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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

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Trading Made Simple

  • #140,741
  • Jun 12, 2023 8:35pm Jun 12, 2023 8:35pm
AU Jun 12 TMS-II trades closed


- just my usual morning Tokyo session trade with AJ and UJ

- today like every other trading day ... would be the same ...


Attached Image (click to enlarge)
Click to Enlarge Name: AU Hun12 TMS-II trades closed CSTSL 13-6-2023 8-10-18 am.png Size: 30 KB

- then the next 4hr trade window at Pacific 10PM and the Tokyo 5H trade,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,742
  • Jun 12, 2023 8:40pm Jun 12, 2023 8:40pm
Quoting Tekkies
Related to Post 140,697 To early to be sure, it looks like it can work. Gave my self a deposit of ZAR 2 247, started badly, got this nice signal. All that remains now is testing, testing, testing. {image}

hey @Tekkies

since you are testing another of your new method, you can show those closed trades on your chart for people reading this thread to follow.

See post#67,502
How to show trades from your MT4 Terminal Account History on your chart. Post#52,163


if you want to show your open trade(s) order entries on chart ... just use the script in this post:
http://www.forexfactory.com/showthre...23#post7224523

Inserted Video



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,743
  • Jun 12, 2023 8:51pm Jun 12, 2023 8:51pm
Quoting emmanuel7788
It's Sunday 6:30pm London... hey guys missed the 3pm session today... busy on road trip... now dropping by and catching up with the posts and some PMs to reply, first thought for the new week, {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Learn Unlearn and Relearn.png Size: 147 KB




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for those who have tried and tried and tried and still have not been profitable trading spot forex market,
you can unlearn some of the many things you have learned over the many years and start all over again and re-learn some things again and continue with your learning journey ... and you will discover the 5-Method is all you will ever need to make money.

start with Big E' Post #34below:

===============================
Personal Note:

Lets lay some ground rules here at the beginning please...

It generally drives me nuts when people ask questions that have been already answered. It tells me their not willing to read the thread from the beginning. Don't start in the middle please. I don't want to waste the members time by repeating unless they really don't understand. Then it's ok. Other members feel free to answer others questions along the way if you know the answer. I'd appreciate that. I'll make sure your assistance is correct when helping others here. Thank You.

A half a dozen posts back I posted some custom Indicators I use when trading. They are not necessary for the success of this thread. I'm only sharing.

On my charts the Asian Indicator puts the orange dashed lines on my chart. It shows me the Tokyo Channel and Hi/Lo so I can check the spread to make sure it's more than 40 pips before trading that pair.

I click the crosshair on my FXDD MT4 , left click the top orange line and drag it to the bottom orange line to tell me how many pips seperate those lines. Thats basic but some traders might not know how to do that. See the original posted chart.

Keep in mind you can also just use a horizontal line on the Hi/Lo of the chart from where the daily chart starts new at 0:0 to the open of the EURO session or NY Midnight on your chart. Either way is ok.

The Support/Resistance - red/blue dots for individual swings for easier visual display.

The TDI Indicator is one I ALWAYS use when trading. It's free and comes from compassfx when you sign up for their free Synergy system. Compassfx is a AAA+++ company in my book and very honest too.

I personally trust it (TDI) more than Stochastics. When you open it on a chart you'll see 5 colored lines. 2 Blue, 1 yellow, 1 green, 1 red. If the green line goes outside of the blue lines you have some powerful momentum happening. The yellow is market sentiment. I go right click the indicator on my chart and select Properties and click. I then remove the blue and yellow lines because it's to busy for me. I only use the green and red lines on my chart. Stack it with Stochastics above or below the TDI. Go back a couple months in your charts and note the relationship between both indicators and what your seeing on your chart. You'll see what I mean.

I spent full time studying Charts for 2 years before doing live trading again. Why? The first 3-6 months I lost only $150 bucks while trading live and that alone told me I needed to learn more about chart reading and a couple specific pairs. Why blow your trading account and make foolish decisions with a lack of specific knowledge. I switched to strictly Demo Trading during that 2 years to LEARN what these charts were trying to tell me.

One of the other indicators is for Heiken Ashi Candles. When I trade I only use them on my chart. It gives you a smoother candle flow and keeps me from wanting to bale out of a trade early. Creates much less stress when trading.

On any post I start with Personal Note: It has to do with the way I trade his information personally or a tid bit of information I'm hoping that may help other traders. I'm just wanting to help.

Big E

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,744
  • Jun 12, 2023 8:55pm Jun 12, 2023 8:55pm
Quoting Tekkies
Related to Post 140,697 To early to be sure, it looks like it can work. Gave my self a deposit of ZAR 2 247, started badly, got this nice signal. All that remains now is testing, testing, testing. {image}

no need to TDI green line,

use HA candles and 5EMA,

keep it simple...follow price action with Post #647 analysis,

always use initial Stop Loss 'R' and Position Sizing, let the market decide on your R-Multiple exits.

follow simple rules for entries and exits ... #2617


Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jun13 M5 13-6-2023 9-52-52 am.png Size: 21 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,745
  • Jun 13, 2023 12:32am Jun 13, 2023 12:32am
Quoting emmanuel7788
{quote} no need to TDI green line, use HA candles and 5EMA, keep it simple...follow price action with Post #647 analysis, always use initial Stop Loss 'R' and Position Sizing, let the market decide on your R-Multiple exits. follow simple rules for entries and exits ... #2617 {image} ...

a chart is worth one thousand words ...

- H4 market type is sideways ...

- can you scalp the 4hr trade window ?

- simple PA entry rules,

- simple exit rules using R-Multiples of your risk 'R'

- after 1,000 trades you will know which type of PA setups have the statistical winning edge


Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jun13 new 4hr trade window 3R trade 13-6-2023 1-19-36 pm.png Size: 33 KB


> now the next 4hr trade window we look for another PA setup

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,746
  • Jun 13, 2023 12:47am Jun 13, 2023 12:47am
AU Jun13 H4 Frankfurt 7am Pacific 10PM

- this is the second 4hr trade window of my trading day

- a delayed POP Gun setup

- in an established trending market type this is considered a continuation setup

- to the OP Big E he used to call this a pause in the market and he look for the TDI' RSI green price line to show a 'check-mark' or a tweak in its angle or a bounce



Attached Image (click to enlarge)
Click to Enlarge Name: AU Jun13 H4 POP Gun 13-6-2023 1-43-09 pm.png Size: 31 KB



TMS 5-Method Basic template #261

- let's re-learn from the beginning all over again

Attached Image (click to enlarge)
Click to Enlarge Name: AU Jun13 TMS basic 13-6-2023 1-50-18 pm.png Size: 32 KB

> potential for a Golden Cross if the price does the is right thing,

but,

> note the price behaviour PA and the TDI' volatility band VB ... it changes its shape from balloon to sausage to balloon and narrow sausage 'thüringer'...




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,747
  • Jun 13, 2023 1:32am Jun 13, 2023 1:32am
Quoting emmanuel7788
{quote} Hi Dennis, We do not know if there will be uptrend next week. What we see now in the AU chart is market is sideways ranging with the WRB High-Low. We have some important news next week and there is FOMC. Keep our date with the FED. Also keep our ears on the ground with BoC/CNY what the Chinese may do in respond. It is going to be action next week. See comments on the AU chart. There are several historical S&R where I will be looking at the PA around these. Monthly and Weekly will show us the bigger picture. {image} Trade Well....

Hi Bif E, just joined and read the first pages, loving this Forum, have a question, what do you mean by PA?
  • #140,748
  • Jun 13, 2023 2:41am Jun 13, 2023 2:41am
Quoting Mat45
{quote} Hi Bif E, just joined and read the first pages, loving this Forum, have a question, what do you mean by PA?
Attached Image (click to enlarge)
Click to Enlarge Name: Big E #2 PA candle.png Size: 59 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,749
  • Jun 13, 2023 2:44am Jun 13, 2023 2:44am
Quoting emmanuel7788
{quote} a chart is worth one thousand words ... - H4 market type is sideways ... - can you scalp the 4hr trade window ? - simple PA entry rules, - simple exit rules using R-Multiples of your risk 'R' - after 1,000 trades you will know which type of PA setups have the statistical winning edge {image} > now the next 4hr trade window we look for another PA setup ...

- another M5 Price Action trade in the next new 4hr trade window...


Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jun13 new 4hr M5 buy 13-6-2023 3-37-25 pm.png Size: 29 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,750
  • Jun 13, 2023 2:48am Jun 13, 2023 2:48am
Quoting emmanuel7788
AU Jun13 H4 Frankfurt 7am Pacific 10PM - this is the second 4hr trade window of my trading day - a delayed POP Gun setup - in an established trending market type this is considered a continuation setup - to the OP Big E he used to call this a pause in the market and he look for the TDI' RSI green price line to show a 'check-mark' or a tweak in its angle or a bounce {image} TMS 5-Method Basic template #261 - let's re-learn from the beginning all over again {image} > potential for a Golden Cross if the price does the is right thing, but, > note the...

AU Jun13 H4 update:

- as price moves higher the Stoch updates in realtime

- the TDI #25 is still waiting for the bar/candle to Close then it will update

Attached Image (click to enlarge)
Click to Enlarge Name: AU Jun13 H4 update 13-6-2023 3-45-15 pm.png Size: 32 KB

> next update in 1 hour 14 minutes ...

...



...
Attached Image (click to enlarge)
Click to Enlarge Name: AU Jun13 TMS basic 13-6-2023 1-50-18 pm.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,751
  • Jun 13, 2023 2:58am Jun 13, 2023 2:58am
Anyone else catching some sell vibe on USDCAD? I think it's a cliff out there
Attached Image (click to enlarge)
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make yourself a failure and learn
Minty Return This Week: na
  • #140,752
  • Jun 13, 2023 4:23am Jun 13, 2023 4:23am
Quoting Cede
Anyone else catching some sell vibe on USDCAD? I think it's a cliff out there {image}

It is good idea to trade the H1 now as the H4 has multiple Master Candles ...

you just need to pay attention to US events and news this week and also during the London market session and oil prices...


Attached Image (click to enlarge)
Click to Enlarge Name: UCad Jun13 H4 London 10am 13-6-2023 5-18-58 pm.png Size: 29 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,753
  • Jun 13, 2023 4:27am Jun 13, 2023 4:27am
Quoting emmanuel7788
{quote} AU Jun13 H4 update: - as price moves higher the Stoch updates in realtime - the TDI #25 is still waiting for the bar/candle to Close then it will update {image} > next update in 1 hour 14 minutes ... ... ... {image}

Attached Image (click to enlarge)
Click to Enlarge Name: AU Jun13 H4 update 13-6-2023 3-45-15 pm.png Size: 32 KB


AU Jun13 H4 update London 10am

- the H4 bar/candle Closed and the TDI' RSI green price line updates.

- we have a Golden Cross but this 0ne has more risk because of the market conditions.. you see the TDI VB is narrow and the Golden Cross is at the 68 level and both the TDI' red and yellow are flat.

- still can trade this but manage risk is important

Attached Image (click to enlarge)
Click to Enlarge Name: AU Jun13 H4 new candle update 13-6-2023 5-01-43 pm.png Size: 32 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,754
  • Jun 13, 2023 5:53am Jun 13, 2023 5:53am
Quoting emmanuel7788
{quote} - another M5 Price Action trade in the next new 4hr trade window... {image} .
Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jun13 new 4hr M5 buy 13-6-2023 3-37-25 pm.png Size: 29 KB



..

yet another M5 PA setup with the bullish H4 close

- you do not need any TDI green line cross ...

- you need lots of confidence when you follow rules-based discretionary trading


Attached Image (click to enlarge)
Click to Enlarge Name: XAu Jun13 H4 bull breakout M5 13-6-2023 6-49-23 pm.png Size: 27 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,755
  • Jun 13, 2023 7:17am Jun 13, 2023 7:17am
Quoting emmanuel7788
{quote} yet another M5 PA setup with the bullish H4 close - you do not need any TDI green line cross ... - you need lots of confidence when you follow rules-based discretionary trading {image} ... {image}
Hi Emmanuel,

What does mean of PA?
  • #140,756
  • Jun 13, 2023 7:19am Jun 13, 2023 7:19am
Quoting emmanuel7788
{quote} AU Jun13 H4 update London 10am - the H4 bar/candle Closed and the TDI' RSI green price line updates. - we have a Golden Cross but this 0ne has more risk because of the market conditions.. you see the TDI VB is narrow and the Golden Cross is at the 68 level and both the TDI' red and yellow are flat. - still can trade this but manage risk is important {image} ... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AU Jun13 H4 new candle update 13-6-2023 5-01-43 pm.png Size: 32 KB
AU Jun 13 H4 New York Open with 45 minutes till this 4hr close

- if this current H4 candle doea not move higheand Close higher high, then the TDI' RSI green price line will tweek ... can be flat, hook back, etc. that depends on the Close price of this H4 candle

- important you learn to read your candle and know what the TDI will show you

- this is reason why Big E did not refresh his charts when he was trading...

Attached Image (click to enlarge)
Click to Enlarge Name: AU Jun13 H4 at NYO 13-6-2023 8-15-04 pm.png Size: 33 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,757
  • Jun 13, 2023 7:31am Jun 13, 2023 7:31am
Quoting emmanuel7788
{quote} yet another M5 PA setup with the bullish H4 close - you do not need any TDI green line cross ... - you need lots of confidence when you follow rules-based discretionary trading {image} ... {image}

the danger of New York Open 8am

- hit the previous H4 candles Close and Open ...

- dive dive dive !

- that is why we must trade with Stop Loss and use Position Sizing to protect our trading capital

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jun 13 hit H4 OHLC 13-6-2023 8-25-28 pm.png Size: 37 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,758
  • Jun 13, 2023 7:38am Jun 13, 2023 7:38am
Quoting emmanuel7788
{quote} AU Jun 13 H4 New York Open with 45 minutes till this 4hr close - if this current H4 candle doea not move higheand Close higher high, then the TDI' RSI green price line will tweek ... can be flat, hook back, etc. that depends on the Close price of this H4 candle - important you learn to read your candle and know what the TDI will show you - this is reason why Big E did not refresh his charts when he was trading... {image} ... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AU Jun13 H4 at NYO 13-6-2023 8-15-04 pm.png Size: 33 KB

AU Jun 13 H4 NYO ... CPI weak data

- looking good now with H4 making higher high and higher Close would be super...

- let wait and see what the TDI' RSI green price line slope would be ...


Attached Image (click to enlarge)
Click to Enlarge Name: AU Jun 13 H4 NYO 27min remaining 13-6-2023 8-33-02 pm.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,759
  • Jun 13, 2023 7:46am Jun 13, 2023 7:46am
Quoting Cede
Anyone else catching some sell vibe on USDCAD? I think it's a cliff out there {image}
My thoughts(intelligently) for USDCAD:

I STILL BELIEVE SOME ACTION TO THE DOWNSIDE IS INEVITABLE as i expected @ US OPEN
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make yourself a failure and learn
Minty Return This Week: na
  • #140,760
  • Jun 13, 2023 9:45am Jun 13, 2023 9:45am
Related to Post 140,697 / Post 140,704 / Post 140,727
Took a tumble and recovered.
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