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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

  • #62,321
  • Nov 1, 2015 6:30pm Nov 1, 2015 6:30pm
Hi Folks,

It is a new day, a new week and new month. I hope everyone has doen his/her home work and updated your trading plan after October MN candle close and you should have new 'support and resistance' line on your Big Picture Plan.

Today NY open one hour later due to the DayLightSavings DST change. There are were several price gaps in the open price after the weekend closed. Therefore we should be careful how the market will trade with those gaps.

With DST in North America, NY Sunday 5pm open is now Sydney Open and that will be 2 hours to the Tokyo Open. I trade the SYD_2H range during the Tokyo first 3 hours.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,322
  • Nov 1, 2015 6:44pm Nov 1, 2015 6:44pm
Quoting snarlyjack3
Hello Everyone! I just wanted to pop in & say hello! ( I used to be snarlyjack, then snarlyjack1, then snarlyjack2, now I'm up to snarlyjack3) (Apparently, I keep forgetting my password?) Anyway, I'm still trading the system (TMS 5 method & Synergy Pro) for years now. I'm still profitable & trade full time for my living. I just wanted to give everyone encouragement! The system works & continues to work! I live in the West Coast of the USA & trade exactly how Eelfranz first posted the system using the 4 hour charts. Having traded both systems (The...

Hi SJ,

Great start to the week to see your post and know that you are well. While I was reading a book over the weekend, it came to mind that you will be here again.
I knew you are still here for us and happy that you pop in and let us know.

Sadly, just end of last month I received several PMs from members who lost money after years of trading and decided to give up trading. You are right it takes time to learn to trade and 3 years is an average which most traders will need. Unfortunately, many members learn from FF threads and lost their focus on the trading methodology. They tried all sorts of things which they picked up in FF being attracted to the large number of pips won. They try to be like other traders thinking that they can get rich. This is the sad truth why many failed when they get caught up in the online chatter.

About your original username, you can contact Twee who will be able to help you with the password.

Take care!

Kind regard,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,323
  • Nov 1, 2015 7:20pm Nov 1, 2015 7:20pm
Quoting catalin_eros
{quote} Hi! So am I. I still have a lot to learn. On H1 the train has left the station. You have already had an APB closing on the other side of the channel. It's better to wait for a pullback and then look for short signal again. Or, just as you said, wait for a valid signal on H4. Whichever suits your style. Anyway since you mentioned you are new to TMS, I am sure you are on demo, right? That would be the smart thing to do. Going live now would be a big "NO".
Hi Catalin,

thanks for the reply. Yup noted. Will be waiting for the H4 breakout . Still learning..more questions to come. hope you guys can guide. Thanks
  • #62,324
  • Nov 1, 2015 7:21pm Nov 1, 2015 7:21pm
Quoting farhad10
{quote} Hi to all TMS traders Gold The blue rectangle is a dangerous zone to trade! I'm still looking for a sell at this area if price reches but pay attention ! {image} E/U I'm still a seller. i think price is retracing to the channel after breaking it and continue to it's down trend. {image} Green pips to all of you best regards.

Hi,

Same view on Gold. No buying this week.
Couple of technical 'support' when broken will mena it move lower. The rising price channel is there, and we shall see how the makret will react around the lower channel line.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 45 2 Nov.png Size: 48 KB


The next support levels are around the 1116. and 1112. levels in the slightly longer term.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,325
  • Nov 1, 2015 7:22pm Nov 1, 2015 7:22pm
Quoting snarlyjack3
Hello Everyone! I just wanted to pop in & say hello! ( I used to be snarlyjack, then snarlyjack1, then snarlyjack2, now I'm up to snarlyjack3) (Apparently, I keep forgetting my password?) Anyway, I'm still trading the system (TMS 5 method & Synergy Pro) for years now. I'm still profitable & trade full time for my living. I just wanted to give everyone encouragement! The system works & continues to work! I live in the West Coast of the USA & trade exactly how Eelfranz first posted the system using the 4 hour charts. Having traded both systems (The...
Welcome back again Snarly!
Looking to learn more from you. Still trading TDI, PAC, Guppy combination. Post some charts and new ideas.
Regards.
  • #62,326
  • Nov 1, 2015 7:36pm Nov 1, 2015 7:36pm
Hi,

Just wanna check post#57,854 is that the latest indicator to use?
Can someone share BRN indicator, HIgh low Indicator and market session indicators?

Greatly appreciated.
  • #62,327
  • Nov 1, 2015 7:40pm Nov 1, 2015 7:40pm
EURAUD Week 45 Trading H4:

This week I will spend some time and compare the use of the TDI RT and the Synergy_Pro_TDI. You can share here too and then decide which TDI version you want to use and then formulate your own trading rules for trading H4 and D1 charts.
The major differences between these two TDIs are - the RSI data period, RSI price type used and the MA period of the RSI Green line or the Price Line.

But remember always to keep things simple, just use one Oscillator i.e the TDI (RSI) and the APB candles. Use Pric Action seen on your price chart. When you have mastered this basic 5-Method trading methodology, you can then add on whatever you want and make that into your own winning system that fits you.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 45 H4 2 Nov NYOpen.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,328
  • Nov 1, 2015 7:50pm Nov 1, 2015 7:50pm
Quoting jeff90
Hi, Just wanna check post#57,854 is that the latest indicator to use? Can someone share BRN indicator, HIgh low Indicator and market session indicators? Greatly appreciated.
The only two indicators which we use and the most recent versions are:-

the Synergy_Pro_APB which has the Price Action Channel build-in
the Synergy_Pro_TDI, an updated version which work in realtime market
these are found in the package Synergy_Pro zip : Post#50,241


BN Levels : Post#22,389 (also read post#49,341)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,329
  • Nov 1, 2015 7:52pm Nov 1, 2015 7:52pm
Quoting emmanuel7788
{quote} The only two indicators which we use and the most recent versions are:- the Synergy_Pro_APB which has the Price Action Channel build-in the Synergy_Pro_TDI, an updated version which work in realtime market these are found in the package Synergy_Pro zip : Post#50,241 BN Levels : Post#22,389 (also read post#49,341)...
thx alot emmanuel.. Really great to have you active in this thread.
  • #62,331
  • Nov 1, 2015 8:43pm Nov 1, 2015 8:43pm
Thank you Emmanuel & Everyone!
Thank you for the warm welcome & all the p.m.'s.

After years of trading TMS I have come to the conclusion
that Eelfranz was 100% correct in designing the 5 method.

Over the years I have tried every possible indicator that
I could find. I traded every system that I could find. I keep
going back to the original 5 method. The basic reason is...it works!
It's simple & clean & I don't get confused. I just want to make money.
This is my exact set-up. Easy P easy, no big deal.

Thanks everyone!
sj
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 34 KB
  • #62,332
  • Nov 1, 2015 11:15pm Nov 1, 2015 11:15pm
How to draw price channels using Close Price on the chart LineChart

the same you draw horizontal historical support and resistance on MN and W1.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD draw channel using LineChart.png Size: 65 KB


simply pick any recent three swing high and swing low points to draw the parallel upper and lower channels

in the chart example above, we pick swing low Point A and C to draw the lower rising channel line. The upper parallel channel line touching swing high point B.

Note that first bounce off the trendline after point C. But there won't be the second bounce ... just watch when the price touches the lower trendline again.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,333
  • Edited Nov 2, 2015 12:52am Nov 1, 2015 11:36pm | Edited Nov 2, 2015 12:52am
Why I stopped using any Fibonacci, Pivots, etc.

because the Open. High. Low and Close are the market's natural 'support and resistance' You see them on any chart timeframes without any man-made indicators which can come with bugs.
When we look at the price action, we look at previous recent swing highs and swing lows. Price will always react at Round Number 00 and 50 and also the 25 and 75 levels.
Technical traders look for reasons to trade, therefore they will believe in their favorite technical indicators.

Example using NZDUSD H1 week open, below. Do you really believe that price reverse at fibo level, or pivot levels, or whatever you see on your charts.
Attached Image (click to enlarge)
Click to Enlarge Name: USDNZD H1 2 Nov.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,334
  • Nov 1, 2015 11:58pm Nov 1, 2015 11:58pm
USDNZD week 45 D1 chart trading

Attached Image (click to enlarge)
Click to Enlarge Name: USDNZD week 45 D1 chart 2 Nov.png Size: 79 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,335
  • Nov 2, 2015 12:51am Nov 2, 2015 12:51am
EURNZD and GBPNZD : Looking at H1 buy but market is rather quiet at this hour before Frankfurt and London opens.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,336
  • Nov 2, 2015 1:31am Nov 2, 2015 1:31am
Quoting emmanuel7788
EURNZD and GBPNZD : Looking at H1 buy but market is rather quiet at this hour before Frankfurt and London opens.
Hi, Emmanuel

Isn't Frankfurt already open while you are posting this?

okoso
  • #62,337
  • Nov 2, 2015 1:39am Nov 2, 2015 1:39am
Quoting okoso
{quote} Hi, Emmanuel Isn't Frankfurt already open while you are posting this? okoso

Frankfurt open at GMT0700, when Syndey closed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,338
  • Nov 2, 2015 2:25am Nov 2, 2015 2:25am
EURNZD H1 trade 2 Nov

Entered one hour late but still good for 50pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 2Nov H1 trade FO.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,339
  • Edited 4:08am Nov 2, 2015 2:31am | Edited 4:08am
Quoting dewdrops
{quote} Hi Ses,Does this EA follow TMS rules? This is my first time using a simulator and sorry for basic questions. Rest assured, I have checked out few youtube videos on EAs but couldn't find my answer. Does the simulator open up a trade when TMS rules satisfy? {image}


Good morning !
No .. the simulator is what it is .. a simulator ..
It wont follow any systems rules!
It is not a EA what makes the work for you !!

Just for clarification :

You can simulate the market by forward testing .... put your TMS template to the chart and you trade TMS .
But you dont have to wait for a H4 candle 4 hours.. its a click , and some seconds.. the new H4 candle prints..

Learn in weeks what you need months for in demo ..
.. just a tool .. like a car that brings you to your daily work ..
the work by itself must be done by you !

Hope that helped , good luck and green pips
Guido
Risiko birgt immer auch die Chance.
  • #62,340
  • Nov 2, 2015 2:43am Nov 2, 2015 2:43am
I was long on Friday on NU, based on the analysis I posted. Price almost hit my first TP (6 pips distance), and then it reversed. I closed at BE. Well, it happens.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 27 KB


Triangle on H4 and divergence. Where we'll it choose to break? Based on the H4 divergence, will PA choose the downward break?

Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 21 KB


Based on D1 momentum candle from Friday, plus morning star pattern, plus cup and handle pattern, this looks more bullish to me.

I am thinking a break of the triangle on H4 to the downside, rejection of the S zone on D1, and continuation of the upward movement. Just my thoughts and my scenario.
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