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Monitor for 'Trading Made Simple' system 565 replies

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

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

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #145,881
  • Mar 1, 2024 8:53pm Mar 1, 2024 8:53pm
Quoting emmanuel7788
{quote} Sorry folks. I was busy and did not post my TMS-II January trade results. Here are some statistics from Myfxbook. - only closed 93 trades a lot fewer than previous months - Feb month will not have many trades as my main focus is on system development {image} Hourly statistics{image} Daily statistics {image} ...

TMS-II Feb trades closed

- fewer trades this month and focus on 4Hr setups and taking only quality trades ...means 100% wins.

- no point jumping from higher timeframe to lower timeframes which the OP trash timeframes where you will be taken to the
slaughter.

- when you do not see a quaility 4Hr setup then look at other pairs.

- my primary focus is TMS_EVO_IX to turn $50k to $200k.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,882
  • Mar 1, 2024 8:58pm Mar 1, 2024 8:58pm
Quoting emmanuel7788
{quote} TMS_EVO_IX Week07 Feb 11 to Feb 16 Open baskets/positions as of today Feb 05 Tokyo Open 9am AUDUSD EURUSD GBPUSD USDCAD EURAUD GBPCAD CHFJPY XAU BTC ...

TMS_EVO_IX

- trade plans for March 2024, Mar 04 to Mar 30 ... the next 20-trading-days-cycle.

Open baskets/positions as of Feb 29 New York Close5pm

AUDUSD
EURUSD
GBPUSD
USDCAD
EURAUD
GBPCAD
CHFJPY
XAU
BTC





...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,883
  • Edited 9:27pm Mar 1, 2024 9:08pm | Edited 9:27pm
TDI uses RSI and Moving Average
if you understand both and TDI, you can create indicators with lots of data (& MTF) to produce 1 indicator with 3 outputs
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and this is the indicator data used to produce these 3 outputs
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The yellow line is the center line
Lime line if the signal is above the center line
Magenta line if the signal is below the center line

Price action is just one technique, TDI is just one technique, composite indicators are just one technique, and others are just one technique.
and that's just about signal reading,
apart from that there's still mathematics, logic and luck
If you only focus on 1 thing, even though forex trading has many things/aspects to learn, imagine for yourself what your trading will be like

If trading is easy and simple but you are still losing money, ask those who claim to be real teachers

Have a nice week end
  • #145,884
  • Mar 1, 2024 9:14pm Mar 1, 2024 9:14pm
Trading Made Simple 5-Method is

No.1 Price Action
No. 2 Oscillators to provide the confirmation ...

#261

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If the TDI is the heart of the method, then Price Action is king ....

When you have mastered the 5-Method ... i.e. the Price Action, you no longer need any lagging oscillators to confirm the Price Action.


What should you do when the heart does not look good ?




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,885
  • Mar 2, 2024 7:33am Mar 2, 2024 7:33am
Quoting emmanuel7788
Trading Made Simple 5-Method is No.1 Price Action No. 2 Oscillators to provide the confirmation ... #261 {image} If the TDI is the heart of the method, then Price Action is king .... When you have mastered the 5-Method ... i.e. the Price Action, you no longer need any lagging oscillators to confirm the Price Action. What should you do when the heart does not look good ? ...
Dear Big Emm,

i have tried searching this info for almost 8 hours but didnt found on forex factory and google,please tell me what does the dotted candidates line represent? are they future lines or past historical lines? please give as much information you have thank you.
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  • #145,886
  • Mar 2, 2024 9:16am Mar 2, 2024 9:16am
Quoting emmanuel7788
{quote} Hey TMS Folks - trading the 5-Method without any indicators > Price Action is King, leave the TDI as the heart .... UJ Feb29 M30 rejection candle at 4HR SnR and M30 SnR +6R and going {image} ...
Trying to understand the entry on this +6R trade, where was the clue? PA with S/R on the 4 Hour chart here? are you reading PA on the LTF and then to HTF for entry? I post what I see here. For whatever reason it is much less obvious to me on the M30 chart.
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  • #145,887
  • Mar 2, 2024 9:31am Mar 2, 2024 9:31am
Quoting tommydoginti
{quote} TMS method uses TDI signals to enter trades with confirmation of Price Action in post #647. Checking and trading every TDI signal is not the way. {image} Applying Trend and previous highs and lows {image} Apply Rejections and last Reversals. {image}
Good weekend traders.

I have got PMs on the TMS accuracy statistics. Particularly the 2-candle.
TMS entry accuracy: #144,836, #144,853, #145,555

Please note this is an objective statistics of TMS method. This is independent of trader, and purely based on TMS method rules.

When BigE traded the 4H overnight, the trades were closed after 8 hours (2 candles). This is the reference I used to assess TMS entry accuracy.

This is the statistics being accumulated in the log. I can post more of this regularly.

UC
4 setups, 3 is positive

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====
Trading Made Simple 3 year summary
___________________
TMS Method rules: #144535
Performance track on an account (1 position/TMS setup): #144517 #129706, #144,852, #145,826
Risk management: #145,224, #145,497
TMS entry accuracy: #144,836, #144,853, #145,555
__________________
  • #145,888
  • Mar 2, 2024 9:40am Mar 2, 2024 9:40am
Quoting tommydoginti
{quote} Good weekend traders. I have got PMs on the TMS accuracy statistics. Particularly the 2-candle. TMS entry accuracy: #144,836, #144,853, #145,555 Please note this is an objective statistics of TMS method. This is independent of trader, and purely based on TMS method rules. When BigE traded the 4H overnight, the trades...
XAUUSD.

in Trending the dominant PA is previous highs and lows as HHHL/LHLL.

5 TMS setups, 4 in profit after 2 candles

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  • #145,889
  • Mar 2, 2024 10:12am Mar 2, 2024 10:12am
Quoting kenergy1
{quote} Trying to understand the entry on this +6R trade, where was the clue? PA with S/R on the 4 Hour chart here? are you reading PA on the LTF and then to HTF for entry? I post what I see here. For whatever reason it is much less obvious to me on the M30 chart. {image}
Hi Kenergy1

I can only speak from perspective of BigE’s TMS method rules

on both m15 and m30 there was a LHLL downtrend formation. Depending on the enter timeframe of your choice, the entry time would be slightly different. But bias was sell and enter sells at TDI cross down

On m30 there was another TMS sell setup at break-rejection, Price failed to break prev high.

trade well

m15 from my previous post
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m30
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  • #145,890
  • Mar 2, 2024 2:37pm Mar 2, 2024 2:37pm
TDISTOCH is insane
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  • #145,891
  • Mar 2, 2024 8:11pm Mar 2, 2024 8:11pm
Quoting MachineLearn
TDISTOCH is insane {image}

hey @MachineLearn

Good thread you started ... Magic-5
https://www.forexfactory.com/thread/1270197-magic-5

If the Op Big E would have chosen the Magic 5 instead of 'Trading Made Simple' back in 2011, we would have two threads with the same name.

Many names were proposed by members,


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Big E decided on "Trading Made Simple" because trading the higher timeframes H4, Daily and Weekly was the main reason for his choice why he started this new thread.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,892
  • Edited 8:15am Mar 3, 2024 3:03am | Edited 8:15am
Quoting tommydoginti
{quote} Hi Kenergy1 I can only speak from perspective of BigE’s TMS method rules on both m15 and m30 there was a LHLL downtrend formation. Depending on the enter timeframe of your choice, the entry time would be slightly different. But bias was sell and enter sells at TDI cross down On m30 there was another TMS sell setup at break-rejection, Price failed to break prev high. trade well m15 from my previous post {image} m30 {image}

Wonderful. Been studying all your posts on BigE's TMS method. Its amazing. I wan to beg you for your exact script " TMS + #647 "
I have the tdi by tuan louis but i need the bullish and bearish color background (red and green) on the "tms + #647" indicator exactly like yours. Pleeeeeeease. I dont mind having the code.
  • #145,893
  • Mar 3, 2024 5:50pm Mar 3, 2024 5:50pm
Quoting kenergy1
{quote} Trying to understand the entry on this +6R trade, where was the clue? PA with S/R on the 4 Hour chart here? are you reading PA on the LTF and then to HTF for entry? I post what I see here. For whatever reason it is much less obvious to me on the M30 chart. {image}

hi @kenergy1

The 'clue' is in the OP's posts when you can put together all his posts into a big puzzle.

The OP' 5-Method is Price Action and Support/Resistance trading with top down analysis.

When you are trading the 4H Swing, you need to have a Big Picture view of the Monthly for historical price levels. The Support and Resistance SnR, are based on the Weekly and Daily, the 4Hr is the setup timeframes.

When day trading, the 4Hr SnR, 1Hr SnR are important to look for trade setup in the lower timeframes for example M30, M15 and M5.

That UJ trade is event driven ... market reaction to these two gentlemen. There will be a lot of sudden moves in the G10 currencies.
The setup is Arjun candle. The TIMING is the 1Hr.


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,894
  • Mar 3, 2024 6:15pm Mar 3, 2024 6:15pm
Quoting tommydoginti
{quote} Hi Kenergy1 I can only speak from perspective of BigE’s TMS method rules on both m15 and m30 there was a LHLL downtrend formation. Depending on the enter timeframe of your choice, the entry time would be slightly different. But bias was sell and enter sells at TDI cross down On m30 there was another TMS sell setup at break-rejection, Price failed to break prev high. trade well m15 from my previous post {image} m30 {image}
hey @tommydog...

Experienced TMS 5-Method traders do not trade those TDI fakeys.

To avoid those TDI fakeys, experienced traders look at the price action of the opening and closing of candles ... not the indicators like the Stochastics, RSI/MA, TDI, and also the HeikenAshi,etc .

Attached Image (click to enlarge)
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,895
  • Mar 3, 2024 6:21pm Mar 3, 2024 6:21pm
Quoting T4Trade
{quote} Dear Big Emm, i have tried searching this info for almost 8 hours but didnt found on forex factory and google,please tell me what does the dotted candidates line represent? are they future lines or past historical lines? please give as much information you have thank you. {image}
hi @T4Trade

those lines can only be based on past price data.

any projection to the present can be anything like pivots studies, ATR projections, etc.

Big EMM


Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,896
  • Mar 4, 2024 12:58am Mar 4, 2024 12:58am
Quoting LODfx
{quote} Wonderful. Been studying all your posts on BigE's TMS method. Its amazing. I wan to beg you for your exact script " TMS + #647 " I have the tdi by tuan louis but i need the bullish and bearish color background (red and green) on the "tms + #647" indicator exactly like yours. Pleeeeeeease. I dont mind having the code.
Hi LODfx

I have shared my older version of alert indicator with a handful of TMS traders here, given they have been around for a while and we have communicated via post and/or PM.

If you are really into the TMS method, I would share with you the code in Pinescript. But I would ask you to share some charts of yours to show you understand the method.

The older version is based on Previius Highs and Lows and Trend. From post #647.

The one I am using also applied rejection and reversals. Excuse me for not wanting to share the current version as I use it for myself for timely trade executions even I am working/travelling. There is no incentive for me.

thank you for understanding. Will post some charts after my flight lands.

trade well
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  • #145,897
  • Mar 4, 2024 1:04am Mar 4, 2024 1:04am
Quoting tommydoginti
{quote} GU TMS buy setup. Took a screenshot when the TDI cross up and a TMS buy setup is completed {image} Previous low Rejection (back into previous level = fakeout) TDI cross up {image} US bad data with high chance of price reaching previous highs {image} Have a nice weekend
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GU buy entry.

In previous post, TMS buy setup formed at m15 after news. Same at m30. Actual position entered based on m30 TDI cross up. Whichever timeframe to enter is up to personal choice as TMS works on any timeframes


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  • #145,898
  • Mar 4, 2024 1:51am Mar 4, 2024 1:51am
Quoting tommydoginti
{quote} {image} GU buy entry. In previous post, TMS buy setup formed at m15 after news. Same at m30. Actual position entered based on m30 TDI cross up. Whichever timeframe to enter is up to personal choice as TMS works on any timeframes {image}
TP before take off.

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  • #145,899
  • Mar 4, 2024 2:28am Mar 4, 2024 2:28am
Quoting kenergy1
{quote} Trying to understand the entry on this +6R trade, where was the clue? PA with S/R on the 4 Hour chart here? are you reading PA on the LTF and then to HTF for entry? I post what I see here. For whatever reason it is much less obvious to me on the M30 chart. {image}

Quoting emmanuel7788
{quote} hi @kenergy1 The 'clue' is in the OP's posts when you can put together all his posts into a big puzzle. The OP' 5-Method is Price Action and Support/Resistance trading with top down analysis. When you are trading the 4H Swing, you need to have a Big Picture view of the Monthly for historical price levels. The Support and Resistance SnR, are based on the Weekly and Daily, the 4Hr is the setup timeframes. When day trading, the 4Hr SnR, 1Hr SnR are important to look for trade setup in the lower timeframes for example M30, M15 and M5. That UJ...
here is GBPNZD example for this week.

Monthly levels violet lines

Weekly level DarkOrange lines

Daily SnR red lines

4Hr SnR green lines


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M15 setup with small SL


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #145,900
  • Mar 4, 2024 2:52am Mar 4, 2024 2:52am
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Quoting eelfranz
/// 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......

When you make the transition to trade the 4Hr, FO is during the 4Hour trade window,...

taking clean trades without the TDI.

GBPNZD Mar 04 Frankfurt Open

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