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Trading Made Simple

  • #22,181
  • Jul 20, 2013 2:52am Jul 20, 2013 2:52am
Quoting christinaa
I’ve been reading through this thread, and just found out the owner Eelfranz has sadly passed away. It’s good to see the thread has kept on going, but looking through recent posts setups look different to the original rules set by Eelfranz. Is anyone still trading the original system and rules set by Eelfranz?
I trade the 4H swing method and with my own trading experience and chart reading skills I put more weight using PA and Supp/Res to look for A+++ trade setups and entries.
A+++ trades mean higher probability setup and the TDI cross and APB change colour give confidence and confirm my trade entries.

For exits, I don't follow the original exit rules when the TDI goes flat or hook back. I scale out my trades which enables me to ride the trends longer reading the PA using candlestick patterns.

I also incorporate my own money management strategy which allows me to trade with multiple entries and multiple exits ME/ME instead of trading with single entry and single exit. The ME/ME MM strategy is proven to be more effective in longer term trading.

For trade management, I use an automated trade manager EA which eliminates the emotions when I am managing trades.

TMS is a trend trading method. Like all trend trading systems, the trader need to be competent to determine the market trends he/she wants to trade. Different timeframes will show different trend therefore if you intend to trade TMS, you need to decide which timeframe you want to trade.

There are many traders here who trade the H1 timeframe. This H1 trading require good PA reading skills beacause H1 entries are mostly PA based and the TDI cross is only to confirm the PA entry.

For those trading the H4 timeframe, they rely strictly on using TDI cross for entry. But exit management is the challenge for many traders. Many traders place small initial SL when trading H4 timeframe and this is one cause for poor trade results. Exit management skill requires the trader to determine where the technical and logical stop loss should be place on entry and to manage moving stops as trade progress. Position sizing is also necessary when trading larger account size and to prevent over exposure.

Since you are able to distinguish that recent posts differs from the original rules, I assume you are an experienced trader and you know the original rules well. Why not be active on a regular basis going forward.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,182
  • Jul 20, 2013 10:04am Jul 20, 2013 10:04am
Hi All

just a question to ask about S&R im not struggling with it lol well im just not sure which ones are more important for the 4htf,

im using the FXI pivots showing only weekly not daily ( ihave to choose between one or the other with this indicator to have on the chart)

and on the 4hr im feeling the weekly pivots are more suited is my feelings correct and right or should i be looking at both, and another indicator??


once again thanks for this amazing forum and constant feedback..

  • #22,183
  • Jul 20, 2013 1:55pm Jul 20, 2013 1:55pm
Quoting emmanuel7788
{quote} Hi Axiom, The whole thought process for this trade was over several days following EJ day by day since I had 4H swing trade this week. I tried to write these in several progressing posts over several days. 1) I do not use pending order for this trade, especially not for a trade initial entry. Need to see that the support is confirm as base for long. Any entry after that H1 mother candle is risky because the previous 3 H1 candles are consecutive red candle. We need to see this H1 downflow stopped before we buy. 2) For H1 trading, the setup...
Hi Emmanuel
Thank you for your detailed response, as usual.

You referenced the TOK_5H EJ range being above 50 pips.

If i recall correctly, you once wrote that if there is a volatile EU session , and then a consolidating US and TOK session, then you can probably expect the next EU session to be volatile again.

Conversely, if there is a volatile TOK_5H session, then you can probably expect smaller rangebound moves in the following EU session?

Therefore, for EJ:
Prices were volatile EU on Thursday, with a breakout of 131.50. The volatility follwed through into TOK, therefore some consolidation was probable during EU session on Friday. Therefore the decision to scalp on Friday morning in EU session? More particalarly, only longs after support at around 131.50 had been tested and held?

Axiom
  • #22,184
  • Jul 20, 2013 6:10pm Jul 20, 2013 6:10pm
Quoting christinaa
I’ve been reading through this thread, and just found out the owner Eelfranz has sadly passed away. It’s good to see the thread has kept on going, but looking through recent posts setups look different to the original rules set by Eelfranz. Is anyone still trading the original system and rules set by Eelfranz?
A month ago or maybe even longer someone posted that in using the original eelfranz strategy they made xxx(I don't remember the number) pips & 40% added to their account. I PM 2 people in this forum but it wasn't their post - I would love to see it again. Phx pretty much sticks to the original but does look at S/R levels, retracements etc. His one hour trades with accompanying charts are essential viewing. I stick with the original for H4 & H1 setups but use regular candlesticks in a separate chart to look for OBs, PBs, etc., PA giveaways.
  • #22,185
  • Jul 21, 2013 1:14am Jul 21, 2013 1:14am
Quoting piprac
{quote} A month ago or maybe even longer someone posted that in using the original eelfranz strategy they made xxx(I don't remember the number) pips & 40% added to their account. I PM 2 people in this forum but it wasn't their post - I would love to see it again. Phx pretty much sticks to the original but does look at S/R levels, retracements etc. His one hour trades with accompanying charts are essential viewing. I stick with the original for H4 & H1 setups but use regular candlesticks in a separate chart to look for OBs, PBs, etc., PA giveaways....
Hi Piprac

It was me that posted about putting 40% on the account over a one month period using a basic application of BigE's TMS.
That was my best month ever (with any system), I generally make probably 15~25% with it which I'm happy about.
The original basic setup clearly works significantly better on H4 and Daily charts. On analysis of that top month I noted that I'd entered virtually all the trades on H4 and D1 and monitored them closely, my principle trade management is to wait til I'm at +25~50 pips (depending on rate of movement and the pair and S/R levels etc) then follow with a stop loss at the bottom of the previous candle (for a buy trade). I will also watch the next highest time frame and try to 'migrate' the trade to it if things look good. in other words a trade can start on H4 but end up on D1 if things go my way. on the other side I will also move down a timeframe if things start to get sluggish or look as if they are going poorly.

To add a bit of reality, this month my trading has been dreadful, I'm currently at marginal breakeven and have taken every poor trade available and missed every good one.
more analysis shows it's my laziness and chart reading that is the problem not the system. I'm now 'bucking my ideas up' and things are improving again.

Andy.
Don't ask me, I have no idea what's going on.
  • #22,186
  • Jul 21, 2013 1:36am Jul 21, 2013 1:36am
Quoting christinaa
I’ve been reading through this thread, and just found out the owner Eelfranz has sadly passed away. It’s good to see the thread has kept on going, but looking through recent posts setups look different to the original rules set by Eelfranz. Is anyone still trading the original system and rules set by Eelfranz?
Rest In Peace, Eelfranz
  • #22,187
  • Jul 21, 2013 3:15am Jul 21, 2013 3:15am
Quoting Armin2Forex
Hi All just a question to ask about S&R im not struggling with it lol well im just not sure which ones are more important for the 4htf, im using the FXI pivots showing only weekly not daily ( ihave to choose between one or the other with this indicator to have on the chart) and on the 4hr im feeling the weekly pivots are more suited is my feelings correct and right or should i be looking at both, and another indicator?? once again thanks for this amazing forum and constant feedback..
Armin2Forex,

Do you know how the FXI pivots are calcuated?

If your FXi pivot also show in your history chart data (not just the current week), you can do manual back-testing on H4 to see where the H4 TDi crosses occur in history.

To trade H4, I use the Weekly Pivot as I am trading the weekly range. In trending market type, the tendency is for price to move away from the pivot.
The combination use of the TDI and Weekly pivot is useful for 4H swing trading.
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly Pivot.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,188
  • Jul 21, 2013 3:43am Jul 21, 2013 3:43am
Back-testing results:

here is one backtesting looks like with EU H4.
History data Jan to Jun 2013
Entry / Exit using TDI cross
SL 50 pips
TP 50 pips
lot size : 1 std lot
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester_3 xTDI EU H4 50-50tm.gif Size: 10 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,189
  • Jul 21, 2013 4:12am Jul 21, 2013 4:12am
Hello everyone,

This is my first post here, I've been trading(learning) for the past 2 years
This is really a very interesting thread, my only problem is..it is 1110 pages

I read until page 20 and then jumped to here, so my question is, did anything change in the method?
I downloaded the templates and I am following the 5 rules, did anything get changed or added?

Thanks a lot
Best,
  • #22,190
  • Jul 21, 2013 5:46am Jul 21, 2013 5:46am
Multi-Timeframe view of the TDI and Heiken Ashi:

Here is one way to see the TDI and HA of several TF in one chart.

Goto www.pipware.com and download their software suite v7.02 and set up your chart template as shown below.
Attached Image (click to enlarge)
Click to Enlarge Name: pipware tdi ha.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,191
  • Jul 21, 2013 6:11am Jul 21, 2013 6:11am
Back-Test results 2.
Same history data Jan to Jun 2013 EU H4.
This time,
SL 100 pips
TP 100 pips
R:R 1:1
SL move to BE after market move +50 pips.

Lot size : 1 std lot
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester xTDI EU H4 100-100-50.gif Size: 9 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,192
  • Jul 21, 2013 6:20am Jul 21, 2013 6:20am
Back-Test results 3.
Same history data Jan to Jun 2013 EU H4.

This time,
SL 100 pips
TP 100 pips
R:R 1:1

SL move to BE after market move +30 pips.
Lot size : 1 std lot
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester_2 EU xTDI jan to Jun 2013 .gif Size: 9 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,193
  • Jul 21, 2013 6:43am Jul 21, 2013 6:43am
Quoting Divergence
what happened craigs stoc method didnt work?
Hello, eelfranz, I like your post. I m keen to know what ma /ema you used as yellow line, and what t/f, tq
  • #22,194
  • Jul 21, 2013 6:49am Jul 21, 2013 6:49am
Quoting emmanuel7788
Back-testing results: here is one backtesting looks like with EU H4. History data Jan to Jun 2013 Entry / Exit using TDI cross SL 50 pips TP 50 pips lot size : 1 std lot {image}
Helo, I like your post. May I know how you set up your weekly pivots. Is it at the custom indicators? tq
  • #22,195
  • Jul 21, 2013 6:57am Jul 21, 2013 6:57am
Quoting francis3388
{quote} Hello, eelfranz, I like your post. I m keen to know what ma /ema you used as yellow line, and what t/f, tq
Hi Francis3388

I have to very sadly remind that Mr Eelfranz the Big E has passed away several months ago due to heart ailment
  • #22,196
  • Jul 21, 2013 7:10am Jul 21, 2013 7:10am
Quoting francis3388
{quote} Helo, I like your post. May I know how you set up your weekly pivots. Is it at the custom indicators? tq
francis3388,

you are new to TMS.

first you need to learn what are pivot points and how they work.

which timeframe do you trade?

learn pivots here

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,197
  • Jul 21, 2013 10:15am Jul 21, 2013 10:15am
Quoting emmanuel7788
Back-Test results 3. Same history data Jan to Jun 2013 EU H4. This time, SL 100 pips TP 100 pips R:R 1:1 SL move to BE after market move +30 pips. Lot size : 1 std lot {image}
Hi! This method is profitable! Do you know an EA who moves SL to BE after market move 30 pips in our favour?
  • #22,198
  • Jul 21, 2013 11:04am Jul 21, 2013 11:04am
Quoting emmanuel7788
{quote} Armin2Forex, Do you know how the FXI pivots are calcuated? If your FXi pivot also show in your history chart data (not just the current week), you can do manual back-testing on H4 to see where the H4 TDi crosses occur in history. To trade H4, I use the Weekly Pivot as I am trading the weekly range. In trending market type, the tendency is for price to move away from the pivot. The combination use of the TDI and Weekly pivot is useful for 4H swing trading. {image}
Hi Emmanuel,

I am trading H1 most of the time, may I know which Pivots should I use? Weekly Pivot or Daily Pivot?

Is it Pivot similar to Weekly/Daily Fibo?

Regards,
Prominent88
  • #22,199
  • Jul 21, 2013 11:32am Jul 21, 2013 11:32am
Quoting emmanuel7788
Back-Test results 3. Same history data Jan to Jun 2013 EU H4. This time, SL 100 pips TP 100 pips R:R 1:1 SL move to BE after market move +30 pips. Lot size : 1 std lot {image}
hello emmanuel, i couldn't open/download the tester.tpl file. tried to backtest. but it didn't work.

by the way, i am new at this forum, but studying hard to learn TMS (every day more than 5-6 hours) . i have read many pages of this thread and pdf's of phx62 en emmanuel. i know i have to work hard the coming months to understand en master this method. but i have the impression that this 'simple' system might be the solution to my trading. go on with your teaching. thanks.
  • #22,200
  • Jul 21, 2013 2:39pm Jul 21, 2013 2:39pm
Thanks Emmanuel7788

For the analysis very interesting... ye thanks for the FXI pivot tip, weekly too grb same as the master

I read you use IBFX broker have you ever tried there own daily and weekly pivot indicators??


Thanks
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