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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

  • #93,081
  • Jan 13, 2019 6:55pm Jan 13, 2019 6:55pm
Quoting AkronD
{quote} In way of some background to my earlier statement: "Easy to intrepret" George C. Lane (you can google who that is): "According to an interview with Lane, the Stochastic Oscillator “doesn't follow price, it doesn't follow volume or anything like that. It follows the speed or the momentum of price" If you are able to look at raw price action and determine momentum - which i think is hard to do - that is great. For me this is where Stochastic / TDI come in. CH uses Stoch Angle for determining momentum, OP uses TDI. Pick your poison. I think...
and the my same conclusion, it is about the amount of time one spends on ...... to achieve one's finanicial goals.

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.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,082
  • Jan 13, 2019 7:07pm Jan 13, 2019 7:07pm
Quoting stevepatt
{quote} Hi Tekkies, The first thread I read on FF was Craig Harris Stochastic's Method, by Eelfranz, Post #2,974 . It was my starting point in the world of Trading. But, as time and my knowledge moved on so did my Trading Style. Personally I think Eelfranz would have also moved his Trading on to another Level, by now, if he was still around to do so. The Markets have certainly changed since Eefranz, with the help of others, was developing this system. The only things...


Good post Steve. You are one of the many people consider as old timers ( or what I call pioneers) who were with Big E back during the good days. Many have moved one and progress to the next level of trading. Many more people will find this thread, give this new people sometime and they will too experience the truth and find their way and they will move on. You can help here and shorten their learning curve and trading journey.

I spent a good number of years with MACD, Stochastics and RSI using these to look for trades. Those days are over and it took many years of trading experience to wean off myself in using lagging indicators. Now I only use MACD and RSI in semi-automated trading EAs not to look for trades but for trade management to perform certain of the trading tasks.

Looking for trades are based on ten things which are derived partly from ten(10) things. Post#647 is vague and subjective, and one post does not cover all the ten(10) things.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,083
  • Jan 13, 2019 7:31pm Jan 13, 2019 7:31pm
Quoting mtharwat
I kept thinking of the fact that Big E would close the trade if retraced about 20 pips against him. On H4 a 20 pip retrace can happen frequently. Then after reading more about his style of trading, I realised that he also weighs another factor. For USD for example, he would look at EURUSD, GBPUSD, AUDUSD and I thing USDCHF. If the pairs are showing same strength or weakness of USD, he would trade TMS system after satisfying the other conditions. I think the same would apply on Yen pairs although I have not yet read that but just assuming. Any way,...

If I risk 15% to 30% of my account on one single entry trade, I would do the same and exit my trade when the market pull-back 15 to 20 pips after my entry.

There are many cases he would stay in the trade which he mentioned often in his posts.

His trade exits were not always based on the TDI Green going flat, tweek, hook, etc.

There are TDI rules and there are his own discretionary rules.

Visual back-testing are the same like what he show in all his training charts. He has very few live trading charts where he show his trade entry level.

The flaw is his training charts is that the TDI Red Green version he used were mostly refreshed and the history of TDI crosses seen one hist training charts may or may not be the same as in live market conditions. This what many consider teaching by hindsight trading.

The best way to learn and gain experience is by forward testing in realtime live market. Compare the TDI Red Green version in Post#25 and the TDI RT version in live realtime market prices. Take note of how the TDIs reacts to the price above.

Also compare the TDIs with the use of Fozzy-RSI.

Have Fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,084
  • Jan 14, 2019 12:17am Jan 14, 2019 12:17am
AUDJPY Jan 14 H4

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H4 Jan 14 GMT0600.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,085
  • Jan 14, 2019 12:40am Jan 14, 2019 12:40am
Quoting AkronD
{quote} Hi mate, pretty much all indicators lag price. The way I interpret TDI is we are trying to follow momentum. One cannot predict where momentum is going to be without fundamentals analysis. if You chase momentum, you will likely be winner. Note the word likely, this is not a 100 percent full proof method, no holy grail. But as traders this is a good thing. I use the TDI, it condenses information for me to something which is quickly intrepratable. Each to their own.
Hi Akron,

As you say each to their own.

But, remember not all Momentum is good to follow.

Watch out for Exhaustion Candles.
  • #93,086
  • Jan 14, 2019 1:02am Jan 14, 2019 1:02am
Quoting Tekkies
{quote} Hi Steve. BigE moved on?He would have been by now on a naked chart. He posted once about a breeze it is trading with out any clutter on a chart. Belief he would have started a new thread and leave Trading Made Simple open like Craig Harris. Trusting member's to only discuss TMS + TDI in this thread, not to change it every few month's. As to the market has change. How come? Go back to any chart / time frame / year. The candles are still doing the same now as they did all those years ago. Going up and down. The debate about lagging indicators...

Hi Tekkies,

Changes occur in the Markets with changes in the Political landscape, the Greek Debt Crisis and Brexit for example. This certainly changes the way the Markets move year on year.

As you say when it comes to Indicators it is very much a personal choice. For me I can read Price far easier than I can read Indicators.

Luckily, for me, I discovered that early in my Trading.

I do suggest you do some research on Market Structure it will help how ever you chose to trade.

It's as simple as Higher Highs / Higher Lows / Lower Lows / Lower Highs.

Good luck to you.
  • #93,087
  • Edited Jan 15, 2019 12:33am Jan 14, 2019 1:29am | Edited Jan 15, 2019 12:33am
Quoting emmanuel7788
{quote} Good post Steve. You are one of the many people consider as old timers ( or what I call pioneers) who were with Big E back during the good days. Many have moved one and progress to the next level of trading. Many more people will find this thread, give this new people sometime and they will too experience the truth and find their way and they will move on. You can help here and shorten their learning curve and trading journey. I spent a good number of years with MACD, Stochastics and RSI using these to look for trades. Those days...

Hi Emmanual,

Everyone Trading Forex is on an Individual journey.

It's a matter of finding what works, for us, as Individuals, as Tekkies says some find Indicators work for them and others use Price.

Many use TMS as a stepping stone before moving to another Level of Trading.

Others, if they are lucky, will find what they need to be profitable from the TMS System as Eeelfranz set it out.

I have no idea who has been profitable using the TMS System, over the years, but it's no good trying to convert everyone to Price Action Trading and thinking it will make them better Traders.

We don't all see the Markets in the same way and nothing is going to change that.
  • #93,088
  • Jan 14, 2019 1:49am Jan 14, 2019 1:49am
Quoting stevepatt
I do suggest you do some research on Market Structure it will help how ever you chose to trade. It's as simple as Higher Highs / Higher Lows / Lower Lows / Lower Highs. Good luck to you.
The problem with reading market structure is that it won´t give you any entry/exit levels out of the box right?

Well you could try identifying 2-3 peaks or lows on a price chart and simply place your buy or sell orders around these numbers. If it would be easy as that everyone should be millionaire.

So if you say you´re able to read a price chart without any indicators you should be also explain your exact trading strategy in more depth than suggesting everyone to learn about "market structure".

I am also no big fan of the indicators, they seems to be very inaccurate and give you tons of false signals but as soon nobody is able to proof a better strategy here giving long term success i am doing quiet ok with them so far. Its at least "something"....
  • #93,089
  • Jan 14, 2019 3:39am Jan 14, 2019 3:39am
Quoting stevepatt
{quote} Hi Akron, As you say each to their own. But, remember not all Momentum is good to follow. Watch out for Exhaustion Candles.
Agree mate - no 100% here
  • #93,090
  • Jan 14, 2019 6:30am Jan 14, 2019 6:30am
Trading currencies sucks these days. Everything up and down in a tight range. Any alternative?
  • #93,091
  • Jan 14, 2019 7:13am Jan 14, 2019 7:13am
Quoting lddd
Trading currencies sucks these days. Everything up and down in a tight range. Any alternative?
Study the work from Steve and Divergence, then manually trade the 1 minute chart.
Also look at the Extreme TMA system which may be the best trading strategy on FF.
Trading thin liquidity at the boundary of the charts
  • #93,092
  • Jan 14, 2019 7:27am Jan 14, 2019 7:27am
Quoting AkronD
{quote} Agree mate - no 100% here
I spend most of my trading time studying the WICKS on bars looking for exhausion and rejection of price.
Attached Image
Trading thin liquidity at the boundary of the charts
  • #93,093
  • Jan 14, 2019 8:03am Jan 14, 2019 8:03am
Quoting lddd
Trading currencies sucks these days. Everything up and down in a tight range. Any alternative?
Right I know . I hear ya . Have to be aooo patient , It’s frustrating for sure , I am open for any options , wondering in today’s forex markets the TDI list does not work effectively on the 4H charts at night during Tokyo market times

Oerhaps trade stocks but there is not much leverage there and start up capital needs to be much greater..
  • #93,094
  • Jan 14, 2019 9:38am Jan 14, 2019 9:38am
Dear All,

within this forum chapter it's all about using a good and profitable strategy in order to trade FX. But did someone tried to use this strategy in order to trade Futures (like E-mini Nasdaq, S&P, FDax etc)?

If so I am wondering the experience which was made trading Futures with this strategy!

Hope to get some positiv replies.

Many thanks and cheers
  • #93,095
  • Jan 14, 2019 10:59am Jan 14, 2019 10:59am
Quoting RickM
{quote} Study the work from Steve and Divergence, then manually trade the 1 minute chart. Also look at the Extreme TMA system which may be the best trading strategy on FF.
Thanks for your kind words Rick. Will look at it. Totally forgot about these guys. shame on me. I think the problem i used to have here is that i could not find any good broker prefarable in the EU for trading the E-Mini Nastaq.
  • #93,096
  • Jan 14, 2019 11:43am Jan 14, 2019 11:43am
Quoting lddd
{quote} The problem with reading market structure is that it won´t give you any entry/exit levels out of the box right? Well you could try identifying 2-3 peaks or lows on a price chart and simply place your buy or sell orders around these numbers. If it would be easy as that everyone should be millionaire. So if you say you´re able to read a price chart without any indicators you should be also explain your exact trading strategy in more depth than suggesting everyone to learn about "market structure". I am also no big fan of the indicators, they...

Hi Iddd,

Here you go an M1 Chart with a M30 Grid for Reference and look to Trade with Structure and Price.

The smaller the TF I use the more detail I see....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 14th Jan 19 GBP:USD M30 Observations.png Size: 109 KB
Click to Enlarge Name: 14th Jan 19 GBP:USD M1 Observations.png Size: 180 KB
Click to Enlarge Name: 14th Jan 19 GBP:USD M1 Observations 2.png Size: 139 KB
  • #93,097
  • Jan 14, 2019 11:53am Jan 14, 2019 11:53am
Quoting RickM
{quote} Study the work from Steve and Divergence, then manually trade the 1 minute chart. Also look at the Extreme TMA system which may be the best trading strategy on FF.

I just had a look at the thread, and for somebody starting today that thread is hard to follow because the OP has removed all indicators and revised the rules, and put new indicators and rules on the first post ....but then the thread starts with the old stuff, and you can't really get to grips with learning because you have the wrong indicators/method ...so this means searching out where exactly in the thread he moved to an updated system and hoping there is enough explanations and examples to be able to trade it, and pray that any questions you have haven't been answered already when the old system was traded as that means going back and searching for a needle in a haystack,


whilst tms has evolved a lot, i like the fact that the OP remains unchanged and if someone wants to start right from the start and trade the original system with the original instructions he can do so. Or he can jump into one of the many updated tms layouts the further he reads.

I don't think I will start following the TMA thread
  • #93,098
  • Jan 14, 2019 12:02pm Jan 14, 2019 12:02pm
Quoting stevepatt
{quote} Hi Iddd, Here you go an M1 Chart with a M30 Grid for Reference and look to Trade with Structure and Price. The smaller the TF I use the more detail I see.... {image} {image} {image}
hey Steve there are micro HHHL pullbacks to s and d you can also profit from
  • #93,099
  • Jan 14, 2019 12:07pm Jan 14, 2019 12:07pm
Quoting stevepatt
{quote} Hi Iddd, Here you go an M1 Chart with a M30 Grid for Reference and look to Trade with Structure and Price. The smaller the TF I use the more detail I see.... {image} {image} {image}


you make it look super easy, but i've seen few people on here who can trade price action like that profitably with that many entries and no indicators

i don't think it's as simple to do profitably as you've depicted.

hh and hl are subjective to a degree also [depending on how you count the swings] - the swing where your first buy on gbpusd m1 shortly after 13:00 on the chart time could technically be a lower low depending on how one counts the swings
  • #93,100
  • Jan 14, 2019 1:08pm Jan 14, 2019 1:08pm
Quoting kain775
{quote} you make it look super easy, but i've seen few people on here who can trade price action like that profitably with that many entries and no indicators i don't think it's as simple to do profitably as you've depicted. hh and hl are subjective to a degree also [depending on how you count the swings] - the swing where your first buy on gbpusd m1 shortly after 13:00 on the chart time could technically be a lower low depending on how one counts the swings
Hi Kain,

It takes both time and practice to understand before you can Trade "it" with confidence.

By Trading M1 I can see far more detail.

Divergence uses Tick Charts to Trade Futures so it can be used at any Fractal Level.
Attached Image (click to enlarge)
Click to Enlarge Name: 14th Jan 19 GBP:USD M1 Observations 3.png Size: 151 KB
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