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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

  • #36,261
  • Apr 16, 2014 9:04pm Apr 16, 2014 9:04pm
Quoting emmanuel7788
TMS Monitor Dashboard: Sorry, this is off-topic. A very good tool for a lazy person like me to help me monitor several currency pairs I trade is to use a monitor dashboard with ALerts. Here follow this thread linked..... http://www.forexfactory.com/showthre...70#post7411970 The coder member name is 'arbinka' someone I respected very much for his mql4 programming skills and his trading skills. All discussions please got to that thread and not here. We want to keep this thread purely to share and discuss TMS 5-Method trading...
Hi emmanuel7788, thanks for the link to that dashboard.

Since I wanna study the PCRF , I remember your saying that it's covered in one H4. Have you any idea how often that happens ? (in one h4)

Why? Because it might help us when the h4 green goes to its red, and if we (only from then on) could study it from the H1 just before the green/red cross in H4 that would be a nice confirmation of the cross signal when a reversal is coming. Does this make sense ? Anybody ?

going to bed now (4 am here)
cheers, vaper
  • #36,262
  • Apr 16, 2014 9:10pm Apr 16, 2014 9:10pm
Quoting GilR
{quote} Hi hPx62 Can you explain the definition of the PCRF candle formation. Emmanuel says he has a indicator for it, so it must be mathematically defined. Can that then be linked on the first page. In fact can one of the old hands refresh the rules of TMS so they also can be linked on first page so new folks dont need to wade thru 1800 pages of ----------- Also can give us some wisdom on channels and how you see price move in them in relation to TMS and support/resistance, retracement versus reversal if you have time
I see that Erol has taken care of that question for me.....Thank you very much Erol.
  • #36,263
  • Apr 16, 2014 9:11pm Apr 16, 2014 9:11pm
Quoting SeerEye
I did take UJ cross.. {image}
I see a valid trade setup and also TP is within reach.
Weekly support is what I see below.
So manage, manage, manage to win some pips.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY week16 W1 support.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,264
  • Apr 16, 2014 9:15pm Apr 16, 2014 9:15pm
Quoting SeerEye
I did take UJ cross.. {image}
Tnx SeerEye , just before I hit the sack I saw your entry. (102.18, right ?)
If the market dares to test that 200 ma again it'll take my limit pending along

I am curious what I'll see tomorrow morning.
cheers, vaper
  • #36,265
  • Apr 16, 2014 9:15pm Apr 16, 2014 9:15pm
Quoting emmanuel7788
{quote} I see a valid trade setup and also TP is within reach. Weekly support is what I see below. So manage, manage, manage to win some pips. {image}
I saw that support at the round number....
All seems well, SL - to break even +2 (ya, a little tight, but still working on solid set ups, not profit)
http://charts.mql5.com/4/474/usdjpy-...ctdealer-7.png
Pip what you see; See what you pip!
  • #36,266
  • Apr 16, 2014 9:17pm Apr 16, 2014 9:17pm
Quoting Phx62
{quote} I see that Erol has taken care of that question for me.....Thank you very much Erol.
and thank you Phx62 , I like what I read and gonna study it.
I admire your charts man ! Some day mine will show the same consistency.

cheers, vaper
  • #36,267
  • Apr 16, 2014 10:05pm Apr 16, 2014 10:05pm
What do you guys think of how AJ's looking right now?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 129 KB
  • #36,268
  • Apr 16, 2014 10:21pm Apr 16, 2014 10:21pm
Quoting olly93
What do you guys think of how AJ's looking right now? {image}
Personally, I'd like to see the TDI cross closer to or above the 68 and a bit more angled. Due to the ranging of AJ right now; I'd probably look further. I executed on UJ earlier (it's ranging as well), but the TDI was much closer to the 68 and I liked the angle. I'm in profit, got a tight SL at BE+2 and that may get hit by the pullback, but I still like it.

Trade safe

Seereye
Pip what you see; See what you pip!
  • #36,269
  • Apr 16, 2014 11:07pm Apr 16, 2014 11:07pm
Quoting SeerEye
{quote} Personally, I'd like to see the TDI cross closer to or above the 68 and a bit more angled. Due to the ranging of AJ right now; I'd probably look further. I executed on UJ earlier (it's ranging as well), but the TDI was much closer to the 68 and I liked the angle. I'm in profit, got a tight SL at BE+2 and that may get hit by the pullback, but I still like it. Trade safe Seereye
I was about to quote how the AY angle looked good on mine..then it pulled back and doesnt look so good now!
Attached Image (click to enlarge)
Click to Enlarge Name: audyen h4.png Size: 53 KB
  • #36,270
  • Apr 16, 2014 11:08pm Apr 16, 2014 11:08pm
Quoting Phx62
{quote} I see that Erol has taken care of that question for me.....Thank you very much Erol.
Hi Phx62,

I am trying to tidy up my charts and was hoping you could tell me how to get a dotted frame around the Breakout Boxes so i can see the wicks of the candles?

Thanks for all the posts!

Regards,

Gavin
  • #36,271
  • Apr 17, 2014 12:05am Apr 17, 2014 12:05am
No 6am trades for me.
  • #36,272
  • Apr 17, 2014 12:06am Apr 17, 2014 12:06am
I can't trade this morning since I will not have access to my PC at 10am.

4HR 6am bar has just opened on my charts and the only potentials I can see currently on my pairs are AUDUSD and GBPJPY.

Both look weak though, showing little momentum so I would be waiting for 10 O'Clock personally.

Anyone else got any strong setups on their pairs?
Focus on the process and the profits will follow
  • #36,273
  • Apr 17, 2014 12:07am Apr 17, 2014 12:07am
Quoting SeerEye
{quote} Personally, I'd like to see the TDI cross closer to or above the 68 and a bit more angled. Due to the ranging of AJ right now; I'd probably look further. I executed on UJ earlier (it's ranging as well), but the TDI was much closer to the 68 and I liked the angle. I'm in profit, got a tight SL at BE+2 and that may get hit by the pullback, but I still like it. Trade safe Seereye
Thanks for your reply Seereye. Taking into account where the TDI is relative to the 68 or 32 is definitely something I don't put enough emphasis on. The thing I find difficult about it is that when selling from around the 68 it will usually be against the current trend which can make it risky. Can someone please offer me some advice on how to get the right balance between these two factors?
  • #36,274
  • Apr 17, 2014 12:10am Apr 17, 2014 12:10am
Quoting Ballistical
I can't trade this morning since I will not have access to my PC at 10am. 4HR 6am bar has just opened on my charts and the only potentials I can see currently on my pairs are AUDUSD and GBPJPY. Both look weak though, showing little momentum so I would be waiting for 10 O'Clock personally. Anyone else got any strong setups on their pairs?
How does AJ look short?
  • #36,275
  • Apr 17, 2014 12:17am Apr 17, 2014 12:17am
Quoting GilR
{quote} How does AJ look short?

Hey GilR

If you look on the daily timeframe, the AJ is in a tight range (consolidating). It is pointing to retest the low of that tight range.

I rather wait for a pair that is trending as that is where the higher probability setups show up
Lets Make Some Money
  • #36,276
  • Apr 17, 2014 12:20am Apr 17, 2014 12:20am
Quoting DesiBaba
{quote} Hey GilR If you look on the daily timeframe, the AJ is in a tight range (consolidating). It is pointing to retest the low of that tight range. I rather wait for a pair that is trending as that is where the higher probability setups show up
You are right Me and over trading
  • #36,277
  • Apr 17, 2014 12:21am Apr 17, 2014 12:21am
AUDJPY week16 H4 GMT0 server time.

Took this trade based on TMS 5-Method entry rules.
Comments on chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY week16 H4 GMT0 trade.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,278
  • Apr 17, 2014 12:23am Apr 17, 2014 12:23am
Quoting gavman
{quote} Hi Phx62, I am trying to tidy up my charts and was hoping you could tell me how to get a dotted frame around the Breakout Boxes so i can see the wicks of the candles? Thanks for all the posts! Regards, Gavin
Hi
Just change the frame style to 2.

hope this helps.
Attached Image
  • #36,279
  • Apr 17, 2014 12:27am Apr 17, 2014 12:27am
Quoting GilR
{quote} You are right Me and over trading

It prob will work and go down to retest. but its gonna be testing a round number also.

Personally, when I use to use indicators back in the day, I made money of trending markets. So if I want my first win with TMS, Im going to be VERY picky

I refuse to give up. I just gotta learn the price movement and ride the waves!
Lets Make Some Money
  • #36,280
  • Apr 17, 2014 12:28am Apr 17, 2014 12:28am
Quoting gavman
{quote} Hi Phx62, I am trying to tidy up my charts and was hoping you could tell me how to get a dotted frame around the Breakout Boxes so i can see the wicks of the candles? Thanks for all the posts! Regards, Gavin

Hi gavman,

I know Phx62 is probably sleeping now.
So allow me to help answer.
Search attachments and sort by name, look under BreakoutBox.
You can change the default line type to suit what you want to see on your chart.
Take note of the daylight saving time DST changed.
Attached Image (click to enlarge)
Click to Enlarge Name: FF search Breakoit Box.png Size: 117 KB


regards,

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