Trading Made Simple | Page 3118 | 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

  • #62,341
  • Nov 2, 2015 1:11am Nov 2, 2015 1:11am
Long on UC, H1, based on H4 WRB. I have to go out, so I am using a 20 pip TS.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 28 KB
  • #62,342
  • Nov 2, 2015 1:28am Nov 2, 2015 1:28am
Attached is Big E template...are my parameters and settings correct? Anything else to add?
Attached Image (click to enlarge)
Click to Enlarge Name: TDI Big E Template.png Size: 26 KB
  • #62,343
  • Nov 2, 2015 1:29am Nov 2, 2015 1:29am
GBPNZD 2Nov H1 trade closed.

+37pips , +100pips. Average 68pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 2Nov H1 trade FO.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,344
  • Nov 2, 2015 2:00am Nov 2, 2015 2:00am
Quoting Fbps
Attached is Big E template...are my parameters and settings correct? Anything else to add? {image}
Hi,

If you did not change any of the default setting of the TDI Red Green, you will be okay. But I would not trade H1 with that TDI Red Green.
Better use the Synergy_Pro-TDI and also the Synergy_Pro_APB which comes withe "yellow brick road" aka Price Action Channel PAC.

Anyway, AUDJPY H1 looks ugly so we should look for a pretty pair to trade.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,345
  • Nov 2, 2015 2:02am Nov 2, 2015 2:02am
gbpnzd is a beast gives so many pips in a short matter of time
  • #62,346
  • Nov 2, 2015 2:08am Nov 2, 2015 2:08am
Quoting trade786
gbpnzd is a beast gives so many pips in a short matter of time
whether it is a beast or a beauty, only the smart money knows where all the stop and limits orders are and they go for these orders.
we retails traders are all blind to that.
we believe in our technical indicators. we believe price action is leading edge.
we know every trade has its risks. so we gamble with the risk known to us.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,347
  • Nov 2, 2015 2:10am Nov 2, 2015 2:10am
your right about that we can only trade high probability trades using dicipline and money management and follow the rules
  • #62,348
  • Nov 2, 2015 2:10am Nov 2, 2015 2:10am
Quoting emmanuel7788
GBPNZD 2Nov H1 trade closed. +37pips , +100pips. Average 68pips. {image}
Hi Emmanuel,

How did you manage Red news for second trade ( TP 100). Did you put SL at BEP before news ?

Thanks
  • #62,349
  • Nov 2, 2015 2:16am Nov 2, 2015 2:16am
Quoting emmanuel7788
{quote} Hi, If you did not change any of the default setting of the TDI Red Green, you will be okay. But I would not trade H1 with that TDI Red Green. Better use the Synergy_Pro-TDI and also the Synergy_Pro_APB which comes withe "yellow brick road" aka Price Action Channel PAC. Anyway, AUDJPY H1 looks ugly so we should look for a pretty pair to trade. regards,
Thanks Emmanuel. I just started to learn the "5 Method". Don't know anything about the Synergy method. Yes AUDJPY H1 is ugly, maybe go for AUDJPY H4 - Big E timeframe.
  • #62,350
  • Nov 2, 2015 2:18am Nov 2, 2015 2:18am
Quoting mkfx
{quote} Hi Emmanuel, How did you manage Red news for second trade ( TP 100). Did you put SL at BEP before news ? Thanks
Hi,

I scale out +37pips half my position . This way, I reduced the overall risk and kept my initial SL at -50pips.
Then when that H1 candle close bullish above Day Open, I move my SL to BE+2, and fight on.

Use scaling out to help reduce the overall risk of any trade.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,351
  • Nov 2, 2015 2:27am Nov 2, 2015 2:27am
Quoting Fbps
{quote} Thanks Emmanuel. I just started to learn the "5 Method". Don't know anything about the Synergy method. Yes AUDJPY H1 is ugly, maybe go for AUDJPY H4 - Big E timeframe.
TMS 5-Method is s stripped down version of the original Synergy trading model.
Big E took the TDI and removed the Yellow and Blue volatility band lines because he wanted to keep it simple for his aggressive H4 trading.
That worked for him and many others.
But when we trade the H1, it is quite another story.

AJ still ugly also in H4 and D1. After last night planning session, we all decided to give this pair a miss this week.
There are 15 pairs in our market watchlist, more than enough to get 5 good trades this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,352
  • Nov 2, 2015 2:29am Nov 2, 2015 2:29am
Quoting emmanuel7788
{quote} Hi, I scale out +37pips half my position . This way, I reduced the overall risk and kept my initial SL at -50pips. Then when that H1 candle close bullish above Day Open, I move my SL to BE+2, and fight on. Use scaling out to help reduce the overall risk of any trade. regards,
Thanks Emmanuel

Is scale out means , at +37 you closed half position?

sorry some time not able to understand fully .

Thanks
MK
  • #62,353
  • Nov 2, 2015 2:32am Nov 2, 2015 2:32am
Quoting emmanuel7788
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...
Unfortunatly, due to this change it seems like my charts are a bit messed up and I can't fix it like I did during the summer. I live in Belgium which is CET (GMT+2). My broker takes my windows time so I can change my timezone on my computer to align my candles.

Now, I always have a sunday or a saturday candle it appears. I used to put it on GMT +4 which removed sunday candle and still closed Friday on a Friday. I'll mess around a bit more but I really don't think there's a fix. It's nothing insurmountable but still a bit annoying...

Good luck trading all,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Schermafdruk 2015-11-02 13.25.46.png Size: 48 KB
Click to Enlarge Name: Schermafdruk 2015-11-02 13.25.49.png Size: 48 KB
  • #62,354
  • Nov 2, 2015 2:37am Nov 2, 2015 2:37am
Quoting mkfx
{quote} Thanks Emmanuel Is scale out means , at +37 you closed half position? sorry some time not able to understand fully . Thanks MK
In this trade, I scaled out 50% of the original position. I risk 1% per trade with SL at -50pips.

Scaling out can be any portion your trade, not necessary to be 50% in this trade, it just that the previous candle closed and I decided to take some off the table.

We can have a fix scale-out percentage using R-Multiple.
If R = 50pips,
We can scale out when market move +0.5R in our favour.
Then we must decide whether to move SL to BE or not.
If we move to BE, most often we get taken out.
If we do not move to BE, we still risk -1R but we already have some profit to cover this -1R loss if market takes us out.

Read this posts and the attached pdfs.

Post#33,507 Post#48,008
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,355
  • Nov 2, 2015 2:40am Nov 2, 2015 2:40am
Quoting tibovwh
{quote} Unfortunatly, due to this change it seems like my charts are a bit messed up and I can't fix it like I did during the summer. I live in Belgium which is CET (GMT+2). My broker takes my windows time so I can change my timezone on my computer to align my candles. Now, I always have a sunday or a saturday candle it appears. I used to put it on GMT +4 which removed sunday candle and still closed Friday on a Friday. I'll mess around a bit more but I really don't think there's a fix. It's nothing insurmountable but still a bit annoying... Good...

Yes, the US DST and some broker changed their server to be NY open at 5pm Sunday. This screws up many indicators which calculate using the day open.
Today I prefer to trade H1 and let the market settle down with the new day open hour and close all the gaps.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,356
  • Nov 2, 2015 2:52am Nov 2, 2015 2:52am
Quoting tibovwh
{quote} Unfortunatly, due to this change it seems like my charts are a bit messed up and I can't fix it like I did during the summer. I live in Belgium which is CET (GMT+2). My broker takes my windows time so I can change my timezone on my computer to align my candles. Now, I always have a sunday or a saturday candle it appears. I used to put it on GMT +4 which removed sunday candle and still closed Friday on a Friday. I'll mess around a bit more but I really don't think there's a fix. It's nothing insurmountable but still a bit annoying... Good...

If your broker data show Sunday candle, yiu know the indicator code you can merge the Sunday data and treat that as one day with the previous Friday.

I had this problem two years ago after ibfx stopped their MT4 platform. Now I stick to Monday Tokyo Open as my new week open all my indicators like weekly pivots were changed to Tokyo Monday open. But I stopped using pivots....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,357
  • Nov 2, 2015 3:08am Nov 2, 2015 3:08am
Quoting emmanuel7788
{quote} TMS 5-Method is s stripped down version of the original Synergy trading model. Big E took the TDI and removed the Yellow and Blue volatility band lines because he wanted to keep it simple for his aggressive H4 trading. That worked for him and many others. But when we trade the H1, it is quite another story. AJ still ugly also in H4 and D1. After last night planning session, we all decided to give this pair a miss this week. There are 15 pairs in our market watchlist, more than enough to get 5 good trades this week.
ok..noted the Synergy trading model. Will stay out of AJ this week. Thanks.

Big E traded 8 pairs e/u, g/u, e/j, u/c, a/j, a/u, e/g, u/j. Perhaps it's the low spread.
I get burned on GBP all the time so staying out until I can master the less volatile currencies.
  • #62,358
  • Nov 2, 2015 3:14am Nov 2, 2015 3:14am
Quoting Fbps
{quote} ok..noted the Synergy trading model. Will stay out of AJ this week. Thanks. Big E traded 8 pairs e/u, g/u, e/j, u/c, a/j, a/u, e/g, u/j. Perhaps it's the low spread. I get burned on GBP all the time so staying out until I can master the less volatile currencies.

I only stay away from AJ for H4 and D1 trading.
You can still trade H1 which has a ADR of 85 to 100 pips.
You need only 20pips a day, try trading SYD_2H tomorrow morning when Tokyo open.

You want to trade SYD_2H breakout, read this post#48,770 and the attached pdf.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,359
  • Nov 2, 2015 3:26am Nov 2, 2015 3:26am
hi folks,
this is off topic but I would like to know how many of you are from South Australia, Adelaide or any big town kangeroo island included?
you can PM me if you prefer.
thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,360
  • Nov 2, 2015 4:56am Nov 2, 2015 4:56am
Quoting emmanuel7788
hi folks, this is off topic but I would like to know how many of you are from South Australia, Adelaide or any big town kangeroo island included? you can PM me if you prefer. thanks.
Yes i am
71 traders viewing now