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Trading Made Simple

  • #61,621
  • Oct 16, 2015 11:48pm Oct 16, 2015 11:48pm
Quoting Javforex
Hi Experts, I'm still trying to catch up on all the foundations of this system. It looks simple but its not easy. I've noticed that the main and important critical for the success for this system is Price Action. But Price action is a very big term to use, so would to like to ask if we can be more specific: Any particular Candlestick patterns we are selecting only? (Engulfing, WRB...?) Any group candles? (1-2-3 Reversal, fractals, etc?) Support Resistance- Any particular tool, other than the BN? Or is it purely based on experience? Any other that...
Nothing is easy about trading, when experienced is built enough around a system, then it seems to be easy but thats when one master everything about it , so TMS needs time and lots of studies done so is all systems, this PA combined with indicator strategy, both PA and Indi plays big role in trading TMS
I Have Learned to Take Some Losses to Make Profits
  • #61,622
  • Edited 7:01pm Oct 17, 2015 5:11am | Edited 7:01pm
Quoting Javforex
Hi Experts, I'm still trying to catch up on all the foundations of this system. It looks simple but its not easy. I've noticed that the main and important critical for the success for this system is Price Action. But Price action is a very big term to use, so would to like to ask if we can be more specific: Any particular Candlestick patterns we are selecting only? (Engulfing, WRB...?) Any group candles? (1-2-3 Reversal, fractals, etc?) Support Resistance- Any particular tool, other than the BN? Or is it purely based on experience? Any other that...
Quoting TheScorpS
{quote} Nothing is easy about trading, when experienced is built enough around a system, then it seems to be easy but thats when one master everything about it , so TMS needs time and lots of studies done so is all systems, this PA combined with indicator strategy, both PA and Indi plays big role in trading TMS
Agreed. Scorps knows it!

Jave, it sounds like you're over complicating things. Remember, this is called "Trading Made Easy" for a reason. Trade it the way Big E taught then we can worry about fractals and all those other fancy things later bro.

First, just start off with the basics and a blank chart.

Add on:

Synergy Pro Average Price Bars (and the Price Channel)
TDI Indicator
Stochastics Indicator 8, 3, 3 setting

Load your pairs up and set all of them to the 4H time interval.
Once you get a nice 4H TDI cross on a new candle, check the angle of the TDI. Is the TDI flat? Or is it steep and pointing down (or up)?
Don't enter if it's flat!
Check the angle of the STOCHASTICS. If it's pointing in the same direction as the TDI is, lock and load.

For now, let's just set your stop loss on the other side of the 4H PRICE ACTION CHANNEL (example) on the 4H chart. Just try that for now. As Dean Malone explains in his videos, "you'll notice that price will rarely come back to the other side of the Price Action Channel". This is true!

Try that for now on Demo.
Once you've mastered this approach and tripled your demo account, then we can look at adding additional things (which aren't really needed but may help).

I know a lot of other guys in this thread have started using different indicators and additional moving averages, pivot points etc. That's fine because they have already mastered the basics of the TMS that Big E has taught us. So they can play with new things and chop and change their indicators to best suit them. But you'll need to master the basics of the TMS first.
Don't be caught up in using too many indicators or confluences. Trust me, I've made a shit load of profit using just the very basic Trading Made Simple indicators on the 4H charts. And I know you will too.

Give it a try from next week. Let us know how you go.

PS: Below I've attached the small clockface stencil which will show you if the angle of the TDI is safe to take the trade. Basically if you're looking at a buy entry, make sure the TDI's angle lines up with the clockface (green section in between 90 and 30 degrees). And if you're looking at a sell entry make sure your TDI angle lines up with the red area (red section in between 330 and 270 degrees).
Save this and whenever you're in doubt, check the compass and compare it to the angle of your TDI (just like I have in my screenshot below).
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard01.jpg Size: 110 KB
Attached Image
  • #61,623
  • Oct 17, 2015 5:13am Oct 17, 2015 5:13am
Quoting Profanas
How about same system but 1D or 1W ? for those who have day job.. my day candle open/close 11AM

here is what Big E said:

<quote>

You know I prefer to trade the the 1 & 4hr timeframes....

Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

If your in a good strong trade 3-5 candles don't be afraid to re-enter again for even more pips profit.... I do that quite often... but make sure everything looks strong and keep an eye out for pull backs... and exits on the TDI...

One of the purposes of this thread is to teach traders to trade the higher timeframes... there is nothing to be afraid of. Many of you have finally converted and wonder why you didn't do it earlier... less problems on the 4hr and a lot more pips profit... just make a proper entry like on Chew's chart (TDI) and many more that I've posted...

When learning a new trading method you've got to give it 6-12 weeks. You have to start feeling comfortable with your decisions. It takes that long to build confidence... If your not willing to devote that much time then why even start it... just move on.

You must know I consider all of you as friends and associates and I would not knowingly mislead any of you. I just want to help by giving back and being your backstop in the game... coaching you to more and more success... Your success helps me grow and I thank you. I'll never ask you for anything other than your best effort so please ask questions or arrange a phone call from me for help... I certainly don't know all the answers but I'll share what I know and understand for your greatest success...

I went back to page 202 where I introduced the 5 method and the 21/233 method and read forward. I have made a lot of live trades since that time and I find it interesting how I started out sharing a very conseravitive 5 method to how I now trade the more aggressive way I do. What I discovered was that I gained many pips and yet I didn't increase my losses so why not be more aggressive...

I know a lot of you are afraid to trade the 4hr charts...why?... cuz someone sold you a bag of crap about your S/L being to far away... 50-80 pips, etc. In your mind your thinking I can't afford that... like chicken little running in circles... get a grip gang. Seriously now... Look back at any 4hr chart where there was a reversal where you would have entered a trade using the 5 method. If you had entered the trade on the 4hr chart... and put your S/L at the last swing hi or low... even 100 pips away... how many times has it come back to hit your S/L in the next couple of candles? I can't find one example of that happening anywhere... not one....

So the larger S/L really means nothing accept if the sun don't rise and the chickens don't lay... it would save your account but I've never seen that happen on a 4hr chart.... probably has once ever 1,000 trades.

What I'm getting at is don't be afraid to enter a 4hr trade at night if your going to bed if the TDI gives you a set up. At least try it on Demo. I'm telling you that once you start trading 4hr and Daily charts you'll fall in love with them and the pips you make... You'll wonder why you ever traded on the lower timeframes.... That's where the dealers steal the most money from traders who don't know better...

I'm retired but suppose I was a working stiff from an 8am-5pm job. I entered at night (took 4 minutes) and went to bed... didn't have to watch , no nail biting , no pulling hair out , you get the idea... just sweet dreams . Before going to work you close the trades... simple, clean and easy. Practice on Demo to build your confidence... it's free and you know everyone loves free things. I've been there... step out of your comfort zone...

No excuses... get off your poor me pity party and just do it... forget the excuses if you want to become a more successful trader... if not, just take a nap and call it a day.

<unquote>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,624
  • Edited 5:25pm Oct 17, 2015 3:20pm | Edited 5:25pm
Thanks for all info, i will try read all +3000 pages..




Guys, can i post my 4h / 1d trades and all we can see why 'this' trade good and why not.. ok?

edit:

now in weekend im learning with history, and i dont like candle with wicks to bouth sides (maybe news?) better wait another candle to confirm? TDI - show to buy.
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  • #61,625
  • Oct 17, 2015 5:48pm Oct 17, 2015 5:48pm
Quoting Dimi.A
{quote} {quote} Trust me, I've made a shit load of profit using just the very basic Trading Made Simple indicators on the 4H charts. And I know you will too. {image} {image}
Agreed! Ive experienced it personally you dont need all that other jazz. btw your clockface thingy is kinda cute lol.
Scared money DON'T make money!
  • #61,626
  • Oct 17, 2015 6:37pm Oct 17, 2015 6:37pm
Quoting Profanas
Thanks for all info, i will try read all +3000 pages.. Guys, can i post my 4h / 1d trades and all we can see why 'this' trade good and why not.. ok? edit: now in weekend im learning with history, and i dont like candle with wicks to bouth sides (maybe news?) better wait another candle to confirm? TDI - show to buy. {image}
You don't have to read all 3000+ pages.

Start by reading all of Big E's post in FF ( 1,48 post in total). You will learn how he started as trader like many of us.

Here is s quick start: Introduction to Trading Made Simple Post#57,854
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,627
  • Oct 17, 2015 7:00pm Oct 17, 2015 7:00pm
Quoting Profanas
.... and i dont like candle with wicks to bouth sides (maybe news?) better wait another candle to confirm? TDI - show to buy. {image}

when you see APB / HA candle with small body and wicks at both ends, that is indication of potential phase change. Go look for another pair to trade.

next week AUDUSD Weekly trading below.
Previous W1 was a setup candle with TDI bounce, but last week candle was bearish.

Next week 43, Oct 19 - 23: Do you buy next week?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD W1 Q.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,628
  • Edited 10:30pm Oct 17, 2015 7:58pm | Edited 10:30pm
how about stops? stop under last candle and stop when tdi show signal(flat). I am right?

but in your weekly chart i can see resistance.. or not? better not trade in this pair?
and your A is lose?

sorry for my english..

In one post Big E says - he does not use yellow line (candle cross yellow line..) then i dont know why need that line.. or better wait when 4h/D/W candle close in another yellow line side?
  • #61,629
  • Oct 17, 2015 10:10pm Oct 17, 2015 10:10pm
Hi fellow traders,

newbies to this forum, like most of the 95% of the traders out there, been there, done that... beaten to a puff by the market.
Am glad to have found this thread and been reading for a while, new to 4h trading and found most of what is says about trading 5-15mins TF to be true.
Did some demos and the results... wow, is good.
So i am gonna change my trading style and stick to this for a while and hopefully get back on track.

Barrels of pips to ALL, cheers!

Fire
  • #61,630
  • Oct 18, 2015 1:48am Oct 18, 2015 1:48am
Hi emmanuel7788, can you please do an analysis of USDJPY pair? I would really appreciate your opinion.
:: everything is awesome ::
  • #61,631
  • Oct 18, 2015 2:21am Oct 18, 2015 2:21am
Quoting emmanuel7788
{quote} when you see APB / HA candle with small body and wicks at both ends, that is indication of potential phase change. Go look for another pair to trade. next week AUDUSD Weekly trading below. Previous W1 was a setup candle with TDI bounce, but last week candle was bearish. Next week 43, Oct 19 - 23: Do you buy next week? {image}
Hello, Big Emm!

My question is regarding wicks. I know the bigger the wick is on HA, the better. It shows the strength of the trend in the direction of the wick. But I do not know about APB. For a buy, for example, is a big upper wick important? Or a lower one? Or maybe no wick at all?

Regarding your screen shot, I see 2b formation. The second candle to the left of the A candle took out the previous low. Let's call that X candle. Then the top of the X candle was broken by the A candle, but a very week break, barely managed to break it, and it closed much lower. So it does not draw my attention. But the B candle... ah... that's another story. It broke the high of the X candle, and had a very nice close above it. So, I am not sure about this week's sentiment, but in the next weeks, we may see a bullish move. That's my view. Please correct me if I am wrong.

P.S.: In your pic, the A candle did not even close above the 5EMA.

As always, thanks in advance for replying!
  • #61,632
  • Oct 18, 2015 6:10am Oct 18, 2015 6:10am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
EURAUD # 61576

addon Friday afternoon (GMT), because price came back where big H4 candles open/close , so this was an interesting level for SM

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 73 KB


for better entry switch down to M30 first entry was to early , second okay price didn`t brack 1.5675.
This was an area of supply ,see red box. In dry market, LO close, price went down.
Entry just on PA , no TDI


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 57 KB



from TDI view it was no valid entry, to early . see chart below


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30 TDI.png Size: 67 KB



candle in white box was TDI enty , under PAC green under red under yellow.
all trades in green , sl to BE
now sit on my hands - patience , switch back to H4/daily

just my 3 cents

regards
from level to level - you need mental strength to reach the summit
  • #61,633
  • Oct 18, 2015 6:16am Oct 18, 2015 6:16am
Quoting Black Fox
Hi emmanuel7788, can you please do an analysis of USDJPY pair? I would really appreciate your opinion.

Hi,

This one very easy. The D1 chart looks so ugly going sideways for one whole month. No 4H swing trading.
The market needs to trade out of that very big candle range before I want to look at this pair again.
If you want to trade, just do it on very short term intraday basis H1/M15 can buy and sell with small SL and TP.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY D chart Week 43.png Size: 65 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,634
  • Edited 6:39am Oct 18, 2015 6:28am | Edited 6:39am
Quoting catalin_eros
{quote} Hello, Big Emm! My question is regarding wicks. I know the bigger the wick is on HA, the better. It shows the strength of the trend in the direction of the wick. But I do not know about APB. For a buy, for example, is a big upper wick important? Or a lower one? Or maybe no wick at all? Regarding your screen shot, I see 2b formation. The second candle to the left of the A candle took out the previous low. Let's call that X candle. Then the top of the X candle was broken by the A candle, but a very week break, barely managed to break it, and...
Hi,

When we use the HeikenAshi HA or the Average Price Bar APB candle , we prefer to see the candles with little or no wicks at the bottom for bullish strength. The opposite for bearish strength. I think this was explained in one of the Synergy model pdf.
Personally I prefer to look at the price bars over the APB. I look at the APB body and if there are upper and lower wicks is a good warning of potential phase change in the price.

About the AUDUSD Weekly chart, I made some new comments n the chart below. Also the second hart below show how I trade the H4 using the Weekly chart as my plan.
*** Always pay more attention to support turn resistance after they are tested and broken. The same for resistance broken and turn to support.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Weekly 39 - 42 POMO.png Size: 69 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD ME-ME trades week 41 and 42.png Size: 34 KB


***Note that I use the Synergy_Pro_TDI setting when I do my live trading.

Next week will still be buy only with ME/ME trading. We must watch how it will test the next resistance above. That is the risk if USD strengthen next weak.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,635
  • Oct 18, 2015 7:09am Oct 18, 2015 7:09am
Quoting pete.alfa
{quote} Thanks emmanuel for the info, & thanks to Big E(RIP) & everyone in this thread. I have been studied this thread for few weeks. I have some questions & please forgive me if these 2 questions have been asked. 1. what is your criteria of A+++ set up? 2. stop loss condition Cheers
Hi,

Sorry that I missed replying your post. Too busy last week and missed reading all the important posts.\

What is a A+++ trade set-up?
A technical setup is seen with Price Action at Support & Resistance as a Continuation in an established Trend. The Trend must be reconciled in three different timeframes using Multi TimeFrame analysis and there must be Momentum seen in both the real Price Bar and APB candles. The market must not be in narrow Range consolidation and the Timing must be right for market entry and when the market shows Volatility and Strength.
Note: For reversal setups with entry using APB candle #1 and candle#2, these are aggressive entry hence have more risks, ....
Post#60,281

Initial Stop Loss:

When you are taking a reversal setup, the 'safest' technical SL should be placed below the last swing low or the last swing high of the reversal.
There are different situations where we can place smaller SL and that depends on the chart timeframe of your trade. using volatility based SL is one method.
One other way is when I trade the Weekly chart setup, I would place my initial SL using the two-candles look back.
Like the EURAUD chart below, next week I would be selling, my SL would be the high of week 41 candle high.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Weeek 43 trade plan.png Size: 31 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,636
  • Oct 18, 2015 7:20am Oct 18, 2015 7:20am
Hi Folks,

Here is my trading results for Weeks 41 and 42 trading TMS Weekly and Daily charts using Multiple Entries and Multiple Exits ME/ME money management strategy.
Do not be afraid to trade the Weekly chart timeframe. It is the most profitable and a lot less stress when you can trade with ME/ME using small %risk of your trading capital.

Total number of trades: 269
Total number of pips : 17,222 pips
Average pips per win trade: 64 pips
Average $ per win trade : $81.35

Attached Image (click to enlarge)
Click to Enlarge Name: Week 41 - 42 MEME trades closed.png Size: 60 KB


Have a Good Trading week ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,637
  • Oct 18, 2015 8:28am Oct 18, 2015 8:28am
Quoting emmanuel7788
{quote} Hi, When we use the HeikenAshi HA or the Average Price Bar APB candle , we prefer to see the candles with little or no wicks at the bottom for bullish strength. The opposite for bearish strength. I think this was explained in one of the Synergy model pdf. Personally I prefer to look at the price bars over the APB. I look at the APB body and if there are upper and lower wicks is a good warning of potential phase change in the price. About the AUDUSD Weekly chart, I made some new comments n the chart below. Also the second hart below show...
Thanks, Big Emm!

You are right, candle A did broke the candle X's high. I was just looking at the APB when I made the affirmation. But Japanese candles clearly show there was a break. I should have checked them, too.
  • #61,638
  • Oct 18, 2015 8:36am Oct 18, 2015 8:36am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting emmanuel7788
Hi Folks, Here is my trading results for Weeks 41 and 42 trading TMS Weekly and Daily charts using Multiple Entries and Multiple Exits ME/ME money management strategy. Do not be afraid to trade the Weekly chart timeframe. It is the most profitable and a lot less stress when you can trade with ME/ME using small %risk of your trading capital. Total number of trades: 269 Total number of pips : 17,222 pips Average pips per win trade: 64 pips Average $ per win trade : $81.35 {image} Have a Good Trading week ahead.

that needs discipline and patience, my respect
from level to level - you need mental strength to reach the summit
  • #61,639
  • Oct 18, 2015 9:12am Oct 18, 2015 9:12am
Quoting emmanuel7788
{quote} Hi, Sorry that I missed replying your post. Too busy last week and missed reading all the important posts.\ What is a A+++ trade set-up? A technical setup is seen with Price Action at Support & Resistance as a Continuation in an established Trend. The Trend must be reconciled in three different timeframes using Multi TimeFrame analysis and there must be Momentum seen in both the real Price Bar and APB candles. The market must not be in narrow Range consolidation and the Timing must be right for market entry and when the market shows Volatility...
Hi Emmanuel. So you start with a 300+ SL on the EA chart? Even when you trade minilot it could be a big loss. Or do you change the SL while the trade is on?
  • #61,640
  • Oct 18, 2015 2:58pm Oct 18, 2015 2:58pm
on weekends im trading with TSTester.. and im failing, i dont know what im doing wrong, TDI/ema 5.. how big candle wick.. - im using but still go to minus
i think i need read more more more more more more..
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