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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

  • #50,261
  • Jan 18, 2015 5:17am Jan 18, 2015 5:17am
We suggest you DO NOT trade any pairs containing either the
EUR or CHF currency
until after Thursday’s ECB Press Conference
  • #50,262
  • Jan 18, 2015 5:21am Jan 18, 2015 5:21am
Quoting emmanuel7788
{quote} {image} 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. {image} In the H4 chart above, I marked two setup candles. Practice and know how those two candle qualify as setup candles. regards,
Thanks Emmanuel...learning all the time
  • #50,263
  • Jan 18, 2015 8:20am Jan 18, 2015 8:20am
Quoting robcole
{quote} hi montego, have look at this news-indi, but pay attention that you have to switch on all currencies you want that he show you news... greetings robcole {file}
Rob cheers that's very good of you will have a look at this on my chart, cheers Montego
  • #50,264
  • Jan 18, 2015 8:53am Jan 18, 2015 8:53am
Quoting classy
{quote} motengo i like your temp.i know all indicator is attached in paperclip but you arrange nicely .it is so clear to understand and easy to gather lot information.i really appreciate it.would you like to share your chart indi and temp as zip file please.thanks in advance.
Hi Classy here is my template, and the indis are in the paperclip, im sorry I don't know how to create a zip, hope this helps M
Attached File(s)
File Type: tpl template01.tpl   87 KB | 450 downloads
  • #50,265
  • Jan 18, 2015 8:58am Jan 18, 2015 8:58am
Quoting wyley187
{quote} 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! {image}
Hi Wyley chart looks great I think it looks better than your old ones also
can I ask whats the indi called at the bottom left of your main screen is called please mate? and is it on the paperclip of this thread ? cheers montego
  • #50,266
  • Jan 18, 2015 9:09am Jan 18, 2015 9:09am
Quoting emmanuel7788
AUDUSD and AUDJPY H1 trades taken on Friday 16 Jan. These are SYD_2H trades. I look at the range of the first 2 hours of the Sydney session and then follow the previous day price action. Always keeping my rules simple: Follow the Prev D price bar or candle Trade away from the Day Open. Trade away from BRN '00' levels. Keep target profit withing expectation, Asian session is usually narrow range. Use Multi-Lot entry, exit 1st Lot at 20pips, and BE 2nd lot and to look for a bigger move during the session. {image} {image} Note: use the Day Open line...
Emmanuel thanks for the great charts and your teachings, they are a great help to people learning like myself
I am now going to ask a stupid question but I genuinely don't know the answer to this when you say trade away from the day open do you mean -
1/say your trading the London open, when the London opens at 8am gmt -is that is the day open line ?
2/ midnight London gmt time ?
  • #50,267
  • Jan 18, 2015 12:08pm Jan 18, 2015 12:08pm
Quoting faktmany
We suggest you DO NOT trade any pairs containing either the EUR or CHF currency until after Thursday’s ECB Press Conference

Who is "WE" in your recommendation ?
  • #50,268
  • Jan 18, 2015 12:51pm Jan 18, 2015 12:51pm
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}
Reasons why H1 setup candle is high probability:

- Setup candle is a BUOB with close above PAC
- H1 making a HL
- Price coming off BRN 116
- Trade is away from the DO
- TDI angle 12 - 2
- TSL above MBL
  • #50,269
  • Edited 1:13pm Jan 18, 2015 12:59pm | Edited 1:13pm
Quoting snarlyjack
{quote} Ballistical, Give this template a try... I think it will help you! sj {file}

Hi SJ hope you are doing well and enjoying your weekend.

I would love to try your template but as a NinjaTrader my MT4 skills are not great and I have tried and tried ways to load your template files without success.

If you or anynody else could advise that would be much appreciated.

Cheers

Alan
  • #50,270
  • Jan 18, 2015 1:22pm Jan 18, 2015 1:22pm
Quoting saintalan
{quote} Hi SJ hope you are doing well and enjoying your weekend. I would love to try your template but as a NinjaTrader my MT4 skills are not great and I have tried and tried ways to load your template files without success. If you or anynody else could advise that would be much appreciated. Cheers Alan
Are you having problem attaching indicators? Check this post video that might help

 

  1. Post 30,477

Sad i'm not trying to understand PA
  • #50,271
  • Jan 18, 2015 1:50pm Jan 18, 2015 1:50pm
Quoting omonisha
{quote} Are you having problem attaching indicators? Check this post video that might help Post 30,477

Thanks for that I had seen that vid so was aware of the OpenDataFolder, my problem is/was that I put the templates in the template folder but as the rest are all .ex4 I dont know what are EAs and Indicators.

I resolved it by putting all in each but if someone could tell me which is which that would be great.

I also didn't realise until then that there were 3 different coloured templates!

Thanks again

Alan
  • #50,272
  • Jan 18, 2015 1:57pm Jan 18, 2015 1:57pm
Quoting saintalan
{quote} Thanks for that I had seen that vid so was aware of the OpenDataFolder, my problem is/was that I put the templates in the template folder but as the rest are all .ex4 I dont know what are EAs and Indicators. I resolved it by putting all in each but if someone could tell me which is which that would be great. I also didn't realise until then that there were 3 different coloured templates! Thanks again Alan
All the .ex4 file will go to indicator folder and templates to template folder. EA= Expert Advisor. There is no EA inside synergy pro zip.
Sad i'm not trying to understand PA
  • #50,273
  • Jan 18, 2015 2:09pm Jan 18, 2015 2:09pm
Quoting montego
{quote} Hi Classy here is my template, and the indis are in the paperclip, im sorry I don't know how to create a zip, hope this helps M {file}
MANY THANKS FOR +ve response .for create zip ..you can try win zip or win rar .for info http://www.win-rar.com/start.html?&L=0 or search google and download a
Say something meaningful or Silence!!
  • #50,274
  • Jan 18, 2015 2:47pm Jan 18, 2015 2:47pm
Quoting omonisha
{quote} All the .ex4 file will go to indicator folder and templates to template folder. EA= Expert Advisor. There is no EA inside synergy pro zip.
Got it. Many thanks, Alan
  • #50,275
  • Jan 18, 2015 3:32pm Jan 18, 2015 3:32pm
Quoting montego
{quote} Hi Wyley chart looks great I think it looks better than your old ones also can I ask whats the indi called at the bottom left of your main screen is called please mate? and is it on the paperclip of this thread ? cheers montego
hey montego thanks! Its a MTF Indi that shows direction of price line on diff time frames, I got it it the Synergy.zip file that snarlyjack uploaded
  • #50,276
  • Jan 18, 2015 4:43pm Jan 18, 2015 4:43pm
Quoting emmanuel7788
AUDUSD and AUDJPY H1 trades taken on Friday 16 Jan. These are SYD_2H trades. I look at the range of the first 2 hours of the Sydney session and then follow the previous day price action. Always keeping my rules simple: Follow the Prev D price bar or candle Trade away from the Day Open. Trade away from BRN '00' levels. Keep target profit withing expectation, Asian session is usually narrow range. Use Multi-Lot entry, exit 1st Lot at 20pips, and BE 2nd lot and to look for a bigger move during the session. {image} {image} Note: use the Day Open line...
Emmanuel,

I like your rules!
Does this work on the 4 hour & daily chart set-ups?
Especially the daily, can you trade in the direction of the
prior daily candle with pretty good success?
Thanks.
sj
  • #50,277
  • Jan 18, 2015 4:57pm Jan 18, 2015 4:57pm
Quoting wyley187
{quote} Yeah I like u/cad too and the swap isn't bad and it gives some good moves on the oil factor like you said. Funny I'm about 200 miles from the border too so winter is my favorite time to trade, ITs COLD out there!
Wyley,

It's about 30 degrees right now. I understand what
your saying "trading in the winter" is a great time to trade...

In the summer, I'm distracted by other things to do. But I really
don't want to move to Arizona so here I'm

It's been nice getting to know you!

sj
  • #50,278
  • Jan 18, 2015 5:07pm Jan 18, 2015 5:07pm
Quoting emmanuel7788
Trade away from the Day Open. Trade away from BRN '00' levels.
Does "trade away from" mean in the opposite direction from the Day Open?
  • #50,279
  • Jan 18, 2015 5:40pm Jan 18, 2015 5:40pm
Quoting csethna
{quote} 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.
Csethna,

I'm watching the usd/jpy daily for a possible long.
It is showing a large bullish pin-bar & has retraced
into the guppy's. I'm watching for a set-up apb...
sj
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 67 KB
  • #50,280
  • Jan 18, 2015 5:54pm Jan 18, 2015 5:54pm
PA didn't do much over the weekend on EA.
This is what I expect from EA now (This is not a Signal or recommended Trade Setup)

EA Daily(Strongly Bearish)
Attached Image (click to enlarge)
Click to Enlarge Name: EA daily 190115.png Size: 204 KB


EA H4
Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 190115.png Size: 202 KB


EA H1
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Breakout box 190115.png Size: 200 KB


EA M30
Attached Image (click to enlarge)
Click to Enlarge Name: EA 30 min 190115.png Size: 228 KB


M30 early entry works great on Monday and Friday if you are looking to scalp on M30 leading to H1... However, As Likica mentioned many times we have to keep our targets reasonable for such short TF entries (20 to 30 pips)

US Bank Holiday Today

Kindest Regards
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