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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #83,901
  • Edited 2:18am Dec 6, 2017 2:02am | Edited 2:18am
Quoting priceact.fx
hello fellow traders, i have been trying out a price action trading strategy for about an year. attached is the summary. can you let me know what you think? thanks in advance. {image}

Hi priceact.fx

You want to know what I think,

well for someone who trying price action trading for one year, your result is excellent.

your trades and result is quite similar to my trades done for November month.


Just be careful with your drawdown and keep that to not more than 10% at any one time. I do not recommend traders to accept drawdown of 20% and above. I will post again on drawdown and what is acceptable and how to recover from drawdown with recovery trading.
Work on your win rate and try keep that above 55%. Never plan to achieve 90% to 100% win rate. People know how stressful that sort of trading can be and traders have blown their accounts when they try to target 90% to 100% win rate. CONSISTENCY over long term is very important.


Attached Image (click to enlarge)
Click to Enlarge Name: Nov trades post 06-12-2017 15-50-45.png Size: 237 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,902
  • Dec 6, 2017 5:20am Dec 6, 2017 5:20am
Quoting emmanuel7788
Hey Folks, It that time of the year when many people have their year end holiday from work and spend some time in public forums. Just to pick on recent hot topics on trend trading and trading reversals. As I learned, the OP eelfranz aka Big E was an aggressive reversal trader on H4. But he knew what he was doing and the amount of risk he took in every trade. short phrases are dangerous when they are not put in proper order. "Follow the established primary trend, wait for the retracements/corrections/pullbacks/etc. which are the Intermediate and...
The art of trading is how you see the trends on your trading charts. This is one of the ten (10) skills which technical traders must develop and must have in them. IMPRESSED ....in fact i also have downloaded your image and and made it wallpaper on my laptop ..would you be kind enough to post the other 9 skills thay will be big help please
  • #83,903
  • Dec 6, 2017 5:25am Dec 6, 2017 5:25am
Quoting emmanuel7788
Hey Folks, It that time of the year when many people have their year end holiday from work and spend some time in public forums. Just to pick on recent hot topics on trend trading and trading reversals. As I learned, the OP eelfranz aka Big E was an aggressive reversal trader on H4. But he knew what he was doing and the amount of risk he took in every trade. short phrases are dangerous when they are not put in proper order. "Follow the established primary trend, wait for the retracements/corrections/pullbacks/etc. which are the Intermediate and...
Emm, if I would be grateful if you would focus more on seeing the trend on different time frames. I have great difficulties with this skill as I'm sure some others do.
  • #83,904
  • Dec 6, 2017 5:29am Dec 6, 2017 5:29am
Quoting nigpig
{quote} Emm, if I would be grateful if you would focus more on seeing the trend on different time frames. I have great difficulties with this skill as I'm sure some others do.
likewise buddy even i have great difficulty in reading trends on different time frames
  • #83,905
  • Dec 6, 2017 9:04am Dec 6, 2017 9:04am
Hello everyone,

I'm new to this trading system, I've read the first pages and summed up the main rules in the pdf document which is attached to my reply.

I thought the new readers (if there are still new ones), could appreciate it and want to share it.

Personally, I'm a student so I don't have a lot of time to trade everyday and so I focus on the daily candle (swing trading). I'm using the original rules of the TMS thread by eelfranz. I've got a first trade that's been a winner, but unfortunately cut the profit too fast. I also have a second trade which resulted in a 5 pips loss. I'm trading on a 3.000euros demo account for a couple times until I feel confident in the strategy and it has proven me I can be profitable with it before opening a real account and trade it live. I'll manage the risk by putting a 2% risk per trade, allowing to have up to 5 trades opened at the same time (which probably won't happen too soon).
Also, I just swing trade the major currencies, I don't know if there some interesting crosses currencies ?
Mostly, I enter only on cross trades, not on bounce entries.

Maybe some of you are trading on this strategy according to the original rules, I don't take for sure they still work but the practice will let me know.

Let's make pips rain, together!
Alexandre.

p-s: I'm french, so please forgive me if my english isn't perfect I'm doing my best to be understood.
Attached File(s)
File Type: pdf Trading made simple rules of strategy (EN).pdf   34 KB | 931 downloads
  • #83,906
  • Dec 6, 2017 1:13pm Dec 6, 2017 1:13pm
EURUSD Week 49 Dec 05 after London session closing...

I see reaction at the Big Round Number 1.1800 ... psych level. Also the 200EMA has caught up with the price.

TMS chart with PAC

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 TMS PAC chart Dec 06.png Size: 67 KB


Technical Analysis
On H4, I see potential move lower into that gray shaded area. Let's keep following this pair over the next few days and into next week. Then we will know what hindsight trading would be next week close on Dec15.
At the moment we know that it is range trading within the Weekly WRB High-Low.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUD Week 49 Dec 06.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,907
  • Dec 6, 2017 1:19pm Dec 6, 2017 1:19pm
Quoting HumbleLearne
{quote} The art of trading is how you see the trends on your trading charts. This is one of the ten (10) skills which technical traders must develop and must have in them. IMPRESSED ....in fact i also have downloaded your image and and made it wallpaper on my laptop ..would you be kind enough to post the other 9 skills thay will be big help please
Quoting nigpig
{quote} Emm, if I would be grateful if you would focus more on seeing the trend on different time frames. I have great difficulties with this skill as I'm sure some others do.

Quoting HumbleLearne
{quote} likewise buddy even i have great difficulty in reading trends on different time frames

I take this as input that you want me to post more in 2018 on the three different Market Types and how to trade the 5-Method in different Market Types.

Ok. I will find some spare time for this this thread next year.
Please be patient.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,908
  • Dec 6, 2017 1:39pm Dec 6, 2017 1:39pm
Quoting alexandre511
Hello everyone, I'm new to this trading system, I've read the first pages and summed up the main rules in the pdf document which is attached to my reply. I thought the new readers (if there are still new ones), could appreciate it and want to share it. Personally, I'm a student so I don't have a lot of time to trade everyday and so I focus on the daily candle (swing trading). I'm using the original rules of the TMS thread by eelfranz. I've got a first trade that's been a winner, but unfortunately cut the profit too fast. I also have a second trade...

Hi,

Since you have chosen to trade TMS 5-Method, you should spend some time and learn what the TDI is and how that works.

Do a keyword search with "John Hayden" and you will find 67 posts to read.

Attached Image (click to enlarge)
Click to Enlarge Name: Keyword search John Hayden.png Size: 81 KB


Traders Dynamic Index

How to create the TDI using the RSI available in other platform: Post#15,546
Fozzy RSI Method Post#59,617

Read this book
RSI: The Complete Guide Post#27,110 by John Hayden
Trend Determination using the RSI (TDI) Post#26,774

Pdf description: Post#18,264 Post#24,705

Post#72,156 what you need to know about the TDI in Trading Made Simple

Enjoy!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,909
  • Dec 6, 2017 9:32pm Dec 6, 2017 9:32pm
Hello all and emmanuel7788,
I am new trader and try leanr system TMS.
I have 3 trade with tf H4.
Please check it for me. It is right with TMS system?
Thank you very much!
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-07_102606 sell cadchf H4.png Size: 66 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-07_102726 sell aud chf H4.png Size: 75 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-07_102812 buy EA H4.png Size: 76 KB
  • #83,910
  • Dec 6, 2017 10:21pm Dec 6, 2017 10:21pm
I'm sorry since this is not TMS-related

But someone please tell this troll to stop stalking me around every thread I post.

Show some respect to the OP from that thread 4xPIPAHOLIC

And also stop cluttering this thread with Renko BS, respect eelfranz's memory.

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

The actual one with the Obsessive-Compulsive Disorder (OCD) for RF has just been exposed


P.S: No need to waste my time with this troll
Attached Image (click to enlarge)
Click to Enlarge Name: MyBiggestFan.png Size: 23 KB
  • #83,911
  • Dec 6, 2017 10:33pm Dec 6, 2017 10:33pm
Quoting ReverseFlash
I'm sorry since this is not TMS-related But someone please tell this troll to stop stalking me around every thread I post. Show some respect to the OP from that thread 4xPIPAHOLIC And also stop cluttering this thread with Renko BS, respect eelfranz's memory. ----------------------- The actual one with the Obsessive-Compulsive Disorder (OCD) for RF has just been exposed P.S: No need to waste my time with this troll {image}
How does it feel ReverseFlash
Really hope you got the message loud and clear
"You are not the only one that can play this sick game"
  • #83,912
  • Dec 6, 2017 10:38pm Dec 6, 2017 10:38pm
  • #83,913
  • Dec 7, 2017 12:22am Dec 7, 2017 12:22am
Quoting ReverseFlash
https://www.forexfactory.com/showthr...10246729#reply
  • #83,914
  • Dec 7, 2017 2:10am Dec 7, 2017 2:10am
Quoting yesmanppa
Hello all and emmanuel7788, I am new trader and try leanr system TMS. I have 3 trade with tf H4. Please check it for me. It is right with TMS system? Thank you very much! {image} {image} {image}
Hi,

those 3 trades you took are very risky because of those large price bars/ candles.

now you have to manage those trades well and grab some pips quickly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,915
  • Dec 7, 2017 2:36am Dec 7, 2017 2:36am
Quoting emmanuel7788
{quote} Hi, those 3 trades you took are very risky because of those large price bars/ candles. now you have to manage those trades well and grab some pips quickly.
Emm, quick question about MQL language.

I was thinking about backtesting strategies in MT4 / MT5, as i saw you do it dozens of times.

I assume you code your strategy into an EA and then you run it in the MT4 Strategy tester.

Is that right?


If so, what would you suggest to someone who want to learn mql with absolutely no knowledge in coding? Should I learn CC+ before?
It's not over, until I win.
  • #83,916
  • Dec 7, 2017 2:41am Dec 7, 2017 2:41am
Quoting emmanuel7788
AUDUSD Week 48 Nov 29 ...near month end closing tomorrow. {image} are we in range trading this week? is there a breakout opportunity? is there agreement between MN and W1 and D1? Zoom out and look at the W1, where are we now using this picture below? {image}
AUDUSD move lower following MN and W1.
Several price action setups on H4, if you can spot them then you would have made money.
Remember what Big E said many times "Do Not trade setups when market is in or near consolidation..."
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 49 Dec 07 move lower.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,917
  • Dec 7, 2017 2:47am Dec 7, 2017 2:47am
Quoting ItaTrader93
{quote} Emm, quick question about MQL language. I was thinking about backtesting strategies in MT4 / MT5, as i saw you do it dozens of times. I assume you code your strategy into an EA and then you run it in the MT4 Strategy tester. Is that right? If so, what would you suggest to someone who want to learn mql with absolutely no knowledge in coding? Should I learn CC+ before?
Jimdandy - About 34 lesson's
Inserted Video
  • #83,918
  • Dec 7, 2017 2:52am Dec 7, 2017 2:52am
Quoting emmanuel7788
{quote} AUDUSD move lower following MN and W1. Several price action setups on H4, if you can spot them then you would have made money. Remember what Big E said many times "Do Not trade setups when market is in or near consolidation..." {image}
Good morning Emm.
My AU basket during a almost 2 weeks build phase got closed live and demo..
I expect a run phase until 74.40 about.
.. will post later charts when I´m home.

stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #83,919
  • Dec 7, 2017 3:02am Dec 7, 2017 3:02am
Quoting Sesamstrasse
{quote} Good morning Emm. My AU basket during a almost 2 weeks build phase got closed live and demo.. I expect a run phase until 74.40 about. .. will post later charts when I´m home. stay tuned Guido

Yes, very good.

It looks like we are into the 4th RUN phase of PLAN, BUILD and RUN.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,920
  • Dec 7, 2017 3:09am Dec 7, 2017 3:09am
Quoting emmanuel7788
{quote} Hi, those 3 trades you took are very risky because of those large price bars/ candles. now you have to manage those trades well and grab some pips quickly.
Thanks you very much,
Please tell me when is the best and least risky entry?
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petkue