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Trading Made Simple

  • #58,061
  • Jun 18, 2015 10:34pm Jun 18, 2015 10:34pm
Quoting emmanuel7788
{quote} Hi Karado, There were times I was in the same situation like you are now. Lots of information to process and I became mentally paralyzed. Suffered fatigue and burnout a few times and had to take long breaks. I stayed away from Forex Factory especially those threads where there are lots of noise everyday. You cannot trade with all these FF noise around you. These days, I only read a few selected threads in FF. To believe in TMS 5-Method, you need to read what Big E posted way back in the Craig Harris Stochastics thread. Big E traded the CH...
Emmanuel,

Most wonderful advice and inspiration!

Thank you ever so much, Emmanuel!!
  • #58,062
  • Jun 18, 2015 11:35pm Jun 18, 2015 11:35pm
Quoting emmanuel7788
{quote} ........There is no limit to the knowledge we can gain. Wonderful thing about this is once you have the knowledge, you can share it but no one will ever take that knowledge away from you. So, take your own time and pace to condition yourself to be come a trader and never never give up. Live your dreams. regards,
Wow Golden Words!!!
Winners Never Quit, Quitters Never Win
  • #58,063
  • Jun 18, 2015 11:48pm Jun 18, 2015 11:48pm
Quoting emmanuel7788
{quote} Hi, What do you mean by "index of the green candle..."? Those candles you see are Average Price Bar which are similar to HeikenAshi candles. These posts may answer your question: HeikenAshi study : Post#18,483 Japanese Candlesticks vs Synergy APB vs HeikenAshi Post# 56,193 Post# 3304 Indicators : Post#28,535...
Hey Emmanuel,

I need your help here.
I would really like to know what changes have been applied to the TMS strategy now compared to when Big E started his thread several thousand pages ago?
I understand everyone is still using the TDI indicator, right?
Is everyone still using the Synergy candles , the yellow 5 EMA with Shift 2 on HLC/3 and the Stochastics 8, 3, 3 setting?

If you could list any changes and upgrades to the strategy for us that would be great because i've been sifting through the last 1000 plus pages and now I'm kind of lost as there are hundreds of additional methods, indicator combinations and templates posted.

Cheers mate

PS: Here is the TMS set up which i'm still using from the beginning of this thread.

Synergy Candles
5 EMA (Shift 2, HLC/3)
TDI Indicator
Stochastics 8, 3, 3
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  • #58,064
  • Jun 19, 2015 12:31am Jun 19, 2015 12:31am
Quoting emmanuel7788
{quote} Hi, when I read price action , I use the real price bars and not the APB/HA. therefore it would be good to have your MT4 chart set to Bar Chart in Foreground. The FO setup I mentioned is shown below: {image} Note the TDI I use is same setting at the Synergy-Pro TDI therefore the angle may not be so steep compare to other version of the TDI posted in this thread. Price Action seen with price volatility is more important than the TDI angle. regards,
Thank you!
  • #58,065
  • Jun 19, 2015 12:39am Jun 19, 2015 12:39am
Quoting Dimi.A
{quote} Hey Emmanuel, I need your help here. I would really like to know what changes have been applied to the TMS strategy now compared to when Big E started his thread several thousand pages ago? I understand everyone is still using the TDI indicator, right? Is everyone still using the Synergy candles , the yellow 5 EMA with Shift 2 on HLC/3 and the Stochastics 8, 3, 3 setting? If you could list any changes and upgrades to the strategy for us that would be great because i've been sifting through the last 1000 plus pages and now I'm kind of lost...
Hi there!

I suggest you read post 57,857 by Emmanuel7788. That should give you all the good direction to get started. Happy pips and welcome.
  • #58,066
  • Jun 19, 2015 1:47am Jun 19, 2015 1:47am
Quoting hsn100
{quote} Wow Golden Words!!!
I know right...very inspiring Emm there is no success without failure after all
  • #58,067
  • Jun 19, 2015 1:58am Jun 19, 2015 1:58am
Hi Emm,

how we determine sideways narrow range?

thank you
  • #58,068
  • Jun 19, 2015 3:36am Jun 19, 2015 3:36am
EU +73 pips
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Winners Never Quit, Quitters Never Win
  • #58,069
  • Jun 19, 2015 3:53am Jun 19, 2015 3:53am
Quoting brekz1
Hi Emm, how we determine sideways narrow range? thank you

that's simple, after you have done your Big Picture Plan you will see where the historical swing levels are and use them as support and resistance.
next look at the price action starting with top down approach - monthly candles, weekly candles, daily candles, look at 'big candles, and 'small candles'
your should know each currency pair volatility over different periods - monthly, weekly, daily.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,070
  • Jun 19, 2015 3:54am Jun 19, 2015 3:54am
Quoting rupasi
{quote} Hi there! I suggest you read post 57,857 by Emmanuel7788. That should give you all the good direction to get started. Happy pips and welcome.
rupasi... Post#57,857
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,071
  • Jun 19, 2015 4:15am Jun 19, 2015 4:15am
Quoting Dimi.A
{quote} Hey Emmanuel, I need your help here. I would really like to know what changes have been applied to the TMS strategy now compared to when Big E started his thread several thousand pages ago? I understand everyone is still using the TDI indicator, right? Is everyone still using the Synergy candles , the yellow 5 EMA with Shift 2 on HLC/3 and the Stochastics 8, 3, 3 setting? If you could list any changes and upgrades to the strategy for us that would be great because i've been sifting through the last 1000 plus pages and now I'm kind of lost...

Hi Dim.A,

there is no change to the 5-method.
the same use of the 5EMA, Typical Price, Shift+3
the APB or HA_DM version,
the same TDI but many are using the Synergy_Pro_TDI which works in realtime (upadtes in every tick and close of the price bar no re-painting of past price bars) and also handle the price volatility.

different traders added their own stuff which they have tested and worked for them.

I concentrate more on the price action and have narrowed down to a few 'big candles' and 'small candles' to use in defining the market conditions and to know when to trade and when not to trade in the chart timeframe.

What I work on most is the money management strategy and with multiple entries which Big E taught in the Craig Harris Stochastic thread. I have my own Multiple Entries and Multile Exits strategy which I use when trading H4 and Day charts.
This work well for me and grow my account consistently.
What did not work for me is the Single Entry / Single Exit type of trading.

Member rupasi pointed you to my post 57,857. Follow that post and it will save you some time to read all the 58K posts here.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,072
  • Jun 19, 2015 4:20am Jun 19, 2015 4:20am
Hi Emm and everyone else,

I started reading this thread some time ago when I wasn't really ready to make money.... had to go through that stage of losing money in demo!

I've been through a lot of threads looking for the easy way to trade to make money and low and behold I have come full circle. I have read the whole thread last year from the start and only to discover that eelfranz was sadly no longer with us. I have to say that I think it is great job that you, emmanuel7788 and many other member are doing in helping new trader along their path. I think eelfranz would be delighted to to see his thread continue and thrive!

I've been the silent observer for some time and feel I'm now good to go with the proper mindset so will see what happens now!

Please see my first live trade and I would welcome all comments good or bad to help me along the way!

TM
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  • #58,073
  • Jun 19, 2015 5:13am Jun 19, 2015 5:13am
Quoting emmanuel7788
{quote} Hi Dim.A, there is no change to the 5-method. the same use of the 5EMA, Typical Price, Shift+3 the APB or HA_DM version, the same TDI but many are using the Synergy_Pro_TDI which works in realtime (upadtes in every tick and close of the price bar no re-painting of past price bars) and also handle the price volatility. different traders added their own stuff which they have tested and worked for them. I concentrate more on the price action and have narrowed down to a few 'big candles' and 'small candles' to use in defining the market conditions...
Emmanuel you're a saint. I can't thank you enough.
  • #58,074
  • Jun 19, 2015 6:59am Jun 19, 2015 6:59am
Quoting emmanuel7788
{quote} Hi Dim.A, there is no change to the 5-method. the same use of the 5EMA, Typical Price, Shift+3 the APB or HA_DM version, the same TDI but many are using the Synergy_Pro_TDI which works in realtime (upadtes in every tick and close of the price bar no re-painting of past price bars) and also handle the price volatility. different traders added their own stuff which they have tested and worked for them. I concentrate more on the price action and have narrowed down to a few 'big candles' and 'small candles' to use in defining the market conditions...
Hello BigEmm,

"I concentrate more on the price action and have narrowed down to a few 'big candles' and 'small candles' to use in defining the market conditions and to know when to trade and when not to trade in the chart timeframe"


Please describe it on your charts,

regards, dan
  • #58,075
  • Jun 19, 2015 7:00am Jun 19, 2015 7:00am
Quoting emmanuel7788
{quote} Hi Dim.A, there is no change to the 5-method. the same use of the 5EMA, Typical Price, Shift+3 the APB or HA_DM version, the same TDI but many are using the Synergy_Pro_TDI which works in realtime (upadtes in every tick and close of the price bar no re-painting of past price bars) and also handle the price volatility. different traders added their own stuff which they have tested and worked for them. I concentrate more on the price action and have narrowed down to a few 'big candles' and 'small candles' to use in defining the market conditions...
Hi Emmanuel,

I have seen that if we replace PAC with 5EMA Typical Price (HLC/3) Shift 0, it synchronize exactly with the movement of RSI Price Line (Green) in Synergy_Pro_TDI. Is this setup correct? Thanks.
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  • #58,076
  • Jun 19, 2015 8:10am Jun 19, 2015 8:10am
My Newbie setup to this strategy:

9:00 am (Pacific)
TDI green> red
EUR/USD @1.13116
[email protected](I am not sure if my SL is too tight)

Very grateful for any kind comment!!
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  • #58,077
  • Jun 19, 2015 8:35am Jun 19, 2015 8:35am
Quoting nbfx
{quote} Hi Emmanuel You clearly use this method successfully so I wonder if you could answer a few questions. Q1) How do you determine the entry price? (price indicated by HA candles and actual market prices can differ wildly) Q2) Are you entering on the close/open next bar price blindly or do you have some method to strip out larger moves that occur quickly but smooth out on the HA candles? Q3) Why is it called the 5 Method? I read the first x pages and saw nothing to explain the name so just curious. Q4) How are you filtering your trades? Essentially...
Hi nbfx,

As promised I have closed my trading for this week and have time to reply you.

Q1) How do you determine the entry price? (price indicated by HA candles and actual market prices can differ wildly)

All trade entries can only be the real price. The APB/HA candles are average price candles calculated by an indicator. You will see often that the APB/HA open is not the real price open when there is price volatility.

Q2) Are you entering on the close/open next bar price blindly or do you have some method to strip out larger moves that occur quickly but smooth out on the HA candles?

Most important is we must wait for the price bar/candle to close to confirm the trade setup. This is a TMS 5-Method basic rule. The entry is APB candle 1 and candle 2 for reversal setups. This is aggressive, Big E’ style. I have a different style being conservative. When I trade the higher timeframe, I use average entry price. This is what I mean by position building. I avoid making a full risk with one single entry. I build positions in the retracement.

Q3) Why is it called the 5 Method? I read the first x pages and saw nothing to explain the name so just curious.

To be honest, there is no clear reason why Big E call that the 5-Method. When he was trading the Craig Harris Stochastic M15 system, he later on added on the TDI which is from the Synergy trading model. He went on and added the moving averages 21 and 233 which he traded on M15 timeframe. As he move to trade higher timeframe H1 and then H4, he used the 5EMA Typical price, shift+3 replacing the Synergy PAC. The 5EMA shifted +3 is more aggressive compared to the Synergy model PAC which is two moving averages set to 5SMA High and Low.

Q4) How are you filtering your trades? Essentially an RSI is a representation of price that has been flattened out into a 0-100 scale, add a moving average and (I don't mean to sound derogatory here so appologies) the entry tool is basically an MA crossover and as such produced a dismal result when statistically tested, So like all x-over systems you must be filtering the noise out somehow and I have seen nothing to suggest how this is being done.

I don’t use filter to look for trades. I identify the market type and make that decision to trade or not to trade. I look more at the price action using price bar patterns at support and resistance zones. TMS 5-Method is s trend trading method and we need to see the trend in the timeframe we trade and know its range and volatility. The TDI is nothing more than just moving averages of the RSI data which again is derived from the price.
It is fact that most of the mechanical systems using technical indicators cross-over signal on its own will not yield long term results. Any mechanical trading method alone is less than 10% of a system. TMS is discretionary rule-based mechanical system. It is the discretionary part which most traders will find difficulty to learn because it depends on one’s learning capacity and experience. There is no one single formula for what is a winning edge. The trader is a part of the equation in his own winning edge. A winning trading system has to have proven money

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,078
  • Jun 19, 2015 8:45am Jun 19, 2015 8:45am
Quoting fortunemaker
{quote} Hi Emmanuel, I have seen that if we replace PAC with 5EMA Typical Price (HLC/3) Shift 0, it synchronize exactly with the movement of RSI Price Line (Green) in Synergy_Pro_TDI. Is this setup correct? Thanks. {image}
Hi,

Good oberservation.

If you want to replicate the TDI Green and Red on the price chart, try these MAs.

- 2 Smoothed MA, Weighted Price (HLCC/4) for the TDI Green line.
- 5 Smoothed MA, Weighted Price (HLCC/4) for the TDI Red line.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,079
  • Jun 19, 2015 8:47am Jun 19, 2015 8:47am
Quoting Trader MT4
{quote} Hello BigEmm, "I concentrate more on the price action and have narrowed down to a few 'big candles' and 'small candles' to use in defining the market conditions and to know when to trade and when not to trade in the chart timeframe" Please describe it on your charts, regards, dan
Hi Dan,

please read all my recent posts where I had shared and explain the use of Wide Range Bar 'big candles'.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,080
  • Jun 19, 2015 8:50am Jun 19, 2015 8:50am
Quoting Troonman
Hi Emm and everyone else, I started reading this thread some time ago when I wasn't really ready to make money.... had to go through that stage of losing money in demo! I've been through a lot of threads looking for the easy way to trade to make money and low and behold I have come full circle. I have read the whole thread last year from the start and only to discover that eelfranz was sadly no longer with us. I have to say that I think it is great job that you, emmanuel7788 and many other member are doing in helping new trader along their path....

Hi Troonman,

Avoid counter trend trades and you will do well.
When you trade H4, look at the weekly candles first to know if you are trading in the direction of the Weekly candle.

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