Trading Made Simple | Page 3333 | 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

  • #66,641
  • Mar 7, 2016 9:57pm Mar 7, 2016 9:57pm
Quoting Lookleft
{quote} Hi Zake, That looks like the EU chart to me. Your chart says sell @ 1.10042 which looks like it was before the APB even changed color. It is far safer to wait until the APB has closed above/below the 5ema and with TDI confirmation. If that 'sell @' message is from an indicator I'd advise you get rid of it and stick with the basic TMS method (trade with the trend and with momentum)

Thanks for taking the time to reply Lookleft, I am a newbie, been trading TMS for 2 months, very profitable on demo.

The chart is probably EU, my apology. I entered on the second to last APB on that chart, when I saw a reversal two candles before my entry, and a short HA candle before my entry. on the last candle as you can see, the HA candle shot up and past the high for that day

Not sure where I went wrong.
  • #66,642
  • Mar 7, 2016 11:04pm Mar 7, 2016 11:04pm
Dear TMS friends,

First of all I would like to thank Big E ,SJ Emmanuel for there wonderful contribution . I have gone through many threads but this is the best thread where i could see complete contribution and help to fellow traders. I Have just created an account in FF today to join you people and continue my trading. Have been in trading since 1.5 years but never been profitable. But Still sicking my guns here .
I wish we post our calls here so that we can understand where we are doing wrong and also it will help junior and newbies to learn more. This is one way to keep this thread active. Also as Emmanuel said why not we create a skype group or wassup group ? Emmanuel Sir , Thank you for your valuable contribution and I Request you if we can have a seminar or a skype class on sunday according to your comfort level . This will help us clear our understanding and pass the knowledge to our next generations ( as legacy of continuing this thread was transformed from Big E , SJ and then to Emmanuel ) .

I apologies for anything wrong if I have typed in above.

Thanks to all ...
  • #66,643
  • Mar 8, 2016 12:57am Mar 8, 2016 12:57am
Quoting dra.forex
Dear TMS friends, First of all I would like to thank Big E ,SJ Emmanuel for there wonderful contribution . I have gone through many threads but this is the best thread where i could see complete contribution and help to fellow traders. I Have just created an account in FF today to join you people and continue my trading. Have been in trading since 1.5 years but never been profitable. But Still sicking my guns here . I wish we post our calls here so that we can understand where we are doing wrong and also it will help junior and newbies to learn...
Great idea,I would highly appreciate a skype group. I'm also not profitable yet since I've started this journey a few months ago.I still have some trades, where I dont know what I did wrong.
  • #66,644
  • Mar 8, 2016 1:19am Mar 8, 2016 1:19am
Dear Emmanuel,SJ and other seniors ,

pls guide us further. Your experience and seniority can shape our lives and families .Thanks
  • #66,645
  • Mar 8, 2016 1:57am Mar 8, 2016 1:57am
Quoting emmanuel7788
{quote} of course with me many things are possible. I have no secrets. but posting lower TF chart of trade entries can cause more confusion when many here do not understand the basic concept of ME/ME. what shall I do now? here the trades shown in M15 chart but it will not make any sense... {image} and here below is my GBPAUD trades done today and with open trades too. I am sure you have more questions coming... {image}
Hi Emmanuel

How you have managed this 6th open trade ? please can you show on chart.

I my opinion that is very important part of ME/ME system.

Thanks
  • #66,646
  • Mar 8, 2016 2:38am Mar 8, 2016 2:38am
Quoting mkfx
{quote} Hi Emmanuel How you have managed this 6th open trade ? please can you show on chart. I my opinion that is very important part of ME/ME system. Thanks
that's the easiest part.
do the same as what I did for no.1 trade...
then ...
look at the average entry price,
move the trailing stop loss from the average entry price,
check the potential of the trades from the average entry price to the next take profit level.



the very important part of ME/ME is how you manage you account balance, equity and margin used and allocation.

did you read that Money Management Report by Dr Van Tharp? what are the take away lessons from that report/

http://www.forexfactory.com/showthre...40#post8794840
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,647
  • Edited 3:09am Mar 8, 2016 2:50am | Edited 3:09am
[quote=emmanuel7788;8797549]{quote} of course with me many things are possible. I have no secrets. but posting lower TF chart of trade entries can cause more confusion when many here do not understand the basic concept of ME/ME. what shall I do now? here the trades shown in M15 chart but it will not make any sense... {image} and here below is my GBPAUD trades done today and with open trades too. I am sure you have more questions coming...



Hello Emmanuel.Can you tell me if this setup on Usd/CAD is correct? I will wait for a good Tdi cross on h1 before entering.The Pa follows the trendline and on daily and weekly charts we are in a downtrend as well.I just want to know the opinion of an experienced trader like you before entering. Can you tell me What pairs you are trading this week?

Thank you.Btw sorry for my english.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-03-08-09-41-31.png Size: 108 KB
  • #66,648
  • Mar 8, 2016 4:12am Mar 8, 2016 4:12am
Quoting Mbt
Quoting emmanuel7788
{quote} of course with me many things are possible. I have no secrets. but posting lower TF chart of trade entries can cause more confusion when many here do not understand the basic concept of ME/ME. what shall I do now? here the trades shown in M15 chart but it will not make any sense... {image} and here below is my GBPAUD trades done today and with open trades too. I am sure you have more questions coming... Hello Emmanuel.Can you tell me if this setup on Usd/CAD is correct? I will wait for a good Tdi cross on h1 before
...

Hi Mbt,

No problem with your written English, don't need to be sorry. It is far better than my German.

USDCAD is reacting at the BRN1.3300 which is also the 10EMA on the MN chart.
Both the Mn and W1 chart price action look good to support a sell today.
But when we sell at today's open our initial is above last Friday' high ( 2 days look back).

at this moment H4 is not looking nice with a WRB also Master Candle[4]. I suspect we may see short term buying up to 1.3400~1.3450 region. This is very threatening to the 2 days look back high.

Sell high!

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,649
  • Mar 8, 2016 4:32am Mar 8, 2016 4:32am
Trading the Day chart:

For those of your who have day jobs and cannot trade the H1 and H4, Big E suggested that you do not be afraid to trade the Day chart. Post#4752.

But he himself did not like to trade the Day chart because of the big pull backs Post#302.

I am not afraid to trade the day chart because I used the pull back or retracement to build my position.

It's not difficult neither complicated which some may say. You need to understand the concept about position building and how you make your money work for you in the market.


Entry and Exits: Post#24,918 Post#18,422 Post#19,617
How to Build a Position: Post#19,588 Post#20,342
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,650
  • Mar 8, 2016 4:37am Mar 8, 2016 4:37am
Hi TMS friends,

Ucad daily chart at 200ema
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 459 KB
  • #66,651
  • Mar 8, 2016 4:38am Mar 8, 2016 4:38am
Quoting emmanuel7788
{quote}{quote} Hi Mbt, No problem with your written English, don't need to be sorry. It is far better than my German. USDCAD is reacting at the BRN1.3300 which is also the 10EMA on the MN chart. Both the Mn and W1 chart price action look good to support a sell today. But when we sell at today's open our initial is above last Friday' high ( 2 days look back). at this moment H4 is not looking nice with a WRB also Master Candle[4]. I suspect we may see short term buying up to 1.3400~1.3450 region. This is very threatening to the 2 days look back high....
​
hey, I did not understand when you said "our initial is above last Friday' high"?

what is our initial referring to?
  • #66,652
  • Mar 8, 2016 4:55am Mar 8, 2016 4:55am
AUDUSD on H1 good long setup?

because of the W1 D1 uptrend.


who can give me the should or shouldn't to enter or not enter the trade?

thanks!
  • #66,653
  • Mar 8, 2016 4:59am Mar 8, 2016 4:59am
Quoting farhad10
{quote} Arash; When you are trading H4, look at D chart and see how it acts! D1 is in consolidation and is going nowhere. so avoid this kind of trades. takes those that are trending in D1. Look at pic and circles. regards {image}

Based on your image, we are still in a down trend. Base below 50, and TDI below base. Shorts only.

In the forex market, When you see a big trend, it would be a good idea to only take trades in that direction. It takes billions of dollars and beyond to get price to move that much over that period of time. So in a sense, we would be trading against the big boys with our small accts(or demo in some cases). Since we can't force the price with billions of dollars, i suggest we go the way the banks and hedge funds are going.
  • #66,654
  • Mar 8, 2016 5:07am Mar 8, 2016 5:07am
Quoting arash1349
it is correct or no? {image}



You should think about adding the baseline to your TDI oscillator as a direction of overall trend strength

Great Trade
  • #66,655
  • Mar 8, 2016 5:07am Mar 8, 2016 5:07am
Quoting satjhangra
{quote} ​ hey, I did not understand when you said "our initial is above last Friday' high"? what is our initial referring to?

sorry typo error.

I mean initial Stop Loss to be above last Friday's high.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,656
  • Mar 8, 2016 5:14am Mar 8, 2016 5:14am
Quoting emmanuel7788
{quote} sorry typo error. I mean initial Stop Loss to be above last Friday's high.
Lol my bad, I thought it might have been some advanced forex terminology
  • #66,657
  • Mar 8, 2016 5:27am Mar 8, 2016 5:27am
Quoting ruben7222
AUDUSD on H1 good long setup? because of the W1 D1 uptrend. who can give me the should or shouldn't to enter or not enter the trade? thanks!
I wouldn't enter the trade because if you looking on h4 we had a wide range candle and I think we should wait until it breaks out of the range.
  • #66,658
  • Mar 8, 2016 5:33am Mar 8, 2016 5:33am
Quoting emmanuel7788
{quote}{quote} Hi Mbt, No problem with your written English, don't need to be sorry. It is far better than my German. USDCAD is reacting at the BRN1.3300 which is also the 10EMA on the MN chart. Both the Mn and W1 chart price action look good to support a sell today. But when we sell at today's open our initial is above last Friday' high ( 2 days look back). at this moment H4 is not looking nice with a WRB also Master Candle[4]. I suspect we may see short term buying up to 1.3400~1.3450 region. This is very threatening to the 2 days look back high....
Thank you for the fast response and for the nice words on my english skills.
Can we continuing selling if it breaks the range of the Wide range candle and the big round number? Or should we change to h1 Chart and trade within the range?

Also, could you tell me which pairs you are trading this week?
  • #66,659
  • Mar 8, 2016 5:40am Mar 8, 2016 5:40am
Dear emmanuel 7788,
I joined the forum few days and found this thread very interesting and full of knowledge.

As the started of the thread eelfranz (Big E) was last online on Nov 30, 2011 and after that he no reply on the thred form him (Hopefully all is well with himand he is in good health)

This thread is one of the most popular and gets so many replies, I started reading first few pages , i was so interested that I am on page number 30. Big E was active till pages apprx 600 and after that other senior members were active.

This thread at the time of writing my first post has 3333 pages and page numbers are growing steadily.

From now onwards I will try to read first 1480 thread replies by Big E as other wise I will not be able to read the complete whole thread in a year.

I just jumbled on the end of the thread and have noticed that this thread lead to the creation of some similar systems with some modificatiosn in the TF and some additions etc

I am a beginner (know the basics of RSI, BB, Stochastic , MA ) and want to learn and trade profiatbaly on demo and them shift to real and need your and the advise of the senior members regarding where to start form slow and stready and move forward.

Also most importanatly which thread and the system to follow.

Best reagrds
  • #66,660
  • Mar 8, 2016 5:42am Mar 8, 2016 5:42am
Quoting Mbt
{quote} Thank you for the fast response and for the nice words on my english skills. Can we continuing selling if it breaks the range of the Wide range candle and the big round number? Or should we change to h1 Chart and trade within the range? Also, could you tell me which pairs you are trading this week?

USDCAD if you must trade today, do it on H1 for sell setup later. No H4 setups since it is ranging within the WRB high-low.
Sell H1 when you see PA at the high of the H4WRB.

Another option is look for another pair.

This week I have trade running EJ GU, EA, GA and GN.
see this post:http://www.forexfactory.com/showthre...91#post8796191
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
39 traders viewing now