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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

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Trading Made Simple

  • #51,541
  • Jan 28, 2015 2:15pm Jan 28, 2015 2:15pm
Quoting AlexoBrawler
{quote} Got it!, thanks... Can I make you another question? do you recommend to read the basics of another threads like TMS? I guess for example X-Man's Super Simple System could be something the same as this thread...
Alex,

When I started trading Eelfranz taught me Tms.
After 2-3 years I got bored & wanted to see other systems.
So I spent another 2-3 years checking other systems &
different indicators. Just to see how they worked.

I compared Tms to a bunch of different systems candle by
candle. Their is only 1 other method that I would consider
and that is hard core price action. Imho, price action is #1
and Tms is #2.

If you can combine your price action skills with Tms you can
have the best of both worlds and make for yourself a super
good system. Imho, it is best to master Tms and take it
well into the future...

sj
  • #51,542
  • Jan 28, 2015 2:18pm Jan 28, 2015 2:18pm
Quoting cigarguy
{quote} sj, Kinda got lucky on this one and escaped with a small +18.3 profit with a terrible drawdown.....not for the faint hearted for sure. Don't try this one at home....
Cigarguy,

You know a little luck will take a person a long way's
Draw down's can be a mental challenge...I'm glad you recouped!
sj
  • #51,543
  • Jan 28, 2015 2:26pm Jan 28, 2015 2:26pm
Quoting snarlyjack
{quote} Cigarguy, You know a little luck will take a person a long way's Draw down's can be a mental challenge...I'm glad you recouped! sj
sj,

Yep, with this trade the news got me into trouble and the news got me out of trouble to live another day..........
Keep It Simple
  • #51,544
  • Jan 28, 2015 2:29pm Jan 28, 2015 2:29pm
Quoting snarlyjack
{quote} Aamirgpi, Nice meeting you & welcome to Tms. See post # 50,241. Be sure to read the e-book! Welcome sj
Thnx alot snarlyjack... is guppy included in it?

Thank you
  • #51,545
  • Jan 28, 2015 2:32pm Jan 28, 2015 2:32pm
Here are a couple of charts, after the Fomc news is interesting.
sj
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  • #51,546
  • Jan 28, 2015 2:37pm Jan 28, 2015 2:37pm
Quoting aamirgpi
{quote} Thnx alot snarlyjack... is guppy included in it? Thank you
Aamirgpi,

The guppy #'s are: ema/close, 30,35,40,45,50,55,60.
Add in a ema/close 200.
Look in the paperclip for the Dots template v3.

You'll be set to go
sj
  • #51,547
  • Jan 28, 2015 2:39pm Jan 28, 2015 2:39pm
Quoting emmanuel7788
{quote} Hi pm.fx We do not look for the value of the angle. It is not the trigonometry angle that we are looking for. We look at the TDI Price Line PL Green line and see where it is pointing using the clock face 12-2 and 4-6 as a guide. What is more important is to look at the APB and price bars. The volatility of the price bar will create the TDI PL Green angle in realtion to the previous candles / price bars. If you use the Synergy_Pro_TDI , the angle is less pronounced that the older TDI Red Green. So you just pay more attention tot he APB and...
all credit goes to big emm(emanuel7788)clock/angel/tdi anazing!!
Attached Image (click to enlarge)
Click to Enlarge Name: TDI clock face 12-2 4-6.png Size: 83 KB
Say something meaningful or Silence!!
  • #51,548
  • Jan 28, 2015 2:41pm Jan 28, 2015 2:41pm
It's funny how most retail traders fixate on TA and filters and disregard every economic news announcement, rate change, CPI,. PPI, job data that the entire professional market explicitly considers even when such data and its importance are set-up free of charge in this site.
  • #51,549
  • Jan 28, 2015 2:53pm Jan 28, 2015 2:53pm
Quoting adamcox
It's funny how most retail traders fixate on TA and filters and disregard every economic news announcement, rate change, CPI,. PPI, job data that the entire professional market explicitly considers even when such data and its importance are set-up free of charge in this site.
Adam,

Nice meeting you & welcome to Tms.

Living on the west coast of the USA, the L/O is 1:00a.m.
my time. I end up sleeping through the London session.
What I have found is all kinds of news have come out
while I'm sleeping. Price chops around,
then reverts back to the longer term trend. Especially
on the daily chart.

I do watch "cnbc" stock market news all day long and
listen to what they have to say. But I trade according
to what the chart are telling me...The charts have not
been wrong yet!

sj
  • #51,550
  • Jan 28, 2015 3:00pm Jan 28, 2015 3:00pm
Quoting snarlyjack
{quote} Alex, When I started trading Eelfranz taught me Tms. After 2-3 years I got bored & wanted to see other systems. So I spent another 2-3 years checking other systems & different indicators. Just to see how they worked. I compared Tms to a bunch of different systems candle by candle. Their is only 1 other method that I would consider and that is hard core price action. Imho, price action is #1 and Tms is #2. If you can combine your price action skills with Tms you can have the best of both worlds and make for yourself a super good system. Imho,...

Thank you so much... this is getting even more interesting! Rest Well
  • #51,551
  • Jan 28, 2015 3:01pm Jan 28, 2015 3:01pm
Quoting snarlyjack
{quote} Zef, It will be interesting to see where prices end up at N/Y close. Their might be some good set-ups tonight in the Asia session. Oil...44.65 Dow...-45. I'm watching the 4 hour chart's... sj
nearly all jpy pairs may giv good setup in 1 hr time
  • #51,552
  • Jan 28, 2015 3:05pm Jan 28, 2015 3:05pm
The only people on the planet who debate a fundamental vs charting view of trading are clueless retail traders. (90 % of whom lose all their capital - 90/90/90 rule. Professional traders use a comprehensive approach using fundamentals and technical analysis which includes indices, commodities and events. Using TA and retail systems to the exclusion of everything else is like driving a car whilst looking at the speedo only but not being able to look outside - it just doesn't make sense. You don't need complex systems of TA to be a very successful trader, but you do need to understand the world around you, where the risks lie (events etc) and you can very simple charting (without systems), and patience.
  • #51,553
  • Jan 28, 2015 3:07pm Jan 28, 2015 3:07pm
According to the news:

Dow closed down 195.
Oil 48.40 (brent)
Their really worried about Europe.
Currencies flying around.
They are worried about deflation.
But where do I position my buy/sell's?
Tms & the charts will show me...
sj
  • #51,554
  • Jan 28, 2015 3:07pm Jan 28, 2015 3:07pm
I am trading in millions - not a $900 account balance.
  • #51,555
  • Jan 28, 2015 3:18pm Jan 28, 2015 3:18pm
Quoting adamcox
I am trading in millions - not a $900 account balance.
So what are you doing here? Lost millions and need somebody to discuss? If you were trading with millions, you are very bad to knowing how to invest your time coming here looking for friends in internet
  • #51,556
  • Jan 28, 2015 3:20pm Jan 28, 2015 3:20pm
Quoting snarlyjack
{quote} Zef, It will be interesting to see where prices end up at N/Y close. Their might be some good set-ups tonight in the Asia session. Oil...44.65 Dow...-45. I'm watching the 4 hour chart's... sj
nearly all jpy pairs may giv good setup in 1 hr time
  • #51,557
  • Jan 28, 2015 3:22pm Jan 28, 2015 3:22pm
Quoting adamcox
I am trading in millions - not a $900 account balance.
millions of who's money?
Intelligence is the ability to adapt to change. Stephen Hawking
  • #51,558
  • Jan 28, 2015 3:31pm Jan 28, 2015 3:31pm
Alex Bowler - dumb comment. Makes no sense. The man with Euro 900 account - needs a day job and has no time to waste on this site, unless people here are trying to sell 'services' and systems The man who trades 10-50 lots a pop has plenty of time and doesn't need or have a day job. Alex Bowler - you are confused.

Why am I here? I like to keep clueless retail traders on the right path by providing some 'contra' thinking to this endless cluelessness. Someone out there may actually save money or not loose their account. Does anyone in retail land actually ask themselves why they loose money and why professional traders are doing something different to what they are doing?. Is it a grand conspiracy, or simply retail traders are being lead down the garden path by people who are not professional traders and don't have substantial capital in the market? I think it is the latter.
  • #51,559
  • Jan 28, 2015 3:31pm Jan 28, 2015 3:31pm
Quoting adamcox
I am trading in millions - not a $900 account balance.

Sounds like a commercial to me............we all know Banks and MM's have our best interest in mind and they don't lie....
Keep It Simple
  • #51,560
  • Jan 28, 2015 3:34pm Jan 28, 2015 3:34pm
Quoting ZeF
SJ, Emmanuel, Got in today at EJ H1 on a sell setup checking all 4 criteria. After order place, CaveManager takes over the trade and rolls with it. SL and TP set at 50, though at candle 3 it takes the SL at -36.3 pips. 3 bars later, TP is hit (as expected from a high probability setup), but my position was hit by the SL 36 by CaveManager. Are you guys using this tool ?! And why did it take me out at -35 pips - very less space to move and it was within daily range as well. I wouldn't have set a SL so close in any case. Some feedback on the CaveManager...

Hi ZeF,

Chack your CM parameter setting.
It can be two possibles causes:

1) Capital Protection
2) Trailing by Candle HL

see below .

Attached Image (click to enlarge)
Click to Enlarge Name: CM part2.png Size: 54 KB

Attached Image


CM is good when you want to free yourself from babysitting your trades. Simply 'set and forget', leave CM to manage your SL and TP, and moving your stops like using the two features mentioned above. You can also scale-out your trades in portions, which is a nice feature.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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