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Trading Made Simple the right way, and other trading lessons 231 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
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Trading Made Simple

Quoting hikaru259
{quote} Hi Tekkies, It' hard for me to show you a certain example but IMHO nowadays market has more stop hunts, more choppy periods, it's hard for any trend following system without deeper analysis, filters and a strict money/risk management. I mean it's harder for a retail trader to make money from trading. I don't say it can not but it's harder for sure. Thank you, Son Nguyen
She is just flapping her lips today.
She was not trading in those years between 2000 and 2015.
She only started trading forex in 2016.
She learn by using Google search but she did not even know what COWABUNGA is... LOL

Quoting Tekkies
Hi Emm COWABUNGA meaning?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting T4Trade
{quote} you are so true,i do 0.01 martingale trend following trading for slow and little gains everyday.

but we do not trade using martingale.
when we trade with MEME, we use basket of trades.
when we take a loss in a basket, we do not double the next trade basket but continue with the same risk % and do our position sizing for every trade/position.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
DE30 May 10 NYO He reversal candle

Follow big E' Post#261

https://www.forexfactory.com/showthr...16#post4575616

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<>
HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting T4Trade
{quote} you are so true,i do 0.01 martingale trend following trading for slow and little gains everyday.
Hi T4Trade,
Do you any EA for help you in money management. Martingale is good if you know how to control. But with me, it made me greedy and I will stay away from martingale. And it seems you are doing well .
I'm still learning how to tame my beast inside me. And I found MEME from Emmanuel's year 2010-posts, it's good for me to control my risk. I'm still reading and learning 12h everyday. I have not read all of posts on TMS thread yet because of noting and taking every "golden" information and forward testing. I'm also eating any posts with money management and mental psychology. I know this will work, just learn practice learn more practice more...
Stay on green, my friends.
Son Nguyen
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Quoting hikaru259
{quote} Hi T4Trade, Do you any EA for help you in money management. Martingale is good if you know how to control. But with me, it made me greedy and I will stay away from martingale. And it seems you are doing well . I'm still learning how to tame my beast inside me. And I found MEME from Emmanuel's year 2010-posts, it's good for me to control my risk. I'm still reading and learning 12h everyday. I have not read all of posts on TMS thread yet because of noting and taking every "golden" information and forward testing. I'm also eating...
money management is very important specially in martingale,i have burnt a lot of accounts but I learnt from my mistakes and getting better at entries,biases,lot multiplication and step distance.there are many money management or trade management EAs,breakeven,trolling etc,if u want I can give you,but these EAs are useful for manual trading and not martingale.
HI ALL IN TMS,

I always find great opportunities in the market whenever im in profit with this system which is abut 70% of the time.. because i only pick the best setups i usually move to profit lock or breakeven so i protect my capital.. sure i will have some loses as nothing is guaranteed with forex but its nothing compared to my winners. I set my SL at the previous H or L of the candle.

But i want to make the most of the move up or down does anyone have a good suggestion on 4hr chart? for trail-stop pip amount distance. Pullbacks can be a pain
Quoting akizama
HI ALL IN TMS, I always find great opportunities in the market whenever im in profit with this system which is abut 70% of the time.. because i only pick the best setups i usually move to profit lock or breakeven so i protect my capital.. sure i will have some loses as nothing is guaranteed with forex but its nothing compared to my winners. I set my SL at the previous H or L of the candle. But i want to make the most of the move up or down does anyone have a good suggestion on 4hr chart? for trail-stop pip amount distance. Pullbacks can be...

everyone wants the same,

<>want to make the most of the move up or down<>

but first read all about the confusion caused in this thread and have a better understanding of what Trading Made Simple 5-Method exit strategy is about.

picking the best setup is just of the many skills a TMS trader need to have. the other skill which many do not have is to identify the market type conditions to trade and how to maximize profits.

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Post#2617 is an answer when to break that TDI Exit rule:

it is a question of whether you are a conservative trader or an aggressive trader.

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And, the follow up question would be,
1) If you are a conservative trader, what is your Entry rule?

2) If you are an aggressive trader, what is your Entry rule?

Big E started as a conservative trader. He considered himself to be aggressive when he compared his entry to the Synergy model using the PAC. He then became more aggressive wit his entry using reversal candles APB#1 and APB#2. But with his aggressive entry, his exits were conservative most of the time.

When to be conservative and aggressive is our own discretionary decision. That is what he wrote in Post#261.

It is discretionary rule-based trading.

Do your weekend homework - read the thread, study every detail, learn from every post and write your own notes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} {image} DE30 May 10 H1 test of resistance {image} Well, it will be NY session soon, Big E only trade the first 3 hours of the NY session. study M5 chart too.... but follow H1 and H1 PA. {image}
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A picture is worth more than one thousand words.

in this case, 2 pictures....

1) price action, price action, price action,

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2) ... selling into support?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
DE30 Week 19 May 06 to 10 Trade Plan Will continue with buy like the previous weeks but with more caution next week. Look at H4 TMS chart template, the price action can swing around the 5EMA like last week and it only breakaway from the 5EMA on Friday. Weekly chart with APB/HA candles. Note the HA candle open next week will be very close the low of last week. This means something to the price action when we trade TMS 5-Method. I will open buy when market open and build my positions looking at 4-hour periods using M5. {image} H4 TMS chanrt template:...

DE30 Week 20 May 13 to 17 Trade Plan.

Last week's trade plan was to buy when NY Sunday open but the huge gap down did not provide that opportunity. But my Buy trade plan remained and I traded only buy and I closed all my positions on Friday before the London session. Simple rule is top close buys when the HA candle change colour and not wait for the TDI to hook back.

This week NY Open on Sunday May 12 again with a gap down but much smaller gap.

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now is WAITING .....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
DE30 Week 19 review

Last week, we saw H4 made a few smaller swings and ended Friday in choppy conditions.

This week, I will be looking of there is structure change then will jump into the market again.
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Last week's trades closed. In total 20 trades done on H4 with M5 entries/exits.
Note: The dominant trend was bullish and TMS Price Action was above its 5EMA, so the bias was to remain buy the dips.
Remember Post#261, the 5EMA shows the direction for TMS traders.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting eelfranz
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... 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. HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually...
The OP said this in his Post#261 above:
<>
... Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... The TDI is the heart of our method.
<>

Learn the differences between how DM uses his TDI and how the OP Big E used the TDI Red Green (post#25).
Use your own discretion when to use the conservative entry and when to use Big E aggressive entry.
If you missed the aggressive entry, do you still have the opportunity to enter the market with the conservative entry?
Our objective is the same, i.e. to make money in all market type conditions.

Learn the TDI, Big E posted many links to tutorial videos, watch them all and write your own notes and learn on your own.

https://www.forexfactory.com/showthr...60#post4438660

https://www.forexfactory.com/showthr...19#post4379119

https://www.forexfactory.com/showthr...91#post4134691

https://www.forexfactory.com/showthr...08#post4120408

https://www.forexfactory.com/showthr...91#post3909391

https://www.forexfactory.com/showthr...97#post3709497
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting hikaru259
Hi all, IMHO, we have a potential pair for swing H4: NZDCAD - Weekly: clear downtrend + double top + swing high formed and confirmed - Daily: break through support - H4: wait for pullback and find a Short entry on TDI cross. We have many rooms for price to run. Thank you, Son Nguyen {image} {image} {image} {image}

USDCAD Week 20 May 13 to 17

USDCAD is trading in a narrow range, the Week 17 High Low. Just be patient with this until we see a Weekly bar/candle close either above the Week 17 High 1.3522 or the Week 17 Low 1.3335. There are two gray zones where price can eventually move to and clear those gray zones. It may take days and weeks, we do not know how long and when.

This week, I position myself to sell, sell, sell... with TMS MEME Evolution. Worst case scenario - cut losses if the market presses higher above the Week 17 High.
Currently holding 2 open sell positions, with floating losses. initial SL is 200 pips above average entry price.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
It get's kind of boring to post day in day out the same chart's, same rule's for entry, basically the same words as-well.

Follow TDI.
1. M15 chart:
a. Move V-line to every TDI crossover.
V-Lines /Trend Lines: Only for visual aid, not required or needed to trade this method.
b. Check TDI green line for correct angle
- It is a visual representation of the old clock or watch: 12 o'clock, 1 o'clock, 2 o'clock, 3 o'clock, 4 o'clock, 5 o'clock and 6 o'clock
- It represent the strength of the momentum that caused TDI green to cross over red. The steeper the angle the stronger the momentum.
There are five stage that have the following criteria:
- Between 12 / 1 > Best signal to enter a buy trade. (Market will be very volatility or in a strong up trend.)
- Between 1 / 2 > Good signal to enter a buy trade. (Normal everyday market candles in a slow up trend.)
- Between 2 / 4 > Do not enter any trade. (Market in consolidation or ranging.)
- Between 4 / 5 > Good signals to enter a sell trade. (Normal everyday market candles in a slow down trend.)
- Between 5 / 6 > Best signals to enter a sell trade. (Market will be very volatility or in a strong down trend.)
c. Check that Stoch confirm direction.
Not part of TMS: Stoch will many times cross-over that will also indicate a change in trend direction
2. H1 chart:
a. Check TDI green line for correct angle. (Refer: M15 Chart: 1.b.).
- Do not wait for H1 TDI crossover.
- The closer the TDI is about to crossover the safer the trade will be. (Like the last 15min of the current bar.)
b. Check that Stoch confirm direction.
----------------
Trade has been taken with H1 TDI crossover set up. (First blue dot.)
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Keep it Simple
You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step.
This is truly trading made simple! ive found much success and pips and wish the same to you all.. Took a few trades as my morning session is NY.
Follow BIG E rules and you will profit like this or even more! Happy Pippin
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Dear Tekkies, it is always a pleasure to be able to see your operations and the inherent explanations, although that annoys you, nevertheless we learn a lot from your knowledge and thank you in advance.
1. When you do your analysis, do you share the screen between M15 and H1 simultaneously or do it separately? (to see in amplitude the graph).
2. To determine the trend, check the graph D1 or W1? In that case, for the analysis, divide the screen into 3? Obviously if you trade a pair it is very different to do it with several.
These questions I do to understand a little step by step the way to proceed in your daily operations.
Thank you again
Quoting juantrader
Dear Tekkies, it is always a pleasure to be able to see your operations and the inherent explanations, although that annoys you, nevertheless we learn a lot from your knowledge and thank you in advance. 1. When you do your analysis, do you share the screen between M15 and H1 simultaneously or do it separately? (to see in amplitude the graph). 2. To determine the trend, check the graph D1 or W1? In that case, for the analysis, divide the screen into 3? Obviously if you trade a pair it is very different to do it with several. These questions I do...
Don't thank me. BigE left us a method that has not changed since Post#1. Despite attempts by members to do so.
You should thank him.
------
Keep both M15 / H1 chart open. Have posted a indicator that can move both V-Lines on both chart's the same time.
- No, I don't analysis the charts between crossovers> Only when M15 TDI green cross red I will flip H1 from M1 up to D1.
Only two DE30 chart's open (screen?)
Later after doing this every day you won't be be needing the V / T lines. Later much later you will be able to drop some indicators from chart like I did with HA and 5EMA. (Maybe next year Stoch like snarlyjack did).
-----
- It is wise to try and trade with the long term trend : H4 / D1
- Sometimes M1/M5 wil tell you not to bother with the crossover because M1 could have crossed over already with a sharp angle and M5 just followed M1 moments ago.
------
- Try not to refresh the M15 chart.
TDI red green from Post#25 changes some crossovers that might confuse you. Flip the H1 chart as much as you want.
Keep it Simple
Quoting talhayousuf
You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step.
very good that you started reading from Post#1... continue reading and ..

<>
I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step.
<>

you will reach Post#261

Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...

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.

HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
DE30 May 13 London Session is close but the trade war goes on between US and China...

many more other opportunities this week cherry picking season again pick only the low hanging ones.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EURAUD Week 20 May 13 to 17 continue with buy as the price action is above the 5EMA and the HA candle size is good. Follow Post#261.

Weekly trend is UP .... hence in an established uptrend we buy the dips which we see in the lower timeframes.

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When to stop buying? Follow the OP posts - important posts are Post#261 and Post#647 and use some discretion.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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