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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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Trading Made Simple

  • #54,681
  • Mar 8, 2015 8:49am Mar 8, 2015 8:49am
Quoting MrAussieFX
I see lot of new members were having trouble finding 1. How to use PAC for entry and exit 2. How to use TDI properly 3. How to read multi timeframe (MTI) TDI provided by lastingwell properly on your trading chart 4. How to stay away from consolidation Below is a chart that will help you with the answers. What does the chart teaches me ? 1. How to spot H4 PA movement and daily movement on your current H1 chart, as we trade based on the higher TF PA. 2. How to use H1 TDI to spot a trade entry and see if it comply with the higher TF PA. 3. What to...
Thank you for your analysis but i am afraid it seems you are tring to use MTF TDI in backtesting. It may not work that easy in real time. LW also doesn't use it in backtesting.... Correct me if i am wrong. Thanks.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #54,682
  • Mar 8, 2015 9:10am Mar 8, 2015 9:10am
Quoting heispark
{quote} Thank you for your analysis but i am afraid it seems you are tring to use MTF TDI in backtesting. It may not work that easy in real time. LW also doesn't use it in backtesting.... Correct me if i am wrong. Thanks.
Thanks for your comments. What is then, the correct approach to use it in real time trading? Backtesting looks "easy", but I've found that in real time things change.
Had to be me. Someone else might have gotten it wrong.
  • #54,683
  • Edited 9:30am Mar 8, 2015 9:13am | Edited 9:30am
Quoting mordin
{quote} Thanks for your comments. What is then, the correct approach to use it in real time trading? Backtesting looks "easy", but I've found that in real time things change.
All the none-interpolated MTF indicator are not supposed to be used in backtesting. For backtesting, you can use interpolated or realtime versions instead.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #54,684
  • Mar 8, 2015 11:44am Mar 8, 2015 11:44am
I made a quick calculation to compare the fixed amount of money per trade against the fixed risked amount of money per trade.
It might be interesting for some of you, at least, I was surprised that there is a significant difference!
Its based on the last 25 trades i took on the 4h timeframe with approximately 70% winner trades, and 30% losers. (I cleaned the numbers to make it easier)
Attached Image (click to enlarge)
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  • #54,685
  • Mar 8, 2015 12:02pm Mar 8, 2015 12:02pm
Quoting forexangel
{quote} Hello Snarlyjack I am new and am asking you because you are always so helpful! I would also like to trade TMS on the 4 hour charts during the London session and I also live and work in London and I was wondering if you would recommend the Cave Manager as a way of trading while away from the charts? Do you have experience with this? Is it easy to use for someone like me who has no programming experience. I would appreciate your help
Forexangel,

Nice meeting you.

See post # 50,214 for template.
Be sure to read the ebook.
I have never used the cave manager, all
of my traders are live with me making the decisions.
sj
  • #54,686
  • Mar 8, 2015 12:04pm Mar 8, 2015 12:04pm
Quoting turnip15
{quote} @snarlyjack I would like to study the above and demo your approach -where can I find an explanation of terms such as "pac" etc and more explanations of your approach please ? Regards Neil UK
Hi Turnip,

This way of trading is very profitable & awesome.
Read post # 50,214 for the template, be sure
to read the ebook.
sj
  • #54,687
  • Mar 8, 2015 12:06pm Mar 8, 2015 12:06pm
Quoting ZeF
{quote} That is pretty much what I've found out myself to work best for me. If really with the lot size I plan on entering live, 1 or 2 trades a month which will hit the TP would be enough for me. The daily chart with the HA candles, PAC and TDI setup is absolutely clear on the EA EU and even more so on the S&P500 with its 6 years bull market. These 3 will produce at least 3-4 high probability trades every month so that's way more than I need. SJ you are truly carrying Big E's legacy further here and I salute you for that. Green pips to all traders...
Zef,

Thank you!
I think the entries are very clear & just
pop out at you! It's a very good way
to trade.
sj
  • #54,688
  • Mar 8, 2015 12:08pm Mar 8, 2015 12:08pm
Quoting MrAussieFX
I see lot of new members were having trouble finding 1. How to use PAC for entry and exit 2. How to use TDI properly 3. How to read multi timeframe (MTI) TDI provided by lastingwell properly on your trading chart 4. How to stay away from consolidation Below is a chart that will help you with the answers. What does the chart teaches me ? 1. How to spot H4 PA movement and daily movement on your current H1 chart, as we trade based on the higher TF PA. 2. How to use H1 TDI to spot a trade entry and see if it comply with the higher TF PA. 3. What to...
MrAussie,

Awesome as usual
You & I trade the same way!
I have total faith in you & your abilities...
sj
  • #54,689
  • Mar 8, 2015 12:09pm Mar 8, 2015 12:09pm
Quoting hsn100
Hi to great tms community! Any senior trader help me to apprehend my entry/exit using PAC on Daily TF. Regards
Hsn,

Nice meeting you.
See post # 50,214 for template.
Be sure to read the ebook!
sj
  • #54,690
  • Edited 12:27pm Mar 8, 2015 12:15pm | Edited 12:27pm
Quoting Henchey
{quote} Hello SJ, thanks for sharing your advice. Can I ask, on the daily do you enter a trade on the tdi cross or wait until a close over the PAC as per Dean Malone's method? I've been waiting for the pac, but often miss pips and the trade then fails to move in my direction.
Henchey,

I use everything as a guide, but I'm not
married to it. I'm a price action trader that really like's
the Tms system. If I see a good set-up (pin bar for example)
I'll jump on it regardless of the tdi or pac. In other words
I approach this pretty flexible...but I look at everything!
sj
  • #54,691
  • Mar 8, 2015 12:26pm Mar 8, 2015 12:26pm
Quoting Bernardi
I made a quick calculation to compare the fixed amount of money per trade against the fixed risked amount of money per trade. It might be interesting for some of you, at least, I was surprised that there is a significant difference! Its based on the last 25 trades i took on the 4h timeframe with approximately 70% winner trades, and 30% losers. (I cleaned the numbers to make it easier) {image}
Bernardi,

Your analysis looks pretty accurate.
My ratio is about 70% winners & 30% losers.
(The losers happen for some reason). Always
use a emergency stop. I position size (and risk size)
if I'm taking a high risk trade (in my mind) I'll reduce
my position size. For example trading into the daily open
line (which is higher risk) I'll reduce my position size.
Every trade is different. Every set-up is different. So I
position size to reduce my risk. If everything is perfect
(tdi, trend, levels, higher time frames, etc.) I'll jump on it
with a larger position size...but I always use a emergency stop
just in case my analysis is wrong...
sj
  • #54,692
  • Mar 8, 2015 2:30pm Mar 8, 2015 2:30pm
GBPJPY
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Sad i'm not trying to understand PA
  • #54,693
  • Mar 8, 2015 3:37pm Mar 8, 2015 3:37pm
Quoting omonisha
GBPJPY {image} {image} {image}
Awesome and always and completely on par with mine !
  • #54,694
  • Mar 8, 2015 5:41pm Mar 8, 2015 5:41pm
Quoting omonisha
GBPJPY {image} {image} {image}
weekly in conflict with monthly.
which is the trend?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,695
  • Mar 8, 2015 6:00pm Mar 8, 2015 6:00pm
Hi everyone, i'm looking to move from my demo account with IG Markets to a LIVE account soon to trade TMS LIVE. I'm based in the UK, anyone here based in the UK who have been trading form some time and can recommend good honest agent/broker to open a LIVE Trading ACCOUNT with? I am worried as i have read how trading agents/brokers hedge positions against you and how they manipulate the trades/spreads so you end up a loser, IG being 1 one of them.......

Any recommendations will high greatly appreciated....thank all.
  • #54,696
  • Mar 8, 2015 6:07pm Mar 8, 2015 6:07pm
Quoting mordin
{quote} Thanks for your comments. What is then, the correct approach to use it in real time trading? Backtesting looks "easy", but I've found that in real time things change.
Why is trading TMS 5-Method so difficult for some traders? You need to answer this question yourself and work on yourself.

Back-testing has its pros and cons. Know what you are doing and what you look for when back-testing.

The Ups and Downs of Back-testing : Post#24,674

The 'correct' approach is one which you have defined for yourself and tested over 100, 200, 300... trades, fine-tuned and show consistency in trades results. That would be your correct approach and you are comfortable with. It is then your own winning trading system which fits you. You need to have your own blueprint for trading success. You won't find it here in FF.

My suggestion is drop the MTF TDI thing. Focus more time into learning Price Action and the use of Support and Resistance. Develop your own rules but first know what TMS Basic Rules are and test them in real-time market. Read eelfranz' post and how he look at PA and S&R.

TMS 5-Method Basic Rules: Post#53,842

Many here have chosen to use the Synergy_Pro_TDI and the Synergy_Pro_APB which has its own PAC build in it. If you use that, you must know how the Synergy model rules are and test them in real-time market condition. Fine-tune the rules and make them your own rules which only you understand them.

Synergy BASICs : Post#5,695 in X-Man S3 thread for H1 and H4 trading.

You want to be a consistent winning trader, you have to develop your own system using the 5-Method as the core technical trading method.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,697
  • Mar 8, 2015 6:15pm Mar 8, 2015 6:15pm
New York made its Daylight Saving time shift today local time. So we will see NYO one hour earlier and things happens around the market sessions open and close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,698
  • Mar 8, 2015 6:25pm Mar 8, 2015 6:25pm
D1 chart trading week 11 9 to 13 Mar.

Buy USDJPY
Sell NZDUSD

Anyone have a different view?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,699
  • Mar 8, 2015 7:38pm Mar 8, 2015 7:38pm
Quoting yenvila
I took two trades UC & UJ hope they work out EURUSD don't seem to be going anywhere right now {image} {image}
Hello,

Would you mind posting your news indicator on the top left of your chart please? Thank you in advance.
  • #54,700
  • Mar 8, 2015 7:52pm Mar 8, 2015 7:52pm
Quoting emmanuel7788
{quote} Why is trading TMS 5-Method so difficult for some traders? You need to answer this question yourself and work on yourself. Back-testing has its pros and cons. Know what you are doing and what you look for when back-testing. The Ups and Downs of Back-testing : Post#24,674 The 'correct' approach is one which you have defined for yourself and tested over 100, 200, 300... trades, fine-tuned and show consistency in trades results. That would be your correct approach...
I totally agree with that, I am learning TMS for 3 months now, doing exactly what eelfranz was teaching, and keeping it as simple as possible. As i was a price action trader before i found TMS, i combined it, that means I focus on TDI first, and search for conformity in price action, the TDI and the synergy bars are all indicators on my chart. I found that looking to the left is much more accurate than any indicator, and after a lot of backtesting and demoing, i have an accuracy of 70 to 80 percent on the 4H charts, and even 90 percent on the weekly time frame. So TDI, synergy bars, and price action "can" be all you need. I saw a lot of traders worrying about the additional indicators, simplicity can be very benficial Thats how it looks like, when i make my trading decisions:
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