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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

  • #128,441
  • Nov 22, 2021 5:45pm Nov 22, 2021 5:45pm
Quoting emmanuel7788
TMS Monitor Nov22 Daily - no Daily signals today {image} so we wait for the first H4,

TMS Monitor Nov23 Daily at Tokyo 08:35am

- yesterday Daily continuation was easy for several pairs

- today would be the same

> Follow Daily candle price action and make sure you know the Weekly market type conditions

>> use the 5EMA Typical Price, Shift+2 for direction of the HA PA candles (Post#261)

>>> 3 things: Fundaments + Technical + Sentiments is the only 'right direction'.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Nov23 Daily TOK 0836am 23-11-2021 7-36-06 am.png Size: 36 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,442
  • Nov 22, 2021 5:57pm Nov 22, 2021 5:57pm
PM Q&A

- over the last week I read one discussion group on how some traders use the Heiken Ashi candles in their trading.
- I did mention about half-candle in my post here, and I use that to find entries levels and also to build my positions when I trade TMS MEME.

go to this link and study the information provided.

https://forex-station.com/viewtopic....ashi+histogram

Examples:
- the HA candle used in your trailing stop in trending market condition
- the HA candle can also be use to place pending limit orders to add-on positions
- use the HA candle to see the swing high and swing low (fractals)
- trade the break!

Attached Image (click to enlarge)
Click to Enlarge Name: HeikenAshi trailing stop.png Size: 111 KB


>>> #701 Learn to read your HA candles and determine MOMENTUM which the oscillators like the Stochastics, RSI, etc. are telling you about the recent candles.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,443
  • Nov 22, 2021 6:10pm Nov 22, 2021 6:10pm
Quoting emmanuel7788
{quote} TMS Monitor Nov23 Daily at Tokyo 08:35am - yesterday Daily continuation was easy for several pairs - today would be the same > Follow Daily candle price action and make sure you know the Weekly market type conditions >> use the 5EMA Typical Price, Shift+2 for direction of the HA PA candles (Post#261) >>> 3 things: Fundaments + Technical + Sentiments is the only 'right direction'. {image} ...
Please how can I get this TMS Monitor?
  • #128,444
  • Edited 6:27pm Nov 22, 2021 6:13pm | Edited 6:27pm
Quoting Zakarh
Hello, Entering Long here on 5 min chart at 16,109 on DAX40. https://charts.mql5.com/30/724/dax40...ts-group-3.png I've seen some good consolidation during the day. TDI Green crossing Red. The 5 Ema start to bounce up.

When trading the market indices, unlike the spot forex currency pairs, there are few more things your need to observe about each of the market indices.

> European markets opening, lunch hour and closing
> US session - market open New York and Chicago, every half-hour at the openings.

I look at the 30-minute charts and follow the hourly....

Chicago 9:30am is the prime half-hour and it changes everything ... your recent bias!
I avoid any setup between New York 8:00pm and 9:30pm ... the 3 M30 candles ... to be safe.
Observe the first M30 spike at NY9:30AM and let that settle down.
In the next two M30 candle period, you can make a lot of money.

Attached Image (click to enlarge)
Click to Enlarge Name: DAX40 Nov22 m30 23-11-2021 8-05-41 am.png Size: 34 KB



Attached Image (click to enlarge)
Click to Enlarge Name: DAX40 N0v22 NY0930am 23-11-2021 8-22-54 am.png Size: 42 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,445
  • Nov 22, 2021 6:41pm Nov 22, 2021 6:41pm
Quoting Zakarh
Hello, Entering Long here on 5 min chart at 16,109 on DAX40. https://charts.mql5.com/30/724/dax40...ts-group-3.png I've seen some good consolidation during the day. TDI Green crossing Red. The 5 Ema start to bounce up.

when you are trading on 5-minute chart, you have the options to follow the m30 or the m60 ,

the Daily is still the primary 'trend' chart timeframe

and the Weekly is the dominant timeframe which defines the market type condition we trade in.

DAX has 2021 peak!

we are in a correction market and with the covid-19 winter season flare up ... does not look good and its time to hunt the bears!

Attached Image (click to enlarge)
Click to Enlarge Name: DAX MN 2021 peak 23-11-2021 8-37-04 am.png Size: 25 KB

today is Daily bear market with Weekly WCC low support to be tested.

Attached Image (click to enlarge)
Click to Enlarge Name: DAX30 Nov23 daily review 23-11-2021 8-39-39 am.png Size: 24 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,446
  • Nov 22, 2021 6:46pm Nov 22, 2021 6:46pm
Quoting renna
{quote} Please how can I get this TMS Monitor?

TMS Monitor v1.1 Nov 2021

follow this link Post#193 for the TMS Monitor tool by member

setup your charts with those simple tools the way you want to see them and use them and save them as your own templates.

most important is you know Big E' 5-Method and how to trade with his 5-Method.

it is also important that you use the TDI version in Post#25 and the Synergy APB as the HA candles.
Most people get these wrong and their trading result suffers.

make sure you read that thread for more information how to set up the expert advisor(TMS Monitor).
if you have questions, post and ask in those threads and I'll try find time and help there.

also read the member arbinka posts (2011) in this thread and learn how he used his tool. *** important to pick the setups which the RSI green line slope is >4.0 and avoid the extreme like between 12-15 and above 15.... big candles!


Be warned:
The TMS Monitor is an expert advisor and can be very CPU intensive if you select too many pairs in the input parameter.
For optimum performance, limit the setup to 20 pairs maximum.
You should consider to select only the pairs you trade and input their symbol in the parameter.

Have fun and enjoy using all the TMS trading tools.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,447
  • Nov 22, 2021 10:00pm Nov 22, 2021 10:00pm
Quoting emmanuel7788
{quote} When trading the market indices, unlike the spot forex currency pairs, there are few more things your need to observe about each of the market indices. > European markets opening, lunch hour and closing > US session - market open New York and Chicago, every half-hour at the openings. I look at the 30-minute charts and follow the hourly.... Chicago 9:30am is the prime half-hour and it changes everything ... your recent bias! I avoid any setup between New York 8:00pm and 9:30pm ... the 3 M30 candles ... to be safe. Observe the first M30 spike...
Hey Emmanuel7788,
As usual thank you very much for your explanations which help me enormously.
also, thank you for the tips on the Chicago - New York session. I didn't think it was the same time zone anymore
  • #128,448
  • Nov 22, 2021 10:05pm Nov 22, 2021 10:05pm
Quoting emmanuel7788
{quote} when you are trading on 5-minute chart, you have the options to follow the m30 or the m60 , the Daily is still the primary 'trend' chart timeframe and the Weekly is the dominant timeframe which defines the market type condition we trade in. DAX has 2021 peak! we are in a correction market and with the covid-19 winter season flare up ... does not look good and its time to hunt the bears! {image} today is Daily bear market with Weekly WCC low support to be tested. {image} ...
Hey again,
You right as always.
I admit i've been jumping in that trade without seeing the big pictures. (didn't had sleeped cause i worked 7 straight night)
i've closed my trade at 16,145 which made me some pips before it went back to bear markets

thanks again to you. I wish you a very good day.
  • #128,449
  • Nov 22, 2021 11:54pm Nov 22, 2021 11:54pm
GBPAUD Nov 23 H4 Tokyo 1453PM

*Follow the good old 'Yellow Brick Road'

- in 8 mins we will make a decision with Price Action Channel PAC

- I see a 5bars swing low

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Nov23 H4 PAC 23-11-2021 1-51-18 pm.png Size: 44 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,450
  • Nov 23, 2021 12:03am Nov 23, 2021 12:03am
TMS Monitor Nov23 H4 GMT0600 Frankfurt 7am

- do you trade this 4hour?

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Nov23 H4 GMT0600 23-11-2021 2-02-10 pm.png Size: 40 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,451
  • Nov 23, 2021 12:05am Nov 23, 2021 12:05am
Quoting emmanuel7788
GBPAUD Nov 23 H4 Tokyo 1453PM *Follow the good old 'Yellow Brick Road' - in 8 mins we will make a decision with Price Action Channel PAC - I see a 5bars swing low {image} ...

GBPAUD Nov23 H4 Toky1500PM

- good to GO! ... follow Price Action .

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Nov23 H4 TOK 1500PM buy 23-11-2021 2-00-41 pm.png Size: 81 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,452
  • Nov 23, 2021 12:38am Nov 23, 2021 12:38am
Quoting emmanuel7788
{quote} @Tekkies The best part is you still use Watchdog (TDI) to get them C-Slope and P-Slope. That is not the best part. The best parts I shall keep to myself for a bit longer. I keep the best for the last. I share the better parts first to help newbies learn to trade TMS 5-Method with better tools developed over the years. This help preserve and continue the legacy of the Big E. To be able to do this requires hard work and lots of market knowlegde and trading experience. One of the better part is to show people that the TDI 12-2 and 4-6 clock...

Greetings Emmanuel,


Would like to know more about TMS TDI WATCHDOG, I use TDI , how to use HA/ TMSWATCHDOG, if any link available kindly share the same.

Thanks in advance,


Happy trading....

Shah.
  • #128,453
  • Nov 23, 2021 12:42am Nov 23, 2021 12:42am
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...
Big E on his scalping the 4hr:
"Even if I scalp the market I use 4hr charts with success.... 4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits... "

Today's US30 Nov23 trades closed.

- Follow the H4 big MOMENTUM candle and scalp in the lower timeframe ... H1 and M30, M5 entries

Attached Image (click to enlarge)
Click to Enlarge Name: US30 Nov23 H4 trades closed 23-11-2021 2-36-29 pm.png Size: 23 KB
Attached Image (click to enlarge)
Click to Enlarge Name: US30 Nov23 4 trades closed Tokyo session 23-11-2021 2-34-20 pm.png Size: 13 KB

4 trades closed and met my Daily objective Post#557 and Post#7555


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,454
  • Nov 23, 2021 12:57am Nov 23, 2021 12:57am
Quoting pareshshah
{quote} Greetings Emmanuel, Would like to know more about TMS TDI WATCHDOG, I use TDI , how to use HA/ TMSWATCHDOG, if any link available kindly share the same. Thanks in advance, Happy trading.... Shah.

Hello Shah

the @TMSTDI_WatchDog was developed by member plamendp and has good features to help TMS trade make better trade decisions.

- the @TMSTDI_WatchDog has the user selectable option to show as the TDI#25 update when bar closed or updates in the real-time mode.
- it shows the last bar information much better
- the slope of the RSI green price line is calculated and display as a value and we do not have to guess the 12-2 and 4-6 clock face angle,
- the bounce is also display as value
-

read plamendp posts in this thread and also in this other thread
https://www.forexfactory.com/thread/...-simple-system

If you have any question, please post a chart and I can explain better with charts.


Example below

EURAUD

- we have a 5 bars swing low and consolidation breakout and we see the bounce 7.7 and a RSI green price line hook from 2.1 to 5.6,

- the technical setup conditions are all good but there are other risks

- one risk is the Week 44 Weekly is sideways ranging with the WCC high-low and the Daily is ranging ...

- if you check the HA PA with the PAC, it has not move out of the PAC yet


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Nov23 H4 bounce example 23-11-2021 2-52-19 pm.png Size: 84 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,455
  • Nov 23, 2021 1:50am Nov 23, 2021 1:50am
Quoting emmanuel7788
{quote} Big E on his scalping the 4hr: "Even if I scalp the market I use 4hr charts with success.... 4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits... " Today's US30 Nov23 trades closed. - Follow the H4 big MOMENTUM candle and scalp in the lower timeframe ... H1 and M30, M5 entries {image}{image} 4 trades closed and met my Daily objective Post#557 and Post#7555...
US30 Nov23 Frankfurt Open scalp

- m5m15 MOMENTUM candle close

+USD286


Attached Image (click to enlarge)
Click to Enlarge Name: US30 Nov23 M15 M5 entry Frankfurt Open 23-11-2021 3-46-08 pm.png Size: 26 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,456
  • Nov 23, 2021 2:24am Nov 23, 2021 2:24am
Quoting emmanuel7788
{quote} Hello Shah the @TMSTDI_WatchDog was developed by member plamendp and has good features to help TMS trade make better trade decisions. - the @TMSTDI_WatchDog has the user selectable option to show as the TDI#25 update when bar closed or updates in the real-time mode. - it shows the last bar information much better - the slope of the RSI green price line is calculated and display as a value and we do not have to guess the 12-2 and 4-6 clock face angle, - the bounce is also display as value...

Thanks a lot Emmanuel for quick response as always.


just want to clear my doubt.

for bearish view

what count of bounce needed
what should be ideal HA set up needed
what current slope needed. 4-6 clock is ideal as you have mentioned in your earlier posts.


await for your reply.


thanks once again.


Happy trading

Regards always.....


Paresh shah


for bullish view

what count of bounce needed
what should be ideal HA set up or reading must
and finally slope As 12-2 is ideal as you mentioned in earlier posts.
  • #128,457
  • Nov 23, 2021 5:32am Nov 23, 2021 5:32am
Quoting pareshshah
{quote} Thanks a lot Emmanuel for quick response as always. just want to clear my doubt. for bearish view what count of bounce needed what should be ideal HA set up needed what current slope needed. 4-6 clock is ideal as you have mentioned in your earlier posts. await for your reply. thanks once again. Happy trading Regards always..... Paresh shah for bullish view what count of bounce needed what should be ideal HA set up or reading must and finally slope As 12-2 is ideal as you mentioned in earlier posts.

here is today positive bounce example:

bounce 9.6
green line slope tweek from 2.8 to 12.4

what do you see in the HA PA and 5EMA?


Attached Image (click to enlarge)
Click to Enlarge Name: EG Nov23 H4 bounce 9.6 23-11-2021 6-23-29 pm.png Size: 77 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,458
  • Nov 23, 2021 6:58am Nov 23, 2021 6:58am
Quoting emmanuel7788
{quote} here is today positive bounce example: bounce 9.6 green line slope tweek from 2.8 to 12.4 what do you see in the HA PA and 5EMA? {image} ...

Many thanks again Emmanuel for giving live example.


Higher the bounce followed by HA PA N 5 ema will give more positive outlook. Good thanks again. Its like when ball bounce higher with higher value and followed with HA PA n 5EMA gives stronger directional move.


You have put so simple any layman like me can understand.

God bless you for Valued Teacher/Trader/Trainer.

regards always.

Paresh Shah.
  • #128,459
  • Nov 23, 2021 6:31pm Nov 23, 2021 6:31pm
Quoting pareshshah
{quote} Many thanks again Emmanuel for giving live example. Higher the bounce followed by HA PA N 5 ema will give more positive outlook. Good thanks again. Its like when ball bounce higher with higher value and followed with HA PA n 5EMA gives stronger directional move. You have put so simple any layman like me can understand. God bless you for Valued Teacher/Trader/Trainer. regards always. Paresh Shah.
Attached Image (click to enlarge)
Click to Enlarge Name: EG Nov23 H4 bounce 9.6 23-11-2021 6-23-29 pm.png Size: 77 KB


Good time to review what happened to that H4 bounce and learn a few things.

- Weekly market conditions

- Daily market conditions

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Nov23 review 24-11-2021 8-26-09 am.png Size: 100 KB


..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,460
  • Nov 23, 2021 6:35pm Nov 23, 2021 6:35pm
Quoting emmanuel7788
{quote} Big E on his scalping the 4hr: "Even if I scalp the market I use 4hr charts with success.... 4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits... " Today's US30 Nov23 trades closed. - Follow the H4 big MOMENTUM candle and scalp in the lower timeframe ... H1 and M30, M5 entries {image}{image} 4 trades closed and met my Daily objective Post#557 and Post#7555...

US30 Nov23 trades closed

- a good day trading following the 4hr price action, scalp when the H4 is below the 5EMA

- you need to know a few trade setups and execute the trade when you see the setups.

- hitting #7555 can be easy and achievable when we are DISCILPLINED and follow a proven Trade Plan.


Attached Image (click to enlarge)
Click to Enlarge Name: US30 Nov23 H4 chart sell only 24-11-2021 8-16-29 am.png Size: 27 KB

Attached Image (click to enlarge)
Click to Enlarge Name: US30 Nov23 trades closed 24-11-2021 8-15-00 am.png Size: 24 KB



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