Trading Made Simple | Page 2307 | 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

  • #46,121
  • Dec 9, 2014 7:56am Dec 9, 2014 7:56am
Quoting likica
I don't normally pay attentions to UCHF pair, just wanted to try to see how it reacted from the guppy where TDI did not have very good angle but it did make me smile...many thanks to SJ {image}
Hi likica, did you enter this trade when that hour candle opened or wait for it to break your yellow support line?

Thanks

Ray
  • #46,122
  • Dec 9, 2014 7:59am Dec 9, 2014 7:59am
Quoting likica
{quote} your GA short is beautiful Vla, mine was only half of your PT.
Well you took 90 of the GN, so you're still ahead
Not that this was any kind of contest.

Like how you integrated the guppy's in your trading.
  • #46,123
  • Dec 9, 2014 8:04am Dec 9, 2014 8:04am
Quoting Vladbold
{quote} Hi, G/a and E/a, and E/j and G/j for me. Just these 4. Congrats Likica!
Thank you!!!
I'm going to watch tomorrow!
New York-opening look at something?
Sorry my english
Thx
Find it The Best Entry Points
  • #46,124
  • Dec 9, 2014 8:16am Dec 9, 2014 8:16am
Quoting fxray
{quote} Hi likica, did you enter this trade when that hour candle opened or wait for it to break your yellow support line? Thanks Ray
Hi Fxray, it looked like I waited to break that yellow line, but in fact I waited for 2nd candle to complete the cross then waited a bit more to see TDI angle to kinda open door a bit wider for me to enter. Hope it makes sense...
Appreciation is the key to wealth and happiness
  • #46,125
  • Dec 9, 2014 8:20am Dec 9, 2014 8:20am
Quoting likica
{quote} Hi Fxray, it looked like I waited to break that yellow line, but in fact I waited for 2nd candle to complete the cross then waited a bit more to see TDI angle to kinda open door a bit wider for me to enter. Hope it makes sense...
I see likica, many thanks
  • #46,126
  • Dec 9, 2014 8:47am Dec 9, 2014 8:47am
Quoting snarlyjack
{quote} Landline, Welcome to Tms and nice meeting you! The basic Tms is pretty straightforward & so is this. The difference is Eelfranz did not use the trend or levels in his calculation's. We use the long term guppy's as the trend and the pac as our value point. The pac will show the value point. If price is in the pac that is a exit signal. Once price moves out of the pac we can take our trade. It is used for short term trend. The guppy's are more of a medium term trend. Are you making trend trades or counter trend trades. The guppy's are excellent...
Hi SJ,

Thank you very much for your comprehensive reply, that was much appreciated and I'll take your advice on board and study the points you made with a view to incorporating it into my trading.

Regarding trend direction, I dont pay that much attention to a so called trend tbh, mainly because I know that intraday price can quite easily move in the opposite direction to the main underlying weekly or even the daily trend for example.

I have attached a 4hr EU chart which to some degree illustrates that point in as much that whilst the Daily and Weekly are in a down trend, opportunities to go long still exist in the 4hr and lower t/fs.

Incidentally, I wonder whether you could also give your considered opinion on the chart below in the areas that I've highlighted. For clarity, I have removed the PAC and Guppies, leaving just a price line (white) and a Gann Hi Lo line (black).

Prior to your explanation on PAC and Guppy, I have found success when both lines cross and candle colour changes and the TDI has also crossed.

I have traded small lots recently across various pairs and t/fs using this slightly modified method...it doesnt seem to lose...surely it can't be that easy....can it!?

I would love to hear your valued comments before I use this in earnest whilst I'm further studying the PAC and Guppy aspects.

Cheers - LL

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 30 KB
  • #46,127
  • Dec 9, 2014 8:54am Dec 9, 2014 8:54am
Gold _ M15 _ long trade based on EMA 10 and TMS , after initial strong move, I'd rather wait PA to come back to EMA 10 and trade accordingly, this cant be done if you have no experience with this EMA

I posted M15 chart because if I post H1, my trade would look like a piece of the cake
Attached Image (click to enlarge)
Click to Enlarge Name: Gold_M15.jpg Size: 299 KB
I Have Learned to Take Some Losses to Make Profits
  • #46,128
  • Dec 9, 2014 9:02am Dec 9, 2014 9:02am
Quoting likica
I don't normally pay attentions to UCHF pair, just wanted to try to see how it reacted from the guppy where TDI did not have very good angle but it did make me smile...many thanks to SJ {image}




Great trade. Do you have a system for when to check you charts for set ups? You seem to be on the money for your entries.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,129
  • Dec 9, 2014 9:05am Dec 9, 2014 9:05am
My friends, what do you think about this one?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
  • #46,130
  • Dec 9, 2014 9:07am Dec 9, 2014 9:07am
Quoting snarlyjack
Let's look at the eur/usd. What I would like to see is the 4 hour apb's start rolling over so I can take a short trade. When I look at this chart, I would be looking to the short side. I'll watch this set-up. It not ready yet. But I'm a patient trader and when it roll's over I'll short it sj {image} {image}
Dear SJ,
I was trying to study Guppy through your posts and outside info as well.
Guppy, as a system is supposed to have two sets of MA's ..
But your chart has only one set of MA's ...
Did you do any modifications or ???
Thanks,
AK
  • #46,131
  • Dec 9, 2014 9:10am Dec 9, 2014 9:10am
I was looking for the setups on daily charts this morning (AEST) and spotted GA weekly setup.

GA Weekly Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 091214 Buy Trade weekly.png Size: 273 KB


GA Weekly PT and SL
Attached Image (click to enlarge)
Click to Enlarge Name: 091214 GA weekly Profit hit plus BE.png Size: 288 KB


The trade went like this
1. I usually enter 2 trades (Buy or Sell) both same size when the right setup develops.
2. 1st Profit target is set to nearest support/resistance (always look left)
3. SL can be set equal to 1st TP or final TP (if you know your final TP before taking the trade)
4. If you are monitoring the trade, as soon as your 1st TP got hit move your SL to BE plus spread

I learnt this money management tip from Timon Weller and currently applying it to my trading plan.

Kindest regards
  • #46,132
  • Dec 9, 2014 9:15am Dec 9, 2014 9:15am
Quoting RedPhoenix
{quote} Thx A nice audio book for all: https://www.youtube.com/watch?v=FSVgA_zKiQA
RedPhoenix,

I enjoyed your video!
Thank you so much for sharing it...
sj
  • #46,133
  • Dec 9, 2014 9:26am Dec 9, 2014 9:26am
usdjpy Trailing stop hit for 68 green
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.PNG Size: 41 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,134
  • Dec 9, 2014 9:31am Dec 9, 2014 9:31am
Quoting Landline
{quote} Hi SJ, Thank you very much for your comprehensive reply, that was much appreciated and I'll take your advice on board and study the points you made with a view to incorporating it into my trading. Regarding trend direction, I dont pay that much attention to a so called trend tbh, mainly because I know that intraday price can quite easily move in the opposite direction to the main underlying weekly or even the daily trend for example. I have attached a 4hr EU chart which to some degree illustrates that point in as much that whilst the Daily...
Landline,

That is exactly how Eelfranz traded. He would take every tdi cross on the 4 hour
chart regardless of trend or levels. He would say the tdi is king. He did not check
the daily chart for trend. And yes, he was pretty successful trading it.

The Dots method (system I'm trading) has more checks & balances. So when I take
a trade I'm more confident in it. If I have to I'll set the trade & forget it until it hits
my levels.

Think of it this way...you have a bare chart & your trading with the stochastic indicator.
You take every cross of the stochastic. The good, the bad, the ugly. The Dots system is
a tighter system that also looks at the trend & levels which I think are very important.

It's just a bit different way to trade but very similar. I hope I answered your question?
We are here to help you!

sj
  • #46,135
  • Dec 9, 2014 9:37am Dec 9, 2014 9:37am
Quoting snarlyjack
{quote} Landline, That is exactly how Eelfranz traded. He would take every tdi cross on the 4 hour chart regardless of trend or levels. He would say the tdi is king. He did not check the daily chart for trend. And yes, he was pretty successful trading it. The Dots method (system I'm trading) has more checks & balances. So when I take a trade I'm more confident in it. If I have to I'll set the trade & forget it until it hits my levels. Think of it this way...you have a bare chart & your trading with the stochastic indicator. You take every cross...
Hey SJ. Just thought I would say thanks for introducing me to the guppy ma's last week anf for the vids you posted. They helping alot. Still on the learning curve though.

Do you use the Dean Malone's D.O.T.S indicator? Is as useful as his videos imply. I'm thinking of buying it.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,136
  • Dec 9, 2014 9:43am Dec 9, 2014 9:43am
Quoting adikashyap
{quote} Dear SJ, I was trying to study Guppy through your posts and outside info as well. Guppy, as a system is supposed to have two sets of MA's .. But your chart has only one set of MA's ... Did you do any modifications or ??? Thanks, AK
Adikashyap,

Nice meeting you!

You are correct the guppy system has two sets of Ma's.
The short term traders & the long term investors.
I trade using the pac (price action channel). Imho the
pac shows me more information than the short term guppy's.
The pac gives you entry/exit signals & value points.
The short term guppy's will not show you entry/exit or value
points.

If you put the pac on your chart along with the short term guppy's
you will see they are almost exactly the same. But displayed
differently. The pac shows both short term traders with
exit/entry signals, along with the value area.

The value area is when price is inside the pac. Price will not
stay in the value area very long, it will breakout to the long
or short side fairly quickly. You can't see that with the short
term guppy's.

I hope I answered your question.

sj
  • #46,137
  • Dec 9, 2014 9:47am Dec 9, 2014 9:47am
Had one of those days...

Took an early entry once LO candle moved down, on the basis that FO had formed a pin bar like yesterday and the TDI had already crossed.

Price came within 3 pips of my 50 pip TP following LO. Got stopped out at BE on the retracement only for price to blow straight through my original 50 pip TP (marked by the aqua line on my chart)

Still happy with my method and discipline though. No more trades for me until LO tomorrow.

Nice trades from everyone else including some big winners from Likica and Vladbold!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
Focus on the process and the profits will follow
  • #46,138
  • Dec 9, 2014 9:50am Dec 9, 2014 9:50am
Quoting nods80
{quote} Hey SJ. Just thought I would say thanks for introducing me to the guppy ma's last week anf for the vids you posted. They helping alot. Still on the learning curve though. Do you use the Dean Malone's D.O.T.S indicator? Is as useful as his videos imply. I'm thinking of buying it.
Nods,

Your welcome!

I think the guppy's are excellent.

To save yourself some money, Their is no need to purchase their system.
You basically have the system! What I would do, is get very good
at trading the this system. Remember that the system is only 30%
of your success. The other 70% is your trading psychology, money
management and fine tuning what you are doing! Practice, practice, practice...

I would watch the Dots video's at Compass Fx... to get really dialed in.

sj
  • #46,139
  • Dec 9, 2014 9:50am Dec 9, 2014 9:50am
Quoting Ballistical
Had one of those days... Took an early entry once LO candle moved down, on the basis that FO had formed a pin bar like yesterday and the TDI had already crossed. Price came within 3 pips of my 50 pip TP following LO. Got stopped out at BE on the retracement only for price to blow straight through my original 50 pip TP (marked by the aqua line on my chart) Still happy with my method and discipline though. No more trades for me until LO tomorrow. Nice trades from everyone else including some big winners from Likica and Vladbold! ...
Exactly the same thing happened to me in EURNZD. So annoying. Could 50+ if had an extra 15 to my sl.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,140
  • Dec 9, 2014 9:53am Dec 9, 2014 9:53am
Quoting snarlyjack
{quote} Landline, That is exactly how Eelfranz traded. He would take every tdi cross on the 4 hour chart regardless of trend or levels. He would say the tdi is king. He did not check the daily chart for trend. And yes, he was pretty successful trading it. The Dots method (system I'm trading) has more checks & balances. So when I take a trade I'm more confident in it. If I have to I'll set the trade & forget it until it hits my levels. Think of it this way...you have a bare chart & your trading with the stochastic indicator. You take every cross...
Thanks SJ

I'm not familiar with the Dots method, so I can't comment on that.

I use AutoFib Trade Zones (the red and grey zones on the chart) and these act as my ob and os or s&r areas and where a reversal is most likely to occur if indeed it does.

Anyway, for now, I shall be using the cross system of the Price and Gann Lines (with candle colur change) and the TDI cross to confirm, in the knowledge that the best moves are likely to occur at the zones. Maybe the PAC and Guppies will help me once I get a proper handle on how they react as you have advised.

Many thanks for taking the time to reply btw...I appreciate that

Cheers LL
230 traders viewing now