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Trading Made Simple

  • #99,101
  • Nov 19, 2019 1:52am Nov 19, 2019 1:52am
DE30 Nov 19 FO session

Nice H4 setup with double bottom @13136.7 and...
M15 and H1 PA seems to be in agreement.

question is will this run?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,102
  • Nov 19, 2019 6:08pm Nov 19, 2019 6:08pm
Quoting emmanuel7788
DE30 Nov 19 FO session Nice H4 setup with double bottom @13136.7 and... M15 and H1 PA seems to be in agreement. question is will this run? {image}
DE30 Nov 19 review:

Another one of those days.

Made a nice H4 breakout with that 'set-up' and ....

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fails to make a higher Close .... crashes after making a new Weekly high....

now we see short term 'sellers' chasing this Daily pin-bar today.

DE30 Nov 20 Tokyo Open

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,103
  • Nov 19, 2019 6:25pm Nov 19, 2019 6:25pm
Quoting emmanuel7788
{quote} AUDUSD Week 47 On my Weekly, I see PA in a rising channel. On Daily rising channel, there is room for further move lower to region 0.6750 and 0.6700 ... to cover the gray zone. Buying now with MEME is more risky now... better wait for a REVERSAL setup plus when the PA is above its 5EMA. {image}

AUDUSD Nov 20 Tokyo Open

Nice bullish D1 yesterday but not enough to break the Daily range and now we have a Master Candle @BRN 0.6800 ... an opportunity for breakout traders.

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TMS 5-Method charts below:

with 10EMA, 50EMA and 200 EMA

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a lot depends on USD the rest of this week so I watch closely the three amigos.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,104
  • Nov 19, 2019 7:43pm Nov 19, 2019 7:43pm
Hi all, I am using Trader Dynamic Index quite a while using MT4 and currently I intend to switch over to TradingView. Is anyone ever use this TDI indicator in TradingView? I am quite satisfied with the TDI setting provided in this forum and I just did little modification to fir my trading style. I am not sure whether able to use TDI in TradingView?

Could anyone advise?

Thanks
  • #99,105
  • Nov 19, 2019 8:10pm Nov 19, 2019 8:10pm
Quoting MxxTrader
Hi all, I am using Trader Dynamic Index quite a while using MT4 and currently I intend to switch over to TradingView. Is anyone ever use this TDI indicator in TradingView? I am quite satisfied with the TDI setting provided in this forum and I just did little modification to fir my trading style. I am not sure whether able to use TDI in TradingView? Could anyone advise? Thanks
Yes, do a search in the online indicators area and you will see a good one there. It works well
Trading thin liquidity at the boundary of the charts
  • #99,106
  • Nov 20, 2019 12:11am Nov 20, 2019 12:11am
BigE's advice in this thread is all you need to become successful.
Download BigE Full.pdf. Study / practice / Google search every post in that pdf until you understand what BigE was posting about.
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  • #99,107
  • Nov 20, 2019 12:34am Nov 20, 2019 12:34am
Here we go again ...

Introduction to Trading Made System

To learn what Trading Made Simple is, you have to follow the trading journey of the OP eelfranz aka Big E. He started as a newbie in 2008. Know the history and you will learn a lot from the OP and when you have mastered the 5-Method, you can then move on and develop your own trading system following how he did his. Many traders have moved on to trade their own systems.

Trading Made Simple for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110

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 traded 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

The original indicators and template Post#25
When you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHS thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new system.

Recommendations:
Read all of Big E posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.

Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.

Important to 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.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,108
  • Nov 20, 2019 12:42am Nov 20, 2019 12:42am
while reading all of Big E's posts in Forex Factory, I came to these two posts...

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and my conclusion after more than 7 years trading TMS 5-Method that the two posts #3044 and #3418 above have been proven to be correct.

I had spent too much time on the TDI.
I decided to spend more time on trading Price Action and Support/Resistance, and having a view to the bigger picture of the market.
I developed different strategies focus mostly on trading low risk ideas and with proven Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
Finally, I have found my WINNING EDGE and the TDI is not in my winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,109
  • Nov 20, 2019 1:03am Nov 20, 2019 1:03am
in this thread people lied all the time and about all you need to become successful

Big E had 9 years trading experience trading the stock markets and he spent 6,000 hours learning to trade the forex market.

What many do not see is the knowledge and experience of the man and reason why he was such a good rule-based discretionary trader. He did not blindly trade the TDI green cross red. He used his vast experience and pick only the best setups to trade and he traded the reversals with APB/HA candles 31 and #2 and he cut his losses very fast because he risked 15% to 30% of his $10,000 account deposit per trade.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,110
  • Nov 20, 2019 1:17am Nov 20, 2019 1:17am
Tekkies, you promised not to feed the troll.
-----
It is noticeable when Tekkies does not post there is no bashing the TDI or Trading Made Simple. Normal every day post's by normal trader's.
The moment there is a post by Tekkies the reaction of one member speaks volume (See above to three post's)
-----
Remarkable about that one member is that most of his post's in this thread has the TDI indicator on them.
After a Tekkies's post most of the time this is posted:
"Finally, I have found my WINNING EDGE and the TDI is not in my winning edge equation"

If that is true, why would same member contradict himself by posting a detail post how to use BigE's advice and TDI
It boggles the mind.
------
Remember Tekkies, you promised not to feed the troll.
  • #99,111
  • Nov 20, 2019 1:26am Nov 20, 2019 1:26am
For fun:
TDI is my winning edge equation
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  • #99,112
  • Nov 20, 2019 1:32am Nov 20, 2019 1:32am
Damit tekkies you promised.
  • #99,113
  • Nov 20, 2019 1:46am Nov 20, 2019 1:46am
Keep It Simple: Follow Price Action with the APB/HA candles and the 5EMA.

You can trade the 5-Method without the TDI.... Follow the OP's Post#3044 and Post#3418 below

EURGBP Week 47 open trades Nov 20.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,114
  • Nov 20, 2019 12:24pm Nov 20, 2019 12:24pm
This time I can't say it was M15H1.
Took the crossover on M15 and the market began to play hide and seek. Not nice at all. Took a snap shoot, posted a question with photo. When back to terminal to take a small loss and bang the market shoot down.
How is it possible to control the market like this?
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  • #99,115
  • Nov 20, 2019 1:43pm Nov 20, 2019 1:43pm
Possibly affected by FOMC committee minutes at 2:00 Eastern time......I usually stay flat regardless of market in anticipation of that release as you said, its uncontrollable and unpredictable......just a thought
  • #99,116
  • Nov 20, 2019 2:47pm Nov 20, 2019 2:47pm
My usd/chf short was also affected, but now seems technical will dominate
  • #99,117
  • Nov 20, 2019 3:42pm Nov 20, 2019 3:42pm
Quoting Numb3rs
This should be the set you guys need. Hope I got it right. {file} {file} {file} {file}
Thanks Brother
Happy trading
  • #99,118
  • Nov 20, 2019 6:14pm Nov 20, 2019 6:14pm
Quoting emmanuel7788
{quote} DE30 Nov 19 review: Another one of those days. Made a nice H4 breakout with that 'set-up' and .... {image} fails to make a higher Close .... crashes after making a new Weekly high.... now we see short term 'sellers' chasing this Daily pin-bar today. DE30 Nov 20 Tokyo Open {image}

DE30 Nov 21 Tokyo Open

It was a nice day for those selling and chasing that Tuesday' Pin Bar. Market tested the old weekly support 13071.9 which we see in our Big Picture.

We poor retail traders will never know where the volume of buyers and sellers are. TMS traders look for setups which more often than not the market will set up the retail traders. Some traders believe in following the smart money moves the market.

Will it test that 13071.9 again today? How many times will it test that level in LTF?

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Click to Enlarge Name: DE30 Nov 21 Tokyo Open 21-11-2019 08-05-52.png Size: 85 KB





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,119
  • Nov 20, 2019 6:31pm Nov 20, 2019 6:31pm
Quoting trendtraderr
My usd/chf short was also affected, but now seems technical will dominate

USDCHF Daily

I don't trade any CHF pairs but I follow swissie on daily basis and I will know when it is not mirroring my favourite EURUSD.

looking at it now, it is in compression and unlikely to get any good swings of 3 to 8 candles... wait for it to burst again.

the moving averages - 10EMA, 50EMA and 200EMA are congesting.

the Weekly is just choppy ... one week up next week down... and its range is not attractive.

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EURUSD look prettier to trade.

if you do your weekly top down analysis and know the Big Picture, you will see that Weekly candle.

you can see easier the Weekly support and resistance... buy at support and sell at resistance.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,120
  • Nov 20, 2019 6:45pm Nov 20, 2019 6:45pm
Quoting Tekkies
This time I can't say it was M15H1. Took the crossover on M15 and the market began to play hide and seek. Not nice at all. Took a snap shoot, posted a question with photo. When back to terminal to take a small loss and bang the market shoot down. How is it possible to control the market like this? {image} {image}
Tekkies asked: "How is it possible to control the market like this? "

Well, my simple answer is you are a small retail trader and you are in no position to control the market.

Learn and trade SMART when you are not clever like the market is.

Three timeframes are better than two.
When the price action and HA candles are below its 5EMA we follow Post#3044 and Post#3418

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Click to Enlarge Name: DE30 Nov 20 M15 H1 H4 PA below 5EMA 21-11-2019 02-38-21.png Size: 73 KB


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and one day you will arrive at Post#2617

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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