Trading Made Simple | Page 3613 | 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

  • #72,241
  • Oct 13, 2016 7:04am Oct 13, 2016 7:04am
EURUSD NY just open and the H4 shows steep angle 12-2 clock face, HA move above the 5EMA,

Tricky one, do you want to buy against the strong D1 down trend?

H4 still has another one hour before it closes.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 13 TMS Monitor NY open.png Size: 101 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,242
  • Oct 13, 2016 7:09am Oct 13, 2016 7:09am
Quoting anfei1972
Hi fellow FF members, learning on Demo, took EURNZD H4 trade, and closed with loss, can you please advise anything I did wrong? Any comments are welcome. Thanks {image}
The price look's like ranging here on EUR/NZD, when you decide to chose a pair!
  • #72,243
  • Oct 13, 2016 7:34am Oct 13, 2016 7:34am
Quoting emmanuel7788
EURUSD NY just open and the H4 shows steep angle 12-2 clock face, HA move above the 5EMA, Tricky one, do you want to buy against the strong D1 down trend? H4 still has another one hour before it closes. {image}
So it's fair to say that we avoid going long on this one until we see the D1 change direction? Is that right? Just want to make sure that I am understanding it correctly. Thanks.
  • #72,244
  • Oct 13, 2016 8:39am Oct 13, 2016 8:39am
Quoting Azk
{quote} So it's fair to say that we avoid going long on this one until we see the D1 change direction? Is that right? Just want to make sure that I am understanding it correctly. Thanks.

I am no expert, but personally I would not consider going long on H4 whilst TDI is strongly oversold [indicating a strong downtrend]
  • #72,245
  • Oct 13, 2016 8:52am Oct 13, 2016 8:52am
Quoting emmanuel7788
EURUSD NY just open and the H4 shows steep angle 12-2 clock face, HA move above the 5EMA, Tricky one, do you want to buy against the strong D1 down trend? H4 still has another one hour before it closes. {image}
Not with the cross happening in the OS zone. But I'll be in the blue zone, looking for shorts. Lock and load!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 83 KB
  • #72,246
  • Oct 13, 2016 8:59am Oct 13, 2016 8:59am
found link for calendar thanks !
  • #72,247
  • Edited 9:23am Oct 13, 2016 8:59am | Edited 9:23am
Hi Catalin,so you would not look to buy the bounce is it not worth the risk buying against trend?
ps not trading just trying to pick up ideas.Thanks
  • #72,248
  • Oct 13, 2016 8:59am Oct 13, 2016 8:59am
Cat,
you are correct. My prediction is same,

Dan
Attached Image (click to enlarge)
Click to Enlarge Name: Fibo.png Size: 60 KB
  • #72,249
  • Edited 10:37am Oct 13, 2016 9:53am | Edited 10:37am
Quoting emmanuel7788
EURUSD NY just open and the H4 shows steep angle 12-2 clock face, HA move above the 5EMA, Tricky one, do you want to buy against the strong D1 down trend? H4 still has another one hour before it closes. {image}
I am taking a similair trade USD/CHF a mirror of EUR/USD yes I am trading counter trend because the price is quite extended and at an importatnt weekly resistance level

My money management:

risk 1 percent of equity
two entries 0.5 percent of equity on each position
at r:r = 1 exit the first position and move stop loss of the second position to break even (overlaps also with 23percent fib retracement)
at r:r=2 or above depends on price action close second position (overlaps with the 38 fib level and a round number and a previous swing level)
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 52 KB
  • #72,250
  • Oct 13, 2016 11:47am Oct 13, 2016 11:47am
Quoting johnn
Hi Catalin,so you would not look to buy the bounce is it not worth the risk buying against trend? ps not trading just trying to pick up ideas.Thanks
Hi!

It is easier swimming with the current than against it, don't you agree? I would consider buying if I was trading a LTF and H4 was my HTF. But the higher the timeframe, the more reliable it is.
  • #72,251
  • Oct 13, 2016 12:12pm Oct 13, 2016 12:12pm
Hi Emmanuel,
You mentionated some posts earlier, that there is a script to plot the trades from history on the chart, w/o the need to manual drag each of them? What is the name of that?
About your Hard Stop, on ME/ME since it's not a stop meant to be hit if you are wrong, just a save in case of something like GPB flash crash, or CHF last year, how much in % are you confortable to hold in Relative DD? not sure if relative is the word, but the DD of open positions of your baskets.

I'm using ME/ME this way: H4+D1 same side, I enter small positions to same side when there is retraces on LTF, this is my equity curve so far this month
using a live micro account not even 1k $. The fall on the curve was an 1.00lot instead 0.01lot order, 9 seconds till I realise the mistake and closed and was already enought for a nice damage on my graphic
Attached Image (click to enlarge)
Click to Enlarge Name: Capturar.PNG Size: 9 KB
  • #72,252
  • Oct 13, 2016 12:21pm Oct 13, 2016 12:21pm
Hi all,

Been following along for a month and trying to learn this method. Thank you to all who contribute.

Daily sell taken on EUR/AUD. Targeting 1.450.

To all you TMS guys who have this licked, does this seem an ok trade for a daily timeframe?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-10-13 at 18.16.26.png Size: 147 KB
  • #72,253
  • Oct 13, 2016 12:43pm Oct 13, 2016 12:43pm
Best cross ever
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 43 KB
  • #72,254
  • Oct 13, 2016 1:45pm Oct 13, 2016 1:45pm
Quoting Daniel 777
Hi all, Been following along for a month and trying to learn this method. Thank you to all who contribute. Daily sell taken on EUR/AUD. Targeting 1.450. To all you TMS guys who have this licked, does this seem an ok trade for a daily timeframe? {image}
Do not trade this pair and timeframe so at fast look: No
Look at the angle of red/green, Storch is close to 20 line, is colour of bar the same as higher time frame, where is support/resistance.
  • #72,255
  • Oct 13, 2016 2:25pm Oct 13, 2016 2:25pm
Quoting kain775
{quote} I am no expert, but personally I would not consider going long on H4 whilst TDI is strongly oversold [indicating a strong downtrend]
Thank you for sharing your thoughts.
  • #72,256
  • Oct 13, 2016 5:21pm Oct 13, 2016 5:21pm
Quoting emmanuel7788
EURUSD 10mins to H1 and H4 close... H1 C-Slope = 4 not good enough looking at P-Slope and current PA. {image}
These before trade examples great to see what you look for prior to a possible trade. Its always easy in hindsight! Thanks Emm
  • #72,257
  • Oct 13, 2016 5:50pm Oct 13, 2016 5:50pm
Quoting CptOrlando
{quote} Well, that is interesting because my chart looks really choppy but your chart shows things differently. My chart definitely shows consolidation with all the wicks on either ends. Edited to add in consolidation bits {image}

Great, thanks.

Do not trade in consolidation or near consolidation.
  • #72,258
  • Oct 13, 2016 5:51pm Oct 13, 2016 5:51pm
Sydney first 2 hours of trading are usually very quiet with low liquidity.
Tokyo will open in 2 hours time.
\
\
Look at AUDUSD, AUDJPY and EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: AU AJ EJ Oct 14 H1 SYD_2H.png Size: 61 KB

Pick the best looking pair according to TMS setup rules and try get that 15 to 20 pips every morning.

If Plan A fails, use Plan B.
If Plan B also fails then Plan C usually will work out.

Do you have the right mental strategy for this way of very short term trading?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,259
  • Oct 13, 2016 5:52pm Oct 13, 2016 5:52pm
Quoting mizi123
{quote} The price look's like ranging here on EUR/NZD, when you decide to chose a pair!
Do not trade in or near consolidation.

Thanks.

Patient...
  • #72,260
  • Oct 13, 2016 6:08pm Oct 13, 2016 6:08pm
Quoting Tekkies
Best cross ever {image}
Hi Tekkies, looking back quite a few bars, should be considered as consolidation as they all around a same level?

Beginner and trying to learn, please don't feel offended.

Thanks.
42 traders viewing now, 1 is registered:
H2U2