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Trading Made Simple

  • #132,201
  • Jun 13, 2022 11:22am Jun 13, 2022 11:22am
Quoting DrDave
{quote} Yes, it is--as long as you continue to keep it simple and not add other indicators and parts of other systems to it. There are plenty of posts in the thread that demonstrate how adding to the 5-method system simply results in problems, not benefits.
Ok DrDave
Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,202
  • Jun 13, 2022 4:38pm Jun 13, 2022 4:38pm
I don't see Dan Malone from compassfx is credited anywhere as inventor of TDI in this thread?
  • #132,203
  • Jun 13, 2022 7:53pm Jun 13, 2022 7:53pm
Quoting ivonivon
I don't see Dan Malone from compassfx is credited anywhere as inventor of TDI in this thread?
How about Munehisa Homma and J. Welles Wilder Jr.? BigE did mentioned Dean Malone as developer of TDI from compassfx. #261 as an example

I thank BigE for spending years to develop this Trading Made Simple method. It captures the essence of BigE's years of trading experience into a simple way to trade, so traders can have a boost in trading development and reach profitability much faster and simpler.
  • #132,204
  • Jun 13, 2022 8:06pm Jun 13, 2022 8:06pm
Quoting LifesAbeach
Hi, I've got a question regarding "every trader needs to have an edge". Does drawing Support and Resistance levels a certain way constitute having an edge? I have backtested TMS with 13 years of data using Forex Tester and it produced an average yearly return of 64% for the 13 years. I draw my support and resistance levels in a way that I have not seen in any book or on any website. I also use my support and resistance levels to determine a place to put in my SL. My understanding is that having an edge means recognizing some sort of behavior pattern...

There are EIGHT EDGES a consistent winning trader must have to start with.

If you have found your unique approach "draw my support and resistance levels in a way that I have not seen in any book or on any website.", and you make money consistently in all market types conditions, then you have added EDGE no.9

What are the top EIGHT EDGES of top winning traders?

>>>Trading Is 100 Percent Psychological<<<
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,205
  • Jun 13, 2022 8:19pm Jun 13, 2022 8:19pm
Quoting ivonivon
I don't see Dan Malone from compassfx is credited anywhere as inventor of TDI in this thread?

Big E, the OP of this thread has supported CompassFX and Dean Malone since 2005 when Dean launched his first Synergy trading model. He helped promote CompassFX for several years and he took the Traders Dynamic Index from Dean Malone' original version of the Synergy trading model and cannibalized that and blended that with other system as his helping indicator when he was trading Craig Harris Stochastics method.

Below is an example of his post in Forex Factory.

<>
Wow... a lot of hate in this thread... in fact it's smokin' to say the least. Boys... when you become a professional trader you can trade the way you please. Dean averages 50+ pips profit per day for a few hours trading and so do a lot of his members. His room is not designed to call out enter now or exit now calls. You'll never learn to trade that way. He trades mini lots because most traders trade mini lots.

He gives you heads up on pairs ready to move... but it's up to you to pay attention and make the trade.

He offers 100's of free archived videos to learn to trade the Synergy System. Dean is a very successful trader traveling and teaching over the world.

Compassfx is the most honest company I've met in the forex industry and the owners and staff are heads and shoulders above any other company I've encountered in this industry.

The free Traders Dynamic Index indicator is fabulous. Just today using it I entered a E/U trade, 4H chart, 2 Lots. Opened Short at 6:46 AM at 1.2933 and exited a 5:15 PM at 1.2770 (pacific Time). This indicator alone has made me thousands of dollars over the last several years when I found their site.... and it's free.

Not real sure why your making these comments but my exposure to Compassfx and Dean Malone have been 110%. Just my observations and my 2 pips....
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,206
  • Jun 13, 2022 8:31pm Jun 13, 2022 8:31pm
Quoting Alihelmy123
Usdcad + 180 pips From friday {image}tdi slope Any trade i take must determine support and resistance in montly weekly daily and the channel that price move in And check the close to the high or low of last candle and tdi determine entry and exit it is very simple

very good trade!

well done

You caught last week's Swing Low and that Thursday' True REVERSAL on the Daily .

It's also Phx62' 3 bars/candle PCRF setup

Using TMS_V19 Expert Advisor for its technical analysis information, new traders have this nice tools developed by experienced TMS traders.

Weekly shows a WRB and also the new WCC. Note the Trend 2/8 has changed from sideways to trending.

Daily is the swing low + True REVERSAL

Attached Image (click to enlarge)
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There were also news and market events that probably is hindsight reason which many market analysts to claim credit for.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,207
  • Jun 13, 2022 8:57pm Jun 13, 2022 8:57pm
Quoting tommydoginti
{quote} How about Munehisa Homma and J. Welles Wilder Jr.? BigE did mentioned Dean Malone as developer of TDI from compassfx. #261 as an example I thank BigE for spending years to develop this Trading Made Simple method. It captures the essence of BigE's years of trading experience into a simple way to trade, so traders can have a boost in trading development and reach profitability much faster and simpler.

hey @tommydog

which of Munehisa Homma books did you read and learn Japanese candlesticks?

https://en.wikipedia.org/wiki/Honma_Munehisa

Big E told us back in 2008 that he learn from Steve Nison and he considered Steve Nison to be the best in the US of A ...
<>
Where any of you guys on the Webinar last night with Steve Nison? For those that don't know about him he is the #1 man in America and many places in the world who teaches about trading using candle charts and individual candles. He has got lots of books and I'd love to attend one of his seminars. Check out Amazon.com. Said you would learn more with his CD's than from just reading his books.
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,208
  • Jun 13, 2022 9:09pm Jun 13, 2022 9:09pm
Quoting emmanuel7788
{quote} US Markets Jun 10 Trades Closed - only two trades today, one each S&P500 and NASDAQ - simple trade plan, trade follow previous Daily close , 'set-and-forget' and wait for the US data release at New York 8:30am - moved SL to BE+ below Asian session low and let the market decide - got my daily average target as in Big E' Post#557 and Post#7555 {image} ...

US Markets Jun 13 Trades Closed

- off to a good start this week when the markets got spooked by recession fears

- on my way to hit $5000 average this week probably early before Friday Jun 17 close.

- take Big E' Post#7555 advice ...: "If I put all of my eggs in one basket... it was hit or miss..."

- I spread my total risk money into smaller trades and take it one trade at a time.

- look at more pairs for setups and pick only the best setups or what I consider at A+++ setups only.

- know the market type conditions and mitigate the risks

- trade only when there is already an established trend after a true REVERSAL and use your banked-in profits and make your money work harder for you ... trade like an investor ...

- avoid those iffy reversal setups especially those TDI setups where many will fail you


Attached Image (click to enlarge)
Click to Enlarge Name: SP500 AND NAS Trades charts Jun13 14-6-2022 9-44-04 am.png Size: 30 KB

Attached Image (click to enlarge)
Click to Enlarge Name: SP500 and NAS trades closed summary JUN13 14-6-2022 9-40-45 am.png Size: 12 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,209
  • Jun 13, 2022 9:39pm Jun 13, 2022 9:39pm
Quoting tommydoginti
{quote} How about Munehisa Homma and J. Welles Wilder Jr.? BigE did mentioned Dean Malone as developer of TDI from compassfx. #261 as an example I thank BigE for spending years to develop this Trading Made Simple method. It captures the essence of BigE's years of trading experience into a simple way to trade, so traders can have a boost in trading development and reach profitability much faster and simpler.
"I thank BigE for spending years to develop this Trading Made Simple method."

hey @tommydog

Are you spreading disinformation here?

Trading Made Simple is not a trading method. Read Big E' thread and you will learn who suggested this thread title and among several names suggested by his early members, Big E chose this one "Trading Made Simple".

In this thread, Big E made it very clear that we discuss his 5-Method Read his Post#5 which was his reply to another member named Divergence:
<>
Divergence,
That was just one of many methods we discussed. Folks were getting confused by mixing up rules from different methods so this thread will only be about the 5 method.
<>

The essence of Big E' 5-Method is trading Price Action the way he did for almost 10 years trading the US stock market. With his 10 years trading experience he took several more years for him to learn to trade the spot forex market. He started with a price action trading course by a Greek migrant trader in the USA and he paird thousands od dollars for that course. I know that same Greek trader because I too bought that price action trading course and studied that for 2+ years.
Big E went to CompassFX and Dean Malone in 2005 and he also subscribed to Craig Harris trading courses at the same time. He has huge hunger for trading knowledge despite he already traded the US stock market for 10 years and had learned from Steve Nison.

There is a lot of knowledge and experience he had over 15 years.

Why did he introduced the TDI as his helping indicator in 2008?
You will find the answers in his old thread if you had spend your time and follow his post in this thread.
#336
<>
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...
<>


Have fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,210
  • Jun 13, 2022 9:51pm Jun 13, 2022 9:51pm
Quoting PipThePanda
{quote} Hi Emmanuel, Looks great so far. Are you using 1 specific strategy? eg Big E's 5 method? Or are you using a bunch of your trading knowledge to trade your own unique way?

hi PTP

Yes. I use the same 5-Method like Big E going back many years long before 2008. I was a COWABUNGA system trader for many years before 2008.

COWABUNGA uses MACD, RSI and Stochastics, plus a few moving averages 5EMA, 10EMA and 20EMA

since 2011, I have developed several systems based solely on the original 5-Method principles and each system is to trade in different market type conditions.

Every system has its own Money Management strategy.

For many traders struggling with Big E' 5-Method and have not been able to achieve above 50% win rate, the simple solution is to follow my TMS-II development which I shared in this thread.

TMS_II have been proven by many traders here with 40% to 45% win rates and eventually these trader have achieve 60% to 65% win rate after 2 to 3 years hard work. This has given many more confidence in their trading.

Today we are trading TMS MEME EVO2020 a business trading plan which is for the more experienced and advance level traders.

To be able to trade a $10,000 account and grow that to $50,000 ... it is possible and requires individual commitment and sacrifices.
It is a trading and learning journey which some of the active TMS traders started together in 2012.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,211
  • Edited 10:38pm Jun 13, 2022 10:18pm | Edited 10:38pm
Open the trade at the office. I am doing a job and Trading. Enjoying trading more
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #132,212
  • Jun 13, 2022 11:48pm Jun 13, 2022 11:48pm
Those who have been in Forex for about five to six years can trade in multiple pairs as they have strategies. Proper evaluation of thyself is needed because it’s helps traders determine his or her ability towards trading. For proper trading, traders should gather enough expertise over a single pair.
  • #132,213
  • Jun 14, 2022 12:27am Jun 14, 2022 12:27am
Quoting jonstewart
Those who have been in Forex for about five to six years can trade in multiple pairs as they have strategies. Proper evaluation of thyself is needed because it’s helps traders determine his or her ability towards trading. For proper trading, traders should gather enough expertise over a single pair.

i have been preaching a single pair to learn first for our 10 years on forex factory no one cares its the greed that gets them to skit around threads to look for good traders and leech the trade,s only a few want to learn mate thats why 95% of traders lose money , greed overtakes them
people leave, but this thread will go on for ever
  • #132,214
  • Jun 14, 2022 12:42am Jun 14, 2022 12:42am
Quoting Aussi
{quote} i have been preaching a single pair to learn first for our 10 years on forex factory no one cares its the greed that gets them to skit around threads to look for good traders and leech the trade,s only a few want to learn mate thats why 95% of traders lose money , greed overtakes them
Attached Image (click to enlarge)
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  • #132,215
  • Jun 14, 2022 3:04am Jun 14, 2022 3:04am
Quoting Aussi
{quote} i have been preaching a single pair to learn first for our 10 years on forex factory no one cares its the greed that gets them to skit around threads to look for good traders and leech the trade,s only a few want to learn mate thats why 95% of traders lose money , greed overtakes them
Yup its greed by having more pairs one thinks he can make lot of entries but reality is different thing
  • #132,216
  • Jun 14, 2022 3:57am Jun 14, 2022 3:57am
London 10am day-trading the H1 today,

- waiting to see if/when the three amigos ride in the same direction

- amigo AU making its change after FO and LO

- will it be GU, then EU?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,217
  • Jun 14, 2022 3:58am Jun 14, 2022 3:58am
Quoting OwaisJam
{quote} Yup its greed by having more pairs one thinks he can make lot of entries but reality is different thing


we have people who are gambling and being greedy at the same time
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,218
  • Jun 14, 2022 4:02am Jun 14, 2022 4:02am
Quoting emmanuel7788
EJ May05 H1 Tokyo 9:42am - is the H1 swing high confirmed? > if you see and think YES! you failed! {image} > you still have not learn Big E' NFF and have not learned his 5-Method. ...
Hi Emmanuel: the slope of the TDI can I ask where you got that to show on the chart? (sorry if it's been posted before I read a lot of this thread but alas not all 6600 pages )
  • #132,219
  • Jun 14, 2022 4:08am Jun 14, 2022 4:08am
Quoting emmanuel7788
{quote} "Last trade for the day. Some thoughts on this trade, I took this short because I saw a rejection on the left from the last high" Hey TMS Folks, Here is where most rookie traders make that same mistake over and over again. A price test of a recent high is not a rejection. You learn that from @tommydoginti another fake TMS trader and fake teacher with less than 2 years trading experience. To see a market rejection of a most recent previous price action PPA, you need to see basic price action - first there must be the True REVESAL and then...
The calendar can I ask which do you use (in MT4 / external sites / combination)? I saw somewhere a calendar-looking (Indicator?) thing shown on someone's MT4 chart... mql4 apparently has a news filter function too (which I've not looked into yet, looking for something visual first)
  • #132,220
  • Jun 14, 2022 4:11am Jun 14, 2022 4:11am
Quoting emmanuel7788
{quote} we have people who are gambling and being greedy at the same time
Then they will keep losing in a day or day after no matter how much they earn they will lose all in the end...
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