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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

  • #37,221
  • May 7, 2014 7:50am May 7, 2014 7:50am
Hi there，can anyone post the atr projection indicator, many many thanks
  • #37,222
  • May 7, 2014 8:11am May 7, 2014 8:11am
Quoting yanerfei
Hi there，can anyone post the atr projection indicator, many many thanks
Attached File(s)
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 429 downloads
.... laughing all the way to the bank
  • #37,223
  • May 7, 2014 8:15am May 7, 2014 8:15am
Closed my trades early. 3 hours before what the system asks for. Monitored it and decided to close. AJ +7 GJ +25. Also opened a trade for EA +4 around 10AM time, but decided to close all trades. If i kept it open one hour longer everything would have been sour.
  • #37,224
  • May 7, 2014 8:26am May 7, 2014 8:26am
Quoting hunter101
Closed my trades early. 3 hours before what the system asks for. Monitored it and decided to close. AJ +7 GJ +25. Also opened a trade for EA +4 around 10AM time, but decided to close all trades. If i kept it open one hour longer everything would have been sour.
Good idea..... the market is so volatile these days so its best to take what you can
.... laughing all the way to the bank
  • #37,225
  • May 7, 2014 9:15am May 7, 2014 9:15am
Quoting itsallover
{quote} Good idea..... the market is so volatile these days so its best to take what you can
Smash & grab
  • #37,226
  • May 7, 2014 9:29am May 7, 2014 9:29am
GOLD...Scaling due to news....Stop out +130
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #37,227
  • May 7, 2014 9:31am May 7, 2014 9:31am
Gold -20, -20, +60, +60, EJ + 15

Gold had been chopping back and forth so when M15 showed possible consolidation, bailed out. Left desk for a couple of hours to find that price would have reached both my targets of 100 and 150pips! Argh! When I leave trades alone, I get stopped out. When I bail out, price reaches my target.

Entered EJ late, so just grabbed what I could.
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  • #37,228
  • May 7, 2014 12:37pm May 7, 2014 12:37pm
5min Gold divergence with TDI 07/05/14
http://gyazo.com/ecae7ca1613e6b20893e3611c8ddfc47
while the objective is profit, the job description is risk management
  • #37,229
  • May 7, 2014 2:20pm May 7, 2014 2:20pm
Made this trade on GBP / JPY H1. Take Profit of 50 pips was hit Reasons for entry: TDI cross and support zone.
My SL was 50 pips, and my trailling stop was 21 pips. Entered this trade and went to university. When I came home I saw my TP was hit. That was a nice "forget" trade.

I wanted to post it earlier but at the moment I have a bad internet connection here ;(

Best regards,

Fx94
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  • #37,230
  • May 7, 2014 2:43pm May 7, 2014 2:43pm
Who are some good options for us trading account.
  • #37,231
  • May 7, 2014 2:53pm May 7, 2014 2:53pm
Quoting Tanglewood
{quote} Smash & grab
Snipe and snatch
.... laughing all the way to the bank
  • #37,232
  • May 7, 2014 5:43pm May 7, 2014 5:43pm
Quoting mkfx
{quote} Hi emmanuel what is this R method? Thanks

Hi mkfx,

Here is a good book to read when you start on your journey to become a trader.

Attached Image


PM you later with more.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,233
  • May 7, 2014 5:53pm May 7, 2014 5:53pm
Quoting hostwey
{quote} Thanks EM. Do you have an indicator for this upthrust bar, or is part of a VSA strategy? Interesting article on upthrust bars here https://www.dukascopy.com/fxcomm/fx-...n=read&id=1361

Hi hostwey,

I do have a candlestick scanner/alert for various types of candlesticks patterns, for example Pin Bar, Engulfging Bar, etc. This is separate from the ones used in VSA study.
I am very new to VSA study and found some basics which I apply to my trading TMS 5-Method. The reversals using thrust bar and volume add wieght to high probability setups. The GBPAUD trade this week is a good example. That trade ran 8 canldes and still running.

Thanks for the article at dukacopy website. Good read and confirms my study so far.

Best regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,234
  • May 7, 2014 6:16pm May 7, 2014 6:16pm
GBPJPY week19 POMO:

If you sold GBPJPY using H4 yesterday, you could have sold into support in a narrow range market type.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY week19 7May POMO.png Size: 87 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,235
  • May 7, 2014 6:28pm May 7, 2014 6:28pm
Quoting emmanuel7788
GBPJPY week19 POMO: If you sold GBPJPY using H4 yesterday, you could have sold into support in a narrow range market type. {image}
Hi emm!
what are the best (A+...) setups, can't you explain please, or show me some other posts where they are explained.

nice to see you back...

regards, cmk
  • #37,236
  • May 7, 2014 6:34pm May 7, 2014 6:34pm
Quoting Fx94
Made this trade on GBP / JPY H1. Take Profit of 50 pips was hit Reasons for entry: TDI cross and support zone. My SL was 50 pips, and my trailling stop was 21 pips. Entered this trade and went to university. When I came home I saw my TP was hit. That was a nice "forget" trade. I wanted to post it earlier but at the moment I have a bad internet connection here ;( Best regards, Fx94 {image}

Fx94,

Very good trade in my opinion.
There was consolidation and you pick the direction correctly with TDI Green PL above Red TSL above Yellow MBL....this is very important when we trade in lower timeframes and to pick the high probability setups.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,237
  • May 7, 2014 6:54pm May 7, 2014 6:54pm
Quoting cmk
{quote} Hi emm! what are the best (A+...) setups, can't you explain please, or show me some other posts where they are explained. nice to see you back... regards, cmk

Hi cmk,

Trading TMS requires some discretion on the part of the trader. The more experience the better the trader becomes.

When I develop TMS 5-Method into my own winning system, my focus is in post#261 by eelfranz.
Post#261 link:
http://www.forexfactory.com/showthre...16#post4575616

Learning and building upon that post#261 alone, I look for Reversal and Continuation Patterns using both Candlestick study and Chart Pattern study taught by two experts - Thomas Bulkowski and Steve Nison. I made severel posts in this thread with materials attached. Please look for them in the attachments.

What is also important is that I beleive in trading Price Action with Support and Resistance PASR There are many different school of thought on Support and Resistance by different forex coaches and expert technical anaylysts. For me, I learn from babypips.com how to indentify Support and Resistance and I adopted that method consistently throughout when I develop my own winning system using TMS 5-Method as the core. It is not a holy grail method but what I feel is more important is to apply a proven method consistenlty over a longer time and let the results prove itself.

Here is the link to babypip.com on Support and Resistance.
http://www.babypips.com/school/eleme...istance-levels

When we combine the use of these knowledge and look for trade setups, these should be sufficient to tell us what a A+++ high probability trade setup is for us to make a quick simple trade decision and pull that trigger with confidence.

This TMS 5-Method is indeed a very simple technical method to trade. But to make our trading simple, we need to have the knowledge and experience and combine with a proven money managerment strategy and make that into a winning system.


Hope this answer your question.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,238
  • May 7, 2014 7:43pm May 7, 2014 7:43pm
Quoting emmanuel7788
{quote} Hi cmk, Trading TMS requires some discretion on the part of the trader. The more experience the better the trader becomes. When I develop TMS 5-Method into my own winning system, my focus is in post#261 by eelfranz. Post#261 link: http://www.forexfactory.com/showthre...16#post4575616 Learning and building upon that post#261 alone, I look for Reversal and Continuation Patterns using both Candlestick study and Chart Pattern study taught by two experts - Thomas Bulkowski and Steve Nison. I made severel posts in this thread...


Thank you!
cmk
  • #37,239
  • May 7, 2014 10:57pm May 7, 2014 10:57pm
Quoting emmanuel7788
{quote} Hi cmk, Trading TMS requires some discretion on the part of the trader. The more experience the better the trader becomes..... This TMS 5-Method is indeed a very simple technical method to trade. But to make our trading simple, we need to have the knowledge and experience and combine with a proven money managerment strategy and make that into a winning system. Hope this answer your question.

Great post emmanuel. I am just starting out on this system and have read up on it but you covered it all along with the basics that is always good to reread for affirmation.
As the lights go by so too do the shadows move
  • #37,240
  • May 7, 2014 11:00pm May 7, 2014 11:00pm
Could one of the more experience users of tms please tell me what you think about the current crosses on the 4H that have been largely caused by news? They are great according to tms rules and on the right side of MBL but would you say they have already moved too much to enter trades?
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