Trading Made Simple | Page 1880 | 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

  • #37,581
  • May 16, 2014 2:20pm May 16, 2014 2:20pm
Quoting fxFox.mb
EURAUD H1 1st trade was after LO, as EURAUD broke above the FO candle and the TOK_5H channel and TDI cross up. Price continued above the previous weeks low (purple line), but couldn't stay above and returned. Exit near B/E. {quote} I had the same trade, but held some parts of the trade a little longer with nearly the same result 2nd trade on PCRF and TDI cross down. After the quick and constantly move down of up to 44 pips in one H1 candle I exited 1/2 of the pos. with +39 pips. Often the move will not continue immediately and take a rest. Like...
Congratulations for your great results!!!
Can you give us more details about how you trade the FO candle please? ( in which pairs do you trade, how do you trade (Sl and TP), what is your results in trading FO candle.
I saw that you trade using FO candle at EURAUD and at EURJPY. Do you use another pairs?
Can you give us more details about how do you trade using TOK_5H channel ? Do you use a indicator for this? What is your results and in what pairs do you use this method?
Thank you for all, I learn so much from you!
  • #37,582
  • May 16, 2014 3:23pm May 16, 2014 3:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1.png Size: 57 KB
  • #37,583
  • Edited 4:45pm May 16, 2014 3:44pm | Edited 4:45pm
Quoting pastecopy
The GN chart is almost similar to the EA where it went up after Asian session breakout and then pullback, signaled from Bearish Engulfing Bar. The GN was with a bearish bar or PCRF was seen, I shorted but it went against me . Any feedback for this? {image}
If on h1 I will very rarely go against the h4, I need some sign that it may turn, and where you took that short, there was nothing on h4 to suggest it might turn around, tdi was still strongly holding up and there was no sign there could be a reversal on there, that would have stopped me putting in the sell on h1.

If you only want to look on the one timeframe when you're trading, then look at the difference between the cross of the tdi on the GN chart when you took the trade, and the one on EA you are comparing with and you will see a pretty big difference between the two.
  • #37,584
  • May 16, 2014 4:01pm May 16, 2014 4:01pm
Hi,

I have recently started looking on this thread and also read about initial 200 posts.

While I had got the latest indicators ( from last few posts for build 600+) but I am bit confused about the rules of this method as the new indicators and all recent charts look much different than the original thread content and various more indicator lines/variables coming in chart picture.

Is there any recent compilation of rules of TMS that can be referred to keep latest with system.

regards,
  • #37,585
  • Edited 6:23am May 17, 2014 2:15am | Edited 6:23am
Quoting pastecopy
The GN chart is almost similar to the EA where it went up after Asian session breakout and then pullback, signaled from Bearish Engulfing Bar. The GN was with a bearish bar or PCRF was seen, I shorted but it went against me . Any feedback for this? {image}
Hi pastecopy

when i failed a trade i find number of reason why i failed...trading with the trend is less risky...i failed to follow that rule too every now and then.......lots of senior member advised to follow at least one higher time frame trend...

i went on this trade too for long..you can see the image couple of post above..

see the image below...previous day a pullback candle..now created a beautiful PCRF...do you see any short entry?

That is just my observation...hope experienced senior member will reply your post...we all can learn from that...

Regards
Omonisha
Attached Image (click to enlarge)
Click to Enlarge Name: GN.png Size: 109 KB
Sad i'm not trying to understand PA
  • #37,586
  • May 17, 2014 5:26am May 17, 2014 5:26am
Quoting omonisha
{quote} Hi pastecopy when i failed a trade i find number of reason why i failed...trading with the trend is less risky...i failed to follow that rule too every now and then.......lots of senior member advised to follow at least one higher time frame trend... i went on this trade too for long..you can see the image couple of post above.. see the image below...previous day a pullback candle..now created a beautiful PCRF...do you see any short entry? That is just my observation...hope experienced senior member will reply your post...we all can learn...

Hi Omonisha,

I don't trade the GBP/NZD because of the spread with my broker 10 pips.

This is how I look at it, I like to see some sort of trend going on the +1 TF I hope the images below explain how I look at it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17th May 14 GBP:NZD D1 Chart.png Size: 139 KB
Click to Enlarge Name: 17th May 14 GBP:NZD H4 Chart.png Size: 153 KB
Click to Enlarge Name: 17th May 14 GBP:NZD H1 Chart.png Size: 178 KB
  • #37,587
  • May 17, 2014 6:18am May 17, 2014 6:18am
Quoting stevepatt
{quote} Hi Omonisha, I don't trade the GBP/NZD because of the spread with my broker 10 pips. This is how I look at it, I like to see some sort of trend going on the +1 TF I hope the images below explain how I look at it {image} {image} {image}

Thanks a lot steve....Nice reading chart....well explained...feeling happy looking at your chart....i was thinking the same direction...improving my observation
i also don't like to trade these pair my broker spread is 7 pips...though i was long..had to close it with a minor loss..a little move against me was causing lots of pip loss...

many of us learning a lot from your chart..thanks for your valuable input...

Regards
Omonisha

Edit...By the way i now know how to use Stop Order Entry....applied it with EURAUD yesterday...good thing ..thanks again
Sad i'm not trying to understand PA
  • #37,588
  • May 17, 2014 8:08am May 17, 2014 8:08am
GBPAUD....Divergence
Attached Image (click to enlarge)
Click to Enlarge Name: Divergence GBPAUD.png Size: 59 KB
Sad i'm not trying to understand PA
  • #37,589
  • May 17, 2014 9:17am May 17, 2014 9:17am
Quoting omonisha
{quote} Hi pastecopy when i failed a trade i find number of reason why i failed...trading with the trend is less risky...i failed to follow that rule too every now and then.......lots of senior member advised to follow at least one higher time frame trend... i went on this trade too for long..you can see the image couple of post above.. see the image below...previous day a pullback candle..now created a beautiful PCRF...do you see any short entry? That is just my observation...hope experienced senior member will reply your post...we all can learn...
Hi omonisha,

Thank you for your feedback regarding the 4H reference. In this case, let's say the 1H bearish candle (green arrow) was part of the 4H's (gold arrow) and the 4H candle is not fully closed yet, how would you judge the bias?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture1.png Size: 751 KB
  • #37,590
  • Edited 9:40am May 17, 2014 9:22am | Edited 9:40am
Quoting lastingwell
{quote}If on h1 I will very rarely go against the h4, I need some sign that it may turn, and where you took that short, there was nothing on h4 to suggest it might turn around, tdi was still strongly holding up and there was no sign there could be a reversal on there, that would have stopped me putting in the sell on h1. If you only want to look on the one timeframe when you're trading, then look at the difference between the cross of the tdi on the GN chart when you took the trade, and the one on EA you are comparing with and you will see a pretty...
Hi lastingwell,

"rarely go against the h4" meaning, the previous (bullish) 4H candle as mentioned by omonisha? If by 4H trend, it's a down trend.
  • #37,591
  • May 17, 2014 9:27am May 17, 2014 9:27am
Quoting pastecopy
{quote} Hi lastingwell, "rarely go against the h4" meaning, the previous 4H candle as mentioned by omonisha? If by 4H trend, it's a down trend.
If I may, Lastingwell has said in the past that if she were to go short for instance, she would like the previous H4 candle(s) to be hinting towards a drop at least.
  • #37,592
  • May 17, 2014 2:54pm May 17, 2014 2:54pm
It's very interesting about TOK_5H for me too. I have a pdf file with explanation of this method, but i don't clearly understand how to identify a nice setup. What is ATR (10) and ATR (20)? How to determine it, which indicator to use? If anyone can explain this i would be very thankful!
  • #37,593
  • May 17, 2014 3:21pm May 17, 2014 3:21pm
Quoting pastecopy
{quote} Hi omonisha, Thank you for your feedback regarding the 4H reference. In this case, let's say the 1H bearish candle (green arrow) was part of the 4H's (gold arrow) and the 4H candle is not fully closed yet, how would you judge the bias? {image}

For me that is called CP pattern [ continuation pattern ].....Thanks to Lastingwell and WDays for the input...stevepatt has posted nice reading chart...

let us all learn....

i found this video on youtube about trend and cp pattern...
Inserted Video


Happy trading

Regards
Omonisha
Sad i'm not trying to understand PA
  • #37,594
  • May 17, 2014 3:44pm May 17, 2014 3:44pm
Quoting toledoFX
It's very interesting about TOK_5H for me too. I have a pdf file with explanation of this method, but i don't clearly understand how to identify a nice setup. What is ATR (10) and ATR (20)? How to determine it, which indicator to use? If anyone can explain this i would be very thankful!
Hi toledoFX

TOK_5H [ Tokyo 5 hour ]......you can draw a line of Tokyo 5H high and low...you also can find indicator inside the paperclip named session, Asian session etc to draw line and pip range...

ATR [ Average True Range ].....you can find many indicator about ATR inside the paperclip at the top right hand of this thread...

  1. Post 34,865

change the period at the input tab to 20 and 10.....you will have the result....

How to trade... you have the pdf........

Attached Image (click to enlarge)
Click to Enlarge Name: ATR.png Size: 3 KB
Sad i'm not trying to understand PA
  • #37,595
  • May 17, 2014 4:48pm May 17, 2014 4:48pm
Quoting omonisha
{quote} Hi toledoFX TOK_5H [ Tokyo 5 hour ]......you can draw a line of Tokyo 5H high and low...you also can find indicator inside the paperclip named session, Asian session etc to draw line and pip range... ATR [ Average True Range ].....you can find many indicator about ATR inside the paperclip at the top right hand of this thread... Post 34,865 change the period at the input tab to 20 and 10.....you will have the result.... How to trade... you have the pdf........ {image}...
Hi, omonisha! Thank you very much! I used almost the same indicator: xADR_vbovb1, but i couldn't make it to show ATR on the chart, it was showing only daily range. Now i downloaded usuall xADR and it shows all the needed information! Thank you very much! Now the rules of TOK_5H are clear.
  • #37,596
  • May 17, 2014 9:03pm May 17, 2014 9:03pm
Quoting emmanuel7788
{quote} Hi Steve, I fuly agree with you that if Eric is alive and trading today, he would have shared with us how TMS evolves as the market is dynamic. The market condition has definitley changed. The volatility and liquidity have changed significantly and we can no longer get those pre-2010 weekly ranges for the majors pairs anymore. Therefore the R and R-Multiple methods and Positioning Sizing strategy is still a major thing to create the edge for our winning system. Someone closest to Eric is Snarlyjack back to the pioneer years together with...
Thanks for that link, good to re-read SnarlyJacks use of the Guppy and MA's to help see the market picture.
  • #37,597
  • May 18, 2014 12:16am May 18, 2014 12:16am
Quoting pastecopy
{quote} Hi lastingwell, "rarely go against the h4" meaning, the previous (bullish) 4H candle as mentioned by omonisha? If by 4H trend, it's a down trend.
As wdays has said in his post, I don't look at the "trend" but I need some sort of hint the higher timeframe maybe about to turn. That can be a candle pattern, divergence, trendline something to tell me. I explained what I'm looking for in this post: http://www.forexfactory.com/showthre...57#post7460857
  • #37,598
  • May 18, 2014 2:27am May 18, 2014 2:27am
Quoting tradesmarty
Hi, I have recently started looking on this thread and also read about initial 200 posts. While I had got the latest indicators ( from last few posts for build 600+) but I am bit confused about the rules of this method as the new indicators and all recent charts look much different than the original thread content and various more indicator lines/variables coming in chart picture. Is there any recent compilation of rules of TMS that can be referred to keep latest with system. regards,
Hi tradesmarty,

Go to post # 32,493 (http://www.forexfactory.com/showthre...17#post7344417) by Bizzzle. Its the post where he announced that he will be trading according to the original TMS method. That will give you a pretty good idea about the rules.

Then read all Bizzzle's post from that point forward (go here to see all his posts: http://www.forexfactory.com/bizzzle).

Hope it helps.
  • #37,599
  • May 18, 2014 2:42am May 18, 2014 2:42am
Quoting lastingwell
{quote}As wdays has said in his post, I don't look at the "trend" but I need some sort of hint the higher timeframe maybe about to turn. That can be a candle pattern, divergence, trendline something to tell me. I explained what I'm looking for in this post: http://www.forexfactory.com/showthre...57#post7460857
Hi lastingwell,

Would you follow the same logic when trading the H4?

Before taking a trade on the H4, check the Daily for any hint of a reversal there?
  • #37,600
  • May 18, 2014 2:48am May 18, 2014 2:48am
Quoting mor707
{quote} Hi tradesmarty, Go to post # 32,493 (http://www.forexfactory.com/showthre...17#post7344417) by Bizzzle. Its the post where he announced that he will be trading according to the original TMS method. That will give you a pretty good idea about the rules. Then read all Bizzzle's post from that point forward (go here to see all his posts: http://www.forexfactory.com/bizzzle). Hope it helps.
Many Thanks Mor !!
42 traders viewing now