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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

  • #31,421
  • Feb 25, 2014 9:34am Feb 25, 2014 9:34am
Quoting WDays
{quote} Be careful because I've heard this supdem indi repaints hardcore. Never used it myself, but it's testimony from others
I only really use it on the higher TF's and should really draw my own. I think the insanity indicator, leaves an empty box for zones that are not 'fresh' though supdem has 'kill retouches' option. It just basically gives me a rough idea of where price action is going to get hung up, or will reverse.
  • #31,422
  • Feb 25, 2014 10:04am Feb 25, 2014 10:04am
symmetrical triangle
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Sad i'm not trying to understand PA
  • #31,423
  • Feb 25, 2014 10:12am Feb 25, 2014 10:12am
Pull back bar formed on GU M15. I was watching it but thought price wouldn't reverse right away after such move and didn't take it. As it turned out, I should. lol

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Since I missed it I guess I'm calling it a night.
Everything you can imagine, is real - Pablo Picasso
  • #31,424
  • Feb 25, 2014 10:14am Feb 25, 2014 10:14am
Nope, can't be bothered with this market.
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  • #31,425
  • Feb 25, 2014 11:35am Feb 25, 2014 11:35am
Hi,

Just wondering if Eelfranz still posts? I am going through all his posts first.
  • #31,426
  • Feb 25, 2014 11:45am Feb 25, 2014 11:45am
Developing setup on USDJPY H1? Looks similar to 20 Feb (pink areas).
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  • #31,427
  • Feb 25, 2014 1:26pm Feb 25, 2014 1:26pm
Quoting MrAussieFX
{quote} Hostwey, I took that trade AU long H1 but exited with 23 pips as there was resistance but it went past the resistance I could have gained 20+ pips more if stayed longer. Took the trade off the bounce (green off red) Or could have entered way earlier that would be profitable too but overall happy for the trade. {image} Regards

Hi Mr Aussie

May I know what is the period of MA you use on the price chart (yellow line)?

Thanks and regards
  • #31,428
  • Feb 25, 2014 1:29pm Feb 25, 2014 1:29pm
Quoting hostwey
{quote} Yes its a tricky one, even on the M5 chart. You get these horrid 'wicky' looking red candles dipping into Demand Zone, then a sudden up thrust of decent bullish candles on higher volumes. "They" want us to go long, when maybe we should be shorting? This is where short term time frames have their uses I guess. Allow you to look inside the longer TF candles, and it ain't pretty at the moment. {image}
I thinks it looks very difficult to trade this system on a M5 chart. Looks like a whipsaw, considering the many TDI crossings. How do you handle?
  • #31,429
  • Feb 25, 2014 1:41pm Feb 25, 2014 1:41pm
Quoting Bullet
Hi, Just wondering if Eelfranz still posts? I am going through all his posts first.
Hi Bullet,

Unfortunately Big E has passed away.
  • #31,430
  • Feb 25, 2014 2:13pm Feb 25, 2014 2:13pm
Quoting adamjhdavis
{quote} Hi Bullet, Unfortunately Big E has passed away.
Oh god, what a loss he seems to have been very giving, great guy.


In the spirit of giving I am a programmer by day and have written a lot of mql, I use MT5 as it is more powerful for developing indis etc. I had to write the TDI based on the MT4 one so if anyone want it let me know and I ll upload it here.
  • #31,431
  • Feb 25, 2014 2:57pm Feb 25, 2014 2:57pm
Hi Bullet

Having read most of this thread now Big E was certainly committed to help his fellow traders.Also now many of his benefactors have carried on that tradition for which we are thankful

I would also be interested in the mt5 version of TDI

Gil
  • #31,432
  • Feb 25, 2014 3:45pm Feb 25, 2014 3:45pm
Quoting emmanuel7788
{quote} {image} Hi, Today, we see a new LL with the early Tokyo session push lower, remember I wrote in my Big Picture Picture not to chase after long candles, and now back to the the D' trend'. We have to wait to see if we have a LH later. On H1 we see the MBL sloping downwards, and price consoldiates. Then a possible push down to a new low. Look at H4 for the setup. {image} Trade Well. EMMANUEL

For those following UJ, we saw how the market traded in H1 yesterday. It went sideways for few hours then we have a LH with a Master Candle consolidation.

As I wrote in my post above, we look for H4 setup and that did show up yesterday with a double inside bar DIB and a nice 3-bars bearish setup.
See my H4 BPP chart updates below.

Attached Image (click to enlarge)
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That channel using three swing points did play out well so far. Now we see bounce from the Historical swing level 102.04 (BRN 102.00) and consolidates again with IB. there is also a rising trendline below and se shall see how price will trade around this 102.00 and this trendline below.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,433
  • Feb 25, 2014 3:50pm Feb 25, 2014 3:50pm
Quoting Bullet
{quote} Oh god, what a loss he seems to have been very giving, great guy. In the spirit of giving I am a programmer by day and have written a lot of mql, I use MT5 as it is more powerful for developing indis etc. I had to write the TDI based on the MT4 one so if anyone want it let me know and I ll upload it here.

Hi Bullet,

Great spirit in sharing using your professional skills.
Thank you.

regards,


EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,434
  • Edited 8:37pm Feb 25, 2014 4:07pm | Edited 8:37pm
Quoting BataviaTrade
{quote} Hi Mr Aussie May I know what is the period of MA you use on the price chart (yellow line)? Thanks and regards

BataviaTrade:

This TMS method uses the 5EMA shift+3, on Close price.

To better understand why the use of shift+3 on an Exponetial Moving Average, you can google "Displaced Moving Average" as keyword and read up on this DMA. There are trading strategies build around using multiple DMAs but here in TMS thread we should not deviate from the basic core method or else some members will remind us again and again to 'keep it simple'.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,435
  • Feb 25, 2014 4:11pm Feb 25, 2014 4:11pm
Quoting BataviaTrade
{quote} I thinks it looks very difficult to trade this system on a M5 chart. Looks like a whipsaw, considering the many TDI crossings. How do you handle?

BataviaTrade:

I don't trade M5 or even M15 on its own.
I trade mostly H4 and using M15 to fine tuned entries which will give me a smaller initial SL so that I can have a better position size.

How to handle trading M5 or M15?

Well, to put it simply, it is the same multi-timeframe approach where we must reconcile with the next higher TF like H1 and H4, and to look only for those A+++ trades.

Alsousing the 5SMMA as PAC will help visually where the volatility is.


regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,436
  • Feb 25, 2014 5:18pm Feb 25, 2014 5:18pm
AU 26 Feb view:

Those using server GMT+1 and GMT+2 will see a new D candle closed. GMT+0 server will have another 45+ minutes to have a new D opening soon.

Which ever the chart sever time used, the D chart shows an inside bar due to yesterday' consolidation. This is an opportunity to trade the Day IB breakout.

What is a more interesting opportunity is that all different server time D charts will show you a rare Pop Gun setup which can be the next opportunity for position traders.

Anyway, TMS will be the method we use for market entry. Your trades exit(s) will depend on your own Exit Strategy which must include the 'Let Profit Run' market situation when there is a breakaway trend.

Trade Well folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,437
  • Feb 25, 2014 9:26pm Feb 25, 2014 9:26pm
Quoting emmanuel7788
AU 26 Feb view: Those using server GMT+1 and GMT+2 will see a new D candle closed. GMT+0 server will have another 45+ minutes to have a new D opening soon. Which ever the chart sever time used, the D chart shows an inside bar due to yesterday' consolidation. This is an opportunity to trade the Day IB breakout. What is a more interesting opportunity is that all different server time D charts will show you a rare Pop Gun setup which can be the next opportunity for position traders. Anyway, TMS will be the method we use for market entry. Your trades...

this condition also happens with EU no? (inside bar that is)
Daniel
  • #31,438
  • Feb 25, 2014 10:46pm Feb 25, 2014 10:46pm
Could the experts on this thread guide me if this ABCD pattern Fib indicator is working the right way in detecting ABCD pattern. I found it on the web and implemented on my AU chart.

Attached Image (click to enlarge)
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Indicator attached below:
Attached File(s)
File Type: mq4 zz_fibo_generator.mq4   13 KB | 486 downloads


Regards
  • #31,439
  • Feb 25, 2014 11:50pm Feb 25, 2014 11:50pm
Anyone have any idea why backtesting for certain session indicators (especially sessions) doesn't work? Using the Xi-Sessions 1.00.

For certain pairs it's able to go till 1 year back, some it goes 3 months.

Or anyone has a decent session indicator to share? Daily_lineboxes doesn't work for me as it doesn't display Friday's data properly (due to broker's time)
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  • #31,440
  • Feb 26, 2014 12:05am Feb 26, 2014 12:05am
Quoting Greenb
{quote} this condition also happens with EU no? (inside bar that is)

Hi Greenb,

yes, there is also a D IB seen in EU. The previous D candles with long upper and lower shadows/wicks.

EU D chart shows market in contraction mode and right now looks like a Ascending Flat Top (see pic below)
if I have to pick a breakout direction, I will chose UP for my Plan A.
should that turn out to be a fakey, then my Plan B will be obvious.

Trade Well.

EMMANUEL
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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