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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

  • #57,481
  • May 30, 2015 8:50am May 30, 2015 8:50am
Quoting hsn100
Hi! Scalping D chart, got some +35pips on EA last friday, but closed manually owing to Friday and end of the month. Now, looking forward to enter Long on Monday. Here is the chart. Big Emm and senior traders, need ur analysis/suggestion{image}. Regards,
Hi hsn100

EA still inside a weekly WRB. Going long is my view too but again we have to be carefull about the level it's crossing and the next level it's approaching.
You can check the post below.

Trade safe

 

  1. Post 56,451

Sad i'm not trying to understand PA
  • #57,482
  • May 30, 2015 9:37am May 30, 2015 9:37am
Quoting emmanuel7788
{quote} Look at the Monthly chart, then the Weekly chart. Is the market type trending or sideways? What is the range? Where are the key 'support and resistance zones' for June? The potential for June trading is there. Do your Big Picture Plan when you want to trade D1 and H4 charts.
Thnx Big Emm

Quote
Hi hsn100
EA still inside a weekly WRB. Going long is my view too but again we have to be carefull about the level it's crossing and the next level it's approaching.
You can check the post below.
Trade safe
thnx OS.
Winners Never Quit, Quitters Never Win
  • #57,483
  • May 30, 2015 11:46am May 30, 2015 11:46am
Quoting TheScorpS
{quote} Perfect representation of TMS , great results and trading , thanks
Quoting MrAussieFX
{quote} Hi Pervis, Great trades on GU. I hope you don't mind me editing your GU H1 chart and reposting it for anyone who wants to learn how TMS works when you are patient and disciplined in your trading approach. Pervis GU H1 chart edited: {image} Kindest Regards
Hi TheScorpS, MrAussie,

Thanks you all for kind of word and the presentation.


Regards,
  • #57,484
  • May 30, 2015 4:31pm May 30, 2015 4:31pm
Hello guys, so I've been reading some of the posts here at FF, and this system is the one that caught my attention. I already have MT4 with the basic templates, and I have also read a few comments here and there(in this thread), I also have some of the PDF files that emmanuel and other nice guys have shared with us. I started reading from the begining and after reading a few pages I said: Let's start backwards, so, I did that, but I think I need to go back from the beginning again, and think that would be the best for me, what do you think ?. Btw, I'm new to forex, I've been reading, whatching videos in many places for the past 7 months I think, I have one trading plan for one strategy I'm using, and I also have what I call a money management plan haha, but well, I'm just starting with this. So, I really want to learn how to trade with TMS.

See you around guys.
  • #57,485
  • May 30, 2015 4:58pm May 30, 2015 4:58pm
Emmanuel or any other TMS Method veterans please:

From what I gather, TMS works the same across *all* TFs, am I correct here?

Does TMS perform better during one session over another, on the H1 and/or H4?
If so, which part of that session are "typically" most successful trades initiated on the H1 and H4 (while being mindful of the 10 factors below)?

Price Action
Trend
Multi-Time Frame
Momentum
Support and Resistance
Continuation
Volatility
Market Strength
Range
Timing

Thank you in advance!

Karado
  • #57,486
  • May 31, 2015 1:35am May 31, 2015 1:35am
Quoting eelfranz
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... {image}
Hi Eelfranz,

Thanks for all your support.

I would like to learn your method but I am unable to locate the Traders Dynamic Index indicator for entries and exits on my puter.

I am practicing on FXMC Demo account.

Can you advise please?
Thanks.

Best regards,
Vincenz123
  • #57,487
  • May 31, 2015 1:44am May 31, 2015 1:44am
Quoting Karado58
Emmanuel or any other TMS Method veterans please: From what I gather, TMS works the same across *all* TFs, am I correct here? Does TMS perform better during one session over another, on the H1 and/or H4? If so, which part of that session are "typically" most successful trades initiated on the H1 and H4 (while being mindful of the 10 factors below)? Price Action Trend Multi-Time Frame Momentum Support and Resistance Continuation Volatility Market Strength Range Timing Thank you in advance! Karado

Trading Made Simple is the 5-Method.

It works in all timeframes .. Post#4278

Why does it work in all timeframes?

It is simply that TMS is a trend trading method and there is a trend in every timeframe chart we look at.

Attached Image


You can be trading the short-term trend in H1 but counter the Intermediate trend which is the H4 or the Primary trend which is the D1.

That is why you need to know and understand the volatility and range of the currency pair you trade according to the hour of the day. Different currency pair has different hourly volatility during the day, one reason being the different markets has different currency liquidity.

Look at the past 22-weeks volatility the currency pairs below.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD volatility.png Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD volatility.png Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD volatiltity.png Size: 25 KB


Do the same for all the currency pairs:
https://www.mataf.net/en/tools/02-01-volatility

And the market session hours below:

Attached Image (click to enlarge)
Click to Enlarge Name: Market session GMT.png Size: 29 KB


Now based on your own trading hours, you can decide which currency pairs are best to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,488
  • May 31, 2015 11:11am May 31, 2015 11:11am
Quoting emmanuel7788
{quote} .....Now based on your own trading hours, you can decide which currency pairs are best to trade.
Hi Big Emm,
We're going to have to start calling you Professor from now on; thanks so much for the detailed explanation!
Unfortunately I live in the same time zone as eelfranz used to, midnight is my LO and close is at 8am.
LO appears to be where the biggest moves occur, at least from my observations.
Initially I really don't want to be concentrating on more then 1 or 2 pairs, it can get overwhelming for a beginner any more then that.
Any recommendations?
I read that EU and GU should be considered for a newbie to concentrate on initially?!
It would make sense to trade the pair most TMS veterans trade, so as to be able to compare charts and receive feedback at the same time.
Anyway, any thoughts?
Thank you again Emmanuel.
Karado
  • #57,489
  • May 31, 2015 12:18pm May 31, 2015 12:18pm
Quoting emmanuel7788
{quote} You want to trade against the previous Day big red candle. That is dangerous during the Tokyo session when there is unfavourable domestic data release. Better combine the TDI with price action using the APB, and when trading the lower TF H1 and M15, use the TDI in Active or Moderate mode {image} {image}
You're right. Thanks Emmanuel
  • #57,490
  • May 31, 2015 2:45pm May 31, 2015 2:45pm
2015 Week 22 - Trade Summary:

3 trades in total:
- 0 Wins
- 1 BE
- 2 Losses

Posting this later than usual as I've been off surfing all weekend so didn't have time on Friday . I had the week off work last week so plenty of time to trade. Unfortunately things didn't go my way. Finished the week with 2 losses and one break-even trade giving a disappointing -4% on the account. Also my first red week on the live account. This was partly due to some choppy price action but also poor judgement on my behalf.

Monday: I'd already decided with all the bank holidays I wouldn't be trading Monday. I occasionally consider a nice setup on a Euro or GBP bank holiday but on this occasion the US was also off. The whole day was predictably flat with nothing to offer. Definitely best to stay out.

Tuesday: I took a TMS cross entry on a break above Frankfurt. Despite LO being the first blue candle the large Frankfurt pullback only just closed red and forced a TDI cross upwards. All was looking well until a retracement occurred three hours into the trade stopping me out for a loss. Price retested LO price before continuing on to reach the 200EMA where it stalled until the next day. (-25, -2%)

Wednesday: Opened my charts at LO and immediately went long on a continuation of the newly formed trade. Entry was taken on a break above FO and the 200EMA. I assumed LO momentum would be enough push on through the EMA. Yet again, a large retracement several hours into the trade stopped me out before my target was hit. (-25, -2%)

Thursday: Got to my charts at FO to see that the AUD news release had finally pushed price up on away from the EMA. The news candle alone had moved 120 pips and having already suffered two losses at the start of the week, I wasn't confident in taking a signal at LO. Of course, the session I decide not to trade gives a classic TMS signal at LO good for 100 pips by the end of the day.

Friday: I actually overslept and got to my charts during LO on Friday. Waited for the classic TMS signal and entered on LO+1 (2nd blue candle). Price got within 4 pips of my target before a sharp pullback in the US session stopped me out at BE.

A disappointing result but it was inevitable eventually. I'll be looking to hopefully recoup some losses this time round. Several members have asked me about my 25 pip SL in recent weeks, particularly with reference to it being too tight. I agree that both losses this week could have been avoided with a 50 pip SL but I have actually had a lot of success using a smaller SL over the past few months. I tend to find that if price draws back more than 25 pips from my entry then I've got the trend direction for the day wrong. Again, this week was unusual in that sense.

All the best for the coming week guys!

Ballistical
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
Focus on the process and the profits will follow
  • #57,491
  • Edited 8:13pm May 31, 2015 2:51pm | Edited 8:13pm
Quoting vincenzo123
{quote} Hi Eelfranz, Thanks for all your support. I would like to learn your method but I am unable to locate the Traders Dynamic Index indicator for entries and exits on my puter. I am practicing on FXMC Demo account. Can you advise please? Thanks. Best regards, Vincenz123
Hi vincenzo, welcome,

Big E (eelfranz), the creator of this thread and developer of this wonderful system "Trading Made Simple", is no longer with us, he passed away in 2012.

You may address your questions to the many knowledgeable traders here, anyone will be happy to help you.

A good place to start is: Post 55,982
Indicators here: Post 50,214

Cheers.
  • #57,492
  • May 31, 2015 7:17pm May 31, 2015 7:17pm
Hello guys
I have the dots\guppy method going and I'm trying to set it up on the 15 min charts
and in some pairs it says I don't have enough bars in chart. I have gone to tools-options-charts
to add max 99999999999999 and still nothing.

Can someone advise?

Thanks!
  • #57,493
  • May 31, 2015 8:45pm May 31, 2015 8:45pm
Quoting MoneyMikeFx
Hello guys I have the dots\guppy method going and I'm trying to set it up on the 15 min charts and in some pairs it says I don't have enough bars in chart. I have gone to tools-options-charts to add max 99999999999999 and still nothing. Can someone advise? Thanks!

try this!

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,494
  • May 31, 2015 9:34pm May 31, 2015 9:34pm
Quoting emmanuel7788
{quote} this is why Sup/Dem is useless when we trade TMS with Price Action and Support and Resistance. only the market knows where it previously traded and when it will return to previous support and resistance regions, what we want to see is the price action, the range, the volatility, the timing of the market. market moves in waves,... small waves, ... big waves, these waves are seen in all different timeframes. learn the simple things like how to look at market swings...
Thanks Emm. You cleared my head and I removed Sup Dem from my charts.
I have a doubt on WRB's ...
In this Gold chart, though WRB 2 cleared WRB 1H, it could not close above WRB 1 H.
In this scenario, which 1 is the valid WRB at present, WRB 1 or WRB 2?
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 33 KB
  • #57,495
  • May 31, 2015 9:45pm May 31, 2015 9:45pm
Good day Emmanuel

I've been learning from you almost everyday day. Thank you for putting so much effort and patience in this thread instead of having good time with your grandchildren. Ha ha

I just have one question in mind which bothers me for several weeks , would you please kindly answer me?

You've kept on repeatedly reminding us to do top down analysis, draw significant historical, monthly, weekly SR lines. Also telling us how useful to know WRB, MC, IB, Prev Day+Wk Fibo, RB, 50+200ema and also know diff formation of candlesticks patterns at logical SR levels....etc. So I followed what you said and drew the lines and plugged the indicators. I also setup 3 TF windows (h1, h4, and D)

But now the problem is my charts look so messy with too many diff colors of lines which some of them I drew and some from the indicators, and also APBs clutter with IB symbol and MC lines.

On the other hand, every time you show us your charts, they are always neat and clean. I know maybe it's for demonstration purpose, you want people focus on what you point out only. But is your real trading chart also look very clutter like what I just described? Can you share with us on what are the things are good to stay on the chart, and what are just additional and not necessary. or are the additional ones only switch on when using for entry and exit confirmation and switch off after finish using them?


Regards,

Steven
  • #57,496
  • May 31, 2015 10:57pm May 31, 2015 10:57pm
Quoting mousteven
Good day Emmanuel I've been learning from you almost everyday day. Thank you for putting so much effort and patience in this thread instead of having good time with your grandchildren. Ha ha I just have one question in mind which bothers me for several weeks , would you please kindly answer me? You've kept on repeatedly reminding us to do top down analysis, draw significant historical, monthly, weekly SR lines. Also telling us how useful to know WRB, MC, IB, Prev Day+Wk Fibo, RB, 50+200ema and also know diff formation of candlesticks patterns at...
This might help you ....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 43 KB
Click to Enlarge Name: GBPUSDH1.png Size: 40 KB
Click to Enlarge Name: GBPUSDH4.png Size: 38 KB
  • #57,497
  • Jun 1, 2015 3:01am Jun 1, 2015 3:01am
Quoting mousteven
Good day Emmanuel I've been learning from you almost everyday day. Thank you for putting so much effort and patience in this thread instead of having good time with your grandchildren. Ha ha I just have one question in mind which bothers me for several weeks , would you please kindly answer me? You've kept on repeatedly reminding us to do top down analysis, draw significant historical, monthly, weekly SR lines. Also telling us how useful to know WRB, MC, IB, Prev Day+Wk Fibo, RB, 50+200ema and also know diff formation of candlesticks patterns at...
here is what my chart looks like when I am looking for trade setups.
D1 chart view:
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 23 D chart 1Jun.png Size: 89 KB

I only see those things which the visualization parameter are set to D1. All other objects which are required in lower TF H4 and H1 are not shown. Just one same chart.
The lines are different coloured for different TF, for e.g. the violet colour lines are from the MN TF, the DarkOrange lines are Weekly TF, etc.
Every object has its own name label and when I mouse over the object the label shows what it is.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,498
  • Jun 1, 2015 3:03am Jun 1, 2015 3:03am
My first post.
Went short on eur/jpy, entered at start of second candle.
Reasons being good RTI cross angle, big round number above 136.000 which already got through, support to 135.500, both markets open so movement and no news due on either. Red RTI is pointing in direction of trade which helps and EMA sloping. Euro isn't so good either.
Cons - stoch angle not so good! Also first candle not so good but at least larger wick in direction of trade. No perfect set up so will go to break even +1 asap.
Attached Image (click to enlarge)
Click to Enlarge Name: TISharedImage.png Size: 130 KB
  • #57,499
  • Jun 1, 2015 3:15am Jun 1, 2015 3:15am
Quoting adikashyap
{quote} Thanks Emm. You cleared my head and I removed Sup Dem from my charts. I have a doubt on WRB's ... In this Gold chart, though WRB 2 cleared WRB 1H, it could not close above WRB 1 H. In this scenario, which 1 is the valid WRB at present, WRB 1 or WRB 2? Thanks. {image}
http://www.forexfactory.com/attachme...1&d=1433126043

The WRB1 appears first and that big candle simply tells us not top take any TMS setups with TDI cross in that chart TF, in this case it is not trade in H1. The WRB1 High Low set the range for trading in the lower TF for e.g. M15 using the WRB1 High and Low as the support and resistance.
Note that WRB1 is a Master Candle.
In lower TF, the price had broken above the WRB1 High and pulled back into its range. WRB2 is not a Master Candle but has an IB after it. That would have been a good setup for sell.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,500
  • Jun 1, 2015 3:19am Jun 1, 2015 3:19am
Quoting emmanuel7788
{quote} {image} The WRB1 appears first and that big candle simply tells us not top take any TMS setups with TDI cross in that chart TF, in this case it is not trade in H1. The WRB1 High Low set the range for trading in the lower TF for e.g. M15 using the WRB1 High and Low as the support and resistance. Note that WRB1 is a Master Candle. In lower TF, the price had broken above the WRB1 High and pulled back into its range. WRB2 is not a Master Candle but has an IB after it. That would have been a good setup for sell.

Thanks a lot buddy
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