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Trading Made Simple

  • #74,961
  • Edited 3:32pm Jan 24, 2017 3:05pm | Edited 3:32pm
Quoting Tortilla
{quote} Thank you for posting. What defined your TP? Regards

Hi Tortilla

While I am trying to target my TP as 1:1 = R:R, I also take consideration S/R and trading session.
It's almost end of New York session and I see previous resistances.

One more thing : "HA Candles average 3-8 candles per swing."

Cheers;

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  • #74,962
  • Jan 24, 2017 3:32pm Jan 24, 2017 3:32pm
Quoting inforserve
{quote} Hi Tortilla While I am trying to target my TP as 1:1 = R:R, I also take consideration S/R and trading session. It's almost end of New York session and I see previous resistances. Cheers; Image1.png;2154160 {image}
Hi inforserve
Why did you not put a trailerstop on the winning trade.
Let the winners run.

Could have moved the stoploss to where it said in red "spread 9 points"
Yes there is a resistance which would be at 123,515
Look where the cross happend at 35 / 36
The angle of green it is almost at 12:30
Blue bands are far above / below 68 / 32
Candles are big and strong.
  • #74,963
  • Jan 24, 2017 3:45pm Jan 24, 2017 3:45pm
Quoting Tekkies
{quote} Would you like to see the trading journal or have the password to the live account. But wait let me read that post again. The time is up...let's hear what you have learned Will ignore the typo "hear" and replace it with type and also no need to prove anything Only need to relay what have been learned. 1. Trading Made Simple is a great system. 2. All the info that BigE has posted is still relevant now as it was back then. ea - BigE full.pdf 3. You do not need all the rubbish thatmembers dish-up now days as the gospel truth. 4. Keep it simple....
Are you sure #671? It is not by BigE and it does not seem very meaningful
  • #74,964
  • Jan 24, 2017 3:48pm Jan 24, 2017 3:48pm
Quoting Tekkies
{quote} Hi inforserve Why did you not put a trailerstop on the winning trade. Let the winners run. Could have moved the stoploss to where it said in red "spread 9 points" Yes there is a resistance which would be at 123,515 Look where the cross happend at 35 / 36 The angle of green it is almost at 12:30 Blue bands are far above / below 68 / 32 Candles are big and strong.
Hi Tekkies

You may be right and good way to increase profit but I do have my trading plan to close my postilion toward end of New York session.
Will consider this when I modify my next trading plan.

Thanks
  • #74,965
  • Jan 24, 2017 4:14pm Jan 24, 2017 4:14pm
Quoting pips29
{quote} I am not referring to that chart you posted...There was a trader here who posted all winning trades but in hindsight..He was showing big E's way but in hindsight..like I said before you cannot go wrong with hindsight trading..I just hope you will post trades when taken and not when you are in the green..I have no ill feelings towards you and I sincerely wish you the best..I don't lose when you win..please remember that
Pips29 I do not understand what you mean by hindsight trading when the chart is current and the order is running.

And you are wrong in one aspect. Forex is a zero sum game. You might not be losing when I win there will be someone somewhere that will have a "Facepalm"

Before I post the second currant open trade Pips may I ask why must I give proof that trading TMS the way BigE did five years ago is still good as it can get and you don't need junk to do it. No member have asked BigE to give proof that his TMS is wheelbarrow full pips to the bank. Why do you also not ask other members to give proof of their trading. Seeing that you are fast to ask for proof why do you not show your trading chart. I show - you show just apply the rule that you have imposed on me on yourself.

Anyway Pips here is a second chart. Apologise for not posting immediately after the trade was placed.
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  • #74,966
  • Jan 24, 2017 4:25pm Jan 24, 2017 4:25pm
Quoting Sanbernardin
{quote} Are you sure #671? It is not by BigE and it does not seem very meaningful
Sanbernardin
That was a typo before I could rectify it FF admin notified me by emial that "Your membership at Forex Factory has been temporarily suspended by a senior member."

It must be post#647
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are
in your favor. Why? Because I'm expecting 3-8 candles... which is average...
With bounce trades the odds are lower for your success... but it still works.
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
How close am I to the previous high or lo
Am I in an uptrend or downtrend.. short & long term...
Am I in or close to a consolidation area
Are the previous candles small...
Look at the candles on the last reversal... big, little, what
How does the momentum look right now (12-2, 4-6)
Does Stoch's confirm the TDI signal
Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

edit: thanks Sanbernardin rectified typo
  • #74,967
  • Jan 24, 2017 4:33pm Jan 24, 2017 4:33pm
Few posts back, I asked how TMS members doing in term of month by month performance but no one post or reply back.
So I post my performance for this month and hopefully I can see another member's one as well.
Then we can discuss how we can improve our trading for next month and so on.
By the way, I am trading S/S. ( Single Entry/Single Exit )

For me, I think I am still over trading and I have to increase R:R.

Feel free to comment.

Cheers;
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  • #74,968
  • Jan 24, 2017 4:41pm Jan 24, 2017 4:41pm
Quoting pips29
{quote} I am not referring to that chart you posted...There was a trader here who posted all winning trades but in hindsight..He was showing big E's way but in hindsight..like I said before you cannot go wrong with hindsight trading..I just hope you will post trades when taken and not when you are in the green..I have no ill feelings towards you and I sincerely wish you the best..I don't lose when you win..please remember that
Closed the order because green is going flat. No more proofs.
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  • #74,969
  • Jan 24, 2017 4:55pm Jan 24, 2017 4:55pm
Quoting inforserve
+40 pips This trade took on Asian Session with premature setup. put the stop loss at swing low and luckily had been positive one. I know back of my mind, it could be wining one since it was up trend with good up and down swing. From Big E "When I'm online trading... I look at the 4 hour and daily charts for set ups. When I find one I look at the overall trend on different time frames to make sure they are going in the direction of my intended trade, I look to see the last hi or low and how close I am to the last..." Finally, I am sort of understand...

Hi Inforserve,

Very good trading following Big E' 5-Method. You are doing great. Good example others can learn from and emulate.
And thanks for that Big E's post#3745 where he did mentioned that he looked at other timeframes for overall trend when he traded H4 nd Daily.

Today I am looking at UJ, AJ, EJ and GJ. Looks like we may have potential Position trades in the making.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,970
  • Jan 24, 2017 5:00pm Jan 24, 2017 5:00pm
Quoting inforserve
Few posts back, I asked how TMS members doing in term of month by month performance but no one post or reply back. So I post my performance for this month and hopefully I can see another member's one as well. Then we can discuss how we can improve our trading for next month and so on. By the way, I am trading S/S. ( Single Entry/Single Exit ) For me, I think I am still over trading and I have to increase R:R. Feel free to comment. Cheers; {image}
CONGRATULATION!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,971
  • Jan 24, 2017 5:08pm Jan 24, 2017 5:08pm
Quoting lahcenFX
usd/jpy 4h What do you think emmanuel7788 {image}

Hi LahcenFX,

you are in the money.. now.
It is still early to say if D1 will run higher but I will hold UJ and see how I can add positions with my banked-in profits and to "let my profits run".
I look at AJ, EJ and GJ on D1 chart and these looks promising to support weaker JPY. Must be patient with this one.

Trade Well and manage for maximum profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,972
  • Jan 24, 2017 5:11pm Jan 24, 2017 5:11pm
Quoting inforserve
Few posts back, I asked how TMS members doing in term of month by month performance but no one post or reply back. So I post my performance for this month and hopefully I can see another member's one as well. Then we can discuss how we can improve our trading for next month and so on. By the way, I am trading S/S. ( Single Entry/Single Exit ) For me, I think I am still over trading and I have to increase R:R. Feel free to comment. Cheers; {image}
Carefull inforserve
Did that 3 months ago and pips29 could not believe it. Wonder who is going to ask you to post live charts to proof that it is possible this time

You can only improve by practise, looking and discus I don't know, never tried it.
Use Trade Explorers, go through all trades for the month.
Take note of the losing trade and what the chart said /say / told you at the time of placing that trade.
Seek the reason why you missed that fatal clue
Recheck the list in use about entry / exit rules.

Question inforserve why did you mention post3745 from Craig Harris Stochastics Method. It is only going to confuse members that are trying to learn Trading Made Simple. The two forums or methods are not the same
  • #74,973
  • Jan 24, 2017 5:13pm Jan 24, 2017 5:13pm
Quoting inforserve
{quote} Hi Tekkies You may be right and good way to increase profit but I do have my trading plan to close my postilion toward end of New York session. Will consider this when I modify my next trading plan. Thanks

Hi Inforserve,

Another good post and sharing.

Make a tradeing plan, trade according to your trading plan. That's DISCIPLINE which I learn here.

Thank you.

If you are considering how to "let profits run", you can consider to think like an investor and trade like an investor.

I know the Big E did not like to monitor his chart when he trades, especially when he traded H1. I have a simple solution when anyone does not like to monitor their trades and charts when they have running trades.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,974
  • Jan 24, 2017 5:35pm Jan 24, 2017 5:35pm
Quoting emmanuel7788
{quote} GBPUSD H4 update: the last H4 candle just closed. see chart update below: GBPUSD H4 Jan 24 H4 closed pull back.png;2153185 Is that a 5-Method set up candle? You decide on your own. Big E is aggressive in his entry... Post#718 http://www.forexfactory.com/showthre...31#post4582731 {image}

Anyone traded this yesterday. Please share with us your entry and exit.

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Aggressive entry and exit made money (hindsight review) .
Conservative entry had to cut loss.

I am a conservative trader and I did not lose money on this one. I checked the higher TF trend and do not trade against the higher TF trend.
That's my checklist using Post#647 as my pre-trade planning. Do Not trade against the short term and long term trends. Learn to pick only the best setups like Big E. I call these A+++ setups when they fulfill the conditions in Post#647.

Some people will say that we must accept some losses in this forex trading. But some losses can be avoided and we must have the top priority to preserve our trading capital. When we avoid taking certain type of trade setups and avoid the losses, our win rate will improve.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,975
  • Jan 24, 2017 5:57pm Jan 24, 2017 5:57pm
Quoting Tekkies
{quote} Carefull inforserve Did that 3 months ago and pips29 could not believe it. Wonder who is going to ask you to post live charts to proof that it is possible this time You can only improve by practise, looking and discus I don't know, never tried it. Use Trade Explorers, go through all trades for the month. Take note of the losing trade and what the chart said /say / told you at the time of placing that trade. Seek the reason why you missed that fatal clue Recheck the list in use about entry / exit rules. Question inforserve why did you mention...
Yes, You are right. It's from BIG E comment pdf file complied by Otiose which I studied and it didn't specify whether it's TMS or Craig Harris Stochastics Method.`
I do not wish to confuse other members but I will keep this to myself which is working for me. I will remove the quote.

Cheers;
  • #74,976
  • Jan 24, 2017 5:57pm Jan 24, 2017 5:57pm
Quoting emmanuel7788
{quote}How do you know if you have the WINNING EDGE in this trading business?
From the recent posts, I 'learned' that traders will know if they have the winning edge when they start to copy and paste
each one of Eelfranz' posts and they become rich by trading only with the TDI

Quoting emmanuel7788
A lot of noise in the market place today. Do not let be distracted by all the noise. Focus on your trading tasks.
The truth is I enjoy this kind of enviroment, when as an online forum the true FF spirit comes out.
Nice times to have a good laugh

For serious people, I would suggest you to focus on trading and avoid internet noise.

Quoting Tekkies
{quote}Allow new members to find their feet with TDI with BigE way of trading. Make and keep it simple, so that he/she can understand what is been said. Allow newbie to set his own pace learning forex basic Allow newbie decide on his own and in his own time there is more to trading then mere two lines crossing on a chart.
I agree, newbies must decide on their own; if the want trading to make it simple or trading to make money.

Quoting BataviaTrade
Interesting this thread is becoming like the bible every verse / posting but also trade taken can be interpreted in a 100 ways. big e wasnt writing in Chinese as far as i can recall.
All that glitters is not gold.

Quoting luvene
{quote} And the stories continues...boring! This is really my last post in this thread. I am done.
Bye!
There is no worse blind man than the one who does not want to see.

Quoting pips29
{quote} oh! please don't. Let Tekkies show us the way to trade profitably this method
I agree, Tekkies please continue guiding us through the right and simple path to become profitable until newbies like
Emmanuel with null experience can achieve your success :v :v


Just kidding.
Sorry.
Back to trading.

Cheers.
  • #74,977
  • Edited 6:37pm Jan 24, 2017 6:25pm | Edited 6:37pm
Quoting inforserve
{quote} Yes, You are right. It's from BIG E comment pdf file complied by Otiose which I studied and it didn't specify whether it's TMS or Craig Harris Stochastics Method.` I do not wish to confuse other members but I will keep this to myself which is working for me. I will remove the quote. Cheers;

What is Trading Made Simple?
It is the 5-method which started in the Craig Harris Stochastics method thread.
It history is there where it began. Why was the CHS thread got moved to the Commercial forum section?
In the CHS thread, Big E discussed Craig Harris trading initially and move on to Synergy method.
He evolved as a trader and developed two methods in that thread - the 21/233 Method and the 5-Method.

Let's not forget ...
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


If you want to learn the 5-Method, there is a lot of good lessons in the CHS thread where you can learn to trade lower timeframes - H1, M15 and M5. If you get confused with any of the posts there, I am here to share and help you. I traded M15 and H1 for many years going back to 2011. You can read all my posts in LE1 M15 and X-Man H1 threads.

LE1 thread
X-Man thread
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,978
  • Jan 24, 2017 6:42pm Jan 24, 2017 6:42pm
GBPUSD D1 trade Jan 25:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 04 D1 trade entry Jan 25.png Size: 40 KB


initial SL is 175pips but the risk remains the same in %.
use Position Sizing to calculate your trade lot size.
Potential to scale-in should this run in favour.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,979
  • Jan 24, 2017 6:48pm Jan 24, 2017 6:48pm
Quoting Tekkies
{quote} Closed the order because green is going flat. No more proofs. XM MT4.png;2154232 {image}
You do not follow the way big E did...he never traded at this time of the day on the hourly...since you are the one who claim you are successful and following big E to the t, I must admit you are full of bullxxxx. Please go back and read the time he traded..and please do not post chart again..you have no stop/target and in fact you don't even know what you are doing..I have never ask traders to show their TE but only those who make a lot of noise and showing hindsight trades without the reasons for entries and targets..I have been showing live trades for several years on the 15 min thread and really getting tired. I don't want to waste any more time on you..Like I said when you win I am not the one losing..it's as simple as that and you don't understand
the cautious seldom err....C
  • #74,980
  • Jan 24, 2017 7:00pm Jan 24, 2017 7:00pm
Quoting emmanuel7788
GBPUSD D1 trade Jan 25: GBPUSD Week 04 D1 trade entry Jan 25.png;2154339 initial SL is 175pips but the risk remains the same in %. use Position Sizing to calculate your trade lot size. Potential to scale-in should this run in favour. {image}
Could you able to explain your thought process on this trade ?

Is it double bottom TDI cross & double insider break out in W1 ? with M1 APB formation or Fundamental ?

Or both of them ?

Thanks in advance.
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