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Trading Made Simple

  • #146,261
  • May 24, 2024 4:01pm May 24, 2024 4:01pm
hello hello hello
@emmanuel7788, @mosiskv, @tommydoginty and everyone @ FF


Did you know? you guys are so great.

Initially, I created an account on FF just to watch DXY news, because my English speaking ability was limited. Sometime, I went to threads to see comments.
Recently, I started spending time accessing FF to read posts, comments and replies, learning every line of everyone's comments, because I am preparing for the future, maybe next year I will spend full-time trading forex.

You quote and reply to each of my comments, this has motivated me to try to learn from FF, from you guys a lot to be successful on this path.
You guys are so amazing, FF is so amazing.
Heo Con Lon Ton | FX and Commodities Trader
  • #146,262
  • May 24, 2024 8:13pm May 24, 2024 8:13pm
Quoting m1ch43l
hello hello hello @emmanuel7788, @mosiskv, @tommydoginty and everyone @ FF Did you know? you guys are so great. Initially, I created an account on FF just to watch DXY news, because my English speaking ability was limited. Sometime, I went to threads to see comments. Recently, I started spending time accessing FF to read posts, comments and replies, learning every line of everyone's comments, because I am preparing for the future, maybe next year I will spend full-time trading forex. You quote and reply to each of my comments, this has motivated...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,263
  • May 24, 2024 8:15pm May 24, 2024 8:15pm
Quoting m1ch43l
hello hello hello @emmanuel7788, @mosiskv, @tommydoginty and everyone @ FF Did you know? you guys are so great. Initially, I created an account on FF just to watch DXY news, because my English speaking ability was limited. Sometime, I went to threads to see comments. Recently, I started spending time accessing FF to read posts, comments and replies, learning every line of everyone's comments, because I am preparing for the future, maybe next year I will spend full-time trading forex. You quote and reply to each of my comments, this has motivated...
12+ years in this thread, I follow the OP post #296,

and solved his puzzle ...


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,264
  • May 26, 2024 10:25am May 26, 2024 10:25am
Quoting emmanuel7788
{quote} 12+ years in this thread, I follow the OP post #296, and solved his puzzle ... {image} ...
I guess I`m a bit longer here and with Big E since his first posts: The post you cited is NOT from this thread! And the citation is misleading.

Respectfully
Forex37
  • #146,265
  • May 26, 2024 6:53pm May 26, 2024 6:53pm
Quoting Forex37
{quote} I guess I`m a bit longer here and with Big E since his first posts: The post you cited is NOT from this thread! And the citation is misleading. Respectfully Forex37
@Forex37

Please tell us why is that post #296 misleading. I will explain with further posts to share more her.

I follow the trading journey of the eric aka Big E the OP of this thread and I learn everything from him and got to know him better.

It is easy to get to know you too. You joined FF in Oct 2006 and made 588 posts and have started 4 threads. I will learn everything you posted so far.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,266
  • May 26, 2024 7:00pm May 26, 2024 7:00pm
Quoting Forex37
{quote} I guess I`m a bit longer here and with Big E since his first posts: The post you cited is NOT from this thread! And the citation is misleading. Respectfully Forex37

@Forex37

Read this OP' post #670 below.

Quoting eelfranz
If any of you know something BASIC about trading the forex... that's helped you... post it for the benefit of others.. We have many newer traders it can help.

One of the BASIC about trading is System Development and Big E' post #296 had helped me here in the last 12+ years as I did a lot of practice, practice, practice.
It does not take a lifetime to learn to trade. Some people will never learn to trade and make money in their lifetime.
I have solved the puzzle he mentioned in post #296.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,267
  • May 26, 2024 7:25pm May 26, 2024 7:25pm
Quoting Forex37
{quote} I guess I`m a bit longer here and with Big E since his first posts: The post you cited is NOT from this thread! And the citation is misleading. Respectfully Forex37

@Forex37

I am sure you read this OP' last post @12,912 before he died in Oct 2012.

Quoting eelfranz
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. Snarlyjack - Good to hear from you old friend. We have stood back to back in battle more than a few times. May your trades be blessed buddy. Come visit more often. Big E
When I was reading this thread it led me to the old thread where the 5-Method started.
This thread is for intermediate+ level traders.

#3805

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For those who have tried and still struggling to make money with TMS 5-Method, then the OP was right back then in March 2011.




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,268
  • May 27, 2024 6:56am May 27, 2024 6:56am
Hello @emmanuel,
A few days ago, I attempted to grasp your trading method involving EMA and other indicators. Despite backtesting and dedicating time to it, I realized that my understanding of this strategy might be limited or it didn't suit me. Could you share if you utilize any strategies beyond indicators? I've tried Price Action, SMCs, and various indicators, but ultimately faced a loss of capital. I would appreciate guidance on understanding these strategies.
Additionally, if you have any advice on what I should focus on improving as a beginner to become profitable, please let me know.
  • #146,269
  • May 27, 2024 8:02am May 27, 2024 8:02am
Quoting killurego
Its very sad to see this thread slowly moved far away from the original trade setup BigE advised...
There are two main pitfalls for traders to mistaken themself “progressing” or “advancing” in trading skills and profitability.

1st being Trading Made Complicated. Adding more and more indicators, changing from one template to another. This “holy grail seeking” behaviour not only deviate a trader from the actual TMS method, but greatly reducing the trade profitability.

2nd is the ignorant mindset of “I trade naked chart so I am better”.
As BigE has mentioned, “…[i] traders can trade with naked chart, but TDI just gives me more information”.
We see traders attempt to remove TDI, a single indicator, from the chart by coming up with multiple elements to replace it. Same as 1, it just make trade complicated.

BigE said he can trade with naked chart, yet he spent 2+ years to develop a method with TDI signals with simple price action confirmation (post #647).
TMS tools are like headlights and mirrors in the car, there is no point ripping them off simply because one has been driving for years, and sure doing this do not make one a better driver.

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trade well
  • #146,270
  • May 27, 2024 8:14am May 27, 2024 8:14am
Quoting Forex37
{quote} I guess I`m a bit longer here and with Big E since his first posts: The post you cited is NOT from this thread! And the citation is misleading. Respectfully Forex37
The actual progression in trading profitability, is reflected by profitability itself.

If traders really focus on practicing BigE’s TMS rules, it is clear the method works (just like many other working methods).

2021 full year, 470 trades for 55% growth
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2023, 8 months, 157 trades and 100%
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And the way to trade TMS is exactly the same, but improving in picking good TMS setups and reducing chart time. 3+ years with exactly same method.
(2021 vs 2023 chart)
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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
__________________
  • #146,271
  • May 27, 2024 8:19am May 27, 2024 8:19am
Quoting NolanFelix
Hello @emmanuel, A few days ago, I attempted to grasp your trading method involving EMA and other indicators. Despite backtesting and dedicating time to it, I realized that my understanding of this strategy might be limited or it didn't suit me. Could you share if you utilize any strategies beyond indicators? I've tried Price Action, SMCs, and various indicators, but ultimately faced a loss of capital. I would appreciate guidance on understanding these strategies. Additionally, if you have any advice on what I should focus on improving as a beginner...
The problem you have is jumping from method to method. You won’t get to profitability and consistency until you focus on one.

trade well.

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  • #146,272
  • May 27, 2024 5:34pm May 27, 2024 5:34pm
Quoting emmanuel7788
{quote} XAU May24 H4 London 8am - big candle, small candle, bigger candle ... POP Gun setup - which direction will it pop? {image} ...

XAU May28 UPDATE Sydney Open

- PA bounce from the WCC Low

- looking for high probability PA buy setups


TMS Basic chart template

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TMS_EVO_IX chart

- look at Previous Price Action PPA for Support/Resistance
- look at price action at BRN 2400 and confluence of PPA, MAs,
- look at the herd trading with moving average 10EMA, 50EMA and 200EMA

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,273
  • May 27, 2024 6:08pm May 27, 2024 6:08pm
Quoting NolanFelix
Hello @emmanuel, A few days ago, I attempted to grasp your trading method involving EMA and other indicators. Despite backtesting and dedicating time to it, I realized that my understanding of this strategy might be limited or it didn't suit me. Could you share if you utilize any strategies beyond indicators? I've tried Price Action, SMCs, and various indicators, but ultimately faced a loss of capital. I would appreciate guidance on understanding these strategies. Additionally, if you have any advice on what I should focus on improving...
@NolanFelix

Sorry I am busy this week with the month-end closing and also with members in their Telegram groups. I am working to hit my 400% this month.... .

There is a lot to learn as a beginner. Post #647 ... babypips.com school is not enough.

I was a beginner too and I followed the trading journey of the OP Big E in Forex Factory and learn everything he posted. I learned that you need to know a lot more that Big E to become profitable and be consistently profitable over a long term.

First most important is to learn and master his 5-Method. You have to go back to his old thread and learn faster there. Post #336.

His post #160 below.

Quoting eelfranz
Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too. Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...
Stay Tuned for more as I will post more to help beginners here.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,274
  • May 27, 2024 7:06pm May 27, 2024 7:06pm
Quoting eelfranz
Training Chart - example ///. Take time to learn to read your candles and what their trying to shout at you as well as your TDI signals... This is all BASIC FX things you need to know and recgonize... {image}

Training Chart

"Take time to learn to read your candles and what their trying to shout at you as well as your TDI signals... "
This is important for TMS_EVO traders. You need to be intermediate + traders ... i.e. traders with more than 10 years active trading experience Big E' post #3805


EU May28 Daily

Candlesticks chart

- Double Bars Low

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HA candles

- small HA candle body

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> Do you have the confidence to trade the normal candlesticks chart?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,275
  • May 27, 2024 7:18pm May 27, 2024 7:18pm
Quoting emmanuel7788
{quote} Training Chart "Take time to learn to read your candles and what their trying to shout at you as well as your TDI signals... " This is important for TMS_EVO traders. You need to be intermediate + traders ... i.e. traders with more than 10 years active trading experience Big E' post #3805 EU May28 Daily Candlesticks chart - Double Bars Low {image} HA candles - small HA candle body {image} > Do you have the confidence to trade the normal candlesticks chart? ...

Most traders need technical indicator to help them make trading decisions.

The OP was one who used indicators to give him confidence. The TDI was his helping indicator when he was jumping from one method to another.... post #202.

Quoting eelfranz
Good Morning Everyone... Thanks for all of your posts and help. This thread is about The Craig Harris Method really using the TDI as a helping indicator to guide us for entries & exits to completion. Big E
Some traders use the MACD to replicate the TDI

@Robinhood just introduced another RHO version to make trading simpler.
https://www.forexfactory.com/thread/...0#post14872350
This may help some of you to take higher probability trade setups.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,276
  • May 27, 2024 7:35pm May 27, 2024 7:35pm
Quoting eelfranz
Training Chart - example only Look at the last short... The first red candle doesn't count... it's a nothin'... barely a speck... On my FXDD Charts the second candle is the entry candle barely... The TDI is at a 4 o'clock angle...on the next candle the TDI green line drops to a 5 o'clock angle.... TDI looks good with Stochs confirming... Flashing light, flashing light.... look at the wick pullback on the big candle !!!!! wow... I'm expecting a short lived trade... next candle is at the bottom of the TDI check mark with another candle pullback......

Training Chart - Price Action basics

- its the same repeated over and over again ...

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> how many types of Price Action setups have your learned and mastered?



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,277
  • May 27, 2024 7:39pm May 27, 2024 7:39pm
Quoting emmanuel7788
{quote} @NolanFelix Sorry I am busy this week with the month-end closing and also with members in their Telegram groups. I am working to hit my 400% this month.... . There is a lot to learn as a beginner. Post #647 ... babypips.com school is not enough. I was a beginner too and I followed the trading journey of the OP Big E in Forex Factory and learn everything he posted. I learned that you need to know a lot more that Big E to become profitable and be consistently profitable over a long term. First most important is to learn and...

Week 22 May 27 to 31

> Month-End trading

> should be another good trading week to help me towards my 400% target


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,278
  • May 27, 2024 8:35pm May 27, 2024 8:35pm
Quoting tommydoginti
{quote} The actual progression in trading profitability, is reflected by profitability itself. If traders really focus on practicing BigE’s TMS rules, it is clear the method works (just like many other working methods). 2021 full year, 470 trades for 55% growth {image} {image} 2023, 8 months, 157 trades and 100% {image} {image} And the way to trade TMS is exactly the same, but improving in picking good TMS setups and reducing chart time. 3+ years with exactly same method. (2021 vs 2023 chart) {image} {image} ==== Trading Made Simple 3 year summary...

Trading with the TDI signals with BigE’s TMS rules.

Confirmation with price actions from post #647
previous highs and lows
trend
rejections and last reversals

enter trades with TDI signals in line of the trend direction.
(when trade direction is decided, alerts can be set for TDI signals for buy/sell)

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  • #146,279
  • May 27, 2024 9:01pm May 27, 2024 9:01pm
Quoting tommydoginti
{quote} Trading with the TDI signals with BigE’s TMS rules. Confirmation with price actions from post #647 previous highs and lows trend rejections and last reversals enter trades with TDI signals in line of the trend direction. (when trade direction is decided, alerts can be set for TDI signals for buy/sell) {image}

hey @tommydog....

I think you got it WRONG!. Its the other way around.

> First most important is the Price Action and Support/Resistance, and the market type conditions as mentioned in post#647

> Next would be the Stoch(8,3,3) signal posy #261

> the TDI signal is the RSI green price line Slope which is more important than what the red line is doing because the red line is a slower moving average of the RSI data and it lags the green line. post #7739

> you need to make a thorough investigation post #2846 .... better check everything before taking any trade.

> on hindsight, all your charts chart looks very nice

TMS_EVO_IX chart


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Big E' TMS 5-Method chart

> take note of the Stoch(8,3,3) ... its way above its 70-level

> TDI' RSI green price line is flat and the red line is ______ ? the green line slope lags the red line ...

> what is the overall market type conditions ?

> we trade the CONTINUATION of the 'trend'/swing .

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,280
  • May 27, 2024 9:15pm May 27, 2024 9:15pm
Quoting tommydoginti
{quote} Trading with the TDI signals with BigE’s TMS rules. Confirmation with price actions from post #647 previous highs and lows trend rejections and last reversals enter trades with TDI signals in line of the trend direction. (when trade direction is decided, alerts can be set for TDI signals for buy/sell) {image}

@tommydog....

Follow Big E' post #281 below.

You got euphoric with a few winners trading those thrash timeframes ... post#119

Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Check your Weekly chart, we have a Weekly big candle #647 ... that indicates the market type condition is sideways.
We adapt our trading and money management to trade this sideways market conditions.
Below is my H4 chart with the Weekly candles.
The Weekly has a WCC. Look at the WCC High-Low, it can act as support and resistance in LTF.
We buy the CONTINUATION and managing risk in these market conditions, look the the left ... the most recent previous price action PPA , last week' candle OHLC can play as resistance later on today.


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