This thread is for newbies who got involved in Trading made Simple and got distracted by some fancy terms, indicators, expert advisors, trading robots, trading systems, quick rich systems etc.
Original Thread (Trading Made Simple) - http://www.forexfactory.com/showthread.php?t=291622
TMS for 30 min (TMS for M30 charts) - http://www.forexfactory.com/showthread.php?t=526735
Very Important - I implement TMS(TDI) with pure PA (Japanese Candles) for my trading when I trade higher TF (H4 and Daily) but for H1 trading, I use APB, PAC or MA and TDI.
Very Very Important - Watch this video before you take your first TMS trade
https://www.youtube.com/watch?v=dvL-QJWE594
Disclaimer: This video is a split section from one of the Dean's TDI pro webinar and all the copyright to the content is owned by Dean Malone.
This video is only for informational purposes. I am not affiliated with Dean Malone and/or his website
I started learning TMS in early 2014 and in last 2 years what I have learnt from my back testing, forward testing, Demo trading and live trading is that Trading made Simple is very hard to master and hard to implement on Daily timeframe. So why Eric (The original poster) called it Trading made Simple when its not that easy to master...From my understanding the secret of TMS is Trader Dynamic Index (TDI) once you understand the TDI behaviour there is nothing that can stop you from being a consistent profitable trader.
Very Important - Few things before we proceed further:
1. If you don't know anything about Forex, Do yourself a favour and head over to Babypips.com
2. This is not a quick rich system and learning curve is huge
3. We will only be discussing H1, H4 and Daily Timeframe on this thread, If you wish to trade any lower TF there are other threads where you can share your charts
4. The required templates and indicators are attached below...Any other template and indicator is not allowed...You are welcome to test any indicator or EA you wish but please don't post it here. Even better PM the respective person.
5. Please respect your fellow poster and annotate your chart clearly when you post it here
6. English is not my first language so I'll let my charts do all the talking
My regular job starts in the middle of Asian Session and usually finishes at 2 hours into the NY session...That means it is very hard for me to trade London session. I'll try to answer to your questions as much as I can but you have to understand that it would be very hard for me to reply to every single PM on regular basis.
Very Important - Trade Charts to be used:
Asian Session Charts (Can use APB or Japanese Candles )
London Session Charts (Can use APB or Japanese Candles )
NY Session Charts (Can use APB or Japanese Candles )
Very Important - Indicators to be used
There will be lots and lots of chart sharing here so I request you to post your charts if you have questions (Click Zoom in tab once on your MT4 to make your chart big)
Useful terms:
TMS - Trading made simple
APB - Average price bar
PAC - Price action channel
PA - Japanese Candles
TDI - Traders Dynamic Index
MA - Moving Average
EMA - Exponential Moving Average
NSL- New Structure Low
NSH - New Structure High
LH - Lower High
HL - Higher Low
SL - Stop loss
TP - Take Profit
MBL- Market base line
VB - Volatility band
Rules of Entry and Exits with all the indicators and Templates in the following posts
Original Thread (Trading Made Simple) - http://www.forexfactory.com/showthread.php?t=291622
TMS for 30 min (TMS for M30 charts) - http://www.forexfactory.com/showthread.php?t=526735
Very Important - I implement TMS(TDI) with pure PA (Japanese Candles) for my trading when I trade higher TF (H4 and Daily) but for H1 trading, I use APB, PAC or MA and TDI.
Very Very Important - Watch this video before you take your first TMS trade
https://www.youtube.com/watch?v=dvL-QJWE594
Disclaimer: This video is a split section from one of the Dean's TDI pro webinar and all the copyright to the content is owned by Dean Malone.
This video is only for informational purposes. I am not affiliated with Dean Malone and/or his website
I started learning TMS in early 2014 and in last 2 years what I have learnt from my back testing, forward testing, Demo trading and live trading is that Trading made Simple is very hard to master and hard to implement on Daily timeframe. So why Eric (The original poster) called it Trading made Simple when its not that easy to master...From my understanding the secret of TMS is Trader Dynamic Index (TDI) once you understand the TDI behaviour there is nothing that can stop you from being a consistent profitable trader.
Very Important - Few things before we proceed further:
1. If you don't know anything about Forex, Do yourself a favour and head over to Babypips.com
2. This is not a quick rich system and learning curve is huge
3. We will only be discussing H1, H4 and Daily Timeframe on this thread, If you wish to trade any lower TF there are other threads where you can share your charts
4. The required templates and indicators are attached below...Any other template and indicator is not allowed...You are welcome to test any indicator or EA you wish but please don't post it here. Even better PM the respective person.
5. Please respect your fellow poster and annotate your chart clearly when you post it here
6. English is not my first language so I'll let my charts do all the talking
My regular job starts in the middle of Asian Session and usually finishes at 2 hours into the NY session...That means it is very hard for me to trade London session. I'll try to answer to your questions as much as I can but you have to understand that it would be very hard for me to reply to every single PM on regular basis.
Very Important - Trade Charts to be used:
Asian Session Charts (Can use APB or Japanese Candles )
London Session Charts (Can use APB or Japanese Candles )
NY Session Charts (Can use APB or Japanese Candles )
Very Important - Indicators to be used
There will be lots and lots of chart sharing here so I request you to post your charts if you have questions (Click Zoom in tab once on your MT4 to make your chart big)
Useful terms:
TMS - Trading made simple
APB - Average price bar
PAC - Price action channel
PA - Japanese Candles
TDI - Traders Dynamic Index
MA - Moving Average
EMA - Exponential Moving Average
NSL- New Structure Low
NSH - New Structure High
LH - Lower High
HL - Higher Low
SL - Stop loss
TP - Take Profit
MBL- Market base line
VB - Volatility band
Rules of Entry and Exits with all the indicators and Templates in the following posts