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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #112,461
  • Dec 7, 2020 1:40am Dec 7, 2020 1:40am
Quoting emmanuel7788
GBPUSD Dec 07 H4 Looking for trades beliefs - "make the transition to trade the 4hr .... " - "even when I scalp I scalp the 4hr..." - "each swing is 3 to 8 candles HA candles ..." {image}

EURUSD Dec 07 H4

- quite similar to GBPUSD above.

Looking for trades beliefs

- "make the transition to trade the 4hr .... "
- "even when I scalp I scalp the 4hr..."
- "each swing is 3 to 8 candles HA candles ..."

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 07 H4 V19 7-12-2020 3-38-29 pm.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,462
  • Edited 2:06am Dec 7, 2020 1:44am | Edited 2:06am
Quoting Tekkies
{quote} Have done it already on 05/12/2020. (TE will start to show trade's when they are closed.) As posted, it is not about real / demo account, size of account, size of lot, how many pips a trade run, how you trade, how many trades per day / week / month or even the use of expert advisors. It is about linking a TE to every chart posted in forexfactory
I see, that's a solid point. Looking forward.

@Emmanuel I can see that you are putting in the effort, just by looking at you check up on the ATR range, I do the similiar when i want to trade check the ADR range and so on. Your techniques look legit to me but i still don't get the point of sharing your work and knowledge on someone elses thread, you do your own work and start your own thread, in my opinion it will be better for you too since now you won't be seeing the people you don't want at first point, secondly you'll be interacting the people that wants to learn more from you. Because ''Big-E'' was a Basket Trader, and maybe you are too but you also teach scalping in an effective way. You could have your own fancy thread with a legit TE, nice decoration, less stress and so on.
  • #112,463
  • Dec 7, 2020 3:03am Dec 7, 2020 3:03am
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #112,464
  • Dec 7, 2020 3:16am Dec 7, 2020 3:16am
Quoting hasib
{image}



I was 'afraid' this would happen over the weekend but it did not.
Was chatting with my neighbour on Saturday and he also thought BJ will play tough with the EU.
I think the UK will exit with no deal and will make.

And today, just trade the technicals I see on my chart ...
follow HA PA below 5EMA ...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Dec 07 H4 No Deal 7-12-2020 5-11-18 pm.png Size: 80 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,465
  • Dec 7, 2020 4:08am Dec 7, 2020 4:08am
EURCAD Dec 07 H4 LO3

- H4 price action is obvious in consolidation with that H4 Master Candle

- are the conditions good enough for scalp the 4hr M15 sell?

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Dec 07 H4 scalp M15 7-12-2020 6-06-14 pm.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,466
  • Edited 5:14am Dec 7, 2020 5:03am | Edited 5:14am
Quoting emmanuel7788
{quote} check the version you downloaded and change these 2 settings: - I don't use the TMA Trend. I use the Trend 2/8. - I don't use the TDIC1 cross. Just the green above red and green below red. I look at the price action bigger picture as my PA + SR filter. {image}
Thank you so very much,you are so kind!

mistaker is someone who is enjoying the free ride,why dont u also participate in the show to prove yourself mistaker?
Emmanual they are just mocking and provoking you,do not answer them and ignore their post ,simple as that.
time to binned n ignore mistaker as well.
bring it on the challenge,let DR dave and tekkies and mistaker on the other side Vs. Emmanual ,do it on demo account just to prove yourself.and whoever is the winner will continue and the loser will open another thread with their improved strategy ,because there is no holy grail and all the strategies need tweaking no matter if it was BigE.

Quoting emmanuel7788
{quote} Update: That was a nice move for TP1 +5pips , TP2 +10pips and TP3 +15pips if you use THV CaveManager to manage your scalping exits and not use TDI for exit. Remember what I said yesterday in the TMS_V19 setting and on how to pick a pair with H4 ATR > 20 pips. EURJPY ATR H4 is 27 pips, so to get +5,10 and 15 pips is realistic and achievable 1 to 2 H4 candle period, but you need to pick the best setup with MOMENTUM. I did not trade this because you know I don't trade EJ during the Sydney-Tokyo opening hours. Only AU, AJ and UJ. {image}
please add me or share the telegram id ,so we can discuss there with a peace of mind,i want to learn how to use ATR stuff.
  • #112,467
  • Dec 7, 2020 5:24am Dec 7, 2020 5:24am
Quoting PixelSniper
{quote} I see, that's a solid point. Looking forward. @Emmanuel I can see that you are putting in the effort, just by looking at you check up on the ATR range, I do the similiar when i want to trade check the ADR range and so on. Your techniques look legit to me but i still don't get the point of sharing your work and knowledge on someone elses thread, you do your own work and start your own thread, in my opinion it will be better for you too since now you won't be seeing the people you don't want at first point, secondly you'll be interacting the...
i still don't get the point of sharing your work and knowledge on someone elses thread.
You could have your own fancy thread with a legit TE, nice decoration, less stress and so on.

He has already posted more than once that he will never do the right thing and leave this thread focused on BigE's material. He thinks it is better to highjack, corrupt, and pollute the thread and to try to bully others into doing it HIS way instead of simply opening a new thread. That's the narcissist showing through: He does not want to risk giving up the "admirers" that he believes are swarming here. In addition, his ego would take a severe blow if he got low traffic in his own thread, like his current failed thread, and more failures might push him over the edge to another mental breakdown.
To free Gazans of Hamas, use whatever it takes.
  • #112,468
  • Edited 5:51am Dec 7, 2020 5:25am | Edited 5:51am
Quoting emmanuel7788
{quote} other members want to see REAL traders with REAL money in this thread. so the best way is to follow the OP and we all trade under the. follow US trading leverage 1:25 , trade a USD10,000 deposit in one Live account, no Demo account. Trading demo money is not the same when we trade real money. After all, Tekkies made many claims - the TDI is Holy Grail, about having 85% to 90% win rates, and he trade and achieved financial freedom, etc. So you want to trade details - entries and exits on a trade chart, this is easy to do.
> trading leverage 1:25
Even better, can make a lot of mistakes and not harm the account to much. The trader use the leverage he is comfortable to trade with.
> Real money is real money
whether it is ten cent or ten thousand dollars
> same market conditions
One trader trade EURUSD in the North Pool, all other traders all over the world that trade EURUSD trade the same conditions. Any event that affects USD or EUR will produce the same results in every trader's account depending on the order placed.
> one Live account, no Demo account
Myne has been a live account since 4 Jan 2018.
> After all, Tekkies made many claims.
So what. That is Tekkies and not you. Why bring me into your post? Tekkies did this, Tekkies did that. How pathetic is that. Looking for a scapegoat to blame?
Tekkies is not responsible for your actions or the lack thereof.
------
> "so the best way is to follow the OP"
What a lie. I think you despise BigE. You changed the indicators, you changed the method to such an extent that one member can post this:
Post 112,410 open another thread named strictly TMS of 2011 by BigE
-------------------
Cut the crap Emmanuel.
Link a TE to the charts you post in forexfactory.

Walk the talk.
  • #112,469
  • Dec 7, 2020 5:32am Dec 7, 2020 5:32am
Quoting mistakesr
I come back here for the first time in 12-18 months and you two are still bickering, bloody hilarious! I love ego battles, they're fun to watch. Hope you've made another few million this year Emmanuel but considering the millions you've made previously I can't understand why you're in lockdown? Shouldn't you be on your Superyacht in some idyllic spot around the world with a laptop in one hand and a fishing rod in the other? Shrouds don't have pockets Emmanuel.
If you followed his older postings, you would see that he was so proud that he finished a year with a whopping 5,000 AUD profit! He is so far in the hole that the 5000 was like a drop in the ocean towards financial recovery. The yacht is in the same place as the pool with the deck--fantasy pictures downloaded from the Internet. All part of his huge fantasy world that includes Telegram groups, Zoom groups, family, etc.
To free Gazans of Hamas, use whatever it takes.
  • #112,470
  • Dec 7, 2020 5:34am Dec 7, 2020 5:34am
Quoting emmanuel7788
USDJPY Dec 07 H4 - Weekly Trend is bearish - Daily TDIC1 is 'bullish' - H4 HA PA above 5EMA - H4 ATR 21 pips (quite narrow range) so must pick very good setup, tip: pick a PA bounce at the top resistance if you want to sell! - if scalp sell while the H4 HA candle in above its 5EMA, you need to use very tight Capital Protection in THV CaveManager ( 5 to 10pips) - TIMING your entry on M15 is very important, remember what I said last week : do not shoot at moving target . we can scalp M15 {image}
i didnt get this example quiet right,i thought it will be buy setup but you are saying we scalp for sell? so many indications for buy,why would we sell? in my opinion this is not a good example of setup hunting,plz show us more examples for day trading since we are new,scalping is very risky if we have not mastered the system yet,thanks Em!
  • #112,471
  • Dec 7, 2020 5:36am Dec 7, 2020 5:36am
Quoting Tekkies
Apply Post 112,427 to Emmanuel's post Post 112,434 and you get this: Emmanuel is wrong again. #11.... Even if I scalp the market I use 4hr charts with success.... #270... I'd scalp it on a 4hr chart if I get a set up... #4088 .... scalp the 4hr for 20-40 pips while monitoring the trade.... Only Emmanuel's envy Big E' post #11, #270, #4088 because Emmanuel...
Difficult to understand how one man can post such conflicting posts such as Post 112,427 , Post 112,434. and think he is helping reader's. It just not make sense.

Actually, it's not difficult at all to understand and makes perfect sense when you realize that those are the actions of a narcissist. Then such behavior is EXPECTED and the NORM for him.
To free Gazans of Hamas, use whatever it takes.
  • #112,472
  • Dec 7, 2020 5:42am Dec 7, 2020 5:42am
Quoting T4Trade
{quote} Thank you so very much,you are so kind! mistaker is someone who is enjoying the free ride,why dont u also participate in the show to prove yourself mistaker? Emmanual they are just mocking and provoking you,do not answer them and ignore their post ,simple as that. time to binned n ignore mistaker as well. bring it on the challenge,let DR dave and tekkies and mistaker on the other side Vs. Emmanual ,do it on demo account just to prove yourself.and whoever is the winner will continue and the loser will open another thread with their improved...
open another thread with their improved strategy

No one was talking about some improved strategy. The issue is about some people coming to this thread and instead of respecting the specific wishes of BigE to NOT ADD NYTHING, these thread perverters add all kinds of things and try to bully others into implementing these perversions.
To free Gazans of Hamas, use whatever it takes.
  • #112,473
  • Dec 7, 2020 5:42am Dec 7, 2020 5:42am
Quoting DrDave
{quote} i still don't get the point of sharing your work and knowledge on someone elses thread. You could have your own fancy thread with a legit TE, nice decoration, less stress and so on. He has already posted more than once that he will never do the right thing and leave this thread focused on BigE's material. He thinks it is better to highjack, corrupt, and pollute the thread and to try to bully others into doing it HIS way instead of simply opening a new thread. That's the narcissist showing through: He does not want to risk giving up the "admirers"...
Oh man, sounds like an apocalyptic scenario to me. I thought we were supposed to extract emotions in order to be become successful traders.
If he wants to find succsess with advertising,teaching or whatever his aim is, it is always better to create a path of his own imo, that is what i wanted to make clear. But perhaps he just does not, and wants to keep doing stuff here, cheers.
  • #112,474
  • Dec 7, 2020 5:46am Dec 7, 2020 5:46am
Quoting T4Trade
{quote} Thank you so very much,you are so kind! mistaker is someone who is enjoying the free ride,why dont u also participate in the show to prove yourself mistaker? Emmanual they are just mocking and provoking you,do not answer them and ignore their post ,simple as that. time to binned n ignore mistaker as well. bring it on the challenge,let DR dave and tekkies and mistaker on the other side Vs. Emmanual ,do it on demo account just to prove yourself.and whoever is the winner will continue and the loser will open another thread with their improved...
please add me or share the telegram id ,so we can discuss there

HA-HA-HA-HA-HA! Good luck with THAT! Telegram, Zoom, WeChat, WHATEVER are all more of his fantasy talk! When you actually try to join HIS group, he will let you know that 1. he doesn't actually have a group--someone else is the organizer/host and 2. YOU DON'T QUALIFY for all kinds of absurd reasons.

Just sit back and enjoy the daily laughs here between your readings on some worthwhile threads.
To free Gazans of Hamas, use whatever it takes.
  • #112,475
  • Dec 7, 2020 5:47am Dec 7, 2020 5:47am
TMS Monitor Dec 07 H4

- what did you all miss?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,476
  • Dec 7, 2020 5:48am Dec 7, 2020 5:48am
And more misses???

H1
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor 1976 H1 7-12-2020 7-46-37 pm.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,477
  • Dec 7, 2020 5:51am Dec 7, 2020 5:51am
Quoting tommydoginti
I wonder why no one here open a trade explorer to prove they are better than other or prove them wrong. Numbers tell the truth, arguement is pointless Many are trying to learn something from here, not watch strangers fight.

I did in 2018.

But Tekkies chickened out and remove his.

Goto this thread:Verbal diarrhea matches trading skills?

https://www.forexfactory.com/thread/...trading-skills

I posted my TE there and in accordance with the OP rules:

https://www.forexfactory.com/thread/...0#post11834080
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #112,478
  • Dec 7, 2020 5:59am Dec 7, 2020 5:59am
Quoting T4Trade
{quote} i didnt get this example quiet right,i thought it will be buy setup but you are saying we scalp for sell? so many indications for buy,why would we sell? in my opinion this is not a good example of setup hunting,plz show us more examples for day trading since we are new,scalping is very risky if we have not mastered the system yet,thanks Em!
It appears that you need a bit more practice in distinguishing between trend continuation trades and counter-trend trades. Because he has decided to use price bar versus the EMA5 to decide direction, then any trades taken against that direction are counter-trend trades that bring inherently greater risk. However, if you know how to analyze smaller TFs, you can help mitigate the risk via the smaller TFs.

Also, when you see him use the term "scalp trade", you need to also substitute "counter-trend trade" to see if that fits, because the guy does a great job of mixing the two terms, even though they are not synonymous.
To free Gazans of Hamas, use whatever it takes.
  • #112,479
  • Dec 7, 2020 5:59am Dec 7, 2020 5:59am
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
  • #112,480
  • Dec 7, 2020 6:00am Dec 7, 2020 6:00am
USDCAD Dec 07 H4 ...

- wait for the next H4!

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Dec 07 H4 7-12-2020 7-58-17 pm.png Size: 79 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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