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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

  • #135,761
  • Nov 7, 2022 7:08am Nov 7, 2022 7:08am
Trade at b/e+
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the cautious seldom err....C
  • #135,762
  • Nov 7, 2022 7:23am Nov 7, 2022 7:23am
Quoting DrDave
{quote} You can't understand English?? I never said that H4 was ready to fall. I even said the H1 was the CRITICAL TF for deciding which way to go. I included the win rate and other crap because YOU said, "just a lucky trade", and I offer some statistics that perhaps indicate there is more than mere luck at play here. Likely that with YOUR system such a sell would be "just a lucky trade". But I rely on neither luck nor Hope&Pray, but on a system that has extremely high probability of entry in the direction that price will quickly travel to TP and...
I reckon you don't understand English. I said H4 was not showing a sell, moreover I mentioned live trades or TE..what's the point of looking at a TE that's years ago. I guess you don't understand the word "live" trades. Anyway, it's clear to see you are one of those who cannot agree to disagree and there's no point in any discussion further. It's better you put me on ignore as I will do that now
the cautious seldom err....C
  • #135,763
  • Nov 7, 2022 8:25am Nov 7, 2022 8:25am
Quoting pips29
Trade at b/e+ {image}
stop moved to +45
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the cautious seldom err....C
  • #135,764
  • Nov 7, 2022 9:45am Nov 7, 2022 9:45am
Quoting pips29
{quote} I reckon you don't understand English. I said H4 was not showing a sell, moreover I mentioned live trades or TE..what's the point of looking at a TE that's years ago. I guess you don't understand the word "live" trades. Anyway, it's clear to see you are one of those who cannot agree to disagree and there's no point in any discussion further. It's better you put me on ignore as I will do that now
I said H4 was not showing a sell,
I never mentioned H4 in my analysis, because it was not relevant for the sell setup. And when I replied, I simply used "fall" in place of "sell", considiering that if you intend to sell a specified TF, that TF will be falling. So it makes for more uncertainty in your ability to understand English.

As I said I already have done the route of having a RUNNING TE for a year; anyone that cared to check it could see "live" trades within the window of whatever lag there is to get it displayed in the TE. But why bother when there are members like the TheToxicFakeTrader Vincent that claims it's all fake and/or photoshopped.

And there is no matter of agree/disagree: It is a matter of you interjecting the H4 that was not relevant for my analysis.
To free Gazans of Hamas, use whatever it takes.
  • #135,765
  • Nov 7, 2022 10:47am Nov 7, 2022 10:47am
Who is the best guru???
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Vote for TDI
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  • #135,766
  • Nov 7, 2022 11:12am Nov 7, 2022 11:12am
Quoting pips29
re-entered long {image}
just a simple trade
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the cautious seldom err....C
  • #135,767
  • Nov 7, 2022 11:14am Nov 7, 2022 11:14am
a simple trade
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the cautious seldom err....C
  • #135,768
  • Nov 7, 2022 2:28pm Nov 7, 2022 2:28pm
Quoting pips29
a simple trade {image}
I have switched to normal candles in order to show where/when the trade was taken
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the cautious seldom err....C
  • #135,769
  • Nov 7, 2022 2:35pm Nov 7, 2022 2:35pm
Quoting pips29
a simple trade {image}
it would be a miracle if my target is hit today
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the cautious seldom err....C
  • #135,770
  • Nov 7, 2022 4:53pm Nov 7, 2022 4:53pm
hello guys.... just bumped with this strategy that seems simple but powerful and kindly ask somebody patient enough to reply the following doubts:

1-) entries will be when TDI green line crosses the red line in the direction the green line crosses it ?

2-) SL is above or below the High or Low of the previous 3 to 4 candles from the candle of the entry?

3-) A reasonable TP would be around...?

4-) Best TF to use this strategy?

5-) Why there's also a stocastic indi and what should be pound from it when deciding to take or not a trade?

Thank u all guys in advance and good rain of green pips to all of you
  • #135,771
  • Nov 7, 2022 4:59pm Nov 7, 2022 4:59pm
Quoting malvin1975
hello guys.... just bumped with this strategy that seems simple but powerful and kindly ask somebody patient enough to reply the following doubts: 1-) entries will be when TDI green line crosses the red line in the direction the green line crosses it ? 2-) SL is above or below the High or Low of the previous 3 to 4 candles from the candle of the entry? 3-) A reasonable TP would be around...? 4-) Best TF to use this strategy? 5-) Why there's also a stocastic indi and what should be pound from it when deciding to take or not a trade? Thank u all guys...
hi @malvin1975

Since you are new to this thread, spend some time with these below and find the answers to all your questions.
It is very important that you read every of the OP's posts in Forex Factory and try solve the his puzzle. Most traders here have not solved Big E' Trading Made Simple puzzle.

===================================================================================================
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
  • #135,772
  • Nov 7, 2022 5:03pm Nov 7, 2022 5:03pm
Quoting pips29
{quote} I have switched to normal candles in order to show where/when the trade was taken {image}
quite clearly seen is the 5EMA Typical Price,Shift+2 or +3 ... is current direction Post#261

- sell below 5EMA

- buy above 5EMA
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,773
  • Nov 7, 2022 5:07pm Nov 7, 2022 5:07pm
Quoting emmanuel7788
{quote} EU Nov07 H4 {image}

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easy day for some senior traders blending old systems

all 3 targets hit
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,774
  • Nov 7, 2022 5:17pm Nov 7, 2022 5:17pm
Quoting emmanuel7788
{quote} quite clearly seen is the 5EMA Typical Price,Shift+2 or +3 ... is current direction Post#261 - sell below 5EMA - buy above 5EMA
It can't get any simple. I just don't understand why some traders want to complicate things
the cautious seldom err....C
  • #135,775
  • Nov 7, 2022 5:24pm Nov 7, 2022 5:24pm
If a trader understand this picture he won't be claiming about reversal happening at the ltf ..price doesn't move in a straight line and a small retracement on a ltf will often show up before rejoining the htf trend, how can one say it's a reversal when this happens and claims to understand mtf analysis, my mind boogles
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the cautious seldom err....C
  • #135,776
  • Nov 7, 2022 5:26pm Nov 7, 2022 5:26pm
Quoting emmanuel7788
{quote} easy day for some senior traders blending old systems all 3 targets hit {image} {image}
you might want to look for a 4th,5th and 6th target
the cautious seldom err....C
  • #135,777
  • Nov 7, 2022 5:35pm Nov 7, 2022 5:35pm
Quoting pips29
{quote} It can't get any simple. I just don't understand why some traders want to complicate things

EU Nov 07 H1 trades closed

- I stripped the Stoch and TDI >>> #2617

- I just have to check my H4 and D1 candles when I am trading

- eyeball the 5LWMA/5EMA and the HA candles

- the rest is risk management

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,778
  • Nov 7, 2022 5:39pm Nov 7, 2022 5:39pm
more trades closed Nov 07 H1 day-trading

AU H1 trades closed

- there was no 'early bird' because it was a Monday and post-NFP weekend gap

- but there are other setups - SYD_2H and TOK_5H setups


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GU Nov 07

- only take TMS-II trades during the London session


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,779
  • Nov 7, 2022 5:52pm Nov 7, 2022 5:52pm
what is 'early bird' trade?

- study this chart and take notes of the price action

- note the recent swing high to the left

- note the BRN 95.00

- note the rally during the NY afternoon session after London closed

- do you see the usual Fear and Greed?


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,780
  • Nov 7, 2022 5:59pm Nov 7, 2022 5:59pm
AJ Nov 08 H4 bar(0)

- if you trade the 4H and Daily,

- you have to wait 2h 3 min

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