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Trading Made Simple

  • #65,481
  • Feb 5, 2016 2:42am Feb 5, 2016 2:42am
hello all

it is my first time writing in a forum ever but this thread is amazing i only read the first 40 pages and i tried the method on a demo account with 6 wins and 3 losses and i think the losses happened because i didnt follow the exact rules .

so what i am asking here it is 3275 pages in this thread i will try to read them all but if anyone could help and tell me if the same rules big E put still in place or by the time things changed , i would be thankful

thank you all.
  • #65,482
  • Feb 5, 2016 3:16am Feb 5, 2016 3:16am
Hello, guys!

My H1 trading with the original method hasn't been very good in the first days of this week. I was thinking of sticking to H4 for the original method, and going back to my guppies template for H1. But yesterday it went well, I took a couple of trades, and I'll post one set and forget trade that hit TP during Asian.

AJ, H1, 67 pips.
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  • #65,483
  • Feb 5, 2016 4:10am Feb 5, 2016 4:10am
Quoting catalin_eros
Hello, guys! My H1 trading with the original method hasn't been very good in the first days of this week. I was thinking of sticking to H4 for the original method, and going back to my guppies template for H1. But yesterday it went well, I took a couple of trades, and I'll post one set and forget trade that hit TP during Asian. AJ, H1, 67 pips. {image}

if you look at AU, EU, GU, AJ and EJ.. you will find at least 5 good H1 trades every week.
just a matter of your trading hours and what type of setups you have in your trade plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,484
  • Feb 5, 2016 4:13am Feb 5, 2016 4:13am
Quoting Iainc
{quote} Hi pete.alfa, Thank you for your reply. Unsure which thread (10 pages) you refer to but please advise and I will read. Also the question I was asking Emmanuel about was his indicator TMS Monitor. I have found a version but not as detailed as that one. Thanks again. Cheers
Hi Iainc
There 10 pages in this thread you should read them all.
http://www.forexfactory.com/showthread.php?t=303347
  • #65,485
  • Feb 5, 2016 4:18am Feb 5, 2016 4:18am
Quoting Scrambleguy
{quote} Hi Emm, Because I live in the Uk and my preferred trading is the London open and New York do you suggest stick to the 4hr because the daily tf is best taken at asia open? Regards

You can continue to trade H4 and add D1 trading in your business plan. I suggest you have a different trading account for D1. This will enable you to analyse your trading performance for the 4H swing trades and the D1 position trades.

I have been trading all three timeframes - H1, H4 and D1 for many years. Just that for 2016, I decided to stop trading H1 intraday and put more focus into developing D1 trading with larger account. Just a slight change in financial goal for 2016 .

As a full time trader, you must be able to trade all different timeframes.

read my reply to Snarlyjack : Post#52,347 using TMS 5-Method develop 3 systems...SMART objectives
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,486
  • Feb 5, 2016 4:44am Feb 5, 2016 4:44am
Quoting salahmaadawy
hello all it is my first time writing in a forum ever but this thread is amazing i only read the first 40 pages and i tried the method on a demo account with 6 wins and 3 losses and i think the losses happened because i didnt follow the exact rules . so what i am asking here it is 3275 pages in this thread i will try to read them all but if anyone could help and tell me if the same rules big E put still in place or by the time things changed , i would be thankful thank you all.
Here is a quick introduction to this Trading Made Simple thread:
Trading made Simple for beginners : Post#52,707
A short history by pioneer member snarlyjack Post#110
Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,
After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432
In Post#1, he explained how he traded the H4 chart timeframe and he also trade the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.
Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.
TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template Post#25
Latest Indicators:
The only two indicators which we use and the most recent versions are:-
the Synergy_Pro_APB which has the Price Action Channel build-in
the Synergy_Pro_TDI, an updated version which work in realtime market
these are found in the package Synergy_Pro zip : Post#50,241

Recommendations:
Read all of Big E posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.
Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,487
  • Feb 5, 2016 5:02am Feb 5, 2016 5:02am
Read Post#647

and do this

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,488
  • Feb 5, 2016 5:10am Feb 5, 2016 5:10am
Quoting catalin_eros
Hello, guys! My H1 trading with the original method hasn't been very good in the first days of this week. I was thinking of sticking to H4 for the original method, and going back to my guppies template for H1. But yesterday it went well, I took a couple of trades, and I'll post one set and forget trade that hit TP during Asian. AJ, H1, 67 pips. {image}
Hi catalin_eros

Are you using machine gun to trade 1hr chart?
I can see you are trading so many pairs and mostly are winners only few losses
Do you mind to share your 1hr trading method? I just want to have a try 1hr trading when I'm free.
but I think I will stick with EU AU GU AJ & EJ and add gold for daily or 4hrs charts(as Emmanuel recommended)

Thank you
  • #65,489
  • Feb 5, 2016 5:31am Feb 5, 2016 5:31am
Quoting emmanuel7788
{quote} Here is a quick introduction to this Trading Made Simple thread: Trading made Simple for beginners : Post#52,707 A short history by pioneer member snarlyjack Post#110 Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods. 5-Method and...
Emm i really cant thank you enough. your answer is the ideal and i never thought i would get a perfect summery for the thread when i asked the question but here it is
i just finished the babypips school and lucky me this is the firs trading system i thought i would try and it will be the only one i hope i will follow all your instructions
thank you again
  • #65,490
  • Feb 5, 2016 6:21am Feb 5, 2016 6:21am
Quoting emmanuel7788
Read Post#647 and do this {image}
no that candle is weak.
  • #65,491
  • Feb 5, 2016 8:44am Feb 5, 2016 8:44am
Quoting emmanuel7788
{quote} if you look at AU, EU, GU, AJ and EJ.. you will find at least 5 good H1 trades every week. just a matter of your trading hours and what type of setups you have in your trade plan.
​Dear Emm, Can you please clarify you opinion on h1 trading as you are talking about having 5 good set ups ( above ), however in your quote here from yesterday you say:

"H1... forget about trading H1. You will lose more than you win."

So there is a little confusion in my mind whether to completely forget hr1 and concentrate on h4, because there are traders on here like Dimi and Scorps who seem to do very well on h1 TF.

I would appreciate your thoughts.
  • #65,492
  • Feb 5, 2016 10:21am Feb 5, 2016 10:21am
Quoting pete.alfa
{quote} Hi catalin_eros Are you using machine gun to trade 1hr chart? I can see you are trading so many pairs and mostly are winners only few losses Do you mind to share your 1hr trading method? I just want to have a try 1hr trading when I'm free. but I think I will stick with EU AU GU AJ & EJ and add gold for daily or 4hrs charts(as Emmanuel recommended) Thank you
Hello, Pete!

I am not really a machine gunner. And lately I have not been trading as much as I did, because I have been very busy and I will still be. The main focus on this thread now seems to be on trading with the original method, just APB, original TDI and stochastics. I have been doing well on H4 with the original method, but on H1 I had ups and downs (with the original method). But since Dimi is so successful with it, I will try to make it work for me too. And the entry rules are those that Big E used. And actually the same that Dimi uses. You know, candle 2, good TDI angle, stoch confirmation.

Have a good weekend ahead!

EDIT:
P.S.: I am still trying to figure out if the exit on H1 original method should be based on TDI (as Big E did it), or if it should be based on fixed SL and TP. Time will tell.
  • #65,493
  • Feb 5, 2016 10:33am Feb 5, 2016 10:33am
EA - H1 long after NFP , +50 pips
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I Have Learned to Take Some Losses to Make Profits
  • #65,494
  • Feb 5, 2016 10:35am Feb 5, 2016 10:35am
Quoting emmanuel7788
Read Post#647 and do this {image}
Although there is 2b formation, there are too many rejections in that area. It is consolidating and the range is small. There is TL. There is R which turned into S. Assuming I will have a good TMS signal, I would be interested to sell it based on the M pattern, and that requires a break of the low of the blue candle (the 4th counting from the right), and I would be interested to buy it on the break of the flag pattern. What's you opinion?

P.S.: Can you point me to the post about RSI that you shared a while ago, please? Or post the pdf again, if it is more comfortable.
  • #65,495
  • Feb 5, 2016 10:54am Feb 5, 2016 10:54am
AUD USD

entry in 1H

55 pips

SL move after BE.
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  • #65,496
  • Feb 5, 2016 11:35am Feb 5, 2016 11:35am
Quoting catalin_eros
{quote} Although there is 2b formation, there are too many rejections in that area. It is consolidating and the range is small. There is TL. There is R which turned into S. Assuming I will have a good TMS signal, I would be interested to sell it based on the M pattern, and that requires a break of the low of the blue candle (the 4th counting from the right), and I would be interested to buy it on the break of the flag pattern. What's you opinion? P.S.: Can you point me to the post about RSI that you shared a while ago, please? Or post the...
are these the RSI posts you are looking for:
How to create the TDI using the RSI available in other platform: Post#15,546
Fozzy RSI Method Post#59,617
Synergy_Pro_TDI settings: Post#59,624

Read this book
RSI: The Complete Guide Post#27,110 by John Hayden
The Truth about Divergence ... read Chapter 4 Page 65
Trend Determination using the RSI (TDI) Post#26,774
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,497
  • Feb 5, 2016 11:37am Feb 5, 2016 11:37am
I screwed up last week for ME/ME trading because I did not strictly follow my trading plan and rules of the system or you can say it takes much time to form your own trading style based on your personality.

This week, after a deep reflection with the mistakes I made and the use of the EA for managing money & risk and adding new trades for a position, the trading performance is turning good. But consistency and persistency to make a long term profit are still my weakness, hope I can do better later on and try my best to be stable. Now I deeply believe that perseverance is always the key to success.

2016 Week 5 Summary
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  • #65,498
  • Feb 5, 2016 11:53am Feb 5, 2016 11:53am
Quoting teslaYoung
I screwed up last week for ME/ME trading because I did not strictly follow my trading plan and rules of the system or you can say it takes much time to form your own trading style based on your personality. This week, after a deep reflection with the mistakes I made and the use of the EA for managing money & risk and adding new trades for a position, the trading performance is turning good. But consistency and persistency to make a long term profit are still my weakness, hope I can do better later on and try my best to be stable. Now I deeply believe...

Well done! I am really happy to see this results.

You learned from your own mistakes and took corrective action. There must be urgency for this and you did not procrastinate. This is very important to achieve good results.

One very important thing is to keep account drawdown very small below 10% throughout the trading cycle. The way to do this is to cut loses very quickly and do the recovery in shorter time than the drawdown period. Once you learn to do this, the action to 'let profits run' become clearer and easier to do.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,499
  • Feb 5, 2016 11:57am Feb 5, 2016 11:57am
Quoting emmanuel7788
Read Post#647 and do this {image}

for those who still think of how to answer this post,

keep it simple.

read Post#647 and use that checklist questions.

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,500
  • Feb 5, 2016 12:09pm Feb 5, 2016 12:09pm
Hi Emmanuel7788 you have mentioned this,..

"One very important thing is to keep account drawdown very small below 10% throughout the trading cycle. The way to do this is to cut loses very quickly and do the recovery in shorter time than the drawdown period. Once you learn to do this, the action to 'let profits run' become clearer and easier to do. "

Do you have any way or advise to get this? Sometimes i find it very difficult, it can be a psychological matter, any advise or pdf you could share? thank you.
“Stops don’t limit profits — they prevent disasters.”
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