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Trading Made Simple

  • #20,941
  • Jun 21, 2013 10:09am Jun 21, 2013 10:09am
GU 21 Jun NYO trade example :
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,942
  • Jun 21, 2013 10:27am Jun 21, 2013 10:27am
London closing in 30mins ... be warned.

It is weekend ahead, and NY will close early..

GU traders it should be good time to scale out and take some profits and BE your trades, or close all and walk away... 80pips is good for today since it is Friday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,943
  • Jun 21, 2013 10:38am Jun 21, 2013 10:38am
Three trades today....all on EJ H1. 1st trade entered at LO based on a continuation of the Asian session trend.....candle pulled back....exited with +14. Trade 2....entered on the pullback of the LO candle with TDI green crossing yellow and pointing down but not yet crossed over red....on the M15, green bounced off the red and was about to cross the yellow. Trade 3 taken at NYO following a retracement and then continuation of the downtrend....on the H1, green was already below red and yellow but on M15 green crossed over red and was below the 50 line and the yellow line. I moved my TP from 50 to 100 and SL to BE. TP was hit.
As I have stated many times before, I was confident in these short trades because I know that quite often, the LO or second candle will set the high or low of the session and then move in one direction to the normal ADR. In this case, I saw the pullback candle on LO and went for the short trades, based on that knowledge........green pips to all......
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  • #20,944
  • Jun 21, 2013 10:58am Jun 21, 2013 10:58am
Quoting emmanuel7788
GU 21 Jun NYO trade example : {image}
Техт in the picture: based on TMS 4H entry, you enter on this candle close.

Just to be clear... We enter because at the close of the second red candle green line has crossed the red and that's a fact, right? So before enter any trade there has to be confirmed green/red cross on the last closed candle? And Stoch confirmation of course...

P.S. by confirmed cross I mean that after the close it can't turn to bounce...
  • #20,945
  • Jun 21, 2013 11:19am Jun 21, 2013 11:19am
Quoting Murzilka
{quote} Техт in the picture: based on TMS 4H entry, you enter on this candle close. Just to be clear... We enter because at the close of the second red candle green line has crossed the red and that's a fact, right? So before enter any trade there has to be confirmed green/red cross on the last closed candle? And Stoch confirmation of course... P.S. by confirmed cross I mean that after the close it can't turn to bounce...
The best thing to do is to read the Best of Big E pdf and have a deep understading of the Entry and Exit using TDI cross and APB candles #1 and #2.

Then do manual back testing on your charts to see the conditions closely.

Sometimes the TDI cross is not so clear visually. But when you read the price bar above, that is good indication when there is momentum.

Or you can check the data window for real accuracy.. .. but don't go there ....
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,946
  • Edited 2:08pm Jun 21, 2013 11:48am | Edited 2:08pm
Quoting emmanuel7788
{quote} The best thing to do is to read the Best of Big E pdf... Then do manual back testing on your charts to see the conditions closely. {image}
I know now that we enter a trade when green crosses red on the TDI at the beginning of that candle...

But I can not imagine how to back test this properly. Let's say there are some good red candles, and the price is approaching the level of support. New blue candle opens and we see green line crossing red on TDI (while at the close of last red candle there was no cross). So I take that trade, but something is going on, and the price drops down and continues to fall further. And on the opening of the next candle we will see a bounce on TDI, right? How to deal with such a situation?

Several times re-read your message... and suddenly dawned on me - do you mean that when we see green crosses red at the begining of new HA candle in real life this new opening HA candle itself should be strong enough right from its begining and that would be the sign of momentum?
  • #20,947
  • Jun 21, 2013 12:09pm Jun 21, 2013 12:09pm
Did I get them all?
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  • #20,948
  • Jun 21, 2013 1:13pm Jun 21, 2013 1:13pm
Ranging markets or economic news are always tricky, although news is less tricky on higher tf's. So you have to watch out for news, ranging markets, S/R levels, other tf's, etc etc. You can't put that in an EA so backtesting is only possible manually. But even manually backtesting is different because you take decisions different in a backtest. So that's why you'll have to demo trade this for a while until you get the hang of it and know what to look for.

Btw: I will never trade on the beginning of the candle when the previous candle didn't have a crossing yet. I wait until there is a real and lasting crossing. When a new candle is made the green line is still being repainted, so you can't tell there's a crossing yet. Wait one more candle to be sure.

At least that's what I do, but naturally it's your call.
  • #20,949
  • Jun 21, 2013 1:40pm Jun 21, 2013 1:40pm
Dabbeljoe, hi.

I want to ask you through the picture...
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  • #20,950
  • Jun 21, 2013 2:19pm Jun 21, 2013 2:19pm
Quoting Phx62
Three trades today....all on EJ H1. 1st trade entered at LO based on a continuation of the Asian session trend.....candle pulled back....exited with +14. Trade 2....entered on the pullback of the LO candle with TDI green crossing yellow and pointing down but not yet crossed over red....on the M15, green bounced off the red and was about to cross the yellow. Trade 3 taken at NYO following a retracement and then continuation of the downtrend....on the H1, green was already below red and yellow but on M15 green crossed over red and was below the 50...
Again thanks!
Have a nice weekend :-)
  • #20,951
  • Jun 21, 2013 6:08pm Jun 21, 2013 6:08pm
Quoting emmanuel7788
London closing in 30mins ... be warned. It is weekend ahead, and NY will close early.. GU traders it should be good time to scale out and take some profits and BE your trades, or close all and walk away... 80pips is good for today since it is Friday.
The DANGER of London close .... one of the 10 things .... TIMING ... of the market session open and close .

TIMING is important not only for trade entry but also for trade exits.

Don't say I did not warn you.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,952
  • Jun 21, 2013 6:35pm Jun 21, 2013 6:35pm
Quoting Murzilka
{quote} I know now that we enter a trade when green crosses red on the TDI at the beginning of that candle... But I can not imagine how to back test this properly. Let's say there are some good red candles, and the price is approaching the level of support. New blue candle opens and we see green line crossing red on TDI (while at the close of last red candle there was no cross). So I take that trade, but something is going on, and the price drops down and continues to fall further. And on the opening of the next candle we will see a bounce on TDI,...

very interesting scenario you put up.

the APB is not real price but a mathematical replica of the real price OHLC. Every APB red candle close will open with another red APB candle until that candle closes then that may be blue. If there is a situation if red APB closed and the next APB open blue, never occurs but marginally can happen if the previous APBs are very small body . In such situation with small body APBs... we exit trades if we are in open trades or if we are looking for entry opportunties, it can be CONTINUATION entry into the established trend or we wait to see when the consolidation end in a reversal.

Back-testing ... two possible way to do back-test.

1) is manually by scrolling back to history and then step forward bar by bar using F12 function key.

2) use a simulator which will reply using history data both in tick mode or bar mode. This will be the better way to see the TDI and APB realtime behaviour.

TDI green cross red is caused by the real price strength index (RSI) if we see a strong thrust price bar, the TDI cross is quite certain. But if the market reacts with a strong thrust bar in the opposite direction, the TDI green will hook backwards. This type of TDI behaviour can be seen when there is DBLHC and DBHLC price action.

The APB in my opinion has its weakness and we must read very well several previous APBs consecutively to see the PA to make that critical decision whether the TDI cross is good or doubtful.

Sorry this is rather wordy but if I can make some video with running tick data that will surely help to explan.

regards,

Have a good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,953
  • Jun 21, 2013 9:24pm Jun 21, 2013 9:24pm
Quoting jodwayne
Did I get them all? {image}
Thanks for posting your first chart.
That look good amd you actually got the 3 main indcators used for TMS correctly in that template.
Smart use of expensive screen real estate putting Stoch in same window as TDI...

Here is my suggestion to improve the chart data look.
To see the real price open high low and close in green and red colours to differentiate the bullish and bearish price bars.
See pic below:
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,954
  • Jun 22, 2013 4:35am Jun 22, 2013 4:35am
Quoting emmanuel7788
{quote} very interesting scenario you put up. the APB is not real price but a mathematical replica of the real price OHLC. Every APB red candle close will open with another red APB candle until that candle closes then that may be blue. If there is a situation if red APB closed and the next APB open blue, never occurs but marginally can happen if the previous APBs are very small body . In such situation with small body APBs... we exit trades if we are in open trades or if we are looking for entry opportunties, it can be CONTINUATION entry into the...
Hi Emmanuel7788,
I just know that Mr Big-E (eelfranz) has passed away. & Very sad to hear that..
Really appreciate what he has done to an amateur traders like me, really love his TMS System...

And also to thank you too, so much, because you continue his legacy by keeping this thread move on.. Thanks Emmanuel7788...
  • #20,955
  • Jun 22, 2013 4:36am Jun 22, 2013 4:36am
Quoting emmanuel7788
{quote} Sorry this is rather wordy but if I can make some video with running tick data that will surely help to explan.
Thanks for your answer.

Regarding video... I don't even dare to ask for it, but if there would be VOD from you it would be really awesome.
  • #20,956
  • Jun 22, 2013 8:17am Jun 22, 2013 8:17am
I just want to thank Emmanuel & Phx62. You guys are a few good men changing people's lives.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #20,957
  • Jun 23, 2013 3:29am Jun 23, 2013 3:29am
Mark Douglas - Mind over Market .. Part 1

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,958
  • Jun 23, 2013 3:32am Jun 23, 2013 3:32am
Mark Douglas - Mind over Market ...Part 2

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,959
  • Jun 23, 2013 3:34am Jun 23, 2013 3:34am
Mark Douglas - Mind over Market ...Part 3

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,960
  • Jun 23, 2013 3:37am Jun 23, 2013 3:37am
Mark Douglas - Mind over Market ...Part 4

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