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Trading Made Simple

  • #15,661
  • Feb 28, 2013 9:49am Feb 28, 2013 9:49am
Snarlyjack:

Thank you so much for the information input regulate my schedule, I'm starting in the market but practice more and I'll have a lot of progress.

Have a good weekend
  • #15,662
  • Feb 28, 2013 4:01pm Feb 28, 2013 4:01pm
Quoting snarlyjack
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...

snarlyjack
Hello again Snarlyjack, ive read that with this system you should stick to the time frame you are trading I think I also read somewhere where you said so yourself but ive been using the 1hr time frame as a window into the future of the 4h time frame and for most of the time it seems its correct. but this has led me to target very little pls could you advise me? I should grow some b*lls and trade it the way it should be traded or I should continue with what Im doing?
  • #15,663
  • Feb 28, 2013 4:18pm Feb 28, 2013 4:18pm
Wnabo,

Ok...I started on the 5 minute chart then went to the 15 minute then to the 30 then
the 1 hour charts. For me, I didn't start making serious money entil I went to
the 4 hour/daily charts.

Big E talked me into the 4 hour charts and at the time I remember it took a
hugh leep of faith. I kept thinking to myself this guy is setting his trades
at night on the 4 hour charts then going to bed! Wow... he must be crazy.
But one night I said what the hell. I set my trade, put in my emergency
stop loss and went to bed. When I woke up in the morning I was like
$500.00 in profit. I've been hooked ever since. It takes some faith
and practice but it's a hugh money maker. Some nights/mornings are
better than other's but I take what the market gives me.

So keep the faith. Try it, see how it works for you. Remember
every day is different. We have faith in you and your abilities. Start
small and work your way up...

snarlyjack
  • #15,664
  • Mar 1, 2013 1:40am Mar 1, 2013 1:40am
This method is simply as the thread NAME says.

Now, I got to go back and study some more before I start demoing.
I still havent finish the whole thread ... 1k pages...

Just cant wait to put my silly fingers on the trade again ....

Thanks Snarly...
Banker please return my pipins.
  • #15,665
  • Mar 1, 2013 3:09am Mar 1, 2013 3:09am
Hey all,

thanks again a ton for all your replies. I'm currently not looking at all at res/support lines, fib lines, or much else. I just got the TDI and the RSI on my charts, using the settings posted in the early posts of this thread. Just trying to keep it as simple as possible and hoping that it'll work.

Two more came up though!


Quoting snarlyjack
jnkarlos,

My time in Montana
the 4 hour candles change at (1:00 a.m., 5:00 a.m. 9:00 a.m., 1:00 p.m., 5:00 p.m.
9:00 p.m.) then it cycles back through the rotation.
Am I understanding you correctly, are you checking EVERY 4 hour candle? From what I gathered BigE only traded during the London session. Are you checking every 4 hour candle (assuming you are awake and not sleeping)? How is that working out for you?

Secondly, what currency pairs are you all trading? Again, I think BigE mentioned E/U, G/U, E/J, U/C, A/J, A/U, E/G, and U/J. Are you all also looking at other pairs?

Thanks again for your help and happying trading!


Mike
  • #15,666
  • Mar 1, 2013 4:12am Mar 1, 2013 4:12am
My personal opinion, but in your daily pre-market routine (which you should have!), it doesn't take too much effort to not down key areas of support and resistance, a horizontal line here and there will give you a heads up to any possible areas where the momentum will slow.

And I'd say you can trade all candles, but the ones where you have the most volatility are usually going to be the ones that give you your good signals. And as for pairs, trade as many as you want. You can focus super hard on maximum profits with 1 or 2 pairs or only take A+ trade setups over several pairs. Most beginners prefer to start with the GBP/USD and the EUR/USD because they have predictable volatility with the London breakout

Quoting Mike1981
Hey all,

thanks again a ton for all your replies. I'm currently not looking at all at res/support lines, fib lines, or much else. I just got the TDI and the RSI on my charts, using the settings posted in the early posts of this thread. Just trying to keep it as simple as possible and hoping that it'll work.

Two more came up though!




Am I understanding you correctly, are you checking EVERY 4 hour candle? From what I gathered BigE only traded during the London session. Are you checking every 4 hour candle (assuming you are awake and not...
  • #15,667
  • Mar 1, 2013 7:02am Mar 1, 2013 7:02am
Quoting Babyboy
This method is simply as the thread NAME says.

Now, I got to go back and study some more before I start demoing.
I still havent finish the whole thread ... 1k pages...

Just cant wait to put my silly fingers on the trade again ....

Thanks Snarly...
Hi I just come back to this tread last week and found that it's still active. Thinking of starting back this method. Can i know which broker you subscribe to because my current broker has high spread 2 pips for EUR/USD and 4 pips for AUD/USD
  • #15,668
  • Mar 1, 2013 8:56am Mar 1, 2013 8:56am
Hello Guys, Bomi in Houston, Tx. I am sticking to this simple system by late Alfranz. I am short in gbp/jpy at last 4 hr. tdi.
short at 139.25 TP at 138.22. Good Luck all. Lets see how it plays during us session!!
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  • #15,669
  • Mar 1, 2013 9:10am Mar 1, 2013 9:10am
Ok...first things first.

It was very unfortunate for us (Forex Factory) that Eelfranz died. Eelfranz was a great trader and teacher
but he had diabetes and it caused him alot of trouble. So were here kinda picking up the peaces. I
miss Eelfranz and I'am trying to help his name and my fellow traders. But I'am not as good a
teacher as Eelfranz. But I'll try to help.

Eelfranz and I live on the west coast of the U.S.A. and we were staying up all night to trade the
London session. It would be 2:00 a.m., 3:00 a.m., 4:00 a.m. at night for us and we kinda
looked around and said this is crazy. Thus TMS was developed on the four hour charts so we
could sleep.

But guess what...It turned out to be very profitable. (Who knew...). I've been trading this method
(mostly but not 100% of the time) for the past 5 years. I have tried other systems that peaked
my interest but they didn't make as much money and they required me to stay up all night
and trade them. Thus I always ended back here at TMS. Cause I like to sleep durring my
normal sleep patterns and I like to make a lot of money...So here we are again...

snarlyjack
  • #15,670
  • Mar 1, 2013 9:27am Mar 1, 2013 9:27am
Ok...

The reason that we didn't put any fib lines on the chart is because we ended up sleeping through
them anyway, so why put things on your chart if your not going to use them. We ended up
stripping the chart down to the very basic's. Not cause all that stuff isn't pretty, but when
your asleep your not going to use it. It turned out the more we stripped off our charts the
more money we made (who knew ...). So the light bulb started to come on and more money
rolled in. Walla...very simple trading system that is very profitable and stress free. The
light bulb of very simple charts. Almost "naked" trading. So I only have 3 things on my chart.
The TDI indicator, Synergy APB, and the 5 ema shift 2 (typical h/3). That's it. But it is
a very profitable way to trade. And my #1 way to trade

snarlyjack
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  • #15,671
  • Mar 1, 2013 9:42am Mar 1, 2013 9:42am
Ok...

So I just liquidated out of my short position on the eur/dol. It's Friday morning
(8:30 a.m.) my time. The reason I liquidated out is I'am up 65 pips from last night
(65 pips x $10.00 a pip = $650.) trade. I don't want to go into the weekend
holding my position and I just want to take the money and run.

The TDI is "The King" in this method. Currently it is setting on the 32 level, could
go down more, but it's starting to get oversold. I need to get out. It's Friday
morning, weekend is coming up, I'am up $650.00, Tdi is starting to get over
sold. And I wanna play... Sounds like good reasons to me...It has nothing
to do with fib lines or take profit levels. As a matter of fact I think the
eur/dol is going down somemore but I've got things to do and places to go.

snarlyjack
  • #15,672
  • Mar 1, 2013 10:07am Mar 1, 2013 10:07am
Here we go...

I take what the market gives me. Most of the time I'am profitable (80-85%).
Sometimes I take a small loss but not a overwelming loss. I put in a emergency
stop loss in case the internet goes down or the President's airplane goes down.
And play the probalities with the trend.

When I was looking for a system to trade. I wanted something simple that I
could understand. That was very profitable. I wanted to be able to fund myself
in whatever I wanted to do with the least amount of hassle. I wanted to play and
not sit in front of a computer for the rest of my life. I wanted to ride my
motorcycle and take trips and have a good time. I liked forex but I also wanted
a great life. If that is what you want, learn TMS. Go into the history and read
everything that Eelfranz wrote. Practice the system entil you feel very comfortable
with it. Then go for it! I'll try to help you but remember I have a life also...

snarlyjack
  • #15,673
  • Mar 1, 2013 12:19pm Mar 1, 2013 12:19pm
Quoting NimbusFx
Hi I just come back to this tread last week and found that it's still active. Thinking of starting back this method. Can i know which broker you subscribe to because my current broker has high spread 2 pips for EUR/USD and 4 pips for AUD/USD
Hello.you can try pepperstone,iht has been very good for me.
  • #15,674
  • Mar 1, 2013 12:49pm Mar 1, 2013 12:49pm
I do not know if these PDFs are here, They were compiled from another thread using the TMS TDI method. These are a compilation of PHx62s charts and comments, they will help greatly as he has been trading the TMS method since eelfranz started it. His comments and observations have proven to be priceless.

Hope they help some one. Good Luck.
Attached File(s)
File Type: pdf Phx62 study I.pdf   6.2 MB | 3,632 downloads
File Type: pdf Phx62 study II.pdf   4.9 MB | 2,639 downloads
Cut your Losers short and let your Winners run.
  • #15,675
  • Mar 1, 2013 1:44pm Mar 1, 2013 1:44pm
Everyone,

PHx62s is a excellent trader! I would suggest that everyone read and study both
of PHx62s pdf files. Their is a lot to learn there and some excellent examples.
Thanks for posting these dee50. It is much appreciated. This is such a great system...

snarlyjack
  • #15,676
  • Edited 11:17pm Mar 1, 2013 6:42pm | Edited 11:17pm
Quoting snarlyjack
Ok...first things first.

It was very unfortunate for us (Forex Factory) that Eelfranz died. Eelfranz was a great trader and teacher
but he had diabetes and it caused him alot of trouble. So were here kinda picking up the peaces. I
miss Eelfranz and I'am trying to help his name and my fellow traders. But I'am not as good a
teacher as Eelfranz. But I'll try to help.

Eelfranz and I live on the west coast of the U.S.A. and we were staying up all night to trade the
London session. It would be 2:00 a.m., 3:00 a.m., 4:00 a.m. at night for us...


I took my first trade of EJ based on TDI after the 3rd hourly candle closed of NY open and its running in 60 pips profit, your method is really simple and superb, Thanks Eelfrenz............
  • #15,677
  • Mar 2, 2013 1:06am Mar 2, 2013 1:06am
Quoting snarlyjack
So I just liquidated out of my short position on the eur/dol. It's Friday morning
(8:30 a.m.) my time. The reason I liquidated out is I'am up 65 pips from last night
(65 pips x $10.00 a pip = $650.) trade. I don't want to go into the weekend
holding my position and I just want to take the money and run.
Snarlyjack, as I understand it you place your stop loss at the prior LL or HH. Do you use a fixed take profit or do you only exit when the TDI starts to go flat or is hooking over? Are you using a trailing stop?

And if you see more than one good setup do you enter multiple trades or just focus on one?
  • #15,678
  • Mar 2, 2013 2:11am Mar 2, 2013 2:11am
usdtrader,

I just happen to be up and looking at my charts so I'll try to give you a good answer.

First of all I have to back track a little. I've been trading this system for a long time.
And I've developed a "feel" for the market. I trade the eur/dol and mostly by
price action using the tdi as conformation. I like "time" trading. In other words
place your trade at night (12:00 a.m.) and liquidate out about 8 hour later. (2 four
hour synergy bars) Remember that synergy apb will run 3-5 bars then change direction.
I'll exit in the morning when I get up or sometimes I'll switch to the 1 hour chart
(n/y time) and try to fine tune the exit. N/Y starts to range after a couple of
hours. So I'll be looking at time or the tdi starting to hook or I want to protect
my profits and just liquidate out.

I don't use a trailing stop. I only use a emergency stop. I've found that trailing stops
will get hit (take you out) then continue in your direction. I've lost a lot of money
using them so I quit using them. You also want to focus on synergy apb. On average
they will run 3-5 bars then turn color. I will only place a trade on candle 1 or 2. (best is 2).
Maybe candle 3 but not often. Candle 3,4,5 is higher risk.

Hope I helped you...

snarlyjack
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  • #15,679
  • Mar 2, 2013 2:28am Mar 2, 2013 2:28am
Quoting snarlyjack
usdtrader,

I just happen to be up and looking at my charts so I'll try to give you a good answer.

First of all I have to back track a little. I've been trading this system for a long time.
And I've developed a "feel" for the market. I trade the eur/dol and mostly by
price action using the tdi as conformation. I like "time" trading. In other words
place your trade at night (12:00 a.m.) and liquidate out about 8 hour later. (2 four
hour synergy bars) Remember that synergy apb will run 3-5 bars then change direction.
I'll exit in the...
Hi snarlyjack,
I read your previous posts.
You said that you follow the trend and never counter trend.
With apb bars on chart how to detremine trend?
and when you will confirm that the previous trend has reversed??
Do you use some kind of moving average to filter your entries (like 200ma or 60ma ) or you just watch the tdi ??
Because if i enter every tdi cross on 4hour chart,I see a lot of crosses but some of them(mostly counter trend ones ) get whisawed, when will i know exactly to enter??Im currently using a 60ma as filter. If bars are below 60ma then only take short trades and vice versa.
Please can you answer my questions , It would be very helpfull to me .
Thank you.
  • #15,680
  • Mar 2, 2013 2:52am Mar 2, 2013 2:52am
Hmm

In order to know if your are counter trend... Simply look at the chart at the higher timeframe. Eq. Daily.

If the daily being down trend... Would you hesitate to sell ? No. Would you hesitate to buy ?? Yes, 50/50, lower.

But also beware of the S/R and mention earlier. If you ask me ...
Just look at my chart... maybe I get to know somehow... Learning in progress..

Snarly is only using the same as BigE using. Simple.

Hope Im not misguiding.
Banker please return my pipins.
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