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Trading Made Simple

  • #122,441
  • Edited 1:54am Jul 13, 2021 1:35am | Edited 1:54am
Quoting Nonip
{quote} 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.
Hello

Big E uploaded the AsianSession.ex4 in his old thread:
Post#24

https://www.forexfactory.com/thread/...12#post3302012

The Asian session high-low is what the Tokyo Channel is.

How to day trade with the Tokyo Channel (Asian channel) is in his Post#97. It is quite simple. Once we understand it, it is all a matter of trading discipline and excution. The Money Management is what we need to consider and make that a part of the system.
You use the APB/HA candles and the 5EMA. No need to TDI. The Stoch(8,3,3) %K cross %D is the signal for the reversal setup.

Post#97:

Rules


　

1. London Market Trading - GBP/USD - 15 Minute Chart

2. Print out News Calendar - No trades 30 minutes before or after news.
If your in a trade - either exit or really tighten stop Loss.

3. Use Fractals on your chart to visually see and measure swings.

4. Put Tokyo Channel on your Charts - - - 40+ pip spread hi/lo minimum before trading. *** Very Important.

5. Swings should average 20 to 40 pips or more.

6. Enter on second candle using top/bottom of first candle for entry level. Use Buy stop or Sell Stop orders.

7. Exit on big numbers of 00 or 10 or 20 or 35 or 50 or 65 or 80 or 90.
These numbers are your target levels.

8. Lost Trade - Re-enter on the next swing doubling your lot size.
If second trade loses go back to normal lot size.

Swings average 20 to 40 pips on 15 minute time frame. On other time frames the swing size will be different.

**Highest ODDS for profit is trading the EURO Open, London Open and N.Y. Open on the GBP/USD 15 minute chart. Generally it may vary 15 minutes either side of those times. Happens about 3-4 days a week. Longer swings. **

Always trade on a Demo Account when learning new information. Don't risk your trading funds without completely understanding this or others information... Demo trade only.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,442
  • Jul 13, 2021 1:47am Jul 13, 2021 1:47am
Tokyo Channel is basically
Asian session range, some people use first 6 hour as a Tokyo channel, some people use first 7 or 5 hours of the the day as a channel.
if your in M5 chart first 60 bar you can use as a channel, after drawing the channel you have 2 work, one you can trade break out, two is you can trade false break out.
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MA provides the market's current direction and strength.
  • #122,443
  • Jul 13, 2021 1:54am Jul 13, 2021 1:54am
Quoting tommydoginti
{quote} 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...
Fact: Big E downloaded the Traders_Dynamic_Index 2006 from CompassFX. He stripped all the other lines and only use the green and red lines.


Also

Post#541
As I've stated may times here... When green crosses red I'm ready to enter the trade... yellow line has nothing to do with entries. Enter on candle 1 or 2 only... after that look for another pair/trade.

and Post#4742

You asked me about that last trade I posted:

As I saw the TDI Green make a second attempt to go short I looked to the left on the TDI to where it had gone previously short and I expected it to go about that far...

Make sure you look at your TDI guys like it's PA.

I Love to take trades from the 68 short or the 32 long.... seems like a higher percentage of success.

Anyone else notice that...

Feel free to use the yellow line on the TDI if it gives you more confidence. I just never have.

I'm wanting your success any way I can help you...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,444
  • Jul 13, 2021 1:55am Jul 13, 2021 1:55am
Inserted Video
MA provides the market's current direction and strength.
  • #122,445
  • Jul 13, 2021 2:00am Jul 13, 2021 2:00am
Quoting tommydoginti
{quote} 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...

Here is the answer to technical query on putting on the TDI green and red lines on mobile MT4

Put on the RSI (13). Can change Color to chart background Color and it’ll be hidden. Then apply the 2 MAs

Remember the MAs are applied to “first indicator’s data” which is the RSI (13)


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  • #122,446
  • Jul 13, 2021 2:04am Jul 13, 2021 2:04am
Quoting hasib
https://youtu.be/bov9W02ZR_0

nothing new under the sun.

every two years, some one new to trading will come here and start all over again to be the teacher of Big E' original TMS.

I have seen it happen and repeats over and over again in the last 10 years after Big E died.

I recall this bloke { here } and { here } ...

the rooster will crow tomorrow and the sun will rise again ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,447
  • Jul 13, 2021 2:15am Jul 13, 2021 2:15am
Quoting tommydoginti
{quote} Here is the answer to technical query on putting on the TDI green and red lines on mobile MT4 Put on the RSI (13). Can change Color to chart background Color and it’ll be hidden. Then apply the 2 MAs Remember the MAs are applied to “first indicator’s data” which is the RSI (13) {image}{image}
did you read this thread?

other senior member had already shared this

{ here } and { here } and { here }

do you know something basic about forex that has helped you and want to share with us? Big E Post#670
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,448
  • Jul 13, 2021 2:32am Jul 13, 2021 2:32am
Quoting tommydoginti
{quote} 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....

@tommydogie

Read Big E' Post#7084 that was July 05, 2011

"
To All -

2scoops is one of the oldest traders for our method. He understands more than most. He works hard to help you all and deserves your respect. When he posts... pay attention. He will help you become successful. I consider him AAA+++. Thank you 2scoops.
"

where is 2scoops now?
go to his profile : https://www.forexfactory.com/2scoops

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there are many others ... senior members, pioneer members, etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,449
  • Jul 13, 2021 3:31am Jul 13, 2021 3:31am
Quoting emmanuel7788
{quote} @tommydogie Read Big E' Post#7084 that was July 05, 2011 " To All - 2scoops is one of the oldest traders for our method. He understands more than most. He works hard to help you all and deserves your respect. When he posts... pay attention. He will help you become successful. I consider him AAA+++. Thank you 2scoops. " where is 2scoops now? go to his profile : https://www.forexfactory.com/2scoops {image} there are many others ... senior members, pioneer...
Understanding and learn from others. Even their failure are good lessons to What should not be done in learning TMS.

Lets look at how 2scoop progressed his trading journey...

How he traded Trading Made Simple system in the beginning {Link}
Very clean chart, only included the tools suggested by BigE in the original TMS

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What happened later? {Link}
(Which thread did he moved to?)

1) He put on more and more indicators on his chart
2) He used EAs for trade signal indications
3) He used EAs for trade executions

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Eventually, he turned from a profitable trader to a losing one and left trading.


I do not know if there is correlations between his journey to complicate his TMS and eventual failure.
But it is wise not to walk the same path as those who have failed.

2Scoops' story echoes my advice in this post
1) Don't complicate things. Learn to use the TMS tools, and work you way to SIMPLIFY (i.e. strip) it with more in deep trading knowledge as you progress
2) Don't use EAs. It is both the OP's request to be respected, and your trading skill that is limited by using EAs on a discretionary system.

Trade well.
  • #122,450
  • Jul 13, 2021 3:32am Jul 13, 2021 3:32am
Quoting emmanuel7788
{quote} Hello Big E uploaded the AsianSession.ex4 in his old thread: Post#24 https://www.forexfactory.com/thread/...12#post3302012 The Asian session high-low is what the Tokyo Channel is. How to day trade with the Tokyo Channel (Asian channel) is in his Post#97. It is quite simple. Once we understand it, it is all a matter of trading discipline and excution. The Money Management is what we need to consider and make that a part of the system. You use the APB/HA...
nothing new under the sun.

every few days, someone with ego problems will post here and start all over again to be the teacher of Big E's material.

I have seen it happen and repeat over and over again in the last 10 years after Big E died.

I recall this bloke {here } ...

the rooster will crow tomorrow and the sun will rise again ...
To free Gazans of Hamas, use whatever it takes.
  • #122,451
  • Jul 13, 2021 4:06am Jul 13, 2021 4:06am
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

*** LIVE Trading *** Jul 13 London session

TMS Monitor Jul 13 H4 2Am PDT Big E' 4hr trading

- a few good ones ...

- we have the trade window open now if you are not in any trade.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,452
  • Jul 13, 2021 4:09am Jul 13, 2021 4:09am
Quoting tommydoginti
{quote} Understanding and learn from others. Even their failure are good lessons to What should not be done in learning TMS. Lets look at how 2scoop progressed his trading journey... How he traded Trading Made Simple system in the beginning {Link} Very clean chart, only included the tools suggested by BigE in the original TMS {image} What happened later? {Link} (Which...

@tommudogie

that wasn't the cause nor reason why he left trading. you jumped to conclusion too soon.

read on and you will learn more about 2scoops and others too.

you have plenty of time to read this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,453
  • Jul 13, 2021 4:28am Jul 13, 2021 4:28am
Quoting emmanuel7788
{quote} *** LIVE Trading *** Jul 13 London session TMS Monitor Jul 13 H4 2Am PDT Big E' 4hr trading - a few good ones ... - we have the trade window open now if you are not in any trade. {image}
Post#647: Price Action trading ...

- example Bearish Engulfing Outside Bar BEEOB

- 5-bars Swing High + REVERSAL candle with Stochastic (8,3,3,) %K cross %d signal

- did TDI confirm ? you can see and decide


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,454
  • Jul 13, 2021 4:45am Jul 13, 2021 4:45am
Seems like ltf trading is impossible now
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MA provides the market's current direction and strength.
  • #122,455
  • Jul 13, 2021 4:57am Jul 13, 2021 4:57am
Quoting emmanuel7788
{quote} *** LIVE Trading Talking*** Jul 13 London session TMS Monitor Jul 13 H4 2Am PDT Big E' 4hr trading - a few good ones ... - we have the trade window open now if you are not in any trade. {image}
*** LIVE Trading Talking ***
No trades taken at all, just talking.
To free Gazans of Hamas, use whatever it takes.
  • #122,456
  • Jul 13, 2021 5:01am Jul 13, 2021 5:01am
Quoting emmanuel7788
{quote} @tommudogie that wasn't the cause nor reason why he left trading. you jumped to conclusion too soon. read on and you will learn more about 2scoops and others too. you have plenty of time to read this thread.
Quoting Vincint
@tommudogie

that wasn't the cause nor reason why he left trading. you jumped to conclusion too soon.

read on and you will learn more about 2scoops and others too.

you have plenty of time to read this thread.
More click bait. The reality is, Vincent has no clue why 2scoops left, but he can keep the naive on the hook, waiting for a reveal that will never come.
To free Gazans of Hamas, use whatever it takes.
  • #122,457
  • Jul 13, 2021 5:08am Jul 13, 2021 5:08am
1. Is there a TDI green cross red down? If yes,
2. Does stoch confirm direction? If yes
3. Evaluate entrance criteria such as,
is price near a recent S/R? If yes, this is not an A+++ setup; consider moving on.
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To free Gazans of Hamas, use whatever it takes.
  • #122,458
  • Jul 13, 2021 5:18am Jul 13, 2021 5:18am
Quoting hasib
Seems like ltf trading is impossible now {image}
No, LTF trading is not impossible now at all. You can place trades. Try it; you will see that your broker will accept them.

Perhaps you mean that according to the rules of your specific system, the present conditions do not present entry opportunities.

On M15 on this down swing, if price stays above about 34950 and then swings up, check for possible sell continuation entries when the upswing ends.

If price closes below about 34950, it is likely that selling has resumed , so look for sell entries.
To free Gazans of Hamas, use whatever it takes.
  • #122,459
  • Jul 13, 2021 5:55am Jul 13, 2021 5:55am
Quoting emmanuel7788
{quote} *** LIVE Trading *** Jul 13 London session TMS Monitor Jul 13 H4 2Am PDT Big E' 4hr trading - a few good ones ... - we have the trade window open now if you are not in any trade. {image}
*** LIVE Trading *** H4 Jul 13 London session Big E 4hr trading

- H1 trade window still open

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,460
  • Jul 13, 2021 5:57am Jul 13, 2021 5:57am
Quoting emmanuel7788
{quote} *** LIVE Trading *** H4 Jul 13 London session Big E 4hr trading - H1 trade window still open {image}

GN H4 Jul 13 London 12PM

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