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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

  • #116,781
  • Feb 9, 2021 6:47am Feb 9, 2021 6:47am
GBPUSD Week06 Feb 09

Big Picture ... TMS traders have no need for 'bigger'picture'... we keep it simple.

we have many trading tools like this pipware charts by stratman

- always look at price, the price action using either the Price Bar chart or Japanese candlesticks,
-previous price action PPA - swing highs and swing lows, observe the HA candles price action and its 5EMA.
observe the price around round numbers RN and big round number BRN
- observe the price reaction around the 10EMA, 50EMA and 200EMA
- also must pay attention to market events and economic data release day and time


Attached Image (click to enlarge)
Click to Enlarge Name: GU Feb09 H4 pipware big picture 9-2-2021 7-37-41 am.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,782
  • Feb 9, 2021 6:54am Feb 9, 2021 6:54am
GBPAUD Feb 09 H4 Swing Trading

- notice that weekly big candle!

- how to trade when we see a big weekly candle

- the Weekly Trend 2/8 is sideways, will TMS 5-Method work as a trading system strategy? How?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Feb09 big weekly candle 9-2-2021 8-49-11 pm.png Size: 97 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,783
  • Feb 9, 2021 6:58am Feb 9, 2021 6:58am
EURNZD Feb09 H4 Swing Trading

- Weekly Trend 2/8 is bearish

- no buying

- sell with TMS MEME.

- caution with the depth of the retracement which is to build position.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Feb09 H4 V19 9-2-2021 8-55-43 pm.png Size: 92 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,784
  • Feb 9, 2021 7:03am Feb 9, 2021 7:03am
GBPJPY Feb09 H4 Swing Trading

- what do you notice about the Weekly candles?

- something to prepare for {____________}

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Feb09 H4 V19 9-2-2021 9-01-16 pm.png Size: 90 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,785
  • Feb 9, 2021 7:21am Feb 9, 2021 7:21am
Over the past 10 years, I see new traders come and go in this thread and pretend to be traders and full of enthusiasm to teach others Big E' Trading Made Simple. These new traders with little trading experience most less than 3 years trading the spot forex market. Now we see another new trader with less than 12 months trading experience and wanting to be the teacher of Big E Trading Made Simple and having no clue of Big E' background and his years of trading experience. This new trader is just another newbie and he thinks he can provide us a new platform for trading discussion.

Folks, let us be patient, let's give him a chance and we shall see the substance he is made of.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,786
  • Edited 9:10am Feb 9, 2021 8:45am | Edited 9:10am
I see the same person week-after-week, year-after-year in this thread perverting and destroying the teachings of BigE. He has a PROVEN track record of failed accounts, even losing $30,000 AUD in a single week and trashing the account.

He insists on ADDING things, such as EAs and MORE indicators, directly contrary to BigE's words of do not add anything.
Quoting eelfranz post#802
OK Gang..... I've already posted I don't want anything to do with an EA for this method... so someone puts one on a post... STOP.

Anyone using it will lose money because they can't think like you.... and you will be put on the Ignore list... Can I make it plainer than that?

2 people have lost their privelage to post ever again just today... I'm serious...

He makes post-after-post that is irrelevant to BigE's 5 method that this thread is about. He makes posts that are nothing more than obvious bait to lure the unsuspecting into making a reply to him, hoping that he will hook another to follow him. He even posts pictures of swimming pools and cruise ships in attempts to convince the naive that he has found the road to riches. But there are many posts in the thread that clearly expose him as a blatant fraud and charlatan.

He begs for followers, trying to trick them into signing up with FxBlue, but then requiring them to get on his white list. He has tried to trick the naive into thinking that there is a weekend Zoom group that discusses the approaching week's trading.

Many people through the years have asked why he does not simply open a thread and freely do all of the things that he perverts this thread with instead of keeping the thread as BigE expressly said he wanted it--for discussing his 5 method ONLY.

His bloated ego has already resulted in his declaration that he is here to "fill the void"--LOL. In reality, there is no void in this thread to fill. BigE left all the information needed to trade his 5 method.
To free Gazans of Hamas, use whatever it takes.
  • #116,787
  • Feb 9, 2021 9:04am Feb 9, 2021 9:04am
Quoting tommydoginti
BigE’s original TMS uses TDI as major tool, then PA and price structures. With TMS TDI as the signal, one is not picking top or bottom, but to follow through the momentum when a swing is in its early phase. PA can help identify levels to anticipate a TMS setups to happen UJ. H1 showed a textbook supply zone. Place an alert when price comes back to the level. Second alert for when the TDI cross. By then check if it is candle #1-2 in new colour. For added confirmation, scale down to m15 and identify a triple top with (not very textbook) TDI double...
BigE’s original TMS uses TDI as major tool, then PA and price structures.
And it's a pity that some people have essentially abandoned this and cluttered the thread with nonsense such as this.

Quoting emmanuel7788 aka ToxicFakeTrader
when you have learn these two models, I will show you my CashFlow model ...

then only you can follow me and have another chance to trade $50K to $400,000 in 3 years /36 months. I have done it in 2018/2020.

Tell me know, who else want to try this.
ToxicFakeTrader says:
I am looking for FOLLOWERS! (Why don't I just open my own thread?? All will be revealed! Stay tuned!)
First, jump through my hoops.

After mastering the hoop jumping, THEN you MIGHT be qualified to FOLLOW the me into fantasy land (you know the place, where I showed the swimming pool, the cruise liner, etc., etc.).

And for you followers that do not have $50,000 real dollars to put into a trading account (which is maybe EVERYONE, right?), don't worry about it, because you can just open a demo account and use fantasy money and trade, trade, TRADE, for the next 3 years. That is, if you can figure out how to use all of the EAs that are required to do your thinking for you. Oh, and if you can figure out and remember all of the bar patterns and how to trade them, and all of the other things that will crop up.

And don't forget that you will be required to join FxBlue and become my best pal so that you can get whitelisted. This is the most important part of this whole "journey"--all the other stuff is just the means to this FxBlue connection end.
To free Gazans of Hamas, use whatever it takes.
  • #116,788
  • Edited 10:57am Feb 9, 2021 9:57am | Edited 10:57am
Quoting emmanuel7788
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...
Can't believe an "experienced" trader, expert in Blessing3 and averaging down, can make this most stupid statement ever heard.

TDI Red and Green lines do not repaint! They are RSI Moving Averages and values are fixed once a candle closes.
Stop fooling other readers!

Fact:
If one has used MT4 (same for TradingView in this aspect), ever, to backtest with indicators, one should notice the indicators change on the left-most and last candle on the right as he/she scrolls.
This is because of cached price data. No matter where in time it is showing, a chart only caches price data a few bars beyond the left (past) and up to the right-most candle (last candle/ current). TDI, uses RSI (13) MAs, needs 12 more bars to the left of the a candle for calculation. As MT4 only caches a few bars left, indicators looks like "repainting" for the left 1 to few bars as it compromises to take less than 13 bars to calculate. TradingView accumulates cache as scrolling back, but MT4 refresh cache every time when scrolled.
You may even see missing lines for indi that have shift applied

The data and indicators further away from the edges of a chart (i.e. towards middle of chart) do not have this issue. Again... wow.... "repaint historical bars"... omg...

Again, TDI is non-repainting indicator.


**Edit
@Tekkis once said TDI “repaints” and showed charts seeing TDI changed as the candle was still open and forming. @Tekkis’s expression was correct.

According to an experienced trader on Babypips:
https://forums.babypips.com/t/what-d...repaints/34965
“Indicator repainting is a term used to describe an indicator repositioning its line at the point where the current price bar is forming.”

Recalculation is a process, repainting is an action. There is nothing wrong about @Tekkis and really ignorant to laugh at this for so long...
  • #116,789
  • Edited 10:55am Feb 9, 2021 10:16am | Edited 10:55am
Quoting DrDave
I see the same person week-after-week, year-after-year in this thread perverting and destroying the teachings of BigE. He has a PROVEN track record of failed accounts, even losing $30,000 AUD in a single week and trashing the account. He insists on ADDING things, such as EAs and MORE indicators, directly contrary to BigE's words of do not add anything. {quote} He makes post-after-post that is irrelevant to BigE's 5 method that this thread is about. He makes posts that are nothing more than obvious bait to lure the unsuspecting into making a reply...
You see... #116,781 "This is my way to honour Eric aka eelfranz our OP"
Must be full of hate from deep down...

Is this thread about who's better trader? NO, plz go to 'Trading Journal'
Is this thread about recruiting followers? NO, plz open your own thread
Is this thread about BigE's 5-method? NO, that is another thread by BigE
Is this thread about Blessing 3 EA? NO, but there is a thread about it
Is this thread about Averaging Down? NO, BigE may have used it, but not for TMS strategy.

This is a thread about One Of BigE's Strategies: Trading Made Simple.
All tools and rules are explained in BigE's post, especially #1 and #25.

I tried my best to summarize and refresh people's memory about the original Trading Made Simple. #116,780
A strategy that could have 65% accuracy "evolved" into a 35%, and 65% of the time needing averaging down? That is called degeneration.
  • #116,790
  • Feb 9, 2021 1:26pm Feb 9, 2021 1:26pm
My observation from 2011 to 2020, last 10 years in this thread every time a newbie comes to this thread and enthused to be the TMS teacher after the OP Eric aka eelfranz died,...

The Saga of the TDI Indicator ... continues

Inserted Video


Download the TDI version from Post#25 and learn about coloured lines - moving averages of the RSI data.

Then download the other versions posted by different members in this thread.

Some many different versions ... confuses people all the time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,791
  • Feb 9, 2021 1:28pm Feb 9, 2021 1:28pm
EU Feb09 H1

before I refresh this chart, you observe the RSI green price line

Attached Image (click to enlarge)
Click to Enlarge Name: EU Feb09 H1 TDI before refresh10-2-2021 3-14-40 am.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,792
  • Feb 9, 2021 1:29pm Feb 9, 2021 1:29pm
GU Feb09 H1

- before I refresh this chart, you observe the RSI green price line

Attached Image (click to enlarge)
Click to Enlarge Name: GU Feb09 TDI before refresh 10-2-2021 3-15-56 am.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,793
  • Feb 9, 2021 1:36pm Feb 9, 2021 1:36pm
GBPUSD Feb09 Weekly chart trading

- slow start to the week, no key events to make big move

- do you see averaging down ?

- do you see averaging UP ?

- I scale-in and scale-out positions as the market moves

- you can scale-in and you can scale-out

- you can trade with multiple entries & multiple exits MEME


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Feb09 Weekly trades 10-2-2021 3-30-35 am.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,794
  • Feb 9, 2021 1:46pm Feb 9, 2021 1:46pm
Quoting emmanuel7788
GBPUSD Feb09 Weekly chart trading - slow start to the week, no key events to make big move - do you see averaging down ? - do you see averaging UP ? - I scale-in and scale-out positions as the market moves - you can scale-in and you can scale-out - you can trade with multiple entries & multiple exits MEME {image}
Hi emm do you have any trading psychology checklist- or can you refer me a trading psychology checklist.
Thanks
MA provides the market's current direction and strength.
  • #116,795
  • Feb 9, 2021 1:50pm Feb 9, 2021 1:50pm
Some old videos posted by the late OP now found in youtube channel.

good to remind us of the OP trading journey when he started with Dean Malone and Craig Harris in 2008,

how the OP blended different methods/system and created his own ...

Keeping It Simple Follow the Yellow Brick Road

https://www.forexfactory.com/thread/...0#post13401950
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,796
  • Feb 9, 2021 2:01pm Feb 9, 2021 2:01pm
Free lesson on youtube

Get more ideas how you can trade.

Building Multiple Positions: How to do it without Blowing your Account?

Inserted Video


https://youtu.be/nuhHEAbwzEg
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,797
  • Feb 9, 2021 2:10pm Feb 9, 2021 2:10pm
Quoting eelfranz
Klops... (503) 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...

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...


Is Trading Made Simple aka TMS going to Las Vegas?

Why do you want to risk 15% to 30% of your $10,000 in one single entry trade? { read about Job and Moses }

Do you think you really can open a trade with perfect timing?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,798
  • Feb 9, 2021 2:13pm Feb 9, 2021 2:13pm
EU Feb09 H1

- PA and TDI

Attached Image (click to enlarge)
Click to Enlarge Name: EU Feb09 TDI flat to bounce 10-2-2021 4-12-04 am.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,799
  • Feb 9, 2021 2:25pm Feb 9, 2021 2:25pm
Quoting emmanuel7788
Free lesson on youtube Get more ideas how you can trade. Building Multiple Positions: How to do it without Blowing your Account? https://youtu.be/nuhHEAbwzEg https://youtu.be/nuhHEAbwzEg
GBPUSD trades closed.

- trade small positions and do not risk 15% to 30% on one single entry trade unless you have lots of spare cash and treat trading like going to Las Vegas casino.

- now seeing the Weekly is intact, I start a new basket.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Feb09 trades closed 10-2-2021 4-22-35 am.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,800
  • Feb 9, 2021 3:07pm Feb 9, 2021 3:07pm
eelfranz didn't use any stoploss or tp yeah???
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