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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

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Trading Made Simple

  • #113,281
  • Dec 17, 2020 11:09am Dec 17, 2020 11:09am
Quoting emmanuel7788
Trade Report Dec 17 - today managed to close 93.8% of my daily goal.... {image} work hard folks! You can do it like me too. Some have done even better. Make some sacrifices. All it takes is 3 to 5 hours everyday for 2 to 3 years, and you will learn a lot and taking clean trades would be a breeze. The covid-19 vaccine looks promising and the pandemic will soon be over . If you spend the time now, you will be able to trade for additional income to supplement your day jobs.
Hello emmanuel7788, I'm interested on following and learning your way of trading. Please what do you recommend for someone to start with the TMS method now?

Kind Regards
Pedro
  • #113,282
  • Dec 17, 2020 12:44pm Dec 17, 2020 12:44pm
Quoting pedroxp
{quote} Hello emmanuel7788, I'm interested on following and learning your way of trading. Please what do you recommend for someone to start with the TMS method now? Kind Regards Pedro
You have mixed two things: TMS (I will assume you really mean BigE's 5-method) and the ToxicFaketrader's way. The two have almost nothing in common.

Because you are in the TMS thread though, just read BigE's posts.

Here is one of the very few things that the ToxicFakeTrader got right:
post #15,279
Read all Big E posts and you will learn how he trade his TMS method."
So, this means up to post #12,912 because BigE dies after that.
To free Gazans of Hamas, use whatever it takes.
  • #113,283
  • Dec 17, 2020 3:58pm Dec 17, 2020 3:58pm
New York will close in 5 mins and Sydney will open in 5 mins ....

Its going to another fun day trading TMS.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,284
  • Dec 17, 2020 3:58pm Dec 17, 2020 3:58pm
Quoting emmanuel7788
Trade Report Dec 17 - today managed to close 93.8% of my daily goal.... {image} work hard folks! You can do it like me too. Some have done even better. Make some sacrifices. All it takes is 3 to 5 hours everyday for 2 to 3 years, and you will learn a lot and taking clean trades would be a breeze. The covid-19 vaccine looks promising and the pandemic will soon be over . If you spend the time now, you will be able to trade for additional income to supplement your day jobs.
Nice Emm! Hopefully we can get to that stage too! Do you have a daily loss limit? And is your recovery strategy based purely on MM? Btw please share your 5,10,15 setting on CM thank you. God bless all!
  • #113,285
  • Dec 17, 2020 4:20pm Dec 17, 2020 4:20pm
Quoting eelfranz
Entries and exits... 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. If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy. Important to study TDI entries...
Big E' Post#6

Entries and exits...

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.

If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy.

Important to study TDI entries on old charts, any time frame... Give yourself a chance and trade it like it's layed out...

------------------------------------------------------------------------------------------------------------------------------

What happens when you do not follow Big E TDI exit rule or when you missed the TDI exit?

There are six other exit strategy in my system development handbook and all work perfectly to complement the TDI for exit.

1 of the 6 is TIMED EXIT. { click on }

or

you prefer Rule #16 of Doug Zalessky 25 rules, which you must have as a trader.

Attached Image (click to enlarge)
Click to Enlarge Name: Rule_16 Doug Zalessky.png Size: 99 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,286
  • Dec 17, 2020 4:31pm Dec 17, 2020 4:31pm
EURUSD Dec 17 SYDNEY OPEN

- make the transition to trading the 4hr H4 and the Daily
- do not fight the market
- trade your beliefs about the market
- embrace the trading tools developed by other members and use them wisely to guide you
- be DISCIPLINED!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 17 SYD H4 V19 18-12-2020 6-21-26 am.png Size: 89 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,287
  • Dec 17, 2020 5:14pm Dec 17, 2020 5:14pm
Quoting DrDave
{quote} You have mixed two things: TMS (I will assume you really mean BigE's 5-method) and the ToxicFaketrader's way. The two have almost nothing in common. Because you are in the TMS thread though, just read BigE's posts. Here is one of the very few things that the ToxicFakeTrader got right: post #15,279 Read all Big E posts and you will learn how he trade his TMS method." So, this means up to post #12,912 because BigE dies after that.

hey FakeDr @MOSTTOXIC_FakeGuru @DrDick

You are in the wrong thread.

Your own thread direction link is > { here }

You should go back to your own thread and respond to anyone who barely post there. Your thread has died!


The OP Big E does not guarantee responding to questions, enquiries, and comments.... he died in 2012 after long illness.

it appears that you have severe reading comprehension issues and do not bother to read even this thread's OP' posts....

and you mixed up many things:

Quoting pedroxp
{quote} Hello emmanuel7788, I'm interested on following and learning your way of trading. Please what do you recommend for someone to start with the TMS method now? Kind Regards Pedro
First, member Pedro did not ask you. He asked me.

Two, he said " I'm interested on following and learning your way of trading...."

Three, you missed the part where he asked me for recommendation now.

You have lost your direction!

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,288
  • Dec 17, 2020 5:25pm Dec 17, 2020 5:25pm
A new trading day, I first look at new Daily signals.

- 3 sweet and juicy

- there are other small cherries too but pick them later intraday between Tokyo 1PM and London 5pm.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon Dec 17 SYD Open 18-12-2020 7-20-56 am.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,289
  • Dec 17, 2020 6:10pm Dec 17, 2020 6:10pm
Quoting Noors
{quote} Nice Emm! Hopefully we can get to that stage too! Do you have a daily loss limit? And is your recovery strategy based purely on MM? Btw please share your 5,10,15 setting on CM thank you. God bless all!

Hi Noors


Hopefully we can get to that stage too!

You will get to where you want to go. But when you follow the herd, you can only go as far as the herd will take you. You need to there alone.
I did it initially with a group for many years and eventually I went my own way.

I believe many of you will get to that same stage am and some will go farther and beyond. In 2011, I was in another group of traders and we started out during that Japan tsunami week. Some have made it even farther than me. But then there a few who dropped by the way side. We all have the same coach and mentor for 3 years, working hard 3 to 5 hours everyday, lots of reading, trading, reporting, meetings, one-on-one sessions with our mentor, etc. all for one thing in common ... developing winning trading system that fit each one individually.


Do you have a daily loss limit?

Yes. I trade a pool of currency pairs and this means I allocate an amount to each pair. Everyday, when day trading I trade 3 to 5 pairs, and try to maintain a win loss 60:40. That means for every 5 trades, 3 winners and 2 losers. I have a maximum positions sizing in my day-trading system. Trade in smaller positions size when the setups are of lesser 'quality'. Trade size can range from a base lot size 0.55 lot to a maximum 3.85 lots.
Limit daily losses to below 15% DD. 10% is good. Anything above 20% DD is very difficult to recover and very stressful.. no fun.


And is your recovery strategy based purely on MM?

Yes. Very important to develop a risk based trading system and also a recovery system. Risk Management is very important to survive in the markets and Positions Sizing Strategy will work its way for you. Always trade with low risk ideas. You need to have your own comfort level in risk taking. When you know your risk comfort levels, trading will be a breeze every day.

Btw please share your 5,10,15 setting on CM thank you.

Okay, first you must have your own Exit Strategy and also tie that to MM. You will know what will be the 'optimum' when you have done many trades and you see the cash flow-in.

Will post these later and also show with next trades in live market.

Keep on working hard and smart!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,290
  • Dec 17, 2020 6:19pm Dec 17, 2020 6:19pm
Quoting Noors
{quote} ...Btw please share your 5,10,15 setting on CM thank you. God bless all!

Hi Noors

here is today' trade example based on daily setup alert signal ( see this post above )

EURCAD Dec 18

- this is the first M15 and H1 setup entry of today
- I trade my minimum lost size 0.55 lot with multiple exits managed using THV CaveManager
- the CM setup for exit you see on the chart display

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Dec 18 D1 signal 18-12-2020 8-13-51 am.png Size: 41 KB


You get all the information about this pair in TMS_V19 H4

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Dec 18 H4 V19 info 18-12-2020 8-17-38 am.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,291
  • Edited 6:53pm Dec 17, 2020 6:36pm | Edited 6:53pm
Quoting Noors
{quote} Nice Emm! Hopefully we can get to that stage too! Do you have a daily loss limit? And is your recovery strategy based purely on MM? Btw please share your 5,10,15 setting on CM thank you. God bless all!

Hi Noors

- another trade example taken live now
- I trade AU, AU and UJ during these Syd-Tok hours.

- its the SYD_2H

- study the yellow arrows and the price action in the yellow box

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Dec 18 SYD_2H trade 18-12-2020 8-30-51 am.png Size: 52 KB


you know the risk ... see H4 below

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Dec 18 H4 V19 18-12-2020 8-52-05 am.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,292
  • Dec 17, 2020 7:02pm Dec 17, 2020 7:02pm
Quoting emmanuel7788
{quote} Hi Noors - another trade example taken live now - I trade AU, AU and UJ during these Syd-Tok hours. - its the SYD_2H - study the yellow arrows and the price action in the yellow box {image} you know the risk ... see H4 below {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Dec 18 SYD_2H trade 18-12-2020 8-30-51 am.png Size: 52 KB



USDJPY Dec 18 trade update Tokyo 10AM

- took profit by CM TP+1 +5pips

- CSTSL activated , SL moved .

- you can use the M15 H1 Close as setup for entry too!

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Dec 18 trade SYD_2H update 18-12-2020 9-00-07 am.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,293
  • Dec 17, 2020 7:14pm Dec 17, 2020 7:14pm
Anyone here scalp the 4hr like the OP Big E?

- first, do you trade once every 4 hours?

- what are your trading hours?

TMS Monitor H4 at Tokyo local time 9:12am

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon Dec 18 H4 at Tokyo 912am 18-12-2020 9-12-31 am.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,294
  • Edited 8:13pm Dec 17, 2020 8:02pm | Edited 8:13pm
Quoting emmanuel7788
{quote} I'm interested on following and learning your way of trading...."
Is your way of trading the same as BigE's way of trading?
You say: Yes
Please give the post nr where Watchdog and that monitor is used by BigE.
Please give the post nr where he use any aide to trade his method.
Make sure those post number's are in this thread.

You can not do that, you are in the wrong thread with your way of trading.
  • #113,295
  • Dec 17, 2020 8:12pm Dec 17, 2020 8:12pm
Quoting Tekkies
{quote} Is your way of trading the same as BigE's way of trading?
Very good that Tekkies asked a question

refer to OP Big E Post#160 < click link to read its original post text.

Unless you mastered this method already... keep the questions or concerns coming. Post your Demo & demo trades too.

Continue making Demo trades {and demo trades too} to build your confidence and study old charts where {price action @support & resistance plus }the TDI RSI MOMENTUM gives clean signals... it will pay you in spades... well, pips in our case...

member Pedro is interested on following and learning my way of trading.

Quoting pedroxp
{quote} Hello emmanuel7788, I'm interested on following and learning your way of trading. Please what do you recommend for someone to start with the TMS method now? Kind Regards Pedro
member Pedro isn't interested in Tekkies' trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,296
  • Dec 17, 2020 8:16pm Dec 17, 2020 8:16pm
Quoting Tekkies
{quote} Is your way of trading the same as BigE's way of trading?
hey Tekkies

YES!

Big E and I, we both trade USD10,000 and its like money we would take to Las Vegas ...

OP Big E Post#557 below:

I'm not looking for 15 pips profit... more like 150 !

The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas. You hope to win but don't often... Your taking money for entertainment and relaxation... So I don't give it a second thought... It's entertainment money as I said... Besides It always grows larger...

I REMEMBER THE DAYS WRINGING OUT MY HANDS FOR MY $500 ACCOUNT... THE SKIES FALLING ! Help, help, help.

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...

Evidently I missed something while looking at the set up and it's cut me short.... there are always set ups on different timeframes... different pairs. I'll study the trade I jumped out of for the answer so I don't make the same mistake again hopefully..

If your worried about the money in your account how are you going to pull the trigger with confidence? They tell you from the get go the money in your account shouldn't be money you need... otherwise don't trade...

Learning the fx market is like going to school. It costs to go to school and your pip money for trades is what you use to learn. When you have a reliable method and confidence... the market starts to pay you for your education expenses... profit.

The only reason I deposited that amount is because I trade full lots and some trades have 2-4 lots on a trade... or I'll add additional lots as the trade is in progress.. no big deal...

I'm in this because it's fun, keeps my mind active and I'm good at it. Pretty cut and dried...

------------------------------------------------------------------------------------------------------------
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,297
  • Dec 17, 2020 8:18pm Dec 17, 2020 8:18pm
Quoting Tekkies
{quote} Is your way of trading the same as BigE's way of trading? You say: Yes Please give the post nr where Watchdog and that monitor is used by BigE. Please give the post nr where he use any aide to trade his method. Make sure those post number's are in this thread. You can not do that, you are in the wrong thread with your way of trading.

hey Tekkies

You edited your post after I replied.

LOL.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #113,296 18-12-2020 10-17-25 am.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,298
  • Dec 17, 2020 8:23pm Dec 17, 2020 8:23pm
Quoting Tekkies
{quote} Is your way of trading the same as BigE's way of trading? You say: Yes Please give the post nr where Watchdog and that monitor is used by BigE. Please give the post nr where he use any aide to trade his method. Make sure those post number's are in this thread. You can not do that, you are in the wrong thread with your way of trading.
Now Tekkies realised he was rash in asking question and he edited his post....

now he ask for more information because he has not mastered Big E 5-Method, ... he did not even understand that Big E would close his trades at 6AM PDT .... that's TIMED EXIT.

Please give the post nr where he use any aide to trade his method.
Make sure those post number's are in this thread.
You can not do that, you are in the wrong thread with your way of trading

stay tuned! ... it's going to be another fun day in this COMEDY THREAD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,299
  • Dec 17, 2020 8:28pm Dec 17, 2020 8:28pm
----------------------------------------------------------------------------------------------------
New traders coming to this thread have three Options:

Option #1: Go to this post link, read and follow that post. The TMS history is all here.

https://www.forexfactory.com/thread/...3#post13295143


Option #2:
You don't have to read 5565 pages (113,300 posts)
Just two pdf files compiled by older members here will suffice.
download and read those two pdfs files.

simply click to download:

Best of Big E - Part 1

Best of Big E - Part 2


Option #3:
For those with some years of trading experience trading with indicators, this option may be better.

Click and read One, Two and Three

TMS being the 5-Method is a technical trading methodology therefore you need to add your own Money Management and make it your own system. Your trading psychology is another subject matter not talked about much.

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
  • #113,300
  • Dec 17, 2020 8:33pm Dec 17, 2020 8:33pm
Quoting emmanuel7788
{quote} {image} USDJPY Dec 18 trade update Tokyo 10AM - took profit by CM TP+1 +5pips - CSTSL activated , SL moved . - you can use the M15 H1 Close as setup for entry too! {image}

USDJPY Dec 18 trade closed

- TP1 +5pyps, TP2 +10pips

- stopped out the pull back CSTSL +3pips

- trade manager EA THV CaveManager does it job for me while I am busy posting in Forex 'Fun & Fantasy' Factory FFFF.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Dec 18 trade closed 18-12-2020 10-29-15 am.png Size: 36 KB

look M15 TDI cross but do not go short ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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