Trading Made Simple(r) | Page 321 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,872 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(r)
Exit Attachments

Trading Made Simple(r)

  • #6,401
  • Nov 20, 2020 9:36am Nov 20, 2020 9:36am
Quoting 40PipsAlan
{quote} Maybe as a newbie WTDA training exercise we can start with identifying which pairs Emmanuel has earmarked for possible weekly trading opportunities? Market type?,direction, weekly range, support/resistance areas. If a newbie can correctly identify where the weekly is going then that has to be crucial point in becoming a full time trader. From my perspective of looking at weekly charts, I have no idea where that pair is heading or why, but i do know how many pips there are in a average weekly candle. "INSIDE BARS", "POP GUNS",...
Hi 40.
I see you are trading TMSr for some time now. I believe that you should make decision how to monitor higher time frame trend. RH do that. I don't remember if he ever show exactly how he is doing that but it doesn't mater. Just find your way, Emm is looking if W candle is between MA and that is one way. You can watch macd or some kind of MA. When your trend fallowing system will be in sinc with real trend you'll be on the money. Other time you will be out of market or having fewer loss as you would have not considering higher TF. Make some test and than just stick to that.
I have read some of your older post and I believe you are doing good job.
  • #6,402
  • Nov 20, 2020 2:39pm Nov 20, 2020 2:39pm
Hi Everyone

I want to first start by sending a big thank you to RH, SM, Emm and everyone else who has contributed to the development of this trading approach but especially to Big E -may he RIP.

The TMS(r) is truly a stress free way to trade forex.

I have been trying out the system on demo for two days now and so far it's been a relatively smooth experience that has been made easier by the submissions from other contributors, full-time and aspiring traders alike.

Thank you all!
FD
  • #6,403
  • Nov 21, 2020 11:48am Nov 21, 2020 11:48am
Hi Again

Can I get some feedback on my approach to entering trades using the TMS(r)?

I look for daily timeframe trend/bias using the TMS(r) steps.

Attached Image (click to enlarge)
Click to Enlarge Name: D1 HTF.png Size: 82 KB

Once the bias/trend is observed I then drill down to the M15 TF either at the start of London Open or NY/London Crossover session to find a Cross-over pattern in line with HTF trend based on TMS(r) rules.

Attached Image (click to enlarge)
Click to Enlarge Name: M15.png Size: 89 KB

Trade can then be monitored at D1 level if required or possibly used to scalp 20-30 pips or an amount based on ADR of selected pair.

Does this make sense to anyone or am I completely off base?


PS: Trying to backtest in MT4 but having issues getting my version of FX Blue up and running.
FD
  • #6,404
  • Nov 22, 2020 1:30am Nov 22, 2020 1:30am
Quoting kin78
Hi Again Can I get some feedback on my approach to entering trades using the TMS(r)? I look for daily timeframe trend/bias using the TMS(r) steps. {image} Once the bias/trend is observed I then drill down to the M15 TF either at the start of London Open or NY/London Crossover session to find a Cross-over pattern in line with HTF trend based on TMS(r) rules. {image} Trade can then be monitored at D1 level if required or possibly used to scalp 20-30 pips or an amount based on ADR of selected pair. Does this make sense to anyone or am I completely...
Hi Kin78

Your approach seems to be correct, but I am also keen to hear from others in the group. I have been trading with this method with good results.

Your template looks to be simple and clean. Could you pls share the template and indicators

tnm
  • #6,405
  • Nov 22, 2020 2:48am Nov 22, 2020 2:48am
Quoting kin78
Hi Again Can I get some feedback on my approach to entering trades using the TMS(r)? I look for daily timeframe trend/bias using the TMS(r) steps. {image} Once the bias/trend is observed I then drill down to the M15 TF either at the start of London Open or NY/London Crossover session to find a Cross-over pattern in line with HTF trend based on TMS(r) rules. {image} Trade can then be monitored at D1 level if required or possibly used to scalp 20-30 pips or an amount based on ADR of selected pair. Does this make sense to anyone or am I completely...
Your top down approach is good when you are trading the lower TFs like the M15 in your case.

Looking at your Daily chart close on Friday Nov 20, I see the price on both days Nov 19 and Nov 20 did not show bearish close.
This is indication the intraday H1 is choppy and to catch a M15 in the direction of your Daily will be tricky next week during the London session.

To catch 20 to 30 pips trading M15 TF, you have to be aggressive in your trade entry.

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY D1 open close 22-11-2020 4-41-10 pm.png Size: 180 KB

Trade Well. Trade Safe and Stay Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,406
  • Nov 22, 2020 9:26am Nov 22, 2020 9:26am
Quoting emmanuel7788
{quote} Your top down approach is good when you are trading the lower TFs like the M15 in your case. Looking at your Daily chart close on Friday Nov 20, I see the price on both days Nov 19 and Nov 20 did not show bearish close. This is indication the intraday H1 is choppy and to catch a M15 in the direction of your Daily will be tricky next week during the London session. To catch 20 to 30 pips trading M15 TF, you have to be aggressive in your trade entry. {image} Trade Well. Trade Safe and Stay Safe.
Thank you very much for the feedback Emmanuel.

You have just cleared up an important piece for me and perhaps others.

Despite the color of the candles, the direction and color of the HMA and MA curves, I never paid that much attention to the open and close of the bars before - call me lazy . I now see that the distance between the open and close of the bars reduces as an early warning signal for the trend stalling (LTF choppiness as you mentioned). They then reverse even before the color of the bars, HMA and MA curves catch up.

I will continue to study the charts to see how often this happens and how reliable a signal it could be in tandem with the other indicators.


Cheers!
FD
  • #6,407
  • Nov 22, 2020 9:34am Nov 22, 2020 9:34am
Quoting Tnm
{quote} Hi Kin78 Your approach seems to be correct, but I am also keen to hear from others in the group. I have been trading with this method with good results. Your template looks to be simple and clean. Could you pls share the template and indicators tnm
Hi Tnm

Thank you for the feedback.

I am using template #1 the was shared by RH in post 1 to which I have added the news indicator and smTmms Oscillator. You can find those by clicking on the paperclip at the top right hand corner of the forum page.

Sharing the Symbol changer indicator for you.

Cheers!
Attached File(s)
File Type: ex4 Symbol_Changer_PLUS.ex4   184 KB | 394 downloads
FD
  • #6,408
  • Nov 22, 2020 10:02am Nov 22, 2020 10:02am
Quoting kin78
{quote} Thank you very much for the feedback Emmanuel. You have just cleared up an important piece for me and perhaps others. Despite the color of the candles, the direction and color of the HMA and MA curves, I never paid that much attention to the open and close of the bars before - call me lazy . I now see that the distance between the open and close of the bars reduces as an early warning signal for the trend stalling (LTF choppiness as you mentioned). They then reverse even before the color of the bars, HMA and MA curves catch up. I...
yes indeed a valuable snippet of information to all. Just wondering if the HA candles on the daily TF is causing more problems than solving them. I too am lazy in looking at the daily TF and seeing the blue or red tends to point me in that direction. Maybe I should try normal candles on the daily chart for my analysis or one colour to make me look at the open and close.
  • #6,409
  • Nov 22, 2020 10:47am Nov 22, 2020 10:47am
Quoting 40PipsAlan
{quote} yes indeed a valuable snippet of information to all. Just wondering if the HA candles on the daily TF is causing more problems than solving them. I too am lazy in looking at the daily TF and seeing the blue or red tends to point me in that direction. Maybe I should try normal candles on the daily chart for my analysis or one color to make me look at the open and close.
Before you do that I would recommend that you try to understand how each indicator is contributing to the method. See what the chart is saying to you with just the HA candles, then just the OHLC candles and then just the APB indicator. Then gradually add each back and see how they contribute in turn.

For example, if you consider the OHLC bars you can see that by watching how they develop and waiting for a retracement in price back towards the HMA or MA line you can get better entries than simply just entering at the start of the new candle based primarily on candle color.

Essentially the choice is yours but can you truly say that you will be following the method by changing such a fundamental aspect of it?

My advice is to take the time to see how each indicator works to make the method useful. When I started in forex a few months ago I didn't allow myself to get caught in the trap to believe that this was easy.

It can be simple but it definitely isn't easy.

Cheers!
FD
  • #6,410
  • Nov 23, 2020 4:26am Nov 23, 2020 4:26am
Quoting kin78
Hi Again Can I get some feedback on my approach to entering trades using the TMS(r)? I look for daily timeframe trend/bias using the TMS(r) steps. {image} Once the bias/trend is observed I then drill down to the M15 TF either at the start of London Open or NY/London Crossover session to find a Cross-over pattern in line with HTF trend based on TMS(r) rules. {image} Trade can then be monitored at D1 level if required or possibly used to scalp 20-30 pips or an amount based on ADR of selected pair. Does this make sense to anyone or am I completely...
please i get the HMA Tend in the chart I downloaded the Robin Hood I can't insert thanks
  • #6,411
  • Nov 23, 2020 9:25am Nov 23, 2020 9:25am
Hi Kaca

Please try to close and reopen mt4 to see if that helps.

If it doesn't, check to make sure that the "Allow DLL imports" check box is selected.

Hopefully this helps.


Cheers!
FD
  • #6,412
  • Nov 23, 2020 10:36am Nov 23, 2020 10:36am
[quote = kin78; 13277765] Ahoj Kaca, zkuste zavřít a znovu otevřít mt4, abyste zjistili, zda to pomáhá. Pokud se tak nestane, zkontrolujte, zda je zaškrtnuto políčko „Povolit import DLL“. Doufejme, že to pomůže. Na zdraví! [/ Citovat]
thanks for trying me the window won't even open, so i can't enter anything i don't know advice
  • #6,413
  • Edited 5:19pm Nov 23, 2020 5:09pm | Edited 5:19pm
Quoting kin78
{quote} Thank you very much for the feedback Emmanuel. You have just cleared up an important piece for me and perhaps others. Despite the color of the candles, the direction and color of the HMA and MA curves, I never paid that much attention to the open and close of the bars before - call me lazy . I now see that the distance between the open and close of the bars reduces as an early warning signal for the trend stalling (LTF choppiness as you mentioned). They then reverse even before the color of the bars, HMA and MA curves catch up. I...
CHFJPY Nov 24 Daily SYD Open

Just to follow up with the CHFJPY discussion, last week Nov 19 and 20 stalled,

and yesterday it did a turn-around. Will this be the reversal?

Now we wait for the Stochs and RSI to cross the 50-level for the Crossover setup.

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY Nov 20 SYD OPen 24-11-2020 7-04-45 am.png Size: 65 KB


Note: my broker live data has a big gap down open ~22pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,414
  • Nov 23, 2020 7:40pm Nov 23, 2020 7:40pm
Quoting emmanuel7788
{quote} CHFJPY Nov 24 Daily SYD Open Just to follow up with the CHFJPY discussion, last week Nov 19 and 20 stalled, and yesterday it did a turn-around. Will this be the reversal? Now we wait for the Stochs and RSI to cross the 50-level for the Crossover setup. {image} Note: my broker live data has a big gap down open ~22pips.
This Turned out to be a good cross-over trade at the 4H timeframe.

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYH4.png Size: 73 KB



It seems to me that based on the TMS(r) method this would be a very low probability trade considering the position of the RSI and Stochs on both the Daily and Weekly TFs.

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYDaily.png Size: 83 KB
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYWeekly.png Size: 81 KB


This one would have had to be a "gut call" or based on more experience trading using other methods or confluences.

Overall lesson about the OHLC bars and indicator of trend stall and as a precursor to trend change is valuable insight.

Cheers!
FD
  • #6,415
  • Nov 25, 2020 12:21am Nov 25, 2020 12:21am
hello i cant download the template why?
  • #6,416
  • Nov 26, 2020 12:29am Nov 26, 2020 12:29am
Quoting kin78
{quote} This Turned out to be a good cross-over trade at the 4H timeframe. {image} It seems to me that based on the TMS(r) method this would be a very low probability trade considering the position of the RSI and Stochs on both the Daily and Weekly TFs. {image} {image} This one would have had to be a "gut call" or based on more experience trading using other methods or confluences. Overall lesson about the OHLC bars and indicator of trend stall and as a precursor to trend change is valuable insight. Cheers!
Hi Kin, what is the indicator name that displays session timing on top of your chart?
  • #6,417
  • Nov 26, 2020 10:01am Nov 26, 2020 10:01am
Quoting Vivi-l
{quote} Hi Kin, what is the indicator name that displays session timing on top of your chart?
Hi V

Its the symbol changer indi. See post 6407!


Cheers
FD
  • #6,418
  • Nov 26, 2020 10:38am Nov 26, 2020 10:38am
can you please advise me when to enter the trade, already this candle or thank you for the next one
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-monecor-london-ltd.png Size: 121 KB
  • #6,419
  • Nov 26, 2020 4:33pm Nov 26, 2020 4:33pm
Quoting kaca33
can you please advise me when to enter the trade, already this candle or thank you for the next one{image}

read and study Post#1.


pay attention to his


ADDENDUM - 7/16/19

For those of you who may be struggling to get a good percentage of winning trades, here's what I suggest.

ONLY trade Continuation Trades on a 4 hour chart for now, and only until you perfect trading them. Do not take any Crossover Trades.



then practice, practice, practice ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,420
  • Nov 27, 2020 12:34am Nov 27, 2020 12:34am
Hi @kin78
Why i cant seems to load the symbol changer plus in my chart?

Thanks and have a good day to everyone
11 traders viewing now, 1 is registered:
jasper2603