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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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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #23,761
  • Aug 21, 2013 12:11am Aug 21, 2013 12:11am
Quoting Arete
{quote} Imo there will be little movement until FOMC later, EU depresses me at the moment with the ADR. Personally i don't plan like you do, more "What am i looking or, what will i do, and what would Phx62 do" However they do look good
Thanks a lot , I try to plan the trade and trade the plan whenever possible to eliminate as much emotional errors as possible, I will look up FOMC , I dont know even when its due

Looking at EUR/JPY H1 at the moment
I Have Learned to Take Some Losses to Make Profits
  • #23,762
  • Aug 21, 2013 12:36am Aug 21, 2013 12:36am
Quoting emmanuel7788
{quote} Hi Hins, Your Plan A (CONTINUATION) trade worked out. Then Plan B (REVERSAL) trade also worked out. Now the Plan B went and hit 100% of the average weekly range ...+ 500pips move. Now the guys now knows why there must be a Plan A and a Plan B when we trade 4H swings. Good Trading. regards EMMANUEL

Hi Emmanuel,

Yes, when I look at the size of trade B it seems mini compared to the whole move. Anyway I traveled for a day and was unable to reenter that move.
I was able to catch (in set and forget mode) another nice move in WTI which went bearish after a long consolidation area(I am posting a chart below).

With regard to ADR, I must admit I have no knowledge of how to use ADR. I need to re-read thread in order to find useful posts. I also see in compass' videos ADR being used as profit target...

Have a great day!
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  • #23,763
  • Aug 21, 2013 12:39am Aug 21, 2013 12:39am
Quoting emmanuel7788
{quote} FxLapozi, Excellent trade, well taken. H4 pattern alerts was screaming H4 Double Inside Bars DIB, plus a Bearish Engulfing BEEB as the Breakout Bar @ 0.8000 This is A+++ trade setup. regards, EMMANUEL
Thanks Emmanuel. I m still practicing and digesting the "Three Powerful Forex Pattern". Hopefully I can read those candle as well as you do in near future
  • #23,764
  • Aug 21, 2013 12:41am Aug 21, 2013 12:41am
Quoting G.Grillz
{quote} i hear and i raise you this AU trade, didnt like the candle on da kiwi bt AU PA since yesterday is great, btw checkout EURAUD p.s. didnt depend on tdi angle here cuz its lagging alot if u see da pic {image}
Didnt get into the EURAUD and AU trade because I went out. Good set up btw.
  • #23,765
  • Aug 21, 2013 12:44am Aug 21, 2013 12:44am
my ej trade for asian session today. i am continuing with my EA management experiment, and for today i let mptm manage trades as i was having trouble with cave manager.

i set if 25 pip up, be+10 50% closed.

the rest 50% is set to 30 pip jump stop.

my 25 pip be has been triggered, and now the remaining is currently in 30 jumping stop. it's resting at be+10. free ride.
  • #23,766
  • Aug 21, 2013 12:50am Aug 21, 2013 12:50am
silly me, i forgot my chart.... here goes.
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  • #23,767
  • Aug 21, 2013 1:03am Aug 21, 2013 1:03am
Quoting Erol
Hi All, Attached for your reference is a brief synopsis on the main posts by Emmanuel regarding stop losses. Any questions...use the post reference numbers at the bottom of the page - you will more than likely find the answer to what your looking for there. There was no way to compile this PDF other than by reading the entire thread. It has taken me the guts of two weeks to do this (reading the whole thread & taking notes) - this may seem like a long time to many of you. But look at it this way...is it really a long time when you compare this to...
Hi Erol,

Thank you for providing us with this PDF. I will study carefully its content/links.

Regards & kudos for your work,
Hins
  • #23,768
  • Aug 21, 2013 1:28am Aug 21, 2013 1:28am
usd cad h1 thoughts on h1 it has approach a demand level, and has repeatedly touched the said level for four hours without breaking up or bouncing down....

on h4, it says it may break the demand level but strong resistance would be waiting 20 pips up @1.0450. plus tdi price and rsi line is way above the 68 level so i am thinking i am with the bears in this one. one trigger candle will do the trick.

waiting game, and patience is key.

your thoughts and comments are always welcome
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  • #23,769
  • Aug 21, 2013 1:51am Aug 21, 2013 1:51am
with my analysis above, decided to scalp the cad target at 10 pips currently up 5. fast in fast out.

this just shows that tms helps in making decisions too. not just triggers on the tdi cross.

ps
manually closed my ej trade, price line formed a check mark.
  • #23,770
  • Aug 21, 2013 2:14am Aug 21, 2013 2:14am
i rode EJ going up now i'm riding her down. price line formed double top, and price failed to break through 131.00.

wish me luck. comments are always welcome.
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  • #23,771
  • Aug 21, 2013 2:16am Aug 21, 2013 2:16am
There are many Green cross red trade entries becomes fake even after following all the entry rules including the trend in higher time frame. Then how do we identify the right green cross red to take the trade for at least 50 pips profit? For example the EJ buy entry promised a good trade in H1, but the very next candle turned back and now it is moving south. Trading Made Simple doesn't appear to be simple. Can some one explain. I have read enough of the thread to understand the system. Please do not ask me to read again. I am asking this fundamental question and looking for the right answer. Please some one well experienced in TMS spare little time on this for me. Thanks

FxOptimu$
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  • #23,772
  • Aug 21, 2013 2:17am Aug 21, 2013 2:17am
Quoting markgrejaldo
i rode EJ going up now i'm riding her down. price line formed double top, and price failed to break through 131.00. wish me luck. comments are always welcome. {image}
I'm in the same trade. Lets see how it goes~
  • #23,773
  • Aug 21, 2013 2:22am Aug 21, 2013 2:22am
Quoting Fx-optimus
There are many Green cross red trade entries becomes fake even after following all the entry rules including the trend in higher time frame. Then how do we identify the right green cross red to take the trade for at least 50 pips profit? For example the EJ buy entry promised a good trade in H1, but the very next candle turned back and now it is moving south. Trading Made Simple doesn't appear to be simple. Can some one explain. I have read enough of the thread to understand the system. Please do not ask me to read again. I am asking this fundamental...
Where did you enter your trade? I cant read ur chart clearly. Anyway, prior to this 1h bar heading south, the wick has turned direction, instead of heading 12-2 oclock direction. That prompted a signal to close trade.
  • #23,774
  • Aug 21, 2013 2:25am Aug 21, 2013 2:25am
Quoting markgrejaldo
usd cad h1 thoughts on h1 it has approach a demand level, and has repeatedly touched the said level for four hours without breaking up or bouncing down.... on h4, it says it may break the demand level but strong resistance would be waiting 20 pips up @1.0450. plus tdi price and rsi line is way above the 68 level so i am thinking i am with the bears in this one. one trigger candle will do the trick. waiting game, and patience is key. your thoughts and comments are always welcome {image} {image}
I am waiting for the 4h and 1h bar to close in 30minutes time before entering short. There will be a retrace to 6x-70 in the next hour. Will enter short there if the candle remain below EMA. Too early to enter now although the indicators do point to south. I dont wanna take a risk especially not on yen pairs whereby anything can happen.
  • #23,775
  • Aug 21, 2013 2:28am Aug 21, 2013 2:28am
NZDUSD 1H

Updates on the kiwi trade I posted earlier.

So far so good.

Still on the track. SL = BE+1.2pips. Let's see if my tp will be hit!
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  • #23,776
  • Aug 21, 2013 2:36am Aug 21, 2013 2:36am
Quoting FxLapozi
NZDUSD 1H Updates on the kiwi trade I posted earlier. So far so good. Still on the track. SL = BE+1.2pips. Let's see if my tp will be hit! {image}
Looking very nice for Intraday run down... 0.7871
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,777
  • Aug 21, 2013 2:37am Aug 21, 2013 2:37am
Can some one provide me with the TDI RT indicator with an alert when green crossing red, if there is one available. When I analysing a chart there are crosses occurring in other pairs of which I come to know after the market moved. For example I was observing the EJ pair while the EU and EA pairs have made nive move with green crossing red. Thanks.

@FxLaposi Thanks for your reply. I did not enter. I was observing the market to follow through a trades visually on opportunities. My question is not on exit. The exit I could see. But the question is why such Green cross red signal failed to move up?

Fx..
  • #23,778
  • Aug 21, 2013 2:38am Aug 21, 2013 2:38am
Quoting Fx-optimus
There are many Green cross red trade entries becomes fake even after following all the entry rules including the trend in higher time frame. Then how do we identify the right green cross red to take the trade for at least 50 pips profit? For example the EJ buy entry promised a good trade in H1, but the very next candle turned back and now it is moving south. Trading Made Simple doesn't appear to be simple. Can some one explain. I have read enough of the thread to understand the system. Please do not ask me to read again. I am asking this fundamental...

You all are getting very good at H1 trading with EJ.
This shows the results of PHx62 postings taking effect on you all....

Well done folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,779
  • Aug 21, 2013 2:39am Aug 21, 2013 2:39am
Quoting emmanuel7788
{quote} Looking very nice for Intraday run down... 0.7871 {image}
Wow emmanuel,how did you get all those mid , low, high? Is it an indicator?
  • #23,780
  • Aug 21, 2013 2:42am Aug 21, 2013 2:42am
2 Trades same entry, Counter Trend Quick pips. 15 min divergence + trade plan setup

#1 +20 TP hit

#2 +20 --Trade Manager messed up my trade again. TP was 50 pips
I cant get the Trail HighLow candle setting to work. Trade closed immediately instead of trailing 10 pips behind.

Trade might reverse at the EMA, but still I didnt want my second trade to close.
Total for the week +150 pips
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