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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

  • #19,081
  • May 12, 2013 12:56pm May 12, 2013 12:56pm
Quoting gegeorge
{quote} Yes I know, but I prefer not because I find it confusing, so I chose to display only one pair on each chart. What do you thing about the SR levels I posted? do you agree?
Rather have less indicators and read APB/Candlestick more , Eventually u will be able to read charts , That's i m learning now , TRY Too many indicators is confusing ,
  • #19,082
  • May 12, 2013 6:35pm May 12, 2013 6:35pm
another techie question

Is it possible to put two tdi's on one screen but with different tf?
  • #19,083
  • May 12, 2013 6:55pm May 12, 2013 6:55pm
10MileWalk - yes thanks to zzbrm it is.... see attached....

Cheers / Mop
Attached File(s)
File Type: mq4 TDI-MTF-zz.mq4   4 KB | 497 downloads
  • #19,084
  • May 12, 2013 6:57pm May 12, 2013 6:57pm
beautiful man
Quoting mobthehop
10MileWalk - yes thanks to zzbrm it is.... see attached.... Cheers / Mop {file}
  • #19,085
  • May 12, 2013 7:03pm May 12, 2013 7:03pm
for the input, if I want 4H tdi, i put in "240" for the value is that correct?
Quoting mobthehop
10MileWalk - yes thanks to zzbrm it is.... see attached.... Cheers / Mop {file}
  • #19,086
  • May 12, 2013 8:03pm May 12, 2013 8:03pm
Haven't found any entries so far today during the Asian session. Quiet day.
  • #19,087
  • May 12, 2013 8:26pm May 12, 2013 8:26pm
Quoting jicssbr
Thanks for positive comment Ozforex13, very much appreciated. And thank you to everyone else who's shared about letting the trades work themselves out. One thing I still do is get too excited when a trade appears to go against me initially. I want to close the trade instead of letting the market work. To me, this is focusing on "what if I lose" instead of believing in a system and letting it make a profit for me. It's so easy to focus on the negative. I've seen systems that look like they work 90% of the time, but I tend to focus and emphasize...
Your welcome jicssbr

I understand your point about thinking about losing than letting the trade to work it's way out. I have been through this and I believe same as all other traders when they started trading real money.

In my experience, I realised that this feeling is when I had no confidence in the system or any others. When I tested this method for a few weeks, I felt more confidence to enter the trade when I saw the signal and stayed in till I gained my profit. What I also experienced with this was to take profit or move my SL manually till I grasp the full system.

Trusting our judgement is the best strategy and that comes with alot of back testing the right system. So stay focus and just continue practicing TMS till you feel right about trading your real cash...
  • #19,088
  • May 12, 2013 8:33pm May 12, 2013 8:33pm
Quoting Tok
Any tips on what I can do during the weekend to give me the best chance of success? Any extra tips regarding this system from the more experienced guys? I live in AUstralia, so I'll be trading the Asian session. Currencies like AUDJPY, AUDNZD, EURAUD, EURJPY, is this OK to do with this system? And I should ALWAYS trade with the daily/weekly trend, right? Regardless of if TDI is going below the green line? So if daily and weekly are in an uptrend, I should ONLY trade the currency when TDI is going above the red line? Thanks. I want to be prepared...
Hey Tok,

I am in OZ too but I don't recommend the Asian session as I don't find it as profitable as London or NY sessions. Try to practice TMS on Forex tester over the weekends, which will help.
  • #19,089
  • May 12, 2013 8:35pm May 12, 2013 8:35pm
Quoting Ozforex13
{quote} Hey Tok, I am in OZ too but I don't recommend the Asian session as I don't find it as profitable as London or NY sessions. Try to practice TMS on Forex tester over the weekends, which will help.
Thank you mate.
  • #19,090
  • May 12, 2013 9:25pm May 12, 2013 9:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 37 KB


Interesting what GU will do,
reached bottom of rising channel on strong S/R area with 38,1% Fib ret..., previous two reversal moves in its ride up also happened on 38,1% Fib ret
JacekPreserve Precious Capital
  • #19,091
  • May 12, 2013 9:45pm May 12, 2013 9:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: audusdmonthly.png Size: 34 KB

Does it looks like AU is entering in reversal zone?
JacekPreserve Precious Capital
  • #19,092
  • May 12, 2013 9:59pm May 12, 2013 9:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdmonthly.png Size: 54 KB


will NU go lower ?
JacekPreserve Precious Capital
  • #19,093
  • May 12, 2013 10:59pm May 12, 2013 10:59pm
JAckub Please where did u learn Fib-Ret from . Babypips ? That the most fullfill Prophecy , Malcolm .
  • #19,094
  • May 12, 2013 11:09pm May 12, 2013 11:09pm
Quoting terminator12
JAckub Please where did u learn Fib-Ret from . Babypips ? That the most fullfill Prophecy , Malcolm .
Malcolm, when I was living in Poland I found an excellent book one of the Polish great trader Paweł Danielewicz about Fibonnacci geometry.. But this book is only in polish language, I am afraid. But I have also nice book "Candlesticks, Fibonacci, and Chart Pattern Trading Tools" by Fischer & Fischer.
Very good book...
JacekPreserve Precious Capital
  • #19,095
  • May 12, 2013 11:42pm May 12, 2013 11:42pm
Quoting Jackub
{quote} Malcolm, when I was living in Poland I found an excellent book one of the Polish great trader Paweł Danielewicz about Fibonnacci geometry.. But this book is only in polish language, I am afraid. But I have also nice book "Candlesticks, Fibonacci, and Chart Pattern Trading Tools" by Fischer & Fischer. Very good book...
yes, good book to read.

anyone interested, PM or email me for pdf copy.
Attached Image (click to enlarge)
Click to Enlarge Name: Fischer n Fischer.png Size: 154 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,096
  • May 12, 2013 11:46pm May 12, 2013 11:46pm
Quoting emmanuel7788
{quote} yes, good book to read. anyone interested, PM or email me for pdf copy. {image}
oh my, you really do have every single book hey
Daniel
  • #19,097
  • May 12, 2013 11:46pm May 12, 2013 11:46pm
GU H4 13 May

Looking at GU and waiting to see how this current H4 candle will close.
There are risks for this potentila setup. But if manage well, it can trun out ro be a good trade for this week.

Have Plan A and Plan B ... as always.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,098
  • May 12, 2013 11:50pm May 12, 2013 11:50pm
Quoting Greenb
{quote} oh my, you really do have every single book hey


in 25 years, I read some 50 books ... that make only 2 books per year on average, that is well below any school boy would be reading.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,099
  • May 12, 2013 11:50pm May 12, 2013 11:50pm
Quoting emmanuel7788
GU H4 13 May Looking at GU and waiting to see how this current H4 candle will close. There are risks for this potentila setup. But if manage well, it can trun out ro be a good trade for this week. Have Plan A and Plan B ... as always.
There is potential on EU too, if it can closes above 1.29950 or 1.3 rn. should have a nice move to 1.305 at least

that said, UJ is looking pretty nice too for some CT
Daniel
  • #19,100
  • May 12, 2013 11:51pm May 12, 2013 11:51pm
I would love to get hold of the book!
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thomi