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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

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Trading Made Simple

  • #55,561
  • Apr 4, 2015 2:22pm Apr 4, 2015 2:22pm
Looking forward to trying this out further next week, had a great week last week using this system so feel positive for the next
  • #55,562
  • Apr 4, 2015 5:08pm Apr 4, 2015 5:08pm
Quoting ZeF
{quote} Ballistical, Thanks for your charts they are very useful to me, as I'm on the EA H1 LO as well for 90% of the trades, the few rest is GA. I do have a question, seeing your two losses are SELL entries. We're in a strong bull market with the EA since early March, and one would assume only BUY entries ?! Could you please share your reasoning of entering a sell order in this bull market? Thanks again for your posts.
Thanks Zef,

I'm glad you find the charts useful.

You're absolutely right about the two sell entries being counter trend. Had I trended with the trend this week, I would have been better off. However, many times on H1 around LO, price can easily move 50 pips in counter trend moves which is why I pay less attention to the overall trend than the HTF traders in here.

Phx62 has also mentioned this before. See extract below from #Post 51,144 where he discussed H1 counter trend trades.

"Many traders on this thread are trading the H4 and Daily charts. Countertrend trades are much more difficult on those time frames but on the H1, a trader can pick up 50, 100 or even more pips on a retracement of the overall trend. As has been shown many times, trading with the trend on the higher time frames can be very successful. Trading the H1 in either direction, with proper price action and TDI crosses can also be successful."

Thanks again for your comments.

Regards

Ballistical
Focus on the process and the profits will follow
  • #55,563
  • Edited 10:35pm Apr 4, 2015 10:21pm | Edited 10:35pm
Quoting rupasi
{quote} Hi there TSS! Can you speak about your entries? On the EURJPY, I'm seeing a move above the double top on the previous London session and what looks like a bounce to the upside. It is also above the H4 high of yesterday. Was the TDI angle present when you placed the trade? It looks like a bounce after the fact but perhaps it could have been a cross to the downside? PA is above 200ema with a very puny change of color bar but did close above the 200ema. Was there positive news for the euro also?
If you read Phx62 books, you will find that he talks about trend continuation if the move started in Asian , then LO with good PA can continue the trend but the question is when?

Since TDI red green was in good angle, I took the bounce over Red in both cases , it was not valid to be taken at LO opens
I Have Learned to Take Some Losses to Make Profits
  • #55,564
  • Apr 5, 2015 7:29pm Apr 5, 2015 7:29pm
Quoting emmanuel7788
{quote} {image} There is no uptrend on the Daily chart you posted above. Look at the Monthly, you see that on your Day chart - the Mar month Open high and Close low, that is Bearish bias when we trade April opening like in this week 1 to 3 April. Switch your price chart to see the Bar Chart over the Synergy_APB Pro. This will show the real price price Open and Close, and also the High and Low...OHLC. Look at MN chart, what is the market type? trending or sideways? what is the range? Identify those key swing levels of the price and use them as your...
Dear Emman,

Thanks once again. Its new trading week, and I shall work on the above points for GN this week and report what I have got.
  • #55,565
  • Apr 5, 2015 10:47pm Apr 5, 2015 10:47pm
Hi All

I have been trying to use the MTF (tdi) to confirm entries and find that the version I have repaints. does anyone know of a version that doesn't repaint and if possible please post here?

thanks in advance
  • #55,566
  • Apr 6, 2015 1:04am Apr 6, 2015 1:04am
Quoting kminler
Hi All I have been trying to use the MTF (tdi) to confirm entries and find that the version I have repaints. does anyone know of a version that doesn't repaint and if possible please post here? thanks in advance

Don't waste time looking for it. All the TDI versions are derived form the real price hence they are all lagging the price action. All this is only 10% of a system.
Rather spend your time to learn Price Action and trade with price action at support and resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,567
  • Apr 6, 2015 2:12am Apr 6, 2015 2:12am
Can anyone share with me on how to manage impulsive trading and over-trading and the feeling of wanting to win (using guts to trade)right after a lose trade?

The feeling is terrible. Moreover, I'm just in the practice stage using small amount of my savings. Can't imagine if I lose big money, the feeling will getting worse. Please help me on the psychological level, thanks.
  • #55,568
  • Apr 6, 2015 2:32am Apr 6, 2015 2:32am
Read Mark Douglas’s book Trading in the Zone - he analyzes what goes through a trader's mind and how to deal with all those issues.
It is a must read to deal with any mind issues.
Just my opinion though .... :nerd:
Never give up !!!
  • #55,569
  • Apr 6, 2015 3:25am Apr 6, 2015 3:25am
Quoting mousteven
Can anyone share with me on how to manage impulsive trading and over-trading and the feeling of wanting to win (using guts to trade)right after a lose trade? The feeling is terrible. Moreover, I'm just in the practice stage using small amount of my savings. Can't imagine if I lose big money, the feeling will getting worse. Please help me on the psychological level, thanks.
To deal with psychological issues, the common approach is to consult a psychologist. But before we do that, we can become our own trading psychologist. It is not so difficult as most of the psychological issues traders face are common among all traders.
One good book which I have in my trading library is this one below.

Attached Image (click to enlarge)
Click to Enlarge Name: Steenbarger 101 Daily Coach.png Size: 264 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,570
  • Apr 6, 2015 3:35am Apr 6, 2015 3:35am
GBPNZD 6 Apr H1 London Open

Don't be too eager to trade just be seeing TDI cross, TDI angle, TDI bounce, etc.
Look at the Price Action first, look to the left of the chart...see the previous Price Action.

Attached Image (click to enlarge)
Click to Enlarge Name: GNPNZD 6 Apr H1 LO.png Size: 68 KB


The above chart shows a H1 Master Candle and price has not broken out of the MC High-Low yet.
Today' Asian session already set the high-low, but the price action is still in consolidation.
With the European and the UK markets closed, liquidity is very thin and we must wait till the US session to see what happens next.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,571
  • Edited Feb 1, 2018 11:20am Apr 6, 2015 3:45am | Edited Feb 1, 2018 11:20am
Quoting theunis
Read Mark Douglass book Trading in the Zone - he analyzes what goes through a trader's mind and how to deal with all those issues. It is a must read to deal with any mind issues. Just my opinion though .... :nerd:
Thank you, Theunis, I got it from Google. For anyone who's interested in this book, please see the attached.

{ copyrighted attachment deleted by staff }
  • #55,572
  • Apr 6, 2015 3:56am Apr 6, 2015 3:56am
Quoting emmanuel7788
{quote} To deal with psychological issues, the common approach is to consult a psychologist. But before we do that, we can become our own trading psychologist. It is not so difficult as most of the psychological issues traders face are common among all traders. One good book which I have in my trading library is this one below. {image}
Thank you, I guess there are just more and more things to know in Trading Made "Simple", hahaha.

This is the link, in case , anyone wants to read it.

http://www.beletrie.eu/data/attachme...ng%20coach.pdf
  • #55,573
  • Apr 6, 2015 4:53am Apr 6, 2015 4:53am
Quoting mousteven
{quote} Thank you, I guess there are just more and more things to know in Trading Made "Simple", hahaha. This is the link, in case , anyone wants to read it. http://www.beletrie.eu/data/attachme...ng%20coach.pdf
only 10% is Simple,
another 30% is Easy,
the rest 60% require lots of Work.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,574
  • Apr 6, 2015 5:12am Apr 6, 2015 5:12am
Well said Sir .... I could not agree more !!!
Never give up !!!
  • #55,575
  • Apr 6, 2015 5:16am Apr 6, 2015 5:16am
Hello Everyone,

I read through a lot of the documents here and looked at quite alot of charts, but i still cant find the complete set of indicators for the
"Why the E.A.S.Y. Method?"

Is there a template with all indicators like TDI, PAC, HEIKEN ASHI, Market Base Line and Volatilty Bands as shown in the PDF mentioned above?
Thank you very much for this nice system i want to test it next week.

And which time frames do you recommend? Most of the poeple speak of H4 and H1, right? Also Indextrading Possible with this method?
  • #55,576
  • Apr 6, 2015 5:21am Apr 6, 2015 5:21am
A good time to tackle some old charts and practice to "see" the entries and exits and the flow and rhythm of the market etc etc .... or read a book about trading psychology
Never give up !!!
  • #55,577
  • Apr 6, 2015 5:26am Apr 6, 2015 5:26am
Quoting emmanuel7788
{quote} only 10% is Simple, another 30% is Easy, the rest 60% require lots of Work.
Sorry for asking too much
Would you please share with us what are the 10%, 30% and 60% in details, so I can clearly understand what are the things to master down the road.


Please!~~ Thank you in advance.
  • #55,578
  • Apr 6, 2015 6:02am Apr 6, 2015 6:02am
Quoting lovedrunken
Hello Everyone, I read through a lot of the documents here and looked at quite alot of charts, but i still cant find the complete set of indicators for the "Why the E.A.S.Y. Method?" Is there a template with all indicators like TDI, PAC, HEIKEN ASHI, Market Base Line and Volatilty Bands as shown in the PDF mentioned above? Thank you very much for this nice system i want to test it next week. And which time frames do you recommend? Most of the poeple speak of H4 and H1, right? Also Indextrading Possible with this method?
TMS for beginners : Post#52,707

5-Method and 21/233 Method Post#3018, Post#4104,

Move to the new TMS thread 26 Aprl 2011 ... Post#4,432

A Simple TMS Checklist : Post#37,093

Current used indicators, Synergy_Pro zip : Post#50,241

TMS is trend trading. There is a trend in every timeframe. You can trade all timeframes with TMS.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,579
  • Apr 6, 2015 6:11am Apr 6, 2015 6:11am
Quoting emmanuel7788
GBPNZD 6 Apr H1 London Open Don't be too eager to trade just be seeing TDI cross, TDI angle, TDI bounce, etc. Look at the Price Action first, look to the left of the chart...see the previous Price Action. {image} The above chart shows a H1 Master Candle and price has not broken out of the MC High-Low yet. Today' Asian session already set the high-low, but the price action is still in consolidation. With the European and the UK markets closed, liquidity is very thin and we must wait till the US session to see what happens next.
missed the H1 boat, now wait for a possible H4 entry....
Attached Image (click to enlarge)
Click to Enlarge Name: GNPNZD 6 Apr H1 missed the setup.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,580
  • Apr 6, 2015 6:16am Apr 6, 2015 6:16am
Quoting mousteven
{quote} Sorry for asking too much Would you please share with us what are the 10%, 30% and 60% in details, so I can clearly understand what are the things to master down the road. Please!~~ Thank you in advance.

get some idea at post#52,491

do a search in this thread using keyword "mental fitness', you will find a few posts to read up.

Attached Image (click to enlarge)
Click to Enlarge Name: FF search mental fitness.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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