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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

  • #47,181
  • Dec 17, 2014 10:13pm Dec 17, 2014 10:13pm
Quoting likica
{quote} trading into 200MA on H4 is a bit concerning...
thanks, I will look into it
  • #47,182
  • Dec 17, 2014 10:39pm Dec 17, 2014 10:39pm
So i was asked this questions by someone who just joined this thread. I'm sharing it on the forum in hope that other new traders that have the same questions could just find it here. Other traders are welcomed to comment also.

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Thank you so much. I was wondering how effective eelfranz's system has been for you so far. Also what are the current exact rules and indicators. I didn't seem to be able to find it as it seems that the system might have changed a little after his original post when this group was first started?
I would greatly appreciate your help. Thx.


how effective it is?
it is quite effective actually, especially when i combine 4htf with daily trend. Its quite effective to get into the start of a move. i mostly use 1h tf to get back into the trend. but the easiest is to stick with 4h TF or daily.

Indis?
still the same really, Synergy APB for the candle strength and TDI.
TDI is the most important. You can also add ema5shift2 to determine the trend. But really, TDI and APB are all you need.
the rules are still the same

setup entry on cross. Do not go on candle 3 or more if prices have moved (i have begin not to count the previous candle if they are small and ranging). Later on when you have more experience you can modified this. but the general rule is TDI cross APB candle 1 or 2 for setup entry.

The changes are mostly due to our own experiences. for example from what i gathered, emmanuel stresses MM and trend, Phx62 is more of PA since he goes on hourly chart and hourly chart needs a good understanding of PA. SJ uses guppy for trend and entries. it really depends on your trading style. once you adopt the system, you will inadvertently tweak it to suit your own. The basic however is still the same. Think of it this way, we can all have the same car with the same engine. but our time in lap is different because of the way we handle the car. In this case, the car is the basic of TMS, our driving skill is from our experience. you can go attack the lap aggressively and have higher risk, or you can go at it conservatively and have lower risk. The payout is all on your take.

also important to note that backtesting will help you alot. The more hours you spend looking at the chart, the easier it is for your brain to recognize chart patterns.

Hope this help.

Greenb
Daniel
  • #47,183
  • Dec 17, 2014 10:40pm Dec 17, 2014 10:40pm
Quoting bigpips
Hi Everyone! Hope you all had a great year and that you will spend some time away from you graphs and spend it with family! Use this as motivation that it is really possible or just leave it.. I used to always blame the timeframes and missed opportunities for not really moving ahead....I have been profitable for a few years now but there was no real consistency.. up 10%..down 6%..up 3%..down 8%..etc. $5k became $25k but it's been a rough journey. About 3/4 months ago after some of Emmanuel's post I really started to work on my game plan. Some of...
Bigpips,

Nice meeting you & welcome to Tms.

By my calculations you have 75% winners & 25% losers.
Which is excellent...Keep on trucking!
I think the 4 hour & daily charts are the cat's meow
Thank you for your statistics.
sj
  • #47,184
  • Dec 17, 2014 10:49pm Dec 17, 2014 10:49pm
Quoting Greenb
So i was asked this questions by someone who just joined this thread. I'm sharing it on the forum in hope that other new traders that have the same questions could just find it here. Other traders are welcomed to comment also. --------------------------------------------------------------------------------- --------------------------------------------------------------------------------- Thank you so much. I was wondering how effective eelfranz's system has been for you so far. Also what are the current exact rules and indicators. I didn't seem...
Greenb,

That was a excellent reply and very true!
Some of us have tweaked the basic Tms just a bit to fit our skills & interest.
The longer you trade the better you get, but we understand basic Tms!

Thank you!

sj
  • #47,185
  • Dec 17, 2014 10:53pm Dec 17, 2014 10:53pm
Hi SJ... You can read the win rate off the statement
Attached Image (click to enlarge)
Click to Enlarge Name: z.png Size: 140 KB
  • #47,186
  • Dec 17, 2014 10:56pm Dec 17, 2014 10:56pm
Hi guys do u trade the 4ht time frame same as 1hr tf...I mean do u guys look at daily for the overall trend and use the 200MA and the Guppy same way.

Regards
Dennis
  • #47,187
  • Dec 17, 2014 10:58pm Dec 17, 2014 10:58pm
Quoting moretti12
Hi SJ... You can read the win rate off the statement {image}
Moretti,

I stand corrected, that's even better 80%

sj
  • #47,188
  • Dec 17, 2014 10:59pm Dec 17, 2014 10:59pm
Quoting adikashyap
This trade was meant for FOMC .... As it was night time in India ... Had 75 pips SL and 100 pip TP ... and went to bed ... Woke up with this .... {image}
Adikashyap,

That is excellent!
Kinda fun isn't it...
sj
  • #47,189
  • Dec 17, 2014 11:03pm Dec 17, 2014 11:03pm
By the way, I thought this video was excellent.
It's about 1 1/2 hours long, but everyone should watch this video!
It's called "The Secret"...
sj

Inserted Video
  • #47,190
  • Dec 17, 2014 11:05pm Dec 17, 2014 11:05pm
Quoting snarlyjack
{quote} Greenb, That was a excellent reply and very true! Some of us have tweaked the basic Tms just a bit to fit our skills & interest. The longer you trade the better you get, but we understand basic Tms! Thank you! sj
Thanks for the confirmation SJ

Greenb
Daniel
  • #47,191
  • Dec 17, 2014 11:15pm Dec 17, 2014 11:15pm
SJ, have you watched some of Nido Qubein content?
Here he talks about position oneself for success...

i recommand everybody to watch both "the secret" and this video
Inserted Video
  • #47,192
  • Dec 17, 2014 11:23pm Dec 17, 2014 11:23pm
Quoting moretti12
{quote} Have you noticed how sideways GN is? I suggest you look for setups on the most trending pairs, you can find... the steeper the easier it gets Lets compare it with EA. GN {image} EA {image}
Yes, GN is sideways..not really suitable ya..
As to EA..yes..look to short ya?
thanks mate
  • #47,193
  • Dec 17, 2014 11:29pm Dec 17, 2014 11:29pm
Quoting likica
{quote} trading into 200MA on H4 is a bit concerning...
Sorry, it was supposed to be Daily (not H4)
and yes I should have waited for H1 retracement just as Moretti said, to get better price..
  • #47,194
  • Dec 17, 2014 11:33pm Dec 17, 2014 11:33pm
From a 1hr perspective i won't go short at the moment..
Price is at a swing low and has printed a double bottom pattern...
Thats certainly a bulish sign..
  • #47,195
  • Dec 17, 2014 11:50pm Dec 17, 2014 11:50pm
Quoting dennis4u15
Hi guys do u trade the 4ht time frame same as 1hr tf...I mean do u guys look at daily for the overall trend and use the 200MA and the Guppy same way. Regards Dennis
We preferably want to trade with the daily trend and find our entries on the lower time frames..

I have attached a PDF written by Emmanuel where he elaborates on this exact subject..
Attached File(s)
File Type: pdf TMS Trading Mastery Series(2).pdf   636 KB | 1,058 downloads
  • #47,196
  • Dec 18, 2014 12:32am Dec 18, 2014 12:32am
I'm looking at a eur/aud short, the daily is just crossing down and the 4 hr tdi could be getting ready for a bounce down, the aussie is so weak right now and this thing has been in quite an uptrend so i'm hesitant, the R:R looks nice though, any thoughts on this people? I see support at 151.58 so maybe I should wait until it breaks?
Attached Image (click to enlarge)
Click to Enlarge Name: euraudII.jpg Size: 230 KB
  • #47,197
  • Dec 18, 2014 12:45am Dec 18, 2014 12:45am
Quoting lastingwell
{quote}No, thats not right, light grey is supply/demand that has been tested before and threw the price back, the dark grey is untested.
Thank you for correcting me Lastingwell. I was quoting from the description in the indi settings not realising there was more to it....learning all the time.
  • #47,198
  • Dec 18, 2014 12:49am Dec 18, 2014 12:49am
Quoting likica
{quote} I didn't know that. should not post oil any more if not benefit others...
Please keep posting it, very important IMHO!!!
  • #47,199
  • Dec 18, 2014 12:51am Dec 18, 2014 12:51am
Quoting likica
{quote} went short around LO with smaller green. just exited this long with almost 100green. I decorated my chart with all sorts...
Congrats likica, lorbax, wyley187, Greenb, and everyone else I missed (as usual heaps of posts)
  • #47,200
  • Dec 18, 2014 12:53am Dec 18, 2014 12:53am
Quoting Greenb
Hey guys, hope you guys have good trading session last night. mine was....horrible GA Long + 45 pips (this is way before LO) GU Short - 8 pips (because of impatience-ness) GN Short - 39 pips (SL too small due to arrogance =.=) GA Short +1 pips (again due to impatiance-ness i moved sl to be on a 4h tf before the end of tf, guess what happens next before price goes bearish again) Grand total of - 3 pips .....sigh now when i look at all my trades again...it would have all been a good trades....arrogance, impatience, and wrong SL will be the death of...
Hi Greenb, this is really interesting... GA - did you hedge it on different TF's using TMS (or perhaps typo)?
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