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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

  • #145,961
  • Mar 7, 2024 7:24pm Mar 7, 2024 7:24pm
Quoting Girelli
{quote} Hello, I'm interested in this model. Thank you very much. {image}
hi @Girelli

here is a new version 3.1 with +5R levels based on ATR

these are MT4 scripts and you can add them to your Navigator/Favourites ...

then simple drag-and-drop onto the setup candle for entry

the SL will be based on the trading chart timeframe and its ATR(10)

you can select and adjust the EP and SL ...

Attached Image (click to enlarge)
Click to Enlarge Name: TMS-II EP SL 5R TP 8-3-2024 9-12-58 am.png Size: 27 KB



...
Attached File(s)
File Type: ex4 Draw_Lines Buy EP SL TP v3.1.ex4   8 KB | 709 downloads
File Type: ex4 Draw_Lines Sell EP SL TP v3.1.ex4   9 KB | 726 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,962
  • Mar 7, 2024 7:27pm Mar 7, 2024 7:27pm
Quoting emmanuel7788
{quote} XAU Mar06 - should make it to target 2143.85

{image} ...

BINGO! ... right on target 2143.85

close the basket with 4 positions and modest profits


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- re-entry done !


..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,963
  • Edited 9:10pm Mar 7, 2024 8:54pm | Edited 9:10pm
Empty barrels make loud sounds,

traders' activities on forums are often only carried out by academics who are pursuing the title of real teacher and adulation,

while other traders don't care about any titles and adulation, they are just busy trading and perfecting their strategies.

to test the strategy, usually create a special thread and let other people also test it,

actually who is using it and who is being taken advantage of?

They are in the silent reader group
  • #145,964
  • Mar 7, 2024 9:16pm Mar 7, 2024 9:16pm
good book to read

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,965
  • Mar 8, 2024 12:55am Mar 8, 2024 12:55am
[quote=thomi;14785813]
Quoting Girelli
{quote} Bonjour, je suis intéressé par ce modèle. Merci beaucoup. {image}[/citation] you just need to take the fibonacci tools and change the values. -1 - 0 - 1 - 2 - 3 - 4 - 5 etc.
That is just for illustration of trade levels on MT4 charts.

In my previous post I reproduced that in line with Lynnc’s suggestion.

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  • #145,966
  • Mar 8, 2024 1:02am Mar 8, 2024 1:02am
Quoting tommydoginti
{quote} Hi LODfx I have shared my older version of alert indicator with a handful of TMS traders here, given they have been around for a while and we have communicated via post and/or PM. If you are really into the TMS method, I would share with you the code in Pinescript. But I would ask you to share some charts of yours to show you understand the method. The older version is based on Previius Highs and Lows and Trend. From post #647. The one I am using also applied rejection and reversals. Excuse me for not wanting to share the current version...
Good show by the most influential female singer who only tour 1 Asian country this year.

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  • #145,967
  • Mar 8, 2024 1:14am Mar 8, 2024 1:14am
[quote=emmanuel7788;14786233]
Quoting thomi
{quote} you need to consider the ATR factor in your SL and TMS-II expert advisor the EA will manage the trades with ATR trailing stop.
Hello,
I'm missing the template and the indicators you specify and EA.

Thanks
the same first name as my grandson
Sorry for my English: Google translator
  • #145,968
  • Mar 8, 2024 2:11am Mar 8, 2024 2:11am
short NZD/CAD 0.83025
  • #145,969
  • Mar 8, 2024 3:24am Mar 8, 2024 3:24am
Quoting thomi
court NZD/CAD 0,83025
STOP IT 0.83095
  • #145,970
  • Mar 8, 2024 5:23am Mar 8, 2024 5:23am
Quoting thomi
short NZD/CAD 0.83025

NZDCAD was in buy bias as of BigE’s TMS method. Range low rejection with HHHL formation.

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  • #145,971
  • Mar 8, 2024 5:49am Mar 8, 2024 5:49am
Quoting thomi
short NZD/CAD 0.83025

hi @thomi

without a chart I cannot see why you short above the BRN 8300.

I know you trade without indicators,

and I see a 4Hr Snr 'support' @8295.

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and if you follow the OP Big E post #281, there is no sell today


Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
> Weekly, Daily and H4 shows buy only with PA above its 10EMA
> Weekly is sideways with the WCC
> Daily made a strong bullish previous day and its PA is also above its 10EMA
> H4 is obvious


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,972
  • Mar 8, 2024 5:54am Mar 8, 2024 5:54am
It's going to be volatile in about 2 hours

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,973
  • Mar 8, 2024 5:58am Mar 8, 2024 5:58am
Quoting tommydoginti
{quote} NZDCAD was in buy bias as of BigE’s TMS method. Range low rejection with HHHL formation. {image}

@tommydog....


You need to zoom out and see the Big Picture and more of the PPA.

Your small mobile screen is your limitation when trading Price Action and Support/Resistance


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....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,974
  • Mar 8, 2024 7:25am Mar 8, 2024 7:25am
Quoting tommydoginti
{quote} NZDCAD was in buy bias as of BigE’s TMS method. Range low rejection with HHHL formation. {image}
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  • #145,975
  • Mar 8, 2024 11:43am Mar 8, 2024 11:43am
Quoting emmanuel7788
{quote} How many Price Action entries you missed yesterday. - note the TDI way above the 68-level .... - some traders like @tommydog... will blindly trade the TDI green cross down red when he thinks the market is overbought... - the Stoch(8,3,3) has its own story to tell {image} ...
I thought we not supposed to take a trade at 68, 60 and 40, 32 levels on TDI.
But it went up because of the news right?
  • #145,976
  • Mar 8, 2024 8:18pm Mar 8, 2024 8:18pm
Quoting Faustas
{quote} I thought we not supposed to take a trade at 68, 60 and 40, 32 levels on TDI. But it went up because of the news right?
Hi Faustas,

When trading BigE’s TMS method, there are a few considerations.

1. BigE avoided trading during time of red news. You can consider staying out of market during that time

2. During trading, BigE only refer to 1 time frame for analysis. Depending on Daily or H4/1, you can analyse the chart and enter at same timeframe

3. It is down to you whether you are more a reversal or trend trader. I am like some others liking reversals. BigE’s charts and posts indicates he traded both way.

It does not need a lot of trade to be profitable. I doubled my account with just 156 trades in 6 months. Taking some time off while go listen to Taylor Swift

Lastly, there were TMS buy setups on Daily, H1 reversal and trend following style. entry upon TDI cross up signals

trade well

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  • #145,977
  • Mar 9, 2024 7:03am Mar 9, 2024 7:03am
Quoting xonetrade
Strategy "One-Two" Recommended timeframes M15 This strategy is a variation of reversion strategies based on the "Bollinger Bands" indicator. The strategy is easy to master and uses a technical indicator pre-installed in any MT4 terminal. Therefore, standard instruments are all that a trader needs. The strategy is applicable to all currency pairs, such as EUR/USD, GBP/USD, AUD/USD, CAD/USD, NZD/USD, and USD/JPY. All popular time-frames may be applied: M15, M30, H1, H4, and D1. Indicators used: Bollinger Bands (Period 20, Shift 0, Deviation 2) - the...
I recognize this strategy from Kathy Lien's Day Trading and Swing Trading the Currency Market Chapter 9: Technical Strategy: Trading with Double Bollinger Bands

However I think you have a mistake in your Indicators
Indicators used:

  1. Bollinger Bands (Period 20, Shift 0, Deviation 1) - the green lines on the chart
  2. Bollinger Bands (Period 20, Shift 0, Deviation 2) - the orange lines on the chart

This thread is dedicated to Big E's Trading Made Simple (TMS) and not Bollinger band trading. I would be happy to follow your trading posts as I am also very interested in mean reversion/BB trading.

  • #145,978
  • Mar 9, 2024 3:50pm Mar 9, 2024 3:50pm
Quoting tommydoginti
{quote} Hi Faustas, When trading BigE’s TMS method, there are a few considerations. 1. BigE avoided trading during time of red news. You can consider staying out of market during that time 2. During trading, BigE only refer to 1 time frame for analysis. Depending on Daily or H4/1, you can analyse the chart and enter at same timeframe 3. It is down to you whether you are more a reversal or trend trader. I am like some others liking reversals. BigE’s charts and posts indicates he traded both way. It does not need a lot of trade to be profitable. I...
Thank you for reply Tommydoginti, I see that i need more experience with this strategy.
I don't see often good opportunities to trade, but maybe because I focus on daily charts.
How you have TDI on you phone, can you share it?
  • #145,979
  • Mar 9, 2024 8:03pm Mar 9, 2024 8:03pm
Quoting Faustas
{quote} I thought we not supposed to take a trade at 68, 60 and 40, 32 levels on TDI. But it went up because of the news right?

@Faustas

Whoever wrote those rules obviously did not understand the market conditions and how oscillators like the Stochastics, RSI and TDI work.

When you have more market knowledge and trading experience like the OP' 15+years trading experience you will become a rules-based discretionary trader like him.

Do you understand my post #145,949 , #145,950, #145,960,...

https://www.forexfactory.com/thread/...0#post14784480

https://www.forexfactory.com/thread/...5#post14784485

https://www.forexfactory.com/thread/...9#post14786259

There were many trade opportunities when you follow the OP' post#281and make the transition to trade the 4Hr and Daily
Trade only in the established trend and swing of the higher timeframes ... the 4Hr and the Daily.
Make sure the Weekly is not narrow range and has opportunity to break out.


Now review these charts and see how many entries you missed on Mar 07 and 08, after the Daily candle setup on Mar 06.

H4
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Daily
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When you have mastered the 5-Method, you do not need any TDI to trade and you can turn a $10,000 account to $50,000 easily, but this will take time. Trading is not a get rich fast scheme and not about doubling small account with high risk trading. You need a lot of experience and you need to have and develop your WINNING EDGE .




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,980
  • Mar 9, 2024 8:04pm Mar 9, 2024 8:04pm
Quoting emmanuel7788
{quote} @Faustas Whoever wrote those rules obviously did not understand the market conditions and how oscillators like the Stochastics, RSI and TDI work. When you have more market knowledge and trading experience like the OP' 15+years trading experience you will become a rules-based discretionary trader like him. Do you understand my post #145,949 , #145,950, #145,960,......

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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