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Trading Made Simple

  • #103,281
  • Apr 28, 2020 6:11am Apr 28, 2020 6:11am
Quoting lddd
What if i would just focus on one time frame below H1 trading the TMS, like M15. Only look at M15, only enter on M15, only SL/TP for M15. Any chance of an profitable outcome even if just trying one instrument like GU between london open-close?.
Then because you are going to ignore valuable information from other timeframes, you either have to live with more losing entries or try to compensate by extracting more information from the price bars themselves. But that also would take more work and study on your part, so I don't think that is going to happen. So, I suggest that if you decide to stick to one timeframe, simply write down SOME set of setup and entry rules, and then follow them like a robot. Take screen captures of the chart so that you can study later each setup.

When you study these screen captures, be sure that you are looking ONLY at ones for which you strictly followed your set of rules. Then look at price bars and HA bars about 10-15 earlier than your entry and see if you find similarities in all of the winners, and something different in many of the losers. It might even be helpful to switch from price bars to a line chart and see if that gives you some useful information. Also look at the stochastic and TDI positions, if you are using those indicators. I suggest displaying the TDI yellow as well, but you may prefer to strictly adhere to BigE's preference and not display it.
To free Gazans of Hamas, use whatever it takes.
  • #103,282
  • Apr 28, 2020 6:29am Apr 28, 2020 6:29am
Wow!
You guys are really pathetic.
The OP trading journey stopped and he died 8 years ago. You want to limit your ability to trade the markets to just the OP posts in this thread, that's fine.
You all are still talking about what he did, what he said, etc. and ignored everything else what he did not say, etc.
You guys simply stopped learning more on your own and to build your own knowledge and experience.
You want to attack me that's fine but you all will eventually be the losers in the markets because you limit yourselves to become better traders than the OP was way back in 2011.
Listen to your teacher when you are ready. When your are ready your teacher will appear.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,283
  • Edited 8:09am Apr 28, 2020 6:39am | Edited 8:09am
Quoting emmanuel7788
Wow! You guys are really pathetic. The OP trading journey stopped and he died 8 years ago. You want to limit your ability to trade the markets to just the OP posts in this thread, that's fine. You all are still talking about what he did, what he said, etc. and ignored everything else what he did not say, etc. You guys simply stopped learning more on your own and to build your own knowledge and experience. You want to attack me that's fine but you all will eventually be the losers in the markets because you limit yourselves to become better traders...
No one has said to stop learning. What many here have said is stop distorting/changing/perverting what BigE posted about TMS. He made it clear that EVERYTHING needed to trade successfully is here. Of course, there are many other things that can be added, things subtracted, and still get a successful system. But that is not the point of THIS thread! If you want to do something DIFFERENT from what BigE presented here, then MOVE ON to another thread like many others have already done!
To free Gazans of Hamas, use whatever it takes.
  • #103,284
  • Apr 28, 2020 6:46am Apr 28, 2020 6:46am
Quoting lddd
{quote} //// Only look at M15, only enter on M15, only SL/TP for M15. Any chance of an profitable outcome even if just trying one instrument like GU between london open-close?.

lddd wrote:
Only look at M15, only enter on M15, only SL/TP for M15. Any chance of an profitable outcome even if just trying one instrument like GU between london open-close?.

Yes. Big E old thread started to trade GBPUSD M15 only. He subscribed to Craig Harris Natural Flow of the Market Forex System NFF which uses the Stochastics (8,3,3).
Big E then added Dean Malone Synergy by blending the two indicators to look for trade setups. Basically he use one method to filter the other method and look for the best setups. He discovered the TMS reversal candle which can be the same reversal candle of NFF or it can be one candle late. Nothing special what his 5-Method is since 2010. It is simple price action but then people are just too relying on that TDI to filter the Stochastics.
Big E himself said this very early in 2011 that you can trade without the TDI. He did not explain how and why and he went offline and he died.
Those in his skype group knew he mentioned about his advance method but he fell very ill in June 2011.... thereafter, nothing heard.

You can trade M15 EURUSD and GBPUSD, also EURGBP as the hedging and recovery pair.
But do not expect 85% to 90% win rate. 55% win rate is what you should work towards achieving consistency and Expectancy of above 2.5.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,285
  • Apr 28, 2020 7:00am Apr 28, 2020 7:00am
Quoting lddd
{quote} There used to be a TMS challenge?

That challenge is not about trading TMS.

It was for members who make claims and talk a lot of shit in Forex Factory.

The challenge was simple. Open a live TE and trade from Jan to Dec 2018, and if the account survive the 12 months, then the results speaks for itself.

I joined in that challenge and my focus was on CONSISTENCY for that 12 months and I achieved my goal.

https://www.forexfactory.com/showthr...0#post11834080

And Tekkies talked a lot of crap in that thread, tried to add / change some of the rules set by the OP MoneyZilla. Tekkies chicken out and closed his TE.

And yesterday he posted this:

Quoting Tekkies
{quote} Post 72,380: Friday with the XM competition I did exactly what I were not suppose to do. I broke TMS rules because I came emotionally involved and pancid. ----- Learned a harsh lesson. Am not ashamed of that lost. If I were then I would not have mentioned the competition. One again Emmanuel you failed miserably to embarrass. As to 85% to 90% would you not love to know. I already propose a deal. I open my TE and you never post again in this[/highlight]...
He now wants to post his TE and ask me to leave this thread.

He forgotten that thread: Verbal diarrhea matches trading skills? https://www.forexfactory.com/showthread.php?t=723914

and he the loser in 2018.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,286
  • Apr 28, 2020 7:05am Apr 28, 2020 7:05am
Quoting DrDave
{quote} Then because you are going to ignore valuable information from other timeframes, you either have to live with more losing entries or try to compensate by extracting more information from the price bars themselves. But that also would take more work and study on your part, so I don't think that is going to happen. So, I suggest that if you decide to stick to one timeframe, simply write down SOME set of setup and entry rules, and then follow them like a robot. Take screen captures of the chart so that you can study later each setup. When you...
Great, thanks. Yes i am aware of fact of more losing trade when ignoring other timeframes. Not only that i am also completely ignoring S/R, 68/32 levels so far as well as probably a lot more.

Like you said i am trying to make it as "simple" as possible to me in the meantime while still learning about all these things.

Yes, i will go over my trades by the end of the month.

I will also try to manual backtest the setups for one time frame i would have taken during my trading times. Not sure about the impact of the TDI showing wrong setups here on the histogram due to the repainting problematic. I will just mark the TDI cross over signals i would most likely have taken by what i see from that histogram and price chart.
  • #103,287
  • Apr 28, 2020 7:11am Apr 28, 2020 7:11am
Is there a way i could enter at the exact open of the new candle happens after the TDI green/red crossover setup bar? I don´t mean setting a pending order at a visual point of the chart for that time, but more like an automatic order that gets executed at what ever price the new bar opens, and is that even a smart thing?

I see often times my entries are quiet far away from the open of that candle (sometimes up to 10+ Pips) while doing anything by hand. I guess this is a true problematic for my kind of short profit targets and also don´t want to leave any more pips on the table than needed.
  • #103,288
  • Apr 28, 2020 7:17am Apr 28, 2020 7:17am
Quoting lddd
{quote} ///Only look at M15, only enter on M15, only SL/TP for M15. Any chance of an profitable outcome even if just trying one instrument like GU between london open-close?.
Only look at M15, only enter on M15, only SL/TP for M15.

the better option to consider is forget about TMS and trade COWABUNGA.

I traded COWABUNGA for years before I came upon Synergy in 2007 and Big E 5-Method in Forex Factory.

https://www.forexfactory.com/showthr...55#post8474455

also search

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,289
  • Apr 28, 2020 7:19am Apr 28, 2020 7:19am
Quoting lddd
{quote} Yes... I did not understand the correct usage of the 68/32 levels out of BigE´s posts so far. 68 = overbought = short signals will be ignored? 32 = oversold = long signals will be ignored? How to read these levels regarding to the lines of the TDI indicator´s window. If TDI green/red line "touching" the levels? If TDI green/red line "near" the levels? If Price closed above/below the levels? Also what is the logic behind it skipping those trades forming at these levels? There is a lot of discrepancy about overbough/oversold again if you listen...
The answer is all on your chart. No need to look anywhere else.
You have a line at 1.24011. Zoom out and see how many times price has struggled to break it (it's a BRN 1.2400) which means GU respects it.
It's also the FO hour which is always risky.
When LO opened do the check list
1. Did TDI cross with good angle
2. Was cross at or above 50 level (and above MBL if using)
3. Did APB close above 5ema (or PAC if using)
With a 15 pip SL it turned into an easy RR 1-4 by keeping it simple and applying the basics.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #103,290
  • Apr 28, 2020 7:26am Apr 28, 2020 7:26am
#off-topic.

If i do only 1 trade in 5 years, win that one and come out of 1 millions in profit can I then call my self a long term profitable professional trader?

Also would a broker honor that trade and payout the million? Hmm.
  • #103,291
  • Apr 28, 2020 7:27am Apr 28, 2020 7:27am
Quoting lddd
Is there a way i could enter at the exact open of the new candle happens after the TDI green/red crossover setup bar? I don´t mean setting a pending order at a visual point of the chart for that time, but more like an automatic order that gets executed at what ever price the new bar opens, and is that even a smart thing? I see often times my entries are quiet far away from the open of that candle (sometimes up to 10+ Pips) while doing anything by hand. I guess this is a true problematic for my kind of short profit targets and also don´t want to...

Yes. That is easy but not for M15 trading. Use the Average Entry Price for entries.

I trade the Daily swing and open multiple positions using the M5 signals ( can be RSI cross or MACD cross for automation) after the Daily reversal signal as per Big E post#8703. But I don;t use the TDI for exit. Use HA candle change colour for exit and use CandleStickTrailing Stop.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,292
  • Apr 28, 2020 7:30am Apr 28, 2020 7:30am
Quoting Lookleft
{quote} The answer is all on your chart. No need to look anywhere else. You have a line at 1.24011. Zoom out and see how many times price has struggled to break it (it's a BRN 1.2400) which means GU respects it. It's also the FO hour which is always risky. When LO opened do the check list 1. Did TDI cross with good angle 2. Was cross at or above 50 level (and above MBL if using) 3. Did APB close above 5ema (or PAC if using) With a 15 pip SL it turned into an easy RR 1-4 by keeping it simple and applying the basics.


Now folks, listen to the experienced traders who knows price action and TMS 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,293
  • Apr 28, 2020 7:37am Apr 28, 2020 7:37am
Quoting emmanuel7788
{quote} Yes. That is easy but not for M15 trading. Use the Average Entry Price for entries. I trade the Daily swing and open multiple positions using the M5 signals ( can be RSI cross or MACD cross for automation) after the Daily reversal signal as per Big E post#8703. But I don;t use the TDI for exit. Use HA candle change colour for exit and use CandleStickTrailing Stop.
What i did mean is, how exactly I would be able to execute an order at the exact open price of any new price tick once the setup candle completed / closed below or above the EMA in advance. Maybe I need some kind of trade management tool/indicator for that.
  • #103,294
  • Apr 28, 2020 7:38am Apr 28, 2020 7:38am
Quoting lddd
#off-topic. If i do only 1 trade in 5 years, win that one and come out of 1 millions in profit can I then call my self a long term profitable professional trader? Also would a broker honor that trade and payout the million? Hmm.

In my last 20 years, I never had one single broker who would hold my account for me for more than 36 months. Each time, they gave me reason why they move my account to another server and I need to close all my trades, or ask me to upgrade my account type for some reasons, limit the numbers orders I can open, etc.

If you want to hold positions for more than 12 months, go trade using a bank call account.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,295
  • Apr 28, 2020 7:44am Apr 28, 2020 7:44am
Quoting Lookleft
{quote} The answer is all on your chart. No need to look anywhere else. You have a line at 1.24011. Zoom out and see how many times price has struggled to break it (it's a BRN 1.2400) which means GU respects it. It's also the FO hour which is always risky. When LO opened do the check list 1. Did TDI cross with good angle 2. Was cross at or above 50 level (and above MBL if using) 3. Did APB close above 5ema (or PAC if using) With a 15 pip SL it turned into an easy RR 1-4 by keeping it simple and applying the basics.
So you mean only checking once a day at the London open for possible TDI setups and if there is nothing waiting for the next day?

Regarding to point 2.

Not using the MBL for now.

So I should only take setups near the 50 level? What is the difference between AT or above here? Maybe some charts would help where this is marked at exact point, from the charts the OP posted he always just marked the TDI cross over vertical line, I guess he assumed that all others would already know about that basic stuff.
  • #103,296
  • Apr 28, 2020 7:47am Apr 28, 2020 7:47am
Quoting lddd
{quote} What i did mean is, how exactly I would be able to execute an order at the exact open price of any new price tick once the setup candle completed / closed below or above the EMA in advance. Maybe I need some kind of trade management tool/indicator for that.

it is very difficult using single entry market order. You need a trade manager to place orders for you based on the trade window, i.e. after a signal, you place a trade at a preferred price during a time duration which is the trade window. This will also mean you miss many trade opportunities while waiting your the preferred price which may not come. Your preferred price is usually during a retracement.

some traders I know use limit order.

I prefer use multiple orders and get an average entry price of 3 to 5 positions. ... max 5 positions as one basket entry.

That is my TMS EVO money management and I scale-in positions as market move in my favour.

Trading single shot like Big E risking 15% to 30% per trade is not my style.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,297
  • Apr 28, 2020 7:58am Apr 28, 2020 7:58am
Quoting emmanuel7788
{quote} In my last 20 years, I never had one single broker who would hold my account for me for more than 36 months. Each time, they gave me reason why they move my account to another server and I need to close all my trades, or ask me to upgrade my account type for some reasons, limit the numbers orders I can open, etc. If you want to hold positions for more than 12 months, go trade using a bank call account.
Ah okay, good to know. I was expecting something like that.

i didn’t had any kind of trouble yet with the brokers I used when it comes to execution/handling of orders or even withdrawing money. However the largest amount taken out so far used to be a 20k and then several withdrawals of 2-3k. Always no problem.

Now I am not sure if „theoretical“ let’s say I made 1 Million out of an 100k Account. Would the broker if it’s regulated (no bucket shop) where I also paid ECN commissions for each single trade honor such trading wins and actually withdrawal a sum like that without trying to play dirty games where I would have to take legal steps to get my money after 10 years of law suits? :-)

I guess normally that shouldn’t be the case or?
  • #103,298
  • Apr 28, 2020 8:07am Apr 28, 2020 8:07am
Quoting emmanuel7788
{quote} it is very difficult using single entry market order. You need a trade manager to place orders for you based on the trade window, i.e. after a signal, you place a trade at a preferred price during a time duration which is the trade window. This will also mean you miss many trade opportunities while waiting your the preferred price which may not come. Your preferred price is usually during a retracement. some traders I know use limit order. I prefer use multiple orders and get an average entry price of 3 to 5 positions. ... max 5 positions...
Ok i understand. I would like to test a trade management tool where position size is calculated for a fixed percentage SL of my currents account equity. I just don’t know which tool is good either paid or free doing a stable job here execution these orders flawless.
  • #103,299
  • Apr 28, 2020 8:14am Apr 28, 2020 8:14am
Quoting emmanuel7788
{quote} That challenge is not about trading TMS. It was for members who make claims and talk a lot of shit in Forex Factory. The challenge was simple. Open a live TE and trade from Jan to Dec 2018, and if the account survive the 12 months, then the results speaks for itself. I joined in that challenge and my focus was on CONSISTENCY for that 12 months and I achieved my goal. https://www.forexfactory.com/showthr...0#post11834080 And Tekkies talked a lot of crap in that thread, tried to add / change some of the rules set by...
More evidence of your unstable mental condition. We already have plenty examples of it so please just stop. If you don't have something to contribute to TMS, then just stay silent.

of course, my expectation of you actually making any changes in your behavior is... I expect to see no change at all for the better, because you have not gotten your mental problems under control.
To free Gazans of Hamas, use whatever it takes.
  • #103,300
  • Apr 28, 2020 8:15am Apr 28, 2020 8:15am
Quoting lddd
{quote} So you mean only checking once a day at the London open for possible TDI setups and if there is nothing waiting for the next day? Regarding to point 2. Not using the MBL for now. So I should only take setups near the 50 level? What is the difference between AT or above here? Maybe some charts would help where this is marked at exact point, from the charts the OP posted he always just marked the TDI cross over vertical line, I guess he assumed that all others would already know about that basic stuff.
I look for TMS setups at LO, NYO and NYSE open when the money starts to move and direction is set.
The GU trade you showed, I took but only closed an hour ago for 90 pips by stepping up to H1 and waiting for an exit at 1.2500 (draw a line on the H1 and zoom out, what do you see?).
Taking longs at or just above the 50 level give a better probability (shorts vice versa). Look back at the chart you posted and you'll see a couple of buy trades where the TDI cross was under the 50 level. They made pips but not very many.
Never argue with a fool; onlookers may not be able to tell the difference.
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