Trading Made Simple | Page 3018 | 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

  • #60,341
  • Sep 7, 2015 9:24am Sep 7, 2015 9:24am
Hi All

During slow markets we can all use the time to learn more.

Here's an interesting article with some truths, i think:

http://www.learntotradethemarket.com...JGawQFpVPHwtMW

(My intention is not to direct anyone to someone selling something, but there is a lot of free useful stuff at this site.

Axiom
  • #60,342
  • Sep 7, 2015 9:42am Sep 7, 2015 9:42am
Hi all.
How can i know if am i in uptrend or downtrend?
If i use 200Ema on H1 or 50Ema on H4 in enough?
Thanks
  • #60,343
  • Sep 7, 2015 9:50am Sep 7, 2015 9:50am
On the weekly chart we are bullish
i think we should go long on H4. If a h4 candle closes above the double top created the 01/09 an 07/09.
thank for your time and attention.
cheers!
Quoting emmanuel7788
EURAUD 7 Sep H1 LO: we just seen the LO candle closed, still not good set up for any H1 trade. H4 is sideways. What do you see on your Weekly chart? Where is the potential 4H swing trade for this week? {image}
  • #60,344
  • Sep 7, 2015 9:59am Sep 7, 2015 9:59am
I wouldn't take this thread because the price is ranging and is at the minimum of the last 3 h4 candle. Moreover d1 is above ema10 so I would take only long.
thank you!
Quoting emmanuel7788
EURAUD 7 Sep NY Open hour Today is US bank holidays ....and London will close in 4 hours. {image} If the current H4 close with TDI cross, will your take the trade setup?
  • #60,345
  • Sep 7, 2015 11:08am Sep 7, 2015 11:08am
Quoting Lupo.Nero
Hi all. How can i know if am i in uptrend or downtrend? If i use 200Ema on H1 or 50Ema on H4 in enough? Thanks
Lupo,

Like anything in trading, it's all about finding what works for you. I trade H1 exclusively and find that the 200ema gives a good guide on my chart for quick reference. Emmanuel posted a nice diagram using three moving averages in post #60,310. This gives a very quick and clear indication of long term, mid term and short terms trends.

Recently I've also been looking at local trends using higher lows/highs and lower lows/highs since this is how a trend is actually defined. Something I learned off Hoperich. See "LL" (Lower Low) and "LH" (Lower High) in my summary chart post #60,128.

Hope this helps.

Ballistical
Focus on the process and the profits will follow
  • #60,346
  • Sep 7, 2015 12:42pm Sep 7, 2015 12:42pm
Quoting Ballistical
{quote} Hi Alan, Firstly, great to see you're using a really clean chart. Definitely the best way to learn this method IMHO! The long lower wick causing this divergence is from "Black Monday". I'd be very wary about taking any signals from this "Freak" day. Also notice that if you ignore this day and look at the two following lows on your candles there is no divergence at all since both price and TDI are both in sync, setting lower lows. This is not to say the trade won't work but it is certainly not a setup that I would consider to be high probability....
Hi Ballistical, thanks for commenting on my chart, I really appreciate your feedback.

I like to have a very clean chart, I try to trade the closest thing as Eelfranz did but with my own approach.

The trade went well for 60 pips, I exited soon so I've missed some pips.
I stil have problems with money management.

Regards.
  • #60,347
  • Sep 7, 2015 1:23pm Sep 7, 2015 1:23pm
Hi!
How can I most convenient way to see both the APB and candle (bar) in real price? It is better to look PA in classic chart? Or look PA only in APB chart?
  • #60,348
  • Sep 7, 2015 2:31pm Sep 7, 2015 2:31pm
Quoting Migleon
Hi! How can I most convenient way to see both the APB and candle (bar) in real price?
To see them both on one chart go to the chart options, set Bar up and Bar Down in yellow. Then in the main chart window change the chart style from line to Bars. Need screenshots?
Quoting Migleon
It is better to look PA in classic chart? Or look PA only in APB chart?
PA is PRICE action, so you need to see real price (see settings above)
Just an opinion. Based on research
  • #60,349
  • Sep 7, 2015 2:59pm Sep 7, 2015 2:59pm
Quoting since80808
{quote} To see them both on one chart go to the chart options, set Bar up and Bar Down in yellow.
Thank you, I'm doing. But I see only mark the opening and closing on the bar. I do not see the body and the shadow of the bars. APB closes.
  • #60,350
  • Sep 7, 2015 3:04pm Sep 7, 2015 3:04pm
As for me, it's anough for analysis - you see HA, open close, shadow.
If you need more add 2 templates - with and without Synergy ABP - and switch between them for different phazes of chart analysis.
Just an opinion. Based on research
  • #60,351
  • Sep 7, 2015 3:04pm Sep 7, 2015 3:04pm
Quoting Migleon
Hi! How can I most convenient way to see both the APB and candle (bar) in real price? It is better to look PA in classic chart? Or look PA only in APB chart?
You can overlay OHLC candlesticks on top of APBs which gives you all of the information on one chart (as shown below). The small wicks each side of the grey vertical lines indicate the open and close price of that specific candle. This information is normally "masked" when using APB's alone.

Some traders prefer to trade this way, whereas some just follow APBs alone... up to your personal preferences.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-09-07 at 19.29.59.png Size: 210 KB
Focus on the process and the profits will follow
  • #60,352
  • Sep 7, 2015 3:12pm Sep 7, 2015 3:12pm
Quoting Ballistical
{quote} You can overlay OHLC candlesticks on top of APBs which gives you all of the information on one chart (as shown below). {image}
Thank you! Understood!
  • #60,353
  • Sep 7, 2015 3:12pm Sep 7, 2015 3:12pm
Quoting Ballistical
{quote} Lupo, Like anything in trading, it's all about finding what works for you. I trade H1 exclusively and find that the 200ema gives a good guide on my chart for quick reference. Emmanuel posted a nice diagram using three moving averages in post #60,310. This gives a very quick and clear indication of long term, mid term and short terms trends. Recently I've also been looking at local trends using higher lows/highs and lower lows/highs since this is how a trend is actually defined. Something I learned off Hoperich. See "LL" (Lower Low) and "LH"...
Thanks for help Ballistical.
Do u work with Ema200/H1 and,for example,u enter long if price is above Ema200 and receive Tdi signal and u enter short if price is below Ema200 and receive Tdi signal?
U don't watch higher timeframe (H4 and Daily) but only Ema200 for to know primary trend?
Thanks
  • #60,354
  • Sep 7, 2015 7:16pm Sep 7, 2015 7:16pm
EURAUD 7 Sep POMO:

Why I posted the EURAUD pair yesterday? You can see below the details using part of the H1 chart posted by Balistical above where he explained how to use the bar Chart overlay onto the APB candles.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 7 Sep WRB example.png Size: 155 KB


In the chart TF which you trade, use a simple rule: After a WRB appears, you should avoid trading any TMS 5-Method setups in that chart TF. Use the WRB high-low as support and resistance and look for trades in lower TF.

Study very closely the APB candles. Observe the previous 3 price bars and APB candles and you will know if the next APB will have lower or upper wicks.
A bullish APB candle with momentum should have no lower wick.
A bearish APB candle with momentum should have no upper wick.
This is how Big E pick his entry on APB#1 and APN#2.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,355
  • Sep 7, 2015 7:50pm Sep 7, 2015 7:50pm
Quoting emmanuel7788
EURAUD 7 Sep POMO: Why I posted the EURAUD....This is how Big E pick his entry on APB#1 and APN#2.
Thank u emmanuel7788
Winners Never Quit, Quitters Never Win
  • #60,356
  • Sep 7, 2015 8:56pm Sep 7, 2015 8:56pm
Five trades last week. Four winners and one loser. Monday was bit frustrating as I am also using small SL just like Ballistical and even the analysis were correct but my 30 pips SL was hit immediately. Cover up the loses in NYO with scalp that produce 50 pips. Fri I didn't trade as wicks all over and no signal. Please remember that i use ME/ME with two positions so pips count is according.
Good luck to all in new week as I am starting my trading from Tues due to labor day weekend here in Canada.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-09-07 21_40_27-EURAUD,H1.png Size: 52 KB
  • #60,357
  • Sep 7, 2015 9:07pm Sep 7, 2015 9:07pm
EURAUD 8 Sep H1 trades using Multi-Lot entry

with China re-open since last week holidays and seeing stronger Aussie on H1, this trade worked out.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 8 Sep Tokyo session H1 trade.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,358
  • Sep 7, 2015 9:10pm Sep 7, 2015 9:10pm
If you are looking for H1 trades today,
look at EU, EJ and UJ.

you should be able to pick 25 to 50 pips off these pairs with small SL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,359
  • Sep 7, 2015 9:19pm Sep 7, 2015 9:19pm
Quoting catalin_eros
{quote} Hello, Big Emm! One question, if you don't mind: how happy were you with the cowabunga system, before getting rid of those indicators? Did you make consistent profits during those years? I assume you did, since you kept trading it for such a long time. I'd like to give cowabunga a chance and put it in my "to be tested" folder, and I would really appreciate the feedback of someone who went through that. I would trade it just the way it is, without removing or adding anything. I might find it more suitable for me, because it seems like a purely...

Hi,

I was happy trading COWABUNGA on day chart for many years. But I am happier now trading with just the Fozzy-RSI which is actually what the TDI is. I get more trades in one week trading 4H swing trading and also better position trades using Day chart. The key is to have a disciplined Money Management strategy to build the system.
Just put more weight in looking for Price Action at Support and Resistance aka PASR as the trade set upsand using the TDI or Fozzy-RSI to help look and confirm the Momentum in the Price Action. The other key is to have a disciplined Money Management strategy to develop the trading system. To make it into a winning system that fits you, you must reach Peak Performance by taming the 'beast inside you" and managing your trading psychology as traders.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,360
  • Sep 7, 2015 10:28pm Sep 7, 2015 10:28pm
Hello all,

Its my first post here however I have been watching this thread for a couple of months and trying to learn the TMS. My first trade of week + 25 pips on EUR/AUD H1. I closed at 1.60750 BN.

I have a short trade on EUR/JPY with 13 pips + now too
Attached Image (click to enlarge)
Click to Enlarge Name: 5255c-clip-65kb.png Size: 65 KB
23 traders viewing now