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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #58,581
  • Jul 4, 2015 2:13am Jul 4, 2015 2:13am
Quoting emmanuel7788
{quote} Hi, WELCOME! good place to start reading is : Introduction to Trading Made Simple Post#57,857 To get a good 'entry price', you must work on using both market order and limit orders. This way will get you a better average entry price into the market. But you skills to do this. It will take time to learn, then lots of real-time practice in live market to make it near perfect. Have fun learning to trade. and trade with TMS 5-Method.
Thank you. There is lots of information. I am really thankful to the entire TMS team and the traders for sharing their trades. Also a big thanks to Big E. May his soul rest in peace. He has given so much to the community. He has built a legacy. Even after passing away he is being remembered for his contribution. What a life he has lived...

I will follow this system in demo account and post my success
  • #58,582
  • Jul 4, 2015 3:40am Jul 4, 2015 3:40am
Quoting emmanuel7788
{quote} Hi pwnstars, Great questions and thanks for asking them. Q.1 is easier to answer so I do it right now as I have a great distance to travel today for the weekend. Using the Weekly candle bias means to look at the previous candle closed. When the trend is not clear and we do not know what the amrket type is, we follow the previous week closed candle to help us make our trading decision. See GBPNZD example below. using the MN and W1 charts, we can look for 4H swing trades much easier. Every week, we just trade 3 to 4 days at 4-hourly intervals....
Thanks Emmanuel. Makes sense.

I will appreciate if you can find time for the other questions.

If i can achieve a third of you success i'll be greatful
  • #58,583
  • Jul 4, 2015 6:07pm Jul 4, 2015 6:07pm
Almost 2 years is Eelfranz dead.

RIP

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  • #58,584
  • Jul 5, 2015 6:14am Jul 5, 2015 6:14am
Quoting Draffi
Almost 2 years is Eelfranz dead. RIP {image}
Ah, bless you Eric. RIP Big E
I owe so much to this thread.

I've tried so many other strategies and even gone back to bare bones price action but TMS is always the most profitable, secure and easiest system I ever came across.
I was a 1M and 5M chart trader until I came across the TMS strategy. Now I love trading it on the 4H at night and entering a trade before going to sleep (10pm Sydney time) then waking up and checking the trade in the morning. Such a good feeling when you open your mobile MT4 and see your trade screen in blue and in profit

Last week the TMS got me 134 pip (as seen in my trade explorer). I owe it all to this strategy.
Thanks guys and thank you Big E.
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  • #58,585
  • Jul 5, 2015 7:40am Jul 5, 2015 7:40am
Quoting Draffi
Almost 2 years is Eelfranz dead. RIP {image}
God Almighty bless you Eric. RIP BIG E
Winners Never Quit, Quitters Never Win
  • #58,586
  • Jul 5, 2015 7:44am Jul 5, 2015 7:44am
Quoting hsn100
{quote} God Almighty bless you Eric. RIP BIG E
May you rest in peace Big E... Sad to having read about us losing you half way through the thread

Zz
  • #58,587
  • Jul 5, 2015 11:53am Jul 5, 2015 11:53am
RIP big E.
Hopefully God has placed your soul in a special place.
  • #58,588
  • Jul 5, 2015 12:15pm Jul 5, 2015 12:15pm
Hi everyone,

I'm new and read a lot on this thread. I have a question regarding Heiken Ashi or Synergy APB. There indicators and do not reflect the real market price, no? The open and close on those types of bars aren't actual market open and close. So you can't rely on what you see on the chart (relating to the Synergy APB ) for your entries because the real market entry price could be anywhere within the bar itself?
  • #58,589
  • Edited 4:00pm Jul 5, 2015 3:19pm | Edited 4:00pm
Quoting Dimi.A
{quote} Ah, bless you Eric. RIP Big E I owe so much to this thread. I've tried so many other strategies and even gone back to bare bones price action but TMS is always the most profitable, secure and easiest system I ever came across. I was a 1M and 5M chart trader until I came across the TMS strategy. Now I love trading it on the 4H at night and entering a trade before going to sleep (10pm Sydney time) then waking up and checking the trade in the morning. Such a good feeling when you open your mobile MT4 and see your trade screen in blue...
Hey Dimi,

Do you trade based on Primary trend (PT) change signal, TDI without yellow line with confirmation with stoc (8,3,3)? I thought yellow baseline is the core of this system.

I was checking out the same chart both on H1 and H4. There were trend change signals H4 on 12th and 15th June. How do you recognize which one would be break out like last one you took and which would end up in choppy move?

PT change buy Signals that had no move:
15 june 0 UTC
16 june 8 UTC
  • #58,590
  • Jul 5, 2015 6:28pm Jul 5, 2015 6:28pm
2015 Week 27 - Trade Summary:

4 trades in total:
- 1 Win
- 2 BE
- 1 Loss

Posting this later than usual as I've been working all weekend. Busy times at the moment... Anyway, last week was not my best weeks trading at any rate, but I certainly feel much more comfortable reverting back to my previous, more conservative approach moving SL to BE. I am also now trading with half the risk that I have been in the past. My 25 pip SL will now represent 1% as oppose to 2%. This is partly to limit any further drawdown but more to allow me to place two trades per day when conditions permit. Overall, I finished at break-even for the week but this could have been higher if it hadn't of been for a couple of mistakes here and there.

Monday: Somehow I managed to take a loss whilst entering long on one of the most bullish candles of the week... this is the risk with using such a tight SL. Anyway, I entered earlier than normal during FO since I saw a strong TMS setup with some nice PA confirmation. Price was choppy after the big weekend gap initiated. This was followed by a large pin bar, after which, things began turning to the upside. Waited for a break of the setup candle but my execution was hasty and I actually ended up entering as price was rejected by the high. Price fell taking out my SL immediately before then shooting on up past both TP's. I have mixed feelings following a trade like this. Of course, its always frustrating to take a loss and over such a silly mistake as well... However, my analysis was correct in this case, just my trade execution needs work. I saw OS take an identical trade but waited for the break and caught the pips (-25,-1%)

Tuesday: Its always tricky when LO is sitting on the 200ema. Got to my charts at FO but had to wait a few hours for anything to materialise. Suddenly LO+2 made a giant pullback engulfing the previous candle and causing a steep TDI cross. This was also in line with Monday's rally. I entered on a break of this candle however, this turned out to be just a retracement and price immediately turned back around again. Fortunately, this time round my SL was at BE. Now I might have considered a second entry but the market was still fairly flat and still well and truly on top of the 200ema so I decided to stay out for the rest of the day.

Wednesday: Wednesday was surprisingly flat given all the news releases. I entered immediately at LO which allowed me to move my SL to BE if we saw an "Asian Low" rejection. In short, we did. Witnessed a bullish setup following this but it was short-lived as well.

Thursday: Finally, a win. Standard 50 pip catch on a break of Frankfurt which I know a few others in here also caught. Held out for the other position to hit the 100 pip TP but this portion eventually closed at BE. Hours later, the AUD news shot on past the original 100 pip TP (+50,+1%)

Friday: Friday really surprised me. With the AUD news release causing a 130 pip move during the Asian session, and with it being US bank holiday during the summer period I was expecting a really flat day. It was anything but. I ended up on the sidelines for the best London move of the week. This doesn't mean staying out was the wrong thing to do though... just because price ended up trending does not mean it was a high probability setup. Had I entered here and taken a loss, I would have been kicking myself. Just one of those days..

I'm super busy this week and I'm gonna be on the road a lot during my normal trading hours. For that reason, there might not be a weekly summary chart this time round. I'll have to see how things pan out.

All the best for the coming week guys

Ballistical
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Focus on the process and the profits will follow
  • #58,591
  • Jul 5, 2015 6:30pm Jul 5, 2015 6:30pm
Quoting miketrem
Hi everyone, I'm new and read a lot on this thread. I have a question regarding Heiken Ashi or Synergy APB. There indicators and do not reflect the real market price, no? The open and close on those types of bars aren't actual market open and close. So you can't rely on what you see on the chart (relating to the Synergy APB ) for your entries because the real market entry price could be anywhere within the bar itself?
Hi miketrem,
Welcome to TMS.
If you set up MT4 to show Bar Chart (F8>Common tab) you can have the Synergy Pro APB and the actual price open and close showing (white marks in screenshot) You can also set them to be in the foreground if you wish.
Attached Image

Hope this helps
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,592
  • Jul 5, 2015 7:26pm Jul 5, 2015 7:26pm
Quoting miketrem
Hi everyone, I'm new and read a lot on this thread. I have a question regarding Heiken Ashi or Synergy APB. There indicators and do not reflect the real market price, no? The open and close on those types of bars aren't actual market open and close. So you can't rely on what you see on the chart (relating to the Synergy APB ) for your entries because the real market entry price could be anywhere within the bar itself?

Hi miketrem,

You are correct and we can only based our trades on the real price. This was discussed before.
For more information, these posts will help.

HeikenAshi study : Post#18,483

Japanese Candlesticks vs Synergy APB vs HeikenAshi Post# 3304 Post# 56,193

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,593
  • Jul 5, 2015 7:37pm Jul 5, 2015 7:37pm
Quoting hsn100
{quote} Hi emmanuel7788! Which EMA u reckon good for 4 HTF, the traditional 5ema or 10ema, shift3, typical?

Hi
HSN,

You either stick to the 5EMA, Typical Price, Shift+3 or the 10EMA, Close Price, Shift_0***. (***Note there is no shift for 10EMA).
You define your own rules using one or the other and stick to rules consistently.

For more information and study on the use of moving averages follow these below. Note that the Price Action Channel PAC also make use of moving averages of the real price.

High Probability Trading using Moving Average: Post#42,728
Add 20-day MA to the TDI: Post#50,752 …and set the indicator properties Visualization tab to show only in the D1 chart timeframe.

Price Action Channel
Synergy PAC Post#21,284
Comparing Synergy PAC and Synergy_Pro PAC: Post# 54,119
This new Synergy-Pro-PAC uses a 9EMA. is there a lot of difference between 9EMA dn 10EMA?

I use the 10EMA in all timeframes. Read the post#58,556.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,594
  • Jul 5, 2015 7:42pm Jul 5, 2015 7:42pm
hi guys, i have been trading with a micro account for 6 months now, made very good profits, I finally got a full time job, so i'm going to work very hard, save a good amount of money and finally start accomplishing my dream of trading full-time
  • #58,595
  • Jul 5, 2015 7:44pm Jul 5, 2015 7:44pm
Quoting Ballistical
2015 Week 27 - Trade Summary: 4 trades in total: - 1 Win - 2 BE - 1 Loss Posting this later than usual as I've been working all weekend. Busy times at the moment... Anyway, last week was not my best weeks trading at any rate, but I certainly feel much more comfortable reverting back to my previous, more conservative approach moving SL to BE. I am also now trading with half the risk that I have been in the past. My 25 pip SL will now represent 1% as oppose to 2%. This is partly to limit any further drawdown but more to allow me to place two trades...

Hi Ballistical,

Once again, very good and detailed journal. Thank you for sharing this every week.

Just one comment, i.e. since your are using %risk model and if your trading hours are restricted, you can consider trading higher timeframe charts. Consider H4 and also possible H6 or H8. Some broker platform (non-MT4) provide charts based on 6-hour and 8-hour. This will help in getting better results when you use position sizing.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,596
  • Jul 5, 2015 9:32pm Jul 5, 2015 9:32pm
Quoting hoperich
Only three trades during week as I was enjoying the Thurs and Fri in Mountain resort with family. Two winners one BE Monday: Open the chart at LO but wasn't sure if PA will break the Daily resistance and 200EMA. So decided to wait until it is clear. Enter during NYO after price broke through 200EMA. Decided to exit at next candle with 40 pips profit. should have stay in the trade as my SL was at break even and no red candles yet. Here I need to learn more patience. Tues: Open the chart at Asian to see the overall market. The price tried to break...
Thanks a lot, this is the perfect answer I'm looking for.
  • #58,597
  • Jul 6, 2015 7:45am Jul 6, 2015 7:45am
Quoting Ballistical
2015 Week 27 - Trade Summary: 4 trades in total: - 1 Win - 2 BE - 1 Loss Posting this later than usual as I've been working all weekend. Busy times at the moment... Anyway, last week was not my best weeks trading at any rate, but I certainly feel much more comfortable reverting back to my previous, more conservative approach moving SL to BE. I am also now trading with half the risk that I have been in the past. My 25 pip SL will now represent 1% as oppose to 2%. This is partly to limit any further drawdown but more to allow me to place two trades...
Thanks for your update Ballistical! Could not trade much this week myself Work was not being merciful.

Zz
  • #58,598
  • Jul 6, 2015 9:10am Jul 6, 2015 9:10am
Quoting emmanuel7788
{quote} Hi HSN, You either stick to the 5EMA, ..........Read the post#58,556. regards,
Hi emmanuel7788! Your above-mentioned post and referred posts were very helpful. Thnx a lot.
Kindest Regards,
Winners Never Quit, Quitters Never Win
  • #58,599
  • Jul 6, 2015 9:20am Jul 6, 2015 9:20am
I'm waiting for short USD/JPY at 123.00
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BullShit BearShit
  • #58,600
  • Jul 6, 2015 1:45pm Jul 6, 2015 1:45pm
Quoting emmanuel7788
{quote} {image} USDCAD D chart update: We had a nice bullish run yesterday. Price approach the next BRN 1.2600 and we must watch the reaction around this BRN which is confluence with the previous swing high seen on the chart above (red arrows). The 3 Amigos (AU, EU and GU) are riding together, so this pair is inverse correlated and should be good. Also NZDUSD continues to slide lower. Trading bias for the 3-Amigos based on their D candle is bearish. There is a saying: "Buy Low, Sell High". But some will sell high, and sell higher. What do you think?...
http://www.forexfactory.com/attachme...1&d=1435786291

The last swing high created a consolidation seen with the D1 Inside Bar and today we have a IB breakout.

AB=CD completion looks good but we have another swing high seen to the left and the BRN 1.2700. Expect market reaction.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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