Trading Made Simple | Page 953 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #19,041
  • Edited 9:58pm May 10, 2013 9:34pm | Edited 9:58pm
Quoting Tok
System is not working for me based on the first set of rules. When I enter, price instantly starts to go against me (using H4), and I get out before the loss becomes too great. Any ideas? I'm using the same system/rules as the creator. Am I missing something?
Tok,
The best thing you can do now, is take and back test one pair. Take AUD/USD (I did so) and start looking for prices on chart where price it turning back. When I first atempt to use the system I made back test for EUR/USD, GBP/USD, USD/CHF, AUD/USD since 1 Jan 2012. Using F12 key function was scrolling chart bar after bar and drawing my entries on chart and looking for results. You will take some confidence about system. I decided to take only trade trades with trend using as a trend factor 200EMA. I still have journal with all this entries even a screen shots coresponding with this trades.
First of all it is nice game to play, secondly you are training eyes and lerning to read charts. I have made few hundreds trades this way, go and do it, take your confidence that system is working. And remember there is no stupid questions.
Have nice weekend.
jackub
JacekPreserve Precious Capital
  • #19,042
  • May 10, 2013 10:02pm May 10, 2013 10:02pm
Thank you for your help everyone.
  • #19,043
  • May 10, 2013 10:12pm May 10, 2013 10:12pm
My motto...!

Attached Image


Have nice weekend all of you!
JacekPreserve Precious Capital
  • #19,044
  • May 10, 2013 10:32pm May 10, 2013 10:32pm
Quoting emmanuel7788
{quote} {image} When I trade 4H, I don't jump in one candle and jump out the next candle. I believe in the trade steups and the probability. I must give the trade some time to 'cook' or 'breathe'. Give each trade entry opportunity to move 3 to 5 candles. When you dont see it moving by say the 3rd candle after entry, then you need to decide based on price action. For eevery trade entry, you must also know what would be your exit criteria and also the trade...
Hey emmanuel,

I agree with you about letting the trade to cook. I think the best thing people should do is to get the feeling for the TMS first before jumping into the real trading. Once you see the signal, you can see that it may take at least 15 to 20 min before the trade goes into the direction of TDI cross.
I had trades which went to 25pips negative straight after right signal but then turned around and went back into the correct direction of signal with a good profit. I highly recommend people to test it few weeks at least to get a confidence in this system.

Once you trust the method, you can be assured, you will make money with it.

good luck everyone
  • #19,045
  • May 11, 2013 1:38am May 11, 2013 1:38am
Quoting emmanuel7788
{quote} TMS + PASR ... will be leading edge
Emmanual Could not open the file , How to open the file ,
  • #19,046
  • May 11, 2013 6:37am May 11, 2013 6:37am
Quoting Tok
System is not working for me based on the first set of rules. When I enter, price instantly starts to go against me (using H4), and I get out before the loss becomes too great. Any ideas? I'm using the same system/rules as the creator. Am I missing something?
I think, the best way is, when you post a chart.
  • #19,047
  • May 11, 2013 8:58am May 11, 2013 8:58am
Thanks for positive comment Ozforex13, very much appreciated. And thank you to everyone else who's shared about letting the trades work themselves out. One thing I still do is get too excited when a trade appears to go against me initially. I want to close the trade instead of letting the market work. To me, this is focusing on "what if I lose" instead of believing in a system and letting it make a profit for me. It's so easy to focus on the negative. I've seen systems that look like they work 90% of the time, but I tend to focus and emphasize the times it loses more. Not good. Thanks again for the reassuring replies.
  • #19,048
  • May 11, 2013 9:15am May 11, 2013 9:15am
Are most of the successful traders of this method exiting the trades prior to 6am PST as Eelfranz recommends, or are you letting the trades run?

Thank you.
  • #19,049
  • May 11, 2013 9:16am May 11, 2013 9:16am
Quoting Jackub
My motto...! {image} Have nice weekend all of you!
I like it ;-)

Nice weekend to you too!
  • #19,050
  • May 11, 2013 9:18am May 11, 2013 9:18am
Quoting jicssbr
Are most of the successful traders of this method exiting the trades prior to 6am PST as Eelfranz recommends, or are you letting the trades run? Thank you.
For me, i let my trades run.

3 options:
SL or TP or i see any new resistance, then i close my trades.
  • #19,051
  • May 11, 2013 11:52am May 11, 2013 11:52am
Any tips on what I can do during the weekend to give me the best chance of success? Any extra tips regarding this system from the more experienced guys?

I live in AUstralia, so I'll be trading the Asian session. Currencies like AUDJPY, AUDNZD, EURAUD, EURJPY, is this OK to do with this system?

And I should ALWAYS trade with the daily/weekly trend, right? Regardless of if TDI is going below the green line?

So if daily and weekly are in an uptrend, I should ONLY trade the currency when TDI is going above the red line?

Thanks. I want to be prepared for live trading once Monday comes.
  • #19,052
  • May 11, 2013 12:45pm May 11, 2013 12:45pm
Quoting Tok
Any tips on what I can do during the weekend to give me the best chance of success? Any extra tips regarding this system from the more experienced guys? I live in AUstralia, so I'll be trading the Asian session. Currencies like AUDJPY, AUDNZD, EURAUD, EURJPY, is this OK to do with this system? And I should ALWAYS trade with the daily/weekly trend, right? Regardless of if TDI is going below the green line? So if daily and weekly are in an uptrend, I should ONLY trade the currency when TDI is going above the red line? Thanks. I want to be prepared...
I repeat myself for you, show us your old entry's with charts.

Its easier to help, when you show us which entry's you taken.
  • #19,053
  • May 11, 2013 12:52pm May 11, 2013 12:52pm
Quoting Jackub
My motto...! {image} Have nice weekend all of you!
or........
Attached Image
The More You Learn, The More You Earn.....
  • #19,054
  • May 11, 2013 12:57pm May 11, 2013 12:57pm
Quoting Fame of me
{quote} I repeat myself for you, show us your old entry's with charts. Its easier to help, when you show us which entry's you taken.
I'm just asking in general.

Also, do I have to wait for a new 4H candle to enter a trade, or just focus on the TDI?
  • #19,055
  • May 11, 2013 2:41pm May 11, 2013 2:41pm
Quoting Tok
{quote} I'm just asking in general. Also, do I have to wait for a new 4H candle to enter a trade, or just focus on the TDI?
Maybe, my problem is right now, that english is not my mothertounge.

You need a closed candle to get a quality signal from TDI.

Look on you chart, look to the TDI after a H4 candle has closed.
When you see a cross on the TDI look to the stoch to confirm the direction.

That the hard explain way.

BUT the cross has to be on the CLOSED candle. Its really important.

Example:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 11.05.2013 , 17_29_51.png Size: 20 KB


All what is in front of the printed candle (vertical line) will not change anymore on the tdi. All what is behind on the printed candle (vertical line) will change with the move from the candle.
So, you see on this example that we have no valid cross on the ready printed candle.

Now i show you a valid signal for ME:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 11.05.2013 , 17_36_45.png Size: 22 KB


This is my way to trade TMS.
And just the 1# or 2# candle.

I hope you understand what i try to explain. When not, sorry to waste your time
  • #19,056
  • May 11, 2013 3:54pm May 11, 2013 3:54pm
Here are a few indicators I found that seem to help very much with this system. They are volume indicators. One is more detailed than the other and not sure which is more accurate.
Attached File(s)
File Type: mq4 Buyers and Sellers.mq4   2 KB | 604 downloads
File Type: mq4 BvS v3.mq4   25 KB | 635 downloads
  • #19,057
  • May 11, 2013 4:02pm May 11, 2013 4:02pm
Quoting eaglefaith7
Here are a few indicators I found that seem to help very much with this system. They are volume indicators. One is more detailed than the other and not sure which is more accurate. {file} {file}

I dont think that we need any other indicators on TMS.
Big E love it to trade it easy and clean.

Thats my mine.
  • #19,058
  • May 11, 2013 4:25pm May 11, 2013 4:25pm
Really I should have not called these indicators because all they do is show you the number of buyers and sellers in each time frame as the market is moving.
  • #19,059
  • May 11, 2013 4:28pm May 11, 2013 4:28pm
Quoting Fame of me
{quote} Maybe, my problem is right now, that english is not my mothertounge. You need a closed candle to get a quality signal from TDI. Look on you chart, look to the TDI after a H4 candle has closed. When you see a cross on the TDI look to the stoch to confirm the direction. That the hard explain way. BUT the cross has to be on the CLOSED candle. Its really important. Example: {image} All what is in front of the printed candle (vertical line) will not change anymore on the tdi. All what is behind on the printed candle (vertical line) will change...
You did a great job at explaining. Thank you very much!
  • #19,060
  • May 11, 2013 4:35pm May 11, 2013 4:35pm
Quoting Tok
{quote} You did a great job at explaining. Thank you very much!
You're very welcome.
Ask what ever you want to know.
73 traders viewing now, 2 are registered:
smarttang
,
shertiger