Trading Made Simple

Quoting likica

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For those who trade on small TF like me: ' trade away from daily_open Line and 200 MA' is the great tip from one of our seniors and I think it was Emman who stated it . Put it on and see...

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Quoting montego

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{quote} ScorpS I really like you indi that shows the grey lines with yesterdays highs and lows and H4 High and low, could you Tell me where to get it from please? cheers m

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Quoting snarlyjack

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{quote} Montego, Your chart looks good! I would try to make it as clean as possible. The cleaner & simpler the better. sj

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Quoting TheScorpS

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{quote} You can find that in the paper clip , the attachments of the thread in the toolbar above called Daily High_Low indicator

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Quoting snarlyjack

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{quote} Vladbold & Sknight, I can only speak for myself. When I trade, I set my stop-loss and I have a target in mind. I use a set & forget strategy, which means when I'm in a trade I either get stopped out or it hit's my target. I will not liquidate out a loosing trade, I'll let my stop take me out. Even if it takes a week of chopping around. Yes, I have losers! But I have found that if I trade with the trend and know where the levels are and know what the tdi is saying to me, my odds are very good. But weird things happen...and every once in a...

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Quoting sknight1

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{quote} Vladbold, you're very welcome. I've had a long and expensive learning curve. I'd like to think that I'm not dense but, it has taken a lot of practice, losses, and frustration to get the hang of how to trade profitably. As mentioned in another post, I'm now working on repairing the damage that i've done to my account. But I see it from the perspective of getting a college graduate / masters degree.... similar in time and expense. Re: courage / balls.... lol ~ courage, maybe. Balls, definitely not. Last time I checked, I had only "girl parts"....

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Quoting montego

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{quote} SJ, I have removed super Dem and synergy dsr, I think mainly the sup dem was confusing me as to where the levels were and ive just added a yesterdays high and low line, it seems more clear to me where the pivots are and less clutter, what do you think, cheers M {image}

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Quoting mch1970

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Have been following this thread closely for the past few months and managed to read the early Eelfranz posts and much of the latter posts, from Oct 14. Have traded lower TF for a while with varied results, so have made the switch to HF with some early success. Many Thanks to all for such valued input. (The thousand mile journey starts with a single step!) {image}

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Quoting redcloudxlll

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{quote} Nice one Sknight. I decided to take the loss and look for another trade. and brush that one off. I should of looked at the signals but I didn't everything was shouting long for me could of been a positive trade. looking to fix those mistakes as the week goes on. I shouldn't try to fix a system that's not broken. everything is in front of me.

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Quoting snarlyjack

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{quote} Stevepatt, I realize where I live effects how I trade. What Eelfranz taught us works really good. Set your trades on the last 4 hour bar before the L/O & close out on the first N/Y 4 hour bar. In other words (my times) 11:00 p.m. bar, set trades. 3:00 a.m. bar, let it ride. 7:00 a.m. bar, liquidate out. This works like 90% of the time. I don't move my stop loss, I just sleep through the whole thing. I realize it sounds crazy...but it works like a charm! sj

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Quoting wyley187

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{quote} hi redcloud, one thing I think I am finally getting over is the battle to trust this system and the signals, and not go off of "gut" feelings or what pundits forecast, that is how us retailers get slaughtered....a good quote from dean malone is as follows(pilots make the best traders because they trust their instruments) When my brain tells me to go against this system now I shrug it off, This system has proven time and time again that it is right and whatever I thought I knew about trading before is wrong.

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Quoting snarlyjack

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{quote} Montego, Good, you want to get as clear a picture as you can. Very little "eye" distractions. Then sit back & just stare at the chart for awhile, going hmmm... Then say, I like that. I'll take that trade. Take the trade, set your stop loss & know what your shooting for. Then, walk away for awhile...let the market do it's thing (thrash around). Don't freak out! Flow with it! Once your in the market you have no control of it. You can only control your direction, the entry/exit & stop loss. It does what it does. Now were using our edge to play...

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Quoting snarlyjack

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{quote} Montego, Good, you want to get as clear a picture as you can. Very little "eye" distractions. Then sit back & just stare at the chart for awhile, going hmmm... Then say, I like that. I'll take that trade. Take the trade, set your stop loss & know what your shooting for. Then, walk away for awhile...let the market do it's thing (thrash around). Don't freak out! Flow with it! Once your in the market you have no control of it. You can only control your direction, the entry/exit & stop loss. It does what it does. Now were using our edge to play...

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Quoting snarlyjack

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{quote} Sknight, I think your doing great & your dialed in Now that your familiar with the system & know how it works...what do you think of the tms/system? sj

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Quoting montego

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{quote} Thanks SJ I understand about the s and r levels but I just struggle to understand how the indicators work that's my problem, perhaps I would be better off with an indi that labels the levels for now, cheers

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Quoting stevepatt

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{quote} Hi sj; What sort of Risk to Reward do you average Trading that way? I think, it depends on the size of lots we are Trading that will determine how we Trade. If I remember correctly Eelfranz was Trading at $10 a pip and naturally he was reluctant to give up any of his profits when Trading at that level. But I imagine his Risk to Reward Ratio was quite low because of his caution in not wanting to give anything back to the Market. This is the main reason I didn't continue using this method, of Trading, because I really struggled to achieve...

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Quoting sknight1

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{quote} Personally, I find it incredibly confusing and plan to stick to "naked" charts with regular candles. For whatever reason, my eyes "see" opportunities on those charts better and more accurately than with the TMS system. And it's not like I haven't studied and put a lot of effort into it.... i've even been a paid student of Rick G's for over a year. But even he agrees that I "see" no -HA charts better. As I said, I won't hijack BigE's thread with non-TMS charts. But I don't want to leave either because there's such nice camaraderie here. Just...

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