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Monitor for 'Trading Made Simple' system 565 replies

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

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

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #126,541
  • Oct 10, 2021 4:47pm Oct 10, 2021 4:47pm
Quoting pips29
{quote} so you still insist on a challenge. I'm up for it. Tell me how much you want to start with and for how long, any target? let's make it more interesting . The one who loses leave the thread and never come back. Tell me which broker you want so we can have everything the same, it's fair. I don't want you starting on a red TE..man enough good ,just say when and one more thing ,do not pm me anymore
Heh, I love these challenges. They almost never get off the ground, but they are still fun to read!
If you are good at something, never do it for free--Joker
  • #126,542
  • Oct 10, 2021 5:02pm Oct 10, 2021 5:02pm
Quoting jmn5611
{quote} Heh, I love these challenges. They almost never get off the ground, but they are still fun to read!
Let's make it work this time. Perhaps you can be the organiser, judge and jury.

.
the cautious seldom err....C
  • #126,543
  • Oct 10, 2021 5:14pm Oct 10, 2021 5:14pm
I trade GC and EC but since he hasn't got these pairs it would be unfair if I trade these and he cannot, so I let him have the benefit of choosing a broker and I join the same broker starting with the same amount with the same leverage..Can I be more fair than this? Let me know if there's anything fairer?
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the cautious seldom err....C
  • #126,544
  • Oct 10, 2021 5:23pm Oct 10, 2021 5:23pm
perhaps , a reminder is timely
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the cautious seldom err....C
  • #126,545
  • Oct 10, 2021 7:06pm Oct 10, 2021 7:06pm
Quoting eelfranz
We only use Heiken Ashi candles... that's important. We want you to be an active member asking questions, posting charts and making observations when possible. Start trading a Demo account until you build your confidence and only then consider switching to a live account...

Today, October 11, 2021


a day to remember eelfranz aka Big E


thank you for sharing your trading journey in Forex Factory


you have helped many people get on to their trading journey during your time here and more after you left us


your true spirit to help others shall remain in this thread as you had wished that we develop this thread together.


Thank you and may your soul rest in eternal peace.



Attached Image (click to enlarge)
Click to Enlarge Name: Eric Franz 1942 to 2012.png Size: 367 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,546
  • Oct 10, 2021 7:17pm Oct 10, 2021 7:17pm
Quoting jmn5611
{quote} Thank you for the explanation Vince.
I have not explained everything yet. You have witnessed the reaction of the full time trolls who are great trading gurus in this thread.

Slowly digesting all the powerpoint material and notes I written listening to that online presentation.

The process to write the trading handbook just started today and with live trades. Also to use some of existing tools to help with market order, Sl and TP ... 'set-and-forget' trading.

AJ Oct 11 M5 scalping

- market open with gap down and filled the gap quickly
- Daily made a new high and pulled back
- that's where the scalp starts
- first cycle closed +10pips
- now wait for the next trade setup

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Oct11 M5 scalp trade closed 11-10-2021 7-51-01 am.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,547
  • Oct 10, 2021 7:19pm Oct 10, 2021 7:19pm
Quoting emmanuel7788
{quote} I have not explained everything yet. You have witnessed the reaction of the full time trolls who are great trading gurus in this thread. Slowly digesting all the powerpoint material and notes I written listening to that online presentation. The process to write the trading handbook just started today and with live trades. Also to use some of existing tools to help with market order, Sl and TP ... 'set-and-forget' trading. AJ Oct 11 M5 scalping - market open with gap down and filled the gap quickly - Daily made a new high and pulled back...

AJ Oct11 M5 scalping

- missed this setup at today' Day first new low

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Oct 11 missed day low.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,548
  • Oct 10, 2021 7:38pm Oct 10, 2021 7:38pm
Quoting emmanuel7788
{quote} AJ Oct11 M5 scalping - missed this setup at today' Day first new low {image}

UCad Oct 11 M5 scalp

+10 pips

- this entry could have been 2 Ha candles earlier

- after the Day new high formed

Attached Image (click to enlarge)
Click to Enlarge Name: UCad Oct M5 scalp 11-10-2021 8-36-14 am.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,549
  • Edited 8:07pm Oct 10, 2021 7:46pm | Edited 8:07pm
Quoting jmn5611
{quote} Heh, I love these challenges. They almost never get off the ground, but they are still fun to read!

there was one started by MoneyZilla ( here }

I got the invitation by Botan626 { here }

I did it { here }

that shut up a few people.

I am look forward to new challenges everyday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,550
  • Oct 10, 2021 7:57pm Oct 10, 2021 7:57pm
Quoting emmanuel7788
{quote} UCad Oct 11 M5 scalp +10 pips - this entry could have been 2 Ha candles earlier - after the Day new high formed {image}

GBPNZD Oct 11 M5 scalp trade

+10pip

- simple when have written down rules and you follow your rules

- the rest is left to the market to decide your exits SL or TP
Attached Image (click to enlarge)
Click to Enlarge Name: GN Oct 11 M5 scalp 11-10-2021 8-54-24 am.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,551
  • Oct 10, 2021 7:59pm Oct 10, 2021 7:59pm
Quoting emmanuel7788
{quote} GBPNZD Oct 11 M5 scalp trade +10pip - simple when have written down rules and you follow your rules - the rest is left to the market to decide your exits SL or TP {image}

GBPUSD Oct 11 M5

- this a a challenging one.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Oct 11 M5 challenging one 11-10-2021 8-57-55 am.png Size: 43 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,552
  • Oct 10, 2021 8:41pm Oct 10, 2021 8:41pm
Quoting DrDave
{quote} On which page do I find method 5? LOL. The 5-method discussion is the reason that this thread was started!! Start reading from post #1 and you will find the few indicators used and the "rules" that BigE presented as well as training charts.

I follow this topic, it already has a rhythm. I found someone some PDF about method 5, so I asked.
  • #126,553
  • Oct 10, 2021 9:09pm Oct 10, 2021 9:09pm
5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading

https://forums.babypips.com/t/5-thin...-trading/73065
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,554
  • Oct 10, 2021 9:11pm Oct 10, 2021 9:11pm
Quoting romulorios
{quote} I follow this topic, it already has a rhythm. I found someone some PDF about method 5, so I asked.

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
  • #126,555
  • Oct 10, 2021 9:12pm Oct 10, 2021 9:12pm
Quoting DrDave
{quote} Sure, go ahead and add yet ANOTHER system to your bag of tricks that add to your cluttered and confused mind. I'll just keep using MTF IMT. And not only does it take the same swings that you showed, but nearly the same entries. Plus, it's a simple matter to follow the progression of each swing to higher TFs and take more entries as appropriate. {image}
I'm going to post here the 2 templates I personally use to trade:

1. 5 Method --- (Most simple strategy but works great)

Use Heiken Ashi candles
TDI Indicator set at default
Stochastics set to 8,3,3
5 ema, Shift set to 2 or 3, Typical

When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5 pip SL on the 5 minute chart. Works great short & long. Templates on pages 169, 170, 171.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #126,556
  • Oct 10, 2021 9:43pm Oct 10, 2021 9:43pm
Quoting emmanuel7788
{quote} GBPUSD Oct 11 M5 - this a a challenging one. {image} ...
Hi Emmanuel,

I have been catching up on this thread and always like to see the graphs with trade examples from people who have been trading this system for a while.

Am I correct in assuming your recent trade examples are not using this system? I don't see any TDI on your latest trade charts.

Thanks in advance!
  • #126,557
  • Oct 10, 2021 11:24pm Oct 10, 2021 11:24pm
Morning all, just open the chart, I see a big up side move. I know that gbp and cad is strong, but it did not give me opportunity to get in. If price have large movie move in Asian session, it becomes little difficult to handle it rest of the day.
NO FOMO. Probably emm trade gj.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20211011-101850_cropped.png Size: 104 KB
MA provides the market's current direction and strength.
  • #126,558
  • Oct 10, 2021 11:30pm Oct 10, 2021 11:30pm
Quoting emmanuel7788
{quote} GBPUSD Oct 11 M5 - this a a challenging one. {image} ...
Hi Emmanuel,
Could you please explain more about rules to enter and exit trades? Thanks in advance
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #126,559
  • Oct 10, 2021 11:38pm Oct 10, 2021 11:38pm
Quoting pips29
{quote} so you still insist on a challenge. I'm up for it. Tell me how much you want to start with and for how long, any target? let's make it more interesting . The one who loses leave the thread and never come back. Tell me which broker you want so we can have everything the same, it's fair. I don't want you starting on a red TE..man enough good ,just say when and one more thing ,do not pm me anymore
What challenge?
Link a TE to what you post here. Nothing more, nothing less.
------
Are some members to dense to understand plain simple English?
Post 126,526
- Only to verify that those nice profitable trades are the real deal.
Are those that you post really yours?
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thomi