Trading Made Simple | Page 3242 | 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

  • #64,821
  • Edited 3:13am Jan 20, 2016 3:00am | Edited 3:13am
Quoting teslaYoung
First of all, I would like to thank emmanuel7788 and many other TMS traders for the great great support in this thread, I do have learnt and keep learning so many useful methods to form my own trading style. What you have contributed to this thread is helping me on the right track, I hope I can become the professional TMS trader like you guys one day and help with others to improve this community together. Now I am still learning ME/ME method, I find this method very consistent with relatively high winning ratio, I have gained 772 pips so far in...
Excellent work striving to be where you are now.

can you possibly post some chart of your entries, may be we can help with you question.
It's in fear when people show what they truly value.
  • #64,822
  • Jan 20, 2016 3:12am Jan 20, 2016 3:12am
LO re-evaluation of the sell off plan for longs, plan B , for +50 pips EA long , now the pair at double tops on H4 but still not ready for sell off, re-evaluating later LO or NYO session
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 252 KB
I Have Learned to Take Some Losses to Make Profits
  • #64,823
  • Jan 20, 2016 3:26am Jan 20, 2016 3:26am
Quoting TheScorpS
LO re-evaluation of the sell off plan for longs, plan B , for +50 pips EA long , now the pair at double tops on H4 but still not ready for sell off, re-evaluating later LO or NYO session {image}
smart move and well done. I missed my entry long by a few pips as I was waiting for a touch of the 10 ema on H1 but it never came.The ema has adjusted upwards in line with price and it now shows a touch...well, there goes 100 pips down the drain..will see if I can get a second chance
the cautious seldom err....C
  • #64,824
  • Jan 20, 2016 3:58am Jan 20, 2016 3:58am
Quoting pips29
{quote} smart move and well done. I missed my entry long by a few pips as I was waiting for a touch of the 10 ema on H1 but it never came.The ema has adjusted upwards in line with price and it now shows a touch...well, there goes 100 pips down the drain..will see if I can get a second chance
Thanks pips , now its going the other way around, maybe will catch some laters
I Have Learned to Take Some Losses to Make Profits
  • #64,825
  • Jan 20, 2016 5:26am Jan 20, 2016 5:26am
Quoting Dimi.A
{quote} Beautiful trade bro. Man you're a seasoned TMS trader now! Here's a quote from Big E that I'll always be thankful for because it really helped shape the way I trade today: Stop trading lower time frames if you really want to make money. When I finally got sick and tired of making $1 a pip I switched to 4hr charts and trading full lots. I've spent a lot of money and thousands of hours studying and it was about time I got paid for it... and I do using our method. Nothing could be further from the truth! Even though the TMS does work in lower...
Hi guys, just a trade I took today AUDUSD. There had been a small upwards run then the 4H closed red and below the 5EMA. Went short on the next candle. TDI not the best angle but a cross with Stoch confirming as per original rules and off the template from Dimi. My TP & SL probably need work I moved my SL up when I was up 35 pips. Got stopped at open of next candle pulling back but thanks to Dimi timed entry and trade making 29 pips. Any advice or criticism welcome here. Thanks to Dimi for reminding me keep it simple.

Quoting emmanuel7788
{quote} Hi tibovwh, here is my AUDUSD trade chart with current update. {image} regards,
Thanks Emmanuel for yr updates too
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 57 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4end.png Size: 55 KB
  • #64,826
  • Jan 20, 2016 6:52am Jan 20, 2016 6:52am
Quoting teslaYoung
First of all, I would like to thank emmanuel7788 and many other TMS traders for the great great support in this thread, I do have learnt and keep learning so many useful methods to form my own trading style. What you have contributed to this thread is helping me on the right track, I hope I can become the professional TMS trader like you guys one day and help with others to improve this community together. Now I am still learning ME/ME method, I find this method very consistent with relatively high winning ratio, I have gained 772 pips so far in...
May I know how you set your SL?
  • #64,827
  • Jan 20, 2016 7:06am Jan 20, 2016 7:06am
Quoting emmanuel7788
{quote} Hi Con, Fib 38/50 entry: {image} regards,
Hi Big Emm! What if we missed the Fib 38/50? What if the market dont retrace?
Is there a plan B to have a good entry still on H4?

Also, I am having a hard time with putting SL and TP on my trades.
In putting SL, does looking back at 2 candles apply on H4? But sometimes it goes very far already.

Here are my 2 trades for this week. I am trying to gain first the confidence of entry/exit of H4 TMS-5 Method with 20-30pips per trade per day. After that, my focus will be ME/ME, Hopefully that will be soon.

(My short entry was few minutes before it closed. A little too early. Still trying to learn how to be patient because I was afraid to miss the bus. )
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB


Thanks Emm!
  • #64,828
  • Jan 20, 2016 7:18am Jan 20, 2016 7:18am
Quoting pulubi28
{quote} Hi Big Emm! What if we missed the Fib 38/50? What if the market dont retrace? Is there a plan B to have a good entry still on H4? Also, I am having a hard time with putting SL and TP on my trades. In putting SL, does looking back at 2 candles apply on H4? But sometimes it goes very far already. Here are my 2 trades for this week. I am trying to gain first the confidence of entry/exit of H4 TMS-5 Method with 20-30pips per trade per day. After that, my focus will be ME/ME, Hopefully that will be soon. (My short entry was few minutes before...
Hi Pulubi,

I like your short entry more than your long. The D1 direction has been short for one. And your long entry was on close of blue APB#3. but aiming for small pips in the beginning is probably a good idea.

As for SL... I don't think there is any rule set in stone. There are a couple of things.
2 candle lookback
swing high/low
other side of PAC
multiple of ATR
fixed pip number

Have a look at all these concepts. When you enter a trade you can compare the different levels and look for a good SL. The goal should be to find something that works for you and implement it in your writting down trading rules.

When you find yourself thinking your SL is too far, perhaps you missed the right entry and you should pass on the trade. Always look at the R/R you are getting.

Best,
  • #64,829
  • Jan 20, 2016 7:21am Jan 20, 2016 7:21am
Quoting teslaYoung
First of all, I would like to thank emmanuel7788 and many other TMS traders for the great great support in this thread, I do have learnt and keep learning so many useful methods to form my own trading style. What you have contributed to this thread is helping me on the right track, I hope I can become the professional TMS trader like you guys one day and help with others to improve this community together. Now I am still learning ME/ME method, I find this method very consistent with relatively high winning ratio, I have gained 772 pips so far in...
Hi TY,

I liked your posts so far! You do your homework and in the end this will pay off.

Do you only monitor your pips gained/lost? Or do you look at %return too? Knowing your R-multiples is important. I have recently voiced my skepticism about summing up pips from ME/ME. I am still convinced that this can be misleading.

You are doing great!

Best,
  • #64,830
  • Jan 20, 2016 9:04am Jan 20, 2016 9:04am
@ JayS45

I like my Stoch at 21, but as always with indicators it's up to you which settings and how you use them.

A number of currencies are at very long term highs and lows, which comes into the equation, it is significant, but in which way, I cannot say, maybe other traders will have views.

Although I do have a view on the pound, a couple of weeks ago I commented that the pound would still fall because there was no mainstream news on the subject, however yesterday http://www.bbc.co.uk/news/business-35343792

As I understand the idea is to scare the last of the 'herd' into selling so that the major players can start buying again, it could dip a little more just to suck some in, time will tell, for us traders especially with TMS it's not that relevant, but I think interesting nonetheless.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-mn1-oanda-division1.png Size: 41 KB
  • #64,831
  • Jan 20, 2016 9:13am Jan 20, 2016 9:13am
Hey everyone today I want to talk about THE POWER OF THE RETEST, below you will see a trade I am currently, it is a wedge pattern on the 4hr Tf, majority of people enter these types of patterns on the candle close that broke the wedge, I enter these types of trades on the retest of the wedge, not only do I get a much better entry (43 Pips in this case) I also get a much better RR (Risk to Reward Ratio.​
Attached Image (click to enlarge)
Click to Enlarge Name: Power_of_retest.png Size: 39 KB
  • #64,832
  • Jan 20, 2016 9:26am Jan 20, 2016 9:26am
Quoting stefan17
Hey everyone today I want to talk about THE POWER OF THE RETEST, below you will see a trade I am currently, it is a wedge pattern on the 4hr Tf, majority of people enter these types of patterns on the candle close that broke the wedge, I enter these types of trades on the retest of the wedge, not only do I get a much better entry (43 Pips in this case) I also get a much better RR (Risk to Reward Ratio.​ {image}
Excellent point, it's kind of like, nearly every trade I enter, and I expect probably the same of most whenever we enter, there is nearly always a second chance when you look at the lower timeframe.
  • #64,833
  • Jan 20, 2016 10:12am Jan 20, 2016 10:12am
Prepare ur guns TMS, tomorrows plan for shorting EA again, plan ur trade and trade ur plan
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H4_EW.jpg Size: 295 KB
I Have Learned to Take Some Losses to Make Profits
  • #64,834
  • Jan 20, 2016 10:15am Jan 20, 2016 10:15am
Quoting TheScorpS
Prepare ur guns TMS, tomorrows plan for shorting EA again, plan ur trade and trade ur plan {image}
​
Head and Shoulders pattern to.
  • #64,835
  • Jan 20, 2016 10:59am Jan 20, 2016 10:59am
Hi everyone
i have seen a version of mtf TDI that shows multiple windows in bottom of the chart for several Time frames...
can anyone post it here ?

tnx.
  • #64,836
  • Edited 11:35am Jan 20, 2016 11:12am | Edited 11:35am
Quoting golden-way
Hi everyone i have seen a version of mtf TDI that shows multiple windows in bottom of the chart for several Time frames... can anyone post it here ? tnx.
Attached Image (click to enlarge)
Click to Enlarge Name: TMS pipware minicharts.png Size: 59 KB



Multi Time Frame Analysis:
Pipware Multi-charts Post#22,190, Post#58,291, Post#59,663
***Important post to read for correct TDI version to use Post#58,401

Triple Screen Trading System by Dr Alexander Elder Post#23,973, Post#55200, Post#62,175
Checking three different timeframes charts is a way how we reconcile the TIMING of our trade entry on the lower timeframe where we make our market entry.
We look at the price action and the TDI condition of all three timeframes to confirm the setup is high probability in the direction of the Primary (Dominant) Trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,837
  • Jan 20, 2016 11:17am Jan 20, 2016 11:17am
Quoting stefan17
{quote}​ Head and Shoulders pattern to.
maybe and some spikes...

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,838
  • Jan 20, 2016 12:01pm Jan 20, 2016 12:01pm
Quoting emmanuel7788
{quote} maybe and some spikes... {image}
The right shoulder is lower than the left, confirming it's a short trade
  • #64,839
  • Jan 20, 2016 12:07pm Jan 20, 2016 12:07pm
Hi,

With the European and London markets closed, there will be little movement during the NY afternoon.
But sometimes crazy thing do happen, we never know.

Otherwise the H1 setup is good and you may have to hold till tomorrow.

Attached Image (click to enlarge)
Click to Enlarge Name: secondpath EG H1.png Size: 39 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,840
  • Jan 20, 2016 12:08pm Jan 20, 2016 12:08pm
Quoting Bushy
{quote} The right shoulder is lower than the left, confirming it's a short trade

but EUR is holding well against USD and AUD is weaker.

technically, I am still bullish on D1 and W1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
98 traders viewing now