Trading Made Simple | Page 3264 | 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

  • #65,261
  • Jan 31, 2016 3:50pm Jan 31, 2016 3:50pm
Quoting emmanuel7788
Just completed analyzing my trade performance for the past 3 weeks ( Jan 11 to 29). It has not been that smooth as I would prefer. Have had a few problems and coupled with problems with my laptop PC, then went out to buy a new one but it ran Window 10 and had a QHD 4K display. Spend many days having to downgrade to Win7, then found many of my programs did not work well with the 4K display. Finally, did the best thing buy a business PC with Win7 Pro and the FHD display 1920 x 1080 resolution. Now I have a smile back on my face.... Starting in 2016,...
Hi Emmanuel,

We have seen here many profit entry exits but losses are also part of system, so Please can you post some of your ME stopped or closed in loss to understand this part as well along with entry.

Thanks

MK
  • #65,262
  • Jan 31, 2016 4:47pm Jan 31, 2016 4:47pm
Quoting mkfx
{quote} Hi Emmanuel, We have seen here many profit entry exits but losses are also part of system, so Please can you post some of your ME stopped or closed in loss to understand this part as well along with entry. Thanks MK

of the total 132 trades closed, there were 17 losing trades.

a profitable winning trading system is measured not by winning and losing trades, win rates, total pips, etc.

there are other factors to consider too.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,263
  • Jan 31, 2016 4:52pm Jan 31, 2016 4:52pm
Quoting TheScorpS
The thread is on wave 5 or so to speak, Big E started wave 1 RIP, it was then sent into a correction phase, Phx62 sent it into wave 3, until another phase of sadness and a complex correction into the trend of TMS, then Wave 5 started with Emmanuel being on the lead here, and its continuing non stop in an extension wave Thanks to all that keeps TMS running and live!

TSS,

you are too much into the EW thing.

actually Big E started two waves - 21/233 wave and the 5-Method wave.

he moved the 5-Method wave here and called it Trading Made Simple.

sadly he passed away in Oct 2012 and the wave never ended,

just a huge gap.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,264
  • Edited 5:54pm Jan 31, 2016 5:38pm | Edited 5:54pm
no matter the timeframe you trade, your initial stop loss depends on the currency pair's volatility and also other market factors.

the risk per trade remains the same be it 50 pips on H1, 100 pips on H4 or 300 pips on D1 timeframe.

if you risk , say 1% per trade, your overall risk will always be 1%.

1% is your trade Risk, not your your initial stop loss.

if you want to trade like Big E , with full standard lots and all place in one single entry and still do have not understood why he uses the TDI Red Green for his entry and exit, it is highly unlikely that you will make it to become profitable in 2016.

that is not a matter whether you trade H1, H4 or D1 chart timeframes.

there are so many things about trading in general that many of you still have not learned and mastered.

reading Big E posts and following his rules won't help you either when you do not have the basic knowledge about trading in general.

you won't find it here in forums like FF.

retail forex trading is a very tough business.

the market is very brutal and will not show any mercy.

the market treats both you and I the same.

how will you survive in this business?

what is your business survival plan?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,265
  • Jan 31, 2016 6:29pm Jan 31, 2016 6:29pm
Quoting Bardy
{quote} Fxafrica, that's a good link but most of what's in that article isn't useful for FX traders and TMS traders. Here's some links where it relates directly to FX & Price Action and which can be useful for the TMS 5 method. http://2ndskiesforex.com/trade-signa...-price-action/ Also found this to be very useful http://2ndskiesforex.com/trade-signa...-4hr-charts-2/ this is a compliment to the link prior http://2ndskiesforex.com/trade-signa...he-4hr-charts/...
Thank you Bardy Now I can see the picture clearer with 4hrs chart
  • #65,266
  • Jan 31, 2016 7:38pm Jan 31, 2016 7:38pm
Hi Emmanuel,

I know you trade Gold which I have some question whether I should take the trade.
Prices are above 10ema in weekly,daily,4hrs but not monthly so can we consider as reversal or not?

If we follow wave analysis - weekly as primary trend, daily as intermediate trend & 4hrs as short term trend.
Daily chart - prices are below 200ema about 100pips if SL is below last low about 100pips. Should we enter the trade?
4hrs chart - buy signal alert.

Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 499 KB
  • #65,267
  • Jan 31, 2016 7:56pm Jan 31, 2016 7:56pm
Quoting pete.alfa
{quote} Thank you Bardy Now I can see the picture clearer with 4hrs chart
You got it pete. The articles I posted are just to compliment the 5 method. I really do recommend that TMS traders read the link to Chris Capre's article on impulsive vs. corrective moves because it is sound advice to want to trade one move versus the other move. It really gets into the sort of price action Eelfranz wrote about.
  • #65,268
  • Jan 31, 2016 8:20pm Jan 31, 2016 8:20pm
So this a very nice video by Jason Stapleton that was put out yesterday about how to identify trends and how to plan a risk to reward trade based off the previous swing high. Everything he says in this video I swear Big E himself has stated. This video does not include any techniques that are outside of the box. This is simply basic technical analysis on 2 pairs everyone may want to look to trade the 5 method on. The AUDJPY and the USDCAD. Also watch to the end where he discusses the psychological aspects of trading a plan and having discipline. Enjoy https://m.youtube.com/watch?v=q6aL8-wWWxc
  • #65,269
  • Edited 9:10pm Jan 31, 2016 8:26pm | Edited 9:10pm
Quoting blackfriday
floydd: no, no, you are not off base, these are my problems, too.... I have studied Big E's and other training charts over and over, but it's different from actual trading, from taking every thing into account and making the correct decision at the right side of the chart meihk: thx for the training chart. Why do you consider the second and the third pair of blue lines as CT? The slope of MBL and red TDI is positive and your support line, too
Quoting floydd
meihk: according to my reading of the Big E's past posts, he would recommend a beginner not take the signal from the first two yellow vertical lines, since the body of the HA candle is too small and the upper/lower wicks imply indecision. right? third yellow line looks good. ditto the forth. as to the fifth, wouldn't he say that signal candle is too small to be meaningful? in hindsight, sure, looks good; but in real time? 6th, good. at the 7th, the red line that comes first has too much wick on either side to be considered a signal line, right?...
Hi blackfriday and floydd,

I'll try my best to answer you guys questions.

Trading with HA candles is good because it's simple to read, the red HA candle before the first pairs of blue lines is hinting some thing is up with the market (wicks on top and bottom also long wicks and with a small body) maybe a retracement is about to start or change of direction (same for red and green HA), the candle did not make a new LL but made a new HL and HH before it close. the next couple candles show a break of the LH the white dots line, strong signal that maybe a start of retracement. that same day price close with TDI cross on the daily chart, HA candle haven't change color yet(still red), the next day the HA candle color change when it close on the daily chart (a strong confirmation signal or the 1# ABP/HA setups if you want to trade CT). retracement can last a few days (3-8 HA candles).

Trading with the TDI, we want to look at PA first (the ABP/HA candles or Japanese candles) what it's hinting us, then we look at the TDI. look at PA on the training chart i post, we follow HTF trend, we see green candles before the red ABP/HA signal/entry candles (red, yellow and green vertical lines). look at HA candles on the red and yellow vertical lines, then look at the TDI it showing us that hook or check when that candle close, for more experience traders they would've enter at the close of the red lines. for new traders we want to be alert or prepare for a trade setups when we see PA like the red and yellow lines. we can see the yellow lines are the 1# ABP/HA setups (TDI cross or about to, at the close of those candles) so we enter on the start of the green lines because TDI confirmations with momentum of PA. Take our profit/move to BE when we see small candles and small bodies.

we should always study and understand the tools (ABP/HA candles, japanese candles, TDI, Stochastic, EMA ) in our trading plans. don't even think about trading if we don't have that down yet.

Edit: I remember reading someone post asking about the stochastic 8,3,3. if you look at the times when market are in range you will see that it work quite good. look at the training chart i post, you can see that the Stochastic move in and out of the 80 and 20 level very clean showing you where you could have play the CT. I believe Big E was also using it similar ways with TDI cross for confirmations, its like he had tools for when price goes in range too.

new traders stick with the basic please don't trade the stochastic, use it as a directions tools with TDI cross like how Big E use it.

good luck this week everyone,
Meihk
  • #65,270
  • Jan 31, 2016 10:32pm Jan 31, 2016 10:32pm
Good Morning TMS

EA on H4 chart for the day , respecting or breaking the channel
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-02-01_6-58-21.jpg Size: 407 KB
I Have Learned to Take Some Losses to Make Profits
  • #65,271
  • Jan 31, 2016 11:21pm Jan 31, 2016 11:21pm
Quoting TheScorpS
Good Morning TMS EA on H4 chart for the day , respecting or breaking the channel {image}

keep it simple,

until I see a minimum two D1 bars bullish pattern and a D1 TMS setup candle, I won't be buying yet.

for now, it is still selling with initial SL above last week high.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,272
  • Jan 31, 2016 11:24pm Jan 31, 2016 11:24pm
Hi Emmanuel778,

I'm happy to hear you will be teaching us how to trade the 4hr chart using the 5 method with ME/ME this year, i've been waiting for this!

thank you,
  • #65,273
  • Jan 31, 2016 11:27pm Jan 31, 2016 11:27pm
Quoting TheScorpS
Good Morning TMS EA on H4 chart for the day , respecting or breaking the channel {image}
to me it's a sell and I actually took a sell last friday on the 4 hour and also added another one on the 30 min just a short while ago..my stop is at 1.5452
the cautious seldom err....C
  • #65,274
  • Jan 31, 2016 11:30pm Jan 31, 2016 11:30pm
Quoting pete.alfa
Hi Emmanuel, I know you trade Gold which I have some question whether I should take the trade. Prices are above 10ema in weekly,daily,4hrs but not monthly so can we consider as reversal or not? If we follow wave analysis - weekly as primary trend, daily as intermediate trend & 4hrs as short term trend. Daily chart - prices are below 200ema about 100pips if SL is below last low about 100pips. Should we enter the trade? 4hrs chart - buy signal alert. Best regards, {image}

hi pete,

No need to do any wave analysis for this.

see this post link below. I have a very simple way how I trade EOD for stocks and Gold included.

http://www.forexfactory.com/showthre...92#post8555392

on current day chart, we have short term resistance .. last week's swing high.
if market overcome that resistance 1125, then we have some bullish days.
target 1134 and 1141.

Asian markets still nervous ....

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,275
  • Feb 1, 2016 12:44am Feb 1, 2016 12:44am
Quoting Meihk
{quote} {quote} Hi blackfriday and floydd, I'll try my best to answer you guys questions. Trading with HA candles is good because it's simple to read, the red HA candle before the first pairs of blue lines is hinting some thing is up with the market (wicks on top and bottom also long wicks and with a small body) maybe a retracement is about to start or change of direction (same for red and green HA), the candle did not make a new LL but made a new HL and HH before it close. the next couple candles show a break of the LH the white dots line, strong...
  • #65,276
  • Feb 1, 2016 1:05am Feb 1, 2016 1:05am
From reading the PDF, even though we refer to the method as the 5 method, the 5 ema is not the critical part of the method, far from it, Big E says the TDI is KING, and the 5 ema he has on the chart is because he likes it, and there are many trades he takes where he does take it into consideration and see's how the price reacts to it, but he did take longs when the price was below it.

Personally at the moment I don't like it, but I do prefer to have the Stochastic on, I know what it's telling me, but I'm not ruling out a change in the future, it's bad to change your system and jump from one strategy to another, but small tweaks to suit yourself I think are good as you develop your understanding.

emmanuel, you have so much patience, but more than that you put so much effort into helping others, obviously I don't know you peronally, but I see signs of a very good man indeed, indeed. You must have a barrow full of karma chips as well as pips
  • #65,277
  • Feb 1, 2016 1:27am Feb 1, 2016 1:27am
Quoting emmanuel7788
Hi Folks, I got a few PMs asking me about my post today on trading Gold on Day chart so I put this together very quickly in very simple form. Not sure if this is good enough to explain how I do it. But when you trade the stock market and also Gold, then you must read up on Darvas trading system theory which a trading method I follow for many years. Same template using TMS 5-Method on day chart timeframe. {image}

Hi Emmanuel


Are these guidelines are in general or only for GOLD ?

thanks
  • #65,278
  • Feb 1, 2016 3:19am Feb 1, 2016 3:19am
Quoting Dimi.A
Hi traders, I've been getting quite a few private messages from newer TMS traders asking if they could get in contact with Big E (Eelfranz). I'm just letting you guys know unfortunately, you won't be able to contact him as he passed away a few years back. The TMS trading manual What I would like you guys to do is save this PDF to your desktop and study it. It's all of Big E's posts and chart examples and this is what I used to learn and perfect the TMS. This was (and still...

Hi, Dimi!

Based on the previous blue candles, the bulls exhaustion was obvious. But I must admit that the look of the previous bar and the very close S area would have kept me out of that trade. I am glad it worked out that well for you. One question: do you ever take into consideration S/R, or only when it is obviously very strong?

Thanks in advance!
  • #65,279
  • Feb 1, 2016 3:32am Feb 1, 2016 3:32am
Quoting emmanuel7788
{quote} Hi Bardy, Some very good reading and study stuff you provided in this thread lately. Many thanks for all the upload links. I LIKE! Members here need good reliable resources for reference and clock those hours of learning experience accumulate their wealth of knowledge which they will build a strong foundation for their forex trading business. I don't know this Jason Stapleton guy but reading his interview, some of the things which he mentioned made a lot of sense and those were things I did many years ago which helped me reached...
I know him, he likes harmonics. He provides good info for those who like harmonics. But I did not seem to fall in love with those patterns, so I chose different approach for trading.
  • #65,280
  • Feb 1, 2016 3:53am Feb 1, 2016 3:53am
Quoting Bushy
... emmanuel, you have so much patience, but more than that you put so much effort into helping others, obviously I don't know you peronally, but I see signs of a very good man indeed, indeed. You must have a barrow full of karma chips as well as pips
Strongly agreed and seconded!
77 traders viewing now