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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

  • #54,021
  • Feb 25, 2015 9:22am Feb 25, 2015 9:22am
Quoting Reece2076
It's good to see several people have stuck with this trading strategy. I wonder if anyone has kept a trade explorer tracking the results of this method?
Reece,

If you go to Emmanuel's posts he has supplied his
trade explorer plus other graphs of his trades.
Emmanuel's analysis is very good of the potential
of this system & how he trades it.
sj
  • #54,022
  • Feb 25, 2015 9:52am Feb 25, 2015 9:52am
Quoting snarlyjack
{quote} Mordin, When I look at my chart, it looks like you went in late. See where price broke out of the pac, that was the ideal entry. sj {image}
thanks for your input SJ, makes sense
Had to be me. Someone else might have gotten it wrong.
  • #54,023
  • Feb 25, 2015 9:55am Feb 25, 2015 9:55am
Quoting mordin
Is there any reason why this trade went wrong? {image} Sell under a recent S/R box, under recently broken 200EMA, TDI Cross under MBL, TDI 4H going down. Maybe it falls again... perhaps is the common pullback to the 200EMA after a breakout? Or perhaps that (just seen it ) I sold very near the 32 line... Thanks in advance!
Mordin,

I think you ignored 3 of the rules mentioned by eelfranz in post #647 - entered on candle #3, on the 32 line (oversold) and also if you check higher timeframes you could see that you were doing a counter-trend with the daily clearly bullish trend. Also there was no hook or angle just a sideways weak cross. Yes it's a signal but rather a weak one.
Hope this helps.
Best regards, Zef
  • #54,024
  • Feb 25, 2015 10:02am Feb 25, 2015 10:02am
Quoting mordin
Is there any reason why this trade went wrong? {image} Sell under a recent S/R box, under recently broken 200EMA, TDI Cross under MBL, TDI 4H going down. Maybe it falls again... perhaps is the common pullback to the 200EMA after a breakout? Or perhaps that (just seen it ) I sold very near the 32 line... Thanks in advance!
Yes, as first GCAd is one of the most tricky and volatile pair , makes same distances like GYen ,
second reason for me , the TDi cross is very sloppy , without any steep angle .. For me it´s not a " clean and clear" entry ..

I´m since 6 weeks live in TMS and before I did about 3 months demo and one more month only the simulator..
So count me as a " better newbie " -.. my results are really nice and I only accept clean and clear entry signals by itself.

No steep cross, no first or second candle , I think twice or three times if I really should fire the gun !

More trades means not more green pips. Easy to say and hard to do , I know . .......... but that s the way it is .

Guido
Risiko birgt immer auch die Chance.
  • #54,025
  • Edited 10:09am Feb 25, 2015 10:05am | Edited 10:09am
Quoting ZeF
{quote} Mordin, I think you ignored 3 of the rules mentioned by eelfranz in post #647 - entered on candle #3, on the 32 line (oversold) and also if you check higher timeframes you could see that you were doing a counter-trend with the daily clearly bullish trend. Also there was no hook or angle just a sideways weak cross. Yes it's a signal but rather a weak one. Hope this helps.
Thank you ZeF. I always forgot some basic rules... not burn into my brain yet.
Indeed, I broke all those rules, now I see after your comment and SJs. Hope next time at least I don't break those three rules!
Although 1D was bullish, I check the immediate 4H TF, and it was bearish, so I thought it was safe, didn't see I was entering too late.

Thank you for your help

Sesamstrasse, just saw your answer. I answer here to avoid posting too much. I'll try to have into account what you say about those pairs, didn't even think about that. I've been on demo with TMS for a while too, so I hope to correct some silly errors, and go live in "short" time. If I still make these silly mistakes, live is a NO go for sure, don't want to waste money.
Had to be me. Someone else might have gotten it wrong.
  • #54,026
  • Feb 25, 2015 10:18am Feb 25, 2015 10:18am
Quoting snarlyjack
{quote} Reece, If you go to Emmanuel's posts he has supplied his trade explorer plus other graphs of his trades. Emmanuel's analysis is very good of the potential of this system & how he trades it. sj
I saw his posts with his excellent analysis of screen shots, but I didn't see a link to his trade explorer. I also checked his profile page and didn't find his trade explorer, could you post a link please?
  • #54,027
  • Feb 25, 2015 11:03am Feb 25, 2015 11:03am
Quoting Sesamstrasse
{quote} Yes, as first GCAd is one of the most tricky and volatile pair , makes same distances like GYen , second reason for me , the TDi cross is very sloppy , without any steep angle .. For me its not a " clean and clear" entry .. Im since 6 weeks live in TMS and before I did about 3 months demo and one more month only the simulator.. So count me as a " better newbie " -.. my results are really nice and I only accept clean and clear entry signals by itself. No steep cross, no first or second candle , I think twice or three times if I really should...
You are right - the TMS style in of itself is not difficult to master - it's the discipline. So I think a 3 month period with no discipline problems is way more than enough to see if something works, especially for someone fluent in 4x like you.

I found that what it really comes down to at the end of the day, is how much of what we know is wrong about a TMS situation we're consciously ignoring and that way of seeing setups that aren't there take more time to straighten up than the TMS method itself.
Best regards, Zef
  • #54,028
  • Feb 25, 2015 12:35pm Feb 25, 2015 12:35pm
Quoting ZeF
{quote} You are right - the TMS style in of itself is not difficult to master - it's the discipline. So I think a 3 month period with no discipline problems is way more than enough to see if something works, especially for someone fluent in 4x like you. I found that what it really comes down to at the end of the day, is how much of what we know is wrong about a TMS situation we're consciously ignoring and that way of seeing setups that aren't there take more time to straighten up than the TMS method itself.

Normally is it enough, but a good reason to do it in a longer time is ; there will also come bad days .. sometimes 3..4..5..9 or more days in a row. If you are not trained enough then to remember .. aah it s only some bad days.. you will start to violate rules and the neccessary discipline jumps quickly out of the window.. All in all I can strongly recomment the trading simulator for training , and after intensive training demoing for months. I m really happy because I took my time to add TMS to my daily livetrading. There will be no time too late for newbies for livetrading. But in most cases a too early no advice .... just to keep in mind.Wish you green pips Guido
Risiko birgt immer auch die Chance.
  • #54,029
  • Feb 25, 2015 12:46pm Feb 25, 2015 12:46pm
Quoting mordin
Is there any reason why this trade went wrong? {image} Sell under a recent S/R box, under recently broken 200EMA, TDI Cross under MBL, TDI 4H going down. Maybe it falls again... perhaps is the common pullback to the 200EMA after a breakout? Or perhaps that (just seen it ) I sold very near the 32 line... Thanks in advance!
No problem mate! your entry was like a nice one but it was one of those trades that goes against the trader!
If I were you, took the same trade at the same time. you did not make a mistake
h1 starting a down trend and H4 was bouncing down at that time.
  • #54,030
  • Feb 25, 2015 1:02pm Feb 25, 2015 1:02pm
Quoting Reece2076
{quote} I saw his posts with his excellent analysis of screen shots, but I didn't see a link to his trade explorer. I also checked his profile page and didn't find his trade explorer, could you post a link please?
Reece,

Maybe someone has a trade explorer available for you?

But you must remember that trading, in itself is a pretty
private endeavor. Traders have wins & losses. My bottom
line is make more than I lose. Which I do...

I also think any time frame is fair game. As many of the
scalpers here will tell you! But you also want to limit your risk
by using s/r & always use a stop loss.
sj
  • #54,031
  • Feb 25, 2015 2:55pm Feb 25, 2015 2:55pm
@snarleyjack

A lot of posts on this thread and various attempts to tinker with the late great "E's" initial posts. Do you guys still trade the original "E" approach? Thanks in advance.
every Saint has a past. Every Sinner has a Future
  • #54,032
  • Feb 25, 2015 2:55pm Feb 25, 2015 2:55pm
Um does anyone have tips on making a good entry? Do we go to M15 to find a nice entry if we see a signal on H1/H4?
Wonder how Big E can just have a 5-10 pip stop loss...truly amazing . I always start my entries with initial drawdown lol
  • #54,033
  • Feb 25, 2015 4:28pm Feb 25, 2015 4:28pm
Quoting snarlyjack
Here is a picture of the 30 minute eur/aud chart with the supply demand indicator. Cigarguy is right, this is a useful indicator... sj {image}
sj pls what do the vertical lines mean?
  • #54,034
  • Feb 25, 2015 5:00pm Feb 25, 2015 5:00pm
Quoting Sesamstrasse
{quote} Tdi crosses , first 2 bars colour change , very rare I accept the 3 bar colour change . Simple TMS rules as posted the first poages by Elfranz . I only trade in m1 , h4 and daily . In other timeframes I use the choros system , but I don t post my Choros trades in this thread , I just wanna keep it clean . TMS posts/ trades here, Choros posts/trades in the Choros thread . Hope that helped . Guido
Im asking about the 1m scalping. How do determine / handle exits?
Thanks
  • #54,035
  • Feb 25, 2015 5:12pm Feb 25, 2015 5:12pm
Quoting mordin
Is there any reason why this trade went wrong? {image} Sell under a recent S/R box, under recently broken 200EMA, TDI Cross under MBL, TDI 4H going down. Maybe it falls again... perhaps is the common pullback to the 200EMA after a breakout? Or perhaps that (just seen it ) I sold very near the 32 line... Thanks in advance!

Mordin,

The fundamental belief of TMS traders is that the market will run 3 to 8 candles after a reversal setup...
therefore, the safest entry is candle #1 and candle #2 to put the odds in our favour and not lose too much of the 'trend' swing.
The answer is actually on your trade chart posted.
I made comments below.

Attached Image (click to enlarge)
Click to Enlarge Name: mordin GBPCAD H1 25 Feb 26-2-2015 6-59-37 AM.png Size: 17 KB


regards.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,036
  • Feb 25, 2015 5:35pm Feb 25, 2015 5:35pm
Quoting emmanuel7788
{quote} {image} Hi Ray, There is no time limit for the master candle to be valid. It is the range of the master candle which we should be looking at. Once we see that the market has made a certain range, we have to decide how we can trade within the range define by the market. That can happen in any timeframe and in you chart example, you see a M30 master candle, when the MC shows up, we need to consider trading only in the lower timeframe only until the market breaks out of the MC range. You missed a wide range bar many periods before that M30...
Thank you for posting your GZ. Can you explain, the H4 says there is a valid entry based on the lower low, outside the PAC. That is very clear. It looks good but no TDI cross.

Thanks.
  • #54,037
  • Feb 25, 2015 5:47pm Feb 25, 2015 5:47pm
Quoting Reece2076
{quote} I saw his posts with his excellent analysis of screen shots, but I didn't see a link to his trade explorer. I also checked his profile page and didn't find his trade explorer, could you post a link please?
Reece,

I don't use trade explorer. I use myfxbook.
You have been around since 2010 during the Craig Harris Stochastics Method days. I just read your all your 14 posts, and I have one question: What have you done during those years?
You want to see a 'proof of method' now , well that is very simple. Just scroll back to every currency chart and do a visual back-test of this simple method.
Then the next thing to do is to trade live in realtime market conditions using a demo account to test the method and see how it will work with your own money management strategy. Treat this demo account like your real account to see if the results will help your achieve your financial goals.
Do this and see your results after the first 100 trades, then do the next 100 trades, and be sure to complete 100, 200, 300 trades and you will see the results if you can trade TMS and be a consistent winning trader.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,038
  • Feb 25, 2015 6:00pm Feb 25, 2015 6:00pm
Quoting rupasi
{quote} Thank you for posting your GZ. Can you explain, the H4 says there is a valid entry based on the lower low, outside the PAC. That is very clear. It looks good but no TDI cross. Thanks.

Rupasi,

What about the H4 Price Action and confirm with Green angle 4-6 below Red, and Green cross Yellow?
Trade away from the Day Open as the continuation as a basic rule.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,039
  • Edited 6:51pm Feb 25, 2015 6:39pm | Edited 6:51pm
AJ, M15 quick scalp +19.4 (5 lots x 19.4 = 97) coming out of resistance and double top @ approx. 93.822, H1 & D1 both red, entered on pullback to 93.750 quarter number and DO, target 93.500 half number... target hit and closed.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYiM15 tms.png Size: 87 KB
Keep It Simple
  • #54,040
  • Feb 25, 2015 7:05pm Feb 25, 2015 7:05pm
Dear all, thanks for your great contribution , your expert, patience and communist ethics are very helpful for us. I am a new trader from China. Forex factory is the best forum I found. Big E's method have high probability to win. After some demo practice, I am going to trade soon. I sell AUD/USD on 0.7888 last night and got 40 pipes now.
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