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Trading Made Simple

  • #110,421
  • Nov 2, 2020 6:58pm Nov 2, 2020 6:58pm
Quoting emmanuel7788
{quote} {image} EURAUD Nov 02 POP Gun trade setup - how many of you believe in POP Gun price action setups? - did you catch a 1R trade? {image}
How to interpret the OP's Post#647 ' big candle, small candle, ... one way is to follow simple and common price action

About Price Action setup - POP Gun

here are a few old posts link:

https://www.forexfactory.com/thread/...07#post5385807

https://www.forexfactory.com/thread/...75#post6179675

https://www.forexfactory.com/thread/...02#post6211002

pdf attached in this post:

https://www.forexfactory.com/thread/...95#post6779095

If you want to learn from more old posts, just do a simple search with keyword "POP Gun"

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,422
  • Nov 2, 2020 7:09pm Nov 2, 2020 7:09pm
EURUSD Nov 03 H4 swing trading

You have all the information you need on one chart using TMS_V19.

Buy or Sell , you decide based on your trading style and risk appetite.

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Click to Enlarge Name: EURUSD Nov 03 H1 V19 info 3-11-2020 9-05-11 am.png Size: 54 KB


Will the Weekly change after tomorrow?

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,423
  • Nov 3, 2020 2:25am Nov 3, 2020 2:25am
AUDUSD Nov 03 RBA rate

quite bit of volatility when the rate decision came out earlier but that did not change the direction of the Daily

trading the H1 FO and LO was easier with the H4 PA above its 5EMA

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Nov 03 H4 RBA candle 3-11-2020 4-18-38 pm.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,424
  • Edited 2:51am Nov 3, 2020 2:38am | Edited 2:51am
Trading with TDI with the advice BigE posted in THIS tread is really not that difficult.
- You have to make your own notes and fine tune those notes into a set of rules you understand.
Below "green" is used and by just reading all the relevant post's you will be amazed how much TDI green can tell you about what is going on.
(You just need to know how to "look" which BigE rather nicely explain.)
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Anywhy, only started to trade (09H00 SA time).
EURUSD
- H1 TDI has already crossed over yesterday and the long term trend is 11 hours old.
- M15 is all over the show and is more or less moving to the upside.

Can you still enter a trade? > Yes.
(Post 97,094 read the part about higher time frame in that post or webpage)
H1 is going up, M15 is going up.
Move H1 down to M5 and wait for a TDI setup that is according to post#647.
The rest is up to price to give you profit or to slap you silly.
(Don't blame me when this backfire. You know the rule > Do not enter on candle 3)
(Edit: Only notice now M15 did a green bounce red. Maybe that is why it worked this time so well)
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Again.
Don't get fooled by "I made so much pips today" (5*48=240 pips. Wow, big deal. So f%^%$$g what!!!!)
>> It is meaningless and of no value.
What is important: Did you understand and follow the rules of your method.
  • #110,425
  • Nov 3, 2020 2:42am Nov 3, 2020 2:42am
Quoting emmanuel7788
{quote} {image} EURAUD Nov 02 POP Gun trade setup - how many of you believe in POP Gun price action setups? - did you catch a 1R trade? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Nov 02 POP Gun 1R trade 3-11-2020 8-45-34 am.png Size: 66 KB


EURAUD Nov 03 RBA candle

- same, no change in the direction after the RBA rate decision

- trade management would have been mentally very tough with that volatility

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Nov 03 H4 RBA candle 3-11-2020 4-37-35 pm.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,426
  • Nov 3, 2020 3:02am Nov 3, 2020 3:02am
Quoting Tekkies
Trading with TDI with the advice BigE posted in THIS tread is really not that difficult. - You have to make your own notes and fine tune those notes into a set of rules you understand. Below "green" is used and by just reading all the relevant post's you will be amazed how much TDI green can tell you about what is going on. (You just need to know how to "look" which BigE rather nicely explain.) {image} Anywhy, only started to trade (09H00 SA time). EURUSD - H1 TDI has already crossed over yesterday and the long term trend is 11 hours old. - M15...
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Click to Enlarge Name: EURUSD Nov 03 H1 V19 info 3-11-2020 9-05-11 am.png Size: 54 KB


EURUSD Nov 03 H4 setup was 7 hours ago

see my post #110,424

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trading Frankfurt Open was a breeze looking at the H4 PA above it 5EMA
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,427
  • Nov 3, 2020 3:13am Nov 3, 2020 3:13am
Quoting emmanuel7788
{quote} {image} EURAUD Nov 03 RBA candle - same, no change in the direction after the RBA rate decision - trade management would have been mentally very tough with that volatility {image}

EURAUD Nov 03 trading the H1 at FO and LO

- waited patiently for the RBA candle to settle down and follow the H4 price action
- price action is the HA candles and the direction id the 5EMA
- follow simple rules and taking trades would be a breeze exactly what the OP said in his post #2617
- the OP also said: make the necessary transition to trade the 4H and Daily post #281

- two batches trades closed,
- 1st batch entry during the FO H1 candle using M15, close batch when LO
- 2nd batch re-entry at LO also follow H1 price action with M15 entry
- use money management with multi-lot entry / exit strategy... to improve trading with TMS 5-Method.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Nov 03 H1 trades closed 3-11-2020 5-04-30 pm.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,428
  • Nov 3, 2020 3:29am Nov 3, 2020 3:29am
Quoting Davit
{quote} I prefer you dont post content you know nothing about.Karabakh has always been Armenian land!Azerbaijan did not exist prior of 1918! Read on. Karabakh has always been one of the provinces of Armenia during its millennial history (study the maps of ancient times). Artsakh (Nagorno-Karabakh) was given by Stalin to Azerbaijan as a bribe, as the part of a deal with Turkey to influence them to turn communist. Lenin and Stalin agreed to give up Armenian majority regions of Artsakh (Nagorno-Karabakh), Gazakh and Nakhichevan to the Azerbaijani SSR...
I asked Davit is he Armenian or not. That insecure puppy Put me on ignore list. what an insecure person he is. After losing a lot of money this year he changes his thread and his trading approach. He now becomes a system digger. He now sometimes add ema some time add harmonic. Sometimes add other indicators. Now he trades Demo and posts in ff for followers. But unfortunately, he is not getting a response like before. I don't care about his trading method or just picking tops and bottoms, Picking tops and bottoms will Broke you one day just like it broke Davit this year. I have not intention to talk or communicate with Davit the insecure old man. There are lots of good traders here in FF I Respect them and I did not personally attack anyone before.
MA provides the market's current direction and strength.
  • #110,429
  • Nov 3, 2020 3:29am Nov 3, 2020 3:29am
Quoting hasib
Hi emmanuel I see you use RH system. Why RH uses Double stochastic. I found this system is interesting. I am using his method. here is today's trade. {image}
Hi nasib

I don't actually use RobinHood' TMS(r) method. I study his method and those indicators he used in his method and I learn a few things which Big E also shared in his old thread. I swing trade on Daily and Weekly, and using TMS(r) template also show the same market type conditions as the TMS template which you do not really need the fanciful Traders_Dynamic_Index. Just use the common RSI (14) will work with price action.

Big E used the Stoc(8,3,3,) which he took form Craig Harris Stchastics Method. He also took the TDI from Dean Malone' Synergy system which is basically the RSI.
Big E blended components of systems from two traders - Craig Harris and Dean Malone, he tested them, tweek here and there to look for confirmation to boost his confidence in trading. He mentioned he trade other methods and he can traded without the Stoch and TDI years ago.

About the Stoch, Big E also tweeked and tested the 50-level which he posted in his old thread. See this posts and charts.
Another TMS trader medhi343 also use that 50-level but he change his Stoch to (14,3,3).

Basically, when using two Stoch(8,3,3) and (14,3,3) on same price chart, it is just a matter to pick the confluence when both the Stoch crosses the 50-level at the same time. Plus adding the RSI(14) and looking for the same to cross the 50-level as setup confluence. This is the first COWABUNGA approach from more than 25 years ago.

https://www.forexfactory.com/thread/...88#post4355588
https://www.forexfactory.com/thread/...09#post4355609
https://www.forexfactory.com/thread/...75#post4362975
https://www.forexfactory.com/thread/...18#post4363018
https://www.forexfactory.com/thread/...31#post4363031
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,430
  • Nov 3, 2020 3:35am Nov 3, 2020 3:35am
Quoting emmanuel7788
{quote} Hi nasib I don't actually use RobinHood' TMS(r) method. I study his method and those indicators he used in his method and I learn a few things which Big E also shared in his old thread. I swing trade on Daily and Weekly, and using TMS(r) template also show the same market type conditions as the TMS template which you do not really need the fanciful Traders_Dynamic_Index. Just use the common RSI (14) will work with price action. Big E used the Stoc(8,3,3,) which he took form Craig Harris Stchastics Method. He also took the TDI from Dean Malone'...
Thanks for your excellent explanations.
MA provides the market's current direction and strength.
  • #110,431
  • Nov 3, 2020 3:51am Nov 3, 2020 3:51am
Quoting emmanuel7788
AUDUSD Nov 03 RBA rate quite bit of volatility when the rate decision came out earlier but that did not change the direction of the Daily trading the H1 FO and LO was easier with the H4 PA above its 5EMA {image}

AUDUSD Nov 03 H1 trades

- waited for the H4 to settle down after that RBA rate decision
- trade the FO and LO H1 candles with M15 entry.
- trade was easy and manage using THV CaveManager trade manager EA....
- hit my TP1, TP2 , TP3 and final TP4
- I don't care about TDI for entry and exits. I look at price momentum and TIMING my entry.


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Nov 03 H1 trades closed 3-11-2020 5-45-04 pm.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,432
  • Nov 3, 2020 3:56am Nov 3, 2020 3:56am
US Elections Nov 03

Trade safe and reduce your exposure in USD pairs.

TDI for entry and exits don't work when you have extreme price move big price bars/ HA candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,433
  • Nov 3, 2020 4:03am Nov 3, 2020 4:03am
EURUSD Nov 03 rally ahead of the US Election.

The market will set you up if you chase after this runaway train now.

I will take profit at 1.1720ish and walk away.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,434
  • Nov 3, 2020 5:53am Nov 3, 2020 5:53am
please Tekkies, where I will download the link of the great Ed Pdf
  • #110,435
  • Nov 3, 2020 6:33am Nov 3, 2020 6:33am
Quoting kaca33
please Tekkies, where I will download the link of the great Ed Pdf
@kaca33

your first post in this thread:

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.

Big E was a rule-based discretionary trader. According to studies by Dr Van K Tharp this rule-based discretionary are the best traders,

Enjoy and Have fun during your learning journey..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,436
  • Nov 3, 2020 6:34am Nov 3, 2020 6:34am
Quoting kaca33
please Tekkies, where I will download the link of the great Ed Pdf

here you will find the two Best of Big E pdfs

https://www.forexfactory.com/thread/...31#post9656031
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,437
  • Nov 3, 2020 6:39am Nov 3, 2020 6:39am
Quoting emmanuel7788
EURUSD Nov 03 rally ahead of the US Election. The market will set you up if you chase after this runaway train now. I will take profit at 1.1720ish and walk away.
EURUSD Nov 03

BINGO! target hit

Now lets see what happens next.


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 03 target 11720ish 3-11-2020 8-36-23 pm.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,438
  • Nov 3, 2020 6:45am Nov 3, 2020 6:45am
Quoting emmanuel7788
{quote} EURAUD Nov 03 trading the H1 at FO and LO - waited patiently for the RBA candle to settle down and follow the H4 price action - price action is the HA candles and the direction id the 5EMA - follow simple rules and taking trades would be a breeze exactly what the OP said in his post #2617 - the OP also said: make the necessary transition to trade the 4H and Daily post #281 - two batches trades...

EURAUD Nov 03 trade closed

- my 3rd batch trades today
- only TP1 +5pips TP2 +10pips
- closed quickly by THV CM Capital Protection.... price reaction at BRN 1.6400

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Nov 03 trades closed 3rd batch 3-11-2020 8-42-20 pm.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,439
  • Nov 3, 2020 7:36am Nov 3, 2020 7:36am
Quoting kaca33
please Tekkies, where I will download the link of the great Ed Pdf
Here Post 108,897
  • #110,440
  • Nov 3, 2020 7:45am Nov 3, 2020 7:45am
Quoting Tekkies
{quote} Here Post 108,897

that pdf also include "Craig Harris" from page 67 on.....

and posts from Big E old thread .

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