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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

  • #50,241
  • Jan 17, 2015 10:29pm Jan 17, 2015 10:29pm
Quoting bigpips
Little gold nugget! Thanks! {quote}
Keep trading simple, fewer rules, maintain discipline and ensure consistency in execution.

Remember, I only trade AUDUSD, AUDJPY and ERURJPY during the first few hours of Sydney and Tokyo market sessions.
There was no opportunity in EURJPY last Friday. Notice that the Day Open and BRN as support was there.

Note the very bearish EJ Weekly candle. Try take some pips off this momentum.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 16 Jan H1 view.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,242
  • Jan 17, 2015 10:33pm Jan 17, 2015 10:33pm
Quoting snarlyjack
{quote} Ballistical, Give this template a try... I think it will help you! sj {file}

Thanks SJ.

To complete the package, everyone need to add-in your own Money Management Strategy and start build your own system using this very simple system.

Good Trading going forward.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,243
  • Jan 17, 2015 10:44pm Jan 17, 2015 10:44pm
Quoting pm.fx
Good afternoon friends, I have been working with my real account in fxcm, but with everything that happened this week, called for the withdrawal of funds. Someone advises some credible broker? I am thinking of IronFX, what is your opinion? I know this is not an issue here, but currently this is the few threads that I follow and I trust in the experience of some members and this is the system that I'm using in my real account. Thank you all

Hi pm.fx

I also have one account with FXCM and will keep this for while longer now that they have a life line to hang on to.
End of last year, I was considering Oanda and Alpari, but after what happened last week, I pit this on hold for a few more weeks.
More stories will emerge next week so we keep our ears on the ground for the next wave. A few more small brokerage firms will close shop.
Those firms that are well capitalized and with 'big brother' behind them will survive.

Think Safe, Play Safe and Stay Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,244
  • Jan 17, 2015 10:50pm Jan 17, 2015 10:50pm
good evening everyone, as many of you know I am switching brokers and have never used an mt4 platform before so I'm taking a saturday night watching some videos and messing around with a demo mt4 platform so Im ready to trade sunday night. I think I have the basics down and I think I have my TMS stuff the way I want. a couple questions though, Where can one find a good s/r indicator? Also I always used heiken ashi overlayed on a bar chart, Do these synergy bars look correct to you, with the open,high,low,close etc etc. also what is the difference between this synergy pro TDI I have loaded and the older version I had on my tradestation II platform, or are they all calculated the same way? If someone could answer these questions I would greatly appreciate it. this is what I have so far
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDcttH1demo.png Size: 62 KB
  • #50,245
  • Jan 17, 2015 10:52pm Jan 17, 2015 10:52pm
Learn Price Action to trade with TMS 5-Method:

below is an example using USDJPY H1.
That H1 setup candle is high probability.
Practice and test your PA skills to see if your can spot the reasons for that.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 16 Jan H1 Set-up candle.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,246
  • Jan 17, 2015 11:06pm Jan 17, 2015 11:06pm
Quoting emmanuel7788
Learn Price Action to trade with TMS 5-Method: below is an example using USDJPY H1. That H1 setup candle is high probability. Practice and test your PA skills to see if your can spot the reasons for that. {image}
Hi emm, For how I trade I would wait til the next candle for entry for a couple reasons that are my own. but that setup candle closed above the PAC, it didn't break or close below the low of the previous structure and it looks like it has tested and failed to break support farther back in the day. Thats what I would go off of??
  • #50,247
  • Jan 17, 2015 11:11pm Jan 17, 2015 11:11pm
Quoting fxray
{quote} Hi Montego Eelfranz used to place his stops on 4hr charts at the previous swing hi/lo. My chart below shows where I would have place my stop just below the lower PAC which is also a low point. Ray {image}
http://www.forexfactory.com/attachme...1&d=1421513143

Hi Ray,

You are right that eelfranz uses the previous price swing high - low to place his technical stop loss when he enters a trade.

And very good clean chart you posted. A very good trade example you posted.

I just want to steal that USDCAD H4 chart and zoom out to see more of the price action when we trade H4.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD H4 view.png Size: 76 KB


In the H4 chart above, I marked two setup candles. Practice and know how those two candle qualify as setup candles.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,248
  • Jan 17, 2015 11:29pm Jan 17, 2015 11:29pm
Quoting FXerha
{quote} hi sj..what is actual rsi for Synergy Pro Tdi..i noticed that current/default rsi value is 10..i think it was 13..need confirmation from all..thanks

Hi FXerha

The Synergy_Pro_TDI has been set to period 10 as default. Also the price type is weighted close, which takes into consideration the volatility of the price bars.This will make the TDI PL Green angle less significant than other versions of the TDI. When using the Synergy_Pro_TDI, give more attention to the price action using the real price bars and check the APB candle body size. Also use the Synergy_Pro_APB which has its own PAC build-in it.
Combining these up-to-date changes, you will have 'a leading edge' and will put you ahead of other traders who are using other versions of the TDI.

Note: The Synergy_Pro_APB in-built PAC is not the same as the older PAC which uses the 5-smoothed moving average set to High and Low as a channel.
This new PAC is calibrated with price volatility over a 9-period EMA. Why use 9 EMA? Anyone knows or want to make a guess.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,249
  • Jan 17, 2015 11:51pm Jan 17, 2015 11:51pm
Hi guys! Sorry this is way off topic...but did you guys noticed that the Forex Factory logo on the upper left hand corner is upside down?
~I'll take 5 pips or whatever I can~
  • #50,250
  • Jan 18, 2015 12:05am Jan 18, 2015 12:05am
Quoting Ropoy
Hi guys! Sorry this is way off topic...but did you guys noticed that the Forex Factory logo on the upper left hand corner is upside down?

Yes, I saw that yesterday.
If you been down to their office building, I am sure their flag would be at 'half mast'.

Next week, investors will flock to safe haven currency, ......., etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,251
  • Jan 18, 2015 12:37am Jan 18, 2015 12:37am
Quoting wyley187
good evening everyone, as many of you know I am switching brokers and have never used an mt4 platform before so I'm taking a saturday night watching some videos and messing around with a demo mt4 platform so Im ready to trade sunday night. I think I have the basics down and I think I have my TMS stuff the way I want. a couple questions though, Where can one find a good s/r indicator? Also I always used heiken ashi overlayed on a bar chart, Do these synergy bars look correct to you, with the open,high,low,close etc etc. also what is the difference...

Yay whyley !!! Good for you on checking out videos for MT4 basics. Youtube is fantastic for speeding up one's learning curve.

Here's a good S&R indicator for you....
Attached File(s)
File Type: ex4 II_SupDemMOD.ex4   20 KB | 380 downloads
  • #50,252
  • Jan 18, 2015 12:52am Jan 18, 2015 12:52am
Quoting sknight1
{quote} Yay whyley !!! Good for you on checking out videos for MT4 basics. Youtube is fantastic for speeding up one's learning curve. Here's a good S&R indicator for you.... {file}
Thank you sknight!!! I didn't realise what an undertaking this was going to be tracking down indicators! thanks again!
  • #50,253
  • Jan 18, 2015 1:09am Jan 18, 2015 1:09am
Quoting wyley187
{quote} Thank you sknight!!! I didn't realise what an undertaking this was going to be tracking down indicators! thanks again!

You are most welcome. Keep up the great effort !!

There's also this one.... I'm not sure which is "better". I've used both but, typically draw in my own S&R levels so things don't get cluttered up on lower time frames.
Attached File(s)
File Type: ex4 SupDem.ex4   13 KB | 348 downloads
  • #50,254
  • Jan 18, 2015 1:12am Jan 18, 2015 1:12am
Quoting snarlyjack
{quote} Csethna, Welcome to Tms & nice meeting you! See post #50,241 for the template (right above this post). I have to be very careful because I do not want to "call" the market for traders. I don't mind giving my opinions or giving advice but pointing out my trades is pretty dangerous. If you look in the Synergy template their is a ebook that is very good. I would suggest everyone read the Synergy ebook. It will show you how "Tms" & "Synergy" were developed & why. The Synergy template has been posted many times in this forum. Dean Malone @ Compass...
What I meant was that If we could see the trades u have taken during the week after u have closed them.It would give an idea of how u enter and exit. Thank you and God Bless.
  • #50,255
  • Jan 18, 2015 3:07am Jan 18, 2015 3:07am
.

Whew.....


Due to the Thursday’s dramatic move on the Swiss franc by the Swiss National Bank, a number of brokers have announced that they “can no longer meet regulatory minimum capitalization requirements because of significant losses”. A considerable number of brokers went bankrupt and closed down.
FinFX adheres to strict risk management policies and has an extensive range of internal policies and procedures to ensure high standards of business processes; thus we were able to overcome unprecedented volatility. FinFX would like to inform our clients, that our business was not affected substantially. FinFX will continue to operate normally.


However…. I may remove chf pairs from my watch list.


FinFX would like to inform all our clients that starting from 12:00 GMT+0 Today, 16th of January 2015, we will increase margin on EURCHF pair to 8% and on all the other CHF currency pairs to 5% due to unprecedented volatility in the Swiss franc.
  • #50,256
  • Jan 18, 2015 3:32am Jan 18, 2015 3:32am
Quoting sknight1
. Whew..... Due to the Thursday’s dramatic move on the Swiss franc by the Swiss National Bank, a number of brokers have announced that they “can no longer meet regulatory minimum capitalization requirements because of significant losses”. A considerable number of brokers went bankrupt and closed down. FinFX adheres to strict risk management policies and has an extensive range of internal policies and procedures to ensure high standards of business processes; thus we were able to overcome unprecedented volatility. FinFX would like to inform our clients,...
Hey sky, I'm all ready for market open, a few hours and I got this figured out, in fact I think I like it better than my old platform! I ended up not using your supp/dem indi but thanks for posting it anyway!
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.H4.png Size: 80 KB
  • #50,257
  • Jan 18, 2015 4:12am Jan 18, 2015 4:12am
Quoting snarlyjack
{quote} Ballistical, Give this template a try... I think it will help you! sj {file}
Thanks SJ. I'll give it a try
Focus on the process and the profits will follow
  • #50,258
  • Jan 18, 2015 4:21am Jan 18, 2015 4:21am
Quoting emmanuel7788
{quote} Hi Ballistical, OK, next week I will trade EURAUD during the Euro session and will use THV CaveManager to explain a few things with posts. A few years ago, I was in quite similar situation with many BE trades and a win rate of 45%. One of my mentors studied all my trades and recommended a change in my money management and exit strategy. That made a significant change in results - improved win rate to about 65% and also the overall. Expectancy for my H1 intraday trading system. I was not using the TDI back then, but was using the Fozzy-RSI...
Thanks Emmanuel,

I look forward to seeing your trades this coming week.

I am very interested in your different money management strategies.

All the best

Ballistical
Focus on the process and the profits will follow
  • #50,259
  • Jan 18, 2015 4:23am Jan 18, 2015 4:23am
Thanks for your help emmanuel7788
PM
  • #50,260
  • Jan 18, 2015 5:10am Jan 18, 2015 5:10am
Quoting Ropoy
Hi guys! Sorry this is way off topic...but did you guys noticed that the Forex Factory logo on the upper left hand corner is upside down?
Same here. Seems it had some regression issues while they made recent update. Now I hardly read FF from my iPad again. Layout is gone wrong... Hope they fix the issue quickly next week.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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