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Monitor for 'Trading Made Simple' system 564 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

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Trading Made Simple

Quoting nguyentrict
{quote} Hello anyone have this version pipware charts for mt5? thanks
SImple solution is to create multi-charts of the currency pair and save each with its own profile name.

Main chart - Weekly
Sub-charts - Daily, H4, H1 and M5

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting crypt0r
///However, I have a fundamental question that, given the sheer volume of information available (almost 150k posts!), can feel overwhelming: how can someone learn the system in a structured and effective way? ////
hi @crypt0r

Common mistake people make in this thread is thinking that the OP shared a system.
There is no system here in this thread.
The OP shared a trading method which is known as the 5-Method which he learned way back in the 1990s.
The 5-Method does not need any technical indicators. The Stochastics(8,3,3) was added , then the Traders_Dynamic_Index, the APB candles, the 5SSMA high-low as the Price Action Channel, etc.

What you need to learn is the 5-Method and to master trading the 5-method without any of the lagging indicators.

These OP posts:
you can trade without the TDI

#3044Jan 20, 2011

#3103Jan 26, 2011

#3418Feb 12, 2011

#2617May 16, 2011

#296 Nov 4, 2008

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting lynnc
{quote} Its just the macd set to 2,13,7 instead of 12,26,9

Its not 'just macd set to 2,13,7'.

To trade the 5-Method according to post #647, traders use three other macd settings to pick the best trade setups and market conditions.

You still do not know what you do not know.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting iwan73
{quote} I know this basic staff. I just like the idea of different colours of histogram above and below 0 line. And also idea of a line connecting tops of each histogram bar. I don't have this kind of Macd indi in my collection.

You can use the MACD in this post linked below:

https://www.forexfactory.com/thread/...2#post15074682

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting nguyentrict
{quote} {image}What your trade with this image ?
I mentioned in this post above.

https://www.forexfactory.com/thread/...3#post15142033

Reason not to trade the 4Hr on Friday is the NFP during the New York session.

And since there was NFP, I closed my SESE trade and open MEME sell before NFP release.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Japanese pairs has been giving bounce signals all day in the Asian session. So i grabbed it!

Lines marking the candle that opened and i entry. Do correct me if i make any mistakes.
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Week 07, Feb 10

- know which session to trade and plan your trades,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...

Know the 8 pairs of the OP and the Market Type conditions when we trade the 4Hr ,

Market Types:

  1. Trending
  2. Sideways Ranging


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Click to Enlarge Name: TMS Pars Feb10 LO Weekly 10-2-2025 5-13-39 pm.png Size: 53 KB

> know why he would close his 4Hr trades at Pacific 6am

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quick question, do you consider this already crossed, or wait for the next candle to open to confirm the cross and entry?
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Quoting gnomefan
Quick question, do you consider this already crossed, or wait for the next candle to open to confirm the cross and entry?{image}
Simple answer is : NO.
Without the price chart above this is useless. You need to post the full chart with the OP' chart template

Study post #1, post #11, post #261 and post #647 then you will find your own answer to that green and red line.

Example USDCAD Feb11 Daily chart:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Thanks for the reply Emmanuel.

Looking at the posts you shared,

Quoting eelfranz
I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed.
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor.
i understand that we should enter the trade after the cross. So the previous chart i shared is not yet valid. We should wait for the next candle to open to confirm the cross.

Thank you for pointing that out!
Quoting gnomefan
Thanks for the reply Emmanuel. Looking at the posts you shared, {quote} {quote} i understand that we should enter the trade after the cross. So the previous chart i shared is not yet valid. We should wait for the next candle to open to confirm the cross. Thank you for pointing that out!

Most traders here focus on the TDI cross and all lost money.
The TDI is only a helping indicator. The method here is the 5-Method.

Remember you need to read all the OP's posts and take notes of all he said and learn to read the candles on your charts.

Go back to the old thread and start from there.

Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
2scoops asked me a long time ago 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...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Most traders here focus on the TDI cross and all lost money. The TDI is only a helping indicator. The method here is the 5-Method. Remember you need to read all the OP's posts and take notes of all he said and learn to read the candles on your charts. Go back to the old thread and start from there. Jan 20, 2011 #3044 Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it...
Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance,
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting gnomefan
Thanks for the reply Emmanuel. Looking at the posts you shared, {quote} {quote} i understand that we should enter the trade after the cross. So the previous chart i shared is not yet valid. We should wait for the next candle to open to confirm the cross. Thank you for pointing that out!
Now you go back to my post just above and that USDCAD chart.
https://www.forexfactory.com/thread/...6#post15145666

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Feb11 Daily 11-2-2025 2-01-36 pm.png Size: 24 KB





- look at the Price Action, then use your understanding of post #647 then post #261

- look at the Stochastics(8,3,3,)

- look at the TDI ...is that clear whether the green line has crossed the red line, you can read that.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #149,379
  • Quote
  • Edited 12:31am Feb 12, 2025 12:15am | Edited 12:31am
Quoting emmanuel7788
{quote} Now you go back to my post just above and that USDCAD chart.
I really appreciate you taking the time to respond to my questions. However, now i am confused, the posts you referred to are from another thread.

I understand that it is sort of the basics of this current thread, but, reading the OP's post in this thread always rely on TDI. It is different than the Craig Harris Stochastics Method, no? Does it influence/apply to this method?

In regards to your USDCAD chart, it seems PA is on the Support and having difficulty breaking that area. Most probably it will bounce and TDI will show a crossing. This confirms a buy trade. Is that right?
Quoting gnomefan
{quote} I really appreciate you taking the time to respond to my questions. However, now i am confused, the posts you referred to are from another thread. I understand that it is sort of the basics of this current thread, but, reading the OP's post in this thread always rely on TDI. It is different than the Craig Harris Stochastics Method, no? In regards to your USDCAD chart, it seems PA is on the Support and having difficulty breaking that area. Most probably it will bounce and TDI will show a crossing. This confirms a buy trade. Is that right?...

All the newcomer here do not understand the history of the OP and all his posts.

Did you read post #5 in this thread?

Did you read post #336 in this thread.

Do you know the connection between the old thread and this thread?


Do not let the thread titles mislead you.




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