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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #64,261
  • Dec 29, 2015 5:08pm Dec 29, 2015 5:08pm
Quoting Scrambleguy
{quote} Thank you very much Emmanuel
The MTF 10 ema indicator can help you with this.

Search for TMS 10ema dashboard indicator.
  • #64,262
  • Dec 29, 2015 8:22pm Dec 29, 2015 8:22pm
Quoting MaxZen
Another request for guidance.. I am planning and testing based on: Size Position = 1% of balance based on SL SL = 5 pips past recent swing 1TP = 50% of position close at 50 pips (currently testing Eur/Usd) or 50% of ADR if SL isn't giving me a 1:1 R:R @ 50 pips SL changed to BE after TP1 is achieved 2TP = the cross of (5ema shift 2) Are there any threads that you guys generally point people to for these components?

which currency pair(s) and which TF do you want to trade with these parameters?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,263
  • Dec 29, 2015 8:30pm Dec 29, 2015 8:30pm
Quoting MaxZen
{quote} The MTF 10 ema indicator can help you with this. Search for TMS 10ema dashboard indicator.

The 10EMA dashboard gives an overview of the price close above or below the 10EMA of that TF.
It does not show the distance of the price close from the 10EMA.

In some situations, the W1 candle can close very far from the 10EMA and there are opportunities for counter trend trades when there is corrections during the week.
Therefor, beside using the 10EMA dashboard, it is important we look at the price charts either Bar Chart or Japanese Candlesticks chart and look at the market condition.
Always zoom out on your charts to see the bigger picture of the market especially when you are looking at lower TF charts like H1 and H4.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,264
  • Dec 29, 2015 8:44pm Dec 29, 2015 8:44pm
Quoting MaxZen
{quote} ...A question for those that are following the Big Picture Plan every week. I assume you have to strip down your chart, go through the six steps, and then rebuild your TMS trading chart every time. I say this because I see no way of go through the plan on a plain chart (no indis) and then transpose the created/amended lines to your TMS chart.. This is a pain - especially when trading 8+ pairs.. Has anyone found a better way?
This is what I do:
Just one chart for each currency pair. Do my Big Picture Plan and save that as its own template with symbol name and week no. When I have all 15 pairs BPP done, I save them to one Profile with current week number.

You can set in your MT4 chart visualization, what you want to see when you switch chartf TF.

For example, I don't look at the TDI in MN and W1. I simple un-check the boxes.
You can do the same for any objects you draw on your Big Picture.

Attached Image (click to enlarge)
Click to Enlarge Name: MT4 Visualization box.png Size: 102 KB


Always create and save a basic template for TMS chart - just the 5EMA, Synergy HA and one TDI. You can load the template any time you want to see the TMS basic chart without all the other stuff you done for trade planning.

Make full use of the MT4 templates and profiles. You can save and copy them to other PC or another MT4 folder.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,265
  • Dec 29, 2015 11:23pm Dec 29, 2015 11:23pm
Quoting pips29
took these on the 30 min. and more often than not poor exits {image}
Awesome trade buddy
  • #64,266
  • Dec 30, 2015 5:38am Dec 30, 2015 5:38am
Quoting emmanuel7788
{quote} which currency pair(s) and which TF do you want to trade with these parameters?
Those example parameters are for Eur/Usd. I plan to optimise each pair based on ADR(10) but would welcome any thoughts

Thanks and Thanks for the other two replies - you truly are a giving Gent!
  • #64,267
  • Dec 30, 2015 5:40am Dec 30, 2015 5:40am
Quoting emmanuel7788
{quote} This is what I do: Just one chart for each currency pair. Do my Big Picture Plan and save that as its own template with symbol name and week no. When I have all 15 pairs BPP done, I save them to one Profile with current week number. You can set in your MT4 chart visualization, what you want to see when you switch chartf TF. For example, I don't look at the TDI in MN and W1. I simple un-check the boxes. You can do the same for any objects you draw on your Big Picture. {image} Always create and save a basic template for TMS chart - just the...
Ah yes, of course!
I use profiles and templates prolifically but completely forgot about the ability to disable indi's for certain TF's.. Thanks again
  • #64,268
  • Dec 30, 2015 8:32am Dec 30, 2015 8:32am
as usual, I am leaving pips on the table..My bias is cad weakness
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADCHFmicroM30.png Size: 61 KB
Click to Enlarge Name: GBPCADmicroM30.png Size: 56 KB
the cautious seldom err....C
  • #64,269
  • Dec 30, 2015 9:35am Dec 30, 2015 9:35am
another pair based on cad weakness
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYmicroM30.png Size: 61 KB
the cautious seldom err....C
  • #64,270
  • Dec 31, 2015 4:21am Dec 31, 2015 4:21am
took profits...was buying yen strength. Trades are based on the 30 min. chart which will be the time frame I am using until such time
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmicroM30.png Size: 61 KB
the cautious seldom err....C
  • #64,271
  • Dec 31, 2015 4:32am Dec 31, 2015 4:32am
sold euro weakness and profit booked...just taking small profit whenever I can
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroM30.png Size: 59 KB
the cautious seldom err....C
  • #64,272
  • Dec 31, 2015 9:21am Dec 31, 2015 9:21am
booked profits for u/y..was buying yen strength
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYmicroM30.png Size: 59 KB
the cautious seldom err....C
  • #64,273
  • Dec 31, 2015 9:55am Dec 31, 2015 9:55am
Quoting pips29
booked profits for u/y..was buying yen strength {image}
Impressive
Trade with 60
  • #64,274
  • Dec 31, 2015 10:24am Dec 31, 2015 10:24am
I just checked with my broker and was told market closes at 19.55 gmt server +2..Is this correct that we have about 90 mins to go..Can someone confirm pls
the cautious seldom err....C
  • #64,275
  • Dec 31, 2015 11:18am Dec 31, 2015 11:18am
How to set daily open line corectly.My broker is set to gmt and my time is gmt +2?
Trade with 60
  • #64,276
  • Dec 31, 2015 11:55am Dec 31, 2015 11:55am
2016 has already been ushered in with fireworks and very loud crackers. I like to take this opportunity to wish everyone in this thread a very Happy New Year and may God bless you
the cautious seldom err....C
  • #64,277
  • Dec 31, 2015 12:23pm Dec 31, 2015 12:23pm
I am still newbie (Only reading and trying on demo ) , I gained a lot of information from FF , I would like to take this opportunity to wish you a happy new year
God Bless You
  • #64,278
  • Dec 31, 2015 10:18pm Dec 31, 2015 10:18pm
u/y daily for those interested and why I took profit
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 50 KB
the cautious seldom err....C
  • #64,279
  • Jan 1, 2016 1:18am Jan 1, 2016 1:18am
Happy new year 2016 all friends.
Attached Image (click to enlarge)
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  • #64,280
  • Jan 2, 2016 2:53am Jan 2, 2016 2:53am
Quoting celord
USDCAD short entry, after the second candle closing outside PAC. Am I too late on this one ??? {image}
can you share your set up indi? looks so nice. Thanks.
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