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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

  • #53,821
  • Feb 21, 2015 10:50am Feb 21, 2015 10:50am
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...
Brilliant MrAussieFX, I've printed off and stuck it on the wall next to my screen a reminder
Ray
  • #53,822
  • Feb 21, 2015 12:28pm Feb 21, 2015 12:28pm
GBPAUD
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GA_4.png Size: 77 KB
Sad i'm not trying to understand PA
  • #53,823
  • Feb 21, 2015 1:49pm Feb 21, 2015 1:49pm
Quoting omonisha
GBPAUD {image} {image} {image} {image}
Thank you Omonisha for your lovely and intuitive top-down analysis. Now i can see your logic behind your tradings.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #53,824
  • Feb 21, 2015 4:08pm Feb 21, 2015 4:08pm
NO. III
CONSIDER
Trading Long when Green line is > 50.
Short when Green line is < 50.
Trading Long when Green line is > Red line.
Short when Green line is < Red line.
Trading Long when Green line is > Yellow line.
Short when Green line is < Yellow line.
Trading Long when Green line is > Red line and Yellow line.
Short when Green line is < Red line and Yellow line.
Trading Long when Green line is > Red line and Yellow line and 50% line.
Short when Green line is < Red line and Yellow line and 50% line.
(from aggressive to conservative. pick your poison hecliffe)

Trade away from: Daily Open and PAC.
Look at/for: Rejection of sup/dem boxes, if heading in don't go there. want room.
Next higher time frame TDI to match trading TDI.
High ATR pairs.

Setups: Take direction from TDI
Master Candle, no trade 'till range is broken by a bar close.
Inside Bar, range broken by a bar close.
Outside Bar, range broken of preceding bar by a bar close.
Swing High Bar, range (hi/lo) broken by a close.
1st or 2d bar close breaking PAC.

Enter on next open.
  • #53,825
  • Feb 21, 2015 4:14pm Feb 21, 2015 4:14pm
emmmanuel, snarlyjack, mraussie, lastingwell, and any others
please correct and/or tell me what i've forgotten
  • #53,826
  • Feb 21, 2015 4:41pm Feb 21, 2015 4:41pm
Hi SJ
Seems like your using the sup dem indicator quite well. Did you change any of the default settings? Could you give me a few pointers on how it works?
I've had it on my system for quite some time tried it with some other strategies and ditched it when I couldn't figure out the difference between coloured and none coloured boxes. Also I was later taught on how to see the S/R by myself without using an indicator but I'm now developing a strategy that requires a lot of speed and sometimes you could get to a place of new highs and I wouldn't have the time to minimize look left and search for possible S/Rs so an indicator would come in very handy.
Could you help me please?
  • #53,827
  • Feb 21, 2015 5:07pm Feb 21, 2015 5:07pm
Live pips from Friday. Its good to be a winner!
Attached Image (click to enlarge)
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  • #53,828
  • Feb 21, 2015 9:51pm Feb 21, 2015 9:51pm
Quoting Frank0
NO. III CONSIDER Trading Long when Green line is > 50. Short when Green line is < 50. Trading Long when Green line is > Red line. Short when Green line is < Red line. Trading Long when Green line is > Yellow line. Short when Green line is < Yellow line. Trading Long when Green line is > Red line and Yellow line. Short when Green line is < Red line and Yellow line. Trading Long when Green line is > Red line and Yellow line and 50% line. Short when Green line is < Red line and Yellow line and 50% line. (from aggressive to conservative. pick your poison...
FrankO,

Thank you. I like your rules!
If I were to add one thing it would be a pin-bar setup.
Their are some price action setup's that work very good
but will signal different than the tdi. Being that their are some
really good price action traders here we have to give them room to operate.
sj
  • #53,829
  • Feb 21, 2015 9:54pm Feb 21, 2015 9:54pm
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...
MrAussieFx,

Excellent analysis!
I think we are getting very dialed in.
Thank you so much for all your help.
sj
  • #53,830
  • Feb 21, 2015 9:56pm Feb 21, 2015 9:56pm
Quoting heispark
{quote} Thank you Omonisha for your lovely and intuitive top-down analysis. Now i can see your logic behind your tradings.
Omonisha,

Traders with your price action skills will go a
long way's in this profession.
Your very good & thanks for teaching us!
sj
  • #53,831
  • Feb 21, 2015 10:00pm Feb 21, 2015 10:00pm
Quoting rnsfrd
{quote} 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...
Rnsrd,

We have the same problem. Trading the London session is the best
but if you can't that, changes things a bit.
What I've had to do is really rely on the daily chart. The more in tune
you are with the daily the better.
sj
  • #53,832
  • Feb 21, 2015 10:03pm Feb 21, 2015 10:03pm
Quoting TheScorpS
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
ScorpS,

That was a great trade by the way!
I think what were trying to do is get really dialed in.
I think it's fun... I enjoy looking at the charts, trying
to get the maximum out of them.
sj
  • #53,833
  • Feb 21, 2015 10:11pm Feb 21, 2015 10:11pm
Quoting wnabo
Hi SJ Seems like your using the sup dem indicator quite well. Did you change any of the default settings? Could you give me a few pointers on how it works? I've had it on my system for quite some time tried it with some other strategies and ditched it when I couldn't figure out the difference between coloured and none coloured boxes. Also I was later taught on how to see the S/R by myself without using an indicator but I'm now developing a strategy that requires a lot of speed and sometimes you could get to a place of new highs and I wouldn't have...
Wnabo,

I've been back testing the s/d indicator today.
All default settings.
It looks to me that price is going from box to
box. It might take price awhile to meander their
but it get's their. (I like it)!
sj
Attached Image (click to enlarge)
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  • #53,834
  • Feb 21, 2015 10:15pm Feb 21, 2015 10:15pm
Quoting TheScorpS
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
The ScorpS & MrAussieFx,

A picture is worth a 1,000 words.
It was a excellent visual description.
Thank you.
sj
  • #53,835
  • Feb 21, 2015 10:17pm Feb 21, 2015 10:17pm
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.
Lastingwell,

Thanks for all your help
I like seeing how you trade & I like your system!
Have a good weekend.
sj
  • #53,836
  • Feb 21, 2015 10:20pm Feb 21, 2015 10:20pm
Quoting emmanuel7788
{quote} 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....
Emmanuel,

What do you think of (active traders) just trading the
4 hour chart without looking at the daily at all. Just
stay on the 4 hour chart & don't look at anything else &
just trade the signals?
sj
  • #53,837
  • Feb 21, 2015 11:22pm Feb 21, 2015 11:22pm
Hello everyone,

Ive been reading as much as i can on the this thread from very far back and a few people have been helping me which im very greatful for.

I think my problem with trading is i can understand the concepts of patterns fibs, indis, how price moves and works. But when i look at a chart im too eager and too focused on the money aspect i try and force entries rather than let price show me what it wants to do first and then act on that.

Ive seen quite a few people use "big picture planning" or big picture analysis for the coming week to help them, ive tried to do the same for EA on this coming week.

Could anybody take the time to look over this word document (mostly chart pics) which will only take a few minutes and let me know if my analysis is correct or if im on the right track?

thanks in advance

-haydo

Attached File(s)
File Type: docx EA analysis week 23rd feb.docx   234 KB | 434 downloads
  • #53,838
  • Feb 21, 2015 11:53pm Feb 21, 2015 11:53pm
Quoting snarlyjack
{quote} Emmanuel, What do you think of (active traders) just trading the 4 hour chart without looking at the daily at all. Just stay on the 4 hour chart & don't look at anything else & just trade the signals? sj

SJ,

IMHO, that won't work out for many traders without the experience which Eric had.
Simply because Eric looked at 'everything' before he pick the TDI cross setup, his 'everything' is based on his own discretion which he developed from those thousands of hours he spent trading the Stochastics Secrets to Craig Harris Stochastics methods and then to Synergy and Advance Synergy methods. It is very hard to trade exactly the way as he mentioned in post#1.
I based my TMS II system development on post# 261 and post#647 and use just a few common Price Action techniques with Support and Resistance, and included a disciplined money management strategy to create TMS II to help me achieve my financial goals.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,839
  • Feb 22, 2015 12:18am Feb 22, 2015 12:18am
Quoting emmanuel7788
{quote} SJ, IMHO, that won't work out for many traders without the experience which Eric had. Simply because Eric looked at 'everything' before he pick the TDI cross setup, his 'everything' is based on his own discretion which he developed from those thousands of hours he spent trading the Stochastics Secrets to Craig Harris Stochastics methods and then to Synergy and Advance Synergy methods. It is very hard to trade exactly the way as he mentioned in post#1. I based my TMS II system development on post# 261 and post#647 and use just a few common...
Hi emmanuel,

Ive noticed you post your analysis or the "big picture" quite often, ive also tried to put together my take on EA and posted a short big picture analysis above the post ive quoted.

If its not too much trouble would you mind taking a glance, and letting me know whether im going about things the right way?

thanks

-hayden
  • #53,840
  • Feb 22, 2015 1:17am Feb 22, 2015 1:17am
Quoting haydo147
{quote} Hi emmanuel, Ive noticed you post your analysis or the "big picture" quite often, ive also tried to put together my take on EA and posted a short big picture analysis above the post ive quoted. If its not too much trouble would you mind taking a glance, and letting me know whether im going about things the right way? thanks -hayden

Hi Hayden,

Thanks for sharing your EA planning.

My planning session only starts today at London 1500. But here is a quick update I have for EURAUD.
On the Day chart, we see the market has been trading within a range for the past 2 weeks. That range was set by the Weekly candle of Feb 2 to 6.
I will not start a new position trades under this market type condition but trading will be on lower timeframe H4 and H1 only until I see a price action move out of that range. We will have to give the market a few days to see whether it will start a new trend.

Attached File(s)
File Type: pdf Big Picture Planning EURAUD Week 09 Feb 23 to 27 .pdf   342 KB | 1,016 downloads


For more background on how I do my Big Picture Planning, please read the following posts and the attached pdfs.
Big Picture Planning ; Post#27,200 Post#30,541

Trade Well next week.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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