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Trading Made Simple

  • #141,461
  • Aug 10, 2023 10:52am Aug 10, 2023 10:52am
Quoting ForexTradey
I am reading through this thread and the 'highlights' but there are years worth of comments so it will take a while, there are endless videos/books/forums/'guru's who claim to have a great system and I was merely checking if anyone is or has actively used this one and if it works before I dump hours/days/weeks into research.
You only need BigE fill.pdf.
About an hour of reading. What you do with BigE's advice how to use TDI is entirely up to you.
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  • #141,462
  • Aug 10, 2023 10:56am Aug 10, 2023 10:56am
Quoting ForexTradey
I am reading through this thread and the 'highlights' but there are years worth of comments so it will take a while, there are endless videos/books/forums/'guru's who claim to have a great system and I was merely checking if anyone is or has actively used this one and if it works before I dump hours/days/weeks into research.
It's nothing wrong with this system. It works as many systems do. The problem is the traders that try it out. They try to make money only looking at TDI-crossing and stochastic. In this way you will for sure lose money. You need to understand price actions on the timeframe you are trading on and price actions on higher timeframe (at least 4-6 times higher than your trading timeframe.
For example If you are trading on 30M you can also watch 4H.)

If you decide to use this system you only need to read eelfranz (BigE) posts. The posts now is this thread will only confuse you.
Some system that have use this system as an base:

https://www.forexfactory.com/thread/...g-made-simpler
https://www.forexfactory.com/thread/...ree-tdi-system
https://www.forexfactory.com/thread/...for-m30-charts
  • #141,463
  • Aug 10, 2023 12:28pm Aug 10, 2023 12:28pm
Quoting ForexTradey
I am reading through this thread and the 'highlights' but there are years worth of comments so it will take a while, there are endless videos/books/forums/'guru's who claim to have a great system and I was merely checking if anyone is or has actively used this one and if it works before I dump hours/days/weeks into research.
Don't you think you have enough "examples" to spend hours/days/weeks research with BigE's advice how to trade with TDI?
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  • #141,464
  • Aug 10, 2023 3:09pm Aug 10, 2023 3:09pm
Quoting ForexTradey
I am reading through this thread and the 'highlights' but there are years worth of comments so it will take a while, there are endless videos/books/forums/'guru's who claim to have a great system and I was merely checking if anyone is or has actively used this one and if it works before I dump hours/days/weeks into research.

@ForexTradey

my conclusion:

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,465
  • Aug 10, 2023 3:37pm Aug 10, 2023 3:37pm
Quoting ForexTradey
{quote} So if in 12 years if no one has made money trading this strategy then why has it such a large following and post count?

@ForexTradey

Simple and honest answer is NO.
The reason for my answer is not this strategy by the OP.

Your profile says you are trading from the UK.

How much money do you want to make trading this retail spot forex market?

What is the trading strategy here? There is no system shared by the OP here. What he did share is a method ... he called his 5-Method which he developed by blending parts from other methods and created his 5-Method.

Did he share a Money Management strategy? NO. He was gambling with USD10,000. See his post #557

I have not seen anyone here making money during the time when the OP was alive and posting between 2008 and 2010. He was merely showing people what he learned from attending a few trading seminars and helping people here. The OP was answering questions from members here and from my reading of all the posts questions and replies, I have not seen anyone including the OP showing their trading account statements to show them making money consistently. A lot of written claims especially from new traders then those new traders disappear after a few months. This happens all the time, repeat over and over again.

I have not seen anyone here made money consistently for 12 years.

In last 12 years, I completed 4 trading cycles of 3-years each. I did not lose my trading capital in any of the 3-years trading cycles. There were losing weeks, losing months, but never a losing cycle in the last 12 years.

I did what is required to achieve my trading success and that is what the OP said in his post #296.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,466
  • Aug 10, 2023 3:45pm Aug 10, 2023 3:45pm
Quoting Tekkies
{quote} Don't you think you have enough "examples" to spend hours/days/weeks research with BigE's advice how to trade with TDI? {image}
hey @Tekkies

Simple answer to a simple question : NO.

You only post winning trades here but your previous TEs show otherwise.

Please show us one example of an account equity growth with one thousand trades completed.

Your 2022 TE was just another losing year like all other years since 2017.

It shows you do not have any winning edge.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,467
  • Aug 10, 2023 3:50pm Aug 10, 2023 3:50pm
Quoting kirinda
{quote} It's nothing wrong with this system. It works as many systems do. The problem is the traders that try it out. They try to make money only looking at TDI-crossing and stochastic. In this way you will for sure lose money. You need to understand price actions on the timeframe you are trading on and price actions on higher timeframe (at least 4-6 times higher than your trading timeframe. For example If you are trading on 30M you can also watch 4H.) If you decide to use this system you only need to read eelfranz (BigE) posts. The...
@kirinda

There is no system in this Trading Made Simple thread.

There is this method ... Big E' 5-Method and his trading coach made a major announcement recently.

The retail trading market has taken another casualty.

Did you make money the last 12 years was the member @ForexTradey' question.


,,,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,468
  • Aug 10, 2023 3:54pm Aug 10, 2023 3:54pm
Quoting FidelaYunia
If don't mind, may I make mq4 EA for this strategy? For the purpose, can somebody explain the essence of this strategy?

@FidelaYunia

YES, please do.

I will contribute more ideas what you can develop in to your TMS EA.

Lets start a new project development here.

For all other members joining in, they can read the OP's posts from Post #1 to Post #12,912 and learn TMS.



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,469
  • Aug 10, 2023 4:00pm Aug 10, 2023 4:00pm
Quoting lynnc
{quote}There are probably quite a few people who have made money with this strategy, however, you won't get "normal" posters in this thread....have a read of the last few hundred pages and see if you can guess why.

good post @lynnc

You did not make money with this strategy too.

"normal" posters in this thread ... that's a conclusion too.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,470
  • Aug 10, 2023 4:04pm Aug 10, 2023 4:04pm
Quoting emmanuel7788
{quote} GBPUSD Aug 10 H4 London 10am - new 4hr candle open > look at the Price Action and recent resistance to the left , then ask if you want to take this TDI trade > if there is no +2R potential, then no trade {image} ... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Aug 10 H4 Lpndon 10am new H4 10-8-2023 5-17-18 pm.png Size: 29 KB
GBPUSD Aug 10 H4 .... hours later

> conclusion ... no +2R trade

> no winning edge

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Click to Enlarge Name: GBPUSD Aug 10 H4 no 2R trade 11-8-2023 5-00-52 am.png Size: 29 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,471
  • Aug 10, 2023 4:12pm Aug 10, 2023 4:12pm
Quoting ForexTradey
{quote} So if in 12 years if no one has made money trading this strategy then why has it such a large following and post count?
@ForexTradey


According to the OP he can make USD500 to USD10,000 per evening.
I can make the same amount on average per trading day but spread over more than 5,000 trades.

#557
>>> is important that you read this post linked:
<>The money I put into my last trading account ($10,000) I don't even think about it. It's like the money you take to Las Vegas.<>

#7555
<>
Good Morning all you fabulous traders....

I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.

iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING.

Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit.

If I put all of my eggs in one basket... it was hit or miss....

I trade both ways with success...
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,472
  • Aug 10, 2023 4:19pm Aug 10, 2023 4:19pm
Quoting FidelaYunia
If don't mind, may I make mq4 EA for this strategy? For the purpose, can somebody explain the essence of this strategy?

@FidelaYunia

Here is an example for your EA to check the market conditions for sell.

Follow rules ... in Post #1, post#261 and Post 647.

AUDUSD H4 Aug 10 New York 5pm Close

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,473
  • Aug 10, 2023 4:30pm Aug 10, 2023 4:30pm
Quoting ForexTradey
{quote} So if in 12 years if no one has made money trading this strategy then why has it such a large following and post count?

@ForexTradey

If TMS by the OP Big E cannot make money, then I developed my own system strategy with TMS-II

I made money in May > click here > #140,482

I made money in June > click here #141,053

and July > click here #141,402

I do not know about August at the moment as I am spending time with new system development and final testing for TMS EVO 2024/2025/2026 cycle.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,474
  • Aug 10, 2023 4:45pm Aug 10, 2023 4:45pm
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to
observe basic 4x things... like:
How close am I to the previous high or lo
[FONT=Comic...
Example AU H4

Price Action trading


Attached Image (click to enlarge)
Click to Enlarge Name: AU H4 #647 example 11-8-2023 5-37-27 am.png Size: 38 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,475
  • Aug 10, 2023 4:53pm Aug 10, 2023 4:53pm
Quoting emmanuel7788
{quote} @FidelaYunia YES, please do. I will contribute more ideas what you can develop in to your TMS EA. Lets start a new project development here. For all other members joining in, they can read the OP's posts from Post #1 to Post #12,912 and learn TMS. ...
Thx. May I know the "real" essence of the strategy? Since there are several versions along this thread
  • #141,476
  • Aug 10, 2023 5:15pm Aug 10, 2023 5:15pm
What I need to know are :
1) Is there any time filter to operate this ES?
2) What is condition to open buy, and what is condition to open sell?
3) Is there any averaging applied?
4) What is condition to close buy, and what is condition to close sell?
  • #141,477
  • Aug 10, 2023 5:19pm Aug 10, 2023 5:19pm
Quoting FidelaYunia
What I need to know are : 1) Is there any time filter to operate this ES? 2) What is condition to open buy, and what is condition to open sell? 3) Is there any averaging applied? 4) What is condition to close buy, and what is condition to close sell?
From the info, I will try to make "BASIC" of this EA.
Then we will see the result though baccktest.
If still loss, we cacn discuss more, how to make this EA becoming profitable.

Oh yea, in which pair the best pair we can apply this EA?
  • #141,478
  • Aug 10, 2023 5:20pm Aug 10, 2023 5:20pm
Quoting emmanuel7788
{quote} @ForexTradey Simple and honest answer is NO. The reason for my answer is not this strategy by the OP. Your profile says you are trading from the UK. How much money do you want to make trading this retail spot forex market? What is the trading strategy here?

I don't have financial goals, not as of yet, I want to ideally find a system that works, works with myself, and go from there, I currently trade around my current business but would like to eventually trade full time, and not set financial goals of I need to earn X amount until I am at a stage where I can trade full time or I am profitable, the issue I currently have is, I naturally have an attraction to Forex as I have been around it literally my entire life with a parent and grandparent being stock/forex traders full time, however both successful in stocks, my parents lost several accounts trading Forex and I am yet to meet someone who actually makes an income from forex trading or doesn't say day trading and forex trading isn't profitable, which cannot be true.
  • #141,479
  • Aug 10, 2023 6:17pm Aug 10, 2023 6:17pm
Quoting FidelaYunia
{quote} Thx. May I know the "real" essence of the strategy? Since there are several versions along this thread

@FidelaYunia

The essence of TMS 5-Method price-action-based trading with APB/HA candles and Displaced Moving Average added with the confluence of two momentum based indicators like the Stoch and RSI.

It is the COWABUNGA approach from the 1980's.

You start with the OP basic template as laid out in Post #261.

With this #261 template, you look at a few common setups which repeats very often.

One of the PA setup is the 5bars/candles swing high / swing low with true REVERSAL candles. Remember the OP' 5-Method is blend of Craig Harris' Natural Flow Forex system with Dean Malone' Synergy.

Example below with USDCAD H4 at New York 5pm Close.

> your TMS EA must be able to read the chart and spot the PA setups

> then check the Stoch %K cross %D for the signal and the %K line slope with a minimum threshold value > 4.0 if the %K / %D is between 20 level and 80 level.

> then check the moving average of the RSI data for the same slope with a minimum threshold value> 4.0.


> lot more technical conditions to check before we take a make Go/ No-Go decision.

- on this USDCAD H4 chart below, we see a current swing low with True REVERSAL.
But we also see to the left, two most significant swing highs ... 'resistance'. These are the risks we need to mitigate should we take a buy trade now with New York session Closed and the Asian session low liquidity.




Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Aug 11 H4 setup NY 5pm close 11-8-2023 6-59-48 am.png Size: 29 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #141,480
  • Aug 10, 2023 6:26pm Aug 10, 2023 6:26pm
Quoting FidelaYunia
{quote} Thx. May I know the "real" essence of the strategy? Since there are several versions along this thread

Here is an example of TMS EA V19 which provides all the information for my evaluation before I make a trade decision.

USDCAD Aug 11

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Click to Enlarge Name: USDCAD Aug 11 TMS_V19 11-8-2023 7-24-35 am.png Size: 44 KB




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