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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #67,461
  • Mar 27, 2016 1:54am Mar 27, 2016 1:54am
Quoting emmanuel7788
TMS 10EMA Dashboard Attached dashboard which is used to show you when the price action is above or below the 10EMA in all chart timframes. Spend time and study the price behaviour in relation to the 10EMA on all TFs. You will see how useful that is and may change the way you look at trade setups. {image} {file}
Emma do you have de mq4 file for this 10ema dashboard? or I should update mt4?
  • #67,462
  • Mar 27, 2016 1:55am Mar 27, 2016 1:55am
Quoting TheScorpS
{quote} Nothing special about it, its just an EMA 10 indicator , I just sometime need a fast glance at where is PA on other time frames in relation to ema 10
thanks scorp!!!
  • #67,463
  • Mar 27, 2016 2:22am Mar 27, 2016 2:22am
The bane of my Forex trading career

"why is it that its when one enters a trading position that the trend ends and reverse on you?"
  • #67,464
  • Mar 27, 2016 2:33am Mar 27, 2016 2:33am
Quoting Tekkies
The bane of my Forex trading career "why is it that its when one enters a trading position that the trend ends and reverse on you?"

How often does that happens to you?

Perhaps you should start asking yourself how proficient are you at the basic forex stuff which Big E mentioned in his post#647 and how consistent are you in doing those basic checks mention in that post.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,465
  • Mar 27, 2016 2:41am Mar 27, 2016 2:41am
Quoting chiche
{quote} Emma do you have de mq4 file for this 10ema dashboard? or I should update mt4?

what you need is the SimpleEMAv3 posted here:

http://www.forexfactory.com/showthre...57#post8830657

this show you the actual location of the 10ema of the higher timeframes charts and you will see the price action better using this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,466
  • Mar 27, 2016 2:48am Mar 27, 2016 2:48am
Quoting catalin_eros
{quote} I've just found one good answer by looking at something that I do not use, and that is one of Scorps favourite: the MBL. I am looking forward to hearing your answer, too.

Big E did mention the use of the yellow line aka Market Base Line MBL if that give your more confidence.


http://www.forexfactory.com/showthre...49#post4666649

also in that post, he also look for trades when the TDI is above the 68-level and below the 32-level.

some other interesting he said about the TDI in that post.

but he did not have any rule regarding buying above the 50 level or selling below the 50-level.

http://www.forexfactory.com/showthre...19#post4671919
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,467
  • Mar 27, 2016 2:53am Mar 27, 2016 2:53am
Quoting blake12377
Hello all, I just started reading this thread a few days ago and have made it to page 57. From reading the last few pages of posts here and seeing the mention of EAs and other ways to use this system, it looks like Big E's wish kinda died. That being said, I understand that many things could have changed in the last few years with this current system so my question is could someone inform me and basically catch me up with how this system is working? From trading it last week, it does still deem profitable. Thanks in advanced!
Hi,

Nothing has changed to this 5-Method. You have to learn the 5-Method and master that first before you make any personal tweaks to it and make it into your own winning system.

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

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
  • #67,468
  • Mar 27, 2016 2:59am Mar 27, 2016 2:59am
Quoting catalin_eros
{quote} Hello, Emm! I have a question, if you do not mind. It is about correlated pairs. In my post above I took trades on GN, GC, GJ, and they were strongly correlated. GJ/GN +79 GJ/GC +63 GC/GN +80 I can either take all these trades with one third of normal position, or I can choose only one. I have some difficulties in picking the best one, and I need to know what would your criteria be for picking it. Have a wonderful weekend and Happy Easter to you, too!

Among all the correlated pairs, to pick the best pair to trade you look at your Big Picture Plan and make that decision.
Pick the prettiest looking pair.
Pick pairs which the reversal has been confirm and already trending, trade the CONTINUATION.
Avoid pairs that are in consolidation or near to consolidation zones.
Pick pair that has breakout potential and know the average weekly range of the breakout.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,469
  • Edited 7:03am Mar 27, 2016 3:59am | Edited 7:03am
Quoting Tekkies
The bane of my Forex trading career "why is it that its when one enters a trading position that the trend ends and reverse on you?"
every trade Emm until TMS

Attached Image (click to enlarge)
Click to Enlarge Name: Graviks.png Size: 80 KB


​Having a very very small account it is extremely hard to let go of M1 and M5
Bad trading habits die hard

In http://www.forexfactory.com/showthre...60#post8835160 was just old me trying a go at TMS
In http://www.forexfactory.com/showthre...43#post8835743 a way to trying to TMS chart reading

If not right just say so and they are removed in a blink of a mouse click
  • #67,470
  • Mar 27, 2016 4:37am Mar 27, 2016 4:37am
Quoting emmanuel7788
{quote} Hi, Nothing has changed to this 5-Method. You have to learn the 5-Method and master that first before you make any personal tweaks to it and make it into your own winning system. 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...
What an excellent Nutshell!

Ten points Emmanuel.

Warm Regards
  • #67,471
  • Mar 27, 2016 10:42am Mar 27, 2016 10:42am
Quoting emmanuel7788
{quote} what you need is the SimpleEMAv3 posted here: http://www.forexfactory.com/showthre...57#post8830657 this show you the actual location of the 10ema of the higher timeframes charts and you will see the price action better using this.
Thanks Emma for you time but I'm talking abot this one.
Attached Image (click to enlarge)
Click to Enlarge Name: a1355f96-6d59-43dd-aa8f-d2191055bdba.png Size: 1.7 MB
  • #67,472
  • Mar 27, 2016 11:57am Mar 27, 2016 11:57am
Quoting chiche
{quote} Thanks Emma for you time but I'm talking abot this one. {image}
Here its is chiche , hope this helps u somehow , please understand that this is not related to TMS in anyways, just basic EMA 10 MTFs
Attached File(s)
File Type: ex4 MTF-EMA-Info.ex4   12 KB | 409 downloads
File Type: mq4 MTF-EMA-Info.mq4   5 KB | 462 downloads
I Have Learned to Take Some Losses to Make Profits
  • #67,473
  • Mar 27, 2016 12:46pm Mar 27, 2016 12:46pm
Dear all,

How do you decide your next week bias in the following situation: weekly is downtrend, daily has a buy setup. Do you make plan A and B? wait for a Weekly close above 5 ema?

FOr example, USDCAD.

Weekly:
Attached Image


Daily:
Attached Image


Thank you for any help!

Happy Easter for those who celebrate today!

Bill
focus, manage risk, rinse, repeat
  • #67,474
  • Mar 27, 2016 3:10pm Mar 27, 2016 3:10pm
Hello! Who have Renko indicator for MT5?
Share please, thanks
  • #67,475
  • Mar 27, 2016 6:03pm Mar 27, 2016 6:03pm
The Smoothened Heiken Ashi Indicator on the first page won't load on my chart. Any reason why?
  • #67,476
  • Mar 27, 2016 7:24pm Mar 27, 2016 7:24pm
Quoting bill992
Dear all, How do you decide your next week bias in the following situation: weekly is downtrend, daily has a buy setup. Do you make plan A and B? wait for a Weekly close above 5 ema? FOr example, USDCAD. Weekly: {image} Daily: {image} Thank you for any help! Happy Easter for those who celebrate today! Bill

Hi Bill,

Happy Easter!

Today's market liquidity will be low due to Easter holidays in many countries.

Attached my BPP for USDCAD. This may help explain the bias I will take for this pair. Also read last weeks post on this pair and what I mentioned about the H4 retracement to the region 1.3150 and 1.3300. That retracement is completed and H4 traders may start look for selling opportunities.
But when we look at the Weekly candle close last week, that look bullish and engulfed the body of the previous week's candle.
On the D1 chart, we ha d a valid TMS buy setup and it is running into its 4th day now.
Both the Weekly and Daily supports a buy bias but where do we want to place our initial stop loss when we want to buy this week?
That's Plan A...BUY
What about Plan B should things turn around? What are the turnaround conditions that we must see to initiate our Plan B trade?

We should have a Plan C ready for next month's trading too... only 4 days to go and we shall be seeing this month's candle close. This week, we are "shadow trading".

regards,
Attached File(s)
File Type: pdf USDCAD Big Picture Planning Week 13 Mar 28 to April 1.pdf   224 KB | 658 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,477
  • Mar 27, 2016 7:25pm Mar 27, 2016 7:25pm
Quoting The7
The Smoothened Heiken Ashi Indicator on the first page won't load on my chart. Any reason why?

Download those indicators from post#25.
These are working ones.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,478
  • Mar 27, 2016 7:29pm Mar 27, 2016 7:29pm
Quoting krismitt
{quote} What an excellent Nutshell! Ten points Emmanuel. Warm Regards

Hi,

That should help many people to save thousands of hours to read all 67k posts.
A simple trend trading methodology does not require that many posts to describe...

kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,479
  • Mar 27, 2016 7:37pm Mar 27, 2016 7:37pm
Quoting emmanuel7788
{quote} Hi Bill, Happy Easter! Today's market liquidity will be low due to Easter holidays in many countries. Attached my BPP for USDCAD. This may help explain the bias I will take for this pair. Also read last weeks post on this pair and what I mentioned about the H4 retracement to the region 1.3150 and 1.3300. That retracement is completed and H4 traders may start look for selling opportunities. But when we look at the Weekly candle close last week, that look bullish and engulfed the body of the previous week's candle. On the D1 chart, we ha d...

Thanks you Emmanuel!

Happy Easter to you as well!

Will be paying attention to that Weekly WRB
focus, manage risk, rinse, repeat
  • #67,480
  • Mar 27, 2016 9:04pm Mar 27, 2016 9:04pm
Quoting TheScorpS
{quote} Here its is chiche , hope this helps u somehow , please understand that this is not related to TMS in anyways, just basic EMA 10 MTFs {file} {file}
Thanks scorp, yes ... I understad , I just going to experiment something. Thank so much.
You guys emma, scorp and others are doing an amazing job... congratulations guys.
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