Trading Made Simple | Page 1938 | 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

  • #38,741
  • Jun 24, 2014 10:04am Jun 24, 2014 10:04am
Quoting lastingwell
{quote}Sorry Kelly not sure which one you mean, how many candles before the blue line is the one you mean?
... there was a cross 5 candles before your vertical blue line.. (did I say horizontal earlier? lol)
.... laughing all the way to the bank
  • #38,742
  • Jun 24, 2014 10:04am Jun 24, 2014 10:04am
Quoting lastingwell
{quote}What number candle did you enter on when you went in the GJ H4?
#4th candle. TMS is either #1 or #2, counting reset if it's a bounce trade. My mistake of not following TMS by taking this #4th candle entry point.
  • #38,743
  • Jun 24, 2014 10:08am Jun 24, 2014 10:08am
Quoting itsallover
{quote} So the only pairs you'd consider looking at, would be the ones above the zeroline?
above and below. The highest above and the lowest below the 0 line are the extremes. You will get the hang of it playing with this and applying it with tms I reckon would be your edge over others
the cautious seldom err....C
  • #38,744
  • Jun 24, 2014 10:09am Jun 24, 2014 10:09am
Quoting itsallover
{quote} ... there was a cross 5 candles before your vertical blue line.. (did I say horizontal earlier? lol)
Ok I see it now, its a good cross but (and looking at h1 solely without taking h4 into account) its still just below the mbl but without coming from an extreme so I wouldn't take it until the green crossed the mbl.
  • #38,745
  • Jun 24, 2014 10:13am Jun 24, 2014 10:13am
Quoting lastingwell
{quote} I don't like to take crosses too close to the mbl mainly because they very often bounce off of it.
My TDI (TDI_RT.mq4) shows it's above MBL, one of the reasons I took the trade. Not much difference with Synergy's?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture3.png Size: 219 KB
  • #38,746
  • Jun 24, 2014 10:18am Jun 24, 2014 10:18am
Quoting pastecopy
{quote} My TDI (TDI_RT.mq4) shows it's above MBL, one of the reasons I took the trade. Not much difference with Synergy's? {image}
We were talking about whether or not I would have taken the cross if I was trading H1. When the cross happened on H1 it was below the mbl. If I was trading H4 it wouldnt have been a trade at all.
  • #38,747
  • Jun 24, 2014 10:20am Jun 24, 2014 10:20am
Quoting pips29
{quote} above and below. The highest above and the lowest below the 0 line are the extremes. You will get the hang of it playing with this and applying it with tms I reckon would be your edge over others
Its kinda how I used to use the csm.... way before I knew about TDI.... I'll have a lookie ...thankyou
.... laughing all the way to the bank
  • #38,748
  • Jun 24, 2014 10:23am Jun 24, 2014 10:23am
Quoting lastingwell
{quote}Ok I see it now, its a good cross but (and looking at h1 solely without taking h4 into account) its still just below the mbl but without coming from an extreme so I wouldn't take it until the green crossed the mbl.
So what you mean by extreme is when TDI bounces off the MBL? Does this apply to the 4 Hr TDI as well? And thankyou
.... laughing all the way to the bank
  • #38,749
  • Jun 24, 2014 10:29am Jun 24, 2014 10:29am
Quoting itsallover
{quote} So what you mean by extreme is when TDI bounces off the MBL? Does this apply to the 4 Hr TDI as well? And thankyou
I'll take a chance on for instance a buy under the mbl as long as its around the 32 mark (as long as its not right next to the mbl) and a sell around the 68 mark, but if its around the middle line and underneath I won't take a buy and on top of it I won't take a sell. If that makes sense
  • #38,750
  • Jun 24, 2014 10:29am Jun 24, 2014 10:29am
Just taken short on H1 tf 2 minutes ago. stop 30 pips .Target open. Football soon
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadh1.png Size: 53 KB
the cautious seldom err....C
  • #38,751
  • Jun 24, 2014 10:31am Jun 24, 2014 10:31am
Took GU short yesterday, didn't move much since RN 1.7000 was supporting PA so waited for a bounce and continuation and it worked, if you back-test this you would see that many times when pa move in your favor and bounce back , it would often continue in the direction of the trade later and hit TP, I wanted to exit on the double bottom at NYO but was not there at the com and the trade was already at BE so just let it run , finally TP hit 50+
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 289 KB
I Have Learned to Take Some Losses to Make Profits
  • #38,752
  • Jun 24, 2014 10:37am Jun 24, 2014 10:37am
Quoting lastingwell
{quote}I'll take a chance on for instance a buy under the mbl as long as its around the 32 mark (as long as its not right next to the mbl) and a sell around the 68 mark, but if its around the middle line and underneath I won't take a buy and on top of it I won't take a sell. If that makes sense
Hopefully this will make it a bit clearer. I have to go out, will be back a bit later on.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 29 KB
  • #38,753
  • Edited 11:30am Jun 24, 2014 10:37am | Edited 11:30am
Quoting lastingwell
{quote}I'll take a chance on for instance a buy under the mbl as long as its around the 32 mark (as long as its not right next to the mbl) and a sell around the 68 mark, but if its around the middle line and underneath I won't take a buy and on top of it I won't take a sell. If that makes sense
I think I understand.
You'll take a buy or sell if TDI is at the extremes even if MBL is in the 'wrong' place because the trade will have enough play, but you won't take a trade if TDI is close to the MBL because PA might bounce off it.
.... laughing all the way to the bank
  • #38,754
  • Jun 24, 2014 10:39am Jun 24, 2014 10:39am
Quoting lastingwell
{quote}Hopefully this will make it a bit clearer. I have to go out, will be back a bit later on. {image}
Perfect. Thankyou LW
.... laughing all the way to the bank
  • #38,755
  • Jun 24, 2014 10:48am Jun 24, 2014 10:48am
Next.
Who else am I interviewing?
.... laughing all the way to the bank
  • #38,756
  • Jun 24, 2014 11:48am Jun 24, 2014 11:48am
Quoting itsallover
{quote} I think I understand. You'll take a buy or sell if TDI is at the extremes even if MBL is in the 'wrong' place because the trade will have enough play, but you won't take a trade if TDI is close to the MBL because PA might bounce off it.
Regarding crosses around the mbl, I think the point that lastingwell is making is:

- if the cross is down, but the cross happens just above the mbl - no short trade
- if the cross is up, but the cross happens just below the mbl - no long trade

Edit:
- if the cross is down, and the cross happens just below the mbl - enter short trade (if all your other trade criteria are met)
- if the cross is up, and the cross happens just above the mbl - enter long trade (if all your other trade criteria are met)
  • #38,757
  • Jun 24, 2014 12:06pm Jun 24, 2014 12:06pm
Quoting pips29
{quote} I don't use 5ema ( big E used it for trend and later disregarded it) . Candles are synergy candles (not HA) and TMS with MBL. I pair currency strength and would take trades accordingly. At the moment I see Cad as being very strong. Moreover, I don't usually trade the H4 charts as I don't seem to do well with this timeframe. May I ask how you trade as I have not seen anything from you?
I trade pure TMS. I follow the rules as laid out by the thread founder. If you use the search function you can see that I have posted several charts along with trade records.
If you are good at something, never do it for free--Joker
  • #38,758
  • Jun 24, 2014 12:10pm Jun 24, 2014 12:10pm
Quoting pastecopy
A failed long trade again. GJ; Jun 24, 14. I found out I always get caught by a fakey, how to reduce this incident? Feedback welcome. {image}
You are very late on both of these trades.
If you are good at something, never do it for free--Joker
  • #38,759
  • Edited 12:48pm Jun 24, 2014 12:13pm | Edited 12:48pm
Quoting Axiom
{quote} Regarding crosses around the mbl, I think the point that lastingwell is making is: - if the cross is down, but the cross happens just above the mbl - no short trade - if the cross is up, but the cross happens just below the mbl - no long trade Edit: - if the cross is down, and the cross happens just below the mbl - enter short trade (if all your other trade criteria are met) - if the cross is up, and the cross happens just above the mbl - enter long trade (if all your other trade criteria are met)
Not quite.

... you said
if the cross is down, but the cross happens just above the mbl - no short trade ( LW will take a trade if TDI is at an extreme .. so in this case 68)
- if the cross is up, but the cross happens just below the mbl - no long trade ( Again, if TDI is at an extreme 32, a long can be taken)
.... laughing all the way to the bank
  • #38,760
  • Jun 24, 2014 12:52pm Jun 24, 2014 12:52pm
Quoting itsallover
{quote} Not quite. ... you said if the cross is down, but the cross happens just above the mbl - no short trade ( LW will take a trade if TDI is at an extreme .. so in this case 68) - if the cross is up, but the cross happens just below the mbl - no long trade ( Again, if TDI is at an extreme 32, a long can be taken)
Thanks.
That clarifies it for me.
21 traders viewing now, 1 is registered:
dahlma3