Trading Made Simple | Page 2697 | 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

  • #53,921
  • Feb 24, 2015 4:29am Feb 24, 2015 4:29am
Quoting emmanuel7788
{quote} Hi Hayden, I like your name. It reminds me of John Hayden, he authored the book "RSI:The Complete Guide". About CONSOLIDATION and RANGE, I look at the real price bar high-low. The same if we use the Japanese candlesticks study. The combine use of the real price and the Average Price Bar APB or the HeikenAshi HA candles is what make TMS 5-Method such a simple trading method. The APb body warns us of possible phase chaneg in the price and the real price bar actually tell us the high probability direction. Look at the GBPJPY D1 chart below...
Thanks for such an in-depth reply, I've learned quite alot and improved my analysis from reading your PDF's and your charts.


-hayden
  • #53,922
  • Feb 24, 2015 4:33am Feb 24, 2015 4:33am
USD/CAD long

+43.1

Attached Image (click to enlarge)
Click to Enlarge Name: UC long.png Size: 41 KB
  • #53,923
  • Feb 24, 2015 4:41am Feb 24, 2015 4:41am
Quoting haydo147
USD/CAD long +43.1 {image}
There is US news today hope it takes a flight. i am in too. Manage and trade safe
Sad i'm not trying to understand PA
  • #53,924
  • Feb 24, 2015 5:06am Feb 24, 2015 5:06am
Quoting haydo147
USD/CAD long +43.1 {image}

very good trade.
this is how trading should be when we look at the higher timeframes and follow the bias for high probability trading.
in this case, you followed the weekly and daily bias, that is trading the CONTINUATION of the trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,925
  • Feb 24, 2015 5:12am Feb 24, 2015 5:12am
NZDUSD week 09 24 Feb.
As we are in the final days of the monthly candle, it looks like Feb high has been set and the downtrend will resume.
Let's see how the next 3 days will close and plan our big one for Mar 2015.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,926
  • Feb 24, 2015 6:02am Feb 24, 2015 6:02am
Quoting Sesamstrasse
{quote} Good job man , you always steal the pips with the most simple template here.. Extremly good Here is my EU M1 12 pips is enough for a european morning in a m1 chart Small timeframe = bigger lotsize {image}
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,927
  • Feb 24, 2015 8:24am Feb 24, 2015 8:24am
Good morning everyone,

Their are Fed. meeting today & tomorrow, where the
Fed meets with Congress to discuss things. (a slip
up could move the markets) so be careful.
sj
  • #53,928
  • Feb 24, 2015 8:31am Feb 24, 2015 8:31am
Quoting snarlyjack
Good morning everyone, Their are Fed. meeting today & tomorrow, where the Fed meets with Congress to discuss things. (a slip up could move the markets) so be careful. sj
good to know
Thx for that information
Risiko birgt immer auch die Chance.
  • #53,929
  • Feb 24, 2015 9:25am Feb 24, 2015 9:25am
AU, entered long on break of 0.77750 quarter number target was 0.78000 whole number. H1 green and TDI headed up from below 32. Target reached + 19.4 (5 lots)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDiM15 tms.png Size: 88 KB
Keep It Simple
  • #53,930
  • Feb 24, 2015 9:27am Feb 24, 2015 9:27am
I just wanted to post up this eur/aud 30 minute chart.
I shorted it as soon as it came out of the pac & liquidated
it as it touched the daily open line. (picture is just a few
seconds after I liquidated out).
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 55 KB
  • #53,931
  • Feb 24, 2015 9:28am Feb 24, 2015 9:28am
Quoting cigarguy
AU, entered long on break of 0.77750 quarter number target was 0.78000 whole number. H1 green and TDI headed up from below 32. Target reached + 19.4 (5 lots) {image}
Cigarguy,

Looks like steak & eggs for breakfast for you
sj
  • #53,932
  • Feb 24, 2015 9:38am Feb 24, 2015 9:38am
Quoting snarlyjack
{quote} Cigarguy, Looks like steak & eggs for breakfast for you sj
Yep.......
Keep It Simple
  • #53,933
  • Feb 24, 2015 9:39am Feb 24, 2015 9:39am
hey guys, hope everyone is making money
  • #53,934
  • Feb 24, 2015 10:24am Feb 24, 2015 10:24am
What caused the falling on EA, GA, GN and others? The Consumer Confidence or the Fed? I forgot about the news of the afternoon, and I entered a couple of trades on 4H, and had to exit with a big loss.

I still struggle a little bit with news. Tomorrow I think I will only open trades on 1H during London, then after the New Home Sales I will see hows the market, but I don't know if the Fed and even Draghi speech will still affect. Could anybody share some trading plan tips?

Thank you very much in advance.
Had to be me. Someone else might have gotten it wrong.
  • #53,935
  • Feb 24, 2015 11:07am Feb 24, 2015 11:07am
Quoting cigarguy
AU, entered long on break of 0.77750 quarter number target was 0.78000 whole number. H1 green and TDI headed up from below 32. Target reached + 19.4 (5 lots) {image}
Cigarguy,

What is a reasonable TP target for M5 or M15 scalping? I entered the EU today during Mario Draghi's comments and had a +28pip progress and then a retrace at BE within the same 15M candle. I have no clue on order of magnitude on these scalps as I deom them during news releases for some action but I can see clear potential if a good method is applied.

Thanks,
Zef.
Best regards, Zef
  • #53,936
  • Feb 24, 2015 11:12am Feb 24, 2015 11:12am
Quoting mordin
What caused the falling on EA, GA, GN and others? The Consumer Confidence or the Fed? I forgot about the news of the afternoon, and I entered a couple of trades on 4H, and had to exit with a big loss. I still struggle a little bit with news. Tomorrow I think I will only open trades on 1H during London, then after the New Home Sales I will see hows the market, but I don't know if the Fed and even Draghi speech will still affect. Could anybody share some trading plan tips? Thank you very much in advance.
Hi Mordin,

The CC was on USD bullish despite lower than expected number. That rally was short lived and the FED congress talk took over but you have to pay attention at the post-session as the Q&A session afterwards produces sudden volatility - opportunity but also threat if you took positions before on frames like H1 particularly. H4 should be safe with SL at swings.

This is just my take on it.
Best regards, Zef
  • #53,937
  • Edited 11:33am Feb 24, 2015 11:17am | Edited 11:33am
Quoting ZeF
{quote} Cigarguy, What is a reasonable TP target for M5 or M15 scalping? I entered the EU today during Mario Draghi's comments and had a +28pip progress and then a retrace at BE within the same 15M candle. I have no clue on order of magnitude on these scalps as I deom them during news releases for some action but I can see clear potential if a good method is applied. Thanks, Zef.
Zef,

I consider and use key levels in all of my trading entry/exit decisions. Keep in mind those are the psychological numbers/levels where traders place their pending orders; hence PA will find support/resistance, retrace, pullback or run right through these levels. I might suggest that you watch how PA reacts to these levels and choose only a couple of pairs to watch and learn them well. You must find what works for you....
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDiM15 tms.png Size: 93 KB
Keep It Simple
  • #53,938
  • Feb 24, 2015 11:36am Feb 24, 2015 11:36am
Quoting cigarguy
{quote} Zef, I consider and use key levels in all of my trading entry/exit decisions. Keep in mind those are the psychological numbers/levels where traders place their pending orders; hence PA will find support/resistance, retrace, pullback or run right through these levels. I might suggest that you watch how PA reacts to these levels and choose only a couple of pairs to watch and learn them well. You must find what works for you.... {image}
Cigarguy,

You make things so easy.

Thank you for that.

Zef.
Best regards, Zef
  • #53,939
  • Feb 24, 2015 11:37am Feb 24, 2015 11:37am
Quoting ZeF
{quote} Cigarguy, You make things so easy. Thank you for that. Zef.
NP....

And with that said, I'm done for the day!

Stay GREEN My Friends!
Attached Image
Keep It Simple
  • #53,940
  • Feb 24, 2015 11:46am Feb 24, 2015 11:46am
Here is a current picture of the eur/aud
a couple of hours later.
I liquidated out at the blue daily line
I should have held on longer. But these levels get
pretty subjective. You do the best you can...
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 55 KB
116 traders viewing now, 1 is registered:
Cun