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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #89,041
  • Aug 1, 2018 10:26pm Aug 1, 2018 10:26pm
Quoting lddd
{quote} Thanks. Well then i donīt understand the big benefits of using the TDI at all. I am trying to understand and trade this method for 1-2 years now. Not contantly looking at it but in summary it gave me more stress than anything else. 90% of the signals canīt be trusted anyways without analysing the hell out of the chart, skipping through different time frames and so on. It also seems that the signals you want to take are these sitting @SR levels. So for what all these extra windows like TDI/Stock and HA candles. You could simply draw 2 horizontal...
If you read this book,
you will realized these amazing traders on that book,
not using same trading strategy,
but they make alot of money.

What i want to say is,
maybe this TMS strategy not suit you,
you need strategy that suit your personality,
do not forced yourself to using TMS as your strategy.
Attached File(s)
File Type: pdf Jack Schwager - The New Market Wizards.pdf   1.1 MB | 1,177 downloads
  • #89,042
  • Aug 1, 2018 10:29pm Aug 1, 2018 10:29pm
Quoting jason1968
So basically its not possible to make money from this trading system ?
Still posibble.
  • #89,043
  • Aug 1, 2018 10:33pm Aug 1, 2018 10:33pm
Quoting emmanuel7788
{quote} Knowing Price Action trading is the key. The OP himself said this below. #1 importance is the Price Action PA #2 importance is the TDI, which is to show the price momentum for entry. Therefore for those with some years of experience trading, there is Option #3: ---------------------------------------------------------------------------------------------------- New traders coming to this thread have three Options: Option #1: Go to this post link, read and follow that post.The TMS history is all here. https://www.forexfactory.com/showthr...2#post10965032...
" all you need is one pattern to make a living." – linda bradford raschke
  • #89,044
  • Aug 1, 2018 11:02pm Aug 1, 2018 11:02pm
Quoting lddd
{quote} Thanks. Well then i donīt understand the big benefits of using the TDI at all. I am trying to understand and trade this method for 1-2 years now. Not contantly looking at it but in summary it gave me more stress than anything else. 90% of the signals canīt be trusted anyways without analysing the hell out of the chart, skipping through different time frames and so on. It also seems that the signals you want to take are these sitting @SR levels. So for what all these extra windows like TDI/Stock and HA candles. You could simply draw 2 horizontal...
There are two different things:

1. Trend following trading.
2. Price action trading.

You need choose what suit you.
More deep you learn, you will know the difference.

In my opinion, if eelfranz still with us now, im sure, this TMS strategy not his last strategy.
  • #89,045
  • Aug 2, 2018 12:51am Aug 2, 2018 12:51am
Quoting jason1968
So basically its not possible to make money from this trading system ?
Yes, jason it is possible to be profitable with this method. Have posted enough chart's to show the way.
  • #89,046
  • Aug 2, 2018 1:15am Aug 2, 2018 1:15am
The most powerful, the most profitable candlestick, for me, its pinbar.

2b pattern or pinbar, first introduced by Victor Sperandeo in his book Trader Vic: Methods of a Wall Street Master.

In case anyone need this book.
Attached File(s)
File Type: pdf Victor.Sperandeo.Trader.Vic.Methods.of.a.Wall.Street.Master.pdf   1.7 MB | 4,682 downloads
  • #89,047
  • Aug 2, 2018 1:15am Aug 2, 2018 1:15am
Quoting shay14
{quote} i agree, so many things to take into consideration before even looking at the TDI It's trading made simple if you're already a price action master
Agree to what?
It is because you trust other member's post's more then the OP's post's.
You first look at TDI then Post#647. Go study BigE's you will soon find out that many member's are posting contradiction post's to that of what and how to trade this methode.

When I started to follow only what BigE has posted TMS with TDI started to make sense,
  • #89,048
  • Aug 2, 2018 1:24am Aug 2, 2018 1:24am
Quoting Tekkies
{quote} Yes, jason it is possible to be profitable with this method. Have posted enough chart's to show the way.
I can appreciate Jasons' confusion on this thread!

It's just too many versions/interpretations/modifications of eelfranz original system; confusing charts, totally different templates, etc. An old saying, "too many cooks spoil the soup"!

Below is eelfranz WARNING to this thread regarding renegade posters modifying HIS original template/chart, system!! Contrary to some views, this warning has nothing to do with his reduced vision, but everything to do with maintaining the simplicity and integrity of his system, and keeping the thread from going the same way as so many here have gone, out of control!

Attached Image (click to enlarge)
Click to Enlarge Name: Post#8286.png Size: 41 KB


Eelfranz very next post shows his typical chart

Attached Image (click to enlarge)
Click to Enlarge Name: Post#10736.png Size: 58 KB
  • #89,049
  • Aug 2, 2018 2:24am Aug 2, 2018 2:24am
EURUSD Week 31 Aug 02

The July month closed with a D1 Pin Bar.

Did anyone caught that swing high on H4?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 31 Aug D1 Pin Bar close Aug.png Size: 89 KB


Pay attention to the MN, it is sideways.
The W1 is also sideways ranging. Remember on H4, we look for each swing of 3 to 8 candles and every Week has 29 H4 candles. You should know what this means when you trade H4.

Attached Image (click to enlarge)
Click to Enlarge Name: Post 647 para 1 and 2.png Size: 135 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,050
  • Aug 2, 2018 2:35am Aug 2, 2018 2:35am
Quoting ZapPow
{quote} I can appreciate Jasons' confusion on this thread! It's just too many versions/interpretations/modifications of eelfranz original system; confusing charts, totally different templates, etc. An old saying, "too many cooks spoil the soup"! Below is eelfranz WARNING to this thread regarding renegade posters modifying HIS original template/chart, system!! Contrary to some views, this warning has nothing to do with his reduced vision, but everything to do with maintaining the simplicity and integrity of his system, and keeping the thread from...



but many people have had problem with that Post#10,736
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,051
  • Aug 2, 2018 2:43am Aug 2, 2018 2:43am
Quoting emmanuel7788
EURUSD Week 31 Aug 02 The July month closed with a D1 Pin Bar. Did anyone caught that swing high on H4? {image} Pay attention to the MN, it is sideways. The W1 is also sideways ranging. Remember on H4, we look for each swing of 3 to 8 candles and every Week has 29 H4 candles. You should know what this means when you trade H4. {image}
Yes, i caught that swing high on H4. Thanks Emmanual for all the great work you're doing here. Ivé been following your posts and learning very fast! Now i can say i'm getting along fine with the TMS strtaegy
  • #89,052
  • Aug 2, 2018 2:53am Aug 2, 2018 2:53am
Quoting Ali.J
Through your words, Sir, and words of people who you refer to them (as sources of learning):

 

  1. James 16
  2. mbqb11
  3. Strat (PASR)
  4. Nial Fuller
  5. Beg E
  6. X-Man
  7. phx62
  8. Others

...

My recommendation is not to learn from people who always post past trades with like 90% - 100% winning trades. They are fake traders and obviously some of them are in your list of "sources of learning" no. 1 - 7. How these fake traders effect your trading journey would depend on how how well you can cope with the psychology. (I do not want to mention the fake traders in the above list since the post will get deleted anyway, but I hope you know who I am talking about based on the above criterion).

Learn from REAL traders who make a living from trading for themselves. And as part of your trading journey I would suggest you set aside some time to find one and spend a good portion of your time learning from him/her. It is not easy I know.
  • #89,053
  • Aug 2, 2018 3:20am Aug 2, 2018 3:20am
Quoting Tekkies
{quote} When I started to follow only what BigE has posted TMS with TDI started to make sense,
Well, who says this mysterious "BigE" is right with what he said? Did he ever provided a verified track record for his trading career trading this method? :-) Also the currency markets completely changed since. The volatility used to be there has replaced to 90% algorithms trading i guess. I mean which serious investment bank or hedge fund nowdays still risking their clients money with having their prop desk traders doing any trades based on the technical chart analyse? I guess they would be fired right away. Its all putted in the computers...

Every morning i look to the charts the moves were like 30-40 pips lol and continues to sleep, go sideways or in little micro trends until there is some big news pushed out to bring in some real momentum. The moves where you get 8 candles in a row after a TDI cross are like 2% of 98% where it just sucks as hell to get in to achieve at least a 2:1 win ratio.
  • #89,054
  • Aug 2, 2018 3:22am Aug 2, 2018 3:22am
Quoting Cun
{quote} My recommendation is not to learn from people who always post past trades with like 90% - 100% winning trades. They are fake traders and obviously some of them are in your list of "sources of learning" no. 1 - 7. How these fake traders effect your trading journey would depend on how how well you can cope with the psychology. (I do not want to mention the fake traders in the above list since the post will get deleted anyway, but I hope you know who I am talking about based on the above criterion). Learn from REAL traders who make a living...
What do you think about Anton Kreil?
  • #89,055
  • Aug 2, 2018 3:28am Aug 2, 2018 3:28am
The momentum comment of 12-2 and 4-6

Is this an angle of the green line as in on a clocks face ?
  • #89,056
  • Aug 2, 2018 3:28am Aug 2, 2018 3:28am
Quoting lddd
{quote} Also the currency markets completely changed since.
Proof it.
  • #89,057
  • Aug 2, 2018 3:29am Aug 2, 2018 3:29am
Quoting emmanuel7788
{quote} but many people have had problem with that Post#10,736
Like what?
  • #89,058
  • Aug 2, 2018 4:01am Aug 2, 2018 4:01am
Quoting jason1968
So basically its not possible to make money from this trading system ?
Oh it's possible to make money from it alright. The same can be said for basically any method. Make more money than you will lose? Consistently? Errr not a chance...

False dawns. Unfortunately trading, will throw you such successes along the way and in doing so, blinds you for a while, until you try something else and then the cycle repeats itself.

There appear to be some recent statements here from some sensible minded traders. Then there are those with a chip on the shoulder...

'He who shouts the loudest' and all that.

Trading profitably is an art, a process - not an event. A delicate blend of discipline, courage and foresight. Only experience can get you to where you need to go. Lots of it.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #89,059
  • Aug 2, 2018 4:02am Aug 2, 2018 4:02am
Quoting Tekkies
{quote} Proof it.
Its a fact. Just look at the Volatility for EUR/USD for e.g from 2010-2018. It decreased from 130 Pips / day to 65 Pips.
  • #89,060
  • Aug 2, 2018 4:10am Aug 2, 2018 4:10am
Quoting lddd
{quote} What do you think about Anton Kreil?
'Question everything and believe nothing' his words.
'in less than half an hour he made over 100 ticks'
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