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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

  • #32,201
  • Mar 12, 2014 2:47pm Mar 12, 2014 2:47pm
Quoting dotnetfreak
{quote} You are not worried about AUD news later?
Not really. It's suppose to be moderate and im hoping it gives the AUD a major push up. NZD news was high alert news and lots of it.
MAY THE PIPS BE WITH YOU!
  • #32,202
  • Mar 12, 2014 3:32pm Mar 12, 2014 3:32pm
Quoting emmanuel7788
EA channel update week 11: My favourite way to draw price channels has been using swing points and TDI confirmation. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EA week 11 H4 rising channel w TDI.png Size: 71 KB


Tokk this trade in H1 shown here in the H4 channel.

Attached Image (click to enlarge)
Click to Enlarge Name: EA week 11 H1 trade in channel.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,203
  • Mar 12, 2014 3:39pm Mar 12, 2014 3:39pm
Quoting Hcp
Hi, early entry in H1, before break the resistance trendline, and also early in H4(another mistake), before line cross. still wait watching the up channel and last resistance became support, and result positive trade. thank you. {image} {image}
Hcp,

learn to manage your trades using the APB and ride the breakaway trend.
this way, you will get more profits.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,204
  • Mar 12, 2014 3:54pm Mar 12, 2014 3:54pm
Quoting emmanuel7788
{quote} {image} Tokk this trade in H1 shown here in the H4 channel. {image}
good trading, steep channel within the bigger channel.
imo, this bigger channel is still valid.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-03-12_18-49-48eaudH4.png Size: 81 KB
If you're going through hell, keep going. Winston Churchill
  • #32,205
  • Mar 12, 2014 4:00pm Mar 12, 2014 4:00pm
Quoting Imi
{quote} good trading, steep channel within the bigger channel. imo, this bigger channel is still valid. {image}
thanks.
yes, I see the bigger channel is still intact, and also previous reversal zone is PA around the TDI 68-level.
we look at PA from now and follow to see if there is a breakout below the steep H4 channel later.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,206
  • Mar 12, 2014 4:51pm Mar 12, 2014 4:51pm
Quoting adamjhdavis
{quote} Is it any of these? {image}

I see this in H1.

Attached Image (click to enlarge)
Click to Enlarge Name: GU week 11 H1 double divergence.png Size: 61 KB


also there is expanding corrective waves, so the recent down trend is coming to an end before the next wave.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,207
  • Mar 12, 2014 4:59pm Mar 12, 2014 4:59pm
Quoting TheScorpS
{quote} Can you confirm emmanuel that since MBL was below the divergence trade , so divergence, and mbl that they dont go in together, I mean the divergence could be avoided because mbl was acting as support and a short trade can be eliminated and just consider long trade is considered when pa set the trade I have a same pa scenario on EU I think but in a downtrend trending market, there was divergence on H1 but mbl was above the divergence, pa traded a little bit high before reversing and continuing the trend have a look and let me know your thoughts...

The MBL has little to do when I look at Price-TDI divergence.

Two things which I will look at:

1) In a bearish trend, I look for bearish divergence which will take me into that trend. In a bullish trend, look for the opposite. Those Hidden Divergence need more attention.

2) the 'strength' of the divergence is important. the number of price bars (periods) between the price high-low which creates the divergence is important. For some reasons, 'weak' divergence do fade away after a few price bars(periods).
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,208
  • Mar 12, 2014 4:59pm Mar 12, 2014 4:59pm
GBPJPY 4hr is about to give a 2nd candle LONG entry. AJ is doing well & GU is sideways but should pick up soon. Cya in another 4 hours
MAY THE PIPS BE WITH YOU!
  • #32,209
  • Mar 12, 2014 5:06pm Mar 12, 2014 5:06pm
Folks,

I am sorry about all the divergence discussion going on here. It is just another way how some of us look at the price action behaviour in relation to the TDI, and use that technical analysis to help us in making trade decisions.

This has nothing to do with the basic TMS method. Out late OP eelfranz never mentioned anything about using divergence in his H4 trading.

It is up to you whether you want to learn it and to use it or not. How it helps you to get into the market with higher probability trade setups is all up to your own experience.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,210
  • Mar 12, 2014 5:33pm Mar 12, 2014 5:33pm
Caught 50 pips on EA. Price fell out of a sudden... no time to move TP down.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-13_0731_EA.png Size: 24 KB


Still having too many loses.
Everything you can imagine, is real - Pablo Picasso
  • #32,211
  • Mar 12, 2014 5:40pm Mar 12, 2014 5:40pm
My AJ trade is doing rather well.

Attached Image (click to enlarge)
Click to Enlarge Name: audjpyh4haha.png Size: 43 KB






My GJ & GU trades are both still sideways-ish right now but I'm hoping they will be well in profit by the time 12am hits.
MAY THE PIPS BE WITH YOU!
  • #32,212
  • Mar 12, 2014 5:47pm Mar 12, 2014 5:47pm
Hi All.
Does any one know that This System is being discussed even at babypips?
Here is the link .... http://forums.babypips.com/free-fore...e-trading.html ...
Tribute to Grand PooPaa ...
Yesterday, for few reasons, I switched over to my Laptop from my Desk top ...
Now, None of the indicators are working on my Lappie, do not know why ... Especially the Template version ...
I liked the Template version, as that saved time. I could download ONE template and that gave me all 3 main parameters, TDI cross over, Stocho and HA ..
Now, I'm unable to use the template to get the Indicators ...
can some one help me please??
In between, after observing the Pic's (Grand paa) had uploaded, i did demo for four days ...
From yesterday morning, I'm Live with the system on a 1000$ account. Three trades ...100% success ratio with 125 Pips ...
Will start uploading Pik's and statement as soon as I can trouble shoot the problem/s on my lap top ...
Thnk you Grand PooPaa
  • #32,213
  • Mar 12, 2014 6:00pm Mar 12, 2014 6:00pm
Quoting Direwolf
Caught 50 pips on EA. Price fell out of a sudden... no time to move TP down. {image} Still having too many loses.

nice technical reversal and fundamental both agreed at the same time....

too many losses? are you looking at small sample of trades completed.

trade less, focus on longer term results, say 100 trades, then 200 trades, ... 300 trades.
do your top down analysis more into details,
be more selective with the H4 trade setups,
learn to manage with 'let profit run',

select your trading currency pairs carefully when you want to look at pips as profit, or
use percentage risk model, position sizing and use R-Multiple money management.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,214
  • Mar 12, 2014 6:01pm Mar 12, 2014 6:01pm
Quoting as33156
My AJ trade is doing rather well. {image} My GJ & GU trades are both still sideways-ish right now but I'm hoping they will be well in profit by the time 12am hits.

better data for aussie did helped. ... but we are technical traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,215
  • Edited 6:20pm Mar 12, 2014 6:07pm | Edited 6:20pm
Quoting emmanuel7788
{quote}too many losses? are you looking at small sample of trades completed. trade less, focus on longer term results, say 100 trades, then 200 trades, ... 300 trades.
My intraday trade demo this month isn't looking good EMU. 11 loses, 8 BE, 2 profit lol. If you look at my chart you'll see green and red line marked with small triangle. The red ones are losing trades.

I'm doing ok with my daily trade but intraday TMS is something I really really want to master.

That being said, my AUDJPY daily trade missed my TP only 1 pip! And bounced back to stop me out at BE. Bummer.

Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #32,216
  • Mar 12, 2014 6:15pm Mar 12, 2014 6:15pm
Quoting as33156
My AJ trade is doing rather well. {image} My GJ & GU trades are both still sideways-ish right now but I'm hoping they will be well in profit by the time 12am hits.
I am long on AU and thats also doing well currently +84 SL moved to BE + 30.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB
  • #32,217
  • Mar 12, 2014 6:29pm Mar 12, 2014 6:29pm
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Quoting emmanuel7788
{quote} Hcp, learn to manage your trades using the APB and ride the breakaway trend. this way, you will get more profits. regards, EMMANUEL
Dear Emmanuel, thank you, your right, sometimes I cannot be infront of monitor, and set a top price,like this one, but its true , i need to learn to take more pips as possible, thank you very much.
Regards.
  • #32,218
  • Mar 12, 2014 6:30pm Mar 12, 2014 6:30pm
Quoting Direwolf
{quote} My intraday trade demo this month isn't looking good EMU. 11 loses, 8 BE, 2 profit lol. If you look at my chart you'll see green and red line marked with small triangle. The red ones are losing trades. I'm doing ok with my daily trade but intraday TMS is something I really really want to master. That being said, my AUDJPY daily trade missed my TP only 1 pip! And bounced back to stop me out at BE. Bummer. {image}
Hi Direwolf,
it seems more common for traders to learn candle sticks and the multitude of patterns they represent (and the sometimes confusing shortened nmemonics - still not decided if shortened words are better or not ie is EA Expert Advisor or something else...? bad habits for interpretation in teaching others????).

Knowing barcharts and cycles in patterns and how they relate to extensions and retracements are also useful. Looking at your chart, there is at 5th candle back a high test bar, followed by 3 candles later a low test bar. To me that would indicate the price is either in a range, or on a larger chart, is it in an uptrend with the high test bar indicating a beginning of retracement, the low test bar indicating the possible end of the retracement and the last bar showing a continuation of the trend?
  • #32,219
  • Mar 12, 2014 6:52pm Mar 12, 2014 6:52pm
EURAUD H1 trade taken at the pullback at 1.5530.

A common 3-bar reversal pattern. Note how the APB sometimes conceals the real price bars, hence we may not see such patterns which rely on to see the L>H, HH > HL, LH > LL formation.
see the PA remain below the PAC, so I stayed in this trade.

Attached Image (click to enlarge)
Click to Enlarge Name: EA week 11 H1 trade reversal.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,220
  • Mar 12, 2014 7:02pm Mar 12, 2014 7:02pm
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