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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

  • #49,361
  • Jan 10, 2015 7:43am Jan 10, 2015 7:43am
Hi, i would like to trade this system and have setup my charts like eelfranz did, but am missing the TDI indicator

Anyone can tell me where i can download the current one?
  • #49,362
  • Jan 10, 2015 9:12am Jan 10, 2015 9:12am
Quoting emmanuel7788
{quote} Hi mch, Good Trade. CONGRATS! Just one comment, did you notice that the SM ADR Marker low line had moved upwards to the Asian low? When the day open, the ADR High Low lines are placed at equal distance from the 'ADR start'. As the price move during the day, the ADR High Low lines will move. The AUDUSD has a day range average of between 70 and 87 pips, if you measure the pips from the ADR Low level, that will help you extend your profit target above the ADR High. Also You can target the BRN 0.8200. Always protect the downside of your trades,...
Hi Emmanuel,

I have only recently added the SM ADR indicator and wasn't aware that it moved during the day - so many thanks for the tip and will monitor more actively now. I had the BRN of 0.8200 as a target, if there was a strong continuation of the upward PA move, but was also aware of Friday profit taking causing a potential price retreat. Learning more about the R-multiple considerations of each trade and set-up and in this case took the 50 pips - ready with my powder dry for Monday! Thanks
  • #49,363
  • Jan 10, 2015 9:15am Jan 10, 2015 9:15am
Quoting snarlyjack
{quote} Mch, That is excellent. Don't forget the apb color change sj
Hi SJ - Yes, as soon as I posted reply, realised the APB set-up had gone unmentioned. Thanks
  • #49,364
  • Jan 10, 2015 12:02pm Jan 10, 2015 12:02pm
Quoting stevepatt
{quote} Hi toksy; The chart below, I hope, demonstrates what to look for. It's important to allow a trend to be in place before looking for Pullbacks during the Pullbacks you need to be watching the Indicators, you use, to get you into Trades that are in line with the Trend. Look back over the charts to see how reliable these Pullbacks can be to get you into profitable Trades. {image}
Quoting stevepatt
{quote} Hi montego; Trading with the Trend will never be a bad decision. The closer you are to a change in Market Structure the Stronger your chance of success with a Trade. I hope the charts below show how Market Structure can be Traded by just looking for the Pullbacks in the Primary Trend and then looking for the best opportunities to take Trades in line with the Primary Trend. It doesn't really matter what you use to enter Trades as long as you know where to be looking to take them and which direction to Trade. {image} {image} {image} {image}...
Quoting stevepatt
{quote} Hi birdnest; You need to be aware of Market Structure is the Longer Term Trend Bullish or Bearish? In this the case the Longer Term Trend is Bearish so we need to be looking for Bullish Pullbacks in the Longer Term Bearish Trend. It's during these Pullbacks that we need to be looking for Trade setups that get us into Trades that are in line with the Longer Term Bearish Trend. I hope this helps. {image}
Quoting stevepatt
{quote} Hi nefilim; I think I'd be more inclined to wait for a Bullish Pullback and then look for Bearish Setups to get me Trading with the Primary Trend. Trading Counter Trend is great when it works but far more risky. I find it more profitable to look for Areas where there is a good chance of seeing Signals that will get us Trading with the primary Trend {image}
Nice to meet you stevepatt
I do not know Market Structure what the charts say , can only read a little bit, before looking for Pullbacks during the Pullbacks?
I enjoyed these articles and pictures
Very interested in how to learn, there are courses or FF theme?
Please forgive google translation, Chinese language learning comprehension slow
Thank you
Do not understand English, forgive me with google translation
  • #49,365
  • Jan 10, 2015 2:18pm Jan 10, 2015 2:18pm
Good afternoon!

I am hopeful the foundation and excellent trader/advisors could give me some indicator and language advice. I just noticed a chart with both Traders Dynamic Index and TMS. So far, I am using only Synergy APB, Trader Dynamic Index-2. The latter indicator has the TDI plus two blue lines, are these the 200ema? They follow the curve of the tdi but arent straight lines. They do seem great indicators though (even though Im still learning what they are). My goal is to go simple like BigE says.

Is there an add in that show the ADR and ATR?
What is the guppy?
What is SM ADR, BRN, APB?
Does backtesting refer to reviewing the chart history and looking for s/r levels and patterns?

It has been great being a lurker, and am hopeful to be a productive contributor in the future. Thank you so much to all! Now I don't feel so alone as a trader.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 175 KB
  • #49,366
  • Jan 10, 2015 4:18pm Jan 10, 2015 4:18pm
Quoting likica
{quote} Yeah, we have Guppy, PAC, 200MA to guide (like SJ once mentioned), now wait for TDI to signal
hi sorry for asking. i think im kinda late in this thing. can you please show me links where can i learn the guppy, pac and those things? btw what is pac? in short, same question just like what rupasi asked. thanks
  • #49,367
  • Jan 10, 2015 7:27pm Jan 10, 2015 7:27pm
Quoting likica
{quote} Good trade management BAL I am still not good at looking at charts without any MA. pardon me if any of you don't like my decoration Here is the EA M30 (my favorite TF), for the week, if only taking FO/LO trades with TDI arrows and PT/SL 30pips since it from M30, note that PT could be 50 and more if HTF also confirmed, and not against guppy nor 200MA, result should be 99.9% win (I don't put 100% as it looks too perfect, and nothing in the world is 100% perfect unless it s fake) Therefore, practise and...
LOL! Very colourful likica Thats a great method with the M30 with tabs on the HTFs - like BAL said you miss out with the TDI but this gets you in earlier and you can still look up the HTFs. I am just sticking to the 1H/4H though cause otherwise its gets over the top complicated.
  • #49,368
  • Jan 10, 2015 7:44pm Jan 10, 2015 7:44pm
Quoting Phx62
After taking a few days away from trading over the holidays, here are my TMS trades on EA H1 for the week. Mostly LO trades with a couple of exceptions (one NY session trade on Tuesday after ADR was hit for the day and price made a correction move & one NY trade after non-payroll established its direction on Friday).{image}
Hi Phx62, masterful trading mate, congrats Very consistent results over a very long (Forex-wise) period. I noticed you have changed to EA - in earlier posts you mention that you changed from EU to EJ due to volume/AWR decrease for EU but EA is on par with many other pairs for the AWR[say for 5 W]. What is the motivation for EA?

I noticed on your chart you took two CT trades; the first worked nicely after (roughly) a measured move down (this was also a TDI signal buy) but the second was attempted after consolidation (looks like a bearish flag) that resulted in a BE (long-trap : strong bearish PA after the trade had been taken). What was your thinking going into this trade? A retrace to the trendline perhaps?

Many thanks for your posts - i think i am not alone when i request further and more frequent posts
  • #49,369
  • Jan 10, 2015 7:56pm Jan 10, 2015 7:56pm
Quoting likica
GU view: small tiny indecision candle on Daily chart got my attention. It will be interesting to see a break out... {image}
Nice engulfing pattern on normal candles; with a possible (we dont really have gaps here) morning star for a 3 candle pattern - confirmation next W might see it retrace (at least) to the 1.52 round handle
  • #49,370
  • Jan 10, 2015 11:31pm Jan 10, 2015 11:31pm
Quoting Ballistical
{quote} As always, excellent trading! Thank you for sharing your chart! I see that more or less all of your LO trades appear to be taken on a break of the Frankfurt candle. (4 of these were also in line with the primary downtrend) I'd be interested to hear how you manage your trades around news. I know that you used to move your SL to BE around 21 pips profit. However, this week I got stopped out at BE on Wednesday and Thursday by EUR news. Many times this news seems to cause a bit of a spike but then PA continues in the same direction. You (rightly)...
After getting stopped out at BE a number of times, I no longer have the trade manager automatically move the SL after 21 pips. I try to leave 30 to 50 pips as a SL. Better success with that. I do not normally trade news but on NF payroll and maybe FOMC, if I am at the computer I will see what direction news finally takes price, usually 15 or 20 minutes after the announcement and then jump in with a small lot size for 50 pips. Hope this helps explain my trading regarding your post.
Success to you!!!
  • #49,371
  • Jan 10, 2015 11:33pm Jan 10, 2015 11:33pm
Quoting dennis4u15
Hi Phx62 Just wanted to know how u set TP level...is it normally 50 pips or when the TDI flats or hooks...please do advice Regards Dennis
I enter every trade with a 50 pip TP and a 50 pip EMERGENCY SL and then move both as the trade progresses based on price movement and size of candles.
  • #49,372
  • Jan 11, 2015 12:03am Jan 11, 2015 12:03am
Quoting griffinssoul
{quote} Hi Phx62, masterful trading mate, congrats Very consistent results over a very long (Forex-wise) period. I noticed you have changed to EA - in earlier posts you mention that you changed from EU to EJ due to volume/AWR decrease for EU but EA is on par with many other pairs for the AWR[say for 5 W]. What is the motivation for EA? I noticed on your chart you took two CT trades; the first worked nicely after (roughly) a measured move down (this was also a TDI signal buy) but the second was attempted after consolidation (looks like...
I have been trading EA successfully for over a year and have become very familiar with how price moves with this pair, plus the ADR is usually as high or higher than most other pairs. I like the movement during the Asian with the Aussie dollar in the mix. It gives me some insight into how the pair may move after LO. I also trade the GU if there is news or events that affect the Pound or US dollar.
The first CT trade was entered following a PCRF candle formation (the PCRF had not quite completed but there was a TDI cross at the open of that candle). The second CT trade was just my normal entry at LO. If the ADR for the past couple of days is high and the pair is not ranging, I usually enter on the break above or below the Frankfurt candle or the previous 2 or 3 candles. With this pair, I get over a 80% success rate with that strategy and if there is a pullback from S/R, or if there is a PCRF that occurs, I try to go for more pips based on what I see in the market. I am aware each day of trend direction for the H4, Daily and Weekly charts but don't place a lot of weight on that information when only going for 50 or 100 pips. You can pick up 50 pips on many retracement CT moves, especially during London, where most price movement occurs. Occasionally, I will enter H4 or longer term trades and then I am more aware of the trend information for those time frames.
I have lots of things going on in my life and don't expect to very active on the thread. I just like to check in occasionally to see how the tread and TMS traders are doing. I have shared most of my trade plan on this thread and that information is in my posts and the PDF's that were compiled. Good luck to each of you in your journeys through Forex.
  • #49,373
  • Jan 11, 2015 3:07am Jan 11, 2015 3:07am
Quoting Phx62
After taking a few days away from trading over the holidays, here are my TMS trades on EA H1 for the week. Mostly LO trades with a couple of exceptions (one NY session trade on Tuesday after ADR was hit for the day and price made a correction move & one NY trade after non-payroll established its direction on Friday).{image}
I would to ask you about 2 trades , one on 7_Jan_2014 , that trade was taken as I see on triple tops and break below FO last H1 bar, I see that the trade already moved almost to BE , but then started to have a deeper retracement, I was in the same trade, closed that with some profit, so how do you manage a trade at LO that moves almost 20 pips and then retrace back , I see that setting the stop above LO box, would be a safe place, but I wonder when is that valid and when not, especially if the trade moves almost in the 20 pips range before retracing back


Second question on Friday, u took long and then stopped out at BE, later price broke below APB blue candles, what made you not to enter short there , even there was cross of TDI and change color, and the news was still couple or more hours ahead

Thanks for posting ur trades, I know that ur are busy with life these days as you mention before, but whenever u have time, please post ur trades as there are still TMS traders that like to see ur chart and explanation

TSS
I Have Learned to Take Some Losses to Make Profits
  • #49,374
  • Jan 11, 2015 3:26am Jan 11, 2015 3:26am
Quoting Phx62
{quote} After getting stopped out at BE a number of times, I no longer have the trade manager automatically move the SL after 21 pips. I try to leave 30 to 50 pips as a SL. Better success with that. I do not normally trade news but on NF payroll and maybe FOMC, if I am at the computer I will see what direction news finally takes price, usually 15 or 20 minutes after the announcement and then jump in with a small lot size for 50 pips. Hope this helps explain my trading regarding your post. Success to you!!!
Quoting Phx62
{quote} I have been trading EA successfully for over a year and have become very familiar with how price moves with this pair, plus the ADR is usually as high or higher than most other pairs. I like the movement during the Asian with the Aussie dollar in the mix. It gives me some insight into how the pair may move after LO. I also trade the GU if there is news or events that affect the Pound or US dollar. The first CT trade was entered following a PCRF candle formation (the PCRF had not quite completed but there was a TDI cross at the open of that...

As always, thank you for taking the time to respond in detail and share your trade plan with us.

You have shown me and many others the way to profitable trading. However, seeing your posts just reminds me how much more work I have to do!

All the best!
Focus on the process and the profits will follow
  • #49,375
  • Jan 11, 2015 5:58am Jan 11, 2015 5:58am
Hi likica!

Thanks for the replyt. I have long been downloaded all that you have posted. Only here for one thing, I'm a newbie and do not know much, your current templates differ from what you posted earlier. Please forgive me for my persistence and stupidity. If you would be so kind indulgence and kindness and i could use your templates, I would be very grateful.
  • #49,376
  • Jan 11, 2015 7:41am Jan 11, 2015 7:41am
Quoting likica
{quote} Good trade management BAL I am still not good at looking at charts without any MA. pardon me if any of you don't like my decoration Here is the EA M30 (my favorite TF), for the week, if only taking FO/LO trades with TDI arrows and PT/SL 30pips since it from M30, note that PT could be 50 and more if HTF also confirmed, and not against guppy nor 200MA, result should be 99.9% win (I don't put 100% as it looks too perfect, and nothing in the world is 100% perfect unless it s fake) Therefore, practise and have...
Dear Likica ,can i ask You if in this chart You posted do you have considered the repaintingn effect of tdi ?and the fifth signal must be considered a buy signal ,although against the guppys and the 200 ema ? Thanks in advance for your attention and time.
  • #49,377
  • Jan 11, 2015 7:44am Jan 11, 2015 7:44am
Quoting Phx62
{quote} I have been trading EA successfully for over a year and have become very familiar with how price moves with this pair, plus the ADR is usually as high or higher than most other pairs. I like the movement during the Asian with the Aussie dollar in the mix. It gives me some insight into how the pair may move after LO. I also trade the GU if there is news or events that affect the Pound or US dollar. The first CT trade was entered following a PCRF candle formation (the PCRF had not quite completed but there was a TDI cross at the open of that...
Hi Phx62, can I ask which pairs you follow? I can see from your posts more often than not it's EUR/AUD (for the greater ADR I think you said) but I wondered what others you follow also. Many thanks.
  • #49,378
  • Jan 11, 2015 9:42am Jan 11, 2015 9:42am
Quoting Vladbold
{quote} Thanks for sharing likika! I have to say, been watching TMS for 1,5 years now and never considered watching the M30 until now. Will watch.
Watch this as well, combine the first 2 M15 bars at LO and then watch M30, there you might get the setup candle ie APB changes color and nice TDI cross setting the trade
I Have Learned to Take Some Losses to Make Profits
  • #49,379
  • Edited 12:09pm Jan 11, 2015 10:34am | Edited 12:09pm
I see there a few new traders to TMS asking about various current indicators being used. The paper clip (top right of this page) has a range of different ones.

Below is my chart and attached are the indicators I use which I understand many of the more experienced traders use.

Hopefully this is helpfull....

If you are using APB's and wish to add the 'Yellow'Brick Road' add two moving averages as EMA 5 hi & low shift 1 or 2. alternatively the Synergy Pro APB indicator in the file below has these incorporated with the candles.

Guppies are a series of EMA's - 30, 35, 40, 45, 50 & 60 set to close
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 47 KB
Attached File(s)
File Type: zip TMS.zip   102 KB | 689 downloads
  • #49,380
  • Jan 11, 2015 11:40am Jan 11, 2015 11:40am
Tnx Fxray for hellp!
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