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Trading Made Simple

  • #126,221
  • Oct 5, 2021 12:08pm Oct 5, 2021 12:08pm
Quoting emmanuel7788
{quote} Hindsight is perfect vision 20:20 Even with hindsight and following Big E's Post#647 checklist and Price Action, TMS purist traders would not have taken any of the 3 vertical lines you drew on you charts. My M15 and H1 chart below. {image}
In 1 of your chart you use AH version, with a button you can switch on/off could you tell me which one or download? I know the BigE entry rule, but I like to check without the AH Thanks
  • #126,222
  • Oct 5, 2021 12:33pm Oct 5, 2021 12:33pm
Quoting DrDave
{quote} .the htf are still bearish imo..just to clarify when I'm trading M15 my htf will be H4 and above and not H1 USDCAD LOL H4 was in an up continuation swing yesterday that continued into today. In fact, even H8 was in the same swing, so difficult to see how that these "higher TFs" can be considered bearish. D1, on the other hand, has not shown a bullish turn yet. But anyway, as I said before, change comes from the bottom and travels upward. So if the the up swings cannot get past H8, then of course D1 cannot move from bearish to bullish.
It doesn't matter what you see or how I see. The important thing is to make money with what you see...just to let you know I was talking about GCad and not UCad..you are funny
the cautious seldom err....C
  • #126,223
  • Oct 5, 2021 1:09pm Oct 5, 2021 1:09pm
Quoting DrDave
Hey Hasib, look at this chart again. Do you see that a winning trading method can be developed from what is shown? Ignore the orange MA because that was the one that you said to use. I will replace it with the IMT green/red line. By the way, those are regular price candlesticks. OK, a hint: You use the IMT line as a direction filter. Another hint: Use the TDI green, red, and yellow. {image}
Hey DrDave,

Today we are discussing about 123 RH setups, Look this chart can you see some 123 pattern. Forget about IMT for the moment. Just apply 123 setup for trend continuations.

If you committed to trading you will do back test this 123 setups, Let us know what is your back test results. I will compare my back test results with your one. I tested GJ H1 chart. you can do the same.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 45 KB
MA provides the market's current direction and strength.
  • #126,224
  • Edited 3:05pm Oct 5, 2021 1:12pm | Edited 3:05pm
Quoting pips29
{quote} It doesn't matter what you see or how I see. The important thing is to make money with what you see...just to let you know I was talking about GCad and not UCad..you are funny
I was talking about GCad and not UCad..you are funny

No problem. I was analyzing GBPCAD but typed USDCAD in error. So my analysis stands as written for upswing progressed through H8 for GBPCAD.

It is clear on this earlier post that I was looking at GBPCAD.
To free Gazans of Hamas, use whatever it takes.
  • #126,225
  • Oct 5, 2021 1:21pm Oct 5, 2021 1:21pm
Quoting hasib
{quote} Hey DrDave, Today we are discussing about 123 RH setups, Look this chart can you see some 123 pattern. Forget about IMT for the moment. Just apply 123 setup for trend continuations. If you committed to trading you will do back test this 123 setups, Let us know what is your back test results. I will compare my back test results with your one. I tested GJ H1 chart. you can do the same. {image}
Forget about IMT for the moment. Just apply 123 setup for trend continuations. If you committed to trading you will do back test this 123 setups.

LOL, Hasib. If you actually paid attention to what I post, you would already understand that I incorporate 1-2-3 swings in IMT. That is quite basic. W. D. Gann and others spoke of it long before Ross.
To free Gazans of Hamas, use whatever it takes.
  • #126,226
  • Oct 5, 2021 1:26pm Oct 5, 2021 1:26pm
DrDave so did you test 123 in GJ h1 chart -

1. what is your win rate?
2. what RR you target?
3. what is average pips gain?

share your findings, Lets compare my test with your test, Lets improve trading.
MA provides the market's current direction and strength.
  • #126,227
  • Edited 2:13pm Oct 5, 2021 1:31pm | Edited 2:13pm
YIKES! It appears that scientists have proven that some folks DO have sh*t for brain's!
Intestinal drug prucalopride, treatment for constipation, improved memory and cognition in a mere 6 days!
Link
edit: fixed the broken link
To free Gazans of Hamas, use whatever it takes.
  • #126,228
  • Oct 5, 2021 1:36pm Oct 5, 2021 1:36pm
Quoting DrDave
YIKES! It appears that scientists have proven that some folks DO have sh*t for brain's! Intestinal drug prucalopride, treatment for constipation, improved memory and cognition in a mere 6 days! Link
How good brain do you need to get a link to work?
  • #126,229
  • Oct 5, 2021 1:36pm Oct 5, 2021 1:36pm
Quoting hasib
DrDave so did you test 123 in GJ h1 chart - 1. what is your win rate? 2. what RR you target? 3. what is average pips gain? share your findings, Lets compare my test with your test, Lets improve trading.
No, I have no incentive to backtest that.
1. >90%
2. RR is over rated (and typically misapplied)- I don't use it.
3. That is an unclear metric. What kind of average? Per entry; per lot, per year, etc.
To free Gazans of Hamas, use whatever it takes.
  • #126,230
  • Oct 5, 2021 2:03pm Oct 5, 2021 2:03pm
Quoting DrDave
{quote} Hi Vincent, are you that dumb by think you can change what BigE has posted about TDI. No, of course he is not THAT dumb. He has proven to not be too smart about trading, especially the 5-method, but remember that his MAIN purpose is to attract followers. And his most successful methods are through misrepresenting what others post, posting trickery, scams, and outright lies that fool the newcomers.
Did you post this "outright lies"??

You know Dave, I have been look at Vincent's US30 profit that he so proudly post.
Vincent clearly posted: "$20K every 20-trading day cycle TDC."
Now below is my account:
Attached Image
When I trade US30 the profit/loss is like this:
Attached Image (click to enlarge)
Click to Enlarge Name: trades.PNG Size: 21 KB

(Nothing to brag about.)

Now when I transfer those trades to Excel I get this:
(including Post 126,201)
Attached Image (click to enlarge)
Click to Enlarge Name: this.PNG Size: 29 KB
Well something is not right.
> How come USA profit is exactly the same as ZAR profit?
For one reason only: There is the exchange rate that show the following:
It should be this:
Attached Image (click to enlarge)
Click to Enlarge Name: should.PNG Size: 22 KB
(https://f-rates.com/registration/254.50-ZAR-to-USD)

If he is trading with my Broker then in now way will he ever get $20K every 20-trading day cycle TDC.
Attached Image (click to enlarge)
Click to Enlarge Name: nowere.PNG Size: 24 KB

(https://f-rates.com/registration/254.50-ZAR-to-USD)

I think Vincent has outdone himself this time for sure.
- Wonder what lame excuses is he going to post?
Attached Image
  • #126,231
  • Oct 5, 2021 2:18pm Oct 5, 2021 2:18pm
Quoting kirinda
{quote} How good brain do you need to get a link to work?
It seems that whoever supplied the link in the summary that I found made a spelling error. Silly me, I simply did copy-paste of the link instead of verifying that it worked.
Maybe that author can get a free, 6-day trial of prucalopride from the researchers?
To free Gazans of Hamas, use whatever it takes.
  • #126,232
  • Oct 5, 2021 2:25pm Oct 5, 2021 2:25pm
Quoting Tekkies
{quote} Did you post this "outright lies"?? You know Dave, I have been look at Vincent's US30 profit that he so proudly post. Vincent clearly posted: "$20K every 20-trading day cycle TDC." Now below is my account: {image}When I trade US30 the profit/loss is like this: {image} (Nothing to brag about.) Now when I transfer those trades to Excel I get this: (including Post 126,201) {image}Well something is not right. > How come USA profit is exactly the same as ZAR profit? For...
Wonder what lame excuses is he going to post?
I don't expect him to post any kind of excuse. But I do expect him to make a disparaging post(s) that attacks you, if he bothers to post at all. If he does make a post, it will not address the issues that you have raised, but instead, it will divert the reader's attention from those issues.
To free Gazans of Hamas, use whatever it takes.
  • #126,233
  • Oct 5, 2021 3:07pm Oct 5, 2021 3:07pm
Quoting emmanuel7788
{quote} London Open candle completed, with no Tokyo closing today as it is bank Holiday and Asian markets closed early. {image}
found this again
  • #126,234
  • Oct 5, 2021 3:14pm Oct 5, 2021 3:14pm
Quoting hasib
{quote} Hey DrDave, Today we are discussing about 123 RH setups, Look this chart can you see some 123 pattern. Forget about IMT for the moment. Just apply 123 setup for trend continuations. If you committed to trading you will do back test this 123 setups, Let us know what is your back test results. I will compare my back test results with your one. I tested GJ H1 chart. you can do the same. {image}
Today we are discussing about 123 RH setup
Why are you jumping to yet another idea to check when you did not finish with the EMA50 high/low in this post?????? My post was following up on that topic, replacing your EMA50 with an IMT direction filter.
To free Gazans of Hamas, use whatever it takes.
  • #126,235
  • Oct 5, 2021 4:43pm Oct 5, 2021 4:43pm
Quoting ntk
{quote} found this again

good! you will always some what your look for in this thread ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,236
  • Oct 5, 2021 4:49pm Oct 5, 2021 4:49pm
Quoting Tekkies
{quote} Did you post this "outright lies"?? You know Dave, I have been look at Vincent's US30 profit that he so proudly post. Vincent clearly posted: "$20K every 20-trading day cycle TDC." Now below is my account: {image}When I trade US30 the profit/loss is like this: {image} (Nothing to brag about.) Now when I transfer those trades to Excel I get this: (including Post 126,201) {image}Well something is not right. > How come USA profit is exactly the same as ZAR profit? For...

@Tekkies wrote: "If he is trading with my Broker then in now way will he ever get $20K every 20-trading day cycle TDC."

I don't trade with your broker Blackstone Futures. You can't make USD20k with your ZAR500 mini 100:1 account.

I trade with US brokers, like Big E mentioned all the time in both this thread and in his old thread.

We trade with based currency USD and Leverage 25:1.

and Big E' Post#7555 is what he traded with US broker FXDD since 2008 Post#1. He started trading standard lots in 2010.
<>
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
  • #126,237
  • Oct 5, 2021 5:07pm Oct 5, 2021 5:07pm
Quoting Tekkies
{quote} Did you post this "outright lies"?? You know Dave, I have been look at Vincent's US30 profit that he so proudly post. Vincent clearly posted: "$20K every 20-trading day cycle TDC." Now below is my account: {image}When I trade US30 the profit/loss is like this: {image} (Nothing to brag about.) Now when I transfer those trades to Excel I get this: (including Post 126,201) {image}Well something is not right. > How come USA profit is exactly the same as ZAR profit? For...
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post USD ZAR 6-10-2021 6-01-29 am.png Size: 881 KB


" A picture is worth a thousand words " { here }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,238
  • Oct 5, 2021 5:14pm Oct 5, 2021 5:14pm
Quoting ntk
{quote} In 1 of your chart you use AH version, with a button you can switch on/off could you tell me which one or download? I know the BigE entry rule, but I like to check without the AH Thanks

when you turn off the AH candle, you will be looking at either the price Bar Chart or Japanese candlestick.

I prefer Bar Chart in foreground and the HA candle in its background.

Example EurAud Week40 ... it is sell only follow Daily and Weekly Price Action

H4 follow the 'Flow' with stronger COMMOD pairs.

Attached Image (click to enlarge)
Click to Enlarge Name: EA Week 40 Oct06 6-10-2021 6-13-08 am.png Size: 41 KB


it is quite simple if you do not want to spend a lot of your time with technical analysis and market fundamentals.

just use the The power of 10EMA Post#8,528 by FF member named tango-1

Remember 10 EMA is King.... { stevepatt } { here }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,239
  • Oct 5, 2021 5:57pm Oct 5, 2021 5:57pm
emmanuel it may sound good but a lagging piece of information at best is queen the king is identifying the direction of the market via HHHL LLLH and then trade the pullback Thats the real KING
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  • #126,240
  • Oct 5, 2021 6:40pm Oct 5, 2021 6:40pm
Quoting Tekkies
It is amusing at what Vincent will post to change Trading Made Simple. No matter how hard he tries by quoting from Craig Harris Stochastics Method and ONLY one post in this thread he won't change any of BigE's posts. Post#1..... The key to this method is the Traders Dynamic Index indicator for entries and exits. Post#2..... 1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... Post#11...... I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just...
@Tekkies

It is truly amazing that after more than 5 years and you still no idea what Big E' 5-Method is and have not learn what is his Trading Made Simple in Forex Factory is about.

Here, you need to re-start your trading journey all over again with this:

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 2008. 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..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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