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Trading Made Simple

  • #15,581
  • Feb 13, 2013 4:48am Feb 13, 2013 4:48am
Quoting emmanuel7788
The yellow line on your chart is Moving Average:

You must read all of Big E post to learn this simple system and how he trade.
A big thank you
  • #15,582
  • Feb 15, 2013 2:18pm Feb 15, 2013 2:18pm
Moving Average on the chart is ( 5 period,-/shift 3,- / MA method exponential, -/
Apply to Typical price (HLC/3 )You must read all of Big E post ,
  • #15,583
  • Feb 15, 2013 4:39pm Feb 15, 2013 4:39pm
Quoting redfan
Moving Average on the chart is ( 5 period,-/shift 3,- / MA method exponential, -/
Apply to Typical price (HLC/3 )You must read all of Big E post ,
Are you sure of what you're saying?
  • #15,584
  • Feb 15, 2013 7:20pm Feb 15, 2013 7:20pm
Quoting borislav331
Are you sure of what you're saying?
Here is an important post where your will find pdf of BigE' posts and comments:
http://www.forexfactory.com/showthre...75#post5463775

whether it is 5EMA or 5SMA, there is little difference.
whether you use shift +2 or shift+3 will also not make a lot of difference.
as BigE had mentioned many times, he put more weight on TDI over the 5EMA.
you can also enter when the HA is below 5EMA so long there is a TDI cross.

It is your knowledge in Price Action and how you apply that in your trading that will make a huge difference whether you can achieve and maintain consistent trade results.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: TMS 5EMA vs 5SMA.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,585
  • Feb 16, 2013 10:50am Feb 16, 2013 10:50am
As a newbie myself and decided to start out using this method,
What would be the necessities to learn ?
Just price action, or other things like chart patterns, fibs etc ?
As the author said, keep it simple....... But just how simple ??

Nelly .
  • #15,586
  • Feb 16, 2013 12:24pm Feb 16, 2013 12:24pm
Quoting emmanuel7788
Here is an important post where your will find pdf of BigE' posts and comments:
http://www.forexfactory.com/showthre...75#post5463775

whether it is 5EMA or 5SMA, there is little difference.
whether you use shift +2 or shift+3 will also not make a lot of difference.
as BigE had mentioned many times, he put more weight on TDI over the 5EMA.
you can also enter when the HA is below 5EMA so long there is a TDI cross.

It is your knowledge in Price Action and how you apply that in your trading that...
Just a comment on how the 5EMA was used. Originally Big E used it as a confirmation of PA, so for long trades, a candle breaking the 5EMA with a TDI cross was an entry signal. As he evoloved the approach, the 5EMA criteria was dropped in favour of PA and Support / Resistance levels. It was left on the charts purely as a visual aid / crutch for trend directions.

Essentially the trend direction can be taken from the TDI - The mid Zone line above 50 is a confirmation that the trend direction is positive - below 50 - negative.

Predominant approach id APB colour change and TDI cross occurring within one or two candles. Watch for S/R levels and the 200EMA. If TDI is hovering around the 50 level, wait for PA to confirm any TDI break - lots of false signals.

If the Day TDI is above 68 / below 32, look for reversal signals / TDI divergence / convergence, or drop down to lower time frames where TDI is not oversold / overbought. Avoid entering long of TDI>68 or <32.

PA is king, so a good understanding of candles and their patterns is essential. When back testing, find the really good entries and understand what PA was doing with regards to S/R levels and 200EMA.
"To live with Passion, it takes Courage and Grace to survive"
  • #15,587
  • Feb 17, 2013 9:48am Feb 17, 2013 9:48am
I have successfully used TDI on 2 of my demo accounts...

How ever...

One has to know the support,resistance and news announcements. There are many times the green line crosses the red line yet failing to see the support and resistance when the market is ranging will make you lose the trade.

TDI works best when pairs are not ranging that much.

This is my experience so far.
  • #15,588
  • Feb 17, 2013 1:55pm Feb 17, 2013 1:55pm
I didn't read the whole thread but looking at the charts I trade somewhat similar but let me point out a few things:

You don't need oscillators, they are useless. They are derivatives of moving averages. Use 200-50-20-10 EMA instead, they work as support-resistance. (If not the trend is weak).

When you enter a trade you never know how much it will go in your favour or against you. This is why you should GET OUT the moment it goes against you (you should define what noise is, but Heiken Ashi is a great tool to simplify that).

So ignore all the bullsh!t, all predictions are futile just get in sync with the market stay on the "right side" and you will make money.

Works in every time-frame.
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #15,589
  • Feb 17, 2013 5:41pm Feb 17, 2013 5:41pm
Hey dotless - forgive my number of posts - I seem to have misplaced my original username. I have been demoing TMS and other TDI type systems. But I have not come across the idis you are using on this post. Which indi shows the arrows? thanks for the help.
Quoting dotless
hi all!

This indicator is so awesome. I've just started demo trading on it and at first, I was losing money because I wasn't setting stop losses and was interfering too much so what I did was to open a position and minimize the trading platform.
Now, I'm doing much better. Making 4 successive trades so far.

Btw, take a look at the chart. Would you have closed the position?
  • #15,590
  • Feb 18, 2013 1:38am Feb 18, 2013 1:38am
Quoting Yuri57
I didn't read the whole thread but looking at the charts I trade somewhat similar but let me point out a few things:

You don't need oscillators, they are useless. They are derivatives of moving averages. Use 200-50-20-10 EMA instead, they work as support-resistance. (If not the trend is weak).

When you enter a trade you never know how much it will go in your favour or against you. This is why you should GET OUT the moment it goes against you (you should define what noise is, but Heiken Ashi is a great tool to simplify that)....

if oscillators are derivative of moving averages, what are moving averages derived from?
moving averages will always follow price, not the other way around.
at some point in time, both the price and its moving average will meet.
to make money, you must be in the market.

BULLs will make money.
BEARS will make money.
only pigs get slaugthered.
Attached Image (click to enlarge)
Click to Enlarge Name: bullshit you must bear.png Size: 437 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,591
  • Feb 18, 2013 1:43am Feb 18, 2013 1:43am
Quoting akaky
Hey dotless - forgive my number of posts - I seem to have misplaced my original username. I have been demoing TMS and other TDI type systems. But I have not come across the idis you are using on this post. Which indi shows the arrows? thanks for the help.
Hi akaky,

those arrows look like TDI cross and Stochastic cross to me.
what do you think?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,592
  • Feb 18, 2013 1:46am Feb 18, 2013 1:46am
Quoting Britpip7
Just a comment on how the 5EMA was used. Originally Big E used it as a confirmation of PA, so for long trades, a candle breaking the 5EMA with a TDI cross was an entry signal. As he evoloved the approach, the 5EMA criteria was dropped in favour of PA and Support / Resistance levels. It was left on the charts purely as a visual aid / crutch for trend directions.

Essentially the trend direction can be taken from the TDI - The mid Zone line above 50 is a confirmation that the trend direction is positive - below 50 - negative.

Predominant approach...
Thanks David for the followup and explaining more into details. Very much appreciated that you did so.
I am sure may new traders to this systems will leanr these well.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,593
  • Feb 18, 2013 1:34pm Feb 18, 2013 1:34pm
HI i am new to this site please can you tell me which one is the mid Zone line ? is it the yellow line in the TDI.
  • #15,594
  • Feb 18, 2013 3:34pm Feb 18, 2013 3:34pm
Quoting redfan
HI i am new to this site please can you tell me which one is the mid Zone line ? is it the yellow line in the TDI.
The three TDI lines that are of interest for TMS are (see chart):

Red: Trade Signal Line
Green: RSI Price Line - this is the one that crosses the red for entry signals supported by PA
Blue: Mid Zone - above the 50 level is showing an up trend, below the 50 line is showing a down trend

General rule - above 68, don't enter long - below 32, don't enter short

A Must Read is Post #1 on this thread and the referenced threads form that post.

Also read as many posts as you can from Eelfranz / X-Man / Emmanuel778 / PHX62 / dcginc / Vantage / dee50
Attached Image (click to enlarge)
Click to Enlarge Name: tms - tdi.gif Size: 31 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #15,595
  • Feb 18, 2013 10:34pm Feb 18, 2013 10:34pm
Hi All,

Is BigE still following his thread?
It's been a while since his last post.
I hope he is alright.

Cheers,
Erick
build a better future. ForexNation dot Org
  • #15,596
  • Feb 18, 2013 11:02pm Feb 18, 2013 11:02pm
Quoting erickva
Hi All,

Is BigE still following his thread?
It's been a while since his last post.
I hope he is alright.

Cheers,
Erick
Big E has passed away, but his teachings remain with us
"To live with Passion, it takes Courage and Grace to survive"
  • #15,597
  • Feb 18, 2013 11:10pm Feb 18, 2013 11:10pm
oh, thanks David.
I was fearing that answer would come. I remember he was not very well.
God bless him and his family, he did good! Thank you BigE!! RIP.
build a better future. ForexNation dot Org
  • #15,598
  • Feb 19, 2013 9:25am Feb 19, 2013 9:25am
Hey Guy's and Gal's:

I've been e-mailed by some members in the past regarding this system so I thought I'd pop in and give you my
impression of the system. I've been trading it for about 5 years now.

I met Eelfranz back in (2008) while studying a system called "secrets of stochastics, by redtrader" which went into
Craig Harris system of Stochastics (2009) which went into the beginning, putting together the system of
trading made simple (2009/2010). Eelfranz has since died of diabetes. He was from Portland, Or. USA.
I'am from Montana, USA and the London market doesn't open until 12:00 a.m. our time. Both Eelfranz and
I could not stay up all night to trade the London markets so Trading Made Simple on the 4 hour charts were
born. Guess what, we all started making lot's of money! Since then their have been some spin-off's. X-Man
SSS system and Trading made simple for daily charts. And another simple trading system on the
15 minute chart. All of these are basically the same system using the TDI indicator, but different time charts.
The system is very good and really the only system that I have made money with.

A little about myself. I have been able to retire and trade to make my money. I can't seem to stay-up
all night to trade the London market so I like to set my trades on the 4 hour chart and go to bed and
check things in the morning. 80% of the time I make money. I set my stop loss about 3 candles back
at the hi/low and go to bed. I have studied indicators and charts for hours/months years... I'am at the
point in my life that I just want to set my trade and go out and ride motorcycles and live life. I think that
forex and indicators are very random and I want to get away from all the noise. Trading Made Simple by
Eelfranz works and is very profitable. In my opinion Eelfranz did everyone at forex factory a hugh favor
before he died. (His memory lives on...thanks Eelfranz... RIP).

If I could give someone some advice. I would go into the history here at forex factory and study everything
that Eelfranz has written. In the mean time their have been some people who have stepped-up to really
help the new traders. I can't mention everyone by name but you know who you are...thanks. Myself
I'am not a good teacher. I don't have the time or the patience for it. And the people who are teaching
this method are much better at it than I. But know this...this system as laid out by Eelfranz...works and
is very profitable. Spend your time learning this system and you'll be well rewarded...especially the 1 hour
and 4 hour charts. (Especially the 4 hour chart-that's the secret...tdi on the 4 hour chart).

Well I hope I helped someone. Good trading to everyone. I'll try to keep in touch every once in awhile...

Love

snarlyjack
  • #15,599
  • Feb 19, 2013 12:54pm Feb 19, 2013 12:54pm
Thank you, snarlyjack! It is a very nice post!

I created my own TMS-modification (after the H-1 signal I was watching M5 and entering at the very best time) and I traded this modification from June 2011 until March 2012 when I switched to M1 trading. TMS is a very good system, especially if you can "pinpoint" your entries, I was making 700-800 pips per month. Thank you, Big E! Rest In Peace!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #15,600
  • Feb 19, 2013 7:37pm Feb 19, 2013 7:37pm
I started trading Forex about 6 months ago and Eelfranz was the first person I followed here. His system is simple and easy to follow. I am not a great trader but have a positive return over those 6 months and credit Eelfranz and his teachings for part of that (as a newbie I haven't blown my account yet). Thanks "snarlyjack" for your update. I too am sorry to learn of his passing but his gift lives on here in this forum as well as with everyone that learned something from him.
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