Trading Made Simple

I do not like taking H4 trades at the beginning of NY session candle. Big-E used to play hourly chart at the time of NY open. Unless PA really gives me a strong signal, I do not enter trades at 14:00 GMT (that's when my candle opens). When I do, i set really tight stop loss. Todays GU nor USD/CHF was not this case (didn't like PA).

Besides I had taken 2 trades today: NZD/USD at 6:00 GMT (ended at BE about 1 hr later after pullback) and AUD/USD at 10:00 GMT (ended -5 pips when 14:00 GMT opened flattening TDI).

Had a good day yesterday with GU (10:00 GMT) and EU (14:00 GMT) shorts.


Best luck!
M.

Wnabo and all,

The original threads to trading made simple (I don't have the links). The system
started out in (stochastics secrets, by redtrader, in 2008) then it went into
(Craig Harris, stochastics method, in 2009) then turned into (Trading Made Simple, 2010).

TMS is a combination of Dean Malone at Compass Fx (see videos), Red Trader Stochastics
Secrets and Craig Harris, Stochastics method. Eelfranz started putting all this together
back in 2008. Dean Malone and Craig Harris at Compass fx, started putting this together
way before that. I would say this system has been in the development mode for at least 8-10
years. Hundreds of people and thousands and thousands of hours has been devoted to
getting TMS to the basic, simple method that it is today.

There have been some great traders along the way that have helped design the system.
Dean Malone at Compass Fx, Dean helped build Compass Fx using this system. Dean Malone
invented the TDI indicator and the indicator has been well studied all over the internet
and used by big time broker offices and hedge funds. The system has been proven to
work and is used by many, many traders.

Now...Everyone uses the TDI system differently. There has been at least 4 different
Forex Factory set-ups that I know of. Everyone tweeks the system just abit. Which
is ok...All I can say is...TMS is a very simple, money making system. It's like a car,
you can just drive it or you can soup it up. But it all come down to how good of a
driver you are?

If you like you can go to Compass Fx, go to videos and check out at least 50
different videos on Dean Malone system which is basically the same system but
this system TMS is better. Dean Malone is more conservative and get's you in
a bit later. Eelfranz tweeked Dean Malone system and came up with TMS. This
system is a bit more aggressive and get's you in and out earlier.

I've spent hundreds of hours studying Dean Malone videos, studying Red Trader
and Criag Harris stochastics method and studying TMS. And traded all 4 different
systems. After trading all the different systems (thousand of dollars and hundreds
of hours later) IMHO, TMS is the best of all 4 systems. That is what makes this
system so special. All you have to do is learn how to drive it...

Hope this background helps...You never know something might happen to us
old timers and we need you "all" to carry on the torch and play it forward
for others in the future...This system was designed so people like you could
have financial security in your life, without getting a Phd in finance.

snarlyjack

snarlyjack, excellent post.

snarlyjack , great post...there are allot of threads and interpretations of this system,

after studying this system for thousands of hours, can you please state the rules of this system from your perspective, based on the knowledge that you have learned during all this time....will try to carry the torch...

It was stated many times all over again and again in this thread, you can easy find it yourself or on first pages or "essentials" in pdf's you can find in attachements.
Do not expect someone will do your job my friend... it is like homework, weekend is comming so right time to do it... will keep finger crossed on you..

Jackub http://assets.forexfactory.net/image...ser_online.gif I have done my homework, went through every page and chart......most of the people have their own interpretation on how it should work, even the "essentials" in pdf changed many times......this question was not posted to you...if you no interested....move on...

Yes I will move on, but now I see your question under little other angle... it worry me a bit, but as you say I will move on.
If you feel somehow offended by me, please apologise... it wasn't my intention ....
Best Regards
Jacek

Driven18,

Thank you...

My perspective of TMS.

When I first started trading all I wanted to do was make some extra money. I thought
to myself, this is no big deal just learn a few rules and I'll be off to the races. What I learned
along the way that this is much more complicated than I ever thought. As I went further and
further into it, like everything in life it just got more and more complicated. One day I woke
up and said to myself this is just nuts. I just want to make a little money and un-complicate
my life not totality complicate it.

So like Eelfranz, I started stripping everything off my charts except for the TDI. Guess what, I
started making money. The light bulb came on and it changed how I trade and I started
to be very profitable. I learned like Eelfranz said, that most (not all) of what I learned was b.s., so I
started to make things very simple.

So now I try to make things very simple. The simpler the better and you need to have patience
and let things cook. Put on your trade, let it cook (simmer) and exit the trade. Sometimes you
make a little, sometimes you make a lot, sometimes you loose a little. But 80% of the time
you'll make money. Big secret is "you have to be in the market to make money", and you need
to let it "cook". Read page #1 of what Eelfranz said, I totality agree with him!!!

My son just came over so I gotta go...but I'll tell you more later.

Thanks

snarlyjack

Closed 2nd half of AUDUSD short for 46 pips... Didn't continue down as expected.

Happy Hunting.

And as usual, I close and PA runs some more :-D

Snarly, when you say simmer, how much do you reckon? Will you let pa go 40 pips against you on h4 if youre already up 90?

Hi Snarlyjack,

Do you not have stochastics either !??????
I see how people do get confused as after a few hundred pages and even big E, changed his mind with the 5ema, and the yellow line on the TDI.....

I think what is needed is an updated PDF of TMS,
Cut the crap, cut the indicators that are not needed, and all the other BS as you put it,
And lay down the ins and outs of a ducks arse, of what has become and even simpler (complicated) Trading Made Simple .....
If you know what I mean ......

I think there are quite a few newbies like me that would really appreciate and update from an experienced TMS trader ??????

Thank you in advance,

Nelly .

Looking forward to the "more." Thanks.

Nellycopter,

Ok...I'am back.

When we first started TMS the basic system used the stochastic. If you remember
we were studying stochastic systems (Redtrader, Craig Harris, etc. back in 2008).
When we found the TDI indicator we incorporated them together. Best of both
worlds, we thought. But we found out that the stochastic cycles differently than
the TDI. And we would get mixed messages from the indicators. After hours of
analyzing the indicators it was found that the TDI is a better indicator than the
stochastic and to just go with the 1 true indicator, the TDI.

It was also found that the 5 ema shift 3 was not needed and it got you into the
trade to late. The 5 ema shift 3 and the TDI are not exactly the same and it messed
with the timing of your TDI entry (late entry). So we dropped the 5 ema shift 3 and
went to more of a candle pin-bar entry. So some people like X-man (SSS system) used
the pin-bar entry (for a super fast/early entry). 50/50% chance of a good entry.
Some people went with the curve of the TDI line for entry/exit and some people went
with the "true" cross of the TDI for entry. The debate rages on, which is better.
But they all dropped the stochastic and the 5 ema shift 3.

In the system (another simple system using the 15 minute chart) they have dropped the
TDI entirely and go 100% naked trading except with a 10 ema line. IMHO, this system is
to subjective and it's pretty short term. I like less subjective trading and I can't stay up
all night to trade the 15 minute chart.

It was found that naked trading using the TDI is very profitable and you could analyze
the trades (past, present and future). If you look at my chart, it is pretty naked trading
using just the TDI, only recently have I added the TMS Oscillator 3 tf. That allows me to
look at 8 charts very quickly and see which chart I'am interested in. Once I find my
chart...then I only use the TDI for analzying the chart.

I hope this history helps you...

snarlyjack

Snarlyjack,

I just want to say a massive thankyou, I have read all your posts over the years and youve been an invaluble inspiration to me and this post is spot on.
Thankyou once again.

Regards

Adam

Snarlyjack,

The many times in which timeframe do you use it the TMS?

Pawpaw,

Ok...The entry is really easy (just wait for the cross) and trade with the trend.
The cooking is easy (just let it simmer) put in your emergency stop loss and
let it do it's thing. The exit, Imho, is the hardest of them all. You can exit at
a particular time (like when I wake up, or a couple of hours after N/Y open). Or
you can wait for the TDI to curve up/down. Or you can wait for the candle to
change colors or drop down to a lower time frame (5 minute chart and really time
the market). Most of the time I just take the money and run and don't look back
and second guess myself. As long as I make money I'am happy.

Remember that we are trying to take a "slice" out of the middle and not trying to
time the market to the very last pip. The risk of the trade is not in the middle
of the move, the risk is at the very top or bottom of the move. Unless you have
a super program with a super computer with a super fast connection (like a
super computer across the street from NYSE) we have to take the middle of the trade.

The $100 million hedge funds would love to take our money. To counter the hedge
funds we have to play the middle of the trade with a longer time frame chart. We
can beat the hedge funds at their own game but you can't be greedy and you have
to be smart about it. The middle part of the trade is our sweet spot.

snarlyjack

snarlyjack,

So basically, we use TDI and Heiken Ashi candles only! NO any other indicators!

I had problems with H4 so I will trade H1 only. But Green crossing Red on TDI isn't enough signal to enter the market at the right time as I have been watching TDI for over 2 weeks now and it gives clear crossing and it may pointing up or down 75 degree and after minutes it will change direction and go opposite direction on H1! Even if we go down to shorter tf, again you most likely find the green crossing totally different direction from H1.

So is there simple basic rules like 1 , 2 , 3......... with a video as I believe this system is missing a live video on how to make a good entry! If you master this system well, we will really appreciate you to recode a video of the system with different market scenarios and teach people here how to use it!

Thanks

Kbp,

Thanks for clearing out some points, I'm now reading X-Man's thread and I will give it a go

There was no need to delete your post as it was really good.

Hello Rino,

Yes...add the TMS osc. 3tf to your charts and make sure that all 3 time frames
line up with the same color. (see paperclip on top of page). Use with
the TDI. That way your trading the current time frame and the 2 time
frames above it.

Go to Compass Fx web site and watch the videos by Dean Malone on
how exactly the TDI indicator works. He describes how he made the
tdi and the exact entry's and exit's. Towards the end of the list).

I think this will answer all your questions...

snarlyjack

Here is the entry rule for TMS, no other system. It's how I see trading rules for H4&H1 TMS. (I trade H1 but with a little bit different rule from X-man on other thread):

 

1. You trade 1hr chart at the first 3hrs of New York session. i.e. the intersection of London & New York session
2. You trade 4hr chart at the first 2hrs before the London session (i.e. after 5hrs of Tokyo session). BigE broker has a new H4 candle on the chart at that time.
3. Entry rule: When TDI has completely crossed (i.e. candle has closed), we enter. Look at Stoch for confirmation. The APB candles help to indicate PA for confirmation. You need to watch Dean Malone videos to learn about TDI & PA.
4. Exit rule: H1 = check every hour. For H4 = check every 4hr. Exit when TDI is flat, hook or reverse.
5. For H4: Assume you made entry at 2hrs before the London, it's candle number 1. After next 4hr, you see another setup, enter, it's candle number 2. If you see the TDI flat, hook, reverse: exit. The next 4hr, candle number 3, you exit all trades. Finish for the day.
6. There is not always a cross, so we need to monitor multiple pairs.
7. Pairs: BigE likes GU, AU, EU and also likes Dean Setup: top: e/u, g/u e/j, a/u left to right. below, left to right: u/chf, u/j, g/j , u/cad

Someone please correct me if I miss anything.

snarlyjack ... hello, can you please tell what settings the indicator "osc TMS. 3TF".
And on top of page clip appears in more than one OSC TMS, which you use?
thanks in advance,
jvbs