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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

  • #44,001
  • Nov 16, 2014 5:12pm Nov 16, 2014 5:12pm
Quoting snarlyjack
Ababias, I love the daily chart and traded the daily for a long time. If you can't monitor the 4 hour chart due to work, the daily works the same way. Trade it just like the 4 hour chart. Let's redefine the pac (price action channel). In my mind the pac, means value area. Price goes away from value, then back to value (my definition). Price is always trading around value. When price is far away from value look for a retrace. Imho, price is going to go back to value then back down (we will see). So I would be looking to short after a retrace back...

Thanks for the suggestion and your knowledge sharing. I will keep an eye on what you said.

Regards,
AB
  • #44,002
  • Edited 6:34pm Nov 16, 2014 5:44pm | Edited 6:34pm
Quoting emmanuel7788
{quote} Hi Greenb, Pls see my comments made onto your chart. Please note how eelfranz would count the APB canldes after the TDIcross and APb change colour. But when I see small Doji candles, I will ignore them in the candle count. Dojis are useless because their Open and Close are very close to each other. But when the Doji' High and Low are much bigger than the prvious candles, you need to pay attention to them and that depends on which TDI version you use. This is one of the "little secrets of the TDI". {image} regards,
Thx Emmanuel, for the help on the TDI bounce. it helps me to understand a bit more on re-entering the market on a strong trend.
1 question though. when you mention eelfranz count the APB candles after TDI cross does that mean if APB changes colour before the cross, i am to disregard it and only begin counting after the TDI have officially crossed?
Daniel
  • #44,003
  • Nov 16, 2014 6:30pm Nov 16, 2014 6:30pm
Quoting lorbax
hi folks, hope you're having a good sunday with family and friends.. I was doing a bit of simulator testing on GBPAUD H4, and I would like to share some insight, showing you good and bad entry points following TMS rules... {image} - Magenta Vertical lines: are bad entries that led to stoploss, they often went positive some pips, but didn't have enough right power. - Green Vertical lines: good entries, they went powerfully to the right direction and brought profits, often scaled-out orders. - White 'X' : are marked where TDI crossed sharply, and...

Hi Lorbax, if i may, i have a few questions/observations from your chart.

1. On that trade #3, what makes you not want to take long after the 1st blue APB and TDI cross just before the good short trade? specially when the 1st blue APB is so much bigger compared to the candles before it. (its the blue candle in the blue box)

2.after missing the short trade, there are 2 bounce opportunities that you missed (observation). any reason why your not taking it?

3.same thing with bounce after trade #4

4. Trade #5, i noticed that TDI went flat, i believe that's a signal to exit (observation)

5. entry on trade #8 on the 2nd apb candle is a bit late? (the arrow hinted that you got in at 1.721ish instead of the start?) what was your trail anyway? for my own trade i usually activate trailling after +50 profit and i set it for 30 pips trail. same thing with trade#9 which i believe is a bounce and a reversal pattern. did you get in late as well?

6. what about the TDI cross between trade #9-10 that bullish push for 3 candles, what is your reason for not getting in on it? i'm curious.

7. trade #10, how did you find the courage to get in on candle 4 i have no idea . although technically without using TDI, you can probably see how the price reacts around 1.74 regions and it has been rejected 3 times. so you could have gotten in sooner. on the 2nd red apb.

7c is the nice long bounce just before the sudden bear push ya?

p.s good testing
Daniel
  • #44,004
  • Nov 16, 2014 7:00pm Nov 16, 2014 7:00pm
Quoting MrAussieFX
{quote} Thanks Omonisha Thanks TheScorpS Just trying to give back. I would like to say that the video and image is for new members (including myself) of TMS who struggle to differentiate between the good and bad TDI crosses. So depending on your time frame (H1 and H4) if you stick to the rules of the thread demonstrated in the video you'll be able to turn your losers into winners. The more experienced members of this thread have the ability to spot the TDI crosses in the very early stages and when they include their practice, experience and other...
well said,,,
  • #44,005
  • Nov 16, 2014 7:16pm Nov 16, 2014 7:16pm
Quoting TwistedTrade
{quote} Can someone please tell me how the Market Base Line is calculated?
Hello TwistedTrade,
It's the 34 ma of the 13 period rsi. Red is the 7ma. Green is the 2ma.
Thanks for your help, warmth and straight talking Heather.
  • #44,006
  • Nov 16, 2014 7:18pm Nov 16, 2014 7:18pm
Quoting emmanuel7788
While reading some PMs today, one very good question was on 3-bar PCRF . Therefore, I thought to use that chart asked by the member and reply in this thread which can benefit more TMS traders here. Q1. is about the 3-bar PCRF pattern whch many of us look for and trade. - the 3-bar PCRF is an aggressive reversal entry and must be seen with support and resistance - the 3-bar PCRF is also a continuation entry in an established trend, it show a price pull back and then a break away in the direction of the establiushed trend. Both can be traded whenn...
Thank you Manny,very nice of you to show us again how to trade PCRF.
  • #44,007
  • Nov 16, 2014 8:10pm Nov 16, 2014 8:10pm
I would like to thank everyone for their kind words, appreciation, time and comments.

Below is my take on EA Daily (Weekly is of the same color as daily)

Attached Image (click to enlarge)
Click to Enlarge Name: EA Daily Analysis.png Size: 247 KB


A member asked for the template that I used in the video. It is the same template with synergy APB which can be find in the attachments on top right hand corner of this thread. The only difference is the Guppy's MA, which you don't need and can work with PAC only.

But if you want to use it, It's just a collection of MA's (30,35,40,45,50,60) on the chart and can be installed easily from the MT4 moving average indicator. The settings for all the MA's are as below:
Attached Image (click to enlarge)
Click to Enlarge Name: Guppy's MA.png Size: 145 KB


Feel free to add your suggestions and comments on the EA trade above.

Kindest Regards
  • #44,008
  • Nov 16, 2014 8:17pm Nov 16, 2014 8:17pm
Quoting emmanuel7788
While reading some PMs today, one very good question was on 3-bar PCRF......... {image}

Quoting Kanderpro
{quote} Hello Emmanuel7788. Can you please clear up my confusion. In the image that accompanies the above post you state "To be a valid 3-bar PCRF, Bar 3 must close higher than the High of Bar 1". I can't recall Phx62 (who defined a PCRF) saying that. Can you please tell me where I can find it.

Quoting brandy711
{quote} Thank you Manny,very nice of you to show us again how to trade PCRF.
Hello brandy711,
Can you help clear up my confusion? Emmanuel states that "To be a valid 3-bar PCRF, Bar 3 must close higher than the High of Bar 1". Do you know where I can find where Phx62 says that?
Thanks for your help, warmth and straight talking Heather.
  • #44,009
  • Nov 16, 2014 10:23pm Nov 16, 2014 10:23pm
Quoting TheScorpS
{quote} You got my attention with EW , I am studying that concept for some time now, I followed Ramki in general, just concentrating on how he view EW with Fibonacci levels, he makes it looks so simple and that why I like it
Hi TheScorpS, I use EWT to chart the general structure of the pair - very powerful tool. However, I find that actually trading the method is very difficult. The major problem I have with the theory is that it appears deterministic in nature as the structure is pinned downed post PA - in hindsight! I guess you could always trade the fifth wave, right?, but where does that start from the end of wave-4? You really don't know until the market shows you ... lol. However, if you combine it with, say, TMS then it becomes a very powerful combo...
  • #44,010
  • Nov 16, 2014 10:30pm Nov 16, 2014 10:30pm
Quoting TwistedTrade
{quote} Can someone please tell me how the Market Base Line is calculated?
Hi

I have been using Ninja Trader for sometime, I have TDI indicator for NN7 but as well theres no MBL in there, I think its possible to add that to TDI , I dont think there are much traders here that use NN7 with TMS, I was told from a good trader Dee50 that uses NN7 with TMS, he mentioned that all the indicator regarding TMS can be found over https://www.bigmiketrading.com/
I Have Learned to Take Some Losses to Make Profits
  • #44,011
  • Nov 16, 2014 10:36pm Nov 16, 2014 10:36pm
Quoting griffinssoul
{quote} Hi TheScorpS, I use EWT to chart the general structure of the pair - very powerful tool. However, I find that actually trading the method is very difficult. The major problem I have with the theory is that it appears deterministic in nature as the structure is pinned downed post PA - in hindsight! I guess you could always trade the fifth wave, right?, but where does that start from the end of wave-4? You really don't know until the market shows you ... lol. However, if you combine it with, say, TMS then it becomes a very powerful combo......
I agree with that, if you trade TMS, you will only have one result,ie being successful in trading, EW alone is not the way I see trading, its just the thery fascinates my thoughts, so studying that for sometime now, simple approach as well , basically I trade TMS purely, and through in the wave principle if its easy and clear, else just focusing on TMS in general
I Have Learned to Take Some Losses to Make Profits
  • #44,012
  • Nov 17, 2014 12:20am Nov 17, 2014 12:20am
Quoting TheScorpS
{quote} Hi I have been using Ninja Trader for sometime, I have TDI indicator for NN7 but as well theres no MBL in there, I think its possible to add that to TDI , I dont think there are much traders here that use NN7 with TMS, I was told from a good trader Dee50 that uses NN7 with TMS, he mentioned that all the indicator regarding TMS can be found over https://www.bigmiketrading.com/
TheScorpS Thank you as well for your reply.
Twisted Trader
  • #44,013
  • Nov 17, 2014 1:14am Nov 17, 2014 1:14am
PCRF it really a formations that happens a lot and has high probability with TMS, it just takes time to get the hang of this formation, Phx62 states in the PDFs availabe thought TMS that for the formation to be valid, a candle needs to pullback to half of its lenght as to reject resistance or support followed by APB cnages color, and sometimes an aggressive entry is taken even before the APB changes color on the break of previous candle high or low, but that can bel left until one really is able to trade the conservative PCRF formation , so first of all you first need a pullback

Second the pullback come time comes in the third candle of the formation and that also confirm the validity of the formation ie PCRF

It comes with reversal and its as much valid and powerful as a continuation, ie when a trend forms and then APB forms PCRF with the trend thats indication of a continuation in the trend and is very good to take, so the best thing to be done here is to read what Emmanuel post and read in depth Phx62 books about the formation, and its there as many as you can see in the books
I Have Learned to Take Some Losses to Make Profits
  • #44,014
  • Nov 17, 2014 1:24am Nov 17, 2014 1:24am
thankk you lord for the answer, i I try the latest version, and try
  • #44,015
  • Nov 17, 2014 1:41am Nov 17, 2014 1:41am
AU scalp on M5 (short) for +25 green
Attached Image (click to enlarge)
Click to Enlarge Name: AU M5 short Mon 17.11.14 Asia +25.png Size: 83 KB
Appreciation is the key to wealth and happiness
  • #44,016
  • Nov 17, 2014 1:52am Nov 17, 2014 1:52am
Quoting likica
AU scalp on M5 (short) for +25 green {image}
Nice how you have a super discipline in managing those trades when they stay a bit before reaching TP, good start of the week, well done
I Have Learned to Take Some Losses to Make Profits
  • #44,017
  • Nov 17, 2014 1:57am Nov 17, 2014 1:57am
my entry today
Attached Image (click to enlarge)
Click to Enlarge Name: dmi.GIF Size: 29 KB
  • #44,018
  • Nov 17, 2014 2:06am Nov 17, 2014 2:06am
Quoting TheScorpS
{quote} Nice how you have a super discipline in managing those trades when they stay a bit before reaching TP, good start of the week, well done
thanks TSS. It was counter trend trade, the pullback on M5 made me jumping in, not sure how long the bear would last, got out near support.
Appreciation is the key to wealth and happiness
  • #44,019
  • Nov 17, 2014 2:13am Nov 17, 2014 2:13am
Quoting astribale65
my entry today {image}
hi Astri,

I took the same trade, however in opposite direction.

Attached Image
  • #44,020
  • Nov 17, 2014 2:19am Nov 17, 2014 2:19am
Quoting Olafff
{quote} hi Astri, I took the same trade, however in opposite direction. {image}
I like the PA on your chart. hope you manage it well...
Appreciation is the key to wealth and happiness
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