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Trading Made Simple

  • #137,841
  • Feb 6, 2023 6:27pm Feb 6, 2023 6:27pm
Quoting Setiyaka
{quote} thanks emmanuel for the answer
You are welcome.
I think you are not new to trading but to follow this introduction will help you get a complete picture of the OP' trading journey. Learn everything from him.

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
  • #137,842
  • Feb 6, 2023 6:31pm Feb 6, 2023 6:31pm
Quoting Setiyaka
{image} {image} I will wait H4 candle finish developing and cross MA for signal reverse trend before entry. CMIIW
You are not following Post#261 the 5-Method Basic template.

The Stoch(8,3,3) is important to pick the reversal setup.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,843
  • Feb 6, 2023 6:34pm Feb 6, 2023 6:34pm
Quoting emmanuel7788
{quote} hey @Tekkies those type of videos explain your jealousy, anger and hatred are all your emotional disabilities. now try again that today EU Weekly chart below UPDATE 11am London local time, study Big E Post#1967 again, pay attention to what he wrote and take notes. {image} ... {image}
EU Feb07 Weekly update:

- with 4 days to the weekly close

- anything can happen during the 4 days



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,844
  • Feb 6, 2023 6:40pm Feb 6, 2023 6:40pm
Quoting emmanuel7788
{quote} You are welcome. I think you are not new to trading but to follow this introduction will help you get a complete picture of the OP' trading journey. Learn everything from him. 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...
Again, Thank You very much emmanuel.
  • #137,845
  • Feb 6, 2023 6:46pm Feb 6, 2023 6:46pm
Quoting tommydoginti
{quote} {image}{image}
LOL @tommydog... aka @FakeTMS Trader

With so many fake trades charts you created using photoshop editing tool no wonder you will take years to become profitable.
You only started trading in Oct 2020 less than 3 years ... you need to keep working on your mental skills

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,846
  • Feb 6, 2023 7:11pm Feb 6, 2023 7:11pm
Quoting Tekkies
{quote} Where is your Trade Report for today? Where is your visible live forexfactory Trade Explorer with start date Jan 2022?
@Tekkies

My TMS EVO_2023 Trade Report for Jan closed is here :
#137,789
https://www.forexfactory.com/thread/...8#post14313368

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For Feb 2023 month closing you must learn to be patient .

We know you 2022 was another major disaster with that 1176 trades losses.
My 2022 was a very good year because of the war I had many 5R trades in March, April, May ...

Do you want to see my FXBlue statement?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,847
  • Feb 6, 2023 7:35pm Feb 6, 2023 7:35pm
Why do members post their assumptions as facts?

Example > The Stoch(8,3,3) is important to pick the reversal setup,
( Bullshit, Vincent.)
Post#261 clearly state > Stochs is nothing but confirmation.

Also
Post#1 > I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.
Post#647 > Does Stoch's confirm the TDI signal
Post#701 > TDI looks good with Stochs confirming...
Post#769 > I look at everything... last hi/lo, last reversal strength, candle size, is Stochs confirming, is it candle 1 or 2... everything...
>> TDI gives me the signal..
>>>> it's my job to check out the rest...

Once more > Always check the #1- Price Action first, then #2- TDI Post#3142 < is wrong, based on what BigE has posted in this thread.
Post#2 > Note on the TDI showing your entry set ups...
Post#6 > We Enter a trade when green crosses red on the TDI at the beginning of that candle
Post#119 > On this method the TDI is King. All trades are signaled by it as well as exits... does that keep it simple.
Post#769 > TDI gives me the signal..

Stay with what BigE has posted in this thread.
  • #137,848
  • Feb 6, 2023 7:42pm Feb 6, 2023 7:42pm
Quoting Tekkies
Why do members post their assumptions as facts? Example > The Stoch(8,3,3) is important to pick the reversal setup, ( Bullshit, Vincent.) Post#261 clearly state > Stochs is nothing but confirmation. Also Post#1 > I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else. Post#647 > Does Stoch's confirm the TDI signal Post#701 > TDI looks good with Stochs confirming... Post#769 > I look at everything... last hi/lo, last reversal strength, candle size, is Stochs confirming, is it candle 1 or 2... everything......
@Tekkies

Once again it is your poor reading skills. Your selective reading is one of your main cause for many years of Margin Call.

Post a 4H chart and I will explain to you again how to use the Stoch(8,3,3) for the best setups.

I posted this many times by you still cannot accept the fact that the TDI#25 is lagging when there is a True REVERSAL

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,849
  • Feb 6, 2023 7:51pm Feb 6, 2023 7:51pm
Quoting Tekkies
Why do members post their assumptions as facts? Example > The Stoch(8,3,3) is important to pick the reversal setup, ( Bullshit, Vincent.) Post#261 clearly state > Stochs is nothing but confirmation. Also Post#1 > I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else. Post#647 > Does Stoch's confirm the TDI signal Post#701 > TDI looks good with Stochs confirming... Post#769 > I look at everything... last hi/lo, last reversal strength, candle size, is Stochs confirming, is it candle 1 or 2... everything......
@Tekkies

here is a live chart example:

there will not be any buy trade when this 4H candle closes.

AU Feb07 4H Tokyo 1049am

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,850
  • Feb 6, 2023 7:55pm Feb 6, 2023 7:55pm
Quoting Tekkies
Why do members post their assumptions as facts? Example > The Stoch(8,3,3) is important to pick the reversal setup, ( Bullshit, Vincent.) Post#261 clearly state > Stochs is nothing but confirmation. Also Post#1 > I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else. Post#647 > Does Stoch's confirm the TDI signal Post#701 > TDI looks good with Stochs confirming... Post#769 > I look at everything... last hi/lo, last reversal strength, candle size, is Stochs confirming, is it candle 1 or 2... everything......
@Tekkies

another of my cherry pick pair

there will not be any trade now until .....

UCad Feb07 4H

* do not trade the TDI cross blindly the way you did for more than 5 years!

5 years and many margin call accounts is evident of your poor trading skills



Attached Image (click to enlarge)
Click to Enlarge Name: UCad Feb07 4H Tokyto 1052am 7-2-2023 9-52-14 am.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,851
  • Feb 6, 2023 9:06pm Feb 6, 2023 9:06pm
Quoting emmanuel7788
{quote} @Tekkies Once again it is your poor reading skills. Your selective reading is one of your main cause for many years of Margin Call. Post a 4H chart and I will explain to you again how to use the Stoch(8,3,3) for the best setups. I posted this many times by you still cannot accept the fact that the TDI#25 is lagging when there is a True REVERSAL {image} {image} ...
So what if TDI is lagging?
BigE clearly stated that Stoch confirm TDI green direction.
------
One post you say Price Action with no indicators, other post you say Robinhood's indicators,
Now you what to show Tekkies how to use Stoch(8,3,3) for the best setups.
How many times have you posted in this thread that members must remove Stoch from chart's?
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Make up your mind Vincent, stop jumping from one indicator to a other indicator.
-----
Here is a tip for you > TDI green bounce red. Place a buy order.
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  • #137,852
  • Feb 6, 2023 9:25pm Feb 6, 2023 9:25pm
Quoting Tekkies
{quote} So what if TDI is lagging? BigE clearly stated that Stoch confirm TDI green direction. ------ One post you say Price Action with no indicators, other post you say Robinhood's indicators, Now you what to show Tekkies how to use Stoch(8,3,3) for the best setups. How many times have you posted in this thread that members must remove Stoch from chart's? {image} Make up your mind Vincent, stop jumping from one indicator to a other indicator. ----- Here is a tip for you > TDI green bounce red. Place a buy order. {image}
@Tekkies

It is fact the TDI #25 is lagging. It is not a problem to trade the 5-Method with the lagging TDI.
Big E' 5-method is simple price action trading with swing highs and swing lows and with True REVERSAL at key support and resistance #647

Since you di not read and study his old thread, then you are the laggard in this TMS thread.
Others who learned and mastered the 5-Method in his old thread are much more advance and ahead of you.

Read these posts by the Op Big E.

Big E : you can trade without the TDI


Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,853
  • Feb 6, 2023 9:31pm Feb 6, 2023 9:31pm
Quoting Tekkies
{quote} So what if TDI is lagging? BigE clearly stated that Stoch confirm TDI green direction. ------ One post you say Price Action with no indicators, other post you say Robinhood's indicators, Now you what to show Tekkies how to use Stoch(8,3,3) for the best setups. How many times have you posted in this thread that members must remove Stoch from chart's? {image} Make up your mind Vincent, stop jumping from one indicator to a other indicator. ----- Here is a tip for you > TDI green bounce red. Place a buy order. {image}
@Tekkies

Why do you keep risking your 'wife' money trading every TDI green line nonsense?

No wonder 'wife' stopped giving your money after your last 1176 trades losses and Margin Call.
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #137,852 7-2-2023 11-26-25 am.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,854
  • Feb 6, 2023 9:44pm Feb 6, 2023 9:44pm
Quoting Tekkies
{quote} So what if TDI is lagging? BigE clearly stated that Stoch confirm TDI green direction. ------ One post you say Price Action with no indicators, other post you say Robinhood's indicators, Now you what to show Tekkies how to use Stoch(8,3,3) for the best setups. How many times have you posted in this thread that members must remove Stoch from chart's? {image} Make up your mind Vincent, stop jumping from one indicator to a other indicator. ----- Here is a tip for you > TDI green bounce red. Place a buy order. {image}
@Tekkies

Market trend Post#647

Why do you buy against the Dominant Primary Trend? Only a fool would repeat that same mistake over and over and over again trading the TDI green line crosses red line ...

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,855
  • Feb 6, 2023 10:10pm Feb 6, 2023 10:10pm
Quoting emmanuel7788
{quote} @Tekkies Market trend Post#647 Why do you buy against the Dominant Primary Trend? Only a fool would repeat that same mistake over and over and over again trading the TDI green line crosses red line ... {image} ...
b/c used 1TF only
  • #137,856
  • Feb 6, 2023 10:15pm Feb 6, 2023 10:15pm
Quoting havenoidea
{quote} b/c used 1TF only
even when he uses only one timeframe, he failed to see the Price Action and the small candles CONSOLIDATION.

the TDI we see on his chart shows a lot more information which he chose to ignore and this is just one of his many problems with his Holy Grail TDI. He is here to mislead people with his TDI VLine nonsense we see on his charts.

he is just too stupid to accept the fact what a True REVERSAL is with Stoch(8,3,3) signal as one of the 5-Method' basic setup.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #137,852 7-2-2023 11-26-25 am.png Size: 46 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,857
  • Feb 7, 2023 2:33am Feb 7, 2023 2:33am
Quoting emmanuel7788
{quote} @Tekkies Why do you keep risking your 'wife' money trading every TDI green line nonsense? No wonder 'wife' stopped giving your money after your last 1176 trades losses and Margin Call. {image}
Lost for words............
Some time later >
What is wrong with you Vincent.? >>>> trading every TDI green line nonsense?

Post 137,832 > Is this still the rule of this system?
Post 137,834 > Yes! For entry and exit,

One post you confirm TDI green line cross red line for entry, the next post you call it nonsense.

Dam, it must be dark, deep down that rabbit hole you call home.
.
  • #137,858
  • Feb 7, 2023 2:55am Feb 7, 2023 2:55am
Quoting Tekkies
{quote} Lost for words............ Some time later > What is wrong with you Vincent.? >>>> trading every TDI green line nonsense? Post 137,832 > Is this still the rule of this system? Post 137,834 > Yes! For entry and exit, One post you confirm TDI green line cross red line for entry, the next post you call it nonsense. Dam, it must be dark, deep down that rabbit hole you call home....
@Tekkies

YES! That's correct. Without the Price Action reversal setup the TDI green line for entry is nonsense.

You posted one very good example today why the TDI cross is nonsense when you open buy.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #137,852 7-2-2023 11-26-25 am.png Size: 46 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,859
  • Feb 7, 2023 3:59am Feb 7, 2023 3:59am
Quoting eelfranz
This hasn't crosses yet (TDI) but it will soon unless we get a bounce down on the red line... {image}
This old post#504.

Was Big E trying to predict the market?

He has a RSI(3) on his chart and that tell a story when we compare the TDI' RSI(13)

With the reading of the Price Action and both RSI(3) + RSI(13), one can safely look for the next trade setup.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #504 witrh RSI(3).png Size: 61 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,860
  • Feb 7, 2023 5:27am Feb 7, 2023 5:27am
Quoting emmanuel7788
{quote} @Tekkies YES! That's correct. Without the Price Action reversal setup the TDI green line for entry is nonsense. You posted one very good example today why the TDI cross is nonsense when you open buy. {image} ...
hi emmanuel i recently use jusr rsi instead of tdi and use price action and ha and mv5 for entry
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