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Monitor for 'Trading Made Simple' system 565 replies

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

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #77,121
  • Mar 14, 2017 2:14am Mar 14, 2017 2:14am
Quoting Tremulous
{quote} It surprisingly has happened. Search for it on YouTube and you will see a sad video of the sneak eating itself. Took a trade entering resistance. Had a drawdown of ~30 pips for a current gain of ~14 pips. Could have been much worse. I'm lacking the experience trading this system to keep my trades open long enough to have the substantial "barrel of pips". To the experienced traders out there, what have you found your average holding time to be? {image}
Tremulous.
Not an experienced trader trying to become one. So I will try and answer. He did not use stop loss or take profit. Advised that members place S/L at the HH or LL post#495
I am not using stop loss or take profit. Got burned many time's. (0.01 micro account live not much burn). I use trailer stop and when the trailer stop is activate I leave the trade alone. Few time's the trade when up to 9, 12 bar's on H4. Once it when't up to 21 bar's on H1.
My biggest problem is interfering with the trade. === I don't leave the trade alone === Close the trade when I get afraid only to see it goes in to a massive profit or adjust the trailer stop to close.
  • #77,122
  • Mar 14, 2017 2:16am Mar 14, 2017 2:16am
Quoting Experts123
eelfranz mean s\u candle i can not understand that candle..? anyone reply this comment........... {image}
Give the post number where eelfranz is useing those woord's Expert
  • #77,123
  • Mar 14, 2017 2:26am Mar 14, 2017 2:26am
Quote
Give the post number where eelfranz is useing those woord's Expert
this's




https://www.forexfactory.com/showthr...61#post4369761[quote][quote][quote]
maintain discipline
  • #77,124
  • Mar 14, 2017 2:27am Mar 14, 2017 2:27am
Quoting faatkumo
{quote} Hello Emmanuel curious to know if any of your trade planning has commenced a trade at this point. If I take a gander, probably not as pairs still seem ranging.

as usual, I have done my trade plan on the weekend.

have a few trade running and that A$5k account which I started to show member Uk1 if you have read this thread on regular basis you should be up to date with what is happening everyday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,125
  • Mar 14, 2017 2:34am Mar 14, 2017 2:34am
[quote=Experts123;9661591]{quote} this's https://www.forexfactory.com/showthr...61#post4369761[quote][quote]


good job Expert123.

your are reading the old thread where the 5-Method started and now become Trading Made Simple.

https://www.forexfactory.com/showthr...69#post9661569 lates post there in CHS.

I think its time for a new TMS thread and close this one.

Who agrees with me? give your thumbs up.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,126
  • Mar 14, 2017 2:39am Mar 14, 2017 2:39am
Quoting Uk1
{quote} Thanks for the info Emmanuel. Yes the setup is very clear. (more aggressive entry could have even been at the beginning of last week?). Yes knowing also the daily and weekly volatility. I studied the detail very closely of those SE/ME trades you posted from the trading work shop a week or so ago. I looked very closely at the price action and what you would have seen on the higher time frame(s) before entering those trades, and how they were entered / exited. That was a different way of trading to using position building, ME/ME, and I was...

Hi UK1 and others in this A$5k account trading,

here is a chart to show the latest entry.

other details reply via PM since I cannot post chart in PM .

regards,

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 11 MEME Weekly Mar 14 update.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,127
  • Mar 14, 2017 2:42am Mar 14, 2017 2:42am
[quote=emmanuel7788;9661643][quote=Experts123;9661591]{quote} this's https://www.forexfactory.com/showthr...61#post4369761[quote]
Quote
good job Expert123. your are reading the old thread where the 5-Method started and now become Trading Made Simple. https://www.forexfactory.com/showthr...69#post9661569 lates post there in CHS. I think its time for a new TMS thread and close this one. Who agrees with me? give your thumbs up.

absolutly agree with you
  • #77,128
  • Mar 14, 2017 2:46am Mar 14, 2017 2:46am
Quote
good job Expert123.

your are reading the old thread where the 5-Method started and now become Trading Made Simple.

https://www.forexfactory.com/showthr...69#post9661569 lates post there in CHS.

I think its time for a new TMS thread and close this one.

Who agrees with me? give your thumbs up
that's good
maintain discipline
  • #77,129
  • Mar 14, 2017 2:46am Mar 14, 2017 2:46am
[quote=emmanuel7788;9661643][quote=Experts123;9661591]{quote} this's https://www.forexfactory.com/showthr...61#post4369761[quote]
Quote
good job Expert123. your are reading the old thread where the 5-Method started and now become Trading Made Simple. https://www.forexfactory.com/showthr...69#post9661569 lates post there in CHS. I think its time for a new TMS thread and close this one. Who agrees with me? give your thumbs up.
Good idea.. If we can do it..
It's in fear when people show what they truly value.
  • #77,130
  • Mar 14, 2017 2:58am Mar 14, 2017 2:58am
Example of trade Entry and add-on position by Big E.

1) initial Entry is the setup candle with TDI cross

2) add-on when when PA stalls, TDI Green arches backwards and bounce off the Red.

https://www.forexfactory.com/showthr...18#post4516818

Attached Image (click to enlarge)
Click to Enlarge Name: TDI entry and add-on.png Size: 191 KB


Why he did not use the TDI flat, hook back for exit but waited for a bounce to add-on?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,131
  • Mar 14, 2017 3:05am Mar 14, 2017 3:05am
Have posted many times that this thread is Trading Made Simple by BigE. and not Trading Made Difficult by emmanual.
You have to ask yourself:
Do I want to use this method in the same way that BigE used it or do I want to understand this method to fine tune it to trade it the way I like to trade.
Post#285:
Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now.
Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything... don't complicate it.
Many traders on the old thread said once they quit trying to improve it or making it more complicated... their pip take exploded.

Use this method the way BigE used it then use the same indicators and rules that BigE used.
Dimi.A did that:
http://www.forexfactory.com/showthre...91#post8673591

Understand this method and fine tune it.
snarlyjack did that:
http://www.forexfactory.com/showthre...91#post8673591

This tread now contain's very little of what made Trading Made Simple so great.
There is nothing left of what BigE started in post #1.
How can you start to learn a method when one member's keep on posting or imposing his trading methodology?
How difficult is it to understand those word's "quit trying to improve it or making it more complicated"
  • #77,132
  • Mar 14, 2017 3:13am Mar 14, 2017 3:13am
Hi Emmanuel,

Quoting emmanuel7788;
I think its time for a new TMS thread
Yes, please! If it was a the only suggestion in your post you would have my thumb up.
It's high time to start a new thread.
Several new threads actually, like ME/ME TMS-based system, TMS based on standard Japanese candles, TMS with PA patterns, TMS with butterflies and other animals.

There were several threads opened because people traded "classic" TMS but on a different timeframe, which were way more on topic compared to some of the recent postings.

Quoting emmanuel7788;
and close this one.
Definitely Not!

Emmanuel, here is a quote from Big E post #1:
Quote
.If your not happy... please move on quietly. I'd do the same for you.

Will you do the same for Eelfranz?

Quote
Who agrees with me? give your thumbs up.

You have my thumb down. Is this how you respect the OP's memory?

Emmanuel, your post is really disruptive to this thread, because now instead of discussing TMS people will be discussing your suggestion. Unbelievable.
  • #77,133
  • Mar 14, 2017 3:21am Mar 14, 2017 3:21am
Here is an Introduction to Trading Made Simple Post 71,888

Here is a quick introduction to this Trading Made Simple thread:

Trading Made Simple for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110
Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,
After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011. Post#4432

In Post#1, he explained how he traded the H4 chart timeframe and he also trade the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

Best of Big E Parts 1 and 2 are in this post Post#76,986

The original indicators and template … Post#25

Recommendations:
Read all of Big E’ posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.

Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy HA candles and use that TDI Red Green version all these in Post#25.

Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

About the Trader Dynamic Index aka TDI:
It is an indicator using multiple moving average of the RSI data. The RSI is derived from the market real price hence the TDI is always lagging the Price Action. To have as good understaning of the TDI, read this book by John Hayden.
RSI: The Complete Guide Post#27,110 .

Warning: Do Not believe in anyone or website telling you that there is a leading TDI developed.
About lagging indicators:
There is nothing wrong in using a lagging indicator so long as you know how to read the price action and apply just a few simple PA rules and let the TDI confirms the PA when trading this 5-Method.
Read this thread on regular basis and keep up to date with the developments.

If you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CSH thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new ‘system’.

TMS 5-Method is the simplest trend trading method here in Forex Factory and it works in all timeframes because there is a trend in every timeframe and we trade the trend of the moment.
Read and study Big E's original posts and his training charts. Give yourself a chance to trade this method in 2017.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,134
  • Mar 14, 2017 3:23am Mar 14, 2017 3:23am
Quoting michael_k
Hi Emmanuel, {quote} Yes, please! If it was a the only suggestion in your post you would have my thumb up. It's high time to start a new thread. Several new threads actually, like ME/ME TMS-based system, TMS based on standard Japanese candles, TMS with PA patterns, TMS with butterflies and other animals. There were several threads opened because people traded "classic" TMS but on a different timeframe, which were way more on topic compared to some of the recent postings. {quote} Definitely Not! Emmanuel, here is a quote from Big E post #1: {quote}...

@Michael K

would you say the same for for Tekkies?

of are you just an emmanuel hater.

Shalom,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,135
  • Edited 4:34am Mar 14, 2017 3:28am | Edited 4:34am
Quote
good job Expert123. your are reading the old thread where the 5-Method started and now become Trading Made Simple. https://www.forexfactory.com/showthr...69#post9661569 lates post there in CHS. I think its time for a new TMS thread and close this one. Who agrees with me? give your thumbs up.
Been asking that for a long time now, by the way read this post from BigE:
https://www.forexfactory.com/showthr...03#post4589603

Edit: why close this thread. would it be because you can not managed it the way you want?
  • #77,136
  • Mar 14, 2017 3:30am Mar 14, 2017 3:30am
Quoting michael_k
Hi Emmanuel, Hope you don't mind me asking: {quote} How do you decide when to add? Would this add-on position be a violation of the entry rules, strictly speaking? There is no TDI cross on either timeframe. Do you go to lower timeframes when adding positions?

@Michael_K,

you want to know how to decide when to add?

read post#77,130 few post above this.

https://www.forexfactory.com/showthr...93#post9661693

if you can answer why he did not use the TDI for exit and later use TDI bounce for add-on, then you have learned well from Big E.

Good luck.

Shalom.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,137
  • Mar 14, 2017 3:41am Mar 14, 2017 3:41am
[quote=emmanuel7788;9661643][quote=Experts123;9661591]{quote} this's https://www.forexfactory.com/showthr...61#post4369761[quote]
Quote
good job Expert123. your are reading the old thread where the 5-Method started and now become Trading Made Simple. https://www.forexfactory.com/showthr...69#post9661569 lates post there in CHS. I think its time for a new TMS thread and close this one. Who agrees with me? give your thumbs up.


so far, 6 thumbs up to close this thread and start a new one....

be patient... now focus on your own trading and make money.

UK ' PM May will trigger the Brexit Article 50. She will trigger not read as she may trigger, just that her name is Theresa May. I am starting to like her same as I like Margaret Thatcher, the Iron Lady.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,138
  • Mar 14, 2017 3:46am Mar 14, 2017 3:46am
Today's trade

Attached Image (click to enlarge)
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  • #77,139
  • Mar 14, 2017 3:49am Mar 14, 2017 3:49am
Quoting inforserve
Today's trade {image}
good luck
  • #77,140
  • Mar 14, 2017 3:58am Mar 14, 2017 3:58am
Hi Emmanuel,

Quoting emmanuel7788
{quote} @Michael K would you say the same for for Tekkies?
If Tekkies was suggesting to close this tread and open a new one, then definitely yes. I would say the same for Tekkies, for you or for anyone else. If Tekkies or anyone else were changing the TMS making it a totally different system, then yes I would openly criticize them as well.

Quoting emmanuel7788
{quote}of are you just an emmanuel hater.
This is where you are wrong. I am not your hater, Emmanuel. I actually find some of your posts very interesting and valid. Unfortunately, there are also some of your posts that are clearly off-topic. You make impression of an experienced trader and I personally would love to read about ME/ME TMS in a dedicated thread. I strongly believe this thread should stay on topic even more so considering that its author is unable to control it anymore.

Quoting emmanuel7788
{quote}Shalom,
By the way, did you know that the original meaning of Shalom is "piece"? Piece to you Emmnauel.

I remember my first impression when I found this thread. There was almost a certain beauty in simple and clear rules. It takes a lot of thinking and effort to make something that seems simple and I really think we all should strive to keep this system as it was originally designed by its author.
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