Attachments: Trading Made Simple

Trading Made Simple

#143,121
Oct 1, 2023 3:38am Oct 1, 2023 3:38am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

Quoting romulorios

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{quote} What page can I read about these 4 basic things?

Ignored

@romulorios

that would be the highly over-rated post #647 on page 33.... what the OP consider basics of trading 4X.

just one(1) of the ten(10) elements of Big E' 5-Method.

you will need the other nine(9) elements.

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

#143,122
Oct 1, 2023 4:13am Oct 1, 2023 4:13am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

Quoting tommydoginti

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{quote} An example to illustrate TMS trades and trade management approach. A nice TMS sell entry. TDI cross down. #647 Price Action confirming price rejection from previous low. SL place at previous high First previous low is at >1:1R level. Plan trade management as price reaches that level. {image}

Ignored

I see high risk trading simply trading the TDI cross signal and did not follow the OP' TMS 5-Method chart template .

How many times had the OP remind members here not to trade when then candles are small and the 5EMA is flat ... wait for it to open up...

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#731

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

#143,123
Oct 1, 2023 4:20am Oct 1, 2023 4:20am

romulorios
| Joined Dec 2020 | Status: Sell | 387 Posts

Quoting emmanuel7788

Disliked

{quote} @romulorios essa seria a postagem altamente superestimada nº 647 na página 33.... o que o OP considera os princípios básicos da negociação 4X. apenas um (1) dos dez (10) elementos do Big E' 5-Method. você precisará dos outros nove (9) elementos. {imagem}

Ignored

Where can I find all the reading about method 5?

#143,124
Oct 1, 2023 6:19am Oct 1, 2023 6:19am

tommydoginti
Joined Oct 2020 | Status: Trader | 3,886 Posts

Quoting romulorios

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{quote} What page can I read about these 4 basic things?

Ignored

Hi Romulorios,

I have summarised this in #125132,
https://www.forexfactory.com/thread/post/13715196#post13715196

It is the elements of BigE’s TMS method. Price actions are in post #647

Trade well

#647
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

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

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

#143,125
Oct 1, 2023 6:22am Oct 1, 2023 6:22am

tommydoginti
Joined Oct 2020 | Status: Trader | 3,886 Posts

Quoting romulorios

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{quote} What page can I read about these 4 basic things?

Ignored

For the rules of BigE’s TMS, I have summarised them in previous post.

====

The way I practice TMS can be found in the following posts by BigE, No need to add any more craps like gambling EAs and indicators.

1. TDI is heart of the TMS 5-method --- #261, #2617
All trades I share here are signaled by TDI green cross /bounce red

2. I work with time frames and time of day that suits me --- #644, #1170, #4470
I usually trade during work hour because of my privilege at my job which I have a lot of free time. Sometimes at night because it is London/NY market time when volatility is high. I like Lower Time Frame because I prefer quick-in-quick-out.

3. I use simple PA analysis that everyone can learn --- #276, #647
I prefer leading ones which I can anticipate TMS TDI cross/bounce setups to catch the swing in early stage like BigE demonstrated in his charts

4. Aligning with the discussion of this thread during BigE's time, entries are the main focus --- #495
If I have other aspect of trading to share, I would go to other related threads. I hope readers in this thread can receive concise and relative information in respective thread for efficient learning

5. I apply the correct use of TDI Green & Red lines --- #11
#11 has clearly shown that BigE refreshed his chart before viewing the chart. Traders who want to learn and practice the TMS should 1) refresh the chart before analysis, or 2) use a non-repainting TDI Green Red indicator. I chose the later.

6. Absolutely no EA --- #802
Two reasons: 1) To respect the thread rule. 2) If you need to rely on EAs to help you become profitable, i) Your trading skill is so-so at this stage, and ii) you will never learn the discretionary analysis that can further improve your trading skills

7. Most importantly, I participate the forum with respect --- #486

Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !

#143,126
Oct 1, 2023 6:58am Oct 1, 2023 6:58am

tommydoginti
Joined Oct 2020 | Status: Trader | 3,886 Posts

Quoting emmanuel7788

Disliked

{quote} I see high risk trading simply trading the TDI cross signal and did not follow the OP' TMS 5-Method chart template . How many times had the OP remind members here not to trade when then candles are small and the 5EMA is flat ... wait for it to open up... {image} #731 {image} ...

Ignored

“You see” high risk trading…
This is very important point

However it was a TMS sell setup.

This is because you do not understand the rules of BigE’s TMS. Your trading is more complicated yet worse than TMS.

Go and study BigE’s TMS thread and posts. Only those who do not understand would “see” TMS as simply trading TDI crosses.

trade well

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#143,127
Oct 1, 2023 7:28am Oct 1, 2023 7:28am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

Quoting romulorios

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{quote} Where can I find all the reading about method 5?

Ignored

hi @romulorios

You want to learn about Big E' 5-Method, you need to follow this Introduction below:

I made this summary below and hope this can get you started quickly.

==============================================================

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

#143,128
Oct 1, 2023 7:37am Oct 1, 2023 7:37am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

[quote=tommydoginti;14598833]{quote} “You see” high risk trading… This is very important point However it was a TMS sell setup. This is because you do not understand the rules of BigE’s TMS. Your trading is more complicated yet worse than TMS. Go and study BigE’s TMS thread and posts. Only those who do not understand would “see” TMS as simply trading TDI crosses. trade well {image}

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/quote]

hey @tommydog...

That was a high risk trade. You did not follow the OP' chart template for his 5-Method.

Your RSI 67% is rubbish nonsense. There is no 68-level and 32-level in the use of the RSI. You are making your trading too complicated for yourself. Big E only check the RSI green price line for its slope 12-2 and 4-6 clock face.
The default levels for the RSI is 70 and 30 since you are not using any TDI.

If you use the same TDI in post#25 which the OP Big E used, the slope was 8.8 with cross.

See my chart below ... replay for you.

The PA setup was a M30 BEEOB according to Post#647 basic price action candle for basics trading 4X.

Note the Stoch %K cross %D signal which you did not follow Big E' TMS 5-Method rules in post #261

Also pay attention to the TDI divergence vs price action.

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

#143,129
Oct 1, 2023 8:01am Oct 1, 2023 8:01am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

Quoting tommydoginti

Disliked

{quote} For the rules of BigE’s TMS, I have summarised them in previous post. ==== The way I practice TMS can be found in the following posts by BigE, No need to add any more craps like gambling EAs and indicators. 1. TDI is heart of the TMS 5-method --- #261, #2617 All trades I share here are signaled by TDI green cross /bounce red 2. I work with time frames and time of day that suits me --- #644,...

Ignored

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@tommydog....

You got Big E' TMS 5-Method all wrong. That's is your summary which is not how the OP want people here to learn and master his 5-Method using his chart template.

You should stop adding you distortion here to mislead people. Stick to the OP' posts and learn to trade his 5-Method.

Do Not add the RSI/MA which is Fozzy-RSi system which has nothing to do with Big E' TMS 5-Method.

Below my chart replay comparing the TDI #25 and your RSI/MA ... aka Fozzy-RSI.

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

#143,130
Oct 1, 2023 8:07am Oct 1, 2023 8:07am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

Trading Made Simple 5-Method

> a new week and a new month

> start the week by looking at the Weekly charts and determine the Market Type conditions - Trending or Sideways

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USD Majors

> its easy to see which pairs are trending

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

#143,131
Oct 1, 2023 8:09am Oct 1, 2023 8:09am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

Quoting emmanuel7788

Disliked

Trading Made Simple 5-Method > a new week and a new month > start the week by looking at the Weekly charts and determine the Market Type conditions - Trending or Sideways {image} USD Majors > its easy to see which pairs are trending {image} ...

Ignored

> do the same for all JPY pairs

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

#143,132
Oct 1, 2023 8:12am Oct 1, 2023 8:12am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

Quoting emmanuel7788

Disliked

Trading Made Simple 5-Method > a new week and a new month > start the week by looking at the Weekly charts and determine the Market Type conditions - Trending or Sideways {image} USD Majors > its easy to see which pairs are trending {image} ...

Ignored

> do the same for the EUR and GBP crosses

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

#143,133
Oct 1, 2023 8:30am Oct 1, 2023 8:30am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

Quoting Tekkies

Disliked

Reading the posts over the week, one can summerize them as follow Trader A > You are a bad trader. Trader B > No, you are the bad trader Trader A > I say you are a very bad trader Trader B > No you are the worst trader every Day in/ Day out Come Vincent, Tommy, cut the bullshit and keep it simple. > Link a live Trade Explore (start date 01/2023)to the trades posted in this thread. Let your live Trade Explore do the talking. You don't want to do that, well then the readers will know both...

Ignored

hey @Tekkies

Did you see my TE Sep month-end close on Friday Sep 29 New York 5pm?

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I closed 251 trades this month....

Have you seen @tommydog' TE ?

What about your own TE?

How many trades did you close ?

Show us a screenshot ...

...

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

#143,134
Edited 2:22pm Oct 1, 2023 1:36pm | Edited 2:22pm

romulorios
| Joined Dec 2020 | Status: Sell | 387 Posts

Quoting emmanuel7788

Disliked

{quote} hi @romulorios You want to learn about Big E' 5-Method, you need to follow this Introduction below: I made this summary below and hope this can get you started quickly. ============================================================== 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...

Ignored

Dude, thank you very much.

#143,135
Oct 1, 2023 2:24pm Oct 1, 2023 2:24pm

romulorios
| Joined Dec 2020 | Status: Sell | 387 Posts

Quoting emmanuel7788

Disliked

{quote} ei @Tekkies Você viu meu encerramento do mês de setembro do TE na sexta-feira, 29 de setembro, Nova York, às 17h? {image} Fechei 251 negociações este mês.... Você viu @tommydog' TE? E quanto ao seu próprio TE? Quantas negociações você fechou? Mostre-nos uma captura de tela... ...

Ignored

How did I manage to make 251 trades in 30 days operating on the H4 time frame?

#143,136
Oct 1, 2023 6:20pm Oct 1, 2023 6:20pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

New York Sunday 5pm open ...

it has been quiet for 8+ hours and I had good night sleep.

something must be working and effective until the next,

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

#143,137
Oct 1, 2023 6:35pm Oct 1, 2023 6:35pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

Quoting romulorios

Disliked

{quote} How did I manage to make 251 trades in 30 days operating on the H4 time frame?

Ignored

September has only 21 trading days.

And according to the OP, there were 3 to 6 setups per evening #7555 when he trade the Pacific 10PM and 2AM 4hr candles ... post #1.
He traded 8 pairs #63.
and he only traded with single entry / single exit and he claimed to make $500 to $1000 per evening.

I trade more pairs and different 4hr of the day and I use Multi-lot entries and Multiple Exits, these explains why I had 251 closed trades in Sep' 20 trading days cycle.

You can trade any hour of the day according to your lifestyle but always follow the 4Hr, Daily and Weekly....
see pots #143,119 and #143,130

Myfxbook statistics below show the Hour of the day when I have close trades.

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Currencies pairs traded in Sep

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

#143,138
Oct 1, 2023 6:50pm Oct 1, 2023 6:50pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,214 Posts

Quoting kizan

Disliked

{quote} Thank you Emmanuel! I'm very excited to learn about it and hopefully will increase my win rate in the future.

Ignored

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'secret' of the RSI

hi @kizan

Sorry for the delay. I have been busy finishing my preparations for TMS_EVO_2024/2025/2026 system testing and I needed time to refresh my memory on the TMS-II system development which was many years ago.

Anyway, a buddy helped me out with my system development notes. We used several reference books and materials in our system development.

To master Big E' 5-Method, you need to learn more about the RSI indicator.

Study the book by John Hayden : RSI:The Complete Guide

You can download that book here:

RSI: The Complete Guide by John Hayden click to [download]

Trend Determination using the RSI (TDI)click to [download]

There are other RSI experts , Andrew Cardwell is a well known one.
https://www.forexfactory.com/thread/...5#post13708015

When you think of price reversals in the OB and OS regions, above RSI 70-levels and below RSI-30-levels, Andrew Cardwell has many explanations how to spot the best reversals.

coming up next is how the market volatility and how to use that to pick the best setups for continuation and reversals

...

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