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Trading Made Simple(r)

  • #5,961
  • Edited 2:37am Aug 29, 2020 1:59am | Edited 2:37am
Quoting Marcusv007
Morning Traders, signal appears to be shaping for continued downside; however it will only be validated by the MACD + SMI yellow lines crossing the 0 and diving for 4oclock.... at the moment even though we see the trend bricks change back to red the signal is inconclusive until we see those yelllow lines. Great week to all. {image}
@Myprofit Its a Pleasure, if there was anything else in my template you'd like, pls let me know.

Word to the wise, for anybody following the style I've been trading with the little tweaks:

In case anyone is wondering why I have smTMMS OScillator v4 and v7 in my charts, It is because the MACD yellow line in v4 will not cross the 0 line if the reversal is weak whereas v7 SMI will cross and show you an entry (image Points #1 and #2). But with the addition of the smTMMS SMI v7 when the MACD in v4 goes flat or maybe even turns back a little which can make you think you need to be out of the trade; the SMI Yellow line will continue on the original trajectory (image Point #3) telling you not to close the trade as the trend will continue.

THE KEY: Use the arrows for entries and exits, the discipline is to recognize bad/ wrong trades and close them immediately upon perception that they exist (no hesitation) and sit in Trades that will rally until the exit arrow NO MATTER WHAT -sit in them. That really is the bottom line cutting your losers early and letting your winners run, with correct position sizing one hopefully will find equilibrium and then "Grit".

Remember when opening trades it is expected that you will use some pips as bait but it is imperative that you close trades when the arrow reverses or once you realize conditions have changed. *Its better to be out wishing you were in than to be in wishing you were out*
A stitch in time saves 9, im not sure who needs to hear this but cut your losers early and without hesitation.
Attached Image (click to enlarge)
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The more you learn, the more you see
  • #5,962
  • Aug 29, 2020 5:06am Aug 29, 2020 5:06am
Quoting Marcusv007
{quote} @Myprofit Its a Pleasure, if there was anything else in my template you'd like, pls let me know. Word to the wise, for anybody following the style I've been trading with the little tweaks: In case anyone is wondering why I have smTMMS OScillator v4 and v7 in my charts, It is because the MACD yellow line in v4 will not cross the 0 line if the reversal is weak whereas v7 SMI will cross and show you an entry (image Points #1 and #2). But with the addition of the smTMMS SMI v7 when the MACD in v4 goes flat or maybe even turns back a little which...
Hi Marcus, could you please share the smTMMS SMI v4 indicator.. the one I found V4 on this thread is not based on MACD.. thanks for your time and help
  • #5,963
  • Edited 8:34am Aug 29, 2020 5:14am | Edited 8:34am
Quoting Marcusv007
{quote} In case anyone is wondering why I have smTMMS OScillator v4 and v7 in my charts, It is because the MACD yellow line in v4 will not cross the 0 line if the reversal is weak whereas v7 SMI will cross and show you an entry (image Points #1 and #2). But with the addition of the smTMMS SMI v7 when the MACD in v4 goes flat or maybe even turns back a little which can make you think you need to be out of the trade; the SMI Yellow line will continue on the original trajectory (image Point #3) telling you not to close the trade as the trend will continue....
Footnote: on point 3 - You might say BUT a close arrow didn't show------> Disclaimer there are the odd times where an arrow can show inaccurately for whatever reason(but if you close your mt4 program and re-open - it corrects) so you will also need to have a good account of conditions with the RSI, MACD, SMI H-A Candles to evaluate what is going on... it would be too easy if we only needed to follow the arrows. In your trade management one needs to train their eye on:
1) RSI
2)MACD behaviour
3)SMI Behaviour
4)Histogram Bars behavior [Are the histogram bars growing bigger with each new candle, or are they reducing in size (therefore reversing -exit), or none existent (weak reversal no bars registering on other side of 0 line]
5) Heikin-ashi :- learn what are the visuals that eliminate the irregularities from a normal chart - we get to see a better picture of trends and consolidation.

Out of 42 trades I did on Friday I would say an arrow error showed no more that 5 times - with the above tweak to my strategy i.e. trading immediately on arrow popup and managing the trade to stay in or exit I banked 323pips on Friday my highest yet in De30 in a LIVE account. So it works!!!
Attached File(s)
File Type: pdf Valcu-Using The Heikin-Ashi Technique.pdf   1,015 KB | 3,668 downloads
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  • #5,964
  • Aug 29, 2020 5:25am Aug 29, 2020 5:25am
Quoting Vivi-l
{quote} Hi Marcus, could you please share the smTMMS SMI v4 indicator.. the one I found V4 on this thread is not based on MACD.. thanks for your time and help
Its a pleasure, here you go!
Attached File(s)
File Type: ex4 smTMMS Oscillator_v4.0.ex4   26 KB | 674 downloads
File Type: mq4 smTMMS Oscillator_v4.0.mq4   12 KB | 626 downloads
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  • #5,965
  • Aug 29, 2020 7:50am Aug 29, 2020 7:50am
Quoting Marcusv007
{quote} Its a pleasure, here you go! {file} {file}
Thanks Marcus!
  • #5,966
  • Aug 29, 2020 9:12am Aug 29, 2020 9:12am
Quoting Marcusv007
{quote} Its a pleasure, here you go! {file} {file}
Hi Marcus,

this one also not MACD based....I dont see the yellow line .. and see the parameters belows
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  • #5,967
  • Aug 29, 2020 9:50am Aug 29, 2020 9:50am
Quoting Vivi-l
{quote} Hi Marcus, this one also not MACD based....I dont see the yellow line .. and see the parameters belows {image}
Second part missing

Add the MACD True indi to your MT4 if its not there already, then drag and drop it into your smTMMS v4 window, now enter the inputs as in the image....I have it on the default 12,26,9 settings
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 MACD True.ex4   10 KB | 581 downloads
File Type: mq4 MACD True.mq4   3 KB | 563 downloads
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  • #5,968
  • Edited Aug 30, 2020 4:44am Aug 29, 2020 10:29am | Edited Aug 30, 2020 4:44am
Some ideas and food for analysis.... got my crayons out lol sorry no decent editing software on my laptop also in all of my rush, appears its riddled with typo's sorryy...
I only hope for it to serve its purpose of what we're looking at and taking into account so you dont get caught out opening pointless trades and giving back your pips un-necessarily. But also more importantly it explains and shows you the best setup conditions for high probability setups that price movement is coming in the direction(trend) of the prevailing force.

1.) RSI + MACD +SMI Aligning on the sweet spot all on the 0 line or even already past it in the desired trade direction
2.) all 3 lines (rsi, macd,smi) are nsynch parallel to one another, in harmony and in agreement then in addition you see the HA candles are bigger and histogram bars are growing bigger supporting price action coming even by the 2nd-3rd candle...

Hope this helps.
Attached Image (click to enlarge)
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  • #5,969
  • Aug 29, 2020 12:52pm Aug 29, 2020 12:52pm
Quoting Marcusv007
Some ideas and food for analysis.... got my crayons out lol sorry no decent editing software on my laptop also in all of my rush, appears its riddled with typo's sorryy... I only hope for it to serve its purpose of what we're looking at and taking into account so you dont get caught out opening pointless trades and giving back your pips un-necessarily. But also more importantly it explains and shows you the best setup conditions for high probability that price movement is coming in the direction(trend) of the prevailing force. 1.) RSI + MACD +SMI...
Hello Marcusv007 and thank you for your work in this thread.
Are you now just using the 1 min chart alone, or still the 5 and 15 min chart too and must they all met the trade decisions as in the 1 min chart?

Gr Keansajeweki
  • #5,970
  • Aug 29, 2020 1:05pm Aug 29, 2020 1:05pm
Quoting Marcusv007
{quote} Second part missing Add the MACD True indi to your MT4 if its not there already, then drag and drop it into your smTMMS v4 window, now enter the inputs as in the image....I have it on the default 12,26,9 settings {image} {file} {file}
Thanks.. now i get the same
  • #5,971
  • Edited 1:55pm Aug 29, 2020 1:37pm | Edited 1:55pm
Quoting keansajeweki
{quote} Hello Marcusv007 and thank you for your work in this thread. Are you now just using the 1 min chart alone, or still the 5 and 15 min chart too and must they all met the trade decisions as in the 1 min chart? Gr Keansajeweki
Hi Keansajeweki, youre welcome.

I trade in the 1min but might use the 5 min and 15min to manage the longer running trends (when price is not range bound) should the trend manage to progress there.... my asset did it on Monday but not the rest of the week only friday but price moves so fast you can miss alot by being in the higher TF.

I use the 5 &15 to see what the MACD is doing on those higher time frames because that is where price more than likely wants to go…. The MACD shows you where price wants to be short or long in the immediate future or a lack of directional movement for that matter proves price will be locked or wont move too far. This week I learnt a weak-directionless MacD line on the 15min TF (on or along the 0 line) with no clear direction will mean price is likely to range i.e. locked between zones only going up and down irregularly.

It depends on your assets days range, where will they move price determines ones ability to monitor it on the higher TF's and the lot size you'll trade to allow for the patient progression on PA.
So in answer I use the higher TF's as a reference of the bigger picture but safe to say I trade the 1min ,

BTW: I no longer open and observe the 3 charts at the same time , because I later realized the coding on smtmms/MACD or maybe MT4 has a bug with the indi and if its not open completely-as-in full screen it gives a false reading of the macd line so ONE MUST LOOK AT THE SMTMMS V4 in full screen (as in 1 chart and not re-sized charts sharing a screen). It cost me some money figuring out that I was getting false readings by believing where price was moving to on a higher TF while trading in the 5 & 15min time frames.. So I'm now in the trenches on the front line trading the 1min lol its not as bad a people make out, or well maybe I;ve just gotten used to it. I catch trends very very early and im able to exit very very early it suits me.
The more you learn, the more you see
  • #5,972
  • Aug 29, 2020 2:36pm Aug 29, 2020 2:36pm
XAUUSD Week 36 to 40 Aug 31 to Sep 25 ( 20 trading day 4 weeks)

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,973
  • Aug 29, 2020 4:14pm Aug 29, 2020 4:14pm
Quoting Marcusv007
{quote} Hi Keansajeweki, youre welcome. I trade in the 1min but might use the 5 min and 15min to manage the longer running trends (when price is not range bound) should the trend manage to progress there.... my asset did it on Monday but not the rest of the week only friday but price moves so fast you can miss alot by being in the higher TF. I use the 5 &15 to see what the MACD is doing on those higher time frames because that is where price more than likely wants to go…. The MACD shows you where price wants to be short or long in the immediate...
Thank you very much, you are very helpful.

Gr Keansajeweki
  • #5,974
  • Edited 4:27am Aug 30, 2020 1:51am | Edited 4:27am
Quoting keansajeweki
{quote} Thank you very much, you are very helpful. Gr Keansajeweki
Lastly just wanted to say, the H-A book.pdf is like a little article by a trader very brief but it explains some very important information about what the HA candle scenarios mean. Learn them there are like only 5 conditions to recognize.

By upgrading our ability to read and understand the picture our instruments are painting we hopefully increase our capacity to try obtain consistency.

so the image shows the condition of price consolidation - possibility of trend change it is very important to recognize this condition and not trade be patient to be sure bulls or bears are in control ...on friday it happened New York session start I was seeing something like this on the 1 minute but the 5min and 15min MACD were already showing me that price wants to go short. However since I was trading the 1 min I had to wait for the confirmation with RSI, MACD and SMI in the one minute and not be too early.

But it is important to recognise this condition because one must not trade while its going on (long shadow candles, you'll notice the histogram bars show like half diamond shapes on each side of 0 which should alert you to erratic price action) you are likely to get chopped up on price movement unless ofcourse you are trading the 5min or a higher TF i.e. seeing a slightly bigger picture.

But recognise the.conditions so you know the signs for when real reversals come and you can be ready for when the signal is ripe to enter. As in this image we noted that MACD shifted to below zero and you also see RSI has shifted, technically you'd be waiting for the smi to give you the short arrow then you'd have rsi+macd+smi all.short now you'd be looking at the candle sizes hopefully big red or getting bigger and the same on the histogram bars on the short side of the zero line firmly red and increasing in size.
Goodluck.
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  • #5,975
  • Aug 30, 2020 2:42am Aug 30, 2020 2:42am
US Session start, but I hope for traders to better understand these market conditions to steer yourself out of warning positions into winning positions.
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  • #5,976
  • Aug 30, 2020 2:48am Aug 30, 2020 2:48am
Are we still talking of SIMPLER ?
  • #5,977
  • Edited 5:57am Aug 30, 2020 3:02am | Edited 5:57am
Quoting pcorneli
Are we still talking of SIMPLER ?
Yes, If you read on Page 1 we are to try evolve the method collectively.

Technically the instruments in use here are approved and previously applied by RH in this very thread. All I have done is add that we need to read the bigger picture more "for parties that are interested, this information is for such parties not everybody" its a slightly different style of trading the method (SMTMMS V4 and V7 are in use together WITH PURPOSE).. gosh we used to use the 4hr/Daily now im in the 1min LOL....

Because the markets have changed, somewhat more aggressive extremely volatile right now. One must either evolve or perish.

But emulate what works for you, trading can be as simple as you are able to make it, as long as its working.

Sarah Bernhardt Quote. Life begets life. Energy creates energy. It is by spending oneself that one becomes rich.
The more you learn, the more you see
  • #5,978
  • Aug 31, 2020 10:06am Aug 31, 2020 10:06am
Quoting Marcusv007
{quote} Yes, If you read on Page 1 we are to try evolve the method collectively. Technically the instruments in use here are approved and previously applied by RH in this very thread. All I have done is add that we need to read the bigger picture more "for parties that are interested, this information is for such parties not everybody" its a slightly different style of trading the method (SMTMMS V4 and V7 are in use together WITH PURPOSE).. gosh we used to use the 4hr/Daily now im in the 1min LOL.... Because the markets have changed, somewhat more...
You use the V4 and the V7, but why not use the V7 only and insert the MACD True in that window with a different color?
  • #5,979
  • Edited 4:38am Sep 1, 2020 4:26am | Edited 4:38am
I've made a couple tweaks that straight off I think have improved the setup, but I will test them out and update if anything...So for any interested parties here we are:

1. I deleted the smTMMS v4 window and added the MACDTrue to the TMMS v7 window (i previously kept the other window because the arrows sometimes would block me from seeing what the SMI line is doing.)

2. I'm replacing the the Bricks for Trends with the Volatility Pivot, R.H was kind enough to share it with me to test against the Bricks. (looks like it will stay and I'll get rid of the bricks.

I made the [volatility pivot - Trend manager] white and the MACD also white, because on my charts I see these 2 indicators as saviours lol true story tellers ...they tell you whats really going on if you listen to them; well watch them! ofcourse I'll keep th SMI - to judge the assets momentum or its lack of..


Please attached image.... I think I've maybe confused some traders and possibly provided an information overload in my haste to share some discovery's. So the image has a text box that gives a much "SIMPLER"approach to trading this method.
Attached Image (click to enlarge)
Click to Enlarge Name: SIMPLER.png Size: 470 KB
Attached File(s)
File Type: mq4 Volatility.Pivot.mq4   3 KB | 591 downloads
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  • #5,980
  • Sep 1, 2020 4:56am Sep 1, 2020 4:56am
Quoting Marcusv007
I've made a couple tweaks that straight off I think have improved the setup, but I will test them out and update if anything...So for any interested parties here we are: 1. I deleted the smTMMS v4 window and added the MACDTrue to the TMMS v7 window (i previously kept the other window because the arrows sometimes would block me from seeing what the SMI line is doing.) 2. I'm replacing the the Bricks for Trends with the Volatility Pivot, R.H was kind enough to share it with me to test against the Bricks. (looks like it will stay and I'll get rid of...
Nice .. you can also remove the stochastic lines from the RSI window
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