Trading Made Simple | Page 5877 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #117,521
  • Mar 9, 2021 2:34am Mar 9, 2021 2:34am
Quoting emmanuel7788
{quote} GBPUSD Mar09 H4 - waiting for the breakout of the MC range {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Mar09 H4 V19 9-3-2021 9-23-44 am.png Size: 73 KB


GBPUSD Mar09 H4 8:32am London session

- looking nice but must wait till this H4 bar/candle close ... 1H 29M to go.

- if you do not wait, then look for M15/H1 setup

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Mar09 H4 V19 breakout in progress 9-3-2021 4-30-40 pm.png Size: 61 KB


*** PATIENCE ***
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,522
  • Mar 9, 2021 2:39am Mar 9, 2021 2:39am
Inserted Video
MA provides the market's current direction and strength.
  • #117,523
  • Mar 9, 2021 2:47am Mar 9, 2021 2:47am
Quoting hasib
{quote} can you suggest me a system, you think have edge, I will backtest that. I have already tested TMS and TMSR
Hi, Hasib

I think that your experience is not enough to find A +++ setups. BigE has experience that cannot be expressed verbally or in writing.
Keep calm and trade
  • #117,524
  • Mar 9, 2021 2:52am Mar 9, 2021 2:52am
Quoting emmanuel7788
{quote} {image} GBPUSD Mar09 H4 8:32am London session - looking nice but must wait till this H4 bar/candle close ... 1H 29M to go. - if you do not wait, then look for M15/H1 setup {image} *** PATIENCE ***

new traders always find themselves caught when trading the European markets sessions.

Tokyo closing hour and London open hour is an overlap and we do not know if there are really buyers or sellers , or just the Tokyo traders exiting their positions.

What is the solution for day traders?
Attached Image (click to enlarge)
Click to Enlarge Name: Tokyo close London Open 9-3-2021 4-48-46 pm.png Size: 14 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,525
  • Mar 9, 2021 2:55am Mar 9, 2021 2:55am
Quoting emmanuel7788
{quote} {image} GBPUSD Mar09 H4 8:32am London session - looking nice but must wait till this H4 bar/candle close ... 1H 29M to go. - if you do not wait, then look for M15/H1 setup {image} *** PATIENCE ***

GBPUSD Mar09 LO candle

- now waiting for the M15/H1 setup candle

- if this M15 closes bullish and Close the H1 with small wick, it's a GO.

***TIMING***

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Mar09 M15 with H1 9-3-2021 4-53-31 pm.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,526
  • Mar 9, 2021 2:59am Mar 9, 2021 2:59am
Quoting realhieuaq
{quote} Hi, Hasib I think that your experience is not enough to find A +++ setups. BigE has experience that cannot be expressed verbally or in writing.

A+++ setups need only Ten(10) things
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,527
  • Mar 9, 2021 3:08am Mar 9, 2021 3:08am
Quoting emmanuel7788
{quote} GBPUSD Mar09 LO candle - now waiting for the M15/H1 setup candle - if this M15 closes bullish and Close the H1 with small wick, it's a GO. ***TIMING*** {image}

GBPUSD Mar09 LO M15 with H1 Close

- I would prefer if the M15 close has a higher high + Higher Close and Closes the H1 candle.

- but it good enough for LO

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Mar09 M15 H1 candle setup 9-3-2021 5-04-40 pm.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,528
  • Mar 9, 2021 3:49am Mar 9, 2021 3:49am
Quoting hasib
{quote} can you suggest me a system, you think have edge, I will backtest that. I have already tested TMS and TMSR
There is no such thing as "edge".

The edge that you might have as a trader is knowing what other traders will do, and capitalizing on that. It is one of the main reasons I come to the factory. I want to see what the fib traders, the stoch traders, the TDI traders, and especially the moving average traders are doing. All it takes is for you to front run them using bar by bar price action. HH and LL happen on a bar by bar basis. By the time green crosses red on the TDI, I am adding to my starter position, because pivot traders are getting into positions at the top or bottom of the TDI. I got in on the first or second reversal candle I saw. Then the TDI traders start getting in, then the stochastic pop traders and MA traders are getting in. The VWAP traders are getting in on pullbacks, as are the fib traders. My "edge" is that when I see a trend, I push that trend and add aggressively without violating my risk profile. My other "edge" is that I do not scale in, I never throw good money after bad. My final "edge" is that I use the correct brokers. Not all brokers are equal.

Hasib, you are in what I call the grail seeking stage of your career, we all do that. I did that when I opened my Datek account with my freshly purchased TradeStation 2000i disk and my high speed dial up AOL internet. We all start off looking for how not to lose money rather than how to make money. We all want to be right. We all start off worrying about win rate. It is all part of the evolution. A point will come when you realize that there is a trend in something almost every day, all you need to do is to be there to meet it.
If you are good at something, never do it for free--Joker
  • #117,529
  • Mar 9, 2021 5:45am Mar 9, 2021 5:45am
I took the GBPUSD trade. Currently doing well and set at BE. Will let run over night and hopefully score some Pips
  • #117,530
  • Mar 9, 2021 5:50am Mar 9, 2021 5:50am
Quoting emmanuel7788
{quote} Hi quintree WELCOME to this thread "Trading Made Simple". Being new, you have to read follow the OP Big E's posts in Forex Factory and learn EVERYTHING which he posted. The OP' last post #12,912 below: " So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. " Trading Made Simple is NOT a system. It is about how he traded his 5-Method. You need to develop you own winning trading systems that fits you. This post link "Introduction to Trading Made Simple". Follow that post and get...
Thanks for the advice.
I have read a lot of the thread from the start but not all. It's quite a read hehe
  • #117,531
  • Mar 9, 2021 11:06am Mar 9, 2021 11:06am
Inserted Video
MA provides the market's current direction and strength.
  • #117,532
  • Mar 9, 2021 4:00pm Mar 9, 2021 4:00pm
when we lose our account we should try to understand what is going wrong. how can we over come our mistakes.
Most of the time reason is we don't have good system at all. we think we have good system we talk louder than our system test, we act like an expert. But reality is we have to test our system we have to have a good system. For example I trade 30 years it don't make me good trader. some people learn forex 1 or 2 years ago now they are managing large amount of money. we should not hope. we should develop a good system for our self after that we have to back test it.
once we have good system than we should improve other things.
if we don't have good system learning other things will not work for us. I am not doing any insult to any one here. I am saying things as honestly as I can. I am reading some very questionable advice from so called experts they claim them self experts, because they wants to manage your fund or other people fund that is it. After reading their advice I have to ask myself are they really trader or not. Trust me if you ask for last 6 month myfxbook or fxblue trade results they can't give you that but they will say their system has good win rate more than 60% or more.

I hope Tekkies will improve his system and trade more efficiently.
Best of luck Tekkies
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 55 KB
MA provides the market's current direction and strength.
  • #117,533
  • Mar 9, 2021 4:31pm Mar 9, 2021 4:31pm
Quoting emmanuel7788
{quote} new traders always find themselves caught when trading the European markets sessions. Tokyo closing hour and London open hour is an overlap and we do not know if there are really buyers or sellers , or just the Tokyo traders exiting their positions. What is the solution for day traders? {image}
The solution for day traders is to buy low, sell high, and scalp. Look left. The Tokyo traders will, as you stated be getting out of positions, especially if a trend was in place during Asia, which is rare in my experience.
If you are good at something, never do it for free--Joker
  • #117,534
  • Mar 9, 2021 5:20pm Mar 9, 2021 5:20pm
Quoting quintree
{quote} Thanks for the advice. I have read a lot of the thread from the start but not all. It's quite a read hehe
Over the past 10 years, I have read and re-read Big E posts over and over again every time members asked questions here and also when I look at my trading charts and ask myself what would Big E be seeing according to his Post#647 and Post#261. Doing this repeatedly I learn and keep on learning new things everyday. I discover his 'secrets' of what is Trading Made Simple and it has little to do with the TDI and the Stochastics.

You have to read from Post#1 to Post12,912 , and at some point you will jump to his old thread and start learning his trading methods there and learn the approach he took when he developed his 5-Method. I followed the same approach when I develop my own trading systems using his 5-Method as my core trading methodology.

You would not be surprised when you read his posts and learn that you can trade his 5-Method without the TDI.

Have Fun reading and learning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,535
  • Mar 9, 2021 5:36pm Mar 9, 2021 5:36pm
Quoting hasib
when we lose our account we should try to understand what is going wrong. how can we over come our mistakes. Most of the time reason is we don't have good system at all. we think we have good system we talk louder than our system test, we act like an expert. But reality is we have to test our system we have to have a good system. For example I trade 30 years it don't make me good trader. some people learn forex 1 or 2 years ago now they are managing large amount of money. we should not hope. we should develop a good system for our self after that...
Obviously, many of us knew Tekkies was not trading TMS 5-Method the way Big E has laid out. He thinks the TDI is his Holy Grail. He blindly trade the TDI cross to cross
He removed the use of the APB/HA candles which Big E see the price action.
He removed the 5EMA Typical Price, Shift+3 which is another key component of Big E 5-Method.
He has no clue what Post#647 is all about and according to Big E, that is basic forex stuff.
He added his M15H1VLine TDI cross thinking that he can trade the reversal by catching the M15 TDI cross early before the H1 TDI cross. Trading the TDI cross to cross is a disaster, many members have learned that years ago.

I can make a summary of lessons we all learn from Tekkies' posts and trades and help members so that they will fall into the same deep failure pit.
Basically the well known three categories - the 3M's

The Method,
The Money Management and Risk Management
The Mind aka The mental fitness ... Mental Strategies

Well, let's wait and hear from Tekkies what are the lessons he learned from his most recent TE Dec 05, 2020 to Feb 28, 2021 ... 3 months.

Learning from paper trading when you have the TDI repainted on old charts is the road to disaster.

Like this below,

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies VLine crap 10-3-2021 7-29-26 am.png Size: 231 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,536
  • Mar 9, 2021 5:46pm Mar 9, 2021 5:46pm
Quoting emmanuel7788
{quote} {image} GBPUSD Mar09 H4 8:32am London session - looking nice but must wait till this H4 bar/candle close ... 1H 29M to go. - if you do not wait, then look for M15/H1 setup {image} *** PATIENCE ***

GBPUSD Mar10 Update Sydney Open

- H4 we have a breakout of the MC but did not push higher... * Weekly Trend 2/8 is sideways

- Daily will need a few more days to see if it will trend upwards and be in the buy zone of the BB(20,1)

I remain on the buyer side.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Mar10 H4 w D1 SYD Open 10-3-2021 7-41-46 am.png Size: 94 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,537
  • Mar 9, 2021 6:59pm Mar 9, 2021 6:59pm
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
transition to trading 4hr charts during the London session

Post#281 above:

When we make the transition to trade the 4hr charts, what shall we do today when London session opens?

- the 4H swing is running into its 5th candle...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar10 H4 V19 w W T2-8 10-3-2021 8-55-13 am.png Size: 82 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,538
  • Mar 10, 2021 1:14am Mar 10, 2021 1:14am
TMS Monitor Mar10 H1 Frankfurt 8am

- what do you have in day trading trade plan?

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Mar10 H1 at FO 10-3-2021 3-11-15 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,539
  • Mar 10, 2021 1:37am Mar 10, 2021 1:37am
GBPAUD Mar10 H

- looking at the current H1 price action we need to see a strong bearish H1 bar/candle to go short

- WAIT!


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Mar10 H1 at FO 10-3-2021 3-34-58 pm.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,540
  • Mar 10, 2021 1:49am Mar 10, 2021 1:49am
Quoting emmanuel7788
GBPAUD Mar10 H - looking at the current H1 price action we need to see a strong bearish H1 bar/candle to go short - WAIT! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Mar10 H1 at FO 10-3-2021 3-34-58 pm.png Size: 56 KB


GBPNZD Mar10 H1 at FO

- comparing the GBPAUD above post and this,

- what do you see in the price action?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Mar10 H1 price action at FO 10-3-2021 3-47-03 pm.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
37 traders viewing now