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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

  • #7,601
  • Edited 9:35am Jul 9, 2011 9:10am | Edited 9:35am
Quoting Erebus
Of course, there are exceptions to every rule, for instance, you would miss the best trade of the week in the EUR-USD (July 4 to July 9)

Trends must end at some point, and you must acknowledge that this method is picking price turning points no matter which way you look at it.

Trend up until previous Friday was definitely UP, according to rules, the trade signal on Monday would be ignored?

PS - can only post 1 chart, seems a limit on noobs

PPS - 4 Hour chart added later

I think you are right, besides as far as I know, to follow the major trend is not a Big E rule, neither It is a basic Forex rule as many say, maybe It is part of trend following systems which by the way this system It is not, this system is much more like a price action system, this is why angles are so important because a good angle is nothing more that a rejection of the price from some support, resistance or a break of some chanel, formig an engulfing pattenr or a hammer, or any other price action patern, the merit of this system as I see it is that makes you trade as a price action trader using only few indicators. Also major trends are very subjective, who says which is the righ trend? 4 hour charts? Daily charts?Weekly charts, Monthly charts?
Trend following systems are not so bad but 90% of the systems belong to this kind of systems.
I am a price action trader, but this system got my simpathy as It made me remember long ago, when I started to leave trend following systems behind and I started to follow the price, in that precise moment and using only 4 hours charts I became a profitable trader.
Regards
Indicators always obey Price, not the other way.
  • #7,602
  • Jul 9, 2011 10:22am Jul 9, 2011 10:22am
Quoting ssaqeel
Great Encouraging Post, Thanks buddy, this is all we want ,some guidance,some encouragement.

This is why you guys are professionals.

Thanks again
Whoa, I'm not a professional Trader yet, but I will be! One reason I have stuck with it is the encouragement I've found here so I'm glad I can reflect it back a little.

"I'm a great believer in luck, and I find the harder I work the more I have of it." -Thomas Jefferson
Luck occurs when preparation meets with opportunity.
  • #7,603
  • Jul 9, 2011 10:29am Jul 9, 2011 10:29am
Quoting dcginc
My goal in this thread is to attempt to enlighten traders to the reality of professional trading and many of the techniques required for consistency in the market.
Great post
  • #7,604
  • Jul 9, 2011 10:47am Jul 9, 2011 10:47am
Quoting dcginc
It is often said that 95% of traders lose money. It is because they avoid the work required to make money.
So many good things in your post! As you say we have all heard this. But it also tells us that 5% do make money. Are the 5% just luckier than the 95%? What is their secret? You just gave away the secret, but it's a secret 95% will refuse to accept. So glad to have you in the forum!
Luck occurs when preparation meets with opportunity.
  • #7,605
  • Jul 9, 2011 11:10am Jul 9, 2011 11:10am
Is that possible? Yes.

Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies...

I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a lot of good that 19 years of education is doing.

I said this is BS and went on to other systems. I switched to Demo trading for several years while studying old charts. What made them tick? Every method had quite a few rules, indicators...on & on.

I finally got fed up with them all... remembering the thoughts years before of "I can do this". Then why was I getting my butt kicked on a regular basis... so frustrating.

I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking at my simple chart it just shouted out what I needed to do and developed a method that is 70-80%+ wins for me on a regular basis. It took over 2 years to develop this method. I worked hard... late nights and weekends to. I was so hungry for success.

I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step.

I post a lot of training charts to drive it into your brains what to look for and how easy it can be... Just open your eyes, brain and pay attention and you'll be making pips soon...

You'll learn down the road that most of the stuff you have learned in the past is crap. I did. The list of rules in most methods will keep most dizzy... never building confidence... without confidence in your entries and exits you have nothing worth while.

We have a group of great traders who have been trading this method for 6-8 months already who will help you jumping in to answer your questions too.

I am very protectful of all our members. We don't have a stressful thread... no name calling allowed. I'll delete anyone who starts any problems. If you have a problem PM me and don't post it. If your not happy... please move on quietly. I'd do the same for you. You want Stress Free learning... come join us...

Really can't understand something... PM me your phone number and best time to call and I'll clear it up for you looking at an FXDD Demo chart so we are looking at the same chart.

You will need a MT4 platform to use our progam.

The key to this method is the Traders Dynamic Index indicator for entries and exits. I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.

We only use Heiken Ashi candles... that's important.

We want you to be an active member asking questions, posting charts and making observations when possible.

Start trading a Demo account until you build your confidence and only then consider switching to a live account...

Disregard template posted below and see updates... Read the complete thread BEFORE ASKING QUESTIONS... YOU WON'T BE SORRY

See post #25 on page 2 for indicators...

Latest update: PAGE 11, Post # 156... thanks Cliff
Another update by Numb3rs - 4/29 - Pg 48, post 713
Attached Files
#1 best 5 ma tdi.tpl (2.3 KB, 6448 views)


wow its a nice experienced man..continue of what you are doing..im proud of you..

good that u didnt stop learning forex...just like me i became lazy after when i felt that my money starts to lose. but i realized if i stop means im a looser.im still a newbie im still on my class session.and its worth it.
  • #7,606
  • Jul 9, 2011 11:21am Jul 9, 2011 11:21am
Quoting Erebus
Of course, there are exceptions to every rule, for instance, you would miss the best trade of the week in the EUR-USD (July 4 to July 9)

Trends must end at some point, and you must acknowledge that this method is picking price turning points no matter which way you look at it.

Trend up until previous Friday was definitely UP, according to rules, the trade signal on Monday would be ignored?

PS - can only post 1 chart, seems a limit on noobs

PPS - 4 Hour chart added later
In fact I take the daily trend into account but I do not use this rule as hard and fast as the others. It depends on the other basic forex stuff - are we at S/R, is there momentum, etc.

In this case if you zoom out on your daily chart you will see that this is the third touch of a resistance trend line that is pretty well-defined. To me this confirms the H4 short signal on 7/4 and overrides the daily trending rule. If pa reverses and breaks through the trendline and my SL gets hit then the daily trend won out and I should have obeyed the rule! Also, the break might have made a good trade, but that's not TMS.

I don't want to clutter up TMS by talking about trendlines, but to me this is a well-defined SR line that I consider it basic 4x stuff.
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Luck occurs when preparation meets with opportunity.
  • #7,607
  • Jul 9, 2011 11:32am Jul 9, 2011 11:32am
So many good things in your post! As you say we have all heard this. But it also tells us that 5% do make money. Are the 5% just luckier than the 95%? What is their secret? You just gave away the secret, but it's a secret 95% will refuse to accept. So glad to have you in the forum!

yeah you are right since he already gave the strategy why not to broadcast here to work on it with other traders..
  • #7,608
  • Edited 12:20pm Jul 9, 2011 12:02pm | Edited 12:20pm
Quoting AlienFrog
In fact I take the daily trend into account but I do not use this rule as hard and fast as the others. It depends on the other basic forex stuff - are we at S/R, is there momentum, etc.

In this case if you zoom out on your daily chart you will see that this is the third touch of a resistance trend line that is pretty well-defined. To me this confirms the H4 short signal on 7/4 and overrides the daily trending rule. If pa reverses and breaks through the trendline and my SL gets hit then the daily trend won out and I should have obeyed the rule!...
Yes, and this is why the signal you received was to sell not to buy, It was a strong rejection of a trendline, in price action most technicals and fundamentals are considered already absorved by the price movement. This is why I consider this system very good because at least for me, It is based on price action even though most people are not aware of this, but who cares, as long as they use it and earn money.
Regards
Indicators always obey Price, not the other way.
  • #7,609
  • Jul 9, 2011 12:24pm Jul 9, 2011 12:24pm
[quote=eelfranz;4749084]I would not have entered this trade above... consolidation and poor angles (12-2...4-6) is best.

Quoting pipiness
Thanks Eelfranz. I'm glad the decision not to enter the trade was a good one based on what I was seeing on my screen.

However, some people said they saw lots of air between the red and the green on their screen, hence I posted a pic of my screen to see if there is a problem with my indicator, because I'm now concerned my indicator may not be working properly....
Looking back at last week, you were the only one to spot the best EUR-USD trade, only to be shot down by over analysis and other bad advice.

And did you really look at the chart posted by Big E in answer to your red / green line question? Go back to post 6980 and check the date on that chart, not sure how that was relevant to your query Please get back to me on this!

Only way to catch the big moves with this method, enter every signal by the rules, with proper MM, position sizing, get out for small loss and ride the moves for all they are worth, maybe even add on once they are going the right way.

Once you start using subjectivity, things like, is it with the trend, than you miss the good ones. Price movement sufficient to trigger a trend-type signal (such as TDI cross) is a feature of all large market moves. However it's not a predictor of such a move.

Said another way… all large market moves have an TDI cross, but not all TDI crosses lead to a large market move.
It takes a lot for me to IGNORE you, but you can try.
  • #7,610
  • Jul 9, 2011 12:44pm Jul 9, 2011 12:44pm
Keep in mind folks. Price does not go in the certain direction just because there is a TDI cross, but the TDI cross occures because price goes in a certain direction.
  • #7,611
  • Jul 9, 2011 12:54pm Jul 9, 2011 12:54pm
Quoting AlienFrog
In fact I take the daily trend into account but I do not use this rule as hard and fast as the others. It depends on the other basic forex stuff - are we at S/R, is there momentum, etc.

In this case if you zoom out on your daily chart you will see that this is the third touch of a resistance trend line that is pretty well-defined. To me this confirms the H4 short signal on 7/4 and overrides the daily trending rule. If pa reverses and breaks through the trendline and my SL gets hit then the daily trend won out and I should have obeyed the rule!...
Excellent reply & great chart, thanks. I think things are setting up for the start of something huge, a lot of indecision with the EURO right now, needs to be resolved one way or the other
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It takes a lot for me to IGNORE you, but you can try.
  • #7,612
  • Jul 9, 2011 1:38pm Jul 9, 2011 1:38pm
WHEN TO EXIT -----------------

OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.

However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally.

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  • #7,613
  • Jul 9, 2011 1:57pm Jul 9, 2011 1:57pm
See replys in red

Quoting vbmark
Questions



Do you trade all 4 hr candle posts throughout the day or just the one at night and in the morning? I trade mostly London signals.

Are you using something like 2 * ATR? Never mind, I found your answer here http://www.forexfactory.com/showthre...92#post4756692 I think getting something like a 100 pip drawdown when I wake up for my 4am candle would make me very sad.
Welcome to the big leagues.[color=black][font=Verdana]...
  • #7,614
  • Jul 9, 2011 2:00pm Jul 9, 2011 2:00pm
Sorry for the previous post. I do not know the tricks and commands for all this posting stuff.

Do you trade all 4 hr candle posts throughout the day or just the one at night and in the morning? I trade mostly London signals.

Are you using something like 2 * ATR? Never mind, I found your answer here http://www.forexfactory.com/showthre...92#post4756692 I think getting something like a 100 pip drawdown when I wake up for my 4am candle would make me very sad. Welcome to the big leagues.If you can't stomach a 100 pip drawdown, which can easily happen on a 4 Hr chart, don't expect big profits. Backtest your system to know exactly what the average drawdown is so you expect it. If it makes you sad, then you are far from ready to trade real money. I am constantly amazed at people that budget to lose when going to Vegas, but can't stomach a drawdown in the market. My record drawdown without closing a trade was 600 + pips for a eventual profit or 1100+ pips on a weekly chart.

How many pips are you talking about here?
Weekly average between 500-700.

Can you please share what hours you like and don't like?
Low Volume in Asia, so I don't trade it. Best signals in London. Scalp London and New York. I think the author mentioned this as well. London for the most part.

Do you do any higher/low time frame confirmation?
Yes.
------------------------------
I hope you don't mind all the questions dcginc
Thank you for your great posts!
  • #7,615
  • Jul 9, 2011 2:05pm Jul 9, 2011 2:05pm
Quoting eelfranz
WHEN TO EXIT -----------------

OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.
[FONT=Comic...
I think if you had even followed this using the flats as the indicators to bail out, you could still have easily done bounce trades to still profit on this movement. You would have only been out a small portion of the profit in the spread... (I think) I'm a total newb so... fwiw.... I marked up your chart and re-attached to indicate what I mean visually...
Attached Image
  • #7,616
  • Jul 9, 2011 2:12pm Jul 9, 2011 2:12pm
Just to make sure, for myself. Is that the green line going flat at the current candle or wait until the TDI line on the previous candle shows flat?

The reason why I ask is that, some times the TDI line goes flat but then reverses to the upside to close in an upward slope.

Thanks again for an fantastic trading system.

Quoting eelfranz
WHEN TO EXIT -----------------

OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.
[FONT=Comic...
  • #7,617
  • Jul 9, 2011 2:30pm Jul 9, 2011 2:30pm
Quoting dcginc
My record drawdown without closing a trade was 600 + pips for a eventual profit or 1100+ pips on a weekly chart.
Thank you very much for taking the time to answer my questions. I know I"m not ready to go live, that's why I'm asking questions. I've been demoing for just over a month now.

With a 600 + pip drawdown it seems like maybe you are not using a stop loss at all.

I keep seeing two schools of thought on trades going against you. One is to just let them stop out and move on, the other is to let the market come back around.

I guess in this case you did the later?
  • #7,618
  • Jul 9, 2011 2:33pm Jul 9, 2011 2:33pm
Hi Eelfranz, this question is for you. although if anyone else knows something for certain please contribute also. I have not been trading long but in the short time I have been, I have lost money on a system that didn't work and I have read that even if systems do work they do not continue to work permanently. my question is this: Is there any reason that this system might not continue to work? what happens if too many traders get onto it. Not likely in such a huge market but who knows?
  • #7,619
  • Jul 9, 2011 2:45pm Jul 9, 2011 2:45pm
Quote
With a 600 + pip drawdown it seems like maybe you are not using a stop loss at all.

I keep seeing two schools of thought on trades going against you. One is to just let them stop out and move on, the other is to let the market come back around.

I guess in this case you did the later?

I followed my rules. It happens that on a 4 Hr chart, Daily Chart and weekly chart, the swings can be great, but they are not disproportionate when comparing to other time frames.

My stop was 2 ATR, which happened to be just over 800 pips.
  • #7,620
  • Jul 9, 2011 2:47pm Jul 9, 2011 2:47pm
Quoting dcginc
I followed my rules. It happens that on a 4 Hr chart, Daily Chart and weekly chart, the swings can be great, but they are not disproportionate when comparing to other time frames.

My stop was 2 ATR, which happened to be just over 800 pips.
Wow, cool. You are giving me courage

Thanks again for the info.
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