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

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #144,341
  • Dec 1, 2023 1:13pm Dec 1, 2023 1:13pm
Quoting Tekkies
{quote} The 5ema was a leftover from a system that BigE was testing. As the system developed the 5EMA and Stoch was later removed by BigE and he only used TDI cross. (please correct me if I am wrong) ////
(please correct me if I am wrong)

I am pleased to correct you ... you were wrong since Sep 2016 .

Sorry I am 7 years late to correct you now.

read this post {link }

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,342
  • Dec 1, 2023 1:24pm Dec 1, 2023 1:24pm
Quoting emmanuel7788
{quote} (please correct me if I am wrong) I am pleased to correct you ... you were wrong since Sep 2016 . Sorry I am 7 years late to correct you now. read this post {link } ...
I thought I was making no progress but you both are killing it. Respect.
  • #144,343
  • Dec 1, 2023 4:45pm Dec 1, 2023 4:45pm
Quoting emmanuel7788
{quote} For sideways market, intraday targets can consider using the ADR targets ... - watch for swing low and True REVERSAL if market moves lower to the ADR - Low {image} ...

AU Dec01 H1 UPDATE:

- took its time to bottom at Day Open and reversed

- high ADR High 62pips

Attached Image (click to enlarge)
Click to Enlarge Name: Au Dec01 H1 ADR High hit 2-12-2023 8-41-12 am.png Size: 26 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,344
  • Dec 1, 2023 4:49pm Dec 1, 2023 4:49pm
Quoting lddd
{quote} I thought I was making no progress but you both are killing it. Respect.



#2617

Quoting eelfranz
/// There is a handful who trade it correctly here who are rewarded nicely...
How many is a "handful' ?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,345
  • Dec 1, 2023 5:24pm Dec 1, 2023 5:24pm
TMS-II Myfxbook statistics November 2023

- fewer trades this month as I am busy with system development and final testing

- also busy time as usual with the year-end holidays and lots of work around the house and hobby-shop

- same trading hours ... every 4Hr trade window, mostly scalping the 4Hr like the OP

- only managed 123 trades closed and better quality setups

Hourly statistics

- most active during Tokyo and London sessions

- usually new trades when the European markets closed.

Attached Image (click to enlarge)
Click to Enlarge Name: Myfxbook 11858226 Nov2023 close Hourly 1-12-2023 11-11-09 am.png Size: 13 KB



Daily statistics

- more active days are Tuesday, Wednesday and Thursday when there were news / data release

- good for scalping the 4Hr

Attached Image (click to enlarge)
Click to Enlarge Name: Myfxbook 11858226 Nov2023 Closed Daily 1-12-2023 11-11-46 am.png Size: 14 KB


...

checkout previous months #142,406


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,346
  • Dec 1, 2023 5:33pm Dec 1, 2023 5:33pm
Quoting emmanuel7788
TMS-II Myfxbook statistics November 2023 - fewer trades this month as I am busy with system development and final testing - also busy time as usual with the year-end holidays and lots of work around the house and hobby-shop - same trading hours ... every 4Hr trade window, mostly scalping the 4Hr like the OP - only managed 123 trades closed and better quality setups Hourly statistics - most active during Tokyo and London sessions - usually new trades when the European markets closed. {image} Daily statistics - more active days are Tuesday, Wednesday...

Nov 2023 win-rate

- fewer trades means taking only the best A+++ trades following the OP post advice #2617

- 119 winners out of total 123 trades closed

- thats a good 97% win


Attached Image (click to enlarge)
Click to Enlarge Name: Myfxbook 11858226 Nov2023 closed 1-12-2023 11-10-23 am.png Size: 10 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,347
  • Dec 1, 2023 5:46pm Dec 1, 2023 5:46pm
Quoting emmanuel7788
{quote} Nov 2023 win-rate - fewer trades means taking only the best A+++ trades following the OP post advice #2617 - 119 winners out of total 123 trades closed - thats a good 97% win {image} ...

Trading Made Simple II aka TMS-II ... it is like 2G ... 2ndGeneration

- taking quality trade means taking A+++ setups with all ten(10) elements fulfilled.

- post#647 is the basics of just one of ten elements

For example this below:

Price Action candles Bearish Engulfing Outside Bar BEEOB is a price MOMENTUM setup in Big E' 5-Method.

You need to look at the price bar OHLC and the APB/HA candle size. A red price bar with red APB/HA candle colour are bearish market conditions for sell opportunity.

The RSI green price line will show a good slope to help newbies make a selective trade decision.

In this chart below, the setup is for TMS EVO add-on to an open sell trade basket. This Price Action setup works in all timeframes and you need to do your Weekly Top Down Analysis following post #647 and know the Market Type 1, 2 or 3 when you want to swing trade the forex market.

You can also scalp this 4hr like Big E did during his time. I developed TMS-II to scalp the 4hr candles.

You can see my recent months TMS-II performance.

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


Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 TMS-II example BEEOB 2-12-2023 9-44-44 am.png Size: 35 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,348
  • Dec 1, 2023 6:16pm Dec 1, 2023 6:16pm
Quoting eelfranz
////There is a handful who trade it correctly here who are rewarded nicely...
only a handful understands these:

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon H4 GMT0200 2-12-2023 10-08-39 am.png Size: 19 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TMS pairs last 4H 2-12-2023 10-10-17 am.png Size: 63 KB



and the rest got themselves immerse in beliefs slogan like "keep it simple stupid"

without ever trying anything, accepting own mistakes and learning from mistakes



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,349
  • Dec 2, 2023 4:14am Dec 2, 2023 4:14am
Quoting emmanuel7788
{quote} Hi @luvene Sorry to read about your illness. That is not a death sentence. Someone in my family has prostate cancer at age 60 and been through several rounds of treatment. He is 79 today and enjoying life doing what he does best. Last weekend at a family dinner he invited us to his 80 birthday celebration in January. He worked as a remisier for 20 years before his retirement. Today he still manages clients. The learning never stops. This is what @eelfranz wants when he moved the trading discussions to this new thread. {image} Take Care !...
Dear Emmanuel and Tekkies,
Thank you for the kind words regarding my life expectancy and illness, I really appreciate it, especially now that I have made fun of both of you...
Don't know if Google translated this correctly, but Tekkies is from South Africa and he understands a little Dutch.
Once again, I think it's a shame that you guys are fighting each other so much with this system. Who's right, who cares? Try to have fun with trading.
I hereby promise you that I will no longer respond once every 6 months or thereabouts. I no longer have the energy and pleasure to sit behind that shitty screen all day! However, I'm pretty sure my system on the 1M is the very best I've made in all these years. Also because I gave it time and adjusted it little by little. It's a lot of fun to do and it's not boring at all.
I'm NOT going to do it for real money anymore, but if I were about 30 years old and my job isn't that good and I have something like € 10K on hand, I would definitely do it, that's how convinced I am of this system. And yes, then you only have to sit behind your screen from 9:00 AM to 5:30 PM, or a little shorter, so what? Enjoy from home and you don't have to be barked at by some idiot who is above you in the organization.
Kind regards from Johan!
Keep it simple without too many crappy indicators!
  • #144,350
  • Dec 2, 2023 12:01pm Dec 2, 2023 12:01pm
Quoting luvene
{quote} Dear Emmanuel and Tekkies, Thank you for the kind words regarding my life expectancy and illness, I really appreciate it, especially now that I have made fun of both of you... Don't know if Google translated this correctly, but Tekkies is from South Africa and he understands a little Dutch. Once again, I think it's a shame that you guys are fighting each other so much with this system. Who's right, who cares? Try to have fun with trading. I hereby promise you that I will no longer respond once every 6 months or thereabouts. I no longer have...
Jy is reg omtrent wie is reg, wie gee om
Kan een ding van hom se, hy weet hoe om n ou se gat te krap

Mooi loop
  • #144,351
  • Dec 2, 2023 1:00pm Dec 2, 2023 1:00pm
You know when you are right when you have done this during your lifetime and have achieved both ....

Attached Image (click to enlarge)
Click to Enlarge Name: Financial Independence and Financial Freedom.png Size: 322 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,352
  • Dec 2, 2023 1:17pm Dec 2, 2023 1:17pm
The eternal question traders ask when they could not make money ...

Why 99% of retail traders lose money >>> { here }

and @hanover gave up forex trading few years back and

he shared a list of reasons to answer that question >>> { here }


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,353
  • Dec 2, 2023 1:29pm Dec 2, 2023 1:29pm
Quoting eelfranz
/// 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. You hope to win but don't often... Your taking money for entertainment and relaxation... So I don't give it a second thought... It's entertainment money as I said... Besides It always grows larger...///.
Should you learn this from the OP. Treat your $10,000 as gambling money.

I'll show you how to turn $10,000 to $50,000 and then to $200,000 in 36 months.

But you must know this. You have only one shot at it. You may lose all $10,000.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,354
  • Edited 5:20pm Dec 2, 2023 1:48pm | Edited 5:20pm
Quoting eelfranz
To All - 2scoops is one of the oldest traders for our method. He understands more than most. He works hard to help you all and deserves your respect. When he posts... pay attention. He will help you become successful. I consider him AAA+++. Thank you 2scoops.
If/When anyone of you decides to give up you need to need know that @2scoops gave up years ago.
It will not be an easy decision because I know when you started on your trading journey you had the optimism like most people. You will give up something which takes a lot of time to learn and to achieve.

Tell me when you are considering to give up.

Or do you want to consider one last shot at it before you do.


Attached Image (click to enlarge)
Click to Enlarge Name: 2scoops profile.png Size: 56 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,355
  • Dec 3, 2023 12:00am Dec 3, 2023 12:00am
Quoting Kayhuez
Hey, new member but long time lurker on these forums. I came across this thread a few years ago when i first got into forex. I've since switched over to futures instead of forex but its relatively similar. I loved how simple this seemed, but being fairly new when coming across this i couldn't stick to it. I've bounced around numerous times trying to find the "holy grail strategy" & tried using regular candlesticks and unnecessary concepts but I've always been obsessed with Heikin Ashi candles. They are like the ex that I tried to get over because...
" I'm currently incorporating these TMS concepts"

What is TMS concepts?

I did not read any discussion here since member @Kayhuez made his post above.

Surely this thread is not about trading TDI green line cross red line.

When and why did the OP introduced the TDI to his trading ?

Why did he start this new thread when the 5-Method started in his old thread ?

Many missed or chose to ignore the reason and purpose of this new thread.



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,356
  • Dec 3, 2023 10:04am Dec 3, 2023 10:04am
Hello everyone,
I see that this strategy has been successful for so many years. I've been learning about forex trading for quite some time but I'm still lacking in experience. Today I want to invest fully in the long term with a reliable and solid strategy.
I've seen that there are still people active here. What would you advise me to do to get started?
I've seen that some people are advocating new aspects of the TMS strategy. Can I find a complete guide somewhere?
Thank you very much in advance
  • #144,357
  • Dec 3, 2023 1:30pm Dec 3, 2023 1:30pm
Quoting fxslow
What would you advise me to do to get started?
Welcome to Trading Made Simple ...

First time here, start with this summary below,

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

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...


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,358
  • Dec 3, 2023 1:33pm Dec 3, 2023 1:33pm
Quoting emmanuel7788
{quote} Welcome to Trading Made Simple ... First time here, start with this summary below, ============================================================== 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...
Attached Image (click to enlarge)
Click to Enlarge Name: Big E FF profile May01.png Size: 79 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,359
  • Dec 3, 2023 1:43pm Dec 3, 2023 1:43pm
Weekly determines the Market Type

1 - Trending
2 - Sideways Wide Range
3 - Sideways Narrow Range

USD

Attached Image (click to enlarge)
Click to Enlarge Name: 3-12-2023 9-30-17 am.png Size: 57 KB


JPY
Attached Image (click to enlarge)
Click to Enlarge Name: JPY 4-12-2023 5-45-05 am.png Size: 64 KB



* WCC is a candle with warning

* WRB are big candle
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #144,360
  • Dec 3, 2023 1:50pm Dec 3, 2023 1:50pm
Quoting emmanuel7788
Weekly determines the Market Type 1 - Trending 2 - Sideways Wide Range 3 - Sideways Narrow Range USD {image} JPY {image} * WCC is a candle with warning * WRB are big candle

EUR and GBP pairs

> pick one pair from each of these EUR and GBP cross pairs

> total 5 pairs


Attached Image (click to enlarge)
Click to Enlarge Name: EURxxx Week49 3-12-2023 9-32-55 am.png Size: 52 KB



Attached Image (click to enlarge)
Click to Enlarge Name: GBPxxx Week49 3-12-2023 9-34-43 am.png Size: 55 KB




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