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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

  • #38,961
  • Edited 11:51pm Jun 27, 2014 11:41pm | Edited 11:51pm
Hi Pips29

I am attaching a pic and hope is what your looking for, if you know that already then I will try again

But if you want to insert a link to download the indicator from another site or link , you gotta go here and copy paste the link in the text box, the complete link

Hope this helps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: upload.jpg Size: 268 KB
Click to Enlarge Name: URl_Link.jpg Size: 359 KB
I Have Learned to Take Some Losses to Make Profits
  • #38,962
  • Jun 28, 2014 1:46am Jun 28, 2014 1:46am
I've decided to experiment next week with eelfranz's rules. I am going to treat each timeframe on its own merits, I am going to use my supply/demand indicator - eelfranz did say to look for support/resistance and its the best way I've found for doing that if I'm going to look at a lot of charts I don't want to have to draw on my own over loads of charts.

When I can sit here and monitor for a few hours then I will look at the hourly charts, I will also have open the h4 charts because I can check every 4 hours more easily. I am going to go in only on (what I think) are the best angles, on candle 1 or 2 preferably. The only exception to that will be if price hasn't moved very much on candle 1 and 2 and then I see an excellent angle I will go in on that one, for that exception see the attachment by eelfranz on post number 2 of the thread: http://www.forexfactory.com/showthre...77#post4569577 (2nd vertical line) I will exit if the tdi flattens out at the open of the candle, or makes a check mark reversal.

I'm going to use the tdi that phx62 uploaded and is using, the main reason being, I want to see the angle at the open of the candle and the tdi he uses only updates once every new candle, so it will make it less confusing to look at for me.

I will take a screenshot when I enter the trade and when I exit but will not necessarily be able to post them straight away and we will see how I get on by the end of the week

Edit: Forgot to say I will be looking at AU, UCAD, EJ, EA, GJ, GN, GA, NU, EN, ACHF, NJ, GCAD, GU, AJ, EU that should keep me busy enough
  • #38,963
  • Jun 28, 2014 1:59am Jun 28, 2014 1:59am
Quoting lastingwell
I've decided to experiment next week with eelfranz's rules. I am going to treat each timeframe on its own merits, I am going to use my supply/demand indicator - eelfranz did say to look for support/resistance and its the best way I've found for doing that if I'm going to look at a lot of charts I don't want to have to draw on my own over loads of charts. When I can sit here and monitor for a few hours then I will look at the hourly charts, I will also have open the h4 charts because I can check every 4 hours more easily. I am going to go in only...
We will be right here with you lastingwell, good luck!
If you are good at something, never do it for free--Joker
  • #38,964
  • Edited 3:22am Jun 28, 2014 2:30am | Edited 3:22am
Quoting jmn5611
{quote} Pips29, with all respect to you, the founder of this thread posted repeatedly not to change the method. This is not E.A.S.Y trading. I am sure there is a thread for that somewhere. This TMS trading by eelfranz. How about respecting this man by respecting his wishes?
Hello JMN5611,
You are judging posters as disrespectful if they don't trade exactly the way that Eric did. This is wrong. Eric was ground-breaking in his use of the TDI and, as the thread closes in on 39000 posts, I am having difficulty in recalling more than a few who have been disrespectful to Eric. I estimate that all posters recognise that Eric has done them a huge favour in showing them his perspective of how the TDI can be used.

All of our brains work differently so we all see different things. This thread has become a home for posters' different perspectives on the TDI BECAUSE of Eric. One of the largest threads on FF is a wonderful testament to Eric and his gift to us. The variety of posters and their perspectives on the use of the TDI is the strength of this thread. One of the stand-out contributors to this thread has been Phx62 and he doesn't trade like Eric. Who hasn't learnt from him?

Eric was a warm and giving man and I'm sure we are all grateful to him. Your posts serve Eric's method well but you show him disrespect when you make comments as a judgmental, self-appointed teacher.

Kan
Thanks for your help, warmth and straight talking Heather.
  • #38,965
  • Jun 28, 2014 3:43am Jun 28, 2014 3:43am
Quoting jmn5611
{quote} Here are a few. http://www.forexfactory.com/showthre...=7565897#reply Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything... don't complicate it. Many traders on the old thread said once they quit trying to improve it or making it more complated... their pip take exploded. http://www.forexfactory.com/showthre...52#post4601752 The...
Well that told me didn't it! Well done Jim! I was a bit nasty so I deserved your response but hey, big smooch! I've no need to read any of your recommendations, I've probably read them over a 100 times already but thanks for the heads up. The lovely guy Eric also said make it your own and there are plenty of senior people that used to frequent here that have actually done that. Unfortunately most of them are no longer around because of ego maniacs taking control of this thread but one thing many of them have done over the last year or so is see the importance of the MBL.

What you are teaching people Jimmy is to totally disregard the overall sentiment of the market. Even old Emmanuel, when he eventually started to admit that he actually lost a trade or two, used to go, "oh darn it, this is what happens when you trade against the MBL". Tell me what happens Jimmy when you take a 7 slope short when price is way up above the 68 and the MBL is hanging around the 50? It happens all the time and the results are spectacularly similar, crap. With the MBL also around the same 68+ level and same green/red slope signal short the results are very different but if you don't have that line on your chart you won't know, you only have half the story so I still disagree with you and it's called evolution, it's not sacrilege.
Per Ardua Ad Astra - Through Adversity To The Stars
  • #38,966
  • Jun 28, 2014 4:51am Jun 28, 2014 4:51am
Here it is Scorps. Thanks very much
Attached File(s)
File Type: mq4 DailyData (1).mq4   8 KB | 541 downloads
the cautious seldom err....C
  • #38,967
  • Edited 7:36am Jun 28, 2014 5:07am | Edited 7:36am
Quoting Flipper58
{quote} Well that told me didn't it! Well done Jim! I was a bit nasty so I deserved your response but hey, big smooch! I've no need to read any of your recommendations, I've probably read them over a 100 times already but thanks for the heads up. The lovely guy Eric also said make it your own and there are plenty of senior people that used to frequent here that have actually done that. Unfortunately most of them are no longer around because of ego maniacs taking control of this thread but one thing many of them have done over the last year...
I totally agree with most of what you've said Flipper.

I also agree with J, in that we should not disregard any decent looking cross just because the MBL is on the 'wrong' side. This is where Lastingwells way of using the TDI and MBL could help immensely. She says, for instance, if you had a cross at the 32 level and the MBL was above the TDI, it would be safe enough to take a long . Its when the cross is too close to the MBL that you should disregard the trade. In other words, as long as the TDI is at the extremes, the position of the MBL should not hinder you from getting a good trade .
.... laughing all the way to the bank
  • #38,968
  • Jun 28, 2014 5:11am Jun 28, 2014 5:11am
Quoting pips29
{quote} I used to trade 15mtf and I almost always trade away from the ma. Found it gives more pips than the other way round. Which do you find more profitable?
I haven't ever noticed which side produced the most pips, but maybe I should put a few things into perspective.
Out of say, 1000 trades I have taken I've probably only been successful at 80. So really I'm no authority when it comes to talking about successful trades
.... laughing all the way to the bank
  • #38,969
  • Jun 28, 2014 5:14am Jun 28, 2014 5:14am
Quoting Flipper58
{quote} Well that told me didn't it! Well done Jim! I was a bit nasty so I deserved your response but hey, big smooch! I've no need to read any of your recommendations, I've probably read them over a 100 times already but thanks for the heads up. The lovely guy Eric also said make it your own and there are plenty of senior people that used to frequent here that have actually done that. Unfortunately most of them are no longer around because of ego maniacs taking control of this thread but one thing many of them have done over the last year...
Hi Flipper
Please forgive newbie question , I'm trying to learn about MBL . Can you please tell me what is 7 slope ? If possible could you post a chart
that illustrates your point about MBL
  • #38,970
  • Jun 28, 2014 5:27am Jun 28, 2014 5:27am
Quoting Kanderpro
{quote} Hello JMN5611, You are judging posters as disrespectful if they don't trade exactly the way that Eric did. This is wrong. Eric was ground-breaking in his use of the TDI and, as the thread closes in on 39000 posts, I am having difficulty in recalling more than a few who have been disrespectful to Eric. I estimate that all posters recognise that Eric has done them a huge favour in showing them his perspective of how the TDI can be used. All of our brains work differently so we all see different things. This thread has become a home for posters'...
Couldn't agree with you more Kan.
We all process and see things differently but that does not mean, that we do not appreciate Eric's work if we deviate slightly from his original method.
In our defense, the market has been ruthless, in recent times and the ATR, a lot smaller than past years.
.... laughing all the way to the bank
  • #38,971
  • Jun 28, 2014 5:33am Jun 28, 2014 5:33am
Quoting itsallover
{quote} Couldn't agree with you more Kan. We all process and see things differently but that does not mean, that we do not appreciate Eric's work if we deviate slightly from his original method. In our defense, the market has been ruthless, in recent times and the ATR, a lot smaller than past years.
Could not agree with you more. In those days the 3 amigos move in the same direction. My favourite pairs were fibre,cable and the dragon. You can bet the whole farm when you trade cable you also trade the dragon in the same direction safely. That's not happening now
the cautious seldom err....C
  • #38,972
  • Jun 28, 2014 6:02am Jun 28, 2014 6:02am
Quoting Flipper58
{quote}Tell me what happens Jimmy when you take a 7 slope short when price is way up above the 68 and the MBL is hanging around the 50? It happens all the time and the results are spectacularly similar, crap. With the MBL also around the same 68+ level and same green/red slope signal short the results are very different but if you don't have that line on your chart you won't know, you only have half the story so I still disagree with you and it's called evolution, it's not sacrilege.
Firstly, not a lot of people know what a 7 slope is, so for the purposes of the conversation on the thread it might be good to just call it a good cross. There are very many instances from phx62 of trades taken above the mbl short, working really well and those taken below, not so good, what I have noticed is that very often if the cross is too close to the mbl then it might well bounce off of it, thats all. This is just one weeks trades of phx62 which I opened at random: http://www.forexfactory.com/attachme...2&d=1397225641 I dont think I need to point out the obvious.
  • #38,973
  • Jun 28, 2014 6:53am Jun 28, 2014 6:53am
Inserted Video
Posted by a female. Hope it is not sexist
the cautious seldom err....C
  • #38,974
  • Jun 28, 2014 7:11am Jun 28, 2014 7:11am
Quoting pips29
http://youtu.be/-4EDhdAHrOg Posted by a female. Hope it is not sexist
This is classic "Men are from Mars, Women are from Venus" whose author, Dr John Gray, says that men are focused on providing/finding solutions whereas women want to talk about it and express their feelings and the solution will present itself. He says the mistake that men make is to want to find/provide solutions for the lady rather than just listen and be a sounding board. Unfortunately the video, written and directed by a man, mocks the woman, although the title doesn't.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #38,975
  • Jun 28, 2014 7:31am Jun 28, 2014 7:31am
Quoting pips29
http://youtu.be/-4EDhdAHrOg Posted by a female. Hope it is not sexist
I love it

And its not sexist. Why? Not because it was posted by a female.... but because it does not make fun of an entire species...
.... laughing all the way to the bank
  • #38,976
  • Jun 28, 2014 8:03am Jun 28, 2014 8:03am
Quoting pips29
http://youtu.be/-4EDhdAHrOg Posted by a female. Hope it is not sexist
Nice one Pips 29 and thanks for the indicator too

In this case all you ones have to do is just shut and listen , classic

Anyway I like when things line up on pairs like this one for learning experience, almost identical setup but in what way will you interrupt each and every one

I marked an entry line on each of those pairs, all of them formed PCRF as in phx62 setups, but with some variation, let me know if you view them in different way or else you have another point of view
Attached Image (click to enlarge)
Click to Enlarge Name: PCRF.jpg Size: 499 KB
I Have Learned to Take Some Losses to Make Profits
  • #38,977
  • Jun 28, 2014 9:12am Jun 28, 2014 9:12am
Quoting pips29
{quote} I don't think I can trade this market even for 10 pips+spread. Just notice you got a ma on your chart. On one trade you are trading away from it and on another you are trading towards it. I reckon you are just trading the TDI cross and the ma does not influence your trading style. Am I 1/2 wrong..
Scorps, that was my outlook for the day. Anyway,it was friday and close to market close where liquidity is low and MM can easily manipulate the prices. Therefore, I would not have taken the £ pairs. As for E/y perhaps. What I am going to say might get feedback that I don't respect big E. Eric had placed a lot of emphasis on trading the cross that happens on the TDI. He mentioned looking at the TDI first before everything else. I did that. Now how to be true to this statement. I started thinking quietly, of course and then, uereka! it struck me. Just do what big E said and that is trade the cross as entry and exit as it crosses back or when it hooks
the cautious seldom err....C
  • #38,978
  • Jun 28, 2014 9:40am Jun 28, 2014 9:40am
Quoting Kanderpro
{quote} Hello JMN5611, You are judging posters as disrespectful if they don't trade exactly the way that Eric did. This is wrong. Eric was ground-breaking in his use of the TDI and, as the thread closes in on 39000 posts, I am having difficulty in recalling more than a few who have been disrespectful to Eric. I estimate that all posters recognise that Eric has done them a huge favour in showing them his perspective of how the TDI can be used. All of our brains work differently so we all see different things. This thread has become a home for posters'...
If I am being judgmental then it is the judgement that the original thread starter did not want the system altered in any way

Eric was more than clear that there are to be no alterations to the system. Now, that said, I have taught nothing. Teaching would imply that I am injecting something new into a proven method, which is just plain stupid.

But I understand that keeping a thread on topic is like herding cats.

Anyway, no disrespect to any of you who choose not to follow the thread founder. It is what is.
If you are good at something, never do it for free--Joker
  • #38,979
  • Edited 9:56am Jun 28, 2014 9:45am | Edited 9:56am
Quoting Flipper58
{quote} I've probably read them over a 100 times already but thanks for the heads up.
Wow, not much to say after that. I can't discuss with someone who admits to reading something over 100 times and still going against it. Please do carry on with your "evolution"
If you are good at something, never do it for free--Joker
  • #38,980
  • Edited 10:06am Jun 28, 2014 9:45am | Edited 10:06am
Quoting TheScorpS
{quote} Nice one Pips 29 and thanks for the indicator too In this case all you ones have to do is just shut and listen , classic Anyway I like when things line up on pairs like this one for learning experience, almost identical setup but in what way will you interrupt each and every one I marked an entry line on each of those pairs, all of them formed PCRF as in phx62 setups, but with some variation, let me know if you view them in different way or else you have another point of view {image}
Just viewing the images, taking nothing else into consideration, they all have pcrf's so very similar PA so I would have to look at the TDI differences, I am going to use the mbl this time, if I had to choose between most likely to least, first choice would be EJ. TDI green is crossing both the mbl and red line at the same time with a good angle and they are usually very good trades. 2nd choice would be GJ, good angle, tdi green is just crossing the mbl, 3rd choice and probably wouldn't take it would be GU, not a very good angle on the cross, is still below the mbl but hasn't been down to the extremes first.

Edit: I've just noticed that GU is one of those exceptions I was talking about with my experiment next week. Price hasn't moved very far on the first few candles where the cross happens, but it does bounce up with a good angle on the fourth candle I would take it there.
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