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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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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #91,701
  • Edited 9:42pm Oct 4, 2018 8:18pm | Edited 9:42pm
Quoting lddd
{quote} Well "market structure" can look different for each time frame. Trends can change at any time. So this doesn´t 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...
In the end, TMS requires a lot of screen time both before and after in the learning process before the trader becomes profitable. The question needs to be asked is that time well spend. Warren Buffet once said if you don’t make money while your sleep, you won’t retire wealthy.
How valuable is your time?
Is that TDI cross that important?
Trading thin liquidity at the boundary of the charts
  • #91,702
  • Oct 4, 2018 9:25pm Oct 4, 2018 9:25pm
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
TMS easy?
Are you sure? The rules are simple. Have yet to find the easy part. Can you explain the "easy" by means of a chart please.
  • #91,703
  • Oct 4, 2018 10:11pm Oct 4, 2018 10:11pm
Quoting RickM
{quote}Is that TDI cross that important?
Rick
Yes, in this method, elsewhere would not know. It supply an anker for a trader to work from. How other traders can trade with a naked chart I don't know. With out that cross I find that every completed bar and the previous bar form either a pin bar, double top, evening star and every pattern in between. Which bar, two bar or three bar is the right bar (group) to use for entry and exit have eluded me.
The crossover is like a traffic robot.
- Have cross (green light) find that pin bar, double top, evening star and every pattern in between right above the crossover.
- Bar 3,4 after cross (yellow light) Be careful, reconceder entry
- No cross (red light) Stop trading and wait for green light
  • #91,704
  • Edited 3:15am Oct 5, 2018 2:09am | Edited 3:15am
Quoting RickM
{quote} Is that TDI cross that important?
How much time does it take to analyse an H4 chart for a Pass/Fail signal?

Just asking.

Quoting Tekkies
{quote} TMS easy? Are you sure? The rules are simple. Have yet to find the easy part. Can you explain the "easy" by means of a chart please.
Yes, it is easy. People like to catch falling knives and crow about how they picked a bottom or a top is the real issue I think Tekkies.

People want to take crosses against the trend. People want to take crosses in a trading range.

Easy. Take a chart, divide it into four parts. If three parts agree, trend. If four parts agree, strong trend. If two parts agree, trading range.
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Four weeks ago, up
Three weeks ago, up
Two weeks ago, up
This week, up.

But someone is going to be smarter than price and sell a TDI cross. It is just human nature.

I am in a giving mood today so I will even throw in some money management.

1. Take your capital, divide it into whatever number you want.
2. Take that capital, divide it into four.
3. Take that capital, divide it into however many trades you want to take to get into a full position.
4. Divide the chart into four equal parts.---Strong trend, full position. Trend, 0.75 of position.

If you are an addict and must trade lest you die, Trading Range 0.5 of position.

If you are an addict and must trade lest you die, nor are you especially smart, CounterTrend 0.25 of position.

There it is, TRADING MADE SIMPLE.
If you are good at something, never do it for free--Joker
  • #91,705
  • Oct 5, 2018 2:54am Oct 5, 2018 2:54am
Quoting jmn5611
{quote} How much time does it take to analyse an H4 chart for a Pass/Fail signal? Just asking. {quote} Yes, it is easy. People like to catch falling knives and crow about how they picked a bottom or a top is the real issue I think Tekkies. People want to take crosses against the trend. People want to take crosses in a trading range. Easy. Take a chart, divide it into four parts. If three parts agree, trend. If four parts agree, strong trend. If two parts agree, trading range.{image} Four weeks ago, up Three weeks ago, up Two weeks ago, up This...
If you consider PA is king quite a while. I trade 21 pairs so that’s about two minutes per pair to look where the support and resistance areas are so 40 minutes. So that 40 minutes at least 4 times a day so now we are looking at 2 hours 40 minutes per day without taking into account other factors. It is actually quite a lot of time so please don’t say a quick look look is good enough.
There is nothing simple and quick about studying crosses, not if your’e considering every risk or reward.
Trading thin liquidity at the boundary of the charts
  • #91,706
  • Oct 5, 2018 3:12am Oct 5, 2018 3:12am
Quoting RickM
{quote} If you consider PA is king quite a while. I trade 21 pairs so that’s about two minutes per pair to look where the support and resistance areas are so 40 minutes. So that 40 minutes at least 4 times a day so now we are looking at 2 hours 40 minutes per day without taking into account other factors. It is actually quite a lot of time so please don’t say a quick look look is good enough. There is nothing simple and quick about studying crosses, not if your’e considering every risk or reward.
Not all the pairs would cross at the same time, so if there is a signal on a chart, I look at that pair and only that one.
Success means going from failure to failure without loss of enthusiasm
  • #91,707
  • Oct 5, 2018 3:13am Oct 5, 2018 3:13am
Quoting RickM
{quote} If you consider PA is king quite a while. I trade 21 pairs so that’s about two minutes per pair to look where the support and resistance areas are so 40 minutes. So that 40 minutes at least 4 times a day so now we are looking at 2 hours 40 minutes per day without taking into account other factors. It is actually quite a lot of time so please don’t say a quick look look is good enough. There is nothing simple and quick about studying crosses, not if your’e considering every risk or reward.
I only trade the majors, and the way I do things it takes 4 seconds to determine trend. Maybe another 30 seconds to place the order. I know my position sizing several trades in advance. Because I scale into my position in the direction of the trend risk is always less than the maximum allowable loss.

I like to make things easy on myself.
If you are good at something, never do it for free--Joker
  • #91,708
  • Oct 5, 2018 3:39am Oct 5, 2018 3:39am
TMS Monitor ... 35 mins to H4 bar/candle close.

the TDI P-Slope and C-Slope and the C-TDI cross will show if there is Green bounce Red or Green cross Red, .

but it is Friday, so no H4 trade for me and also because it is NFP today, close shop for the weekend.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,709
  • Oct 5, 2018 3:53am Oct 5, 2018 3:53am
Quoting RickM
{quote} If you consider PA is king quite a while. I trade 21 pairs so that’s about two minutes per pair to look where the support and resistance areas are so 40 minutes. So that 40 minutes at least 4 times a day so now we are looking at 2 hours 40 minutes per day without taking into account other factors. It is actually quite a lot of time so please don’t say a quick look look is good enough. There is nothing simple and quick about studying crosses, not if your’e considering every risk or reward.
I trade PA on 4H on 20 pairs. I draw SR-levels for daily and weekly. That I use maybe 2 hours for all the pairs if I do it from scratch. But usually I only update SR-levels at NY-close every day. That take only 15 minutes. I use also SR-level on 4h, but I do not draw these, I only check these when i got a setup. Every 4h I use only 2-3 minutes to look at all charts for setups. If I see setup(s) I use maybe 2 minutes on every entry (including checking the news). I also use very little time on trade management. Set only SL to break even after 1R. So I guess I use only 30 minutes on trading each day.

I have traded for 6 years so if you are new you need a lot of time .

Paal
  • #91,710
  • Oct 5, 2018 4:38am Oct 5, 2018 4:38am
Quoting jmn5611
{quote} I only trade the majors, and the way I do things it takes 4 seconds to determine trend. Maybe another 30 seconds to place the order. I know my position sizing several trades in advance. Because I scale into my position in the direction of the trend risk is always less than the maximum allowable loss. I like to make things easy on myself.
Sounds like you need to Automate the whole strategy and save even more time.

So I see Sunday night has an event your'e been waiting for all year.
Trading thin liquidity at the boundary of the charts
  • #91,711
  • Oct 5, 2018 5:03am Oct 5, 2018 5:03am
Quoting RickM
{quote} Sounds like you need to Automate the whole strategy and save even more time. So I see Sunday night has an event your'e been waiting for all year.
I think is difficult to fully automate it because a program can not see the price in the same way a human can (I will use a lot of time to make a program that may not work well). But I can automate the entry process and trade management. Now I use this https://www.myfxbook.com/forex-calcu.../position-size to calculate lot size based on %. I think it should be easy to make an expert adviser that automatically calculate position size from % based on some type of entry line and sl line. This expert adviser should also support order and trade management. If i get bored maybe I will program such expert adviser
  • #91,712
  • Oct 5, 2018 5:20am Oct 5, 2018 5:20am
+21 Dax. Lazy morning in bed and late to the party.

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Anybody make any serious money this morning?
'in less than half an hour he made over 100 ticks'
  • #91,713
  • Oct 5, 2018 6:14am Oct 5, 2018 6:14am
Quoting kirinda
{quote} I think is difficult to fully automate it because a program can not see the price in the same way a human can (I will use a lot of time to make a program that may not work well). But I can automate the entry process and trade management. Now I use this https://www.myfxbook.com/forex-calcu.../position-size to calculate lot size based on %. I think it should be easy to make an expert adviser that automatically calculate position size from % based on some type of entry line and sl line. This expert adviser should also support...
Hi Kirinda

I've been there, done that with a EA. Without repeating a post I placed a few weeks back, its not that profitable. If you lose the TDI and base it around the stochastic and alter the lot size, it looks promising.
Trading thin liquidity at the boundary of the charts
  • #91,714
  • Oct 5, 2018 8:35am Oct 5, 2018 8:35am
Quoting onejester
Anybody make any serious money this morning?
Looks like this is what you've been looking for.

LOL
Toxic Flow for FX Brokers.
  • #91,715
  • Oct 5, 2018 8:51am Oct 5, 2018 8:51am
While slightly of subject, this link has a news ticker that is updated about every 3 mins. Forex Factory also has links to news you should check out too.

https://www.marketwatch.com/newsviewer
  • #91,716
  • Oct 5, 2018 8:58am Oct 5, 2018 8:58am
Quoting RickM
{quote} Hi Kirinda I've been there, done that with a EA. Without repeating a post I placed a few weeks back, its not that profitable. If you lose the TDI and base it around the stochastic and alter the lot size, it looks promising.
I read your post and I think you have to use a lot of time to write and manage the EAs. I think I will continue with manual trading because I think it is funny in addition to earn money. I feel also I have more to learn too. To be really good at something I think it's true that you need 10000 hours. After 6 years I guess I have used 5000 hours on forex. So I have 5000 hours more to say I'm really good at it (I know there are peoples
here at FF that think they are experts at very short time ).
  • #91,717
  • Oct 5, 2018 9:26am Oct 5, 2018 9:26am
Quoting ensale
{quote} this 30 second thing is bullshit, you need time for setups to come your way.. spend time to observe charts.. speed =missing thing's . So i agree with you rick. yet for other's it may work with less factor's for them to check
Hi Ensale

Probably because every time we open up a chart, we have to re-focus our brains from our daily lives. Please excuse this rest of the post as its Friday night and I've had a few beers.

I like this interesting test of human mental abilities. Place 10 different size shape blocks on a table in the next room with the light on and door open.
On the first visit there, walk there to remember every block size, shape and colour you witnessed, then return to the first room to write down a list of these blocks.
On the second visit, repeat this process with different blocks but turn off the light and close the door of the room you entered from. That means when you re-enter the room to write down the list of blocks, you will have to open the door and turn back on the light before completing your list.

So, what normally happens when you open the door and turn on the light is FEAR occurs. Is there some person hiding in the room that may harm me. This change of mental state makes most people forget half of the blocks they witnessed only 30 seconds ago.

My point is every time we open a chart (door) and look at the screen (light on) a instant of emotion, fear, greed hits us clouding our judgement. This takes some time to clear before we can successfully see a signal, relax and therefore take a trade.

So I suggest every trader turn on every light on the house, open up every door within sight and trade with smaller lot sizes.
Trading thin liquidity at the boundary of the charts
  • #91,718
  • Oct 5, 2018 9:51am Oct 5, 2018 9:51am
Quoting emmanuel7788
{quote} 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. {quote} take notes, shall we all start compare our notes? Introduction to Trading Made Simple
will read all the posts of OP's in this thread
thank you for your advice
Trading is about paying attention. Davit
  • #91,719
  • Oct 5, 2018 10:45am Oct 5, 2018 10:45am
Quoting RickM
{quote} Hi Ensale Probably because every time we open up a chart, we have to re-focus our brains from our daily lives. Please excuse this rest of the post as its Friday night and I've had a few beers. I like this interesting test of human mental abilities. Place 10 different size shape blocks on a table in the next room with the light on and door open. On the first visit there, walk there to remember every block size, shape and colour you witnessed, then return to the first room to write down a list of these blocks. On the second visit, repeat this...
well said..

last line
It's in fear when people show what they truly value.
  • #91,720
  • Oct 5, 2018 11:41am Oct 5, 2018 11:41am
I got so caught up arguing with bitter old guys I forgot to post my September stats for the month. I will even show what I pulled out of market for the month. Wont do this again since I don't like to show my money.

I've seen some traders posting live trades and actually making this a real thread. Keep it up. Now, if we can get the "professionals" to show how they do monthly with this system... As you have seen from my last live trades I posted that I was short with usdjpy and audjpy. I've killed those pairs all week. No need for me to post anymore stats. October will be my best month this year hopefully.

Good weekend.

The thread is back to the TMS traders. Over and out
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