Trading Made Simple

Thanks for the help.

My build is 932? Means i have to convert to 432?

I noticed this indicator is slightly similar to shi channel sonic indicator.

I'm on version 4.0 build 902 on both my platforms which was updated on 23 October. I don't think the sonic SHI works on newer builds but there is a version that does work in the paperclip on this thread.

Hello, SJ!

He quoted the words of Big E when he talked about opening your own thread.

I must say that I would gladly subscribe to your own thread, and what I would like to see is a guppy TMS system thread. Trading the H1 is ok for me, not spectacular, but overall fine, with more ups than downs. But it is very exhausting. I failed with trading the H4, which would be much more relaxing. I know you trade it, and I would like to learn from you, just as if I would have never heard of TMS before. I think many others need baby steps. I would like to start from the beginning, with fixed rules and only one template, a guppy TMS template.

I agree with the previous posts when someone said this is becoming very confusing. Everyone is adding something, everyone is extracting something, everyone uses a different way of trading the TMS, although both you and Emmanuel say that nothing has changed and you trade the way TMS was originally designed. It might look that way for both of you, because you really know what you are doing and TMS is very simple for you, but for the newcomers, it is confusing.

I, for one, would like to trade guppy TMS, and would be delighted if you opened your own thread and teach me and other newcomers with baby steps.

Please take into consideration my words!

When I look at the eur/usd 1 hour chart
I think to myself...this is a gradual wave.
I don't see a lot of chop.

Pretty clean, simple trading...
I've seen a lot worse.
sj

Catalin,

Emmanuel & I have been doing this trading for so long
that it is 2nd nature to us. We don't mean to confuse you at all!

But now your talking a different system (Tms with Guppy's).
Not to confuse anyone!

The guppy #'s are:
ema (close) 5,8,10,12,15 short term guppy's.
ema (close) 30,35,40,45,50,55,60 long term guppy's.
In this picture because I'm using the pac. The pac is the
same as the short term guppy's. I'm only putting in the
long term guppy's...for my trend!

This is basically Tms with long term guppy's. We use the guppy's
for our trend. The reason we do this is to limit our counter trend trades.
But a lot of people like counter trend trades so they don't use
the guppy system.

This picture is a example of how they look!
Please do not get confused!
sj

This 3rd picture is of basic Tms that Eelfranz taught us.

If you look at all 3 charts. Can you see that they are basically
the same thing?

The 1st picture shows s/r levels.
The 2nd picture shows trend.
The 3rd picture shows exactly how Eelfranz designed the system.

They are basically the same thing! Only minor tweaks in
how you "visually" see them. How you visually see something
can make a Hugh difference to you.

They are all the same...Pick the one that work's best for you!
Were not trying to confuse you! Easy stuff......
sj

Hi Catalin here is a guppy template, I trade the TMS combined with the guppy, it helps me indentify high probability trades and keep me out of bad trades

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Hi everyone I would like to know if any of you know of a good forex broker that works with Neteller, I am using Octafx at the moment but are not complety satisfied with them as there spread is sometimes ridiculous.

Thanks, Stefan!

I already had my guppy template. I had both the short term guppy and the long term guppy plotted on my chart. Plus the PAC. I'll take SJ's advice and remove the short term one, and only leave the longer term and the PAC. And I'll be trading the H4 to see how it goes.

I wish you many green pips!

Farhad,

I agree with you!
The last thing I want to do is confuse anyone!
Trading is hard enough without being confused.

The Shi Channel & Equidistant Channel have problems
as was discovered by us testing them live in the market.
That is why we dropped them.

I basically trade pure Tms using the Tdi hooking as my exit.
Is this the best way to trade? I don't know?
But what would be nice is to have some accurate target levels!
If the Sdc indicator turns out to be very accurate & dependable
that would be a hugh score for us. (profitability wise).

Do I think we should check out the Sdc indicator to see if it is
as good as reported, absolutely! If it turns out not as good
as advertised I think we should drop it.

I think we should keep all our options open to us! My basic thing is:
I just want to make money the simpliest, cleanest way possible.
I hate messy charts. I'm more of a apb price action trader.

Were all good by the way...we have the same goals, wishes & desires!
sj

Here's a nice example of how a professional trader handles a position and how a newbie handles one ..

Closed the trade with a few pips profit after that large BUOB after GBP New Release...

That was a good example of how using daily candle and trend in our trades by Emmanuel.

See trend of D and look at the last three candle of D and their sizes. see how beautiful you could predict the price action in lower time frames like H1 and M30.






The the key of success with TMS is combining it by PA.


Green pips to all of you
best regards.

The discussion about the evolution of TMS and how additional indicators or identifiers can help or hinder newbies comes up every few months. I've never responded to this debate before, but figure i'd offer my two cents as i am also a newbie.

To me, the core of TMS is and will always be Eelfranz post 647. Many senior members refer newbies to this post consistently. Personally, i see many members using additional tools (indicator & identifiers) to help them gauge each of Eelfranz seven points, and i see nothing wrong with that. Lets take a closer look at theses seven points:

Eelfranz said:

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

1) How close am I to the previous high or lo
Personally, i use an identifier to show me the h4 candle hi/lo on lower time frame charts like h1 &m15. This allows me to gauge h4 PA and market structure without having to keep and h4 chart open or switch TF. I can therefore judge with more ease exactly what i think Big E was saying, and this helps me decide whether to enter a trade or not.

2) Am I in an uptrend or downtrend.. short & long term
Some traders use the guppies to help them judge this point. Personally i use emas (10, 50, 200) and the tdi itself (which includes the rsi). As long as you can identify the trend or lack thereof, you should be fine.

3) Am I in or close to a consolidation area
Personally i watch-out for consolidation using three simple techniques, reentering of VB bands in TDI, looking for WRB/Mother candles, and my Big Picture Planning for previous price levels of consolidation. I cannot know for certain if Eelfranz used these three methods, but i do know he said we should avoid trading into consolidation and the above three ways is how i do it. As long as you can identify potential consolidation areas you should be fine.

4) Are the previous candles small
Personally, i prefer using synergy candles because the wicks change color when a candle is small and therefore unadvisable. Does that mean that simple HA candles are worse, no it does not. However, i like having an additional warning that i should pass on a trade. (note HA and synergy candles do have slightly different calculation)

5) Look at the candles on the last reversal... big, little, what
There are plenty of ways to judge this point: some use fibs, others judge it using ADR, etc etc, personally i'm visual and judge both reversals and retracements visually, occasionally i use Fibs which is a tool i am beginning to learn. Does is really matter what you use?

6) How does the momentum look right now (12-2, 4-6)
Many traders use a tool developed by member Griffinsoul that helps gauge the angles of the TDI over MTF. This tool works wonders for them, and Likica's thread is proof of that. Personally, i do not use this tool, i judge the angle of the cross and momentum with my eyes using consistent charts sizes and zoom levels. Does it really matter what you use?

7) Does Stoch's confirm the TDI signal
Some traders use the Stoch, many others do not. If i am not mistaken Big E himself stopped using it. I have seen traders use a stoch histogram/tape and it works wonder for them.


Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it


We have all read that PA is king and its critical importance in lower time frames, well when i began trading TMS in m5/m15/h1 i was using a candles stick identifier/indicator that would alert me to Pinbars, bu/beub, inside bars, etc etc. It was very useful at the time and was a great training wheel to help me develop my skill in identifying certain candle. I no longer use this indicator as i know which PA candles i prefer trading and i can now identify them as they are developing in a live market.

The point i am trying to convey, and many senior traders have done so before, is it doesnt matter how you interpret the seven points above as long as you begin judging each point more accurately and more consistently over time. Very few traders have the 6-10,000 hours of chart time needed to answer each of the seven points at a glance. Those of us who stick around and decide to marry MT4 will eventually get there, but until then, we should use whatever training wheels that will give us enough consistency to survive and stick around.


To me, this thread is about learning the different ways each of us interpret the following seven points and mold that into our personal strategies. No two traders are the same, and we each need to find the way/tool to interpret the above seven points. Furthermore, there is plenty of discussion in this thread regarding other topics (MM, ME/ME, PA, Trade management, Trading psychology) that is very enriching and would be considered intelligent discussion in just about any other thread. Tying some of these topics into the basics of TMS/5-method is what i personally believe will eventually take me to the next level of trading.

Reading glasses and elbow grease is all us newbies need.

Great weekend to all,
N

Nik-Nyc,

Nice meeting you!

I would say...you got it down!
Also, Remember that Eelfranz used a different Tdi.
His Tdi has been replaced at least by 5 other Tdi's. (which
is confusing in itself...which Tdi do I use?).

Trading is all about learning. What works for you might not
work for me. Eelfranz traded on the West Coast of the USA &
slept through the whole London session. From what I can tell
we have people here from all over the world that trade through
the London session with what works for them.

I think the key word is we need to be "flexible". I remember Eelfranz
said don't be so "rigid".

But what you posed is 100% correct.
sj

SJ,

Yes, indeed, not being rigid seems to be the key, in trading and probably many other aspects of life too.

I was just scratching the surface, but you are correct, even the TDI has evolved dramatically. This thread has great information on the differences between the original red/green vs the newer synergy pro tdi. All traders should be able to make a decision on which tdi suits them and the current market conditions best. Emmanuel has many posts comparing the two and recently even trades with both overlaid to show the differences.

Personally, i am still weighing whether i prefer the synergy pro pac or the 5 ema shift 3. I feel that the PAC keeps me out of some potential losers and/or consolidation, but the 5 ema shift 3 does get me into trades earlier and with tighter SL and therefore greater R-mutiple potential (fear vs greed, once again). No to mention the 10 ema is critical on my chart so perhaps i should learn to use that to avoid clutter. Time will tell.

I think the best proof a newbie has that they need to find what works for them is to compare what senior members chart look like. Omonisha's chart isnt the same as Phx62, TheScorps isnt the same as Likicas, and yours is not the same as Emmanuel's. Heck these traders trade timeframes as diverse as m30 to W1!

Good to have you back SJ and great weekend to all,
N

Nik-Nyc,

The only reason I use the pac is because it loads up with the new
Synergy Pro Tdi. It's just there & I got tired of messing with it.

But they real key is the green/red cross!

The cross has nothing to do with 5 ema shift 3, or ema 10, or
the pac. Eelfranz dropped the 5 ema shift 3 & just went with the cross
of the tdi. The moving averages are just their to guide us. I trade
off of the Tdi.

We all have different charts. I think Likica, Omonisha, Phx62, TheScorpS,
David, Emmanuel, Lastingwell, Griffinsoul & others are great traders! We all
seem to find the time frame that we like & go for it! And we all trade differently...

The big secret is find what works for you & go for it & hope for the best!
Their is no 100% successful system in Forex.
sj

Do Not rely too much on your technical indicator for your trading.

The below chart will show you why?