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Trading Made Simple

  • #121,581
  • Jun 30, 2021 3:25am Jun 30, 2021 3:25am
Quoting emmanuel7788
{quote} Post#647 H4 is in consolidation... Avoid trading when price is in consolidation. Study the price action.
Consolidation, is it this whole zone or only what is in the cercle ?
Attached Image (click to enlarge)
Click to Enlarge Name: consolidation.PNG Size: 10 KB
  • #121,582
  • Jun 30, 2021 3:39am Jun 30, 2021 3:39am
Quoting ladharimoham
{quote} Consolidation, is it this whole zone or only what is in the cercle ? {image}

No. There is no need to see that large amount of history data.

Just this week's H4 price action will show you there is a big candle and small candles ... aka Master Candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,583
  • Jun 30, 2021 3:51am Jun 30, 2021 3:51am
Quoting emmanuel7788
{quote} No. There is no need to see that large amount of history data. Just this week's H4 price action will show you there is a big candle and small candles ... aka Master Candle.
Found it. Thanks
Attached Image
  • #121,584
  • Jun 30, 2021 4:04am Jun 30, 2021 4:04am
Quoting ladharimoham
{quote} Found it. Thanks {image}
Notice that you have posted H4 sell entry from 29/06/21.
How did that sell order played out?
  • #121,585
  • Jun 30, 2021 4:20am Jun 30, 2021 4:20am
Quoting ladharimoham
What you guys think about this entry ? {image}
Quoting Tekkies
{quote} Notice that you have posted H4 sell entry from 29/06/21. How die that sell order played out?
Price went down for some candles but i closed it on BE after it reversed quickly.
Attached Image
  • #121,586
  • Jun 30, 2021 4:45am Jun 30, 2021 4:45am
Quoting emmanuel7788
{quote} Hi Its not so easy when you are new to Trading Made Simple 5-Method. You need lots of screen time and practice in real-time live markets. I'll post more live charts examples for everyone who come here to learn. To trade the m1m5m15 setups, you first must follow Big E' post and make the transition to trade the 4hr during the London session. Your H4 charts must show the H4 price action above or below its 5EMA. Use TMS_V19 EA for real-time view and alerts. Then use the TMS Monitor EA if you trade more than 3 pairs. This EA will send you alerts...
thank you,
you are a very helpful, patient person and good teacher. I have been studying tms threed for a year, I read all elfranz posts and your Emmanuel.It is a source of a lot of knowledge that I may be able to use in trading one day. It took me a lot of time to read the whole threed, I understand tms 5 method, but understand and know it is a big difference. Thank you once again for the quick answer. I read your posts very eagerly and I admire how you try to help everyone who asks about something. I would like to say that most of the questions asked are answered on one of the 6778 pages and there are no shortcuts, all new in TMS 5 method need to start with post # 1

Regards
  • #121,587
  • Jun 30, 2021 4:58am Jun 30, 2021 4:58am
Quoting ladharimoham
{quote} {quote} Price went down for some candles but i closed it on BE after it reversed quickly. {image}
Try to enter at the beginning of the new bar.
#6.... We Enter a trade when green crosses red on the TDI at the beginning of that candle
#54.... Wait for green to CROSS RED and open your trade at the beginning of the new candle...usually candle 1 or 2.
#718... would enter the trade at the beginning of the next candle if it was the same color
#785... On any timeframe when green crosses red (12-2 or 4-6 angle) we enter the trade at the beginning of that candle... check out the basic stuff as discussed earlier
#1740... My main point is if you can catch it at the beginning of the candle then you have more momentum...
#4065... Make sure green has CROSSED the red and enter at the beginning of the candle...

Stay with what BigE has posted
- Read / understand the entire post.
  • #121,588
  • Jun 30, 2021 6:40am Jun 30, 2021 6:40am
Quoting ladharimoham
Reversal maybe ? {image}

next time show your chart as bar chart,
this will help you learn price action using the price bar and the HA candles

and

also your TMS_V19 is not optimized for H4 trading.
Trend 2/8 ideally should be Weekly
TDIC1 should be Daily
- do not use Candle Pattern
-

***turn on EA
Attached Image (click to enlarge)
Click to Enlarge Name: lardharimohan EA H4 post chart 30-6-2021 7-30-19 pm.png Size: 252 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,589
  • Jun 30, 2021 6:45am Jun 30, 2021 6:45am
Quoting Tekkies
{quote} Try to enter at the beginning of the new bar. #6.... We Enter a trade when green crosses red on the TDI at the beginning of that candle #54.... Wait for green to CROSS RED and open your trade at the beginning of the new candle...usually candle 1 or 2. #718... would enter the trade at the beginning of the next candle if it was the same color #785... On any timeframe when green crosses red (12-2 or 4-6 angle) we enter the trade at the beginning of that candle... check out the basic stuff as discussed earlier #1740... My main point is if you...

easy to say but you do not follow Big E' posts.

Read, study and learn from all Big E' posts and put into live practice.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,590
  • Jun 30, 2021 6:48am Jun 30, 2021 6:48am
Quoting ladharimoham
{quote} {quote} Price went down for some candles but i closed it on BE after it reversed quickly. {image}

you could have taken partial exit with profit and then lock remaining position at BE+.

why don't you consider use THV CaveManager to help you manage your trades?

learn to use MT4 expert advisors for trade management.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,591
  • Jun 30, 2021 6:50am Jun 30, 2021 6:50am
Quoting ladharimoham
{quote} Found it. Thanks {image}

you will see that H4 Master candle clearly when you use Bar chart over the APB HA candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,592
  • Jun 30, 2021 6:53am Jun 30, 2021 6:53am
Quoting Tekkies
{quote} Only seven trader? Ok that nice. Are you refunding the other traders accounts that lost out on that call? ----- Emmanuel, you got US30, you can plot two horizontal lines - 34379 and 34368 and post the chart with an arrow to indicate the time of call. That way readers can judge for themselves how good you are in calling securities.

I did not say how many traders in that telegram group.

You assumed there were seven.

All of them made money last night scalping US30 because they do their hardwork and not being lazy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,593
  • Jun 30, 2021 6:55am Jun 30, 2021 6:55am
Quoting Tekkies
{quote} Hi Emmanuel, did you check the TDI green cross red. You know that indicator on your chart you don't use, right at the bottom of the chart? Now you post all the above crap, where you only have to post this: Did TDI cross over? > Yes - Angle above / below 2/4 ? Above 2 Did Stoch confirm direction > Yes Apply rest of post#647 to that TDI set up before placing the order. {image} No need to count 1,2,3,4,5. By the way Emmanuel you did not explain which bar to start the count / place 1

@Tekkies

You still have not read, study and learn from ALLL Big E' posts.

With Swing High / Swing Low + True REVERSAL candle setup + support and resistance, I know the candle #1 and #2 entries well ahead of your TDI green line .. its lagging the price action.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,594
  • Jun 30, 2021 7:00am Jun 30, 2021 7:00am
Quoting Tekkies
{quote} Yes. TDI green crossed Red > Angle of TDI green below 4 Stoch confirm direction Use the rest of post#647 Look at the bar's: Long wick's at the top > Sellers are coming in? Big candles > lot of movement Price is bumping / fight to break thought that resistance zone. Stoch (not part of TMS) is or are moving out of overbought level. - Be careful with this one. > Stoch can stay for many bars above overbought Did you read TDI cross.pdf? The same apply for 68 level #121 Note the last 20 candles (PA) are pretty flat with some movement. You took...
Attached Image (click to enlarge)
Click to Enlarge Name: lardharimohan EA H4 trade 30-6-2021 4-43-58 pm.png Size: 492 KB


There was no reversal in the price action.
And the 5EMA still pointing up.
Price in consolidation area.
Short and long term trend both UP.
Previous four candles were big candle plus 3 small candles. ... Master Candle

Post#647

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,595
  • Jun 30, 2021 7:09am Jun 30, 2021 7:09am
Hi people I have been reading FF for a while and created an account. This thread has the most number of viewers so I thought I would engage here and learn a few things.
Cheers
WMZ
  • #121,596
  • Jun 30, 2021 7:43am Jun 30, 2021 7:43am
Quoting piggone
{quote} thank you, you are a very helpful, patient person and good teacher. I have been studying tms threed for a year, I read all elfranz posts and your Emmanuel.It is a source of a lot of knowledge that I may be able to use in trading one day. It took me a lot of time to read the whole threed, I understand tms 5 method, but understand and know it is a big difference. Thank you once again for the quick answer. I read your posts very eagerly and I admire how you try to help everyone who asks about something. I would like to say that most of the...
Hi piggone

I will be here to help anyone who wants my help.
But first you must read, study and learn everything which Big E posted in Forex Factory.
When you have done that, you have the option to read my posts and ask me any question you have.

But be warned, according to Tekkies I filled the void Big E left behind and my posts are more advance stuff which he could not grasp.
Tekkies' Post #76129 below:
"
BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good. Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all. Members that have learned from BigE and emmanuel have moved on and left this forum. Most probable successful traders in own right. Those old members are replace by new members that do not know how to trade. Every couple of days / weeks the cycle repeat it self. So after many years the level of traders in this thread is still at the level of a new member. The subject / topic's that emmanuel is posting now is advance forex trading.

"
Trade Well. Stay Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,597
  • Jun 30, 2021 7:47am Jun 30, 2021 7:47am
Quoting watchmyzone
Hi people I have been reading FF for a while and created an account. This thread has the most number of viewers so I thought I would engage here and learn a few things. Cheers WMZ
Hi WMZ

Welcome to TMS,

=================================================================================
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
  • #121,598
  • Jun 30, 2021 7:50am Jun 30, 2021 7:50am
EU and GU at NYO

month-end 'shadow' trading

Attached Image (click to enlarge)
Click to Enlarge Name: EU D1 NYO 30-6-2021 8-48-22 pm.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GU H1 NYO 30-6-2021 8-45-02 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,599
  • Jun 30, 2021 7:52am Jun 30, 2021 7:52am
Quoting emmanuel7788
EU and GU at NYO month-end 'shadow' trading {image} {image}

UJ H4 at NYO

Attached Image (click to enlarge)
Click to Enlarge Name: UJ H4 NYO 30-6-2021 8-51-00 pm.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,600
  • Jun 30, 2021 7:59am Jun 30, 2021 7:59am
learn to trade S&P500

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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