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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

  • #74,161
  • Dec 26, 2016 11:07am Dec 26, 2016 11:07am
Quoting zackery
@emmanuel: Thanks a lot for your last help regarding your view about CHF-Trades. 2 questions about your style: 1.how long do you hold your Trades in the Daily-TF? Based on the amount of candles (i.e. after 3 candles with no reaction=OUT or something like that??) or Price Action or Volume? Or at which point you are going to decide to go out of your Trade? 2.I have attached a screenshot from a Trade I had taken with a big loss after 5 days. Have you taken this Trade (why and why not) and how do you have handled this Trade if you were in? Thanks for...
Attached Image (click to enlarge)
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i would switch to a much lower timeframe and try to scalp inside those ranges if possible (300 pip the big one and 150 on candle3)
  • #74,162
  • Dec 26, 2016 11:43am Dec 26, 2016 11:43am
Quoting zackery
@emmanuel: Thanks a lot for your last help regarding your view about CHF-Trades. 2 questions about your style: 1.how long do you hold your Trades in the Daily-TF? Based on the amount of candles (i.e. after 3 candles with no reaction=OUT or something like that??) or Price Action or Volume? Or at which point you are going to decide to go out of your Trade? 2.I have attached a screenshot from a Trade I had taken with a big loss after 5 days. Have you taken this Trade (why and why not) and how do you have handled this Trade if you were in? Thanks for...

I am clealy not Emmanuel, even more i am a noob, so sorry for breaking in.

- I am not sure if trend needs to be considered in TMS (still trying to figure it out actually), if so, this short trade is taken in a massive uptrend.

- I somewhere read that ideally the TDI crossing should occur somewhere between the 32-68 lines, while in this trade the crossing occured above the 68.

- maybe the angle of the tdi is not in your favor, it looks to me a 2-4 crossing (quite flat), as for more succes it should look like 4-6 (clockwise).

again i am just reading along and not a professional at all.

regards
BT
  • #74,163
  • Dec 26, 2016 12:00pm Dec 26, 2016 12:00pm
Quoting zackery
@emmanuel: Thanks a lot for your last help regarding your view about CHF-Trades. 2 questions about your style: 1.how long do you hold your Trades in the Daily-TF? Based on the amount of candles (i.e. after 3 candles with no reaction=OUT or something like that??) or Price Action or Volume? Or at which point you are going to decide to go out of your Trade? 2.I have attached a screenshot from a Trade I had taken with a big loss after 5 days. Have you taken this Trade (why and why not) and how do you have handled this Trade if you were in? Thanks for...
here is a clearer view of the same chart. as a rule I dont take the trade if it doesnt cross the 5ema. and not against a strong daily trend. I would trade the retracement on a smaller timeframe.
Attached Image


and the same on 4H chart. I wouldnt trade inside the guppies (30-60ema band). again the trend is obviously up. I would "feel comfortable" buying on the next signal.
Attached Image (click to enlarge)
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to summarize: I don't like the idea of shorting there on the daily timeframe
  • #74,164
  • Dec 26, 2016 12:04pm Dec 26, 2016 12:04pm
Quoting BataviaTrade
{quote} I am clealy not Emmanuel, even more i am a noob, so sorry for breaking in. - I am not sure if trend needs to be considered in TMS (still trying to figure it out actually), if so, this short trade is taken in a massive uptrend. - I somewhere read that ideally the TDI crossing should occur somewhere between the 32-68 lines, while in this trade the crossing occured above the 68. - maybe the angle of the tdi is not in your favor, it looks to me a 2-4 crossing (quite flat), as for more success it should look like 4-6 (clockwise). again i am just...
TMS is a trend following system.
You need to read a few pdf's. Down load from paperclip top right. They have all the answers you might seek.
  • #74,165
  • Dec 26, 2016 1:43pm Dec 26, 2016 1:43pm
Quoting JanCeulemans
{quote} I am afraid you may have interpreted this thread a little in the wrong way. Yes, it is true that since 2011 many have contributed and many have adapted the original system to their own methods but the core elements are still there. In fact, Eelfranz has very often explained again and again to stick to the original rules, not adding additional indicators at all. I myself am trading this system in it's original form and being succesful with it and above all.... very happy. So my advice would be: go back to the 'drawing table' in DEMO modus...
Thanks Jan, Very helpful pdf's! :-)
  • #74,166
  • Edited 2:46pm Dec 26, 2016 2:32pm | Edited 2:46pm
Quoting JanCeulemans
Hi fellow TMS traders I have a little question. A fellow trader (Luvene) showed me a thread where a tool was discussed and shared called TMS Dashboard (I will attach the file) My question. Who amongst you do actualy use this dashboard and why would you encourage to use it? For those who used it but stopped using it, why would you not recommend it? {image} Here's the file. For those who do NOT know, this is an expert Advisor (no, it does not take trades.... it only shows) so if you want to test it, you have to put it in your experts folder....
JanCeulemans,

I use the TMS Monitor. It is an efficient tool for keep track of multiple pairs at each candle close, which in my case is each h4 candle and once a day on d1. The information which it provides at a glance is:

- Heiken Ashi Section: Colour of current and next three higher time frame HA candles. Trading in same direction as HTF is a good idea if you want to be a trend trader.

-TDI Section: This section offers a comparison between the previous bar and the current bar in both Slope and direction. The slope values are particularly useful to gauge whether a move is getting weaker or stronger. This is less useful for fresh crosses, but very useful for "bounce" trades.

-Ha/5ema Section: This section shows whether PA is above or below the 5ema, but what i mainly look for is purple arrows which indicate price recently crossed the 5ema (think of bigE candle 1 or 2 rule).

TMS Monitor Recommendation Section: I do not use this section, indeed it is not advisable to trade based on these recommendations. You should trade your own plan based on your own analysis.

Therefore, the TMS Monitor is useful in "monitoring" a large number of pairs and saves you hundreds of clicks a day by ignoring certain pairs if conditions are not met in the monitor itself. Furthermore, if you arrange the pairs in the monitor as Emmanuel has suggested, it is also easy to check for correlation (three amigos) should you choose to look at such things.

Hope this offers some insight into how the TMS Monitor can be used as a tool.

Best,
N


Edit to post pic (Emmanuel) & link:

http://www.forexfactory.com/showthread.php?t=303347

Attached Image
  • #74,167
  • Dec 26, 2016 2:39pm Dec 26, 2016 2:39pm
Quoting Nik-Nyc
{quote} JanCeulemans, I use the TMS Monitor. It is an efficient tool for keep track of multiple pairs at each candle close, which in my case is each h4 candle and once a day on d1. The information which it provides at a glance is: - Heiken Ashi Section: Colour of current and next three higher time frame HA candles. Trading in same direction as HTF is a good idea if you want to be a trend trader. -TDI Section: This section offers a comparison between the previous bar and the current bar in both Slope and direction. The slope values are particularly...
Thanks Nik, This information is much appreciated. Going to study this a bit
First comes knowledge about yourself, then comes a system...
  • #74,168
  • Dec 26, 2016 2:43pm Dec 26, 2016 2:43pm
Hi fellow-traders,

About a year ago (I think) I purchased Forex Tester 2. Is this program known to you and do you or did you ever use it?
Welnow, I thought by myself, let's have a look again. I wanted to built the TDI indicator (compose it from RSi and MA's for which I found an instruction) but to my pleasant surprise it appears the TDI indicator is already built in.

So, I have created our TMS environment in Forex Tester and am going to test myself on 2015. I will keep you posted. It is a great tool for testing.
Attached Image (click to enlarge)
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First comes knowledge about yourself, then comes a system...
  • #74,169
  • Dec 26, 2016 3:47pm Dec 26, 2016 3:47pm
Quoting JanCeulemans
I wanted to built the TDI indicator (compose it from RSi and MA's for which I found an instruction)
Done already. Striped to calculate only red and green line: http://www.forexfactory.com/showthre...22#post9380022
From Emm:
How to create the TDI using the RSI available in other platform: Post#15,546
Fozzy RSI Method Post#59,617
  • #74,170
  • Dec 26, 2016 4:06pm Dec 26, 2016 4:06pm
Quoting Tekkies
{quote} Done already. Striped to calculate only red and green line: http://www.forexfactory.com/showthre...22#post9380022 From Emm: How to create the TDI using the RSI available in other platform: Post#15,546 Fozzy RSI Method Post#59,617
I know it was already done What I meant was, I wanted to built it into Forex Tester but it was also already one of the built in indicators.
First comes knowledge about yourself, then comes a system...
  • #74,171
  • Dec 26, 2016 5:24pm Dec 26, 2016 5:24pm
I'd like to understand if Eelfranz's indications, as expressed in his pdf, are still valid or not.
Thanks
  • #74,172
  • Dec 26, 2016 5:40pm Dec 26, 2016 5:40pm
Quoting JanCeulemans
Hi fellow-traders, About a year ago (I think) I purchased Forex Tester 2. Is this program known to you and do you or did you ever use it? Welnow, I thought by myself, let's have a look again. I wanted to built the TDI indicator (compose it from RSi and MA's for which I found an instruction) but to my pleasant surprise it appears the TDI indicator is already built in. So, I have created our TMS environment in Forex Tester and am going to test myself on 2015. I will keep you posted. It is a great tool for testing. {image}
Hi, I use forextester now they have 3rd edition. Yeah, it's great tool to test.
  • #74,173
  • Dec 26, 2016 5:46pm Dec 26, 2016 5:46pm
Quoting Sanbernardin
I'd like to understand if Eelfranz's indications, as expressed in his pdf, are still valid or not. Thanks
Yes, absolutely.

When reading the pdf and bigE posts/charts, make sure you understand that not every TDI cross is a high probability trade. Pay special attention to posts 261 & 647.

After you have learned the basics of TMS you should ask yourself two questions:

1-Are the markets, and their inherent movements, the same as the markets BigE traded?

2-Do i want to trade like BigE? or Do i want to be a scalper, day trader, swing trader, or position trader?

Learn the basics, then you can adapt TMS to suit your personal needs/goals/personality... It's a wonderful method that is very versatile.

All the best,
N.
  • #74,174
  • Dec 26, 2016 6:12pm Dec 26, 2016 6:12pm
Quoting Syl9billion
HI elfranz. I think this method looks good but unfortunately I don't seem to have this TDI on my MT4 platform from fxcm. Is there something am missing please?
Read post #69,358 first
Focused Thought & Strong Desire Manifest Reality
  • #74,175
  • Edited 7:10pm Dec 26, 2016 6:47pm | Edited 7:10pm
Hi all,

I just placed some orders, please feel free to comment. Still learning.

Edit: I closed the NZDCHF trade, as we have a master candle there. Slope and stoch were not that great too.
I know that I am trading against the daily trend but its close to crossing TDI, might those be bad entries because of that or is it worth the risk here?

Thanks, bunne
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPY.GIF Size: 31 KB
Click to Enlarge Name: NZDCHF.GIF Size: 35 KB
Click to Enlarge Name: CADCHF.GIF Size: 35 KB
  • #74,176
  • Dec 26, 2016 7:34pm Dec 26, 2016 7:34pm
Quoting Nik-Nyc
{quote} Yes, absolutely. When reading the pdf and bigE posts/charts, make sure you understand that not every TDI cross is a high probability trade. Pay special attention to posts 261 & 647. After you have learned the basics of TMS you should ask yourself two questions: 1-Are the markets, and their inherent movements, the same as the markets BigE traded? 2-Do i want to trade like BigE? or Do i want to be a scalper, day trader, swing trader, or position trader? Learn the basics, then you can adapt TMS to suit your personal needs/goals/personality......
Many thanks, you have been very helpful!
  • #74,177
  • Dec 26, 2016 8:47pm Dec 26, 2016 8:47pm
# 1 in importance is PA
# 2 is the TDI for confirmation
# 3 APB for a clearer view of the trend

No offense intended

But I do not understand why lately some of you are trying to add so many crappy indicators to this simple method.

Cheers
  • #74,178
  • Dec 27, 2016 12:06am Dec 27, 2016 12:06am
Quoting Black
# 1 in importance is PA # 2 is the TDI for confirmation # 3 APB for a clearer view of the trend No offense intended But I do not understand why lately some of you are trying to add so many crappy indicators to this simple method. Cheers
BigE:
#307 - I don't worry about PA crossing the 5 ema. I totally depend on the TDI for my entry signals... Always entering when green crosses red and only on candle 1 or two depending what the TDI shows... otherwise I pass and look for another set up
#261 - The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good
Just a few of many posts.

When you have 26 chart's open, do you check first the PA action and then TDI cross. To do proper analysis of 29 chart will most probably take you an 1/2 hour.
#11 - My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens...
Much better.

TMS is like a human body. BigE made TDI the heart, PA, APB, Stoch, forex basic's is there to support the heart. Take one away, give less attention or more and the heart will suffer.

But I do not understand why lately some of you are trying to add so many crappy indicators to this simple method.
Been wondering about that question for about 70 000 post's.

post
what does "Ningen 0 keikaku" mean?
  • #74,179
  • Dec 27, 2016 12:16am Dec 27, 2016 12:16am
Quoting Nik-Nyc
{quote} Yes, absolutely. When reading the pdf and bigE posts/charts, make sure you understand that not every TDI cross is a high probability trade. Pay special attention to posts 261 & 647. After you have learned the basics of TMS you should ask yourself two questions: 1-Are the markets, and their inherent movements, the same as the markets BigE traded? 2-Do i want to trade like BigE? or Do i want to be a scalper, day trader, swing trader, or position trader? Learn the basics, then you can adapt TMS to suit your personal needs/goals/personality......
Add "TDI Cross.pdf" to the list of pdf's
  • #74,180
  • Dec 27, 2016 12:52am Dec 27, 2016 12:52am
Quoting Black
# 1 in importance is PA # 2 is the TDI for confirmation # 3 APB for a clearer view of the trend No offense intended But I do not understand why lately some of you are trying to add so many crappy indicators to this simple method. Cheers
Could not agree more. I also do not understand this. It was said before and before and still there seems to exist such a hunger for all these extra indicators which you realy do'nt need.
First comes knowledge about yourself, then comes a system...
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