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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #86,541
  • Apr 13, 2018 7:48am Apr 13, 2018 7:48am
Quoting mokuro89
{quote} nice trades on AU and UC!
Hello,

your group doing well...

Its TMS MEME Evolution ... $50K to $400k in 18 to 36 months., anything can happen 2018 to 2020.

I am working very hard towards 2020 my retirement year-long cruise around the world.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,542
  • Apr 13, 2018 7:52am Apr 13, 2018 7:52am
Quoting mokuro89
{quote} Im also buy bias on AU {image} {image}


yes. that's good.

anything can happen in the market. we must be prepared and ready when things happen. follow the big money.

keep close tab on the COMMOD pairs - AUDUSD, USDCAD and NZDUSD and also their crosses AUDNZD, AUDCAD and NZDCAD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,543
  • Apr 13, 2018 8:06am Apr 13, 2018 8:06am
Quoting emmanuel7788
{quote} Hello, your group doing well... Its TMS MEME Evolution ... $50K to $400k in 18 to 36 months., anything can happen 2018 to 2020. I am working very hard towards 2020 my retirement year-long cruise around the world. {image}
TMS MEME Evolution? Could you explain? :/
Building a Freedom All Time Return: 5,178.8%
  • #86,544
  • Apr 13, 2018 10:28am Apr 13, 2018 10:28am
Quoting emmanuel7788
{quote} many different version of the TDI posted over the many years. that version is not the same one which the OP used in all his training charts. you need to forward test the TDI version in live market conditions and observe very closelyhow the TDI reacts to the market price. after you have done enough demo trades in live market conditions, then you decide if that is the version you would be using to trade live with real money. it will take time but you will learn on your own and not listen to anyone here who makes claims that they can trade...
can you explain how any of them give different results going live forward testing? i use the tdi mtf for example, but was under the impression it gave no different results compared to say the tdi red green.
  • #86,545
  • Apr 13, 2018 11:07am Apr 13, 2018 11:07am
Quoting emmanuel7788
{quote} Hello, your group doing well... Its TMS MEME Evolution ... $50K to $400k in 18 to 36 months., anything can happen 2018 to 2020. I am working very hard towards 2020 my retirement year-long cruise around the world. {image}
Please, but pay attention to the icebergs...,we need you back LOL!
I never lose - either I win or I learn...
  • #86,546
  • Apr 13, 2018 7:09pm Apr 13, 2018 7:09pm
Quoting J1mm
{quote} TMS MEME Evolution? Could you explain? :/

Do you recall this Big E 's post?
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Quoting eelfranz
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...
He tested on D1 chart timeframe, using TDI cross but he did not follow up and post his test results.
Some of us tested and developed D1 chart swing trading with multiple entries / multiple exits during the large price swings on D1 charts.
Multiple entries can be made in the lower timeframes - M5, M15 and H1. It depends on the traders and their trading hours. Many do this in the H1 after the D1 chart shows the TMS setups. Exits and re-entries are up to the individual trader's money management strategy. The final exit is when the Average Price Bar APB/HA candle closed with a change in phase, i.e. colour changed.

Go back and read my posts in 2017 on this topic.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,547
  • Edited 8:04pm Apr 13, 2018 7:30pm | Edited 8:04pm
Quoting sorostrustfu
{quote} can you explain how any of them give different results going live forward testing? i use the tdi mtf for example, but was under the impression it gave no different results compared to say the tdi red green.

let me ask you, which TF do you trade?

do you trade H4 the way Big E did as he mentioned in Post#6 Apr26,2011 below?

Entries and exits...

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy.

Important to study TDI entries on old charts, any time frame... Give yourself a chance and trade it like it's layed out...

or do you follow his last training chart in post 10,736, Aug 30,2011?

Attached Image (click to enlarge)
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https://www.forexfactory.com/showthr...55#post4911355

look at his entries and exits, did he follow Post#6 for trade exit?
why he did not exit some trades when the TDI went flat and hook backwards?

did he change his entry and exit rules after August 2011?

No two traders will trade the same way even when they use the same TDI indicator.

MTF TDI, I tried and tested them all. They don't refresh correctly in realtime market. And I prefer to see the true TDI in its own timeframe. That is why I use the pipware multi-charts for my study and analysis.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,548
  • Apr 13, 2018 7:38pm Apr 13, 2018 7:38pm
Quoting jdva
{quote} Please, but pay attention to the icebergs...,we need you back LOL!

LOL. I don't worry about the icebergs with modern day monster ships. I look forward to meeting with polar bears up close.

I see you started a new thread..
https://www.forexfactory.com/showthread.php?t=755030

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,549
  • Edited 5:55am Apr 14, 2018 4:59am | Edited 5:55am
Beware time thieves. Lots of posts, just in time for weekend readers. New traders:

1. Google and learn market structure
2. Read no more than the first 20 pages of this thread.
3. Read them again.

If you don't make money in demo, move on to a thread where live trades are shown consistently day after day.

You can always get more money, but you can't get more time. Less is more.

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Newsflash: This post will soon be followed by other posts saying nothing new and they will have big images of charts. There may be a few questions about those charts but nothing that hasn't been covered off in the first 20 pages or so. In the mix, there may also be a couple of links just to throw readers off this forum and onto another.
'in less than half an hour he made over 100 ticks'
  • #86,550
  • Apr 14, 2018 5:52am Apr 14, 2018 5:52am
Quoting emmanuel7788
{quote} let me ask you, which TF do you trade? do you trade H4 the way Big E did as he mentioned in Post#6 Apr26,2011 below? Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions......
thanks for the reply. im actually working with TDI in renko, so the specifics are quite different. could you post the version of TDI you feel is most effective?
  • #86,551
  • Apr 14, 2018 6:36am Apr 14, 2018 6:36am
Quoting sorostrustfu
{quote} thanks for the reply. im actually working with TDI in renko, so the specifics are quite different. could you post the version of TDI you feel is most effective?
Trading Made Simple is the 5-Method and it uses the Average Price Bar/HeikenAshi(modified).

If you want to use Renko charts, then I think it is better use the platform's RSI and add moving average to the RSI data, which is then known as Fozzy RSI.
download and read this book by John Hayden.
RSI: The Complete Guide

There are many Renko strategies here:
https://www.forexstrategiesresources...ex-strategies/

which uses MACD, CCI, RSI, etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,552
  • Apr 14, 2018 6:48am Apr 14, 2018 6:48am
Introduction to Trading Made Simple for new traders reading this 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 traded 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 need to 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 APB/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 understanding of the TDI, read this book by John Hayden. RSI: The Complete Guide .

Warning: Do Not believe in anyone or website telling you that there is a leading TDI developed. Also this thread has nothing to do with trading market structure etc. TMS 5-Method is trading the price swings seen using the APB/HA candles, the 5EMA and the TDI.

About lagging indicators:
There is nothing wrong in using technical indicators which are lagging 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 setup 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 CHS 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.

Trading TMS 5-Method is not hard but it requires hardwork on your part to make it work for you. I have done my hardwork over the past many years here in FF.

Read and study Big E's original posts and his training charts. Give yourself a chance to trade this method in 2018.

Good luck.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,553
  • Apr 14, 2018 7:11am Apr 14, 2018 7:11am
Quoting eelfranz
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. Snarlyjack - Good to hear from you old friend. We have stood back to back in battle more than a few times. May your trades be blessed buddy. Come visit more often. Big E
The OP final post before he went offline and passed away in 2012.

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Nothing new but the OP knew and until today many new members come to this thread and look for a system.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,554
  • Apr 14, 2018 7:23am Apr 14, 2018 7:23am
Holy Moly Emmanuel, I cannot thank you enough for this last posts...

Really thanks, I was super lost trying to find the information...
Building a Freedom All Time Return: 5,178.8%
  • #86,555
  • Edited 2:52pm Apr 14, 2018 2:05pm | Edited 2:52pm
Wow, as expected. Could we have some more pictures of boats and the idea that we can all retire. This thread has nothing to do with that either.

Understanding market structure has everything to do with trading, and helping new traders to become profitable simply. Incidentally trading made simple is the core topic of this thread.

Hands up anyone who thinks financial institutions don't know anything about market structure before pressing a buy or sell button?

Pensions, investments, funds. Seriously?

Whilst on the boat theme, would you proceed with no map/compass and with a crew who had no direction?

Rudderless. And when you've lost your way, the pirates will pick you off one by one.

Please, continue posting for the sake of it....
'in less than half an hour he made over 100 ticks'
  • #86,556
  • Apr 14, 2018 2:23pm Apr 14, 2018 2:23pm
Quoting onejester
Wow, as expected. Could we have some more pictures of boats and the idea that we can all retire. This thread has nothing to do with that either...
Jester give a break and have a heart.
It is the start of a new metode that going to be promoted pretty soon. Something along the lines of "Slow boat to Margin Call"

Try to figure out how some post in a span of hour's can contradict them-self so much
"the method is simple but it is not a winning system"
and
"not listen to anyone here who makes claims that they can trade and are making money from the market."
and
"Its TMS MEME Evolution ... $50K to $400k in 18 to 36 months., anything can happen 2018 to 2020"
and..................
and..................
  • #86,557
  • Apr 14, 2018 3:42pm Apr 14, 2018 3:42pm
I have a heart alright, it is an honest one. There is no such thing as a winning system, and if there was it wouldn't be found in post after post on the same subject. Adding no value whatsoever.

Aren't you just a little curios as to why someone would keep doing that?

I ain't arguing with you anyway, it is Saturday night so have a drink on me.
'in less than half an hour he made over 100 ticks'
  • #86,558
  • Edited Apr 15, 2018 12:13am Apr 14, 2018 11:42pm | Edited Apr 15, 2018 12:13am
Quoting onejester
I have a heart alright, it is an honest one. There is no such thing as a winning system, and if there was it wouldn't be found in post after post on the same subject. Adding no value whatsoever. Aren't you just a little curios as to why someone would keep doing that? I ain't arguing with you anyway, it is Saturday night so have a drink on me.
Over the last 3 years a picture took shape in mind. Sweat old fragile little man sitting behind his most priced possession banging away at the keyboard.

Like you posted Jester, how many times can you explain a method.

BabyPips explained Forex once, some questioned answered and that was it. It is you the newcomer that must have the dissipline to start at post one. The questions you have, have been asked many times and answered many times over.

Have empathy for the newcomer's. Member's like emmanuel, Gabelguy, Divergence and many other's who introduced or tried to introduce new better method's other then what BigE's have posted in post one have caused more harm and confusion.

When BigE posted those woord's: So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY it still was Trading Made Simple
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  • #86,559
  • Apr 14, 2018 11:59pm Apr 14, 2018 11:59pm
Hi Folks,

Trading Made Simple H1 and M15 timeframes:

When you want to trade H1, the TMS specialist is X-Man.

https://www.forexfactory.com/showthread.php?t=327972


and for those who want to trade TMS in the fast lane M15, there is LE1

https://www.forexfactory.com/showthread.php?t=345586
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,560
  • Apr 15, 2018 12:37am Apr 15, 2018 12:37am
New traders coming to this thread have three Options:

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

https://www.forexfactory.com/showthr...2#post10965032

Option #2:
You don't have to read 4328 pages (86k of posts)
Just two pdf files compiled by older members here will suffice.
Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

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

Click and read One, Two and Three

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.


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