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Trading Made Simple

  • #10,421
  • Aug 22, 2011 12:14pm Aug 22, 2011 12:14pm
just came back.

i see some mixed signals. vol is low so shop closed for the day.

see u guys tomorrow.

green pips, R

Quoting RogerVF
Nice trading, wannaberich
dreams do come true.
  • #10,422
  • Aug 22, 2011 1:06pm Aug 22, 2011 1:06pm
Quoting Nacho
Hi RogerVF, I am also using the TMS 3 timeframes indicator using H1 as base for entering with good results (about 85% success rate on 35+ trades on demo) but Id like to ask you about the trend thing. You say you enter LONG only when you see a good setup on H1 and H4 & D1 BOTH have the green TDI line above the red (vice-versa for short), is that correct? I usually enter when H4 TDI confirms trend of H1, but usually do not wait for D1 cross, if the green tdi of D1 is flat or not trending against my trade is usually enough for me. Backtesting a bit...
Hello, Nacho, your comment is very correct, trading like this leaves you out of many good trades, but seems to be very high probability. I'm not looking for crossings in H4 or D1. What's important to me is that both higher frames are crossed up if I enter long, and opposite for short. First higher frame shouldn't be overbought or oversold.

The good news is that it seems bounces are valid as well.
  • #10,423
  • Aug 22, 2011 3:50pm Aug 22, 2011 3:50pm
I guess I am the contrarian trader as I usually trade the 1H and I look at the 15 & 5M TFs for confirmation. I think a cross indicates a trend reversal or a pullback or possibly a break of S/R which the 4H mostly will not show. I am sure there will be disagreements with this but it's working for me. p
  • #10,424
  • Aug 22, 2011 4:49pm Aug 22, 2011 4:49pm
Quoting suckytrader
Good evening Gents. I'm Dan, from Australia.

Following the write up on this for quite some time.

Just checking to see if I have the correct set up.

USDCAD, H1
I just realised my entry on thje GBPUSD was SO INCORRECT... I entered on the 4th bar!! Reviewing the overlap, it was most movement previous in the overlapping and opening of the newest sessions on my time (EST + 10)

Luckily, they all reached TP. The USDCAD was a successful set up, right?

Can some one confirm??
  • #10,425
  • Edited 4:58pm Aug 22, 2011 4:56pm | Edited 4:58pm
Quoting shabba
hello, can u tell what indicator u use to show candle duration, and timezones?
and maybe post it.

thank you.
Hi there Shabba!
I think I found the indicator in this very thread somewhere. Anyway, here I share it again so you don't have to go through all the posts. Let me know if there is any problems with it! Happy Pippin'!
Attached File(s)
File Type: mq4 Clock_v1_2.mq4   16 KB | 558 downloads
  • #10,426
  • Aug 22, 2011 5:29pm Aug 22, 2011 5:29pm
Quoting apock
Enter Long in AUDUSD at 9:00am GTM -3
Entering on the 4th candle is nowhere near the rules of this method.
  • #10,427
  • Aug 22, 2011 5:54pm Aug 22, 2011 5:54pm
I haven't traded this in quite sometime, been "exploring" other Methods. I just need to "stick" to one!!! :0) Anyway, shorted the EUR/GBP last night on the 1 HR Chart (using "Trading Made Simple" Method) and picked up 25 pips. Thanks Big E!!!
  • #10,428
  • Aug 22, 2011 6:38pm Aug 22, 2011 6:38pm
Quoting dean
Entering on the 4th candle is nowhere near the rules of this method.
I thought it was a rebound i'm losing in this pair now
"Don't pretend that things will change, if you always do the same" A.E.
  • #10,429
  • Aug 22, 2011 8:14pm Aug 22, 2011 8:14pm
Quoting alkenany
took +2 pips in previous long, now went short4410
closed the short with+40 pips, entered now long 4370 H1 TF
Attached Image (click to enlarge)
Click to Enlarge Name: u4.gif Size: 54 KB
  • #10,430
  • Aug 22, 2011 8:26pm Aug 22, 2011 8:26pm
Quoting Martinius
Hi there Shabba!
I think I found the indicator in this very thread somewhere. Anyway, here I share it again so you don't have to go through all the posts. Let me know if there is any problems with it! Happy Pippin'!
Well, with only 7 posts, you are not expected to know this, you don't have to go through all the posts, all attachments are in 1 easy to access place we call the PAPERCLIP, see picture for instructions, try it, you will like, and pass on the information

C'est La Vie
Attached Image (click to enlarge)
Click to Enlarge Name: Use paperclip.jpg Size: 146 KB
It takes a lot for me to IGNORE you, but you can try.
  • #10,431
  • Edited 9:22pm Aug 22, 2011 8:53pm | Edited 9:22pm
Quoting shabba
hello, can u tell what indicator u use to show candle duration, and timezones?
and maybe post it.

thank you.
Right here on FF, best Candle time clock & Broker / Market open times

http://www.forexfactory.com/showthread.php?t=109305
Attached Image (click to enlarge)
Click to Enlarge Name: P4L_clock+candle_time.jpg Size: 149 KB
It takes a lot for me to IGNORE you, but you can try.
  • #10,432
  • Aug 23, 2011 12:02am Aug 23, 2011 12:02am
Quoting Loooit
Hey,
In trading, if everyone does exactly the same thing everyone makes money, that's how it works... If everyone wants to buy the price goes up... Even if the fundamentals are in the total opposite direction.
really really good point!
and it's very important to know who push up the market after I buy(enter)! what we need to do is to predict their behaviors! And can that guys behaviors be recognized in the chart? and also, who trade with you when you exit the market? that's the core!!!

everybody buys, the price will up. Then how about when everybody exits the market?

and for a small market, it's good! but for forex market. we can change nothing with 10000 or 1 mil dollars.
  • #10,433
  • Aug 23, 2011 1:23am Aug 23, 2011 1:23am
Quoting brettboz
There is resistance at 4420, this is the res area which stopped price on Friday. Price is currently under this areas effect at the moment. It might stall here for a bit. This move came off the support at 4360 I mentioned last week and spiked off the 4H 21EMA (which usually acts as S/R).

Im long but we need to see this resistance broken otherwise it will move against the trade possibly very quickly.
Price stayed exactly within the resistance and support I mentioned yesterday. I shorted E/U when it failed to move above 4420 and the TDI crossed on the 1H. I took profit 4360 as I said I would (which happened to be where the 1H crossed back over).

If you know the support and resistance areas the TDI is a good swing indicator to indicate when to get in and out.

It is now completely flat with no direction at all. Price could take off in either direction but there will be no way of knowing if its a head fake...
  • #10,434
  • Aug 23, 2011 1:26am Aug 23, 2011 1:26am
Quoting bobowang
really really good point!
and it's very important to know who push up the market after I buy(enter)! what we need to do is to predict their behaviors! And can that guys behaviors be recognized in the chart? and also, who trade with you when you exit the market? that's the core!!!

everybody buys, the price will up. Then how about when everybody exits the market?

and for a small market, it's good! but for forex market. we can change nothing with 10000 or 1 mil dollars.
Actually its wrong. This is a commonly made misunderstanding about the markets.

We can't all be buying as who is selling to us. Price moves up because more people WANT to buy so the sellers can sell at a premium. The same goes for the short side. Loads of people want to sell so the buyers can get a better price as they can pick and choose (metaphorically speaking).
  • #10,435
  • Aug 23, 2011 1:27am Aug 23, 2011 1:27am
Quoting brettboz
Actually its wrong. This is a commonly made misunderstanding about the markets.

We can't all be buying as who is selling to us. Price moves up because more people WANT to buy so the sellers can sell at a premium. The same goes for the short side. Loads of people want to sell so the buyers can get a better price as they can pick and choose (metaphorically speaking).
Sorry I just realized he already said WANTS. Im an idiot take no notice of me.
  • #10,436
  • Aug 23, 2011 1:32am Aug 23, 2011 1:32am
Quoting Martinius
Hi there Shabba!
I think I found the indicator in this very thread somewhere. Anyway, here I share it again so you don't have to go through all the posts. Let me know if there is any problems with it! Happy Pippin'!
thank you Martinius & Erebus,
For now i'll stick with Martinius version, i try to keep it as simple as i can, too much info on my screen is confusing...
Clock indi is ok, and very helpfull.

Great Thread btw. thank you all for your post's. TMS is great in my opinion (a newbies opinion), it helps me get pips in demo for now.

I've learned alot reading this thread, too bad i didn't saved indicators when i've read it .

if english is bad / sorry.
Happy trading !
If you want to make God laugh, tell him about your plans. Woody Allen
  • #10,437
  • Aug 23, 2011 1:42am Aug 23, 2011 1:42am
Thank you Erebus for your time spent in making the paperclip tutorial and clock indi tutorial, didn't knew the hide images trick, this helps alot,

As for the clock indicator, i think ill use it on live account, or pre-live account.

Happy trading !
If you want to make God laugh, tell him about your plans. Woody Allen
  • #10,438
  • Aug 23, 2011 2:18am Aug 23, 2011 2:18am
Quoting brettboz
Actually its wrong. This is a commonly made misunderstanding about the markets.

We can't all be buying as who is selling to us. Price moves up because more people WANT to buy so the sellers can sell at a premium. The same goes for the short side. Loads of people want to sell so the buyers can get a better price as they can pick and choose (metaphorically speaking).
True,

I think everyone is right, we are just putting it differently.

True, it comes down to who wants their direction more(and then willing to pay more for it).

also, when the crises started there was panic and most people wanted to sell, hence the price fall, the problem was noone wanted to buy... (I guess you can say there was a huge premium)

but for our purposes the theory doesn't matter too much, just that you follow the plan.

I like knowing the theory though...

Thats just my understanding. Maybe this is for another thread though... but I like it. Let Big E decide. Its not exactly TMS relevant. But I guess I am part of the reason for this tangent.
Ask me again when I know what I'm talking about.
  • #10,439
  • Aug 23, 2011 2:21am Aug 23, 2011 2:21am
Quoting brettboz
Sorry I just realized he already said WANTS. Im an idiot take no notice of me.
Then I commented back, sorry, everyone is happy.
Ask me again when I know what I'm talking about.
  • #10,440
  • Aug 23, 2011 2:41am Aug 23, 2011 2:41am
Looks like some nice trades earlier.. AU.. UC and EU especially.. Pity I was in bed. Not much brewing at the moment..
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