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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

  • #53,801
  • Feb 20, 2015 12:05pm Feb 20, 2015 12:05pm
Quoting lastingwell
{quote} I don't use those currencies at the moment there is no need to with the others being higher. Not s/d box to s/d box, rejection preferably of the s/d box (so with the one I use it turns to light grey when its been hit again) and to roughly the atr lines or 100 pips. There are usually 2 trades a week on each currency that will fill the criteria I set, so its a matter of waiting for the trade and then taking it. And no, I don't use moving averages either anymore.
Lanstingwell,

If you look at my eur/usd chart the only difference is
mine has the pac & your's is without any moving averages.

Other than that, they are the same?

I'm I using the right s/d indicator that you use?

Thanks.

sj
  • #53,802
  • Feb 20, 2015 12:07pm Feb 20, 2015 12:07pm
Sorry I forgot the chart.
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 59 KB
  • #53,803
  • Feb 20, 2015 12:36pm Feb 20, 2015 12:36pm
Emmanuel,

I just had a thought.

Did Eelfranz look at the higher time frame (daily chart) or
did he just trade off of the 4 hour chart without any regard to
the daily chart?

I know he looked at the 1 hour chart for exit's in the N/Y session.
But I can't remember if he ever looked at the daily.

sj
  • #53,804
  • Feb 20, 2015 12:50pm Feb 20, 2015 12:50pm
Lastingwell,

What ATR indicator do You use to keep track of size?

I have scoured the paperclip and don't find
anything that looks like what i think I want to see.

Frank
  • #53,805
  • Feb 20, 2015 12:53pm Feb 20, 2015 12:53pm
Quoting snarlyjack
Emmanuel, I just had a thought. Did Eelfranz look at the higher time frame (daily chart) or did he just trade off of the 4 hour chart without any regard to the daily chart? I know he looked at the 1 hour chart for exit's in the N/Y session. But I can't remember if he ever looked at the daily. sj
I was going to ask a similar question. The only thing I have in the notes I took from his posts were that he said, if he could, he would trade the 1H charts during the London session but his time zone restricts him from doing so without sacrificing sleep. Assuming he was willing to drop down to 1H charts, I'm not too sure he followed the day chart, but he did mention to use common sense when taking trades, which could include following the daily charts.

The reason I'm interested in that is basically because trading the 4 hour candles during the London session hasn't been as profitable for me lately. I check the 4H charts at 1 am (EST) and 5 am (EST). At 1 am the candle is small, thus I'm not usually inclined to take the trade. When I wake up, I find out that the small 1 am candle ran to be a longer candle, with the 5 am candle following. However, by 5 am the 1H charts show that whatever trend there was from 1 am to 5 am is dying out, and taking the trade till 9 am wouldn't be a good decision.

So my question is for those who do trade the 4H candle before and during the London Session, do you check on the dot at 1 am (EST) or is it better to perhaps check at a later time when the candle has time to develop, maybe at 2:00 am or at the LO (3 a.m.). Most of my missed opportunities have been just due to not picking the right times to check charts since I'm obviously not checking charts constantly from 1 a.m. to 5 a.m. Might try checking the 1H/4H around 2-3 a.m. since it seems to be a gold mine.
  • #53,806
  • Feb 20, 2015 2:01pm Feb 20, 2015 2:01pm
Hello everyone,
Just stumbled on this looooooong thread...wondering if these indicators used for this method are available for Ninja Trader?
Thanks
  • #53,807
  • Feb 20, 2015 2:32pm Feb 20, 2015 2:32pm
Quoting snarlyjack
Sorry I forgot the chart. sj {image}
This is what my EU chart looks like, and also the settings I have for the indicator.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 44 KB
Click to Enlarge Name: supdem.png Size: 32 KB
  • #53,808
  • Feb 20, 2015 2:38pm Feb 20, 2015 2:38pm
Quoting Frank0
Lastingwell, What ATR indicator do You use to keep track of size? I have scoured the paperclip and don't find anything that looks like what i think I want to see. Frank
I use this one, I like the way it works. If it reaches the atr in one direction the other direction lines move down/up to take that into account.
Attached File(s)
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 592 downloads
  • #53,809
  • Feb 20, 2015 7:20pm Feb 20, 2015 7:20pm
Quoting snarlyjack
Emmanuel, I just had a thought. Did Eelfranz look at the higher time frame (daily chart) or did he just trade off of the 4 hour chart without any regard to the daily chart? I know he looked at the 1 hour chart for exit's in the N/Y session. But I can't remember if he ever looked at the daily. sj

Hi SJ,

Good question. I did a search using 'daily' as keyword and came up with 82 hits. I read all 82 posts and refreshed my thoughts about the way Eric traded.
Eric checks everything when he trades and especially before he decide to take a reversal trade on APB candle 31 and #2. He checks the Day TDI if it is in the 32/68 region when he sees a setup on lower timeframe H1 and H4. He makes all the checks in very short time when he looks at his trading charts. He check the recent swing highs and recent swing lows to see the support and resistance. He looked at small candles and considered them as consolidation. He is correct as I learned to see the same and verify these swings against the historical swing levels I made on my monthly charts when I trade multiple positions on D chart.

The one thing which I did not agree with Eric is his post#301. I do not trade with single entry and single exit on D chart. I am risk adverse and I prefer to use multiple entries and build up positions in the market. I look at both the pips and the percent return of my equity over a longer time period. Eric did not like giving up too many pips when there is pull back on Day charts (post#302) but I use the pull back and build up positions. That makes a difference.

He recommended those who have day jobs to trade the Day charts. This is a good advice. he would not recommend anyone this if he had not tested this himself.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Eelfranz mentioned Daily.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,810
  • Feb 20, 2015 7:52pm Feb 20, 2015 7:52pm
Quoting Karado58
Hello everyone, Just stumbled on this looooooong thread...wondering if these indicators used for this method are available for Ninja Trader? Thanks
Hi,

Ninja trader has its own build TDI and HeikenAshi candles. These two are the only customs indicators you need to trade TMS 5-Method.
Or you can replicate the TDI using the RSI data and adding moving averages to the RSI data. This way, you will have a realtime version of the TDI based on the RSI.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,811
  • Feb 20, 2015 7:56pm Feb 20, 2015 7:56pm
Quoting TheScorpS
EA tried to go with FO opens , ride it all the way into US session and it worked for +150 pips Congrats on all TMS fellow traders that are working and progressing, keep at it, it takes tremendous time and effort but at the end it becomes simple as in Trading made Simple {image}
TSS,

that's a super trade.
That Day Inside bar Feb18 and the PinBar Feb19 at BRN 1.4700, just too good to miss on day chart.
Someone SMS me but I was out meeting and missed that.

Good trading .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,812
  • Feb 20, 2015 8:06pm Feb 20, 2015 8:06pm
Quoting snarlyjack
Lastingwell, I'm posting up (kinda your set-up) should be pretty close. It looks to me that last night was a very good night! sj {image} {image} {image}

SJ,

here is my piece of ..art work

Attached Image (click to enlarge)
Click to Enlarge Name: SJ EURAUD H4 chart .png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,813
  • Feb 20, 2015 10:33pm Feb 20, 2015 10:33pm
Lots of great posts into TMS since yesterday, the discussion between SJ, Lastingwell, Emmanuel all adds lot of wight to the information we gather a long the way learning all about TMS

Thanks a lot

Ballisticall, that's a great week IMOH, as SJ said, the most important you did was followed ur plan
I Have Learned to Take Some Losses to Make Profits
  • #53,814
  • Feb 20, 2015 10:46pm Feb 20, 2015 10:46pm
Quoting emmanuel7788
{quote} TSS, that's a super trade. That Day Inside bar Feb18 and the PinBar Feb19 at BRN 1.4700, just too good to miss on day chart. Someone SMS me but I was out meeting and missed that. Good trading .
Hi Emmanuel, was entering in the anticipation of following the CD leg on H4 targeting 161.8 extension, but since I was focusing on this trade, I totally forgot that US session loves 161.8 extended moves from LO and often with PCRF rejection on H1, they often than not reverse the trade with good amount of pips
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H4.jpg Size: 326 KB
I Have Learned to Take Some Losses to Make Profits
  • #53,815
  • Feb 20, 2015 11:21pm Feb 20, 2015 11:21pm
Quoting omonisha
{quote} That is an awesome Trade Excellent
Still a lot to do in order to learn your style, your chart have a lot of impacts on how I view trades now, thanks for guiding us
I Have Learned to Take Some Losses to Make Profits
  • #53,816
  • Feb 20, 2015 11:23pm Feb 20, 2015 11:23pm
Quoting cigarguy
{quote} Nice trade.....
I have started scalping since looking at your way of trading with very good success, taking 5 - 10 pips with TMS on lower time frame, I do it tho on the fast track M1

Thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #53,817
  • Edited 2:24am Feb 21, 2015 12:15am | Edited 2:24am
hi lastingwell can you explain how you work with ATR and SUPDEM indicators and how show tdi angelator D1 W1 MN1 like you chart. thank you
  • #53,818
  • Edited 3:36am Feb 21, 2015 3:21am | Edited 3:36am
Next week I'll be trading LO session and I'm so looking forward to it. I didn't had much opportunity to trade LO from past few weeks and as a result my patience was put to test and to be honest I had some big loses under my belt. However, It's all about about picking the right pair and right session and trade patiently and be profitable consistently.

I see lot of new members who joined TMS thread recently are having trouble differentiating between when market is consolidated and when it is trending. I would like to help with the chart below and as we all agreed on using one simple clean template to share our trades, I would like to post a clean template 1st and 2nd template with annotations.

What are the indicators on the chart, Do I need it ?
Its a trading session indicator which most of TMS members use, If you can easily mark your trading session and figure out sessions high low it is not required.

Clean Chart Template
Attached Image (click to enlarge)
Click to Enlarge Name: TMS new clean template.png Size: 132 KB


LO session Chart
Attached Image (click to enlarge)
Click to Enlarge Name: LO box chart for TMS.png Size: 402 KB


Below is lastingwell's quote, part of which is highlighted which emphasize on patience.


Quoting lastingwell
{quote} I don't use those currencies at the moment there is no need to with the others being higher. Not s/d box to s/d box, rejection preferably of the s/d box (so with the one I use it turns to light grey when its been hit again) and to roughly the atr lines or 100 pips. There are usually 2 trades a week on each currency that will fill the criteria I set, so its a matter of waiting for the trade and then taking it. And no, I don't use moving averages either anymore.
Attached File(s)
File Type: ex4 BreakOut_BOX_4_Asia_indicator.ex4   10 KB | 647 downloads

Attached File(s)
File Type: ex4 BreakOut_BOX_4_London_indicator (1).ex4   10 KB | 636 downloads

Attached File(s)
File Type: ex4 BreakOut_BOX_4_NewYork_OpeningRange_indicator (1).ex4   10 KB | 604 downloads


EDIT: One session indicator works on one chart, if you are using London session indicator you won't be able to use other 2 on that same chart. To get the high and low on the box go to--> properties (F8 shortcut key) --> show object description

Kindest Regards
  • #53,819
  • Feb 21, 2015 4:03am Feb 21, 2015 4:03am
Quoting MrAussieFX
Next week I'll be trading LO session and I'm so looking forward to it. I didn't had much opportunity to trade LO from past few weeks and as a result my patience was put to test and to be honest I had some big loses under my belt. However, It's all about about picking the right pair and right session and trade patiently and be profitable consistently. I see lot of new members who joined TMS thread recently are having trouble differentiating between when market is consolidated and when it is trending. I would like to help with the chart below and...
Great post mraussie, thanks alot for the clear explanation, appreciate it!
  • #53,820
  • Feb 21, 2015 4:49am Feb 21, 2015 4:49am
MrAussieFX

This post in a simple clear methodology is explained well here by MrAussie, study it , test it and slowly you gonna progress into what Aussie trying to teach and clear here, as I said, it can be simple but it takes time and works from TMS traders part to make it their own, thanks
I Have Learned to Take Some Losses to Make Profits
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