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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #32,541
  • Mar 17, 2014 6:31am Mar 17, 2014 6:31am
Quoting hugecat
{quote} Yeah, I did give me nothing but -2 Pips

TMS works well when the market type is trending and sideways wide range.
TMS does not work when the market type is sideways narrow ranged.
But how do we determine the market type?
This something traders must learn to identify on their charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,542
  • Mar 17, 2014 6:35am Mar 17, 2014 6:35am
Quoting thinkpad123
Here are my trade stats of last 121 trades using TMS , Maybe will give someone hope and motivation. Winning Trades: 91 Losing Trades: 30 Even Trades: 0 Max Consec Wins: 16 Max Consec Losses: 4
& well done
  • #32,543
  • Mar 17, 2014 6:40am Mar 17, 2014 6:40am
Quoting L0pg
{quote} Get a watch with an alarm that vibrates, I use a FitBit Force, and I tell you what, that alarm never fails to awaken me, but it won't disturb the wife

great idea.
I am getting one immediately and I don't have to sleep in my lazy boy in my study anymore.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,544
  • Mar 17, 2014 6:41am Mar 17, 2014 6:41am
Quoting emmanuel7788
{quote} TMS works well when the market type is trending and sideways wide range. TMS does not work when the market type is sideways narrow ranged. But how do we determine the market type? This something traders must learn to identify on their charts.

I dont believe in statistics but according to the forex cheat sheet, most trends occur on wednesdays and thursdays. based on your own experience do you support that statement?
  • #32,545
  • Mar 17, 2014 6:52am Mar 17, 2014 6:52am
Quoting emmanuel7788
{quote} TMS works well when the market type is trending and sideways wide range. TMS does not work when the market type is sideways narrow ranged. But how do we determine the market type? This something traders must learn to identify on their charts.
Noone said I'll be easy
I was hoping since majority of Eur pairs gave signal EU would be the safest choice. Better luck next time.
Those who know don't talk. Those who talk don't know.
  • #32,546
  • Mar 17, 2014 6:54am Mar 17, 2014 6:54am
Hi AS, glad to see you! I took 3 trades today following your example and they all are in profit. Thank you

Just exit 2 trades, EURAUD and AUDCHF when they pull back a lot. Could have taken 50-60 pips but I'm happy nonetheless.

I'm posting entry & exit charts

EURAUD +20 pips
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AUDCHF +20 pips
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Another one is AUDUSD which is slowly moving up to my target @ the channel.
Everything you can imagine, is real - Pablo Picasso
  • #32,547
  • Mar 17, 2014 6:54am Mar 17, 2014 6:54am
Quoting camron
{quote} I dont believe in statistics but according to the forex cheat sheet, most trends occur on wednesdays and thursdays. based on your own experience do you support that statement?

quite true when I trade the 4H swing during the week, between Tuesday to Thursday are usually the bigger movements.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,548
  • Mar 17, 2014 6:57am Mar 17, 2014 6:57am
Quoting heispark
{quote} Thank you for correction, Bizzle! I think you're right. I think I have to go back to Babypips for more study....
Correction: Regarding the flag and peanuts, as a rule the slope of these patterns is opposite to the direction of the trend, but this is not absolutely necessary. If the slope coincides with trend direction then it tells us that the current trend is even stronger. Also these patterns could be horizontal instead of sloped:
Attached Image


Source: FPA Sive's Boot Camp: http://www.forexpeacearmy.com/forex-...-page-3-a.html
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #32,549
  • Mar 17, 2014 6:57am Mar 17, 2014 6:57am
Another one I'm in is EURJPY pin/pull back bar rejecting my lower channel, I marked it with a white box. Entered when price broke the high. It then stayed in the negative for a while day before finally moving up. For this one I'll let it run until it hit my center channel line (dotted purple line).

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Everything you can imagine, is real - Pablo Picasso
  • #32,550
  • Mar 17, 2014 7:02am Mar 17, 2014 7:02am
Quoting Bizzzle
I have made a decision for a month to trade this system as set out by the thread owner in honour of him on the 4 hour!! 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step. Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade...
TMS trades from page one...

I opened three trades this morning at 6am GMT, I am only checking the 6am and 10am candles for entry and closing all of them at 2pm GMT, trades follow:

AJ - +51 pips

AU- +28 pips

EA- Breakeven

As you can see as http://assets.forexfactory.net/nfs/c...tar69907_2.gif eelfranz said its stress free... I check my computer 3 times and made 79 pips

KEEP IT SIMPLE!!!!
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Give yourself a chance and trade it like it's layed out...
  • #32,551
  • Mar 17, 2014 7:04am Mar 17, 2014 7:04am
After long wait, EJ started moving... Slightly hinted by Protradernetwork WTA.
EJ 1H
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #32,552
  • Mar 17, 2014 7:12am Mar 17, 2014 7:12am
Quoting heispark
After long wait, EJ started moving... Slightly hinted by Protradernetwork WTA. EJ 1H {image}
Yeah good trade, I was in this same trade since LO but exited with +20, I broke my rules today by not staying into the trade

Learning theses rules are difficult, but slowly progressing

Anyway am into GU long, will see if TP is hit , slightly below ADR high on this pair
I Have Learned to Take Some Losses to Make Profits
  • #32,553
  • Mar 17, 2014 7:18am Mar 17, 2014 7:18am
Quoting gsbharaj
{quote} sometimes i see that there is a crossover and the price immediately turns the other direction after the open of another 4 hour candle. can you advice on how to saveguards overselves with that?
Thats just means crap happens. We try to be 100% but we can't be. Emmanuel posted a link to a Video a few post back that I think will serve you very well to look at.
MAY THE PIPS BE WITH YOU!
  • #32,554
  • Mar 17, 2014 7:18am Mar 17, 2014 7:18am
My entry & exit AUDUSD. It's close enough to my channel line. +27 pips.
Attached Images
Everything you can imagine, is real - Pablo Picasso
  • #32,555
  • Mar 17, 2014 7:21am Mar 17, 2014 7:21am
Quoting ababias
{quote} Thanks for the reply. If you get time, please post the HL, HH ........... trade with setups. I will keep my patience and wait for this setup and take the trade. let see how many trade I will make in a week.
If we have candles on the 4 hour taking out the high of the previous candle we know its making HL and HH without even looking at a LTF because the high of the previous candle was taken out, here is an example:
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Give yourself a chance and trade it like it's layed out...
  • #32,556
  • Mar 17, 2014 7:27am Mar 17, 2014 7:27am
Quoting L0pg
{quote} Get a watch with an alarm that vibrates, I use a FitBit Force, and I tell you what, that alarm never fails to awaken me, but it won't disturb the wife

Thanks for the info L0pg!


How many alarms does it allow you to have programmed? I only need a vibrate for 11:45pm & 3:45pm. All the other times I can continue to use my cell phone. I also read that they just did a recall because some people were having an allergic reaction. I think because Im not going to use it whole working out that I shouldn't have an issue with this. I will purchase one when they are made available for sell again.
MAY THE PIPS BE WITH YOU!
  • #32,557
  • Mar 17, 2014 7:32am Mar 17, 2014 7:32am
Quoting Bizzzle
{quote} TMS trades from page one... I opened three trades this morning at 6am GMT, I am only checking the 6am and 10am candles for entry and closing all of them at 2pm GMT, trades follow: AJ - +51 pips AU- +28 pips EA- Breakeven As you can see as {image} eelfranz said its stress free... I check my computer 3 times and made 79 pips KEEP IT SIMPLE!!!! {image}
Thanks Bizzzle. On my chart I think those would be 4am and 6am candles (I'm in UK using IG, but been comparing with FXDD charts which GMT +3).
  • #32,558
  • Mar 17, 2014 7:43am Mar 17, 2014 7:43am
Quoting hostwey
{quote} Thanks Bizzzle. On my chart I think those would be 4am and 6am candles (I'm in UK using IG, but been comparing with FXDD charts which GMT +3).
My broker is +2!!

I have a new 4 hr candle form at 6am uk time and again at 10am uk time but on my charts it 8am and 12 because I am +2
Give yourself a chance and trade it like it's layed out...
  • #32,559
  • Mar 17, 2014 7:52am Mar 17, 2014 7:52am
EJ

For me...1 trade for today
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Sad i'm not trying to understand PA
  • #32,560
  • Mar 17, 2014 8:00am Mar 17, 2014 8:00am
Quoting Bizzzle
{quote} My broker is +2!! I have a new 4 hr candle form at 6am uk time and again at 10am uk time but on my charts it 8am and 12 because I am +2
Does make a subtle difference to the charts but I suspect no practical difference.
Attached Images
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