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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

Attachments: Trading Made Simple
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Trading Made Simple

Quoting E7i
Keep up the work Emmanuel. I check this thread for fun here and there and I respect your consistency.

Thank you for your kind words and encouragement.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
thanks for the explanations

but I got thrown out, too bad
Girelli
Sorry for my English: Google translator
Quoting Girelli
thanks for the explanations but I got thrown out, too bad Girelli

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.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} EU Nov 01 London 9am 4Hr do you see the problem with the H4 chart ? {image}

Attached Image (click to enlarge)
Click to Enlarge Name: EU Nov01 Pacific 2am 1-11-2024 5-04-17 pm.png Size: 43 KB



...
now compare the chart above and this one below,

can you spot the problem ?

Attached Image (click to enlarge)
Click to Enlarge Name: EU Nov 01 NYO 0859AM 1-11-2024 8-58-51 pm.png Size: 45 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
check out dis one
look good for long
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Hi Guys!
Could you please give me a link about The 5-method? I can't find it. Thank you! Have a nice Saturday!
Quoting havenoidea
check out dis one look good for long {image}
In my opinion, it looks an long trade. But close to swing high.
Quoting havenoidea
check out dis one look good for long {image}



Quoting tony228
{quote} In my opinion, it looks an long trade. But close to swing high.
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

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting fximre
Hi Guys! Could you please give me a link about The 5-method? I can't find it. Thank you! Have a nice Saturday!
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
Quoting cungik89
{quote} can you share this template? thanks
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

Attached Image (click to enlarge)
Click to Enlarge Name: EU Nov01 NFP reject 10900 2-11-2024 9-13-48 am.png Size: 44 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Girelli
thanks for the explanations but I got thrown out, too bad Girelli
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

Attached Image (click to enlarge)
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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
Quoting eelfranz
I hear a lot of grumbling about Sunday trades... I don't trade Sundays because who needs the aggrivation... not me...

Do Not trade Sundays like today ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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
Quoting emmanuel7788
Week 45 Nov 04 to 09 Money making week for speculators, {image} ...

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
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
Quoting emmanuel7788
Week 45 Nov 04 to 09 Money making week for speculators, {image} ...

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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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Trading Made Simple with Day Open

GJ Nov 04 Tokyo 10am

- rather conservative when the ADR(100) days is 180pips

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Trading Made Simple with Day Open

EU Nov 04 Tokyo 1050am

- Gap not closed

- conservative exits TP1 and TP2,

- TP3 use ADR High

Attached Image (click to enlarge)
Click to Enlarge Name: EU Nov04 DOTS buy 4-11-2024 9-50-39 am.png Size: 23 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
got long dis one, hope this one work well
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GBPUSD Nov 04 BRN

- anything can happen at BRN13000

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