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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #15,401
  • Jan 10, 2013 1:06pm Jan 10, 2013 1:06pm
Quoting mnmnmmnnmnmn
Hi Chace,

I am very jealous that you guys are able to trade London session. Here in western canada, we have the worst spot ever with a full time job during the day. Everything happened after i go to bed and before i get up. I am very mad, but haven't got any solution to that yet

Maybe i should move to somewhere else.
haha that is unlucky man,

about the market baseline would you say it is definitely worth trading away from? I try to take the signals that are right near the overbought/oversold areas (I haven't put the market baseline on my chart)
  • #15,402
  • Edited 2:14pm Jan 10, 2013 1:25pm | Edited 2:14pm
Quoting mnmnmmnnmnmn
i don't really know man where are all those people are at now to be honest. Trading this system requires lots patience cuz most of the trades are based on 4HR chart. Good and Bad. For guys like me who has a day time job, this isn't a bad system at all. But if your eyeballs are on the chart every single minute, you may go somewhere else and find a short term scalping system.

I just feel bored at work here, hahaha. Looking at the number of my posts, I am very new to the system as well. But i have been experiencing it for a while. And, this is not...
could you share that with me, the other system you use? and how do you get this system mentioned in this thread? have to buy it from somewhere?
  • #15,403
  • Jan 10, 2013 3:01pm Jan 10, 2013 3:01pm
Better stay focused on this TMS, the simpler the better. Lots people who just started trading would like to combine all kinds of indicators together in one screen and think it 'll be probly a good one. But it's not. Again, the simpler the better. Strictly follow the rules, and put them into practice you will fine it's more than enough already.
Whatever is happening right now has happened before and will happen again.
  • #15,404
  • Jan 10, 2013 3:02pm Jan 10, 2013 3:02pm
And please go back and start reading from the thread 1. You will learn a lot by looking at questions that others have asked.
Whatever is happening right now has happened before and will happen again.
  • #15,405
  • Jan 10, 2013 3:03pm Jan 10, 2013 3:03pm
And I am sorry, I am not sharing anything that is not related to the TMS method just to be respectful here.
Whatever is happening right now has happened before and will happen again.
  • #15,406
  • Jan 10, 2013 3:40pm Jan 10, 2013 3:40pm
Quoting mnmnmmnnmnmn
Hi Chace,

I am very jealous that you guys are able to trade London session. Here in western canada, we have the worst spot ever with a full time job during the day. Everything happened after i go to bed and before i get up. I am very mad, but haven't got any solution to that yet

Maybe i should move to somewhere else.
Can you trade the New York open, or start a half-hour before? The 30 minute chart works well then. Although moving to someplace that doesn't have winter sounds good too.
My favorite crochet hook is size J. It's a J-Hook!
  • #15,407
  • Jan 10, 2013 3:48pm Jan 10, 2013 3:48pm
Quoting littlebunny
Can you trade the New York open, or start a half-hour before? The 30 minute chart works well then. Although moving to someplace that doesn't have winter sounds good too.
I am living in mountain area which is two hour behind the east. That means i will have to wake up at least two hour earlier for the news like NFP.

London opens at 01:00am, so i don't wanna stay up late either since I have a full time job. But sometimes when i have large positions open carrying over night, I only put in 4 hour sleep at most. Damn, i hate my life.
Whatever is happening right now has happened before and will happen again.
  • #15,408
  • Jan 10, 2013 3:50pm Jan 10, 2013 3:50pm
Now you see why i prefer this method which is based on 1 HR or 4 HR frame. I have more time to sleep ... ... wawoo ... i just cashed in on E/J. What a good run right before close !
Whatever is happening right now has happened before and will happen again.
  • #15,409
  • Jan 11, 2013 3:03am Jan 11, 2013 3:03am
Hi Mr mmmmmmm. how are u.?
i am a fan of this method i have read all posts.this is one of the best methods that i seen.but i don,t know where is the creater of this room Mr elfranz . I hope he be health.

Mr mmmmmmm i have a question of u beacuse u are posting most others. your chart is different of me . the indic that u use is more than basic of this method,s indicators. Hf u attach them here thanks alot of u dear and if u say a little about the entry short / Longs ( The Law,s of enter ).

thanks alot of u cherry

Best Regards
Behroz
  • #15,410
  • Jan 11, 2013 5:19am Jan 11, 2013 5:19am
Hi Guys. I think this is a good signals for us.

Best Regards
Attached Image (click to enlarge)
Click to Enlarge Name: nzd usd h1 & h4.gif Size: 20 KB
  • #15,411
  • Jan 11, 2013 5:21am Jan 11, 2013 5:21am
Gbp / Jpy H1 Short Signal
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy h1.gif Size: 18 KB
  • #15,412
  • Jan 11, 2013 1:12pm Jan 11, 2013 1:12pm
Hi there, i don't see you have MBL in your tdi. It isn't offered by the starter of the thread. But if you search Malone's method, and you 'll find the attached TDI with the yellow line. In the main chart, 5EMA shift 3, HLC is used. Hope this is what you are looking for.
Attached File(s)
File Type: mq4 Traders Dynamic Iindex.mq4   9 KB | 665 downloads
File Type: tpl tms.tpl   2 KB | 594 downloads
Whatever is happening right now has happened before and will happen again.
  • #15,413
  • Jan 11, 2013 1:14pm Jan 11, 2013 1:14pm
Quoting behrozfx
Hi Guys. I think this is a good signals for us.

Best Regards
Nice Job on NZD short! Behrozfx.
Whatever is happening right now has happened before and will happen again.
  • #15,414
  • Jan 11, 2013 1:21pm Jan 11, 2013 1:21pm
Quoting behrozfx
Gbp / Jpy H1 Short Signal
But for the GJ pair short. YES, looks like the rules were followed. But there's something that you should bear in mind that we should always follow the big trend.

For example, now with japanese government is printing money way faster the american, so depreciation of the yen can been seen as on going event. So in this case, better look for good short opportunities instead of long.

I made a quite a few bucks on EJ this morning which gave me pretty decent return and at the same time, with short position on hand, i can sleep well
Whatever is happening right now has happened before and will happen again.
  • #15,415
  • Jan 11, 2013 1:52pm Jan 11, 2013 1:52pm
Quoting mnmnmmnnmnmn
But for the GJ pair short. YES, looks like the rules were followed. But there's something that you should bear in mind that we should always follow the big trend.

For example, now with japanese government is printing money way faster the american, so depreciation of the yen can been seen as on going event. So in this case, better look for good short opportunities instead of long.

I made a quite a few bucks on EJ this morning which gave me pretty decent return and at the same time, with short position on hand, i can sleep well
Would you say the mbl is the only difference you have to the original method?
  • #15,416
  • Jan 11, 2013 2:07pm Jan 11, 2013 2:07pm
There are some other lines but they dont belong to this system. I do not to confuse everybody. so I took them out.

Like i said, one should not just rely on ONE system. For myself, i have two, one for longer TF and one for short. Now I am adding this TMS method as a general guide because it fits well on both type of TFs (but better on long TF).
Whatever is happening right now has happened before and will happen again.
  • #15,417
  • Jan 11, 2013 2:35pm Jan 11, 2013 2:35pm
On this forum, there're tons good systems out there. But TMS is the simplest. So stick with it and forget about other ones. Once you trade long enough using this method, especially after making a couple huge mistakes, then you 'll start to figure out something else to help filtering the information when you decide to open up your positions. that's when you wanna integrate others system in.
Whatever is happening right now has happened before and will happen again.
  • #15,418
  • Jan 12, 2013 4:28am Jan 12, 2013 4:28am
Re
Quote
i am a fan of this method i have read all posts.this is one of the best methods that i seen.but i don,t know where is the creater of this room Mr elfranz . I hope he be health.

It is because sadly EelFranz recently passed away see here http://www.forexfactory.com/showthre...ed#post6330833

I too have read a large amount of this thread and the indis seem relatively simple to use, great for me as a newbie
  • #15,419
  • Jan 12, 2013 12:17pm Jan 12, 2013 12:17pm
Quoting websie
Re

It is because sadly EelFranz recently passed away see here http://www.forexfactory.com/showthre...ed#post6330833

I too have read a large amount of this thread and the indis seem relatively simple to use, great for me as a newbie
I AM SO SORRY TO HEAR THAT. IT IS A HUGE LOSS TO ALL OF US. THANKS BIG E FOR BRINGING SUCH A GREAT SYSTEM TO US, AND LET 'S KEEP IT UP WITH ALL THE GOOD WORK.

REST IN PEACE EELFRANZ...
Whatever is happening right now has happened before and will happen again.
  • #15,420
  • Jan 12, 2013 4:43pm Jan 12, 2013 4:43pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
hi BIG E
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