Trading Made Simple | Page 998 | 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

  • #19,941
  • May 28, 2013 6:58pm May 28, 2013 6:58pm
Big Picture planning:

having done the above steps, that would have taken me 10 mins ... not more than that. It comes with practice, practice, practice.

with that done, you are still not ready to start trading until the Prep Work is done.

Now we move down to our TMS 4H trdaing chart and plan our trades.

Know exactly what you are looking for when you are on H4 charts.
- the TMS 4H setups
- the PASR setups

combine these two and when you see both, you will find that A+++ trade setups.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF H4 TMS chart 29-5-2013 6-08-55 AM.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,942
  • May 28, 2013 7:05pm May 28, 2013 7:05pm
With all due respect emmanuel7788 you are removing the word "simple" from Trading Made Simple, a pioneer one year study by eelfranz. Big E's strategy - KISS. And that's really simple.
  • #19,943
  • May 28, 2013 7:06pm May 28, 2013 7:06pm
Big Picture planning:

Having done your Big Picture to to this stage, you can easily do your day trading plan.

Now for thoose who love to trade intraday on H1, here is what I view on H1 but I do not lose sight of my H4 chart condition.

H1 is good for intraday trading, it can also be use to get into the market before a TMS 4H setup show up. This is good to trade intraday and when a TMS 4H setup condtition shows up, you convert your H1 trade to a 4H trade. You can scale-in more positions when this happens or you can simply resize your positions, do your H1 exits and re-enter on H4.

You are the trader, you must make all the decisions on your own.

Trade well!
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF H1 TMS chart 29-5-2013 6-14-14 AM.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,944
  • Edited 7:44pm May 28, 2013 7:26pm | Edited 7:44pm
Quoting piprac
With all due respect emmanuel7788 you are removing the word "simple" from Trading Made Simple, a pioneer one year study by eelfranz. Big E's strategy - KISS. And that's really simple.
Hi ALL,

I agree with piprac to some extent. Thank you for his post.

yes, I know it is supposed to be simple but I had not remove the word "simple".

Trading is supposed to be simple, yes the method is simple, but it is not easy for many traders to trade. After following several similar TDI based threads for long time, I asked why? One cannot simply trade every TDI cross.
We must look for high probability trade setups. How? ...
Why do we need high probability traedes? We need to increase and improve our win-rate.

One reason why many traders cannot trade with high win-rate beacsue TMS is not a system without its set of discipline.

Trading TMS 4H without knowledge and understanding where is 'Supp/Res' is not going to be easy for some traders. The more experience traders will know it is easier when they use Support and resistance and also others chose to use Supply and Demand.
I intend to help those who still have not find it easy to trade TMS 4H to learn some things about trading and how they apply what is I shared here is really up to each one individually.
When we learn, we also learn many things which we should not do npor do too. Therefore, for those traders with the experience level, they will know what to use and what to discard from their own trading systems.

Trading TMS 4H is not easy when traders do not have the kind of discipline like Big E.
Big E told us to use our brains ... use some discretion...take some chances, etc
Can anyone share and explain what these means?

Thank you.
regards
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,945
  • May 28, 2013 7:29pm May 28, 2013 7:29pm
Quoting emmanuel7788
{quote} That Rob Bookers book title is Adventures of a Currency Trader posted here before.Here is the link where the book can be downloaded.http://www.google.com/url?sa=t&rct=j...HAkQiJWf3ybF6g I use MT4 scripts to draw those trade levels EP SL TPs ......
Hi Emmanuel
Thankyou for the scripts yet what ATR levels are they based on .I was not considering purchasing the Malone system yet I was curious if it was not very similar to the ATR levels that you have scripted .Hope this finds you well.

Thanks James
  • #19,946
  • May 28, 2013 7:41pm May 28, 2013 7:41pm
Hi ALL,

Trading Made Simple ..aka TMS, .... why did eelfanz aka Big E started this thread with such name.

If you want to know how Big E evolved as a trader over many years, you must go back to this thread 'Craig Harris Stocastics Method ..." here in the Commecrial Content fourm:
http://www.forexfactory.com/showthread.php?t=211188

When you had read and studied every post (4,482 posts in all) in that 'Craig Harris Stocastics Method, you wil understand why TMS was created to be simple, it is relative, it evolved, ...

So up to now 3 years later, is TMS simple? YES absolutely. But not EASY for new traders trading the market for the first time.

It is not easy becausae every Price Action trader need to know and master that 10 things about trading.

Good Trading folks,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,947
  • May 28, 2013 7:55pm May 28, 2013 7:55pm
Quoting khidir
{quote} Hi EmmanuelThankyou for the scripts yet what ATR levels are they based on .I was not considering purchasing the Malone system yet I was curious if it was not very similar to the ATR levels that you have scripted .Hope this finds you well. Thanks James
Hi khdir,

those scripts use a fix number of pips for intial SL, not based on ATR.
After you place the script on your chart, you can select the object and drag and drop where your exact entry level is and also wher you want to place your initial SL ..'R'.

Evaluate carefully Dean Malone DOTS and what it does.

You can look at Day Open High Low Close and trade lower TF with PA using those D OHLC levels and understanding volatility/ATR.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,948
  • May 28, 2013 8:00pm May 28, 2013 8:00pm
For those who look for an EASY method, here is the pdf.... good reference.

download link.
http://www.forexfactory.com/attachme...mentid=1181070
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,949
  • May 28, 2013 8:04pm May 28, 2013 8:04pm
Hi Emmanuel (Small E)
Help me one question please (for new trader)
Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.
So, When new candle we see the green TDI line goes flat... we exit or wait to the end canlde. Thanks!
Today, nice sign for trade EU?(TF Daily)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
  • #19,950
  • May 28, 2013 8:07pm May 28, 2013 8:07pm
Quoting TheScorpS
{quote} AAA+++ trade, oh I like those clean and to the point trade , wish you many many more green pips Here is mine on EUR/USD , Entered short after positive USD news, double top and pullback candle, break of daily support brown line, and almost break below previous candles, TDI already crossed , exit the trade manually with + 30 pips Good luck to you all {image}

Hi The Scorps,

The Daily Support Line, can you please explain what this is,


Thanks,
Rosemary
  • #19,951
  • May 28, 2013 8:08pm May 28, 2013 8:08pm
Trading Made Simple and Easy:

Attached Image (click to enlarge)
Click to Enlarge Name: TMS is simple and easy .png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,952
  • May 28, 2013 8:18pm May 28, 2013 8:18pm
Quoting dunggiggs
Hi Emmanuel (Small E)Help me one question please (for new trader)Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.So, When new candle we see the green TDI line goes flat... we exit or wait to the end canlde. Thanks!Today, nice sign for trade EU?(TF Daily) {image}

I like PIE better .. Patience Is Emmanuel

TDI goes flat, starts top hook over ... that is Big E TDI Exit condition.

this occurs when the APB/HA candles get smaller and loses momentum, fails to make higher-high or lower-low, ...price pullback, ... BUT when this happens in a string trending pair, it is opportunity to jump in as CONTINUATION trade. Use some discretion ....
Always pay more attention to PA on your price charts.

Your note on EU D, hmmm... we are trading MAY MN candle shadow.... 3days to go.

Trade Well.
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,953
  • May 28, 2013 8:42pm May 28, 2013 8:42pm
AJ 29 May missed trade setup ...TMS 4H classic ... no brainer!

now watching EJ and GJ
Attached Image (click to enlarge)
Click to Enlarge Name: AJ 29 May H4 trade missed 29-5-2013 9-38-02 AM.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,954
  • May 28, 2013 8:44pm May 28, 2013 8:44pm
Quoting emmanuel7788
Trading Made Simple and Easy: {image}

Hi Emmanuel,

What do the scissors mean? Cut this out, or cut off point? I am a bit confused.
By the way, I see trading as rather like driving a car, more practice and skill means a better driver, haha

Rosemary
  • #19,955
  • May 28, 2013 9:25pm May 28, 2013 9:25pm
Quoting rosiew7
{quote} Hi Emmanuel, What do the scissors mean? Cut this out, or cut off point? I am a bit confused.By the way, I see trading as rather like driving a car, more practice and skill means a better driver, haha Rosemary
Hi rosiew,

that scissors mean cut that trade according to TMS basic exit rules ... that APB/HA candle entry did not make a highe high and the next candle turn the TDI PL green line back downwards. Most traders would have cut loss ... small loss like what Big E usually did and then wait for or look for the next setup.
But is we had use PA and S&R in our trade plan, we see the opportuntity.

Yes, it is like driving a car. We need basic driving skills and know the capability of the car we drive. It is the road conditions which we do not know until we are on the roads. So it make sense to plan our road journey ahead in time and know where the exits points are when we are caught in a traffic situation.
The problem is many traders wants to drive in the fast lane trading M15 but do not have those driving skills. Worst of all they want to drive F1 type speed and they do not know that F1 drivers are special breed of drivers in this world.

Trade Well.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,956
  • May 28, 2013 11:48pm May 28, 2013 11:48pm
Quoting emmanuel7788
Hi ALL, Trading Made Simple ..aka TMS, .... why did eelfanz aka Big E started this thread with such name. If you want to know how Big E evolved as a trader over many years, you must go back to this thread 'Craig Harris Stocastics Method ..." here in the Commecrial Content fourm:http://www.forexfactory.com/showthread.php?t=211188 When you had read and studied every post (4,482 posts in all) in that 'Craig Harris Stocastics Method, you wil understand why TMS was created to be simple, it is relative, it evolved, ... So up to now 3 years...
If it really simple and does not need any else knowledge, I believe everyone come to here will success and they'll not leave this thread and find another one.

Thanks Emmanuel for Big picture!
  • #19,957
  • May 28, 2013 11:54pm May 28, 2013 11:54pm
EJ 29 May TOK_5H:

here is an example of a 4H setup, is this a valid trade?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 29 May H4 setup Q 29-5-2013 12-42-37 PM.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,958
  • May 28, 2013 11:58pm May 28, 2013 11:58pm
GJ 29 May 4H:
here is another example using GJ when TOK_5H close....
is this a valid 4H trade?
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 29 May H4 setup Q 29-5-2013 12-45-40 PM.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,959
  • May 29, 2013 12:04am May 29, 2013 12:04am
My two cents to TMS as KISS method.....
1. BigE established very simple basic rules ... everybody agree??
2. Big E never said , it is a mechanical method, always was asking for intelectual effort from trader
3. Even only using TDI indications and basic BigE entry rules system works (and this is why system name is "SIMPLE")
4. All about Emmanuel is doing is helping those people who need to be consciouse trader and rise their win rate ...
God Bless You Emmanuel...
JacekPreserve Precious Capital
  • #19,960
  • May 29, 2013 12:07am May 29, 2013 12:07am
Quoting rosiew7
{quote} Hi The Scorps, The Daily Support Line, can you please explain what this is, Thanks,Rosemary
When I look at an pairs which I'm looking forward to trade, I go to daily chart and the 4 hour chart and try to find support and resistance areas and then draw the lines where historical price action took place

I trade the 1H chart, I'm still in the learning process, I learned about drawing these lines from Phx62 , and Emanuel too, you can look their posts and see how they do it, I find that it helps me a lot, so I keep drawing them

Please look at the chat below, I added some notes which I hope might be in help

Thank You and Good Luck
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.jpg Size: 225 KB
I Have Learned to Take Some Losses to Make Profits
165 traders viewing now