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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

  • #59,281
  • Jul 29, 2015 6:43am Jul 29, 2015 6:43am
Quoting LazyTrad3r
{quote} {image}
LazyTrad3r, do you mean only enter long if the green line is above white line? And only short when green line is below white line? Thanks for giving your opinion! 😎😎
I will never lose, either I win or I learn.
  • #59,282
  • Jul 29, 2015 6:45am Jul 29, 2015 6:45am
Quoting kelvinhew
Just entered short NZDJPY and NZDUSD. Is my entry correct? any comments please? Thanks {image} {image}
I like it much !
I just prefer the " old red and green TDI " , because itīs a sharp view on it.
But all in all itīs a good setup
Guido
Risiko birgt immer auch die Chance.
  • #59,283
  • Jul 29, 2015 7:40am Jul 29, 2015 7:40am
Quoting since80808
{quote} I see TP at 2.13827. What do you think? when is it better time to move SL to BE? {image}
aah sorry, I really cant see any reason in your chart .
Its cluttered with lines, too zoomed , so I cant see any priceaction ,
I prefer a clean view , as more simple as better for me it is !
Cant help you in that case, sry no idea in this case..
please upload a TMS chart , normal zoom , tell me pair and timeframe and youll get my answer.

Normally I Close my TMS h4 charts this time.. before us open
Guido
Risiko birgt immer auch die Chance.
  • #59,284
  • Jul 29, 2015 7:48am Jul 29, 2015 7:48am
Hey guys,

What about this possible setup on EG daily chart? FOMC is at 20.00h CET...
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  • #59,285
  • Jul 29, 2015 8:52am Jul 29, 2015 8:52am
Quoting Dimi.A
{quote} {quote} Scorps and Dew, here is the video on how to add alerts to the TDI indicator in Trading View. Open it up in YouTube to see it in higher definition so you can see it clearer. Let me know if you have any issues. https://www.youtube.com/watch?v=hrDtE7tb9vg
very informative, thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #59,286
  • Jul 29, 2015 9:47am Jul 29, 2015 9:47am
Quoting Dimi.A
{quote} Hello mate, I'm using Trading View. You can set up alerts on the TDI when it crosses. I set up an alert to send to my e-mail and SMS whenever the TDI crosses on any of my 12 currency pairs I trade. Once it crosses and the candle closes I'll enter. Here is a video of when the alerts come up. PS: The next 4H candle opens in 15 minutes (3pm AEST) for me. https://www.youtube.com/watch?v=G0kaz0BjO88
Thanks Dimi.A
  • #59,287
  • Jul 29, 2015 9:54am Jul 29, 2015 9:54am
Took this trade on EA H1 this morning before going to work, it looked good at the time, price had closed below BRN 1.51, TDI had crossed down entered just after the open of second red candle then went to work. Any comments on what I did wrong would be greatly appreciated.

Thanks
Attached Image (click to enlarge)
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  • #59,288
  • Jul 29, 2015 11:07am Jul 29, 2015 11:07am
Hi Next!
Quoting Next4467
what I did wrong
I'm not a pro here, but what I see:
(1. If you work at H1 as the original system author then you should enter after the first bar htat crossed TDI)
If you are ready to take that PA is more important then TDI crosses, then:
2. At D1 you can see uptrend (with 1 yesterday bear candle only)
3. At H4 you can see retracement, yes, but
4. Even at H1 you can see that price tested and bounced from the nearest support line

So, you should do one of 2 things:
1. Wait for solid break of the support
or
2. Set SL higher, at the nearest resistance

IMHO!
Attached Image(s) (click to enlarge)
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Just an opinion. Based on research
  • #59,289
  • Jul 29, 2015 11:39am Jul 29, 2015 11:39am
Quoting since80808
Hi Next! {quote} I'm not a pro here, but what I see: (1. If you work at H1 as the original system author then you should enter after the first bar htat crossed TDI) If you are ready to take that PA is more important then TDI crosses, then: 2. At D1 you can see uptrend (with 1 yesterday bear candle only) 3. At H4 you can see retracement, yes, but 4. Even at H1 you can see that price tested and bounced from the nearest support line So, you should do one of 2 things: 1. Wait for solid break of the support or 2. Set SL higher, at the nearest resistance...
since
I took the trade on the second red which was the as the TDI crossed, I will look at the Day chart and H4 chart, and see what you said, thanks for the comments.
  • #59,290
  • Jul 29, 2015 11:52am Jul 29, 2015 11:52am
Quoting Dimi.A
{quote} {quote} Scorps and Dew, here is the video on how to add alerts to the TDI indicator in Trading View. Open it up in YouTube to see it in higher definition so you can see it clearer. Let me know if you have any issues. https://www.youtube.com/watch?v=hrDtE7tb9vg
Thx for uploading this but TDI is written for mt4. How do we get TDI on trading view? Is there any way to import mt4 indicator on TV? Or there are seperate set of indicators?
  • #59,291
  • Jul 29, 2015 12:06pm Jul 29, 2015 12:06pm
Quoting Next4467
Took this trade on EA H1 this morning before going to work, it looked good at the time, price had closed below BRN 1.51, TDI had crossed down entered just after the open of second red candle then went to work. Any comments on what I did wrong would be greatly appreciated. Thanks {image}
Hi Next,
I saw that one forming but didn't take it.
My reasons for not taking the trade (in no particular order)
1. Wicks on the previous and entry APB were grey which always gives me a warning.
2. Entry APB didn't have much momentum (smallish)
3. APB didn't quite close outside of the PAC (on my setup anyway)
4. TDI did not give a clean cross
5. DOL and YL both nearby and EA respects them
6. General trend to me was bullish so I would have needed to see good momentum before entering.
In situations like you had it can be worth waiting a few minutes to see what the next APB is going to do before entering.
Hope this helps
Never argue with a fool; onlookers may not be able to tell the difference.
  • #59,292
  • Jul 29, 2015 1:15pm Jul 29, 2015 1:15pm
Quoting emmanuel7788
{quote} Hi Steven, The 78% retracement which I mentioned is referring to the EURAUD pair which is trending up. see chart below: {image} The GBPUSD pair remains in sideways 'trapped' in the range of that 14July WRB high-low. We had two consecutive bullish day so you should have taken out some profitable ME trades. Should price retraces again today, you can re-open new ME trades again. This is when market is sideways. You see my post: http://www.forexfactory.com/showthre...43#post8389343 GBPUSD, update your trading chart because...

Dear Emmanuel:

I listened to what you said and spent a couple hours updating the charts and used multi TF (M15, D, W and M) so I can get the sense of market within couple minutes

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and also this is my 1st ME/ME chart from GU. I really want to thank you for your teaching and currency pairs analysis. Please advise me if there's anything I missed or should have done better. Many thanks!!!!!!!!

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Best regards,

Steven
  • #59,293
  • Jul 29, 2015 2:37pm Jul 29, 2015 2:37pm
Quoting dewdrops
{quote} Thx for uploading this but TDI is written for mt4. How do we get TDI on trading view? Is there any way to import mt4 indicator on TV? Or there are seperate set of indicators?
nvmd, Got this

https://www.tradingview.com/script/s...d-Trix-Ribbon/
  • #59,294
  • Edited 5:23pm Jul 29, 2015 2:55pm | Edited 5:23pm
Quoting dewdrops
{quote} nvmd, Got this https://www.tradingview.com/script/s...d-Trix-Ribbon/
That's it bro
The TDI is located in "Indicators" and under "TDI" by Lazy Bear.
  • #59,295
  • Jul 29, 2015 3:08pm Jul 29, 2015 3:08pm
Hey all,

I'd like to share my charts on EURUSD and I'd appreciate some feedback!

Do you agree with the monthly zones drawn? I read Naked Forex recently and I spent quite some time looking at historical charts and it makes sense but drawing these lines myself is not always as straightforward as it sounds/looks.

What do you think about the 4H Signal?

Any other things I should consider?

Best,
Attached Image(s) (click to enlarge)
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  • #59,296
  • Jul 29, 2015 3:58pm Jul 29, 2015 3:58pm
Quoting kelvinhew
{quote} LazyTrad3r, do you mean only enter long if the green line is above white line? And only short when green line is below white line? Thanks for giving your opinion! 😎😎
hi....yes this is whtat i mean. or you make a more agressiv entry before cross the 50 Level.....but most important is green cross red below the white line (MBL) (short)

Lazy
mia san mia since 1900
  • #59,297
  • Jul 29, 2015 4:24pm Jul 29, 2015 4:24pm
Hey guys,

I have a question about ENTRY of this system. The system rules say to enter when TDI crosses the red line, however, the TDI still repaints after the cross until the candle closes, but the rules say to enter at OPEN of candle. I lost 5 trades today because I entered at candle OPEN when TDI crossed but later to realize that by the end of that candle's CLOSE the TDI hooked the other way around. Are you supposed to enter at the next candle open after the cross happens or something? What am I missing?

Here's a graphic of what I mean. Can someone clarify when the entry would be? At point 1,2, or 3? Just want to point out that I entered @ 2. But in my 5 other trades when candle 2 closed the tdi changed complete different directions and so it was not a good move.
Attached Image (click to enlarge)
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Take this course: https://shorturl.at/upBey
  • #59,298
  • Jul 29, 2015 7:17pm Jul 29, 2015 7:17pm
Quoting tiestobob
Hey guys, I have a question about ENTRY of this system. The system rules say to enter when TDI crosses the red line, however, the TDI still repaints after the cross until the candle closes, but the rules say to enter at OPEN of candle. I lost 5 trades today because I entered at candle OPEN when TDI crossed but later to realize that by the end of that candle's CLOSE the TDI hooked the other way around. Are you supposed to enter at the next candle open after the cross happens or something? What am I missing? Here's a graphic of what I mean. Can someone...

you use the TDI which is not reatlime version. It repaints the history bars.

Look at he TDI compare below captured in realtime.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY TDI compare.png Size: 48 KB


After charts was refreshed, nboth the TDIs look exactly the same. Below:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY TDI compare (refreshed).png Size: 38 KB


Solution:
1) Read the Price Action using the real Price Bar or Japanese Candlestick.
2) Always wait for the candle to close then check the TDI.

That is why eelfranz said:
#1 PA
#2 TDI


the "problem" is the TDI compares the Close price of the previous bar with the current bar. So by looking at the price bar Open, High, Low and Close, you can determine the TDI Green line behaviour ahead of the indicator.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,299
  • Jul 29, 2015 7:39pm Jul 29, 2015 7:39pm
Quoting emmanuel7788
{quote} you use the TDI which is not reatlime version. It repaints the history bars. Look at he TDI compare below captured in realtime. {image} After charts was refreshed, nboth the TDIs look exactly the same. Below: {image} Solution: 1) Read the Price Action using the real Price Bar or Japanese Candlestick. 2) Always wait for the candle to close then check the TDI. That is why eelfranz said: #1 PA #2 TDI the "problem" is the TDI compares the Close price of the previous bar with the current bar. So by looking at the price bar Open, High, Low and...
Em, which TDI are you using? The last I remember you were using the Synergy Pro TDI. Is there another "TDI" you're using now? If so, could you post up the TDI you're using bro? Cheers
  • #59,300
  • Jul 29, 2015 7:43pm Jul 29, 2015 7:43pm
Quoting bigpips
Hi Emmanuel, Got couple baskets running at moment, some good some developing. Your thoughts on my EU trades. I am trying to only entering on 4h once I have established long-term trend on Day and Week. Using ME/ME strategy, putting your suggestions into practice. Currently have 3 positions open, each .2% risk, so only .6% total risk currently..as per 4h chart. Stops above 1.1230. Im starting to think that I'm caught in a wide ranging market so will not enter anymore positions. Am I going about it the correct way or should I look at closing out positions?...

Hi bigpips,

Sorry for the delay, I was on the road all day and feeling really tired.

EU is in very wide range as what we see on the MN chart. We follow the Weekly candle bias so stay on the seller side.
You have 3 good entries and with position sizing done correctly you know where the breakeven level for these 3 open positions is.
The BE should be between the 2nd and 3rd open positions.
The D1 looks threatening but your SL must be above the MN WRB high or the previous 2 Weeks high for you to do your position sizing.
The total risk is still 1% if you have opened maximum 5 ME trades.

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