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Monitor for 'Trading Made Simple' system 565 replies

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

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Trading Made Simple

  • #43,821
  • Nov 13, 2014 11:28am Nov 13, 2014 11:28am
Quoting griffinssoul
{quote} Hi notreally, I hope GU goes well. If its not too much trouble would you mind posting the CJ chart - I'm gnerally more interested in losing trades... no problem if this is not possible... thanks!
Here you go. I know it was above 68 TDI but daily was up but kinda flat.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH4.png Size: 34 KB
  • #43,822
  • Nov 13, 2014 12:35pm Nov 13, 2014 12:35pm
Notreally,

I don't trade that pair...but just looking at it, to me says it's in a strong
up-trend and just making a minor correction. I would be looking to
go long. But it still need a little bit of time for it to expose itself and the
tdi needs to start turning.

But I really don't like calling trades. Anything can & will happen at
any time & you need to be prepared for it with good stops. All
were trying to do is put the odds in our favor. Remember that trading
is a game of probabilities and you also need good money management.

Emmanuel what he teaches is very accurate and very good. You need
to know a lot of things. It takes time to learn how to really trade.
Trading made simple has been a great thread for a long time mostly due to
Eelfranz & Emmanuel. I've been really impressed with both of them.
And we have been very lucky to have them as our leaders!!!
  • #43,823
  • Nov 13, 2014 12:40pm Nov 13, 2014 12:40pm
Quoting Wqiang
{quote} Hi TheScorpS, Why do you short EurJpy? Do you short before the FO candle closed? The candle before you short seemed like a pullback candle.. Regards,
Well each trade has its one conditions, the pullback candle you are referring too is almost a hanging man to me, that formation will not reverse market, cause all it did is to broke structure to the down side, and retest forming Lower High, so all I did was taking the trade based on structure, TDI cross, and EMA 10 on lower time frame ie M5 as I remember in which it acted as resistance after structure was broken
I Have Learned to Take Some Losses to Make Profits
  • #43,824
  • Nov 13, 2014 1:09pm Nov 13, 2014 1:09pm
Quoting muhitalam
Hello Friends, Top Ten Tips which i follow to be Successful *Choose Your Trading Style Carefully *Match Your Trading Style To Your Lifestyle *Select A Broker That Matches Your Trading Style *Use A Low-Risk High-Reward Trading Method *Make Sure Your Trading Method Works in All Markets *Trade The Best Stocks *Know When To Sell Your Stocks *Check Your Winning Edge *Invest in a good online stock trading education * Associate With Successful Online Stock Traders i just share which i try to follow.

I really donīt wanna sound harsh , but these " ten rules" wonīt bring you to a successful trading!!
As first ; This forum forexfactory is specialiced in forex .. and not in stocks..
A better regulated trading is possible with futures
Second .. the strategy must fit .. totally true .. and some more conditions must fit , too ..
But end of day/ week , the time when your account shows more green than red pips , you know patience is the key..
good luck with your trading
Guido
Risiko birgt immer auch die Chance.
  • #43,825
  • Nov 13, 2014 2:23pm Nov 13, 2014 2:23pm
Hey everyone,

By the way...if Emmanuel were to totality retire, which I hope he doesn't.
Imho, Lastingwell should be the next leader!!!

I'm way to old & flaky to run this thread and I would not be interested
in running the thread. Running this thread is a huge undertaking.

I think Emmanuel & Lastingwell are doing a great job and I hope they
continue to run it for a long time

I was just showing people how I trade Tms. Remember their must be
100 way's to skin a cat.

Thanks for all your help!

sj
  • #43,826
  • Nov 13, 2014 2:35pm Nov 13, 2014 2:35pm
Can you look at this USD/CAD 1hr chart. I have been following the thread and have been trading with a demo account for some time with varying degrees of success. I plan to go live next week with a real money account. Anyway I marked the entry and exit points on this chart and was hoping one of you could post some feed back on wether it's correct or not. 292 Pips so far this week.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 44 KB


Also it would be great to hear how some of you prep for entry and exits and what rules you give your self when trading this strategy. Also does anyone use the TMS expert advisor? What results does it give you. what advice can you give?

Many thanks. Nods.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #43,827
  • Nov 13, 2014 2:50pm Nov 13, 2014 2:50pm
Quoting nods80
Can you look at this USD/CAD 1hr chart. I have been following the thread and have been trading with a demo account for some time with varying degrees of success. I plan to go live next week with a real money account. Anyway I marked the entry and exit points on this chart and was hoping one of you could post some feed back on wether it's correct or not. 292 Pips so far this week. {image} Also it would be great to hear how some of you prep for entry and exits and what rules you give your self when trading this strategy. Also does anyone use the TMS...
There is no expert advisor that can work stable . No only mechanical system will work .. thats why we have eyes to use .. and the eye is the best tool we have .. by the way congrats to 292 pips in a week .. Wish you green pips . Guido
Risiko birgt immer auch die Chance.
  • #43,828
  • Nov 13, 2014 3:01pm Nov 13, 2014 3:01pm
I mean this http://www.forexfactory.com/showthread.php?t=303347

Its not an ea that autotrades for you but gives you signals when the tdi crosses and the level of slope.

Attached Image (click to enlarge)
Click to Enlarge Name: tmsea.PNG Size: 14 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #43,829
  • Nov 13, 2014 3:49pm Nov 13, 2014 3:49pm
Quoting nods80
I mean this http://www.forexfactory.com/showthread.php?t=303347 Its not an ea that autotrades for you but gives you signals when the tdi crosses and the level of slope. {image}
Ah , ok sorry , I misunderstood you in that case..
Guido
Risiko birgt immer auch die Chance.
  • #43,830
  • Nov 13, 2014 5:04pm Nov 13, 2014 5:04pm
Hi
I'm new, my English is poor and I count on your help.
The strategy seems to be easy but I have problems and questions.
Is important is the only game in trend or not?
How to avoid fake inputs (as in the picture), I know that you can not just 100% win but how to get 70-80% of valid inputs
It can tell when you play your best and what to look for

thank you
Attached Image
  • #43,831
  • Nov 13, 2014 6:27pm Nov 13, 2014 6:27pm
Quoting sajmon
Hi I'm new, my English is poor and I count on your help. The strategy seems to be easy but I have problems and questions. Is important is the only game in trend or not? How to avoid fake inputs (as in the picture), I know that you can not just 100% win but how to get 70-80% of valid inputs It can tell when you play your best and what to look for thank you {image}
Hi Sajmon.

Avoiding side way market is definitely a must, no matter what method/system you trade.

Unless you specifically trade the "side way" method.
Everything you can imagine, is real - Pablo Picasso
  • #43,832
  • Nov 13, 2014 6:58pm Nov 13, 2014 6:58pm
CADJPY quick review:

By now, we all have seen what happen to the JPY pairs since the last BoJ action two Fridays ago.
JPY will continue to weaken but correctins in the market will happen before the next big move.
What is the market type now?
- is it trending?
or
- sideways wide range UP or Down?
or
- sideways narrow range ... TMS traders we stay out of this market type.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY D chart view big picture planning.png Size: 82 KB


Know the market types and decide on trade or no trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,833
  • Nov 13, 2014 7:13pm Nov 13, 2014 7:13pm
EURAUD and EURNZD technical 'bounce'.

yesterday, we saw these two cousins pairs bounce off a 'support' during the London session.
Those who spotted when LO made the low for that session, you wnet in and buy.
But technically, you could have spotted that 'support' and prepared for an intraday counter trend trade on H1.

Practise on your chart to see where and what that level was when the rebound happen during London session. When the PA showed a bounce, what did the TDI Red,Green and yellow tell you? Once you learn to spot these conditions, you can in future, easier spot those H1 setups when during the London session the market set it high or low for that session. Phx62 is the expert for this type of trades.
Rule of this game is: There must always be Price Action at Support & Resistance PASR for every TMS setup trade decision. This will be a part of your winning edge.

Today is GDP for the two big econmies - France and Germany. Be prepared for bigger moves today on H1. D chart traders, you still have big bear on your side.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,834
  • Nov 13, 2014 9:55pm Nov 13, 2014 9:55pm
Quoting snarlyjack
Notreally, I don't trade that pair...but just looking at it, to me says it's in a strong up-trend and just making a minor correction. I would be looking to go long. But it still need a little bit of time for it to expose itself and the tdi needs to start turning. But I really don't like calling trades. Anything can & will happen at any time & you need to be prepared for it with good stops. All were trying to do is put the odds in our favor. Remember that trading is a game of probabilities and you also need good money management. Emmanuel what he...
Many Thanks Notreally & snarlyjack, that is excellent analysis. I know it can be tough to talk about losing trades but I think you learn much more from them. I would have tried this as well Notreally, exactly the same way because its over-bought, right, so the text-book tells you to go short but I'm realizing the HA candles are a really powerful tool when it comes to making these types of decision. As snarlyjack says it all about stacking the probability in your favour so going with the trend would be on that list. Thanks!

Just a question side question snarlyjack, I see you only trade a handfull of pairs why is that? Simplicity or intent? Thanks!
  • #43,835
  • Nov 13, 2014 9:58pm Nov 13, 2014 9:58pm
If you find TMS Watchdog popup alert is not convient to you for some reasons, try this log viewer named LogFusion Pro. In this feature-limited free version, realtime update and auto-scroll features are supported. Your log file can be found under /MQL4/Files folder in your MT4.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-14_11-37-20.png Size: 78 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,836
  • Edited 10:21pm Nov 13, 2014 10:02pm | Edited 10:21pm
Quoting nods80
I mean this http://www.forexfactory.com/showthread.php?t=303347 Its not an ea that autotrades for you but gives you signals when the tdi crosses and the level of slope. {image}
Hi nods80, thanks for showing that I didn't know about it? So, it gives you a summary of the pairs you select? Has it been useful. Thanks! Great trading by the way!

EDT: nods80, just for the record, this is a 'EA monitor' for TMS: if you say its a TMS EA traders might be confused...
  • #43,837
  • Nov 13, 2014 10:21pm Nov 13, 2014 10:21pm
Quoting heispark
If you find TMS Watchdog popup alert is not convient to you for some reasons, try this log viewer named LogFusion Pro. In this feature-limited free version, realtime update and auto-scroll features are supported. Your log file can be found under /MQL4/Files folder in your MT4. {image}

Is your parameter - RefreshLastBar set to true or false?

make a difference ?
Attached Image (click to enlarge)
Click to Enlarge Name: TMSTDIWatchdog refresh last bar.png Size: 17 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,838
  • Nov 13, 2014 10:24pm Nov 13, 2014 10:24pm
Quoting griffinssoul
{quote} Hi nods80, thanks for showing that I didn't know about it? So, it gives you a summary of the pairs you select? Has it been useful. Thanks! Great trading by the way! EDT: nods80, just for the record, this is a 'EA monitor' for TMS: if you say its a TMS EA traders might be confused...

I use that TMS Monitor for those currency pairs I trade.
Just don't put too many pairs into one chart with the EA.
If you have many pairs, just split them onto different chart and run that EA for a different group of currency pairs.
Also use different chart with EA running for different timeframe.
But see how all these will load your CPU till it crashes...LOL.

Good thing is this TMS Monitor EA is free and works good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,839
  • Nov 13, 2014 10:32pm Nov 13, 2014 10:32pm
Quoting emmanuel7788
EURAUD and EURNZD technical 'bounce'. yesterday, ...This will be a part of your winning edge. Today is GDP for the two big econmies - France and Germany. Be prepared for bigger moves today on H1. D chart traders, you still have big bear on your side. regards,
Many thanks emmanuel7788. I am in EAud at the moment up 33pips. I really like this because, as you say, there was strong W support, and it was moving with the W trend. I changed gears from 1H to 4H, as both looked good (snarlyjack's trick).

By the way, just looking at your previous chart, are those HA candles? Thanks!

EDT: this is interesting now as the 1H is encountering some resistance while the 4H is looking good... maybe a good time to take a partial?
  • #43,840
  • Nov 13, 2014 10:36pm Nov 13, 2014 10:36pm
Quoting emmanuel7788
{quote} I use that TMS Monitor for those currency pairs I trade. Just don't put too many pairs into one chart with the EA. If you have many pairs, just split them onto different chart and run that EA for a different group of currency pairs. Also use different chart with EA running for different timeframe. But see how all these will load your CPU till it crashes...LOL. Good thing is this TMS Monitor EA is free and works good.
Thanks emmanuel7788, this can make life a bit easier!
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