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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

  • #121,841
  • Jul 3, 2021 8:31pm Jul 3, 2021 8:31pm
Quoting emmanuel7788
{quote} Monday July 05 is Bank Holiday in the US but with several PMI data and OPEC meetings, and it is also a Monday after last Friday' Non-Farm Payroll so be prepared for narrow range quiet market and also Keep an eye on Nikkei225... may lead the Monday session for those trading USDJPY.

keep an eye on gold and us30.
I don't see anything on Nikkei. choppy market.
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MA provides the market's current direction and strength.
  • #121,842
  • Jul 3, 2021 8:42pm Jul 3, 2021 8:42pm
Old, Oh sorry I mean Gold
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MA provides the market's current direction and strength.
  • #121,843
  • Jul 4, 2021 12:24am Jul 4, 2021 12:24am
Quoting snarlyjack
Eelfranz, Checking in... I would like to say to other traders that I have been trading this method for a couple of months now and have never made so much money. The most I've personally made is $250.00 trading 1 mini contract on the 4 hour chart in one session. However many many days I've made over $100.00 a day trading 1 mini contract. ($1.00 per pip=over 100 pips). Before I was struggling with the 1, 5, 15 minute charts and I was lucky if I made $20.00 to $30.00 a day. So from my perspective the 5 method that Eelfranz teaches is a money maker....
Post#88

by member snarlyjack one of the pioneer member during Big E time.

The benefit trading the 4hr chart timeframe is till true today.

Eelfranz,

Checking in...

I would like to say to other traders that I have been trading this method for a couple of months now and have never made so much money.
The most I've personally made is $250.00 trading 1 mini contract
on the 4 hour chart in one session. However many many days I've made
over $100.00 a day trading 1 mini contract. ($1.00 per pip=over 100
pips).

Before I was struggling with the 1, 5, 15 minute charts and I was lucky if
I made $20.00 to $30.00 a day. So from my perspective the 5 method
that Eelfranz teaches is a money maker.

We started with Craig Harris method of trading and it evolved to the
5 method of trading. The 5 method of trading in my opinion is much
smoother and more profitable than Craig Harris method.

We as a group convinced Eelfranz to move our old thread in the
commercial area to this area because we felt it would help more
people. We are traders helping fellow traders to make money and
be successful at forex. We have no axe to grind and only wish everyone
much success.

Thanks

snarlyjack
=========================================
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,844
  • Jul 4, 2021 12:47am Jul 4, 2021 12:47am
Quoting emmanuel7788
{quote} " I don't know if original TMS works good on lower TFs, it seems to me there will be too many entries. ..." well, the stochastics works in all timeframes the RSI works in all timeframes the MACD works in all timeframes COWABUNGA works in all timeframes Big E's 5-Method works in all timeframes but, TMS as a system does not work in narrow range sideways quiet market conditions. TMS as a system works better in wide range sideways volatile market conditions. TMS as a system works best in trending market conditions.
Sure, you are right. Because Stoch and RSI are oscillators and they will not work on trending market. MACD will not work on ranging. What is COWABUNGA I don't know.

That's why I'm using Asian session HL to filter sideways quiet market.
Observer effect
  • #121,845
  • Jul 4, 2021 1:01am Jul 4, 2021 1:01am
Quoting ryuryu
{quote} Sure, you are right. Because Stoch and RSI are oscillators and they will not work on trending market. MACD will not work on ranging. What is COWABUNGA I don't know. That's why I'm using Asian session HL to filter sideways quiet market.
This is not true. Stoch and RSI will both work on a trending market. RSI will work out the box, and Stoch needs to be 1/2 of the last significant cycle, this means you will be adjusting the Stoch a lot. Another way to use the Stoch is to do what George Lane asked us to do and recognize that divergence is the only valid signal. That takes care of the trend. MACD will work on a ranging market if the trader recognizes when the MACD is collapsing towards the 50 line. A lot of this stuff is in the formulas guys.
If you are good at something, never do it for free--Joker
  • #121,846
  • Jul 4, 2021 2:10am Jul 4, 2021 2:10am
Quoting jmn5611
{quote} This is not true. Stoch and RSI will both work on a trending market. RSI will work out the box, and Stoch needs to be 1/2 of the last significant cycle, this means you will be adjusting the Stoch a lot. Another way to use the Stoch is to do what George Lane asked us to do and recognize that divergence is the only valid signal. That takes care of the trend. MACD will work on a ranging market if the trader recognizes when the MACD is collapsing towards the 50 line. A lot of this stuff is in the formulas guys.
To chop the wood it is better to use an axe, not a spoon. Spoon is for tea.
Stochastic is an oscillator and it has only 0-100 range. It works perfect on ranging market. But it will produce a lot of bad signals on trending. MACD is trending indicator, because it use moving averages for calculations. It is useless on ranging market. So what to use depends on your strategy. Stoch is very good as exit with trending strategies or as entry with reversal trading. Using Stoch and RSI together is like to have electronic and analog speedometers both in one car. In fact the purpose of using Stochastic with TMS system (since it has TDI that already use RSI) is that before making the decision trader need to see the current positioning. That's why instead of using Stochastic for positioning I prefer to use Asian session HL for that and use Stoch for exit (because TMS is trending strategy). Asian HL also good to calculate what distance to use for TP and SL.
Observer effect
  • #121,847
  • Jul 4, 2021 2:29am Jul 4, 2021 2:29am
Quoting ryuryu
To chop the wood it is better to use an axe, not a spoon.
That is assuming you have other tools. Between a spoon and your hand, I would choose the spoon.

Quoting ryuryu
Stochastic is an oscillator and it has only 0-100 range. It works perfect on ranging market.
That presumes you are one who sells at overbought and vice versa. This is not the correct way to use this indicator.

Quoting ryuryu
But it will produce a lot of bad signals on trending.
This is false if you read any of the works of it’s initial creator.

Quoting ryuryu
. MACD is trending indicator, because it use moving averages for calculations. It is useless on ranging market
This is also false, check out the CD of the MACD.

Insomuch as the rest of your strategy, if it works for you, all good. But if you really want to know how to use an oscillator, you need to know why it was made.
If you are good at something, never do it for free--Joker
  • #121,848
  • Jul 4, 2021 3:26am Jul 4, 2021 3:26am
Quoting emmanuel7788
{quote} Hallo Haendlerin the TMS_5EMA MTF is to help use see the Price Action around the 5EMA on higher TF . I think it is useful for M5 and M15 scalpers see the "daylight" between moving averages. Use it for practice and train our eyes. {image} {file} For the market sessions indicator, you can try the one by member Lookleft: https://www.forexfactory.com/thread/...25#post8274225 or download the ones from mql4 website: {file}{file} Viel Spaß !
Never give up!!
  • #121,849
  • Jul 4, 2021 3:30am Jul 4, 2021 3:30am
Quoting jmn5611
That presumes you are one who sells at overbought and vice versa. This is not the correct way to use this indicator.
Quoting jmn5611
But if you really want to know how to use an oscillator, you need to know why it was made.
If you want go deeper... Stochastic does not show oversold or overbought areas because its formula does not use volumes, only price.
Observer effect
  • #121,850
  • Jul 4, 2021 5:13am Jul 4, 2021 5:13am
Quoting ryuryu
{quote} {quote} If you want go deeper... Stochastic does not show oversold or overbought areas because its formula does not use volumes, only price.
That would definitely be true if we were talking any instrument on a regulated exchange. But we are not. We are talking about the pure use of the Stoch. If a trader wants to enhance a signal by using volume, that is fine, but it is not relevant to the discussion at hand.
If you are good at something, never do it for free--Joker
  • #121,851
  • Jul 4, 2021 5:22am Jul 4, 2021 5:22am
Inserted Video
MA provides the market's current direction and strength.
  • #121,852
  • Jul 4, 2021 6:12am Jul 4, 2021 6:12am
Inserted Video
MA provides the market's current direction and strength.
  • #121,853
  • Jul 4, 2021 7:10am Jul 4, 2021 7:10am
Quoting emmanuel7788
{quote} Trading with Trading Made Simple 5-Method Made Easy with EAs #1 EA = EurAud ... Currency Pair #2 EA = TMS_V19 .... Informational EA #3 EA = TMS Monitor .... Informational EA #4 EA = THV CaveManager .... Trade Manager Tool #5 EA= ..... { TMS EVO ++ stay tuned! } ... ??? Trading with expert advisor EAs. Know the different types of EAs and how to use them. https://youtu.be/U9P_PouQDOs {image}
Or, even better, just follow BigE and keep it simple: Do not add anything to the 5-method, including EAs. Would adding 5 or more EAs make the 5-method simpler, or add more confusion? When we have already seen post-after-post from members that cannot even get 1 EA running properly, the answer is crystal clear.
To free Gazans of Hamas, use whatever it takes.
  • #121,854
  • Jul 4, 2021 7:56am Jul 4, 2021 7:56am
Quoting jmn5611
{quote} That would definitely be true if we were talking any instrument on a regulated exchange. But we are not. We are talking about the pure use of the Stoch. If a trader wants to enhance a signal by using volume, that is fine, but it is not relevant to the discussion at hand.
No matter on what type of exchange you will use Stochastic. It will not show overbought and oversold areas.
Observer effect
  • #121,855
  • Jul 4, 2021 9:20am Jul 4, 2021 9:20am
I think trading 2 to 3 hours US30 is good enough, No need trading all day long.
FX teaches lot of bad habit to traders.

That is why trade us session, trade US30. If you find any good opportunity in global session you can open few trade too.
Having a loss limit for the day is absolutely Important.

if your personality suits you can trade NQ too. For me US30 is good. SPX is good. No need to trade lot of other indices. if your personally familiar with indices you can trade them too.
MA provides the market's current direction and strength.
  • #121,856
  • Jul 4, 2021 10:49am Jul 4, 2021 10:49am
Inserted Video
MA provides the market's current direction and strength.
  • #121,857
  • Jul 4, 2021 11:07am Jul 4, 2021 11:07am
Quoting emmanuel7788
Anyone trading H1 New York session ? Big E only traded the first 3 hours of New York open No more trading after London market session close. {image}
sir, can you share this indicator with me? I'm interested in using it.. thank you
  • #121,858
  • Jul 4, 2021 11:59am Jul 4, 2021 11:59am
The IMT EVOLUTION of TMS continues!
Continuing with Vincent's precedence of copy-paste of an entire posting from the TDA with IMT thread,
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To free Gazans of Hamas, use whatever it takes.
  • #121,859
  • Jul 4, 2021 2:49pm Jul 4, 2021 2:49pm
Quoting ryuryu
{quote} No matter on what type of exchange you will use Stochastic. It will not show overbought and oversold areas.
It will if you know how to use it ryu. The Stoch will show you weakness in the trend. Now, insomuch as overbought and oversold go, there is no such thing really. But, there is a such thing as a pullback in a trend, which may go deep enough to end the prior trend and start a new one, and the Stoch will tell you this.
If you are good at something, never do it for free--Joker
  • #121,860
  • Jul 4, 2021 5:26pm Jul 4, 2021 5:26pm
Market Open Jul 05

GU H4

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TMS_V19 Information EA

- price gap down but cover quickly
- TDI' RSI green price line tweek from 6 to 3
- 'outside trading hours' for this pair

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