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Trading Made Simple

  • #97,381
  • Aug 12, 2019 5:06am Aug 12, 2019 5:06am
Quoting Tekkies
{quote} Maybe you are right / maybe you are wrong. Every trader has his or her preferred time frame to trade. Does TMS work on all timeframes? Yes it does. Trading with TMS on M1 is not difficult. With a zero spread account with a low commission rate per trade it can be done. Just don't know how tired you are going to be at the end of each trading day.Constant concentration and fast reflects will tap you tired. Move up with the time frames is start to be come more "relaxing" and less "hope and pray"
If the plan has been proven to work on several timeframes such the the developer is confident to say that it works on all timeframes, then how can it have some actions to take ONLY when trading certain timeframes?? Either the plan, as written, works on all timeframes as it is touted to do, or it works only oi some timeframes. I don't see the action "hope and pray you are correct" anywhere in the plan, but it was clearly stated that when he trades on certain timeframes, he DOES hope and pray about having correct entries. So, the options become 1.) he does not follow the plan when he trades certain timeframes; 2.) he omitted the "hope and pray" directive from the plan; 3.) the plan is incorrectly asserting that it can be traded on all timeframes.
To free Gazans of Hamas, use whatever it takes.
  • #97,382
  • Aug 12, 2019 5:12am Aug 12, 2019 5:12am
Quoting realjumper
{quote} No, I didn't misinterpret.....you miss quoted Big E. But I'm not interested in arguing semantics. Lets look at this from a mathematical and logical standpoint. The stochastic and the TDI are just oscillators, and the 5 EMA is just a moving average.Those indicators are calculated based on a formula *of the TF being viewed*....therefore the calculations for the H4 and M5 are based on the exact same formula. So, any perceived unreliability simply cannot be the fault of the system....it's impossible!! Trading shorter TF's introduces the 'noise'...
If you read all of the text that I wrote and still believe that you neither misinterpreted what I said or that I mis-quoted Big E, then your reading comprehension skills are in need of improvement.

You need to be both interested in and cognizant of semantics, whether you wish to argue about them at the moment. "Noise" and all of the discussions surrounding noise clearly show the importance of semantics.

The rest of your posting about the indicators is essentially irrelevant to the main topic.
To free Gazans of Hamas, use whatever it takes.
  • #97,383
  • Edited 5:33am Aug 12, 2019 5:22am | Edited 5:33am
Quoting DrDave
{quote} If you read all of the text that I wrote and still believe that you neither misinterpreted what I said or that I mis-quoted Big E, then your reading comprehension skills are in need of improvement. You need to be both interested in and cognizant of semantics, whether you wish to argue about them at the moment. "Noise" and all of the discussions surrounding noise clearly show the importance of semantics. The rest of your posting about the indicators is essentially irrelevant to the main topic.

I'm not sure why you are getting so aggressive towards me, I'm trying to discuss your claim in a logical and friendly way.

As I have just stated, the indicators (and therefore the system) are calculated based on the TF viewed...and there's no escaping that fact. Whether or not the OP was uncomfortable trading the lower TF's is a moot point. The system cannot do anything other than display the indicators as derived from the calculations of the TF viewed. For instance, if you look at a simple 2 moving average crossover system, with a stochastic to help filter out the bad 'signals', that system will work no matter what the TF used....it cannot do otherwise. Same for the TMS system. Taking our GU Weekly chart as discussed a few posts back, the Weekly TF looks great and pretty easy to trade with TMS. Now look at that same chart in an M1 chart and you will see a horrible mess that may well be very difficult for longer TF traders to contemplate trading with, unless they 'hope and pray!'
Doing what you like is Freedom. Liking what you do is Happiness.
  • #97,384
  • Aug 12, 2019 5:23am Aug 12, 2019 5:23am
Quoting DrDave
{quote} You mis-interpreted what I said. Your cutting my sentence and taking the latter piece out of context definitely gives the reader wrong information. I said, "... but then goes on to imply with 'hope and pray'..." .Now, if we simply add the full text of his statement, it does not change at all what I stated originally. It most definitely does not support your statement. {quote} That is not relevant to the points that I raised. Here is his text about developing the method. {quote} Clearly, he wanted a method that worked on all timeframes, then...
Your conclusion is right Dave and here is the problem BigE is not here to clarify that sentence.

You can only ask yourself if the "I hate.................":

A > stem from his own experience before he stared to use TMS
or
B > his own conclusion about lower time frames after he stated to use TMS.

I intend to think he was referring to the period before TMS based on the preceding paragraph's leading up to the development of TMS.
  • #97,385
  • Aug 12, 2019 5:48am Aug 12, 2019 5:48am
Quoting DrDave
{quote} If the plan has been proven to work on several timeframes such the the developer is confident to say that it works on all timeframes, then how can it have some actions to take ONLY when trading certain timeframes?? Either the plan, as written, works on all timeframes as it is touted to do, or it works only oi some timeframes. I don't see the action "hope and pray you are correct" anywhere in the plan, but it was clearly stated that when he trades on certain timeframes, he DOES hope and pray about having correct entries. So, the options become...
Can't help to laugh David.
I still hope and pray with every trade being placed.
It does not matter what trading method / system is used, simply because you or the method does not know what price is going to do in the future.

Price Action / TDI / RSI / Pivot points all get information from what happened in the past. Even price itself does not know where he/she is going to be in a hour from now.

So this whole debate is an exercise in futility.
  • #97,386
  • Aug 12, 2019 6:11am Aug 12, 2019 6:11am
Quoting realjumper
{quote} the Weekly TF looks great and pretty easy to trade with TMS. Now look at that same chart in an M1 chart and you will see a horrible mess that may well be very difficult for longer TF traders to contemplate trading with, unless they 'hope and pray!'
So clearly, you give evidence that the system cannot be traded on ALL timeframes. Hence, Big E's finding that he developed a system that CAN be traded on all timeframes is false.
To free Gazans of Hamas, use whatever it takes.
  • #97,387
  • Aug 12, 2019 6:13am Aug 12, 2019 6:13am
Quoting Tekkies
{quote} Your conclusion is right Dave and here is the problem BigE is not here to clarify that sentence. You can only ask yourself if the "I hate.................": A > stem from his own experience before he stared to use TMS or B > his own conclusion about lower time frames after he stated to use TMS. I intend to think he was referring to the period before TMS based on the preceding paragraph's leading up to the development of TMS.
And I conclude that he was referring to the period after he had developed his system that can be traded on all timeframes. If it could not be ttraded on those lower ones, why would he not have explicitly stated, "Do not use this to trade on timeframes smaller than N." On the contrary, he said it works on all timeframes.
To free Gazans of Hamas, use whatever it takes.
  • #97,388
  • Aug 12, 2019 6:18am Aug 12, 2019 6:18am
Quoting DrDave
{quote} So clearly, you give evidence that the system cannot be traded on ALL timeframes. Hence, Big E's finding that he developed a system that CAN be traded on all timeframes is false.

Please copy and paste where I "gave evidence that the system cannot be traded on ALL timeframes"
Doing what you like is Freedom. Liking what you do is Happiness.
  • #97,389
  • Aug 12, 2019 6:32am Aug 12, 2019 6:32am
Quoting DrDave
{quote} And I conclude that he was referring to the period after he had developed his system that can be traded on all timeframes. If it could not be ttraded on those lower ones, why would he not have explicitly stated, "Do not use this to trade on timeframes smaller than N." On the contrary, he said it works on all timeframes.
Based on hindsight you are wrong in your conclusion.

A very good scapler will be able to trade according to those blue/yellow trend lines
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  • #97,390
  • Aug 12, 2019 7:24am Aug 12, 2019 7:24am
Quoting realjumper
{quote} Please copy and paste where I "gave evidence that the system cannot be traded on ALL timeframes"
No problem
[quote=realjumper;12435917]{quote} the Weekly TF looks great and pretty easy to trade with TMS. Now look at that same chart in an M1 chart and you will see a horrible mess that may well be very difficult for longer TF traders to contemplate trading with, unless they 'hope and pray!'[/quote]

You implicitly indicate that some timeframes can be traded without "hope and pray", and then explicitly state that other timeframes require "hope and pray". Conclusion: A single system that can be traded on all timeframes has not been presented. Rather, there are two systems. One system for trading certain timeframes that includes using "hope and pray" and a second system that differs in two aspects from the first system: the 2nd uses other timeframes and the 2nd does not use "hope and pray".
To free Gazans of Hamas, use whatever it takes.
  • #97,391
  • Aug 12, 2019 7:40am Aug 12, 2019 7:40am
Quoting DrDave
{quote} No problem {quote} the Weekly TF looks great and pretty easy to trade with TMS. Now look at that same chart in an M1 chart and you will see a horrible mess that may well be very difficult for longer TF traders to contemplate trading with, unless they 'hope and pray!' You implicitly indicate that some timeframes can be traded without "hope and pray", and then explicitly state that other timeframes require "hope and pray". Conclusion: A single system that can be traded on all timeframes has not been presented. Rather, there are two systems....
That is twisting what he wrote.
"............horrible mess that may well be very difficult for longer TF traders to contemplate trading with, unless they 'hope and pray!"

Realjumper set a condition for that hope and pray. The condition to be met is "longer TF traders" Now will short TF traders that prefer lower time frames find the M1 a horrible mess? Chart posted above show that a good scalper can manage that time frame.
  • #97,392
  • Aug 12, 2019 7:47am Aug 12, 2019 7:47am
Quoting Tekkies
{quote} Based on hindsight you are wrong in your conclusion.
I think not
Directly from post #1
Quote
I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step.
/quote]...
, does it say "works on all timeframes that I anticipated that I would be trading"?
To free Gazans of Hamas, use whatever it takes.
  • #97,393
  • Aug 12, 2019 7:49am Aug 12, 2019 7:49am
Quoting DrDave
{quote} No problem {quote} the Weekly TF looks great and pretty easy to trade with TMS. Now look at that same chart in an M1 chart and you will see a horrible mess that may well be very difficult for longer TF traders to contemplate trading with, unless they 'hope and pray!' You implicitly indicate that some timeframes can be traded without "hope and pray", and then explicitly state that other timeframes require "hope and pray". Conclusion: A single system that can be traded on all timeframes has not been presented. Rather, there are two systems....

No. Nowhere did I "explicitly state that other timeframes require "hope and pray"

What I said was: ' Taking our GU Weekly chart as discussed a few posts back, the Weekly TF looks great and pretty easy to trade with TMS. Now look at that same chart in an M1 chart and you will see a horrible mess that may well be very difficultfor longer TF traders to contemplate trading with, unless they 'hope and pray!''

That is not "evidence that the system cannot be traded on ALL timeframes" It goes to confirm what I have said, a few times now, that longer term traders MAY find it uncomfortable to trade lower TF's. As I have said, Big E was an H4 trader and MAY well have been uncomfortable trading the short TF's. Perhaps so much so that HE felt that HE needed to 'hope and 'pray' because HE didn't like the short TF's...as he said.


To reiterate, in my above example of the Weekly GU chart vs the M5 chart. The long term trader would be comfortable trading with (comparatively) large SL that would be uncomfortable to a small TF (say M15). Similarly, the long term trader would be very uncomfortable trading the M15, especially if he was going to go counter to the longer term trend. BOTH traders would be using the same system.....lets call it, Trading Made Simple, but BOTH traders MAY feel the need to "hope and pray" because they are well outside of their own comfort zone. That is a simple emotion that humans posses and it has nothing to do with the system, which, as I said, simply cannot favour one TF over another because the indicators derive their pattern from the SAME DATA, no matter the TF.

Please don't say that I "explicitly" state something when I most certainly did not.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #97,394
  • Aug 12, 2019 7:51am Aug 12, 2019 7:51am
Quoting Tekkies
{quote} Realjumper set a condition for that hope and pray.
And therein lies a significant problem: Someone else after-the-fact imposed a condition that Big E did not state in the text of post #1 that I quoted. I was using the words set down by Big E himself.
To free Gazans of Hamas, use whatever it takes.
  • #97,395
  • Aug 12, 2019 8:00am Aug 12, 2019 8:00am
Quoting realjumper
{quote} No. Nowhere did I "explicitly state that other timeframes require "hope and pray" What I said was: ' Taking our GU Weekly chart as discussed a few posts back, the Weekly TF looks great and pretty easy to trade with TMS. Now look at that same chart in an M1 chart and you will see a horrible mess that may well be very difficultfor longer TF traders to contemplate trading with, unless they 'hope and pray!'' Please don't say that I "explicitly" state something when I most certainly did not.
I stand by my previous statement. Your use of "unless" puts the action after it as a requirement for trading to not be difficult for selected timeframes for certain people. But maybe you don't regard your conditional as explicit.
To free Gazans of Hamas, use whatever it takes.
  • #97,396
  • Aug 12, 2019 8:09am Aug 12, 2019 8:09am
Quoting DrDave
{quote} I stand by my previous statement. Your use of "unless" puts the action after it as a requirement for trading to not be difficult for selected timeframes for certain people. But maybe you don't regard your conditional as explicit.

And I stand by mine...Nowhere did I "explicitly state that other timeframes require "hope and pray"

If you REALLY think that any system based around the TDI and Stochastic with a 5 EMA is limited to any specific TF, then you don't understand very much at all. I have tried to explain to you that the data that these indicators use to paint to the charts will work on any chart TF....it's is impossible for it to do otherwise. It is IMPOSSIBLE.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #97,397
  • Aug 12, 2019 8:19am Aug 12, 2019 8:19am
Quoting DrDave
{quote} And therein lies a significant problem: Someone else after-the-fact imposed a condition that Big E did not state in the text of post #1 that I quoted. I was using the words set down by Big E himself.
Those very same words have showed that two members read them differently.
xxxx = religion, politics, flat earth, ....................
Dave, it is all in the mind of the reader. Either you are for or against xxxxx. Both sides will look at the same xxxxx with prejudge, based viewpoint, sentiment.........

The only person that can solve those words is BigE and he is unavailable.
- Negative person will write: "Now we are stuck with a bag of rotten apples"
- Positive person will write: "buy a wheelbarrow to carry your pips to the bank"
  • #97,398
  • Aug 12, 2019 9:39am Aug 12, 2019 9:39am
Quoting realjumper
{quote} And I stand by mine...Nowhere did I "explicitly state that other timeframes require "hope and pray"
I already refuted that. Continual repeating will not make it true.
Quote
If you REALLY think that any system based around the TDI and Stochastic with a 5 EMA is limited to any specific TF, then you don't understand very much at all. I have tried to explain to you that the data that these indicators use to paint to the charts will work on any chart TF....it's is impossible for it to do otherwise. It is IMPOSSIBLE.
You've lost track of the subject matter.
To free Gazans of Hamas, use whatever it takes.
  • #97,399
  • Aug 12, 2019 9:41am Aug 12, 2019 9:41am
Quoting Tekkies
{quote} T - Negative person will write: "Now we are stuck with a bag of rotten apples" - Positive person will write: "buy a wheelbarrow to carry your pips to the bank"
LOL I took neither a negative nor a positive position. I merely QUESTIONED the validity of conflicting information.
To free Gazans of Hamas, use whatever it takes.
  • #97,400
  • Aug 12, 2019 9:58am Aug 12, 2019 9:58am
Quoting DrDave
{quote} I already refuted that. Continual repeating will not make it true. {quote} You've lost track of the subject matter.

You can refute whatever you want. I did not "explicitly state as evidence" anything. It's all in black and white and everyone can see it. Also, I'm well aware of the subject, you just refuse to accept that what Big E stated was his opinion, not an instruction or a rule or a guide as to which TF's should be avoided

He said: I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry.

The above is CLEARLY the way he felt about trading 5min-15min-30min TF's and it isn't to be taken as some kind of proof that the system doesn't work in those TF's because, as I have shown, it is IMPOSSIBLE for it not work in any TF.

I have tried to explain to you that long term traders may, as in Big E's case, may feel uncomfortable trading the small TF's, just as small TF traders may feel uncomfortable trading long term. That is a fact, as is the impossibility of this type of system to favour any TF over another. You choose to refuse to accept these facts, that's fine, there's nothing more to say. You can have the last word, I know you want to.
Doing what you like is Freedom. Liking what you do is Happiness.
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