Trading Made Simple | Page 6284 | 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

  • #125,661
  • Sep 27, 2021 1:23pm Sep 27, 2021 1:23pm
after taking stops out it started moving up on Tuesday last. Prices are also reflected at the pump and as a matter of fact I have been searching for this stuff with no success for the past few days
Attached Image (click to enlarge)
Click to Enlarge Name: USOUSDH1.png Size: 63 KB
the cautious seldom err....C
  • #125,662
  • Sep 27, 2021 1:39pm Sep 27, 2021 1:39pm
Quoting pips29
after taking stops out it started moving up on Tuesday last. Prices are also reflected at the pump and as a matter of fact I have been searching for this stuff with no success for the past few days {image}
A lot of us I think are having the same problem
  • #125,663
  • Sep 27, 2021 2:37pm Sep 27, 2021 2:37pm
Do you know any of these indicators?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20210927_230704_979.jpg Size: 39 KB
  • #125,664
  • Sep 27, 2021 2:41pm Sep 27, 2021 2:41pm
It has been awhile that "closet" TDI traders posted their trades.

The more members start to post TMS that show following BigE's advice does lead to account growing, the less negative members can Naysay this method.

Only one member need to stop smothering this thread with his relentless posting.
  • #125,665
  • Sep 27, 2021 3:55pm Sep 27, 2021 3:55pm
Quoting tommydoginti
{quote} Hi Tabary, Hope it helps BigE did mentioned the time on #1 where you can refer to. 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.... But he also mentioned this in #1264 Take any pair and time frame you like to trade... go thru old charts. Each pair has certain times of the day when the action starts repeatedly... over and over. Write the pair down and the most active trading times that happen over and over.
im glad he asked and you responded, so where can i find info on the time frames OP use to get involved in the markets? Also, was there a specific pair he use to trade or can this work for any market?
  • #125,666
  • Sep 27, 2021 5:19pm Sep 27, 2021 5:19pm
Quoting Tabary
i was open another trade early today i took a buy signal at GBPUSD, and close my mt4 until now it's been up 4 pip maybe i took the right signal this time ? i enter the trade a bit too late after the 2nd bullish HA close

Attached Image (click to enlarge)
Click to Enlarge Name: Tabary GU Sep27 H4 trade 28-9-2021 6-19-32 am.png Size: 645 KB



{image}

@Tabary

You need to know the market conditions when you trade, especially when you want to trade the 4hr like Big E. He pick his trade setups very carefully and with his 10 years trading the stock market and 5 years learning to trade retail spot forex. He live in the Pacific time zone therefore trading the 4hr at his local time 10PM, 2AM and 6am suits him and his lifestyle.
But you live in the Asia time zone, you have more opportunities to trade the 4hr during Tokyo session and the European and London sessions.

Looking at your GU H4 trade, now we can do a review and learn a few more lessons for all here to learn also,

What is the market conditions of GU when you plan your trade? The same market condition still the same today.
GU Daily is sideways and within the Daily Inside Bar of Sep 24 and that big candle Sep23 Mother Bar of the Inside Bar. And the 10EMA is there for some consideration.
And the BRN 1.3700 in full view.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Sep28 H4 pipware review 28-9-2021 6-03-52 am.png Size: 67 KB

Now study and take some notes of your own.

next lesson coming up .....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,667
  • Sep 27, 2021 5:30pm Sep 27, 2021 5:30pm
Quoting Tekkies
{quote} Post 125,639 Looking back in hindsight Stoch did not confirm direction. {image} Wake up Vincent!!!!!!!

@Tekkies

my point was you looked at the wrong H4 candle .

Tabary was trading this week Sep 27 H4.

You pointed to your broker' H4 last week.... Sep 24.


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies replry to Tabary 27-9-2021 8-23-38 pm.png Size: 121 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Tabary UJ H4 trade 27-9-2021 8-33-22 pm.png Size: 446 KB



Wake up. Open your eyes. Make sure your brain is fully engaged before your fingers start typing on your keyboard.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,668
  • Sep 27, 2021 5:31pm Sep 27, 2021 5:31pm
Good afternoon, I just joined this forum, I am new to trading but I have doubts about how to use the method, please someone who can help me, how can I start with this strategy?
  • #125,669
  • Sep 27, 2021 6:10pm Sep 27, 2021 6:10pm
Quoting Tabary
i was open another trade early today i took a buy signal at GBPUSD, and close my mt4 until now it's been up 4 pip maybe i took the right signal this time ? i enter the trade a bit too late after the 2nd bullish HA close {image}
Quoting emmanuel7788
{quote} @Tabary You need to know the market conditions when you trade, especially when you want to trade the 4hr like Big E. He pick his trade setups very carefully and with his 10 years trading the stock market and 5 years learning to trade retail spot forex. He live in the Pacific time zone therefore trading the 4hr at his local time 10PM, 2AM and 6am suits him and his lifestyle. But you live in the Asia time zone, you have more opportunities to trade the 4hr during Tokyo session and the European and London sessions. Looking at your GU H4 trade,...
Attached Image (click to enlarge)
Click to Enlarge Name: Tabary GU Sep27 H4 trade 28-9-2021 6-19-32 am.png Size: 645 KB


"maybe i took the right signal this time ?"

@Tabary

We do not look for signals in the Stoch and TDI.
First, we know the market conditions we are trading in.
Then, we look for trade setups as Big E always mentioned ... setup, setup, setup , or s/u, s/u, s/u...
The signal from the Stoch and TDI are tools we use and help us trade and give us as new traders mor confidence to pull the trigger.

About the Stoch(8,3,3) in Big E' Trading Made Simple 5-Method, he added the Stoch to the original 5-Method in his early years.
On your chart, I see you have arrows point where the Stoch emerges from overbought and oversold levels. This arrows are used by some traders for specific reasons.
However, in TMS 5-Method, we look for the %K crossed %D which is the the direction mentioned by Big E in Post#261 and other posts too.
Also when the %K crosses the 50-level is another important signal condition which you can also consider. When both the RSI(2)MA(2) cross its 50-level, this combine with the Stoch are also valid signals to confirm the trade setups, but you have to be in the correct market type conditions for it to work out 60% of the time.

When you use the Stoch Slope, you have the defaul threshold setting 0.5. This was explain by Craig Harris in his tutorial videos in Big E'old thread.
Big E look at the change in the %K line colour and then the %K crossed the %D as the first signal condition for the direction of the Stoch(8,3,3).
The best trades often are when the %K and %D lines are between the 80 and 20 levels, and in wide ranging market type conditions.

TMS 5-Method work well in both Trending and Sideways Wide Ranging market types. Avoid trading in Sideways Narrow Range market type.

next lesson coming up ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,670
  • Sep 27, 2021 6:20pm Sep 27, 2021 6:20pm
Quoting joced92
Good afternoon, I just joined this forum, I am new to trading but I have doubts about how to use the method, please someone who can help me, how can I start with this strategy?
hi @joced92


Welcome to Trading Made Simple ... by Eric Franz aka Big E.

To get started quickly, here is a summary Introduction to Trading Made Simple 5-Method below.
I can give your children free coaching and I can pass on my knowledge and trading skills I have gained over the last 10 years in this thread. They will have a bright future ahead and can trade alongside with you. You and your family will grow wealth together.

Introduction to Trading Made Simple

To learn what Trading Made Simple is, you have to follow the trading journey of the OP eelfranz aka Big E. He started as a newbie in 2006. Know the history and you will learn a lot from the OP and when you have mastered the 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 rule-based discretionary are the best traders,

Enjoy and Have fun during your learning journey...

Stay Safe
and the booster
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,671
  • Sep 27, 2021 6:23pm Sep 27, 2021 6:23pm
Quoting Tekkies
{quote} Yes, you did. Try to enter when you see this: post#2.... 1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... Avoid this: post#6...... If it's candle 3 or more don't enter... find another trade set up. Use this script to place arrow at order entry point. {file}

nice @Tekkies

you will find the .mq4 file I uploaded { here }
#37,144

you can learn some more coding with the source code provided.\


BTW, I have a newer version which shows the entry price, lot size, P&L , etc. at any instant.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,672
  • Sep 27, 2021 6:32pm Sep 27, 2021 6:32pm
short just taken..off to bed shortly
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pH4.png Size: 52 KB
the cautious seldom err....C
  • #125,673
  • Sep 27, 2021 6:43pm Sep 27, 2021 6:43pm
Quoting Lotuscamp
{quote} Is this the Sonic volume indicator?
No. That's not the latest version. There are different version for different trading platform - tradestation, tradingview, TOS, etc. all comes with exchange traded volume.

I followed Big E everywhere he went in Forex Factory and I learned that Big E was trading Raghee Horner' 34EMA Wave system too. When he was trading the stock market, he use his exchange market volume provided by his broker. He and sonicdeejay are online friends.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,674
  • Sep 27, 2021 6:58pm Sep 27, 2021 6:58pm
Quoting Ihyx
{quote} im glad he asked and you responded, so where can i find info on the time frames OP use to get involved in the markets? Also, was there a specific pair he use to trade or can this work for any market?

you can trade the same Big E' eight(8) pairs - AudUsd, EurUsd, GbpUsd, UsdCad, UsdChf, UsdJpy, EurJpy, GbpJpy and (also AudJpy to replace GbpJpy).

AU,EU and GU are his three amigos.
avoid the dragon GBPJPY.

according to Big E you will find 3 to 6 setups every day / his evening.
> use your trading margin wisely and apportion your risk to trade more pairs
> do not put all your eggs in one basket

>>> when (not IF) you can make say an average $500 per day and consistently for 3x52x20 days, how much money will you make in a 3-years trading cycle 3YTC ?
>>> how many trades and how many 3YTC will make you a millionaire?

#7555
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...
====================================
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,675
  • Sep 27, 2021 7:05pm Sep 27, 2021 7:05pm
Quoting emmanuel7788
MT4 script to show your open orders on your charts. Copy this script to your MT4 installed folder C:\<mt4>\experts\script ...folder. This scirpt will read the orders from your Mt4 terminal Trade folder and draw an arrow on the exact spot where your trades were opened. Just drag and drop the script onto your chart. {file}
MT4 script to show your open orders on your charts.
Copy this script to your MT4 installed folder C:\<mt4>\experts\script ...folder.
This script will read the orders from your MT4 terminal Trade folder and draw an arrow on the exact spot where your trades were opened.
Just drag and drop the script onto your chart.

old post Jan 2014 for the script Draw Open position.

click { download }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,676
  • Sep 27, 2021 7:14pm Sep 27, 2021 7:14pm
Quoting Tabary
i was open another trade early today i took a buy signal at GBPUSD, and close my mt4 until now it's been up 4 pip maybe i took the right signal this time ? i enter the trade a bit too late after the 2nd bullish HA close {image}
hi @Tabary

it would help you when you see the price numbers 00 and 50 levels on your chart and look left to see the previousa price action - the swing highs nd swing lows and consider as your most recent support & resistance , plus CONFLUENCE of other Support & Resistance like the 10EMA, 50EMA and 200EMA as dynamic support& resistance. Learn from other experienced TMS traders like dcginc and Phx62, and also X-Man and LE1.

Also to show the bar time on chart will help.

Downloads BN Levels and Bar Time links below:
https://www.forexfactory.com/thread/...61#post6845861
https://www.forexfactory.com/thread/...62#post8611562




Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep28 H1 28-9-2021 7-46-41 am.png Size: 57 KB


Trading GU this week, in view of the Daily sideways ranging market type, there is potential breakout of last week' Sep23 Thusrday High-Low and Sep 24 Friday' High-Low... aka Inside Day breakout and the Mother Bar breakout, which will you choose?

Three Powerful FOREX Price Patterns { download }


....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,677
  • Sep 27, 2021 7:53pm Sep 27, 2021 7:53pm
Quoting DrDave
{quote} Glad to see more people joining for actual trading system discussion. I suspect that your postings of success using the 5-method along with the basic reasoning for the entries and exits has encouraged others to join the discussion. All of the off-tooic material posted in the past, and that some members adamantly continue to post, likely was a big factor at turning away newcomers due to all of the clutter and confusion generated.

In both old and this thread:

FF is a fun place with many such threads,

"90% of traders lose money! True or False?"
https://www.forexfactory.com/showthread.php?t=39527

how many percent of TMS traders lose money?

only an idiot would post and tell you such nonsense (#99,130)
<>
BigE's advice in this thread is all you need to become successful.
Download BigE Full.pdf. Study / practice / Google search every post in that pdf until you understand what BigE was posting about.
<>

Big E mentioned many times - "use your brain".

You go to the forum Rookie Talk and you will read many members talk about why traders lose money.

This thread is just one or many -

Why 99% of traders lose money { here }

and Hanover { here }

Trading like a Casino
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,678
  • Sep 27, 2021 7:58pm Sep 27, 2021 7:58pm
Quoting tommydoginti
{quote} Quoting Davit’s posts confronting those trolls. Posts like what I summarised in #123814 should just go elsewhere, not in this thread. Dunno what was being proven. An inferior trading method than BigE’s Trading Made Simple? That is alright but unnecessary. Proving him/herself as a failed trader? We don’t need that entertainment. Feeding his/her own ego? That is a pretty unsuccessful to draw any positive attention but laughters.. self sabotage. ==== This psychopath...

@tommydog

you #FakeTrader#... your secret is safe with me for now... you know what I mean...

I stay be patient and it will be just a matter of time.

Post#124,600
the pebble is still in sifu' hand.
https://www.forexfactory.com/thread/...9#post13706509
https://www.forexfactory.com/attachm...9&d=1631636443
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,679
  • Sep 27, 2021 8:08pm Sep 27, 2021 8:08pm
Quoting tommydoginti
{quote} Hi Tabary, Hope it helps BigE did mentioned the time on #1 where you can refer to. 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.... But he also mentioned this in #1264 Take any pair and time frame you like to trade... go thru old charts. Each pair has certain times of the day when the action starts repeatedly... over and over. Write the pair down and the most active trading times that happen over and over.

Big also mentioned this :
Post#281:
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
============================================================================================

for good reasons and he was a honest person with many years trading experience, he did not encourage traders here to trade M3,m15 and M30 anything below H1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,680
  • Sep 27, 2021 8:12pm Sep 27, 2021 8:12pm
Quoting tommydoginti
{quote} As you progress in trading BigE's Trading Made Simple, the direction is to simplify the rules and charts, substitute with the understanding of price behavior. (#2617)
This is the main point. I sometimes think that there are people on here saying the same things in different languages.
If you are good at something, never do it for free--Joker
164 traders viewing now