Trading Made Simple | Page 5359 | 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

  • #107,161
  • Aug 8, 2020 6:33am Aug 8, 2020 6:33am
Quoting mabooz
{quote} I really don't get it. Why no one here follow the rules? It's pretty simple all laid out in page one. Many many indicators added. Did any of you try to follow exactly what BigE did? Use his rules hist tips his stuff. Not anyone else. NOT ANYONE ELSE
Rather simple mabooz.
Because every member that post differently to what BigE has laid out thinks he knows better.
  • #107,162
  • Aug 8, 2020 6:40am Aug 8, 2020 6:40am
Quoting mabooz
{quote} I really don't get it. Why no one here follow the rules? It's pretty simple all laid out in page one. Many many indicators added. Did any of you try to follow exactly what BigE did? Use his rules hist tips his stuff. Not anyone else. NOT ANYONE ELSE
Quoting Tekkies
{quote} Rather simple mabooz. Because every member that post differently to what BigE has laid out thinks he knows better.

Hi mabooz

I see you started your new thread https://www.forexfactory.com/thread/...pb-bars-lovers
CONGRATULATIONS! .. you can trade without the TDI.

and you removed the TDI and the Stoch.

Big E was right when he made these posts that you can trade without the TDI.

Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,163
  • Aug 8, 2020 6:47am Aug 8, 2020 6:47am
Quoting Tekkies
{quote} Rather simple mabooz. Because every member that post differently to what BigE has laid out thinks he knows better.

well, that is simple. If you follow the trading journey of the OP here in Forex Factory and you stop learning the moment he stopped posting in Oct 2011, you are a laggard.... your trading knowledge died the same time the OP died.
no man will ever learn to trade the markets and make money consistently by just reading 1485 posts by one member in a public forum.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E eelfranz profile 68 hours.png Size: 541 KB

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,164
  • Aug 8, 2020 7:08am Aug 8, 2020 7:08am
Quoting Tekkies
{quote} To start with I did not ask for anything. Unless you think that "like" == "ask". ---- Post 107,156 :you need to see the price reversal then look if you have a TDI signal to take a trade. You are the one that must read carefully what is written by BigE. It is:If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... "If" is applied twice to reversal:If there , if not "do" is applied to TDI Post fact's not assumption....

@Tekkies

now read carefully what the OP said:
- do you want higher success?
- what did you learn when you study old charts?

- you can trade without the Stoch and TDI.

May 16, 2011
#2617

2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,165
  • Aug 8, 2020 7:17am Aug 8, 2020 7:17am
Quoting emmanuel7788
{quote} @Tekkies now read carefully what the OP said: - do you want higher success? - what did you learn when you study old charts? - you can trade without the Stoch and TDI. May 16, 2011 #2617 2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle...
How do you understand the word "nothing"
  • #107,166
  • Aug 8, 2020 7:35am Aug 8, 2020 7:35am
Quoting Tekkies
{quote} How do you understand the word "nothing"

read that post in its entirety not just one word 'nothing'...

now read carefully what the OP said:
- do you want higher success?
- what did you learn when you study old charts?

- you can trade without the Stoch and TDI.

May 16, 2011
#2617

2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,167
  • Aug 8, 2020 7:40am Aug 8, 2020 7:40am
Quoting Tekkies
{quote} How do you understand the word "nothing"

now you can learn what the OP did with the word "blending".

you can learn a lot more about the OP when you read all his old posts and no limit yourself to just the 463 posts in this thread.

https://www.forexfactory.com/thread/...86#post4393586

https://www.forexfactory.com/thread/...06#post3327406

https://www.forexfactory.com/thread/...62#post3324862

https://www.forexfactory.com/thread/...49#post3320949

https://www.forexfactory.com/thread/...23#post3320923
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,168
  • Aug 8, 2020 8:14am Aug 8, 2020 8:14am
hello friends
can some one tell me how to avoid trades like this?
Attached Image (click to enlarge)
Click to Enlarge Name: terminal_DfVXop5phn.png Size: 12 KB
  • #107,169
  • Aug 8, 2020 9:15am Aug 8, 2020 9:15am
Quoting emmanuel7788
USDJPY Jul 28 Tokyo Open trade - same trade plan, go for TP1, TP2 and TP3 with Capital Protection 15 pips. - question is what are you trades Position Size for TP1, TP2 and TP3? - do you have a "Let Profit Run" just in case the market decide to be 'falling knife'? will CMv413 do the job for you? {image} if you want caveman' tool, go to this link: https://www.forexfactory.com/thread/...69#post2778369
Hi Emmanuel
Do you have a link or reference for where I can learn about spliting the positions in this way and how to size?
  • #107,170
  • Aug 8, 2020 9:34am Aug 8, 2020 9:34am
Quoting emmanuel7788
{quote} {quote} Hi mabooz I see you started your new thread https://www.forexfactory.com/thread/...pb-bars-lovers CONGRATULATIONS! .. you can trade without the TDI. and you removed the TDI and the Stoch. Big E was right when he made these posts that you can trade without the TDI. Jan 20, 2011 #3044 Honestly on the 5 method you don't really need any indicators because the simple entry rules are so...

I removed everything to make it simple and because I really dont need anything beside these bars. The synergy bars give me all that I need. I have failed to find an indicator that can enhance my view of these bars. They are the fastest. I don't trade them the way the creator (dean) nor BigE and the reason I can do this is because I have been staring at them for past 4 years. And I have even drawn more than 20 papers using pen so my brain got used to these charts...

That being said, there is no right for anyone to add more indicators to this thread. I think the intention of BigE to keep this thread without any more indicators is pretty clear.
  • #107,171
  • Aug 8, 2020 10:26am Aug 8, 2020 10:26am
Quoting mabooz
{quote} I removed everything to make it simple and because I really dont need anything beside these bars. The synergy bars give me all that I need. I have failed to find an indicator that can enhance my view of these bars. They are the fastest. I don't trade them the way the creator (dean) nor BigE and the reason I can do this is because I have been staring at them for past 4 years. And I have even drawn more than 20 papers using pen so my brain got used to these charts... That being said, there is no right for anyone to add more indicators to this...
"I think the intention of BigE to keep this thread without any more indicators is pretty clear."
Many, including Emmanuel fail or ignore that BigE posted this:
Post#1......... The key to this method is the Traders Dynamic Index indicator for entries and exits.
(Nicely highlighted in red by BigE. Why would he do that? Maybe BigE knew beforehand that member's like Emmanuel will come along and distort his method like ripping Post#2617 out of context.
"strip a chart down to nothing" means all and every indicator on that chart, including TDI and Stoch.
Take note how Emmanuel doge the question "How do you understand the word "nothing"

Even more remarkable is this post by BigE, one that have never been used by Emmanuel the why he use post#2617:
#285
The chart above... I was hoping to go thru the trades however when your posting you can't see the chart... duh!
Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now.
Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything... don't complicate it.
Wonder why?
----
"The synergy bars give me all that I need."
Good for you Mabooz, you took something from this thread and made it your own. At the end of the day that is all that matter.

Please post some chart's how you trade with synergy bars, what do you look at, what is your entry and exit signals.
  • #107,172
  • Aug 8, 2020 10:34am Aug 8, 2020 10:34am
Quoting Tekkies
{quote} "I think the intention of BigE to keep this thread without any more indicators is pretty clear." Many, including Emmanuel fail or ignore that BigE posted this: Post#1......... The key to this method is the Traders Dynamic Index indicator for entries and exits. (Nicely highlighted in red by BigE. Why would he do that? Maybe BigE knew beforehand that member's like Emmanuel will come along and distort his method like ripping Post#2617 out of context. "strip a chart down to nothing" means all and every indicator on that chart, including...
I am not interested at all to change any of BigE rules in his own THREAD!!! yes he said we can trade without TDI, but he asked to keep the thread as he wants it to be.

That being said, you can see the way I see/use the bars in my journal which I started recently...
https://www.forexfactory.com/thread/...pb-bars-lovers
  • #107,173
  • Aug 8, 2020 4:20pm Aug 8, 2020 4:20pm
Quoting Tekkies
{quote} "I think the intention of BigE to keep this thread without any more indicators is pretty clear." Many, including Emmanuel fail or ignore that BigE posted this: Post#1......... The key to this method is the Traders Dynamic Index indicator for entries and exits. (Nicely highlighted in red by BigE. Why would he do that? Maybe BigE knew beforehand that member's like Emmanuel will come along and distort his method like ripping Post#2617 out of context. "strip a chart down to nothing" means all and every indicator on that chart, including...

@Tekkies

read Post#1 again. Big E did not highlight any of his post in red colour..only you did to distract attention to what you want to read.

here below I can also selectively cut-and-paste from Post#1... its original test and colour.

"
The key to this method is the Traders Dynamic Index indicator for entries and exits. I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.

We only use Heiken Ashi candles... that's important.
"

I did not dodge your question on the word "nothing". That was clearly stated by the OP what he meant when he said he stripped his charts to nothing including the Stoch and TDI. You missed completely the meaning and purpose of that post by the OP himself. You have not reached his level of trading proficiency without the Stoch and TDI. You are still the newbie in this thread who still require the TDI as your learning wheels. You will need more time and practice, practice, practice until one day you will learn and you will then realize that taking trades would be breeze when you strip your charts to nothing.

Now read Post#2617 and follow simple rules for entries and exits.
https://www.forexfactory.com/thread/...18#post4619118

Question is, can you develop your own trading with simple rules for entries and exits without the TDI?
I doubt you can because you have not reached the level of trading that of the OP.

and you read these posts too.

#3044
#3103
#3418
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,174
  • Aug 8, 2020 4:28pm Aug 8, 2020 4:28pm
Quoting mabooz
{quote} I am not interested at all to change any of BigE rules in his own THREAD!!! yes he said we can trade without TDI, but he asked to keep the thread as he wants it to be. That being said, you can see the way I see/use the bars in my journal which I started recently... https://www.forexfactory.com/thread/...pb-bars-lovers

Fact is:

Nobody can change any of the Big E rules in his threads.... the old thread and this thread.
His trading journey here in Forex Factory is carved in stone and will be the same the next ten thousand years.

That one rule is simple rules for entries and exits.

In your case, you have done it without any oscillators ... no Stoch, no TDI . you eliminated one of the 'weakness' of TMS 5-Method.
Attached Image (click to enlarge)
Click to Enlarge Name: Big E eelfranz profile 68 hours.png Size: 541 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,175
  • Aug 8, 2020 4:33pm Aug 8, 2020 4:33pm
Quoting Tekkies
{quote} How do you understand the word "nothing"
Quoting emmanuel7788
{quote} now you can learn what the OP did with the word "blending". you can learn a lot more about the OP when you read all his old posts and no limit yourself to just the 463 posts in this thread. https://www.forexfactory.com/thread/...86#post4393586 https://www.forexfactory.com/thread/...06#post3327406 https://www.forexfactory.com/thread/...62#post3324862 https://www.forexfactory.com/thread/...49#post3320949 https://www.forexfactory.com/thread/...23#post3320923...

Quoting Tekkies
{quote} "I think the intention of BigE to keep this thread without any more indicators is pretty clear." Many, including Emmanuel fail or ignore that BigE posted this: Post#1......... The key to this method is the Traders Dynamic Index indicator for entries and exits. (Nicely highlighted in red by BigE. Why would he do that? Maybe BigE knew beforehand that member's like Emmanuel will come along and distort his method like ripping Post#2617 out of context. "strip a chart down to nothing" means all and every indicator on that chart, including...
@Tekkies

You dodged my question on "blending" with another of your usual crap ...

now you can learn what the OP did with the word "blending".

you can learn a lot more about the OP when you read all his old posts and not limit yourself to just the 463 posts in this thread.

https://www.forexfactory.com/thread/...86#post4393586

https://www.forexfactory.com/thread/...06#post3327406

https://www.forexfactory.com/thread/...62#post3324862

https://www.forexfactory.com/thread/...49#post3320949

https://www.forexfactory.com/thread/...23#post3320923
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,176
  • Aug 8, 2020 4:42pm Aug 8, 2020 4:42pm
Quoting mabooz
{quote} I removed everything to make it simple and because I really dont need anything beside these bars. The synergy bars give me all that I need. I have failed to find an indicator that can enhance my view of these bars. They are the fastest. I don't trade them the way the creator (dean) nor BigE and the reason I can do this is because I have been staring at them for past 4 years. And I have even drawn more than 20 papers using pen so my brain got used to these charts... That being said, there is no right for anyone to add more indicators to this...

the two core indicators - the Stoch(8,3,3) and the original Traders_Dynamic_Index remains the same.

You trade without Stoch and TDI because you spend past 4 years staring at the price using the average price bar APB/HA candles. you have mastered the HeikenAshi candles.

Nothing has changed to the basic rules of the 5-Method and Nobody can change the OP' trading style.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,177
  • Aug 8, 2020 4:54pm Aug 8, 2020 4:54pm
Quoting nigpig
{quote} Hi Emmanuel Do you have a link or reference for where I can learn about spliting the positions in this way and how to size?
Hi

It is still the same as in TMS-II development.... using the Multi-Lot entry and exit to improve trading results.

Using Multiple-Lot Positions to Improve trading TMS: Post#33,507

The THV CaveManager can only handle one single entry do multiple exits. this is why I place one single entry in the recent live trades posts.

But if you do not use THV CaveManager THV CM you can place three orders with same entry price but with different exits TP. The initial SL for all three positions should be calculated with the same risk 'R'.
But without THV CM, you wont have the Capital Protection which is one of Big E' exit rule not using the TDI for his exit.... coded in the THV CM but then you have to manage manually.

But you can also manage the SL and moving the SL with different trailing methods provided in MPTM EA by SteveHopwood.
MPTM manage multiple orders on same chart/pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,178
  • Aug 8, 2020 5:04pm Aug 8, 2020 5:04pm
Quoting aliplinko
hello friends can some one tell me how to avoid trades like this? {image}
https://www.forexfactory.com/attachm...6&d=1596892487
Question: how to avoid trades like this?

- Do Not trade blindly following TDI cross ...

- do not trade when price is near previous support/resistance, consolidation, etc.

- do not trade against the dominant trend on your chart

*** Study the OP's Post#647 and learn some basic price action trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,179
  • Aug 8, 2020 5:10pm Aug 8, 2020 5:10pm
Quoting Tekkies
{quote} How do you understand the word "nothing"

@Tekkies

nothing on my price chart would be something like in this post:

https://www.forexfactory.com/thread/...5#post13104125

simple clean price bars only ... naked trading.

keep it simple: make the necessary transition to trading 4hr charts and Daily charts.



Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Daily Aug 07 closed.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,180
  • Aug 8, 2020 6:04pm Aug 8, 2020 6:04pm
Quoting Tekkies
{quote} "I think the intention of BigE to keep this thread without any more indicators is pretty clear." Many, including Emmanuel fail or ignore that BigE posted this: Post#1......... The key to this method is the Traders Dynamic Index indicator for entries and exits. ....

Of course, Tekkies you only want to read anything that is good said about your TDI.

Big E was a rule-based discretionary trader. You need to trade with a degree of discretion

But read Post#1 again, carefully and slowly ... until you get the meaning of that Post#1.

The OP did not always follow the Traders Dynamic Index indicator for entries and exits.

Here are some examples from his posts.

Post#1
Entry 10PM, 2AM and Exit 6AM
4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific..

Post#6
TDI angle (12-2 and 4-6) for entry and TDI flat, hook over, checkmark, … for exit

Entries and exits... (Aggressive entry / Conservative Exit)

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.


Post#495
Price pull back exit …examples
I never knownly take a draw back of 40-50 pips even on the 4hr. I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back.

Post#557
If I enter a trade lets say and I'm monitoring the trade and its up 50 pips but suddenly it pulls back 10-15 pips I just exit. I'll keep the profit at $10 a pip... no big deal. If it turns and continues (bounce) I'll just jump back in... Don't get so rigid...

Post# 7612
WHEN TO EXIT (conservative trader)
OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.

Post#2370
Exit using PA
My personal preference only... enter when green crosses red... exit by reading price action. Again... just my personal way. I only trade with HA Candles.

Of course then there is Post#119
you can read and learn that exit on your own.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
123 traders viewing now, 1 is registered:
rogantin