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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #14,481
  • Jan 31, 2012 11:57am Jan 31, 2012 11:57am
Quoting j4d
Sarmatius,

I use TDI exclusively for 4hr trading, I can asure you it works very well...


Ja

That made me warm and fuzzy inside
The way Big E taught us for H4 entry and exits in the very first part of this thread?

PS
What about TDI accuracy on 1H, the same habits like H4, the Big E style, the genuine TMS?
  • #14,482
  • Jan 31, 2012 12:25pm Jan 31, 2012 12:25pm
Quoting sarmatius
That made me warm and fuzzy inside
The way Big E taught us for H4 entry and exits in the very first part of this thread?

PS
What about TDI accuracy on 1H, the same habits like H4, the Big E style, the genuine TMS?
Hi Sarmatius

I personally won't trade it on 1HR timeframe, too much noise/whipsaws for me, Before the s+it hit the fan in "08" trading was very different
on the 1hr timeframe, bullmarket etc....
But now its very different......

I have extensively backtested on the 4hr, I now trade it live on the 4hr
timeframe. I do however have my own set of rules..
Which makes it work for me, I do still use the general principle used by eelfranz though.

When he first set out explaining his Synergy stratergy, he wanted people
to adapt it to make it there own.
Take what he said as a starting point......

Ja.
Memories caught in time but never forgotten
  • #14,483
  • Jan 31, 2012 3:10pm Jan 31, 2012 3:10pm
Hi Ja and thanks for your ideas..

I'm personally trying to emulate and integrate as much as I can in my trading, the teachings of Big E(of course I still have a lot to improve in discipline department to not overtrade or "looks quite good enough" baddies), including:

Looking at PA (I have a lot to learn here)
Looking for S & R
Then look at perfect setup for TDI cross (including 32 Up, 68 Down ideal positions, at the beggining of 1st or 2nd candle H4)
With of course Stoch 8.3.3 confirmation
With 5EMA above or below the PA (short or long).

Right now I'm demoing and think im somewhere around 75% win rate(with enough mistakes IMO).


Thanks BiG E for all your teachings and we hope you're healthy, wealthy and well!
  • #14,484
  • Jan 31, 2012 4:33pm Jan 31, 2012 4:33pm
Quoting sarmatius
Hi Ja and thanks for your ideas..

I'm personally trying to emulate and integrate as much as I can in my trading, the teachings of Big E(of course I still have a lot to improve in discipline department to not overtrade or "looks quite good enough" baddies), including:

Looking at PA (I have a lot to learn here)
Looking for S & R
Then look at perfect setup for TDI cross (including 32 Up, 68 Down ideal positions, at the beggining of 1st or 2nd candle H4)
With of course Stoch 8.3.3 confirmation
With 5EMA above or below the PA (short or long).

Right...
Hi Sarmatius

You sound like your dedicated to your cause, that's great, I wish you
everything you deserve.

two things, that will propel you into positive equity, year in, year out.

Money management..... and discipline..........

In My 9 years of trading, the most important factors of trading are:

Learn your R-R rewards,... risk 1-reward 4-5-6-7 etc, low risk high reward
is a must if you want to stay ahead in this game (stay in the game).
It Makes those draw down weeks, so much easier....

Discipline....This one takes experience to control, a calm that can only be realised once you have experienced years of being knocked down....
If you get the MM first the discipline will be easier....

I wish you all the best in your quest........Ja
Memories caught in time but never forgotten
  • #14,485
  • Feb 1, 2012 1:57am Feb 1, 2012 1:57am
Quoting j4d
Hi Sarmatius

You sound like your dedicated to your cause, that's great, I wish you
everything you deserve.

two things, that will propel you into positive equity, year in, year out.

Money management..... and discipline..........

In My 9 years of trading, the most important factors of trading are:

Learn your R-R rewards,... risk 1-reward 4-5-6-7 etc, low risk high reward
is a must if you want to stay ahead in this game (stay in the game).
It Makes those draw down weeks, so much easier....

Discipline....This one takes experience to control,...
For what it's worth, I agree, money management is so important.

After I few years I was given a link to this site.

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

I think it's the best money management calc that I have seen on the net for free. Simple and quick way to position your trades based on % risk you are willing to take per trade. Just make sure you don't forget to set those stop loses otherwise...blink and your in the red.
  • #14,486
  • Feb 1, 2012 3:26am Feb 1, 2012 3:26am
Entered this trade, as far as I can tell it meets the entry rules. Please correct me if you think otherwise.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: New Bitmap Image.gif Size: 56 KB
  • #14,487
  • Feb 1, 2012 4:30am Feb 1, 2012 4:30am
Quoting jasonnevis
Entered this trade, as far as I can tell it meets the entry rules. Please correct me if you think otherwise.

Thanks
The setup looks quite nice on the first blue candle, also the PA looks like a pretty clear bullish engulfing pattern.The TDI cross at a neat 1 a'clock is also in the lower area, around 40% which is a healthy sign.
The last candle confirmed the new trend and pierced through resistance.
Veterans, correct me if I'm wrong.
  • #14,488
  • Feb 1, 2012 8:18am Feb 1, 2012 8:18am
Thank you very much Big E.

Whatever trading decisions I took in the past one year are shit.

After continous lossing days, I bagged 30 points in 1st trade using this system.
  • #14,489
  • Feb 1, 2012 8:20am Feb 1, 2012 8:20am
Quoting j4d
Sarmatius,

I use TDI exclusively for 4hr trading, I can asure you it works very well...


Ja
Also works for me without a hitch. Double check that you've set up the config correctly.
  • #14,490
  • Feb 1, 2012 8:23am Feb 1, 2012 8:23am
Quoting jasonnevis
Entered this trade, as far as I can tell it meets the entry rules. Please correct me if you think otherwise.

Thanks
Not a veteran but if you look at your buy line it is almost exactly where the major support/resistance area for the pair is. Look how many times it has bounced off that area...
  • #14,491
  • Feb 1, 2012 8:26am Feb 1, 2012 8:26am
Quoting j4d
I have extensively backtested on the 4hr, I now trade it live on the 4hr timeframe. I do however have my own set of rules..
Which makes it work for me, I do still use the general principle used by eelfranz though.
Hi Ja

Do you mind letting us know what your rules are? I don't want to pull people away from the core method but I'm always interested to know how people tweak the method.

Thanks

Pete
  • #14,492
  • Feb 1, 2012 10:00am Feb 1, 2012 10:00am
Quoting Asw
Drop the indicators in the expertsindicators folder and the templte in the templates folder.

then restart Metatrader, load a chart and the select the tdi remplate, just leave it, don't change tfs or it will refresh, you will get an alert as it happens.
i like dis..,but can u explain me abt its rules of entry & exit,TP,SL.

Also best to trade H4 or H1, M15?
  • #14,493
  • Feb 1, 2012 12:32pm Feb 1, 2012 12:32pm
Quoting TheMaxx
Hi Ja

Do you mind letting us know what your rules are? I don't want to pull people away from the core method but I'm always interested to know how people tweak the method.

Thanks

Pete


Hi Pete

In brief this is roughly how i trade, I will state however this is what suits me and is different from eelfranz methodology.
To explain the whole Methodolgy as well would take too long, so this is a
BRIEF version.
Primarily I am a swing trader normally on a 4 hr time frame, occasionally i will take a 1hr trade ( as in the example ) because i can see something setting up on the 4 hr Chart but i notice PA moving quickly, and it ties
in with my fundamental's too.

The nzdusd chart is a trade i'm in at the moment, criteria for entry would be.....
1. I only trade with the trend, i get my bias for the trend of a 4 hr chart.
I use 2 ma' s 60sma and a 60 lma, basically, when price is above/long
below/short. PA must be what i call in/sync.. and ma's need to be angled
in the direction of the trend.
2. Entry candle MUST have some volume to it, medium to large size
( means momentum is on the move ) and close over the 5 em.
3. Entry candle must have more than one reason to enter, look at the
Kiwi trade i'm in at the mo, PA is bouncing of 60 ma's and a third touch
( remember this one ) of a trend line. Also entry confirmed using the
synergy eelfranz methodology.
4. I trade with 1R risk. close half of my position at 1.5 R and trail the
other half using PA......

There's more, but then I would be rambling !

The one real key with all trading, IMHO is money management.
Know your trade expectancy as well, I know i'm right 65% of the time.
coupled with MM and compounding interest, MM is very powerful....

If you risk 1R but your reward is 5R's + you can be wrong a lot and still
make money,

Take good money management and discipline to most stratergy's that
you read here on FF and you will succeed.......

Ja.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 31 KB
Memories caught in time but never forgotten
  • #14,494
  • Feb 1, 2012 1:03pm Feb 1, 2012 1:03pm
Quoting jasonnevis
Entered this trade, as far as I can tell it meets the entry rules. Please correct me if you think otherwise.

Thanks
Your entry is a bit late though imo as I've missed commenting that.
  • #14,495
  • Feb 1, 2012 1:25pm Feb 1, 2012 1:25pm
Hi Ja.

Thank you for your coaching, thats interesting and yeah MM and discipline is key in this game.

I however think that another beauty of the TMS system is that it has some sort of in built MM.Its very noob friendly on this MM side in my opinion.It never lets you go deep into a loser position(considering you're watching the chart) because TDI will always signal you to get out(TDI green line flattens, hooks over or check mark reverses).
Now if you're disciplined and apply all BiG E rules the 65 to 80% win rate should comfortably put you in a zone of at least 1:3 risk reward ratio.
Just my two cents.
  • #14,496
  • Feb 1, 2012 2:11pm Feb 1, 2012 2:11pm
Quoting sarmatius
Hi Ja.

Thank you for your coaching, thats interesting and yeah MM and discipline is key in this game.

I however think that another beauty of the TMS system is that it has some sort of in built MM.Its very noob friendly on this MM side in my opinion.It never lets you go deep into a loser position(considering you're watching the chart) because TDI will always signal you to get out(TDI green line flattens, hooks over or check mark reverses).
Now if you're disciplined and apply all BiG E rules the 65 to 80% win rate should comfortably put you in...
Hi Sarmatius

You talk a lot of sense....

You sound like you understand the mechanics of the eelfranz system...

eelfranz earns his money with his methodology,
I earn my money trading what feels comfortable to me. I used to use
candle's for my charting and did so for years, I now use heikin ashi bars as they suit my personality better and i get a slightly higher win % using eelfranz type of entry methodology.

If the eelfranz method feels good to you then excellent , you can now fine tune your emotions and gain experiance in trading how you like trading..

Happy trading...........Ja
Memories caught in time but never forgotten
  • #14,497
  • Feb 1, 2012 2:31pm Feb 1, 2012 2:31pm
Quoting sarmatius
Hi Ja.

Thank you for your coaching, thats interesting and yeah MM and discipline is key in this game.

I however think that another beauty of the TMS system is that it has some sort of in built MM.Its very noob friendly on this MM side in my opinion.It never lets you go deep into a loser position(considering you're watching the chart) because TDI will always signal you to get out (TDI green line flattens, hooks over or check mark reverses).
Now if you're disciplined and apply all BiG E rules the 65 to 80% win rate should comfortably...
WOW, really? Believe me, if you are sitting around waiting for an indicator telling you when to get out, you have already lost.

Seriously, sit down and THINK about that, how quick do you think you could get out on something like those Bank of Japan intervention candles, or Swiss Bank, or the next world crisis?

There is only ONE thing you can control in trading Forex, the size of your loss, this is done by making a calculation BEFORE even placing the trade, and actually using the STOP LOSS, that is DISCIPLINE that you need.

Please let me know if you do not agree with any of that!

It takes a lot for me to IGNORE you, but you can try.
  • #14,498
  • Feb 1, 2012 3:09pm Feb 1, 2012 3:09pm
Quoting sarmatius
Your entry is a bit late though imo as I've missed commenting that.
Where would you have entered and why?
  • #14,499
  • Feb 1, 2012 9:32pm Feb 1, 2012 9:32pm
Quoting Erebus
WOW, really? Believe me, if you are sitting around waiting for an indicator telling you when to get out, you have already lost.

Seriously, sit down and THINK about that, how quick do you think you could get out on something like those Bank of Japan intervention candles, or Swiss Bank, or the next world crisis?

There is only ONE thing you can control in trading Forex, the size of your loss, this is done by making a calculation BEFORE even placing the trade, and actually using the STOP LOSS, that is [b]DISCIPLINE...
If you are suggesting an alternative approach to the BigE TMS you should say so, otherwise people new to the thread will be confused. As stated by eelfranz at the start:

Post #6
Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

Post #53
I hate S/l trading. The safest way is to place your S/L at the last hi or low a couple of candles back... I've never had one taken out that way...
  • #14,500
  • Feb 2, 2012 6:16am Feb 2, 2012 6:16am
Quoting j4d
The nzdusd chart is a trade i'm in at the moment, criteria for entry would be.....
1. I only trade with the trend, i get my bias for the trend of a 4 hr chart.
I use 2 ma' s 60sma and a 60 lma, basically, when price is above/long
below/short. PA must be what i call in/sync.. and ma's need to be angled
in the direction of the trend.
2. Entry candle MUST have some volume to it, medium to large size
( means momentum is on the move ) and close over the 5 em.
3. Entry candle must have more than one reason to enter, look at the...
Thank you very much Ja! I also look for volume and a close over the 5ema exactly like you do. It's interesting that you look for further confirmation using the 60sma and 60lma. I'll add that to my demo trading and see how it works out for me. Thanks again!
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