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

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #90,501
  • Sep 5, 2018 11:49am Sep 5, 2018 11:49am
Quoting ejiexe
{quote} Big E starts trading at 10pm Pacific time which is my 6am my Local time(2hrs to London open). But you quoted 1hr after Tokyo open as Big E trading time. Please, can you explain ?

you can verify your broker server H4 candle time and that of Big E when he was using FXDD.

https://www.timeanddate.com
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,502
  • Sep 5, 2018 11:53am Sep 5, 2018 11:53am
Quoting Libra
Hello TMS Team, Kindly direct on latest indicators and templates to TMS and rules
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
  • #90,503
  • Sep 5, 2018 12:06pm Sep 5, 2018 12:06pm
Quoting lddd
{quote} Great, but posting such charts where profitable trades are shown doesn´t help anyone. Most of the times not even any further explainations to it. Well Emmanuel taking it to another level here, but this is probably even more confusing lol. So "showing it can be done" would be easy to present. Provide a validated track record everyone can follow and analyse every single trade or do live recording trades and post this instead. Otherwise such charts do not help a lot i think. They do NOT "showing it can be done". All they show is a trade entered...
Iddd.
Do you really aspect that every chart must be accompanied with this type of posting: Post 84,888, Post 84,947, Post 78,030
or
Repeat every time this: Post 89,709, Post 89,647,Post 89,350
Even better go have a look at some of BigE charts: Post 9,301, Post 8,906, Post 7,858, Post 7,855
They don't say much either.

No valid track record, live recording, posted chart's or explaining by other members are going to help you one bit when you are not prepared to do your own "Blood, Tears and Sweat" - BigE mentioned "Study" about 22 times in this thread.

Edit: How many times did Emmanuel post the above post. We disagree about many points. To study is not one of those point's.
  • #90,504
  • Sep 5, 2018 12:56pm Sep 5, 2018 12:56pm
Quoting Tekkies
No valid track record, live recording, posted chart's or explaining by other members are going to help you one bit.
I do not complain about not finding help. I am saying so because it might help to proof statements like "showing it can be done" tdi is king" "TMS is a profitable strategy" and so on.

I totally agree with you that having such data provided will not make one self a better trader.

But I am also not one of the persons here continously saying something works or is king. And when it comes down to members want to actually SEE this success coming up with some lame execuses, just saying nothing or something like "it wont help you".

So all im saying here is as long as you cannot provide such validated source of informations don´t be so quick with such claims. Even if it could be faked, people at least can make themselves a comprehensive picture of such trader.
  • #90,505
  • Sep 5, 2018 1:38pm Sep 5, 2018 1:38pm
Quoting lddd
{quote} Well here is the problem. It simply isn´t working like that. There are lots of situations where such setups still will fail. Now you might say, ok but even some more will work out great. So whats the deal? How do you prevent your self not entering a trade where it will fail? By taking 2 more other setups to end up posistive in sum? How many trades like that you want to find by not over trading while markets are most of the time just ranging to be profitable like that? Sorry but thats just bullshit, If[/highlight]...
You don't. As I mentioned earlier, every signal has the same pass/fail odds. It's the cherry picking that kills traders off. Also, most traders will not build any significant wealth at FX or anything else because they cut winners short and let losers hit their stop. Obviously, this will not have a favorable outcome. Most traders cannot accept that losing is a part of the the business which is why there are so many systems in the systems forum.

Quoting Chenzo25
{quote} Not saying you are 4'10" , 220 and bald or anything like that... Why say this then? The alcohol would be me. I actually trade and drink wine at night. It relaxes me. If I smoked Weed im sure I would trade even better with laser focus. Unfortunately, that's not my thing anymore. Good Wine is.
Wait, what?

You accuse me of saying you have short man syndrome, and then post the very sentence where I made it clear that I am NOT saying that?
If you are good at something, never do it for free--Joker
  • #90,506
  • Sep 5, 2018 1:57pm Sep 5, 2018 1:57pm
Quoting jmn5611
{quote} You don't. As I mentioned earlier, every signal has the same pass/fail odds. It's the cherry picking that kills traders off. Also, most traders will not build any significant wealth at FX or anything else because they cut winners short and let losers hit their stop. Obviously, this will not have a favorable outcome. Most traders cannot accept that losing is a part of the the business which is why there are so many systems in the systems forum. {quote} Wait, what? You accuse me of saying you have short man syndrome, and then post the very...
You're either a Moron or you play one really well. Not saying you are one but could be
You will learn the most from your losing Trades
  • #90,507
  • Sep 5, 2018 2:23pm Sep 5, 2018 2:23pm
Quoting Chenzo25
{quote} You're either a Moron or you play one really well. Not saying you are one but could be
Perhaps English is not your first language. Your attempt at an analogy is completely contextually different than the sentence I made.
If you are good at something, never do it for free--Joker
  • #90,508
  • Sep 5, 2018 2:50pm Sep 5, 2018 2:50pm
What a hilarious thread reminds of a soap opera tekkies is at it with Emmanuel jmn at it with chezno Rick at it with Emmanuel etc etc etc. And yet no substance about making money isn't that the goal of trading?
  • #90,509
  • Sep 5, 2018 3:07pm Sep 5, 2018 3:07pm
Quoting Divergence
What a hilarious thread reminds of a soap opera tekkies is at it with Emmanuel jmn at it with chezno Rick at it with Emmanuel etc etc etc. And yet no substance about making money isn't that the goal of trading?
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  • #90,510
  • Sep 5, 2018 4:37pm Sep 5, 2018 4:37pm
Quoting lddd
{quote} {image}

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,511
  • Sep 5, 2018 5:56pm Sep 5, 2018 5:56pm
@ ?????? ... the critics, whoever you are ...
OK ... so some people here, the critics, want a Trade Explorer because in their judgement that will determine if the rules that eelfranz created work plus of course the discretionary part.
To help those critics who want the trade explorer because they must have tried the strategy and failed ... please put up your Trade Explorer and pictures of trades so that those who do make money following eelfranz rules can perhaps help you to become profitable ... sound reasonable?
... or maybe on the other hand you have not traded the rules at all ... and have nothing but empty criticism ...
This is probably my last post about TE here simply because in all probability none of the critics have even traded the TMS method and certainly don't have a TE to show their failure.
Will wait and see ...

and please if you are making money from FX if you can try to remember those less fortunate, for Aussies you may consider this charity
All the best to everyone
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,512
  • Sep 5, 2018 6:09pm Sep 5, 2018 6:09pm
Quoting jmn5611
{quote} Perhaps English is not your first language. Your attempt at an analogy is completely contextually different than the sentence I made.
Wow! Big words for a 15 year old. Congratulations

Aren't you the same Dbag that was all over Traderathome on the PVSRA thread? I think I remember you. You were the shit stain in that thread. Bitter as hell because you couldn't make it work. Still a loser I see.
You will learn the most from your losing Trades
  • #90,513
  • Sep 5, 2018 6:14pm Sep 5, 2018 6:14pm
Quoting Divergence
What a hilarious thread reminds of a soap opera tekkies is at it with Emmanuel jmn at it with chezno Rick at it with Emmanuel etc etc etc. And yet no substance about making money isn't that the goal of trading?
These guys are not even on my level. IM just squashing ants and messing with them. I can give 2 shits about any of it. You're right about making videos and live trades that way. If you are running a thread than this is what they should do. Obviously, we have a bunch of all talk losers who cant prove if they are profitable or not. Somehow its the secret society of losers to keep this info to themselves because they are red diamond losers who don't want to be exposed. After all, they have been correcting people for years and acting like they are Real traders when they are probably working at Walmart.

Im not here to make friends. IM not here to get famous. Fuck this whole FF BS. I check my calendar and every now and again I will run my mouth because I can.

I have some trades going in positive and must focus on making money. Later
You will learn the most from your losing Trades
  • #90,514
  • Sep 5, 2018 6:32pm Sep 5, 2018 6:32pm
Quoting PayItForward
@ ?????? ... the critics, whoever you are ... OK ... so some people here, the critics, want a Trade Explorer because in their judgement that will determine if the rules that eelfranz created work plus of course the discretionary part. To help those critics who want the trade explorer because they must have tried the strategy and failed ... please put up your Trade Explorer and pictures of trades so that those who do make money following eelfranz...
I can only speak from my own perspective and state my own reasons for wanting to see a TE or similar.

When I see people 'teaching' a system, whether it is their own system or someone else's , and making claims of thousands of pips and showing charts that, after the fact, seem to show successful trades, I want to see some sort of validation of those claims. For example, if someone is teaching me to fly an airplane, you're damn right that I want to know if this teacher can actually fly himself!!

This also (imo) extends to people who repeatedly make claims of 'I just closed a trade for xxx number of pips' etc etc.

Now as Divergence said, TE's and Myfxbook can be manipulated to show something other than the truth. I'm not saying that they are perfect, but they do go some way to show some honesty and integrity of the trader.

Why do I think TE's et al should be used to support claims, and should be compulsory for system thread starters? Simply to try and weed out some of the conmen and liars to protect the innocent who may fall for the con. Of course the end user has a responsibility to analyse the 'teachers' claims and make his / hers own decision as to the veracity of the claims, but the 'teacher' or the claimant also bears (or should bear) the same responsibility to back up their claims. FF has made the TE available to all, so what's wrong with asking people to use it to support their claims?

Lastly, and again, it's just my opinion, FF themselves should take the initiative to tidy up their act and get a bit more honesty into their website, lest it become (or already has become) a prime environment for people to get sucked in to deception at best, or completely ripped off at worst.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #90,515
  • Edited 7:03pm Sep 5, 2018 6:48pm | Edited 7:03pm
Quoting Chenzo25
{quote} These guys are not even on my level. IM just squashing ants and messing with them. I can give 2 shits about any of it. You're right about making videos and live trades that way. If you are running a thread than this is what they should do. Obviously, we have a bunch of all talk losers who cant prove if they are profitable or not. Somehow its the secret society of losers to keep this info to themselves because they are red diamond losers who don't want to be exposed. After all, they have been correcting people for years and acting like they...
Your’e right, we are not on your level because we haven’t lost 50 K trading forex, we are a bit smarter than that. Nows about time you show us a nice picture of a Benz that’s only leased
Trading thin liquidity at the boundary of the charts
  • #90,516
  • Edited 7:45pm Sep 5, 2018 7:27pm | Edited 7:45pm
Quoting RickM
{quote} Your’e right, we are not on your level because we haven’t lost 50 K trading forex, we are a bit smarter than that. Nows about time you show us a nice picture of a Benz that’s only leased
No, you haven't lost supposedly and you haven't won. Your just a waste of sperm on this thread. Leased lol. Only a fool would buy a Benz and deal with all the issues later. Obviously, you've never had a nice car so you wouldn't know.

Just look at this chart below. Do you know how many charts like this I can pull up and say Look I sold or bought here and made a 100 pips?!
Yes, I did IM great and my name is Rick. I cant actually prove it or call the move before it happened but please believe me I made those pips.

Pathetic man. You sure you and Manny are not the same people? Both put up charts very similar and cant prove a damn thing. Not to mention you're both from Australia
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You will learn the most from your losing Trades
  • #90,517
  • Sep 5, 2018 7:42pm Sep 5, 2018 7:42pm
Quoting realjumper
{quote} I can only speak from my own perspective and state my own reasons for wanting to see a TE or similar. When I see people 'teaching' a system, whether it is their own system or someone else's , and making claims of thousands of pips and showing charts that, after the fact, seem to show successful trades, I want to see some sort of validation of those claims. For example, if someone is teaching me to fly an airplane, you're damn right that I want to know if this teacher can actually fly himself!! This also (imo) extends to people who repeatedly...
In part I agree with what you are saying however I draw the line at discretionary trading versus EA trading for obvious reasons.
A TE using TMS discretionary proves little as far as I am concerned because it is discretionary.
Further, you may be able to evaluate a TE correctly but can a novice or should I say someone with less knowledge than yourself. That said even in the evaluation of a TE the information is consolidated and of little individual pair trade value.
The only way IMO to do that is with an EA and I for one don't have the interest or funds to develop an EA which includes Fundamental Analysis so therefore we are left with discretionary trading or a simplified EA.
I understand your analogy "someone is teaching me to fly an airplane" however that is a paid professional ... the people who post here do so for free, the cost of their time excluded, and are not compelled to show any formal qualifications (real or fake), and even if they were qualified it would be similar to 10 lawyers in a room ... 23, no 35, no 67 opinions and maybe one correct because the Judge (the Market) decides.
If you want a professional to teach you FX then there is a financial cost involved and as such there should be a warranty. (highly unlikely)
This debate could go on forever and we probably must just agree to disagree on this point anyway.
There are much bigger issues here on FF and I totally agree with your last paragraph, there are people in the last few pages that, I have recently been informed and have confirmed, that break the rules here (credit af) ... they know who they are, and say things like and I quote "Fuck this whole FF BS" but they still stay here ... unfortunately their ego wont allow them to leave and leave for good ... maybe they should be reported to Twee and banned ... that may be an option under consideration if they persist in their less than childlike behaviour ... but no they must continue to try to destroy a legacy of a deceased person for their own IMO, pathetic reasons.
If you don't like TMS or cannot be profitable with it then for me your action is simple ... LEAVE and never come back here.
Enough time spent on the merits or not of posting a TE for discretionary trading.
All the best to everyone
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,518
  • Sep 5, 2018 7:54pm Sep 5, 2018 7:54pm
Quoting Chenzo25
{quote} Wow! Big words for a 15 year old. Congratulations Aren't you the same Dbag that was all over Traderathome on the PVSRA thread? I think I remember you. You were the shit stain in that thread. Bitter as hell because you couldn't make it work. Still a loser I see.
Chenzo, I recently found out you are a person with two user names. You've been playing these same games on these forums since 2013! And you are still posting with both of them, which is against the FF rules.

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Clearly, the only loser here is you. Still claiming how great you are, still up to the same old BS. How sad.

As far as TAH, I was telling people that his method was a great way to blow up, and surely enough, in September, they took a catastrophic loss. Averaging down is the surest way to blow your account. Now he is in the dustbin of FF history.
If you are good at something, never do it for free--Joker
  • #90,519
  • Sep 5, 2018 7:59pm Sep 5, 2018 7:59pm
Quoting jmn5611
{quote} Chenzo, I recently found out you are a person with two user names. You've been playing these same games on these forums since 2013! And you are still posting with both of them, which is against the FF rules. {image} Clearly, the only loser here is you. Still claiming how great you are, still up to the same old BS. How sad. As far as TAH, I was telling people that his method was a great way to blow up, and surely enough, in September, they took a catastrophic loss. Averaging down is the surest way to blow your account. Now he is in the dustbin...
Yes, nothing to hide. That was my old account. I already said that. If I didn't want anyone to know I wouldn't of mentioned it. Jeez you thought you were good for second... sad.

So you realized that you were the shit stain on that thread and found me? Wow.
You will learn the most from your losing Trades
  • #90,520
  • Sep 5, 2018 8:05pm Sep 5, 2018 8:05pm
Quoting Chenzo25
{quote} Yes, nothing to hide. That was my old account. I already said that. If I didn't want anyone to know I wouldn't of mentioned it. Jeez you thought you were good for second... sad. So you realized that you were the shit stain on that thread and found me? Wow.
So let me get this straight, you were number one in 2013, and now, five years later you are back to tell us how great you are again? Yeah, okay.

Quoting Divergence
What a hilarious thread reminds of a soap opera tekkies is at it with Emmanuel jmn at it with chezno Rick at it with Emmanuel etc etc etc. And yet no substance about making money isn't that the goal of trading?
Money making is the same no matter what entry you choose, most of these threads never discuss trade management, and that is how you make money.
If you are good at something, never do it for free--Joker
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