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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

  • #9,061
  • Jul 30, 2011 11:06pm Jul 30, 2011 11:06pm
Quoting momoshiro
i have question about this system?

1. when is the right time for trade with this trading system?

2. what TF should i use for the best result with the right time on the question no.1?

http://www.forexfactory.com/showpost.php?p=4666121

All your answers are in this compilation of Big E's notes...
  • #9,062
  • Jul 30, 2011 11:33pm Jul 30, 2011 11:33pm
Quoting Fitness09
So are you using them as S/r lines?
They are good areas for S/R yes.....they can help you assess an entry, and combined with the tdi hooking over or flattening, they are good areas to exit trades.. Have a look on any pair on say the one hour and four hour chart and look in particular at the big round numbers ..they are magnets for price....as in 1.6000 etc etc.
This is only my take on it, but I know bigE gives a lot of creedence to round numbers as do many others. ITs one of those things that you need to be comfortable with what YOU like to use as S/R, but it certainly wouldnt hurt to make it an addition to your method of defining SR levels.....honestly just click on a chart and take a look for yourself. Zoomed out it stands out like dogs balls (or maybe yours after you have slammed them in the door )
  • #9,063
  • Jul 31, 2011 4:53am Jul 31, 2011 4:53am
Quoting Fitness09
Lesson learned. I do not have any robots that take over my trades after I place them. Is it something worth looking in to, and if so, which ones? Thanks for the responses.
Hi ...

Ultimately it's up to you whether you decide to use a money management ea or not ... personally for me I think it helps, and I'm making use of Multi Purpose Trade Manager, which can be found here http://www.forexfactory.com/showthread.php?t=89371 and has a heap of options. Another slightly similar one is THV cave manager, but I found MPTM suits me better.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #9,064
  • Jul 31, 2011 5:47am Jul 31, 2011 5:47am
@jusiur, I can not PM you because I'm a junior member so have to contact you this way!

I would love to get my hands on your TDI for Jforex!

Best regards
Ove




Quoting jusiur
Since I trade with Dukascopy, want to share to anyone who are interested in TDI for JForex (java). PM me, donīt want to disturb this thread.
Credit and thanks to tojoetuga in some Dukas forum.
  • #9,065
  • Jul 31, 2011 9:15am Jul 31, 2011 9:15am
Quoting miamivice
Identify the trend with moving averages, verify with stochastics and then if tdi matches up take trade?
I do it the other way around - if there isn't a tdi cross first then I move to another pair. If there is a cross then I do more analyzing, trend,TP & SL potential, big numbers, S/R etc (not necessarliy in that order.)
  • #9,066
  • Jul 31, 2011 9:47am Jul 31, 2011 9:47am
Hi traders,
first of all thanks TO Big'E for sharing this wonderful TMS system. I am new to FX and was trying to find something simple and easy as for beginner and in my opinion TMS system does its job pretty well! Just registered on this page so i think ill have many questions to ask you guys, but now i am reading all posts from 1st page Just one question for beginning: what is the difference between London and Pacific time?
Have a good upcoming week
  • #9,067
  • Jul 31, 2011 10:47am Jul 31, 2011 10:47am
Quoting buyorsell
Hi traders,
Just one question for beginning: what is the difference between London and Pacific time?
Have a good upcoming week

http://www.forexmarkethours.com/GMT_hours/02/
  • #9,068
  • Jul 31, 2011 11:18am Jul 31, 2011 11:18am
Good morning all.
What's considered enough money? Just a little bit more. (c) Will Rogers

I have added the yellow MA to my TDI but most of the time the green is crossing red on the wrong side of the yellow telling me to stay out and then the PA goes in direction that cross indicated. In other words it is keeping me out of good trades. I am wondering if I have the correct settings for yellow MA. Does anyone know the correct settings or can you refer me to the post where this is given? THanks for any help.
  • #9,069
  • Jul 31, 2011 11:28am Jul 31, 2011 11:28am
Quoting miamivice
Identify the trend with moving averages, verify with stochastics and then if tdi matches up take trade?
How do you use MA's exactly to identify the trend? Thanks
  • #9,070
  • Jul 31, 2011 11:58am Jul 31, 2011 11:58am
Quoting tommyd
http://www.forexmarkethours.com/GMT_hours/02/
Thank you
  • #9,071
  • Jul 31, 2011 5:20pm Jul 31, 2011 5:20pm
It looks like the 6 cci on the Red green TDI is a scalpers dream. I just took a quick 7 pips on U/J....a secondary trade. The 6 CCI bent before the green. It wasn't a cross...just a little bend...hardly a retrace even. The 6 CCI dropped over the 32 and the price started to fall. The 32 line was the trigger. The key is that the 6 CCI moved a lot and indicated the direction before the green. It sure looks like a preindicator to what the green will do.

Check it out. Let me know what you find.

Quoting XxLessoxX
Ill check it out again thanks.
  • #9,072
  • Jul 31, 2011 5:39pm Jul 31, 2011 5:39pm
Quoting FX-Trader
http://www.forexfactory.com/showpost.php?p=4666121

All your answers are in this compilation of Big E's notes...
thanks FX-Trader, it's answer my question..
  • #9,073
  • Aug 1, 2011 12:15am Aug 1, 2011 12:15am
Quoting FX-Trader
Instead you can use http://www.forexfactory.com/attachme...2&d=1305379722

this summary is a doc from otiose. It's 48 pages of Big E's comments only, frm the original thread. Read it over 2x and you'll be well informed.

thanks Otiose - this was extremely helpful and I've been following the thread since Jan.
I'm new here - and in reading over this thread, the record of Big E's comments in the compilation by Otiose (above) seems to be from the original forum, before Big E (and co.) started this one. I point this out because there are many more aspects of using the 5 method in that synopsis. It seems that this current thread (TMS) the guidance by Big E and his helpers is kept much more simple, without so many fine-tuning sorts of subtleties. Can someone verify what I'm saying here? Thanks!
  • #9,074
  • Aug 1, 2011 3:22am Aug 1, 2011 3:22am
Great post by Bill over on the old thread - thought I'd share it here as some may have missed it:

Quoting Bill
I have noticed over the years as one who trades for a living that when someone like Eelfranz comes up with a working system it often gets tainted. The primary reason for this is newbies who don't understand that no system is profitable 100% of the time and when they lose on a trade they immediately think that it is the system's fault and that it needs to be tweaked a bit because in a particular set of circumstances it did not work. Of course since no system is 100% these "improvements" need to be improved upon and the stupidity perpetuates itself...
Full post:

I have noticed over the years as one who trades for a living that when someone like Eelfranz comes up with a working system it often gets tainted. The primary reason for this is newbies who don't understand that no system is profitable 100% of the time and when they lose on a trade they immediately think that it is the system's fault and that it needs to be tweaked a bit because in a particular set of circumstances it did not work. Of course since no system is 100% these "improvements" need to be improved upon and the stupidity perpetuates itself to where the original system that worked 80% of the time has been updated to an unrecognizable thing that doesn't work at all. All indicators are lagging and the addition of more accomplishes nothing except to reinforce your preconceived notions of where the market should be heading. Currency trading, especially in these crazy times does not rely on history but the followers of this thread would do well to check out history and return to the original system Eric established and accept the losses that come with any system, study money management, and quit trying to reinvent the wheel. End of sermon.
  • #9,075
  • Aug 1, 2011 3:57am Aug 1, 2011 3:57am
Quoting 2scoops
Great post by Bill over on the old thread - thought I'd share it here as some may have missed it:



Full post:

I have noticed over the years as one who trades for a living that when someone like Eelfranz comes up with a working system it often gets tainted. The primary reason for this is newbies who don't understand that no system is profitable 100% of the time and when they lose on a trade they immediately think that it is the system's fault and that it needs to be tweaked a bit because in a particular set of circumstances it did not work....
Just on that note scoops I was going to post it but reading your post made me think twice. I will PM it you you if you like.
Its a new indicator. It gives you an indication of how many indicators are indicating at any one time. ITs called an indicator indication indicator.
So if you have the inclination to use this indication indicator let me know and I will send it to you
Good to see you back
  • #9,076
  • Aug 1, 2011 4:09am Aug 1, 2011 4:09am
Hi cugir321,

May you please post screen shot for scalping template?
  • #9,077
  • Aug 1, 2011 4:54am Aug 1, 2011 4:54am
Quoting dean
Just on that note scoops I was going to post it but reading your post made me think twice. I will PM it you you if you like.
Its a new indicator. It gives you an indication of how many indicators are indicating at any one time. ITs called an indicator indication indicator.
So if you have the inclination to use this indication indicator let me know and I will send it to you
Good to see you back


Is it a GEM?
  • #9,078
  • Aug 1, 2011 4:55am Aug 1, 2011 4:55am
Quoting 2scoops


Is it a GEM?
an absolute diamond mate.
  • #9,079
  • Aug 1, 2011 5:07am Aug 1, 2011 5:07am
Greetings all,

CAD/CHF, U/CHF/ GB/CHF going south, and performing in gem like fashion at the moment.

Good trading folk's.
'Fail to plan, plan to fail'
  • #9,080
  • Aug 1, 2011 5:24am Aug 1, 2011 5:24am
Quoting Fitness09
Drifter, do you use the yellow line for trades?

Yes i do
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