Trading Made Simple | Page 1585 | 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

  • #31,681
  • Mar 4, 2014 4:21pm Mar 4, 2014 4:21pm
Quoting Fx94
Any trades today ? Has someone the template with multiple time screens for TMS which works ? I downloaded it and unfortunately it doesn´t work in my MT4 Best regards, Fx94
Fx94,

which MTF screen are you asking for? is that the pipware minichart you want?


Here a trade that went nowhere, after that WRB, price pullback into the PAC and got trapped inside the PAC, so I closed that.

Attached Image (click to enlarge)
Click to Enlarge Name: AU H4 trade week 10.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,682
  • Mar 4, 2014 4:50pm Mar 4, 2014 4:50pm
Here is what i am monitoring now.
Big EM any thoughts on this GBP/NZD setup.
We have almost same setup now on GBP/AUD too but that pair is prone to big news coming soon.
HEre are the snapshots
Attached Image (click to enlarge)
Click to Enlarge Name: trend gn.PNG Size: 53 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gn support.PNG Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: tdi.PNG Size: 47 KB
I am not random, U just can't think as fast as me....
  • #31,683
  • Mar 4, 2014 5:19pm Mar 4, 2014 5:19pm
Quoting thinkpad123
Here is what i am monitoring now. Big EM any thoughts on this GBP/NZD setup. We have almost same setup now on GBP/AUD too but that pair is prone to big news coming soon. HEre are the snapshots {image} {image} {image}
Hi thinkpad123,

This is a pair which i like to trade 4H swing. The D range is between 140 and 170 pips, and the Weekly is averaging 420 pips. Last few H4 hours has been choppy as market is jittery as PA approaches prev week low.

My view using MN and W1 is down bias. Previous 2 days this week is also down since Monday opening. The Pa is trading below its WPv and I see further push down to the 1.9750 level, that would be about 60% of the weekly range.
Near term support is 1.9815, Prev W Low and BRN 1.9800 to watch closely for any bounce, stay clear or risk being stopped out.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,684
  • Mar 4, 2014 5:23pm Mar 4, 2014 5:23pm
AUDCAD:

something is brewing for this pair.
the last 2 hours we see a few huge spikes down and relatively low volume.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,685
  • Mar 4, 2014 6:11pm Mar 4, 2014 6:11pm
Quoting donbeto
Hi guys, This is my first post. I need some help. I installed the TDI indicator. I got it from one of the first post in this thread. Once installed, I am able to see the red and green lines. However, for some reason, I can't seem to manage to bring the yellow line into my chart. Any idea what I am doing wrong? What do I need to do bring the yellow line into the chart? Thanks in advance for your help. donbeto
Welcome Donbeto,

When you use the indicator found at the beginning of this thread, as you should do, your chart should look like the one here. The yellow line should be on top where the blue and red price bars are (they are called APB's: Adjusted Price Bars, which sort of look like Heiken Ashi candle-sticks). The yellow line is just a Moving Average line. In the original version of the TDI found at the beginning of this thread, there are ONLY red and green lines down below. Other charts that you see in this forum with the two blue lines and the yellow line with red and green down below come from a different source created by Dean Malone.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 38 KB
  • #31,686
  • Mar 4, 2014 6:52pm Mar 4, 2014 6:52pm
Quoting Fx94
Any trades today ? Has someone the template with multiple time screens for TMS which works ? I downloaded it and unfortunately it doesn´t work in my MT4 Best regards, Fx94
Search for "minicharts" in the attachments. Click on the paper-clip icon followed by a number like 9,096, up by "Reply to Thread."

There's an indicator and a template in there for you.
  • #31,687
  • Mar 4, 2014 7:33pm Mar 4, 2014 7:33pm
Quoting Direwolf
I see. Thanks Darran! I have a question. Just hit a full loss on EA -50 pips. I think my biggest mistake was that I only looked at H1 chart without analyzing bigger time frames such as H4 which clearly shows bull movement. Would appreciate any tips and suggestions to prevent this in the future. Thanks! {image}
In hindsight, IMO your entry was at a middle point of empty space which made your RRR so-so. When you draw some lines, potential SL could be behind upper trend line and and potential PT could be lower tend line, which were both hit by PA by the way.

EA 1H:
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-05_10-24-24.png Size: 26 KB


Another example is EJ. If you bought from the bottom, you may want to exit (or at least partial exit) at the top trend line:

EJ 1H:
Attached Image


Anyway, don't take it seriously. I am just another learner...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #31,688
  • Mar 4, 2014 7:34pm Mar 4, 2014 7:34pm
Quoting ayour2a
Hello traders, would anyone be so kind to show me the link to the post that has the setting of TDI with the blue channel for android or iPhone . Many thanks.
Here you go.
Attached File(s)
File Type: docx TDI substitute for ANDROID.docx   143 KB | 2,348 downloads
  • #31,689
  • Mar 4, 2014 8:14pm Mar 4, 2014 8:14pm
EA just fired off a very large rejection pin bar on H4 and TDI green crossing both red/yellow on H1.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-05_0913.png Size: 90 KB
Everything you can imagine, is real - Pablo Picasso
  • #31,690
  • Mar 4, 2014 8:29pm Mar 4, 2014 8:29pm
@heispark - can you show me how to drew the lines on EJ please? Thanks.
Everything you can imagine, is real - Pablo Picasso
  • #31,691
  • Edited 8:58pm Mar 4, 2014 8:50pm | Edited 8:58pm
Quoting emmanuel7788
AUDCAD: something is brewing for this pair. the last 2 hours we see a few huge spikes down and relatively low volume.
It is in a very interesting situation at the moment though. (and therefore fun to speculate on haha)
What i see from my graph is that the peak on that spike (.900) level is quite interesting acting as psycho barrier and S/R since last month.
i see price pulling back to that level or from that level quite a few times.

my next green line on .8930ish level also seen price stuck on or pullback from last few weeks, so it acts as support now. a bit lower than that is the 8900 level in which there is some support.

so far this week all my 4h candle has not have a solid close (always with long tails)

TDI is around 50 level right now which usually means range market.

my conclusion, i shall not trade this pair until a good direction has come out. Meanwhile what do you think? or any other members think for this?
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 95 KB
Daniel
  • #31,692
  • Mar 4, 2014 8:57pm Mar 4, 2014 8:57pm
EU pair

it is also in interesting situation.
on the 4H chart, i may have spotted a possible divergence bias toward short.
once i get on the daily chart, i see EU failing to break a R barrier at 1.3800 level for the past 3 days.
concurrently, on chart i see EU failing at that level in the near past 4 times.

so, i am looking for short opportunity right now and possibly targeting 1.3500 level seeng that on daily it seems like EU is in a big
1.3500-1.3800 range

What do you guys think?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 91 KB
Click to Enlarge Name: eurusddaily.png Size: 87 KB
Daniel
  • #31,693
  • Edited 9:58pm Mar 4, 2014 9:37pm | Edited 9:58pm
Quoting Direwolf
@heispark - can you show me how to drew the lines on EJ please? Thanks.
Well, mine's poor. Instead, you may find good resources to learn from Protradernetwork's WTA, FPA Sive Morten's daily analysis video, Scott Barkely's video, Steve Nison's seminar video.... etc. They are all in Youtube. On top of that knowledge, try applying TMS knowledge...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #31,694
  • Mar 4, 2014 10:17pm Mar 4, 2014 10:17pm
Could anyone help me with why the time difference of nearly 2 hours between MT4(FXCM) and Tradestation(FXCM). Although, I am comfortable with MT4 and using it. The last 3 candles are same in both but its just the time difference.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd h4 mt4.png Size: 119 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Trademanager FXCM Marketscope 2.0.png Size: 166 KB


Reagards
  • #31,695
  • Mar 4, 2014 10:35pm Mar 4, 2014 10:35pm
Quoting Direwolf
@heispark - can you show me how to drew the lines on EJ please? Thanks.
Direwolf, You can use this indicator if you wish. See the image for details.
Attached Image (click to enlarge)
Click to Enlarge Name: SHI Channel MTF.png Size: 268 KB


Put 2 to 3 channels on one Time Frame to see the overall picture.

Indicator:
Attached File(s)
File Type: ex4 SHI_Channel_MTF.ex4   10 KB | 446 downloads


Hope this helps, Regards
  • #31,696
  • Mar 5, 2014 12:31am Mar 5, 2014 12:31am
Quoting MrAussieFX
{quote} Direwolf, You can use this indicator if you wish. See the image for details. {image} Put 2 to 3 channels on one Time Frame to see the overall picture. Indicator: {file} Hope this helps, Regards
Regarding SHI indicator,
Emmanuel said "I have tried using the SHI Chanel indicators during the X-Man S3 trading days but did not find that to be consistent as it re-paints."
Phx62 said "I tried the Shi Channel indicator but had the same problems as you."
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #31,697
  • Mar 5, 2014 12:47am Mar 5, 2014 12:47am
Quoting heispark
{quote} Regarding SHI indicator, Emmanuel said "I have tried using the SHI Chanel indicators during the X-Man S3 trading days but did not find that to be consistent as it re-paints." Phx62 said "I tried the Shi Channel indicator but had the same problems as you."
Thanks heispark for the information. In that case I wouldn't recommend it to anyone and I myself will find other ways to solve the problem of drawing channels instead of using this indicator.

Regards
  • #31,698
  • Mar 5, 2014 1:18am Mar 5, 2014 1:18am
Quoting heispark
{quote} Regarding SHI indicator, Emmanuel said "I have tried using the SHI Chanel indicators during the X-Man S3 trading days but did not find that to be consistent as it re-paints." Phx62 said "I tried the Shi Channel indicator but had the same problems as you."
I've been using the shi channel and setting the h4 and upwards on an h1 and below timeframe it is very good as far as I'm concerned, I have taken lots of trades over the last week taking them into consideration and all been winners. GJ h1 yesterday was at the bottom of the channel, touched it even and I took the first buy I could for 100 pips. EA mostly buys last week the h4 channel didn't move all week and price bounced off of it until it went for the top of the channel, hit it and then dropped this week, and this morning it hit the bottom of the h4 channel went through it by 8 pips and bounced back up 80.

AU the h4 channel has been in the same place, when it hit the bottom of the h4 channel on Monday and it has been rising since, so all in all, I've found I don't like the h1 channels but definitely h4, d1 and w1 channels I have found extremely good.

I'm using this one I don't know if it makes a difference, but it is based on the Shi-Channel-True indicator.
Attached File(s)
File Type: ex4 SHI_Channel_MTF_Mod.ex4   6 KB | 526 downloads
File Type: mq4 SHI_Channel_MTF_Mod.mq4   7 KB | 567 downloads
  • #31,699
  • Mar 5, 2014 1:26am Mar 5, 2014 1:26am
I am trying out the THV CaveManager EA, and I was wondering if anyone can help me understand a couple issues. I'm in Bangkok, which is +7 GMT, and we do NOT observe DST. My Broker is +2 GMT. Do I just set "Auto_Adjust_For_DST" to = FALSE?

And what is the recommended indicator to use in conjunction with cavemanager so I can visually see the ATR pivot, mid, and fibo levels?

Thanks, Darran.
  • #31,700
  • Mar 5, 2014 1:31am Mar 5, 2014 1:31am
Quoting lastingwell
{quote} I've been using the shi channel and setting the h4 and upwards on an h1 and below timeframe it is very good as far as I'm concerned, I have taken lots of trades over the last week taking them into consideration and all been winners. GJ h1 yesterday was at the bottom of the channel, touched it even and I took the first buy I could for 100 pips. EA mostly buys last week the h4 channel didn't move all week and price bounced off of it until it went for the top of the channel, hit it and then dropped this week, and this morning it hit the bottom...
Oh, thank you again for the tip! Then I have to seriously test this tool myself.
Simplicity is the ultimate sophistication - Leonardo da Vinci
100 traders viewing now, 2 are registered:
ddjink
,
socgaufamily