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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #38,141
  • Jun 6, 2014 5:38am Jun 6, 2014 5:38am
Quoting Direwolf
Heading out to dinner, won't be around to monitor during NFP. So I decided to close my position for now. EURAUD +42 pips. Furthest it went was 47 May the pips be with us. {image}
Well done.
  • #38,142
  • Jun 6, 2014 5:57am Jun 6, 2014 5:57am
Quoting robuk
can anyone help me , when I switch off my computer I seem to lose all my SR lines that have taken quite a while to put on . any help much appreciated
Hello robuk,
I see lastingwell's response to you. I've found that saving the profile keeps the lines on the chart. I don't know if there are different consequences when saving the profile compared to saving the template.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #38,143
  • Jun 6, 2014 9:20am Jun 6, 2014 9:20am
Dear Emmanuel Sir,
If you get time in the week end, I'm awaiting an education on this .....
I have gone through lots of your posts ... You have covered so many diversified topics, it is little tough to put them in an order ....
1. How many terminals do you use to plant and use all your indicators? As I know, you use TDI, Stoch, Fibo, ATR & ADR, PA and few other indicators for your analysis. Having all these Indi on a single terminal / chart might confuse more than Conclude .... My thoughts though ...
2. Can you PLEASE educate us ... with charts on each of your indicators, their respective values (for example different traders use different values for ATR, ADR etc) and how to analyse them?
3. It will do a world of good if you can Educate us ... In chronological order ... 1st step ... 2nd step .. etc ... How you evaluate each of your indicators to take a trade ... In my case, 1st step is TDI confirmation, 2nd step stocho, 3rd step is nearest S/R zones and take position ...
4. Do you have a single plan for whole week and break them in to pieces day by day or do you have separate plans for week / day / 4H? What influences each and / or all these decisions? Few times you did talk about plan A, B and C ... Can you please shed little more light on these plans?
5. I know I'M ASKING TOO MUCH ...But as you rightly said ... who said trading is simple and easy ...
Eagerly waiting for a Lengthy education and thanks in advance ....
  • #38,144
  • Jun 6, 2014 9:55am Jun 6, 2014 9:55am
Quoting adikashyap
Dear Emmanuel Sir, If you get time in the week end, I'm awaiting an education on this ..... I have gone through lots of your posts ... You have covered so many diversified topics, it is little tough to put them in an order .... 1. How many terminals do you use to plant and use all your indicators? As I know, you use TDI, Stoch, Fibo, ATR & ADR, PA and few other indicators for your analysis. Having all these Indi on a single terminal / chart might confuse more than Conclude .... My thoughts though ... 2. Can you PLEASE educate us ... with charts...
The first time you posted this exact paragraph here: http://www.forexfactory.com/showthre...93#post7510793 I thought I was being extremely polite in answering that you would do better for yourself by reading Emmanuel's posts yourself instead of asking for everything to be repeated here. The second time around, I don't really feel like being very polite but will continue to be, this is the TMS thread, it is not somewhere to learn about other indicators or to learn someone else's philosophies in general, there are plenty of places they can be learned without burdening the thread with it, send a pm I'm sure Emmanuel would only be too happy to help.
  • #38,145
  • Jun 6, 2014 10:08am Jun 6, 2014 10:08am
Quoting Kanderpro
{quote} Hello robuk, I see lastingwell's response to you. I've found that saving the profile keeps the lines on the chart. I don't know if there are different consequences when saving the profile compared to saving the template. Kan
Thanks for your reply , help much appreciated

ROB
  • #38,146
  • Jun 6, 2014 10:19am Jun 6, 2014 10:19am
Quoting Kanderpro
{quote} Hello robuk, I see lastingwell's response to you. I've found that saving the profile keeps the lines on the chart. I don't know if there are different consequences when saving the profile compared to saving the template. Kan
If you save the profile, it saves all your charts and settings exactly as they are so thats a good way to go as well as long as its keeping the profile which it should do but as he is getting this problem I'm not sure its keeping everything. Safest way is to save the profile and also templates then if something goes wrong with one of them, the other should work.
  • #38,147
  • Jun 6, 2014 10:36am Jun 6, 2014 10:36am
Quoting lastingwell
{quote}The first time you posted this exact paragraph here: http://www.forexfactory.com/showthre...93#post7510793 I thought I was being extremely polite in answering that you would do better for yourself by reading Emmanuel's posts yourself instead of asking for everything to be repeated here. The second time around, I don't really feel like being very polite but will continue to be, this is the TMS thread, it is not somewhere to learn about other indicators or to learn someone else's philosophies in general, there are plenty...
Point taken ... in polite again .....
But buddy, Your ... just previous post (38,162) contradicts this very post ....
I'm here to learn ... not to rub any one on the wrong side of their mental equilibrium .....
  • #38,148
  • Jun 6, 2014 10:54am Jun 6, 2014 10:54am
Well Adikashyap... no one can do the work for you. You have to do the work yourself. If extracting information from a thread is too much work for you, there are tons of step-by-step courses out there that will give you everything you need.

You claimed you already read the courses on babypips... but the way you ask those questions really contradicts that.

I'll repeat this again - once you have foundation knowledge, you'll be able to understand what the seniors are doing. And you alone can teach yourself those foundations.

No one can hold your hand to become a profitable trader. You have to do it yourself. It's a very personal journey.
Everything you can imagine, is real - Pablo Picasso
  • #38,149
  • Jun 6, 2014 11:03am Jun 6, 2014 11:03am
Quoting Direwolf
Well Adikashyap... no one can do the work for you. You have to do the work yourself. If extracting information from a thread is too much work for you, there are tons of step-by-step courses out there that will give you everything you need. You claimed you already read the courses on babypips... but the way you ask those questions really contradicts that. I'll repeat this again - once you have foundation knowledge, you'll be able to understand what the seniors are doing. And you alone can teach yourself those foundations. No one can hold your hand...
Fair enough ....
You are one senior I neither want to argue with or contradict ....
Let the (TMS) show continue ....
I'm here to learn and earn .......
  • #38,150
  • Jun 6, 2014 11:58am Jun 6, 2014 11:58am
The last trade of this week
Attached Image (click to enlarge)
Click to Enlarge Name: 6-6-2014 11-57-20 PM.png Size: 23 KB
  • #38,151
  • Jun 6, 2014 12:31pm Jun 6, 2014 12:31pm
Quoting adikashyap
Dear Emmanuel Sir, If you get time in the week end, I'm awaiting an education on this ..... I have gone through lots of your posts ... You have covered so many diversified topics, it is little tough to put them in an order .... 1. How many terminals do you use to plant and use all your indicators? As I know, you use TDI, Stoch, Fibo, ATR & ADR, PA and few other indicators for your analysis. Having all these Indi on a single terminal / chart might confuse more than Conclude .... My thoughts though ... 2. Can you PLEASE educate us ... with charts...
You want to truly learn? Ditch all that crap, fibos, ADR and what not... ADR is meant to pick pairs (we want to trade volatile pairs, not ones where it feels like watching paint dry). Stochs are confirmation also. They are redundant. S/R zones all depend on the way the market is moving... If you have lower lows, chances are a S is less likely to hold than if you have an uptrend and try to short into support... The plan thing is a sham. Having a plan A and a plan B is kind of like "I'll go long now, because my short attempt failed, since I failed to assess the market I am trading correctly". Stop overcomplicating and praising that which seems (and I say that because it truly only seems) sophisticated. Focus on what really matters, and that is price structure (lower lows/higher highs) and price action + TDI crosses for your entries (e.g pullback bars, breaks of highs or lows and so on)

Pay attention to Bizzle and Lastingwell's posts, that's where you can actually learn something.
  • #38,152
  • Jun 6, 2014 2:02pm Jun 6, 2014 2:02pm
Quoting WDays
{quote} You want to truly learn? ...Stop overcomplicating and praising that which seems (...because it truly only seems) sophisticated. Focus on what really matters, ... price structure (lower lows/higher highs) and price action + TDI crosses for your entries.... Pay attention to Bizzle and Lastingwell's posts, that's where you can actually learn something.
Amen.
  • #38,153
  • Jun 6, 2014 3:20pm Jun 6, 2014 3:20pm
Quoting adikashyap
{quote} Point taken ... in polite again ..... But buddy, Your ... just previous post (38,162) contradicts this very post .... I'm here to learn ... not to rub any one on the wrong side of their mental equilibrium .....
My post to robuk was very different. Robuk was having a problem getting his s/r lines to stay there when he closed the platform and reopened it. Thats entirely different to asking someone to write an essay on trading their different indicators that have nothing to do with trading tms. I learned a lot from phx62's posts on his trading when I first came to this thread and tried the tdi but I didn't ask him to repeat everything he'd written so I could have it in one place, I did some work, studied how he traded and found the best way for me to get the same entries, and I found what suits me. Direwolf and wdays are right when they say you have to do some work for yourself, and deviating from the solid method that is the basis of tms won't give you success.
  • #38,154
  • Jun 6, 2014 8:14pm Jun 6, 2014 8:14pm
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 Manny,job well done..
  • #38,155
  • Jun 6, 2014 8:59pm Jun 6, 2014 8:59pm
Hello Adikashyap and all newbies,

To learn how to trade this TMS 5-Method, you need to go back to where it all started.
Craig Harris Stochastics Method CHS thread start reading from page 184 onwards.
The CHS thread link is here:
http://www.forexfactory.com/showthre...11188&page=226

At some point in the CHS thread, it evolved and eelfranz shared two trading methods, - the 21/233 Method and the 5-Method. You will read how this thread got its name Trading Made Simple and that will lead you to this Trading Made Simple thread which is in fact a continuation of the 5-Method discussions.
In all, it is very important for you to read all the 861 posts by eelfranz in the CHS thread and all the 461 post in this TMS thread. I am afraid there is no short cut and it is important that you have a strong foundation to build on as you learn and develop to become a trader. I like post#261 which is a brief summary of the 5-Method. I will later post something in that CHS thread where you can find more triaining and tutorials.

You can of course trade the H4 chart timeframe the way eelfranz wrote in post#1 but you must know his trade management and how he exit those H4 trades taken at those particular hours. Also his money management and risk profile.
There is also a lot of other knowledge you will need to become better trader and there are different ways and means to acquire the required knowledge. The School of Pipsology at babypips.com is a very popular website for all beginners to get a basic foundation. But there is need for more layers to build upon that.
http://www.babypips.com/school/

In this thread, there are many experts in their own rights. Give them the opportunity for them to share their knowledge here and help you and everyone else who are following this TMS thread. Going forward, starting next week, you can participate in this thread by posting your trading charts using the templates for TMS 5-Method. Post your questions with your charts. Let the experts answer your questions and let them explain things like price action, support and resistance, market structure , etc. I am sure everyone here will benefit and will learn from the experts what they do and how they trade, and also to see what trading made simple and keep it simple really is.
TMS is 5-Method and is indeed a simple technical trading method. Market dynamics has since changed. So let’s all work together and raise the level of sharing and discussions here. The saying: “There is light at the end of the tunnel”. But if that light you see is that of an oncoming train, then you are in the wrong direction.

Have a Good Weekend.

Be Blessed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,156
  • Jun 6, 2014 9:14pm Jun 6, 2014 9:14pm
Quoting brandy711
{quote} Thank you Manny,job well done..
Your are welcome brandy711.

So we did see a Master Candle consolidation, and NFP effect.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week23 6Jun POMO2.png Size: 54 KB


It is so important to get an entry on APB#1 and APB#2 exactly following the rules laid down by eelfranz when we want to grab some quick pips.

Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,157
  • Jun 7, 2014 2:39am Jun 7, 2014 2:39am
Quoting alex8585
Is anyone trading D charts. For me it became impossible in so choppy market. pairs are moving 20 - 30 pips in one direction and then reverse another 20 - 30 pips and staying in the same place. Is there anyone who face the same or it is just me???? All comments will be much appreciated.
Hi Alex,
I agree with you, I'm finding it impossible to trade, D1 charts, by strictly following TMS rules. As I have said before the ADR of most pairs has reduced and with less volatility it's very difficult to enter and exit trades based on the TDI when trading D1 charts.

Can anyone show examples of valid D1 trades with good R:R expectancy by using TDI for entry and exits?
  • #38,158
  • Jun 7, 2014 5:23am Jun 7, 2014 5:23am
Quoting stevepatt
{quote} Hi Alex, I agree with you, I'm finding it impossible to trade, D1 charts, by strictly following TMS rules. As I have said before the ADR of most pairs has reduced and with less volatility it's very difficult to enter and exit trades based on the TDI when trading D1 charts. Can anyone show examples of valid D1 trades with good R:R expectancy by using TDI for entry and exits?
Like Mark pointed out a few posts earlier, sell in may... Summer is really hell for us retailers... If you haven't made enough coin until now, you probably won't make anything big until september at best. Last year volatility picked up in november even..

I suggest sitting patiently and waiting for the "bomb"... Maybe a few days before, maybe a few after HIN.. like EUR pairs right now, there's a medium term downtrend, which I suppose can be traded until a higher low appears on our charts. On EurNzd and EurAud at the very least.
  • #38,159
  • Jun 7, 2014 6:23am Jun 7, 2014 6:23am
Quoting stevepatt
{quote} Hi Alex, I agree with you, I'm finding it impossible to trade, D1 charts, by strictly following TMS rules. As I have said before the ADR of most pairs has reduced and with less volatility it's very difficult to enter and exit trades based on the TDI when trading D1 charts. Can anyone show examples of valid D1 trades with good R:R expectancy by using TDI for entry and exits?

Been making some good pips with the daily charts, i think it's really TMS since i only need to check prices at the open (sometimes up to 1 hour later), and decide if there are trades to be made. Usually there are at lest 2 out of 24 charts. Just takes 15-30 mins to decide. Set it, and let the trades run. R/R may not be the usual 1:2, but usually, I find my trades in positive. Only time in the past 3 weeks i made big losses was within this week, due to the EUR, which if not for setting SL, it would have been still in profit. But on paper, doesnt matter much, and I wanted to see how it would have worked out. Moral of story, avoid big news.

I trade not only the TDI crosses, but also other Synergy methods, e.g. outside of volatility band, HA out of PAC, etc.

Still trying to refine the trade management rules. I think entering 2 trades per entry, TP first for some small gains, then let the second trade run until opposite signals appear, seems good for now. If you looked at past charts, there is a high chance of netting 100+ pips this way (and for some 1000+ pips is also possible! Check EURAUD or GBPAUD).

Happy Pipping.
  • #38,160
  • Jun 7, 2014 7:01am Jun 7, 2014 7:01am
Quoting WDays
{quote} Like Mark pointed out a few posts earlier, sell in may... Summer is really hell for us retailers... If you haven't made enough coin until now, you probably won't make anything big until september at best. Last year volatility picked up in november even.. I suggest sitting patiently and waiting for the "bomb"... Maybe a few days before, maybe a few after HIN.. like EUR pairs right now, there's a medium term downtrend, which I suppose can be traded until a higher low appears on our charts. On EurNzd and EurAud at the very least.

I'm not saying it's impossible to trade just very difficult using TMS and TDI on D1 charts.

All I'm doing is looking for a good daily trend then a pull back in that trend, to a significant structure point, and then looking for PA to take a trade in direction of the trend.

Unfortunately trying to do this and following TMS rules of RED crossing GREEN, do not long above 68 or short below 32 and getting out of a trade when the TDI kinks or the HA changes colour is next to impossible. At best I would end up scalping D1 and R:R would be out the window because finding trades where there is little or no pull back, hence a HA colour change, are rare.
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