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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

  • #2,801
  • May 17, 2011 4:50am May 17, 2011 4:50am
Quoting johnsund
Mel - what is TMS? Do not recall seeing that term.
Hi johnsund,

TMS = Trading Made Simple (name of the thread)

Cheers!
  • #2,802
  • May 17, 2011 4:52am May 17, 2011 4:52am
Quoting johnsund
Mel - what is TMS? Do not recall seeing that term.
Hi Johnsund,

The TMS is in fact the same indi as the TDI exept that the TMS isn't flaky as the TDI. It is the indicator that Xaphod has sharred here with us a few page back. You can find his post here:

http://www.forexfactory.com/showthre...64#post4619664
  • #2,803
  • May 17, 2011 4:53am May 17, 2011 4:53am
long
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Trade responsiblypatience is the key/Swing trader
  • #2,804
  • May 17, 2011 4:54am May 17, 2011 4:54am
Quoting johnsund
Mel - what is TMS? Do not recall seeing that term.
1. it means TRADE MADE SIMPLE
2. Intergarted Version of TDI by Xaphod posted ealier.CHEERS
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #2,805
  • May 17, 2011 4:58am May 17, 2011 4:58am
Quoting Incrediblle
long
sl hit
Trade responsiblypatience is the key/Swing trader
  • #2,806
  • May 17, 2011 5:05am May 17, 2011 5:05am
Quoting Incrediblle
sl hit

Setup didn't look solid. Stochs were headed the opposite direction.
  • #2,807
  • May 17, 2011 5:17am May 17, 2011 5:17am
Quoting prof8t
Setup didn't look solid. Stochs were headed the opposite direction.
it was turning upside?
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Trade responsiblypatience is the key/Swing trader
  • #2,808
  • May 17, 2011 5:19am May 17, 2011 5:19am
Quoting Incrediblle
it was turning upside?
It's interesting how different brokers and times display the indies differently. Mine showed the stochs headed down.
  • #2,809
  • May 17, 2011 5:21am May 17, 2011 5:21am
Quoting prof8t
It's interesting how different brokers and times display the indies differently. Mine showed the stochs headed down.
now it already moved up...if i was in trade i would be in green...

one of the reason i am using 1hr chart is because all brokers have same opening and closing time unlike 4hr charts.
Trade responsiblypatience is the key/Swing trader
  • #2,810
  • May 17, 2011 5:41am May 17, 2011 5:41am
After having some great success with this method by strictly obeying the trading parameters I decided to push the boundaries and preempt set ups, trade M15 & M5, second guess highs and lows, over trade, not wait for tdi crosses etc etc. Basically I deliberately made all the rookie moves I could and blew my account up. Fantastic lesson and one that I wanted to experience before I decided to allocate some serious trading capital to this methodology.
Reality is and I think Eeelfranz mentioned this in an earlier post is that he has the patience and the ability to just look for a handful of high probability trades per week - a great methodology when applied correctly.
  • #2,811
  • May 17, 2011 5:54am May 17, 2011 5:54am
Quoting silversurfer
After having some great success with this method by strictly obeying the trading parameters I decided to push the boundaries and preempt set ups, trade M15 & M5, second guess highs and lows, over trade, not wait for tdi crosses etc etc. Basically I deliberately made all the rookie moves I could and blew my account up. Fantastic lesson and one that I wanted to experience before I decided to allocate some serious trading capital to this methodology.
Reality is and I think Eeelfranz mentioned this in an earlier post is that he has the patience and...
The people that are consistently profitable and succesful week in week out actually find trading boring....they have a method, usually trade larger lots and only have a few trades per week. They wait for the ideal setups and have a high enough strike rate that the losses arent felt. Its us learners that complicate and overanalyse.....leave our brain out of the decision making and mechanise our method as much as possible and we will be right I reckon. Its probably why Big E is helping us....he has his method, he trades it every day and he takes the right trades....its probably boring to him so he gives himself a new challenge in training us.
Anybody heard from him??? He was supposed to be going to the hospital today wasnt he??
  • #2,812
  • May 17, 2011 6:01am May 17, 2011 6:01am
Only trade I found this morning on EG 1hr (I'm UK based)
Closed at the round number at 0.8704 for 28 pips, a proper TDI exit, at the close of the second red candle, would have given the opportunity to exit at a lower level but would have signalled me to close at 0.8701
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You don't have to be right, just don't be too wrong
  • #2,813
  • May 17, 2011 6:06am May 17, 2011 6:06am
Great thread Big E thank you for all your effort.

Wow I can't believe how fast this thread grows. Anyway I know its the wrong time of day but I took this GY short. I don't know if it was wise or not but my risk is extremely low while I learn.
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  • #2,814
  • Edited 6:16am May 17, 2011 6:12am | Edited 6:16am
Quoting Incrediblle
now it already moved up...if i was in trade i would be in green...

one of the reason i am using 1hr chart is because all brokers have same opening and closing time unlike 4hr charts.
Perhaps look again at 4 hr charts. I hated the thought of 4htf but now after even just a few day i aint going back lower.

today I have had

gu +3 trading re entry felt a bit ify after so cullued it

ucad current still open+12

eu j +20 trading re entry went to +30 pulled back to sl ..sinse then another 24 would have go on if I did not move my sl so early.

us jp +19 closed

54 pips today all on the 4 hours charts - less stress and now I wait 174 min until next bar freeing me from the screen...
I rekon I can get more with less fear but that my area to work on.
Also i would reco you use the stoc slope indi not plain stoc

cheers for now
  • #2,815
  • May 17, 2011 6:15am May 17, 2011 6:15am
Quoting dean
The people that are consistently profitable and succesful week in week out actually find trading boring....they have a method, usually trade larger lots and only have a few trades per week. They wait for the ideal setups and have a high enough strike rate that the losses arent felt. Its us learners that complicate and overanalyse.....leave our brain out of the decision making and mechanise our method as much as possible and we will be right I reckon. Its probably why Big E is helping us....he has his method, he trades it every day and he takes the...
  • #2,816
  • May 17, 2011 6:18am May 17, 2011 6:18am
Quoting courtneywild
Perhaps look again at 4 hr charts....
Hi Courtney,
Any chance of a few marked up charts?
I'd like to see where you jumped on board

Cheers
LD
You don't have to be right, just don't be too wrong
  • #2,817
  • Edited 6:51am May 17, 2011 6:25am | Edited 6:51am
Quoting johnnykanoo
Great thread Big E thank you for all your effort.

Wow I can't believe how fast this thread grows. Anyway I know its the wrong time of day but I took this GY short. I don't know if it was wise or not but my risk is extremely low while I learn.
I took this trade too at the moment short on GY, EY, UY. All had good conformation with stochastic coming down from over 80 and all trades short from a swing high. Peace.
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  • #2,818
  • May 17, 2011 6:46am May 17, 2011 6:46am
Quoting El Dee
Hi Courtney,
Any chance of a few marked up charts?
I'd like to see where you jumped on board

Cheers
LD
top two re entry. I'm in europe so an hour ahead of London Open.
133 mins till next bar... and counting
cheers
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  • #2,819
  • May 17, 2011 7:02am May 17, 2011 7:02am
In at the end of the first candle...tdi had crossed. Comments welcome
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  • #2,820
  • May 17, 2011 7:10am May 17, 2011 7:10am
Quoting dean
In at the end of the first candle...tdi had crossed. Comments welcome
jumped on the same one a few minutes ago myself so lets hope for the best hey
nollej is power..
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