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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

  • #79,241
  • Apr 25, 2017 5:37am Apr 25, 2017 5:37am
Quoting aimsttrader
{quote} You are supposed to focus on Noise Free System isn't it?
Im single bro im not married yet with any system
  • #79,242
  • Apr 25, 2017 5:41am Apr 25, 2017 5:41am
Potential Trade here on EUR GBP

Short - Early Cross of TDI setup on 4H
Is oversold on STO PA shows reversed Candle ready for reversal

Still learning, so any feedback welcome..

Cheers
Attached File(s)
File Type: pdf EURGBP25042017 TDI SIMPLE.pdf   47 KB | 462 downloads
  • #79,243
  • Edited 7:09am Apr 25, 2017 6:56am | Edited 7:09am
Quoting emmanuel7788
{quote} This old post by 2scoops is an important one. 2scoops was one of the pioneer members who was active with Big E in this thread. Then you go to his profile and read his update why he stopped trading as of Dec 2016. You can try, keep trying and trying and trying. But at some point, you will have to make that hard decision like he did. This spot forex trading is a very tough business to put your hard earned money into.
emmanual when you post the negative post the positive aswell
https://www.forexfactory.com/showthr...02#post6559702
Here is some motivation for ya'll...
My first big profits on "TMS" I went out & bought
a Harley Davidson. I would rather ride my motorcycle
than trade the markets but you gotta do what you gotta do.

The second picture is how I approach the markets...

Hope these pictures keep you all motivated!!!

snarlyjack
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1365824606

Quoting FxLapozi
{quote} I think what people failed to realise is that a system can only bring you this far and then everything else is decided by other fundamental factors like your trading mentality, discipline and money management. I have seen people joining and leaving trading system every now and then once they screw up their trades. I will put up a simple scenario : Let's say TMS has a win ratio of 50% and my system has a win ratio of 70% but if I trade recklessly, even if my system has a higher win ratio, I will still end up blowing my account. Having said...
https://www.forexfactory.com/showthr...74#post4579774
Guys.... My point is lets keep the thread clean... If you see a post for someone looking for something or a different way you trade it... no problem but please PM them alone... thanks...

Lets build this so we can help as many traders as possible because they all have money and time invested and they need to make money for their efforts.

Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep it simple. Buy your wheel barrow..

I never knownly take a draw back of 40-50 pips even on the 4hr. I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back. If it happens when I'M SLEEPING... SO WHAT ... I never know about it... S/L at last HH or LL. It turns out in my favor most of the time. I lose about 2 trades out of 14-16 trades. I can live with that. I choose my trades carefully making sure they meet the entry rules spot on... and pass on the iffy ones and go hunt other charts.

Even people trading Silver with our method are winning big time.

It's simple and straight forward so let's keep it that way please. I want you to win big time..
  • #79,244
  • Apr 25, 2017 7:32am Apr 25, 2017 7:32am
I pointed out that i em trading on daily bases by LUVENE rules i see them best because he keeps overbougt and oversold areas and price when riches these areas is destiated to revers to some point these sometimes is pullback sometimes trend change and you can easly detect these with days what works keep it up, what not discard it cheers
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  • #79,245
  • Apr 25, 2017 7:58am Apr 25, 2017 7:58am
Have a good day friends see you in days ahead
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  • #79,246
  • Apr 25, 2017 8:07am Apr 25, 2017 8:07am
Quoting ReverseFlash
Good day Fellow Traders. This is my first 'TMS' trade on Demo TE. If I'm making any mistake, please point it out, all the critics are welcome. According to member Tekkies TDI is the Holy Grail, so I think there's no way this trade can go wrong LOL. Good luck with your trades. {image}
It will become the Holy Grail - if and when you do apply the simple rule's. You have not.
That trade can go wrong and will go wrong. Reread BigE's post.
#115
https://www.forexfactory.com/showthr...52#post4572652
#276
https://www.forexfactory.com/showthr...13#post4575913
#2556
https://www.forexfactory.com/showthr...58#post4617658
#4746
https://www.forexfactory.com/showthr...99#post4666699

Attached Image (click to enlarge)
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  • #79,247
  • Apr 25, 2017 8:17am Apr 25, 2017 8:17am
here we go again..., keep it simple and it will be holy grail trading system... .LOL.

for those who have access to my FXBlue trading account, you will see how hard trading is and can be.

no matter what you do, no matter how simple you make it to be, no matter how hard you work at it, ... there is no holy grail, there will never be any holy grail.

goodnight folks.

talk again when Sydney opens tomorrow.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,248
  • Apr 25, 2017 8:19am Apr 25, 2017 8:19am
Quoting emmanuel7788
here we go again..., keep it simple and it will be holy grail trading system... .LOL. for those who have access to my FXBlue trading account, you will see how hard trading is and can be. no matter what you do, no matter how simple you make it to be, no matter how hard you work at it, ... there is no holy grail, there will never be any holy grail. goodnight folks. talk again when Sydney opens tomorrow.
It's in fear when people show what they truly value.
  • #79,249
  • Apr 25, 2017 8:23am Apr 25, 2017 8:23am
Quoting ReverseFlash
Good day Fellow Traders. This is my first 'TMS' trade on Demo TE. If I'm making any mistake, please point it out, all the critics are welcome. According to member Tekkies TDI is the Holy Grail, so I think there's no way this trade can go wrong LOL. Good luck with your trades. {image}

Beginner's luck.

My trade developed well, considering spread on G/N is 14 pips.


For the record, I'd have also shared this trade here even if it had turned negative.

Besides this was a foresight trade.

And anyone can see it on my Demo Trade Explorer

Up +114 pips

-----------------

I've seen people on this thread in the past posting only their profitable trades, showing pictures of how they make 50 pips everyday, claiming how good they are.

But their secret is only hindsight trading and maybe a bit of paint/photoshop LOL

----------------



I think Momentum on this pair is still bullish, I know some may say, I had to put it on BE and let it run.

But as I said, I'm trying to emulate eelfranz 1st post rules and he closed his trades the next morning I think.

So I did that; no matter if letting pips on the table.

----------

Good Luck
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  • #79,250
  • Apr 25, 2017 8:27am Apr 25, 2017 8:27am
Quoting Tekkies
{quote} It will become the Holy Grail - if and when you do apply the simple rule's. You have not. That trade can go wrong and will go wrong. Reread BigE's post. #115 https://www.forexfactory.com/showthr...52#post4572652 #276 https://www.forexfactory.com/showthr...13#post4575913 #2556 https://www.forexfactory.com/showthr...58#post4617658 #4746 https://www.forexfactory.com/showthr...99#post4666699 {image}

Tekkies, I think you have your own brain.

So instead of sharing those eelfranz links to me.

Please explain to me yourself, why according to you: I 'have not' applied the simple rules.


Besides why have you hidden your Micro Account Trade Explorer?

I really wonder why LOL.
  • #79,251
  • Apr 25, 2017 8:35am Apr 25, 2017 8:35am
Quoting luvene
{quote}Here they are? What do you mean man? You copied my rules for 100% which I told in this thread a few times and now you are telling these are my rules? I don't like that
  • #79,252
  • Apr 25, 2017 8:36am Apr 25, 2017 8:36am
Is the sweet spot of TDI between 40-60.
Tthe TDI Cross.pdf seems to imply this but this was not on Big E's first post - or did I miss it?

First day trading TMS but lost about 20 pips or so (TDI on AUDCAD Hooked)
  • #79,253
  • Apr 25, 2017 8:39am Apr 25, 2017 8:39am
Quoting ReverseFlash
{quote}
bahaha, seeing this almost make's me fall from chair.

By the way, spread of 14 pips?!? Yikes that's high.. How come?
It's in fear when people show what they truly value.
  • #79,254
  • Apr 25, 2017 8:51am Apr 25, 2017 8:51am
Quoting ensale
{quote} bahaha, seeing this almost make's me fall from chair. By the way, spread of 14 pips?!? Yikes that's high.. How come?
I think it is 1.4 pips
  • #79,255
  • Apr 25, 2017 8:55am Apr 25, 2017 8:55am
Quoting bistolis
{quote} I think it is 1.4 pips
I Don't think I have seen spread for GBP/NZD that low...
It's in fear when people show what they truly value.
  • #79,256
  • Apr 25, 2017 9:34am Apr 25, 2017 9:34am
Quoting ReverseFlash
{quote} Tekkies, I think you have your own brain. So instead of sharing those eelfranz links to me. Please explain to me yourself, why according to you: I 'have not' applied the simple rules. Besides why have you hidden your Micro Account Trade Explorer? I really wonder why LOL.
Why I use BigE's post is for I am also still learning. A Student does not know more then the Master.

Getting the impression that I have to justify myself for following BigE's TMS to you and other member's in this thread. I have closed Trade Explorer so what. Not going to convince member's that this method is profitable or not. Have found the method that work's for me and there are enough post's by other member's beside my post's that show this method work's.

Did you read the those post? Does not matter really.
Here are some:
- Am I in or close to a consolidation area
Trade placed in consolidation
- Look at the candles on the last reversal... big, little, what
- What are their size? If they are small I will usually go find another set up
Candle's are small.
- I always look to the left for a possible res/sup level being near
Trade placed at resistance.
- use a Stochastics (8,3,3) indicator
no stoch
- Wait for green to CROSS RED and open your trade at the beginning of the new candle...usually candle 1 or 2
Placed a trade on a bounce that might work
3 candle after the bounce
  • #79,257
  • Apr 25, 2017 9:37am Apr 25, 2017 9:37am
Quoting Tekkies
{quote} It will become the Holy Grail - if and when you do apply the simple rule's. You have not. That trade can go wrong and will go wrong. Reread BigE's post. #115 https://www.forexfactory.com/showthr...52#post4572652 #276 https://www.forexfactory.com/showthr...13#post4575913 #2556 https://www.forexfactory.com/showthr...58#post4617658 #4746 https://www.forexfactory.com/showthr...99#post4666699 {image}
Tekkies, I'm sorry because I missed your comments on my chart.

But it only made it worse.

I thought I was considered the clown here but you have really taken my spot LOL

How do you want to help newbies when you don't really understand eelfranz's rules?

As Michael point out this was as bounce setup, not a cross one.

So it doesn't matter if it's not candle 1 or 2 in this case.

Please don't misguide the people here by trying to find an excuse only to criticise my trade.

You try to follow so strictly the rules, that you forgot there are exceptions.


Quoting eelfranz
I can't believe there is still confusion here on What is candle 1 or two... If there was a reversal and it went 6 candles lets say... The first 2 candles are #1 & #2. If I don't get a signal to enter from the TDI on (candle 1 or 2... green crossing red).. I pass on the trade and find another.This is the rule. The only exception is if the green line bounces away from the red line I'd jump in because it's a bounce trade... Never enter when green is just touching red... why?... because it might bounce back...


Besides, price doesn't magically bounces off resistances, they can also be broken, specially when there's bullish momentum.

Good Luck.
  • #79,258
  • Apr 25, 2017 9:47am Apr 25, 2017 9:47am
Quoting emmanuel7788
{quote} You ignored the fact that both of these pairs have huge price gaps and the APB/HA candle conceals this. The TDI default setting uses the Close price and did not see the price gaps. This is the flaw in using technical indicators for trade signals.
Emmanuel.

I don't know if this is stupid, doesn't make sense or impossible since I'm not a coder.

But couldn't someone make that if current candle open is higher/lower than previous candle close by X pips, set TDI PL on that portion to none, this way TDI may reflect a gap?

Thanks.
  • #79,259
  • Apr 25, 2017 9:49am Apr 25, 2017 9:49am
Quoting bistolis
{quote} I think it is 1.4 pips
Nope.

GBP/NZD: 14 pips / Fourteen = Fixed Spread + Lame Broker.


Have a good day.
  • #79,260
  • Apr 25, 2017 9:52am Apr 25, 2017 9:52am
Quote
Nope.

GBP/NZD: 14 pips / Fourteen = Fixed Spread + Lame Broker.

That is an insane spread. Which broker?
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