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Trading Made Simple the right way, and other trading lessons 233 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

Quoting robuk
What do you think guys ?( super looking TDI) and bearish engulfing {image}
Did a fairly quick in and out for 20 pips so plus 40 today , finished for today
Hi Experts,

I'm still trying to catch up on all the foundations of this system. It looks simple but its not easy.

I've noticed that the main and important critical for the success for this system is Price Action. But Price action is a very big term to use, so would to like to ask if we can be more specific:

Any particular Candlestick patterns we are selecting only? (Engulfing, WRB...?) Any group candles? (1-2-3 Reversal, fractals, etc?)

Support Resistance- Any particular tool, other than the BN? Or is it purely based on experience?

Any other that have been missed out?

Thanks!

Jave
Quoting Javforex
Hi Experts, I'm still trying to catch up on all the foundations of this system. It looks simple but its not easy. I've noticed that the main and important critical for the success for this system is Price Action. But Price action is a very big term to use, so would to like to ask if we can be more specific: Any particular Candlestick patterns we are selecting only? (Engulfing, WRB...?) Any group candles? (1-2-3 Reversal, fractals, etc?) Support Resistance- Any particular tool, other than the BN? Or is it purely based on experience? Any other that...
Yes !
Every system needs practise .. (screenhours ) ..
But patience is what makes them work .. if TMS or another successful trading system what is working since years--
In that fact theyre all similar!
Dont forget the timeframes,
I like it only in D1 and h4 because itīs a kind of set and forget .
The news donīt violate my trades that much ( may be a FOMC , a ECB or a Grexit .. but normal news don take my SLīs then )

The quickest way to learn a system and collect experience is the simulator ..
http://www.forexfactory.com/showthre...86#post7743986

My Buddy Deichkind started it in TMS in July.. and now he is a better TMS trader than me ;-)
Hoper that helped you a little bit to find your way.
Guido
Risiko birgt immer auch die Chance!!!
Quoting emmanuel7788
EURAUD Frankfurt Open ... Do you trade Pin Bar? or you have something else in kind? {image}

Took that H1 Pin Bar setup. Now have to decide what to do before NYO.
To BE or not to BE ?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 16 Oct H1 PB trade.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting robuk
What do you think guys ?( super looking TDI) and bearish engulfing {image}

Hi Rob,

I think it is time your got rid of those moving averages on your chart and you will see more.
That was a H4 Pop Gun pattern a valid continuation pattern and it will pop in the right direction.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
What is a Pop Gun pattern?

this picture will explain briefly.

Attached Image (click to enlarge)
Click to Enlarge Name: Pop Gun notes.png Size: 155 KB


it is one way to see big candle / small candle/big candle with proper name given to them. If you can code mql4 language, then you can even write an indicator toshow and alert you when they show up.

for a full story go to Post#21,116 and download that pdf "best-of-traders-classroom".

Since the weekend is ahead of us and if you have good appetite for knowledge and want to learn more, go to Post#18,884 and read that pdf " ultimate-tech-analysis- handbook".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Took that H1 Pin Bar setup. Now have to decide what to do before NYO. To BE or not to BE ? {image}
I took that trade in the opposite direction in the 4HR timeframe two bars ago.
Quoting stefan17
Nice setup forming on Eur/Jpy on 1hr TF to the downside, but I see 4hr TF and Daily TF is in uptrend
LOL thats why I keep quiet and keep it simple. Focus on your TF , zoom out for S/R levels and trend and you will be fine.
Scared money DON'T make money!
Quoting elfanta
{quote} I took that trade in the opposite direction in the 4HR timeframe two bars ago.


I closed my trades and you go take your profits...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 16 Oct H1 PB trade closed.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Use the MT4 Indicator Properties Visualisation tab {image} I prefer not to see the APB/HA, Moving Averages lines, etc. when I view my Weekly and Monthly charts when I do my trade planning and Big Picture Plan. Just simple clean Bar Chart (or Japanese candlesticks chart) and Line Chart on MN.
Do you have to open up a clean chart first to do this. When I have my chart open with candlesticks it will not switch. I also noticed a nice trade setup on Wednesday night.
Attached Image (click to enlarge)
Click to Enlarge Name: mn_chart.png Size: 142 KB
Not much action today, but one important thing to remember is every day you dont loose money is also a WIN!!
Quoting emmanuel7788
{quote} I closed my trades and you go take your profits... {image}
Ended up closing it 5 minutes before de las 4HR bar to break even as well.
Quoting freebeans
{quote} Do you have to open up a clean chart first to do this. When I have my chart open with candlesticks it will not switch. I also noticed a nice trade setup on Wednesday night. {image}
Have you disabled HA APB from your indicator list?
Sad i'm not trying to understand PA
Hi, this system are old, but still working and people making money?
Quoting Profanas
Hi, this system are old, but still working and people making money?
Hi, Yes you can check posts by http://www.forexfactory.com/emmanuel7788
Im reading all thread,
Eelfranz writing he trading in 10pm, 2am 6am.. but i dont know +gmt,
or simple somebody can write sesion? this is london sesion? but london sesnion is just 9hours
in my country london start 9am and working until - 5pm..

can somebody write to me when i can start traden and finish? (4h)
Quoting Profanas
Im reading all thread, Eelfranz writing he trading in 10pm, 2am 6am.. but i dont know +gmt, or simple somebody can write sesion? this is london sesion? but london sesnion is just 9hours in my country london start 9am and working until - 5pm.. can somebody write to me when i can start traden and finish? (4h)
it depends by your brokers 4h time candle. Big E "I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. " so fo you 10pm its 8am
sry for my English(
My fault

My broker (hotforex) open new 4h candle at 7am, 9am London open - close at 6pm.. (German time)
then i will open trades from 7am and close 6pm (or until TDI flat..?)


and somebody can resave and reupload that .doc file?
http://www.forexfactory.com/showthre...=291622&page=7

with my office i cant open.
Quoting Profanas
My fault My broker (hotforex) open new 4h candle at 7am, 9am London open - close at 6pm.. (German time) then i will open trades from 7am and close 6pm (or until TDI flat..?) and somebody can resave and reupload that .doc file? http://www.forexfactory.com/showthre...=291622&page=7 with my office i cant open.
its document for office 97-03 if you cant open it with your, just try "Open office" its free and works perfect
How about same system but 1D or 1W ? for those who have day job..

my day candle open/close 11AM
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