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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

  • #128,781
  • Jan 24, 2022 5:02pm Jan 24, 2022 5:02pm
Quoting emmanuel7788
{quote} 5-Method technicals - do not worry about the TDI D1 nearing 32-level. Check Weekly, we are still in the swing high bar0 in this Week. When one timeframe is in perceived over-sold or over-bought, the next higher timeframes dictate the market type condition. The full TDI has more technical information than what Big E used because he was a short term trader on his 4hr. Weekly has room down to BRN 1.800ish. Trade Management and Trading Psychology "To maximize profits we must be prepared to give back to the market 50% of what the market gave...
GBPSGD

Weekly current swing high

Attached Image (click to enlarge)
Click to Enlarge Name: GBPSGD Weekly swing high 25-1-2022 8-58-52 am.png Size: 88 KB


> just watch until this Week close in 4 days...

> study and observe the H4 price action and the TDI' RSI green price line and the blue volatility band VB .... potential H4 consolidation when the green line re-enters the VB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,782
  • Jan 24, 2022 5:14pm Jan 24, 2022 5:14pm
Quoting RickM
{quote} Hi Emmanuel Haven't being following the TMS thread for quite a while - are you back trading MEME. Brings back some memories from 2016. Dusted my old EA off, gave it a buff - lets have some fun. Also loaded up AUDJPY with my Selling MEME EA - also 35 pip gap with 35 pip take profit and of course re-enter. EURJPY would of been good too but I'm sticking with safety first and keep to AJ. I prefer running MEME on H1, I feel it provides clearer visuals but that's just me. Now its running, back to my scalping. Cheers

Hi Rick

Yes, let's have some fun with the early version TMS MEME.

Reason is I have many PMs from members asking about TMS MEME and TMS EVO.
So it is better for them to start learn TMS MEME and gain some experience then only they can appreciate the simple and stress-free way to trade Big E 5-Method and make some money. They do not have to risk 15% to 30% of their USD10k account trading full 2 to 4 standard lots all in one single entry trade like Big E.

more posts coming up in 2022.

stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,783
  • Jan 24, 2022 5:22pm Jan 24, 2022 5:22pm
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?)...
what does “MEME” stand for? I saw this mentioned a couple of times. Is it the standard original method?


MEME - Multiple Entries Multiple Exits.

The trading method remains the same - Big E' 5-Method and we use MEME when swing trading the 4H and the Daily/Weekly charts.

We do not risk all our money entering full lots in one single entry trade. Like Big E he would risk 15% to 30% of his USD10k account in one single trade.
MEME allow us to trade small positions and build up baskets of trades.

Watch this video and learn about Money Management before we go into trading in realtime live market.

Inserted Video


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,784
  • Jan 24, 2022 5:27pm Jan 24, 2022 5:27pm
US Markets Jan 25

> lots of FEAR and GREED

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Click to Enlarge Name: US Markets Jan 25 Fear and Greed 25-1-2022 9-24-56 am.png Size: 50 KB

> you need to have BOTH ...
..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,785
  • Jan 25, 2022 3:11am Jan 25, 2022 3:11am
Closed my short AUDJPY trade yesterday night and my USDCAD long trade as well. Question for Emmanuel. When I reference Big E's past posts, he usually closed his trades when large candles with large wicks appear. This is the reason why I exited. Is this too conservative? Would you let it play it out longer first?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCAD.png Size: 223 KB
  • #128,786
  • Edited 3:25pm Jan 25, 2022 3:21am | Edited 3:25pm
Quoting emmanuel7788
{quote} 5-Method technicals - do not worry about the TDI D1 nearing 32-level. Check Weekly, we are still in the swing high bar0 in this Week. When one timeframe is in perceived over-sold or over-bought, the next higher timeframes dictate the market type condition. The full TDI has more technical information than what Big E used because he was a short term trader on his 4hr. Weekly has room down to BRN 1.800ish. Trade Management and Trading Psychology "To maximize profits we must be prepared to give back to the market 50% of what the market gave...
Puh, quite a few questions regarding this as MEME is very new to me:
1. Regarding the GBPSGD trade, do you mean exiting partially at these TP levels or trailing a single exit? I usually just set a SL with 2% position sizing and then trail a single SL exit.
2. MEME allows for quite a few different possibilities. Do you commit to one MEME strategy or change it up based on the chart?
3. Does that mean a single entry and exit is less profitable? And how about MEME vs SEME? I think I personally prefer 1 entry without scaling in.
4. Does the short time 4h method entering before the London open and closing all trades before US open still work? I mean one does not have to trade such huge position sizing such as Big E.

Thanks a lot Emmanuel! I will definitely watch your video to understand this better.
  • #128,787
  • Jan 26, 2022 1:44am Jan 26, 2022 1:44am
Trading Made Simple Big E' 2AM 4Hr candle in 18 mins....

- do you trade TMS or the 5-Method?

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan26 H4 18mins to 2AM PDT.png Size: 44 KB


V19 Information Expert Advisor EA


Attached Image (click to enlarge)
Click to Enlarge Name: EU jan 26 H4 V19 18mins to 2Am PDT 26-1-2022 5-41-59 pm.png Size: 76 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,788
  • Jan 26, 2022 8:08am Jan 26, 2022 8:08am
https://assets.faireconomy.media/nfs...ar86801_11.gif emmanuel7788

do you know how to setup Blessing EA to add to the current position only if the market goes in my favor .... i cant find how to do that ... it create grid only if the market goes against me ....

regards
  • #128,789
  • Jan 26, 2022 4:07pm Jan 26, 2022 4:07pm
Quoting danielbujor
{image} emmanuel7788 do you know how to setup Blessing EA to add to the current position only if the market goes in my favor .... i cant find how to do that ... it create grid only if the market goes against me .... regards
trading made simple expert advisors ...

there is a lot of study and work to do in order to achieve 'Evolution X'.

>>> { here }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,790
  • Jan 26, 2022 4:09pm Jan 26, 2022 4:09pm
Quoting emmanuel7788
Trading Made Simple Big E' 2AM 4Hr candle in 18 mins.... - do you trade TMS or the 5-Method? {image} V19 Information Expert Advisor EA {image} ...
Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan26 H4 2AM setup 26-1-2022 6-00-13 pm.png Size: 76 KB


a TMS 5-Method setup that worked out ...

thanks to FOMC !

Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 Jan 27 AFTER FOMC 27-1-2022 7-59-04 am.png Size: 100 KB


today would be the same approach ... trade the Daily CONTINUATION setups in lower timeframes H4 and H1 .

use Money Management strategy and do you trade Position Sizing, manage every trade setup's risks.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,791
  • Jan 30, 2022 4:22am Jan 30, 2022 4:22am
Quoting emmanuel7788
{quote} {image} a TMS 5-Method setup that worked out ... thanks to FOMC ! {image} today would be the same approach ... trade the Daily CONTINUATION setups in lower timeframes H4 and H1 . use Money Management strategy and do you trade Position Sizing, manage every trade setup's risks. ...

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan26 H4 2AM setup 26-1-2022 6-00-13 pm.png Size: 76 KB

EURUSD Jan 28 NY Close review

- we have a good run down last week following the Daily price action CONTINUATION

- as we expected the H4 went sideways when the TDI' RSI green price line re-enters the VB, price action is a H4 Master Candle consolidation was leading and the TDI as usual is lagging the price action

- next week will trade TMS MEME sell

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan 28 NYClosed 30-1-2022 8-14-53 pm.png Size: 113 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,792
  • Jan 30, 2022 4:23am Jan 30, 2022 4:23am
Quoting emmanuel7788
{quote} EURUSD Jan 28 NY Close review - we have a good run down last week following the Daily price action CONTINUATION - as we expected the H4 went sideways when the TDI' RSI green price line re-enters the VB, price action is a H4 Master Candle consolidation was leading and the TDI as usual is lagging the price action - next week will trade TMS MEME sell {image} {image}

EURUSD Jan 31 to Feb 04

- Weekly has a swing high fractal

- sell TMS MEME

- follow price action and the PAC ...'yellow brick road'



Attached Image (click to enlarge)
Click to Enlarge Name: EU jan 28 NYClose PAC 30-1-2022 8-16-59 pm.png Size: 58 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,793
  • Jan 30, 2022 4:32am Jan 30, 2022 4:32am
AUDCAD Jan 31 to Feb 04

- sell TMS MEME

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Jan28 NYClose PAC 30-1-2022 8-30-45 pm.png Size: 60 KB


..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,794
  • Jan 30, 2022 4:47am Jan 30, 2022 4:47am
EURGBP Jan 31 to Feb 04

- very tempting to sell next week seeing Weekly and Daily ...

- but ...


Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Jan28 NyClose 30-1-2022 8-41-02 pm.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,795
  • Jan 30, 2022 7:44am Jan 30, 2022 7:44am
hi there & greetings for all
this is my first post here and i wanted it to be useful & productive

i see this strategy is very active, but i wonder
why i cant see people who are consistent profitable by using this thread ?
where is bigE ?
does he enjoy now with his wealth ,so he stopped posting?
or, just his method is vanished by time and its no more working (notice that thread published in 2011 & now we are in 2022)

also i dont see high impact members here except emanuel , with all my respect to him, but i just see him posting charts rather than live trades

so, i decided to spend some of my time to code Expert Advisor about this method
the EA is simple and it depends on:

H4 chart
TDI green crossing red
angle of TDI
entry at beginning of candle no.1 or no.2
take profit 20 pips
exit when tdi hooks
trading time 4 to 16 GMT

i coded it to sell only (it doesn't open buy trades), i just wanted to focus on one side and study it.

i am not a good programmer, so dont expect miracles from me .

i have read most of the PDF of this strategy and i think there are no more ideas that can be added to the EA.
i see emanuel talking about t5 method (i didn't read it, i just want to focus on bigE original method)

i just wanted to share my results.
if any one has ideas, you can tell me and i will test it
till now the EA is very disappointing
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  • #128,796
  • Jan 30, 2022 7:52am Jan 30, 2022 7:52am
i forgot to mention the period of back testing of my EA
its 3 years (from jan 2018 to dec 2020)

also i see good setups that my EA did`t enter, i`m still trying to solve this problem
  • #128,797
  • Jan 30, 2022 2:31pm Jan 30, 2022 2:31pm
Quoting muv
hi there & greetings for all this is my first post here and i wanted it to be useful & productive i see this strategy is very active, but i wonder why i cant see people who are consistent profitable by using this thread ? where is bigE ? does he enjoy now with his wealth ,so he stopped posting? or, just his method is vanished by time and its no more working (notice that thread published in 2011 & now we are in 2022) also i dont see high impact members here except emanuel , with all my respect to him, but i just see him posting charts rather...
"where is bigE ?"

The OP died in Oct 2012.

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 traders 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
  • #128,798
  • Jan 30, 2022 3:06pm Jan 30, 2022 3:06pm
Quoting emmanuel7788
{quote} I pick AUDJPY and trade TMS MEME sell Daily. - Stop loss (cut-loss) above previous 2-weeks high - 0.5 ADR(100) is about 35 pips distance between orders, maximum 5 orders per basket. - manage using Average Entry Price AEP of each basket. {image}

AUDJPY TMS MEME Update Jan 31:

- TMS MEME sell continues this week

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H4 V19 Jan31 Sydney Open 31-1-2022 7-04-31 am.png Size: 102 KB


Last week's trades closed,

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Trader Report closed traded Jan 24-28 31-1-2022 7-03-31 am.png Size: 36 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,799
  • Jan 30, 2022 3:15pm Jan 30, 2022 3:15pm
Quoting muv
i forgot to mention the period of back testing of my EA its 3 years (from jan 2018 to dec 2020) also i see good setups that my EA did`t enter, i`m still trying to solve this problem

you did not consider the Price Action according to Big E' Post#261.

> there must be Swing High and Swing Low,

> Price Action PA is the HA candles

> the 5EMA Typical Price , Shift+2 is for the direction of the Price and PA

> then there must be the True REVERSAL setup signal by the Stoch(8,3,3) slope 12-2 (buy) and 4-6 (sell).

> then the TDI' RSI green price line must also show the same signal 12-2(buy) and 4-6 (sell)



before all that above, you must already have a Big Picture of the market and know what the Market Type conditions are for example if the Weekly and Daily are trending or sideways. (Post#647).

Use your own experience and make discretionary decision when to take a trade and when to stand aside.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,800
  • Jan 30, 2022 10:05pm Jan 30, 2022 10:05pm
Quoting muv
hi there & greetings for all this is my first post here and i wanted it to be useful & productive i see this strategy is very active, but i wonder why i cant see people who are consistent profitable by using this thread ? where is bigE ? does he enjoy now with his wealth ,so he stopped posting? or, just his method is vanished by time and its no more working (notice that thread published in 2011 & now we are in 2022) also i dont see high impact members here except emanuel , with all my respect to him, but i just see him posting charts rather than...
hi muv

You want live trade, here is one!

Kiwi Dollar

H4 Big E' 10PM PDT London 6am New York 1am

TMS V19 Information EA

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Jan3 H4 10PM PDT 31-1-2022 2-00-14 pm.png Size: 82 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Jan31 H4 2pm local buy trade 31-1-2022 2-04-40 pm.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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