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Monitor for 'Trading Made Simple' system 565 replies

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

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MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #86,601
  • Apr 17, 2018 4:58am Apr 17, 2018 4:58am
Quoting J1mm
Haha, yes OneJester I will start contributing in this post with my entries, I will wait until they are closed Thanks a lot for your time guys, really appreciate
Nice one, I think if more do the same the thread will be less one sided and learning will come from what not to do. Rather than what should be done.
'in less than half an hour he made over 100 ticks'
  • #86,602
  • Edited 6:53am Apr 17, 2018 6:00am | Edited 6:53am
Quoting J1mm
I guess this is a stupid question... (We all would be rich if we could know...) But is there anything we can do to filter the "False Breaks"? Sometimes I do everything like described in the Strat, check for Trend, near S&R, and then wait for candle to break the 5-MA, TDI clear cross just to find out that what I'm trading is a small pullback and price goes against me. Kind Regards, Jimm
Yes.
Take the "wait" and 5EMA out of your metode

Why "wait"?
Why do I suggest entering at the BEGINNING OF CANDLE 1 OR 2 INSTEAD OF THE END. Go
back and look at any 1hr or 4hr chart. HOW MANY CANDLES AVERAGE PER REVERSAL?
The sooner you get in the higher your odds.... sure you will have a few losses here and there. So
what....
or
My main point is if you can catch it at the beginning of the candle then you have more momentum
or
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...

Why 5EMA?
At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it
was the set up candle. I would enter the trade at the beginning of the next candle if it was the
same color.... and that still works... this is more conservative...
I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to
using the TDI candle #1 or 2 for entries.
I left it on my chart because I like to see how PA interacts with the 5ema line during the trade.
Gives me a better feel for what's going on... that's mainly the reason...

J1mm, you say you know the rules. The question's you ask show otherwise.

If I may give advise. The only way how you going to succeed with the BigE's method is to really study all of BigE's post.
Here is how I did it. Post 84,888 Post 84,947 Post 78,030 (use them, lose them, your chose)
Can you say you did the same to every post of BigE?

I mean study them like in those three example's, not "Reading them", "skipping over some of them", "I know that already" for it does not cut mustard.
Get a simple expert adviser that you can use in back testing that can place order's (FX Blue has a good one)
Practise on a live account with money you can not afford to lose.
Meaning: Open a micro account where your money is something like $1 = ZAR R12. Trade with 0.01 size. The "can not afford to lose" will force you to make sure that, that order you are about to submit compile with post#647 and S/R.

It is hard work and nothing in this live is for free.

edit: Left out leverage. Use a low leverage like 1:100
  • #86,603
  • Apr 17, 2018 6:03am Apr 17, 2018 6:03am
Quoting Tekkies
{quote} Yes. Take the "wait" and 5EMA out of your metode Why "wait"? Why do I suggest entering at the BEGINNING OF CANDLE 1 OR 2 INSTEAD OF THE END. Go back and look at any 1hr or 4hr chart. HOW MANY CANDLES AVERAGE PER REVERSAL? The sooner you get in the higher your odds.... sure you will have a few losses here and there. So what.... or My main point is if you can catch it at the beginning of the candle then you have more momentum or 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...
Best advise I could get and I will take it word by word, thanks Tekkies.
Building a Freedom All Time Return: 5,178.8%
  • #86,604
  • Apr 17, 2018 12:09pm Apr 17, 2018 12:09pm
UJ Weekly... observing the Price Line & Signal Line about to meet the Market Base Line.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJ.jpg Size: 366 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #86,605
  • Apr 17, 2018 3:32pm Apr 17, 2018 3:32pm
Hello!

Well Tekkies I told you I knew the rules, and obviously I didn't JESUS, after reading all your material and also I started reading the PDFs with Big E posts... I found out I knew nothing...

I'm still trying to gain some confidence with the system...

An AUDCAD Trade I took

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB


Following the trend, saw signs of exhaustion by looking the wicks bouncing on EMAs (Just there for trend direction)

Decided to give it a try, I still need to practice the exits, I'm always thinking price is going to reverse! XD
Building a Freedom All Time Return: 5,178.8%
  • #86,606
  • Apr 17, 2018 5:37pm Apr 17, 2018 5:37pm
Quoting J1mm
Hello! Well Tekkies I told you I knew the rules, and obviously I didn't .......after reading all your material and also I started reading the PDFs with Big E posts... I found out I knew nothing... I'm still trying to gain some confidence with the system... An AUDCAD Trade I took {image} Following the trend, saw signs of exhaustion by looking the wicks bouncing on EMAs (Just there for trend direction) Decided to give it a try, I still need to practice the exits, I'm always thinking price is going to reverse! XD
Looking at the chart posted:
- Angle below 4 almost 4:30
Always start with the angel of green. If you wonder if the angle is above or below 2 / 4 don't even bother to find reason to place an order. Walk away.
#643: If the green line looks like it's at a 2-4 angle... it's weak. Pass on it.

- Entry on bar two (one bar late)
Could have placed a second order on bounce
- TDI flat twice
To counter exit on green flat, hook over, check mark - check one higher time frame. BigE said get all the information from the time frame / chart in use. Sometime it help's a little to cheat. Also have a peak at the lower time frame, maybe it has changed direction already. The best is to exit the trade according to rule
-----
TDI Tweaks... It doesn't mean you have to exit the trade... it's a heads up so pay attention
or
If the TDI straight green line tweaks it's angle... pay close attention... check everything... it's warning you something has changed or is about to..

- The reason why TDI is already flat, it is bumping against Support
Bar's are nice and big
Wicks show that the bulls are trying to stop downtrend.

I would activate a trailer stop and go to sleep. Make sure the trailer stop is already visible, in profit and trailing.
  • #86,607
  • Apr 17, 2018 7:15pm Apr 17, 2018 7:15pm
AUDCAD Week 16 POMO:

You knew what the market did the past 3 weeks when it closed on Apr 13 Friday NY.
If you had done your weekly top down analysis and formed a Big Picture of every currency pair you want to trade and prepare your trade plan.

This AUDCAD shows is one of my favourite classic Trading Made Simple trade set-up which have two main "ingredients for a winning recipe":-

1) Price Action
2) Support and Resistance***

You need to have mastered 10 skills in trading to be able to see all these in less than one minute.

Now do you own practice,
what are the price action and support/resistance you see on the chart below?

Also I have a hint for you all. What did Big E said in his early days about price momentum?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Week 16 Apr11 POMO.png Size: 75 KB


Have fun and enjoy your learning journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,608
  • Apr 18, 2018 1:36am Apr 18, 2018 1:36am
I like emmanuel7788 chart's. Nice and clean.

Looking at the the chart posted there is:
Roughly 6 indicators
2 sub windows with 8 time frame's

Wonder what time frame is used to trade with. Which indicator is used to make the finale decision before placing an order. Which indicator is showing S/R. Where is Stoch, 5EMA or which of those 8 sub windows is the real TDI.

What price action is he talking about. The one that happened 3 weeks ago when I should have placed a sell order or the one that is about to happen.

Wonder what happened to Trading Made Simple?
Green angle - good
Should have placed order 2 houers ago, can still place order (not bar 2 or 3)
TDI level - good
S/R - ranging between two narrow bands
- Can get some pips with this one, just keep a close watch for pullback
Stoch is same direction as TDI green
Crossing 5EMA.
Spread is a little bit high which mean there is little movement on this pare - London is about to open soon.
Bar's and wick's are not that good
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.PNG Size: 43 KB
  • #86,609
  • Apr 18, 2018 2:53am Apr 18, 2018 2:53am
Hello Tekkies, I could not agree with you more

I really appreciate Emmanuel contributions but sometimes I feel like he is overcomplicating it or maybe improving the strategy to make it more "safe" but at the end is not the initial one... However I like the indicator he uses (The one with the rectangles)

I think this is why the 1-2 candle entry rule is important EURUSD right now, I was about to take the third Green Candle but decided to pass...

Attached Image


Anyone is currently using the TDI Dashboard? Is it useful to safe time looking at charts?
Building a Freedom All Time Return: 5,178.8%
  • #86,610
  • Apr 18, 2018 3:12am Apr 18, 2018 3:12am
I agree with you man... Without Emmanuel... this thread will be dead already... Hahaha....
I think being safe is a key thing, after all, its a money game...

The aim of the TS is to provide a simple way for people to make money by riding on the momentum, though the learning curve remains steep but its all worth it...

Btw, which rectangle indicator you referring to?


Quoting J1mm
Hello Tekkies, I could not agree with you more I really appreciate Emmanuel contributions but sometimes I feel like he is overcomplicating it or maybe improving the strategy to make it more "safe" but at the end is not the initial one... However I like the indicator he uses (The one with the rectangles) I think this is why the 1-2 candle entry rule is important EURUSD right now, I was about to take the third Green Candle but decided to pass... {image} Anyone is currently using the TDI Dashboard? Is it useful to safe...
Full Time Funded Trader. Occasionally drop by FF. Expect a delay in reply.
  • #86,611
  • Apr 18, 2018 3:17am Apr 18, 2018 3:17am
Quoting v2vboni
UJ Weekly... observing the Price Line & Signal Line about to meet the Market Base Line. {image}
Agreed v2vboni, I'm currently long this pair...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 86 KB
All for one and one for all
  • #86,612
  • Apr 18, 2018 3:27am Apr 18, 2018 3:27am
Quoting J1mm
Hello Tekkies, I could not agree with you more I really appreciate Emmanuel contributions but sometimes I feel like he is overcomplicating it or maybe improving the strategy to make it more "safe" but at the end is not the initial one... However I like the indicator he uses (The one with the rectangles) I think this is why the 1-2 candle entry rule is important EURUSD right now, I was about to take the third Green Candle but decided to pass... {image} Anyone is currently using the TDI Dashboard? Is it useful to safe...
J1mm
Never used one.
Load all 8 chart's. Look for a cross, find one, look at angle, above below 2/4 keep chart open, reduce other chart's, apply post#647

I look only at 2 chart's EURUSD, GBPUSD. They are correlated to some extent, got lot's of movement and supply enough pips per day / week / month.

Don't try and get rich in one per day / week / month it aren't going to happen. Take it slowly.
  • #86,613
  • Apr 18, 2018 3:49am Apr 18, 2018 3:49am
Quoting emmanuel7788
AUDCAD Week 16 POMO: You knew what the market did the past 3 weeks when it closed on Apr 13 Friday NY. If you had done your weekly top down analysis and formed a Big Picture of every currency pair you want to trade and prepare your trade plan. This AUDCAD shows is one of my favourite classic Trading Made Simple trade set-up which have two main "ingredients for a winning recipe":- 1) Price Action 2) Support and Resistance*** You need to have mastered 10 skills in trading to be able to see all these in less than one minute. Now do you own practice,...
big emm ,i am really greatfull to you for your nice fibo scrpt (i need mod this to add some fibo ratiosLIKE 127.2 138.2 % 224.0 % ) may be this not right place to post this link or request.i send you message many time but no response may you don't check or not interested to share mql file or mod fibo tool further please just let me know i am confused..you told me to pm if i want mql file

PLEASE CHECK LINK AND MODIFY IT WILL BE GREAT. SOME TIME SCRIPT NOT SET WITH DEFAULT FIBO JUST JUMBLED ATTACHED IMAGE 2 FIBO BUT RATIOS NOT SEPARATED

https://www.forexfactory.com/showthr...0#post10579090
Attached Image (click to enlarge)
Click to Enlarge Name: 2 FIBO PLACED 1 PLACE.png Size: 63 KB
Say something meaningful or Silence!!
  • #86,614
  • Apr 18, 2018 4:08am Apr 18, 2018 4:08am
Quoting v2vboni
UJ Weekly... observing the Price Line & Signal Line about to meet the Market Base Line. {image}
HI MATE WOULD like share your indicator and template as you like with little brief/info (please dont give me any link ,i cant arranged as you...lol)
Say something meaningful or Silence!!
  • #86,615
  • Edited 2:12pm Apr 18, 2018 4:21am | Edited 2:12pm
Quoting WindFreeze10
I agree with you man... Without Emmanuel... this thread will be dead already... Hahaha.... I think being safe is a key thing, after all, its a money game... The aim of the TS is to provide a simple way for people to make money by riding on the momentum, though the learning curve remains steep but its all worth it... Btw, which rectangle indicator you referring to? {quote}
'Without Emmanuel... this thread will be dead already'

I disagree, thread needs diversity. Rather than endless output from one individual + another couple of 'flunkies', that being the case it was dead already.

Emmanuel may be able to take on a different role if all the newbies (and pro's) posted their charts.

In fact, (A*holes aside) I'd go so far to say that if charts were posted the thread would naturally progress under its own steam.

It would encourage experienced traders to offer advice and for learners to learn.
If the system can actually be seen working day in day out, do you think the thread would die?

Visual entry and exits and why they were taken.
'in less than half an hour he made over 100 ticks'
  • #86,616
  • Apr 18, 2018 6:16am Apr 18, 2018 6:16am
An aggressive entry based on TMS rules as it would likely be wiser to wait for the current H4 bar to develope .... nonetheless I have taken a small starting position...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 287 KB
All for one and one for all
  • #86,617
  • Apr 18, 2018 11:25am Apr 18, 2018 11:25am
Quoting Tekkies
I like emmanuel7788 chart's. Nice and clean. Looking at the the chart posted there is: Roughly 6 indicators 2 sub windows with 8 time frame's Wonder what time frame is used to trade with. Which indicator is used to make the finale decision before placing an order. Which indicator is showing S/R. Where is Stoch, 5EMA or which of those 8 sub windows is the real TDI. What price action is he talking about. The one that happened 3 weeks ago when I should have placed a sell order or the one that is about to happen. Wonder what happened to Trading Made...
great trade.
  • #86,618
  • Apr 18, 2018 2:33pm Apr 18, 2018 2:33pm
Quoting sorostrustfu
{quote} great trade.
I don't trade that pair. Never bother to follow up on what have been posted. So did not understood the meaning of "great trade".
Attached Image


Lucky prediction? I don't know. What I do know is that BigE's method does work. There is no need for all the ekstra stuff that has been posted over the years.
Use only BigE's post's and understand what he is posting about.
Attached Image
  • #86,619
  • Apr 18, 2018 5:54pm Apr 18, 2018 5:54pm
Quoting classy
{quote} HI MATE WOULD like share your indicator and template as you like with little brief/info (please dont give me any link ,i cant arranged as you...lol)
Oh sorry mate... I destroyed the template.. overwritten.. just color stuff with same TDI based indicator only and HA APB. I'll try to make a new one in a minute though ; )-



I've seen a lot of templates shared here at FF ... and then put on a website to generate traffic and ads. I'ved seen one with my template and modified indicator and it was being sold last year.

Since then, I blocked one that was like chasing me for my templates.. and roaming around FF to collect other systems here ... I called him the template collector ala the Bone Collector movie ; )-
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #86,620
  • Apr 18, 2018 7:43pm Apr 18, 2018 7:43pm
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 ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 16 D1 trade management exit.png Size: 54 KB


Quoting emmanuel7788
{quote} TRADE MANAGEMENT - EXIT STRATEGY Here is an example on D1 chart trading. Which is better and get more pips? 1) Exit all trades when the TDI Green cross Red (down) or 2) When the APB/HA candle closes in opposite colour. I have my trailing stops below the previous two D1 price bar low (Note: its price bar low not the APB/HA low) *** Beware of price CONSOLIDATION as price moves higher. {image}

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 16 D1 TDI cross entry and exit.png Size: 42 KB


In this example this week above, the TDI Green did close cross down the Red and the APB/HA also change colour.
You give up too many pips when you wait for TDI cross in the opposite to exit.

What is a better solution when trading the D1 chart to maximise the number of pips in profits?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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