Attachments: Trading Made Simple

Trading Made Simple

#149,041
Nov 1, 2024 8:05am Nov 1, 2024 8:05am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting E7i

Disliked

Keep up the work Emmanuel. I check this thread for fun here and there and I respect your consistency.

Ignored

Thank you for your kind words and encouragement.

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

#149,042
Nov 1, 2024 8:13am Nov 1, 2024 8:13am

Girelli
| Joined Dec 2009 | Status: Trader | 233 Posts | Online Now

thanks for the explanations

but I got thrown out, too bad

Girelli

Sorry for my English: Google translator

#149,043
Nov 1, 2024 8:26am Nov 1, 2024 8:26am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting Girelli

Disliked

thanks for the explanations but I got thrown out, too bad Girelli

Ignored

it is NFP today.

Big E would not trade today.

If you want to trade, then do it on H1 after the NFP data release.

...

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

#149,044
Nov 1, 2024 8:28am Nov 1, 2024 8:28am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting emmanuel7788

Disliked

{quote} EU Nov 01 London 9am 4Hr do you see the problem with the H4 chart ? {image}

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...

Ignored

now compare the chart above and this one below,

can you spot the problem ?

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

#149,045
Nov 1, 2024 9:24am Nov 1, 2024 9:24am

havenoidea
| Joined Apr 2020 | Status: Trader | 528 Posts

check out dis one
look good for long

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#149,046
Nov 1, 2024 10:37am Nov 1, 2024 10:37am

fximre
| Joined Feb 2016 | Status: Trader | 2 Posts

Hi Guys!
Could you please give me a link about The 5-method? I can't find it. Thank you! Have a nice Saturday!

#149,047
Nov 1, 2024 7:34pm Nov 1, 2024 7:34pm

tony228
| Joined Apr 2024 | Status: Trader | 58 Posts

Quoting havenoidea

Disliked

check out dis one look good for long {image}

Ignored

In my opinion, it looks an long trade. But close to swing high.

#149,048
Nov 1, 2024 9:01pm Nov 1, 2024 9:01pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting havenoidea

Disliked

check out dis one look good for long {image}

Ignored

Quoting tony228

Disliked

{quote} In my opinion, it looks an long trade. But close to swing high.

Ignored

there is potential for a +5R to +9R within a range of 280 to 310 pips in the coming weeks in November.

do your WTDA after New York 5pm closed.

TMS Blessing3 is FMC=0

...

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

#149,049
Edited 9:53pm Nov 1, 2024 9:14pm | Edited 9:53pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting fximre

Disliked

Hi Guys! Could you please give me a link about The 5-method? I can't find it. Thank you! Have a nice Saturday!

Ignored

start with the links in this introduction ,

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

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 : click <download>

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

#149,050
Nov 1, 2024 10:29pm Nov 1, 2024 10:29pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting cungik89

Disliked

{quote} can you share this template? thanks

Ignored

I get many PMs asking the same,

> go to post #25,
https://www.forexfactory.com/thread/...49#post4569749

> download those indicators and template.

> post your chart with those,

> I'll explain what you need to do to see these charts:
below

> and trade NFP rejection BRN10900

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

#149,051
Edited 10:31pm Nov 2, 2024 9:34pm | Edited 10:31pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting Girelli

Disliked

thanks for the explanations but I got thrown out, too bad Girelli

Ignored

You can follow-up with your Buy plan when NFP kick you out.

Note the Price Action mentioned in my previous post.
https://www.forexfactory.com/thread/...4#post15048104

H4 12:00 candle is a rejection of the BRN152. The next 4Hr is the new trade window

H1 16:00 4Hr trade window

M15 is the entry TF

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> follow simple rules for entries and exit ... EP, SL(-1R) and TP(+2R)

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

#149,052
Nov 3, 2024 5:44pm Nov 3, 2024 5:44pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting eelfranz

Disliked

I hear a lot of grumbling about Sunday trades... I don't trade Sundays because who needs the aggrivation... not me...

Ignored

Do Not trade Sundays like today ...

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

#149,053
Nov 3, 2024 6:21pm Nov 3, 2024 6:21pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Week 45 Nov 04 to 09

Money making week for speculators,

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

#149,054
Nov 3, 2024 6:24pm Nov 3, 2024 6:24pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting emmanuel7788

Disliked

Week 45 Nov 04 to 09 Money making week for speculators, {image} ...

Ignored

TMS 8 pairs Weekly

Will the outcome of the US elections change the Market Type ?

I trade following the Dominant Primary Trend

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

#149,055
Nov 3, 2024 6:31pm Nov 3, 2024 6:31pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

This week happening,

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Trade the trending pairs and also the potential breakouts,

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

#149,056
Nov 3, 2024 6:37pm Nov 3, 2024 6:37pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting emmanuel7788

Disliked

Week 45 Nov 04 to 09 Money making week for speculators, {image} ...

Ignored

I see 4 pairs for 4H swing trading this week,

> where you "Cut-Losses-Short" is very clear

> and your "Let Profits Run" is much clearer ... that's the trade potential

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