Trading Made Simple

dean[QUOTE}TO be honest it confuses me....maybe it WAS a genuine offer to help others out.....but why....we can all find those websites easily enough by ourselves if we want or need to......why write a full page email explaining it all and that you gain nothing from it.....this email was written in the style of an advertisement....I have morals and respect the fact that I was PM'ed so I wont post it.....but honestly.....those who received it have the right to be suspicious.....it reads to me like any other marketing email would trying to coax you to a trading training website.........honestly my first impression when I read the email was.....here we go again.......seen this before .................post it so everybody can see it and judge for themselves.
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It is not an advertisement and therefore I will not post it. This is about sharing. I receive endless PM's about where people can get more information and training and about how I trade. I picked a limited group of traders to send this to (30 total) - those on this thread that have shown a serious interest in trading or clearly need additional help. I sent the message privately. There are a thousand other places this message could have been sent or posted. Because I am not a marketer or have no vital interest, I have not blasted this information across the web.

I have people asking me to get on other websites, forums, chat rooms, etc. that are losing money hand over fist. I guess it's OK for someone else to post a useless blog or some other useless trading technique. I thought I might share one that actually makes money and teaches some professional techniques above and beyond trying to confirm if red has crossed green and where to take profits. This thread is proof that the most simple rules and system can be screwed up by so many people so many different ways.

I have tried to write practical, applicable and meaningful posts which contain more relevant content for successful trading than 99% of the others on this site - and for free.

I tried to be clear about my motives and have taken an inordinate amount of time in the last two months to write personal and thoughtful messages to those that PM me. This is no different. It is a notice of some free information, I state clearly that there are things that cost money and that I am advocating the free stuff. It is no different than parking here on FF every day for the same free opinions and trade information.

Frankly, I was warned that these forums and chat rooms are full of those making excuses instead of making money. I can see now that trying to get people out of their own way is the wrong approach. I guess no good deed goes unpunished. I am not going to apologize for doing something that could dramatically change the lives of many traders in a positive way. Instead I'll just let you guys try to figure this out on your own while those of us that have been fortunate to find this stuff make a great and substantial living.

All the best.

Erebus
These are great chart postings and excellent examples to study. Super explanation of a plan, execution and thought process.

I have tried to write practical, applicable and meaningful posts which contain more relevant content for successful trading than 99% of the others on this site - and for free.

You have, Please continue.

I hope as we get ready to start a new week that the hissing and pissing can be laid to rest. I appreciate erebus' tutorial which can be applied to any pair, any TF, and any strategy (as he stated.) His tutorial is appropriate but this is, however, a TMS thread and only TMS should be discussed so let's get back on track. Trade management, tutorials, and TMS strategies are what needs to be the point of any post here.

Let's have a good week. p.

To dcginc:

Thank you for all the useful information posted. I learn everyday from your wisdom.

It all becomes to me more clear why profitable traders do not want to post in forums anymore... hopefully you will keep posting.

To all the other guys: Even if all the Forex guys on the internet advertise stuff, no one ever said you MUST buy or FOLLOW them.

I will be always be grateful for dcginc as he has opened my eyes and will always be a mentor for me.

After dcginc have taken your money, I will be right behind him to take the rest.

Bravo dcginc. Trying to help this sort of mentality is like casting pearls to the swine.

Best wishes

This is true.

Those of us who have been using forums for a while know that they're also full of people making false claims about their successes. They post faked statements (easy enough to do). They shout about their last big win but rarely if ever mention a loss. With fragile egos dented by trading failure, they find a forum the ideal place to play the big man.

They're easy to spot though. Their posting history gives it away. As does belittling the attempts of others, posting under multiple accounts and other behaviour.

That's a bit of a tangent, but worth stating given some of the posts over the last few pages.

Unfortunately, forums are also used by people who take time to build confidence and trust in others, then attempt to market products.

All of this can make long-term forum users a pretty cynical bunch. We're just waiting for the next scammer or bulsh!tter to appear. And if we feel someone has tried to abuse our trust... well, it's all too easy to bite.

I received your PM too, and although I felt some of the text was a little 'salesy' (hey, I'm a copywriter!), I understood the sentiment behind it.

A can also understand why someone else may not have read it this way.

So a pure misunderstanding, I believe - and I do hope people desist from bashing the poster who initially raised this. Since we're back to trading tomorrow, let's let it go.

With this thread, although we get our fair share of the kind of people I mentioned above, there are some really great contributors - yourself included. Also people who are honest enough to say when they're struggling and getting frustrated (as we all feel from time to time). They're a real breath of fresh air. I'm looking at you Dean.

Which is why I keep on dropping in here, as I'm sure do many others.

Dude, I believe it is all about identifying the trade and not the lot size. You also don't know and don't need to know how much I add / reduce once trade started moving in my direction.

The position sizing and fib tool information is not something new. Just for a teaser refer post 11114 for fib confluence. Give the credit to those 1000 pips monster runs to SNB but again it is all about identifying the setup.

On a serious note, if anyone doesn't like the system whether it is TMS or whatever he should create his own thread instead of criticising the system and bashing the thread owner.

Enjoy the rest of the weekend and many pips to you in coming weeks.

Attached is a chart that shows the TDI crosses last week on the EU H1 chart during the London and New York sessions. I did not include the crosses during the Asian session because the movements during that period are usually small and inconsistant. There were 9 TDI crossovers during London & NY (one was start of Frankfort session). 8 of those were profitable crossovers. The total pips moved for those 8 possible trades was almost 1200 pips (pip numbers for each move in boxes). I am not suggesting anyone could take all those pips but if you entered each trade by Big E's rules, as outlined in this thread, and set a 60 pip TP and a SL above or below the last swing, you would have taken 480 pips on 8 trades and lost 45 pips on 1 trade. Your total pip increase would have been +435 pips for the week. If you did not set a 60 pip TP and rode each trade until the hook or cross of the TDI, you would have gained substantially more pips than that.
This is shared just to show some of the possibilities. Every trader has to have the patience, discipline and money management to determine what works for them but the premise of this thread, "Trading Made Simple", works when properly applied. A lot of the posts on this thread deal with trading with the trend and checking higher time frames and using support and resistance, using other indicators....etc. Those are all good tools that can be used at the discretion of each individual but the chart I posted did not take any of those things into consideration and last week a trader would have been very successful just by following what they saw on the H1 chart alone and trading each cross of the TDI along with candles changing color.

Every Sunday eve I get butterflies in my stomach as I eagerly wait to see whether I will once again achieve my goals and have another successful week on this sublime system. Fingers crossed ; )

Erebus, nice explanation on the importance of Money Management, every newbie should read it.

Happy pipping people, and keep your eyes on the USD/CHF, buying on dips.

I was about to post the exact same thing!

I think that this is the first time that I have ever seen someone copying a PM response to a thread - This is completely unethical and it amazes and horrifies me that anyone would think this would be acceptable behavour.

I will leave at that as this rant could run for a very long time.

Obviously another idiot to add to the ignore rule

Does the system work as well during trends like right now. In theory, the TDI below 32 means a high chance of reversal. It's currently around 11 on the EU. It seems that the indicators don't work well in this environment.

Hi Folks - I was asked for a copy of this - so apologies in advance for posting indicators - PM doesn't allow me to add attachments!

As far as I know this is the latest version

Can we all get over this and discuss only Big E method here please? this is suppose to be the place to learn and discuss what chart we are into and post an example for some discussion

I misses old time post we use to have rules about not posting anything else here to respect Big E thread.

Take a look at the 1st 100 pages, they are so nice to read....not anymore.

I've read lots of forums before, but never felt compelled to contribute.

This is different.

A big thanks to Big E, eelfranz, the Grand Poopaw.

I stumbled on this Forum/Thread 1 week ago today - the Sunday before Labor Day. I've been trading quite a lot for a couple of years - had some big months, some big losers, and managed to hover around break even.

Initially started because I was managing the US marketing and biz operations of an Australian Trading Education Company (I'm in Southern California). Was immediately attracted to trading like a giant magnet was pulling me in. And I was lucky to get the Australian Co.'s "education" as a necessary part of working for them. Lots of Money Management, Elliot Wave, Fibonacci, Range Trading Techniques, Breakout Systems, and on and on. When I first saw it I figured it was a 3 year process to really figure it all out and gain enough experience to make it profitable for a normal person. (I'm not doing any work for that company any more, by the way.)

Meanwhile I've tested (both live and demo) all sorts of other "systems" and "methods" and "strategies."

This is the best, most sensible, most logical, and easiest I've seen...by far...

So thanks, Big E. Glad I tripped over you in your thread.

I'm only in the 130's as far as reading all the posts and it will be a long time before I've been through the whole lot, so I won't ask any questions (i.e., display my ignorance) yet.

But the system is so simple I started trading it (experimenting, really) last Sunday (I know you don't trade on Sundays - I've now gotten that far in post reviewing) and put on a whole lot of trades last week - at times following the rules and at times seeing what would happen if I bent them. Got a good, quick handle on it and gained confidence in the rules and their simplicity - and effectiveness. The wild experimenting went on from Sunday through Wednesday.

Starting at 10:00 PM Wednesday night my time and ending at 10:00 AM on Friday morning, I traded exactly by the rules on 4H charts only (no time to monitor 1 hour trades during the day but I did keep trading 4H charts during the day).

And, my encouragement is for followers - new or old - to keep it simple and just follow the rules without adding different indicators or trying to filter too much based on your previous trading education, ideas, and notions.

My results from Wednesday night 'till Friday morning were (when I was actually just following the rules seriously):

9 Trades Taken
6 Winners @ at an average of 52 Pips each
3 Losers @ at an average of 33 Pips each

Net: 210 Pips

On 2 of the losers I made errors in entries and in all of the losers I set SL's tighter than the latest low just out of caution and because I wasn't sure if I would be around at the next 4H candles....I'm not worried about that - 2 of them would have been winners if I had let them breath more.

I won't judge the system on a week's worth of experimenting including a couple of days of more serious trading, but as long as I kept it very, very clean and simple and just followed the few rules, I'd say so far it's a huge success and I encourage everyone to Keep It Simple and other than the basics of FX, throw out everything you think you know about trading.

The 3 year learning curve that I mentioned earlier has been reduced to about 5 minutes (plus the basics). That's pretty phenomenal.

I'm really looking forward to getting things going later tonight for the start of this week.

Thanks, again, Big E and all of the seniors who have contributed here positively and who, through your posts, have encouraged me to Keep It Simple.

fufighter
You are right. I apologize for the recent diversion. I caused it and have learned a tremendous amount from my mistake.

Back to the matter at hand . . . the market.

2 new orders. Hope they go well.

A/U , U/C has a nice bounce off but since TDI < 32 and > 68 so i didnt get in

I am waiting for GBP/AUD to clear the FTA (marked blue). The ideal entry was when it tested BRN of 1.50 and took off.

Actually I didnt see this at first because you are already on ignore. Should a wise man argue with a fool, a passerby would never know the difference.