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Trading Made Simple

  • #123,721
  • Aug 28, 2021 10:11pm Aug 28, 2021 10:11pm
Quoting tommydoginti
{quote} Thanks Kirinda, I usually look for price levels at HTF and take into considerations of strong supports and resistances evidenced by multiple rejections previously #647 Rejection at previous High/Low The SELL was trading away from strong resistance. Next support is at 1.36800 as strong support in Apr. trade well {image}
US30

Same simple concept applied.

BigE’s Trading Made Simple has simple entry and exit rules.

for new traders, follow the guidelines by BigE.

1. TDI green red line —-> cross
(#647 PA analysis)
2. Previous High/Low —-> Low
3. Rejection at previous High/Low ——> rejection at higher low
4. Trend, long and short term —-> Up. Expect price to move up and form a HH

Keep it simple and apply instructions by BigE

Attached Image (click to enlarge)
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Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #123,722
  • Aug 28, 2021 10:17pm Aug 28, 2021 10:17pm
Quoting eelfranz
Alright all you party animals trying to recover from last night... or longer... Last couple of pages has covered many different topics... well, touched base anyway.... 2scoops... on post 2594... 2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2...
BigE told traders the way to progress with the Trading Made Simple method is to use discretionary Price Action analysis (with TDI at most)

#647 has detailed the PA elements used by BigE.

Less is more. Focus on learning the few elements, and the progression will be much smoother and quicker

Happy trading

2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...
  • #123,723
  • Aug 28, 2021 10:20pm Aug 28, 2021 10:20pm
Quoting tommydoginti
{quote} NZDJPY. BigE’s Trading Made Simple has simple entry and exit rules. for new traders, follow the guidelines by BigE. 1. TDI green red line —-> cross (#647 PA analysis) 2. Previous High/Low —-> Low 3. Rejection at previous High/Low ——> rejection at higher low 4. Trend, long and short term —-> Up. Expect price to move up and form a HH {image} Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader #1718 All this extra crap does nothing...
AUDJPY


BigE’s Trading Made Simple has simple entry and exit rules.

for new traders, follow the guidelines by BigE.

1. TDI green red line —-> cross
(#647 PA analysis)
2. Previous High/Low —-> Low
3. Rejection at previous High/Low ——> rejection at higher low
4. Trend, long and short term —-> Up. Expect price to move up and form a HH

Attached Image (click to enlarge)
Click to Enlarge Name: 4E9AD3FF-F9CF-4940-9BE6-D65302519E65.jpeg Size: 316 KB


Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #123,724
  • Aug 28, 2021 10:27pm Aug 28, 2021 10:27pm
Here is a summary of BigE’s TMS

Applying only elements of BigE’s is the path to success. By then you can develop further from there

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. Flexible time frames and time of day that suit traders --- #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. 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. 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
  • #123,725
  • Aug 28, 2021 10:31pm Aug 28, 2021 10:31pm
Quoting tommydoginti
Here is a summary of BigE’s TMS Applying only elements of BigE’s is the path to success 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. Flexible time frames and time of day that suit traders --- #644, #1170,...

"Here is a summary of BigE’s TMS"

@tommydogie

this is : Introduction to Trading Made Simple aka TMS

To learn what Trading Made Simple is, you have to follow the trading journey of the OP eelfranz aka Big E. He started in FF as a newbie in 2008.
Know the TMS history and you will learn a lot from the OP and when you have mastered his 5-Method, you can then move on and develop your own trading system following how he did his. Many traders have moved on to trade their own systems.

Trading Made Simple for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110

Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,

After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432

In Post#1, he explained how he traded the H4 chart timeframe and he also traded the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template Post#25
When you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHS thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new system.

Recommendations:
Read all of Big E posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.

Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.

Important to Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

Big E was a rules-based discretionary trader. According to studies by Dr Van K Tharp this rules-based discretionary are the best traders,

Enjoy and Have fun during your learning journey...

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,726
  • Aug 28, 2021 10:41pm Aug 28, 2021 10:41pm
Quoting tommydoginti
{quote} AUDJPY BigE’s Trading Made Simple has simple entry and exit rules. for new traders, follow the guidelines by BigE. 1. TDI green red line —-> cross (#647 PA analysis) 2. Previous High/Low —-> Low 3. Rejection at previous High/Low ——> rejection at higher low 4. Trend, long and short term —-> Up. Expect price to move up and form a HH {image} Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader #1718 All this extra crap does nothing...
@tommydogie

thanks for the hindsight training chart.
and thanks for the laughs.

Hindsight is 20:20

With hindsight, anyone can teach others how to trade Big E TMS and his 5-Method.

on AUDJPY H1 chart below , many Big E perfect setups #7205

> see how many 5-bars swing highs swing lows, aka True REVERSAL
> see how many Phx62 PCRF setups 3 bars swing high/swing low reversal
> see how many Inside Bar setup and breakout, count them
> did you see any DBLHC and DBHLC setups
> did you see any Inside Bar with Outside Bar setups aka POP Gun

> how often do we see setups occur at BRN 00 and RN 50 price levels

you will get very rich paper trading with hindsight chart on a weekend.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,727
  • Aug 28, 2021 10:43pm Aug 28, 2021 10:43pm
Quoting tommydoginti
{quote} Lest not forget the importance and the hard work devoted by the FF admin team. Thanks to them, contents with violation of CoC are dealt with and provide FF members a better place to learn and exchange knowledge {image}

LOL.

Thanks for another weekend laugh.

Post#24
@tommydogie
"blocked from posting on this thread, useless posts and images that are a pain to look at."

by the OP of this thread "Big E's Trading Made Simple - Chart Analysis" in Interactive Trading thread.

posting hindsight chart with fake trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,728
  • Aug 28, 2021 10:45pm Aug 28, 2021 10:45pm
Quoting tommydoginti
{quote} US30 Same simple concept applied. BigE’s Trading Made Simple has simple entry and exit rules. for new traders, follow the guidelines by BigE. 1. TDI green red line —-> cross (#647 PA analysis) 2. Previous High/Low —-> Low 3. Rejection at previous High/Low ——> rejection at higher low 4. Trend, long and short term —-> Up. Expect price to move up and form a HH Keep it simple and apply instructions by BigE {image} Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit...

US30

Big E you can trade without the TDI

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011

#296 Nov 4, 2008

he also shared these
#681
using an RSI (13) with a 50% line

#504
use a RSI(3)

Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,729
  • Aug 29, 2021 12:42am Aug 29, 2021 12:42am
Quoting hasib
{quote} {image}
First you post a chart without TDI.
> Member had to ask for TDI crossover.
Now the question are:
> Did you (Hasib) really entered a buy trade on D1?
>> Lower timeframe - (Maybe?)
> What made you enter a buy trade at that level?
>> S/R level, Fibo, pivot, other method????

Only you will know which timeframe/rules/method you use to enter where you did.

Making the assumption that you will use any reason to discredit TDI.

Why? H4 TDI had a buy crossover where you placed your buy order.
(charts refreshed)
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  • #123,730
  • Aug 29, 2021 1:11am Aug 29, 2021 1:11am
The kettle calling the pot black???
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  • #123,731
  • Aug 29, 2021 1:45am Aug 29, 2021 1:45am
Quoting Tekkies
The kettle calling the pot black??? {image}

@Tekkies

LOL. So @tommydogie is your black pot. You must be the tea cup then. LOL.

you are wrong again!

as usual it is your poor reading skills and not following that thread from the first post when it was started.

dzimidula started his thread in Trading Systems....

that thread was moved to Interactive Trading and it was supposed to be live trading discussion but dzimidula wants only to post closed trades.

but if that is Interactive Trading, then I would be posting live trades when I open as I did but the OP did not want that. He wants post open and closed real trades.

@tommydogie got banned by the OP of that thread because he did not read Post#1. He posted hindsight charts with fake trades. So he was removed by the OP dzimidula.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,732
  • Aug 29, 2021 1:54am Aug 29, 2021 1:54am
Quoting Tekkies
{quote} First you post a chart without TDI. > Member had to ask for TDI crossover. Now the question are: > Did you (Hasib) really entered a buy trade on D1? >> Lower timeframe - (Maybe?) > What made you enter a buy trade at that level? >> S/R level, Fibo, pivot, other method???? Only you will know which timeframe/rules/method you use to enter where you did. Making the assumption that you will use any reason to discredit TDI. Why? H4 TDI had a buy crossover where you placed your buy order. (charts refreshed) {image}

"Making the assumption that you will use any reason to discredit TDI. Why?"

@Tekkies

I do not think hasib was making assumption to discredit the TDI.

He merely listen to Big E and learn to trade without the TDI and he trades the US30 indices.

You should read, study these Big E' old posts and figure out why he made those posts.

Big E you can trade without the TDI

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011

#296 Nov 4, 2008

he also shared these
#681
using an RSI (13) with a 50% line

#504
use a RSI(3)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,733
  • Aug 29, 2021 1:58am Aug 29, 2021 1:58am
Quoting Tekkies
{quote} First you post a chart without TDI. > Member had to ask for TDI crossover. Now the question are: > Did you (Hasib) really entered a buy trade on D1? >> Lower timeframe - (Maybe?) > What made you enter a buy trade at that level? >> S/R level, Fibo, pivot, other method???? Only you will know which timeframe/rules/method you use to enter where you did. Making the assumption that you will use any reason to discredit TDI. Why? H4 TDI had a buy crossover where you placed your buy order. (charts refreshed) {image}
US30

@Tekkies

Are you sure you know how to the 4hr and and can trade US30 H4 ?

Read Big E' Post#1. Trade the H1 during the first 3 hours during the US session.
" I only trade 1hr charts during the the 1st 3 hours of the USA OPEN "

the better trading method for Indices E-Mini Futures is M5 PASR { here }

On my H4, there were several green crosses red and 2 were losers between the August trade zone - 34567 and 34977.

Do you know why that trade zone levels - 34567 and 34977?

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,734
  • Aug 29, 2021 2:14am Aug 29, 2021 2:14am
Quoting emmanuel7788
{quote} @Tekkies LOL. So @tommydogie is your black pot. You must be the tea cup then. LOL. you are wrong again! as usual it is your poor reading skills and not following that thread from the first post when it was started. dzimidula started his thread in Trading Systems.... that thread was moved to Interactive Trading and it was supposed to be live trading discussion but dzimidula wants only to post closed trades. but if that is Interactive Trading, then I would be posting live trades when I open as I did but the OP did not want that. He wants post...
Posting your excuse will not change that waring.

Nice try.

Quoting emmanuel7788
{quote} US30 @Tekkies Are you sure you know how to the 4hr and and can trade US30 H4 ? Read Big E' Post#1. Trade the H1 during the first 3 hours during the US session. " I only trade 1hr charts during the the 1st 3 hours of the USA OPEN " the better trading method for Indices E-Mini Futures is M5 PASR { here } On my H4, there were several green crosses red and 2 were losers between the August trade zone - 34567 and 34977. Do you know why that trade zone levels - 34567 and...
Selective cut and pasting again???

Why the deception???
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....
  • #123,735
  • Aug 29, 2021 2:40am Aug 29, 2021 2:40am
Quoting Tekkies
{quote} Posting your excuse will not change that waring. Nice try. {quote} Selective cut and pasting again??? Why the deception??? 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....
@Tekkies

read that thread again and slowly.

see my trade post, it was posted live in real-time and posted when I closed that USDCHF trade.

{ here } and { here }

the OP asked me to post when I close the trade and I did. So his final warning was ok.

I did not post a hindsight chart with fake trade on a chart that the OP said was . If I did that I am sure the OP would have banned me too.

@tommydogie' post was exactly the OP described as "useless posts and images that are a pain to look at. The same he is posting his useless hindsight charts which is a pain for other to look at.

I still do not understand why FF moved that thread to Interactive Trading when the OP did not want to.

If we post only hindsight charts with only closed trades then better be in the Trading Journals forum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,736
  • Aug 29, 2021 2:47am Aug 29, 2021 2:47am
Quoting Tekkies
{quote} Posting your excuse will not change that waring. Nice try. {quote} Selective cut and pasting again??? Why the deception??? 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....

@Tekkies

LOL. There is no deception.

US30 is best to trade when the US markets are open and you can be like the OP trade only the first 3 hours. Follow the London open session and London - New York overlap hours and the 4hr Price Action.
{ here }

You want to trade the 4hr please listen to the OP Post#1. Do it on Demo and be like him, open a Demo USD10,000 and treat that USD10,000 for for entertainment and relaxation. #557

"Las Vegas" keyword post { here }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,737
  • Aug 29, 2021 2:55am Aug 29, 2021 2:55am
Quoting emmanuel7788
{quote} If we post only hindsight charts with only closed trades then better be in the Trading Journals forum.
Then you better start to post in the Trading Journals forum.
(One of many.)
Attached Image


Quoting emmanuel7788
{quote} @Tekkies read that thread again and slowly. see my trade post, it was posted live in real-time and posted when I closed that USDCHF trade. { here } and { here } the OP asked me to post when I close the trade and I did. So his final warning was ok. I did not post a hindsight chart with fake trade on a chart that the OP said was . If I did that I am sure the OP would have banned me too. @tommydogie'...
Posting your excuse will not change that waring. Nice try.
  • #123,739
  • Aug 29, 2021 4:15am Aug 29, 2021 4:15am
Quoting tommydoginti
{quote} stick to the SIMPLE BASIC RULES. That's what makes it work !
So I made this green and red lines on paint, told my colleague to watch the charts for the next two days.

And there, charts of the next two days.
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  • #123,740
  • Aug 29, 2021 4:47am Aug 29, 2021 4:47am
Quoting Tekkies
{quote} Then you better start to post in the Trading Journals forum. (One of many.) {image} {quote} Posting your excuse will not change that waring. Nice try.

LOL

@Tekkies

you are doing this act again.

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