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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

  • #64,421
  • Jan 6, 2016 7:07pm Jan 6, 2016 7:07pm
Quoting Meihk
Hi all, My trades after the new year, GBP/CAD= 580+ and EUR/USD= 550+. I still have GBP/USD in play, I've already locked in my profit by moving my SL closer. {image} {image}

Very good trading...

the commodities currencies AUD, CAD and NZD are taking a beating so we buy EURAUD,EURCAD, EURNZD, GBPAUD, GBPCAD and GBPNZD on D1 charts with ME/ME.
lots of pips to make and with proper money management and position sizing, the profits will be great.

Good Trading and Trade Safe with ME/ME.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,422
  • Jan 6, 2016 7:16pm Jan 6, 2016 7:16pm
Quoting emmanuel7788
XAUUSD Week 46 11 Nov update: Sorry folks forgot to update early today but looking at the previous 2 day candles which look indecisive, it is time to get out of all positions. {image} Wait for the next move. Don't know when but I am out of this till next year.

XAUUSD Week01 7 Jan:

Gold went sideways the whole Dec month and started showing some life when market re-open this week.

It has broken out of that 3Dec WRB range and started trending. Make a guess where it will head towards.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week01 7 Jan.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,423
  • Jan 6, 2016 7:38pm Jan 6, 2016 7:38pm
Quoting Fbps
{quote} Hi Dimi, my WinZip evaluation copy has expired. Do you mind attaching the individual files instead?
Hi Fpbs here are the files from Dimi's zip file the last 4 are additional indicators on the chart.
Attached File(s)
File Type: tpl TMS Big E.tpl   5 KB | 545 downloads
File Type: ex4 Stochastic.ex4   11 KB | 493 downloads
File Type: mq4 Stochastic.mq4   5 KB | 495 downloads
File Type: ex4 Synergy_APB.ex4   4 KB | 503 downloads
File Type: ex4 TDI Red Green Alerts mod. 2015.fxdaytrader.ex4   30 KB | 515 downloads
File Type: mq4 TDI Red Green Alerts mod. 2015.fxdaytrader.mq4   29 KB | 605 downloads
File Type: ex4 CInfo v2.1.ex4   11 KB | 508 downloads
File Type: mq4 CInfo v2.1.mq4   4 KB | 559 downloads
File Type: ex4 Daily Range PeterE.ex4   9 KB | 486 downloads
File Type: mq4 Daily Range PeterE.mq4   2 KB | 564 downloads
  • #64,424
  • Jan 6, 2016 7:39pm Jan 6, 2016 7:39pm
Quoting JayS45
{quote} Hi Fpbs her are the files from Dimi's zip file the last 4 are additional indicators on the chart. {file} {file} {file} {file} {file} {file} {file} {file} {file} {file}
And a chart picture showing the set up too
Attached Image (click to enlarge)
Click to Enlarge Name: Sample Chart TMS.png Size: 62 KB
  • #64,425
  • Jan 6, 2016 8:02pm Jan 6, 2016 8:02pm
was beaten by AUD data this moning when do M15, H1.
  • #64,426
  • Jan 6, 2016 8:27pm Jan 6, 2016 8:27pm
Quoting tomgu
was beaten by AUD data this moning when do M15, H1.
there is a lot or volatility with the market in turmoil and not so much with the data release this morning.
expect further weakening of AUD and NZD with the Chinese Yuan in the market.
better to stay away from trading H1 and below.
take trades with smaller lot size positions on the D1 chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,427
  • Jan 6, 2016 8:48pm Jan 6, 2016 8:48pm
Quoting JayS45
{quote} Hi Fpbs here are the files from Dimi's zip file the last 4 are additional indicators on the chart. {file} {file} {file} {file} {file} {file} {file} {file} {file} {file}
Thanks Jay! Good work
  • #64,428
  • Jan 6, 2016 8:55pm Jan 6, 2016 8:55pm
Quoting emmanuel7788
{quote} Very good trading... the commodities currencies AUD, CAD and NZD are taking a beating so we buy EURAUD,EURCAD, EURNZD, GBPAUD, GBPCAD and GBPNZD on D1 charts with ME/ME. lots of pips to make and with proper money management and position sizing, the profits will be great. Good Trading and Trade Safe with ME/ME.
Hi Emmanuel7788,

I'm still new to the ME/ME, but i'm glad that i came across this and thank you for helping us out i appreciated it very much. I do see commodities currencies are weakening and i'll keep that in mind.

safe travel,
Meihk
  • #64,429
  • Jan 6, 2016 9:21pm Jan 6, 2016 9:21pm
Quoting blackfriday
{quote} I love this little tool https://technet.microsoft.com/de-de/...rnals/bb897434 Just press two buttons like "strg >" (to be pre-defined) to have your screen content magnified, press again and everything is back standard. Works with every program, all window versions from XP on
Thanks for that. It worked almost too well.
Trading is simply about managing the area between your ears
  • #64,430
  • Jan 6, 2016 9:49pm Jan 6, 2016 9:49pm
Quoting emmanuel7788
{quote} XAUUSD Week01 7 Jan: Gold went sideways the whole Dec month and started showing some life when market re-open this week. It has broken out of that 3Dec WRB range and started trending. Make a guess where it will head towards. {image}
Hi Emmanuel7788

I've been on the s&p drop and watching the gold. have a 1109 and 1126 as resistance for a spot gold turn back, if this metals rally fizzles on US unemployment tomorrow and NFP on Friday. With USD walking aimlessly on dailies, gold gets my attention especially when crude falls down the elevator shaft to 32 support.

But everything is getting close to good resistance or support, as the case might be. So, might expect a short term rip against the daily trend on some or all of the stox, gold, crude and USD index and its pairs. I would nominate gold and stox as the first reaction at data releases, regardless of what the data is. Just one of my thoughts with the return of lovely volatility.

as you have probably seen before, if this just a short term correction for global indices, these weeks when day after day of down in stocks, usually have either a bigger down on a Monday and then reverses or bounces big right from the sunday opening.

s&p futures down another 20

ain't this fun?

.
Trading is simply about managing the area between your ears
  • #64,431
  • Jan 6, 2016 10:06pm Jan 6, 2016 10:06pm
Quoting emmanuel7788
{quote} many falling knives this week, ... How to catch a falling knife and not getting cut while trying? {image}
I try to ride a falling knife. riding the knife requires a few skills, one of which is depth perception, just to estimate how fast the bottom is rising. Big Grin

how high does a dead cat bounce?
Trading is simply about managing the area between your ears
  • #64,432
  • Jan 6, 2016 10:25pm Jan 6, 2016 10:25pm
Quoting Dimi.A
In Post 285 Big E said: Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything... don't complicate it. Many traders on the old thread said once they quit trying to improve it or making it more complicated... their pip take exploded. {file} {image}

that's one of my favorite rules of eelfranz. if it is simple, it works. markets are simple most of the time. but people just can't believe that it is simple because they know they themselves are complex ... and complex is interesting. people make their lives complex, but that is because they are too ______(fill in the blank) to see that a simple life is so rewarding.

as I have said, I use tdi on every thing I look at or trade. everything!
Trading is simply about managing the area between your ears
  • #64,433
  • Jan 7, 2016 5:30am Jan 7, 2016 5:30am
Quoting pulubi28
Guys, I need help.. How do I overcome the feeling of doubt to the system I built with TMS? ...Your suggestions are highly appreciated.
when you start to have doubt trading with TMS, you are questioning your belief about TMS.

when your belief is no longer true, you need to do the TURNAROUND.

"You do not trade the markets, you trade your beliefs about the markets." — Dr Van Tharp

http://www.forexfactory.com/showthre...52#post6681152
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,434
  • Jan 7, 2016 6:30am Jan 7, 2016 6:30am
AUDUSD Sell

Trade opened at the open Tuesday based on D1 chart. Expected some retracement so only half risk. There was no chance to average down and up to full risk.

In hindsight there were a few IB's on this 4H that I could have used to add I think but I did not monitor close enough.

Closed at 0.70 for +175 pips. (0.6%)

Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2016-01-07 14.25.10.png Size: 74 KB



Best,
  • #64,435
  • Jan 7, 2016 7:29am Jan 7, 2016 7:29am
Whats ME/ME?
  • #64,436
  • Jan 7, 2016 7:51am Jan 7, 2016 7:51am
Quoting crazyewok
Whats ME/ME?
hello crazyewok,

take a look at this post from Emmanuel7788 post #63,762 this will explain what ME/ME is.

regards,
Meihk
  • #64,437
  • Edited 8:31am Jan 7, 2016 8:14am | Edited 8:31am
Quoting emmanuel7788
{quote} when you start to have doubt trading with TMS, you are questioning your belief about TMS. when your belief is no longer true, you need to do the TURNAROUND. "You do not trade the markets, you trade your beliefs about the markets." Dr Van Tharp http://www.forexfactory.com/showthre...52#post6681152
Agreed. Nice one Em!
When all else fails I know I can always count on the TMS to pay the bills

I'm currently long at the moment GBPJPY with a small trade 0.30 lots. Entry signal was the TDI on the 1H chart upon the closed candle. Remember the key is the angle of the TDI (notice the nice, clear steep angle of the old TDI).
I'm up +30 pips so I've now moved my stop loss up to lock in +20 of those pips and I'll let it ride (can't be too careful with all this silly Chinese volatility happening).

Hope you guys caught that one too.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1 +20 PIPS LOCKED IN.png Size: 48 KB
  • #64,438
  • Jan 7, 2016 8:39am Jan 7, 2016 8:39am
usd/chf sell 49 pip profit
Attached Image (click to enlarge)
Click to Enlarge Name: 02._USDCHF_SELL_07_JAN_2016.png Size: 65 KB
  • #64,439
  • Jan 7, 2016 8:55am Jan 7, 2016 8:55am
Quoting Dimi.A
{quote} Agreed. Nice one Em! When all else fails I know I can always count on the TMS to pay the bills I'm currently long at the moment GBPJPY with a small trade 0.30 lots. Entry signal was the TDI on the 1H chart upon the closed candle. Remember the key is the angle of the TDI (notice the nice, clear steep angle of the old TDI). I'm up +30 pips so I've now moved my stop loss up to lock in +20 of those pips and I'll let it ride (can't be too careful with all this silly Chinese volatility happening). Hope you guys caught that one too. {image}
Nice one Dimi
Might also mention that PA reacted to the BRN (171.000) and created a nice pin bar.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #64,440
  • Jan 7, 2016 8:58am Jan 7, 2016 8:58am
Quoting JayS45
{quote} And a chart picture showing the set up too {image}
Thanks a lot for your effort Jay. Much appreciated.
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