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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

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Trading Made Simple

  • #106,901
  • Jul 27, 2020 6:54pm Jul 27, 2020 6:54pm
Quoting eelfranz
Guys.... My point is lets keep the thread clean... If you see a post for someone looking for something or a different way you trade it... no problem but please PM them alone... thanks... Lets build this so we can help as many traders as possible because they all have money and time invested and they need to make money for their efforts. Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep...
I never knownly take a draw back of 40-50 pips even on the 4hr. I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back. If it happens when I'M SLEEPING... SO WHAT ... I never know about it... S/L at last HH or LL. It turns out in my favor most of the time. I lose about 2 trades out of 14-16 trades. I can live with that. I choose my trades carefully making sure they meet the entry rules spot on... and pass on the iffy ones and go hunt other charts.

well, time has changed and with more programming expertise in MT4 and MT5 ... we can all be sleeping and let an expert advisor EA do the work for us when we are sleeping.

Plan the Trade, Trade the Plan ... use technology to help use when we are trading in modern times, we are not living in stoneage caves and hunting with spears and primitive weapons.
WE spend our time hunting for the best setups and trade.

caveman
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if you want caveman' tool, go to this link:
https://www.forexfactory.com/thread/...69#post2778369
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,902
  • Jul 27, 2020 6:59pm Jul 27, 2020 6:59pm
looking for someone who can create a EA that opens order after a spike and close every minute

budget around 30usd
  • #106,903
  • Jul 27, 2020 7:12pm Jul 27, 2020 7:12pm
USDCAD Jul 28

- jump when you can in LTF ..M15 with small SL, use Capital Protection.

BRN 1.3300 is the next target

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,904
  • Jul 27, 2020 7:23pm Jul 27, 2020 7:23pm
USDJPY Jul 28 Tokyo Open trade

- same trade plan, go for TP1, TP2 and TP3 with Capital Protection 15 pips.

- question is what are you trades Position Size for TP1, TP2 and TP3?

- do you have a "Let Profit Run" just in case the market decide to be 'falling knife'? will CMv413 do the job for you?

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jul 28 H1 TOOpen 28-7-2020 8-18-37 am.png Size: 49 KB

if you want caveman' tool, go to this link:
https://www.forexfactory.com/thread/...69#post2778369
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,905
  • Jul 27, 2020 7:31pm Jul 27, 2020 7:31pm
Quoting Le.Metier
{quote} okay thanks looks interesting, but I am yet to decide if it provides an edge
that depends on whether you already have the Eight Edges ....

then next you search for your ninth edge... in the "heiken ashi price" which I created in my winning systems.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,906
  • Jul 27, 2020 7:35pm Jul 27, 2020 7:35pm
Quoting emmanuel7788
{quote} that depends on whether you already have the Eight Edges .... then next you search for your ninth edge... in the "heiken ashi price" which I created in my winning systems. {image}
sure there could be an edge there, but if there is I haven't figured it out yet...I am happy to be proven wrong
  • #106,907
  • Jul 27, 2020 7:58pm Jul 27, 2020 7:58pm
Quoting KennethYang
{quote} It's Heiken Ashi.
.
  • #106,908
  • Jul 27, 2020 7:59pm Jul 27, 2020 7:59pm
Quoting Le.Metier
{quote} Kenneth, what is the indicator that changes your price bars in the image, please.
Sorry.
It's Synergy_pro_APB.
little different from HA..
  • #106,909
  • Jul 27, 2020 8:06pm Jul 27, 2020 8:06pm
Quoting Le.Metier
{quote} sure there could be an edge there, but if there is I haven't figured it out yet...I am happy to be proven wrong

yes there is, and you will figure that out when you spend the time to do it.

the OP once said:

"Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice..."

develop a winning system that fits you .... that can be done, that has been done many times over, and you can do that too!

you need to be committed to do that and make the sacrifices required to achieve your goals.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,910
  • Jul 27, 2020 8:10pm Jul 27, 2020 8:10pm
Quoting emmanuel7788
{quote} yes there is, and you will figure that out when you spend the time to do it. the OP once said: "Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice..." develop a winning system that fits you .... that can be done, that has been done many times over, and you can do that too! you need to be committed to do that and make the sacrifices required to achieve your goals.
I will explore it. Is there a definitive guide re employing Synergy_pro_APB?

...ignore that request, found it
  • #106,911
  • Jul 27, 2020 8:21pm Jul 27, 2020 8:21pm
Quoting Le.Metier
{quote} I will explore it. Is there a definitive guide re employing Synergy_pro_APB?

yes. and Synergy Pro is another system of Dean Malone

TMS is still stuck with the old basics of Synergy trading model of Dean Malone 2006.

if you want Synergy_Pro, then look for snarlyjack posts and download that stuff he uploaded in this thread.

https://www.forexfactory.com/thread/...90#post8002690

BTW, snarlyjack was one of the pioneer member in Big E's old thread.

see his Post#110
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,912
  • Jul 27, 2020 10:49pm Jul 27, 2020 10:49pm
Quoting Le.Metier
{quote} okay thanks looks interesting, but I am yet to decide if it provides an edge
Have found that there is no edge.
- Bar color is always one bar late. (Change color during open bar)
- Bar size and wick length are displayed incorrectly.
- Using candle pattern's is almost impossible: double top/bottom, pin bar, doji, to name a few.

Why did BigE used it is also unclear. "It's more calming to trade HA candles." is not a valid reason, it is more a personal preference.
-----
Found that it camouflage what is really happening on the chart.
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  • #106,913
  • Jul 27, 2020 11:06pm Jul 27, 2020 11:06pm
Quoting Tekkies
{quote} Have found that there is no edge.
at the moment I agree with you Tekkies, the indi seems to hide more than it reveals

I myself prefer to keep charts fairly clean
  • #106,914
  • Jul 27, 2020 11:50pm Jul 27, 2020 11:50pm
Quoting Le.Metier
{quote} at the moment I agree with you Tekkies, the indi seems to hide more than it reveals I myself prefer to keep charts fairly clean
No. That APB and HeikenAshi candles do not hide anything nor the real price OHLC. You just need to have your charts in ForeGround and see the Price Bar over the APB/HA candles.

Both the APB and HA candles have their features and benefits when you know its features and benefits. The OP Big E developed TMS 5-Method by blending different systems/methods and use the benefits of two different systems/methods for the trade setups and signals.

See my Post#101,721
https://www.forexfactory.com/thread/...8#post12828768

The 'secret' if there is any, is knowledge of basic Price Action using the Price Bar chart plus the APB/HA candles.

There are other benefits in the use of APB/HA in your Money Management strategy and in your trade management.

In Trade Management, you can use the APB/HA candle colour change for you exit. You can also use the APB/HA candles for your Trailing Stop CSTSL as in TMS_V19 option.
There are also Money Management strategy using the APB/HA candle data for scaling in and scaling out of trades. This I will not share nor discuss here.

Study this chart below and learn the trade setups REVERSAL candle.
Post#101,721

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,915
  • Jul 27, 2020 11:52pm Jul 27, 2020 11:52pm
Quoting Le.Metier
{quote} at the moment I agree with you Tekkies, the indi seems to hide more than it reveals I myself prefer to keep charts fairly clean

Here is an example of my AUDNZD H1 trade.

I see both the real Price Bar and the APB/HA candles.

AUDNZD Jul 28 H1 trade Day Open

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,916
  • Edited 1:48pm Jul 28, 2020 12:14am | Edited 1:48pm
Quoting Tekkies
{quote} Have found that there is no edge. - Bar color is always one bar late. (Change color during open bar) - Bar size and wick length are displayed incorrectly. - Using candle pattern's is almost impossible: double top/bottom, pin bar, doji, to name a few. Why did BigE used it is also unclear. "It's more calming to trade HA candles." is not a valid reason, it is more a personal preference. ----- Found that it camouflage what is really happening on the chart. {image}
WRONG information again!

"
- Bar color is always one bar late. (Change color during open bar)
- Bar size and wick length are displayed incorrectly.
"

The Heiken Ashi candles are calculated as the the average price of the real price OHLC using a formula. The HA candle {Edited}is dynamic until the Price Bar closes just like the real price bar CLOSE moves during the bar/candle time. This means the real price bar can change bullish and bearish until the bar closing.
The APB / HA candles Open, High,Low and Close are based on its calculated formula display correctly.
The APB/HA are never one bar late.


"
- Using candle pattern's is almost impossible: double top/bottom, pin bar, doji, to name a few.
"
When you want to trade with Price Action chart patterns and candlestick patterns, you look at the real price OHLC and use the Bar chart.... not the APB/HA candles. But the OP look at Price Action with the HA candles. He learned from CompassFX tutorials.

https://www.forexfactory.com/thread/...16#post4575616

https://www.forexfactory.com/thread/...21#post4353021


download these pdfs and learn more about the Heiken Ashi

HeikenAshi candles

Heiken Ashi Explanation

and go to this website and do more study:
https://school.stockcharts.com/doku....is:heikin_ashi

Attached Image (click to enlarge)
Click to Enlarge Name: CraigHarris NFF TMS REVERSAL candle.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,917
  • Jul 28, 2020 12:20am Jul 28, 2020 12:20am
Quoting emmanuel7788
{quote} very nice trade setup plus entry... Price Action - Doji + BEEB at a previous 'resistance' tested consolidation zone. TDi RSI green price line tweak its angle to show the BEEB bar closed. the Doji was green line flat. Edit: If you had use the APB, that BEEB would have shown a bearish HA candle. ..unlike the original HeikenAshi. {image} {image}
Thank Emmanuel for your kindly comment!
GU in H4 just had a text book BEOB candle.
I'm at work so I entered a sell trade from my phone.
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  • #106,918
  • Jul 28, 2020 12:33am Jul 28, 2020 12:33am
Quoting rikiros
{quote} Thank Emmanuel for your kindly comment! GU in H4 just had a text book BEOB candle. I'm at work so I entered a sell trade from my phone. {image}



BEOB shows price MOMENTUM ... 10PM PDT candle
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,919
  • Jul 28, 2020 12:53am Jul 28, 2020 12:53am
Quoting Tekkies
{quote} Have found that there is no edge. - Bar color is always one bar late. (Change color during open bar) - Bar size and wick length are displayed incorrectly. - Using candle pattern's is almost impossible: double top/bottom, pin bar, doji, to name a few. Why did BigE used it is also unclear. "It's more calming to trade HA candles." is not a valid reason, it is more a personal preference. ----- Found that it camouflage what is really happening on the chart. {image}
Price Action - REVERSAL candle + Swing High / Swing Low

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Click to Enlarge Name: GBPUSD Jul 28 28 H1 28-7-2020 1-48-05 pm.png Size: 67 KB


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,920
  • Jul 28, 2020 1:32am Jul 28, 2020 1:32am
Related to Post 106,829.
- Follow TDI.
- Fine tune BigE's advice to your understanding.
- Compile your own rules how to use TDI.
- Follow those rules strictly
M15H1
- Both TDI and Stoch same direction.
- Green angle is imported: 12/2 - buy, 2/4 - no trade, 4/6 sell
- Apply you understanding of Post#647 before placing that trade on M15.
- The closer H1 (with in last 15min of current bar) the better (more assured?) the entry will go in to profit
- H1 must also be confirmed by Post#647. (Remeber there will be no TDI cross)
- The more you use the same rules (your own) over and over the easier it becomes recognize valid setup's.
That is it.
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Now of course the normal toxic post's that follow each and every post by Tekkies will have the same context:
- Not BigE's method.
- TDI did not crossover.
- Cherry pick, post only winning trade's.
-- Forgetting that every trader that use TDI will see the same TDI crossover or green bounce red.
-- Will also know the outcome of every trade.

The question to ask.
How good do you understand post#647 when TDI crossover.
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