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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

  • #98,021
  • Oct 1, 2019 3:49pm Oct 1, 2019 3:49pm
USTEC Oct 01 H1 review

Was looking at this yesterday as usual part training my eyes to see the Price Action and learning how the TDI works.

Near perfect when all three periods TDI show the same condition... price momentum

would be perfect when all three TDI show steep slope at the came bar/candle closed.

Attached Image (click to enlarge)
Click to Enlarge Name: USTEC Oct 01 POMO 02-10-2019 06-40-48.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,022
  • Oct 1, 2019 7:33pm Oct 1, 2019 7:33pm
Hi All,

Newbie member here and to fx trading and very excited to have stumbled across and be part of this amazing trading system thread. Let the journey begin.
Have started reading it from the beginning and in the meantime have taken a few demo shots at it. Impressive results so far and will continue to educate and better myself at it as I go, and will be posting many newbie questions along the way. I want thank everyone for their contributions and education so far.

BTW: Is anybody from Sydney Australia?


Cheers
John
Always learning
  • #98,023
  • Oct 1, 2019 9:17pm Oct 1, 2019 9:17pm
Related to Post 97,973
-------
There is not much els to post about Trading Made Simple.
Do you really want to win at this game?
How determine are you to become successful with this method or any other method?
It won't cost you a dime beside living expenses, it will cost you plenty of time. a Lot of time like three, four years.
Are you willing to study that long? Docter's, Lawyer's, Ingenieurs did, now they get paid for their time spent learning their profession.
Post#495...........
Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful..
If... you follow the simple rules and simple exits... 3-6 months... 85% successful.
Don't complicate it... keep it simple. Buy your wheel barrow..
(I am not BigE, neither are you, that is what he wrote.)
------
Where to start?
- Member's post are best to be ignored. If you do read them compare each one against what BigE has posted. (It will save you a lot of time)
- Rather study only what BigE has posted in this thread. (BigE full.pdf).
- Make study notes.
Foxit Reader (https://www.foxitsoftware.com/pdf-reader/) make it so easy.
Search key words and summarize them (examples of a keyword search: candle > Post 97,086, checklist > Post 84,947, angle > Post 95,596
Attached Image

- Test your study notes on a live account with paper trading. (example: use Vline for crossover, blue / yellow for trades)
------
Question: Do you live to trade or trade to live?
Attached Image
  • #98,024
  • Oct 1, 2019 10:10pm Oct 1, 2019 10:10pm
If we strictly follow Big E trading style and his written rules in this thread, this would have been the ideal entry and exit (Post #6).

Big E last post, Post#12,912 "...reading the thread and taking notes. READ & STUDY."

Below is what I do all the time, read and study both written text and what I see on charts. 10 years on and today I keep on doing this everyday. The learning never stop. Google search engine keyword search only look for keywords, it does not look at price charts nor price action nor read indicators data for you.

DE30 Oct 01 H1

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Oct 01 H1 POMO 02-10-2019 12-56-17.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,025
  • Oct 1, 2019 10:18pm Oct 1, 2019 10:18pm
Quoting neoaus
Hi All, Newbie member here and to fx trading and very excited to have stumbled across and be part of this amazing trading system thread. Let the journey begin. Have started reading it from the beginning and in the meantime have taken a few demo shots at it. Impressive results so far and will continue to educate and better myself at it as I go, and will be posting many newbie questions along the way. I want thank everyone for their contributions and education so far. BTW: Is anybody from Sydney Australia? Cheers John Always learning...
Hi neoaus

Welcome to Trading Made Simple!

Be prepared for a very long trading journey and learn EVERYTHING the late OP eelfranz posted in Forex Factory.

Be sure to read from Post #1 up to Post #12,912. Pay attention to details what were written in all the posts and on all the charts posted by members and what the OP replied were with reference to the topic in discussion back then.

At some point in time, it will take you back to the old thread when you want to learn from more examples the OP made in his old thread. (Post #336).
If you want to trade M15 and H1 chart timeframe, there are lots of examples in the old thread. In this thread, you will find many H4, Daily and Weekly trade examples.

Another post you can also follow is this:
Post #97,796
https://www.forexfactory.com/showthr...4#post12503254


Have fun and enjoy the learning journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,026
  • Oct 1, 2019 11:06pm Oct 1, 2019 11:06pm
DE30 Oct 02 Daily chart

Some would not trade the Daily for different reason. One being they think the stop loss is too big and their small account does not allow them to use %risk and Position Sizing.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Oct 02 D1 setup 02-10-2019 14-04-22.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,027
  • Oct 1, 2019 11:31pm Oct 1, 2019 11:31pm
GBPJPY Oct 02 H1 trade

Was looking at JPY pairs this morning when Syndey open, took this trade and left it running.

FO has another sell entry setup Follow Post #261.

This is what that post #261 means when Stoch confirm the direction, to have a direction it must first show a %K cross %D then continues, preferable between 80 and 20 levels. Important is also the PA and the 5EMA for the type of reversal setup candles - aggressive setup and conservative setup.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Oct 02 H1 trade 02-10-2019 14-20-49.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,028
  • Oct 1, 2019 11:38pm Oct 1, 2019 11:38pm
USTEC Oct 02 M30

same type of setup in different timeframes ... this time is M30

same Swing High + reversal candle with Stoch cross signal and TDI green confirm later.

Attached Image (click to enlarge)
Click to Enlarge Name: USTEC Oct 02 M30 setup 02-10-2019 14-35-21.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,029
  • Oct 1, 2019 11:49pm Oct 1, 2019 11:49pm
Quoting emmanuel7788
{quote} Hi neoaus Welcome to Trading Made Simple! Be prepared for a very long trading journey and learn EVERYTHING the late OP eelfranz posted in Forex Factory. Be sure to read from Post #1 up to Post #12,912. Pay attention to details what were written in all the posts and on all the charts posted by members and what the OP replied were with reference to the topic in discussion back then. At some point in time, it will take you back to the old thread when you want to learn from more examples the OP made in his old thread. (Post...
Thanks Emmanuel. Yes I can see there is allot to learn ahead but looking forward to it. Much appreciated.
  • #98,030
  • Oct 1, 2019 11:57pm Oct 1, 2019 11:57pm
Hi,

Can someone please explain to me why this trade went south for my learning? I closed out this demo trade with a loss.

Many thanks
John
Attached Image(s) (click to enlarge)
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  • #98,031
  • Oct 2, 2019 6:12am Oct 2, 2019 6:12am
DE30 Oct 02 M15

its the same Price Action setup...
- REVERSAL candle, HA candle body closed below 5EMA,
- Stoch cross signal
- TDI green confirms later the reversal setup


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Oct 02 M15 TDI TF2 TF3 2107 02-10-2019 21-06-23.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,032
  • Oct 2, 2019 8:40am Oct 2, 2019 8:40am
Quoting neoaus
Hi, Can someone please explain to me why this trade went south for my learning? I closed out this demo trade with a loss. Many thanks John {image} {image}
Are you doing a swing trade?
4hr BigE trade a candle line or 2。。。
  • #98,033
  • Edited 9:07am Oct 2, 2019 8:50am | Edited 9:07am
Readers, this is a direct warning.
Related to Post 98,029
The following sentences was never used or the principle within applied by BigE anywhere in this trend.
- Stoch cross signal
- TDI green confirms later the reversal setup
- Use of MTF TDI
Do a keyword search on above words and decide for yourself.
(Now you know why:
- it will take you three, four years to master this method
- members are constantly complaing that the trade went "south"

Stoch cross signal
Post 1: I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.
Post 261: Stoch's is nothing but confirmation.
Post 647: Does Stoch's confirm the TDI signal
Post 1,253:
When Stoch's does not confirm the TDI direction... stay out and find another trade... Here... TDI down - Stoch's up

TDI green confirms later the reversal setup
Post 121:Also pay attention to the left on the TDI for tops and bottoms... there pretty accurate for reversals...
Post 261: If there is a reversal do I have a TDI signal to enter
Attached Image (click to enlarge)
Click to Enlarge Name: sroch.PNG Size: 80 KB

You have been warned
  • #98,034
  • Oct 2, 2019 11:28am Oct 2, 2019 11:28am
TDI_RT for MT5 anyone ?
  • #98,035
  • Oct 2, 2019 1:02pm Oct 2, 2019 1:02pm
Quoting Dridzz
TDI_RT for MT5 anyone ?
YES.

If you are looking for Traders Dynamic Index fo MT5, this was posted in this thread.

use keyword search "MT5"

or linked here:
https://www.forexfactory.com/showthr...9#post10448039
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,036
  • Oct 2, 2019 1:11pm Oct 2, 2019 1:11pm
Hey Folks

We have been warned by the OP eelfranz 4 times in Forex Factory.

Warning #1

Attached Image (click to enlarge)
Click to Enlarge Name: Big E#261 warning.png Size: 126 KB


Warning #2

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #270 warning on TDI.png Size: 139 KB


Warning #3

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #1220 warning on Stoch.png Size: 29 KB


Warning #4 ... is most serious

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #1140 CHS Warning on Risk.png Size: 105 KB


Read all about it!
https://www.forexfactory.com/showthr...26#post3485126

Don't say we have not been warned.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,037
  • Oct 2, 2019 1:36pm Oct 2, 2019 1:36pm
Quoting emmanuel7788
USDJPY Oct 02 D1 remember it is NFP week Friday Oct 04, {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Oct 02 D1 02-10-2019 06-26-25.png Size: 45 KB


USDJPY Oct 02 Daily candle trade was good.
Took some pips and now wait and see how it reacts today... couple of 'support' just where current price is.
... last swing low (arrow)
... 10EMA/50EMA
... BRN 107.00

potential target 106.50 region +/-

Trade what we see ... indicators are tools we use and are our guide.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Oct 02 Daily was good 03-10-2019 04-28-28.png Size: 44 KB


Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,038
  • Oct 2, 2019 1:58pm Oct 2, 2019 1:58pm
just to clarify few PMs on BEEB and BEOB

two pictures below should do their job to explain their difference,

Trade what we see.

Attached Image (click to enlarge)
Click to Enlarge Name: USTEC BEOB 03-10-2019 04-54-07.png Size: 41 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 BEEB BEOB 03-10-2019 04-53-56.png Size: 40 KB


both were big winners yesterday with many M15 entries.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,039
  • Oct 2, 2019 2:14pm Oct 2, 2019 2:14pm
Quoting Maule
The Train is In the Station. GBPCAD Daily vs 4hr comparison. Daily Chart {image} 4 Hour Chart {image}
The Train has left the Station.
(Came within 5 pips of my stops too) But the brakes on that train stopped it in time
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-10-02.png Size: 64 KB
Play the hand you were dealt.
  • #98,040
  • Oct 2, 2019 2:24pm Oct 2, 2019 2:24pm
Quoting Maule
{quote} The Train has left the Station. (Came within 5 pips of my stops too) But the brakes on that train stopped it in time {image}
WOW! finally the train has left the station... that was a long delay.
it went sideways and waited for more buyers.
not so easy for retail traders to see that.
because we trade what we see on our charts.

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