Disliked{quote} back in those years, USDCHF and EURUSd are inversely correlated but in recent times this is not always the case. Edit compare Weekly {image}Ignored
- #102,583
- Apr 13, 2020 4:42am Apr 13, 2020 4:42am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #102,585
- Apr 13, 2020 5:11am Apr 13, 2020 5:11am
Trading Made Simple
and 5130 pages of content!! Not bad
I tried to get a picture about all this here and must say it is not that easy. Will have to take 5-6 hours to sort everything and start from page 1 I think. However what I realised there were many adjustments during the years and also a release of an EA as a live trading mentor.
Always being a fan of understanding strategy first and then switch to automatic tools, however for the ones who would like to give a hint: whats the best option to get a good summary about all this without reading all 5000 pages? If you say there is no way around I'll take my half yr to do it
and 5130 pages of content!! Not bad
I tried to get a picture about all this here and must say it is not that easy. Will have to take 5-6 hours to sort everything and start from page 1 I think. However what I realised there were many adjustments during the years and also a release of an EA as a live trading mentor.
Always being a fan of understanding strategy first and then switch to automatic tools, however for the ones who would like to give a hint: whats the best option to get a good summary about all this without reading all 5000 pages? If you say there is no way around I'll take my half yr to do it
- #102,587
- Apr 13, 2020 5:23am Apr 13, 2020 5:23am
Trading Made Simple and 5130 pages of content!! Not bad
https://www.forexfactory.com/showthr...3#post12569373
- #102,588
- Apr 13, 2020 5:51am Apr 13, 2020 5:51am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} I wouldn't enter either, though TDIs on my H4 and H1 charts agree. PA is king, so unless price breaks and closes below 1.09200, I'd be sitting on my hands.
D1 HA is above its 5EMA ... PA is king,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #102,589
- Apr 13, 2020 5:54am Apr 13, 2020 5:54am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Trading Made Simple and 5130 pages of content!! Not bad
WELCOME to TMS!
you asked for a summary, here is my summary:
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.
Enjoy and Have fun during your learning journey..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #102,590
- Apr 13, 2020 5:57am Apr 13, 2020 5:57am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #102,591
- Apr 13, 2020 6:02am Apr 13, 2020 6:02am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} No Trade!!! {image}
That's the right decision - Plan the Trade, Trade the Plan.
trade plan today is to buy ... following Daily and it is Bullish at the time of the setup
although H1 and H4 are aligned, the D1 is not.
there are previous support below clearly seen on the H1 big picture and farther left Apr 07 is resistance turn support.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #102,592
- Apr 13, 2020 6:07am Apr 13, 2020 6:07am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
was I dreaming earlier today?
328 people viewing this thread and only 4 members. could be the effect of the lockdown and people are following the 'stay at home' orders.
Big E would have like this amount of traffic.
328 people viewing this thread and only 4 members. could be the effect of the lockdown and people are following the 'stay at home' orders.
Big E would have like this amount of traffic.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #102,593
- Apr 13, 2020 7:56am Apr 13, 2020 7:56am
{quote}
Also, I'd usually refer only to H4 when I'm trading H1. I'm only ever in for no more than three H1 bars per trade, so I can't be bothered (but I guess it doesn't hurt). I'd definitely refer to the Daily when trading H4.
Anyway, I've still got a lot to learn in this system.
- #102,594
- Apr 13, 2020 1:03pm Apr 13, 2020 1:03pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Trading Made Simple and 5130 pages of content!! Not bad
Study > BigE full.pdf
You only have to read what the Big has posted.
- #102,595
- Apr 13, 2020 1:12pm Apr 13, 2020 1:12pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} Tekkies you forgot to apply Post#647 When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last reversal... big, little, what How does the momentum look right now (12-2, 4-6) Does Stoch's confirm the TDI signal
- #102,597
- Apr 13, 2020 6:24pm Apr 13, 2020 6:24pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} If you say so. {image}
Tekkies
yes, I said so. You grow up and be focus on trading and trade Trading Made Simple 5-Method the way has laid out.
you have been in this thread for 4 years and you should by now can follow One, Two and Three
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #102,598
- Apr 13, 2020 6:31pm Apr 13, 2020 6:31pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #102,599
- Apr 13, 2020 6:43pm Apr 13, 2020 6:43pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
does anyone know what is 2/8 Daily trend that specified in the V19 manual if u switched TMA off for auto buy/sell anyone has more info about it second thing in V19 when it state the TDi slope : 4 what does it mean ( we want it 4-6 buy and 12-2 sell ) and also for stochastic slop: 5 as Emanuel stated which sometimes appear in -ve like -10 how is that related to number 5 we choose
hi samobeast
Have you been reading on daily basis?
TMS_V19 Q&A
what is Trend 2/8 -TF- displayed on the screen?
see Post#102,546
also TMS traders do not use the TMA.
the TDI green Price Line is calculated as a value (default = 4) and has nothing to do with the clock face 12-2 and 4-6.
the Stochastics slope is also a calculated value (default =5) and you have the option to use this or simply set that to false.
Observe both the TDI slope and Stoch slope and the actual status of both indicators in the sub-windows, take notes on what you see and learn the meaning of each when the value shows negative.
chart example below:
showing negative values TDI slope and Stoch slope.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #102,600
- Apr 13, 2020 6:54pm Apr 13, 2020 6:54pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett