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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

  • #43,161
  • Nov 3, 2014 5:09am Nov 3, 2014 5:09am
Quoting omonisha
{quote} This is the one i am using. I too use Synergy mod. Yes they are little different than real one {file}
Hi, Omonisha

If you don't mind, could please tell me why you prefer this to II_SupDemMod indicator? I am new to this kind of indicator and want to learn more.....

Thanks,
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,162
  • Nov 3, 2014 5:14am Nov 3, 2014 5:14am
EA trade
Attached Image (click to enlarge)
Click to Enlarge Name: When Should I enter on This trade.png Size: 207 KB


I'm looking to enter on long EA if PA breaches previous day high and hold. Tried nearly 3 times today morning (AEST). I'll wait for the next candle to complete and see how it goes or try to find another opportunity tomorrow.

No need to rush as PA has to break previous day High or Low to go either direction and hit the ADR of current day.

Kindest Regards
  • #43,163
  • Nov 3, 2014 5:44am Nov 3, 2014 5:44am
Hey guys,
I went long EURAUD.
Everything seemed ok, except for the gap that's not filled yet!
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 44 KB
  • #43,164
  • Nov 3, 2014 5:46am Nov 3, 2014 5:46am
Quoting WDays
{quote} I generally never take a trade when my trading timeframe TDI is overbought or oversold. I took an EJ long and not a GJ long because of that +50 reached {image} {image}
Great job WDays,
I found it but I don't know why I didn't take it? lake of courage? I don't know...
  • #43,165
  • Nov 3, 2014 6:08am Nov 3, 2014 6:08am
GN long this morning on the 1 hour!

Looking for 100 pips TP but will watch PA
Attached Image (click to enlarge)
Click to Enlarge Name: GN 3-11.png Size: 32 KB
Give yourself a chance and trade it like it's layed out...
  • #43,166
  • Nov 3, 2014 6:44am Nov 3, 2014 6:44am
Quoting heispark
{quote} Hi, Omonisha If you don't mind, could please tell me why you prefer this to II_SupDemMod indicator? I am new to this kind of indicator and want to learn more..... Thanks,
Hi heispark

No special reason to choose this one. I guess every S/R works the same way as it does. It's just a visual thing. Easy for me to see where is the S/R zone.
Sad i'm not trying to understand PA
  • #43,167
  • Nov 3, 2014 6:46am Nov 3, 2014 6:46am
Quoting omonisha
{quote} Hi heispark No special reason to choose this one. I guess every S/R works the same way as it does. It's just a visual thing. Easy for me to see where is the S/R zone.
Thank you for the feedback, Omonisha!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,168
  • Nov 3, 2014 6:59am Nov 3, 2014 6:59am
Quoting Bizzzle
GN long this morning on the 1 hour! Looking for 100 pips TP but will watch PA {image}
Wow, this pair has HUGE ADR!! Unfamiliar though, I should try it.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,169
  • Nov 3, 2014 7:47am Nov 3, 2014 7:47am
Quoting Kouroushi
{quote} Great job WDays, I found it but I don't know why I didn't take it? lake of courage? I don't know...
Thank you After the BOJ meeting on friday, I choose to focus on jpy pairs this week

Quoting Bizzzle
GN long this morning on the 1 hour! Looking for 100 pips TP but will watch PA {image}
Great Bizzle
  • #43,170
  • Nov 3, 2014 7:50am Nov 3, 2014 7:50am
60 pips on EJ H1
Attached Image (click to enlarge)
Click to Enlarge Name: 3.11.14 EURJPYH1.png Size: 48 KB
  • #43,171
  • Nov 3, 2014 8:37am Nov 3, 2014 8:37am
Good morning TMS traders,

Just a couple of tips for you...

If you go back to the beginning of this system you will find that Eelfranz was
a "counter trend trader". I've struggled with counter trend trades for years.
They look so nice & profitable. But in my experience they are very choppy
and high risk trades. So if you are trading counter trend trades be very,
very careful. I would suggest that you only trade with the trend.

Eelfranz traded on the 4 hour chart. He would put in his trade at (10:00 p.m.
west coast time), L/O at 1:00 a.m., then he would check the 2:00 a.m. candle
and the 6:00 a.m. candle, then liquidate out. In other words 2 APB's then
liquidate out on the 3rd candle (unless it was really moving in his favor). For
the most part Eelfranz was early to get in & out. Count the APB's. On candle
3 think of liquidating out and not entering. Any APB after the 3rd candle is
a higher risk trade. You need to count the APB's and keep track of the count.
Don't trade not knowing the candle count...

Keep these tips in the back of your mind

sj
  • #43,172
  • Nov 3, 2014 8:44am Nov 3, 2014 8:44am
Quoting Bizzzle
GN long this morning on the 1 hour! Looking for 100 pips TP but will watch PA {image}
Update TP hit 100pips
Attached Image (click to enlarge)
Click to Enlarge Name: GN 03-10 update.png Size: 28 KB
Give yourself a chance and trade it like it's layed out...
  • #43,173
  • Nov 3, 2014 10:15am Nov 3, 2014 10:15am
Anybody's short in EURUSD?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 36 KB
  • #43,174
  • Nov 3, 2014 10:31am Nov 3, 2014 10:31am
Quoting Kouroushi
Anybody's short in EURUSD? {image}
still is in short from 14/15 hours ago
Daniel
  • #43,175
  • Nov 3, 2014 10:36am Nov 3, 2014 10:36am
Quoting WDays
{quote} I generally never take a trade when my trading timeframe TDI is overbought or oversold. I took an EJ long and not a GJ long because of that +50 reached {image} {image}
very nice
I'm curious, that +50, is there any relation with how the TDI is in overbought region on 4h or its just preference? Because of course the aftermath reveals that you could have gone the 150pips. Sometimes i feel like we are playing golddigger with a timebomb ticking, and we just have no idea when it's gonna explode..
Daniel
  • #43,176
  • Nov 3, 2014 10:51am Nov 3, 2014 10:51am
Quoting Greenb
{quote} very nice I'm curious, that +50, is there any relation with how the TDI is in overbought region on 4h or its just preference? Because of course the aftermath reveals that you could have gone the 150pips. Sometimes i feel like we are playing golddigger with a timebomb ticking, and we just have no idea when it's gonna explode..
I've a history of not liking mondays, not just because I'm often still hungover from my weekend debauchery, but because the market is slow and choppy most times. I had a half decent TDI cross near the 68 level, it wasn't perfect but it was decent and I had a strongly overbought H4 TDI, even though it stepped up. I had the same identical move on GJ, but I chose to play it on EJ because EJ at least crossed below the 68 line, and look for my minimum target, which is +50. There is more to it at this point, EJ tends to move a bit slower than GJ, so 50 pips seemed more realistic (I had a 40 pip TP initially, but decided if it goes 40 it will go 50 and changed it)

edit: and lastly and most importantly, I'm still trying to work up the nerve to keep trades open for 100 pip TPs
  • #43,177
  • Nov 3, 2014 11:02am Nov 3, 2014 11:02am
Since this week I'm trading jpy crosses, I'll be trying to land a position on both EJ and GJ every time, and also I'll be trying to get 100 pips at least once this week... Wish me luck
  • #43,178
  • Nov 3, 2014 11:15am Nov 3, 2014 11:15am
Quoting Bizzzle
{quote} Update TP hit 100pips {image}
Bizzzle, did you also exit on the 1H?
  • #43,179
  • Nov 3, 2014 11:16am Nov 3, 2014 11:16am
Quoting WDays
Since this week I'm trading jpy crosses, I'll be trying to land a position on both EJ and GJ every time, and also I'll be trying to get 100 pips at least once this week... Wish me luck
good luck to you then bring home that loads of pip in a gold plated wheelbarrow!
Daniel
  • #43,180
  • Nov 3, 2014 11:42am Nov 3, 2014 11:42am
Quoting Greenb
{quote} good luck to you then bring home that loads of pip in a gold plated wheelbarrow!
Thanks bro, let's hope I do
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