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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #118,561
  • May 10, 2021 2:07am May 10, 2021 2:07am
EU May 10 H1 BUOB at London 10am Big E 2AM PDT

-

Attached Image (click to enlarge)
Click to Enlarge Name: EU May10 LDN 10AM NY5AM PDT 2AM 10-5-2021 5-05-22 pm.png Size: 89 KB


H1 chart

Attached Image (click to enlarge)
Click to Enlarge Name: EU May10 H1 LO3 cross BUOB 10-5-2021 5-04-38 pm.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,562
  • May 10, 2021 2:10am May 10, 2021 2:10am
Quoting emmanuel7788
{quote} No need to wonder. You trade M15 with a different TDI version. H1 TDI#25 has not cross yet. {image}
I can confirm the TDI cross happened. Whether a trader would enter is up to his/her own discretion.

I see you are looking at the wrong TimeFrame, which is H1. While the analysis by the poster is M15.

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  • #118,563
  • May 10, 2021 2:12am May 10, 2021 2:12am
Quoting emmanuel7788
EU May 10 H1 BUOB at London 10am Big E 2AM PDT - {image} H1 chart {image}

Is the setting to go long with the EU in the candle in your picture posted okay EMM? All time frames from the week support buying.
  • #118,564
  • May 10, 2021 2:13am May 10, 2021 2:13am
Quoting Tekkies
{quote} It makes you wonder. {image}
GBPUSD May10 H1 LO trades

hey Tekkies

It makes you wonder how to I get TP1 10pips TP2 25pips and TP3 35 pips... use easy use an EA THV CaveManager.

Now I let the market decide my TP4.


Attached Image (click to enlarge)
Click to Enlarge Name: GU May10 H1 LO trades TP1 2 3 10-5-2021 5-09-46 pm.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,565
  • May 10, 2021 2:17am May 10, 2021 2:17am
Quoting tommydoginti
{quote} I can confirm the TDI cross happened. Whether a trader would enter is up to his/her own discretion. I see you are looking at the wrong TimeFrame, which is H1. While the analysis by the poster is M15. {image}

but you know that Tekkies try to trade M15 and H1 TDI VLine cross in the same candle and that never happened when using the TDI#25.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,566
  • Edited 2:35am May 10, 2021 2:18am | Edited 2:35am
Quoting emmanuel7788
{quote} GBPUSD May10 H1 LO trades hey Tekkies It makes you wonder how to I get TP1 10pips TP2 25pips and TP3 35 pips... use easy use an EA THV CaveManager. Now I let the market decide my TP4. {image}
Nice trade.

*Edit. I may have to take my word back. Your chart showed SL 50pips and you shared a lot of time SL at 2 bars low. That means your actual RR is <1. That is not very good.

You only post your trade after SL to BE. Evidently your RR was <1 and only share after starting to TP.

but it is a TMS trade. At least you are on the right track.

keep on good work
  • #118,567
  • May 10, 2021 2:20am May 10, 2021 2:20am
Quoting mistdraw28
{quote} Is the setting to go long with the EU in the candle in your picture posted okay EMM? All time frames from the week support buying.

tricky one! but if you Follow H4 then H1 Price Action , most of the time you'll get it right.

but smart money will beat us retail traders.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD May10 H1 pipware 10-5-2021 5-18-51 pm.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,568
  • May 10, 2021 2:51am May 10, 2021 2:51am
Quoting tommydoginti
{quote} Glad you have realised that “making 918 pips is better than 10 pips” is not the correct description. you learn fast in just 1 day. Bravo you said {quote}
Tommy, you not going to win any debate with Emmanuel.

Emmanuel had euphoric when he posted this:
Attached Image

a Few post's later: "Answer: newbie traders who are ignorant and naive what is trading system performance and look at a single trade floating profits and get euphoric "
Who is the really the newbie?

"I am sure he does not use this out-dated TDI thingy."
Attached Image
Almost every chart he post has the "TDI thingy". Wonder why?

"enjoy your night time at your beach"
Jump to conclusions to just to insult, humiliate you. (Is that you on the beach?) Does Emmanuel expect you much stop swimming, run home so that the photo and time of day posted is the same?

"For those who missed my TE2018.... TMS EVO.... here is the link again."
Where is Emmanuel's current live running TE linked to what he is posting now?

"I am sure all of you notice his ETH post and his trade entry did not have any Stop Loss." "he only post after the market moved in his favour...".
Can he show you any Stop Loss placed on the chart's he posted?
-----
Stop responding to Emmanuel posts Tommy. You are only wasting your own time and they are not worthy of your effort.

You are showing readers that TDI with forex basic (BigE's posts) does work and Emmanuel won't allow you to post in peace.
  • #118,569
  • May 10, 2021 3:06am May 10, 2021 3:06am
Quoting emmanuel7788
{quote} GBPUSD May10 H1 LO trades hey Tekkies It makes you wonder how to I get TP1 10pips TP2 25pips and TP3 35 pips... use easy use an EA THV CaveManager. Now I let the market decide my TP4. {image}
Like I said to Tommy it is not worthwhile to respond to any of your post's.

"It makes you wonder how to I get TP1 10pips TP2 25pips and TP3 35 pips... "

No need to wonder Emmanuel, you gave the answer already in a previous post:
"newbie traders who are ignorant and naive what is trading system performance and look at a single trade floating profits and get euphoric "
  • #118,570
  • May 10, 2021 3:29am May 10, 2021 3:29am
Quoting Tekkies
{quote} Like I said to Tommy it is not worthwhile to respond to any of your post's. "It makes you wonder how to I get TP1 10pips TP2 25pips and TP3 35 pips... " No need to wonder Emmanuel, you gave the answer already in a previous post: "newbie traders who are ignorant and naive what is trading system performance and look at a single trade floating profits and get euphoric "
Hi Tekkis,

He is a confused trader full of hate and exact revenge to other traders. We are in the thread of Trading System, not Trading Competition. I hope the reason is not because of losing a lot of money due to TMS system just like 2Scoop. If that is the case, I would suggest him to simply leave this thread or forum.

Let's get back to why I edited #118567.

A SL value shown on chart said "50 pips". From the chart the usual "2-bar H/L SL" was about 40 pips away. Let's go easy and say the initial SL was 30 pips.

As seen in post #118444/5, TP1 (10pips) is 60%, TP2 (25pips) is 20% and TP3 (35pips) is 15%, and the rest of 5% let it run. That is part of the trade closing along TPs.

The R:R is calculated by the risk for the trade and the profit. Simply use 30pip as initial SL (hope not too underestimated)
For first 60%, R:R is 0.33
For the 20% at 25pips, R:R is 0.833
For the 15% at 35 pips, R:R is 1.167

The actual R:R for the 95% of the trade is roughly 0.5395. That is quite a distance from 1:1 R:R.

To ensure the whole trade is 1:1 RR or higher, the last 5% must be closed at 9.74RR, which is about 293 pips, which in this case is way over 1.424. GU needs to get back to April 18' high. If the SL was 2-bar low then the 1:1 RR target is... unimaginable.

To simplify, in $ for every lot in GU using USD$ accounts

Risk: $300 (30pips), $500 (50pips)
Profit: TP1: $60, TP2: $50, TP3: $52.5. TP4 open.

To justify a >1RR for the first 95% of the trade, given all 3 TP hit without issue.
SL should be 17 pips or smaller, which is also feasible depending on strategies.
Or the proportion close for each TP adjusted.

Just mathematics and exchange of knowledge.
  • #118,571
  • May 10, 2021 3:52am May 10, 2021 3:52am
Hello Everyone, please where can I get the indicators, temp and instructions on the system you guys are trading? I am new.
  • #118,572
  • May 10, 2021 4:06am May 10, 2021 4:06am
Quoting jayfxtrading
Hello Everyone, please where can I get the indicators, temp and instructions on the system you guys are trading? I am new.
Hey jayfxtrading.

I see in your profile you are from South Africa. Do you know X-Man?
X_Man' TMS H1 and H4 thread link is here:
https://www.forexfactory.com/thread/...-simple-system
I learn a lot of H1 and H4 price action trading from him. Price Action is king when you want to trade H1 and H4.

there is no system in this thread.

the OP died after his last post in Oct 2011.

If you want to follow the trading journey of the OP in Forex factory and get to know him, his lifestyle and his trading methods, then follow this summary below:

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
  • #118,573
  • May 10, 2021 4:10am May 10, 2021 4:10am
Quoting tommydoginti
{quote} Hi Tekkis, He is a confused trader full of hate and exact revenge to other traders. We are in the thread of Trading System, not Trading Competition. I hope the reason is not because of losing a lot of money due to TMS system just like 2Scoop. If that is the case, I would suggest him to simply leave this thread or forum. Let's get back to why I edited #118567. A SL value shown on chart said "50 pips". From the chart the usual "2-bar H/L SL" was about 40 pips away. Let's go easy and say the initial SL was 30 pips. As seen in post #118444/5,...
Keep it simple Tommy.
> Did the trade ended in profit?
< Yes.
>Good.
< What did you do right?
> By following my method's rules.

> Did the trade ended in profit?
< NO..
< What did you do wrong?
> Did not following my method's rules.

No matter how good you are at working out R:R, you don't follow the rules like BigE laid it out, no R;R is going to save your account.
  • #118,574
  • May 10, 2021 4:10am May 10, 2021 4:10am
Quoting Tekkies
{quote} Like I said to Tommy it is not worthwhile to respond to any of your post's. "It makes you wonder how to I get TP1 10pips TP2 25pips and TP3 35 pips... " No need to wonder Emmanuel, you gave the answer already in a previous post: "newbie traders who are ignorant and naive what is trading system performance and look at a single trade floating profits and get euphoric "

hey Tekkies

Good try. But again WRONG answer.

Until you know what a system strategy is, you can continue to wonder every day the day-trading strategy using multi-lot trading to improve TMS which is the development of TMS-II in 2013.

Read all Big E post again. He gave many tips on his system strategy.

Good luck in your TI M15H1 VLine trading. You will need lots of luck 99.999% luck in getting the TDI M15 and TDI H1 to cross in the same candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,575
  • May 10, 2021 4:12am May 10, 2021 4:12am
Quoting jayfxtrading
Hello Everyone, please where can I get the indicators, temp and instructions on the system you guys are trading? I am new.
Start reading from Post#1, you will find indicators somewhere down the line.
  • #118,576
  • May 10, 2021 4:14am May 10, 2021 4:14am
Thank you so much for getting back to me and providing me with such overwhelming information. Yes I'm from South Africa but I don't know about X-Man. I have my work cut out for me so let me get to it. Thank you again for responding and the information provided.


Quoting emmanuel7788
{quote} Hey jayfxtrading. I see in your profile you are from South Africa. Do you know X-Man? X_Man' TMS H1 and H4 thread link is here: https://www.forexfactory.com/thread/...-simple-system I learn a lot of H1 and H4 price action trading from him. Price Action is king when you want to trade H1 and H4. there is no system in this thread. the OP died after his last post in Oct 2011. If you want to follow the trading journey of the OP in Forex factory and get to know him, his lifestyle and his trading methods, then follow...
  • #118,577
  • May 10, 2021 4:16am May 10, 2021 4:16am
Quoting Tekkies
{quote} Keep it simple Tommy. > Did the trade ended in profit? < Yes. >Good. < What did you do right? > By following my method's rules. > Did the trade ended in profit? < NO.. < What did you do wrong? > Did not following my method's rules. No matter how good you are at working out R:R, you don't follow the rules like BigE laid it out, no R;R is going to save your account.

hey Tekkies

LOL. You are trying to teach @tommydogie.
He is a smart young man. His father was a IT professional and retired 2 years ago. His father is now 62 years old and he trades HSI for his retirement expenses.
Reading his posts in post I see evidence he has good genes from his father.

He knew very early that the TDI is not Holy Grail and he tries to take trades after evaluating PA.
You on the opposite end, still think the TDI is holy grail and you failed miserably understanding in Post#647. Maybe blame it on your bad genes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,578
  • May 10, 2021 4:23am May 10, 2021 4:23am
Quoting Tekkies
{quote} Keep it simple Tommy. > Did the trade ended in profit? < Yes. >Good. < What did you do right? > By following my method's rules. > Did the trade ended in profit? < NO.. < What did you do wrong? > Did not following my method's rules. No matter how good you are at working out R:R, you don't follow the rules like BigE laid it out, no R;R is going to save your account.
No worried mate, I am not the one using the EA that yields 0.5RR or lower. That is the least effective trading style I can imagine.

trade well.
  • #118,579
  • May 10, 2021 4:23am May 10, 2021 4:23am
Quoting jayfxtrading
Thank you so much for getting back to me and providing me with such overwhelming information. Yes I'm from South Africa but I don't know about X-Man. I have my work cut out for me so let me get to it. Thank you again for responding and the information provided. {quote}

You are welcome. I am here to help everyone who ask.
Too many people have lost money since the time the OP started his old thread and again in this new thread.
The problem is not the OP but the individual who wants to learn and become a trader.

When you feel overwhelmed by the large amount of information, take a break and take your own time to learn.

The Op made one very important post here is FF.

Post#296:
"
Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live.

Learn to tweek your strategy to stay up with changing market conditions. If your mentally burned out, take a week off.

Take your time to learn how to trade. Newbies want to trade live right off the bat... and I thank you for all those pips you paid for... that I get to keep. Take the time to enjoy the learning experience. There is no hurry... only in your mind.
...
"

I follow his advice and took my time.
If you spend 3 to 5 hours every day for 2 to 3 years, you will likely to catch up with me and reach the same level of the OP Post#2617.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,580
  • May 10, 2021 4:29am May 10, 2021 4:29am
Quoting tommydoginti
{quote} No worried mate, I am not the one using the EA that yields 0.5RR or lower. That is the least effective trading style I can imagine. trade well.

hey @tommydogie

Good try. But again WRONG answer.

EAs don't yield 0.5RR. EAs is not required if you want to achieve 0.5RR.
It is the system strategy that will yield positive Expectancy. In fact EAs has nothing to do with RR. There are lot of other things to consider when you want to achieve positive Expectancy.

Until you know what my system strategy is, you can continue to wonder every day the day-trading strategy using multi-lot trading to improve TMS which is the development of TMS-II in 2013.

Read all Big E posts again. He gave many tips on his system strategy. Capital Protection shared by Big E is very important even though he was very good at picking only the best setups to trade.

Good luck in your TDI and MACD mutant indicator trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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