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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

  • #131,621
  • May 4, 2022 10:44am May 4, 2022 10:44am
Quoting DrDave
{quote} Personally, I would not enter a sell on H1 because I make only continuation entries after a retracement. As you can see clearly, that is not a sell continuation. That occurred on M1 during the swing high bar BEFORE the red bar on H1. However, there MIGHT be a sell continuation coming; have to see what happens with the up swing that is running on M15 right now.
The trend is your friend.
  • #131,622
  • May 4, 2022 11:00am May 4, 2022 11:00am
Quoting snakecharmer
Last trade for the day. Some thoughts on this trade, I took this short because I saw a rejection on the left from the last high. And all the other indicator signals positive. {image} And the usual outcome {image} And now the daily emotional damage. {image} There are always things to learn and here are some of my lessons learned regarding this strategy: -For all the newbies like me, I believe, that this is not and I highlight NOT a simple trading strategy. It's not. It's definitely one of the most difficult and unpredictable strategies that I have...
Snake, not many can beat my TE.

So I am asking you how can a chart like this one below help you?
The only rules I do follow try to follow is this:
> Refresh chart
> Is TDI Green still crossing TDI Red
> Is TDI green angle above 2 / below 4
> Does Stoch confirm direction of TDI Green
Is the crossover still valid?
> Apply Post#647 to your understanding
Is the crossover still valid?
> Place the trade or not.
Attached Image (click to enlarge)
Click to Enlarge Name: catch.PNG Size: 8 KB
  • #131,623
  • May 4, 2022 2:33pm May 4, 2022 2:33pm
Quoting GoldOperator
TGT1+2+3 almost achieved again today in Gold.....See....Gold [email protected] [email protected] range today on few hours ago......What Next......S1 1850/R1 1930....Gold.....
Seems you are in the wrong thread buddy or just want to spam. Which one is it, lets find out.
Born to rule my Economic World and Make a Difference!
  • #131,624
  • May 4, 2022 3:47pm May 4, 2022 3:47pm
Quoting kin78
{quote} {file}
Thanks so much Kin78! Appreciate it!
  • #131,625
  • May 4, 2022 6:10pm May 4, 2022 6:10pm
Quoting emmanuel7788
{quote} EM Basket May04 H4 10PM PDT - how many Rs? - we never know now - we had 3R and 1R before,
Attached Image (click to enlarge)
Click to Enlarge Name: EMbasket May04 H410PM PDT 4-5-2022 1-03-18 pm.png Size: 32 KB


{image}

17 hours ago...

EMBasket May05 Trade Update:

- thanks to FOMC, it took off

- missed TP2 2Rs

> now the trade decision is to lock profits

> how much are you willing to give up for maximum profits?

Attached Image (click to enlarge)
Click to Enlarge Name: EMBasket May04 trade update near2R 5-5-2022 7-03-14 am.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,626
  • May 4, 2022 6:28pm May 4, 2022 6:28pm
Quoting sharemaster2
{quote} Hi Emmanuel, What of setting this on 15 min time frame, what would you say to that? Just gives you an earlier ahead move just before market open. What do you think?

hi @sharemaster2

I use the same default setting by arbinka for all timeframe M15, H1 and H4.
The threshold for the TDI green slope is 4.0 as one condition to trigger the alert.
The 5EMA Typical Price, Shift+2 is also the default.
Use the Synergy APB and not the Heiken Ashi is also default.

What is not in this TMS Monitor is the Stoch(8,3,3). This is what you need to check manually on your trading chart or Use the TMS_V19 EA as complement.

There are several technical conditions for a A+++ setup or what Big E would simply say pick 'best setup'. He knew all the ten(10) things taught by Craig Harris and Dean Malone.

It will be up to you to check your trading charts and confirm the type of trade setup you look for.

The rest is up to you the trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,627
  • May 4, 2022 6:50pm May 4, 2022 6:50pm
Quoting emmanuel7788
{quote} GJ May04 H1 NYO - this one good for 20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GJ May04 H1 NYO sell 4-5-2022 8-00-58 pm.png Size: 34 KB


{image}

GJ May04 H1 NYO POMO

- was that easy 20pips?

- it depends on you as the trader , what you know and what you see

Attached Image (click to enlarge)
Click to Enlarge Name: GJ May 04 trade 20pips review 5-5-2022 7-42-34 am.png Size: 37 KB


> when you trade in narrow range market conditions, as what X-man and LE1 said: "Price Action is king"

> Big E was X-Man' and LE1 teacher they were his best students during Big E' time. Learn from them too.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,628
  • May 4, 2022 7:00pm May 4, 2022 7:00pm
Quoting emmanuel7788
{quote} 17 hours ago... EMBasket May05 Trade Update: - thanks to FOMC, it took off - missed TP2 2Rs > now the trade decision is to lock profits > how much are you willing to give up for maximum profits? {image} {image}

EMBasket May05 Trade Management

- using R and R-Multiple trade management

> with +1R locked, I move my trailing SL to TP1 level

> now I push my TP to TP3 level to target a 3R trade

> I'll let the market decide while is look for other trade opportunities

Attached Image (click to enlarge)
Click to Enlarge Name: EMBasket May05 lock1R move TP3 5-5-2022 7-14-47 am.png Size: 31 KB


> I know some traders would breakeven their trade at EP+ and be happy too

> but this is giving up too much the market already gave you.

> its up to you!

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,629
  • May 4, 2022 7:08pm May 4, 2022 7:08pm
Quoting sharemaster2
{quote} They are the most liquid of Pairs and if you notice, incorporate the Major economies of the world so move faster than others. Just my two cents.

Thank you sharemaster2, you are so kind. Cheers.
  • #131,630
  • May 4, 2022 7:17pm May 4, 2022 7:17pm
Quoting DrDave
{quote} I am not from this thread. you may choose to ignore/refuse to answer my question Hmmmm. I must have missed something, because other than perhaps SUBSCRIBING to a thread, I did not realize that: 1. anyone "belongs" to any thread and 2. there are any "rules" about answering/not answering a question. Anyway, it was established about 10 YEARS ago that this is the thread for daily laughs where anyone can post ANYTHING that he feels like. So post away!!

Thank you Fake-drDave oh yes thread is open for outsiders so we can visit this thread and can laugh at you and your posts.

I've a question, and you may refuse to reply or ignore it: why do you call yourself Dr. Dave? you may be a doctor but what does it have to do with forex trading? and Why the people call you a Fake-DrDave?
  • #131,631
  • May 4, 2022 7:27pm May 4, 2022 7:27pm
Quoting snakecharmer
Last trade for the day. Some thoughts on this trade, I took this short because I saw a rejection on the left from the last high. And all the other indicator signals positive. {image} ///.

"Last trade for the day. Some thoughts on this trade, I took this short because I saw a rejection on the left from the last high"


Hey TMS Folks,

Here is where most rookie traders make that same mistake over and over again.

A price test of a recent high is not a rejection. You learn that from @tommydoginti another fake TMS trader and fake teacher with less than 2 years trading experience.

To see a market rejection of a most recent previous price action PPA, you need to see basic price action - first there must be the True REVESAL and then followed with a new lower low and lower high price structure. Follow Big E old post and learn the Natural Flow of the Forex Market aka NFF by Craig Harris. Lots of old tutorial videos in the old thread.

Here are my comments:

Attached Image (click to enlarge)
Click to Enlarge Name: snakecharmer AU H1 NYO 5-5-2022 8-09-11 am.png Size: 60 KB


> what you do not see on that chart is the other market opening and closing hour
the London - New York overlap hours has many dangers lurking, one is the NYSE 8:30am opening and this is every day... Monday to Friday.

> what you did not do is to check the calendar for major news and events.... pre FOMC trading requires some luck.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,632
  • May 4, 2022 7:44pm May 4, 2022 7:44pm
EJ May05 H1 Tokyo 9:42am

- is the H1 swing high confirmed?

> if you see and think YES! you failed!

Attached Image (click to enlarge)
Click to Enlarge Name: EJ May05 H1 TOK0942am 5-5-2022 8-41-54 am.png Size: 34 KB

> you still have not learn Big E' NFF and have not learned his 5-Method.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,633
  • May 4, 2022 7:58pm May 4, 2022 7:58pm
Quoting snakecharmer
Last trade for the day. Some thoughts on this trade, I took this short because I saw a rejection on the left from the last high. And all the other indicator signals positive. {image} And the usual outcome {image} And now the daily emotional damage. {image} There are always things to learn and here are some of my lessons learned regarding this strategy: -For all the newbies like me, I believe, that this is not and I highlight NOT a simple trading strategy. It's not. It's definitely one of the most difficult and unpredictable strategies that I have...
Attached Image (click to enlarge)
Click to Enlarge Name: snakecharmer #131,260 5-5-2022 8-51-28 am.png Size: 67 KB

A picture is worth one thousand words { here )

Good points 1,2 and 3. but with only a few trades, you cannot come to a good conclusion. Like I said, do 1,000 trades and fine tuned along the way.

Indeed, Big E did leave a VOID. { here }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,634
  • May 4, 2022 8:02pm May 4, 2022 8:02pm
Quoting emmanuel7788
EJ May05 H1 Tokyo 9:42am - is the H1 swing high confirmed? > if you see and think YES! you failed! {image} > you still have not learn Big E' NFF and have not learned his 5-Method. ..

Attached Image (click to enlarge)
Click to Enlarge Name: EJ May05 H1 TOK0942am 5-5-2022 8-41-54 am.png Size: 34 KB


.


EJ May05 H1 swing high is confirmed at Tokyo 10am open

Attached Image (click to enlarge)
Click to Enlarge Name: EJ May05 H1 swing high confirmed Tokyo 10am 5-5-2022 9-00-34 am.png Size: 35 KB


> you just have to wait for the H1 bar/candle to close and the next bar/candle opens.

> do you see the FOMC bar/candle?

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,635
  • May 4, 2022 8:24pm May 4, 2022 8:24pm
Forex Factory' thread titles:

"How Long Will Your $1 Million Last in Retirement?" { here }

If you follow Big E Post#557 and Post#7555,

you deposit $10,000 into your trading account with your broker,

you will learn how many times you can make deposits of $10,000 each time.

Each time is like you are going to Las Vegas for relaxation and entertainment.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,636
  • May 4, 2022 8:39pm May 4, 2022 8:39pm
Quoting emmanuel7788
US Markets London 11am - preparing for FOMC
Attached Image (click to enlarge)
Click to Enlarge Name: US markets London 11am 4-5-2022 6-12-58 pm.png Size: 38 KB


{image}
US Markets May04

> too much risk day trading the FOMC especially when it is my bedtime

> I closed all day trades before FOMC and sleep soundly

> surviving FOMC is for medium to long term swing traders with deep pockets

>>> If you follow Big E Post#557 and Post#7555,

Attached Image (click to enlarge)
Click to Enlarge Name: S&P500 trades closed before FOMC 5-5-2022 9-34-58 am.png Size: 7 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,637
  • May 4, 2022 11:33pm May 4, 2022 11:33pm
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Post#281
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.

Quoting eelfranz
////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....
Post#1

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.


It is now London 5:30m ,
another 30mins we will see the PDT 10PM 4hr new candle,

Can you trade the next 4 hours on your H1 charts?

Example UJ H1 London 5:30am

- what setup are you looking for?

- do you see the FOMC candle?

Attached Image (click to enlarge)
Click to Enlarge Name: UJ May06 H1 London 530am 5-5-2022 12-31-49 pm.png Size: 33 KB


>>> your thoughts please,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,638
  • May 5, 2022 12:04am May 5, 2022 12:04am
Quoting emmanuel7788
{quote} Post#281 Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts. {quote} Post#1 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...

London 6am Pacific 10PM

- nothing on H4 and H1

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May04 H4 and H1 London6am 5-5-2022 1-01-51 pm.png Size: 24 KB


> now what?

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,639
  • May 5, 2022 12:06am May 5, 2022 12:06am
Quoting emmanuel7788
{quote} US Markets May04 > too much risk day trading the FOMC especially when it is my bedtime > I closed all day trades before FOMC and sleep soundly > surviving FOMC is for medium to long term swing traders with deep pockets >>> If you follow Big E Post#557 and Post#7555, {image}

Attached Image (click to enlarge)
Click to Enlarge Name: S&P500 trades closed before FOMC 5-5-2022 9-34-58 am.png Size: 7 KB

{image}

It is Frankfurt 7am

this post will trigger Fake'Dr'Dave nerve and he will suffer another mental meltdown.

S&P500 closed trades May04 pre-session/FOMC

Attached Image (click to enlarge)
Click to Enlarge Name: S&P500 May04 trades closed b4 FOMC 5-5-2022 12-57-06 pm.png Size: 80 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #131,640
  • May 5, 2022 12:12am May 5, 2022 12:12am
Quoting emmanuel7788
{quote} London 6am Pacific 10PM - nothing on H4 and H1 {image} > now what? ...
how about Eurjpy, it is look good 4 long
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