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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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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

  • #149,161
  • Nov 19, 2024 10:24am Nov 19, 2024 10:24am
Quoting emmanuel7788
{quote} {quote} First, you look at the economic calendar, {image} Then next, you look at the CAD pairs, For example USADCAD below. it is too early to build sell positions wait till PA is in the Davits' zone {image} In the meantime, what do Trading Made Simple traders do? we can trade the 4Hr setups at Pacific 10PM and 2AM, and close at 6am we can trade TMS with multiple entries multiple exits using Blkessing3 EA FMC=0 we can trade the 1Hr around news time we can do nothing, stay sidelined and watch {image} For those interested in Trading Made Simple...
Very interesting. I use a similiar EA to manage my manual entries but cant work out how to do it with Blessing EA. The trades I open works independently (Im using version .27)
  • #149,162
  • Nov 19, 2024 8:11pm Nov 19, 2024 8:11pm
Quoting emmanuel7788
{quote} EURNZD Week 47 sell zone R61 and R78 {image}

Attached Image (click to enlarge)
Click to Enlarge Name: EN Nov18 Weekly Pivot R68 18-11-2024 7-27-56 pm.png Size: 21 KB


...
EURNZD Nov20 UPDATE Tokyo 11am

 

  1. 150pips pulled back from the sell zone
  2. with more to come
  3. exit at S61 if the market is kind to us this week


Attached Image (click to enlarge)
Click to Enlarge Name: EN Nov19 150pips lulled back from 20-11-2024 10-06-05 am.png Size: 21 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,163
  • Nov 19, 2024 8:37pm Nov 19, 2024 8:37pm
Quoting lynnc
Nearly 24 hours on this trade. Gcad {image}

@lyncc

 

  1. You got lucky again with your sell and did not follow TDI for exit and also your prediction trendline when the PA bounced from that trendline
  2. why draw a trendline after you have entered sell ?
  3. you traded when the price action shows a big candle with small candles...aka CONSOLiDATIO
  4. chart pattern Price Action did not confirm a Head and Shoulders, the left shouled and the head but the right shoulder no seen yet at your entry
  5. you market order sell entry into the Day Open.. market can bounce off Day Open
  6. IF you look to the left of your chart, it has been choppy for many hours obviously the market type remain choppy until the next news hour


Attached Image (click to enlarge)
Click to Enlarge Name: lyncc GCad trendline after the selle entry 20-11-2024 10-25-07 am.png Size: 66 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,164
  • Nov 19, 2024 10:11pm Nov 19, 2024 10:11pm
Quoting emmanuel7788
{quote} hey @tommydog.... I see you are still having serious problems in managing your emotions - your jealousy, your anger and your hatred here. Using the MACD is not stupid at all. MACD is just one of many common indicators you will find in most trading platform and also will run in mobile platforms. You do not need to re-invent the wheel with your RSI(13)/MA(2) and Ma(7) to replicate the TDI in your mobile MT4. MACD(2,13,7) is the better solution and has been around for many since since Dean Malone started to sell his TDI indicator in 2006. The...
hi, emmanuel7788
in all of your posts about macd 2 13 7 how do you get the green line on it ? thank you!
  • #149,165
  • Nov 20, 2024 12:29am Nov 20, 2024 12:29am
Quoting emmanuel7788
{quote} @lyncc You got lucky again with your sell and did not follow TDI for exit and also your prediction trendline when the PA bounced from that trendline why draw a trendline after you have entered sell ? you traded when the price action shows a big candle with small candles...aka CONSOLiDATIO chart pattern Price Action did not confirm a Head and Shoulders, the left shouled and the head but the right shoulder no seen yet at your entry you market order sell entry into the Day Open.. market can bounce off Day Open IF you look to the left of your...
I drew the trendline because I wanted to make sure it closed under it before deciding whether to take the trade out for what I had and it closed underneath it and didn't close back above it so I stayed in. Funny thing that, I always draw trendlines even after I've entered to make sure its still going to go the way I think. I enter on the TDI, I have never once exited on the TDI. I was looking for a sell so was looking at H4 to see where it might turn around, H4 was a sort of doji, the TDI bent over on H4 so I entered on m30. I don't look for a head and shoulders to be in the middle of price action, it needs to be at the top of a move so not sure why you've mentioned a head and shoulders. The days open I take into account but as price had bounced off it twice already there is a fair chance it will go through next time as long as you're with the trend.

Shall we discuss your crap DIB setup on GU yesterday now?
  • #149,166
  • Nov 20, 2024 2:54am Nov 20, 2024 2:54am
Quoting lynnc
{quote}///Shall we discuss your crap DIB setup on GU yesterday now?
@lyncc

YES!

Please lets discuss what you see on your GU H1 chart and how you would trade that crap DIB.

Quoting emmanuel7788
GU Nov19 H1 New York open DIB setup {image} ...
Attached Image (click to enlarge)
Click to Enlarge Name: GU Nov19 H1 DIB NYO 19-11-2024 9-38-32 pm.png Size: 22 KB





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,167
  • Nov 20, 2024 3:11am Nov 20, 2024 3:11am
Quoting emmanuel7788
{quote} @lyncc YES! Please lets discuss what you see on your GU H1 chart and how you would trade that crap DIB. {quote} {image} ...
Firstly, I wouldn't go in for a buy on H1 until I saw the H4 was at least looking like turning which didn't happen until the current H4 candle closed at 16:00 chart time with an inverted hammer.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4-19-11.png Size: 47 KB


Then I would go to H1 and look for signs of H1 turning which happened at 17:00.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1-19-11.png Size: 41 KB


Depending on the kind of candle the h1 was I might then go down to m30 or m15 to see if there is a bounce or cross of the tdi plus a decent candle, then enter.
Thats the way I trade all my charts.
  • #149,168
  • Nov 20, 2024 6:05am Nov 20, 2024 6:05am
Quoting lynnc
{quote} Firstly, I wouldn't go in for a buy on H1 until I saw the H4 was at least looking like turning which didn't happen until the current H4 candle closed at 16:00 chart time with an inverted hammer. {image} Then I would go to H1 and look for signs of H1 turning which happened at 17:00. {image} Depending on the kind of candle the h1 was I might then go down to m30 or m15 to see if there is a bounce or cross of the tdi plus a decent candle, then enter. Thats the way I trade all my charts.

@lyncc

reading all the crap you wrote in your discussion post above it is evident why you not been profitable the last 5+ years here.

you have not mastered Big E' 5-Method which he mentioned in his post #160.
Trading Made Simple is easy only if you have the chartist skills.

there is no such nonsense like looking for turning point in H4 and in H1. You missed completely the core elements the OP mention in his post #647.

In post #647 it is about consolidation, it is about support and resistance, it is about short term trend and long term trend,

Look at your H4 again. Do you see the Weekly support and the H4 rejection candle?

You have not spend the two years like he said in his post #2167. If you had read all his posts and have taken notes, then you would have easily seen the H1 DIB setup as higher timeframe support and resistance have high win rate. There is no need to go down to M30 and M15 when you have done your own study of old charts going back to 2010.

You have to start all over again and do like the OP said in his post#12,912.

Make sure you use his chart template and TMS 5-Method basics mention ins post #261.


Attached Image (click to enlarge)
Click to Enlarge Name: Big E #12,912.png Size: 22 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,169
  • Nov 20, 2024 6:09am Nov 20, 2024 6:09am
Quoting emmanuel7788
GU Nov19 H1 New York open DIB setup {image}

Attached Image (click to enlarge)
Click to Enlarge Name: GU Nov19 H1 DIB NYO 19-11-2024 9-38-32 pm.png Size: 22 KB


...
GU Nov 19 H1 DIB trades closed

 

  1. 4 entries 4 exits
  2. $620.16 profit
  3. added to my daily total $2508.51


Attached Image (click to enlarge)
Click to Enlarge Name: Trades closed Nov19 GU DIB 20-11-2024 5-07-04 pm.png Size: 375 KB

 

  1. that's good money trading the crap DIB setup


...

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,170
  • Nov 20, 2024 8:26am Nov 20, 2024 8:26am
Quoting emmanuel7788
{quote} @lyncc reading all the crap you wrote in your discussion post above it is evident why you not been profitable the last 5+ years here. you have not mastered Big E' 5-Method which he mentioned in his post #160. Trading Made Simple is easy only if you have the chartist skills. there is no such nonsense like looking for turning point in H4 and in H1. You missed completely the core elements the OP mention in his post #647....
I really don't know why I would need to read all of eelfranz's posts again just to ignore the TDI. Doesn't make a lot of sense to me.
Not sure how the h4 looking like it will turn can not exist, because I trade that way all the time, seems to work nicely here thank you. Carry on picking fights to your hearts content Emmanuel, you're not going to get under my skin.
  • #149,171
  • Nov 20, 2024 8:28am Nov 20, 2024 8:28am
Quoting emmanuel7788
{quote} GU Nov 19 H1 DIB trades closed 4 entries 4 exits $620.16 profit added to my daily total $2508.51 {image} that's good money trading the crap DIB setup ... {image}
It may be good money but its terrible R:R. To grab 20 pips when you had already been in ~25 pips of drawdown is not great trading, sorry to have to break it to you, I think I will stick with my way of doing it, I'm not keen on drawdown and I prefer a better R:R.
  • #149,172
  • Edited 4:50pm Nov 20, 2024 4:25pm | Edited 4:50pm
USDJPY H4 SL hit. TDI and Stoch both looked good and price had room to go up. Longer timeframes support uptrend.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 64 KB
  • #149,173
  • Nov 20, 2024 7:25pm Nov 20, 2024 7:25pm
Quoting shertiger
USDJPY H4 SL hit. TDI and Stoch both looked good and price had room to go up. Longer timeframes support uptrend. {image}

Monthly and Weekly in favour but the Daily has been choppy therefore difficult to handle the intra-week volatility trading with single entry and small stop loss.

The Money Management strategy for such market conditions is TMS MEME and TME EVO IX

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Nov21 H4 review 21-11-2024 9-13-19 am.png Size: 27 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,174
  • Nov 20, 2024 7:36pm Nov 20, 2024 7:36pm
Quoting lynnc
{quote}I really don't know why I would need to read all of eelfranz's posts again just to ignore the TDI. Doesn't make a lot of sense to me. ///
@lyncc

Reading all the OP posts in this thread is important for you:

1) because you have been losing money the 5+years.

2) you need to learn how to read he candles on chart which the chartist skills of the 5-Method traders.

3) reading all the posts does not mean you have to ignore the TDI.

4) learning from all the OP posts by taking notes and studying his charts will help you become a better trader and may even help you recover all the losses you suffered in the last 5+ years.

5) when you read all his posts in this thread, it will lead you to beginning of the OP' trading journey as a forex newbie back in 2006, that's is where you are today after more than 5+ years.

Take your time. Start all over again at post #1 of this thread.

Let's review again starting in January 2025, see whether you can achieve what he mentioned in his post #495 below.
First milestone for you is to achieve 60 to 65% in two months.


Attached Image (click to enlarge)
Click to Enlarge Name: Big E #495.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,175
  • Nov 20, 2024 7:46pm Nov 20, 2024 7:46pm
Quoting lynnc
{quote}/// Carry on picking fights to your hearts content Emmanuel, you're not going to get under my skin.
@lyncc

I m not here to pick fights with anyone.

I am here the past 12+ years to help others which the OP mentioned in his post #1.

I have the track record doing what the OP has done since he started in 2006.

[quote=eelfranz;4569574]// You'll learn down the road that most of the stuff you have learned in the past is crap. I did. The list of rules in most methods will keep most dizzy... never building confidence... without confidence in your entries and exits you have nothing worth while. We have a group of great traders who have been trading this method for 6-8 months already who will help you jumping in to answer your questions too. I am very protectful of all our members. We don't have a stressful thread... no name calling allowed. ///[ quote]

I am embedded under your thick skin for very long time and will remain embedded deep inside until I see you achieve #495 next year.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,176
  • Nov 20, 2024 7:54pm Nov 20, 2024 7:54pm
Quoting emmanuel7788
Week 47, Another good week to trade ... {image} ... ...

Week 47,

today and tomorrow ...

Attached Image (click to enlarge)
Click to Enlarge Name: FF Cal Nov21 21-11-2024 9-52-43 am.png Size: 35 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,177
  • Nov 20, 2024 8:04pm Nov 20, 2024 8:04pm
[quote=lynnc;15065595]{quote}It may be good money but its terrible R:R. To grab 20 pips when you had already been in ~25 pips of drawdown is not great trading, sorry to have to break it to you, I think I will stick with my way of doing it, I'm not keen on drawdown and I prefer a better R:R.[/quotehey

@lyncc

More of your crap narrative.

There is no such nonsense as terrible R:R.

Read the OP posts and learn from him about to observe how the pair breathe, etc.
I do not worry about 25 pips floating drawdown when I have my Position Size done and with my winning system EXPECTANCY above 3.0.

What is your last 5+years losing EXPECTANCY?

Just go back and look at your own post.
Holding on to your losing trade overnight and hope and pray that it will go into profit.
The GAP down would have taken out you Stop Loss.

https://www.forexfactory.com/thread/...7#post15033547
Attached Image (click to enlarge)
Click to Enlarge Name: lyncc GU buy Oct17 POMO 19-10-2024 6-31-05 am.png Size: 71 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,178
  • Edited 8:49pm Nov 20, 2024 8:09pm | Edited 8:49pm
Quoting emmanuel7788
{quote} Monthly and Weekly in favour but the Daily has been choppy therefore difficult to handle the intra-week volatility trading with single entry and small stop loss. The Money Management strategy for such market conditions is TMS MEME and TME EVO IX {image} ...
Thanks Emmanuel appreciate the feedback. Do you have links to TMS MEME and TME EVO IX?
  • #149,179
  • Nov 20, 2024 8:55pm Nov 20, 2024 8:55pm
USDCHF trade just hit SL H4 timeline. TDI and Stoch both looked good and price had room to go up. Longer timeframes support uptrend.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 62 KB
  • #149,180
  • Nov 20, 2024 9:43pm Nov 20, 2024 9:43pm
Quoting emmanuel7788
{quote} GU Nov 19 H1 DIB trades closed 4 entries 4 exits $620.16 profit added to my daily total $2508.51 {image} that's good money trading the crap DIB setup ... {image}
congratulations great results! you could have targeted 270 do you think it's going to reach it back soon?
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