Trading Made Simple | Page 5111 | 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

  • #102,201
  • Mar 31, 2020 10:08am Mar 31, 2020 10:08am
Quoting DrDave
Here is post #2 1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... (That means when the marked bar CLOSES with the green x red, enter at the open of "that new PA candle..." after the vertical line.){image} {quote}
Of course when it closed.
  • #102,202
  • Mar 31, 2020 10:12am Mar 31, 2020 10:12am
Quoting emmanuel7788
USDJPY Mar 31 M15 FO nice price action plus green angle ... {image}
Could you share that alert indicator, would like to give it a test.
  • #102,203
  • Edited 11:46am Mar 31, 2020 11:18am | Edited 11:46am
Quoting lddd
{quote} Of course when it closed.
You say "Of course". But others have debated this, believe it or not, saying that the entry is to be on the CURRENT bar as soon as you see the green line is past the red line (and the preferred angle) without waiting for the bar to close.
To free Gazans of Hamas, use whatever it takes.
  • #102,204
  • Mar 31, 2020 11:28am Mar 31, 2020 11:28am
Quoting DrDave
{quote} You say "Of course". But others have debated this, believe it or not, saying that the entry is to be on the CURRENT bar as soon as you see the green line is past the red line (and the preferred angle) without out waiting for the bar to close.
Then you trade a price bar/candle that has not been confirmed yet. For sure you can do that and under some circumstances it even makes sense I think like when trading intraday where your take profit targets are not of far distance anyways. So you get a far better price for your entry then if going in once you see green/red crossing.

But i think the OP was meaning to makes entries mainly after the candle closed if red/green still crossed at that bar/candle where the cross happened and then buy or sell at the open price of the new bar/candle if possible and no later than the next 2 bars/candles.
  • #102,205
  • Mar 31, 2020 11:45am Mar 31, 2020 11:45am
Quoting lddd
{quote} Then you trade a price bar/candle that has not been confirmed yet. For sure you can do that and under some circumstances it even makes sense I think like when trading intraday where your take profit targets are not of far distance anyways. So you get a far better price for your entry then if going in once you see green/red crossing. But i think the OP was meaning to makes entries mainly after the candle closed if red/green still crossed at that bar/candle where the cross happened and then buy or sell at the open price of the new bar/candle...
This is what MOST people say as well. But because of later posts where he described the setup bar and entry bar with some different terminology, some people then said that the OP meant to enter BEFORE the bar closes as soon as you "see green on the other side of red". Personally, I wait for bar close to make a decision if there was a green x red.
To free Gazans of Hamas, use whatever it takes.
  • #102,206
  • Mar 31, 2020 11:58am Mar 31, 2020 11:58am
First and foremost, Trading Made Simple is NOT a system. This thread is about the trading journey of the OP Eric Franz aka Big E who started in 2008 like most forex trading newbie and he journeyed through several systems and methods and he developed his own new methods by blending components of other systems/methods to create new ones.
Know the TMS 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.



Introduction to Trading Made System

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 Post#1, he explained how he traded the H4 10PM, 2AM and 6AM candles on his 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.

Another thing to take note is : Big E was a rule-based discretionary trader. According a study by Dr. Van K Tharp, this type of traders are the best traders. Do some research on yoour own and see if Dr. Van Tharp is right.

Enjoy and Have fun during your learning journey..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
1

THANKS EMMANUEL7788
ENJOY YOUR TRADE
  • #102,207
  • Mar 31, 2020 12:22pm Mar 31, 2020 12:22pm
Quoting DrDave
{quote} This is what MOST people say as well. But because of later posts where he described the setup bar and entry bar with some different terminology, some people then said that the OP meant to enter BEFORE the bar closes as soon as you "see green on the other side of red". Personally, I wait for bar close to make a decision if there was a green x red.
There are so many more vague statements by the OP making this topic a perfect place for conspiracy theorists. It’s what I am saying all the time here.

Like the poster just before said again it’s no system and also no clear described strategy. It’s the TDI and a few personal claims by the OP that has never been backed by any data, still the topic is active under the systems section with one or two hijacked leaders constantly keeping on that endless debate of what the OP said, how he might have interpreted something or not or starting to attack each other’s in a personal way. Welcome to the internet :-)
  • #102,208
  • Mar 31, 2020 12:23pm Mar 31, 2020 12:23pm
Quoting Emma7788-FAN
First and foremost, Trading Made Simple is NOT a system. This thread is about the trading journey of the OP Eric Franz aka Big E who started in 2008 like most forex trading newbie and he journeyed through several systems and methods and he developed his own new methods by blending components of other systems/methods to create new ones. Know the TMS 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...
Yep, it is a expensive gift. One your account cannot afford.
Can point to a few mistakes in that expensive gift.

Hey, why bother, you won't believe me anyway.
What I do know is your account will indicate very fast something is not right.
  • #102,209
  • Mar 31, 2020 12:29pm Mar 31, 2020 12:29pm
Quoting Emma7788-FAN
Big E was a rule-based discretionary trader. According a study by Dr. Van K Tharp, this type of traders are the best traders. Do some research on yoour own and see if Dr. Van Tharp is right.
That is also just a unproven claim like „I am the best trader of the world“.

Did anyone ever sitter next to BigE for all his trading and filmed it or can give you any other kind of proof that he was such type of trader?

No. So why saying that?
  • #102,210
  • Mar 31, 2020 1:15pm Mar 31, 2020 1:15pm
Quoting lddd
{quote} That is also just a unproven claim like „I am the best trader of the world“. Did anyone ever sitter next to BigE for all his trading and filmed it or can give you any other kind of proof that he was such type of trader? No. So why saying that?
Look at the user name. Who is the one that post that everyday. So now you know why.
When one jump into the fire, the other that follow will also jump into fire.
  • #102,211
  • Mar 31, 2020 6:19pm Mar 31, 2020 6:19pm
Quoting emmanuel7788
{quote} EURUSD Week 14 Mar 30 to Apr 03 Plan your Trade, Trade your Plan continuation trade from the last reversal on Mar 25. 're-investing' profits made last week. {image} remember the OP Post#8703 "... test the Daily..." and that post was Jul, 2011... now is Mar 2020.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Mar 30 Daily trade open 30-3-2020 7-45-08 am.png Size: 55 KB



EURUSD Arp 01 Daily trade closed ...LOSS.

Close buy when the APB/HA closed changed colour, not waiting for the TDI to cross down. Take the loss and look for the next trade opportunity.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Apr01 D1 trade closed loss 1-4-2020 7-09-25 am.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,212
  • Mar 31, 2020 6:26pm Mar 31, 2020 6:26pm
Quoting Emma7788-FAN
First and foremost, Trading Made Simple is NOT a system. This thread is about the trading journey of the OP Eric Franz aka Big E who started in 2008 like most forex trading newbie and he journeyed through several systems and methods and he developed his own new methods by blending components of other systems/methods to create new ones. Know the TMS 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...
Funny post Emma

you copied and pasted ... including my signature ...

Enjoy and Have fun during your learning journey..

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

and you got Tekkies' blood pressure hit a new DAY high!

Attached Image (click to enlarge)
Click to Enlarge Name: blood pressure reading.png Size: 271 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,213
  • Mar 31, 2020 6:50pm Mar 31, 2020 6:50pm
Quoting lddd
{quote} Could you share that alert indicator, would like to give it a test.

see post today

https://www.forexfactory.com/showthr...3#post12848023
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,214
  • Edited 7:10pm Mar 31, 2020 6:55pm | Edited 7:10pm
Quoting Tekkies
{quote} Where does the re-painting happen on those chart's you posted? Only respond with One or Two One > While you trade with Post#25 TDI. Two > After you have re-fresh chart.
Tekkies

I am a very patient man and I will be repeating the same answer for you no matter how many times you ask again and again.

In your post#73,461 you provided wrong information about the TDIs. See my comments below.

Now you have to test the TDI versions in realtime live market, observe how the TDI lines reacts to price, take notes and learn on your own.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post 73,461 wrong information.png Size: 502 KB


If you insist on a One, Two and Three type of MCQ answers, then try these Options.

Click and read One, Two and Three
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,215
  • Edited 7:30pm Mar 31, 2020 7:19pm | Edited 7:30pm
Quoting Emma7788-FAN
... 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...

...I moved on and made my own system without mastering the so-called 5-Method ; )─

Since TDI is universally is just an RSI with additional lines that acts as a confluence or confirmation for probable directional movement and/or hindsight bias. In the end, I made another TDI or a hybrid version of it and aptly named it as TDZ.

Actually... not so long time ago, someone PM'd herein and claimed that he was the man coined or made the TDI (in essence or exact science of it) long before (team) Dean Malone made it commercially available.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #102,216
  • Mar 31, 2020 10:56pm Mar 31, 2020 10:56pm
Quoting emmanuel7788
{quote} Tekkies I am a very patient man and I will be repeating the same answer for you no matter how many times you ask again and again. In your post#73,461 you provided wrong information about the TDIs. See my comments below. Now you have to test the TDI versions in realtime live market, observe how the TDI lines reacts to price, take notes and learn on your own. {image} If you insist on a One, Two and Three type of MCQ answers, then try these Options. Click and read...
You have not answered the question directly or indirectly.
Links to post's does not cut mustard, they don't address TDI re-paint.
-----
When does the re-painting happen?
Only respond with One or Two
One > While you trade with Post#25 TDI.
Two > After you have re-fresh chart.

Every-time you re-post my post I will ask you those to questions.

Sooner or later readers / members will ask why does Emmanual not answer
with "Tekkies it is Point One" or Tekkies it is Point Two"

Afraid it will show members you are wrong about TDI?
  • #102,217
  • Mar 31, 2020 11:48pm Mar 31, 2020 11:48pm
Quoting emmanuel7788
Trading the FOREX BASKETs . Nothing new because traders have been trading COMPOSITE currency pairs for years. Your broker may offer this so why not consider trading these instead of single paired currencies. https://www.fxcm.com/markets/forex-baskets/ {image}

JPYBasket Apr 01 update

slow moving ... but its direction above its 5EMA is intact.

attention when there is price GAP...

should pay attention when Friday NFP.


Attached Image (click to enlarge)
Click to Enlarge Name: JPYBasket Apr 01 update 1-4-2020 12-41-31 pm.png Size: 277 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,218
  • Mar 31, 2020 11:53pm Mar 31, 2020 11:53pm
Quoting Tekkies
{quote} You have not answered the question directly or indirectly. Links to post's does not cut mustard, they don't address TDI re-paint. ----- When does the re-painting happen? Only respond with One or Two One > While you trade with Post#25 TDI. Two > After you have re-fresh chart. Every-time you re-post my post I will ask you those to questions. Sooner or later readers / members will ask why does Emmanual not answer with "Tekkies it is Point One" or Tekkies it is Point Two" Afraid it will show members you are wrong about TDI?
@Tekkies

I have already answered the same question more than 10 times. You just need to read them again and again until you get it.

In your post#73,461 you provided wrong information about the TDIs. See my comments on your post#73,461 below.

Now all you need to do is stop wasting time and do your own tests of the TDI versions in realtime live market, observe how the TDI lines reacts to price, take notes and learn on your own.


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post 73,461 wrong information.png Size: 502 KB


If/When any member ask me about the TDI I will reply them. Just be patient wait and see.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,219
  • Apr 1, 2020 12:02am Apr 1, 2020 12:02am
Watch the TDI re-paints... The Saga of the TDI Indicator video:

Inserted Video


The OP of this thread used that older TDI version in Post#25 which is the re-painting version and he did not have any problem to trade with it. The solution is rather simple, start your MT4 and leave your platform connected to your broker and running during your trading hours. Wait for the trade setups - both reversal and continuation trade setups, look at the HA candles for price action and the 5EMA for its direction. Simply trade what you see on your trading charts and timeframes.

If you have any problem , then please post your charts and ask questions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,220
  • Apr 1, 2020 12:08am Apr 1, 2020 12:08am
AUDUSD Apr 01 M15 trade taken by TMS_V19

I have TMS_V19 running in my VPS and it took a trade earlier.

This trade did not go anywhere and I will leave this alone till the London session opens.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Apr 01 M15 V19 trade open 1-4-2020 1-04-56 pm.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
148 traders viewing now, 1 is registered:
petkue