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

Monitor for 'Trading Made Simple' system 563 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

Attachments: Trading Made Simple
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Trading Made Simple

Quoting eelfranz
When you see a TDI cross that doesn't look good... start checking other timeframes for the trade... look at other templates at different timeframes... do a thorough investigation before entering any trade. If you do this faithfully your win rate will increase dramatically... If its not quite ready put it on a watch list and go back and check it every 5,15 or 30 minutes...
Like Big E used to do, I like to check at other templates and different timeframes when I am trading.

Amazing since Big E passed away, there are some many variations to Trading Made Simple some are really very good additions and improvements over the past 7 years.
The latest Trading Made Simple(r) by RobinHood shows improvements to find better trade entries removing the TDI completely and use only the RSI(14) line.
https://www.forexfactory.com/showthread.php?t=917569

The other improve variation is the Method_1 and Method_2 by mehdi343.
https://www.forexfactory.com/showthread.php?t=588548
But his thread is now in the Commercial Content forum. His Method-1 and Method_2 works much better using the Stochastics (14,3,3) as the primary indicator.

There are similarity of these two variations and when we combine the use of their templates, it will give us more confidence to find good trades. It is how Big E used to do when he started in 2008 till 2011, he took different systems and blended them to find improvements.

Ultimately, we are all here to trade and make money....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Pippopotamus
{quote} Hi rj, After the fact is not the best way to show trades. There are some traders at FF who appear to win an unusually high pct. of their trades. These same traders rarely, if ever, show a trade from beginning to end with status reports. When they do show a trade, it is usually at a point at which the trade is a few pips from hitting TP. This is not convincing at all. ...Many green pips, Pippo

I agree. However, the only 4 (3 or 4 I forget now) trades I've posted here recently have been 2 (or 3) winners and one where I got kicked out at BE. I don't mind to show losing trades!!

The point of my post was not to show trades per se, but to illustrate that scaling in to winning trades can turn an ok trade into a fairly decent earner, where adding to losing trades can (at best) take time while you're in drawdown, or at worst, turn into a total loss after much waiting. A better way, imo, is to be patient and wait for the right entry, and then capitalize upon that entry.
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting emmanuel7788
{quote} Like Big E used to do, I like to check at other templates and different timeframes when I am trading. Amazing since Big E passed away, there are some many variations to Trading Made Simple some are really very good additions and improvements over the past 7 years. The latest Trading Made Simple(r) by RobinHood shows improvements to find better trade entries removing the TDI completely and use only the RSI(14) line. https://www.forexfactory.com/showthread.php?t=917569 The other improve variation is the Method_1 and Method_2...
The Mehdi topic seems to be dead.
Quoting realjumper
Add trades to winning entries, not to losing entries. No multiple templates, no gimmick-ware....no bullshit..... {image}
Great entries RJ!!
Quoting lddd
{quote} The Mehdi topic seems to be dead.

well, the OP went commercial at one point and members stopped following. there are also other reasons...

but his two methods 1&2 are good and can supplement Big E's 5-Method and remove those discretionary trade decisions.

Just Read Post#1,3,4,5 and 6 that all you need to learn Mehdi' Methods 1 and 2.
https://www.forexfactory.com/showthread.php?t=588548

But when you come to Post#5661, you will have doubts again with TDI. But I have a simple solution to that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} well, the OP went commercial at one point and members stopped following. there are also other reasons... but his two methods 1&2 are good and can supplement Big E's 5-Method and remove those discretionary trade decisions. Just Read Post#1,3,4,5 and 6 that all you need to learn Mehdi' Methods 1 and 2. https://www.forexfactory.com/showthread.php?t=588548 But when you come to Post#5661, you will have doubts again with TDI. But I have a simple solution...
Hi Emmanuel,
what solution that you have for repainting indicator on this ? thanks.
Quoting emmanuel7788
{quote} EURGBP Week 26 END OF MONTH Thought I provide you folks with an update while it is end of month closing this week. Another profitable week for this pair. Will close all baskets and walk away ... {image}
Hi Emmanuel. I'm struggling with my weekly plan using daily, to set the trend and learning where it is time to reverse trend. I'm puzzled why you remained long in EURGBP on the D1 open of the 20th June. It was the third day open with Red APB and below EMA5+3 but still inside MA High low channel. WEre you relying on experience of the long trend up continuing to a point where you could still close MEME with average entry in profit? or do you have another exit strategy above the safety valve SL?

Edit: Or did you stay long due to PSAR that showed the previous day tested support and didnt go further down.
Quoting harnying
{quote} Hi Emmanuel, what solution that you have for repainting indicator on this ? thanks.
Try

Google.com > Non repainting TDI indicator

cheers!
Hi guys, I’m new in this group and forex trading.
Big E’s method looks simple and effective to trade, but is it true?
can you just use the TDI and be profitable or should you add other indicators to it?
What is your experience and how long have you been using it?

thx
Quoting Pippingpips
Hi guys, I’m new in this group and forex trading. Big E’s method looks simple and effective to trade, but is it true? can you just use the TDI and be profitable or should you add other indicators to it? What is your experience and how long have you been using it? thx
How long have you been trading?
Do you know basic price action as it is used in Post 647?
===
The content of your post has been asked and answered many times over years.
Quoting emmanuel7788
EURNZD and GBPNZD these pairs continue to be laggards in my group of 20. keep stalking them and they will run one day but we do not know when that will happen,... can be this week, ...can be next week, week after next, ... be patient... IT will RUN and you will hit the Lotto model WIN big bonus of 3rd Q. {image}

GBPNZD Week 26 D1 sell trigger 1.9155 ...PATIENCE pays off...
build basket with 2 positions during the retracement and then add-on as price moves lower.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Week 26 Jun 26 trade report 26-06-2019 12-04-35.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting nigpig
{quote} Hi Emmanuel. I'm struggling with my weekly plan using daily, to set the trend and learning where it is time to reverse trend. I'm puzzled why you remained long in EURGBP on the D1 open of the 20th June. It was the third day open with Red APB and below EMA5+3 but still inside MA High low channel. WEre you relying on experience of the long trend up continuing to a point where you could still close MEME with average entry in profit? or do you have another exit strategy above the safety valve SL? Edit: Or did you stay long due to PSAR that showed...

June 18 and 19 were consecutive bearish D1 but did not close below the Weekly APB Open.

started as D1 trade early in the month of May and migrated to Weekly trade and manage as Weekly swing trades. The Weekly APB Open-Close is a good gauge where your best average entry price would be for you to place your basket average price.

you need to look at your Big Picture Plan and see where your MN swing levels are. I see potential for EG to hit 0.9020 and possibly above this.

I do use any PSAR (parabolic SAR) but I look at Price Action +Support&Resistance... PA+SR.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
S&P 500 at minor support level.
I expect more downside

https://www.tradingview.com/x/OMyOzrJw/
Focus on the process, outcome will come by itself!!!
Quoting behumble1314
S&P 500 at minor support level. I expect more downside https://www.tradingview.com/x/OMyOzrJw/
correction is good
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
short nzdusd @ 0.6652

https://www.tradingview.com/x/ZM1LD9Sp/

$ index should have some room on the upside which should help NU short.

https://www.tradingview.com/x/JgkkpkUS/
Focus on the process, outcome will come by itself!!!
I agree with the short, but am waiting for a retest of .668 before entering.

good luck
Quoting mc2010
I agree with the short, but am waiting for a retest of .668 before entering. good luck
my sl is 0.6741...it should be ok...it is 1.5R trade
Focus on the process, outcome will come by itself!!!
long audnzd @ 1.0460

https://www.tradingview.com/x/piZF62hx/
Focus on the process, outcome will come by itself!!!
Quoting emmanuel7788
{quote} GBPNZD Week 26 D1 sell trigger 1.9155 ...PATIENCE pays off... build basket with 2 positions during the retracement and then add-on as price moves lower. {image}

GBPNZD Jun 26 adding to a 'falling knife' trade,

will be clsoing soon when reach my financial goal for this pair.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Jun 26 adding 26-06-2019 14-26-29.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} GBPNZD Jun 26 adding to a 'falling knife' trade, will be clsoing soon when reach my financial goal for this pair. {image}

Adding to winning trades is not "Falling Knife" jackass
Doing what you like is Freedom. Liking what you do is Happiness.
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