Trading Made Simple | Page 2671 | 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

  • #53,401
  • Feb 16, 2015 4:58am Feb 16, 2015 4:58am
Quoting shay14
i've noticed a lot of you guys don't use the levels when using TDI, but i been using strong crosses above 50 to go long and strong crosses below 50 to go short, works a treat
Could you post a chart to show the trade please ?
every Saint has a past. Every Sinner has a Future
  • #53,402
  • Feb 16, 2015 5:04am Feb 16, 2015 5:04am
Quoting MrAussieFX
{quote} Tollazor, your chart is very strong and hard on eyes. I've picked the same time on my EJ chart and I believe it may reflect a little on your question. {image} Kindest Regards
Sideways action -do your indicators help to identify, early, the sideways action shown. Or do you have to identify sideways action by being kicked out of consecutive long and shorts before realising market may be in sideways mode?
every Saint has a past. Every Sinner has a Future
  • #53,403
  • Feb 16, 2015 5:06am Feb 16, 2015 5:06am
GU, I wasn't watching was busy with EU, but hope some got some nice green pips on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM5.png Size: 79 KB
Keep It Simple
  • #53,404
  • Edited 5:46am Feb 16, 2015 5:10am | Edited 5:46am
Quoting turnip15
{quote} Sideways action -do your indicators help to identify, early, the sideways action shown. Or do you have to identify sideways action by being kicked out of consecutive long and shorts before realising market may be in sideways mode?
Can you identify ranging ( sideways/consilidation) here? This is where the GMMA's can be of help as good visual becoming tight with no spreading of EMA's especially for new traders....as seen in pic, usually soon after tight EMA's a good move in either direction can be expected..and that is exactly what happened and notice TDI ranging around 50 line. EMA's then open/spread as PA heads up with TDI conformation offering great visual of beginning trend, either short or long term. (Sorry if it sounds too basic, but thought might help some new traders)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM5.png Size: 107 KB
Keep It Simple
  • #53,405
  • Feb 16, 2015 5:36am Feb 16, 2015 5:36am
Quoting cigarguy
GU, I wasn't watching was busy with EU, but hope some got some nice green pips on this one. {image}
Today is the day i become someone !

Clear tms cross, good angle, break of FO candle, targeted 40 pips due to monday and low ADR pair.
Hit.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroH1.png Size: 41 KB
  • #53,406
  • Edited 5:53am Feb 16, 2015 5:39am | Edited 5:53am
Quoting Vladbold
{quote} Today is the day i become someone ! Clear tms cross, good angle, break of FO candle, targeted 40 pips due to monday and low ADR pair. Hit. {image}
Good Job. Happy to see you caught this one........ I missed this good one as busy with my EU little 8 pip scalp trade and posting.........
Keep It Simple
  • #53,407
  • Feb 16, 2015 5:56am Feb 16, 2015 5:56am
Quoting cigarguy
GU, I wasn't watching was busy with EU, but hope some got some nice green pips on this one. {image}
32 pips floating atm. Trailed SL to 20 pips. It's triggering at Previous Daily low and Quarter Number, patiently waiting to see if it breaks.

Also have an EU short floating -7pips since LO.

Cigraguy, I'm really interested in your scalping method. Would you mind if I Pm you with regards to this. Thanks.
  • #53,408
  • Feb 16, 2015 5:57am Feb 16, 2015 5:57am
Quoting Shadownet
{quote} 32 pips floating atm. Trailed SL to 20 pips. It's triggering at Previous Daily low and Quarter Number, patiently waiting to see if it breaks. Also have an EU short floating -7pips since LO. Cigraguy, I'm really interested in your scalping method. Would you mind if I Pm you with regards to this. Thanks.
Sure NP. Going to be away awhile, but will answer ASAP
Keep It Simple
  • #53,409
  • Feb 16, 2015 6:00am Feb 16, 2015 6:00am
Quoting Vladbold
{quote} Today is the day i become someone ! Clear tms cross, good angle, break of FO candle, targeted 40 pips due to monday and low ADR pair. Hit. {image}
Wow Vladblold, perfect entry. I entered a bit late. Can I ask if you can provide or use Price level alerts? I'm new-ish to MT4 (was using FXCM Trading Station before) and it would be handy to have one whilst analysing other pairs. I'm not sure which is a good price level alert indicator. Thanks.
  • #53,410
  • Feb 16, 2015 6:06am Feb 16, 2015 6:06am
Quoting cigarguy
{quote} Good Job. Happy to see you caught this one........ I missed this good one as busy with my EU little 8 pip scalp trade and posting.........
Thank you!

Shadownet, i have no such thing.. i was actually watching Pa at that time.

No price level alerts, i'm not even sure how those work. I just watch very few pairs : E/u and G/u, which i seldom trade, due to low adr, and E/a , G/a and G/j. I'm a fan of watching few pairs and learning how they "sing". Sorry i can't help !
  • #53,411
  • Feb 16, 2015 6:21am Feb 16, 2015 6:21am
Quoting cigarguy
{quote} Can you identify ranging ( sideways/consilidation) here? This is where the GMMA's can be of help as good visual becoming tight with no spreading of EMA's especially for new traders....as seen in pic, usually soon after tight EMA's a good move in either direction can be expected..and that is exactly what happened and notice TDI ranging around 50 line. EMA's then open/spread as PA heads up with TDI conformation offering great visual of beginning trend, either short or long term. (Sorry if it sounds too basic, but thought might help some new...
The trouble I'm having at the moment is when you see the ranging market like that, you know it is building a cause to move, however it isn't until after the initial move that you know something is happening. However I also often get faked out by that. So I don't understand how you guys differentiate a fake out from a break out. As the TDI will great, with a strong candle or two, breaking above/below R/S and still be a fake out.
  • #53,412
  • Feb 16, 2015 6:22am Feb 16, 2015 6:22am
Quoting Vladbold
{quote} Thank you! Shadownet, i have no such thing.. i was actually watching Pa at that time. No price level alerts, i'm not even sure how those work. I just watch very few pairs : E/u and G/u, which i seldom trade, due to low adr, and E/a , G/a and G/j. I'm a fan of watching few pairs and learning how they "sing". Sorry i can't help !
Vladbold,

That is smart and a trap that most new traders fall into watching too many pairs afraid to miss a trade instead of watching just a couple and learn the PA well. I can say this because that is exactly what I did years ago when I began trading.......
Keep It Simple
  • #53,413
  • Feb 16, 2015 6:33am Feb 16, 2015 6:33am
Quoting cigarguy
{quote} Vladbold, That is smart and a trap that most new traders fall into watching too many pairs afraid to miss a trade instead of watching just a couple and learn the PA well. I can say this because that is exactly what I did years ago when I began trading.......
Hehe, you're so right.

3 months ago i was watching U/J, A/U, G/N, E/N...all these pairs, had like 12 open.
Now i just have 5 and trade 3.

A lot less stress, i have to say. Not constantly looking for a fortune where there is none.
Much road ahead!
  • #53,414
  • Feb 16, 2015 6:34am Feb 16, 2015 6:34am
Quoting Tollazor
{quote} The trouble I'm having at the moment is when you see the ranging market like that, you know it is building a cause to move, however it isn't until after the initial move that you know something is happening. However I also often get faked out by that. So I don't understand how you guys differentiate a fake out from a break out. As the TDI will great, with a strong candle or two, breaking above/below R/S and still be a fake out.
Tollazor,

Although I am a scalper on the lower t/f's, I also look at the high t/f's, ie., H1 and H4 watching PASR (giving special attention to key levels and BRN's) From experience with many hours of screen time, you can see where the MM's (Banks aka big money) are stop hunting and accumulating, usually around one of those key levels and will make a run from there. Which way will it go? nobody knows for sure and personally I don't care and only follow the PA looking for entries and exits at key levels. Just my style....sorry I am not a good teacher as some here only a trader!
Keep It Simple
  • #53,415
  • Feb 16, 2015 6:55am Feb 16, 2015 6:55am
Hi all

Here's a live trade posted a minute ago on UJ 4hr chart with reasons for my advanced preliminary entry highlighted. Additional entries may follow once/if the TDI actually crosses...we will have to wait and see.

LL

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 23 KB
  • #53,416
  • Feb 16, 2015 7:06am Feb 16, 2015 7:06am
It is possible can one make EA for this strategy.
thanks
  • #53,417
  • Feb 16, 2015 7:09am Feb 16, 2015 7:09am
Quoting cigarguy
GU, I wasn't watching was busy with EU, but hope some got some nice green pips on this one. {image}
Hi..can you please share your template with Indies? Your chart looks pretty clear for me.. :nerd:
You just got to have the Bad Days, so you can Love the Good Days even more!
  • #53,418
  • Feb 16, 2015 7:17am Feb 16, 2015 7:17am
Good morning everyone,

I'm on my way to the funeral home but I wanted to post
the gbp/usd chart real fast.
Good thing I didn't take the trade, as you can see, it broke down.
It never gave off a long signal. It didn't break the s/r lines.
(You need to wait until after the new bar opens).
Tonight is a new night & we'll look for the perfect
set-up, so everyone can see it.

ps...I need to get through the today then things will
be back to normal.

Thanks everyone!
sj
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 72 KB
  • #53,419
  • Feb 16, 2015 7:55am Feb 16, 2015 7:55am
Quoting StefyRox
{quote} Hi..can you please share your template with Indies? Your chart looks pretty clear for me.. :nerd:
StefyRox,

Sorry I can't do. My charts are comprised of indicators that I have accumulated from other systems as well as TMS through the years and made them to accommodate my scalping style. If you PM I can give you a heads up of some threads were you can do the same but will not mention here......
Keep It Simple
  • #53,420
  • Feb 16, 2015 8:00am Feb 16, 2015 8:00am
Quoting turnip15
{quote} Sideways action -do your indicators help to identify, early, the sideways action shown. Or do you have to identify sideways action by being kicked out of consecutive long and shorts before realising market may be in sideways mode?
Pointless to rely on indis to tell you that... It's hard to tell at first, but generally the first two candles can be very indicative of what the foreseable future can bring. The reason market goes sideways is to form a proverbial rock and a hard place for retailers to get trapped and lose money by the big boys. In other conditions I'd say it's due to a "consensus" where both parties (bulls and bears) agree on the price and neither of them sees it too high or too cheap, but this game hasn't been about that kind of stuff for years now... It's all (not very) innovative methods of entrappment and bleeding us out progressively. That being said, after a large move in one direction, don't expect price to keep on rallying or tumbling down with the same strength. I am very reticent to trade a market that has rallied seriously after a HIN release or breaking news of any type...
165 traders viewing now, 1 is registered:
bakora