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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

  • #52,461
  • Edited 10:46am Feb 4, 2015 10:05am | Edited 10:46am
Quoting snarlyjack
Cigarguy, Are you trading the all of the London session & first half of the USA session? Do you trade the Asia session? Are you trading the 5 minute, 15 minute & 1 hour time frames? Thanks. sj
sj,

No, I don't stay up for London and don't look at US until around 7:am MST and take a look at Asia and see what, if any looks good. I'm retired and kinda trade when I feel like it. I usually trade M5 and M15
Keep It Simple
  • #52,462
  • Feb 4, 2015 11:05am Feb 4, 2015 11:05am
Quoting snarlyjack
Cigarguy, Are you trading the all of the London session & first half of the USA session? Do you trade the Asia session? Are you trading the 5 minute, 15 minute & 1 hour time frames? Thanks. sj
hi sj,
i have question about -big E- trading time,
-big E- said its 10 pm start for looking trade position
its mean 2 hours before London Open?

thank you
  • #52,463
  • Feb 4, 2015 11:50am Feb 4, 2015 11:50am
Quoting brekz1
{quote} hi sj, i have question about -big E- trading time, -big E- said its 10 pm start for looking trade position its mean 2 hours before London Open? thank you
Brekz,

Big E was from Portland, Oregon. He was in Pacific
Standard Time zone. His 4 hour bar opened at 10:00 p.m.
& London opened at 12:00p.m. Then the next 4 hour bar
was at 2:00a.m. He put in his trades on the 4 hour chart
then went to bed & got up at 2:00a.m. to check things out
& went back to bed. Then in the morning when he got up
he would liquidate out.

Emmanuel was right when he said that Big E was more time
dependent than price action dependent. Being that I only
live about 350 miles from Big E that is how I learned how to trade.
It's a very profitable way to trade, low if any stress (because you
sleep through the whole thing) then the day you just do your own thing.
Lot's of benefits to trading this way...the problem with it is, it's boring.
But for some people boring is very good especially when it free's
up your time. (Right now it's winter in Montana & cold & I have time, but
summer is coming...).

I see no reason why a person can't get on a motorcycle & cruze
the USA going from starbucks to starbucks (for free internet service)
monitor your trades & keep on cruzing. Just like Emmanuel did when
he went on his 3 month vacation going through Australia (it's summer in
Australia). He understands how this works
sj
  • #52,464
  • Feb 4, 2015 12:04pm Feb 4, 2015 12:04pm
Quoting snarlyjack
{quote} Brekz, Big E was from Portland, Oregon. He was in Pacific Standard Time zone. His 4 hour bar opened at 10:00 p.m. & London opened at 12:00p.m. Then the next 4 hour bar was at 2:00a.m. He put in his trades on the 4 hour chart then went to bed & got up at 2:00a.m. to check things out & went back to bed. Then in the morning when he got up he would liquidate out. Emmanuel was right when he said that Big E was more time dependent than price action dependent. Being that I only live about 350 miles from Big E that is how I learned how to trade....
like this

nice excellent reply

thank you sj
  • #52,465
  • Feb 4, 2015 12:05pm Feb 4, 2015 12:05pm
Quoting snarlyjack
{quote} Brekz, Big E was from Portland, Oregon. He was in Pacific Standard Time zone. His 4 hour bar opened at 10:00 p.m. & London opened at 12:00p.m. Then the next 4 hour bar was at 2:00a.m. He put in his trades on the 4 hour chart then went to bed & got up at 2:00a.m. to check things out & went back to bed. Then in the morning when he got up he would liquidate out. Emmanuel was right when he said that Big E was more time dependent than price action dependent. Being that I only live about 350 miles from Big E that is how I learned how to trade....
This really does sound like a cool way to live.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #52,466
  • Feb 4, 2015 1:30pm Feb 4, 2015 1:30pm
Quoting snarlyjack
Hey SKnight, Being from Iowa (snowy Iowa) but we love it their! (I was born in Council Bluffs) What is your trading schedule? Are you staying up all night to trade? The reason I ask is I'm thinking of scalping a little bit but I need to tweak my schedule and I was wondering what your is! Thanks sj
++++++++++++++++++++++++++++++++


Hi SJ. Reviewing and Re-Reviewing "M5 Method". Thanks for posting.

We're opposite twins. Now in live in Council Bluffs and was born & raised in SoCal. I'd have to say I prefer the people in this area, far more then many folks I've met in SoCal.

I like the simplicity of the 5 method. And then I skip around in the thread and see a freakin' abomination of E's original methods, which leaves me clueless unless I happen to find the pages that correspond to explaining the why & how of a plethora of new indies.

Signed,
ClueLess In Council Bluffs
  • #52,467
  • Feb 4, 2015 1:46pm Feb 4, 2015 1:46pm
Quoting mch1970
Big move on GC today - negative PMI for CAD - managed to grab +100 pips prior to the news. {image}
Attached Image

Dude that spread is freaking criminal, I just checked one Aussie broker and the spread is 1.5 pips at the moment
You US guys allowed to use a foreign broker?
used to be undecided but nowadays can't make my mind up
  • #52,468
  • Feb 4, 2015 2:37pm Feb 4, 2015 2:37pm
Quoting mrcreosote
{quote} {image} Dude that spread is freaking criminal, I just checked one Aussie broker and the spread is 1.5 pips at the moment You US guys allowed to use a foreign broker?
++++++++++++++++++++++++++++++++
++++++++++++++++++++++++++++++++
Is it criminal? Probably.

Here's a pic of GCad spread range for last 8 hours. Just be aware and stay out just before news:
Attached Image
  • #52,469
  • Feb 4, 2015 3:09pm Feb 4, 2015 3:09pm
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Hi SJ. Reviewing and Re-Reviewing "M5 Method". Thanks for posting. We're opposite twins. Now in live in Council Bluffs and was born & raised in SoCal. I'd have to say I prefer the people in this area, far more then many folks I've met in SoCal. I like the simplicity of the 5 method. And then I skip around in the thread and see a freakin' abomination of E's original methods, which leaves me clueless unless I happen to find the pages that correspond to explaining the why & how of a plethora of new indies. Signed,...
Diamonddbw,

Nice meeting you & welcome to Tms.

What happened to me is: I traded the 5 method for a long time & I'm
pretty good at it! The problem with it is you can get into counter
trend trades very easily & start losing all your profits (especially when
swing trading & position trading).

One day a long time ago after I made a bunch of losing trades I went back
to Dean Malone videos (Compass Fx) and tried to figure out why. I watched about
100 of his videos and kinda went hmmm... I saw how he was trading & why.

I ended up tweaking the system with some of his ideas & got myself pretty
profitable. In thinking about the whole thing I came to the conclusion that
Eelfranz #1 was a very good trader & #2 took some pretty risky trades.
I don't mind taking risky trades but I like to do it within the trend. When I
found out that Dean Malone was trading with the guppy system that solved
a huge problem (trade with the trend). Then I found out that the market
moves from one level to the next level (s/r). Then I checked the Tdi against every
indicator that I could find. The Tdi works as good as any indicator out their and
far better than most of them!

I ended up with trade with the trend, use level's & the tdi. The 5 method uses these
same things but it's easier for me to use the guppy's because I can see the moves
better. This method & the 5 method are the same. If you remove the guppy's &
the pac they are exactly the same method. The pac & guppy's give you a lot of
good information.

Some people like them & are very profitable with them...some people don't like them!
It's all up to you. Which way do you feel more comfortable with? Which ever way
that is...go with that one! This is not my system (I did not design it) this is Dean
Malone's system. I'm just a end user of his system.

If you are interested in his system I would suggest that you read from October to now.
In those posts you will find the indicators & templates. Both methods are very
good & profitable. Tms is a very profitable method & this forum has a lot of
very good traders that hang out here helping one another. Which I think is great...

I hope I answered your question!
sj
  • #52,470
  • Feb 4, 2015 3:10pm Feb 4, 2015 3:10pm
Quoting snarlyjack
Here is a picture of a pin bar on the daily chart. When I see something like this...I take notice of it! Especially on the daily... sj {image}
Snarlyjack are you able to share those 2 support and resistance indicators you have on your charts - have checked paperlip but cant find any there - thanks in advance if you are able to
  • #52,471
  • Feb 4, 2015 3:16pm Feb 4, 2015 3:16pm
Quoting TezzTurd
{quote} Snarlyjack are you able to share those 2 support and resistance indicators you have on your charts - have checked paperlip but cant find any there - thanks in advance if you are able to
Tezzturd,

Sure here you go.

sj
Attached File(s)
File Type: ex4 Synergy_Pro_APB.ex4   7 KB | 470 downloads
File Type: ex4 Synergy_Pro_ASR.ex4   5 KB | 446 downloads
File Type: ex4 Synergy_Pro_DSR.ex4   6 KB | 467 downloads
File Type: ex4 Synergy_Pro_TDI.ex4   14 KB | 499 downloads
  • #52,472
  • Feb 4, 2015 3:17pm Feb 4, 2015 3:17pm
hi, snarlyjack:
I realized we're trading TMS using similar template (PAC&TDI). On this note, can you outline the pairs you trade, and the timeframes you look for trades on and most importantly, at what time of day/week you check for setups?
Reason I'm asking is I'm new to TMS and struggling to streamline my trading and look for setups, what's more, I live in the pacific time zone (1 hour behind you). So you seem like a perfect fit. Thanks for your time!

Shuo
  • #52,473
  • Feb 4, 2015 3:27pm Feb 4, 2015 3:27pm
Quoting snarlyjack
{quote} Tezzturd, Sure here you go. sj {file} {file} {file} {file}

thanks Snarlyjack much appreciated grabbed 200pips long on the GBP/Cad last night using this system...love it..now for consistency and patience
  • #52,474
  • Feb 4, 2015 3:27pm Feb 4, 2015 3:27pm
Trade taken on m15 with agreement from h1 and h4, trying to hold on for 200 pips, not sure what the RR is on that but its pretty good
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 33 KB
Click to Enlarge Name: EURJPYM15(2).png Size: 31 KB
  • #52,475
  • Feb 4, 2015 3:34pm Feb 4, 2015 3:34pm
Quoting lastingwell
Trade taken on m15 with agreement from h1 and h4, trying to hold on for 200 pips, not sure what the RR is on that but its pretty good {image} {image}
Lastingwell,

Nice seeing you in the late N/Y session!
Congrats on your trade...I hope your hanging tuff & doing great!
If their is anything we can do just ask
sj
  • #52,476
  • Feb 4, 2015 3:39pm Feb 4, 2015 3:39pm
The minute I'd posted that and went back to my screen, it had reached 200 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15(3).png Size: 40 KB
  • #52,477
  • Feb 4, 2015 3:40pm Feb 4, 2015 3:40pm
Quoting zhangshuo
hi, snarlyjack: I realized we're trading TMS using similar template (PAC&TDI). On this note, can you outline the pairs you trade, and the timeframes you look for trades on and most importantly, at what time of day/week you check for setups? Reason I'm asking is I'm new to TMS and struggling to streamline my trading and look for setups, what's more, I live in the pacific time zone (1 hour behind you). So you seem like a perfect fit. Thanks for your time! Shuo
Zhangshuo,

Welcome to Tms.
Funny you should ask about my pairs because I'm
switching them around. I would like to trade more
of the Aud. pairs for a couple of reasons. A lot of
the people here are from Australia & I would like to
trade more of the Asia session. (London session I'm
sound asleep).

I enter my trades on the last 4 hour bar before the L/O open.
I look for trades everyday. I trade very much like Eelfranz did...
sj
  • #52,478
  • Feb 4, 2015 3:42pm Feb 4, 2015 3:42pm
Quoting lastingwell
The minute I'd posted that and went back to my screen, it had reached 200 pips {image}
Lastingwell,

That looks perfect!
Your a very good trader & I would like to see
more of your posts...I miss your banter
sj
  • #52,479
  • Feb 4, 2015 3:44pm Feb 4, 2015 3:44pm
Quoting lastingwell
Trade taken on m15 with agreement from h1 and h4, trying to hold on for 200 pips, not sure what the RR is on that but its pretty good {image} {image}
Hi lastingwell. Can I ask if you decide you entry before hand and use a pending order to enter your trade? Your precision is awesome. Regards Nods
Intelligence is the ability to adapt to change. Stephen Hawking
  • #52,480
  • Feb 4, 2015 4:10pm Feb 4, 2015 4:10pm
Quoting lastingwell
The minute I'd posted that and went back to my screen, it had reached 200 pips {image}
Yikes, damn impressive )
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