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Monitor for 'Trading Made Simple' system 565 replies

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

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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

  • #97,781
  • Sep 13, 2019 6:11am Sep 13, 2019 6:11am
Quoting Maule
back from a long rest, reflect & study period. Saw and took this awesome setup. {image}
SL Hit.
I see no problems with my entry.
Stocastic in the Sell Zone.
TDI Green Cross Red.
Hindsight Observation....Daily Time Frame in Consolidation.
Rule Broken. Stay out of Consolidating Markets.
Emotionally I am feeling neutral. I've cut my losses short and my open trades are in the green.
Next Trade.
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Play the hand you were dealt.
  • #97,782
  • Sep 13, 2019 6:43am Sep 13, 2019 6:43am
Quoting Maule
{quote} actually that's just my trading style. I don't trade breakouts. This entry was based on the candle closing above the MA and the green line on the TDI > Red > yellow and crossing the 50. Together with this a reversal candle was spotted on the Daily and you have divergence on the 4h. Win or Loose, I grade this as a A+ trade because I stuck to my trading plan.
I am not asking you to trade breakout..I am just saying you should observe what price is doing at the same time as what the tdi is showing..as to the way you trade it's all good. To each his/her own way
the cautious seldom err....C
  • #97,783
  • Sep 13, 2019 11:40am Sep 13, 2019 11:40am
I appreciate all the helpful criticism on my loosing trades. They help me improve allot faster than posting only winning trades.
On a side note, does anyone else listen to the Podcast titled "Chat with Traders"? It's very good. It's like an audio version of "Market Wizzards". I'm now on episode 17.
Play the hand you were dealt.
  • #97,784
  • Sep 13, 2019 5:03pm Sep 13, 2019 5:03pm
Quoting Maule
EG 4h entry long. Reversal spotted along with divergence. {image}
SL Hit
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Looks like on Weekly Time Frame the market is in Consolidation. Now leaving the Top Heading down to Demand.
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Play the hand you were dealt.
  • #97,785
  • Sep 13, 2019 5:07pm Sep 13, 2019 5:07pm
Quoting emmanuel7788
GBPCAD Week 37 Sep 13 ... waiting for this week to close then make plan for next week's swing trading. {image}
Hi, Emmanuel.
Can you explain how you plan to swing trade next week?
This is a problem that torments me and I cannot find a solution.
Thank you.
  • #97,786
  • Sep 13, 2019 5:08pm Sep 13, 2019 5:08pm
Quoting Maule
USDCAD 4hr trade Long on close of 2nd reversal candle. Bullish Divergence also spotted. {image}
Some you loose and then some you win.
On those past three loosing trades I lost a total of -29.11 pips.
On this one trade alone. I'm up +87.9 pips and it still hasn't even hit the target yet.
In trading it doesn't matter how many times you loose. What matters is how much you loose.
Once you're trading with R2 or even R3 you only need to win 30% of the time and you'll still be in profit.
Attached Image (click to enlarge)
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Play the hand you were dealt.
  • #97,787
  • Sep 13, 2019 8:37pm Sep 13, 2019 8:37pm
Quoting ponson
{quote} Hi, Emmanuel. Can you explain how you plan to swing trade next week? This is a problem that torments me and I cannot find a solution. Thank you.

Hi Ponson

Sure I will explain how I swing trade with my money management strategy. I posted several example last week and also this week.

But you must first read and study the OP's posts in this thread.
Study these posts where the OP showed examples of Weekly and Daily chart timeframes trades.

Weekly chart trade examples
#700
https://www.forexfactory.com/showthr...00#post4582200
#1967
https://www.forexfactory.com/showthr...07#post4605507

Daily chart trade examples
#357
https://www.forexfactory.com/showthr...50#post4577150
#283
https://www.forexfactory.com/showthr...96#post4576096
#4171
https://www.forexfactory.com/showthr...11#post4527311
#3850
https://www.forexfactory.com/showthr...23#post4441523
#3679
https://www.forexfactory.com/showthr...85#post4420885
#3573
https://www.forexfactory.com/showthr...29#post4412229

... to be cont/-
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,788
  • Edited 9:20pm Sep 13, 2019 8:46pm | Edited 9:20pm
read, study old posts and take notes...

and you will find these types of trade setups always ... day-in day-out.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,789
  • Sep 14, 2019 12:48pm Sep 14, 2019 12:48pm
Trade Made Simple and Craig Harris Stochastics Method are not the same. Rules and method are different and sometime contradict each other.

You want to succeed with this method then you study / learn / pracktise what BigE has posted in this thread.
Take note of what BigE posted in: Post 1,718:
Dyekid217... Good analysis buddy...
I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas...
The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...
I don't care what the red TDI line is doing.
Did Stoch's confirm the TDI signal between the 20-80 lines...?
The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...
If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles...
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...
Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !

There is a reason why BigE wrote this:
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...
  • #97,790
  • Sep 14, 2019 5:30pm Sep 14, 2019 5:30pm
Every week I get PMs asking for template and updates, etc. so this same reply:

For new traders coming to this very long thread, here is a summary which you can consider and follow. Learn EVERYTHING

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. Many traders have moved on to trade their own systems.

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 in his old thread,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432


In this Trading Made Simple thread 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... 861 posts 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
  • #97,791
  • Sep 14, 2019 5:54pm Sep 14, 2019 5:54pm
About TDI tweeks ... for those wanting more examples on the TDI

The TDI Green Price Line PL is a moving average of the RSI data. In the original TDI default setting, the RSI period is 13, and the the Price Line green colour is a 2-period Exponential moving average of the RSI(13) data.

The TDI Red Trade Signal Line TSL is another moving average of the same RSI(13) data. This TSL is a 7-period Simple moving average of the RSI(13) data.

What happens to the Price Action PA when the TDI Green line tweeks?

Here is an example taken from the OP' old thread.
https://www.forexfactory.com/showthr...12#post4414912

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,792
  • Sep 14, 2019 6:18pm Sep 14, 2019 6:18pm
Quoting eelfranz
....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...
<>
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...
<>

Post#261 above is one of the key to TMS and is my all time favourite.

Know when to break the rules...only after you have mastered the method, you can.

To the question, Can you enter on candle#3? YES.

See Post#351

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Pay attention to details on the chart and not just the written words. You will learn faster this way.
Look at the HA candle for the Price Action PA ... note the flat upper end body no wicks.
Look at the TDI green PL RSI(13)MA(2).. it crosses its 50-level and the red TSL is flat.
Note the price ... the BIG Round Number which the OP talked about in other posts, how PA reacts at the '00'.
Note the short term and long term trends on the chart.... the Daily and Weekly PA.

...so many details to see when wanting to take a TDI trade.(Post#647)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,793
  • Sep 14, 2019 11:56pm Sep 14, 2019 11:56pm
Always find it interesting how some0ne would post to make her point.
Quoting Dyekid217
after going through some of the thread I am seeing alot of people that are not following the basic rules. Such as waiting for pa to get accross the 5ma. or the tdi isn't crossed. Sometimes there's false signals when the RED line on TDI is moving in the opposite direction of the Green. Such as a green cross upward but red is still moving down. I notice that on the tdi.. IF THE RED IS NOT MOVING IN THE SAME DIRECTION AS THE GREEN it's a C trade maybe a B at most. I'm just looking for the A trades.. Big candle bodies and everything in the same direction...
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then quote post#1718 without first reading Post#1713 above
Quoting eelfranz
Dyekid217... Good analysis buddy... I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas... The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry... I don't care what the red TDI line is doing. Did Stoch's confirm the TDI signal between the 20-80 lines...? The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus... If you meet...
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even get confused with the two threads titles without ever reading the complete old and new threads.

Keep It Simple... read all the OPs posts in Forex Factory. Why limit to just 463 posts in this thread?

Don't you want to learn EVERYTHING?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,794
  • Sep 15, 2019 12:07am Sep 15, 2019 12:07am
If anyone wants to learn the RULES of Craig Harris Stochastic Method CHS,

go to Post#97 in the old thread. Also copied and pasted below. Do Not use these Rules when you trade TMS 5-Method.

Craig Harris Stochastics Method as the name states clearly it uses the Stochastics indicator. That CHS method does not use any TDI or RSI.

CHS method trade mainly 15-minutes GBPUSD during the London session and it also uses the Tokyo channel in the trade decision.

Trading Made Simple as layed our the OP in this thread uses the TDI in Post#25 in addition to the Stochastics(8,3,3) and also the APB/HA candles with the 5EMA,Typical Price,Shift+3. Exactly as described in Post#261. Simple enough with just these 4 indicators.

Rules


　

1. London Market Trading - GBP/USD - 15 Minute Chart

2. Print out News Calendar - No trades 30 minutes before or after news.
If your in a trade - either exit or really tighten stop Loss.

3. Use Fractals on your chart to visually see and measure swings.

4. Put Tokyo Channel on your Charts - - - 40+ pip spread hi/lo minimum before trading. *** Very Important.

5. Swings should average 20 to 40 pips or more.

6. Enter on second candle using top/bottom of first candle for entry level. Use Buy stop or Sell Stop orders.

7. Exit on big numbers of 00 or 10 or 20 or 35 or 50 or 65 or 80 or 90.
These numbers are your target levels.

8. Lost Trade - Re-enter on the next swing doubling your lot size.
If second trade loses go back to normal lot size.

Swings average 20 to 40 pips on 15 minute time frame. On other time frames the swing size will be different.

**Highest ODDS for profit is trading the EURO Open, London Open and N.Y. Open on the GBP/USD 15 minute chart. Generally it may vary 15 minutes either side of those times. Happens about 3-4 days a week. Longer swings. **

Always trade on a Demo Account when learning new information. Don't risk your trading funds without completely understanding this or others information... Demo trade only.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,795
  • Sep 15, 2019 7:03am Sep 15, 2019 7:03am

It is rather simple to understand Post 1,713 and Post 1,718
Here is a little conversation between Dyekid217 and BigE
------
after going through some of the thread I am seeing a lot of people that are not following the basic rules.
Such as waiting for pa to get across the 5ma. or the tdi isn't crossed.
Good analysis buddy...

I'm just looking for the A trades.. Big candle bodies and everything in the same direction
I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas...

Sometimes there's false signals when the RED line on TDI is moving in the opposite direction of the Green.
The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...

Such as a green cross upward but red is still moving down.
I notice that on the tdi.. IF THE RED IS NOT MOVING IN THE SAME DIRECTION AS THE GREEN it's a C trade maybe a B at most.
I don't care what the red TDI line is doing.
Did Stoch's confirm the TDI signal between the 20-80 lines...?

EDIT: Also it's easy to filter ranging periods when the 5ma isn't pointing to 12-2 or 4-6
The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...
If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles...

Follow your basic forex knowledge and you'll be set
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone Dyekid217..- Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #97,796
  • Sep 15, 2019 7:21am Sep 15, 2019 7:21am
The wisdom of Big E...

In this business the learning never ends.

https://www.forexfactory.com/showthr...=3333367#reply

Each trader understands each situation according to their individual experience from trading the forex.

Unfortunately in this business one thing works for one person but not for another. The reason often times is experience.

I hope everyone here is learning new things along our journey here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,797
  • Sep 15, 2019 7:47am Sep 15, 2019 7:47am
About thread titles...

For those who are confused with the thread titles, you may want to know that when Big E started his old thread original title was GBPUSD 15-Min chart trading discussion.
But FF changed that to Craig Harris Stochastics Method .... and it was later moved to the Commercial forum for obvious reasons.

Post#195
https://www.forexfactory.com/showthr...08#post3326908

Our threads original name was GBP/USD 15 Min. Chart. FF has changed it to Craig Harris Stochastics Method which is fine. If they move us it will be by their choice in the future.... so all is well and we will make the most of it right where we are at.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,798
  • Sep 15, 2019 7:53am Sep 15, 2019 7:53am
Unfortunately many of you late comers to this thread have missed the early years where Big E posted many tutorial video links of Craig Harris' Natural Flow Forex systeme and also Dean Malone' Synergy system.

But some of the videos are still available on youtube.

Today while I was reading again the old thread I found a few videos on the TDI... and this one is interesting which was uploaded years after the OP passed away.

"Identifying Tomorrow's Trend..."

Go to the old thread link here:

https://www.forexfactory.com/showthr...6#post12503656
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,799
  • Sep 15, 2019 7:56am Sep 15, 2019 7:56am
Keep It Simple: Knowing when NOT to trade!

Inserted Video


Don't trade blindly ... green cross red and you will lose your shirt.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,800
  • Sep 15, 2019 8:07am Sep 15, 2019 8:07am
Be careful when market open and trading next week.

https://www.forexfactory.com/news/94...f-of-saudi-oil

USDCAD Daily Sep13 Close

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