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Trading Made Simple

  • #73,341
  • Nov 15, 2016 5:11pm Nov 15, 2016 5:11pm
Quoting Tekkies
{quote} Eldero. Those indicators are not part of TMS. If you need S/L here is what you should do: I know a lot of you are afraid to trade the 4hr charts...why?... cuz someone sold you a bag of crap about your S/L being to far away... 50-80 pips, etc. In your mind your thinking I can't afford that... like chicken little running in circles... get a grip gang. Seriously now... Look back at any 4hr chart where there was a reversal where you would have entered a trade using the 5 method. If you had entered the trade on the 4hr chart... and put your S/L...
Why so many trades on the same currency pair per day?
Success means going from failure to failure without loss of enthusiasm
  • #73,342
  • Nov 15, 2016 5:12pm Nov 15, 2016 5:12pm
Quoting Tekkies
{quote} Eldero. Those indicators are not part of TMS. If you need S/L here is what you should do: I know a lot of you are afraid to trade the 4hr charts...why?... cuz someone sold you a bag of crap about your S/L being to far away... 50-80 pips, etc. In your mind your thinking I can't afford that... like chicken little running in circles... get a grip gang. Seriously now... Look back at any 4hr chart where there was a reversal where you would have entered a trade using the 5 method. If you had entered the trade on the 4hr chart... and put your S/L...
You need to calm yourself, Do not be so aggressive. No need to attack everyone left and right. You've a lot to learn as do I, be humble.
It's in fear when people show what they truly value.
  • #73,343
  • Nov 15, 2016 5:20pm Nov 15, 2016 5:20pm
Quoting lisat
{quote}Why so many trades on the same currency pair per day?
Learning to build a postion.
  • #73,344
  • Nov 15, 2016 5:40pm Nov 15, 2016 5:40pm
Quoting ensale
{quote} You need to calm yourself, Do not be so aggressive. No need to attack everyone left and right. You've a lot to learn as do I, be humble.
Hi Ensale
Am calm as a cucumber. Been reading all the posts since last posted. When I started to learn TMS as a newbie it was one big frustrating struggle to find direction. Took many a time a wrong turn because some wise guy posted something that was unrelated to what BigE has posted. Got fed with it and downloaded ever post of BigE until I discovered paperclip.

"be humble" - no not humble rather angry, disappointed, frustrated, dispirited because member's can not abide BigE's advice.
  • #73,345
  • Nov 15, 2016 5:43pm Nov 15, 2016 5:43pm
Evening all !

Here to earn and learn boys !

Ok, here is a daily GBP/USD trade I am initiating. Got some red letter data out Weds and Thurs , so going to monitor....

Inserted Video
  • #73,346
  • Nov 15, 2016 5:52pm Nov 15, 2016 5:52pm
Quoting Daniel 777
Evening all ! Here to earn and learn boys ! Ok, here is a daily GBP/USD trade I am initiating. Got some red letter data out Weds and Thurs , so going to monitor.... https://www.youtube.com/watch?v=3R5e...ature=youtu.be
Hi Daniel sound almost like Star Track - Log entry stardate........
1. What is your trading chart = H1 H4 D1 W1?
2 Which chart is going to tell you when to exist?
  • #73,347
  • Nov 15, 2016 5:59pm Nov 15, 2016 5:59pm
Quoting Tekkies
{quote} Hi Daniel sound almost like Star Track - Log entry stardate........ 1. What is your trading chart = H1 H4 D1 W1? 2 Which chart is going to tell you when to exist?
ha ha - that made me laugh !
1. Trading D1 GBP/USD.
2. Never seen one yet ! ;-)

It's trading Jim, but not as we know it ...
  • #73,348
  • Nov 15, 2016 6:14pm Nov 15, 2016 6:14pm
Quoting Tekkies
{quote} Hi Ensale Am calm as a cucumber. Been reading all the posts since last posted. When I started to learn TMS as a newbie it was one big frustrating struggle to find direction. Took many a time a wrong turn because some wise guy posted something that was unrelated to what BigE has posted. Got fed with it and downloaded ever post of BigE until I discovered paperclip. "be humble" - no not humble rather angry, disappointed, frustrated, dispirited because member's can not abide BigE's advice.
I support this as well, as beginner learning TMS, in the same situation. often find myself in some conflict information, and exceptions and patches ...

To me, before I can really get a firm hold of the TMS basics, any improvement is actually causing more confusion.
  • #73,349
  • Nov 15, 2016 6:21pm Nov 15, 2016 6:21pm
Quoting Daniel 777
{quote} ha ha - that made me laugh ! 1. Trading D1 GBP/USD. 2. Never seen one yet ! ;-) It's trading Jim, but not as we know it ...
Reference 2
Which timeframe is going to be used for exit rules.?

looked at D1 and W1
The broker you are using is one bar ahead. (I am one bar behind you.)
The trade you place is going to be short lived.
D1 bar down. W1 bar up
D1 stoch down. W1 up
D1 stoch is already below 50
D1 bar's short
D1 green angle above 4
In the middle of support / resistance
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroDaily.png Size: 38 KB
  • #73,350
  • Nov 15, 2016 6:22pm Nov 15, 2016 6:22pm
Quoting anfei1972
{quote} I support this as well, as beginner learning TMS, in the same situation. often find myself in some conflict information, and exceptions and patches ... To me, before I can really get a firm hold of the TMS basics, any improvement is actually causing more confusion.
If you want it basic stick to H4 and Daily timeframe with single entry and single exit. You will have to skip some of the posts on this thread which is fine.

I am trying to learn multiple entry to build a position and scaling out at the proper time. I have easily spent 1000 hours of the past year looking at charts, this thread, pdfs, thinking about TMS, and my trading strategy. My recent time is being spent on money management. With that said I like the more advanced posts on this thread.

Good luck!
Successful people do what unsuccessful people are not willing to do
  • #73,351
  • Nov 15, 2016 6:48pm Nov 15, 2016 6:48pm
Quoting Daniel 777
Evening all ! Here to earn and learn boys ! Ok, here is a daily GBP/USD trade I am initiating. Got some red letter data out Weds and Thurs , so going to monitor.... https://www.youtube.com/watch?v=3R5e...ature=youtu.be
looking at H4,
on the high side is 1.2550 and 1.2600
on the low side is 1.2250 and 1.2200
it can target either region any time ....

looking at D1,
do not trust the TDI anymore until ..............................................
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,352
  • Nov 15, 2016 6:54pm Nov 15, 2016 6:54pm
Quoting anfei1972
{quote} I support this as well, as beginner learning TMS, in the same situation. often find myself in some conflict information, and exceptions and patches ... To me, before I can really get a firm hold of the TMS basics, any improvement is actually causing more confusion.

here:

TMS 5-Method Basic Rules: Post#53,841

stick to the basic and master the basics first. it will take time to master the basics. do not rush into it and no need to hurry because the market will still be there for traders and investors.

after you have mastered the basics of the 5-Method you can develop your own winning system and further to learn to 'let profits run' be your money management strategy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,353
  • Nov 15, 2016 7:31pm Nov 15, 2016 7:31pm
Quoting Eldero
{quote} Hi, I am a new user and firstly I wish to thank you and also the other members to share your strategies giving a great help to the newbies. Really appreciated!! I am Italian and my English is not so smart, but I hope you can understand my questions/answers Personally, I read several messages from Eelfranz and I realized he was a special person. I am also very pleased to see that this thread is full of persons that spend their time to help who is not so confident whit the TMS strategy I think to have understood pretty well the main points...
Hi Eldero,

I fully agree with you that eelfranz whom we fondly call Big E is a very special person. He shared his 6,000 hours of trading experience and knowledge. I have no doubt that he knew about the average true range ATR. He started trading with Craig Harris and with Dean Malone in 2008 and these two professional traders talk about the ATR all the time in their trading systems. When we learn from Big E, we also learn some of the thigs which he had tested and worked for him. It is immensely valuable that we all have the privilege to learn from Big E. But since he passed away in 2012, many of us have moved on and gain more knowledge and experience. Some chose to share their knowledge and experience here with others. While a few members chose to live in the past and post their rants here occasionally without contributing anything of value-add nor worthy for newbies and experienced traders to learn from.
The ATR is a standard indicator provided in all trading platforms which provide information of the volatility of the market. It is very useful information to use in trading. Those who do not know about the ATR and do not use it will stand to lose out in this business.
For basic information about the ATR, checkout this website:
http://forex-indicators.net/volatility-indicators/atr

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy HA candles and use that TDI Red Green version all these in Post#25.
Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

I know only 2 active TMS traders who continue to trade exactly as in Post#1 and both are profitable since 2013. No other TMS traders here have shown us that they actually can trade like Big E as in Post#1 and with win rate of 70% to 80% like Big E. I doubt they even make any money trading live with real money.
You must know his reason why he used the TDI Red Green for his entry and exit. Big E’ exit strategy is ‘cut losses short” or cut loss fast when price pulls back 10 to 15 pips. The reason is very simple, he risk 15% to 30% of his $10,000 account deposit in one single trade and he trade 3 to 4 standard lots per trade. Can you imagine what the financial damage is if he did not cut loss fast enough by the next H4 candle? He knows how to use that APB/HA candles which many traders here do not understand. Imagine if he was not monitoring his H4 trade and by the next H4 candle period the market reversed after his entry, how much money he would have lost in just one single entry trade when he place his trade Stop Loss using the last swing high/swing low.
Do you back–testing for the period between 2008 till 2015 and you will learn a lot about the market condition before 2011 and after 2011.

Since 2013, many of the active TMS traders have switch to use the realtime version of the
TDI-RealTime version Post#17,848 and also changed the default setting to (10,5,34,3,1,7)
How to create the TDI using the RSI available in other platform: Post#15,546
Fozzy RSI Method Post#59,617
Synergy_Pro_TDI settings: Post#59,624
Comparison of TDI Red Green and TDI_RT:
http://www.forexfactory.com/showthre...31#post8569731
http://www.forexfactory.com/showthre...40#post8556840

When you use the TDI-RT with setting (10,5,34,3,1,7), you exit rules will be changed. You no longer follow the exit rule of Big E and you do not trade with high risk of 15% to 30%. With the new TDI settings, there are different exit rules, one which is based on R and R-Multiples concept by Dr Van Tharp. Sadly Big E did not live long enough to learn this from Van Tharp.

... to be cont' /-

next on Exit Strategy and Trade Management to how to "Let Profits Run".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,354
  • Nov 15, 2016 7:33pm Nov 15, 2016 7:33pm
Quoting ensale
{quote} You need to calm yourself, Do not be so aggressive. No need to attack everyone left and right. You've a lot to learn as do I, be humble.

my daily favourite ...
Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,355
  • Nov 15, 2016 7:43pm Nov 15, 2016 7:43pm
Message to all newbies and people new to this thread,

you do not need to read 73,354 posts and 3,668pages of this huge thread.

go to Post#71,888 and start from that post... this one way to keep it simple, read only the posts of the OP eelfranz and master that what he shared with us.

another way for those with 3 to 5 years of active trading experience,

read only Post#1, Post#261 and Post#647.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,356
  • Nov 15, 2016 8:05pm Nov 15, 2016 8:05pm
Quoting eelfranz
I went back to page 202 where I introduced the 5 method and the 21/233 method and read forward. I have made a lot of live trades since that time and I find it interesting how I started out sharing a very conseravitive 5 method to how I now trade the more aggressive way I do. What I discovered was that I gained many pips and yet I didn't increase my losses so why not be more aggressive... I know a lot of you are afraid to trade the 4hr charts...why?... cuz someone sold you a bag of crap about your S/L being to far away... 50-80 pips, etc. In your...
I know a lot of you are afraid to trade the 4hr charts...why?... cuz someone sold you a bag of crap about your S/L being to far away... 50-80 pips, etc. In your mind your thinking I can't afford that... like chicken little running in circles... get a grip gang. Seriously now... Look back at any 4hr chart where there was a reversal where you would have entered a trade using the 5 method. If you had entered the trade on the 4hr chart... and put your S/L at the last swing hi or low... even 100 pips away... how many times has it come back to hit your S/L in the next couple of candles? I can't find one example of that happening anywhere... not one....

So the larger S/L really means nothing accept if the sun don't rise and the chickens don't lay... it would save your account but I've never seen that happen on a 4hr chart.... probably has once ever 1,000 trades.


Folks,

This post above is from the older thread "Craig Harris Stochastics Method".

Do Not let anyone mislead you by their frequent quoting from eelfranz old posts and make their rants here in this current 5-Method thread.

When Big E made that post in Apr 5 2011, he was trading only 8 currency pairs between 2008 and 2010. He traded only the currency Majors plus a few JPY pairs.

Big E' 8 currency pairs did not include the EUR crosses and GBP crosses. If you trade the reversal setup of these EUR and GBP crosses with SL 50 to 100 pips, you will lose more than you will win.

You need to study the market volatility of all the currency pairs since 2008 till this year 2016 to know what has changed since 2011.

Do you see a problem to trade with a initial Stop Loss of 150pips or 200pips or 250pips? I have tested and proven solution for you if you do.

If you trade reversals when the market is in consolidation, you will lose more than you will win.
Just look at NZDUSD H4 this week. Can you spot the consolidation and its range?

Learn from everyone but you some things you learn not to do when you trade with your hard-earned money in live markets.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,357
  • Nov 15, 2016 9:29pm Nov 15, 2016 9:29pm
Quoting emmanuel7788
{quote} here: TMS 5-Method Basic Rules: Post#53,841 stick to the basic and master the basics first. it will take time to master the basics. do not rush into it and no need to hurry because the market will still be there for traders and investors. after you have mastered the basics of the 5-Method you can develop your own winning system and further to learn to 'let profits run' be your money management strategy.

Thanks as always.
  • #73,358
  • Nov 16, 2016 12:14am Nov 16, 2016 12:14am
Quoting eelfranz
OK Chillin' lets not throw water baloons or continue mud wrestling... I presented this method in it's simplicity.... knowing many could benefit. It requires no more than I have outlined earlier and that is how I'll continue to trade it. I know there is no way to stop others from adding other indicators. It's human nature. I would appreciate it if you did not post those indicators on this thread. Please start your own thread if necessary. It's a lot of work. We have a fabulous group of traders on this thread....
.

Nice trades hsn100
  • #73,359
  • Nov 16, 2016 12:21am Nov 16, 2016 12:21am
Quoting anfei1972
{quote} Hi hsn100, can you tell which candle did you enter the trade? thanks
i entered on next 4H candle with tdi bouncing off the red line. hope this helps.
Regards
Winners Never Quit, Quitters Never Win
  • #73,360
  • Nov 16, 2016 12:22am Nov 16, 2016 12:22am
Quoting chino
{quote} . Nice trades hsn100
Thnx a lot chino, this thread is like a gem, i'm learning from others.
Regards
Winners Never Quit, Quitters Never Win
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