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Trading Made Simple

  • #74,061
  • Edited 3:16pm Dec 22, 2016 10:28am | Edited 3:16pm
Quoting xpertize
Hello Cvgreen, {quote}, Recenty took the first trade from this system. Four Hour GBP/USD The primary indicator TDI (13,34,2,7) crossed downside, Heikin Ashi was red and there was confirmation from 8,3,3, stochastics. I Set the stop loss above the previous two candle high 1.23799. Will exit if TDI turn flat, hooks or makes a check Thanks and Regards, Xpertize {image}
Complements on a nice clean chart.
You mention just a few points of BigE's basic forex.
Did you check for:
consolidation
sup / res
candle size
wick length
direction of the trend.
color of higher TM same as current TF
at what level did TDI cross
how many bar's since cross
  • #74,062
  • Edited 3:14pm Dec 22, 2016 10:36am | Edited 3:14pm
Quoting JanCeulemans
{quote} I myself am using TMS just recently and I have read and studied it all the time.
Jan your analizing of the charts are spot on. Nice and to the point based on TMS rules. No alphabet soup abbreviations or complicated formulas - just like BigE. The forum need posted's like you have posted.
  • #74,063
  • Dec 22, 2016 10:38am Dec 22, 2016 10:38am
Hello
Quote
Tekkies , Complements...occured

Out of your seven mentioned points, I can tell only the last one. It was just one bar since TDI crossed.
Since I am new to this thread, I am not aware of the remaining six points. If someone could mention them, I can make a pdf of the main BIG E's rules so that next time a newbie comes he can have a quick glance.

Thanks,
Xpertize
  • #74,064
  • Dec 22, 2016 10:47am Dec 22, 2016 10:47am
Quoting xpertize
Hello Cvgreen, {quote}, Recenty took the first trade from this system. Four Hour GBP/USD The primary indicator TDI (13,34,2,7) crossed downside, Heikin Ashi was red and there was confirmation from 8,3,3, stochastics. I Set the stop loss above the previous two candle high 1.23799. Will exit if TDI turn flat, hooks or makes a check Thanks and Regards, Xpertize {image}
Going back to your original question about which defaults/inputs you should use...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB



I have cleaned up the chart I use to more closely reflect what you have and they are very close (there is one more H4 bar on my chart as it is later than yours).
The difference is I use the Synergy_Pro_APB instead of HA; TMS RSI instead of TDI Red Green and X-Stochastic Slope instead of Stochastic.
The main difference in the settings that I have is the RSI ... you are set to 13 but my setup is set to 10 (there some others but the differences are small). You will see slightly more volatility in my TDI because of this and the angle of the green line will be slightly different too.

However, for now, don't worry about any of this ... what you have is fine and your GBPUSD entry is near perfect. Stick to what you have and keep following the rules ... it appears based on your last chart that you have a good grasp of TMS. Take into account what Tekkies has said and carry on.

If you want to make changes I will gladly send you my setup but like I say, looks like you are doing just fine.

Happy trading.
All for one and one for all
  • #74,065
  • Dec 22, 2016 10:50am Dec 22, 2016 10:50am
Quoting dharmikpatel
tnx a lot guys, janC and omonisha for analysis.i closed the trades before the news and gained around 60 pips from both trades.if i did not close the trade i could win total 160pips.i think i should keep running the trade during news for D1 candle with keeping stoploss +5pips. is it good strategy to keep running trade with +5pip stoploss during news or kill the the trade before 30 minute news?please guide me janC. {image} {image}
Your system is great. Can you share it? Thank you
  • #74,066
  • Dec 22, 2016 10:52am Dec 22, 2016 10:52am
Quoting xpertize
Hello {quote} Out of your seven mentioned points, I can tell only the last one. It was just one bar since TDI crossed. Since I am new to this thread, I am not aware of the remaining six points. If someone could mention them, I can make a pdf of the main BIG E's rules so that next time a newbie comes he can have a quick glance. Thanks, Xpertize
Homework already done. Find BigE full.pdf. paperclip top right or search. Everything you need is inside
  • #74,067
  • Dec 22, 2016 11:04am Dec 22, 2016 11:04am
Thanks
Quote
cvgreen46
and
Quote
Tekkies

So glad I found this thread. I will go through the whole 113 pages of Big E full pdf. Sorry to learn about Big E. Hats off to Big E and you guys again.

Regards,
Xpertize
  • #74,068
  • Edited Dec 23, 2016 12:40am Dec 22, 2016 11:13am | Edited Dec 23, 2016 12:40am
Quoting xpertize
Thanks {quote} and {quote} So glad I found this thread. I will go through the whole 113 pages of Big E full pdf. Sorry to learn about Big E. Hats off to Big E and you guys again. Regards, Xpertize
Been fooling around with mql4 coding. Place in indicator folder. Will force you to learn some forex basic rules. Is only a training indicator to learn with nothing more nothing less.
Enjoy
Attached File(s)
File Type: ex4 TMS Check List v1c.ex4   75 KB | 374 downloads

Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4 TDI Cross.png Size: 83 KB
  • #74,069
  • Dec 22, 2016 11:41am Dec 22, 2016 11:41am
Quoting JanCeulemans
{quote} I myself am using TMS just recently and I have read and studied it all the time. So, my comments should be verified by more experienced members. However, for as far as I can see I will comment. As for the first chart According to the original TMS rules you should enter a trade as soon as green crosses red. In this case you entered a trade when the green line bounced suggesting a continuation which is ok. However, TMS states that these kind of setups are less strong but could work anyway. My observation would be that you are buying on a high...
HI

can you advise how you know where the trades were entered and exited? you mentioned that the first chart was entered on the 6th candle? Where are you reading this form? I am pretty new and am picking up tips on BiG Es strategy.
Appreciate any help.
  • #74,070
  • Dec 22, 2016 12:15pm Dec 22, 2016 12:15pm
Quoting Tekkies
{quote} Been fooling around with mql4 coding. Place in indicator folder. The will force you to learn the forex basic rules. This is only a training indicator to learn with nothing more nothing less. Enjoy {file} {image}
Hi Tekkies, what's the reason for buy? It doesn't look a buy on your chart..never mind ,I see it now.You have both a buy and a sell. I think big E did not recommend hedging
the cautious seldom err....C
  • #74,071
  • Dec 22, 2016 12:23pm Dec 22, 2016 12:23pm
Quoting pips29
{quote} Hi Tekkies, what's the reason for buy? It doesn't look a buy on your chart..never mind ,I see it now.You have both a buy and a sell
Working / coding an expert adviser. Testing on a micro real account with 0.01 lots. Trying to code it to place a hedge when losing trade reach 0.02% of account.
  • #74,072
  • Dec 22, 2016 12:32pm Dec 22, 2016 12:32pm
Hedging is very difficult for the very fact that your exit at either end got to be pip perfect. I highly recommend not using hedging as a technique to make pips especially for those who are less experienced
the cautious seldom err....C
  • #74,073
  • Dec 22, 2016 2:13pm Dec 22, 2016 2:13pm
Quoting dharmikpatel
tnx a lot guys, janC and omonisha for analysis.i closed the trades before the news and gained around 60 pips from both trades.if i did not close the trade i could win total 160pips.i think i should keep running the trade during news for D1 candle with keeping stoploss +5pips. is it good strategy to keep running trade with +5pip stoploss during news or kill the the trade before 30 minute news?please guide me janC. {image} {image}
It is difficult to advice on keeping a trade open during news. I do understand your idea and if you already have an open position which is in profit you could try such option like adding a 5 pips stoploss while running during news.

However!

There is a huge danger in this during high impact news where markets could go crazy. If at the time of the news release markets move in a very volatile and fast way it could happen that your trailing stop is not executed just because prices move too fast. You may think you are protected by this SL but it is not always the case.

I have seen that happen one time when I had about the same idea. It was Non Farm Payroll and I had set everything right. News came... trade was triggered, went up at lightning speed, had a very tight stoploss. The market turned at the same lightning speed, dropped down right through my stoploss. The market went so fast that my SL (which basicly is also an order) could NOT be executed taking my whole account down being stopped out.

Fortunately I had taken print screens while it was happening. I though it was my brokers fault and I mailed them with all details and fortunately they were willing to reset my account, otherwise I would have blown up my account.

For this reason I myself will not trade during news unless I really really have no choice. So my personal advise would be to close your winning trades before high impact news. But again.... this differs from person to person.
First comes knowledge about yourself, then comes a system...
  • #74,074
  • Dec 22, 2016 2:17pm Dec 22, 2016 2:17pm
Quoting Tekkies
{quote} Jan your analizing of the charts are spot on. Nice and to the point based on TMS rules. No alphabet soup abbreviation,s or complicated formulas - just like BigE. The forum need posted's like you have posted.
Thank you Tekkies I take that as a big compliment and it encouraged me to go on participating since I really want to be of value to my fellow traders
First comes knowledge about yourself, then comes a system...
  • #74,075
  • Dec 22, 2016 2:18pm Dec 22, 2016 2:18pm
Quoting Tekkies
{quote} Been fooling around with mql4 coding. Place in indicator folder. Will force you to learn the forex basic rules. Is only a training indicator to learn with nothing more nothing less. Enjoy {file} {image}
What a wonderful indicator you have made My compliments!
First comes knowledge about yourself, then comes a system...
  • #74,076
  • Dec 22, 2016 2:24pm Dec 22, 2016 2:24pm
Quoting yoghan9
{quote} HI can you advise how you know where the trades were entered and exited? you mentioned that the first chart was entered on the 6th candle? Where are you reading this form? I am pretty new and am picking up tips on BiG Es strategy. Appreciate any help.
Actualy it was on the second chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 238 KB


What I did was looking at where the green line crossed the red one and simply counting the bars.
I assumed (and still I assume) this was a sell order. The green opening line for this order was at the last candle so I guessed that was the candle where you took this trade. Therefore, counting back I counted six candles (could have missed one or counted one too many though)

Does this make sense?
First comes knowledge about yourself, then comes a system...
  • #74,077
  • Dec 22, 2016 3:09pm Dec 22, 2016 3:09pm
Quoting JanCeulemans
{quote} It is difficult to advice on keeping a trade open during news.
Again spot on.
BigE full. pdf: post #11, #119 #779 #1531 #4088 #4298
a reconfirmation of forex basic (must read) post #4746
(the pdf have include post's from Craig Harris Stochastics Method as well)
  • #74,078
  • Dec 22, 2016 5:33pm Dec 22, 2016 5:33pm
Quoting Tekkies
{quote} Homework already done. Find BigE full.pdf. paperclip top right or search. Everything you need is inside
This is just what every newcomer needs, thanks for sharing! I think the file should be pinned on top of everything else..
Focused Thought & Strong Desire Manifest Reality
  • #74,079
  • Dec 22, 2016 6:37pm Dec 22, 2016 6:37pm
Hi TMS Folks,

I just got home after my holidays travelling and will try catch up reading your posts and PMs in the coming days.

It is the holiday season and market liquidity will be low as. Moreover, today is Friday and Tokyo bank holidays therefore the Asian session tends to be quiet. Best not to trade the 4H Swing and also no Position Trading on D1 charts. Can still trade H1 and M15 with smaller trade expectations, close trades before the market session changeover and definitely before this long weekend.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,080
  • Dec 22, 2016 7:00pm Dec 22, 2016 7:00pm
Quoting Tekkies
{quote} Been fooling around with mql4 coding. Place in indicator folder. Will force you to learn some forex basic rules. Is only a training indicator to learn with nothing more nothing less. Enjoy {file} {image}

Nice coding work, Tekkies.

However, price action trading is discretionary and many of the trade decisions cannot be programmed into an indicator.

Looking at your chart and those trades, the market is sideways, more clearly seen on H4 and also D1 at the start of the day. Both h4 and D1 shows 'big candles' which sett the range and also support.
Selling into recent support seen to the left is risky when market liquidity is low usually after London session closed.
Too early to buy on H1 as we do not see any TMS buy setups.

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