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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #92,121
  • Edited 6:17pm Oct 22, 2018 5:29pm | Edited 6:17pm
Iddd unfortunately what you request has never nor will it ever be given. Best to move on and let this pathetic thread for once and for all
  • #92,122
  • Oct 22, 2018 5:45pm Oct 22, 2018 5:45pm
Quoting Divergence
Iddd unfortunately what you request has never or will it ever be given. Best to move on and let this pathetic thread for once and for all
Yeah, agree with you. Thanks for the reminder ;-)
  • #92,123
  • Oct 22, 2018 6:16pm Oct 22, 2018 6:16pm
Quoting lddd
{quote} No he gave only a few static rules and expected from TMS followers to already know about all the „basics“. Where are his videos, money management rules, trading results over a series of trades over more than a few days and hand picked posted charts? I can’t find them, still not went through all his posts but I can’t find any. Maybe anyone can do a video series for 1 month It even a week recording his daily routine with cherry picking TMS setups and after 1-2 months we will see what’s going on. I think this could really bring in some benefits...
Come on Iddd be realistic. Do you really think that BigE or any tread starter must give Forex basics training before any member can use a method. How many books have been written about RSI, Stoch, S/R level, money management. Dean Malony has YouTube videos about TDI. So you say BigE must post all that stuff and explain in detail what has been explained already elsewhere. (spoon-feeding comes to mind)

Clearly you did not read all his post neither put in any study effort
........the OP of this topic not even has an exit plan.............
Post#6..............Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.
........He sets no stop loss
Post#53............The safest way is to place your S/L at the last hi or low a couple of candles back.........
-------------
This sentence is the best: I think this could really bring in some benefits for newbies like me here.
Guess what! I was also a newbie and still is.
  • #92,124
  • Oct 22, 2018 7:40pm Oct 22, 2018 7:40pm
Quoting eelfranz
...The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean? It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why? ....
It's time.

The OP's post above May 2011 and now more than 7 years later, it is time to get rid of the TDI and Stochastics.

Keep It Simple. Follow the Price Action and the Yellow Brick Road.

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,125
  • Oct 22, 2018 8:13pm Oct 22, 2018 8:13pm
Quoting lddd
{quote} I tried different EA´s based on the TDI crossover signal. They all suck, no matter what time frame, no matter what markets. Best profit factor was 1.2 or so with as drawdown of 30-55%. My manual profit factor trying to trade the TMS based on a 3k live account is: Profit Factor: 4.63. Gain:+64.85% Abs. Gain:+64.85% Daily: 1.12% Monthly: 39.15% Drawdown: 23.34% Balance: €4945.44 Equity: (99.93%) €4942.09 Highest: (Oct 22) €4945.44 Profit: €1945.44 Interest:-€50.07 Deposits: €3000.00 I am just having a hard time with all these false signals....
Attached Image (click to enlarge)
Click to Enlarge Name: lddd GU post Oct 22.png Size: 278 KB


quite obvious,

Only setup 1 passed the PA condition , there was a reversal candle and there is a setup when the HA setup candle close below the 5EMA.

2 and 3 did not meet the PA conditions because of that big price bar/HA candle to the left and market is in CONSOLIDATION range. WAIT for the breakout of that CONSOLIDATION range. A simple check of the H4 and D1 PA and TDI will help filter out these two TDI setups.
If you had filtered out 2 and 3, you will have two less losers and your win rate will be better. Pick only the best setups or what I call the A+++ setups.

Anyway big picture of GBPUSD is sell only for Weekly long term swing traders since 1.3730 was triggered in April. Sep month was a brief recovery. Last week Thursday was a sell trigger @1.3033 with TMS MEME.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,126
  • Oct 22, 2018 9:51pm Oct 22, 2018 9:51pm
Quoting emmanuel7788
{quote} {image} quite obvious,
Everything is "quite obvious" in hindsight, but of course that's your specialty isn't it?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #92,127
  • Oct 23, 2018 12:13am Oct 23, 2018 12:13am
Quoting emmanuel7788
{quote} It's time. The OP's post above May 2011 and now more than 7 years later, it is time to get rid of the TDI and Stochastics. Keep It Simple. Follow the Price Action and the Yellow Brick Road. Too much time is being spent on TDI and Stochastics, Too little time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run. You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Yep it is time, that you realize this thread is about TDI and how to use it.
  • #92,128
  • Oct 23, 2018 12:35am Oct 23, 2018 12:35am
Quoting Tekkies
{quote} Yep it is time, that you realize this thread is about TDI and how to use it.

#1 importance is the Price Action

#2 importance is the TDI for confirmation ... of the setup candle' price momentum.... nothing more than that.

#1- Price Action first, then #2- TDI Post#3142

when you have mastered the 5-Method, you will realize that the TDI is not necessary but it can still be useful when we do automation like when we want to trade using an expert advisor. However, for anyone doing automation you can also use the MACD with the setting (2,13,7) to replicate the default TDI Green Red lines.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,129
  • Oct 23, 2018 12:38am Oct 23, 2018 12:38am
Quoting emmanuel7788
{quote} {image} quite obvious, Only setup 1 passed the PA condition , there was a reversal candle and there is a setup when the HA setup candle close below the 5EMA. 2 and 3 did not meet the PA conditions because of that big price bar/HA candle to the left and market is in CONSOLIDATION range. WAIT for the breakout of that CONSOLIDATION range. A simple check of the H4 and D1 PA and TDI will help filter out these two TDI setups. If you had filtered out 2 and 3, you will have two less losers and your win rate will be better. Pick only the best setups...
Wrong again
Crossover 2:
- green between 2 and 4: No trade
Crossover 3:
- green angle below 4.
- small candles to the left
- not below 5EMA: No trade
You asked I must show you contradiction's in your posts,
In previous post you say get rid of TDI and Stoch. In the second post you post this:
PA and TDI will help filter out these two TDI setups.
@1.3033 with TMS MEME.
So what is it going to be Emmanuel. Are you going to follow your own advice and don't use TDI or TMS in your any of your post's. You can't tell members to do one thing and you still keep on using TDI and TMS
  • #92,130
  • Oct 23, 2018 12:40am Oct 23, 2018 12:40am
Quoting eelfranz
232 and counting - {image}
What is obvious to me is to learn from the OP' hindsight training charts and look for similar trade setups in live market.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 9307 obvious setup candle.png Size: 143 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,131
  • Oct 23, 2018 12:43am Oct 23, 2018 12:43am
Quoting eelfranz
Good 4h trade ... {image}

Another hindsight training chart, this is another obvious type of setup I look for when trading live market.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 8906 obvious H4 setup with PA.png Size: 91 KB


spend some time reading his posts in his old thread and learn to identify those 'reversal 'candles then wait for the 5-Method setup HA candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,132
  • Oct 23, 2018 12:46am Oct 23, 2018 12:46am
Quoting eelfranz
Training Chart - {image}

Another training chart, this is also hindsight chart but it is about the price momentum seen with the TDI Green line angle or slope.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 7840 obvious PA momentum.png Size: 160 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,133
  • Oct 23, 2018 12:53am Oct 23, 2018 12:53am
Quoting Tekkies
{quote} Wrong again Crossover 2: - green between 2 and 4: No trade Crossover 3: - green angle below 4. - small candles to the left - not below 5EMA: No trade You asked I must show you contradiction's in your posts, In previous post you say get rid of TDI and Stoch. In the second post you post this: PA and TDI will help filter out these two TDI setups. @1.3033 with TMS MEME. So what is it going to be Emmanuel. Are you going to follow your own advice and don't use TDI or TMS in your any of your post's. You can't tell members to do one thing and you...
Edit. add chart with more comments:
Attached Image (click to enlarge)
Click to Enlarge Name: lddd GU post Oct 22_ update2.png Size: 289 KB



@Tekkies,

You do have a serious problem in reading and comprehension.

The TDI is no longer the primary indcator for my trade planning and trade decision. It is more PA based and the HA candles and the 5SMMA PAC. Back to the good old days like when the OP started in 2008/2009.

There is no contradiction. You are confused. It is the OP who said he strip the chart down to nothing ...

here below linked, read that post yourself.

Quoting eelfranz
Alright all you party animals trying to recover from last night... or longer... Last couple of pages has covered many different topics... well, touched base anyway.... 2scoops... on post 2594... 2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,134
  • Oct 23, 2018 1:05am Oct 23, 2018 1:05am
I think many of you are in short the three amigos...AU, EU and GU
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,135
  • Oct 23, 2018 1:07am Oct 23, 2018 1:07am
USDJPY H4 looking good for short....

while AJ, EJ and GJ are running into their 3 to 8 candles swings.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,136
  • Oct 23, 2018 1:09am Oct 23, 2018 1:09am
Quoting emmanuel7788
{quote} #1 importance is the Price Action #2 importance is the TDI for confirmation ... of the setup candle' price momentum.... nothing more than that. #1- Price Action first, then #2- TDI Post#3142 when you have mastered the 5-Method, you will realize that the TDI is not necessary but it can still be useful when we do automation like when we want to trade using an expert advisor. However, for anyone doing automation you can also use the MACD with the setting (2,13,7)...
Stop confusing Craig Harris Stochastics Method with this method Emmanuel Post#3142
In this method it is: Post 270
When I check my charts... I look to the TDI... then PA.

Stop confusing members by referring to other post's from other method. You are not helping much
  • #92,137
  • Oct 23, 2018 1:24am Oct 23, 2018 1:24am
Quoting Tekkies
{quote} Stop confusing Craig Harris Stochastics Method with this method Emmanuel Post#3142 In this method it is: Post 270 When I check my charts... I look to the TDI... then PA. Stop confusing members by referring to other post's from other method. You are not helping much

@Tekkies,

we been through this before.

the old thread title was changed by FF admin. It started as GBPUSD M15 trading and Big E shared several methods in that thread.

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,

This thread title was proposed by members back in 2010 and the OP chose Trading Made Simple and it is the 5-Method which the OP only trade H4 and H1. He also said we can trade the D1.

What about this OP's post below? Is this not the 5-Method the OP was referring to?

Quoting eelfranz
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...
You mention Post#270 and that is not about trade entry. That post#270 topic at that time was about trade management when the OP has open trades, he look at the TDI for his exit. He also look at when the price moved forward and pullback 15 to 20 pips, he would exit his trades and not wait for the TDI signal. You missed putting the puzzles oiecs together to see the full picture. You spend too much of your time on the TDI and ignore the fact that trading requires a lot more that just the OP's 463 post in this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,138
  • Oct 23, 2018 1:32am Oct 23, 2018 1:32am
Quoting emmanuel7788
{quote} It is the OP who said he strip the chart down to nothing ... here below linked, read that post yourself. {quote}
I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

Can you explain that sentence from that post emmanuel.

Quoting emmanuel7788
{quote} @Tekkies, we been through this before. the old thread title was changed by FF admin. It started as GBPUSD M15 trading and Big E shared several methods in that thread. 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,...
Does not change anything emmanuel
You missed the part:
We switched from there to only discuss this method in the new forum...
Stop confusing members by referring to other post's from other method. You are not helping much
  • #92,139
  • Oct 23, 2018 1:34am Oct 23, 2018 1:34am
Quoting eelfranz
TDI... Ask me specific questions with chart examples... mark your chart up. Don't be vague... get specific... I don't have the ability to know what your thinking. The 32,50 & 68 lines are original. When you get to 68 start looking for a reversal sign on the TDI... However it could still be 50-100 pips away ocasionally... just pay attention to the green line for a possible exit signal... the 32 line is the opposite. When I check my charts... I look to the TDI... then PA. If I'm not feeling strong about a current in progress trade... get out then...
very interesting post#270 with lots of information to study and learn.
Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 270 highlights.png Size: 148 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,140
  • Oct 23, 2018 1:41am Oct 23, 2018 1:41am
Quoting Tekkies
{quote} I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too... Can you explain that sentence from that post emmanuel. {quote} Does not change anything emmanuel Stop confusing members by referring to other post's from other method. You are not helping much

@Tekkies,

You are the one who is confused and refused to read all of the OP's posts starting in his old thread. You confused thread title and its contents. You do not know the full history of Big E, when he started trading forex in 2008 till 2011.

You are limited to just 463 posts in this thread.

You are confusing people reading this thread telling them to stop reading the OP's old thread which has a lot of information about the OP trading journey as a newbie back in 2008 and what he learned and how he developed himself as a trader.

For those who want more examples of the 5-Method, the OP said this below:

Quoting eelfranz
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...
A lot of questions were asked and answered in the old thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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