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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

  • #7,641
  • Jul 10, 2011 1:14am Jul 10, 2011 1:14am
[quote=pipiness;4765455]
Quoting Erebus

Hi Erebus,

I'm a tad confused by your post - yes, of course I did go back and look at the chart which Eelfranz posted, and yes, I did see the date on it - and yes, it sorted out my query because I was able to go back on my chart to the same date and compare E's indicator angle with mine. And so I was able to verify that my indicator was working properly, which was the only reason for my post at that point.

I don't think the rest of your post pertains to me - 'cos I didn't spot any trades........at the time I wasn't...
OK, that's one way to do it I guess, for me, posting the current chart would seem to make the most sense, comparing the data as it is right now, but I guess that is just me.

Because it is hard to compare your data in the the past to the chart he posted which was a current chart at the time of the screen shot; I really thought he must have grabbed the wrong chart from his folder is all.

Glad you sorted your problem.
It takes a lot for me to IGNORE you, but you can try.
  • #7,642
  • Jul 10, 2011 5:08am Jul 10, 2011 5:08am
[quote=Erebus;4765643]
Quoting pipiness

OK, that's one way to do it I guess, for me, posting the current chart would seem to make the most sense, comparing the data as it is right now, but I guess that is just me.

Because it is hard to compare your data in the the past to the chart he posted which was a current chart at the time of the screen shot; I really thought he must have grabbed the wrong chart from his folder is all.

Glad you sorted your problem.
Yes, I understand your thinking, but it did the trick anyway. Me too, I'm very glad I got it sorted out.
  • #7,643
  • Jul 10, 2011 5:12am Jul 10, 2011 5:12am
The panel allow to view on one screen the TMS status for any number of currency pair with any time frame. I will add some more functions later.

Attached Image (click to enlarge)
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  • #7,644
  • Jul 10, 2011 6:26am Jul 10, 2011 6:26am
Quoting AlienFrog
Here's one I use: Round Numbers 5 Digit. It's simple and basic. It also helps me eyeball price ranges quickly.

Change the "grid space" to 50 and it shows only 100's. Change it to 25 and it shows 50's and 100's. I don't know why those numbers, I didn't write it. You can change the color of the lines, too. Enjoy!
Thanks for that, yes will use that for some trades.
Born to rule my Economic World and Make a Difference!
  • #7,645
  • Jul 10, 2011 6:30am Jul 10, 2011 6:30am
Quoting JRpips8
...As for those dotted 100 lines, did you put there manually or used a tool for that, I know there is a tool that can draw ......

Sharemaster,

Here's an indicator that applies up to 6 different price level lines to your chart. It's highly customizable for # lines, colors, line style, with or without text on each level, and even the number of line sets to display above/ below the current price. It's set for 00 20 33 50 66 80 levels as is, but even those can be changed to whatever you like.


Best regards,

JR
Thanks for that, was quixk indeed. That is what it is all about.
Born to rule my Economic World and Make a Difference!
  • #7,646
  • Jul 10, 2011 6:41am Jul 10, 2011 6:41am
Quoting arbinka
The panel allow to view on one screen the TMS status for any number of currency pair with any time frame. I will add some more functions later.

Attachment
Hi there,

Good Tool you have set for us all.

Not to be critical but this mentioned thread will love it as it is what that thread is based on: http://www.forexfactory.com/showthread.php?t=299545 so if you can also post this tool there, it will be most appreciated as you may get some heat from some traders here as not being part of the Original thread. The mentioned thread deals with this sort of tool you have and I feel you will make a better impact there than here.

Just my 2 cents.
Born to rule my Economic World and Make a Difference!
  • #7,647
  • Jul 10, 2011 6:58am Jul 10, 2011 6:58am
Quoting sharemaster2
Hi there,

Good Tool you have set for us all.

Not to be critical but this mentioned thread will love it as it is what that thread is based on: http://www.forexfactory.com/showthread.php?t=299545 so if you can also post this tool there, it will be most appreciated as you may get some heat from some traders here as not being part of the Original thread. The mentioned thread deals with this sort of tool you have and I feel you will make a better impact there than here.

Just my 2 cents.
Thank you. I wasn't aware of that thread .
  • #7,648
  • Jul 10, 2011 7:44am Jul 10, 2011 7:44am
Quoting arbinka
The panel allow to view on one screen the TMS status for any number of currency pair with any time frame. I will add some more functions later.

Attachment
Hi arbinka,

Any chance of getting a copy of you panel please?

Thanks
Asw
  • #7,649
  • Jul 10, 2011 8:43am Jul 10, 2011 8:43am
Quoting Asw
Hi arbinka,

Any chance of getting a copy of you panel please?

Thanks
Asw
I have added some more functions to the panel. I plan to test it tomorrow on an open market. I will release it if there will be demand for it.

Attached Image (click to enlarge)
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  • #7,650
  • Jul 10, 2011 8:52am Jul 10, 2011 8:52am
Quote
Originally Posted by arbinka http://www.forexfactory.com/images/buttons/viewpost.gif
The panel allow to view on one screen the TMS status for any number of currency pair with any time frame. I will add some more functions later.

Quoting Asw
Hi arbinka,

Any chance of getting a copy of you panel please?

Thanks
Asw
Hello again traders.
I hesitate to comment, but I cannot in good conscience let this phenomenon continue without some rational observations.
Here we go again . . . taking a system called "Trading Made Simple" and complicating it. Adding additional indicators will not add to your profits. Especially one that monitors some 20+ currency pairs. Yes, you may be using it to monitor only the pairs you trade, but by its very nature, you will be distracted by the additional information. It is physically and biologically impossible to ignore all of the additional "noise."
Therefore, if it is not helping, it is hurting. It may add a "Wow" factor, but it will not add anything to your account balance. You are perfectly capable to be hugely successful without such sensory overload.
Furthermore, in all my years of trading, I do not know one trader that can seriously manage this many pairs - whether a genius, professional, institutional or otherwise. Looking at this indicator will leave you in a constant state of doubt and confusion. You will be second guessing very signal given by the TMS system as outlined in this post.
This is not in any way disparaging the creator of this tool. His/hers programming skills are quite good. However, it is not necessary or applicable to this system.
Again - not here to be negative. Just here to get real.
  • #7,651
  • Jul 10, 2011 10:36am Jul 10, 2011 10:36am
Quoting dcginc
Hello again traders.
I hesitate to comment, but I cannot in good conscience let this phenomenon continue without some rational observations.
[font=Calibri][size=3]Here we go again . . . taking a system called "Trading Made Simple" and complicating it. Adding additional indicators will not add to your profits. Especially one that monitors some 20+ currency pairs. Yes, you may be using it to monitor only the pairs you trade, but by its very nature, you will be distracted...
Sir,

This is not a trading indicator, only a visual monitoring tool, that gives a quick view of potential trades, and if it's ok with you, I would like a copy on my PC.

Thank you
Asw
  • #7,652
  • Jul 10, 2011 10:55am Jul 10, 2011 10:55am
Quoting dcginc
Adding additional indicators will not add to your profits.
Couldn't agree more.

Not to be negative with traders who want to contribute but just commenting generally it always amazes me that many believe more is better because of better information and thus control over their decisions.

BigE has given us all a very simple effective system but right through these 500 pages one can see charts that have added all manner of indicators. With very few exceptions many are nice to view - just the "Wow" factor as you put it.

It has always been my believe that given a system that is guaranteed to make profits [if there is such a system] many will 'adjust and adapt' it to suit their 'style' and promptly incur losses.

Just my 2 cents
  • #7,653
  • Jul 10, 2011 11:02am Jul 10, 2011 11:02am
Hope everybody is having a good weekend.

Saw this potential setup on USD JPY H4. Should be worth keeping an eye on once makets reopen in a few hours. Good chance that it will reverse

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  • #7,654
  • Jul 10, 2011 11:22am Jul 10, 2011 11:22am
Quoting Asw
Sir,

This is not a trading indicator, only a visual monitoring tool, that gives a quick view of potential trades, and if it's ok with you, I would like a copy on my PC.

Thank you
Asw

So would I!

Thanks to both of you - and BigE naturally as well.
  • #7,655
  • Jul 10, 2011 11:24am Jul 10, 2011 11:24am
Quoting arbinka
Thank you. I wasn't aware of that thread .
Would you kindly post it there?

Thank you

Forex37
  • #7,656
  • Edited 5:20pm Jul 10, 2011 12:55pm | Edited 5:20pm
Hi Eelfranz and everyone,

Eelfranz, you said that, a few months ago :

"On the 5,15 & 60 minute charts when I 1st enter the trade if it drops back 5-6 pips... I figure I didn't judge my entry too well so I exit the trade so as to not take a bigger loss.... my timing was off. I'd rather take a moment to check out PA,TDI & stochs again and then re-enter when I feel it's the right timing... that's all.

I use to use a SL and let it draw back 15-25 pips hoping it would turn back to my expected direction. Some times it did and other times it didn't."


Is that always true ?
  • #7,657
  • Jul 10, 2011 2:14pm Jul 10, 2011 2:14pm
OK Chillin' lets not throw water baloons or continue mud wrestling...

I presented this method in it's simplicity.... knowing many could benefit. It requires no more than I have outlined earlier and that is how I'll continue to trade it.

I know there is no way to stop others from adding other indicators. It's human nature. I would appreciate it if you did not post those indicators on this thread. Please start your own thread if necessary. It's a lot of work.

We have a fabulous group of traders on this thread. Let's keep our method clean and stream lined please...

Thanks Again, Big E

  • #7,658
  • Jul 10, 2011 2:29pm Jul 10, 2011 2:29pm
Quoting AlienFrog
So glad to have you lurking! Wow, what a great doc! You have some MT4 keyboard and mouse shortcuts I've never seen before. And your trading wisdom is certainly not just for noobs! Thanks for making the effort to put that together it's a great contribution!
Alien Frog
Thanks for your kind words. It seems to have struck a cord with some people...over 360 views since 7.10, very gratifying. I just hope people take the time to read it. I know that if I would have had something like that early on, I would have been years ahead.
FXArcher
  • #7,659
  • Jul 10, 2011 2:43pm Jul 10, 2011 2:43pm
Go for it. If you feel need it, then obviously you need it. Good luck!

Quoting Asw
Sir,

This is not a trading indicator, only a visual monitoring tool, that gives a quick view of potential trades, and if it's ok with you, I would like a copy on my PC.

Thank you
Asw
  • #7,660
  • Jul 10, 2011 3:25pm Jul 10, 2011 3:25pm
IMHO may be you can put helping utilities on xapod's thread - http://www.forexfactory.com/showthread.php?t=294327
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