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Trading Made Simple

  • #88,221
  • Edited 9:33am Jul 6, 2018 9:05am | Edited 9:33am
Did not post that 85% post BigE did.
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It is a dream I have and one that I will achieve.
Neither did I claim to trade above 85%.
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I see and use that post to motivate myself.
Something tangibly to work for beside counting pips profit.
Is it wrong to aim / work toward's such a goal?
The mind set is right, The goal is set to aim for, the result's will be achieved.
I do not have a negative mindset therefor I will not receive negative result's.
-----
You can decide for yourself. Do you want to except the limitation imposed upon you by negitive poeple or do you want to achieve your dreams.
Today you make profit, tomorrow you lose profit, but your goal will always be there.
-----
edit: Martin Luther King's I Have A Dream
  • #88,222
  • Jul 6, 2018 11:17am Jul 6, 2018 11:17am
[quote=Tekkies;11236066]{quote} Here we go again. Cut the crap Emmanuel. It is becoming really boring this Tekkies vs Emmanuel feud. This is the last time I will stoop down to your level of mentality.

  • #88,223
  • Jul 6, 2018 2:36pm Jul 6, 2018 2:36pm
hello, very nice system, but too many entries to read maybe even a request worth to see the big trend better, mtf stochastik on w1.
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  • #88,224
  • Jul 6, 2018 6:20pm Jul 6, 2018 6:20pm
[quote=Platero;11236986][quote=. [/quote]


Beware of people selling using MLK's " I Have a Dream". After the OP died, this has happened several times between 2012 and 2015. Now it happening again.

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Don't say I did not warn you people.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,225
  • Jul 6, 2018 6:54pm Jul 6, 2018 6:54pm
Quoting ingob
hello, very nice system, but too many entries to read maybe even a request worth to see the big trend better, mtf stochastik on w1. {image}

Here is where your own hardwork begin:

You dream when you are asleep, but when you wake up you ask yourself " Do I believe in that dream?'

Introduction to Trading Made Simple

Spend the time to read and learn, it is worth the effort you invest in yourself.

Read, these below and follow those links.

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.
Learn Post#261 and Post#647 well because these two posts are your survival kit.

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 [click to download] .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,226
  • Jul 6, 2018 7:00pm Jul 6, 2018 7:00pm
Puzzle 2617

Taking clean trades on a plain chart without the TDI and Stochastics is breeze for the OP. Thatwas in 2011.

I know why.

Do you know why?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,227
  • Jul 6, 2018 8:09pm Jul 6, 2018 8:09pm
Quoting emmanuel7788
{quote} A Double Bar High Lower Close DBHLC is a bearish market condition ... I wait for week 28 . and the TDI will show the angle/slope down.... 4-6 clock face. what is the story behind the HA candle with small body? {image} And I learn those DBHLC & DBLHC from the james16 price action trading thread. https://www.forexfactory.com/showthread.php?t=2331
USDCAD Weekly chart

DBHLC and BEEB are both bearish market condition.

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Above chart like Big E said, I stripped the chart to nothing including the TDI, I see MN levels. That's how I trade between those levels.

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How do we trade next week?

First, check for major news and events, Jul 11 is key data.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,228
  • Jul 6, 2018 8:23pm Jul 6, 2018 8:23pm
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

A gentle reminder by the OP to all new traders to this thread'


new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,229
  • Jul 6, 2018 9:54pm Jul 6, 2018 9:54pm
Quoting emmanuel7788
{quote} Here is where your own hardwork begin: You dream when you are asleep, but when you wake up you ask yourself " Do I believe in that dream?' Introduction to Trading Made Simple Spend the time to read and learn, it is worth the effort you invest in yourself. Read, these below and follow those links. Trading Made Simple for beginners : Post#52,707 A short history by pioneer member snarlyjack Post#110...
Thanks a bunch for this valuable summary. It sure helps the newbies. Thanks a million again.
  • #88,230
  • Jul 6, 2018 10:30pm Jul 6, 2018 10:30pm
Quoting Tekkies
Did not post that 85% post BigE did. {image} It is a dream I have and one that I will achieve. Neither did I claim to trade above 85%. {image} I see and use that post to motivate myself. Something tangibly to work for beside counting pips profit. Is it wrong to aim / work toward's such a goal? The mind set is right, The goal is set to aim for, the result's will be achieved. I do not have a negative mindset therefor I will not receive negative result's. ----- You can decide for yourself. Do you want to except the limitation imposed upon you by negitive...
I believe the time when he started TMS, the market volatility was much higher than now (spread was also much higher) and retail Forex market was in relatively infancy (people say newer markets are easier to trade). IMHO, market changes all the time, and we need to adopt proper strategy/tactics to survive. The market after 20 years won't be the same as current one. Will you still be using the same strategy after 20 years? I see you've adopted/modified the strategy already.....? I think we need take his teaching with a grain of salt. It's not the Bible anyway.
Have a nice weekend.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #88,231
  • Jul 7, 2018 1:12am Jul 7, 2018 1:12am
Quoting heispark
{quote} I believe the time when he started TMS, the market volatility was much higher than now (spread was also much higher) and retail Forex market was in relatively infancy (people say newer markets are easier to trade). IMHO, market changes all the time, and we need to adopt proper strategy/tactics to survive. The market after 20 years won't be the same as current one. Will you still be using the same strategy after 20 years? I see you've adopted/modified the strategy already.....? I think we need take his teaching with a grain of salt. It's...
To say that the market has change you need to prove it.
- Compare any MQL4 candle chart from any year to any year with the same time frame. Make sure that you use the same data feed for both chart's. When you do find a difference please post that comparison.
- As to Forex spread. That will depend on the broker who provide the service you are using.
- Market volatility much higher - How come?
----------
- adopted/modified the strategy
Could never manged to entery "at the beginning of that candle" post#6. By using M15 crossover that difficulty has been removed.
5EMA - Removed it because a member asked and BigE answered "I left it on my chart........" post#418.
Heiken Ashi (HA/ APB) - Removed it because it is not a true reflection's of price. It is a "Average" version of the actually price.
As mentioned before: BigE used HA for "It's more calming to trade HA candles" post#49, #261.
TDI - Instead of using that indicator Post#25 I use the method explained in "RSI replicate to TDI.pdf" TDI always stays the same. No difference between refreshed or non-refreshed chart's.
Stoch - MQ4 build-in stoch works just fine.
-----
- I think we need take his teaching with a grain of salt. It's not the Bible anyway.
You right it is not the Bible, it is a set of rules (guideline) by BigE in how to use TDI green cross red in this thread.
By all means add your grain of salt, you will find out eventually way BigE wrote this:
Post#6.................If you add other things it will influence your decisions... usually to your detriment.
Post#285...........don't add anything... don't complicate it.
Post#1718.........Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #88,232
  • Edited 2:13am Jul 7, 2018 1:48am | Edited 2:13am
Quoting Tekkies
{quote} To say that the market has change you need to prove it. - Compare any MQL4 candle chart from any year to any year with the same time frame. Make sure that you use the same data feed for both chart's. When you do find a difference please post that comparison. - As to Forex spread. That will depend on the broker who provide the service you are using. - Market volatility much higher - How come? ---------- - adopted/modified the strategy Could never manged to entery "at the beginning of that candle" post#6. By using M15 crossover that difficulty...
EURUSD Daily 2008-2011
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Now
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #88,233
  • Jul 7, 2018 2:06am Jul 7, 2018 2:06am
Being back here the last couple of weeks has been interesting although for me, I think it was probably a mistake but there again, mistakes are crucial.

Unfortunately, for whatever reason, this thread is no longer TMS whether anyone likes it or not or at least it's not the system I read about years ago. I'm sure there are some great ideas on here and the best of luck to you all but all I've seen the last couple of weeks is confusion, arguments, which I've personally contributed to a couple of times and a total disregard for the OP's system.

It's just an opinion but something needs to change on this thread if it's going to survive because it's slowly dying. When I lurked around here before joining years ago there would be perhaps 80-150 traders viewing every single time I came here, right now there are 18 viewing and 7 members and I've not seen more than 40 viewing since I've been back. Other threads on here right now have many times that number, your thread is being destroyed so either fix it or lose it.
Ardua Ad Astra Per
  • #88,234
  • Jul 7, 2018 2:43am Jul 7, 2018 2:43am
Quoting heispark
{quote} EURUSD Daily 2008-2011 {image} Now {image}
What difference?
The market can only go up or down. Both chart's are doing that. Zoom in and you will still see the same HH, HL LH, LL.
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  • #88,235
  • Edited 4:06am Jul 7, 2018 3:46am | Edited 4:06am
Quoting mistakesr
Being back here the last couple of weeks has been interesting although for me, I think it was probably a mistake but there again, mistakes are crucial. Unfortunately, for whatever reason, this thread is no longer TMS whether anyone likes it or not or at least it's not the system I read about years ago. I'm sure there are some great ideas on here and the best of luck to you all but all I've seen the last couple of weeks is confusion, arguments, which I've personally contributed to a couple of times and a total disregard for the OP's system. It's...
Mistakesr
The thread died when OP posted his last post.
This post Post 88,178 is a typical reason for the confusion, arguments that is persistence in this thread. There is always one member that is consistently try to change Trading Made Simple to his view of how Forex must be traded under the false pretence of "I am only here to help"

I also contributed to those confusions and mostly all the arguments to keep this thread and method the way BigE has left it for us to read, enjoy and most of all to use it as laid out to get that 0.01% edge against the odd's stacked against the retail trader.
  • #88,236
  • Jul 7, 2018 3:58am Jul 7, 2018 3:58am
Well I most certainly hope you have more than a .01% edge in the long run but if this thread is to continue with any relevance whatsoever the big ego's have to go. This thread is being destroyed by an ego.
Ardua Ad Astra Per
  • #88,237
  • Jul 7, 2018 4:03am Jul 7, 2018 4:03am
Quoting Tekkies
{quote} What difference? The market can only go up or down. Both chart's are doing that. Zoom in and you will still see the same HH, HL LH, LL. {image}
He was 4H scalper, and to make this possible, we need volatility. That's why there are people saying TMS entry is too late and it's a losing strategy. Yes, it still can work and some people proved it. Nevertheless, the environment has changed I believe.
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https://www.mataf.net/en/forex/tools/volatility
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #88,238
  • Jul 7, 2018 5:50am Jul 7, 2018 5:50am
I made a post in the old thread for those who are looking for ideas how to trade after the London session closed.

https://www.forexfactory.com/showthr...0#post11238190

Good trading folks next week.Check you calendar and pay attention to key news and evenst when you are trading during the day. I trade mostly D1 and W1, I don;t worry too much when I use at 2 bars look back for cut loss on the Weekly charts.

Trade Well next week and the following weeks till July month end. Another big month for trading if you follow the market for many years you would know why.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,239
  • Jul 7, 2018 6:32am Jul 7, 2018 6:32am
Quoting heispark
{quote} He was 4H scalper, and to make this possible, we need volatility. That's why there are people saying TMS entry is too late and it's a losing strategy. Yes, it still can work and some people proved it. Nevertheless, the environment has changed I believe. {image} https://www.mataf.net/en/forex/tools/volatility

Big E was a ruled-based discretionary trader regardless whether he was scalping or swing trading. This makes it almost impossible for anyone who lack the trading experience to understand when and where he took trades. All his training charts are marked in hindsight showing the TDI as cross as set up. He was trading reversals in his aggressive manner using the APB/HA candles 1 and 2 which are often very high risk for traders lacking his level of experience.
His exit was different from the TDI rules he posted because he risk 15% to 30% of $10k account per trade. I doubt anyone have his kind of mental conditioning to trade with that kind of risk and trading 2 to 5 standard lots. Reason why most traders fail to trade TMS like he did.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,240
  • Jul 7, 2018 6:34am Jul 7, 2018 6:34am
Weekend reading:

Forex Trader Magazine July to September edition.

https://content.yudu.com/libraryHtml...38/reader.html
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
203 traders viewing now, 1 is registered:
Monfredini