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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

  • #67,881
  • Apr 1, 2016 8:07pm Apr 1, 2016 8:07pm
Quoting gorik
Hi Guys, First of all thank you very much for the valuable info on this thread. I have a question how do you guys identify range bound market? Thank you

There are many different ways how traders identify range bound market.

Since we are trading with TMS 5-Method, we look at big candles and small candles what Big E taught us.
But Big E removed all the lines of the original TDI except the Green line Price Line PL and the red line Trade Signal Line TSL, this he did to make it simple for himself. When he did this, he unknowingly remove one of the many features of the TDI.
I use the TDI with all the original lines - yellow Market Base Line MBL, the blue band Volatility Band VB

For big candles, I look for Wide Range Bars WRB.

Example below:

What was that extreme WRB I pointed to? What happened that day?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,882
  • Apr 1, 2016 10:50pm Apr 1, 2016 10:50pm
Quoting pips29
{quote} from your chart you need to break the high in order that a higher low is made and that will be an uptrend
agree
Joining The 10%
  • #67,883
  • Apr 2, 2016 1:35am Apr 2, 2016 1:35am
Hi Everyone

Here is my Results from 18th March till date with lot size .01 lot. I may have low return as compare to others but want to keep very simple my system in terms of TP, SL, Adding entry on retrenchment and most is in which direction( based on weekly and daily) and when( Daily or 4hr ).

I do not have much time to monitor trades i give hardly an hour a day. Now it is stress free trading.

Thanks Emmenual and very one for your help and support in learning.

Thanks

Mk
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  • #67,884
  • Apr 2, 2016 2:35am Apr 2, 2016 2:35am
Quoting emmanuel7788
{quote} can you visualize this... {image}
sweet
  • #67,885
  • Edited 6:01am Apr 2, 2016 4:39am | Edited 6:01am
Quoting mkfx
Hi Everyone Here is my Results from 18th March till date with lot size .01 lot. I may have low return as compare to others but want to keep very simple my system in terms of TP, SL, Adding entry on retrenchment and most is in which direction( based on weekly and daily) and when( Daily or 4hr ). I do not have much time to monitor trades i give hardly an hour a day. Now it is stress free trading. Thanks Emmenual and very one for your help and support in learning. Thanks Mk {image}

Hi MK,

Your account balance is trending very nicely... well done.

This simply shows that trading TMS 5-Method with Multiple Entries / Multiple Exits with small lot size works great for those who have full-time day jobs and cannot trade the lower timeframe charts. Exactly what you experienced so far, it is stress free trading.

Plenty of trade opportunity in the weeks ahead with ME/ME.

Have a Good Weekend and be prepared for coming weeks.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,886
  • Apr 2, 2016 5:25am Apr 2, 2016 5:25am
Good morning, you know where I can find the TDI PRO indicator of which I enclose picture?
Thanks and good weekend to all
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  • #67,887
  • Apr 2, 2016 5:41am Apr 2, 2016 5:41am
Quoting giamma23
Good morning, you know where I can find the TDI PRO indicator of which I enclose picture? Thanks and good weekend to all {image}
Hi giamma23,

you may not be aware of this,

that TDI Pro is a commercial product and I suggest we do not post anything which has anything to do with commercial products of CompassFX and Dean Malone in this thread.

eelfranz aka Big E made mentioned this in his post#114.

<quote>
Ok... lets quit posting anything more about any commercial sites as well as Dean Malone... I don't want to end up in the Commercial area so please help. I'll have to beat your corn flakes black and blue if it happens ...

...
<>

We risk this thread being send to the Commercial Content forum because some jealous and unhappy members are making complaints to the FF Admin.

Thank you for your understanding and support here.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,888
  • Apr 2, 2016 5:51am Apr 2, 2016 5:51am
ok I apologize, I did not know ...

A non-commercial TDI that recognizes the divergence exist ?

tks
  • #67,889
  • Apr 2, 2016 6:04am Apr 2, 2016 6:04am
Quoting giamma23
Good morning, you know where I can find the TDI PRO indicator of which I enclose picture? Thanks and good weekend to all {image}
Search
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Attached Images
  • #67,890
  • Apr 2, 2016 6:47am Apr 2, 2016 6:47am
Quoting leescofield
{quote}Search {image} {image} {image}
TMS ANGLEATOR OR TDI ALERT do not recognize divergence

tks
  • #67,891
  • Apr 2, 2016 6:58am Apr 2, 2016 6:58am
Quoting giamma23
{quote} TMS ANGLEATOR OR TDI ALERT do not recognize divergence tks

The best Divergence are seen with our own eyes. No indicators will ever produce divergence good enough for manual trading.

You want to learn about TDI divergence, you must learn the RSI and how price action and RSI create divergence and how to trade them.

Read this book
RSI: The Complete Guide Post#27,110 by John Hayden
The Truth about Divergence ... read Chapter 4 Page 65
Trend Determination using the RSI (TDI) Post#26,774

I have seen many traders post winning trades and with divergence drawn on their charts. But those trades were winners not because of the divergence on their chart. Their winning trades were simply price action trades taken at the right moment of the market. You have not seen how may of those purported divergence failed to produce winning trades. Why? because the market creates divergences to set up many traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,892
  • Apr 2, 2016 7:04am Apr 2, 2016 7:04am
thanks emm I've already read those texts I'm just doing some tests and I needed that kind of indicator
  • #67,893
  • Apr 2, 2016 7:21am Apr 2, 2016 7:21am
Quoting giamma23
thanks emm I've already read those texts I'm just doing some tests and I needed that kind of indicator

remember what Big E said about the TDI. He did not use divergence.

http://www.forexfactory.com/showthre...13#post4575913

see chart below:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,894
  • Apr 2, 2016 8:19am Apr 2, 2016 8:19am
I need to repeat the test alone, I know I'm going out of the 3d rules and for this I ask sorry again


I can not always be at the pc I need a marker with allert
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  • #67,895
  • Apr 2, 2016 9:51am Apr 2, 2016 9:51am
I think it's a strange thing to switch to use TDI pro. It makes APB change color redundant.

When there is a cross on TDI pro, APB (almost) always changes color. Can anyone give an example where TDI pro crosses but APB still the same color?

Probably not..

So technically we are just trading TDI pro crosses now aren't we?
  • #67,896
  • Apr 2, 2016 10:03am Apr 2, 2016 10:03am
Quoting unigeni1
I think it's a strange thing to switch to use TDI pro. It makes APB change color redundant. When there is a cross on TDI pro, APB (almost) always changes color. Can anyone give an example where TDI pro crosses but APB still the same color? Probably not.. So technically we are just trading TDI pro crosses now aren't we?
Most often a TDI cross will be accompanied by the corresponding APB colour. But not always. I think, especially after a strong move, when the TDI is in extreme territory, you can have a TDI cross with wrong colour APB. But this candle would never really be a valid setup because there is also the 5EMA/3. A TDI cross that crosses the 5EMA/3 should be a nice long bar with correct APB colour.

Please do not think the TDI is some magic indicator. We need to study it closely and gain experience with it. Taking just any TDI cross will result in failure.

Best,
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  • #67,897
  • Apr 2, 2016 10:04am Apr 2, 2016 10:04am
Hi emmanuel, and TMS traders,

I'm having a Lot of trouble on deciding Targets, and more than 90% of my trades R:R is bellow 1:1 because of that, I'm usually setting SL's behind last swing or S/R area, but having a hard time on deciding Targets and because of this I'm amost all the times out of the trade before 1:1 RR achieved. would someone please advice me, how can I efficiently chose Targets on H4 swing trades? or even when the market is trending. My biggest problem today is targets.
Thanks very much!
  • #67,898
  • Apr 2, 2016 10:12am Apr 2, 2016 10:12am
Quoting mokuro89
Hi emmanuel, and TMS traders, I'm having a Lot of trouble on deciding Targets, and more than 90% of my trades R:R is bellow 1:1 because of that, I'm usually setting SL's behind last swing or S/R area, but having a hard time on deciding Targets and because of this I'm amost all the times out of the trade before 1:1 RR achieved. would someone please advice me, how can I efficiently chose Targets on H4 swing trades? or even when the market is trending. My biggest problem today is targets. Thanks very much!
Hi Mokuro,

I think you have a couple of options:

1) Original Big E style who is aggressive and does not tolerate any drawdown.

You can use the original TDI set to 'Close' and exit trades according to his exit rules. This is more of a scalping style.

2) Single Entry / Multiple Exit

You could use something like CaveManager to scale out of trades at certain distances

3) R-multiple concept

You can study the R-multiple concept and lock in 1R every time a trade moves 1R in your favor.

4) % of AWR

Emmanuel sometimes advocates using a % of AWR for targets in your Swing Trades. He uses TDI set to 'TP' so the tweaks are no exit signal.
I think this can help you.

Best,
  • #67,899
  • Apr 2, 2016 10:35am Apr 2, 2016 10:35am
Quoting tibovwh
{quote} Hi Mokuro, I think you have a couple of options: 1) Original Big E style who is aggressive and does not tolerate any drawdown. You can use the original TDI set to 'Close' and exit trades according to his exit rules. This is more of a scalping style. 2) Single Entry / Multiple Exit You could use something like CaveManager to scale out of trades at certain distances 3) R-multiple concept You can study the R-multiple concept and lock in 1R every time a trade moves 1R in your favor. 4) % of AWR Emmanuel sometimes advocates using a % of AWR for...
can not open
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  • #67,900
  • Edited Apr 3, 2016 12:53pm Apr 2, 2016 1:48pm | Edited Apr 3, 2016 12:53pm
Dear TMS Traders, i make an indicator to show:
ATR(52) on Weekly chart and,
ATR(100) on Daily chart
hope it will useful
enjoy!

UPDATE: Corner setting

Attached Image

Attached File(s)
File Type: ex4 ATR BridgeWater.ex4   8 KB | 261 downloads
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