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Trading Made Simple

  • #134,461
  • Sep 16, 2022 3:19am Sep 16, 2022 3:19am
Quoting Homamiadana
Hello I am new to this tread, I just want to ask if this method still work. If this question disturb you please forgive me, I am really a newbie and I dont mind if you corrrect me or my behavior. Thanks you very much!

hi @Homamiadana

You are new to this thread. Do you know how to trade?

Read this member @Tekkies' post

#76,129
<>
Hi marionetka
BigE have left a void behind that members need to full on their own.
Emmanuel filled that void and did it very good. Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all.

Members that have learned from BigE and emmanuel have moved on and left this forum. Most probable successful traders in own right.
Those old members are replace by new members that do not know how to trade.

Every couple of days / weeks the cycle repeat it self. So after many years the level of traders in this thread is still at the level of a new member.

The subject / topic's that emmanuel is posting now is advance forex trading.
How long did it take you to understand all the point's in post#647. I did not even looked at ME/ME for that level of trading is above me and the little I know.
Do I enjoy those post fighting with emmanuel about keeping it BigE's way. No I do not.

Anway, yes let us discuss #647 in a way the members new to this thread can understand


<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,462
  • Sep 16, 2022 3:24am Sep 16, 2022 3:24am
Quoting emmanuel7788
{quote} hi @Homamiadana You are new to this thread. Do you know how to trade? Read this member @Tekkies' post #76,129 <> Hi marionetka BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good. Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all. Members that have learned from BigE and emmanuel have moved on and left this forum. Most probable successful...
Thank you, I read those posts first..
  • #134,463
  • Sep 16, 2022 3:26am Sep 16, 2022 3:26am
Quoting emmanuel7788
GA Sep16 H1 Pacific 10PM 4hr candle - the 4hr Pacific candle looks good, but? - how to trade this big H4 candle? {image}

Attached Image (click to enlarge)
Click to Enlarge Name: GA Sep16 H1 4hr 10PM PDT 16-9-2022 2-17-31 pm.png Size: 53 KB

...

GA Sep16 H1 trade UPDATE:

- when you see a big H4 setup candle

- do not jump in following that big H4 candle ... its not the best entry price

- you can consider to use its APB price and get a retracement entry

- usually a 23% to 38% and 50% retracement is a good entry price within the APB candle body


Attached Image (click to enlarge)
Click to Enlarge Name: GA Sep16 H1 trade UPDATE 16-9-2022 4-20-52 pm.png Size: 32 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,464
  • Sep 16, 2022 3:29am Sep 16, 2022 3:29am
Quoting Homamiadana
{quote} Thank you, I read those posts first..

YES!

Read all the OP's posts first and make your own decision.

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 rule-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
  • #134,465
  • Sep 16, 2022 3:35am Sep 16, 2022 3:35am
Quoting emmanuel7788
{quote} YES! Read all the OP's posts first and make your own decision. 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...
I really appreciate all of this information, thank you VERY MUCH for your help...
  • #134,466
  • Sep 16, 2022 3:48am Sep 16, 2022 3:48am
Quoting emmanuel7788
{quote} GA Sep16 H1 trade UPDATE: - when you see a big H4 setup candle - do not jump in following that big H4 candle ... its not the best entry price - you can consider to use its APB price and get a retracement entry - usually a 23% to 38% and 50% retracement is a good entry price within the APB candle body {image} ... {image}

GU Sep16 H1 London Open TMS-II trade

- so far 2 positions TPs +15pips and +50 pips

- with 3rd position 100 pips on its way soon

Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep16 H1 LO trade 16-9-2022 4-46-02 pm.png Size: 29 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,467
  • Sep 16, 2022 4:03am Sep 16, 2022 4:03am
Quoting emmanuel7788
{quote} 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... Did you missed the Pacific 10pm 4hr opening candle? No worries, you still have the Frankfurt Open and London Open candles ... to trade and it is Friday.

4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific....

It is Pacific 2am 4hr candle time now,

do you have a trade plan for trading today?

I see a few setups good for H1 day trading and scalping until before New York open today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,468
  • Sep 16, 2022 4:18am Sep 16, 2022 4:18am
Quoting emmanuel7788
{quote} hey @DrDick I did exactly what you said: "Then search the thread for the posts of tommydoginti and read those. Tommy shows how to use the 5-method successfully with real trades." And I found these real photoshop-edited fake trades where @tommydoginti edited losing trades to look like winning trades. Examples: {image} {image} {image} .
You see what I mean, homamiadana? Vincent has posted that he has many illnesses, including mental illnesses, so no surprise that he makes a toxic reply like that. Really reinforces the facts that I presented, doesn't it?
To free Gazans of Hamas, use whatever it takes.
  • #134,469
  • Sep 16, 2022 4:24am Sep 16, 2022 4:24am
Quoting Homamiadana
{quote} So sir, You still using this method?
No, he doesn't use the method. You COULD waste your time and do a lot of reading to discover that fact for yourself, but I've given you a shortcut to the fact.

BigE said the TDI is the heart of the method, yet Vincent keeps saying to remove the TDI. LOL.

Vincent posts about so many other systems and so many other indicators and EAs (BigE said don't add anything and never talk about EAs here) that many people have made posts complaining about how far off from the 5-method he has gone, and why he doesn't open his own thread to discuss all of this off-topic material. But instead of doing the right and honorable thing, he just dumps more off-topic material and toxic material into the thread, making it nearly worthless for learning the 5-method. But it DOES make it a great thread for daily laughs!
To free Gazans of Hamas, use whatever it takes.
  • #134,470
  • Sep 16, 2022 7:26pm Sep 16, 2022 7:26pm
Quoting Fake'Dr'Dave
{quote} No, he doesn't use the method. You COULD waste your time and do a lot of reading to discover that fact for yourself, but I've given you a shortcut to the fact. BigE said the TDI is the heart of the method,
_______________________________________________________
The markets are speaking to you. Do you know their language? I M T {nonsense!}
hey Folks

we all know that DrDick lost money for more than 10 years since he started reading Big E' old thread. He jumped from thread to thread in Forex Factory looking for the Holy Grail indicator laced trading system and when he finally posted his TDA with IMT system, he also lost money. The reason why he lost money is very well known.

we all know and must accept that most retail forex traders will lose money.

Do you know that 99% of retail forex traders lose money?

Why 99% of retail traders lose money { here }

and hanover gave a long list why { here }

take note of No.7 and No.35

 

  1.  No proven methodological edge
  2.  Lack of knowledge and experience
  3.  No trading plan
  4.  Failure to accept losses (causes recovery systems, irrecoverable open losses, revenge trading)
  5.  Poor or non-existent risk management (i.e. focusing on return over everything else)
  6.  Making decisions based on P/L rather than market probabilities/behavior (focusing on the money, rather than the process)
  7.  Undercapitalization (causes greed, overtrading, overleveraging) -- [NOTE: according to many br0kers, this is the most common cause of failure]
  8.  Over-reliance on money management (including ideas like same-pair hedges, baskets, grids, averaging down recklessly, martingale variants)
  9.  Complacency: a lack of respect for the market
  10.  Laziness: trying to find a color-by-number shortcut to riches (i.e. make the most money in the shortest time with the least effort)
  11.  Adherence to "$250 to $100,000 in 6 months" type notions
  12.  Adherence to trading myths
  13.  Lack of discipline
  14.  Lack of patience
  15.  Lack of resilience (unable to bounce back after losses)
  16.  Lack of composure/nerve (afraid to "pull the trigger")
  17.  Lack of stamina (quit too quickly)
  18.  Lack of dedication (failure to put in the required number of hours of study)
  19.  Failure to understand the importance of statistical validity, and the nature of statistical fluctuation
  20.  Failure to keep a journal
  21.  Over-reliance on automated systems (EAs)
  22.  Over-reliance on technical analysis (using tools that "don't work")
  23.  Exiting too early (should take higher RR trades)
  24.  Exiting too late (should take lower RR trades)
  25.  Hindsight bias
  26.  Confirmation bias
  27.  Recency bias
  28. Apophenia
  29.  Curve fitting
  30.  Strategies that test profitably, but are not grounded in real market inefficiencies
  31.  Randomness of price movement
  32.  Letting outside noise affect your decision making
  33.  Underestimating the effect of br0ker costs
  34.  Underestimation of the amount of expertise that is required
  35.  TDA with IMT

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,471
  • Sep 16, 2022 7:31pm Sep 16, 2022 7:31pm
Quoting Fake'Dr'Dave
{quote} You see what I mean, homamiadana? Vincent has posted that he has many illnesses, including mental illnesses, so no surprise that he makes a toxic reply like that. Really reinforces the facts that I presented, doesn't it?

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

hey DrDick

we all know you hear voices in your head and you think the market speaking to you. IMT is nonsense!

IMT=Insane Mind Trader

that's okay. you suffer from schizophrenia therefore when you hear voices in your head and make you make such toxic post in this Big E thread it to get the attention you so badly wanted after your own thread TDA with IMT died.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,472
  • Sep 16, 2022 7:48pm Sep 16, 2022 7:48pm
Quoting Homamiadana
{quote} So sir, You still using this method?

@Homamiadana

"this method?"

you referring to Big E' 5-Method which we discuss in this thread, right?

Yes!. I develop several systems over the years using Big E' 5-Method as the core trading methodology.

According to Big E posts, you can trade his 5-Method without the TDI.

read his posts:

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011

Yes!. I develop several systems over the years using Big E' 5-Method as the core trading methodology.

my systems are Money Management based and to trade in different Market Types conditions:

1) TMS-II 2012
2) TMS MEME 2015 to 2017
3) TMS EVO 2018 to 2020
4) TMS MEME EVO 2020 to 2022
5) TMS EVO Advance 2.0 currently under live forward testing

TMS EVO system trading is basically the original 5-Method without the TDI
TMS EVO was tested live in 2018 for the first time and the results was quite good just trading one pair EURUSD

Trade Explorer was posted in this thread:
https://www.forexfactory.com/thread/...0#post11834080

2018
Attached Image (click to enlarge)
Click to Enlarge Name: VDM TMS EVO 2018 full year.png Size: 83 KB


2019
Attached Image (click to enlarge)
Click to Enlarge Name: VDM TMS EVO 2019 28-8-2022 7-43-17 pm.png Size: 99 KB


From these 2 years live forward testing with $10,000 I have now developed TMS MEME EVO to trade multiple forex pairs baskets and also market indices.

Stay Tuned for more !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,473
  • Sep 16, 2022 8:26pm Sep 16, 2022 8:26pm
Quoting Homamiadana
{quote} I mean a newbie to this method, I ve been trading forex for 2 years now using naked chart and other stuff but with no consistent profit, so I found this thread and I like simple trading method.
@Homamiadana

"I ve been trading forex for 2 years now using naked chart and other stuff but with no consistent profit, ..."

Since you have been trading naked chart for 2 years, you are well ahead of many traders here.
Big E traded the US stock market for 10 years and coincident that we both the same trading coach when we were both trading the US stock market. We traded on naked charts too but every trader being different we tend to add stuff on to naked charts.
Big E added the Stochastics and he made money everyday. (#296)
He then added Dean Malone' TDI as his helping indicator . (#202)
He loved testing, tweeking and looking for improvements ...etc.

But he knew he can trade without the Stochastics and TDI (#2617).

Therefore with your 2 years trading naked chart, you can easily continue and do what he did in his post#2617 and you do not need to spend another 2 years to learn basic price action trading no need for any helping indicator.

To achieve consistent profit, you need a Blueprint for Trading Success. Do you have one written down?

....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,474
  • Sep 16, 2022 8:37pm Sep 16, 2022 8:37pm
PM Q&A

hey Folks

I get many PMs asking for EA setfiles.

Sorry, I just I don't time to provide generic setfiles for all 28 pairs via PM.

We need to focus here and learn how to trade systems using Big E' 5-Method.

You need to post the currency pair you want to trade and I will provide you my Weekly Top Down Analysis and the Market Type conditions. Then I will share my trade plan to trade a system strategy using 5-Method which I will trade live.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,475
  • Sep 17, 2022 7:38am Sep 17, 2022 7:38am
[quote=emmanuel7788;14139938]{quote} YES! Read all the OP's posts first and make your own decision. 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,

BRILLIANT.
  • #134,476
  • Sep 18, 2022 6:57pm Sep 18, 2022 6:57pm
Quoting letuak
Quoting emmanuel7788
{quote} YES! Read all the OP's posts first and make your own decision. 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
...


Welcome to Trading Made Simple the trading journey of the OP eelfranz aka Big E.

When you finally put together all the pieces of his puzzle you will start to make money.

Do Not stop at the 463 posts in this thread, you have to follow his post instructions as in his last #12,912.

In between #1 and #12,912 are many pieces of his golden nuggets, #2617 is just one of the golden nuggets.

You want to learn faster, then #1258 is also important.

And to learn more fast, his #336 will take you to where it started.

Last but not least, his #296.

I have completed my journey with Big E and I have started my very important transformation in March 2011.

You too need to start your transformation journey.


Attached Image (click to enlarge)
Click to Enlarge Name: book cover Trading Beyond the Matrix.png Size: 97 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,477
  • Sep 18, 2022 7:12pm Sep 18, 2022 7:12pm
Quoting eelfranz
How about it gang... How about posting good trades as you find them and explain why you would have taken it... You'll learn much faster... or post Bad Trades and why they are bad... this will help you... time frame or pair doesn't matter...
UJ Sep19 H1 Tokyo 9am local

- look at the Daily, its not trending, the Daily candles are small and not making any HH HL or LL LH,...

- best decision is to WAIT!

- Price Action daily is Double Inside Bar, its an opportunity for trading later,

- with the Daily candles OHLC, you have support&resistance, look at the CONFLUENCE of other support&resistance,...


Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep19 H1 TOK0907am 19-9-2022 8-07-24 am.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,478
  • Sep 18, 2022 7:14pm Sep 18, 2022 7:14pm
Quoting emmanuel7788
{quote} UJ Sep19 H1 Tokyo 9am local - look at the Daily, its not trending, the Daily candles are small and not making any HH HL or LL LH,... - best decision is to WAIT! - Price Action daily is Double Inside Bar, its an opportunity for trading later, - with the Daily candles OHLC, you have support&resistance, look at the CONFLUENCE of other support&resistance,... {image}
With the Daily view,

Now we can follow #281 another piece of his golden nuggets.

Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,479
  • Sep 18, 2022 7:19pm Sep 18, 2022 7:19pm
Quoting emmanuel7788
{quote} With the Daily view, Now we can follow #281 another piece of his golden nuggets. {quote}

UJ Sep19 Weekly chart

- we have a Weekly Control Candle High-Low

- this is just one of several different ways to see the Market Type Conditions without any use of technical indicators.

- what is the range of the WCC High-Low?




Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep19 Weeky WCC 19-9-2022 8-16-34 am.png Size: 12 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,480
  • Sep 18, 2022 7:21pm Sep 18, 2022 7:21pm
PM Q&As

- many PMs over the past week and on weekend

- I'll try post some charts examples to help answer some of the most frequently asked questions here

stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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