Already through sixty sumtin pages. (And still reading i intend to finish it I promise.) And I understand the strategy. Just want a live example of what has worked most o the time.
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Monitor for 'Trading Made Simple' system 144 replies
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Here's my chart - I use the TMS Watchdog with all settings on defaultIgnored
Can i have your indi. which shows all currencies strength like on your chart Aud 6.9 etc please? That is i think very useful in determining our trades.
Thanks in advance , sir.Ignored
So that we do not pollute this thread with non TMS stuff - please visit my thread and check out the attachments posted on Jun 17 2012 - I also have a bunch of stuff based on the day charts - refer to post #1.
Everything is based on Big E's approach with some tweaks and additional approaches over lain on the TMS.
The things i find difficult in this trading method is not the method in itself it is everything else. I know the thread starter made it sounds easy in the beginning but there are more, more then just the indicators thare are for example support and resistances to consider and things like that. Or is there anyone just trading it simple way disregard everything but the indicators ?
The next question is, where is the eur/dol heading next week? Here it is Friday afternoon,
the daily tdi is basically at level 32. Eelfranz would say that he loves to trade "long"
when the daily tdi is at level 32. We have all weekend to ponder that question...hmmm.
It has nothing to do with fibs, s/r, news...it has everything to do with the daily and
the tdi. With this system don't go against the 4 hour and daily tdi readings. Maybe
the Asia session will clear up the tea leaves for us on Sunday night?
This is like chess....Ignored
The best advice that I can give everyone is to go into the history and read/study everything
that Eelfranz has written about the TMS system. Eelfranz was very educated and came up
with a great system. Don't make it harder than it is. Remember it is called Trading
Made Simple for a reason. Don't out guess yourself just go by the TDI on the
4 hour and daily charts. Especially the daily chart. Give yourself a fighting chance
and study what Eelfranz was saying...
[color=DarkRed]I read the PDF from http://www.forexfactory.com/showthre...75#post5463775 and found that a lot of what E said started to get more and more discretionary in nature, as one would expect as you get more comfortable with your particular edge. I'm trying to wind it right back to the basics.
Babyboy's post highlights the particular problem I'm seeing, in that the TDI cross indicating short has appeared in the Asian session, which E said is usually not good to follow because of lack of direction. But going right...Ignored
Actually today morning when i look at the charts, there are several pairs has a huge gap during the after asian opening.
The event takes place during weekend.Ignored
Hmmm it's funny how you can look at two sets of charts and see two different things each time. I see that most of the Asian TDI crosses are after weekends, and the rest are London crosses. I don't see many set ups though, maybe like 1 or 2 a fortnight? Is that about right? I mean Big E used to say that he made 250-500 pips a week watching those 3 London candles, I don't see that much but I do see that the 1 or 2 a fortnight were big moves, and I don't think he ever said he traded EVERY night, just looked for setups every night
I strongly believed that BigE entry was 2hrs before the london open. ( 10pm Before he goes to bed ). Subsequently 2hrs after
london open. ( 2am. He wakes up and check the result, then go back to sleep ) eventually closing all trade before NY open which
is 3hours before London closed ( 6am. This is his wake up time i guess )Ignored
Yes those are the candles I trade too, my broker creates them at the same times.
Nicely done yesterday, was that long on EU, because I notice it made a big reversal in NY.Ignored
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