Trading Made Simple | Page 2669 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #53,361
  • Feb 15, 2015 5:12pm Feb 15, 2015 5:12pm
Quoting Phx62
EA H1 trades this week including breaks of trend lines at or near LO. Trade 1. Price broke short below trend line with TDI confirmation. Entry made on a break below the Frankfurt candle and on the 3rd candle. Still within the rules of TMS and my trading plan because candle 2 did not count (no body). Trade 2. Price broke long at LO with TDI confirmation and also broke the 3 touch trend line. Entry above high of Frankfurt candle. Trade 3. Again, price broke long at LO with TDI confirmation and a break of the 4 touch trend line. Entry above high of...
Hello PHX62,

I was wondering whether you could provide your APB candle indicator. As in your chart on Thursday 1PM GMT your blue news candle is vastly different to Ballistical candle (and also mine which is the same as Ballisticals). I wonder if the seniors can kindly answer, since PHX62 managed to get his +50pip trade from that candle, if Ballistical and I had taken the same trade on Thursday after LO, would we have to managed to hit the +50 pip tp then or instead later in the day at 4PM GMT? Is it due to the APB indicator or broker?

If I remember correctly this is the second time where PHX62's candle was different to ours during news time I think (was it Likica and Emmanuel I'm not sure).

Thank you in advance.
  • #53,362
  • Feb 15, 2015 5:17pm Feb 15, 2015 5:17pm
Quoting lca
he was told not to post live trades with the reason why he took the trades because it can be perceived as giving advice/recommendation.
Never heard of such a case before.

Virtually every trading forum on the Internet (stocks, futures or Forex) has a section called "Trading Journal", where traders can freely post live or delayed calls (with or without charts or explanations it does not matter), see for yourself here: http://www.forexfactory.com/forumdisplay.php?f=49

Also keep in mind that a real investment adviser receives compensation (in cash or other form) on a regular basis, which is clearly not the case here in his forum and others.

Cordially.
Each losing trade is an opportunity to learn
  • #53,363
  • Feb 15, 2015 5:19pm Feb 15, 2015 5:19pm
Quoting mordin
{quote} likica, may I ask what is your approach on setting the TPs? On my charts I have the daily, weekly and monthly S/R levels, and I usually use those as TP. When a level is too far I place a fib of the last swing. I still don't scale out positions, but I think it is time to begin doing it. Besides that, I'm interested in other people TP strategies, as I always feel I left some pips on the market! Thank you very much to everyone!
Good morning from Mel,

Mordin, I do not have fixed PTs, but most of the time my PT set a few pips away from last swing low (for short)/swing high (for long), or I use ATR(7) X 1.5 or x 2.0.

I have been trading for a while and still find new things to learn every week in trading, and most of them are about psychology. One of quote from a trader on ff I agreed totally is trading is like playing an music instrument, basics can be taught but to be good and really good at it only coming within you....

Just sharing this...
I had taught and mentored a few people learning to trade , as they came from different levels, different background...their perceptions and actions were so different from each other and of course their results came out different too.

There are 3 types I had : the 1st type who have positive attitudes still failed here and there but have been making good progress while the 2nd one too busy blaming the market/ their conditions ... quit, and the 3rd type is 'the trying hard' and 'trying to take in every single thing they have learnt' but not have the gut to play live trades... is the one that I quit . I was disappointed as I thought I did not do a good job at my end then realized after having a number of talk to my coach I had to move on by saying that trading like running a business which is not for everyone...

By the way, since I read recent posts here, both newbies and not so newbies appreciated others for their contributes time/knowledge/efforts, while others trying to keep this thread in peace and special thanks to SJ for his great attitudes that s one of reasons that have kept me here and still posting to share and hope to help others who needed what I could and when I could...until now.

By now, some of you knew my trading style and hopefully got a piece of it, if the thread is getting too large to the point that appreciation is no longer have place here, I should consider stop posting.
With my very best regards and appreciations to you all.
L
Appreciation is the key to wealth and happiness
  • #53,364
  • Feb 15, 2015 5:35pm Feb 15, 2015 5:35pm
Quoting likica
{quote} ...others trying to keep this thread in peace and special thanks to SJ for his great attitudes that s one of reasons that have kept me here and still posting to share and hope to help others who needed what I could and when I could...until now.
I hope you aren't thinking about leaving! I agree wholeheartedly that SJ helps keep the thread in balance day in and day out. And so do you!
  • #53,365
  • Feb 15, 2015 5:36pm Feb 15, 2015 5:36pm
Quoting lca
{quote} It is a gray area which the NFA or some other regulatory body has been quietly cleaning up. I know a trader who was "warned" about posting live trades on a public forum. Not going to mention any names or which forum, it is not FF by the way, but he was told not to post live trades with the reason why he took the trades because it can be perceived as giving advice/recommendation. However if he post his trades 15 to 30 minutes after the fact he was not giving advice but an opinion with his reason. But because it is not real time it can not...
well said,thank you for the explanation
  • #53,366
  • Edited Feb 16, 2015 2:37am Feb 15, 2015 5:53pm | Edited Feb 16, 2015 2:37am
Quoting likica
{quote} Good morning from Mel, Mordin, I do not have fixed PTs, but most of the time my PT set a few pips away from last swing low (for short)/swing high (for long), or I use ATR(7) X 1.5 or x 2.0. I have been trading for a while and still find new things to learn every week in trading, and most of them are about psychology. One of quote from a trader on ff I agreed totally is trading is like playing an music instrument, basics can be taught but to be good and really good at it only coming within you.... Just sharing this... I had taught and mentored...
Oh no, I'm sorry you feel that way Likica. I personally am very grateful and appreciate of all the senior's posts. To name a few, you, PHX62, Emmanuel, Snarlyjack, Lastingwell, TheScorpS, Ballistical, Vladblod, griffinsoul, skknight, cigarguy, and mraussiefx. Some people don't realise how lucky they are until it's gone.

I keep on learning a lot from your charts and analysis, as well as reflections on your past trades. I think every trader eventually finds their own trading style to suit their personality and lifestyle. I myself only take pieces that suits me, and have developed trading it into my own way with TMS at its core.

Personally I don't know why there is so much negativity. In the end it's peoples choice to read/ignore which posts they want to see, and it's completely uncalled for to "demand/accuse" things from other traders since they already have voluntarilty given up their time without asking for any monetary compensation in return. It's a shame that people think the world owes them something, rather than grinding hard themselves to find out what suits them best and what they're capable of.

I'd just like to point out my appreciation for the seniors, who has drastically shorten my learning curve and helped me in ways that I will never be able to repay. Such as how Emmanuel pointed out that the H1 TDI red = H4 TDI green and the H1 yellow MBL = H4 TDI red. It's these little tips and tricks that collectively build up to a vast knowledge of TMS trading. I hope you can find it in you the strength to ignore the negativity, and continue helping those that are willing to put the work in learn to trade.

Hopefully if any of you are free, you could kindly post charts as soon as you do take trades, so we could all learn more on better setups to look for whilst trading. Thank you in advance.

PS. I hope the funeral goes well Snarlyjack. Again, sorry for your loss.
  • #53,367
  • Feb 15, 2015 6:31pm Feb 15, 2015 6:31pm
Quoting snarlyjack
Rj, Your not helping the situation! Personally, I have learned a lot from Emmanuel! Every suggestion that he & others make I apply to my charts & see what I think about their suggestion. Then I adjust my charts accordingly. I have posted winning trades & losing trades. But imho this is not a call service where I show all of my trades & call the market for everyone. It is not important to me if people show their results. What is important is how the method looks on my charts. Here is the bottom line...it takes time to learn how to trade & get profitable....
I beg to differ. I'm not here to be negative or to cause trouble, I'm simply asking for some transparency to let the newcomers to FX trading (and TMS) know that they are in good company and are following people with a proven skill set.

You say you "have posted winning and losing trades"...yet the last trade you posted was in October 2013 (http://www.forexfactory.com/showthre...40#post7015240). Since then you have posted lots of pictures of charts, but no trades.

Further no one is asking you, or anyone else to post "all of your trades & call the market for everyone".......but I think that it's quite reasonable to ask for a live trade to be shown once in a while. It makes no difference whether the trade is a winner or a loser, it's a vehicle from which people can learn if it's made in real time.....do you not agree?

The "bottom line" is actually this.....TMS is indeed a good method and pretty much everything that can be said about the system has been said, ad nausium. Now it's time to front up and show the system in action in real time. As you correctly said, no system is 100%....so there are no expectations that any live trades shown should necessarily be winners....just that they are live to demonstrate the system, warts and all, as well as the skill of the poster who is the 'teacher'.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #53,368
  • Feb 15, 2015 7:00pm Feb 15, 2015 7:00pm
It seems to me, from my newbie perspective, that the actual trading system isn't that important. The major discussed ones work enough at least. From my fumbling in the dark I'm starting to come to the conclusion that the exit strategy is probably the most important step (if you had to list importance) of a trade. I wonder to myself, do so many new traders make life very difficult for themselves because they are learning to trade backwards? That is learning entry techniques ad nauseam and only later learning exit techniques (if they last that long).
Perhaps it would be a quicker process to instead learn to trade 'backwards'. So, assume you have entered the market at a random point and learn various exit techniques that you could employ at that moment. Of course, as I understand, the exit strategy should be done at the same time as the entry strategy in a well rounded trade. However from a newbie as myself, looking at parts of a trade, perhaps I should focus first on the 'end' part.

I notice I exit trades far too easily and missout on larger moves, the required moves to actually keep a solid profit instead of skirting BE/loss.
  • #53,369
  • Feb 15, 2015 7:12pm Feb 15, 2015 7:12pm
Quoting realjumper
{quote} I beg to differ. I'm not here to be negative or to cause trouble, I'm simply asking for some transparency to let the newcomers to FX trading (and TMS) know that they are in good company and are following people with a proven skill set. You say you "have posted winning and losing trades"...yet the last trade you posted was in October 2013 (http://www.forexfactory.com/showthre...40#post7015240). Since then you have posted lots of pictures of charts, but no trades. Further no one is asking you, or anyone else to post "all...
Rj,

Ok...fair enough.
I like the gbp/usd chart. I can see the set-up & my last 4 hour candle
before the L/O I'll take the trade & post it so everyone can see it.
(That is 11:00 p.m. my local time). I think the gpb/usd has further
room to run on the long side.
sj
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 63 KB
Click to Enlarge Name: GBPUSDH4.png Size: 75 KB
Click to Enlarge Name: GBPUSDH1.png Size: 70 KB
  • #53,370
  • Feb 15, 2015 7:35pm Feb 15, 2015 7:35pm
Thanks for your input SJ. I feel bad that there is so much negativity on these forums. People should be under no obligation to share their charts, and members like Snarly give up their time and energy freely. It's a free forum, not a paid service. Obviously we all have our own trading styles and way of looking at things, so what SJ sees is going to be different to what others see. Unfortunately, this thread had become a many-legged creature, which is confusing to newbies, and unless we all decide on one definitive set of indicators and entry/exit points as was the original intention of this thread, then confusion and doubt will reign supreme. It's a pity that the original spirit of the thread is in danger of being lost... You rock, Snarly Jack. I always smile when I read your words of wisdom...
  • #53,371
  • Feb 15, 2015 7:38pm Feb 15, 2015 7:38pm
hi trader i want to share Average Daily Range Pro Calculator with weekly levels to help us to trading better
Attached File(s)
File Type: ex4 Average Daily Range Pro Calculator.ex4   62 KB | 390 downloads
File Type: mq4 Average Daily Range Pro Calculator.mq4   27 KB | 463 downloads
  • #53,372
  • Feb 15, 2015 8:07pm Feb 15, 2015 8:07pm
hi all!

Speaking of newbies , I am coming back to this thread ad TMS method after very long break. I am familiar with the main principles of this method, but after such a long break would REALLY appreciate if somebody can point me to the post(s) with the most recent rules and indis being used. Over 2600 pages of this thread will take months just to view
Thanks a lot in advance!
  • #53,373
  • Feb 15, 2015 8:32pm Feb 15, 2015 8:32pm
this is a free public forum and there's no obligation for anyone to post their view and opinion, I owed my credit to Emm, SJ, likica and all the senior out there, without you all, i am not possible to achieve the result i had now, my sincere appreciation to all the senior who never gave up in posting and teaching us newbie here. You guys make the world a better place to live in!

We can't avoid all those negativity from coming in, people get jealous of your achievement and everyone who respect you, well, there's always negativity in every achievement people achieve, just don't let it get you down, you guys are simply awesome and hope to see you guys posting in long term!
  • #53,374
  • Feb 15, 2015 8:48pm Feb 15, 2015 8:48pm
Opps.

I didn't mean to start any thread bashing, I just wanted to see some successful people post their fails.
  • #53,375
  • Feb 15, 2015 8:52pm Feb 15, 2015 8:52pm
Quoting Glebus
hi all! Speaking of newbies , I am coming back to this thread ad TMS method after very long break. I am familiar with the main principles of this method, but after such a long break would REALLY appreciate if somebody can point me to the post(s) with the most recent rules and indis being used. Over 2600 pages of this thread will take months just to view Thanks a lot in advance!
Same core rules apply and haven't changed. There's so many people posting different indicators on their charts its hard to say which one for you to use in addition to the TDI and Synergy candles. It's really up to you to decide what works best for you, but the core method is the same. Don't know if thats what you wanted to hear, but it really is up to what works for you. I use just Synergy pro apb, synergy pro tdi, p4l clock, FFcal Alerts always.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-02-15 at 8.48.45 PM.png Size: 103 KB
  • #53,376
  • Feb 15, 2015 10:39pm Feb 15, 2015 10:39pm
Quoting Shadownet
{quote} Hello PHX62, I was wondering whether you could provide your APB candle indicator. As in your chart on Thursday 1PM GMT your blue news candle is vastly different to Ballistical candle (and also mine which is the same as Ballisticals). I wonder if the seniors can kindly answer, since PHX62 managed to get his +50pip trade from that candle, if Ballistical and I had taken the same trade on Thursday after LO, would we have to managed to hit the +50 pip tp then or instead later in the day at 4PM GMT? Is it due to the APB indicator or broker? If...
I use the Synergy_APB indicator downloaded from Compass several years ago and my broker isFXCM. I don't know why the candles would be different unless it is the broker or the time difference.
  • #53,377
  • Feb 15, 2015 11:49pm Feb 15, 2015 11:49pm
Quoting lca
{quote} ---------------------------------------------------------------------------------------------------------------------------------------- Someone correct me if I am wrong. But I do not think you should post live charts as it will be seen as giving investment advice or recommendation. And unless your are licensed to do this it would not be wise to do this. im sure SJ or any other FF member would not like to be issued some kind of notice from some regulatory agency explaining why they are giving investment advice while not licenced to do so....
Hi Ica,

I do not agree with your over conservative approach. If there is any issue in eyes of NFA or other regulatory agencies first they will contact FF admin and will advice them to take corrective action. So long here members are posting trades without any consideration from other members. no direct threat from any Agency.

Now look at other sites which provides signals/ copy trades from other traders are these traders licensed " NO". Millions of Dollar amount being followed on these sites.

I request all traders to keep continue posting their trades without any threat. NFA knows their business very well If such posting is violation of any rules they will ask FF to stop facilitating such posting.


so please keep going..............

MKFX
  • #53,378
  • Feb 16, 2015 12:10am Feb 16, 2015 12:10am
Quoting likica
{quote} Good morning from Mel, Mordin, I do not have fixed PTs, but most of the time my PT set a few pips away from last swing low (for short)/swing high (for long), or I use ATR(7) X 1.5 or x 2.0. I have been trading for a while and still find new things to learn every week in trading, and most of them are about psychology. One of quote from a trader on ff I agreed totally is trading is like playing an music instrument, basics can be taught but to be good and really good at it only coming within you.... Just sharing this... I had taught and mentored...
Man, please, for the love of God, don't stop posting.

The main reason there is negativity, whether it has good reasons to exist or not, is that too many people just talk and don't post actual charts. You, along with a handful of other people, are people everyone can learn from. I for one have learned so much from the people actually posting charts, since i've tried to copy a lot of you, only to find that i need to get my own TP's in order, and my own thing. But it's a thrill for me to trade one day, not browse FF all day, and come to see that 5 (!) other TMS traders took the same trade, with the same entry, and vaguely the same TP.

If there weren't people like you that post charts and trades, others couldn't learn a thing. That's why we're all grateful to Phx62, even if he doesn't participate actively in debates anymore, he's still here posting trades week in week out. Just like a lot of others.

Rock on and green pips !
  • #53,379
  • Feb 16, 2015 12:38am Feb 16, 2015 12:38am
Hello everyone,

Here is the trade I'm looking at.
The gbp/usd chart, I'd like to see price
go above the s/r line then take the trade.
Here is the 1 hour chart & I'll post another when
I actually take the trade.
This is exactly what my set-up looks like.
sj
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 70 KB
  • #53,380
  • Feb 16, 2015 12:52am Feb 16, 2015 12:52am
Quoting Shadownet
{quote} Hello PHX62, I was wondering whether you could provide your APB candle indicator. As in your chart on Thursday 1PM GMT your blue news candle is vastly different to Ballistical candle (and also mine which is the same as Ballisticals). I wonder if the seniors can kindly answer, since PHX62 managed to get his +50pip trade from that candle, if Ballistical and I had taken the same trade on Thursday after LO, would we have to managed to hit the +50 pip tp then or instead later in the day at 4PM GMT? Is it due to the APB indicator or broker? If...
phx62 is on a live fxcm account, that is the reason for the difference, it spikes a whole lot more than any other broker, that can either be good or bad depending on which way you're trading, thats why I stopped using them.
566 traders viewing now