Trading Made Simple | Page 6921 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #138,401
  • Mar 3, 2023 1:38pm Mar 3, 2023 1:38pm
Quoting korosh1350
{quote} you are right but i dont lose 120 pip i gather 0 pip instead of gathering at least 120 pip . 3 break even trades because of soon risk free , i am not losing money but should be profitable absolutely . i read almost all the elfnaz post beside emmanuel and other frinds and it was very good for me sure will disolve tp too
Do Not worry about losing 120pips if that is just one R and you use Position Sizing strategy.

I know the problem with people when they only look at number of pips when they are trading with small accounts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,402
  • Mar 3, 2023 1:40pm Mar 3, 2023 1:40pm
Quoting korosh1350
{quote} do you move sl?are you takeprofit partial?
look at the Daily !

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Mar03 update NY clsoing 4-3-2023 3-33-52 am.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,403
  • Mar 3, 2023 1:44pm Mar 3, 2023 1:44pm
Quoting Tekkies
{quote} That is your option Vincent. TDI#25 does not re-paint crossovers. a Trader never refresh, reload, restart, change timeframes the trader will never know that it does repaint. > Only when the chart is re-loaded some crossover are moved back one bar. Anyway to make you happy I will post clarification (so that you can understand some simple MT4 coding) to that post when and only when you have made your TE's visible for reader's to view from Jan 2022 up to Feb 2023. Come Vincent, show readers you are a true-full honest trader with nothing to...
@Tekkies

Stop pretending.
You still trying to wriggle your way out of the mistake you made about TDI#25 is non-repainting. Why it is repainting was explained by Dean Malone the TDI creator in one of his trading room session. He got many feedback and he asked his programmer to made a new version.
Big E used that same TDI#25 re-painting version and developed his 5-Method. His trading rules are written based on this TDI#25 re-painting version.

Just accept the fact you made a mistake because you are new to programming logic and new to MT4 mql4 programming.
Post a correction to that post #73,461

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #73,461 wron TDI information.png Size: 501 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,404
  • Mar 3, 2023 1:53pm Mar 3, 2023 1:53pm
Quoting emmanuel7788
TMS Mar03 Big E' 8 pairs - Pacific 10PM 4hr trade window - important to know the current Market Type conditions and also it is Friday - TMS 4H trading is good when there is swing of 3 to 8 candles, > how many H4 candles are there is one week? 29 some have 30... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mar04 BigE' 8pairs 3-3-2023 2-08-58 pm.png Size: 66 KB

...
Trading Made Simple ... New York closing soon Mar03

- a few surprise 4H move

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mar03 New York Closing 4-3-2023 3-51-04 am.png Size: 64 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,405
  • Edited 2:22pm Mar 3, 2023 2:10pm | Edited 2:22pm
Quoting adamjhdavis
emmanuel, do you have a way of getting APB for Tradingview? thanks adam {quote}
Yes.

But why do you need Tradingview when all the trading tools for TMS are available in MT4 and MT5?

My brokers offers both MT4/MT5 and Trading view platforms. I can trade on my account with Tradingview charts without any Stochastics, RSI, HeikenAshi, etc.

For all trading discussions here, it is good enough for us to use MT4 and MT5 charts and tools. It a lot easier for new traders to learn and pick up.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD sample HA 4-3-2023 4-11-27 am.png Size: 37 KB


and both APB and HA candles on same chart , you can have on-chart buttons to turn On/Off

> you see the difference in the candles!

> now you can see why Big E' TMS uses Synergy' APB/HA candles for the True REVERSAL setup.


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD APB and HA candles 4-3-2023 4-15-33 am.png Size: 32 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,406
  • Mar 3, 2023 2:32pm Mar 3, 2023 2:32pm
[quote=Tekkies;14346397]{quote}

That is your option Vincent. TDI#25 does not re-paint crossovers. a Trader never refresh, reload, restart, change timeframes the trader will never know that it does repaint. > Only when the chart is re-loaded some crossover are moved back one bar.

.[ quote]


LOL. @Tekkies

You still got it WRONG!

The traders who do not know are the ones who lose money.


Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,407
  • Mar 3, 2023 2:38pm Mar 3, 2023 2:38pm
Quoting emmanuel7788
{quote} Yes. But why do you need Tradingview when all the trading tools for TMS are available in MT4 and MT5? My brokers offers both MT4/MT5 and Trading view platforms. I can trade on my account with Tradingview charts without any Stochastics, RSI, HeikenAshi, etc. For all trading discussions here, it is good enough for us to use MT4 and MT5 charts and tools. It a lot easier for new traders to learn and pick up. {image} and both APB and HA candles on same chart , you can have on-chart buttons to turn On/Off > you see the difference in the candles!...
New York 5PM closing .... soon

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD APB and HA exit 4-3-2023 4-33-38 am.png Size: 33 KB


> its Trading Made Simple(r)
https://www.forexfactory.com/thread/...g-made-simpler
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,408
  • Mar 3, 2023 6:19pm Mar 3, 2023 6:19pm
Quoting tommydoginti
{quote} {image} TMS is trading a trend. If you buy an uptrend (HHHL pattern) from a HL, what are you expecting the price to form in next High? What price levels must the price reach to form a HH? what price level you are not expecting the price to form in a trend? Identify those levels as SL/TP. Or plan the next action when price reaches those levels. {image}
Another pair, USDCAD down trend, sell at TDI cross down around previous highs.

A trend has highs and lows pattern, trade management happens when price forms the pattern you expected to happen (eg, where TP is) or not to happen (SL, etc)

Attached Image (click to enlarge)
Click to Enlarge Name: 0772E8DF-55CA-4A3D-9EBB-373602E06BA7.jpeg Size: 599 KB
Attached Image (click to enlarge)
Click to Enlarge Name: F53594B4-0276-4598-A98D-1FEB2DB7D71B.png Size: 12 KB
  • #138,409
  • Mar 3, 2023 6:34pm Mar 3, 2023 6:34pm
Quoting Tekkies
{quote} That is your option Vincent. TDI#25 does not re-paint crossovers. a Trader never refresh, reload, restart, change timeframes the trader will never know that it does repaint. > Only when the chart is re-loaded some crossover are moved back one bar. Anyway to make you happy I will post clarification (so that you can understand some simple MT4 coding) to that post when and only when you have made your TE's visible for reader's to view from Jan 2022 up to Feb 2023. Come Vincent, show readers you are a true-full honest trader with nothing to...
Hi Tekkies,

TDI green and red lines are moving averages of RSI. All equations are based on current and past candle close. Once the new candle forms values of last candle is fixed. The indicator itself is non-repainting

I have explained here
https://www.forexfactory.com/thread/...4#post13713064

the problem of MT4 TDI indicator on #25, same as all custom indicators coded on MT4, is issue with wrong values of immediately last candle as new candle formed (first tick). It is a known issue.

You got it right, BigE traded in a way that he refreshed the chart every time before checking the chart.

TradingView does not have this issue.

trade well and have a nice weekend

#11, note he closed the chart after each chart checking
If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek...
  • #138,410
  • Mar 3, 2023 7:23pm Mar 3, 2023 7:23pm
Quoting tommydoginti
{quote} Hi Tekkies, TDI green and red lines are moving averages of RSI. All equations are based on current and past candle close. Once the new candle forms values of last candle is fixed. The indicator itself is non-repainting I have explained here https://www.forexfactory.com/thread/...4#post13713064 the problem of MT4 TDI indicator on #25, same as all custom indicators coded on MT4, is issue with wrong values of immediately last candle as new candle formed (first tick). It is a known issue. You got it right, BigE traded in...
"the problem of MT4 TDI indicator on #25, same as all custom indicators coded on MT4, is issue with wrong values of immediately last candle as new candle formed (first tick). It is a known issue."

hey @tommydog...

that is not a problem in MT4 custom indicators. That TDI#25 which was first release version by Dean Malone in 2005 was coded according to his specifications. DM explained that in one of his trading room session back then how Synergy traders must look at the price action and check the other Synergy conditions - the APB/HA candle, the PAC high-low, and the TDI green PL, red TSL, yellow MBL and blue VB lines. However, he released another version where the update of the green PL is done on every price tick instead of at the end of the bar/candle Close.

There are several takeaways in Post#11 which are more important for new traders to Trading Made Simple and one of the main reason why Big E start this thread i.e. to trade the higher timeframes H4, Daily and Weekly.

Big E knew that the TDI#25 repaints all the bars/candles in history and he addressed this in other posts when members here raised this long time ago. He has provided the solution and the solution is not what you read in #11 'turn off the computer ...'. Be careful with what you read. Validate what you read with more chart screen time when market is open.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E Post#11.png Size: 60 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,411
  • Mar 3, 2023 7:44pm Mar 3, 2023 7:44pm
Quoting tommydoginti
{quote} Another pair, USDCAD down trend, sell at TDI cross down around previous highs. A trend has highs and lows pattern, trade management happens when price forms the pattern you expected to happen (eg, where TP is) or not to happen (SL, etc) {image}{image}
@tommydog...

USDCAD Trading Made Simple Post#647 Top Down Analysis

- is the Weekly trend DOWN or UP or SIDEWAYS?

> next week we trade live here in this thread , no more hindsight paper trading b*s*...

> we have a choice, use Big E' APB/HA candles or the original HeikenAshi HAcandles, my chart has both options.


APB/HA candles
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Mar03 NYClose 4-3-2023 9-32-37 am.png Size: 33 KB


Heiken Ashi candles
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Mar03 NYClose HA 4-3-2023 9-39-40 am.png Size: 30 KB

Both APB and HA on same chart

> see the price bar are the same ... that's the Price Action I trade

> looks rather complicated to the inexperienced trader' eyes


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Mar03 NYClose both APB and HA 4-3-2023 9-41-49 am.png Size: 32 KB





.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,412
  • Edited 8:16pm Mar 3, 2023 7:54pm | Edited 8:16pm
[quote=emmanuel7788;14344742]{quote} GBPAUD Mar02 trade update - H1 PA entry position added - will take profit soon {image} - simple price action by Big E #post #3418 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....

Attached Image (click to enlarge)
Click to Enlarge Name: GA Mar02 update2 added position 2-3-2023 10-38-39 pm.png Size: 28 KB

GBPAUD Mar03 Trade Closed

- add-on position closed in profit

- overall a good trading week live trading here and no hindsight b*s* paper trading

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Mar03 trade closed UPDATE 4-3-2023 9-45-13 am.png Size: 27 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,413
  • Mar 3, 2023 8:11pm Mar 3, 2023 8:11pm
Quoting korosh1350
{quote} thanks of your discussion abouy stoch.when you risk free your trades i think i do it soon and lost my wib trades yesterday cadchf sell and usdcad buy and eurgbp riskfree hit and i lost morthan 120 pips

1) Study the Stochastics and learn how to use the Stochastics to help you determine the market type conditions.
There are different settings - (14,3,3), (5,3,3) and (8,3,3) also many other setting as in the Sexy Stochastics 'system'.

https://forex-indicators.net/stochastic

Big E started with different settings in this thread "Stochastics Secret" link here:
https://www.forexfactory.com/thread/...hastic-secrets

Follow Big E' trading journey in Forex Factory and learn EVERYTHING. You don't need EVERYTHING to be successful as a trader here.
He moved on to Craig Harris NFF system and use his Stoch(8,3,3) and later blended that with Dean Malone' Synergy trading model, and he added another key component from another system.
People who knew Big E, he was always re-fining, tweeking, testing, blending, ... looking for improvements. He was never satisfied with what he already had.

To achieve greater success, be like him.

2) POMO ... coming up soon...

Stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,414
  • Mar 3, 2023 9:27pm Mar 3, 2023 9:27pm
Quoting tommydoginti
{quote} Another pair, USDCAD down trend, sell at TDI cross down around previous highs. A trend has highs and lows pattern, trade management happens when price forms the pattern you expected to happen (eg, where TP is) or not to happen (SL, etc) {image}{image}
USDCHF as requested. Same idea with 2 elements from BigE’s Trading Made Simple.

post #647

TDI green cross red signals
Trend (highs and lows)

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:


Am I in an uptrend or downtrend.. short & long term.

Attached Image (click to enlarge)
Click to Enlarge Name: F292642F-3FCE-430E-9C12-072FEDA02146.png Size: 12 KB
Attached Image (click to enlarge)
Click to Enlarge Name: D12464E3-AE45-4833-8429-DD8F79A069E2.jpeg Size: 695 KB
  • #138,415
  • Mar 3, 2023 10:10pm Mar 3, 2023 10:10pm
Quoting tommydoginti
{quote} USDCHF as requested. Same idea with 2 elements from BigE’s Trading Made Simple. post #647 TDI green cross red signals Trend (highs and lows) When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: Am I in an uptrend or downtrend.. short & long term. {image}{image}
Hey TMS Folks

there is simpler approach to day trading and scalping.

Start the trading day and know the market conditions and what the Market Type.
Is the Market Type I - Trending?
Is the Market Type Sideways?
Is the Sideways market Wide Range of Narrow Range?
If Sideways Wide Range, you can swing trade 4H.
If Sideways Narrow Range, you can day trade with the ADR as targets.

All these knowledge you develop over 10 to 20 years here.

Once you know the Market Type, you trade the system which you have developed for that particular Market Type.

USDCHF H1 good example of learning Simple and Basic Price Action according the Big E' Post#647

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Mar03 H1 Daily sideways market 4-3-2023 11-56-30 am.png Size: 45 KB


> Knowing how the Mar03 New York 5pm Close, you know the Market Type for Monday Mar06.

> What trade ideas have you learned in this thread since 2012?
> Do you know TOK_5H range breakout trade with Big E' 5-Method?

Yesterday was an example of a TOK_5H range break which yield 2R profit but many got taken out by the NY open session.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,416
  • Mar 3, 2023 10:57pm Mar 3, 2023 10:57pm
Quoting emmanuel7788
{quote} New York 5PM closing .... soon {image}

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD APB and HA exit 4-3-2023 4-33-38 am.png Size: 33 KB


> its Trading Made Simple(r) https://www.forexfactory.com/thread/...g-made-simpler

Trailing Stop using the Synergy APB or the traditional HeikenAshi

- which is better according to your own experience?

- I prefer the APB candles for exit

> also to be consistent with my other trading rules which uses the APB candle body.



Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Mar03 Trailing stop APB vs HA 4-3-2023 12-50-36 pm.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,417
  • Mar 4, 2023 12:33am Mar 4, 2023 12:33am
Quoting emmanuel7788
{quote} @Tekkies Stop pretending. You still trying to wriggle your way out of the mistake you made about TDI#25 is non-repainting. Why it is repainting was explained by Dean Malone the TDI creator in one of his trading room session. He got many feedback and he asked his programmer to made a new version. Big E used that same TDI#25 re-painting version and developed his 5-Method. His trading rules are written based on this TDI#25 re-painting version. Just accept the fact you made a mistake because you are new to programming logic and new to MT4 mql4...
Anyway to make you happy I will post clarification (so that you can understand some simple MT4 coding) to that post when and only when you have made your TE's visible for reader's to view from Jan 2022 up to Feb 2023.

Come Vincent, show readers you are a true-full honest trader with nothing to hide.
  • #138,418
  • Mar 4, 2023 12:36am Mar 4, 2023 12:36am
Quoting korosh1350
{quote} thanks of your discussion abouy stoch.when you risk free your trades i think i do it soon and lost my wib trades yesterday cadchf sell and usdcad buy and eurgbp riskfree hit and i lost morthan 120 pips
what did your trade? intraday H1 or 4H swing trading?


Quoting emmanuel7788
{quote} 1) Study the Stochastics and learn how to use the Stochastics to help you determine the market type conditions. There are different settings - (14,3,3), (5,3,3) and (8,3,3) also many other setting as in the Sexy Stochastics 'system'. https://forex-indicators.net/stochastic Big E started with different settings in this thread "Stochastics Secret" link here: https://www.forexfactory.com/thread/...hastic-secrets Follow Big E' trading journey in Forex Factory and learn EVERYTHING. You don't need EVERYTHING to be...
@korosh1350

Are you ready for weekend study ?

Let's start with POMO EURGBP

> I did my usual Weekly Top Down Analysis and I know where the historical price swing levels are when I start my trading week on Mondays.

> I see a Weekly #647 big candle aka a Weekly Control Candle WCC High-Low


Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Mar03 Daily Big Picture 4-3-2023 2-27-00 pm.png Size: 20 KB


> Then on my 4H TMS 5-Method chart template , I know the market type conditions with that WCC High-Low

> its easy when you know it is sideways market type and the Stoch will swing between 80 and 20 levels, that where we look for Price Action trade setups when the Stoch confirms between 80 and 20 levels.
> IF the Stoch is above the 80 and below the 20 levels, we look for breakouts into a possible new trend.

> Study the Price ACtion setups on my chart below, there were three good setups which we see very often on all pairs.

1) BEEOB is also a POP Gun setup ... very high probability win rate
2) PCRF is a 3 bars setup by member Phx62
3) is the very common 5bars swing low reversal when the range of the swing is broken, that's the entry next candle.

> there is the Master Candle breakout which could be the bonus for the week closing. But 3 winners are enough to make 5Rs in one week.

Study this POMO, is Big E correct to say a reversal runs 3 to 8 candles on his 4hr charts. Stoch(8,3,3) is his secret.


Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Mar03 NYClose POMO 4-3-2023 2-08-36 pm.png Size: 72 KB



....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,419
  • Mar 4, 2023 12:40am Mar 4, 2023 12:40am
Quoting Tekkies
{quote} Anyway to make you happy I will post clarification (so that you can understand some simple MT4 coding) to that post when and only when you have made your TE's visible for reader's to view from Jan 2022 up to Feb 2023. Come Vincent, show readers you are a true-full honest trader with nothing to hide.

LOL @Tekkies

you are begging for my TE again.

My TE is all mine and I have the control and there is nothing you can do.

Learn to accept things you do not have the power to change.

When your 'wife' is prepared to give you more pocket money to top up your HFM account, let me know.

I will help you recover your 387 trades losses and that 99.4% Margin Call.


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Apr01 minus 99.4percent 22-1-2023 6-12-29 am.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138,420
  • Mar 4, 2023 12:42am Mar 4, 2023 12:42am
Quoting emmanuel7788
Quoting emmanuel7788
{quote} GBPAUD Mar02 trade update - H1 PA entry position added - will take profit soon {image} - simple price action by Big E #post #3418 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
...
Wow Vincent, look at TDI!!!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
61 traders viewing now