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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 system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #119,281
  • May 26, 2021 3:20am May 26, 2021 3:20am
Quoting hasib
I will read this book next. After reading the table of contain I have realized it is the book I have to read. {image}
Good reflection and realization of your own weakness.

If after all these years one trader still unable to handle his/her own psychology and emotions in trading, the best advice is not to trade. This may be reason behind having no working strategies working for you. Maybe not because of the strategies.

https://www.forexfactory.com/thread/...trade-journals

You should learn to trade after you can master yourself and control your behaviors. Trade well.
  • #119,282
  • May 26, 2021 3:28am May 26, 2021 3:28am
Could we just focus on sharing charts with BigE methods? so everyone can benefit from each others instead of debating on personal things/issues?

Thank you folks!
  • #119,283
  • May 26, 2021 3:30am May 26, 2021 3:30am
Quoting emmanuel7788
{quote} NZDUSD May26 RBNZ rate statement trading: before: {image} now: - hit ADR high and ... {image} Folks, listen to your own trading experience.

NU May26 H1

- would be interesting to watch this from now on, see price drop back into the big RBNZ candle .... 'hidden gem' to mine.

- not saying it will happen today, but any time in near future

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,284
  • May 26, 2021 3:38am May 26, 2021 3:38am
Quoting emmanuel7788
{quote} NU May26 H1 - would be interesting to watch this from now on, see price drop back into the big RBNZ candle .... 'hidden gem' to mine. - not saying it will happen today, but any time in near future {image}
And the TDI about to cross too but the PA is ranging now. A big red candle would be a good sign for short along TDI cross..
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  • #119,285
  • May 26, 2021 3:38am May 26, 2021 3:38am
Quoting yinhosan
{quote} Oh ok I didn't read that refresh thing, I did miss something then. Thank you, I will refresh my charts before opening a new trade. Is it only for 4h charts or for all timeframe?

Big E with his 15 years trading experience has many old trading habits. There is a saying "old habits die hard".

What would you do when you see a TDI that does not look good? or I would say a TDI that is 'iffy' ?

Post #2846

*** check everything ...etc.

Post #2935

*** 19 templates?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,286
  • May 26, 2021 3:41am May 26, 2021 3:41am
Quoting emmanuel7788
{quote} {quote} >>>> " next step is to delete the chart or the TDI... hummm " many of us knew Big E loved to tweek other people's systems and methods, it would be just a matter of time in the past 10 years that he would "delete the TDI" and what do we have left with Trading Made Simple ... still the same 5-Method because he already said so long time ago that you can trade his 5-Method without the TDI. read his posts here below: Big E you can trade without the TDI #3044...

Thanks Emmanuel for the opinion.

It is true that BigE did mention he could trade without TDI and planned to remove TDI from his charts. However, Trading Made Simple 5-methods is a set of rules developed by BigE that "TDI is is heart of TMS system".

Aligning with BigE's point, our charts are all filled with TDI.

You may want to make it clear the messages in your suggested posts so not to mislead other readers.

#3044. - TDI and stoch are the two indicators to keep if asked
bythepound...

The 5 method is my favorite because more trades come along.

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.

#3103: As of TMS, PA analysis is combined with TDI crosses /bounces
Chims...

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.

#3418: The advantage of TDI combined with PA analysis as of TMS is mentioned again.
The 4 Hr., USD/CAD trade is up to 91 pips profit now...

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.


#2618: Stripping off TDI from chart is an optional if one feels confident and experienced enough. Considering many readers are here to learn TMS, TDI is kept on charts posted by BigE at all times
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 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...


#681: Use of RSI(13 is an preferred indicator by ANOTHER TRADER, not BigE.
#504: The TDI Green Red indicator is on the chart.


Last but not least, I would like to bring your attention to the last few posts by BigE before his unfortunate pass away.

#11,148: Trade comment by BigE: TDI cross at >68 or <32 levels

#10,736: Last Training Chart by BigE, indicating TDI cross/bounce entries with stoch as confirmation.
  • #119,287
  • May 26, 2021 3:42am May 26, 2021 3:42am
Quoting yinhosan
{quote} And the TDI about to cross too but the PA is ranging now. A big red candle would be a good sign for short along TDI cross.. {image}

we are all retail traders, we cannot see what the smart money is doing. brokers will take all the orders and what do the brokers do with all the orders?

so my approach is to trade with low risk trade ideas following Big E 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,288
  • May 26, 2021 3:45am May 26, 2021 3:45am
Quoting yinhosan
{quote} And the TDI about to cross too but the PA is ranging now. A big red candle would be a good sign for short along TDI cross.. {image}

Hi Yinhosan,

m15 has better setup for sell with smaller range of ~18pips.
If trading sell on H1 I would wait for one more peak to validate a downswing est ~30pips. If price chose to drop all the way and retest supports in this current swing I would let it pass.

My approach is price level trading. Hence planning is according to price levels and is reactive to price movement rather than predictive which as Emmanual mentioned, never see what the smart money is doing.

Hope it helps
  • #119,289
  • May 26, 2021 3:52am May 26, 2021 3:52am
Quoting tommydoginti
{quote} Hi Yinhosan, m15 has better setup for sell with smaller range of ~18pips. If trading sell on H1 I would wait for one more peak to validate a downswing est ~30pips. If price chose to drop all the way and retest supports in this current swing I would let it pass. My approach is price level trading. Hence planning is according to price levels and is reactive to price movement rather than predictive which as Emmanual mentioned, never see what the smart money is doing. Hope it helps
Yes thank you for your input. For now, I am trying to stick with H1 and H4 trading following BigE method (Basic Forex PA, TDI and Stochs). Keeping things simple.
  • #119,290
  • May 26, 2021 4:04am May 26, 2021 4:04am
Quoting tommydoginti
{quote} Thanks Emmanuel for the opinion. It is true that BigE did mention he could trade without TDI and planned to remove TDI from his charts. However, Trading Made Simple 5-methods is a set of rules developed by BigE that "TDI is is heart of TMS system". Aligning with BigE's point, our charts are all filled with TDI. You may want to make it clear the messages in your suggested posts so not to mislead other readers. #3044. - TDI and stoch are the two indicators to keep if asked bythepound... The 5 method is my favorite because more trades come...
I received messages about confusion of BigE's 5-Method and its relationship with the Trading Made Simple (TMS) system.

One main concern is whether the TDI is involved in BigE's 5-Method.

The answer is Yes. TDI is used in TMS 5-Method. Stripping it down is another story which hasn't happened when BigE was around.

Here is the original 5-Method as described by BigE. Note its similarity with the TMS as it was introduced after the following post.

#3018
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  • #119,291
  • May 26, 2021 4:11am May 26, 2021 4:11am
Quoting tommydoginti
{quote} I received messages about confusion of BigE's 5-Method and its relationship with the Trading Made Simple (TMS) system. One main concern is whether the TDI is involved in BigE's 5-Method. The answer is Yes. TDI is used in TMS 5-Method. Stripping it down is another story which hasn't happened when BigE was around. Here is the original 5-Method as described by BigE. Note its similarity with the TMS as it was introduced after the following post. #3018 {image}
Thank you for the clarification!
  • #119,292
  • May 26, 2021 4:23am May 26, 2021 4:23am
I get PM messages like this example below:

Hi emmanuel
would up plz share latest update about TMS trading system? Latest indictator, temp & and trading method.
about 1 year agon i read thi thread and now i decide to come and invest in forex. it is very hard for me to read all 4000 pages of this method.
I would be grateful if u share with me latest changes about this method with indicators and temp.

Regards


My usual reply would be this:

Introduction to Trading Made Simple

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
  • #119,293
  • May 26, 2021 4:27am May 26, 2021 4:27am
Another PM I get often is :

Hi emm

big e posted 5 methods.
which of his 5 methods do you trade.

.....


My reply: There is only one 5-Method, the other is 21/233 Method.

5-Method and 21/233 Method Post#3018, Post#4104,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,294
  • May 26, 2021 4:39am May 26, 2021 4:39am
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.


Correction on this is TMS backtest is accurate for Entries but not Exits if strictly following the TMS rules as laid out

#11 indicated chart refresh before entry. No chart refresh after trade open is as BigE’s one version of exiting trades.

One simple fact check is look at BigE’s charts which he has done live trading, besides training charts.

trade safe
  • #119,295
  • May 26, 2021 4:42am May 26, 2021 4:42am
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MA provides the market's current direction and strength.
  • #119,296
  • May 26, 2021 4:47am May 26, 2021 4:47am
Quoting tommydoginti
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. Correction on this is TMS backtest is accurate for Entries but not Exits if strictly following the TMS rules as laid...

Hey Folks

@tommydogie is WRONG AGAIN. Many mis-information and causing lots of new confusion in this thread. He thinks his Trading View TDI is better but he still have no proven trading record to show us.

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.

@tommydogie, he thinks the TDI in Post#25 is flaw due to the MT4 coding and he is wrong. Dean Malone who created the Traders Dynamic Index explained his original TDI in his trading room sessions back in 2007 and also in many of his tutorial videos how to trade with his original TDI version released in 2006. You will find some of his tutorial videos in youtube channels.

Trade Well, Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,297
  • May 26, 2021 4:50am May 26, 2021 4:50am
Quoting hasib
{image}


with 1906 broken, and some more room up to 1948ish 'supply zone' to those S&D traders.

Edit. with caution in the coming weeks any major world event, a potential correction can take out 1850ish region below. So protect your downside.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,298
  • May 26, 2021 4:51am May 26, 2021 4:51am
Quoting hasib
{image}
Is this from TMS system?
  • #119,299
  • May 26, 2021 4:54am May 26, 2021 4:54am
Quoting emmanuel7788
{quote} Hey Folks @tommydogie is WRONG AGAIN. Many mis-information and causing lots of new confusion in this thread. He thinks his Trading View TDI is better but he still have no proven trading record to show us. 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...

You should go read #11 again and simply try BigE’s routine yourself.

Trust me your performance will improve by getting rid of your obsession of keeping chart open.

you are welcome
  • #119,300
  • May 26, 2021 4:58am May 26, 2021 4:58am
Quoting tommydoginti
{quote} Hi Yinhosan, m15 has better setup for sell with smaller range of ~18pips. If trading sell on H1 I would wait for one more peak to validate a downswing est ~30pips. If price chose to drop all the way and retest supports in this current swing I would let it pass. My approach is price level trading. Hence planning is according to price levels and is reactive to price movement rather than predictive which as Emmanual mentioned, never see what the smart money is doing. Hope it helps
The m15 swing is over and now it’s time to anticipate setups on m30 and higher. m15 range is invalidated and tested

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