Trading Made Simple | Page 3465 | 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

  • #69,281
  • May 30, 2016 4:26am May 30, 2016 4:26am
Quoting 95bcwh
Hi Emmanuel, thanks so much for the explanation. It's all clear to me now. So you are what according to my understanding a discretionary position trader. It's Asian session now, I think the market consensus is USD is heading up. It's already up 60 pips vs CAD. On the daily chart of EUR.USD. USDJPY and NZDUSD, I see Green TDI bounce off the red heading south (USDJPY TDI heading north), seems to suggest a strong trend continuation. On smaller timeframe though it is moving in a small zone, perhaps that's typical of Asian session? In terms of S/R, for...
Hi,

TMS 5-Method is a rule-based discretionary trading method which requires a lot of experience and skills on the part of the trader. Knowledge, experience and skills of the trader and how he/she consistently interprets and apply Post#647 in his/her trading is one of the key to success.

Regarding your 3 pairs, we are in the month end closing therefore if you are trading the Day chart and looking for new trades, it will be better to wait till Wednesday when a new month starts. Moreover, we have bank holidays in the UK and in the US today, most markets are closed not just the forex market. The forex market liquidity depends on the other markets - stock, futures, etc. for liquidity flow.
Trading the Day charts does no require us to look for setups and open trades during the London session. We can open new positions during the Asian session if those hours are in our business trading plan.
However, for intraday traders, the London session is the most liquid session and most traders prefers to trade the London session.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,282
  • May 30, 2016 4:36am May 30, 2016 4:36am
Quoting heispark
{quote} Yes, I also think Nial Fuller used his custom game plan only for the competition. He's a swing trader and making 369% gain in 3 months is not normal trading strategy.... Actually he hates day trading: Why I Seriously Hate Day Trading
I know he does not like to trade intraday. Anyway, the 3 months February, March and April were good months for Day chart trading with several volatility trending pairs.
That account for his high win rate when he scale-in with aggressive position sizing.
Both the AUDUSD and AUDJPY pairs alone would have given him lots of pyramid positions on Day charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,283
  • May 30, 2016 4:47am May 30, 2016 4:47am
Hey there
I was looking for ADR indicator. I tried the search option in both this thread and the old one but it keep saying no results for some reason.
If anyone got it and won't mind to share it. Please do so I'll really appreciate it.
Thank you guys
  • #69,284
  • May 30, 2016 4:57am May 30, 2016 4:57am
Hey emm,
I have a question is your ME/ME similar to pyramiding?
I knew about pyramiding for some time now and how powerful it can be to build up accounts.
  • #69,285
  • May 30, 2016 5:15am May 30, 2016 5:15am
Quoting BridgeWater
{quote} You must know about indicator on post #68,646 that i create base on Emm Post #68,585 and #68,609. So, its nothing wrong with that indicator. But, if you want it calculated base on High/Low of current week, try this one. I made custom indicator for anyone who need ATR(52) week representated on chart by horisontal line, divided to 40%, 60%, and full 100% for each direction. hope its usefull, enjoy! {image} {file}

Mabooz: I think this is the indicator you are looking for.... Good luck!

regards

LL
"IN CASH WE TRUST"
  • #69,286
  • Edited 6:36am May 30, 2016 6:12am | Edited 6:36am
Stopped out bounce trade

Can someone point out why this bounce trade failed ?
Maybe lack of momentum ? Anything I have to improve ?

Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
  • #69,287
  • May 30, 2016 7:51am May 30, 2016 7:51am
Quoting mabooz
Hey there I was looking for ADR indicator. I tried the search option in both this thread and the old one but it keep saying no results for some reason. If anyone got it and won't mind to share it. Please do so I'll really appreciate it. Thank you guys
Regards, dan
Attached File(s)
File Type: ex4 ADR_Daily Range PeterE.ex4   3 KB | 331 downloads
File Type: mq4 ADR_Daily Range PeterE.mq4   2 KB | 404 downloads
File Type: ex4 ADR_no_sunday_bar.v1.ex4   6 KB | 316 downloads
File Type: mq4 ADR_no_sunday_bar.v1.mq4   6 KB | 378 downloads
  • #69,288
  • May 30, 2016 9:22am May 30, 2016 9:22am
Quoting inforserve
Stopped out bounce trade Can someone point out why this bounce trade failed ? Maybe lack of momentum ? Anything I have to improve ? Thanks in advance. {image}
Hi inforserve
Im not a pro in tms my self, but this bounce hasnt failed yet your sl was too close if you had set your sl below last swing or candle it wouldnt be hit, and one more thing today is holiday in uk and usa so the market has no big movment and is very slow. its better to take the day off.
  • #69,289
  • May 30, 2016 2:16pm May 30, 2016 2:16pm
Quoting TheRock
Has anyone ever used loss recovery hedged money management system with TMS and had any success? {image}
Somepeople swear by it especially this fella:-

Inserted Video
We're all just one trade away from humility.
  • #69,290
  • May 30, 2016 4:23pm May 30, 2016 4:23pm
Quoting Vain
{quote} Hi inforserve Im not a pro in tms my self, but this bounce hasnt failed yet your sl was too close if you had set your sl below last swing or candle it wouldnt be hit, and one more thing today is holiday in uk and usa so the market has no big movment and is very slow. its better to take the day off.
Hi Vain

Many thanks for your advice. It's has been challenge to me where I have to put my stop loss to have good R:R.
  • #69,291
  • May 30, 2016 8:11pm May 30, 2016 8:11pm
Given today is last day of trading month did anyone catch GU during Asian session? Nice H4 move out of channel.
TP- i am closely monitoring BN Levels
Attached Image (click to enlarge)
Click to Enlarge Name: GU 31-5-16.JPG Size: 312 KB
  • #69,292
  • Edited 9:27pm May 30, 2016 9:02pm | Edited 9:27pm
Quoting caah
Given today is last day of trading month did anyone catch GU during Asian session? Nice H4 move out of channel. TP- i am closely monitoring BN Levels {image}

Yes, I got 40pips and exit at BRN.

Both Price & Signal line point upward around 50 line and it's above 60 & 200 moving average and it's looks like widening gap.
This risk is testing 1st resistance on Daily chart but I entered it's had been tested three times.
I exited trade since it's Asian session and my trading plan is aiming 20 pips during this session.
Any comment on my trading is more than welcome. I like to learn from other members.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
  • #69,293
  • May 31, 2016 4:43am May 31, 2016 4:43am
LL:
Thank you so much for your time.
Good luck to you too
Mabooz
  • #69,294
  • May 31, 2016 9:04am May 31, 2016 9:04am
Hi all, another quick question if I may....

What is the relevance of the H1/H4 periods - i.e. why are we observing the indicators in line with the formation of a NEW candle?

My assumptions is that it is purely superstition as those points in time appear to have no special qualities. Surely if I configured my charts to print a new candle at 16 minutes and 45 seconds past the hour it would make no difference to the system?

Apologies if I am missing something?

Regards
Richard
  • #69,295
  • May 31, 2016 9:31am May 31, 2016 9:31am
Also, why are we using the Synergy APB, and why is it preferred to a simple Heikin-Ashi? (Does anyone have the formula used to calculate the APB)

Apologies for bombing the thread with lots of random questions but I'm thinking about adding this method to my portfolio and want to get an idea of the basic thinking as this isn't described anywhere across the 3500 pages so far....

Regards
Richard
  • #69,296
  • May 31, 2016 9:44am May 31, 2016 9:44am
Quoting rjcarey99
Hi all, another quick question if I may.... What is the relevance of the H1/H4 periods - i.e. why are we observing the indicators in line with the formation of a NEW candle? My assumptions is that it is purely superstition as those points in time appear to have no special qualities. Surely if I configured my charts to print a new candle at 16 minutes and 45 seconds past the hour it would make no difference to the system? Apologies if I am missing something? Regards Richard
Hi,
I guess that most traders go in the same direction and with the same timing that you choose, the easier it is that the market will give you profits; if you use an unusual time frame, it is likely that other operators enter and exit from the market in other times and other points than your.
But it is also true that most of of traders lose money ...
(I apologize for my very bad English)
  • #69,297
  • May 31, 2016 10:06am May 31, 2016 10:06am
Quoting rjcarey99
Also, why are we using the Synergy APB, and why is it preferred to a simple Heikin-Ashi? (Does anyone have the formula used to calculate the APB) Apologies for bombing the thread with lots of random questions but I'm thinking about adding this method to my portfolio and want to get an idea of the basic thinking as this isn't described anywhere across the 3500 pages so far.... Regards Richard
Richard,
The attached pdf should answer your questions regarding APB & HA. Specific formulas can be found in the thread.

Asking questions is perfectly fine, and i think you will find this thread is particularly friendly towards newbies. That said, nothing can replace the search function in terms of efficiency and scope. Good luck.

Nik
Attached File(s)
File Type: pdf SynergyPro_APB Indicator.pdf   472 KB | 1,212 downloads
  • #69,298
  • May 31, 2016 10:33am May 31, 2016 10:33am
Quoting rjcarey99
Hi all, another quick question if I may.... What is the relevance of the H1/H4 periods - i.e. why are we observing the indicators in line with the formation of a NEW candle? My assumptions is that it is purely superstition as those points in time appear to have no special qualities. Surely if I configured my charts to print a new candle at 16 minutes and 45 seconds past the hour it would make no difference to the system? Apologies if I am missing something? Regards Richard
Hi Rjcarey,

Some good questions. I made a post about Timeframes a while ago. It is perhaps not entirely an answer to your question but it highlights how I view timeframes. You can find the post here.

My main points are the following:

- Any indicator that is a derivation of price and that uses some smoothing in its calculation is a lagging indicator. Price LEADS
- A candlestick is nothing more than an aggregation of ticks (=price without aggregation) in an effort to comprehensively display ticks over some time-interval. A candlestick is de-facto an indicator. We can debate this (it is how I see it) but in any case it is a heuristic (= shortcut not to overload the brain with too much information, in this case)

So, if you are going to use the TDI as a signal (given that you find an edge here) it does not really matter wether you are using 23-second 7-minute or 9-hour charts (and neither does it matter when they close). The relevant question is what information content your timeframe provides and what edge you have in your trading-plan.

With regards to HA and APB: This is purely marketing. Don't believe those fancy calculations will provide you with a holy grail.

HA close = (o + c + h + l ) / 4
APB close = (((o + c + h + l) / 4) + c) / 2

Best of luck,
  • #69,299
  • May 31, 2016 11:33am May 31, 2016 11:33am
Hi guys,
I just popped in to wish you all the best of luck in the great trading month that is to follow. Hope the Brexit polls didn't screw you over and you had already closed most of your positions (if not all considering it's the end of the month). Best of wishes.
Attached Image (click to enlarge)
Click to Enlarge Name: gBp.PNG Size: 81 KB
  • #69,300
  • May 31, 2016 11:49am May 31, 2016 11:49am
Good afternoon everyone. I'm having good results with Mehdi strategy. But today I had a great loss -175 pips. I find it hard to leave when the market comes against me, always I think it will come back.

I would like to Emmanuel and other opinions.

1) Tdi was a rebound, or was not a valid configuration?
2) When the price comes against what time I leave, I look for a smaller TF like H1 to know?
Thank you very much.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4-310516.1.png Size: 61 KB


I could have left at this point in H1?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4-310516.3.png Size: 55 KB
165 traders viewing now, 1 is registered:
NikiPink