Trading Made Simple | Page 6400 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #127,981
  • Nov 9, 2021 2:10am Nov 9, 2021 2:10am
Quoting TampaDave
{quote} LOL Like I said, I have no interest in getting in the middle. I look at market structure as support and resistance both horizontally and diagonally. I also look for candle patterns…head and shoulders, W, teacup etc. The candlestick patterns have burned me more than a couple of times though so, they take a back seat to S/R. Money management has a lot to do with how a person reacts to the psychology of trading, some can hold the line longer than others. Of course that can change as a person learns and gets better. The problem with being too...
- S/R zones are good. Combining them with double top/bottom candle pattern they tend to work well together.
- Using Zar 0.10 for every Zar 34.00. To trade 9 pairs would require 9*34= 306. Looking at Margin level above 500% before placing a new trade on any pair.
Currently not possible with TE below the South Pole.
- Don't like to trade with stoploss for this has happened to many times. With the current load shedding in SA stop loss is required.
Attached Image

(How did price know SL was there?)
----
TMS is a great method, why Vincent is doing what he is doing by posting against the use of TDI does not make senses.
After all this thread is based on how BigE used TDI to trade with.

Thanks for your reply.
  • #127,982
  • Nov 9, 2021 2:42am Nov 9, 2021 2:42am
Quoting Tekkies
{quote} - S/R zones are good. Combining them with double top/bottom candle pattern they tend to work well together. - Using Zar 0.10 for every Zar 34.00. To trade 9 pairs would require 9*34= 306. Looking at Margin level above 500% before placing a new trade on any pair. Currently not possible with TE below the South Pole. - Don't like to trade with stoploss for this has happened to many times. With the current load shedding in SA stop loss is required. {image} (How did price know SL was there?) ---- TMS is a great method,...
Apologies for my ignorance but what is the dotted blue line?…ZAR? I am not seeing the correlation between .01/$25 and .10/$34
  • #127,983
  • Nov 9, 2021 3:29am Nov 9, 2021 3:29am
Quoting emmanuel7788
{quote} LOL !! @DrDick obviously your have very serious problem with your reading and comprehension of what Big E posts. Evidence of your fake 'Dr' and failed post-graduate studies. #281 Big E: " Just make the necessary transition to trading 4hr charts during the London session... or Daily charts." #11 Big E: "Even if I scalp the market I use 4hr charts with success...." >>> m1m3m5 are setups for entries...
greetings emmanuel,

im very curious about this APB/HA button in your chart. if you dont mind, i'd like to ask if you could share to me that file mqh.
and the big candle green, or big candles, was it from the H1 TF? thanks. and please, just if you just want to share so i can modify a bit with my TMST EA Manager.
  • #127,984
  • Nov 9, 2021 3:48am Nov 9, 2021 3:48am
Quoting TampaDave
{quote} Apologies for my ignorance but what is the dotted blue line?…ZAR? I am not seeing the correlation between .01/$25 and .10/$34
dotted blue line
- Drag from Account history any order onto main chart which will plot the arrows for buy or sell/close and the trendline will be blue or red.
- Blue H-line is a buy order (Post 1,3080
correlation
What is your account? > standard / mini / macro.
What is your account leverage? 25:1 <> 500:1

The ratio between 01/$25 and .10/ZAR34 will be the same depending account type/leverage.
  • #127,985
  • Nov 9, 2021 11:13am Nov 9, 2021 11:13am
Quoting emmanuel7788
{quote} Hi Zakarh I love Zermatt and will not forget my first trip in 1982 there. Stayed at a village Taesch which is located very close to Zermatt. That was my first ski lesson taught by a villager there. Many trips since then. Switzerland is still my favourite country and next would be Bavaria, its part of Germany. Trade Well .
You´ll love the tax on forex trading in Germany!!
  • #127,986
  • Edited 7:49pm Nov 9, 2021 2:04pm | Edited 7:49pm
Quoting Tekkies
{quote} dotted blue line - Drag from Account history any order onto main chart which will plot the arrows for buy or sell/close and the trendline will be blue or red. - Blue H-line is a buy order (Post 1,3080 correlation What is your account? > standard / mini / macro. What is your account leverage? 25:1 <> 500:1 The ratio between 01/$25 and .10/ZAR34 will be the same depending account type/leverage.
LOL
I didn’t realize you were not in the US. I had never noticed (heard of) ZAR listed in the pairs…really didn’t know what you were talking about

Standard account
500
I have never had more than a couple of trades going at once…until recent TMS demo and still only 3

—meant to say SL near previous hi/low
  • #127,987
  • Nov 10, 2021 1:10am Nov 10, 2021 1:10am
Quoting emmanuel7788
{quote} US Markets Nov 08 closed - is this the first sign of correction week? {image} > "ride the bulls and hunt the bears"

US Markets Nov10 - Frankfurt 8am London 7am New York 2am

- price is pulling back now

- the correction may be short-lived but we shall be patient, wait and see what London will bring

- keep your ears on the ground for market events

Attached Image (click to enlarge)
Click to Enlarge Name: US Markets Nov10 correction FO 10-11-2021 3-04-23 pm.png Size: 41 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,988
  • Nov 10, 2021 1:12am Nov 10, 2021 1:12am
Quoting Forex37
{quote} You´ll love the tax on forex trading in Germany!!

- paying tax on forex capital gains is a happy problem!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,989
  • Nov 10, 2021 1:21am Nov 10, 2021 1:21am
Quoting emmanuel7788
{quote} US Markets Nov10 - Frankfurt 8am London 7am New York 2am - price is pulling back now - the correction may be short-lived but we shall be patient, wait and see what London will bring - keep your ears on the ground for market events {image} ...

US30 Nov10 Frankfurt Open

- m1m3m5 setup entry as usual

Attached Image (click to enlarge)
Click to Enlarge Name: US30 Nov10 FO m1m3m5 setup 10-11-2021 3-19-10 pm.png Size: 21 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,990
  • Nov 10, 2021 3:45am Nov 10, 2021 3:45am
BREAK EVEN IS WORKING.. but the TP took it. -->>> #49 post
  • #127,991
  • Nov 10, 2021 7:06am Nov 10, 2021 7:06am
Quoting TampaDave
{image} Just about doubled the demo account in the first week. I had 1 losing trade that was entered on the anticipation of a cross...lesson learned
Which timeframe do you trade on? You mentioned the h4 but the GU and GJ trades don't look like they can have been taken on that timeframe?
  • #127,992
  • Nov 10, 2021 8:24am Nov 10, 2021 8:24am
Quoting lynnc
{quote}Which timeframe do you trade on? You mentioned the h4 but the GU and GJ trades don't look like they can have been taken on that timeframe?
I think it was H4. I do try some demos where the H4 was close to crossing and then used H1 as a “confirmation” on my way out the door to work. I’ll look back this afternoon when I get home
  • #127,993
  • Nov 10, 2021 8:42am Nov 10, 2021 8:42am
Quoting TampaDave
{quote} I think it was H4. I do try some demos where the H4 was close to crossing and then used H1 as a “confirmation” on my way out the door to work. I’ll look back this afternoon when I get home
aahh thank you that makes sense
  • #127,994
  • Nov 10, 2021 4:10pm Nov 10, 2021 4:10pm
Hi Lynn

They appear to be pretty standard TMS trades. The GJ concerned me a little because I entered a little later on the cross than I wanted. But it was only the 2nd blue candle and it made a move over the 5ma.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 59 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 63 KB
  • #127,995
  • Nov 10, 2021 4:28pm Nov 10, 2021 4:28pm
...however

The better play would have been to wait and see (or also) what GJ did near the trend line and catch that nice down move. Same with GU but see what happened at the 150ma. Didn't want to wait though as I really wanted to place a couple of trades and let them ride without monitoring them
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH42.png Size: 108 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH42.png Size: 137 KB
  • #127,996
  • Nov 10, 2021 5:10pm Nov 10, 2021 5:10pm
Pretty amazing how on the GU, basically 1 little wick can get you $300. Good hard working people bust their hump everyday (myself included) without making that much money...and then the GJ on top of that. The power of the forex market is really quite astounding. I am so grateful to have found TMS. Thank you again to everyone that has contributed to this system. Maybe someday I'll get to thank BigE "in person". In the meantime I am going to do whatever I can to make this work, share it with others and leave a legacy for my family.
  • #127,997
  • Nov 10, 2021 5:30pm Nov 10, 2021 5:30pm
Quoting TampaDave
Pretty amazing how on the GU, basically 1 little wick can get you $300. Good hard working people bust their hump everyday (myself included) without making that much money...and then the GJ on top of that. The power of the forex market is really quite astounding. I am so grateful to have found TMS. Thank you again to everyone that has contributed to this system. Maybe someday I'll get to thank BigE "in person". In the meantime I am going to do whatever I can to make this work, share it with others and leave a legacy for my family.
pieces of Big E' trading made simple puzzle:


as the big man has said: " the odds increases the higher timeframe you go..." #3766

and that's the one reason why he started this thread and moved the 5-Method discussions here:

"One of the purposes of this thread is to teach traders to trade the higher timeframes... there is nothing to be afraid of. Many of you have finally converted and wonder why you didn't do it earlier... less problems on the 4hr and a lot more pips profit... just make a proper entry..." #4353


and #142 you can read and study that on your own .... blending 21/233 + 5Method higher probability!

those who do not read the old thread where it all started will continue to struggle for the next 5 years.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,998
  • Nov 10, 2021 5:35pm Nov 10, 2021 5:35pm
Quoting emmanuel7788
{quote} US Markets Nov10 - Frankfurt 8am London 7am New York 2am - price is pulling back now - the correction may be short-lived but we shall be patient, wait and see what London will bring - keep your ears on the ground for market events {image} ...

US Markets as of New York Nov10 Closed... Week 45

- it is only mid-week and the recent two days has spoken

- the Weekly has 'confirmed' the end of the recent up swing.... Week 44 is in full control now

- the Market Type has changed! New game plan for today and tomorrow , just take one hour candle at a time

- then next week will be another week with another game plan

Attached Image (click to enlarge)
Click to Enlarge Name: US Markets Nov 10 Close Weekly 11-11-2021 6-39-16 am.png Size: 41 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #127,999
  • Nov 10, 2021 6:47pm Nov 10, 2021 6:47pm
Quoting emmanuel7788
{quote} pieces of Big E' trading made simple puzzle: as the big man has said: " the odds increases the higher timeframe you go..." #3766 and that's the one reason why he started this thread and moved the 5-Method discussions here: "One of the purposes of this thread is to teach traders to trade the higher timeframes... there is nothing to be afraid of. Many of you have finally converted and wonder why you didn't do it earlier... less problems on the 4hr and a lot more pips...
Vincent, your hypocrisy is astounding.
-"you do not need any TDI for m1m3m5 entries"
  • #128,000
  • Nov 10, 2021 7:12pm Nov 10, 2021 7:12pm
Quoting Tekkies
{quote} Vincent, your hypocrisy is astounding. -"you do not need any TDI for m1m3m5 entries"

@Tekkies

after more than 5 long years your trading skills is still far below that of a newbie

m1m3m5 is the price action and you have to learn the candles price action and what the PA is telling you about its MOMENTUM.
You don't need the TDI#25 which is lagging the real-time version.
The TDI#25 is lagging the RSI(13)/MA(2) and MA(7) by one bar/candle.

see below example:
on your 1-minute chart, when you see a m1m3m5, you can be sure the lagging TDI has given the signal on all three timeframes - M1, M2, M3 and M5 when M5 closed.
Note: when trading Indices like the US30, there are lot price gaps in your 1-minute prices and the TDI based Close price is useless. Price is leading indicator here!


Attached Image (click to enlarge)
Click to Enlarge Name: US30 Nov02 London session m1m3m5 trade 2-11-2021 5-22-05 pm.png Size: 26 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
179 traders viewing now, 1 is registered:
bakora