Trading Made Simple | Page 1825 | 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

  • #36,481
  • Apr 21, 2014 3:55am Apr 21, 2014 3:55am
One little trade going on. Itīs a short trade in GBP / JPY because of PCRF and a cross in the TDI. The TDI line is coming from overbought and crossed above the yellow line. So smaller TP. My SL is set at the last swing high.

Please feel free to comment.

Best regards,

Fx94
Attached Image (click to enlarge)
Click to Enlarge Name: eastern trade.png Size: 31 KB
  • #36,482
  • Apr 21, 2014 4:01am Apr 21, 2014 4:01am
london 8am took a GU buy and a UCH sell...neither working out for the moment
  • #36,483
  • Apr 21, 2014 4:20am Apr 21, 2014 4:20am
Quoting Fx94
One little trade going on. Itīs a short trade in GBP / JPY because of PCRF and a cross in the TDI. The TDI line is coming from overbought and crossed above the yellow line. So smaller TP. My SL is set at the last swing high. Please feel free to comment. Best regards, Fx94 {image}
Hello Fx94,
Great that there is a tdi cross coming out of overbought, but my understanding (which may be wrong) of a PCRF is that this formation won't be a PCRF until the low of the last bar on the chart you have posted is breached. Good luck.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #36,484
  • Apr 21, 2014 4:26am Apr 21, 2014 4:26am
Quoting dee50
http://www.forexfactory.com/showthre...27#post7012227 "It's Rick (dginc) who said it and I believe strongly what he said. Paraphrasing: There is an overflow of information coming from everywhere that will cloud your judgement. It's not that all information is bad, it's often just unnecessary .. I remember when i started reading this thread I was excited. It was simple, people had success with it and I understood the concept. But as I advanced in the thread things were added and it became a mess in my head. Why add all of these...

Hey Dee! Great to hear from you in this thread. I keep checking out your posts on the 1-2-3. You're an inspiration. Please keep posting - whether in this thread or the 1-2-3. Learning lots from you. Thank you.
  • #36,485
  • Apr 21, 2014 4:29am Apr 21, 2014 4:29am
Quoting GilR
{quote} Steve it is time to keep attitude to yourself. We are all about fed up with provocation. Now if you have something constructive to say about the trade you have the floor.

The most constructive thing I can say is it's a bank holiday any momentum is going to be minimal USD/CHF has moved 17 pips today.

Even the jpy pairs are going no where.

The main participants are out enjoying their long weekend off why aren't we doing the same?
  • #36,486
  • Apr 21, 2014 4:51am Apr 21, 2014 4:51am
Quoting Kanderpro
{quote} Hello Fx94, Great that there is a tdi cross coming out of overbought, but my understanding (which may be wrong) of a PCRF is that this formation won't be a PCRF until the low of the last bar on the chart you have posted is breached. Good luck. Kan

Hey Kan,

Thanks for your answer. When i look at my chart, I see that the low of the first red candle was broken. 1 - 2 pips away was my entry.
  • #36,487
  • Apr 21, 2014 5:14am Apr 21, 2014 5:14am
Quoting Fx94
{quote} Hey Kan, Thanks for your answer. When i look at my chart, I see that the low of the first red candle was broken. 1 - 2 pips away was my entry.
Hi Fx94,
My understanding of a PCRF:
bar 1: with the trend of the last bar or so(I know this is not Phx62's wording. Please look it up.)
bar2: pullback more than half the length of the bar (this is your first red candle)
bar3: often an inside bar (not in the case of your trade)
bar4: entry bar on breach of L of bar 3. (Didn't happen.)

As I say, this may be wrong, but to me the formation you've traded on isn't a PCRF and it looks like your stop will have been hit. Beware the lack of liquidity in the market with London being on holiday.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #36,488
  • Apr 21, 2014 5:35am Apr 21, 2014 5:35am
Quoting stevepatt
{quote} The most constructive thing I can say is it's a bank holiday any momentum is going to be minimal USD/CHF has moved 17 pips today. Even the jpy pairs are going no where. The main participants are out enjoying their long weekend off why aren't we doing the same?
Gluttons for punishment-- that is my only defence

I am going to let the trade go a little longer and not close 2pm London

And the last part of the reply? We can do both
  • #36,489
  • Edited 5:52am Apr 21, 2014 5:35am | Edited 5:52am
Quoting Fx94
{quote} Hey Kan, Thanks for your answer. When i look at my chart, I see that the low of the first red candle was broken. 1 - 2 pips away was my entry.
Had a quick look at chart.

Don't think it was a PCRF

Nothing on the chart that would make me want to go short atm, apart from divergence on TDI but this isn't confirmed on HTF charts.

Market might retrace later if you are still in the trade.

Traders are going to want to test that trend and do some damage, but not today they aren't cos its holidays!
Attached Image (click to enlarge)
Click to Enlarge Name: emgbpjpyh1.png Size: 46 KB
  • #36,490
  • Apr 21, 2014 6:13am Apr 21, 2014 6:13am
Looking for a serious trend?
USD/CNH still moving up!
How far can it go?

Regards
psa
  • #36,491
  • Apr 21, 2014 6:51am Apr 21, 2014 6:51am
Good day to all
I keep waiting for a reversal in this pair
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-USD 2014-04-21.png Size: 43 KB
  • #36,492
  • Apr 21, 2014 7:00am Apr 21, 2014 7:00am
Quoting cesar8
Good day to all I keep waiting for a reversal in this pair {image}
I don't know what you are trading but it's not TMS, you aren't using APB or HA and there's no cross of the TDI??

Trade what you see not you think.
  • #36,493
  • Apr 21, 2014 7:19am Apr 21, 2014 7:19am
Quoting irishtoffy
{quote} Hi TP123 or anyone else proficient in MPTM EA, I remember you helped me with inputting EA settings before, so I am hoping you can help again. I have attached the SET file that I currently use, and am hoping to adjust it to these settings below: 30 pip JSL Close 30% of position at 30 pip On next jump at 60 pip close 40% position Leave remaining 30% of position to continue running on the 30 pip JSL until either - I manually exit or the SL is hit. I can't get my settings to work when I input them! toffy {file}
I was on a trip to my village during weekend. Just returned and feeling little sleepy.
I havent used mptm myself but will try to adjust it for you if i could after waking up .

I had some day chart trades open from last week, closed them all today with 4 percent gain( some of them were negative but most of them were in green when i checked them back today after weekend), will post charts later.

Sorry to those who had PM me and didnt get reply yet, will reply them soon too.
I am not random, U just can't think as fast as me....
  • #36,494
  • Apr 21, 2014 7:39am Apr 21, 2014 7:39am
Just gone into slight overall profit thanks EURUSD h1 trade (TDI cross, break of PAC and LT guppy). Rest small losses so far.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1apture.JPG Size: 59 KB
  • #36,495
  • Apr 21, 2014 8:36am Apr 21, 2014 8:36am
My 2cents worth for the day.
The difference from 3 years ago to today on how I see things. I walked away from Forex disillusioned and frustrated. i walked back in 7 weeks ago and maybe I'm just ready to 'see' things differently. with that being said - -
We are in a 5 day stretch of very low volatility; therefore, lagging indicators are going to be skewed. TDI, is a lagging indicator (though, a few good one). Even still, until 'normal' conditions present themselves again after bank holidays, Easter weekend, etc, when price moves, the TDI is going to be exaggerated. I've posted below an EU 4hr chart to show this.... What I keep in mind is that the TDI cross is nowhere near the 68 to show true market sentiment of this move... (and in this case the move is right into a decent support zone). And this move will have difficulty to break that support until later. When there is no action, things tend to mellow out into a narrow range and RSI's. TDI's and the like will gravitate towards the center; ie - what I'm seeing now. Things look good, but, there's no 'mojo' to move anything seriously. Instead of watching my trades with trepidation (like 3 years ago); i sit and wait
So, I stand aside, read, study, learn and patiently wait....

https://charts.mql5.com/4/503/eurusd...rectdealer.png
Pip what you see; See what you pip!
  • #36,496
  • Apr 21, 2014 9:25am Apr 21, 2014 9:25am
Quoting SeerEye
My 2cents worth for the day. The difference from 3 years ago to today on how I see things. I walked away from Forex disillusioned and frustrated. i walked back in 7 weeks ago and maybe I'm just ready to 'see' things differently. with that being said - - We are in a 5 day stretch of very low volatility; therefore, lagging indicators are going to be skewed. TDI, is a lagging indicator (though, a few good one). Even still, until 'normal' conditions present themselves again after bank holidays, Easter weekend, etc, when price moves, the TDI is going...
I like your style Seereye, there's no need to rush into something at the end of an easter weekend.

Saying that EUR/USD looks like it's setting up for a bounce on D1.
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Apr 14 EUR:USD D1 Chart.png Size: 115 KB
  • #36,497
  • Apr 21, 2014 9:38am Apr 21, 2014 9:38am
Quoting thomi
{quote} hello phx62 thank you for your chart each week and your trade you learn a lot . you say " if there is no volatility in the market " but how do you judge if there will be volatility ?
trade eur usd h1 I tried way phx62

Attached Image (click to enlarge)
Click to Enlarge Name: phx62.JPG Size: 109 KB
  • #36,498
  • Edited 3:13pm Apr 21, 2014 9:48am | Edited 3:13pm
Quoting thomi
{quote} hello phx62 thank you for your chart each week and your trade you learn a lot . you say " if there is no volatility in the market " but how do you judge if there will be volatility ?
There are several ways to judge volatility in the market:
a. Look at the size of the last two or three candles....the smaller they are, the less momentum or volatility in the market and if there are wicks on both ends of most of the recent candles, price is consolidating.
b. Look at your TDI.....if the green, red and yellow (if there is a longer consolidation) are all hanging out along the 50 line, there is no volatility in the market.
Both of those can quickly tell you at a glance if price is moving or consolidating.
  • #36,499
  • Apr 21, 2014 12:24pm Apr 21, 2014 12:24pm
I am curious about is there any video sample of live TMS session? This kind of video can be instructive.

Thanks.
  • #36,500
  • Apr 21, 2014 1:55pm Apr 21, 2014 1:55pm
Quoting DesiBaba
{quote} Interesting, Maybe you could do that to look for trades but its very important to consider PA also because the tdi gives signals based on its readings of PA and well PA is number one always. TDI = strong slope PA= right color you want and good solid close or bouncing of support or resistance level = high probability win
Tnx DesiBaba,
yes, all indicators are lagging because they depend on PA. The RSI is maybe the closest to price action of 'em all.

I was just building an exercise for training the entry possibilities where green crosses red without interference of any candles. This cross is nothing else than 2 different RSI 's on the same PA.
Practicing this will probably make me a better TMS trader, and that's the whole point of course.

cheers,
vaper
120 traders viewing now