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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #95,401
  • Apr 30, 2019 3:15am Apr 30, 2019 3:15am
Post#647 Read, study and learn

Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look...
<>
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area
...
<>

USDCAD Apr 29 H4 is a good example of H4 consolidation seen using the Master Candle.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 18 Apr 29 H4 MC3 30-04-2019 16-05-29.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,402
  • Apr 30, 2019 3:24am Apr 30, 2019 3:24am
Hey Folks,

You want to trade using the TDI, the OP of this thread posted links where you can learn the TDI by its creator.

https://www.forexfactory.com/showthr...83#post3345383

https://www.forexfactory.com/showthr...10#post3345410

https://www.forexfactory.com/showthr...34#post3345434

When you are there, watch all his latest tutorial videos after the OP of this thread has died.

You will learn about the TDI a lot more and also the Master Candle I talk about often in this thread.

learn EVERYTHING and you can decide what to use that can help you trade better and even can make some money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,403
  • Apr 30, 2019 3:37am Apr 30, 2019 3:37am
DE30 Apr 30 H1 London Open candle

yesterday we had one LO setup candle that took many by surprise.

today, similar setup candle,

but we shall see how this will play out later.


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr 29 and 30 LO candles 30-04-2019 16-32-32.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,404
  • Apr 30, 2019 3:37am Apr 30, 2019 3:37am
Thanks, I'm really enjoying my charts with the TDI added on.
Only recently started following and reading the thread, thanks for this.
Started my full time trading journey yesterday.
  • #95,405
  • Apr 30, 2019 3:42am Apr 30, 2019 3:42am
Quoting bluexpec
Thanks, I'm really enjoying my charts with the TDI added on. Only recently started following and reading the thread, thanks for this. Started my full time trading journey yesterday.



very good.

learn it well, study and master how it work in different realtime market conditions and you will have this nice TDI as your trading tool to make some money.

enjoy and have a smooth your trading journey
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,406
  • Apr 30, 2019 3:44am Apr 30, 2019 3:44am
Hi,

I found this thread and it looks very interesting.

I would like to learn this and hopefully will benefits from it. The setup seems very simple and yet effective.

Thanks for sharing.

Sean
  • #95,407
  • Apr 30, 2019 4:28am Apr 30, 2019 4:28am
Quoting jpack
Hi Guys! What to do with such situations? I think I did everything theoreticly correct. I mean I enter on 2 candle after TDI cross, stoch was ok. but price go down Best regards jpack {image}
The way I see it you did nothing wrong. Your stop should have been a few pips below the last swing low in order to give you a chance of staying in the trade. You would then have had a couple of opportunities to close out even from what I can see on the chart. Trading will never be a sure fire thing, there are no guarantees. But you do have to give your trade a chance to play out. Don't lose faith, I am sure you will come out on top by sticking to the rules.
  • #95,408
  • Apr 30, 2019 4:41am Apr 30, 2019 4:41am
Just take a long on Cad/Joy. Set up looks good on the hourly.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190430-103922.png Size: 167 KB
  • #95,409
  • Apr 30, 2019 4:52am Apr 30, 2019 4:52am
USDCAD Apr 30 H4 reversal candle London session

risk is selling into support!

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Apr 30 H4 reversal candle 30-04-2019 17-46-43.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,410
  • Apr 30, 2019 6:17am Apr 30, 2019 6:17am
Quoting gj7rwt
{quote} The way I see it you did nothing wrong. Your stop should have been a few pips below the last swing low in order to give you a chance of staying in the trade. You would then have had a couple of opportunities to close out even from what I can see on the chart. Trading will never be a sure fire thing, there are no guarantees. But you do have to give your trade a chance to play out. Don't lose faith, I am sure you will come out on top by sticking to the rules.

good post... encouraging
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,411
  • Apr 30, 2019 6:18am Apr 30, 2019 6:18am
Quoting gj7rwt
Just take a long on Cad/Joy. Set up looks good on the hourly. {image}

good setup candle.

it is a reversal price candle with Stcohastics cross and TDI Green cross red too...

you will do well with discipline and wait for the best setups to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,412
  • Apr 30, 2019 6:22am Apr 30, 2019 6:22am
Quoting seanmykie
Hi, I found this thread and it looks very interesting. I would like to learn this and hopefully will benefits from it. The setup seems very simple and yet effective. Thanks for sharing. Sean

Very good that you want to learn. but first learn EVERYTHING that the OP of this thread knows.

Follow his trading journey by reading, studying and understanding every of his posts in Forex Factory and learn EVERYTHING he knows.

If you need a reference post where to start, below is a summary:

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
  • #95,413
  • Apr 30, 2019 6:28am Apr 30, 2019 6:28am
Quoting emmanuel7788
DE30 Apr 30 H1 London Open candle yesterday we had one LO setup candle that took many by surprise. today, similar setup candle, but we shall see how this will play out later. {image}

DE30 Apr 30 H1 price action bounce and TDI confirms ...

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Apr 30 H1 price action bounce with TDi confirm 30-04-2019 19-25-22.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,414
  • Apr 30, 2019 10:26am Apr 30, 2019 10:26am
Follow TDI with M15H1
Same rules, same setups, day in day out.
----
The bit more info regarding TDI. There are two types of entry's with the crossover. Look at the blue dot's.
First chart:
Left chart - TDI is waiting for the cross over to happen.
Right chart - TDI already took the cross over when green crossed red while the current bar(0) was forming.
Second chart:
Left chart - TDI placed the cross over (V-Line) one bar back.
Right chart - TDI crossover is still the same.
Now the two crossover's (V-Line's) are at the same bar(1)
----
Third chart: Hindsight trading with the right side method.
Fourth chart: Hindsight trading with the left side method.
Trendline:
Blue = Profit.
Yellow = Loss.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 30042019Dinsdag twee tipe kruis 1.PNG Size: 42 KB
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  • #95,415
  • Edited 11:02am Apr 30, 2019 10:49am | Edited 11:02am
Question:
Do you stay with the rules or do you bend the rules?
----
Blou dot > Perfect bounce trade.
First chart:
- M15 > green bounce red, angle above 1.
- H1 > green has crossed red already, angle above 1.
- Both Stoch confirm direction.
-----
This bounce was a good one, what about those that did not bounce enough?
----
Second chart:
V-Line > Fake bounce
- M15 > Green bounce red, Stoch confirm direction, angle above 1
- H1 > Green flat, Stoch does not confirm direction
Attached Image (click to enlarge)
Click to Enlarge Name: 30042019Dinsdag bounce.PNG Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 30042019Dinsdag bounce 2.PNG Size: 63 KB
  • #95,416
  • Apr 30, 2019 11:21am Apr 30, 2019 11:21am
Quoting emmanuel7788
USDCAD Apr 30 H4 reversal candle London session risk is selling into support! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Apr 30 H4 reversal candle 30-04-2019 17-46-43.png Size: 74 KB


USDCAD Apr 30 H4 Price Action UPDATE:

if you took the risk and sell with that reversal candle, how did you manage your trades and your emotions seeing that price pulled back from the support?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Apr 30 PA w Stoch TDI 01-05-2019 00-14-57.png Size: 62 KB


Trading is about your mental strategy to manage with your emotions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,417
  • Apr 30, 2019 11:53am Apr 30, 2019 11:53am
Quoting Tekkies
Question: Do you stay with the rules or do you bend the rules? ---- Blou dot > Perfect bounce trade. First chart: - M15 > green bounce red, angle above 1. - H1 > green has crossed red already, angle above 1. - Both Stoch confirm direction. ----- This bounce was a good one, what about those that did not bounce enough? ---- Second chart: V-Line > Fake bounce - M15 > Green bounce red, Stoch confirm direction, angle above 1 - H1 > Green flat, Stoch does not confirm direction {image} {image}
Good questions!

Tekkies ask questions, to learn we must attempt and answer his questions.


Q1. Do you stay with the rules or do you bend the rules? -

Answer: After you have read, studied and learn the method, you must practice, practice, practice and have mastered trading the method you will then know when to break your own rules.

Q2. This bounce was a good one, what about those that did not bounce enough?

Answer: Those bounce which do not show price action like the 1-2-3, we should know when to pick only the best setups. Lke in his chart with blue circle marked, I see the price action - price made a move high, pulled back and push higher , the RSI price line follows the Close price and will show a bounce after the pullback.


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post 1-2-3 01-05-2019 00-34-32.png Size: 255 KB


Big E Post#296 ... on practice, practice, practice

https://www.forexfactory.com/showthr...66#post2325866
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,418
  • Apr 30, 2019 12:05pm Apr 30, 2019 12:05pm
Quoting hikaru259
{quote} Hi Emmanuel I hope you have a nice weekend. Could you please spend for me some time to share a better view in your entry and exit of DE30 week16. Maybe some screenshot or anything like that on you entry timeframe, H4 I guess. It will help me to learn much from how your entry and exit and your MEME/building position. Thank you. Son Nguyen
DE30 Trades closed Apr 29 and 30 - Month End closing.

Hi hikaru259,

You asked for a better view of my trade entries and exits, I show them in M5 as most of my trades are done every 4-hours and when I am manually trading and managing, I wait for 4 hour candle period to close.

below are examples of trade taken last week and closed yesterday and today - its month end, I close all and tomorrow start a new month clean.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 trades closed Apr 29 and 30 M5 details 01-05-2019 00-57-29.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,419
  • Apr 30, 2019 12:20pm Apr 30, 2019 12:20pm
Quoting gj7rwt
Just take a long on Cad/Joy. Set up looks good on the hourly. {image}
Just closed this long position at 83.05
The 4hour chart is still looking good for more pips but I am switching off for the evening so happy to bank some green pips.
This trade is a good example of the importance of setting your s/l at a level which allows the trade run its true course whilst maintaining good mm practices.
  • #95,420
  • Apr 30, 2019 12:21pm Apr 30, 2019 12:21pm
Quoting gj7rwt
Just take a long on Cad/Joy. Set up looks good on the hourly. {image}

Hi gj7rwt,

How did you manage that H1 trade?

I did a quick POMO review below and follow up today.

Compare your H1 trade (A) and later another H1 setup (B) which I compare using the MACD(2,13,7) to replicate the TDI.

study both the TDI cross and MACD cross.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY Apr 30 POMO 01-05-2019 01-15-36.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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