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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #54,221
  • Feb 28, 2015 11:50am Feb 28, 2015 11:50am
Quoting MrAussieFX
{quote} @cigarguy and @heispark, Appreciate your feedback and comments on TMS. If I may, I would like to say that as more and more new members are joining this wonderful TMS thread. We all must guide them towards the proper use of TDI with very simple template. The very 1st thing they have to do is focus on 20 - 30 pips per trade and get the feel and confidence in the system rather than hunting for huge pips... Many TMS experienced members are consistent in achieving 50+ on every trade its because they know what to look for before taking a trade,...
Mr aussiefx thanks for care for new TMS lover trader.you all seniors TMS boss like big emm,cigureguy,sj,phx,balisstical,TS all (may be i missed many names)are fantastic selfless .i really salute you.please dont leave this threads like many FF's threads.
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  • #54,222
  • Feb 28, 2015 1:05pm Feb 28, 2015 1:05pm
[quote=Ballistical;8102291]2015 Week 9 - Trade Summary: 4 trades in total: - 1 win - 0 BE - 3 Losses

Excellent description of your trades and why you entered them (again). As i said before I look forward to your weekly summary. Looks like a bad week to trade the EURAUD but Im sure you will make it back and then some over the coming weeks. I haven't been able to place a trade for a while now, its frustrating but my project at work is coming to an end so I hope soon to be able to trade the London session as you do. Good luck next week I hope you make many green pips.
  • #54,223
  • Feb 28, 2015 1:23pm Feb 28, 2015 1:23pm
Quoting mordin
{quote} is it the fibonacci channel? Could you please, share your settings? I drew the channel, but does not look like yours. I searched for a configuration in Phx62, but no luck. Thanks in advance
Hi mordin not sure if your question has been answered but he is how I setup the fibo channels according to phx62's set up.
The levels are 1, 1, & 0

Hope this helps
Attached Image
  • #54,224
  • Feb 28, 2015 2:43pm Feb 28, 2015 2:43pm
Quoting Ballistical
{quote} ... Emmanuel, as always, thanks for your feedback. I agree that we can almost learn more from sharing and analysing losses than wins, but as you say hindsight is 20:20. I tried trading H4 before but really struggled to make consistent pips. The difficulty I have with longer TF's, particularly around London was the effect of High Impact News. Trading H1 allows me to time my trades around news (although I didn't do that very well this week ). I know you are most experienced on longer TF's like H4. Do you simply ignore most High Impact News...
Hi Ballistical,

When trading the 4H swing and D1 position trading, the impact of market reaction to news is very minimal when we follow the long term trend. The big impact news is still the once a month NFP and that seldom reverses the long term trend. It is H1 trading with small stops that is mostly affected by the market' knee jerk reaction to the news. the most affected pair during NFP is USDJPY.

I usually trade AUDUSD, AUDJPY and EURJPy during the Asian session from Sydney Open to Tokyo mid-session on H1 chart. This week a few of us were discussing AUDUSD and also to answer some PM on how I manage my trailing stop using trailing behind the last H1 candle. Also we are trying to catch the move early using H1 and D1 chart.
See the Weekly chart below where I marked the W1 candle high-low range. That potential breakout look very obvious and the market will not give this so easily. That is why I say the market will set up some people and also many stops below to take out. Look on D1 and H1 to see what happened this week. next week is still the opportunity to catch the breakout of the range if the market conditions are there. But with the Bank f China announcement today, it will be speculative next week.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Weekly chart expln.png Size: 54 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,225
  • Feb 28, 2015 3:27pm Feb 28, 2015 3:27pm
Quoting MrAussieFX
{quote} @cigarguy and @heispark, Appreciate your feedback and comments on TMS. If I may, I would like to say that as more and more new members are joining this wonderful TMS thread. We all must guide them towards the proper use of TDI with very simple template. The very 1st thing they have to do is focus on 20 - 30 pips per trade and get the feel and confidence in the system rather than hunting for huge pips... Many TMS experienced members are consistent in achieving 50+ on every trade its because they know what to look for before taking a trade,...
my aussie your chart and temp settings are excellent crystal clear .i know all indicators are available on paperclip but may be i am not good creative as like you ??is it possible for you to upload exact indicator and temp settings together please.
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  • #54,226
  • Feb 28, 2015 3:53pm Feb 28, 2015 3:53pm
{quote} ... Emmanuel, as always, thanks for your feedback. I agree that we can almost learn more from sharing and analysing losses than wins, but as you say hindsight is 20:20. I tried trading H4 before but really struggled to make consistent pips. The difficulty I have with longer TF's, particularly around London was the effect of High Impact News. Trading H1 allows me to time my trades around news (although I didn't do that very well this week ). I know you are most experienced on longer TF's like H4. Do you simply ignore most High Impact News...

@ ballistical ..all ready great big emm answered nicly. i just want share and some thing from my point of view .i am great follower and student of TMS .if i am wrong please ignore my post.for 4 h or start of day before trade start daily i watch my chart manually and it is must for me before trade .what i do ?when day open candle start vertical line i check previous day close and hi lo (dodger blue )and day open line white dot and open hi low close 2nd last day i do all manually then i set buy stop /sell stop or buy/sell limit for all detail post another thread if you like then go you will find chart/temp and indi too. it is my part of TMS trading or any trade .then i go my tdi pac chart to confirm and most of the time it works fine .

  1. Post 7,301

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  • #54,227
  • Feb 28, 2015 7:17pm Feb 28, 2015 7:17pm
Quoting emmanuel7788
{quote} You have now opened your third eye for trading with price action.... keep developing your third eye and you will go very far in trading the market.
Thank you for encouraging me Emmanuel!
Have a nice weekend.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #54,228
  • Feb 28, 2015 10:09pm Feb 28, 2015 10:09pm
Quoting emmanuel7788
{quote} Hi Ballistical, When trading the 4H swing and D1 position trading, the impact of market reaction to news is very minimal when we follow the long term trend. The big impact news is still the once a month NFP and that seldom reverses the long term trend. It is H1 trading with small stops that is mostly affected by the market' knee jerk reaction to the news. the most affected pair during NFP is USDJPY. I usually trade AUDUSD, AUDJPY and EURJPy during the Asian session from Sydney Open to Tokyo mid-session on H1 chart. This week a few of us...
Emmanuel, after reading most of the posts and almost all of the attachments my preference for trading with this system will be 4hr and daily timeframes trading. Do you strictly recommend 1 hr timeframe?
and I am trying to send you PM but I suppose you didnt saw them. Best regards.
Demand is not one wants, but what one can pay for
  • #54,229
  • Feb 28, 2015 11:24pm Feb 28, 2015 11:24pm
eelfranz if you trade 1hr or 4h charts only, what leverage you use then?

I'm sorry if I repeat the question, but I could not find answers in earlier posts.
  • #54,230
  • Mar 1, 2015 1:39am Mar 1, 2015 1:39am
Quoting roterio
{quote} Emmanuel, after reading most of the posts and almost all of the attachments my preference for trading with this system will be 4hr and daily timeframes trading. Do you strictly recommend 1 hr timeframe? and I am trying to send you PM but I suppose you didnt saw them. Best regards.

Hi roterio,

Sorry about not replying your PM. I have been busy this week and did not have time to reply all the PMs I received in the past few days. Will do so later after my dinner.

I think you should consider to develop using TMS 5-Method into 3 trading systems to trade different timeframes.
Use H1 for Intraday trading.
H4 for 4H short term swing trades during the week, these trades usually last 2 to 4 days and not to rollover to the following week unless you can convert the trades to position trading using the D1 chart.
D1 chart will be purely for position trades which can last several weeks and into months when the market continues in a trend.

Please read Post#52,347 for more details.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,231
  • Mar 1, 2015 1:58am Mar 1, 2015 1:58am
Ballistical,

Attached pdf is my post-week analysis and hope this will explain the approach I use when I trade.
The same approach and Big Picture Plan, is use for trading all the different timeframes - H1, H4 and D1.
Hope this can help you and also others here learning how to trade and to trade with TMS 5-Method.

regards,
Attached File(s)
File Type: pdf EURAUD Week 09 post mortem.pdf   390 KB | 908 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,232
  • Mar 1, 2015 5:24am Mar 1, 2015 5:24am
Quoting emmanuel7788
Ballistical, Attached pdf is my post-week analysis and hope this will explain the approach I use when I trade. The same approach and Big Picture Plan, is use for trading all the different timeframes - H1, H4 and D1. Hope this can help you and also others here learning how to trade and to trade with TMS 5-Method. regards, {image}

Hello, thanks for sharing that PDF, I've copied it into my hard drive and will reference it as a learning aid. many thanks for your efforts.
Pete.
  • #54,233
  • Mar 1, 2015 5:47am Mar 1, 2015 5:47am
Hi everyone,

I was wondering if anybody could help me, im looking for the indicator which shows the swing high and swing lows in a dotted line that ive seen on a few peoples charts in this thread
  • #54,234
  • Mar 1, 2015 6:26am Mar 1, 2015 6:26am
Please add the new indicators used
Thank you for your cooperation
  • #54,235
  • Mar 1, 2015 6:40am Mar 1, 2015 6:40am
Quoting haydo147
Hi everyone, I was wondering if anybody could help me, im looking for the indicator which shows the swing high and swing lows in a dotted line that ive seen on a few peoples charts in this thread
show us a chart so we know exactly what you need. I assume you're referring to the S/R levels?
Best regards, Zef
  • #54,236
  • Mar 1, 2015 6:41am Mar 1, 2015 6:41am
Quoting haydo147
Hi everyone, I was wondering if anybody could help me, im looking for the indicator which shows the swing high and swing lows in a dotted line that ive seen on a few peoples charts in this thread

That's the Synergy_Pro_ASR indicator in the zip file Post#50,214
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,237
  • Mar 1, 2015 6:56am Mar 1, 2015 6:56am
Quoting haydo147
Hi everyone, I was wondering if anybody could help me, im looking for the indicator which shows the swing high and swing lows in a dotted line that ive seen on a few peoples charts in this thread
It's the Synergy pro ASR
  • #54,238
  • Mar 1, 2015 8:02am Mar 1, 2015 8:02am
Quoting Ballistical
{quote} TSS, I didn't have time to question you on this on Thursday. What clues hinted to you that this trade would continue on downwards through NYO? It turns out that you were correct in this case. Was this through use of the channels which you mentioned in your recent post? I always struggle to know whether price will continue or reverse at NYO. Thanks for your help!
Sorry I was busy setting up my new PC that I couldn't catch witht the thread , here EA hits 50% Fibonacci and failed to close above, H4 candle also showed rejection , so I was ready with the plan at LO, and took the breakout o FO H1 candle
Attached Image (click to enlarge)
Click to Enlarge Name: EA.jpg Size: 322 KB
I Have Learned to Take Some Losses to Make Profits
  • #54,239
  • Mar 1, 2015 8:03am Mar 1, 2015 8:03am
Quoting emmanuel7788
{quote} TSS, since your study Elliot Wave and trade with EW, you can consider to use Jeffrey Kennedy' channeling technique applied to EW. regards,
Yes I study EW since sometime now, as you said about EA its in a bearish rotation at the moment, I have the EW waves on the monthly chart, and this pair looks to be going down for a long time
I Have Learned to Take Some Losses to Make Profits
  • #54,240
  • Mar 1, 2015 8:32am Mar 1, 2015 8:32am
Quoting TheScorpS
{quote} Sorry I was busy setting up my new PC that I couldn't catch witht the thread , here EA hits 50% Fibonacci and failed to close above, H4 candle also showed rejection , so I was ready with the plan at LO, and took the breakout o FO H1 candle {image}
outstanding
Intelligence is the ability to adapt to change. Stephen Hawking
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