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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

  • #147,181
  • Jul 9, 2024 5:24am Jul 9, 2024 5:24am
Quoting SnowManF
{quote} Thank you! everything is set up and configured following the manual! Which Timeframe do you recomend using for EA for 1Hr or 4Hr? because you mentioned for now i should trade only 4Hr so my EA rightnow it set to 4Hr or do you recommend using 1Hr? Also are you going to trade USD pairs during the Powel speech today or after?

Today' FED Powell testimony will just him reading from prepared script.
What happens next would be interesting if he does not indicate rate cut and the timeframe.

I am trading US Markets tonight my local time and early tomorrow morning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,182
  • Jul 9, 2024 5:27am Jul 9, 2024 5:27am
Quoting SnowManF
{quote} That would be awesome!!! Actually would love to come but i dont have enough funds to go one way ticket to Singapore from my country is around 500 to 700 euro. But with those words managed to set up TMS_V19! but the EA cant open TMS-osc histo might have downloaded the wrong one do you maybe know where i could find one?


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,183
  • Jul 9, 2024 6:22am Jul 9, 2024 6:22am
I took that short today on EURUSD. I saw that downtrend was created, altought bias was bullish. Bu anything haven´t suggested, that there´ll be opportunities for buys, so I was thinking about sells. In generally, it was a pretty simple trade, so my patience payed off.
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  • #147,184
  • Jul 9, 2024 7:01am Jul 9, 2024 7:01am
Quoting tommydoginti
{quote} Hi ZeruSwee, As of BigE’s TMS method, we are expecting price moving with >3 candles of same color (HA candle). Then you can follow post #647 Previous Highs and Lows Trend Enter at TDI cross signals in line of the trade direction. {image} {image}
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More examples on selling at TDI cross down signals upon LHLL downtrend formation, following BigE’s TMS method rules.


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  • #147,185
  • Jul 9, 2024 7:25am Jul 9, 2024 7:25am
TMS 8 pairs Weekly at New York Open 8am

- FED Chairman Powell will testify later today

- whatever he say will not change the Market Type ,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,186
  • Jul 9, 2024 7:30am Jul 9, 2024 7:30am
Quoting eelfranz
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... {image}

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EU Jul09 4Hr New York Open 8am

- follow simple rules for entry and exit

- PA is HA candle

- 5EMA is the direction

- PA below 5EMA is sell

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,187
  • Jul 9, 2024 7:55am Jul 9, 2024 7:55am
Quoting eelfranz
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle...
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{image}

Weekly chart determines the Market Type conditions Week 28

- Week 26 is a WCC Weekly Control Candle

- Week 27 failed to make higher high + higher Close, hence the WCC Week 26 has the 'control'

- with Week 26 Weekly candle high-low as possible support and resistance,

- this week 28 July 08 to July 12, we are trading in Sideways Range bound Market Type conditions.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,188
  • Jul 9, 2024 8:16am Jul 9, 2024 8:16am
Quoting emmanuel7788
{quote} {image} EU Jul09 4Hr New York Open 8am - follow simple rules for entry and exit - PA is HA candle - 5EMA is the direction - PA below 5EMA is sell {image} {image}
I have entered this trade few hours before right now came back and my mt4 chart should paint a new 4hr candle but for some reason it says new candle in 1hr... Weird. Also as you mention the market type should not change after news do you mean trending markets direction or from trending to ranging? And if trending markets direction not ganna change change wont EU be bullish soon?
  • #147,189
  • Jul 9, 2024 8:20am Jul 9, 2024 8:20am
Quoting emmanuel7788
{quote} XAU Jul09 H1 London 11:00am - H1 buy setup - TDI "Golden Cross" 1-minute before H1 candle close, {image} H1 closed, next candle opens... {image} ... ...

XAU Jul09 M15 New York 9am

- 1hr after NY open

- my favourite 5bar swing low with True REVERSAL candle



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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,190
  • Jul 9, 2024 10:51am Jul 9, 2024 10:51am
Does someone trade 4hr here trough the night? And how is it? Dont you get stopped out during the increase of spread/big jumps during the new day? And do you also set alarms to check charts every 4 hours?
  • #147,191
  • Jul 9, 2024 11:30am Jul 9, 2024 11:30am
přátelé chci se jenom optat furt v tom mám zmatek pro vstup když TDI kříží začátek 4hod.svíčky počítá se vstup tedy jen začátek svíčky nebo můžu vstoupit v průběhu třeba ve třetí hodině 4 hod. svíčky prosím mám zmatek
  • #147,192
  • Jul 9, 2024 11:48am Jul 9, 2024 11:48am
Quoting tommydoginti
{quote} {image} {image} More examples on selling at TDI cross down signals upon LHLL downtrend formation, following BigE’s TMS method rules. {image}
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Follow up on LHLL downtrend and enter at TDI cross down, TMS trade entries.

Use only 3 elements can still yield good results.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

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  • #147,193
  • Jul 9, 2024 11:58am Jul 9, 2024 11:58am
Quoting SnowManF
Does someone trade 4hr here trough the night? And how is it? Dont you get stopped out during the increase of spread/big jumps during the new day? And do you also set alarms to check charts every 4 hours?
I sometimes hold trades overnight, as I occasionally enter trades at my evening (TMS works on all timeframes and time of the day)

BigE traded TMS at 4H timeframe during his evening, which is Pacific Time Zone (UTC -7/8)

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I am in Hong Kong (UTC+8), so BigE’s evening is my 2pm ,6pm and 10pm, which is before London open and a bit after NY open.

I am not too worried about SL as TMS entries have high chance of in profit zone. My SL is between 5-20pips depending on setups and timeframes, but not really experienced hitting it due to spread spike, plus I rarely hold trades over weekend.
(which for my broker is ~6.5 pips during weekday, and 9-15pips over weekends.)

Hope it helps. Trade well
  • #147,194
  • Jul 9, 2024 3:41pm Jul 9, 2024 3:41pm
Quoting SnowManF
Does someone trade 4hr here trough the night? And how is it? Dont you get stopped out during the increase of spread/big jumps during the new day? And do you also set alarms to check charts every 4 hours?
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I sleep a minimum 6 hours every day therefore I will missed many of Big E' TMS 4Hr signals.

My night and your night are not the same.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,195
  • Jul 9, 2024 4:09pm Jul 9, 2024 4:09pm
Quoting SnowManF
Does someone trade 4hr here trough the night? And how is it? Dont you get stopped out during the increase of spread/big jumps during the new day? And do you also set alarms to check charts every 4 hours?

the next 4hours ... will you be awake?

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Kiwi pairs, Daily

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,196
  • Jul 9, 2024 5:11pm Jul 9, 2024 5:11pm
Quoting tommydoginti
{quote} I sometimes hold trades overnight, as I occasionally enter trades at my evening (TMS works on all timeframes and time of the day) BigE traded TMS at 4H timeframe during his evening, which is Pacific Time Zone (UTC -7/8) {image} I am in Hong Kong (UTC+8), so BigE’s evening is my 2pm ,6pm and 10pm, which is before London open and a bit after NY open. I am not too worried about SL as TMS entries have high chance of in profit zone. My SL is between 5-20pips depending on setups and timeframes, but not really experienced hitting it due to spread...

Hey Folks

We got to learn from the OP who has more than 15+ years experience and do not trash those trash charts.

[quote=eelfranz;4441200]2scoops, That chart is trash... untradeable in that low of consolidation. We need to get you trading on the Daily chart. Trading the Asian session is tough to begin with... and only having an hour is worse. Start Demo trading Daily charts... same rules. You may only get 1 or 2 trades a week but they will run several days each and make a lot of pips. Make sure to use a S/L...[quote]

This is the trash chart the OP was referring to.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,197
  • Jul 9, 2024 5:21pm Jul 9, 2024 5:21pm
Quoting emmanuel7788
{quote} Hey Folks We got to learn from the OP who has more than 15+ years experience and do not trash those trash charts.
Quoting eelfranz
2scoops, That chart is trash... untradeable in that low of consolidation. We need to get you trading on the Daily chart. Trading the Asian session is tough to begin with... and only having an hour is worse. Start Demo trading Daily charts... same rules. You may only get 1 or 2 trades a week but they will run several days each and make a lot of pips. Make sure to use a S/L...
Quote
This is the trash chart
...

AUDUSD Jul10 H1 SYD 8am local

- two days did not break high,

- Weekly trend is UP

- Daily is ranging to the upside bias

- Follow Weekly price action

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,198
  • Jul 10, 2024 12:03am Jul 10, 2024 12:03am
Quoting emmanuel7788
{quote}{quote}{quote} AUDUSD Jul10 H1 SYD 8am local - two days did not break high, - Weekly trend is UP - Daily is ranging to the upside bias - Follow Weekly price action {image} ...
AU Jul10 H1

- Price ACtion is leading indicator over TDI

- H4 Price Action engulfing bar/candle

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,199
  • Jul 10, 2024 12:05am Jul 10, 2024 12:05am
EG Jul10 H1 London 6am

- Price Action DBHLC

- this is not tradeable when the market has been in consolidation for many hours

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,200
  • Jul 10, 2024 12:07am Jul 10, 2024 12:07am
Quoting emmanuel7788
{quote}{quote}{quote} AUDUSD Jul10 H1 SYD 8am local - two days did not break high, - Weekly trend is UP - Daily is ranging to the upside bias - Follow Weekly price action {image} ...
I Have entered 4hr tripple amigo longs eu gu au. ganna manage my money by the system you have shared in the video.
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