Trading Made Simple | Page 3505 | 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

  • #70,081
  • Jul 11, 2016 4:19am Jul 11, 2016 4:19am
Quoting emmanuel7788
{quote} France did not win.... If you are looking for an auto-trading robot EA, there is none. you can look for any trade manager expert advisor which can manage basket of trades in same pair and uses Magic Number aka EAN in its trade management.
I do really look for a Trade Management EA to help me controlling the basket when I am busy. However, I dont find any appropriate EA with TMS strategy .
Therefore, this morning, I missed EJ ( because of watching the game last night
  • #70,082
  • Jul 11, 2016 4:36am Jul 11, 2016 4:36am
Quoting emmanuel7788
{quote} 1)Im using HA chart, are we able to see the price action? Yes. You should be able to see and trade the price action using the APB/HA candles. If you are trading price action with Price Bar Patterns, you can look at the Bar Chart over the APB/HA candles in the background. 2) if im trading 4H, once tdi crosses, what else do i look for to confirm the trade?do we enter straight in the next candle?? Here below is Big E's post #647: Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor....

Hi Emm and all traders,

Thanks for your reply. What are the different versions? What difference they have?

I brieftly discribe how I trade using tdi, please throw ur comments on my trading.
When I trade H4,
1) I look at D1 for similar trend direction or (12-2, 4-6).
2) If possible follow the market sentiment line.
3) I enter on the 2nd candle or sometimes third candle. But sometimes when i enter on the third candle, it starts to reverse (Which is always the issue i am facing now)
4) i look at the support and resistance if its hit near the S/R, i trade against it. Is it a wrong concept?
  • #70,083
  • Jul 11, 2016 5:11am Jul 11, 2016 5:11am
Quoting emmanuel7788
{quote} Don't thank me. You need to build confidence through more trading experience. The 4 JPY pairs gave valid alerts with steep TDI C-slope. I pick UJ and EJ based on the price action, breakout of consolidation. {image} USDJPY H4 trade closed +50pips. {image}
Today i found similar theme during Asian session, pitty i left screen for a while and PA quickly moved to TP-1 in AJ (+77) & EJ (+49).

Positive experience all round. Emmanual appreciate your ongoing support, guidance and enriching confidence to trust ourselves.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY H4 11-7-16.JPG Size: 150 KB
Click to Enlarge Name: eurjpy H4 11-7-16 H4.JPG Size: 154 KB
  • #70,084
  • Jul 11, 2016 6:26am Jul 11, 2016 6:26am
Can someone comment on my trade AU. BUY when H1,D1,W1 shwing up trend. H4 showing downtrend.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
  • #70,085
  • Jul 11, 2016 6:34am Jul 11, 2016 6:34am
Quoting emmanuel7788
{quote} Hi caah, its good to be safe when we trade the medium term like 4H swing. but every week, there are few good trade opportunities with high win rate. trading the weekend gap is one which we should not miss. these are good short term trades in H1 and also M15. 80% of the price gaps are filled but we need to look for price action setups because the APB/HA are of no use when there are gaps in the real price. Trade Well, we are in a new trading month. {image}
Hi Emm,

some question on a post u replied earlier on.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 155 KB
  • #70,086
  • Jul 11, 2016 8:02am Jul 11, 2016 8:02am
All,

What is the benefit of using HA Candles (I use APB Candles) versus Bars / Japanese Candles other than keeping you in a trade? I have tried both (APB and Japanese) several times and I can't decide which I like best. I really like seeing the PA of the Japanese Candles and often switch between them and APB on my charts. I really don't like seeing the APB and bars together.

Thanks!

Quoting emmanuel7788
{quote} 1)Im using HA chart, are we able to see the price action? Yes. You should be able to see and trade the price action using the APB/HA candles. If you are trading price action with Price Bar Patterns, you can look at the Bar Chart over the APB/HA candles in the background. 2) if im trading 4H, once tdi crosses, what else do i look for to confirm the trade?do we enter straight in the next candle?? Here below is Big E's post #647: Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor....
Successful people do what unsuccessful people are not willing to do
  • #70,087
  • Edited 8:49am Jul 11, 2016 8:20am | Edited 8:49am
Quoting emmanuel7788
{quote} Don't thank me. You need to build confidence through more trading experience. The 4 JPY pairs gave valid alerts with steep TDI C-slope. I pick UJ and EJ based on the price action, breakout of consolidation. {image} USDJPY H4 trade closed +50pips. {image}
Thanks Emmanuel for sharing a great post. It solves many puzzles and make TMS even more simple and easy.​

MK
  • #70,088
  • Jul 11, 2016 10:33am Jul 11, 2016 10:33am
Hi Emm,
What is the MTF "MADash-looking" indicator you are showing on Post # 70,078 ( http://www.forexfactory.com/showthre...06#post9022706 )
Would you mind giving a reference to it's setup as well?
Using it, how did you discern that the JPY pairs would be a good trading pair to watch? Other than M1 (which I thought you said you look at for main trend), it appears to be going up.
  • #70,089
  • Jul 11, 2016 11:10am Jul 11, 2016 11:10am
Hello,

Does anyone have a suggestion for a trade / money management EA? I am currently using CaveManager which works well with two exceptions. It does not allow multiple orders and you can't change the chart timeframe. I have messed up several trades doing that!

I would like something simple with multiple TP, Trailing stops, and BE stops.

Thanks!
Successful people do what unsuccessful people are not willing to do
  • #70,090
  • Jul 11, 2016 2:49pm Jul 11, 2016 2:49pm
People, what are your thoughts about GBPNZD? anyone disagreeing about it to be slightly bullish for the next 4 or 5 H4 candles till it can fill up the channel? Its my favorite runaway pair slightly bullish means 250pips up
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 207 KB
  • #70,091
  • Jul 11, 2016 2:53pm Jul 11, 2016 2:53pm
Also a nice reverse candle on D1 with GBPJPY...
GBP pairs might be safe till Thursday before BoE
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 210 KB
  • #70,092
  • Jul 11, 2016 4:43pm Jul 11, 2016 4:43pm
Quoting lctrader11
Hi Emm, What is the MTF "MADash-looking" indicator you are showing on Post # 70,078 ( http://www.forexfactory.com/showthre...06#post9022706 ) Would you mind giving a reference to it's setup as well? Using it, how did you discern that the JPY pairs would be a good trading pair to watch? Other than M1 (which I thought you said you look at for main trend), it appears to be going up.

Quoting Indi64
Hi Emmanuel, Been following your posts for some time and have to say been EXTREMELY! helpful ... TRULY can't Thank you enough. Request ..can I kindly ask your settings for TMs monitor.... Also with regard to your 4 Hr trades are there any specific times you enter and exit ..eg open during Asian and close trade into London open ..as seems you have today. I trade the 1 hr at London open and USA open ..would really appreciate your thoughts on risk reward why you feel 4 hr is better (as I know you are right in your thnking ,but I just cant...
hi,

here is the thread for the TMS Monitor by arbinka

Thread link: http://www.forexfactory.com/showthread.php?t=303347

Read this post for proper setup information: Post#193

if you have any questions, please post in that thread.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,093
  • Jul 11, 2016 4:53pm Jul 11, 2016 4:53pm
Quoting Indi64
Emmanuel Following my previous post your thoughts on this 4 hr signal few minutes back ...would you enter ? many Thanks {image} {image}

Hi,

looking at the W1, it will be sell only. but this pair is very difficult to trade 4H and D1 becasue of the small candles and wicks.

best thing is to trade H1 during the London session, can trade both ways, buy and sell.
catch 50pips with TMS setups knowing that the ADR-100 days is about 160pips. it will be "grab the pips and run".

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,094
  • Edited 5:36pm Jul 11, 2016 5:19pm | Edited 5:36pm
Quoting mkfx
{quote} Thanks Emmanuel for sharing a great post. It solves many puzzles and make TMS even more simple and easy.​ MK

Here is a tip how I use this TMS Monitor to alert me of "TMS setup conditions".

I run 2 instances of this EA ,
- 1st one is set to H4 timeframe so that I get all H4 alerts throughout the day
- 2nd one is set to D1 timeframe Ny session to that I will get the D1 alerts the next morning when Syndey open( new Day). After this, I simply switch the timeframe to H1 during my day time hours when I want to trade H1. If not, then it will remain sitting at the D1 timeframe.

*** this EA is CPU intensive, so it is important not to overload too many pairs into one chart. I have only my favourite 16 pairs. No problem to run this 24hours.

once you have done your Big Picture Planning and know what to look for, it becomes easier when you get alerts and get to your trading charts in time.
yesterday, for example, I was one hour late for the JPY pairs. But they were valid setups and alerts.
it was market reaction to the Japan elections results. the maket at large believes that there is really no better alternative to Abenomics at the moment.

today Jul 12, buy xxxJPY pairs with caution...
Attached Image (click to enlarge)
Click to Enlarge Name: TMS monitor D1 Jul 12 open.png Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,095
  • Jul 11, 2016 5:40pm Jul 11, 2016 5:40pm
Quoting jeff90
{quote} Hi Emm, some question on a post u replied earlier on. {image}

Hi,

I start the trading week by looking at the W1, then the D1. for the direction / bias. That was Monday Jul 4, first day in the new week.
that H1 chart shows market went in consolidation (see that H1 WRB) after my H1 entry. No reason to close my trade when I see small candles, Doji .... especially when the market was in a low liquidity period and need some more participants to move it.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,096
  • Jul 11, 2016 6:23pm Jul 11, 2016 6:23pm
Quoting TampaFX
Hello, Does anyone have a suggestion for a trade / money management EA? I am currently using CaveManager which works well with two exceptions. It does not allow multiple orders and you can't change the chart timeframe. I have messed up several trades doing that! I would like something simple with multiple TP, Trailing stops, and BE stops. Thanks!
TampaFX,

Can you let me know when you find one as well? I want to be able to manually place several trades into a 'basket' for a currency pair and then be able to sell all with one click (Multiple Entry/Single Exit) but I cannot find a good EA either.
  • #70,097
  • Jul 11, 2016 6:42pm Jul 11, 2016 6:42pm
Quoting Nostromo
{quote} TampaFX, Can you let me know when you find one as well? I want to be able to manually place several trades into a 'basket' for a currency pair and then be able to sell all with one click (Multiple Entry/Single Exit) but I cannot find a good EA either.

these 2 posts may help you find what you need:

http://www.forexfactory.com/showthre...75#post9000075

http://www.forexfactory.com/showthre...27#post9000127
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,098
  • Jul 11, 2016 6:47pm Jul 11, 2016 6:47pm
Quoting emmanuel7788
{quote} these 2 posts may help you find what you need: http://www.forexfactory.com/showthre...75#post9000075 http://www.forexfactory.com/showthre...27#post9000127
Hey Emmanuel, thanks for the help, I had actually seen that post but this quote put me off "It's quite a monster"

I will give it a go and see if I can get it to work.
  • #70,099
  • Jul 11, 2016 7:09pm Jul 11, 2016 7:09pm
Quoting Nostromo
{quote} Hey Emmanuel, thanks for the help, I had actually seen that post but this quote put me off "It's quite a monster" I will give it a go and see if I can get it to work.


Hi,

Don't worry about that monster trade manager. I used that for more than 3 years and it actually does a good job managing trades , placing stop loss, moving jumping stops which is better than trailing stops. When you trade several pairs at the same time, it has 'shirt protection' , in this way you will not blow an account so easy when you know how much account drawdown you can lose. It manages trades and currency pairs using magic number or EAN, so you can trade manually using scripts to place orders with unique EAN.
Overall, that MPTM is still working well. There are good people at their website who offer their support.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,100
  • Jul 11, 2016 8:24pm Jul 11, 2016 8:24pm
July 12, buy alerts for JPY pairs with good TDI Green C-slope when last h1 candle closed.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS monitor Jul 12 H1 C-Slope.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
44 traders viewing now