Trading Made Simple | Page 5103 | 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

  • #102,041
  • Mar 27, 2020 4:00am Mar 27, 2020 4:00am
Quoting DrDave
{quote} It MUST be hocus-pocus, because you don't have stochastics to confirm! If no confirmation, it MUST be magic! {image}
Look careful, it is there and it is invisible.
  • #102,042
  • Mar 27, 2020 4:04am Mar 27, 2020 4:04am
Quoting Tekkies
{quote} Uit watter bus het jy geval?
Geen Afrikaans hier nie!
To free Gazans of Hamas, use whatever it takes.
  • #102,043
  • Mar 27, 2020 4:07am Mar 27, 2020 4:07am
Quoting Tekkies
{quote} Look careful, it is there and it is invisible.
Ohhhhhh, the mysterious HIDDEN STOCHASTICS indicator! Sorry I missed that. I did not have on my HIDDEN INDICATOR FINDER glasses.
To free Gazans of Hamas, use whatever it takes.
  • #102,044
  • Mar 27, 2020 4:11am Mar 27, 2020 4:11am
Quoting Tekkies
What is so difficult to understand? Pick: - those with the angle above / below 2 / 4 - skip the chart's that show consolidation, price against support/ resistance You can even trade all of them when TDI crossover in any of those pair's. The winner's accede the losers by far. GBPJPY gave a signal, will you place a sell order with those bar's in consolidation, with London open in 15min. Rather wait and see what happens after London has open. {image}
C'mon man! That would take a MAXIMUM of 15 minutes to look at all of those charts and make a decision. Who has that kind of time to take away from his day job, especially when he is sitting at home due to the corona virus restrictions?
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #102,045
  • Mar 27, 2020 4:56am Mar 27, 2020 4:56am
Correct me on these entries if I'm wrong!! Please
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-03-27_15-04.jpg Size: 265 KB
Click to Enlarge Name: 2020-03-27_15-05_ICMarkets-Demo(2).jpg Size: 244 KB
Click to Enlarge Name: 2020-03-27_15-05_ICMarkets-Demo.jpg Size: 241 KB
Swimming with sharks!
  • #102,046
  • Mar 27, 2020 5:00am Mar 27, 2020 5:00am
I think this indicator will easy your work try it!
Attached File(s)
File Type: ex4 Symbol changer profit display v4.ex4   34 KB | 333 downloads
Swimming with sharks!
  • #102,047
  • Mar 27, 2020 9:08am Mar 27, 2020 9:08am
Quoting Tekkies
Did you try and use a TDI with a alert function?
As long as i can remember it was YOU who told me that any alert function for the TDI will be useless?

I think the main reason you gave was it will be "to late" to indicate for example a valid TDI cross over for any M15 chart.

Further even if you can present a working TDI cross over alert to me it would only covering maybe a 10% of whats important before placing any trades?

Can you explain to me how it should make my life as a manual trader any easier having such simple cross over alerts for maybe every 15 Minutes on multiple different currency pairs or other instruments.

So you end up getting lots of M15 alerts telling you to come to your charts and analyse each of them again from the scratch because the cross over on its own is useless as a main entry criteria IF NOT checked a dozens of different other rules AFTER that.

Like mentioned a couple of posts ealier personally i think it would be only beneficial if those alerts would combine at least 80% of the other main important technical or non technical rules. What does a simple cross over alert help if you still have to analyse each on its own if 10 other conditions are met or not? It would be no big dfifference than forcing my eyes to look at the charts for many hours every day without such half cooked alerts.

Worst thing is that you almost have no chance of following some strict trading rules in a routine day in day out. You will always end up taking trades more like random and you never able to give a summary for your trading success. How do you want to say TDI or any of the subjective rules otherwise gave you success or maybe even only your good money/risk management is what made the difference of protitable or non profitable results in the end?
  • #102,048
  • Mar 27, 2020 11:48am Mar 27, 2020 11:48am
for closing to end market I closed my orders at audchf

with -6 pip

and +75 pip

+69 pips

Attached Image (click to enlarge)
Click to Enlarge Name: results.JPG Size: 49 KB
  • #102,049
  • Edited 12:49pm Mar 27, 2020 12:37pm | Edited 12:49pm
Quoting lddd
{quote} As long as i can remember it was YOU who told me that any alert function for the TDI will be useless? I think the main reason you gave was it will be "to late" to indicate for example a valid TDI cross over for any M15 chart. Further even if you can present a working TDI cross over alert to me it would only covering maybe a 10% of whats important before placing any trades? Can you explain to me how it should make my life as a manual trader any easier having such simple cross over alerts for maybe every 15 Minutes on multiple different currency...
Yes, true did told you that.
That was then, now with better understand due to DrDave's advice about 10 pips a day, you don't have to be that much on time.
You still need to try and catch the "crossover bar" close at bar open.

Your reasoning does not make sense Iddd.
One sentence you say this: useless as a main entry criteria IF NOT checked a dozens of different other rules AFTER that
Next sentence: beneficial if those alerts would combine at least 80% of the other main important technical or non technical rules

"It would be no big difference than forcing my eyes to look at the charts"
Why is that? It does not take even one minute of my time looking at nine chart's,
because I have been practicing since Nov 2016 on one chart one trade, since Aug 2019 one trade, two chart's

"You will always end up taking trades more like random"
No, you are wrong, TDI green angle (above / below 2 / 4, no trade between 2/4) ensure a uniformity for all trades placed.

"you never able to give a summary for your trading success"
Right back where we started. You want me to ensure you are successful with TMS with my trading success.
There is a reason why brokers have this somewhere on document's:
Past performance is indicative of future results

Look Amira. She took what she wanted out of what was posted. Made a effort to understand what she took. Now she can only go forward.
You on the other hand are still complaining about the you complained two years ago.
  • #102,050
  • Mar 27, 2020 1:56pm Mar 27, 2020 1:56pm
Quoting Tekkies
{quote} Yes, true did told you that. That was then, now with better understand due to DrDave's advice about 10 pips a day, you don't have to be that much on time. You still need to try and catch the "crossover bar" close at bar open. Your reasoning does not make sense Iddd. One sentence you say this: useless as a main entry criteria IF NOT checked a dozens of different other rules AFTER that Next sentence: beneficial if those alerts would combine at least 80% of the other main important technical or non technical rules "It would be no big difference...
These are no complains.

I just explained to you what is not working for ME when it comes to following these trading rules, strategy, system or what ever you want to call it.

Now i gave you a list with all that. You cannot reject all these subjective elements and it’s okay if it can’t be made any simpler than that but you keep your focus on the TDI and these few more rules you added for your self or maybe given by the OP and make your posts here sound like that’s the holy grail for success, how easy it is, TDI is king and so on.

Now making 10 pips a day is suddenly the big game changer and some alerts which are working suddenly as well.

If it’s a one minute thing to you to check all the other rules against the chart you are trading once you get such alerts. Well good for you, but what if I can’t do that?

Thats why I asked for some real practical help like a more complete trading plan/rules you can actually repeat even if that means following just one market for a given time frame at a time for at least a month or so. The TDI and some basic alerts or not is no real help to me if you still have to look for support or resistance for e.g, check if the market condition it self is even favorable or not, check a higher time frame or not, check for even more. If I would still have to do all that manually I can also enter the trade even without looking if two lines crossed now or not? That’s what I mean, where is the advantage here or making things any simpler?

Give me some strict rules I can follow and repeat every day without having to draw or guess work on a chart what or what not market condition or support or resistance might be in my eyes. This is all totally subjective. I want the strategy / trading plan to clarify all this subjectivity in advance.

If i would still need to draw or guess around on a chart after I get the signal I don’t need any signal at all because I then could simply enter on what price action I see at that point, why should I then still want to put something on my chart like a TDI only calculated something happened in the past... (as you said, previous success is no guarantee for further results and so on...)
  • #102,051
  • Mar 27, 2020 5:37pm Mar 27, 2020 5:37pm
Quoting lddd
{quote} These are no complains. I just explained to you what is not working for ME when it comes to following these trading rules, strategy, system or what ever you want to call it. Now i gave you a list with all that. You cannot reject all these subjective elements and it’s okay if it can’t be made any simpler than that but you keep your focus on the TDI and these few more rules you added for your self or maybe given by the OP and make your posts here sound like that’s the holy grail for success, how easy it is, TDI is king and so on. Now making...
"I want the strategy / trading plan to clarify all this subjectivity in advance."
Keep on dreaming Iddd, you are looking for a needle in a haystack.
---
Try this:
#8703.......... I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again.............
  • #102,052
  • Mar 27, 2020 5:41pm Mar 27, 2020 5:41pm
Anyone who claims that the TDI is Holy Grail is a LIAR!

Quoting eelfranz
Novice198... Just look at the charts I've posted over the last 15 pages... If your not inspired by now with all the info & charts I've shared... Then obviously it doesn't fit you. Keep searching for a system that fit's your needs. I have no need to convince anyone here to trade one of these methods discussed... none are the Holy Grail ! I know what works for me and I've tried to share it here. Take it, leave it or continue your search is my humble advice...

Novice198...

Just look at the charts I've posted over the last 15 pages... If your not inspired by now with all the info & charts I've shared...

Then obviously it doesn't fit you. Keep searching for a system that fit's your needs.

I have no need to convince anyone here to trade one of these methods discussed... none are the Holy Grail ! I know what works for me and I've tried to share it here. Take it, leave it or continue your search is my humble advice...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,053
  • Mar 27, 2020 5:53pm Mar 27, 2020 5:53pm
There is no HOLY GRAIL in trading.

Learn from the experience of other traders in both threads.

#8706 below by aggravator87
-----------------------------------------------------
Thanks to the contributors of this thread. I just want to post my views on this system and also differentiate it from the original Dean Malone's CompassFX system. I hope this won't offend anyone who has devoted hours trying to achieve better results using the TMS method. I want to share with you honestly what I think works better than what really doesn't work according to my trading approach. Some might say that I have no FF experience due to my posts number but I'd rather stay sidelined and read everything I need to know.This thread grabbed my eye and then I came across Dean Malone tutorials which helped me to discern his method and this one. My decision to write this post is to contribute at least with my simple knowledge and humble experience. What I mean is ,

I think this method has a general fundamental flaw because:

1. It uses 4hour charts which give more sliggish information than lower timeframes ones. 4h charts at this time of the year when traders are starting their holidays(less volatility) are risky overall pictures of the market. Often times,not always you may find that a buy/sell order was taken on a 4h chart when a 15 min chart of the same cross shows a countermove. If the last one goes along with a major news this 4hour trade looks broken from its start while you might have had time to prevent this if you had switched earlier to the lower 15 min tf.

2. it uses one instead of two 5 MAs(smoothed high and smoothed low) which act as a shield against rangebound market activity as we saw this week chf/jpy, eur/jpy and aud/jpy price action. Break above or below those two MAs could be considered a valid entry signal in accordance with the other indicators' parameters.
Break above or below a single line gives an account of two market conditions - uptrend or downtrend. Reality is different - there is one more market condition - consolidation. Then comes the two 5 MAs which prevent from entering when traders don't know what would happen next and price stays in the "channel" between the averages.

3. The original TDI indicator uses not two(green and red) but five (green,red,yellow and two blue) lines. I don't understand what's the point of not using the yellow one which gives the average of the green and red ones. Green break above the yellow,red and 50 lines are logical decision of the marketplace to head north and vice versa for the south.

4. I don't understand what's the point of arguing how much was the TDI indicator's green line angle - was it 4.5 or 5 or 5.5... as this only shows market's trend strength not the duration of it as we all know that a trend is a consistent price move in one direction.

Once again these are my thoughts made from experience. I don't want to offend anybody by this but only to get this discussion to a more thorough understanding based on extensive research.

-----------------------------------------
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,054
  • Mar 27, 2020 6:01pm Mar 27, 2020 6:01pm
Quoting emmanuel7788
{quote} EURUSD Mar27 Daily PA HA candle closes above 5EMA. Note the price from its 5EMA and the slope of the 5EMA... its a bonus. Stoch cross 50-level RSI(13) of the TDI cross 50-level New trade open today and will close all by London session close today no matter what happens. As usual I will add-on positions based on the price action during the day. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Mar 27Daily trade 27-3-2020 7-04-43 am.png Size: 50 KB


EURUSD Mar 27 Daily trade closed.

Plan your Trade, Trade your Plan.

I closed both positions after London session closed. Took +128pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Mar 27 Daily trades closed 28-3-2020 6-12-27 am.png Size: 55 KB


Rule#1 : The market pays you to be disciplined.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,055
  • Mar 27, 2020 6:11pm Mar 27, 2020 6:11pm
Quoting TrendyTrade
{quote} Hi folks. I haven't checked the whole thread for updates on the Indicators and Template for this strategy. I'm also not sure what settings were used on the TDI. For simplicity I've left out the Stochastics. The template should look like this: {image} The Indicators and Template are attached below. Regards, TT {file} {file} {file}

The updates by the OP are in Post#1.

Nothing has changed over the years.

The OP' 5-Method still the same as he had laid out using his template and follow simple rules in his Post#261.

When you remove the Stoch(8,3,3), you also will not be able to trade many trade setups where you can enter a trade during APB/HA candle#1 (...aka dynamic entry).... AGGRESSIVE entry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,056
  • Mar 27, 2020 6:54pm Mar 27, 2020 6:54pm
Quoting dannyrod01
Hi all, New here. Is there any post that has the full system step by step?
Quoting emmanuel7788
{quote} Question: Is there any post that has the full system step by step? Answer : NO simple question requires simple answer
After my simple answer to that simple question asked, I now have more time as the markets are closed.

First an foremost, Trading Made Simple is NOT a system. This thread is about the trading journey of the OP Eric Franz aka Big E who started in 2008 like most forex trading newbie and he journeyed through several systems and methods and he developed his own new methods by blending components of other systems/methods to create new ones.
Know the TMS history and you will learn a lot from the OP and when you have mastered the 5-Method, you can then move on and develop your own trading system following how he did his. Many traders have moved on to trade their own systems.


Below is a quick start summary:

Introduction to Trading Made System

Trading Made Simple for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110

Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,

After months of postings and answering many frequently asked questions FAQs in his old thread,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432

In Post#1, he explained how he traded the H4 10PM, 2AM and 6AM candles on his H4 chart timeframe and he also traded the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template Post#25

When you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHS thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new system.

Recommendations:
Read all of Big E posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.

Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.

Important to Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

Another thing to take note is : Big E was a rule-based discretionary trader. According a study by Dr. Van K Tharp, this type of traders are the best traders. Do some research on yoour own and see if Dr. Van Tharp is right.

Enjoy and Have fun during your learning journey..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,057
  • Mar 27, 2020 7:37pm Mar 27, 2020 7:37pm
Quoting emmanuel7788
the markets ''mini bulls'' are back {image}

Market Indices
Attached Image (click to enlarge)
Click to Enlarge Name: Market Indices Mar 27 Closed 28-3-2020 8-32-30 am.png Size: 67 KB


looking at this week's market performance, those 'mini-bulls' ran out of steam quite quickly and this reminds me of this old story.

if you chase the "small baby bears" ... watch till the end of this video for the "answer".

Inserted Video


I am long term BEAR about the markets.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,058
  • Mar 27, 2020 8:14pm Mar 27, 2020 8:14pm
Quoting Tekkies
{quote} "I want the strategy / trading plan to clarify all this subjectivity in advance." Keep on dreaming Iddd, you are looking for a needle in a haystack. --- Try this: #8703.......... I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again.............
Are you serious?

------------
\Try this:
#8703.......... I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again.............

----------------

That's gambling ...

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,059
  • Mar 28, 2020 1:30am Mar 28, 2020 1:30am
Here we go again:
I rest my case Your Honour

Post 102,054 Where is TDI mentioned in that post? Only methods are mentioned therefor none of them are the Holy Grail.
Post 102,055 a Beautiful case of double standard.
aggravator87 has posted 28 post, Proway has posted 1 post. Post 16,697
Take note: Any method, indicator, candle bar pattern, can become your "Holy Grail. For the simple reason that you understand it, know how to use it, being used by you for a very long time.
Post 102,057 Last sentence "When you remove the Stoch(8,3,3)" How many post's by are made by the member where TDI and Stoch must be removed
Post 102,058 That post is not the same as Post 16,731 But do not mix the rules of other systems into TMS..."
  • #102,060
  • Mar 28, 2020 1:33am Mar 28, 2020 1:33am
Quoting emmanuel7788
{quote} Are you serious? ------------ \Try this: #8703.......... I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again............. ---------------- That's gambling ... https://www.youtube.com/watch?v=7hx4...dlfamo&index=1
State your reason's why it is a gamble.

Here is my reason to Try this: post#8703
Attached Image (click to enlarge)
Click to Enlarge Name: whtnoroe.PNG Size: 78 KB
29 traders viewing now, 1 is registered:
RezaMaulana