Trading Made Simple | Page 4585 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #91,681
  • Oct 3, 2018 6:38pm Oct 3, 2018 6:38pm
Quoting PeterE
{quote} Thanks for your analysis Emm. Personally I tend only to look at the next higher TF. It seems to work.
Hi Peter,

You are going in the right direction...

My favourite pic below used by many in FF.
When trading the H1, be in harmony or synergy with H4 and D1...

Attached Image


Triple Screen Trading System by Dr Alexander Elder Post#23,973, Post#55200, Post#62,175
Triple Screen trading systems : Post#55,203

Checking three different timeframes charts is a way how we reconcile the TIMING of our trade entry on the lower timeframe where we make our market entry.
We look at the price action and the TDI condition of all three timeframes to confirm the setup is high probability in the direction of the Primary (Dominant) Trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,682
  • Oct 3, 2018 6:43pm Oct 3, 2018 6:43pm
Quoting PeterE
{quote} Thanks for your analysis Emm. Personally I tend only to look at the next higher TF. It seems to work.

Remember some of the lessons Big E shared in his old thread. This post below is an important lesson.

Quoting eelfranz
When you see a TDI cross that doesn't look good... start checking other timeframes for the trade... look at other templates at different timeframes... do a thorough investigation before entering any trade. If you do this faithfully your win rate will increase dramatically... If its not quite ready put it on a watch list and go back and check it every 5,15 or 30 minutes...
https://www.forexfactory.com/showthr...08#post4170808
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,683
  • Edited 9:07pm Oct 3, 2018 6:53pm | Edited 9:07pm
Hey - I have a question regarding SL. Im not sure at this point if this is something that has been mentioned, or if its a rule that i have come up with myself. If it is the case that BigE mentioned it - if we place our SL above or below the 1st or 2nd entry candle, how does people here vary the position size? Ofcause if the 1st candle is a 30 pip move, then its fairly concern-free to just place the 30 pip SL, but what does people do if initial candle is like 50-60 pips as commonly seen on the 4H? I hope you understand my question lol, otherwise let me know. I mainly trade 4H.

If this is not something mentioned in Big E's rules, then my bad lol. If so, i imagine theres still other people here using the same rule.

Good day!
  • #91,684
  • Oct 3, 2018 7:14pm Oct 3, 2018 7:14pm
NZDJPY


.
  • #91,685
  • Oct 3, 2018 7:22pm Oct 3, 2018 7:22pm
Quoting emmanuel7788
{quote} Hi Peter, You are going in the right direction... My favourite pic below used by many in FF. When trading the H1, be in harmony or synergy with H4 and D1.

Thank you. It is always best to go in the right direction (wink)


Re higher TF's, I've always considered 2 enough.
If I have 3 that is a bonus but not essential.

With this strategy I may be proven wrong in time. That is alright. I will adjust and include 3 TF's.

.
  • #91,686
  • Oct 4, 2018 1:07am Oct 4, 2018 1:07am
Both TF green below 5
Why wait?
Attached Image (click to enlarge)
Click to Enlarge Name: cggjjhgj.PNG Size: 50 KB
  • #91,687
  • Oct 4, 2018 5:20am Oct 4, 2018 5:20am
Today's pick.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 17 KB
  • #91,688
  • Oct 4, 2018 9:15am Oct 4, 2018 9:15am
Todays picks H4

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-fxopen-investments-inc.png Size: 77 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fxopen-investments-inc.png Size: 77 KB
  • #91,689
  • Oct 4, 2018 9:43am Oct 4, 2018 9:43am
i have added pivot sr levels and get batter results this system is very good specially in low volatility time i am trading night and tacking good results
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-04_19-19-59.png Size: 46 KB
Trading is about paying attention. Davit
  • #91,690
  • Edited 10:24am Oct 4, 2018 9:58am | Edited 10:24am
Quoting Divergence
{quote}iddd the missing ingredient in all these systems is understanding market structure. It just never talked about. MS is HH HL LL LH when you view the market this way you will be on the right side more than not
Well "market structure" can look different for each time frame. Trends can change at any time. So this doesnīt move the odds in your favor because each new TDI crossover signal you get no matter how great underlying market structure, higher time frame trend will look. It can turn instantly against you right after you entered a position. Same with all other indicators or PA patterns teached to make this strategy successfully.

So the only real important question to me would be. How often (percentage advantage) by the end of X signals BigE took on the H4 he ended up in positive results following the rules he provided. I could not even find 1 demo account here or backtest providing such data over lets say 1 year of trading.

People here trading the TMS do exactly what "professional" mentors like Mark Douglas tried to explain they should avoid. Itīs analysing each new TDI crossover signal they see on a chart and start making a good guess / analyse why this signal should be taken or not (give each new signal more attention why its maybe "good" or "bad") instead of trading every of these signals if the "edge" is simply that they know about the fact after 300 trades they have X result, if results are positive the strategy might be worth trading, if its negative its probably not worth trading, quiet simple to understand or?

People here seems to trade exactly like this, by a trade by trade example. Not accepting any larger losing strike. Maybe tying to become the trader of the year. I could not find 1 person here trading this strategy as a business. Probably thats also the reason why there is not one bigger picture of trading results over a longer period of time. I meean this strategy was introduced 2011, Itīs almost 2019. Not one that i could found.

Here these are my results since beginning Sep. So almost 1 month. Where i tried to trade only TMS Signaly by the rules of BigE for M15/H1.

Attached Image (click to enlarge)
Click to Enlarge Name: results.jpg Size: 142 KB


Attached Image (click to enlarge)
Click to Enlarge Name: picture-2.jpg Size: 150 KB
  • #91,691
  • Oct 4, 2018 10:24am Oct 4, 2018 10:24am
Quoting lddd
{quote} Well "market structure" can look different for each time frame. Trends can change at any time. So this doesnīt move the odds in your favor because each new TDI crossover signal you get no matter how great underlying market structure, higher time frame trend will look. It can turn instantly against you right after you entered a position. Same with all other indicators or PA patterns teached to make this strategy successfully. So the only real important question to me would be. How often (percentage advantage) by the end of X signals BigE...
Nice entry's Iddd.
In the meantime trade what the market is willing to give to you. Next year this time you got your own verified trading results done by yourself.
Why is results so important?
  • #91,692
  • Oct 4, 2018 10:48am Oct 4, 2018 10:48am
Quoting Tekkies
Why is results so important?
Because i would like to invest a much larger amount into trading the TMS and because wasting time just to generate my own results is a huge thing for me. I simply donīt have that much time and highly doubt i will keep up trading on such daily base until the next year.

So my hope actually was to find at least 1 person can provide some reliable past results after all the fact this strategy exists since 2011 here.

Its like going to the doctor Tekkies. You would not go to the one just finished with their studies doing a heart transplant on you. So do i not want to invest a fortune into something not even able to give me at least some reliable proof if itīs maybe worth the money or time investing in.
  • #91,693
  • Oct 4, 2018 11:23am Oct 4, 2018 11:23am
Quoting lddd
{quote} Because i would like to invest a much larger amount into trading the TMS and because wasting time just to generate my own results is a huge thing for me. I simply donīt have that much time and highly doubt i will keep up trading on such daily base until the next year. So my hope actually was to find at least 1 person can provide some reliable past results after all the fact this strategy exists since 2011 here. Its like going to the doctor Tekkies. You would not go to the one just finished with their studies doing a heart transplant on you....
I kinda agree on this, ive been following the system for a while now, and therefore also the thread. To me, it seems really odd and fishy that no one here is posting their results, lets say over x amount of months or years. Especially because we have people here with 1000s of posts, having spent ages on this forum and using the system, yet no results anywhere. A few backtests here and there, but of what use is that really?
It makes me feel like people are just trading it with bad results, or mediocre results, but dont want to admit it and therefore not posting anything of significance, yet they keep discussing the strategy here.

For me, I only trade it on 4h, and my sample size is too small at this point to show anything.
  • #91,694
  • Oct 4, 2018 11:25am Oct 4, 2018 11:25am
Quoting Pagh
{quote} I kinda agree on this, ive been following the system for a while now, and therefore also the thread. To me, it seems really odd and fishy that no one here is posting their results, lets say over x amount of months or years. Especially because we have people here with 1000s of posts, having spent ages on this forum and using the system, yet no results anywhere. A few backtests here and there, but of what use is that really? It makes me feel like people are just trading it with bad results, or mediocre results, but dont want to admit it and...
You will learn the most from your losing Trades
  • #91,695
  • Oct 4, 2018 11:31am Oct 4, 2018 11:31am
Quoting lddd
{quote} Well "market structure" can look different for each time frame. Trends can change at any time. So this doesnīt move the odds in your favor because each new TDI crossover signal you get no matter how great underlying market structure, higher time frame trend will look. It can turn instantly against you right after you entered a position. Same with all other indicators or PA patterns teached to make this strategy successfully. So the only real important question to me would be. How often (percentage advantage) by the end of X signals BigE...
After having watched your post and results, i went into the 15 min TF to see how the TDI would cope with it. How do you avoid all the noise? Just today on the GPBUSD 15 Min TF there has been 10 signals, mixed buy sell buy sell - but overall the trend has only been up all day. What filters do you use to avoid these? Just the market structure as you explain?
  • #91,696
  • Oct 4, 2018 4:48pm Oct 4, 2018 4:48pm
Quoting Pagh
I kinda agree on this, ive been following the system for a while now, and therefore also the thread. To me, it seems really odd and fishy that no one here is posting their results, lets say over x amount of months or years.
We are all students here. The OP passed away over 7 years ago. No one here owes you anything. If the TMS system looks interesting then test it and draw your own conclusions. Lazy people expect others to prove things to them, as if my results would match yours. The system does require decisions to be made -- so, unless I'm looking over your shoulder and holding your hand then we are bound to have different results. Even a novice trader would acknowledge that.

This is a thread with over 90000 posts and that continues to interest people long after the OP has died. If that doesn't give you a clue, then nothing will. If it seems "odd" or "fishy" then use your gut instinct and move on. I think there may be one or two other trading systems you could explore here at FF.
  • #91,697
  • Oct 4, 2018 5:20pm Oct 4, 2018 5:20pm
Quoting eelfranz
Is that possible? Yes. Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies... I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a lot...
@eelfranz Sir Really really appreciating you you did a hard work on this system after losing the money i found your system its easy to use and very simple thank you
Trading is about paying attention. Davit
  • #91,698
  • Oct 4, 2018 5:56pm Oct 4, 2018 5:56pm
Quoting asgharhussai
{quote} @eelfranz Sir Really really appreciating you you did a hard work on this system after losing the money i found your system its easy to use and very simple thank you

Hi,

You read the OP's first post.
Now you must read his other 462 posts in this thread.

His last post below is important.

Quoting eelfranz
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. Snarlyjack - Good to hear from you old friend. We have stood back to back in battle more than a few times. May your trades be blessed buddy. Come visit more often. Big E
take notes, shall we all start compare our notes?

Introduction to Trading Made Simple
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,699
  • Oct 4, 2018 5:58pm Oct 4, 2018 5:58pm
Quoting asgharhussai
{quote} @eelfranz Sir Really really appreciating you you did a hard work on this system after losing the money i found your system its easy to use and very simple thank you
What is your sample size and time spent testing it?
  • #91,700
  • Oct 4, 2018 6:18pm Oct 4, 2018 6:18pm
Disclaimer
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
320 traders viewing now