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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

  • #121,901
  • Edited 12:03pm Jul 5, 2021 11:45am | Edited 12:03pm
Quoting hasib
Here is the results. Now you may disagree with me. you may say it is not TMS trade. I will tell you It is 100% TMS trade. Also meet the BigE PA criteria. Now my Question is to you, which TF Is control TF to you here? {image}
This is a bit of a complicated situation because you would like to have a simplistic tagging of a "control" TF to your entry TF when your entry M5 TF is FAR, FAR away from the control TF. Plus, M5 was not the focus TF, but you can use it to get a zoomed-in view for a bit better entry.

IMT shows you the story.

W1 is the control TF.

The next TF that is due to make a pullback then up continuation is D1. So every time there is a pullback on TFs below D1, they are trying to go into the downtrend that will result in the D1 pullback.

That being said, your M5 buy is on the EXTENDED up continuation of the H4. And this occurred only because the M15 made another attempt to end its up swing by swinging down. However, when the M15 rally then appeared, it went too far and this attempt of M15 to get the downtrend going failed, and price continued up with a reset to M1 to start the pullbacks once again.
To free Gazans of Hamas, use whatever it takes.
  • #121,902
  • Jul 5, 2021 6:38pm Jul 5, 2021 6:38pm
Quoting DrDave
{quote} This is a bit of a complicated situation because you would like to have a simplistic tagging of a "control" TF to your entry TF when your entry M5 TF is FAR, FAR away from the control TF. Plus, M5 was not the focus TF, but you can use it to get a zoomed-in view for a bit better entry. IMT shows you the story. W1 is the control TF. The next TF that is due to make a pullback then up continuation is D1. So every time there is a pullback on TFs below D1, they are trying to go into the downtrend that will result in the D1 pullback. That being...
"The markets are speaking to you. Do you know their language? I M T"

NO. You are confused with the language of the markets.

IMT does not show the story.

This is Trading Made Simple aka TMS by eelfranz whom we fondly call Big E. This is the whole story.

The whole story can be sum up in { One, } { Two } and { Three } just click and read. If there is such a thing as language of the markets, then it has to be the price and its price action.

There is no such "control" TF. You will learn about the TIMING in the same above { One, } { Two } and { Three }.

Trading Made Simple is trading the TIMING with Big E' 5-Method.

EveryOne has his/her own make trading simple and that is according to Big E' #296.

Have Fun Folks - Today we ride the bulls and hunt like the bears.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,903
  • Jul 5, 2021 6:42pm Jul 5, 2021 6:42pm
Quoting ryuryu
{quote} https://www.mql5.com/ru/code/20323

that is the new TDI for MT5....

Now I can have more than one TDI on my charts.

Enjoy this!

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,904
  • Jul 5, 2021 6:56pm Jul 5, 2021 6:56pm
Quoting emmanuel7788
{quote} *** LIVE Trading *** 2AM PDT Big E 4hr trading GU Jul 05 H4 - buy setup - Price Action breakout of the consolidation ... a Double Inside Bar, that is one Mother Bar, with two Inside Bars... - a bounce from 0.3 to 5.5 is good - use a low risk trading idea {image} one minute before 2Am PDT is these conditions below - note the TDI {image}
*** LIVE Trading *** SYD 9:55AM GBPUSD

- current 4hr with one hour five minutes to go...

- will hungry 'bulls' rush at Tokyo Open or perhaps later part today?

- potential Pop Gun if this 4hr make higher high + higher Close, watch the price action with MOMENTUM and the RSI green price line will hook up.

- do you have a low risk trading idea for this?

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul 06 SYD 0953AM 6-7-2021 7-51-49 am.png Size: 79 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,905
  • Jul 5, 2021 7:08pm Jul 5, 2021 7:08pm
Quoting Druj
guys im in mt5. Can someone share TDI settings. Sorry for my bad english thanks -Druj
just the default setting and see your trading results for yourself.

MT5 Indicators for Trading Made Simple

Synergy APB {click to download}

Traders Dynamic Index {click to download}

Attached Image (click to enlarge)
Click to Enlarge Name: TDI MT5 default.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,906
  • Jul 5, 2021 7:12pm Jul 5, 2021 7:12pm
Quoting emmanuel7788
{quote} *** LIVE Trading *** 2AM PDT Big E 4hr trading UJ Jul 05 H4 2AM PDT - sell - Price action breakout of the Inside Bar - TDI RSI green price line 8.0 slope no need for the clock 4-6 anymore. {image}

*** LIVE Trading *** Tokyo 9am

Tokyo RUSH is happening now...

price breaks SYD_2H low ... sell sell sell low risk idea


Edit:
add chart
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jul 06 break SYD_2H Low 6-7-2021 8-15-56 am.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,907
  • Jul 5, 2021 7:40pm Jul 5, 2021 7:40pm
Quoting Druj
guys im in mt5. Can someone share TDI settings. Sorry for my bad english thanks -Druj

Quoting emmanuel7788
{quote} just the default setting and see your trading results for yourself. MT5 Indicators for Trading Made Simple Synergy APB {click to download} Traders Dynamic Index {click to download} {image}
For those trading with MT5 platform, here is another nice tool:

The HMA(12) will 'confirm' the price action reversals much better than the TDI green cross red.
The OP of Trading Made Simple(r) explained this in his thread. { link }

HMA Color with Alert MT5

this version has alert when the HMA changes color.

remember to change the period to 12 and also to wait for the HMA to cross the 5EMA and the setup APB/HA candle.

you can also download this MT5 version from the MQL5 Market here, its free.

https://www.mql5.com/en/market/product/27341
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,908
  • Jul 5, 2021 8:10pm Jul 5, 2021 8:10pm
Quoting tommydoginti
{quote} Trading Made Simple uses primarily the fast and slow MA of RSI in the TDI. RSI period 13 fast MA = 2 slow MA = 7 depending on your approach, you can put the two green and red lines on chart from simply using built-in indicators to construct, to custom indi involves you or others to some coding work. trade well

" Trading Made Simple uses primarily the fast and slow MA of RSI in the TDI. '

To be precise, it is Big E' 5-Method that uses the original TDI by Dean Malone.

If you use the MA on RSI, it is just another nuance version of the trading the 5-Method

RSI data (period 13)
fast MA = 2 should be (Exponential MA period 2) of the RSI(130 data
slow MA = 7 should be SImple MA period 7 of the RSI(13) data

You can "stack TDIs" simply by adding a number of MAs to the RSI(data) ... explained in Dean Malone' tutorial years ago. He told his story of each of the lines in his Traders_Dynamic_Index. Nothing under the sun is new. There is no new wheels in trading which are yet to be discovered.

Example of "stack TDIs"
When we follow Price Action as No.1 Importance, then everything else in the sub-windows below will tell you a story.
2,3,5,8,13,21,34,55 are fibonacci series number .... 7 is not.
ask Dean Malone why use levels 32 and 68? He will tell you his story too.

Attached Image (click to enlarge)
Click to Enlarge Name: GU stck TDI Fossy RSI.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,909
  • Jul 5, 2021 8:15pm Jul 5, 2021 8:15pm
Quoting emmanuel7788
{quote} *** LIVE Trading *** SYD 9:55AM GBPUSD - current 4hr with one hour five minutes to go... - will hungry 'bulls' rush at Tokyo Open or perhaps later part today? - potential Pop Gun if this 4hr make higher high + higher Close, watch the price action with MOMENTUM and the RSI green price line will hook up. - do you have a low risk trading idea for this? {image}
*** LIVE Trading *** Jul 06 H4

GU at Tokyo 10:00am

- not very convincing pop ... the PA + slope 4.5 is not the best ( slope > 8.0 would be nice!) but we can manage the risks.

- to have a slope >8.0, we need a much high high + higher Close, look to the left, several PPA 'resistance' to break these 'resistance' we need higher high + higher Close in the price.

- the low risk idea is there, I do for it.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul06 H4 POP Gun 6-7-2021 9-12-22 am.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,910
  • Jul 5, 2021 8:28pm Jul 5, 2021 8:28pm
"The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies"

Author Adam Grimes, explain about control TF.
I know the concept of Control TF is real and it is effective.

Now how you determine Control TF is not clear to many people, If a person can't explain Control TF objectively. It doesn't mean Control TF Concept is not there or it is BS.

I have read few materials where I found OTETF and other concept about TF and market. That is not discussed in DrDave IMT thread. Probably he knows it or probably he don't knows more about it. Best HTF and LTF multiplier is not 4 and 6, I first read it from DrDave, I have to say he is right here. Author Adam Grimes said most of the time Best multiplier is 3. Again we have to do back test to find out our trading instrument Best HTF and LTF multiplier.

What we use in our trading, it should be objective for getting better results.
MA provides the market's current direction and strength.
  • #121,911
  • Jul 5, 2021 8:29pm Jul 5, 2021 8:29pm
TMS Monitor Jul 06 Tokyo 10AM

- this is my first 4hr trading with Big E' 5-Method .. it is 4H swing trading on Tuesdays.

- I have a few CONTINUATION trades to consider now

- but I also know what is there to trade in the next 4 hours i.e. when Big E's 10PM 4hr trading starts.... that's his Trading Made Simple.

- do you people get it?

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jul 06 Tokyo 10AM 6-7-2021 9-24-04 am.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,912
  • Jul 5, 2021 9:06pm Jul 5, 2021 9:06pm
Quoting emmanuel7788
TMS Monitor Jul 06 Tokyo 10AM - this is my first 4hr trading with Big E' 5-Method .. it is 4H swing trading on Tuesdays. - I have a few CONTINUATION trades to consider now - but I also know what is there to trade in the next 4 hours i.e. when Big E's 10PM 4hr trading starts.... that's his Trading Made Simple. - do you people get it?
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jul 06 Tokyo 10AM 6-7-2021 9-24-04 am.png Size: 36 KB


{image}

*** Live Trading *** H1 Tokyo 11am

- one hour after that last H4 and into the current 4hr trading period,


- we have a few H1 alerts to consider

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jul 06 H1 Tokyo 11am 6-7-2021 10-02-52 am.png Size: 36 KB

GU ran nicely!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,913
  • Jul 5, 2021 11:00pm Jul 5, 2021 11:00pm
GU.

Buy when price at consolidation without reversal signals.

TDI green cross red

Attached Image (click to enlarge)
Click to Enlarge Name: A7B6A608-D1E9-45E0-A5B8-4303858F4D03.png Size: 359 KB
Attached Image (click to enlarge)
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  • #121,914
  • Jul 6, 2021 12:30am Jul 6, 2021 12:30am
Quoting emmanuel7788
TMS Monitor Jul 06 Tokyo 10AM - this is my first 4hr trading with Big E' 5-Method .. it is 4H swing trading on Tuesdays. - I have a few CONTINUATION trades to consider now - but I also know what is there to trade in the next 4 hours i.e. when Big E's 10PM 4hr trading starts.... that's his Trading Made Simple. - do you people get it? {image}

*** LIVE Trading *** Jul 06 H4 10PM Big E trading 4hr

- it is Tokyo 2PM, Frankfurt 7am, London 6am and New York 1am

- TMS Monitor H4

- a few continuation in the H4 price action

- how to get an entry with low risk trading idea?

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jul 06 H4 10PM PDT 6-7-2021 1-29-07 pm.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,915
  • Edited 12:46am Jul 6, 2021 12:36am | Edited 12:46am
Quoting emmanuel7788
{quote} *** LIVE Trading *** Jul 06 H4 GU at Tokyo 10:00am - not very convincing pop ... the PA + slope 4.5 is not the best ( slope > 8.0 would be nice!) but we can manage the risks. - to have a slope >8.0, we need a much high high + higher Close, look to the left, several PPA 'resistance' to break these 'resistance' we need higher high + higher Close in the price. - the low risk idea is there, I do for it. {image}

*** LIVE Trading *** Jul 06 Tokyo 2:35pm

- GU with price moved +1R, I will consider move my SL to BE+ and get free trades for rest of today.

- what do you do in such situation?
>> Do you allow FEAR and GREED will take control of you? or
>> Do you let your 'neural network' your experience rule your trade exit management?


Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul 06 H1 trade management TP1 locked 6-7-2021 1-31-35 pm.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,916
  • Jul 6, 2021 12:40am Jul 6, 2021 12:40am
Quoting emmanuel7788
{quote} *** LIVE Trading *** Tokyo 9am Tokyo RUSH is happening now... price breaks SYD_2H low ... sell sell sell low risk idea Edit: add chart {image}

*** LIVE Trading *** Tokyo 2:30pm

UJ Jul 06 sell trade management

- rather slow moving today after the TOK open rush

- so I move my SL to BE+ and fight the FO and LO today.

- H4 still intact so look for LTF sell opportunites.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jul 06 H1 trade management 6-7-2021 1-36-59 pm.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,917
  • Jul 6, 2021 12:45am Jul 6, 2021 12:45am
Quoting tommydoginti
GU. Buy when price at consolidation without reversal signals. TDI green cross red {image}{image}

selling M15 against the H4 price action the odds are much lower

- H4 made higher high higher low + higher Close
- previous Days were bullish

- with 'stack TDIs' note the expanding 'day-light' in yellows and above its 50-level.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul 06 M15 stack TDI 6-7-2021 1-00-35 pm.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,918
  • Jul 6, 2021 12:51am Jul 6, 2021 12:51am
Quoting hasib
"The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies" Author Adam Grimes, explain about control TF. I know the concept of Control TF is real and it is effective. Now how you determine Control TF is not clear to many people, If a person can't explain Control TF objectively. It doesn't mean Control TF Concept is not there or it is BS. I have read few materials where I found OTETF and other concept about TF and market. That is not discussed in DrDave IMT thread. Probably he knows it or probably he don't...
"... Author Adam Grimes said most of the time Best multiplier is 3..."

I think 3 timeframes analysis with multiplier 3 is good enough. Anything more is just an overkill and lead to over analysis and paralysis.

Like Big E said in Post#647 -
"Am I in an uptrend or downtrend.. short & long term..."

If H4 is our trading timeframe, which other TFs are our short term and long term trends?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,919
  • Jul 6, 2021 12:54am Jul 6, 2021 12:54am
Quoting emmanuel7788
{quote} *** LIVE Trading *** Jul 06 H4 10PM Big E trading 4hr - it is Tokyo 2PM, Frankfurt 7am, London 6am and New York 1am - TMS Monitor H4 - a few continuation in the H4 price action - how to get an entry with low risk trading idea? {image}

*** LIVE Trading *** Jul 06 H4 10PM Big E trading 4hr

EurAud Jul 06 Tokyo 2:55PM

- did your see the H1 spike?

- was that 'stop hunt'?
Attached Image (click to enlarge)
Click to Enlarge Name: EU Jul 06 H4 at Tokyo 02-52PM 6-7-2021 1-52-13 pm.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,920
  • Jul 6, 2021 12:57am Jul 6, 2021 12:57am
Quoting emmanuel7788
{quote} *** LIVE Trading *** Jul 06 H4 10PM Big E trading 4hr EurAud Jul 06 Tokyo 2:55PM - did your see the H1 spike? - was that 'stop hunt'? {image}
*** LIVE Trading *** Jul 06 H4 10PM Big E trading 4hr

EA Jul 06 H1 sell the spike

- quick TP1 +10pips

Attached Image (click to enlarge)
Click to Enlarge Name: EA Jul 06 H1 stop hunt 6-7-2021 1-55-51 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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