Trading Made Simple | Page 4112 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Trading Made Simple

  • #82,221
  • Sep 29, 2017 6:02pm Sep 29, 2017 6:02pm
Quoting irishcraig09
{quote} Hi forexrocks As my understand goes and maybe Emmanuel7788 can correct me if I'm wrong the the HA candle needs to close above higher PAC line. Please see attached photo Cheers Craig {image}
I totally agree with you on that and i just realized my statement on candle breaking part could be confuing. Thanks for the clarification.
BTW. whay do you say about the USD/CAD next week after the last candle? thanks.
Always be humble, and Stay Vigilant
  • #82,222
  • Sep 30, 2017 12:51am Sep 30, 2017 12:51am
hi Guys,
I'm a developer and have just started trading few months back on fx markets...
I found this forum and saw this thread really trending with a simple system..
lol its 1:44AM in US right nw and I spent my full evening going through first 30pages... of this thread.

Thanks eelfranz... can't wait to see the system on charts and spend some time nxt week to run it on demo..

Just to save a bit of a pain for reading through nxt 3k pages.. can some PM me the last updated trading rules document that was trending here with all up to date indicators. please...

Thanks.
FP
  • #82,223
  • Sep 30, 2017 12:02pm Sep 30, 2017 12:02pm
Hello Emmanuel (and others),

Part of the frustration that new traders face is chasing pairs for good trade signals. Not only to make some profits, but even to learn to use a trading system successfully, any system. I'm sure all of you faced this before, resulting in missing trades, frustration, lack of focus, doubting the system, losing confidence and ending up with losses after losses (even if it's demo) and then giving up, not only the system, but trading all together.

I personally hate the idea of going through dozen or even half a dozen of pairs searching for a signal to trade all the time. I don't have the experience/knowledge to go selective. I wish I can focus on one or two pairs max (second one maybe as a backup if primary is not in shape to trade) and master them. I'm sure some of you do the same, I mean trade only few pairs if not only one or two. Can you share which pair and why and how should I select which pair I should focus on?

There might be certain conditions for this exercise, maybe time of trade (session, monthly/ quarterly news, etc...), timeframe, account size, and more. For example some recommend not trading NY session due to news that comes out during the session, others say don't care about news! Some say Asian session no liquidity, so don't trade, others trade only Asian, and so on...

Personally, I can trade almost all day (Frankfurt, London and NY) and some days (if I wakeup early) the last couple of hours of Tokyo. I prefer M15 and H1 TF only because my live account is going to be small, so 0.01 to 0.04 max. lot size, and I can't wait forever to learn the system by waiting days to see if I entered a good trade or not (this is one of the issues most if not all new traders face), maybe I'm wrong! I'm not saying that I want to make profits all the time, I'm saying I want good plan to master the system, master a pair or two, and do some profits while going. Not necessary live account, but even on demo to gain the confidence when going live and grow slowly , but on solid grounds.

So the question to you and all other pro's : which pair do you suggest I focus on to master TMS system and what pair, and why?

Say:
1) Best 2 pairs per sessions (Tokyo, London, NY), or all day long, and why?
2) Best 2 pairs per timeframe - Short TF (5, 15, 30, H1) and Long TF (H4, D1, W1), and why?

I understand that this is subjective and change from time to time, maybe the pro's can help with monthly/quarterly/annually recommendations? Maybe creating a matrix: experience, system, account size, lot size, pairs, session, timeframe, risk, etc...
  • #82,224
  • Sep 30, 2017 12:09pm Sep 30, 2017 12:09pm
Quoting devfp24
hi Guys, I'm a developer and have just started trading few months back on fx markets... I found this forum and saw this thread really trending with a simple system.. lol its 1:44AM in US right nw and I spent my full evening going through first 30pages... of this thread. Thanks eelfranz... can't wait to see the system on charts and spend some time nxt week to run it on demo.. Just to save a bit of a pain for reading through nxt 3k pages.. can some PM me the last updated trading rules document that was trending here with all up to date indicators....
I'm new here too. My advice is to follow @emmanuel7788 : https://www.forexfactory.com/emmanuel7788 . I downloaded all the documents he shared and spent the last few days reading them. They will answer a lot of your questions and get you started soon.

Good job Emmanuel!
  • #82,225
  • Sep 30, 2017 1:17pm Sep 30, 2017 1:17pm
So I did chart up the EU trades from 2017:08:08 - 16:00 hr till 2017:08:08:24 04:00 hr.
I came up with +67.4 pips from 13 trades.

Advice me If I'm doing anything wrong...
Note: White Line means the trade opens on the open of nxt candle on 4hr. Pink line means that trade closes on the open of nxt candle on 4hr.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB


Attached Image


Thanks
FP
  • #82,226
  • Edited Oct 1, 2017 3:36am Sep 30, 2017 3:04pm | Edited Oct 1, 2017 3:36am
I have just completed first 10 pages and am really getting a feel of this simple but awesome system.
I will have a long way to complete the rest of the pages and will also work on the demo simultaneously.
Thanks again for sharing the simple system.

Regards,
Basha.
  • #82,227
  • Edited 10:04pm Sep 30, 2017 9:29pm | Edited 10:04pm
Quoting devfp24
So I did chart up the EU trades from 2017:08:08 - 16:00 hr till 2017:08:08:24 04:00 hr. I came up with +67.4 pips from 13 trades. Advice me If I'm doing anything wrong... Note: White Line means the trade opens on the open of nxt candle on 4hr. Pink line means that trade closes on the open of nxt candle on 4hr. {image} {image} Thanks FP
Dev
Read only up to BigE's last replay. All the details of this method are detail in those first post. Post after BigE passed away, well just say it got derailed.
recommend you Download BigE full and TDI Cross (pdf - fishhook top right of this webpage)

The chart posted:
- Get rid of the Blue and Yellow line
- Short 5EMA and Stoch
Later when you understand the method 5EMA / Stoch / HA can be removed.

Here are is an indicator that show H- line's on/at cross over - the one on that chart posted is a little bit confused.
Enjoy
Attached File(s)
File Type: ex4 TMS MA lines.ex4   16 KB | 450 downloads


Quoting sabbah
Hello Emmanuel (and others).............
1) Best 2 pairs per sessions (Tokyo, London, NY), or all day long, and why?
2) Best 2 pairs per timeframe - Short TF (5, 15, 30, H1) and Long TF (H4, D1, W1), and why?
- Why not the pairs BigE used?
- Session's - That will depends on you and from where you trade. Go from Frankfurt open to two hours after New York open.
- Why not follow BigE's advice to stay away from the lower time frame's and trade on H1, H4 and D1.
Reason's:
Only one. BigE has put the hours +- 10 000 in so that you don't have to learn the hard way.
  • #82,228
  • Sep 30, 2017 10:26pm Sep 30, 2017 10:26pm
Quoting Tekkies
{quote} Dev Read only up to BigE's last replay. All the details of this method are detail in those first post. Post after BigE passed away, well just say it got derailed. recommend you Download BigE full and TDI Cross (pdf - fishhook top right of this webpage) The chart posted: - Get rid of the Blue and Yellow line - Short 5EMA and Stoch Later when you understand the method 5EMA / Stoch / HA can be removed. Here are is an indicator that show H- line's on/at cross over - the one on that chart posted is a little bit confused. Enjoy {file} {quote}...
Thanks Tekkies...
I have read the TDI Cross and now skimming over the BigE's full pdf...

Will practice on demo for a month and post charts...

FP
  • #82,229
  • Sep 30, 2017 10:56pm Sep 30, 2017 10:56pm
Quoting Tekkies
{quote} Dev Read only up to BigE's last replay. All the details of this method are detail in those first post. Post after BigE passed away, well just say it got derailed.{file}
IMHO it didn't get derailed Tekkies, Big E passed away. I feel you don't need to disrespect others, or their work, when you post.
Real knowledge is to know the extent of one's ignorance.
  • #82,230
  • Sep 30, 2017 11:25pm Sep 30, 2017 11:25pm
Quoting Tekkies
{quote}
- Why not the pairs BigE used?
- Session's - That will depends on you and from where you trade. Go from Frankfurt open to two hours after New York open.
- Why not follow BigE's advice to stay away from the lower time frame's and trade on H1, H4 and D1.
Reason's: Only one. BigE has put the hours +- 10 000 in so that you don't have to learn the hard way.
- Which are? Can you share the link to his post? Did he explain why? Are the market conditions still the same for these pairs as when they were recommended?
- That's fine. I can live with that.
- As I said, I demo small account, just the size of my real account. I don't think higher TF is good practice for that, don't you think so?
- All respect to Big E.

Thank you for the feedback.
  • #82,231
  • Oct 1, 2017 3:16am Oct 1, 2017 3:16am
Hi Sabbah

Big E spend many thousands of hours of trading time and then developed this system with H4 only in mind. Many traders found out later it also works on the Day chart as well. Here the TDI is king. If you do attempt to trade on the lower time frames using the TDI as your main signal, you will LOSE money and confident in this system unless you have years of experience. I believe you will achieve little and learn nothing if you trade in these time frames. There are no short cuts in becoming a profitable trader with this system, well not that I have found anyway. In today's current market conditions, single entry and exit trades should only be taken when the the best H4 and Day TDI crosses and PASR signals both align together. In other words, study more, trade less.
Trading thin liquidity at the boundary of the charts
  • #82,232
  • Oct 1, 2017 3:18am Oct 1, 2017 3:18am
Hi All Experts/ Emmanuel

Last week I took two trades only. (I'm manually trying to do multiple entries now at a distance of ATR/2)

EURGBP when it broke 15 Sep's candle
The trade is still running and at the moment in loss

NZDCAD. I longed this trade as in my opinion (which was wrong) the week and month were bullish
Then during the week I saw a call for short by experts, I quitted the trade at breakeven, can't justify myself to go short here as TDI green was under red and 50 but not under yellow.

Any sugestion/criticism is most welcome.


Here is my Big Picture Analysis for the coming week.

GBPAUD
Week and Month are clearly bullish.
I might take this trade straight on the market open

USDCAD
Month there are 2 pin bars
Week is bullish
I'll wait and see what it does at 1.25

AUDUSD
Month and week are bearish. In week the WCC break has happened.
I'll short the trade and might take the signal from H4. There is enogh empty space as well for price to go down.

Will stay away from
EURAUD, EURCAD, EURJPY, AUDNZD, NZDCAD
beacuse price is in the WCC

Regards
  • #82,233
  • Oct 1, 2017 4:42am Oct 1, 2017 4:42am
Quoting devfp24
So I did chart up the EU trades from 2017:08:08 - 16:00 hr till 2017:08:08:24 04:00 hr. I came up with +67.4 pips from 13 trades. Advice me If I'm doing anything wrong... Note: White Line means the trade opens on the open of nxt candle on 4hr. Pink line means that trade closes on the open of nxt candle on 4hr. {image} {image} Thanks FP
hi
this is over trading
too many trades picked and some of them without specific reason and no plan at all
why all those trades ?

look at the pair and its side ways movement the first days. almost all the trades are picked in the middle of this channel
  • #82,234
  • Oct 1, 2017 6:18am Oct 1, 2017 6:18am
Quoting sabbah
{quote} - Which are? Can you share the link to his post? Did he explain why? Are the market conditions still the same for these pairs as when they were recommended? - That's fine. I can live with that. - As I said, I demo small account, just the size of my real account. I don't think higher TF is good practice for that, don't you think so? - All respect to Big E. Thank you for the feedback.
Really?
You want member's to do your studying and homework. How far have you read into the old post's? Not far - not even as far as post#63
https://www.forexfactory.com/showthr...74#post4570374
Market conditions? Price go up. Price go down. Price did it back then and are still doing the same today.
As to timeframes - Find the timeframe you feel the most comfortable.
  • #82,235
  • Oct 1, 2017 7:01am Oct 1, 2017 7:01am
Quoting Tekkies
{quote} Really? You want member's to do your studying and homework. How far have you read into the old post's? Not far - not even as far as post#63 https://www.forexfactory.com/showthr...74#post4570374 Market conditions? Price go up. Price go down. Price did it back then and are still doing the same today. As to timeframes - Find the timeframe you feel the most comfortable.
Actually I've reached page 53, I must have missed that.... and no, I don't want members to do my homework, just asking for advice. Still don't understand why these pairs and not others , don't tell me because he did , if you don't know or think it is waste of time to explain, just ignore my question and pass. Maybe someone else will answer (maybe not). Thank you anyway!
  • #82,236
  • Oct 1, 2017 8:46am Oct 1, 2017 8:46am
Quoting sabbah
{quote} Actually I've reached page 53, I must have missed that.... and no, I don't want members to do my homework, just asking for advice. Still don't understand why these pairs and not others , don't tell me because he did , if you don't know or think it is waste of time to explain, just ignore my question and pass. Maybe someone else will answer (maybe not). Thank you anyway!
Hi sabbah
Those pair's.? Google have a lot to say about those pair's and all of them different.
"He did" comes to mind as the right answer.
Here are a few assumption why he recommended those pair's.
- BigE tested TMS with those pair's and found them match his particular trading style.
- Low spread
- Volatility? (Not so sure about this one)
- TMS is a trend following method and as such those pair's have some good trend's in them. (In hindsight easy to spot)
- Correlation between them are good.
- High liquidity
- Most trader's are using them as such popular.
The best you can do is to google (research) those pair's. Find out what is the spread, how much they move in a day. Are they prone to sudden change in the trend direction, how they react to red new's.
The first sentence in post#63 sum's up the problem you face.
"I'd say pick the charts you like to trade and understand their movements... breathing patterns..."
  • #82,237
  • Oct 1, 2017 9:43am Oct 1, 2017 9:43am
Trading using MEME can certainly be rewarding for you at times.

I was trading the range on the GBPCAD on Thursday night around Red news time hoping for some movement both ways. I trade the Day chart direction however follow my trades on the 1 hour chart. The news was Prime minster May speaks.

The trade was an earlier buy with a take profit of 70 pips. If the price dropped 70 pips then my EA would buy a second trade at a lot size 1.4 multiple higher than the first. After ME2 was taken, my EA just sets the take profit for 70 pips of the average price and takes the profit.

End result was after some good movement both ways, it closed me out with 150 pip profit. If I was trading with a single entry and single exit, I would still be in the trade but with around a 20 pip loss. It seems it is possible to make some good coin in both Trending and ranging markets if we alter out money management to suit.
Attached Image (click to enlarge)
Click to Enlarge Name: gcgcgcgcgc.png Size: 59 KB
Trading thin liquidity at the boundary of the charts
  • #82,238
  • Oct 1, 2017 9:57am Oct 1, 2017 9:57am
[quote=sabbah;10346117]{quote} Actually I've reached page 53, I must have missed that.... and no, I don't want members to do my homework,

sabbah,

Post 73,371 by ensale has 7 pdfs. I would suggest starting with the best of Big E 1 and 2 then the Basic.
Those three should get you started in grand style.

Best to you

Frank
  • #82,239
  • Oct 1, 2017 10:07am Oct 1, 2017 10:07am
A quick question ...
I'm still confused on when to exactly execute market order in real time...
If we take example shown on the chart -- Correct me If I'm wrong.
1. Candle#1: One cannot say its cross yet - correct.
2. Candle#2: One can say the Green line crossed but in real time that will be confirmed only after the close of that 4hr candle.
3. Candle#3: this is where I can execute the market order on open of that hr's candle. Correct?

Note: I'm pretty sure that I cannot take this trade and have to wait for the bounce.. as its the 3rd candle and as per E its better to trade Candle#1 and Candle#2. But with this example I just want to know where I will want to execute my order.

Thanks
FP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
  • #82,240
  • Oct 1, 2017 10:10am Oct 1, 2017 10:10am
[quote=Frank0;10346257]
Quoting sabbah
{quote} Actually I've reached page 53, I must have missed that.... and no, I don't want members to do my homework, sabbah, Post 73,371 by ensale has 7 pdfs. I would suggest starting with the best of Big E 1 and 2 then the Basic. Those three should get you started in grand style. Best to you Frank
Thank you Frank! I'm almost done with Best of Big E 1. Sure 'll read 2.

Quoting Tekkies
{quote} Hi sabbah Those pair's. ..."
Thank you Tekkies! This makes it a lot more clear now. Looking forward for market open to start applying what I learned from Big E style.
65 traders viewing now, 1 is registered:
shertiger