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Trading Made Simple

  • #133,121
  • Jul 22, 2022 9:13pm Jul 22, 2022 9:13pm
Quoting emmanuel7788
{quote} EJ Jul 22 even when I scalp I scalp the 4hr ... its now New York 4am sell EJ 139.54 TP +70 pips
EJ Jul 22 trades closed

- 3 trades done for Friday

+70pips, +30pips and +70pips

Price Action is simple and easy once you have mastered the original 5-Method without the use of helping indicators like the Stoch and TDI. It take time to master the 5-Method, most traders here need 3 to 5 years.

  1. there was the Weekly big candle high-low 2 weeks ago
  2. WCC high-low defines the Market Type #2 Sideways Wide Range which is good for 4H swing trading and you can 'trade both ways' Big E' Post#7555.
  3. Follow 4H price action with Support/Resistance swings lows swing highs ... fractals

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Jul22 trades closed re-entry 23-7-2022 8-25-01 am.png Size: 29 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,122
  • Jul 22, 2022 9:17pm Jul 22, 2022 9:17pm
Many new traders are attracted to this thread' title Trading Made Simple. It is the trading journey of eelfranz a stock trader of 10 years and retiring and wanted to be a forex trader in 2006.

To help readers traders get started with Trading Made Simple and to follow the trading journey of Big E I made this summary:

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
  • #133,123
  • Jul 22, 2022 11:34pm Jul 22, 2022 11:34pm
Quoting emmanuel7788
Many new traders are attracted to this thread' title Trading Made Simple. It is the trading journey of eelfranz a stock trader of 10 years and retiring and wanted to be a forex trader in 2006. To help readers traders get started with Trading Made Simple and to follow the trading journey of Big E I made this summary: 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...
"Many new traders are attracted to this thread' title Trading Made Simple."
I'm not new to trading but am definitely categorized to people who got attracted.
Been on forexfactory since almost a decade without having an account, created one but kept being a silent reader reading this thread since 2020 or 2021, I forgot.
Then because one thing and another decided to seriously give this system a try and broke my silence.

Let's admit that despite all the name calling and the fight that is happening in this thread, you, Tommy, and Dave keeps providing us advice and knowledge and I am personally thankful for that. I respect each other's interpretation of this TMS system.

What I'm trying to say is it's because of you too that people get attracted.
---

Now, I cannot emphasize this enough that one of the MAJOR reasons this system is called "Made Simple" is because Big E traded with ONE FULL LOT.
This makes even 10 pips profit could give you decent pocket money.

I could say this because I just spent hours reading this thread and Craig Harris' Stochastic thread to really figure out how Big E originally traded. Hahaha.

Have a nice weekend, guys.
  • #133,124
  • Edited 3:06am Jul 23, 2022 2:51am | Edited 3:06am
Quoting jpntrader
{quote} "Many new traders are attracted to this thread' title Trading Made Simple." I'm not new to trading but am definitely categorized to people who got attracted. Been on forexfactory since almost a decade without having an account, created one but kept being a silent reader reading this thread since 2020 or 2021, I forgot. Then because one thing and another decided to seriously give this system a try and broke my silence. Let's admit that despite all the name calling and the fight that is happening in this thread, you, Tommy, and Dave keeps...
"I cannot emphasize this enough that one of the MAJOR reasons this system is called "Made Simple" is because Big E traded with ONE FULL LOT. "

@jpntrader

I don't think you got it why this thread title he pick from so so many other titles which members proposed.

It isn't about trading one standard full lot. There's a few other reasons why he pick Trading Made Simple as the thread title. He did mention the reasons in his old thread. Piecing together his puzzle pieces you will probably get it.

But if you think it is about trading 1.0 lot, then I simply put that as the fix lot size and follow his Post# 8703 and test the Daily.

here is the test results so far from Jan 2012 till Dec 2016, UJ your country currency.... 5 years

as the trader, what would you do when you see your account growing like this below?

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily Jan 2012 to Dec 2016 backtest 23-7-2022 3-21-40 pm.png Size: 7 KB

while I make this post, ...test still running till Jul 2022.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,125
  • Jul 23, 2022 4:46am Jul 23, 2022 4:46am
Quoting emmanuel7788
{quote} "I cannot emphasize this enough that one of the MAJOR reasons this system is called "Made Simple" is because Big E traded with ONE FULL LOT. " @jpntrader I don't think you got it why this thread title he pick from so so many other titles which members proposed. It isn't about trading one standard full lot. There's a few other reasons why he pick Trading Made Simple as the thread title. He did mention the reasons in his old thread. Piecing together his puzzle pieces you will probably get it. But if you think it is about trading 1.0 lot, then...
Yeah of course there are other reasons (that can only be understood by re-read all of his posts). Pardon me for my lack of description
  • #133,126
  • Jul 23, 2022 5:19am Jul 23, 2022 5:19am
Quoting emmanuel7788
{quote} EJ Jul 22 trades closed - 3 trades done for Friday +70pips, +30pips and +70pips Price Action is simple and easy once you have mastered the original 5-Method without the use of helping indicators like the Stoch and TDI. It take time to master the 5-Method, most traders here need 3 to 5 years. there was the Weekly big candle high-low 2 weeks ago WCC high-low defines the Market Type #2 Sideways Wide Range which is good for 4H swing trading and you can 'trade both ways' Big E' Post#7555....
Very well done. Will you upload your template? Many thanks for all your comments.
  • #133,127
  • Jul 23, 2022 7:19am Jul 23, 2022 7:19am
Usdjpy daily from jan 2022 till now
9 setups
5 lossers and 4 winners but winner more bigger because there are 2 trades from the winner are more than 2.5r
so you must cut losses quickly and let profits run to be rofitable
win rate 44%
learning CHART
Attached Image (click to enlarge)
Click to Enlarge Name: USD JPY 23.PNG Size: 17 KB
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,128
  • Jul 23, 2022 7:28am Jul 23, 2022 7:28am
Quoting kofix11
{quote} Very well done. Will you upload your template? Many thanks for all your comments.
There is no special template.

I removed the Stochastics and TDI which Big E mentioned in his Post#2617.

I set my MT4 to show as Bar chart in Foreground mode
Use the same Synergy APB HA candles
Use the same 5EMA Typical Price, Shift+1
Add a 5LWMA, Close price, Shift0

BN levels to show the price BRN and RN 00, 50 levels , You find in the old thread.
> download here: { click }

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Jul22 trades closed re-entry 23-7-2022 8-25-01 am.png Size: 29 KB


Use the fractals 'support and resistance' Big E posted in his old thread. Or this newer version
> download here : { click }

the rest of


the APB/HA On/Off is in this post { here }

the other m-Candles of the HTF are by member LvMMT { here }

set up your own chart and save that as your own template.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,129
  • Jul 23, 2022 7:30am Jul 23, 2022 7:30am
Quoting emmanuel7788
{quote} "I cannot emphasize this enough that one of the MAJOR reasons this system is called "Made Simple" is because Big E traded with ONE FULL LOT. " @jpntrader I don't think you got it why this thread title he pick from so so many other titles which members proposed. It isn't about trading one standard full lot. There's a few other reasons why he pick Trading Made Simple as the thread title. He did mention the reasons in his old thread. Piecing together his puzzle pieces you will probably get it. But if you think it is about trading 1.0 lot, then...

full test results

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily Jan 2012 to Jul 2022 completed 23-7-2022 3-40-59 pm.png Size: 8 KB

can you wait another 5 years to see the profits if you start trading Daily chart starting next week?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,130
  • Jul 23, 2022 7:47am Jul 23, 2022 7:47am
Quoting Alihelmy123
Usdjpy daily from jan 2022 till now 9 setups 5 lossers and 4 winners but winner more bigger because there are 2 trades from the winner are more than 2.5r so you must cut losses quickly and let profits run to be rofitable win rate 44% learning CHART {image}

UJ is going to be tough in the coming weeks and months as it will be sideways up and down in narrow range.
We may see a few trending days when Weekly breaks out and can be profitable if we enter buy or sell using the APB/HA candle#2 (APB/HA #2 is the setup candle) and the 5LWMA above 5EMA for buy and LWMA5 below 5EMA for sell, most important to exit when the APB/HA changes colour this would be the next APB/HA #1 exit and ... the next setup repeats,

No need for signals from Stoch and TDI as in Post#2617. This is closest you can get to the original 5-Method.

UJ Jan 2006 to Jul 2022

note those flat balance/equity when there is fewer 3 to 8 candles swings. If the swing goes 8 to 15 candles, then the equity will grow.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily Jan 2006 to Jul 2022 backtest 23-7-2022 4-21-52 pm.png Size: 8 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,131
  • Jul 23, 2022 7:48am Jul 23, 2022 7:48am
Quoting emmanuel7788
{quote} There is no special template. I removed the Stochastics and TDI which Big E mentioned in his Post#2617. I set my MT4 to show as Bar chart in Foreground mode Use the same Synergy APB HA candles Use the same 5EMA Typical Price, Shift+1 Add a 5LWMA, Close price, Shift0 BN levels to show the price BRN and RN 00, 50 levels , You find in the old thread. > download here: { click } {image} Use the fractals 'support and resistance' Big E posted in his old thread. Or this...
Ohh wow. That's munch more than I thought to get. Many thanks!!!
  • #133,132
  • Jul 23, 2022 7:54am Jul 23, 2022 7:54am
Quoting emmanuel7788
{quote} UJ is going to be tough in the coming weeks and months as it will be sideways up and down in narrow range. We may see a few trending days when Weekly breaks out and can be profitable if we enter buy or sell using the APB/HA candle#2 (APB/HA #2 is the setup candle) and the 5LWMA above 5EMA for buy and LWMA5 below 5EMA for sell, most important to exit when the APB/HA changes colour this would be the next APB/HA #1 exit and ... the next setup repeats, No need for signals from Stoch and TDI as in Post#2617. This is closest you can get to the...

UJ Daily July 25 onwards

- Monday Jul 25 open sell entry at Sydney Open or Tokyo Open

- Stop Loss above Jul 21 high and do trade Position Size

- Move SL BE+ when price move +1.5 ADR (100 days)

> manage trade on daily open basis

- wait for APB/HA candle close with change in colour and exit when Sydney Open

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily Jul22 NY Close 23-7-2022 8-28-38 pm.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,133
  • Jul 23, 2022 9:11am Jul 23, 2022 9:11am
Quoting emmanuel7788
{quote} Valid point technical traders look at time-based price chart and see support and resistance in all places and timeframes but what moves the currency market is something full-time traders must know and use that to give them an advantage over technical traders. When i started out trading currencies in 2000, i followed kathy lien and boris schössberg at gft. Being technical traders we think in probabilities... Over a large series of trades, we will know what the probability outcome of each type of trade setups we choose to trade....
i read this book several times it is great
for this my first goal in trading is to still live in market for long time so i dont risk more than 1% to give my edge the chance to work according to random distribution
and i know that every moment is unique so the most important part is how to mange the trade and exit is very important
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,134
  • Jul 24, 2022 12:26pm Jul 24, 2022 12:26pm
Quoting jpntrader
{quote} "Many new traders are attracted to this thread' title Trading Made Simple." I'm not new to trading but am definitely categorized to people who got attracted. Been on forexfactory since almost a decade without having an account, created one but kept being a silent reader reading this thread since 2020 or 2021, I forgot. Then because one thing and another decided to seriously give this system a try and broke my silence. Let's admit that despite all the name calling and the fight that is happening in this thread, you, Tommy, and Dave keeps...
I like this thread , I am a newbie and it is teaching me a lot of things .
  • #133,135
  • Jul 24, 2022 5:33pm Jul 24, 2022 5:33pm
AUD JPY DAILY
NO MORE THAN IDEA
Attached Image (click to enlarge)
Click to Enlarge Name: aud jpy 25.PNG Size: 4 KB
Attached Image (click to enlarge)
Click to Enlarge Name: aud jpyy 25.PNG Size: 13 KB
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,136
  • Jul 24, 2022 5:39pm Jul 24, 2022 5:39pm
Nzd jpy daily
no more than idea
Attached Image (click to enlarge)
Click to Enlarge Name: NZD JPY 25.PNG Size: 5 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NZD JPY Y25.PNG Size: 11 KB
remrmber it is how yo mange the trade
so cut losses quickly and let profit run
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,137
  • Jul 24, 2022 6:11pm Jul 24, 2022 6:11pm
Quoting ironclad1
{quote} I like this thread , I am a newbie and it is teaching me a lot of things .
hi @ironclad

As a newbie you have a lot to catch up with Big E the OP.

To learn fast, follow his Post#336
Quoting eelfranz
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...
<>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..
<>

I would suggest, start at Post#1 in his old thread and work your way through that thread until the OP said:

https://www.forexfactory.com/thread/...hastics-method

#4432: April 11, 2011
OK... we've made the jump... we are now in Trading Systems under "Trading Made Simple"... I want to invite you all and lets build this new thread together... I'm depending on you... Let's kick bootie... Big E

or,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,138
  • Jul 24, 2022 6:17pm Jul 24, 2022 6:17pm
Quoting Alihelmy123
Nzd jpy daily no more than idea{image}{image}remrmber it is how yo mange the trade so cut losses quickly and let profit run

becareful with ¥ related pairs this week.

with growing inflation and recession fears,

the big economies central banks are all planning the same ... FED will lead the way.

AUD, CAD and NZD are playmakers this week into Aug and Sep.

Sep will be my 24th of 36th months ... my 3year-trading-cycle and I have locked some profit and will bank my target quite comfortably trading the Daily and Weekly charts swings.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,139
  • Jul 24, 2022 6:33pm Jul 24, 2022 6:33pm
been a long time, i did not come back to this thread, Emmanuel still has that spirit for fighting . it is good to see Emmanuel, Tommy, Dr Dave still alive here which mean to me yall still make some money ? right
Short Eurjpy @139.17, i should share some trade with this thread. Enjoy as new members of this thread
Attached Image (click to enlarge)
Click to Enlarge Name: aaa.png Size: 28 KB
  • #133,140
  • Jul 24, 2022 6:44pm Jul 24, 2022 6:44pm
Quoting emmanuel7788
{quote} UJ Daily July 25 onwards - Monday Jul 25 open sell entry at Sydney Open or Tokyo Open - Stop Loss above Jul 21 high and do trade Position Size - Move SL BE+ when price move +1.5 ADR (100 days) > manage trade on daily open basis - wait for APB/HA candle close with change in colour and exit when Sydney Open
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily Jul22 NY Close 23-7-2022 8-28-38 pm.png Size: 25 KB


{image}

UJ Jul 25 Sydney 9:40am

> Market Type#2

- once I have done my weekly top down analysis, I have my trade plan ready - Plan the Trade, Trade the Plan.

- I can open sell when Tokyo market session open , and/or

- I also use M5 for my low risk trading idea entries
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jul25 pipware H4D1W1MN 25-7-2022 7-38-54 am.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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