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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #36,001
  • Apr 15, 2014 3:23pm Apr 15, 2014 3:23pm
Quoting Pipabix
{quote} i know ders no need to say this, but just in case you dont have to use that broker, just download the package that gives u the times u need. basically, if Big E used FXDD, then so should people following. or a package that gives new candle at 06 10 14 18 22 02 london time
Quite a few of us would like to see basic TMS trades on this thread, that is trades using the TDI indicator without all the additional bull**** but on any timeframe.
Forcing people to trade a certain way or not show their trades at all, is as bad in my opinion as Emmanuel not wanting people to trade that way!

Bizzle has been arguing for a long while on this thread about the fact there is no need for anything apart from PA, s/r and the TDI and went out of his way to prove it to Emmanuel, which I think he has done very successfully by sticking rigidly to Eelfranz's way of trading from page 1, but he didn't set out I'm sure of it to force that onto everyone else.
  • #36,002
  • Apr 15, 2014 3:24pm Apr 15, 2014 3:24pm
[quote=jimmynoodles;7408265]{quote}" Examples are EURAUD, GBPAUD and GOLD especially"
Jimmynoodles
Great insight on trading different pairs at different time. Remember if you get married to one pair sooner or later
you will get divorce or loose it all.
Have a great day
  • #36,003
  • Apr 15, 2014 3:34pm Apr 15, 2014 3:34pm
Hi All

I am a newbie in every sense, new to fx, new to ff and new to TMS. While reading the first 140 pages I have learned so much and am excited about actually trading this method. Having read the last 15 or so pages I am dismayed that so many posters only use Eric's(Eelfranz) method as a core of their trading approach. Unless his attitude changed post page 140, much of what is now posted should not be on this thread. Eric was adamant that his method should be discussed here without any add ons. He encouraged traders to make his method their own, but insisted that any variations be curtailed to pm's or taken elsewhere.

It is incumbent on all posters to respect the wishes of Eric and refrain from polluting this thread with 'enhancements' to his method. I look forward to the encouragement of long term followers of TMS, guiding the future success of all who wish to use this no bells and whistles trading method.

Now I will return to lurking and learning.
  • #36,004
  • Apr 15, 2014 3:35pm Apr 15, 2014 3:35pm
Quoting lastingwell
{quote}Forcing people to trade a certain way or not show their trades at all, is as bad in my opinion as Emmanuel not wanting people to trade that way!

i agree what ur saying,

but why hog this thread,

how can people learn if everyone is doing something differently.
wouldnt work if ye all were in school.

TMS thread should be about trading the tms way.

i know it wont happen. and same thing happens every thread/
  • #36,005
  • Apr 15, 2014 3:39pm Apr 15, 2014 3:39pm
Quoting Pipabix
{quote} i agree what ur saying, but why hog this thread, how can people learn if everyone is doing something differently. wouldnt work if ye all were in school. TMS thread should be about trading the tms way. i know it wont happen. and same thing happens every thread/
The point is to learn to trade simply, thats the title of the thread. Eelfranz traded and showed his trades on many different timeframes, but always trading it simply, his whole ethos. If I put a 15min timeframe up on the thread with the tdi and didn't tell you its m15 you wouldn't know which timeframe it was I was showing and you would still learn as much!
  • #36,006
  • Apr 15, 2014 3:41pm Apr 15, 2014 3:41pm
Quoting GilR
{quote} Where was the short Entry?
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1.png Size: 180 KB


I believe my mistakes for taking this trade were
1. I should have let the 2nd candle close before taking the trade
2. The MBL is coming back from 32 and slightly turning up
3. I usually take entries when green is under red under yellow(MBL) for short and when green is above red above MBL for buy


Overall, bad trade but its all part of forex trading. Any suggestions ?
Regards
  • #36,007
  • Apr 15, 2014 3:42pm Apr 15, 2014 3:42pm
Quoting MrAussieFX
Already lost 40 pips to EG yesterday Regards
Hey MrAussie,

Thanks for posting your charts and sorry about the loss :-(

I do the same - have made some mistakes when pressurised between work and family time. Trying to act too fast has cost me many a time.

Please can you tell me which ADR indi you are using?

Thanks!
  • #36,008
  • Apr 15, 2014 3:47pm Apr 15, 2014 3:47pm
Quoting MrAussieFX
{quote} {image} I believe my mistakes for taking this trade were 1. I should have let the 2nd candle close before taking the trade 2. The MBL is coming back from 32 and slightly turning up 3. I usually take entries when green is under red under yellow(MBL) for short and when green is above red above MBL for buy Overall, bad trade but its all part of forex trading. Any suggestions ? Regards
Good critical analysis of your own trade.... For me, your 1&3 reasons (within the scope of TMS) are what I see.
Pip what you see; See what you pip!
  • #36,009
  • Apr 15, 2014 3:56pm Apr 15, 2014 3:56pm
Quoting Pipabix
{quote} i agree what ur saying, but why hog this thread, how can people learn if everyone is doing something differently. wouldnt work if ye all were in school. TMS thread should be about trading the tms way. i know it wont happen. and same thing happens every thread/

did big E not make a comment this work on any time frame (TMS)
so if everyone is following the TMS rules what does it matter what time farm it is ,
can anyone put their finger on this comment from Eelfranz ???
  • #36,010
  • Apr 15, 2014 3:58pm Apr 15, 2014 3:58pm
Quoting gavman
{quote} Hey MrAussie, Thanks for posting your charts and sorry about the loss :-( I do the same - have made some mistakes when pressurised between work and family time. Trying to act too fast has cost me many a time. Please can you tell me which ADR indi you are using? Thanks!
Here you go
Attached File(s)
File Type: ex4 Average Daily Range Pro Calculator.ex4   62 KB | 565 downloads

Attached File(s)
File Type: mq4 Average Daily Range Pro Calculator.mq4   27 KB | 670 downloads


Regards
  • #36,011
  • Apr 15, 2014 3:58pm Apr 15, 2014 3:58pm
Quoting Nellycopter
{quote} did big E not make a comment this work on any time frame (TMS) so if everyone is following the TMS rules what does it matter what time farm it is , can anyone put their finger on this comment from Eelfranz ???
These 3 posts are just from doing a search of Eelfranz's images in posts and scrolling half way down the first page, just to give a taster. I have read Eelfranz's posts in full, Bizzle has and a lot of others have to really get to grips with the whole trading made simple philosophy.

http://www.forexfactory.com/showthre...10#post4800310
http://www.forexfactory.com/showthre...07#post4772507
http://www.forexfactory.com/showthre...80#post4772480
  • #36,012
  • Apr 15, 2014 4:00pm Apr 15, 2014 4:00pm
Quoting Bizzzle
Trading the 4 hour as seen on page one: 6am: AU- +22 pips AJ- +27 pips 10am: EG- +5 pips UC- -1 pips EJ - -14 pips all close at 2 pm London time Total = +39 pips for the day and +13 pips = +52 pips for the week checking my computer 3 times a day Best of luck P.s closed them all 5 mins early as had to pop out {image}
Thanks for posting your charts Bizzzle - very helpful to see how simple the original TMS can be!
  • #36,013
  • Apr 15, 2014 4:08pm Apr 15, 2014 4:08pm
xau usd close manually 2R (280 pips)
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 44 KB
  • #36,014
  • Apr 15, 2014 4:09pm Apr 15, 2014 4:09pm
Quoting Bizzzle
Trading the 4 hour as seen on page one: 6am: AU- +22 pips AJ- +27 pips 10am: EG- +5 pips UC- -1 pips EJ - -14 pips all close at 2 pm London time Total = +39 pips for the day and +13 pips = +52 pips for the week checking my computer 3 times a day Best of luck P.s closed them all 5 mins early as had to pop out {image}

Thanks for posting your charts

It helps so much!
Lets Make Some Money
  • #36,015
  • Apr 15, 2014 4:10pm Apr 15, 2014 4:10pm
A new trading day and this is how I like to start each day.
Trading requires traders to cultivate patience. Trading decisions are best made under composure and calmness.
This poem made into a video is my start of day.

Enjoy and pick up the finer points to be better person.


Inserted Video


Have a Good trading day ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,016
  • Apr 15, 2014 4:16pm Apr 15, 2014 4:16pm
Quoting emmanuel7788
A new trading day and this is how I like to start each day. Trading requires traders to cultivate patience. Trading decisions are best made under composure and calmness. This poem made into a video is my start of day. Enjoy and pick up the finer points to be better person. https://www.youtube.com/watch?v=JdNwa-g_Uu8 Have a Good trading day ahead.
Good grief!! Now I've seen it all.
  • #36,017
  • Apr 15, 2014 4:16pm Apr 15, 2014 4:16pm
Quoting MrAussieFX
{quote} {image} I believe my mistakes for taking this trade were 1. I should have let the 2nd candle close before taking the trade 2. The MBL is coming back from 32 and slightly turning up 3. I usually take entries when green is under red under yellow(MBL) for short and when green is above red above MBL for buy Overall, bad trade but its all part of forex trading. Any suggestions ? Regards
Hello! It was a nice enter, which matched to TMS rules, but no one can knows the future! A lot of messages here were about exits - if deal goes not your way, just leave it. And find another one. Just in a few hours there was new great set-up, which could bring about 50-70 pips. I have noticed that Phx62, while trading this pair, watching LO candle. And then watching for it's breakout + TDI signal. So in your situation entry candle didn't brake the low of the LO candle! That could be a signal not to enter. That really works on EA. Just watch yesterdays chart. Or last week. That really works.
  • #36,018
  • Apr 15, 2014 4:17pm Apr 15, 2014 4:17pm
EURUSD and GBPAUD trades closed.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 Week 16 trade closed.png Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week16 H4 trade clsoed.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,019
  • Apr 15, 2014 4:29pm Apr 15, 2014 4:29pm
Quoting Nellycopter
was the H4 chart swings bigger back when this thread started making that time frame more lucrative ? there are still people trading the H4 but the pip value doesn't seem to be filling the wheel barrow as much - Bizzle has gone back to the original and although is still showing positive pips at the end of the week, doesn't seem to be as much as Big e was bagging, could it be the time the candle is posted now days, there is the saying the market can only go up down or sideways - how come most trades taken now do all three of these things soon as you...
What could be more rewarding than making money by mistake - awesome!
  • #36,020
  • Apr 15, 2014 4:31pm Apr 15, 2014 4:31pm
Quoting MrAussieFX
{quote} {image} I believe my mistakes for taking this trade were 1. I should have let the 2nd candle close before taking the trade 2. The MBL is coming back from 32 and slightly turning up 3. I usually take entries when green is under red under yellow(MBL) for short and when green is above red above MBL for buy Overall, bad trade but its all part of forex trading. Any suggestions ? Regards
Also bear in mind this is retracement trade, following EA doing its daily range.
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