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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #70,981
  • Aug 26, 2016 8:16pm Aug 26, 2016 8:16pm
Quoting v2vboni
Sharing these to other babies like me... ; )- TMS = Trading Made Simple TDI = Traders Dynamic Index TPL = TDI Price Line (Green Line) TSL = TDI Signal Line (Red Line) MBL = Market Base Line (Yellow Line) VB =Volatility Bands (Blue Lines) APB = Average Price Bars PAC = Price Action Channel MA = Moving Average EMA - Exponential Moving Average NSL- New Structure Low NSH - New Structure High SW = Swing HH = Higher High (swing) HL = Higher Low (swing) LH = Lower High (swing) LL = Lower Low (swing) HA = Heiken Ashi DOL = Daily Open Line MC = Master Candle....

nice!

thank you v2vboni.

this list of commonly used acronyms will make my charts posting lot easier and quicker in that I will no longer need type full words anymore from next week.


few more ...
PPA = Previous Price Action
PRZ = Potential Reversal Zone
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,982
  • Aug 26, 2016 8:23pm Aug 26, 2016 8:23pm
Quoting fibo38
{quote} Horrible today . I close and restard news week

that was the right decision you, I and many others made this week ...

we all follow Rule#1 and Rule#8... Post#48,618
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,983
  • Aug 27, 2016 12:00am Aug 27, 2016 12:00am
Quoting orestebufalo
{quote} I usually use 1: 1 and especially 1: 2. But in this case it was almost 1:1. For safety I wanted to close on one level (weekly pivot). I feared that it could go back. Unfortunately the target corresponded with that relationship and I did not want to lose this good trade. See where the price now is bouncing. The pivot to 1.476127. My target and I have reached two hours ago.
Hi Orest!

Happy you are doing good

is it possible for you to upload the support and resistance line indicator that you used in your charts?

Anyway
GL
imdi
  • #70,984
  • Aug 27, 2016 1:35am Aug 27, 2016 1:35am
Hi Ems!

Fabulous job here you are doing. I would just like to check I have the correct inputs in TDI RT on the pic.

I was also thinking today which is unusual but I progressed anyway thinking wouldn't it be better to trade only the pairs with a rising ATR and ignoring the ones with a falling or under a certain level, so if you are going with the trend and a rising ATR you should be getting more speed and pips. Just a thought.

Next question would be what speed and anyone got an atr indy!

cheers dabs
Attached Image
  • #70,985
  • Aug 27, 2016 1:51am Aug 27, 2016 1:51am
Quoting erelation
{image}{image}{image}{image} {image}
Hi Erelation, would you mind sharing the attached indicators (see screenshot taken from your previous charts)?
Attached Image (click to enlarge)
Click to Enlarge Name: ADR Indicator.PNG Size: 14 KB
Attached Image
  • #70,986
  • Aug 27, 2016 2:19am Aug 27, 2016 2:19am
Quoting Fbps
{quote} Hi Erelation, would you mind sharing the attached indicators (see screenshot taken from your previous charts)? {image} {image}

these old post may help:

http://www.forexfactory.com/showthre...83#post8664983

http://www.forexfactory.com/showthre...84#post7974884

how to use that?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,987
  • Edited 2:40am Aug 27, 2016 2:30am | Edited 2:40am
Support and Resistance is not a single price line on our charts.
Support and Resistance are price zones/small areas where there were previous price action PPA showing either consolidations or reversals, and this is what Big E mentioned many times in his posts. Look if we we in consolidation or near consolidation, look at the last reversal, are the candle big or small, etc.

Example with NZDUSD H1 below.
Just use the price round number 00, 25, 50 and 75. These price lines are more than enough for you to see the PPA for most pairs. However, for the more volatile pairs with higher trading ranges, it will be more practical to use only the 00 and 50 price lines, less clutter on out zoom on our charts. The fewer lines on our charts the clearer we can see the PPA. Do we really need to use pivots and its S&R? So many different pivots Standard, Camarilla,Woodie, Fibonacci, etc. which one is the holy grail amongst the lot?
Do you agree it is much easier with TMS charts, just look at the APB candles colour change and the TDI cross or bounce to see the PPA? What is your view, lets share your views here.

Attached Image (click to enlarge)
Click to Enlarge Name: Support and Resistance at PPA RN.png Size: 136 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,988
  • Aug 27, 2016 3:16am Aug 27, 2016 3:16am
Quoting dabs99
Hi Ems! Fabulous job here you are doing. I would just like to check I have the correct inputs in TDI RT on the pic. I was also thinking today which is unusual but I progressed anyway thinking wouldn't it be better to trade only the pairs with a rising ATR and ignoring the ones with a falling or under a certain level, so if you are going with the trend and a rising ATR you should be getting more speed and pips. Just a thought. Next question would be what speed and anyone got an atr indy! cheers dabs {image}

The settings which i use:
10 = RSI period 10
5 = RSI Typical Price (not the Close) * this important to see the price bar volatility.
34 = MA period for MBL
3 = MA period for the RSI Green PL
1 = Exponential MA of Green PL
7 = MA period for the Red TSL


about the ATR, it is always good to trade when the market volatility is increasing but do not ignore the longer term ATR.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,989
  • Aug 27, 2016 3:20am Aug 27, 2016 3:20am
Quoting emmanuel7788
Support and Resistance is not a single price line on our charts. Support and Resistance are price zones/small areas where there were previous price action PPA showing either consolidations or reversals, and this is what Big E mentioned many times in his posts. Look if we we in consolidation or near consolidation, look at the last reversal, are the candle big or small, etc. Example with NZDUSD H1 below. Just use the price round number 00, 25, 50 and 75. These price lines are more than enough for you to see the PPA for most pairs. However, for the...
I did not use any pivot indicator in my chart yet. Now try to focus only on PA, like HH/LH, HL/LL, BUOE, BUEE, hammer and etc.
Hope my future performance can demonstrate it is a wise decision
Trade your belief, trade like Emmanuel
  • #70,990
  • Aug 27, 2016 3:48am Aug 27, 2016 3:48am
Quoting muyir
{quote} I did not use any pivot indicator in my chart yet. Now try to focus only on PA, like HH/LH, HL/LL, BUOE, BUEE, hammer and etc. Hope my future performance can demonstrate it is a wise decision
Don't get me wrong. I am not against the use of pivots. It will be just a learning cycle for most traders. Each will learn from their own experience and they will move on. I have seen a rookie trader who started in 2012 and now gone through 3 different trading 'systems' in a short 4 years.
In fact I used both Daily and Weekly standard pivots for a few years. But I had learned to use them as many traders also use them, it is like the herd thing. But I use the pivots retracement levels Fib38/50 and also the extension levels Fib127 and look for CONFLUENCE of the BRN and RN with the 50EMA and 200EMA on every chart timeframe I trade. The CONFLUENCE of different S&R do add weight to making decisions. But at the end it all boils down to the Price Action we see with the PPA and the trade setups, entries and exits, which will decide if the trade is low risk or not. We build a low risk trading system and use that to create an edge for ourselves.
And now without any pivot indicator on my charts and with trained eyes, I can already see where the retracements and extensions are. It is not difficult when we have those price levels grids 00,25, 50 and 75 on our charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,991
  • Aug 27, 2016 1:27pm Aug 27, 2016 1:27pm
Quoting emmanuel7788
{quote} Don't get me wrong. I am not against the use of pivots. It will be just a learning cycle for most traders. Each will learn from their own experience and they will move on. I have seen a rookie trader who started in 2012 and now gone through 3 different trading 'systems' in a short 4 years. In fact I used both Daily and Weekly standard pivots for a few years. But I had learned to use them as many traders also use them, it is like the herd thing. But I use the pivots retracement levels Fib38/50 and also the extension levels Fib127 and look...
It is nice to read everything you write. Why put the passion in this wonderful profession of trader. Compliments
  • #70,992
  • Aug 27, 2016 2:00pm Aug 27, 2016 2:00pm
Quoting imdisaait
{quote} Hi Orest! Happy you are doing good is it possible for you to upload the support and resistance line indicator that you used in your charts? Anyway GL imdi
yes friend tomorrow i send you. Ok?
  • #70,993
  • Edited 6:36pm Aug 27, 2016 6:23pm | Edited 6:36pm
Quoting orestebufalo
{quote} It is nice to read everything you write. Why put the passion in this wonderful profession of trader. Compliments
Thank you Ores.

I am just sharing my experience and the way I trade with TMS. My experience and sharing will not help all the people but I know it had help a few who became better TMS traders.
Those who benefit are those who have an open mind when they read , study and forward test in live market conditions. This is very important that every trader forward test their own system in live market conditions and experience it for themselves. Your experience will teach you much more than anyone here in a public forum.
It will no make any sense that traders copy another trader's chart template and try trade like him/her. Every trader is different, we have different beliefs about the market and that is how we trade our beliefs about the market. We all have different temperament and risk profile. We must adopt the attitude of traders who have a gambling style and trade like gamblers.
I am trading the same TMS for 5 years. Whatever stuff I had previously added to, I have removed after I gain more experience. You do the same for 5 years and you can only get better. Do not jump from system to system. Do not copy another person's system. TMS is not the system, it is a trend following method. You add in your own money management strategy and you will make it your own trading system. You must work on your own - how you manage your trading psychology as a trader and you will have a better chance to succeed in this business. You must do your own work and create an edge for yourself and you will find your winning edge. That will be your own winning system development.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,994
  • Aug 27, 2016 6:35pm Aug 27, 2016 6:35pm
here to answer a few PMs,
- what is PPA?
- how to identify PPA?

PPA=Previous Price Action. .. already mention in previous post.
one of the PPA I look for is:
- look for price trends and when it ended either in consolidation or reversal,
- a trend is when the APB reverses and change colour and continues above or below the 5EMA, Typical Price, Shift+3 (this is basic TMS),
- the trend must run for 3 to 8 APB candles of same colour ( one of TMS trader belief)
- look at big candles and small candle, then the trend after big and small candles.

Example on the same NZDUSD H1 chart below:
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD week 34 POMO PPA.png Size: 128 KB

See those PPA I marked for last week.

also,

There was a 3-bar setup which show on Friday when market reacted to US data. Can you spot that setup and what is known as?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,995
  • Aug 27, 2016 11:36pm Aug 27, 2016 11:36pm
Quoting emmanuel7788
{quote} Thank you Ores. I am just sharing my experience and the way I trade with TMS. My experience and sharing will not help all the people but I know it had help a few who became better TMS traders. Those who benefit are those who have an open mind when they read , study and forward test in live market conditions. This is very important that every trader forward test their own system in live market conditions and experience it for themselves. Your experience will teach you much more than anyone here in a public forum. It will no make any sense...
Fantastic. Thanks, thanks
  • #70,996
  • Aug 28, 2016 12:42am Aug 28, 2016 12:42am
Quoting Civitas
{quote} Hi emmanual7788, BBP would be a fantastic post, AUSUSD? Unless there are other preferences?

Here my simple BPP and trade plan for next week 35:

one of my favourite pair to trade during the Sydney and Tokyo morning session hours.

Attached File(s)
File Type: pdf AUSUSD Week 35 BPP and trade plan.pdf   330 KB | 660 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,997
  • Aug 28, 2016 1:46am Aug 28, 2016 1:46am
Quoting emmanuel7788
{quote} Here my simple BPP and trade plan for next week 35: one of my favourite pair to trade during the Sydney and Tokyo morning session hours. {image}
thanks to the analysis. I would like to ask you a favor if you can. where can I find the indicator that shows to me the situation in other time frames?
  • #70,998
  • Aug 28, 2016 2:07am Aug 28, 2016 2:07am
Quoting orestebufalo
{quote} thanks to the analysis. I would like to ask you a favor if you can. where can I find the indicator that shows to me the situation in other time frames?

Hi,

Those are pipware minicharts by stratman

You will find the links in this recent post:
http://www.forexfactory.com/showthre...98#post9081798
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,999
  • Aug 28, 2016 2:08am Aug 28, 2016 2:08am
Quoting emmanuel7788
{quote} Hi, Those are pipware minicharts by stratman You will find the links in this recent post: http://www.forexfactory.com/showthre...98#post9081798
Thanks
  • #71,000
  • Aug 28, 2016 2:12am Aug 28, 2016 2:12am
Quoting trade786
{quote} Thanx can you give me a big pic planning on GBPAUD

Here is my BPP and Trade Plan for next week 35.

Attached File(s)
File Type: pdf GBPAUD Week 35 BPP and Trade Plan.pdf   425 KB | 725 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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