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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

  • #94,761
  • Mar 14, 2019 7:27pm Mar 14, 2019 7:27pm
GBDAUD SELL

It's good trade ?

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  • #94,762
  • Mar 14, 2019 7:56pm Mar 14, 2019 7:56pm
Quoting eInvestFX
GBDAUD SELL It's good trade ? {image}

Good catch on M30.

We are at the end of week trading and H4 looks good, except D1 is sideways and W1 is ranging to the UPside.

Take what the market give today and run.... fast.

support risk ... reaction at BRNs and RNs.
H4 50EMA below PA.
D1 10 EMA
W1 10EMA too faraway.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,763
  • Mar 15, 2019 2:47am Mar 15, 2019 2:47am
DE30 Friday Mar 15 FO

Follow Price Action -

Nice H4 breakout seen with M15 Higher High Higher Low with Higher Close. The breakout direction follows the Weekly PA above it 5EMA, Basic TMS 5-Method.
Next we wait for London to open, see if there will be pull back and pick the next PA setup.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,764
  • Mar 15, 2019 3:01am Mar 15, 2019 3:01am
Hello,

Can i get some advice on how to choose a money management system? Based on what criteria, how do i choose a money management strategy that fits my trading style ? Any books you would recommend on this subject?

Thanks!
focus, manage risk, rinse, repeat
  • #94,765
  • Mar 15, 2019 4:26am Mar 15, 2019 4:26am
@emmanuel7788

Hi.
Thanks for help, i every day learning this system. And learning (David pivots) but your system for me is better.
But for me little bit hard. Forex i learning about 3 month only. I only using real account, with DEMO i not have motivation.

Today short 15 min 30 min down, plus divergence.
Maybe too late sell, but if i make more mistake, i think later will be better for me.

NZDJPY - SELL

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  • #94,766
  • Mar 15, 2019 4:28am Mar 15, 2019 4:28am
DE30 Mar 15 London Open +1

FOLLOW PA:

add-on M15 opportunity for TMS II MEME traders:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,767
  • Mar 15, 2019 6:00am Mar 15, 2019 6:00am
Quoting emmanuel7788
{quote} {image} DE30 Week 11 mid-week UPDATE: So far, this week has been bull. I remain on the buyers side for today with one open basket. We shall see if 11690 will be tested today or maybe tomorrow. If it does, then my bonus for this week.... {image}

DE30 Week 11 Mar 15 .. I got my bonus today.

Not every week is a bonus week. But it is always important to have a big picture view of the market and to have a trade plan. Plan your trade, trade you plan.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,768
  • Mar 15, 2019 6:13am Mar 15, 2019 6:13am
Quoting bill992
Hello, Can i get some advice on how to choose a money management system? Based on what criteria, how do i choose a money management strategy that fits my trading style ? Any books you would recommend on this subject? Thanks!

Hi Bill,

Not sure if you have read some of the old posts from April 2017. But start with this post:

https://www.forexfactory.com/showthr...77#post9796377

and that youtube video linked in that post.

You can do a thread search using keywords "Lotto model", "Cash Flow model", and yoiu find some 35 posts to read.

There are many books by trading gurus but most of that are generic stuff and you wont find anything that will fit your financial plan objectives. You need to know your system and how many trades it will generate and how you use that to create a money management strategy to help you reach your financial goals.
Not easy to discuss this is a public forum but when you are into system development this very important topic can take a good 2 days of brainstorming with few people involve and with a facilitator.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,769
  • Edited 6:45am Mar 15, 2019 6:26am | Edited 6:45am
Quoting emmanuel7788
{quote} Good catch on M30. We are at the end of week trading and H4 looks good, except D1 is sideways and W1 is ranging to the UPside. Take what the market give today and run.... fast. support risk ... reaction at BRNs and RNs. H4 50EMA below PA. D1 10 EMA W1 10EMA too faraway. {image}

It is predictable where price reacts... in short term

D1 hit 10EMA and pulled back very strong.
H4 hit the 50EMA and bounce.

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and look at the H4 TDI ... it still lagging the PA.... so much for TDI being the king.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,770
  • Mar 15, 2019 12:42pm Mar 15, 2019 12:42pm
Quoting bill992
Hello, Can i get some advice on how to choose a money management system? Based on what criteria, how do i choose a money management strategy that fits my trading style ? Any books you would recommend on this subject? Thanks!
The Trading Game: Playing by the Numbers to Make Millions by Ryan Jones. Is a good Book on MM.
Play the hand you were dealt.
  • #94,771
  • Mar 16, 2019 2:02am Mar 16, 2019 2:02am
Quoting Tekkies
{quote} Now why did that happen? SL saved some pips. Trading the pull-back. All indicators will be wrong now {image} Enough time has passed. Safe to trade again? Would not know. ----- Hindsight trading: Even with out SL M15H1 would still walk away with some account growing. The question will always be: - What were you doing when that took place? - How fast were you to close that Buy entery? - How fast did you place an Sell entery? {image}
Follow TDI.
Has become boring to post the same rules (Post 94,406) and chart's over and over. Almost like Tekkies is trying to convince, deliver proof that M15H1 does grow the account daily, weekly, monthly.
----
Going over the trade's of the past week come to realise that no price action was applied (Post#647 points) like S/R level, consolidation, big bar, wicks or any other stuff (metal ignore does have it benefit's).

Is it possible to trade without fancy chart analyzing?
----
Looking at all the V-Line's on H1 it was rather a hectic week trading with M15H1.
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Here are some trades taken on M15

Overall a good trading week.
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  • #94,772
  • Mar 16, 2019 4:17am Mar 16, 2019 4:17am
Quoting eelfranz
For those not having a MT4 Platform : In place of the TDI -> use the CCI set to 6 and for the level enter a 0.0 line. When the line crosses the 0.0 line you normally have a set up. This info was PM'ed to me ...

In place of the TDI -> use the CCI set to 6 and for the level enter a 0.0 line.

Well, its weekend time and good to read the OP' post and do some hindsight paper trading.

Looks like the CCI(6) can replicate the TDI Green line nicely on history chart.

Below GBPAUD H4:
I see the CCI(6) lines are much cleaner and it work in realtime and no re-painting issue which the TDI Red Green Post#25 has.
It also mimick the price action and momentum quite accurately.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,773
  • Mar 16, 2019 4:27am Mar 16, 2019 4:27am
Quoting Davit
{quote} Hi Tekkies Not trying to attack you just trying to be objective.Since you say you are growing your account daily weekly monthly. Could you post your stats like this month so far? or last month. Use this indicator drop it on chart whatever period you select on account it will show.Example below from mine. Thank you {image} {file}



Hey Davit,

I think you can change the start date in your Trade Report to starting 2019.
I know those closed trades are recent weeks and not back to 2017.01.01
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,774
  • Mar 16, 2019 4:41am Mar 16, 2019 4:41am
Quoting Davit
{quote} True did not even notice it.Thanks will do

You can also click on the menu column and it will sort accordingly in order,

For example, if you click on the Symbol column, it will sort the symbol in alphabetical order. Try the rest.
There are newer versions of this Trade Report available at SHF.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,775
  • Mar 16, 2019 5:14am Mar 16, 2019 5:14am
Quoting Davit
Got to run to work but its just my opinion. Had Big E lived he would of dropped the TDI long ego.His experienced would of lead to this decision and I have no doubts about it.He would of not traded this method.Its obvious to experienced trader the flaws.

Well that's just your opinion, nothing more, nothing less. We all have opinions.

The fact is though, that this system of his revolves around the TDI, period. If anyone doesn't like that, that's fine. But no one, NO ONE has the right to come into this thread and pretend to know what Big E might have done and change the course of this system to suit their own opinion. Nothing stopping anyone who no longer trades this system from starting their own thread with their own version of TMS or whatever.

In simple words, if you (or anyone else) doesn't like this system or doesn't like the TDI or thinks that they know better, that's fine. Go somewhere else with your system and leave this one as is for other people to decide whether they want to follow Big E or not.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #94,776
  • Mar 16, 2019 5:51am Mar 16, 2019 5:51am
Quoting Davit
Got to run to work but its just my opinion. Had Big E lived he would of dropped the TDI long ego.His experienced would of lead to this decision and I have no doubts about it.He would of not traded this method.Its obvious to experienced trader the flaws.
I read and studied every of his posts here in FF and I learn by following his trading journey from 2008 to 2011. I learn how he developed his own systems by taking components from other commercial systems and blend them to create own systems. This is what I learned a lot from - his way in doing system development.

And knowing that he was always tweaking and testing, he would have evolved over the past 7 years if he would be alive and trading
His Post#2617 is a hint that he could trade without the TDI.

https://www.forexfactory.com/showthr...18#post4619118

Quoting eelfranz
..2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean? 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? Read above......
But then, we will never know.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,777
  • Mar 16, 2019 7:31am Mar 16, 2019 7:31am
Quoting Davit
{quote} Hi Tekkies Not trying to attack you just trying to be objective.Since you say you are growing your account daily weekly monthly. Could you post your stats like this month so far? or last month. Use this indicator drop it on chart whatever period you select on account it will show.Example below from mine.Its important to back up the claims you make because we got people trading this and its important to see merits of it.Personally I don't think its profitable system unless lots of discretions are made and certainly its not trading made simple...
Hi Davit.
Short answer: Trading account is private.
---
Long answer: Not prepared to walk the road like you did with RoundaRousey. Trolls like to use word's like photoshop, fake TE / FX Blue's account. Not going to waste time with endless post's refuting any post's based on assumption's.
---
General:
- Have posted enough chart's where entery's are all ready break- even plus spread's. That will give you an indication that account does grow.
- Have full confidence that using those simple rules will convince any trader that M15H1 can grow a account. Don't need to prove it with any TE / FX Blue or Trade account script
---
  • #94,778
  • Mar 16, 2019 7:41am Mar 16, 2019 7:41am
Quoting Davit
{quote} Hi Tekkies Not trying to attack you just trying to be objective.Since you say you are growing your account daily weekly monthly. Could you post your stats like this month so far? or last month. Use this indicator drop it on chart whatever period you select on account it will show.Example below from mine.Its important to back up the claims you make because we got people trading this and its important to see merits of it.Personally I don't think its profitable system unless lots of discretions are made and certainly its not trading made simple...
Why is it not simple or profitable, David?
What is so complicated about checking four indicators are confirming the same information:
1. Every-time M15 TDI makes a crossover:
a. Both TDI M15 / H1 green are:
- Between 2 / 4: No trade.
- Between 2 / 1 and 4 / 5: Good signals to enter a trade.
- Between 12 / 1 and 5 / 6: Best signals to enter a trade.
b. Both Stoch confirm direction.
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  • #94,779
  • Mar 16, 2019 7:47am Mar 16, 2019 7:47am
I tested tradereport indicator with my micro small grid automation EA trade..... Full details can be found on TE in my profile page... Without full details, you may think it has impressive result....
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PS - I am not attacking anyone. Just telling the truth....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #94,780
  • Mar 16, 2019 7:53am Mar 16, 2019 7:53am
My humble and short advice: Without full TE, you can't tell he/she is really an excellent trader. Period. Take with a grain of salt.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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