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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

  • #144,521
  • Dec 12, 2023 12:29pm Dec 12, 2023 12:29pm
Quoting Tekkies
{quote} Post 144,485 Inform the readers what will happen when you delete TDI from computer. > Will that monitor work? Post 144,491 Will that monitor provide signals with out TDI? Nice try Vincent. It is clear that you are unwilling to admit that the monitor needs TDI. Post 1 Installation instruction:...

hey @Tekkies

this member has 6 years consistent profit without TDI .... he has beaten your Holy Grail TDI with 7+years losses only.
and he provides link to FXBlue account ...

FF Admin made him commercial member ...
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,522
  • Dec 12, 2023 6:43pm Dec 12, 2023 6:43pm
Dec 13 Asian markets session slowly waking up ...

after yesterday US CPI data release ... forex market sentiments is pretty mixed despite the DOW, S&P and NASDAQ continue year-end rally.

When you are learning to use the TMS Monitor by member @arbinka, always take his advice and check you charts and make thorough investigation before you decide to take any trade.

However, for those more experienced traders you can decide easily when you done your trade plan and know what type of setups to trade.

Example AU Dec 13 1Hr Tokyo 9am

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AU ' TDI green price line show a tweek from 2 to 3 and the HA candle crossing its 5EMA,

Now I check my chart, I look farther left and I know the Daily and H4 conditions are not favourable to trade in sideways market type conditions especially after the CPI data release.

Attached Image (click to enlarge)
Click to Enlarge Name: AU Dec13 H1 Tokyo 9am 13-12-2023 8-21-10 am.png Size: 27 KB


To trade the Tokyo Open, I have my SYD_2H breakout strategy.


***Important discipline is to wait for the bar/candle to close to confirm the trade setup. New traders should not use the dynamic candle entry when trading the reversals and when your are trading with single entry / single exit. ***


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,523
  • Dec 12, 2023 6:57pm Dec 12, 2023 6:57pm
Quoting eelfranz
For those not having a MT4 Platform : In place of the TDI -> use the CCI set to 6 and for the level enter a 0.0 line. When the line crosses the 0.0 line you normally have a set up. This info was PM'ed to me ...
Let's study if the CCI(6) crossing zero line is true.

In most cases I tested that is true.

AU Dec 13 H1 Tokyo 9am

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Click to Enlarge Name: AU Dec13 CCI(6) 13-12-2023 8-53-24 am.png Size: 35 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,524
  • Dec 12, 2023 7:10pm Dec 12, 2023 7:10pm
Dec 13 London - New York sesssions

Another good day for trading news/data release,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,525
  • Dec 12, 2023 7:15pm Dec 12, 2023 7:15pm
Quoting emmanuel7788
Dec 13 London - New York sesssions Another good day for trading news/data release, {image} ...

GU Dec13 H1

- using the 100-days ADR High-Low

- pick top and bottom when the time is right

- Do Not shoot at moving target

Attached Image (click to enlarge)
Click to Enlarge Name: GU Dec13 h1 CPI high-low range 13-12-2023 9-06-13 am.png Size: 263 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,526
  • Dec 12, 2023 7:19pm Dec 12, 2023 7:19pm
EU Dec13 H1 Tokyo10am

- target practice


- BRN 10800

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Arjun'
https://www.forexfactory.com/thread/...-time-frame-15

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,527
  • Dec 13, 2023 12:06am Dec 13, 2023 12:06am
When the market is not trending like this,

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Do Not try force a trade


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> most newbies and beginners will fail ...


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,528
  • Dec 13, 2023 12:37am Dec 13, 2023 12:37am
Quoting emmanuel7788
When the market is not trending like this, {image} Do Not try force a trade {image} > most newbies and beginners will fail ... ...

UCad Dec13 Intraday trade idea ... TOK_5H

- when the market is sideways look for breakout trade setups

- look at the Tokyo morning session 5-hours high-low range

- take a trade when there is a breakout candle with strong momentum


Attached Image (click to enlarge)
Click to Enlarge Name: UCad Dec13 TOK_5H 13-12-2023 2-33-36 pm.png Size: 30 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,529
  • Dec 13, 2023 12:40am Dec 13, 2023 12:40am
Quoting emmanuel7788
{quote} UCad Dec13 Intraday trade idea ... TOK_5H - when the market is sideways look for breakout trade setups - look at the Tokyo morning session 5-hours high-low range - take a trade when there is a breakout candle with strong momentum {image} ...

Learn to use the TMS Monitor to help you...

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon Dec 13 UCad H1 13-12-2023 2-38-09 pm.png Size: 27 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,530
  • Dec 13, 2023 12:46am Dec 13, 2023 12:46am
Quoting emmanuel7788
{quote} Learn to use the TMS Monitor to help you... {image} ...

Another of my favourite template is this TMS_V19 MTF EA

- this EA will check all indicators conditions and prompt you with alerts according to your personal preferences ...

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Dec13 H1 V19 EA 13-12-2023 2-43-59 pm.png Size: 45 KB





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,531
  • Dec 13, 2023 1:06am Dec 13, 2023 1:06am
Quoting emmanuel7788
{quote} Another of my favourite template is this TMS_V19 MTF EA - this EA will check all indicators conditions and prompt you with alerts according to your personal preferences ... {image} ...
USDCAD Dec13 H1

- seconds before Frankfurt Open, I get this DBLHC PA alert

- quite move at FO


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Dec13 H1 DBLHC PA 13-12-2023 3-03-08 pm.png Size: 51 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,532
  • Dec 13, 2023 2:05am Dec 13, 2023 2:05am
Quoting emmanuel7788
{quote} UCad Dec13 Intraday trade idea ... TOK_5H - when the market is sideways look for breakout trade setups - look at the Tokyo morning session 5-hours high-low range - take a trade when there is a breakout candle with strong momentum {image} ...
Quoting emmanuel7788
{quote} USDCAD Dec13 H1 - seconds before Frankfurt Open, I get this DBLHC PA alert - quite move at FO {image} ...
USDCAD Dec13 H1 TOK_5H breakout trade

-

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Dec13 H1 TOK5H breakout 13-12-2023 4-03-28 pm.png Size: 50 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,533
  • Dec 13, 2023 3:23am Dec 13, 2023 3:23am
Quoting emmanuel7788
{quote} GU Dec13 H1 - using the 100-days ADR High-Low - pick top and bottom when the time is right - Do Not shoot at moving target {image} ...

Attached Image (click to enlarge)
Click to Enlarge Name: GU Dec13 h1 CPI high-low range 13-12-2023 9-06-13 am.png Size: 263 KB



GU Dec13 H1 TMS-II sniper trade

- took aim ... deep breath and hold ... two rapid fire shots ... when target move below 5EMA

- drop +10pips, and +30pips

Attached Image (click to enlarge)
Click to Enlarge Name: Gu Dec13 H1 trades closed 13-12-2023 4-01-48 pm.png Size: 23 KB

> keep it simple
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,534
  • Dec 13, 2023 7:00am Dec 13, 2023 7:00am
Quoting Divergence
what happened craigs stoc method didnt work?

Of course it didn't.

Every person with their 'system' is keen to get going after they spot a few profitable entries. Not a single one of them back- and forward-tests the system hundreds of times to see if it's reliable. So they all burn out.

All these crappy trading 'systems' amount to this: draw enough lines on a chart and eventually price will hit one of them.
  • #144,535
  • Dec 13, 2023 8:05am Dec 13, 2023 8:05am
Quoting tommydoginti
{quote} BigE's TMS is very consistent trading method. It has been quite profitable in the past 3 years. Aug-Dec 2023 {image} 2021-2023 {image} I only trade with SLTP and closing the whole position at once. so 1 trade = 1 TMS setup = 1 entry & 1 exit Moving forward, BigE's TMS rules will be followed and no modification is needed. I am going to give back to the community with some statistical findings later before heading out of town. Sample size: ~950 trades in IG acc. (2021-2023) ~200 in prop firm acc. (2022-2023) ~500 setups in backtest (2019-2020)...
Trading Made Simple 3 year summary

Performance track on an account (~950 trades / TMS setups): #144517 #129706

BigE has laid out the rules of TMS trading method. However, over the years there are many traders who just want the "holy grail" and jump between indicators and methods, adding more and more indicators on the charts, or spending years disputing the TMS method and spreading hate in the forum.

For the past 3 years I kept trading with the TMS rules (actually part of it). The statistics I will share are all based on the TMS trade setups following the below rules from BigE's posts. Briefly,
1. TDI green and red line being heart of the method and the only indicator on chart (Trade timing) (post#119 and many others)
2. Price Action from post #647 (For trend, I also followed post #49, >3 HA candle swings)
3. I trade almost exclusively on TDI green cross red signals

Example from BigE
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For more detail, refer to #125164 and #125132
========

The way I practice TMS can be found in the following posts by BigE, No need to add any more craps like gambling EAs and indicators.

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 !
  • #144,536
  • Dec 13, 2023 8:20am Dec 13, 2023 8:20am
Quoting tommydoginti
{quote} Trading Made Simple 3 year summary Performance track on an account (~950 trades / TMS setups): #144517 #129706 BigE has laid out the rules of TMS trading method. However, over the years there are many traders who just want the "holy grail" and jump between indicators and methods, adding more and more indicators on the charts, or spending years disputing the TMS method and spreading hate in...
Trading Made Simple 3 year summary

Method rules: #144535
Performance track on an account (~950 trades / TMS setups): #144517 #129706

About trading journals

To properly investigate what I seek from the TMS method, I keep trading journals, but a bit more than recording entries, exits, etc. 2 cents on my approach to better assess strategy performance.

For example, I keep track of the price movement to evaluate one of BigE's TMS Price Action elements, previous highs and lows, reversals, etc. The trade exit may be at TP, SL, or where it was closed manually. However, the trade outcome is trading performance. Understanding the method performance and optimization will require more documentation.

Below is part of the journal, documenting price level retests upon a TMS setup. Long story short, BigE's TMS cross entries has a ~65% accuracy. (Definition of "Accuracy" is according to myfxbook)
Will elaborate more in next post.

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Sample size ~1650 TMS setups:
~950 trades in IG acc. (2021-2023)
~200 in prop firm acc. (2022-2023)
~500 setups in backtest (2019-2020)
  • #144,537
  • Dec 13, 2023 8:59am Dec 13, 2023 8:59am
Quoting emmanuel7788
{quote} {quote} USDCAD Dec13 H1 TOK_5H breakout trade - {image} ...

very busy day today cleaning up my workshop and missed a lot of market action ...

Plan A false breakout ... then missed my Plan B trade ...


the London session high reversal

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Click to Enlarge Name: USDCAD Dec13 H1 reverse LONdon 10AM 13-12-2023 6-02-02 pm.png Size: 45 KB



a bounce

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Click to Enlarge Name: TMS Mon Dec13 LONDON 10am 13-12-2023 6-00-46 pm.png Size: 28 KB




and then this ...

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...



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,538
  • Dec 13, 2023 9:11am Dec 13, 2023 9:11am
Quoting emmanuel7788
{quote} GU Dec13 H1 TMS-II sniper trade - took aim ... deep breath and hold ... two rapid fire shots ... when target move below 5EMA - drop +10pips, and +30pips {image} > keep it simple ...

Attached Image (click to enlarge)
Click to Enlarge Name: Gu Dec13 H1 trades closed 13-12-2023 4-01-48 pm.png Size: 23 KB



{image}

GU Dec 13 H1 TMS II sniper trading

- one more positions closed +45pips


- one last position protected and waiting for TP at last Friday' Low

Attached Image (click to enlarge)
Click to Enlarge Name: GU Dec13 H1 trades closed 45pips 13-12-2023 11-05-21 pm.png Size: 27 KB





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,539
  • Dec 13, 2023 9:29am Dec 13, 2023 9:29am
Quoting JauntyLoon
{quote} Of course it didn't. Every person with their 'system' is keen to get going after they spot a few profitable entries. Not a single one of them back- and forward-tests the system hundreds of times to see if it's reliable. So they all burn out. All these crappy trading 'systems' amount to this: draw enough lines on a chart and eventually price will hit one of them.

hey @JauntyLoon

That post by @Divergence 12 years ago.

The problem back then in 2011 was the OP eelfranz added other systems and methods to Craig Harris' NFF system and got many people confused. The thread was moved to the Commercial Content forum by FF Admin for obvious reasons when both Craig Harris and Dean Malone were selling their seminars and membership, etc.

There were other problems in that old thread and @eelfranz started this new thread and made the jump back to Trading Systems forum to discuss only the 5-Method.
This thread title 'Trading Made Simple' aka TMS for short has many people confused thinking TMS is a trading system. There is no trading system here but just a simple Price Action trading methodology and using indicators from other commercial systems.

There's a long history here and we have people coming here to lure innocent people to their own website selling trade signal service, membership subscription, indicators and trading robots, etc.

Example is this website which hijacked the thread title and selling predictive TID ...,

Attached Image (click to enlarge)
Click to Enlarge Name: GilR nonsense predictive TDI.png Size: 346 KB





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,540
  • Dec 13, 2023 9:51am Dec 13, 2023 9:51am
Reply to PMs:

I noticed this month being holiday season and I get more PMs from members who are not active in this thread and making requests and asking questions etc.
Also members who have stopped trading and wanting to know how to resume and catching up with new systems, new updates, etc.

It is not possible for me to reply all the PMs during this holiday season as I have started to wind down my trading and trade a lot less till Jan next year.

Most PMs were on latest updates and what is TMS-II, TMS MEME and TMS EVO.

One member pointed to this post #64,075 same week in Dec 11 2015 and wanted to know if MEME is a new system.

#64,075
https://www.forexfactory.com/thread/...62#post8640162


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I will reply all the PMs and explain a lot what has happened here the last 12 years .

Be patient and read this thread on regular basis and be up to date.

I will get back up to speed after the holidays.


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