Trading Made Simple | Page 3558 | 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

  • #71,141
  • Sep 6, 2016 9:41pm Sep 6, 2016 9:41pm
Quoting yesmanppa
Hi all, I am trying to read all post TMS. Anyone can share last TPL with stragy? Thank very much!
Hi,

If you try to read all the 70k posts in this thread, it will take very long time and you will most likely give up along the way. You will then miss learning a very simple trend trading methodology which can change your life.

Here is where you can start and will take lot less time.

Start at this post:
http://www.forexfactory.com/showthre...34#post8324434

then this post to get up to speed with current chart templates:
http://www.forexfactory.com/showthre...20#post9101020

when you are done, post a chart every week and I will help you learn and try make some money with TMS 5-Method.

Enjoy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,142
  • Sep 6, 2016 11:26pm Sep 6, 2016 11:26pm
Hi Emmanuel,

The chart you posted earlier shows HA with the bar showing open, close, high and low inside the HA candle, mine does not have it . Where can I download it.


Thanks
  • #71,143
  • Sep 7, 2016 1:13am Sep 7, 2016 1:13am
Quoting matrocker
Hi Emmanuel, The chart you posted earlier shows HA with the bar showing open, close, high and low inside the HA candle, mine does not have it . Where can I download it. Thanks

Hi,

That is MT4 default Bar Chart set to show as Foreground Chart over the APB/HA candles.
No special indicator required.

regards,

Attached Image (click to enlarge)
Click to Enlarge Name: MT4 Bar Chart set show Foreground chart.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,144
  • Sep 7, 2016 1:21am Sep 7, 2016 1:21am
Kiwi making new high. No sign of it topping yet.

Zoom out and look at the previous price action PPA and potential target exits.
No selling until we see reversal with Price Action setups with TDI as our confirmation.
Trends do not turn around in violent moves. Trends ends in consolidation when price fails to make higher high higher low.... small candles.
No point in guessing that the market will turn around at some magical pivot, S&R levels, etc. Market price creates those pivots S&R anyway to trap retail traders especially the rookies traders.
TMS traders we look at the BRN and RN price levels and look at the Price Action and the TDI condition.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 36 D1 chart PPA for targets.png Size: 87 KB


For 4H swing traders, know the 52-Weeks ATR. See my post pdf.

http://www.forexfactory.com/showthre...69#post9118669
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,145
  • Sep 7, 2016 1:29am Sep 7, 2016 1:29am
What is "daylight" on our charts?

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD example of Daylight space.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,146
  • Sep 7, 2016 1:33am Sep 7, 2016 1:33am
Quoting emmanuel7788
AUD rate annoucement today. No change as forecast. AUD made breakout of the H1 Inside bar earlier but H4 face resistance which was previous support and BRN 1.0400 which side will you trade? {image} H1 Inside Bar breakout setup with TDI confirmation {image}

This AUDNZD trade did not run well yesterday. Both AUD and NZD were strong against the USD.
NZD obviously is the stronger pair and this we see in the reversal yesterday. We had the H4 TDI hook back exit.

This is my reason why I do not trade any of the 3 commodity cross pairs but rather simply trade the USD majors.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Week 36 H4 trade exit TDI hook back.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,147
  • Sep 7, 2016 1:54am Sep 7, 2016 1:54am
GBPJPY D1 chart Sep 7.

Today' d1 candle has not close. But will it close later and we have a sell setup candle on D1 chart?
We must wait.
However, in the meantime, what is stopping us in trading H1 since it is at BRN 136.00

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 36 Sep 7 D1 chart.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,148
  • Sep 7, 2016 2:01am Sep 7, 2016 2:01am
Quoting emmanuel7788
GBPJPY D1 chart Sep 7. Today' d1 candle has not close. But will it close later and we have a sell setup candle on D1 chart? We must wait. However, in the meantime, what is stopping us in trading H1 since it is at BRN 136.00 {image}
Thanks for posting so many graphs we can learn from.
Though a little disappointed at the trades I made yesterday, the mistakes kept me improving.
Trade your belief, trade like Emmanuel
  • #71,149
  • Sep 7, 2016 2:16am Sep 7, 2016 2:16am
Quoting muyir
{quote} Thanks for posting so many graphs we can learn from. Though a little disappointed at the trades I made yesterday, the mistakes kept me improving.

first you must reach 6,000 hours of trading practice like Big E.
then you are still short of the target 10,000 hours to attained Deep Practice.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,150
  • Sep 7, 2016 2:23am Sep 7, 2016 2:23am
EURUSD Week 25.

So far this week we saw weaker USD so this pair rallied yesterday on weaker US data.

Nothing on H4 to suggest we sell today.
The 52-Weeks ATR is 219 pips, so far it has reached 60%.
100% of this will see price hit 1.350.
If you sell now, where do you place your initial stop loss and to use that form your Position Sizing?
Do you intend to keep selling on rising prices? hoping and praying that it would reverse back down.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 36 Sep 7 H4.png Size: 57 KB


The D1 is still looking rather bullish with big candle.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 36 D1 Sep 7.png Size: 59 KB


Remember, TMS basics...
we buy when we see Buyers.
we sell when we see Sellers.


Trade Well Folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,151
  • Sep 7, 2016 2:28am Sep 7, 2016 2:28am
Good evening Emmanuel,

I have PM you 3 days ago regarding the question below:

"You mentioned long long time ago about the software tool you used for trade analysis, may you share it with me? Post 19,293 "


also, one more question, every week you'll choose 5 best pairs with plan A and B (and sometimes plan C ) to trade, and 3 backup pairs just in case. And then use TMS monitor to alert you the TDI cross..etc. I want to ask if you only look at these pairs you have chosen throughout the week? If the 5 pairs' plan A don't go well, do you go to your backup pairs to find the plan A there or you will go through the plan B in the 5 pairs first?

Maximum 5 pairs running at a time right?

My problem is that too many things going on in 16 pairs (trying to follow your watchlist.) Is it NORMAL if I can't remember the exact setup or entry or is it 4H swing trading or Position trading when I walk away from the computer?

Can you share your way of keep tracking things in this business?


Thank you.


Best regards,


Steven
  • #71,152
  • Sep 7, 2016 2:32am Sep 7, 2016 2:32am
Quoting emmanuel7788
{quote} Do Not buy until we see Buyers. Do Not sell until we see Sellers. {image} Never, never, never try out-smart the market thinking that you have mastered the market or mastered trading the market. This is a rookie traders belief. Learn to preserve your trading capital and use that at the right moment ...
Hi, Emm!

There was a H&S pattern as well, so more reasons to be on the sellers' side.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 95 KB
  • #71,153
  • Sep 7, 2016 2:44am Sep 7, 2016 2:44am
Quoting emmanuel7788
{quote} This AUDNZD trade did not run well yesterday. Both AUD and NZD were strong against the USD. NZD obviously is the stronger pair and this we see in the reversal yesterday. We had the H4 TDI hook back exit. This is my reason why I do not trade any of the 3 commodity cross pairs but rather simply trade the USD majors. {image}
I nailed that yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 91 KB
  • #71,154
  • Edited 3:11am Sep 7, 2016 2:47am | Edited 3:11am
Quoting catalin_eros
{quote} Hi, Emm! There was a H&S pattern as well, so more reasons to be on the sellers' side. {image}

Yes. One of my buddy did alert the group about that H&S chart pattern... so we all waited.

But what is the market psychology behind such chart pattern?

perhaps, this old article may be interesting read.
Attached File(s)
File Type: pdf Head and Shoulders market psychology.pdf   71 KB | 890 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,155
  • Sep 7, 2016 2:49am Sep 7, 2016 2:49am
Quoting catalin_eros
{quote} I nailed that yesterday. {image}

well done!
that is very nice I LIKE.

you are consistent with the use of those Guppy MA like snarlyjack our TMS pioneer trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,156
  • Sep 7, 2016 2:59am Sep 7, 2016 2:59am
Quoting mousteven
Good evening Emmanuel, I have PM you 3 days ago regarding the question below: "You mentioned long long time ago about the software tool you used for trade analysis, may you share it with me? Post 19,293 " also, one more question, every week you'll choose 5 best pairs with plan A and B (and sometimes plan C ) to trade, and 3 backup pairs just in case. And then use TMS monitor to alert you the TDI cross..etc. I want to ask if you only look at these pairs you have chosen...

Hi Steven,

ok. will reply PMs later. Too many PMs in backlog this week, so I need to clear the urgent ones first.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,157
  • Sep 7, 2016 3:18am Sep 7, 2016 3:18am
Quoting emmanuel7788
{quote} well done! that is very nice I LIKE. you are consistent with the use of those Guppy MA like snarlyjack our TMS pioneer trader.
I got back to them this week. I feel more comfortable trading with them. I am re-reading SJ's posts now. Do you know, by any chance, if there is a PDF about his posts? I could not find it if there is.

The AN trade was a very easy one. So easy, that even a 5 year old could trade it:

-W1 nice red APBs, long term guppies down and spreading;
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDWeekly.png Size: 73 KB

-D1 rejecting from the short term guppies and previous support which became resistance, long term guppies down and spreading, TDI in the OS territory ( and I learnt from you that this is a sign of strong trend);
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 73 KB

-H4 long term guppies down and spreading, good TDI cross with very steep angle.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 91 KB


Too easy when three TFs tell the same story. I have had my most profitable trades this way. But the disadvantage is that it might take a while before they align.

I haven't had much time for posting lately, but I kept reading your posts. Thanks for everything that you do for all of us here!

EDIT: Also HD on H4, but I know you don't put weight on divergence...
  • #71,158
  • Sep 7, 2016 4:33am Sep 7, 2016 4:33am
Would this be a valid long trade?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH4.png Size: 56 KB
The starting point of all achievement is desire.- Napoleon Hill
  • #71,159
  • Sep 7, 2016 4:36am Sep 7, 2016 4:36am
Quoting emmanuel7788
{quote} Hi, If you try to read all the 70k posts in this thread, it will take very long time and you will most likely give up along the way. You will then miss learning a very simple trend trading methodology which can change your life. Here is where you can start and will take lot less time. Start at this post: http://www.forexfactory.com/showthre...34#post8324434 then this post to get up to speed with current chart templates: http://www.forexfactory.com/showthre...20#post9101020 when you are done, post...
Thank you very much.
I will post chart every week
  • #71,160
  • Sep 7, 2016 4:58am Sep 7, 2016 4:58am
Quoting StarGazer2
Would this be a valid long trade? {image}
I would not be looking at a long until price can remain above the 76 level. Price was rejected at this brn and since then we have made lower high and lower low. Imo, it's safer to wait for the next H4 close to decide
the cautious seldom err....C
57 traders viewing now, 1 is registered:
GanharDinhei