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Trading Made Simple

  • #92,701
  • Dec 31, 2018 5:47pm Dec 31, 2018 5:47pm
I don't understand why people make this system so complicated. If you follow the rules and(what I think is very important) place your stop loss 1 or 2 candles above or below the previous entry candle this system is gold. Just as Big E said. If you back test, almost every time the price goes into profit....this is not hard. People over-complicate this system. Yes you have to be able to have sometimes larger pip draw downs. This should be a known fact because even Big E said he would make an entry and go to bed and wake up 8 hours later to check his trade.
Make it as perfect as you can....
  • #92,702
  • Dec 31, 2018 5:55pm Dec 31, 2018 5:55pm
Also, I do not enter the tdi crosses when the heiken candles have long wicks or wicks the same size as the body. Solid large heiken candles show strength and that is what you want to trade.
Make it as perfect as you can....
  • #92,703
  • Dec 31, 2018 6:25pm Dec 31, 2018 6:25pm
People also need to learn how to take profit when large pip moves are made. Depending on your time-frame you are trading if you get a move with 20,40,60,80,100 pip moves. These are just examples. Do not let the price reverse on you. Take the profit. You need to get a feel for when to take profit on these trades. You will come to realize eventually what a good pip move is depending on market conditions and price action. Another good rule of thumb is when you get a loss.(which is going to happen) If you lost lets say for example 30 pips, if my next trade goes into profit 45 or 60 pips. I take profit. That is 1 1/2 or double your profit. It makes up for the loss and adds value to the account. Remember to use the 1 or 2 heiken candles back rule for a stop loss.
Make it as perfect as you can....
  • #92,704
  • Dec 31, 2018 6:54pm Dec 31, 2018 6:54pm
I'm going to finish this year with a very nice profit and will be starting my 2 week vacation tomorrow. It will be 2 weeks worth of heavy beer drinking and good food eating. Wish the best to all and we will talk soon. A trip from Chicago to South Dakota’s Black Hills is where I will be. I don't run from winter. I embrace it's beauty. The rest of you can have your hot humid spots. lol just kidding. You are all a great group of traders and learners. Talk to you soon and I wish you all the best. I may pop in here and there to spy on you all. Cheers
Make it as perfect as you can....
  • #92,705
  • Dec 31, 2018 6:58pm Dec 31, 2018 6:58pm
Quoting philstodd
I don't understand why people make this system so complicated. If you follow the rules and(what I think is very important) place your stop loss 1 or 2 candles above or below the previous entry candle this system is gold. Just as Big E said. If you back test, almost every time the price goes into profit....this is not hard. People over-complicate this system. Yes you have to be able to have sometimes larger pip draw downs. This should be a known fact because even Big E said he would make an entry and go to bed and wake up 8 hours later to check his...
The backtesting was hard - i recently found a simulator which allowed to do this rather than look at static charts.

What i'm finding in the simulator, the rules keep me out of bad entries, but i also miss a lot of profitable trades. How many trades would you expect to be taking in a week on the H1 using TMS? I mostly only trade the majors i.e .EURUSD, USDJPY, AUDUSD, GBPUSD, USDCAD, USDCHF and AUDNZD.

Thanks
  • #92,706
  • Dec 31, 2018 7:07pm Dec 31, 2018 7:07pm
Quoting AkronD
{quote} The backtesting was hard - i recently found a simulator which allowed to do this rather than look at static charts. What i'm finding in the simulator, the rules keep me out of bad entries, but i also miss a lot of profitable trades. How many trades would you expect to be taking in a week on the H1 using TMS? I mostly only trade the majors i.e .EURUSD, USDJPY, AUDUSD, GBPUSD, USDCAD, USDCHF and AUDNZD. Thanks
Akron. Yes you are correct. It will also keep you out of profitable trades also, but the main thing is to not have many losing trades. Factor in price action, levels, trendlines, and candle formations and this system keeps up to its name. I mainly trade the major pairs also, but I also trade pairs where the spreads are below 4 pips. I cant give an exact amount of trades a week, but I can say for sure I can find a good trade once a day after checking all the pairs for great entries. I too trade mainly the 1 hour and 4 hour charts.
Make it as perfect as you can....
  • #92,707
  • Dec 31, 2018 7:12pm Dec 31, 2018 7:12pm
Excellent information guys....I can't stop liking the expertise present...and many ideas and discussion too....in 3hrs here in my country will be 2019 and i want to say ......Happy New Year to you guys and FF staff,peace,love and prosperity...and may more pips to be bagged inthe new year and beyond :-) ...thanks for keeping TMS alive and kicking.....really appreciate I have been trying to read from page 1 and even the PDF created. Can you all let me know what indis are in use as of now,or direct me where I can download....or is post #1 still valid from Big E.

Thank you again.
  • #92,708
  • Dec 31, 2018 7:15pm Dec 31, 2018 7:15pm
Quoting philstodd
{quote} Akron. Yes you are correct. It will also keep you out of profitable trades also, but the main thing is to not have many losing trades. Factor in price action, levels, trendlines, and candle formations and this system keeps up to its name. I mainly trade the major pairs also, but I also trade pairs where the spreads are below 4 pips. I cant give an exact amount of trades a week, but I can say for sure I can find a good trade once a day after checking all the pairs for great entries. I too trade mainly the 1 hour and 4 hour charts.
Wow - that's a bit of a myth buster - i had an impression people were finding a large number of trades, which made me constantly wonder whether i was doing the right thing.

Couple of things about the TDI -

a) Do you ensure that the Yellow / Red / Green are moving in the same direction?
b) Would you enter a buy (given everything else was okay) - if the cross was near the 32 line? vice versa for the sell, near the 68 line? Or would you wait for it to be closer to the 50 line?

Thanks
  • #92,709
  • Dec 31, 2018 7:27pm Dec 31, 2018 7:27pm
Quoting AkronD
{quote} Wow - that's a bit of a myth buster - i had an impression people were finding a large number of trades, which made me constantly wonder whether i was doing the right thing. Couple of things about the TDI - a) Do you ensure that the Yellow / Red / Green are moving in the same direction? b) Would you enter a buy (given everything else was okay) - if the cross was near the 32 line? vice versa for the sell, near the 68 line? Or would you wait for it to be closer to the 50 line? Thanks
Akron all I can say mainly is I trade this system with heavy price action to keep it highly accurate. Things to look for is: are we in a trend??? Are we in a ranging market?? How far are we from the high and lows of the levels?? I just look simply at the TDI crosses to look for trades and then I check all the things I said above to confirm that cross and enter. You gotta understand this system is mainly used to keep the psychological difficulty out of trading. Psychology can destroy a trader. I also rely heavily on using those heiken candles for my stop loss levels.
Make it as perfect as you can....
  • #92,710
  • Dec 31, 2018 7:36pm Dec 31, 2018 7:36pm
Akron, maybe some people find many trades, but I just don't look at one chart and enter a trade that "looks good". I check ALL charts and find the best TDI cross in correlation with price action and take that trade. I definitely compare one possible trade to all the other charts that may have good trades. Taking the best setup is always the smartest thing to do. Angle of the TDI cross and trend continuation or price action levels. Once anyone gets good with this system and price action you can spot a "clean" chart that flows beautifully whether it be a trend or ranging market.
Make it as perfect as you can....
  • #92,711
  • Dec 31, 2018 8:04pm Dec 31, 2018 8:04pm
Hello Folks,

Attached Image


A new year with more trading challenges.

My biggest challenge is to carry forward my trading CONSISTENCY achieved in 2018 into this new year 2019.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,712
  • Jan 1, 2019 1:12am Jan 1, 2019 1:12am
Quoting philstodd
I don't understand why people make this system so complicated. If you follow the rules and(what I think is very important) place your stop loss 1 or 2 candles above or below the previous entry candle this system is gold. Just as Big E said. If you back test, almost every time the price goes into profit....this is not hard. People over-complicate this system. Yes you have to be able to have sometimes larger pip draw downs. This should be a known fact because even Big E said he would make an entry and go to bed and wake up 8 hours later to check his...
System is not complicated. Never was and never will be. What is so difficult to trade a TDI crossover?
The problem is traders don't or are unwilling to learn Post#647 with Support / Resistance level is all about.
How to apply those basic Forex principle to confirm the validity of any TDI crossover before placing a trade.
(Your post: Post 92,709 confirm what BigE wrote Post 647.)

Have to warn you Philstodd and readers that TDI crossover is not "that" reliable. It will lead to false expatiation and should not be trusted. It is always the best to do life forward testing.

Agree with your Post 92,703. I don't try to get big pip count or huge profit. If it does go that high then it is part of trading if it does not then I try again and again. The learning wheels TDI and Stochastics work's extremely well. Just love them for they do work extremely well.
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Keep on wondering why emmanuel7788 always post this: "The TDI is not an edge / You need to find your WINNING EDGE and the TDI is not in the winning edge equation"
  • #92,713
  • Jan 1, 2019 3:18am Jan 1, 2019 3:18am
If you are still wondering why, then you must read this below in full and not just a small part of it. You need to read, study and follow the OP posts here is Forex Factory. How he started like you and me as a newbie trader in 2008 and he spent 6,000 hours and 2 years to develop this 5-Method. You will understand why he used the Stochastics and then added the Traders Dynamic Index. he can trade without both these two indicators and if you still cannot trade without these, then you have not learn how he interpret price action on his charts and you still have not mastered how to trade price action the way he did. You must then go back and start readin his posts from the beginning and read his old thread.

more than 7 years since the OP passed away and people here are still spending too much time looking for the right TDI version that can make them money.

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.

You must also spend more time on Money Management and on Mental Strategies.

CONSISTENCY is an EDGE.

How do you achieve CONSISTENCY?

How do you maintain trading CONSISTENCY to create your own winning edge.

I removed the TDI from my trading in 2018 and focus mainly on price action what the OP mentioned in Post#647. I could achieve and maintain a profitable account.
January 2018 was a rough start and suffered a 16.6% drawdown but I managed to recover from the mistake made in money management and position sizing.

This year 20149, I will continue to trade TMS EVO.

What is EVO is trading made simple EVOLUTION without the TDI.

This account below only traded one currency pair - USDJPY for the entire 11 months. No trades in December because I was travelling on holidays.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,714
  • Jan 1, 2019 3:40am Jan 1, 2019 3:40am
Quoting scsstnt
Excellent information guys....I can't stop liking the expertise present...and many ideas and discussion too....in 3hrs here in my country will be 2019 and i want to say ......Happy New Year to you guys and FF staff,peace,love and prosperity...and may more pips to be bagged inthe new year and beyond :-) ...thanks for keeping TMS alive and kicking.....really appreciate I have been trying to read from page 1 and even the PDF created. Can you all let me know what indis are in use as of now,or direct me where I can download....or is[/highlight]...
Yes, Post#1 is still valid and you must use that TDI Red Green version in Post#25 when you want to trade like Big E did.

Remember these,

1) Take a TDI trade only when the bar closed. Check the price action and the price momentum which you will confirm with the slope / angle of the TDI Green.

2) you do not refresh your charts when you have open trades and you follow his exit rules.

3) when you back-test with this TDI version, what you see in history charts are not the same in live market conditions. This TDI version repaints several bars in history.

and a few more other conditions which you must check against Post#647.

Have Fun,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,715
  • Jan 1, 2019 3:41am Jan 1, 2019 3:41am
Hi all,

I know this has probably been asked multiple times, but I really am confused.

Where are the most up-to-date indicator to download?. Also is there a post In can read of the full strategy ?

I am new to trading and would like to learn but was not sure where to start reading as this threas is now very long indeed.

Thanks and happy New year
  • #92,716
  • Jan 1, 2019 3:55am Jan 1, 2019 3:55am
Quoting Tekkies
{quote} System is not complicated. Never was and never will be. What is so difficult to trade a TDI crossover? The problem is traders don't or are unwilling to learn Post#647 with Support / Resistance level is all about. How to apply those basic Forex principle to confirm the validity of any TDI crossover before placing a trade. (Your post: Post 92,709 confirm what BigE wrote Post 647.) Have...
For me TMS is not complex, however i'm not profitable because i have difficulty identifying the "correct" Support and Resistance levels - this feels very subjective.

There are lots of minor levels which people qualify as Support and Resistance. The more subjective something is, the more time it takes to master.

Post 647: "How close am I to the previous high or lo"

Is that all that you do for identifying a potential level? Do you validate whether a level is significant?

If its just previous high and low then i should only have 2 lines on my chart indicating potential levels - that does make it easier.

Thanks
  • #92,717
  • Jan 1, 2019 5:49am Jan 1, 2019 5:49am
Quoting emmanuel7788
If you are still wondering why, then you must read this below in full and not just a small part of it. You need to read, study and follow the OP posts here is Forex Factory. How he started like you and me as a newbie trader in 2008 and he spent 6,000 hours and 2 years to develop this 5-Method. You will understand why he used the Stochastics and then added the Traders Dynamic Index. he can trade without both these two indicators and if you still cannot trade without these, then you have not learn how he interpret price action on his charts and you...
- Read Post 2,617 carefully again. Try and understand what Read above... really mean in that post.
Ask yourself why would BigE spend 2 years and countless hours to develop a method only to strip everything from the chart. It contradict what BigE posted in Post#1:
I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking at my simple chart it just shouted out what I needed to do and developed a method that is 70-80%+ wins for me on a regular basis. It took over 2 years to develop this method. I worked hard... late nights and weekends to. I was so hungry for success.
- CONSISTENCY is achieved by follow the rules of the method in use.
Chart's posted show consistency and from Post#2317: There is a handful who trade it correctly here who are rewarded nicely...
- The last time I checked Post 647 mentioned TDI and Stoch. Are we using the same Post#647?
- The rest of your post is about you. Hope you start a thread of your own Emmanuel. Call it "TMS EVO". Don't forget to invite members to TMS EVO like you have done in the past with TMS.
-------------
Your post still does not say why TDI and Stoch is not in the winning equation.
  • #92,718
  • Jan 1, 2019 6:03am Jan 1, 2019 6:03am
Quoting emmanuel7788
{quote} Yes, Post#1 is still valid and you must use that TDI Red Green version in Post#25 when you want to trade like Big E did. Remember these, 1) Take a TDI trade only when the bar closed. Check the price action and the price momentum which you will confirm with the slope / angle of the TDI Green. 2) you do not refresh your charts when you have open trades and you follow his exit rules. 3) when you back-test with this TDI version, what you see in history charts are not the same in live market conditions. This TDI version repaints several bars...
Thank you very much my friend....... I will keep practicing TMS the way it should be done.......appreciate your time :-)
  • #92,719
  • Jan 1, 2019 6:07am Jan 1, 2019 6:07am
Quoting AkronD
{quote} For me TMS is not complex, however i'm not profitable because i have difficulty identifying the "correct" Support and Resistance levels - this feels very subjective. There are lots of minor levels which people qualify as Support and Resistance. The more subjective something is, the more time it takes to master. Post 647: "How close am I to the previous high or lo" Is that all that you do for identifying a potential level? Do you validate whether a level is significant? If its just previous high and low then i should only have 2 lines on...
Read this. Post 85,239
Start like that and it will become possible to spot R/S level with out all those lines.
Use Line chart (Alt+3). Works better then Candle chart.
  • #92,720
  • Edited 6:30am Jan 1, 2019 6:16am | Edited 6:30am
Quoting Tekkies
{quote} - Read Post 2,617 carefully again. Try and understand what Read above... really mean in that post. Ask yourself why would BigE spend 2 years and countless hours to develop a method only to strip everything from the chart. It contradict what BigE posted in Post#1: I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking at my simple chart it just shouted out what I needed to do and developed a method that is...

Here is screen shot of Post 2617.
Attached Image (click to enlarge)
Click to Enlarge Name: Big E Post 2617.png Size: 111 KB


Read that again yourself. In Big E own words, he said "<>It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why? <>"

That means after 3 yeara, from 2008 to 2011, he stripped the TDI and Stochastics from his charts and taking trades became a breeze for him. I believe he did that and was profitable. Can you trade like him and is consistently profitable? That may take you a few more years unless you start reading from his old thread and learn what Big E's knowledge and experience trading Natural Flow Forex system by Craig Harris and Synergy by Dean Malone. You don't have his knowledge and experience. You are very good only at regurgitating his posts by simply cut and paste.

Trading Made Simple can evolve if you have traded that for more than 5 years like I have. How many years have you traded TMS in its original form? All you charts post show you are not trading TMS.

Your trade chart below:
There was no TDI cross at that entry price level.
You were picking TOP and you got lucky.
You did not show a chart using TMS template.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post 92712 chart.png Size: 174 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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