Trading Made Simple | Page 4915 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #98,281
  • Oct 13, 2019 1:42am Oct 13, 2019 1:42am
Quoting Tekkies
{quote} Thanks for the laugh Emmanuel. Where do you suck up this bullshit: "You only mentioned GJ and it blew your account. So I look at GJ Weekly chart and the market conditions has changed in Sep and Oct. You need to look at your trading methodology and learn why it failed in Sep and Oct. The same methodology may not work in all market type conditions. Similarly, you also need to have the money management strategy to fit in with the trading methodology to suit the prevailing market type conditions. And most important...

hey Tekkies

when you still do not follow Post#261 and use the template by the OP, then you would never learn what Trading Made Simple is.

Look at the TMS template below and using the HA candles price action and the 5EMA, your will see the Weekly trend and consolidations easily.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Weekly chart Oct 13 13-10-2019 14-38-02.png Size: 51 KB



<>
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...

<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,282
  • Oct 13, 2019 1:58am Oct 13, 2019 1:58am
Attached Image
Ardua Ad Astra Per
  • #98,283
  • Oct 13, 2019 1:58am Oct 13, 2019 1:58am
Quoting ForexKid69
{quote} Good day Emmanuel, I am optiming MTS_V19 and came across your post from 2014. I am curious about one thing, i see that in this screenshot you were running EURUSD on H4 yet the EA settings were left to run on H1 Time FRAME. I pointed out that on the chart i see TREND -2/8- M30. What does this -2/8- mean? {image}

Hi ForexKid69

one important thing to note is the TDI used in that EA.

because so many different versions of TDI were posted all over FF at different times, you need to use that TDI Red Green version in Post#25.
But you need to make a copy of that and rename it to "Traders_Dynamic_Index". The EA use iCustom to read this TDI and will be able to take trades the way the OP used to when you have the setting parameters correct.... TDI entry and exit.

You can set the AlertModeOnly to True.
The EA will sent alerts and will not take any trade.

Note the Buyer and Seller modes inputs. These are manual selection which you can decide.
Should you decide on GBPJPY buy next week, then set Buyer to true and the other input parameters.
Remember to set the AutoBuySell to False.

Any questions, please post and ask. I just need time to check my old notes and refresh my memory.
Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 MTF Alert Mode only.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,284
  • Oct 13, 2019 2:09am Oct 13, 2019 2:09am
Quoting mistakesr
{image}

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,285
  • Oct 13, 2019 2:36am Oct 13, 2019 2:36am
Quoting mistakesr
{image}

Has he morphed?


Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #98,286
  • Oct 13, 2019 2:42am Oct 13, 2019 2:42am
Quoting ForexKid69
{quote} Good day Emmanuel, I am optiming MTS_V19 and came across your post from 2014. I am curious about one thing, i see that in this screenshot you were running EURUSD on H4 yet the EA settings were left to run on H1 Time FRAME. I pointed out that on the chart i see TREND -2/8- M30. What does this -2/8- mean? {image}
I see Emmanuel is giving you advice how to use MTS_V19.
The same Emmanuel posted this:
Post 97,974
This has been proven over and over again to fail since the TDI was made available in 2006, ten years before you. You can never code Big E rules-based discretionary style trading into an expert advisor.
You are wasting your time in search of this holy grail.

You should ask him why did he not gave you the same warning.
------
Your safest option wil be is to go to http://www.stevehopwoodforex.com/phpBB3/index.php
Am not sure if Steve / Steller continued to develop the expert in that Forum.
  • #98,287
  • Oct 13, 2019 3:12am Oct 13, 2019 3:12am
Quoting Tekkies
{quote} Thanks for the laugh Emmanuel. Where do you suck up this bullshit: "You only mentioned GJ and it blew your account. So I look at GJ Weekly chart and the market conditions has changed in Sep and Oct. You need to look at your trading methodology and learn why it failed in Sep and Oct. The same methodology may not work in all market type conditions. Similarly, you also need to have the money management strategy to fit in with the trading methodology to suit the prevailing market type conditions. And most important...
I think MamounDeb's problem was failure to properly analyze the changes in the charts.

From your W1 chart, looks to me like September went into an up swing. So with the prior "9 months" on down trend, that must be considered initially as a rally to sell when it turned down and g x r down. However, because you did not post a chart with the TDI and EMA5, there is missing information that I suspect that MamounDeb had available.

First, TDI g x r up, so there may be BUYING opportunities coming later on W1 if confirming signals develop.

Next, I think it is the last week of August that closed a green bar, and the next green bar closed FAR above EMA5. But again, this MIGHT just be another rally. However, the fact that it is the WEEKLY chart going into some kind of an up move means it is HIGHLY PROBABLE that there will be buying opportunities on lower charts such as H4 and H1. And indeed, during September both of those timeframes had good buy setups. So even if your bias is for the trend to be down and buying would be counter-trend, just that fact that the Weekly chart is such a high timeframe compared to H1 and H4 means that such "counter-trend" setups typically are successful. Plus, we cannot forget that when the W1 started painting green bars, it can be EITHER a rally in a down trend, OR the start of a new up trend; only time will show which.

In addition, as September progressed, the D1 chart also had buy setups, consistent with more up bars forming on W1 chart.

And finally, if you look back to the prior rally of January-March, look how similar the structure is to the current rally: Swing up, small swing down, swing up to higher high, then the 9-month fall. And going back all the way to January 2018, it could be argued that "nothing has changed from January 2018!"
To free Gazans of Hamas, use whatever it takes.
  • #98,288
  • Oct 13, 2019 3:12am Oct 13, 2019 3:12am
Quoting realjumper
{quote} Has he morphed? {image}
Hahahahha, it's pure comedy. Have a great week at the charts my friend.
Ardua Ad Astra Per
  • #98,289
  • Oct 13, 2019 3:18am Oct 13, 2019 3:18am
Quoting Tekkies
{quote} I see Emmanuel is giving you advice how to use MTS_V19. The same Emmanuel posted this: Post 97,974 This has been proven over and over again to fail since the TDI was made available in 2006, ten years before you. You can never code Big E rules-based discretionary style trading into an expert advisor. You are wasting your time in search of this holy grail. You should ask him why did he not gave you the same warning. ------ Your safest option wil be is to go to...

Hey Tekkies

Do Not worry because the member ForexKid69 knows what I am talking about with that TMS_V19 MTF expert advisor. He will learn how that EA set parameters are and how to it will manage trade but not take trade without manual input and technical analysis.
If anyone run that EA full auto, they will learn that taking trades following TDI Green cross Red is a losing strategy.
This has proven that Big E was a rules-based dicretionary trader and he did not blindly traded green cross red.

Trader using that EA must do their own technical analysis and make the decision when to trade and when not to trade. Do Not run that EA full-auto. There is also news calendar interface and checks build in that EA and users can input their own options.

Like I said in earlier post, there are 3 candle patterns you can learn to spot them on your trading charts. You can use these candle patterns and decide which setup to trade and this is your own discretion. Those 3 candle patterns are very useful to spot REVERSAL setups but the trade decision is still based on your own decision and your own experience how to read chart and interpret Post#647.

The best feature is to use that EA for trade setup alerts and you make your own decision to execute any trade. Let the EA manage your trade based on your own exit criteria and conditions.

Looks like we have another toy to play going forward next week. There are a lot that EA can do and let it teach you how to trade TMS and manage trade exits.

Most important is to have fun and enjoy while learning to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,290
  • Oct 13, 2019 3:20am Oct 13, 2019 3:20am
Quoting mistakesr
{quote} Hahahahha, it's pure comedy. Have a great week at the charts my friend.
and welcome to the Green cross Red comedy thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,291
  • Oct 13, 2019 4:32am Oct 13, 2019 4:32am
[quote=emmanuel7788;12554186]{quote} Hi neoaus I know you are referring to that image which is Post#647. The best qualified person to answer you would be someone who has about 10 years trading the stock markets in the 1990's, plus having 6,000 hours of forex trading experience and had spent 2 years developing the 5-Method which is what Trading Made Simple thread title is about. I would not pretend to be that person and talk like an expert in this thread. I have been trading with the COWABUNGA system and also the Synergy system for more than 10 years. My trading had evolved over the years and I know the trading style of Big E and it would be very difficult for anyone to be able to trade like he did. But first, have you read the old thread where the 5-Method started? There are many things you need to learn and know. These are the things which Big E learned in his 6,000 hours plus that 2 years in developing systems. The advice I would give now is go and start reading his old thread and better to read also all his others posts in other threads in Forex Factory. You will learn a lot more and also will get to know the person behind the pseudo name eelfranz aka Big E.

In the old thread, you will learn two very important things which will help you interpret on your trading charts those yellow highlight of Post#647. If you still have not learn what Swing High / Swing Low and How to spot a true reversal candle, Learn everything the OP learned when he started the old thread.

Emmanuel,

Are you referring to this old thread?
https://www.forexfactory.com/showthr...91#post3350891
  • #98,292
  • Oct 13, 2019 4:35am Oct 13, 2019 4:35am
Quoting emmanuel7788
{quote} Always feels good to end the week with some wins no matter big or small. Look at your price bar chart again. I don't see any shooting star with the price bar. What I see on my chart is a Bearish Engulfing Bar BEEB. When we use the HA candles, that is a HA candle with small body at the top of a move... momentum high, we must pay attention to the price action when we see momentum high and what happens next. Is there a a Swing High? then next, Is there a REVERSAL candle? My observations : - - the Stoch(8,3,3) %K...
Thanks Emmanuel. Need to zoom in more and get a bigger monitor.
  • #98,293
  • Oct 13, 2019 4:37am Oct 13, 2019 4:37am
Quoting DrDave
{quote} I think MamounDeb's problem was failure to properly analyze the changes in the charts. From your W1 chart, looks to me like September went into an up swing. So with the prior "9 months" on down trend, that must be considered initially as a rally to sell when it turned down and g x r down. However, because you did not post a chart with the TDI and EMA5, there is missing information that I suspect that MamounDeb had available. First, TDI g x r up, so there may be BUYING opportunities coming later on W1 if confirming signals develop. Next,...
Dave,
- MamounDeb's did not stated which time frames he used in those 9-month's nor did say he was using TMS / TDI to trade with.
Why post a chart with TDI+5EMA
- 7788 made a assumption about a timeframe and got taken for a unwanted trip around the block.

mmmm Looking at Stoch on chart below, I can understand why BigE posted: "Stochs is nothing but confirmation"
Attached Image (click to enlarge)
Click to Enlarge Name: wack.PNG Size: 45 KB
  • #98,294
  • Oct 13, 2019 5:27am Oct 13, 2019 5:27am
I might laugh Emmanuel, you know what, I can't even be bothered explaining it in detail. Since Big E died two huge egos took over this thread and I very much doubt either of you trade consistently profitably and probably both full of shit. It's a great, great shame because profitable or not Big E had the greatest of intentions. You two have destroyed his legacy you wankers. However, I must thank you personally, you are one of the reasons I gave up forums years ago apart from when I'm bored and want to take the piss on a Sunday afternoon after a few wines, you're a complete joke and a proven liar.

You have no shame man, this place is where a great many complete newbies to trading Forex come and want to learn and what do they get, you, God help them!

To all you newbies out there, don't listen to these idiots, there's plenty of great and free information out there, learn price action, support and resistance levels and most of all work your head out which will take years. All your reading here is a comedy show between a couple of idiots with too much time on their hands.
Ardua Ad Astra Per
  • #98,295
  • Oct 13, 2019 8:38am Oct 13, 2019 8:38am
Quoting emmanuel7788
{quote} Hi ForexKid69 one important thing to note is the TDI used in that EA. because so many different versions of TDI were posted all over FF at different times, you need to use that TDI Red Green version in Post#25. But you need to make a copy of that and rename it to "Traders_Dynamic_Index". The EA use iCustom to read this TDI and will be able to take trades the way the OP used to when you have the setting parameters correct.... TDI entry and exit. You can set the AlertModeOnly to True. The EA will sent alerts and will not take any trade. Note...
Thank you for your response, i have to say what drew me to this EA is the fact that i use Steve Mauro's Market Maker Method template for manual trading and have been doing so for years. There we identify High and lows, Ms & Ws, Shark fins, Head and shoulder formation among other things.

I do see a pattern on my Market Maker Template, everytime TD GREEN/RED cross over 50 MA, or BELOW either reaching upper boiler band or lower, the trade happens exactly as TDI has described.
  • #98,296
  • Oct 13, 2019 9:01am Oct 13, 2019 9:01am
Quoting mistakesr
I might laugh Emmanuel, you know what, I can't even be bothered explaining it in detail. Since Big E died two huge egos took over this thread and I very much doubt either of you trade consistently profitably and probably both full of shit. It's a great, great shame because profitable or not Big E had the greatest of intentions. You two have destroyed his legacy you wankers. However, I must thank you personally, you are one of the reasons I gave up forums years ago apart from when I'm bored and want to take the piss on a Sunday afternoon after a...
You are right mistakesr this thread has become a comedy show.
At least this huge ego idiot is trying to show newbies that what BigE's has posted all those years ago in this thread is still valid to day as they were back then.

Post some chart's with trades taken where you have used BigE's TMS, it is of no use to shout from the sideline how to play the game.
  • #98,297
  • Oct 13, 2019 3:43pm Oct 13, 2019 3:43pm
Quoting Tekkies
{quote} You are right mistakesr this thread has become a comedy show. At least this huge ego idiot is trying to show newbies that what BigE's has posted all those years ago in this thread is still valid to day as they were back then. Post some chart's with trades taken where you have used BigE's TMS, it is of no use to shout from the sideline how to play the game.
I just gave them the best advice, get the hell off this thread.
Ardua Ad Astra Per
  • #98,298
  • Oct 13, 2019 4:53pm Oct 13, 2019 4:53pm
Quoting mistakesr
{quote} I just gave them the best advice, get the hell off this thread.



I gave the same advice many years ago to people wanting to trade the markets.

not sure if this was the best advice though because some people actually learned from Forex Factory when they first started out and some went on to become better traders.

stay away for all public trading forums and beware of con website selling trading signals, predictive TDI indicator, subscription plans, etc.
an example below:

Attached Image (click to enlarge)
Click to Enlarge Name: GilR nonsense predictive TDI.png Size: 951 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,299
  • Oct 13, 2019 4:57pm Oct 13, 2019 4:57pm
[quote=neoaus;12557437]
Quoting emmanuel7788
{quote} ... Emmanuel, Are you referring to this old thread? https://www.forexfactory.com/showthr...91#post3350891

Hi neoaus

Yes, I am referring to Eric first thread in Forex Factory. Eric was an experienced trader having traded the stock markets for 10 years. He spent 6,000 hours learning to trade forex and he spend 2 years to develop two methods which he shared in his first thread (old thread).

Here again an

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,
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.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,300
  • Oct 13, 2019 5:00pm Oct 13, 2019 5:00pm
Quoting emmanuel7788
Quoting neoaus
{quote} Hi neoaus Yes, I am referring to Eric first thread in Forex Factory. Eric was an experienced trader having traded the stock markets for 10 years. He spent 6,000 hours learning to trade forex and he spend 2 years to develop two methods which he shared in his first thread (old thread). Here again an 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
...

Got it! thanks mate. really appreciate it. Will take a deep dive.
88 traders viewing now