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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

  • #52,661
  • Feb 6, 2015 11:52am Feb 6, 2015 11:52am
Quoting nods80
{quote} Hi VNP Nice trade but I have a question. Why 2 entries? When you got back to BE on the first trade you had a valid short signal. Why did you exit and re-enter so close to 200sma?
A short time before the release of important news (red) price can make sudden movements, so I stopped first. Second - made by Pending Order.
  • #52,662
  • Feb 6, 2015 12:35pm Feb 6, 2015 12:35pm
Quoting snarlyjack
{quote} Merrygold, Perfect Enjoy your weekend & go play... sj
Thanks Snarly. Thoose results could not have been made if it wasnt for the great group of traders on this thread, beginners aswell as 'seniors'
MY SITTING, NEVER MY THINKING!
  • #52,663
  • Feb 6, 2015 3:39pm Feb 6, 2015 3:39pm
Quoting Vnp
{quote} A short time before the release of important news (red) price can make sudden movements, so I stopped first. Second - made by Pending Order.
I see. Good Job.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #52,664
  • Edited 4:34pm Feb 6, 2015 4:07pm | Edited 4:34pm
Got home just in time to close my GJ trade before the weekend, closed it just after I took this image GU I took out at +73 if I'd been here I would have taken it out much sooner.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1(1).png Size: 45 KB
Click to Enlarge Name: GBPUSDDaily(2).png Size: 41 KB
  • #52,665
  • Feb 6, 2015 4:16pm Feb 6, 2015 4:16pm
Quoting cobraking
{quote} Can't access the above charts. Thanks for your help
I don't think you can access them because vnp is the one who did the search and your own search link can't be shared with others, go to phx62 profile here: http://www.forexfactory.com/phx62 and then click on the link I've highlighted in the image below.
Attached Image
  • #52,666
  • Edited 5:13pm Feb 6, 2015 4:56pm | Edited 5:13pm
hi snarlyjack you can explain about atr projection level how it works
  • #52,667
  • Feb 6, 2015 6:24pm Feb 6, 2015 6:24pm
Looks like I'm spending my weekend reading lastingwell and phx62 charts
  • #52,668
  • Feb 6, 2015 7:34pm Feb 6, 2015 7:34pm
Quoting snarlyjack
{quote} Shinhwa, Oh, your talking about the guppy's (sorry I misunderstood). The guppy's show the intermediate trend. The pac shows the short term trend & the 200 ema shows the long term trend. These trend's can be broken. But they give us a good idea of trends. The blue lines are the daily open lines. Trade "away" from the blue daily open lines. I hope I answered your question. sj
Sorry for making you confused and now I learnt something new.
Thanks for your help and enjoy your weekend

Shin
  • #52,669
  • Feb 6, 2015 8:07pm Feb 6, 2015 8:07pm
Quoting longman72
{quote} Hi Sesamstrasse, it is not always necessary to enter on first or second candle especially where momentum is strong as in this case. I will often enter a trade just like this one because as you said you jump on the train and enjoy the ride. Price action is more than first or second candle, the angle of the TDI IS ALSO important. In this case tdi was crossed strongly down. Hope this helps.

Hi Folks,

longman72 is correct that we can enter on APB#3 and also after tha, i.e. when the market is trending.
In fact the most profitable trades for me are those where I enter at APB#3 and above on D1 charts. These are trending market trades. When you trade using the D1 chart as your 'trend', you can enter after APB#2 by observing on your H1 charts the Day Open and trade away from the Day open even when the D1 APB is candle #3 and above. You need to see first, the confirmed trend, then next is the momentum of the candles in H1.

In his post#1, eelfranz traded the H4 reversal in an aggressive way by entering on APB#1 and APB#2. He pull out of his trades when the TDI goes flat or hook backwards after his trade entry. He traded with the TDI Red Green. He did not refreshed his charts when he has open trades and you should know the reason for this.
Many new traders who are not skillful in seeing reversal at support and resistance and not able to see what the momentum candles are will be caught in narrow range market type. If you read all his posts on the 5-Method in the Craig Harris Stochastic Method thread and his #463 posts in this TMS thread, you will understand his style of trading and his money management strategy, and how he moved on and traded the H4 chart.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #52,670
  • Feb 6, 2015 8:16pm Feb 6, 2015 8:16pm
Quoting nods80
2 trades today at LO when I got in from work. woke up to tp hit GBPEUR 67 pips green and TP hit EURUSD 55 pips green (should have had a deeper TP). {image}
http://www.forexfactory.com/attachme...1&d=1423236443

Good trades in H1...

both trend and counter-trend trades in H1 are possible when you follow your trading rules with strict discipline.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #52,671
  • Edited 10:43pm Feb 6, 2015 10:00pm | Edited 10:43pm
Quoting f1nan2amt
Today and yesterday i doubled my account (still demo) just by using the Synergy PT Arrow on H1 and looking for the overall trend on H4. This is crazy... When Synergy PT gives me an alert on my H1 chart i just confirm the direction on H4 (right side of the guppys) and if it looks good i take the trade. I wonder how far this could take me

f1nan2amt,

Wow! you double your account in two days using a demo account.

What risk and money management strategy did you use?

Trading H1 and following the H4 trend and price action is a good way to get into higher probability trades and be profitable. Keep following your higher TF, try using the D1 chart TF too.

I think we all can learn from your trades when you show them on your charts.
Use the this :
Inserted Video



regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #52,672
  • Feb 7, 2015 12:32am Feb 7, 2015 12:32am
During the study of the past (testing), it is important to know the days of the week. Monday and Friday are different from the rest.
Found an indicator that will help

"There are essentials for victory:
He will win who knows when to fight and when not to fight.
He will win who knows how to handle both superior and inferior forces..." The Art of War Sun Tsi

https://charts.mql5.com/6/941/usdjpy...ri-limited.png
Attached File(s)
File Type: mq4 trade-day.mq4   7 KB | 403 downloads
  • #52,673
  • Feb 7, 2015 1:15am Feb 7, 2015 1:15am
Quoting griffinssoul
Paging likica... paging likica... please report to the trading floor... Getting good vibrations off AN... NJ with ECad (slammed) on the side... Heads-up on the pending red news with the most-est (i made this word up) ... noobs watch your Tick charts MT4 (EU)
Thanks for paging GS. I missed Friday trading due to special visit to Dental specialist where they put me asleep not wanting me to see my wisdom taken out. I was not sure if I was still wise after that so decided to have a rest for few days .
still able to read tms posts and admire others and your consistent success.. I had big drawdown this week from EA trades. Now looking back at my recent trades seeing me not let my profit running and not cutting my stop loss...(just wanted to share my experience as a failure and hope others can learn from it (something not good of course we dont want others to know since we are not proud of).
Now look at kinda naked chart with TDI and a few lines : 200MA, Daily_Open Line (DOL), Daily_High_low (DHL), Inside Bar (IB),
- when price created HH HL and TDI crossed that when we should enter a long (except when TDI <32, need to wait for it to come up above 32)
- when price created LH LL and TDI crossed that when we should enter a short (except when TDI>68, we need to wait for it to come down below 68)
- other exceptions are: no trade into those lines mentioned that why I put them up to avoid hitting walls.
- the other thing I found out as I made losses when price stuck in between Weekly S/R, DOL and 200MA, those need to be one side for us to trade away from ( see my chart). Of course one can see by looking at TDI playing around 50 and not going any further, however we could not see it clear until it came out later. The best IMO is to look at APB size: if big body blue APB appeared recently then only thinking of going long if it created HL and SL should place at few ticks below last swing low. Visa versa for going short. See my chart for better visual understanding.
Most of us losing money during choppy market....
Here is a snapshot of EU/AU M30 chart (my favorite TF) to remind newbies and myself and some not so newbies while getting too excited about trading and easily abandone some basic stuffs then ...
Of course seniors like LW might not need such lines on her charts since she has very good reading PA skill and find this it too much.
I still appreciate Guppy and PAC but it s easier to see PA when less on the chart.
I don't mention about IB as Emman mentioned a few times in his post. I put it on my charts as it is useful for seeing break out and trade toward trend.
I don't mention about winning trades here, because when looking at my snapshot, we all can see it.
What I tried to point out is the choppiness where price sat between 200MA and DOL for us to predict the choppiness before getting in and get stuck there...
Hope I am getting wiser after my wisdom tooth gone
Attached Image (click to enlarge)
Click to Enlarge Name: Winners trades away from 200MA & DOL.png Size: 107 KB
Appreciation is the key to wealth and happiness
  • #52,674
  • Feb 7, 2015 2:07am Feb 7, 2015 2:07am
EA daily has been rejected at 61.8% fib level and has potential for going short if it breaks out of current indicision APB where TDI crossed down. Further comments are welcome to make it clearer...Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: EA D1 view on Sat 7.2.15.png Size: 97 KB
Appreciation is the key to wealth and happiness
  • #52,675
  • Feb 7, 2015 2:25am Feb 7, 2015 2:25am
Quoting longman72
338 pips Scalped today, been without a computer for 2 weeks so good to be back. EURO CAD 56 PIPS EURO JAP 45, EUR AUS 55 EUR GBP 16 pips, GBP AUS 28 EUR USD 48 AUD USD 14 EUR AUS 44, CHF JAP 22 PIPS. Going for a long weekend break so wont be trading tomorrow. Have fun folks and green pipping to all.
Whats your exit criteria? S/R? What about Stoploss? I've been trying to work on the best combination for a scalping method when priced isn't trending in the higher time frames. Seems you.ve got it all together and I would like some pointers. Thanks
  • #52,676
  • Feb 7, 2015 4:35am Feb 7, 2015 4:35am
Ouch Heard they are painful, I still have all of mine . Haven't felt a thing. Hopefully I'll never feel it lol. Sorry for your losses. I myself experienced losses this week. And after going back to reading Big E pdf. I noticed I tried going against what I have learned the last month and That is why I experienced my losses. Going against TDI entering trades on the 4th 5th Candle. etc.. Going back to the beginning and looking forward to a profitable 2nd trading week , Get well soon. the Wheelbarrow are not going to fill themselves hahaha.

Quoting likica
{quote} Thanks for paging GS. I missed Friday trading due to special visit to Dental specialist where they put me asleep not wanting me to see my wisdom taken out. I was not sure if I was still wise after that so decided to have a rest for few days . still able to read tms posts and admire others and your consistent success.. I had big drawdown this week from EA trades. Now looking back at my recent trades seeing me not let my profit running and not cutting my stop loss...(just wanted to share my experience as a failure...
Positive anything is better than negative thinking.- Elbert Hubbard
  • #52,677
  • Feb 7, 2015 8:11am Feb 7, 2015 8:11am
Hi,

I am new here, I started reading from the 1st page but it's too much and as I can see you have changed many things in the strategy it is not like it's explained on the 1st page. Please can you explain me how do you trade this system, which Time frame, TP, SL,..etc?

Thank you very much
  • #52,678
  • Feb 7, 2015 11:08am Feb 7, 2015 11:08am
Here is Eelfranz original system.
Same green/red tdi, apb's, with 5 ema shift 3.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 55 KB
  • #52,679
  • Edited 11:33am Feb 7, 2015 11:10am | Edited 11:33am
Quoting miho
Hi, I am new here, I started reading from the 1st page but it's too much...
Hello miho, welcome. Please start your reading from October 2014. Many questions are answered in that space and you will get caught up to the current TMS discussion.
Quoting miho
...I can see you have changed many things in the strategy it is not like it's explained on the 1st page.
It has evolved some, and there are personal preferences among the current practitioners.
Quoting miho
Please can you explain me how do you trade this system, which Time frame, TP, SL,..etc? Thank you very much
The reading from October will provide the background you need. People trade different time frames and have different approaches to TP / SL. During your review of previous posts, take note of traders whose style and explanations resonate with you.
  • #52,680
  • Feb 7, 2015 11:10am Feb 7, 2015 11:10am
All we want to do is make as much money as possible.
The problem as I see it is counter trend trades...
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