Trading Made Simple | Page 4994 | 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

  • #99,861
  • Jan 17, 2020 12:58am Jan 17, 2020 12:58am
Quoting Loker921
{quote} So you suggest to use the RSI instead of TDI ? {quote} Correct me if i am wrong . Is it a typo ? The RSI 3 should be RSI 13 isn't it ? Thanks and appreciate
Loker
You want to succeed with this method stay with what BigE has posted.
- Use the indicators and template posted in Post#25.
- Download BigE full.pdf
- Make a check list. example: Post 84,947
- Understand what BigE meant in every post. example:Post 97,082
- Understand what is meant by the angle of TDI green:Post 97,094

You have to master this method in you own way, own time.
---
Last year learned this way: Post 95,593. Now with all that time spend this year:
Attached Image (click to enlarge)
Click to Enlarge Name: bige.PNG Size: 70 KB

While typing this post.
Attached Image (click to enlarge)
Click to Enlarge Name: time.PNG Size: 30 KB
  • #99,862
  • Jan 17, 2020 1:07am Jan 17, 2020 1:07am
Quoting Loker921
{quote} Thanks for sharing mate . I will try and trade it . Always be grateful

Hi Loker

You are most welcome and you should be grateful to Big E who shared his trading journey in FF.

I am sure you have read the thread to some extend but for all who are new to this thread, here is a re-post:

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 you can then move on and develop your own trading system following how he did his.

try this,

Here is a quick introduction to this Trading Made Simple thread:
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
If 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 create your own 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.

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 learn to trade journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,863
  • Jan 17, 2020 1:08am Jan 17, 2020 1:08am
Quoting Tekkies
{quote} Loker You want to succeed with this method stay with what BigE has posted. - Use the indicators and template posted in Post#25. - Download BigE full.pdf - Make a check list. example: Post 84,947 - Understand what BigE meant in every post. example:Post 97,082 - Understand what is meant by the angle of TDI green:Post...
SHAP SHAP
  • #99,864
  • Jan 17, 2020 1:11am Jan 17, 2020 1:11am
Quoting Loker921
{quote} Thanks for sharing mate . I will try and trade it . Always be grateful
Quoting emmanuel7788
{quote} {image} I always look at the Weekly for the market type condition whether it is trending or sideways. In this EURJPY case, it is sideways and wide range because that Weekly candle is Wide Range Bar/candle WRB. The TDI is useless when on the Weekly chart because by the time the TDI cross, price would have move 100 to 200 pips. Use the TDI#25 only when trading H4 and below the way the OP did. The Monthly chart is where I look at the historical key swing levels where I would be looking for trades between those MN swing levels. I closed my trades...

here another bagful of pips soon top be close today... adding to my last 206 pips.

EURJPY Week 03 Jan 17

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Jan 17 D1 trades FO 17-01-2020 15-02-50.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,865
  • Jan 17, 2020 1:14am Jan 17, 2020 1:14am
Quoting emmanuel7788
{quote} Hi Loker You are most welcome and you should be grateful to Big E who shared his trading journey in FF. I am sure you have read the thread to some extend but for all who are new to this thread, here is a re-post: 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 you can then move on and develop your own trading system following how he did his. try this, Here...
I have been going through this thread for month , just that i didn't bother to create an account to post my reply here . Anyway , here I am into this ff thread to learn/ ask / confirm every statement made by BigE . I appreciate those who answer my reply . Thanks Be grateful

Quoting emmanuel7788
{quote} {quote} here another bagful of pips soon top be close today... adding to my last 206 pips. EURJPY Week 03 Jan 17 {image}
Looking good on E/J , I am waiting for the drop . I miss the entry though
  • #99,866
  • Jan 17, 2020 5:24am Jan 17, 2020 5:24am
Quoting Loker921
{quote} I have been going through this thread for month , just that i didn't bother to create an account to post my reply here . Anyway , here I am into this ff thread to learn/ ask / confirm every statement made by BigE . I appreciate those who answer my reply . Thanks Be grateful {quote} Looking good on E/J , I am waiting for the drop . I miss the entry though
Keep It Simple: When you have READ, STUDIED, LEARNED and UNDERSTOOD what Big E shared in Forex Factory and have done enough hours trading in live market conditions, you simply follow Post#261 and Post#647. Do Not claimed to have mastered the 5-Method unless you have achieved 3 years or 36 months of consistent profits.

Look at these two pairs today... EURUSD and EURJPY. It is H1 and if you buy before Frankfurt open and did not apply Post#647, know your intraday support and resistance, then you avoid those losses.

Be discipline when you have your trading hours defined in your trading business, wait for the European market sessions to open and look for trades. Look for the best setups ... the arrow points to the true setup candles in both cases.

EURUSD Jan17 H1

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan17 H1 POMO 17-01-2020 19-12-14.png Size: 51 KB


EURJPY Jan17 H1
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Jan17 H1 POMO 17-01-2020 19-11-34.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,867
  • Jan 17, 2020 2:33pm Jan 17, 2020 2:33pm
Quoting emmanuel7788
{quote} Keep It Simple: When you have READ, STUDIED, LEARNED and UNDERSTOOD what Big E shared in Forex Factory and have done enough hours trading in live market conditions, you simply follow Post#261 and Post#647. Do Not claimed to have mastered the 5-Method unless you have achieved 3 years or 36 months of consistent profits. Look at these two pairs today... EURUSD and EURJPY. It is H1 and if you buy before Frankfurt open and did not apply Post#647, know your intraday support and resistance, then you avoid those losses. Be discipline when you have...
I agree what you said , consistent profits is important . Still long way to go for my learning journey . Feeling good to look back all the BigE old post . It inspired me and lead me to lots of thought . Especially starting from Post#4104 . Thanks Emmanuel for your help My timezone is GMT 8 , it is 4.30am midnight or you can call it early morning , I guess is time to sleep and rewind back what BigE thought for a moment . Goodnight !
  • #99,868
  • Jan 17, 2020 4:53pm Jan 17, 2020 4:53pm
Quoting Loker921
{quote} I agree what you said , consistent profits is important . Still long way to go for my learning journey . Feeling good to look back all the BigE old post . It inspired me and lead me to lots of thought . Especially starting from Post#4104 . Thanks Emmanuel for your help My timezone is GMT 8 , it is 4.30am midnight or you can call it early morning , I guess is time to sleep and rewind back what BigE thought for a moment . Goodnight !

That Post#4104 mentioned two methods and multiple entries. The page 202 reference has been changed due to the change in number of post per page display in the default user' setting.

Refer to this Post#2913 for the chart examples.

Note the OsMA and AC indicators ...

Attached Image (click to enlarge)
Click to Enlarge Name: Post2913 chart 18-01-2020 06-51-03.png Size: 182 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Post2913 chart 18-01-2020 06-51-54.png Size: 183 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,869
  • Jan 17, 2020 6:33pm Jan 17, 2020 6:33pm
Quoting emmanuel7788
{quote} That Post#4104 mentioned two methods and multiple entries. The page 202 reference has been changed due to the change in number of post per page display in the default user' setting. Refer to this Post#2913 for the chart examples. Note the OsMA and AC indicators ... {image} {image}

reading one post #2912, just above Post#2913... interesting what the OP wrote.

for the Keep It Simple person

Zax...

Quite honestly I love them both... but they have different purposes.

On the 21/233 method it is designed to make you 3 to 5 times more pips because when you see the 21 (yellow) come close to the 233 (dodge blue)... you look for it to move away from the 233 line. The 1st candle that crosses the 21 and closes is the set up candle. The second candle is the entry candle if it's the same color as #1. Enter on candle #2... as the trade progresses the candles will pull away from the 21 and then retrace back towards the 21 (stay in the original trade unless it crosses back over the 21 and if so exit the trade). When it turns back in the original direction away from the 21 & 233 you buy a 2nd lot... and continue buying every time that happens until it crosses back over the 21 headed tword the 233 and you exit all the lots. PIPS Galore

Now on the 5 method... When the 1st candle crosses the 5 it's a set up candle and the 2nd one is the entry candle. Enter the trade. When it crosses back over the 5 line you exit. Simple...

In the 21/233 method I usually have 3-5 re-entries before I exit them all. On the 5 method there is just 1 entry and exit unless your trading more than one lot.

I've got 6-8 charts up at one time. On the 21/233 method I pick a chart and start on the 5 min and run thru the 4 hour looking for a trade. If no trade I look at chart #2 the same way until I've gone thru all my charts... If I can't find a trade I switch to the 5 method and do the same thing looking for a trade.

Remember the HA Candles average 3-8 candles per swing. So if I get in on candle #2 I know I'm normally good for profit on candles #2 & #3 anyway and normally more. The Time is important however...

I'm in the Pacific zone. From about 10-11am the charts die off as far as swings go. It picks back up after 7-8 pm and is best during the London session. Longer swings then.

I'll post a couple sample charts below for the 21/233 and 5 methods.

Big E
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,870
  • Jan 17, 2020 11:08pm Jan 17, 2020 11:08pm
Quoting emmanuel7788
{quote} reading one post #2912, just above Post#2913... interesting what the OP wrote. for the Keep It Simple person Zax... Quite honestly I love them both... but they have different purposes. On the 21/233 method it is designed to make you 3 to 5 times more pips because when you see the 21 (yellow) come close to the 233 (dodge blue)... you look for it to move away from the 233 line. The 1st candle that crosses the 21 and closes is the set up candle. The second candle...
Honestly , i still dont really get it for the 21/233 method . Do you mind to do some further explanation or show more example ? Although I had read through this post last week , but whats make the confirmation to let the OP enter the trade and exit . When trading live account the emotional is there and when you are in a stressful environment you tends to make bad or wrong decision . Furthermore , why BigE exit the trade on that particular moment ? For me i think i will exit on the same trade as the TDI . Because there is 2 red HA bar and i dont want to risk my profit ending up in negative position . 21/233 method is too subjective for me . But still I would like to learn it .
  • #99,871
  • Jan 18, 2020 5:19am Jan 18, 2020 5:19am
Once every 2 months I start to wonder again and also get annoyed by the still arguing Tekkies and Emmanuel. Do these people have no life? Spending the whole day at the PC and making each other's life miserable?

Regarding the BigE method, a great deal has been written about it and over and over again. EVERYTHING has to do with a good mindset and also that you have some money to speculate. If you don't, stop (!) because it's a waste of time! I can talk about it, I have plenty of knowledge about everything and everything concerning the exchange markets. especially future trading but also options, automated trading and many more.
Trading is not exact science, even though some may think otherwise. I stopped completely one and a half years ago with thinking I could earn my money someday.
It was very difficult for me to admit and to let go completely. These days I view it as a hobby and it gives me a lot of peace.

I don't know what I want to achieve , but I hope that I can give it some food for thought.
There is definitely more to sit behind your monitor all day and making nervous while life awaits outside.
Regards and enjoy your day(s),
Luvene
Keep it simple without too many crappy indicators!
  • #99,872
  • Edited 11:35am Jan 18, 2020 6:39am | Edited 11:35am
Quoting luvene
Once every 2 months I start to wonder again and also get annoyed by the still arguing Tekkies and Emmanuel. Do these people have no life? Spending the whole day at the PC and making each other's life miserable? Regarding the BigE method, a great deal has been written about it and over and over again. EVERYTHING has to do with a good mindset and also that you have some money to speculate. If you don't, stop (!) because it's a waste of time! I can talk about it, I have plenty of knowledge about everything and everything concerning the exchange markets....
You left out DrDave and realjumper Anyway I think we need to communicate/ interact more between each and everyone , exchange more valuable information in order to grow and continue BigE legacy . Cheers , i am not here to argue with anyone , just sound out my opinion Hope that we can create a harmony trading discussion environment in BigE thread
  • #99,873
  • Jan 18, 2020 11:54am Jan 18, 2020 11:54am
Quoting Loker921
{quote} You left out DrDave and realjumper Anyway I think we need to communicate/ interact more between each and everyone , exchange more valuable information in order to grow and continue BigE legacy . Cheers , i am not here to argue with anyone , just sound out my opinion Hope that we can create a harmony trading discussion environment in BigE thread
It was such a peaceful beginning to a new year, then someone, for no good reason at all, raises the topic of the Emmanuel/Tekkies feud. It makes me wonder if the intent is to goad them into continuing. Then of course, another person appears to want to expand it further by including others in the word fest. I would brand you instigators with some less than flattering adjectives, but that would be a TOS violation.

Why don't you guys stick to trading discussions instead of trying to ignite a new flame war?
To free Gazans of Hamas, use whatever it takes.
  • #99,874
  • Jan 18, 2020 12:54pm Jan 18, 2020 12:54pm
Quoting DrDave
{quote} It was such a peaceful beginning to a new year, then someone, for no good reason at all, raises the topic of the Emmanuel/Tekkies feud. It makes me wonder if the intent is to goad them into continuing. Then of course, another person appears to want to expand it further by including others in the word fest. I would brand you instigators with some less than flattering adjectives, but that would be a TOS violation. Why don't you guys stick to trading discussions instead of trying to ignite a new flame war?
Let it slide Dave.
  • #99,875
  • Jan 19, 2020 1:48am Jan 19, 2020 1:48am
Indeed, I don't interfere anymore. I give / gave my opinion and that is my right. I think it is sad reading 2 adult people argue with each other day after day and have written the same thing thousands times. It was THE reason for me to say goodbye to this topic and I think I am not the only one. See you all!
Keep it simple without too many crappy indicators!
  • #99,876
  • Jan 19, 2020 3:05am Jan 19, 2020 3:05am
Quoting luvene
Indeed, I don't interfere anymore. I give / gave my opinion and that is my right. I think it is sad reading 2 adult people argue with each other day after day and have written the same thing thousands times. It was THE reason for me to say goodbye to this topic and I think I am not the only one. See you all!
"I don't interfere anymore" By posting you already did that. That is the reason why Dave branded you a instigator.
------
Luvene in your previous post you indicate uncertainty in which direct to go: "I don't know what I want to achieve"
In your second post you gave the answer to your inner struggle: "same thing thousands times"

BigE wrote this: Post#2617................ Burn it into your memory....... There is a handful who trade it correctly here who are rewarded nicely
Bruce Lee said this: “I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.”

Study, writing, practice the same BigE posts 10 000, and trading with that TDI cross over 10 000 times it has become possible to achieve 10 pips a day.
In Post 99,863 I placed two trade's with the expectation price would break resistance and head north. It did not but I made my 10 pips for the day. Missed out on two lovely trades Post 99,868. So what Monday the market will give me a other change to catch the "Big One"

As long as I follow the simple rules of this simple method thousands times.
Attached Image (click to enlarge)
Click to Enlarge Name: time11.PNG Size: 58 KB

Don't give up Luvene. Keep at it for 10 000 times more
  • #99,877
  • Jan 19, 2020 3:37am Jan 19, 2020 3:37am
Quoting Tekkies
{quote} "I don't interfere anymore" By posting you already did that. That is the reason why Dave branded you a instigator. ------ Luvene in your previous post you indicate uncertainty in which direct to go: "I don't know what I want to achieve" In your second post you gave the answer to your inner struggle: "same thing thousands times" BigE wrote this: Post#2617................ Burn it into your memory....... There is a handful who trade it correctly here who are rewarded nicely Bruce Lee said this: “I fear not the man who has practiced 10,000 kicks...
Tekkies .... you are typically such an annoying man who must always be right. Because of your unpleasant reaction, I will respond for a very last time and no, I don't have to be right. I have plenty of self-knowledge, something that you don't. You have been struggling for years and years to get right and you will not get it. Why are you doing it and making fun of yourself? Have you already earned something with trading? Don't think so! People who really make money by trading don't sit behind their dull screen all day long while the sun is shining outside.
Man, get a life and take good advice, not only from me, but also from others and stop making a fool of yourself.
Keep it simple without too many crappy indicators!
  • #99,878
  • Jan 19, 2020 4:23am Jan 19, 2020 4:23am
Quoting Tekkies
{quote} "I don't interfere anymore" By posting you already did that. That is the reason why Dave branded you a instigator. ------ Luvene in your previous post you indicate uncertainty in which direct to go: "I don't know what I want to achieve" In your second post you gave the answer to your inner struggle: "same thing thousands times" BigE wrote this: Post#2617................ Burn it into your memory....... There is a handful who trade it correctly here who are rewarded nicely Bruce Lee said this: “I fear not the man who has practiced 10,000 kicks...
I don’t see any reason to buy eur/usd , TDI haven’t cross yet . Correct me if I am wrong .
  • #99,879
  • Jan 19, 2020 4:27am Jan 19, 2020 4:27am
Quoting luvene
{quote} Tekkies .... you are typically such an annoying man who must always be right. Because of your unpleasant reaction, I will respond for a very last time and no, I don't have to be right. I have plenty of self-knowledge, something that you don't. You have been struggling for years and years to get right and you will not get it. Why are you doing it and making fun of yourself? Have you already earned something with trading? Don't think so! People who really make money by trading don't sit behind their dull screen all day long while the sun is...
"People who really make money by trading don't sit behind their dull screen all day long while the sun is shining outside."
-------
mmmm Wonder how the "People" place trade's if they don't sit behind their dull screen all day long or a part time of that day.
-------
What is the difference Luvene?
- Sit behind a dull screen trading for yourself all day long
- Go to work all day long where the owner is profiting from your labor
In both case the sun is shining outside

Thanks for the
  • #99,880
  • Jan 19, 2020 4:38am Jan 19, 2020 4:38am
Quoting Tekkies
{quote} "People who really make money by trading don't sit behind their dull screen all day long while the sun is shining outside." ------- mmmm Wonder how the "People" place trade's if they don't sit behind their dull screen all day long or a part time of that day. ------- What is the difference Luvene? - Sit behind a dull screen trading for yourself all day long - Go to work all day long where the owner is profiting from your labor In both case the sun is shining outside Thanks for the
Your reaction is exactly what I meant, you must always be right, besides that, understandable reading is not your strongest point. However....you already wrote "part of the day" yourself, so you're on the right track ! You should only trade during volatile hours, start of the session and certainly if you do that with futures. Besides that, focusing all day is just very difficult but apparently you can do that? Very good
I am really saying goodbye now because I am sure there will be another reaction from you that makes no sense.
Keep it simple without too many crappy indicators!
56 traders viewing now