Trading Made Simple | Page 4350 | 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

  • #86,981
  • Edited 9:33pm Apr 29, 2018 9:21pm | Edited 9:33pm
Quoting emmanuel7788
{quote} Last week we had a 3Bars Swing High reversal on D1 chart. I wont be buying this week. Not yet... I'll wait. On MN and W1, we see longer term and medium term technical resistance. What does fundamental say? What about the current market sentiments with the Yen? Quite a few key things happened last week. If we buy this week, where do we want to place our initial SL for Position Sizing and where to Cut-Loss when when we are wrong? {image}


now that you pointed it out, it looks like for the d1 timeframe price might indeed go be heading lower long term

still will be watching though to see if h4 produces any bullish short term pips

i'm not that clued on fundamentals with trading. sometimes market react bullish to positive news, sometimes market react bearish to negative news as I found out when trading fundamentals when I was very new to forex trading ... I have seen no good topic on fundamentals here at FF of which to formulate a strategy

if buying this week on a SE trade, then sl would be at the low of the inside bar if taking the trade on an aggressive IB breakout, no idea where to place stop loss for me/me or cut loss. I think I am wanting to get consistently profitable with SE entries first before thinking about delving into any me/me stuff
  • #86,982
  • Apr 29, 2018 9:45pm Apr 29, 2018 9:45pm
hey all im wondering does anyone here still trade the original trading made simple method ? it seems the thread isnt really about it anymore ?
  • #86,983
  • Apr 30, 2018 3:08am Apr 30, 2018 3:08am
Quoting The Cableguy
There should be a 'popcorn' section in the forums for threads like this... Enter when green crosses red, but only when it drops afterwards. Ignore the crosses when it is in periods of chop. Bank profits now, because well... they are there (finally, after a string of losers) Enter before the candle finishes... no... wait til afterwards, but enter a candle earlier) Crossovers methods do not work, end of. If it worked so well, why would it need constant tweaking? because anything will work once or twice that's why! Pure entertainment)
It's actually very sad although I can see why long timers on the FF find it entertainment and I know you are one, you were already here when I joined a few years ago. You, like me would have seen Big E before he died genuinely trying to help newbies with a system that worked for him, he tried to make it so simple and whether it would work for the masses or not who knows but this thread has been bastardized so much it's a complete mishmash of confusing, conflicting hogwash half the time. And you Emmanual, are the main reason this has happened. A couple of years ago and a couple of thousand pages back you were trading H1, it was the bees knees was it not? Then you changed your mind and it's all D1 and H4 trading, H1 is a recipe for disaster for losing money according to you. And this is after you purportedly being a successful trader for years, pig shit! Well which is it? Most of the guys you are talking to are brand new and are all ears so all you're doing is lining brokers pockets with THEIR money. I'm not sure what your deal is whether it's financial or ego but please stop! I'm not just having a crack at you for the sake of it Emmanual but you've turned a very simple system in to 50 different things over the last few years, it's BS and I get the feeling it's for your own advantage whether it be financial or otherwise.

New traders, this place is good for a few ideas and a place to start but for God's sake don't take the FF as gospel, you will end up broke. Most of the time it's the blind leading the blind. Go listen to Tom Dante on Youtube, he will tell you the truth, being consistently profitable in Forex is the hardest thing you will ever do in your life, at least 95% of us will never achieve it. Go read books by Mark Douglas as around 90% of trading is psychological, systems that work are two a penny and there are hundreds of them, it's you that won't work and not the system. Don't let anyone tell you that there is not a Holy Grail in trading Forex, there is, it's you, it's inside your own head!

If you want to make it trading Forex get ready for thousands of hours of screen time, dedication, persistence, personal development and heart ache and sometimes it all comes at once. It's the roller coaster ride of all rides but just stay away from the bullshit and marketing and there's lots of it!
Ardua Ad Astra Per
  • #86,984
  • Apr 30, 2018 3:34am Apr 30, 2018 3:34am
Here Folks,

This same message I have been telling you people for many years that you must read all of the OP posts.
I never once said that you must read my posts and follow me in the different way I trade. Every person is different hence every one trades differently. People who don't trade make all sort of false allegations about me and that I have hidden agenda, etc. Just look at all my posts , I have never tried sell anyone anything nor use website to promote any trading stuff. I have exposed several members who had commercial intentions and they are unhappy hence all the additional usernames started to appear from time to time. You may recall the member GilR. Go back and read the posts in 2013 to 2014.
Member mistaker knows the truth because his first post in FF says it all. He is now in this thread trying to discredit me that is his hidden agenda. Soon he will direct you to some website of same name to promote his Trading Made Simple subscription for trade signals,

Read, these below and follow those links.

Introduction to Trading Made Simple .. for weekend visitors to 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 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 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 Post#27,110 .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,985
  • Apr 30, 2018 3:37am Apr 30, 2018 3:37am
Quoting mistakesr
{quote} 'being consistently profitable in Forex is the hardest thing you will ever do in your life, at least 95% of us will never achieve it. Go read books by Mark Douglas as around 90% of trading is psychological, systems that work are two a penny and there are hundreds of them, it's you that won't work and not the system. Don't let anyone tell you that there is not a Holy Grail in trading Forex, there is, it's you, it's inside your own head! If you want to make it trading Forex get ready for thousands of hours of screen time, dedication, persistence,...
Well said, that was!

I would add though, that first, you need to find a system that helps you tackle that mental aspect and anything, such as this - a crossover system, simply will not...
No crossover system can be a successful system in any shape nor form, your entries will always simply be too late.

Of course there will be umpteen examples of winners posted in hindsight, but no-one shows the whole picture, the countless losers that go with them, because your entry puts you in a hole each and every time. Add in the human element (our mental flaws) and you wont even run your winners as far as you should.

Only a system where you have multiples of your risk for reward coupled together with a good win ratio will see you begin to win the psychological battle. That's how small a margin for error that there is for reaching success and anyone who tells you different... well... i suggest to keep an open mind.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #86,986
  • Apr 30, 2018 3:39am Apr 30, 2018 3:39am
Anyone who wants to trade TMS H1 like the way I used to with X-Man,

go to his thread which is now in the Commercial Content forum

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

to trade TMS M15, the thread is by LE1

https://www.forexfactory.com/showthread.php?t=345586

After trading for so many years, I prefer t trade H4 and D1. Reason is very simple, I do not want to spend my time in front of my corner for 4-5 hours every day looking for trades and managing trades. Trading D1 is most relaxing as I only trade once a day and is most profitable. I have more time to do other things in life.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,987
  • Apr 30, 2018 3:43am Apr 30, 2018 3:43am
Quoting mistakesr
{quote} It's actually very sad although I can see why long timers on the FF find it entertainment and I know you are one, you were already here when I joined a few years ago. You, like me would have seen Big E before he died genuinely trying to help newbies with a system that worked for him, he tried to make it so simple and whether it would work for the masses or not who knows but this thread has been bastardized so much it's a complete mishmash of confusing, conflicting hogwash half the time. And you Emmanual, are the main reason this has happened....
Just stopped by and its really great to see that over the weekend some people care enough about new traders and to want to try and warn them. I figure as long as some of the established traders show up now and again and draw attention to whats going on, it is sufficient. Many newcomers will recognise the spamming as endless, valueless noise.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 at 10.27.52.png Size: 104 KB
Click to Enlarge Name: 2 10.24.03.png Size: 96 KB
Click to Enlarge Name: 3 10.15.26.png Size: 66 KB
Click to Enlarge Name: 4 10.49.56.png Size: 167 KB
'in less than half an hour he made over 100 ticks'
  • #86,988
  • Apr 30, 2018 3:43am Apr 30, 2018 3:43am
Quoting fxlrich
hey all im wondering does anyone here still trade the original trading made simple method ? it seems the thread isnt really about it anymore ?

You will see many people who do not trade like the OP but they post in this thread to show other ways in which they trade.

Everyone contributed and continues to contribute because the title trading made simple has a total new meaning and no longer what the 5-Method is.

It's now the COMEDY THREAD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,989
  • Apr 30, 2018 3:52am Apr 30, 2018 3:52am
Have you done your trade plan for this week - 4H swing trading?

some good valid opportunities if you can see them as H4 closing in 10minutes

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Week 18 Apr 30 LO.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,990
  • Apr 30, 2018 4:00am Apr 30, 2018 4:00am
Quoting emiel2303
{quote} Thanks a lot for the link Emmanuel. X-men wants to open an interactive trading group. Hope it is coming soon. As we speak only 4 people voted for such a group. Guys if u r interested too, vote on his 1st page.

years ago, Big E was in his skype group. there were 2 skype groups back then with lots of members. what happen to all of them today?

later on, in 2012 there was another skype group with him and LE1, I joined them and we had a lot of fun trading and making money together.

do not trade alone has been my message here. find a group of like-minded people and trade together. help one another and learn together.

I have been invited to a few groups and I do drop by their live trading sessions when they have questions and when they asked me to share of of my trade plans.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,991
  • Apr 30, 2018 4:03am Apr 30, 2018 4:03am
Quoting kain775
{quote} now that you pointed it out, it looks like for the d1 timeframe price might indeed go be heading lower long term still will be watching though to see if h4 produces any bullish short term pips i'm not that clued on fundamentals with trading. sometimes market react bullish to positive news, sometimes market react bearish to negative news as I found out when trading fundamentals when I was very new to forex trading ... I have seen no good topic on fundamentals here at FF of which to formulate a strategy if buying this week on a SE trade, then...

EURJPY is worth a look now with a new H4 open.

Look if there is a swing high yet for this week.

That same chart I posted early this morning,

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 18 W1 range trading.png Size: 47 KB


maybe a quick scalp!

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 18 Apr 30 multi charts.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,992
  • Edited 4:21am Apr 30, 2018 4:06am | Edited 4:21am
Quoting emmanuel7788
{quote} You will see many people who do not trade like the OP but they post in this thread to show other ways in which they trade. Everyone contributed and continues to contribute because the title trading made simple has a total new meaning and no longer what the 5-Method is. It's now the COMEDY THREAD.
Why do you keep on posting in a COMEDY THREAD, emmamuel?
You like to laugh at your own post's?
---
trading made simple has a total new meaning and no longer what the 5-Method is
Is that true Emmanuel?
Attached Image (click to enlarge)
Click to Enlarge Name: reaklly.PNG Size: 48 KB
  • #86,993
  • Apr 30, 2018 4:18am Apr 30, 2018 4:18am
GBPUSD Week 18 Apr 30 to May04;

This week I continue selling from the previous 2 weeks.
Target the gray zone

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 18 gray zone target.png Size: 31 KB


On TMS charts, the target is the Weekly 50EMA.

SL is above last week's high and also this is this week's cut-loss in case things go wrong with selling.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 18 Apr 30 multi charts.png Size: 63 KB


My trades fro past 2 weeks and today's 3 open positions.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr 30,open positions.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,994
  • Apr 30, 2018 4:26am Apr 30, 2018 4:26am
Quoting Tekkies
{quote} Why do you keep on posting in a COMEDY THREAD, emmamuel? You like to laugh at your own post's?

I post what is trading related and still have time to laugh at your posts ... about the TDI being the king, no cross, no trade, etc.

trading indicator crossover signals is indeed very dangerous thing but you can use the indicators cross to trigger average up and average down trades, ONLY after you have done your trade plan and know which trade direction to take.

remember how my MEME trades uses the M5 TDI(RSI) crosses to build up positions to full risk.
the same, after your positions are in profits, you can add-on more positions when price retraces and agan he M5 TDI cross in your trade direction. but you must have all your open positions locked with profits.
all these are programmed in my MEME trade manager expert advisor.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,995
  • Apr 30, 2018 4:41am Apr 30, 2018 4:41am
Inserted Video
'in less than half an hour he made over 100 ticks'
  • #86,996
  • Apr 30, 2018 4:47am Apr 30, 2018 4:47am
Target 40% of the Average Weekly Range (52 weeks)

If today is the swing high, then the way down is about 92pips from the current week high. But we have support below, therefore we must manage.
One way is to use THV CaveManager , 'set-and-forget' with Capital Protection feature set to ON.

see chart below:

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 18 swing high to 40pct.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,997
  • Apr 30, 2018 4:52am Apr 30, 2018 4:52am
Quoting emmanuel7788
{quote} I post what is trading related and still have time to laugh at your posts ... about the TDI being the king, no cross, no trade, etc. trading indicator crossover signals is indeed very dangerous thing but you can use the indicators cross to trigger average up and average down trades, ONLY after you have done your trade plan and know which trade direction to take. remember how my MEME trades uses the M5 TDI(RSI) crosses to build up positions to full risk. the same, after your positions are in profits, you can add-on more positions when price...
You really good at what you do emmanuel. Very smooth and slick in how you do it.
Don't promote your method, indicator extra extra? Yea right so you say.
The next post you contradict yourself by doing exactly the opposite.

a Desperate member read your post's see your chart's and then he read this "all these are programmed in my MEME trade manager expert advisor"
What does the member do? He contact's you and history gets's repeated.

TDI be King. Not my word's Emmanul. Those are BigE's posted woord's. So again you lied when you posted about having respect for BigE.
How many more lies are to be posted?
  • #86,998
  • Apr 30, 2018 5:01am Apr 30, 2018 5:01am
Quoting Tekkies
{quote} Why do you keep on posting in a COMEDY THREAD, emmamuel? You like to laugh at your own post's? --- trading made simple has a total new meaning and no longer what the 5-Method is Is that true Emmanuel? {image}
trading made simple and Trading Made Simple are not the same.

anyway, at least you spot with charts and we can discuss anything that are trading related.

what happen to "no cross, no trade"? I don't see TDI cross at those entry levels. Also your are not using the HA candles which is one of the trade set-up condition for HA#1 and HA#2. HA#1 must be Red for sell.


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post 30-04-2018 17-54-32.png Size: 239 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,999
  • Apr 30, 2018 5:11am Apr 30, 2018 5:11am
Quoting emmanuel7788
{quote} trading made simple and Trading Made Simple are not the same. anyway, at least you spot with charts and we can discuss anything that are trading related. what happen to "no cross, no trade"? I don't see TDI cross at those entry levels. Also your are not using the HA candles which is one of the trade set-up condition for HA#1 and HA#2. HA#1 must be Red for sell. {image}
Nice try emmanuel.

Time to close shop?
Attached Image (click to enlarge)
Click to Enlarge Name: dfgtrf.PNG Size: 49 KB
  • #87,000
  • Apr 30, 2018 5:12am Apr 30, 2018 5:12am
NEWBIE ALERT--- RIP big e, i believe he was a truly special person who dedicated his time to try and help others succeed in this life and i have no doubt he has been rewarded for it where he has gone.
---- i read the first couple pages and this looks like such a great system to turn around my poor results and recover some losses once i learn it. I am just wondering is it worth putting in the hours to learn this strategy or should i find something else. it seems people dont really trade the original method anymore, is there a reason for that? or am i just mistaken ? would love a reply. thanks.
186 traders viewing now