If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
27.1%
Trading Made Simple the right way, and other trading lessons 333 replies
Monitor for 'Trading Made Simple' system 563 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
Disliked{quote} Hi Erebus, great to hear from you. I believe it was Friday night LO trade (AEST) and not Monday. Kindest regardsIgnored
DislikedI think it will keep on going bearish for AUDUSD daily, anyone has any ideas or suggestions? p.s. actually i'm having a sell position since last Thursday, and I don't want it to go bullish... {image}Ignored
Disliked{quote} Mr. AussieFX. Thanks for all your work here. I am grateful for all your contributions. Do you think the attached chart may have helped and prevent you from entering long on the EA trade? Anytime there is a bollinger squeeze, more often than not there is a fake initial direction. notice that the red dots remained until price action clearly went down and green dots appeared. Per the 30 min chart, there was also strong resistance where you were buying into. {image} {image}Ignored
Disliked{quote} Hi, I am not an expert, learning as you do but I think momentum is bearish and is going in direction of monthly support. Having say that with TMS I tend to have more simple approach and feel rather than go with analysis paralysis scenario {image}Ignored
DislikedTo anyone lurking the thread (like I used to) I would advise you to try this way of trading if you are still failing. I am generlly a 50% win rate type of trader with a about 1:1.5 RR. Nothing special. But the fact was I always had too many things in my way when making a trading decision. I would have good months then a string of bad months. The past 2 months I just havint been on my game and I decided to relook at how I was trading. I retook interest in this thread and decided to demo TMS just to see what it woul do. Well so far I like the results...Ignored
DislikedTo anyone lurking the thread (like I used to) I would advise you to try this way of trading if you are still failing. I am generlly a 50% win rate type of trader with a about 1:1.5 RR. Nothing special. But the fact was I always had too many things in my way when making a trading decision. I would have good months then a string of bad months. The past 2 months I just havint been on my game and I decided to relook at how I was trading. I retook interest in this thread and decided to demo TMS just to see what it would do. Well so far I like the results...Ignored
Disliked{quote} You do really good if you demo a system for a while before you go live with it. I trade 2 totally different systems in one account live , one of them is TMS and I like it much -. I never mix the systems and I never do one pair with a different system for the same time. I added the TMS after 3 months or so in demoing and I can say it works nicely . The best " confirmation " is always a forwardtesting for a time . I really apreciate your kind how to trade successful GuidoIgnored
Disliked{quote} Any hint which the other system is? Thanks and Liebe GruesseIgnored
Disliked{quote} To be honest , I dont care which it is , I only care about the TMS in this thread . Successful trading means systematic cutting your piece of the cake out of the market. And mixing systems can only be successful , if you create/ develop a new system with the given tools ( stable working systems or indicators ) and stick to the " new systems" rules and don t mix them . Stable systematic trading = stable systematic results . Jumping around is what the marketmakers like, it pays their bills. I decided quickly when I started trading currencies...Ignored
DislikedGuys, I've just signed up to this forum as I've been reading through this thread with great enthusiasm. I've just started trading myself after several weeks of testing different strategies on demoes etc. and I've come across this system a few days ago. As I'm sure you can imagine, it's not easy to read through 2750 pages A few questions I've got and I apologise if they've already been asked, and answered elsewhere, I've not managed to stumble across the answers. 1) the EMA/SMA line everyone has on their charts, can you confirm the settings for...Ignored
DislikedA very slow GJ trade today with no news to move the market. I set a 40 pip SL below the low of the Frankfurt candle, which is a very small SL for this pair but I did not want to risk any more pips. Fortunately, it did not get hit. Entered one candle late per TMS rules but shortly after LO following a break above the Frankfurt candle and my Asian channel. This was a risky trade because I did not follow all my rules. I won't enter again like that and I knew better when I did it. This time it worked out but the percentages of it working again are not...Ignored
Disliked{quote} Hey Emmanuel My broker server time is GMT +3 (Fxprimus, I stay in the UK) I only ever use it on the 4H and Daily TF (80% Daily) I trade Eur-Gbp Eur-Usd Gbp-Usd Gbp-Nzd Gbp-Aud Aud-Usd Cheers Em, Have a good weekend. GGIgnored