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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

  • #111,841
  • Nov 25, 2020 11:18pm Nov 25, 2020 11:18pm
GBPNZD Nov 26 H4

- price action Bullish Engulfing Outside Bar
- its counter trend to the Weekly Trend 2/8 and the TDIC1 Daily.
- with the H4 ATR range 67 pips, it is possible to scalp the 4hr with TP1, TP2 , TP3 .

- otherwise we wait and pick a H1 sell trade setup later in H1 and better time the entry in M15.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Nov 26 H4 TMS_V19 26-11-2020 1-13-48 pm.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,842
  • Nov 25, 2020 11:48pm Nov 25, 2020 11:48pm
GBPNZD Volatility

Nov 26

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Nov 26 Volatility Day Hourly and Week 26-11-2020 1-46-10 pm.png Size: 20 KB


https://www.mataf.net/en/forex/tools/volatility
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,843
  • Nov 26, 2020 1:44am Nov 26, 2020 1:44am
AUDUSD Nov 26 London Open M15

- price action is swing low
- RSI green price line bounce + slope 7.2

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Nov 26 LS M15 bounce 26-11-2020 3-41-25 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,844
  • Nov 26, 2020 1:47am Nov 26, 2020 1:47am
Quoting emmanuel7788
GBPNZD Nov 26 H4 - price action Bullish Engulfing Outside Bar - its counter trend to the Weekly Trend 2/8 and the TDIC1 Daily. - with the H4 ATR range 67 pips, it is possible to scalp the 4hr with TP1, TP2 , TP3 . - otherwise we wait and pick a H1 sell trade setup later in H1 and better time the entry in M15. {image}

GBPNZD Nov 26

- watching the LO candle now ....

note the Mother Bar/Inside Bar breakout potential
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,845
  • Edited 2:13am Nov 26, 2020 1:52am | Edited 2:13am
Quoting DrDave
{quote} Now that we have seen that copyright violation can result in a thread being binned, and we see the copyright violation via emmanuel7788, the TMS thread is in jeopardy of being binned as well. The thread content is so far from what BigE presented that the only remnants are the TDI and HA bars. What the ToxicfakeTrader emmanuel77888 shows is how to distort and pervert the 5-method with added indicators, unwanted EAs, bits and pieces from other threads, and on and on, providing the very confusion that brings poor results as BigE said over and...
Hey @DrDeceit -- @Tekkies is trying to reach you over on your dead thread -- I wonder what she wants to talk about. Maybe how to calculate the value of a trade? You know, the one where 20x EURUSD 1-lot BUYS down 33 Pips has a value of $1.30. The reason why she tries to reach you over there is because she doesn't want readers in this thread to know that she is secretly trying to reach you. You two are soooo clever and sneaky...

Dude -- you spend so much time pooping over here you don't even notice when someone posts on your thread.

Attached Image (click to enlarge)
Click to Enlarge Name: DrDave-TDA-IMT-01.png Size: 603 KB



@DrDeceit -- I think most of us realize now that after 5 years and > 5400 posts the reason why @Tekkies can't tell the difference between a $6600 USD loss and a $1.30 USD loss is because she trades a demo account. And when you are trading demo then $6600 USD and $1.30 USD have the same value -- ZERO!! @DrDeceit and @Tekkies -- you two are very strange birds -- you deserve one another...
  • #111,846
  • Nov 26, 2020 2:11am Nov 26, 2020 2:11am
Now that we have seen that copyright violation can result in a thread being binned, and we see the copyright violation via emmanuel7788, the TMS thread is in jeopardy of being binned as well. I'm just trying to figure out where folks that read this thread draw the line on what they will accept as ethical, even when it means breaking the law, and what isn't. Or maybe you have no line? The thread content is so far from what BigE presented that the only remnants are the TDI and HA bars.

What the ToxicfakeTrader emmanuel77888 shows is how to distort and pervert the 5-method with added indicators, unwanted EAs, bits and pieces from other threads, and on and on, providing the very confusion that brings poor results as BigE said over and over would happen.
To free Gazans of Hamas, use whatever it takes.
  • #111,847
  • Nov 26, 2020 2:24am Nov 26, 2020 2:24am
Quoting DrDave
Now that we have seen that copyright violation can result in a thread being binned, and we see the copyright violation via emmanuel7788, the TMS thread is in jeopardy of being binned as well. I'm just trying to figure out where folks that read this thread draw the line on what they will accept as ethical, even when it means breaking the law, and what isn't. Or maybe you have no line? The thread content is so far from what BigE presented that the only remnants are the TDI...

well, then that old thread where the same materials Craig Harris Stochastics Method were posted much earlier will get binned too.

the legacy of eelfranz lives on no matter where the threads are.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,848
  • Nov 26, 2020 2:27am Nov 26, 2020 2:27am
Quoting emmanuel7788
{quote} GBPNZD Nov 26 - watching the LO candle now .... note the Mother Bar/Inside Bar breakout potential

GBPNZD Nov 26 London Open trade


- entry on completion of M30 good momentum

- that was quick +10pips, +15 pips and stopped out + 3pips on the pull back.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Nov 26 trades closed 26-11-2020 4-25-33 pm.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,849
  • Nov 26, 2020 2:44am Nov 26, 2020 2:44am
AUDJPY Nov 26 London session

- looking to short on completion of H1LO candle
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,850
  • Nov 26, 2020 3:44am Nov 26, 2020 3:44am
Quoting lddd
{quote} 4. No checklist needed. Emotions will be inevitable. You are a human being, its natural. Don't try to be so hard to your self while you progress but try to be as accurate as possible following your OWN rules out of what ever plan created CONSISTENTLY doing so. Rinse and Repeat.
I agree the checklist especially on number of trades is unnecessary.

imagine you spotted only 1 set up in a day, and it turned out a loss, what would you do and think?

Previous posts showed a sign of “rushing to success” and “unable to control emotion and open too many trades”

My guess would be you would think that you only entered 1 trade risking 0.33%, but HEY! I have got another 1.67% to risk today! I want to win it back! Oh No! Cant spot another setup? Nevermind! I can risk 2% max today, just enter a trade nonetheless.

and you will lose more. Really be careful with the current checklist.

My current way to train myself out of FOMO is to stop trading if I hit +/-4% a week regardless of numbers of trades per day. So I stopped on mid Wed these two weeks. Learn to calm down from a loss or win. Market is always here
  • #111,851
  • Nov 26, 2020 4:02am Nov 26, 2020 4:02am
First trade of the day. Today is Thursday Market is moving nicly. I miss most of the move now I am participating.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 56 KB
MA provides the market's current direction and strength.
  • #111,852
  • Nov 26, 2020 4:10am Nov 26, 2020 4:10am
Trade management EA close half of the trade. and trail stop according to my impute. Nice.
Trade management EA is very very very important when we trade M5 chart. We have to make quick decisions, Acting quickly is not posible all the time. If you have a Trade management EA please share.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 56 KB
MA provides the market's current direction and strength.
  • #111,853
  • Nov 26, 2020 4:55am Nov 26, 2020 4:55am
I switch time frame EA restart and Reduce my open positions size. This mistake reduces my profitability.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 51 KB
MA provides the market's current direction and strength.
  • #111,854
  • Nov 26, 2020 5:20am Nov 26, 2020 5:20am
Quoting hasib
First trade of the day. Today is Thursday Market is moving nicly. I miss most of the move now I am participating. {image}
Hasib, have you actually looked at your indicators and compared them to see if they tell the same thing or different things?

For example, I think in the main window that you have a Hull MA and in window 1 MACD.
Compare the green of MACD with that HMA. Aren't they essentially moving together and telling the same story?

As for the red MACD Signal line, does that tell you anything useful? The HMA slope changes are pretty good at marking useful swings. The MACD green cross red is quite late compared to the HMA color changes, so from what I see, the MACD red Signal line is nothing but clutter on your chart.

And because the MACD green line doesn't tell me anything more than the HMA tells me, that also become clutter. Therefore, I would not be using MACD with those settings because I gain no additional information from what I already get from the main window.

Did you actually spend some hours with multiple MACDs on a chart and use many different input values and study what they tell you and then select values to use based on getting useful information, or did you just use some settings that you found somewhere and hoped that it would help you somehow?
To free Gazans of Hamas, use whatever it takes.
  • #111,855
  • Nov 26, 2020 5:31am Nov 26, 2020 5:31am
Quoting DrDave
{quote} Hasib, have you actually looked at your indicators and compared them to see if they tell the same thing or different things? For example, I think in the main window that you have a Hull MA and in window 1 MACD. Compare the green of MACD with that HMA. Aren't they essentially moving together and telling the same story? As for the red MACD Signal line, does that tell you anything useful? The HMA slope changes are pretty good at marking useful swings. The MACD green cross red is quite late compared to the HMA color changes, so from what I see,...
I just put MACD on my Chart just to observe, To learn can MACD improve that system I have now. Yes, your right MACD doesn't give any better information. Anyway, I have to observe more. I am searching for something That will improve what I have now. I couldn't find anything better.

What settings you recommend Dave.
MA provides the market's current direction and strength.
  • #111,856
  • Nov 26, 2020 5:55am Nov 26, 2020 5:55am
Quoting hasib
I switch time frame EA restart and Reduce my open positions size. This mistake reduces my profitability. {image}
An extract from the pdf attachment :

"Setting α to zero means closing 0% of the position. Setting means partially closing at the same time as we close
the rest! The optimal solution to the problem is to not close partially without trailing the stop.
The partial closing of the position cannot turn a losing system into a winner. It can only reduce the profitability of any
winning system. It may, but not necessarily, turn a winning system into a losing one.
Let's put some figures in the equation for . How many times have you read the sentence below in the forum?
"I close half of my position when the profit is equal to my SL. So I let the profit run, worse case I'm break-even"
So this trader chose , one half of the position size and , which is the value of our normalized SL. Let's see
how he "improved" his system:"..............

What do you think ?
Thank you
Attached File(s)
File Type: pdf Expectancy management.pdf   948 KB | 325 downloads
  • #111,857
  • Nov 26, 2020 6:09am Nov 26, 2020 6:09am
Quoting hasib
I switch time frame EA restart and Reduce my open positions size. This mistake reduces my profitability. {image}

when you switch timeframe when THV CaveManager is running it will re-initialize and the management re-starts again from that point.

do not interrupt the EA when you have open positions.

many traders learn the hard way.

read the post by member Lookleft and this particular post link below.

https://www.forexfactory.com/thread/...12#post9251012
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,858
  • Nov 26, 2020 6:14am Nov 26, 2020 6:14am
Quoting hasib
{quote} I just put MACD on my Chart just to observe, To learn can MACD improve that system I have now. Yes, your right MACD doesn't give any better information. Anyway, I have to observe more. I am searching for something That will improve what I have now. I couldn't find anything better. What settings you recommend Dave.

the HMA(12) by RobinHood replaces the TDI.

you can use the MACD(2,13,7) to filter the setups.

buy when the MACD(2,13,7) histogram above 0.0 level
sell when the MACD(2,13,7) histogram below 0.0 level.
enter only when the price action crossover happen during the first 3 bars of the histogram.

there is a also a triple MACD to filter the trend and correction phases.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,859
  • Nov 26, 2020 6:18am Nov 26, 2020 6:18am
Quoting emmanuel7788
{quote} GBPNZD Nov 26 London Open trade - entry on completion of M30 good momentum - that was quick +10pips, +15 pips and stopped out + 3pips on the pull back. {image}

GBPNZD Nov 26

- today I closed a 2nd batch

- follow Weekly Trend 2/8 and TDIC1 Daily

- follow H4 price action below 5EMA

- look for momentum entry H1.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Nov 26 2nd batch trades closed 26-11-2020 8-15-49 pm.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,860
  • Nov 26, 2020 6:20am Nov 26, 2020 6:20am
Quoting emmanuel7788
AUDJPY Nov 26 London session - looking to short on completion of H1LO candle

AUDJPY Nov 26 H1 sell

- loss trade -8 pips

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Nov 26H1 loss 26-11-2020 8-19-12 pm.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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