Trading Made Simple | Page 7435 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

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

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #148,681
  • Oct 17, 2024 12:15pm Oct 17, 2024 12:15pm
Quoting tommydoginti
{quote} {image} Using HA candle to show how BigE’s post #647 applies in trading TMS method {image}

@tommydog...

Obviously you have not read all Big E posts on how to scalp. He would not trade the 5-minute against TMS' 4Hr Price Action.
His explanation was very simple, you wont get any 5R to 9R trade profits when you scalp against the 4Hr Price Action.

Always scalp in the direction of the 4Hr because it run 3 to 8 candles.

This thread is not about scalping

https://www.forexfactory.com/thread/...29#post4579729

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #486.png Size: 40 KB


Big E' posts on scalping the 4Hr

https://www.forexfactory.com/thread/...10#post4423010

https://www.forexfactory.com/thread/...04#post4517204

https://www.forexfactory.com/thread/...56#post4569656

https://www.forexfactory.com/thread/...28#post4575828

https://www.forexfactory.com/thread/...94#post3303994
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,682
  • Oct 17, 2024 12:27pm Oct 17, 2024 12:27pm
Quoting MaDxPT
{quote} Ok how would u approach it? I waited for 68 cross on the high, what more could I incoporate on this scenario? Cheers.

@MaDxPT

I have been here since 2012 after the OP died in Oct 2012.

Reading your posts I do not know you and how many years experience trading the market.

Take the advice of the OP in his post below:

Attached Image (click to enlarge)
Click to Enlarge Name: Big E 3805.png Size: 29 KB


It is unlikely you will make it to become a profitable trader in 2 to 3 years starting first time now.

However, if you want to learn and learn fast, then start at the old thread. #336

Good luck!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,683
  • Oct 17, 2024 12:29pm Oct 17, 2024 12:29pm
==============================================================

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.

Post #647 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
  • #148,684
  • Oct 17, 2024 12:36pm Oct 17, 2024 12:36pm
Quoting Paolino
{quote} Can you explain how to produce the backtest graph you posted? I mean, which data did you use for plotting that graph. Thank you
You can use ForexTester 4.0 software. Many members here use that.

I developed my own MT4 tester with different input parameters for example setup entries and exits conditions, different risk to reward, ...

I have the price data from my live broker for almost the last 20 years.

For the GU tests, my entries are based on Daily S/U candles without the TDI,

based on these posts:

https://www.forexfactory.com/thread/...62#post4803962

https://www.forexfactory.com/thread/...18#post4619118


Attached Image (click to enlarge)
Click to Enlarge Name: Big E #3287.png Size: 90 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily RR 1to5 17-10-2024 7-52-49 pm.png Size: 8 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,685
  • Oct 17, 2024 12:46pm Oct 17, 2024 12:46pm
Quoting 1dominican
GBPUSD 1 LONG {image}

trading against the Daily will not give you +5R to +9R

when you trade the LTF and intraday ... always trade in the direction of the Daily and Weekly where the potential to Let Profit Run is good.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Oct17 Daily V19 NYO 17-10-2024 9-22-38 pm.png Size: 44 KB

GU Daily R:R 1to5

- enter the buy or sell in the direction of the Daily

Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily RR 1to5 17-10-2024 7-52-49 pm.png Size: 8 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,686
  • Oct 17, 2024 12:53pm Oct 17, 2024 12:53pm
Quoting emmanuel7788
Today Oct 17 {image} What to trade ? {image} TMS-II 5-Method trades you only need 3 good days per week, {image} {image} {image} ...

Today's GER30 trades closed

- one loss I am not going to beat myself over this

- be consistent like the OP and make $1,000 per day his post #7555


Attached Image (click to enlarge)
Click to Enlarge Name: GER30 Oct17 trades closed 17-10-2024 9-27-06 pm.png Size: 179 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,687
  • Oct 17, 2024 12:57pm Oct 17, 2024 12:57pm
EURGBP Oct17 New York session


- TMS_V19 technical analysis you have all the information on the chart

- come back tomorrow

Attached Image (click to enlarge)
Click to Enlarge Name: EG Oct17 Daily bounce 18-10-2024 1-54-58 am.png Size: 45 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,688
  • Oct 17, 2024 1:01pm Oct 17, 2024 1:01pm
AUDJPY Oct17

- small candles

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Oct17 small candle 18-10-2024 1-59-13 am.png Size: 41 KB

- do not trade this unless you want to Hope and Pray for a few days

@tommydog... 14 hours Hope and Pray


Attached Image (click to enlarge)
Click to Enlarge Name: tommydog GU sell hope and pray 14 hours 16-8-2023 2-02-42 pm.png Size: 125 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,689
  • Oct 17, 2024 7:10pm Oct 17, 2024 7:10pm
Quoting tommydoginti
{quote} Hi MaDxPT my view on USDCAD. {image} If go with trend, go for HHHL LHLL formation. For reversal/range, go with strong rejections. (Sometimes as Fake out as other call) Last H was broken after the strong rejection and TMS buy setup. I would look for more confirmations with BigE’s TMS price actions. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 167037B2-BCE5-44CA-88E6-FC95D31A58F6.jpeg Size: 717 KB

Attached Image (click to enlarge)
Click to Enlarge Name: D3090FA1-C8A8-4FAC-9FED-9E29FE384183.jpeg Size: 657 KB



USDCAD update,

Getting ready..

Attached Image (click to enlarge)
Click to Enlarge Name: 23E6BA1A-6952-4D13-978F-9DCFEB777D2A.jpeg Size: 667 KB
  • #148,690
  • Oct 17, 2024 7:18pm Oct 17, 2024 7:18pm
Quoting tommydoginti
{quote} {image} Using HA candle to show how BigE’s post #647 applies in trading TMS method {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 381A998A-3E6A-47D1-AD97-1476929B29A1.jpeg Size: 652 KB



GU follow up.

After higher high formed, another TMS buy setup as higher low formed.

Follow BigE’s TMS method with post #647
Previous highs and lows
Trend
Rejections and last reversals
TDI signals

Attached Image (click to enlarge)
Click to Enlarge Name: 0DA5E508-C494-4B78-93FD-D2F4897E9444.jpeg Size: 725 KB
  • #148,691
  • Oct 17, 2024 7:34pm Oct 17, 2024 7:34pm
Quoting tommydoginti
{quote} Hi Tony228, You can follow BigE’s post #647 with two elements. Bear in mind you cannot predict the market. Previous highs and lows Rejections and last reversals When price is trending, price will form HHHL, LHLL patterns. Once this pattern breaks, price may reverse and trend may stop/change. 1. You wait for a pull back. Higher lows will form as price is rejected, possible buy opportunities for pullbacks if you wish. 2. Price retested previous high and rejected without breaking. At this point you can look for sell continuation. These are...
Attached Image (click to enlarge)
Click to Enlarge Name: 5B89F8C6-C613-421E-9A72-0F0FC6E8CC6B.jpeg Size: 834 KB



People ask how to trade TMS method in ranging market. Others ask how to confirm when price is in range.

TMS traders do not predict the market. Using Previous Highs and Lows as the TMS price action, we trade the TMS setups until confirming the market going into range, as price lose trend and momentum

Buying at dip and selling at tops as the price range narrowing, traders have much room to manage the positions.

NU update

Attached Image (click to enlarge)
Click to Enlarge Name: 0C8E312C-D7F8-4E5C-8660-FAFCECF46E8B.jpeg Size: 874 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 64721B15-FE65-42A1-96D0-2CF2EDB93475.jpeg Size: 867 KB
  • #148,692
  • Oct 17, 2024 7:45pm Oct 17, 2024 7:45pm
Quoting emmanuel7788
{quote} in agreement with TMS_V19 technical analysis - Trend 2/8 is bearish now - dynamic entry in LTF {image}
Hi Emmanuel,

How many time you and I have keep telling traders here, BigE's TMS method is not blindly trading any TDI signals.

The TMS_V19 tool you use, the first things it looks is the TDI. It does not take account into other Price Actions from the TMS method.

If you use the tool that blindly gives signals with TDI as first priority, you will end up losing.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 103 KB


Mark BigE's words
I know there is no way to stop others from adding other indicators. It's human nature. I would appreciate it if you did not post those indicators on this thread. Please start your own thread if necessary. It's a lot of work.

Trade well
  • #148,693
  • Oct 17, 2024 8:09pm Oct 17, 2024 8:09pm
Quoting 1dominican
{quote} but you are wrong the first red HA does not define a swing high. you need to see the real bars high and low. no the HA For a swing high upper point is surrounded by lower maximums. then if and inside bar or engulfing is printed or if price closes below any ma you GO short with stoploss above last swing high
Hi 1dominican,

I hope this shows you the reason why BigE repeatedly mentioned about the TMS entry rules.

No HA color change, another day, even higher price. The upward swing has not confirmed to end yet, so you still cannot determine the swing high yet.

Attached Image (click to enlarge)
Click to Enlarge Name: C3339312-10D1-466F-B61F-0BFD000AEA5D.jpeg Size: 581 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 0AFF29EC-2D9F-4B74-B0C3-1CFF9A277340.jpeg Size: 553 KB


Attached Image (click to enlarge)
Click to Enlarge Name: D353B3EB-F30A-4AB6-9E70-DE0C39C75C48.jpeg Size: 340 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 51747A4A-6B0C-4F42-BD89-AE27D252969B.jpeg Size: 957 KB


trade well
  • #148,694
  • Oct 17, 2024 8:14pm Oct 17, 2024 8:14pm
Quoting tommydoginti
{quote} {image} GU follow up. After higher high formed, another TMS buy setup as higher low formed. Follow BigE’s TMS method with post #647 Previous highs and lows Trend Rejections and last reversals TDI signals {image}
GU for TMS traders trading H4.

Will there be buy in next TDI signal?

Attached Image (click to enlarge)
Click to Enlarge Name: A44FE991-9183-4604-A991-997BE41CF132.png Size: 81 KB
  • #148,695
  • Edited 8:50pm Oct 17, 2024 8:37pm | Edited 8:50pm
Quoting eelfranz
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...

Follow the above post #336 make a jump back to his previous thread where the 5-Method started,
but read from post#1 till the post when he made the jump to this new thread.

#97
Attached Image (click to enlarge)
Click to Enlarge Name: Biog E CHS #97.png Size: 39 KB


> how many of you have watched those tutorial videos he mentioned and posted links in page 1 and 2?
> you will learn the core price action elements of the original 5-Method before the Stoch, RSI , MACD, CCI, and TDI were added by traders and learn a few system development concepts.
> 5-Method Price Action trading was pervasive in the mid-1980s into the 1990s
> many well known traders build their trading system based on the foundation of the 5-Method Price Action
> Big E learned and 'copied' elements of other systems, he was always tweeking, re-fining , testing new additions to his own trading
> Trading Made Simple is not his final system version.
> He developed an advance version mentioned in his skype group but he fell very ill in June 2011 and did not release that advanced version.

Today Oct 18, Friday would be a good day to trade GBPUSD,

Attached Image (click to enlarge)
Click to Enlarge Name: FF Cal Oct18 GBP 18-10-2024 9-27-42 am.png Size: 8 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,696
  • Oct 17, 2024 9:10pm Oct 17, 2024 9:10pm
Trading Made Simple V19 Expert Advisor

TMS_V19 technical analysis has many features to make your trade pre-planning a lot easier and has most of the Price Action elements mentioned in post #647 included ... its All-In-One MT4 chart template.
The Basics of TMS 5-Method in post #261 are fully incorporated.

For those who trade multiple pairs, MT4 version TMS_V19 in your PC will send you alerts for all selected timeframes - M15, M30, H1, H4 ... and you do not need to have all timeframes charts open. Just run the TMS_V19 template on one single chart H4 and you will get alert for the lower timeframes. I trade using my mobile at anytime and I have my EA running in my VPS trade server 24 hours every day.

USDCAD Oct 18 UPDATE:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct18 V19 Daily UPDATE 18-10-2024 9-51-30 am.png Size: 45 KB

- above is the Daily which is my favourite timeframe for Swing Trading

- you can use this without having the need to do your trade planning and watch-list when day trading

- but for the advance traders, we prefer to do our own WTDA before looking at TMS_V19 charts

WTDA = Weekly Top Down Analysis.

- the main benefit of doing WTDA is to enable traders to look for potential trades that will run +9R to +12R sometimes +15R profits.

- +5R to +9R trades are eaey when you have mastered the 5-Method and trade without indicators. This is TMS NITS as in thread link below
https://www.forexfactory.com/thread/...trading-system


Stay Tuned for more...

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,697
  • Oct 17, 2024 9:17pm Oct 17, 2024 9:17pm
Quoting emmanuel7788
Trading Made Simple V19 Expert Advisor TMS_V19 technical analysis has many features to make your trade pre-planning a lot easier and has most of the Price Action elements mentioned in post #647 included ... its All-In-One MT4 chart template. The Basics of TMS 5-Method in post #261 are fully incorporated. For those who trade multiple pairs, MT4 version TMS_V19 in your PC will send you alerts for all selected timeframes - M15, M30, H1, H4 ... and you do not need to have all timeframes charts open. Just run the TMS_V19 template on one single chart...

Friday Oct 18 day-trading and swing trading ,

USDCAD Oct 18 H4

Since it is Friday, like Big E , I would not be taking any 4Hr trades on H4

TMS_V19 H4 Tokyo 11am

- no 4Hr reversal trade today .. quick and easy decision now.

- we already know the Daily from my above post #148,969

- today follow post #281, trade any timeframe below 4Hr ... H1, M30, M15 but follow the 4Hr candles Price Action

- have your TMS_V19 template for the timeframe you want to trade

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct18 H4 V19 18-10-2024 10-11-45 am.png Size: 42 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,698
  • Oct 17, 2024 9:22pm Oct 17, 2024 9:22pm
Quoting emmanuel7788
{quote} Friday Oct 18 day-trading and swing trading , USDCAD Oct 18 H4 Since it is Friday, like Big E , I would not be taking any 4Hr trades on H4 TMS_V19 H4 Tokyo 11am - no 4Hr reversal trade today .. quick and easy decision now. - we already know the Daily from my above post #148,969 - today follow post #281, trade any timeframe below 4Hr ... H1, M30, M15 but follow the 4Hr candles Price Action - have your TMS_V19 template for the timeframe you want to trade {image}...

Friday Oct18 ***LIVE***

First Price Action setup for today

USDCAD Oct M15

- post#647 Price Action

- last reversal big candle, small candle, bigger candle .... has a name BUEOB

- this PA setup has what Big E' described as the "Traders Edge" - do you know what is "Traders Edge"

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct 18 M15 first singal of rtoday 18-10-2024 10-19-15 am.png Size: 43 KB



,,,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,699
  • Oct 17, 2024 9:40pm Oct 17, 2024 9:40pm
Quoting emmanuel7788
{quote} hey TMS Folks I received a few PMs from members here on how to trade TMS with Blessing3 EA. A few members want to diversify from manual trading to semi-automated trading... I will consolidate all the questions and requests and will post my reply here later. Be patient. In the meatime, please read all the OP posts starting at post #1 up to #12,912, and at some point you will have to follow his post and go to his old thread and learn fast his 5-Method. ...

Trading Made Simple using Blessing3 Expert Advisor

USDCAD Oct 18 semi-automated trading

For all those who are running semi-automated trading using Blessing3 EA,

based on TMS_V19 technical analysis in the above post,

the Blessing3 setting for FMC is 0 (buy mode)

- you decide if you trade TMS SESE - Single Entry / Single Exit

- or TMS MEME - multiple entries / multple exits, which is my preferred when trading in range-bound market.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148,700
  • Oct 17, 2024 10:04pm Oct 17, 2024 10:04pm
Quoting emmanuel7788
{quote} Trading Made Simple using Blessing3 Expert Advisor USDCAD Oct 18 semi-automated trading For all those who are running semi-automated trading using Blessing3 EA, based on TMS_V19 technical analysis in the above post, the Blessing3 setting for FMC is 0 (buy mode) - you decide if you trade TMS SESE - Single Entry / Single Exit - or TMS MEME - multiple entries / multple exits, which is my preferred when trading in range-bound market. ...
Hi Emmanuel,

Do you know why BigE said this? He made a very good point of why not to rely on EA to trade in another post.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB



Do not lead the other traders into your rabbit hole of averaging down... You will lead them into blowing accounts like what you did in the past few years...

You said it yourself, you suffered huge drawdown once to twice a year... And you showed us how bad this can be doing average down trading. You buy at top, hold and add to the losing buy positions, and averaged down for over 2 weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 77 KB
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 47 KB
44 traders viewing now