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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

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Trading Made Simple

  • #5,241
  • Jun 12, 2011 7:30pm Jun 12, 2011 7:30pm
Quoting MeLe
I think that this is the one you want
What does this Histogram do?

How to read this?

Whaz the purpose of this indicator?

If its already answered please guide me to the post.

Thanks.
KC.
  • #5,242
  • Jun 12, 2011 7:38pm Jun 12, 2011 7:38pm
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...
Makes very much sense.

Like to see those indicators... Going back reading post.. Will try to find.

KC.
  • #5,243
  • Jun 12, 2011 7:42pm Jun 12, 2011 7:42pm
Quoting KCV
What does this Histogram do?

How to read this?

Whaz the purpose of this indicator?

If its already answered please guide me to the post.

Thanks.
KC.
Hi KCV
This Histo is one time frame higher than the time frame chart that you have open. If you have the normal Histo on your chart and add this Histo it will show the higher time frame as well as the time frame you are watching. eg. if you are watching a 1 hour chart with the normal histogram, when this one is added it will show the next time frame higher, 4 hour,
hope I have explained ok
Regards
  • #5,244
  • Jun 12, 2011 8:18pm Jun 12, 2011 8:18pm
Hi Friends,

I was on sell on Nzd/usd based on 4hr chart. All of a sudden last 5 min it went down 55Pips. No news in the list. Any one know what the reason.

Am I missing any news event. Usually this pair dont move this fast.

Thanks.
KC.
  • #5,245
  • Jun 12, 2011 8:21pm Jun 12, 2011 8:21pm
Quoting MeLe
Hi KCV
This Histo is one time frame higher than the time frame chart that you have open. If you have the normal Histo on your chart and add this Histo it will show the higher time frame as well as the time frame you are watching. eg. if you are watching a 1 hour chart with the normal histogram, when this one is added it will show the next time frame higher, 4 hour,
hope I have explained ok
Regards
Mele,

Thank you so much for ur reply. I got the concept now. I can see this indicator is labled with one higher frame.

I am very new to these indicators. I checked in MT4 for the regular histogram. Could not find that indi. Is it named some thing else.

I dont want you are anyone to get frustrated with my post also dont want to post too many on this and fill the page.

If you like I can send you a PM.

Thanks.
KC.
  • #5,246
  • Jun 12, 2011 8:43pm Jun 12, 2011 8:43pm
Quoting 2scoops
Well thanks, I hope your feeling better.

The red lines are just a trend line indicator that draws your trend lines for you. And the SR indicator just draws the major areas of support and resistance. They are there only to help you with the 4X basics, they change none of the rules of the BigE system, only consult them after all the TMS method rules have been met.

Price bounces off these trend lines all day long and it shows you a pretty good picture of what the trend is on the higher time frames. Ignore the bottom and very top trend line (that...
Hi again mate,
Just a bit of info for you . If you change the figure in the section where it says porcent stop in theat trend indicator you can get rid of the outside lines. Just change it to zero.
  • #5,247
  • Jun 12, 2011 8:52pm Jun 12, 2011 8:52pm
Quoting KCV
Hi Friends,

I was on sell on Nzd/usd based on 4hr chart. All of a sudden last 5 min it went down 55Pips. No news in the list. Any one know what the reason.

Am I missing any news event. Usually this pair dont move this fast.

Thanks.
KC.
Yes you are missing a news event. http://earthquake.usgs.gov/earthquak...usc0004651.php On the right side of the trade, you're lucky. On the wrong side, stoploss is your best friend. Traders have no control over events like this.
  • #5,248
  • Jun 12, 2011 8:57pm Jun 12, 2011 8:57pm
Quoting KCV
Mele,

Thank you so much for ur reply. I got the concept now. I can see this indicator is labled with one higher frame.

I am very new to these indicators. I checked in MT4 for the regular histogram. Could not find that indi. Is it named some thing else.

I dont want you are anyone to get frustrated with my post also dont want to post too many on this and fill the page.

If you like I can send you a PM.

Thanks.
KC.
Yes no worries KC
This is the normal Histo that shows the time frame that you have open
Attached File(s)
File Type: mq4 TMS-Osc Histo.mq4   7 KB | 707 downloads
  • #5,249
  • Jun 12, 2011 9:01pm Jun 12, 2011 9:01pm
Quoting cristi01
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...
do you mean your tdi or stoch on the same side of 50%??
  • #5,250
  • Jun 12, 2011 9:04pm Jun 12, 2011 9:04pm
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.
depends on how much money you have got
  • #5,251
  • Jun 12, 2011 9:05pm Jun 12, 2011 9:05pm
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.
sorry I should have added.......In my opinion....filter out the one you think is the absolute best....trade it as you would normally and if you like the others trade mini lots or just follow them and see what happens. Dont get trapped into over trading.
  • #5,252
  • Jun 12, 2011 9:18pm Jun 12, 2011 9:18pm
Quoting ndhoanggia
Yes you are missing a news event. http://earthquake.usgs.gov/earthquak...usc0004651.php On the right side of the trade, you're lucky. On the wrong side, stoploss is your best friend. Traders have no control over events like this.
Wow. Did not see this. Was lucky on the right side of the trade, but still feel for the news. My prayers for all the Nz's.

KC.
  • #5,253
  • Jun 12, 2011 9:23pm Jun 12, 2011 9:23pm
Quoting MeLe
Yes no worries KC
This is the normal Histo that shows the time frame that you have open
Thank you so much MeLe.

You the Best

KC
  • #5,254
  • Jun 12, 2011 9:50pm Jun 12, 2011 9:50pm
Quoting MeLe
I think that this is the one you want
thanks MeLe,
that does the trick. Evo.
  • #5,255
  • Jun 12, 2011 10:56pm Jun 12, 2011 10:56pm
Well im officially off this strategy. My thanks to Big E for sharing it. But from my experiences and others i've been watching on here, to me it doesn't seem any more profitable than many other strategies. Once again, your profitability will probably come down to

a) Your own discretionary decisions based on how experienced you are in forex
b) Whether it suits your personality and trading style, which it obviously does for Big E which is why he does so well with it.

Anyone agree/disagree?
  • #5,256
  • Jun 12, 2011 11:06pm Jun 12, 2011 11:06pm
Quoting dean
sorry I should have added.......In my opinion....filter out the one you think is the absolute best....trade it as you would normally and if you like the others trade mini lots or just follow them and see what happens. Dont get trapped into over trading.
thanks Dean. I'm actualy still demo'ing, so i will take note of what happened with the different crosses in case the opportunity presents itself when i'm in for real
  • #5,257
  • Edited 11:40pm Jun 12, 2011 11:18pm | Edited 11:40pm
Quoting Aussie_fx
Well im officially off this strategy. My thanks to Big E for sharing it. But from my experiences and others i've been watching on here, to me it doesn't seem any more profitable than many other strategies. Once again, your profitability will probably come down to

a) Your own discretionary decisions based on how experienced you are in forex
b) Whether it suits your personality and trading style, which it obviously does for Big E which is why he does so well with it.

Anyone agree/disagree?
Yepper ! Welcome....As Dean just said watch your over trading I wiil kick your ass. Take the cherry's only
  • #5,258
  • Jun 12, 2011 11:27pm Jun 12, 2011 11:27pm
Quoting Aussie_fx
Well im officially off this strategy. My thanks to Big E for sharing it. But from my experiences and others i've been watching on here, to me it doesn't seem any more profitable than many other strategies. Once again, your profitability will probably come down to

a) Your own discretionary decisions based on how experienced you are in forex
b) Whether it suits your personality and trading style, which it obviously does for Big E which is why he does so well with it.

Anyone agree/disagree?
Hi Aussie

Each to their own I suppose. Ignore this if you are a full-time, profitable trader, but I can tell you from personal experience that:

 

  1. FF has many different profitable strategies
  2. Most new traders jump from strategy to strategy, indicator to indicator every few weeks (this site is a bloody candy shop that encourages over-eating!)
  3. The reason they keep changing is because they keep losing
  4. The reason they keep losing has nothing to do with the strategy and all to do with the failure to implement the strategy in a disciplined way

I agree, that some methods will obviously be more compatible than others to a trader's personality, risk profile, intelligence, capital etc, but don't be too quick to dismiss a strategy until you have given it (and yourself) justice. For me - I need to be giving it my full attention for at least 8 weeks before I can, with any degree of confidence and legitimacy, discount it as a fit and/or profitable.

Every method has its limitations, but this one does work, across different timeframes and is easy to implement. It does provide some very objective parameters for entry / exit, but of course, to optimise it you need to have a strong handle on basic price action.

I wish you luck on the "journey".

  • #5,259
  • Jun 12, 2011 11:31pm Jun 12, 2011 11:31pm
Quoting Chillypiper
Yepper ! Welcome....As Dean judt said watch your over trading I wiil kick your ass. Take the cherry's only
Unfortunately it was only the cherry's I was taking (i wouldn't dismiss a strategy unless I was going by the rules)

Not to worry, forex strategies are almost as individual as a fingerprint.
  • #5,260
  • Jun 12, 2011 11:45pm Jun 12, 2011 11:45pm
Quoting hawaii5000
Hi Aussie

Each to their own I suppose. Ignore this if you are a full-time, profitable trader, but I can tell you from personal experience that:
[list][*]FF has many different profitable strategies[*]Most new traders jump from strategy to strategy, indicator to indicator every few weeks (this site is a bloody candy shop that encourages over-eating!)[*]The reason they keep changing is because they keep losing[*]The reason they keep losing has nothing to do with the strategy and all to do with the failure to implement the strategy in...

Thanks Hawaii. Definitely agree - new traders keep switching strategies when losing and they are losing because they are switching strategies.

Im not new to forex but was hoping this strategy was as per the first few pages. Unfortunately like all others, there are more rules, price action analysis and plenty of discretion to implement to make it profitable to a 80-90% level.

Not putting it down, many people are enjoying it and finding success with it, which is great.

Right now im going to stick to my other strategy. Going well so far and amazingly there is only 1 indicator! Usually you shouldn't rely on 1 indicator, but there is a reason why you can with this strategy - its a very unique. I'll post it on FF if it continues to trade well.
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