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(binned per thread starter’s request) Trading Made Simple - Tribu

  • #1
  • First Post: Edited Nov 1, 2017 11:42pm Oct 28, 2017 12:01am | Edited Nov 1, 2017 11:42pm

You can find a short explanation of the TMS system and the indicators in the following posts. :-)


DISCLAIMER
THIS THREAD IS ONLY FOR ME TO KEEP MYSELF ACCOUNTABLE. IT IS NEVER MY INTENTION TO MISLEAD OR TO PROVIDE SIGNAL.
IF YOU ARE FOLLOWING MY TRADE, FOLLOW AT YOUR OWN RISK

Hi guys,

Happy weekend to you all!

I am creating this thread to keep myself on track in using TRADING MADE SIMPLE by Big E (Eelfranz).

For those who don't know him, he was a great man, and a great trader.

Before he passed away few years ago, he created a thread showing people how trading can be profitable and most importantly, HOW SIMPLE IT IS TO BE PROFITABLE.

For those that don't know who is eelfranz - check out this thread - https://www.forexfactory.com/showthread.php?t=291622 (https://www.forexfactory.com/showthread.php?t=291622)

His goal was to make it simple and profitable. After he passed away, many other members popped into his thread and somehow "alter" his system which I don't like. His philosophy was to make it as simple as possible - K.I.S.S.

So I will be posting my trades here and of course the charts of the pair i trade. hehe.
Any questions or criticism on my chart, feel free to post them here as I like to get in touch with like-minded individuals.

Let's all keep trading SIMPLE AND PROFITABLE!
I'll start posting on Monday (if I take any trade that day hehehehh)

PIPastic weekend to y'all brothers and sisters!

Regards,
Kenny
Trade Different
Multi 3000 All Time Pips: 23,606
  • #2
  • Edited 9:58am Oct 28, 2017 8:18am | Edited 9:58am
My trading style and time: (all in GMT+8, as I am from Malaysia)

I start looking for trades on G/U, A/U, E/U, U/J, E/J, U/CHF, U/CAD,/ G/J and GOLD at about 12:50PM everyday.
Will make an entry ONLY in H4. And will exit all trades at exactly 8.50PM (even if it's just a bit of profit OR loss).
The reason of me quitting all my trades at 8.50PM is so that I can prepare myself for US opening.

I start looking for trades in M30/H1 during US opening.
I will keep trading until it is 12AM as y'all know, usually most of the movement occurs in the first 3 hours of US opening.

Regards,
Kenny

*****EDIT: I will continue holding my H4 trade IF ONLY the TDI is facing the direction in my favor. Read the post below for more info about TDI. :-)
Trade Different
Multi 3000 All Time Pips: 23,606
  • #3
  • Edited Oct 29, 2017 12:58am Oct 28, 2017 8:42am | Edited Oct 29, 2017 12:58am
Trade setup:

Heiken Ashi candles
EMA 5, Shift 2, Typical Price (HLC/3)
Stochastic 8,3,3
TDI 13,0,34,2,0,7,0 respectively

Entry:
1. Look at TDI:
LONG - Green have to cross red, direction has to be 12 - 2 o'clock. Green line has to be near 32 level.
SHORT - Green have to cross red, direction has to be 4-6 o'clock. Green line has to be near 68 level.

2. Look at Stochastic:
Never make an entry when it is RED color.
I use this mainly to look at the colors (RED / BLUE)
I don't use it for direction purpose. I depends solely on the TDI

3. Look at the HA candles:
LONG - Make sure the white candle closes above the EMA 5 (settings can be found above). Also, the candle that closes above the EMA, MUST NOT be a small candle.
SHORT - Make sure the red candle closes below the EMA5. The candle that closes below the EMA, MUST NOT be a small candle.

IMPORTANT
In H4, sometimes when TDI triggered an entry, it is near 32/68 - in my experience, it is still good for about 100 pips (this is E/U and G/U, different pip range for different pairs, do your backtest). However, I won't be taking any SHORT trade when TDI is near 32... Even though it still have room for about 100 pips. Again, do your backtest to see if you should take the trade...

Exit:
I will exit the trade whenever the TDI turns FLAT - meaning, the green TDI line is turning to 3 o'clock direction...


***NOTE:

I will not enter when the HA candles are small (it usually means that the market is ranging)

I will not SHORT when green is near TDI level 32.

I will not LONG when green is near TDI level 68.



Example of H4 entries in EURUSD:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 87 KB


There were 7 entries. 6 wins, 1 loss.

Feel free to study the chart and ask if you have questions...!

Regards,
Kenny
Trade Different
Multi 3000 All Time Pips: 23,606
  • #4
  • Oct 28, 2017 8:58am Oct 28, 2017 8:58am
Hi there, it is my pleasure to be here today. I am a beginner and always wanted to know more about forex! Let's Go Green! =P
  • #5
  • Oct 28, 2017 9:11am Oct 28, 2017 9:11am
You can find the TDI and Stochastic slope I use below this post hehe. :-)
Attached File(s)
File Type: ex4 Stochastic Slope.ex4   4 KB | 287 downloads
File Type: ex4 TDI Red Green.ex4   15 KB | 248 downloads
Trade Different
Multi 3000 All Time Pips: 23,606
  • #6
  • Oct 28, 2017 9:12am Oct 28, 2017 9:12am
Quoting Brady3883
Hi there, it is my pleasure to be here today. I am a beginner and always wanted to know more about forex! Let's Go Green! =P
Hi Brady,

Thanks for your support.
Have a great weekend brother.

Let's have a PIPPastic weekday this coming week hahaha :-)

Regards,
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #7
  • Oct 28, 2017 9:19am Oct 28, 2017 9:19am
Looking to SHORT USDCAD at 1PM (GMT+8) this coming Monday... I would have SHORT it the next candle, but due to weekend, I won't be trading the FIRST H4 candle... I will stick to my plan :-) Only trade H4 at 1PM-9PM. Checkout my USDCAD H4 chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 62 KB


TDI Green line pointing at about 5 o'clock (definitely within the range of 4-6 o'clock)
Stochastic is in BLUE color.
Big red candle.

Regards,
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #8
  • Oct 28, 2017 9:42am Oct 28, 2017 9:42am
Quoting TidalSurf
Trade setup: Heiken Ashi candles EMA 5, Shift 2, Typical Price (HLC/3) Stochastic 8,3,3 TDI 13,0,34,2,0,7,0 respectively Entry: 1. Look at TDI: LONG - Green have to cross red, direction has to be 12 - 2 o'clock. Green line has to be near 68 level. SHORT - Green have to cross red, direction has to be 4-6 o'clock. Green line has to be near 32 level. 2. Look at Stochastic: Never make an entry when it is RED color. I use this mainly to look at the colors (RED / BLUE) I don't use it for direction purpose. I depends solely on the TDI 3. Look at the HA...

And trades was in your timelimit so you could take them and also follow your rule exit all trades 08.50 ? This rule seems you make it ok for a trade to go to stop lose but you limit it from profit because you exit at a specifik time ?

Thank You.

Best regards
  • #9
  • Oct 28, 2017 9:50am Oct 28, 2017 9:50am
Quoting jgadefelth
{quote} And trades was in your timelimit so you could take them and also follow your rule exit all trades 08.50 ? This rule seems you make it ok for a trade to go to stop lose but you limit it from profit because you exit at a specifik time ? Thank You. Best regards
Hi Jgadefelth,

Thanks for asking!

I forgot to write how I set my SL! I usually put my SL at the high/low of previous wave.

Also, if by any chance, I am profiting and my TDI is still facing the direction i want it to face, then I will hold it. If I am making a loss, I will cut loss and find entries in H1/M30 during US opening.

Hope that answers your question brother. :-)

Regards,
kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #10
  • Oct 28, 2017 9:51am Oct 28, 2017 9:51am
Some of the trades I am holding since Friday. Looking to exit them IF TDI is flat on Monday - It will usually be flat anyway LOL. :-)

regards,
kenny

Attached Image (click to enlarge)
Click to Enlarge Name: Results.png Size: 27 KB
Trade Different
Multi 3000 All Time Pips: 23,606
  • #11
  • Oct 28, 2017 10:01am Oct 28, 2017 10:01am
Thank You. This will be fun and intresting to follow. Hope it will be profitable. Have you had a look at your take profit i know you exit if it lose momentum, but how is the ratio typical to your stop Is it like your stops are like 30 pips and your profit target also or are your profit targets typicaly better or worse then your stop?

Best regards
  • #12
  • Oct 28, 2017 10:10am Oct 28, 2017 10:10am
Quoting jgadefelth
Thank You. This will be fun and intresting to follow. Hope it will be profitable. Have you had a look at your take profit i know you exit if it lose momentum, but how is the ratio typical to your stop Is it like your stops are like 30 pips and your profit target also or are your profit targets typicaly better or worse then your stop? Best regards
If I was holding H4 trade, I would set the SL at the previous high/low. The TP will normally be 2 times that. If it happens to lose momentum in the TDI, I will close it at 9PM (when the new H4 candle comes up in GMT+8)

When I trade M30/H1 during US opening, I usually don't put SL/TP. I will monitor the TDI. Afterall, its only 3 hours (9pm-12AM) hehe so I won't slack or do something else that time. :-)

Regards,
Kenny
Trade Different
Multi 3000 All Time Pips: 23,606
  • #13
  • Oct 28, 2017 10:12am Oct 28, 2017 10:12am
@Jgadefelth:
Thanks for asking man! I really appreciate your questions! :-)

Next week will be another GREEN week

Regards
Kenny
Trade Different
Multi 3000 All Time Pips: 23,606
  • #14
  • Oct 28, 2017 10:25am Oct 28, 2017 10:25am
Quoting TidalSurf
@Jgadefelth: Thanks for asking man! I really appreciate your questions! :-) Next week will be another GREEN week Regards Kenny

Yes

Best regards
  • #15
  • Oct 28, 2017 11:48pm Oct 28, 2017 11:48pm
Monday is coming soon!

Can't wait for another green week... Remember to practice and follow the rules. I am backtesting this strategy today for GBP/JPY and EUR/GBP.
Sunday is a good day to backtest. Don't forget to make yourself a nice cup of coffee while backtesting ...don't mind me, I am a coffee lover... :-P

Regards,
Kenny Wong

**Backtest and you will see how profitable the system is!**

Trade Different
Multi 3000 All Time Pips: 23,606
  • #16
  • Oct 28, 2017 11:58pm Oct 28, 2017 11:58pm
Quoting TidalSurf
{quote} If I was holding H4 trade, I would set the SL at the previous high/low. The TP will normally be 2 times that. If it happens to lose momentum in the TDI, I will close it at 9PM (when the new H4 candle comes up in GMT+8) When I trade M30/H1 during US opening, I usually don't put SL/TP. I will monitor the TDI. Afterall, its only 3 hours (9pm-12AM) hehe so I won't slack or do something else that time. :-) Regards, Kenny

Very good explanation here buddy! Gonna do backtest first before using REAL MONEY! Anyways, thanks for the effort... Let's do this... Wohooooo!
  • #17
  • Oct 29, 2017 12:08am Oct 29, 2017 12:08am
Hi Guys, may i know how do you guys do backtesting?
Thanks.
  • #18
  • Oct 29, 2017 12:13am Oct 29, 2017 12:13am
I received some questions via PM which I must answer it here as I don't want to cause any confusion haha.

The question was: "How do you set SL when you are holding H4 trades, do you have any examples?"

I have attached a chart below which I believe is simple enough to understand.

EURUSD H4 - Some examples of SL placement
(I am not at home now, I am using my Mac so the chart is from tradingview, not MT4)

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-10-29 at 1.09.14 PM.png Size: 53 KB


There were 3 trades here...
1st trade - LONG entry, SL below the highlighted red candle.
2nd trade - SHORT entry, SL above the highlighted green candle.
3rd trade - LONG entry, SL below the highlighted red candle

I will always add another 15-20 pips to the high/low of previous swing or previous high/lows.

Questions? Don't PM me. Ask here, I think it will benefits myself and other readers that are reading this :-)

I thank you all for being in this together with me!

Regards,
Kenny Wong
Trade Different
Multi 3000 All Time Pips: 23,606
  • #19
  • Oct 29, 2017 12:14am Oct 29, 2017 12:14am
Quoting Brady3883
{quote} Very good explanation here buddy! Gonna do backtest first before using REAL MONEY! Anyways, thanks for the effort... Let's do this... Wohooooo!
Thank you Brady. Enjoy your stay here!!!
Trade Different
Multi 3000 All Time Pips: 23,606
  • #20
  • Oct 29, 2017 12:15am Oct 29, 2017 12:15am
Quoting judysfriend
Hi Guys, may i know how do you guys do backtesting? Thanks.
I did my backtest by pulling 1-2 years worth of data. Study the angle, study the HA candle size. Trust me, after you start backtesting this, you will soon realize what is a "good" HA candle to make an entry. :-)

Big E's idea was always to keep trading simple and profitable.

I hope the way I explain is simple enough to understand! hehe.

Anyway, thanks for staying here @Judysfriend. I appreciate your question

Regards,
Kenny
Trade Different
Multi 3000 All Time Pips: 23,606
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