Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 553 replies

Trading Made Simple the right way, and other trading lessons 318 replies

MTF Indicators for the 'Trading Made Simple' system 240 replies

Indicators for the 'Trading Made Simple' system 342 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

Quoting emmanuel7788
{quote} US30 Jan 13 London 9:30am - Price Action M5 swing low reversal - 1minute chart >>> m2m3m5m setup {image} ...
I like the way you have the underlying candles set up with on/off buttons. Would you mind sharing your template with me?
You don't know because you don't ask.
  • Post #128,722
  • Quote
  • Edited Jan 15, 2022 9:18am Jan 14, 2022 4:51pm | Edited Jan 15, 2022 9:18am
Hey guys
Had a question, do you think it would be possible to use currency strength with the TMS Strategy so you know whats in a trend or not? And how do you guys use HTF analysis with TMS? Like example: If you have entries on the 4H TF and you need to know the direction of the 1D TF can you guys explain how you guys do it and what do you use?
Hi emmanuel and everybody,

came across Big E’s method only this week. Used to trade forex around 3-4 years ago but not very successfully and for the last 2 years have exclusively stuck to a a trend following strategy which generates around 20-30percent profit per year for me. Figured I give Big E’s method a try and stick with it to learn it properly. I have quite a few questions:

  1. Entries based on the TDI indicator are quite easy to spot but managing the exit is very difficult for me. What is your experience with setting fixed TP and SL (maybe 2:1?) and then just let the trade play out regardless of profit or loss? Or is that not profitable and is it better to discretion and exit early? The exit advice with the TDI going flat, making a turn in the other direction or crossing the red line in the other direction… there are several options and I always feel very insecure on when to use which rule especially when the market is pulling back or consolidating after entry. I would then always ponder whether the market is consolidating, pulling back or just going nowhere. I personally prefer fixed rules for an exit to avoid this, therefore the question.
  2. Is it ok to enter trades on friday and hold them over the weekend?
  3. Am I correct that after the US market close we avoid trades as there is no significant volume? So in other words the EU and US times are preferred?
  4. Does anyone offer private 1on1 coaching? Like going over past trades based on Big E’s original TME method and giving recommendations on what can be improved?
  5. I actually prefer the daily even more than the 4hour chat, but I am afraid there won’t be a lot of setups and that it might be less profitable than the 4h chart. Is the daily chart a viable option?
  6. And sorry absolute beginner question what does “MEME” stand for? I saw this mentioned a couple of times. Is it the standard original method?

Quoting leekeyne
Hi emmanuel and everybody, came across Big E’s method only this week. Used to trade forex around 3-4 years ago but not very successfully and for the last 2 years have exclusively stuck to a a trend following strategy which generates around 20-30percent profit per year for me. Figured I give Big E’s method a try and stick with it to learn it properly. I have quite a few questions: Entries based on the TDI indicator are quite easy to spot but managing the exit is very difficult for me. What is your experience with setting fixed TP and SL (maybe 2:1?)...
20% per year is good. Stick with it rather than jumping around!
What is your strategy?
Quoting faktmany
Please note: Each green arrow is an entry point and at the same time the candle closes at the extreme above or below the previous trend. You can hold the position until each next candle closes below or inside the previous candle. - this is for a downtrend and vice versa for an uptrend. What do you think about this, If you look at the stories, it works just great) Watch the close of the candle! {image} Until then, you can hold the position and close on the red arrow, where the candle closed above the previous ones for the first time! A little lower...
Dear Sir ! Добрый день !

First, thanks for your detailed presentation of your strategy. I really like it and I try to learn a lot from it. The most logical strategy, similar to Emmanuelle’s.
Some questions! Do you chose to trade S&P because of it’s low spread ? Some of your charts, I can not see the timeframe, but as I guess 5 min is your core Chart? What time of the day do you trade ? Are you able to focus on 5 min charts for many hours or trade at some certain periods of the day ? Do you prefer HA or bar Chart or do you watch both of tham ?
What is your money management, I mean your stop loss, because you explained clearly your TP?
Many thanks for sharing your thoughts with the community !
Bests
Szabolcs
Quoting faktmany
Please note: Each green arrow is an entry point and at the same time the candle closes at the extreme above or below the previous trend. You can hold the position until each next candle closes below or inside the previous candle. - this is for a downtrend and vice versa for an uptrend. What do you think about this, If you look at the stories, it works just great) Watch the close of the candle! {image} Until then, you can hold the position and close on the red arrow, where the candle closed above the previous ones for the first time! A little lower...
Sorry, can't understand how you enter, what is the logic?
Quoting here2there
{quote} I like the way you have the underlying candles set up with on/off buttons. Would you mind sharing your template with me?

Hi

the original is in this thread/post by BanzaiFX.

M-candles button
https://www.forexfactory.com/thread/...3#post13079433

you can configure multiple of this with different TF and button location on the same chart.

let me know if you need help.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Ttxiii
Hey guys Had a question, do you think it would be possible to use currency strength with the TMS Strategy so you know whats in a trend or not? And how do you guys use HTF analysis with TMS? Like example: If you have entries on the 4H TF and you need to know the direction of the 1D TF can you guys explain how you guys do it and what do you use?

Big E' Trading Made Simple is easy for him. He enters his 4hr trade at 10PM and/or 2AM and he close his trades at 6AM.
Did he ever mentioned about checking any currency strength back in 2008 to 2010?
Answer: NO.
But some traders did check some kind of currency strength and use that to pick the better pairs and setups when they are day trading H1 and below.


HTF Analysis - YES! Post#647 .

If you apply Post#261 to say 3 different timeframes and pick the best setups, you will win more trades.

Which chart below is easier for HTF analysis?

Chart #1
- compare 5-Method' 5EMA Typical Price, Shift+2 and 10EMA
- use the Power of 10EMA by Tango.

> in which week the uptrend started?

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan14 NYClosed H4 1050200EMA 16-1-2022 9-38-47 am.png Size: 66 KB


Chart #2
- just use the old 'Yellow Brick Road' aka Price Action Channel PAC

> when did the Weekly show a completed swing low?

> when did the Weekly closed above the PAC high?


Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 Jan14 NYClosed PAC 16-1-2022 9-42-20 am.png Size: 57 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting neilpryde
{quote} Уважаемый сэр! Добрый день ! Во-первых, спасибо за подробное представление вашей стратегии. Мне...
It all started with Larry Levin's strategy - that's why I trade the S&P 1) I look at the M30 chart. If the candle closes higher than the previous one, then I switch to M1 2) On M1 on HA, I wait for a rollback and enter the trend according to M30, setting a goal of 500 points on MT5, this is 2.5 points of S&P mini=$250 I place a pop behind the edge of the M1 candle and the position can be held along M5 until the candles close above or inside the previous candle. I trade during the London session and America The picture shows a simple example of how you could take 7 times 500 points each))
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_5.png Size: 71 KB
Attached File
File Type: pdf Larrylevin One Time Framing Technique.pdf   774 KB | 141 downloads

Stop 1 can be placed even on the first closed green candle, in most cases the stop will not work I almost always bet behind the low of the previous candle 2
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_6.png Size: 16 KB


Here is another simple full-fledged option to stretch pips in any direction. Candles HA M1 Candles M15 button The arrows show the entry options.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_8.png Size: 94 KB


Here is my favorite approach to trading. The trend filter is an M10 Heineken candlestick chart The entrance is also on M1 and closed. candles M5 Trend up until each candle closes above or inside the previous one, close the position by changing the average to M5 - if the candle closes in the opposite direction
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_9.png Size: 158 KB


And as Big E said - you will have a car with pips
Attached Image (click to enlarge)
Click to Enlarge Name: wheelbarrow.png Size: 94 KB
HI
do follow all input but seem to be some trade is a gamble maybe a am wrong but won't take some of the trade been shown.
anywhere many thanks for your input.
Hi everyone,

decided to really live-trade this with a small 1k live account which I can afford to lose. Been reading lots of old posts from Big E starting from page 1. It is really fascinating and amazing to see the development of this thread and Big E's legacy still continuing today. Gives me goosebumps when I think about it... Anyway, I will personally stick to trading the daily charts only as it works the best in conjunction with my work. Here is my first trade that I opened on AUDJPY. The pullback gave me a better signal than the signal candle before, so I decided to pull the trigger. Happy to hop on the TMS ride with all you guys!
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2022-01-17 um 09.09.49.png Size: 257 KB
Took 2 trades, the second one is still working
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_13.png Size: 50 KB



Closed, total 1000 points 800 and 200
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_14.png Size: 10 KB
Quoting faktmany
Took 2 trades, the second one is still working{image} Closed, total 1000 points 800 and 200{image}
Thanks for your posts !

Please keep on posting, it is really inspire us. Why do you use MT5 !
Keep on !
Entered two new short trades as daily candles are about to close on my charts and show two solid TDI crossovers. One is GBPUSD and the other one is GBPSGD.
Attached Images (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2022-01-17 um 22.45.19.png Size: 266 KB Click to Enlarge Name: Bildschirmfoto 2022-01-17 um 22.47.46.png Size: 258 KB
GBP pairs Daily Jan 18

Attached Image (click to enlarge)
Click to Enlarge Name: GBP pairs Jan18 D1 18-1-2022 8-44-10 am.png Size: 92 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting neilpryde
{quote} Thanks for your posts ! Please keep on posting, it is really inspire us. Why do you use MT5 ! Keep on !
I use AMP Global broker, they don't have mt4 but minimum fees!!! (not for advertising)
I placed this post in the Trading Made Simple(r) thread and discovered I was in the wrong place, so I hope it can find a place here?

NZDJPY H4. I placed a sell stop order in case price continues up for a while. The series of lower swing points is what gave me the confidence to take this trade. Also, the HTFs support this bearish bias. The last four candles are all dojis, which usually signals a change. Note: trade was triggered since original posting.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy h4.png Size: 20 KB
Quoting Spudfan
I placed this post in the Trading Made Simple(r) thread and discovered I was in the wrong place, so I hope it can find a place here? NZDJPY H4. I placed a sell stop order in case price continues up for a while. The series of lower swing points is what gave me the confidence to take this trade. Also, the HTFs support this bearish bias. The last four candles are all dojis, which usually signals a change. Note: trade was triggered since original posting. {image}
Hmm the TDI angle looks super flat to me though. The wicks in both direction in the previous candle indicate indecision as well. The current candle is also quite small. My view is that there is no real momentum yet.
Quoting leekeyne
{quote} Hmm the TDI angle looks super flat to me though. The wicks in both direction in the previous candle indicate indecision as well. The current candle is also quite small. My view is that there is no real momentum yet.
Thanks leekeyne

I had a look at some comments by Big E (a compiled pdf of his posts) and saw this, which speaks to your point.

When checking out the TDI for a possible trade: Think of a wall clock here and its arms... you
want to see the green line for a long trade at the 12-2 angle for best results and a short trade
at a 4-6 angle... If the green line looks like it's at a 2-4 angle... it's weak. Pass on it.

This extract from my post shows exactly that, a 2-4 angle. Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy 2-4 angle.png Size: 2 KB
Quoting leekeyne
{quote} Hmm the TDI angle looks super flat to me though. The wicks in both direction in the previous candle indicate indecision as well. The current candle is also quite small. My view is that there is no real momentum yet.

good observations.

I look at the swing highs and swing lows with Fractals ... that big bar/candle is in question ... I would not take that trade.

Attached Image (click to enlarge)
Click to Enlarge Name: NJ spudfan post chart 18-1-2022 7-18-10 pm.png Size: 105 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
8 traders viewing now, 2 are members:
kevinfeng
,
6666