Trading Made Simple | Page 713 | 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

  • #14,241
  • Dec 22, 2011 6:59pm Dec 22, 2011 6:59pm
Quoting Percival
If anyone one is trading (live or demo) the TMS method with 1:50 leverage or more, could you please share your money management with me?

One standard lot is $100,000, $10 per pip. At 1:50 leverage that is a $2,000 margin per lot. With a stop above/under the swing high/low to the left of a signal bar, on a one hour chart, that could be a 25/50 pip stop loss ($250-$500) on $2,000 margin. That does not work with any money management I have ever heard of.

Even dropping down to a 5 minuet chart the stop (at 1:50) would be way over the standard...
Depends on the size of your account
  • #14,242
  • Dec 22, 2011 9:47pm Dec 22, 2011 9:47pm
Quoting Percival
If anyone one is trading (live or demo) the TMS method with 1:50 leverage or more, could you please share your money management with me?

One standard lot is $100,000

I know enough about trading to know I still have much to learn
1. Who says you have to trade 1 Standard Lot every trade?

2. Yes, you have to learn....

3. What you have to learn is POSITION SIZING

4. http://www.earnforex.com/position-size-calculator

Attached Image (click to enlarge)
Click to Enlarge Name: POS_SIZE.png Size: 73 KB
It takes a lot for me to IGNORE you, but you can try.
  • #14,243
  • Dec 23, 2011 6:20am Dec 23, 2011 6:20am
This method works and even to make it more positive, I use bolinger bands and SAR properties please see attached diagram

When the green line crosses the red line and the Parabolic SAR is at the bottom or top of the emerging candle usually a change in the trend or retracement, that candle is usually longer
In SAR TWo you see the green crossed the red with the Parabolic SAR above the emerging candle and it was long the true opposite for SAR ONE

Quoting eelfranz
Entries and exits...

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

[font=Comic Sans MS][size=3][color=#0000ff]Exit your trade when the green TDI line goes flat, starts to hook over or...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sar one.JPG Size: 196 KB
Click to Enlarge Name: SAR TWO.JPG Size: 227 KB
  • #14,244
  • Dec 23, 2011 8:13am Dec 23, 2011 8:13am
Quoting kingclarence
I was thinking that since everyone left this thread for x mans maybe us guys that trade the Tms using the daily charts should start our own thread so we can exchange info and what not.Who is down with this?
I think that would be a great idea. Working a 9-5 has made implementing this system difficult. I am in if you want to start a thread!

Cheers.
  • #14,245
  • Dec 23, 2011 10:54am Dec 23, 2011 10:54am
Merry Christmas to all and thanks eelfranz!
  • #14,246
  • Dec 23, 2011 11:43am Dec 23, 2011 11:43am
To eelfranz - i hope you are feeling well this holiday season and if not that you get better soon. Your starting this thread has been a godsend for many, many of us traders trying to navigate this perilous path. We are also thankful because of the spinoffs that your system has created. While there is nothing like the original, it is nice to have several options to consider.
Thanks - thanks - thanks eelfranz for your caring and sharing.
The merriest of christmas' to you and your family and a joyus, profitable and happy new year.
Tom
  • #14,247
  • Dec 23, 2011 12:38pm Dec 23, 2011 12:38pm
Merry Christmas Everyone!

and Thanks eelfranz for sharing your great system, its definitely been working for me!

Be well and have some great down time.

Blessings
  • #14,248
  • Dec 24, 2011 4:41am Dec 24, 2011 4:41am
my first post in FF is just to say big thank to big eelfranz... GBU.
  • #14,249
  • Dec 24, 2011 7:09pm Dec 24, 2011 7:09pm
Just a wish for your health and happiness in the coming year, praying you will reap the good labour of your love in sharing.
Monumental pips in 2012.
Peace!
Let it turn and find your entry.
  • #14,250
  • Dec 25, 2011 3:16am Dec 25, 2011 3:16am
I would like to send my best wishes to Eric and his family. I hope you are well.It truly is an amazing gift you have given so many people and continue to give. You have changed mine and my familys life and I'm sure many other peoples too. Thank you seems so little.

Merry Christmas

Jon
  • #14,251
  • Dec 26, 2011 7:58am Dec 26, 2011 7:58am
Been following this thread for sometime now and i can boldly say its a very profitable system. Thanks eelfranz you have really changed my life and you are my hero.
Franklin
PS:
Opening a new thread strictly for daily timeframe traders is a very good idea
  • #14,252
  • Dec 26, 2011 8:10am Dec 26, 2011 8:10am
Quoting smatthew
Just a picture showing my previous attempts at lower TF trading, as well as my current D1 trading.
http://www.forexfactory.com/attachme...4&d=1324595092
excuse me, what indicators do you use for the monthly trend in your mt4, i mean that sep, okt,nov,dec can you share with me? thanks
  • #14,253
  • Dec 26, 2011 5:12pm Dec 26, 2011 5:12pm
Quoting IaMa8oY
excuse me, what indicators do you use for the monthly trend in your mt4, i mean that sep, okt,nov,dec can you share with me? thanks
If you're referring to the blue bands: it's called Polynomial Regression Channel.
If you're referring to the X axis displaying the months, well that's just a standard charting feature in Ninjatrader, the tool I use. When zooming out the X axis displays calendar days.
I'd imagine MT4 works similarly but I've never worked with MT4.
Financial independence is what I live for
  • #14,254
  • Dec 27, 2011 9:21pm Dec 27, 2011 9:21pm
Quoting Star178
Please see chart.
Start,

can you post the time to candle close and spread indicators that you are using on this chart?
  • #14,255
  • Dec 27, 2011 9:59pm Dec 27, 2011 9:59pm
I hope everyone is enjoying the holidays!! I finally read this entire thread from the very first post Big E made. It took me about two weeks between work and all. Good luck to all in 2012 with TMS. I sure hope this makes my year different in regards to trading!
  • #14,256
  • Dec 28, 2011 1:33am Dec 28, 2011 1:33am
Quoting angelo5uk
Opening a new thread strictly for daily timeframe traders is a very good idea
I agree
  • #14,257
  • Dec 28, 2011 3:31am Dec 28, 2011 3:31am
Quoting msc400
I hope everyone is enjoying the holidays!! I finally read this entire thread from the very first post Big E made. It took me about two weeks between work and all. Good luck to all in 2012 with TMS. I sure hope this makes my year different in regards to trading!
Good job msc400!!! I am still on post 9, I want to read everything, it's going to take me some time...

did you found on the thread the indicators with the candle close and spread indicators available for download that some users are using?
  • #14,258
  • Dec 28, 2011 4:07am Dec 28, 2011 4:07am
Hi,

I have just made my second trade using TMS, is this a valid entry? what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 121 KB
  • #14,259
  • Dec 28, 2011 4:36am Dec 28, 2011 4:36am
Hi Migmac, it possibly is a valid entry, but off a very thin Christmas/ New Year base could end up being tricky.
  • #14,260
  • Dec 28, 2011 4:39am Dec 28, 2011 4:39am
A good idea is don't trade generally now, I think so. Market is very sluggish.
Greed and fear kills traders
348 traders viewing now, 1 is registered:
csethna