Trading Made Simple | Page 6626 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #132,501
  • Jun 30, 2022 6:37pm Jun 30, 2022 6:37pm
[quote=DrDave;14050737]
Quoting holyGrill
{quote} So you trade multi TFs on same pairs, It's the best way!! BigE did not like to sit in front of the computer dealing with m15, m30, so he moved up to mainly H4 so he could spend very little time at the computer. But if you are at the computer, you might as well gain from making add-on entries based on smaller TFs.
"But if you are at the computer, you might as well gain from making add-on entries based on smaller TFs."

hey TMS folks

Well, experienced traders do not need to be at their computers all the time just to add-on entries.

I trade the Daily and Weekly chart timeframes and all I need to do is to initiate the first trade - buy or sell, and let my trade manager EA do the rest of my trading tasks for me while I have other better things in life to do the rest of the 24 hours-day.

If you limit yourself to Big E 463 posts in this thread, you will not go farther than where he had been to.

Of course, some will say Big E did not want to discuss EA in this thread. He was right back in 2010 because during that time he tested a few EAs and those EAs did not work for his aggressive trading style. He was also not very tech savvy and new to MT4.

Good luck.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,502
  • Jun 30, 2022 6:42pm Jun 30, 2022 6:42pm
Quoting holyGrill
{quote} Ok thanks. Is the 5-Method any different to big E's original method (as laid out in start of this thread - which as far as I can see uses TDI and Stochastic to confirm only)?

when Big E developed his 5-Method in his old thread, it was for intermediate+ level traders not for beginners newbies.

the last 10 years many have tried trading TDI green cross red and lost money.



Quoting eelfranz
gmcc, Thanks buddy and I keep trying to help other traders make more pips without having to pay for a bogus trading course. People on our thread have some experience to succeed. This thread is not meant for newbies. Our thread is not about learning the basics of forex trading but it's about teaching a method to traders who are no longer beginners... but intermediate+ I guess. Any newbies here... please go to www.babypips.com and take some time to learn about the forex market...
This thread is not meant for newbies. Our thread is not about learning the basics of forex trading but it's about teaching a method to traders who are no longer beginners... but intermediate+ I guess.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,503
  • Jun 30, 2022 6:57pm Jun 30, 2022 6:57pm
Quoting holyGrill
{quote} I've searched this thread but can't seem to find much on TMS EVO workings - care to share Emm?
hi holyGrill

To trade TMS EVO you first have to master Big E' 5-Method and then you follow his Pots#2617 and trade his 5-Method without the Stochastics and TDI.
You need to move to trading the Daily and Weekly chart timeframes.

I did the transition to TMS EVO in Jan 2018 and traded live with just one pair - EURUSD.
TMS EVO 2018 is a newer version to the previous TMS MEME and TMS MEME-II Money Management strategies.
Today I am trading TME MEME EVO2022

The TMS Evo TE was posted here.
https://www.forexfactory.com/thread/...0#post11834080
Attached Image (click to enlarge)
Click to Enlarge Name: TMS EVO 2018 re-post 1-7-2022 7-51-08 am.png Size: 82 KB


TMS Evo 2018:
Following this 2018 live forward testing, there were more fine-tuning to the system strategy, for example:-
> to trade simultaneously 5 pairs in a 20-trading days cycle.
> to trade one pair from each of the 6 currency groups
> to trade the Market Type 1 and 2 only.
... more/-
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,504
  • Jun 30, 2022 7:03pm Jun 30, 2022 7:03pm
Quoting holyGrill
{quote} You can use TDI settings as follows:{image} The MA is EMA5 (EMA, period=5, shift of 2 or 3). (if using the TMS 5-method)

have you tried fine-tuning RSI green price line to Exponential instead of Simple?

many of early TMS traders did that and they had better results.

to me it no longer matters since I am trading TMS EVO.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,505
  • Jun 30, 2022 7:11pm Jun 30, 2022 7:11pm
Quoting holyGrill
Went long GU H4, based on 5-method (price closed above 5EMA - didn't wait for 2nd bar as that would be 4hours later). Using trailing SL, pink line = initial SL at prev Low which is also near the D1 support and BRN 0.68500 Question for a TMS noobie - do you trade one pair exclusively in one TF or monitor for TMS entries across diff TFs? {image}

"Question for a TMS noobie - do you trade one pair exclusively in one TF or monitor for TMS entries across diff TFs?"

Try these pairs / groups.
Pick the best setups in each of the groups.
Do Not over-trade ... GREED. Just the best setup according the Big E' rules.
Divide and allocate your trading capital to trade maximum 5 pairs from each these 6 groups #1 to #6 below. Group#7 is for more experienced traders with extra deep pockets.

***remember, we trade the Market Types conditions and not simply green line crosses red line***

Trading Currency Pairs – Seven(7) Groups w.e.f May 2022

Group#1
AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
NZDUSD

Group#2
EURAUD
EURNZD
EURCAD
EURCHF
EURGBP***

Group#3
GBPAUD
GBPNZD
GBPCAD
GBPCHF

Group#4
USDJPY
AUDJPY
EURJPY
GBPJPY
NZDJPY
CADJPY
CHFJPY
SGDJPY

Group#5
AUDCAD
AUDNZD
NZDCAD

Group#6
AUDSGD
EURSGD
GBPSGD
USDSGD
NZDSGD

Group#7
https://www.fxcm.com/markets/forex-baskets/
EMBasket
JPYBasket
USDollar
XAUUSD
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,506
  • Jun 30, 2022 7:16pm Jun 30, 2022 7:16pm
Quoting holyGrill
{quote} Trailing SL hit at almost 0.5R (half of TP1): so not a great trade, not terrible. {image}

- do not take any trade setup when there is consolidation in that TF. (Post#647)

- you did not consider the day event and news

- also look at all the GBP crosses - GAud, GCad, GNzd, GChf, ... to see the intraday strength of GBP when you want to take risky setups
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,507
  • Jun 30, 2022 7:17pm Jun 30, 2022 7:17pm
Quoting holyGrill
GU 1H Long entered (3pm London time): {image}

are you ready for swing trading with TMS MEME?

its a lot simpler than most here thought.

and also easier with a structured approach and clear defined rules for entries and exits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,508
  • Jul 1, 2022 12:07am Jul 1, 2022 12:07am
Quoting emmanuel7788
{quote} June was a good month hitting my 6 month target ... JULY Open 2022 - the new beginning of the 3rd Quarter - there will be many buys and many sells this month {image} {image}

First trade for today and July 01 opening

NAS100 Jul01 Tokyo Open

- sell trade open
- jumped in on the m2m3m5 momentum candle
- M5 was a 5bars swing high with reversal candle setup

Attached Image (click to enlarge)
Click to Enlarge Name: NAS100 Jul01 sell ME entry 1-7-2022 9-28-44 am.png Size: 18 KB


trade closed

Attached Image (click to enlarge)
Click to Enlarge Name: NAS100 Jul01 sell trade closed 1-7-2022 12-50-06 pm.png Size: 20 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NAS100 Jul01 sell trade summary 1-7-2022 1-01-01 pm.png Size: 3 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,509
  • Jul 1, 2022 12:25am Jul 1, 2022 12:25am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20220701_112352.jpg Size: 378 KB
MA provides the market's current direction and strength.
  • #132,510
  • Jul 1, 2022 2:19am Jul 1, 2022 2:19am
[quote=holyGrill;14050686]
Quoting Alihelmy123
{quote} also running in good pips on EU 1H so far (although trailing SL getting close). OK nice trade there on H4 as well! So you trade multi TFs on same pairs, I was curious about that.
Closed for almost 1R profit, trailing SL hit just under it (even though price edged near 2R - 2nd yellow line).

Thanks I also feel H1 is the lowest TF I want to trade, lower than that very choppy.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
  • #132,511
  • Jul 1, 2022 2:20am Jul 1, 2022 2:20am
Quoting hasib
{image}
Nice how you showed the TDI green cross red and stoch confirmed direction.
To free Gazans of Hamas, use whatever it takes.
  • #132,512
  • Edited 6:21am Jul 1, 2022 5:40am | Edited 6:21am
Quoting emmanuel7788
{quote} First trade for today and July 01 opening NAS100 Jul01 Tokyo Open - sell trade open - jumped in on the m2m3m5 momentum candle - M5 was a 5bars swing high with reversal candle setup {image} trade closed {image} {image}
Nice trade Emm. Curious it seems you have add-ons when the trade moves against you - what happens when the price keeps moving against you after entering the add-ons?
  • #132,513
  • Jul 1, 2022 5:44am Jul 1, 2022 5:44am
Close to tp.
Rules
Trade less
Risk less.
Pick big RR trade.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20220701_164354.jpg Size: 391 KB
MA provides the market's current direction and strength.
  • #132,514
  • Jul 1, 2022 6:49am Jul 1, 2022 6:49am
Quoting holyGrill
{quote} Nice trade Emm. Curious it seems you have add-ons when the trade moves against you - what happens when the price keeps moving against you after entering the add-ons?
hi holyGrill

the market has not moved against my trade plan yet because I am trading the Daily and Weekly charts and today' trade started after the June Monthly Close.

Q. - what happens when the price keeps moving against you after entering the add-ons?[/quote]

In my TMS MEME basic trade plan, what will happen when I have my basket with maximum 5 open positions, I have my Dynamic SMART Cut-Loss 'rule' in my plan. This can happen before the market reverses to the previous two weeks' high ... worst case scenario! Dynamic cut-loss will kick-in before that can happen.

Dynamic SMART Cut-Loss:
https://www.forexfactory.com/thread/...73#post9675573

https://www.forexfactory.com/thread/...6#post11457526

https://www.forexfactory.com/thread/...36#post9852336

Read this book by Agustin Silvani and get some good ideas for your trading system development.



Attached Image (click to enlarge)
Click to Enlarge Name: Silvani Agustin Beat the Forex Dealer.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,515
  • Jul 1, 2022 7:03am Jul 1, 2022 7:03am
Quoting holyGrill
{quote} Nice trade Emm. Curious it seems you have add-ons when the trade moves against you - what happens when the price keeps moving against you after entering the add-ons?

today the market was very kind and it did not turn against my sell trade plan

4 trades, 3 winners and 1 loser.

Attached Image (click to enlarge)
Click to Enlarge Name: NAS100 Jul 01 4 trades Tokyo session 1-7-2022 7-59-03 pm.png Size: 24 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NAS100 Jul 01 trades closed summary 1-7-2022 8-00-21 pm.png Size: 7 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,516
  • Jul 1, 2022 7:13am Jul 1, 2022 7:13am
Quoting holyGrill
{quote} Nice trade Emm. Curious it seems you have add-ons when the trade moves against you - what happens when the price keeps moving against you after entering the add-ons?
Adding on to losing positions is classic behavior for him. He likes to say that he is building a position--LOL. And here is an example of what position that leads to.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 127 KB
To free Gazans of Hamas, use whatever it takes.
  • #132,517
  • Jul 1, 2022 7:19am Jul 1, 2022 7:19am
Quoting Fake'Dr'Dave
{quote} Adding on to losing positions is classic behavior for him. He likes to say that he is building a position--LOL. And here is an example of what position that leads to. {image}

LOL. @Fake'Dr'Dave aka @FakeTradingGuru

What about you adding to your IMT GBPUSD sell and holding for 27 and 40 weeks?

But that's okay because you are still a Demo trader.


Attached Image (click to enlarge)
Click to Enlarge Name: FakeDr GU sell 40 weeks DD 2-1-2021 1-29-14 pm.png Size: 48 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,518
  • Edited 7:47am Jul 1, 2022 7:28am | Edited 7:47am
Quoting Fake'Dr'Dave
{quote} Adding on to losing positions is classic behavior for him. He likes to say that he is building a position--LOL. And here is an example of what position that leads to. {image}

hey @Fake'Dr'Dave aka @FakeTradingGuru

Its okay to give back to the market a big part of the 62.9% profit the market gave me. Keep the 5.3%.

Attached Image (click to enlarge)
Click to Enlarge Name: CI500 TE 62percent 1-7-2022 8-23-46 pm.png Size: 71 KB


https://www.forexfactory.com/thread/...1#post13585231
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,519
  • Jul 1, 2022 7:34am Jul 1, 2022 7:34am
market experts and analyst say S&P500 target 3500

- anyone believe this?

- when? not tonight.

- next week(s) maybe? ... to sell the rallies.

> 'dead cat bounce' scenario

Attached Image (click to enlarge)
Click to Enlarge Name: S&P500 market experts 3500 1-7-2022 8-30-58 pm.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,520
  • Jul 1, 2022 7:48am Jul 1, 2022 7:48am
Quoting hasib
Close to tp. Rules Trade less Risk less. Pick big RR trade. {image}
TP hit
Buy again
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20220701_184724.jpg Size: 387 KB
MA provides the market's current direction and strength.
29 traders viewing now, 1 is registered:
Tekkies