Trading Made Simple | Page 1897 | 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

  • #37,921
  • May 29, 2014 6:38pm May 29, 2014 6:38pm
Took a short earlier and made 91pips. took another short (where blue vertical line is and tdi cross) At b/e+. Set TP at 1.4568
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1.png Size: 55 KB
the cautious seldom err....C
  • #37,922
  • May 29, 2014 6:46pm May 29, 2014 6:46pm
NZDUSD Week22 H4 30May GMT2345 ... 15 min before Tokyo opens.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week22 H4 30May pre=Tokyo open.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,923
  • May 29, 2014 6:46pm May 29, 2014 6:46pm
A trade taken on H4. At b/e+ TP 94.70
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpyh4.png Size: 54 KB
the cautious seldom err....C
  • #37,924
  • May 29, 2014 6:49pm May 29, 2014 6:49pm
Quoting pips29
Took a short earlier and made 91pips. took another short (where blue vertical line is and tdi cross) At b/e+. Set TP at 1.4568 {image}
Hi pips29,
You caught that Day Master candle breakout very nicely. and managed that very well for maximum run in this week.

Good Trading.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,925
  • May 29, 2014 6:56pm May 29, 2014 6:56pm
was 50 pips in green on this pair earlier. But now could be facing an 8 pips in the red. Wt heck. Trade taken where blue vertical line is. Rejection in the form of a doji at 50 ema
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1.png Size: 61 KB
the cautious seldom err....C
  • #37,926
  • May 29, 2014 7:58pm May 29, 2014 7:58pm
Greetings everyone from the sunny prairies of North Dakota. I have been enjoying the knowledge of the traders in this thread and especially the charts. Therein lies my problem/question. I have searched around but haven't found a way to set up TDI etc on my smartphone. I'm out here on the tractor from 7 am until 11 pm and only have internet at work although I will be getting fiberoptics within the next week or two. Anyhow it sure would be nice to at least monitor the TDI and HA from the tractor lol. Anyone have any ideas?
  • #37,927
  • May 29, 2014 8:20pm May 29, 2014 8:20pm
Quoting pips29
was 50 pips in green on this pair earlier. But now could be facing an 8 pips in the red. Wt heck. Trade taken where blue vertical line is. Rejection in the form of a doji at 50 ema {image}
Solid entry mate!
I would have exit differently however, seeing the average daily range is 58, 50 would have been a good target. Or move SL to the daily pivot level.
Everything you can imagine, is real - Pablo Picasso
  • #37,928
  • May 29, 2014 8:31pm May 29, 2014 8:31pm
Quoting emmanuel7788
AUDUSD Week22 H4 quick scalp...+20pips.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week21 29May H4 scalp.png Size: 31 KB
{image}

A follow through with that scalp trade.
Got stopped out when price pulled back.
Re-entry as Plan A is buy mode only.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week22 H4 29May re-entry.png Size: 39 KB


AUDJPY,
Same Plan A with stronger Aussie.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week22 H4 29My trade BE.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,929
  • May 29, 2014 8:49pm May 29, 2014 8:49pm
Would you take daily signals today seeing it is the end of the month?
Everything you can imagine, is real - Pablo Picasso
  • #37,930
  • May 29, 2014 10:36pm May 29, 2014 10:36pm
Quoting emmanuel7788
{quote} Hi pips29, You caught that Day Master candle breakout very nicely. and managed that very well for maximum run in this week. Good Trading. EMMANUEL
Dear Emmanuel Sir and other seniors,
If there are two very contradictory analysis from international banks, whom should we trust?
According to one of a bank's analysis (read in FF only) ... Yen is supposed to have ended its bullish run and should weaken against USD, EURO and Aud by minimum 260 - 400 Pips .... Other bank says (read again in FF) ... Taking 200 MA as a trend definer ... EJ, UJ and AJ should go down ..... And Yen proved stronger yesterday against USD, EURO and Aud .....

http://www.bloomberg.com/news/2014-0...-reversal.html

http://www.efxnews.com/story/24480/g...ag-commerzbank

Now ... What should a retail trader believe ...
Or should we altogether ignore these analysis and purely do what TDI and other basic trading knowledge says ...
Thanks in Advance ......
  • #37,931
  • May 29, 2014 10:42pm May 29, 2014 10:42pm
Quoting adikashyap
{quote} Dear Emmanuel Sir and other seniors, If there are two very contradictory analysis from international banks, whom should we trust?
Try not to predict, mate. Let the graph and the price show you what it's doing.
Everything you can imagine, is real - Pablo Picasso
  • #37,932
  • May 29, 2014 10:59pm May 29, 2014 10:59pm
Quoting Direwolf
{quote} Try not to predict, mate. Let the graph and the price show you what it's doing.
Thanks a ton ... might be as a Knowledge ... How and Why two renowned banks give different analysis???
As few traders believe and rumor ... are they trying to mislead retail traders?
  • #37,933
  • May 30, 2014 12:23am May 30, 2014 12:23am
well there are only 2 to guess anyway -up or down. I can flip a coin to match my opinion with 1 of those 2 banks, so, dont think about it too much.
Everything you can imagine, is real - Pablo Picasso
  • #37,934
  • May 30, 2014 12:59am May 30, 2014 12:59am
Quoting adikashyap
{quote} Thanks a ton ... might be as a Knowledge ... How and Why two renowned banks give different analysis??? As few traders believe and rumor ... are they trying to mislead retail traders?
They are looking at charts and analysing according to their indicators. You and I could look at the same chart and look at it differently, coming up with 2 completely different analyses because we see things differently. Nothing more to read into it than that. As direwolf said, look at your charts and come up with your own analysis because it can only go two ways, up or down, one of them will be right and one wrong if their analyses differ. No great conspiracy, just different opinions.
  • #37,935
  • May 30, 2014 1:49am May 30, 2014 1:49am
Quoting adikashyap
{quote} Dear Emmanuel Sir and other seniors, If there are two very contradictory analysis from international banks, whom should we trust? According to one of a bank's analysis (read in FF only) ... Yen is supposed to have ended its bullish run and should weaken against USD, EURO and Aud by minimum 260 - 400 Pips .... Other bank says (read again in FF) ... Taking 200 MA as a trend definer ... EJ, UJ and AJ should go down ..... And Yen proved stronger yesterday against USD, EURO and Aud ..... http://www.bloomberg.com/news/2014-0...-reversal.html...
Hello adilkashyap,

I am not a forex market expert and will not pretend that I am one.
One of my mentors made this statement once when he was asked about market analysts report.
Bulls make money,
Bears make money,
Only the Pigs get slaughtered.

As for me, I am just an old and foolish retail trader who believe in following:
- there is a trend in every timeframe,
- as a trend trader, I must trade with and following only the primary trend for high probability trades,
- trade only when there is momentum in seen in the price in the higher timeframe,
- knowing the market sentiments thorugh reading the Japanese candlesticks,
- follow basic price action and support and resistance,
- use a proven money management strategy,
- learn and know how to manage my own trading psychology.

I won't read too much into those market reports and I keep my trading as simple as I can and more imporrant is that I adopt a consistent approach how I approach the market so that I can remain profitable over a long term.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,936
  • May 30, 2014 4:16am May 30, 2014 4:16am
Haven't gotten any good trades today.

Tried to enter AUDJPY H1 when TDI cross down, lucky to realize the round number 0.93 right below, so, able to close it before it reverse for +2 pips.
Attached Image


GBPCHF. Enter looks good on daily but pretty bad on H4. Anyway, -20 pips.
Attached Image


Done for the week and for the month. Hope Monday will bring better trading opportunity.
Everything you can imagine, is real - Pablo Picasso
  • #37,937
  • May 30, 2014 5:14am May 30, 2014 5:14am
Guys,
After your advice, I've been working on demo with TMS for weeks now. I know I lack enough PA knowledge, so:
Are you find it easier to trade with TMS or pure PA?
Where can I learn the PA the best way? Al Brook's or Lance Beggs or etc?
  • #37,938
  • May 30, 2014 6:32am May 30, 2014 6:32am
Quoting emmanuel7788
{quote} Hello adilkashyap, I am not a forex market expert and will not pretend that I am one. One of my mentors made this statement once when he was asked about market analysts report. Bulls make money, Bears make money, Only the Pigs get slaughtered. As for me, I am just an old and foolish retail trader who believe in following: - there is a trend in every timeframe, - as a trend trader, I must trade with and following only the primary trend for high probability trades, - trade only when there is momentum in seen in the price in the higher timeframe,...
Thanks a lot for a lengthy advise. Now ...
1. How to judge momentum in price in higher TF?
2. How to analyse the market sentiment through Candle Sticks?
3. What strategy / Indi to know the Nearest Support and Resistance and Price Action?
4. How to differentiate between Primary and temporary / secondary trends?
5. My broker charges in upwards of 80 points (8 pips) to 140 points (14 pips) spread for pairs like EurCad, AudCad, GC, GCad, etc. Do you think it is still worth to trade them?

Thanks again in advance ....
  • #37,939
  • May 30, 2014 6:45am May 30, 2014 6:45am
Hi Kouroushi.

I think there are more underlying knowledge you should know that are more important. Like Big E said - Know The Basics!
Support & resistance for example will help you no matter what system you trade. For me, the level you take your trade from is far more important than anything else.

Here's an example how S/R works on all systems.

This yellow level right here. You can tell it's an important level that's been rejected many times.
Attached Image


So, TMS enter. We got a TDI cross right here after price rejected an important S/R. You know this has high chance to win.
Attached Image


With pure price action, it's still the same idea - the candle I marked with purple is showing rejection to go high, from the same level.
Attached Image


See? Slightly different entry but same analysis and same idea.

Some would recognize it as Bat harmonic pattern, heads and shoulders, 1-2-3, or whatever. to me, they all still boils down to basic Support/Resistance.
Everything you can imagine, is real - Pablo Picasso
  • #37,940
  • May 30, 2014 7:02am May 30, 2014 7:02am
Quoting Direwolf
Hi Kouroushi. I think there are more underlying knowledge you should know that are more important. Like Big E said - Know The Basics! Support & resistance for example will help you no matter what system you trade. For me, the level you take your trade from is far more important than anything else. Here's an example how S/R works on all systems. This yellow level right here. You can tell it's an important level that's been rejected many times. {image} So, TMS enter. We got a TDI cross right here after price rejected an important S/R. You know this...
Thank you Dirwolf,
Very good example, the simpler the better
I'm not that amateur though, but still haven't found the system suits me
183 traders viewing now