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Trading Made Simple

  • #132,281
  • Jun 16, 2022 2:42pm Jun 16, 2022 2:42pm
Quoting tommydoginti
{quote} Good one! Remember the actions BigE took when doing charting with Trading Made Simple templates. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek.. This is overlooked by some "senior" traders, but it is the key to overcome an issue that the TDI indicator on #25 has. Follow BigE's posts and you will understand why. Trade Well
over the last 12 years every 1 to 2 years a new trader would come to this thread

and the Saga of the TDI Indicator continues ...

https://www.forexfactory.com/thread/...5#post13938445

Inserted Video


> is the TDI a problem to your trading?
>>> Big E has a solution for you too.

Stay Tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,282
  • Jun 16, 2022 3:10pm Jun 16, 2022 3:10pm
Quoting emmanuel7788
{quote} over the last 12 years every 1 to 2 years a new trader would come to this thread and the Saga of the TDI Indicator continues ... https://www.forexfactory.com/thread/...5#post13938445 https://youtu.be/EDuzcUStPgQ > is the TDI a problem to your trading? >>> Big E has a solution for you too. Stay Tuned!
yes i understand now

any system we must trade it as abackage not depend on one indicator
must use all indicators in the system and determine market structure first it is trending or sideways
and use price action and support and resistance and all this is 10 % in the sucess formula risk mangment more important
emotional control more important
and BIG E Clarificate all of this
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,283
  • Jun 16, 2022 7:41pm Jun 16, 2022 7:41pm
Quoting emmanuel7788
{quote} S&P500 and NAS100 Price Action setups - knowing what to trade and when to trade - being patient is key to pick the best trade setups > did you missed the NY 9:30am opening? > it is common typical setup most of the days {image} > there are also two advanced price action setups for those who know X-Man 'price action is king' {image}

Shooting Star !

For the experienced price action traders, you would have got an earlier trade entry

Inserted Video


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,284
  • Jun 16, 2022 7:46pm Jun 16, 2022 7:46pm
Quoting emmanuel7788
{quote} S&P500 and NAS100 Price Action setups - knowing what to trade and when to trade - being patient is key to pick the best trade setups > did you missed the NY 9:30am opening? > it is common typical setup most of the days {image} > there are also two advanced price action setups for those who know X-Man 'price action is king' {image}

S&P500 and NAS100 Jun 16 Trades Closed

- last 2 trades each after previous trades closed in profits

- ME1 entry was simple, follow the Price Action of the higher timeframe H1 and H4, and the Daily OHLC and BRN/RN for support/resistance

- the ME2 entry was a M30 shooting star or what X-Man call the pull-back candle and the BRN 3725 and 11375

Attached Image (click to enlarge)
Click to Enlarge Name: SP500 and NAS100 last 2 trades Jun16 17-6-2022 2-39-13 am.png Size: 34 KB



Attached Image (click to enlarge)
Click to Enlarge Name: SP500 and NAS100 last 2 trades closed summary 17-6-2022 2-40-39 am.png Size: 8 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,285
  • Jun 16, 2022 7:59pm Jun 16, 2022 7:59pm
US30 DOW Jun16 New York Close NYC

- back to the BRN 30000

- after the FED interest rate hike, businesses will gradually let that sink-in and make adjustments to their business plans

- be prepared for more choppy market conditions and occasional wide swings

>>> it is good time to make your average $1000 per trading day


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..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,286
  • Jun 16, 2022 8:11pm Jun 16, 2022 8:11pm
Quoting AAeryn
Hey I joined Forex Factory today thinking i would get to learn a little bit more about trading and then found this forum and started reading a little but since im new to this im a little confused on where to start and i want to ask if anybody knows where to start because i really want to learn more about BigE's method and practice hard because his method sounds very interesting and so cool, Thank you everyone!
hi AAeryn

Welcome to Big E' Trading Made Simple thread:

start here 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 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
  • #132,287
  • Jun 16, 2022 9:19pm Jun 16, 2022 9:19pm
Quoting Alihelmy123
{quote} i cant understand this point please more clarification
Hi Alihelmy123,

You can refer to my previous posts like #131087 Point 5. and #127849

The explanation requires a little coding knowledge to understand, but I have provided a few solutions.

People who has no trading and coding skills would just think the TMS TDI indicator in #25 is "repaint". These people don't even know how an actual repainting indicator works on chart...
Learn the equations of TDI green and red lines, and Google "MQL4 iCustom() indicator" to find out the same issue many people and many custom indicators face.

Trade well.

=====

The way I tradeTMS can be found in the following posts by BigE, No need to add any more craps like gambling EAs and indicators.

1. TDI is heart of the TMS 5-method --- #261, #2617
All trades I share here are signaled by TDI green cross /bounce red

2. I work with time frames and time of day that suits me --- #644, #1170, #4470
I usually trade during work hour because of my privilege at my job which I have a lot of free time. Sometimes at night because it is London/NY market time when volatility is high. I like Lower Time Frame because I prefer quick-in-quick-out.

3. I use simple PA analysis that everyone can learn --- #276, #647
I prefer leading ones which I can anticipate TMS TDI cross/bounce setups to catch the swing in early stage like BigE demonstrated in his charts

4. Aligning with the discussion of this thread during BigE's time, entries are the main focus --- #495
If I have other aspect of trading to share, I would go to other related threads. I hope readers in this thread can receive concise and relative information in respective thread for efficient learning

5. I apply the correct use of TDI Green & Red lines --- #11
#11 has clearly shown that BigE refreshed his chart before viewing the chart. Traders who want to learn and practice the TMS should 1) refresh the chart before analysis, or 2) use a non-repainting TDI Green Red indicator. I chose the later.

6. Absolutely no EA --- #802
Two reasons: 1) To respect the thread rule. 2) If you need to rely on EAs to help you become profitable, i) Your trading skill is so-so at this stage, and ii) you will never learn the discretionary analysis that can further improve your trading skills

7. Most importantly, I participate the forum with respect --- #486


Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
  • #132,288
  • Jun 16, 2022 9:41pm Jun 16, 2022 9:41pm
Quoting Alihelmy123
{quote} yes i understand now any system we must trade it as abackage not depend on one indicator must use all indicators in the system and determine market structure first it is trending or sideways and use price action and support and resistance and all this is 10 % in the sucess formula risk mangment more important emotional control more important and BIG E Clarificate all of this{image}

Good! I had come to the realization that BigE has all necessary rules laid out in the Trading Made Simple method.

It is good for you to know too.

There is no point reinventing the wheel and complicate the TMS. After trading TMS for a while the next step would be like #2617, making it even simpler to analyze and execute trades.

The reason it is Trading Made Simple because of the functions of each parameter complement to each other

#647

Trend: Bias
Prev highs and lows: Price levels
TDI signals: Timing

You know which direction to trade, where to expect a setup and when to enter.

Risk management is of course crucial, but that can become simple and flexible when you can enter with high accuracy. You can have small wins or BE even for "losing" setups. Remember not using SL to cut-loss. Do not average down (ie "building positions" on your losing trades), one huge move can blow your account, and such moves happen every year.

Trade well.

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  • #132,289
  • Jun 17, 2022 1:23am Jun 17, 2022 1:23am
Quoting emmanuel7788
{quote} S&P500 and NAS100 Jun 16 Trades Closed - last 2 trades each after previous trades closed in profits - ME1 entry was simple, follow the Price Action of the higher timeframe H1 and H4, and the Daily OHLC and BRN/RN for support/resistance - the ME2 entry was a M30 shooting star or what X-Man call the pull-back candle and the BRN 3725 and 11375 {image} {image}

S&P500 and NAS100 Jun17 m30 at Frankfurt Open

- another example of the Price Action BEEOB at BRN

- look at the previous candles before the BEEOB, price fails to make higher high with higher Close , very common price structure failure

- risk the the Frankfurt and London Open hours which often are fakeys

Attached Image (click to enlarge)
Click to Enlarge Name: SP500 and NAS100 Jun17 M30 BEEOB 17-6-2022 2-18-09 pm.png Size: 30 KB

- setup candle BEEOB

- one of the Three Powerful FOREX Price Patterns you can trade with Big E' 5-Method.

Learn just a few basic price action and apply them with Post#647, no need to guess what are big and small candle, be specific with what is small and what is big candle.

Three Powerful FOREX Price Patterns { download }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,290
  • Jun 17, 2022 1:41am Jun 17, 2022 1:41am
Quoting emmanuel7788
{quote} S&P500 and NAS100 Jun17 m30 at Frankfurt Open - another example of the Price Action BEEOB at BRN - look at the previous candles before the BEEOB, price fails to make higher high with higher Close , very common price structure failure - risk the the Frankfurt and London Open hours which often are fakeys {image} - setup candle BEEOB - one of the Three Powerful FOREX Price Patterns you can trade with Big E' 5-Method. Learn just a few basic price action and apply them with Post#647, no need to guess what are big and small candle, be specific...
Attached Image (click to enlarge)
Click to Enlarge Name: SP500 and NAS100 Jun17 M30 BEEOB 17-6-2022 2-18-09 pm.png Size: 30 KB


WHAT IF? scenarios

- if the BEEOB fails to bring in sellers and turn out to be fakeys at 3750 and 11250,

- then we have to look at the HTF H1 levels 3725 and 11375 to see if there would be another sell setup.

Attached Image (click to enlarge)
Click to Enlarge Name: SP500 and NAS100 Jun17 M30 BEEOB 17-6-2022 2-18-09 pm.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,291
  • Jun 17, 2022 3:10am Jun 17, 2022 3:10am
Quoting emmanuel7788
{quote} {image} WHAT IF? scenarios - if the BEEOB fails to bring in sellers and turn out to be fakeys at 3750 and 11250, - then we have to look at the HTF H1 levels 3725 and 11375 to see if there would be another sell setup. {image}
not much happening at FO and LO

so we wait for the next one hour for the Tokyo session to close

then next is the period from London 10 am to 2pm and the New York open EST 8am to 9:30am



Attached Image (click to enlarge)
Click to Enlarge Name: Market Sessions JUn17 LON9am 17-6-2022 4-06-48 pm.png Size: 5 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,292
  • Jun 17, 2022 12:43pm Jun 17, 2022 12:43pm
Quoting tommydoginti
{quote} Hi Alihelmy123, You can refer to my previous posts like #131087 Point 5. and #127849 The explanation requires a little coding knowledge to understand, but I have provided a few solutions. People who has no trading and coding skills would just think the TMS TDI indicator in #25 is "repaint". These people don't even know how an actual repainting indicator works on chart... Learn the equations of TDI green and red lines, and Google "MQL4 iCustom() indicator" to find...
Thanks tommydoginti
Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,293
  • Jun 17, 2022 1:08pm Jun 17, 2022 1:08pm
Quoting tommydoginti
{quote} Hi Alihelmy123, You can refer to my previous posts like #131087 Point 5. and #127849 The explanation requires a little coding knowledge to understand, but I have provided a few solutions. People who has no trading and coding skills would just think the TMS TDI indicator in #25 is "repaint". These people don't even know how an actual repainting indicator works on chart... Learn the equations of TDI green and red lines, and Google "MQL4 iCustom() indicator" to find...
Tommy.
TDI does the re-paint / re-calculating thing.

You know drill.
Mark every crossover (green visible on the other side of red) on any time frame until minimum of 50<>100 marked crossovers with out chart refresh/change time-frame/restart MT4.
(Save marked chart to template(Tester.tpl)
1. Refresh chart by switching time frame / restart MT4
a. right click pop-up window > Refresh < does not refresh TDI crossovers,
2. Compere current crossover against marked crossovers.
3. Can do a back test with Tester.tpl.
a. it will show why a EA will never be profitable with post@25 TDI.
b. It also confirm Post 132,288 Nr 5
----
For fun: "People who has no trading and coding skills would just think the TMS TDI indicator in #25 is "repaint"."
After the little exercise in futility, please come back and confirm your statement.
  • #132,294
  • Jun 17, 2022 2:46pm Jun 17, 2022 2:46pm
What are the pros and cons of a smaller time frame?
Pros:
- Fast results, within an hour, you will know if your analysis was correct or not
- More opportunities every day and week
- By trading often, you will have more practice (however a good post analysis is required to progress, and learn from your mistakes)

Cons:
- Be careful of the spread
Your stop can be a few pips only, so it can be easily hittable. Also, your spread can easily eat 20 to 30 % of your profits. Which means you need to have a high win percentage.
- Avoid news events
During news events, your spread can become very big, such as 20 pips. When you have a 5 pip stop loss, this spread can be devastating. So try to avoid the news, or make sure to adapt your stop loss on these occasions.

- Psychology plays a very important role
When a candle moves fast, your emotions can take the lead very fast. And you can enter or exit a trade based on emotions, and not based on your analysis.
Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,295
  • Jun 17, 2022 2:48pm Jun 17, 2022 2:48pm
What are the pros and cons of a high time frame?
Pros:
- Slow movements
You will have time to analyse your charts before entering a trade
- No need to stay in front of your charts
You can look at the upcoming trades of the day/week. If you trade is not ready, you know that you have a few candles (so a few hours/days) to go before your trade activates.
- Emotions
Your trade will move slowly, this will avoid you to get too emotional and jump in a trade that is not ready.
- Spread
In the high time frame, the moving average is bigger, so your stop loss will be big. The spread will have less impact on your trade and on your profit.

Cons:
- Fewer trades per week
- Patience for your entry is a key
- Need for News events
Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,296
  • Jun 17, 2022 7:02pm Jun 17, 2022 7:02pm
Quoting eelfranz
Hey Gang,
You know I prefer to trade the the 1 & 4hr timeframes....
Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

Day Trading vs. Swing Trading vs. Position Trading

read > { here } its Pros and Cons
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,297
  • Jun 17, 2022 7:19pm Jun 17, 2022 7:19pm
Quoting emmanuel7788
{quote} Day Trading vs. Swing Trading vs. Position Trading read > { here } its Pros and Cons
For most people,

Why Trading Forex is So Difficult - Long Term vs. Short Term

> {here}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,298
  • Jun 17, 2022 7:30pm Jun 17, 2022 7:30pm
Quoting Alihelmy123
What are the pros and cons of a smaller time frame? Pros: - Fast results, within an hour, you will know if your analysis was correct or not - More opportunities every day and week - By trading often, you will have more practice (however a good post analysis is required to progress, and learn from your mistakes) Cons: - Be careful of the spread Your stop can be a few pips only, so it can be easily hittable. Also, your spread can easily eat 20 to 30 % of your profits. Which means you need to have a high win percentage. - Avoid news events During news...

Quoting Alihelmy123
What are the pros and cons of a high time frame? Pros: - Slow movements You will have time to analyse your charts before entering a trade - No need to stay in front of your charts You can look at the upcoming trades of the day/week. If you trade is not ready, you know that you have a few candles (so a few hours/days) to go before your trade activates. - Emotions Your trade will move slowly, this will avoid you to get too emotional and jump in a trade that is not ready. - Spread In the high time frame, the moving average is bigger, so your stop loss...
I combined both the Pros and Cons when I develop TMS-II and TMS MEME.

And now into my 3-years-trading-cycle 2020/2021/2022, I an running TMS MEME EVO2020 trade plan and I make use of the low timeframe M5 for my automated entries.

For those of you who have competent skills as trader-and-coder, you can consider Swing Trading on Daily and Weekly chart timeframes, and using the low timeframe 5-minute TF for technical signals for entries and exits. Remember what Big E said about making the transition to trade the Daily (Post#281).

Use the COWABUNGA trading approach and use the technical signals.

Stay Tuned for more!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,299
  • Jun 17, 2022 7:39pm Jun 17, 2022 7:39pm
Quoting Tekkies
{quote} Tommy. TDI does the re-paint / re-calculating thing. You know drill. Mark every crossover (green visible on the other side of red) on any time frame until minimum of 50<>100 marked crossovers with out chart refresh/change time-frame/restart MT4. (Save marked chart to template(Tester.tpl) 1. Refresh chart by switching time frame / restart MT4 a. right click pop-up window > Refresh < does not refresh TDI crossovers, 2. Compere current crossover against marked crossovers. 3. Can do a back test with Tester.tpl. a. it will show why a EA...
hey @Tekkies

TDI does the re-paint / re-calculating thing.

Yes! So many different online versions of Dean Malone' Traders Dynamic Index and they all have this "re-painting' phenomenon in their mql4 coding.

But "re-painting" is no a problem. Big E traded with the TDI and he made a lot of money as he claimed.

I too traded with the different version of the TDI and I have learned to manage the "re-painting" issue and it is not a problem. It is actually very simple.

Most EAs were not profitable because of many different reasons. I will post and share my experience and ideas what traders-coders can adopt in their EA development soon.

Stay Tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,300
  • Jun 17, 2022 7:43pm Jun 17, 2022 7:43pm
Quoting emmanuel7788
{quote} S&P500 and NAS100 Jun 16 Trades Closed - last 2 trades each after previous trades closed in profits - ME1 entry was simple, follow the Price Action of the higher timeframe H1 and H4, and the Daily OHLC and BRN/RN for support/resistance - the ME2 entry was a M30 shooting star or what X-Man call the pull-back candle and the BRN 3725 and 11375 {image} {image}

S&P500 and NAS100 Jun 17 Trades Closed

- yesterday was a rough day but also ended a good trading day

- market went sideways and narrow range

- but I follow my Daily Price Action...sell only when PA is below its 5EMA,Typical Price, Shift+2

- closed 10 trades in total , 3 losers and 7 winners.

- and still manage above my daily average $1000 per day

Attached Image (click to enlarge)
Click to Enlarge Name: S&P500 and NAS100 Jun17 trades closed 18-6-2022 8-20-37 am.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: S&P500 and NAS100 Jun17 trades closed summary 18-6-2022 8-21-26 am.png Size: 16 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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