Trading Made Simple | Page 2377 | 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

  • #47,521
  • Dec 22, 2014 11:01am Dec 22, 2014 11:01am
Hi. I love this thread and after several years not trading and several years before that losing a lot of money I am going to give the TMS method a go.

My first question is I do work full time but have some time during the week or some spare time after London has opened.

What is the best way to practice this method, I see AussieFX uses the trade simulater please could somebody tell me how to use that or is it best just to go back several months on the 4 hour or 1 hour chart and move forward manually one candle at a time as if live trading and document any trades you take and what the result would have been had it been a real trade?

What has everyone else done in order to learn?

I want to do this for several weeks before opening a small micro account.

Thanks in advance
  • #47,522
  • Dec 22, 2014 11:55am Dec 22, 2014 11:55am
Quoting schoe
Hi. I love this thread and after several years not trading and several years before that losing a lot of money I am going to give the TMS method a go. My first question is I do work full time but have some time during the week or some spare time after London has opened. What is the best way to practice this method, I see AussieFX uses the trade simulater please could somebody tell me how to use that or is it best just to go back several months on the 4 hour or 1 hour chart and move forward manually one candle at a time as if live trading and document...

Hi schoe

If you click on AussieFX name you will find the fxblue simulator zip as attachment. There is a pdf inside it describing how to use it. If to trade London session find Phx62 pdf inside the paperclip at the top right of this thread. Read them. TMS is about PA, TDI, Support/Resistance. Read post of Lastingwel snarlyjack emmanuel7788. They will provide a lots of information. Lots of member posting everyday. Read watch and demo. Do not concentrate on any counter trade at the beginning. Follow the trend.

wish you very good luck
Regards
omonisha
Sad i'm not trying to understand PA
  • #47,523
  • Dec 22, 2014 2:01pm Dec 22, 2014 2:01pm
Quoting griffinssoul
{quote} Great results nods80 - you have come up really quickly... catch-on fast... its cause you are like a scientist dude... keep going mate!!!

Thanks mate.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #47,524
  • Dec 22, 2014 2:25pm Dec 22, 2014 2:25pm
Been reading through this thread for 6 months now. I have been demo trading it for the last 2. Really starting to get a feel for the system. I have done extensive backtests using the H4 chart and feel that is the best for any beginner. I also must point out that I feel getting to know the pairs you trade key to get a feel for them. I only trade the GA and after studying it for months I can have a little bit of a feel, I would encourage any beginner to do the same if you want to be successful using this method.
  • #47,525
  • Dec 22, 2014 2:40pm Dec 22, 2014 2:40pm
Quoting wyley187
{quote} I trade the gbp/cad instead of gbp/usd just because it has a higher ATR, they usually move pretty close in correlation, I'm still waiting for my short setup on the 1 hour, If anybody is interested, the orange lines are targets, There is a video on youtube titled "how to find the big boys targets" and its helped me alot with tp and my R:R {image}
Wyley,

Your chart looks very very good!
Learn it like the back of your hand...
sj
  • #47,526
  • Dec 22, 2014 2:42pm Dec 22, 2014 2:42pm
Quoting GreenGoblin
Been reading through this thread for 6 months now. I have been demo trading it for the last 2. Really starting to get a feel for the system. I have done extensive backtests using the H4 chart and feel that is the best for any beginner. I also must point out that I feel getting to know the pairs you trade key to get a feel for them. I only trade the GA and after studying it for months I can have a little bit of a feel, I would encourage any beginner to do the same if you want to be successful using this method.
GreenGoblin,

Nice meeting you & welcome to Tms...

I think the further you get into the system (Tms) you'll
really like it. The best part about Tms is it works

Welcome,

sj
  • #47,527
  • Dec 22, 2014 3:08pm Dec 22, 2014 3:08pm
Quoting snarlyjack
{quote} GreenGoblin, Nice meeting you & welcome to Tms... I think the further you get into the system (Tms) you'll really like it. The best part about Tms is it works Welcome, sj
Thanks for the reply SJ, just out of interest what pairs do you find works best with the H4/Daily TMS method? I will be looking to expand once Im comfortable with the feel of the GA.
  • #47,528
  • Dec 22, 2014 3:27pm Dec 22, 2014 3:27pm
if price is inside the guppy during a tdi cross, do we leave it and look for another trade?

im using 200ema and guppies
if price is below 200ema and guppies for example, would i be good to go for a short?
  • #47,529
  • Dec 22, 2014 5:48pm Dec 22, 2014 5:48pm
Will we evere trade USD/WON with TMS on day ?

let's ask this boy ...
Attached Image
Lorenzo
  • #47,530
  • Dec 22, 2014 5:49pm Dec 22, 2014 5:49pm
Quoting GreenGoblin
{quote} Thanks for the reply SJ, just out of interest what pairs do you find works best with the H4/Daily TMS method? I will be looking to expand once Im comfortable with the feel of the GA.
Greengoblin,

I don't know if these are the best pairs but this is what I trade.
eur/aud, gbp/usd, eur/usd, aud/usd, usd/chf, usd/jpy (6 pairs currently).
I'm from the west coast of the USA.
sj
  • #47,531
  • Dec 22, 2014 5:56pm Dec 22, 2014 5:56pm
Quoting shay14
if price is inside the guppy during a tdi cross, do we leave it and look for another trade? im using 200ema and guppies if price is below 200ema and guppies for example, would i be good to go for a short?
Shay14,

Nice meeting you.

#1). Yes, I would leave it & look for a cleaner entry. (But that's just me).
#2). Yes, I think trading with the trend works out better, especially for
newer traders. (For newer traders, the 4 hour chart with the trend
is the most forgiving, imho).


See gbp/usd chart.
sj
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 86 KB
  • #47,532
  • Dec 22, 2014 6:41pm Dec 22, 2014 6:41pm
Quoting lorbax
Will we evere trade USD/WON with TMS on day ? let's ask this boy ... {image}

If those guys were trained to trade Forex or stocks, instead of hacking, N.Korea would be able to make billions of dollars each year. Stupid.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #47,533
  • Dec 22, 2014 7:08pm Dec 22, 2014 7:08pm
Wake up this morning...

GBPUSD close +40pips
USDCAD close BE.


Quoting erelation
Short GBPUSD - 4H TF - TDI cross with price action candle and all signal below 50 level. Long USDCAD - 4hr TF - TDI cross with price action candle. * Any opinion will be much appreciated as i am still learning to master TMS. Thank you {image} {image}
  • #47,534
  • Dec 22, 2014 7:22pm Dec 22, 2014 7:22pm
Quoting erelation
Wake up this morning... GBPUSD close +40pips USDCAD close BE. {quote}

Now you go back to both your charts and learn why GBPUSD worked out and gave you +40pips and why USDCAD did not .

See if you can identify what market type were and how TMS 5-Method works only in certain market type.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,535
  • Dec 22, 2014 7:31pm Dec 22, 2014 7:31pm
Hi Emmanuel7788,

The yellow base line does make a difference in the above case...

GBPUSD has the TDI cross below the baseline... and BL below 50.
While USDCAD baseline angle still pointing down and above 50.

Quoting emmanuel7788
{quote} Now you go back to both your charts and learn why GBPUSD worked out and gave you +40pips and why USDCAD did not . See if you can identify what market type were and how TMS 5-Method works only in certain market type.
  • #47,536
  • Dec 22, 2014 7:47pm Dec 22, 2014 7:47pm
Quoting schoe
Hi. I love this thread and after several years not trading and several years before that losing a lot of money I am going to give the TMS method a go. My first question is I do work full time but have some time during the week or some spare time after London has opened. What is the best way to practice this method, I see AussieFX uses the trade simulater please could somebody tell me how to use that or is it best just to go back several months on the 4 hour or 1 hour chart and move forward manually one candle at a time as if live trading and document...

Hi shoe,

Well, you have few years trading experience so it would not be so difficult to pick up and do a fast-track to leanr and trade TMS 5-Method.

Here is what I recommend you do before starting to trade with hard-earned money.

1. Go back to the Craig Harris Stochastics Method thread and read all the 861 posts by our late OP eelfranz. Here is the link. http://www.forexfactory.com/showthre...67#post7959067

2. When you have finished with that CSH thread, come back to this TMS thread and read all the 461 posts by eelfranz. Pay special attention to his post#261 and work out what PA and Supp/Res are mentioned by him.

To your question: What has everyone else done in order to learn?
First, you need to find time and make some scarifices to become a trader and find a supplement and perhaps a replacement income to your full-time job.
There is a lot more oustide the scope of these CSH and TMS threads which you need to know and learn to become a consistent winning traders over longer term.

Next step is practice, practice, practice .. forward testing in live market with a suitable demo account size which you can test the method and also your money management strategy. After having completing 100 trades, then 200 trades, then 300 trades, ... you will have a better feel of the method and how your money management strategy work with this TMS method. You will know how many trades this 'system' will generate in a given period of time and how many % returns it will generate. You can then evaluate if this 'system' will meet your financial goals and ultimately Financial Freedom.

A lot more I can share on this subject, but I shall leave it for now and will be back with more in 2015.

regards,

Seasons Greetings.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,537
  • Dec 22, 2014 8:00pm Dec 22, 2014 8:00pm
Thanks for the input@ Likica, Sj and Emmanuel. Im currently in the USD/JPY buy trade...entry was at LO on 30 minutes time frame...trigger candle was quite big and with good TDI cross...1hr TDI was also pointing upwards...I went to bed after placing the trade...didn't check at US open or close...its now Tokyo session so might close with a 30 pip profit...any input guys.

Regards
Dennis
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 39 KB
  • #47,538
  • Dec 22, 2014 8:02pm Dec 22, 2014 8:02pm
Quoting erelation
Hi Emmanuel7788, The yellow base line does make a difference in the above case... GBPUSD has the TDI cross below the baseline... and BL below 50. While USDCAD baseline angle still pointing down and above 50. {quote}

Hi,

Yes, but there is more to that.

The TDI' yellow line MBL is a 34-period simple moving average of the RSI data (period 2)and it show us the higher timeframe momentum of the TDI. That is a one filter some traders use.

Also I would look at Multi TimeFrame and to see if there is conflict.

Most important is the market type determination which most often decides the fate of our trades.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,539
  • Dec 22, 2014 8:15pm Dec 22, 2014 8:15pm
Quoting emmanuel7788
{quote} Hi shoe, Well, you have few years trading experience so it would not be so difficult to pick up and do a fast-track to leanr and trade TMS 5-Method. Here is what I recommend you do before starting to trade with hard-earned money. 1. Go back to the Craig Harris Stochastics Method thread and read all the 861 posts by our late OP eelfranz. Here is the link. http://www.forexfactory.com/showthre...67#post7959067 2. When you have finished with that CSH thread, come back to this TMS thread and read all the 461 posts by eelfranz....

Emmanuel,

Did you know that none of the links that BigE provided in that thread work anymore....??? "The natural flow" website must have been shut down.
  • #47,540
  • Dec 22, 2014 9:58pm Dec 22, 2014 9:58pm
Quoting shay14
if price is inside the guppy during a tdi cross, do we leave it and look for another trade? im using 200ema and guppies if price is below 200ema and guppies for example, would i be good to go for a short?
Quoting snarlyjack
{quote} Shay14, Nice meeting you. #1). Yes, I would leave it & look for a cleaner entry. (But that's just me). #2). Yes, I think trading with the trend works out better, especially for newer traders. (For newer traders, the 4 hour chart with the trend is the most forgiving, imho). See gbp/usd chart. sj {image}
Shy14, SJ is correct. I wouldn't take such a trade either unless it is clean and showing strong potential. I hope SJ won't mind me editing his chart from the previous post.

Shy see the chart for information on what to look for when u miss a trending trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 216 KB


Kindest Regards
54 traders viewing now, 1 is registered:
Otherworldly