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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

  • #28,981
  • Jan 12, 2014 4:15am Jan 12, 2014 4:15am
Quoting cigarguy
{quote} I don't trade with MT4, use another ECN Platform, but pulling up a quick 4hr chart, how about a HS with support as indicated. I scalp lower t/f's that is why I don't post much and deviate from the TMS 4hr method and teaching. {image}

I see a 50% retracement of Dec Low-High and market went sideways.
Price play between 142 and 143. So I play the RN until I see a break away move.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,982
  • Edited 6:31am Jan 12, 2014 4:22am | Edited 6:31am
Quoting emmanuel7788
{quote} I see a 50% retracement of Dec Low-High and market went sideways. Price play between 142 and 143. So I play the RN until I see a break away move.
The day chart looks like a pullback and I think MM's have buy orders setting at the 142 area to run it back up? We will see what happens. I just try to ride along with them and grab a few pips along the way.

With the stopping volume we had late Friday looks like the MM' are Bullish IMO.

Sorry for the pivots. Showing 4hr tf on my 15m chart.

Found FX Empire analysis; The EUR/JPY pair fell during the week, but regained quite a bit of the losses in order to form a relatively neutral, but slightly negative candle. At the end of the session on Friday, it appears that we are going to have support coming back into the marketplace, and perhaps heading towards the 145 level again. That level should continue to be resistance, but if we can break above 145, we believe that the EUR/JPY pair will be heading to the 150 handle. Because of this, shorting is not possible.

Could be?

My 2 cents.
Attached Image (click to enlarge)
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Attached Image
Keep It Simple
  • #28,983
  • Jan 12, 2014 4:56am Jan 12, 2014 4:56am
Quoting emmanuel7788
EJ Monthly view: Look at EJ MN chart below. We dont see any historical price swings in 2009 to 2013. Look further back to 2006, there are two significant price swing levels which can come into play. 2006 is too far back some may say. So next week 03 onwards, what shall we use for support and resistance? anyone like to share? {image}
Hi Emmnauel, this is how I see EJ at the moment, based on PA on the H1 chart, and looking at Daily too
Attached Image(s) (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #28,984
  • Jan 12, 2014 6:22am Jan 12, 2014 6:22am
Quoting lastingwell
+50 in Asia/London I saw the setup earlier on at between 1 and 2am gmt but it was too close to resistance I have on my chart so thought I would see what happened first. Finally took it after a pullback on m15, and went in at 5:15 gmt. Still close to resistance but good PA on H1 and second time trying to go through and more likely to break it. 2nd chart is m15 I was looking at as well. {image} {image}
Hi Lastingwell;
I would like to have the follwing Indicators.
(1) TDI-MTF[H].
(2) TDI-Matrix (H1/H4/D1).
I have search for this Indicators in the attachments but could not find.
If you don't mind, kindly share with us.
Thanking you in advance.
(I'm quietly learning from TMS posts, hopefully one day I will be successful trader )
  • #28,985
  • Jan 12, 2014 6:24am Jan 12, 2014 6:24am
Hi All,

Just looking at GBPUSD and some possibility's for the coming days: -

http://charts.mql5.com/3/553/gbpusd-...ari-uk-ltd.png

http://charts.mql5.com/3/553/gbpusd-...i-uk-ltd-2.png

All the best for the coming weeks trading.

Adam
  • #28,986
  • Jan 12, 2014 6:29am Jan 12, 2014 6:29am
My weekly analysis for the first 3 pairs :nerd:

GBP/USD: Weekly bullish bias 7/10
Looking for longs with max targets around [1,6575 - 1,6600]

EUR/JPY: Weekly bearish bias 6/10
Looking for shorts with max tergets around [139,70 - 139,15]

XAU/USD: Weekly bullish bias 7,5/10 But ! Resistance at 1250,25
Looking for longs with max targets around [1268,30 - 1289,15]

See you later
Don’t ever let someone tell you that you can’t do something.
  • #28,987
  • Jan 12, 2014 6:41am Jan 12, 2014 6:41am
Quoting allhappy
{quote} Hi Lastingwell; I would like to have the follwing Indicators. (1) TDI-MTF[H]. (2) TDI-Matrix (H1/H4/D1). I have search for this Indicators in the attachments but could not find. If you don't mind, kindly share with us. Thanking you in advance. (I'm quietly learning from TMS posts, hopefully one day I will be successful trader )
These are the ones I use:
Attached File(s)
File Type: mq4 TDI-MTF v1.03.mq4   8 KB | 549 downloads
File Type: mq4 TDI-MTF-zz-Matrix 3TF.mq4   16 KB | 568 downloads
  • #28,988
  • Jan 12, 2014 6:46am Jan 12, 2014 6:46am
Possible short and long term view of EURAUD!!!

Daily:-
http://charts.mql5.com/3/553/euraud-...ari-uk-ltd.png

and Weekly:-
http://charts.mql5.com/3/553/euraud-...ari-uk-ltd.png
  • #28,989
  • Jan 12, 2014 6:48am Jan 12, 2014 6:48am
Quoting lastingwell
{quote} These are the ones I use: {file} {file}
Hi Lastingwell,
Woh, This is very fast.
Thank you yery much.
AllHappy
  • #28,990
  • Jan 12, 2014 6:58am Jan 12, 2014 6:58am
Quoting emmanuel7788
{quote} what I see is that those multiple moving averages are hampering you to trade TMS 4H with the basic entry and exit rules. here is a post mortem chart below: {image} there were not significant S&R seen in weekly and monthly charts but D will show one swing high and that was eventually broken. below is D-chart, now we see S&R from nexrt week 03 play. {image} this week 02, we see that price level turned support with double bottom. do you see those candle marked 1 , 2 and 3? are these valid setup candles for TMS 4H entry?
Emmanuel,


I kept those Guppy MMA on for a few months now. I am not sure why I kept the short term ones on my charts though you are correct as I never looked at them one time I don't think! Longer I will keep for a while longer to help determine trend until I am more sure.

I see I could/should have entered on candles 1, 2 or 3. I was under the impression it would be better to wait until BO form the MC? Should I hav disregarded the MC? Is there any reason for this that you could show? So I can see it in the future if it is irrelevant?


irishtoffy
  • #28,991
  • Jan 12, 2014 7:18am Jan 12, 2014 7:18am
Quoting lastingwell
{quote} I am not an expert TMS trader, I am relatively new to the TDI, I have just read every post of phx62 and gone over and over his charts comparing them to mine, then found a way to "see" those trades more easily for me, until I ended up taking roughly the same trades in the same place as he does, thats all.
Hi Lastingwell,

When you were comparing your charts with phx62, what criteria you were taking in consideration in sense of entries, pa and market harmonics? Actually I am trying to do the same with not much luck. I guess the charts in the PDF is giving us smaller picture and in order to see the bigger picture, we have to zoom out bigger charts and base our decisions on it. Also, do you have figured out all the indicators on phx62 chart. Can you please share with me, if you have? Specifically I am looking for H4, weekly, monthly support resistance and any moving averages.

Thanks, hoperich
  • #28,992
  • Jan 12, 2014 7:18am Jan 12, 2014 7:18am
Hello,

Thanks for all the responses here. What i noted down and i will try to use is:

- be patient: donīt take every trade
- use an EA which puts your SL to BE + spread after a set amount of positiv pips
- donīt trade with high impact news (red news on calender), until i am not an experienced trader
- close open trades before high impace news will appear
- put a 50 pips emergency SL, but try to donīt let it hit. The best points for putting SL are lase swing level points

Can somebody give me such an EA for a jumping SL ?
Some people are drawing here lines for S/R where prive should finde special areas. Should i do this to as a H4 / H1 trader ?
@Phx62: are you also drawing these lines ? I didnīt see them in your summaries of trades.

What i want to learn is how Phx62 sets TP and SL. Sometimes just 50 pips, sometimes just little losses if 5 pips. He is exiting at the wicks of candles, just before price goes in the other way. How is that possible ?

Perhaps here are German traders ? Do you want to open a skype room to help each other ?

Best regards,

Fx94
  • #28,993
  • Jan 12, 2014 7:23am Jan 12, 2014 7:23am
Quoting Helanka
These days I did not trade on Live account.I do some back test. I have been checking EURJPY H1 *If I trade on every TDI Cross what happened to my trade. *if I trade on TDI cross above MBL(long)below MBL(short) what happened to my trade. *If I trade by using TDI confirmation with Pull back reversal/double top,bottom reversal/MC breakout what happened to my trade. When I checked i found almost every trade go MY side at least few pip & at least we have a chance to closed BE. But I need to recognize my SL/TP/ when how many pip go on my side I should...
Hi Helanka,

I thought we are following the same rule. Please see your comments quoting me. Please advise if I follow the same criteria or wait for experts:

Quoting hoperich
I have seen a lots of good trades; however I would like to share some bad ones and would like feedback from members. The trade went into positive direction for 24pips and then reverse. I have move the SL from 50 pips to 20pips and it stopped me. The pair E/U H1. {image}

I only hope 20 pip (SL 30 pip)on NY & Asian session & 50 pip on LO(SL 50 pip)
I enter trade from the beginning of the candle which after TDI red green cross &after setup candle closed Below or high of 5EMA.
As phx62 doing if my trade 20 pip trade I change SL as BE after 10 pip go on my side.If 50 pip trade after go 21 pip on my side.

So according to My trade plan,if I enter 20 pip trade on this setup hit my TP.If i enter 50 pip trade on this setup I exit on BE.


Thanks
Helanka.
  • #28,994
  • Jan 12, 2014 7:24am Jan 12, 2014 7:24am
Quoting emmanuel7788
EJ Monthly view: Look at EJ MN chart below. We dont see any historical price swings in 2009 to 2013. Look further back to 2006, there are two significant price swing levels which can come into play. 2006 is too far back some may say. So next week 03 onwards, what shall we use for support and resistance? anyone like to share? {image}
I would be looking at RN as R on EY when above 145.
  • #28,995
  • Jan 12, 2014 7:45am Jan 12, 2014 7:45am
hey emmanuel


i didnt know you traded the daily chart, something i am attempting to do with TMS with my custom version with some moderate success

do you read britpip7's tms for day charts thread?

thanks for the tips re: daily chart big picture planning. what i find is that letting profits run on the dailies and cutting losers can be a very winning combo, as when you hit a run it can get really big. what im experimenting with is part close/ jumping stop routines with MPTM to try and lock in gains after i hada 'home run' trade undergo a large reversal in a day, a few months back

thanks, blam


Quoting emmanuel7788
D-chart trading: For those of you who do not have time to trade H1 and H4 and now wants to trade the D-chart timeframe, you need to start doing your Big Picture planning. Do your Big Picture for these pairs: AUDUSD EURUSD GBPUSD EURJPY AUDJPY EURAUD EURNZD EURCAD GBPAUD GBPNZD GBPCAD EURGBP These are the pairs I trade on D-chart. You need to know where the MN and W1 price swing levels are and use them as support and resistance when we look at our D and H4 charts. Setups are seen on D chart. We do not jump into the market using D candles. We wait...
  • #28,996
  • Jan 12, 2014 7:54am Jan 12, 2014 7:54am
cigarguy

the accumulation phase pic you uploaded is not displaying properly - is it linked to your volume indicator which i noticed? are you using sonicR pva indicator? as i am using that (taken from the TDI chaos thread) - and doing a lot of reading about forex and volume at the moment with a pdf from the sonicr thread. it mentions accumulation and distribution. i feel that volume will definitely add an extra layer to my understanding of price movement, it is the only technical indi which is not a mathematical derivative of the price

ive also just ordered the book "A Complete Guide To Volume Price Analysis" by anna coulling, which i meant to be really good

any of your thoughts on this would be greatly appreciated

blam


Quoting cigarguy
{quote} The day chart looks like a pullback and I think MM's have buy orders setting at the 142 area to run it back up? We will see what happens. I just try to ride along with them and grab a few pips along the way. With the stopping volume we had late Friday looks like the MM' are Bullish IMO. Sorry for the pivots. Showing 4hr tf on my 15m chart. Found FX Empire analysis; The EUR/JPY pair fell during the week, but regained quite a bit of the losses in order to form a relatively neutral, but...
  • #28,997
  • Jan 12, 2014 10:14am Jan 12, 2014 10:14am
Quoting blamshakk
cigarguy the accumulation phase pic you uploaded is not displaying properly - is it linked to your volume indicator which i noticed? are you using sonicR pva indicator? as i am using that (taken from the TDI chaos thread) - and doing a lot of reading about forex and volume at the moment with a pdf from the sonicr thread. it mentions accumulation and distribution. i feel that volume will definitely add an extra layer to my understanding of price movement, it is the only technical indi which is not a mathematical derivative of the price ive also just...
I do look at the volume to get a feel as to the sentiment of the market makers ( bearish/bullish ) and verify volatility prior to placing an order. As you know, fx volume is not widely used due to the limited data supplied by the traders broker, not being a centralized market.

I have not studied volume in depth as you intend to do, but as you stated, no doubt their is much that can be gleamed from your studies that will enhance your PA understanding. This being a TMS thread, I will not discuss any additional understanding I have about volume here, but would welcome a PM if you would like to go into more dept on the subject.

Regards,
Cigarguy
Keep It Simple
  • #28,998
  • Jan 12, 2014 10:21am Jan 12, 2014 10:21am
thanks for the info, also pm sent

Quoting cigarguy
{quote} I do look at the volume to get a feel as to the sentiment of the market makers ( bearish/bullish ) and verify volatility prior to placing an order. As you know, fx volume is not widely used due to the limited data supplied by the traders broker, not being a centralized market. I have not studied volume in depth as you intend to do, but as you stated, no doubt their is much that can be gleamed from your studies that will enhance your PA understanding. This being a TMS thread, I will not discuss any additional understanding I have about volume...
  • #28,999
  • Jan 12, 2014 12:23pm Jan 12, 2014 12:23pm
Hi Guys, I finally finished reading all these posts...wow! Okay this is my first post here at FF....what do you guys think of the EUR/NZD setup? I'm a newb...and I'm tired of losing trades....does this look like a good trade? Cheers from the great white north
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  • #29,000
  • Jan 12, 2014 1:55pm Jan 12, 2014 1:55pm
Quoting Fx94
Hello traders, Here are 3 charts of my trades taken on E/J different timeframes. Chart 1: - 16 pips. I took the trade after i saw a double bottom, on the break of the red candle. Didnīt inform myself about the calendar. So i wondered about this big red candle. Then i looked up and saw the NFP news. But it was for USD / CAD and i trade E/J so i donīt understand why this pair also moved. Chart 2: I tried a m15 entry, but as usual i failed. I saw the big pullback candle and the kink in the green TDI line so i thought the price will go up: FAIL. Lost...
Fx94,

You sound really frustrated and I wanted to give you some advise on trading the TMS. I know this thread is super long with a lot of information in it, some good and some bad. I would suggest that you go back to the start of this thread read all of the posts from eelfranz. I did this by clicking on his username to access his profile, then I just started reading his posts.

From your question, it appears that you are, like many others now in this thread, taking the TMS in a different direction with other indicators and the way you want to manage the trade. I am not trying to be critical of others' methods. I'm only saying that if you are completely frustrated, and it sounds like you are, stop trading and go back and relearn the TMS the way it was originally intended:

1.) Trade the 4H chart.
2.) Look for entries ONLY at 1:00AM AND 5:00AM EST (New York Time). It appears to me that you charts are one or two hours off of mine, which are the same charts that eelfranz used. For reference, the NFP release on Friday was at 1530 on my charts.
3.) Close your trades at 9:00AM EST, regardless of what the technicals tell you. On news days like Friday, you want to close the trade out before the news hits. Take your profit for the day and rest. There will be more opportunities the next day. Yes, you will miss out on "runners" and "home-runs" but this is the discipline of the system.
4.) Take your signals from the TMS indicators only.

You don't need a whole lot else to be profitable with this system. Eelfranz used to tell people to stop messing with the system and just let it work as designed. I really believe if you do so, your frustration will be a thing of the past.

Respectfully,
Mike
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