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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #30,101
  • Jan 30, 2014 7:10am Jan 30, 2014 7:10am
Quoting Nellycopter
totally relaxed, no bun fight here .... just feel sorry for new people coming along trying to follow and learn.... believe me if you try and follow every comment and read every post you will wonder why your not learning anything... no offence meant to anyone, as i sit here watching another video and relate what he is saying on to a live chart,....... sorry if i offended anyone...
Having a look at the few pdfs in this thread is more than enough in my opinion. Like Redfan said, each to their own. I spent more time backtesting than reading posts and it seemed to do me more good than bad. Videos can be good, I guess... In the end it's the same thing as reading posts - the theoretical aspect, guidelines. Watching the vids just takes less time.
  • #30,102
  • Jan 30, 2014 7:13am Jan 30, 2014 7:13am
what colour is your wheelbarrow Emmanuelle ?? you have never told us that ...
  • #30,103
  • Jan 30, 2014 7:15am Jan 30, 2014 7:15am
Quoting Direwolf
When I first discovered this thread I liked it so much I kept reading for 100's of pages. It was fairly simple. And I remember wanting to check out more recent posts. I skipped to the newest page 1000+ something and I was shocked haha. Charts had grown quite complicating. And like most newbies I guess, I read PDF of Phx's trade and was very very overwhelmed by the amount of things he consider when he trades. In my view, it was all due to my own inexperience After I took my time away from this thread, almost 6 months, to sit down and learn the...

Direwolf:

You have found your way forward. That's good to read this and this is a honest and encouraging post. It takes time to achive the level of Phx62 and you obviously did take the time and work on it yourself.

Johnathan Fox is good priace action trader and I learne a few things from his website.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,104
  • Jan 30, 2014 7:18am Jan 30, 2014 7:18am
Quoting Nellycopter
what colour is your wheelbarrow Emmanuelle ?? you have never told us that ...

I have not need for a wheelbarrow.
That's a joke to even mention the wheelbarrow.


Keep working on your beliefs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,105
  • Jan 30, 2014 7:21am Jan 30, 2014 7:21am
Quoting Nellycopter
i would have expected no less a comment from you at all Emmanuel, i don't think anyone could keep up with the amount of posts you put up and the way you swap and change the look of your chart each time, i was for a laugh going to count how many times you made the comment - who wants this indicator, who wants this that or the other - what are we ten years old ??? how are people are suppose to learn anything from you when you don't seem to have any consistency is beyond me !! oh sorry .... I though i read Big E, originally said take your time - he...
I have been 'lurking' for some time and this is the first time I have been sorely disappointed in the content. Everyone has to read what the others - more experienced usually - have to say and decide whether it is for them. The greater majority of the posts here have been informative, open and encouraging - I don't think this - above comment - belongs here.
  • #30,106
  • Jan 30, 2014 7:21am Jan 30, 2014 7:21am
Quoting emmanuel7788
GU very strong down move. need to break below 1.6450 historical ... Where will you place your final TP?

GU:

you saw that price pullabck from 1.6450...
we are in the last few days of this month.
just keep your eyes on this MN candle close.
then next month February we shall plan our trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,107
  • Jan 30, 2014 7:28am Jan 30, 2014 7:28am
What a nice setup on EURAUD ...
Dreaming ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-30 14.15 EURAUD GMT+1.png Size: 173 KB
fxFox (all times in my charts are GMT+1)
  • #30,108
  • Jan 30, 2014 7:32am Jan 30, 2014 7:32am
Yeahhhh,

Just what PHX did, the chart is so simple but it takes a lot of considerations and confluence just to make 1 trade.
  • #30,109
  • Jan 30, 2014 7:36am Jan 30, 2014 7:36am
Nellycopter
Quote
i would have expected no less a comment from you at all Emmanuel, i don't think anyone could keep up with the amount of posts you put up and the way you swap and change the look of your chart each time,
i was for a laugh going to count how many times you made the comment -
who wants this indicator,
who wants this that or the other -
what are we ten years old ???
how are people are suppose to learn anything from you when you don't seem to have any consistency is beyond me !!

oh sorry .... I though i read Big E, originally said take your time...

Honestly, I couldn't agree more. Too much information being offered. Help and some valuable insights, but information overload. Simple may not be the answer, but simpler is.
  • #30,110
  • Jan 30, 2014 7:37am Jan 30, 2014 7:37am
Quoting fxFox.mb
What a nice setup on EURAUD ... Dreaming ... {image}

yup, agree that obvious chart pattern we see.
H1 shows consolidation and a master candle at previous day high.
H4 show a nice 3-bar reversal on my GMT000 chart. Your chart shows a H4 IB with breakout with TDI confirmation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,111
  • Jan 30, 2014 7:42am Jan 30, 2014 7:42am
Quoting Nellycopter
totally relaxed, no bun fight here .... just feel sorry for new people coming along trying to follow and learn.... believe me if you try and follow every comment and read every post you will wonder why your not learning anything... no offence meant to anyone, as i sit here watching another video and relate what he is saying on to a live chart,....... sorry if i offended anyone... now for another 20,000 posts off subject thanking Emmanuel ,
Nellycopter,

keep it simple is different from easy, even Phx uses indicators beside TMS, check daily range, yesterday high....., his trades may look naked simple but if you ask him about any trade he would place more than 3-4 reasons each one of them comes from pure experience and long hours of back testing forward testing, non of them were watching Videos and that's it !
with do all respect to everyone, no one obligates you to read any post or to follow a special user, at least you have a someone to guide you for free and you should be thankful for that instead promoting for his site through youtube or so ever.
Emmanuel asks and discuss many questions to everyone to teach them for free or to pay who were learning from free from FF and other places, just think about this
getting you back to here after you watched these videos confirms what is useful for any new learning trader.
  • #30,112
  • Jan 30, 2014 7:50am Jan 30, 2014 7:50am
Quoting Prepared
Nellycopter {quote} Honestly, I couldn't agree more. Too much information being offered. Help and some valuable insights, but information overload. Simple may not be the answer, but simpler is.
I'm sorry if I come off wrong, but this is a business. You can't afford to be lazy, you have to invest a lot of your time in learning. Nothing will be offered to you on a silver plate. First you have to gather enough information, then you have to filter it. It's not easy, I give you that, it will take a while. But it's not supposed to be. Nobody will give you his golden goose for absolutely free, and what's being offered here is already a lot. You can't expect to have someone do it entirely in lieu of you though.

Since phx is such a rolemodel, why do you assume that he took any shortcuts? He had the exact same start as we all did. There was the same information available to him that is available to us. He says it in almost every post of his... There's no secret behind being as good a trader as he is, he just put in thousands of hours into it... Read, tested and read some more. Found his method and it looks like child's play, but if you haven't gone through what he has, it's pretty hard.
  • #30,113
  • Jan 30, 2014 8:09am Jan 30, 2014 8:09am
WDays
Quote
I'm sorry if I come off wrong, but this is a business. You can't afford to be lazy, you have to invest a lot of your time in learning. Nothing will be offered to you on a silver plate. First you have to gather enough information, then you have to filter it. It's not easy, I give you that, it will take a while. But it's not supposed to be. Nobody will give you his golden goose for absolutely free, and what's being offered here is already a lot. You can't expect to have someone do it entirely in lieu of you though.

Since phx is such a rolemodel,...

Well said. I know he did not take any shortcuts. My point is just that - it took a lot of filtering to keep the few simple concepts he currently uses for his consistency and profitability. Even more relevant, he did not or has not introduced any information, indicators or concepts that deviate significantly from Big E's first post. That's the take away - he has perfected the TMS system by keeping it simple as intended and merely making a few adjustments to suit his trading style and personality. There are a tremendous number of posts that do just the opposite by clouding the information on Page 1.
  • #30,114
  • Jan 30, 2014 8:59am Jan 30, 2014 8:59am
Well, this pic says it.

Attached Image (click to enlarge)
Click to Enlarge Name: einstein1.png Size: 211 KB


Now for those who believe it can be simple or simpler, go back and read all the 463 posts by eelfranz.
Pick out his posts where he mentioned PA and Supp/Res. Figure out yourself, what are those PA and Supp/Res on his posts and those charts attached.
Then figure out what type of trade eelfranz was and his money management. Remember, he said: "TDI is King". But many of us have deviated from that belief and we believe 'Price Action is King' when we trade H1 timeframe.

Good Trading ahead.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,115
  • Jan 30, 2014 9:08am Jan 30, 2014 9:08am
Thanks Emmanuel. If I remember correctly it was you who pointed me to Phx's file. Thank you for that too

A bit of a problem I have here is that LO happens around 3PM my time and I'm still at work. I really wish I could be in front of my chart during that time so I can properly demo London market. At this rate I'm not gaining much confidence lol.

The time I can sit down and train is in the morning during JPY market. The result isn't as consistent as I'd like.
Everything you can imagine, is real - Pablo Picasso
  • #30,116
  • Jan 30, 2014 9:58am Jan 30, 2014 9:58am
Quoting emmanuel7788
{quote} I suggest to install the complete MT4 in the C: root directory and not in the Program Files folder. Windows User Access Control UAC switched on make it not easy to look for files.
I am already running it on win8 so I suggested what I have done actually his query was not clear.
  • #30,117
  • Jan 30, 2014 12:00pm Jan 30, 2014 12:00pm
Nothing ventured nothing gained,
what do you have to loose to go take a peek at some free vids, and learn the more you watch !
no one actually said anything about not learning the forex basics.
but trust me new people you will learn a lot quicker from Rick and the vids than you will from doctor google on here !!

are you now the owner of TMS Emmanuel, and no one else can make any comment, suggestion without your permission.
Oh master of every subject.

  • #30,118
  • Jan 30, 2014 12:08pm Jan 30, 2014 12:08pm
emmanuell7788
Quote
Now for those who believe it can be simple or simpler, go back and read all the 463 posts by eelfranz.
Pick out his posts where he mentioned PA and Supp/Res. Figure out yourself, what are those PA and Supp/Res on his posts and those charts attached.
Then figure out what type of trade eelfranz was and his money management. Remember, he said: "TDI is King". But many of us have deviated from that belief and we believe 'Price Action is King' when we trade H1 timeframe.

He said TDI is King within the frame work of Price Action and Market Structure. So your belief is not much of a deviation.

Furthermore, no one said knowledge, work and money management were not involved beyond a simple system, but there is such a thing as too much information.

If price action is king (and I agree with you) then why all of the indicators uploaded in this thread to figure out if the market is going up, down or sideways?

It just doesn't have to be that complicated. The TDI alone is very sufficient along with Price Action and Market Structure understanding.
  • #30,119
  • Jan 30, 2014 12:30pm Jan 30, 2014 12:30pm
Quoting Nellycopter
Nothing ventured nothing gained, what do you have to loose to go take a peek at some free vids, and learn the more you watch ! no one actually said anything about not learning the forex basics. but trust me new people you will learn a lot quicker from Rick and the vids than you will from doctor google on here !! are you now the owner of TMS Emmanuel, and no one else can make any comment, suggestion without your permission. Oh master of every subject.
Nelly, thanks for your posts, i for one will definitely be looking at those vids, i will also still keep learning from Emmanuel and his excellent posts, i don`t read all of them so there lies the trick, take what you need.
Emmanuel`s input is amazing on this thread and i for one would be sorry if he stopped contributing, long may this thread continue!
  • #30,120
  • Jan 30, 2014 1:34pm Jan 30, 2014 1:34pm
Quoting Prepared
emmanuell7788 {quote} He said TDI is King within the frame work of Price Action and Market Structure. So your belief is not much of a deviation. Furthermore, no one said knowledge, work and money management were not involved beyond a simple system, but there is such a thing as too much information. If price action is king (and I agree with you) then why all of the indicators uploaded in this thread to figure out if the market is going up, down or sideways? It just doesn't have to be that complicated. The TDI alone is very sufficient along with Price...
What are all the other indicators?? The only indicators that keep coming up are ADR, MTF TDI indis and EVENTUALLY a stoch (which was part of the original Big E system). I don't understand what you guys are all on about PA is more than enough to tell if you're in a sideways market, Emmanuel introduced a pretty good meter of that. As for there being too much information, I would refer you to my previous post... It's your job to filter out the useful info that's laying around...
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