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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

  • #45,761
  • Dec 4, 2014 11:57am Dec 4, 2014 11:57am
Quoting Forex37
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?
Nice meeting you Forex37,

I never met Eelfranz. However, I did talk with him on the phone pretty regular &
lot's of e-mails plus the Tms forum. Eelfranz has a long history here
at Forex Factory if you search the history of Eelfranz.

I think I have laid the system out pretty clearly (in my mind anyway). If you
go back to my threads starting in mid October you will learn it.

One correction. This is not my system! This is how I trade Tms. We all
trade it differently. This is a combination of Eelfranz & Dean Malone.
I'm just showing what works for me

sj
  • #45,762
  • Dec 4, 2014 12:00pm Dec 4, 2014 12:00pm
Sesamstrasse,

you are aware that there were some (working) EAs for TMS. But then MT4 upgrades were introduced almost weekly, the eas had to be adjusted -- I`m not were of the present situation - especially as both coders (Steve Hopwood and Seller9) have newer prosperous work accomplished.

Regards
  • #45,763
  • Edited 12:48pm Dec 4, 2014 12:33pm | Edited 12:48pm
Quoting Forex37
Sesamstrasse, you are aware that there were some (working) EAs for TMS. But then MT4 upgrades were introduced almost weekly, the eas had to be adjusted -- I`m not were of the present situation - especially as both coders (Steve Hopwood and Seller9) have newer prosperous work accomplished. Regards
I live in the most important european marketplace after London in Frankfurt.I know som institutuonal traders and have a little more than 7 years experience with tradig.. around 5 of them successful in live accounts . And I have never seen any fullautomatic systems that works in a long run !All the coders modify their systems every week or months .. but none .... yes really none works stable in the market and produces stable more green than red pips .Let me know when you find one ! A working system does not need any configuration .. because it works !Good luck to you... its a little off topic .. so we should continue on another place .Guido
Risiko birgt immer auch die Chance.
  • #45,764
  • Dec 4, 2014 1:43pm Dec 4, 2014 1:43pm
It's about 20 minutes until the 4 hour candle change.

Before we were talking about price action & the apb's.
If you look at the very last apb, you will see that they
are almost pin-bars. You want to notice things like that!
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  • #45,765
  • Dec 4, 2014 1:53pm Dec 4, 2014 1:53pm
Quoting snarlyjack
It's about 20 minutes until the 4 hour candle change. Before we were talking about price action & the apb's. If you look at the very last apb, you will see that they are almost pin-bars. You want to notice things like that! {image} {image}

Thanks SJ - does it mean yogi (bears) is out to feed but there arent any pickaniks...if you get my drift??
  • #45,766
  • Dec 4, 2014 2:05pm Dec 4, 2014 2:05pm
Quoting twellve
{quote} Thanks SJ - does it mean yogi (bears) is out to feed but there arent any pickaniks...if you get my drift??

Twellve,

I think it means i would be careful going long on the eur/usd,
and short on the usd/jpy. Those are very strong trends going
on in those pairs, right now... we shall see.
  • #45,767
  • Dec 4, 2014 2:20pm Dec 4, 2014 2:20pm
oh I thought the hammer meant they are trying to knock the price down ...
  • #45,768
  • Dec 4, 2014 3:22pm Dec 4, 2014 3:22pm
i have been demo trading tms, what i do is wait for a new candle and cross on 4hour chart and place trades in the morning (gmt), really as simple as that and i probably lost one trade

however coming on this thread sometimes, i see a lot of deep analysis and stuff that i really don't understand

am i trading it too simply?
  • #45,769
  • Dec 4, 2014 3:41pm Dec 4, 2014 3:41pm
Quoting shay14
i have been demo trading tms, what i do is wait for a new candle and cross on 4hour chart and place trades in the morning (gmt), really as simple as that and i probably lost one trade however coming on this thread sometimes, i see a lot of deep analysis and stuff that i really don't understand am i trading it too simply?
it doesn't matter how you trade as long as you have a strategy you stick to and it works for you. I dont trade anything lower than the 4H however I will look briefly at the 1H to check for short pull backs to try and refine my entrys, but I stick to the 4H/Daily trends. the 1H is to volatile for me. As SJ or some-other wise cookie puts it - More trading does not mean more pips.... Do what works for you.
  • #45,770
  • Dec 4, 2014 4:19pm Dec 4, 2014 4:19pm
Guys, I still have the question of how you guys execute your trades? Do you use multiple positions or only one? And how does it work with the break even SL? Or do you open just ONE position with ONE SL and 1 TP?
  • #45,771
  • Dec 4, 2014 4:23pm Dec 4, 2014 4:23pm
Quoting AcerPhoon
Guys, I still have the question of how you guys execute your trades? Do you use multiple positions or only one? And how does it work with the break even SL? Or do you open just ONE position with ONE SL and 1 TP?
If you go in to the paperclip at the top and read about the system there. It will explain it in more detail than I ever could. Best of luck.
  • #45,772
  • Dec 4, 2014 6:00pm Dec 4, 2014 6:00pm
Hey Everyone,

***Keep in mind that Friday morning 8:30 N/Y time is
Non-farm payroll news. We could see some volatility!
Be careful with your trades!***
  • #45,773
  • Dec 4, 2014 8:11pm Dec 4, 2014 8:11pm
Quoting AcerPhoon
Guys, I still have the question of how you guys execute your trades? Do you use multiple positions or only one? And how does it work with the break even SL? Or do you open just ONE position with ONE SL and 1 TP?
Acer,

for the 1st part of the question (multiposition), it really depends on the traders. Some people like Emmanuel, or Lorbax on his few last trades he post go with multiposition. some other traders like me just go for 1 position. It really depends on your money management.

How does it work with be sl? i dont understand what you are asking about? if you mean how to get break even SL, well, put your SL on your entry price +spread.
but if its Sl, for multiposition, it is yet again depends on the trader. some traders open 2 identical position at the same time which usually put the same SL when they enter, other traders get additional position after price moves from the 1st price in which case they usually have different SL unless they are already high in profit. In which case they could have just 1 general SL, or they could do 2 SL. again money management.

1 position is always 1 sl and 1 tp. tp could change, when we see a lot of momentum and raise it to tp point 2. SL does not get bigger, it only change to smaller/BE when we see price moves a certain distance and is made so that we protect some our capital and some potential profit from trade.

Hope this helps..

Greenb
Daniel
  • #45,774
  • Dec 4, 2014 8:14pm Dec 4, 2014 8:14pm
Quoting snarlyjack
Hey Everyone, ***Keep in mind that Friday morning 8:30 N/Y time is Non-farm payroll news. We could see some volatility! Be careful with your trades!***

snarlyjack,

hehehe, whenever you say be careful with your trade, i always have this picture of irony in my head.
"you are telling us to be careful in a business that have a really high risk. Hmmm......."
careful will be not be in this business, although i get your point. i hope you get the joke

Greenb
Daniel
  • #45,775
  • Dec 4, 2014 8:29pm Dec 4, 2014 8:29pm
2 trades last night, didn't have the time to post the conclusion until now. busy with exams....

AU and GU both 4h trades taken on LO-2
GU proves how patience is good. While AU proves...well....nothing....other than don't get happy fast...

GU -0.79 pips
AU +1 pips

GU, when i got in trade, i set my sl at the last high. TDI green cross is a weak 3.30-4 o clock slope and touching yellow MBL. I know that some of you don't use MBL but i do, and i like how MBL shows the resistance/support. Anyway, got in trade and then i left it to go to bed. (LO-2 =10pm). at 1.55AM i woke up to find GU is in 3-5pips loss, saw that green line on tdi is flat, and also saw how it came close to hitting my sl much earlier. so i got out at new candle (2AM) and somehow come out without losing more than 1 pips (big LOL) moment.
The take out of this trade....be patience and stop looking at the chart all the time.
Why? if i were looking at how the price goes in that 4H time, i will most likely get out of the trade close to where my SL is, and that would mean i will lose 20-30 pips easy.

AU, on the other hand, when i got in at LO-2, price immedietly moved in my favor for up to 20+ pips. at that point i thought that this would be a good trade. at 2 AM, this trad eis still at +8-14pips. at this point i get a bit worried and move my SL to BE+ a bit. reasoning, 4 hours and almost no movement after initial push...means either 1. this is not going to move much and may reverse direction. or 2. price is just consolidating and may push pretty soon. On this trade 1 happened. took me out at +1.
Reason i get in this trade even when its not a TDI cross and close to 32 line: It was following a strong push the candle before that broke the short term support and 00 level, in which case considering the rest of the candle that comes before it signals the continuation of move. The other reason, when TDI gets close to 32/68 is when price moves the most, also TDI becomes rather useless when they touch 32/68 zone

Thursday result= +0.21pips .... .. .....

I hope some of you guys could take some away from this 2 trades

Greenb
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Daniel
  • #45,776
  • Dec 4, 2014 10:12pm Dec 4, 2014 10:12pm
Quoting Greenb
2 trades last night, didn't have the time to post the conclusion until now. busy with exams.... AU and GU both 4h trades taken on LO-2 GU proves how patience is good. While AU proves...well....nothing....other than don't get happy fast... GU -0.79 pips AU +1 pips GU, when i got in trade, i set my sl at the last high. TDI green cross is a weak 3.30-4 o clock slope and touching yellow MBL. I know that some of you don't use MBL but i do, and i like how MBL shows the resistance/support. Anyway, got in trade and then i left it to go to bed. (LO-2 =10pm)....
You did better than me GreenB while being busy with exams.
You know sometimes winning did not make us feel good, like I what I took from oil short yesterday when seeing price stepping down. I had a few missed trades until I was happy with TDI and stoc ( as a scalper I normally have to pay attentions to HTF and scaled down my entries to M5 otherwise my SL could be huge, finally took only small profit (+26 green) while it moved more than 100 pips, not sure where my mind and my hands then as I often moved my PT along as price moved. Just sharing a thought
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Appreciation is the key to wealth and happiness
  • #45,777
  • Dec 4, 2014 10:19pm Dec 4, 2014 10:19pm
Quoting likica
{quote} You did better than me GreenB while being busy with exams. You know sometimes winning did not make us feel good, like I what I took from oil short yesterday when seeing price stepping down. I had a few missed trades until I was happy with TDI and stoc ( as a scalper I normally have to pay attentions to HTF and scaled down my entries to M5 otherwise my SL could be huge, finally took only small profit (+26 green) while it moved more than 100 pips, not sure where my mind and my hands then as I often moved my PT along as price moved....
Congrats likica & Greenb! - things are kinda weird @ the moment and there gonna get worse later...
  • #45,778
  • Dec 4, 2014 10:20pm Dec 4, 2014 10:20pm
Quoting snarlyjack
Hey Everyone, ***Keep in mind that Friday morning 8:30 N/Y time is Non-farm payroll news. We could see some volatility! Be careful with your trades!***
Thanks SJ ! I'm gonna be watching my Tick chart - just for fun...
  • #45,779
  • Dec 4, 2014 10:28pm Dec 4, 2014 10:28pm
Quoting griffinssoul
{quote} Congrats likica & Greenb! - things are kinda weird @ the moment and there gonna get worse later...
Thanks GS. Not sure what to do so re-decorated my charts with those EMA which made my charts looked art thingy and relaxing...
Appreciation is the key to wealth and happiness
  • #45,780
  • Dec 4, 2014 10:30pm Dec 4, 2014 10:30pm
Quoting likica
{quote} Thanks GS. Not sure what to do so re-decorated my charts with those EMA which made my charts looked art thingy and relaxing...
LOL! Cool...
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