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

Monitor for 'Trading Made Simple' system 563 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

Attachments: Trading Made Simple
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Trading Made Simple

Today is April 26, many of us remember this day very well,


many more good years to come ...




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting eelfranz
Good Morning all you fabulous traders.... I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING. iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING. Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit. If I put all of my eggs in one basket... it was hit or miss.... I trade both ways with success...

Big E' Post#7555:

I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.

iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING.

Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit.

If I put all of my eggs in one basket... it was hit or miss....

I trade both ways with success..

<>

On Mondays, you'll have one only setup at the Start-Of-Day and make as many trades as you can afford.

Apr 25, just one setup 3 trades closed.

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Did not trade the NYSE M30 Opening setup which is the second setup of EVERYDAY.... 5 days a week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting ethranes
Hello, I first saw this thread around a year ago and found it useful, I want to try and start trading with it, but with the absolute size of the thread, it's hard to get up to speed, I was wondering if there was some consolidated guide on this system, or perhaps a document of all of eelfranz posts over the years. Looking at the newer posts compared to the old ones it seems that there may be changes from the original methods in 2011? I'm not sure. Hope someone can point me in the right direction. Thanks
As a new member coming to this thread, you have Three(3) Options.

----------------------------------------------------------------------------------------------------
New traders coming to this thread have Three(3) Options:

Option #1: Go to this post link, read and follow that post. The TMS history is all here.

https://www.forexfactory.com/thread/...2#post13954782

Option #2:
You don't have to read 6560 pages (131,183 posts)
Just two pdf files compiled by older members here will give you a good start.
download and read those two pdfs files.

simply click to download:

Best of Big E - Part 1

Best of Big E - Part 2


Option #3:
For those with more than 10 years of trading experience trading with indicators, this option may be better.

Click and read One, Two and Three and you are good to go.

TMS being the 5-Method is a technical trading methodology therefore you need to add your own Money Management and make it your own system. Your trading psychology is another subject matter not talked about much.

Big E was a rule-based discretionary trader. According to studies by Dr Van K Tharp this rule-based discretionary are the best traders,

Enjoy and Have fun during your learning journey..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
Today is April 26, many of us remember this day very well, many more good years to come ... {image}
thanks bigE had introduced this method, but i personally think, his system isn't complete, that's why many of us had failed so far. and Emmanuel complete the works which bigE was unfinish.

Short Audusd @.7175
Quoting sharemaster2
{quote} Hi Emmanuel, I love seeing your charts and the way you explain what you do and how you do it. It is indeed possible to be consistent. You watch the 4hr candle and open and close of those means you take your trade on the M15 based on how the H4 has done and then let the EA manage your trade. But following FO and LO ensure the move will likely be in the direction of the hour 4 for some 30 - 60 pips. The smaller and longer the preceding range the more the breakout too. Keep posting away those charts, a lot do not say much but are following...

Hi sharemaster2

This week I try to answer all the PM questions I got over the past few months with realtime live markets trades.

It is not easy to write down the entire thought process behind each and every trade. I had spend hundreds of hours reading and studying those Big E posts and his many training charts and a few real trade examples.
I focus my time on trading and pick the best setups according to what I had learned from Big E' posts and my posts focus on the use of THV CaveManager to manage the trades and the trade exits.
Different traders have different preferences for trade exit strategy.
Some prefer scaling out with single entry and multiple exits.
Some prefer one big entry lot and one exit only.

THV CaveManager has many features as options for the traders to choose from. You will read them in the pdf manual.
But to see how the features work will depends on you finding the best trade setups and opening the buy or sell order.

For a start, follow Big E' Post#1 and trade the 4hr Price Action and his trading hours which is 10PM and 2AM PDT and follow those 4hr candles. This is easy and simple enough. You can also trade his 6AM 4hr candle period right up to your local London market close time.
After London closed, the market liquidity is usually very thin for the USD majors and you can still scalp on M5, M15 for 10~20pips and into the next day Asian session, whichever you can handle mentally.

If you see there is potential for a market breakout and want to catch the range breakout, THV CaveManager has a good feature ... the Preceding TP.
When you have your TP set to say, 100pips and activate CM' Preceding TP set at say 30pips, CM will push your TP level for you when the market price reaches +70pips and move your TP to +130pips ... done in steps. At the same time, CM will move the Trailing Stop Loss TSL according to your other setting parameters.

Your job is to do your WTDA and find the best trade setups in realtime live markets. This is the tough part.

It is easy when you have more than 15 years trading experience in live market trading.



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} Hi Kin78, That is what I think about the power of BigE's Trading Made Simple in hitting high accuracy. EU went in reversal and changed from uptrend to downtrend. But before that price consolidated. Your entry along with the TDI cross entry before that, were at the range low of the consolidation. So even in consolidation the trades would be in profit (as yours in >15pips in profit) In #647, Rejection is a Price Action element. When price retests previous high/low but the rejection is weak, for example, loses momentum and goes sideway, unable...
This is caused by two things I realized when I was reviewing:

1) not zooming out far enough and just looking at what was happening with the TDI
> the is the risk of thinking simple is the same as easy. Still need to consider price action.

2) not trusting the 4H approach
> trying M30 as a means to get in to a trade instead of trusting the more reliable 4H

Take for instance the attached 4H chart for GU. Do you ignore the up cross in TDI and take a buy or do you wait for that to past then hop on to a down cross later on which would be more in line with the prevailing trend?
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FD
Quoting havenoidea
{quote} thanks bigE had introduced this method, but i personally think, his system isn't complete, that's why many of us had failed so far. and Emmanuel complete the works which bigE was unfinish. Short Audusd @.7175


it is still works in progress ....

" Short Audusd @.7175 "

Daily DBHLC


HA Apr 26

- today entry setup would be SYD_2H range breakout to kick-off today' day trading

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting kin78
{quote} This is caused by two things I realized when I was reviewing: 1) not zooming out far enough and just looking at what was happening with the TDI > the is the risk of thinking simple is the same as easy. Still need to consider price action. 2) not trusting the 4H approach > trying M30 as a means to get in to a trade instead of trusting the more reliable 4H Take for instance the attached 4H chart for GU. Do you ignore the up cross in TDI and take a buy or do you wait for that to past then hop on to a down cross later on which would be more...

Most traders will fail because they do not have a Big Picture of the market and do not know the Market Type conditions to trade and make money.

GBPUSD Week 17 Apr 25 ... to end of month

It is Trawling time until ....

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
There are many ways to skin a cat,

as many here try to interpret Big E' Post#647 and Price Action

you may want to consider,

one of the Three Powerful FOREX Price Patterns you can use with Post#647

Three Powerful FOREX Price Patterns click to > { download }


Learn and observe when these price patterns occur, the Stoch and TDI will show 'good' angle.

If you pick trade setups where both the Stoch and TDI' green RSI price line slopes are above 4.0, you have good trades.

How to spot a true REVERSAL?

.../ next
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting DrDave
{quote} Although BigE would make entries on UNCONFIRMED reversals, that is very risky, as you found out. On that H2 TF that you posted, look at the swing low bar, then the first bar after it: That bar is still RED, which does not show much CONVICTION at turning up. Then look how small the following blue bar is. Just those two bars alone shows this is not likely a strong up move building. So, when you add the fact that there is not confirmation of a trend change, I would not be buying based on the H2 TF. IF, after seeing that first closed red bar...

hey Fake'Dr'Dave

Follow this thread's OP Post#1 and check every 10PM and 2AM 4hours and look for the best setups.

No need to make trading more complicated than it already is for newbies. No need for your TDA with IMT H2 TF ... its all crap bullshit.

Your TDA wit IMT thread is a failed system and you suffered a mental breakdown when your thread failed to attract any followers.

Let look at Big E eelfranz profile and compare your profile:

Big E 696 subscribers

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Fake'Dr'Dave and his IMT academy ... 63 subscribers

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting sharemaster2
{quote} Dr Dave, Please do not call me a propagandist as I do not have any thing to gain from such. I was engaging with some one else and it may seem you have an issue with that. I suggest you leave me out of this toxic responses going on between you and Emmanuel, and will appreciate you address me with civil courtesy as I do not have the time and inclination to get involved with the shenanigans coming from you. I am entitled to express my civil opinions as I see fit as every one else. You do not have to agree with me, especially when the opinion...
Hi sharemaster2

Don't waste any time with this psycho Fake'Dr'Dave he another name @DrDick by other members.
He has one brain in his skull, but in that one brain resides may different voices talking to him. That is why he still thinks the market is speaking to him and he is still struggling with the language whcij one voice is speaking IMT as the language.

He was posting in Big E' thread since July 2011 and for more than 10 years he still have not learn Big E' 5-Method.
He jumps from thread to thread in Forex Factory looking for a holy grail system when he should have spent his time in develop his own winning system that fits his mental conditions. His first and last attempt with his TDA with IMT failed because he held on to losing trades for 40 weeks.
He did not know what Big E meant use stop loss previous high or low , or use 2 candles back.

After more than 10 years, he is still struggling with MT4 Expert Advisors and could not get a simple EA like TV CaveManager installed correctly.
Even when he get it THV CM installed, he wont be able to see how this EA will take profits for him, reason is simple, he still struggle with Big E' 5-Method after 10 years.

He is so pathetic wanting attention here and for a few members here to massage his fragile ego.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
AU Apr25 H1 Price Action

- I see a POP Gun ... a Inside Bar and follow with an Engulfing Outside Bar which is High-Low is higher than the Mother Bar' high and Low is lower than the Mother Bar' low

- and it is against the Daily price action and with BRN 0.7200 above

- no major calendar event this morning to move price

What do you see?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} Hi Kin78, That is what I think about the power of BigE's Trading Made Simple in hitting high accuracy. EU went in reversal and changed from uptrend to downtrend. But before that price consolidated. Your entry along with the TDI cross entry before that, were at the range low of the consolidation. So even in consolidation the trades would be in profit (as yours in >15pips in profit) In #647, Rejection is a Price Action element. When price retests previous high/low but the rejection is weak, for example, loses momentum and goes sideway, unable...
hey @tommydog aka @FakeTMSTrader and Teacher

there are many way how traders see Post#647 on this charts.

your way is how newbie trader with less than 2 years trading experience sees the market.

Big E with his 15 years experience and he consider Post#647 to be basic 4x trading stuff.

You need to spend more time reading his old thread and learn more from Big E posts and also some of the older traders during his time.

I just glance at your chart and I see the same Price Action basic forex stuff with my trained chartist eyes.


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Try harder! Never never give up. You trip and fall, get up and continue trying. It is a marathon not a sprint.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
AU Apr25 H1 Price Action - I see a POP Gun ... a Inside Bar and follow with an Engulfing Outside Bar which is High-Low is higher than the Mother Bar' high and Low is lower than the Mother Bar' low - and it is against the Daily price action and with BRN 0.7200 above - no major calendar event this morning to move price What do you see? {image}

AU Apr26 POP Gun

> just POP!

> sometimes when we least expected ... it POPs!

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>>> there will be other times ... once you learn what a POP Gun setup is.

>>> see old POP Gun trades
https://www.forexfactory.com/thread/...8#post13640718

Here is some reading material.
Pop Gun is on page 24 attached.


click and download pdf { download }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} AU Apr26 POP Gun > just POP! > sometimes when we least expected ... it POPs! {image} >>> there will be other times ... once you learn what a POP Gun setup is. >>> see old POP Gun trades https://www.forexfactory.com/thread/...8#post13640718 Here is some reading material. Pop Gun is on page 24 attached. click and download pdf { download }

POP Gun setup posts

you have 148 poststo read and learn

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} Same for GU #647 determine bias then enter TDI green cross red. {image} {image} Trading Made Simple...

hey @tommydog aka @FakeTMSTrader and Teacher

- more of your newbie limitations

- learn develop some more chartist skills to read price charts

- every price candle ... Japanese candlestick, HeikenAshi candle, ... they all have their stories to tell

- you just follow one candle at a time and understand the story as it develops

> go home talk to your 63 years old father a retired IT professional, he trades HSI for his retirement expenses, he can teach you more .

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
There are many ways to skin a cat, as many here try to interpret Big E' Post#647 and Price Action you may want to consider, one of the Three Powerful FOREX Price Patterns you can use with Post#647 Three Powerful FOREX Price Patterns click to > { download } Learn and observe when these price patterns occur, the Stoch and TDI will show 'good' angle. If you pick trade setups where both the Stoch and TDI' green RSI price line slopes are above 4.0, you...

UJ Apr25 H1 trade ... dynamic entry

- using one of the Three Powerful FOREX Price Patterns

- trade the Inside Bar setup with aggressive entry ... also know as the Dynamic Entry in TMS_V19

> CM trade management H1 chart

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting havenoidea
{quote} thanks bigE had introduced this method, but i personally think, his system isn't complete, that's why many of us had failed so far. and Emmanuel complete the works which bigE was unfinish. Short Audusd @.7175
Please show the readers how/where you think BigE's method is incomplete.
How did you determine Vincent completed BigE's works.
Quoting Tekkies
{quote} Please show the readers how/where you think BigE's method is incomplete. How did you determine Vincent completed BigE's works.

hey @Tekkies

U have no idea.

I can show you.... You did!

Your Post#76,129

 

  1. BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good.
  2. Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all.
  3. Members that have learned from BigE and emmanuel have moved on and left this forum. Most probable successful traders in own right. Those old members are replace by new members that do not know how to trade.
  4. Every couple of days / weeks the cycle repeat it self. So after many years the level of traders in this thread is still at the level of a new member.
  5. The subject / topic's that emmanuel is posting now is advance forex trading.
  6. How long did it take you to understand all the point's in post#647. I did not even looked at ME/ME for that level of trading is above me and the little I know.
  7. Do I enjoy those post fighting with emmanuel about keeping it BigE's way. No I do not.

  1. Anway, yes let us discuss #647 in a way the members new to this thread can understand


Quoting Tekkies
{quote} Hi marionetka BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good. Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all. Members that have learned from BigE and emmanuel have moved on and left this forum. Most probable successful traders in own right. Those old members are replace by new members that do not know how to trade. Every couple of days / weeks the cycle repeat it self. So after many years the level...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
There are many ways to skin a cat, as many here try to interpret Big E' Post#647 and Price Action you may want to consider, one of the Three Powerful FOREX Price Patterns you can use with Post#647 Three Powerful FOREX Price Patterns click to > { download } Learn and observe when these price patterns occur, the Stoch and TDI will show 'good' angle. If you pick trade setups where both the Stoch and TDI' green RSI price line slopes are above 4.0,...

AU Apr26 H1 sell dynamic entry

- same price action ... toppisch PA and Insdie Bar consolidation and reversal candle

- dynamic H1 entry before candle close

- the rest of the work handle by THV CaveManager

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