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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #15,641
  • Feb 25, 2013 7:13pm Feb 25, 2013 7:13pm
Quoting emmanuel7788
To all TMS followers:

Here is classic TMS H4 setup taught by the late FF member Eelfranz fondly known as Big E.

This must be supported by a higher TF candlestick pattern, chart patterns and support and resistance. For higher probability trades, the setup must occur at a CONFLUENCE of Support and Resistance for example 50/200EMAs, RN, BRN, Fibo levels, Pivots levels. Do your own back-testing and you will learn the occurences of such setup condition and the pips run for each of the setups.

Also, many are still puzzled with the clock face...
Hiya Emm,

I look at your chart, I would love to have your different colors horizontal line in mine too. How you do that. Is there any indicator doing that ??
Mine sharing ..
Banker please return my pipins.
  • #15,642
  • Feb 25, 2013 10:02pm Feb 25, 2013 10:02pm
Quoting Babyboy
Hi again,

As Im busy with my work, the updates abit late. Anyway, after fours I look at the chart, I decided to closed the exit
as both entry is running away slightly. As I was busy, I didnt perform much checking, however i did make an entry on EU.

EU - longing. Condition meet both tms and stoch.

Results
AU -8pips
EJ +21pips

EU Currently +30pips.
That AU trade looked textbook perfect to me. What did I miss or was it just one of those rare losses when everything looked good.
  • #15,643
  • Feb 25, 2013 10:34pm Feb 25, 2013 10:34pm
Quoting Babyboy
Thats was a BIG THANK to Phx62. Because I recall that he will take profit before reaching the 200ema.
I'm just following his advice.
Actually more precise in this case was the 60 EMA it bounced right off that.
  • #15,644
  • Feb 26, 2013 1:58am Feb 26, 2013 1:58am
Quoting Empowers
Actually more precise in this case was the 60 EMA it bounced right off that.
Hehe to be precise, I think the 200ema was on lower time frame which is either 15 or 30.

Cause, I remember seeing thoses line when I zoomed in. so I put tp around there.
Banker please return my pipins.
  • #15,645
  • Feb 26, 2013 11:47am Feb 26, 2013 11:47am
Hi all, I have been out of forex for about a year now and am just getting back in. I used to trade a New York breakout with decent success, but had to quit when I moved to S. Africa due to a lack of internet (Lesotho to be exact). Now, that I am back in California, and able to get back into it, I am revisiting this strategy since I can no longer trade my old system (can't babysit the trades at work, and my workplace now blocks access).

I get price action, highs and lows, pivots, and all of the other things that influence the direction of a potential trade, so I'm not a total noob, but regardless I do have a candle question.

I have also downloaded and read all comments (PDF) and am wondering (in case I glossed over it) are we still using HA candles, Smooth HA candles, or regular candles. I used smooth HA's in my old system (trading 15m and 1h charts), and liked them only because they weren't so choppy looking and it was less stressful to see price action. However, when trading 4hr charts... are HA candles as important (smooth or regular HA's) or should I just not question it, and use HA's since that was how the system was designed.

Just wondering...
  • #15,646
  • Feb 26, 2013 10:07pm Feb 26, 2013 10:07pm
Hi, glad to see you've come to this thread. This is definitely the place to be in my opinion. This stategy uses the Synergy APBs from compassfx.com, they are slightly different to regular HAs so I recommend getting the APBs from the beginning of this thread and it's linked posts.

As Big E used this strategy primarily for trading the 4H candles, I would say that using Average Price Bars would be highly recommended. However, he did say at one point that if you prefer to use Japanese Candlesticks and can see PA without any trouble, then go for it, but most people prefer using Average Price Bars.

Quoting slc12312
Hi all, I have been out of forex for about a year now and am just getting back in. I used to trade a New York breakout with decent success, but had to quit when I moved to S. Africa due to a lack of internet (Lesotho to be exact). Now, that I am back in California, and able to get back into it, I am revisiting this strategy since I can no longer trade my old system (can't babysit the trades at work, and my workplace now blocks access).

I get price action, highs and lows, pivots, and all of the other things that influence the direction of a potential...
  • #15,647
  • Feb 26, 2013 11:26pm Feb 26, 2013 11:26pm
Quoting Empowers
This stategy uses the Synergy APBs from compassfx.com, they are slightly different to regular HAs so I recommend getting the APBs from the beginning of this thread and it's linked posts.

As Big E used this strategy primarily for trading the 4H candles, I would say that using Average Price Bars would be highly recommended. However, he did say at one point that if you prefer to use Japanese Candlesticks and can see PA without any trouble, then go for it, but most people prefer using Average Price Bars.
Thanks, I will download the indicator and check it out. I had seen it earlier, but figured since eelfranz labeled it as HA's, I figured a HA candle is the same as anyone else's as long as it is configured the same. Kind of like Stoch's. Having not compared it to what I have, maybe it is similar to the smoothed HA's. Anyway, I will take a look.

I am looking forward to learning/practicing a bit, then jumping in with both feet by this summer with a small live account. The other system I used to use did well for me, averaging anywhere from 100-150 pips a week, but like I mentioned, I can't trade that way anymore. So this looks like a nice way to trade, definitely a more relaxed way as well. It does seem very sound, providing you have a grip on reading charts and being able to make an educated guess. Been out of practice for a while, but rearing to go.

Thanks for your input.
  • #15,648
  • Feb 27, 2013 12:11am Feb 27, 2013 12:11am
Today Trades.

Hmm i see nothing much action today. But I made and entry on Longing EU. hope fully the rebounce signal is good as the support seems strong since last.
Gonna closed and get to my work... Let them
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.02.27 eu long entry.png Size: 36 KB
Banker please return my pipins.
  • #15,649
  • Feb 27, 2013 4:42am Feb 27, 2013 4:42am
After 4hrs before candle close.

Take only 0.4 pips nett.

Anyway. Its seem struggling. No Burning pips
Banker please return my pipins.
  • #15,650
  • Feb 27, 2013 6:55pm Feb 27, 2013 6:55pm
Quoting Babyboy
Hiya Emm,

I look at your chart, I would love to have your different colors horizontal line in mine too. How you do that. Is there any indicator doing that ??
Mine sharing ..
Hi BB,

Those are Fibonacci levels using the Previous Week High Low range. It is not a holy grail, but I use those fib levels as intra-week support and resistance when I trade H4.
But CONFLUENCE of support and resistance is important for example: W and D OHLC, BRN, RN, Fib levels, Pivots and historical support and resistance.

Another H4 trade example occured yesterday.

Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 28 Feb 28-2-2013 8-46-01 AM.png Size: 34 KB
Attached File(s)
File Type: ex4 FibPointsWeekly.ex4   8 KB | 638 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,651
  • Feb 27, 2013 8:41pm Feb 27, 2013 8:41pm
Hi all,

I have a few questions for the folks, who have been using this system for a while now and are comfortable/profitable with it.

A bit about myself first. I found BigE's TMS System around June of 2012 and gave it a try, but wasn't very successful with it for various reasons I think, primarily being that I was extremly new to the Forex game. I had to take a break from trading during the summer/fall for many reasons (wedding, honeymoon, moving etc.) but managed to get back in the swing of things again 1 1/2 months ago. Last week I thought of giving TMS another shot and I have to say that this past week has been incredibly profitable for me on my demo account. Now, I'm not so naive as to think that I got things figured out, I most likely just got very lucky. But a few questions did come to mind that I would like to ask you all.

1. Is the TMS System more profitable during certain phases of the market? Meaning, ranging markets or trending markets? Or does it not matter?

2. I'm just curious what kind of pip profit/loss you all made over the past 7 days. I just want to get a feeling if these past 7 days were just very easy to make a profit out of and how much luck was involved in my case.

Hope to hear from you all soon.

Best regards,


Mike

P.S. Sorry if some of this isn't understandable. English isn't my native language. If something is unclear, please let me know and I'll try to clarify it.
  • #15,652
  • Feb 27, 2013 9:34pm Feb 27, 2013 9:34pm
Hi Mike,

I try to keep things very simple. For me, I only use the tdi indicator and the
5 ema shift 2 typical (h/3). I also use synergy average price bars. That's it.
It's almost like naked trading except I do glance at the Tdi. I do not use
sup/res, fibs, other ema's, or take profit levels. When the tdi turns I buy
or sell. But that is me, other people trade it a lot more complicated. In my
mind simpler is better...

I made about 500 pips late last week and early this week. I think this
system is the cat's meow!

Hope this helps you...

snarlyjack
  • #15,653
  • Feb 27, 2013 10:04pm Feb 27, 2013 10:04pm
Quoting emmanuel7788
Hi BB,

Those are Fibonacci levels using the Previous Week High Low range. It is not a holy grail, but I use those fib levels as intra-week support and resistance when I trade H4.
But CONFLUENCE of support and resistance is important for example: W and D OHLC, BRN, RN, Fib levels, Pivots and historical support and resistance.

Another H4 trade example occured yesterday.

Trade Well.
Hi Emm,

Thanks for the indi. I will perform further study on it while Im demoing the method.

Another quick update. I was longing EU since yesterday before NY open as the London open was building up progress.
Attached herewith is the graph. I just pull out half lot of +40pips of the trade. But one thing i shall say is that trading this
method is less hectic in term of pressure, as we can ignore the news... I was practising hourly trade yesterday, when you
see the reversal made by the NY news, making the pips drop -30pips easily. And after a half goody sleep, I wake up the
trend remain strong. So I let the half lot running loss setting my SL to BE+10. I dont feel like giving back the pips. After a
hard fought battle last nite.

Basically, I strongly believe that this method can provide a strong entry point. Just have to becareful on the retracement.
Sometimes, may caught us offguard.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.02.27 eu long entry 2.png Size: 38 KB
Banker please return my pipins.
  • #15,654
  • Feb 27, 2013 11:39pm Feb 27, 2013 11:39pm
Quoting Mike1981
Hi all,

I have a few questions for the folks, who have been using this system for a while now and are comfortable/profitable with it.

A bit about myself first. I found BigE's TMS System around June of 2012 and gave it a try, but wasn't very successful with it for various reasons I think, primarily being that I was extremly new to the Forex game. I had to take a break from trading during the summer/fall for many reasons (wedding, honeymoon, moving etc.) but managed to get back in the swing of things again 1 1/2 months ago. Last week I thought...

Hi Mike,

I shall skip all the technical stuff which are often repeated in all mecahnical trading systems.

There is no luck in trading the spot forex market. This is not playing with lady luck like in a casino.
To make money from the market, first you have to be in the market. It is how many times you get in, and how many times you get out. It is where you get in and where you get out.
For every entry is minimum must have two exits. The first exit is your initial stop loss. The second exit is your TP.
In between your first entry and your TP can have many more entries and many more exits. But you do this only after the markt move in you favour away from your first exit.

It is a money management game. What is your edge in treading the market?
Money management alone is not the edge. It is an important part of what that will make the edge for your trading business.
The other part is your metal fitness which make a bigger part of the edge.

Have a crack at this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,655
  • Feb 28, 2013 12:32am Feb 28, 2013 12:32am
Hi Mike, your English is very good.

Try to understand that beginner's luck is often actually what we consider "successful trading". We trade happily, we don't second guess, we aren't afraid of losses. When people get their first big streak of losses and a drawdown, they start to fear the market and try to compensate by learning MORE market analysis, and get so caught up in analysis that they forget how they felt when they had that "beginner's luck", when they were trading in a manner that COMPLETELY accepts risk and expects losses to occur, and weren't afraid to trade.

That is the paradox of trading. All you have to do to be successful is trade like a beginner. But that in itself, is the HARDEST thing for us to do.
SnarlyJack is a great example, many would consider his method crude and basic, but it works WELL, because he is trading with the correct mindset. Simple is best. No exceptions. Attitude beats "intelligence" any day. I highly recommend you read "Trading in the Zone" if you haven't already, you can actually find copies that are free (and aren't supposed to be) with a simple Google Search.

Now more specifically, as far as I know this system works in almost any market because for as long as the markets have been around there is always that daily fluctuation at the open of London, NY etc. Even in ranging markets it consistantly makes long moves and short moves all around the place. You don't have to be in a long term trend to take advantage of them. Volatility is the key to this, obviously a stale, boring pair of currencies aren't going to give as many good opportunities, so if a pair is looking crap at any point in time, there will be at least 1 pair somewhere that has some volatility, and that's all that is needed.

One last comment on yesterday, there seemed to be a couple of good trades, but they were small of course because they were counter-trend.

Quoting Mike1981
Hi all,

I have a few questions for the folks, who have been using this system for a while now and are comfortable/profitable with it.

A bit about myself first. I found BigE's TMS System around June of 2012 and gave it a try, but wasn't very successful with it for various reasons I think, primarily being that I was extremly new to the Forex game. I had to take a break from trading during the summer/fall for many reasons (wedding, honeymoon, moving etc.) but managed to get back in the swing of things again 1 1/2 months ago. Last week I thought of...
  • #15,656
  • Feb 28, 2013 1:35am Feb 28, 2013 1:35am
Empowers,

I'am impressed! You just hit the nail on the head. If you go back
to the very first page and read what Big E wrote and just let it seep in,
that is what Big E was trying to convey to everyone. So much so
that both Big E and I sleep through our trades. It's 12:30 a.m. here
in Montana and I'am getting ready to go to bed...

Last week the eur/dol pushed through all the ema's (20, 50, 100,200)
went through all the fib lines, went through all the support lines,
went through all the take profit levels and still kept on going. (who
would have guessed that...who knew). Most people start to liquidate
when price is approaching a "key" level. My advice is give it time and
let it prove to you what it's going to do. (That's what break-out trading
is all about).

Anyway good for you!

snarlyjack
  • #15,657
  • Feb 28, 2013 2:38am Feb 28, 2013 2:38am
Awwwww thanks! "Trading in the Zone" really helped me understand the psychology of trading. Before that, I was honestly thinking that I wasn't smart enough for Forex

Yep, the only real time to get out is when you see that momentum has stopped. Key levels are just "High Probability Points" of price momentum slowing

Quoting snarlyjack
Empowers,

I'am impressed! You just hit the nail on the head. If you go back
to the very first page and read what Big E wrote and just let it seep in,
that is what Big E was trying to convey to everyone. So much so
that both Big E and I sleep through our trades. It's 12:30 a.m. here
in Montana and I'am getting ready to go to bed...

Last week the eur/dol pushed through all the ema's (20, 50, 100,200)
went through all the fib lines, went through all the support lines,
went through all the take profit levels and still kept on going. (who
would...
  • #15,658
  • Feb 28, 2013 6:30am Feb 28, 2013 6:30am
Hi all:
A question to all who are with this strategy for a long time, what is the recommended time to enter the market?
Sometimes I see that the market starts too before I can see and I lose tickets.
Thank you very much for your attention.
Have a good weekend.
  • #15,659
  • Feb 28, 2013 9:19am Feb 28, 2013 9:19am
jnkarlos,

For me I trade through IBFX and trade the 4 hour candles. My time in Montana
the 4 hour candles change at (1:00 a.m., 5:00 a.m. 9:00 a.m., 1:00 p.m., 5:00 p.m.
9:00 p.m.) then it cycles back through the rotation.

I trade when the green line passes through the red line on the TDI and I
try to trade with the trend. If you check out the smaller time frames you
will make what you think it a excellent entry, only to find the next candle
goes complently opposite your trade. (red candle, green candle, red candle
again) . If you have patience and go with the trend you'll come out ahead
80-85% of the time. Forex is pretty random and it is designed to take
your money. 98% of the people can't handle their nerves when trading
for one reason or another. The only way to beat the forex system is get
very, very good or play with money you can afford to loose and just let
it do it's thing and look at it in a more long term nature. I know that
80-85% of the time I'll win and I just need to be in the market and let
it do it's thing and I choose when I liquidate the trade. Like the stock
market day to day (up 100, down 150, up 200, down 50, up 75 etc) and
it changes each second of every day. You have got to come to grips
with it. I do that that playing a little longer term and playing the
percentages with the trend. 80-85% is really very good.

tks...and good luck.

snarlyjack
  • #15,660
  • Feb 28, 2013 9:42am Feb 28, 2013 9:42am
Quoting snarlyjack
jnkarlos,

For me I trade through IBFX and trade the 4 hour candles. My time in Montana
the 4 hour candles change at (1:00 a.m., 5:00 a.m. 9:00 a.m., 1:00 p.m., 5:00 p.m.
9:00 p.m.) then it cycles back through the rotation.

I trade when the green line passes through the red line on the TDI and I
try to trade with the trend. If you check out the smaller time frames you
will make what you think it a excellent entry, only to find the next candle
goes complently opposite your trade. (red candle, green candle, red candle
again) . If you...
I Totally 110% Agree with you, Sir!
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