Trading Made Simple | Page 1223 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #24,441
  • Sep 1, 2013 10:40am Sep 1, 2013 10:40am
Quoting TheScorpS
EUR/USD Big Picture Planning I'm trying top down analysis here, this pair is in down trend following Thursday move, so Plan A is looking to short the pair 1st chart daily 2nd 4H Last 1H Purple Line is last month high and low Orchid line is last week high and low Gold line is support and resistance drawing using line chart from daily time frame Lime is support and resistence drawing using line chart from 4H timeframe I put my notes on the chart, let me know what I misses, or if you agree with the plan or disagree, thanks {image} {image} {image}
Good analysis TheScorpS.
What you could add is a filter for entering a counter trend(plan B).
Since the trend is down, if you get the short signal, you can get in.
For entering the long signal(since its counter trend), you need to make sure you have some extra confirmation (could be TDI cross above MBL, could be break of structure, could be breakout of resistance and then Resistance becomes Support confirmation, could be double bottom divergence at structure...)

just my 5 cents..

:-)
  • #24,442
  • Sep 1, 2013 10:51am Sep 1, 2013 10:51am
Big Picture Planning EUR/USD

Weekly trend is up, but ranging is a possibility.

Daily is in a corrective down movement ( See daily chart below )
I expect Daily to descent to 1.3113/1.3040, maybe directly but I suspect after reaching 1.3288 first.
To resume weekly uptrend from there. ( 1.3800 or 1.3920, but that's too far away for now )

4H TDI is in overbought erea, sharp cross up and sitting on support.

Primary target is 1.3280, secondary target 1.3113
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BBPEUD1SEPT2013.jpg Size: 183 KB
Click to Enlarge Name: BBPEU41SEPT2013.jpg Size: 190 KB
Don’t ever let someone tell you that you can’t do something.
  • #24,443
  • Sep 1, 2013 11:24am Sep 1, 2013 11:24am
my attempt for big picture planning.

  1. First chart is showing h4 support and resistances with line chart.
  2. Second chart is the daily support and resistances with line chart.

The price has formed a doji at a strong resistance of the daily charts. it will find resistance there. despite the trend is down, it is going to go up soon. lets see by tokyo open what happens.

i am lost

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
Click to Enlarge Name: Screenshot2.png Size: 39 KB
Come tomorrow, I'll wake up new
  • #24,444
  • Sep 1, 2013 11:37am Sep 1, 2013 11:37am
Hello Traders,

I wanted to thank the many of you that attended the workshop yesterday.

I hope you found value in the information.

The videos will be posted later in the week, so check the blog over the next few days.

All the best.

dcginc - Rick
  • #24,445
  • Edited 4:15pm Sep 1, 2013 11:49am | Edited 4:15pm
Hello to all


For those who want to have a confirmation for their entry, One of the best ways is to compound Bollinger bands with TDI ( JUST and JUST for confirmation not any thing else )


I depict the confirmations areas with yellow ellipses!
When Bollinger band becomes flat it is a signal that can be a confirmation for TDI


Have a good Start this week!


Regards
Attached Image (click to enlarge)
Click to Enlarge Name: dddd.JPG Size: 114 KB
  • #24,446
  • Sep 1, 2013 12:30pm Sep 1, 2013 12:30pm
Quoting Nellycopter
PHX62 - Hi , you mention in your pdf,s that i am currently reading through that you only use the origional TDI which doesnt move with each tick, is this still the case and could you upload the one you are using please ? nelly

Attached File(s)
File Type: ex4 Traders_Dynamic_Index.ex4   5 KB | 1,019 downloads
Attached File(s)
File Type: mq4 Traders_Dynamic_Index.mq4   9 KB | 1,199 downloads
  • #24,447
  • Sep 1, 2013 12:31pm Sep 1, 2013 12:31pm
Quoting gsbharaj
my attempt for big picture planning.
Made a quick NZD/USD BBP (Need to leave soon)
I think we will see a bearish move down, with primary target around that blue box Cfr. Picture below
Don't rely have a second target where I feel comfortable with

EDIT : So I would search for a good spot to sell without keeping my eyes open for possible reversal off course
Attached Image (click to enlarge)
Click to Enlarge Name: BBPNUD1SEPT2013.jpg Size: 187 KB
Don’t ever let someone tell you that you can’t do something.
  • #24,448
  • Sep 1, 2013 12:36pm Sep 1, 2013 12:36pm
I like to take the trade example posts by Emmanuel as well as the pdf files he posts and attempt to learn from his reasoning.

He keeps his chart to the bare minimum showing only the tools that he uses every day.

He dissects the price action to determine his entries and attempts to achieve precision.

Hopefully I can develop a similar skill.
  • #24,449
  • Sep 1, 2013 12:54pm Sep 1, 2013 12:54pm
Quoting Uk1
{quote} Thanks Dabblejoe, appreciated. To summarise where I am in my trading journey, I started learning to trade about 8 months ago. I've been studying intensively, and had a lot of screen time over the last 8 months, also trading a small micro account, to get some live experience. I've started loosing less, in the last month or so with more breakeven / winners, so I guess I'm on my way to success, but I'm under no elusions as to what is required in the long term to become truly successful (although I did started out with all the typical 'newbie'...
Sounds like my trading path, I started trading 6-7 months ago, so i'm just behind you, making the same mistakes, getting better slowly, just like you. I'm not a full time trader, also have kids and another job, but i work at home, am my own boss, so I'm flexible. I think I spent 25-30 hrs per week trading.
  • #24,450
  • Sep 1, 2013 12:58pm Sep 1, 2013 12:58pm
Greetings to all

First time poster and have been faithfully starting from page 1 and am now at page 520..(not even half way).

This is like a time warp for me as this thread started in april of 2011 and is like a awesome book that you cant put down.

Hope to see you TMS posters soon in a few months..now Im going back into time warp august 2011

Max Value
" Liver alone,,,Cheese my Seester "
  • #24,451
  • Sep 1, 2013 1:01pm Sep 1, 2013 1:01pm
Quoting farhad10
Hello to all For those who want to have a confirmation for their entrance, One of the best ways is to compound Bollinger bands with TDI ( JUST and JUST for confirmation not any thing else ) I depict the confirmations areas with yellow ellipses! When Bollinger band becomes flat it is a signal that can be a confirmation for TDI Have a good Start this week! Regards {image}
What are your bollinger band settings?
Come tomorrow, I'll wake up new
  • #24,452
  • Sep 1, 2013 2:05pm Sep 1, 2013 2:05pm
Quoting emmanuel7788
TRADING CONSISTENCY Trading consistency is a common challenge among traders to achieve and maintain. How many of you folks trading TMS face this challenge(problem)? Do you feel that it is time you open up and admit this? Do you believe there is 'light at the end of the tunnel' to your problem? Post and reply 'YES' to this. This will help me focus and work on what I will share as we move forward from today. There is nothing new nor technical things to add to TMS. The basics of the method are all here and have been repeated over and over CONSISTENTLY....
Yes. I'm not consistent. I think my challenge is putting it all together. A flowchart /work breakdown structure would probably assist me in slotting things in place and making me more focused. Just had a thought, i'll try to develop something in those lines that maybe we can all collaborate on.

Axiom
  • #24,453
  • Sep 1, 2013 4:56pm Sep 1, 2013 4:56pm
And I forget to say :

YES EMMANUEL
Don’t ever let someone tell you that you can’t do something.
  • #24,454
  • Sep 1, 2013 5:02pm Sep 1, 2013 5:02pm
NY just open...seconds ago.
Now the fun starts for September.

Green Pips to Everyone trading TMS.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,455
  • Sep 1, 2013 5:17pm Sep 1, 2013 5:17pm
Thanks Emanuel, I wish you happy new month of trading and the rest of Tms warrior. Can you please fetch me the automatic profit conserving EA you use for your trading position. I hope you don't mind for I cannot remember its actual name?

Regards

Dalytec.
  • #24,456
  • Sep 1, 2013 5:22pm Sep 1, 2013 5:22pm
Quoting gsbharaj
{quote} What are your bollinger band settings?
You posted earlier saying that you want to be profitable this month.

Take my advice, do not go there with another indicator on your price chart when you want to be profitable. The Bollinger Band BB is a Volatility indicator in case you do not know that and the default is set to (20, 2). The BB will not be part of the edge which you are still seeking.

What the BB tells you is already shown with both the full TDI and the APB.

Remember, we trade the price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,457
  • Sep 1, 2013 5:32pm Sep 1, 2013 5:32pm
Quoting dcginc
Hello Traders, I wanted to thank the many of you that attended the workshop yesterday. I hope you found value in the information. The videos will be posted later in the week, so check the blog over the next few days. All the best. dcginc - Rick
Hey Rick,
I didn't get to see the workshop yesterday because of work but look forward to watching the taped version as soon as it's posted. Thanks for helping us traders with your information. I certainly appreciate it and i'm sure plenty others do as well.
  • #24,458
  • Sep 1, 2013 5:41pm Sep 1, 2013 5:41pm
Quoting dalytec
Thanks Emanuel, I wish you happy new month of trading and the rest of Tms warrior. Can you please fetch me the automatic profit conserving EA you use for your trading position. I hope you don't mind for I cannot remember its actual name? Regards Dalytec.

Hi Dalytec,

I think you mean the trade manager EA called Multi Purpose Trade Manager or MPTM its better known shortname.

Several posts were made here in this thread. Use the forum search with keyword "MPTM" and you will see 48 posts made so far.

The post with MPTM link is here in post# 16,161.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,459
  • Sep 1, 2013 5:45pm Sep 1, 2013 5:45pm
Quoting max value
Greetings to all First time poster and have been faithfully starting from page 1 and am now at page 520..(not even half way). This is like a time warp for me as this thread started in april of 2011 and is like a awesome book that you cant put down. Hope to see you TMS posters soon in a few months..now Im going back into time warp august 2011 Max Value
Hi Max,

WELCOME! this being your first post.

Yes, the pages are increasing in this thread. But the core trading method remains the same and we all work together to keep it simple.

Look forward to see you post your first trade and chart.

Good Trading going forward.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,460
  • Sep 1, 2013 6:12pm Sep 1, 2013 6:12pm
Hi I'm trying to get my head around this method been reading this thread and Xman's.
Can someone point me in the direction of that blog above #24460 please, the vid's to watch will make things so much easier.

Loving it so far won't post any questions as yet till I've have a better read of the threads.
cheers
71 traders viewing now