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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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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

  • #37,421
  • May 13, 2014 7:36am May 13, 2014 7:36am
Quoting TheScorpS
{quote} Very good timing and entry, good luck and thanks for sharing, spent sometime early looking at market movements, on EU, it has done the same
Yes similar moves occured on nearly all EUR pairs.

And EURAUD and EURJPY additionally built up a great divergence between price and TDI - which "exploded" in the 68 area of the TDI.
It was like the TDI creates room / potential for the next down move.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-13 16.30 EURAUD EURJPY H1 - status.png Size: 161 KB
fxFox (all times in my charts are GMT+1)
  • #37,422
  • May 13, 2014 7:52am May 13, 2014 7:52am
Quoting emmanuel7788
NZDUSD week20 H4 trade 13May: A market consolidation seen with a Master Candle breakout trade. Scale-out +32pips and Br remaining position. {image}
Hi Emmanuel

NU and GN H4 Trades

Did you enter these on the H4 charts or drop down to LTF?

Axiom
Edit: Just read your reply to pastecopy, and assuming it was on H4 chart.
Edit: You using HA and not traditional CS wicks?
  • #37,423
  • May 13, 2014 8:11am May 13, 2014 8:11am
NZDUSD

Coming back from historical s/r area
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD5-13-2014.png Size: 56 KB
Sad i'm not trying to understand PA
  • #37,424
  • May 13, 2014 8:11am May 13, 2014 8:11am
Quoting fxFox.mb
{quote} Yes similar moves occured on nearly all EUR pairs. And EURAUD and EURJPY additionally built up a great divergence between price and TDI - which "exploded" in the 68 area of the TDI. It was like the TDI creates room / potential for the next down move. {image}
Great trades as usuall! Thank you for posting charts! That picture with divergence is really nice, the thing that not anyone can notice. Thank you!
  • #37,425
  • May 13, 2014 9:33am May 13, 2014 9:33am
Hi everybody, i' new to this thread, your strategy looks profitable for many of you, i need someone to tell me if a summary exist for this strategy + whatever downloadable indicators. I can't imagine myself reading 1872 pages or more than 37 000 posts to understand the method! Thank you!
  • #37,426
  • May 13, 2014 9:51am May 13, 2014 9:51am
Quoting Zaatar
Hi everybody, i' new to this thread, your strategy looks profitable for many of you, i need someone to tell me if a summary exist for this strategy + whatever downloadable indicators. I can't imagine myself reading 1872 pages or more than 37 000 posts to understand the method! Thank you!
Welcome Zaatar..

Here is the pdf...

Everything you need from this thread are stored inside the paperclip at the top right of this page....

Good Luck
Attached File(s)
File Type: pdf TradinMadeSimple.pdf   1.4 MB | 1,314 downloads
Sad i'm not trying to understand PA
  • #37,427
  • May 13, 2014 9:56am May 13, 2014 9:56am
4 success trade today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5-13-2014 11-52-47 PM.png Size: 21 KB
Click to Enlarge Name: 5-13-2014 11-51-49 PM.png Size: 25 KB
Click to Enlarge Name: 5-13-2014 11-50-53 PM.png Size: 25 KB
  • #37,428
  • May 13, 2014 10:19am May 13, 2014 10:19am
GBP/USD

Market in a down trend, entry taken at counter trend line break, exit at Support level 1 (pivot level)
small trade ..
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-13_13-14-25.png Size: 153 KB
  • #37,429
  • May 13, 2014 10:30am May 13, 2014 10:30am
coming to support zone, perhaps (daily)
Attached Image (click to enlarge)
Click to Enlarge Name: pic47.png Size: 67 KB
the cautious seldom err....C
  • #37,430
  • May 13, 2014 10:30am May 13, 2014 10:30am
Quoting kevinace
GBP/USD Market in a down trend, entry taken at counter trend line break, exit at Support level 1 (pivot level) small trade ..{image}
Nice one Kevinace
Be the dragon master...
  • #37,431
  • May 13, 2014 11:36am May 13, 2014 11:36am
I'm not sure if this is common knowledge and/or if it's been mentioned previously but I have discovered something when back testing this system.

The TDI (and perhaps the other indicators) display different results from when the system is run in the backtester compared to just placing the template on an open charts history. I'm not a programmer so I'm not sure why this is, but my guess is because it works on averages at a certain period, on the back tester it will display at the correct intervals whereas on a history chart, timing had no effect.

I noticed when I was working on a lower TF comparing entries on the backtester to an open higher TF chart and noted inconsistencies. I then ran the same higher TF chart with the same template on the back tester and found the chart draws differently.

Not sure how it effects the results -better or worse as I have to start over again... sigh, it was doing so well too.
As the lights go by so too do the shadows move
  • #37,432
  • May 13, 2014 12:56pm May 13, 2014 12:56pm
Quoting Matts Micro
I'm not sure if this is common knowledge and/or if it's been mentioned previously but I have discovered something when back testing this system. The TDI (and perhaps the other indicators) display different results from when the system is run in the backtester compared to just placing the template on an open charts history. I'm not a programmer so I'm not sure why this is, but my guess is because it works on averages at a certain period, on the back tester it will display at the correct intervals whereas on a history chart, timing had no effect....
Which TDI are you using?
  • #37,433
  • May 13, 2014 1:00pm May 13, 2014 1:00pm
Hello guys. I did tried this strategy for about few months ago, but i just couldn't success with it. I did blow my DEMO account, and now its happening again. So can you please help me and tell me what im doing wrong, or what im missing. What should look better, or how should i analyse better. Topic is "Trading Made Simple" but for me it feels bit hard. Below is picture of Gold entry for short and EURCAD for Long. I see EURCAD is in support level, but still i think im doing something wrong.

One of the exit rules was to exit trade when green line start to go flat, and in this trade it is going. This is happening to me a lot. When i look for past those signals they all make sense, but when im in the trade it always does only one or two candle, and then goes reverse. What should i do to avoid this?et

GOLD entry is marked with Vertical line
EURCAD entry you see in pic.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gold.jpg Size: 295 KB
Click to Enlarge Name: EURCAD.jpg Size: 296 KB
  • #37,434
  • May 13, 2014 2:31pm May 13, 2014 2:31pm
Quoting medIce
Hello guys. I did tried this strategy for about few months ago, but i just couldn't success with it. I did blow my DEMO account, and now its happening again...
medIce,

trading on H1 is not that "easy" only to look at TDI and APB candles and press the button.
The "naked" TMS as eelfranz traded it, was originally constructed for H4.

For trading in H1 you must add more things in your trading decision, so consider the overall trend (look i.e. at the next higher chart - H4), the time in the trading session you are in and have a look at the current price action in your H1 timeframe.

Looking at the two charts on H4 I see a consolidation in a downtrend on eurcad (and downtrend on D1) and at least an uptrend on Gold (the larger D1 goes down). That means both of your entrys go against the last main trend on higher timeframe. Countertrend trades have a lower probability.
fxFox (all times in my charts are GMT+1)
  • #37,435
  • May 13, 2014 3:49pm May 13, 2014 3:49pm
Quoting Axiom
{quote} Hi Emmanuel NU and GN H4 Trades Did you enter these on the H4 charts or drop down to LTF? Axiom Edit: Just read your reply to pastecopy, and assuming it was on H4 chart. Edit: You using HA and not traditional CS wicks?

Hi Axiom,

For all my H4 trades, I always check the higher timeframes Day and Weekly charts to form a bias or the higher timeframe trend when when I see H4 trade setups. Then dropping down to one timeframe lower H1 and to look for a retracement type entry that will enable a trade entry wih smaller initial stop loss.
For Price Action PA type setups, use only the Japanese Candlesticks or the traditional price bars which shows the open, high, low and close OHLC.

Multi-TimeFrame Analysis MTFA requires the use of three(3) timeframes -
D1/W1 for the trend or the trade bias,
H4 for the trade setups
H1 for timing the trade entry.

The wicks of the price candles/bars are important as we see the range of that period. The body of the price candles/bars is also important as it will show when there is buyers or sellers strength and momentum, Remember we trade with PA and the relative strength of the price. The RSI or the TDI shows us the price relative strength in short term and longer term, that is how we must read the TDI PL Green vs TSL Red and their reference in relation to the overall longer term MBL Yellow line.

Remember the 10 skills sets which I mentioned many times.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,436
  • May 13, 2014 3:55pm May 13, 2014 3:55pm
Quoting Matts Micro
I'm not sure if this is common knowledge and/or if it's been mentioned previously but I have discovered something when back testing this system. The TDI (and perhaps the other indicators) display different results from when the system is run in the backtester compared to just placing the template on an open charts history. I'm not a programmer so I'm not sure why this is, but my guess is because it works on averages at a certain period, on the back tester it will display at the correct intervals whereas on a history chart, timing had no effect....

Hi Matts Micro,

That sounds like you have a 'defective' TDI which is the heart of this Tradeing Made Simple 5-Method.

Back-test that TDI and also with the standard RSI period 13, add two simple moving averages - SMA7 and SMA 34 to that RSI data and you will see the Fozzy RSI similar to the TDI.

Good Luck with back-testing.
PM me when you want some tips on back-testing.

Attached Image (click to enlarge)
Click to Enlarge Name: Fozzy RSI as the TDI.png Size: 61 KB


regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,437
  • May 13, 2014 4:09pm May 13, 2014 4:09pm
Quoting medIce
Hello guys. I did tried this strategy for about few months ago, but i just couldn't success with it. I did blow my DEMO account, and now its happening again. So can you please help me and tell me what im doing wrong, or what im missing. What should look better, or how should i analyse better. Topic is "Trading Made Simple" but for me it feels bit hard. Below is picture of Gold entry for short and EURCAD for Long. I see EURCAD is in support level, but still i think im doing something wrong. One of the exit rules was to exit trade when green line...
If I should add to what fxfox.mb mentioned...It is clear that looking at the longer time frame the pair is consolidating but I also see that the time you entered the trade could be a factor...I do see that the pair eur/cad is tasting a previous support...which in my estimation gives your entry a credence but the time you enter the market is illiquid and that can make tread like that not to be a success. If I should take that trade...I could better wait till opening of London and see how price react at the support...close to where your stop loss is. But hang in...it might turn good.
  • #37,438
  • May 13, 2014 4:18pm May 13, 2014 4:18pm
Quoting akwunomy
{quote} If I should add to what fxfox.mb mentioned...It is clear that looking at the longer time frame the pair is consolidating but I also see that the time you entered the trade could be a factor...I do see that the pair eur/cad is tasting a previous support...which in my estimation gives your entry a credence but the time you enter the market is illiquid and that can make tread like that not to be a success. If I should take that trade...I could better wait till opening of London and see how price react at the support...close to where your stop...
EURCAD:
also take a look at last Friday' 9 May H1, that huge H1 candle took out all the stops above and reset the price to BRN 1.5000, yesterday was luring LTF buyers and slaughter them in one swift action using the news factor.
Look at D1 and W1, these tell the bigger story and stay away from market knee-jerk reaction to news.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,439
  • May 13, 2014 4:39pm May 13, 2014 4:39pm
It's been awhile since my last trade but took this short last night for almost 100 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 5-12-14 EN Short 100 pips.jpg Size: 405 KB
  • #37,440
  • May 13, 2014 5:57pm May 13, 2014 5:57pm
Quoting gavman
Took a short on the AU earlier when the TDI was in the 68 zone on the H1. Took a look at the M15 to confirm and found a nice setup there. I set Cavemanager to 'Use_Preceding_TP' but it did not seem to work, otherwise I would still be in the trade.... {image}
Hi gavman,

You are not alone. I am using HY markets and my cavemanager is not working at all. I have wasted a lot of time and finally they admitted no EA support. I am changing my broker as I cannot manage my trades manually due to working hours. If anyone has suggestion let me know?

Thanks, hoperich
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