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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

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Trading Made Simple

  • #50,341
  • Jan 19, 2015 8:54am Jan 19, 2015 8:54am
Quoting snarlyjack
{quote} Good morning Steve, I'm on the way to my eye doctor this morning but I wanted to answer your question before I left. The Tdi is just a good indicator to guide us. In your example the "pac" works very good. Remember that we have multiple entries. The tdi, the pac, the guppys, the apb's, (price action), and the levels (s/r lines). The tdi is more over bought, over sold, (where we are in the market). I think a person could just use the pac with nothing else and do pretty good. In your example a person could have just rode the pac all the way...

Hi sj;

Thanks for taking the time to reply, I hope your eye appointment goes well.

I've cut the amount of indicators I use, on my Trading Charts, to the bear minimum because of the confusion too many indicators can cause.

To be honest, I think, I would drop the TDI all together because I don't get on with Oscillator Indicators I know people, that use it, find it very good but I find, for me, it can give conflicting information.

I like crisp clean charts where I can clearly see what's going on with PA I can see how the PAC and Guppy Indicators can help, a lot, with the Trend and spotting Pullbacks in that Trend.
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  • #50,342
  • Jan 19, 2015 9:59am Jan 19, 2015 9:59am
Nice EU set up at LO. Hit target 1 at 50pips and just approaching T2 at 100pips.
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  • #50,343
  • Jan 19, 2015 10:03am Jan 19, 2015 10:03am
Quoting mch1970
Nice EU set up at LO. Hit target 1 at 50pips and just approaching T2 at 100pips. {image}
we are on the same boat. congrats.
  • #50,344
  • Jan 19, 2015 10:03am Jan 19, 2015 10:03am
Quoting mch1970
Nice EU set up at LO. Hit target 1 at 50pips and just approaching T2 at 100pips. {image}
Will target BRN 137.00 for TP on 2nd lot.
  • #50,345
  • Jan 19, 2015 10:05am Jan 19, 2015 10:05am
Quoting ehh
{quote} we are on the same boat. congrats.
Likewise - nice trading.
  • #50,346
  • Jan 19, 2015 11:30am Jan 19, 2015 11:30am
target hit for EU and EJ.its getting better
  • #50,347
  • Jan 19, 2015 11:58am Jan 19, 2015 11:58am
I just received an email from FinFX (my broker) that they are longer able to accept US customers (likely due to all the BS nanny state regulations that the US is forcing on brokers world-wide). US accounts will be transferred to a broker named Tallinex (www.tallinex.com) on Jan 30, unless otherwise directed by the account holder. I am researching Tallinex and exchanging emails with them right now. However, I was just wondering if any of you have worked with Tallinex and what your experience has been with them.
  • #50,348
  • Jan 19, 2015 12:11pm Jan 19, 2015 12:11pm
Quoting snarlyjack
{quote} Ballistical, Give this template a try... I think it will help you! sj {file}
Hi Snarlyjack - can I ask how I would add the template? There are several in the zip and several indicators also. I like the look of your charts - not sure I totally understand all the indy's but looks clean. Over the last 5 years I have tried many systems - some with success, most with little. I have read a lot of the TMS thread and it seems a great concept but my main problem is I am just not awake when LO happens - I'm in the PST zone.
Any help - much appreciated.
Thanks,
Matt.
  • #50,349
  • Jan 19, 2015 2:56pm Jan 19, 2015 2:56pm
Quoting sknight1
I just received an email from FinFX (my broker) that they are longer able to accept US customers (likely due to all the BS nanny state regulations that the US is forcing on brokers world-wide). US accounts will be transferred to a broker named Tallinex (www.tallinex.com) on Jan 30, unless otherwise directed by the account holder. I am researching Tallinex and exchanging emails with them right now. However, I was just wondering if any of you have worked with Tallinex and what your experience has been with them....
This is where they are regulated: The Financial Services Authority (FSA) in St Vincent and the Grenadines I don't know their rules are as strict as elsewhere. Protection of your funds should come first, you don't trade with very high leverage so I don't think there is a need to take a chance with an unknown regulator.
  • #50,350
  • Jan 19, 2015 3:10pm Jan 19, 2015 3:10pm
Didn't want to get greedy so instead of 100 tp I changed to the trendline after I'd moved it somewhere more sensible as I had to go out, also put a 50 pip trail on it and left it.
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  • #50,351
  • Jan 19, 2015 3:31pm Jan 19, 2015 3:31pm
Hi guys after a few days away I'm back Looking forward to what this week brings I'll be back later
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,352
  • Edited 3:55pm Jan 19, 2015 3:41pm | Edited 3:55pm
Quoting mattjh1973
{quote} Hi Snarlyjack - can I ask how I would add the template? There are several in the zip and several indicators also... Thanks, Matt.
Hi Matt, as I went through this yesterday perhaps I can help, I am sure others will correct me if I am wrong.

1. place all the .ex4 files in the Indicators folder. To do this FILE>Open Data Folder >MQL4>Indicators
2. there are 9 templates there, to cut down to 3 the suffix prior to .tpl is b, g or w i.e. Black, Grey or White
3. you can get away with 1 template if you dont mind switching between Active/Conservative on/off via the Indicators. The arrow alerts does not contain the trade alerts. So just choose the one you want or all three.
4.I highly recommend you read the PTF, I am still going through it and will take a while but worth it.

Hope that helps, as I have only used NinjaTrader before it was a bit new to me but a good learning curve.

Cheers

Alan
  • #50,353
  • Jan 19, 2015 3:43pm Jan 19, 2015 3:43pm
Hello,

I'm fairly new to the system, I'm still reading through the pages, but I have a long way to go. I have a quick doubt: In what moment and why did most people switch from the indicator TDI Red Green, to Synergy Pro? I know it is more or less the same, but the TDI red green (just those lines) seems to cross before the synergy. Is it more secure or more profitable?
I just downloaded the template with the PDF and I'm studying it, it seems very complete.
Had to be me. Someone else might have gotten it wrong.
  • #50,354
  • Jan 19, 2015 5:06pm Jan 19, 2015 5:06pm
Quoting stevepatt
{quote} Hi sj; Thanks for taking the time to reply, I hope your eye appointment goes well. I've cut the amount of indicators I use, on my Trading Charts, to the bear minimum because of the confusion too many indicators can cause. To be honest, I think, I would drop the TDI all together because I don't get on with Oscillator Indicators I know people, that use it, find it very good but I find, for me, it can give conflicting information. I like crisp clean charts where I can clearly see what's going on with PA I can see how the PAC and Guppy Indicators...
Steve,

I think for a price action trader like you, your set-up
is perfect. I have no problem with how you trade at
all! I think your set up will help you get even more profitable
sj
  • #50,355
  • Jan 19, 2015 5:16pm Jan 19, 2015 5:16pm
Quoting mattjh1973
{quote} Hi Snarlyjack - can I ask how I would add the template? There are several in the zip and several indicators also. I like the look of your charts - not sure I totally understand all the indy's but looks clean. Over the last 5 years I have tried many systems - some with success, most with little. I have read a lot of the TMS thread and it seems a great concept but my main problem is I am just not awake when LO happens - I'm in the PST zone. Any help - much appreciated. Thanks, Matt.
Mattjh,

Nice meeting you & welcome to Tms.
(a fellow PST zone trader )

Put in the template that you like (gray works great).
Add the guppy's: ema/close, 30,35,40,45,50,55 & 60.
Concentrate on the 4 hour & daily chart.
Put in your trades, on the last 4 hour bar before L/O,
it should be your 10:00 p.m. candle. Close out in the
morning when you get up.
Look at trend, levels & tdi (The guppy's are your current trend).
Put in a 200 ema/close for your long term trend.
Play around with it!
If you have any questions, please feel free to ask!

Once again welcome to Tms...

sj
  • #50,356
  • Jan 19, 2015 5:27pm Jan 19, 2015 5:27pm
Quoting saintalan
{quote} Hi Matt, as I went through this yesterday perhaps I can help,
Thanks Alan - I must be having a bad day as I know how to add indicators and templates but on this occasion I chose to keep all the indicators in the synergy folder and put the while folder in the indicators folder - and then wondered why the template was blank?
All sorted now though - thanks very much for the help as you provided power for the lightbulb to come on!

Question - So as I mentioned - I'm in the PST time zone - can I ask what pairs and times people trade, specifically in this zone? I know that EelFranz was trading this zone but I have tried going to bed late and waking up but its not going to work out. Also - does anyone on here actually make a living at this? I have recently been laid off my job and so am toying with the idea of trading instead of getting another shitty corp job. I did make pretty decent money though so the wife is anxious to put me back to work....
  • #50,357
  • Jan 19, 2015 5:49pm Jan 19, 2015 5:49pm
Quoting snarlyjack
{quote} Mattjh, Eelfranz traded the: eur/usd, gbp/usd, aud/usd, usd/jpy, eur/gbp, eur/aud, eur/jpy. He also traded the usd/chf (but that pair is getting weird) so I changed mine to usd/cad. Lot's of people at Tms make money using this system. We have full time professional traders in here using this system. I can only speak for myself but this is how I make my living! ***Disclosure*** The full time traders that I know, have been trading for awhile (years) and know exactly what they are doing! It takes time to learn how to trade. Trading is NOT a...
I however don't like the pac or the newer tdi, I don't find them helpful to my trading so I haven't changed from the original tdi so not all of us are using them
  • #50,358
  • Jan 19, 2015 6:06pm Jan 19, 2015 6:06pm
Thanks very much SJ and lastingwell. What timezone/s are you in ? Good to know you can make a living at this - due to work commitments I had spent the last 2 years developing an EA - but it would only ever break even; just too many variables.

Really appreciate the help and advice.

Matt.
  • #50,359
  • Jan 19, 2015 6:17pm Jan 19, 2015 6:17pm
Quoting mattjh1973
Thanks very much SJ and lastingwell. What timezone/s are you in ? Good to know you can make a living at this - due to work commitments I had spent the last 2 years developing an EA - but it would only ever break even; just too many variables. Really appreciate the help and advice. Matt.
Mattjh,

I am trading from Montana. Mountain Standard Time zone.
The L/O is 1:00 a.m. or 2:00 a.m. my time. In my
sleep zone. I like this system (4 hour & daily) charts
because it fit's in with my sleep pattern. Their are some
other benefits to trading the 4 hour & daily charts...

sj
  • #50,360
  • Jan 19, 2015 6:47pm Jan 19, 2015 6:47pm
Quoting snarlyjack
{quote} Mattjh, I am trading from Montana. Mountain Standard Time zone. The L/O is 1:00 a.m. or 2:00 a.m. my time. In my sleep zone. I like this system (4 hour & daily) charts because it fit's in with my sleep pattern. Their are some other benefits to trading the 4 hour & daily charts... sj
welldone snarlyjack , i ve gone thru ur posts they are waoh, i ve question the pac. i.e 5 smoothe hi/low, the shift of 5 smoothe s hi/low is it 0 or 3 ??
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