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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #122,401
  • Jul 12, 2021 7:16am Jul 12, 2021 7:16am
Quoting tommydoginti
{quote} It is the same. A dip is a low in an uptrend. A trend exhaustion downswing makes up the low. Buy at dips put odds in your favor and can have better risk:reward ratio setups Unlike some mediocre traders chasing the swing, may hit a 10pip TP with partial close, but then price hit the SL. Pretty unskilled management with poor RR. Newbie question.
Newbie question.
Well, consider the person that asked the question ...
To free Gazans of Hamas, use whatever it takes.
  • #122,402
  • Jul 12, 2021 7:20am Jul 12, 2021 7:20am
Quoting DrDave
{quote}Trading Made Simple aka TMS is not a system. Why do you insist on repeating your tiresome old posts that have already been debunked as lies???? Or do you think that you can trick more newcomers and those that have failed to read all of the thread beginning with post #1 by simply posting what ever lies you want to promote currently? You YOURSELF, Vincent, said that TMS is a system!! {quote}. #7740 July 12, 2011 It's a simple system that works... #1514...

LOL.

More of your fantasy stories coming from voices in your head. Too many voices in your head.

Did you really read all of Big E's post in Forex Factory?

Show us the posts how this thread got its title "Trading Made Simple"?

Thank you for your personal IMT donations to the market. No matter how small your donations, it adds up to all the retail traders losses.

FF Members are discerning not to trade your failed trading system IMT.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,403
  • Jul 12, 2021 7:21am Jul 12, 2021 7:21am
Quoting DrDave
{quote}Newbie question. Well, consider the person that asked the question ...
LOL.

That's you IMT trader. Risk 100 Profit 10.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,404
  • Jul 12, 2021 7:33am Jul 12, 2021 7:33am
Quoting ryuryu
{quote} 1. Trading Made Simple is not a system ever, because it has no money management and exit rules. It is pretty simple system to find entry points only. It can be replaced with MACD with default settings and they entries will be exactly the same. 2. There is nothing to learn. 3. It will fail in ranging market and ranging market is ~86% all the time. 4. TDI can be replaced with any other oscillator it doesn't matter. 5. Trading can't be simple. It is not. 6. Max winrate of the original TMS is 47% max. All that 86% is not true, just spend 30$...
1. It can be replaced with MACD with default settings and they entries will be exactly the same.
That is not correct. The MACD with default settings is much smoother than the TDI with default settings, so many TDI bounces will not be seen with the MACD. Similarly, the MACD crosses often do do not correlate well with the TDI crosses.

However, there ARE settings for the MACD that do track the TDI red and green very well, including the crosses and bounces.

3. It will fail in ranging market and ranging market is ~86% all the time.
The 5-method does not fail, but TRADERS can fail to apply the entry criteria after a TDI crossing, and the trade will fail to be profitable.

4. TDI can be replaced with any other oscillator it doesn't matter.


6. Max winrate of the original TMS is 47% max. All that 86% is not true, just spend 30$ and create simple EA to check it.
a. You will not have a "simple" EA if you code in as many of the entry criteria that you can think of that prove to be relevant.
b. If you are using a simple EA to make an evaluation, then it appears to me that you have decided to take entries on every, or nearly every TDI cross or bounce, which is not how it is used in the 5-method.
To free Gazans of Hamas, use whatever it takes.
  • #122,405
  • Jul 12, 2021 7:39am Jul 12, 2021 7:39am
Quoting ryuryu
{quote} {quote} I didn't get it. You say that original BigE approach is good or not? I say that it is bullshit. And I'm ready to proof it trading NOT original TMS, but enhanced one. And i'll trade it using bot, no manual trading. But I need who will trade that original TMS to compare results.

Some people make claims to that they trade original Big E' TMS. I asked but they never reply to my question what is original Big E TMS?

Big E as we know from his Post#1, he trade the 4hr his 10PM , 2AM candle and close his trades at 6AM. Is this original Big E TMS?

Big E also traded the US session for the first 2 to 3 hours. Is this also original Big E' TMS?

If his trading his 4hr and 1hr, is what is original TMS then I don't trade like him.

Is Big E approach in Post#1 god or not? It was good back in 2010 for those US majors when he could make 150 to 200 pips. But today, I don't think so.

And Tekkies has been the one making claims that he trade TMS TDI cross to cross, but look at his TE form Dec 05 till today. Do you think trading TDI green cross red is profitable? His TE results is conclusive.

And recently, @tommydogie started in Feb to trade what he claim is original TMS. Maybe he can explain what is his original Big E TMS.

You do not trade manually and you trade using a bot and you are profitable, that's good.

You want to compare your bot trading ( no name) and original TMS, let see who will reply you.

Will you show us some charts examples of trades taken by your bot? Its okay if you do not want to show.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,406
  • Jul 12, 2021 7:40am Jul 12, 2021 7:40am
Quoting emmanuel7788
{quote} "he made it clear that if you add things, your trading will suffer." That is correct. If you add IMT you will lose money. "After all, we need to feed on the IMT traders losers in the market, and the IMT thread is a good place to lure people to donate money to the TMS traders."
Nice one, Vincent!! So, if you recall, YOU are the one that started with the copy-paste of a post from the TDA with IMT thread to this thread!!! You are so captivated with IMT that you not only post about it, but copy-paste an entire post, yet too embarrassed to ask for proper training.

So, why are YOU adding things??? Ohhhhhh, right, because
"After all, we need to feed on losers in the market, and this thread is a good place to lure people to donate money to the market."

Nice that you have finally come clean about luring the naive here so that you can convince them how they can donate their money to the markets with your smoke and mirrors and blatant lies. Plenty of them have already fallen for it, as the long-time readers can attest. Keep up the good work!
To free Gazans of Hamas, use whatever it takes.
  • #122,407
  • Jul 12, 2021 7:51am Jul 12, 2021 7:51am
Quoting emmanuel7788
{quote} I did not take 10 years to learn Big E' 5-Method. It does not need 10 years to learn Dean Malone' Synergy trading model. What is original TMS? Nobody here has ever traded original TMS or pure TMS Big E style. I think it is @tommydogie who started saying this recently. Who claimed 85% win-rate here trading Big E' TMS? Public trade explorer for 4 weeks, well that's good idea and we should open to all who flap their lips here - like what Tekkies already wanted. But why not Trade Explorer one full year 12 months and USD10,000 like Big E? Who...
I did not take 10 years to learn Big E' 5-Method.
No??? Well, then, that means that either you STILL haven't learned it and are in the learning process, or, it only took you 10 years to achieve the BEGINNER'S 65% success rate. OK, now we understand. You learned the 5-method, then you ADDED all of your perversions and, just as BigE said would happen, your results suffered!!!

And now, instead of REMOVING some of that damaging clutter, you keep ADDING more new things, trying, trying, trying, to get above that 65% success rate. It ain't gonna happen!
To free Gazans of Hamas, use whatever it takes.
  • #122,408
  • Jul 12, 2021 7:55am Jul 12, 2021 7:55am
Quoting DrDave
{quote} Nice one, Vincent!! So, if you recall, YOU are the one that started with the copy-paste of a post from the TDA with IMT thread to this thread!!! You are so captivated with IMT that you not only post about it, but copy-paste an entire post, yet too embarrassed to ask for proper training. So, why are YOU adding things??? Ohhhhhh, right, because "After all, we need to feed on losers in the market, and this thread is a good place to lure people to donate money to the market." Nice that you have finally come clean about luring the naive here...

LOL.

You have forgotten to take your daily medication to calm those voices in your head. Those stories told by those voices in your head keep repeating over and over and over again ...

Which voice(s) keep talking to you about the markets? What is the language? Maybe its Hebrew and your mistaken to be IMT

Thanks for the laughs!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,409
  • Jul 12, 2021 7:56am Jul 12, 2021 7:56am
Quoting DrDave
{quote} I did not take 10 years to learn Big E' 5-Method. No??? Well, then, that means that either you STILL haven't learned it and are in the learning process, or, it only took you 10 years to achieve the BEGINNER'S 65% success rate. OK, now we understand. You learned the 5-method, then you ADDED all of your perversions and, just as BigE said would happen, your results suffered!!! And now, instead of REMOVING some of that damaging clutter, you keep ADDING more new things, trying, trying, trying, to get above that 65% success rate. It ain't gonna...

LOL.

You have forgotten to take your daily medication to calm those voices in your head. Those stories told by those voices in your head keep repeating over and over and over again ...

Which voice(s) keep talking to you about the markets? What is the language? Maybe its Hebrew and your mistaken to be IMT

Thanks for the laughs!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,410
  • Jul 12, 2021 7:59am Jul 12, 2021 7:59am
Quoting eelfranz
Is that possible? Yes. Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies... I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a lot...

It is 6AM PDT soon, anyone trading Big E 4hr?

Time to close your trades at 6AM

"I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step."

.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,411
  • Jul 12, 2021 8:06am Jul 12, 2021 8:06am
Quoting ryuryu
{quote} {quote} I didn't get it. You say that original BigE approach is good or not? I say that it is bullshit. And I'm ready to proof it trading NOT original TMS, but enhanced one. And i'll trade it using bot, no manual trading. But I need who will trade that original TMS to compare results.
Hi Ryu,

The rules of Trading Made Simple are laid out by BigE throughout his posts.

Some people don't have the intelligence to differentiate TMS as a system and BigE as a trader trading the system, mistaking (for years) someone's habit as the RULE.

The way I practice TMS can be found in the following posts by BigE, not made up by me

1. TDI is heart of the TMS 5-method --- #261, #2617
All trades I share here are signaled by TDI green cross /bounce red

2. I work with time frames and time of day that suits me --- #644, #1170, #4470
I usually trade during work hour because of my privilege at my job which I have a lot of free time. Sometimes at night because it is London/NY market time when volatility is high. I like Lower Time Frame because I prefer quick-in-quick-out.

3. I use simple PA analysis that everyone can learn --- #276, #647
I prefer leading ones which I can anticipate TMS TDI cross/bounce setups to catch the swing in early stage like BigE demonstrated in his charts

4. Aligning with the discussion of this thread during BigE's time, entries are the main focus --- #495
If I have other aspect of trading to share, I would go to other related threads. I hope readers in this thread can receive concise and relative information in respective thread for efficient learning

5. I apply the correct use of TDI Green & Red lines --- #11
#11 has clearly shown that BigE refreshed his chart before viewing the chart. Traders who want to learn and practice the TMS should 1) refresh the chart before analysis, or 2) use a non-repainting TDI Green Red indicator. I chose the later.

6. Absolutely no EA --- #802
Two reasons: 1) To respect the thread rule. 2) If you need to rely on EAs to help you become profitable, i) Your trading skill is so-so at this stage, and ii) you will never learn the discretionary analysis that can further improve your trading skills

7. Most importantly, I participate the forum with respect --- #486
  • #122,412
  • Jul 12, 2021 8:20am Jul 12, 2021 8:20am
This is a great system......
EA and monitor not working for me
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  • #122,413
  • Edited 8:34am Jul 12, 2021 8:23am | Edited 8:34am
Quoting ryuryu
{quote} {quote} I didn't get it. You say that original BigE approach is good or not? I say that it is bullshit. And I'm ready to proof it trading NOT original TMS, but enhanced one. And i'll trade it using bot, no manual trading. But I need who will trade that original TMS to compare results.
I am just curious why you want to prove something works or not in a Trading System thread...?

This is a thread about Trading Made Simple. I am not here to say this is better or worse than any other systems. What I concern is to learn and practice BigE's Trading Made Simple system.

I previously pointed out some misconceptions of Emmanuel that hinders his trading profitability. On the other hand, there are so many irrelevant trading tools, gambling EAs circulating in this thread which not only are not useful, but also cause confusion to readers. Currently, I simply post charts of trades as I practice the original TMS system, discuss and answer inquiries from fellow FF members.

Unlike some "experienced traders" or "Naysayers" who challenge other traders for no reason, I don't see why there is need to compete.
Why not join a public trading competition? proving yourself right and win big money.

I am sure there are better trading systems than TMS. As ladharimoham and many others have suggested, if you have a better idea other than Trading Made Simple, simply open a new thread.

Lastly, if you need a reference point of performance of TMS, I hope I can contribute a bit.
Note that TMS is a discretionary method, so each trader perform differently. It is just my result as one of the numerous TMS traders. This started since Feb, as a hobby trader.

*Add: to clarify, I also get BE+ trades which are counted as winning trades in MT4 since they closed with profit like $0.15. Haven't really count, maybe ~15% give or take. If say exclude 20% from calculation if only take win/loss, that is 60 winning trades off the equation. Total trades would be ~230 and win rate drops to ~80%.

Trade Well

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  • #122,414
  • Jul 12, 2021 8:30am Jul 12, 2021 8:30am
Quoting emmanuel7788
{quote} LOL. More of your fantasy stories coming from voices in your head. Too many voices in your head. Did you really read all of Big E's post in Forex Factory? Show us the posts how this thread got its title "Trading Made Simple"? Thank you for your personal IMT donations to the market. No matter how small your donations, it adds up to all the retail traders losses. FF Members are discerning not to trade your failed trading system IMT.
More of your fantasy stories
Fantasy stories? LOL. So now quotes from the posts that you and BigE made are fantasy stories. You have really lost touch with reality--again.

Or are you saying that both you and BigE were just spinning fantasy stories when you made those posts?
To free Gazans of Hamas, use whatever it takes.
  • #122,415
  • Jul 12, 2021 8:35am Jul 12, 2021 8:35am
Quoting doanchiendau
This is a great system...... EA and monitor not working for me {image}
Good work!

Green pips to you!
  • #122,416
  • Jul 12, 2021 8:39am Jul 12, 2021 8:39am
Quoting doanchiendau
This is a great system...... EA and monitor not working for me {image}
EA and monitor not working for me.
That is to your advantage. Keep it that way and continue whatever you are doing. You have the proof that you do not need them.
To free Gazans of Hamas, use whatever it takes.
  • #122,417
  • Edited 10:40am Jul 12, 2021 8:41am | Edited 10:40am
Quoting tommydoginti
{quote} I am just curious why you want to prove something works or not in a Trading System thread...? This is a thread about Trading Made Simple. I am not here to say this is better or worse than any other systems. What I concern is to learn and practice BigE's Trading Made Simple system. I previously pointed out some misconceptions of Emmanuel that hinders his trading profitability. On the other hand, there are so many irrelevant trading tools, gambling EAs circulating in this thread which not only are not useful, but also cause confusion to readers....
Keep doing what you're doing!!
To free Gazans of Hamas, use whatever it takes.
  • #122,418
  • Jul 12, 2021 9:26am Jul 12, 2021 9:26am
Quoting tommydoginti
Ok ok let’s focus on trading Sell GU on TDI green bounce red. TP hit. {image}
The three amigos showed reversal setups. But EU was a cleaner one

Buy EU at TDI green cross red upon strong rejection. TP moved one more minor level higher.

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  • #122,419
  • Jul 12, 2021 5:23pm Jul 12, 2021 5:23pm
Quoting tommydoginti
{quote} Hi Ryu, The rules of Trading Made Simple are laid out by BigE throughout his posts. Some people don't have the intelligence to differentiate TMS as a system and BigE as a trader trading the system, mistaking (for years) someone's habit as the RULE. The way I practice TMS can be found in the following posts by BigE, not made up by me /
"Some people don't have the intelligence to differentiate TMS as a system and BigE as a trader trading the system, mistaking (for years) someone's habit as the RULE."

@tommydogie

making insults at others will not make you a better trader.

learn from the good trading habits of the OP Big E. those habits are what made him a good trader and good person helping others to lean to trade.

focus on your own trading with your RSI(13)>MA(2)>MA(7).

If Big E had wanted us to trade with the MT4 platform RSI(13)>MA(2)>MA(7), he would not have used Dean Malone' original Traders_Dynamic_Index in 2006.
Then we would NOT have the TDI as heart of the method.

You can continue to post and show off how you trade with your RSI(13)>MA(2)>MA(7) and your chart is not following this thread' OP aka Big E chart template.

Good luck!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,420
  • Jul 12, 2021 5:24pm Jul 12, 2021 5:24pm
Quoting ryuryu
{quote} In most cases that approach just works. But in rare situation price can reverse or pullback. So you have to manage your position. {image} Red arrow is entry. Because candle open was > Asian Low, candle close > Asian Low. It was 13:00 icmarkets server time, so it is it working hours range (10:00-17:00). Yellow arrow is the middle between Asian High and Asian Low. I'm placing same size same direction order after position opened. Here it is for example 1 lot size short at red arrow and 1 lot size short at yellow. If the price will reverse and...

Thank you for the explanation

Stay safe and healthy.
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