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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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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

  • #88,561
  • Jul 19, 2018 7:11pm Jul 19, 2018 7:11pm
Quoting Ali.J
{quote} Help us to get more and more

you ask for more!

the tip of the iceberg is here, started in 2011 in X-Man's TMS H1 / H4 thread.

a lot to read and make own notes, take whatever that work for you, and ...

use them to develop your own winning system that fits you (YOU ONLY)

it will be hard work and I did it.

you will need to make some sacrifices in life and I made mine.

3 to 5 hours every day for 2 to 3 years, that is the average most people spent to become better traders. I spent that amount of time from 2011 to 2013 and have achieved consistent results.

now I have to spend time to maintain the consistency which is an every day struggle fighting the beast inside me.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,562
  • Jul 19, 2018 7:19pm Jul 19, 2018 7:19pm
Quoting mistakesr
{quote} I'm only going to say this once you arrogant, grumpy old fool. When I began trading Forex in 2013 I came across the FF and the TMS thread. Like all newbies I didn't have a clue what I was doing and I spent maybe 3 months on TMS and then began developing my own system which took over 3 years and even though it has evolved I'm still trading the same system every single day. I don't know what the hell you're talking about with the website, I got told to search Google for Trading Made Simple and I came across two, this thread and a guy...

that is an opinion some people have of me and this is biased opinion. I really don't care.

thank you anyway.

so you started in 2013 when most of us here have taken off early.

since you want to trade with the Stochastics, that is what the OP Big E did in 2006. He traded wit the Stochastics too when he started. That is whay I sdai in the beginning that all TMS traders must read all of Big E posts here in FF. He bought the system from Craig Harris -Natural Flow Forex which is based on the Stochastics.

Good luck with your own system.

Read this old post 110 by snarlyjack link below:

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,
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 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

Best of Big E Parts 1 and 2 are in this post Post#76,986

The original indicators and template … Post#25

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
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,563
  • Jul 19, 2018 7:31pm Jul 19, 2018 7:31pm
Quoting snarlyjack
Eelfranz, THIS HISTORY SHOULD BE PLACED ON PAGE #1. Here is a brief history of the "Trading made simple by Eelfranz". When I first met Eelfranz we were studying the system "The Stochastics Secrets 9-1-2008 by Red Trader". We were evaluating all the possible ways of trading using Stochastics. Which led to Craig Harris method 12-11-2009 of different possible ways of using the Stochastics. Basically stochastics 8-3-3 using a 15 minute chart with support and resistance. Which led us to Synergy System with Dean Malone 1-1-2010. And the finding of the...
<quote>

THIS HISTORY SHOULD BE PLACED ON PAGE #1.

Here is a brief history of the "Trading made simple by Eelfranz".

When I first met Eelfranz we were studying the system "The
Stochastics Secrets 9-1-2008 by Red Trader". We were evaluating
all the possible ways of trading using Stochastics.

Which led to Craig Harris method 12-11-2009 of different possible
ways of using the Stochastics. Basically stochastics 8-3-3 using
a 15 minute chart with support and resistance.

Which led us to Synergy System with Dean Malone 1-1-2010. And
the finding of the TDI (Traders Dynamic Index) as the main indicator
not the stochastics. Using the stochastic as a secondary indicator.
Also using 1 hour, 4 hour daily charts. Which was new to me because
I was using the 5 minute and 15 minute charts.

Which led to the 5 system (Eelfranz) 1-1-2011 which is the
Trading Made Simple System on the main Forex Factory System
Section. Which is using the TDI indicator as the main indicator
not stochastics with the Ema 5 (typical) shift +3.

So in my mind 9-1-2008 to today 4-26-2011 (2 1/2 years in the making)
all in the search of greater profits with a simple system that is easy
to understand. We are here sharing with our fellow traders at Forex
Factory what we have come up with to be more successful.

If anyone in the future... is interested they can go to the
search function and search our posts starting with Red Trader and
the secrets of stochastics. In my mind this system has been a long
time in the making with hundreds of posts. We felt that it would
be easier for everyone to start a new heading on page 1 without having
to go through hundreds of old posts starting 9-1-2008.

Also I would like to thank Eelfranz for this wonderful learning journey
2 1/2 years and counting. Someone told me "how long is that string
that your pulling on at forex factory in the learning process". For me
it's been 2 1/2 years and still going strong. I've always had the
position of learn as much as you can because the economy is falling
apart and this just might be your next fulltime job so you better
learn. Also forex factory members have been great. Traders learning
from traders free...what could be better...

So once again a big Thank You to everyone and now you know!!!

snarlyjack

<unquote>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,564
  • Jul 19, 2018 7:50pm Jul 19, 2018 7:50pm
Thank you for taking the time to put such an extensive reply together Emmanuel but with all due respect I've no wish to learn the 5 method or any other method to be honest, I'm very happy with what I'm doing. By the way, I don't use just one stoch, I use two and they are simply tools, nothing more, nothing less.

One thing I will agree with you on is your above meme. Because of personal circumstances I've been trading full time since mid to late 2015 (don't read consistent since then) and during that time I've spent between 6 and 10 hours a day 5-6 days a week going through that whole list of things on the part of that iceberg that is under water. For anyone just starting out, don't expect too much support from non traders either, they think we're all mad. If I had a dollar for every time I heard the comment "How many 10 cent pieces have you made today", from friends, family and acquaintances I wouldn't have to trade, I'd go sit on the beach all day.

Ardua Ad Astra Per - Through Adversity To The Stars
Ardua Ad Astra Per
  • #88,565
  • Jul 19, 2018 8:00pm Jul 19, 2018 8:00pm
many lessons we can learn from our own success,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,566
  • Jul 19, 2018 8:57pm Jul 19, 2018 8:57pm
Quoting emmanuel7788
{quote} Only those who trade 4H short swing and D1 long swings like me. {image} but if you are a very short term day trader, then keep it simple - no need to watch W1 but it will help keep you out of some losing trades knowing where the longer term traders are. Remember the TMS pioneer member name snarlyjack? he uses the multiple moving averages aka Guppy MAs to help him see short and long terms.
Thanks for the explanation, really helpful. Yes i heard about Guppy MAs but never dealt with it in detail.

I would like to switch to the H4 and Daily for some time to see if my performance might getting better. Can you tell me from your experience

A) How many valid signals according to the rules here are likely in one trading week for how many charts opened?
B) How many of these signals are realistic to catch (start watching charts from EU opening / regular working time, morning to afternoon for me)

I still find it very difficult doing the right preparations/steps apart from just spotting the TDI Crosses. For e.g spotting the right S/R zones according to a possible entry signal, drawing trendlines, confirmation and so on. Not to forget "keeping it simple stupid but bullet proof lol..)

To make it more practical. Where would you start looking at a chart each new morning. (Let's assume that you would also trade the eu session, not sure).

For me it still feels more like gambling. Especially on the M15/M30 where lots of TDI Signals are forming every day. For me a "system" is something i can trust with repetion like a clockwork. I can accept losing trades but overall i should end up with at least with 1 Pip in profit after the week is over to become efficient and for sure profitable.
  • #88,567
  • Jul 19, 2018 9:11pm Jul 19, 2018 9:11pm
Quoting emmanuel7788
EURUSD 2018 January to June can you see the EU Bear Market Type ended in June? (Thank you Dr Van Tharp) July is Sideways Market Type, is this simple enough that you can see on the chart below? or Do you need yet another simpler chart? Will there be another Bear Makrt Type in the next 5 remaining months till year end? {image}
Emm, Which is the book from Dr. Van Tharp that explain about market type?
I want to read it. Thanks.

Kind Regards,
DJ.
  • #88,568
  • Jul 19, 2018 10:38pm Jul 19, 2018 10:38pm
Quoting emmanuel7788
{quote} Hi DiamondMiner Good morning , its 6 am London. I don't trade time frames. I trade the market types. In the small timeframes like you mentioned, it will be choppy therefore you must be very sharp and jump in and out of trades very quickly. I would focus my time looking for the setups and let a trade manager like THV CaveManager manage the trade exit. This would be 'set and forget'. Using a trade manager EA, we will be less affected by our emotions when we have open trades. If the market session is narrow range, I can scalp in M15 and take...
Emm, what is gray colored box?
I think that is zone which is not touch by bar after and before WRB, its right?
what the usage of that gray colored zone?
  • #88,569
  • Jul 20, 2018 1:03am Jul 20, 2018 1:03am
Silver is Super Bearish.
Wait for Bearish Hidden Divergence / MDRP Down / Negative Reversal.
But if trend still valid.

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  • #88,570
  • Jul 20, 2018 1:58am Jul 20, 2018 1:58am
It is so difficult to read post after post after post wondering why did the a member say or post that post.

Looking at this (extracted from a post)
Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.

How much is true? You decide.
Too much time is being spent on TDI and Stochastics,
- TDI only indicate a possible entry for a trade.
- Angle (12/2 - 4/6), level (68/50/32) is used.
- Stoch is only to confirm the direction of the intended trade
BigE only glanced at TDI.
You should ask yourself why did TDI alert me to a possible trade entry and then apply post#647
Too little time on Price Action and Support/Resistance.
Combine post#647 with other post's from BigE and you have all the elements of price action.
- S/R level
- Candle size
- Wick length and location (top / bottom)
- Consolidation
(can add more)
And no time spend on Money Management, Risk Management for entries and exits,
BigE recommended that members must go to BabyPips to learn about Forex's stuff
Money / Risk Management is taught over at BabyPips. How many times must you go to school to learn that 2 + 2 = 4?
---
When and How to Let Profits Run.
Google search: About 196 000 000 results. Member's can go and read / research all they want. Why relay on one member's view point on the matter in this thread.
----------------------------
It strange how a member can type one thing and the chart's display a total different result's.
Looking at some chart's posted, one chart had up to 7 / 8 lagging indicator. How do you apply price action when the candle / wick's are obscured by indicator information. The main chart compressed by 3 sub window's. It look almost if the member is addicted to indicator's then price action.
---------------------------
Back to TMS trading.
Not a good setup for entry. Not sure if angle of green is below 4. Will not even bother to apply post#647 for that very reason. You will pick up problems when you try and find a reason to enter a trade by further analyzing the chart with price action.
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  • #88,571
  • Jul 20, 2018 2:39am Jul 20, 2018 2:39am
worth repeating 10,000 times to drive home the message.

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,572
  • Jul 20, 2018 2:44am Jul 20, 2018 2:44am
USDJPY Jul 20 more crappy TDI signals today ...

look at the price, what does it tell you?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,573
  • Jul 20, 2018 2:58am Jul 20, 2018 2:58am
Quoting DJsignals
Silver is Super Bearish. Wait for Bearish Hidden Divergence / MDRP Down / Negative Reversal. But if trend still valid. {image}

Yup, very bearish when it broke the last 5 months low, lots of 'empty space' to free-fall with no historical support for few weeks.

Those 10/50/200/800EMAs all stacked nicely one below the other... visually very nice to pick the trades.

Look far far left and do you will see support anywhere close by?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,574
  • Jul 20, 2018 3:13am Jul 20, 2018 3:13am
Quoting emmanuel7788
{quote} Yup, very bearish when it broke the last 5 months low, lots of 'empty space' to free-fall with no historical support for few weeks. Those 10/50/200/800EMAs all stacked nicely one below the other... visually very nice to pick the trades. Look far far left and do you will see support anywhere close by? {image}
Yup 10/50/200/800EMAs all stacked nicely.

For me, this is will be next support zone below:
14.87
14.39
13.80

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  • #88,575
  • Jul 20, 2018 3:29am Jul 20, 2018 3:29am
Quoting Tekkies
Back to trading Edit: Previous sell closed because of BE to close to price. Did not give the price room to breath. {image}


Hi Tekkies,

I have been following your trading setups and would really appreciate if you could attach your tpl, together with the indicators that you are currently using. Your entries are really good and would be more than happy if you could please extend the same help. Thanks

looking forward for the same Sir.
  • #88,576
  • Jul 20, 2018 5:20am Jul 20, 2018 5:20am
Quoting emmanuel7788
{quote} Hi rupasi, The range high - low is the high-low of the weekly price bar. That is the real price being traded. The APB candle is not the real price, it is an indicator calculated from the Open High Low Close OHLC of the real price. When you see the market make a new high on the weekly chart timeframe, you see that weekly high-low range, you should drop down to the day chart and look at the TDI. Do you see the TDI Green going out of the VB blue band? When the TDI Green re-enters the VB, there is tendency that the market goes sideways wide...
Amazing observation of VB
  • #88,577
  • Jul 20, 2018 6:20am Jul 20, 2018 6:20am
LoL The Comedy Thread. You have much more patience than me Tekkies.
Ardua Ad Astra Per
  • #88,578
  • Edited 7:11am Jul 20, 2018 6:58am | Edited 7:11am
I just entered long on GJ here. I guess something i should not have taken? Its M30 btw. Thanks for your comments on this one in advance.

Update: Stepped out with a -10 Pips. :/
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  • #88,579
  • Jul 20, 2018 8:06am Jul 20, 2018 8:06am
Quoting lddd
I just entered long on GJ here. I guess something i should not have taken? Its M30 btw. Thanks for your comments on this one in advance. Update: Stepped out with a -10 Pips. :/ {image}
Only enter a trade on bar 1 or 2.
Angle of green below 2
Long wick's to the upside - Strong resistance
Already three sign's that say that a buy order is not such a good idea.
  • #88,580
  • Jul 20, 2018 9:29am Jul 20, 2018 9:29am
Quoting Tekkies
{quote} Only enter a trade on bar 1 or 2. Angle of green below 2 Long wick's to the upside - Strong resistance Already three sign's that say that a buy order is not such a good idea.
Thanks for your kind words. Sounds straight forward.
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