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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

  • #68,681
  • Apr 27, 2016 1:08pm Apr 27, 2016 1:08pm
Quoting emmanuel7788
{quote} Big Picture Plan for April... {image}
Hi Emm....I've been scouring the thread for your multi-timeframe layout you have in this post, but can't find it anywhere. It this an indicator?
Where might I find it? I really like the overview it gives in one chart !
  • #68,682
  • Apr 27, 2016 2:53pm Apr 27, 2016 2:53pm
Quoting emmanuel7788
{quote} Big Picture Plan for April... {image}
And somehow, COT has been printing shorting numbers...
  • #68,683
  • Apr 27, 2016 3:25pm Apr 27, 2016 3:25pm
Hello all friends,

I just found this great thread.

Would you please to inform the Moving Avarage using EMA+2 or SMA+2?

Thanks,

Note: Where is Mr. Eelfranz? He have not posted for long time?
  • #68,684
  • Apr 27, 2016 3:28pm Apr 27, 2016 3:28pm
Quoting antonsatu
Hello all friends, I just found this great thread. Would you please to inform the Moving Avarage using EMA+2 or SMA+2? Thanks, Note: Where is Mr. Eelfranz? He have not posted for long time?

you are five years late, but never too late and the best of trading made simple has more to come ....

http://www.forexfactory.com/showthre...59#post8894359
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,685
  • Apr 27, 2016 3:29pm Apr 27, 2016 3:29pm
Quoting catalin_eros
{quote} And somehow, COT has been printing shorting numbers...

you show me your COT and I'll show you mine.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,686
  • Apr 27, 2016 3:38pm Apr 27, 2016 3:38pm
Quoting lctrader11
{quote} Hi Emm....I've been scouring the thread for your multi-timeframe layout you have in this post, but can't find it anywhere. It this an indicator? Where might I find it? I really like the overview it gives in one chart !

Multi Time Frame Analysis:
Pipware Multi-charts Post#22,190, Post#58,291, Post#59,663
***Important post to read for correct TDI version to use Post#58,401
Also must read Post#58,404 to set up the mini charts correctly.
And read all other post with keyword search “pipware” in this thread.

Triple Screen Trading System by Dr Alexander Elder Post#23,973, Post#55200, Post#62,175
Triple Screen trading systems : Post#55,203

Checking three different timeframes charts is a way how we reconcile the TIMING of our trade entry on the lower timeframe where we make our market entry.
We look at the price action and the TDI condition of all three timeframes to confirm the setup is high probability in the direction of the Primary (Dominant) Trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,687
  • Apr 27, 2016 3:42pm Apr 27, 2016 3:42pm
Quoting TibetSun
{quote} Beautifully written and simplistic first step, does not get any more simple. Thank you! I must admit, I'm going through a bit of "information overloading", and unable to start my trading. As someone that's very new, I spend most of my time taking notes each day when I'm free, instead of concentrating on what has been said many times, (especially by Mr. Emmanuel) "start with TMS 5-Method Basics", practice, post charts, practice, and learn and develop! I'm going to take a little break from the thread/forum, organize my notes, study TMS basics,...

Take you time. If you can afford, 3 to 5 hours every day for the next 2 to 3 years will be good.

I shall keep all the spotlights on here on for all those who want to learn to trade and perform well in their trading.

Attached Image (click to enlarge)
Click to Enlarge Name: multi spotlight.png Size: 554 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,688
  • Apr 27, 2016 3:44pm Apr 27, 2016 3:44pm
Hi Emmanuel,

I am sorry to hear that bad news. Hope Big E is in Good Place.

Thanks,

Note:
Wow... I am late too much. Have you any summary of all material until now?
Thanks once more



Quoting emmanuel7788
{quote} you are five years late, but never too late and the best of trading made simple has more to come .... http://www.forexfactory.com/showthre...59#post8894359
  • #68,689
  • Apr 27, 2016 3:50pm Apr 27, 2016 3:50pm
Hi ALL,

is this using EMA5 +2 or SMA5 +2?

Thanks
  • #68,690
  • Apr 27, 2016 3:53pm Apr 27, 2016 3:53pm
Quoting antonsatu
Hi Emmanuel, I am sorry to hear that bad news. Hope Big E is in Good Place. Thanks, Note: Wow... I am late too much. Have you any summary of all material until now? Thanks once more {quote}
First start by reading all of eelfranz posts and study his training charts. It won't take more than 100 hours of your time. You will get to know this great person whom we all call Big E even when we did not trade with him during those years when he was here in FF. His spirit lives on this this thread.

Here is how you can get stated by following these links in 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
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,691
  • Apr 27, 2016 3:56pm Apr 27, 2016 3:56pm
Quoting antonsatu
Hi ALL, is this using EMA5 +2 or SMA5 +2? Thanks

its is EMA 5 period, Typical Price, Shift+3

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,692
  • Apr 27, 2016 4:07pm Apr 27, 2016 4:07pm
What do big candles and small candles tell us?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD big and small candles.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,693
  • Apr 27, 2016 5:55pm Apr 27, 2016 5:55pm
Hello Emmanuel,

If you don't mind please share MTF TDI indicator as shown in the chart. I was searching in the file attachments but I could not find them. Thank you.

Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-27_1141.png Size: 74 KB
  • #68,694
  • Apr 27, 2016 6:04pm Apr 27, 2016 6:04pm
Does anyone know why NZD pairs opened wih a gap today ? I ve seen gaps formed at new week open, but not in the middle of the week.
focus, manage risk, rinse, repeat
  • #68,695
  • Apr 27, 2016 6:48pm Apr 27, 2016 6:48pm
Quoting pete.alfa
Hello Emmanuel, If you don't mind please share MTF TDI indicator as shown in the chart. I was searching in the file attachments but I could not find them. Thank you. Best regards, {image}
Pete,
The indicator you are looking for is called pipware multi-charts. In Post 68,689 Emmanuel provides the links to the relevant posts where you can download and learn how to setup properly.
Best,
N
  • #68,696
  • Apr 27, 2016 7:54pm Apr 27, 2016 7:54pm
Quoting bill992
Does anyone know why NZD pairs opened wih a gap today ? I ve seen gaps formed at new week open, but not in the middle of the week.

Today RBNZ kept its rate 2.25% unchanged. But why did the market react in such manner knowing that it wont change its rate again within 12 months period and when the 1st quarter corporate results did not show any major slowdown? Wait and see what happen when th 3rd quarter corporate results show slowdown and export suffers.
We poor retail traders have no chance in this spot forex market especially when we want to trade the low timeframe H1, M30, M15, M5, etc....

There are price gaps all the time during the day on normal trading days. Look at the 1 minute price charts and you will see the gaps. Some gaps have more significance over other gaps. If only we know how to tell the difference which gap matter and the ones which do not matter. Gaps do get filled. Question is which are the gaps which get filled and why.


Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 17 RBNZ rates Apr 28.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,697
  • Apr 27, 2016 8:20pm Apr 27, 2016 8:20pm
emmanuel7788,

thank you for your kindness.

regards,
anton


Quoting emmanuel7788
{quote} First start by reading all of eelfranz posts and study his training charts. It won't take more than 100 hours of your time. You will get to know this great person whom we all call Big E even when we did not trade with him during those years when he was here in FF. His spirit lives on this this thread. Here is how you can get stated by following these links in this Trading Made Simple thread: Trading Made Simple for beginners : Post#52,707 A short history...
  • #68,698
  • Apr 27, 2016 10:35pm Apr 27, 2016 10:35pm
Hallo EllisEdi,

How do you put the HA candle on the separate window? May you please teach me how to do that (step by step)?

Thanks,



Quoting EllisEdi
For those of you who do not like custom indicators or using "ex4" files ... big e no custom.tpl is a template for the method with the HA candles in the main window. big e no custum swha.tpl is a template that puts the HA candles in a separate window so you can see the price action candles. They both do not use any indicators that do not come with the base install of MetaTrader 4. -- Mark p.s. You might want to change the Stocastics to the 8,3,3 settings. the ones in the template run a 5,3,3 setting (for lower timeframes) {file} {file}
  • #68,699
  • Apr 27, 2016 11:09pm Apr 27, 2016 11:09pm
Quoting emmanuel7788
{quote} you show me your COT and I'll show you mine.
Deal!

Here is the most important data:

Asset managers:
Positions
Long: 6,273 Short: 72,717
Open interest: Long 2.6% Short 30.5%
Attached Image (click to enlarge)
Click to Enlarge Name: COTDET_000001.png Size: 46 KB

Leveraged:
Positions
Long: 48,821 Short: 89,359
Open interest: Long 20.5% Short 37.5%
Attached Image (click to enlarge)
Click to Enlarge Name: COTDET_000016.png Size: 53 KB

Non Reportable:
Positions
Long: 19,223 Short: 35,090
Open interest: Long 8.1% Short 14.7%
Attached Image (click to enlarge)
Click to Enlarge Name: COTDET_000017.png Size: 49 KB
  • #68,700
  • Apr 28, 2016 2:10am Apr 28, 2016 2:10am
Hi Everyone,
This chart is the story of my trading for the last 3 months. I am posting this chart and future trades in the hope that someone can steer me in the right direction. I am down 15% in 3 months and have decided to trade with #0.01 instead of full lots until figure this out. I have traded 4hr charts and 1hr charts with the same thing happening over and over again. I seem to sell low and buy high which I believe I am getting suckered in to momentum bars before a reversal. I have read TMS and will read it again over the next few months just in case I have missed something.
Be blunt, be honest, anything you have to offer I will take onboard.

Questions:
Does Support & Resistance work?
Are Pivots worth using?
Can you make steady gains just trading 4hr charts?
Are BRN's good for targets and areas to trade away from?
What is the best TF to trade?
Do I need more than 1 system to trade?


Regards Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GC 4Hr.png Size: 36 KB
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