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Trading Made Simple

  • #89,681
  • Aug 18, 2018 12:47pm Aug 18, 2018 12:47pm
Quoting emmanuel7788
{quote} {image} @Tekkies, Trading TMS 5-Method with Multiple Entries Multiple Exits MEME is for advance TMS traders. You need to have achieved at least a win rate of 55% and have reached consistent results in 3 years and can maintain that same consistency for 3 to 5 years. With MEME you can use the generate CashFlow as additional income. You do not understand the meaning of AVERAGE ENTRY PRICE of a BASKET OF 5 TRADES. The rules are simple and easy to learn. 1) you must use Risk %of capital or $amount and Position Sizing for the basket of trades....

'If anyone interested and trading GER30, I can setup a live trading account using a FXBlue account to show you how it can be done.'

I'd be especially interested in seeing that.
'in less than half an hour he made over 100 ticks'
  • #89,682
  • Aug 18, 2018 3:05pm Aug 18, 2018 3:05pm
Quoting emmanuel7788
{quote} Fact remains, that is there is no Left Handed check mark in any of Big E posts and charts. Dont mislead others now saying using mirror image rubbish. That is TDI hook over simple to see without using any mirror on TDI. The picture below is plain simple and clear. You made a mistake , be man enough to admit that and move on. Its your big ego. {image}
You right BigE did not use a left hand check mark.
TDI is doing precisely that which make it a checkmark.
You should read post#6 very carefully
#6................
Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.
  • #89,683
  • Aug 18, 2018 3:46pm Aug 18, 2018 3:46pm
I am a new member and hello to everyone. I am been trading for a long time now and just decided to register there because of the huge community of traders,systems,indicators,back-testing and good communication. Respect and RIP to amazing eelfranz,I have been reading most of his training charts over this weekend,I could say this is the greatest thread I have ever seen/read.Happy to know all you you guys contributed and kept it going.I wish he was alive so i could message him and say thank you sir.He left a great message and system for the world to follow.
  • #89,684
  • Aug 19, 2018 12:02am Aug 19, 2018 12:02am
Quoting Tekkies
{quote} You right BigE did not use a left hand check mark. TDI is doing precisely that which make it a checkmark. You should read post#6 very carefully #6................ Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.
Hi tekkies;

You are using just the simple method of BIG E ?
Are you on winner edge ?
  • #89,685
  • Aug 19, 2018 12:40am Aug 19, 2018 12:40am
Quoting farhad10
{quote} Hi tekkies; You are using just the simple method of BIG E ? Are you on winner edge ?
Yes - M15 with H1 as posted
No - I do have losse. Almost got my butt handed to me on a sliver platter Friday.
  • #89,686
  • Aug 19, 2018 2:42am Aug 19, 2018 2:42am
Quoting Tekkies
{quote} You just got to right no matter what. Don't know how you do it, every time you flood this thread with post's trying to force member's to your way of thinking. Even when the left-hand check mark is a mirror image of a right hand check mark you will still argue. Just drop it ------------------ Feel sorry for MaxZen. Big Picture Planning is a waste of time. No plan can ever predict what is going to happen to the right of price. Price itself does not know where it is going to be the next second. Why waste time on something that only has a probability...
Surely using multiple time frames to take a view on the broader market adds value to your price action study. "making a plan" is just documenting what you see in MTF so that you can trade your TF PA with further confidence.

All: what reading material for price action do you all recommend? I don't mean a 6 page PDF, I mean in-depth further reading
  • #89,687
  • Aug 19, 2018 5:06am Aug 19, 2018 5:06am
Quoting MaxZen
{quote} Surely using multiple time frames to take a view on the broader market adds value to your price action study. "making a plan" is just documenting what you see in MTF so that you can trade your TF PA with further confidence. All: what reading material for price action do you all recommend? I don't mean a 6 page PDF, I mean in-depth further reading

Hi MaxZen,

Multi TimeFrame Analysis is definitely an important subject to learn.
babypips school of pipsology included this in its high school Grade 14 level.

https://www.babypips.com/learn/forex...frame-analysis


Price Action ... a huge topic that need a lot of time to read, study and apply in our trading.
Before you start invest your tiem into this topic, I suggest look up resources here in Forex Fcatory.
many years ago, I started reading and following the thread James16 Chart Thread

Go to that thread james16, read all the OP' post in 2005 and study all his charts from 2005 till 2012. These should help you learn what to look for when you start trading the D1 chart and using TMS 5-Method.

Start with a few very basic price bar pattern and learn to spot them on your TMS trading charts.

Show on your TMS charts, the following:
- DBHLC and DBLHC
- BEEB/BUEB
- BEOB/BUOB

When you see these price bar patterns on your TMS trading charts, you should have already done your top down analysis and know the support an resistance levels on your charts. You would also have known the the market condition, if the market is trending or sideways an you should be able to see the consolidation on your charts.

Study those price bar patterns above and observe how the TDI Green line responds to the price action. use the TDI Red Green version in Post#25. That is the version used by Big E.
Also observe the APB/HA candles of these price bar patterns.
You will learn quicker this way.

I will post my charts and show these price bar patterns and share too.

Have Fun,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,688
  • Aug 19, 2018 6:18am Aug 19, 2018 6:18am
Quoting Tekkies
{quote} You right BigE did not use a left hand check mark. TDI is doing precisely that which make it a checkmark. You should read post#6 very carefully #6................ Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

In the development of TMS-II , we have studied every one of the 463 posts by Big E in this thread and also the other 863 posts in his old thread.

After Post#6, Big E made update with other Exit rules other than the green TDI line goes flat, starts to hook over or makes a check mark reversal.

Aldo if you pay attention to PA and TDI Green, the TDI Green check mark is also an Entry rule and not necessarily only for Exit rule.

You should continue reading and take notes of all the remaining posts to get the update options of the Exit rules.

For example Post#701 is one you should pay attention to.

Have Fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,689
  • Edited 6:46am Aug 19, 2018 6:27am | Edited 6:46am
Quoting farhad10
{quote} Hi tekkies; You are using just the simple method of BIG E ? Are you on winner edge ?
Good question...

Quoting Tekkies
{quote} Yes - M15 with H1 as posted No - I do have losse. Almost got my butt handed to me on a sliver platter Friday.
Drawdown from trade losses are inherent is every trading system. But if you know the reason for those trade losses/drawdown, you can turn things around. Often the exit strategy is the 'weak link' that cause the both system drawdown and poor Expectancy.

You need to look into how to implement an exit strategy which can help you "let profits run" to improve your system performance. Big E in all his posts also showed some cases where you can make more profits if you follow his other Exit rules and not stick to Post#6.

This book have some dated ideas how to turn your forex losers into winners.

Attached Image (click to enlarge)
Click to Enlarge Name: Turning Losers into Winners.png Size: 221 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,690
  • Aug 19, 2018 6:36am Aug 19, 2018 6:36am
Quoting onejester
{quote} 'If anyone interested and trading GER30, I can setup a live trading account using a FXBlue account to show you how it can be done.' I'd be especially interested in seeing that.

@onejester,

I will consider your request. But first, I need to know what are your expectations in wanting to see this new FXBlue account which I will set up.

Do let me know and we can discuss this in the coming weeks while I sort out with my broker to move some money to the new account.

Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,691
  • Aug 19, 2018 6:53am Aug 19, 2018 6:53am
Quoting eelfranz
Training Chart - example only Look at the last short... The first red candle doesn't count... it's a nothin'... barely a speck... On my FXDD Charts the second candle is the entry candle barely... The TDI is at a 4 o'clock angle...on the next candle the TDI green line drops to a 5 o'clock angle.... TDI looks good with Stochs confirming... Flashing light, flashing light.... look at the wick pullback on the big candle !!!!! wow... I'm expecting a short lived trade... next candle is at the bottom of the TDI check mark with another candle pullback......
Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 701.png Size: 220 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,692
  • Aug 19, 2018 7:12am Aug 19, 2018 7:12am
Quoting emmanuel7788
{quote} @onejester, I will consider your request. But first, I need to know what are your expectations in wanting to see this new FXBlue account which I will set up. Do let me know and we can discuss this in the coming weeks while I sort out with my broker to move some money to the new account. Thanks.
As I understood it, this wasn't a request. It was an offer you made to everybody who reads this thread.

My expectations are to see, clear quantifiable data on a trade by trade basis (in the format of a trade explorer).

I've had mixed results on the dax in the past, but latterly very positive. I'm interested in the perspective of others, particularly when it is fact based.
'in less than half an hour he made over 100 ticks'
  • #89,693
  • Aug 19, 2018 7:47am Aug 19, 2018 7:47am
Dear emmanuel7788,

You have mentioned before about the 10 things that we should consider to have A+++ setup.

Would you please explain "even briefly" how to determine the following as a guideline for traders:

1- Trend
2- Multi-Time Frame - if you mean the big picture analysis please ignore this
3- Momentum
4- Continuation
5- Market Strength
6- Range
7- Timing

regards,
  • #89,694
  • Aug 19, 2018 10:11am Aug 19, 2018 10:11am
Quoting Mohanned
Dear emmanuel7788, You have mentioned before about the 10 things that we should consider to have A+++ setup. Would you please explain "even briefly" how to determine the following as a guideline for traders: 1- Trend 2- Multi-Time Frame - if you mean the big picture analysis please ignore this 3- Momentum 4- Continuation 5- Market Strength 6- Range 7- Timing regards,
The notes I took from Emmanuel, hope this helps you.

====================
What is a A+++ trade set-up?

A technical setup is seen with Price Action at Support & Resistance as a Continuation in an established Trend. The Trend must be reconciled in three different timeframes using Multi TimeFrame analysis and there must be Momentum seen in both the real Price Bar and APB candles. The market must not be in narrow Range consolidation and the Timing must be right for market entry and when the market shows Volatility and Strength.

Note: For reversal setups with entry using APB candle #1 and candle#2, these are aggressive entry hence have more risks, ....

  1. Is the Price Action, big candles, small candles, candlestick/price bar patterns, WRB,MC, IB, BEEB, BUEB, BUOB, BEOB.
  2. Is the PA at or near Support and Resistance, is there room for scaling out, breakeven, take profit with favorable R:R.
  3. if that is a reversal set up, can I trade and/or scale-in during Continuation after the new trend is established,
  4. What is the dominant Trend, and if the trend is not clear, what shall I use for trade bias in a sideways ranging market type,
  5. Does Multi-Time Frame analysis and reconciliation support my trade bias, (use Triple Screen technique)
  6. Is there price Momentum seen in the set up,
  7. What is the Range of the swing in that timeframe I trade,
  8. What is the market Timing (news, events, market session opening/closing time, etc.)
  9. Is there market Volatility for the trade setup to move,
  10. What is the overall Market Strength, is there room for further move, or any sign of market exhaustion.

====================

  • #89,695
  • Aug 19, 2018 10:46am Aug 19, 2018 10:46am
the market is composed of fractals

according to bill williams founder of alligator and awesome oscillator who have more than 50 years of trading


he found few myth where people think

there is no overbought and oversold

means no support and resistance

people think market is driven by big banks actually its wrong the market is the big fight between big money vs small money only bank alone cannot control total trade many hedge fund and many private investor are also in the line


many trading guru shows support and resistence and speak about lot when we ask their trading account result in myfxbook they will run away
because they also know it wonot work
many sl hunt will happen in support and resistence only so its an trap zone

so better learn trading from people who have 50 plus exerience in market again i am saying supply and demand support and resistence is an myth elliot wave only move the market prediction may be hard or imposible so read book of ralph nelson elliot which cost only few buck he is the father of technical analysis every year the market change its pattern he will explain in his book
  • #89,696
  • Aug 19, 2018 11:50am Aug 19, 2018 11:50am
Quoting gopal33200
many trading guru shows support and resistance and speak about lot when we ask their trading account result in myfxbook they will run away because they also know it won't work
Interesting!
  • #89,697
  • Aug 19, 2018 4:02pm Aug 19, 2018 4:02pm
Quoting mousteven
{quote} The notes I took from Emmanuel, hope this helps you. ==================== What is a A+++ trade set-up? A technical setup is seen with Price Action at Support & Resistance as a Continuation in an established Trend. The Trend must be reconciled in three different timeframes using Multi TimeFrame analysis and there must be Momentum seen in both the real Price Bar and APB candles. The market must not be in narrow Range consolidation and the Timing must be right for market entry and when the market shows Volatility and Strength. Note: For reversal...
mousteven

I can't thank you enough for sharing the comprehensive answer, you post in details what I am looking for.

I appreciate your help and looking for emmanuel7788 answer "if there is any" to add.

Thank you again for your sharing this information
  • #89,698
  • Aug 19, 2018 6:27pm Aug 19, 2018 6:27pm
Quoting Mohanned
{quote} mousteven I can't thank you enough for sharing the comprehensive answer, you post in details what I am looking for. I appreciate your help and looking for emmanuel7788 answer "if there is any" to add. Thank you again for your sharing this information
Hi Mohanned,

If you allow me to add this:

Read all of the OP's posts here in Forex Factory and take notes of what he posted and learn from his knowledge and experience with the 10 things.

In his old thread title Craig Harris Stochastic thread, he made 861 posts but you you should all 4,586 posts of what other members also posted in there.

In the title Trading Made Simple, read all his 463 posts and give more time when he post in reply to other members' posts and charts and questions. You will lern fast this way.

He made another 161 posts in other threads. If you have time, read those posts too. You will get to know the man better and why he traded the way he did between 2008 and 2011.

It will evnetually come back to you, your own hard work to put into PRACTICE, PRACTICE, PRACTICE... what you learned and doing it right in live markets. Use a demo account but treat your demo account like what your live account would be when you decide to start trading with your hard-earned money. If you planned to trade live for additional income to supplement your day jobs, then have a plan with realistic and achievable financial goals what I consider as SMART goals.

What I will add here is I will to post charts and trade examples for everyone wanting to learn to trade and to trade TMS 5-Method and encourage thsse members to also share and be active in discussions.

Have Fun and Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,699
  • Aug 19, 2018 6:40pm Aug 19, 2018 6:40pm
Quoting gopal33200
the market is composed of fractals according to bill williams founder of alligator and awesome oscillator who have more than 50 years of trading he found few myth where people think there is no overbought and oversold means no support and resistance people think market is driven by big banks actually its wrong the market is the big fight between big money vs small money only bank alone cannot control total trade many hedge fund and many private investor are also in the line many trading guru shows support and resistence and speak about lot when...

It is all about our EXPECTATIONS.

If you look up to someone as a guru of sort, you will have certain expectations. You will disappointed.

I learned my lesson years ago before I retire and I wanted to trade full time. I went to a trading school which advertised their master trainer and coach as one of the market wizards mentioned in Jack Schwager's book. I was sold so I enrolled as a student for a one-year mentor-ship program. In that 12 moths I learned a lot of stuff about trading the markets. That was a real fun time. The reality is, that I spent more time in the last 20 years having to un-learn all the things and bad habits picked up in that 12 months.

There are no gurus in this financial industry. It is depends on you, your knowledge and your experience. The markets will be our ONE and ONLY teacher.

Have Fun while learning to trade the markets. Be Happy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,700
  • Aug 19, 2018 6:55pm Aug 19, 2018 6:55pm
Quoting emmanuel7788
{quote} Hi Mohanned, If you allow me to add this: Read all of the OP's posts here in Forex Factory and take notes of what he posted and learn from his knowledge and experience with the 10 things. In his old thread title Craig Harris Stochastic thread, he made 861 posts but you you should all 4,586 posts of what other members also posted in there. In the title Trading Made Simple, read all his 463 posts and give more time when he post in reply to other members' posts and charts and questions. You will lern fast this way. He made another 161 posts...
Emmanuel,

Thank you for your contribution!
I can’t say I am working hard since I started studying TMS method few months ago till I see my successful results.

Now I add what you have mentioned to my study plan and I am sure it will help me to improve my knowledge in trading.

Thank you again for time and efforts
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