week mar 25
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Trading Made Simple the right way, and other trading lessons 333 replies
Monitor for 'Trading Made Simple' system 563 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
DislikedAlso,
If you keep reading, Big E got to the point where he dropped
the 5 ema & stochastics. He was only using the synergy apb
& Tdi. The reason he taught everyone to use the stochastic
and 5 ema was to give new traders warm fuzzy feelings.
He also played with the Tdi as his exit indicator. First he would exit
when he got up in the morning (n/y open) and close his positions or
switch to the 1 hour charts. Later on, he would exit when the Tdi
turned back into the red signal line (optional exit).
I think that Big E was intraday...Ignored
We only have these sort of questions after we have traded for a while and realise what the market is doing. Or, from reading chart attachments/posts from others who share their own experience
I moved from Ichimoku (which is basically an all-in-one indi & tells everything: SR, trend, PA) to BigE one. And I realise TDI is fairly a better indi and much simpler without the price lag. Same as BigE, I trade H4. I'm not good enough at H1 (even with Xman method) so I reckon other new starters to be the same. if not, move to higher TF like daily. It's extremely easy to be profits by using only APB and 5ema shift 2 on daily chart. I'm not really that patient & want to scalp the hell out of H4 so I trade H4.
Also about why use Heiken Ashi/APB instead of Japanese candle:
For example, at the start of the new candle, Japanese candle appears as a small doji but APB candle can appear as a big normal candle. Hence (if I recall correctly), BigE mentioned in the other thread that he'd get out if the APB candle pull back 5 pips or so. Because this means on the TF (h4), with Japanese candle, the price may have pulled back 30pips.
Also about should we trade now. Holiday = no momentum, so no. (I closed all my trades by the end of Thursday). TDI does not work great if the market has no momentum. Should wait for end of Asian next Tues to look for opportunity.
Disliked[*]how are the previous candle compared to this one? are they ranging and this one is a break out? etc. (emmanuel7788's exercises are very good to recall)
.Ignored
DislikedAlso,
If you keep reading, Big E got to the point where he dropped
the 5 ema & stochastics. He was only using the synergy apb
& Tdi. The reason he taught everyone to use the stochastic
and 5 ema was to give new traders warm fuzzy feelings.
He also played with the Tdi as his exit indicator. First he would exit
when he got up in the morning (n/y open) and close his positions or
switch to the 1 hour charts. Later on, he would exit when the Tdi
turned back into the red signal line (optional exit).
I think that Big E was intraday...Ignored
DislikedHere is some motivation for ya'll...
My first big profits on "TMS" I went out & bought
a Harley Davidson. I would rather ride my motorcycle
than trade the markets but you gotta do what you gotta do.
The second picture is how I approach the markets...
Hope these pictures keep you all motivated!!!
snarlyjackIgnored
DislikedYou have captured the essence of TMS as Big E intended - Keep it Simple. One of Big E's posts talked about killing the trade when it had pulled back 10 to 20 pips and then looking for a re-entry point if the trend continued - his experience was that this saved you lots of pips a week and they do add up - I'll often kill a trade that is stalling, or move the SL up and possibly look for an add-on later. If yo take the view that your job is to farm pips and not go for the giant wins on every trade, the farming will result in filling...Ignored
Dislikedhi everyone ... I'm happy because my question about indicators HA AND APB synergic have developed these posts for discussion on this subject, clarified my doubts and I hope to have contributed to help others with the same questions as me. But quite honestly say that it was much more important to have contributed to that BIG-E back to be remembered, to have spoken it again made ​​me very very happy. I wish you all good health and a GOOD and HOLY EASTER. regards, JVBS:Ignored
DislikedHere is some motivation for ya'll... My first big profits on "TMS" I went out & bought a Harley Davidson. I would rather ride my motorcycle than trade the markets but you gotta do what you gotta do. The second picture is how I approach the markets... Hope these pictures keep you all motivated!!! snarlyjackIgnored
DislikedHi Everyone I visiting FF for more than 3 years in guest mode, but this thread forced me to register and say thanks to Big E and others for this awesome and simple method. I hope to be helpful to others. Just Thanks again and again till ...Ignored
DislikedHere is some motivation for ya'll... My first big profits on "TMS" I went out & bought a Harley Davidson. I would rather ride my motorcycle than trade the markets but you gotta do what you gotta do. The second picture is how I approach the markets... Hope these pictures keep you all motivated!!! snarlyjackIgnored
DislikedGuys and Gals, I'm to the point that I don't use the stochastics that much anymore and just rely on the TDI indicator. The stochastics cycles differently than the TDI and I trust the TDI more. (but that's just me)... Also I work at night. Before I go to work I'll set my trades (2 four hour bars). I work from 10:00 P.M. to 6:00 A.M. mountain standard time which is about 4 hours before the London open. I'll set a $100.00 hard stop (just in case) and go to work. I can't check my charts until I get home again 8 hours later. For the most part 80% of...Ignored
DislikedHow to catch 'falling knife'? Same chart like this one above. just turn it upside down. http://www.forexfactory.com/attachme...1&d=1364688474 ("http://www.forexfactory.com/attachment.php?attachmentid=1162661&d=1364688474") The world looks different when you do the head-stand.Ignored
DislikedI am happy that you are happy. Since I am happy, I made this chart example for you. Learn this and look out on your charts next week starting Tuesday 2 April. Monday, do not waste time trading live, Just back-test and see how often such chart condition occurred in the past. Internalise these and it will become intuitive when you trade live. Big E said a few times before, "...PA is PA no matter the method we use. But do not mix the rules of other systems into TMS..." Have a Wonderful Weekend. Be Blessed. {image}Ignored