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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

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Trading Made Simple

  • #64,081
  • Dec 11, 2015 4:08pm Dec 11, 2015 4:08pm
Quoting ChrisFXNB
Hi Is anyone able to share the indicator to show "yesterdays high and low" please? I notice that PHX62 is using this. THanks
Here you go
Attached File(s)
File Type: ex4 Daily_High_Low .ex4   3 KB | 386 downloads
Trade with 60
  • #64,082
  • Dec 11, 2015 5:37pm Dec 11, 2015 5:37pm
Quoting kumetto
{quote} Here you go {file}
thank you so much! u legend!
  • #64,083
  • Dec 11, 2015 6:20pm Dec 11, 2015 6:20pm
Quoting Fbps
{quote} Seriously, I doubt the seniors are loosing patience but you are. Relax buddy! this forum is for everyone all learning at different pace.
I am sorry about it, really, you may be right I was loosing patience - and the experts not... very interesting discussion afterwards, thanks.
  • #64,084
  • Dec 11, 2015 6:37pm Dec 11, 2015 6:37pm
Quoting ChrisFXNB
{quote} thank you so much! u legend!
Np man.Cheers
Trade with 60
  • #64,085
  • Dec 11, 2015 6:56pm Dec 11, 2015 6:56pm
Quoting emmanuel7788
Closing all my open ME/ME trades before London session close today. No more trading after today until Jan next year. This account reach $96K in 6 trading weeks, with a starting account of $50K on 1 Nov 2015. Week 50 (closed 11 Dec) Winning trades 287 Losing trades - 75 Total pips : 22,126 pips Average Win Pips : 76.8 pips Average Win : $182.29 Average Lot Size : 0.3 std. Average duration of trade : 5Days 5Hours {image} Previous trade results. http://www.forexfactory.com/showthre...31#post8637031
WoW - Fantastic result nearly1000%(about700+%) for 52weeks(all bankers have to close their shops ). You are great trader & also fantastic teacher
May I know your broker name? Must be very good broker to let you making this much money

Best regards,
  • #64,086
  • Dec 11, 2015 7:47pm Dec 11, 2015 7:47pm
Here is a case of hidden divergence
Attached Image (click to enlarge)
Click to Enlarge Name: 12.12.15.png Size: 193 KB
  • #64,087
  • Dec 11, 2015 8:49pm Dec 11, 2015 8:49pm
Quoting Lookleft
{quote} Nice trade TSS. That's walking the line to it's extreme I'm riding the Euro dragon downhill on H4, nice and green so far.
Thanks LL, best of wishes for that trade on Euro, I too missed some good trades, as they need faster actions taken, but when I do make my pips, I tend to stay a side.

Quoting omonisha
{quote} Very nice trading TSS
Welcome back OS , hope you are doing good

Quoting omonisha
{quote} Very nice trading TSS
Yes, 50 pips a day is more than sufficient, I still tho go for more but only if I spot a possible 100 pips trade, so most likely no in between, thanks and many green pips to u
I Have Learned to Take Some Losses to Make Profits
  • #64,088
  • Dec 12, 2015 3:17am Dec 12, 2015 3:17am
took long at the opening of the FO
entry reason:
tdi cross
price away from 10 and 50 ema
tp hit +110 pip
i think i closed it too soon
do you guys think that ea can still go up (tdi looks strong)? but that ib candle is the sign of retracement right?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
Take What You Can , Give Nothing Back
  • #64,089
  • Dec 12, 2015 4:19am Dec 12, 2015 4:19am
Quoting catalin_eros
{quote} Hello, Jav! Do you remember what Big E asked in probably the most important post of his? "What's the higher time frame saying?" So you can look at a higher time frame, be it W1, or MN, see which one works best with D1 chart. Maybe you'll find out they both work out well, and you should check them both before entering a trade on D1. Or... You can do it the other way around. You can first check the higher time frame, and then look for setups on the lower time frame. Let me give you an example: (Your pic shows the the D1 chart. I see some nice...
Thank you Catalin for a simple yet good explanation here.

May I ask if you use 200 EMA? If yes, on the given example, would you buy during the D1 blue APB #3?

How do you monitor the 16 charts at the same time? Or you only choose 2-3 favorable pairs for the day among your list?
  • #64,090
  • Dec 12, 2015 4:36am Dec 12, 2015 4:36am
Hey guys,

Do we use 200 EMA as only S/R or as the direction of the trend?
Like here on the Daily NZDUSD Chart, can we not buy because the 200 EMA is above the blue circled APB?
Should we trade only away from 200 EMA? Or does the "trade away 200EMA" only apply to H1 TF?

Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: NU D1.png Size: 42 KB
  • #64,091
  • Dec 12, 2015 5:29am Dec 12, 2015 5:29am
Quoting pulubi28
Hey guys, Do we use 200 EMA as only S/R or as the direction of the trend? Like here on the Daily NZDUSD Chart, can we not buy because the 200 EMA is above the blue circled APB? Should we trade only away from 200 EMA? Or does the "trade away 200EMA" only apply to H1 TF? Thank you! {image}
The 200ema can act as dynamic support on any TF. It can also be used on any TF as an indicator to long term trend.
For new traders the rule if price is below the 200ema you sell and if above you buy will help keep you out of trouble.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #64,092
  • Edited 5:52am Dec 12, 2015 5:41am | Edited 5:52am
Quoting pulubi28
{quote} Thank you Catalin for a simple yet good explanation here. May I ask if you use 200 EMA? If yes, on the given example, would you buy during the D1 blue APB #3? How do you monitor the 16 charts at the same time? Or you only choose 2-3 favorable pairs for the day among your list?
Hello, Pulubi!

I do not use the 200 EMA. I use the guppies, but I feel like I can also trade successfully without them next year. So just the APB, PAC (or 5 EMA, since I trade two templates for different time frames), the TDI, and currently the guppies. That is just my style, it is a matter of preference, and I do not quite like the 200 EMA, although many traders use it successfully in their trading.

During the number 3 APB I would be buying on H1, because the APB 2 closed as a nice looking APB, showing further potential to to upside, and the TDI is still supporting the upward movement. When APB 3 closed, I would still be looking to buy on the next APB using the H1, which turned out to close as a bad looking APB, so after that candle I would not be looking to buy anymore. So basically if the yesterday's APB is still supportive, and also the TDI, I would keep looking to trade in that direction on H1. Since I am using the guppies at the moment, I do not look at the D1 TDI, I only look at the candles and the guppies to establish my direction for the H1. But since on that image there were no guppies, I would be looking at the D1 TDI to confirm the APB. I hope that was not confusing.

Monitoring 16 pairs is not easy, not to mention I trade other strategy as well, also with the same 16 pairs. Besides that, I still need to do my job, but I am lucky to have a job that requires me to be at the PC all day long, and that helps me monitor my trades as well. So that is how I do it, and I learnt to be fast and now I have no issues trading 16 pairs (I also take a look at gold, but I do not trade it yet). To make an addition here, I must say that out of these 16 pairs, I am usually left with half of them to monitor and trade on H1, after I establish the direction or no direction on the D1. After I establish direction on the D1 chart, then I use an arrow on H1 to know if I am looking for long or short setups. That's the use of the magenta arrow you see on my H1 charts.

That's just my point of view, and I hope it was helpful.

Have a great weekend!

EDIT: What I forgot to mention is that on candle 2 close we are near a resistance area, so I would only look to buy on candle 3 after a retracement (or breakout) on H1, to make sure I have some space until the resistance. That's important. The same goes for the candle after the candle 3.
  • #64,093
  • Dec 12, 2015 6:00am Dec 12, 2015 6:00am
Quoting TheScorpS
{quote} Thanks LL, best of wishes for that trade on Euro, I too missed some good trades, as they need faster actions taken, but when I do make my pips, I tend to stay a side. {quote} Welcome back OS , hope you are doing good {quote} Yes, 50 pips a day is more than sufficient, I still tho go for more but only if I spot a possible 100 pips trade, so most likely no in between, thanks and many green pips to u
EURJPY didn't work out as well as I had hoped but managed 50 pips. However GBPAUD exceeded all my expectations from LO entry
Green pips for next week but watch out for the USD rate hike next week and the EUR babble on Monday.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #64,094
  • Dec 12, 2015 6:05am Dec 12, 2015 6:05am
Quoting Vnp
Here is a case of hidden divergence {image}
nice work
  • #64,095
  • Dec 12, 2015 8:39pm Dec 12, 2015 8:39pm
Can anyone suggest some good youtube videos that focus on price action?
  • #64,096
  • Dec 12, 2015 9:51pm Dec 12, 2015 9:51pm
Thank you LookLeft and Catalin for answering my questions with a detailed explanation.
Learning everyday, step by step.
Please note that I am very grateful to your time and answers.
  • #64,097
  • Dec 13, 2015 1:50pm Dec 13, 2015 1:50pm
Quoting pulubi28
Thank you LookLeft and Catalin for answering my questions with a detailed explanation. Learning everyday, step by step. Please note that I am very grateful to your time and answers.
You are very welcome!

I am sorry my replies come late, but I am very busy with my work, and I check the forum whenever the time allows it.

Many green pips to everyone!
  • #64,098
  • Dec 13, 2015 10:57pm Dec 13, 2015 10:57pm
Quoting darrie23
Can anyone suggest some good youtube videos that focus on price action?
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  • #64,099
  • Dec 14, 2015 1:38am Dec 14, 2015 1:38am
Anyone looking at EURCHF?

Saw this on the daily. If today closes below 1.0794, a master candle breakout would be formed... will it be a bearish pair?
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-12-14.png Size: 43 KB
  • #64,100
  • Dec 14, 2015 5:56am Dec 14, 2015 5:56am
Quoting pips29
entries on the daily....let's see {image} {image}
E/G was looking like it's gonna fail me and therefore I took it out hours ago...I had taken some profits from E/Y and leaving the trade to either hit target or stopped out..I will move stop gradually downwards according to pa
Attached Image(s) (click to enlarge)
Click to Enlarge Name: egdaily.png Size: 74 KB
Click to Enlarge Name: eydaily.png Size: 74 KB
the cautious seldom err....C
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