Trading Made Simple | Page 1932 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #38,621
  • Jun 20, 2014 1:58pm Jun 20, 2014 1:58pm
Quoting Direwolf
I understand and I am trying to learn how to draw patterns myself but let's keep this thread clean
OK ,Will do . Apologies .
  • #38,622
  • Jun 20, 2014 3:58pm Jun 20, 2014 3:58pm
Quoting dforant1
{quote} HAHA, Lastingwell, after asking this queston twice it finally sank in days later. I was trading USDCHF for a week of so. I switched to GU which has about 25 more pips range than UC. Gains now about a third more. I stopped checking ranges for some reason. A little risky. 5am would be better. Out early, stopped trading. Thanks. {image}
LOL glad it worked out ok, I would have felt really bad if it hadn't
  • #38,623
  • Jun 20, 2014 6:23pm Jun 20, 2014 6:23pm
Quoting dforant1
{quote} also watching less pairs, say 1 - 2 because the win loss ratio is easier to keep an eye on. Watching 6-9 pairs could lead one to pick more losers that look like winners because of where the pair is in the win loss ratio. Yes? No? One could pick 3 likely winners that in reality are losers, starting a week out on the wrong footing. How many times are there 3 signals from 9 choices. Which to take? All?
Pick only the best one. If it doesn't smack you across the face, pass.
If you are good at something, never do it for free--Joker
  • #38,624
  • Jun 20, 2014 11:34pm Jun 20, 2014 11:34pm
Quoting omonisha
EURNZD {image}
Could you attach your all indicators and template?
  • #38,625
  • Jun 21, 2014 5:54am Jun 21, 2014 5:54am
guys, where can I download latest version with template?
Regards
  • #38,626
  • Jun 21, 2014 8:23am Jun 21, 2014 8:23am
Quoting jmn5611
{quote} Pick only the best one. If it doesn't smack you across the face, pass.
so this is the new language? do yu know what yu r saying?
  • #38,627
  • Jun 21, 2014 8:37am Jun 21, 2014 8:37am
Quoting robuk
I'm 120 pips down this week which is slightly less than last week The only good thing I can say about my trading is that I've had the good sense to trade in very small amounts I'm still losing money but not worrying amounts ,so at least I can 'stay in the game ' and hope I can improve as I learn more I keep telling myself to ONLY TAKE AAA TRADES , but as Warren Buffet said ''there are some lessons you just have to keep on learning '' So... Good Trades to Everybody next week !
Wow how does one lose with TMS? Immediate success: trade pair with good range, money management, use TDI indicator only, take only 12-2 and 4-6pm angle crosses trades only, period M5, H1 or H4. If H1 or H4 is selected do not watch trade till end of period, last 5 minutes. Let natural close figure gains. Some need to exercise their brains more trading with various indicators. That will not work with TMS. Keep the formula KISS!! Of course this is based upon the ability of trading the London NY time.
  • #38,628
  • Jun 21, 2014 9:54am Jun 21, 2014 9:54am
Quoting dforant1
{quote} Wow how does one lose with TMS? Immediate success: trade pair with good range, money management, use TDI indicator only, take only 12-2 and 4-6pm angle crosses trades only, period M5, H1 or H4. If H1 or H4 is selected do not watch trade till end of period, last 5 minutes. Let natural close figure gains. Some need to exercise their brains more trading with various indicators. That will not work with TMS. Keep the formula KISS!! Of course this is based upon the ability of trading the London NY time.
Thanks for your reply , and i'm really happy for you that you find it so easy and making plenty of money , long may that be the case for you .
I would guess that this system must suit you very well as it did for Big E , and I do try to follow the system but obviously I have been going wrong somewhere
I can trade London / NY times and will do all I can to follow your good advice ,thanks again .
  • #38,629
  • Jun 21, 2014 10:09am Jun 21, 2014 10:09am
Quoting robuk
{quote} Thanks for your reply , and i'm really happy for you that you find it so easy and making plenty of money , long may that be the case for you . I would guess that this system must suit you very well as it did for Big E , and I do try to follow the system but obviously I have been going wrong somewhere I can trade London / NY times and will do all I can to follow your good advice ,thanks again .
Well, haha, I didn't say plenty of $$. You have 9 chances for example of working TMS H1. Per pair. It would be easy to check 3 months of trading historically. You will find that each month of GU for example makes about + - 600 pips per month. H1 open to close each hour. Months can vary widely. But that's my approximate average available during London NY trading time. Real $$ profit amounts are determined by lot size. If only half those pips were obtained actually trading it's not losing.
  • #38,630
  • Jun 21, 2014 10:31am Jun 21, 2014 10:31am
Quoting dforant1
{quote} Wow how does one lose with TMS? Immediate success: trade pair with good range, money management, use TDI indicator only, take only 12-2 and 4-6pm angle crosses trades only, period M5, H1 or H4. If H1 or H4 is selected do not watch trade till end of period, last 5 minutes. Let natural close figure gains. Some need to exercise their brains more trading with various indicators. That will not work with TMS. Keep the formula KISS!! Of course this is based upon the ability of trading the London NY time.
Some good tips. Positive thinking is good. Saying TMS is an immediate success is a bit far fetch tho in my opinion. It took me over a year to do better than break even, and not by much.

To me, trading systems are like surf boards. They're there to help you ride the waves and comes in various design and ease of riding. But they require much time to master.

But above all else, you need to be able to swim. The basic. That's what I lack last year - I couldn't even take my board out to find the right wave, 5 steps into the sea and I'm drowned.

And there are other things that can only help you. Such as watching weather forecast (being aware of news, events, economics, etc), avoid day with storms (avoiding range market) and keep your eye open for sharks and crocodiles.
Everything you can imagine, is real - Pablo Picasso
  • #38,631
  • Jun 21, 2014 10:34am Jun 21, 2014 10:34am
Quoting dforant1
{quote} Well, haha, I didn't say plenty of $$. You have 9 chances for example of working TMS H1. Per pair. It would be easy to check 3 months of trading historically. You will find that each month of GU for example makes about + - 600 pips per month. H1 open to close each hour. Months can vary widely. But that's my approximate average available during London NY trading time. Real $$ profit amounts are determined by lot size. If only half those pips were obtained actually trading it's not losing.
I have usually tried to trade H4 , so only get two chances to trade ,
my first H4 candle is currently opened at 9.00 am London time (+1 GMT )
and the next at 13.00 London time , which is then not far from the NY open ,so if the TDI cross is at the second candle , maybe that causes a problem sometimes as it often starts off Ok and then 'flips back ' giving me a loss .
  • #38,632
  • Jun 21, 2014 10:50am Jun 21, 2014 10:50am
Quoting Direwolf
{quote} Some good tips. Positive thinking is good. Saying TMS is an immediate success is a bit far fetch tho in my opinion. It took me over a year to do better than break even, and not by much. To me, trading systems are like surf boards. They're there to help you ride the waves and comes in various design and ease of riding. But they require much time to master. But above all else, you need to be able to swim. The basic. That's what I lack last year - I couldn't even take my board out to find the right wave, 5 steps into the sea and I'm drowned....
Yes , your right , there are lots of Great Whites swimming around in the waters we dare to swim in , but they are disguised in suits .
  • #38,633
  • Jun 21, 2014 11:20am Jun 21, 2014 11:20am
Quoting Direwolf
{quote} Some good tips. Positive thinking is good. Saying TMS is an immediate success is a bit far fetch tho in my opinion. It took me over a year to do better than break even, and not by much. To me, trading systems are like surf boards. They're there to help you ride the waves and comes in various design and ease of riding. But they require much time to master. But above all else, you need to be able to swim. The basic. That's what I lack last year - I couldn't even take my board out to find the right wave, 5 steps into the sea and I'm drowned....
I respecfully disagree totally. I would assume anyone with brains would make sure they knew some basics of Forex including the positive and negative aspects of it. I'm talking about short term trading, actually day trading. London NY time. If an individual can't see a green line crossing a red line with a steep angle with periods of M5, H1 H4 then forget it. Along with some money management. Then they aren't ready yet and may never be. This isn't brain surgery. I don't care what England or the US or any Country for that matter is doing while trading. Just follow price along with TDI will take care of all of that. My experience with the News is I gain more than lose with the H1 period. If this is about D1 trading all bets are off. You better be good. What did you do wrong for a year after Eelfranz (and others) gave the common man this opportunity.
  • #38,634
  • Jun 21, 2014 1:22pm Jun 21, 2014 1:22pm
Week 6-16-20-14 H1 GU

Last weeks trade possibilities and profit open to close each candle with a signal. Would be more chasing next cdls in many cases,.

What is so difficult about it?? Screw the position of the moon and asparagus crop. Just follow price movement and TDI. A set stop loss wherever will handle news.
Attached Image (click to enlarge)
Click to Enlarge Name: Week 6-16-20-14.JPG Size: 194 KB
  • #38,635
  • Jun 21, 2014 3:09pm Jun 21, 2014 3:09pm
Quoting dforant1
Week 6-16-20-14 H1 GU Last weeks trade possibilities and profit open to close each candle with a signal. Would be more chasing next cdls in many cases,. What is so difficult about it?? Screw the position of the moon and asparagus crop. Just follow price movement and TDI. A set stop loss wherever will handle news. {image}
Not sure I understand those entries, especially the 50 pips on 17th, I can't actually see a candle, open to close as you have said, that would have gained 50 pips.
  • #38,636
  • Jun 21, 2014 3:59pm Jun 21, 2014 3:59pm
Quoting lastingwell
{quote}Not sure I understand those entries, especially the 50 pips on 17th, I can't actually see a candle, open to close as you have said, that would have gained 50 pips.
When yu left click on a chart doesn't it expand? The 50p were for a day!! Guess I'm not cut out for this. Back to my slumber and no stress trading.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 179 KB
  • #38,637
  • Edited 4:48pm Jun 21, 2014 4:21pm | Edited 4:48pm
Quoting dforant1
{quote} I respecfully disagree totally. I would assume anyone with brains would make sure they knew some basics of Forex including the positive and negative aspects of it. I'm talking about short term trading, actually day trading. London NY time. If an individual can't see a green line crossing a red line with a steep angle with periods of M5, H1 H4 then forget it. Along with some money management. Then they aren't ready yet and may never be. This isn't brain surgery. I don't care what England or the US or any Country for that matter is doing while...
And I respectfully disagree as well. TMS is good but to say that it's the only thing you need is painting a very incorrect impression especially to newer traders.
Even Big E himself sent new traders over to babypips to learn the basics.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-22_0416.png Size: 40 KB


And to answer your question about the 1 year thing - I was doing what Big E told me to do - learning the basics. Believe me when I say even something as simple as TMS can overwhelm a newbie with only 1 month experience under his belt. I studied PA and S/R and demo trade for over 9 months before I came back to TMS. Today, no system overwhelms me anymore and I can spot S/R, channel and important level at a glance. Was that worth a whole year of time? I don't know, but being in the green (even a tiny green) is sure a huge improvement over blowing 1 account in 2 weeks I used to do.

One day I'll increase that tiny green into a wheelbarrow full of green. I trust TMS to take me there. But it will take time.
Everything you can imagine, is real - Pablo Picasso
  • #38,638
  • Jun 21, 2014 5:42pm Jun 21, 2014 5:42pm
Just playing around with some trendlines. Will we get a 3rd touch of the uptrend line on the weekly this week? Your views are most welcome
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweekly.png Size: 45 KB
the cautious seldom err....C
  • #38,639
  • Jun 21, 2014 6:18pm Jun 21, 2014 6:18pm
Quoting Direwolf
{quote} And I respectfully disagree as well. TMS is good but to say that it's the only thing you need is painting a very incorrect impression especially to newer traders. Even Big E himself sent new traders over to babypips to learn the basics. {image} And to answer your question about the 1 year thing - I was doing what Big E told me to do - learning the basics. Believe me when I say even something as simple as TMS can overwhelm a newbie with only 1 month experience under his belt. I studied PA and S/R and demo trade for over 9 months before I...
Dear God in Heaven. I started harvesting the method a day after reading a few early pages, while you are still sowing seeds for 9 months. I understand your patience now. It's battle shock! You can look at the chart I posted and say it's incorrect when indeed it is what TMS is all about. Your therapy is to look at the chart till you see green crossing red at a steep angle and then for God's sake take the trade and release the anvil on your back. Best of luck.
  • #38,640
  • Jun 21, 2014 10:22pm Jun 21, 2014 10:22pm
Quoting dforant1
{quote} so this is the new language? do yu know what yu r saying?
Perhaps it would be better if I tried to humbly answer a question. Then maybe I can put it in a manner that you can more easily understand.
If you are good at something, never do it for free--Joker
20 traders viewing now