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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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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

  • #47,541
  • Dec 22, 2014 10:37pm Dec 22, 2014 10:37pm
Quoting MrAussieFX
Hi Everyone, Just did my EA (daily) backtesting on simulator and was able to record it (30 mins video without audio but notes on the video for clarification). This video is basically showing our state of mind as trader while trading, the questions that arise when we take a trade, what happens if we continuously monitor our trade rather than let it run and do its thing and look at it after every candle close. 1. What happens when we take a trade in support/resistance area 2. Are we just looking at the PA and not following the TDI confirmation 3....

I've just finished watching your video. very nice 2 trades even though the 1st trades took quite a few "days" to developed. One thing i noticed is that you took quite a while before setting your SL, in reality i assume you monitor your trade and change SL much sooner and keep it updated ya? because it was quite a shame not to cash in on any profit of the 2nd trade. it was up to 700 pips at one point in 3 days.

Good work,

Greenb
Daniel
  • #47,542
  • Dec 22, 2014 10:43pm Dec 22, 2014 10:43pm
Quoting erelation
Wake up this morning... GBPUSD close +40pips USDCAD close BE. {quote}
Congrats erelation!!!
  • #47,543
  • Dec 22, 2014 10:46pm Dec 22, 2014 10:46pm
Quoting dennis4u15
Thanks for the input@ Likica, Sj and Emmanuel. Im currently in the USD/JPY buy trade...entry was at LO on 30 minutes time frame...trigger candle was quite big and with good TDI cross...1hr TDI was also pointing upwards...I went to bed after placing the trade...didn't check at US open or close...its now Tokyo session so might close with a 30 pip profit...any input guys. Regards Dennis {image}
Well done dennis4u15, under tough conditions, congrats
  • #47,544
  • Dec 22, 2014 10:59pm Dec 22, 2014 10:59pm
Quoting Greenb
{quote} I've just finished watching your video. very nice 2 trades even though the 1st trades took quite a few "days" to developed. One thing i noticed is that you took quite a while before setting your SL, in reality i assume you monitor your trade and change SL much sooner and keep it updated ya? because it was quite a shame not to cash in on any profit of the 2nd trade. it was up to 700 pips at one point in 3 days. Good work, Greenb
Hi Greenb,

thanks for ur time and comment. Yeah, It is a forex tester and camtasia recording software running on my computer at the same time that delay in the moment of SL or TP during testing as it seems my computer processor can't take the load of these both applications running simultaneously.

Yes, I moved my SL late for the 1st trade as the candles were very tiny and actually wanted to get my SL hit rather than exiting the trade manually. Something I've been observing for quite some time as soon as you move your SL too close or get out of trade in such scenarios, the trade start moving in your favour. When Candles are tiny and I've taken a wrong trade, I'd rather let my SL get hit than exiting the trade and regretting.

However, My main reason for testing is to
1. Find the right entries and exits
2. Finding the right TDI crosses
3. Movement of Guppy, PAC and PA with TDI

It's less of how many pips I make in backtesting but more of how much fear and greed I can get out of my system and focus mainly on what my PA and TDI is telling me. Where is the best place to put my SL, where can I set my PT and full profits.

The great and funny thing about backtesting using forex tester is that it can run days and days of data in just minutes time.

Kindest Regards
  • #47,545
  • Dec 22, 2014 11:30pm Dec 22, 2014 11:30pm
Quoting MrAussieFX
{quote} {quote} Shy14, SJ is correct. I wouldn't take such a trade either unless it is clean and showing strong potential. I hope SJ won't mind me editing his chart from the previous post. Shy see the chart for information on what to look for when u miss a trending trade. {image} Kindest Regards
If a picture says 1000 things .... Your picture/s convey 10,000 things ...
Informative ... easy to understand ....
  • #47,546
  • Dec 22, 2014 11:32pm Dec 22, 2014 11:32pm
Thanks Griffinssoul,

Still learning the TMS system.

Regards
Dennis
  • #47,547
  • Dec 22, 2014 11:50pm Dec 22, 2014 11:50pm
Quoting sknight1
{quote} Emmanuel, Did you know that none of the links that BigE provided in that thread work anymore....??? "The natural flow" website must have been shut down.

Hi sknight1,

Yes, I am aware of that. That website is more than 5 year ago. The CSH thread was moved to the Commercial Contect forum for obvious reason and few FF members are interested to go there. I recall some members did find those videos in other website but cannot recall the website name. Those who follow Craig Harris knows his online web presence.

What is more important is to read eelfranz posts which he shared and answered many questions on the 5-Method and also his 21/233 Method up to that time when he moved the 5-Method discussions to this new Trading Made Simple thread so that we only shared and discuss the 5-Method trading.

regards,

Seasons Greetings
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,548
  • Dec 23, 2014 12:11am Dec 23, 2014 12:11am
Quoting dennis4u15
Thanks for the input@ Likica, Sj and Emmanuel. Im currently in the USD/JPY buy trade...entry was at LO on 30 minutes time frame...trigger candle was quite big and with good TDI cross...1hr TDI was also pointing upwards...I went to bed after placing the trade...didn't check at US open or close...its now Tokyo session so might close with a 30 pip profit...any input guys. Regards Dennis {image}

Hi Dennis,

I am not sure if you trade the M30 chart or you chose to time your entry on M30. Anyway that was a profitable trade and based on previous D bullish candles, you chose the correct direction and trade away from the 200EMA and day Open, that is high probability.

Your entry candle was at the end of the huge M30 candle and it is not wise to chase after the price. A better timed entry is the candle before which shows price momentum and breaking above the recent high of the TOK_5H and the H1 TDI PL cross the MBL. Or ypu could have waited for the H4 top close and look for a retracement entry to get a better entry price.

You have two TDI on your chart and they are not of the same RSI period setting and price type. Your M30 chart TF TDI shows a cross above the yellow MBL and that is sufficient to make a trade decision.

regards,

Seasons Greetings
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,549
  • Dec 23, 2014 12:24am Dec 23, 2014 12:24am
EA +30pips 1H(bounce)/4H(bounce) - Ummm... a bounce-bounce trade, my first i think... [all holiday trades in light mode]
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  • #47,550
  • Dec 23, 2014 12:31am Dec 23, 2014 12:31am
Quoting griffinssoul
EA +30pips 1H(bounce)/4H(bounce) - Ummm... a bounce-bounce trade, my first i think... [all holiday trades in light mode] {image}
Very good H1 trade.
But you missed the H4 bounce?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,551
  • Edited 2:28am Dec 23, 2014 12:32am | Edited 2:28am
GA +50pips : 1H(bounce)/4H(cross) : standard setup... Ummm... had reset SL to BE+comm...
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  • #47,552
  • Edited 12:50am Dec 23, 2014 12:35am | Edited 12:50am
Quoting emmanuel7788
{quote} Very good H1 trade. But you missed the H4 bounce?
Thanks emmanuel7788 - yes, you are right of course but i was focusing on the 1H and the 4H was looking great for my TP (did not expect any changes quickly from 4H)? Not expecting a 4H over the holidays, I hope that makes sense?
  • #47,553
  • Dec 23, 2014 12:49am Dec 23, 2014 12:49am
good evening everyone. I am posting this chart for a couple reasons and maybe I can get some feedback....I took this gbp/cad short earlier today, I think my entry was far too aggresive and I actually should have waited per TMS rules for the actual 4 hr crossover, but I also based it on the 4 hr pin a few bars back, a checkmark reversal of tdi and a pullback from resistance on the bar I took the trade on, I thought the R;R was good since I only had 19 pips to the high of the day, it is currently still running with the SL moved to 181.27. winning trade or not, do you think the entry was too aggresive or was it a good read on price action along with some confluence of reasons stated above?
Attached Image (click to enlarge)
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  • #47,554
  • Dec 23, 2014 12:51am Dec 23, 2014 12:51am
Hi Emmanuel,

I am learning to trade the 30 minute time frame...I use the TDI MTF to see if im following the higher TF TDI...that's why I have two TDIs on my chart..Trading away from the 200 MA and open is something I learnt from you plus I wanted to go with the trend..i do want to trade the 4hr TF so that I have more free time as I also have day job and its hard to follow trades as I am in NZ and London and NY market opens quite late for us....I tend to mess up my 4hr trades...please do advice on how to look at 4hr trades as this will be great as I will be able to set and forget trades at London open.


Regards
Dennis
  • #47,555
  • Dec 23, 2014 12:52am Dec 23, 2014 12:52am
Quoting griffinssoul
EA +30pips 1H(bounce)/4H(bounce) - Ummm... a bounce-bounce trade, my first i think... [all holiday trades in light mode] {image}
Nice trade Griffin,

I'm done trading now for this year but have still been monitoring my charts... looks like EA is now breaking out of the tight range formed over the past three days.
Attached Image (click to enlarge)
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Focus on the process and the profits will follow
  • #47,556
  • Dec 23, 2014 12:54am Dec 23, 2014 12:54am
Quoting wyley187
good evening everyone. I am posting this chart for a couple reasons and maybe I can get some feedback....I took this gbp/cad short earlier today, I think my entry was far too aggresive and I actually should have waited per TMS rules for the actual 4 hr crossover, but I also based it on the 4 hr pin a few bars back, a checkmark reversal of tdi and a pullback from resistance on the bar I took the trade on, I thought the R;R was good since I only had 19 pips to the high of the day, it is currently still running with the SL moved to 181.27. winning...
Hi wyley187, ummm... there is no TMS signal short (at that green arrow down?) so its beyond aggressive - its a no signal? I hope i see your chart right?
  • #47,557
  • Dec 23, 2014 12:55am Dec 23, 2014 12:55am
Quoting Ballistical
{quote} Nice trade Griffin, I'm done trading now for this year but have still been monitoring my charts... looks like EA is now breaking out of the tight range formed over the past three days. {image}
Thanks Ballistical! LOL, yep, was watching out for the same thing... looks great on the 1H/4H...
  • #47,558
  • Dec 23, 2014 12:59am Dec 23, 2014 12:59am
Quoting griffinssoul
{quote} Hi wyley187, ummm... there is no TMS signal short (at that green arrow down?) so its beyond aggressive - its a no signal? I hope i see your chart right?
the tdi was just touching the red line when I took the trade,the tdi already hooked down but hadnt crossed yet on the 4 hr my entry is at the yellow line on the bar, not where the green arrow is, But it was way too agressive wasnt it?
  • #47,559
  • Dec 23, 2014 1:03am Dec 23, 2014 1:03am
Quoting wyley187
{quote} the tdi was just touching the red line when I took the trade,the tdi already hooked down but hadnt crossed yet on the 4 hr my entry is at the yellow line on the bar, not where the green arrow is, But it was way too agressive wasnt it?
Oh, i see now, yes its just aggressive - since this is the TF you are trading on so a conservative trade would wait for a proper cross to form by candle close... its still ok but you may get into trouble more often...
  • #47,560
  • Dec 23, 2014 1:04am Dec 23, 2014 1:04am
on a side note, I'm waiting for a retrace to maybe get long eur/aud if I can get some confirmation
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