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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

  • #23,481
  • Aug 16, 2013 8:32pm Aug 16, 2013 8:32pm
Quoting jcvmw
This is a free E Book from Dean Malone the inventor of the TDI. {image}
jcvmw,

Excellent pdf attachment.
This will help many who still have not understood the TDI in greater depth.
Thank you very much.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,482
  • Aug 16, 2013 8:37pm Aug 16, 2013 8:37pm
Quoting Fx-optimus
Hi Emmanuel The market is ranging. Are there any trades you have entered and presently running? If so can you please post them with chart to understand. Thanks. Fx..
Fx-optimus,

It is Friday and I usually do not open new 4H swing trades on Fridays because I do not like to hold trades over the weekend.
Many of you already spotted that market is ranging pretty much sideways for most pairs, that only make sense to go lower timeframe and scalp for few pips.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,483
  • Aug 16, 2013 9:49pm Aug 16, 2013 9:49pm
Quoting SergFx
{quote} Hello, Adam, How do you rate A+ setups, A++ and A+++ setups? Maybe its all on the surface in this thread, but i am curious of your vision. Thx.

SergFX,

There is no A+ or A++ setups. ...

I coined that A+++ trade setup thing. .. to mean PASR and TMS to give higher probability trade setups, and you build your edge trading using proven money management, risk management, position sizing, R-Muitlple trade management, Multiple Entries / Multlple Exits as components of the your own trading system.
The other trading system component is the trader being part of the success equation. The trader' mental fitness is the biggest of all the other components.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,484
  • Aug 16, 2013 10:27pm Aug 16, 2013 10:27pm
Quoting Oaktree
Hi, I see a Bearish Outside Bar 'BEOB' on the EU H4. Normaly a sell sign. {image}
On a Friday it is more than likely profit taking before close of market. Watch for Market Open and see where PA heads after the initial gap, or wait until volume picks up at LO.
"To live with Passion, it takes Courage and Grace to survive"
  • #23,485
  • Aug 17, 2013 12:47am Aug 17, 2013 12:47am
Quoting Erol
{quote} Hi FXPP, Your nearly there...but its not daily TDI you should look at for trend bias....PA might be a good idea as TDI is a lagging indicator (price has already given us much of the info before we see a TDI cross...TDI can be there to add confluence to our decisions to enter. What will give you a higher win ratio...well a little hint....develop your system. See my previous post with the Van Tharp pdf. But i presume this isn't what your looking for as an answer to your question so here it goes.... As Emmanuel has so often said in this thread...
Erol,

Thank you for the detailed response. I had read VanTharp's Trade Your way to financial freedom years ago. I think I will re-read it and his other books soon.

Do you have any suggestions for me as to how do I pick up PASR?

FxPP

Edit: Erol, Nevermind !! I found your 3 pdf's for PASR. Had already downloaded them, but they had slipped my mind . Thank you for your efforts !!
  • #23,486
  • Aug 17, 2013 12:51am Aug 17, 2013 12:51am
Quoting Erol
{quote} see post number 17851

I think its very wise to point to other original post rather than re-posting an attachment as it reduces redundancy and confusion .

-- FxPP
  • #23,487
  • Aug 17, 2013 12:55am Aug 17, 2013 12:55am
Quoting FxProPlayer
{quote} Erol, Thank you for the detailed response. I had read VanTharp's Trade Your way to financial freedom years ago. I think I will re-read it and his other books soon. Do you have any suggestions for me as to how do I pick up PASR? FxPP
Hi FXPP,

Try this link http://www.stratsforextrading.com/

or search strats pasr on this FF.

I found it very helpful when I started to learn PASR

Regards

Adam
  • #23,488
  • Aug 17, 2013 1:59am Aug 17, 2013 1:59am
Quoting Phx62
{quote} ... Roll your chart back a little and look at the candles on the last long move up.....try to see any differences in the candles and in the TDI......you will see that very few of the larger candles have wicks at both ends.........
Phx62,

I blv you are referring to the upmove attached in my post. When you say larger candles do you mean just the blue ones or the red ones as well.


If you mean just the blue ones, then where should be a safe entry and exit for a long? Also if there are large red candles without wicks shouldnt that be a deterrent from taking a long position?

I am just trying to see what you saw in that chart. Hope my question is clear enough, if not I will rephrase.

Thanks,
FxPP
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  • #23,489
  • Aug 17, 2013 2:33am Aug 17, 2013 2:33am
Quoting emmanuel7788
{quote} gsbharaj, The answer is NO. The shift in the MA is a parameter on its own. http://www.investopedia.com/terms/d/...ingaverage.asp Following all your posts, I suggest you go back to babypips.com School of Pipsology and revise all the topics taught and have a solid grounding first. http://www.babypips.com/school/eleme...ving-averages/
Thank you. I have gone to the course of babypips once. Looks like its time to go there once more.

Just want to know that how to add ema 200 withe zero shift.....and should it be applied to close?
Come tomorrow, I'll wake up new
  • #23,490
  • Aug 17, 2013 2:35am Aug 17, 2013 2:35am
Quoting Downunder
{quote} Hey Emmanuel Last time I was on here i was reading you had left and thought... i hope this thread now stay on the track you have helped to steer for so long.. just logged in and first message I read are comments on indicators totally irrelevant to the TMS... Great to see you here Emmanual, if only occasionally, ... AND people, please, please, stay on the "simple" TMS trading path that the late and well respected trader "Eelfranz" started many moons ago... its a valuable thread.... Thanks Emmanuel ...
+1 to that !!
  • #23,491
  • Aug 17, 2013 2:41am Aug 17, 2013 2:41am
I would like to share some of my recent discoveries on my own psyche, i hope it makes sense.

The past three weeks demo trading tms i discovered that how big my risk is and how much the monetary value of my pips will play on my psychology once i had entered a trade.

So now i think that it will be easier to think of my risk apettite in terms of the cold hard cash instead of percentages.

i opened a $1000 dollar account on oanda-demo just for tms around maybe 2 or 3 or so weeks ago. It is still in profit of around 12% despite my recent losses.

i have recently realized that it would be easier for me to think that i must not lose $20 per trade. That means that i could only afford a 20 pip stop for 0.1 lot, a 40 pip stop on 0.05lots and a 200 pip stop on 0.01 lot. Now it's easier to compute my risks, and stop losses. I could increase it more or less to discover and test in the coming weeks if my psyche is ready to trade on higher values.

I also realize that I must get used to the emotions of wins and losses on a my pip/dollar value. Only then could i learn to trade stress free as big e once called it.

Trading Stress entered when my psychology isn't used yet on the emotions of trading in my recent chosen dollar or monetary value per pip. For example, when i entered 0.3 lots i discovered that i was stressed and monitored the trade per minute it was open. I closed trades fast and didnt allow them to run. When i entered 0.1 lot on a trade, i still monitored them but not closely. So i am thinking that my psyche for now maybe is only ready to trade in 0.1 lots to scalp, 0.05 lots for intraday, or 0.01 lots for position long term trades.

Trading tms makes my trading decision easy on the entry. But managing the trades have been hard on my psyche as fear and greed frequently took over. I discovered that most of it was really because of my chosen dollar/pip value.

I thank the seniors of this thread for keeping this valuable thread alive. It has been a fun learning experience learning from you guys the past few weeks.

Enjoy your week end.
  • #23,492
  • Edited 4:47am Aug 17, 2013 3:55am | Edited 4:47am
I've red about 100 pages af this thead from 1st page
the late eelfrand explain the charts very simple and just try to use TMS method! and it was very Pleasurable to learn this method.

but now when i look at the new posts, see that many other thing such as pivots, pa, ema, and many other thing are using and now i think that this thraed is going to be a complicated thraed as other methods are!!

first i see this thraed i was very greedy to learn a simple system that does't need to any extra method! but now ....
  • #23,493
  • Aug 17, 2013 5:12am Aug 17, 2013 5:12am
Quoting farhad10
I've red about 100 pages af this thead from 1st page the late eelfrand explain the charts very simple and just try to use TMS method! and it was very Pleasurable to learn this method. but now when i look at the new posts, see that many other thing such as pivots, pa, ema, and many other thing are using and now i think that this thraed is going to be a complicated thraed as other methods are!! first i see this thraed i was very greedy to learn a simple system that does't need to any extra method! but now ....
Farhad,

There is no reason why you cant just read what big e put and trade as he did, you don't have to apply anything else to make it work.
All the other things of which you speak are also helpful tools in our tool box which if used correctly give us confluence in our trading decisions.
Don't lose heart when I first started emmanuel confused the hell out of me but now I have spent the time to learn, all what he has said makes sense and is invaluable to my trading performance.
This is a simple system just trade it as the big man laid out. When you are ready try learning just one new thing a week so that you don't get over whelmed, and see if it can help you be more successful or even help you keep out of bad trades.
  • #23,494
  • Aug 17, 2013 5:33am Aug 17, 2013 5:33am
Hi,

I had a GU H4 trade I would like to share.
Reasoning for enter
1. TTF trend bullish
2. HTF trend bullish
3. Bullish TDI cross between 32 and 68
4. Price at previous significant level (green rectangle)
5. Completion af an ABCD pattern.

My first TP was just below the latest high and RN 1.55500, TP2 was set at about the completion of the CD leg and RN 1.56500

Emmanuel mentioned in his reply to my post, that there are 3 types of market: trending and sideways wide ranging and narrow ranging.
My quiestion is, what are the criteria() for deciding what is the current type of the market (some EMA, ADX) I think, the last week's range compared to the 100 and 52 weeks range shows the volatility not the trending.

regards,
thrax
Attached Image (click to enlarge)
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  • #23,495
  • Aug 17, 2013 5:59am Aug 17, 2013 5:59am
Quoting farhad10
I've red about 100 pages af this thead from 1st page the late eelfrand explain the charts very simple and just try to use TMS method! and it was very Pleasurable to learn this method. but now when i look at the new posts, see that many other thing such as pivots, pa, ema, and many other thing are using and now i think that this thraed is going to be a complicated thraed as other methods are!! first i see this thraed i was very greedy to learn a simple system that does't need to any extra method! but now ....
farhad,

I think you are just frustrated. learning is tough. Big E thought it was a simple system, and it is. But you should remember that the thread originator had several years of experience and chart time, I think that just looking at the chart it would have been clear to him why price is acting that way and he would have acted upon it.

it's like this... reading is very easy, isn't it? But do you remember when you were very young you thought reading was a painful task, because you exerted a lot of effort just to read a sentence or two. learning to read charts with price action, support resistance and everything takes time. don't lose hope.

having said that, if you read the posts, the method is still the same. it's just that other traders use other guides like trend lines, pivots, fibs to set profit targets and help in decision making.

again don't lose hope.
  • #23,496
  • Aug 17, 2013 7:01am Aug 17, 2013 7:01am
Quoting Phx62
{quote} LO refers to the opening of the London session.....LO = London Open..... .
Hi Phx62

Thanks for your reply. Now I am getting clarity on various aspects of TMS. In fact I had all the pairs opened in H4 and placed orders on TDI crosses above 68 or below 32. I got couple of trades hitting my tp at 100 pips. But many trades retraced after having moved to little over 50 pips. From now on I will be focussed. I find that you are using the THV Cave Manager ea to manage your manual orders. I downloaded the pdf file from the only attachment of yours found in this thread. However, the caveManager ea file is not found anywhere in the paperclips. Is that sharable? If so can you please. I am testing TDI in Basket Trading on H1/H4. Finding it very effective. Thanks a lot.

FxOptimu$
  • #23,497
  • Aug 17, 2013 7:13am Aug 17, 2013 7:13am
Quoting thrax
Hi, I had a GU H4 trade I would like to share. Reasoning for enter 1. TTF trend bullish 2. HTF trend bullish 3. Bullish TDI cross between 32 and 68 4. Price at previous significant level (green rectangle) 5. Completion af an ABCD pattern. My first TP was just below the latest high and RN 1.55500, TP2 was set at about the completion of the CD leg and RN 1.56500 Emmanuel mentioned in his reply to my post, that there are 3 types of market: trending and sideways wide ranging and narrow ranging. My quiestion is, what are the criteria() for deciding what...
Market Type:
We all know that market is sideways more often than it is trending. There is no way for us to tell when market will start trending or when it will be sideways.
Since we are trtading TMS with the TDI, the TDI is a good indicator to use to help us in our trade planning and trade decisions.
Once you know and understand the TDI characteristics - the three line PL Green, TSL Red line and MBL Yellow line are all moving avergaes of the RSI period (13). The VB Blue Band show your the market price volatility, all in relation to the period 34.

I have posted several times on channeling technique used in 4H swing trading.
Here is one post 19,613where I explain the use of the TDi and how we can draw price channels to trade.

Unfortunately I do not have the time to post trade example using channeling technique again but I will try.

What you all can do is to use the Forum search and type "channeling'" when you are in this thread and all my post with the word "channeling" will show up in a summary. Study those posts.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,498
  • Aug 17, 2013 7:20am Aug 17, 2013 7:20am
Quoting farhad10
I've red about 100 pages af this thead from 1st page the late eelfrand explain the charts very simple and just try to use TMS method! and it was very Pleasurable to learn this method. but now when i look at the new posts, see that many other thing such as pivots, pa, ema, and many other thing are using and now i think that this thraed is going to be a complicated thraed as other methods are!! first i see this thraed i was very greedy to learn a simple system that does't need to any extra method! but now ....
farhad10,

The crux of this TMs is all in one post #261.

Price Action, Support and Resistance mentioned and are part of this simple trading method.

You can trade every TDI cross in H4 but you need to have the experience and skills to read PA and indentify Support and Resistance on your charts. That takes time to developed.

regards,
EMMANUEL
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,499
  • Aug 17, 2013 7:35am Aug 17, 2013 7:35am
spelling ...

use FF search "channeling" and also "channelling"
Attached Image (click to enlarge)
Click to Enlarge Name: FF search channelling.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,500
  • Aug 17, 2013 7:40am Aug 17, 2013 7:40am
Quoting emmanuel7788
Ultimate Technical Analysis Handbook: here is a good study material by Jeffrey Kennedy .... the channelling technique is mentioned in there amongst other good stuff. Don't just read it. Study it and turn them into ideas how you would trade with them...with TMS. {image}
here download this pdf
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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