Trading Made Simple | Page 2834 | 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

  • #56,661
  • Edited 9:10am May 9, 2015 7:33am | Edited 9:10am
Attached Image (click to enlarge)
Click to Enlarge Name: Candle Patterns in TMS.png Size: 309 KB


Re-uploading a very useful image I found in a document put together by Emmanuel, which shows different candlestick patterns.

There's lots of pullback formations being broken down in this picture, and Emmanuel provides trade scenarios for approaching most of them. I see many of them as PCRF or Double top / Double bottom formations.

I find the "IF that happens then I will do THIS" thinking to be very good for approaching these formations without psychological trouble.

For example:
IF a pinbar forms around S/R or a Monthly/Weekly lows and its pin is at least 3 times longer than its body, THEN I will do this...
IF FO and LO form a double top/double bottom, THEN I will do that...
etc.

Link to Emmanuel's PDF:

http://www.forexfactory.com/attachme...mentid=1339552


GA Pinbar and divergence. But what's next ?

Attached Image (click to enlarge)
Click to Enlarge Name: GA.png Size: 85 KB
Best regards, Zef
  • #56,662
  • May 9, 2015 9:24am May 9, 2015 9:24am
[quote=emmanuel7788;8253220]{quote}{quote} Good trades. You are still doing Single Entry / Single Exit SE/SE. If you consider Single Entry/ Multiple Exits SE/ME, your win rate will improve much quicker. This will increase your confidence level...


Thank you Emmanuel for your expert advise. The SE/ME is something I need to learn and I will review your posts this weekend. I believe the main concept is just using multiple lots and exit in batches using CM settings. But I learn with slow pace and it takes at least couple of rinse/repeat activities for me to grasp the topic

Best Regards and always feel good to get reply from senior members.

hoperich
  • #56,663
  • May 9, 2015 9:32am May 9, 2015 9:32am
[quote=Ballistical;8253318]{quote}{quote} Excellent trading HR! You got some really nice moves this week, particularly well timed exits on Monday and Thursday's trades! Just out of interest what kind of SL strategy are you using? Keep up the green

Thank you Ballistical. I read your weekly reviews every weekend with great interest as your approach is close to mine and I am learning the patience from you. My SL is always like PHX62 and it is 50 SL and TP is 100 pips. But I usually close the trade with opposite color candle completed or long pullback bar. The SL is just for emergency when you can't avoid the unknown. Usually I use smaller TP with Counter Trend trades and 100 TP with Daily trends and I can close the trades anytime Market losing its momentum.

Regards, hoperich
  • #56,664
  • May 9, 2015 9:54am May 9, 2015 9:54am
WOW...thank you ZeF for posting the PDF and Emmanuel for creating it; VERY helpful!
  • #56,665
  • May 9, 2015 10:06am May 9, 2015 10:06am
Quoting emmanuel7788
{quote} .......There is one NFP H1 candle in the H4 candle and the same H1 candle in the D1 candle. How often do the NFP day reverse the market? What do you leanr from this? regards,
Hi Big Emm! Got your point, thnx a lot.
Winners Never Quit, Quitters Never Win
  • #56,666
  • May 9, 2015 12:42pm May 9, 2015 12:42pm
ok i get how this works now ok youve hooked me in, can someone please tell me where to get this tdi indicator from i cant see it in my mt5, not sure if its being used as the entry point any more as i havnt fully read up yet.
thank you
  • #56,667
  • May 9, 2015 1:07pm May 9, 2015 1:07pm
Quoting jonisonvespa
ok i get how this works now ok youve hooked me in, can someone please tell me where to get this tdi indicator from i cant see it in my mt5, not sure if its being used as the entry point any more as i havnt fully read up yet. thank you
Post#50,241
  • #56,668
  • May 9, 2015 2:26pm May 9, 2015 2:26pm
Quoting ZeF
{image} Re-uploading a very useful image I found in a document put together by Emmanuel, which shows different candlestick patterns. There's lots of pullback formations being broken down in this picture, and Emmanuel provides trade scenarios for approaching most of them. I see many of them as PCRF or Double top / Double bottom formations. I find the "IF that happens then I will do THIS" thinking to be very good for approaching these formations without psychological trouble. For example: IF a pinbar forms around S/R or a Monthly/Weekly lows and its...
Zef excellent post.i really appreciate your analysis clean and clear as your temp..would you like share your indicator and temp as it is you post(i know my all are on paperclip but you arranged superbly..i like clear chart) .it really very useful and informative with important significant level and number..looking forward..thanks in advance
Say something meaningful or Silence!!
  • #56,669
  • May 9, 2015 3:38pm May 9, 2015 3:38pm
GBPAUD-D1..My view

Price is trading inside weekly WRB. Last week finished with a BUOB. The middle line is the nearest PPZ area RN-1.9400 1.9300. I am bullish bias on this pair. No short for me below RN-1.9400.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Analysis.png Size: 62 KB
Sad i'm not trying to understand PA
  • #56,670
  • May 9, 2015 3:43pm May 9, 2015 3:43pm
ok i think i may have grasped this method am i right in thinking its a trend method, say if yesterdays candal is green then its a bullish day today then look for a green 4hour candal and use the indicator in the trade setup? is this correct
thank you
  • #56,671
  • May 9, 2015 11:55pm May 9, 2015 11:55pm
Quoting adikashyap
NFP effect .......... Done for the week ......... Stay in Green Pips n Greener Pastures .............. {image} {image}
Hi All,

anyone can share pip counter indicator or template like picture above

thanks in advance
  • #56,672
  • May 10, 2015 2:44am May 10, 2015 2:44am
Quoting omonisha
GBPAUD-D1..My view Price is trading inside weekly WRB. Last week finished with a BUOB. The middle line is the nearest PPZ area RN-1.9400 1.9300. I am bullish bias on this pair. No short for me below RN-1.9400. {image}
Hi O,
Thanks for your charts... always learn from them. Also can you please explain more why no shorts?


Quoting classy
{quote} Zef excellent post.i really appreciate your analysis clean and clear as your temp..would you like share your indicator and temp as it is you post(i know my all are on paperclip but you arranged superbly..i like clear chart) .it really very useful and informative with important significant level and number..looking forward..thanks in advance
Classy,
For sure here it is (hope I didn't miss anything). I adapted my temp from an original template posted by MrAussieFX, it's in the paperclip. It looks clear because of the big screen the shot was made from. When I drag mt4 on my laptop screen, it's messy .

Attached File(s)
File Type: tpl AFX H1 GA.tpl   43 KB | 469 downloads

Attached File(s)
File Type: zip Indicators.zip   313 KB | 802 downloads
Best regards, Zef
  • #56,673
  • May 10, 2015 3:28am May 10, 2015 3:28am
Quoting omonisha
GBPAUD-D1..My view Price is trading inside weekly WRB. Last week finished with a BUOB. The middle line is the nearest PPZ area RN-1.9400 1.9300. I am bullish bias on this pair. No short for me below RN-1.9400. {image}
Hi OS! thnk u for ur analysis for GA pair. I'm focussing on D charts owing to my day job, not allowing me to monitor H4/H1 or lower TF. Your D chart analysis is always very helpful.

Regards,
Winners Never Quit, Quitters Never Win
  • #56,674
  • May 10, 2015 3:46am May 10, 2015 3:46am
Quoting ZeF
{quote} Hi O, Thanks for your charts... always learn from them. Also can you please explain more why no shorts? {quote} Classy, For sure here it is (hope I didn't miss anything). I adapted my temp from an original template posted by MrAussieFX, it's in the paperclip. It looks clear because of the big screen the shot was made from. When I drag mt4 on my laptop screen, it's messy . {file} {file}
Oh that is just because on weekly chart i see swing area at near RN-1.9300 1.9200 then the bottom of that WRB. Just don't want to trade facing those trouble area.

Have a nice week ahead
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD-WK.png Size: 24 KB
Sad i'm not trying to understand PA
  • #56,675
  • May 10, 2015 4:08am May 10, 2015 4:08am
GBPAUD Week 20 May 11 to 15

The market reaction on 8 May to the UK elections results drove GA to a high 1.9650 which is the high of the weekly WRB.
We have to be careful if we want to chase after the D candle and buy next week. I will prefer to look at lower TF like H1 and take those smaller trades which cab be ranging between the weekly WRB High-Low.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week 20 D1 chart view.png Size: 93 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,676
  • May 10, 2015 4:28am May 10, 2015 4:28am
Quoting omonisha
Things that i want to remember all the time TMS = TDI, PA, S/R TDI = Looking to take a cross or bounce PASR CandleStick Inside bars Pin bars Bullish outside bars Bearish outside bars Two bar matching lows with second bar making a higher close Two bar matching highs with second bar making a lower close Note: CandleStick patterens are all over the chart they are not important. They are only important when they form at right location. Once spotted this bar setup look for areas of confluence which is where two or more of the following are at/around...
Excellent post! That's the way to go with TMS, will print this and keep it in front of me all the time.
Thanks Omonisha!
  • #56,677
  • May 10, 2015 6:51am May 10, 2015 6:51am
Quoting omonisha
{quote} Oh that is just because on weekly chart i see swing area at near RN-1.9300 1.9200 then the bottom of that WRB. Just don't want to trade facing those trouble area. Have a nice week ahead {image}
Hi omonisha,

Very interesting weekly chart. Take a look at the MN and we may find good long term trades in the following weeks.
Last Thursday' and Friday' D1 candle has some hidden gems.... to pick.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,678
  • May 10, 2015 6:56am May 10, 2015 6:56am
Quoting jonisonvespa
ok i think i may have grasped this method am i right in thinking its a trend method, say if yesterdays candal is green then its a bullish day today then look for a green 4hour candal and use the indicator in the trade setup? is this correct thank you
look at pic A below and ask which trend you are in to trade H4 next week in the EURUSD chart below.

Pic A
Attached Image


EURUSD H4
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 20 H4 trading.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,679
  • May 10, 2015 7:05am May 10, 2015 7:05am
Quoting ZeF
{image} Re-uploading a very useful image I found in a document put together by Emmanuel, which shows different candlestick patterns. There's lots of pullback formations being broken down in this picture, and Emmanuel provides trade scenarios for approaching most of them. I see many of them as PCRF or Double top / Double bottom formations. I find the "IF that happens then I will do THIS" thinking to be very good for approaching these formations without psychological trouble. For example: IF a pinbar forms around S/R or a Monthly/Weekly lows and its...
http://www.forexfactory.com/attachme...1&d=1431174130
Quoting Karado58
WOW...thank you ZeF for posting the PDF and Emmanuel for creating it; VERY helpful!
Hi Guys,

That nice picture was not created by me. I think that came from the James16 thread in the Commercial Content forum. I learned many of the price action trading stuff from that thread and apply them in TMS 5-Method. Those common price action Price Bar patterns and Japanese Candlestick patterns are very useful to look for reversal and consolidation breakout trade setups with TMS.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,680
  • May 10, 2015 7:27am May 10, 2015 7:27am
Quoting Karado58
Emmanuel, It would indeed be a daunting task to start with post #1! Besides starting with your Post#55,982 to establish a "foundation". In your opinion, how far back should a newbie go in the thread to develop an understanding/rhythm for the TMS Method? Thanks. Joseph
Hi Karado,

I know a few members are still struggling trading with the 5-Method. They have read all of eelfranz' posts and studied his trading charts. The common problem is they do not understand what eelfranz meant when he say look at PA and Supp/Res. Posts 261 and 647 are not easy apply on charts. What is lacking is the basic trading knowledge and experience. Some struggle with the trading platform MT4 and the use of MT4 basic tools. While some think that Post#1 is the system itself and must follow that post alone. All these can be discouraging to some traders here and has nothing to do with the TMS 5-Method which is a simple trend trading methodology.
What new traders here need to follow and to do is to post their charts and share their trades - losing trades and winning trades, ask questions and let the more experienced traders give their comments. Then take in all comments and learn from them. Doing this will take time and I suggest every new trader do this for the next 100 trades and then see how much they have learn and confirm their understanding of the TMS 5-Method.
Language difference pose a problem too, but when traders post their charts, I will be able to see what they see on their charts and also see if their charts are setup to let them see what they are suppose to see.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
158 traders viewing now