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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #54,741
  • Mar 10, 2015 3:35am Mar 10, 2015 3:35am
Quoting MrAussieFX
{quote} Joynal2u, I know how TSS trade and would like to take an opportunity to explain a little however TSS can explain better than me. If you are new to TMS thread I would suggest take conservative entries only that are in favour of the overall trend. Conservative entries means 1. Always enter on the candle close 2. Wait for the candle to close outside PAC 3. TDI signals Buy (Green above Red both above MBL and all three above 50 line), Sell (Green below Red both below MBL and all three below 50 line) 4. Trade with the higher TF trend 5. Stick...
Wow Mr Aussiefx, brilliant analysis. Congratulations on the red flag!

I just took a USDCAD short 4H. Let's see how it goes.
Attached Image (click to enlarge)
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  • #54,742
  • Mar 10, 2015 3:56am Mar 10, 2015 3:56am
My god it's hard to catch a good move these days... +27 on gcad.
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  • #54,743
  • Mar 10, 2015 4:01am Mar 10, 2015 4:01am
Quoting MrAussieFX
{quote} Joynal2u, I know how TSS trade and would like to take an opportunity to explain a little however TSS can explain better than me. If you are new to TMS thread I would suggest take conservative entries only that are in favour of the overall trend. Conservative entries means 1. Always enter on the candle close 2. Wait for the candle to close outside PAC 3. TDI signals Buy (Green above Red both above MBL and all three above 50 line), Sell (Green below Red both below MBL and all three below 50 line) 4. Trade with the higher TF trend 5. Stick...
Thanks for summary very useful.
  • #54,744
  • Mar 10, 2015 4:14am Mar 10, 2015 4:14am
Quoting MrAussieFX
{quote} Joynal2u, I know how TSS trade and would like to take an opportunity to explain a little however TSS can explain better than me. If you are new to TMS thread I would suggest take conservative entries only that are in favour of the overall trend. Conservative entries means 1. Always enter on the candle close 2. Wait for the candle to close outside PAC 3. TDI signals Buy (Green above Red both above MBL and all three above 50 line), Sell (Green below Red both below MBL and all three below 50 line) 4. Trade with the higher TF trend 5. Stick...

Excellent explained !

Makes me fun for looking for an entry
Risiko birgt immer auch die Chance.
  • #54,745
  • Mar 10, 2015 4:21am Mar 10, 2015 4:21am
Quoting Shadownet
{quote} Wow Mr Aussiefx, brilliant analysis. Congratulations on the red flag! I just took a USDCAD short 4H. Let's see how it goes. {image}
SL hit -45 pips
  • #54,746
  • Mar 10, 2015 5:18am Mar 10, 2015 5:18am
Quoting WDays
My god it's hard to catch a good move these days... +27 on gcad. {image}
Pretty much because no-one trades anything else than shorting eur/usd, probably.

Good thing you're catching positive pips.
I took a -35 sl on g/a this morning, got totally faked out.
  • #54,747
  • Mar 10, 2015 5:23am Mar 10, 2015 5:23am
Dear "fathers" and real accounts traders of this system,

Please tell me good broker for this system terms (spreads, reactions, etc)

Thank you!
Just an opinion. Based on research
  • #54,748
  • Mar 10, 2015 5:45am Mar 10, 2015 5:45am
+25 delivered from GU on a quick (shortlived) trade, my favorite kind!
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  • #54,749
  • Mar 10, 2015 5:49am Mar 10, 2015 5:49am
Quoting Vladbold
{quote} Pretty much because no-one trades anything else than shorting eur/usd, probably. Good thing you're catching positive pips. I took a -35 sl on g/a this morning, got totally faked out.
That's not true, it's just that people are scared to hold on to short-term trends, which we as intraday traders take advantage of
  • #54,750
  • Mar 10, 2015 6:04am Mar 10, 2015 6:04am
Hi Shadownet

I've been a lurker here for a while now, and while I'm not an expert I'd like to try to chip in where I can.

Your entry is against the main trend, and you traded directly into the 1.26000 line. The round numbers often acts as support. Also, if you take a look at the previous tops, there are no divergence in the TDI indicating bearish opportunity.

One of the tips Eelfranz mentioned a few times, was to zoom out maximum (Press the -) to get a better overview of the main trend. If you do that, you'll see that the main trend is bullish.

Hope this helps. If some senior member disagree, please let me know

Best regards,
Trond

Quoting Shadownet
{quote} SL hit -45 pips
  • #54,751
  • Mar 10, 2015 6:37am Mar 10, 2015 6:37am
Quoting Tomyam
Hi Shadownet I've been a lurker here for a while now, and while I'm not an expert I'd like to try to chip in where I can. Your entry is against the main trend, and you traded directly into the 1.26000 line. The round numbers often acts as support. Also, if you take a look at the previous tops, there are no divergence in the TDI indicating bearish opportunity. One of the tips Eelfranz mentioned a few times, was to zoom out maximum (Press the -) to get a better overview of the main trend. If you do that, you'll see that the main trend is bullish....

Totally agree , zoom out and see the trend supports or resistances clearly , good point
Risiko birgt immer auch die Chance.
  • #54,752
  • Mar 10, 2015 6:41am Mar 10, 2015 6:41am
Quoting MrAussieFX
{quote} Joynal2u, I know how TSS trade and would like to take an opportunity to explain a little however TSS can explain better than me. If you are new to TMS thread I would suggest take conservative entries only that are in favour of the overall trend. Conservative entries means 1. Always enter on the candle close 2. Wait for the candle to close outside PAC 3. TDI signals Buy (Green above Red both above MBL and all three above 50 line), Sell (Green below Red both below MBL and all three below 50 line) 4. Trade with the higher TF trend 5. Stick...
Thanks for this!
  • #54,753
  • Mar 10, 2015 6:41am Mar 10, 2015 6:41am
EUR/USD, entered a trade last night before bed. The red line was a previous support level established. I got a cross of the TDI and the higher TF's pointed down as well. Price was below the PAC which added to confluence. I entered once price broke below the previous support i had drawn. I exited mainly because i'm up now and i have to go to work. I cannot manage my trade during the day . Still got +33.8 pips.
Attached Image (click to enlarge)
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  • #54,754
  • Mar 10, 2015 6:56am Mar 10, 2015 6:56am
Quoting WDays
{quote} That's not true, it's just that people are scared to hold on to short-term trends, which we as intraday traders take advantage of
Isn't it generally better to trade with the long trend ?
I'm just asking, it's awesome that you can take pips from short-term trends. I think it's mainly because you're very good with your entries.

I for one am shorting e/u at any chance i see, until i see 1.00 )
  • #54,755
  • Mar 10, 2015 7:03am Mar 10, 2015 7:03am
Quoting WDays
Holding for as long as I can... {image}
must have made 100 pips by now
the cautious seldom err....C
  • #54,756
  • Mar 10, 2015 7:16am Mar 10, 2015 7:16am
Quoting Shadownet
{quote} Wow Mr Aussiefx, brilliant analysis. Congratulations on the red flag! I just took a USDCAD short 4H. Let's see how it goes. {image}
Bear in mind, price will almost never reverse after rallying up like that. If you want to trade against the rally, drop down to a m5-m15 tf and short it with a signal there, of course after a double top. Don't try to pick tops/bottoms, more often than not it will result in a stop
  • #54,757
  • Mar 10, 2015 7:35am Mar 10, 2015 7:35am
Sharing trades this week so far.

Didn't take anything yesterday due to big day at work.

Today :
One loss (-30 on G/a, not sharing cause i was retarded).

And these 2 wins, + 50 each, E/a and G/J.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #54,758
  • Mar 10, 2015 7:36am Mar 10, 2015 7:36am
Quoting pips29
{quote} must have made 100 pips by now
Oh I forgot to post the development of that one, I got taken out by my stop for 6 pips like a moron haha, I never bothered re-entering because I didn't figure it would budge over night and this morning I was focused on other trades I don't have the nerve to leave a trade unprotected overnight yet... Even though I knew where it was going. Bottom line, I failed miserably and feel bad for it

Quoting Vladbold
{quote} Isn't it generally better to trade with the long trend ? I'm just asking, it's awesome that you can take pips from short-term trends. I think it's mainly because you're very good with your entries. I for one am shorting e/u at any chance i see, until i see 1.00 )
Yes of course, longterm trend is golden, but since price never constantly moves up or down, there are loads of "corrections" during the rest of the time. There may be an entire week of EUR rallying all across the map. So yeah, of course short the e/u away, you can't really go wrong there, even if drawdown goes as high as 50-60 even 100 pips, but it's just not my bag.
I now try to take at least one (good of course) trade every day, and since lately markets are all a little crazy I've had to readjust my rules a bit to adapt. I use m15, set smaller targets, I try holding on to the trending ones (e.g yesterday's EU), and I generally avoid most crosses apart from yen (meaning I got rid of like 6 pairs from my portfolio).
  • #54,759
  • Mar 10, 2015 7:42am Mar 10, 2015 7:42am
Quoting WDays
{quote} Oh I forgot to post the development of that one, I got taken out by my stop for 6 pips like a moron haha, I never bothered re-entering because I didn't figure it would budge over night and this morning I was focused on other trades I don't have the nerve to leave a trade unprotected overnight yet... Even though I knew where it was going. Bottom line, I failed miserably and feel bad for it {quote} Yes of course, longterm trend is golden, but since price never constantly moves up or down, there are loads of "corrections" during...

Thanks for sharing your view !

It's really helpful for me to see how other (good ) traders think.
  • #54,760
  • Mar 10, 2015 7:49am Mar 10, 2015 7:49am
Quoting WDays
{quote} Oh I forgot to post the development of that one, I got taken out by my stop for 6 pips like a moron haha, I never bothered re-entering because I didn't figure it would budge over night and this morning I was focused on other trades I don't have the nerve to leave a trade unprotected overnight yet... Even though I knew where it was going. Bottom line, I failed miserably and feel bad for it {quote} Yes of course, longterm trend is golden, but since price never constantly moves up or down, there are loads of "corrections" during...
oh what a shame! you must have moved your stop. Anyway, plenty more round the corner
the cautious seldom err....C
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