Trading Made Simple

Where do you set initial SL......how do you trail it once the trade moves in your direction ( is it BE and leave) ...and if the trade goes against you when do you pull the plug..( on a hook back or a crossover)


thanks

My SL will be on the high swing or low swing according to Big E rules.
I dont use trailing stop for any of my trades.
As the candle forms you can move SL to 1 candle below or above depending the direction you going.
if it hooks or crossover ill close the trade for whatever i have

I love the aussies

Hi everybody,
I would like to introduce myself and try to explain my Forex strategy in order to discuss about it with people who got more experience.
I’m using the trade made simple method since 4-6 months in demo on the 1hr time frame on majors [EURUSD, GBPUSD …] with quite good result. (by the way thanks to all the people that help on this thread).
All my trade has a target of 15 pips and the SL takes as the last High or Low with standard entries as describe by ELFranz.
I’ll soon start in real with an initial deposit of 500 euros (I’m from France).
On each trade I’ll try to reach between 1/2% of gain. Which represent more or less 5/10 euros at the begining and will growth as my in order to stay at those percentage level.
My daily maximum profit is fixed between 6/8%, and my daily maximum loss to 5% which mean that if I reach those daily level I’ll stop for the current day.
On demo I reach the maximum profit 2 days on 3 [8%], and so the max loss 1 day on 3 [-5%].
Those statistical results can make me plan that in one month I would achieve the objective of more or less 1000euros what is the double of my beginning amout.

If anybody want to discuss about it don’t hesitate to PV me.
Thanks for all people who’ll take the time to read this post and answer to it.

Hello and good day to you. My name is lazy lobster and I thought I would give you my two cents on your strategy. It seems like you are paying a lot of attention to possible profits and losses. I agree that this is good for money management, and if that is the point of your discussion; that's a good thing. But it seems like you are trying to create expectation on what you are going to get from the market. From my own experience it is healthy to dream of great wins etc (this is not sarcasm) as that is what keeps us motivated. But do not listen to any expectations or goals when it comes to actual trading. This gives rise to negative emotions if things don't pan out well. Try not to put a dollar amount on what you will earn or try to earn. As for your ideas on maximum losses and profits, maximum losses are a good idea, but not maximum profits. Why try to cap good potential? If you are losing, by all means stop. I used to go by a rule of three. If I lose three deals in a day, I stop trading. These days I try to do my best to cherry pick my trades and not overtrade. Also you might check into the idea of correlating pairs. Most folks including Big E, doesn't seem to pay it any mind. If you don't know what a correlating pair is, look at the profiles of the Eur/USA and the GBP/USA. they will look similar, not only because they share the USD, but also becuse the news affects them similarly. What I am getting to is that if you trade both simultaneously, its like doubling up on the same trade. If one goes well chances are they both do. If one goes bad, well, the losses are bad just as the good ones are good if you get my meaning. Anyway, What ever you do, when you go live, trade with one micro for at least a week. Emotions inevitably run high when real money is on the line and even with this little bit it should have the same affect. When you decide to up the trade amount, my advice is to increase your lots size to only 2% of account balance. That means you take your 500 and multiply by .02 = 10. Divide the 10.00 by your stoploss say 40 pips = 0.25 That means you trade two micros per deal. This also means that you are only risking two percent on any one trade. Then the account goes up, so do your lots traded. I usually do the math at the beginning of my trade week. This is how I believe most successful traders deal with their risk as they won't care if two percent of their account is on the line. There are other strategies as well. If you are in a winning streak, you can increase your lots on the next trade by one if you lose one you go back to "normal lots" this helps with increasing your winnings and decreasing your losings if you tend to run on streaks. It might also help to talk about win risk reward ratio - If you look at your stop loss as 40 pips and your take profit at closes support or resistance at 80 pips... Thats a win loss of 2 to 1. Good trade. If your take profit is 30. Don't trade. Always have close or over 1 to 1 ratio. Anyway. Those are the things I thought you might want to think about. Sorry if it seems a little basic, but those are the things I am looking at much of the time when I think of money management and risk. Diversify your risk. Take it easy and good luck trading.

Hi everybody,
I would like to create or join an existing team in order to trade this "Trading Made Simple" method in order to trade in London and NY session.
This team could exchange information in live and talk about the different opportunities.
I'm french and I talk english so we could talk in different language for those who have problem with english.
This team will have for goal to improve the level of each partipant and improve the level of trading of each others....
Every body is welcom to join this team.

I've been trading this for a couple months now on 4h timeframe exactly from london to first couple hours of ny session. Just as BIG E did.
I would like to be part of this team. IS this going to be skype based, IRC, or what?

ITs so much more confident entering when others see the same trades forming on this method.

Been testing out this method on Forex Tester - the new update actually has TDI (hooray) and....it's good

What is key for me in my observations are the quality of the crossover bar - you can pretty much enter without even looking at the TDI once you are looking at the rightthings and how the following bar opens - if there's a nice gap there away from the 5, chances are it will run. For myself I've added a simple 42 period average to the 4 hour chart (10080/240 = 42) which is a nice little filter, although I'm not averse to taking counter trades when things are right.

I've traded the method live this week for small stakes and has been good - mainly break-evens and a couple of wins.

Stop loss I've been employing is a multiple of 4HR average range.
Trades are not allowed to run to stop, unless I'm unlucky and it occurs within 1 bar. Stops are not trailed. TDI is used as a reason to exit and/or price bars moving back towards the 5 - if they bounce back out you can always take the bounce trade.

Now back to reading the thread - i'm only on page 171.

hey guys

Today at the open of the london session i went long but the market was very indecisive so i broke even.
Went short at the open of the new york session and scored me a nice 40 pips.
Just 2 trades a day thats all you guys need.

Back testing is vital in order to get in your zone which will allow you to get the markets momentum

Imagine you trade this method only and master it then you start trading this baby at 1 standard lot.
Just with that 2 trades a day you can make 50 to 100 pips a day thats $500 to $1 000 a day.
$10 000 to $20 000 a month
The possibilities are UNLIMITED

If i ask a question, the reply would be that i should go back and read all the thread, but seriously i have read this trade page by page, up till this page. And have gotten many different ideas from different persons.I know the thread owner intended that this system should be very simple.
I need a good trader to simply post.
1. Basic Buy Rules
2. Basic Sell Rules
3. Basic Indicators And Template (So our chart doesnt look like a color battle ground for indicators)

** Newbies Please Stay Off Let the TDI Gurus/Professionals Teach Us

Grats, X-Man!

Which pair did you trade? Off the H1 or the H4?

I am still hanging on to my C/J of 11/23. Up 23 pips so far.

If you read my posts i have mentioned that i will be discussing the simple and original TDI method that Big E showed us .
I will be trading E/U on the 1H TF.
2 Trades a day
1 at the open of london session and the other at the open of the new york session.
By trading at these 2 times you will be saved from a lot of other fake outs on the 1H TF.

its a very very simple trading system.
The SL is around 30 to 50 pips mostly.

Thank you for responding to my question instead of telling me to go read the thread. My apologies for making you repeat yourself.

You have indeed been very kind and helpful to me and many others here. I hope you don't think your efforts go unappreciated. Thanks again.

Forexidiot we are the TMS team we have to work together to take on this market
If we fight each other then the market will take us down.
In forex theres no such thing as a trading secrets etc that you will have to hide it away from fellow traders for it to be profitable.
In fact the more you share the more it will work better because everyone will be looking for the same signals.

[quote=X-Man;5164147]hey guys

Today at the open of the london session i went long but the market was very indecisive so i broke even.
Went short at the open of the new york session and scored me a nice 40 pips.
Just 2 trades a day thats all you guys need.

XMan did you have a TDI Cross at the NY open,...I didnt. not til 1hr later

I agree with you, x-man is a very educated, and decent person who is always looking to help anyone who ask for it, instead of just insulting people who have doubts.

Regards

This is how my chart looks when i trade the 1H TF on E/U
I only use the synergy bars and TDI with the 4 EMA shift 2.

Well i dont know if you want my TMS rules coz i aint no guru im just a simple trader that makes my pips

the chart i posted now shows you the the red vertical lines.
The first vertical is the london opening and the second vertical is the new york opening.
When I open my charts in the morning I add those 2 vertical lines.
The candle formations and the TDI signals that occur just on that red line or JUST after, thats the direction ill trade.
Any signal before the vertical lines i wont take, as you can see that just befor the NY session there was a bounce on TDI. if you went long your SL wouldve been hit.

Your question is whether there was a cross on my TDI at the new york session. look at the chart and notice the candle with the arrow on top. when that candle formed there was a cross for me.
Look at that candles close, it went below the open just at the new york session so as soon as it closed i went short on the open of the first candle.

Now how did i know this, if you look at the vertical line thats marked 2 days ago you will see the same thing happened which i caught the mometum of the first candle.
Thats why back testing manually and observing the formation of the candle is very important to build your edge. This is how i got my edge and gets the momentum. I wont always be right coz i can never predict PA but you can get an idea through your back testing.
Big E has always metioned that he studies old charts its because for the same reason.
Hope this was helpful

this is the chart that relates to my previous post

Well, I for one have printed your TMS Rules because since going live on 11/14 I have lost 6.5% of my acct. But Monday I loaded the SHI channel (from Sonic's thread) plus the channels for the TDI and although today isn't a good trading day in the US and during the US session I did grab some pips going short the A/$. So maybe it is starting to sink in. I will only trade the 3 amigos on the 1H during US hours starting with the overlap.

Many thanks for yours and many others postings. p.