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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

  • #130,241
  • Apr 1, 2022 11:16am Apr 1, 2022 11:16am
Quoting leedo76
Nice thread and a real credit to Big E, god bless his soul. Well done to everyone who has continued his legacy. By pure coincidence, I was developing my own strategy which is almost identical but using the daily chart and having a shift candle crossing the 5 ema with the TDI crossing. I think this method cleans up my original thoughts, the apb or heiken ashi candles are smoother, so is the 5 MA - from next week I will try this on a daily basis, also on the 4hr charts in demo. One question, I like my TDI on a 21 would that make a big difference?...
Try with any settings you find that works for you. The point is to make it your own and post charts here so others can see and give their inputs.

Daily set ups are far in between but turns out right and be ready for big draw downs too. Most of the traders using TMS go for lower Times from 4hrs and below.
Born to rule my Economic World and Make a Difference!
  • #130,242
  • Apr 1, 2022 7:52pm Apr 1, 2022 7:52pm
Quoting huynhfinance
i don`t see TDI in my indicater. you can upload here ? thank u

Read and follow this below:

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..

Big EMM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,243
  • Apr 1, 2022 7:58pm Apr 1, 2022 7:58pm
Quoting leedo76
Nice thread and a real credit to Big E, god bless his soul. Well done to everyone who has continued his legacy. By pure coincidence, I was developing my own strategy which is almost identical but using the daily chart and having a shift candle crossing the 5 ema with the TDI crossing. I think this method cleans up my original thoughts, the apb or heiken ashi candles are smoother, so is the 5 MA - from next week I will try this on a daily basis, also on the 4hr charts in demo. One question, I like my TDI on a 21 would that make a big difference?...
Traders Dynamic Index ... just a fancy name created by Dean Malone to sell systems.

Using any platform's RSI and add moving averages to the RSI data and add a Bollinger Band to it ... has been around for years .

When you are developing your own trading systems, you need to know a lot more that the OP of this thread. He did share in his old thread how he blend different systems/methods to create new ones. Blending is what many system developers do, they study others systems/methods and take what they think work better.

RSI: The Complete Guide by John Hayden click to [download]

Trend Determination using the RSI (TDI)click to [download]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,244
  • Apr 1, 2022 8:08pm Apr 1, 2022 8:08pm
Quoting emmanuel7788
{quote} DOW US30 April 01,2022 Big E' 5-Method - Daily Inside Bar consolidation witn REVERSAL candle > {image}
DOW US30 Daily chart update:

- price move down and pulled back

- just trade the NYSE m30 range break

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,245
  • Apr 1, 2022 8:15pm Apr 1, 2022 8:15pm
Quoting sharemaster2
{quote} Try with any settings you find that works for you. The point is to make it your own and post charts here so others can see and give their inputs. Daily set ups are far in between but turns out right and be ready for big draw downs too. Most of the traders using TMS go for lower Times from 4hrs and below.

hi @sharemaster2

you have been with Big E when he was trading back in 2010 and 2011,

I believe you know this:

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,246
  • Apr 1, 2022 8:24pm Apr 1, 2022 8:24pm
Quoting emmanuel7788
{quote} AUDNZD Apr01 H1 New York 9:21AM - TDI??? {image} {image}
Now study these screenshots taken one bar at a time.

Look at the price, the price action and how the Stoch and TDI reacts to the price action.


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more coming up next,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,247
  • Apr 1, 2022 8:25pm Apr 1, 2022 8:25pm
hi Big EMM,

how do u use 1/3rd of ADR indicator for intraday trading?
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  • #130,248
  • Apr 1, 2022 8:36pm Apr 1, 2022 8:36pm
Quoting T4Trade
hi Big EMM, how do u use 1/3rd of ADR indicator for intraday trading? {image}
Just use the ADR(10) days or the default ADR(30) default for intraday trading. I recall Steve Mauro use the ADR(30) days.

You can of course use any % level between the ADR High and ADR Low with your own rules.
Like for example partial exit, and/or move initial SL to reduce the risk, etc.... lots of other rules you can consider in your trading system development.

THV CaveManager EA trade manager has many options for your to consider too.

I only use ADR(100) days 0.25ADr and 0.5ADR for TMS MEME basket trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,249
  • Edited Apr 2, 2022 12:39pm Apr 1, 2022 8:36pm | Edited Apr 2, 2022 12:39pm
The best way to trade the forex market and make substantial profits: Remember price is the best indicator

-Whats important to understand is that when a currency pair such as gbpchf moves, its not just a currency pair, but the supply of gbp in the whole market is affected, as well as -any currency that is bought or sold
-Theres a lot of shit out there about losses and percentages and shit like that. When you trade forex, your goal should be 100% winning trades
-The european currencies - eur, gbp, and chf move together, and the commodity
currencies - aud, nzd, and cad move together
-We'll look to trade a commodity currency with a european currency
-If you're trading gbpnzd and youre looking at all the gbp and nzd pairs, you'll have a difficult time finding a good trade because they move very much alike and have similar support and resistance levels
-So you'll want to look at chfaud, chfcad, euraud, and eurcad. I say chfaud and chfcad instead of the other way around because it matches with gbpnzd
-We'll use the line chart when looking at the monthly and weekly chart and the candlestick chart for the day chart
-We'll be trading on the day chart. On the month chart, or any chart, you dont need to go back any further than whats on your screen
-So lets look at the gbpnzd month chart. Its in a down move right now, around the 70% level. Anything below the 50% level is considered a down move.
-Now look at euraud. Its in a down move also at around 60%
-chfcad is overbought and in a downmove at around 20%
-There are still other s/r levels below where gbpnzd is at so gbpnzd is probably still going down.
-You may want to look at the live charts also
-Week chart: Gbpnzd down around 70% also. chfcad down around 70% but its been going up a little bit.
-Euraud is down at the 90% level and its going up a little bit also
-Gbpnzd is at a good s/r level so it may be going up a bit. Remember the general trend is probably still down so thats where we would want to trade. Now lets go to the day chart candlestick chart
-Check out gbpnzd just to see where its at. After a bid down move theres been one up candle and the current candle is up. Euraud, after a big down move theres been 3 up candles and now its on its 2nd down candle. So gbpnzd may be going back down. cadchf after a big down move there was 3 up candles, its at an s/r level level and now its on a down candle. So we'll look for gbpnzd to make a similar move. Find a good s/r level perhaps it may be approximately 3 candles up and thats where we'll look for a down trade. When it gets to the level we'll want to make sure euraud and cadchf hasnt had a recent upmove or isnt in an upmove

Contact me at 213-586-7841 for more info
  • #130,250
  • Apr 1, 2022 8:42pm Apr 1, 2022 8:42pm
@Tekkies, @DrDave,@7788.

Should one ever fade a TDI cross?
If you are good at something, never do it for free--Joker
  • #130,251
  • Apr 1, 2022 9:27pm Apr 1, 2022 9:27pm
Quoting jmn5611
@Tekkies, @DrDave,@7788. Should one ever fade a TDI cross?
Definitely not "the Chicago Way"...
  • #130,252
  • Apr 1, 2022 9:44pm Apr 1, 2022 9:44pm
Quoting jmn5611
@Tekkies, @DrDave,@7788. Should one ever fade a TDI cross?
What do you see as fade Jmn?

You already know this one;
#6.....Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.
  • #130,253
  • Apr 1, 2022 9:59pm Apr 1, 2022 9:59pm
Quoting jmn5611
@Tekkies, @DrDave,@7788. Should one ever fade a TDI cross?

YES!

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,254
  • Apr 1, 2022 10:05pm Apr 1, 2022 10:05pm
Quoting Tekkies
{quote} What do you see as fade Jmn? You already know this one; #6.....Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

there is more confusion here with Post#6.

>>> Conservative (conserative) traders are confused with Big E' Aggressive trading style rules.

Read Post#7612

WHEN TO EXIT -----------------

OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.

However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally.

Attached Image (click to enlarge)
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" Let Profits Run "
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,255
  • Edited 10:53pm Apr 1, 2022 10:39pm | Edited 10:53pm
Quoting Tekkies
{quote} What do you see as fade Jmn? You already know this one; #6.....Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.
A fade is when you see a cross that is very against the trend. This is not discussed very often I noticed, and it leads to bad trades.
Attached Image (click to enlarge)
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This chart shows a clear cross. Stoch confirms. Price closes above the 5 ema, the cross is below the 32 line. HA candle flips.

But is it a reversal, or is the TDI just showing a tradeable pullback?
If you are good at something, never do it for free--Joker
  • #130,256
  • Apr 1, 2022 10:47pm Apr 1, 2022 10:47pm
Quoting emmanuel7788
{quote} YES! {image}
Did you ever post your personal answer to why that sell should be avoided ? There is more than one reason on that chart from what I can see. What is your view?
If you are good at something, never do it for free--Joker
  • #130,257
  • Apr 1, 2022 11:02pm Apr 1, 2022 11:02pm
Quoting robots4me
{quote} Definitely not "the Chicago Way"...
On the weekend I like thought experiments. BTW, I hung out with Parisboy and his crew awhile ago. Harmonics is a very interesting subject.
If you are good at something, never do it for free--Joker
  • #130,258
  • Apr 2, 2022 12:47am Apr 2, 2022 12:47am
Quoting jmn5611
{quote} A fade is when you see a cross that is very against the trend. This is not discussed very often I noticed, and it leads to bad trades.{image}This chart shows a clear cross. Stoch confirms. Price closes above the 5 ema, the cross is below the 32 line. HA candle flips. But is it a reversal, or is the TDI just showing a tradeable pullback?
TDI green is below 2 (almost flat at 3)
Against long term trend.
Fail already once on 9th to move up past 32
Bar 0 looks like dojo.
----
On the daily > No trade
H1 / H4 > might have had a profitable gross over with a trailer stop close with some pips.
  • #130,259
  • Apr 2, 2022 2:00am Apr 2, 2022 2:00am
want to know if RSI is the same as TDi as it is on my chat
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  • #130,260
  • Apr 2, 2022 3:43am Apr 2, 2022 3:43am
Quoting Enagy
want to know if RSI is the same as TDi as it is on my chat {image}

what I see on your chart is RSi with MA.
it is commonly use by traders and in another variant of COWABUNGA trading system.

TDI Traders Dynamic Index is just a fancy name given to the Fozzy-RSI for marketing purposes and to sell systems and subscription.

If you do not trade using MT4 platform, you can create the TDI on any other platfomr using the Fozzy-RSI method.

How to create the TDI using RSI available in other platform: Post#15,546

Fozzy RSI Method Post#59,617

read this book - RSI: The Complete Guide Post#27,110 by John Hayden

Try Google "Fozzy RSI" or "Fozzy System" or "Fozzy Daily". You will find many trading forums which dicussess this maintenance free trading methodology which goes far back to 2004.

Here in Forex Factory we have several threads:

Can you make 40% in one month? http://www.forexfactory.com/showthread.php?t=25984

Other FF threads on Fozzy :
http://www.forexfactory.com/showthread.php?t=108544
http://www.forexfactory.com/showthread.php?t=44807
http://www.forexfactory.com/showthread.php?t=26265
http://www.forexfactory.com/showthread.php?t=30305

It is time tested and works.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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