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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #71,281
  • Sep 14, 2016 6:38pm Sep 14, 2016 6:38pm
Quoting gditmf9
Hi everyone! What do you think about those trades? Would you stay in? Lucky I'm on demo... The vertical lines were my entries yesterday, at the begining of the Sydney session when they all looked like nice bounce trades... {image} Yesterday : {image} {image} {image}
gditmf9,
I have attached an image of the gbpusd, so you understand what is happening.
If you want to trade on the daily charts then you have to use the month chart as trend, weekly as sub trend. There is the same picture in this thread plenty of times.
The bounce trade is a continuation of a trend, except the gbpusd is 1d chart is not trending, it is range bound since June. You sold at roughly 50% of the the range, if you want to trade range bound markets, then sell at the top of the range and buy at the bottom (use TDI cross for entries), don't do anything in the middle because you will be chopped up by the retracements.
Attached Image
  • #71,282
  • Sep 14, 2016 8:57pm Sep 14, 2016 8:57pm
Quiet US session and now Tokyo move...
Most pairs already shown swing high swing low on H4 charts this week.
Look for continuation following the weekly trend/directiion.
Careful when Tokyo funish sushi time and Frankfurt open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,283
  • Sep 15, 2016 5:08am Sep 15, 2016 5:08am
Quoting AlexoBrawler
{quote} oh ok, thank you
...... here is also book by Big E & Phx62 [the gr8est TMS traders of all time ] ........

Big E book here http://www.forexfactory.com/showthre...21#post4666121

Phx62 book here http://www.forexfactory.com/showthre...37#post8401137

Learn from every1 - BUT! - follow no 1
  • #71,284
  • Sep 15, 2016 7:54am Sep 15, 2016 7:54am
Quote
Two hundred thousand dollars is a lot of money. We're gonna have to earn it. Blondie (The Good, the Bad and the ugly)

Omonisha is 1 of the best H4 traders i know .... i learnt many tings from his trades ...... here is advanced trade .......... Big E said 4 noobs 2 practice crosses first on demo [bounces r hard]
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  • #71,285
  • Sep 15, 2016 9:58am Sep 15, 2016 9:58am
Quoting griffinssoul
{quote} ur taking superb trades hsn100 - congrats buddy ...... im going 4 the 100% ...... the wheels usually fall off when i try cause its such a psychological number {image}
.......update...... take'n heavy hits

Quote
Cpl. Josh Ray Person: Why, so I can be more like the teacher's pet?
Sgt. Brad 'Iceman' Colbert: Yeah, that's exactly it. You should be more like Trombley.
Cpl. Josh Ray Person: More like Trombley? MORE LIKE TROMBLEY?
Generation Kill
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  • #71,286
  • Sep 15, 2016 10:30am Sep 15, 2016 10:30am
Hello Guys, I`m new in this method, I already read very first 50 pages. I`m just wondering are you using the original entry? because i can see many traders they added too many things on the original trading methodology.
thanx in advance
  • #71,287
  • Sep 15, 2016 10:45am Sep 15, 2016 10:45am
Quoting griffinssoul
{quote} ...... here is also book by Big E & Phx62 [the gr8est TMS traders of all time ] ........ Big E book here http://www.forexfactory.com/showthre...21#post4666121 Phx62 book here http://www.forexfactory.com/showthre...37#post8401137 Learn from every1 - BUT! - follow no 1
hahaha thank you very much but I'm already reading it since yesterday, 'cause found it "googleing" Trading Made Simple Espaol, but instead something in spanish I found gold!

the other of Phx62 will read it after Big E's
  • #71,288
  • Sep 15, 2016 11:01am Sep 15, 2016 11:01am
Quoting Bita1.314
Hello Guys, I`m new in this method, I already read very first 50 pages. I`m just wondering are you using the original entry? because i can see many traders they added too many things on the original trading methodology. thanx in advance
Hey Bita... look at a shared system like a skeleton - a guide....as a trader you need to find your own rhythm....everyone interprets charts differently...so as much as the skeleton of the strategy is the TMS - we fine tune it to our own trading style.....
Stop fighting, let it go......you will be surprised..
  • #71,289
  • Sep 15, 2016 11:12am Sep 15, 2016 11:12am
Quoting Bita1.314
Hello Guys, I`m new in this method, I already read very first 50 pages. I`m just wondering are you using the original entry? because i can see many traders they added too many things on the original trading methodology. thanx in advance
Hi Bita.

The heart of enter is original TMS. But each trader can add their achievements.

I trade only 4H and use original TMS and BPP. I would like trade 1H charts, but this TF have a particularity (Sedney, London, NY sesions) and not ready for this.


The heart of enter is original TMS.
There is no reason to trade if there is no reason to trade.
  • #71,290
  • Sep 15, 2016 11:18am Sep 15, 2016 11:18am
Quoting marionetka
{quote} Hi Bita. The heart of enter is original TMS. But each trader can add their achievements. I trade only 4H and use original TMS and BPP. I would like trade 1H charts, but . The heart of enter is original TMS.
I`m just wondering what is your win to loss ratio? and do you use 1to 2 money management? means your take profit 2 times as your stop loss!
and I don`t understand "this TF have a particularity (Sedney, London, NY sesions) and not ready for this" what do you mean?
  • #71,291
  • Sep 15, 2016 11:36am Sep 15, 2016 11:36am
Quoting CptOrlando
{quote} gditmf9, I have attached an image of the gbpusd, so you understand what is happening. If you want to trade on the daily charts then you have to use the month chart as trend, weekly as sub trend. There is the same picture in this thread plenty of times. The bounce trade is a continuation of a trend, except the gbpusd is 1d chart is not trending, it is range bound since June. You sold at roughly 50% of the the range, if you want to trade range bound markets, then sell at the top of the range and buy at the bottom (use TDI cross for entries),...
Thanks CptOrlando fo clarifying!

So from now on I won't try to trade bounces on ranging markets, only crosses at top or bottom of range!
  • #71,292
  • Sep 15, 2016 12:00pm Sep 15, 2016 12:00pm
Quoting Bita1.314
{quote} I`m just wondering what is your win to loss ratio? and do you use 1to 2 money management? means your take profit 2 times as your stop loss! and I don`t understand "this TF have a particularity (Sedney, London, NY sesions) and not ready for this" what do you mean?
I mean that when you are trading 1H TimeFrame, you have to consider the session in which you trade. (There are a few sessions: Tokyo, Sydney, Frankfurt, London and NY). I don't trade on 1H.

My R:R usually is 1:3, 1:2 (sometimes 1:1, but not less)
There is no reason to trade if there is no reason to trade.
  • #71,293
  • Sep 15, 2016 12:04pm Sep 15, 2016 12:04pm
Quoting marionetka
{quote} I mean that when you are trading 1H TimeFrame, you have to consider the session in which you trade. (There are a few sessions: Tokyo, Sydney, Frankfurt, London and NY). I don't trade on 1H. My R:R usually is 1:3, 1:2 (sometimes 1:1, but not less)
what time frame do you use? H4
  • #71,294
  • Sep 15, 2016 12:19pm Sep 15, 2016 12:19pm
Quoting Bita1.314
{quote} what time frame do you use? H4
I use H4 for enter. W1 and MN for BPP (Big Picture Planing)
There is no reason to trade if there is no reason to trade.
  • #71,295
  • Sep 15, 2016 12:20pm Sep 15, 2016 12:20pm
To those who take trade in H4, Do you take trade whenever see the setup? or you have time for that? for example 10pm pacific and 2 am pacific based on eelfranz
and which crosses do you work with?
  • #71,296
  • Sep 15, 2016 12:21pm Sep 15, 2016 12:21pm
Quoting marionetka
{quote} I use H4 for enter. W1 and MN for BPP (Big Picture Planing)
Can I ask you how long you have been using? and what time do you trade in H4? coz I read in eelfranz mentioned 10pm pacific and 2Am?

and are you look at weekly chart in the same way? for trend and then if up bias you will take just long in H4?
thank you
  • #71,297
  • Sep 15, 2016 12:31pm Sep 15, 2016 12:31pm
That would be perfect if anyone share your chart here, for who is new to this, I`m using different method but I have been following this system since 2014, I wish I were using this method when I see some of your result.
this is all about be n the market I know we can learn much from market but seeing example trades here Can really help and boost the newbies.
I can say this method is the best when you take look at this topic it such a great community here, which they have been using this for more than 3-4 years.
Regards to all
and respect to the great eelfranz
  • #71,298
  • Sep 15, 2016 12:37pm Sep 15, 2016 12:37pm
Quoting HereNow
{quote} Hey Bita... look at a shared system like a skeleton - a guide....as a trader you need to find your own rhythm....everyone interprets charts differently...so as much as the skeleton of the strategy is the TMS - we fine tune it to our own trading style.....
thank you for sharing this, this is awesome, like step by step go to the trade.
please share with me these kind of things.

Just only thing is that how can I measure longer term trend and short term? I tend to work H4 based on eelfranz advice for the best result. can you refer an example how do you deal with measuring trend?
  • #71,299
  • Sep 15, 2016 8:19pm Sep 15, 2016 8:19pm
can anyone please mention the parameters for those movings
"the two yellow moving averges"
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  • #71,300
  • Sep 16, 2016 1:14am Sep 16, 2016 1:14am
Quoting solorik
can anyone please mention the parameters for those movings "the two yellow moving averges" {image}

Price Action Channel

Synergy PAC Post#21,284

Comparing Synergy PAC and Synergy_Pro PAC: Post# 54,119

if you search this thread with keyword = "price action channel" you will have some good posts to read. Also keyword "yellow brick road" by snarlyjack, a pioneer member who started with our OP eelfranz.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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