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Trading Made Simple

  • #89,581
  • Aug 16, 2018 3:39am Aug 16, 2018 3:39am
Quoting farhad10
I think this thread must be simple as BIG E method. Let be simple as before Try not to complicate it. ( The rule of this thread ) !

Yes. I agree so lets start by posting charts and explain what you see and help one another.

Quoting eelfranz
I'm so proud of many of you because you've seen the light and your making outrageous pip scores. Please be willing to help other members... Discuss what you see and how you determine your entries and exits ... Lots of possibilities here ... Big E
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,582
  • Aug 16, 2018 4:10am Aug 16, 2018 4:10am
Quoting emmanuel7788
{quote} Yes. I agree so lets start by posting charts and explain what you see and help one another. {quote}
Aren't you doing that already?
'in less than half an hour he made over 100 ticks'
  • #89,583
  • Aug 16, 2018 4:34am Aug 16, 2018 4:34am
Quoting emmanuel7788
AUDUSD Aug 16 LO. As independent traders, there are many things you have to learn and decide on your own. {image} That DIb setup was after London session closed last night. Did anyone take that trade? If, you did, which exit rule did you follow? Looking at H4 now, will you jump in and buy?
re posts 89574 & 89578
1. for both trades - from BigE's notes, he (personally) did not enter trades at that time of the day (and nor do I)
2. AUDUSD chart - wrong time of day to enter PLUS "red" news event (unemployment) early next day (Asian session) - Australia uep news almost always produces large volatility (e.g. large outside bars) -->> so wait for less risky trade setup (after the news)?
3. EURUSD chart - wrong time of day to enter trade - but if I did enter then I would have moved the SL in tight after the 2nd sideways bar; and then given the trade a chance to make a move once some volume enters the market i.e. from 10am Australian time (8pm New York). BigE anticipated most moves to be 3-8 HA bars -- so after 2nd sideways bar (i.e. 3rd HA bar) move stop loss in tight, because entry was made at a time when volumes and volatility are not normally present.
  • #89,584
  • Aug 16, 2018 4:57am Aug 16, 2018 4:57am
Quoting emmanuel7788
{quote} Yes. I agree so lets start by posting charts and explain what you see and help one another. {quote}
emmnuel7788,

Are you not busy anymore for your CUG?
FOR THE HORDE
  • #89,585
  • Aug 16, 2018 7:09am Aug 16, 2018 7:09am
New York Open Aug 16

Only USDCAD look better than the other pairs.

H4 still have another hour to close.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug 16 NYOpen.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,586
  • Aug 16, 2018 7:13am Aug 16, 2018 7:13am
Quoting JKLee
{quote} emmnuel7788, Are you not busy anymore for your CUG?

Hi,

the groups members are busy with individual own forward testing and trading. few members have family holidays until end Aug.
Next month should be back to full steam working again.... until mid November when I start my year end vacation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,587
  • Aug 16, 2018 7:16am Aug 16, 2018 7:16am
Quoting silverau
{quote} re posts 89574 & 89578 1. for both trades - from BigE's notes, he (personally) did not enter trades at that time of the day (and nor do I) 2. AUDUSD chart - wrong time of day to enter PLUS "red" news event (unemployment) early next day (Asian session) - Australia uep news almost always produces large volatility (e.g. large outside bars) -->> so wait for less risky trade setup (after the news)? 3. EURUSD chart - wrong time of day to enter trade - but if I did enter then I would have moved the SL in tight after the 2nd sideways bar; and then...

Good observations and you are obviously an experienced trader.

Make TMS 5-Method your trading method and do your own system development. You need 3 systems for each of the market types.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,588
  • Aug 16, 2018 7:19am Aug 16, 2018 7:19am
Quoting emmanuel7788
New York Open Aug 16 Only USDCAD look better than the other pairs. H4 still have another hour to close. {image}
Where is post#25 template Emmanuel?
You expect other members to post charts with the 5-Method template then lead by example
Like your double standard.
Before you flap your lips:
Post#63........... I'd say pick the charts you like to trade and understand their movements... breathing patterns...
G/U is going nowhere.
Attached Image (click to enlarge)
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  • #89,589
  • Aug 16, 2018 7:27am Aug 16, 2018 7:27am
Quoting Tekkies
{quote} Where is post#25 template Emmanuel? You expect other members to post charts with the 5-Method template then lead by example Like your double standard. Before you flap your lips: Post#63........... I'd say pick the charts you like to trade and understand their movements... breathing patterns... G/U is going nowhere. {image}

That is TMS Monitor a tool to see all the 8 pairs traded by Big E.

That is obviously not a trade chart template.

My template was posted above foe AUDUSD and EURUSD.

Where is your GBPUSD trade chart template?

Please post with the same TMS template using those three indicators - APB, 5EMA and TDI. The Stochastics is optional but you can either include or omit that.


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies GU H1 trade 16-08-2018 17-39-09.png Size: 96 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,590
  • Aug 16, 2018 7:40am Aug 16, 2018 7:40am
Quoting Tekkies
{quote} Where is post#25 template Emmanuel? You expect other members to post charts with the 5-Method template then lead by example Like your double standard. Before you flap your lips: Post#63........... I'd say pick the charts you like to trade and understand their movements... breathing patterns... G/U is going nowhere. {image}
@Tekkies,

1) I read your posts this month and you said you only trade GBPUSD this year and next year you will trade EURUSD and AUDUSD. You lied again as always.

2) Post#63 is about learning the price behaviour of the currency pairs and nothing to do with using the TMS 5-Method template. You study the current pair behaviour with other means. The TMS 5-Method template has very limited information about the currency pair characteristics. Use that only when we trade.

You are flapping your lips too easy and too soon... like a very young bird trying to fly when its feathers are not full grown yet. Be careful you will fall from your mother's nest and crash to the ground.

Your GBPUSD H trade ended a loss. But good try.
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies GE30 M15 H1 trade 16-08-2018 20-29-13.png Size: 253 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,591
  • Aug 16, 2018 7:50am Aug 16, 2018 7:50am
Quoting Tekkies
{quote} Emmanuel WHY ARE YOU MISLEADING THE MEMBERS. BigE never posted that in this thread. Craig Harris Stochastics Method is NOT 5-Method. You are twisting BigE's post so that member must follow you and your way of trading. This thread is about TDI and how to use it. When are you going to understand that. --------------------------- Come to think of it, you really do live by double standards. In this post you make stupid false accusation which you cannot proof. https://www.forexfactory.com/showthr...1#post11365381 Posting...

@Tekkies,

You did not apply Post#647 correctly.

1) You buy close to resistance which is clearly seen to the left of your entry.
When you see resistance at that near by distance, there is no potential for a swing of 3 to 8 candles.

2) the short term and long term trend are both bearish. Did you see lower highs and lower lows.

3) there was no reversal candle.

4) there is consolidation seen at your entry.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 647.png Size: 118 KB


My chart below. Same chart template using the same indicators like Big E.
- APB/HA
- 5EMA Typical Price, Shift+3
- TDI from post #25
- Stochastics

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Aug 16 H1 POMO.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,592
  • Aug 16, 2018 7:55am Aug 16, 2018 7:55am
Quoting emmanuel7788
{quote} That is TMS Monitor a tool to see all the 8 pairs traded by Big E. That is obviously not a trade chart template. My template was posted above foe AUDUSD and EURUSD. Where is your GBPUSD trade chart template? Please post with the same TMS template using those three indicators - APB, 5EMA and TDI. The Stochastics is optional but you can either include or omit that. {image}
Emmanule
Why post a chart with no trades on? What purpose will that serve?
-----------
TMS Monitor has a thread of it's owen. You use it, so post in that thread.
Have posted as in agreement a chart with indicators from post#25.
----------
Have you twistested this method so much that you don't even know what is in Post#1 and Post#647.
Post#1............... I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. ..........
Post#647 ................ Does Stoch's confirm the TDI signal
---------
Anyway since you asked.
Attached Image
  • #89,593
  • Aug 16, 2018 8:02am Aug 16, 2018 8:02am
Quoting Tekkies
{quote} Where is post#25 template Emmanuel? You expect other members to post charts with the 5-Method template then lead by example Like your double standard. Before you flap your lips: Post#63........... I'd say pick the charts you like to trade and understand their movements... breathing patterns... G/U is going nowhere. {image}
@Tekkies,

You really limit your knowledge just be Bug E posts. LOL.

you learn his spelling mistakes too.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 63 pick the charts.png Size: 94 KB
Post 63 below

what pick the charts means ...

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 63 pick the charts.png Size: 94 KB


you can learn about the currency pairs with other available forex trading tools like this link below.
https://www.mataf.net/en/forex/tools
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,594
  • Aug 16, 2018 8:09am Aug 16, 2018 8:09am
Quoting Tekkies
{quote} Emmanule Why post a chart with no trades on? What purpose will that serve? ----------- TMS Monitor has a thread of it's owen. You use it, so post in that thread. Have posted as in agreement a chart with indicators from post#25. ---------- Have you twistested this method so much that you don't even know what is in Post#1 and Post#647. Post#1............... I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. .......... Post#647 ................ Does Stoch's confirm the TDI signal --------- Anyway since you asked....
@Tekkies,

You are playing around. Keep doing this and the post count will increase quicker.


Why I post chart without any trade?

That is simple.

I don't trade SE/SE.

I trade ME/ME to create which give me my edge.

I also trade basket of currency pairs at the same time which is my leverage. I am not talking about the broker leverage.

I know three Options very well. I have been here since 2012 .

Knowing Price Action trading is the key. The OP himself said this below.

#1 importance is the Price Action PA

#2 importance is the TDI, which is to show the price momentum for entry.

Therefore for those with some years of experience trading, there is Option #3:

----------------------------------------------------------------------------------------------------
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 4452 pages (89,033 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.

Big E was a discretionary rule based trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,595
  • Aug 16, 2018 8:14am Aug 16, 2018 8:14am
TMS Monitor H4 alert New York session

H1 just open a new bar/candle.

USDCAD is good BUY.

Do you have that in your trade plan?

If you do, your trading decision would be much easier and quicker when you get the email alert.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug H4 NY session.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,596
  • Aug 16, 2018 8:32am Aug 16, 2018 8:32am
MARKET TYPE USDCAD Week 33 Aug 13 to 17 Trade Plan

Look at this Weekly chart below.
If you have doen your weekend top down analysis, it take only 5 mins to see the market condition and prepare you trade plan.

Market Type of Ranging but to the Upside.

1) you can easily see the Low - High, Higher Low, Higher High, ....
2) you can see the Weekly Bullish Engulfing Outside Bar close. this is a common reversal pattern. ...small, candle and big candle (Post#647)

decision for this week trading is BUY bias.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 33 W1 Big Picture.png Size: 60 KB


Learn how to identify the Market Types.
It is The First Key to Forex System Development
https://www.axitrader.com/au/market-...x-market-types

TMS 5-Method is good for trading two Market Types

1) Trending market.
2) Sideways Wide Range. (example is USDJPY this week)

the 3) Sideways Narrow Range is very difficult to trade. The reason is also found in Post#647.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,597
  • Aug 16, 2018 8:56am Aug 16, 2018 8:56am
@emmanuel, @tekkies

The more and more I read this thread, the more and more it reminds me of some Wildlife Documentary



Big E .. The Big Alpha male, rules the roost.
Old and experienced with many 1000's of hours under his belt, He is greatly respected. It's HIS way or the HIGH way. Those not willing to conform are swiftly dealt with. There is order. There is balance.

A few years into his reign tragedy strikes and eelfranz dies from an age related illness.
Everyone is upset and mourns the loss of a great individual.
But amidst the sadness and tears arrupts chaos. With no one no longer in charge a Power Vacuum emerges. Several contenders joscel for the top spot ...but eventually Emmanuel emerges victorious. Emmanuel, An experienced trader, and well studied in Big E's posts ..one could see how he got to where he did.

At first, Emmanuel had many admirers, some even started to call emmanuel the new Big E ...but with time more and more started to become unhappy with the direction the thread had taken. Several Senior traders challenged emmanuel's dominance, but like a Big Elephant Seal defending his territory emmanuel saw off all attempts to topple him.

One day a young Silverback by the name of Tekkies came along. Unprofitable at first ....however he proved popular and quickly gained a following. He eventually gained a red flag and with an improvement in his trading started to see himself as a better trader than emmanuel. Young and hungry to advance he constantly challenged Emmanuel's dominance and battles took place on a daily occurance. Battles spanned many pages at a time with a lot of bystanders getting caught in the crossfire. Big E's words weaponised like arrows and quoted as if it were Bible Scripture. Many Traders ending up picking sides. Team Tekkies or Team Emmanuel.
Tekkies relentless in his pursuit, continues to gain following proving Emmanuel's most formidable adversary to date.

How long can Emmanuel hang on for?
Will Emmanuel be able to see-off this young buck or are we looking at the Next "Big T"?




only time will tell.

[Team Tekkies or Team Emmanuel personalised Mugs available in The ForexFactory shop, limited time only]
  • #89,598
  • Edited 9:36am Aug 16, 2018 9:20am | Edited 9:36am
Quoting emmanuel7788
{quote} @Tekkies, You are playing around. Keep doing this and the post count will increase quicker. Why I post chart without any trade? That is simple. I don't trade SE/SE. I trade ME/ME to create which give me my edge. I also trade basket of currency pairs at the same time which is my leverage. I am not talking about the broker leverage. I know three Options very well. I have been here since 2012 . Knowing Price Action trading is the key. The OP himself said this below. #1 importance is the Price Action PA #2 importance is the TDI, which is to...
That is where you are wrong Emanuel.
Yes, I did posted I only trade GBPUSD and next year EURUSD.
Does it mean I must only trade / post GBPUSD. What is wrong about looking at other pair's, see if TDI with post#647 also work on them and post a successful trade.
Must say you are right about no TDI crossover at that level. Understanding Post#647 open a whole new way of trading. Have been watch DE30 for a few days and today a placed a couple of trades jumping the crossover.
---------
Now we getting to the truth Emmanuel.
You don't trade at all the 5 - methode or even use TDI or even post$647.
You only refer to BigE's posts with in between posting your methode.

Even now you don't understand BigE's TMS.
Post#1 ............ The key to this method is the Traders Dynamic Index indicator for entries and exits.
Post#2 ............ Note on the TDI showing your entry set ups.......
Post#647 ......... When wanting to enter a TDI trade... take a moment first to observe basic 4x things....

Don't have to read 89 033 for they are filled with your posting of how you trade.
Have only to read what BigE has poste in this thread or BigE full.pdf.
Attached Image

The best part is Emmanuel when I stopped to following your advice, TMS started to make sence.
This posts of BigE has been posted for a reason:
#6..... If you add other things it will influence your decisions... usually to your detriment. Don't try to complicate it thinking it can't be this easy
#285....
Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now.
Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything...don't complicate it.
#1718
The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...
I don't care what the red TDI line is doing.
Did Stoch's confirm the TDI signal between the 20-80 lines...?
The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...
If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles...
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...
Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #89,599
  • Aug 16, 2018 9:46am Aug 16, 2018 9:46am
How many pips do you need a day?
Attached Image (click to enlarge)
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  • #89,600
  • Aug 16, 2018 10:38am Aug 16, 2018 10:38am
Quoting Tekkies
How many pips do you need a day? {image}
How many pips do I want to win?

The real question is how many pips do you want to lose if you keep the TDI on your charts?.
The problem with the TDI and any other indicator is they give so many false signals. So even thought you may win some good pips on one trade, your'e probably lose most of them with a stop loss on your next trade.

How many pips do I win a Day without the TDI?

Around 100 pips a day very easily on 4 out of 5 trading days using APB Bars / 5 EMA+3 and good sound PA.
This week I have manged 700 pips trading EJ / GJ / GC / EC / CJ / GU / AU.

My point is you need to understand what price action is telling you first and only let indicators a small say in your trade decision.

Lets look at my current AUDUSD Trade
A beautiful nice BUEB and a strong move over the 5EMA+3 is more than enough for me to jump in with my first trade. But I don't want to trade SE/SE here because I choose to build a basket of trades Long using the M5 to add addition trades. The 5EMA now just keeps me in the trade or till colour changes on the APB bars.

I found trading to be simple when I stop listening to the TDI indicator and started to listen to price action offered from every single bar close.
Attached Image (click to enlarge)
Click to Enlarge Name: tms 2.png Size: 54 KB
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