Trading Made Simple | Page 2728 | 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

  • #54,541
  • Mar 5, 2015 8:08am Mar 5, 2015 8:08am
Hi Everyone i am new here, can anybody tell ma what is the setting of (ema/ma) in the chart ? not the TDI indicator ,
i mean the one with the Heiken ash bars??
Thanks, regards
Human beings are members of a whole, In creation of one essence and sol.
  • #54,542
  • Mar 5, 2015 8:15am Mar 5, 2015 8:15am
Quoting MrRijk
Hi Everyone i am new here, can anybody tell ma what is the setting of (ema/ma) in the chart ? not the TDI indicator , i mean the one with the Heiken ash bars?? Thanks, regards

  1. Post 50,214

if you talking about the PAC, is the Synergy_PRO_ABP

  • #54,543
  • Mar 5, 2015 9:09am Mar 5, 2015 9:09am
Re-entered short after the pullback to the TL, got +28 pips on the first one, targetting 1.0965 here on this second one... I may close earlier though. edit: actually moved the TP to b/e and I'm heading out...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 45 KB
  • #54,544
  • Mar 5, 2015 9:21am Mar 5, 2015 9:21am
A valid break of master candle would be on the Close of bar outside of the range, or just pass throught it?
  • #54,545
  • Mar 5, 2015 1:55pm Mar 5, 2015 1:55pm
Quoting mokuro89
A valid break of master candle would be on the Close of bar outside of the range, or just pass throught it?
Mokuro,

First, I want to make it clear how the Master Candle(3) is used in TMS trading.
The MC(3) is to help us see market consolidation and we must have in our trading plan what to do during market consolidation.
For example, when we see a MC(3) on our D1 chart, we do not trade until the market breakouts out of that D1 MC(3) range high-low. We can only trade in the lower timeframes, H4 and H1 according to other rules we have for trading in those timeframes. Remember to use the D1 MC(3) high low as support and resistance in lower timeframes along with other support and resistance methods you use.

To answer your question,
we must see a that the market price must close either above or below that MC(3) candle high-low and determine that the market has move out of that consolidation range.
It is important always have a big picture of the market because some of the MC breakout candles will not result in a new trend or trend continuation. How do filter this? Always look at the big picture and look at the recent 10 to 13 candles (both the real price bars and the APB) study the price action and its momentum shown by the TDI. Then to look at the next higher timeframe trend or bias. This will help us pick the high probability direction or wait for a further move.

Next thing we need to do is to look at the MC(3) consolidation range and compare that range with the average traded range of that timeframe. Study your history charts and learn to see this and find the answer. Remember , keep it simple and do not go too deep into other things, just study the market average traded range of the timeframe you trade. Then use this information for your trading.

Sounds like a lot to do and is complicated. With lots of screen time and deep practice, some of these work you do will eventually become your skills which you will need to become a super trader.

Keep working at developing those skills.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,546
  • Mar 5, 2015 2:00pm Mar 5, 2015 2:00pm
Quoting Pervis
This is some trade I took today. 3 wins & 1 lose trade on EA (which I do not post it up because I don't see any benefit when see the losing trade) As usually, I will close all trade before news announcement but today I stay on my computer and follow these trade so I keep it moving. In my opinion I will close the trade asap if I see the price pull back {image} {image} {image}
Excellent trades...

Simple, clean and well executed the TMS 5-Method way.

Can only be done with DISCIPLINE in all departments of trading by a proficient trader. I LIKE
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,547
  • Mar 5, 2015 2:04pm Mar 5, 2015 2:04pm
Quoting nods80
{quote} Emm how did you do in this? was your target hit?
Hi Nods,

It was set and forget trade.
Placed on TP on the DOTS BT2 level and since I had my SL move to BE+, I went to bed.
It hit my TP +72pips and recovered my previous day loss -50pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H1 trades 4 5 Feb.png Size: 36 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,548
  • Mar 5, 2015 2:12pm Mar 5, 2015 2:12pm
Quoting mkfx
{quote} are all 3 tp with equal lots.. thanks

Hi mkfx,

Yes, when I trade using Multi-Lots positions, the trades must be of same position size and calculated with the risk %.

It is about 3 things - Risk and R-Multiple, Position Sizing and Expectancy that I want to share here in TMS trading.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,549
  • Mar 5, 2015 2:20pm Mar 5, 2015 2:20pm
Quoting emmanuel7788
{quote} Hi Nods, It was set and forget trade. Placed on TP on the DOTS BT2 level and since I had my SL move to BE+, I went to bed. It hit my TP +72pips and recovered my previous day loss -50pips. {image} regards,
Good job I was pushing it and had my TP2 set higher and got stopped for BE +5 on the 2nd half of the order, and +30 on the first tp. That trade frustrated me a bit.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #54,550
  • Mar 5, 2015 2:56pm Mar 5, 2015 2:56pm
Quoting rupasi
{quote} Eman, thanks so much for your training! I'm working on deepening my understanding of MC per your last message directing us to a pdf. Can you direct me to some language about WRB, Mother Bar and how they relate to the MC, IB? Thanks!
Hi rupasi,

Here a pic to show what Mother Bar/Candle is in relation to the Inside Bar. I did not create the term Mother Bar/Candle. It is used in books and most printed resources about trading price patterns.
A small group of active TMS traders studied price patterns for many months and we went on to develop TMS-II which incorporated the MC(3) and IB to help us see market consolidation easier.

WRB = Wide Range Bars.
WRB Analysis WRBA is another popular technical analysis methodology available. That has to do with Volume Spread Analysis or VSA study.
I will not want to talk about the details now as there are many new traders joining this thread recently as it could lead to confusion and make learning to trade and to trade with TMS 5-Method complicated for these new members. I know there are many more experienced traders here and also very active TMS traders, they know what WRBA and VSA, and are and beginning to apply that in their trading with TMS. Perhaps , we can move ahead and develop TMS-III together in 2015 as a new project.

But, we can simply look at each price bar' its high-low range and compare that range to the recent 3 to 5 bars, if the current price bar has the highest range when compare to the most recent 3 to 5 bars, start to question why?
- Look around for closeby support and resistance.
- Check the calendar timing of news/data release if you are on H1/H4 charts.
- Remember the TMS 5-Method entry rules and the chart conditions. Look at those things what eelfranz mentioned in his post#261 and post#647. You will find good explanation and answer.

Attached Image (click to enlarge)
Click to Enlarge Name: WRB MC IB explain.png Size: 58 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,551
  • Edited 3:46pm Mar 5, 2015 3:08pm | Edited 3:46pm
Quoting nods80
{quote} Good job I was pushing it and had my TP2 set higher and got stopped for BE +5 on the 2nd half of the order, and +30 on the first tp. That trade frustrated me a bit.

Hi nods,

some thoughts about that GJ trade.
we were trading against a very bearish previous D1 4 Feb.
but we have the Monthly bias and the Weekly still in our favour.
quite wide range in MN and W1, so that is good to trade with TMS when market type is sideways wide range. We can buy and sell within this wide range.
we saw yesterday D1 made a new low but it is not confirm new low until I see that D1 candle high taken out, that would be good to resume weekly buy trading.
anyway, the TDI will support what we see in the price action.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,552
  • Mar 5, 2015 3:35pm Mar 5, 2015 3:35pm
Quoting shay14
{quote} Hi emmanuel, do you have the link for DOTS levels ? and are they similar to support and resistance?

Hi shay,
Sorry I missed your post yesterday.

You will find various version of DOTS indicator here in this thread and other thread too.
I compare the DOTS v3 and !SM_ADR Marker (default set to 30 days).
I find the DOTS levels rather conservative on many trading days therefore I prefer use the volatility / ADR method to calculate price levels and use these levels for potential exits levels for both stop loss and take profits. There is no holy grail in whatever we do. We need to find a way which we have tested over a longer time and be comfortable with its results and we follow that consistently with our own set of disciplined rules and money management strategy.

Look at the chart1 below where I compare today' 6 Feb DOTS v3 calculated levels and the range of the !SM ADR set to 30-days.

Chart 1
Attached Image (click to enlarge)
Click to Enlarge Name: DOSTS levels vs iSM ADR marker.png Size: 43 KB

However,
If you take the range set by the !SM ADR Marker 30-days, and use a multplier to determine the range levels 40%, 70% and 120%,
you can determine your own levels for trading with TMS.

Chart2 below
Attached Image (click to enlarge)
Click to Enlarge Name: ADR 30 days multiplier.png Size: 41 KB



What do you think about this?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,553
  • Edited 4:20pm Mar 5, 2015 4:18pm | Edited 4:20pm
Quoting emmanuel7788
{quote} Hi shay, Sorry I missed your post yesterday. You will find various version of DOTS indicator here in this thread and other thread too. I compare the DOTS v3 and !SM_ADR Marker (default set to 30 days). I find the DOTS levels rather conservative on many trading days therefore I prefer use the volatility / ADR method to calculate price levels and use these levels for potential exits levels for both stop loss and take profits. There is no holy grail in whatever we do. We need to find a way which we have tested over a longer time and be comfortable...
I've had similar thoughts, mainly that the DOTS acts more like a Pivot indicator based only on previous days' price action which might explain the narrow range it sometime displays?

Even went so far as to get CJA to program the Daily Open Line indicator to display optional lines at user adjustable percentage away from the daily open - the picture will explain much easier.

Basically, a possible entry line and projected target - I don't like the DOTS using 2 targets, it's too easy to claim success even it only hits the first; I'm an all or nothing trader

In the chart example, I have set the close % to 20, and the target to 70% - therefore a possible trade captures 50% of the ADR, is my math correct?

You can always trail if the trade get going, target the ADR indicator instead as it dynamically updates as price moves.

Some may find this useful, remember, what doesn't go up, must come down, have a great NFP, see ya, John

PS: I'll monitor that chart during today's session and post any findings at the close / weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: 6-03-2015 10-05-13 AM.png Size: 328 KB
Attached File(s)
File Type: ex4 Daily open line v ADR levels.ex4   45 KB | 970 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #54,554
  • Mar 5, 2015 5:32pm Mar 5, 2015 5:32pm
Hi everyone,

I have a question for pac users.

Lets say were looking for a short opportunity and all the signals are there (stoch, tdi etc)
When we see price close beyond the pac is that our entry? Even if price starts to pull back slightly on the next candle do we trust the signals? Trust the break of the pac?

Ive made some good trades and feel quite comfortable analyzing a pairs direction for the longer teem and am fine with picking entry points i think my biggest issue is my own mind.

I miss some great opportunities because i see a slight pullback in price and am noy sure whether to wait for the close or not

Most of the times when i wait for a close (1hr) i miss majority of the move and get in a bad price.
  • #54,555
  • Mar 5, 2015 5:56pm Mar 5, 2015 5:56pm
Quoting haydo147
Hi everyone, I have a question for pac users. Lets say were looking for a short opportunity and all the signals are there (stoch, tdi etc) When we see price close beyond the pac is that our entry? Even if price starts to pull back slightly on the next candle do we trust the signals? Trust the break of the pac? Ive made some good trades and feel quite comfortable analyzing a pairs direction for the longer teem and am fine with picking entry points i think my biggest issue is my own mind. I miss some great opportunities because i see a slight pullback...
That's your call. In my newbie opinion, if you want to trade price action better take the pullback opportunities, however beware with big spikes counter pullbacks. Has SJ use to say "that's no man's land". But that's also the essence of price action traders. I guess you must judge well. No hesitations nor itchy fingers.

Regards
  • #54,556
  • Mar 5, 2015 6:16pm Mar 5, 2015 6:16pm
Quoting H0rus
{quote} That's your call. In my newbie opinion, if you want to trade price action better take the pullback opportunities, however beware with big spikes counter pullbacks. Has SJ use to say "that's no man's land". But that's also the essence of price action traders. I guess you must judge well. No hesitations nor itchy fingers. Regards
Maybe i didnt explain myself correctly, im not talking about so much as a pullback just as lets say were trending down and weve seen price retrace the current move down and are looking to place a short trade into the continuation of the trend, tdi crosses close outside pac etc all the signals are thereThen the next candle turns bullish at the start, this phsycs me out, i know that majority of the time it will end bearish but it makes me question my position.How do people deal with this
  • #54,557
  • Mar 5, 2015 6:55pm Mar 5, 2015 6:55pm
Quoting haydo147
{quote} Maybe i didnt explain myself correctly, im not talking about so much as a pullback just as lets say were trending down and weve seen price retrace the current move down and are looking to place a short trade into the continuation of the trend, tdi crosses close outside pac etc all the signals are thereThen the next candle turns bullish at the start, this phsycs me out, i know that majority of the time it will end bearish but it makes me question my position.How do people deal with this
Self control and judgement trust. It's harder when monitoring, but if it's your confortable way to trade you must deal with it like everyone does.
Time and experience will teach you how to protect yourself from your mind.

May the green pips be with you!
  • #54,558
  • Mar 5, 2015 6:57pm Mar 5, 2015 6:57pm
Quoting emmanuel7788
{quote} Hi Nods, It was set and forget trade. Placed on TP on the DOTS BT2 level and since I had my SL move to BE+, I went to bed. It hit my TP +72pips and recovered my previous day loss -50pips. {image} regards,
Hi Emmanuel

I am wandering why would you take this trade. The daily TDI is strong bearish and even the 4hr TDI is going south?
I am asking if it's okay to trade counter trend since I have missed so many profitable trades with this system just because I didn't have courage to enter counter trend.
  • #54,559
  • Mar 5, 2015 6:57pm Mar 5, 2015 6:57pm
<p>[quote=H0rus;8116174]{quote} Self control and judgement trust. It's harder when monitoring, but if it's your confortable way to trade you must deal with it like everyone does. Time and experience will teach you to how to shield from your mind. May the green pips be with you! <img src="http://assets.forexfactory.net/images/smilies/yim/winking.gif" border="0" alt="" title="Wink"
Thanks horus
  • #54,560
  • Mar 5, 2015 8:11pm Mar 5, 2015 8:11pm
Quoting haydo147
{quote} Maybe i didnt explain myself correctly, im not talking about so much as a pullback just as lets say were trending down and weve seen price retrace the current move down and are looking to place a short trade into the continuation of the trend, tdi crosses close outside pac etc all the signals are thereThen the next candle turns bullish at the start, this phsycs me out, i know that majority of the time it will end bearish but it makes me question my position.How do people deal with this
There will be trades and days like that - see the ? ? ? ? day on the chart

As long as you use proper Position Size and Money Management, trust the method, not much else you can do

Attached Image (click to enlarge)
Click to Enlarge Name: 6-03-2015 2-05-35 PM.png Size: 267 KB
It takes a lot for me to IGNORE you, but you can try.
71 traders viewing now, 1 is registered: