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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

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

  • #68,121
  • Apr 10, 2016 5:42am Apr 10, 2016 5:42am
thks..like Arjun arrow
the cautious seldom err....C
  • #68,122
  • Apr 10, 2016 6:18am Apr 10, 2016 6:18am
Quoting pips29
thks..like Arjun arrow
sorry, I only have that in print copy.

someone just sent me another of Jack Schwager book "The New Market Wizards".

good read...
Attached File(s)
File Type: pdf Jack Schwager - The New Market Wizards.pdf   1.1 MB | 8,559 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,123
  • Apr 10, 2016 7:54am Apr 10, 2016 7:54am
Quoting LazyLobster
{quote} Very illuminating! You're hit rates are better than I thought they were. I've had an itch in the back of my brain when looking at your trade statistics. Often, the average losing trade you have is incredibly small...Of course my first reaction was that you were able to keep losses small by getting out early or getting out of a bad position by waiting for a "good" retrace (guts of steel that would take). But I never really believed this to be the case. So many of those loses are just built in to your winning trades! Yes. This explains my...

Hi LL,

just to show you how the ME/ME work using this back-testing chart which ran today using AU data Jan to Mar .
In every open position with maximum 5 trades, we take profits at every opportunity when the market move above the average entry price of our open trades. When ever possible, we take profits - most often with 1 to 2 losses but the number of winners are more the the losses. The statistics showing consecutive winners and consecutive losses is important when we see such exit strategy. What is important is the position or basket of trades is profitable 65% to 75% of the time. We have some losing trades but fewer losing basket/positions. The drawdown is kept to minimal.

I must add that to trade this way and be profitable, we must do our Big Picture Plan consistently and be 'accurate' tp pick the best setups by following the higher timeframe trend using Weekly as the dominant trend.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Back test AU Jan to Mar 2016.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,124
  • Apr 10, 2016 8:46am Apr 10, 2016 8:46am
My 2 cents regarding the thread:

Personally, I think it would be great to start a new thread for position trading with ME/ME. In the thread you could focus on the technicalities of building positions while making abstraction of entries. A bit like Graviton's method you could explain the power of ME/ME for capturing trends and exploiting intraday noise that could be applicable to any sort of trendfollowing system. The way I see it, ME/ME captures trends and its of lesser importance how you make entries. This way, people who already trade certain systems can read and learn from your method and perhaps implement this in their own trend following system.

This could also free the TMS-thread from ME/ME discussion (Im definatly guilty) and make the thread "Simple" again. Focus could again become how to spot valid entry signals (something I seem to do poorly).

Enjoy the rest of the weekend,
  • #68,125
  • Apr 10, 2016 8:59am Apr 10, 2016 8:59am
Quoting emmanuel7788
{quote} Hi Folks, I just want to pick up this point made by Jaime on starting a new thread. About starting a new thread, well this has been frequent requested by members that I start a new thread. It is not an easy decision to simply start a new thread. It needs to be carefully thought through because it can affect other people lives when they learn from new thread which does not help them become better traders and be profitable. I do not believe in acting in rash manner starting a new thread overnight out of emotions. As one member shared with...
My view as a new comer to the TMS universe:

1) This thread is BigE's thread and he is now in a better place and cannot contribute any more. The thread is therefore in auto-pilot and no one is able to set the pace (in a proper way). And since senior TMS traders have different trading styles, there is a tendency for tensions to grow which benefit no one.

2) The present thread is very inefficient since its impossible to centralise information and it becomes very confusing for a new trader who wishes to learn TMS. For the ones who try to teach/help (Emmanuel in particular) it must be very time consuming and frustrating not having better conditions.

3) Emmanuel, I believe you have a natural pedagogic talent to transmit your knowledge, methodical, patient, persistent and rational, which is very helpful specially to a trader who is still learning. You should use that talent to help others if that pleases you, and you should seek decent conditions to do it.

4) Emmanuel, BigE was a mentor to you and you respect him but, I believe you evolved from what you learned and you should not hide that. You should be proud of your knowledge, experience and the way you evolved your personal style.

5) This thread will never disappear and the knowledge it has will remain. It can be consulted, studied, referenced, etc.

6) For all of the above, I believe it would be very positive to have a new thread where you, Emmanuel, can have your space, to teach your version of TMS, with your adaptations and your style. And to do that free of the pressure of having to respect BigE's legacy and free of the other senior TMS traders pressure who may not like this or that.

7) It's a personal decision and I hope you'll go for it. I like what you teach and how you teach, in particular the multiple entry / multiple exit approach. Don't feel pressured, you don't owe anyone anything and you don't have to be the saviour of the ignorant masses, make that clear in the new thread if you decide for it. Anyway I'll keep on reading you and learning.

Jaime
  • #68,126
  • Apr 10, 2016 10:06am Apr 10, 2016 10:06am
Share one indicator
Attached Image(s) (click to enlarge)
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Attached Images
Attached File(s)
File Type: ex4 TMS_Trade_Alert.ex4   50 KB | 453 downloads
  • #68,127
  • Apr 10, 2016 10:11am Apr 10, 2016 10:11am
Quoting Davit
{quote} H4 chart is not scalping.Simple as that. How big E refers to it is his interpretation but its not scalping. Lets not turn big E into a God and start turning everything he said into absolute platitudes. "A lot of the problems are people trading 5min-1hr charts... your setting yourself up for failure in most cases..." Funny because at TMS30 Likica ,myself,Griffinsoul and many others make consistent money trading 30min charts... And thousands of traders making their daily bread on 15min charts as well. So everyone is human and stop peddling...

Hay davit - why are you such an a hole? Stay on your own thread DK head.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #68,128
  • Apr 10, 2016 11:45am Apr 10, 2016 11:45am
Quoting leescofield
Share one indicator {image} {file} {image} {image} {image} {image} {image}
Hi
If you check out the paperclip at the top you will find all the original indicators from that trading system without the names being change. However, I wouldn't discuss it on the forum as I think it is classed as commercial content.
cheers
LL
Never argue with a fool; onlookers may not be able to tell the difference.
  • #68,129
  • Apr 10, 2016 11:55am Apr 10, 2016 11:55am
Quoting leescofield
Share one indicator {image} {file} {image} {image} {image} {image} {image}
Is paid for Synergy Pro Trade Alert will give newbies good signal and/or profit targets but not a high win rate on certain pairs and timescales below 4hr.

For me it gives signals often 2 bars after optimum entry but do your own testing.
We're all just one trade away from humility.
  • #68,130
  • Apr 10, 2016 12:11pm Apr 10, 2016 12:11pm
Eelfranz:

5-15 min time frame trading... you got to quit trading those trash time frames. Granted there are 2 out of 100 who can Kick bootie there but chances are your in the 98% who can't. I hear it over and over traders complaining that they have 2-3 years experience but can't keep their head above water... always losing or just breaking even... or worse... You can't get different results if you keep doing the same thing over and over... just ain't gonna happen anytime soon
  • #68,131
  • Apr 10, 2016 2:19pm Apr 10, 2016 2:19pm
Hey everyone,

Here's my analysis of EURUSD

Any advice/feedback would be greatly appreciated

Attached Image (click to enlarge)
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  • #68,132
  • Apr 10, 2016 3:10pm Apr 10, 2016 3:10pm
Quoting TheRock
Hey everyone, Here's my analysis of EURUSD Any advice/feedback would be greatly appreciated {image} {image}
I am getting ready for a break out to the upside, weekly ended in a doji which shows indecision, daily is doing higher lows and still above 10 ema, it may pull back a bit to 1.13 area then from there I would look for buying signals, but if this week low gets broken then we may go down further, plan a and plan b..
  • #68,133
  • Apr 10, 2016 3:26pm Apr 10, 2016 3:26pm
Quoting mazingaz
{quote} I am getting ready for a break out to the upside, weekly ended in a doji which shows indecision, daily is doing higher lows and still above 10 ema, it may pull back a bit to 1.13 area then from there I would look for buying signals, but if this week low gets broken then we may go down further, plan a and plan b..
Yeah I see what you mean, mazingaz.

Cheers for the advice.
  • #68,134
  • Apr 10, 2016 3:53pm Apr 10, 2016 3:53pm
I've been searching for a position size calculator which I can use inside Metatrader 4, and I think I've found quite a good one.

I've shared the link below.

You set your percentage risk per trade in the settings of the indicator, then you have two horizontal lines, one is the SL (green line), and the other is entry price (blue line), you can move these on the chart and it will readjust the lot size to the percentage risk you've selected, it also displaces the monetary value at risk.

I've also attached a screenshot so you can see what it looks like.

Hope it helps

Attached Image (click to enlarge)
Click to Enlarge Name: Position size calculator.png Size: 48 KB
Attached File(s)
File Type: zip PositionSizeCalculator_Separate.zip   9 KB | 342 downloads
  • #68,135
  • Apr 10, 2016 4:45pm Apr 10, 2016 4:45pm
Wow, an eventful few days i missed.

First things first, Emmanuel has without a shred of doubt been one of the most helpful, selfless, and honest member on FF. The sheer volume of questions he answers, the countless marked-up detailed charts he presents daily, and the quality of additional resources he posts is simply unparalleled by anybody else in this entire thread and in my personal opinion only matched by a handful of others on FF.

Regarding a new thread started by Emmanuel, obviously i would be very pleased. I think basic TMS could be explained in the first few post, and the remainder of the thread could be used to explore advanced topics like MM, ME/SE, MM/ME, the queen (10Ema), advanced tools (EA's), trade psychology, etc etc. This type of thread would literally be a gold mine and would shave-off considerable time from the learning curve of any serious individual looking to learn how to trade the forex markets. As lovely as that sounds, the truth is this is the internet and each member would be participating with different levels of experience and to be frank, different levels of seriousness. As with any thread on FF, there are often many people who choose to participate that clearly have not even fully read the first post of the thread. Truth is, the vast majority of the content of the new thread has already been shared here, all that is required is searching, digesting, and eventually testing it in order to decided whether there is any benefit for our personal trade plan and trading style. Who really benefits from a new thread, the serious hardworking member of FF or perhaps others? Personally, i do not know, but i am sure Emmanuel will make all the proper considerations before making a decision. As long as you don't disappear from FF, i think most of us will be happy.

These are my two cents, i hope i have not offended anyone as that was certainly not my intention.

Best,
N
  • #68,136
  • Apr 10, 2016 5:17pm Apr 10, 2016 5:17pm
Quoting emmanuel7788
{quote} Hi Folks, I just want to pick up this point made by Jaime on starting a new thread. About starting a new thread, well this has been frequent requested by members that I start a new thread. It is not an easy decision to simply start a new thread. It needs to be carefully thought through because it can affect other people lives when they learn from new thread which does not help them become better traders and be profitable. I do not believe in acting in rash manner starting a new thread overnight out of emotions. As one member shared with...

Hi Emmanuel,

since Big E has started this thread quite accurately 5 years ago, it seems to me that the actual discussion is following basically two different directions and trading styles: the style Big E used to have and ME/ME (which I perceive as a development of the original style). So I vote for a separation of the two directions to keep things clear and simple... I would be very happy about a new ME/ME thread. My interests would be learning more about using ME/ME in different TF, trade invalidation, starting conditions / patterns etc.

On the other hand you would be missed here ... this thread is in need for you or other seniors to take care
Best regards, blackfriday
  • #68,137
  • Edited 6:54pm Apr 10, 2016 6:03pm | Edited 6:54pm
EURUSD Week 15 April 11 to 15 Outlook:

Since we have a breakout of that monthly high-low range, I continue to stay on the side of the buyers. Can be choppy on its way up and we must pay attention to major market/world events which can cause another tumble or a freak break higher.


Attached Image (click to enlarge)
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Trade Well and Trade Safe... always have your stop loss, never sell on rising prices.

Edit: add D1 chart.

Attached Image (click to enlarge)
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difficult to form a bias for today's trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,138
  • Apr 10, 2016 6:11pm Apr 10, 2016 6:11pm
The Hard Truth about the TDI...

Attached Image (click to enlarge)
Click to Enlarge Name: EUUSD weekend gap and TDI.png Size: 39 KB


when you cannot handle the hard truth, you can also put the TDI in your ignore list.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,139
  • Apr 10, 2016 7:51pm Apr 10, 2016 7:51pm
Quoting emmanuel7788
The Hard Truth about the TDI... {image} when you cannot handle the hard truth, you can also put the TDI in your ignore list.
That's why Emmanuel I start learning more about PA. I think TDI plus PA shuld be a killer way to trade.
  • #68,140
  • Edited 10:06pm Apr 10, 2016 8:55pm | Edited 10:06pm
Quoting TheRock
I've been searching for a position size calculator which I can use inside Metatrader 4, and I think I've found quite a good one. I've shared the link below. You set your percentage risk per trade in the settings of the indicator, then you have two horizontal lines, one is the SL (green line), and the other is entry price (blue line), you can move these on the chart and it will readjust the lot size to the percentage risk you've selected, it also displaces the monetary value at risk. I've also attached a screenshot so you can see what it looks like....
can you upload ex4.file?thx
I use the other one calc your lot size automative,depend the TF you choose,risk ratio
semi-automation trade
When I choose the lots,I put the trigger,with ATR as SL TP.
THV Cavemanager look after my SL TP.
All we need is learn how to aim the target,buy or sell,the right time!That's more importance I think.
Learn from the success trader ,BigE ,Emm
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB
Click to Enlarge Name: Screenshot2.png Size: 6 KB
Attached File(s)
File Type: ex4 PositionSizeCalculator.ex4   18 KB | 240 downloads
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