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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

  • #26,261
  • Oct 13, 2013 8:32am Oct 13, 2013 8:32am
Now, if you add the guppy system to the chart you can find the trend.
You'll have alot less whipsaws and better trades.

snarlyjack
Attached Image (click to enlarge)
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  • #26,262
  • Oct 13, 2013 8:35am Oct 13, 2013 8:35am
Ok,

The chart is getting better. At least you can find the trend.
Eelfranz would exit on the hook of the tdi.

snarlyjack
  • #26,263
  • Oct 13, 2013 8:38am Oct 13, 2013 8:38am
But we can made it better.

We can get some other exit targets.

Bollinger bands 50/2 and round numbers, will help us.

Check it out.

snarlyjack
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  • #26,264
  • Oct 13, 2013 8:44am Oct 13, 2013 8:44am
Ok...this is the exact same system, only with some minor
adjustments. (bollinger bands & round numbers as targets).

Now you know the trend. And you have some additional exit targets.
It's a safer way to trade. You're trading with the trend. You can see
where you are in the market. Imho, better system.

See how price goes towards the round numbers and bollinger bands.

snarlyjack
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  • #26,265
  • Oct 13, 2013 8:49am Oct 13, 2013 8:49am
Ok, that is the basic system. These minor changes will help you.

If you want to get it fancy, add a fib retracement and drill down.

snarlyjack
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  • #26,266
  • Oct 13, 2013 8:53am Oct 13, 2013 8:53am
Ok,

You have just seen the 4 hour chart.

Now, let's take a look at the eur/usd 1 hour & 15 minute chart.

snarlyjack
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Click to Enlarge Name: eurusdmh1.png Size: 69 KB
  • #26,267
  • Oct 13, 2013 8:56am Oct 13, 2013 8:56am
And for you scalper's a 5 minute chart.

snarlyjack
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  • #26,268
  • Oct 13, 2013 9:04am Oct 13, 2013 9:04am
So what I just showed you is tms with just 3 little things that you
can add to the very basic system that imho makes things much
easier and more profitable.

1). round numbers
2). bollinger bands
3). guppy moving averages

5 ema close blue Short term trend
8 ''
10''
12''
15''

30 ema close red Long term trend
35 "
40"
45"
50"
55"
60"

Now you have much better control and you know where you are in the market.
These have been used for years.

snarlyjack
  • #26,269
  • Oct 13, 2013 9:11am Oct 13, 2013 9:11am
Thanks for the improvements to the system Snarlyjack. Can you send me the BRN indicator and the guppy indicator? This looks very promising.
  • #26,270
  • Oct 13, 2013 9:20am Oct 13, 2013 9:20am
Ok,

So now we have a very good basic system.

You need to know what type of trader you are?

As Emmanuel pointed out (very wise). Are you a ?

a). position trader
b). swing trader
c). interday trader
d). scalper
e). day trader

What type of trader you are is very, very important. For example, do you sit in front of the
computer all day and monitor it? What is your spread? (cause that will make a hugh difference).

How good of a trader are you really? You need to have a very serious talk with yourself
and really understand what type of a trader you are and can you devote the time to it.

Myself, the L/O is 1:00 a.m. my time. I'am a pretty good trader but I can't stay up
all night trading the market. I keep falling asleep. Well, that makes a difference
on what kind of a trader I'am. So...I've had to go to the 4 hour & daily charts.
That makes a difference on how I look at and trade the markets.

This is a hugh deal! And you must understand your limits and possibilities.

snarlyjack
  • #26,271
  • Oct 13, 2013 9:27am Oct 13, 2013 9:27am
Bgood,

Here are some indicators that I like:

1). real time tdi
2). candle count down
3). round numbers
Attached File(s)
File Type: ex4 TDI_RT.ex4   5 KB | 564 downloads
File Type: ex4 time_to_next_bar.ex4   5 KB | 552 downloads
  • #26,272
  • Oct 13, 2013 9:28am Oct 13, 2013 9:28am
Sorry I hit the wrong button.
Attached File(s)
File Type: ex4 Round Numbers 5 digit.ex4   4 KB | 654 downloads
  • #26,273
  • Oct 13, 2013 9:40am Oct 13, 2013 9:40am
Ok,

Now you have a good basic profitable system. (which is hugh by the way).
It has taken me years to get the trading knowledge of where I'am at today.

I read in another forum that it takes at least 10,000 hours of practice & study
to get fairly good at forex. You know how you eat a elephant don't you,
one bite at a time. The secret is (1) Don't give up. (2) And demo trade
for as long as it takes. (3) Study, then sleep on what you have just learned,
you need to absorb the info deep in your mind.

But as Emmanual said: This is just the tip of the iceberg!

You must know much, much more...

snarlyjack
  • #26,274
  • Oct 13, 2013 9:47am Oct 13, 2013 9:47am
One other thing, Very important!!!

Do not change 1 thing!!!
Do not add or subtract anything!!!
Learn this system as is!!!

Give yourself a break and just learn this 1 system before you
do anything else. Learn to trade and learn to trade this system as is!!!

Please trust me on this...

snarlyjack
  • #26,275
  • Oct 13, 2013 9:55am Oct 13, 2013 9:55am
Quoting snarlyjack
Sorry I hit the wrong button. {file}
Thanks for all your help.
  • #26,276
  • Oct 13, 2013 10:17am Oct 13, 2013 10:17am
Quoting munirpt
{quote} Hi guys, I will be away for some time due to a minor accident that left my hands with plaster and some fractures. i can trade but its not easy to write. i felt this question was so important that i couldnt let it pass due to its importance: emmanuele, thanks for being around. this is how i see it: A - price made LL (trend down) - TDI crossed up, but below MBL (not strong signal) B - price made LH (trend down) - TDI crossed down, but above MBL (not a strong signal) C - price made HL (trend up) - TDI crossed up, above MBL (strong signal) what...
Munirpt,
So sorry to hear about your accident!!!! Here is to a quick recovery with little pain and full use of your hands.
The answer you gave to Emmanuel's question is golden.....newbies, take that answer and analyse it carefully....backtest and forward test the principles that Munir pointed out. What he described is the key to this TMS system!!! He explained how to use price action and the TDI to enter successful trades.
Hang in there Munirpt.......
  • #26,277
  • Oct 13, 2013 10:20am Oct 13, 2013 10:20am
Bgood,

Your welcome.

I told Eelfranz that when I was ready I would help as many people
as I could. Eelfranz helped me and I'am trying to return the favor.

It took me a long time (at least, if not more, than 10,000 hours)
of study to get myself ready to help others. I've had to study tms,
plus I wanted to look at other systems and get a good feel for everything.

Of all the system out their and I've tried alot of them. Believe it or not
this system that I just posted is 1 of the best if not the best.

But...you still have to learn how to trade it. If I were you I would zero
in on it and not get distracted by any other systems or anything else.
Zero in on it like a lazor...

snarlyjack
  • #26,278
  • Oct 13, 2013 10:34am Oct 13, 2013 10:34am
Quoting snarlyjack
Bgood, Your welcome. I told Eelfranz that when I was ready I would help as many people as I could. Eelfranz helped me and I'am trying to return the favor. It took me a long time (at least, if not more, than 10,000 hours) of study to get myself ready to help others. I've had to study tms, plus I wanted to look at other systems and get a good feel for everything. Of all the system out their and I've tried alot of them. Believe it or not this system that I just posted is 1 of the best if not the best. But...you still have to learn how to trade it....
Hi snarly,

i sent you a pm Have some questions about TMS.

Need some help from your knowledge

Thanks
Baoky
Trading is something special.
  • #26,279
  • Oct 13, 2013 10:40am Oct 13, 2013 10:40am
Quoting snarlyjack
Bgood, Your welcome. I told Eelfranz that when I was ready I would help as many people as I could. Eelfranz helped me and I'am trying to return the favor. It took me a long time (at least, if not more, than 10,000 hours) of study to get myself ready to help others. I've had to study tms, plus I wanted to look at other systems and get a good feel for everything. Of all the system out their and I've tried alot of them. Believe it or not this system that I just posted is 1 of the best if not the best. But...you still have to learn how to trade it....
Thanks for the advice and will do!
  • #26,280
  • Oct 13, 2013 11:09am Oct 13, 2013 11:09am
Ok...so let's learn how to trade this system.
If I were you I would...

1). Just stick to the 1 hour chart. Every chart "cycles" differently. Just learn 1 chart at a time.
2). You have to get your emotions under control! Just learning the 1 chart will help you,
get your emotions under control. And learn how that 1 chart cycles.
3). Put your emergency stop very close to the red 30 ema.
4). Take profit, aim for the round numbers or outer bollinger band or a hook of the tdi.
5). You need to practice, practice, practice.
6). Keep it simple. Keep it clean. Practice the Kiss method. Watch how it moves. Everything
is in synergy with everything else.
7). Take trend trades. Learn what trend trading is all about.
8). Learn your own routine. Do the same thing day after day after day

This should get you going in the right direction!

snarlyjack
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