Trading Made Simple | Page 1279 | 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

  • #25,561
  • Sep 27, 2013 6:18am Sep 27, 2013 6:18am
Quoting Pervis
EJ H1 trade. This week is not too much busy with my daily work at the office, hence I'm try to trade the way Phx62 did. Only one pair and only one TF H1. There were not perfect trades I take but I can see some breath, soul of the pair and the TF which I focus on. I'm not a professional trader to advise to someone but I strongly recommend new trader like me choose one pair for trading until you become master and consistency then you can move to another one. {image}
Good job!
  • #25,562
  • Sep 27, 2013 6:54am Sep 27, 2013 6:54am
How you can improve your TMS trading result is to learn to identify the Market Type to trade.

TMS is a trend trading method and I want to emphasize this again and again.

You can trade the trend of that timeframe you choose. See my favourite pic below..

But the challenge is the same for every trader, both new traders and also the experienced traders.

On our TMS charts, there are two trends we see on every chart.

1) The Price trend

2) The TDI trend.

This may surprise some of you reading this now. But the experience traders knows what I mean in saying this now.
There is a relationship between the two trends - the Price trend and the TDI trend.

And until you find the logical relationship between the two trends and apply that in your trading system development, you will not have the winning edge you are searching for.

The Master Candle which I introduce here into TMS is just one of several tools I use to identify the market type.

You may ask: Why am I saying all these now? Am I making changes to TMS? If I am, why? etc. etc. etc.

This is something which you have to figure out this weekend when you do your usual back-testing to practice and learn.

Market Trends below:

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,563
  • Sep 27, 2013 7:07am Sep 27, 2013 7:07am
Quoting emmanuel7788
{quote} ryanlum, MASTER CANDLE ... Please read post 25,540 Learn this well and it will keep you out of ranging market. regards, EMMANUEL
Hi Emmannuel,

Thank you for pointing me to that chart

Shall continue learning from you all

Thanks
Ryanlum
  • #25,564
  • Sep 27, 2013 7:40am Sep 27, 2013 7:40am
EU 27 Sep H4 trade:

Market has been sideways this whole week.
So this is the best I can do with EU 4H seeing a divergence between TDI and Price.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 27 Sep LO H4 trade 27-9-2013 8-34-35 PM.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,565
  • Sep 27, 2013 7:46am Sep 27, 2013 7:46am
Same trade as Emmanuel's, I entered on H1.
eu +50
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2013-09-27_08-36-49EUH1.png Size: 30 KB
If you're going through hell, keep going. Winston Churchill
  • #25,566
  • Sep 27, 2013 9:15am Sep 27, 2013 9:15am
Traded Kiwi on TDI crossover @ 4hr.
SL just above high of previous candle.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 82 KB
  • #25,567
  • Sep 27, 2013 9:26am Sep 27, 2013 9:26am
Eight trades this week on EJ H1 with some nice price action.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.9.27 ej h1 week.png Size: 96 KB
  • #25,568
  • Sep 27, 2013 9:45am Sep 27, 2013 9:45am
Quoting Phx62
Eight trades this week on EJ H1 with some nice price action.{image}
Beautiful !

Have a great weekend, Sir.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,569
  • Sep 27, 2013 9:54am Sep 27, 2013 9:54am
am still in the e/u and nzd/jpy trades but i really dont feel like leaving them on over the weekend am watching to take profit any time from now
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpyh41.png Size: 31 KB
thankyou gregwilson
  • #25,570
  • Sep 27, 2013 9:56am Sep 27, 2013 9:56am
Quoting Imi
Same trade as Emmanuel's, I entered on H1. eu +50 {image}
I took the similar one based on H1 at 1.35054, and exited when it fast hit yesterday high and exceed 100% ADR. I also took GU at the same time. My idea behind this trade might be little different to yours anyway.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,571
  • Sep 27, 2013 10:01am Sep 27, 2013 10:01am
Quoting emmanuel7788
EU 27 Sep H4 trade: Market has been sideways this whole week. So this is the best I can do with EU 4H seeing a divergence between TDI and Price. {image}
Congretulations!

This week I learned Master Candle and many useful tips from you. Thank you and have a great weekend.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,572
  • Sep 27, 2013 10:29am Sep 27, 2013 10:29am
i hope with time i can learn better exits for more pips for now am sticking with tdi exit am still reading the thread anyway is there any specifi page for diffrent types of exits?emmanuel
thankyou gregwilson
  • #25,573
  • Sep 27, 2013 10:48am Sep 27, 2013 10:48am
Quoting heispark
{quote} I took the similar one based on H1 at 1.35054, and exited when it fast hit yesterday high and exceed 100% ADR. I also took GU at the same time. My idea behind this trade might be little different to yours anyway.....
Hi, I saw the gu as well, but choose eu instead because it required less SL,
and was more room to yesterday's high, whereas gu just bounced off few candles before.
When eu reached YH, I switched to M5 and
followed every candle close. They all stayed blue until target was reached. On my chart adr high was at
my target point at 1.3555
If you're going through hell, keep going. Winston Churchill
  • #25,574
  • Sep 27, 2013 12:58pm Sep 27, 2013 12:58pm
hello guys,

i think its time for me to say goodbye to this system. i know this is a very simple system but i never benefited from it. maybe i was too dumb. there are very good traders using this system. i congratulate them.
all the best to everyone.

happy trading


regards
Come tomorrow, I'll wake up new
  • #25,575
  • Sep 27, 2013 1:00pm Sep 27, 2013 1:00pm
Quoting munirpt
{quote} Good job!
Thank you, sir!
  • #25,576
  • Sep 27, 2013 1:02pm Sep 27, 2013 1:02pm
Quoting Phx62
Eight trades this week on EJ H1 with some nice price action.{image}
Excellent!!! Thank you very much...!
  • #25,577
  • Sep 27, 2013 1:13pm Sep 27, 2013 1:13pm
Quoting gsbharaj
hello guys, i think its time for me to say goodbye to this system. i know this is a very simple system but i never benefited from it. maybe i was too dumb. there are very good traders using this system. i congratulate them. all the best to everyone. happy trading regards
I don't mean to be rude, but you never benefited not because of the system, but because you refuse to listen to whatever advice other people give you. You repeat the same mistakes over and over, in your case it is not a matter of choosing the right system for you, it is about learning forex 101. You're getting ahead of yourself and no system will ever turn any profit to you if you don't focus on the basic stuff before studying any system...

Anyway, if you have made up your mind, then I guess it's meaningless for me to say this - I wish you the best of luck, and hopefully a brighter future in your trading career
I apologize to anyone reading if I sounded hostile and mean, it was not my intention.
  • #25,578
  • Sep 27, 2013 1:17pm Sep 27, 2013 1:17pm
Quoting gsbharaj
hello guys, i think its time for me to say goodbye to this system. i know this is a very simple system but i never benefited from it. maybe i was too dumb. there are very good traders using this system. i congratulate them. all the best to everyone. happy trading regards

Gsbharaj if you choose to say "goodbye" to this system i advise you say "goodbye" to trading all together, due to the conversation we had regarding gambling.

Many very good traders have tried to help you, especially Emmanuel, who you should thank immensely.

From here you have two options.

1. Quit trading all together

2. Go back to the drawing board and re-start your learning.

The impression i got of you was you lacked the most fundamental qualities required to be a trader.

I don't mean to be rude in anyway possible and wish you all the best.

A.
  • #25,579
  • Sep 27, 2013 1:37pm Sep 27, 2013 1:37pm
Quoting gsbharaj
hello guys, i think its time for me to say goodbye to this system. i know this is a very simple system but i never benefited from it. maybe i was too dumb. there are very good traders using this system. i congratulate them. all the best to everyone. happy trading regards

Dear gsbharaj;


U say u couldn't use the advices from many traders such as Emmanuel & ,,,,, ! OK no problem!

before saying farewell to this system, I have an advice 4 U ! try to learn how to use MASTER CANDLE ! I promise that u can learn it as soon as possible and take profit from this learning!


Just read these posts!

  1. Post# 25,540
  2. Post# 25,547
  3. Post# 25,542

Look at old charts and see how MC have been treated in various conditions !

If u had any question about them, Ok, no problem ! ask, then we can go ahead step by step! U can win by using MC at H4 , H1 !

NEVER GIVE UP!

  • #25,580
  • Sep 27, 2013 1:47pm Sep 27, 2013 1:47pm
guys i know i am not smart at trading as i am very new. it will take time for me to grab things. please don't be rude.

all the best for you for bright and prosperous future.
Come tomorrow, I'll wake up new
75 traders viewing now