Trading Made Simple | Page 3897 | 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

  • #77,921
  • Mar 21, 2017 12:49am Mar 21, 2017 12:49am
Quoting okoso
Hello fellow traders. I am looking at EA 4H trade. My 4H candle closes in about 30 minutes and it looks like we may have a TMS setup here. Pros for this trade are we have BUEB and as well as 3 bar reversal pattern at the most recent support in confluence with BRN 1.39. Cons for this trade are it is against both W1 and D1 and also price structure shows high-low, lower high-lower low. Anyone watching this pair? Okoso {image}
Hi, okoso.
I watched this pair too.
I agree with your statements. But I use Resistant of Daily chart. Confluence are resistant and PA. When yesterday's bar close below RL I joined the sellers.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 7 KB
There is no reason to trade if there is no reason to trade.
  • #77,922
  • Mar 21, 2017 1:03am Mar 21, 2017 1:03am
Quoting okoso
Hello fellow traders. I am looking at EA 4H trade. My 4H candle closes in about 30 minutes and it looks like we may have a TMS setup here. Pros for this trade are we have BUEB and as well as 3 bar reversal pattern at the most recent support in confluence with BRN 1.39. Cons for this trade are it is against both W1 and D1 and also price structure shows high-low, lower high-lower low. Anyone watching this pair? Okoso {image}
for me interesting thing is that near BRN 1.39 is a monthly line in my chart, we see the power of monthly lines/confluence with BRN. But this you will only see if you got a Big Picture in your mind...

regards
  • #77,923
  • Mar 21, 2017 1:05am Mar 21, 2017 1:05am
Quoting marionetka
{quote} Hi, okoso. I watched this pair too. I agree with your statements. But I use Resistant of Daily chart. Confluence are resistant and PA. When yesterday's bar close below RL I joined the sellers. {image}
yes, that my plan for EURAUD too, I'm waiting for a daily candle which breaks and closes under the BRN/monthly line, then this will look on TDI as a hook/bounce/etc

When wee look at AUDUSD then we see PA too at a SR-zone

regards
  • #77,924
  • Mar 21, 2017 1:12am Mar 21, 2017 1:12am
Quoting emmanuel7788
Trading Made Simple must also have Back-testing Made Simple. Here is what I did with a simple back-testing solution. {image}
HOW CAN I BACKTESTthis strategy on MT4? i have been trying but not working
  • #77,925
  • Mar 21, 2017 1:58am Mar 21, 2017 1:58am
Quoting nanacarter
{quote} HOW CAN I BACKTESTthis strategy on MT4? i have been trying but not working

do you use MT4 strategy tester?

what have you been trying that is not working?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,926
  • Mar 21, 2017 2:08am Mar 21, 2017 2:08am
Quoting emmanuel7788
For demo live trading practice Mar 20 H4 chart: Look at EURCHF gmt0650 candle will close at gmt0900. will that be a good setup using 5-Method and PAC as filter? there is double tops seen on H4, will that resistance hold? if it holds, then PA will react and we look for sell opportunity. but overall market is sideways quite narrow range., and we have higher low seen. {image}

EURCHF Mar 21 H4 update:

We saw how it tested the resistance and pulled back and make a higher low.
now price move again upwards and we shall see if this time it will manage to break higher.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF Week 12 Mar 21 H4 HL.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,927
  • Mar 21, 2017 3:05am Mar 21, 2017 3:05am
Quoting emmanuel7788
{quote} do you use MT4 strategy tester? what have you been trying that is not working?
Yes. I tried using MT4 strategy tester.
I don't know where to insert the TDI and the APB candle in the strategy tester.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot (1).jpg Size: 32 KB
  • #77,928
  • Mar 21, 2017 3:24am Mar 21, 2017 3:24am
Quoting nanacarter
{quote} Yes. I tried using MT4 strategy tester. I don't know where to insert the TDI and the APB candle in the strategy tester. {image}
You have a template with them on saved right? if you do once you start back testing and the data starts moving, right click on the chart and select the template you normally use.. that should work..
It's in fear when people show what they truly value.
  • #77,929
  • Mar 21, 2017 3:26am Mar 21, 2017 3:26am
Quoting nanacarter
{quote} Yes. I tried using MT4 strategy tester. I don't know where to insert the TDI and the APB candle in the strategy tester. {image}

you use your 5-Method basic template and save that template as a new template name "tester".

every time you start and run strategy tester, it will automatically load your currency chart and use this "tester " template.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,930
  • Mar 21, 2017 3:28am Mar 21, 2017 3:28am
Quoting ensale
{quote} You have a template with them on saved right? if you do once you start back testing and the data starts moving, right click on the chart and select the template you normally use.. that should work..

thanks ensale,

our posts crossed while we type at the same time....LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,931
  • Mar 21, 2017 3:39am Mar 21, 2017 3:39am
Quoting emmanuel7788
{quote} thanks ensale, our posts crossed while we type at the same time....LOL.
I looked to see if you we're here but then you appeared out of nowhere
It's in fear when people show what they truly value.
  • #77,932
  • Mar 21, 2017 3:40am Mar 21, 2017 3:40am
Quoting emmanuel7788
{quote} EURCHF Mar 21 H4 update: We saw how it tested the resistance and pulled back and make a higher low. now price move again upwards and we shall see if this time it will manage to break higher. {image}

Is EURCHF included in your Big Picture Groupings? or is this strictly an "on the side" trade?
  • #77,933
  • Mar 21, 2017 3:43am Mar 21, 2017 3:43am
Quoting Kopan
{quote} Is EURCHF included in your Big Picture Groupings? or is this strictly an "on the side" trade?

No, its not.
I only use this as an example to show how we TMS traders can learn to look at price action and support / resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,934
  • Mar 21, 2017 3:55am Mar 21, 2017 3:55am
Quoting emmanuel7788
{quote} I am watching this pair everyday... we have a 5-bars Swing Low PA.
Thanks Emmanuel, Deichkind, Swc, Marionetka for sharing your thoughts on EA trade set up. I didn't take that trade because I couldn't wait till the candle closed to do some of my day job duties. Had I taken that trade I could have been in +50 pips, lol.

Emmanuel, I have a question here. Yes you are right there is a 5 bar Swing Low PA, which my eye couldn't see until you told me so. But as I saw there were BUEB and also 3 bar reversal pattern, which are actually part of the 5 bar swing low pattern. Now my question is in such cases 5 bar pattern prevails 3 bar pattern? Is 5 bar pattern stronger than 3 bar or 2 bar reversal pattern? Is there any notion of confluence of price action like we have here?

Thank you for your help,

Okoso
  • #77,935
  • Mar 21, 2017 3:58am Mar 21, 2017 3:58am
Back-testing EA for TDI-cross:

go to this thread and use that EA by Xaphod.

https://www.forexfactory.com/showthread.php?t=349418

If you know how to read mql4 code, you cn nmake changes for your own backtesting conditions any way you want, any form you want, any how you want.

let that EA teach you which are the good cross and which ones are not good crosses to trade.

Do Not trade live using that EA. Just run that over the weekend when market is closed and practice, learn, tweak it, etc.

I did that for long time and coded my own back-test EA to count the number of trades, entry / exits with number of pips, etc.

Enjoy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,936
  • Mar 21, 2017 4:10am Mar 21, 2017 4:10am
EUR-USD Trade

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 126 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 123.JPG Size: 115 KB
  • #77,937
  • Mar 21, 2017 4:15am Mar 21, 2017 4:15am
Here is a test of how good some of you are at Price Action reading.

Look at this EURUSD H4 chart below , there was a super trade setup,
see if you can recognise that PA.

Big E was right when he said, look at big candles and small candles, but he never gave any names to patterns which is a common thing in PA trading.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 11 Price Action pattern.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,938
  • Mar 21, 2017 4:21am Mar 21, 2017 4:21am
Quoting okoso
{quote} Thanks Emmanuel, Deichkind, Swc, Marionetka for sharing your thoughts on EA trade set up. I didn't take that trade because I couldn't wait till the candle closed to do some of my day job duties. Had I taken that trade I could have been in +50 pips, lol. Emmanuel, I have a question here. Yes you are right there is a 5 bar Swing Low PA, which my eye couldn't see until you told me so. But as I saw there were BUEB and also 3 bar reversal pattern, which are actually part of the 5 bar swing low pattern. Now my question is in such cases 5 bar pattern...

a BUEB is a 2-bar pattern. A Doji bar cannot be counted.

in 3-bar reversal pattern, the bar#3 must close above bar#1, in your case, that was not a 3-bar pattern. usually bar#3 must be a thrust bar seen with momentum.

in a 5-bar reversal pattern, bar#5 must close above bar#1,

all these bar patterns can be programmed into a pattern recognition indicator to make our trading life easy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,939
  • Mar 21, 2017 4:33am Mar 21, 2017 4:33am
Quoting baidovich
EUR-USD Trade {image} {image}
Hi baidovich.
I look this pair too. But I didn't enter.

I see MC-bar since Friday and Monday in this MC. MC is consolidation area. And in consolidation area we can't trust TDI.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH42017-32-21.png Size: 53 KB
There is no reason to trade if there is no reason to trade.
  • #77,940
  • Mar 21, 2017 4:45am Mar 21, 2017 4:45am
Looks like I could possibly getting the hang of this. Well I had to add pivots a day round numbers but hey every little helps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20170321-094229.png Size: 169 KB
Click to Enlarge Name: Screenshot_20170321-094220.png Size: 291 KB
41 traders viewing now