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

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Trading Made Simple

  • #149,281
  • Jan 12, 2025 3:56pm Jan 12, 2025 3:56pm
Quoting emmanuel7788
{quote} @lynnc You got that wrong again. You have no clue what the Weekly pink candles are. Better you stick to what you know in your own trading and charts. ...
Wow!! Someone is not in a good frame of mind for trading at the very start of 2025.
  • #149,282
  • Jan 12, 2025 4:31pm Jan 12, 2025 4:31pm
Quoting Webb1003
Ive read through only the first 10 pages or so of this thread. If im jumping the gun here on asking for the update on which indicators to use then so be it. But im curious to follow along the lessons learned through all of the pages with the indicators running on a chart on a side monitor. As ive read through the posts, it seems the indicators have updated through time (ofcourse) Any links to the updated Indicators used in This simple method would be greatly appreciated and will help with learning and following along. Its easier to remember information...

jump to post #2617 and make your own conclusion.

https://www.forexfactory.com/thread/...18#post4619118

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,283
  • Jan 12, 2025 4:38pm Jan 12, 2025 4:38pm
Quoting lynnc
{quote} Aah ok thanks I didn't realise it was the HA candle
Quoting lynnc
{quote}Wow!! Someone is not in a good frame of mind for trading at the very start of 2025.
@lyncc

2025 is still very new. We are only in Week 03 now and market liquidity will begin to increase grow this week..

Read the OP' posts starting at post #1 and give yourself one last chance to Trading Made Simple and learn how to use the HA candles. HA candles work in all timeframes. Make sure you read all his posts up to page 646 post #12,912.

The OP mentioned in his post #1:
"We only use Heiken Ashi candles... that's important."


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,284
  • Jan 12, 2025 4:58pm Jan 12, 2025 4:58pm
Quoting kevinfeng
Week 03 Trading Plan: 1.EURUSD 2.GBPJPY 3.NZDCAD {image} {image}

Trading Made Simple Week 03, Jan 13 to 17

System strategy TMS MEME and TMS_EVO_IX

Group 1
EURUSD
AUDUSD
GBPUSD

Group 2
EURCAD

Group 3
GBPAUD

Group 4
GBPJPY

Group 5
- none-


Group 7
XAUUSD
BTCUSD
S&P500

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,285
  • Jan 12, 2025 5:22pm Jan 12, 2025 5:22pm
Week 03, Jan 13 to 19

- 'big' news provide the volatility but will not change the Market Type this week

- we will know only after the market closes on Friday New York 5pm if there would be a change

Attached Image (click to enlarge)
Click to Enlarge Name: FF Cal Jan 13 to 19 13-1-2025 9-18-44 am.png Size: 30 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,286
  • Jan 12, 2025 5:56pm Jan 12, 2025 5:56pm
Quoting emmanuel7788
{quote} Trading Made Simple Week 03, Jan 13 to 17 System strategy TMS MEME and TMS_EVO_IX Group 1 EURUSD AUDUSD GBPUSD Group 2 EURCAD Group 3 GBPAUD Group 4 GBPJPY Group 5 - none- Group 7 XAUUSD BTCUSD S&P500 ...
Hi Sir,
Thank you for sharing the selection of currency pairs to trade for this new Week 03. They are useful and provide some insights for selecting the pairs.
My pick for this week is different from yours. Not sure if i chose them correctly. I am still learning on how to screen the pairs on a weekly chart.

Week 03
- GBPUSD, EURNZD, GBPCAD, USDJPY, AUDCAD
  • #149,287
  • Jan 12, 2025 7:28pm Jan 12, 2025 7:28pm
Quoting emmanuel7788
Week 03, Jan 13 to 19 - 'big' news provide the volatility but will not change the Market Type this week - we will know only after the market closes on Friday New York 5pm if there would be a change {image} ...
Yes very true.
"With God all things are possible"
  • #149,288
  • Jan 14, 2025 4:30pm Jan 14, 2025 4:30pm
Quoting ahlim1708
{quote} Hi Sir, Thank you for sharing the selection of currency pairs to trade for this new Week 03. They are useful and provide some insights for selecting the pairs. My pick for this week is different from yours. Not sure if i chose them correctly. I am still learning on how to screen the pairs on a weekly chart. Week 03 - GBPUSD, EURNZD, GBPCAD, USDJPY, AUDCAD
@ahlim1708

We never know if the pairs we picked are the correct ones.

I pick only the pairs which has potential to run into +9R to +12R profits.

To do the pair selection, you first need to do your Big Picture Plan for all pairs and see the Monthly price levels.

Next, is the Weekly Top Down Analysis WTDA which we do every weekend after New York closed on Friday 5pm.

WTDA will be used to determine the Market Type conditions:
- Trending
- Sideways Wide-Ranged
- Sideways Narrow-Ranged

Analyse all pairs in each of the groups I mention in post #149,277
https://www.forexfactory.com/thread/...6#post15113486

Pick only one pair from each group and maximum five pairs to trade in the week.


Money Management and Risk Control is very important. How you allocate your trading account deposit is important and knowing when to add-on on trades and 'Let Profits Run' is key to growing an account.
'Cut Losses Short' is simple and easy with 2CLB rule and you never hold on to trades for more than two weeks.
You need years of trading experience here and learn to manoeuvre your trades and account when trading in real-time live market conditions.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,289
  • Jan 18, 2025 8:31pm Jan 18, 2025 8:31pm
week 03
got some pips on GBPJPY && EURCAD



BUT AUDCAD and EURCAD ON DEEP retracement and AUDCAD have opened 5 ME positions.
There are red news and datas of CAD NEXT week so hope to have chance to exit with profit then.
if not, plan to close ME1/ME2 when price keep going up and break MN swing line(0.8983).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYcH420250119.png Size: 41 KB
Click to Enlarge Name: AUDCADcH420250119.png Size: 44 KB
  • #149,290
  • Jan 19, 2025 1:02am Jan 19, 2025 1:02am
Who used this trading system for at least 1 year and made profit longterm? Can post proof?


Regards
Hitman
  • #149,291
  • Jan 19, 2025 4:45am Jan 19, 2025 4:45am
Quoting kevinfeng
week 03 got some pips on GBPJPY && EURCAD BUT AUDCAD and EURCAD ON DEEP retracement and AUDCAD have opened 5 ME positions. There are red news and datas of CAD NEXT week so hope to have chance to exit with profit then. if not, plan to close ME1/ME2 when price keep going up and break MN swing line(0.8983). {image} {image}
@kevinfeng

You need to consider to include another 3 pairs from the other groups ... USD, JPY and GBP cross to complete your system trading strategy.

https://www.forexfactory.com/thread/...6#post15113486


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,292
  • Jan 19, 2025 4:51am Jan 19, 2025 4:51am
Quoting emmanuel7788
{quote} Trading Made Simple Week 03, Jan 13 to 17 System strategy TMS MEME and TMS_EVO_IX Group 1 EURUSD AUDUSD GBPUSD Group 2 EURCAD Group 3 GBPAUD Group 4 GBPJPY Group 5 - none- Group 7 XAUUSD BTCUSD S&P500 ...
Week 04

To continue with these same pairs next week Jan 20 to 24.

Group 1 EURUSD AUDUSD GBPUSD
Group 2 EURCAD
Group 3 GBPAUD
Group 4 GBPJPY

140 Trades closed Jan 02 to 17

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Blessing3 140 trades closed Jan19 19-1-2025 2-39-27 pm.png Size: 14 KB



Attached Image (click to enlarge)
Click to Enlarge Name: myfxbook 748969 Currencies popularity Jan Jan19 19-1-2025 2-34-08 pm.png Size: 6 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,293
  • Jan 19, 2025 4:54am Jan 19, 2025 4:54am
Quoting emmanuel7788
{quote} @kevinfeng You need to consider to include another 3 pairs from the other groups ... USD, JPY and GBP cross to complete your system trading strategy. https://www.forexfactory.com/thread/...6#post15113486 ...
Hi, emmanuel
next week i plan to add GBPAUD GBPJPY USDCAD to trading list.
also, do you mean that thading 5-6 pairs at same time can reduce the risk of MEME METHOD?
thank you.
  • #149,294
  • Jan 19, 2025 4:59am Jan 19, 2025 4:59am
Quoting kevinfeng
{quote} Hi, emmanuel next week i plan to add GBPAUD GBPJPY USDCAD to trading list. also, do you mean that thading 5-6 pairs at same time can reduce the risk of MEME METHOD? thank you.

Yes.
The system trading strategy is to trade several pairs in one same account by allocation your trading deposit to each pair.

In my case, I have 6 pairs with open baskets and 68% win rate and 140 closed trades.

Attached Image (click to enlarge)
Click to Enlarge Name: myfxbook 748969 win rate 140 trades 19-1-2025 2-34-39 pm.png Size: 11 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,295
  • Jan 19, 2025 12:59pm Jan 19, 2025 12:59pm
Quoting kevinfeng
week 03 got some pips on GBPJPY && EURCAD BUT AUDCAD and EURCAD ON DEEP retracement and AUDCAD have opened 5 ME positions. There are red news and datas of CAD NEXT week so hope to have chance to exit with profit then. if not, plan to close ME1/ME2 when price keep going up and break MN swing line(0.8983). {image} {image}
Hello kelvin id like to know how you were able to integrate the higher time frame and the lower time frame in your charts.. is that the trading view platform? thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 86 KB
  • #149,296
  • Jan 19, 2025 10:18pm Jan 19, 2025 10:18pm
Why trade this early in the week ?? Its T.F.U. week. T for trump, you can work the rest out. Surely.

Who or what to follow is a joke! Have a look at this link & think about it. It has made my day & then some.

Ep. 1321: Sharpen Your Analytical Thinking with Michael Covel on Trend Following Radio
  • #149,297
  • Jan 20, 2025 5:53pm Jan 20, 2025 5:53pm
Quoting Jagtrade
Why trade this early in the week ?? Its T.F.U. week. T for trump, you can work the rest out. Surely. Who or what to follow is a joke! Have a look at this link & think about it. It has made my day & then some. Ep. 1321: Sharpen Your Analytical Thinking with Michael Covel on Trend Following Radio

@Jagtrade

Your first post in 24 years since joining Forex Factory.



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,298
  • Jan 21, 2025 4:27pm Jan 21, 2025 4:27pm
Quoting emmanuel7788
Week 03, Jan 13 to 19 - 'big' news provide the volatility but will not change the Market Type this week - we will know only after the market closes on Friday New York 5pm if there would be a change {image}

Attached Image (click to enlarge)
Click to Enlarge Name: FF Cal Week04 19-1-2025 8-53-48 pm.png Size: 39 KB



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Very busy week catching up with all the executive orders and surprises to start with Trump' first week in office...

good time to review the market as we approach mid-week today.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS pairs Wed Jan 22 22-1-2025 8-22-09 am.png Size: 53 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,299
  • Jan 21, 2025 4:39pm Jan 21, 2025 4:39pm
Quoting emmanuel7788
{quote} Very busy week catching up with all the executive orders and surprises to start with Trump' first week in office... good time to review the market as we approach mid-week today. {image} ... {image}
My focus for 2025/2026/2027 the next 3-years trading cycle.

Attached Image (click to enlarge)
Click to Enlarge Name: Indices key focus 2025 22-1-2025 8-32-31 am.png Size: 52 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,300
  • Jan 21, 2025 5:05pm Jan 21, 2025 5:05pm
Quoting emmanuel7788
{quote} Week 04 To continue with these same pairs next week Jan 20 to 24. Group 1 EURUSD AUDUSD GBPUSD Group 2 EURCAD Group 3 GBPAUD Group 4 GBPJPY 140 Trades closed Jan 02 to 17 {image} {image} ...
Week 04 UPDATE Jan 22:

- market looks threatening this week so be prepared to cut-some-losses when need to ...

- use parameter Shutdown set to true when basket closes then review if you want to continue with FMC setting,

Attached Image (click to enlarge)
Click to Enlarge Name: TMS EVO 6pairs Week04 22-1-2025 9-01-32 am.png Size: 42 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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