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Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #95,141
  • Apr 5, 2019 7:59pm Apr 5, 2019 7:59pm
Quoting bodal
{quote} Hi Emmanuel , thank you to give us the video about the risk management techniques but could you be so kind to advise and direct me toward something written in order to better understand what "lotto" or "insurance" techniques are ? Thanks in advance.

Hi bodal,

do you have questions related to the two models - Lotto model and Insurance model in that video by Boris Schloeßberg?

using the two models, we create our own CashFlow model and trade with TMS.

Instead of risking 15% to 30% per trade the way Big E did with his $10k deposit, we swing trade with multiple entries of small lot size in single basket of trades.

See this Post#82,845.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,142
  • Apr 5, 2019 8:05pm Apr 5, 2019 8:05pm
Quoting emmanuel7788
...My trade updates below: Apr 01 - 1 win, 1 loss Apr 02 - 4 wins, Apr 03 - one open position.... running {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr02 last trade TP SL 03-04-2019 03-15-17.png Size: 43 KB



DE30 Week 14 Apr 01 to Apr 04 trades closed...

shown below in M15

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 All trades closed Apr 01 to Apr 04 05-04-2019 08-24-31.png Size: 59 KB



Stay tuned for trade plan for next week 15, Apr 08 to 12.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,143
  • Apr 6, 2019 2:01am Apr 6, 2019 2:01am
Quoting emmanuel7788
{quote} Hi bodal, do you have questions related to the two models - Lotto model and Insurance model in that video by Boris Schloeßberg? using the two models, we create our own CashFlow model and trade with TMS. Instead of risking 15% to 30% per trade the way Big E did with his $10k deposit, we swing trade with multiple entries of small lot size in single basket of trades. See this Post#82,845.
Thank you for your answer . Can you direct me toward the posts about your cashflow model please ?
Best regards
  • #95,144
  • Apr 6, 2019 6:54pm Apr 6, 2019 6:54pm
Quoting bodal
{quote} Thank you for your answer . Can you direct me toward the posts about your cashflow model please ? Best regards

first, tell me how much money$$$ do you want to make in the next 36 months?

then we can talk about a plan how to generate monthly cash flow to help you achieve that.

anyone else can also reply this post.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,145
  • Apr 7, 2019 1:28am Apr 7, 2019 1:28am
Quoting emmanuel7788
{quote} {image} DE30 Week 14 Apr 01 to Apr 04 trades closed... shown below in M15 {image} Stay tuned for trade plan for next week 15, Apr 08 to 12.
Hi Emmanuel, may i ask how to you plan stoploss for MEME? Say, Trade 1 long, price move lower, every 20 pips drop open 1 long trade ( up to a basket of 5). But by then Trade 1 would have already lost 100 pips. So i still can't figure out this part. Thank you.
  • #95,146
  • Apr 7, 2019 8:16am Apr 7, 2019 8:16am
Hi Emmanuel, can you link me to the indicator of TMS-II and details in chart or previous posts to follow? Thank you so much.
  • #95,147
  • Apr 7, 2019 9:29am Apr 7, 2019 9:29am
Quoting Tekkies
{quote} Use the search function or paperclip top right. TDIAngle.mq4 ----- Read the User Guide that way you don't have to ask member's for something that has been posted already.
why dont it for me?
  • #95,148
  • Apr 7, 2019 1:12pm Apr 7, 2019 1:12pm
Quoting amiralifx
{quote} why dont it for me?

see this post:

#12,357

https://www.forexfactory.com/showthr...76#post5015776

test that when market opens because I don't think it works correctly and you will lose more money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,149
  • Apr 7, 2019 1:20pm Apr 7, 2019 1:20pm
Quoting hikaru259
Hi Emmanuel, can you link me to the indicator of TMS-II and details in chart or previous posts to follow? Thank you so much.
Hi hikaru259,

TMS-II is for the more experienced TMS traders.

As a first time visitor, you must first learn the OP' TMS 5-Method and master that.

Introduction to Trading Made System


To learn what Trading Made Simple is, you have to follow the trading journey of the OP eelfranz aka Big E. He started as a newbie in 2008. Know the history and you will learn a lot from the OP and when you have mastered the 5-Method, you can then move on and develop your own trading system following how he did his. I have moved on after 7 years.

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
When 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.

Important to 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 learning journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,150
  • Apr 7, 2019 1:40pm Apr 7, 2019 1:40pm
Quoting mi5mi6
{quote} Hi Emmanuel, may i ask how to you plan stoploss for MEME? Say, Trade 1 long, price move lower, every 20 pips drop open 1 long trade ( up to a basket of 5). But by then Trade 1 would have already lost 100 pips. So i still can't figure out this part. Thank you.

GBPUSD Week 15 TMS MEME trade plan

Week 15 Apr 08 to 12 trading and managing on the D1 chart.

Sell on Monday open, initial SL is above the Weekly high 1.3382 , - 380 pips.

The 100-days ADR is about 120 pips, use 0.5 adr for ME order distance. Maximum 5 positions in one basket. Manage using the average entry price of all open positions in one basket.

*** Do Not use 20 pips for order distance.

Use % of your trading capital and do Position Sizing. If you risk say 1% your loss will be 1% no matter how many pips you lose.

I will post my trades when market opens.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 15 W1 iSL cut loss 08-04-2019 02-25-35.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,151
  • Apr 7, 2019 3:48pm Apr 7, 2019 3:48pm
Quoting hikaru259
Hi Emmanuel, can you link me to the indicator of TMS-II and details in chart or previous posts to follow? Thank you so much.
Hikaru

This is wrong:
Always check the #1- Price Action first, then #2- TDI Post#3142

That post is from Craig Harris Stochastics Method from which is different method and rules than Trading Made Simple

Post 119 ..........On this method the TDI is King. All trades are signaled by it as well as exits...
Post 26.............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.

Take note: BigE underlined how imported it is to look first at TDI .... then PA.

Don't mix the two methods. You will take your account to margin-call.
  • #95,152
  • Apr 7, 2019 6:17pm Apr 7, 2019 6:17pm
Quoting Tekkies
{quote} Hikaru This is wrong: Always check the #1- Price Action first, then #2- TDI Post#3142 That post is from Craig Harris Stochastics Method from which is different method and rules than Trading Made Simple Post 119 ..........On this method the TDI is King. All trades are signaled by it as well as exits... Post 26.............The...


@Tekkies,

read, study and learn. use your brain when you learn.

in this TMS thread, the OP said this:
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...
Quoting bigjim1958
Hey Big E: I've downloaded the HA template on the thread and noticed your candles are different then mine. Have you changed any settings or do you think it's because I'm on a demo account. Thanks Jim
the question by bigjim1958 above,
one of his point asked was candles are different, why are his candles different?


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...
Big E reply above,

<>
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...
<>

by now everyone knows Post#261 and Post#647 very well.

then Post#2617

read, study and learn EVERYTHING. But you don't need EVERYTHING to make money trading the way Big E did.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,153
  • Apr 7, 2019 6:28pm Apr 7, 2019 6:28pm
Quoting Tekkies
{quote} Hikaru This is wrong: Always check the #1- Price Action first, then #2- TDI Post#3142 That post is from Craig Harris Stochastics Method from which is different method and rules than Trading Made Simple Post 119 ..........On this method the TDI is King. All trades are signaled by it as well as exits... Post 26.............The...

@Tekkies,

You read selectively because you spend too much time on the TDI.

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...
Do Not read selectively. Read the post in its entirety and the previous posts above from 141 to 269.

Post#270 talked about when the OP was managing trade in progress. He did not say wait for next candle TDI signal to exit. So he broke his TDI Post#25 exit rule...."Grab your money and run....."

The OP also said people trading 5min - 1hr chart fails in most cases.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,154
  • Apr 7, 2019 6:47pm Apr 7, 2019 6:47pm
Confusion about TDI exits....

Quoting eelfranz
Klops... I generally quit trading at 6am Pacific (9am est). Why? The market might cook some for the next hour or two but unless there is a hot news announcement during the day... the market pretty much peters out and ranges... I don't want to be trading in that junk. Thats where dealers make most of your money is ranging markets and 5-15 min time frame trading... you got to quit trading those trash time frames. Granted there are 2 out of 100 who can Kick bootie there but chances are your in the 98% who can't. I hear it over and over traders complaining...
Again, we must not read selectively this Post#119 above. We must first read that member klop's post and questions
Quoting Klops
eelfranz, With your 4hr nightly approach - according to the candles that you trade (10pm, 2am and 6am Pacific Time), you only trade the London session and close all your positions at 6:00am (PT)... just when New York is 0.5hr into its session and after the usual 5:30am(PT) U.S. news release. May I ask why? ...Is it because NY gives us frequent reversals?... Nice system! Thanks!
The OP's reply was selectively cut-and-paste by some0ne because he spends too much time and become obsessed with the TDI being the king.
<>
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 !
<>


But then there is this OP's Post#7612 below:

Quoting eelfranz
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. {image}

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.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E non-TDI exit 7612 08-04-2019 07-36-37.png Size: 151 KB


So what his training chart above taught us is there is another exit which is not conservative ...aggressive exit

It is your choice as the trader, do you follow conservative exit or the aggressive exit.
Aggressive exit leads to more profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,155
  • Apr 7, 2019 6:51pm Apr 7, 2019 6:51pm
its amazing you 2 talk about the same thing day in and day out interpreting a newbie trader like big e who never proved he made a penny. tekkies a hobby trader there fore he cant by nature help anyone and you emmanuel are all over the place with ideas just some corrective criticions
  • #95,156
  • Apr 7, 2019 7:12pm Apr 7, 2019 7:12pm
P
Quoting Divergence
its amazing you 2 talk about the same thing day in and day out interpreting a newbie trader like big e who never proved he made a penny. tekkies a hobby trader there fore he cant by nature help anyone and you emmanuel are all over the place with ideas just some corrective criticions


hey Divergence,

I recall the OP's Post#5 very well and some0ne confused your name with technical divergence.

in my learning journey I learned EVERYTHING , like some0ne did say, the wind blows north I go north, the wind blows south I go south. simply put I follow where the wind blows.

at the end, I don't need EVERYTHING to make some money.

BTW, I am also learning and practising your 123 and 2b setups. Those Joe Ross stuff really good. My goal 2020 is on radar ... it is back to the futures.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,157
  • Apr 7, 2019 7:16pm Apr 7, 2019 7:16pm
Quoting emmanuel7788
{quote} {image} DE30 Apr 03 London closed UPDATE Did better than what I see on my chart today. It broke that 11827 and with European markets closed, unlikely it will move higher to 12089. There should be no selling today in a strong uptrend, instead buy the dips in strong uptrend market type. Be careful now, corrective waves are not reversal. To see a reversal I want to see at minimum 2 D1 bars/candles or 5 H4 bars/candle. H1 and M15 are all noise to me. Like Big E, I prefer to trade H4 and D1 with Weekly view. {image}

DE30 Week 15 Apr 08 update:

Last Friday closed small candle Inside Bar. This week opportunity for a breakout.

I will work harder this week and try my best and add more money to my last week's profit $9,677. Be prepared to give back 50% of that.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 15 Apr 08 Tokyo 08-04-2019 08-02-55.png Size: 41 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 All trades closed Apr 01 to Apr 04 05-04-2019 08-24-31.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,158
  • Apr 8, 2019 12:18am Apr 8, 2019 12:18am
Quoting emmanuel7788
{quote} first, tell me how much money$$$ do you want to make in the next 36 months? then we can talk about a plan how to generate monthly cash flow to help you achieve that. anyone else can also reply this post.
As you wrote : "read, study and learn. use your brain when you learn" , so I was just curious to learn what your "cash flow model" was ?
I do prefer something written because of my poor english but I saw the video about lotto or insurance risk management techniques and I would like to understand your model. Just for learning !
So , thank youi and best regards.
  • #95,159
  • Apr 8, 2019 1:14am Apr 8, 2019 1:14am
Quoting bodal
{quote} As you wrote : "read, study and learn. use your brain when you learn" , so I was just curious to learn what your "cash flow model" was ? I do prefer something written because of my poor english but I saw the video about lotto or insurance risk management techniques and I would like to understand your model. Just for learning ! So , thank youi and best regards.
You're probably on the wrong thread if you want to make money trading. With 8 people viewing Emmanual is pretty much talking to himself these days but he still gets a buzz out of it so each to their own. If you're serious about making money and want to follow threads on the FF I'd suggest visiting Davits Pivot thread but only if you've been trading at least 2 years and understand PA etc. Good luck on your journey!
Ardua Ad Astra Per
  • #95,160
  • Apr 8, 2019 2:28am Apr 8, 2019 2:28am
DE30 Apr 08 Frankfurt Open and London Open

The FO H1 candle is a REVERSAL candle with Stochastics cross signal and also the TDI red Green (post#25) also produced a good signal.

After that FO reversal candle, then taking a M15 entry would be valid. But I prefer to wait another hour until the LO+1 candle closed to see what the H4 says.

That will be Big E' 2AM H4 candle. There was a 10PM candle but not the best looking so I skipped that.

Now WAITING ....

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr08 M15 H1 H4 LO 08-04-2019 15-21-19.png Size: 101 KB


Have a good trading week folks,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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