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Trading Made Simple

  • #52,701
  • Feb 7, 2015 8:09pm Feb 7, 2015 8:09pm
Quoting snarlyjack
{quote} Steadyrandy, I think putting together a document that answers common questions with examples would take hours & hours & hours. I think it is best for people to read. Look at the different charts posted. This whole document is loaded with golden nuggets & secrets from many different posters. From many different points of view. What I think is important you might not like & vice versa. I think the biggest problem is (just my opinion) it takes time to learn how to trade. Most people want to make thousands of dollars, like yesterday & it just...
Hi SJ,

I recently read the DOTS Guppy pdf which said that traders should avoid trading the open of any session because price could spike, only to retrace and go the other way. I know eelfranz traded the LO the minute the candle came out, but I noticed that you trade at 11 p.m. (2 am my time) which is an hour after the LO. Do you do this because you favor a more conservative approach (might miss out on some pips in the first hour, but you minimize getting faked out) or is it just out of convenience that you trade at 11?

Thanks.
  • #52,702
  • Feb 7, 2015 9:55pm Feb 7, 2015 9:55pm
Quoting malaique
Hi SJ, Thanks for your contribution to this thread. On your suggestion I read the the thread from Oct 2014. Lot of information. What is your take on DOTS with Guppy? Also if you can point out the working/latest DOTS version. I tried the v4 it doesn't work (for some odd reason). Thanks again. Regards.
Malaique,

I'm still watching the "Dots system" some of the trades
are right on. Some of the trades the entry's are way off.
So I'm undecided about it...I really like the buy signals
as the apb's are coming out of the pac!

sj
  • #52,703
  • Feb 7, 2015 10:01pm Feb 7, 2015 10:01pm
Quoting firas1980
hi snarlyjack you can explain about atr projection level how it works
Firas,

The easiest way I can explain the atr projection level's is: Their is a
mathematical formula built into the indicator that takes the "average
true range" & mathematically project's a target level to take profits at.
(I do not know the formula) however, I think they are pretty accurate.

I hope this helps you!
sj
  • #52,704
  • Feb 7, 2015 10:20pm Feb 7, 2015 10:20pm
Quoting snarlyjack
I think putting together a document that answers common questions with examples would take hours & hours & hours. I think it is best for people to read.
I agree with both of these points.
Quoting snarlyjack
This whole document is loaded with golden nuggets & secrets from many different posters. From many different points of view. What I think is important you might not like & vice versa.
I just remember going over the first pages of the thread, and then reading from October. It seemed to me that it would have been helpful to have a few more anchor points to speed my reading comprehension and help me discern golden nuggets.
Quoting snarlyjack
I think the biggest problem is (just my opinion) it takes time to learn how to trade. Most people want to make thousands of dollars, like yesterday & it just doesn't work that way. I think a person has to grind it out & do the hard yards. Even if I gave people a great system, most people would not know how to trade it or even what to look for or what questions to ask. It takes time
Just to be clear, I was not trying to get you to commit to creating such a document. I was not even envisioning a full handbook of TMS - that would be immediately stale. Maybe three pages of abbreviated info, like:

  1. The thread is too long to read. Where should I start?
  2. Why doesn't BigE post anymore?
  3. Why are people changing the BigE system when he specifically said not to?
  4. Expectation setting ("hard yards")
  5. Recommended links to basic Forex, Synergy education
  6. TMS history
  7. Typical TMS abbreviations/definitions
  8. TMS Key documents and locations

Even though such a document might take hours to create the first time, revisions would take much less time. If you think there is value in this, I might take a stab at it.

  • #52,705
  • Feb 7, 2015 10:31pm Feb 7, 2015 10:31pm
Quoting steadyrandy
{quote} I agree with both of these points. {quote} I just remember going over the first pages of the thread, and then reading from October. It seemed to me that it would have been helpful to have a few more anchor points to speed my reading comprehension and help me discern golden nuggets. {quote} Just to be clear, I was not trying to get you to commit to creating such a document. I was not even envisioning a full handbook of TMS - that would be immediately stale. Maybe three pages of abbreviated info, like: The thread is too long to read. Where...
Steadyrandy,

I agree with you! If you have the time I think it
would help a lot of people. Go for it
sj
  • #52,706
  • Feb 8, 2015 12:19am Feb 8, 2015 12:19am
Quoting steadyrandy
{quote} I agree with both of these points. {quote} I just remember going over the first pages of the thread, and then reading from October. It seemed to me that it would have been helpful to have a few more anchor points to speed my reading comprehension and help me discern golden nuggets. {quote} Just to be clear, I was not trying to get you to commit to creating such a document. I was not even envisioning a full handbook of TMS - that would be immediately stale. Maybe three pages of abbreviated info, like: The thread is too long to read. Where...

Steadyrandy,

I like your idea and proposal very much. It will take many mandays to get this done and it will take many more hours on weekly basis to maintain the document to keep it up-to-date. I have for my own use, a content reference where I have topics with hyperlinks to post#.

But for all newbies traders and beginners to Trading Made Simple, here what I would suggest you get started with immediately and you will benefit from. You will learn how a simple and elegant trading method had evolved going back to Jun 2008.

regards,
Attached File(s)
File Type: pdf TMS for Beginners.pdf   179 KB | 16,405 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #52,707
  • Feb 8, 2015 1:15am Feb 8, 2015 1:15am
Quoting omonisha
{quote} My Bearish view {image} {image} {image} {image} {image} {image}
Many thanks for your view OS. It made things clearer and specially seeing price created LH...
I also have bearish view on EN as Weekly pin bar was rejected by Guppy, Daily pin was rejected by 200MA where Friday closed with an inside bar, potential short if break out of current Daily APB..., H4 has 6 APBs so far, should we expect a retracement? by to have a small blue APB on H4? then down trend continue...
Pls do not take it as a signal call, I m practising my Weekly/ Daily view for intra day trading....Pls contribute your inputs for all to learn. Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: EN W D H4 view on Sun 8.2.15 (short potential).png Size: 142 KB
Appreciation is the key to wealth and happiness
  • #52,708
  • Feb 8, 2015 1:19am Feb 8, 2015 1:19am
Quoting mch1970
{quote} Great trades Emm - do you use a trade manager for position management / trailing stops, when trading multiple lots? Thanks

Hi mch1970,

I use a trade manager expert advisor which does the position sizing calculation, open and manage trades, calculates the average entry price for all open positions, move trailing stops for all open positions.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #52,709
  • Feb 8, 2015 3:02am Feb 8, 2015 3:02am
Quoting omonisha
{quote} My Bearish view {image} {image} {image} {image} {image} {image}
Thank you Omonisha for good learning material!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #52,710
  • Feb 8, 2015 3:21am Feb 8, 2015 3:21am
Quoting griffinssoul
{quote} Gr8 work everyone ... a gr8 way to end the W1... AN +30pips : got in before news but had to get out (+8pips or there about) then got back in after news... ECad +30pips : this pair was slammed down so i kept an eye on it - got in after news... NJ currently +10pip... set BE ... dont want to take it into weekend... manual close on +18pips... That makes it around 300pips ... finished for the W1 Gr8 trading with you guys and have a nice weekend (post charts later ... am stuffed )
AN +30pips : treating this as a (bounce)1H/H4 but got in at the cross - had to step aside for news
ECad +30pips : this actually was a bounce on the 1H but waiting after news...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
Click to Enlarge Name: Image2.png Size: 37 KB
  • #52,711
  • Feb 8, 2015 3:42am Feb 8, 2015 3:42am
Quoting mordin
{quote} 300 pips in a week, awesome I can make those pips.. in red! Looking forward to see your charts, and if you could, some explanation please, to see if I can learn more. Thanks, to everyone.
i practiced the entries - set & drill - over and over ... and then some... used the simulator (see MrA's post, watched his videos)... focused on this task - read Big Es comments on this - was advised by LW to do this

set & drill: setup-trade-repeat: i forgot about everything else... i dealt with that later...
  • #52,712
  • Feb 8, 2015 3:52am Feb 8, 2015 3:52am
Quoting TheScorpS
{quote} Nice trades nods, good finish for the week , , griffinsoul, you are doing it over an over again, nice to see consistency and only show how discipline u r as a trader
Hey TSS, i think consistency is the key... the idea is to step aside from situations that are considered risky and of low probability of success (the exact meaning of this may well vary from trader to trader). So more often than not you will not win 'big' but you will not lose big either... i can see how this would not be appealing to some traders
  • #52,713
  • Feb 8, 2015 3:56am Feb 8, 2015 3:56am
Quoting Next4467
{quote} Hi lastingwell I know its a bit after the fact but what a great gold nugget I somehow missed before, thank you.
Absolutely!!! Next4467 well spotted - we need more observations like this ... the thread has been missing out from LWs absence ...
  • #52,714
  • Feb 8, 2015 4:00am Feb 8, 2015 4:00am
Quoting lastingwell
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. {image} {image}
Wow...

Cool...

Par-ty!!!
  • #52,715
  • Feb 8, 2015 5:09am Feb 8, 2015 5:09am
Quoting omonisha
{quote} My Bearish view {image} {image} {image} {image} {image} {image}

Hi omonisha,

Thanks for this top quality post and sharing.

I like your clean charts and the simple yet detailed remarks written on your charts.
This type of quality post which is of value to all traders and definitely worth spending time to read and learn from.

That weekly pin bar is too obvious and will draw many attention to traders next week. The pin-bar high is a swing high and is not confirm. The weekly still looks bullish with narrowing volatility. The BRN 1.4500 is where we should be look at the price action to see if we really have a sell swing trade next week. The average weekly traded range is between 300 and 330 pips. Also we must take note of the Monthly made a swing high and swing low, this may cause this pair to go sideways wide range.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #52,716
  • Feb 8, 2015 5:10am Feb 8, 2015 5:10am
Quoting Claudiofx
Good evening, I'm new to Forex, searching the internet I found this site with this method seems to me very interesting. I wonder if anyone can help me? Thank you very much.
Claudiofx,

I wish I'd have found the TMS thread as early on as you as its a great place to learn.

First though, its well worth going over to Babypips.com and taking their online school to pick up the basics of FX trading. Once you're confident on all the material in their online school you'll be much better prepared to learn TMS. A lot of the traders in here (myself included) followed this path.

Best of luck!

Ballistical
Focus on the process and the profits will follow
  • #52,717
  • Feb 8, 2015 5:14am Feb 8, 2015 5:14am
Quoting griffinssoul
{quote} Gr8 work everyone ... a gr8 way to end the W1... AN +30pips : got in before news but had to get out (+8pips or there about) then got back in after news... ECad +30pips : this pair was slammed down so i kept an eye on it - got in after news... NJ currently +10pip... set BE ... dont want to take it into weekend... manual close on +18pips... That makes it around 300pips ... finished for the W1 Gr8 trading with you guys and have a nice weekend (post charts later ... am stuffed )
GS,

Excellent results once again!

Are these primarily H1 trades? Also, how many pairs are you watching?

Keep up the good work

Ballistical
Focus on the process and the profits will follow
  • #52,718
  • Edited 6:16am Feb 8, 2015 5:14am | Edited 6:16am
Quoting likica
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. {image}
likica, i cannot put into words how much i respect you as a trader - i have seen you do amazing things that seem just unrepeatable... even a professional trader confessed that a whole room full of full time traders could not keep up with your pace. We all lose our trading mojo now and again - such is trading and the market. You are doing the right things - 'reset' - push the reset button and start over, back to basics, set & drill...

Big O is spot on with the PA. EA at a kind of cross road (on the W1 it is in a corrective phase). We had a (3-wave) corrective move up and may be one down but we need a lower high to show itself - this has a two broad paths (see chart). We need to see what happens next couple of D1 to try and guess where to next. Long wicks make me look

(This chart is either a piece of amazing analysis or psychedelic induced doodling )
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 52 KB
  • #52,719
  • Feb 8, 2015 5:19am Feb 8, 2015 5:19am
Quoting birdnest
{quote} Dear Emman, As I was looking through the historical H1 charts (in accordance to the D chart trends), not all the patterns have a pullback/retracement signal to continue on with the trend, and I see many traders also trade the breakout strategy. But how do we identify the right breakout strategy or this strategy is only applicable to ranging markets per se?

Hi birdnest,

Do you have the Day Open Line on you H1 chart?
That will help you see the D1 chart Open and Close of the previous days much easier.
It is simple, when you see the previous day close bullish, you observe where the Close level is and the new day Open level.
The high probability trade is to trade the continuation of the previous Day bullish candle, i.e. is why we must buy or trade away from the new Day Open and pay attention to where the previous day high is. That previous day high can play a resistance so look at the price bars and the APB candles. Look carefully at the APB candles if they have small bodies and long wicks, avoid trading when the APB have small bodies and long wicks.
exactly what eelfranz taught us, look left to see if there is support and resistance nearby and recent swing highs and lows.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #52,720
  • Feb 8, 2015 5:20am Feb 8, 2015 5:20am
Quoting snarlyjack
{quote} Ballistical, I have two ideas. If you read through all of Big E posts, he went through Compass Fx as a introducing broker to represent him in cases like this. Introducing brokers are the go between you & your actual broker. (*** I do NOT represent Compass Fx nor have I ever used them***). Just a idea... The second thought I had, was if you watch more pairs you will be able to "cherry pick" the trades you take & the pairs you trade. Just a idea... Keep trucking into next week & keep trading & learning... Your doing great! sj
Thanks SJ,

Yes, I remember from reading through Big E's posts that he used an introducing broker. I believe he also said that this had helped him in the past when he had experienced issues with his broker's server. I'll certainly look into this possibility.

The idea of cherry picking trades would not have saved me from the "Server Error" but is certainly something I will be looking at once I'm fully comfortable trading EA.

Thanks again for the response!

Ballistical
Focus on the process and the profits will follow
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