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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #92,141
  • Oct 23, 2018 1:50am Oct 23, 2018 1:50am
Quoting snarlyjack
Eelfranz, THIS HISTORY SHOULD BE PLACED ON PAGE #1. H... So once again a big Thank You to everyone and now you know!!! snarlyjack
For thos who are new,

Here is the history written by pioneer member snarklyjack.

THIS HISTORY SHOULD BE PLACED ON PAGE #1.

Here is a brief history of the "Trading made simple by Eelfranz".

When I first met Eelfranz we were studying the system "The
Stochastics Secrets 9-1-2008 by Red Trader". We were evaluating
all the possible ways of trading using Stochastics.

Which led to Craig Harris method 12-11-2009 of different possible
ways of using the Stochastics. Basically stochastics 8-3-3 using
a 15 minute chart with support and resistance.

Which led us to Synergy System with Dean Malone 1-1-2010. And
the finding of the TDI (Traders Dynamic Index) as the main indicator
not the stochastics. Using the stochastic as a secondary indicator.
Also using 1 hour, 4 hour daily charts. Which was new to me because
I was using the 5 minute and 15 minute charts.

Which led to the 5 system (Eelfranz) 1-1-2011 which is the
Trading Made Simple System on the main Forex Factory System
Section. Which is using the TDI indicator as the main indicator
not stochastics with the Ema 5 (typical) shift +3.

So in my mind 9-1-2008 to today 4-26-2011 (2 1/2 years in the making)
all in the search of greater profits with a simple system that is easy
to understand. We are here sharing with our fellow traders at Forex
Factory what we have come up with to be more successful.

If anyone in the future... is interested they can go to the
search function and search our posts starting with Red Trader and
the secrets of stochastics. In my mind this system has been a long
time in the making with hundreds of posts. We felt that it would
be easier for everyone to start a new heading on page 1 without having
to go through hundreds of old posts starting 9-1-2008.

Also I would like to thank Eelfranz for this wonderful learning journey
2 1/2 years and counting. Someone told me "how long is that string
that your pulling on at forex factory in the learning process". For me
it's been 2 1/2 years and still going strong. I've always had the
position of learn as much as you can because the economy is falling
apart and this just might be your next fulltime job so you better
learn. Also forex factory members have been great. Traders learning
from traders free...what could be better...

So once again a big Thank You to everyone and now you know!!!

snarlyjack
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,142
  • Oct 23, 2018 2:31am Oct 23, 2018 2:31am
Quoting emmanuel7788
{quote} @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...
You have not explained this:
We switched from there to only discuss this method in the new forum...
  • #92,143
  • Oct 23, 2018 2:36am Oct 23, 2018 2:36am
Quoting Tekkies
{quote} You have not explained this: We switched from there to only discuss this method in the new forum...

what is there for me to explain?

what method is this thread about?

it is all in that same post.

there are lots of examples shared and explained by the OP in his old thread.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,144
  • Oct 23, 2018 2:49am Oct 23, 2018 2:49am
For those who trade H1, learn from the OP the best time to trade.
It mentioned in his old thread.
You need to synchronise his local PDT time with the actual market session hours of the London and NY sessions.

Quoting eelfranz
Look at this beautiful trade for last night... Long trade - Started about midnight Pacific time (-8) - JPY pairs are usually pretty good - again the best trades are normally between midnight and 10am Pacific time - check out the tdi... green over 50 line, over red and yellow lines. Stochs was no help... {image}
that is when he mention this post below in reply to member bigjim1958.

Quoting eelfranz
Big Jim, #1 in importance is PA, #2 is the TDI for confirmation & Stochs is just an indicator I note. If TDI & Stochs are oppositre... I may pass on the trade...
Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 3136 best time to trade H1.png Size: 248 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,145
  • Oct 23, 2018 3:11am Oct 23, 2018 3:11am
Quoting emmanuel7788
{quote} what is there for me to explain? what method is this thread about? it is all in that same post. there are lots of examples shared and explained by the OP in his old thread. {quote}
Don't want to explain because you know that TMS is not the same method as the Craig Harris method. The rules are diffrant.
BigE's post's in this thread has enough information to trade this method with out changing the rules
#285
The chart above... I was hoping to go thru the trades however when your posting you can't see the chart... duh!
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.
Many traders on the old thread said once they quit trying to improve it or making it more complicated... their pip take exploded

What are you trying to do Emmanuel? Improve it or make it more complicated?
---------
H1 - Green bounce red
M15 - Crossover
Attached Image (click to enlarge)
Click to Enlarge Name: anyway.PNG Size: 52 KB
  • #92,146
  • Oct 23, 2018 3:22am Oct 23, 2018 3:22am
Quoting Tekkies
{quote} Don't want to explain because you know that TMS is not the same method as the Craig Harris method. The rules are diffrant. BigE's post's in this thread has enough information to trade this method with out changing the rules #285 The chart above... I was hoping to go thru the trades however when your posting you can't see the chart... duh! 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......

@Tekkies,

You have not read the OP old thread.

The thread title is misleading you.

Trading Made Simple TMS is the 5-Method and it is one of two methods the OP developed by blending other methods.

The Craig Harris Stochastic CSH Method is one of several methods he learn and traded in 2008 and 2009.

CSH uses the Stochastics indicator as the primary indicator which the Op copied from.

The OP also traded the Synergy method which uses the Traders Dynamic Index as the primary indicator.

The OP took both the Stochastics and the TDI and created the 5-Method.

He also took the Average Price Bar or what he refer to as the HA candles.

He also took the Synergy 5SMMA PAC but he later replaced that with his 5EMA, Typical Price, Shift+3.

These components are the core of the 5-Method.

Your chart does not show these core components.

You are very confused with the method and the thread titles.

If you spend more time learning price action and less time with the TDI, you will one day master PA and the TDI will not be required for manual trading.


Like the OP, he strip the TDI from his chart. Give yourself another 3 to 5 years until you reach CONSISTENCY.

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 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? Read above... 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... There is a handful who trade it correctly here who are rewarded nicely...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,147
  • Edited 4:47am Oct 23, 2018 4:34am | Edited 4:47am
Quoting emmanuel7788
{quote} @Tekkies, You have not read the OP old thread. The thread title is misleading you. Trading Made Simple TMS is the 5-Method and it is one of two methods the OP developed by blending other methods. The Craig Harris Stochastic CSH Method is one of several methods he learn and traded in 2008 and 2009. CSH uses the Stochastics indicator as the primary indicator which the Op copied from. The OP also traded the Synergy method which uses the Traders Dynamic Index as the primary indicator. The OP took both the Stochastics and the TDI and created...
Popcorn fight?
Again you twist BigE's post to suit your interpretation.
------------
He also took the Synergy 5SMMA PAC but he later replaced that with his 5EMA, Typical Price, Shift+3.
These components are the core of the 5-Method.
Not what post#718 say:
#718..............I left it on my chart because I like to see how PA interacts with the 5ema line during the trade.
Gives me a better feel for what's going on... that's mainly the reason...

Again you twist BigE's post
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?

Read above...

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...
That post is not what you maintain it to be. It is about training your brain to recognize the correct setup's with TDI, stoch.
1 - Find crossover with TDI
2 - Study the chart with all indicators on.
3 - Strip all indicators from chart and study chart again. Burn the reason's why TDI crossover it into your brain with post#647
Repeat step 1, 2, 3
Taking clean trades is a breeze for me... why? Read above... (Step 1, 2, 3)

By doing it that way the entry / exit rules become simple. That is way BigE could do this:
Post#11...............
I just glance at the TDI for set ups when the new candle opens...
If I see a set up... green just crossing red I'll take the trade, turn off the pc and go to bed.
----
That is what I did and it does work.

Have explained in previous post why BigE use HA candle and what does "fine tune it to your understanding"

TDI is king in this method and that is how I trade and use it.
  • #92,148
  • Oct 23, 2018 5:16am Oct 23, 2018 5:16am
Quoting Tekkies
{quote} Popcorn fight? Again you twist BigE's post to suit your interpretation. ------------ He also took the Synergy 5SMMA PAC but he later replaced that with his 5EMA, Typical Price, Shift+3. These components are the core of the 5-Method. Not what post#718 say: #718..............I left it on my chart because I like to see how PA interacts with the 5ema line during the trade. Gives me a better feel for what's going on... that's mainly the reason... Again you twist BigE's post The answer was simple... study old charts for set ups... now strip down...

@Tekkies,

You are very good playing with cut-and-paste of Big E's post to suit your own misinterpretation of Big E's 5-Method. Do you really believe that Big E ignored his own trading experience and trade blindly like you.

The 5-Method started in his old thread and you simply refuse to read that thread and learn the basics and how it started.There are lots of charts examples in his old thread and every question that was asked had been answered. There is no need for you to fine tune the 5-Method. If you removed the HA candles, then it is no longer his 5-Method. It is not fine tuning, it is not the 5-Method.

Your trading chart posted today does not resemble any thing close to Big E posted TMS 5-Method chart examples.
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post M15 and H1.png Size: 186 KB


When he trade H1, he did not lookt atM15 for TDI cross for entry.
Also when he traded M15 he take his entry on M15, he did not look at H1 for confirmation of the TDI cross.
Below are two of his trade examples, H1 and M15.

Big E 5-Method H1 trade example:
Attached Image (click to enlarge)
Click to Enlarge Name: Big E H1 trade example.png Size: 143 KB


Big E 5-Method M15 trade example:

Attached Image (click to enlarge)
Click to Enlarge Name: Big E M15 trade example.png Size: 143 KB


TDI may be your king but there are other more important things to consider in the long term if you want to make money consistently.

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
  • #92,149
  • Oct 23, 2018 5:34am Oct 23, 2018 5:34am
Quoting emmanuel7788
{quote} @Tekkies, You are very good playing with cut-and-paste of Big E's post to suit your own misinterpretation of Big E's 5-Method. Do you really believe that Big E ignored his own trading experience and trade blindly like you. The 5-Method started in his old thread and you simply refuse to read that thread and learn the basics and how it started.There are lots of charts examples in his old thread and every question that was asked had been answered. There is no need for you to fine tune the 5-Method. If you removed the HA candles, then it is...

People are free to interpret Big E's posts AS THEY SEE FIT. Who said that YOUR interpretation was the right one?....or the only interpretation? Who are you to tell other people how to interpret someone else's posts? Who made you the authority on Big E's posts? This IS NOT YOUR THREAD....and it IS NOT YOUR SYSTEM. You cannot create a system or a thread so stop spamming this thread with your condescending arrogance.

You have been reported to Twee for your tactics, and I urge others to also send Clean Up reports to get this thead cleaned up. This thread was just starting to come right when you, Emmanuel, returned with your flood of rubbish posts to de-rail the thread yet again.

Just hit the 'Clean Up' link people....and help put an end to this nonsense that has ruined this thread of Big E's.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #92,150
  • Oct 23, 2018 5:49am Oct 23, 2018 5:49am
Quoting emmanuel7788
{quote} @Tekkies, You are very good playing with cut-and-paste of Big E's post to suit your own misinterpretation of Big E's 5-Method. Do you really believe that Big E ignored his own trading experience and trade blindly like you. The 5-Method started in his old thread and you simply refuse to read that thread and learn the basics and how it started.There are lots of charts examples in his old thread and every question that was asked had been answered. There is no need for you to fine tune the 5-Method. If you removed the HA candles, then it is...
What did I miss in that trade that is not according to post#647.
Trade blindly you say.
Did you miss the crossover on M15
Did you miss the bounce on H1
Did you miss the angle of green on both chart's
Again he did not like to trade M15 in this thread. Post#1, 11, 51

"If you removed the HA candles, then it is no longer his 5-Method." I see that if I remove HA I don't use 5-Method, but when you post chart's with out Stoch with PAC you are using the 5-Method. Is that not a serious case of double stander. What about when you say TDI is not in the winning edge equation is that not against BigE's post.

Stop misleading members Emmanuel. That trade is taken with TDI crossover or TDI bounce. with post#647 rules. Take your pick.
The best part is it is done with out the crap you are trying to sell in this thread.
  • #92,151
  • Edited 6:23am Oct 23, 2018 6:05am | Edited 6:23am
Quoting Tekkies
{quote} What did I miss in that trade that is not according to post#647. Trade blindly you say. Did you miss the crossover on M15 Did you miss the bounce on H1 Did you miss the angle of green on both chart's Again he did not like to trade M15 in this thread. Post#1, 11, 51 "If you removed the HA candles, then it is no longer his 5-Method." I see that if I remove HA I don't use 5-Method, but when you post chart's with out Stoch with PAC you are using the 5-Method. Is that not a serious case of double stander. What about when you say TDI is not in...

@Tekkies,

You are misleading yourself. You are selling your crap belief that the TDI is king. I am not selling anything here.
I am sure people reading this thread can discern for themselves what is good for them and learn from what they read. They do not need anyone here to tell people what is good or not.

People can read starting from the OP's old thread and learn from his beginning as a newbie forex trader. Learn from how he traded , learn from what he did and how it led him to develop two methods.

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,

Nobody force anyone here to read my posts and how I interpret what I read. I learn from the OP posts and how he traded when he was a newbie in 2008.
People who do not trade TMS 5-Method and do have a lot to say about what I post. LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,152
  • Oct 23, 2018 6:11am Oct 23, 2018 6:11am
Manny and Tek going at it again?
You will learn the most from your losing Trades
  • #92,153
  • Oct 23, 2018 6:21am Oct 23, 2018 6:21am
Quoting realjumper
{quote} People are free to interpret Big E's posts AS THEY SEE FIT. Who said that YOUR interpretation was the right one?....or the only interpretation? Who are you to tell other people how to interpret someone else's posts? Who made you the authority on Big E's posts? This IS NOT YOUR THREAD....and it IS NOT YOUR SYSTEM. You cannot create a system or a thread so stop spamming this thread with your condescending arrogance. You have been reported to Twee for your tactics, and I urge others to also send Clean Up reports to get this thead cleaned up....

@realjumper,

LOL.

That your interpretation of what goes on in this thread. You don't trade with the TDI and you admitted that.
Who are you to to judge what goes on here and what I post in this thread. You are arrogant like you were in your own Genesis Matrix thread and now you come here to dictate others.

This thread wasn't going anywhere the past few weeks even when I stopped posting. How many members posted their trades and charts for discussions? I counted less than 5 in the past 3 weeks when I was busy. When members posted their charts and trades, how many other members responded?
I see lddd made the most posts as usual and he has a few issues with false signals and there were very few members who could help him.

This thread has been dead long time ago after the OP died but different members came along and kept it going. I am one of the members to keep this going.

My reminder has been and will always be what I posted below many times.

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 4608 pages (92k of 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.

There is no need to read my posts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,154
  • Oct 23, 2018 6:27am Oct 23, 2018 6:27am
Quoting Chenzo25
Manny and Tek going at it again?

hey Chenzo25,

what about some new photos of your new car and also that car you bought for your wife.
you can inspire people here how you make money trading spot forex and without the TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,155
  • Oct 23, 2018 6:28am Oct 23, 2018 6:28am
Quoting emmanuel7788
{quote} You are selling your crap belief that the TDI is king. I am not selling anything here.
Nice try Emmanuel.
You don't even recall that that BigE posted those word's:
#119..............On this method the TDI is King. All trades are signaled by it as well as exits...

What do you call this? (a other contradiction Emmanuel? Not selling anything?)
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.

He created this method and you are trying your utmost best to destroy it.
  • #92,156
  • Oct 23, 2018 6:29am Oct 23, 2018 6:29am
Quoting emmanuel7788
I think many of you are in short the three amigos...AU, EU and GU

Anyone got caught by the last H4 candle pull back?

I still hold my sell positions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,157
  • Oct 23, 2018 6:32am Oct 23, 2018 6:32am
USDCAD and USDCHF not going anywhere for two days, looking rather toppisch,.... be patient, it will move again.

both the D1 looks bullish but small candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,158
  • Oct 23, 2018 6:38am Oct 23, 2018 6:38am
Quoting Tekkies
{quote} Nice try Emmanuel. You don't even recall that that BigE posted those word's: #119..............On this method the TDI is King. All trades are signaled by it as well as exits... What do you call this? (a other contradiction Emmanuel? Not selling anything?) 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...
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.

How can the above be selling anything?

Both the TDI and Stochastics are oscillators, they are easy to learn and you don't need to spend 6,000 hours to learn them and see how they work in live market conditions.

Better spend more time learning Money Management, Risk Management and How to manage your trading psychology.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,159
  • Oct 23, 2018 6:47am Oct 23, 2018 6:47am
TMS Monitor pre-NY Open,

GBPUSD signal 'strong buy' as the original TMS conditions - HA close above the 5EMA and TDI slope threshold=4.

GBPUSD H4 last candle with TDI cross up but I would not trade against the D1 and W1.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Oct 23 pre-NY open.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,160
  • Oct 23, 2018 6:48am Oct 23, 2018 6:48am
Quoting Chenzo25
Manny and Tek going at it again?
Groundhog day
'in less than half an hour he made over 100 ticks'
71 traders viewing now, 1 is registered:
kola.bear020