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Trading Made Simple

  • #133,021
  • Jul 19, 2022 10:10am Jul 19, 2022 10:10am
Quoting khalidhassan
{quote} Can you please give a link where can i find Big E' original 5-Method ?
Hi Khalidhassan,

Here is the original post.

>Link<

Rotunda... Welcome back

I'm going to post here the 2 templates I personally use to trade:

1. 5 Method --- (Most simple strategy but works great)

Use Heiken Ashi candles
TDI Indicator set at default
Stochastics set to 8,3,3
5 ema, Shift set to 2 or 3, Typical

When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5 pip SL on the 5 minute chart. Works great short & long. Templates on pages 169, 170, 171.

2. 21/233 Method ---

Use Heiken Ashi candles
TDI Indicator set at default
Stochastics set to 8,3,3
21 ema, Shift set to 3, Typical (yellow, thicker line)
233 ema, Shift set to 5 or 8, Typical (Blue,thicker line)

I trade as PA moves away from the blue & yellow line. Example: Long Trade - When yellow line moves above blue line...and when PA breaks above the yellow line and closes above it. That is your set up candle. Enter long on the 2nd candle if it's the same color going long. Short trade is the opposite. Templates on pages 169, 170, 171.


Both systems are easy to trade. You'll get more set ups on the 5 method and more re-entries using the 21/233. There are lots of examples from the charts I've posted previously.

Questions ??? Just ask...

Big E
  • #133,022
  • Jul 19, 2022 10:14am Jul 19, 2022 10:14am
Quoting tommydoginti
{quote} Hi Khalidhassan, Here is the original post. >Link< Rotunda... Welcome back I'm going to post here the 2 templates I personally use to trade: 1. 5 Method --- (Most simple strategy but works great) Use Heiken Ashi candles TDI Indicator set at default Stochastics set to 8,3,3 5 ema, Shift set to 2 or 3, Typical When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5...
Here are some posts about rules of BigE's Trading Made Simple in this thread.

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 !
  • #133,023
  • Jul 19, 2022 5:43pm Jul 19, 2022 5:43pm
Quoting khalidhassan
{quote} Can you please give a link where can i find Big E' original 5-Method ?
#InSearchOf# original 5-Method

hi @khalidhassan

You wont find the original 5-Method in this thread.

The old thread are many 'hints' Big E gave as to where original 5-Method originated.

Remember, Big E started in mid-1990s as stock market trader in the US stock market.

If you know what were pervasive trading systems in the 90s, then you will come close to the original 5-Method.

In his old thread, Big E mentioned several times that you can trade hi 5-Method without any indicators

These are his posts:
you can trade without the TDI

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011

the TDI was added as his helping indicator but the trader is above the intermediate+ level like big E himself, then you do not nay any helping indicator.
#3805
<>
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 and how it's traded. It's important
<>

Big E' 5-Method works in all timeframes, below is an example on a Weekly bar chart .
The HA candles and moving average 5EMA, Typical Price, Shift+2 are both helping indicators.
When the HA candle is blue and above 5EMA, we only look for buy setups. Keep This Rule Simple...

Attached Image (click to enlarge)
Click to Enlarge Name: US100 Jul19 trades closed 20-7-2022 6-17-10 am.png Size: 32 KB

The rest of your trading system is your Money Management strategy.

Study that Dr Van Tharp' Money Management Report and have your own money to trade the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,024
  • Jul 19, 2022 5:51pm Jul 19, 2022 5:51pm
Quoting eelfranz
OK Gang..... I've already posted I don't want anything to do with an EA for this method... so someone puts one on a post... STOP. Anyone using it will lose money because they can't think like you.... and you will be put on the Ignore list... Can I make it plainer than that? 2 people have lost their privelage to post ever again just today... I'm serious...

#802

This is not a rule.

Big E was referring to trading robots EA in this post.

There are other EAs which are not trading robots .

For example, TMS dashboard by member Arbinka
Monitor for Trading Made Simple
https://www.forexfactory.com/thread/...-simple-system

EAs can be used to help you scan for your preferred trade setups in all pairs you chose to trade.

EAs can also provide traders with trade setups alert send to your Telegram, Twitter, WhatsApp, etc.

EAs are wonderful tools to help traders.

But if you want to use trading robots to help you in your trade management, there are many EAs available too.

THV CaveManager EA is one used by many TMS traders here since 2011. This is good for set-and-forget trading style. The EAs will help you with Stop Loss, trailing stops, take profits levels , etc.

Search keyword "THV CaveManager" in this thread.

The other trade manager EA is MPTM and you cna use this for TMS MEME.

Have fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,025
  • Jul 19, 2022 6:18pm Jul 19, 2022 6:18pm
Quoting khalidhassan
{quote} Can you please give a link where can i find Big E' original 5-Method ?
#InSearchOf# original 5-Method

hi @khalidhassan

here is another example of Big E' 5-Method

GU Daily June - July 2022

> last Friday July 15 closed a small candle
> the Jul 14 candle was a big candle
> combine both Jul14 and July 15, we have Mother Bar and Inside Bar (Post #647)

Follow price action and the HA candle colour

Yesterday was BUY only and you could have traded with TMS MEME EVO and made lots of money.

An intermediate+ level trader would see the risk around 1.2055 on this Daily chart below and more important also potential of a bigger move with Buy bias knowing the market sentiments over the past weekend and anything can happen this week.
Check USD Index and COT report for confidence to take more buys trades.


Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily Jul19 20-7-2022 7-02-42 am.png Size: 31 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,026
  • Jul 19, 2022 6:24pm Jul 19, 2022 6:24pm
Quoting tommydoginti
{quote} Hi Khalidhassan, Here is the original post. >Link< Rotunda... Welcome back I'm going to post here the 2 templates I personally use to trade: 1. 5 Method --- (Most simple strategy but works great) Use Heiken Ashi candles TDI Indicator set at default Stochastics set to 8,3,3 5 ema, Shift set to 2 or 3, Typical When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5...
#InSearchOf# original 5-Method

Yes. That's just one of many such post.

>Link<

Rotunda... Welcome back

I'm going to post here the 2 templates I personally use to trade:

1. 5 Method --- (Most simple strategy but works great)

Use Heiken Ashi candles
TDI Indicator set at default
Stochastics set to 8,3,3
5 ema, Shift set to 2 or 3, Typical


For intermediate+ level traders >>> {#3805 }
<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>>>>>>>>>>
Big E : you can trade without the TDI


Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,027
  • Jul 19, 2022 6:34pm Jul 19, 2022 6:34pm
Quoting hasib
{quote} your using 2 Ma one is 5EMA shift 2, what is another MA value?

5LWMA, Close Price, Shift0

it was added by a member in Big E' skype group.

Big E initially made a mistake when he thought of replacing Dean Malone' PAC 5SMMA High-Low channel.

5LWMA,Cloase Price, Shift0 and 5EMA,Typical Price , Shift+2 combined will help traders see the Bar chart Price Action and the volatility just as good as Dean Malone 5SMMA PAC.

It is after all ... the winning trader's personal preference.

This 5LWMA is in the TMS_V19 EA as an option.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 EA option 5LWMA 20-7-2022 7-36-28 am.png Size: 17 KB


TMS_V19 Information EA

H4 with Daily and Weekly

Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 EA Jul 19 20-7-2022 7-39-53 am.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,028
  • Jul 19, 2022 6:45pm Jul 19, 2022 6:45pm
Quoting emmanuel7788
{quote} 5LWMA, Close Price, Shift0 it was added by a member in Big E' skype group. Big E initially made a mistake when he thought of replacing Dean Malone' PAC 5SMMA High-Low channel. 5LWMA,Cloase Price, Shift0 and 5EMA,Typical Price , Shift+2 combined will help traders see the Bar chart Price Action and the volatility just as good as Dean Malone 5SMMA PAC. It is after all ... the winning trader's personal preference. This 5LWMA is in the TMS_V19 EA as an option. {image} TMS_V19 Information EA H4 with Daily and Weekly {image}

Follow Post#647 when you trade the 4hr,

it is the very core basics,

you trading timeframe is H4, you must know the Daily and Weekly market type conditions.

what if the Daily does not agree with the Weekly? like GU this week....

> rules# ???



Attached Image (click to enlarge)
Click to Enlarge Name: Market Trend 4H Swing Trading.jpg Size: 41 KB



...

Attached Image (click to enlarge)
Click to Enlarge Name: GU W1 D1 and H4 20-7-2022 7-46-46 am.png Size: 30 KB

> Dr. Alexander Elder has his Triple Screen Trading system ... learn that too!

> Learn from Agustin Silvani' book "Beat the Forex Dealer" ... apply some of his teachings too.

when you develop your own winning trading system with your own winning EDGE.




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,029
  • Jul 19, 2022 7:18pm Jul 19, 2022 7:18pm
Quoting eelfranz
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...


Hey TMS Folks

Lets create a new TMS trading the Daily by blending 5-Method and 21/233 Method below and remove the TDI and Stochastics.
We can make entries on any low TF charts by always following the Weekly Market Type conditions and the Daily chart trade setups.


1. 5 Method --- (Most simple strategy but works great)

Use Heiken Ashi candles
- removed
- removed
5 ema, Shift set to 2 or 3, Typical

When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I use 5 pip SL on the 5 minute chart. Works great short & long. Templates on pages 169, 170, 171.

2. 21/233 Method ---

Use Heiken Ashi candles

- removed
- removed
21 ema, Shift set to 3, Typical (yellow, thicker line)
233 ema, Shift set to 5 or 8, Typical (Blue,thicker line)

I trade as PA moves away from the blue & yellow line. Example: Long Trade - When yellow line moves above blue line...and when PA breaks above the yellow line and closes above it. That is your set up candle. Enter long on the 2nd candle if it's the same color going long. Short trade is the opposite.

>>> coming up next, the new TMS template for blending 5EMA +21/233EMAs

Stay Tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,030
  • Edited 7:50pm Jul 19, 2022 7:36pm | Edited 7:50pm
Margin Account Trading

When you start with a margin trading account USD200,000 and manage your risk per trading day to 2% ,

your weekly maximum loss should not exceed 10%,

you make full use of your trading margin and pick only the best trade setup like Big E following his discretionary trading style,

you will make that $500 to $1000 per trading day Big E' Post#557 and Post#7555.

Big E trading day is his evening hours - 10PM, 2AM and 6AM 4hr candle time.

Your trading day can be any hour according to your location and trading hours.

Mine trading hours is from Asian markets sessions - Tokyo local 9AM (New York 8pm) to Tokyo 9PM (NY 8am).

You can make good money.

What if you do not have USD200,000 to start with?

Well, start with USD10,000 and grow that slowly to USD50,000 with a proven Money Management strategy. You need to complete at least 1,000 trades.
From USD50,000 it will be quicker to reach USD200,000. Another 1,000 trades.
In total duration this will take anything from 24 to 36 months. ... that is one 3 years-trading-cycle.
In that 36months duration, you will have many 20 trading-days-cycle TDC. Each 20TDC is 10% profit cut-off also 10% loss cut-off. You need a RECOVERY system after every 10% cut-loss. Any questions? Please ask.

Do you have the patience trade and to see the results of 1,000 trades in about 15 to 24 months?

Attached Image (click to enlarge)
Click to Enlarge Name: FTMO Trial Jul07 to Jul 19 closed EOT.png Size: 25 KB



Trading is all about Entries and Exits ... the more entries the better with more exits.
Every entry must have two exits.
Entry Price, Stop Loss and Take Profit.

It is a Money Management game we play in the markets.

There are plenty of opportunities to make money in this post-Covid era.
If you missed that post-Feb 24 event, and did not make money in March, April and May, then you missed that move of the year 2022.

Lets not hope for another big event like what happened on Feb 24. That a bad thing! Too many deaths and destructions.

Lets all hope and pray for peace, progress and prosperity for all nations and its people.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,031
  • Jul 19, 2022 8:17pm Jul 19, 2022 8:17pm
Quoting emmanuel7788
{quote} Hey TMS Folks Lets create a new TMS trading the Daily by blending 5-Method and 21/233 Method below and remove the TDI and Stochastics. We can make entries on any low TF charts by always following the Weekly Market Type conditions and the Daily chart trade setups. 1. 5 Method --- (Most simple strategy but works great) Use Heiken Ashi candles - removed - removed 5 ema, Shift set to 2 or 3, Typical When PA crosses 5 ema and closes... that is the set up candle. The entry is on the 2nd candle if it's the same color. Works on all timeframes. I...
5-Method and 21/233 Method chart template:

study all Big E posts in his old thread and in this thread,

Post#1240 is a good example where he use both 5-Method and 21/233 Method templates in one,

what is that blue dotted line MA?

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #1240 Ej H1 233ema 20-7-2022 9-03-05 am.png Size: 64 KB


Zoom in to the price action

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #1240 zoom in PA.png Size: 38 KB


do you see the 5bars swing low?

is that early to late" LOL.

some say ... its hindsight training chart but can you look for this type of trades in real-time live market and have the confidence to execute the trade entry?


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,032
  • Jul 19, 2022 9:02pm Jul 19, 2022 9:02pm
Quoting emmanuel7788
{quote} 5-Method and 21/233 Method chart template: study all Big E posts in his old thread and in this thread, Post#1240 is a good example where he use both 5-Method and 21/233 Method templates in one, what is that blue dotted line MA? {image} Zoom in to the price action {image} do you see the 5bars swing low? is that early to late" LOL. some say ... its hindsight training chart but can you look for this type of trades in real-time live market and have the confidence to execute...
EurGbp Jul20 Daily

- looking for buy @0.8500ish

- AEP is HA candle open

Attached Image (click to enlarge)
Click to Enlarge Name: EG Jul20 Daily 5m21m233m 20-7-2022 9-59-21 am.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,033
  • Jul 19, 2022 11:21pm Jul 19, 2022 11:21pm
Quoting emmanuel7788
{quote} EurGbp Jul20 Daily - looking for buy @0.8500ish - AEP is HA candle open {image}

EG Jul 20 Update: Tokyo 13:15PM

- to reply a PM what is Daily AEP.

its the APB/HA candle Open price

I use that for my best average entry price AEP for TMS MEME

or you can wait for the low timeframe retracement for a possible setup near the Daily AEP which is near 0.8500ish

Attached Image (click to enlarge)
Click to Enlarge Name: EG Jul20 Daily zoom in HA Open 20-7-2022 12-12-49 pm.png Size: 15 KB


EG M5 ... Waiting if you have the patience

Attached Image (click to enlarge)
Click to Enlarge Name: EG Jul 20 M5 PA 20-7-2022 12-16-44 pm.png Size: 26 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,034
  • Jul 19, 2022 11:39pm Jul 19, 2022 11:39pm
Quoting khalidhassan
{quote} Can you please give a link where can i find Big E' original 5-Method ?

If you want to know what the original 5-Method chart would look like today before Big E added his HA candles and 5EMA,

it is like this example below.

Big E and I have the same trading coach when we were trading the US Markets in the 1990s.

NQ is NASDAQ

Attached Image (click to enlarge)
Click to Enlarge Name: NQ original 5-Method chart 20-7-2022 12-33-57 pm.png Size: 27 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,035
  • Jul 20, 2022 1:12am Jul 20, 2022 1:12am
Quoting emmanuel7788
{quote} EG Jul 20 Update: Tokyo 13:15PM - to reply a PM what is Daily AEP. its the APB/HA candle Open price I use that for my best average entry price AEP for TMS MEME or you can wait for the low timeframe retracement for a possible setup near the Daily AEP which is near 0.8500ish {image} EG M5 ... Waiting if you have the patience {image} ...

EG July 20 Day trading

- EST 2AM 4hr ???

- Frankfurt Open ... data released...

- let the price settles first 15 mins then take your aim and shoot

- watch the Daily Day Open price for continuation buy 0.8525ish

Attached Image (click to enlarge)
Click to Enlarge Name: EG Jul 20 M5 w Daily FO EST 2am 20-7-2022 2-09-37 pm.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,036
  • Jul 20, 2022 1:32am Jul 20, 2022 1:32am
Quoting emmanuel7788
{quote} EG July 20 Day trading - EST 2AM 4hr ??? - Frankfurt Open ... data released... - let the price settles first 15 mins then take your aim and shoot - watch the Daily Day Open price for continuation buy 0.8525ish {image}

EG Jul 20 Frankfurt Open hour EST 2:30am

- you have a M30 entry opportunity

- you stop loss is below the swing low

> do your risk amount 'R' plus Position Sizing.

Attached Image (click to enlarge)
Click to Enlarge Name: EG Jul 20 M30 entry FO 30mins 20-7-2022 2-30-15 pm.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,037
  • Jul 20, 2022 2:03am Jul 20, 2022 2:03am
Quoting emmanuel7788
{quote} EG Jul 20 Frankfurt Open hour EST 2:30am - you have a M30 entry opportunity - you stop loss is below the swing low > do your risk amount 'R' plus Position Sizing. {image}
EG Jul 20 update London Open hour

If you missed all the setups and entries,

now you have a H4 BUEOB breakout candle of the Mother Bar/Inside Bar

- m2m3m15


Attached Image (click to enlarge)
Click to Enlarge Name: EG Jul 20 H4 BUEOB breakout entry 20-7-2022 3-00-29 pm.png Size: 32 KB


> possible one more add-on later when I see the setup ...


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,038
  • Jul 20, 2022 5:51am Jul 20, 2022 5:51am
I just re-read and re-studied this whole thread and also Craig Harris' Stochastic thread up until the point where Big E stopped posting (rest in peace, dear sir) to figure out his whole trading system.

So consider this post a reminder for us all about the heart, the core of this whole TMS/5-method trading system amid the never-ending improvisation and tweak from various traders following the thread.

No, I am not saying that people here trading it "wrongly" or anything, I completely respect that and won't say any word about that.

But this is one of the threads that is still active even after more than a decade, so obviously everyone will feel lost when surfing this 6 thousand page deep ocean. After studying it again, I feel the need to remind us all about the original system.

Big E was very SERIOUS when naming this system "Trading Made Simple", to the point that it got me mind-blown to be honest hahaha.

These are the core ways of trading with this system:

  1. SL is not used most of the time. TP is not set. RR is not considered. Money management, hmm, let's say "nonexistent". Target level profit is not set, just take whatever given to you.
  2. To my comprehension, the only thing that is mechanical is the entry and the exit. Even so, Eric (Big E) tends to exit the trade using his own analysis and feeling.
  3. My overall impression towards this system is like: "ooh a nice setup, ok enter." "Ok I entered, now chill." "Aah, profit. Doesn't matter how many pips. I'll just close." "Aah, this trade doesn't work, ok cut loss."
    That's it. That's how this system works (of course, oversimplification )

Very simple, right??
So what is the key to this system, aside from the knowledge required to read the price action and aside from the indicators?

The answer is: FULL LOT TRADING.
No 0.1 lot. No 0.00x lot.
OPEN. POSITION. WITH. ONE. LOT.

Heikin ashi candles, TDI, 5-EMA, etc. are the tools that are proven to give you a right bias once the signal is out.
Once TDI crosses or once price crosses EMA and you are trading with the trend, plus in the right timing, you just enter without thinking at all.
Hence, "Trading Made Simple".
No 1:2, 1:3R. No position size calculation. Just enter with one lot.

That means, even when the market only gives you 10 pips profit, that's around $100 already. Imagine doing that every day.
You're in the right side of the market and you get 2-3 consecutive 4h candles to your direction? Boom. $1,000 per trade.

Yes, to be able to achieve this kind of simplicity, one has to be able to read price action first.
Also with one lot, when price does pullback it could be a trouble.
That's why Eric has the 5-pip pullback policy where he mainly closes the trade when he's in a profit and price pulls back for 5 pips.
This is also one thing I am trying to figure out as well, whether I should follow Eric or figure out my own SL system.

So yeah, those are the heart and the core of this TMS system, guys.
Literally, Trading Made Simple. One lot is the key.
(I have been, and am trading supply demand with liquidity concept for years now, and I am still mind-blown by the time I typed this post.)

Cheers!

  • #133,039
  • Jul 20, 2022 7:14am Jul 20, 2022 7:14am
Quoting jpntrader
I just re-read and re-studied this whole thread and also Craig Harris' Stochastic thread up until the point where Big E stopped posting (rest in peace, dear sir) to figure out his whole trading system. So consider this post a reminder for us all about the heart, the core of this whole TMS/5-method trading system amid the never-ending improvisation and tweak from various traders following the thread. No, I am not saying that people here trading it "wrongly" or anything, I completely respect that and won't say any word about that. But this is one...

YES!

Try trading 2 to 4 standard lots with an account of USD10,000.... Leverage 100:1

I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,040
  • Jul 20, 2022 7:16am Jul 20, 2022 7:16am
Quoting emmanuel7788
{quote} EG Jul 20 Update: Tokyo 13:15PM - to reply a PM what is Daily AEP. its the APB/HA candle Open price I use that for my best average entry price AEP for TMS MEME or you can wait for the low timeframe retracement for a possible setup near the Daily AEP which is near 0.8500ish {image} EG M5 ... Waiting if you have the patience {image}

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Click to Enlarge Name: EG Jul20 Daily zoom in HA Open 20-7-2022 12-12-49 pm.png Size: 15 KB

...

LOL. Took many hours for price to return to 08500...

M5 double bottom

Attached Image (click to enlarge)
Click to Enlarge Name: EG Jul 20 PA back to 8500 20-7-2022 8-11-45 pm.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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