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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #109,981
  • Oct 19, 2020 5:20pm Oct 19, 2020 5:20pm
Quoting eelfranz
Dyekid217... Good analysis buddy...
I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas...

The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...

I don't care...
#1718

Using a TMS Tool like this TMS Monitor does not change the stick to the SIMPLE BASIC RULES.

Unless of course there are some who do not know the meaning of stick to the SIMPLE BASIC RULES.

Big E traded 8 pairs, you can use the TMS Monitor to show the same 8 pairs.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,982
  • Oct 19, 2020 5:31pm Oct 19, 2020 5:31pm
Quoting eelfranz
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually...
HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

EURUSD Oct 20 M15 example:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,983
  • Oct 19, 2020 5:54pm Oct 19, 2020 5:54pm
Quoting emmanuel7788
{quote} Hi piple 1) Are you trading Big E' 5-Method ? 2) Do you use the Synergy Average Price Bar APB/HA candles? 3) Do you use the 5EMA, Typical Price, Shift+2? 4) Do you use the Traders_Dynamic_Index (2005) version? 5) Do you use the Stochastics (8,3,3) setting? If you answer Yes to all the above 5 questions, then move on the next questions below: other trading tools - 6) Do you use the tool TMS_V19 EA for trade setups screening alerts? 7) Do you use the TMSTDI_WatchDog by plamendp? 8) Which currency pairs do you trade? The TMS Monitor is a trading...
Hey Emmanuel hope youre doing good my friend,Hopefully you remember me since you helped me 2-3 times already earlier.
Actually i have few questions regarding this TMS SETUP,So if you can please allow me to talk in private message if possible so i can go in more detail.
thanks and hope to hear back from you ....
  • #109,984
  • Oct 19, 2020 5:54pm Oct 19, 2020 5:54pm
FAQs

where do download the TMSTDI WachDog?

here below is the linked post by Xaphod

#7923

Quoting Xaphod
{quote} Here are 3 options in no particular order: Use an indicator that calculates a slope value. The calculated slope is independent of how you scale your chart. Figure out the slope values that correspond to the angles you want. Ex: TMSTDI_WatchDog Set your chart to the size you prefer to use. Do some visual back-testing to find out what the angles of the good trades look like on your preferred chart size. Set your charts to the same size/zoom as Big E uses and use...
The TMSTDI WatchDog uses the same TDI#25 .. the same TDI used by the OP back in 2010 and 2011... ten(10) years on still the same old TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,985
  • Oct 19, 2020 6:00pm Oct 19, 2020 6:00pm
This is also an important post you have to READ & STUDY. It is about the use of the clock 12-2 and 4-6 to view the TDI RSI green price line.
If you do it wrongly, it will affect your trading and you pick the 'wrong' setups which results in poor results.
The 12-2 and 4-6 you see on your chart can be different as the member explained in his post linked below.

#7915

Quoting azertyken
Hi, first of, I've only arrived at message 1800 of this thread, so still a bit to go, so I apologize if this has been asked and answered already somewhere in post 1800 to post 7917. I'm wondering on how to use the 12-2 and 4-6 rule. We want to enter when the green TDI crosses the red (and the HA candles confirm), but we also want that the green TDI shows sufficient direction. Basically the 12-2 and 4-6 rule says that the green TDI should be slanting upwards in a 30 to 90 degree angle for a buy and -30 to -90 angle for a sell. So far so good. However,...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,986
  • Oct 19, 2020 6:03pm Oct 19, 2020 6:03pm
Quoting Gh0stRider
{quote} Hey Emmanuel hope youre doing good my friend,Hopefully you remember me since you helped me 2-3 times already earlier. Actually i have few questions regarding this TMS SETUP,So if you can please allow me to talk in private message if possible so i can go in more detail. thanks and hope to hear back from you ....

my PM box is so full with backlog messages from August, September and I have no time to reply them all.

Wait till I clear the backlog or you can post your trading questions and charts in this thread. I will prioritize replying to members who post in this thread and also in the TMS(r) thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,987
  • Oct 19, 2020 6:14pm Oct 19, 2020 6:14pm
TMS_V19 EA

Another great trading tool older members have shared here is the TMS_V19 expert advisor.
TMS_V19 provide a lot more information which the trader can opt to show on their chart.
Plus other nice features like the trading hours which traders can select their own trading hours.

M15 example below:
- H4 Trend 2/8 use as filter to trade trend market conditions and avoid sideway narrow range market
- TDiC1 which is user select option, in this example is set to show the TDI of the H1
- the other values of the slope angle are calculated values and you do not have to make the visual 12-2 and 4-6 which if often subjective.
- the candle pattern is also a good feature to pick the reversal candles #1 and #2.
... lot more/-

Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 EURUSD Oct 20 20-10-2020 7-06-09 am.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,988
  • Oct 19, 2020 6:19pm Oct 19, 2020 6:19pm
Quoting emmanuel7788
{quote} my PM box is so full with backlog messages from August, September and I have no time to reply them all. Wait till I clear the backlog or you can post your trading questions and charts in this thread. I will prioritize replying to members who post in this thread and also in the TMS(r) thread.
Oh OK SO Basically i am following this method and its been a while but i am having some issue in entries & exit,i am looking at tdi crossover/stoc direction also i am looking at cci and ema on chart crossing 1st candle or 2nd but still the trades i am catching mostly comes up a small pullback trades and after going for like few pips it reverses back,so i am kinda confused that what i am doing wrong or if i am missing something..i have read pretty much all of the start pages of this thread and i understand the concept of this system but still i am missing something,If you can please guide me a lil bit what to see as an entry confirmation and exit confirmation and except this i see alot of people using tmsmonitor and watchdog something as well..
please guide me a lil bit my friend i really appreciate that......thanksAlot
  • #109,989
  • Oct 19, 2020 6:21pm Oct 19, 2020 6:21pm
AUD Oct 20

The smart money knows well before the retail amateur hobby traders...

When we TMS traders look for trade setups, the market will set us up and will take our money.

Simple Rule : DO NOT chase after the price now. Wait!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,990
  • Oct 19, 2020 6:47pm Oct 19, 2020 6:47pm
Quoting Gh0stRider
{quote} Oh OK SO Basically i am following this method and its been a while but i am having some issue in entries & exit,i am looking at tdi crossover/stoc direction also i am looking at cci and ema on chart crossing 1st candle or 2nd but still the trades i am catching mostly comes up a small pullback trades and after going for like few pips it reverses back,so i am kinda confused that what i am doing wrong or if i am missing something..i have read pretty much all of the start pages of this thread and i understand the concept of this system but still...
Please, post some of the trade's you have taken.
  • #109,991
  • Oct 19, 2020 6:51pm Oct 19, 2020 6:51pm
Quoting Gh0stRider
{quote} Oh OK SO Basically i am following this method and its been a while but i am having some issue in entries & exit,i am looking at tdi crossover/stoc direction also i am looking at cci and ema on chart crossing 1st candle or 2nd but still the trades i am catching mostly comes up a small pullback trades and after going for like few pips it reverses back,so i am kinda confused that what i am doing wrong or if i am missing something..i have read pretty much all of the start pages of this thread and i understand the concept of this system but still...
Folks

What you experience is nothing new nor different from many others who followed this thread years ago and also during those year 2010 and 2011 when OP Big E was alive and answering all the members posts and questions.

The OP himself also created a few confusions in some of his posts when members do not follow the context of the topic at that time period. Entries and Exits posted by the OP also has some confusion. The most common confusion is due to members own reading habits and when members read selectively parts of a post and did not understand the topic at the time of the posts. Some of the OP posts just pop up out of nowhere and those posts were his replying to discussions in his skype group sessions, others were replying to more recent private phone calls with a few members, etc.
It is really rather difficult to fully appreciate the OP's trading style. You have to do a lot of live market trades and learn from your own experience. What is missing in this thread are two major componets:-

1) the Money Management strategies , yes it is plural ... strategies!

2) the Mental Fitness of the traders, the Mental Strategies of the traders inn his trading system.

Most traders will fail in 2)above.

There are several tools to use to help the TMS traders. These tools shared by the older members do not violate the principles of the use of the indicators use in the 5-Method. The tools are there to help traders not to impede them in their trading. Members here who do not trade the 5-Method are the ones who act daily to impede others to learn and to trade Big E' 5-Method. These members have their own personal agendas.

What did you miss so far?

- you know the basic rules of the 5-Method, right?
so please post charts and do exactly what the OP said in his Post#1. I will explain what you missed.

Quote : (Post#1)
We want you to be an active member asking questions, posting charts and making observations when possible.

Start trading a Demo account until you build your confidence and only then consider switching to a live account...

If you people let the trolls take control of you in this thread and keep on repeating their daily rants with post 1718 then the losers are you because you let the trolls take control of your life and your chance to learn to trade TMS 5-Method. By the end of this pandemic, you would missed the opportunity and you have learned nothing because you people let the trolls win.

It's time you claim back your positions in this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,992
  • Oct 19, 2020 7:04pm Oct 19, 2020 7:04pm
CONFUSION#1

The first CONFUSION in this thread it the heart of the method ... the TDI, also referred to as the king.

This is one of the many beliefs of Trading Made Simple 5-Method.

Dr Van K Tharp is well known psychologist and trading coach.

His quote:

"You do not trade the markets, you trade your beliefs about the markets." — Dr Van K Tharp
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,993
  • Oct 19, 2020 7:07pm Oct 19, 2020 7:07pm
Do you believe in what Anthony Robbins said:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,994
  • Oct 19, 2020 7:10pm Oct 19, 2020 7:10pm
Quoting emmanuel7788
CONFUSION#1 The first CONFUSION in this thread it the heart of the method ... the TDI, also referred to as the king. This is one of the many beliefs of Trading Made Simple 5-Method. Dr Van K Tharp is well known psychologist and trading coach. His quote: "You do not trade the markets, you trade your beliefs about the markets." — Dr Van K Tharp

CONFUSION#2

There are too many teachers in this thread.
And you only need just ONE.
There is only ONE.
Which is the ONE?

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,995
  • Oct 19, 2020 7:51pm Oct 19, 2020 7:51pm
Quoting emmanuel7788
{quote} CONFUSION#2 There are too many teachers in this thread. And you only need just ONE. There is only ONE. Which is the ONE? {image}
CONFUSION#3

Post#6
Quoting eelfranz
Entries and exits...

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

Exit...
Post#351

Quoting eelfranz
Training Char -

Going south (short). Even though it's candle #3 it looks strong for a trade entry... USD/JPY 4hr. {image}
Attached Image (click to enlarge)
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There are exceptions to the Entry rule in Post #6

stay tuned for more ... CONFUSIONs
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,996
  • Oct 19, 2020 8:03pm Oct 19, 2020 8:03pm

Post 72,921 ............ Read Post#1718
Post 95,284 ............ read Post#1718 and you will find the OP's answer.
Post 109,727........... #1718 and #1721 I read them all
Remember that popcorn fight a couple of Post 109,740 .......... "Hey Tekkies I follow #1718"

Now this straight from the horse's mouth'.
Post 109,993 If you people let the trolls take control of you in this thread and keep on repeating their daily rants with post 1718 then the losers are you

Be careful whom you follow. When a person see himself as a troll and advice other not to follow a troll, know for sure, there is a snake in the grass somewhere.
--------
You don't need tools to trade this method. You need to follow the rules. It is that simple. Unfortunately one of the requirements set by BigE is that you must study old TDI crossovers and STUDY
(How many traders are willing to do that? How many traders download and start to trade straight away?)
Follow BigE and only his advice, you don't you will fail with this method.

No tools for 30 pips. Whoa, big deal.
Attached Image
  • #109,997
  • Oct 19, 2020 8:04pm Oct 19, 2020 8:04pm
TMS Monitor Oct 20 H4 Tokyo local 10AM

- nothing to pick at this moment
- GBPNZD C-Slope = 4, but the PA is 'iffy'.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,998
  • Oct 19, 2020 8:08pm Oct 19, 2020 8:08pm
Quoting Tekkies
You don't need tools to trade this method. You need to follow the rules. It is that simple. Unfortunately one of the requirements set by BigE is that you must study old TDI crossovers and STUDY
(How many traders are willing to do that? How many traders download and start to trade straight away?)
Follow BigE and only his advice, you don't you will fail with this method.

No tools for 30 pips. Whoa, big deal..
CONFUSION#4

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https://www.forexfactory.com/thread/...0#post13221980
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #109,999
  • Oct 19, 2020 8:19pm Oct 19, 2020 8:19pm
EURUSD Oct 20 H1 Tokyo 1015AM

- note H4 RSI line is flat and remain flat until the H4 candle closes.

- pay attention to the H1 2/3/1 and TIMING the M15 HA candle information in your TMSTDI WatchDog.

- I like the H4 HA 5/5/1.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 20 H1 20-10-2020 9-15-09 am.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,000
  • Oct 19, 2020 8:29pm Oct 19, 2020 8:29pm
Attached Image


The Secret of Expert Performance by Dr Brett Steenbarger
What creates elite performance? Is it inborn ability? Developed skill?
One of the most significant conclusions from the research I reviewed for my book on performance was the work of Sandra Scarr, Ph.D.
What she found was that genotypes shape phenotypes. People with inborn characteristics seek out particular kinds of environments, which in turn cultivate those characteristics.
Thus it is that children can be separated by only a small number of IQ points, but end up having very different developmental paths intellectually. The brighter children seek out brighter peers, who in turn stimulate each other's intellectual growth. The less bright children never seek out such social environments and thus increasingly lag their more gifted peers.
So it is with trading talent. We see young traders who pick up markets just a little faster, who are just a little more able to read market patterns. These traders are more likely to be hired by elite trading firms; they're also assigned to more stimulating and successful trading environments within those firms. As a result, these slightly more gifted traders receive far better mentorship and undergo exponential growth.
The average trader never experiences stimulating environments and thus progresses at a relatively modest pace.
It's not talent, and it's not environment: It's how talent brings you to superior environments that creates exponential learning curves and elite performance.
This, I believe, is why the vast majority of traders cannot sustain a living from their work.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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