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Trading Made Simple

  • #123,941
  • Sep 2, 2021 6:39pm Sep 2, 2021 6:39pm
Quoting Tekkies
what is your view? > Instead of posting that everyday and after seven years why is the posted charts filled with indicators, EA? Charts should look like this: {image}

Hey @Tekkies

good you asked. Does this mean you are interested to start with trading systems development now?

You posted a blank AUDUSD chart and that is NOT Big E' original 5-Method chart.
You did not read Big E old thread and follow those tutorial videos he provided links to.
The 5-Method was a blending of different methods/systems we learned in his old thread.

<>
We can therefore further simplify trading made simple by removing the Stoch and the TDI which will lead us to fewer rules and we then follow Big E' 5-Method based only on Price Action...

what is your view?

Big E already posted these: you can trade without the TDI


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
  • #123,942
  • Sep 2, 2021 6:51pm Sep 2, 2021 6:51pm
Quoting Tekkies
what is your view? > Instead of posting that everyday and after seven years why is the posted charts filled with indicators, EA? Charts should look like this: {image}
hey @Tekkies

this is what my actual trading chart looks like.

EU Sep03 -Buy

EP 1.1873
SL 1.1823
TP 1.1973

Yesterday Sep 02 2 positions closed. Trade setup was Engulfing Day Sep01 following August 31 break high.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep03 buy D1 entries3-9-2021 7-45-47 am.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,943
  • Sep 2, 2021 7:27pm Sep 2, 2021 7:27pm
Quoting Tekkies
what is your view? > Instead of posting that everyday and after seven years why is the posted charts filled with indicators, EA? Charts should look like this: {image}
hey @Tekkies

here my GU trades Sep03 and current open positions.

Sep 02, entry after the retracement and when price break Tokyo_5hour high.
- one position TP1 and the other stopped out BE+

Re-entry during London Opening
- now I exit one position when Tokyo open
- trail the remaining position for TP2

I only check my trades once every 4 hours. I'll check at Tokyo 1pm again and then when the other market session opens.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep03 D trades update 3-9-2021 8-19-34 am.png Size: 22 KB

Do you see the 5-Method on both my EU and GU charts above?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,944
  • Sep 2, 2021 8:15pm Sep 2, 2021 8:15pm
Quoting Tekkies
what is your view? > Instead of posting that everyday and after seven years why is the posted charts filled with indicators, EA? Charts should look like this: {image}
Quoting emmanuel7788
{quote} Hey @Tekkies good you asked. Does this mean you are interested to start with trading systems development now? You posted a blank AUDUSD chart and that is NOT Big E' original 5-Method chart. You did not read Big E old thread and follow those tutorial videos he provided links to. The 5-Method was a blending of different methods/systems we learned in his old thread. <> We can therefore further simplify trading made simple by removing the Stoch and the TDI which will lead us to fewer rules and we then follow Big E' 5-Method based...

hey @Tekkies

If you are interested to start on a new journey and to develop your own Winning Trading Systems that Fits You, do let me know.

You can search ebay for re-sale used copies of this below at very good price:
I have my own copy from 2011 and I have no intention to sell it.
It comes with a well documented manual, workbook and 20 CDS.

Attached Image


To have a more in-depth understanding of R and R-Multiple and Position Sizing in trading system development, you would need to follow his "How to Develop a Winning Trading Systems that Fits You" . In that book and CDs, he explained several Money Management based- systems for trading both 'good and bad markets'.

I am currently testing a new TMS_EVO version to be release sometime in 2022/2023. I need to complete at least 12-months forward testing in realtime live market.

Do let me know.
This is also for all other members who are interested and planning for additional income stream in 1 to 2 years.
#119,622

Cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,945
  • Sep 2, 2021 8:31pm Sep 2, 2021 8:31pm
Friday Sep03 NFP

USDCHF Sep02 review

- lets make a quick review of yesterday

- there was not buy bias simply the market was choppy looking to the past days and week.

- Sep02 open, H4 PA was below its 5EMA and still is today prior to NFP.

- you need to know the possible "what-if" scenarios when NFP data release today NY session.

- prepare you trade plan - a Plan A, and a Plan B. A Plan C would be handy for today' post-NFP.

- remember, wait 5 to 15-mins after the first price spike!

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF H4 V19 review 3-9-2021 9-26-03 am.png Size: 78 KB


Big Picture with pipware charts.

- even when I day-trade and scalp , I always look at my H4 with multi-charts D1 and W1.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Sep03 H4 Tokyo 1035am 3-9-2021 9-34-15 am.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,946
  • Sep 2, 2021 8:48pm Sep 2, 2021 8:48pm
Quoting tommydoginti
{quote} {image} Simply following BigE's Trading Made Simple instructions No need extra crap indicators / EAs, TMS is good enough with its set of tools. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term 1. Cross Up 2. Higher Highs and Higher Lows 3. Rejection from range low 4. Long term up. Short term range. If price break up and not break back in, trend is likely up. BigE's PA analysis is a Market...
Attached Image


Simply following BigE's Trading Made Simple. Simple entry and exit rules

Considering the few elements instructed by BigE.

1. TDI green red line
(#647 PA analysis)
2. Previous High/Low
3. Rejection at previous High/Low
4. Trend, long and short term

GU at minor resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: E4B20FAD-323B-4F0C-9EBF-C0E09C52AA0E.jpeg Size: 615 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 !
  • #123,947
  • Sep 3, 2021 12:28am Sep 3, 2021 12:28am
Quoting emmanuel7788
{quote} next step is remove the Stoch, {image} the Price Action above on the price chart still there and the same. then follow the original 5-Method Price Action i.e. before Big E added the TDI after he attended CompassFX seminar and got hook to Synergy' TDI. The TDI was the last indicator he added as 'helper' ... so Last-In First-Out. the trade the Price Action with Average Price and Direction (5EMA) - medium to long term swing trading - consider multiple entries (Pyramid Grid not those grid average down strategy) - system strategy pool and baskets...
I trade something the same but way of trading is breake and retest work far more way better then these belive me and is more simple
Attached Image (click to enlarge)
Click to Enlarge Name: gg.png Size: 52 KB
  • #123,948
  • Sep 3, 2021 12:43am Sep 3, 2021 12:43am
Quoting emmanuel7788
{quote} hey @Tekkies here my GU trades Sep03 and current open positions. Sep 02, entry after the retracement and when price break Tokyo_5hour high. - one position TP1 and the other stopped out BE+ Re-entry during London Opening - now I exit one position when Tokyo open - trail the remaining position for TP2 I only check my trades once every 4 hours. I'll check at Tokyo 1pm again and then when the other market session opens. {image} Do you see the 5-Method on both my EU and GU charts above?
LOL
To free Gazans of Hamas, use whatever it takes.
  • #123,949
  • Sep 3, 2021 12:44am Sep 3, 2021 12:44am
Quoting emmanuel7788
{quote} hey @Tekkies this is what my actual trading chart looks like. EU Sep03 -Buy EP 1.1873 SL 1.1823 TP 1.1973 Yesterday Sep 02 2 positions closed. Trade setup was Engulfing Day Sep01 following August 31 break high. {image}
<yawn>
To free Gazans of Hamas, use whatever it takes.
  • #123,950
  • Sep 3, 2021 12:45am Sep 3, 2021 12:45am
Quoting emmanuel7788
{quote} {quote} hey @Tekkies If you are interested to start on a new journey and to develop your own Winning Trading Systems that Fits You, do let me know. You can search ebay for re-sale used copies of this below at very good price: I have my own copy from 2011 and I have no intention to sell it. It comes with a well documented manual, workbook and 20 CDS. {image} To have a more in-depth understanding of R and R-Multiple and Position Sizing in trading system development, you would need to follow his "How to Develop a Winning Trading Systems that...
LOL
To free Gazans of Hamas, use whatever it takes.
  • #123,951
  • Sep 3, 2021 1:16am Sep 3, 2021 1:16am
Quoting emmanuel7788
Friday Sep03 NFP USDCHF Sep02 review - lets make a quick review of yesterday - there was not buy bias simply the market was choppy looking to the past days and week. - Sep02 open, H4 PA was below its 5EMA and still is today prior to NFP. - you need to know the possible "what-if" scenarios when NFP data release today NY session. - prepare you trade plan - a Plan A, and a Plan B. A Plan C would be handy for today' post-NFP. - remember, wait 5 to 15-mins after the first price spike! {image} Big Picture with pipware charts. - even when I day-trade and...
LOL
To free Gazans of Hamas, use whatever it takes.
  • #123,952
  • Sep 3, 2021 2:02am Sep 3, 2021 2:02am
Quoting mizi123
{quote} I trade something the same but way of trading is breake and retest work far more way better then these belive me and is more simple {image}


continue with what works for you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,953
  • Sep 3, 2021 2:08am Sep 3, 2021 2:08am
Friday Sep 03 NFP

News not in FF calendar - Japan PM Suga will step down. This will change the UJ market type this month and in Oct when the elections.

USDJPY Sep 03 H1

- at London Open 8am now

- with two previous days' high and low 110.42 and 109.58, these are the 'safe levels' for stop loss / risk R for either buy or sell.

- take a pick later after Tokyo session closes today.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep03 H1 pipware London8am Open 3-9-2021 3-00-25 pm.png Size: 53 KB

see this post { here } in strat thread.

https://www.forexfactory.com/thread/...2#post13690672
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,954
  • Sep 3, 2021 2:12am Sep 3, 2021 2:12am
Quoting tommydoginti
{quote} {image} Simply following BigE's Trading Made Simple. Simple entry and exit rules Considering the few elements instructed by BigE. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term GU at minor resistance. {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...
@tommydogie

Big E' { Post#1 }

" If your not happy... please move on quietly. I'd do the same for you. You want Stress Free learning... come join us..."

https://www.forexfactory.com/thread/...7#post13557277

https://www.forexfactory.com/thread/...1#post13520281

https://www.forexfactory.com/thread/...5#post13511115

https://www.forexfactory.com/thread/...0#post13415690

https://www.forexfactory.com/thread/...7#post13415477

https://www.forexfactory.com/thread/...1#post13410711

https://www.forexfactory.com/thread/...3#post13408303

https://www.forexfactory.com/thread/...9#post13378819
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,955
  • Sep 3, 2021 2:49am Sep 3, 2021 2:49am
Quoting tommydoginti
{quote} {image} Simply following BigE's Trading Made Simple. Simple entry and exit rules Considering the few elements instructed by BigE. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term GU at minor resistance. {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...
Attached Image


Simply following BigE's Trading Made Simple. Simple entry and exit rules

Considering the few elements instructed by BigE.

1. TDI green red line
(#647 PA analysis)
2. Previous High/Low
3. Rejection at previous High/Low
4. Trend, long and short term

GU. Previous High (Resistance) respected and rejected.

Attached Image (click to enlarge)
Click to Enlarge Name: 5A774442-7045-4BBD-9E4E-540F0A1F7E6C.jpeg Size: 578 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 !
  • #123,956
  • Sep 3, 2021 4:20am Sep 3, 2021 4:20am
Quoting tommydoginti
{quote} {image} Simply following BigE's Trading Made Simple instructions No need extra crap indicators / EAs, TMS is good enough with its set of tools. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term 1. Cross Up 2. Higher Highs and Higher Lows 3. Rejection from range low 4. Long term up. Short term range. If price break up and not break back in, trend is likely up. BigE's PA analysis is a Market...
"BigE's PA analysis is a Market Structure approach...."

@tommydogie

This is also not correct to post and mislead others here that Big E price action analysis is Market Structure approach.
You should know that Big E was a stock market trader for 10 years between 1996 to 2006. He traded with Japanese candlestick charts. He learn from Steve Nison and Lance Beggs.
When he started to learn forex, he spent 2 years to learn the basics. He then learn from Craig Harris and the Natural Flow of the Market (Forex).
In the Natural Flow of the Market, Craig explain the price structure and swings for intraday trading.
In his old thread Big E posted links to a list of tutorial videos "natural-flow.com" :

https://www.forexfactory.com/thread/...22#post3301922
https://www.forexfactory.com/thread/...28#post3301928
https://www.forexfactory.com/thread/...30#post3301930
https://www.forexfactory.com/thread/...31#post3301931
https://www.forexfactory.com/thread/...66#post3301966
https://www.forexfactory.com/thread/...69#post3301969
https://www.forexfactory.com/thread/...71#post3301971
https://www.forexfactory.com/thread/...73#post3301973
https://www.forexfactory.com/thread/...78#post3301978

However, the above videos are no longer available to the public but only for members only. But you can still find some of the videos available uploaded to vimeo.

When Big E trade his 5-Method, he use Dean Malone' APB/HA candles for those reason he already mentioned in his old thread. But he also check his Japanese candles charts which he refer them as normal candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,957
  • Sep 3, 2021 5:07am Sep 3, 2021 5:07am
Quoting emmanuel7788
{quote} next step is remove the Stoch, {image} the Price Action above on the price chart still there and the same. then follow the original 5-Method Price Action i.e. before Big E added the TDI after he attended CompassFX seminar and got hook to Synergy' TDI. The TDI was the last indicator he added as 'helper' ... so Last-In First-Out. the trade the Price Action with Average Price and Direction (5EMA) - medium to long term swing trading - consider multiple entries (Pyramid Grid not those grid average down strategy) - system strategy pool and baskets...
Hi emm

This is nice and simple, if we remove TDI and Stoch In my back test I found much better results. i have share this information here. very few traders took that information.
BTW, Just quick information sharing,
BigE said we should ask , Am I In consolidations zone.

Look 3, 4,5,6,7,8,9, and 10 we are in Consolidations. if market gives little less range we would have lose.
MA provides the market's current direction and strength.
  • #123,958
  • Sep 3, 2021 5:32am Sep 3, 2021 5:32am
Quoting hasib
{quote} Hi emm This is nice and simple, if we remove TDI and Stoch In my back test I found much better results. i have share this information here. very few traders took that information. BTW, Just quick information sharing, BigE said we should ask , Am I In consolidations zone. Look 3, 4,5,6,7,8,9, and 10 we are in Consolidations. if market gives little less range we would have lose.
Big E posted 304 charts in all. I spend 10 to 20 mins each and every chart to learn the price action without the Stoch and TDI. In the TMS-II development group, everyone did the same and we shared and discussed every of the 304 charts. Then we forward tested with realtime live market and practice those price action. This is the way we learned together and some of us have mastered his 5-Method quite fast while a few needed more time.

Now look at this trade taken by Big E back in Feb 2011.
What were his reasons for that sell entry at that price level?
Note where the price was when he made that screen shot.
His sell entry on on that big red HA candle.... dynamic entry.
Do you think that sell entry was based on TDI and Stoch?

Attached Image (click to enlarge)
Click to Enlarge Name: BIg E GJ Daily sell based on experience 3-9-2021 6-20-51 pm.png Size: 90 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,959
  • Sep 3, 2021 5:50am Sep 3, 2021 5:50am
When trading GBPUSD 15-min charts, here is a tip from Big E:

>>>>> This is also not correct to post and mislead others here

#11..... If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor...

#119.... That’s where dealers make most of your money is ranging markets and 5-15 min time frame trading... you got to quit trading those trash time frames.
----
#119..... Years ago I traded stocks but later switched to fx. I started using higher timeframes moving up from 5 to 15 to 30 to 1hr and I was seeing benefits every time I went higher. Kept working on the TDI honing it to the maximum simplicity possible and moving up to 4hr charts and trading at my bed time... wow what a difference in pips earned... stress free as I slept

#779.... News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times.

#4023...... 5 & 15 m charts are for Gladiators because the brokers take most of those traders to the meat market as road kill... and that's why I prefer not trading those timeframes... I got tired of the horses dragging me from the arena..

The need to confuse readers must be overwhelming.
  • #123,960
  • Sep 3, 2021 6:14am Sep 3, 2021 6:14am
Quoting emmanuel7788
{quote} Big E posted 304 charts in all. I spend 10 to 20 mins each and every chart to learn the price action without the Stoch and TDI. In the TMS-II development group, everyone did the same and we shared and discussed every of the 304 charts. Then we forward tested with realtime live market and practice those price action. This is the way we learned together and some of us have mastered his 5-Method quite fast while a few needed more time. Now look at this trade taken by Big E back in Feb 2011. What were his reasons for that sell entry at that...
LOL
To free Gazans of Hamas, use whatever it takes.
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