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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

  • #45,161
  • Nov 27, 2014 7:12am Nov 27, 2014 7:12am
Quoting Bizzzle
As its Thanksgiving today in the US, my TP was a lot smaller just a scalp for 20 pips! Happy Thanksgiving everyone {image}
Happy Thanksgiving Bizzzle... LOL!!! Green is green
  • #45,162
  • Nov 27, 2014 7:33am Nov 27, 2014 7:33am
Quoting Fd7999
Hey, just getting used to all this. Any thoughts or feedback on this short? SL @ swing high {image}
9/10, would take it
  • #45,163
  • Nov 27, 2014 7:52am Nov 27, 2014 7:52am
Missed LO opportunities. Was not sure if there'll be much movement as US on holiday. GU looks promising though. Price retrace to previous BO and closed as a pinbar. Red candle down and TDI made a bounce (or sorts). HTF TDI still down. Not the best entry but SL is only about 25 pips away. Let's see if ABCD forms.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB


GJ was showing a bounce as well but not as clear. Spread higher on GJ so decided to opt for GU, despite US being closed.
  • #45,164
  • Nov 27, 2014 8:13am Nov 27, 2014 8:13am
Quoting twellve
Thanks SKnight1 and SJ Downloaded it and now have lots of templates - do I combine them somehow as now my screen looks grey doh! Attached just incase you all forgot what a grey graph looks like lol {image} {image}
where are you take this files? thk
  • #45,165
  • Nov 27, 2014 8:25am Nov 27, 2014 8:25am
Quoting mact4
Missed LO opportunities. Was not sure if there'll be much movement as US on holiday. GU looks promising though. Price retrace to previous BO and closed as a pinbar. Red candle down and TDI made a bounce (or sorts). HTF TDI still down. Not the best entry but SL is only about 25 pips away. Let's see if ABCD forms. {image} GJ was showing a bounce as well but not as clear. Spread higher on GJ so decided to opt for GU, despite US being closed.
How can you have a clear view with all these lines ?Guido
Risiko birgt immer auch die Chance.
  • #45,166
  • Nov 27, 2014 8:29am Nov 27, 2014 8:29am
Quoting Sesamstrasse
{quote} How can you have a clear view with all these lines ?Guido
Still working on a cleaner chart!

However, these lines are clear to me as they are part of my analysing process - looking for confluence. My apologies. I should have deleted them before posting.
  • #45,167
  • Nov 27, 2014 8:52am Nov 27, 2014 8:52am
Quoting Fd7999
Hey, just getting used to all this. Any thoughts or feedback on this short? SL @ swing high {image}
Hi,

on your H4 chart posted, you see Weekly and Daily price action and the market structure what some members in this thread wrote about.
Unless you ar scalping the h4 TDI cross the way eelfranz described in his post31, doing Multiple Time Frame analysis will tell you there is conflict between the Weekly and Daily timeframes.
IMHO that is a low probability trade.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #45,168
  • Nov 27, 2014 9:05am Nov 27, 2014 9:05am
Quoting Fd7999
Hey SnarlyJack (or anyone else who may be able to help) I have been setting my up charts as per your 45,066 post but cant find the Lastingwell's, s/d mod. indicator. I have had a look in the "paperclip" but to no avail. Thanks. Having tried a few methods/systems/live rooms and signal services I must say this thread is a breath of fresh air. Thanks all

You want to use that II_SupDem indicator, you should read and learn what the creator name bredin programmed that MT4 version of that indicator.
here is the link:
http://insanityindustries.net/viewtopic.php?t=10
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #45,169
  • Nov 27, 2014 9:09am Nov 27, 2014 9:09am
Quoting AcerPhoon
Anyone know how I can see the pips I made with the trade? If I use the crosshair the 2nd number is always like 900 or something. Do I need to divide it by ten?
Acer,

I think this depends on your broker. I have to divide my middle crosshair figure by 10 to give the distance in pips.

Either that or you genuinely just made 900 pips...
Focus on the process and the profits will follow
  • #45,170
  • Nov 27, 2014 9:15am Nov 27, 2014 9:15am
Quoting AcerPhoon
Anyone know how I can see the pips I made with the trade? If I use the crosshair the 2nd number is always like 900 or something. Do I need to divide it by ten?
AcerPhoon, use this indicator. This will show you your real time pips gain or loss and total pips gained or lost after the trade is closed.

Attached File(s)
File Type: ex4 pipsometer_5_decimal.ex4   13 KB | 510 downloads

Attached File(s)
File Type: mq4 pipsometer_5_decimal.mq4   5 KB | 491 downloads


Kindest Regards
  • #45,171
  • Nov 27, 2014 9:26am Nov 27, 2014 9:26am
Quoting AcerPhoon
Anyone know how I can see the pips I made with the trade? If I use the crosshair the 2nd number is always like 900 or something. Do I need to divide it by ten?
Hi,
Yes, for 5-digits and 3-digits farctional pips charts, you didvied by ten to show the actuak number of pips.
You shoud also know that different currency pairs have different $value per pip.
making 20 pips in EURUSD mean you earn $200 for standard lot.
but, 20 pips in EURGBP make you more than $200.

use this indicator on a blank chart to show your closed trades profit & loss.

regards,
Attached File(s)
File Type: ex4 iHistory v1.8.ex4   37 KB | 601 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #45,172
  • Nov 27, 2014 9:36am Nov 27, 2014 9:36am
thanks all for your help!
  • #45,173
  • Nov 27, 2014 9:51am Nov 27, 2014 9:51am
Quoting emmanuel7788
{quote} You want to use that II_SupDem indicator, you should read and learn what the creator name bredin programmed that MT4 version of that indicator. here is the link: http://insanityindustries.net/viewtopic.php?t=10

Hi Emmanuel,

regarding the EURCAD short and multiple timeframe analysis, sometimes I've difficulties pointing the right trend in each timeframe. You mentioned there 's conflict between Weekly and Daily trend. I'd like to compare what I see with what you focus: In Weekly I see a descendent trend after March 2014 even if PA is over EMA200, and in Daily I see a descendent trend and PA is downafter EMA200 so definetly a descentent trend. In my opinion both Daily and Weekly are descendent. Please could you explain which trend do you focus?

For a high probability and long term trade should I short in H4 only when trend is descendent both in Daily and Weekly timeframe?

Thanks a lot for your precious advises
  • #45,174
  • Nov 27, 2014 9:53am Nov 27, 2014 9:53am
I didn't found the Daily Setup on EN daily as I was expecting in post #45,022 but I did found GN daily (trade taken on H4).

Pre-Entry explanation Daily GN
Attached Image (click to enlarge)
Click to Enlarge Name: 271114 Sell daily entry.png Size: 298 KB


H4 Entry explanation
Attached Image (click to enlarge)
Click to Enlarge Name: 271114 sell trade h4.png Size: 336 KB


Result GN H4
Attached Image (click to enlarge)
Click to Enlarge Name: GN H4 Take profit hit and BE.png Size: 298 KB


Kindest Regards
  • #45,175
  • Nov 27, 2014 10:04am Nov 27, 2014 10:04am
Quoting emmanuel7788
{quote} Hi, on your H4 chart posted, you see Weekly and Daily price action and the market structure what some members in this thread wrote about. Unless you ar scalping the h4 TDI cross the way eelfranz described in his post31, doing Multiple Time Frame analysis will tell you there is conflict between the Weekly and Daily timeframes. IMHO that is a low probability trade. regards,

Thanks for the reply Emmanuel, As you can see the price exploded through my stop. Looking at the multiple time frames (Daily and weekly) its currently in a down trend so whats showing you the conflict? The yesterdays bullish candle on the Daily? TDI on Daily pointing up now but it was flat....
  • #45,176
  • Nov 27, 2014 10:20am Nov 27, 2014 10:20am
Good morning Tms,

Tms is a excellent system & were getting pretty good at trading it

But their is more...the mental side of trading. Trading can be a huge
"black hole" of emotions that you need to be aware of.

Let me give you some examples of emotional trading & trading mistakes.

Fear
Greed
Hope
Regret
Not understanding risk/reward
Not understanding position sizing
Are you a trader or a gambler
Allowing your emotions to cloud your judgement
Giving in to your emotions
Not having patience
Over trading & being to involved in the trade
Not taking your profits when you should
Forex trading can be very addictive

The best way to deal with all these issue's is to be very aware of them.
And knowing your mental state before you start trading. Are you angry?
Did you just break up with your s/o? Do you feel pressured to make lot's
of money? The list can go on and on and on...

I would suggest that everyone look at these issue's & think about them.
Believe me you will run into these on your trading journey and it will
help a great deal if you are aware of these potential "black holes".

I hope this small list helps you become a better more aware trader!

sj
  • #45,177
  • Nov 27, 2014 10:28am Nov 27, 2014 10:28am
Quoting Britpip7
{quote} Hi Snarly - nice to see you posting on the thread - I've been quiet lately - doing lots of work on day trading plan - mostly based on the TMS principles, and showing some really nice results - live testing for a few months now, so fingers crossed on results i have a trading buddy who is writing some code for an EA, so we will see where that takes us - I still feel the "human factor" is an important aspect of trading as Big E always said - The best EA is between your ears
Hello Britpip,

Thank you for your kind words! I'm glad your doing great!
Isn't retirement fun...anyway once you catch the trading bug
it never leaves you and I still find it fascinating after all this time.

Thanks for popping in

sj
  • #45,178
  • Nov 27, 2014 10:34am Nov 27, 2014 10:34am
Hi, As I think that the eelFranz system is nothing but Heikin-Ashi confirmed by Traders Dynamic Index and has little bearing on EMA, I'm wondering if there is anyone who made his logic a fully automated and proved it to be literally a 500-pip a week system. In my opinion, it's possible as long as it's furnished with another logic to discern the sideways markets, although this is required for any trend-following system to be successful.
  • #45,179
  • Nov 27, 2014 10:38am Nov 27, 2014 10:38am
Quoting mact4
{quote} Still working on a cleaner chart! However, these lines are clear to me as they are part of my analysing process - looking for confluence. My apologies. I should have deleted them before posting.
ah nono , donīt get me wrong, all fine .. as long as you like it .. I just ask..
I just canīt imagine to have the stuff in my charts .. looks like the strip by night in Vegas ^^
Guido
Risiko birgt immer auch die Chance.
  • #45,180
  • Nov 27, 2014 10:41am Nov 27, 2014 10:41am
Quoting poyais
Hi, As I think that the eelFranz system is nothing but Heikin-Ashi confirmed by Traders Dynamic Index and has little bearing on EMA, I'm wondering if there is anyone who made his logic a fully automated and proved it to be literally a 500-pip a week system. In my opinion, it's possible as long as it's furnished with another logic to discern the sideways markets, although this is required for any trend-following system to be successful.
fully automated working system hahahhha , thank you man .. you made my day !!
Guido
Risiko birgt immer auch die Chance.
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