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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #8,261
  • Jul 16, 2011 1:58pm Jul 16, 2011 1:58pm
Evening all - spent and going to spend the rest of weekend back testing this system and so far so good. I don't want to post endless amounts of splat so this is a one off post of this nature. thanks to all constructive contributors especially big e - your help and advice has made me money this week. woohoo. - i have been trading forex on and off for a couple of years now but the big difference now is i can truly see that this can be a career and not a hobby. I will start to post charts of what i see soon (confidence allowing) but in the meantime the only constructive thing i can post is this - back test (all time frames) see how this MACHINE! functions and build your confidence in the system and trade with real money (micro) it really makes a difference, and stick to the rules - preserve capital, your job is to stay in the game - wishing all happy greens and thanks again for taking the time to help and advise - peace out wm
Sleeping boys catch no fish
  • #8,262
  • Jul 16, 2011 2:11pm Jul 16, 2011 2:11pm
Quoting dcginc
... [the] result always reveals our underlying intent. If you expect to lose, you will....

....That is ultimately where your mind must be. It will never be there until you convince yourself your trading system and plan will produce a profit most of the time.
[color=black][font=Verdana]Just like a trading system with a positive expectancy. You expect it to win, but know that occasionally it will not and that perhaps tweaks are required. Again, over time, [i]you...
We have Eelfranz's rules on Post #1. We should have this as Post #1.5 to ground us in the real work that needs to be done.

Thanks, dcginc.
  • #8,263
  • Jul 16, 2011 2:12pm Jul 16, 2011 2:12pm
Quoting eelfranz
Training Chart -
can you upload your integer indicator?
thanks
  • #8,264
  • Jul 16, 2011 2:16pm Jul 16, 2011 2:16pm
Quoting Elgrando
As for me, I had confidence in EU short because of confirmation from TDI divergence and set my TP from Head and Shoulders PA model - target around neckline. 75 pips TP hitted. Get well soon, BigE!
What is TDI divergence. Sorry but I cant remember.
  • #8,265
  • Jul 16, 2011 6:00pm Jul 16, 2011 6:00pm
Quoting Incrediblle
My recent trades

long on EU 600 pips
Short on AU 920 pips
Short on GU 524 pips
long on NZ 255 pips

laugh laugh laugh pips keep coming

keep it simple KISS

dont ask me screen shot i wont provide it
Would tell us what time frame you are trading on for these results? Would it be D1? Anyone else out there trading this method on D1? Thanks. jack
  • #8,266
  • Jul 16, 2011 6:21pm Jul 16, 2011 6:21pm
Quoting bez3000
Yes i do i only use the indicators as set out on page one the only difference is i wait for price to cross the 5ma before entering.
Do you wait for a candle to open, close or just cross the 5ma?
  • #8,267
  • Jul 16, 2011 6:33pm Jul 16, 2011 6:33pm
can anyone explain the subject ind, is it needed, diff between two colors in ind line
  • #8,268
  • Jul 16, 2011 9:40pm Jul 16, 2011 9:40pm
Quoting Danyjoe
can you upload your integer indicator?
thanks
go to the PAPERCLIP sure it has been upload many many times
It takes a lot for me to IGNORE you, but you can try.
  • #8,269
  • Jul 16, 2011 11:31pm Jul 16, 2011 11:31pm
Quoting dcginc
The crux of the philosophy is simply not t The statistics are based on the back testing results for what I have determined to be a valid set up...........calculated averages of stops, profit targets, winners, losers, etc., etc.,
Another cracker of a post, love readig your insights.

i have a question for you, how do you back test using ATR for stop and TP?

Cheers
  • #8,270
  • Jul 17, 2011 1:11am Jul 17, 2011 1:11am
Here is a very good sample of why not to take every TDI cross blindly. Between Dec 2009 and February 2010 we had 42 entry signals according the TDI which would resulted in mostly losses. Some would argue if we had taken only longs( following the trend) we could avoid the losses but then that's not what the original system is about...So always watch other factors before entering every cross..
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  • #8,271
  • Jul 17, 2011 1:52am Jul 17, 2011 1:52am
After a bit of reading I've got a question..

If I have understood correctly, dcginc you prefare to buy when the RSI is above 50 and sell when RSI is below 50. I have seen you incorporate this is the 15 min charts but do you use the same for the 1hr and 4 hr charts.

Thanks heaps

David
  • #8,272
  • Jul 17, 2011 2:41am Jul 17, 2011 2:41am
Quoting Porkpie
Great information here. This is why good traders can trade any profitable method and be profitable and bad traders can trade any profitable method and do terrible. Who would have thought this link between statistics and the self psychology of trading could be so vital to success. This is why most newbies fail because they cannot be bothered to do the research and there is little information on the subject. Avoid this information at your peril. Excellent post DC

PS: Forward testing is also very useful once you have the stats work underhand....
Porkpie, I have read alot of your posts especially in the Order Flow threads. Do you still use order flow trading? Would you consider it to be synonymous to the supply and demand techniques?
What is any ocean but a multitude of drops?
  • #8,273
  • Jul 17, 2011 2:49am Jul 17, 2011 2:49am
Quoting The7
Here is a very good sample of why not to take every TDI cross blindly. Between Dec 2009 and February 2010 we had 42 entry signals according the TDI which would resulted in mostly losses. Some would argue if we had taken only longs( following the trend) we could avoid the losses but then that's not what the original system is about...So always watch other factors before entering every cross..
Great advice from The7, but please explain how, other than blindly, you can take a trade if you do as suggested in post #1, that is, see a crossover, enter at start of candle, go to sleep?

Charts like that always make me think of the "training charts" posted, like #2 - no details on the chart, not even considered about the Time of Day, weather the crossover was at the right time, come on, 20/20 hindsight or what, no trend filter as suggested by The7 above.

http://www.forexfactory.com/showthre...77#post4569577

which reminds me, can someone please point out to me where Big E has walked thru a trade from start to finish?

I mean everyone is always saying what a great guy he and all, no problem with that, but for how and where he "taught" everybody to trade, but I'm not so sure.

I don't think if I started a thread and posted generic charts, and said just trade when this crosses that, they would call me a guru

only asking for 1 chart, so please show me that, and then you can blast away all you want, cause if there is no chart, then I won't be here much longer anyway
OPPORTUNITY IS NOWHERE
  • #8,274
  • Jul 17, 2011 3:29am Jul 17, 2011 3:29am
Hi everybody

first post with a big thanks to Big E and all the members who been contributing their hard earned experience and knowledge.
Its been a week im going through pages in here and applying the knowledge to my live trading and found it good so far wiv 3 scalps for 20+ each.
Still working on MYSELF to believe in the system.



Together WE Work And We Will be Triumph!!!!



Regards


Waseem
  • #8,275
  • Jul 17, 2011 3:39am Jul 17, 2011 3:39am
Quoting Callisto
only asking for 1 chart, so please show me that, and then you can blast away all you want, cause if there is no chart, then I won't be here much longer anyway
I agree, i havent seen a lot of complete trades from Big E, but that doesnt mean this system doesnt work. I also agree that trading with the trend is one of the biggest keys to success.

Big E has shown us away to trade, mainly the entries but thats ok because there are plenty of other traders here to show us other aspects of the system. One thing that gets repeated in this thread is the notion that we have been given a basic system and its up to the individual to tailor it to their style.

for me (and a few others here) i only need TMS entries and SL that E has provided, i can take it from there. I use a r:r ratio of 1:1 so i dont any one to show me the exits.

No need to leave the thread because you dont like the way the info has been presented, the info is good and there are others to fill in the gaps.

I hope you stick around, its really worth it.

just my 2 cents
  • #8,276
  • Jul 17, 2011 3:44am Jul 17, 2011 3:44am
Quoting Xhale12
Porkpie, I have read alot of your posts especially in the Order Flow threads. Do you still use order flow trading? Would you consider it to be synonymous to the supply and demand techniques?
Hi, yes absolutely I trade pure supply and demand which is following the order flow over multiple time frames, trading in the direction of least resistance, motion into mass etc. I don't trade TDI but saw DC's post so thought I'd chime in.
  • #8,277
  • Jul 17, 2011 5:32am Jul 17, 2011 5:32am
Quoting The7
Here is a very good sample of why not to take every TDI cross blindly. Between Dec 2009 and February 2010 we had 42 entry signals according the TDI which would resulted in mostly losses. Some would argue if we had taken only longs( following the trend) we could avoid the losses but then that's not what the original system is about...So always watch other factors before entering every cross..

not everybody who put 1line and 1 indi its a trader ,of course u need another thing to avoid the bad signal

1-rsi for long must be over 50 for short under 50
1-macd cros for buy or sell but me ust cros the 0 line up or down
1-sma 200

this 2 thing will help everybody on trade ,yes the system its simple whit tdi and sma 5 but many people lose money because they dont now to avoid the bad signal

when i said rsi i refer to the green line from tdi (the green line is rsi line)

cheers
  • #8,278
  • Jul 17, 2011 7:57am Jul 17, 2011 7:57am
Quoting cuddlebum
Do you wait for a candle to open, close or just cross the 5ma?
close
  • #8,279
  • Jul 17, 2011 9:00am Jul 17, 2011 9:00am
This method is suppose to be as simple as possible but I see a lot of emotions added into the trades .
  • #8,280
  • Jul 17, 2011 12:42pm Jul 17, 2011 12:42pm
Quoting Ibz
This method is suppose to be as simple as possible but I see a lot of emotions added into the trades .

True, and here we go again one more time, adding now MACD, new rules about TDI , insisting again about trend that is not Big E rule, etc, if people would like to learn this system they should try to concentrate on first pages. A nice PA aprouch is now being converted on a regular and common trend following system which by the way there are hundreds of them all over the internet
Indicators always obey Price, not the other way.
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