Trading Made Simple | Page 3690 | 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

  • #73,781
  • Dec 7, 2016 7:17am Dec 7, 2016 7:17am
Quoting bodal
{quote} Hi Pip29, I am very pleased to see your last posts because to be honest with you , I was a little upsed not to do it before as I found your charts difficult to interpret and your timrframe too quik (M15 LE1) ? I was sure that you were a good and interesting trader to follow but it was not compatible with me ! But now , that"s different : your charts areso clear , your style is complete and precise and your time frame is adequate for me ! Maybe I say that because I have been very impressed by Lilica" style and I follow her since a good time...
Hi bodal, I will try to keep it neat on this thread. I rarely post in Likica's thread for she trades the 30 min. As traders trade the 1h,4 h and daily here, I think it's best I post here. I wonder where she's been as she's gone awol
the cautious seldom err....C
  • #73,782
  • Dec 7, 2016 7:24am Dec 7, 2016 7:24am
I had gone long G/A as well based mainly on pa..there is ppa and the candles before were a pinbar showing rejection at the previous Swing low, followed by an inverted hammer and a bullish candle which closed above the pivot. I went long as soon as price cleared the pivot...let's see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 56 KB
the cautious seldom err....C
  • #73,783
  • Dec 7, 2016 7:30am Dec 7, 2016 7:30am
Quoting pips29
I had gone long G/A as well based mainly on pa..there is ppa and the candles before were a pinbar showing rejection at the previous Swing low, followed by an inverted hammer and a bullish candle which closed above the pivot. I went long as soon as price cleared the pivot...let's see {image}
In previous posts you have said about the importance of the h4 in trades on the lower timeframes. Have you changed the way you look at trades now? The reason I ask is because the last h4 on my platform was a very full bearish candle, would you not take that into account?
Success means going from failure to failure without loss of enthusiasm
  • #73,784
  • Edited 9:25am Dec 7, 2016 7:40am | Edited 9:25am
Yes, you are right. I often mention looking at H4 before entering a trade. The reasons I went long were mentioned in my post above. The pa on the H4 which will close at this hour is already showing a bullish candle rejecting the previous swing low..the previous h4 candle was also one without much lower wick..I consider it a clean shaven bottom candle and I learn from somewhere here in ff that one should be aware of clean shaven tops/bottoms on candles but this trade is based mainly on p.a...hope this little helps EDit: stopped out -73
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 51 KB
the cautious seldom err....C
  • #73,785
  • Dec 7, 2016 7:41am Dec 7, 2016 7:41am
Quoting pips29
Yes, you are right. I often mention looking at H4 before entering a trade. The reasons I went long were mentioned in my post above. The pa on the H4 which will close at this hour is already showing a bullish candle rejecting the previous swing low..the h4 candle was also one without much lower wick..I consider it a clean shaven bottom candle and I learn from somewhere here in ff that one should be aware of clean shaven tops/bottoms on candles but this trade is based mainly on p.a...hope this little helps
Thank you yes it does.
Success means going from failure to failure without loss of enthusiasm
  • #73,786
  • Dec 7, 2016 9:28am Dec 7, 2016 9:28am
Quoting okoso
{quote} Hi Nik, Thank you very much for commenting on my trade/chart. That trade went into a loser. First, my reasoning to take that trade were: As you pointed out, I traded the breakout of that Mother bar of inside bar, price closed over guppies and 5 EMA, with good TDI angle, PA was making higher high, there was also a hidden divergence. I knew there was a red news coming on AUD but that was 10 hours later. Second, lessons learned: I was buying into resistance on 1H and also D1, overall trend, Weekly and Daily were still down, below guppies, and...

Okoso,

Excellent post-mortem on your trade, unfortunately price stopped at the DOL and reversed. H1 is simply trickier to trade then h4/d1, but it is achievable as many have shown us in this thread and elsewhere on FF. It seems to me you are aware of all the factors that can affect your trade, keep reading, testing, and tweaking.

My advise is to create a checklist for all the conditions you require for considering a trade. The HTF rule within the checklist would have kept you on the sidelines for this trade. There will be a love/hate relationship with this checklist as occasionally it will keep you out of big winners, but remember the purpose of the checklist is not to find big winners, but rather to qualify a high probability trade within an established trend. Trust me, if you are trend trading the big winners will eventually happen (especially if your MM/Trade management is designed to catch big moves), but that is totally up to the market, all we can do is participate with low risk trade entries.

I'll post links to additional reading material within the thread from my laptop.

Green pips to you & keep posting charts ,
N.
  • #73,787
  • Edited 12:10pm Dec 7, 2016 10:24am | Edited 12:10pm
Quoting awm
{quote} I am a little confused; when I look through other traders charts it appears that not all are using Heiken Ashi candles or the APB which I understood to be the basis of this system. Am I correct? To be honest I placed the HA and APB on my charts and they looked a bit messy and confusing. I would be very interested to read anyone's comments on the above as I'd like learn more about the system. many thanks, awm
Awn,

Good observation.

HA/Apb's are an integral part of tms/5-method. They are designed to smooth the price (by using averaging), and among their many uses they are good at showing momentum/strength. Their main advantage is that due to their averaging of price, they smooth out retracements which often are the cause of prematurely closing a trade. Many traders, including BigE, prefer HA/Apb because they help keep emotions in check and therefore lead to taking larger chunks of a swing.

The limitation of HA/Apb is that they hide real price, and therefore PA (Price Action). Some traders have found that using PA along with Tms/5-method has improved their trading, and generally, the lower in TF you go, the more PA is considered important. Therefore, these traders chose to overlay Bar Charts (depicting actual price), over the HA/Apb's and thus they get both real price and Ha/Apb.

Choosing whether to integrate PA into your Tms/5-method trade plan is a personal choice.

Personally, when i began trading TMS i was a novice with PA, but i did believed in its utility and therefore overlayed Bar charts over Apb's. What i have found is that during the countless hours spent backtesting, forward testing, and actually trading, PA began to slowly sink in because i was able to fully observe it. Now PA is an integral part of how i trade.

Hope this helps,
N.
  • #73,788
  • Dec 7, 2016 11:09am Dec 7, 2016 11:09am
1086pip
Attached Image (click to enlarge)
Click to Enlarge Name: Picture1.jpg Size: 40 KB
  • #73,789
  • Dec 7, 2016 11:37am Dec 7, 2016 11:37am
Quoting saranga
1086pip {image}
Saranga,

What time frame did you use to take these trades?

Best,
N.
  • #73,790
  • Dec 7, 2016 12:15pm Dec 7, 2016 12:15pm
Quote
Saranga,
What time frame did you use to take these trades?
Best,
day h4 week
  • #73,791
  • Dec 7, 2016 12:32pm Dec 7, 2016 12:32pm
Quoting saranga
1086pip {image}
Those trades are still open are they?
Success means going from failure to failure without loss of enthusiasm
  • #73,792
  • Dec 7, 2016 12:33pm Dec 7, 2016 12:33pm
Quoting saranga
{quote} day h4 week
Hey saranga, you missed my post I think. Just wondering whether you can link your account to myfxbook so we can see the rest of your track record. Would be interesting to see
  • #73,793
  • Dec 7, 2016 1:58pm Dec 7, 2016 1:58pm
Quote
Hey saranga, you missed my post I think. Just wondering whether you can link your account to myfxbook so we can see the rest of your track record. Would be interesting to see
sorry mate it's privet
  • #73,794
  • Dec 7, 2016 2:01pm Dec 7, 2016 2:01pm
Quoting saranga
{quote} sorry mate it's privet
Why?

Just hide account value and let's see your entries and exits. What is the secret when you are so open and honest in this thread?

That is one thing I don't get about anyone on here. Why does no one link their account to myfxbook? But everyone posts hindsight trades and never show their trades when they take them.

No one is here to really help, just here to show off
  • #73,795
  • Dec 7, 2016 2:26pm Dec 7, 2016 2:26pm
Tell me please, what settings PAC?
Attached Image
  • #73,796
  • Edited 3:44pm Dec 7, 2016 2:36pm | Edited 3:44pm
Quoting TheRock
{quote} Why does no one link their account to myfxbook? But everyone posts hindsight trades and never show their trades when they take them. No one is here to really help, just here to show off
It may appear that no one calls trades in advance etc.. but in actual fact, in my personal case, I trade day TMS chart, I call trades in in our TMS group, we discuss every weekend, we have differing views etc. and that challenges us to think whether we really support our own trade views.

I wonder why you didn't join our group when this was open to everyone, maybe you missed my post invitation? (Thiabaut opened this group in may If I remember correctly, but last month I offered a chance for everyone/anyone to join)

Ensale.

P.s There's much to learn from in this giant thread and people around to help you. Learning any trade system is difficult at first but gets easier as you give it more time. As for saranga well I'll let him respond for himself...
It's in fear when people show what they truly value.
  • #73,797
  • Dec 7, 2016 2:56pm Dec 7, 2016 2:56pm
This is myfxbook https://www.myfxbook.com/portfolio/felipelive/1884345

I have no issues sharing

I also find very suspicious someone posting 1000 pips profits and refusing to share better data.

I've only started this week (Monday) so please bare with me

I also ran a London Quantum EA tonight, that's why I have so many open orders right now going against me. I probably should not have done that, but I am crazy! ahaha
  • #73,798
  • Dec 7, 2016 2:59pm Dec 7, 2016 2:59pm
Quoting ensale
{quote} It may appear that no one calls trades in advance etc.. but in actual fact, in my personal case, I trade day TMS chart, I call trades in in our TMS group, we discuss every weekend, we have differing views etc. and that challenges us to think whether we really support our own trade views. I wonder why you didn't join our group when this was open to everyone, maybe you missed my post invitation? (Thiabaut opened this group in may If I remember correctly, but last month I offered a chance for everyone/anyone to join) Ensale. P.s There's much...
Hey ensale, I would love to join your group as day trading would suit my lifestyle best. If there are still spaces available, please could you direct me to that post. Thank you
  • #73,799
  • Dec 7, 2016 3:09pm Dec 7, 2016 3:09pm
Quoting ensale
{quote} It may appear that no one calls trades in advance etc.. but in actual fact, in my personal case, I trade day TMS chart, I call trades in in our TMS group, we discuss every weekend, we have differing views etc. and that challenges us to think whether we really support our own trade views. I wonder why you didn't join our group when this was open to everyone, maybe you missed my post invitation? (Thiabaut opened this group in may If I remember correctly, but last month I offered a chance for everyone/anyone to join) Ensale. P.s There's much...
Hey Ensale, may I get an invite to the group as well? I am really enjoying trading TMS and would like to chat more about it with the group!
  • #73,800
  • Dec 7, 2016 4:08pm Dec 7, 2016 4:08pm
I am looking for this
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.eDaily.png Size: 82 KB
171 traders viewing now