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Trading Made Simple

  • #15,181
  • Jul 18, 2012 9:06am Jul 18, 2012 9:06am
Is/was this a valid entry point, red dotted line? (I know that is was Fed speach comming up as well as the trade hour was outside the specified by this system).
Hmm... why did I enter?...
Ignoring that would you have taking this trade, to buy USD/CAD?
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  • #15,182
  • Jul 18, 2012 6:43pm Jul 18, 2012 6:43pm
easy, i would not have taken a long trade with the MBL and RSI below 50; just my rules, i'm looking for short trades.
  • #15,183
  • Jul 19, 2012 12:18pm Jul 19, 2012 12:18pm
Hi guys,

I tried this entry but seems it didn't work.
EUR/USD H4 sell.
I stepped in at 1.22419.
Clearly at that point of time, HA was red, TD green was going below the red line. And stoch was pointing down.

Is this the correct entry? Or did I break any rules?

http://imageshack.us/photo/my-images/36/entry.gif/http://desmond.imageshack.us/Himg36/...if&res=landing

Cheers
  • #15,184
  • Jul 19, 2012 1:18pm Jul 19, 2012 1:18pm
Hey everyone I think this system is pretty cool. I do allot of scalping on 5 min charts but I Was looking for something on a higher time frame.......One thing I noticed is that this TDI indicator is nothing more than a MACD with different settings. When I applied the TDI to my charts I noticed a striking similarity to the MACD that I use for scalping as you can see in the pic. Of course MACD does not have all those extra lines in but appears you do not need these anyway , or at least I do not use them.

Is there something to this TDI indicator that I am missing or has anyone else noticed this to ??( I apologize if this was mentioned in the thread somewhere already , no time to read the whole thing )
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"Greed is good,greed is right,greed works"
  • #15,185
  • Jul 20, 2012 8:54am Jul 20, 2012 8:54am
Quoting Gekko78
Hey everyone I think this system is pretty cool. I do allot of scalping on 5 min charts but I Was looking for something on wihigher time frame.......One thing I noticed is that this TDI indicator is nothing more than a MACD with different settings. When I applied the TDI to my charts I noticed a striking similarity to the MACD that I use for scalping as you can see in the pic. Of course MACD does not have all those extra lines in but appears you do not need these anyway , or at least I do not use them.

Is there something to this TDI indicator...
Can't answear your question, I have read the whole tread, but I cant remember that the TDI vs MACD observation has been done.

However observation that TDI can be replaced by CCI as well as RSI has been made.
  • #15,186
  • Jul 20, 2012 9:17am Jul 20, 2012 9:17am
Quoting vleex5
Hi guys,

I tried this entry but seems it didn't work.
EUR/USD H4 sell.
I stepped in at 1.22419.
Clearly at that point of time, HA was red, TD green was going below the red line. And stoch was pointing down.

Is this the correct entry? Or did I break any rules?

http://imageshack.us/photo/my-images/36/entry.gif/http://desmond.imageshack.us/Himg36/...if&res=landing

Cheers
According to my understanding the rule you break it was BigE called basic forex knowledge. You enter into a strong support area, see to the left on your chart, price action has previouse used your entry level both as support and resistent.

TDI + Stochastic+ Price action "candle" + enter on first or second candle all looks ok.
  • #15,187
  • Jul 20, 2012 4:46pm Jul 20, 2012 4:46pm
Quoting Gekko78

Is there something to this TDI indicator that I am missing or has anyone else noticed this to ??( I apologize if this was mentioned in the thread somewhere already , no time to read the whole thing )
http://www.compassfx.com/video/flash/50508/50508.html
It takes a lot for me to IGNORE you, but you can try.
  • #15,188
  • Jul 21, 2012 4:44pm Jul 21, 2012 4:44pm
Quoting Gekko78
Hey everyone I think this system is pretty cool. I do allot of scalping on 5 min charts but I Was looking for something on a higher time frame.......One thing I noticed is that this TDI indicator is nothing more than a MACD with different settings. When I applied the TDI to my charts I noticed a striking similarity to the MACD that I use for scalping as you can see in the pic. Of course MACD does not have all those extra lines in but appears you do not need these anyway , or at least I do not use them.

Is there something to this TDI indicator...
Yes MACD does behave similar but it does not have the same extreme boundaries as TDI, meaning TDI fluctuates between 0-100. You can use a two line MACD and see similarities. However the basis for TDI is RSI. It's built on that indicator. If you review dean Malones free videos about it you'll have a better understanding. The other lines do play a role and can help you filter better trades.
  • #15,189
  • Jul 23, 2012 12:17pm Jul 23, 2012 12:17pm
Quoting snarlyjack
Thunderwolf,

The settings I use are:

5 EMA shift +3 typical price (hlc/3)

Between the Ema and the TDI on the 4 hour chart in my opinion
this system is nailing it.

When using this system on the lower charts (1, 5m, 15m in my
opinion it's not nailing it as much).

Using the 1h, 4h, and daily it seems to be very accurate. I've
learned a whole new way of trading! Who would have known...

Hope this helps.

snarlyjack
Hi SnarlyJack,

For HA Stochastics calculation - is it with typical, close, open,...of HA?

I am also assuming the EMA, Stochastics calculation is based of 4H HA and not 4H Candlestick?

Another Clarification: London session (starts 3 am est or midnite pst). From EELFRANZ's experience London session provides better trading. He looks at 4H HA at 10 pm, 2 am and 6 am pst. The 4H HA candles do not align with the London open at midnite (pst). Should the 4H HA be left or 4H HA be adjusted so that the 4H open aligns with the London session open at midnite? In other words should the 4H HA be 8 pm, midnite, 4 am pst or 10 pm, 2 am, 6 am pst.

Either you or EELFRANZ can clarify so I am sure we are in sync with the set up.

Thanks, Sam

EELFRANZ - wonderful going thru' the posts and methodology.
  • #15,190
  • Jul 24, 2012 5:08am Jul 24, 2012 5:08am
Hello friends, I'm new in that pages, I'm 52 years old. Please, send me informations, where I made a mistake, because all entries gone in negative
EUR USD
EUR JPY
USD CHF
GBP JPY

Regards, Dan
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  • #15,191
  • Jul 24, 2012 5:17pm Jul 24, 2012 5:17pm
Dan welcome to TMS, from my very limited experience, I would say only the timing was not as I would trade, I only enter in the NYLON (London-New York session) 6am to 6pm GMT, also after a big run yesterday you might expect some consolidation. Good luck with your trading and keep posting your progress.
  • #15,192
  • Jul 24, 2012 5:55pm Jul 24, 2012 5:55pm
Hi All,
I have been reading and try trading with this TMS method by Eelfranc, still long way to go, coz' I just read till Page52. Really impressive method without too much thinking.
I will read on and will try to post some of my trades here later, for our own learning...

Thanks Eelfranc for sharing this metod for free!!! And to all for making this thread goes on..
  • #15,193
  • Jul 25, 2012 3:31am Jul 25, 2012 3:31am
Aidan, really thank you very much for your correct comment, I really use your information,

regards, Dan
  • #15,194
  • Jul 25, 2012 7:26am Jul 25, 2012 7:26am
Hi all, dont want to put a downer on the thread but I've traded this system on and off for over 3 years. I followed craig harris which a thread was set up here on forex factory, which later turned into this thread. I've had some amazing months with the system, but overall you will lose money.

Its not consistant, and when looking back at the charts everything looks great, but trading it real time is usually a different story. There are months where you can make great money, and you tend to over excite yourself and get over confident and then ofcourse disaster happens. The main problems are that the the tdi moves in real time. There will be trades which show a strong tdi angle at the beginning of the candle, but hours later the candle may retrace and the tdi is still showing strong angle unless you update the chart. You can't spot these by looking in the past. If like big e says, exit when tdi goes flat or hooks over, your in and out and generally picking up little moves in profit or loss. Also you'll notice that some of the huge moves in the past, it looks like you could of rode the tdi all the way to the bottom. But in reality at some point during those big moves, momentum would of slowed down and tdi would of gone flat or even hooked over, meaning you would of exited. A few candles later another large move begins in the same direction which 'bends' tdi back in place.

Its a great looking system on the outset, and you can make money with it. But its not consistant enough. If any new comers are coming here, heres my warning to save yourself the time, I know its not what you want to hear! and I've tried every angle at it, adding various indicators/rules/strategys to filter out the losers. I still believe it could work with something extra but Im yet to find it. This is the reason all the old timers have gone, some of made their own threads with their own methods added to the system, but its not trading made simple anymore!
  • #15,195
  • Jul 25, 2012 7:44am Jul 25, 2012 7:44am
Quoting chewz
Hi all, dont want to put a downer on the thread but I've traded this system on and off for over 3 years. I followed craig harris which a thread was set up here on forex factory, which later turned into this thread. I've had some amazing months with the system, but overall you will lose money.
but its not trading made simple anymore!
i think you have lot experience , have you find something you use now for trade ? , i mean most of the time you believe, dont mind for share
  • #15,196
  • Jul 25, 2012 7:53am Jul 25, 2012 7:53am
Quoting chewz
Hi all, dont want to put a downer on the thread but I've traded this system on and off for over 3 years. I followed craig harris which a thread was set up here on forex factory, which later turned into this thread. I've had some amazing months with the system, but overall you will lose money.

Its not consistant, and when looking back at the charts everything looks great, but trading it real time is usually a different story. There are months where you can make great money, and you tend to over excite yourself and get over confident and then...
Chewz,

One thing that I think you forgot to mention in your post is that this method is no consistent FOR YOU. Just because it does not work for you does not mean it does not work. In fact , your statement is one of the reasons why it does work. If it worked 100% of the time , all the time then everyone would trade it therefore eliminating its success. But because people are skeptical when they read a post like yours some will move on to something else keeping the system in tact for the rest of us.

Now that being said I do not trade the exact way it was described here....I have changed it a bit by using stops and a few other minor things but fundamentally it is the same.

The problem I experienced in the beginning was that I was a day trader and a scalper . My mindset was used to looking at 5 min charts . Going from 5 min to 1 hr and 4 hr charts was REALLY hard for me. I had to change my mindset in order to see success.

Often times that is really the cause of systems not working. Basically the system works more often than it doesn't and for me that is all the edge I need.

All indicators give false signals that is why it is up to the trader to see if the PA looks good. Nowhere in this thread did I ever see anyone say " When green crosses red enter trade no questions asked" They said when it happens look at PA and see if it looks good. If it does then go ahead using your own rules as far as SL and TP. Big E has different psychology then the rest of us and your is different from mine.

Im sorry it did not work for you but I am still a believer
"Greed is good,greed is right,greed works"
  • #15,197
  • Jul 25, 2012 8:00am Jul 25, 2012 8:00am
I trade using supply and demand levels, google sam seiden he has plenty of free videos. Its not easy to grasp to begin with, but its exactly how the markets work. Theres a few decent threads on forex factory to do with it, rockys thread is one of them. It uses no indicators, but you need to spend time grasping the concept. I'm also a member of a trading community which Im not evens sure I can mention here, and you have to pay to enter. Something revolutionary is being designed there (and im sure you've heard that term being used in plenty of 'systems'), but so far it seems the real deal although its still in its early stages. Its also based on supply and demand, if you want to know more you can pm me, thanks
  • #15,198
  • Jul 25, 2012 8:09am Jul 25, 2012 8:09am
Quoting chewz
I trade using supply and demand levels, google sam seiden he has plenty of free videos. Its not easy to grasp to begin with, but its exactly how the markets work. Theres a few decent threads on forex factory to do with it, rockys thread is one of them. It uses no indicators, but you need to spend time grasping the concept. I'm also a member of a trading community which Im not evens sure I can mention here, and you have to pay to enter. Something revolutionary is being designed there (and im sure you've heard that term being used in plenty of 'systems'),...
we have here , WMD (deadly accuracy) supply demand trader , dont need to pay , lot of sample there http://www.forexfactory.com/showthread.php?t=206723 i still use moving average tool for show me exit point.
  • #15,199
  • Edited 8:27am Jul 25, 2012 8:16am | Edited 8:27am
gekko as I said, it did work for me, for months on end but I've got four years with it under my belt, how long have you been trading it?. Im happy it does work for you, but a year down the line, see if you feel the same!. And have you shared your findings with everyone? or just lurked, I havent read through its recent pages. And 'keeping the system in tact for the rest of us'?, do you honestly believe that if x amount of retail traders following a working system from a thread on forex factory will make a single difference to the markets? lol.
  • #15,200
  • Jul 25, 2012 9:28am Jul 25, 2012 9:28am
Quoting chewz
gekko as I said, it did work for me, for months on end but I've got four years with it under my belt, how long have you been trading it?. Im happy it does work for you, but a year down the line, see if you feel the same!. And have you shared your findings with everyone? or just lurked, I havent read through its recent pages. And 'keeping the system in tact for the rest of us'?, do you honestly believe that if x amount of retail traders following a working system from a thread on forex factory will make a single difference to the markets? lol.
Im happy it does work for you, but a year down the line, see if you feel the same!. I have been trading it long enough to know it works for me. So I don't need to justify myself by showing my trades. And have you shared your findings with everyone? or just lurked, Why does that matter ? What is the difference if I post charts or not that does not change anything. Just so you know this system is on Many other Forex websites not just FF. I actually found it on another website about a year and a half ago so do not think FF is the be all end all of websites because it is not.

do you honestly believe that if x amount of retail traders following a working system from a thread on forex factory will make a single difference to the markets?Yes it will make a difference, not right away , be eventually ......Look at the turtle trading method ....worked great when it was a secret , then once the info slowly leaked out about how it worked everyone started using it and eventually it failed...... Not right away but it happened.
"Greed is good,greed is right,greed works"
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