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Trading Made Simple

  • #37,181
  • May 6, 2014 9:40pm May 6, 2014 9:40pm
Quoting Matts Micro
{quote} Hey Blue. Right click on the chart and go to properties. You can play with the colours and also if you want the chart on foreground/background. Here's my setup. I keep my main analysis on another platform to keep the confusion low. {image}
thanks a lot, man!
this helps!
patience is a virtue
  • #37,182
  • May 6, 2014 9:46pm May 6, 2014 9:46pm
Anyone else like the look of AJ on the 4H at the moment?
  • #37,183
  • May 6, 2014 10:01pm May 6, 2014 10:01pm
Just sold AJ. Any thoughts?
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  • #37,184
  • May 6, 2014 10:01pm May 6, 2014 10:01pm
AJ and GJ short for 6AM trade. Essentially i'm pro Yen today.. GO YEN!!
  • #37,185
  • May 6, 2014 10:04pm May 6, 2014 10:04pm
Quoting blueseahorse
{quote} thanks a lot, man! this helps!
No prob, happy hunting. Btw nice trade explorer. It is fairly high risk but you seem to be keeping your DD in control. Keep that up for another month or two and your system will look like a real killer .


Quoting olly93
Anyone else like the look of AJ on the 4H at the moment?
As far as this system is concerned I am onto the 4th AJ bear APB (new candle just started) and missed the entry (was signaled) of last candle . I can see where the trade is though, if it gets below 94.80 again there should be a good chance for nice bear run imo.
As the lights go by so too do the shadows move
  • #37,186
  • May 6, 2014 10:06pm May 6, 2014 10:06pm
Quoting timginter
{quote}I've tried to find similar setups like the one on EU to figure them out Could you share the thoughts behind the EU entry? Do you look at TDI + Stochs cross more than PA in those situations (the "golden cross"?) and catch the initial momentum with less confirmation from PA? The candle you entered on seems fairly small comparing to the rest, 10am looks very solid, but I'd never have thought it to be a valid 6am setup
Yes as the the thread owner has always said the TDI is the heart of the system and will tell you everything!

We have a higher probability of success if we trade crosses above the MBL for longs and below for shorts.

Do some back-testing and you will see what I mean

Good luck
Give yourself a chance and trade it like it's layed out...
  • #37,187
  • May 6, 2014 10:25pm May 6, 2014 10:25pm
Quoting ababias
{quote} Great & wonderful trade. Again, it shows TMS can work on any time frame. BigE had aggressive approach. Steve showed that conservative & more stress free approach also generate lots of pips. Everyone needs patience & strategy. Thanks Big E. Do you consider PAC too? Candle has to close below the PAC or only G<R<YorO<50. Do you monitor the trade during the day? How many trades will take place in a month? I know it depends on how many pairs you trade. I just need your approximate number of trades. Again, Thanks a lot Steve.
Hi Ababias,

I like to see the PAC direction in agreement with trade direction and enter when the market has broken the PAC. I've added the 34 SimpleMa to my chart, also, it's the equivalent to the Market Base Line in the TDI I like to see the market above/below this MA before trading. I mainly use Sell Stops to enter a trade, 3 pips above/below the setup candle.

I can't usually monitor a trade during the day because of work commitments. I watch any pair that doesn't have more than a 4.5 pip spread for daily charts as for the amount of trades taken a month on average I'll let you know when I've been trading this for a month.

I know I'm not sticking strictly to BigE's method of trading but I'm a more conservative trader and like to see several things lining up before taking a trade.
  • #37,188
  • May 6, 2014 10:49pm May 6, 2014 10:49pm
Quoting Matts Micro
{quote} As far as this system is concerned I am onto the 4th AJ bear APB (new candle just started) and missed the entry (was signaled) of last candle . I can see where the trade is though, if it gets below 94.80 again there should be a good chance for nice bear run imo.
AJ 4H TDI hadn't crossed on previous candle, so how was that a signal candle? I was tempted to enter short on open of current candle, but have doubts that it could be a one or two candle run, before it turns back up. So I set a sell stop at 90.825. For me, good trades on the 4H have been very hard to come by as of late.
  • #37,189
  • May 6, 2014 10:58pm May 6, 2014 10:58pm
Question to people who are lurking and people who are expieriened with Trading Made Simple How long have you been trading this system and has it been profitable for you?

I been trading for 3 weeks now since i stumbled upon this thread and results are good. I haven't checked but i believe i am above 60% win. Month of April was my first positive month in a while. Even this month, i am up. I am not touting my own horn here but i hope to trade this if it is profitable. Looking at the screen a few times per day is damn enlightening, rather worrying about 'ticks and tocks' of the marking moving.
  • #37,190
  • May 6, 2014 11:10pm May 6, 2014 11:10pm
Quoting sfk2k
{quote} AJ 4H TDI hadn't crossed on previous candle, so how was that a signal candle? I was tempted to enter short on open of current candle, but have doubts that it could be a one or two candle run, before it turns back up. So I set a sell stop at 90.825. For me, good trades on the 4H have been very hard to come by as of late.

Ah, my bad. Sorry I was looking at bear candles not the APB. I still had a cross 2 bars ago but that is prob my broker setup (+3). Looks like a good trade.
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As the lights go by so too do the shadows move
  • #37,191
  • May 6, 2014 11:12pm May 6, 2014 11:12pm
Quoting hunter101
GJ short for 6AM trade
I'm in this one, too, though dynamic entry from H1 (was a bit late for H4). BE + a few pips now and I'll let it run through London open

Quoting Bizzzle
{quote} Yes as the the thread owner has always said the TDI is the heart of the system and will tell you everything! We have a higher probability of success if we trade crosses above the MBL for longs and below for shorts. Do some back-testing and you will see what I mean Good luck
Thanks
  • #37,192
  • May 7, 2014 2:09am May 7, 2014 2:09am
Quoting emmanuel7788
GBPNZD week19 H4 trade 6 May. Took the setup using a Dynamic Candle Entry when the price action bounce off the Prev W Fib127% and also there was MN Historical Swing Level. TDI pointing 12-2 direction from below 32-level. And that strong bullish price bar an UPthrust Bar, ... a A+++ setup. Trade scale-out +59pips and BE remaining position. {image}
GBPNZD H4 trade update:

This one is running up, I see 1.9600 as target and possible reaction, 1.9625 is Historical S&R.

Anyone in this trade?
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,193
  • May 7, 2014 2:23am May 7, 2014 2:23am
Quoting emmanuel7788
{quote} GBPNZD H4 trade update: This one is running up, I see 1.9600 as target and possible reaction, 1.9625 is Historical S&R. Anyone in this trade? {image}
Nope, not till I change brokers as my current one is taking the P with the spread on GBPNZD. 13 pips!

However if I had been, it would have been a trade as the upthrust/pin bar created fresh demand zone and those are my preferred trades
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  • #37,194
  • May 7, 2014 2:35am May 7, 2014 2:35am
Quoting hostwey
{quote} Nope, not till I change brokers as my current one is taking the P with the spread on GBPNZD. 13 pips! However if I had been, it would have been a trade as the upthrust/pin bar created fresh demand zone and those are my preferred trades {image}

I am beginning to like your use of S&D zones.
Those two price bars before that UPthrust bar did send an alert, price got pushed down lowrer with higher volume, that looks like someone is buying at lower prices, creating demand.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,195
  • May 7, 2014 2:41am May 7, 2014 2:41am
This is me about to give up on currency trading, and move to a different market. This stupid central bank protectionism is killing forex quickly. I remember, when I first started, most pairs had 200+ pips ADRs, MO momentum was huge every time... Trading was easier. Right now, you have 70 pips ATR on GJ and are supposed to be extremely happy that you managed to get 50 to 100 pips off a pair like EURAUD/GBPJPY (pairs that used to move explosively back in the day) and still have to discern a good signal from all the choppiness that is going on most of the time, because a good full bull or bear candle =/= momentum nowadays...

Sorry for the whine.
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  • #37,196
  • May 7, 2014 2:47am May 7, 2014 2:47am
Quoting WDays
This is me about to give up on currency trading, and move to a different market. This stupid central bank protectionism is killing forex quickly. I remember, when I first started, most pairs had 200+ pips ADRs, MO momentum was huge every time... Trading was easier. Right now, you have 70 pips ATR on GJ and are supposed to be extremely happy that you managed to get 50 to 100 pips off a pair like EURAUD/GBPJPY (pairs that used to move explosively back in the day) and still have to discern a good signal from all the choppiness that is going on most...
could you please elaborate what " central bank protectionism " it is? any detailed articles to read ? quit interested in this topic, i also noticed the drastic changes in currency markets in recent years.
  • #37,197
  • May 7, 2014 2:48am May 7, 2014 2:48am
Quoting WDays
This is me about to give up on currency trading, and move to a different market. This stupid central bank protectionism is killing forex quickly. I remember, when I first started, most pairs had 200+ pips ADRs, MO momentum was huge every time... Trading was easier. Right now, you have 70 pips ATR on GJ and are supposed to be extremely happy that you managed to get 50 to 100 pips off a pair like EURAUD/GBPJPY (pairs that used to move explosively back in the day) and still have to discern a good signal from all the choppiness that is going on most...
It is still a tradeable market and we are all in the same market.
That is why I look more at R and R-Multiple method rather than looking at the pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,198
  • May 7, 2014 2:49am May 7, 2014 2:49am
Quoting sailorvt
{quote} could you please elaborate what " central bank protectionism " it is? any detailed articles to read ? quit interested in this topic, i notice the drastic changes in currency markets in recent years.
There are articles all over the place, generally it means FED QE, BoJ abenomics, SNB pouring liquidity in euros (I think their reserve amounts to 70% or more euros, also why the Euro is so strong even when the EZ is in the state that it is right now) to keep their own currency lower to avoid what happened a few years ago, ECB doing god knows what too and so on...
  • #37,199
  • May 7, 2014 2:50am May 7, 2014 2:50am
Quoting emmanuel7788
{quote} It is still a tradeable market and we are all in the same market. That is why I look more at R and R-Multiple method rather than looking at the pips.
I'm not saying it isn't tradeable in general, I'm saying I hate doing it, I wake up each morning and sit in front of my screens with disgust knowing that I have to deal with this s#!@ again...
  • #37,200
  • May 7, 2014 3:13am May 7, 2014 3:13am
Quoting WDays
This is me about to give up on currency trading, and move to a different market. This stupid central bank protectionism is killing forex quickly. I remember, when I first started, most pairs had 200+ pips ADRs, MO momentum was huge every time... Trading was easier. Right now, you have 70 pips ATR on GJ and are supposed to be extremely happy that you managed to get 50 to 100 pips off a pair like EURAUD/GBPJPY (pairs that used to move explosively back in the day) and still have to discern a good signal from all the choppiness that is going on most...
My personal advise don't trade anything below the 4 hour chart, If you look at an average move on the 4 hour in them pairs they are at least 200-300 pips.

The 4 hour its a lot easier you have time to take the trade and don't have to trade everyday to make good money

Best of luck
Give yourself a chance and trade it like it's layed out...
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