Trading Made Simple | Page 2870 | 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

  • #57,381
  • May 27, 2015 6:21am May 27, 2015 6:21am
Quoting Donquixote
{quote} -30 PIP {image} i was aware my trade has so much risk its near 10 ema ( i just realize that 10 ema so strong) cuz if u see daily chart {image} the tdi still pointing down i was hoping that the price break 10 ema and make reversal or at least a retracement on that trade. Correct me if i were wrong . Thanks
Hi Don,
If you had used the Synergy Pro APB and TDI you would have seen that the APB you entered on had not closed outside the PAC which is a basic TMS no go.
Also you entered before the candle closed which can be dangerous as it could easily retrace during that last hour.
Attached Image
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,382
  • May 27, 2015 7:31am May 27, 2015 7:31am
Quoting Lookleft
{quote} I was wondering when you would turn up. Nice one as usual
Thanks for the support Lt
Sad i'm not trying to understand PA
  • #57,383
  • May 27, 2015 8:24am May 27, 2015 8:24am
Quoting Donquixote
{quote} -30 PIP {image} i was aware my trade has so much risk its near 10 ema ( i just realize that 10 ema so strong) cuz if u see daily chart {image} the tdi still pointing down i was hoping that the price break 10 ema and make reversal or at least a retracement on that trade. Correct me if i were wrong . Thanks
Don,

TMS is trend trading. You tried a counter trade. These require other type skills - being able to read impulse strength, consolidation/retracement types and fibonacci levels. I see none on your chart. TDI cannot show you the way in these cases.
Best regards, Zef
  • #57,384
  • Edited May 28, 2015 4:09am May 27, 2015 9:36am | Edited May 28, 2015 4:09am
Quoting Sesamstrasse
{quote} Your TP is smaller than your SL , bad entry( TDI wasnt a clear cross 12 to 2 and 4 to 6 !!) .. M1 without any view of a higher timeframe , and the fancy indicators will confuse you more than they give you .......... sorry to let you know ........... but this has nothing to do with TMS . Guido

Well Guido I already admitted I didn't look at the indicators before I entered. My bad. You jumped to conclusions about the 1M though, I had the 15M chart set next to the 1M and that chart was pointing down. I also had a multimeter in that 15M chart with every timeframe showing red. I am a trend follower and tend to scalp rather than longer term trading and have had another successful evening short scalping even though that first trade went against me somewhat. Trailing stop took me out of that one with 5 pips. Made the rest of my quota as well in 3 other short scalps on the pair I'm trading. Nuff for me for now.

Fancy indicators, they are not that fancy, just simple RSI's from MT4 set in a way I stumbled across myself a while ago. I'm impressed with what they show in the candles when they cross each other. The other one is just multi stochastic set in a way that shows me when it is safer to trade. It's an MQ4 but they can be set manually as well. I find them both very useful when I do look at them

The chart itself, synergy Pro APB, commonly used in this thread along with Synergy pro TDI is the reason I posted that chart here, esp since I performed that trade on. Actually posting it as an example of what not to do, and also a bit of a dig at myself.




Kev
"You know what needs to be addressed , completely completely reverse that".
  • #57,385
  • May 27, 2015 10:10am May 27, 2015 10:10am
Quoting Kmw
{quote} Well Guido I already admitted I didn't look at the indicators before I entered. My bad. You jumped to conclusions about the 1M though, I had the 15M chart set next to the 1M and that chart was pointing down. I also had a multimeter in that 15M chart with every timeframe showing red. I am a trend follower and tend to scalp rather than longer term trading and have had another successful evening short scalping even though that first trade went against me somewhat. Trailing stop took me out of that one with 5 pips. Made the rest of my quota...

Aah nonono.
Its not that easy !

You forgot ;
there was NO clean cross TDI ( 12 to 2 or 4to 6 ) ,
second your LFTS indicator ( fancy or not ) takes its space on your chart an makes a cleav view even worse and has nothing to do with a TMS ..
The RSI ( is already in the TDI ) is the next point , what takes unnecesary space in the chart and a good view is gone.

And the multimeters dont show exactly what the chart ( here a m15 does!!) , it shows not is the price close to a support, or even driven almpost al way to a target ... candlesize .. and so on .(priceaction by itself )

I really dont want to critisize you but in fact you violated the major rules .
Guido
Risiko birgt immer auch die Chance.
  • #57,386
  • May 27, 2015 11:22am May 27, 2015 11:22am
Hello TMS members,

I was browsing through my charts(4 hr) just 1 hr before work and saw this EJ H4 setup forming. As, I saw yen was showing weakness among all pairs and EJ H4 was the only setup that met my trading criteria so I went ahead and pulled the trigger. Entered on the close of trade setup candle confirmation from TDI.

I just trade two pairs (EA and GJ) at this time but this EJ H4 trade was one of those TMS setup that you don't want to miss. Although, my final TP was never got hit but I'm happy with what I got out of market. It was 20 mins work before the trade and 5 mins work (Closing some profits and moving SL to BE) at my regular job during the tea break.

EJ H4 Trade Setup
Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 Buy 270515.png Size: 281 KB


EJ H4 Trade SL hit with partial profits
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Buy H4 Trade SL hit 270515.png Size: 206 KB


Kindest Regards
  • #57,387
  • Edited 12:33pm May 27, 2015 12:15pm | Edited 12:33pm
Quoting Sesamstrasse
{quote} Aah nonono. Its not that easy ! You forgot ; there was NO clean cross TDI ( 12 to 2 or 4 to 6 ) , second your LFTS indicator ( fancy or not ) takes its space on your chart an makes a clear view even worse and has nothing to do with a TMS .. The RSI ( is already in the TDI ) is the next point , what takes unnecessary space in the chart and a good view is gone. And the multimeters don't show exactly what the chart ( here a m15 does!!) , it shows not is the price close to a support, or even driven almost all way to a target ... candlesize...
Grins. (Aah nonono . That phrase is cute, distinctly european,,, No offence meant by my saying this ) But anyway moving on, one of the things I realised about trading is it is in some ways personal to oneself, that is one cannot trade exactly as another man or woman trades. I can learn from, glean a few things but when it comes down to it I have to trade the way that works for me. I am not Big E, the originator of TDI in this website (?). Emmanual, Lastingwell, Likica, others, good traders and very helpful to others in the thread. (trust you ones don't mind the mention) Scorp-edo, scutler of pips . I have subscribed to another couple of traders in the last day or so as well, one of whom uses and seems knowledgeable in the use of Synergy. I'll watch him for a while and glean a few things maybe. Synergy Pro wasn't around as far as I am aware when I left the forum (Yes I've been here before, part of things here for a good year until I had to leave because of my own life situation 8/9 months ago) Right into TDI back then. Yes I have moved away from it's use in the last couple of months since I returned to trading. This why I did not post into the thread other than to say gidday when I did come back here a couple of months ago. Other than today that is.

Okay. I've already said I did not check the indicators, which includes the TDI. 12/2, 4/6. You do keep going on about that The LFTS show very strongly slopes to match tdi on a good move, both up and down. In fact there is a trading system that works well using those multistochastics, its called trading the rope.
Yes the RSI is within the TDI, but only one not two, It's 13 in TDI_red_green, 10 in SP-TDI. I'm more interested in the RSI cross 4 over 13 as it relates to the candles on the main chart, again both up and down. Hence that RSI window of mine.

Yep I violated TMS rules with my multistochs but then again, I am not afraid to step out of the boat. It might be called innovation

Cheers Guido, and goodnight from me, it's 1 am and I got to get up at 5 for work. Groannnnnnn
"You know what needs to be addressed , completely completely reverse that".
  • #57,388
  • May 27, 2015 1:02pm May 27, 2015 1:02pm
GJ H1 losing trade pulled the plug as soon as I woke up early morning with -30 pips loss.

Was I too uneasy to enter the trade, yes may be.
Did I follow all my rules before taking the setup ? No
Did I re-evaluate my losing trade and learnt from it ? Yes

What was the original setup on GJ H1 ?
Attached Image (click to enlarge)
Click to Enlarge Name: GJ sell trade Candlesticks with MTF TDI 270515.png Size: 274 KB


Was I missing something at the entry ?
Attached Image (click to enlarge)
Click to Enlarge Name: GJ H1 Candlestick losing trade.png Size: 248 KB


PAC and candlesticks
Attached Image (click to enlarge)
Click to Enlarge Name: GJ H1 candlestick losing trade with PAC.png Size: 277 KB


PAC and APB's
Attached Image (click to enlarge)
Click to Enlarge Name: GJ H1 losing trade with APB and PAC.png Size: 237 KB


Kindest Regards
  • #57,389
  • May 27, 2015 1:30pm May 27, 2015 1:30pm
Quoting MrAussieFX
GJ H1 losing trade pulled the plug as soon as I woke up early morning with -30 pips loss. Was I too uneasy to enter the trade, yes may be. Did I follow all my rules before taking the setup ? No Did I re-evaluate my losing trade and learnt from it ? Yes What was the original setup on GJ H1 ? {image} Was I missing something at the entry ? {image} PAC and candlesticks {image} PAC and APB's {image} Kindest Regards
Hi MrAussieFX, i'm new to TMS but I noticed that trades against MBL direction are against the odds, if the angle of MBL is very against you i'm out, this is one of my rules that I see before take a trade, maybe i'm too conservationist ? idk yet, still testing...

I'm also interested on comments about PAC, i'm sometimes entering too late on trades because of waiting the candle to close outside it
  • #57,390
  • May 27, 2015 1:40pm May 27, 2015 1:40pm

Attached Image

Attached Image

Attached Image

Attached Image
  • #57,391
  • May 27, 2015 4:02pm May 27, 2015 4:02pm
Quoting Rajitomate
{image} {image} {image} {image}
Nice trades rajitomate!

Let me highlight one common element in all theses winning trades. All tdi crosses for long trades were taken above the 50 line, and all short tdi crosses were taken below the 50 line. Worth thinking about :-). Also, I like how you highlighted the 50 with a horizontal line.

Happy pipping,
N
  • #57,392
  • May 27, 2015 6:23pm May 27, 2015 6:23pm
Quoting Trader MT4
Hello BigEMM, please describe me, what you mean: "I trade H1, H4, Daily" Do you trade Daily on Daily TF (swings) ,H4 on H4 TF (swings) and H1 on H1 chart TF (swings)?

Go to the old thread link here:

http://www.forexfactory.com/showthre...06#post8287906
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,393
  • May 27, 2015 6:48pm May 27, 2015 6:48pm
Quoting emmanuel7788
EURAUD 26May H1 trades: {image} Took these trades at LO yesterday. Trade entry was when price broker above the LO candle high after consolidation was seen with the H1 WRB around the BRN 1.4000. Take note of how the market reacted at the 200EMA and Historical Support&Resistance 1.4067 (RN1.4050).
http://www.forexfactory.com/attachme...1&d=1432689531

The last Pos 3 exited at +25pips. I moved the initial SL to Entrey p[rice EP +25pips which was the exit for TP1 knowing the BOE CAD rate annoucement.
that spike down took out my stop and continue upwards which eventually did reach my original TP3 1.4120. This happens often...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 22 26 May H1 trades closed.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,394
  • May 27, 2015 7:04pm May 27, 2015 7:04pm
Quoting beerck
{quote} Dear Emanuel According from the picture, For Scalping, Active and Moderate. Could you please more clarify about that ? Cos i'm not a native and not good in English but I tried hard to understand. Does Scalping means about 10-20 pips, Active means more than Scalping and Moderate is a bit longer term than Active ? Am I right?

Hi beerck,

The terms - Scalping, Active and Moderate were original terms used by Dean Malone who created the Traders Dynamic Index.


Scalping is a trading strategy used by traders (aka scalpers) to buy/sell a currency pair and then to hold it for a very short period of time and to take small profits. To be profitable over a long term, scalpers usually take large number of buy/sell trades under certain market conditions. These will make up of many trades with small profits as well as losses. The overall win rate must be high because the risk reward usually is 1:1.

In TMS 5-method, we can scalp in lower timeframes M15 and M5 usingthe same rules with the TDI and APB.

However, when Big E scalps the H4, he basically was looking at the price action of the APB candle and the TDI cross. He will take the trade when the TDI cross and he monitor the trade closely in such a way that should the same H4 entry candle pulls back, he would jump out. he did not wait for the next H4 candle and TDI for exit. this is what he meant when he say he scalp in H4.

Hope this explains.

BTW, I replied your PM. Please check that.

regards,

Edit: Big E on scalping... 5 posts with keyword search.
\
Attached Image (click to enlarge)
Click to Enlarge Name: Big E on scalping H4.png Size: 104 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,395
  • May 27, 2015 7:19pm May 27, 2015 7:19pm
Quoting RobertCole
{quote} Hi Emmanuel, Do you have any statistics on taking partial profits opposed to a single PT? Regards Rob

hi Rob,

Yes, the team do keep their own trading statistics. Not everyone achieved major improvements in their overall win-rate and expectancy but this has nothing to do with the money management and exit strategy. Trading discipline is still an issue with a couple of traders and this is the root cause for inconsistency.
On an average the win-rate is 55% and the Expectancy is 2.3.

You can read about the background of how this started.
Money Management Strategy for TMS: Post#48,008

Instead of looking at this as scaling out, it would be better to consider this as
Using Multiple-Lot Positions to Improve trading TMS: Post#33,507

Scaling-out does have some disadvantages as many forex coaches say. But on the other hand, when we see that as multi-lot entries and exits, it has helps the traders psychologically when they achieved wins in the first Pos with TP1 quite easily in most cases. This TP1 exit profit is to reduce the overall risk of the trades when traders do not move their initial SL so quickly.

Entry and Exits ... Post#19,617
How to Build a Position: Post#19,588

It is all about Entry and Exits.


regards
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,396
  • May 27, 2015 8:04pm May 27, 2015 8:04pm
Quoting emmanuel7788
EURJPY D1 chart trading: I'll be staying away from this pair for a few more days until I see a clearer picture. {image}

EURJPY, the picture got clearer when I see support...

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY week 22 D chart 28 May.png Size: 84 KB


The Weekly Wide Range Bar Low provided the Support ('Floor') for us to decide to buy.
Now we look at a few Resistance along the way Up.... fight each one.

Where is the 'ceiling'?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,397
  • May 27, 2015 9:04pm May 27, 2015 9:04pm
Quoting MrAussieFX
GJ H1 losing trade pulled the plug as soon as I woke up early morning with -30 pips loss. Was I too uneasy to enter the trade, yes may be. Did I follow all my rules before taking the setup ? No Did I re-evaluate my losing trade and learnt from it ? Yes What was the original setup on GJ H1 ? {image} Was I missing something at the entry ? {image} PAC and candlesticks {image} PAC and APB's {image} Kindest Regards
Hi MrAussieFX! Thnk u for your analysis and suggestions regarding PAC and APB. That's very helpful.

Regards,
Winners Never Quit, Quitters Never Win
  • #57,398
  • May 27, 2015 9:14pm May 27, 2015 9:14pm
Quoting emmanuel7788
{quote} EURJPY, the picture got clearer when I see support... {image} The Weekly Wide Range Bar Low provided the Support ('Floor') for us to decide to buy. Now we look at a few Resistance along the way Up.... fight each one. Where is the 'ceiling'?
Hi emmanuel7788! As i've moved to Dailies, your analysis of daily charts is always helpful.

Regards,
Winners Never Quit, Quitters Never Win
  • #57,399
  • May 27, 2015 9:20pm May 27, 2015 9:20pm
It was more of NEWS trading than TMS ... Sorry for tht ...
Tuesday was a Bullish Close ... Neither the Bulls not the Bears could not control yesterday ...
Aussie have been churning out -ve NEWS .. for themselves that is ... Keeping this in mind entered with 120 pip TP and 40 pip SL ...
Had pending buy order at a distance of 50 pip .... with TSL of 35 pips ...
Total 3 trades ... all hit TSL ...
What a way to start the day ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 43 KB
  • #57,400
  • May 27, 2015 10:13pm May 27, 2015 10:13pm
I am a new member here. I have a question here. It see that all the indicators used for TMS are for Metatrader 4 platform. I have been using FXCM trading station and I am more comfortable with it rather than Metatrader4. So my question is are there indicator versions for FXCM trading station? If yes where can I have them?

Thank you very much in advance.

Okoso
33 traders viewing now