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Trading Made Simple

  • #38,641
  • Jun 21, 2014 10:26pm Jun 21, 2014 10:26pm
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.
Disregard my earlier post dforant. I see you understand perfectly. All I was trying to say with my earlier post is that if a person has to decide whether or not a cross is valid, then pass on that trade. The crosses should be patently obvious in my opinion.
If you are good at something, never do it for free--Joker
  • #38,642
  • Jun 21, 2014 10:36pm Jun 21, 2014 10:36pm
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 .
robuk, try trading H1 and H4. I noticed that a lot of your charts are M15. Big E was not a fan of the lower time frames. Since TMS is a momentum based trading method, the lower the timeframe, the harder it is to gauge momentum.
If you are good at something, never do it for free--Joker
  • #38,643
  • Jun 21, 2014 10:40pm Jun 21, 2014 10:40pm
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...
Direwolf, congrats on your success. As long as you are going forward. All will be well. I had a decent week, but I gave it all back learning how to position size exotics to overcome the illiquid spreads. Next week will be TMS with over 70 pairs in consideration. I am excited about that.
If you are good at something, never do it for free--Joker
  • #38,644
  • Jun 21, 2014 11:45pm Jun 21, 2014 11:45pm
Quoting dforant1
{quote} 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. {image}
Ok didnt realise you were talking about a day, but if I take 17th as the example, the first pic shows the first 4 arrows on your chart, thats where you said you would have gone in at the start of the candle till close. Now look at the 2nd pic, which is the m15 chart with the h1 tdi-zz on it. It shows where the tdi actually was when you're saying people could have gone in because it locks where the h1 tdi was on that m15 candle. As you can see, 2 of those trades would have been possible, the 1st and 3rd, on the 2nd trade the tdi crossed half an hour later and on the 4th trade it barely just touching the red and didn't have a good cross until half an hour later.
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  • #38,645
  • Jun 22, 2014 12:13am Jun 22, 2014 12:13am
http://www.forexfactory.com/showthre...18#post4619118

Just some food for thought.


2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

There is a handful who trade it correctly here who are rewarded nicely...
If you are good at something, never do it for free--Joker
  • #38,646
  • Jun 22, 2014 1:59am Jun 22, 2014 1:59am
Quoting jmn5611
{quote} robuk, try trading H1 and H4. I noticed that a lot of your charts are M15. Big E was not a fan of the lower time frames. Since TMS is a momentum based trading method, the lower the timeframe, the harder it is to gauge momentum.
Thanks for your reply , I really appreciate any offers of help I can get
I try to stick to mostly 4H bars (as per BIGE method ) I actually don't really trade 15 m bars but I do try to use them to get a good entry
I would like some comment on my 68638 post , if you or anyone else would be so good to do so.
  • #38,647
  • Jun 22, 2014 2:29am Jun 22, 2014 2:29am
Quoting robuk
{quote} Thanks for your reply , I really appreciate any offers of help I can get I try to stick to mostly 4H bars (as per BIGE method ) I actually don't really trade 15 m bars but I do try to use them to get a good entry I would like some comment on my 68638 post , if you or anyone else would be so good to do so.
For some reason I can't find the question that you asked. Can you post it again?
If you are good at something, never do it for free--Joker
  • #38,648
  • Jun 22, 2014 2:38am Jun 22, 2014 2:38am
Quoting jmn5611
{quote} For some reason I can't find the question that you asked. Can you post it again?
My mistake --Post 38638
  • #38,649
  • Jun 22, 2014 5:55am Jun 22, 2014 5:55am
Quoting robuk
{quote} 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 .
Any comments wlcome
  • #38,650
  • Jun 22, 2014 6:11am Jun 22, 2014 6:11am
Quoting robuk
{quote} Any comments wlcome
Mine are the same openings, I very rarely take the 13:00 London time candle unless its an extremely good signal like GU was on Friday, because it is right on NY open, the best trades I've found are at 5am London time and 9am London, AU, EN and a couple of others are good at 1am London time as well.
  • #38,651
  • Jun 22, 2014 7:36am Jun 22, 2014 7:36am
Quoting lastingwell
{quote}Mine are the same openings, I very rarely take the 13:00 London time candle unless its an extremely good signal like GU was on Friday, because it is right on NY open, the best trades I've found are at 5am London time and 9am London, AU, EN and a couple of others are good at 1am London time as well.
Thanks , looks like I must adjust the alarm clock , whatever it takes to get some pips .
  • #38,652
  • Jun 22, 2014 11:48am Jun 22, 2014 11:48am
hi guys,

i am trying this method but i encouter really some difficult to identify the right trade to enter... i see the old post, see the chart example but when i am ahead to the mt4 i am not able to see what i do...

when i see a signal (or i suppose to see) i enter, but the trade not go in the right direction... good for one bar... next price retrace...

i have a grabbed picture of my mt4 for EUR-USD timeframe H4 with 2 evidence trade... one is good the other seems no good but similar... where is the difference???

can someone help me to understand?

thaks to all, bye

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  • #38,653
  • Jun 22, 2014 3:11pm Jun 22, 2014 3:11pm
Quoting mighty-thor
hi guys, i am trying this method but i encouter really some difficult to identify the right trade to enter... i see the old post, see the chart example but when i am ahead to the mt4 i am not able to see what i do... when i see a signal (or i suppose to see) i enter, but the trade not go in the right direction... good for one bar... next price retrace... i have a grabbed picture of my mt4 for EUR-USD timeframe H4 with 2 evidence trade... one is good the other seems no good but similar... where is the difference??? can someone help me to understand?...
I always look at the next timeframe up to see if its likely to go very far, have you done that and compared the 2 trades?
  • #38,654
  • Jun 22, 2014 5:49pm Jun 22, 2014 5:49pm
Quoting lastingwell
{quote}I always look at the next timeframe up to see if its likely to go very far, have you done that and compared the 2 trades?
hi lastingwell,

onestly i have not check the next DAILY timeframe... if possible, i want to trade only on one single timeframe (H4 or DAILY) without check other to have confirm... but it's possible this? or checking the high timeframe is necessary?

one quest about the moving average at 5 period... on the chart it's shifted by 1... i have to set it to 3?

thanks again.
  • #38,655
  • Jun 22, 2014 7:27pm Jun 22, 2014 7:27pm
Quoting mighty-thor
{quote} hi lastingwell, onestly i have not check the next DAILY timeframe... if possible, i want to trade only on one single timeframe (H4 or DAILY) without check other to have confirm... but it's possible this? or checking the high timeframe is necessary? one quest about the moving average at 5 period... on the chart it's shifted by 1... i have to set it to 3? thanks again.
No, you don't have to check the higher timeframe, but you will usually find that a trade will go further if its with what the higher timeframes are doing, even just the last candle, but its really a matter of choice, after all the second trade is still working, just taking longer. I don't think I have got the same h4 finish as you, I would have gone in at 1.3608 roughly and it went down 45 pips from there, and with a daily atr of only 44 pips with that currency at the moment, I certainly would have moved to breakeven at least.

I don't use that ema but eelfranz used a shift of 3 I think I remember reading.
  • #38,656
  • Jun 22, 2014 10:31pm Jun 22, 2014 10:31pm
Quoting robuk
{quote} Any comments wlcome
If you look back at the posts from Big E he will tell that he is trading H4 at 10pm, 2am, and 6am PDT. That equates to 6am, 10am and 2pm in London. So lastingwell is right on this point. You are currently trading one bar late.
If you are good at something, never do it for free--Joker
  • #38,657
  • Jun 22, 2014 10:33pm Jun 22, 2014 10:33pm
Quoting lastingwell
{quote}No, you don't have to check the higher timeframe, but you will usually find that a trade will go further if its with what the higher timeframes are doing, even just the last candle, but its really a matter of choice, after all the second trade is still working, just taking longer. I don't think I have got the same h4 finish as you, I would have gone in at 1.3608 roughly and it went down 45 pips from there, and with a daily atr of only 44 pips with that currency at the moment, I certainly would have moved to breakeven at least. I don't use...
Yes, it is a 5 ema typical price with a 3 period shift.

He has said that it is not relevant in taking tms signals. It only helps him with price action.
If you are good at something, never do it for free--Joker
  • #38,658
  • Jun 22, 2014 11:34pm Jun 22, 2014 11:34pm
Quoting jmn5611
{quote} Yes, it is a 5 ema typical price with a 3 period shift. He has said that it is not relevant in taking tms signals. It only helps him with price action.
Some food for thought.

http://www.forexfactory.com/showthre...52#post4601752

I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas...

The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...

I don't care what the red TDI line is doing.

Did Stoch's confirm the TDI signal between the 20-80 lines...?

The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...

If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles...

All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
If you are good at something, never do it for free--Joker
  • #38,659
  • Jun 23, 2014 12:12am Jun 23, 2014 12:12am
i try this.
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  • #38,660
  • Jun 23, 2014 12:25am Jun 23, 2014 12:25am
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...
Thanks for good post and truly is trading needs understanding, needs to do what you do and keep doing it even tho if it dosent show what you are looking for, it takes time, theres no shortcut, no get rich scheme one or the other day, you will have to keep trying the same, in doing the the same you start discovering things that wont be availabe if you do things differently over and over again, we need reputation to the point of being bored of doing what we do, then I think out of this we might start to get to where TMS traders want to be

I have been back testing from Feb 2014 almost daily TMS H1, sometime I get bored of doing the same everyday, but to my thinking and understanding, is there other way!
I Have Learned to Take Some Losses to Make Profits
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