Trading Made Simple | Page 2169 | 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

  • #43,361
  • Nov 6, 2014 9:25pm Nov 6, 2014 9:25pm
Likica,

The art of anticipation...

You have to get in tune with the overall market and how it is flowing. Then follow the flow. In the charts I
provided the daily charts were in a downtrend. When I saw the price action on the 4 hour chart I could
see that price was hugging the price action channel and I was looking for price to follow it down.

Since the trend was down, I was anticipating a sell on the pullback into resistance . The price action
channel was acting as resistance. The middle of the price action channel is the 10 ema.

I trade more like X-Man & Emmanuel, I look at the apb's first, then the tdi. Eelfranz looked at the tdi first, then the apb's.
Same system just traded a bit differently. I don't know which way is better. But I feel comfortable
watching price. To me trading is not mechanical it is also a art. Kinda like when a ice skater is flowing
around a ice rink. You need to use both mechanical & art in trading...

***Thanks Emmanuel for your support!!! I won't step on your toes...your the #1 teacher.
I'm only trying to help out...***

sj
  • #43,362
  • Nov 6, 2014 10:40pm Nov 6, 2014 10:40pm
Here is another example where I see a H1 TDI Green cross the Yellow.
This is also a H4 candle close, and the APB is blue and also the APB#1 candle.
You need to look and see what the risks are.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 7 Nov H1 TDI cross.png Size: 53 KB


Edit:
another view using EURNZD H1 chart.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 7 Nov H1 TDI views.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,363
  • Nov 6, 2014 11:43pm Nov 6, 2014 11:43pm
Quoting lddd
{quote} thanks for your kind reply, appreciate it. Can you tell me how much trades you normally hit like that a month? H4 sounds fine to me too.
Hi lddd,

First, you need to know that no two traders trading the same method/system will have the same results.

Last month Oct, I completed 51 trades, with 42 wins and 9 losses. Nett won 2167pips for the month.
The trades were - GU, EJ, EA, GA, GZ, EZ, six pairs last month.
These are for both H1 and H4 trades done with the D chart view.

On an average, not more than 60 trades in one 20 trading days period.
H1 trades - 5 per week
H4 trades (multiple entries / multiple exits) 10 per week.

I just viewed my account update via myfxbook, the Gain:
Oct Month +29%,
Nov this week so far +8.4%.

There are better traders with above 50% average per 20 trading days.
My objective is to achieve and maintain 10% every 20 trading days.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,364
  • Nov 7, 2014 12:14am Nov 7, 2014 12:14am
Hello all,

Just wanted to say hi as a newbie here and maybe take some good advice from you experts :-)

I started reading this thread from the very beginning and I can say I am familiar with the system and even made a few pips along the way. I am reading page 155 right now, so for me, this post is like sending a message to the future :-)

I saw some charts in latest posts and I think there's not much change with the system, you're still applying the rules Eric taught, right? I see some different charts, not resembling HA charts and some different indicators. Can we say that the base principles still apply?

Also, are there any quick recap posts after page 155 you know of? Because it seems to me it'll take forever to catch up with you :-)

Thank you all.
  • #43,365
  • Nov 7, 2014 12:15am Nov 7, 2014 12:15am
Quoting snarlyjack
Likica, The art of anticipation... You have to get in tune with the overall market and how it is flowing. Then follow the flow. In the charts I provided the daily charts were in a downtrend. When I saw the price action on the 4 hour chart I could see that price was hugging the price action channel and I was looking for price to follow it down. Since the trend was down, I was anticipating a sell on the pullback into resistance . The price action channel was acting as resistance. The middle of the price action channel is the 10 ema. I trade more like...

Hi sj,

I don't have problem with you or matter of fact anyone who wants to step on my toes. I know you are genuine person, your intentions are good and that matters to a lot TMS traders.
When my toes hurt, I ask myself if I am trading alright and my account is healthy. I am here to share what I learned and the way I trade with TMS. I am sure if Eric is alive today, TMS would have evolve to something better. I think you agree with me on this.
It has been a many years since Eric started here in FF, that was in 2008. I follow his posts and I saw how he evolved from trading with the Stochastics secrets, then move one to the 21/233 Method and later to the 5-Method which became TMS. The 5-Method is a wonderful trading method which we can trade in all timeframes. But the higher timeframe trading is boring but it is more profitable, and less stress.

kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,366
  • Nov 7, 2014 12:24am Nov 7, 2014 12:24am
will EA be heading up today as it s sitting at support ?
Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 H1 view Fri 7.11.14.png Size: 84 KB
Appreciation is the key to wealth and happiness
  • #43,367
  • Nov 7, 2014 12:28am Nov 7, 2014 12:28am
EURCAD H1 trade 6 Nov closed.
CaveManager saved the day just before the big news.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD 6 Nov H1 trade LO closed.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,368
  • Nov 7, 2014 12:29am Nov 7, 2014 12:29am
Hey Emmanuel,

Nice talking with you again, thanks!

Your numbers are pretty impressive, you have it together!

I ended up on the 4 hour chart because of where I live and I just got used to it.
If I lived in London I'd really go for it but such is not the case...

Remember that tomorrow (N/Y open) is Non-farm-payroll so things could
get interesting with wild swings. I'd be careful about setting any long
term trades tonight. Market should be slow tonight until the news comes out.

Thanks for all your help!

sj
  • #43,369
  • Nov 7, 2014 12:30am Nov 7, 2014 12:30am
Quoting snarlyjack
Likica, The art of anticipation... You have to get in tune with the overall market and how it is flowing. Then follow the flow. In the charts I provided the daily charts were in a downtrend. When I saw the price action on the 4 hour chart I could see that price was hugging the price action channel and I was looking for price to follow it down. Since the trend was down, I was anticipating a sell on the pullback into resistance . The price action channel was acting as resistance. The middle of the price action channel is the 10 ema. I trade more like...
Thanks SJ. Will need more time to see how I evolve my trading into art...not quite there yet since I only trade what I see and not what I anticipate (well apparently I need more experience)
Appreciation is the key to wealth and happiness
  • #43,370
  • Nov 7, 2014 12:40am Nov 7, 2014 12:40am
Quoting snarlyjack
Hey Emmanuel, Nice talking with you again, thanks! Your numbers are pretty impressive, you have it together! I ended up on the 4 hour chart because of where I live and I just got used to it. If I lived in London I'd really go for it but such is not the case... Remember that tomorrow (N/Y open) is Non-farm-payroll so things could get interesting with wild swings. I'd be careful about setting any long term trades tonight. Market should be slow tonight until the news comes out. Thanks for all your help! sj
Hi sj,

Thanks for the NFP reminder. I somehow forgotten about that and busy with many people visiting. Anway, we will be off pubbing and no time for the NFP excitement.

Here is a screen shot of myfxbook. I still need to work on the RR and work that to above 2.0. The holding time for trades can be improve too if I can close my H4 trades within 4 trading days and not keeping trades open over the weekends.
Lot more work to be done.
Attached Image (click to enlarge)
Click to Enlarge Name: myFXBook update 7Nov emmanuel.png Size: 28 KB

Sept month was only few trades as my ibfx account was closed and transfeerred to FXCM. Oct was first month trading with FXCM.

Trade Well.

kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,371
  • Nov 7, 2014 12:44am Nov 7, 2014 12:44am
Quoting emmanuel7788
Here is another example where I see a H1 TDI Green cross the Yellow. This is also a H4 candle close, and the APB is blue and also the APB#1 candle. You need to look and see what the risks are. {image} Edit: another view using EURNZD H1 chart. {image}
Hi Emmanuel, what are those blue lines that are shown on your chart? Is there an indicator that i can download for that? Thank you!
  • #43,372
  • Nov 7, 2014 12:45am Nov 7, 2014 12:45am
Likica,

Emmanuel, X-Man & myself have spent years & years trying to figure this out.
After all this time I don't believe the market is random. I think the market can
be timed & traded.

The good news is, the more you trade, the more you learn. I have found
the process very educational & interesting. I still learn something everyday!
It's amazing to me that the market can hit a level and turn on a dime. When
you watch it, you go wow...I can't believe it made that turn right their.
How cool is that...

By the way most traders get along pretty well. We are all looking at the same things.
Now we might have different opinions on what were seeing but for the most
part were all in this together. Were in the ocean on a raft trying to dodge the sharks...

sj
  • #43,373
  • Nov 7, 2014 12:55am Nov 7, 2014 12:55am
Quoting snarlyjack
Likica, Emmanuel, X-Man & myself have spent years & years trying to figure this out. After all this time I don't believe the market is random. I think the market can be timed & traded. The good news is, the more you trade, the more you learn. I have found the process very educational & interesting. I still learn something everyday! It's amazing to me that the market can hit a level and turn on a dime. When you watch it, you go wow...I can't believe it made that turn right their. How cool is that... By the way most traders get along pretty well....

Fully agree with sj.
The market can be timed....
The market has a rhythm, that rhythm goes on and on and one until all pieces comes together in a loud climax. We follow that rhythm and get in sync with it.

Listen to Bolero link here;
http://www.forexfactory.com/showthre...69#post7840369
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,374
  • Nov 7, 2014 1:09am Nov 7, 2014 1:09am
I do not know how to thank Big E and all the seniors of the thread here for making this system alive, for everyone who has shared their knowledge and indicators as well. I thought I have no chance with forex since I started a year taking this like gambling.

But now, I am very eager and more confident to trade. I used to open 14 charts at the same time with 15m tf which ended up of me not taking trade at all. I didn't know trading in H4 timeframe with 1 or 2 charts would be more efficient for my schedule as a mother taking care of a baby. That's one big point I learned here.

Here is a screenshot of my trades this week since I only started learning here last week. Reading from page 1-60+ and 2150 till now. 4 out of 5 winning trades since on the 2nd trade I was very excited and did not follow the rules of the TMS. For sure there is still so much to learn and will follow this thread always.

Hopefully I can begin live trading next month. Thanks again everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: WK1.png Size: 69 KB
  • #43,375
  • Nov 7, 2014 1:18am Nov 7, 2014 1:18am
Quoting allstate
{quote} Hi Emmanuel, what are those blue lines that are shown on your chart? Is there an indicator that i can download for that? Thank you!

Hi allstate,

That DodgerBlue line is the Day Open of each new day. With that Day Open line on my H1 chart, I can see where the previous day close and the new day open. Usually, there is no gap between previous day close and the new day open.
Using that Day Open line, it is easy to see if the previous days was bearish or bullish. In many cases, when the previous day was bullish close, I look at the price action and the colour nof the APB/HA and the TDI. The high probability is to trade the continuation of the previous day(s) on H1 and H4.

Hope this explains how I use the Day Open line.

Indicator is attached. You need to set the GMT to match your broketr's day open.

regards,
Attached File(s)
File Type: ex4 Daily_Open Line.ex4   8 KB | 1,020 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,376
  • Nov 7, 2014 1:47am Nov 7, 2014 1:47am
Quoting TheScorpS
TMS traders, seniors , can you share how you think about breakout , S&R, Triangles, Channels, etc How have you set your plan, I have been reading today on babypips about breakout, and fade breakout, I think fade breakout does makes lots of sense, I most of the times think about following the breakout before get burned, most of the times, but now reading on babypips , more experienced traders think about fade breakout instead Lastingwell , you have mentioned about not trading breakout, how can I implement that in backtesting, whats that you do that...
If you backtest and forward test you will find that in the vast majority of cases price will come back to test the breakout point, I would rather wait for that to happen and then go into the trade on a signal than go in on the breakout itself. Very very rarely will price go in one direction after the breakout and if it does then I pass until there is a pullback afterwards. That goes for trendlines, horizontal s/r or any other s/r you want to use.
  • #43,377
  • Nov 7, 2014 2:47am Nov 7, 2014 2:47am
Quoting emmanuel7788
{quote} Fully agree with sj. The market can be timed.... The market has a rhythm, that rhythm goes on and on and one until all pieces comes together in a loud climax...
That sounds almost erotic!
  • #43,378
  • Nov 7, 2014 2:49am Nov 7, 2014 2:49am
@snarlyjack

I remember you were trading at some stage using the Guppy moving averages & tdi. Do you still use the guppy's at all as I didn't see them on your recent charts?
  • #43,379
  • Nov 7, 2014 2:50am Nov 7, 2014 2:50am
Here is a valid H4 setup I saw on GBPAUD,
This is a continuation type of trade since we saw a bearish previous day close and PA consolidation around the BRN 1.8500.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD PCRF 3bars.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,380
  • Nov 7, 2014 2:53am Nov 7, 2014 2:53am
Quoting Olafff
{quote} That sounds almost erotic!

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
67 traders viewing now