Trading Made Simple | Page 3745 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #74,881
  • Jan 23, 2017 12:41am Jan 23, 2017 12:41am
Quoting emmanuel7788
{quote} @Tekkies, There is no challenge. You need to grow up. All these post means nothing and does not help other traders here. I admire your passion but this passion will not help you succeed in life and surely not in trading. The only challenge I have is with myself, my trading today against how I traded the previous day, week, ... Focus in your own trading and trade better. Do not let what others post in public forums affect your trading business.
Why are you making it personal emm. ---You need to grow up

The fact remains that emm that you can post what you want and can not substantiate / support it with what BigE has poste and then move the focus away when called to book

http://www.forexfactory.com/showthre...33#post9465133
http://www.forexfactory.com/showthre...40#post9465140

"There is no challenge"

The challenge will be always here to read.
Every reader can make his own conclusion about this last few poste between you and me
  • #74,882
  • Jan 23, 2017 12:58am Jan 23, 2017 12:58am
Quoting emmanuel7788
{quote} Hi Skyfinger, here is my EURAUD chart. EURAUD D1 chart example of TDI cross.png;2150960 I was not looking today and missed it earlier. Now to see if I can catch an entry in lower TF. Trade Well. {image}

EURAUD H1 setup : BUEB Bullish Engulfing Bar breakout of the consolidation seen with the H1 Master Candle. Do not trade when the price is in CONSOLIDATION, who said this? LOL.
Look at the price close, this higher close will make the TDI Green with steep slope. You see the Higher Close as the Price Action and the TDI will confirm .

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H1 setup Jan 23 LO.png Size: 71 KB


Did Big E posted anything about Master Candle? NO. but he mentioned many times about CONSOLIDATION.

Where is your initial Stop Loss for this setup.
Calculate your trade size using your Risk% with this initial SL to get the trade Position Size.

As traders, we must learn to ignore the market noise... and focus on our trading tasks. Do not let what people write in public forums affect our emotions which is detrimental to our trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,883
  • Jan 23, 2017 12:59am Jan 23, 2017 12:59am
Quoting Tekkies
{quote} Why are you making it personal emm. ---You need to grow up The fact remains that emm that you can post what you want and can not substantiate / support it with what BigE has poste and then move the focus away when called to book http://www.forexfactory.com/showthre...33#post9465133 http://www.forexfactory.com/showthre...40#post9465140 "There is no challenge" The challenge will be always here to read. Every reader can make his own conclusion about this last few poste between you and me

an example of noise we must learn not to let these affect our trading. just press the thumb down you see at the bottom right hand.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,884
  • Jan 23, 2017 1:44am Jan 23, 2017 1:44am
Quoting emmanuel7788
{quote}Do not let what people write in public forums affect our emotions which is detrimental to our trading. {image}
(One again you make it personal - Nice jab emm)


Summing up post http://www.forexfactory.com/showthre...81#post9467281
#121
Just be aware how close you are to the 68 & 32 line and pay close attention.
#270
The 32,50 & 68 lines are original. When you get to 68 start looking for a reversal sign on the TDI... However it could still be 50-100 pips away occasionally... just pay attention to the green line for a possible exit signal... the 32 line is the opposite.
#338
I love taking short trades off the 68 line or just below and long trades long off the 32 line area... made tons of pips when that opportunity presents itself...
#340
Training Chart... Current E/U.
Note the green line has tweaked to the right twice... We are way above the TDI 68 Line... Will be turning, soon. Keep an eye on it...
#740
Anyway friend... BE CAREFUL... Youre up near the 68 line as well as PA is pretty close to the last swing high

Why do you use complicated words?
H1 setup candle
Bullish Engulfing Bar
H1 master candle
APB/Ha candle does not show the MC price bar Low

just tell the trader that he has to take into consideration the following:
1. close to 68
2. look left see how the candles have pulled back - that means you are close to resistance or already in a resistance area or have broken resistance level
3. where is stoch? - what is stoch doing is stoch showing the same direction.
4. Bars are long, wick are long on bar 0
Do not place a trade now EURAUD is going to go down and you will lose pips

or even better from post http://www.forexfactory.com/showthread.php?p=9467005#post9467005
Note:
if this candle had close higher above the pevious candle high the TDI green would have crossed the red.

green has already crossed the red by 34 hours
Attached Image (click to enlarge)
Click to Enlarge Name: emm.png Size: 33 KB
  • #74,885
  • Jan 23, 2017 1:54am Jan 23, 2017 1:54am
Quoting Tekkies
{quote} Why are you making it personal emm. ---You need to grow up The fact remains that emm that you can post what you want and can not substantiate / support it with what BigE has poste and then move the focus away when called to book http://www.forexfactory.com/showthre...33#post9465133 http://www.forexfactory.com/showthre...40#post9465140 "There is no challenge" The challenge will be always here to read. Every reader can make his own conclusion about this last few poste between you and me
As a rule, I am not one for getting involved in 'unnecessary debate' but Tekkies, please give it a break ... BigE, his rules, style, simplicity, ... yeh, we get it, we all get it and frankly don't need to be told like children if maybe we have one or two more lines on a chart than is needed. Every trader has to develope their own way, their own level of comfort, this takes time and the main purpose of a thread like this is to provide support and help and guidance. The exchange of knowledge and experience between all, not ranting to prove a point.

Thank you Big E for TMS and its basic principles, we are all here because we admire it and find it helpful but like markets things evolve, they have to evovle, that is the essence. The TDI in isolation isn't enough, we know that and please don't confuse evolution and refinement with a changing of the rules. It's like the difference between a Formula 1 driver an my 80 year old mum driving to the supermarket, they both use a vehicle that has 4 wheels and an engine, they both change gear and steer the car in its direction, the rules are the same, but the racing driver has an engine that has evovled from the original, it is more refined, he changes gear with levers not a gear stick ... I think you get the point, I hope you get the point.

Tekkies, there is no doubt that many of your posts have been helpful and useful, they serve as a reminder of the founding principles here and we thank you for that, so maybe all Emm is asking is that you soften your approach and delivery, there's nothing personal here.

I write this because of all the forums I have ever been involved with (not all to do with trading), this particular thread is without question, the best I have ever experienced and long may it continue. Many will come and go, that is human nature but it's core principles still remain ... this is a wonderful, friendly community, please let's keep it that way.

Happy Trading
All for one and one for all
  • #74,886
  • Jan 23, 2017 2:23am Jan 23, 2017 2:23am
Quoting okoso
{quote} Hi Emmanuel, Price just managed to close above the high of that MC and also above BRN 1.4200. Okoso {image}

There are risk in this trade seen on D1 and then on H4 and H1.
The orginal Big E' TMS template will not show your what the risk are.
It is advanced TMS traders who know how to look for risks. Sad thing is Big E stopped posting after Dec 0211 and he fell very ill and passed away in )ct 2012.

Manage this trade well and you will grab some pips as it is correction move now until we see a new trend.

Edit: we do not know if the new trend will run so we manage our stops tightly and have a Plan B ready for the coming days and week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,887
  • Jan 23, 2017 2:31am Jan 23, 2017 2:31am
Quoting Tekkies
{quote} Do not place a trade now EURAUD is going to go down and you will lose pips
Did that from the chart posted and the points by BigE. I do not trade this pare so had to open a chart for EURAUD
EURAUD H1 is still trying to find direction

The points BigE gave to look for when placing a trade is still relevant today as it was when BigE used in his day.
When traders say the marked has changed ask them to show you a chart where it has change - none can.
When traders say the price is always right asked them why is it going up /down because if it is always right it will be one long flat line and forex will not exist. Price is always trying to find the right market.

BigE has typed it many times keep it simple

cristy posted a nice post and then goes and spoil it with a link to a back testing program after he bashed TDI for useing "Not a Institution level trader SPEND TIME WITH indi's based on equation and mathematics from old price" Speaking of contradicting yourself.

Back testing is to show only that a system has potential.
Demo trading is not realistic because emotions do not have an negative impact.
Rather find a broker with micro / nano account and trade live 0.01 lots.

About the last couple of post - got fed up with the nonsense some members post (me included) and then some newbie or even a oldhand get taken for a ride.

edit : cvgreen point taken
  • #74,888
  • Jan 23, 2017 4:16am Jan 23, 2017 4:16am
Hi...

Woud this setup a good short as soon as the cross is confirmed? SL above resistance TP next support.... I am starting to study this system... sorry if a mess up...

Attached Image
  • #74,889
  • Jan 23, 2017 4:19am Jan 23, 2017 4:19am
Quoting Tortilla
Hi... Woud this setup a good short as soon as the cross is confirmed? SL above resistance TP next support.... I am starting to study this system... sorry if a mess up... Sin ttulo.jpg;2151344 {image}

based on what I see on your chart and using Post#647 as my pre-trade checklist, I would preserve my trading capital and look for another pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,890
  • Jan 23, 2017 4:24am Jan 23, 2017 4:24am
I think it is as bad, taking candle patterns solely on their own without taking into account the timeframe above and your indicator of choice as it is to take an indicator solely on its own. Look at the EA trade. Yes it closed above a master candle, (has anyone done thorough backtesting on a master candle as I have and seen just how many fail, it is a lot! certainly many more fail than win, very unreliable on their own) one look at the H4 candle and I did not take it because on my chart it closed a doji then another candle that showed indecision , both of those candles were also unable to close above the first candle of the day. Those sorts of candles show indecision which could go either way, so what to do, couple that with being right on top of a round number, as tekkie rightly pointing out not a good tdi signal on H1 and it is a no trade for me far too many things against it to be a high probability trade.

I am not an advanced tms trader but I do not believe in taking anything that does not have when everything is taken into the equation what I would regard as high probability.
Success means going from failure to failure without loss of enthusiasm
  • #74,891
  • Jan 23, 2017 4:57am Jan 23, 2017 4:57am
Quoting emmanuel7788
{quote} based on what I see on your chart and using Post#647 as my pre-trade checklist, I would preserve my trading capital and look for another pair.
Many thanks emmanuel, as I said I'm starting to study this system, it seems very interesting. Sorry for bothering with my questions...

I will keep reading you all.

Regards from Canary Islands,
  • #74,892
  • Jan 23, 2017 6:14am Jan 23, 2017 6:14am
My consistency:

lack in profits due to lack of consistency in trade management. Letting losers run, while cutting short the winners. Only to see winners run even further while losers u turn to become either profitable or much closer to BE.

Quoting emmanuel7788
CONSISTENCY I read a few recent posts where members said they face 'problems' to have consistency. What exactly is your consistency 'problem'? - consistency in picking trade setups that run into profits - consistency in your trades win rates - consistency in your $profits - consistency in your system Expectancy - consistency in your Risk:Reward - consistency in your trade management and exits - ... please post what your experience with consistency and I will share with you my experience with CONSISTENCY and what I did to tackle this important aspect...
  • #74,893
  • Jan 23, 2017 6:16am Jan 23, 2017 6:16am
Quoting Tortilla
Hi... Woud this setup a good short as soon as the cross is confirmed? SL above resistance TP next support.... I am starting to study this system... sorry if a mess up... Sin ttulo.jpg;2151344 {image}
Tortilla
Why short? - Are you hoping to caught the down move early? Early bird or second mouse

Yes it is a good place for a potential short trade
why.
close to 50 line moveing going down
resistance will give the down trend a nice push down
support is a long way down at the bottom
if you are using:
red line - it is moving down
yellow line - going flat
green line - starting to tip down with red

SL above resistance TP next support.
Yes - those place are the right place to put them were the big boys can take them for pocket change.
BigE did not trade with SL or with TP

Always remember this two line from BigE:

A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally.
I always look to the left for a possible res/sup level being near. If it's close I pass on the trade and go find another...

Tortrilla don't jump the cross. Yes you might be lucky once or twice then the market is going to give you a bloody nose and a empty account.
  • #74,894
  • Jan 23, 2017 6:43am Jan 23, 2017 6:43am
Quoting lisat
candle patterns.
Typically an other misconception feed to newbies and old hand traders by some wannabee guru a long time ago in this forum.

BigE has talked a lot about candles and he refer to candles:
1. HA Candles... What are their size? If they are small I will usually go find another set up..
2. Note the last 20 candles (PA) are pretty flat with some movement.
3. Are the candles getting smaller
2. Are the wicks starting to pull back more
4. No small candles forming?
5. Are the previous candles small...
6. Look at the candles on the last reversal... big, little, what

Note: try and find a post by BigE about candle patterns. please post it here
  • #74,895
  • Jan 23, 2017 8:19am Jan 23, 2017 8:19am
Quoting Tekkies
{quote} First you admire my post now it is junk. You still have not raised to the challenge emmanuel. So please are you going to do this or not From post 74859 Why are the three of you posting junk remarks without statementing it with fact's. Not facts that you suck out of your thumb or from some book you read or webpage. If you do response to this post do it with what BigE has posted. (sample in this post)
Hi there,

I do not know you either but please be kind. Emmanuel has done nothing but educate and help people here on this forum for years. He has been a guiding force on this forum since Big E passed and yes, he did know the man. Please refrain from criticizing as the negativity helps no one, including you and your trading. I have been a trader for many years also and have continued to learn from Emmanuel and others over the years. This forum is meant to educate and encourage, not to dump on anyone.

My first time on this forum Big E was still with us. He did not tolerate people with a bad attitude. He would merely disbar them from the thread. Something that Emmanuel doesn't do. He always seems to hold out the hope that people with unpleasant and negative comments will come around eventually and become contributors and not criticizers. Since it is difficult to convey the tone of a message at times without a voice behind it, just know that Emmanuel is not dumping on you, only asking that you offer positive feedback and stick to the goal of education and learning here.

Thanks and happy trading to you.
  • #74,896
  • Jan 23, 2017 8:56am Jan 23, 2017 8:56am
Quoting rupasi
{quote}He did not tolerate people with a bad attitude. He would merely disbar them from the thread.
So right rupasi so right
How many traders would have been disbar because they add their little twist to TMS.
Two classic examples
Where did BigE every discussed candle patterns.
Where did BigE said to check higher time frames before placing a trade.

Now you are the second person trying to reprimand me for calling a spade a spade.

Yes rupasi I have a bad attitude towards members starting to impose their distorted view of how to trade TMS on / in this forum and on members.
As previously stated as a newbie it took me about three months to weed out all the rubbish that have been posted.

Everyday it get more and more. When members stick to what BigE has outlined post like this one would not be necessary.
#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...
Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !
#7657
OK Chillin' lets not throw water balloons or continue mud wrestling...
I presented this method in its 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. Let's keep our method clean and stream lined please...
#8286
EVERY BODY OUT OF THE POOL!
If you want to add indicators... keep it to yourself and please don't post it here. You know the rules... please trade it as laid out.
Trade it during the first 1-3hrs of any session on the 1hr chart and 4hr chart during the London open.
Study old charts on winning trades. Learn to recognize them.
Watch your ang
The I in above post is BigE. Not emm or tekkies or newbie trader or old hand trader.

Rupasi BigE has left us who stayed behind something of great value. Members that have the know how of TMS must still laid it out the way BigE has done it
  • #74,897
  • Jan 23, 2017 9:09am Jan 23, 2017 9:09am
hi,please tell me your using the ma's period
  • #74,898
  • Jan 23, 2017 10:23am Jan 23, 2017 10:23am
Quoting Tekkies
{quote} So right rupasi so right How many traders would have been disbar because they add their little twist to TMS. Two classic examples Where did BigE every discussed candle patterns. Where did BigE said to check higher time frames before placing a trade. Now you are the second person trying to reprimand me for calling a spade a spade. Yes rupasi I have a bad attitude towards members starting to impose their distorted view of how to trade TMS on / in this forum and on members. As previously stated as a newbie it took me about three months to weed...
Usually I don't post on this thread followed on Lisat post since I subscribed to him/her and end up reading your post as well.
I generally agree with you and that's why on my thread I just ban people who can't or wont follow what I have outlined.Only way to keep the integrity of the ideas intact.
In truth there is nothing simple left from TMS on this thread anymore.
regards
In trading, you have to be defensive and aggressive at the same time
  • #74,899
  • Jan 23, 2017 11:33am Jan 23, 2017 11:33am
A lot of noise in the market place today. Do not let be distracted by all the noise. Focus on your trading tasks.

EURAUD D1 candle to close in 2 hour 29 mins.

Do you take the buy trade setup?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD D1 2H29M to close.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,900
  • Jan 23, 2017 11:36am Jan 23, 2017 11:36am
Quoting tejaharine
hi,please tell me your using the ma's period

its the 5-METHOD so it is 5EMA,Typical price, Shift+3

if you don't use the 5EMA, can you still call it Trading Made Simple?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
44 traders viewing now