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Trading Made Simple the right way, and other trading lessons 320 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

Quoting DrDave
{quote} How about you start by reading the entire thread before jumping in and trying to rehash subjects that have already been addressed?
Well I did read the thread and being afraid of a challenge against the person you claim is a bad trader, kind of sums up your skills.
Trading is about earning money while preserving capital.
Quoting emmanuel7788
{quote} to many here , he is Fake'Dr'Dave @DrDick given by @robots4me ... click { @DrDick } no need for 'Dr' anymore unless of course you want to massage his fragile ego. I have already exposed him to be the most toxic fake trading guru with many fake PhD and MDs He is just another narcissistic psycho in public forum wanting attention from strangers. He is here in dire need to have his fragile ego massage by his cronies. {image}
Emmanuel,
I downloaded arbinka's TMs Monitor but couldn't find TMS_V19. Do you have the link please ?
Wish one do you use ? Do you use Synergy pro ?
Thank you
Chris
Quoting Elsaloon
{quote} Emmanuel, I downloaded arbinka's TMs Monitor but couldn't find TMS_V19. Do you have the link please ? Wish one do you use ? Do you use Synergy pro ? Thank you Chris
Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 EA screenshot.png Size: 89 KB



Install TMS_V19 EA as your live market trading tutor.

go to these links and download the TMS_V19 Tools,

Manual
https://www.forexfactory.com/showthr...57#post5070757


Expert Advisor
download this version here:
https://www.forexfactory.com/showthr...87#post5079087

Don't be shy to ask questions and I know there are many different combination of those TMS settings. Setting up the EA to trade according to specific technical conditions require a thorough understanding of how the EA was coded and you will learn it by forward testing in live market conditions. Trying variations and conbinations of the EA settings in live market is one way to have a thorough understandding of how the EA was coded and you do not need to ask for the mq4 code files.
There are some very good setup conditions in that EA which can be used to filter only the better trade setups and you won't be trading blindly the TDI green cross red. I will be posting lots of live charts examples for you.

Have Fun reading and studying the TMS_V19 Manual. Remember ... read, study, learn and take notes of your own.



https://www.forexfactory.com/thread/...6#post12972826
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Monty13
{quote} emmanuel. Thank you, for your helpful advise and sharing the downloads. I'm also interested in TMS_V19 EA. , which I've already downloaded it, and like to set it up like yours, if you don't mind to let me have your TMS_V19 EA. setfile. Much appreciated your huge help in this forum.

hi Monty13

I don't post setfiles for TMS_V19 because members had difficulties using my setfiles.

There is no generic setfile for TMS_v19 EA.
Traders must have their own trade plans and then inout their own parameters into the EA and save them as their own setfiles.

Setfiles are different for trading H4, H1 and M15. You have to know what technical conditions you want to trade.

I have made many post explaining the various parameters for example the Trend 2/8 and the TDIC1 , and what to choose in your trading and setfiles.

The setup conditions are very 'strict' when you use TMS_v19. All setfile conditions will be checked in realtime and onky then you get the alert message.
You need to pick your trade setup according to Post#261 and you also need to filter them with Post#647. It is not so simple to have a generic setfile for all pairs.

Your must a trade plan for the pair then input into TMS_V19 EA.

If you have questions, I am here to explain how you can use the EA to help you trade.

For example AU H4 below:

- TMS_v19 will not detect and send any alert for sell because the Trend 2/8 Weekly is sideways. For a sell setup alert, the Trend 2/8 must be bearish RED

- and the TDiC1 Daily must also be RED.

Attached Image (click to enlarge)
Click to Enlarge Name: AU TMS_V19 LO 2-8-2022 3-29-12 pm.png Size: 45 KB

under these conditions, it is the trader who must make the discretionary decision to take a sell trade at the last H4 candle,

based on the price action which is a CONSOLIDATION breakout after the AUD news today.

Attached Image (click to enlarge)
Click to Enlarge Name: AU AUg02 H4 TMS_v19 2-8-2022 3-44-17 pm.png Size: 52 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} hi Monty13 I don't post setfiles for TMS_V19 because members had difficulties using my setfiles. There is no generic setfile for TMS_v19 EA. Traders must have their own trade plans and then inout their own parameters into the EA and save them as their own setfiles. Setfiles are different for trading H4, H1 and M15. You have to know what technical conditions you want to trade. I have made many post explaining the various parameters for example the Trend 2/8 and the TDIC1 , and what to choose in your trading and setfiles. The setup conditions...

AU Aug 02 M15 TMS_V19 example

- here an example if you are trading M15 and use TMS_V19 for setup alerts,

- you would have go a good trade juts after the RBA rate announcement

- you just need to have a trade plan and have your TMS_V19 setup for you

- note the Trend 2/8 and TDiC1 are both set to H1
Attached Image (click to enlarge)
Click to Enlarge Name: AU Aug02 M15 w H1 V19 2-8-2022 4-08-58 pm.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} UJ Daily July 25 onwards - Monday Jul 25 open sell entry at Sydney Open or Tokyo Open - Stop Loss above Jul 21 high and do trade Position Size - Move SL BE+ when price move +1.5 ADR (100 days) > manage trade on daily open basis - wait for APB/HA candle close with change in colour and exit when Sydney Open {image}

UJ Aug02 trade update

- this trade ran for 7 days

- today is the day to take some profit ... +1086pips

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug02 1086 pips 2-8-2022 7-34-43 am.png Size: 24 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
TMS Monitor New York 5am London 10am

- a new H1 and also a new H4

- its Big E' PDT 2AM 4hr trade window

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug02 H4 and H1 London 10am 2-8-2022 5-00-21 pm.png Size: 20 KB


> do you have a trade plan for this 4hr and during this 4-hour trade window?

> do you have a trade plan for H1?

> what about M15?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EG Aug02 H1

- 'great' looking Stoch and TDI' RSI green price line slope

- both the Stoch and TDU green line slope > 4.0 ... extreme!

Attached Image (click to enlarge)
Click to Enlarge Name: EG Aug02 H1 London 10am 2-8-2022 5-05-20 pm.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Thank you Emmanuel
Chris
Quoting emmanuel7788
{quote} hi Monty13 I don't post setfiles for TMS_V19 because members had difficulties using my setfiles. There is no generic setfile for TMS_v19 EA. Traders must have their own trade plans and then inout their own parameters into the EA and save them as their own setfiles. Setfiles are different for trading H4, H1 and M15. You have to know what technical conditions you want to trade. I have made many post explaining the various parameters for example the Trend 2/8 and the TDIC1 , and what to choose in your trading and setfiles. The setup conditions...
emmanuel. Thank you for your honest and valuable advise in your reply, . After reading the post 261 & 647, as you pointed out.

Thank you
Quoting tommydoginti
{quote} Week 2 done. Had quite a few BE+/- trades and a couple losing trades. Took my time relaxing in trading, avoided the news and scalped after news and the spike up. {image} {image}{image}
Good start of week 3.

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GU sell.

Follow BigE's Trading Made Simple #647.
Price rejected from previous high and formed lower high. Nice reversal setup to enter.



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Quoting Monty13
{quote} Hi emmanuel. I used to trade this TMS 5 rules methodology quite a while ago. But wasn't consistent, as I was working full time. I have gone through the forum again, and again, and have refreshed my understanding of TMS 5 method. Would you kindly tell me where I could download the TMS monitor, and if you don't mind sharing your set file on TMS_V19 EA. plz. Thanks
Hi Monty13,

I am also working full time and occasionally on customer sites. I trade with phone using MT4 and TradingView apps.

My suggestion is to use alert system that notify you only with the TDI signals you would trade after analyzing the chart with Price Action as of BigE's #647

As a simple example, in an uptrend, TDI green cross red UP would be considered to buy. The down crosses are not considered.

An effective alert system should give you signals you need, not everything. This is a waste of time.

TDI is a tool with equations known to the public, there are free tools you can use on charting platforms enabling you to set alerts as you analyze the chart (on the fly with phone).

Trade well.

(Example of TV alert setting)
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Quoting khidir
{quote} Hi I am referring to Eelfranz posts who started this thread, he keeps the system that he used, without any added indicators etc over time people have complicated something that was meant to be SIMPLE ? James
I echo your comment.

Keep trading simple.

Use price action to determine bias and enter with TDI cross. 2 steps and a couple criteria to look out.

Trade well.

====

1. TDI is heart of the TMS 5-method --- #261, #2617
All trades I share here are signaled by TDI green cross /bounce red

2. I work with time frames and time of day that suits me --- #644, #1170, #4470
I usually trade during work hour because of my privilege at my job which I have a lot of free time. Sometimes at night because it is London/NY market time when volatility is high. I like Lower Time Frame because I prefer quick-in-quick-out.

3. I use simple PA analysis that everyone can learn --- #276, #647
I prefer leading ones which I can anticipate TMS TDI cross/bounce setups to catch the swing in early stage like BigE demonstrated in his charts

4. Aligning with the discussion of this thread during BigE's time, entries are the main focus --- #495
If I have other aspect of trading to share, I would go to other related threads. I hope readers in this thread can receive concise and relative information in respective thread for efficient learning

5. I apply the correct use of TDI Green & Red lines --- #11
#11 has clearly shown that BigE refreshed his chart before viewing the chart. Traders who want to learn and practice the TMS should 1) refresh the chart before analysis, or 2) use a non-repainting TDI Green Red indicator. I chose the later.

6. Absolutely no EA --- #802
Two reasons: 1) To respect the thread rule. 2) If you need to rely on EAs to help you become profitable, i) Your trading skill is so-so at this stage, and ii) you will never learn the discretionary analysis that can further improve your trading skills

7. Most importantly, I participate the forum with respect --- #486


Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
Quoting tommydoginti
{quote} I echo your comment. Keep trading simple. Use price action to determine bias and enter with TDI cross. 2 steps and a couple criteria to look out. Trade well. ==== 1. TDI is heart of the TMS 5-method --- #261, #2617 All trades I share here are signaled by TDI green cross /bounce red 2. I work with time frames and time of day that suits me --- #644,...
Answering some PM questions quickly before going.

1. ...What time frame you using etc...

I mostly trade with m15, m30 and H1. Depends on volatility, TMS setups. A range on HTF can be a pair of upswing and downswing on LTF with very nice TMS setups. I trade when I have time, not specific to a time of the day

2. ... Do you aim for high strike rate...

Yes. BigE's #495, TMS traders can get 85% win rate, etc. 2 things I look out: Market reaction to volatility, and TMS aiming to trade as price JUST move away from H/L. A later has been mentioned by other members such as TheScropS.

3. ... Recent lot size getting higher...

That is because of the account size. With my personal account @27k now, I still trade with 0.4 lot or lower. But recently most of my trades were on another bigger account.
I still apply low risk on each trade. As of today's trade #133,332, It is a 3 lot trade with ~22 pips StopLoss. That is ~$660 risk on this trade. Approximately 0.3% account size.

That trade and others should also show my approach in taking profit, the other question.

Trade well.
Quoting Elsaloon
{quote} Emmanuel, I downloaded arbinka's TMs Monitor but couldn't find TMS_V19. Do you have the link please ? Wish one do you use ? Do you use Synergy pro ? Thank you Chris

hi Elsaloon

Sorry I did not answer your question "Do you use Synergy pro ? "

I have been trading Synergy, Synergy Advance 2.0 and also Synergy Pro since 2007 and up till 2015.
I stopped using the Synergy tools when I decided to trade with the TDI in 2018.

My trading chart are much simpler now without the Stoc and TDI. Just the Bar chart with APB/HA candle and 5LWMA and 5EMA.
The other TMS MAs are the 50EMA and 200EMA which many of us use them as dynamic support & resistance.

Example like my UJ trading chart below which I posted earlier.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug02 1086 pips 2-8-2022 7-34-43 am.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Elsaloon
Thank you Emmanuel Chris

You are welcome.

A lot depends on you and your own hardwork to achieve success. People can only share what they do and all the stuff posted will not guarantee you can trade and make money like Big E.

You have to work on your very own discretionary trading style like Big E.

Work hard at trading and make trading your business.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Monty13
{quote} emmanuel. Thank you for your honest and valuable advise in your reply, . After reading the post 261 & 647, as you pointed out. Thank you
start posting charts of your trades and I'll help you to see much more than what you alone can see.

make the transition to trade the Daily and I will share my weekly trade plan and also setfiles for the TMS_V19 when I have trade plan prepared.

one more thing is not to reply too much on the TMS_V19 EA alone, you also can use the @TMSTDI WatchDog which many older members here were using for many years. The TMS Monitor can only show an overview of the pairs you have in your watchlist. Those recommendation were by the member arbinka who developed that TMS Monitor. It is a good trading tools for many TMS traders for many years.

Example below, TMS Monitor and @TMSTDI Watchdog alert messages. I personally prefer the @TMSTDI Watchdog alerts when I trade TMS MEME EVO to add-on multiple entries. This is how I add-on trades when I trade UJ Daily chart.

Remember after the 4hr setup , you have the trade window open and you can make a trade entry using m5 alert by @TMSTDI Watchdog .
You don't want to be watching you trading PC all the time. Just wait for the @TMSTDi Watchdog alert messages then you can use your mobile to open orders.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug02 H4 and H1 2-8-2022 7-45-25 pm.png Size: 49 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Good post @Alihelmy123 How to deal with losses in trading too often people would think of the emotion aspects affected by losses. Traders must realised that losses are inherent in all trading systems. There is no 100% winning systems. All the talk here about 99.5% win rate are all nonsense by dreamers. These dreamers are fake traders. Most important is to treat trading as a business. In all forms and types businesses you have to have a trading business plan. In your trading business plan you have to know what the potential...

Hi TMS Folks

I get many PMs today regarding this post I made yesterday.

I will try answer the PMs privately as I already know some of you very well and I understand your trading style and account type and size.

But let me answer a few common asked question.

Q. What means rolling 3-year-trading-cycle?
Ans: A 3YTC is a full 36 months trading plan. It can start anytime during the year. For example, I have one 3YTC started in Oct 2020 and this will run until Sep 2023... 36 months. This cycle is already profitable and with locked in profits.
A rolling 3YTC is when I start another new cycle before the current 3YTC completes.
I have another new 3YTC which started in Feb2021 and is now running. This cycle will complete end Jan2024... same cycle duration of 36 months.

Q. Do I only trade Daily charts?

Ans: No. I trade the Market Type using the Weekly chart. Daily and H4 is where I normally manages my trade baskets. A lot of my trading parameters are based on Daily and Weekly charts, for example the ADR(100) days and the AWR(52) weeks.

For example my post today on EURGBP H4,
https://www.forexfactory.com/thread/...7#post14086257
The Weekly Market Type has a new WCC and the Daily also sideways, therefor that TDI setup must be avoided.

more later,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
TMS Monitor Aug 02 EST 9am PD T6am

- new 4hr trade window open

- H1 signals

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug 02 H4 and H1 2-8-2022 9-06-23 pm.png Size: 22 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
TMS Monitor Aug 02 EST 9am PD T6am - new 4hr trade window open - H1 signals {image} ...

EJ Aug 02 H1 New York 9am

- continuation in trending market

- price action H1 master Candle consolidation breakout

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Aug 02 H1 NYO1 2-8-2022 9-05-48 pm.png Size: 35 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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