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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

  • #38,101
  • Jun 5, 2014 6:59pm Jun 5, 2014 6:59pm
How did TMS got its name changed from 5-Method to Trading Made Simple?

here is the history:

http://www.forexfactory.com/showthre...75#post4559075

http://www.forexfactory.com/showthre...86#post4569586
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,102
  • Jun 5, 2014 7:05pm Jun 5, 2014 7:05pm
The three amigos AU, EU and GU all have bullish Day candles closed. If trading counter trend can possible to scalp in lower timeframe only the retracements.
Or else look to buy after the retracements, look for support and the TMS setups with small stop loss.
Today is NFP, and after yesterday's big Euro moves, I do not what to expect. Stay sideline and look at the market noise today.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,103
  • Jun 5, 2014 7:17pm Jun 5, 2014 7:17pm
Quoting pips29
Target hit {image}

Hi Pips29,

Very good trade when all things line up nicely on D, H4 and H1. Good excution and timely too.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,104
  • Jun 5, 2014 7:18pm Jun 5, 2014 7:18pm
Quoting Badway
Add auto zoom function for bars width Enjoy {file} {file}

hey Badway,

Good share here. Thanks!

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,105
  • Jun 5, 2014 7:46pm Jun 5, 2014 7:46pm
Quoting emmanuel7788
Two losses on GBPJPY this week. Lesson learned: Do not trade against a rising MBL Yellow line and also the HTF bullishness. {image}
Good lesson,yes!!!!!
  • #38,106
  • Jun 5, 2014 7:57pm Jun 5, 2014 7:57pm
Quoting MrAussieFX
I've been away because of work and couldn't trade much. I had 1 good trade last week and one big bad trade. Today I took GA H1 trade as I got off from work and below is my explanation of the trade. I'll usually stick to the daily timeframe in future and will only trade H4, H1 when ever Ill have enough time to monitor the trades. GA H1 {image} Any support and what's my target ? {image} Did I check the higher time frame before taking the trade, Yes I did. {image} {image} Please feel free to comment and suggest. Regards
Hi MrAussieFX,

I see a good trade and you use the top down approach looking at D then H4 and trade on H1. That is good and keep to this consistently.
The previous D was bearish close, so yesterday H1 we should look to sell at the end of the retracement of the previous D candle.
I have the same support level 1.7978 on my chart, so good place to place exits but not necessarily closing all trades.

It is good that you stick to one same method following 5-Method for all different timeframe trading be it D chart trading, or H4 trading or H1 trading.
Bascially, TMS is 5-Method and can be traded in all timframes as taught by eelfranz. There is no need to jump to another method or system when we do not have time to trade. We can also trade TMS 5-Method on M5 chart timeframe. This is the nice thuing about TMS 5-Method its simplicty and elegant way to trade. Just include a proven money managemt strategy which will help you achieve your financial objectives.
I suggest you develop three systems - one for Day chart trading, one for H4 swing trading and use H1 for intraday trading. Use different accounts for each of the three system. Use different Money Managerment Strategy for each system. Forward test these three system over a long period of time. Do 100 trades, then evaluate the results and your performance of each of the three systems and know the Expectancy. Make fine tuning and adjustments to your system and continue with another 100 trades. This will take time but you will learn more and the experience is all worth it.

Regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,107
  • Jun 5, 2014 8:13pm Jun 5, 2014 8:13pm
Quoting gcgman
{quote} Some people use the MBL but, I don't. I believe emmanuel whom I consider to be the de facto expert on this system does use it. I am sure he will correct me if I am wrong. In your example, if the TDI crosses below the fifty and everything else says "sell" I take it without any consideration of the MBL.

Hi gcgman,

Yes, I do use the TDI yellow line MBL.
But I got to correct you here, I am not 'de facto expert ... ' in this thread. There are others who are expert in their own right. I read all their posts and learn from everyone. Some things I read and learn too, but I learn not to follow. I spent a lot of time trading with the RSi for some years and I learn from John Hayden teachings and his book "RSI:The Complete Guide". TDI is the same as Fozzy RSI trading method, just different moving average applied to the RSI price data.

Regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,108
  • Jun 5, 2014 8:54pm Jun 5, 2014 8:54pm
EUR/USD

On the M30 chart, you can see a potential bounce off the yellow MBL. If it bounces off it will still go north.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm30.png Size: 41 KB


On the daily chart, it looks bullish at the moment for potential bullish confirmation...we'll just have to wait and see.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 50 KB
Take what the market gives you.
  • #38,109
  • Jun 5, 2014 9:02pm Jun 5, 2014 9:02pm
Hello partners:
Thank you all for share your knowledge!
I took this trade.
any comment?

Attached Image (click to enlarge)
Click to Enlarge Name: 05.06.14.png Size: 87 KB
  • #38,110
  • Jun 5, 2014 9:16pm Jun 5, 2014 9:16pm
Quoting Rajitomate
Hello partners: Thank you all for share your knowledge! I took this trade. any comment? {image}
I personally should not have taken this trade ...
Low of previous candles are hovering at around same zone ...
TDI green line is turning north ... And No confirmation on D chart ...Yet ...
  • #38,111
  • Jun 5, 2014 9:21pm Jun 5, 2014 9:21pm
Quoting adikashyap
{quote} I personally should not have taken this trade ... Low of previous candles are hovering at around same zone ... TDI green line is turning north ... And No confirmation on D chart ...Yet ...
Thank you so much for you comment
I appreciate it a lot
  • #38,112
  • Jun 5, 2014 9:29pm Jun 5, 2014 9:29pm
Quoting Rajitomate
Hello partners: Thank you all for share your knowledge! I took this trade. any comment? {image}

Hello Rajitomate,

Here is my view on USDCAD with that setup. I dont trade this pair but I keep my eyes to see the all CAD pairs to see its strength.

You entry looks late but may work out. Manage with some scale out profit and BE your trade usually work for me.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week23 6Jun POMO.png Size: 80 KB


regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,113
  • Jun 5, 2014 9:36pm Jun 5, 2014 9:36pm
please can someone send me the indicators for red blue price action candles and the tdi indicator for mt4 please
  • #38,114
  • Jun 5, 2014 9:38pm Jun 5, 2014 9:38pm
Quoting Tiggrrr
EUR/USD On the M30 chart, you can see a potential bounce off the yellow MBL. If it bounces off it will still go north. {image} On the daily chart, it looks bullish at the moment for potential bullish confirmation...we'll just have to wait and see. {image}

The Day chart show very bullish candle close, so there may be some follow through in momentum.
But lower timeframe show many small candles, even on M15 it is difficuelt to pick a good entry. Too much risks to trade this pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,115
  • Jun 5, 2014 9:50pm Jun 5, 2014 9:50pm
Quoting officialmoe1
please can someone send me the indicators for red blue price action candles and the tdi indicator for mt4 please
Attached File(s)
File Type: mq4 TDI Red Green.mq4   9 KB | 334 downloads

Hope it helps
  • #38,116
  • Jun 5, 2014 10:06pm Jun 5, 2014 10:06pm
Quoting emmanuel7788
{quote} Hello Rajitomate, Here is my view on USDCAD with that setup. I dont trade this pair but I keep my eyes to see the all CAD pairs to see its strength. You entry looks late but may work out. Manage with some scale out profit and BE your trade usually work for me. {image} regards, EMMANUEL
thank you so much for your time emmanuel.
You´ve been very helpful with all your posts.
  • #38,117
  • Jun 5, 2014 10:14pm Jun 5, 2014 10:14pm
Dear Seniors,
What do the Red dots on yellow candles and white dots on Blue candles mean? What is the relevance with regards to PA?
Could not find any answers in Google ...
Thanks in advance ....
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-fxdirectdealer.png Size: 63 KB
  • #38,118
  • Jun 5, 2014 10:17pm Jun 5, 2014 10:17pm
Dear Seniors,
Why are there Horizontal lines on the candles?
Why are they few times on the left of the candle and few times on the right side?
Few times, they are facing each other dead straight on the face ... What are they trying to convey?
Thanks in advance ....
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-d1-fxdirectdealer.png Size: 43 KB
  • #38,119
  • Jun 5, 2014 10:20pm Jun 5, 2014 10:20pm
Quoting adikashyap
Dear Seniors, Why are there Horizontal lines on the candles? Why are they few times on the left of the candle and few times on the right side? Few times, they are facing each other dead straight on the face ... What are they trying to convey? Thanks in advance .... {image}
Opening and closing price.
  • #38,120
  • Jun 5, 2014 10:36pm Jun 5, 2014 10:36pm
Quoting nave
{quote} Opening and closing price.
Thanks.
But if that is the case, should there be not two horizontal lines, 1 for open and 1 for close?
And few candles do not have horizontal line at all ... In this chart itself, there are about 5 candles without horizontal lines ...
And why are they on left few times and on right few times? And is there any importance whenever they face each other?
I'm using HA candles only after I started this thread ... I want to understand the importance of smallest thing possible ...
I'm trading Live and want to be as knowledgeable as possible ...
Please bear with my questions ...
Thanks in advance ...
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