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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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MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #45,741
  • Dec 4, 2014 8:26am Dec 4, 2014 8:26am
Quoting snarlyjack
{quote} Bizzzle, I think you just hit on the key point. The system works! The key is you have to master it! It's like when you first learn to ride a bicycle. You start with training wheels & slowly learn how to ride. Soon enough you take the training wheels off & start gliding around...
Yes but I believe it more like learning to drive a car!

We can read many book telling us how to drive and also many experts can show us how to drive, but what happens when we get in the car to drive??

WE CANT!! why?

Because we need to learn from our own experiences and learn the rules of the road and stick to them!!

Trading is the same many people can tell us how to trade and we can read books but this doesn't make us traders!!

Give yourself a chance and trade it like it's layed out...
  • #45,742
  • Edited 8:45am Dec 4, 2014 8:30am | Edited 8:45am
Quoting twellve
{quote} Wise words Griffin....I know for the future - so do you stay away from the market on announcement day and how long does it take to settle back down for H1/H4 to not be skewed by the announcement?
Hard question to answer in black&white rules... I've been struggling with this myself for a long time but if you are trading 1H you will usually get slaughtered... LOL! It chaotic more than random... LOL! Here is an example that I spotted... very typical of what happens... this looks like a winning TMS trade on the 1H/4H ... 80pips in a flash... you just wont know how big your SL will have to be... [if you're thinking I'll just move my SL ... dont... LOL! ... if you're thinking I wont have a SL at all ... ... LOL!] That one HA candle was around 130pips!!! What this means is your trade will be right but you'll get it wrong... Trade Safe!
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  • #45,743
  • Dec 4, 2014 8:52am Dec 4, 2014 8:52am
Let's look at the eur/usd chart.

It's 7:45 a.m. (my time) and news has
come out. The Eur/usd retraced into the guppy's.

***A lot of traders will position themselves long in the
market. But their are some "contrary traders" that
will position themselves on the short side to get a
better buy in.***

You want to learn to think like a contrary trader
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  • #45,744
  • Dec 4, 2014 8:54am Dec 4, 2014 8:54am
Quoting griffinssoul
{quote} Hard question to answer in black&white rules... I've been struggling with this myself for a long time but if you are trading 1H you will usually get slaughtered... LOL! It chaotic more than random... LOL! Here is an example that I spotted... very typical of what happens... this looks like a winning TMS trade on the 1H/4H ... 80pips in a flash... you just wont know how big your SL will have to be... [if you're thinking I'll just move my SL ... dont... LOL! ... if you're thinking I wont have a SL at all ... ... LOL!] That one HA candle...
I have been using the strategy tester now on GU, UJ, GN on 1h and 4H TF. I know its not quite like real life as I would be checking multiple timeframes but I have noticed a huge difference it the quality of the trades and In my opinion the stress levels of each TF. For now Im sticking to the 4H/Daily set up. Will do scalps but you need to know when they are scalps. I have a large Stop loss (+10 from previous swing high/low) and I have downed my lot size to account for this. Having stops to tight in this method of trading is a no go, have to let the trade breath and trade what you see. The stop is more of a protection rather than anything else, I dont expect it to get hit, I will exit at a loss if the signal changes as per Eelfranz rules.
  • #45,745
  • Dec 4, 2014 8:58am Dec 4, 2014 8:58am
Long NZDUSD
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  • #45,746
  • Dec 4, 2014 9:05am Dec 4, 2014 9:05am
Quoting Fd7999
{quote} I have been using the strategy tester now on GU, UJ, GN on 1h and 4H TF. I know its not quite like real life as I would be checking multiple timeframes but I have noticed a huge difference it the quality of the trades and In my opinion the stress levels of each TF. For now Im sticking to the 4H/Daily set up. Will do scalps but you need to know when they are scalps. I have a large Stop loss (+10 from previous swing high/low) and I have downed my lot size to account for this. Having stops to tight in this method of trading is a no go, have...
Fd7999,

That is excellent!

I love it when you & MrAussieFx turn on your back tester/
strategy tester. You can learn a great deal quite fast.

I remember Eelfranz saying he started making money when
he switched from the lower time frames to the higher time frames.

I'm glad you guys are really testing it out on your strategy tester...
I would love to watch the back test video's if you put them up!
  • #45,747
  • Dec 4, 2014 9:08am Dec 4, 2014 9:08am
Quoting snarlyjack
{quote} Fd7999, That is excellent! I love it when you & MrAussieFx turn on your back tester/ strategy tester. You can learn a great deal quite fast. I remember Eelfranz saying he started making money when he switched from the lower time frames to the higher time frames. I'm glad you guys are really testing it out on your strategy tester... I would love to watch the back test video's if you put them up!
Well said SJ. Thanks Fd7999 & MrAussieFx - a youtube video [like the last one] would be excellent if possible!!! Many thanks and great work!
  • #45,748
  • Dec 4, 2014 9:39am Dec 4, 2014 9:39am
Thanks SJ and Griff, its something I would recommend all newbies to get the hang of. Its not just good for TMS but any strategy you chose to go with. Yes it can be boring sometimes but if you want to make any money in this then you need to put the effort in. Its there for the taking, you just need to learn a strategy that works (TMS), then the rest is down to you, discipline, patience and sticking to your plan.

For anyone with a twitchy finger go on the Strategy tester and start playing around with that, you will soon see how good your twitch is.
  • #45,749
  • Dec 4, 2014 9:43am Dec 4, 2014 9:43am
GBP/NZD SHORT on H4 @15.00 (gmt+1)

Fantastic trade on GN, evil pair ... can be very difficult to trade at times, to be totally honest with you, I was afraid it could get my SL at first ... very volatile around NYO !!

The situation was this: 14.30 my time Draghi started his speech, at 15.00 all pairs as you have noticed were all choppy and volatile ...
I decided to take GN because of two reasons: very good setup on H4, although a bit difficult on D1, GBP has run a lot in these days, I thought that with the 'strong' Euro movement upward (due to Draghi) it was the time for Her Majesty the Pound to go back to sleep ...

I closed 1/3 around +30, another 1/3 around +40 now as I am talking and I let the last 1/3 run, with SL to BE+2

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Maybe I will close it manually, but I have my TP set low down +85 from my entry.
Hope you all could jump on it too.


Attached Image
Lorenzo
  • #45,750
  • Dec 4, 2014 9:47am Dec 4, 2014 9:47am
Closed 3/4 position +25 pips.
1/4 remain open
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  • #45,751
  • Dec 4, 2014 9:49am Dec 4, 2014 9:49am
Quoting erelation
Closed 3/4 position +25 pips. 1/4 remain open {image}
Just did the same on my N/U trade .well done mate!
I just prefer to take 1/3 out per time ... but only because my size is easy to divide by 3

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Lorenzo
  • #45,752
  • Dec 4, 2014 10:06am Dec 4, 2014 10:06am
Quoting lorbax
{quote} Just did the same on my N/U trade .well done mate! I just prefer to take 1/3 out per time ... but only because my size is easy to divide by 3 {image}
Very sharp entry's on both trades Lorbax, I just closed my GN for +30. Still in my NU, very similar trades. (TP hit while posting)
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  • #45,753
  • Dec 4, 2014 10:27am Dec 4, 2014 10:27am
Quoting Fd7999
{quote} Very sharp entry's on both trades Lorbax, I just closed my GN for +30. Still in my NU, very similar trades. (TP hit while posting) {image}
Well done you too mate!!
Let's close this week very well tomorrow ....

have a good evening/night/day you all
Lorenzo
  • #45,754
  • Dec 4, 2014 10:38am Dec 4, 2014 10:38am
Quoting lorbax
{quote} Well done you too mate!! Let's close this week very well tomorrow .... have a good evening/night/day you all
Night more learning too
  • #45,755
  • Dec 4, 2014 11:02am Dec 4, 2014 11:02am
Quoting snarlyjack
Good morning everyone. Let's talk about the system for a second to give you a brief history of the whole thing. I think Eelfranz got involved with Dean Malone at Compass Fx (Synergy) in about 2007. Eelfranz was introduced to the Tdi & liked it. Eelfranz living on the west coast of the USA was looking for a 4 hour system. Eelfranz was a pretty aggressive trader. The inventor of the Tdi Dean Malone is a pretty conservative trader and Eelfranz blended the system into Tms. Tms is a pretty aggressive system. We have Tms & Synergy, then Dean Malone came...

Thanks for that post, very intresting contribution !!
But could you please explain , what specially makes it more accurate , as you said ??
thanks Guido
Risiko birgt immer auch die Chance.
  • #45,756
  • Dec 4, 2014 11:25am Dec 4, 2014 11:25am
Here´s a PM , a new member sent to me ... I think all questions should be public .

""""Sorry for bothering you.I would like to have information about the TMS strategy because it seems you are experienced in the system. I don't post directly on the file, in order not to be ridiculous. I searched some information on the file but it's very heavy. I read the 100 first posts and the pdf.
I think the system is too simple. What will make the difference between someone using the ea version and someone? Are there filters i didn't see that permite avoiding false signals? I saw only restrictions for small candles and ranges. Are there more?
Actually it seems the system is halfway between distretionary and automationable. Do you think it is a good idea to use ea backtest to have an idea of wich are the best instruments and trade manually. Following those results the best instruments are eurusd, gbpjpy, usdjpy, gbpusd. Are you ok with that.
I thank you verymuch if you have time to answer. Even few questions shoudl be fine. """""

All fine , you don´t bother .

As first I wanna let you know , I´m really new to the TMS !!
That s one of the reasons why I post your questions here , because I´m not sure If I can answer all questions
and this way the better expereiented TMS traders have a chance to say something and may be correct me .

In fact , the system is simple , but never easy !!
To work successful on anything in live , it´s neccessary to do it systematic if you want to continue it over and over again !
There will never be an " EA " that makes any system work ! ( not on retail conditions )
So nobody uses one in the long run successful .. ( not on retail conditions)

Filters/ discretionary :
Yes , of course there are " filters " like small candles , steepness of the TDI break .. space for the trade ..
candlesizes ..... high impact news coming soon , areas of support / resistance .. and I´m sure I forgot some
...... that s the reason , why a fullautomatic system can ´t work !! NEVER..

The instruments :
make sure , minimum one market is open to your tradingtimes !
next thing is : What fits to you ?? TF and spiky or not ??
For example , I´m not successful with the TMS lower than H4 !
How many hours or days do you want to keep your positions / what do you expect ??
I cannot recomment EUR/USD , but this is only my opinion !
You have to use the simulator and find out , what fits to you !
I have no idea about your tradingstyle , how many pairs/ open trades you like to manage at the same time .., nobody knows !
You have to find it out at the simulator!!

So I hope I could answer your questions , you are always welcome !
TMS questions can be always posted in the thread, because you´ll have quickly a qualitative good answer from
different experiented members here..

Guido
Risiko birgt immer auch die Chance.
  • #45,757
  • Dec 4, 2014 11:43am Dec 4, 2014 11:43am
Hi snarlyjack,

Two questions (and pledges) I have to keep you away from your Harley: First, as you knew and met BigE personally - any photo of him and further details (or a link where I could search) available? And secondly, your combined TMS-SynergyP-DOTS "monster" - any setup file and ruleset available?

Thanks

p.s. I´m always depressed when I remember the thread openers who had a fantastic trading concept only to be followed by serious health hazards -or worse. Anybody know how Cobra (THV) is nowadays?
  • #45,758
  • Dec 4, 2014 11:45am Dec 4, 2014 11:45am
Quoting eelfranz
Dean Malone @ www.compasfx.com trades a similar method but it's very conserative... to slow for me and I had to pass on a lot of pips using his rules and he trades 15 min charts which I don't like... If you want the Original TDI Indicator and HA candle indicator (Average Price Bars) go to the site above. They are free downloads. You can remove what you want... Dean invented the TDI... and I removed all the extra lines to make it easy to look at and trade... same thing with his Synergy charts... I kept eliminating...
Sesamstrasse,

When Eelfranz developed Tms he stripped everything off of his charts
except for the Tdi & 5 ema shift 2. He did not like trading with s/r levels
or the trend and just kinda went for it. He used the Tdi cross as his
entry into every position. Later on he dropped the 5 ema shift 2 and just
went with every Tdi cross.

It's a very aggressive style to trade and my money was flying around all
over the place. One day I said to myself I need to get more conservative
in my trading. And started using s/r levels and fine tuning the trend.

What we have done by adding s/r levels & trend into the system, imho
makes it much easier to trade & way more accurate & way more profitable.
Yes you miss some good trade set-ups but you make up for it with good
quality trades. What we want to do in our trading is get consistence.

Once we get consistence in our trading then we can use our pyramiding &
money management better. The secret to trading, isn't making trades all
over the place. The secret to trading is consistence...

I hope this helps you!

sj
  • #45,759
  • Dec 4, 2014 11:50am Dec 4, 2014 11:50am
Took the Eur/Usd and just like lorbax the GN today. Made good profit with it. But how exactly do you guys trade? Open 1 position with 1:3 SL/TP? Or open multiple positions (but for example smaller ones in size). I want to know the best way to trade it!
  • #45,760
  • Dec 4, 2014 11:54am Dec 4, 2014 11:54am
Quoting snarlyjack
{quote} Sesamstrasse, When Eelfranz developed Tms he stripped everything off of his charts except for the Tdi & 5 ema shift 2. He did not like trading with s/r levels or the trend and just kinda went for it. He used the Tdi cross as his entry into every position. Later on he dropped the 5 ema shift 2 and just went with every Tdi cross. It's a very aggressive style to trade and my money was flying around all over the place. One day I said to myself I need to get more conservative in my trading. And started using s/r levels and fine tuning the trend....
very well explained and yes, that helped much .. thank you for that !
I totally agree more trades means not more pips automaticly ..
I ll give it a watch the coming days .
I´m still new to the TMS and it´s style .. need to find my way on it .
Your contributions helps me with that a lot .
Guido
Risiko birgt immer auch die Chance.
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