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Trading Made Simple

  • #62,741
  • Edited 4:32am Nov 8, 2015 3:23am | Edited 4:32am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting snarlyjack3
Hi Everyone, Here is a new indicator from Dean Malone At CompassFx for us to analyze Here is the video: http://www.compassfx.com/video/ip/61112/61112.html Here is the indicator: Enjoy & have fun sj {file}
moin SJ,

A deviation channel is a nice tool I use it since many years , as you can see on my charts it helps me a lot.

you can find other information in the net , as you know

also on ff, but sadly not so much

http://www.forexfactory.com/showthread.php?t=349907

http://www.forexfactory.com/showthread.php?t=295770

Try it , switch a little the attitudes and you have a channel suit yourself

green pips
HPT
from level to level - you need mental strength to reach the summit
  • #62,742
  • Nov 8, 2015 4:38am Nov 8, 2015 4:38am
Quoting microsat
How can we avoid whipsaws if we use this method in smaller timeframe such as 15 mintue? Has anyone make an EA based on the mehtod and backtest the EA? What is its winning rate? Thank you.

when you can see whipsaw in M15, then you should not trade.

all the auto trading robots expert advisors EA that I have tested since 2010 all failed to produce profitable results both in short term and also long term.
I know the problem.

the only EA which work is one which manages my ME/ME trades. It does not trade automatically but only manage trades after I initiated a new basket.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,743
  • Nov 8, 2015 5:02am Nov 8, 2015 5:02am
Quoting trade786
I see people having a lot of success which is my motivation but the problem is I see many crosses on the tdi which leads to a lot of takeouts as far as I know the simple method is to wait for the price to cross the 5ema and wait for the tdi cross however I am losing pips now my question is if I am tradin the 1 hour how do I determine the over all trend on the 4hr do I check for heiken ashi colours to see if they match the 1hr or do I add another ema or trendlines
the above posts may answer this same question asked frequently.

you know there are 4 x H1 candles in one H4 candle. when we enter a H4 reversal setup, in H4 APB candle #2, you will be entering H1 in the 5th to 8th candle.

if anyone tries to catch a H4 reversal thinking of entering H4 APB#1, using H1, many will lose.

http://www.forexfactory.com/showthre...12#post8577812

http://www.forexfactory.com/showthre...72#post8579872
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,744
  • Nov 8, 2015 5:47am Nov 8, 2015 5:47am
Quoting emmanuel7788
{quote} when you can see whipsaw in M15, then you should not trade. all the auto trading robots expert advisors EA that I have tested since 2010 all failed to produce profitable results both in short term and also long term. I know the problem. the only EA which work is one which manages my ME/ME trades. It does not trade automatically but only manage trades after I initiated a new basket.
What's ME/ME trades? and, what is the name of that EA which manages your basket?
  • #62,745
  • Nov 8, 2015 5:49am Nov 8, 2015 5:49am
Quoting snarlyjack3
{quote} Trade786, I love the 4 hour charts...I trust the 4 hour charts! That's the most important thing is trust in the charts. I can position trade the 4 hour charts. I can scalp the 4 hour charts. I can sleep through my trades on the 4 hour charts. I'm thinking of setting trades on the 4 hour charts & just re position them every 4 hours, 5 days a week/ 24 hrs a day (always flowing in the markets). I haven't done it yet...bit it has crossed through my mind. Just always be in the market & re position every 4 hours (just take a lot of cat naps)....
Hello, SJ!

Since I am not native English speaker, I have trouble understanding the "re position" term in forex vocabulary. Do you mean adding more entries, the way Big Emm does?
  • #62,746
  • Nov 8, 2015 5:55am Nov 8, 2015 5:55am
Quoting Dridzz
Hello I closed all my trades on Friday before NFP. But I would have gained lots of pips if I had stayed in the trades. How do you know which direction the market will go and make pips of news?
Unless you are a fundamentals trader, it's better to just stay away from news trading. You did a good job when you closed your trades before NFP, because it might have gone the other way, and you would have been busted. So this time you would have been lucky. What about the next time? So unless you are good at fundamental analysis, you should only put weight on technical analysis and manage your trades before high impact news.
  • #62,747
  • Nov 8, 2015 5:57am Nov 8, 2015 5:57am
Quoting microsat
How can we avoid whipsaws if we use this method in smaller timeframe such as 15 mintue?
That's why we use MTF analysis.
  • #62,748
  • Nov 8, 2015 8:07am Nov 8, 2015 8:07am
Hi,

I read a lot the past ferw weeks about this system. When I see the the rules made by Eelfranz, I am not quite sure if I understand them right. So meaby someone can confirm my unstanding is it is right or wrong?

1. Am I in or close to a consolidation area.
If yes, wait for the Master Candle breakout

2. Are the previous candles small...
Don't trade, beacuse I am in a consilidation.

3. Look at the candles on the last reversal... big, little, what
If they are big, you can expect a strong continuation of the trend

Hopefully someone can clearify if my understand of thse rules is correct.

Smika
  • #62,749
  • Nov 8, 2015 9:58am Nov 8, 2015 9:58am
I propose to test indicator. Own development. Bars are painted in the colors of the Heiken Ashi.
Perhaps will helpful in TMS...
Attached Image (click to enlarge)
Click to Enlarge Name: HACB.jpg Size: 316 KB
Attached File(s)
File Type: ex4 HACB.ex4   11 KB | 265 downloads
  • #62,750
  • Nov 8, 2015 10:35am Nov 8, 2015 10:35am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
{quote} moin SJ, A deviation channel is a nice tool I use it since many years , as you can see on my charts it helps me a lot. you can find other information in the net , as you know also on ff, but sadly not so much http://www.forexfactory.com/showthread.php?t=349907 http://www.forexfactory.com/showthread.php?t=295770 Try it , switch a little the attitudes and you have a channel suit yourself green pips HPT
note deviation channel

example: I posted this chart on 06.11.15

http://www.forexfactory.com/attachme...1&d=1446813774


if you looked carefully , you saw that the channel worked fine.
for channel settings I take an importend point or annoucement as startdate and the date is in play until channel is sustainable broken.
Channelsettings have to be in confirmation to PA (you can switch it) , then you make a crosscheck with ADR . thats it .
So I have the same channel view in every timeframe, and I know in H4 the way of daily etc.
If an area of SR is reached - take TDI rules for a good entry.
I trade only higher TF and there it woks fine for me.

This is just part of my tradeplanning , must not work for others

Sorry for excursion - now back to TMS

regards
HPT
from level to level - you need mental strength to reach the summit
  • #62,751
  • Nov 8, 2015 5:26pm Nov 8, 2015 5:26pm
Quoting mfj
{quote} What's ME/ME trades? and, what is the name of that EA which manages your basket?
Introduction to Trading Made Simple Post#57,854

Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912
Money Management Strategy for TMS: Post#48,008
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726

There is no official name for my trade manager EA. For now I just call it TMS-Trade Manager.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,752
  • Nov 8, 2015 5:53pm Nov 8, 2015 5:53pm
Quoting Migleon
I propose to test indicator. Own development. Bars are painted in the colors of the Heiken Ashi. Perhaps will helpful in TMS... {image} {file}
Nice work. Thanks for sharing it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,753
  • Nov 8, 2015 6:03pm Nov 8, 2015 6:03pm
Quoting emmanuel7788
{quote} XAUUSD Update NFP closing: what a great drop into empty space with NFP favor the USD as in all other currency pairs. Next week should catch this momentum with trailing stops above 5Nov high (2-day Candles Look Back rule) with target 1081.3. {image}

XAUUSD week 46 9 Nov:

target 1081.30 is in sight but if you enter today, your technical SL would be above the high of 5 Nov. Kind of big distance.
How will you mitigate this?

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 46 9 Nov.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,754
  • Edited 6:36pm Nov 8, 2015 6:11pm | Edited 6:36pm
Quoting snarlyjack3
Hi Everyone, Here is a new indicator from Dean Malone At CompassFx for us to analyze Here is the video: http://www.compassfx.com/video/ip/61112/61112.html Here is the indicator: Enjoy & have fun sj {file}
Josh made a pdf file of the "BigE-full pdf".
This document is worth it's weight in gold!!!

I would suggest that everyone read this document.
It only takes about 1 hour & it will help you...

Thanks snarlyjack3 for VDO & indicator and also BigE-full pdf I thought it will take a week to finish it. Only 1 hour - good I will read it tomorrow thanks

Cheers,
  • #62,755
  • Nov 8, 2015 6:16pm Nov 8, 2015 6:16pm
Quoting Pipsninja
Hi emmanuel7788, I consider 10 EMA, 200 EMA, DOLs, Pivots, RNs, Support and Resistance, candle patterns just areas and zones (line in the sand) that I am interested in checking to see how price behaves in those areas add in confluence then I may take a trade. Do first touch of those mentioned above tools constitute a guaranteed win ? Absolutely not. Do pivots or candle patterns alone can turn a trader profitable? Absolutely not. Candle stick Charting Explained by Gregory L. Morris is a good read regarding the effectiveness of candle patterns. In...

Hi Pipsninja,

I fully agree with you that all the tools we have on our charts are just visual aid. The truth is we can trade without the tools which are derived from the market price itself. But many traders are attracted to having technical indicators on their charts and want to make trade decision based on the technical indicators.
In keeping it simple, Big E only use the APB, TDI and the 5EMA. At the later stage, he no longer based his trade entries on the 5EMA. He relied on price action and seeing the price momentum in the TDI. For support and resistance, he simply to the left of his charts and sees them. He did not use any of the pivots because there are too many different ways how the pivots are calculated and different day and week OHLC will show different pivots and their calculated S&R levels.
What is natural support and resistance on our charts are the OHLC of every timeframe we trade. Hence we don't need any support and resistance indicators when we trade TMS 5-Method.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,756
  • Nov 8, 2015 6:30pm Nov 8, 2015 6:30pm
Quoting tibovwh
{quote} Appreciate the reply Emmanuel, I had read a couple of those indeed. The old thread where Eric traded 5M charts was new to me! It did shed some light on 'averaging up'. I think what I am looking for is your R-based method were you average up and lock in the previous trade. (I couldn't help but notice how much the charts in the old thread resembled Clive's "Trading is simple as ABCD" charts) How did your D1 trades end up? Great GBPUSD calls, as usual. Impressive stuff! Unfortunatly, my broker made some changes to demo accounts and their platforms...

Hi,

My D1 charts trades turn out good results the past month and this new Nov week. Trading the Day charts requires patience and sometimes we can wait for weeks before a high probability trade setup shows up.

Example is USDJPY which was 'whipsaw' for 2 months after a big candle and I stayed away trading the Day chart after that big huge candle. Last week was a nice weekly inside bar breakout near the top of that big candle. I took that setup and with NFP being pro-dollar, it worked out nicely.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 46 9 Nov.png Size: 48 KB


This week is buy UJ with ME/ME.

I will start to wind down my trading this week as I will start year end summer vacation.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,757
  • Edited 9:17pm Nov 8, 2015 8:56pm | Edited 9:17pm
Quoting smika
Hi, I read a lot the past ferw weeks about this system. When I see the the rules made by Eelfranz, I am not quite sure if I understand them right. So meaby someone can confirm my unstanding is it is right or wrong? 1. Am I in or close to a consolidation area. If yes, wait for the Master Candle breakout 2. Are the previous candles small... Don't trade, beacuse I am in a consilidation. 3. Look at the candles on the last reversal... big, little, what If they are big, you can expect a strong continuation of the trend Hopefully someone can clearify if...

it is not so simple to make trade decision this way.

it is better to look at a chart and ask those same questions before you want to take a TDI trade.

look at where recent support and resistance are on your chart.

what is the market trend short term and long term. some times you see a short term trend but there is no long term trend because the long term is in consolidation. what shall you do in this sort of situation.

using price action price bar pattern or the Japanese candlesticks patterns only help us give proper names to the big and small candles. All the abbreviations BUEB/BEEB, BUOB/BEOB, IB, DIB, MC, WRB, etc. are just names for big and small candles. You need to see the market sentiments behind the price bar/candle pattern. You still need to look at support and resistance where these patterns show up on our charts. You still need to look at the market trend of that moment when you want to take a trade.

we all know that Big E is an aggressive and he takes reversal on candle APB#1 and APB#2. How he did it is based on the way he sees PA with the APB not the price bars or the Japanese candles. But he has Japanese candle charts open along side his TMS trading charts.

There are different ways to pick price reversals by looking at swing high and swing low patterns. By combining the reading of the BUEB/BEEB, BUOB/BEOB, IB, DIB, MC, WRB, and looking at the APB candles body and colour at the same time, you will get it right more times than you get it wrong.

examples here
http://www.forexfactory.com/showthre...34#post8398834
http://www.forexfactory.com/showthre...07#post8481607
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,758
  • Nov 8, 2015 11:26pm Nov 8, 2015 11:26pm
Looking to short nzd/usd H4. Any advice on this trade? Aus session is ending soon. Will LO affect it?
  • #62,759
  • Nov 8, 2015 11:34pm Nov 8, 2015 11:34pm
Quoting jeff90
Looking to short nzd/usd H4. Any advice on this trade? Aus session is ending soon. Will LO affect it?
selling is better idea, but have to wait for a good price entry...

H4 right now in correction coming out of the OS 32-level.

but when that reverses beck following the D1 and W1, H4 will continue below the 32-level.

sell high, but how high is high?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,760
  • Nov 9, 2015 12:18am Nov 9, 2015 12:18am
Hi to all Tms Traders

E/U

Has completed it's 5th wave and i think next targets are 1.8950 and 1.0080 and 1.1100 that are fobo 23,38 and 50.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD#H4.png Size: 52 KB


Gold

My target is the same my last post

 

  1. Post 62,634


Green pips to all of you
best regards.

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