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Trading Made Simple

  • #133,921
  • Aug 25, 2022 7:56pm Aug 25, 2022 7:56pm
Quoting hasib
Some one pm me how I trade. Here is an example. I use 200 ema. 8 Ema and price structure. Trade Daily and H4 chart. I use other indicators too. But nothing batter than price. Indicator comes and go but price structure remains. Daily chart is the best chart. I Stop using TDI, HA. It helps me a lot. I can see price. Weekly and monthly candle open close and high low is important information for me. https://youtu.be/pSog5mibYWE

"Daily chart is the best chart. I Stop using TDI, HA. It helps me a lot. I can see price. Weekly and monthly candle open close and high low is important information for me"

That's the same for me too except I still use the HA candle information for TMS MEME and TMS EVO.

For me it is top down analysis - Monthly, Weekly and Daily.

the 4hr is important as time interval to optimize entries and exits,

I stop using m15, and now use the m5 for smart add-on entries in my trade automation.

10/50/200EMAs are for dynamic support & resistance but to check for CONFLUENCE with other Supp/Res tools.

5EMA, Typical Price, Shift+2 is an important MA for TMS 5-Method since we need a direction bias.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,922
  • Aug 25, 2022 8:03pm Aug 25, 2022 8:03pm
Quoting Tekkies
{quote} ... An empty chart where an indicator (maybe an Fibo indicator?????) show something about Buy entry / Stop Loss. {image} > a Trade with > No entry point, > No exit point. ....
@Tekkies

There is no Fibo indicator in my posts and charts.

Now go back to the start of my posts on XAUUSD and follow each post with an open mind.

My charts were like these below.

Note the GMT time on the charts.

This first chart shows the Price Action setup at the Close of the bar/candle.


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Aug25 M15 bounce 25-8-2022 9-15-12 am.png Size: 26 KB


This second chart shows the Entry and the SL and TP levels to answer the member Wael226619 post#133,866 on SL and TP.
https://www.forexfactory.com/thread/...9#post14112369

There is no Fibo indicator here. You got it WRONG AGAIN.

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
  • #133,923
  • Aug 25, 2022 8:20pm Aug 25, 2022 8:20pm
Quoting emmanuel7788
{quote} August 23, 2022 UPDATE: Its only day2 this week 34, still the same : I am more in favour of buying USD this week. ... buy USDCAD, USDCHF and sell AUDUSD and GBPUSD. as for EURAUD, I have open sell positions, and GBPNZD, I have open buy positions from the previous week. EURGBP is buy only for the 4th consecutive week. Do Not "put all eggs in one basket" Big E' #7555

August 26, 2022 UPDATE: Tokyo 10am

Its day 5 this week 34,

still the same pairs with open trades:

- buy USDCAD and sell AUDUSD and GBPUSD.

- sell EURAUD and EURJPY

- buy EURGBP and GBPNZD

Do Not "put all eggs in one basket" Big E' #7555

> divide my trading account deposit into portions and allocate each portion to trade each pair according to its Market Type #1 and #2 conditions.

> note there are no changes to the setfiles I shared this week. we review at he end of today after London Close and I'll update you here or the others via PM.

> I read a few PMs with concern holding open positions over this weekend because of the Jackson Hole Symposium. If this is stressful then close all trades baskets, accept the P&L and enjoy the weekend without any stress.

> I will hold my open baskets with locked-in profits for this current 20-trading-days cycle 20TDC. No stress for me as I am prepared to give back only 50% of what the market gave me. Then I am into the next 20TDC starting Monday Aug29..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,924
  • Aug 26, 2022 4:35am Aug 26, 2022 4:35am
Along comes TDI with BigE's advice.
buy USDCAD sell GBPUSD sell EURJPY buy GBPNZD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 42 KB

sell AUDUSD sell EURAUD buy EURGBP

Say Vincent, when are you going to admit that you use TDI green cross red to trade with?

You better close AUDUSD, EURAUD, EURJPY
  • #133,925
  • Aug 26, 2022 5:21am Aug 26, 2022 5:21am
Quoting Tekkies
Along comes TDI with BigE's advice. buy USDCAD sell GBPUSD sell EURJPY buy GBPNZD {image} sell AUDUSD sell EURAUD buy EURGBP Say Vincent, when are you going to admit that you use TDI green cross red to trade with? You better close AUDUSD, EURAUD, EURJPY

@Tekkies

You are really too stupid to understand Big E's Post #2617 and what this picture below means.

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


After more than 6 years posting garbage in this thread you definitely need to go back and start all over again at babypips.com.

"Along comes TDI with BigE's advice. " will lead you and your TMS M15 to another bloody RED Trade Explorer.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Overview Aug26 26-8-2022 5-56-07 pm.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,926
  • Aug 26, 2022 6:49am Aug 26, 2022 6:49am
Quoting emmanuel7788
{quote} @Tekkies You are really too stupid to understand Big E's Post #2617 and what this picture below means. {image} After more than 6 years posting garbage in this thread you definitely need to go back and start all over again at babypips.com. "Along comes TDI with BigE's advice. " will lead you and your TMS M15 to another bloody RED Trade Explorer. {image}
Do you really understand Big E's Post #2617

Based on what you have posted in Post 133,921
- I still use the HA candle information
- 10/50/200EMAs are for dynamic support & resistance but to check for CONFLUENCE with other Supp/Res tools.
- 5EMA, Typical Price, Shift+2 is an important MA for TMS 5-Method since we need a direction bias

You have no clue what so ever the meaning of this sentence:
Post 2,617: .....It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's.

- Why are there indicators on your chart?
- Why do you still use indicators?

Once more you manage to contradict yourself.
Stop posting bullshit Vincent.
  • #133,927
  • Aug 26, 2022 8:38am Aug 26, 2022 8:38am
Quoting Tekkies
{quote} Do you really understand Big E's Post #2617 Based on what you have posted in Post 133,921 - I still use the HA candle information - 10/50/200EMAs are for dynamic support & resistance but to check for CONFLUENCE with other Supp/Res tools. - 5EMA, Typical Price, Shift+2 is an important MA for TMS 5-Method since we need a direction bias You have no clue what so ever the meaning of this sentence:...
All of that is part of what he learned from JackRabbit--hop from one thing to another, never staying long with one thing, trying desperately to find something that can get him out of his FailurePit.

The poor loser already posted that he LEARNS his mistakes but does not learn FROM his mistakes, so he hops around repeating those mistakes that he learned. And he still continues to wonder why he drops further and further down in his FailurePit.
To free Gazans of Hamas, use whatever it takes.
  • #133,928
  • Aug 26, 2022 2:56pm Aug 26, 2022 2:56pm
Quoting Tekkies
{quote} Do you really understand Big E's Post #2617 Based on what you have posted in Post 133,921 - I still use the HA candle information - 10/50/200EMAs are for dynamic support & resistance but to check for CONFLUENCE with other Supp/Res tools. - 5EMA, Typical Price, Shift+2 is an important MA for TMS 5-Method since we need a direction bias You have no clue what so ever the meaning of this sentence:...

Quoting Davit’s posts on stupidity

-motives or pure stupidity number of idiots in this business is staggering.

-That's the stupidity of it criticizing something you are clueless about.

-perhaps even plain stupidity how else to accuse anyone without slightest evidence!

-level of stupidity is staggering

-The stupidity I read here daily is amazing to me!

-have the audacity and stupidity to question me!

-just can't understand stupidity of these people!

-staggering stupidity that I can't even comprehend

-Wow stupidity has no limits
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,929
  • Aug 26, 2022 2:58pm Aug 26, 2022 2:58pm
Quoting Fake'Dr'Dave
{quote} All of that is part of what he learned from JackRabbit--hop from one thing to another, never staying long with one thing, trying desperately to find something that can get him out of his FailurePit. The poor loser already posted that he LEARNS his mistakes but does not learn FROM his mistakes, so he hops around repeating those mistakes that he learned. And he still continues to wonder why he drops further and further down in his FailurePit.
The Failure Pit of TDA with IMT by @Fake'Dr'Dave

Attached Image (click to enlarge)
Click to Enlarge Name: IMT Failure Pit.png Size: 185 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,930
  • Aug 26, 2022 3:04pm Aug 26, 2022 3:04pm
Quoting emmanuel7788
{quote} August 26, 2022 UPDATE: Tokyo 10am Its day 5 this week 34, still the same pairs with open trades: - buy USDCAD and sell AUDUSD and GBPUSD. - sell EURAUD and EURJPY - buy EURGBP and GBPNZD Do Not "put all eggs in one basket" Big E' #7555 > divide my trading account deposit into portions and allocate each portion to trade each pair according to its Market Type #1 and #2 conditions. > note there are no changes to the setfiles I shared this week. we review at he end of...
August 26, 2022 UPDATE: New York 4PM

- buy USDCAD and sell AUDUSD and GBPUSD.

- sell EURAUD and EURJPY

- buy EURGBP and GBPNZD

Do Not "put all eggs in one basket" Big E' #7555

CLOSE ALL baskets and positions in Profit now!

Christmas come early this year.

Thanks to Jerome Powell.

Another good trading day to end this week ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,931
  • Aug 26, 2022 3:15pm Aug 26, 2022 3:15pm
Quoting emmanuel7788
{quote} August 26, 2022 UPDATE: Tokyo 10am Its day 5 this week 34, still the same pairs with open trades: - buy USDCAD and sell AUDUSD and GBPUSD. - sell EURAUD and EURJPY - buy EURGBP and GBPNZD Do Not "put all eggs in one basket" Big E' #7555 > divide my trading account deposit into portions and allocate each portion to trade each pair according to its Market Type #1 and #2 conditions. > note there are no changes to the setfiles I shared this week. we review at he end of...

Week 34:

- buy USDCAD and sell AUDUSD and GBPUSD.

- sell EURAUD and EURJPY

- buy EURGBP and GBPNZD

> a big picture is worth one thousand words

Attached Image (click to enlarge)
Click to Enlarge Name: TMS EVO Weekly charts 27-8-2022 4-12-04 am.png Size: 52 KB


stay tuned for Week 35 and .....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,932
  • Aug 26, 2022 3:37pm Aug 26, 2022 3:37pm
Quoting Tekkies
{quote} Do you really understand Big E's Post #2617 Based on what you have posted in Post 133,921 - I still use the HA candle information - 10/50/200EMAs are for dynamic support & resistance but to check for CONFLUENCE with other Supp/Res tools. - 5EMA, Typical Price, Shift+2 is an important MA for TMS 5-Method since we need a direction bias You have no clue what so ever the meaning of this sentence:...

@Tekkies

here, follow Post#1, Post#261 and Post$647 ... and sell XAUUSD

look at the PA and the crappy TDI ... 'bounce' several times,

before you use your stupidity on the word 'nothing'


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD H4 Aug26 before NYClose 27-8-2022 4-31-38 am.png Size: 15 KB

remember to use initial SL and Position Sizing

you can again hold this H4 sell for more 31 hours like your last trade!


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE M15 trade 31 hours 25-8-2022 9-09-27 pm.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,933
  • Aug 26, 2022 4:12pm Aug 26, 2022 4:12pm
Quoting emmanuel7788
{quote} @Tekkies here, follow Post#1, Post#261 and Post$647 ... and sell XAUUSD look at the PA and the crappy TDI ... 'bounce' several times, before you use your stupidity on the word 'nothing' {image} remember to use initial SL and Position Sizing you can again hold this H4 sell for more 31 hours like your last trade! {image}
XAUUSD Aug26 Sell ....

New York session just closed.

There is nothing you can do now.

The swing high is not confirm until we see another bar/candle with lower high.

But we have a Phx62' PCRF

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Aug26 Sell before NYClose 5pm 27-8-2022 5-03-40 am.png Size: 8 KB


Since New York Closed, we can review and update our Weekly Top Down Analysis WTDA and know the up-to-date Big Picture.

Next we prepare our trade plan for next week Aug 29 to Sep 02 (Week 35). It will be a short weekly candle since it is Month-End and we are 'shadow trading'.

Stay Tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,934
  • Edited 7:32pm Aug 26, 2022 7:20pm | Edited 7:32pm
Quoting eelfranz
.
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...

The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
#261

"5 ema... shows direction currently... only wanting to enter on candle 1 or two."

Since 5EMA shows direction ...

WHAT YOU CAN DO WITH MOVING AVERAGES

> weekend study <

https://www.mql5.com/en/articles/104...ce=mt4terminal
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,935
  • Aug 26, 2022 7:50pm Aug 26, 2022 7:50pm
Quoting emmanuel7788
{quote} #261 "5 ema... shows direction currently... only wanting to enter on candle 1 or two." Since 5EMA shows direction ... WHAT YOU CAN DO WITH MOVING AVERAGES > weekend study < https://www.mql5.com/en/articles/104...ce=mt4terminal
what is the 5EMA direction shown when New York 5pm candle closed?

Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 Aug26 NYC.png Size: 21 KB

> do you see the Price Action? what is that Price Action

> do you see a 5bars-swing-high completion?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,936
  • Aug 26, 2022 7:59pm Aug 26, 2022 7:59pm
Quoting emmanuel7788
{quote} #261 "5 ema... shows direction currently... only wanting to enter on candle 1 or two." Since 5EMA shows direction ... WHAT YOU CAN DO WITH MOVING AVERAGES > weekend study < https://www.mql5.com/en/articles/104...ce=mt4terminal

Can a Moving Average predicts the market?

Try this next week!

It's new and Big E did not have this predictive EMA5 in 2010.

The Predictive Moving Average - indicator for MetaTrader 5

https://www.mql5.com/en/code/40064
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,937
  • Aug 27, 2022 1:30am Aug 27, 2022 1:30am
Quoting emmanuel7788
{quote} what is the 5EMA direction shown when New York 5pm candle closed? {image} > do you see the Price Action? what is that Price Action > do you see a 5bars-swing-high completion?
what is the 5EMA direction shown when New York 5pm candle closed?

Wow, Vincent, it's good to see that you decided to go back to the basics of the 5-method and try again to figure it out!! But you've jumped the gun: First you need to follow post #1, especially this:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
So, after you complete reading the entire thread over the next few weeks, then you can come back with your (hundreds of) questions.
To free Gazans of Hamas, use whatever it takes.
  • #133,938
  • Edited 1:53am Aug 27, 2022 1:33am | Edited 1:53am
Quoting emmanuel7788
{quote} Can a Moving Average predicts the market? Try this next week! It's new and Big E did not have this predictive EMA5 in 2010. The Predictive Moving Average - indicator for MetaTrader 5 https://www.mql5.com/en/code/40064
Can a Moving Average predicts the market?
Hold those questions until you finish reading the entire thread. Maybe you didn't catch what BigE wrote in post #1?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB


It's new and Big E did not have this predictive EMA5 in 2010.

DUH!! But that is irrelevant because he started the TMS thread in 2011. Again, read the entire thread before you ask questions and make stupid remarks.

It's clear why you haven't been able to figure out the 5-method, even after 10 years of struggling with it.
To free Gazans of Hamas, use whatever it takes.
  • #133,939
  • Aug 27, 2022 2:49am Aug 27, 2022 2:49am
Quoting Fake'Dr'Dave
{quote} what is the 5EMA direction shown when New York 5pm candle closed? Wow, Vincent, it's good to see that you decided to go back to the basics of the 5-method and try again to figure it out!! But you've jumped the gun: First you need to follow post #1, especially this: {image}So, after you complete reading the entire thread over the next few weeks, then you can come back with your (hundreds of) questions.

The markets are speaking to you. Do you know their language? I M T {{{{ nonsense}}}

hey @Fake'Dr' aka @DrDick given by @robots4me ... click { @DrDick }

As we all expected you suffered another losing week and will post your frustrations in this thread. You should have cut losses short before Jerome Powel made his opening speech last night.

Yes, the 5EMA is to show the direction. I post this to trigger that voice in your head.

You did not follow this simple rule in your TDA with IMT failed system.

When the price is above the 5EMA, you must cut loss and no hold to 2 losing trades for 27 weeks and 40 weeks.

This is where you got it all wrong when you keep listening to the voices in your head.

Staring next week, there is no need to further trading and lose more money to TMS traders here. You need to decide to send your failed system TDA with IMT to the Recycle Bin { here }

Now study the Weekly price action of your two GU sell trades. Can you see when the price became bullish and the 5EMA would have also changes it direction.


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


...
The markets cannot be speaking to you. There is no such nonsense as IMT is the markets language.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,940
  • Aug 27, 2022 2:54am Aug 27, 2022 2:54am
[quote=Fake'Dr'Dave;14115578]{quote} Can a Moving Average predicts the market? Hold those questions until you finish reading the entire thread. Maybe you didn't catch what BigE wrote in post #1? {image} It's new and Big E did not have this predictive EMA5 in 2010. DUH!! But that is irrelevant because he started the TMS thread in 2011. Again, read the entire thread before you ask questions and make stupid remarks. It's clear why you haven't been able to figure out the 5-method, even after 10 years of struggling with it.
...

...
The markets are speaking to you. Do you know their language? I M T {{{ nonsense }}}


quote]

hey @Fake'Dr' aka @DrDick given by @robots4me ... click { @DrDick }

Of course I read the entire thread and also Big E' old thread.

Here is my 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
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