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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

  • #65,941
  • Feb 18, 2016 5:57am Feb 18, 2016 5:57am
Quoting floydd
quick question: is there a reason most of the more advanced people do not post losing trades? personally, i benefit a bunch from seeing trades that don't work out esp when they were taken by my betters and not just by beginners like me.
In the past, I have posted an incredible amount of losing trades. I used to post only losers and treated my winners like "lucky shots" in some way.

Here is one trade yesterday that did not work out:

Moved SL to BE when it stalled overnight. I could of closed but AUDUSD was looking quite strong. Stopped out half an hour after I moved to BE

There is an advantage to focusing on winning trades I think: You approach your trade with a positive attitude. Eelfranz expected any of his trade to be a winner straight from the get-go. (Ofcourse his 80% winrate helped).

Best,
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  • #65,942
  • Feb 18, 2016 6:02am Feb 18, 2016 6:02am
Quoting Scrambleguy
{quote} ​Hi Emm no I haven't confused two, I understand that ME/ME is money management with added positions/ exit etc, and the 5 method is Big E`s strategy, I just mean there seems to be a lot of talk about ME/ME which I think is/ will confuse a lot of newbies like myself, just my opinion
the 5-Method is so simple and don't need anyone to teach it over and over again.

the problem is people come to this thread at different times and do not start from Post#1 and also do not know the history of Big E.
they don't read the thread and I don't blame them. It's the same in all other threads people come and ask same same questions over and over again.
even after they read all the posts, they still face many problems, like different TDI versions posted and they have no confidence which is the correct one.
the big problem is many people come here do not have the basics of trading. another bigger problem is they read all the winning trades posted here and look so easy to make money. hard truth is 95% lose money.

very simple for newbies, they all should learn what TMS is all about.

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
  • #65,943
  • Feb 18, 2016 6:07am Feb 18, 2016 6:07am
Quoting Dimi.A
{quote} You're doing so well mate. This is what I like to see! And you're following the original Eelfran's Trading Made Simple methods too!
Hey Dimi,

How's things going? I miss your GIF's already

Looking forward to more of your trades!
  • #65,944
  • Feb 18, 2016 6:12am Feb 18, 2016 6:12am
Done 2 x 100 pips

THANKS EMM!

My first H4 trades, BigE Rules
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  • #65,945
  • Feb 18, 2016 6:16am Feb 18, 2016 6:16am
Quoting mortezakh
Hi Emanuel When you trade d1 tms me/me and you get 5 position in profit do you get more position or just 5 position? when you close your trade ? With tdi flat or another?

Hi,

yes, the maximum number of trades is 5 x 0.2% per one position.
very seldom we get to open 5 trades in one position because the retracement in trending market is usually quite shallow not more than 70%, hence 0.5ADR 100 days work out well. my statistics show an average of 3.5 trades per position.

I don't use the TDI Red Green so I don't use the TDI for exit. I use the TDI with the same setting as the Synergy Pro TDI.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,946
  • Feb 18, 2016 6:19am Feb 18, 2016 6:19am
Quoting Trader MT4
Done 2 x 100 pips THANKS EMM! My first H4 trades, BigE Rules {image} {image}

you are doing good like Big E.

100 pips at standard lot can make a lot of money...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,947
  • Feb 18, 2016 6:49am Feb 18, 2016 6:49am
<another one, just manual closed
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  • #65,948
  • Feb 18, 2016 6:50am Feb 18, 2016 6:50am
Quoting emmanuel7788
{quote} you are doing good like Big E. 100 pips at standard lot can make a lot of money...

Thanks, Emm
  • #65,949
  • Feb 18, 2016 9:09am Feb 18, 2016 9:09am
Quoting Scrambleguy
{quote} Totally agree, why do we only see winning trades most of the time? it cant be happening all the time, also the thread seems to be more about ME/ME now, not the basic TMS 5 method
AGREE, just as I expressed in my previous post:

http://www.forexfactory.com/showthre...55#post8761055

Thread is becoming a bragging thread; look, I have the biggest one!

People sharing useless indicators, and posting charts that cause REM!
  • #65,950
  • Edited 9:48am Feb 18, 2016 9:36am | Edited 9:48am
Quoting Karado58
{quote} AGREE, just as I expressed in my previous post: http://www.forexfactory.com/showthre...55#post8761055 Thread is becoming a bragging thread; look, I have the biggest one! People sharing useless indicators, and posting charts that cause REM!
Lovely I agreee!!!!!
  • #65,951
  • Feb 18, 2016 10:18am Feb 18, 2016 10:18am
Quoting emmanuel7788
{quote} read my post: http://www.forexfactory.com/showthre...81#post8750381 I had 32 losing trades between Jan 11 and Feb 12. never possible to have a 100% win rate. I doubt anyone has win rate better than Big E' 80%


Only one I can think of..... PHX62!


Hope your well.

regards

Adam
  • #65,952
  • Feb 18, 2016 11:17am Feb 18, 2016 11:17am
As these are in big demand apparantly: This one I could of banked some pips from but held for more and closed just above BE manually when it retraced.

Questions?
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  • #65,953
  • Feb 18, 2016 11:57am Feb 18, 2016 11:57am
Hey guys, I've been following this thread for a while and hope you're still recruiting newbies
I have my charts setup and hope yol will help out where I lag.

I'm currently looking at NZDUSD and it looks like there might be a possible bearish cross on the TDI but there's also DIVERGENCE(PA = HL | TDI = HH). I have also read on the thread that candle size is also important and the candles on the APB are fairly small. Is this a valid signal?

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I'm Darth Vader's lost child!
  • #65,954
  • Feb 18, 2016 2:01pm Feb 18, 2016 2:01pm
Quoting adamjhdavis
{quote}[/color][/size] Only one I can think of..... PHX62! Hope your well. regards Adam

Hi Adam,

one day I will share a little secret with you ...

honest, I will .. promise I will.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,955
  • Feb 18, 2016 2:10pm Feb 18, 2016 2:10pm
Quoting thaboonline
Hey guys, I've been following this thread for a while and hope you're still recruiting newbies I have my charts setup and hope yol will help out where I lag. I'm currently looking at NZDUSD and it looks like there might be a possible bearish cross on the TDI but there's also DIVERGENCE(PA = HL | TDI = HH). I have also read on the thread that candle size is also important and the candles on the APB are fairly small. Is this a valid signal? {image}
\

Hi,

just by looking at your H4 chart, and if you are an aggressive trade like Big E, there is no TMS setup candle.

but if you are a conservative, you should wait for the setup candle to close below the PAC which you have on your chart.

the D1 chart has a different story to tell and potential for coming days.

Trade well and trade safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,956
  • Feb 18, 2016 2:23pm Feb 18, 2016 2:23pm
Quoting Karado58
{quote} AGREE, just as I expressed in my previous post: http://www.forexfactory.com/showthre...55#post8761055 Thread is becoming a bragging thread; look, I have the biggest one! People sharing useless indicators, and posting charts that cause REM!

tell you what I benefit from this thread.

I learn about the members here by looking at their charts and reading what they wrote... their personality, their trading style, habits, knowledge, experience,etc.

somethings posted by members here are of value to my own development as a trader and to be a better trader.

but then many things that I learn here I learn not to do nor to follow.

from past experience, to unlearn somethings take a lot more time than to learn the same things.

I keep an open mind when I am in this thread.

thank you to all who post and share in this thread.

I learn every day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,957
  • Feb 18, 2016 2:35pm Feb 18, 2016 2:35pm
Quoting Trader MT4
<another one, just manual closed {image}

you did not follow Big E's exit rule...i.e.

exit when TDI hook back..

but you made money
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,958
  • Feb 18, 2016 2:57pm Feb 18, 2016 2:57pm
Quoting emmanuel7788
{quote} \ Hi, just by looking at your H4 chart, and if you are an aggressive trade like Big E, there is no TMS setup candle. but if you are a conservative, you should wait for the setup candle to close below the PAC which you have on your chart. the D1 chart has a different story to tell and potential for coming days. Trade well and trade safe.
Thanks for the reply Emm!

I noticed towards the last red candle's close, price pushed up and made the candle's body fairly smaller and that gave me the impression that the signal was probably a retracement of the previous bullish move. I would have blindly opened the trade and made a loss but i think going through the thread over and over again is coming in handy.

Thanks
I'm Darth Vader's lost child!
  • #65,959
  • Feb 18, 2016 3:19pm Feb 18, 2016 3:19pm
Quoting emmanuel7788
{quote} Hi, you did better than me on this one. I think you missed the ME3 trade on your D1 chart posted. but when you take your trades in D1 better to show the entries and exits on D1 chart. our trade add-on entries are based on ADR 100 days so they are not TMS entries seen in lower timeframe chart. however, when we show our trade entries and exits on H4 it can confuse others when they look at the add-on entries were not H4 TMS setups. below is my trades for this pair shown both in D1 and H4. {image} regards,

Hi Folks,

One member PM me ans asked about the trade chart I posted above.
His question was on the TP which he saw on my chart which I updated below.
Excellent question and that shows he has an eye for details and follow each trade very closely.

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My answer:
When I place each new ME/ME trade for EURCAD, there is a TP of 100 pips set. That 100 pips TP is way lower than what is seen on that chart.
However, when I open the second trade which is higher above, this second trade plus the earlier trade open, have an average entry price which is between the first trade and the second trade. My TP for 2 open trades is now 100 pips from the average entry price, hence this TP is move upwards and is closer to the first trade entry.

***Note that MT4 terminal only show the red SL and blue TP markers from the Account History after trades are closed.

Hope this is clearly explains and answer the question.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,960
  • Feb 18, 2016 3:27pm Feb 18, 2016 3:27pm
EURCAD H4 trade:

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