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Trading Made Simple

  • #118,881
  • May 16, 2021 2:06pm May 16, 2021 2:06pm
I am playing around dozens of strategies. This has been me for the past 3 years and even though I am profitable here and there I still am not confident of any of those strategies. So with this post I promise to commit to TMS which was my first discoveries on this thread.
I will study the thread and hop on a demo for real this time. I am really sick of being a dumbass failed trader.

If people reading this are wondering what the hell I have been doing:
I changed strategies like clothes
I tried to create pointless EA
I even learnt to code for a few months
I am profitable but very irregular
My discipline is scattered

So now I am committing myself into TMS. Feels good to be back guys !!!
I will try to stay positive
strip things naked
  • #118,882
  • May 16, 2021 2:37pm May 16, 2021 2:37pm
Quoting anjanbabu
I am playing around dozens of strategies. This has been me for the past 3 years and even though I am profitable here and there I still am not confident of any of those strategies. So with this post I promise to commit to TMS which was my first discoveries on this thread. I will study the thread and hop on a demo for real this time. I am really sick of being a dumbass failed trader. If people reading this are wondering what the hell I have been doing: I changed strategies like clothes I tried to create pointless EA I even learnt to code for a few...
What is your understanding TMS?
  • #118,883
  • May 16, 2021 3:17pm May 16, 2021 3:17pm
Quoting Tekkies
{quote} What is your understanding TMS?
Apart from the technical details TMS is keeping it simple as your signature says.
I will try to trade as a relaxation sport there are several opportunities.
strip things naked
  • #118,884
  • May 16, 2021 3:50pm May 16, 2021 3:50pm
Good morning Folks!

It's 6:45AM Sydney and the New York Sunday open will happen in 15 mins

Looks like it is back to "Verbal diarrhea matches trading skills?..." again.

If you have not been to this thread "Verbal diarrhea matches trading skills?..."
here is the link:
https://www.forexfactory.com/thread/...trading-skills

It is going to be another fun week here in Trading Made Simple thread.... trading and making money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,885
  • May 16, 2021 3:54pm May 16, 2021 3:54pm
Quoting Tekkies
{quote} What is your understanding TMS?
hey @Tekkies

Good question to be asking others.

But can you answer your own question asked and tell us "What is your understanding TMS?"

I know Trading Made Simple is this thread' title and this thread history give me a complete understanding of this thread.

Let's hear from you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,886
  • Edited 4:21pm May 16, 2021 3:56pm | Edited 4:21pm
I decided I will post some of the good post written by senior traders in FF. So that me and others can learn form that. if you are interested you can do the same we all can learn.


X-man post
https://www.forexfactory.com/thread/...9#post11008499
https://www.forexfactory.com/thread/...12#post8437512
MA provides the market's current direction and strength.
  • #118,887
  • May 16, 2021 4:00pm May 16, 2021 4:00pm
Quoting anjanbabu
I am playing around dozens of strategies. This has been me for the past 3 years and even though I am profitable here and there I still am not confident of any of those strategies. So with this post I promise to commit to TMS which was my first discoveries on this thread. I will study the thread and hop on a demo for real this time. I am really sick of being a dumbass failed trader. If people reading this are wondering what the hell I have been doing: I changed strategies like clothes I tried to create pointless EA I even learnt to code for a few...

hey anjanbabu

Welcome to Trading Made Simple.

Very good to know you decided to commit yourself now. This is a good start.

You mentioned 'discipline is scattered' and obviously you know the importance of trading discipline that will enable you to succeed.

I look forward to your active participation in this thread which I am sure it will also help other members.

Trade Well. Trade Safe. Stay Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,888
  • May 16, 2021 4:25pm May 16, 2021 4:25pm
Quoting Tekkies
{quote} No mistake Emmanuel, that is what is posted in post#25 and that is how I reposted that information. You are the one at fault everyday because you ignore BigE's explicit request not to post about EA's and other stuff. How many newbie mistakes is that on a daily base? All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why... Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.

hey @Tekkies

You must be confused again. The topic is about the 5-Method' 5EMA .

Big E made many posts about the 5EMA and below are 7 of his posts.

So let's focus on the topic and not mix with other stuff you divert attention to. You need to read and tests all the stuff posted by Big E before you trade live and demo money. One of many reason for your losses in the past 5 years has been your mistakes made with the 5-Method and what Trading Made Simple thread is about.

=================================================================
its' another of your newbie mistake

It is 5EMA ... Exponential Moving Average, Typical Price, Shift+2 or +3

Bi E's many posts on 5EMA not 5SMA

https://www.forexfactory.com/thread/...60#post4746960

https://www.forexfactory.com/thread/...52#post4586552

https://www.forexfactory.com/thread/...48#post4582948


https://www.forexfactory.com/thread/...81#post4546281

https://www.forexfactory.com/thread/...05#post4224805

https://www.forexfactory.com/thread/...86#post4157886

https://www.forexfactory.com/thread/...89#post4117089

And when you use the 5EMA, it can also be bonus when you look for best setups.

bonus means the TDI' RSI green price line slope and the 5EMA also show a slope like the TDI RSi price green line.

Post#1718
https://www.forexfactory.com/thread/...52#post4601752
=========================================================================
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,889
  • Edited 4:47pm May 16, 2021 4:36pm | Edited 4:47pm
Quoting Tekkies
{quote} Please make an effort to post a update image.
Well, we shall see how you will recover the 81% Drawdown and if you can do that within the 3,000 trades.

Drawdowns


81% Drawdown is near impossible to recover in next 32 weeks...

according to this Money Management Report, you will need to achieve above +300%.

https://www.forexfactory.com/thread/...44#post8799544

of course you can continue and top up that 2018 trading account and make it look pretty.



-----------------------------------------------------------------------------

Quoting Tekkies
{quote} ... EDIT: Where is your TE?
TE is a product of Forex Factory so my TE can only be in Forex Factory.

But if you want to follow my trades live, then I can add you to my FxBlue whitelist. But you need to tell me which TMS version/variant you want to trade live.

TMS, TMS-II, TME_MEME, TME_EVO, TMS_EVO_IX?

-------------------------------------------------------------------------------
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,890
  • May 16, 2021 4:56pm May 16, 2021 4:56pm
Quoting emmanuel7788
{quote} Well, we shall see how you will recover the 81% Drawdown and if you can do that within the 3,000 trades. Drawdowns 81% Drawdown is near impossible to recover in next 32 weeks... according to this Money Management Report, you will need to achieve above +300%. https://www.forexfactory.com/thread/...44#post8799544 of course you can continue and top up that 2018 trading account...
teach us how to tackle and how early we should hedge to counter the DD,thanks big EMM
  • #118,891
  • May 16, 2021 5:25pm May 16, 2021 5:25pm
Quoting heifetz77
{quote} Yes you re right. Agree with you for fast learning yes... but just for that... These are still foundation and valid rules for this forum right? Post#6 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... #49 HA candles average a 3-8 candle run in most cases when it reverses... That's why I want to enter on candle 1 or 2...
What method are we discussing in this Trading Made Simple thread?

You are partly right! But I know the entire history of Big E trading journey in Forex Factory.

But if this thread is for his 5-Method, then the foundation must be in Big E' old thread and in that old thread title "Craig Harris Stochastics Method" was several other systems/methods which Big E shared and discussed. He only moved the 5-Method discussion to this new thread because in the Commercial forum he did not get a lot of traffic.

In some of his posts below, he did mention you do not need the TDI to trade his 5-Method.

Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
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...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,892
  • May 16, 2021 5:37pm May 16, 2021 5:37pm
Quoting T4Trade
{quote} teach us how to tackle and how early we should hedge to counter the DD,thanks big EMM

most important thing in Trading Made Simple is we do no use hedging and hedging will not counter any DD.

this is the problem with Tekkies when he often open buy and sell positions at the same time when he became desperate seeing his trading account in 75% drawdowns.

example:
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Overview buy and sell 27-4-2021 3-05-58 am.png Size: 111 KB

the next thing is Tekkies adding to losing positions when his account was already in drawdown and the market went against his positions, and this blew his account many times in the last 5 months Dec 2020 to April 2021.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies Apr30 EU sells add to losers 30-4-2021 7-58-57 pm.png Size: 113 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,893
  • May 16, 2021 5:46pm May 16, 2021 5:46pm
Quoting T4Trade
{quote} teach us how to tackle and how early we should hedge to counter the DD,thanks big EMM
I have shared many things in this thread since 2012.

One most important thing is keep your losses / drawdown to 10% every 20-trading days.

When you have trades in floating losses, keep track of your account balance and equity. Once the DD reaches 10%, Cut-Losses-Short and start your system's recovery plan.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,894
  • May 16, 2021 7:05pm May 16, 2021 7:05pm
Quoting emmanuel7788
{quote} What method are we discussing in this Trading Made Simple thread? You are partly right! But I know the entire history of Big E trading journey in Forex Factory. But if this thread is for his 5-Method, then the foundation must be in Big E' old thread and in that old thread title "Craig Harris Stochastics Method" was several other systems/methods which Big E shared and discussed. He only moved the 5-Method discussion to this new thread because in the Commercial forum he did not get a lot of traffic. In some of his posts below, he did mention...
Very good information and quotes. Thanks for taking your time and answering. I think it may be time to get ahead of the little things that have gone wrong since the beginning of the forum to make progress. Big E showed in a one chart (every cross) all the signals. He gave to people for the understand. People thought every cross worked. And they were so loaded with Tdi. They gave up all other factors. Because just looking TDI is super easy. They thought everbody can do it. This largely prevented the system from working.
Now let's get to the real question. This forum dates back ten years. Did one person really follow all the right rules?
And take the notes about win ratio? (op has arround 80%)
I think it can not possibile talk about real risk reward ratio. Because of the system rules. (tdi entry tdi exit, not-so-obvious stoploss, exit from trade on his own initiative (20-25 pips retracements) Very variable. I think That is why system has to use fixed lot. Not account percentage for per trade like 1-2%. Op was used 1 lot on a 10k accout if i m not wrong? Also one whip saw can ruin all the profits. What can be done about this? I think that's the biggest missing part in this system. This system users any idea about that? Before using this system. These are very important questions for me can anybody answer that?
I took your time, thank you.
  • #118,895
  • May 16, 2021 7:09pm May 16, 2021 7:09pm
Quoting emmanuel7788
{quote} XAUUSD H1 review: using 50EMA and 200EMA as dynamic support and resistance can also help us look for trade setups on H1. when May 12 pulled back, we look for support to look for buy setups - two good setups 5bars swing low at 200EMA and 5EMA - and Previous Price Action PPA on Daily. {image} {image} next week trading May 17 to 21: Buy Bias but beware of majors market and world events which can cause intra-week corrections.

XAUUSD May17 D1 chart

- open buy#1 1846.76

- now I wait for today close and will make further trade decision

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD May17 D1 open buy 17-5-2021 8-03-13 am.png Size: 93 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,896
  • May 16, 2021 10:02pm May 16, 2021 10:02pm
Quoting heifetz77
{quote} Very good information and quotes. Thanks for taking your time and answering. I think it may be time to get ahead of the little things that have gone wrong since the beginning of the forum to make progress. Big E showed in a one chart (every cross) all the signals. He gave to people for the understand. People thought every cross worked. And they were so loaded with Tdi. They gave up all other factors. Because just looking TDI is super easy. They thought everbody can do it. This largely prevented the system from working. Now let's get to the...
Hi Heifetz,

Yes the TMS system is not fully explained, and mainly focused on Entry (not even exit in detail as there are a few different descriptions). The PA analysis part is not explained well too.

So my approach is follow the general rules of BigE.

1. TDI is the heart of the system (note: when TDI is crossing in good angle, HA candle is more often than not changing colour and price crossing 5ema)
2. TDI cross is momentum pickup at COUNTERTREND, bounce is CONTINUATION. Both can be used to trade reversal and trend following approaches
3. Single Entry/ Single Exit. RR >1. (My difference is I move SL to BE when price moves a certain distance, and using fixed SLTP most of the time. One future improvement is change to scaling time in market to match BigE, which I observe possible improvement in performance)
4. PA analysis, consider BigE’s advice (Trend, Recent high/low, etc) then you develop your own PA system to support TDI confirmation
5. NEVER, use EAs, the few EAs shared here are not adding value to the TMS, such as <1RR as result of trade management. They can be useful in other strategies but not TMS.
6. BigE used 1 lot for each trade. Changing that to fit your own risk management does not impact the trade strategy.

BigE was kind enough to develop and share his TMS system, so my suggestion to understand the system is to imitate and practice, before adding own approaches. Hence I had to put a stop to off topic discussions like averaging down.

aligned with a few others, I think the best way to learn TMS is read and study all of BigE’s posts, then read no further and start practicing. try to understand how BigE saw and analysed the market condition (quite much info). Blindly following people who claim they have “mastered” TMS, will only limit your learning.

So far so good for me practicing TMS. Accuracy of 65% is possible to achieve.

good luck and trade well.

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  • #118,897
  • May 17, 2021 12:28am May 17, 2021 12:28am
Quoting eelfranz
Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too. Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...
Post#160
Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too.

Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...
-----------------------------------------------------

According to the OP of this thread , how do you know when you have mastered his 5-Method?

I think when you reach his level in his Post#2617 in taking clean trades and have completed 3,000 trades within a 3-year trading cycle and reached a 15R profit is a good measure.

Anyone has an opinion on this? Please share.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,898
  • May 17, 2021 12:45am May 17, 2021 12:45am
It 1Am EST New York 10PM PDT Oregon H4 according to the OP he look for H4 trades at this time.

I see 2 possible trades AJ and EJ among the OP's 8 trading pairs.

I pick only pairs with MOMENTUM C-Slope > default 4

then check the PA + SR.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon May17 10PM PDT H4 17-5-2021 1-41-25 pm.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,899
  • May 17, 2021 1:02am May 17, 2021 1:02am
Quoting emmanuel7788
It 1Am EST New York 10PM PDT Oregon H4 according to the OP he look for H4 trades at this time. I see 2 possible trades AJ and EJ among the OP's 8 trading pairs. I pick only pairs with MOMENTUM C-Slope > default 4 then check the PA + SR. {image}
You know the market type conditions now and you have to make that important decision using your Money Management and Risk Management to take any trade.


AJ H4 May17

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Click to Enlarge Name: Aj May17 H4 V19 10PM PDT 17-5-2021 1-46-06 pm.png Size: 73 KB


EJ H4 May17

Attached Image (click to enlarge)
Click to Enlarge Name: EJ May17 H4 V19 10PM PDT 17-5-2021 1-46-29 pm.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,900
  • May 17, 2021 1:05am May 17, 2021 1:05am
EU May17 H4 10PM PDT

- C-Slope 1.7 is weak MOMENTUM ... ignore the cross!
- must reply on PA+SR

Attached Image (click to enlarge)
Click to Enlarge Name: EU May 17 H4 10PM PDT 17-5-2021 2-03-28 pm.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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