Trading Made Simple | Page 3153 | 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

  • #63,041
  • Nov 11, 2015 2:24pm Nov 11, 2015 2:24pm
Quoting tibovwh
{quote} Here's a nice example of how a professional trader handles a position and how a newbie handles one .. Closed the trade with a few pips profit after that large BUOB after GBP New Release... {image}
professional traders take positions in the market.
the other traders trade the market.

that's the difference.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,042
  • Nov 11, 2015 2:56pm Nov 11, 2015 2:56pm
Emmanuel,

I was looking at your tdi's.
I think that is very interesting!
(I have no idea why the 2 Synergy Pro
tdi's would be so different).

Which tdi do you think we should use?
Thanks for all your help.
sj

sjhttp://www.forexfactory.com/attachme...1&d=1447280561
  • #63,043
  • Nov 11, 2015 4:58pm Nov 11, 2015 4:58pm
Quoting pips29
the aussie trade using H4 according to big E's timetable {image}
trade closed
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDmicroH4.png Size: 63 KB
the cautious seldom err....C
  • #63,044
  • Nov 11, 2015 5:56pm Nov 11, 2015 5:56pm
Quoting pips29
{quote} trade closed {image}
pip29 which indicator is that, it show 0.0 and below it is +75.9 pips?

Can you please share it with us?
  • #63,045
  • Nov 11, 2015 6:15pm Nov 11, 2015 6:15pm
Quoting emmanuel7788
Divergence setups trades. Sometimes divergence work other times most fails {image} {image}

AUDUSD H4 trade closed:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD week 46 H4 11 Nov trade closed.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,046
  • Edited 6:44pm Nov 11, 2015 6:31pm | Edited 6:44pm
Quoting snarlyjack3
Emmanuel, I was looking at your tdi's. I think that is very interesting! (I have no idea why the 2 Synergy Pro tdi's would be so different). Which tdi do you think we should use? Thanks for all your help. sj sj{image}

Hi SJ,

they are the same Synergy_Pro_TDI indicator which I placed twice in the same chart window.
There is a coding error in the alert coding.

Attached Image (click to enlarge)
Click to Enlarge Name: Synergy_Pro_TDI discrepancy.png Size: 86 KB


Edit:
Which TDI should use use?
Any TDI will do but make sure to stick to it forever. Consistency is important and is an integral part of the trader's winning edge. The key is in the price action above the TDI not the TDI.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,047
  • Nov 11, 2015 6:44pm Nov 11, 2015 6:44pm
Quoting Vpa021
{quote} pip29 which indicator is that, it show 0.0 and below it is +75.9 pips? Can you please share it with us?
That is pipsometer ....
Here it is ..........
Attached File(s)
File Type: ex4 pipsometer_5_decimal.ex4   13 KB | 465 downloads
  • #63,048
  • Edited 8:46pm Nov 11, 2015 7:28pm | Edited 8:46pm
One TMS trader got confused with my post above and after watching that latest video by DM on Pivots.

What we need to know first is there are different ways in which Pivots are calculated.
That video, DM showed and explained the Standard Pivot which uses the previous candle OHLC, and the standard pivot calculate the pivot point using only the average of the High+Low+Close prices, which is the Typical Price (H+L+C)/3.
So when we use the Weekly standard pivot, that is in fact a 1-period Simple Moving Average, Shift+1 of the Weekly candle.
See chart below.
If we draw a segment line from the SMA(1) at the beginning of the new week, that will be our new week' Pivot.
All the other S1 S2 S3 and R1 R2 and R3 lines below and above that pivot are just pips distance from that same pivot.
The pips distance are based on fraction of the previous week's High Low range.

Attached Image (click to enlarge)
Click to Enlarge Name: Weekly Pivot Standard.png Size: 76 KB


Note: you cannot use this week's pivot and its S and R to backtest the previous weeks. This is nonsense, so you must know this technical fact and know the pivot indicator posted everywhere. Rule is every new week has its own pivots levels. Many of the pivots posted are poorly coded.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,049
  • Nov 11, 2015 8:52pm Nov 11, 2015 8:52pm
hi emm,

EG D1, is hitting the support. How shld i trade this?
  • #63,050
  • Nov 11, 2015 9:04pm Nov 11, 2015 9:04pm
Quoting jeff90
hi emm, EG D1, is hitting the support. How shld i trade this?

Hi,

what support do you see?

I trade following the Weekly as my Primary Trend.

I see on the Day, there was a big candle (5Nov) and the Day show a bearish reversal which is from that top of that D1 big candle which I know is a WRB.
That D1 WRB low is where my target is and is CONFLUNCE with 0.7050, 0.7032. The lower target can be lower to 0.7000 but not without a lot of intraday noise trading.
The next swing low on my d1 chart is 0.6988.

Do you know how to identify swing highs and swing lows on your charts using a consistent approach?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,051
  • Nov 11, 2015 9:13pm Nov 11, 2015 9:13pm
Quoting emmanuel7788
{quote} Hi, what support do you see? I trade following the Weekly as my Primary Trend. I see on the Day, there was a big candle (5Nov) and the Day show a bearish reversal which is from that top of that D1 big candle which I know is a WRB. That D1 WRB low is where my target is and is CONFLUNCE with 0.7050, 0.7032. The lower target can be lower to 0.7000 but not without a lot of intraday noise trading. The next swing low on my d1 chart is 0.6988. Do you know how to identify swing highs and swing lows on your charts using a consistent approach?
Hmm..i m using the WRB as the support and ressistance. I do not know how to refer the swing low all the way till aug.
  • #63,052
  • Nov 11, 2015 9:34pm Nov 11, 2015 9:34pm
Quoting jeff90
{quote} Hmm..i m using the WRB as the support and ressistance. I do not know how to refer the swing low all the way till aug.

Swing Highs / Swing Lows: Post#57,799

EURGBP D1 chart with recent swing low as potential support...

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP swing high swing low.png Size: 69 KB


no need to use any support and resistance indicators.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,053
  • Nov 11, 2015 9:45pm Nov 11, 2015 9:45pm
Quoting emmanuel7788
{quote} Swing Highs / Swing Lows: Post#57,799 EURGBP D1 chart with recent swing low as potential support... {image} no need to use any support and resistance indicators.
God...i din know that. But does thi work for lower time frame?
  • #63,054
  • Nov 11, 2015 9:54pm Nov 11, 2015 9:54pm
To answer one PM I got today on how to use the OHLC of the MN and W1.

Here is what I use the MN OHLC when I trade the Day chart with TMS.
Attached Image (click to enlarge)
Click to Enlarge Name: Monthly OHLC as support and resistance.png Size: 39 KB

OHLC are there in every trading platform. They are natural support and resistance, no need for any technical indicators.

There 'secret' is to look at the price action in the lower timeframes (our trading timeframes) and look at CONFLUENCE areas of perceived "supports and resistances" in the market place.

Do not spend too much time and complicate your trading life with technical indicators. You can better spend on your in building and testing your money management strategy to work with TMS.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,055
  • Nov 11, 2015 9:55pm Nov 11, 2015 9:55pm
Quoting emmanuel7788
Do Not rely too much on your technical indicator for your trading. The below chart will show you why? {image}
I've noticed that the Pro TDI and the TDI Real time is also different from one another, yesterday I had a situation where the Pro TDI showed a beautiful angle but the TDI RT showed it was going flat, and true as bob the market did turn around, its as if the TDI RT gave a earlier warning.
  • #63,056
  • Nov 11, 2015 10:00pm Nov 11, 2015 10:00pm
Quoting jeff90
{quote} God...i din know that. But does thi work for lower time frame?

The same approach works in all timeframes.

That's why I use the Monthly Line Chart and draw those price historical swing levels and I trade H4 and D1 when the price action is between those MN swing levels.

Trading is all about Entries and Exits.

Market move from level to level. Sometimes they reverse between two levels, and therefore we all must our stop loss and must thank the person who invented trading with Stop Loss. Other times market volatility takes out your Stop Loss and continues between those same levels.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,057
  • Nov 11, 2015 10:06pm Nov 11, 2015 10:06pm
Quoting stefan17
{quote} I've noticed that the Pro TDI and the TDI Real time is also different from one another, yesterday I had a situation where the Pro TDI showed a beautiful angle but the TDI RT showed it was going flat, and true as bob the market did turn around, its as if the TDI RT gave a earlier warning.

Yes, these technical indicators are coded by different programmers and can be different in the logic.

On top of that, the parameters used are also different. For example the RSI period, the RSI price type, the Moving average period and type, etc. can make the differences in the various TDIs posted here in FF. In my experience, the mathematical calculation of the TDI Green angle is rubbish. We just eye ball the price bar OHLC and with the APB, that works better when trading TMS.

What is the solution?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,058
  • Nov 11, 2015 10:07pm Nov 11, 2015 10:07pm
Quoting stefan17
{quote} I've noticed that the Pro TDI and the TDI Real time is also different from one another, yesterday I had a situation where the Pro TDI showed a beautiful angle but the TDI RT showed it was going flat, and true as bob the market did turn around, its as if the TDI RT gave a earlier warning.

If you have a realtime screen shot of that chart (without refreshing it) , I can tell you what I see and how to trade that 'correctly'.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,059
  • Nov 11, 2015 10:16pm Nov 11, 2015 10:16pm
Quoting emmanuel7788
{quote} The same approach works in all timeframes. That's why I use the Monthly Line Chart and draw those price historical swing levels and I trade H4 and D1 when the price action is between those MN swing levels. Trading is all about Entries and Exits. Market move from level to level. Sometimes they reverse between two levels, and therefore we all must our stop loss and must thank the person who invented trading with Stop Loss. Other times market volatility takes out your Stop Loss and continues between those same levels.
Omg...thx for enlightening me.
Another question. I read on the Master candle.pdf. Im aware that its ok to trade a breakout after c1c2c3c4. What if a breakout happen at c4. Is it consider a null trade for tat?
  • #63,060
  • Nov 11, 2015 10:20pm Nov 11, 2015 10:20pm
Quoting jeff90
{quote} Omg...thx for enlightening me. Another question. I read on the Master candle.pdf. Im aware that its ok to trade a breakout after c1c2c3c4. What if a breakout happen at c4. Is it consider a null trade for tat?

Only with a chart then I can see the price action and answer you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
85 traders viewing now