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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

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Trading Made Simple

  • #40,661
  • Aug 27, 2014 8:05pm Aug 27, 2014 8:05pm
Quoting froglicker
{quote} Heh, trade reversed on me, not the outcome i was expecting, closed out -20 pips. Looking for new entry. By the way, i remember you saying you got TDI configured on ur mobile MT4 using RSI and Stoch? Do you still have to tutorial for that? {quote} Those are pretty good results on a demo account, but for me it was different. did good and demo but blew half my acc on live. The psychological factor + greed are the 2 things that will come into play as soon as real money is on the table. Since then I've been testing everything out on live, microlots...
sorry to hear about your gold pips left you this time. dont worry, plenty gold pips coming soon...

Here is the TDI configured from TheScropS's quote #39,410 (not looking as beautiful but...i m grateful to have it on)

From MT4 on iPhone , add the following indicators

Indicator window RSI 13 close, color none, or black

RSI 2, simple, close, color green apply to = previous indicator's data

RSI 7, simple, close, color red, apply to = previous indicator 's data

EMA 34, simple, color yellow, apply to= first indicator's data

Bollinger Bands 34, deviations 1.000, color blue, apply to= first indicator's data
Appreciation is the key to wealth and happiness
  • #40,662
  • Aug 27, 2014 8:51pm Aug 27, 2014 8:51pm
Hi guys, trying this strategy since yesterday, started on demo with $300. Yesterday I got one loss and one profit that I've closed. Now I still have 3 positions running with profits. I'll try this strategy for at least one month. Thanks eelfranz..
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  • #40,663
  • Aug 27, 2014 9:00pm Aug 27, 2014 9:00pm
Quoting likica
{quote} sorry to hear about your gold pips left you this time. dont worry, plenty gold pips coming soon... Here is the TDI configured from TheScropS's quote #39,410 (not looking as beautiful but...i m grateful to have it on) From MT4 on iPhone , add the following indicators Indicator window RSI 13 close, color none, or black RSI 2, simple, close, color green apply to = previous indicator's data RSI 7, simple, close, color red, apply to = previous indicator 's data EMA 34, simple, color yellow, apply to= first indicator's data Bollinger Bands 34,...
Nah, all's well.
Current screen looks like this:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB

thats the gold coming back, monitoring every hour at new candle open/close.

Homework? As in charting or studies?
Hope you have a great day!
Cheers!

Comments and criticism always welcome!
(Pure trading on TDI crosses w/o help of fibs and S/R levels, just a test to see how it goes.)
  • #40,664
  • Edited 1:32am Aug 28, 2014 12:12am | Edited 1:32am
Closed XAU on hook, +11pips.
looks like a bounce on H1, pondering re-entry, H4 crossed into uptrend.
Re-entry would be when price pierces through the previous high. (1287-ish)
Attached Image (click to enlarge)
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Thoughts?

Edit: bought @1287. lets see if the bounce holds.

Edit2: went into DD for a bit, and broker suddenly gave VERY LOW spread, added positions and here we are
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  • #40,665
  • Aug 28, 2014 1:40am Aug 28, 2014 1:40am
Quoting froglicker
Closed XAU on hook, +11pips. looks like a bounce on H1, pondering re-entry, H4 crossed into uptrend. Re-entry would be when price pierces through the previous high. (1287-ish) {image} Thoughts? Edit: bought @1287. lets see if the bounce holds. Edit2: went into DD for a bit, and broker suddenly gave VERY LOW spread, added positions and here we are {image}
If you bought gold from M30 where the bounce 61.8% fib D1 is , you could have 2 bags of green pips (just my 99 cents view hehehe....)
Attached Image (click to enlarge)
Click to Enlarge Name: gold view on M30 Thu 28.8.14.png Size: 69 KB
Appreciation is the key to wealth and happiness
  • #40,666
  • Aug 28, 2014 1:45am Aug 28, 2014 1:45am
nice
  • #40,667
  • Aug 28, 2014 2:25am Aug 28, 2014 2:25am
Quoting likica
{quote} If you bought gold from M30 where the bounce 61.8% fib D1 is , you could have 2 bags of green pips (just my 99 cents view hehehe....) {image}
heh.
closed my gold for total profit 50pips, didnt like the PA at the beginning of LO.
Time to look for more pips
  • #40,668
  • Aug 28, 2014 2:41am Aug 28, 2014 2:41am
Quoting froglicker
{quote} heh. closed my gold for total profit 50pips, didnt like the PA at the beginning of LO. Time to look for more pips

my UCHF & GCHF shorts are behaving well....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UCHF H4 short Wed 27.8.14 in progress.png Size: 69 KB
Click to Enlarge Name: GCHF H1 sell Wed 27.8.14 running.png Size: 68 KB
Appreciation is the key to wealth and happiness
  • #40,669
  • Aug 28, 2014 2:56am Aug 28, 2014 2:56am
Quoting likica
{quote} my UCHF & GCHF shorts are behaving well.... {image} {image}
My, i should expand my plate for more lunch and dinner options

1H trade on the Aussie, H4 is nearing 68 on TDI, but my analysis tell me it's going down. I may be wrong, thou.
Attached Image (click to enlarge)
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  • #40,670
  • Aug 28, 2014 3:03am Aug 28, 2014 3:03am
Quoting froglicker
{quote} My, i should expand my plate for more lunch and dinner options 1H trade on the Aussie, H4 is nearing 68 on TDI, but my analysis tell me it's going down. I may be wrong, thou. {image}
my 99 cent view: AU still have room to the up side unless u have big SL...
Appreciation is the key to wealth and happiness
  • #40,671
  • Aug 28, 2014 3:10am Aug 28, 2014 3:10am
Quoting likica
{quote} my 99 cent view: AU still have room to the up side unless u have big SL...
I was bored after entering 2 scalp trades: GU short, EU long (sounds contradictive and not so good heh...) now time for actions. waiting for a long on CL (oil) setting up...
Good luck to all. see you maybe tomorrow.
Appreciation is the key to wealth and happiness
  • #40,672
  • Aug 28, 2014 5:06am Aug 28, 2014 5:06am
EURJPY...
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Sad i'm not trying to understand PA
  • #40,673
  • Aug 28, 2014 7:10am Aug 28, 2014 7:10am
EURUSD......

Thanks.... BigE
Attached Image (click to enlarge)
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  • #40,674
  • Aug 28, 2014 8:17am Aug 28, 2014 8:17am
I think I am correct in saying ( please enlighten me if I am wrong ) that Big E only traded the H4 during London trading times .

But , Something I have noticed is that TMS traders now seem to mostly favour the H1 , is this due to market conditions changing ?
I have been trying to stick to trading the H4 , but haven't had much success , so far .
  • #40,675
  • Aug 28, 2014 8:35am Aug 28, 2014 8:35am
Quoting Rahul 777
EURUSD...... Thanks.... BigE {image}
good catch, mate.
I got stopped on pullback at BE for this trade.
  • #40,676
  • Aug 28, 2014 9:26am Aug 28, 2014 9:26am
EURAUD
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Sad i'm not trying to understand PA
  • #40,677
  • Aug 28, 2014 9:37am Aug 28, 2014 9:37am
Quoting robuk
I think I am correct in saying ( please enlighten me if I am wrong ) that Big E only traded the H4 during London trading times . But , Something I have noticed is that TMS traders now seem to mostly favour the H1 , is this due to market conditions changing ? I have been trying to stick to trading the H4 , but haven't had much success , so far .
Hi Robuk,

You need to be aware of times when Market Traders are on Holidays and change gears. Volatility is slower in this time of the year. The markets starts picking up from end of September up to December. This is very important when you trade to bear these in mind.

All the best.
Born to rule my Economic World and Make a Difference!
  • #40,678
  • Aug 28, 2014 11:00am Aug 28, 2014 11:00am
Hi there,

After 6 months i'm back at the topic and TMS method. I've added a small portion of my own and am trading with the "three timeframes-method".
Still at this point, it's a big must for me to learn each and every day. I am doing my homework correctly every day and am always reading this topic.

Love spending time here and learn lots and lots from you good traders with this lovely method!


Quoting omonisha
EURAUD {image}
Hi omonisha, do you want this resistance being showed on the Daily? I am seeing this resistance in the 1H, it's been tested like three times or so. This isn't valid enough for the whole drawdown to the downside, 250 pips like you said?
  • #40,679
  • Aug 28, 2014 12:39pm Aug 28, 2014 12:39pm
Quoting TheScorpS
{quote} It tells me exactly where is EMA 10 and PA across all time frame, hope that helps, so if you use EMA 10 I think it might help, I glance at it when taking trades or planning trades
Thank you scorps, sorry for the late response.
Already applied the 10EMA when I first read about it in your post.
Do you mind sharing that indi with me, would appreciate it.

Thank you for sharing your knowledge with us.
  • #40,680
  • Aug 28, 2014 1:40pm Aug 28, 2014 1:40pm
Quoting BallijnForex
Hi there, After 6 months i'm back at the topic and TMS method. I've added a small portion of my own and am trading with the "three timeframes-method". Still at this point, it's a big must for me to learn each and every day. I am doing my homework correctly every day and am always reading this topic. Love spending time here and learn lots and lots from you good traders with this lovely method! {quote} Hi omonisha, do you want this resistance being showed on the Daily? I am seeing this resistance in the 1H, it's been tested like three times or so....
Hi BallijnForex

Yes sure i want this to be shown on Daily. Price may continue from here, may be it is a false break. In both occasion in lower time frame this level may break many time. We won't have any clue where is price going. What ever happening on lower time frame is the action of previous PA.

Trend is down. And we are witnessing price at key level. We may have the opportunity to ride on. We are not thinking to jump in now as break is not
confirmed yet. So we wait for the price to close below first. And give us PA at this key level to tell us which direction price wants to go.

Regards
Omonisha
Sad i'm not trying to understand PA
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