Trading Made Simple | Page 2174 | 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

  • #43,461
  • Nov 9, 2014 10:08am Nov 9, 2014 10:08am
Quoting ababias
{quote} Thanks for the useful & refreshing inputs. I think all the members who are following this thread for years will agree with what you said. I am just trying to gather some knowledge apart from the TDI which other seniors members uses with other strategies. I am here to gain knowledge from all the members who have wisdom in their own way. For a while, with my work load and other family activities not able to concentrate on the early morning trades on 4H as Big B used to execute his trade. As my work load is reduced, I will focus on 4H on London...
I take a trade at LO if there is anything good, I'd wait until the open of the second hour after london open if I can't find anything good before, but very rarely. I tend to overtrade if I stick around too long.

This is what I see every morning, 15 minutes before LO. It's my portfolio. I don't trade all 12 of them at once, I look for the best opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2014-11-09 18.06.43.png Size: 166 KB
  • #43,462
  • Nov 9, 2014 10:15am Nov 9, 2014 10:15am
Quoting WDays
{quote} I take a trade at LO if there is anything good, I'd wait until the open of the second hour after london open if I can't find anything good before, but very rarely. I tend to overtrade if I stick around too long. This is what I see every morning, 15 minutes before LO. It's my portfolio. I don't trade all 12 of them at once, I look for the best opportunity. {image}
Thanks for the response.
Correct me, if I am wrong. Do you trade H1 or H4? I thought you trade H4.

AB
  • #43,463
  • Nov 9, 2014 10:16am Nov 9, 2014 10:16am
Quoting ababias
{quote} Thanks for the response. Correct me, if I am wrong. Do you trade H1 or H4? I thought you trade H4. AB
Just like LW, I trade H1 with the H4 TDI on my chart
  • #43,464
  • Edited 11:23am Nov 9, 2014 10:37am | Edited 11:23am
Quoting ababias
{quote}TDI cross on the third candle is a risky trade.
You need to pay more attention to what TMS has to offer before you add other things.
Master the basic first.
This is on the first page, by the way.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-09_2334.png Size: 19 KB


Quoting ababias
{quote}I need to glance on left of the screen, what PA is doing?
The idea is simpler than that. You just want your signal candle to have reasonable size.
You can easily compare it to other candles, which would be on the left of course.
Everything you can imagine, is real - Pablo Picasso
  • #43,465
  • Nov 9, 2014 11:06am Nov 9, 2014 11:06am
Quoting WDays
{quote} I take a trade at LO if there is anything good, I'd wait until the open of the second hour after london open if I can't find anything good before, but very rarely. I tend to overtrade if I stick around too long. This is what I see every morning, 15 minutes before LO. It's my portfolio. I don't trade all 12 of them at once, I look for the best opportunity. {image}
If i may, out of curiosity, based on the 12 pairs you have here at the time its posted, which one would you choose and why?
because in my own opinion, i would have picked EJ because it reject 142.3 for the second time. but maybe you see more than what i see.
thanks in advance WD
Daniel
  • #43,466
  • Nov 9, 2014 11:10am Nov 9, 2014 11:10am
Quoting Greenb
{quote} If i may, out of curiosity, based on the 12 pairs you have here at the time its posted, which one would you choose and why? because in my own opinion, i would have picked EJ because it reject 142.3 for the second time. but maybe you see more than what i see. thanks in advance WD
Likewise, or if I didn't have the H4 tdi on my chart, I'd also give a shot on GBPAUD because theres a test of the trendline, neat TDI cross, divergence etc. But going by the fact that it's now 7 pm on a saturday, I really doubt I'll pull the trigger There's divergence on EJ also, double bottom and divergence is my cue to go counter-trend
  • #43,467
  • Nov 9, 2014 11:53am Nov 9, 2014 11:53am
Quoting WDays
{quote}{quote} Understandable, been there done that. But here's the deal, TMS is simple, look for good market conditions in particular a trending market, then just be patient, open trades at times where markets overlap so you're sure that it will fly. When you've chosen, just lower your eyes to the indicator section of your chart and see what TDI's telling you. You have a cross and you have a bounce. The reason I'm saying that you need to see green come over or under red clearly is because if you take the plunge on a simple touch of green and red...
if you wanna pray the pure stuff don't add your own stuff - eelfranz reduced TDI to Red cross Green and eliminated the MBL - instead of firing against other people who kept this thread alive for a long time maybe you should calm down a little bit - nevertheless, there is something true about what you're saying - the charme of TMS is to keep things simple - but we should also keep in mind the enormous effort of emanuel to keep this thread vivid as it is right now - hope this will going on as it was in the past
Never give up!!
  • #43,468
  • Nov 9, 2014 12:06pm Nov 9, 2014 12:06pm
Good morning everyone, from western USA:

I have learned a couple of things in my trading...

First of all their is no "Holy Grail". I don't know of any method/system with a 100%
hit rate. Things happen! So you need a good emergency stop. Not to close
not to far. The trade must develop & breathe. Then it's a probability game...

My trading started getting better once I learned to use my patience. Almost
a set & forget type of trading, especially on the daily chart. I know what %'s
my trades hit & I just sit back and let the market do it's thing. Most of the time
I don't even watch it. It either hit's my target or I get taken out.

When I enter a trade, I try to stack the odds in my favor. I do this by being
very aware of the trend and level's and tdi. I keep it as simple as possible
yet effective...
  • #43,469
  • Nov 9, 2014 12:09pm Nov 9, 2014 12:09pm
Quoting Haendlerin
{quote} if you wanna pray the pure stuff don't add your own stuff - eelfranz reduced TDI to Red cross Green and eliminated the MBL - instead of firing against other people who kept this thread alive for a long time maybe you should calm down a little bit - nevertheless, there is something true about what you're saying - the charme of TMS is to keep things simple - but we should also keep in mind the enormous effort of emanuel to keep this thread vivid as it is right now - hope this will going on as it was in the past
I'm not going to indulge in a mindless flamewar against you or Emm for that matter. Emmanuel is NOT the only one who kept this thread alive and what you're saying does not justify being his fanboi. You have your own opinion, a lot of us have ours. You heard what others said - all his chatter about MM just confuses the hell out of new traders who actually want to study TMS and not the "plan your exits" thread. This should be about entries, not different trade management models.
  • #43,470
  • Nov 9, 2014 12:13pm Nov 9, 2014 12:13pm
Quoting emmanuel7788
{quote} TST, my group' the weekly planning session starts in 2hours London 15:00hour. I thought you are in Joe' skype group. You guys doing own weekly analysis together or not? regards,
Yes I'm at Joe skype group but Joe is long gone and I have no contact with him whatsoever, might give him an email If so well sometime, and about the weekly planning still we didn't get in a way to do that, so its individual work at the moment
I Have Learned to Take Some Losses to Make Profits
  • #43,471
  • Nov 9, 2014 12:16pm Nov 9, 2014 12:16pm
Quoting WDays
{quote} I'm not going to indulge in a mindless flamewar against you or Emm for that matter. Emmanuel is NOT the only one who kept this thread alive and what you're saying does not justify being his fanboi. You have your own opinion, a lot of us have ours. You heard what others said - all his chatter about MM just confuses the hell out of new traders who actually want to study TMS and not the "plan your exits" thread. This should be about entries, not different trade management models.
as I said - I like your intention of keep thinks simple - as the header of this thread implies T M S - we should go forward in this direction
Never give up!!
  • #43,472
  • Edited 12:53pm Nov 9, 2014 12:43pm | Edited 12:53pm
Quoting ababias
{quote} In the figure below, I would have taken a shot trade. But, the price is entered the Guppy long. I know the TDI angle is not good. What you would do in those situation where the price will bounce of the PAC but does not continue in the direction of Guppy trend. This example may not be that good. This situation happens very often and that's where my confidence will go down drastically and fear to take even good trade. Pl. advise. Thanks, AB {image}
Hi AB,

Sorry to chirp in this one.
When we are in doubt, best thing is to look back to Big E H4 trading rules.
Someimes, the TDI cross may not be clearly visible,what we can do is to look in the MT4 Data Window and read the data in there.
I wrote some comment on the charts below and point to that particulr time of your chart question
Hope this will explain how I look at things.
Note, the chart below is FXDD the same broker Eric used.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD AB post reply.png Size: 105 KB


kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,473
  • Nov 9, 2014 12:50pm Nov 9, 2014 12:50pm
Quoting TheScorpS
{quote} Yes I'm at Joe skype group but Joe is long gone and I have no contact with him whatsoever, might give him an email If so well sometime, and about the weekly planning still we didn't get in a way to do that, so its individual work at the moment

Hi TSS,

sorry to learn that Joe' skype group no longer exist. Several others also no longer exist. I know only 2 still running well together other than my own group.

my group' planning session finished an hour ago, now I feed my hunger and wait for NYO.
if you need any analysis , just let me know which partiulr currency pair you want.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,474
  • Nov 9, 2014 2:13pm Nov 9, 2014 2:13pm
Hey Everyone...

I love Big E & used to talk with him on the phone. He only lived about 400 miles
from where I live. He was a great trader, friend & teacher...

Imho, Emmanuel was correct when he said that if Big E would have lived the
Tms system would have evolved. Why would Emmanuel, X-Man & myself say that?

Enclosed is the Monthly chart of the gbp/usd going back quite a few years.
When Big E put this system together back in 2008 (7-8 years ago) the world
economic system was undergoing a huge change with lot's of volatility. Since
then volatility in the markets have changed and were not seeing the huge moves.

Big E made a ton of money using the basic Tms back in 2008. I like Tms and it
works like a charm...but you know human nature, with to much time on our hands
we try to tweek the system to make it even better. What your seeing is the tweek's.
So don't freak out...try to learn something from the process!

Check out 2008/2009/2010 this will give you the history of where we have been.

Thanks for being so nice everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 68 KB
  • #43,475
  • Nov 9, 2014 5:02pm Nov 9, 2014 5:02pm
Quoting snarlyjack
Hey Everyone... I love Big E & used to talk with him on the phone. He only lived about 400 miles from where I live. He was a great trader, friend & teacher... Imho, Emmanuel was correct when he said that if Big E would have lived the Tms system would have evolved. Why would Emmanuel, X-Man & myself say that? Enclosed is the Monthly chart of the gbp/usd going back quite a few years. When Big E put this system together back in 2008 (7-8 years ago) the world economic system was undergoing a huge change with lot's of volatility. Since then volatility...
Hi Snarly,thank you for sharing
  • #43,476
  • Nov 9, 2014 5:05pm Nov 9, 2014 5:05pm
Quoting emmanuel7788
{quote} Hi AB, Sorry to chirp in this one. When we are in doubt, best thing is to look back to Big E H4 trading rules. Someimes, the TDI cross may not be clearly visible,what we can do is to look in the MT4 Data Window and read the data in there. I wrote some comment on the charts below and point to that particulr time of your chart question Hope this will explain how I look at things. Note, the chart below is FXDD the same broker Eric used. {image} kind regards,
Alo Manny,nice put,good job in remind us to look back what Big E did for us traders.
Happy Trading
  • #43,477
  • Nov 9, 2014 6:09pm Nov 9, 2014 6:09pm
It s my Monday morning here so have a good and positive week to all TMS traders.

I'd like to express my appreciation to all that have made tons of contributions in this thread both seniors who shared their knowledges and experiences about fx in general and TMS method, and newbies who asked questions which I missed or was not aware of.

I have learnt a lot since I joined this thread, there is only my part that need to be changed is how to manage my trades to a better level. As per LW's and other seniors' advices, I should focus on higher TF where I have habit of focusing on lower TF to exit my trades. That's why I have not done well yet even though I know quite well how to enter a trade ( I mean I can spot a good signal easily).

For me and I believe for a lot of people here , it will never be too much to learn as with more knowledge by learning and experience from doing, we all become better every day personally and professionally.

I have not been in good shape (emotional side) as I recently lost a good old friend (passed away still young), so I hope I don't lose anyone (being upset) who made lots of contributions and have helped others in this thread. We all have choice to to make, so let s choose it wisely and we need to remember not blame anyone for our actions and results...

Have lots of green pips and happy trading to all.
Appreciation is the key to wealth and happiness
  • #43,478
  • Nov 9, 2014 8:17pm Nov 9, 2014 8:17pm
Quoting likica
It s my Monday morning here so have a good and positive week to all TMS traders. I'd like to express my appreciation to all that have made tons of contributions in this thread both seniors who shared their knowledges and experiences about fx in general and TMS method, and newbies who asked questions which I missed or was not aware of. I have learnt a lot since I joined this thread, there is only my part that need to be changed is how to manage my trades to a better level. As per LW's and other seniors' advices, I should focus on higher TF where...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,479
  • Edited 11:30pm Nov 9, 2014 8:22pm | Edited 11:30pm
Quoting lastingwell
{quote} Below are the inputs I have been using. You may need different inputs depending on what you want to see, most of the values I've just left as they were. I wanted to watch more pairs comfortably so I needed a reliable alert at the open of the candle and so far this looks good after I saw britpip7 was using it. but none of the values are set in stone at the moment I am still tweaking it. {image} {image}
Hi, LW and all

I set Watchdog just the same as LW's and now I am receiving tons of emails when I monitor 12 pairs....
Is this normal behavior?

Thanks

EDIT: It seems Oil got some problem....
Attached Image


Even if I disabled Refresh...
Attached Image
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,480
  • Nov 9, 2014 8:57pm Nov 9, 2014 8:57pm
I am a novice, using a translation
From July 2014, found that TMS, a thoroughly reading 1~2175 page
Learn ABCD, supply and demand, the pullback candles, practice 500 times
Now EURUSD H1 + F12 practice back test not loss not win ,tie
for now the old chart can know what happened, but on the right do not know

I now how to do?
Continue to practice these charts?
Training eyes?
thanks

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYFXFH4.png Size: 99 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYFXFH1.png Size: 91 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 85 KB
Do not understand English, forgive me with google translation
137 traders viewing now, 1 is registered:
Gatuzzo