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Trading Made Simple

  • #84,181
  • Dec 12, 2017 6:46pm Dec 12, 2017 6:46pm
Quoting mousteven
{quote} === What is a WRB? We keep that simple as TMS 5-Method is a simple trading method but it is not an easy trading method as some member believe. Trading requires different set of skills and TMS 5-Method is no different. You need to have different skills to be a proficient TMS trader. A WRB is a price bar which has a wide range its high-low range must be the highest when compared to the past 3 to 5 bars. Not all WRBs will result in market consolidation for example when there is a breakout, a WRB can follow with another WRB. But WRB which occur...
mousteven #84,144

To succeed in trading with TMS 5-Method you need to have a lot of experience in price action trading and how to recognise the market conditions.
This is what Big E wrote in his post#647.
what to define as big candles, small candles,
how to see short term trend, long term trend,
how to see consolidation,
how to locate support and resistance, etc.
You need to develop your technical edge using Post#647.
Without a technical edge, most people will not likely to make it to the next level to become better traders.

Knowing a few price bars/candlestick patterns will help you identify the above and develop your edge.

Weekly Control Candle WCC is original strat's The PATH.
see strat's post #276 in his new thread.

WRB is well know from the study website which I previously provided the link in this thread. This is more for advance traders.

Differences between WCC and WRB
WCC is only seen in Weekly timeframe.
WRB can be seen in every timeframe from M1 to MN. But do not over do that, I only look at WRB in my trading timeframes - W1, D1, H4, H1 and M15.

WCC is not always a 'big' candle. WCC will control the trading range until there is clear breakout of that range. Most effective when trading the D1 chart.

WRB must always a big candle following the criteria that the WRB must the largest candle of the two previous candles.

Both the WCC and WRB are just two simple ways to look at the market conditions for us to pick our trades. Big E had been very clear with three things in his Post#647. .
1) Do Not trade CONSOLIDATION or when near CONSOLIDATION.
2) Avoid trading when near to support and resistance.
3) Know your short term and long term trends.

If you have a consistent approach to the above, you will most likely do well in trading like Big E did.

Other than WCC and WRB, there are a few other price bar patterns which I use. These are also big candle and small candles by BIG E definition.
BEOB/BUOB
BUEB/BUEB
DBHLC/DBLHC
IB/DIB
PB
MC[3].
Just these few which are most common and do not overwhelm yourself with more than these few. Keep It Simple.

Example charts below:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 13 WCC examples.png Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 50 H4 WRB WCC.png Size: 41 KB


Sorry for this late reply. Busy week with my own thread and also BitCoin is exploding making new high this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,182
  • Dec 12, 2017 6:53pm Dec 12, 2017 6:53pm
Quoting emmanuel7788
{quote} USDJPY Week 50 Dec 11 Will see if today close above that MN OHLC 113.61 {image} Below, look at PPA (Previous Price Action) and the BRN 114.00. Big E was right about using the HA candles. Those HA colour change make it easier to see where the PPA swing high / swing low. We need to confirm each swing with CONFLUENCE with other support and resistance commonly used and also the price MOMENTUM seen using the TDI. {image}

USDJPY Dec 13 update:

UJ struggles near the Low 113.61 of an old support and resistance zone.
Support and Resistance is not a single level price, it is a price zone or some prefer to call that an price area.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 50 H4 Dec 13 update.png Size: 42 KB


in the above chart, we see the Low of this week, but will there be a new Low later? we don't know.
I can tell you when Dec 15 Friday NY close, that will be my hindsight 20:20.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,183
  • Dec 12, 2017 7:04pm Dec 12, 2017 7:04pm
Quoting emmanuel7788
{quote} Weekly Control Candle WCC is original strat's The PATH.
We all know that Strat's thread is the latest of many threads that you surf around to try and cobble together a system, but Weekly Control Candles have NOTHING to do with Trading Made Simple by eefranz. Stop trying to muddy the waters and confuse (further) the people here...most of which are newbies.





Quoting emmanuel7788
Other than WCC and WRB, there are a few other price bar patterns which I use. These are also big candle and small candles by BIG E definition. BEOB/BUOB BUEB/BUEB DBHLC/DBLHC IB/DIB PB MC[3]. Just these few which are most common and do not overwhelm yourself with more than these few. Keep It Simple.
More Emmanuel BS that you are trying to land onto Big E. Big E did not use all these confusing things that you repeat ad nausium. The posts that Big E made here, in HIS own thread are what's relevant. Not your twisted interpretation of them with additional BS that you scavenge from surfing around other peoples threads and bring in here like you invented something.

If you want to add all this extra stuff to TMS, grow some balls and open your own thread with your own ideas and let it be a success for you.....and I truly hope that it is. Just follow the example of other people who have opened their own TMS threads as BIG E ASKED and show some damn respect. You are NOT BIG E.....this is NOT your thread and this is NOT your system to pollute.




Quoting emmanuel7788
Sorry for this late reply. Busy week with my own thread and also BitCoin is exploding making new high this week.

"Busy with your own thread??" You don't have your own thread, and you don't need to apologise to anyone for being late...this is not your thread and not your 'role' and not your 'job'. You have no more or less say in this thread than anyone else.

Go open your own thread.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #84,184
  • Dec 12, 2017 7:23pm Dec 12, 2017 7:23pm
Quoting deltaone
i understood that to some extend the critics just ask you, emmanuel, to open your own thread. thats easy - just do it. why not?

Hi d1,

in case you missed my posts on my CUG thread, it is in another forum but not here in Forex Factory.
FF does not allow CUG in their membership. If one day FF allow members to form CUG for group discussions, then I may consider to replicate my TMS Advance thread in FF.

Anyway, in the new TMS Advance thread, the traders in there are full time traders (30%) and the other 70% are working hard to become full time traders in 2 to 3 years. These 70% are committed to spend 3 to 5 hours everyday for the next 2 to 3 years.

If there are more people who have this same commitment to spend 3 to 5 hours daily, you can start show your commitment here in this TMS thread, I will read your posts here over the next 3 to 6 months and then I will PM you and send you an invitation to the new TMS Advance thread.

As for the few critics, I can live with them in this thread. If anyone want to stop learning, it is their choice and they will lose out to those who aspire to become full time traders one day.

To those of you who aspire to become full time traders one day, my simple advice is never stop learning new things and always keep an open mind to what you see, read, learn and make sure you understand all things.


Enjoy your trading day Folks,

https://www.forexfactory.com/showthr...3#post10145623
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,185
  • Dec 12, 2017 7:37pm Dec 12, 2017 7:37pm
What do newbies to TMS need to learn first?

many of you knew that I started in FF learning from other threads. One is the J16 thread and the other is PASR.

These 3 most important things you need to learn and master.
Look for the PASR pdf in this thread.
These will add knowledge to how you look at Big E's Post#647.

Attached Image (click to enlarge)
Click to Enlarge Name: ThePATH topics 3.png Size: 115 KB


You have your own choice. Either this above or go to https://www.babypips.com/learn/forex
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,186
  • Edited 8:52pm Dec 12, 2017 8:23pm | Edited 8:52pm
This from 1915 or 1916 listing two WRBs. You don't suppose Emmanuel Stole this
from me and not Strat. I had been using it for years which is probably as long as Emmanuel
has been using it at least.
https://www.forexfactory.com/attachm...3&d=1431984065
  • #84,187
  • Dec 12, 2017 8:51pm Dec 12, 2017 8:51pm
Quoting Frank0
This from 1915 or 1916 listing two WRBs. You don't suppose Emmanuel Stole this from me and not Strat. I had been using it for years which is probably as long as Emmanuel has been using it at least. {image} https://www.forexfactory.com/attachm...3&d=1431984065

go back to May 2014,

Warning - This is not for new traders. WRB Analysis is for experienced traders who are advance TMS traders who trade the higher timeframes swing and position trading using the H4 and D charts.

#37,069 link below

https://www.forexfactory.com/showthr...62#post7445362

there is a free pdf and you do not need to buy anything.

Combine these WRB with TMS, you will find many more A+++ trade setups which will make you money.

To those of you who are new traders, be patient. Learn and master the 5-Method first then you will gradually progress to more advance stuff. There is plenty to learn and to be better traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,188
  • Dec 12, 2017 9:25pm Dec 12, 2017 9:25pm
Quoting emmanuel7788
NZDUSD Week 50 Dec 11. With the low market liquidity in the coming weeks , I am not sure if Kiwi will move to 0.7100. But I will keep my eyes open for any trade opportunity if I am trading. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 50 Dec 11.png Size: 59 KB


NZDUSD Dec 13 Update:

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 50 Dec 13 Update Tokyo.png Size: 68 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,189
  • Dec 12, 2017 9:36pm Dec 12, 2017 9:36pm
WCC and WRB analysis for NZDUSD below.

naked trading without TDI and APB/HA

only after you have doen this analysis you can trade with your TMS charts with more confidence and you can pick the best setups.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD WCC and WRB analysis.png Size: 33 KB



Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD WCC WRB analysis in D1 chart.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,190
  • Dec 12, 2017 11:08pm Dec 12, 2017 11:08pm
Could someone please be kind enough to help make the TDI setting as defined by Big E on mt4 mobile. I have seen several ways throughout and can't decide on what is right?

Thank you
  • #84,191
  • Dec 13, 2017 1:10am Dec 13, 2017 1:10am
Quoting Frank0
This from 1915 or 1916 listing two WRBs. You don't suppose Emmanuel Stole this from me and not Strat. I had been using it for years which is probably as long as Emmanuel has been using it at least. https://www.forexfactory.com/attachm...3&d=1431984065

Every time some real trader come up with a own thread and good stuff like strat you will find it here too. Thats part of Emm`s scamming. Same happened with the whole thread in here cause the op cant kick him anymore.

Every cockroach is more pridefull and wear bigger balls.

The lie about his own thread comes up again and again. Another hit in the face of a dead OP.

In his own thread he could kick persons and everybody would be fine. But thats not his intention, his intention is spamming.
Newbies be warned of emmanuel7788. Hes not true.
  • #84,192
  • Dec 13, 2017 1:35am Dec 13, 2017 1:35am
Which TDI version do you use in your live trading?

You should know why you are losing money trading with TMS 5-Method.

Below example, EURUSD M15, trade taken by TMS trade manager.

The TDI Red Green in Post#25 is lagging the realtime version and it re-paints after many bars later and when the chart get refresh manually..
I just placed both versions in the same sub-window and I can see every bar by bar action.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 13 M15 trades TDI compare.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,193
  • Dec 13, 2017 2:24am Dec 13, 2017 2:24am
Quoting samsonwebdes
{quote} Hi Guido, Thanks for the comments. When you say look at the big picture I assume you mean see what the daily and weekly are up to as well as support & resistance. S/R and round numbers I'm always aware of as a matter of course. I had considered adding something like "is daily above/below the MA and it's an extra confirmation but I think if a trade get 7/7 of my points anyway it should get me a high strike rate and pips for my barrow. If it doesn't then the daily and weekly alignment will definitely help. Time will tell. ...

Good morning S.

Just a "above/below " any specific MA isn t saying anything.. if you "count" these informations to your factsheet, make sure you know basic reading of MA´s..
a 200 should be more flat to read.. a 10 ema pointing in trade direction.. 50 ema not too flat.. first touches.. constrainments.. and many more..
-- not part of this thread and so i won t discuss it here..
but finally just a "above/below" hast really nothing to say ansd you can skip it for this case ^^

stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #84,194
  • Edited 2:46am Dec 13, 2017 2:35am | Edited 2:46am
Looking at the recant few post about WCC and WRB is informative and emm is knowledgeable.
"Path of Learning" start with the words "You must .................. before you can participate in this forum"
a Few points mentioned in that notice is never used in TMS
- shooting stars, BEOB.........
- Round numbers
- power of 20 - where 5EMA is used
- dr Joe??? is from strats pasr
Nice and informative and it is not Trading Made Simple

Promoting (CUG ) is against FF User Guide - VII. No personal agendas / VIII. No commercial agendas

- BigE never used WCC or WRB in this trend
- When reading BigE's post you will notice that he kept his words and trading skills to the level that could be understood by traders that have been to babypips and back. He also recommend to visit babypips
- TMS is and was always open to every member / trader

TMS could be used on any time frame. BigE used H1 / H4 the most. So why go to D1 and W1
Attached Image (click to enlarge)
Click to Enlarge Name: usdnzd.PNG Size: 38 KB

Back to trading using BigE's TMS you will see that it is simple fast and effective
NZDUSD H4
When you have difficulty to find a trend walk away.
Notice that TDI and Stoch does not know which direction to go
Attached Image (click to enlarge)
Click to Enlarge Name: rtyyyy.PNG Size: 43 KB

NZDUSD H1
Getting better. You want to place an order? Will it be buy or sell? Again if you have to think which order it must be walk way.
TDI is wiggle his "toes". not a good sign
Price is right on top of 5EMA
Come back later, there might be a trade for a few pips.
Attached Image (click to enlarge)
Click to Enlarge Name: wert.PNG Size: 47 KB
  • #84,195
  • Dec 13, 2017 2:53am Dec 13, 2017 2:53am
Quoting emmanuel7788
{quote} mousteven #84,144 To succeed in trading with TMS 5-Method you need to have a lot of experience in price action trading and how to recognise the market conditions. This is what Big E wrote in his post#647. what to define as big candles, small candles, how to see short term trend, long term trend, how to see consolidation, how to locate support and resistance, etc. You need to develop your technical edge using Post#647. Without a technical edge, most people will not likely to make it to the next level to become better traders. Knowing a few...
Execellent post Big emm .your every post /analysis is like real jem ..How helpfull and selfless and tireless you are .thanks a lot from core of my Heart.I have request if it is possible please give some shed light on how can we hold trade long ?how can handle sadden spike/opposite move/retrace or pullback or you know it is reversal when you know that you are right path for example recent example eurnzd..gbp nzg please
Say something meaningful or Silence!!
  • #84,196
  • Edited 4:40am Dec 13, 2017 4:11am | Edited 4:40am
Quoting emmanuel7788
Which TDI version do you use in your live trading? You should know why you are losing money trading with TMS 5-Method. Below example, EURUSD M15, trade taken by TMS trade manager. The TDI Red Green in Post#25 is lagging the realtime version and it re-paints after many bars later and when the chart get refresh manually.. I just placed both versions in the same sub-window and I can see every bar by bar action. {image}

Hi Emmanuel,

Which version do you recommend for H4 trading? Could you post a link where I can read back some info on it, thanks in advance! See also my example below for more info.

bunne
  • #84,197
  • Dec 13, 2017 4:11am Dec 13, 2017 4:11am
Quoting realjumper
{quote} We all know that Strat's thread is the latest of many threads that you surf around to try and cobble together a system, but Weekly Control Candles have NOTHING to do with Trading Made Simple by eefranz. Stop trying to muddy the waters and confuse (further) the people here...most of which are newbies. {quote} More Emmanuel BS that you are trying to land onto Big E. Big E did not use all these confusing things that you repeat ad nausium. The posts that Big E made here, in HIS own thread are what's relevant. Not your twisted interpretation...
rj you are senior member please why you some people are pulling big emm's leg? he is intention to help and share knowledge and experience .he is not pointing gun to peoples head so if any one like it than take it or leave.do you think he is not helpful and selfless .?so why you are doing this ?is big emms post against forexfactory rules? i think great twee is watching and monitoring all this thing so don't be forexfactory authority ..imho..i respect and love you all ...
Say something meaningful or Silence!!
  • #84,198
  • Dec 13, 2017 4:23am Dec 13, 2017 4:23am
Hi guys, feel free to comment on my positions I just opened... pure bigE's method, not looked at D1 and W1 trend at some charts, I took some positions just for learning purposes on correct TMS entry and might sell these later today. Therefor a question for the repainting vs realtime TDI indicator, if TDI goes flat on realtime on an active bar, and the trade has not taken off yet... do you guys sell immediately? I just don't know which TDI to use when and where to act (active bar or should the bar be finished to make decisions on closing positions... take the USDJPY for example, I opened a selling position and now the TDI is bending up suddenly... wait or sell (I know its in consolidation and probably shouldnt have taken the trade, but any advice is welcome on above question)? Thanks!

Attached Image (click to enlarge)
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Click to Enlarge Name: USDJPY.PNG Size: 62 KB
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  • #84,199
  • Dec 13, 2017 4:43am Dec 13, 2017 4:43am
Quoting classy
{quote} rj you are senior member please why you some people are pulling big emm's leg? he is intention to help and share knowledge and experience .he is not pointing gun to peoples head so if any one like it than take it or leave.do you think he is not helpful and selfless .?so why you are doing this ?is big emms post against forexfactory rules? i think great twee is watching and monitoring all this thing so don't be forexfactory authority ..imho..i respect and love you all ...

Firstly, there is no "big emm." The only BIG person in this thread is Big E....owner of this thread and creator of this system. Show a bit of respect for the man who has given so much and has passed away.

Secondly, I and MANY others, for several years now, have been asking Emmanuel to honour the wishes of the late Big E and to not add outside indicators or anything to his system. Other people have started their own threads with their own versions of Trading Made Simple, and this is in accordance with Big E's wishes and instructions in this this thread of his. They are respecting what Big E asked everyone to do. Why is Emmanuel any different? Why can he not simply open his own thread, with his own interpretation of Trading Made Simple in accordance with Big E's wishes? Why does he insist on destroying Big E's work? Do you think that this is fair, just and honourable? I don't believe you do.

All he has to do is to follow Big E's express written wishes:

Post 8,296

EVERY BODY OUT OF THE POOL !

If you want to add indicators... keep it to yourself and please don't post it here. You know the rules... please trade it as layed out.

And.....Post 7,657.

I would appreciate it if you did not post those indicators on this thread. Please start your own thread if necessary.

And....Post 2,617

Forget other indicators. I went down those roads so you wouldn't have too...

There is a handful who trade it correctly here who are rewarded nicely...


I do not hate Emmanuel because I do not hate anyone. 'Hate' is a very powerful word which I do not use when referring to other people. I simply and so tired of asking Emmanuel to continue his interpretation of Trading Made Simple, with all his add on's etc in his own thread. It really is that simple. Big E, as you can see, wished for this. The man passed away and I do not, and will not let him trample on Big E's memory any more. All he has to do is click the link that opens a new thread, give it name, and he can do what he like there. But he cannot do it here. Big E asked all people in the thread to do this. Emmanuel is not exempt from this simple and humble request from Big E.

I'm sure you understand this, and I'm sure Twee does too. You could help the memory of Big E and help persuade Emmanuel to do the right thing. Will you?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #84,200
  • Dec 13, 2017 4:50am Dec 13, 2017 4:50am
Quoting realjumper
{quote} Firstly, there is no "big emm." The only BIG person in this thread is Big E....owner of this thread and creator of this system. Show a bit of respect for the man who has given so much and has passed away. Secondly, I and MANY others, for several years now, have been asking Emmanuel to honour the wishes of the late Big E and to not add outside indicators or anything to his system. Other people have started their own threads with their own versions of Trading Made Simple, and this is in accordance with Big E's wishes and instructions in this...
And I might add that he would have dominion over his own thread, and can ban anyone who disagrees with him.
If you are good at something, never do it for free--Joker
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