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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

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Trading Made Simple

  • #66,521
  • Mar 4, 2016 5:55pm Mar 4, 2016 5:55pm
Quoting billsmith
{quote} hi would you be kind enough to set up a trade explorer for your trades? i am a newbie here and just trying to learn thank you so much

Hi,

I don't use trade explorer TE to analyse my trading performance. TE does not analyse ME/ME trades, it does not keep track of average entry price of open trades/position based on lot size, it does not manage basket of positions, etc.

I use my own tools for trade management and system performance management.

Please tell me what you want to learn and what TE will teach you, I can look into this and maybe find a way to help you.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,522
  • Mar 4, 2016 6:00pm Mar 4, 2016 6:00pm
Quoting Ss45
{quote} Hello Emmanuel Amazing result as always.. Just curious, I see that your trade duration is approx. 4 hrs compare to number of days in your previous results. Your trading style for this week was any different from previous weeks or just the market condition allowed you to get out trade more quickly?

Hi,

the difference is whether we are trading the primary trend or the correction.

this is a very short trading week as we only started on Wed. those trades closed were all corrections - EJ, AJ, GJ, so we treat these as 4H swing trades and close them before London session close on Friday. Except for GBPUSD, EURAUD and GBPAUD, our plan was to keep trades open as Position trading into next week.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,523
  • Mar 4, 2016 6:03pm Mar 4, 2016 6:03pm
Quoting giamma23
{quote} Hi emmanuel do I know what kind of setting you use in the PAC ? Synergy method +TMS? TKS

Hi,

use the Synergy_Pro_APB which has the PAC included.

Price Action Channel
Synergy PAC Post#21,284
Comparing Synergy PAC and Synergy_Pro PAC: Post# 54,119

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,524
  • Mar 4, 2016 8:10pm Mar 4, 2016 8:10pm
Hi TMS friends

I read this Big E post long ago and I always have found it interesting.

What do you think about it?

Saludos.



Eelfranz:

"I've never used money management rules like most people use it... 2-3% on a trade... never seemed to fit my personality and I'm sure it's frustrated more than a few of you out in Forex Land...

Most of my trades use from 15-30% of my account... why? That's where I feel most comfortable trading.... and why one of MY PERSONAL RULES is to exit the trade at the 12-15 pip pullback region... Regardless of the time frame... It's always worked for me... and made me pips...

I take the best trade set ups... I got the patience of Job and Moses...

I've always had the nack of making up any losses pretty fast so it doesn't scare me... I'm confident !

This secret is just between you and me...

I don't recommend it for anyone else...

Back Off Buffalo Man..."
  • #66,525
  • Mar 4, 2016 9:22pm Mar 4, 2016 9:22pm
Quoting AlansGS777
Hi TMS friends I read this Big E post long ago and I always have found it interesting. What do you think about it? Saludos. Eelfranz: "I've never used money management rules like most people use it... 2-3% on a trade... never seemed to fit my personality and I'm sure it's frustrated more than a few of you out in Forex Land... Most of my trades use from 15-30% of my account... why? That's where I feel most comfortable trading.... and why one of MY PERSONAL RULES is to exit the trade at the 12-15 pip pullback region... Regardless of the time frame......
Good Morning , and thanks for reminding us, bring back to pure TMS
I Have Learned to Take Some Losses to Make Profits
  • #66,526
  • Mar 4, 2016 11:57pm Mar 4, 2016 11:57pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 21 KB

it is my first trade in this system and i loss
what was wrong?
  • #66,527
  • Mar 5, 2016 12:40am Mar 5, 2016 12:40am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 18 KB

and another
  • #66,528
  • Mar 5, 2016 2:42am Mar 5, 2016 2:42am
Quoting arash1349
{image} it is my first trade in this system and i loss what was wrong?
Welcome to TMS, you have to account for retracement and not trade those as often the trend resume after 2 APB red candles in case of a long trend, TMS works best in a trending market
I Have Learned to Take Some Losses to Make Profits
  • #66,529
  • Mar 5, 2016 3:03am Mar 5, 2016 3:03am
Quoting emmanuel7788
{quote} Hi, use the Synergy_Pro_APB which has the PAC included. Price Action Channel Synergy PAC Post#21,284 Comparing Synergy PAC and Synergy_Pro PAC: Post# 54,119 regards,
Exact ... are several months that follow this line in M5 very good results .... some high stress because they often close the day with more than 20 operation without me / me for the moment. TKS and good trading to all
  • #66,530
  • Mar 5, 2016 3:53am Mar 5, 2016 3:53am
Quoting arash1349
{image} it is my first trade in this system and i loss what was wrong?
Quoting arash1349
{image} and another
Hi arashi,

very common mistakes made by new TMS traders.

before you want to take a TDI trade, always check the #1- Price Action first, then #2- TDI Post#3142

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.

Post#647 has several checklist questions which we must use all the time. In your two trade examples - GBPUSD and AUDUSD, you did not check whether these pairs are in the uptrend or downtrend, short term and long term.

read Big E's posts, take notes, study his training charts, learn and practice more till you master the 5-Method.

regards,


TMS 5-Method Basic Rules: Post#53,841
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,531
  • Mar 5, 2016 4:05am Mar 5, 2016 4:05am
Quoting AlansGS777
Hi TMS friends I read this Big E post long ago and I always have found it interesting. What do you think about it? Saludos. Eelfranz: "I've never used money management rules like most people use it... 2-3% on a trade... never seemed to fit my personality and I'm sure it's frustrated more than a few of you out in Forex Land... Most of my trades use from 15-30% of my account... why? That's where I feel most comfortable trading.... and why one of MY PERSONAL RULES is to exit the trade at the 12-15 pip pullback region... Regardless of the time frame......

Hi Alan,

that was a blast from the past ...

http://www.forexfactory.com/showthre...60#post4609460

I think of Eric aka Big E being a honest and responsible person I have known here in FF. He knows his stuff and the risk he took when he was trading. He would not recommend high risk exposure to anyone in his thread. His original post had been deleted by him.

Money Management is a very important component of a winning trading system.
Some believe that MM constitute 30%.
What do you believe?

Attached Image (click to enlarge)
Click to Enlarge Name: TMS piece of the pie.png Size: 28 KB


an old article on Money Management.

regards,




I think the 5-Method has shrunk to less than 10%.

regards,
Attached File(s)
File Type: pdf Money Management Report (Van Tharp).pdf   1.1 MB | 3,523 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,532
  • Mar 5, 2016 4:07am Mar 5, 2016 4:07am
Hey Folks,

its weekend and good time for some reading ...

BEING RIGHT and MAKING MONEY are two very different things.

Read this
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,533
  • Mar 5, 2016 4:27am Mar 5, 2016 4:27am
where i can find best template for this system
if cross tds have alert i prefer
thk everybody
  • #66,534
  • Mar 5, 2016 4:41am Mar 5, 2016 4:41am
interesting strategy mate. subscribe it. I'll try to implement your strategy using Trade simulator this weekend. thanks
Risk comes from not knowing what you're doing.
  • #66,535
  • Mar 5, 2016 6:54am Mar 5, 2016 6:54am
Quoting emmanuel7788
Hey Folks, its weekend and good time for some reading ... BEING RIGHT and MAKING MONEY are two very different things. Read this
Hi Emmanuel,

this is really a good one - and so true. I think it's a very deep anchored habitus of many traders "to be right" by using a smashing simple straightforward trading system. If the header of this thread would be "A really complicated Trading System" instead of "Trading made simple" - would it be still the most successful thread at FF? Well, thank's to you we've learned that successful trading in the long run requires more, than simply looking for a crossing of green and red line in the TDI. And I believe that all this knowledge you provide here is the true reason that this thread is so active over the years, besides all the treamendous start up capital BigE provided to us.

Thank's a lot for this and cheers from Berlin
Haendlerin
Never give up!!
  • #66,536
  • Mar 5, 2016 7:55am Mar 5, 2016 7:55am
Hi Emmanuel

Pivot indicators, Inside bar indicator., MC or WRB , PIN BAR ind...... you use them or you rely on your experience?

tks
  • #66,537
  • Mar 5, 2016 8:47am Mar 5, 2016 8:47am
Quoting emmanuel7788
{quote} Hi, the difference is whether we are trading the primary trend or the correction. this is a very short trading week as we only started on Wed. those trades closed were all corrections - EJ, AJ, GJ, so we treat these as 4H swing trades and close them before London session close on Friday. Except for GBPUSD, EURAUD and GBPAUD, our plan was to keep trades open as Position trading into next week. regards,
Are you building a position long on gbpusd, a day position trade. emma?
It's in fear when people show what they truly value.
  • #66,538
  • Mar 5, 2016 12:45pm Mar 5, 2016 12:45pm
Quoting emmanuel7788
Hey Folks, its weekend and good time for some reading ... BEING RIGHT and MAKING MONEY are two very different things. Read this
Hello, Emm!

As you requested in one of my PMs, I will ask the question here and attach a chart.

For MTF method, I am talking about HTF W1, intermediate D1 and entry on LTF H4, do you look for entries on H4 if the D1 candle is backing up the HTF, but the D1 TDI is not confirming the upward movement with a cross? To be more precise, let's assume that for the chart I post the bias for the W1 is up. As you can see on D1, the TDI has not crossed on the candle marked with green arrow, but that candle is a good indication for me to look for entries on LTF. I usually would switch to H4 in this situation, but I am interested how YOU would tackle it: would you wait for the TDI cross before going to H4 or you would take into the consideration only the PA?
Attached Image (click to enlarge)
Click to Enlarge Name: ffa PNG.png Size: 75 KB
  • #66,539
  • Mar 5, 2016 12:57pm Mar 5, 2016 12:57pm
Quoting TheScorpS
{quote} Welcome to TMS, you have to account for retracement and not trade those as often the trend resume after 2 APB red candles in case of a long trend, TMS works best in a trending market
Hi Scorps can I ask you whether you only trade the H1? also do you look at higher Tf for the trend and then take entry on H1?

Regards
  • #66,540
  • Mar 5, 2016 2:46pm Mar 5, 2016 2:46pm
Hello all,

Has anyone else seen the Double bottom on W1, EURJPY ? The formation formed at a Monthly S&R ( the purple lines are Monthly S/R).

My bias for next week would to Buy this pair with s first target at 126.990.

What do you think?

Any opinion is appreciated!

Thank you,
Bill
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY W1.JPG Size: 110 KB
focus, manage risk, rinse, repeat
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