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Trading Made Simple

  • #133,861
  • Aug 24, 2022 10:05am Aug 24, 2022 10:05am
Quoting Tekkies
{quote} Ok, no problem. When one method does not give result's, you switch to a other method, only to jump to something else. ------- What are you going to use next, Vincent?
He learned quite a lot from Jack Rabbit hasib.
To free Gazans of Hamas, use whatever it takes.
  • #133,862
  • Aug 24, 2022 10:18am Aug 24, 2022 10:18am
As always... This thread is still very much alive (probably eelfranz soul is lurking inside this thread) ; )─ As a newbie in trading back then, this thread helps. Although, I'm not able to grasp 100% of the abrupt end-result of eelfranz (R.I.P.) teachings herein. Still... I got valuable information and additional inspiration.

Anyway, I just visit here from time to time as this thread is where it all begins for me... Nevertheless, my tool variation of TDI starts here that turned to TDZ, and then finally... a so-called dynamic My NET with SmoothStep function <<< forgive me eelfranz for this link.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI_MyNET.png Size: 18 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #133,863
  • Aug 24, 2022 10:56am Aug 24, 2022 10:56am
Quoting v2vboni
As always... This thread is still very much alive (probably eelfranz soul is lurking inside this thread) ; )─ As a newbie in trading back then, this thread helps. Although, I'm not able to grasp 100% of the abrupt end-result of eelfranz (R.I.P.) teachings herein. Still... I got valuable information and additional inspiration. Anyway, I just visit here from time to time as this thread is where it all begins for me... Nevertheless, my tool variation of TDI starts here that turned to TDZ, and then finally... a so-called dynamic...
Hi v2vboni.
Long time no post.
How long have you been working on that indie? What 5 / 6 years?
It is time the market pay you back for those long hours you worked.
  • #133,864
  • Aug 24, 2022 11:04am Aug 24, 2022 11:04am
Quoting Tekkies
{quote} Hi v2vboni. Long time no post. How long have you been working on that indie? What 5 / 6 years? It is time the market pay you back for those long hours you worked.
It is like any other Operating system... heck like a smartphone... It continues to improve ; )─ and no ongoing concern about the market paying me back ; )─ I have plenty.

Just stay positive and adapt to change... Warm regards ; )─
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #133,865
  • Aug 24, 2022 1:20pm Aug 24, 2022 1:20pm
Hi everyone. I've taken interest in the size and activity of this thread. I've been day trading with little success for 2 months now. I am here asking what parts of this thread I should study and value as I cannot read all 6600 pages. Cheers!
  • #133,866
  • Aug 24, 2022 3:58pm Aug 24, 2022 3:58pm
Hello, wish good day for
I have try this strategy for along time but I have some questions
1-how I can locate my tp and sl
2-i was trade between 15.30 to 18 o'clock can i trade in another time in the day
3-what is the best pair for this strategy
Thanks
  • #133,867
  • Aug 24, 2022 4:26pm Aug 24, 2022 4:26pm
Quoting nikomar997
Hi everyone. I've taken interest in the size and activity of this thread. I've been day trading with little success for 2 months now. I am here asking what parts of this thread I should study and value as I cannot read all 6600 pages. Cheers!
Don't get fooled by the size or the activity of this thread.
Start with Post#1 and focus your attention only on one member: eelfranz
Better knowed as> BigE

Stop reading when you reach post#12912
Been trading for two months, maybe a short cut will suit you better > Post 125,343
  • #133,868
  • Aug 24, 2022 4:59pm Aug 24, 2022 4:59pm
Quoting nikomar997
Hi everyone. I've taken interest in the size and activity of this thread. I've been day trading with little success for 2 months now. I am here asking what parts of this thread I should study and value as I cannot read all 6600 pages. Cheers!

hi @nikomar997

Sorry to disappoint you. IF you have been trading for 2 months, you have to be learning a lot about trading the markets first before you try to trade this 5-Method by the OP of this thread.
But following this thread from its beginning is a way you will get to know the OP aka Big E and you will follow his trading journey when he started as a newbie in 2006.
Everyone starts a a newbie at some point in time. Nothing to be shy of. It is how long do you remain a newbie depends on you and how much you learn given the time you spend.
Everyone starts at Post#1 and slowly work their way through the thread up to the OP' last post#12,912.

Here is an Introduction to Trading Made Simple, the title of this thread has its meaning and anyone can achieve the same in his / her own time.

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
  • #133,869
  • Aug 24, 2022 5:09pm Aug 24, 2022 5:09pm
Quoting Tekkies
{quote} Don't get fooled by the size or the activity of this thread. Start with Post#1 and focus your attention only on one member: eelfranz Better knowed as> BigE Stop reading when you reach post#12912 Been trading for two months, maybe a short cut will suit you better > Post 125,343

LOL. @Tekkies

That's your good start of today... You just contradicted yourself.

Next time, make sure your brain is awake and fully engaged before you start typing on your computer keyboard.

Do you practice what you preach in this thread?

If you did, then you should follow Big E Post#336 and you will learn more fast ....

Have a nice day!

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #336.png Size: 17 KB



..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,870
  • Aug 24, 2022 5:34pm Aug 24, 2022 5:34pm
Quoting Wael226619
Hello, wish good day for I have try this strategy for along time but I have some questions 1-how I can locate my tp and sl 2-i was trade between 15.30 to 18 o'clock can i trade in another time in the day 3-what is the best pair for this strategy Thanks
hello @Waelss6619

three good questions.

I'll try help you with live market charts.

Q1-how I can locate my tp and sl
A. Basic Rule of Entry and Exits which I learn from my trading coach when I was a newbie. Every trade entry must have two exits (Stop Loss and Take Profit are both exits).
For True REVERSAL setup entry, you first Exit is the low of the reversal for BUY, and the high of the reversal for SELL. This is the maximum risk R for the trade setup.
With the maximum risk R known, you do your trade Position Size. Your trade TP can be anything in multiple of that R. Your final TP cannot be less than 1R. Your trade must always have the potential to run multiple Rs. This will ensure you have a winning system after 1,000 trades.

>>> trading chart examples will follow later, stay tuned and ask questions.


Q2-i was trade between 15.30 to 18 o'clock can i trade in another time in the day

A. Is that your local time or GMT?
You need have your own trading business hours which suit your lifestyle and also your fulltime job hours.
If you have a day job, you should consider trading the Daily chart as the OP Big E had advised ... read his Post#4752
If you are a day-trader on H1, then the London session is the better market session to trade.
If you are the 4H Swing trader type, then the market sessions during the Tokyo, London and US session are good to trade. Or you can simply follow Big E' Pacific time 10PM, 2AM and close all trades at 6AM ... his Post#1.


Q3-what is the best pair for this strategy
A. Start with the same 8 pairs like the OP.
With more experience, you can trade as many pairs as you possibly can manage on your own.
Below I have my 9 pairs - USD and JPY pairs in my market watchlist

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Aug25 25-8-2022 8-31-30 am.png Size: 22 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,871
  • Aug 24, 2022 5:40pm Aug 24, 2022 5:40pm
Quoting v2vboni
As always... This thread is still very much alive (probably eelfranz soul is lurking inside this thread) ; )─ As a newbie in trading back then, this thread helps. Although, I'm not able to grasp 100% of the abrupt end-result of eelfranz (R.I.P.) teachings herein. Still... I got valuable information and additional inspiration. Anyway, I just visit here from time to time as this thread is where it all begins for me... Nevertheless, my tool variation of TDI starts here that turned to TDZ, and then finally... a so-called dynamic...

hi @v2vboni

I see your software development is always progressive and now at an advanced level.

Always adapting to the dynamic market changes and moving forward.... that the progress onward and forward.

Never stop learning.

Best wishes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,872
  • Aug 24, 2022 5:53pm Aug 24, 2022 5:53pm
Quoting DrDave
{quote} He learned quite a lot from Jack Rabbit hasib.

Hey Folks

we learn all the time.

we learn from everyone.

just as we learn from our own past and present performance.... never stop learning.

I learn from @Fake'Dr' failed TDA with IMT system,

1) Do Not hold on to losing trades for 27 and 40 weeks.

Follow simple rules and Cut-Loss using Tymen' 2CLB rule.

2) If you hear voices in your head when you are trading, you better stop doing all things immediately and consult your trading coach.


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

3) Those voices in your head are not real. They are known as the little people and you have to learn to fight those little people.


Attached Image (click to enlarge)
Click to Enlarge Name: long screen time.png Size: 51 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,873
  • Aug 24, 2022 6:05pm Aug 24, 2022 6:05pm
Quoting emmanuel7788
{quote} Swing Highs / Swing Lows Price Action > when you can see these Price Action and have the CONFIDENCE to take trades, then you no longer need to use the Stochastics and TDI {image} Big E you can trade without the TDI #3044 Jan 20, 2011 #3103 Jan 26, 2011 #3418 Feb 12, 2011 #2617...

Swing Highs / Swing Lows Price Action

here are examples of CRAP TDI crosses up and down

study the price action above, observe how the TDI#25 reacts to each bar/candle close ,

you will see many of such crap - cross Up and cross Down when in sideways ranging market conditions,

we do not want to trade these sideways narrow range market

read Post#647, we trade the short-term and long term trends not sideways market,



Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD M5 crap TDI crosses 25-8-2022 7-16-31 am.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,874
  • Aug 24, 2022 6:14pm Aug 24, 2022 6:14pm
Quoting Tekkies
{quote} Ok, no problem. When one method does not give result's, you switch to a other method, only to jump to something else. ------- What are you going to use next, Vincent?

hey Folks

poor @Tekkies ... after more than 6 years here and still have not figure out what he is trading in this thread.

- got it wrong again. Its his usual style when he does not understand that Big E' 5-Method is not 5 methods. There is only one Method and it is know as the 5-Method as the OP explained in his old thread where his 5-Method started.

>> we do not switch from one method to another method.

>> we follow and use ONLY Big E ' 5-Method and adapt our trading plans to the Market Type conditions.

>> Trade only Market Types #1 Trending market and #2 Sideways Wide Range market ,

>> We avoid trading in the Market Type#3 - narrow range sideways market

>> when trading different Market Types , follow our own Trading System Strategy and we have our own Money Management strategy and have to manage our trading accounts.

>> the entry and exist rules are laid out in Big E posts here and in his old thread.

Trade Well and Trade Safe, ... know when to Cut-Loss Short and Let Profits Run...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,875
  • Aug 24, 2022 6:16pm Aug 24, 2022 6:16pm
Quoting emmanuel7788
{quote} Swing Highs / Swing Lows Price Action here are examples of CRAP TDI crosses up and down study the price action above, observe how the TDI#25 reacts to each bar/candle close , you will see many of such crap - cross Up and cross Down when in sideways ranging market conditions, we do not want to trade these sideways narrow range market read Post#647, we trade the short-term and long term trends not sideways market, {image}

we have a M15 True Reversal and now a price action bounce ...

the price action is a pull-back and a BUEOB setup

there are risks and you need to mitigate and manage the risks

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Aug25 M15 bounce 25-8-2022 9-15-12 am.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,876
  • Edited 6:37pm Aug 24, 2022 6:20pm | Edited 6:37pm
Quoting Wael226619
Hello, wish good day for I have try this strategy for along time but I have some questions 1-how I can locate my tp and sl 2-i was trade between 15.30 to 18 o'clock can i trade in another time in the day 3-what is the best pair for this strategy Thanks

1-how I can locate my tp and sl

Here is my live market chart example,

we have a M15 True Reversal and now a price action bounce ...

the price action is a pull-back and a BUEOB setup


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Aug25 M15 SL TP 25-8-2022 9-19-15 am.png Size: 27 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,877
  • Aug 24, 2022 6:41pm Aug 24, 2022 6:41pm
Quoting emmanuel7788
{quote} 1-how I can locate my tp and sl Here is my live market chart example, we have a M15 True Reversal and now a price action bounce ... the price action is a pull-back and a BUEOB setup {image} ...
Tokyo 10;37am UPDATE:

at the Close of this current active H1 bar/candle,

we may have a setup for BUY, what is the setup?

you know the risk looking to the far left where the 'resistance' are,

TIMING is important!

what is your TIMING?

If you do not know the top 10 things for a A+++ setup, then please do not trade TMS.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUDUSD Aug25 H1 TOK 1037am 25-8-2022 9-37-24 am.png Size: 39 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,878
  • Aug 24, 2022 6:47pm Aug 24, 2022 6:47pm
Quoting Tekkies
{quote} Don't get fooled by the size or the activity of this thread. Start with Post#1 and focus your attention only on one member: eelfranz Better knowed as> BigE Stop reading when you reach post#12912 Been trading for two months, maybe a short cut will suit you better > Post 125,343

Do Not waste your time with that post#125,343 by the charlatan fake trader using photoshop edited chart.

Learn price action in the James16 Chart thread.

Learn how to consistently read your charts - support and resistance and basic price action, etc.

https://www.forexfactory.com/thread/...5#post14110165

https://www.forexfactory.com/thread/...63#post8757963
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,879
  • Aug 24, 2022 6:52pm Aug 24, 2022 6:52pm
Quoting emmanuel7788
{quote} 1-how I can locate my tp and sl Here is my live market chart example, we have a M15 True Reversal and now a price action bounce ... the price action is a pull-back and a BUEOB setup {image}
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Aug25 M15 SL TP 25-8-2022 9-19-15 am.png Size: 27 KB


...

UPDATE:

- did you take profit 1R?

- will you regret this?

> TIMING???

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Aug25 M15 TP 1R 25-8-2022 9-50-43 am.png Size: 28 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,880
  • Aug 24, 2022 11:02pm Aug 24, 2022 11:02pm
sometimes we just need to zoom out and look farther to the left and see why price stalls ....

- there will be swing highs and swing lows in the timeframe we look at,

- when the swing highs/swing lows are of the higher timeframe, they are usually more significant

- if the swing highs/swing lows are CONFLUENCE of various timeframes swings, for example H1, H4 and Daily, then more attention to these levels is important

for example M15 below:

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Aug25 M15 Supp and Res 25-8-2022 1-56-33 pm.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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