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Trading Made Simple

  • #56,021
  • Apr 18, 2015 4:01am Apr 18, 2015 4:01am
Quoting emmanuel7788
{quote} Its weekend and for those of you who are new to this Trading Made Simple TMS thread, you may start reading from post#1. That will be daunting task for many having to read all 56,000 posts to learn a simple trading method to catch up here. The above post with selected links will help you get to know TMS' history and what Trading Made Simple is. As introduction, go back to the post#55,982 and follow the links. Have a Good Weekend.

Emmanuel, sorry for being so tiresome with you and asking a lot, I hope you could help me with this.

As I told you before, I'm using your three pending order scripts on H4. I know that I have to take into account the volatility of each pair, but to simplify let's say I have 100 pips of SL, which in case things go wrong could mean a total loss of 300 pips, and although I reduce the lot size, the total loss is still huge.
Do you achieve your TP3 most times? I've noticed that your total loss could mean 150 pips, but your total win is 175 pips, so your R:R is greater than 1:1 which is good.

My TPs are 50, 100 and 150, if TP3 is hit mean a total of 300 pips, a R:R of exactly 1:1. That is, if TP3 is hit, which if not on strong trend, it won't be hit, but I'd need to still have the same SL, so the R:R would not be good (less than 1:1). For having a R:R greater than 1:1, I 'd need to have my TP3 set to 200, which I think is too much for swings. My losses could be huge, and my profits will not run a lot.

My concern is those trades when the price goes against you on the following candles, because when my TP1 is hit, I make BE, so no worries.

Furthermore, I'm not entirely convinced of a bad trade wiping out more than one trade.

How do you know you are in a bad trade? Do you allow the trade go 50(x3) pips against you? On H4, I've seen trades making a wick of 60 pips against me and then going in my direction, but other times my analysis is bad and I don't notice, so I wait thinking that it could be just a minor pullback and then I got stopped out.

What are your suggestions on this?

Thank you very much for all your help.
Had to be me. Someone else might have gotten it wrong.
  • #56,022
  • Apr 18, 2015 4:59am Apr 18, 2015 4:59am
After a long time, I had a chance to trade during the NY session on Friday when my ordinary job finished early .

EA Buy H1 Live Account (NY session)

Attached Image (click to enlarge)
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Kindest Regards
  • #56,023
  • Apr 18, 2015 6:12am Apr 18, 2015 6:12am
Quoting MrAussieFX
After a long time, I had a chance to trade during the NY session on Friday when my ordinary job finished early . EA Buy H1 Live Account (NY session) {image} Kindest Regards
Thank You for the very simple explanation for your two trades

Would you be kind enough to share your template alongwith the ADR and Weekly/Daily High/Low indicators. Just like your simple template thus the request.

Thanks and Regards,

Raza
Raza
  • #56,024
  • Apr 18, 2015 6:30am Apr 18, 2015 6:30am
Quoting shr5
{quote} Thank You for the very simple explanation for your two trades Would you be kind enough to share your template alongwith the ADR and Weekly/Daily High/Low indicators. Just like your simple template thus the request. Thanks and Regards, Raza
Edit: ADR and Weekly/Daily High/Low indicators i found from one of your old posts. So i'd just be needing your template.

Thanks in advance.

Best Regards,

Raza
Raza
  • #56,025
  • Apr 18, 2015 10:01am Apr 18, 2015 10:01am
Only three trades this week. One has already been posted. Here are the other two.
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  • #56,026
  • Edited Apr 19, 2015 5:10am Apr 18, 2015 12:56pm | Edited Apr 19, 2015 5:10am
EA ranging the past week - difficult for TMS, which is trend action.

Situation looks set to break out next week:

Intra-day, price has been bouncing off the 2014 and 2015 lows, crossing them a couple of times but with quick retracement above the line.

Price will go down, following the LH LL weekly / daily pattern?
Or the two years' lows are too strong and will push the price right up ?

A CPI on inflation on AUD next week plus a speech of the RBA Governor. I'm counting on the inflation news to kickstart a trend on this pair so we can jump in after these ranging weeks.
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GA we find also on a historical support level, off of which it has been bouncing for the past year. Also a psychological level of 2.0 rejected it earlier this year.
The LH LL pattern also visible lately, so where will the price go?

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A good weekend everyone.
Best regards, Zef
  • #56,027
  • Apr 18, 2015 4:36pm Apr 18, 2015 4:36pm
hi all ,
how r u ?? i am new to this forum and also new to tms system?? so please give me some replies to my rookie questions..
1) the original method that bige used was quite simple and he was making a lot of money i suppose with that, so i cant understand why there are so many improvements.. does the original method no longer works ??

2) also , apart 4m tdi and stoch and ha candles , do we have to take anything else into account ??
3) also please guide me on the right track so that i can also learn this simple method!
thanks all and hey happy weekends
  • #56,028
  • Apr 19, 2015 6:17am Apr 19, 2015 6:17am
I've read a lot of posts from the original creator but I can't find a lot of info regarding the updated TDI and APB indicators. I'm talking about Synergy_Pro_TDI and Synergy_Pro_APB.
In regards to the Pro TDI, I was wondering how the yellow and blue lines impact the possible setup.
For the Pro APB, were can I find more info on how to interperate the two MA's?

In all honesty, the original TMS was indeed, simple, but with these pro versions, well,... I don't know if simple is the correct word
  • #56,029
  • Edited 7:54am Apr 19, 2015 6:46am | Edited 7:54am
Quoting mordin
{quote} Emmanuel, sorry for being so tiresome with you and asking a lot, I hope you could help me with this. As I told you before, I'm using your three pending order scripts on H4. I know that I have to take into account the volatility of each pair, but to simplify let's say I have 100 pips of SL, which in case things go wrong could mean a total loss of 300 pips, and although I reduce the lot size, the total loss is still huge. Do you achieve your TP3 most times? I've noticed that your total loss could mean 150 pips, but your total win is 175 pips,...

Hi mordin,

There is a pdf Post#33,507 which explained the H4 trading Using Multiple-Lot Positions.
It is important that we use percent risk and position sizing when we trade multiple lots.
It does not matter if the SL is 50 pips or 100 pips when we use position sizing. The problem here is most traders trade with fix lot size and they fear 100 pips SL.

When we trade H1, the TP1 is 25pips for those 12 pairs I trade. When we pick a good entry candle with momentum and volatility, the TP1 should exit in 2 to 3 H1 candles. This TP1 will help reduce the overall risk of the other two positions. Usually, I will move my initial SL to BE when TP2 is exited.
If after first entry and you don't see the market move in your trade direction, you must be prepared to exit.
Remember that we must not chase after large candles because the next candle can retrace in most cases. This can be the case where you get 60pips retracement in H4. The better way to enter after a large candle is to wait for a retracement entry, usually a Fib38/50 entry.
You need to know the hourly volatility and the timing of the entry. Reversal entries are very risky.

I traded the NZDJPY pairs which I posted my analysis early in the week. This pair had low hourly range and the Weekly range is between 200 and 230 pips. I used the same script on H4 with TP1 set at 25pips.
I exited the trades before the weekend as the the G20 and IMF meetings.

Attached Image (click to enlarge)
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Next week, there is good continuation opportunity.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,030
  • Apr 19, 2015 12:10pm Apr 19, 2015 12:10pm
Quoting coldvinc
I've read a lot of posts from the original creator but I can't find a lot of info regarding the updated TDI and APB indicators. I'm talking about Synergy_Pro_TDI and Synergy_Pro_APB. In regards to the Pro TDI, I was wondering how the yellow and blue lines impact the possible setup. For the Pro APB, were can I find more info on how to interperate the two MA's? In all honesty, the original TMS was indeed, simple, but with these pro versions, well,... I don't know if simple is the correct word
The PAC or the "yellow brick road" has been discussed here extensively by member snarlyjack. You should read some of his posts from October 2014 onward to see what the MA stands for.

The yellow line on the TDI indicator window, also known as the MBL or market base line, has been discussed as well. Go through posts of senior members like snarlyjack, Phx62, Emmanuel, etc. and you will find plenty info on how that influences/influenced their entries. Some place shorts only when PA is under MBL, and longs when PA is over the MBL. Some don't care.
Member Phx62 was writing in his posts that he noticed how TP's have a greater chance of being hit when one takes into account PA relative to MBL position when choosing trade direction.
http://www.forexfactory.com/showthre...65#post7025265

Some don't use the MBL at all.

The Synergy is painting in real-time the red/blue lines, as opposed to thr old TDI which was a re-paining setup once candles closed.
Best regards, Zef
  • #56,031
  • Apr 19, 2015 3:17pm Apr 19, 2015 3:17pm
Hi all
I managed to get a little time to trade at my laptop this week, not much but it all helps towards the 10,000 hours.
Tuesday I got in on EA at the break of the London open, Didn't like the pull back on the next candle so I closed out for +22 pips. I also had a sell trade on GU (dont usually trade this pair) set my TP and SL to 40 pips, luckily PA hit my TP before turning.
Thursday I bought EA on the break of the FO candle high, closed this for a small win of 11 pips as I was leaving work and didn't want to leave it run. So not a great amount but I'm happy with my first weeks trading for a long time. +63 pips and 3 out of 3 small wins.
Hope everyone has a great week ahead.
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  • #56,032
  • Apr 19, 2015 3:49pm Apr 19, 2015 3:49pm
Quoting emmanuel7788
{quote} Its weekend and for those of you who are new to this Trading Made Simple TMS thread, you may start reading from post#1. That will be daunting task for many having to read all 56,000 posts to learn a simple trading method to catch up here. The above post with selected links will help you get to know TMS' history and what Trading Made Simple is. As introduction, go back to the post#55,982 and follow the links. Have a Good Weekend.

Thanks Maestro
ENJOY YOUR TRADE
  • #56,033
  • Apr 19, 2015 7:58pm Apr 19, 2015 7:58pm
Quoting Emma7788-FAN
{quote} Thanks Maestro

Hi,

your username says a lot...

cheers
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,034
  • Apr 19, 2015 8:06pm Apr 19, 2015 8:06pm
Quoting Next4467
Hi all I managed to get a little time to trade at my laptop this week, not much but it all helps towards the 10,000 hours. Tuesday I got in on EA at the break of the London open, Didn't like the pull back on the next candle so I closed out for +22 pips. I also had a sell trade on GU (dont usually trade this pair) set my TP and SL to 40 pips, luckily PA hit my TP before turning. Thursday I bought EA on the break of the FO candle high, closed this for a small win of 11 pips as I was leaving work and didn't want to leave it run. So not a great amount...

Hi,

some pointers;
- follow your H1 TDI MBL, it shows the next higher TF momentum,
- know the H1 and H4 volatility of the currency pairs you trade
- use stops and targets based on volatility
- know when the best times to place your trades, walk away 'set and forget' works.
- have a disciplined a money management strategy and an exit strategy

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,035
  • Apr 19, 2015 8:19pm Apr 19, 2015 8:19pm
Quoting pipponeur
hi all , how r u ?? i am new to this forum and also new to tms system?? so please give me some replies to my rookie questions.. 1) the original method that bige used was quite simple and he was making a lot of money i suppose with that, so i cant understand why there are so many improvements.. does the original method no longer works ?? 2) also , apart 4m tdi and stoch and ha candles , do we have to take anything else into account ?? 3) also please guide me on the right track so that i can also learn this simple method! thanks all and hey happy...
Hi pipponeur,

You are new, so WELCOME!

You can go back and reading reading from post#1 or you have the choice to take a fast track approach by reading post#55,982 and follow the links there.

quick answers to your questions:

1) The original method is the 5-Method. It works. It will continue to work 100 years from now so long as there is price action and price momentum.

2) You need only two indicators as in the core method. The APB/HA and the TDI. The Stochastics (8,3,3) is an option. The secret is in knowing how to trade with price action at support and resistance.

3) You are in the right thread. This is the right track. Don't take the left track which is the distraction into en endless loop.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,036
  • Apr 19, 2015 8:31pm Apr 19, 2015 8:31pm
Quoting Phx62
Only three trades this week. One has already been posted. Here are the other two.{image}{image}
Hi Phx62,

Another two challenging trades for new traders.

I have a question on your GBPAUD trade.
There were two setups during the London session. From your view, are there technical reasons why those two trade setups should or should not be taken.
See your chart below with my comments.

Attached Image (click to enlarge)
Click to Enlarge Name: Phx62 20-4-2015 8-52-37 AM.png Size: 44 KB


thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,037
  • Apr 19, 2015 9:05pm Apr 19, 2015 9:05pm
Quoting emmanuel7788
{quote} Hi Phx62, Another two challenging trades for new traders. I have a question on your GBPAUD trade. There were two setups during the London session. From your view, are there technical reasons why those two trade setups should or should not be taken. See your chart below with my comments. {image} thanks.
Hi Emmanuel

I belive both should not be taken because of the MC candle, and 1 because of bad crossing angle

But I would also not take the trade where it has been taken on chart because it was still inside the range of that previous MC since it was not broken neither up or down, I belive the candle to enter would be the next one(red arrow) wich close around same level as MC high(yellow arrow)? But I would also not take it because was the 4th candle after change colours and I would belive it was already a late entry (I would probably regret this belief soon , nice trade Phx62!).

Should MC candle be considered to trade only when its MC(3-5)? after those candles the MC has lost its "meaning"?

Have a nice green week
Attached Image
  • #56,038
  • Apr 19, 2015 11:12pm Apr 19, 2015 11:12pm
Quoting emmanuel7788
{quote} Hi Phx62, Another two challenging trades for new traders. I have a question on your GBPAUD trade. There were two setups during the London session. From your view, are there technical reasons why those two trade setups should or should not be taken. See your chart below with my comments. {image} thanks.
emmanuel,
The most obvious reason is that both of the candles that you indicated occurred on Friday (the red vertical line indicates a new week). As I am certain you already know, Friday is not usually a good day to open trades late in sessions, especially with no red news to move the market. Candle 1 opened one hour prior to the New York session open which is not a good time to open a trade with no trending direction in the prior 4 candles. Candle 2 opened 3 hours into the New York session, again with consolidation during the London session. I would have to, at least, see a break above or below the previous candle(s). A direction of price (trend) would give even more confidence to open a trade, indicating that a move was occurring.
The trade I took occurred on Monday during the Tokoyo session and entry was made on a cross of the green over red, above gold and all three lines pointing up. Entry was taken on a break above the second blue candle, with the second blue candle larger than the first and with a big body and small wicks. I have had good luck entering trades at the open of a new week, following consolidation. I did monitor the trade until BE.
Regards,
Phx
  • #56,039
  • Apr 20, 2015 12:24am Apr 20, 2015 12:24am
Quoting emmanuel7788
{quote} Hi, some pointers; - follow your H1 TDI MBL, it shows the next higher TF momentum, - know the H1 and H4 volatility of the currency pairs you trade - use stops and targets based on volatility - know when the best times to place your trades, walk away 'set and forget' works. - have a disciplined a money management strategy and an exit strategy regards,
Thanks emmanuel I will try to remember when I trade next.
  • #56,040
  • Apr 20, 2015 12:57am Apr 20, 2015 12:57am
Hello Emmanuel and friends,
is my Analyse correct?
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