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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

  • #118,661
  • May 11, 2021 9:28am May 11, 2021 9:28am
Another 3R. enough is enough for the day.
Today I have overtrade. get good return also.

I think we should not over trade we should have trade limit for each day.
some trader suggest when your winning, trade more or risk more. when your losing, trade less or risk less.
But I think having a limit is good for emotional capital. if we lose our emotional capital we may make unnecessary mistake.
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MA provides the market's current direction and strength.
  • #118,662
  • May 11, 2021 9:34am May 11, 2021 9:34am
probably market will try to reduce this gap.

Stock index when it fall it fall sharply it is very interesting.
stock index has very different personality than currency pair.
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MA provides the market's current direction and strength.
  • #118,663
  • May 11, 2021 9:56am May 11, 2021 9:56am
Quoting DrDave
{quote} We're still in the W2 up swing (rally). So the H1 and smaller TFs will have a LOT of cycling up-and-down as they move the higher TFs to completing the W2 rally. Best results are achieved when you determine which TF holds the swing that you want to trade and it's relationship to the W2 and all TFs between those two.
Yes the price can continue up

My analysis started with H4 as a divergence forming. Decision made when price approached previous high.

thanks for sharing your thought
  • #118,664
  • May 11, 2021 9:56am May 11, 2021 9:56am
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...

Brother that file you have attached to your post. I downloaded it and it doesn't apply anything to my chart.
  • #118,665
  • May 11, 2021 10:15am May 11, 2021 10:15am
Where do I get all these indicators and the settings.
  • #118,666
  • May 11, 2021 10:20am May 11, 2021 10:20am
Quoting Cjvtrading
{quote} Brother that file you have attached to your post. I downloaded it and it doesn't apply anything to my chart.
Hello there,

post #25 on page 2 has the MT4 templates as well as the indicators. Download all of them and place the indicators to the MQL4 indi folder and may help
  • #118,667
  • May 11, 2021 10:32am May 11, 2021 10:32am
Treasure the crypto hype and USD weakness

ETHUSD aggressive TMS TDI bounce entry. Time to move SL to BE.

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  • #118,668
  • May 11, 2021 1:42pm May 11, 2021 1:42pm
Quoting Tekkies
{quote} Stop trading yahya11. You post is one of desperation and a desperate person can not trade. The need to make money will make you take risk that a account can not handle. Please change the way you think about Forex trading. It is a long and painfull journey to become profitable and it won't happen inside a year or two. You still insist to trade do the following if you have not done it already after almost trading a year. > Find a broker that is regulated > Open or reduce leverage to as low as you can go. Leverage of 100:1 is reasonable. >...
You are sucha nice man , you really help me i am going to read all this pdf that you mention and tell me one thing also what is the disadvantage of high leverage my broker give 1:3000 leverage and also tell me regulated broker
  • #118,669
  • May 11, 2021 3:02pm May 11, 2021 3:02pm
Quoting hasib
probably market will try to reduce this gap. Stock index when it fall it fall sharply it is very interesting. stock index has very different personality than currency pair. {image}
the next 20 and 50 days would be important to watch to see the top-30 performance and US 2Q.GDP
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,670
  • May 11, 2021 3:23pm May 11, 2021 3:23pm
Quoting yahya11
Hi emmanuel7788, hasib and other guys, i am new forex trader and in during last few months i lost so much because i dont have any strategy, now i want to learn and you guys help me and pleas tell which system is best , can i become successful trading with this method (Trade made simple) or something else please help, the all money was borrowed now i have to return him. And in this pandemic i lost my job i was working in a private compny. Now forex is all for me but i dont have any winnig system you guys please tell which one is best and which one...
hi yahya11

Top priority is to look for another job and receive a regular salary. I know many people lost their jobs due to the pandemic affecting all industries.
I have a family friend who lost his job as a commercial cargo pilot working in UK and Europe. He has return to NZ and found a job as long haul truck driver.
You may have to consider jobs in other industries which you may not require your qualifications and experience, and lower your salary expectations. A job that will help you pay bills and living expenses is top most priority.

Learning to trade will take more time. You already have some help from member Nala66. Consider to continue and learn from him and let him be your guide and mentor.

Trading Made Simple is not easy for people with little trading experience. The 5-Method by the OP eelfranz may sound simple but I know very few people actually made money in the last 10 years.
The OP did mention in one of his early posts that learning to trade is a lifetime process and I agree with him. (Post#296).

If you want to develop your own winning trading systems, this will require a lot of effort and commitment on your part. You will need a coach and mentor for this and you will not find in this thread.

Of course you can join us in trading discussions here and see how we can help you learn Big E original TMS 5-Method.

New traders coming to this thread have three(3) Options:


Option #1: Go to this post link, read and follow that post. The TMS history is all here.

https://www.forexfactory.com/thread/...3#post13295143


Option #2:
You don't have to read 5934 pages (118,670 posts)
Just two pdf files compiled by older members here will be a good start.
download and read those two pdfs files.

simply click to download:

Best of Big E - Part 1

Best of Big E - Part 2


Option #3:
For those with some years of trading experience trading with indicators, this option may be better.

Click and read One, Two and Three

TMS being the 5-Method is a technical trading methodology therefore you need to add your own Money Management and make it your own system. Your trading psychology is another subject matter not talked about much.

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
  • #118,671
  • May 11, 2021 3:30pm May 11, 2021 3:30pm
Quoting mistdraw28
{quote} Thank Bro ! I decided to Entry EU at that time was a bit of a hurry
Today I took 3 trades based on the 4hr see Post#118,645
Just pick one from each of the 6 groups. Trade only the best setups. No best setups, no trade. Preserve trading capital and Do not overtrade.

EurUsd, EurJpy and EurCad, all H1 trades and based on the 4hr H4 candle close.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,672
  • May 11, 2021 3:38pm May 11, 2021 3:38pm
Find YOUR style and concept, take the indicators for your needs and test it. Don't take random indicators without a concept and mess up your chart. You fail because you have no concept.

Today I read this, After reading the sentence, I just realize I have to think differently.
TMS work for BigE because it has certain concept that I don't have. TMS will not work for so many people here because they are missing the concept. A stupid looking system works for certain people may not works for others it is the reality of manual trading.

when people say understand the price, we think we have to understand HA or candlesticks pattern. Do you know there are some people they don't watch technical chart yet they are trading profitably. They understand price.

As a technical trader we know price, time, and momentum operates our trading decision. How many of us really understand price, time and momentum. we switch time frame to time frame market to market, indicator to indicator, strategy to strategy. Are we really understanding price, time, momentum and risk.

Some people say I use my intuitions to filter out bad trade, They are saying this because they don't give their experience a name and level.
MA provides the market's current direction and strength.
  • #118,673
  • May 11, 2021 3:42pm May 11, 2021 3:42pm
Quoting Cjvtrading
{quote} Brother that file you have attached to your post. I downloaded it and it doesn't apply anything to my chart.
Quoting Cjvtrading
Where do I get all these indicators and the settings.

*** The OP passed away in Oct 2012. His last post#12,912 was Oct 2011.

Indicators:

TDI Red Green { click } to download.

Synergy APB { click } to download.

Stochastic Slope { click } to download.

OP' template {click } to download

How good are you in using MT4?

Post a chart and we can discuss trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,674
  • May 11, 2021 3:50pm May 11, 2021 3:50pm
Quoting hasib
Find YOUR style and concept, take the indicators for your needs and test it. Don't take random indicators without a concept and mess up your chart. You fail because you have no concept. Today I read this, After reading the sentence, I just realize I have to think differently. TMS work for BigE because it has certain concept that I don't have. TMS will not work for so many people here because they are missing the concept. A stupid looking system works for certain people may not works for others it is the reality of manual trading. when people say...


when I started trading the stock markets in mid 80s I trade EOD line chart ... for 10 years.
no Japanese candlestick, no price bar, ...

plain and simple line chart like this, break high with volume buy.



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,675
  • Edited 5:37pm May 11, 2021 4:09pm | Edited 5:37pm
Quoting yahya11
Hi emmanuel7788, hasib and other guys, i am new forex trader and in during last few months i lost so much because i dont have any strategy, now i want to learn and you guys help me and pleas tell which system is best , can i become successful trading with this method (Trade made simple) or something else please help, the all money was borrowed now i have to return him. And in this pandemic i lost my job i was working in a private compny. Now forex is all for me but i dont have any winnig system you guys please tell which one is best and which one...
Hi yahya11.

I want to tell you

1. 1st stop live trading. Don't open live trading account until you triple your demo account balance with low acceptable DD (DD could be 5 to 10%)
2. Develop your trading concept, are you trend trader, are you reversal trader or are are you momentum trader, every methods has their weakness know them and decide yourself.
3. pick one instrument for learning, don't trade many instrument. if you trade gold trade gold if you trade stock index trade stock index. if you like to trade currency pair trade only currency pair. Because every trading instrument has their own personality.
4. Develop a risk management plan in excel.
5. Now come to trading system, Back test many system with your trading concept in mind. once you see your system has positive expectancy you can implement it.
System development is continues process. as you grow more you will see you don't need that much indicator. you are trading almost in the same way with every system you trade. just choose a comfortable system. There is no holy grail. Infect most of the manual trading system don't work in auto trading.
6. o one more thing you should decide are you going to do manual trading or Algo trading, two are different world. if you like to do algo trading learn programing language C#, C++, python, MQL. learning any of this will give you extra advantage.

Don't get too happy watching modern super optimized indicator, Too much optimizations looks good in history but don't work in real conditions. There are so many good Coders in different forum Truth is few of them are trader.
MA provides the market's current direction and strength.
  • #118,676
  • May 11, 2021 6:26pm May 11, 2021 6:26pm
GBPUSD H4 May12 SYD 9am

- I am not going to trade this crap no matter what the TDI green line does and the divergence thingy.

- use my trading capital for better trades and trading hours

- come back to the next 4hr new candle

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,677
  • May 11, 2021 7:22pm May 11, 2021 7:22pm
Quoting Tekkies
Could not help to notes this peace of misinformation: Post 118,625 ////

Post#6.... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

MISINFORMATION

"Post#6.... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal."

Post#6 in full below: is for conservative traders
Entries and exits...

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy.

Important to study TDI entries on old charts, any time frame... Give yourself a chance and trade it like it's layed out...


then the CONFUSION in Post#7612

WHEN TO EXIT -----------------

OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.

However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally.

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Read every thing thoroughly and piece together the big puzzle.
Learn EVERYTHING. Avoid the #463# LIMITATIONS
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,678
  • May 11, 2021 7:31pm May 11, 2021 7:31pm
Quoting eelfranz
Oyapoke... (704) At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it was the set up candle. I would enter the trade at the beginning of the next candle if it was the same color.... and that still works... this is more conservative... I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using the TDI candle #1 or 2 for entries. I left it on my chart because I like to see how PA interacts with the 5ema line during the trade. Gives me a better feel for what's going...

Big E became more aggressive in his Entries

At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it was the set up candle. I would enter the trade at the beginning of the next candle if it was the same color.... and that still works... this is more conservative...

I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using the TDI candle #1 or 2 for entries.

I left it on my chart because I like to see how PA interacts with the 5ema line during the trade. Gives me a better feel for what's going on... that's mainly the reason...

so the conclusion is with his 'more aggressive' entries, he has his conservative exits. Post#7612

Question you need to ask yourself,

Do you want to trade AGGRESSIVE entries and AGGRESSIVE exits?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,679
  • May 11, 2021 7:35pm May 11, 2021 7:35pm
Quoting eelfranz
Alright all you party animals trying to recover from last night... or longer... Last couple of pages has covered many different topics... well, touched base anyway.... 2scoops... on post 2594... 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...

and what about when you want to trade without the TDI?

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...

There is a handful who trade it correctly here who are rewarded nicely...

What shall you use for entries and exits?

I have solved this puzzle. Taking clean trades is now a breeze for me too. Have you solve the puzzle?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,680
  • May 11, 2021 7:35pm May 11, 2021 7:35pm
Quoting tommydoginti
Treasure the crypto hype and USD weakness ETHUSD aggressive TMS TDI bounce entry. Time to move SL to BE. {image}
Result. Textbook HHHL. Beautiful uptrend all the way to TP.

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