Trading Made Simple | Page 3421 | 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

  • #68,401
  • Apr 17, 2016 7:27am Apr 17, 2016 7:27am
Quoting Saripefx
[Quote = emmanuel7788; 8875328] {quote} Ol, voc comrcio usando o preo de Aco Canal APA e sua entrada foi quando a vela fechou acima do PAC. Alm disso, o TDI Verde PL atravessar a TSL vermelho e acima da MBL amarelo. Essa uma condio steup comrcio vlido. Mas h riscos quando o mercado est sideway em um intervalo. Visto na carta Day. veja grfico Dia anexado - WRB alta + 10EMA "resistncia" {image} [/ quote] Good evening, thank you for the answer. WRB would be the same as master candle? How can I learn about WRB? Its 10 EMA and applied to closing? Thank...

here these old posts to read:

Master Candle : Post#28,556 pdf in Post#25,594
Master Candle (3): Post#54,546
WRB introduction in the pdf TMS 5-Method Basic Rules: Post#53,842
Wide Range Bar study: Post#54,551
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,402
  • Apr 17, 2016 9:54am Apr 17, 2016 9:54am
Quoting emmanuel7788
{quote} Hi, You are not a Newbie and since you have been trading live since 2011, you are not a Rookie trader either. I can see that in your posts and that you know how to trade and when you already know how to use of the COT is an obvious sign that you know more than some Rookie traders trading TMS. using your GBPCAD D1 chart example, we know the potential for short selling. TMs traders trading with the TDI for 4 to 5 years must already know the characteristics of the TDI when the market is strong trending. In strong trend, when the...
Hi Emm, thanks for sharing this with us. I using COT for fundamental analysis, and also tool for telling out or stay in trend, but combine with what happen on price action. Thanks for every post you make, you are very good person
  • #68,403
  • Apr 17, 2016 10:10am Apr 17, 2016 10:10am
Hi,Emm,Can you share the Indi show H4 High-low in H1，previous one is not working anymore.Thx!
Attached Image
  • #68,404
  • Apr 17, 2016 10:24am Apr 17, 2016 10:24am
Quoting leescofield
Hi,Emm,Can you share the Indi show H4 High-low in H1，previous one is not working anymore.Thx! {image}
http://www.goforexstrategies.com/coin-flip/
The Trend Is Your Friend
  • #68,405
  • Apr 17, 2016 10:48am Apr 17, 2016 10:48am
Quoting Soyo24
{quote} http://www.goforexstrategies.com/coin-flip/
??
  • #68,406
  • Apr 17, 2016 11:47am Apr 17, 2016 11:47am
AUDUSD analysis below:

Monthly bias: BULLISH - Last month (March 2016) saw a strong bullish candle which closed outside of WRB from September 2015
Weekly bias: BULLISH - Last week saw a bullish breakout of weekly WRB candle from a few weeks previous
Daily bias: BULLISH - Daily trend continues to make higher highs

We currently have a Master candle on H4 chart which has engulfed the last 8 candles as seen on the chart below. We have also seen a reaction between the monthly fibo pivot R38 and BRN(0.77000)

I will be looking for continuation of the bullish trend once we have a close outside of the MC with momentum which will also mean a close above the R38 pivot.

All advice would be greatly appreciated.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 50 KB
  • #68,407
  • Apr 17, 2016 12:35pm Apr 17, 2016 12:35pm
Quoting TheRock
AUDUSD analysis below: Monthly bias: BULLISH - Last month (March 2016) saw a strong bullish candle which closed outside of WRB from September 2015 Weekly bias: BULLISH - Last week saw a bullish breakout of weekly WRB candle from a few weeks previous Daily bias: BULLISH - Daily trend continues to make higher highs We currently have a Master candle on H4 chart which has engulfed the last 8 candles as seen on the chart below. We have also seen a reaction between the monthly fibo pivot R38 and BRN(0.77000) I will be looking for continuation of the bullish...
Hi,

the bullish rally has not ended since it started in Jan.

overall market still bullish with more nett long positions as of last week. See COT pic below.

but technically you are correct to spot that H4 Master Candle. That is significant because that H4 MC high is also the high of the Day WRB (Thu 14 Apr) candle. As PA is around the BRN 0.7700, it is normal to see a paus here and also the previous month high is 'resistance'.
in the lower TF, we may see possible pull back to 0.7650.

I remain on the buyer side with ME/ME trading. Just watch the depth of any retracement next week.

Attached Image (click to enlarge)
Click to Enlarge Name: COT AUDUSD Jan to Apr 12.png Size: 125 KB


Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,408
  • Apr 17, 2016 12:40pm Apr 17, 2016 12:40pm
Quoting leescofield
Hi,Emm,Can you share the Indi show H4 High-low in H1，previous one is not working anymore.Thx! {image}

I have a different one .
see this post
http://www.forexfactory.com/showthre...76#post8506476
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,409
  • Apr 17, 2016 12:47pm Apr 17, 2016 12:47pm
Quoting emmanuel7788
{quote} Hi, the bullish rally has not ended since it started in Jan. overall market still bullish with more nett long positions as of last week. See COT pic below. but technically you are correct to spot that H4 Master Candle. That is significant because that H4 MC high is also the high of the Day WRB (Thu 14 Apr) candle. As PA is around the BRN 0.7700, it is normal to see a paus here and also the previous month high is 'resistance'. in the lower TF, we may see possible pull back to 0.7650. I remain on the buyer side with ME/ME trading. Just watch...
Cheers Emm, ​

I'm trying to improve my analysis and make sure I'm seeing charts correctly and your advice is always a great help.

So glad I found this website and thread, has helped ALOT. I didn't even know what forex was in January this year and feel like this website and members like yourself have accelerated my learning, just wanted to say thank you.

One day, I hope I can use ME/ME, but I think it's important at the moment as a newbie to get my analysis and setup correct and enter with SE/SE until I'm a lot more experienced.
  • #68,410
  • Apr 17, 2016 1:00pm Apr 17, 2016 1:00pm
One of the most important thing for Newbies is to know and decide their own trading style. That will take a lot of time to learn many things about this spot forex market and also to learn about ourselves as the trader. For many the time needed is 3 to 5 years. What I read here in forums like FF is newbies talk like experts and teaching other newbies, newbies quoting other newbies as though they are professional traders. I said this many times, you won't learn to become a trader here in FF. newbies teaching newbies will lead to disaster. You need proper education.

Attached Image (click to enlarge)
Click to Enlarge Name: what is your tradig style.png Size: 830 KB


If you still have not read this short article, go to this link and read that. Read the whole issue - its quarterly Oct-Dec 2010 issue.

http://www.fxtradermagazine.com/archive.php?p=oct10
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,411
  • Apr 17, 2016 1:16pm Apr 17, 2016 1:16pm
Quoting TheRock
{quote} Cheers Emm, ​ I'm trying to improve my analysis and make sure I'm seeing charts correctly and your advice is always a great help. So glad I found this website and thread, has helped ALOT. I didn't even know what forex was in January this year and feel like this website and members like yourself have accelerated my learning, just wanted to say thank you. One day, I hope I can use ME/ME, but I think it's important at the moment as a newbie to get my analysis and setup correct and enter with SE/SE until I'm a lot more experienced.

Hi Rock,

Trading Made Simple 5-Method is one of the most successful trend following trading methodology. There are few trend trading methods here in FF. We just need to pick one that is time tested and proven. To succeed, you need to do a lot more work on your own and you need to follow a structured education program to become a trader. It will be like going to university for another 3 to 4 years. The knowledge you gain will always be in you. You can share your knowledge with others and it is up to them to take it or leave it. But no one will ever take that away from you.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,412
  • Apr 17, 2016 1:25pm Apr 17, 2016 1:25pm
Quoting emmanuel7788
{quote} Hi Rock, Trading Made Simple 5-Method is one of the most successful trend following trading methodology. There are few trend trading methods here in FF. We just need to pick one that is time tested and proven. To succeed, you need to do a lot more work on your own and you need to follow a structured education program to become a trader. It will be like going to university for another 3 to 4 years. The knowledge you gain will always be in you. You can share your knowledge with others and it is up to them to take it or leave it. But no one...
Yeah, I'm a long way away from success and I know there's a long bumpy road ahead.

Where could I find a structured education program? There's a lot on the internet and I've purchased a few and to be honest, I've been bitterly disappointed. I'm willing to put in the time and effort. I work 9 till 5.30, 5 days a week and on my days off and evenings I just read about forex and look at charts, constantly trying to learn but sometimes I feel I get lost in the information, something structured would make it a lot easier so I'm not constantly going over the same things.​
  • #68,413
  • Apr 17, 2016 2:03pm Apr 17, 2016 2:03pm
Quoting tibovwh
{quote} If we start selling GBPCAD on 27/01/16 with 0.01 lotsize: Trailing SL was 2.5x ADR 5.7% return apologize for non english in the picture Best, {image}
Hi tibovwh,

I did the same backtest for Feb till April 15.
use the same 0.01lot, 0.5ADR(100)days.
TP set to 50pips, +re-entry.

Attached Image (click to enlarge)
Click to Enlarge Name: GBCAD Feb till Apr 15.png Size: 20 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBCAD Feb till Apr 15 graph.png Size: 15 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,414
  • Apr 17, 2016 2:08pm Apr 17, 2016 2:08pm
Quoting TheRock
AUDUSD analysis below: Monthly bias: BULLISH - Last month (March 2016) saw a strong bullish candle which closed outside of WRB from September 2015 Weekly bias: BULLISH - Last week saw a bullish breakout of weekly WRB candle from a few weeks previous Daily bias: BULLISH - Daily trend continues to make higher highs We currently have a Master candle on H4 chart which has engulfed the last 8 candles as seen on the chart below. We have also seen a reaction between the monthly fibo pivot R38 and BRN(0.77000) I will be looking for continuation of the bullish...
my fundamental thought about AUDUSD, market is getting stronger, because according last report release, Open Interest is rising, and price is rising too, this two things indicate market getting stronger to move UP.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 73 KB

Attached Image
  • #68,415
  • Apr 17, 2016 2:09pm Apr 17, 2016 2:09pm
Quoting TheRock
{quote} Yeah, I'm a long way away from success and I know there's a long bumpy road ahead. Where could I find a structured education program? There's a lot on the internet and I've purchased a few and to be honest, I've been bitterly disappointed. I'm willing to put in the time and effort. I work 9 till 5.30, 5 days a week and on my days off and evenings I just read about forex and look at charts, constantly trying to learn but sometimes I feel I get lost in the information, something structured would make it a lot easier so I'm not constantly going...

Just for discussion,

do you want to read 50 books or take a 2 years education program costing $50k?

I am not trying to sell you anything here, it is about investing your time and money in education.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,416
  • Apr 17, 2016 2:22pm Apr 17, 2016 2:22pm
Quoting emmanuel7788
{quote} Hi tibovwh, I did the same backtest for Feb till April 15. use the same 0.01lot, 0.5ADR(100)days. TP set to 50pips, +re-entry. {image} {image}
There is some differences but here are some tests I ran using a couple of settings.

fixed 0.01 lots with re-entry every 0.5xADR:
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2016-04-17 21.16.07.png Size: 49 KB


fixed 0.01 lots with re-entry every 1xADR:
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2016-04-17 21.17.50.png Size: 49 KB


and one just for fun = scale in feature using market money up to a maximum of 0.1 lot and re-entry 1xADR
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2016-04-17 21.19.37.png Size: 50 KB
  • #68,417
  • Apr 17, 2016 2:26pm Apr 17, 2016 2:26pm
Quoting emmanuel7788
{quote} Just for discussion, do you want to read 50 books or take a 2 years education program costing $50k? I am not trying to sell you anything here, it is about investing your time and money in education.
If I had that sort of money spare, It would be the course, but since I don't lol. It has to be the books.
  • #68,418
  • Apr 17, 2016 2:29pm Apr 17, 2016 2:29pm
Quoting BridgeWater
{quote} my fundamental thought about AUDUSD, market is getting stronger, because according last report release, Open Interest is rising, and price is rising too, this two things indicate market getting stronger to move UP. {image} {image}
COT report looks very interesting, I would definitely like to learn more about it on top of the information Emm has given in his earlier posts. Any website you recommend that can help me learn more about it?​
  • #68,419
  • Apr 17, 2016 2:36pm Apr 17, 2016 2:36pm
Quoting TheRock
{quote} COT report looks very interesting, I would definitely like to learn more about it on top of the information Emm has given in his earlier posts. Any website you recommend that can help me learn more about it?​
read this first
http://www.babypips.com/school/under...rs-report.html

also by gooling about Commitment of Traders Report, you get alot of good information about it.
  • #68,420
  • Apr 17, 2016 3:01pm Apr 17, 2016 3:01pm
Quoting leescofield
Hi,Emm,Can you share the Indi show H4 High-low in H1，previous one is not working anymore.Thx! {image}
Hi

Try this Found somewhere on internet.

Cheers
Attached File(s)
File Type: ex4 HL_Objects.ex4   11 KB | 427 downloads
File Type: mq4 HL_Objects.mq4   10 KB | 521 downloads
Don't limit yourself!!
36 traders viewing now