Trading Made Simple | Page 2237 | 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

  • #44,721
  • Nov 24, 2014 12:04pm Nov 24, 2014 12:04pm
Quoting Sesamstrasse
{quote} Took the same and try also to transfer it to D1 .( demo ) I can imagine AU makes a new lower low and takes some retail stops . Guido {image}

funny thing, because of your post, i realized i have tp line on my AU. i'm gonna go fix it..

Daniel
Daniel
  • #44,722
  • Nov 24, 2014 12:15pm Nov 24, 2014 12:15pm
Quoting WDays
Finally. Just as I came back from my shower, too {image}
Nice trade WDays!

I entered late after a break above previous resistance (aqua line) and following the positive Euro news.

I couldn't monitor the trade so set a 50 pip TP, which happened to fall nicely below the 200EMA.

I'd need to spend some time back-testing trailing stops. Lately I've been leaving lots on the table and today was no different.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB
Focus on the process and the profits will follow
  • #44,723
  • Nov 24, 2014 12:51pm Nov 24, 2014 12:51pm
Hey Guy's,

I just wanted to say that's some pretty good trading!

Congrat's your doing great!

sj
  • #44,724
  • Nov 24, 2014 1:15pm Nov 24, 2014 1:15pm
Quoting erelation
{quote} Look okay on 4hr chart... but TSI flat at 1hr chart.... decided to close at small loss... -2.7pip {image} {image}
was looking through the posts i missed and this comes to mind because i did this quite often some times ago.
On 4h tf, this is a good entry as it's still is running south at the moment. but erelation closed it early before it has the chance to "mature"
i believe someone else in later post says something about how on lower TF you get more jerks.
so a few way to deal with this are

1. stick with 1 TF, stop re-analyzing your entry with diff TF again and again, you will turn your trade into a loser.
2. if you are using 1hTF, few way to know when to get out is when a. APB changes colour or b. you know a red news is coming out soon (sometimes to your advantage, other times it will kill your trade easily) or c. when it starts ranging (APB touches MA and stays around the same level) (usually when this happens apb body is already small and it may changes colour soon. basically ranging).
3. stick with high TF

just my 2c


Daniel
Daniel
  • #44,725
  • Nov 24, 2014 1:22pm Nov 24, 2014 1:22pm
Quoting chiche
{quote} hey wDays, can you tell me were can I get the TDI-MTF and how it work? Look like is a nice indi w/ tdi together.
You can get it in this thread, under the paperclip, search for Lastingwell's attachments, she uploaded it a bunch of times

It works just like your normal TDI, except shows data for the higher timeframe. We use it to filter out bad trades, in that we will never go against the higher timeframe TDI
  • #44,726
  • Nov 24, 2014 1:23pm Nov 24, 2014 1:23pm
Quoting Ballistical
{quote} Nice trade WDays! I entered late after a break above previous resistance (aqua line) and following the positive Euro news. I couldn't monitor the trade so set a 50 pip TP, which happened to fall nicely below the 200EMA. I'd need to spend some time back-testing trailing stops. Lately I've been leaving lots on the table and today was no different. {image}
Nice trade yourself that's the reason I let mine running so long, being tired of leaving so much on the table. At one point I started trailing below the previous candle's low, it seemed to work wonders for this trade. Hope that helps
  • #44,727
  • Nov 24, 2014 1:34pm Nov 24, 2014 1:34pm
Going to test on demo this week using 6hr time frame. My candles will open/close at 11:00 AM, 5:00 PM and 11:00 PM (EST), giving me 3 opportunities each day to open/close/monitor trades. Backtesting looks pretty good but i do notice some of the big moves begin at 5:00 AM which i will miss. Anyone have any experience using this time frame ?
  • #44,728
  • Nov 24, 2014 2:18pm Nov 24, 2014 2:18pm
Finally....! +77 eur/cad
Attached Image (click to enlarge)
Click to Enlarge Name: 039.PNG Size: 30 KB
  • #44,729
  • Nov 24, 2014 3:13pm Nov 24, 2014 3:13pm
Quoting sknight1
Finally....! +77 eur/cad {image}
Well done! Told you you should trust your own analysis
  • #44,730
  • Nov 24, 2014 3:19pm Nov 24, 2014 3:19pm
Quoting WDays
{quote} Well done! Told you you should trust your own analysis

Muh-wah....! *smooch*
  • #44,731
  • Nov 24, 2014 4:31pm Nov 24, 2014 4:31pm
Quoting sknight1
{quote} Muh-wah....! *smooch*
Will you wait for your 100 or close around this supply area?
  • #44,732
  • Nov 24, 2014 4:39pm Nov 24, 2014 4:39pm
Quoting lorbax
{quote} Sorry, completely missed this post. here below you can find my modified version of the pipsmeter, this have two new tweaks: 1) when you have no trade open it will show ' -- ' , and not 0.0 (so you know you're flat and not on BE with some trade) 2) you can select colors for gain/losing pips (e.g red for losing, green for winning ...) hope it's helpful to anyone... {file}
Good day,
Are you able to change the colour of the TMS 10 EMA DASHBOARD arrows to any other colours?
With God all things are possible.
  • #44,733
  • Nov 24, 2014 4:50pm Nov 24, 2014 4:50pm
Quoting sknight1
Finally....! +77 eur/cad {image}

Good Job.. I'm watching this pair and waiting to ride the trend down ..
  • #44,734
  • Nov 24, 2014 5:23pm Nov 24, 2014 5:23pm
Quoting WDays
The last couple of pips take always the longest hit against resistance again, come on NYO do your thing Locked 50 pips, and I have absolutely no problem waiting my last 20 pips out (even though it was 10 at one point). {image}
What's up WD?
You entered on the 5th blue candle??? That was a "Don't enter"
  • #44,735
  • Nov 24, 2014 5:31pm Nov 24, 2014 5:31pm
Quoting Dehyah
{quote} Good day, Are you able to change the colour of the TMS 10 EMA DASHBOARD arrows to any other colours?
what is such indicator ?
I only know the TMS basket indicator, which you can find here below, you can change all colors...

Although can be useful to someone, I find these indis very misleading, TMS is much easier than this, you don't need indicators, you can't have shortcut in your learning-curve path, you only need to pay attention to 4-6 pairs at the beginning, daily and h4 face to face...

here is my MT4 setup, h4 and dailies ... i have multiple profiles for different set of pairs, but I generally only trade on these 6, just my comfort zone.
Attached Image (click to enlarge)
Click to Enlarge Name: setup.PNG Size: 198 KB


Hope this can be useful btw, let me know if it's what you were looking for.
cheers
Attached File(s)
File Type: ex4 TMS Basket.ex4   81 KB | 356 downloads
Lorenzo
  • #44,736
  • Nov 24, 2014 5:33pm Nov 24, 2014 5:33pm
Quoting Kouroushi
{quote} What's up WD? You entered on the 5th blue candle??? That was a "Don't enter"
Hey, I entered at the open of the 6th even

Quoting WDays
Finally. Just as I came back from my shower, too {image}
Large APB prior to Frankfurt, the Frankfurt candle broke above and showed good momentum. I technically entered on the first H4 candle, since I got in with a fresh H4 cross Lastingwell keeps repeating that with MTF, you're technically trading the H4 tf with an entry off the H1.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 36 KB
  • #44,737
  • Nov 24, 2014 5:45pm Nov 24, 2014 5:45pm
Quoting WDays
{quote} Hey, I entered at the open of the 6th even {quote} Large APB prior to Frankfurt, the Frankfurt candle broke above and showed good momentum. I technically entered on the first H4 candle, since I got in with a fresh H4 cross Lastingwell keeps repeating that with MTF, you're technically trading the H4 tf with an entry off the H1. {image}
beautifully done!
I love how LW explains about the MTF-TDI, that's the key of success with TMS guys!!

H1 or H4 signals by themselves are just like ripples in the water of the ocean, then you have waves (h4/daily) and tides (daily/weekly/monthly) ...
WE (and I insist, WE all!) need to do a top-down analysis, check the daily... spot out trades in h4 with possible fine tuning of h1: remember that each h4 bar is made by 4 h1 bars.

If king is cash, patience is queen! .... less trades, but sniper-like ones. Do not forget that you can make a living with 20 pips a day. You really need to avoid overtrading at all costs!

In a well-designed trend, if you enter on the second h4 bar, it's like you're entering on the 5th H1 bar, nothing wrong with it.

Simulator (attached!) is simply beautiful for TMS, you learn a lot, but It only misses one point: you cannot check the HTFs during the simulation, but you can use MTF-TDI which is most of times enough to give you a strong view of the underlying movement.

Keep it up!
Attached File(s)
File Type: zip Sym.zip   28 KB | 501 downloads
Lorenzo
  • #44,738
  • Nov 24, 2014 5:49pm Nov 24, 2014 5:49pm
Thanks Lorenzo, the rule that says dont enter after bar 3 is based on a price action/market structure concept. The idea being that moves tend to exhaust and retrace after some time. ABCD harmonics and such..
  • #44,739
  • Nov 24, 2014 5:54pm Nov 24, 2014 5:54pm
Quoting WDays
Thanks Lorenzo, the rule that says dont enter after bar 3 is based on a price action/market structure concept. The idea being that moves tend to exhaust and retrace after some time. ABCD harmonics and such..
Yes, absolutely.
If you like, it's pretty much like card-counting in Black Jack, but here we count candles, after 3-8 candles, the next one is more likely to change color. it's pretty plain vanilla statistics.

once again, well done!
Lorenzo
  • #44,740
  • Nov 24, 2014 6:01pm Nov 24, 2014 6:01pm
Quoting lorbax
{quote} beautifully done! I love how LW explains about the MTF-TDI, that's the key of success with TMS guys!! H1 or H4 signals by themselves are just like ripples in the water of the ocean, then you have waves (h4/daily) and tides (daily/weekly/monthly) ... WE (and I insist, WE all!) need to do a top-down analysis, check the daily... spot out trades in h4 with possible fine tuning of h1: remember that each h4 bar is made by 4 h1 bars. If king is cash, patience is queen! .... less trades, but sniper-like ones. Do not forget that you can...

Lorbax,

I would say your dialed in!

Congrat's on what you wrote...

sj
130 traders viewing now, 1 is registered:
qweasd0555tw