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RSS (Ridiculously Simple System)

  • #21
  • Jul 13, 2013 2:26am Jul 13, 2013 2:26am
Quoting Drewas
{quote} There must be something of value there then for there to be so many posts, no?
No.
If a system works and the rules are clearly laid out, there is nothing left to post.
  • #22
  • Jul 13, 2013 6:58am Jul 13, 2013 6:58am
Quoting billbss
{quote} No. If a system works and the rules are clearly laid out, there is nothing left to post.
Amen to that! 90% of the posts are complete dribble with most asking the OP to spoon feed them on every possible trade. As billbss posted, if the rules are clear there is absolutely no reason for a thread to contain 21,000 posts.

On another note to Drewas - it would be so helpful for those of us learning your system if, in the future, when you post a pic of a trade please eliminate prior to posting it your private indicators. It'll make it so much easier for us to compare our potential trades based on the accessible indicators you are using. Thanx ever so much!
  • #23
  • Jul 13, 2013 7:32pm Jul 13, 2013 7:32pm
Hi Guys, i have dipped in and out of TMS, I haven't really got to grips with it to be honest.

I have been looking on the "TMS for Daily charts" which may suit me better, I have found a summary of posts from an important and respected person, BIG E,
special thanks to the person who compiled it all.....
hope you find it helpful.

Should be attached here, ( go easy with me as this is my first uploaded file,..)



Attached File(s)
File Type: pdf Trading Made Simple BigE (Eric)'s posts.pdf   1.8 MB | 5,109 downloads
Onwards and upwards...
  • #24
  • Jul 13, 2013 11:33pm Jul 13, 2013 11:33pm
I cannot find the abp indicator.
  • #25
  • Jul 14, 2013 12:36am Jul 14, 2013 12:36am
Quoting dj083
I cannot find the abp indicator.

You can get the indicator here

http://www.forexfactory.com/showthre...05#post4569705
Never Say Die
  • #26
  • Jul 14, 2013 1:15am Jul 14, 2013 1:15am
Indicators and a template are on the first post.
We're all just one trade away from humility.
  • #27
  • Jul 14, 2013 1:34am Jul 14, 2013 1:34am
Quoting soccerfan
Hi Guys, i have dipped in and out of TMS, I haven't really got to grips with it to be honest. I have been looking on the "TMS for Daily charts" which may suit me better, I have found a summary of posts from an important and respected person, BIG E, special thanks to the person who compiled it all..... hope you find it helpful. Should be attached here, ( go easy with me as this is my first uploaded file,..) {image}
I was exactly the same soccerfan.

If you search you will see my posts in various systems here and elsewhere but kept on coming back to the Trading Made Simple method.

Eventually realised that I needed to make the TMS method my own and concentrated solely on that system, but needed a less discretional and slightly earlier entry and that's why I use the Semafore indicator and MACD for entry and TDI cross for confirmation.

Choose the method that makes the most sense to you add or remove whatever works and practice, practice and practice your method until you can do it without hesitation or conflict.
We're all just one trade away from humility.
  • #28
  • Jul 14, 2013 1:54am Jul 14, 2013 1:54am
Thanks for the info, DREWAS, i shall stick with your RSS next week in addition to another simple(ish) system that I follow.

I shall keep a journal and note the trades on my trade explorer for all to see, a few charts posted will be helpful to others, I believe,

Thanks for starting this thread....cheers S
Onwards and upwards...
  • #29
  • Jul 14, 2013 1:58am Jul 14, 2013 1:58am
drewas thanks for posting this system. i am having some success with TMS for day charts.

i have a full time day job, do you think this is feasible on daily charts? also you mentioned you trade this around a day job, can i ask what timeframe and trading sessions you use?

many thanks
  • #30
  • Edited 5:55am Jul 14, 2013 5:17am | Edited 5:55am
Quoting blamshakk
drewas thanks for posting this system. i am having some success with TMS for day charts. i have a full time day job, do you think this is feasible on daily charts? also you mentioned you trade this around a day job, can i ask what timeframe and trading sessions you use? many thanks
Sure why not I normally trade 1HR and occasionally 4HR.

Seems would work just as well on Days charts, just need to adjust stop losses, take profits and calculate your risk accordingly. Below you had the potential for some 800 pips just on two trades.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd day.jpg Size: 310 KB



Notice how after a dot with a sun around it how price continues through the 0 level on MACD through to a new peak. Look back on any pair any time frame it does this all the time.

Easy see dot enter, if TDI has just crossed or is crossing stay in trade you will make pips. If price bounces off TDI and/or price goes against you get out (you will lose some trades).

Stay in trade until a) you hit take profit (40 - 100 pips on 1HR EUR/USD) and/or b) a new dot forms (a new dot will almost always appear in the opposite direction of the last) and/or c) red news is imminent and/or d) Green TDI hooks over and/or e) MACD stalls or slope goes in other direction.

Those two trades had the potential for around 800 pips. Of course I am not saying you would have got that but it is achievable to have taken a slice of the pips on offer with hard work patience and practice.
We're all just one trade away from humility.
  • #31
  • Jul 14, 2013 5:58am Jul 14, 2013 5:58am
I trade London session 8am for me to USA close. I trade 1HR, and sometimes 4HR.

My favourites pairs EUR/USD, AUD/USD, GBP/USD and EUR/JPY. I choose which pair to trade on which have the lowest spreads and the highest ADR (Average Daily Range) unless I see an A+++ setup.

Sometimes I trade out of those hours but only if I see an A+++ setup ie a Semaphore dot with a sun as illustrated above .I cant always check the charts so some days I don't trade at all.
We're all just one trade away from humility.
  • #32
  • Jul 14, 2013 6:03am Jul 14, 2013 6:03am
Theres a thousand (probably more) systems here on Forex Factory and some of them are awesome.

So this is an attempt to give something back and hope that some people find it of benefit.
We're all just one trade away from humility.
  • #33
  • Jul 14, 2013 7:37am Jul 14, 2013 7:37am
I like your level-headed tone Drewas, it makes a refreshing change
I have a question - do you look for an entry when you see a sun or a basic dot? Thanks.
  • #34
  • Edited 9:06am Jul 14, 2013 8:35am | Edited 9:06am
Quoting treguard
I like your level-headed tone Drewas, it makes a refreshing change I have a question - do you look for an entry when you see a sun or a basic dot? Thanks.
Cheers treguard. I view it like a league table with the dots.


Attached Image



Warning! Do not use the dots on their own, I use TDI cross, MACD and/or price action for confirmation.
We're all just one trade away from humility.
  • #35
  • Jul 14, 2013 12:07pm Jul 14, 2013 12:07pm
That's a nice graphic to reference. Thanks for that! I hope to try out your mix of indicators next week.
  • #36
  • Jul 14, 2013 12:19pm Jul 14, 2013 12:19pm
You could trade between suns. Or the peaks of MACD once sun has formed and price has broken the 0.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy week.JPG Size: 461 KB


Higher the peak the better.

Truth is no one knows where price is going next indicators and experience can just increase our odds of making pips.
We're all just one trade away from humility.
  • #37
  • Jul 14, 2013 6:35pm Jul 14, 2013 6:35pm
im trying to load this template on achart as in post1 after installing all the indicators but it keeps crashing multiple broker demos i have tried it on - anybody else having similar experiences?

any advice drewas?

thanks
  • #38
  • Jul 14, 2013 11:23pm Jul 14, 2013 11:23pm
Hi Drewas, would you be happy to share the source code for the #4X Semaphor alert? I would be interested in seeing it. Happy if you want to keep this to yourself.
  • #39
  • Jul 15, 2013 12:35am Jul 15, 2013 12:35am
Quoting blamshakk
im trying to load this template on achart as in post1 after installing all the indicators but it keeps crashing multiple broker demos i have tried it on - anybody else having similar experiences? any advice drewas? thanks
Hi I sometimes have a problem with the xADR indicator crashing my MT4. Try loading everything but that indicator.

Not sure why that should be just does sometimes. Perhaps someone out there knows?
We're all just one trade away from humility.
  • #40
  • Edited 1:19am Jul 15, 2013 12:46am | Edited 1:19am
Quoting blamshakk
im trying to load this template on achart as in post1 after installing all the indicators but it keeps crashing multiple broker demos i have tried it on - anybody else having similar experiences? any advice drewas? thanks
Try this template without the adr indicator let me know if this works ok.

Attached File(s)
File Type: tpl rss no adx.tpl   350 KB | 646 downloads
We're all just one trade away from humility.
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