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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #57,001
  • May 17, 2015 1:40am May 17, 2015 1:40am
Quoting Forex37
This thread was opened by Big E, the simple and easy method was created by Big E. There shouldn`t be any deviating or complicating ideas on this thread of Big E, and naturally there should not be any Big Emm on this thread of the late Big E. No respect? Emmanuel should have created his own thread with his developments of TMS like others did before. Instead he is hijacking the thread of late Big E, now also tolerating being called Big Emm. If I`m wrong, Emmanuel might confirm that he is not and will never be called Big Emm. Regards
If you actually read eelfranz posts, you would have known by now that he was all for diversity, improvising adapting and overcoming...

In post 10,732, he did say:
"You have to adapt this method to your trading personality. If you change it a little and your succesful... go for it."

http://www.forexfactory.com/showthre...31#post4911331

Emmanuel contributed to this thread in 1 week much more than you did in 4 years. In fact, I can't find any constructive posts on your behalf.

Carl Jung has a famous quote on life and adaptation. You should never ever impose your narrow views on anyone.

Quoting hsn100
{quote} Hi Zef! thnx a lot. That will b helpful. Regards,
Welcomed hsn
Best regards, Zef
  • #57,002
  • May 17, 2015 1:43am May 17, 2015 1:43am
Quoting arize
Two trades didn't work out for me yesterday and today..help what did I fail to see? {image} {image}
Your chart arize EA H1 buy trade
Attached Image (click to enlarge)
Click to Enlarge Name: arize EURAUDH1.png Size: 177 KB


My chart EA H1 buy trade
Attached Image (click to enlarge)
Click to Enlarge Name: EA Trade explained.png Size: 214 KB


Was my trade the best trade ?
No, but looking for good TDI crosses and keeping your targets small when market is slow is always a good idea. You have to be patient and wait for the setups to occur in your trading session which in this case I believe is LO.

There will be days when you have to sit on your hands but count them as the days when you saved your capital.

Kindest Regards

P.S My apologies for not contributing to this thread from past few months as I was very busy with my work and will be able to trade and share only after 30th June.
  • #57,003
  • May 17, 2015 1:48am May 17, 2015 1:48am
I would like to share this clip from Steve Nison's webinar, He is the guy who brought Candlesticks to the west and to be honest what he share in this video is worth repeating.

I hope you will like it and implement the same in your Trading.

Inserted Video



I don't own any rights to the video and all the credit to the information provided above goes to Steve Nison.
Kindest Regards
  • #57,004
  • May 17, 2015 2:00am May 17, 2015 2:00am
Quoting ZeF
{quote} If you actually read eelfranz posts, you would have known by now that he was all for diversity, improvising adapting and overcoming... In post 10,732, he did say: "You have to adapt this method to your trading personality. If you change it a little and your succesful... go for it." http://www.forexfactory.com/showthre...31#post4911331 Emmanuel contributed to this thread in 1 week much more than you did in 4 years. In fact, I can't find any constructive posts on your behalf. Carl Jung has a famous quote on life and adaptation....
Sad i'm not trying to understand PA
  • #57,005
  • May 17, 2015 2:11am May 17, 2015 2:11am
Quoting MrAussieFX
I would like to share this clip from Steve Nison's webinar, He is the guy who brought Candlesticks to the west and to be honest what he share in this video is worth repeating. I hope you will like it and implement the same in your Trading. http://youtu.be/LFEmZ-qvJy8 I don't own any rights to the video and all the credit to the information provided above goes to Steve Nison. Kindest Regards
Hi! I'm using Mozilla Firefox browser. It's not reading the link of the MrAussieFX video link. Any suggestion.

Regards,
Winners Never Quit, Quitters Never Win
  • #57,006
  • May 17, 2015 3:13am May 17, 2015 3:13am
Quoting Forex37
This thread was opened by Big E, the simple and easy method was created by Big E. There shouldn`t be any deviating or complicating ideas on this thread of Big E, and naturally there should not be any Big Emm on this thread of the late Big E. No respect? Emmanuel should have created his own thread with his developments of TMS like others did before. Instead he is hijacking the thread of late Big E, now also tolerating being called Big Emm. If I`m wrong, Emmanuel might confirm that he is not and will never be called Big Emm. Regards
Ignorance is Sheer Bliss ... PUN INTENDED ...

for all constructive work ... Read Big Emm ...
for all Non con constructive posts ...
  • #57,007
  • May 17, 2015 3:51am May 17, 2015 3:51am
Quoting hsn100
{quote} Hi! I'm using Mozilla Firefox browser. It's not reading the link of the MrAussieFX video link. Any suggestion. Regards,
maby use a different browser?
  • #57,008
  • May 17, 2015 3:59am May 17, 2015 3:59am
there's no denying this is a great system but i think the hardest part is when to take profits.....i use the one hour, and usually let it run for 2 candles, for 20 pips or so, I guess i;m a wimp, i could easily get 50+pips if i let them run
  • #57,009
  • May 17, 2015 4:41am May 17, 2015 4:41am
Quoting ZeF
{quote} If you actually read eelfranz posts, you would have known by now that he was all for diversity, improvising adapting and overcoming... In post 10,732, he did say: "You have to adapt this method to your trading personality. If you change it a little and your succesful... go for it." http://www.forexfactory.com/showthre...31#post4911331 Emmanuel contributed to this thread in 1 week much more than you did in 4 years. In fact, I can't find any constructive posts on your behalf. Carl Jung has a famous quote on life and adaptation....
  • #57,010
  • May 17, 2015 4:47am May 17, 2015 4:47am
Hi TMS Folks,

WOW! You folks have been busy on a weekend.
Quite a number of new pages/posts I need to catchup reading. It is weekend and I spend my time with other things in life. Now that it is chilly outside as the sun set, I will stay indoor and catch up with you folks and to reply all the PMs of the recent days.

cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,011
  • May 17, 2015 4:52am May 17, 2015 4:52am
[quote=ZeF;8266934]{quote} If you actually read eelfranz posts, you would have known by now that he was all for diversity, improvising adapting and overcoming... In post 10,732, he did say: "You have to adapt this method to your trading personality. If you change it a little and your succesful... go for it." http://www.forexfactory.com/showthre...31#post4911331 Emmanuel contributed to this thread in 1 week much more than you did in 4 years. In fact, I can't find any constructive posts on your behalf. Carl Jung has a famous quote on life and adaptation. You should never ever impose your narrow views on anyone.

  • #57,012
  • May 17, 2015 5:01am May 17, 2015 5:01am
Quoting jonisonvespa
{quote} maby use a different browser?
i tried, but not working
Winners Never Quit, Quitters Never Win
  • #57,013
  • May 17, 2015 5:26am May 17, 2015 5:26am
Quoting shay14
there's no denying this is a great system but i think the hardest part is when to take profits.....i use the one hour, and usually let it run for 2 candles, for 20 pips or so, I guess i;m a wimp, i could easily get 50+pips if i let them run
Shay14,

Here is what works for me (when I decide to let the trade move past 50pips):
I modified my fibs and added some extra levels, those can be found on your MT4 platform.

Whenever I enter a TMS setup (I almost exclusively wait for a breakout of range), then IF I decide to enter the trade, I place my fibs on the swing high BEFORE the breakout, and at the END of the candle which is my SETUP candle.

I did a lot of backtesting (over 150 sample size) and what I noticed is that in 70% of cases, the breakout will not go past the 161.8 Fib level.

Sometimes it gets to the 261.8 Fib, but that is very exceptional.

So knowing this, I can set my realistic expectations at the 127.2, 141.4 and 161.8 fib lines. If I see an APB closing above and with the BODY above the 161.8, I will let the trade run and "hope" for the 261.8 to be hit. Consider that such a move is in excess of 250-300 pips and will take some time to develop. I never have hit such a trade, so if you do so, please share it .

Hope this helps you a bit..

Attached Image (click to enlarge)
Click to Enlarge Name: GA TP Example for shay.png Size: 109 KB
Best regards, Zef
  • #57,014
  • May 17, 2015 5:27am May 17, 2015 5:27am
Quoting Forex37
This thread was opened by Big E, the simple and easy method was created by Big E. There shouldn`t be any deviating or complicating ideas on this thread of Big E, and naturally there should not be any Big Emm on this thread of the late Big E. No respect? Emmanuel should have created his own thread with his developments of TMS like others did before. Instead he is hijacking the thread of late Big E, now also tolerating being called Big Emm. If I`m wrong, Emmanuel might confirm that he is not and will never be called Big Emm. Regards
Why such hostility...
Emmanuel has spent so much time to help/guide other traders and continued Big E's TMS legacy in his place, so that Big E's name and teachings continue to live on - I only came to know of such a great man after his passing
  • #57,015
  • May 17, 2015 5:50am May 17, 2015 5:50am
Quoting MrAussieFX
{quote} Your chart arize EA H1 buy trade {image} My chart EA H1 buy trade {image} Was my trade the best trade ? No, but looking for good TDI crosses and keeping your targets small when market is slow is always a good idea. You have to be patient and wait for the setups to occur in your trading session which in this case I believe is LO. There will be days when you have to sit on your hands but count them as the days when you saved your capital. Kindest Regards P.S My apologies for not contributing to this thread from past few months as I was very...
Thanks Mr AussieFx for your detailed explanation

My TDI crossing angle indeed wasn't there yet and there was also a RN nearby
I have difficulty sometimes trying to identify slow ranging markets it looked like it was ready to move but wasn't
I also tend to enter mid candle and didn't wait for it to close, which is a mistake >.<
  • #57,016
  • May 17, 2015 6:04am May 17, 2015 6:04am
Quoting hsn100
{quote} i tried, but not working
could be your flash, try up dating chrome has it built in. could alao see if updating java helps
  • #57,017
  • May 17, 2015 6:15am May 17, 2015 6:15am
Quoting ZeF
{quote} Shay14, Here is what works for me (when I decide to let the trade move past 50pips): I modified my fibs and added some extra levels, those can be found on your MT4 platform. Whenever I enter a TMS setup (I almost exclusively wait for a breakout of range), then IF I decide to enter the trade, I place my fibs on the swing high BEFORE the breakout, and at the END of the candle which is my SETUP candle. I did a lot of backtesting (over 150 sample size) and what I noticed is that in 70% of cases, the breakout will not go past the 161.8 Fib level....
Thanks for the explanation. In your chart I see a possible short after your second long but also possible trap that could trick people if you didn't pay attention to the price action.
I adjusted the image, is my interpretation correct? Although now that I take another look, the correct entry was most likely a candle later since you need a red one first.
Attached Image (click to enlarge)
Click to Enlarge Name: trap&correct_entry.jpg Size: 1.1 MB
  • #57,018
  • May 17, 2015 6:26am May 17, 2015 6:26am
Quoting ZeF
{quote} Shay14, Here is what works for me (when I decide to let the trade move past 50pips): I modified my fibs and added some extra levels, those can be found on your MT4 platform. Whenever I enter a TMS setup (I almost exclusively wait for a breakout of range), then IF I decide to enter the trade, I place my fibs on the swing high BEFORE the breakout, and at the END of the candle which is my SETUP candle. I did a lot of backtesting (over 150 sample size) and what I noticed is that in 70% of cases, the breakout will not go past the 161.8 Fib level....
awesome, never even thought about Fib levels, will incorporate them for exits from tommorow. My entries are getting alot better so now mainly working on exits and take profits.

Boring sunday so I'll be backtesting

thanks alot
  • #57,019
  • May 17, 2015 6:28am May 17, 2015 6:28am
Quoting coldvinc
{quote} Thanks for the explanation. In your chart I see a possible short after your second long but also possible trap that could trick people if you didn't pay attention to the price action. I adjusted the image, is my interpretation correct? Although now that I take another look, the correct entry was most likely a candle later since you need a red one first. {image}
Hi coldvinc,

That is a great TMS entry for sure, what you're pointing at.My posted chart does not refer to entries, but to TP levels once the entry is done after a TMS setup. So I guess you could re-draw those fibs at your desired entry point and then see at which level the swing will consolidate, is that what you mean?

You can notice on the chart that I also placed most of my tests at FO/LO and during London, as I treat the other sessions as "range".

I do not use fibs for determining entry points - I read on Emmanuel's posts a couple of months ago that "this is not a fib method", and that was enough for me, I didn't even investigate more.
Best regards, Zef
  • #57,020
  • May 17, 2015 6:30am May 17, 2015 6:30am
Oh yeah sorry I should have been more clear. I kinda high-jacked your chart to see if I could also spot possible entries, so not just understand what you did in regards to exits but also figure out how the TMS system works in general.
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