entering in M5). But here I also don’t know really how to do it. I guess the normal form would be looking for if those charts contain HH/HL or vise versa checking from the complete left side of the chart to the current position where price sits. However I struggle a lot with that and mostly like 70% at least of a trading month there is no trend for these pairs I can clearly see for that time frames so I base my decision on direction to look only at the last few candles on H1. so let’s say last few candles would be bearish I would enter only short on m15 and so on.

- Overtrading / Revenche Trading if trades got lost while still keeping a profitable average, maintaining a risk reward where average profit is at least more than I risk and so on.

- Finding a procedure for actually getting to know about a setup. Still not sure which alert indicator could help, works the right way.

- Once getting the alerts most of the time I noticed it’s to late for these smaller time frames price already moved half of my profit target or something else I still have to filter out taking too much time then and I am missing the right entry point anyways.

Will keep updating this.
  • #103,032
  • Edited 2:56pm Apr 23, 2020 2:09pm | Edited 2:56pm
Quoting lddd
{quote} Thanks. Yes I do only focus on the majors already. Most traded pairs are EUR/USD, GBP/USD and USD/JPY. Here is what my current trading plan exists of. Trading Pairs: EU, GU, UJ Trading Times: 08:00 GMT - 11:00 GMT Time Frames: M5/M15/H1 Entry criteria: TDI green/red cross over, Stoch in direction, setup candle close below yellow EMA. Exit Criteria: A Price candle closed of the opposite color as the trade goes or TDI red/green crossing again. Risk/Profit: Hard SL with every trade of max 1% of the available trading balance. But as this would...
lddd, I can empathise with your frustration. Trading lower timeframes had cost me quite dearly in terms of capital, hardware, software, and mental wellness. The mental cost was particularly dire -- once sleep was affected, my performance went downhill. (I'm glad you're not trading near bedtime.) Have you tried using currency strength as a guide when trend looks a bit muddled on a chart? I wish there is some way you could trade higher timeframes with more pairs. As Anton Kreil and others have noted, day-trading is becoming impossible due to the influx of dumb money, owing to the ease of access in an expanding retail forex market. With the speed and amount of activity -- a few pips here and a few pips there -- you're made to believe that you're becoming a proficient angler, when in fact most of your bait is chewed off by your broker the moment you pull the trigger. Worse yet, smart money would often swoop in with fishing nets to exit their positions (as we look on pathetically with our rods). The pros don't scalp anymore; it's all portfolios. And here, some of us are too afraid to hold positions over the weekend! Och, I digress... It's good that you have MM in place to capture higher R:R. The challenge is to find something that'd provide over 50% win rate. In that aspect, DD's advice is sound. Emulate what works.
  • #103,033
  • Apr 23, 2020 5:05pm Apr 23, 2020 5:05pm
Quoting yokoten
{quote} lddd, I can empathise with your frustration. Trading lower timeframes had cost me quite dearly in terms of capital, hardware, software, and mental wellness. The mental cost was particularly dire -- once sleep was affected, my performance went downhill. (I'm glad you're not trading near bedtime.) Have you tried using currency strength as a guide when trend looks a bit muddled on a chart? I wish there is some way you could trade higher timeframes with more pairs. As Anton Kreil and others have noted, day-trading is becoming impossible due...
Appreciate your feedback.

No I didn’t tried currency strength yet.

Where does your knowledge come from that the pros aren’t scalping anymore?

I actually don’t see much of a different losing on higher or lower time frames.

I am trading lower time frames mainly because I want to make money by the end of month.

I already have long term investments with investment fonds, properties, a saving account and much more.

Still i keep my risks trading low so far at 1-3% per trade but I would have no problems with risking even a 5 or 10% per trade. My risk level is quiet high here and I wouldn’t care about losing a lot of the time as long as the overall outcome after 30 days remains positive even if that just means a 1-2%.

However I don’t have the personality to look for 1-2 setups per month might be of higher probability. Not even that much because of higher stop losses but more like because I wouldn’t known how I should learn by that how to trade, waiting for data I could review to validate if something I am doing is right or wrong after years of forward trading maybe booked me in a a few percentages per month I could easily do with a Lot of other investments with near zero risk at all than trading or watching any chart and play around with technical analyses.

Yes I will have to evaluate it, the things is just I don’t find any good routine with.

My dream scenario would be only trading one currency pair at all without having to skip through multiple charts each day to check what’s trending or not.

Maybe even such trend strategy isn’t anything for day trading at all if trends are rare to find on a daily base.

i mean how would I make money after 30 days pre-defining my only trade instrument to be EUR/USD based on a trend following strategy if EUR/USD then decides to move sideways for only a few pips up and down for the complete month?

i heard of people successfully trading only one market on lower timeframes for over years, not to get super rich quick but at least they are able to make a good life out of it, not sure if this isn’t all just rumors but don’t think so. Just didn’t find out how they are doing it :-/
  • #103,034
  • Apr 23, 2020 9:54pm Apr 23, 2020 9:54pm
i am a new user and all i have been doing is learning how to trade on candlestick patterns... i am not using any indicator at all. so far its been ok for me.....but next month going live. wish me luck
  • #103,035
  • Apr 24, 2020 2:42am Apr 24, 2020 2:42am
EURUSD Apr 24 M15

Trade Management - Use CandleStickTrailingStop

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Apr 24 M15 trade management CSTSL 24-4-2020 3-38-04 pm.png Size: 80 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TNS_V19 Use CandleStickTrailigStop.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,036
  • Apr 24, 2020 2:59am Apr 24, 2020 2:59am
USDCHF Apr 24 H4

Trading H4 the way the OP did, check my charts once every 4Hours at 10PM, 2AM and 6AM.
Do Not trade H4 after London sessions closed. Wait till the following day when Tokyo session resumes and watch the market.

this is today 10PM H4 candle trade.... continuation of the HA PA above its 5EMA, place SL below previous two candles low.


Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Apr 24 H4 10PM candle trade 24-4-2020 3-55-49 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,037
  • Apr 24, 2020 3:07am Apr 24, 2020 3:07am
EURUSD Apr 24 H4

another H4 10PM candle trade.

trade management moved initial Sl to BE+ ...


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Apr 24 H4 10PM trade 24-4-2020 4-04-47 pm.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,038
  • Apr 24, 2020 3:40am Apr 24, 2020 3:40am
AUDUSD Apr 24 H4 London session

Trading the H4 like the OP did. The next H4 candle is the 2AM .. in about 23 minutes.

Look at the TMS-V19 Trend 2/8 D1 information , the previous 3 days were ranging , do you want to trade when the previous days were ranging?

What about the Trend 2/8 W1? Is that trending or ranging?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Apr 24 H4 LO 24-4-2020 4-33-59 pm.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,039
  • Edited 9:26am Apr 24, 2020 4:50am | Edited 9:26am
Quoting lddd
{quote} Appreciate your feedback. No I didn’t tried currency strength yet. Where does your knowledge come from that the pros aren’t scalping anymore? I actually don’t see much of a different losing on higher or lower time frames. I am trading lower time frames mainly because I want to make money by the end of month. I already have long term investments with investment fonds, properties, a saving account and much more. Still i keep my risks trading low so far at 1-3% per trade but I would have no problems with risking even a 5 or 10% per trade. My...
My apologies, lddd. I have a habit of making random statements (seemingly picked out of a hat) especially when I'm ranting. I acknowledged that it was a digression and out of place in this longstanding thread.

Having said that, when one looks at how smart money trades recently
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-04-24 at 10.40.20.png Size: 153 KB

and compare that to a decade ago
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-04-24 at 10.40.34.png Size: 158 KB

you start to see a story unfold.
  • #103,040
  • Apr 24, 2020 5:02am Apr 24, 2020 5:02am
Quoting emmanuel7788
USDCHF Apr 24 H4 Trading H4 the way the OP did, check my charts once every 4Hours at 10PM, 2AM and 6AM. Do Not trade H4 after London sessions closed. Wait till the following day when Tokyo session resumes and watch the market. this is today 10PM H4 candle trade.... continuation of the HA PA above its 5EMA, place SL below previous two candles low. {image}
I'm a bit confused as to why that is how Eelfranz would have traded it. Its on the 4th HA candle, with no bounce. The bounce took place 2 candles before, so he wouldn't have taken it as far as I can see.
Success means going from failure to failure without loss of enthusiasm
60 traders viewing now, 1 is registered:
NovemberMan