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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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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

  • #110,321
  • Oct 30, 2020 6:04pm Oct 30, 2020 6:04pm
Quoting foxali300
{quote} Sorry Emma you mean better i wait about give good setup for sell ?

you look at H4 price action, would buy be better or sell be better?

then you pick one H1 bar/candle that shows MOMENTUM

you look at the average bar size of the previous H1 bars (not the HA candle), can you take 3 TPs profits +5pips, +10pips, + 15pips in one H1 bar/candle?

do you know why I use THV CaveManager EA to manage my trades ?

do you know why I run THV CaveManager EA on M15 and not on H1 ?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,322
  • Oct 30, 2020 7:34pm Oct 30, 2020 7:34pm
Quoting emmanuel7788
{quote} Hi hasib Just one month September 2020 trading results will show the true performance of a method. The market goes through different cycles of different market types conditions in different timeframes. In your case, you trade H1 and it is a poor performing timeframe. TMS 5-Method will not produce good results when the market type condition is sideways narrow ranged. TMS 5-Method performs better when swing trading (H4 and Daily) in two Market Types - 1) Trending Market Type and 2) Sideways Wide Ranged market type. Money Management strategy...
If TMS 5-method not produce good results how can you trade so well in M15 and H1? H4 is too long to me I only use it to enter in H1
  • #110,323
  • Oct 30, 2020 7:51pm Oct 30, 2020 7:51pm
Quoting fddisaster
{quote} If TMS 5-method not produce good results how can you trade so well in M15 and H1? H4 is too long to me I only use it to enter in H1

it is Systems Thinking that produce the trading results not the method.

if you follow my recent live market charts and live trades posts you have to participate and ask questions here. this way you will learn faster when you know the thought process for every chart I post and the trades I take.

you don't have to take trades on H4 but you can scalp the 4hr like the way he OP mentioned in his posts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,324
  • Oct 30, 2020 8:04pm Oct 30, 2020 8:04pm
General reading:

SYSTEMS THINKING: WHAT, WHY, WHEN, WHERE, AND HOW?

https://thesystemsthinker.com/system...where-and-how/

How do you you apply this when trading the markets.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,325
  • Oct 30, 2020 8:13pm Oct 30, 2020 8:13pm
Quoting emmanuel7788
{quote} you look at H4 price action, would buy be better or sell be better? then you pick one H1 bar/candle that shows MOMENTUM you look at the average bar size of the previous H1 bars (not the HA candle), can you take 3 TPs profits +5pips, +10pips, + 15pips in one H1 bar/candle? do you know why I use THV CaveManager EA to manage my trades ? do you know why I run THV CaveManager EA on M15 and not on H1 ?
Oh yes for was trading just look 1h and trading 15 m this ok or wrong?
Yes tell my if want trading 1h or 4h or 15 what frame look alway??
  • #110,326
  • Oct 30, 2020 8:16pm Oct 30, 2020 8:16pm
Quoting emmanuel7788
{quote} you look at H4 price action, would buy be better or sell be better? then you pick one H1 bar/candle that shows MOMENTUM you look at the average bar size of the previous H1 bars (not the HA candle), can you take 3 TPs profits +5pips, +10pips, + 15pips in one H1 bar/candle? do you know why I use THV CaveManager EA to manage my trades ? do you know why I run THV CaveManager EA on M15 and not on H1 ?
no I do not know about THV CaveManager EA what is that ?.?
  • #110,327
  • Oct 31, 2020 12:15am Oct 31, 2020 12:15am
I have tested the same period, Now in H4 Chart. H4 chart improves profitability and Profit factors. But to get 10% return I have to increase Lot size, That increases risk Now there is 2.6% probability that I could lose 10% of my account balance. I have added 50 ema and one additional indicator to better understand the H4 chart. To avoid a sideways market I have used my market structure knowledge and apply. To get 10% in a month I have to add in winners That is also increase risk. But what to do making 10% within 4 weeks it requires taking more risk.
if have any suggestions let me know. oh yes I have started Reading Trading Psychology books
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 102 KB
Attached Image
MA provides the market's current direction and strength.
  • #110,328
  • Oct 31, 2020 12:59am Oct 31, 2020 12:59am
I am very protectful of all our members. We don't have a stressful thread... no name calling allowed. I'll delete anyone who starts any problems. If you have a problem PM me and don't post it. If your not happy... please move on quietly. I'd do the same for you. You want Stress Free learning... come join us...


Big E wanted this to be a thread for stress free learning. For a long time now it has become a forum for arguing, mocking , competing (ideas / influence), outright tearing down of anybody that does not agree with one.
What has this got to say about our respect for the memory of Big E. What has all this got to do with "Trading Made Simple"
  • #110,329
  • Oct 31, 2020 2:06am Oct 31, 2020 2:06am
Quoting lddd
{quote} I don’t plan to do anything with it. I just wanted to know about if there are stats. Some answer like „No sorry I don’t have such statistics my self“ would have been enough to say. But that you bring up those things you have to add to your decision making process before having that edge within the TDI just shows me there is no edge in a good angle it self and therefor at least for me wouldn’t make anything more simple than reading the current price chart and decide to press a buy or sell button or not. Not stucking in the same groove. Thanks...
"reading the current price chart"
From which bar do you start to read the current price chart. I see many patterns in hindsight when it can not do me any good.
TDI setup gives me that bar to start using post#647.
----
Don't understand "would have been enough to say".
You mean it is OK for you to accuse member's (left,right,center) of misleading reader's based on lack of supporting data.
a Straight ask would have been "Tekkies do you have such and such data I can view"
  • #110,330
  • Oct 31, 2020 4:43am Oct 31, 2020 4:43am
Quoting foxali300
{quote} Oh yes for was trading just look 1h and trading 15 m this ok or wrong? Yes tell my if want trading 1h or 4h or 15 what frame look alway??
Hi foxali

now we shall look at the current GBPUSD multi-charts as of New York closed on Friday 5PM.

with the Oct MN closed, we shall update our big picture during this weekend planning session.

looking at the Weekly, Daily and H4, this is a challenging pair to trade next week with two big events - the US elections and ongoing Brexit talks.
but we shall trade live as we have done in the recent weeks. no hindsight trading posting only winning trades here.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Oct 30 NY Closed 31-10-2020 7-27-36 pm.png Size: 54 KB


Next, we study our TMS_V19 H4 chart below.
As we see the Weekly Trend 2/8 is sideways for weeks. As confirm what we see on the Weekly price action multi-charts above.
The Daily TDIC1 is red, which means the D1 RSI price line is below the red trade signal line.

But we can day trade H1 next week during the London session and we follow the H4 price action. We must try catch the H1 reversal candle setup or a PCRF with price momentum. Each H1 bar/candle we try catch 3 exits TPs +5pips, +10pips and +15pips and let the market decide the final exit using THV CaveManager trade manager EA.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 H4 Oct 30 NY Close 31-10-2020 7-29-06 pm.png Size: 70 KB

Stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,331
  • Oct 31, 2020 4:47am Oct 31, 2020 4:47am
Quoting foxali300
{quote} no I do not know about THV CaveManager EA what is that ?.?

THV CaveManager trade manager EA

https://www.forexfactory.com/thread/...5#post12393525
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,332
  • Edited 7:58am Oct 31, 2020 7:24am | Edited 7:58am
Quoting Tekkies
{quote} "reading the current price chart" From which bar do you start to read the current price chart. I see many patterns in hindsight when it can not do me any good. TDI setup gives me that bar to start using post#647. ---- Don't understand "would have been enough to say". You mean it is OK for you to accuse member's (left,right,center) of misleading reader's based on lack of supporting data. a Straight ask would have been "Tekkies do you have such and such data I can view"
I look at time of the day. Price will be the same on all time frames. Two scenarios. I enter and make my profit or i fail. If i fail i try to fix it within the day or next days. If i profit i stop for the day and enjoy my time. My average amount of time spend sitting in front of a chart each day for the last 5 Months is 5 Minutes, i am up 179%. Simple. No indicators needed, no analyses paralyses, no hindsight reading. The TDI, Stoch and what ever you add will only show you something already happened in the past, so no edge for me. Discipline and a bank roll is the edge, thats where people seem to fail (my impressions after beeing in that battle ground for over 10 years now). Not saying the TDI, Stock, MAs can´t be useful for anyone, but for me i figured out they do make things unnecessarily more complicated. And like that i can´t see any reliable data / statistics to be gathered with it you could back that "edge" claim on. Thats the only reason i did comment on this again. If people do like to use it, i have no problem with that. Everybody needs to do what works for him/her.
  • #110,333
  • Oct 31, 2020 7:31am Oct 31, 2020 7:31am
Quoting foxali300
{quote} no I do not know about THV CaveManager EA what is that ?.?
That EA is not important for this thread. No EAs are important for this thread. In fact BigE made it clear that he wants no EAs here and no discussions of them.

Maybe you should try reading the ENTIRE thread instead of a post here and there.

You will find an expert word-twister and perverter on this thread that will twist and/or add to what BigE said, trying to twist the meaning to fit HIS way of doing things, and try to use that as an excuse for using EAs. Don't be fooled and fall into his trap.

What were BigE's actual words about EAs?
Post #139
Quoting eelfranz
Moe, We don't want any EA's. Why? They can't observe and think like humans can and do. You need to learn to think on your own while trading and making your own decisions. Most EA"s don't work well anyway... sorry buddy...
Here are the very important words, "We don't want any EA's." Notice that important qualifier-ANY. To help those that have comprehension problems with English, we can reorganize this to "We want NO EA's."

It is important when performing the textual exegesis to not pull the words out of context, but to study not only the immediately surrounding text, but other text that the writer has presented on the subject. An important element in the analysis that is too often overlooked is what is NOT said.

There are a variety of EAs that have a range of functionalities. There could very well be EAs that would provide some type of aid for some people. But that fact becomes moot and unproductive to discuss, because from post #139, it is very clear that BigE did not want EAs of any kind. If BigE were interested in having some kinds of EAS, for example "helper" EAs that could do something like sound an alert when a TDI green cross red occurred, then he would have included a list of exceptions for certain types of EAs. No exceptions were given.

So, for those of you that like the idea of using EAs in this thread, consider the wishes and WORDS of BigE and decide if you will show respect for his wishes and not discuss EAs in this thread, or simply treat the thread as the Dump Thread and do whatever you feel like doing.

You can try to keep the thread on track (with ONLY HA bars, TDI, and stochastics), or add more to the Dump. You're free to choose.
To free Gazans of Hamas, use whatever it takes.
  • #110,334
  • Oct 31, 2020 7:37am Oct 31, 2020 7:37am
Quoting wnabo
I am very protectful of all our members. We don't have a stressful thread... no name calling allowed. I'll delete anyone who starts any problems. If you have a problem PM me and don't post it. If your not happy... please move on quietly. I'd do the same for you. You want Stress Free learning... come join us... Big E wanted this to be a thread for stress free learning. For a long time now it has become a forum for arguing, mocking , competing (ideas / influence), outright tearing down of anybody that does not agree with one. What has this got...
For a long time now it has become a forum for arguing, mocking , competing (ideas / influence), outright tearing down of anybody that does not agree with one. What has this got to say about our respect for the memory of Big E. What has all this got to do with "Trading Made Simple"

EXACTLY! Why do you think it has been labeled "Trampling My System" and "ToxicDumpThread", and the place to come for daily laughs, not for serious discussions of BigE's system as he presented it?
To free Gazans of Hamas, use whatever it takes.
  • #110,335
  • Oct 31, 2020 8:09am Oct 31, 2020 8:09am
Quoting DrDave
{quote} For a long time now it has become a forum for arguing, mocking , competing (ideas / influence), outright tearing down of anybody that does not agree with one. What has this got to say about our respect for the memory of Big E. What has all this got to do with "Trading Made Simple" EXACTLY! Why do you think it has been labeled "Trampling My System" and "ToxicDumpThread", and the place to come for daily laughs, not for serious discussions of BigE's system as he presented it?
You love and respect BigE a lot. But EA back in 2009 and EA in 2020 has some differences. You alone can't make this thread as good thread again. This has become very long. Different kinds of people participate here, I think we all appreciate one another and learn from each other It will good for us.
MA provides the market's current direction and strength.
  • #110,336
  • Oct 31, 2020 2:21pm Oct 31, 2020 2:21pm
in
Quoting eelfranz
----------------
Our friends outside the USA....

I believe the London Session is the best sesson to trade... The only reason I trade it on the 4hr charts because that's my normal sleep time. I put my S/L at the previous swing hi or low... so if it swings up and down 30 pips let say... I'm unaware of it because I'm sleeping.

If my normal traing hours included the London Session I'd trade it on the 1hr charts. Then I'd trade the first couple of hours on the N.Y session on the 1hr charts too. Then I'd be off the charts until an hour or two before the London Session...

Put the odds in your favor for success... It's like looking for the best set ups only... odds in your favor again.

and

in about 7 hours, it will be Daylight Saving Time DST shift in the US.

some brokers will have their server time changed too, this mean we may see different H4 candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,337
  • Oct 31, 2020 2:39pm Oct 31, 2020 2:39pm
Quoting emmanuel7788
{quote} Hi foxali now we shall look at the current GBPUSD multi-charts as of New York closed on Friday 5PM. with the Oct MN closed, we shall update our big picture during this weekend planning session. looking at the Weekly, Daily and H4, this is a challenging pair to trade next week with two big events - the US elections and ongoing Brexit talks. but we shall trade live as we have done in the recent weeks. no hindsight trading posting only winning trades here. {image} Next, we study our TMS_V19 H4 chart below. As we see the Weekly Trend 2/8 is...
Hello Emma ... ok than we will wait gbpusd give setup on 1h for buy i think or still sell ?.
  • #110,338
  • Oct 31, 2020 2:40pm Oct 31, 2020 2:40pm
About trade Exit strategy and trade management

Quoting eelfranz
Klops... (503) I'm not looking for 15 pips profit... more like 150 ! The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas. You hope to win but don't often... Your taking money for entertainment and relaxation... So I don't give it a second thought... It's entertainment money as I said... Besides It always grows larger... I REMEMBER THE DAYS WRINGING OUT MY HANDS FOR MY $500 ACCOUNT... THE SKIES FALLING ! Help, help, help. If I enter a trade lets say and[/highlight]...
quoting the OP:
If I enter a trade lets say and I'm monitoring the trade and its up 50 pips but suddenly it pulls back 10-15 pips I just exit. I'll keep the profit at $10 a pip... no big deal. If it turns and continues (bounce) I'll just jump back in... Don't get so rigid...


What shall you do if you do not want to be monitoring every trade you placed?

Use a trade manager expert advisor aka EA like the THV CaveManager CM.

CM has the feature Capital Protection which you can set your personal preferences like what the OP mentioned in his post above.

You can change the default setting here:

Attached Image (click to enlarge)
Click to Enlarge Name: CM setting Capital Protection.png Size: 27 KB


THV CaveManager EA.
Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455
Both the EA and pdf description are in Post#30,032
User guide by FF member Lookleft Post# 58,004
I made a pdf for member hsn100.
CM parameter setting for HSN : Post#56,308
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,339
  • Oct 31, 2020 2:44pm Oct 31, 2020 2:44pm
Quoting emmanuel7788
{quote} THV CaveManager trade manager EA https://www.forexfactory.com/thread/...5#post12393525
Oh it is Indicator too
  • #110,340
  • Oct 31, 2020 2:45pm Oct 31, 2020 2:45pm
Quoting foxali300
{quote} Hello Emma ... ok than we will wait gbpusd give setup on 1h for buy i think or still sell ?.
Pandemic update:

BJ announced four-weeks lockdown in England.

I will be extremely cautious day trading next week.

To all my UK friends,

stay safe!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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