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Trading Made Simple the right way, and other trading lessons

  • #141
  • Jul 30, 2018 2:13pm Jul 30, 2018 2:13pm
Quoting geektrader
Honestly guys, who is making constant profits with this system "as is"? ...
Agreed, I've been trying this on a couple of demo account for three weeks. The first week was great, trending market, grew 1 account 10% and the other 100% then my inexperience kicked in, larger positions, seeing what I wanted to see, trading smaller and smaller candles (see my previous post) until I crashed and burned one account. I was more conservative on the other account and didn't lose as much. If you're disciplined and while you're developing a grasp on PA I'm sure this system can help keep you on track. Reading through Eric's posts there were weeks where he would only take a couple of trades (or none at all – he never traded if he wasn't feeling good in himself or about the market) and that is something that inexperienced traders like me need to learn.
  • #142
  • Jul 30, 2018 2:29pm Jul 30, 2018 2:29pm
Exactly, I agree. I am an automated trader anyway (genetic built systems), but always check system at ForexFactory just out of curiosity. Havenīt found one that makes consistent profits as described ;-)
  • #143
  • Edited 5:58am Jul 31, 2018 2:27am | Edited 5:58am
Quoting Tranqility
{quote} Agreed, I've been trying this on a couple of demo account for three weeks. The first week was great, trending market, grew 1 account 10% and the other 100% then my inexperience kicked in, larger positions, seeing what I wanted to see, trading smaller and smaller candles (see my previous post) until I crashed and burned one account. I was more conservative on the other account and didn't lose as much. If you're disciplined and while you're developing a grasp on PA I'm sure this system can help keep you on track. Reading through Eric's posts...
Hi Guys, I said this on the other thread ages ago, Google the term 'trading market structure'. It really helped me, I also look for really bold strong moves of price (consistent candles) and will often take a retest of those.

Sticking to one market, and understanding that was a turning point for me. But we are all different and these are just my ideas.

I'm not a Forex trader and every market has behaviour that is unique, but those strong moves mean a change on behaviour/sentiment and that is something that can be acted on. Ranges are killers.

Edit: 'Ranges are killers' unless you have worked them out.
'in less than half an hour he made over 100 ticks'
  • #144
  • Jul 31, 2018 3:21am Jul 31, 2018 3:21am
The problem with Forex nowadays is that there is almost no volatility anymore. 90% of the time the market is sleeping. So most of the times lets say 120 Pips up and down for a major pair / day? Thats NOTHING. Means, if your only trade idea is in and out on minutes or even hours charts you get slaughtered, no matter what strategy you try here. Another real problem i think is that most people try to stick to a strategy no matter how the market is really moving. If you want to have at least a 1% chance trading such quick time intervals you should at least understand WHEN to trade and when not.
  • #145
  • Jul 31, 2018 6:10am Jul 31, 2018 6:10am
'Another real problem i think is that most people try to stick to a strategy no matter how the market is really moving.'

They do, it takes a lot of patience to watch price. There are guidelines, but I'm not sure if it is how you personally represent and process what it is you are seeing.

I just look for changes and exceptions within a framework that I recognise. Candle strength has been massively important in my own case. Took me a long time to get to that.

A guy over at that other TMS/Tdi forum said that he used not the crossovers, but where Tdi was in terms of price. I think there is a lot of sense in that statement. Agreed though, when price is sideways it is time to ask yourself 'what else can I use to trade these ranges'?
'in less than half an hour he made over 100 ticks'
  • #146
  • Jul 31, 2018 9:44pm Jul 31, 2018 9:44pm
Quoting onejester
'...A guy over at that other TMS/Tdi forum said that he used not the crossovers, but where Tdi was in terms of price. I think there is a lot of sense in that statement. Agreed though, when price is sideways it is time to ask yourself 'what else can I use to trade these ranges'?
Thanks for your suggestion about trading market structure, I hadn't heard of that before and a whole new avenue of learning has opened up. Can you expand on your comment about TDI and where it is terms of price?
  • #147
  • Edited 2:08am Aug 1, 2018 1:49am | Edited 2:08am
I don't trade tdi. But since this is a tdi forum, here's how I see it. You could have taken the short on the tdi cross (but that doesn't always go to plan ), but I like to see some confirmation to try and avoid being slaughtered in a range. Look at those big grey candles vs the others man, I mean come on...

Pull up a 1 min chart and watch what happens, it is easy to show after the fact stuff. But when you see it for yourself and say 'hey, I coulda taken that' it gets hard coded in.

This is just my take, and frankly that is all that matters to me personally. I hope it helps contextualise things though.

Attached Image (click to enlarge)
Click to Enlarge Name: Tdi 2018-08-01 at 09.47.55.png Size: 128 KB


Edit: 2- should say it cant break and hold above the upper band of the 5 sma, the same for 3 -
'in less than half an hour he made over 100 ticks'
  • #148
  • Aug 2, 2018 10:28pm Aug 2, 2018 10:28pm
Quoting onejester
I don't trade tdi. But since this is a tdi forum, here's how I see it... ...This is just my take, and frankly that is all that matters to me personally. I hope it helps contextualise things though. -
Thanks for the reply, I've come back to this post again and again over the last few days and always get something new each time I study it. My key takeaway re interpreting the TDI is watch for divergence during consolidation then when divergence has ended wait for a trendline break then consider jumping in again? Also the more I study it the more I find parts of the indicators that are redundant if I focus on what is happening with the price. If you were trading this chart for yourself would you have any indicators at all?
  • #149
  • Aug 3, 2018 5:02am Aug 3, 2018 5:02am
Quoting Tranqility
{quote} Thanks for the reply, I've come back to this post again and again over the last few days and always get something new each time I study it. My key takeaway re interpreting the TDI is watch for divergence during consolidation then when divergence has ended wait for a trendline break then consider jumping in again? Also the more I study it the more I find parts of the indicators that are redundant if I focus on what is happening with the price. If you were trading this chart for yourself would you have any indicators at all?
----

Thank you for that, your interpretation is correct and well done for noticing that the indicators become redundant. Divergence only tells you that something may happen and a clever way to look at it is to say 'what is divergence telling me should happen with this move'? Is it the break of a 123? Now what will happen if that move doesn't play out? Often, that is the trade. Look how strong that run up of price is, and then it just dies off. Then the indicators are simply representing price - there were no buyers left at the top.

Only by learning market structure will you be able to see this happen and interpret it in a way that you can relate to. Where are the buyers at, where are the sellers at and how can price's behaviour give me a good idea of that.

Bollinger is my favourite. I would use stokes, but I'm not against indicators if it helps 'frame' what is happening. Bollinger and trendline.
'in less than half an hour he made over 100 ticks'
  • #150
  • Aug 4, 2018 1:34am Aug 4, 2018 1:34am
Here's an experimental example on a 30 second chart (Tdi and mt4 purists, please ignore this post) I have shown Macd 7,10,5 and Stokes 8,3,3 just to compare. In this case, The tdi shows the divergence nicely (but so does stokes). Personally, I like to wait until something really obvious shows up. But if patience ain't in your nature....

Attached Image (click to enlarge)
Click to Enlarge Name: tdi 2018-08-04 at 10.17.01.png Size: 97 KB
'in less than half an hour he made over 100 ticks'
  • #151
  • Edited 5:06am Aug 4, 2018 4:21am | Edited 5:06am
Quoting geektrader
Honestly guys, who is making constant profits with this system "as is"? Having demo-traded it for a while, itīs problem (like most others) is with ranging markets and the losses it creates under these circumstances. However, just as usually, you can NOT tell when a pair is ranging or not or if it might break out. While I highly respect the original authors approach and especially sharing it with us, I am pretty much sure he, nor anyone else here, is making the constant profits this is supposed to make on paper when cherry picking the trades. I might...
I do make constant profit's with this system. Using only Post#647 (including other post's of BigE.)
As to "as is" won't post chart's in this thread, the reasons are on the chart's. (Chart's are posted in Trading Made Simple)
  • #152
  • Aug 5, 2018 12:38am Aug 5, 2018 12:38am
Sorry, but without any live (or even demo) account, no one is going to believe you. If trading as mentioned in post #647 on the original TMS thread, you are going to lose. Itīs exactly like Iīve been trading it and this is NOT profitable at all. Any proof for your words? Would be happy to see... I can quickly show you a demo of how post #647 fails if trading it like that.
  • #153
  • Edited 11:50am Aug 6, 2018 11:14am | Edited 11:50am
Quoting geektrader
Sorry, but without any live (or even demo) account, no one is going to believe you. If trading as mentioned in post #647 on the original TMS thread, you are going to lose. Itīs exactly like Iīve been trading it and this is NOT profitable at all. Any proof for your words? Would be happy to see... I can quickly show you a demo of how post #647 fails if trading it like that.
Take it or leave it: Post 89,180 Post 89,149 (Many more in TMS)
-----
Because you are not profitable with this method does not mean that other members can not be profitable.
-----
"If trading as mentioned in post #647 on the original TMS thread, you are going to lose."
If you did trade exactly like that the results will be the same as mine.
Members over at Lower risk, stress free TDI system also use TDI crossover with some other set of rules and they are happy with the result's.
--------
Looked at your profile: Not one image posted with TDI. Your first post in this thread was also negative.
Conflict in post's:
- "I am an automated trader anyway"
- "Itīs exactly like Iīve been trading it and this is NOT profitable at all."
--------
Hope JMN bar you from posting here again
  • #154
  • Aug 6, 2018 11:52am Aug 6, 2018 11:52am
Wow tms is like cancer it just keeps spreading till you die(financially of course)
  • #155
  • Aug 6, 2018 12:15pm Aug 6, 2018 12:15pm
@Tekkies: show me one profitable LIVE account or DEMO account, not cherry-picked chart-images where a trade worked out. If you want, I will go ahead and compile my trades + charts + account statement to show you that TMS does NOT work at all if following the rules as mentioned in post #647 (or any other post for that matter).

My first post was negative because I have tested the system without posting anything - why should I if I am still testing it? I always test manual systems besides my automated trading, there is no conflict in my words, because one never knows if there is a "pearl" out there on FF (have not found 1 in all the years). TMS is definitely not a pearl and is a losing system. Again, prove me wrong by showing me a LIVE or DEMO account that is profitable if trading TMS like youīve mentioned consistently(!) by the rules from post #647. No one was ever able to do that, not anywhere in this or the other TMS thread and the TMS EA is losing too. I havenīt seen any proof apart from cherry-picked trades on chart-images which are easy to do, of course.
  • #156
  • Aug 6, 2018 12:31pm Aug 6, 2018 12:31pm
Quoting geektrader
@Tekkies: show me one profitable LIVE account or DEMO account, not cherry-picked chart-images where a trade worked out. If you want, I will go ahead and compile my trades + charts + account statement to show you that TMS does NOT work at all if following the rules as mentioned in post #647 (or any other post for that matter). My first post was negative because I have tested the system without posting anything - why should I if I am still testing it? I always test manual systems besides my automated trading, there is no conflict in my words, because...
Finally someone with verifiable proof trading made simple method will simply lose your money trading it
  • #157
  • Edited 1:38pm Aug 6, 2018 1:27pm | Edited 1:38pm
Quoting Divergence
{quote} Finally someone with verifiable proof trading made simple method will simply lose your money trading it
Any conclusions will be far more quickly reached here than 'elsewhere ' since the creator mentions 'other lessons' in the title.

I never got it to work with a cross, only off the retest, and as we all know price tells us the rest. I've moved on but feel bad for newbies visiting the circus.

Would be good to see a live account with some consistency.
'in less than half an hour he made over 100 ticks'
  • #158
  • Aug 6, 2018 1:41pm Aug 6, 2018 1:41pm
Unfortunately oj you won't. It amazes me how people stand firm to something that does not work consistently to make a living from and scream at those that tell them the facts. It's not just this method but a load of them on FF Here's something they should ask themselves is what and how your trading really working or are you deceiving yourself. If it is quit your day job and trade for a living then you can boast till then........
  • #159
  • Aug 6, 2018 11:51pm Aug 6, 2018 11:51pm
Quoting Divergence
Unfortunately oj you won't. It amazes me how people stand firm to something that does not work consistently to make a living from and scream at those that tell them the facts. It's not just this method but a load of them on FF Here's something they should ask themselves is what and how your trading really working or are you deceiving yourself. If it is quit your day job and trade for a living then you can boast till then........
Exactly D,

The thing that gets me, is the 'just because it didn't work for you, doesn't mean others can't get it to work...' mentality.

Really?!

Ok, go on then... waste 5/6/10 years going around and around in circles. See if i care!

God knows, i've spent enough years trying crossovers in various forms - this way and that way, always with the same result.,.. some wins which give false hope, but ultimately, no golden egg.

Everyone believes 'TMS must be true, but don't realise that it requires many years of devotion, many thousands of hours, trying this and that, each time with the same result. Some success, but no single answer.

Elliott Wave can be an extremely powerful tool, especially when wave counts can be confirmed with fibonacci levels, but the key word in that statement was 'can'

It is too much of a generalisation. Again, the market simply mixes it up too much, to be consistent.

Supply and Demand, coupled with market structure, is the only common sense method that anyone should be investigating.

Ask yourself why price reacted... a large buy or sell order in the system. The bigger the candle (thrust), the larger the order(s), the more likely it is still being worked, so identify it and look for a retrace to join in
It is down to experience in the end, simple as that.

Identify trend (HH/HL's or LL/LH's), identify Demand or Supply level by looking left, look for a retrace to that level.

Sure you'll get losers, but both the R:R and success rates are skewed in your favour... even then there are a bunch of traders (myself included) on our thread who have been trying to replicate your success for 18 months already and results have not been consistent yet.

The margins for success are so miniscule, that you have to be on top of your game, in every sense. No emotional stress in your life, no mental fatigue etc

But, of course, what do i know? only 19 years since my first dabble on the markets and 10+ years of active TA and i've still got a way to go yet!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #160
  • Aug 7, 2018 5:27am Aug 7, 2018 5:27am
Let's try to explain it a little further...

People keep looking for something that works all of the time, but here's the thing... nothing does! The market mixes it up completely, so what works one moment, doesn't the next.

Now... once you accept that, you can stop going in circles and look for a method, a candle pattern, a phase, a cycle, a formation, whatever, but something that works more often than it doesn't.

Than you have to have the discipline to discard the one's which don't work so often. The problem is that everytime they do, you get hooked on that pattern, cycle etc, it gives false hope and that takes time to work through. Lot's of it.

Each example takes a long time to test, so it becomes a massive learning curve.

Crossover entries, don't even register on this scale. You can choose to continue, but you're wasting your time. End of.

You're better off mastering a pattern, such as a H&S or flagline, channel lines... they will all have failures, but combine them with 123's at strategic places and you will develop an edge. You can guarantee that a pattern that goes on to fail, will look identical to one that worked earlier, right up until you take the entry.

You're still likely to keep trying to improve it though and then it's back to what i spoke of earlier.

That's why we talk about Supply and Demand being the best and most logical approach out there, so save yourself some time and start understanding it now. It isn't anything more than learning to read a chart and decipher when buyers and sellers are likely to enter... join in.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
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