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Trading Made Simple

  • #116,881
  • Feb 11, 2021 7:32pm Feb 11, 2021 7:32pm
Quoting tommydoginti
{quote} AU broke both level and hitting a trendline EU broke out 1 level GU retesting previous high. Glad to have a win trade in AU in consolidation. Now chance of trend continuation and hdiv TMS
Summary of TMS indicators and rules #116,780
Examples of recent charts #116,757
Some legacy training charts from BigE (@eelfranz) #10736

Happy Chinese New Year.

An AU buy before bed.
H1H4 showed breakout and confirmation of HL.
M15 was forming a hidden divergence
Needed to sleep. Entered at m1, TDI buy cross with trendline support. A 4.85R SLTP was set.

woke up and saw price trapped at 2 major and minor levels with trendline break going to consolidation. SL to BE. Retested and rejected again. Closed at BE.

TDI green cross red up
HA candle colour change #2
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  • #116,882
  • Feb 11, 2021 8:39pm Feb 11, 2021 8:39pm
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MA provides the market's current direction and strength.
  • #116,883
  • Feb 11, 2021 9:13pm Feb 11, 2021 9:13pm
Big E did not trade H4 on Fridays **** important that you know why.

TMS Monitor Feb12 H1 Tokyo 12PM New York 10PM EST Oregon 7PM PDT

Many H1 alerts , as usual only trade when you have a trade plan prepared and know what the setups you want to trade.
Pick only those setups which meet your criteria 'best setups' or I call them A+++ setups.

Do No Overtrade !

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Cheers!
big EMM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,884
  • Feb 11, 2021 9:29pm Feb 11, 2021 9:29pm
Quoting hasib
{image}
That's a very good trade.

Following the Daily reversal candle setup...

Advanced TMS trading.

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Cheers!
big EMM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,885
  • Feb 11, 2021 9:37pm Feb 11, 2021 9:37pm
Great News!

Bitcoin Rises To Record High Of $49000 In Asian Trade

https://www.cryptocraft.com/news/106...gh-of-49000-in

Where more big boys move to ... we follow.

Year 2021 is the Crypto Year to make money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,886
  • Feb 12, 2021 1:09am Feb 12, 2021 1:09am
Quoting emmanuel7788
Great News! Bitcoin Rises To Record High Of $49000 In Asian Trade https://www.cryptocraft.com/news/106...gh-of-49000-in Where more big boys move to ... we follow. Year 2021 is the Crypto Year to make money.
Hi Emmanuel, newbie here. I have been reading this thread. So I wanted to ask if do you use this TMS method for your bitcoin?
  • #116,887
  • Feb 12, 2021 3:27am Feb 12, 2021 3:27am
Quoting itsmecux
{quote} Hi Emmanuel, newbie here. I have been reading this thread. So I wanted to ask if do you use this TMS method for your bitcoin?
If you have been reading this thread from the start, then the answer to your question is a resounding NO! He does not use TMS (BigE's 5-method) at all. He uses EAs to do his thinking that manage to pull him back above the water line by using martingale strategy on his basket of losing trades that he entered.

BigE made it CLEAR: NO EAs!!

BigE also closed his H4 trades at a certain time. The ToxicFakeTrader has to let his trades run and run until the EA can finally bring them from the huge negative to at least break even.

If you REALLY have an interst in BigE's 5-method, then read only BigE's posts and put the ToxicFakeTrader on Ignore so that you do not have the clutter of all of his nonsense.
To free Gazans of Hamas, use whatever it takes.
  • #116,888
  • Edited 4:21am Feb 12, 2021 4:01am | Edited 4:21am
Quoting itsmecux
{quote} Hi Emmanuel, newbie here. I have been reading this thread. So I wanted to ask if do you use this TMS method for your bitcoin?
Summary of TMS indicators and rules #116,780
Examples of recent charts #116,757
Some legacy training charts from BigE (@eelfranz) #10736

I doubt he has traded BTC. It was just an hindsight chart explaining the break-out.

If you compare the BTCUSD daily chart with BigE's TMS training charts such as #10736, when trading purely based on breakout ("Breakout buy!"), you can identify a TDI Bounce trade as of BigE's TMS rules. Daily chart does not have any valid TMS set up. The last one was TDI Buy Bounce Entry before the breakout happen. Buyers there likely set TP at Breakout level.

Pick whatever you want to know in this thread. Just a heads up, if you are looking for an averaging down trading, there is another strategy here in FF that gives higher win rate and lower DD. Good luck to you.

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  • #116,889
  • Feb 12, 2021 5:35am Feb 12, 2021 5:35am
Quoting itsmecux
{quote} Hi Emmanuel, newbie here. I have been reading this thread. So I wanted to ask if do you use this TMS method for your bitcoin?

Hi itsmecux

I don't think the OP Big E if he is alive today would be trading BTCUSD at it current market condition using his TMS 5-Method. He mention he can trade without the Stochastics and the TDI. (Post#2617). Those who have mastered his TMS 5-Method will know what that Post#2617 means. But reading the two member's post just above, obviously these two members has not learned how Big E traded the retail forex market. I doubt these two have traded a USD10,000 account like Big E did.

We all know that Eric aka Big E was a stock market trader for 10 years when he moved to started to trade spot forex in 2006. He would have a much larger trading investment account trading in the stock markets. His USD10,000 trading account would not be possible to buy BTCUSD at USD47,500 today. Forget about using CFDs which some brokers are offering. You need to have the money to invest in BTCUSD and it is for medium to longer term investments of 2 to 3 years. I am retired and can afford to invest some money as speculator. There is a lot of potential to make money this year but be prepared to cut-losses too. There are risks involve and it is important that we protect the downside and let the market take care of the upside.
There is strong demand in crypto currencies and this drive prices up.


Trade Well. Trade Safe.

cheers!
big EMM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,890
  • Feb 12, 2021 6:18am Feb 12, 2021 6:18am
Quoting emmanuel7788
{quote} That's a very good trade. Following the Daily reversal candle setup... Advanced TMS trading. {image} Cheers! big EMM
thanks
Gold
1800 is possible.
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MA provides the market's current direction and strength.
  • #116,891
  • Feb 12, 2021 6:26am Feb 12, 2021 6:26am
Hi all,

I have to admit that for the first time in my trading career, thats around 10 years, I'm so confident and secure in opening my positions with this system.
It's working almost perfectly!
Thanks to Big E who passed away and its made me so sad.
I'm so angry on myself that I didn't know and never heard about this forum before. Was all this years on investing.com, which is full of amaters and spammers!
Whish u all good luck and lot of money!
Multiple Position Trader
  • #116,892
  • Feb 12, 2021 7:01am Feb 12, 2021 7:01am
Quoting Lenart80
Hi all, I have to admit that for the first time in my trading career, thats around 10 years, I'm so confident and secure in opening my positions with this system. It's working almost perfectly! Thanks to Big E who passed away and its made me so sad. I'm so angry on myself that I didn't know and never heard about this forum before. Was all this years on investing.com, which is full of amaters and spammers! Whish u all good luck and lot of money!
Welcome aboard! Wish you all the best in your trading.

You can develop your skills in the TMS strategy starting from reading the thread from the very beginning. The late OP BigE was hosting this thread until #12912... Not only the posts by BigE, but many other traders back then before #12912 contain very useful information.

BigE started a few threads here on FF, and also developed a few strategies based on TDI. This is the thread about one of them: TMS TDI cross/bounce. The other strategies are slightly different in tools and rules. A lot of experienced traders on FF open multiple threads and share multiple strategies, but I can assure you the thread owners are professional by keeping each strategy separated so not to confuse new readers.

If you get confused sometimes, the TMS for M30 charts is another thread that mostly follow BigE's TMS strategies. Posters there share their charts with indications and explanations for others to easily follow. That may be useful to you too.

If you have any analysis or trades to share, please feel free to share them here too! You can follow the way BigE did, so readers, new and old, can better understand your charts and how TMS can work for them. Good Luck!
  • #116,893
  • Feb 12, 2021 9:56am Feb 12, 2021 9:56am
Quoting Lenart80
Hi all, I have to admit that for the first time in my trading career, thats around 10 years, I'm so confident and secure in opening my positions with this system. It's working almost perfectly! Thanks to Big E who passed away and its made me so sad. I'm so angry on myself that I didn't know and never heard about this forum before. Was all this years on investing.com, which is full of amaters and spammers! Whish u all good luck and lot of money!
It can work very well because TMS is catching a momentum.
BigE’s idea is you can add in confirmations from Price Action to confirm trade bias and increase your odd.

I am also newbie too. I trade ~0.1-0.25% risk with Live two weeks ago. So far the accuracy is good
6 wins, 1 lose, and some BE.
So 65% win rate is not a bluff if executed strictly to the rules. Absolutely no need for any EAs to help, as BigE did.

End the day with a UC scalp. Closed 3 candles later (like BigE closed trades 4-12 hours on H4) because going to bed soon. Similar set up on HTF suggested it may go down further, 1.2705 or 1.2685 as TP, if today was not Friday.
TMS sell cross at candle #2. I had my own decisions so entered a sell before candle close.

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  • #116,894
  • Feb 12, 2021 11:52am Feb 12, 2021 11:52am
Hello everyone Anyone know a way to color the labels of symbols?
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  • #116,895
  • Feb 12, 2021 6:15pm Feb 12, 2021 6:15pm
Quoting emmanuel7788
{quote} {image} BTCUSD Feb11 - standby for break high buy! - target USD50,000 {image}
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BTCUSD Feb13 Sydney weekend trading

- BTCUSD broke high on Friday EOD ... goo sign!
- this weekend, we look for LTF (I look at intraday M5/H1 setups entries) to build up positions retracements below the 'last high'.
- remember, as investors we build positions and to get better average entry price of all entries.
- know where to place your initial Stop Loss for all positions and do proper position sizing for all positions
- manage all positions based on their average entry price AEP and trail your stops using the same AEP and risk 'R'.
- do no be afraid to cut-losses when the market turn against your positions.
- do not fight against the market or you will lose. Go with the flow.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,896
  • Feb 12, 2021 6:31pm Feb 12, 2021 6:31pm
Quoting Lenart80
Hi all, I have to admit that for the first time in my trading career, thats around 10 years, I'm so confident and secure in opening my positions with this system. It's working almost perfectly! Thanks to Big E who passed away and its made me so sad. I'm so angry on myself that I didn't know and never heard about this forum before. Was all this years on investing.com, which is full of amaters and spammers! Whish u all good luck and lot of money!
Hello Lenart

CONGRATULATIONS!

You are the rare few who have 10 years trading experience and you have made the right decision to follow the trading journey of Big E in Forex Factory. I did this in 2011 and it has been almost 10 since.

Big E only started two(2) threads in Forex Factory. There is a brief history of Big E and his trading journey. He was a stock trader for about the same 10 years before he made the jump to trade retail spot forex. His motivation to trade forex was for fun and entertainment and he treated trading $10k like money he would take to Las Vegas. But I get to know Big E to be a honest man and wanted to help others achieve the same what he had achieved between 2006 and 2010, that is about 3 to 4 years during that time he develop several trading methods which he shared in Forex Factory.

Be warned! Like you said, there are also amateurs and spammers I have seen in the last 10 years. These people do not trade Big E 5-Method but talk a lot in this thread with their personal agenda.

If you have not read my summary of Introduction to Trading Made Simple and the Trading Journey of Big E in in Forex Factory , here is the link to the most recent update Feb 09, 2021.

https://www.forexfactory.com/thread/...4#post13401224

Start posting charts and we can all discuss trading base on live market charts and what our views and thought process are.


cheers!
big EMM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,897
  • Feb 12, 2021 6:47pm Feb 12, 2021 6:47pm
Quoting emmanuel7788
{quote} Hello Lenart CONGRATULATIONS! You are the rare few who have 10 years trading experience and you have made the right decision to follow the trading journey of Big E in Forex Factory. I did this in 2011 and it has been almost 10 since. Big E only started two(2) threads in Forex Factory. There is a brief history of Big E and his trading journey. He was a stock trader for about the same 10 years before he made the jump to trade retail spot forex. His motivation to trade forex was for fun and entertainment and he treated trading $10k like money...
yes totally agree with you. I will post some reminders after you finish with your chart updates.

experts like you definitely will adhere and respect BigE’s posts and regulations, yes?
  • #116,898
  • Feb 12, 2021 6:48pm Feb 12, 2021 6:48pm
Hey Folks

I have a lot of PMs asking lots of different questions and also some request. Many ask questions about price action, currency pairs trade setups, support and resistance, trade signals, plus other stuff but without charts it is not easy to understand your questions and discuss via PMs.

But I cannot reply individual PMs because in using PM I cannot attach charts, pdfs and my own notes. Moreover, using PM does not help all the people reading this thread. Our purpose to be active in Big E thread is to help one another and to learn from one another. Big E created this thread and made the jump from the Commercial forum and he wanted members to help him grow his thread together. So let's be positive and constructive, help Big E grow his thread in Forex Factory and share the same Big E spirit and do not destroy his thread.

So, my request is that member post in this thread and attach your charts for questions and answers , and for discussion.

I will reply a few PMs which are in the category Frequently asked Questions FAQs

Stay Positive

cheers!

big EMM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,899
  • Feb 12, 2021 6:52pm Feb 12, 2021 6:52pm
Quoting tommydoginti
{quote} yes totally agree with you. I will post some reminders after you finish with your chart updates. experts like you definitely will adhere and respect BigE’s posts and regulations, yes?

@tommydogie

Good to have an agreement. But do I really need you to agree?

First, you are a newbie and you still do not have any pebble in your hand yet.

But, you can remind me which chart updates and I will explain to you.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,900
  • Feb 12, 2021 7:19pm Feb 12, 2021 7:19pm
Quoting tommydoginti
{quote} ...
It can work very well because TMS is catching a momentum.
BigE’s idea is you can add in confirmations from Price Action to confirm trade bias and increase your odd.

I am also newbie too. I trade ~0.1-0.25% risk with Live two weeks ago. So far the accuracy is good
6 wins, 1 lose, and some BE.
So 65% win rate is not a bluff if executed strictly to the rules. Absolutely[/highlight]...

@tommydogie

You are a newbie. How many years have you been trading the markets?

How many trades have you done with Big E' 5-Method?

with 6 wins, 1 loss - DO NOT be fired up with these short term results. Do 100 trades , then 200 trades, then 300 trades until you have completed 1,000 trades then you will have better sample size to see the real results of your own trading.

remember Big E Post#281 - he was referring to some traders back in the month of April 2011 when they were euphoric after a few winning trades.

Have Fun trading next week!

cheers!
big EMM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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