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Trading Made Simple

  • #142,421
  • Sep 6, 2023 7:58pm Sep 6, 2023 7:58pm
Quoting tommydoginti
{quote} Good result. But you are trading too much. One good trade a day would be enough with TMS method. The accuracy is very high for TMS. Just put in reasonable risk (e.g. 1% / trade) and you can make very good profit with just 1 trade a day. /// {image} {image} {image}

Hey Folks

Contrary to @tommydog's belief " The accuracy is very high for TMS."

Fact is : There is no such thing as high accuracy in trading the markets. This is a newbie thinking hence his beliefs.

1. TMS is acronym for this thread' title Trading Made Simple and why Big E chose this amongst several other title you can read in his old thread before he made the jump to this forum from the Commercial forum.

2. TMS is about trading the original 5-Method which is Price Action trading on naked charts with add-on indicators for technical studies.

3. Big E added the Stochastics and other indicators to his trading back in 2008. #110

4. Big E added the Traders Dynamic Index as helping indicator thinking that would help others who are intermediate+ level traders. Not newbies and beginners. #3805

5. The truth is he can trade without both the Stochastics and lagging and repainting TDI. #2617

This entire thread has no trading system. It is all the trading journey of the OP starting out a stock market trader in the 90s, then after 10 years he moved on to trading the retail spot forex market. There is no evidence that he was profitable in the short 3 to 4 years 2008 to 2011 in his own thread .
He did post a few live trades and there were winners and losers. I have not seen consistent monthly profits in those 4 years. But what he posted in FF made a lot of sense to me having followed all his post and have out in my own years of trading Price Action since the mid-80s.

You all can learn from all his posts in Forex Factory and continue your own trading journey.#296

One day you will make it to become a better trader but only after you experienced yourself and overcome all the reasons why 99% of TMS traders are losers.

Too much time is being spent on TDI and Stochastics,

Too little time on Price Action and Support/Resistance.

And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.

You need to find your WINNING EDGE and the TDI is not in the winning edge equation...


and


Why 99% of retail traders lose money { here }

and hanover gave a long list why { here }

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,422
  • Sep 6, 2023 8:15pm Sep 6, 2023 8:15pm
Quoting tommydoginti
{quote} Good result. But you are trading too much. One good trade a day would be enough with TMS method. The accuracy is very high for TMS. /// {image} {image} {image}
@tommydog

That is just one month and cannot be considered as "Good result".

Good result is when one has achieved CONSISTENCY in trading the same method over a longer period like 3 years to 7 years.

TMS-II is trading Big E' 5-Method after stripping both the Stoch and TDI from my trading charts. #2617.
I know you will have serious problems trading without the TDI.

You started trading in Oct 2020. When did you start trading your "TMS + #647" ?

What I would consider "Good result" is when one can complete the first 36-months cycle with CONSISTENT winners ...

2021
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2022
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2023
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,423
  • Sep 6, 2023 8:31pm Sep 6, 2023 8:31pm
Quoting tommydoginti
{quote} Good result. But you are trading too much. One good trade a day would be enough with TMS method. The accuracy is very high for TMS. Just put in reasonable risk (e.g. 1% / trade) and you can make very good profit with just 1 trade a day. August was a good month for very nice TMS setups with TDI signals. /// {image} {image} {image}
Folks,

I trade TMS-II every 4hr of the day between Sydney Open till London session overlap the US sessions. I have my trading EAs running in my trade server and I can trade when I receive trade setup alerts on my mobile. I can access my trade server from my mobile while I am managing my family business during the daylight hours and I place my trades which are according to my trade plans of the day and week. I do not sit in front of my PC all day long and I do not use my mobile to take photos to show people here where I am.
TMS-II has its 60:40 rule and you wont over trade or trading too much. Do Not put all eggs in one basket.

Big E' TMS trading his 5-Method is about looking for the best setups according to his rules.

#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.

If I put all of my eggs in one basket... it was hit or miss....

I trade both ways with success...
<>

#557
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...

I REMEMBER THE DAYS WRINGING OUT MY HANDS FOR MY $500 ACCOUNT... THE SKIES FALLING ! Help, help, help.

If I enter a trade lets say and I'm monitoring the trade and its up 50 pips but suddenly it pulls back 10-15 pips I just exit. I'll keep the profit at $10 a pip... no big deal. If it turns and continues (bounce) I'll just jump back in... Don't get so rigid...

Best hours time of day when trades are closed, 229 trades were closed by my TMS-II EA and I did not have to be at my PC or my mobile to manage trades. I get mobile message when trades were open and closed. My brokers' MT4 has this nice messaging service which you can set up .
============================
August 2023 Hourly statistics
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,424
  • Sep 6, 2023 8:47pm Sep 6, 2023 8:47pm
Quoting Shaggalo
{quote} Most of the big runs of 10+ bars, on most pairs do not start <32 or >68 on 4H or less. They start between 40 and 60. Charts look a little different to 2011 these days.
The market volatility is different compared to those years between 2008 and 2011

We need to adjust our trading systems to volatility based market type conditions.

The TDI is based on moving averages of the RSI data.

@Shaggalo is correct in his observations on the levels 40 and 60.

John Hayden in his book "RSI:The Complete Guide" mention certain RSI levels and how his studies shows how the market trend and the RSI confluence.

Can the RSI help us determine the market trend and the swing of 3 to 8 candles ?

Well, John Hayden' RSI study has some good information to feed those hungry for knowledge.


RSI: The Complete Guide by John Hayden click to [download]

Trend Determination using the RSI (TDI) click to [download]

.....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,425
  • Sep 6, 2023 8:56pm Sep 6, 2023 8:56pm
Quoting emmanuel7788
{quote} The market volatility is different compared to those years between 2008 and 2011 We need to adjust our trading systems to volatility based market type conditions. The TDI is based on moving averages of the RSI data. @Shaggalo is correct in his observations on the levels 40 and 60. John Hayden in his book "RSI:The Complet Guide" mention certain RSI levels and how his studies shows how the market trend and the RSI confluence. Can the RSI help us determine the market trend and the swing of 3 to 8 candles ? Well, John Hayden' RSI study has some...

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,426
  • Sep 6, 2023 11:18pm Sep 6, 2023 11:18pm
Quoting emmanuel7788
{quote} The market volatility is different compared to those years between 2008 and 2011 We need to adjust our trading systems to volatility based market type conditions. The TDI is based on moving averages of the RSI data. @Shaggalo is correct in his observations on the levels 40 and 60. ....
And it's different for various pairs commodities and indicies.
Pairs like AudCad and AudNzd tend to move like a pong game, which can be good for TMS.
That's why I'm moving to 12H and daily. It's a smoother chart without the crazy news noise like last night.
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And a lot less fake outs.

For me this may be easier as it's always been my preferred TFs.

BTW I've started a journal to test my strats, I'll still be checking here.
And thanks to you guys for keeping this thread alive, it's saved me contless hours of doing my own research and it blends in nicely with my existing strats.
Because the method is just as important as the comfort of the user using it.
  • #142,427
  • Sep 6, 2023 11:31pm Sep 6, 2023 11:31pm
Quoting Tekkies
{quote} {image}
this is a real trade! action show the true. members can learn from ...
good luck with sideway trade
  • #142,428
  • Sep 7, 2023 12:24am Sep 7, 2023 12:24am
Quoting havenoidea
{quote} this is a real trade! action show the true. members can learn from ... good luck with sideway trade
Looks pretty good on my screen.
Down like a rock in a pond

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  • #142,429
  • Sep 7, 2023 12:55am Sep 7, 2023 12:55am
Quoting havenoidea
{quote} this is a real trade! action show the true. members can learn from ... good luck with sideway trade

there was no trade ... just the usual hindsight paper trading in this thread after refreshing the charts ... to mislead people here that the that his TDI is Holy Grail .

In hindsight anyone here can post old charts and show where the perfect entries and exits were..

We have an expert here who write very good narrative about "Accuracy 0%" in their hindsight after-the-fact analysis.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,430
  • Sep 7, 2023 12:56am Sep 7, 2023 12:56am
Quoting Shaggalo
{quote} Looks pretty good on my screen. Down like a rock in a pond {image}
it is time to buy it hit floor but for me i dont like to trading sideway at all
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  • #142,431
  • Sep 7, 2023 12:58am Sep 7, 2023 12:58am
Quoting Shaggalo
{quote} And it's different for various pairs commodities and indicies. Pairs like AudCad and AudNzd tend to move like a pong game, which can be good for TMS. That's why I'm moving to 12H and daily. It's a smoother chart without the crazy news noise like last night. {image} And a lot less fake outs. For me this may be easier as it's always been my preferred TFs. BTW I've started a journal to test my strats, I'll still be checking here. And thanks to you guys for keeping this thread alive, it's saved me contless hours of doing my own research and...

12H is good

in fact I believe Big E will agree with that as he also trade the Daily which is 24H.

trading the 4hr as I am trading my TMS-II system strategy means I only trade once every 8-hours interval in a 24 hours day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,432
  • Sep 7, 2023 2:23am Sep 7, 2023 2:23am
Quoting havenoidea
{quote} it is time to buy it hit floor but for me i dont like to trading sideway at all {image}
Maybe yes, maybe no, but markets are all down right now.
The 12H charts shows a clear pattern.
And yes i went short the previous red, there was no trade in the first red as TDI was clearly above red.
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While I understand that there was no trade on the 4H chart pattern, the 12H and daily is different and just possible (we are always assuming) continuation move.
And imo current 4H is equivalent to 1h of 2011.
  • #142,433
  • Sep 7, 2023 2:25am Sep 7, 2023 2:25am
Quoting emmanuel7788
{quote} 12H is good in fact I believe Big E will agree with that as he also trade the Daily which is 24H. trading the 4hr as I am trading my TMS-II system strategy means I only trade once every 8-hours interval in a 24 hours day.
I like the 12H best because it takes into account consecutive days/news in both hemispheres.
In the old days it had to be done on SICOM and deal with opening gaps.
  • #142,434
  • Sep 7, 2023 2:51am Sep 7, 2023 2:51am
Quoting Shaggalo
{quote} Looks pretty good on my screen. Down like a rock in a pond {image}
Good trade Shaggalo,

I see you are getting the essence of BigE’s TMS.

No TMS would mention anything about buy when price reaching previous High.

Sell the market with TDI signals is the way to go, no matter what timeframe you trade

When you analyse the chart for trading, trade the current opportunities.

keep on the good work.

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  • #142,435
  • Sep 7, 2023 2:56am Sep 7, 2023 2:56am
GBPAUD Sep07 PDT 10PM 08004hr candle

- H4 shows market consolidation with that Master Candle[3]

- at the Open of the H4 0800 candle, there was no setup

- what can you trade?

- if you had read all the OP' post you would know his answer and why he chose Trading Made Simple as this thread' title

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,436
  • Sep 7, 2023 3:03am Sep 7, 2023 3:03am
Quoting emmanuel7788
{quote} @tommydog.... You got it WRONG about my post on AUS200. I know your father is 65 years old and a retired IT professional and he trades the HSI for his retirement expenses. You should be talking to him and learn how he trades without this lagging TDI oscillator. I am sure you have tons to learn from him besides how to trade and make money on daily basis. He can teach you to be honest and be humble and accept your own weaknesses which you are born with. Learn everything from others and do not talk like those fake trading gurus you find on...
"There is no sell AUS200 this week" > Post 142,417
You lost your mind, Vincent??

Once more, please stop posting bullshit.
  • #142,437
  • Sep 7, 2023 3:04am Sep 7, 2023 3:04am
Quoting Shaggalo
{quote} Maybe yes, maybe no, but markets are all down right now. The 12H charts shows a clear pattern. And yes i went short the previous red, there was no trade in the first red as TDI was clearly above red. {image} While I understand that there was no trade on the 4H chart pattern, the 12H and daily is different and just possible (we are always assuming) continuation move. And imo current 4H is equivalent to 1h of 2011.
Good trade

that's quite simple and clear with Big E' 5-Method with APB candles and 5EMA

when trading H12, the next higher TF is the Weekly,

the weekly 'signal' was two weeks ago but after that 'signal' the market went sideways and this week is a 'good' sell signal on Sep 05.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,438
  • Sep 7, 2023 3:04am Sep 7, 2023 3:04am
Quoting emmanuel7788
{quote} @tommydog That is just one month and cannot be considered as "Good result". Good result is when one has achieved CONSISTENCY in trading the same method over a longer period like 3 years to 7 years. TMS-II is trading Big E' 5-Method after stripping both the Stoch and TDI from my trading charts. #2617. I know you will have serious problems trading without the TDI. You started trading in Oct 2020. When did you start trading your "TMS + #647" ? What I would consider "Good result" is when one can complete the first 36-months cycle with CONSISTENT...
Hi Emmenual,

I said it is was good result because the profit factor in August was higher than my average in the past years.
August was unreal
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Average PF for TMS method is 2.5~3
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Risk control is the first thing to consider when trading.

with ROI >10 (growth : max DD) in August, I would consider a good month because of few losing trades.
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  • #142,439
  • Sep 7, 2023 3:08am Sep 7, 2023 3:08am
Quoting Tekkies
{quote} "There is no sell AUS200 this week" > Post 142,417 You lost your mind, Vincent?? Once more, please stop posting bullshit.

@Tekkies

Please carry on and continue to post your daily diarrhea in this thread. That's what you can only do and do best when you do not have any trading skills.

You simply do not know how to read your charts and worst of all is you do not know how to read the candles on your charts.

With hindsight all the fake teachers and trading gurus can tell people where to buy where to sell ... all the typical bullshit seeing support and resistance on hindsight old charts.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,440
  • Sep 7, 2023 3:20am Sep 7, 2023 3:20am
Quoting havenoidea
{quote} this is a real trade! action show the true. members can learn from ... good luck with sideway trade
No trade was placed because I don't trade that pair.
Loaded the chart and that is what TDI showed.
It is basically the same what BigE does and would see when he switch on (fire up) the computer.
#4354 When I fire up my puter the first thing I do is bring up my charts page and glance at all the pairs.
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