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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

  • #5,221
  • Jun 10, 2011 8:15pm Jun 10, 2011 8:15pm
Quoting plamendp
My fear saved my a*s :-)

Almost got cought today by this nice DOWN Bounce (trap behind as appeared later). Got over the temptation and stayed out.. again. Huh...

Have a nice weekend!


Plamen
Hi, Plamen, wondering how would you have the bar chart, and Synergy candle at different window? I notice you posted earlier on, but i can't find it while I go through the earlier posts, can you repost it again?

Thank you very much.
  • #5,222
  • Edited 5:08am Jun 11, 2011 4:17am | Edited 5:08am
Quoting dean
cheers mate. Yeah I didnt mean to sound like a whinger....its nothing really but thanks for your well wishes.
I understand they are not part of the system, but trend lines and S/R are my main focus on the 4x basic side so this will help me. I tend to overanalyse and miss trades becasue I see too much S/R and I miss trades so this might actually make it clearer for me. Thanks for that.
Its a very simple strategy but just look for TMS long setups near strong areas of support/trend channel bottoms and TMS short setups near strong areas of resistance and the tops of trend channels. Just be a bit careful of weak angles on the green and small "setup" candles.
  • #5,223
  • Jun 11, 2011 4:55am Jun 11, 2011 4:55am
Hi,
I saw some post about using this method with Ninja Trader.
Can someone provide, please, if available TDI for NT ?
  • #5,224
  • Edited 2:35pm Jun 11, 2011 5:17am | Edited 2:35pm
These are my 2 cents inputs for filtering H4 setups on this method :

1. look for D1 and W1 both having STO on the same side of 50%. (this define a strong trend)
2. wait for a H4 pullback (contrarian of the trend from point 1)-minimum 23% percent FIB retracement
3. enter after HA candle change color after the pullback pull back , indicating the return of the trend in the same direction as point 1.
4 (optional but high rewarding) drill down to a lower TF -H1 or M15- and enter from here setting target accordingly with H4 TF (0% and -27% FIB retracement/extension )
  • #5,225
  • Jun 11, 2011 7:11am Jun 11, 2011 7:11am
trade what we saw.
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  • #5,226
  • Jun 12, 2011 7:36am Jun 12, 2011 7:36am
Hello everyone,
Hello eelfranz,
First of all, thank you very much for sharing your trading method with us.
I found this forum about a week ago, and I’m only on page 100. It’s only more 249 pages to go,…, but I have a question that I didn’t see it till page 100, and I can wait all that pages to continue studying charts. I hope you understand.
Referring to the rule of momentum, where you say 12-2 for a buy and 4-6 for a sell, you are very rigid with the formation of these two lines?
Is it valid also having a 13-15 or a 14-15 for a buy setup and a 15-17 or 16-17 for a sell setup?
Thank you very much.
Best to all.
Vitor Tavares.
  • #5,227
  • Jun 12, 2011 9:17am Jun 12, 2011 9:17am
Quoting vicmedeiros
Hello everyone,
Hello eelfranz,
First of all, thank you very much for sharing your trading method with us.
I found this forum about a week ago, and I’m only on page 100. It’s only more 249 pages to go,…, but I have a question that I didn’t see it till page 100, and I can wait all that pages to continue studying charts. I hope you understand.
Referring to the rule of momentum, where you say 12-2 for a buy and 4-6 for a sell, you are very rigid with the formation of these two lines?...

Avoid 2-4h, it's weak momentum! You will be trapped, most probably it is ranging!

Plamen
Bah...
  • #5,228
  • Jun 12, 2011 9:18am Jun 12, 2011 9:18am
This has been answered a million times, don't trade weak angles on the green. You really want the angle to be as close to a 12 (long) and 6 (short) as possible, don't trade angles that look worse than a 2 or a 4. I aim for 1 and 5 angles or better.
  • #5,229
  • Jun 12, 2011 10:14am Jun 12, 2011 10:14am
Quoting plamendp
Avoid 2-4h, it's weak momentum! You will be trapped, most probably it is ranging!

Plamen
Does anyone know what number on the histogram cross equates to a cross at 12-1 o'clock and 5-6 o'clock?
  • #5,230
  • Jun 12, 2011 1:16pm Jun 12, 2011 1:16pm
Quoting mackaozy
Does anyone know what number on the histogram cross equates to a cross at 12-1 o'clock and 5-6 o'clock?
++++++++++++++++++++++++++++++++

Unless I don't understand the question, the answer is infinity. 0-100 is the scope of the histogram. At any point in time the RSI line could be anywhere between 0 & 100, which would not help in the "Clock Time" analogy.

Each hour, on an analog clock represents 30°, based on a full circle being 360°. Therefore:
1=30°
2=60°
4=120°
5=150°

What we are looking for are angles between 0° & 60° (12-2 o'clock) for a long, or 120° to 180° (4-6 o'clock) for a short.

Hope this answers your question.
Darryl
  • #5,231
  • Jun 12, 2011 1:21pm Jun 12, 2011 1:21pm
Second Hand Examples:
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  • #5,232
  • Jun 12, 2011 5:30pm Jun 12, 2011 5:30pm
Please, How I can fix this? Already change TM, rebood MT4, put indi again, but nothing solve this.

Tks for help.
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  • #5,233
  • Jun 12, 2011 5:39pm Jun 12, 2011 5:39pm
Quoting astom
Please, How I can fix this? Already change TM, rebood MT4, put indi again, but nothing solve this.

Tks for help.
Mark this text and delete. Сlick update.
  • #5,234
  • Jun 12, 2011 5:43pm Jun 12, 2011 5:43pm
Tks man!!! SOLVED!!

Green pips to you.
  • #5,235
  • Jun 12, 2011 5:48pm Jun 12, 2011 5:48pm
Hi folks, hope everybody had a good weekend.

Does anybody have any advice on what to do when multiple trades present themselves on the same curreny? Right now there are several good looking trades shorting the Euro on th daily chart - AUD, GBP, CAD, USD.

Do you go in on all of them regardless, and trust the system. Or do you just do one or two of them?

Thanks for your advice.
  • #5,236
  • Jun 12, 2011 6:10pm Jun 12, 2011 6:10pm
Quoting gh16
Hi folks, hope everybody had a good weekend.

Does anybody have any advice on what to do when multiple trades present themselves on the same curreny? Right now there are several good looking trades shorting the Euro on th daily chart - AUD, GBP, CAD, USD.

Do you go in on all of them regardless, and trust the system. Or do you just do one or two of them?

Thanks for your advice.
I asked the same question and was told to 'E' just goes for it, so this is what I do. Of course being wary of the differing s/r levels etc...
  • #5,237
  • Jun 12, 2011 6:17pm Jun 12, 2011 6:17pm
Quoting Slymm
I asked the same question and was told to 'E' just goes for it, so this is what I do. Of course being wary of the differing s/r levels etc...
thanks Slymm - they all look solid, and if it's good enough for E, then i'm in!

gone short on GBP, CAD and USD, so fingers crossed!
  • #5,238
  • Jun 12, 2011 6:19pm Jun 12, 2011 6:19pm
Quoting adeforex
I am not changing big E rule but just more technical.
I BELIEVE MUCH IN MOMENTUM TRADING ALONG THE TREND...........
Most of the trades that gave me big moves are london season, then followed by american season.
Now, what really helped me more was the bounce trade on 1hr and 4hr. That is why my tp is around 50-70 pips. I am very comfortable with it. Over 80% of my wins are bounce.(may be i will stick to that, since i cant create the trend but follows it).As you can see from the chart here, if i am trading on 4hr...
hi Adeforex,
have been trying to find the double histo for the 4h and 1d the same as on your charts but have had no luck. i have tried paperclip in top corner but still can't find. or is it the settings that have to be changed? your help would be appreicated thanks evo.
  • #5,239
  • Jun 12, 2011 6:35pm Jun 12, 2011 6:35pm
Quoting evolution9
hi Adeforex,
have been trying to find the double histo for the 4h and 1d the same as on your charts but have had no luck. i have tried paperclip in top corner but still can't find. or is it the settings that have to be changed? your help would be appreicated thanks evo.

I think that this is the one you want
Attached File(s)
File Type: mq4 TMS-Osc Histo MTF.mq4   8 KB | 808 downloads
  • #5,240
  • Jun 12, 2011 7:23pm Jun 12, 2011 7:23pm
Quoting gh16
thanks Slymm - they all look solid, and if it's good enough for E, then i'm in!

gone short on GBP, CAD and USD, so fingers crossed!
Depends how much capital you have.

Usually I take 2 trades mostly mix of usd and then I try the other 3 in my demo just to see what would have hapend if its real. (Because one day when i have enough capital i will do all at a time.).

KC
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