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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #52,681
  • Feb 7, 2015 11:14am Feb 7, 2015 11:14am
To solve the problem of counter trend trades
Dean Malone invented the pac (price action channel).
Same tdi (red/green, original tdi) everything else is the same.
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  • #52,682
  • Feb 7, 2015 11:20am Feb 7, 2015 11:20am
To get rid of more counter trend trades he added the
guppy's. You miss out on some trades...but you also miss
out on a lot of counter trend trades that will turn on you
in a moments notice.
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  • #52,683
  • Feb 7, 2015 11:30am Feb 7, 2015 11:30am
Here is how I see GA daily. Channel is broken so Possible retrace back to prev S/R. What are your thoughts?

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Intelligence is the ability to adapt to change. Stephen Hawking
  • #52,684
  • Feb 7, 2015 11:30am Feb 7, 2015 11:30am
It all depends on what type of trader you are.
Some people really like counter trend trades, some people don't.
Some people are trading the 4 hour charts & some people are
trading the lower time frames. Some people are scalpers, some people
intra day traders, some people swing traders, some people are position traders.

You need to decide what kind of trader you are...then go from their.

All of these systems work! What I would call aggressive style, moderate
style or conservative style. Every one is different...

Eelfranz was a very aggressive trader.
sj
  • #52,685
  • Feb 7, 2015 11:39am Feb 7, 2015 11:39am
Quoting snarlyjack
It all depends on what type of trader you are. Some people really like counter trend trades, some people don't. Some people are trading the 4 hour charts & some people are trading the lower time frames. Some people are scalpers, some people intra day traders, some people swing traders, some people are position traders. You need to decide what kind of trader you are...then go from their. All of these systems work! What I would call aggressive style, moderate style or conservative style. Every one is different... Eelfranz was a very aggressive trader....
I see great patience among the seniors answering the same questions all the time. Do you think there is value in creating a TMS document that answers the common questions and points to key posts and attachments in the thread? It could perhaps be updated quarterly. Then it could be provided easily in response to the typical request for information.
  • #52,686
  • Feb 7, 2015 11:39am Feb 7, 2015 11:39am
The basic tdi coss over has not changed. We all
are using the tdi. The 68, 50 & 32 levels we all watch.
Some people add things like s/r levels, some people don't.

We are just trying to help one another succeed better & faster.
I hope this helped you...
sj
  • #52,687
  • Feb 7, 2015 11:46am Feb 7, 2015 11:46am
Quoting snarlyjack
The basic tdi coss over has not changed. We all are using the tdi. The 68, 50 & 32 levels we all watch. Some people add things like s/r levels, some people don't. We are just trying to help one another succeed better & faster. I hope this helped you... sj
Brilliant SJ a few progressive pictures sums up very clearly how TMS moved from the original to now. You're absolutely right in once you've decided what setup you like to then find your own style/path to success
Ray
  • #52,688
  • Feb 7, 2015 11:55am Feb 7, 2015 11:55am
Quoting steadyrandy
{quote} I see great patience among the seniors answering the same questions all the time. Do you think there is value in creating a TMS document that answers the common questions and points to key posts and attachments in the thread? It could perhaps be updated quarterly. Then it could be provided easily in response to the typical request for information.
Steadyrandy,

I think putting together a document that answers common questions
with examples would take hours & hours & hours.

I think it is best for people to read. Look at the different charts posted.
This whole document is loaded with golden nuggets & secrets from many
different posters. From many different points of view. What I think is
important you might not like & vice versa.

I think the biggest problem is (just my opinion) it takes time to learn how
to trade. Most people want to make thousands of dollars, like yesterday &
it just doesn't work that way. I think a person has to grind it out & do
the hard yards. Even if I gave people a great system, most people would not
know how to trade it or even what to look for or what questions to ask.
It takes time...
sj
  • #52,689
  • Feb 7, 2015 12:41pm Feb 7, 2015 12:41pm
Hi SJ,
Thanks for your contribution to this thread.
On your suggestion I read the the thread from Oct 2014.
Lot of information.
What is your take on DOTS with Guppy?
Also if you can point out the working/latest DOTS version. I tried the v4 it doesn't work (for some odd reason).

Thanks again.

Regards.
  • #52,690
  • Feb 7, 2015 12:47pm Feb 7, 2015 12:47pm
Quoting malaique
Hi SJ, Thanks for your contribution to this thread. On your suggestion I read the the thread from Oct 2014. Lot of information. What is your take on DOTS with Guppy? Also if you can point out the working/latest DOTS version. I tried the v4 it doesn't work (for some odd reason). Thanks again. Regards.
Hi malaique - Download version 3 from the paper clip (top right) and that should work. V4 is subscription only from D.Malone
Ray
  • #52,691
  • Feb 7, 2015 1:52pm Feb 7, 2015 1:52pm
Quoting likica
EA daily has been rejected at 61.8% fib level and has potential for going short if it breaks out of current indicision APB where TDI crossed down. Further comments are welcome to make it clearer...Thanks in advance. {image}
My Bearish view
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Attached File(s)
File Type: pdf Pin bars-introduction.pdf   175 KB | 870 downloads
File Type: pdf Pin bars-advanced.pdf   113 KB | 909 downloads
Sad i'm not trying to understand PA
  • #52,692
  • Feb 7, 2015 2:03pm Feb 7, 2015 2:03pm
Quoting snarlyjack
{quote} Steadyrandy, I think putting together a document that answers common questions with examples would take hours & hours & hours. I think it is best for people to read. Look at the different charts posted. This whole document is loaded with golden nuggets & secrets from many different posters. From many different points of view. What I think is important you might not like & vice versa. I think the biggest problem is (just my opinion) it takes time to learn how to trade. Most people want to make thousands of dollars, like yesterday & it just...
Hi SJ,
I agree, it will take lots of time to consolidate all posts in one deck
But new traders like me have hard time to figure out latest indicators and most important components of TMS.
I think First post helps little bit but I lt would be great if you can attach latest template there...
  • #52,693
  • Feb 7, 2015 2:09pm Feb 7, 2015 2:09pm
Quoting Bk8
{quote} Hi SJ, I agree, it will take lots of time to consolidate all posts in one deck But new traders like me have hard time to figure out latest indicators and most important components of TMS. I think First post helps little bit but I lt would be great if you can attach latest template there...
Check this post

 

  1. Post 49,139

Sad i'm not trying to understand PA
  • #52,694
  • Feb 7, 2015 2:24pm Feb 7, 2015 2:24pm
Quoting omonisha
{quote} My Bearish view {image} {image} {image} {image} {image} {image}
Thanks for the pdf's. Really useful.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #52,695
  • Feb 7, 2015 2:41pm Feb 7, 2015 2:41pm
Quoting omonisha
{quote} Check this post Post 49,139
Great, thanks very much!!

Best Regards
BK
  • #52,696
  • Feb 7, 2015 3:32pm Feb 7, 2015 3:32pm
Quoting Vnp
Scalp 15 min tf. AUDCAD 20 pips {image}
nice chart..is it possible to share your better volume indicator .i have one but your indi more visual n informative.thanks
Say something meaningful or Silence!!
  • #52,697
  • Feb 7, 2015 3:38pm Feb 7, 2015 3:38pm
Congrats on the new thread,I think combined with MADCTraditional (Inputs:Fast30 ,Slow45 ,Signal30...just:EURUSD,GBPUSD)tf 15M wiating for to cross Moving Red & Green ...May be this could be a help for the TDI ... The results were stunning...

Best Regards
Attached File(s)
File Type: ex4 MACDTraditional.ex4   3 KB | 277 downloads
  • #52,698
  • Feb 7, 2015 3:58pm Feb 7, 2015 3:58pm
Quoting omonisha
{quote} My Bearish view {image} {image} {image} {image} {image} {image}
That EA weekly screams of a short on the pinocchio. textbook size and shape. tdi different.
Best regards, Zef
  • #52,699
  • Feb 7, 2015 5:53pm Feb 7, 2015 5:53pm
Quoting steadyrandy
{quote} Hello miho, welcome. Please start your reading from October 2014. Many questions are answered in that space and you will get caught up to the current TMS discussion. {quote} It has evolved some, and there are personal preferences among the current practitioners. {quote} The reading from October will provide the background you need. People trade different time frames and have different approaches to TP / SL. During your review of previous posts, take note of traders whose style and explanations resonate with you.
Hi steadyrandy,

Thank you very much, this is gonna help me. I am going to start reading from October 2014.

Thanks
  • #52,700
  • Feb 7, 2015 6:37pm Feb 7, 2015 6:37pm
2015 Week 6 - Trade Summary:

4 trades in total:
- 0 win
- 2 BE
- 2 Loss

A poor result for me on EA H1 this week. -50 pips (Excluding a freak incident on Tuesday - see below). Also slightly different since I am now working night shifts, so LO is now evening time for me, as opposed to mornings. Not a problem, just takes some getting use to. This shift pattern is likely to continue for some time and opens up the possibility for me to look at Sydney open which showed some big moves this week.

Monday: Took an early entry at LO (TDI green heading for red, not crossed). Price moved 25 pips in my favour before a large pullback in the LO candle stopped me out at BE. As it happens, the LO candle was followed by a double top anyway which didn't break my 50 pip TP so my trade would have been BE regardless of the LO pullback.

Tuesday: Entry was taken short on a break below the LO candle and a clean TDI cross of green over red. As it happens, the huge 300 pip move during Sydney by the AUD news announcements meant that London ranged until NYO. This would have ordinarily meant a 25 pip loss. However, my entry appeared 50 pips below current price. Price moved against me by 25 pips hitting my SL, however the trade was exited at another 50 pips above this point. A standard 25 pip (2% Acc.) loss became 125 pips (10% Acc.)! I contacted my broker, FXOpen who sent me the following statement:

"Today we experienced technical issue with orders execution on DEMO STP. Issue was fixed successfully. Sorry for inconvenience caused by this issue."

Wednesday: Took entry long at LO on a break above Frankfurt. Yes, it was the first blue candle but the TDI green had crossed over red. I was stopped out for a loss instantly. Apart from a large spike at around 10am PA was fairly flat all day. (-25,-2%)

Thursday: With LO forming an inside bar and LO+1 heading for the 200EMA, on top of the fact I'd already had a bad week, I sat on the sidelines on Thursday. LO+1 was a fakeout anyway and price in fact trended up for the day.

Friday: I rarely trade NFP days unless I get a fairly strong signal around LO. However, as soon as LO broke below the previous 3 candles with TDI green below red and yellow, I couldn't resist. I entered short but soon after LO+1 formed a double bottom and I exited manually at BE. Following this, price turned again in the original direction and with NFP's help, my entry would have been good for around 140 pips... well I guess that's Forex


Lastly, I'd like to hear from any of the senior traders in here who have experienced broker/ server errors on a live account... I'm interested to hear where I would stand by way of a refund, had this been real money. Any advice or guidance would be greatly appreciated! Thanks in advance!

Ballistical
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Focus on the process and the profits will follow
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