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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

Quoting emmanuel7788
#4368 "Check your 4hr & 1hr charts when considering a trade your not sure of... what's building under that Daily chart? Take a peek.." do the same for every other timeframe you want to trade. for example, if you trade M15... take a peek at H1 for setup conditions

" On the TDI I enter when green crosses red after checking out the PA, hi/lo, Stoch and then make my decision.."



>>> reading Big E's posts is picking up pieces of a puzzle and putting them in the right place and order.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} #4278 {image}

interesting post chart in the old thread:

train you eyes ...zoom in on every chart you see ... and you will learn something,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} interesting post chart in the old thread: train you eyes ...zoom in on every chart you see ... and you will learn something, {image}

when I zoom in those post by @tommydog

I spotted may fake trades he marked on old chart to make them look like winning trades

examples:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} Good! Finally over 30 years of losing money in trading you start to show progress of overcoming your mental problems and learning BigE’s Trading Made Simple! BigE: EAs cannot see the market as we do do not rely on EAs {image}

hey @tommydog

the same narrative you post in this thread. Your mental conditions is consistent with that of an unhappy person suffering from bipolar disorder.

YES! the TDI is 0% accuracy when you do not know how to read PA and the time on the EA alert.

What did Big E said in his old thread about when to wait for the candle to close and when to take a trade during the PA of the active candle?

Go and read , study his old thread > here : https://www.forexfactory.com/thread/...hastics-method

remember to take notes when you read and study Big E' posts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting kin78
A skin deep review of why last trade failed. #1 reason, entered before LO (perhaps) {image} {quote}

hi kin78

Don't beat yourself up because of one losing trade.

It is a good practice to review own trades both wins and losses, and learn from winning and losing trades. I do this as my trade journal.

There is nothing wrong to trade during the Asian hours. It depends on your trading system whether you are scalping or day trading or swing trading.

I open positions during the Tokyo session too when I am swing trading the Daily / Weekly.

But if I am day trading, I would avoid EU and GU, and only trade AU, AJ and UJ during the Tokyo morning session.

However, you are trading on your M30 chart, did you consider the H1 or the H4 price action for setups? I recall reading Big E' old thread, he would look for H4 setups then drop to H1 to look for a possible trade entry.

I did a review of #tommydog GU M15 trade on Apr 14 and wrote a few lessons:

Lesson 1 > https://www.forexfactory.com/thread/...4#post13971504

Lesson 2 > https://www.forexfactory.com/thread/...6#post13971506

Lesson 3 > https://www.forexfactory.com/thread/...9#post13971509

A quick review of EU M30 Apr22 below:

> look at the H4, huge price drop
> then small H4 candles after London session closed
>>> no H4 setup on Apr22 Asian session
>>> the prior big green H4 candle is the master candle for trade opportunity, that is the H4 swing high!

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} Hello and welcome to the TMS thread. I would suggest you to learn and study all the posts by the thread OP, BigE (eelfranz) Quoting emmanuel7788 {quote} Big E is the big deal. {image} For this I totally agree with him. The way I practice TMS can be found in the following posts by BigE, No need to add any more craps like gambling EAs and indicators. 1. TDI is heart of the TMS 5-method --- #261,...

Hi Emmanuel,

In case you are in another episode, I have been trading BigE’s Trading Made Simple for over 1 year now.



======

The way I practice TMS can be found in the following posts by BigE, No need to add any more craps like gambling EAs and indicators.

1. TDI is heart of the TMS 5-method --- #261, #2617
All trades I share here are signaled by TDI green cross /bounce red

2. I work with time frames and time of day that suits me --- #644, #1170, #4470
I usually trade during work hour because of my privilege at my job which I have a lot of free time. Sometimes at night because it is London/NY market time when volatility is high. I like Lower Time Frame because I prefer quick-in-quick-out.

3. I use simple PA analysis that everyone can learn --- #276, #647
I prefer leading ones which I can anticipate TMS TDI cross/bounce setups to catch the swing in early stage like BigE demonstrated in his charts

4. Aligning with the discussion of this thread during BigE's time, entries are the main focus --- #495
If I have other aspect of trading to share, I would go to other related threads. I hope readers in this thread can receive concise and relative information in respective thread for efficient learning

5. I apply the correct use of TDI Green & Red lines --- #11
#11 has clearly shown that BigE refreshed his chart before viewing the chart. Traders who want to learn and practice the TMS should 1) refresh the chart before analysis, or 2) use a non-repainting TDI Green Red indicator. I chose the later.

6. Absolutely no EA --- #802
Two reasons: 1) To respect the thread rule. 2) If you need to rely on EAs to help you become profitable, i) Your trading skill is so-so at this stage, and ii) you will never learn the discretionary analysis that can further improve your trading skills

7. Most importantly, I participate the forum with respect --- #486


Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
Quoting emmanuel7788
{quote} S&P 500 Apr 21 'falling knife' - living in the GMT+10 time zone has its benefits too > i.e. waking up early to trade the US afternoon session and caught the 'falling knife' > how do you trade 'falling knife'? > TDI is 0% accuracy {image} {image}

US Markets Friday Apr22

- 'falling knife' trading huge volatility

- it was a very good trading day following the Thursday' sell-off

- I know many of you who follow Ninjatrader Jim Cagnina daily live trading and training have made money

> trading CFDs and using E-Mini Future data analsys is BLENDING

>>> blending is how Big E developed his trading methods , see old thread.

I got 5 trades done yesterday.... all winners.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} {image}{image}

> follow member Plamendp

>> learn the PA and BOUNCE

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} {image}{image}
enough of textbook stuff... Big E shown us lots of training charts already

still no real time market charts ....

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} US Markets Friday Apr22 - 'falling knife' trading huge volatility - it was a very good trading day following the Thursday' sell-off - I know many of you who follow Ninjatrader Jim Cagnina daily live trading and training have made money > trading CFDs and using E-Mini Future data analsys is BLENDING >>> blending is how Big E developed his trading methods , see old thread. I got 5 trades done yesterday.... all winners. {image}

S&P 500 Friday NYSE M30 opening range

> it was an easy day

> when PA breaks the M30 high-low and dropped,

>>> you apply Big E's 5-Method template, you will see how he would trade his 5-Method

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} S&P 500 Friday NYSE M30 opening range > it was an easy day > when PA breaks the M30 high-low and dropped, >>> you apply Big E's 5-Method template, you will see how he would trade his 5-Method {image}

S&P 500 Big E 5-Method chart

- easy looking , right?

- follow HA candle PA and 5EMA as direction (Post#261)

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} Hi Emmanuel, In case you are in another episode, I have been trading BigE’s Trading Made Simple for over 1 year now. ====== ... !

hey @tommydog

You are not sure "...In case you are ...".
Yes, I am in another winning week closed yesterday and also closed 15-trading days of my 20TDC.

People reading your posts and they all can see you are in your daily mental meltdown.

You have been trading over 1 year, that's good. You have another 14 years to catch up with Big E' 15 years.

I have been trading Synergy at the same time Big E joined CompassFX in 2005.
I have been trading Big E' 5-Method for more than 10 years since 2008.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} I do know who has 0% accuracy in trading It is 150pips in drawdown now. {image} {image}{image}

hey @tommydog

- how did you trade EJ H4 this Week?

- how on earth you suffer that 150pips drawdown?

- better check your IG broker price charts again.

EURJPY Weekly made a new high 140.01 and pulled back to 138.811, how many pips is that?

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- Next, check your broker' Frankfurt Open price and range,

- the trade setup entry price was 139.57 at FO 1hr 0:55 trigger

- how many pips did your broker's price move up and pulled back?

- you do not know 5min MOMO trades.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} hey @tommydog - how did you trade EJ H4 this Week? - how on earth you suffer that 150pips drawdown? - better check your IG broker price charts again. EURJPY Weekly made a new high 140.01 and pulled back to 138.811, how many pips is that? {image} - Next, check your broker' Frankfurt Open price and range, - the trade setup entry price was 1389.57 at FO 1hr 0:55 trigger - how many pips did your broker's price move up and pulled back? - you do not know 5min MOMO trades. {image}

No I didn’t trade EJ. It was you. Are you in another episode of schizophrenia?

Go outdoor and enjoy the weekend. Off for freediving now. Sharp island coral reef

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Quoting tommydoginti
{quote} No I didn’t trade EJ. It was you. Are you in another episode of schizophrenia? Go outdoor and enjoy the weekend. Off for freediving now. Sharp island coral reef {image}{image}

okie. @tommydog

so you are still paper trading and lost 90pips.

that's okay.

next time when you paper trade, remember Big E' Post#557 and when price pulls back, you exit and keep the pips what the market gave you.

this way you don't lose 90pips.

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Good that you leave your small 'coffin' public flat in ShaTin and stay outdoor more often. Living in confined space do cause you mental issues.

Enjoy the freedive. Please post a picture of your in your dive suit and gear. Post some under water photos too.

Next time you come to Sydney I can introduce you to a local divemaster and bring you to some good dive spots. We have a dive submarine for small groups. Great fun for your kids too. How many kids do you have?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting DrDave
{quote} focus on those that have been here the longest as they have more experience than the newer traders LOL. No. Being here a long time doesn't automatically mean that the person has any WORTHWILE RESULTS to offer from his experience! In addition, someone that is here a short time can be very bright and adept and trade circles around an "experienced old timer"
"experienced old timer" >>> Hello Tekkies
Quoting Tekkies
{quote} "experienced old timer" >>> Hello Tekkies

hey @Tekkies

I would consider you a old timer too.

But I know Big E Post #7084:

To All -

2scoops is one of the oldest traders for our method. He understands more than most. He works hard to help you all and deserves your respect. When he posts... pay attention. He will help you become successful. I consider him AAA+++. Thank you 2scoops.

Quoting eelfranz
To All - 2scoops is one of the oldest traders for our method. He understands more than most. He works hard to help you all and deserves your respect. When he posts... pay attention. He will help you become successful. I consider him AAA+++. Thank you 2scoops.

But then I look up 2scoops and found in his profile he had given up TMS in 2016, the year you started posting in this thread.

Maybe, you replaced 2scoops and be the new AAA+++

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
PM Q&A

- I have a few PMs asking about THV CaveManager and setting for H1 day trading.

> first please download the EA and Manual

Trading Made Simple Expert Advisor EA for Trade Management

THV CaveManager Trade Management EA.

Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455

Both the EA and pdf description are in Post#30,032

User guide by FF member Lookleft Post# 58,004

I will post the setting for different exit strategies later and also when I see trade opportunities next week I will show realtime live trades examples.

Stay Tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} S&P 500 Friday NYSE M30 opening range > it was an easy day > when PA breaks the M30 high-low and dropped, >>> you apply Big E's 5-Method template, you will see how he would trade his 5-Method
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{image}

Friday was the best trading day this month.

Took 2 trades during the US session M30 breakout and closed with very good profits for the day.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
PM Q&A - I have a few PMs asking about THV CaveManager and setting for H1 day trading. > first please download the EA and Manual Trading Made Simple Expert Advisor EA for Trade Management THV CaveManager Trade Management EA. Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455 Both the EA and pdf description are in Post#30,032 User guide by FF...

PM Q&A

this PM is one example what a member asked:

Please, I need help using the Cave Manager EA.
I would like to open a position using 20 pips SL, then when in 20 pips profit, close half, and break even on the remaining one which I will let run to a target like 50 pips for example.

see these settings:
I set the TP = 100pips and SL=50 pips, and use CandlestickTrailingStop.CSTSL
Exit is 50% of the positions at +20pips
Remaining will trail using CSTSL
You must check the ATR(10) H1 of the pair you trade.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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