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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

  • #26,821
  • Oct 23, 2013 10:42am Oct 23, 2013 10:42am
One possibility for the GBPJPY: -

Interesting to see the close on D candle to confirm cross!

http://charts.mql5.com/2/840/gbpjpy-...trader-ltd.png
http://charts.mql5.com/2/840/gbpjpy-...ader-ltd-2.png

OR.....

http://charts.mql5.com/2/841/gbpjpy-...trader-ltd.png

Any opinions on the beast?
  • #26,822
  • Oct 23, 2013 11:54am Oct 23, 2013 11:54am
A little history on the system,

I think Eelfranz found this system almost by accident.

Eelfranz was trading with the Craig Harris method of stochastic's.
He somehow landed on Dean Malone tdi system, and started using
the tdi indicator.

But one more problem existed. Eelfranz was from Portland, Or.
and the L/O is 1:00 a.m. in the morning. So before he went to
sleep he would put on a trade on the 4 hour chart and check the
chart every 4 hours. Low and behold it was a pip maker.

Who would have guessed that!!! He shared the system with forex factory.
I picked right up on it cause being from Montana, Eelfranz & I only
had a 1 hour difference between us. So the system was born and
off and running.

Since I've been trading tms what I can say is hundreds of people have
tried the system. And I'am pretty sure it has changed the way "lot's"
of people trade and look at the market's.

I think it's a great system. You have to demo trade it and get
used to how it moves. I love this system, it has been my main
system for about 3 years now. I learn more about the system
and how it moves everyday. Everyday it is different. I've never
been bored with it.

My main advice would be don't be "rigid" with the system. Move and
flow with it. Their are lot's of possibilities you just have to know
where you are in the market. As you learn more and more I
think you will really like this system.

sj
  • #26,823
  • Oct 23, 2013 11:55am Oct 23, 2013 11:55am
Quoting Phx62
{quote} If I were only looking at price and candle patterns like the blue Frankfurt pinbar (as you described), I might agree that a short trade was in order following LO on Monday. But if you analyse further you can see some things that are not in agreement with a short trade. Take a look at the TDI. Where is the yellow Market Base Line? Where is the green RSI Price Line? Where is the red Trade Signal line? Are these lines above or below the 50 line and is the TDI trending up, down or sideways? Is price trending up, down or sideways? What I saw,...

Thanks a lot!!!

Your detailed explanations help a lot to understand the mental process...
  • #26,824
  • Oct 23, 2013 12:08pm Oct 23, 2013 12:08pm
FxFox,

I thought you asked some great questions.

Continuation of the move. No one knows how deep
a move will continue.

To make counter trades like that. You must first know
exactly where you are in the market. Then if you think
it's really going to break down put in your short trade,
but I would keep a fairly tight stop. No one knows how
long the market will continue in that direction... It's
a pretty good way to scalp the market but you gotta
watch it.

Once you know where you are in the market, then the
possibilities are limitless. This system will show you exactly
where you are in the market. That's what makes it nice.
It's like a map...

sj
  • #26,825
  • Oct 23, 2013 12:13pm Oct 23, 2013 12:13pm
Anybody looking for the perfect partner for TMS then have a read of this PDF on Price Action.

Just found it in my Forex folder and thought it may benefit someone.

Attached File(s)
File Type: pdf STRATS PASR.pdf   2.2 MB | 2,022 downloads
  • #26,826
  • Oct 23, 2013 12:36pm Oct 23, 2013 12:36pm
thanks for that history snarlyjack - absolutely fascinating to hear these glimpses into the genesis of this legendary system

thanks for the continued support for us with the system also

Quoting snarlyjack
A little history on the system, I think Eelfranz found this system almost by accident. Eelfranz was trading with the Craig Harris method of stochastic's. He somehow landed on Dean Malone tdi system, and started using the tdi indicator. But one more problem existed. Eelfranz was from Portland, Or. and the L/O is 1:00 a.m. in the morning. So before he went to sleep he would put on a trade on the 4 hour chart and check the chart every 4 hours. Low and behold it was a pip maker. Who would have guessed that!!! He shared the system with forex factory....
  • #26,827
  • Oct 23, 2013 2:29pm Oct 23, 2013 2:29pm
Adamjhdavis,

That was a great pdf file (Strats Psar). Thank you for posting it!

I would suggest that everyone reads it... it is that good!

Thank You Adam...

sj
  • #26,828
  • Oct 23, 2013 2:50pm Oct 23, 2013 2:50pm
No problem SJ I really enjoyed re reading it as it's good to keep everything fresh until it is truly unconscious competence.

Here's my PA view of GU at the minute, any predictions for GU over next few days?.....

http://charts.mql5.com/2/843/gbpusd-...trader-ltd.png
  • #26,829
  • Oct 23, 2013 3:02pm Oct 23, 2013 3:02pm
If anybody else uses candle sticks along with APB then I have another PDF book that would be a good read, just let me know.
  • #26,830
  • Oct 23, 2013 4:33pm Oct 23, 2013 4:33pm
Quoting adamjhdavis
Any opinions on the beast?
GJ has pulled back to the 23.6 fib level.

Once Asia opens we could see another push down.

My 4hr trade stops are at breakeven now targeting around 1.55!

Just my thoughts. Best of luck
Attached Image (click to enlarge)
Click to Enlarge Name: GJ possible.png Size: 28 KB
Give yourself a chance and trade it like it's layed out...
  • #26,831
  • Oct 23, 2013 6:19pm Oct 23, 2013 6:19pm
Quoting adamjhdavis
Anybody looking for the perfect partner for TMS then have a read of this PDF on Price Action. Just found it in my Forex folder and thought it may benefit someone. {image}

Hi Lads,

Following on from adams post here is the full set of pdf's I compiled on PASR (Price Action Support & Resistance), some summary pdfs on Emmanuel's posts. All these were posted in August. These can be found using the paper clip function in the thread (top right hand corner of the page). The handbook is curtosy of Emmanuel's posts earlier this year on waves, channels, divergence, etc.

Attached File(s)
File Type: zip Basic PASR.zip   6.1 MB | 1,627 downloads


Attached File(s)
File Type: rar Emmanuel Posts Summaries.rar   5.5 MB | 1,795 downloads


Attached File(s)
File Type: pdf ultimate-tech-analysis-handbook (1).pdf   3.8 MB | 1,754 downloads


Attached File(s)
File Type: pdf Systems & Trading Fundamentals_Van Tharp.pdf   721 KB | 3,173 downloads


Erol
  • #26,832
  • Oct 23, 2013 7:17pm Oct 23, 2013 7:17pm
thats great many thanks Erol

Quoting Erol
{quote} Hi Lads, Following on from adams post here is the full set of pdf's I compiled on PASR (Price Action Support & Resistance), some summary pdfs on Emmanuel's posts. All these were posted in August. These can be found using the paper clip function in the thread (top right hand corner of the page). The handbook is curtosy of Emmanuel's posts earlier this year on waves, channels, divergence, etc. {file} {file} {image} {image} Erol
  • #26,833
  • Oct 23, 2013 10:48pm Oct 23, 2013 10:48pm
Quoting Erol
{quote} Hi Lads, Following on from adams post here is the full set of pdf's I compiled on PASR (Price Action Support & Resistance), some summary pdfs on Emmanuel's posts. All these were posted in August. These can be found using the paper clip function in the thread (top right hand corner of the page). The handbook is curtosy of Emmanuel's posts earlier this year on waves, channels, divergence, etc. {file} {file} {image} {image} Erol

Great stuff.

Thanks Adam & Erol
  • #26,834
  • Oct 24, 2013 12:13am Oct 24, 2013 12:13am
3 drives completion on EUR/CAD
Attached Image (click to enlarge)
Click to Enlarge Name: 11.jpg Size: 331 KB
I Have Learned to Take Some Losses to Make Profits
  • #26,835
  • Oct 24, 2013 1:02am Oct 24, 2013 1:02am
Good morning (afternoon, evening) everyone.

Erol,
I read all your pdf's and I thought they were great.
Everyone should read those pdf's, lot's of good info their.

Thanks for posting them.

sj

P.S. A lot of good pdf's were posted and they are all great!
  • #26,836
  • Oct 24, 2013 1:20am Oct 24, 2013 1:20am
I'll show you how I look at a chart.

First I look at the weekly for a long term viiew.
Then I look at the daily for a intermediate term look.
Then I look at the 4 hour for a shorter look
I keep drilling down to the 1 hour.

I look at everything, and go hmmm, what do I think?

I hope this helps you, just showing how I do it. Everyone is different.
sj
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdmweekly.png Size: 86 KB
Click to Enlarge Name: eurusdmdaily.png Size: 78 KB
Click to Enlarge Name: eurusdmh4.png Size: 69 KB
Click to Enlarge Name: eurusdmh1.png Size: 66 KB
  • #26,837
  • Oct 24, 2013 1:39am Oct 24, 2013 1:39am
Quoting Erol
{quote} Hi Lads, Following on from adams post here is the full set of pdf's I compiled on PASR (Price Action Support & Resistance), some summary pdfs on Emmanuel's posts. All these were posted in August. These can be found using the paper clip function in the thread (top right hand corner of the page). The handbook is curtosy of Emmanuel's posts earlier this year on waves, channels, divergence, etc. {file} {file} {image} {image} Erol
thanks for the book!
  • #26,838
  • Oct 24, 2013 2:03am Oct 24, 2013 2:03am
Quoting adamjhdavis
Anybody looking for the perfect partner for TMS then have a read of this PDF on Price Action. Just found it in my Forex folder and thought it may benefit someone. {image}
Thanks!
  • #26,839
  • Oct 24, 2013 2:05am Oct 24, 2013 2:05am
i try buy eurAud at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.jpg Size: 363 KB
  • #26,840
  • Edited 2:57am Oct 24, 2013 2:31am | Edited 2:57am
Hi @imperatorfr

What target do you expect for this trade - a short amount of pips or a longer term move?

I see diverging pictures on H4 (TDI cross to the downside) and H1 (TDI-cross to the updside)

(sorry cannot currently post any picture. It says always my quota does exceed. Perhaps because of to young memberstatus)

fxFox.mb

EDIT: Now with picture - thanks ff for fast reaction.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-24 09.15 GMT+2 EURAUD.png Size: 223 KB
fxFox (all times in my charts are GMT+1)
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