Trading Made Simple | Page 5592 | 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

  • #111,821
  • Nov 25, 2020 3:57pm Nov 25, 2020 3:57pm
Quoting hasib
{quote} I want to pass, Please share some ideas. I have prepared My day trading plan part 1. Risk management - I attached the picture of my risk management plan. Is it Ok. Part 2. Strategy- I am not finding a good edge over the market I finding a strategy that has a 45 to 52% win rate. I want to have at least one good strategy, Based on that I will try to develop my other strategy. Part 3. Trade management- I Need an ATR based Trade management EA. Part 4. Psychology.- I need to develop a checklist so that I don't act or react irrationally. {image}...
The moment I see a risk limit with time-based parameter = you will definitely force yourself to trade suboptimal set ups and make some big losses. You probably feel the same that you are looking for a quick success way (plz not get rich quick dream). This allowed risk per session plan is more towards an excuse to overtrade and chase the market

i watched youtube to learn Forex, i recommend this video. Hope it helps
Inserted Video
  • #111,822
  • Nov 25, 2020 3:59pm Nov 25, 2020 3:59pm
Quoting Pip-Miner
{quote} The thread is now looked after by a good man named Emmanuel who has been continuing Big E's legacy.
a Good man will not go around slapping other people, alive or dead.

Quoting Tekkies
{quote} a Good man will not go around slapping other people, alive or dead.

hey your Good man is not the same as that good man

remember, divergence and Divergence are not the same.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,823
  • Nov 25, 2020 4:03pm Nov 25, 2020 4:03pm
Quoting DrDave
{quote} Now that we have seen that copyright violation can result in a thread being binned, and we see the copyright violation via emmanuel7788, the TMS thread is in jeopardy of being binned as well. The thread content is so far from what BigE presented that the only remnants are the TDI and HA bars. What the ToxicfakeTrader emmanuel77888 shows is how to distort and pervert the 5-method with added indicators, unwanted EAs, bits and pieces from other threads, and on and on, providing the very confusion that brings poor results as BigE said over and...

Recycle bin is what FakeDr aka DrDick has been trying to do to this thread because his own trading system TDA with IMT failed. His failed system TDA with IMT shoud be binned.

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
  • #111,824
  • Nov 25, 2020 4:09pm Nov 25, 2020 4:09pm
Quoting Pip-Miner
{quote} Emmanuel is actually famous. https://forex-station.com/viewtopic....38#p1295362638 History The Traders' Dynamic Index (TDI) indicator first appeared in the early 2000's. It was created by Dean Malone and was only available to Dean Malone's CompassFX subscribers. Not long after, witty traders and coders were able to debunk the TDI and recreate it so that all traders could start using it. The indicator was largely popularized by LazyBear from TradingView and also a dear old friend of mine from Forex Factory named Eric...
Dean Malone was famous.

eelfranz also famous.

now Emmanuel is famous too.

'three wise men'


and it was Tekkies who provided the link to that website
https://www.forexfactory.com/thread/...7#post12367177
Some advice for TDI indicators
https://forex-station.com/viewtopic....38#p1295362638
Keep it Simple



thank you Tekkies.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,825
  • Nov 25, 2020 4:11pm Nov 25, 2020 4:11pm
Quoting Tekkies
{quote} a Good man will not go around slapping other people, alive or dead.
and it was Tekkies who provided the link to that website
https://www.forexfactory.com/thread/...7#post12367177
Some advice for TDI indicators
https://forex-station.com/viewtopic....38#p1295362638
Keep it Simple


and now I slap Tekkies for posting wrong information about the TDI in this thread
https://www.forexfactory.com/thread/...66#post9269066

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post 73,461 wrong information.png Size: 502 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,826
  • Nov 25, 2020 4:14pm Nov 25, 2020 4:14pm
Quoting tommydoginti
{quote} i watched youtube to learn Forex
How did you know which is good advice and which is bad advice?
Many of those videos are based on where price has been, few are where price is now and where it will go based on what the trader is using to enter a trade.

Got my butted kicked many a time.
  • #111,827
  • Nov 25, 2020 4:18pm Nov 25, 2020 4:18pm
Quoting hasib
{quote} I want to pass, Please share some ideas. I have prepared My day trading plan part 1. Risk management - I attached the picture of my risk management plan. Is it Ok. Part 2. Strategy- I am not finding a good edge over the market I finding a strategy that has a 45 to 52% win rate. I want to have at least one good strategy, Based on that I will try to develop my other strategy. Part 3. Trade management- I Need an ATR based Trade management EA. Part 4. Psychology.- I need to develop a checklist so that I don't act or react irrationally. {image}...

you want to pass.... I am sure most want to pass.... many will pass. I am sure of that.

I already passed more than once... 2012 to 2014, 2015 to 2017 and now I just passed 2018 to 2020.

You need to have developed mental fitness to pass every year for 3 consecutive years to be a Super Trader.

Next I will work on to pass 2021 to 2023.

Stay Tuned for more .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,828
  • Nov 25, 2020 4:25pm Nov 25, 2020 4:25pm
Quoting Tekkies
{quote} How did you know which is good advice and which is bad advice? Many of those videos are based on where price has been, few are where price is now and where it will go based on what the trader is using to enter a trade. Got my butted kicked many a time.

I know.
You got your butt kicked too often because,

You need to differentiate what is right advice for you. The rest is wrong advice.
There is no such thing as good advice and bad advice.
Right advice makes money. Wrong advice don't make money.

When you have 12 months consecutive wins this would be the first indicator of a winning edge.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,829
  • Nov 25, 2020 4:27pm Nov 25, 2020 4:27pm
Quoting DrDave
{quote} The thread is now looked after by a good man named Emmanuel who has been continuing Big E's legacy. That was one person's opinion. Plenty of other people have expressed the opposite opinion.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,830
  • Nov 25, 2020 4:41pm Nov 25, 2020 4:41pm
Quoting Tekkies
Post 92,204 It is an amazing legacy to the man that 7 years after his death people continue to hold him and his ideas in high esteem. We should all be so fortunate. Post 111,801 ..... with @emmanuel7788 leading the way to teach us TMS then..... Rest in peace BigE, your thread is no more.
@Tekkies -- once the idiot, always the idiot. How are those calculations coming? You know, the one where 20 EURUSD 1-lot BUYS down 33 Pips has a value of $1.30 USD?

@Tekkies -- as you are well aware -- @emmanuel7788 gives BigE full credit in almost everyone of his posts. The verb "leading" is present tense -- one has to be alive, currently, in order to lead. The verb "led" is past tense.

@Tekkies -- you and @DrDeceit are the antithesis of everything BigE wished to bring to members here at FF. Whenver someone says something positive about TMS or BigE then you two are there to poop on it.

"Rest in peace BigE..."
@Tekkies -- with @emmanuel7788 leading the way and you now out of the picture then, yes, BigE rests in peace. And @DrDeceit exposing himself as an embarassment to you and himself, there is that added bonus.

@Tekkies -- please post again after you've learned how to calculate the value of a trade...
  • #111,831
  • Nov 25, 2020 5:42pm Nov 25, 2020 5:42pm
Quoting hasib
{quote} I want to pass, Please share some ideas. I have prepared My day trading plan part 1. Risk management - I attached the picture of my risk management plan. Is it Ok. Part 2. Strategy- I am not finding a good edge over the market I finding a strategy that has a 45 to 52% win rate. I want to have at least one good strategy, Based on that I will try to develop my other strategy. Part 3. Trade management- I Need an ATR based Trade management EA. Part 4. Psychology.- I need to develop a checklist so that I don't act or react irrationally. {image}...
1. You created a plan, that is a good thing. Don't overthink it and try to execute it as flawless as possible for some time. Adjustments will come from experience.
2. I can only recommend to you to find a systematical approach which is backed on statistics and objectively describing why and where you buy or sell. You have do find this on your own as it has a lot to do with your personality, your individual situation available capital and so on. Don't be a fool and think you will find a trading strategy/system/method coming out of the box with a 60% win rate or more.
3. No you really don't. You need screen time and managing your trades your self. A EA/robot, taking care of your trades is counterproductive, at least for the beginning.
4. No checklist needed. Emotions will be inevitable. You are a human being, its natural. Don't try to be so hard to your self while you progress but try to be as accurate as possible following your OWN rules out of what ever plan created CONSISTENTLY doing so. Rinse and Repeat. Your head (psychology) will get used to it and and you might find out doing less mistakes over time based on experience. You see experience is a huge factor as nearly everything else in life.

Hope it helps.
  • #111,832
  • Nov 25, 2020 5:48pm Nov 25, 2020 5:48pm
Quoting lddd
{quote} 1. You created a plan, that is a good thing. Don't overthink it and try to execute it as flawless as possible for some time. Adjustments will come from experience. 2. I can only recommend to you to find a systematical approach which is backed on statistics and objectively describing why and where you buy or sell. You have do find this on your own as it has a lot to do with your personality, your individual situation available capital and so on. Don't be a fool and think you will find a trading strategy/system/method coming out of the box...
Iddd
No checklist needed. vs following your OWN rules
Are they not the same?
  • #111,833
  • Nov 25, 2020 5:51pm Nov 25, 2020 5:51pm
Quoting DrDave
{quote} Now that we have seen that copyright violation can result in a thread being binned, and we see the copyright violation via emmanuel7788, the TMS thread is in jeopardy of being binned as well. The thread content is so far from what BigE presented that the only remnants are the TDI and HA bars. What the ToxicfakeTrader emmanuel77888 shows is how to distort and pervert the 5-method with added indicators, unwanted EAs, bits and pieces from other threads, and on and on, providing the very confusion that brings poor results as BigE said over and...
Hi DRDave,I was unable to pm you,so I sent you a message in your TDA and IMT and thread.
Your reply is needed please
  • #111,834
  • Nov 25, 2020 7:16pm Nov 25, 2020 7:16pm
Quoting hasib
{quote} I want to pass, Please share some ideas. I have prepared My day trading plan part 1. Risk management - I attached the picture of my risk management plan. Is it Ok. Part 2. Strategy- I am not finding a good edge over the market I finding a strategy that has a 45 to 52% win rate. I want to have at least one good strategy, Based on that I will try to develop my other strategy. Part 3. Trade management- I Need an ATR based Trade management EA. Part 4. Psychology.- I need to develop a checklist so that I don't act or react irrationally. {image}...
You want some ideas.
My posts on GBPJPY this week.
Read every GBPJPY posts and ask me any question you have.

How did I trade these and made money.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Nov 25 M15 trades closed 26-11-2020 4-05-48 am.png Size: 35 KB



- mastering risk management
- system thinking strategy ATR included
- trade execution from entry to exits, re-entry to exits, etc.
- master trading psychology that is the most difficult part for anyone here now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,835
  • Nov 25, 2020 7:18pm Nov 25, 2020 7:18pm
Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,836
  • Nov 25, 2020 7:24pm Nov 25, 2020 7:24pm
Quoting Tekkies
{quote} Iddd No checklist needed. vs following your OWN rules Are they not the same?

a checklist is not the same as trading rules.

One of the trading rule is to have a clearly defined technical checklist for trade setups.

1) checklist for reversal setups

2) checklist for continuation trade setups
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,837
  • Nov 25, 2020 7:34pm Nov 25, 2020 7:34pm
Quoting hasib
{quote} I want to pass, Please share some ideas. I have prepared My day trading plan part 1. Risk management - I attached the picture of my risk management plan. Is it Ok. Part 2. Strategy- I am not finding a good edge over the market I finding a strategy that has a 45 to 52% win rate. I want to have at least one good strategy, Based on that I will try to develop my other strategy. Part 3. Trade management- I Need an ATR based Trade management EA. Part 4. Psychology.- I need to develop a checklist so that I don't act or react irrationally. {image}...

Your pre-FTMO Challenge test today

GBPUSD H4 and H1

now with all these information at hand, make your trade plan to trade the Frankurt - London Open FO/LO till London Close.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Nov 26 H4 and H1 TMS_V19 26-11-2020 9-27-40 am.png Size: 105 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,838
  • Nov 25, 2020 8:33pm Nov 25, 2020 8:33pm
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
#281
Just make the necessary transition to trading 4hr charts during the London session

Just Do It!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,839
  • Nov 25, 2020 8:43pm Nov 25, 2020 8:43pm
Quoting Praised1998
{quote} Hi DRDave,I was unable to pm you,so I sent you a message in your TDA and IMT and thread. Your reply is needed please
@Praised1998 -- @DrDeceit's thread died so long ago even he no longer monitors it. And I understand your frustration. @DrDeceit spends all his time pooping on this thread that you have to post here just to get his attention. Too funny...
  • #111,840
  • Nov 25, 2020 11:12pm Nov 25, 2020 11:12pm
Quoting toti1985
can you help on which pairs to focus with the strategy ? i trade whole London session + first 8 hours from NY session ? thank you in advance
I trade H4 and these 19 currency pairs. I also have XAUUSD in my watchlist and I trade only Daily.

Initially when you start trading, you can consider the same 8 pairs Big E traded in 2010.
His 3 amigos AUDUSD, EURUSD, GBPUSD
USDCAD, USDCHF
USDJPY, EURJPY, GBPJPY

TMS Monitor H4 Tokyo 2:00PM local time.

Now waiting for the Tokyo 3:00PM which is also Big E 10PM PDT. Today Thursday Nov 26 is US Bank Holidays - Thanksgiving Day.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor H4 Nov 26 2PM Tokyo 26-11-2020 1-02-37 pm.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
42 traders viewing now, 3 are registered:
NikiPink
,
iwan73
,
Ankrish47