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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

  • #133,181
  • Jul 27, 2022 1:11am Jul 27, 2022 1:11am
Quoting jpntrader
{quote} Roger that. Yeah I've been telling Emmanuel and DrDave as well about where have I been this last decade, not paying attention to the system that actually works for me, which is this TMS system. (Although a system is just a system. People like 2scoops and some other felt that TMS isn't for them. That's also valid. TMS just happens to work for me.)

Big E had his system but everyone else ?????
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,182
  • Edited 1:53am Jul 27, 2022 1:36am | Edited 1:53am
Quoting emmanuel7788
{quote} its simple when the experienced TMS traders back in 2011 developed TMS_V19 EA. They used Trend 2/8. Market Type#1 Trending (Green colour) Market Type#2 Sideways (Blue colour) {image} my own method to determine Market Types is far too complex to most new traders with less than 5 years trading experience. I made use of the 3 keys in my system development. https://www.forexfactory.com/thread/...2#post11146742 ...
sideways is one way to interpret the market yes, but there are other ways to interpret it too which are still technically right.

on a slightly shorter term trend on h4, the market is in a downtrend. and is totally tradeable, especially if you were to burrow down to h1 to fine tune the entry.

the double top, is technically also a lower high as the high of the second top swing does not reach the high of the first top swing.

I myself do not use indicators to determine the trend. every one that i've tried is flawed in some way and will at times mislead you if you take it at face value
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  • #133,183
  • Jul 27, 2022 1:47am Jul 27, 2022 1:47am
Quoting kain775
{quote} sideways is one way to interpret the market yes, but there are other ways to interpret it too which are still technically right. on a slightly shorter term trend on h4, the market is in a downtrend. and is totally tradeable, especially if you were to burrow down to h1 to fine tune the entry. the double top, is technically also a lower high as the high of the second top swing does not reach the high of the first top swing. I myself do not use indicators to determine the trend. every one that i've tried is flawed in some way and will at times...

There are still yet MORE ways to interpret and trade that market because as there is no close above the higher high it has technically not been taken out and since price has not closed below the confirmed lower high then this too is technically still valid.
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  • #133,184
  • Jul 27, 2022 3:16am Jul 27, 2022 3:16am
Quoting MrAnonymous
AUD/USD or not? To get a preview of the next month, I look at the 10year - 2year yield spread. Screenshot 1 shows the Aussie yield spread for August on monthly basis. This means weakness in AUD and strength in USD. 1:0 Bearish AUD/USD. In screenshot 2 are current Manufacturing PMI data neutral. Still 1:0 bearish AUD/USD. Screenshot 3: Don’t believe in yield spreads? The 10y2y yield spread for USD/CHF predicted a bearish move for July 2022 as others mentioned it was a beautiful move down (Screenshot 3). 2:0 bearish AUD/USD. Screenshot 4: Daily 10y2y...
Where do you get the Yield Spread charts from? Thank you
If only I knew then what I know now...
  • #133,185
  • Jul 27, 2022 3:29am Jul 27, 2022 3:29am
Quoting kain775
{quote} sideways is one way to interpret the market yes, but there are other ways to interpret it too which are still technically right. on a slightly shorter term trend on h4, the market is in a downtrend. and is totally tradeable, especially if you were to burrow down to h1 to fine tune the entry. the double top, is technically also a lower high as the high of the second top swing does not reach the high of the first top swing. I myself do not use indicators to determine the trend. every one that i've tried is flawed in some way and will at times...
it was much easier during those good old days when we have only the line chart to trade,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,186
  • Jul 27, 2022 5:28am Jul 27, 2022 5:28am
cad jpy 1 hour
learning chart
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,187
  • Jul 27, 2022 7:20am Jul 27, 2022 7:20am
Quoting Alihelmy123
cad jpy 1 hour learning chart{image}
Hit stop loss
This week l lost 3 trades i lost 2.25 %
I never risk more than 1% i close the lose trade when there is reverse before hit the stop so get small lose less than 1% in every trade
It is part of the game the last 6 weeks with all in profit
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,188
  • Jul 27, 2022 4:37pm Jul 27, 2022 4:37pm
Quoting Alihelmy123
GBPAUD DAILY NO MORE THAN IDEA LEARNING CHART{image}
I AM STILL IN THIS
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,189
  • Jul 27, 2022 4:38pm Jul 27, 2022 4:38pm
GBP USD DAILY
NO MORE THAN IDEA
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,190
  • Jul 27, 2022 5:56pm Jul 27, 2022 5:56pm
85 pips profit in GBP/JPY thanks to TMS. It was stressfree and I enjoyed trading more compared to a naked chart.
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  • #133,191
  • Jul 27, 2022 6:37pm Jul 27, 2022 6:37pm
Quoting emmanuel7788
{quote} AU Jul 27 H1 update" - no matter how nice it looked it went no where ... - today is FOMC and what happens after that ....? {image}

AU Jul 27 FOMC trading

- follow Daily price action

- 5EMA Typical Price, Shift+2 is the direction (Post#261) ... PA above 5EMA buy only, PA below 5EMA sell only,

- Weekly is the Market Type determination

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M15
- the setup
- then the 'stop hunt'

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,192
  • Jul 27, 2022 6:50pm Jul 27, 2022 6:50pm
Quoting Alihelmy123
GBP USD DAILY NO MORE THAN IDEA{image}

that can be a medhi343 Method#1 trade.

good for 50pips BRN target

https://www.forexfactory.com/thread/...ree-tdi-system

Method 1 :

At the beginning of the day, I will check all 28 pairs for possible entries based on the following rules:

BUY:

1) Stochastic : Should be over 80
2) TDI : a) Green should cross above the red line or show a rebound b) prefer that cross or rebound happened above the yellow line.

Sell:

1) Stochastic : Should be bellow 20
2) TDI : a) Green should cross bellow the red line or show a rebound b) prefer that cross or rebound happened bellow the yellow line.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,193
  • Jul 27, 2022 8:27pm Jul 27, 2022 8:27pm
USD JPY 4 HOUR
GREAT CHANCE
THE FIRST PROFIT FOR ME THIS WEEK
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,194
  • Jul 27, 2022 8:29pm Jul 27, 2022 8:29pm
Quoting emmanuel7788
{quote} that can be a medhi343 Method#1 trade. good for 50pips BRN target https://www.forexfactory.com/thread/...ree-tdi-system Method 1 : At the beginning of the day, I will check all 28 pairs for possible entries based on the following rules: BUY: 1) Stochastic : Should be over 80 2) TDI : a) Green should cross above the red line or show a rebound b) prefer that cross or rebound happened above the yellow line. Sell: 1) Stochastic : Should be bellow 20 2) TDI : a) Green should cross bellow the red line or show...

UC Jul28

- it is quite obvious for TMS 5-Method indicators traders .. PA is below 5EMA ,...

- and you need to look for a low risk trading idea
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,195
  • Jul 27, 2022 8:42pm Jul 27, 2022 8:42pm
[quote=emmanuel7788;14080868]{quote} that can be a medhi343 Method#1 trade. good for 50pips BRN target https://www.forexfactory.com/thread/...ree-tdi-system Method 1 : At the beginning of the day, I will check all 28 pairs for possible entries based on the following rules: BUY: 1) Stochastic : Should be over 80 2) TDI : a) Green should cross above the red line or show a rebound b) prefer that cross or rebound happened above the yellow line. Sell: 1) Stochastic : Should be bellow 20 2) TDI : a) Green should cross bellow the red line or show a rebound b) prefer that cross or rebound happened bellow the yellow line.[/quote
I TAKEN IT BECAUSE THE DAILY TREND BROKEN AND GOOD TDI SLOPE
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,196
  • Jul 27, 2022 8:42pm Jul 27, 2022 8:42pm
Quoting emmanuel7788
{quote} that can be a medhi343 Method#1 trade. good for 50pips BRN target https://www.forexfactory.com/thread/...ree-tdi-system Method 1 : At the beginning of the day, I will check all 28 pairs for possible entries based on the following rules: BUY: 1) Stochastic : Should be over 80 2) TDI : a) Green should cross above the red line or show a rebound b) prefer that cross or rebound happened above the yellow line. Sell: 1) Stochastic : Should be bellow 20 2) TDI : a) Green should cross bellow the red line or show...
Just crosschecked the trades I have taken this week.
Turns out I'm sort of doing his model too.
Thank you for again providing great insight, Emmanuel.
  • #133,197
  • Jul 27, 2022 10:24pm Jul 27, 2022 10:24pm
Hi Guys

Is anyone still following Eelfranz original method or has there been an updated version since the original ....I haven't been here for years 6660 pages WOW thanks James
  • #133,198
  • Jul 27, 2022 10:57pm Jul 27, 2022 10:57pm
Hi Guys

Is anyone still following Eelfranz original method or has there been an updated version since the original ....I haven't been here for years 6660 pages WOW thanks James


Thank you for bringing this up. I also am interested to know.
  • #133,199
  • Jul 27, 2022 11:36pm Jul 27, 2022 11:36pm
Quoting khidir
Hi Guys Is anyone still following Eelfranz original method or has there been an updated version since the original ....I haven't been here for years 6660 pages WOW thanks James
#InSearchOf# original 5-Method

Yes. I have been trading the original 5-Method since 2018. The live result was good just trading one pair EURUSD in 2018. See { here }


For intermediate+ level traders >>> {#3805 }
<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>>>>>>>>>>
Big E : you can trade without the TDI


Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
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...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,200
  • Jul 27, 2022 11:50pm Jul 27, 2022 11:50pm
Quoting llonigro
Hi Guys Is anyone still following Eelfranz original method or has there been an updated version since the original ....I haven't been here for years 6660 pages WOW thanks James Thank you for bringing this up. I also am interested to know.
If you have the trading skills and the discpline,

you follow eelfranz' Post#1 and trade the 4hr at EST 1am and 5am (PDT 10pm and 2am) you will get some good trades every day and make $500 to $1000 per day.

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.

#555
I'm not looking for 15 pips profit... more like 150 !

The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas. You hope to win but don't often... Your taking money for entertainment and relaxation... So I don't give it a second thought... It's entertainment money as I said... Besides It always grows larger...

#7555
I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.

iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING.

Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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