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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

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Trading Made Simple

  • #133,261
  • Jul 29, 2022 7:55pm Jul 29, 2022 7:55pm
Quoting jpntrader
{quote} First week of being fully converted to this system. Did not get any entry for Thursday and Friday but I was happy enough just to be on the sideline, watching markets creating big, crazy movements. However, on Friday I was getting one entry signal on UJ, a counter-trend trade, that checked all the rules for 5-EMA method (price closes above 5-EMA, the next candle opens with the same color). If I had not placed my TDI, I would have entered with less risk, knowing it was a counter trend. Thanks to the TDI, I noticed that the first candle that...
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reading your post and the price action on your UJ H1 chart,
I think it is obvious you missed learning the Natural Flow of the Forex Market tutorials videos which Big E posted back in 2009.

Big E' 5-Method Basics:

> the higher TF 'trend' for H1 is bearish, therefore no buy trade. the previous Day close big red candle

> the first TDI signal is not good because the price action show consolidation area... Post#647

> you should be looking for sell continuation setups - price pull-back reversal or simply price action bounce and make sure with both Stoch and TDI confluence signals.... Post#261

the rest of #647 checklist is below.

Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X.

<>

You will do well with when you have the discipline keeping to One, Two and Three { click and read },

then after your first 1,000 trades you will see the true results of Trading Made Simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,262
  • Jul 29, 2022 8:16pm Jul 29, 2022 8:16pm
Quoting emmanuel7788
{quote} this UJ sell trade still running ... its +500pips now. {image} {image}
PM Q&A :

UJ Jul22 Friday close
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To answer many PM question on when and how to add-on entries in this UJ Day chart sell trade,
the first entry was on July 25 Sydney open based on the Daily candle price action
there were no add-on entries on July 26 and 27 as the price was in narrow range consolidation and shallow retracement
the add-on entries were on July 28 and 29.
I use H1 Dynamic Entry based on RSI signals RSI(8)xMA(8) during a active H1 candle period.
RSI(8)xMA(8) is a version of the old Synergy model "Fast TDI' in 2009 which some traders use in their EA development.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,263
  • Jul 29, 2022 8:33pm Jul 29, 2022 8:33pm
Quoting emmanuel7788
TMS ME/ME trades closed 31 July Closing this month' trading nicely with the GBPUSD basket just closed. This week has been extraordinary with the trending pairs EURAUD, EURNZD, GBPAUD and GNPNZD. Manage to grow this account from last week' $105K to $125K this week. {image} Last week trades, see post#59,064.

TMS MEME July 31 month closing ...


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Learn from previous trade plans and its trade history, fine- tuned the previous trade plan to be up-to-date with current market conditions

and repeat every 3 years-trading-cycle, ....


what do you do in your trading system fine-tuning? ...

- improve your weekly top down analysis to spot the Market Type conditions change as early as possible

- actively work on trade recovery plan after every cut-loss situation

- improve the recovery time after a drawdown period

- reduce the drawdown duration from 4 weeks to 2 weeks

- improve the allocation of trading margin to the number of pairs traded in the trading cycle
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,264
  • Jul 29, 2022 8:58pm Jul 29, 2022 8:58pm
Quoting Monty13
{quote} Hi emmanuel. I used to trade this TMS 5 rules methodology quite a while ago. But wasn't consistent, as I was working full time. I have gone through the forum again, and again, and have refreshed my understanding of TMS 5 method. Would you kindly tell me where I could download the TMS monitor, and if you don't mind sharing your set file on TMS_V19 EA. plz. Thanks
"But wasn't consistent, as I was working full time."

hi Monty13

Now its weekend time and I will answer your post with my free time after month-end closing yesterday.

I suggest you follow the OP Big E' post recommendation and make the switch to trade the Daily chart since you are working full time.
#4752. Look at more pairs and not limit to the 8 pairs of Big E. This would give your more trade opportunities to practice and learn and gain more confidence.

You can start with developing a Money Management Strategy using Demo account.
You can start with a minimum sum of USD10,000 assuming that one day you will be able to trade Live with the same amount of money. Or you can start with an amount equivalent to one year salary assuming you will retire one day and be able to trade that one year salary you saved for retirement. Think of making 20% of your annual salary today to supplement your current annual income in this post-covid era and knowing the UK will be in recession.
The leverage to use depends on you and since you are based in the UK, you have to abide by the laws of the UK and its regulated brokers.

Start with trading Single Entry Single Exit like the way Big E did back in 2010.
Use trade Position Sizing in your Money Management strategy and make Position Sizing your 'holy grail'. Study that Thom Hartle this :
This article 'holy grail by Thom Hartle' is a good read.
>> click {download }

Be active in this thread and I shall be posting realtime live market analysis and live trades to help you along.

stay tuned for the next part ... "TMS Monitor"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,265
  • Jul 29, 2022 9:15pm Jul 29, 2022 9:15pm
Quoting Monty13
{quote} Hi emmanuel. I used to trade this TMS 5 rules methodology quite a while ago. But wasn't consistent, as I was working full time. I have gone through the forum again, and again, and have refreshed my understanding of TMS 5 method. Would you kindly tell me where I could download the TMS monitor, and if you don't mind sharing your set file on TMS_V19 EA. plz. Thanks
"Would you kindly tell me where I could download the TMS monitor,.."

Hi Monty13

as promised,

here are the indicators and my template for my favourite 15 pairs.

Note:
1) The Heiken Ashi.ex4 and TDI Red Green must be copied to your MQL4/ Indicators/ folder and you must replace the existing ones with same names to endure that the monitor work exactly like my using the template. This Heiken Ashi works exactly like the Synergy APB, only the name had been hard coded in the TMS Monitor EA v1.1

2) Copy this TmsMonitor-v1.1.ex4 to your MQL4/Expert/ folder

3) the template #tms-monitor-v1.1.tpl must be copied to your MT4 templates/ folder

Any problem and question , please post here. Use this nice basic trading tool to help you during your trading hours.

Heiken Ashi.ex4 { download }

TDI Red Green { download }

TmsMonitor-v1.1.ex4 { download }

template #tms-monitor-v1.1.tpl { download }

***Important Note***
TMS Monitor is an Expert Advisor and you need the market to be open to see it work in live market data.


...


stay tuned for the TMS_V19 EA ... another basic TMS trading tool also an EA


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,266
  • Edited 9:33pm Jul 29, 2022 9:23pm | Edited 9:33pm
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....

Hey TMS Folks

WE are all here to trade and make money while we can...

Big E:
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....

I would add:

For those who want to trade the Daily chart, you have the option to trade the reversal like Big E mention in his post above. The better option is to trade the CONTINUATION ... i.e. after the D1 reversal is confirmed and in an established trend / swing.
This means you can enter a trade using APB/HA candles #3, #4, #5, #6 and so on ... in a Daily Trending Market Type .... but make sure the Weekly is not in consolidation like a Master Candle, a WRB or a WCC.

Another option is to trade the Daily using mehdi343 Method #1 { here }
https://www.forexfactory.com/thread/...ree-tdi-system
<quote>
I personally prefer to use method 1 for daily chart, as I need to only check the charts at the start of the day and open possible positions and leave it until the end of the day. So it is stress free strategy. However, both method 1 and 2 can be used for 4H if you like to monitor graphs during the day.

Method 1 :

At the beginning of the day, I will check all 28 pairs for possible entries based on the following rules:

BUY:

1) Stochastic : Should be over 80
2) TDI : a) Green should cross above the red line or show a rebound b) prefer that cross or rebound happened above the yellow line.

Sell:

1) Stochastic : Should be bellow 20
2) TDI : a) Green should cross bellow the red line or show a rebound b) prefer that cross or rebound happened bellow the yellow line.

<unquote>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,267
  • Jul 29, 2022 10:36pm Jul 29, 2022 10:36pm
Quoting emmanuel7788
{quote} {image} reading your post and the price action on your UJ H1 chart, I think it is obvious you missed learning the Natural Flow of the Forex Market tutorials videos which Big E posted back in 2009. Big E' 5-Method Basics: > the higher TF 'trend' for H1 is bearish, therefore no buy trade. the previous Day close big red candle > the first TDI signal is not good because the price action show consolidation area... Post#647 > you should be looking for sell continuation setups...
Got it Emmanuel, thank you for the input. I will evaluate again based on the things you told me.

I think it is obvious you missed learning the Natural Flow of the Forex Market tutorials videos which Big E posted back in 2009.
So many videos or links in this thread are already deleted or not available anymore.
Yeah I probably missed that.

> the higher TF 'trend' for H1 is bearish, therefore no buy trade. the previous Day close big red candle
I am 100% aware that price is to the downside. But I have my own experience before switching to this system, that's why I felt good aiming for a counter-trend.
But no good signal was given so I skipped that and I was happy being in the sideline.

> the first TDI signal is not good because the price action show consolidation area... Post#647
Sometimes, after consolidation, price pulls back first before continuing its way down. This was my original trade idea: trade the pullback.
That's why I also have my normal Japanese candle chart on the right side as well, just to confirm the price and its movement (although I barely use it).
But yes, even when there is a TDI cross, if it (the TDI) was flat before the cross, I usually skip it as well.
  • #133,268
  • Jul 30, 2022 2:36am Jul 30, 2022 2:36am
Reply to PM request:

where to download this chart template?

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here:

Pipware charts by FF member stratman.

indicators and my templates for Big E' Trading Made Simple 5_Method.

Indicators { download } click!

Templates { download } click!

Also checkout these posts:

https://www.forexfactory.com/thread/...9#post13652279

https://www.forexfactory.com/thread/...59#post9588859

You can download the pipware charts in this Trading Made Simple thread
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,269
  • Edited 3:02am Jul 30, 2022 2:51am | Edited 3:02am
Quoting jpntrader
{quote} Got it Emmanuel, thank you for the input. I will evaluate again based on the things you told me. I think it is obvious you missed learning the Natural Flow of the Forex Market tutorials videos which Big E posted back in 2009. So many videos or links in this thread are already deleted or not available anymore. Yeah I probably missed that. > the higher TF 'trend' for H1 is bearish, therefore no buy trade. the previous Day close big red candle I am 100% aware that price is to the downside. But I have my own experience before switching to this...
You can trade both ways when trading intraday.
But to take counter-trend trades, do it like in the old thread i.e. trade M15 and use the Tokyo channel.

Most traders join this thread discussion very late and all the Craig Harris tutorial videos are no longer available for public viewing. I have seen those video a dozen times back in 2010. Learned everything back then and I know what Big E knew and he does not mention those things because he expected we all watched those videos. Craig Harris has his own commercial trading school now.

What you can do now is to study these posts and those charts attached.

#149
#168
#169

then this post #101,

see if you spot the mistake made in his post. Big E got a few things wrong.
This would be a good test if you know CraigHarris' NFF system and Dean Malone ' Synergy trading model.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,270
  • Jul 30, 2022 4:56am Jul 30, 2022 4:56am
Quoting DrDave
{quote} Thanks for more laughs, Vincent! IMT was already a winning system long before you even started losing more of your money trying to figure out the 5-method. I was even using it in the Extreme TMA System thread 10 years ago, using their indicators tweaked to IMT settings while you were already deep in your FailurePit, searching, hoping and praying for some way to climb out of it. It's great fun reading your pathetic posts tying to denigrate others and distract from the truth because others shine the light that reveals your trickery and lies....
Have look at a post from 2012 that is an IMT analysis. Although that is too advanced for you, there are many others reading the thread that will grasp it.

Or how about yet another entry in the IMT success story.
To free Gazans of Hamas, use whatever it takes.
  • #133,271
  • Jul 30, 2022 5:08am Jul 30, 2022 5:08am
Quoting DrDave
{quote} Have look at a post from 2012 that is an IMT analysis. Although that is too advanced for you, there are many others reading the thread that will grasp it. Or how about yet another entry in the IMT success story.
But of course, I have the advantage over you, Vincent, of being able to quickly grasp new information and determine how to apply it advantageously.

More from 2012:

Let me ask you Dave, have you just started with MTF TMA or have you been doing this analysis for a while now? You seem to be really good at reading how the channels affect each other.
...
I was pointed to this thread only last week by a friend, so the last 2 weeks is my only exposure to this TMA system.
...
I'm really only to page 180 of the thread. I jumped ahead to check on what's current.
...
As I read the first few pages, I set up some charts and immediately added multiple TMA indicators so that I could see 4 channels on one chart. ... I call this Intrinsic Market Timing because the multiple charts are setup so you see the built-in timing due to the chart relationships TELL you what to do.)


So, Vincent, there is some evidence that I can grasp a system and tweak it in a matter of only a couple of weeks, whereas you have demonstrated that even after 10 years of trying, you STILL can't figure out the 5-method.
To free Gazans of Hamas, use whatever it takes.
  • #133,272
  • Jul 30, 2022 6:10am Jul 30, 2022 6:10am
Quoting DrDave
{quote} Looks like you failed to read all of the posts from even this year, let alone the entire thread. You will find the posts where tommy was waiting for Vincent to open his account to start the competition, but Vincent tried to wriggle out by declaring that tommy use a larger deposit. And when tommy had the larger amount, where was Vincent?? More excuses. If you care to waste more of your time, you can read the entire exchange for yourself and see how Vincent is nothing but a charlatan, liar, and fake trader. Tommy held out for a very long time...
hey TMS Folks

"a picture is worth one thousand words ...."

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,273
  • Jul 30, 2022 6:19am Jul 30, 2022 6:19am
Quoting DrDave
{quote} Have look at a post from 2012 that is an IMT analysis. Although that is too advanced for you, there are many others reading the thread that will grasp it. Or how about yet another entry in the IMT success story.
Mental Fitness and Trading Psychology

Schizophrenia is a serious mental disorder in which people interpret reality abnormally. Schizophrenia may result in some combination of hallucinations, delusions, and extremely disordered thinking and behavior that impairs daily functioning, and can be disabling. People with schizophrenia require lifelong treatment.

A schizophrenic hear voices in their head. Trader suffering from Schizophrenia listen to the market talking to them and they struggle everyday trying to learn the market' language.

Some people describe the voices they hear as friendly and pleasant, but more often they're rude, critical, abusive or annoying. The voices might describe activities taking place, discuss the hearer's thoughts and behaviour, give instructions, or talk directly to the person.
Schizophrenic is known to commit serious crimes like forgery, thefts, stealing, impersonating a psychologist by plagiarising his work, impersonating trading guru, etc.
Update Nov 13, 2020
The schizophrenic have few subscribers and are the victims who are regularly and repeatedly denigrated, often in an overt display and often covertly through subtle psychological manipulations. The subscribers of this schizophrenic pay a high price for their unwitting involvement with the mentally deranged. This is the cost of accepting, usually unknowingly, a role as subordinate and source of supply to assuage the schizophrenic’s true underlying feelings of inadequacy.


https://www.forexfactory.com/attachm...1&d=1603307752

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,274
  • Jul 30, 2022 6:45am Jul 30, 2022 6:45am
Quoting ReverseFlash
A picture is worth a thousand words... {image}
A picture is worth a thousand words... NEW!
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,275
  • Jul 30, 2022 7:17am Jul 30, 2022 7:17am
Quoting emmanuel7788
{quote} A picture is worth a thousand words... NEW! {image}
Been awhile, Didn't think FX Factory was still around. Hope all is well.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #133,276
  • Edited 8:36am Jul 30, 2022 8:23am | Edited 8:36am
Quoting emmanuel7788
{quote} "Would you kindly tell me where I could download the TMS monitor,.." Hi Monty13 as promised, here are the indicators and my template for my favourite 15 pairs. Note: 1) The Heiken Ashi.ex4 and TDI Red Green must be copied to your MQL4/ Indicators/ folder and you must replace the existing ones with same names to endure that the monitor work exactly like my using the template. This Heiken Ashi works exactly like the Synergy APB, only the name had been hard coded in the TMS Monitor EA v1.1 2) Copy this TmsMonitor-v1.1.ex4 to your MQL4/Expert/...
emmanuel. Thank you, for your helpful advise and sharing the downloads.

I'm also interested in TMS_V19 EA. , which I've already downloaded it, and like to set it up like yours, if you don't mind to let me have your TMS_V19 EA. setfile.

Much appreciated your huge help in this forum.
  • #133,277
  • Jul 30, 2022 9:40am Jul 30, 2022 9:40am
Quoting tommydoginti
{quote} Week 1 done. {image} Choppy price movement but been buying GU last two days. Closing early to end the week. Missed the spike up but always more chance. {image}
Week 2 done.

Had quite a few BE+/- trades and a couple losing trades. Took my time relaxing in trading, avoided the news and scalped after news and the spike up.
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  • #133,278
  • Jul 30, 2022 9:47am Jul 30, 2022 9:47am
Quoting jpntrader
{quote} First week of being fully converted to this system. Did not get any entry for Thursday and Friday but I was happy enough just to be on the sideline, watching markets creating big, crazy movements. However, on Friday I was getting one entry signal on UJ, a counter-trend trade, that checked all the rules for 5-EMA method (price closes above 5-EMA, the next candle opens with the same color). If I had not placed my TDI, I would have entered with less risk, knowing it was a counter trend. Thanks to the TDI, I noticed that the first candle that...
"TDI and Stoch are there to stay on my chart."

TDI is the hard of the Trading Made Simple method. Nice you are one of us knowing how TDI cross and bounce signals can work well with BigE's simple Price Action. Trading Made Simple is just this simple.

Just follow BigE's #647 and wait for the TDI signals in the direction of the bias.

Trade Well

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  • #133,279
  • Jul 30, 2022 9:57am Jul 30, 2022 9:57am
Quoting Monty13
{quote} emmanuel. Thank you, for your helpful advise and sharing the downloads. I'm also interested in TMS_V19 EA. , which I've already downloaded it, and like to set it up like yours, if you don't mind to let me have your TMS_V19 EA. setfile. Much appreciated your huge help in this forum.
Hi Monty,

I wish you good luck and not that I haven't warned you.

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Price broke previous high and was making a higher high. An signal that tells you to buy at tops is the one leading you to blow accounts. Anyway, trade well
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  • #133,280
  • Jul 30, 2022 11:41am Jul 30, 2022 11:41am
Hello everybody
I just discovered this thread and read all the Big E's posts but is it impossible to read all the pages.
Thank you to the active members. I'll do my best to participate and help
Chris
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