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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

  • #121,821
  • Jul 2, 2021 5:33am Jul 2, 2021 5:33am
Quoting DrDave
{quote} <yawn> STAY TUNED!

https://www.forexfactory.com/thread/...8#post13609668

we are all tuned-in to witness DrDave Friday mental meltdown ...

no surprise ... another losing week trading TDA with IMT.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,822
  • Jul 2, 2021 5:34am Jul 2, 2021 5:34am
Anyone trading H1 New York session ?

Big E only traded the first 3 hours of New York open

No more trading after London market session close.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jul 02 H1 NY Open2-7-2021 8-25-11 pm.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,823
  • Jul 2, 2021 7:37am Jul 2, 2021 7:37am
Quoting emmanuel7788
Anyone trading H1 New York session ? Big E only traded the first 3 hours of New York open No more trading after London market session close. {image}
Sure! I'm trading H1, but trade only first 2 hours of NY session (3rd hour is not good to enter, only to close previously open trades). So BigE timings are very good!
Observer effect
  • #121,824
  • Jul 2, 2021 2:18pm Jul 2, 2021 2:18pm
Quoting ryuryu
{quote} Sure! I'm trading H1, but trade only first 2 hours of NY session (3rd hour is not good to enter, only to close previously open trades). So BigE timings are very good!


that is also good too!

however, some people will say you did not respect the OP and did not follow his posts and rules:

I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step.
Post#1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,825
  • Jul 2, 2021 2:20pm Jul 2, 2021 2:20pm
Quoting emmanuel7788
Anyone trading H1 New York session ? Big E only traded the first 3 hours of New York open No more trading after London market session close. {image}
Thank you to the New York session.

All days work done in the first 3 hours when the bell rings.

Attached Image (click to enlarge)
Click to Enlarge Name: US30 Jul02 OFAMA 3-7-2021 5-08-32 am.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,826
  • Jul 2, 2021 3:54pm Jul 2, 2021 3:54pm
Quoting tommydoginti
{quote} Experimental reversal setups both entered pretty well the upswing from a downtrend. Need more practice and optimisation to see how it can be applied. Nevertheless, a reversal setup appeared and entered a buy. Usually should have closed but again experimenting stretching the TP. TDI bounce entry signal as trigger to open the trade {image}
TDI bounce entry to catch the momentum of NFP. Movement was quick and hit 50 pips TP before market close.



Attached Image (click to enlarge)
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  • #121,827
  • Jul 2, 2021 4:36pm Jul 2, 2021 4:36pm
Quoting emmanuel7788
{quote} UCad Jul 02 H1 New York 7am An example of a Price Action @ Resistance trade setup I did not take this trade ... too many trades running now. But you can study and learn from this chart
Attached Image (click to enlarge)
Click to Enlarge Name: UCad Jul 02 H1 IB breakout 7am NY 2-7-2021 7-18-36 pm.png Size: 52 KB

{image}
Attached Image (click to enlarge)
Click to Enlarge Name: UCad Jul 02 H1 EXIT 2-7-2021 8-02-35 pm.png Size: 61 KB


Lets review this UCad H1 trade setup.

- if we do not use the TDI for exit but instead make use of the HA candle and manage our trades with risk R and R-Multiple Exit Management,

how many Rs profits would you have made with that H1 Price Action trade setup?


Attached Image (click to enlarge)
Click to Enlarge Name: UCad Jul 02 H1 review 3-7-2021 7-24-40 am.png Size: 51 KB


There were situations where Big E said he would not exit using the TDI.

Read and study his posts and you will learn EVERYTHING.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,828
  • Jul 2, 2021 5:04pm Jul 2, 2021 5:04pm
Quoting eelfranz
WHEN TO EXIT ----------------- OK there appears to be some confusion here... According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great. However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally. {image}

WHEN TO EXIT -----------------

OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.

However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #7612 chart.png Size: 146 KB


and also read his next Post #1827
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,829
  • Edited 1:10am Jul 3, 2021 12:45am | Edited 1:10am
Quoting emmanuel7788
I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step. Post#1...
Personally I don't see any difference in trading 1m or 1h. Just different approaches and strategies. For example I'm trading with very cool guys in their trading room every day and in most cases it is 1m timeframe.

Another strategy I use is 1H TMS-like but with some improvements. First is that I'm trading from London Open to NY open + 2 hours. Second that I'm using not only stochastic and TDI but Asian HL as some kind of channel (use it for distance calculations too).

Rules of entry for long (example):
1. Working hours 10:00 - 17:00 (icmarkets server time)
2. Stoch, TDI rules from TMS
3. Candle open lower, candle close higher than Asian High.

If go opposite then add x1 size the same direction at the middle of Asian channel. If go opposite more add x2 to global position and reverse the trade. Or just SL at that place and that's all. Works pretty good, winrate is >50%.

Attached Image (click to enlarge)
Click to Enlarge Name: c8cbb4b1f22b7df5afc3a07d8065ccf1.png Size: 181 KB

For example here we have 1 long and 1 short. Blue areas are Asian HL, then lines (Red and Green) are Asian HL projection.

Attached Image (click to enlarge)
Click to Enlarge Name: 6149a5bc984fd8e4027cf6cfc318de06.png Size: 157 KB

Here is example of averaging in the middle of Asian HL. Entry was taken because candle cross Asian High, but then it go down. Then it was averaged and successfully closed in profit few hours later.

Attached Image (click to enlarge)
Click to Enlarge Name: 0df30d58a8f0fc59dc73320c2fb7d0ba.png Size: 186 KB

Here second trade has both TDI and Asian HL cross together. I call it AAA setup. They are very profitable. First one was also good, but there were no stoch (green triangles in this case). But before second signal there were also stoch. So it was stoch, TDI and Asian channels cross. AAA setup.
Observer effect
  • #121,830
  • Jul 3, 2021 2:13am Jul 3, 2021 2:13am
Quoting ryuryu
{quote} Personally I don't see any difference in trading 1m or 1h. Just different approaches and strategies. For example I'm trading with very cool guys in their trading room every day and in most cases it is 1m timeframe. Another strategy I use is 1H TMS-like but with some improvements. First is that I'm trading from London Open to NY open + 2 hours. Second that I'm using not only stochastic and TDI but Asian HL as some kind of channel (use it for distance calculations too). Rules of entry for long (example): 1. Working hours 10:00 - 17:00 (icmarkets...
Nice to see that you have an edge that gives you consistent results, especially when the win rate is rather low. Few people will stick with a system long enough to collect enough data to arrive at a meaningful conclusion about win rate or consistency.

Personally I don't see any difference in trading 1m or 1h. Or any other time frame.
BigE said the 5-method "works on all time frames." As does IMT.
Quoting eelfranz
Incrediblle... (608)... Works on all time frames.

Just different approaches and strategies.
Some systems don't need alternate strategies. BigE never mentioned a need to use a different strategy for different TFs. Likewise, IMT uses the same set of rules for all TFs: The values for some of the parameters are SCALED according to the TF, but the approach and strategy remain the same.

a
To free Gazans of Hamas, use whatever it takes.
  • #121,831
  • Jul 3, 2021 2:47am Jul 3, 2021 2:47am
Quoting emmanuel7788
{quote} Hey @T4Trade I did not direct you all to use many EAs. I post to reply to questions asked here and in PMs. When using PMs, I cannot attached charts, etc. You have to post and ask specific questions and with charts, this is the way I can help you like I help others. I replied to you post already and I repeat these below. Different EA trade managers work differently and you have to decide which EA trade manager you want to use. Different trading tools like the TMS_V19 and TMS Monitor will help you with some of the 5-Method trade setup alerts....
i ask for the big apology first of all,i asked you that out of frustration because i thought that i have to learn all these EAs to manage my trades but since you explained that it depends on traders personalities what they prefer and it depends on the strategies and situations of market ,so they pick the Ea to manage their trades.
i must commend your studies ,your experience and finally your generosity and dedication towards other traders,thank a lot.
  • #121,832
  • Edited 3:02am Jul 3, 2021 2:51am | Edited 3:02am
Quoting DrDave
BigE said the 5-method "works on all time frames."
I don't know if original TMS works good on lower TFs, it seems to me there will be too many entries. For TMS 1H is perfect. But with Asian HL it works perfect even on 1m TF. I'm trading it with all the 21 pairs (no CHF pairs) and on Gold. Earlier I also traded us500 and de30, but there are a lot of issues with lot size, holidays, session time and so on and for me it is better not to trade them at all. BTW it works perfect on crypto as well, but you need to adjust "Asian" session, because on crypto there are +3 hours shift. The day starts at 3am (icmarkets server time).

p.s. trading gold can be only available if your lot size is 0.03 at least, because it will be 0.01 for gold. If you trade 0.01 lot size it is not possible to trade gold.
Observer effect
  • #121,833
  • Jul 3, 2021 4:00am Jul 3, 2021 4:00am
Quoting emmanuel7788
{quote} Thank you to the New York session. All days work done in the first 3 hours when the bell rings. {image}
Dear Emmanuel,

is it possiple that you post indicator MTF Triple MA and Market Hours?

Kind regards
Haendlerin
Never give up!!
  • #121,834
  • Jul 3, 2021 9:48am Jul 3, 2021 9:48am
MONDAY, JULY 5
None scheduled. Independence Day holiday
In forex factory calendar you will not find this information. FF is not updating them self.
None scheduled. Independence Day holiday
MA provides the market's current direction and strength.
  • #121,835
  • Jul 3, 2021 2:11pm Jul 3, 2021 2:11pm
Quoting hasib
MONDAY, JULY 5 None scheduled. Independence Day holiday In forex factory calendar you will not find this information. FF is not updating them self. None scheduled. Independence Day holiday

Monday July 05 is Bank Holiday in the US but with several PMI data and OPEC meetings,

and it is also a Monday after last Friday' Non-Farm Payroll

so be prepared for narrow range quiet market

and also

Keep an eye on Nikkei225... may lead the Monday session for those trading USDJPY.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,836
  • Jul 3, 2021 2:30pm Jul 3, 2021 2:30pm
Quoting Haendlerin
{quote} Dear Emmanuel, is it possiple that you post indicator MTF Triple MA and Market Hours? Kind regards Haendlerin

Hallo Haendlerin

the TMS_5EMA MTF is to help use see the Price Action around the 5EMA on higher TF .

I think it is useful for M5 and M15 scalpers see the "daylight" between moving averages.

Use it for practice and train our eyes.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS 5EMA MTF 4-7-2021 4-51-02 am.png Size: 86 KB

Attached File(s)
File Type: ex4 TMS _MTF_5EMA.ex4   185 KB | 752 downloads

For the market sessions indicator,

you can try the one by member Lookleft:
https://www.forexfactory.com/thread/...25#post8274225

or download the ones from mql4 website:
Attached File(s)
File Type: mq4 MarketSessions.mq4   3 KB | 594 downloads
Attached File(s)
File Type: mq4 MOCHI (1).mq4   70 KB | 530 downloads

Viel Spaß !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,837
  • Jul 3, 2021 3:16pm Jul 3, 2021 3:16pm
Quoting eelfranz
/... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. /...
"The TDI is the heart of our method. ..."

of course TDI still is the heart of the method.

your heart needs daily care and workout too!

after more than 10 years, it is time to check its heartbeat.

https://www.mql5.com/en/code/downloa...artBeat_02.mq4
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,838
  • Jul 3, 2021 3:23pm Jul 3, 2021 3:23pm
Quoting ryuryu
{quote} I don't know if original TMS works good on lower TFs, it seems to me there will be too many entries. For TMS 1H is perfect. But with Asian HL it works perfect even on 1m TF. I'm trading it with all the 21 pairs (no CHF pairs) and on Gold. Earlier I also traded us500 and de30, but there are a lot of issues with lot size, holidays, session time and so on and for me it is better not to trade them at all. BTW it works perfect on crypto as well, but you need to adjust "Asian" session, because on crypto there are +3 hours shift. The day starts...
" I don't know if original TMS works good on lower TFs, it seems to me there will be too many entries. ..."

well,

the stochastics works in all timeframes
the RSI works in all timeframes
the MACD works in all timeframes
COWABUNGA works in all timeframes
Big E's 5-Method works in all timeframes

but,

TMS as a system does not work in narrow range sideways quiet market conditions.
TMS as a system works better in wide range sideways volatile market conditions.
TMS as a system works best in trending market conditions.

“Expecting the same system to work in all market types is the definition of insanity”... Dr. Van K Tharp
https://www.axi.com/au/blog/educatio...x-market-types
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,839
  • Jul 3, 2021 3:26pm Jul 3, 2021 3:26pm
USDJPY Week 27 Jul 05 to 09

Weekly Big Picture

as of Friday Jul 02 NY Close

- do you see the June Month candle shadow?

- how was your shadow day-trading on June 30?

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jul02 NYClose Weekly Big Picture.png Size: 35 KB



Daily

- interesting levels to buy and sell

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Jul02 NYClose Daily Big Picture 4-7-2021 4-42-45 am.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,840
  • Jul 3, 2021 3:38pm Jul 3, 2021 3:38pm
Quoting emmanuel7788
USDJPY Week 27 Jul 05 to 09 Weekly Big Picture as of Friday Jul 02 NY Close - do you see the June Month candle shadow? - how was your shadow day-trading on June 30? {image} Daily - interesting levels to buy and sell {image}
UJ June month-end and NFP Jul 02

- price impact when hitting a wall

- what-if Jul 01 and Jul02 form the July upper shadow?

- I'll find out in my next 20-trading days cycle for UJ.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H1 POMO NFP Jul02 4-7-2021 6-36-21 am.png Size: 53 KB


Attached Image (click to enlarge)
Click to Enlarge Name: candle shadow.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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