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Trading Made Simple

  • #115,401
  • Jan 21, 2021 5:50am Jan 21, 2021 5:50am
Buy SP500 EPM21 @3843.2

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,402
  • Jan 21, 2021 5:55am Jan 21, 2021 5:55am
Quoting tommydoginti
{quote} It is an honest question. In some recent posts you shared some naked charts with good trades and analysis. But I am still going through some old posts by BigE when he was still posting charts with TDI, even he might not be using them for analysis. BigE was a respectable man as he provided some very good explanation for many charts especially not strictly the TMS way. Would you share also your insight on your trades to honor the thread’s good practice too? Thanks. They looked confusing to me.
They [trades] looked confusing to me.
It's OK: He's sailing in the same boat Confusion that you are in.
To free Gazans of Hamas, use whatever it takes.
  • #115,403
  • Jan 21, 2021 6:00am Jan 21, 2021 6:00am
Quoting emmanuel7788
{quote} "we are dealing here with a depressed schizophrenic " ... FakeDr @DrDick @MOSTTOXICFakeTradingGURU FakeDr is also OP of a dead thread TDA with IMT ....
May be instead of calling names you will try to trade using TMS rules?
Or you can create your own "random fake trades by EMM" thread. We will join.
Observer effect
  • #115,404
  • Jan 21, 2021 6:02am Jan 21, 2021 6:02am
Quoting DrDave
{quote} They [trades] looked confusing to me. It's OK: He's sailing in the same boat Confusion that you are in.
@DrDick/@ivan9578/@DrDick -- I hope you aren't neglecting all those comments in your thread that require responses...

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  • #115,405
  • Jan 21, 2021 6:06am Jan 21, 2021 6:06am
Emmanuel in all honestly,even if you open your own thread it will be at the top of trading systems section,simply because you have your own followers already.
Especially robots4me will help you a lot on that,obviously.
If that is your concern,don't even hesitate.
That would simply benefit you with blocking/banning anyone you want from your thread.
  • #115,406
  • Jan 21, 2021 6:20am Jan 21, 2021 6:20am
Quoting eelfranz
Is that possible? Yes. Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies... I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a lot...

The OP said this in his Post#1

We have a group of great traders who have been trading this method for 6-8 months already who will help you jumping in to answer your questions too.

I am very protectful of all our members. We don't have a stressful thread... no name calling allowed. I'll delete anyone who starts any problems. If you have a problem PM me and don't post it. If your not happy... please move on quietly. I'd do the same for you. You want Stress Free learning... come join us...

....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,407
  • Jan 21, 2021 6:23am Jan 21, 2021 6:23am
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?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,408
  • Jan 21, 2021 6:28am Jan 21, 2021 6:28am
Quoting emmanuel7788
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...

Thanks a lot! I agree TMS is a flexible system as it utilizes various approaches and twists based on different context.

your explanation to your trades shared are definitely helpful. Also we are in Trading System discussion, some elaboration will let reader understand the system more, and not fall into misunderstanding of showing off trades, which should be in the Trading Journal tab.
  • #115,409
  • Jan 21, 2021 7:04am Jan 21, 2021 7:04am
Quoting tommydoginti
{quote} Thanks a lot! I agree TMS is a flexible system as it utilizes various approaches and twists based on different context. your explanation to your trades shared are definitely helpful. Also we are in Trading System discussion, some elaboration will let reader understand the system more, and not fall into misunderstanding of showing off trades, which should be in the Trading Journal tab.
Tommy, take note only one #2617 is from this thread.
- Harris thread is not Trading Made Simple thread.

What did BigE meant to say in that post?
Remove all information to study only the candle bar formation as to why TDI crossed over or to remove TDI/Stoch from chart.

- Referring to other "old" posts to support a option is actually a contradiction to the subsequently posts after #2716 where BigE did use TDI/Stoch in his posts.
Even the last chart posted by him has TDI and Stoch.

So where did BigE removed TDI/Stoch?
  • #115,410
  • Jan 21, 2021 7:15am Jan 21, 2021 7:15am
Quoting Tekkies
{quote} Tommy, take note only one #2617 is from this thread. - Harris thread is not Trading Made Simple thread. What did BigE meant to say in that post? Remove all information to study only the candle bar formation as to why TDI crossed over or to remove TDI/Stoch from chart. - Referring to other "old" posts to support a option is actually a contradiction to the subsequently posts after #2716 where BigE did use TDI/Stoch in his posts. Even the last chart posted by him...

I dunno. I don’t come here to remember post numbers and words, but to study how others use and interpret the strategy. A strategy can evolve and taken at different approaches by individuals.
At the same time it is normal to have people agreeing and disagreeing, discussing a bit off-topic. This is a Trade system discussion thread and it is normal

So it is important and respectful to OP and others by elaborating on trades shared, not a simple “hey I bought here” and a chart with arrows and candles and how many wins. That should go to Trading Journal.
  • #115,411
  • Edited 8:05am Jan 21, 2021 7:38am | Edited 8:05am
Quoting Tekkies
{quote} Tommy, take note only one #2617 is from this thread. - Harris thread is not Trading Made Simple thread. What did BigE meant to say in that post? Remove all information to study only the candle bar formation as to why TDI crossed over or to remove TDI/Stoch from chart. - Referring to other "old" posts to support a option is actually a contradiction to the subsequently posts after #2716 where BigE did use TDI/Stoch in his posts. Even the last chart posted by him...
Madam -- are you posting as a male, female, or female masquerading as a male? Not that it matters. Just that it helps readers put your comments into the proper perspective...

Madam -- please -- a bit of modesty and humility go a long way...
  • #115,412
  • Jan 21, 2021 7:44am Jan 21, 2021 7:44am
Quoting PixelSniper
Emmanuel in all honestly,even if you open your own thread it will be at the top of trading systems section,simply because you have your own followers already. Especially robots4me will help you a lot on that,obviously. If that is your concern,don't even hesitate. That would simply benefit you with blocking/banning anyone you want from your thread.
@PixelSniper -- @emmanuel7788 isn't in it for the attention or ego. Imagine what @DrDick/@ivan9578/@DrDave and @Tekkies would do in @emmanuel7788's absence. Naw -- @emmanuel7788 knows perfectly well the burden he has undertaken. He carries on to protect BigE's methodology and wishes from the likes of people like those two. And even with the bad intent those two bring, many readers continue to benefit from @emmanuel7788's guidance and ability to bridge the gap between what BigE brought to the table back in 2011 and what is relevent to MT4 traders today.
  • #115,413
  • Jan 21, 2021 7:50am Jan 21, 2021 7:50am
Quoting robots4me
{quote} @PixelSniper @emmanuel7788 knows perfectly well the burden he has undertaken. He carries on to protect BigE's methodology many readers continue to benefit from @emmanuel7788's guidance and ability to bridge the gap between what BigE brought to the table back in 2011 and what is relevent to MT4 traders today.
Well okay.
Personally I have observed enough of TMS and many other systems in the trading systems section.
Just to know how other traders think/trade.
I'm good,so that's a farewell from me to TMS.
Less spam will be definetly appreciated here.
  • #115,414
  • Jan 21, 2021 7:54am Jan 21, 2021 7:54am
Quoting PixelSniper
{quote} Well okay. Personally I have observed enough of TMS and many other systems in the trading systems section. Just to know how other traders think/trade. I'm good,so that's a farewell from me to TMS. Less spam will be definetly appreciated here.
@PixelSniper -- young and smart are enviable qualities. Be truthful to yourself and with others and you'll do fine. Best of luck in your trading journey...
  • #115,415
  • Edited 1:47pm Jan 21, 2021 1:33pm | Edited 1:47pm
I can remember 4 months ago I was desperately trying to get a 10% return in a month with less than 5% dd in a day.
Now I get 10% in a month, sometimes I don't have to practice 1 month before that I get my 10%.
I have to improve more. I am always a student of the market, I always respect experienced traders

see the below picture I am doing my practice.

There are many ways to trade the market, your own way is not invented yet Until you trade the market profitably.

the same system becomes different generate different result if you switch one tf to another tf.

Profitable Trading One TF Possible, Some people say no no you are doing BS etc, etc.

Many profitable EA runs on one tf and one pair only, So practice, practice and practice.
Don't full yourself switching TF to TF.
let's say Mr.X uses 12 TF for his trading decisions. something happens he wants to close his trade early. Now he has to jump TF to TF for the simple decision making.
If he trades 10 pairs, for trading decisions making he has to watch 120 trading charts. do you think he can make better decisions watching all those chart. NO, he will be stress out and he will make a lot of silly mistakes.
I give you little food for thought. hope you will think about it. YOu don't have to agree with me. I will say don't try to stress out, experts say you can't predict the future except it you will be a better trader. I agree with that. Using too many TF you are trying to predict the market. which is dangerous.
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MA provides the market's current direction and strength.
  • #115,416
  • Jan 21, 2021 2:13pm Jan 21, 2021 2:13pm
Quoting hasib
I can remember 4 months ago I was desperately trying to get a 10% return in a month with less than 5% dd in a day. Now I get 10% in a month, sometimes I don't have to practice 1 month before that I get my 10%. I have to improve more. I am always a student of the market, I always respect experienced traders see the below picture I am doing my practice. There are many ways to trade the market, your own way is not invented yet Until you trade the market profitably. the same system becomes different generate different result if you switch one tf to...
Hasib, you have a thread now. Why don't you post your ramblings there instead of adding to the clutter here that has nothing to do with the 5-method?

Many profitable EA runs on one tf and one pair only,
Where are these profitable EAs?? I have yet to see verified results of an EA that trades over a period of 1 year with "reasonable" drawdown that end s in profit. You said MANY profitable EA[s]. So, that must mean you know of more than one, so of course you can give us links to them, right?

Don't full yourself switching TF to TF.
Don't fool YOURSELF thinking that you know much about multi-TF trading: That is clear from your ramblings and criticisms of it.

f he trades 10 pairs, for trading decisions making he has to watch 120 trading charts.
Just more nonsense: This is nothing more than YOUR personal view of it. In any case, if such a trader WERE trying to trade several instruments over self TFs and felt stressed out and made mistakes, isn't it logical to expect that he would simply reduce the number of pairs to what he is comfortable trading?? DUH. Your nonsense logic is like someone that gets a ne pair of shoes and walks 5miles i them and gets terrible blisters and sore feet, but refuses to give them up (for some reason that he has convinced himself is a valid reason) DESPITE the pain that they cause.

So, hasib, I give you little food for thought. hope you will think about it.
To free Gazans of Hamas, use whatever it takes.
  • #115,417
  • Edited 5:16pm Jan 21, 2021 3:29pm | Edited 5:16pm
Quoting DrDave
{quote} Hasib, you have a thread now. Why don't you post your ramblings there instead of adding to the clutter here that has nothing to do with the 5-method? Many profitable EA runs on one tf and one pair only, Where are these profitable EAs?? I have yet to see verified results of an EA that trades over a period of 1 year with "reasonable" drawdown that end s in profit. You said MANY profitable EA. So, that must mean you know of more than one, so of course you can give us links to them, right? Don't full yourself switching TF to TF. Don't fool...
@DrDick/@ivan9578/@DrDave -- your post reflects so accurately the type of person you are. Here @hasib shares his success and what he thinks is important. And your response is drenched in envy. And yet you come to @Tekkies defense when she blows her account.

@DrDick/@ivan9578/@DrDave -- it is clear to everyone the reason you dislike @hasib and continue to denigrate him is because he is passionate about forex and loves to trade -- whereas you are not. Trading has not been good to you, so you hate to see someone else succeed...

@DrDick/@ivan9578/@DrDave -- no wonder your thread has ZERO viewers...

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  • #115,418
  • Jan 21, 2021 5:29pm Jan 21, 2021 5:29pm
Quoting Tekkies
{quote} Tommy, take note only one #2617 is from this thread. - Harris thread is not Trading Made Simple thread. What did BigE meant to say in that post? Remove all information to study only the candle bar formation as to why TDI crossed over or to remove TDI/Stoch from chart. - Referring to other "old" posts to support a option is actually a contradiction to the subsequently...
@Tekkies
Tommy, take note only one #2617 is from this thread. - Harris thread is not Trading Made Simple thread.

Of course, Post#2617 is in this thread.

But get the facts right when you want to follow the trading journey of Big E in Forex Factory.

There is no Harris thread. If you want to promote Craig Harris, he is a Commercial member.

That old thread title started by Big E was "GBPUSD 15 Min" but Big E added other methods he learned and develop more methods.
#195 Dec 26, 2009
================================================
Kolin,

Our threads original name was GBP/USD 15 Min. Chart. FF has changed it to Craig Harris Stochastics Method which is fine. If they move us it will be by their choice in the future.... so all is well and we will make the most of it right where we are at.

When I'm looking for the trend on the 15 minute chart that I trade: I look to the left side of the chart to the right side. Are the candles going up or are they going down? Which ever way they are going is the current trend. If they are going sideways then we are ranging.

For those of you attempting to trade this on a 5 minute chart you have to realize that the swings are no longer 20-40 pips. They will be smaller and most will break even or lose your shorts! You need to be on the 15 minute chart with at least 20-40 pip swings. Craig says 30-60 pip swings. THIS IS VIP for your success.

Your Tokyo Channel HAS TO BE over 40+ pips and the more the better for your success. Your reversal trades are generally longer in the direction of the current trend.
===============================================
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,419
  • Jan 21, 2021 5:30pm Jan 21, 2021 5:30pm
Quoting Tekkies
{quote} Tommy, take note only one #2617 is from this thread. - Harris thread is not Trading Made Simple thread. What did BigE meant to say in that post? Remove all information to study only the candle bar formation as to why TDI crossed over or to remove TDI/Stoch from chart. - Referring to other "old" posts to support a option is actually a contradiction to the subsequently posts after #2716 where BigE did use TDI/Stoch in his posts. Even the last chart posted by him...
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
  • #115,420
  • Jan 21, 2021 5:43pm Jan 21, 2021 5:43pm
Quoting hasib
I can remember 4 months ago I was desperately trying to get a 10% return in a month with less than 5% dd in a day. Now I get 10% in a month, sometimes I don't have to practice 1 month before that I get my 10%. I have to improve more. I am always a student of the market, I always respect experienced traders see the below picture I am doing my practice. There are many ways to trade the market, your own way is not invented yet Until you trade the market profitably. the same system becomes different generate different result if you switch one tf to...
@hasib

I can remember 4 months ago I was desperately trying to get a 10% return in a month with less than 5% dd in a day.
Now I get 10% in a month, sometimes I don't have to practice 1 month before that I get my 10%.
I have to improve more. I am always a student of the market, I always respect experienced traders

Yes. 10% a month is good. and 5% DD is manageable and recovery would be easy and less stress.

My personal target is 10% every 20-trading days cycle. The average number of trading days to hit 10% is between 10 and 15 days. Sometimes, I get hit with 10%DD in a 20-trading days... this is one losing period and it can happen 2 to 3 times in a series of 20-trading days cycles over a longer term. I look at 3 years cycle.

Key here is CONSISTENCY and this requires TRADING DISCIPLINE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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