Trading Made Simple | Page 6522 | 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

  • #130,421
  • Apr 10, 2022 7:39am Apr 10, 2022 7:39am
Quoting sharemaster2
{quote} These charts you have lined up, do you mind explaining how this informs your decision on what the markets are doing in your own words and how you make decisions based on this please. What pairs will you trade based on what is displayed, the reason is you have adapted the original system and only the person using it can explain how they use it to any one. It also lends to the point that you now have about 10 different charts you watch to make decisions if am correct. Thanks

more example using Day OHLC in lower timeframe M15
Attached Image (click to enlarge)
Click to Enlarge Name: US500 S&P500 PA Apr08 10-4-2022 8-36-56 pm.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,422
  • Apr 10, 2022 11:04am Apr 10, 2022 11:04am
Quoting tommydoginti
{quote} Eyes on Friday liquidity grab for big player profit taking. closing the trade for the weekend. Enjoy everyone Price rejection from previous LL. #647 {image}{image}
Hi I have searched for the indicator you use in tradingview without success can you write the full name to put in the search field ..?
Can help me?
  • #130,423
  • Apr 10, 2022 8:11pm Apr 10, 2022 8:11pm
Quoting tommydoginti
{quote} Eyes on Friday liquidity grab for big player profit taking. closing the trade for the weekend. Enjoy everyone Price rejection from previous LL. #647 {image}{image}

GBPUSD Apr11 Tokyo 10:00am

> during the weekend after NY Closed on Friday Apr08, we do the usual WTDA and review past weeks price action

> we have a Weekly Control Candle week 10 March 04, the Market Type is sideways since the opening of week 12 Mar20

> therefore we adapt our trading system to trade this sideways Market Type.

> BRN 1.3000 is a psych price level not any key level

> price behaviour at BRN and RN is what Big E taught use to take note of


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr11 review WCC March06 11-4-2022 8-57-17 am.png Size: 61 KB


> this week' trade plan is to follow through the break of the WCC low

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,424
  • Apr 10, 2022 8:22pm Apr 10, 2022 8:22pm
Risk Reward tool example:


Attached Image (click to enlarge)
Click to Enlarge Name: Risk Reward tool 11-4-2022 9-20-36 am.png Size: 38 KB


this MT4 tool is from TradingView

https://www.tradingview.com/blog/en/...ing-tool-4239/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,425
  • Apr 10, 2022 9:01pm Apr 10, 2022 9:01pm
Quoting leleitaly
{quote} Hi I have searched for the indicator you use in tradingview without success can you write the full name to put in the search field ..? Can help me?
Hi Leleitaly,

The “Trading Made Simple TDI” you saw on my screen was my own custom indicator, but only because I add features to make alert more simple to execute which I will explain shortly.

To build the TMS chart on TradingView, I have posted previously the tools which are open access in the TV indicator library.

I followed BigE’s recommendation on using #647 price action followed by the TDI as heart of the method.

So I only need to use TDI and HA candles

Attached Image (click to enlarge)
Click to Enlarge Name: FC3EB053-0DB8-4F4B-96EC-FDEB8120994F.jpeg Size: 923 KB
  • #130,426
  • Apr 10, 2022 9:09pm Apr 10, 2022 9:09pm
Quoting tommydoginti
{quote} Hi Leleitaly, The “Trading Made Simple TDI” you saw on my screen was my own custom indicator, but only because I add features to make alert more simple to execute which I will explain shortly. To build the TMS chart on TradingView, I have posted previously the tools which are open access in the TV indicator library. I followed BigE’s recommendation on using #647 price action followed by the TDI as heart of the method. So I only need to use TDI and HA candles {image}
You can setup and modify the chart on TV using mobile app.

so you can do it anywhere anytime. Even more handy and efficient when come to setting up alerts on the fly ONLY ALIGN WITH YOU ANALYSIS.

Attached Image (click to enlarge)
Click to Enlarge Name: CE1197BE-DE29-4816-AFB1-06B4B27B5C8B.jpeg Size: 284 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 45C8A6E6-E67D-431B-A916-A3E4E5C965AE.jpeg Size: 108 KB
Attached Image (click to enlarge)
Click to Enlarge Name: BB94D179-219A-48C3-AF42-1EB2C8EE2541.jpeg Size: 858 KB
  • #130,427
  • Apr 10, 2022 9:11pm Apr 10, 2022 9:11pm
Quoting emmanuel7788
Risk Reward tool example: {image} this MT4 tool is from TradingView https://www.tradingview.com/blog/en/...ing-tool-4239/

Risk Reward tool sell example:

Attached Image (click to enlarge)
Click to Enlarge Name: Risk Reward sell example 11-4-2022 10-09-44 am.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,428
  • Apr 10, 2022 11:17pm Apr 10, 2022 11:17pm
Quoting emmanuel7788
{quote} GBPUSD Apr11 Tokyo 10:00am > during the weekend after NY Closed on Friday Apr08, we do the usual WTDA and review past weeks price action > we have a Weekly Control Candle week 10 March 04, the Market Type is sideways since the opening of week 12 Mar20 > therefore we adapt our trading system to trade this sideways Market Type. > BRN 1.3000 is a psych price level not any key level > price behaviour at BRN and RN is what Big E taught use to take note of {image} > this week' trade plan is to follow through the break of the WCC low ...
Your analysis is too complicated.

Simply follow BigE's #647

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 74 KB

Simply, a downswing approaching previous Low, and rejected, finally TDI green cross red UP.

Trading Made Simple is this simple.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 103 KB
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 43 KB
  • #130,429
  • Apr 10, 2022 11:47pm Apr 10, 2022 11:47pm
Quoting leleitaly
{quote} Hi I have searched for the indicator you use in tradingview without success can you write the full name to put in the search field ..? Can help me?
When you use TradingView, the advantage is you can set up alerts on the fly. It can be done on a phone with TradingView App.

BigE's Trading Made Simple uses Price Action, such as those in #647 to determine Bias before entering trades according to TDI green cross red.

Therefore alerts that signals EVERY TDI green cross/bounce red is a waste of your time.

Go through BigE's posts and charts and understand the rationale and properties of TMS trades as below,

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 383 KB

So if you determined a Buy Bias, you can then set up appropriate alerts. Here is what I usually do

1. (optional) A price level I anticipate a TMS setup. --> Tick alert
2. (When 1 fires off) TDI, Green Cross UP Red --> Bar close alert / (rarely) Tick alert
Attached Image

This way, I can be outside, or do something else, and only come back to the chart when the alerts go off.
  • #130,430
  • Apr 11, 2022 2:56am Apr 11, 2022 2:56am
Quoting tommydoginti
{quote} When you use TradingView, the advantage is you can set up alerts on the fly. It can be done on a phone with TradingView App. BigE's Trading Made Simple uses Price Action, such as those in #647 to determine Bias before entering trades according to TDI green cross red. Therefore alerts that signals EVERY TDI green cross/bounce red is a waste of your time. Go through BigE's posts and charts and understand the rationale and properties of TMS trades as below, {image} So if you determined a Buy Bias, you can then set up appropriate alerts. Here...
You are very kind and very clear, but I would like to know how to set up my APP .... on mobile or rather how I find the indicator, the spark plugs are easy to set, but the TMS TDI ... I can't find it
  • #130,431
  • Apr 11, 2022 3:36am Apr 11, 2022 3:36am
US Markets Apr 11 London 9:30AM

- today European session open was fast and furious

- hope many of you got your $500 profits.



Attached Image (click to enlarge)
Click to Enlarge Name: US Markets Apr11 London 930AM 11-4-2022 4-32-54 pm.png Size: 49 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,432
  • Apr 11, 2022 4:06am Apr 11, 2022 4:06am
Quoting emmanuel7788
{quote} Risk Reward tool sell example: {image}

Risk Reward tool MT4

- another simple price action at BRN 1.3000

- a swing low reversal with ATR Trigger

- as a trader you need to be disciplined and be very patient and wait for the setup and trigger

- mental strategy can be complicated for such a simple method

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr11 M15 Risk Reward example 11-4-2022 5-02-18 pm.png Size: 41 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,433
  • Apr 11, 2022 6:18am Apr 11, 2022 6:18am
Quoting emmanuel7788
{quote} Risk Reward tool MT4 - another simple price action at BRN 1.3000 - a swing low reversal with ATR Trigger - as a trader you need to be disciplined and be very patient and wait for the setup and trigger - mental strategy can be complicated for such a simple method {image} ...


using MT4 R:R tool

2R trade

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr11 M15 2R trade 11-4-2022 6-16-34 pm.png Size: 44 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,434
  • Apr 11, 2022 6:20am Apr 11, 2022 6:20am
Quoting emmanuel7788
{quote} using MT4 R:R tool 2R trade {image} ...
Risk Reward MT4 tool

and now sell trigger

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr11 M15 sell trigger 11-4-2022 7-16-49 pm.png Size: 42 KB


..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,435
  • Apr 11, 2022 6:37am Apr 11, 2022 6:37am
Quoting leleitaly
{quote} You are very kind and very clear, but I would like to know how to set up my APP .... on mobile or rather how I find the indicator, the spark plugs are easy to set, but the TMS TDI ... I can't find it

You can’t find the “TMS TDI” indicator because I coded it and is not public access.

The reason is because I coded the alert mechanism to do both 1) price lvl and 2) TDI cross for me so I can skip resetting the alert, saving me more time

But I can show you how to use the Publicly shared TDI by TuanLouis.

You can go to indicator library to search for the HA candle and the TDI by TuanLouis simply search by the full names of the indicators as per my previous post.

You can then add the two indicators on the chart.

(I have 2 phones so.. just finished cleaning the new holiday house)
Attached Image (click to enlarge)
Click to Enlarge Name: 7779A753-FEE3-4252-8E3F-FECDB636F872.jpeg Size: 1.2 MB
  • #130,436
  • Apr 11, 2022 6:47am Apr 11, 2022 6:47am
Quoting tommydoginti
{quote} You can’t find the “TMS TDI” indicator because I coded it and is not public access. The reason is because I coded the alert mechanism to do both 1) price lvl and 2) TDI cross for me so I can skip resetting the alert, saving me more time But I can show you how to use the Publicly shared TDI by TuanLouis. You can go to indicator library to search for the HA candle and the TDI by TuanLouis simply search by the full names of the indicators as per my previous post. You can then add the two indicators on the chart. (I have 2 phones so.. just...

Okay so now go to setting the alerts.

Attached Image (click to enlarge)
Click to Enlarge Name: 06320711-4CF9-406C-90CE-CDE18312EB75.jpeg Size: 223 KB

First use #647 price action to do some quick analysis

So for GU, as the LHLL formation indicated downtrend, my bias was Sell.
With anticipation of Rejection at Previous High @1.3042

First set an alert to notify me when price retests 1.3042.
Attached Image (click to enlarge)
Click to Enlarge Name: 68F58BB6-F262-4B0F-9084-946389399195.png Size: 437 KB

Attached Image (click to enlarge)
Click to Enlarge Name: E1940AB7-DEB4-4C81-B472-0148B59AADC8.jpeg Size: 44 KB
Note I use For Once. Because I want the alert at the moment when price crosses it.

You can use both “Cross” or “cross up” as you like. Price was below 1.3042 so the cross must be up


When the alert goes off, you then set the TDI alert, since you are Sell bias, the TDI signal must be DOWN.

Any up cross signals are just wasting your time

TDI by TuanLouis named the Green line “Fast MA” and red “Slow MA”.

Attached Image (click to enlarge)
Click to Enlarge Name: 3A65A786-8E51-423F-BE25-D8C7B4EF9C70.png Size: 445 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 4674FD55-FD3D-4FBA-8D40-1FFCA07CF47B.jpeg Size: 63 KB
I usually set the alert “once per bar close” for 2 reasons

1) wait for candle close to confirm a cross
2) the alert does not turn off itself in this mode, so if LHLL formation stays, I can simply leave it on and keep notifying me Sell opportunities


There you go.

The “TMS TDI” I coded for myself is simply combining the two alerts into a single custom indicator.

trade well
  • #130,437
  • Apr 11, 2022 6:48am Apr 11, 2022 6:48am
Quoting emmanuel7788
US Markets Apr 11 London 9:30AM - today European session open was fast and furious - hope many of you got your $500 profits. {image} ...

closing my European session trading as usual with $500 per market session.

one setup three trades ... sell, sell, sell,...

Big E' Post#557 and Post#7555

now I sit back relax and wait for NYSE open later in 1 ½ hours


Attached Image (click to enlarge)
Click to Enlarge Name: Ger40 Apr 11 trades closed London session 11-4-2022 4-22-00 pm.png Size: 237 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,438
  • Apr 11, 2022 6:55am Apr 11, 2022 6:55am
Quoting tommydoginti
{quote} You can’t find the “TMS TDI” indicator because I coded it and is not public access. The reason is because I coded the alert mechanism to do both 1) price lvl and 2) TDI cross for me so I can skip resetting the alert, saving me more time But I can show you how to use the Publicly shared TDI by TuanLouis. You can go to indicator library to search for the HA candle and the TDI by TuanLouis simply search by the full names of the indicators as per my previous post. You can then add the two indicators on the chart. (I have 2 phones so.. just...
that is a big disadvantage when you use your small mobile screen and trade using mobile platform

you can only get alert for one currency pair running on that small screen.

TMS Monitor running in your PC will monitor more currency pairs and send you the alerts to you mobile.

You can than one the chart screen for that pair and make your trade decision ... buy or sell.

TMS Monitor M15

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Apr11 M15 pre NYO 11-4-2022 7-51-35 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,439
  • Apr 11, 2022 7:17am Apr 11, 2022 7:17am
Quoting emmanuel7788
{quote} that is a big disadvantage when you use your small mobile screen and trade using mobile platform you can only get alert for one currency pair running on that small screen. TMS Monitor running in your PC will monitor more currency pairs and send you the alerts to you mobile. You can than one the chart screen for that pair and make your trade decision ... buy or sell. TMS Monitor M15 {image}
How do I download this scanner Emmanuel ?
  • #130,440
  • Apr 11, 2022 7:17am Apr 11, 2022 7:17am
Quoting emmanuel7788
{quote} that is a big disadvantage when you use your small mobile screen and trade using mobile platform you can only get alert for one currency pair running on that small screen. TMS Monitor running in your PC will monitor more currency pairs and send you the alerts to you mobile. You can than one the chart screen for that pair and make your trade decision ... buy or sell. TMS Monitor M15 {image}

TMS Monitor Apr 11 H1

> New York Open

> no new trade setup alerts at NYO .... WAIT for the next H1 signals

> but be sure you have your trade plan for today New York session

> Big E trade the first 2 to 3 hours of NY open

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Apr H1 NYOpen 11-4-2022 8-14-20 pm.png Size: 39 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
44 traders viewing now