Trading Made Simple | Page 6936 | 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

  • #138,701
  • Mar 16, 2023 6:47pm Mar 16, 2023 6:47pm
Quoting emmanuel7788
{quote} EURGBP Mar16 re-entry sell - H1 Pin Bar reversal - quick take profits TP1 +10pips, TP2 +25pips - now let market decide the rest... {image} ...
EURGBP Mar16 TMS-II trades closed

- 3 batches , 1 buy, 2 sell

- after getting stopped out, did another re-entry following the EC rates announcement

- got stopped out again but its all okay when trading in these volatile market conditions

Attached Image (click to enlarge)
Click to Enlarge Name: EG Mar16 Trade Closed review 17-3-2023 7-31-09 am.png Size: 29 KB



...

Attached Image (click to enlarge)
Click to Enlarge Name: EG Mar16 TMS-II trades closed 3rd batch 17-3-2023 7-40-37 am.png Size: 170 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,702
  • Mar 16, 2023 6:58pm Mar 16, 2023 6:58pm
Quoting Tekkies
{quote} No.
Trade in M15 with TDI + post#647, H1 TDI is to confirm direction for intended entry in M15.
Basically M15 is used to enter the trade so that when H1 do crossover (with post#647) you have placed the trade at the beginning of that new bar. If H1 does not crossover, M15 will have enough profit (even 1 pip) to close order.
#114,836 above:

@Tekkies

* Do Not try predict the H1 crossover on the M15*
>>> WAIT for the H1 setup to be confirmed then make your trade entry

We do not need TDI when we trade post#647 Price Action & Support/Resistance.
In my EURGBP trades yesterday, we trade H1 Price Action setups and use M15 entries and exits in TMS-II system strategy.
Instead of waiting for the market to move 50pips and exit on a pull-back (Post#557),
TMS-II will take profit once after the entry level, TP1, TP2 and TP3 when the market moves 50pips.... there is Capital Protect in cased the market pulls back.

You can learn from my EURGBP trades above:
https://www.forexfactory.com/thread/...8#post14364058

When trading TMS-II, you do not need to manually manage your trades. Use THV CaveManager EA to do the trade management tasks for you. This will free up your time for other activities - like for example to look for other trades or you can 'chill and wait', etc.

Attached Image (click to enlarge)
Click to Enlarge Name: EG Mar16 Trade Closed review 17-3-2023 7-31-09 am.png Size: 29 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,703
  • Mar 16, 2023 7:12pm Mar 16, 2023 7:12pm
AUDUSD Mar17 Day Trading:

- Post#647 Top Down Analysis show we are in a Sideways Ranging 'choppy' market type,

- difficult to get 50pips unless there is a breakout away from that narrow range.

- H4 and H1 PA not in 'synergy' at this moment...

Attached Image (click to enlarge)
Click to Enlarge Name: AU Mar17 Post#647 Market Type 17-3-2023 8-04-18 am.png Size: 33 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,704
  • Mar 16, 2023 7:20pm Mar 16, 2023 7:20pm
Quoting Tradingmt4
{quote} Is it still flying on the technical? I know the news had been promoting it. Do you happen to know of any indicator for chart patterns? like double top bottom?
There is an indicator for candlestick price action pattern which I have been using since J16 thread.
https://www.forexfactory.com/thread/...6-chart-thread

We have one live example today below:

AU Daily chart NRI4B

>> its narrow range market alert!

Attached Image (click to enlarge)
Click to Enlarge Name: AU Mar17 Daily NRi4B 17-3-2023 8-13-22 am.png Size: 48 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,705
  • Mar 16, 2023 7:31pm Mar 16, 2023 7:31pm
Quoting emmanuel7788
{quote} There is an indicator for candlestick price action pattern which I have been using since J16 thread. https://www.forexfactory.com/thread/...6-chart-thread We have one live example today below: AU Daily chart NRI4B >> its narrow range market alert! {image} ...
AU dual Day Inside Bar days...

There are three ways to trade this today:

Which of the three ways from your 5,000 trades experience has the best STATISTICAL EDGE ?

Attached Image (click to enlarge)
Click to Enlarge Name: AU Mar17 H1 Double D1 IBs 17-3-2023 8-25-55 am.png Size: 52 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,706
  • Mar 16, 2023 8:05pm Mar 16, 2023 8:05pm
Quoting eelfranz
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... {image}
Study the Price Action on the OP' Training Charts like this one above.

Learn what the price action setups are on his charts and when the lagging TDI is showing the RSI' green price line PL crossing the red trade signal line TSL.

I did my own study many years ago and found many PA setups which shows the RSI(13)' green PL setup with/without the need of the red TSL.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post#2 training chart.png Size: 76 KB

...


Three Powerful FOREX Price Patterns you can trade with Big E' 5-Method.

Learn just a few basic price action and apply them with Post#647, no need to guess what are big and small candles, be SMART and be specific with what is small and what is big candle.

Three Powerful FOREX Price Patterns >>> { download }

https://www.forexfactory.com/thread/...0#post14233420

These three Forex Price Action will always show a TDI condition for entry.


https://www.forexfactory.com/thread/...6#post14207286

Lots of posts examples ... just use the forum search keyword " Powerful Forex "

IT's your LEARNING JOURNEY...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,707
  • Mar 16, 2023 8:10pm Mar 16, 2023 8:10pm
Quoting emmanuel7788
{quote} There is an indicator for candlestick price action pattern which I have been using since J16 thread. https://www.forexfactory.com/thread/...6-chart-thread We have one live example today below: AU Daily chart NRI4B >> its narrow range market alert! {image} ...
TMS Monitor Tokyo 10:00am Local EST 9PM

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor TOK1000am 17-3-2023 9-06-58 am.png Size: 41 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,708
  • Mar 16, 2023 8:14pm Mar 16, 2023 8:14pm
I have my trading time 'zones' which mean I do not have to sit in front of my computer all the time.
I have my trading platforms running in my VPS 24x7 and I can access any time from anywhere using my PC with mobile broadband connection.


Attached Image (click to enlarge)
Click to Enlarge Name: Market hours time-based trading 17-3-2023 8-46-52 am.png Size: 7 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,709
  • Mar 16, 2023 8:32pm Mar 16, 2023 8:32pm
Quoting emmanuel7788
{quote} TMS Monitor Tokyo 10:00am Local EST 9PM {image} ...
AUDUSD Mar17 Sydney-Tokyo Open session trades

- two of my favourite Price Action setups - 1) PCRF, 2) Arjun candle, ....

>>> explosive move !!!


Attached Image (click to enlarge)
Click to Enlarge Name: AU Mar17 SYD-TOK trades 17-3-2023 9-22-26 am.png Size: 26 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,710
  • Mar 16, 2023 11:57pm Mar 16, 2023 11:57pm
Quoting emmanuel7788
I have my trading time 'zones' which mean I do not have to sit in front of my computer all the time. I have my trading platforms running in my VPS 24x7 and I can access any time from anywhere using my PC with mobile broadband connection. {image} ...
TMS Mar17 4H 8 pairs

- approaching Tokyo 2PM EST 1AM

- Asian markets regained some ground and gave USD a small beating,

- now what do we have the next 4hr trade window?

> do you scalp?

> look at the H4 when you scalp.

or

> check the ADR high and low for possible pull back,



Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mar17 4H 8 pairs.png Size: 68 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,711
  • Mar 17, 2023 12:02am Mar 17, 2023 12:02am
Quoting emmanuel7788
{quote} TMS Mar17 4H 8 pairs - approaching Tokyo 2PM EST 1AM - Asian markets regained some ground and gave USD a small beating, - now what do we have the next 4hr trade window? > do you scalp? > look at the H4 when you scalp. or > check the ADR high and low for possible pull back, {image}
TMS Monitor 4H Pacific 10PM

- a few extreme slope on the RSI green price line

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Mar17 H4 and H EST1AM Pacific 10PM 1 17-3-2023 1-00-06 pm.png Size: 31 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,712
  • Mar 17, 2023 12:03am Mar 17, 2023 12:03am
USDCHF H4 short
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 1 KB
  • #138,713
  • Mar 17, 2023 12:14am Mar 17, 2023 12:14am
Quoting ThanksDana
USDCHF H4 short {image}
a few central banks have their lifeline on this one!

Attached Image (click to enlarge)
Click to Enlarge Name: Credit Suisse.png Size: 192 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,714
  • Mar 17, 2023 2:03am Mar 17, 2023 2:03am
EU Long M15
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 1 KB
  • #138,715
  • Mar 17, 2023 2:50am Mar 17, 2023 2:50am
Quoting emmanuel7788
{quote} There is an indicator for candlestick price action pattern which I have been using since J16 thread. https://www.forexfactory.com/thread/...6-chart-thread We have one live example today below: AU Daily chart NRI4B >> its narrow range market alert! {image} ...
USDCHF Mar17 H1 BEOB alert

- Frankfurt open

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Mar17 H1 BEOB at FO 17-3-2023 3-47-09 pm.png Size: 51 KB


...

TMS Monitor display

-
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May17 h1 BEOB 17-3-2023 3-45-45 pm.png Size: 41 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,716
  • Mar 17, 2023 3:06am Mar 17, 2023 3:06am
Quoting emmanuel7788
{quote} There is an indicator for candlestick price action pattern which I have been using since J16 thread. https://www.forexfactory.com/thread/...6-chart-thread We have one live example today below: AU Daily chart NRI4B >> its narrow range market alert! {image} ...
DBLHC

- an example, but this one is not useful !

- in a downtrend, we look for DBHLC ...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Mar17 DBLHC 17-3-2023 4-02-21 pm.png Size: 48 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,717
  • Mar 17, 2023 3:40am Mar 17, 2023 3:40am
Quoting emmanuel7788
{quote} DBLHC - an example, but this one is not useful ! - in a downtrend, we look for DBHLC ... {image} ...

GBPAUD Mar17 H1 ... WAIT !

- wait for this current H1 to close, IF you see a BEEOB candle, then it is a setup for sell


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Mar17 H1 wait for BEEOB 17-3-2023 4-37-24 pm.png Size: 48 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,718
  • Mar 17, 2023 4:03am Mar 17, 2023 4:03am
Quoting emmanuel7788
{quote} GBPAUD Mar17 H1 ... WAIT ! - wait for this current H1 to close, IF you see a BEEOB candle, then it is a setup for sell {image} ...

GBPAUD Mar17 London 9am

- H1 no BEEOB no trade ! that's simple enough.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Mar17 no BEEOB no trade 17-3-2023 5-00-27 pm.png Size: 46 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,719
  • Mar 17, 2023 4:17am Mar 17, 2023 4:17am
Quoting emmanuel7788
{quote} GBPAUD Mar17 London 9am - H1 no BEEOB no trade ! that's simple enough. {image} ...

Quoting eelfranz
Stayincool... YOU GOT TO LEARN TO READ YOUR CANDLES //////. Study your charts and learn what their saying so when you see it again you'll know what's about to happen.

GBPAUD - what a BEEOB is and know what to expect on your TMS chart?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Mar17 H1 BEEOB explanation 17-3-2023 5-04-24 pm.png Size: 40 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,720
  • Mar 17, 2023 4:20am Mar 17, 2023 4:20am
Quoting emmanuel7788
{quote} There is an indicator for candlestick price action pattern which I have been using since J16 thread. https://www.forexfactory.com/thread/...6-chart-thread We have one live example today below: AU Daily chart NRI4B >> its narrow range market alert! {image} ...
Cheers Emmanuel.
37 traders viewing now, 1 is registered:
kola.bear020