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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

  • #66,221
  • Feb 25, 2016 5:47pm Feb 25, 2016 5:47pm
Quoting teslaYoung
The ME/ME trades for 2016 Week 8 I have closed all the trades for week 8 because I am both mentally and physically tired, I choose to leave no orders in the market this week so I can take a long break and have enough time to reflect and evaluate my performance thoroughly. I will have a good start next week The summary for Week 8 is shown below: Total Trades: 73 Winning Trades: 50 Losing Trades: 23 Average Winning Pips per Trade: 32.79 Average Lot Size per Trade: 0.13 Average Winning Amount per Trade: $54.43 {image}

very good results and consistent too.

keep doing this and you will develop the stamina for trading. it is conditioning of your mind for trading what some call mental fitness.

I also close all my trades yesterday so that my broker can change my account type and migrate to another server by the month end.

Have a nice long weekend ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,222
  • Feb 25, 2016 6:01pm Feb 25, 2016 6:01pm
Quoting mousteven
{quote} {quote} Updating EURCAD chart... EURCAD D1 ME/ME summary This week, I think many charts have shown sign of bearish for EUR pairs, especially divergence has formed in some W1 charts and TDI crossed as well. I think this is why I decided to take the continuation on D1. Same strategy, using ME/ME to build my position during the retracement. Spaced out each entries using 0.5ADR(100) distance, my SL was 2*ADR(100) If you think that my entries on H4 are unreasonable, It's because I already set the pending orders and leave there waiting for them...
Do you believe in this pie chart?

Attached Image (click to enlarge)
Click to Enlarge Name: TMS piece of the pie.png Size: 28 KB


the method remains the same for all TMS traders.

you work on the money management strategy now.
we do not need to trade the same money management like Big E trading with 2 to 4 full standard lots per entry.
we do not use the TDI for exit. we learn to run our trades using the higher timeframe.

the third portion of the pie is 60%. which you will not find here in FF. this will be your challenge to learn how to detach your emotions from the market. it is about PEAK PERFORMANCE which comes in various levels. at its highest level, it is about having the mental strategies for you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,223
  • Feb 25, 2016 6:10pm Feb 25, 2016 6:10pm
Quoting Islandfx911
Shorted EC, Bearish Engulfing with trend, TDI X. {image}

very good trade.

an example of trading PASR using commonly seen price bar pattern with TMS 5-Method.

set and forget type of trade management works best, no use of TDI for exit when the higher TF are in confluence.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,224
  • Feb 25, 2016 6:27pm Feb 25, 2016 6:27pm
Quoting Trader MT4
Is this correct opportunity? {image}

in my technical view, EG rally is not done yet. just some profit taking this week.
we shall see when it will reacts at 0.7950 and 0.8025.

this is special pair with big pips $value.
I use this pair for recovery trading when EU and GU are sideways.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,225
  • Feb 25, 2016 6:30pm Feb 25, 2016 6:30pm
Quoting ruben7222
one of my open trades breakout through WRB (if i am correct?) it is valid entry, not? {image}

with that H4 WRB, you could have look for trades in H1 and get an earlier entry in H1.

avoid chasing after the market 'big candles' after a beakout.

wait for a price pull back to get into the market.

or you can try using position building so that you don't miss the entry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,226
  • Feb 25, 2016 7:01pm Feb 25, 2016 7:01pm
Quoting Johnboyninja
Hi Everyone. Does anyone know of an alert that can text when the tdi crosses by any chance? Cheers

you need to know more than just the TDI cross to find high probability setups to trade.

use the TMS Monitor alerts which can be very useful when you don't want to keep looking at many charts at the same time.

http://www.forexfactory.com/showthre...68#post8753868

today we have D1 chart buy alerts for UJ,AJ,EJ and GJ. Good one for scalp trades since it is Friday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,227
  • Edited 7:22pm Feb 25, 2016 7:08pm | Edited 7:22pm
Quoting TheScorpS
EA short for +50 pips, APB changed color to red, TDI cross {image}

very good trade.

price momentum entry ...

I have q uestion if you don't mind me asking.
- when you trade H1 the way you do, when do you move your initial SL? I see many of your H1 trades that you keep your SL and did not move to BE., and simply let your TP hit.

- sometimes you move your SL to BE, and extend your TP.

I want to help some traders set up their THV cavemanager EA to manage their H1 trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,228
  • Feb 25, 2016 7:48pm Feb 25, 2016 7:48pm
Quoting emmanuel7788
{quote} you need to know more than just the TDI cross to find high probability setups to trade. use the TMS Monitor alerts which can be very useful when you don't want to keep looking at many charts at the same time. http://www.forexfactory.com/showthre...68#post8753868 today we have D1 chart buy alerts for UJ,AJ,EJ and GJ. Good one for scalp trades since it is Friday.
HI,

I have a question. Based on my TMS, UJ and AJ does not have any daily cross on TMS . So how do you consider them as the daily high probability setups ?
  • #66,229
  • Feb 25, 2016 8:07pm Feb 25, 2016 8:07pm
Quoting mehdi343
{quote} HI, I have a question. Based on my TMS, UJ and AJ does not have any daily cross on TMS . So how do you consider them as the daily high probability setups ?

I did not say those UJ, AJ, EJ and GJ were high probability setups. I said they are good for scalp trades.... in and out in few hours, do not hold over the weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,230
  • Feb 25, 2016 8:09pm Feb 25, 2016 8:09pm
yesterday since I closed all my ME/ME trades, I tested ME/ME on M15 for scalping around news time.

worked out well and all manage by ME/ME trade manager EA.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS M15 scalping with MEME.png Size: 41 KB


need more demo tests ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,231
  • Feb 25, 2016 8:13pm Feb 25, 2016 8:13pm
First time posting, been following this for a couple weeks now...I really like Big E's system. I am still new to forex, still learning, but really do see the beauty of this system. My question though is there any of the old posts I should look back at. I have read through all of Big E/snarly Jack pdf that someone made. I started live with a very small account this week $60 just to see if I could trade this when actual dollars are on the line. Not planning to trade Friday so for the week my maximum was $66 but got in some bad trades that I let run for too long and down to $48 now. Had some very large stops (not 1%, mistake on my part). Is the original system still intact just HA, 5 ema shift 3, and TDI for entry/exit. Looking forward to being an active member of the forum and growing this new passion of mine. Next time I'll post charts of the trades I took, been a rough week with my newborn son so not a lot of free time to put that together. Any advice or suggestions would be greatly appreciated.
  • #66,232
  • Edited 9:09pm Feb 25, 2016 8:29pm | Edited 9:09pm
Quoting Epicdad
First time posting, been following this for a couple weeks now...I really like Big E's system. I am still new to forex, still learning, but really do see the beauty of this system. My question though is there any of the old posts I should look back at. I have read through all of Big E/snarly Jack pdf that someone made. I started live with a very small account this week $60 just to see if I could trade this when actual dollars are on the line. Not planning to trade Friday so for the week my maximum was $66 but got in some bad trades that I let run...

Hi,

Welcome and congratulations being a new dad. Enjoy the parenting. You have now one more reason to trade for his future.

My suggestion is that you read every thing Big E posted here in FF. Learn his style of trading and get to know the man.
Then master the 5-Method first. The think of the money management strategy which you want to use and help you build up funds for your son's growing up needs, and also for example his education.

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

All the best, new dad.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,233
  • Feb 25, 2016 10:54pm Feb 25, 2016 10:54pm
Quoting emmanuel7788
{quote} in my technical view, EG rally is not done yet. just some profit taking this week. we shall see when it will reacts at 0.7950 and 0.8025. this is special pair with big pips $value. I use this pair for recovery trading when EU and GU are sideways.
I was wondering if you would expand on this idea of recovery trading. I have heard of analyzing your losers and if they tend to bunch up; you can lower your position size till you come out of it. That's just about the only recovery technique I've heard of. It sounds as if you have a protocol. Would be a great bit to include in a trading plan...Thanks

LazyLobster
"IN CASH WE TRUST"
  • #66,234
  • Feb 25, 2016 11:39pm Feb 25, 2016 11:39pm
AUD/USD looks to be forming a double top at a key resistance level. I will be watching this trade.
Attached Image (click to enlarge)
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  • #66,235
  • Edited 1:54am Feb 26, 2016 12:39am | Edited 1:54am
Quoting emmanuel7788
{quote} with that H4 WRB, you could have look for trades in H1 and get an earlier entry in H1. avoid chasing after the market 'big candles' after a beakout. wait for a price pull back to get into the market. or you can try using position building so that you don't miss the entry.

but when i switch to 1 hr chart, (using the 4h wrb)
and the 1h candle breaks trough the 4 h wrb,
then i think there is a great possability that the 1 hr close through the 4 hr wrb is going to be a intraday breakout on the 4 hr.
so it can leads to many false signals.

and isn't it just better that you stay by the TF that you see the market formations on that same TF?
thereby i mean you switch to a different TF after a certain pattern (like WRB) is completed on the TF you spotted it on.
so you spotted WRB on 4h, candle closed through it, AFTER THAT you switch to, for example, 1 h.

or do i have a wrong idea of the market in my head
  • #66,236
  • Feb 26, 2016 12:49am Feb 26, 2016 12:49am
Quoting emmanuel7788
{quote} Do you believe in this pie chart? {image} the method remains the same for all TMS traders. you work on the money management strategy now. we do not need to trade the same money management like Big E trading with 2 to 4 full standard lots per entry. we do not use the TDI for exit. we learn to run our trades using the higher timeframe. the third portion of the pie is 60%. which you will not find here in FF. this will be your challenge to learn how to detach your emotions from the market. it is about PEAK PERFORMANCE which comes in various...
Hello Big Emm, thank you for the advice. Is there a book or video talk about mental strategies that influence you immensely that you could recommend us to read or watch ? Also if you could share with us from your own experience and process, that would be GREAT.
Regards,
steven
  • #66,237
  • Feb 26, 2016 12:56am Feb 26, 2016 12:56am
for better understanding of this Thread and setups, please guys advise me, which is the current setup you all are working on, please quote the post number and page number to read on.
  • #66,238
  • Feb 26, 2016 1:35am Feb 26, 2016 1:35am
NZDUSD H4 +150 (+50 +100)
Price reacted off the BRN confirmed by a strong TDI cross. Quite an aggressive entry for me but APB showed good momentum. Very slow moving pair. TP hit while I slept as I didn't expect such a big push up during Asian session.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,239
  • Feb 26, 2016 1:59am Feb 26, 2016 1:59am
Quoting emmanuel7788
{quote} Hi, Welcome and congratulations being a new dad. Enjoy the parenting. You have now one more reason to trade for his future. My suggestion is that you read every thing Big E posted here in FF. Learn his style of trading and get to know the man. Then master the 5-Method first. The think of the money management strategy which you want to use and help you build up funds for your son's growing up needs, and also for example his education. Here is a quick introduction to this Trading Made Simple thread: Trading made Simple for beginners : Post#52,707...

You are truly a gift for us here Emmanuel!
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #66,240
  • Feb 26, 2016 2:35am Feb 26, 2016 2:35am
EU +25pips
Attached Image (click to enlarge)
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hassan65