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Trading Made Simple

  • #15,601
  • Feb 21, 2013 4:54pm Feb 21, 2013 4:54pm
Quoting snarlyjack
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,...
Nicely put SnarlyJack

All of the work from the Craig Harris Stochastic through the Dean Malone adaptations and even a brief Norwood adaptation produced a very robust approach to trading. I swapped many PMs with BigE and we are all so grateful for his teachings. I am in the same situation with the London market, so it's place and forget me as well - mostly the mornings bring a smile and when they don't - that's forex!

Happy pip hunting all
"To live with Passion, it takes Courage and Grace to survive"
  • #15,602
  • Feb 21, 2013 6:14pm Feb 21, 2013 6:14pm
I have been demoing this system for about 6 months. But what I have noticed is there is a lot of ranging and tight crossings of the TDI red/green lines causing me problems and losses. So I had an idea and don't remember if I have seen it suggested: has anyone ever considered looking at a TDI convergence/divergence - this might help avoid tight ranging markets or sharp increases/decreases in the red and green lines
  • #15,603
  • Feb 21, 2013 6:18pm Feb 21, 2013 6:18pm
Quoting akaky
I have been demoing this system for about 6 months. But what I have noticed is there is a lot of ranging and tight crossings of the TDI red/green lines causing me problems and losses. So I had an idea and don't remember if I have seen it suggested: has anyone ever considered looking at a TDI convergence/divergence - this might help avoid tight ranging markets or sharp increases/decreases in the red and green lines
akay,

You will find this topic constantly mentioned on this and other TMS related threads together with the angle of the TDI cross and PA confirmation - keep reading
"To live with Passion, it takes Courage and Grace to survive"
  • #15,604
  • Feb 21, 2013 6:25pm Feb 21, 2013 6:25pm
Quoting akaky
I have been demoing this system for about 6 months. But what I have noticed is there is a lot of ranging and tight crossings of the TDI red/green lines causing me problems and losses.
Ranging? I don't mean to be rude, but Trading Made Simple is much more than just crossings of the red and green lines. You have to pick the best entries, like Big E explained. Do you pay any attention to the TDI levels (32 and 68)? How about the stochastic? Heiken Ashi? Three Amigos? Price Action? Dozens other small details that mean a lot? You are not supposed to trade just one indicator, you are supposed to trade the system!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #15,605
  • Feb 21, 2013 9:36pm Feb 21, 2013 9:36pm
Believe it or not I have read or skimmed the entries on this thread- took me quite a while... I do know about other indis on here, angles, etc. My point was rather when the TDI lines cross 50 - sometimes it is a good move and sometimes it ranges. I was just curious if a conv/divergence indicator could be created to see if that helped make TMS even more successful. I haven't seen anything on this forum - you know it would be similar to how people use MA in conjunction with MACD. Moreover, all the indicators included in this method - Stochs, TDI, HA candles, 5MA still can't avoid all choppy markets. My point was simply to look at this another way.
  • #15,606
  • Feb 22, 2013 12:55am Feb 22, 2013 12:55am
Akaky,

This is my opinion (good or bad ?), if I were to pick another indicator just for warm fuzzies I would pick
the cci 20. The macd is to slow and the stochastics is a meat cutter.

I look at the daily chart, 4 hour and 1 hour charts. 50% daily, 40% 4 hour and maybe 10% 1 hour charts.
But I only trade the tdi and only the green crossing the red. The 50% line imho is very subjective.
I usually go with the daily and see where it is positioned with the 68 and 32 levels and it's slope. I
have found that the daily is very accurate.

I trade like Eelfranz would teach. I set my trade and go to bed and 80% of the time it works out.
I also like to trade with the trend. I have found that counter-trend trading is a long shot and most of the
time I'am lucky if I break even. If you can trade with the trend, with the daily and 4 hour charts
in agreement it's almost a 100% give-me trade.

Hope this helps you...

snarlyjack
  • #15,607
  • Feb 22, 2013 5:10am Feb 22, 2013 5:10am
Quoting snarlyjack
Akaky,

This is my opinion (good or bad ?), if I were to pick another indicator just for warm fuzzies I would pick
the cci 20. The macd is to slow and the stochastics is a meat cutter.

I look at the daily chart, 4 hour and 1 hour charts. 50% daily, 40% 4 hour and maybe 10% 1 hour charts.
But I only trade the tdi and only the green crossing the red. The 50% line imho is very subjective.
I usually go with the daily and see where it is positioned with the 68 and 32 levels and it's slope. I
have found that the daily is very accurate.

I trade...



Intresting. I tryed it and could never make it work. Maybe i give up too soon on it. Can you tell us more about the result you have in terms of percent returns / mounth. Also cna you please show with some pictures and charts little bit how you trade it please ?


Best regards
  • #15,608
  • Feb 22, 2013 12:22pm Feb 22, 2013 12:22pm
Broke even after last nights trading, I jumped the gun on EUR/NZD and didn't wait for close of the bar, reason behind it was the momo looked good and the positive german news looked like a good catalyst. Other wise was long EUR/USD and EUR/JPY with a small profit.
  • #15,609
  • Feb 22, 2013 12:24pm Feb 22, 2013 12:24pm
Big E has been very emphatic about this system being simple. You don't need any more indi except tdi, 5ma and may be stoch... It is really simple. See from Price Action / MA and tdi if it is up or down trend. If it is up only buy, if it is down only sell not otherwise. (downward cross in an uptrend is only a correction and will resume up again and vice versa) TDI cross is only to pin point when to enter and exit. Pay attention to stoploss 2/3 candles back high or low. You can't win all. but you win more. It is more comfortable in higher time frames D1/H4 and also H1.
  • #15,610
  • Feb 22, 2013 12:53pm Feb 22, 2013 12:53pm
jgadefelth,

Note: My chart package is different than yours but you can still get the basic idea.

This is the daily chart for the past 3 days. Look at the tdi indicator, notice how the
tdi is falling down and away. I knew that the eur/dol was going down. So I set my
trade at the London open and go to bed and check it in the morning. London open
for me is 12:00 a.m. and I can't seem to stay up all night trading every twist and
turn. So I've learned to set the trade and sleep on it. The last three night's I
took 40 points on Tuesday night, 70 points on Wednesday night and another
48 points last night shorting the eur/dol for a total of 158 points. Every night
is different but 80-85% of the time I make money using this system.

Read every post that Eelfranz has written. And their are also some excellent
traders, trading this system. Most of them are at home doing their
own thing now and don't post as often as they used to. But read and learn
and you will be well rewarded for your efforts.

Hope I helped you...

snarlyjack
Attached File(s)
File Type: csv EURUSDm1440.csv   119 KB | 720 downloads
  • #15,611
  • Feb 22, 2013 12:56pm Feb 22, 2013 12:56pm
Sorry...Guess I can't post a screen shot with my current trading platform.
But it's just the tdi on the daily, no big deal.

snarlyjack
  • #15,612
  • Feb 22, 2013 1:03pm Feb 22, 2013 1:03pm
Sorry...look at this one.
Attached Image (click to enlarge)
Click to Enlarge Name: pictures10gif.gif Size: 37 KB
  • #15,613
  • Feb 22, 2013 1:28pm Feb 22, 2013 1:28pm
Here it is You have a cross on your tdi also i think we must have different settings i have done no change so the original settings.


best regards
Attached Image (click to enlarge)
Click to Enlarge Name: daily.png Size: 251 KB
  • #15,614
  • Feb 22, 2013 1:48pm Feb 22, 2013 1:48pm
jgadefelth,

The next question is, where is the eur/dol heading next week? Here it is Friday afternoon,
the daily tdi is basically at level 32. Eelfranz would say that he loves to trade "long"
when the daily tdi is at level 32. We have all weekend to ponder that question...hmmm.

It has nothing to do with fibs, s/r, news...it has everything to do with the daily and
the tdi. With this system don't go against the 4 hour and daily tdi readings. Maybe
the Asia session will clear up the tea leaves for us on Sunday night?

This is like chess. We know what moves we made last week. We know what we
did last night, we know where we are today, what are we going to do tomorrow?
Past...Present...Future... That's how you learn to trade and adapt to the
situation. Think long term...like a money manager that has to move
millios of dollars around or a bank trading manager. They have their MBA degree,
they know what they did yesterday and they have a pretty good idea what they
are going to do tomorrow. They don't wing it...

Hope this help's a bit.

snarlyjack
  • #15,615
  • Feb 22, 2013 1:54pm Feb 22, 2013 1:54pm
Quoting snarlyjack
jgadefelth,

The next question is, where is the eur/dol heading next week? Here it is Friday afternoon,
the daily tdi is basically at level 32. Eelfranz would say that he loves to trade "long"
when the daily tdi is at level 32. We have all weekend to ponder that question...hmmm.

It has nothing to do with fibs, s/r, news...it has everything to do with the daily and
the tdi. With this system don't go against the 4 hour and daily tdi readings. Maybe
the Asia session will clear up the tea leaves for us on Sunday night?

This is like chess....

maybe wait for some confirmation on priceaction or something before we buy and then buy small. Or we just wait and trade what we see instead of guessing. But what do i know am just a wannabe

Best regards
  • #15,616
  • Feb 22, 2013 1:57pm Feb 22, 2013 1:57pm
jgadefelth,

Sorry...The TDI indicator that I use is the "real time tdi", standard settings.
You can find it on page 1 of X-Man's SSS system indicator list. That
is the tdi indicator that I have always used, it's a little different than the
tdi indicator that you are using. Your's only changes at the candle change.
Mine changes on each pip movement. Some people like mine, some
people like yours. I don't know which is best? But that's the difference.

tks

snarlyjack
  • #15,617
  • Feb 22, 2013 2:02pm Feb 22, 2013 2:02pm
Quoting snarlyjack
jgadefelth,

Sorry...The TDI indicator that I use is the "real time tdi", standard settings.
You can find it on page 1 of X-Man's SSS system indicator list. That
is the tdi indicator that I have always used, it's a little different than the
tdi indicator that you are using. Your's only changes at the candle change.
Mine changes on each pip movement. Some people like mine, some
people like yours. I don't know which is best? But that's the difference.

tks

snarlyjack

Ok i think i shall use the same as u then nomatter if it is best or not. It gets easier if i have questions. I have also send an pm if you have the chans to answear.


Best regards
  • #15,618
  • Feb 22, 2013 9:42pm Feb 22, 2013 9:42pm
Quoting jgadefelth
Here it is You have a cross on your tdi also i think we must have different settings i have done no change so the original settings.


best regards
Here's my chart - I use the TMS Watchdog with all settings on default
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd day 2-22-2013.gif Size: 33 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #15,619
  • Feb 24, 2013 12:36am Feb 24, 2013 12:36am
Quoting snarlyjack
jgadefelth,

Sorry...The TDI indicator that I use is the "real time tdi", standard settings.
You can find it on page 1 of X-Man's SSS system indicator list. That
is the tdi indicator that I have always used, it's a little different than the
tdi indicator that you are using. Your's only changes at the candle change.
Mine changes on each pip movement. Some people like mine, some
people like yours. I don't know which is best? But that's the difference.

tks

snarlyjack
Does that mean yours repaintS? I Thought TDI is not supposed to repaint and indicators that repaint are no good. Pls explain. Id love to use your version. your first few comments at the start of the thread,- how well the system works and how you use it ;made me fall in love with the system. Pls when you set and forget / fall asleep do you set TP or TS ? what criteria do you use to set them if you do, Support/resistance? The few times ive traded Ive come out with successful trades more times by setting small tp. But i wuold really love to ride the trend. Pls how do you do it?
  • #15,620
  • Feb 24, 2013 1:24am Feb 24, 2013 1:24am
Wnabo,

I'am on my way to bed so just a fast reply to your question.

The live TDI indicator does not repaint. It moves like a regular rsi line. (that is what it is...rsi).
So it moves and just doesn't update at the beginning of each candle, it's a continual update.
Some people like it better...some people don't. It's what I've always used. I thought
Britpip7 had a neat tdi indicator. Their must be 4 or 5 different tdi indicators that
I know of. But they are all basically the same.

I trade just like Eelfranz taught us how to trade this system. I would
suggest that you read everything that Eelfranz wrote. If I were you I
would read this entire thread (it is time well spent and will help you)!
Additionally, their are some excellent traders here, Britpip7 is one
of them. The system itself is a great system and the most profitable
system I have found. Your finally at the right place, now you have
to learn it like the back of your hand...

snarlyjack
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