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Trading Made Simple

  • #94,741
  • Mar 14, 2019 12:30am Mar 14, 2019 12:30am
Quoting emmanuel7788
{quote}......Important posts for Trading Made Simple for those with 3 to 5 years trading experience......
Why is it important posts for those with 3 to 5 years trading experience?
What about the rest of the trader's?
- Like those with 0 to 3 years trading experience?
- Like those with 6 to xxx years trading experience?
-----
Get it. Only certain post's are applicable to traders with a certain amount of trading experience per year.
-----
Now why did BigE not put those classification restriction in his post?
  • #94,742
  • Mar 14, 2019 2:22am Mar 14, 2019 2:22am
Quoting emmanuel7788
{quote} {quote} Good to re post#4278 in its entirety this below so that you get the complete context of that Big E post. For those who are new: I went to www.compassfx.com and downloaded their free TDI Indicator and put it into my indicator file. On the Chart: I copied the Synergy Template at www.compassfx.com I then removed everything off the TDI but the green and red... and saved it. The Synergy Template gives you the HA Candles on it. I then removed the two yellow lines...
WOOF, WOOF, WOOF.
Emmanuel.
Post#119..... On this method the TDI is King. All trades are signaled by it as well as exits... does that keep it simple. Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU !
Post#261..... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.
Post#270..... When I check my charts... I look to the TDI... then PA.

Please stop referring to Craig Harris Stochastics Method.
Trading Made Simple is not the same method as Harris Method.

You are only confusing reader's by doing that.
  • #94,743
  • Mar 14, 2019 2:49am Mar 14, 2019 2:49am
Quoting Tekkies
{quote} WOOF, WOOF, WOOF. Emmanuel. Post#119..... On this method the TDI is King. All trades are signaled by it as well as exits... does that keep it simple. Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU ! Post#261..... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. Post#270..... When I check my charts... I look to the TDI... then PA. Please stop referring to Craig Harris Stochastics...

@Tekkies,

looks like your mental ignore is not working. LOL.

don't we all read know that already that you do selective reading here.

and your reading comprehension skills is very lacking. you cannot link things posted by Big E in logical and chronological order.

Quoting eelfranz
Divergence, That was just one of many methods we discussed. Folks were getting confused by mixing up rules from different methods so this thread will only be about the 5 method.
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...

Here is a quick introduction to this Trading Made Simple thread:
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

The original indicators and template Post#25
If you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHS thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new system.

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 APB / HA candles and use that TDI Red Green version. These are in Post#25.

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.

Enjoy and Have fun during your learn to trade journey.

It gonna be another fun day ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,744
  • Mar 14, 2019 2:55am Mar 14, 2019 2:55am
Quoting Tekkies
{quote} Why is it important posts for those with 3 to 5 years trading experience? What about the rest of the trader's? - Like those with 0 to 3 years trading experience? - Like those with 6 to xxx years trading experience? ----- Get it. Only certain post's are applicable to traders with a certain amount of trading experience per year. ----- Now why did BigE not put those classification restriction in his post?
@Tekkies,

Have you read the OP's last post below?

Quoting eelfranz
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. Snarlyjack - Good to hear from you old friend. We have stood back to back in battle more than a few times. May your trades be blessed buddy. Come visit more often. Big E
If you had read, learned and understood his 463+ 861 posts, then you would have the answers.

Important posts for Trading Made Simple for those with 3 to 5 years trading experience.

Click and read One, Two and Three

If you do not follow these posts and use Big E chart templates setup, you are not trading TMS 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,745
  • Mar 14, 2019 3:14am Mar 14, 2019 3:14am
Quoting tadekcorona
Is this entry is not too late in your opinion {image}


Looking just at D1 chart alone, an entry when day open is good enough. Today open is APB#2 and yesterday was APB#1 is a REVERSAL candle.

Looking at previous price action PPA, there is a recent swing high 6 days ago and this is the most recent resistance seen to the left.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,746
  • Mar 14, 2019 3:22am Mar 14, 2019 3:22am
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...

Correction to the OP's post above.

The actual page number is Page 151 Post #3018 onwards.

reason is FF did some changes to the number of post per page (default) few years ago.

Post #3018 is where the OP shared his two templates.

That old thread has a mix of several methods/systems which the OP was subscriber to the two professional traders and their trading courses.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,747
  • Mar 14, 2019 3:40am Mar 14, 2019 3:40am
Quoting Tekkies
{quote} Follow TDI. After dropping the ball yesterday, following TDI with M15H1 with the simple rules (Post 94,406), one set up has recovered all lose yesterday. ----- a. Every-time M15 TDI makes a crossover: - check with V-Line if: b. H1 TDI green angle confirm the same direction. c. Both TDI green are: - Between 2 / 4 no trade. - Between 2 / 1 and 4 / 5 are good signals to enter a trade. - Between 12 / 1 and 5 / 6 are the best signals to enter a trade. d. Both Stoch...
Follow TDI.
M15H1 did it again. a Pity that trade was closed to early. That re-enforce the rules.
That trade would have run the full course: From M15 > M30 > H1 > H4 > D1.
The account did grow and that is all that matter. (mmmm Really? Will have to think about that one.)
M15H1 got a little confused after London close / New York session.
- Would Price have triggered BE?
- When is a loss part of trading?
The method rules are met and the trade is from point of "ENTER" wrong?
---
With posting this setup, it looks like a other one of those "wrong" ENTERS.
Attached Image (click to enlarge)
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  • #94,748
  • Mar 14, 2019 3:43am Mar 14, 2019 3:43am
Quoting Tekkies
{quote} WOOF, WOOF, WOOF. Emmanuel. Post#119..... On this method the TDI is King. All trades are signaled by it as well as exits... does that keep it simple. Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU ! Post#261..... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. Post#270..... When I check my charts... I look to the TDI... then PA. Please stop referring to Craig Harris Stochastics...

Hey Tekkies,

I know why you are confused now.

Post#261 say these: Read the complete post in its entirety to get the full picture and meaning.

Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...

The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...

But then the OP explained the confusion in his Post#7612

it says for 'for the conservative trader..."

WHEN TO EXIT -----------------

OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.

However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,749
  • Mar 14, 2019 3:47am Mar 14, 2019 3:47am
Quoting Tekkies
{quote} Follow TDI. M15H1 did it again. a Pity that trade was closed to early. That re-enforce the rules. That trade would have run the full course: From M15 > M30 > H1 > H4 > D1. The account did grow and that is all that matter. (mmmm Really? Will have to think about that one.) M15H1 got a little confused after London close / New York session. - Would Price have triggered BE? - When is a loss part of trading? The method rules are met and the trade is from point of "ENTER" wrong? --- With posting this setup, it looks like a other one of those "wrong"...

DE30 Mar 14 London Open hour,

When this LO candle completes, it is also the H4 candle closed.

Looks like all 3 timeframes M15 , H1 ad H4 are in synergy. I send one more buy order into my open basket.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 14 M15 H1 H4 LO 14-03-2019 16-43-21.png Size: 93 KB


This is high probability trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,750
  • Mar 14, 2019 3:50am Mar 14, 2019 3:50am
Quoting emmanuel7788
{quote} @Tekkies, looks like your mental ignore is not working.
Thank you for the reminder.
The only valuable sentence in that post.
  • #94,751
  • Mar 14, 2019 4:13am Mar 14, 2019 4:13am
Quoting Tekkies
{quote} WOOF, WOOF, WOOF. Emmanuel. Post#119..... On this method the TDI is King. All trades are signaled by it as well as exits... does that keep it simple. Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU ! Post#261..... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. Post#270..... When I check my charts... I look to the TDI... then PA. Please stop referring to Craig Harris Stochastics...

@Tekkies,

You must read the entire Post#270 in its context when that discussion was ongoing between members.

Post#270 was clearly about when Big E has open trades he would check the TDI for exit before he decided on the PA. remember one very important thing, he used the TDI Red Green from Post#25 which was the first version by CompassFx 2006/2007 period. During a 4H period, when he has open trade and the TDI already show his TDI exit condition (conservative) say in the first hour of the 4 hours, he would have to exit and not wait for the PA. He cut loss very fast... conservative.

That highlighted paragraph say ''' 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 and keep the pips... you don't have to wait for the next candle to exit. Grab your money and run to a new trade...


Post#270 below in FULL:

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 and keep the pips... you don't have to wait for the next candle to exit. Grab your money and run to a new trade...

A lot of the problems are people trading 5min-1hr charts... your setting yourself up for failure in most cases...

I use to trade the first 2 hours of the NY Session on the 15min charts. Since I no longer trade 15min charts I shut down at 6am my time (9am NY). At about 8am my time (pacific) the market starts to range normally... it's self destruct to trade ranging markets.. If I did trade the first couple of hours I'd scalp it on a 4hr chart if I get a set up...

If the TDI straight green line tweeks it's angle... pay close attention... check everything... it's warning you something has changed or is about to...

A lot of confusion...really?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,752
  • Mar 14, 2019 4:17am Mar 14, 2019 4:17am
Quoting Tekkies
{quote} You are late with that entery!!! Post#6: Entries and exits... - We Enter a trade when green crosses red on the TDI at the beginning of that candle... - If it's candle 3 or more don't enter... find another trade set up. - The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... {image}

@Tekkies,

here is another of your confusion because of your selective reading.

Post#6: Entries and exits... - We Enter a trade when green crosses red on the TDI at the beginning of that candle... - If it's candle 3 or more don't enter... find another trade set up. - The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

Read Post#351 screenshot below:
You can enter on candle #3 when PA shows price momentum.... Green line tweek.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E Post 351 3rd candle entry.png Size: 130 KB


there are more... be patient, very patient.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,753
  • Mar 14, 2019 4:34am Mar 14, 2019 4:34am
Quoting emmanuel7788
{quote} DE30 Mar 14 London Open hour, When this LO candle completes, it is also the H4 candle closed. Looks like all 3 timeframes M15 , H1 ad H4 are in synergy. I send one more buy order into my open basket. {image} This is high probability trading.
This post should be pinned. It shows the power of MTF analysis and timing. Good call Emmanuel.
  • #94,754
  • Edited 6:20am Mar 14, 2019 5:20am | Edited 6:20am
Quoting Tekkies
{quote} Follow TDI. M15H1 did it again. a Pity that trade was closed to early. That re-enforce the rules. That trade would have run the full course: From M15 > M30 > H1 > H4 > D1. The account did grow and that is all that matter. (mmmm Really? Will have to think about that one.) M15H1 got a little confused after London close / New York session. - Would Price have triggered BE? - When is a loss part of trading? The method rules are met and the trade is from point of "ENTER" wrong? --- With posting this setup, it looks like a other one of those "wrong"...
Now why did that happen?
SL saved some pips.
Trading the pull-back.
All indicators will be wrong now
Attached Image (click to enlarge)
Click to Enlarge Name: 14032019Donderdag pullback.PNG Size: 57 KB

Enough time has passed. Safe to trade again?
Would not know.
-----
Hindsight trading:
Even with out SL M15H1 would still walk away with some account growing.
The question will always be:
- What were you doing when that took place?
- How fast were you to close that Buy entery?
- How fast did you place an Sell entery?
Attached Image (click to enlarge)
Click to Enlarge Name: 14032019Donderdag waar was jy.PNG Size: 55 KB
  • #94,755
  • Edited 7:17am Mar 14, 2019 6:19am | Edited 7:17am
Quoting emmanuel7788
{quote} DE30 Mar 14 update SWING Trading That H4 REVERSAL candle worked out very well. Trade exactly following Post#261 and to see if that reversal will eventually run 3 to 8 candle. So far, we have seen the swing is its 5th candle. I made my 10% for this current 20-trading days. The remaining two weeks till end-March will be bonus. All you need is to look for potential swings in the price. Each swing starts with only one REVERSAL, that's all you need, one reversal candle per swing. Trade H4 following Big E's posts only but I add my own money management...
Hi Emmanuel,

May i ask in this above example, once reversal is identified in H4, you entered a trade. Do you manage the trade on H4 chart? Why i ask it's because for example, H4 reversal confirmed above 5ema. I entered long. In the course of the trade sometimes H1 and M15 will have a pullback and price drop below 5ema, especially M15 zigzag up down 5ema. H4 still up. My question is should i exit the trade when price drop below 5ema in H1/M15 or only exit when H4 price falls below 5ema? Thank you.
  • #94,756
  • Mar 14, 2019 1:49pm Mar 14, 2019 1:49pm
Is there a up-to-date summary to the whole thread? It has been quite confusing to jump pages to find small updates of the system

Thank you in advance!
  • #94,757
  • Mar 14, 2019 3:46pm Mar 14, 2019 3:46pm
Quoting darth6
Is there a up-to-date summary to the whole thread? It has been quite confusing to jump pages to find small updates of the system Thank you in advance!
Updated summary: BigE full.pdf.
Download it, study it, practice it on demo or live account. Do google search on questions you might have for member's will give you answers on how they understand the contend of what BigE has meant with that post.
-----
Sample of how to study.
Post 90,528
Post 84,888
Post 84,947
Post 78,030
  • #94,758
  • Mar 14, 2019 5:47pm Mar 14, 2019 5:47pm
Quoting darth6
Is there a up-to-date summary to the whole thread? It has been quite confusing to jump pages to find small updates of the system Thank you in advance!

Hi darth6

Your question:
Is there a up-to-date summary to the whole thread? YES.

It has been quite confusing to jump pages to find small updates of the system
This 'system' by Big E is still the same. No change, no updates. Big E traded his 'system' and we will never know if he would be profitable trading it today. He died in 2012. Read Post#1 to Post#12,912 and take notes when your read, study, learn...

If you really want to learn from Big E's trading journey starting like any newbie, then read this post and follow the OP trading journey. The is no guarantee that you will make money here. But you must learn EVERYTHING that he knew. But you don't need EVERYTHING to make money.
Post#94,432

Your profile says you are trading from Malaysia. Don't spend any more time in this thread. There is a better system BBMA strategy by OmaAlly. I am sure you will find teachers and mentors in your country to guide you in real person and you will get any proof you ask them. However, the thread is in the Commercial forum for obvious reasons.

https://www.forexfactory.com/showthread.php?t=724759

Be warn!

DO NOT spend too much time on the TDI and Stochastics,
Spend more time on Price Action and Support/Resistance.
Spend more on Money Management, Risk Management for entries and exits, When and How to Let Profits Run.
Spend even more time to develop your Mental Strategies when you trade the markets.
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
  • #94,759
  • Mar 14, 2019 6:04pm Mar 14, 2019 6:04pm
Quoting mi5mi6
{quote} Hi Emmanuel, May i ask in this above example, once reversal is identified in H4, you entered a trade. Do you manage the trade on H4 chart? Why i ask it's because for example, H4 reversal confirmed above 5ema. I entered long. In the course of the trade sometimes H1 and M15 will have a pullback and price drop below 5ema, especially M15 zigzag up down 5ema. H4 still up. My question is should i exit the trade when price drop below 5ema in H1/M15 or only exit when H4 price falls below 5ema? Thank you.

Hi,

YES.

When I trade 4H swings, I manage using H4. I have my trailing stop and look at PA. I do not wait for TDI flat,hook, check-mark,... which are lagging PA.

When you use the TDI Red Green Post#25, you will see the price pull back and the TDI will not react until that H4 bar closes.
Therefore if you follow TDI flat, hook, check-mark, which are conservative exit, you can lose more money than you use PA to exit your trade.

When you Follow PA also in your exit strategy like Big E mention in his post 1060, the loss was much smaller had he waited for the TDI hook back the loss would have been larger.

Lots of other posts he mentioned PA as his exit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,760
  • Mar 14, 2019 6:33pm Mar 14, 2019 6:33pm
DE30 Mar 15

A new price pattern which we never talked about before.

We have seen many examples on Inside Bars, Double Inside Bars, Pop Gun, etc. which we learn from the Best of Traders Classroom by Jeffrey Kennedy

[Download pdf] to follow the next pattern. Page 22 onwards.

now we have the next one.


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 15 M15 H1 H4 arrow pattern.png Size: 100 KB


BTW, when this week' Weekly bar/candle closes, we will know what the Market Type would be for next week's trading. I am looking forward to new Market Type. It can help me grow my DE30 account and I work harder to double that account real soon.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 11 Mar 15 Tok 15-03-2019 07-31-10.png Size: 22 KB


Stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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