Trading Made Simple | Page 6204 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #124,061
  • Sep 6, 2021 10:41pm Sep 6, 2021 10:41pm
Quoting tommydoginti
{quote} If you read BigE’s posts you should know Trading Made Simple is not trading every TDI green cross red, with good reasons and analysis. good luck

Trading Made Simple is this thread title.

The trading method is Big E' 5-Method (Post#5) and started in his old thread.

Now we all have to solve the TMS puzzle.

In his old thread and also in this new thread, Big E on 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
  • #124,062
  • Edited 11:17pm Sep 6, 2021 10:52pm | Edited 11:17pm
Quoting hasib
{quote} Hi EMM How you place stop and how you manage your trade after entry. especially when you see you got opposite signal.

hi hasib

Good question

It is about your trading system's EXIT strategy. There are many different exit strategies which I shared in the last 10 years.

My favourite is market volatility based exit using initial risk 'R' and manage trade exit with R-Multiple. This work best when trading with Single Entry Single Exit strategy.

You remember my USDCHF D1 swing trade Post #123,367 from Aug 05 to Aug 11.
If you click on the link Post #123,367 and follow the previous posts which is linked each update post, you will see the start of that Aug 05 trade entry. The reason for the close is mentioned in the trade update.
That trade was closed > +2R profits. 0.5lot $1058.

Attached Image (click to enlarge)
Click to Enlarge Name: UChf Aug05 buy R trade closed 7-9-2021 10-27-20 am.png Size: 5 KB


Attached Image (click to enlarge)
Click to Enlarge Name: UChf Aug 05 H4 trade update 7-9-2021 10-28-25 am.png Size: 151 KB

There are other Exit strategies which we can consider in our trading system development. I can share and we can discuss with live trades examples.
It is better to learn in realtime live market and this will also help develop mental strategy to deal with the common Fear and Greed emotions.

What about Big E' exit strategies? How many exit strategies did he share here? I know them all.
TMS Entry time is PDT 10PM, 2AM and EXIT is 6AM.
This is known as TIMED EXIT! ... aka as SMART™ exit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,063
  • Sep 6, 2021 11:03pm Sep 6, 2021 11:03pm
Quoting hasib
{quote} Hi EMM How you place stop and how you manage your trade after entry. especially when you see you got opposite signal.
hi hasib

"opposite signal" is another EXIT strategy known as #TradeInvalidation# exit.

example is when there is a 5-Method sell setup, the trade will be invalidated by the next buy setup...."opposite signal"

What is the 5-method setup?
There are several, a common setup is Price Action - swing highs swing lows as Big E explained in his old thread.

Let's study an example, GBPPUSD Daily August month 2021 below:
- we do not need the Stoch and TDI ( Post#2617 ) ... taking trade would be a breeze with simple PA.

#TradeInvalidation#

Attached Image (click to enlarge)
Click to Enlarge Name: GU D1ily August 01 to 31 7-9-2021 11-16-35 am.png Size: 79 KB


coming up next,

how much money and pips can you make with the above example?

that's the Money Management Strategy for Daily Swing Trading.

stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,064
  • Edited 11:53pm Sep 6, 2021 11:33pm | Edited 11:53pm
Quoting tommydoginti
{quote} {image} Simply following BigE's Trading Made Simple. Simple entry and exit rules Considering the few elements instructed by BigE. Enough to made decision for the trade with high odds of winning. 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 2. Price moved below previous high (support resistance flip) 3. retest and rejection 4. Range. {image} Adding crap EAs does not help improve...
"
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 !
"

>>> why do member post repeated crap in this thread day-in day-out?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,065
  • Sep 7, 2021 12:13am Sep 7, 2021 12:13am
Quoting emmanuel7788
{quote} hi hasib "opposite signal" is another EXIT strategy known as #TradeInvalidation# exit. example is when there is a 5-Method sell setup, the trade will be invalidated by the next buy setup...."opposite signal" What is the 5-method setup? There are several, a common setup is Price Action - swing highs swing lows as Big E explained in his old thread. Let's study an example, GBPPUSD Daily August month 2021 below: - we do not need the Stoch and TDI ( Post#2617 ) ... taking...

Exit Strategy #ProfitPercentLocked#

this is another example using percent of profit lock based on Entry and most recent high with higher Close.

Question is :

> How much are your prepare to give back to the market when you want to maximize profit ..."Let Profits Run"?

> Do you lock 50% profits and wait if there is #TradeInvalidation#

> there is always the Greed and Fear in doing this. Only that very one thing will help you make this decision.


Daily Swing Trading with Intraday H1 entry

Attached Image (click to enlarge)
Click to Enlarge Name: NU Daily profit percent locked 7-9-2021 1-06-25 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,066
  • Sep 7, 2021 1:34am Sep 7, 2021 1:34am
Quoting emmanuel7788
{quote} Hi lynnc do you know the CashFlow model?
I have seen your posts on the Insurance model and the Lotto model which lead to the cashflow model. Is that what you mean?
  • #124,067
  • Sep 7, 2021 1:48am Sep 7, 2021 1:48am
Quoting tommydoginti
{quote} {image} Simply following BigE's Trading Made Simple. Simple entry and exit rules Considering the few elements instructed by BigE. Enough to made decision for the trade with high odds of winning. 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 2. Price moved below previous high (support resistance flip) 3. retest and rejection 4. Range. {image} Adding crap EAs does not help improve...
Overnight nice buy trade setup. Now price is heading down

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

Considering the few elements instructed by BigE. Enough to made decision for the trade with high odds of winning.

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

Attached Image (click to enlarge)
Click to Enlarge Name: 9D2B1E23-A4F1-439E-BD2D-B4508A516B07.jpeg Size: 641 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 !
  • #124,068
  • Sep 7, 2021 2:35am Sep 7, 2021 2:35am
Quoting emmanuel7788
{quote} hi hasib Good question It is about your trading system's EXIT strategy. There are many different exit strategies which I shared in the last 10 years. My favourite is market volatility based exit using initial risk 'R' and manage trade exit with R-Multiple. This work best when trading with Single Entry Single Exit strategy. You remember my USDCHF D1 swing trade Post #123,367 from Aug 05 to Aug 11. If you click on the link Post...
Hi EMM Thanks

I am Trading BBMA, Last year you recommend me BBMA.
I Still think you are the best teacher here in TMS. All other TMS teachers are BS loser.

Every losing and inspiring traders should take your advice seriously and should do hard work by themselves. Some of the BS TMS Guru thought I have read flag that means I will act like them. I am not guru I learn from every one every day.
Here is few trade of mine all are Looking good.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 44 KB
MA provides the market's current direction and strength.
  • #124,069
  • Sep 7, 2021 2:45am Sep 7, 2021 2:45am
Can only laugh at what gets posted.

Tommy is showing that following BigE's advice in how to trade and use TDI can lead to a profitable method.
> 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 !
--------
To use TDI correctly and be profitable at the same time is a BIG NO NO in this thread.

Here are some of the laughing posts:

- You did not respond to my earlier request
> Why should others respond to a request when member himself fail to respond > visible TE linked to what get's posted in this thread.

-based on his few years experience 2006 to 2010.
> "you only started trading in Oct 2020, right?"
Tommy may have watch his father trade as he grow up, learning from his dad since early childhood === 5, 10 years????

--follow Big E TMS, do not add anything, bla bla bla...
Does this bla bla bla... means that Post 124,061 is also bla bla bla...
How can one of BigE's post be bla bla bla... and the others are not??

Which leads to this: >>> why do member post repeated crap in this thread day-in day-out?
Take note of "crap" /"day-in day-out"
Which of these posts are crap for they are posted day-in day-out: #3044, #3103, #3418, #1718 #2617 #296
  • #124,070
  • Sep 7, 2021 2:50am Sep 7, 2021 2:50am
Quoting hasib
{quote} Hi EMM Thanks I am Trading BBMA, Last year you recommend me BBMA. I Still think you are the best teacher here in TMS. All other TMS teachers are BS loser. Every losing and inspiring traders should take your advice seriously and should do hard work by themselves. Some of the BS TMS Guru thought I have read flag that means I will act like them. I am not guru I learn from every one every day. Here is few trade of mine all are Looking good. {image}

Attached Image (click to enlarge)
Click to Enlarge Name: A-share-trader-laughs-in-front-of-the-German-share-price-index-DAX-board-at-the.jpg Size: 141 KB
  • #124,071
  • Sep 7, 2021 3:09am Sep 7, 2021 3:09am
Quoting Tekkies
Can only laugh at what gets posted. Tommy is showing that following BigE's advice in how to trade and use TDI can lead to a profitable method. > 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 ! -------- To...
LOL @Tekkies

You have been trading TMS for more than 5 years, look at yourself..

Big E : 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.

My conclusion:

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,072
  • Sep 7, 2021 3:16am Sep 7, 2021 3:16am
Quoting tommydoginti
{quote} Overnight nice buy trade setup. Now price is heading down Simply following BigE's Trading Made Simple. Simple entry and exit rules Considering the few elements instructed by BigE. Enough to made decision for the trade with high odds of winning. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term {image} Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your...
Tommy, why are you not using Stochastic and 5 SMA like BigE?
  • #124,073
  • Sep 7, 2021 3:39am Sep 7, 2021 3:39am
Quoting hasib
{quote} Hi EMM Thanks I am Trading BBMA, Last year you recommend me BBMA. I Still think you are the best teacher here in TMS. All other TMS teachers are BS loser. Every losing and inspiring traders should take your advice seriously and should do hard work by themselves. Some of the BS TMS Guru thought I have read flag that means I will act like them. I am not guru I learn from every one every day. Here is few trade of mine all are Looking good. {image}
I Still think you are the best teacher here in TMS. All other TMS teachers are BS loser.
Thanks for the laughs, Hasib!
To free Gazans of Hamas, use whatever it takes.
  • #124,074
  • Sep 7, 2021 3:48am Sep 7, 2021 3:48am
Quoting emmanuel7788
{quote} LOL @Tekkies You have been trading TMS for more than 5 years, look at yourself.. Big E : 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...
Post 124,064 why do member post repeated crap in this thread day-in day-out?

Take note of "crap" /"day-in day-out"
Which of these posts are crap for they are posted day-in day-out: #3044, #3103, #3418, #1718 #2617 #296
  • #124,075
  • Sep 7, 2021 3:50am Sep 7, 2021 3:50am
Quoting Tekkies
To use TDI correctly and be profitable at the same time is a BIG NO NO in this thread. "You need to find your WINNING EDGE and the TDI is not in the winning edge equation."

LOL @Tekkies

We all know it is very hard for you to accept the fact that Big E posted these long before you started trading TMS.
With 5 years trading with TDI and making losses year after year for 5+years, don't you think there is something which you missed. Stop trading and open up your mind to learn some more before you trade live again.

>>> Big E : 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.

My conclusion:

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,076
  • Sep 7, 2021 3:54am Sep 7, 2021 3:54am
Quoting Tekkies
{quote} ost 124,064 why do member post repeated crap in this thread day-in day-out?

LOL.

>>> This is the same repeated crap and hindsight chart analysis.
Post#124,067
<>

Overnight nice buy trade setup. Now price is heading down

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

Considering the few elements instructed by BigE. Enough to made decision for the trade with high odds of winning.
...
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
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,077
  • Sep 7, 2021 4:24am Sep 7, 2021 4:24am
Quoting hasib
{quote} Hi EMM Thanks I am Trading BBMA, Last year you recommend me BBMA. I Still think you are the best teacher here in TMS. All other TMS teachers are BS loser. Every losing and inspiring traders should take your advice seriously and should do hard work by themselves. Some of the BS TMS Guru thought I have read flag that means I will act like them. I am not guru I learn from every one every day. Here is few trade of mine all are Looking good. {image}
hi hasib

"I am Trading BBMA, Last year you recommend me BBMA."

when I mentioned about BBMA to you, I was only thinking of Oma Ali who is the creator of BBMA. Oma was an excellent trader, trading coach, mentor, ... and he taught his traders about the trading psychology behind BBMA all-in-one. Many did not get that and lost money. As usual losers blame the system/method.

"I Still think you are the best teacher here in TMS. All other TMS teachers are BS loser."

Thanks for your kind words. I have many good mentors during my trading journey and I simply pass-it-on to others what I have learned. Well there are many here over the past 10 years sharing too and trying hard to steer things in their own own ways but non have achieved what Big E had achieved winning $500 to $1000 per evening. Simply put, not a single one has the proven track record here to be the great teacher.

Quoting eelfranz
Good Morning all you fabulous traders.... I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING. iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING.
Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit. If I put all of my eggs in one basket... it was hit or miss.... I trade both ways with success...
Attached Image (click to enlarge)
Click to Enlarge Name: about teachers.png Size: 1.1 MB

Trade Well.

Stay Safe
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,078
  • Sep 7, 2021 4:45am Sep 7, 2021 4:45am
Quoting kirinda
{quote} Tommy, why are you not using Stochastic and 5 SMA like BigE?
I have practiced #2617 and #647.

BigE is a price action type trader. If you follow the PA guidelines by BigE, you should find it no problem to rid of Stoch and 5ema

look up BigE’s charts and posts and should find TDI as the only indicator he strictly followed the signals

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

as of 5ema alone...
#307
I don't worry about PA crossing the 5 ema. I totally depend on the TDI for my entry signals... Always entering when green crosses red and only on candle 1 or two depending what the TDI shows...
  • #124,079
  • Sep 7, 2021 4:49am Sep 7, 2021 4:49am
Quoting DrDave
{quote} I Still think you are the best teacher here in TMS. All other TMS teachers are BS loser. Thanks for the laughs, Hasib!
No wonder still losing. Good contributor to the market

Look at some posts in August
here

Attached Image (click to enlarge)
Click to Enlarge Name: 21F9A9FB-33F0-426E-9413-DCAED7B91E1E.jpeg Size: 966 KB
  • #124,080
  • Sep 7, 2021 5:00am Sep 7, 2021 5:00am
Quoting hasib
{quote} Hi EMM Thanks I am Trading BBMA, Last year you recommend me BBMA. I Still think you are the best teacher here in TMS. All other TMS teachers are BS loser. Every losing and inspiring traders should take your advice seriously and should do hard work by themselves. Some of the BS TMS Guru thought I have read flag that means I will act like them. I am not guru I learn from every one every day. Here is few trade of mine all are Looking good. {image}

I don’t think it is looking good at all.

Why buy AJ into range high when price is just rejected from previous high with reversal setup? It’s a double top

You are addicted to drawdown, losing trades with SL or what?

please do not exert self-sabotage. We don’t want to see traders like that

Attached Image (click to enlarge)
Click to Enlarge Name: 440AE17D-7BD0-4964-975E-4508E4A564E0.jpeg Size: 255 KB
428 traders viewing now, 1 is registered:
menaldo81