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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

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Trading Made Simple

  • #65,801
  • Feb 15, 2016 3:37pm Feb 15, 2016 3:37pm
Quoting emmanuel7788
{quote} perhaps 3 of us, with you, tibovwh and myself can now form a development group and start work on this TMS ME/ME trade manager.... what do you think? anyone else who can contribute and can commit time to this?
Hi Emmanuel, great idea! I have sent you a PM about that
Best regards, blackfriday
  • #65,802
  • Feb 15, 2016 4:00pm Feb 15, 2016 4:00pm
is this a good set-up for short?
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  • #65,803
  • Feb 15, 2016 4:10pm Feb 15, 2016 4:10pm
Quoting verglas
is this a good set-up for short? {image}
Shorting in a support ? Basic priceaction ...NO
Risiko birgt immer auch die Chance.
  • #65,804
  • Feb 15, 2016 4:24pm Feb 15, 2016 4:24pm
Quoting blackfriday
{quote} Hi Emmanuel, great idea! I have sent you a PM about that
Hi,

OK. I'll try reply my PMs backlog over the next few days.
Thanks.

Have a Good trading Week!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,805
  • Feb 15, 2016 4:42pm Feb 15, 2016 4:42pm
Quoting WestCoastCat
Hi Emm... I have a question. I have been following the thread for some time. I think I may be confused. In your list of trading rules, you say if trading the 4H TF, you should make sure the 4HR, D and W are all in alignment. I'm assuming you mean all either short or long? If this is so, it appears that a lot of good trades go by with only two TF in agreement. Is confirming all three TF are in agreement to insure winning %?
Hi WCC,

Yes, as general rule I would like to see all 3 TF's aligned in same direction when I trade the 4H Swing.
But to every rule, there can be exception. That depends on the duration of our trade .

TMS traders like Big E believe in that each price swing move 3 to 8 candles and he would enter on candle #1 and #2, and would catch 2-3 candles for profits.
He is what I consider a short term trader and an aggressive trader. He was very good with 80% win rate.
There are TMS medium term traders, they try to capture profit for the entire 3 to 8 candle swing. These trades can run for 2 to 4 days in one single week.
Then there are long term traders who will trade only when all 3 TFs are aligned and they will convert their 4H swing trading to D1 position trading and let their trades run into several weeks.

What is also important is what the market condition is and whether the market range is good for 4H swing.
We can trade counter trend like for example yesterday we have Day Inside Bar breakout for AJ, EJ, GJ and UJ.
These pairs were bearish seen in the Weekly, but last Friday were all consolidation seen with that Friday Day Inside Bar.
Some of us caught that Day IB breakout on H4. We traded against the Weekly and also the Daily.

How we view the market trend is a skill which we all need.
My favourite pic below.

Attached Image


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,806
  • Feb 15, 2016 5:06pm Feb 15, 2016 5:06pm
Quoting Hanoverfiste
Good Morning!, I am just learning the ropes here, I started reading this thread last week, I am up to around page 140. today i took a glance at the last few pages of this thread and there seems to be alot of talk about week and day timeframes, has this method changed drastically from the commencement of this thread? I know I have alot more reading and studying to do.
Hi,

Welcome.
You are correct that we talk about the day and week timeframes when we trade. this what we learned from Big E.
In his post#647, he taught us to question if we are in "uptrend or downtrend...short & long term".
Trading Made Simple is the 5-Method which started in he Craig Harris Stochastics CSH thread.
Big E started this thread for us to share and discuss 5-Method after the CSH thread was placed in the Commercial Content forum.
You do have a lot to catch up, but I recommend you do the fast track and spend your time reading and studying Big E posts and his training charts posted in both the CSH thread and here.

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
When you want ot take a TDI trade, always check #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

It's a long journey to become a trader,

Have Fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,807
  • Feb 15, 2016 5:33pm Feb 15, 2016 5:33pm
Quoting tibovwh
{quote} Hi Emmanuel, I see, like you stated, you go against the previous W1 candle in this case which was buy. Do you take this trade as a scalp or are you entering with idea to start a swing trade targetting a percentage of AWR? Best,

Hi,

when you do not have agreement with Triple Screen, you have to decide whether you want to be ...

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I prefer to the one who will get the cheese.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,808
  • Feb 15, 2016 5:49pm Feb 15, 2016 5:49pm
Quoting kevinfeng
including closed AUDJPY pair, there are some positions still opening: EURCAD buy EURUSD buy GBPJPY short NZDJPY short and all those trade seem to be in wrong direction now. the total risk is more than 6% which i think is too high. and i feel it is difficult to manage orders now, i dont know if i calculate the position size correctly there is lot of thing to learn to trade with MEME Method. {image}
hi Kevin,

First, do not use that TMS Monitor for buy/sell signal. Use that only for alerts only to show what the HA, TDI and 5EMA status on the tf displayed. Then when you have the alerts, you then go back to your Big Picture Plan and follow your trade plan for the day/week/...

Second, since you are learning ME/ME money management strategy using a demo account, you can trade several pairs at the same time. But you realised it is very difficult tp manage several pairs at the same time. The experience doing this will help you learn faster and in shorter time. Remember I took 18 months and more than 50,000 trades.

Third, to help us make quick decisions while trading, experience matters a lot. But we also need trading tools to assist us in our work. For lot size and position size calcualtion, simply use a spreadsheet like MS Excel and doing that manually. There are MT4 scripts and EA trade managers, we learn to use them.

BTW, we have AJ trade invalidation when Day closed. So its time to do recovery of that 1% loss.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,809
  • Feb 15, 2016 5:52pm Feb 15, 2016 5:52pm
Quoting emmanuel7788
{quote} Hi WCC, Yes, as general rule I would like to see all 3 TF's aligned in same direction when I trade the 4H Swing. But to every rule, there can be exception. That depends on the duration of our trade . TMS traders like Big E believe in that each price swing move 3 to 8 candles and he would enter on candle #1 and #2, and would catch 2-3 candles for profits. He is what I consider a short term trader and an aggressive trader. He was very good with 80% win rate. There are TMS medium term traders, they try to capture profit for the entire 3 to...
Emm, thanks for the great response as always. I appreciate it and all the work you put into this thread.
How many people here have telekenetic powers?...raise my hand
  • #65,810
  • Feb 15, 2016 5:56pm Feb 15, 2016 5:56pm
Quoting tibovwh
{quote} I had a look at my charts to try and train my third eye like yours... Do you consider the W1 as reversal? Previous week is a pinbar but also an IB. I wouldn't really qualify it as one of your five reversal patterns on the W1? The trendline retest seems good tho. The trendline in D1 - How do you handle this? Do you wait for a D1 signal to break this 10EMA/Trendline or will you start building expecting the break later on? I assume your Bias is mainly based on the double top + BEUB for this pair or am I wrong? Can we anticipate this trade in...

there is no such thing as a 'bad approach'.

your either use a right approach or a wrong approach.

the weekly is sideways ... 300pips range, favours a buy but that day double tops is what many see.

I prefer to stand aside until the herd make its move.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,811
  • Feb 16, 2016 12:32am Feb 16, 2016 12:32am
EURAUD 16 Feb H1 setup candle:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,812
  • Feb 16, 2016 12:56am Feb 16, 2016 12:56am
Quoting emmanuel7788
EURAUD 16 Feb H1 setup candle: {image}
I found these 4 things:

1. It's inside WRB,
2. It's still consolidate near BRN
3. trading agaisnt H4 and D1 bearish bias
4. trading against DOL
  • #65,813
  • Feb 16, 2016 12:57am Feb 16, 2016 12:57am
Quoting emmanuel7788
EURAUD 16 Feb H1 setup candle: {image}
bcz long term trend are not agree with Hi and price also below daily open line and there is a wide rang bar , hope i'm right
  • #65,814
  • Feb 16, 2016 2:22am Feb 16, 2016 2:22am
Quoting emmanuel7788
EURAUD 16 Feb H1 setup candle: {image}
H1 set up candle not taken due to:
Set up candle being referred to is shown at red vertical line for reference.
Price is within WRB and not much room to move, also resistance (blue line) just above price.
H4 and daily chart bearish sentiment.
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By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #65,815
  • Feb 16, 2016 2:24am Feb 16, 2016 2:24am
Quoting mousteven
{quote} I found these 4 things: 1. It's inside WRB, 2. It's still consolidate near BRN 3. trading agaisnt H4 and D1 bearish bias 4. trading against DOL


Quoting Pipbox
{quote} bcz long term trend are not agree with Hi and price also below daily open line and there is a wide rang bar , hope i'm right


well, that H1 WRB is very obvious at the BRN which is first sign of sideways market in that WRB high-low range.
also the higher TF 'trend'/bias is also obvious... so we do not trade against the higher TF - both the price action and the TDI.

we wait for the continuation ot the Day and trade away from the Day Open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,816
  • Feb 16, 2016 2:25am Feb 16, 2016 2:25am
Hi everyone. I am testing that system for about half of the week and I have some fresh fail questions. I'd be very grateful if you could give me a comprehensible answers about why those signals failed (even with sl a bit higher than previous candles).

My brokers time is GMT +2
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  • #65,817
  • Feb 16, 2016 2:26am Feb 16, 2016 2:26am
Quoting Downunder
{quote} H1 set up candle not taken due to: Set up candle being referred to is shown at red vertical line for reference. Price is within WRB and not much room to move, also resistance (blue line) just above price. H4 and daily chart bearish sentiment. {image}
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,818
  • Feb 16, 2016 2:35am Feb 16, 2016 2:35am
Quoting emmanuel7788
{quote} So its time to do recovery of that 1% loss. regards,
Hi,

I have read about this so many times but so far, I haven't yet fully understood what this means. Is this a general thing, just recovering it while you are doing what you were doing, or do you trade the opposite direction with the trade invalidation to recover this loss? Or have you posted something about this that I have missed before? Would be great if you could point me in the right direction...

Best,
  • #65,819
  • Feb 16, 2016 2:47am Feb 16, 2016 2:47am
Last week I started building GBPCAD Longs ME/ME. Unfortunatly I was stopped out tonight below 1.99

2% Loss


Best,
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  • #65,820
  • Feb 16, 2016 2:56am Feb 16, 2016 2:56am
Hi Emmanuel

What do you think about Gold?
H4 price was at 50ema and stochatic is below 20 and TDI is about to cross and price is around monthly R/S
Daily price pullback at fib38.2(continue the trend) but TDI & stochastic crossed down above 68

Best regards
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