Trading Made Simple | Page 2897 | 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

  • #57,921
  • Jun 15, 2015 8:06am Jun 15, 2015 8:06am
Quoting rabhni
Hi, Can one of the experts let me know if this is a valid entry? I am +7 pips now, yet to figure PA, APB etc. {image}
Yep that's a valid TMS entry. Your TP and SL look about.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,922
  • Jun 15, 2015 8:43am Jun 15, 2015 8:43am
Quoting omonisha
{quote} My View Every time frame has it's own S/R. The many times tested area is the major area to me. The higher the time frame the stronger the area is. Some times i can't see S/R trading H1 because of the screen so i switch to next TF to see the S/R.
Thank you OS

Quoting Pips92
{quote} hsn100... Hope Big OS will give better answer than me , in my opinion If i am trading hourly chart (H1) occasionally i look for MN S/R. but my for me WK and D1 give major S/R level or area to trade H1
Thank you Pips92

Best Regards,
Winners Never Quit, Quitters Never Win
  • #57,923
  • Jun 15, 2015 9:26am Jun 15, 2015 9:26am
Thanks LF.

I got out with a TP of 25. Now entered on EA, I believe I shud have waited for the break of RBN..still 15pips and moving up. Any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 31 KB
  • #57,924
  • Jun 15, 2015 9:52am Jun 15, 2015 9:52am
USDCAD short entry, after the second candle closing outside PAC. Am I too late on this one ???
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 82 KB
  • #57,925
  • Jun 15, 2015 9:55am Jun 15, 2015 9:55am
Is this a valid entry?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 35 KB
  • #57,926
  • Jun 15, 2015 10:23am Jun 15, 2015 10:23am
GBPUSD-H4
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-15_23-19-57GBPUSD-H4.png Size: 30 KB
Sad i'm not trying to understand PA
  • #57,927
  • Jun 15, 2015 11:58am Jun 15, 2015 11:58am
EUR/USD, H4. TP at HH from last week.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla 2015-06-15 a las 20.56.37.png Size: 76 KB
  • #57,928
  • Jun 15, 2015 2:07pm Jun 15, 2015 2:07pm
Quoting rabhni
Is this a valid entry? {image}
Hi rabhni,
I suggest you either use the Synergy APB Pro with the built in PAC or just the 5ema instead of mixing them. You don't need the Stoch indicator as the TDI gives you the information you need.
check this video for how the basics of the APB and TDI are used.
http://www.compassfx.com/synergy/web...gy_Method.html
Also check out the posts in this thread as there is a lot of valuable information here.
cheers

PS Don't over trade or get too greedy
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,929
  • Edited 2:43pm Jun 15, 2015 2:14pm | Edited 2:43pm
Hello guys, this is the first screenshot I share with you. The trade was taken in the in the USDCAD pair. I would like to hear your opinion if it was a valid trade or not. I saw it as a bounce, that's why I took it.

It is worth to mention that I am trying to do the same as Big E used to do, for me, LO is at 2am, so, I just basically wake up when my broker opens a new candle and check for setups.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh14jun.png Size: 147 KB
  • #57,930
  • Jun 15, 2015 2:32pm Jun 15, 2015 2:32pm
Does this entry look valid? candle #2 after the TDI cross and PA has closed outside PAC in the previus candle.. any comments ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4_15-6-15_1530.png Size: 59 KB
  • #57,931
  • Jun 15, 2015 2:54pm Jun 15, 2015 2:54pm
Quoting elfanta
Hello guys, this is the first screenshot I share with you. The trade was taken in the in the USDCAD pair. I would like to hear your opinion if it was a valid trade or not. I saw it as a bounce, that's why I took it. It is worth to mention that I am trying to do the same as Big E used to do, for me, LO is at 2am, so, I just basically wake up when my broker opens a new candle and check for setups. {image}
Hi there,

I'm still learning but i'll gladly give you my 2 cents.

You should look at APB candles + the actual candles.

Angle of the TDI on entry is not very convincing.

WRB 4 candles back and no close above i think?

Structure on the left makes R/R probably not ideal.

GL trading !
  • #57,932
  • Jun 15, 2015 2:57pm Jun 15, 2015 2:57pm
Quoting celord
Does this entry look valid? candle #2 after the TDI cross and PA has closed outside PAC in the previus candle.. any comments ? {image}
Celord,

Check daily graph ; bar of Friday. I would trade in between the High and Low on 1H timeframe untill it closes above / below.

Best,
  • #57,933
  • Jun 15, 2015 3:06pm Jun 15, 2015 3:06pm
Quoting tibovwh
{quote} Celord, Check daily graph ; bar of Friday. I would trade in between the High and Low on 1H timeframe untill it closes above / below. Best,
Thanks tibovwh, I'll check that one.
  • #57,934
  • Jun 15, 2015 4:00pm Jun 15, 2015 4:00pm
Quoting tibovwh
{quote} Hi there, I'm still learning but i'll gladly give you my 2 cents. You should look at APB candles + the actual candles. Angle of the TDI on entry is not very convincing. WRB 4 candles back and no close above i think? Structure on the left makes R/R probably not ideal. GL trading !
Got it. Indeed the TDI angle is not good. So, should we also check the normal candles ?, I didn't know that.

About the WRB, in those cases, when there's a WRB, we should be trading the 1H chart, right ?.

Thank you for your comments, I appreciate them.
  • #57,935
  • Jun 15, 2015 6:04pm Jun 15, 2015 6:04pm
[quote=Ballistical;8325542]2015 Week 24 - Trade Summary: 4 trades in total: - 0 Wins - 0 BE - 4 Losses After a few weeks of poor performance, things went from bad to worse last week.....

Hi Ballistical,

I took three trades but without any confidence. It was hard to trade EUR/AUD last week. Only on Fri 50 pips profit hit.

Wed -- Enter in Asian. Could be winner; however due to RN and the time of the day made me close manually with few pips.

Wed -- LO entry was way too late. I realized as soon as I opened the trade on 5th red candle as max 3 to 8 candles. Closed manually with few pips.

Fri -- Again Similar entry as your and just like phx62 said in one of his pdf's. Sometime it is better to be lucky then good. Profit hit and market reversed.

Overall closed the week with some profit. Happy trading and stick to your plan as I am also in the same boat

HR
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-15.png Size: 43 KB
  • #57,936
  • Jun 15, 2015 7:14pm Jun 15, 2015 7:14pm
Quoting emmanuel7788
{quote} GBPUSD 12 Jun Day chart trading update: Yesterday was a consolidation day as we see the Day Inside Bar ... what Big E would call a small candle. Caution: 10 June was a wide range bar and the price had not close above 1.55349. We should be closely watching the TDI and follow the price bars above. I have a 20-day simple moving average added to the TDI and use this for my Day chart trading. We must also pay attention to the Volatility Band of the TDI and we do not want to see that contracting. It will take several days before we see any potential...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 24 12 Jun update.png Size: 103 KB


GBPUSD D chart update 16 Jun

The bullish rally continues breaking the Historical resistance 1.55349 and the Day WRB High.
Need to pay attention to those swing highs in the month of May.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 25 D chart update 16 Jun.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,937
  • Jun 15, 2015 7:20pm Jun 15, 2015 7:20pm
Quoting rabhni
Hi, Can one of the experts let me know if this is a valid entry? I am +7 pips now, yet to figure PA, APB etc. {image}

Hi,

Good trade!

You could have entered on the 2 blue APB candle. (aggressive way like Big E).
the Price Action show the swing low when the 1st APB closed and the price bar close above the 5EMA shift+3.

see post#57,802 pdf on Swing High / Swing Low

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,938
  • Jun 15, 2015 7:42pm Jun 15, 2015 7:42pm
Price Action ....Pin Bar

Attached Image (click to enlarge)
Click to Enlarge Name: H4 Pin Bar seen in H1 BRN.png Size: 40 KB



You should know by now the power of using 5 bars to see the swing highs and swing lows.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,939
  • Jun 15, 2015 7:59pm Jun 15, 2015 7:59pm
How to Build Confidence?

I see members running all over FF Trading Systems threads asking the same question over and over again. Some are asking for indicators, templates, etc. Most of these members started with or tried trading TMS 5-Method as some point, then went to other threads and start all over again. One reason I see is these member lack confidence in the trading method which is kept very simple. They do not believe in this simple trading method. They want to have more indicators, the more colours the better to help them see.
What you need is confidence and read what Big E said in his 44 posts.

Demo trading in live market is one way to learn and build confidence. When you do demo trades, you should also test you money management strategy. Treat demo trading like your live trading with real money and learn how your money can grow when you trade consistently with a proven money management strategy. learn the different Exit Strategy in different market conditions (market types). While doing demo trades, you also must learn to handle those emotional factors and the common 'fear' and 'greed' factors in you. When you can pieced all these together, you will eventually find your edge and your own winning system. But stick to one core trading method and TMS 5-Method is a proven methodology.
Attached Image (click to enlarge)
Click to Enlarge Name: Big E on building confidence.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,940
  • Jun 15, 2015 9:08pm Jun 15, 2015 9:08pm
Quoting emmanuel7788
{quote} yes, I see that same with that FO candle showing momentum and close above the 5EMA, TDI cross. That PA+TDI+5EMA resistance is 50 pips away and there is weekend gap to fill. This current H4 candle will close GMT0900. .... hmmmmm
Hi Folks,

here is the chart to explain my post above.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Gap trading with TMS.png Size: 72 KB


today, we are bullish bias with yesterday' bullish price bar/ candle close.

so we avoid any sell setup and possible fakey before Tokyo close.

On H4, we should be looking to buy with target at previous week's high around 1.1400 as initial target.

Trade well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
222 traders viewing now