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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

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Trading Made Simple

  • #79,181
  • Apr 23, 2017 10:08am Apr 23, 2017 10:08am
Thanks Scorps
  • #79,182
  • Apr 23, 2017 11:25am Apr 23, 2017 11:25am
Quoting 2scoops
I think this is worth a repost, all BigE's comments from this thread and the old one combined. Quote from the doc I found interesting: "#1 in importance is PA, #2 is the TDI for confirmation & Stochs is just an indicator I note. If TDI & Stochs are oppositre... I may pass on the trade..." For newbie's not familiar with the old thread the first 14 pages of this doc is from the old thread, some of it is useful but ignore the bits where BigE is talking about waiting for the candle to close over the EMA (we don't trade that way now) the last half of...

This old post by 2scoops is an important one. 2scoops was one of the pioneer members who was active with Big E in this thread.

Then you go to his profile and read his update why he stopped trading as of Dec 2016.

You can try, keep trying and trying and trying. But at some point, you will have to make that hard decision like he did.

This spot forex trading is a very tough business to put your hard earned money into.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,183
  • Apr 23, 2017 11:30am Apr 23, 2017 11:30am
Quoting ReverseFlash
{quote} Good day Emmanuel I found another TDI EA. Maybe this one can work better for the Back-testing. GL. RF. {file} {file}

Thanks RF.

I just took a sneak into this EA by mladen and find this may be a good EA for running back-testing and learn from back-testing. His codes are very clean and his coding structure makes it easy to learn for anyone who wants to back-test various entry and exit conditions.

Have fun with back-testing folks. This will help you learn much faster and to build confidence in the 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,184
  • Apr 23, 2017 11:36am Apr 23, 2017 11:36am
Never trade for a living. TRADE FOR LIFE.

If you still have not watch that video and do not know the 5 Risks in trading,

Attached Image (click to enlarge)
Click to Enlarge Name: 23-4-2017 7-56-37 PM.png Size: 141 KB


go back to this post.

https://www.forexfactory.com/showthr...66#post9780666
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,185
  • Apr 23, 2017 11:48am Apr 23, 2017 11:48am
Quoting eelfranz
TDI Roll Over or hooking over Exit Signals: {image}
Attached Image (click to enlarge)
Click to Enlarge Name: TDI RollOver.png Size: 183 KB


This old post and training chart by Big E.

While doing back-testing in the recent weeks, I discovered a few more things about reading Price Action on charts.
The problem I had was that I was looking at the TDI too often and not paying more attention to what the price was doing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,186
  • Apr 23, 2017 11:59am Apr 23, 2017 11:59am
Quoting eelfranz
Here is a training chart... yes, yes, yes there are many trades on it but look at the TDI Blue boxes. 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... {image}
Another Big E ' post and training chart.

Attached Image (click to enlarge)
Click to Enlarge Name: post115 training chart.png Size: 180 KB


Look at the price above, what is the price action you see before the TDI confirms the price action?

If you can see the price action than you are ahead of the TDI.

#1 importance is the PA
#2 is the TDI cross or the bounce.

LEARN TO LOOK AT PRICE FIRST BEFORE ANYTHING ELSE.

If you still don't get it, post your chart and ask.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,187
  • Apr 23, 2017 12:16pm Apr 23, 2017 12:16pm
These two posts about trading with robots EAs:

In this first post by member Moewet, he asked of trading robot EA.

Quoting Moewet
Hello I'm I think this system rocks can someone with invite Steve Hopwood to this party I mean I would ask him myself to create this ea but I have no reputation on FF,so most likely he'll just ignore me but please someone reach out and touch him on this one,I know sometimes people don't want ea's to clutter the thread but the way Steve's been doing it lately he can just start a separate thread,thanks I respect the pippin going on here!
In Big E reply post below:

Quoting eelfranz
Moe, We don't want any EA's. Why? They can't observe and think like humans can and do. You need to learn to think on your own while trading and making your own decisions. Most EA"s don't work well anyway... sorry buddy...
I fully agree with Big E. Trading robot EAs do not work. The reason is very simple. His trading style was discretionary and depends very much on his own knowledge and experience, that is how he interprets his own Post#647. You can never program that Post#647 into an expert advisor to take trades for you.

What good then is using expert advisors?

1) for running back-testing more comprehensive and much faster than we can scroll back into history charts. It can also collect test data information for further analysis which we use to develop our trading system.
By running an EA in the MT4 strategy tester and observe how the EA take a trade entry using TDI cross and how to exit the trade using the conditions programmed in the EA will also help us learn how to trade with the TDI and also by observing the price action on the charts while the EA is running.

2) expert advisors EAs are good to use in trade management when we do not like to monitor our charts too often when we have open trades. many traders today uses the THV CaveManager EA to manage trades. back in 2010, Big E did not have this EA trade manager and he managed his trades manually, moveing his stops, etc manually. He also did not like to monitor his chart too often so why didn't he use an EA for trade management back then?

Use the latest in technology for example what MT4 and MT5 offer us today. Many of the things we have today were not available back in 2010 during Big E trading days.

We live in the present.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,188
  • Apr 23, 2017 12:27pm Apr 23, 2017 12:27pm
Quoting emmanuel7788
{quote} updated since this morning post. now we see the same chart refreshed {image} refreshed below: {image}
Quoting marionetka
{quote} It's my top down analysis. (Note: let's imagine that we don't see the bar of this week.) MN. January is WRB. From February to today price goes inside this bar. On Monday price was below the previous close of Monthly bar (it's Resistant Level). Conclusion: Sideways. {image} W1. Last 6 weeks market is in sideways. Previous week closed around RL (previous MN close). Swing down = LL - LH. Conclusion; price is locked berween levels. I would wait a breakdown in any direction. {image} D1. Friday is Inside Bar. But all close below RL and Monday...
Quoting Deichkind
{quote} My Top down analysis for NZDUSD this week: monthly and weekly seems to be in range, no clear direction monthly under EMA 10,this and last month rejected from monthly swing dezember/january, {image} weekly wents back into PAC but with strong candle, I don't expect a bigger move this week {image} at Daily close out of PAC and break of a monthly swing line, a nearbe resistance at 0.7060 and Ema 200 in the north, maybe this points could be possible exits... {image} why I don't take this trade? Has nothing to do with trading, I was on nightshift...
Hi, guys.
Last week, we tried to discuss NZDUSD. It was not very active. I propose to discuss this week's plan of NZDUSD.
There is no reason to trade if there is no reason to trade.
  • #79,189
  • Apr 23, 2017 12:28pm Apr 23, 2017 12:28pm
Quoting Kuzact
Any advice on monday for eur/usd?
EURUSD Week 17 (April 24 to 28) to Week Week 22 ( May 29 to Jun 02)

Look at Monthly and Weekly chart and trade longer term until we see a clear winner in the French presidential elections.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,190
  • Apr 23, 2017 1:50pm Apr 23, 2017 1:50pm
@emmanuel7788 why is your indicator different than mine?i follow the indicator that u give me on page 3955 n yet your H4 are different by huge...can u please don't make a joke to newbie?if u don't want to share it's ok..but by giving people false thing u can make me mess up all my trade..please be kind..
  • #79,191
  • Apr 23, 2017 2:18pm Apr 23, 2017 2:18pm
Quoting v2vboni
{quote} hello Eaglefx, I can't see how clear the TDI cross on your chart or maybe it needs point exactly where the trade entry point was. Anyway, it is easy to curve fit the TMS rules on your chart after the narratives have been shown. The best way is to analyzed a mistake if you are trading using TDI by taking a screenshot upon your trade entry. A purely TMS approach will not be simple at all for newbies or for other experience traders who just blindly follow the rules. Below is an example of a TDI crosses that went through perfectly (after the...
I like your TMS template very much! would you be able to share it please!

Thanks and cheers
  • #79,192
  • Apr 23, 2017 2:44pm Apr 23, 2017 2:44pm
Quoting emmanuel7788
These two posts about trading with robots EAs: In this first post by member Moewet, he asked of trading robot EA. {quote} In Big E reply post below: {quote} I fully agree with Big E. Trading robot EAs do not work. The reason is very simple. His trading style was discretionary and depends very much on his own knowledge and experience, that is how he interprets his own Post#647. You can never program that Post#647 into an expert advisor to take trades for you. What good...
Hi Emm,

>> Trading robot EAs do not work

How does this correspond to your positive backtest results?
  • #79,193
  • Apr 23, 2017 3:04pm Apr 23, 2017 3:04pm
Quoting josh11
HAVE SOME RESPECT FOR THE OWNER OF THIS THREAD, HE REQUESTED NO EA!! How long has it been now and you still haven't opened a new thread lol what a joke!! THIS GUY JUST KEEP DISRESPECTING eelfranz AT EVERY TURN, YOU QUOTE HIM IN A LOT OF YOUR POSTS BUT MAYBE YOU CANT READ THEM!! THERE IS A TECH THREAD PLS MOVE YOUR EA MESS THERE!
I'm so sorry, I'm just a newbie I have a lot learn yet. I don't mean to disrespect anyone. Thank you.
  • #79,194
  • Apr 23, 2017 4:43pm Apr 23, 2017 4:43pm
Many pairs opened with gap and look like trading will be difficult this week if only based on TDI crosses.

Dear Emmanuel I have a question 2 questions

A) Three entry conditions for D1 chart trading you mentioned

1) HA must close either above or below the PAC.

2) 'trend' we see using the PAc 5SMMA high-low

3) DI Moderate mode.

and exit when HA colour change

These entry and exit conditions can be applied to H4 trading or do we need any changes in the rule.

B) I was reading old posts and was unable to get the concept of

"Trade away from the DOL/WOL 50 EMA ,200 EMA "

Please if you can kindly explain both of them, it will be highly appreciated.
  • #79,195
  • Apr 23, 2017 5:21pm Apr 23, 2017 5:21pm
Quoting mazibee
Many pairs opened with gap and look like trading will be difficult this week if only based on TDI crosses. Dear Emmanuel I have a question 2 questions A) Three entry conditions for D1 chart trading you mentioned 1) HA must close either above or below the PAC. 2) 'trend' we see using the PAc 5SMMA high-low 3) DI Moderate mode. and exit when HA colour change These entry and exit conditions can be applied to H4 trading or do we need any changes in the rule. B) I was reading old posts and was unable to get the concept of "Trade away from the DOL/WOL...

A) You can adapt the same conditions on all timeframes - H1, H4 and D1 trading.

B) Read up the Power of the 10EMA.
https://www.forexfactory.com/showthr...44#post9512444

and this chart below:

Attached Image (click to enlarge)
Click to Enlarge Name: PAC 5SMMA w 10EMA.png Size: 143 KB


and some research for everyone who is interested.

Why did Big E removed the PAC 5SMMA and replaced that with 5EMA, Typical Price, Shift+3? and call his method the 5-Method. From which systems did he copied the use of displaced moving averages?

one way to learn from Big E is,
1st - start from where he started as a newbie trader here in FF.
2nd - learn everything he knew since 2008 which he posted here in FF.
3rd - learn what he removed and added to create his two methods - 21/233 Method and this 5-Method.
learn by 'reverse engineering' and you will eventually have a very strong foundation to trade his two methods.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,196
  • Apr 23, 2017 8:57pm Apr 23, 2017 8:57pm
Here is my latest D1 trade opened April 18 at candle open:
Buy EURJPY at 115.94, S/L: 114.50, T/P: 119.0

I had my stop loss at 116.16 before going to weekend, trade closed at 120.50 with positive +150 slippage due to EUR gap.

The trade worked out to my advantage although I probably should have closed it before the weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-04-24_EURJPY_SellClose.png Size: 34 KB
  • #79,197
  • Apr 23, 2017 9:33pm Apr 23, 2017 9:33pm
5 Risks you should know and know well...


Attached Image (click to enlarge)
Click to Enlarge Name: 23-4-2017 7-30-07 PM.png Size: 248 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 23-4-2017 7-16-33 PM.png Size: 135 KB



https://www.forexfactory.com/showthr...66#post9780666
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,198
  • Apr 23, 2017 9:49pm Apr 23, 2017 9:49pm
Quoting emmanuel7788
Week 16 April 20 D1 chart trading: AUDUSD - possible sell but beware of the current month low and also last months' low as support. EURUSD - still in buy mode despite yesterdays bearish day. Note the space between the TDI Green and Red. What did Big E say about this? GBPUSD - look out for price consolidation between BRN 1.2800 and 1.2900. Opportunity ahead. USDCAD - buy mode. look out for break of last months' high and target 1.3600. NZDUSD - stull buy only despite yesterday's bearish day. EURAUD - buy EURCAD - buy EURNZD - stand aside, no trade....

EURUSD Week trades closed ... 698pips jackpot does not happen all the time, but when we follow the higher TfFweekly and monthly and use the TDI in Moderate mode, the probability is there.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 17 jackpot.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,199
  • Apr 23, 2017 9:52pm Apr 23, 2017 9:52pm
GBPUSD Week 17 Apr 24 to 28:

should start pay attention to this pair as it has been sideways for several days after that April 18 big candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,200
  • Apr 23, 2017 10:09pm Apr 23, 2017 10:09pm
Quoting TheScorpS
{quote} {quote} At the time I started trading , I came across Xman thread , there were Phx62 and Dee50, and other super trader, that knows what to do, and have reached there goal long before I started trading , I was fascinated by Phx62 style and clarity , simplicity , using TMS strategy and Price Action, but was not my time to be a trader, as it needed lot of works , hard work to find ground, so I started studying Phx62 and Big E books, but then went in depth to study Phx62 books that he shared and a generous trader here with us complied those...
Hi Tss, could you share the template you are using right now?
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