Trading Made Simple | Page 5366 | 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

  • #107,301
  • Aug 11, 2020 3:24am Aug 11, 2020 3:24am
EURUSD Aug 11 H4 approaching the 2AM PDT candle time 5AM EST NY,

a big bar/HA candle ....

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Aug 11 H4 big candle 11-8-2020 4-21-31 pm.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,302
  • Aug 11, 2020 3:30am Aug 11, 2020 3:30am
GBPJPY Aug 11 H4 since that last BUOB ... it rally on

isn't that taking trade would be a breeze when you learn PA and follow the HA candles with the 5EMA,

the rest is Money Management(risk management included) and your trading psychology aka "Mental fitness" to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Aug 11 H4 BUOB 11-8-2020 4-26-07 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,303
  • Aug 11, 2020 3:37am Aug 11, 2020 3:37am
USDCAD Aug 11 H4 25 minutes to the 2AM PDT candle

look at it now trading decision is simple and taking trade would be a breeze.

No need for any of the TDI M15H1Vline gimmick. Just use the TDI in Post#25, the same TDI the OP used when he started trading in 2008.

Follow the trading journey of the OP and you will learn and build confidence. It takes time so give yourself all the time you need.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Aug 11 H4 pre-2AM PDT 11-8-2020 4-34-12 pm.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,304
  • Aug 11, 2020 3:57am Aug 11, 2020 3:57am
EURUSD H1
TP +19 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 33 KB
"Successful investing takes time, discipline and patience."-Warren Buffet
  • #107,305
  • Aug 11, 2020 4:05am Aug 11, 2020 4:05am
Aug 11 2AM PDT 5AM EST

EURUSD H1 buy entry open

USDCAD H1 sell entry open

EURGBP H1 buy enrty open

- charts later
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,306
  • Aug 11, 2020 5:11am Aug 11, 2020 5:11am
Quoting emmanuel7788
Aug 11 2AM PDT 5AM EST EURUSD H1 buy entry open USDCAD H1 sell entry open EURGBP H1 buy enrty open - charts later

Hey Folks,

here are my trades charts as promised.

sorry, for the delay but it is family dinner time here.

EURUSD H4 set up see Post#107,305

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Aug 11 H1 trade TP1 11-8-2020 6-03-12 pm.png Size: 49 KB



USDCAD H4 setup see Post#107,307

trade closed TP1 +10 pips, remaining got stopped out by the pull back.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Aug 11 H1 trade close TP1 BE 11-8-2020 6-04-33 pm.png Size: 47 KB


EURGBP H4

- no profit yet so I still have to manage this one.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Aug 11 H1 trade open 11-8-2020 6-05-14 pm.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,307
  • Aug 11, 2020 5:44am Aug 11, 2020 5:44am
GBPJPY Aug 11 H1 trade

- this one got in rather late as I was chasing the H4 BUOB candle.
- should be my last trade for today before I jump over to another trading forum for E-Mini Futures.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Aug 11 H1 trade H4 BUOB 11-8-2020 6-19-56 pm.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,308
  • Aug 11, 2020 5:56am Aug 11, 2020 5:56am
Quoting Tekkies
{quote} Would any comment be of value Kenneth? You follow your method rule's and those rule's work for you. ---- Why don't you enter when green cross red? Why do you enter on bar two at the end of the H4 time period? Why do you overly HA candle with Bar candle? {image}
Do I misunderstand something?
If the green cross red after the setup candle is close, I can enter a sell or buy at that time... no?

How do you know the setup bar may occur pullback or doji or more reverse direction or something in 4 hours (it's a very long time)?
I always check the price close.

Anyway, this trade failed..
not consolidation, no resistance/support, no small, big candle..
Finally, I exited -40 pips. (initial SL -90 pips)
  • #107,309
  • Aug 11, 2020 6:03am Aug 11, 2020 6:03am
Quoting emmanuel7788
{quote} Yes. Of course. MT5 Indicators for Trading Made Simple Synergy APB {click to download} Traders Dynamic Index {click to download}
thank you so much for these. By the way, Do you also have a colored stochs indicator?
  • #107,310
  • Aug 11, 2020 7:09am Aug 11, 2020 7:09am
Quoting KennethYang
{quote} Do I misunderstand something? If the green cross red after the setup candle is close, I can enter a sell or buy at that time... no? How do you know the setup bar may occur pullback or doji or more reverse direction or something in 4 hours (it's a very long time)? I always check the price close. Anyway, this trade failed.. not consolidation, no resistance/support, no small, big candle.. Finally, I exited -40 pips. (initial SL -90 pips)
Tekkies' 3 questions were all rubbish. He has his crystal ball and his TDI is his Holy Grail.

The H4 setup closed was correct and the Traders_Dynamic_Index Realtime confirms when the bar closed.
The risk is the Daily and Weekly are both bullish when today open.

I posted that GBPNZD H4 chart before that H4 candle time closed.

See Post#107,284.
The TDI green was flat during that H4 bearish candle, reason is the previous H4 was pin bar with small body.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Aug 11 H4 10PM PDT 11-8-2020 12-56-33 pm.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,311
  • Aug 11, 2020 7:13am Aug 11, 2020 7:13am
Quoting johnnyflex
{quote} thank you so much for these. By the way, Do you also have a colored stochs indicator?

you can use the MT5 platform Stochastics .

the Stoch Slope indicator is not used in TMS trading, unless you are trading CraigHarris Stochastic Method.

your MT5 chart should look like this below:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD H4 MT5 11-8-2020 8-10-52 pm.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,312
  • Aug 11, 2020 7:35am Aug 11, 2020 7:35am
Quoting emmanuel7788
{quote} Tekkies' 3 questions were all rubbish. He has his crystal ball and his TDI is his Holy Grail. The H4 setup closed was correct and the Traders_Dynamic_Index Realtime confirms when the bar closed. The risk is the Daily and Weekly are both bullish when today open. I posted that GBPNZD H4 chart before that H4 candle time closed. See Post#107,284. The TDI green was flat during that H4 bearish candle, reason is the previous H4 was pin bar with small body. {image}
My TDI is little different from your chart.
See below:
Attached Image (click to enlarge)
Click to Enlarge Name: Inked0811_GBPNZD_LI.jpg Size: 170 KB
  • #107,313
  • Aug 11, 2020 7:45am Aug 11, 2020 7:45am
Quoting KennethYang
{quote} My TDI is little different from your chart. See below: {image}

Yes, I noticed that already from many of your posts and charts.

My is the original version of the Traders_Dynamic_Index which I got from CompassFX.

Now I post my current H4 chart and you will see the TDI green and red lines are not updated yet until this current H4 bar time closes. That green line is still based on the previous bar.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Aug 11 H4 11-8-2020 8-42-42 pm.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,314
  • Aug 11, 2020 7:49am Aug 11, 2020 7:49am
Quoting emmanuel7788
{quote} Yes, I noticed that already from many of your posts and charts. My is the original version of the Traders_Dynamic_Index which I got from CompassFX. Now I post my current H4 chart and you will see the TDI green and red lines are not updated yet until this current H4 bar time closes. That green line is still based on the previous bar. {image}
Oh, I see.
Thanks!
  • #107,315
  • Aug 11, 2020 8:03am Aug 11, 2020 8:03am
Quoting KennethYang
{quote} Oh, I see. Thanks!

Now you can compare these two charts:

One minute before H4 closing

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAd Aug 11 H4 000103 11-8-2020 8-58-58 pm.png Size: 64 KB


And this when the H4 closed and it the 6AM PDT candle

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Aug 11 H4 6AM PDT 035948 11-8-2020 9-00-13 pm.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,316
  • Aug 11, 2020 8:30am Aug 11, 2020 8:30am
Quoting KennethYang
{quote} Do I misunderstand something? If the green cross red after the setup candle is close, I can enter a sell or buy at that time... no? How do you know the setup bar may occur pullback or doji or more reverse direction or something in 4 hours (it's a very long time)? I always check the price close. Anyway, this trade failed.. not consolidation, no resistance/support, no small, big candle.. Finally, I exited -40 pips. (initial SL -90 pips)
- If the green cross red after the setup candle is close, I can enter a sell or buy at that time... no?
What/ How do you see a setup candle?
I see the setup candle where green is clearly visible on the other side of red with angle above / below 2/4 and stoch confirm the direction on bar close.
(post#25 TDI always update green / red on bar close.)
Those two agree only then do I apply post#647
Answer: YES

Cannot answer you about H4 I use H1.
Attached Image (click to enlarge)
Click to Enlarge Name: setup.PNG Size: 53 KB
  • #107,317
  • Aug 11, 2020 9:18am Aug 11, 2020 9:18am
Related to Post 107,320
Trading TMS on H1.
Would not take this TDI crossover even with TDI green below 5 and stoch confirming direction.
- For the last four houers H1 went up and down. (Consolidation / ranging market?)
- M15 is still going up
Attached Image (click to enlarge)
Click to Enlarge Name: notrade11.PNG Size: 48 KB
  • #107,318
  • Aug 11, 2020 10:23am Aug 11, 2020 10:23am
Quoting KennethYang
{quote} Do I misunderstand something? If the green cross red after the setup candle is close, I can enter a sell or buy at that time... no? How do you know the setup bar may occur pullback or doji or more reverse direction or something in 4 hours (it's a very long time)? I always check the price close. Anyway, this trade failed.. not consolidation, no resistance/support, no small, big candle.. Finally, I exited -40 pips. (initial SL -90 pips)
How do you know the setup bar may occur pullback or doji or more reverse direction or something in 4 hours (it's a very long time)?

You cannot know. That is why many people consider it "wrong" to make an entry based on an open bar.

However, after you see that the green x red did not occur on the last closed bar, but now during the current bar you see green x red, you can IMMEDIATELY go to lower time frames and discover the TF where that green x red happens on a closed bar, and now make your analysis on THIS TF.

The closed-minded people and people with zero ability to think outside of the box (yep, that's right FakeTrader, you are in that pathetic group) would NEVER do such a thing because it is simply beyond them.
To free Gazans of Hamas, use whatever it takes.
  • #107,319
  • Aug 11, 2020 10:30am Aug 11, 2020 10:30am
The closed-minded people and people with zero ability to think outside of the box (yep, that's right FakeTrader, you are in that pathetic group) would NEVER do such a thing because it is simply beyond them.
Ooops
  • #107,320
  • Aug 11, 2020 10:35am Aug 11, 2020 10:35am
Quoting KennethYang
{quote} My TDI is little different from your chart. See below: {image}
Really, it is not that important.

My Colt 1911 Mk. IV series 70 is a little different from your Colt 1911 Mk. IV series 80, but if you know how to use one of them, it's no problem using the other.
To free Gazans of Hamas, use whatever it takes.
51 traders viewing now