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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

  • #37,801
  • May 23, 2014 10:16am May 23, 2014 10:16am
Quoting akwunomy
{quote} Well said...I also see sometimes that some of us sell into strong support or buy into strong resistance just because TDI tell us to do so...That remind of a song I used to play called Zombie O Zombie...The artist is talking about the military...they just act like zombie...they take order whether good or bad...Like obey the last order...and so and so...but trading shouldn't be like that...There are variables and every setup or trade is unique...we got to respect those uniqueness and take an edge presented by TDI to refine our trades and do...
Hi akwunomy,

Everything about TMS 5-Method is summarized in post #261 by Big E.
http://www.forexfactory.com/showthre...16#post4575616
That's where I focus my development in trading this 5-Method.

Have A Good Weekend.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,802
  • May 23, 2014 4:54pm May 23, 2014 4:54pm
Im enter positions only first HA
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  • #37,803
  • May 23, 2014 5:56pm May 23, 2014 5:56pm
Quoting Gokay
Im enter positions only first HA {image} {image} {image} {image} {image} {image} {image} {image} {image}
How do you enter at first candle, if your indicators are just forming the signal? As i understand, they confirm their cross only after candle close, right?
  • #37,804
  • May 23, 2014 6:26pm May 23, 2014 6:26pm
The first candle signals
the second candle opening entry position..
  • #37,805
  • May 23, 2014 6:39pm May 23, 2014 6:39pm
Quoting toledoFX
{quote} How do you enter at first candle, if your indicators are just forming the signal? As i understand, they confirm their cross only after candle close, right?
If I get a strong angle on a pre signal candle I take it. That makes the buy/sell on the first candle and more gained pips. Eelfranz talked about taking some early, not sure if this is what he meant.
  • #37,806
  • May 23, 2014 10:08pm May 23, 2014 10:08pm
Quoting dforant1
{quote} If I get a strong angle on a pre signal candle I take it. That makes the buy/sell on the first candle and more gained pips. Eelfranz talked about taking some early, not sure if this is what he meant.
That's correct. Eelfranz entry is aggressive and he knows exaclty when to enter the market using Candle#1.
He showed lots of examples in this thread.
For all the newcomers to this TMS thread, please take his advice in his post#336 below.

Quoting eelfranz
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...
The link to the CHS thread is here:
http://www.forexfactory.com/showthre...21#post4420721
It is page 184 post #3676.

It is weekend, so more reading up of eelfranz' old posts and learn.

Have a Good Weekend.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,807
  • May 23, 2014 10:20pm May 23, 2014 10:20pm
Quoting Gokay
The first candle signals the second candle opening entry position..
Gokay,
I like your charts posted above. The setup candle are all good when things line up nicely including the VSA PVA candle.
Thanks!

regard,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,808
  • May 23, 2014 10:44pm May 23, 2014 10:44pm
Quoting emmanuel7788
{quote} Gokay, I like your charts posted above. The setup candle are all good when things line up nicely including the VSA PVA candle. Thanks! regard, EMMANUEL
You're welcome
I'm glad to hear it
I hope would be really good for everyone
I'm still learning from you
thank you Emmanuel
for sharing your helpful...

regard,
  • #37,809
  • May 24, 2014 3:03am May 24, 2014 3:03am
Hi E 778 I have been back testing and and practicing the TMS method but what I have seen is whenever there is a TDI cross on higher time frame suppose on D there would have been a cross on h4 two to three candles before and similar is the case on H4 and H1 so what should we do, stick to just one time frame or what. Please if u could explain it .
Trying to learn with TMS community.
Thanks
  • #37,810
  • May 24, 2014 6:49pm May 24, 2014 6:49pm
Quoting hiddengiant
Hi E 778 I have been back testing and and practicing the TMS method but what I have seen is whenever there is a TDI cross on higher time frame suppose on D there would have been a cross on h4 two to three candles before and similar is the case on H4 and H1 so what should we do, stick to just one time frame or what. Please if u could explain it . Trying to learn with TMS community. Thanks

Hello hiddengiant,

Your name reminds me of another member by the name HiddenGap. a VSA expert.

Anyway, you are correct to say that most time when we see a D chart TMS setup candle, the H4 already ran several candles. This is more so when the D chart setup occur at a significant support or resistance and the high probability of a reversal is there.
Another member posted a D chart setup in the USDJPY pair on Thursday 22May.
Using the USDJPY pair as example, we saw a D chart Setup candle on 22May and that happen at a very recent support and that D chart price pullback from support created a D Pin Bar follow with a TMS D chart Set-up candle#1.

Please see the triple screen charts below where I wrote my comments to explain what I see.

We can apply this triple screen technique on any currency pair and using three timeframes we trade.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY D chart TMS setup candle.png Size: 113 KB


Usually when trading the setups on D charts, I always look for rectracment entries. The Fib38/50 entry is one of my favourite intraday entry for D chart trading. It allows smaller initial SL hence I can have bigger position size.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,811
  • May 24, 2014 6:56pm May 24, 2014 6:56pm
Quoting tryding90
Hi everyone! I'm new, I'm trying to learn the method. for example I think that usdyen could be a good entry long from the 2nd blue candle. I'm wrong? any suggest? {image}

Hi tryding90,

Yes, that is a valid D chart TMS 5-Method setup. There is also a major support. Zoom out of your chart and you will see a support which was tested before that D Pin Bar occur.
See my post above to explain the D chart setup and entry technique.

regards,

EMMANUEL

Eidt:
BTW, I replied your PM.
Also I did a demo trade using your post but have not have time to post on Friday. Will do so later. It sunday morning and I am off to shoot some waves.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,812
  • May 24, 2014 6:59pm May 24, 2014 6:59pm
Quoting FXForceOne
Anybody make good profit with this system? Thanks
So far, Nobody replied to say they make good profit...
I am quite sure Somebody make good profit...
But not Everybody make good profit...

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,813
  • May 24, 2014 9:04pm May 24, 2014 9:04pm
Quoting hiddengiant
Hi E 778 I have been back testing and and practicing the TMS method but what I have seen is whenever there is a TDI cross on higher time frame suppose on D there would have been a cross on h4 two to three candles before and similar is the case on H4 and H1 so what should we do, stick to just one time frame or what. Please if u could explain it . Trying to learn with TMS community. Thanks
I like emmanuel7788 explanation but here is my two cents. Let's see you using H4 time frame for Trading, you can enter the market much earlier using smaller time frame H1 and same is true for exits. You follow the higher time frame D1 for trend direction, enter on H1 for fine tune entry and manage you trade at H4. Any further comments from seniors will be appreciated.

Thanks, hoperich
  • #37,814
  • May 24, 2014 9:16pm May 24, 2014 9:16pm
I make profit but not a good profit yet as I'm still learning and playing small lots. If you calculate it base on RR, it's been great.
Everything you can imagine, is real - Pablo Picasso
  • #37,815
  • May 25, 2014 1:28am May 25, 2014 1:28am
Hi EMMANUEL,

What do you mean by fib 38/50? Is it between the 38 and 50 fib mark? I'll appreciate your response.
  • #37,816
  • May 25, 2014 2:15am May 25, 2014 2:15am
Thank you E778 and hoperich for taking time and reply.
So just to be simple entry on H4 or higher be fine tuned by lower TF but then its not on that frame as no cross would have occurred, so shall I dec my SL and TP for the specific lower TF or .......
Sorry but asking Q/s for learning to trade it simple.
Thanks
  • #37,817
  • May 25, 2014 2:55am May 25, 2014 2:55am
Quoting Direwolf
I make profit but not a good profit yet as I'm still learning and playing small lots. If you calculate it base on RR, it's been great.
Very good honest answer, Direwolf. My answer would be exactly the same. It is very true, I've learned, that demo trading gives you good orientation to the interface (MT4) and gets you to actually place trades. However, it's not until you actually place REAL trades with real money and experience real terror (at first) that you actually get the feel for trading as we both do, even if it's .001 lots. With Live trading (real money) you understand the full impact of spreads at different times of the day (like Kiwi open $$$!) and during high velocity moments such as news events. You also learn what it feels like to get "spiked out" (that's when a candle wick shoots up or down suddenly). Getting spiked out can get you out of a good trade or put you into a bad one, in a split second. Kind of like getting on the wrong bus and heading into Harlem when it's dark out and and you can't see out the windows and you don't realize where you are until it's too late. Not that Harlem is necessarily a bad neighborhood, it's just a surprising place to be if it's not what you expected. My biggest problem now is a psychological one. I have an annoying tendency to close trades too early and not let my profits run. We all need something to believe in. I strongly believe in the TMS system. I also believe I'll have beer, right now. Tomorrow is Memorial day, and as the Irish would say; "We hardly knew ye." Let's all count our blessings for the gift of people like Eric (Eelfranz) to have touched our lives.
  • #37,818
  • May 25, 2014 4:41am May 25, 2014 4:41am
Hi EMMANUEL,

first of all I would like to thank you for helping us and share your experience with us .....


Could you please give us your opinion for weekly outlook or analysis for EURAUD (H4 and Daily Charts) ?

another question... based on your experience with TMS ... as a full time trader (Me ) which frame(m15 or m30 or h1 or h4 ) is suitable and which TMS trading type (5 method example) is the best and can lead me to get 20 pips at the end of the day ?

Also , is it better to focus only on one pair like euraud ? or take more than one pair ?




Thanks..
  • #37,819
  • May 25, 2014 8:39am May 25, 2014 8:39am
Quoting ElectroNitro
Hi EMMANUEL, What do you mean by fib 38/50? Is it between the 38 and 50 fib mark? I'll appreciate your response.

Hi ElectroNitro,

Yes, that's correct.
I look for the price retracement on the H1 chart. When the trend is strong, the retracement can be shallow to the Fib 23% and 38%.
When we see price retrace deeper to below Fib 50%, we look at the Price Action and attempt an entry.
However, when trading the D chart for setups, I will place limit orders using smaller position size. The full risk remains the same at 1% to 2% maximum.
Using position sizing and risk percentage model, the maximum risk for the trade remain the same when we have a stop loss R in place.
Even in situations if there is a 250pips drawdown, the maximum rirsk remains the same at 1% to 2%.

Please go to post#22,389 to download the Fib indicators.
http://www.forexfactory.com/showthre...61#post6845861
and post#22,392 for an example.
http://www.forexfactory.com/showthre...93#post6845893

Good Trading next week.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,820
  • May 25, 2014 9:05am May 25, 2014 9:05am
Quoting Baayesh
Hi EMMANUEL, first of all I would like to thank you for helping us and share your experience with us ..... Could you please give us your opinion for weekly outlook or analysis for EURAUD (H4 and Daily Charts) ? another question... based on your experience with TMS ... as a full time trader (Me ) which frame(m15 or m30 or h1 or h4 ) is suitable and which TMS trading type (5 method example) is the best and can lead me to get 20 pips at the end of the day ? Also , is it better to focus only on one pair like euraud ? or take more than one pair ? Thanks.....

Hi Baayesh,

You are welcome.

Attached is my current Big Picture Plan of EURAUD. There are major events which can affect the Euro on Monday and Tuesday. Also Monday is bank holidays in the UK and US. I will update this Big Picture Plan on Tuesday.

Note that next week is the last trading week of this month, so we see the Monthly candle close and there is a significant price level 1.48558 where price was last resisted. Price is now support at 1.47500 and next week I need to see where the Day and Weekly fibo levels are and use them for my trading.
Since it is the month end candle, the best way to trade next week is on H1 and H4 using the basic TMS 5-Method Entry and Exit rules.

I am also a fultime trader like you. I am not a professional trader. I will PM you and share what I do regarding your other questions.

regards,

EMMANUEL
Attached File(s)
File Type: pdf EURAUD Week22 Big Picture Plan.pdf   275 KB | 776 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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