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Trading Made Simple

  • #122,421
  • Jul 12, 2021 5:37pm Jul 12, 2021 5:37pm
Quoting tommydoginti
{quote} 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. {image}{image}

Your mobile chart is not following Big E' chart template - without the 5-EMA, Typical Price, SHift+2(+3) and Stoch(8,3,3) and the original TDI 2006.

Since you are trading with MT4 broker, why don't you simply post your MT4 charts running on your PC? why this smoke and mirror?

Attached Image (click to enlarge)
Click to Enlarge Name: tommydogie EU M15 13-7-2021 6-29-11 am.png Size: 100 KB


Below is my PC running MT4 and I have an EA to take screenshot and sent as attachment to emails, Telegram, etc. as trade setup alerts.
This way members can receive and see the MT4 charts according to Big E' original TMS 5-Method and the can make their analysis and make own trade decisions.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15_2021.07.12 12_30 original TMS chart.gif Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,422
  • Jul 12, 2021 6:07pm Jul 12, 2021 6:07pm
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$...
Hi Ryuryu,
I totally agree with you,
Maybe it was simple to BigE because he knew things after being in the market for a long time and studying old charts that he developed that feel of the market when he looks at charts but unfortunately he can't teach that feeling everyone needs to build it himslef. He can only help by saying what he is seeing at a certain moment on the chart but after that moment its all on you.
It's more than TDI cross and price crossing 5ema, it is beyond that.
Learning trading can be done, yes i saw people here making money on daily basis but every game has its own rules and trading requires time and money.
Trading is not for everyone. Everyone needs to meet those requirements to succeed. 1+1=2
Peace.
  • #122,423
  • Jul 12, 2021 6:09pm Jul 12, 2021 6:09pm
GU Jul 13 Sydney 9am

- watching price action at BRN 1.3900 for today' trading

- yesterday tested during the Asian session and re-tested during London-New York sessions.

- H4 has a big and small candle, Inside Bar with Mother Bar ...consolidation...4hr traders will look at this opportunity for a potential breakout.


Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul13 M15 SYD9am 13-7-2021 7-03-34 am.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,424
  • Jul 12, 2021 6:25pm Jul 12, 2021 6:25pm
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$...
Words from the old and wise:

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.
Yes! Tried and tested by many.

2. There is nothing to learn.
True! learn EVERYTHING and move on.

3. It will fail in ranging market and ranging market is ~86% all the time.
True! Worst performing in narrow ranged and choppy market conditions.

4. TDI can be replaced with any other oscillator it doesn't matter.
True! You can replace the TDI and trade without it. The OP said so himself.

5. Trading can't be simple. It is not.
True! The thread title is misleading but it was suggested by another member in the old thread.

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. That's why EAs are prohibited here, because it will show the real things.
True! Traded since 2011 and followed the entry and exit from Big E posts, the win rate was below 50%. But when I changed to multiple entries and multiple exits, the profits improved using low risk trading ideas.

It is possible to increase TMS winrate over 50%. It need some enhancements must be maid first. Yes! Done!

But hey, I hear angry voices about originality, respect, that we can't change the settings and must only follow the original TMS rules. Personally I don't see any purpose to ride the dead horse. Remember: old systems can't be good just because they are old. Old people are not always smart just because they are old.
'angry voices' have their belief systems built-in them, and they have not the experience to show people they can make money. The saying "empty vessels make the most noise".

Big E Post#296 still true today and over the last 10 years after he died.

"Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly.

Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live.

Learn to tweek your strategy to stay up with changing market conditions."
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,425
  • Jul 12, 2021 6:51pm Jul 12, 2021 6:51pm
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....

when you make your first $2k,

then open a kedge account and trade one pair EU with Blessing3 { here }.

for every $2k profit, increase another pair GU. and trade Blessing3.

until you reached $10k, you can trade 5 pairs at the same time.

when I made $10k profits, I open a $10k kedge account, I trade one pair ... EU like this { here }

when I made $50k, I trade 5 pairs in one kedge account and grow that $50k to $400k in 3 years trading cycle.

I started this trading game in 2012.
Every 3 years I grow an account. 2012-2014, 2015-2017, 2018-2020, now I am in 2021 - 2023.

Do you know what your Stop Loss is when trading a $50K account?

How many times can you cut-losses short in a 3 years trading cycle?

Do you know what is a kedge account? do not confuse kedge with hedge.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,426
  • Jul 12, 2021 7:00pm Jul 12, 2021 7:00pm
Quoting doanchiendau
This is a great system...... EA and monitor not working for me {image}

I know why "EA and monitor not working for ..." for you.

from my last 10 years experience trading with EAs,

several possible reasons,
a) market timing and trading hours
b) the trade window size not optimized
c) entries and exits setting options

Attached Image (click to enlarge)
Click to Enlarge Name: doanchiendau trades 13-7-2021 7-53-55 am.png Size: 147 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,427
  • Jul 12, 2021 7:59pm Jul 12, 2021 7:59pm
Quoting emmanuel7788
{quote} when you make your first $2k, then open a kedge account and trade one pair EU with Blessing3 { here }. for every $2k profit, increase another pair GU. and trade Blessing3. until you reached $10k, you can trade 5 pairs at the same time. when I made $10k profits, I open a $10k kedge account, I trade one pair ... EU like this { here } when I made $50k, I trade 5 pairs in one kedge account and...

Do you know what is a kedge account? do not confuse kedge with hedge.

If you want to know what a kedge account is, then read this

this Money Management Report {< click },

and this post { link } .

Also read this important old Post#118,889

and Big E' Post#557.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,428
  • Edited 8:38pm Jul 12, 2021 8:20pm | Edited 8:38pm
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...



it is trading made simple too!

Attached Image (click to enlarge)
Click to Enlarge Name: ryuryu GU H1 example 13-7-2021 9-17-49 am.png Size: 80 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,429
  • Jul 12, 2021 8:32pm Jul 12, 2021 8:32pm
Quoting DrDave
{quote}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...
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.

You can trade without the Stoch and TDI, and also without any MACD.
You can simply use Force Market Condition FMC setting.

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.
Big E' 5-method will fail in very narrow ranged and choppy market conditions.

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


Hmmn..
You can replicate the TDI with other indicators in the sub-window.
TDI can also be replaced with two moving averages on price chart. That's simple enough.

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.

Well, a timed-tested expert advisor like Blessing3, will produce good profits with low risk trading ideas and when the trader knows when to set the FMC in 1) above. You have to use a kedge account and that is very low risk too trading with banked-in profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,430
  • Edited 11:27pm Jul 12, 2021 11:03pm | Edited 11:27pm
Thank you Dave and Emma
Green Tomi
  • #122,431
  • Jul 12, 2021 11:58pm Jul 12, 2021 11:58pm
Quoting emmanuel7788
{quote} *** LIVE Trading *** Jul 12 Tokyo session and London session hey TMS Folks remember, I will trade these selected pairs this week: see previous post links AU https://www.forexfactory.com/thread/...2#post13621012 EJ https://www.forexfactory.com/thread/...4#post13621014 EA https://www.forexfactory.com/thread/...9#post13621009 EG https://www.forexfactory.com/thread/...7#post13621017 GN https://www.forexfactory.com/thread/...6#post13621016
Quoting emmanuel7788
{quote} correctio: should be UJ ... UJ Jul 12 H4 - waiting for a sell setup

UJ Jul 13 H1 Tokyo 5H 1PM

- yesterday did not find any good setup

- today would not be easy either as it looks now ... support & resistance PPA

- be prepared for some movement before US CPI, seems like some positive sentiments in the US markets.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jul 13 support&resistance PPA 13-7-2021 12-44-30 pm.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,432
  • Jul 13, 2021 12:02am Jul 13, 2021 12:02am
AJ Jul 13 H1 Tokyo 2PM

- this looks cleaner and easier ...

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Jul 13 H1 Tokyo 2PM 13-7-2021 1-00-35 pm.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,433
  • Jul 13, 2021 12:05am Jul 13, 2021 12:05am
Quoting emmanuel7788
{quote} *** LIVE Trading *** Jul 12 Tokyo session and London session hey TMS Folks remember, I will trade these selected pairs this week: see previous post links AU https://www.forexfactory.com/thread/...2#post13621012 EJ https://www.forexfactory.com/thread/...4#post13621014 EA https://www.forexfactory.com/thread/...9#post13621009 EG https://www.forexfactory.com/thread/...7#post13621017 GN https://www.forexfactory.com/thread/...6#post13621016

AU Jul 13 H1 Tokyo 2PM

- more 'empty space' above for upside move

Attached Image (click to enlarge)
Click to Enlarge Name: AU Jul 13 H1 Tokyo 2PM 13-7-2021 1-03-27 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,434
  • Jul 13, 2021 12:10am Jul 13, 2021 12:10am
EU Jul 13 H1 Tokyo2PM

- a swing high with REVERSAL candle + Stoch cross signal

- would you take some risk and sell into the Day Open "support"?

- and with Frankfurt open in one hour...

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jul 13 H1 Tokyo2PM 13-7-2021 1-08-50 pm.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,435
  • Jul 13, 2021 12:36am Jul 13, 2021 12:36am
Quoting emmanuel7788
GU Jul 13 Sydney 9am - watching price action at BRN 1.3900 for today' trading - yesterday tested during the Asian session and re-tested during London-New York sessions. - H4 has a big and small candle, Inside Bar with Mother Bar ...consolidation...4hr traders will look at this opportunity for a potential breakout. {image}

GU Jul 13 H1 Tokyo2PM

- look to buy the next break up


Attached Image (click to enlarge)
Click to Enlarge Name: GU Jul 13 H1 Tokyo2PM BRN139000 13-7-2021 1-30-18 pm.png Size: 68 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,436
  • Jul 13, 2021 1:04am Jul 13, 2021 1:04am
Quoting emmanuel7788
{quote} Words from the old and wise: 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. Yes! Tried and tested by many. 2. There is nothing to learn. True! learn EVERYTHING and move on. 3. It will fail in ranging market and ranging market is ~86% all the time. True! Worst performing in narrow ranged and choppy market conditions. 4. TDI can be replaced with...
hi EMM
Thanks for your honest opinion, I agree.
MA provides the market's current direction and strength.
  • #122,437
  • Jul 13, 2021 1:16am Jul 13, 2021 1:16am
Quoting emmanuel7788
{quote} it is trading made simple too! {image}
Hello Emmanuel, you always share some really intriguing ideas and useful tools. Very much appreciated. Could you share the Asian high and low indicator. Mind sharing how it works too?! TIA.
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #122,438
  • Jul 13, 2021 1:22am Jul 13, 2021 1:22am
Quoting ladharimoham
{quote} Hi Ryuryu, I totally agree with you, Maybe it was simple to BigE because he knew things after being in the market for a long time and studying old charts that he developed that feel of the market when he looks at charts but unfortunately he can't teach that feeling everyone needs to build it himslef. He can only help by saying what he is seeing at a certain moment on the chart but after that moment its all on you. It's more than TDI cross and price crossing 5ema, it is beyond that. Learning trading can be done, yes i saw people here making...

You got it right!

BigE has developed the Trading Made Simple with TDI green and red line (RSI 13 MA2/7) and a couple tools for others to start learning his understanding towards the market.

In his post he mentioned all tools can be stripped, but TDI would be the last to be removed, echoing his point that TDI is the heart of TMS.

Then it is the traders own due diligence to learn from
BigE’s posts and charts.

In #647 and a few other posts, BigE has mentioned his approaches in PA analysis. Notice there are two main characteristics here.
1. No additional indi was used by BigE.
2. Candlestick pattern was not used by BigE.

Now I can see some traders advocate additional/alternative indi, EAs, approaches that BigE didn’t use proven by his charts. Those are the smoke and mirror that mislead readers into a path other than towards the TMS.

I can only say from my experience. I am still learning and practicing, but I had two Eureka moments, one in Jan as I decided to practice TMS, and one in April when I saw improvement in entry accuracy after applying one of the approaches in #647. A few suggestions.

1. Read and learn from BigE’s posts only.
2. As you progress in practicing TMS, your chart should have less and less indi (also no EA) instead of switching to another or worse, adding
3. TMS is focused on entry. You should aim at improving your accuracy in trade entry, not work the other way around. Imagine you can improve your PA analysis skill and win rate by 5% THEN apply management strategies to further boost your win rate. Well begun is half done.
4. Trading is difficult but not complicated. The challenge is develop your ability to distill the vast amount of trading knowledge into a simple strategy and exercise with discipline.

Learning curve for trading is already very steep, not worth to further detour your journey.
We have seen traders spending years on FF, desperately looking for new indi and strategies so frequently, or being lazy and got scammed.
  • #122,439
  • Jul 13, 2021 1:28am Jul 13, 2021 1:28am
Quoting tommydoginti
TMS strategy: #1 Indicator download: #25 Look for posts from noise: #116,225 This is to explain the identity of the TDI Green & Red lines used by BigE in his Trading Made Simple. Once you know the settings, it is not limited to use MT4 for charting platform. Also, this post is intended to whoever is dumb and ignorant enough to mess up TDI with other methods (e.g. Blessing3, Fozzi) after 10 years of trading (wow!). There is only smack talk, how hollow are they... Back to...

What are the TDI green and red line in the original TMS template?

A: look at the source code of the TDI green red in #25 used by BigE

On #25, and also a couple variation shared in recent posts, are the (TMS) TDI MT4 indicators. The source codes can be viewed. Line #19-24, #82-83, defined the Green and Red lines. It is based on default setup of TDI RSA Fast and Slow MA. TMS does not require other parameters in the TDI except these two MAs.
RSI: close, 13
Green (Fast MA): SMA, 2
Red (Slow MA): SMA, 7

Below is a quick guide on how to put on the TDI green and red line on Mobile MT4 charts for those who use phones to trade.

https://forex-station.com/viewtopic.php?t=8473231
  • #122,440
  • Jul 13, 2021 1:28am Jul 13, 2021 1:28am
If you trade M5 US30, you will see you get at list 100 TDI cross every day in your chart, what do you expect out of 100 tdi cross how many of them give you 1 to 2.5 RR. You get the point now?
You have to find out good trade, how you find out those good trade that is very good question.
1. you can find good trade by understanding market structure and momentum.
2. you can find good trade by understanding trend and expected force move with the directions of the trend.
3. you can find good trade by understanding the time of the day, fundamental driver that drive trading sentiment.
4. when directional volatility is not present, no matter which indicator you use you will lose trade. You can increase you stop to not lose much again it come with trade off between risk and reward. if you reduce lose by using large stop you will find large dd with few stop out trade.
The main point is here you have to learn other things beside TDI. And you have to accept loss and you have to work hard by having journal,
Do you ask your self why EMM post so many chart here because he use those chart as a journal that improve his trading.
MA provides the market's current direction and strength.
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