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Trading Made Simple the right way, and other trading lessons 329 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

Quoting Tekkies
{quote} Some do and all of them is asking that he must please keep TMS as BigE laid it down. Emm post about TMS is fabulous, the other stuff well let say it is not simple
I think most of them do, and they have made their own threads and have deviated from the BigE teachings.

Things have not remained same / constant in the last 5 years, systems need to be updated keeping the core method intact and that is what Emmanuel has done.

In the last few days I have seen many senior members posting here that usually dont post in this thread on regular basis which shows that they are watching and intentionly not posting. Those critics are very good in pinpointing

In my view all these critics should also stick this to one thread and post instead of criticising so that newbies can learn from them.

Atleast they should look at the time Emmanuel has devoted to this thread after BigE death.

My request to all Seniors to make this thread a better learning place for beginners as we need to learn a lot from Emmamuel and other senior traders

This BigE thread should not be a battlefield.
This thread has evolved into a sitcom.
Quoting AlansGS777
This thread has evolved into a sitcom.
And not a good one at that
I am not here trying to bash anyone or help disrupt this thread. I do not consider myself a senior trader, hell I consider myself a bit selfish as I have not really contribute anything to this thread. I did get a lot out of this thread and I am wish eelfranz was here with us today so I can tell him how much I appreciate everything he has done by developing TMS 5 method. Even gone I still consider him as my mentor. It is TMS 5 method which took me to the next step in my forex trading career.

I am not asking emmanuel7788 to leave this thread. He has done a great job teaching you everything he has learned through the years. However I am asking him to open a new thread about TMS ME/ME as this is not part of the TMS 5 method. In fact I believe this is more of a development from emmanuel7788 from his evolution as a trader than anything TMS 5. Yes eelfranz did use ME/ME but not with the TMS 5 method but with the other methods he developed on his old thread. And there is some value to going back to his old thread, especially if you want to see when he first developed TMS 5. But he started this thread specifically for TMS 5 so that the traders and followers would not be confused with what method was being talked about and what rules to follow. And I think ME/ME just causes more confusion than any real help. Some of you are actually getting it and that is great. But new traders coming here will think or assume that ME/ME is part of the TMS 5 method, and it is not. eelfranz already said what tools he used. He already laid out what to look for. Anything else is extra and if he were here today he would have asked you to not post it. He would not allow this bickering. But he is not. And out of respect to him can we all follow his rules, can we all give him the respect he deserves. I am not picking on emmanuel7788 and as I said I am not asking him to leave. He has done a great job helping others and most of you agree. I know some will not for other reasons, I respect that also as I also see your side of it. Last time I did not get involved in the big fight. But I felt the need to say my peace this time out of respect to eelfranz. You may not agree with what I said and that is fine. But most will agree that ME/ME should not have been introduced here or at least it should be a new thread as the next step into TMS 5 method. And honestly before going into something so complex as ME/ME, shouldn't you at least master TMS 5? There's a movie called Searching for Booby Fisher. In the movie there was a scene where the teacher told the student, "Don't move until you see it." That applies to trading. In any system you should not trade until you see it. And TMS 5 really helps you see the big picture. And honestly if you can't see it you should not trade.

OK I said my peace. I am going back to my little trading cave and just read and continue learning from what is posted on here and the other threads similar to TMS. Good Luck and Good Trades.
Trading Made Simple = Trading Made Circus.
Quoting emmanuel7788
We hear this all the time. There will be losses in trading. We accept the losses and move on. But some losses can be avoided when we trade with the market trend and making sure we use a Stop Loss. Trading made Simple 5-Method is safe trading with the market trend. We trade the reversal using the APb setup which closes across the 5EMA which shows us the direction of the 'trend' of that moment. This setup must be confirmed with good price momentum which the TDI will support our trade setup decision. Here is a post-mortem of EURGBP week 40 using the...

Hello Emmanuel!

I don't understand why you say that this was the only setup of the week, I see many more!!?
Quoting emmanuel7788
{quote} I have been posting Big Picture Plan and my trade plan for many months. And follow up with postig when I open my trades and provided updates day to day. last week was 2 examples. Is this not good enough? If you want me to post TMS trade setup alerts, I can only do this when I have time to be online. But please tell me which currency pairs do you all trade and want to have trade setup alerts. If I don't see at least 50 members / new traders reply with post requesting the same, I wont do it at all. Whatever I do here must benefit more members...
I vote Yes! It would really be helpful to see trade setups as you see them before they play out!!!
No need to send alerts just posting the chart right before you open your position (once in a while) would be so instructive.
If anyone would like to discuss setups, day trading setups and BPP planning etc, we have a Skype group that now open to all of you.

We try to keep it trade talk only, also good work has been done by Thibaut in regards to a trade manager for ME.ME trading, This is also available to all of you.

We are continuing to work to make things better for traders, so be a part of making it happen.

Plans also to work on things like getting information and knowledge more easily accessible to all, so a road map from basic understanding to higher level advanced TMS trading..

All free, all volunteer's, No obligation and in its own good time!

Attached Image


P.S Skype group name TMS ME/ME DGTF.
It's in fear when people show what they truly value.
Quoting Tekkies
{quote} Yes I am and yes I have a problem with my stoploss. Yes I am still learning TMS. Yes I am newbie. Read the few post that I have made and then ask me again.
How can you be successful and have problems with stoploss...This is baffling
the cautious seldom err....C
One of the many secrets of trading success is to manage your emotions. Do not let distractions affect you when you are trading.
I listen to Desiderata all the time.
Enjoy and have a great trading week. Make money from the market.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting ensale
If anyone would like to discuss setups, day trading setups and BPP planning etc, we have a Skype group that now open to all of you. We try to keep it trade talk only, also good work has been done by Thibaut in regards to a trade manager for ME.ME trading, This is also available to all of you. We are continuing to work to make things better for traders, so be a part of making it happen. Plans also to work on things like getting information and knowledge more easily accessible to all, so a road map from basic understanding to higher level advanced...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting gditmf9
{quote} I vote Yes! It would really be helpful to see trade setups as you see them before they play out!!! No need to send alerts just posting the chart right before you open your position (once in a while) would be so instructive.

Ok. Will do that.
Just open buy EURNZD
EP=1.55889

see this last post:
http://www.forexfactory.com/showthre...14#post9187614
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Hey can someone post the link to the post with the template for TMS trading. I can't seem to get the ones i've found to work. The heishi candles have the japanese candles in the background. Thanks.
Gentlemen always play by the rules, if they can't, they change them.
I vote yes as well and would be very appreciative Emmanuel..I mainly trade nu, e/gbp,au..Thank you for all you do and have done
Quoting Bsmile44
Hey can someone post the link to the post with the template for TMS trading. I can't seem to get the ones i've found to work. The heishi candles have the japanese candles in the background. Thanks.

you can change your MT4 chart to show as Bar Chart set to Foreground chart.

see this post:

http://www.forexfactory.com/showthre...25#post9124025
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
About Stop Loss and not putting Stop Loss,

read what the big man had said:

http://www.forexfactory.com/showthre...38#post4521038
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Ok. Will do that. Just open buy EURNZD EP=1.55889 see this last post: http://www.forexfactory.com/showthre...14#post9187614
Thanks so much!!
How do you do trade re-entries after you exited or got stopped out?

Here is how:
http://www.forexfactory.com/showthre...72#post4538672

but make your the last reversal setup is still valid and there is no trade setup invalidation. Also make sure that you have done all the checks as in Post#647.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
EURNZD Week 41 Big Picture and Trade Plan Oct 10 to 14. {image} TMS H4 - No trading when market is in consolidation. TMS W1 + D1 - market price action in buy zone. Buy only when Monday Oct 10 Sydney Open with ME/ME money management strategy. ATR(52) W1 is 412 pips ATRR(100) D1 is 156pips Weekly 4H swing range is 339 pips to 439 pips as of Week 40 closed. Target 60% of weekly swing range. ME/ME trade order distance 0.25ADR(100)D1 ~ 40pips order distance. Maximum 5 ME trades per basket/position. Minimum take profit 40pips with re-entry when trade...
EURNZD Week 41 trade update Oct 10 Sydney session:

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 41 H4 chart Oct 10.png Size: 65 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 41 W1 chart.png Size: 24 KB


what happens when volatility band get 'squeeze' ?
use that to your advantage, not an edge, but when you know how the volatility band theory works, it will help you see what happened in the market and wait patiently.

will update as trades progress...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting okoso
{quote} Hi Emm. What I see is NZDUSD 23 Sep D1 managed to close below the historical MN support/resistance at 0.7241 and also D1 22 Sep was BEEB coming off the high of MC of 13 Sep. My plan for next week is sell only with ME/ME as W1 and D1 are both below 10EMA. Technical stop loss: 2 weeks high at 0.7340. With EURUSD in a tight range, NSDUSD should have similar picture as EURNZD as you shown in your BPP I quess. The risk I see is the price was rejected from BN 0.71 and also historical level. Also TDI on daily went outside the blue band so we may...

hi okoso,

The D1 looks good for continue selling. We need to watch August MN Low to around 0.7050 for support in case we are still selling into that support.

W1 I see no real risk so long as out trailing stop are in 'safe' region and we use %Risk with Position Sizing.

H4, beware of market correction which can push up to between 0.7220 and 0.7270 region... 'hidden gem' regions.

I have one open basket/position with average entry price 0.7159 and with some banked-in profits from the previous 2 weeks. Some will say I am trading with the 'house money' which is bad thing to say because this is not a casino. What the market gave me is my money now. I trade with my profits and will "let profits run".

trade and manage well.

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