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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

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Trading Made Simple

  • #128,601
  • Jan 3, 2022 6:48am Jan 3, 2022 6:48am
Quoting emmanuel7788
{quote} Hi Zakarh Best Wishes in the New Year 2022 and good health, happiness and wealth ... Let's grow another green year trading the markets with more focus and discipline. {image} ...
Hi Emmanuel7788,

Thanks you !
I hope that this year I will succeed in the market, I still have alot to learn, recently i decided to stop trading the 1 minute timeframe, Fomo is hard ^^.
Discipline leads to consistency it's the key.
Hopefully one day i reach your success !

have a nice day !
  • #128,602
  • Jan 3, 2022 5:59pm Jan 3, 2022 5:59pm
USDJPY Jan04 2020

- the bulls are still very much in control

- key levels to watch 115.43 and 117.00, with lots of 'empty space' in-between during which must keep our ears on the ground for major events in coming weeks

- this week calendar events need some attention

Big Picture

> key historical levels Weekly and Daily

W1
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jan04 W1 Big Picture 4-1-2022 7-49-31 am.png Size: 27 KB


D1
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jan04 D1 Big Picture 4-1-2022 7-50-34 am.png Size: 25 KB




H4 TMA 5-Method

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jan04 H4 pipware 4-1-2022 7-52-18 am.png Size: 55 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,603
  • Jan 4, 2022 3:54am Jan 4, 2022 3:54am
Quoting emmanuel7788
{quote}3) TMS V19 EA {image} TMS V19 is my favourite as it provides the most technical information to make my trade decision. ...
Hi Emmanuel, I hope you doing well,
Can i ask, if you dont mind to share your TMS V19 EA set for the 1 hours or 15 min Timeframe ?
I recently decided to trade higher TF to reduce the noise of the market.
I only trade DAX40 on London session
Thanks a lot !

Have a nice green day !
  • #128,604
  • Jan 4, 2022 3:57am Jan 4, 2022 3:57am
@emmanuel7788.
Happy New year!
I hope that year will be better for us.
Thank you for your study and massages.
  • #128,605
  • Jan 4, 2022 8:05am Jan 4, 2022 8:05am
Hey,
I tryed to add the same settings as you do, hope that is ok
May i ask why does it stay in " Consolidation *** No Trade " cause the DAX was in a good Uptrend today.

Thanks you
Attached Image (click to enlarge)
Click to Enlarge Name: dax40-m15-admiral-markets-group.png Size: 155 KB
  • #128,606
  • Jan 4, 2022 9:35am Jan 4, 2022 9:35am
Quoting emmanuel7788
USDJPY Jan04 2020 - the bulls are still very much in control - key levels to watch 115.43 and 117.00, with lots of 'empty space' in-between during which must keep our ears on the ground for major events in coming weeks - this week calendar events need some attention Big Picture > key historical levels Weekly and Daily W1{image} D1 {image} H4 TMA 5-Method {image} ...
Hello, i am reading almost 1000 pages from the last. can you tell me the indicator of your lower window to check the Higher time frame bias
  • #128,607
  • Jan 4, 2022 10:39am Jan 4, 2022 10:39am
Trade of the day Following Big E Rules : 15 Min TF - Entered Long with 0,05 lot on EURUSD 1,12869 , as soon as i was in profit i started to move my SL to BE , was hited at 1,13160. +29 pips Gained !
( the first trade was closed cause i bought only 0.01 lot so i close it to bought more )
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-admiral-markets-group.png Size: 116 KB
  • #128,608
  • Jan 5, 2022 1:52am Jan 5, 2022 1:52am
Quoting Zakarh
Hey, I tryed to add the same settings as you do, hope that is ok May i ask why does it stay in " Consolidation *** No Trade " cause the DAX was in a good Uptrend today. Thanks you {image}

That message " Consolidation *** No Trade " is taken from another version of the TDI

Traders_Dynamic_Index VISUAL ALERTS see Post#24,293.

TMS_V19 EA will check several technical conditions using several different indicators and display the information on the chart screen.

Example UJ M15 Jan05 at Frankfurt Open 0845am now,

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jan05 M15 TMS_V19 FO 745am 5-1-2022 3-46-41 pm.png Size: 74 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,609
  • Jan 5, 2022 2:10am Jan 5, 2022 2:10am
Quoting Zakarh
{quote} Hi Emmanuel, I hope you doing well, Can i ask, if you dont mind to share your TMS V19 EA set for the 1 hours or 15 min Timeframe ? I recently decided to trade higher TF to reduce the noise of the market. I only trade DAX40 on London session Thanks a lot ! Have a nice green day !

I dont use TMS_V19 when I trade indices.

Example DE40 M15 today at Frankfurt Open hour,

H1 5-bars/candles swing low, then ...

MOMENTUM setup entry M15H1 candle

Attached Image (click to enlarge)
Click to Enlarge Name: DE40 J1n 05 M15 w H1 FO 5-1-2022 4-08-17 pm.png Size: 40 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,610
  • Jan 5, 2022 4:01am Jan 5, 2022 4:01am
Quoting emmanuel7788
{quote} That message " Consolidation *** No Trade " is taken from another version of the TDI Traders_Dynamic_Index VISUAL ALERTS see Post#24,293. TMS_V19 EA will check several technical conditions using several different indicators and display the information on the chart screen. Example UJ M15 Jan05 at Frankfurt Open 0845am now, {image} ...
Hi Emmanuel7788,

Thanks a lot for your clean explanation you're a well of knowledge
Going to try this see if it fix it as soon as im back to home.

Holiday are finish im back at my usual job.. Opening and closing door for prisoner..
I can't stay focus my mind is all the time thinking about the market..

too bad i miss that move on Dax !

Have a nice day !
  • #128,611
  • Jan 5, 2022 6:08am Jan 5, 2022 6:08am
I have come to this party very late. It's sad to know that a good man like Big E is no more.

I am following his method pretty much as set out in the first few pages of this thread, using it on H4. It generates lots of trades, which can be a bit overwhelming, but the amazing thing is, most of them work. I placed 10 trades today (using a 0.01 lot size as a kind of live demo). 9 are in profit, one is close to break-even. If I multiply them up by my usual lot size I would now be about 3.5% up for the day.
  • #128,612
  • Jan 5, 2022 6:21am Jan 5, 2022 6:21am
Quoting snarlyjack
Thunderwolf, The settings I use are: 5 EMA shift +3 typical price (hlc/3) Between the Ema and the TDI on the 4 hour chart in my opinion this system is nailing it. When using this system on the lower charts (1, 5m, 15m in my opinion it's not nailing it as much). Using the 1h, 4h, and daily it seems to be very accurate. I've learned a whole new way of trading! Who would have known... Hope this helps. snarlyjack
This is post #247, way back in April 2011. I would add that there is nothing more to add (except I use Shift-2, which I believe is the default setting on the template). Keep it simple, make money!
  • #128,613
  • Jan 5, 2022 6:25am Jan 5, 2022 6:25am
Quoting snarlyjack
Hey Guys and Gals, One other thing I do that might help someone is... I only look at the 4 hour chart. When I make my trade decisions to open a trade or close a trade I only look at the chart I'am trading, in my case the 4 hour chart. I've tried very hard to simplify my trading. Clean chart! Just 2 indicators, the TDI and 5 Ema +3 Typical price. 4 hour chart!!! Nothing else. Don't over think this! Just trade what you see! Focus on just the 4 hour chart with the 2 indicators. Relax and let everything else go, it's not needed using this simple system....
And this, also from snarlyjack, post #253. Great advice.
  • #128,614
  • Jan 5, 2022 10:10am Jan 5, 2022 10:10am
Quoting Spudfan
I have come to this party very late. It's sad to know that a good man like Big E is no more. I am following his method pretty much as set out in the first few pages of this thread, using it on H4. It generates lots of trades, which can be a bit overwhelming, but the amazing thing is, most of them work. I placed 10 trades today (using a 0.01 lot size as a kind of live demo). 9 are in profit, one is close to break-even. If I multiply them up by my usual lot size I would now be about 3.5% up for the day.
Glad to know you have a good start. Bear in mind it is better you keep this forward testing for longer time to fine tune and evaluate better your trading strategy. I also suggest BigE’s #647 and study his charts.

So far I have trades with BigE’s TMS based on his core elements.

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

I believe Trading Made Simple by BigE is really simple. I don’t see much reason to make it more complicated judging from the performance of its original simplicity laid out by BigE himself. We see traders tends to complicate things here and there, but not necessarily performing better. While TMS is signal based and I am spending very little time to decide trades only when the signals come.

Happy pipping.
  • #128,615
  • Jan 5, 2022 4:58pm Jan 5, 2022 4:58pm
Quoting tareqhasan11
{quote} Hello, i am reading almost 1000 pages from the last. can you tell me the indicator of your lower window to check the Higher time frame bias

Hello TareqHasan

Pipware charts by FF member stratman.

indicators and my templates for Trading Made Simple 5_Method.

Indicators { download } click!

Templates { download } click!

Also checkout these posts:

https://www.forexfactory.com/thread/...9#post13652279

https://www.forexfactory.com/thread/...59#post9588859

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jan04 H4 pipware 4-1-2022 7-52-18 am.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,616
  • Jan 5, 2022 5:07pm Jan 5, 2022 5:07pm
Quoting Zakarh
{quote} Hi Emmanuel7788, Thanks a lot for your clean explanation you're a well of knowledge Going to try this see if it fix it as soon as im back to home. Holiday are finish im back at my usual job.. Opening and closing door for prisoner.. I can't stay focus my mind is all the time thinking about the market.. too bad i miss that move on Dax ! Have a nice day !

Hi Zakarh

It's okay when we missed some great trade opportunities like yesterday's. There will be plenty more trading opportunities this year 2022.

One of the key for trading success is consistency and that requires ***DISCIPLINE***

What is trading DISCIPLINE?
What do we need to do in achieving and maintaining DISCIPLINE?
These are some of our goals in 2022.

How did that DE40 M15 setup in H1 Swing Low ended? If we follow the old 'yellow brick road', we would have exited when the HA candle closed inside the PAC.

Quoting emmanuel7788
{quote} I dont use TMS_V19 when I trade indices. Example DE40 M15 today at Frankfurt Open hour, H1 5-bars/candles swing low, then ... MOMENTUM setup entry M15H1 candle {image} ...
M15/H1 Setup

Attached Image (click to enlarge)
Click to Enlarge Name: DE40 J1n 05 M15 w H1 FO 5-1-2022 4-08-17 pm.png Size: 40 KB


EXIT

> follow the price action of the setup and the H1
> when the H1 fails to make higher high and higher Close, its time to pay attention and be prepared for EXIT.

Attached Image (click to enlarge)
Click to Enlarge Name: DE40 Jan05 M15 EXIT 6-1-2022 6-49-02 am.png Size: 38 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,617
  • Jan 5, 2022 5:28pm Jan 5, 2022 5:28pm
Quoting Spudfan
I have come to this party very late. It's sad to know that a good man like Big E is no more. I am following his method pretty much as set out in the first few pages of this thread, using it on H4. It generates lots of trades, which can be a bit overwhelming, but the amazing thing is, most of them work. I placed 10 trades today (using a 0.01 lot size as a kind of live demo). 9 are in profit, one is close to break-even. If I multiply them up by my usual lot size I would now be about 3.5% up for the day.
Welcome to Trading Made Simple by eelfranz aka Big E.

" better late than never..."

2022 is going to be another fun time here and we are going through the last 10 years - 2012 to 2021 - cycle of developments.

For those who missed TMS-II , TMS MEME and TMS EVO ...

be patient and stay tuned.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,618
  • Jan 5, 2022 5:34pm Jan 5, 2022 5:34pm
Quoting emmanuel7788
{quote} US Markets Jan03, 2022 opening - the year ended with a 'soft-landing' on its final day trading. - will let it run for another few days and resume trading maybe on Jan 06. {image} ...

US Markets Jan 05 first FOMC of the Year 2022

- good thing if you got out of buys before that FOMC date

- now the fun begins,

> there is no 'dead cat bounce' .. at least not yet.

> remember what Big E used to say when he scalp, he would scalp the 4hr? What about scalp the 1hr?

Attached Image (click to enlarge)
Click to Enlarge Name: US Markets FOMC Jan05 6-1-2022 7-30-51 am.png Size: 53 KB


Trade Safe!

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,619
  • Jan 5, 2022 5:45pm Jan 5, 2022 5:45pm
Quoting Spudfan
{quote} This is post #247, way back in April 2011. I would add that there is nothing more to add (except I use Shift-2, which I believe is the default setting on the template). Keep it simple, make money!

Hi Spudfan

Good to read snarlyjack's post. He is one of the pioneer member when Big E started hi trading journey in Forex Factory.

Read the history of Big E' 5-Method Post#110 below:

===========================================
Eelfranz,

THIS HISTORY SHOULD BE PLACED ON PAGE #1.

Here is a brief history of the "Trading made simple by Eelfranz".

When I first met Eelfranz we were studying the system "The
Stochastics Secrets 9-1-2008 by Red Trader". We were evaluating
all the possible ways of trading using Stochastics.

Which led to Craig Harris method 12-11-2009 of different possible
ways of using the Stochastics. Basically stochastics 8-3-3 using
a 15 minute chart with support and resistance.

Which led us to Synergy System with Dean Malone 1-1-2010. And
the finding of the TDI (Traders Dynamic Index) as the main indicator
not the stochastics. Using the stochastic as a secondary indicator.
Also using 1 hour, 4 hour daily charts. Which was new to me because
I was using the 5 minute and 15 minute charts.

Which led to the 5 system (Eelfranz) 1-1-2011 which is the
Trading Made Simple System on the main Forex Factory System
Section. Which is using the TDI indicator as the main indicator
not stochastics with the Ema 5 (typical) shift +3.

So in my mind 9-1-2008 to today 4-26-2011 (2 1/2 years in the making)
all in the search of greater profits with a simple system that is easy
to understand. We are here sharing with our fellow traders at Forex
Factory what we have come up with to be more successful.

If anyone in the future... is interested they can go to the
search function and search our posts starting with Red Trader and
the secrets of stochastics. In my mind this system has been a long
time in the making with hundreds of posts. We felt that it would
be easier for everyone to start a new heading on page 1 without having
to go through hundreds of old posts starting 9-1-2008.

Also I would like to thank Eelfranz for this wonderful learning journey
2 1/2 years and counting. Someone told me "how long is that string
that your pulling on at forex factory in the learning process". For me
it's been 2 1/2 years and still going strong. I've always had the
position of learn as much as you can because the economy is falling
apart and this just might be your next fulltime job so you better
learn. Also forex factory members have been great. Traders learning
from traders free...what could be better...

So once again a big Thank You to everyone and now you know!!!

snarlyjack

==============================================
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,620
  • Jan 5, 2022 5:48pm Jan 5, 2022 5:48pm
Quoting Spudfan
{quote} And this, also from snarlyjack, post #253. Great advice.
For new traders coming to this thread :

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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