Trading Made Simple | Page 598 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #11,941
  • Edited 9:32pm Sep 24, 2011 9:14pm | Edited 9:32pm
Quoting Nynv
Favorite, first of all, thank you for being so dedicated to this thread. Since you've been trading this system since May, what are you opinions and comments regarding this system? What are the pros and cons? Have you been following E's exact rules? How many trades did you take? Most of your success are from 1H or 4H charts? Winning percentage? And finally, a personal question, how many percentage have you account grew since May? Sorry for bunch of questions.
Nynv, it is a very good system, but you have to refine it, you have to adapt it to your character, your needs, you trading style. I don't trade H4. I trade H-1, but I enter from M-5. I already explained how I do it here:
http://www.forexfactory.com/showthre...04#post4974604

And since I don't follow the Big E's exact rules, I'd prefer not to discuss my winning rate and percentage growth (both are very good) here, otherwise it would look like I'm promoting my own system here, and I'm not.

I never have more than two trades at the same time, and I trade not only TMS but also another system from the same account, so I'm very picky, I choose my trades very carefully. But I'd say that I usually take at least one TMS trade between London open and NY open.

Now about pros and cons of the system.

Pros:
If you follow the rules, you usually get good entries, the system is profitable and usually shows not only when to enter, but also when and where NOT to enter.

Cons:
1). The exit is up to you... If you set a take profit, you can get your 30-35 (like I do) or even 50 pips and then see that you could get two-three times more... If you don't set a take-profit and you exit when the green line becomes flat or hooked - in 15-30 minutes you can see that the green line changed and goes in your direction again... If you wait until the green line crosses the red line in the opposite direction - you can lose all your profits and then some...
2). The TDI-cross is usually initiated by a strong movement during the previous hour, so when we enter at the beginning of the hour we often get a pullback and this pullback can be pretty strong, sometimes 20+ pips. That's why I enter from M-5.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,942
  • Sep 24, 2011 9:46pm Sep 24, 2011 9:46pm
Quoting Favorite
Yes, that's why his/her demo account has 73.1% drawdown, that's why he/she started on June 3 with $10,000 and went down to $1,160 by July 15 (and after that deposited additional $8,800 to make it look nice)
If you are going to quote numbers, why not quote ALL the numbers instead of acting like a polictian, lawyer or more likely the used car salesman you sound like?

So again, the PURPOSE of using demo account is an EXERCISE to show TMS trades & entries, NOT to impress anybody with PAST performance.

You keep asking people not to clutter this thread but insist on posting drivel about me.

I can explain the account numbers quite easily; see if you can understand it this time, I'm sure many traders here have done the same.

a) Open demo account
b) Test a system, system has drawdown - no surprise!
c) Either open another demo or top up existing
d) Test another system / method of trading
e) Success, account was over $36,000 at one stage
f) Now using it for TMS trade, got drawdown

Absolutely there is no denying what you say above, account was drawdown and then topped up, but please look at these pictures and tell you viewing worshippers how the account went to $36,000 from the $18,000 ???

It was due to trading as shown. Have you ever posted a chart of a TMS trade? What exactly do you contribute to this thread?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DEMO_EQUITY.jpg Size: 58 KB
Click to Enlarge Name: DEMO_TRADES.jpg Size: 226 KB
OPPORTUNITY IS NOWHERE
  • #11,943
  • Sep 24, 2011 10:01pm Sep 24, 2011 10:01pm
Quoting Favorite
I trade only H-1 (with entering from M-5), so probably my opinion doesn't count.

But nevertheless: can you imagine the stop-loss for a monthly trade (or even a weekly trade) if you set it according to the Big E's rules?
Well, YES, I can !!

However, IF you adjust the POSITION SIZE to your RISK, then the loss would be no larger than any other time frame, I thought we all understand that concept by now.

It's not the size of the Stop Loss, it is the size of the Position that will make or break you.
OPPORTUNITY IS NOWHERE
  • #11,944
  • Sep 24, 2011 10:15pm Sep 24, 2011 10:15pm
Quoting Callisto
Well, YES, I can !!

However, IF you adjust the POSITION SIZE to your RISK, then the loss would be no larger than any other time frame, I thought we all understand that concept by now.

It's not the size of the Stop Loss, it is the size of the Position that will make or break you.
Yes, we all understand the concept here. That's exactly what I mean: if you want to risk 2% with 30 pips SL - it is one thing, if you want to risk the same 2% with 300 pips SL - it is another thing, you have to ajust your lot size and make it 10 times smaller. Why would anybody want to trade with a lot size 10 times smaller? H-1 trade can be over in several hours and with a normal size of a lot and 30 pips SL you can get the same (money-wise) profit as with a small lot and 300 pips SL - in several hours. But a weekly trade can last days and days, your exposure to the market is hundreds times more than with the hourly trade, who knows what happens in several days?

But there's another thing: when I trade H-1, I can decide: I keep only 2 trades at the same time, so with 2% risk per trade I risk no more than 4%. But you can't do it with the weekly/monthly trades, and in a little while you can have 10-12 trades 2% each and the total risk could be 20-24%.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,945
  • Sep 24, 2011 10:49pm Sep 24, 2011 10:49pm
Hi sailorman!!

just saw the latest posts and saw this. Not intrested much in looking for systems, causse i think i built the best for me.

check out my thread and the latest chart for descriptions.

Have I got something on my face, SOLDIER?
  • #11,946
  • Sep 24, 2011 11:31pm Sep 24, 2011 11:31pm
Quoting Callisto
And what exactly is it you are accusing me of selling? Explain again, I am just taking 1 Hour TMS trade signals, showing possible trades, that's what this thread is about
First you tried to "sell" your former system (that failed), now you're selling the "basket trading" which is completely different than Big E's system. And I'm not accusing you, I just telling what is obvious.


Quoting Callisto
Already explained, that was another system, another time, total failure, yes, you got me, but this is not about that, this is about now, in the present moment, let's see how TMS performs.
But you don't follow the TMS rules, you just mislead the new readers.


Quoting Callisto
You claim to have 35 winning TMS trades in a row, but show not 1 chart?
That's right, most of my trades are from M-5 and I don't show the trades that I entered from M-5, because it is not Big E's system and unlike you I respect the topic-starter. And I don't claim anything in THIS thread, what I say in another thread or another discussion - it is another thing.


Quoting Callisto
When faced with the facts, you resort to insults and abuse! Remember Rule #1

As a Forex Factory member, you are expected to treat others with respect and kindness. Mean-spiritedness, fighting, hostility, racism, offensive comments, and slander are all subject to removal. Healthy debate is welcome.
You and your twin brother Erebus keep insulting people for months. It is a two way street.

And you just don't understand a very important thing: maybe you trade only demo, but people who come here trade real money and when you post your so called "signals" some of new readers can lose money because of you. Yes, I understand, it is not your responsibility, everybody has to think for himself, but you sound very sure, so sure that some new readers can take the trade.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,947
  • Sep 24, 2011 11:37pm Sep 24, 2011 11:37pm
Quoting Callisto
My losing calls? Not mine, they are TMS 1 Hour chart signals, I have no emotional attachment to them, all I do is post the charts.

Again, not my signals, they are TMS signals, isn't that what is being discussing here?
That's a good one! That's the best one ever!

"It's not me, it's the system!"

Don't you understand, that any trade you took is your trade? Have you ever heard about filtering the signals? You just take any TDI-cross and call it a signal. It doesn't work this way! Big E explained exactly how to choose your trades, but you just don't care and mislead others.

Bye-bye.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,948
  • Sep 24, 2011 11:40pm Sep 24, 2011 11:40pm
Quoting Favorite
But a weekly trade can last days and days, your exposure to the market is hundreds times more than with the hourly trade, who knows what happens in several days?

But there's another thing: when I trade H-1, I can decide: I keep only 2 trades at the same time, so with 2% risk per trade I risk no more than 4%. But you can't do it with the weekly/monthly trades, and in a little while you can have 10-12 trades 2% each and the total risk could be 20-24%.
I thought you nearly it had until I read that statement, which I don't really get - exposure in dollars or exposure in time?

Other than that, let's agree that time frame has no relevance on trade risk, only the stop distance from entry varies the position size.

Shorter time frame will give more opportunity by more frequent signals is all.
OPPORTUNITY IS NOWHERE
  • #11,949
  • Sep 25, 2011 12:32am Sep 25, 2011 12:32am
Quoting Callisto
I thought you nearly it had until I read that statement, which I don't really get - exposure in dollars or exposure in time?

Other than that, let's agree that time frame has no relevance on trade risk, only the stop distance from entry varies the position size.

Shorter time frame will give more opportunity by more frequent signals is all.
Look.. why don't you both just take it to email.. ok.. leave it out of the thread.. enough already!
  • #11,950
  • Sep 25, 2011 12:44am Sep 25, 2011 12:44am
Quoting Favorite
First you tried to "sell" your former system (that failed), now you're selling the "basket trading" which is completely different than Big E's system. And I'm not accusing you, I just telling what is obvious.
Quite an exaggeration, IF there is any post where I am selling something, please report it out to the Moderators and they will ban me as forum rules; other than that, please face the fact that you are the only one making this ludrious claim, and that alone should tell you something.

Quoting Favorite
But you don't follow the TMS rules, you just mislead the new readers.
Perhaps you could post the clear and concise TMS rules and contribute something to this discussion as you seem to know everything about it.


Quoting Favorite
That's right, most of my trades are from M-5 and I don't show the trades that I entered from M-5, because it is not Big E's system and unlike you I respect the topic-starter. And I don't claim anything in THIS thread, what I say in another thread or another discussion - it is another thing.
So you you don't follow the TMS rules either? How does that qualify you to judge and jury over what anyone else percieves to be a correct TMS entry and trade according to their rules?

Quoting Favorite
And you just don't understand a very important thing: maybe you trade only demo, but people who come here trade real money and when you post your so called "signals" some of new readers can lose money because of you. Yes, I understand, it is not your responsibility, everybody has to think for himself, but you sound very sure, so sure that some new readers can take the trade.
Finally, something you got right and makes a lot of sense, congratulations!

And, I am not the only one posting trades, why are you singling me out? These other traders also "sound very sure"

Quoting dean
Yep nice trade.......they all look good in hindsight
Anyone who plans to show their trades once they are over.... how about posting them as soon as you enter as well as when they are done.
Quoting gspe
Hi guys,
i'm just starting learning this strategies on chart look nice let's see how is it live.

This my live entry for EJ setup seams correct let's see how the trade evolve
Quoting fufighter
I was just entered G/C on 4 hours ( just saw it) current + around 30-40 pips. Hope it make up to -40 loss this morning from G/A lol!
Quoting amiralifx
buy gbpusd h1

Attachment
OPPORTUNITY IS NOWHERE
  • #11,951
  • Sep 25, 2011 12:47am Sep 25, 2011 12:47am
Quoting PipTheTrade
Look.. why don't you both just take it to email.. ok.. leave it out of the thread.. enough already!
PipTheTrade, you quoted the wrong post here!

Callisto is talking business here. The timeframes suitable for TMS trading is a very importand question, so I'm going to discuss it with Callisto even if you mind!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,952
  • Sep 25, 2011 12:50am Sep 25, 2011 12:50am
Quoting Callisto
Quite an exaggeration, IF there is any post where I am selling something, please report it out to the Moderators and they will ban me as forum rules; other than that, please face the fact that you are the only one making this ludrious claim, and that alone should tell you something.



Perhaps you could post the clear and concise TMS rules and contribute something to this discussion as you seem to know everything about it.




So you you don't follow the TMS rules either? How does that qualify you to judge and jury over what...
I agree with PipTheTrade, we'd better take it to email!

PipTheTrade, I asked Callisto to take it to a special "blah blah blah" thread
http://www.forexfactory.com/showthre...314326&page=15

but Callisto didn't want!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,953
  • Sep 25, 2011 12:53am Sep 25, 2011 12:53am
Quoting Favorite
PipTheTrade, you quoted the wrong post here!

Callisto is talking business here. The timeframes suitable for TMS trading is a very importand question, so I'm going to discuss it with Callisto even if you mind!
Just so you know, I am going on week vacation and this is my last post ( for PipThe Trade) so if no reply, I'm not ignoring you, I am just not here

To be continued..........
OPPORTUNITY IS NOWHERE
  • #11,954
  • Sep 25, 2011 12:59am Sep 25, 2011 12:59am
Quoting Callisto
I thought you nearly it had until I read that statement, which I don't really get - exposure in dollars or exposure in time?
I mean exposure in time. If the trade lasts 2 weeks - it is a hundred times longer than 3 hours' trade.


Quoting Callisto
Other than that, let's agree that time frame has no relevance on trade risk, only the stop distance from entry varies the position size.
I don't want to sound like a politician, but I both agree and disagree. On one hand if we talk about one particular trade - it is true. On the other hand, as I said before, you can't regulate how many 2% trades you acumulate during let's say 2 weeks, so if I can have my hourly risk at 4%, I could face 20-24% risk with 10-12 long-lasting trades.

And what about the swaps? What about the weekend gaps? Even during this year I've seen 100-150 gaps.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,955
  • Sep 25, 2011 1:03am Sep 25, 2011 1:03am
Quoting Callisto
Just so you know, I am going on week vacation and this is my last post ( for PipThe Trade) so if no reply, I'm not ignoring you, I am just not here
You'll be missed!

Send me some post cards!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,956
  • Sep 25, 2011 2:12am Sep 25, 2011 2:12am
Quoting Favorite
PipTheTrade, you quoted the wrong post here!

Callisto is talking business here. The timeframes suitable for TMS trading is a very importand question, so I'm going to discuss it with Callisto even if you mind!
Whether I quoted the wrong post or not, is not the issue.. lol I was just hoping this would end. I come here to, hopefully, see peoples results with this system... not to sift through a bunch of posts of bickering... but.. whatever... it's not hard to just ignore them.. whatever.. have fun I guess.

I can see both of your points of view.. but really, don't you both think that there are better things to fight over than this?! Maybe not.. lol
  • #11,957
  • Sep 25, 2011 4:19am Sep 25, 2011 4:19am
It would be nice if the members posted stuff only relevant to the Trading Made Simple system. If they have their own systems they can always start their own threads.
  • #11,958
  • Sep 25, 2011 6:41am Sep 25, 2011 6:41am
Quoting demoreal
It would be nice if the members posted stuff only relevant to the Trading Made Simple system. If they have their own systems they can always start their own threads.
Totally agreed. I'm subscribed to this thread to see more info on TMS, and it's no fun digging through tons of non-related BS. Guys, Callisto and Favorite, will you please calm down? Thanks!
  • #11,959
  • Sep 25, 2011 7:56am Sep 25, 2011 7:56am
guys,

how many pairs I can use with this system ? 20 pairs more or less !

could you ""please"" list the pairs ""please""

cheers
  • #11,960
  • Sep 25, 2011 8:50am Sep 25, 2011 8:50am
Hi guys,

Long time no post here, but I keep an eye on this thread every day and use TMS on daily basis. However, it looks like last few pages are kind of Calisto-Favorite smacktalk.

Can we please stick to Big E's ideas? Thank you.

Hi Big E, hope you are doing well these days :-)


Plamen
Bah...
73 traders viewing now, 1 is registered:
FX Mil