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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

  • #5,901
  • Jun 21, 2011 8:10am Jun 21, 2011 8:10am
Quoting plamendp
To me it looks like big sharks took the opportunity (No big News, Greece drama tomorrow, etc.) to clean all stops inbetween 1.42-1.43 area in preparation for tomorrow plunge (Greek Parliament). That's just a hunch anyway.

Btw, what's the name of the pattern in red colored box? Very unusual (to me at least)? Do you see the same gap? I think today's rally was just to fill it up.. Just thoughts...

On a side note: any greek fellow here ? Any insight information?

Plamen
Hi, Plamen, can you share with us how you make the candle bar separated from the blue/red bar?

Thanks.
  • #5,902
  • Jun 21, 2011 8:11am Jun 21, 2011 8:11am
Long on G/U
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  • #5,903
  • Jun 21, 2011 8:15am Jun 21, 2011 8:15am
Quoting The7
This is what I have. Not even near set up per the original rules.
Interesting to see your chart with 4 red candles. Please refer my chart? Am i missing something?
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  • #5,904
  • Jun 21, 2011 8:18am Jun 21, 2011 8:18am
Quoting The7
Long on G/U
Hi The7

I think we are using different platforms but I dont have a confirmed cross (candle closed). Do you, or do you trade as soon as the cross happens, without the confirmation.
  • #5,905
  • Jun 21, 2011 8:22am Jun 21, 2011 8:22am
Mackaozy,

Per your question regarding Craig Harris.

I met Eelfranz a couple of years ago in a thread called stochastics
secrets. Eelfranz and I both were trading using stochastics on the
5 minute chart.

We ended up trading the Criag Harris method using stochastics
on the 15 minute chart with fractals. This led us to the Dean
Malone system of Synergy.

Eelfranz tweeked synergy to the system that you see now. The
reason we changed synergy is eelfranz system in my opinion
is more profitable.

Your using a rsi indicator instead of a stochastics indicator. In my
opinion the fastest indicator in this order is 1). Rsi. 2). Stochastics.
3). Macd. So the indicator is different. The time frame is different.
From a 5 minute and 15 minute chart to a 4 hour chart.

In my opinion Eelfranz system is easier, easier to learn and more
profitable. It has been a evolution in trading systems. Three years
later and thousands of trades later this system is just easier and
more profitable. That is why Eelfranz brought the system to this
forum for the whole class to look at.

If you study synergy with Dean Malone. Dean does not like the
stochastics indicator. However Eelfranz and I do. Dean Malone
just uses the TDI indicator and the price channels of 5 smoothed,
hi/lo. Eelfranz uses TDI plus stochastics with no price channels
but with a 5 ema shift +2. The system are very similar but a
little different. Eelfranz system is a tweeked synergy system which
in my opinion is more profitable than synergy.

However, Compass fx and Dean Malone videos (archived videos) are
excellent training videos. I would recommed that everyone watch
them. Dean Malone at Compass fx is an excellent teacher and I
have learned a great deal from his videos.

So to make a long story short it all came down to profitability.
Hope this helps you...

snarlyjack
  • #5,906
  • Jun 21, 2011 8:29am Jun 21, 2011 8:29am
Quoting snarlyjack
Mackaozy,

Per your question regarding Craig Harris.

I met Eelfranz a couple of years ago in a thread called stochastics
secrets. Eelfranz and I both were trading using stochastics on the
5 minute chart.

We ended up trading the Criag Harris method using stochastics
on the 15 minute chart with fractals. This led us to the Dean
Malone system of Synergy.

Eelfranz tweeked synergy to the system that you see now. The
reason we changed synergy is eelfranz system in my opinion
is more profitable.

Your using a rsi indicator instead of a stochastics...
Great summary of the history of TMS
  • #5,907
  • Jun 21, 2011 8:30am Jun 21, 2011 8:30am
Am i correct in saying that on the stoch 8,8,3 indicator if it reachs over 80 it's overbrought and if it reachs sub 20 it is over sold?

or am I getting confused with the TDI?
  • #5,908
  • Jun 21, 2011 8:30am Jun 21, 2011 8:30am
Quoting ceebs
Hi The7

I think we are using different platforms but I dont have a confirmed cross (candle closed). Do you, or do you trade as soon as the cross happens, without the confirmation.
When the Tdi cross occured, the HA candles are already confirming that. Our differences are the broker times.
  • #5,909
  • Jun 21, 2011 8:32am Jun 21, 2011 8:32am
Quoting xp3000
Am i correct in saying that on the stoch 8,8,3 indicator if it reachs over 80 it's overbrought and if it reachs sub 20 it is over sold?

or am I getting confused with the TDI?

BigE only uses stoch for confirmation of direction with the TDI. For judging oversold or overbought he uses TDI. Stochs is useless above 80 and below 20.
  • #5,910
  • Jun 21, 2011 8:34am Jun 21, 2011 8:34am
Quoting netwatchpips
Interesting to see your chart with 4 red candles. Please refer my chart? Am i missing something?
Looks good to go for me! Weekly is down, daily is down, nice pullback on the 4 Hour, Fib number too

Control the risk, enter as per your trading plan, no one can forecast the market, let's see what happens
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OPPORTUNITY IS NOWHERE
  • #5,911
  • Jun 21, 2011 8:36am Jun 21, 2011 8:36am
Quoting The7
This is what I have. Not even near set up per the original rules.
Hi The7,

I am using the HA candles and TDI from Page 2 Post 25 of the forum. Could you please confirm if you are using any different.
  • #5,912
  • Jun 21, 2011 8:38am Jun 21, 2011 8:38am
Quoting xp3000
Am i correct in saying that on the stoch 8,8,3 indicator if it reachs over 80 it's overbrought and if it reachs sub 20 it is over sold?

or am I getting confused with the TDI?
Stoch in this method is just for direction confimation nothing more, it just should be pointed in the same direction of your proposed trade.

Keep in mind overbought does not autmatically mean sell and visa versa.

If you were strictly trading a stochastic method, you would wait for the stoch to go into overbought cross over and then come back out of overbought into neutral to sell. NOT on the stochastic cross. NOT simply because stochs have hit overbought.

The reason is once the stochs hit overbought the stochs can stay up in overbought, while price goes up and up and up. Overbought isn't really a barrier to buying.

If anything when stochs hit overbought is often when you will see price spike long the most.
  • #5,913
  • Jun 21, 2011 8:39am Jun 21, 2011 8:39am
Quoting The7
Long on G/U
There seems to be some difference between our charts, as I am short the GU
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  • #5,914
  • Jun 21, 2011 8:39am Jun 21, 2011 8:39am
I've just gone long on the AUD/USD @ 1.0583 think thats right lol..
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  • #5,915
  • Jun 21, 2011 8:40am Jun 21, 2011 8:40am
Quoting KumoDragon
Stoch in this method is just for direction confimation nothing more, it just should be pointed in the same direction of your proposed trade.

Keep in mind overbought does not autmatically mean sell and visa versa.

If you were strictly trading a stochastic method, you would wait for the stoch to go into overbought cross over and then come back out of overbought into neutral to sell. NOT on the stochastic cross.

The reason is once the stochs hit overbought the stochs can stay up in overbought, while price goes up and up and up. Overbought isn't...

Thanks for your post, very helpful
  • #5,916
  • Jun 21, 2011 8:48am Jun 21, 2011 8:48am
Quoting xp3000
I've just gone long on the AUD/USD @ 1.0583 think thats right lol..
What are your TDI settings?
And where are you trading from?
And are you demo or live?

My stoch is the same for AU, but my TDI doesn't have an upward cross, it's flat after a failed cross.
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  • #5,917
  • Jun 21, 2011 8:53am Jun 21, 2011 8:53am
Quoting KumoDragon
What are your TDI settings?
And where are you trading from?
And are you demo or live?

My stoch is the same for AU, but my TDI doesn't have an upward cross, it's flat after a failed cross.
I dont know, I've never changed any settings on the TDI, the settings I have for the TDI are:

Inputs
RSI_Period = 13
RSI_Price = 0
Volatility_Band = 34
RSI_Price_Line = 2
RSI_Price_Type = 0
Trade_Signal_Line = 7
Trade_Signal_Type = 0
  • #5,918
  • Jun 21, 2011 8:57am Jun 21, 2011 8:57am
Quoting xp3000
I dont know, I've never changed any settings on the TDI, the settings I have for the TDI are:

Inputs
RSI_Period = 13
RSI_Price = 0
Volatility_Band = 34
RSI_Price_Line = 2
RSI_Price_Type = 0
Trade_Signal_Line = 7
Trade_Signal_Type = 0
Ok, thanks I have the same. I got worried and thought maybe my tinkering with my chart set ups screwed up the settings.

Huh I wonder why we have two different TDI signals with the same settings?
  • #5,919
  • Jun 21, 2011 8:59am Jun 21, 2011 8:59am
now that's strange :/, I dont know if i should stay in or pull out of this trade now lol..
  • #5,920
  • Jun 21, 2011 9:01am Jun 21, 2011 9:01am
Quoting xp3000
now that's strange :/, I dont know if i should stay in or pull out of this trade now lol..
Don't listen to me, but I'm also long AU and staying in because of the USD news.

I can't imagine new housing sales went up. But, who knows, they'll probly fudge the numbers.
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