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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

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #23,901
  • Aug 22, 2013 7:28am Aug 22, 2013 7:28am
Quoting TheScorpS
{quote} Yes Emmanuel , I am very much would like to find an indi that can be used with TMS to show multitime frame like the EMA 10 Dashboard Like the one used by Phx62 which can help us identify trends on different frames for easier navigation and easier overall trad management for example M1 M5 M30 H1 H4 D1 W1 MN where each time frame will have a color red or blue based on moving average I guess Thanks a lot for your hard work

What you need is a moving average to tell you the trend and a volatility-based indicator like the Chandelier Exit working together to help you enter and stay in the market. How you manage your entries and exits will determine how much money you will make out of the market and your RR management skills.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,902
  • Aug 22, 2013 8:00am Aug 22, 2013 8:00am
Quoting farhad10
Hello to all I took this trade in H4 TF please look at the pics! ( I also know that the previous res might be the next support ) at the H4 good angle, top of the 68 line, stoch confirm At the H1 Good angle and Bounce but under 32 line but at the m30 it is bouncing and upward!! Which of them should be relied on?! I just pay attention to H4 and go on a short trade! ( of course by ignoring the supp) {image} {image} {image}

No one to reply?!

 

  1. Post# 23,823

  • #23,903
  • Aug 22, 2013 8:05am Aug 22, 2013 8:05am
Quoting emmanuel7788
{quote} TMS entry and exits rules are so few. - TDI cross - APB change colour candle #1 and #2 - Stoch confirms - PA - Supp/Res. You mentioned George Soros. Is George Soros a trader or an investor? You know the Turtle traders? they also trade a very simple system and became very rich. But they eventually also lost a lot of money.
Thanks for the reply I have been waiting for. These entry rules are pretty simple except the PA of which I am yet to get them in my mind and look for them in the chart. George Soros is one of the greatest traders in the world and he is called as "the man who broke the Bank of England" by trading on GBPUSD with all his money in Billions.

I have so many TDI alert indies. But none of them gives me alert on green cross red. They alert on other TDI rules.

I could see the divergence in EA. I will look for exit if the market reverses to go up.

Fx..
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  • #23,904
  • Aug 22, 2013 8:11am Aug 22, 2013 8:11am
Quoting farhad10
{quote} No one to reply?! Post# 23,823
Hello buddy I saw your post but I left it to senior traders to answer. Anyway, here it is. You should not compare with too many charts. You will get confused by looking at too many time frames because the market is at different stages of up trend or down trend in each time frame. If you are trading on H4 compare with the Daily trend. Similarly H1 with H4, M15 with H1. This is pretty simple funda.

Fx..
  • #23,905
  • Aug 22, 2013 8:21am Aug 22, 2013 8:21am
Quoting Fx-optimus
{quote} Hello buddy I saw your post but I left it to senior traders to answer. Anyway, here it is. You should not compare with too many charts. You will get confused by looking at too many time frames because the market is at different stages of up trend or down trend in each time frame. If you are trading on H4 compare with the Daily trend. Similarly H1 with H4, M15 with H1. This is pretty simple funda. Fx..

Thank u man!


So we should pay attention to one TF upper.
Of Course trade go down and Maked money!


best Regards
  • #23,906
  • Aug 22, 2013 8:22am Aug 22, 2013 8:22am
I was doing some practicing last night on old charts. I was paying particular attention to "bounce" trades. I did not realize so many pips come from those.

Seriously some big time profit available with common sense entries.
  • #23,907
  • Aug 22, 2013 8:31am Aug 22, 2013 8:31am
Quoting emmanuel7788
{quote} gsbharaj, You post your chart of every trade you take and write down your thoughts based on what you see and give 5 reasons why you took the trade. I'll guide you only on the condition you post with your charts. regards, EMAMNUEL
From today I will post my trades here for post mortem. I am on cell right now. So will go home and post my todays trade..

Thank you
Come tomorrow, I'll wake up new
  • #23,908
  • Aug 22, 2013 8:31am Aug 22, 2013 8:31am
Quoting Andyvix833
I was doing some practicing last night on old charts. I was paying particular attention to "bounce" trades. I did not realize so many pips come from those. Seriously some big time profit available with common sense entries.
Bounce from where? Post with clarity pl. Not like a puzzle.

Fx..
  • #23,909
  • Aug 22, 2013 8:43am Aug 22, 2013 8:43am
Quoting Fx-optimus
{quote} Bounce from where? Post with clarity pl. Not like a puzzle. Fx..
Hey FX,

Like sometimes you'll see tdi cross then go on a run then start to hook so guys might take profit. But if on the next candle price resumes its move and tdi just bounces not crosses over, depending on the set up u can re-enter and ride the wave, some big trends especially allow for entry or re-entry and more pips. I'll post a chart when I get back to my Pc but look at some early training charts from Big E
  • #23,910
  • Aug 22, 2013 8:48am Aug 22, 2013 8:48am
Hi guys, new to the forum and to forex trading, been reading through this thread and trying out his mthod with virtual money. Had mixed results so far, I feel like I understand the method, I just need to try and be more selective about the trades I go in for. So thought I'd sign up on the forum to post my charts, get advice on what I'm doing right and wrong and just say hello to everyone.

Dan
  • #23,911
  • Aug 22, 2013 8:54am Aug 22, 2013 8:54am
Quoting Fx-optimus
{quote} Bounce from where? Post with clarity pl. Not like a puzzle. Fx..
It's not a puzzle, it's what Big E used to call them. He had two kinds of trades, 1. trade after a cross of green over red and 2. trade the bounce, after the green line turned towards the red line but reversed instead of crossing back.
  • #23,912
  • Aug 22, 2013 9:10am Aug 22, 2013 9:10am
USD/CAD 1H
  • #23,913
  • Aug 22, 2013 9:17am Aug 22, 2013 9:17am
Quoting Sicarius
USD/CAD 1H
Do you want to sell because green crosses red down? I would wait for a while to see if it's not a retracement while the trend is still up. Maybe if the PA breaks the lower line of the PAC.
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  • #23,914
  • Aug 22, 2013 9:22am Aug 22, 2013 9:22am
Ok guys. I got it. The bounce re entry gives more profit on continuation of the trend after some breathing by the market. Green bounce red was missing in the post. By the way my short entry(real account) in EURAUD is gaining momentum with +60 pips. The order was entered on the opening of the H4 candle this morning shown in red arrow. I have locked at BE and set a target of 200 pips. I hope this will go even beyond because of positive China data this morning. Don't follow my trades. I could be wrong.

Fx..
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  • #23,915
  • Aug 22, 2013 9:23am Aug 22, 2013 9:23am
Quoting Dannoo360
Hi guys, new to the forum and to forex trading, been reading through this thread and trying out his mthod with virtual money. Had mixed results so far, I feel like I understand the method, I just need to try and be more selective about the trades I go in for. So thought I'd sign up on the forum to post my charts, get advice on what I'm doing right and wrong and just say hello to everyone. Dan

Hi

Welcome Buddy


This is really a simple method. try to pay attention to the pics that share in this topic and then read all of late eelfranz's and the others posted !

Try not to jump to every trade in demo mode. it may loose your confidence. just trade as you see and as you learn.


If you read this thread and you will learn it as soon as possible!


Just try not to add any other method to it!
  • #23,916
  • Aug 22, 2013 9:26am Aug 22, 2013 9:26am
Quoting Dabbeljoe
{quote} Do you want to sell because green crosses red down? I would wait for a while to see if it's not a retracement while the trend is still up. Maybe if the PA breaks the lower line of the PAC. {image}
Hey guys, USD is strong and Cad is weak. This will bounce back on dips. Wait and watch for clear confirmation of down trend before entering short.

Fx..
  • #23,917
  • Aug 22, 2013 9:26am Aug 22, 2013 9:26am
Quoting Dabbeljoe
{quote} Do you want to sell because green crosses red down? I would wait for a while to see if it's not a retracement while the trend is still up. Maybe if the PA breaks the lower line of the PAC. {image}
Yea I don't know wtf I'm thinking, if it closes as a bearish englufing I'm still going to take it but doubtful now.
  • #23,918
  • Aug 22, 2013 9:32am Aug 22, 2013 9:32am
Quoting Sicarius
{quote} Yea I don't know wtf I'm thinking, if it closes as a bearish englufing I'm still going to take it but doubtful now.
If yopu check the same chart now and compare it with the chart I posted 13 minutes ago, you'll see that the green line is repainting. There is no crossing or near crossing now. It can change again, but that's why you'll need to wait until the bar is closed and you see a real crossing over.
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  • #23,919
  • Aug 22, 2013 9:38am Aug 22, 2013 9:38am
Took this trade today , thought market would follow the trend south , PA makes a push down but found support, US new comes negative, AUD found momentum and pushes higher, exit the trade with -25 pips

Any body can share your thoughts about my mistakes for the trade I would be very thankful and appreciate your time
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I Have Learned to Take Some Losses to Make Profits
  • #23,920
  • Aug 22, 2013 9:49am Aug 22, 2013 9:49am
Quoting farhad10
{quote} Hi Welcome Buddy This is really a simple method. try to pay attention to the pics that share in this topic and then read all of late eelfranz's and the others posted ! Try not to jump to every trade in demo mode. it may loose your confidence. just trade as you see and as you learn. If you read this thread and you will learn it as soon as possible! Just try not to add any other method to it!
Hey, thanks for the advice, I am slowly working my way through all the posts, only on page 100 so far, it's like reading a book lol. Except I had to skip to the end to see if the system still worked and it appears it does. Sad to hear eelfranz past away, may he rest in peace.

You're right I need to learn not to jump in on every trade, so far I just see the cross over of the TDI and see if Sto is going in similar direction and study PA. I need to remember the 10 - 2 and 4 - 6 to not jump in when the green looks week, same with the candles.

Thanks for reply, I will study more charts so that it all comes as second nature.
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