Trading Made Simple | Page 3447 | 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

  • #68,921
  • May 8, 2016 5:05am May 8, 2016 5:05am
Hello everyone, could someone please point me to the post that explains ME/ME trades and also SE/SE trades.
  • #68,922
  • May 8, 2016 5:31am May 8, 2016 5:31am
Quoting plus27
Hello everyone, could someone please point me to the post that explains ME/ME trades and also SE/SE trades.

Read these:

Money Management
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912

Money Management Strategy for TMS: Post#48,008
Using Multiple-Lot Positions to Improve trading TMS: Post#33,507

Entry and Exits: Post#24,918 Post#18,422 Post#19,617
How to Build a Position: Post#19,588
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,923
  • May 8, 2016 5:41am May 8, 2016 5:41am
Quoting bigpips
Another good week with ME/ME trading. My demo expired end of April so started on new one. Working through few issues on EA but all-in-all a good week. {image}

Very good results. High win rate and small DD.
Almost 10% in one week...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,924
  • May 8, 2016 5:47am May 8, 2016 5:47am
TMS ME/ME trades closed May 6. ( 9 weeks from Mar 3 to May 6)

Closed some trades before NFP on Friday.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS MEME Week 18 Trades closed.png Size: 67 KB


Previous week results:
http://www.forexfactory.com/showthre...63#post8899863
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,925
  • May 8, 2016 6:56am May 8, 2016 6:56am
Quoting emmanuel7788
{quote} Thanks Ensale. Good sharing here. I went to English school and as a young boy, my favourite form teacher was from the town of Luton. She was great supporter of her home team Luton FC and told her class a lot about English football. I became fan of Luton too. Luton FC had been up once in the premier league but relegated twice and now playing in the the division league two. I did not give up on the lads in that team. They will one day rise again and they can learn from the Leicester story. Now about the Leicester story,... What has football...

"Do you want to reach PEAK PERFORMANCE in your trading?" - YES ... I am curious to see who'd say NO here

"What do you need to do to ensure trading CONSISTENCY?" - to keep it short I'll throw a non-exhaustive list of keywords: WORK ON YOURSELF, PATIENCE, DISCIPLINE, KNOWLEDGE, EXPERIENCE, REPEAT the GOOD part and SUPPRESS the BAD part

"Do you agree that TEAM means this?
Together
Everyone
Achieves
More" - YES, as long as Everyone pulls/pushes in the same direction

"Do you want to be in the winning TEAM?" -

"Do you know what you need to do to be in this winning TEAM?" - answer the above questions , just kidding ... I guess WORK HARD, WORK SMART, WORK TOGHETHER
  • #68,926
  • May 8, 2016 7:14am May 8, 2016 7:14am
Just wondering if anyone can help me. Been trading this for quite a while now. Have some ups and downs like most people do I guess but last week I got stopped out by the aussie news. I was 30-35 pips up before the news, got up and put the kettle on only to come back and I was 30 pips down. Probably a little more as I have a larger SL because I've been getting whipsawed out recently.
Anyway I decided to add in the forexfactory news indicator and noticed in a recent post that a member had the news in his synergy pro indicator. I've searched here, google and youtube but cant see how you can attach an indicator to another indicator other than the price bar chart.
Would appreciate some help to this frustrating problem...

Thanks
Chuck.
  • #68,927
  • May 8, 2016 10:07am May 8, 2016 10:07am
Quoting emmanuel7788
{quote} ... Do you want to reach PEAK PERFORMANCE in your trading? What do you need to do to ensure trading CONSISTENCY? What are your BELIEFs about TMS 5-Method in the Market place? Do you agree that TEAM means this? Together Everyone Achieves More Do you want to be in the winning TEAM? Do you know what you need to do to be in this winning TEAM? Please think about this over the weekend and when you are ready, please post your answers in this thread. You wont be disappointed when you reply this important post. The Road Map is ready and it can change...

Hi Emm
I too want to be part of a winning team.
The words you highlighted reminded me of a lot of things Van K. Tharp has written about. Simple words, but significant work required to master them.

I’ve attempted to address some of the points you raised by drawing on some materials by Van K. Tharp and Tim Wilcox, elaborating on your highlighted points.

In “Super Trader”, Van K. Tharp writes that there are 5 Steps to Consistent Profits/Peak Performance:

1. Work on Yourself.
- Personal beliefs about yourself (strengths & weaknesses)
- Market beliefs

2. Develop a Business Plan as a working document to guide your trading.
- Work on yourself (see above)
- Understanding the big picture influencing the markets you trade
- Markets, instruments and timeframes you will trade
- What are your daily procedures?
- What is your personal education plan?

3. Develop Several Strategies that fit your view of the big picture and understand how each of them will perform in various market types.
- Develop a trading system that fits each market type you plan to trade that fits you
- Technical vs fundamental?
- Trend following vs scalping?
- Entries
- Exits

4. Thoroughly understand your objectives and develop a position sizing strategy to meet them.
- Position sizing models
- R-multiples

5. Monitor yourself constantly and minimize the number of mistakes you make.
- KISS
- Are you following your rules?


I’ve attached a pdf with short extracts from Van K. Tharp and Tim Wilcox writings which may help to stimulate your thinking about business/trading plans.
Axiom
Attached File(s)
File Type: pdf Peak Performance Trading extracts.pdf   133 KB | 1,435 downloads
  • #68,928
  • May 8, 2016 10:30am May 8, 2016 10:30am
Hi seasoned traders of TMS, could anyone tell me if they trade London open and if son how are the results?
Quoting emmanuel7788
{quote} Read these: Money Management Big E on using multiple entries in the CHS thread Post#2622 , Post#2629 , Post#2771 and Post#2912 Money Management Strategy for TMS:...
  • #68,929
  • May 8, 2016 10:49am May 8, 2016 10:49am
Hi seasoned traders of TMS, could anyone tell me if they trade London open and if son how are the results?
Quoting emmanuel7788
{quote} Read these: Money Management Big E on using multiple entries in the CHS thread Post#2622 , Post#2629 , Post#2771 and Post#2912 Money Management Strategy for TMS:...
  • #68,930
  • May 8, 2016 11:02am May 8, 2016 11:02am
Quoting emmanuel7788
{quote} Thanks Ensale. Good sharing here. I went to English school and as a young boy, my favourite form teacher was from the town of Luton. She was great supporter of her home team Luton FC and told her class a lot about English football. I became fan of Luton too. Luton FC had been up once in the premier league but relegated twice and now playing in the the division league two. I did not give up on the lads in that team. They will one day rise again and they can learn from the Leicester story. Now about the Leicester story,... What has football...
Quite a brilliant post. thank you for this.

I have had time to think this weekend and of course why would I not want the roadmap. I have time to study and depending on what is required I am ready for it.
It's in fear when people show what they truly value.
  • #68,931
  • May 8, 2016 11:10am May 8, 2016 11:10am
Quoting emmanuel7788
{quote} Do you want to reach PEAK PERFORMANCE in your trading?
Yes, of course. Dr Tharp has written a few books on achieving Peak Performance, but currently i am working through his studies on Position Sizing. It's great material, but dense and impossible to rush, at least for me.



Quoting emmanuel7788
{quote} What do you need to do to ensure trading CONSISTENCY?
I believe to ensure trading consistency i need SMART (Simple, Measurable, Achievable, Realistic, Time-based) objectives. These objectives can be found within my trading business plan and subsequent rules are based around them. All aspects of my trading must be recorded in order to review and potentially revise aspect of my trade plan.


Quoting emmanuel7788
{quote} What are your BELIEFs about TMS 5-Method in the Market place?
I believe TMS/5-method offers a "low-risk" entry methodology through the proper use of the TDI/APB/5ema. However, TMS is only a small part of my trading business plan, and to a certain extent the least important. My money management and emotional management are far more important. That said, the tools within TMS can be very powerful once we learn to use them within the greater context.


Quoting emmanuel7788
{quote} Do you agree that TEAM means this? Together Everyone Achieves More Do you want to be in the winning TEAM?
Yes, the more minds working together the greater the exponential potential for all involved. I like the idea of joining a TEAM, i think there is great potential in learning and trading within a group or structure.


Quoting emmanuel7788
{quote} Do you know what you need to do to be in this winning TEAM?
Not entirely sure, but would love to learn more.
  • #68,932
  • May 8, 2016 12:36pm May 8, 2016 12:36pm
Thanks Emmanuel!
Yes, 9.8% for the week but currently with a 3% floating loss.
What I want to do better in coming weeks is to know when to close a winning basket and not to start a new one again. The floating loss is from baskets closing in profit but then opening a new one.
What I will do is to monitor trades better once they reached targets as per BP planning and I am going to look into targets around BN.

Good week to all!!


Quoting emmanuel7788
{quote} Very good results. High win rate and small DD. Almost 10% in one week...
  • #68,933
  • May 8, 2016 1:28pm May 8, 2016 1:28pm
Quoting Chuckles
Just wondering if anyone can help me. Been trading this for quite a while now. Have some ups and downs like most people do I guess but last week I got stopped out by the aussie news. I was 30-35 pips up before the news, got up and put the kettle on only to come back and I was 30 pips down. Probably a little more as I have a larger SL because I've been getting whipsawed out recently. Anyway I decided to add in the forexfactory news indicator and noticed in a recent post that a member had the news in his synergy pro indicator. I've searched here,...
I suppose you were talking about me. It's always a good idea to use the quote function, because I am not always reading everything. By quoting someone, it will appear in his notifications feed.

About the indi, here you go!
Attached File(s)
File Type: ex4 NewsCal-v107.ex4   48 KB | 317 downloads
  • #68,934
  • Edited 6:11pm May 8, 2016 5:36pm | Edited 6:11pm
Hi TMS friends,
My BBP on AU Please correct me if I'm wrong Thanks
Weekly - engulf down but I think it's up trend correction at R/S (demand) with prices are around fib50
Daily - reversal to down trend prices are below 10ema and around monthly R/S
Weighting between weekly & daily. I will go for weekly correction
I didn't look closely - Mater candle at H4 with doji sign.
so prices might be ranging for a while so be CAUTION!!!!
B/O master candle is the real directiom.
Waiting to PA & TDI confirmation on H4
Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: AU_9-5-2016.png Size: 161 KB
  • #68,935
  • Edited 6:57pm May 8, 2016 6:23pm | Edited 6:57pm
BBP on GU

Weekly prices are above 10ema Main direction up
Daily prices are around fib50 & 1.44000
H4 were around dynamic R/S 200ema & 1.44000 (now 1.44220)
My direction go for long target is using BridgeWater indicator
SL 10pips below 200ema on H4
Please correct me if I'm wrong
Thank you BridgeWater for such a great indicator

Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: GU_9-5.png Size: 158 KB
  • #68,936
  • May 8, 2016 6:43pm May 8, 2016 6:43pm
Quoting emmanuel7788
{quote} Thanks Ensale. Good sharing here. I went to English school and as a young boy, my favourite form teacher was from the town of Luton. She was great supporter of her home team Luton FC and told her class a lot about English football. I became fan of Luton too. Luton FC had been up once in the premier league but relegated twice and now playing in the the division league two. I did not give up on the lads in that team. They will one day rise again and they can learn from the Leicester story. Now about the Leicester story,... What has football...
Hi Emmanuel.

I want to be a part of the winning team, but I do not know yet what I need to do, if they are dedication, willingness, efforts, or belief then I do certainly have them. If the road map is ready, I am ready to change my life. Have you finally made the decision to start your own thread or is this important post somehow related to the one post back in late 2015 where you said "TMS will be a lot easier in 2016, trust me"?

okoso
  • #68,937
  • May 8, 2016 8:09pm May 8, 2016 8:09pm
Quoting pete.alfa
Hi TMS friends, My BBP on AU Please correct me if I'm wrong Thanks Weekly - engulf down but I think it's up trend correction at R/S (demand) with prices are around fib50 Daily - reversal to down trend prices are below 10ema and around monthly R/S Weighting between weekly & daily. I will go for weekly correction I didn't look closely - Mater candle at H4 with doji sign. so prices might be ranging for a while so be CAUTION!!!! B/O master candle is the real directiom. Waiting to PA & TDI confirmation on H4 Best regards, {image}
There is a saying " Trade what you see, do not trade what you think "

My view

Short

There is no set ups on daily or weekly to consider any long plan at this point. ALL i see the correction finished on the other side. I will be waiting for price to pull back near the box to look for opportunity for short.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-05-09_9-00-16AUDUSD.png Size: 165 KB
Sad i'm not trying to understand PA
  • #68,938
  • May 8, 2016 9:23pm May 8, 2016 9:23pm
Godd day thread followers
posting trade taken last week. at the moment locked at BE, looking to add more positions
happy trading to everyone
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.png Size: 51 KB
  • #68,939
  • May 8, 2016 10:49pm May 8, 2016 10:49pm
Quoting catalin_eros
{quote} I suppose you were talking about me. It's always a good idea to use the quote function, because I am not always reading everything. By quoting someone, it will appear in his notifications feed. About the indi, here you go! {file}
Hi Cata, thanks for the tip :-)

I actually had the indicator but I noticed on your screen grab that you have yours off the price chart and sitting on your TDI indicator. I tried dragging the indicator onto the tdi but it keeps placing the calendar into the price chart. I also like how you have the ADR in the TDI as well. Its nice and neat

http://www.forexfactory.com/attachme...2&d=1462514908

Wondering if you can recall how you did it?
  • #68,940
  • May 8, 2016 10:54pm May 8, 2016 10:54pm
Quoting jamboole
Godd day thread followers posting trade taken last week. at the moment locked at BE, looking to add more positions happy trading to everyone {image}
Good morning Jamboole and to all here, trying to learn the method, is it ok to go long when price is below the yellow line, appreciate any comments
72 traders viewing now, 1 is registered:
andrjuha0707