It seems the storm has passed.
From time to time someone comes here and criticize that regular posters are not trading the method as laid out by Eelfranz
anymore.
But I think each one must make this method fit his/her style and personality.
Moreover, there are a lot of answers in Eelfranz posts.
We all should read them again.
Layout:
Big E used the synergy method but then he switched it to fit his style and needs so he created the TMS-5 Method.
I think if Dean Malone or anybody had told him, he should've traded the synergy method exactly as laid out by the
creator, this amazing thread would've never existed.
If we use the heart of this method (TDI + APBs) and we don't add any other indicator that influence our trade decisions.
I believe we'd be still respecting Eric rules.
I mean if you use an ADR to calculate your SL, that's not adding an indi to the core method since this tool doesn't affect
your decision of buying or selling.
Mistakes:
A common mistake we make when we are newbies is that we read the first post and try to emulate exactly what Big E was doing.
This is not a rule, everyone is different, for example last year when I found this method I tried to wake up in the early
morning to close trades or look for new setups but this was not good for my health so I stopped doing it.
He was awake at that time because sadly he was sick and couldn't sleep well.
We should have our own trading schedule.
Another thing is using only the HA candles.
He used the HA alone because he was very good at understanding the PA with them.
He wasn't a total noob, he had experience in trading stocks before he switched to FX
And he was a very commited trader, he made a backtest of this method during 2 years, using only the TDI+APB
But for someone new like me without any knowledge of trading before I met this thread, the HA hide the real OHLC of the candles which are the most important thing to read the PA.
I think for newbies, it is better to use the price bars over the HA in the background, the way Emmanuel shows us.
And later when you gain more experience you can use only the RSI and the HA alone.
Risk:
Yes, he said he risked 15-30 % of his account
But that's because for him trading was just a hobby
But it's obvious if you wanna treat this as a business, you should only risk 1-2% of your account.
Here he recommends:
Controversy:
I see some "hate" against Emmanuel because some people think he has "taken over" Eelfranz thread.
But he has never said or claimed to be the new "leader" of this thread.
He's only another regular poster here and if you don't like what he does, simply put him in your Ignore List.
ME/ME is only a money management strategy that he uses to reduce the risk of his trades while building a position.
But it doesn't influence his decision to take a trade or not.
He only uses PA+TDI+APB to decide to buy or sell.
Nobody ever has put a gun to you head and command you to follow his advice or use his MM strategy.
I personally do not use ME/ME because it's just not my style.
But I have to say I have learned very important things from some Emmanuel posts.
Besides I couldn't care less if the MT4 statements he shares are real or not while he doesn't show any commercial interest
and I believe he doesn't or the FF would have already made him a commercial member.
I only care about what I can achieve by myself, this is a public forum and anybody might be lying
What other people do is irrevlevant to me.
I hope these personal attacks stop, in the end we're all here for the same thing: to learn how to make money trading the FX market.
From time to time someone comes here and criticize that regular posters are not trading the method as laid out by Eelfranz
anymore.
But I think each one must make this method fit his/her style and personality.
Moreover, there are a lot of answers in Eelfranz posts.
We all should read them again.
Layout:
Big E used the synergy method but then he switched it to fit his style and needs so he created the TMS-5 Method.
DislikedYears ago I jumped Deans butt for breaking his rules for trading his Synergy System. He explained that the initial rules for a system is for new people trading that new system to insure their greatest chance for success. BUT as an experienced trader with that same system he might trade it a little differently because of his experience. That shut my mouth! I'm a very experienced trader using my 5 method.Ignored
creator, this amazing thread would've never existed.
If we use the heart of this method (TDI + APBs) and we don't add any other indicator that influence our trade decisions.
I believe we'd be still respecting Eric rules.
I mean if you use an ADR to calculate your SL, that's not adding an indi to the core method since this tool doesn't affect
your decision of buying or selling.
Mistakes:
A common mistake we make when we are newbies is that we read the first post and try to emulate exactly what Big E was doing.
This is not a rule, everyone is different, for example last year when I found this method I tried to wake up in the early
morning to close trades or look for new setups but this was not good for my health so I stopped doing it.
He was awake at that time because sadly he was sick and couldn't sleep well.
We should have our own trading schedule.
Another thing is using only the HA candles.
He used the HA alone because he was very good at understanding the PA with them.
He wasn't a total noob, he had experience in trading stocks before he switched to FX
DislikedWhen I first started trading stocks 9 years ago I vowed not to be in the 95% that bites the dust.
Those folks feed us I read the other day so he said we always want newbies. It makes sense even though it's grusome.Ignored
DislikedHonestly folks... I spent over 2 years refining this method... so it would be simple to understand
and easy to trade...Ignored
I think for newbies, it is better to use the price bars over the HA in the background, the way Emmanuel shows us.
And later when you gain more experience you can use only the RSI and the HA alone.
Risk:
Yes, he said he risked 15-30 % of his account
DislikedMost of my trades use from 15-30% of my account... why? That's where I feel most comfortable trading.... and why one of MY PERSONAL RULES is to exit the trade at the 12-15 pip pullback region... Regardless of the timeframe... It's always worked for me... and made me pips... I take the best trade set ups..I don't recommend it for anyone else...Ignored
DislikedI try to be light hearted about trading... make it fun like a hobby. I don't need the money from
trading to live on month to month. If I can't trade that way I'll quit trading. It's just my personality. That doesn't mean
I'm not serious as hell about it either. I get a lot less stress this way.Ignored
Here he recommends:
DislikedMoney management is #1 in importance. Never trade more than 2-3% of your account on any one trade. In some cases that means trading micro lots only. Take care of your money management and it will take care of you so you can trade tomorrow.Ignored
DislikedMake sure your using sound money management only trading 2-3% of your account per trade. If you can afford it... trading multiple lots is good.Ignored
I see some "hate" against Emmanuel because some people think he has "taken over" Eelfranz thread.
But he has never said or claimed to be the new "leader" of this thread.
He's only another regular poster here and if you don't like what he does, simply put him in your Ignore List.
ME/ME is only a money management strategy that he uses to reduce the risk of his trades while building a position.
But it doesn't influence his decision to take a trade or not.
He only uses PA+TDI+APB to decide to buy or sell.
Nobody ever has put a gun to you head and command you to follow his advice or use his MM strategy.
I personally do not use ME/ME because it's just not my style.
But I have to say I have learned very important things from some Emmanuel posts.
Besides I couldn't care less if the MT4 statements he shares are real or not while he doesn't show any commercial interest
and I believe he doesn't or the FF would have already made him a commercial member.
I only care about what I can achieve by myself, this is a public forum and anybody might be lying
What other people do is irrevlevant to me.
I hope these personal attacks stop, in the end we're all here for the same thing: to learn how to make money trading the FX market.
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