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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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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

  • #58,081
  • Jun 19, 2015 6:59am Jun 19, 2015 6:59am
Quoting henryhh
My Newbie setup to this strategy: 9:00 am (Pacific) TDI green> red EUR/USD @1.13116 [email protected](I am not sure if my SL is too tight) Very grateful for any kind comment!! {image}

Hi,

Nice trade setup.
Do you see recent high and low when you zoom out on your H1 chart?
PA bounce off the recent high (Tuesday 16 jun)and BRN 1.1300.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EU H1 19 Jun.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,082
  • Jun 19, 2015 7:06am Jun 19, 2015 7:06am
Did eelfranz trade with multiple entries?

Well he did but he did not explained much much as there were no questions in the past.

read his posts in the Graig Harris Stochastics thread.

Post#2622 , Post#2629 , Post#2771 and Post#2912

He traded with multiple entries using the 21/233 method.

But I trade multiple entries and multiple exits using his 5-Method.

Closing another 71 trades this week.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS ME_ME week 24 and 25 closed.png Size: 55 KB


Last week, I closed 78 trades. See post#57,868.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,083
  • Jun 19, 2015 8:11am Jun 19, 2015 8:11am
Can someone clarify the following for me?
The USD/CAD pair. This morning (GMT+2) I saw a possible long entry on H4.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 24 KB


However, when I looked at the H1 TF I noticed that the upward move was already underway.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 37 KB


What do I do in this case? Enter the long once the new H4 candle opens outside of the YBR?
  • #58,084
  • Jun 19, 2015 8:22am Jun 19, 2015 8:22am
Quoting emmanuel7788
Did eelfranz trade with multiple entries? Well he did but he did not explained much much as there were no questions in the past. read his posts in the Graig Harris Stochastics thread. Post#2622 , Post#2629 , Post#2771 and Post#2912 He traded...
WOW Amazing results!
Am I right in believing multiple entries/exits strategies would apply to 4hr or higher timeframes only? Would you add positions when you get a signal on a lower timeframe and then close when you get signal on higher timeframe? or how would it work? What would be the signal you look for to close all position?
thanks!
  • #58,085
  • Jun 19, 2015 9:12am Jun 19, 2015 9:12am
EURAUD H1 @LO
So you have a nice TDI cross and the LO APB has closed outside the PAC. What could possibly go wrong
Without getting too technical or even looking at other TF, here are 8 things that should have caught your attention.
1. FO APB was a doji = buyer/seller indecision
2. LO APB had some wild price moves and closed with a largish wick = buyer/seller indecision
3. Price was heading for DOL (blue line) = S/R
4. Price was heading for 200ema (purple dotted line) = S/R
5. Price was heading for a rising trend line (white line) = S/R
6. Price was heading for historical support (maroon line) = S/R
7. Price was heading for a RN (1.4550) = S/R
8. Tokyo closes at LO +2 and its Friday so profit taking = Pullback
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB

The good thing is that this doesn't happen very often but is a good example of not getting fixated with the TDI and APB and forgetting to look at the chart.
If you were quick you could have got 25 pips before things went bad
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,086
  • Edited 12:10pm Jun 19, 2015 10:18am | Edited 12:10pm
Hi Emm,

Need help with WRB

WRB is calculate by amount of pips contain in that candle? or just by visual that candle bigest thant previous candles?

and WRB must compare with 3-5 bar? can i just compare for 3 prev bar only?

thank you
  • #58,087
  • Jun 19, 2015 12:43pm Jun 19, 2015 12:43pm
Quoting brekz1
Hi Emm, Need help with WRB WRB is calculate by amount of pips contain in that candle? or just by visual that candle bigest thant previous candles? and WRB must compare with 3-5 bar? can i just compare for 3 prev bar only? thank you

Hi Brekz1,

I am beginning to study WRB's in my own TMS analysis . . .some good post can be found in the search.

Emmanuel posted a WRB Analysis Tutorial some time ago, it's quite in-depth and will surely answer your question plus many more. You can find post and attached file on post 37069 , http://www.forexfactory.com/showthre...62#post7445362 .

Best of luck,
N
  • #58,088
  • Jun 19, 2015 2:32pm Jun 19, 2015 2:32pm
Quoting emmanuel7788
{quote} Hi Dan, please read all my recent posts where I had shared and explain the use of Wide Range Bar 'big candles'. regards,

Oh, thanks, BigEmm, I understand now what you mean

I know very good WRB, and when is it confirmed (3-5 small prevoius bars).
WBR become A Master Candle, when after that big candle between it's H/L appears 3-6 small candles.
And of course, we Will wait break Master candle's H/L

Regards, Dan
  • #58,089
  • Jun 19, 2015 7:02pm Jun 19, 2015 7:02pm
Quoting brekz1
Hi Emm, Need help with WRB WRB is calculate by amount of pips contain in that candle? or just by visual that candle bigest thant previous candles? and WRB must compare with 3-5 bar? can i just compare for 3 prev bar only? thank you
Quoting Nik-Nyc
{quote} Hi Brekz1, I am beginning to study WRB's in my own TMS analysis . . .some good post can be found in the search. Emmanuel posted a WRB Analysis Tutorial some time ago, it's quite in-depth and will surely answer your question plus many more. You can find post and attached file on post 37069 , http://www.forexfactory.com/showthre...62#post7445362 . Best of luck, N
Thanks Nik. You are great help and support here.

@brekz1,

Remember we keep trading simple here like the way Big E intended.
That WRB Analysis Tutorial is quite complex and I don't recommend that new traders try get into too much of the content now. It is intedn for advances traders with many years of trading experience and wanted some add on analytical tools to price action trading.

What we do is to keep it simple by identifying the 'big candles' (its high-low) which has the highest range compare to the previous 3 to 5 price bars/Japanese candlesticks.
It is easy visually to see the 'big candles' and there is no need for any complex calculation with pips whatsoever.

Have a good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,090
  • Jun 19, 2015 7:26pm Jun 19, 2015 7:26pm
Quoting mazingaz
{quote} WOW Amazing results! Am I right in believing multiple entries/exits strategies would apply to 4hr or higher timeframes only? Would you add positions when you get a signal on a lower timeframe and then close when you get signal on higher timeframe? or how would it work? What would be the signal you look for to close all position? thanks!

Hi mazingaz,

The Multiple Entries / Multiple Exist ME/ME will work in all timeframes too. But in lower TF like M15, it would require too much time in front of the computer to place add on positions. Big E traded multiple entries in M15 using the 21/233 method.

I trade mostly H4 and D1 chart TF. On H4, I only need to check my trading charts 2 to 3 times during the day. On D1 chart, I check only once a day.
The multiple entries are placed at certain pips distance (like a grid) base on price action and the ADR of the pair. We need to consider the money management and calculate the position size using the total risk per currency pair traded and avoid placing too many trades at small distances. On D1 chart trading, I keep it simple and use percentage of the ADR to place the entries. Usually 25% to 75% of the ADR(100 days), this will limit the number of new open positions per day.

We have tested using the TDI cross in lower TF (M5 and M15) to add on positions but you know that the TDI will cross many times in lower TF and this will end up with too many positions and risking over exposure. Best way is really to place trades using grid levels.

We need to combine both - position building during the retracement of the initial entry and add-on more position when market move above the initial entry level. we take profits as positions become profitable, then re-open new ones as the market continue to trend in our favour. With banked-in profits, all new positions are risk free and trading become less stressful and there is little fear factor. But the greed factor will be tempting us all the time.

There will be some small losses and breakeven trades as we need to keep our margin healthy and keeping the number of open positions to a pre-defined number. Overall the winners are much more.

Hope this explains.

If there are more interest here, I can post some trades live and let you all follow during the week and have more interactive discussions.

have a good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,091
  • Jun 19, 2015 7:32pm Jun 19, 2015 7:32pm
Hi Folks,

It's weekend and time to spend with family and loved ones.

But if you want to join in this thread and learn to trade a simple method, I know it is overwhelming to read starting from post#1 an cover 58K posts.

There is a 'short cut' or a fast track way. Simply go to Post#57,857 and follow those links.

Have a good one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,092
  • Jun 19, 2015 7:37pm Jun 19, 2015 7:37pm
Quoting coldvinc
Can someone clarify the following for me? The USD/CAD pair. This morning (GMT+2) I saw a possible long entry on H4. {image} However, when I looked at the H1 TF I noticed that the upward move was already underway. {image} What do I do in this case? Enter the long once the new H4 candle opens outside of the YBR?

Hi,

'big candles' after the news release.
look for other pair with A+++ setups on H1 or M15.
It is Friday and market will close in few hours expecially after London close, market move very slow. Good for scalping only.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,093
  • Jun 19, 2015 8:05pm Jun 19, 2015 8:05pm
Quoting emmanuel7788
{quote} Hi, 'big candles' after the news release. look for other pair with A+++ setups on H1 or M15. It is Friday and market will close in few hours expecially after London close, market move very slow. Good for scalping only. regards,
Hi Emm,
base on WRB analysis, how we place Stop loss?
  • #58,094
  • Jun 19, 2015 8:51pm Jun 19, 2015 8:51pm
Quoting rupasi
{quote} Hi there! I suggest you read post 57,857 by Emmanuel7788. That should give you all the good direction to get started. Happy pips and welcome.
Thanks mate! This is the most solid and safest strategy i've used. I've tried a lot of strategies in the past but they aren't as easily profitable as this one!

Btw, are you all still using the Stoch 8, 3, 3 on your charts? Or just the new TDI now?
  • #58,095
  • Edited 7:36am Jun 20, 2015 1:53am | Edited 7:36am
Anyone can help me with this indicator?

Attached Image


ATR10 its mean ATR 10days?
ATR25 its mean ATR 25 days?

its good for determine stop loss by ATR(10) x2 on H1 or H4 chart?

or 2 candle before setup candle?

or better using mataf.com volatility?
  • #58,096
  • Jun 20, 2015 3:16am Jun 20, 2015 3:16am
ATR (X) is good for TakeProfit AND for StopLoss !!! You need to find a setting for ATR with what you are comfort with, with what you have the best results (e.g. 0.5 x ATR for SL and 1.5 for TP what gave you a R:R 1:3)
  • #58,097
  • Edited 4:35am Jun 20, 2015 4:15am | Edited 4:35am
Attached Image (click to enlarge)
Click to Enlarge Name: eu us.png Size: 58 KB
Attachment Traders I have put two moving averages on my chart.
The orchid moving averages Line is 21 exponential close
The yellow moving averages line is 4 exponential close
What I have observed and tested is when the yellow line crosses
The orchid line and the TDI crosses with in one candle, on the one hour
it turns out to be a very good entry,
I dismiss all other TDI crosses,
I have check this out on the one hour chart 4 hour and monthly
If you follow the yellow line you will see where they line up with the Tdi,
I would be very happy to read any comments.
[attach]1699497
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 113 KB
  • #58,098
  • Jun 20, 2015 4:30am Jun 20, 2015 4:30am
wow redfan nice strategy and simple ,can you do an indicator for that with signal to buy and sell to make it easier for our eyes

Who will be kind enough to create sell and buy based on redfan indicator
  • #58,099
  • Jun 20, 2015 6:27am Jun 20, 2015 6:27am
Quoting emmanuel7788
{quote} Hi, 'big candles' after the news release. look for other pair with A+++ setups on H1 or M15. It is Friday and market will close in few hours expecially after London close, market move very slow. Good for scalping only. regards,
Thanks for the tip!

Quoting redfan
{image}1699502Traders I have put two moving averages on my chart. The orchid moving averages Line is 21 exponential close The yellow moving averages line is 4 exponential close What I have observed and tested is when the yellow line crosses The orchid line and the TDI crosses with in one candle, on the one hour it turns out to be a very good entry, I dismiss all other TDI crosses, I have check this out on the one hour chart 4 hour and monthly If you follow the yellow line you will see where they line up with the Tdi, I would be very happy to read...
I suppose it's very similar to how you use the YBR.
But instead of a waiting till the PA is below (for a sell) or above (for long) the YBR you wait for the crossing. I believe this should work as well, as long as you adhere to it.
Just like with any technical strategy, as long as you follow it, even though you most likely will fall for some fakes, you should make a profit. But there in lies the problem of couse, not letting your emotions get the best of you when a fake happens.
  • #58,100
  • Jun 20, 2015 6:50am Jun 20, 2015 6:50am
Quoting emmanuel7788
{quote} Hi mazingaz, The Multiple Entries / Multiple Exist ME/ME will work in all timeframes too. But in lower TF like M15, it would require too much time in front of the computer to place add on positions. Big E traded multiple entries in M15 using the 21/233 method. I trade mostly H4 and D1 chart TF. On H4, I only need to check my trading charts 2 to 3 times during the day. On D1 chart, I check only once a day. The multiple entries are placed at certain pips distance (like a grid) base on price action and the ADR of the pair. We need to consider...
Thanks for the explanation Emmanuel, the multiple exit strategy I adopt of taking profits at 30, 50 and 100 pips with a 40 pips s/l is working to an extent... I would reach my 30 pips target 75% of the time, 50 pips around 55% and 100 only 20%. 25% would hit my stop loss at -40, I would actually be better off by closing all positions at 30 pips. So yes, I would be very interested in following your live trades and learning about this approach.
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