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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #25,901
  • Oct 7, 2013 11:57am Oct 7, 2013 11:57am
Quoting WDays
{quote} glad to read from you
Hey buddy,
Nice to see you and I look forward to reading from you too
.... laughing all the way to the bank
  • #25,902
  • Oct 7, 2013 12:02pm Oct 7, 2013 12:02pm
Quoting munirpt
Advanced Patterns For those who trade advance patterns, we can always combine them with LTF entries using TMS. Here is a Bearish Gartley that might complete on AU 1H {image}
Yes Munir bro, I trade them and am actually learning about them and structures based trading these days, if you look EUR/USD H1 at the moment there's likely to be a BAT pattern developing going for D point, which might give us a good sell off
Attached Image (click to enlarge)
Click to Enlarge Name: Bat.jpg Size: 322 KB
I Have Learned to Take Some Losses to Make Profits
  • #25,903
  • Oct 7, 2013 12:03pm Oct 7, 2013 12:03pm
Quoting Bizzzle
{quote} Nice trade ScorpS.
Thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #25,904
  • Oct 7, 2013 1:01pm Oct 7, 2013 1:01pm
Quoting TheScorpS
{quote} Yes Munir bro, I trade them and am actually learning about them and structures based trading these days, if you look EUR/USD H1 at the moment there's likely to be a BAT pattern developing going for D point, which might give us a good sell off {image}
Hey

Good that you are also trying to find them.
I started learning about Gartley last week. Still dont know the other patterns, but im starting to identify them sowly. lets share what we find here.

Take care and congratulations about the previous trade.
  • #25,905
  • Oct 7, 2013 1:29pm Oct 7, 2013 1:29pm
Quoting munirpt
{quote} Hey Good that you are also trying to find them. I started learning about Gartley last week. Still dont know the other patterns, but im starting to identify them sowly. lets share what we find here. Take care and congratulations about the previous trade.

I believe that we can learn many things about this from Jason Stapleton. He have so many videos on youtube.
  • #25,906
  • Oct 7, 2013 1:35pm Oct 7, 2013 1:35pm
Quoting Flaviu1981
{quote} I believe that we can learn many things about this from Jason Stapleton. He have so many videos on youtube.
Actuallly im learning from his videos... But I will trade it using TMS as my entry trigger. Will not move away from my trading plan and strategy....
  • #25,907
  • Oct 7, 2013 1:49pm Oct 7, 2013 1:49pm
I have been learning these from Jason and Akil for sometimes now, I also am participating in this thread not much tho http://www.forexfactory.com/showthread.php?t=402253 for Mr. Pip and I have been following his rules in identifying these patterns, and reading couple of books at the moment about harmonic trading

Adding harmonic waves to TMS such as ABCD, Gartely, Bat, Butterfly, , Crab and Cypher can give us heads up in identifying market turning point a head..
I Have Learned to Take Some Losses to Make Profits
  • #25,908
  • Oct 7, 2013 2:02pm Oct 7, 2013 2:02pm
Hello,

I want to share with you what I have learned over the years. I've been trading TMS for about 3
years now. What I don't like about TMS is the counter trend moves. They are pretty risky.

I was studying Dean Malone at Compass Fx the inventor of the TDI. Dean Malone has
added to his basic Synergy system that in my opinion really helps the system. He has
added the Guppy system into his Synergy system. He calls it his DOTS system. Dean Malone
is where Eelfranz made the TMS system from. The Guppy system gives you the long term
and short term trend.

The Guppy System is:

5 ema close blue (short term trend)
8 ema blue
10 ema blue
12 ema blue
15 ema blue

30 ema close red (long term trend)
35 ema red
40 ema red
45 ema red
50 ema red
55 ema red
50 ema red

I added the 50-2 Bollinger Bands and round numbers. On the 1 hour chart the outer bollinger bands
serve as a liquidation target. Also the round numbers work as a liquidation target. I have found
this system pretty accurate and profitable. This is my system and how I trade. It is the basic
TMS with a few additions. Please see enclosed chart...

snarlyjack
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpymm15.png Size: 66 KB
  • #25,909
  • Oct 7, 2013 2:13pm Oct 7, 2013 2:13pm
Quoting snarlyjack
Hello, I want to share with you what I have learned over the years. I've been trading TMS for about 3 years now. What I don't like about TMS is the counter trend moves. They are pretty risky. I was studying Dean Malone at Compass Fx the inventor of the TDI. Dean Malone has added to his basic Synergy system that in my opinion really helps the system. He has added the Guppy system into his Synergy system. He calls it his DOTS system. Dean Malone is where Eelfranz made the TMS system from. The Guppy system gives you the long term and short term trend....
Glad to have you here snarlyjack! Having your experience, know-how and contributions will be very important at this stage, now that emannuelle is gone...
  • #25,910
  • Oct 7, 2013 2:15pm Oct 7, 2013 2:15pm
Quoting Haendlerin
{quote} I like these patterns - do you have some mt4 compatible (free available) robot for identify them or are you screening the markets manually to find them?
I do find them manually. Still learning, so have to do the work and train the eye... :-)
  • #25,911
  • Oct 7, 2013 2:19pm Oct 7, 2013 2:19pm
Hello,

Edit

The last red ema is a 60 ema close. So ema blue, 5,8,10,12,15 and ema red 30,35,40,45,50,55,60.
I also added Emmanuals Master Candle Indicator.
I trade this system on all time frames but for me it's mostly on the 15 minute & 1 hour time frames.

The reason I trade the 15 minute tf is cause I live on the west coast of the U.S.A. and the
L/O is 1:00 a.m. my time and I can only stay awake for a couple of hours. Also the N/Y
open I like to get in the market, make my money and get out.

This is a trend system. Both TMS and the Guppy system are designed to identify the trend
Long and short term trends and take advantage of the trends. I trade 4 markets. The 3
Amigo's and the usd/jpy. In those 4 markets usually 1 of them will be in trend mode.
I try to put the odds in my favor. The 1 hour chart is my favorite. Less fakery.

I hope all of this helps someone...I'am trying to give back what Eelfranz taught me...
You will have to watch this set-up and play around with it and get used to it. Please
only demo this system entil you get good at trading it!

snarlyjack
Attached Image (click to enlarge)
Click to Enlarge Name: audusdmh1.png Size: 70 KB
  • #25,912
  • Oct 7, 2013 2:33pm Oct 7, 2013 2:33pm
Munirpt,

Hello...

Thank you for the welcome back.

This is the system that I learned to trade with. I think it is important to keep
this thread going. For all the new traders TMS is a excellent system. Lot's of
people have made money trading this system over the years. You just have
to get used to the markets and how they move (price action) and use the
Tdi for conformation. The guppy system for trend and the round numbers
and bollinger bands for targets. Demo trade it entil you get good and can
feel and see what the market is doing. Practice, Practice, Practice...

snarlyjack
  • #25,913
  • Oct 7, 2013 3:27pm Oct 7, 2013 3:27pm
Quoting snarlyjack
Hello, I want to share with you what I have learned over the years. I've been trading TMS for about 3 years now. What I don't like about TMS is the counter trend moves. They are pretty risky. I was studying Dean Malone at Compass Fx the inventor of the TDI. Dean Malone has added to his basic Synergy system that in my opinion really helps the system. He has added the Guppy system into his Synergy system. He calls it his DOTS system. Dean Malone is where Eelfranz made the TMS system from. The Guppy system gives you the long term and short term trend....
Hi, Snarlyjack, would you be so kind to post your template. Thanks
  • #25,914
  • Oct 7, 2013 3:50pm Oct 7, 2013 3:50pm
Hello,

Enclosed is a copy of my template.

snarlyjack

Sorry, it says: Error your file of 3.5 MB bytes exceeds the forum's limit of 2.0 MB for this filetype.

Any suggestions? But really no big deal, just put in the tdi, bollinger bands 50/2 and the guppy mma's,
with round number (found on the forum).
  • #25,915
  • Oct 7, 2013 4:12pm Oct 7, 2013 4:12pm
Hello,

I should qualify with everyone one other thing!

I have no favorite indicator or system. I have tried lot's of different indicators
and systems. I think their are lot's of systems here in forex factory that
make money.

It all comes down to what you feel comfortable using. At the end of the day,
it's your money. You have to feel very comfortable with the system, understand
it and trust it. I like to get warm fuzzies from the system.

I'am a big believer in Murphy's Law. Which is, whatever can possibly go wrong
probably will. I've taken trades that I thought were great trades and ended up
losing money. But 70-80% of the trades are profitable. You must understand
the system and most important trust it with your hard earned money.

So imho, don't rush anything. Learn the system and Practice, Practice, Practice.
Learn the system TMS with add-ons like the back of your hand. The only way
to really learn a system is to demo trade it entil you are ready. And that goes
for any system.

Remember that Murphy's Law is alive and well...

snarlyjack
  • #25,916
  • Oct 7, 2013 5:59pm Oct 7, 2013 5:59pm
Here for those who want to learn to trade with Dean Malone's D.O.T.S and how he uses the Guppy Multiple Moving Averages, there are some videos you can watch and learn from.

Guppy link

The two Guppy Multiple Moving Averages indicators are attached below. You can open the mql4 codes and change whatever you want.

And also for your interest, a new TDI-Pro is now available. Market conditions is dynamic so the way we trade has to keep up with changing market conditions. But the basic concept of trading with TMS is the same. It is Price Action with the consistent use of Support and Resistance.
Look for consolidation and trade the BREAKOIUT moves.
Look for trend reversal and trade the CONTINUATION moves.
We look for PA using Bar Patterns.
We adopt a consistent and proven way to identify market swing point or levels as support and resistance.
Do not try to pick Tops and Bottoms.
PATIENCE,
WAIT,
PRACTICE PRACTICE PRACTICE

These are what EMMANUEL7788 shared here in this TMS thread and made me and some of you better traders.
Attached File(s)
File Type: mq4 GMMA Short.mq4   2 KB | 833 downloads
File Type: mq4 GMMA Long.mq4   3 KB | 862 downloads
  • #25,917
  • Edited 6:16pm Oct 7, 2013 6:04pm | Edited 6:16pm
Quoting vtayha
GU H1 trade LO 7 Oct: A counter trend trade on H1, with narrow range Asian Tokyo session. Trade exit TP1 60% at +20pips BE 40% {image}
Attached Image


This H1 trade we did yesterday is now converted to a H4 trade.

We may have a resumption of the Uptrend. So we manage and add positions to a full risk % when we get a confirmation.
Those of us in EMMAMNUEL778 ' trading room are in this trade altogether.

Attached Image


There is a H4 Master Candle Breakout see in the chart above.
  • #25,918
  • Oct 7, 2013 6:13pm Oct 7, 2013 6:13pm
Quoting vtayha
Here for those who want to learn to trade with Dean Malone's D.O.T.S and how he uses the Guppy Multiple Moving Averages, there are some videos you can watch and learn from. Guppy link The two Guppy Multiple Moving Averages indicators are attached below. You can open the mql4 codes and change whatever you want. And also for your interest, a new TDI-Pro is now available. Market conditions is dynamic so the way we trade has to keep up with changing market conditions. But the basic concept of trading with TMS...

i think guys you need add 3 more indicators to your charts for better results
  • #25,919
  • Oct 7, 2013 6:42pm Oct 7, 2013 6:42pm
Quoting Bangokar
{quote} i think guys you need add 3 more indicators to your charts for better results
I don't disagree but,
Which 3 indicators and what for?

If there is an indicator which shows you there is CONFLUENCE of the Price trend and the TDI trend, use that.
If there is an indicator which shows you the PA which you want to trade with, use that.
If there is an indicator which shows you the price levels of support and resistance, and where you should manage your trade entries and exits, use that.

Synergy trading had evolved and now there is DOTS which we can trade with in addition to Synergy.
For those who trade the London market session, think of DOTS and make that LOTS.
Sorry to the acronym ... London Open Trading System.

At the end , TMS is leading both Synergy and DOTS.
  • #25,920
  • Oct 7, 2013 6:53pm Oct 7, 2013 6:53pm
Quoting snarlyjack
Hello, I want to share with you what I have learned over the years. I've been trading TMS for about 3 years now. What I don't like about TMS is the counter trend moves. They are pretty risky. I was studying Dean Malone at Compass Fx the inventor of the TDI. Dean Malone has added to his basic Synergy system that in my opinion really helps the system. He has added the Guppy system into his Synergy system. He calls it his DOTS system. Dean Malone is where Eelfranz made the TMS system from. The Guppy system gives you the long term and short term trend....
Ha! I started trading with GMMAs the first system I ever used was one based on those averages, back in the day when I had no idea what I was doing... I read so much about them because it seemed like the first thing to give me an "edge" in forex.
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