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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #86,361
  • Mar 23, 2018 4:27pm Mar 23, 2018 4:27pm
That statement makes it say that only stoc is an indicator but so is tdi. Both indicators mimic price they Don't confirm anything
  • #86,362
  • Mar 23, 2018 8:59pm Mar 23, 2018 8:59pm
Quoting eelfranz
Big Jim, #1 in importance is PA, #2 is the TDI for confirmation & Stochs is just an indicator I note. If TDI & Stochs are oppositre... I may pass on the trade...
If TDI & Stochs are oppositre... I may pass on the trade..

Old post and training chart by the OP.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 3146 TDI Stoch opposite directions.png Size: 177 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,363
  • Mar 23, 2018 9:06pm Mar 23, 2018 9:06pm
Quoting eelfranz
A/U - Also note TDI & Stochs hooking over... Last nights trade ... {image}

The OP Big E looks at the HA candles for PA.

The BUY setup S/U candle is the HA candle that close above the 5EMA Typical Price, Shift+3 and the TDI is the confirmation of the S/U candle.

Attached Image (click to enlarge)
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The opposite for SELL setup, the S/U HA candle must close below the 5EMA.
But there are exceptions where he would enter a trade without the S/U candle.
If you have master the 5-Method you would know the excpetions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,364
  • Mar 23, 2018 9:47pm Mar 23, 2018 9:47pm
Quoting RiskvsGain
This is the first time I write something on forex factory even if I'm involved in trading since more 10 year. I have great respect for emmanuel work just like the common efforts of everyone here. Really a great community! I'm a trader with mixed results, always traded conservatively and in the last periods I'm having a more deep understanding of markets reality. Unfortunately I did not have the chance to read everything since I had hard journey with personal diffiulties. I would be grateful if Emmanuel can recap briefly the way he does his top down...

Hi RiskvzGain,

There is light at the end of the tunnel.

Wow! 10 years trading is quite long time. What have you learned in the last 10 years? Time to take stock of what you already know and build upon on them.
Like I always said: If you spend 3 to 5 hours every day for 2 to 3 years, you can make it to become a trader. Question really is what do you do and learn in your 3 to 5 hours every day?
I love trains since I was a young boy and always amazed by the Swiss how they build their train systems. The latest achievement is the Gotthard Base Tunnel which took them more that 20 years to build and complete. The Swiss did no wake up one day and decide to start digging the tunnel. It took them years of study and planning, and until the GBT completion at end 2016, they are still studying and planning.
Inserted Video


Top down analysis to some people is a waste of time. Do you want to waste your time? Just look for the TDI cross and buy and sell. Sure way to lose all you money.

The main purpose in doing the top down analysis is to know the market conditions which determines the Market Type in which I want to trade. This is my Big Picture of the market.

What is Markrt Type and why is knowing the Market Type important when I swing trade.

Read this broker website for some information on Market Types.

https://www.axitrader.com/au/market-...x-market-types

Keep It Simple: Just learn and identify 3 market types and trade only 2 of the market types using TMS 5-Method.
Avoid trading the narrow range sideways market type. You will lose money when you trade in this market type.
Trade only (1) the trending market type and (2) wide range sideways market type.

... more in the coming weeks ahead, stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,365
  • Mar 24, 2018 1:06am Mar 24, 2018 1:06am

Here we go again.

Price vs Indicator


https://www.tradeciety.com/is-price-...an-indicators/

  • #86,366
  • Edited 2:13am Mar 24, 2018 2:03am | Edited 2:13am
"Just look for the TDI cross and buy and sell. Sure way to lose all you money."

That statement by emmanuel is the best one of all his post's.

The TDI cross on any time frame only indicate that a possible buy / sell can be made.

That is way BigE gave us post#647 with S/R. If you do not understand that post inside/out, TDI cross will take you to margin call very fast.

You need to apply post#647 before placing that order.

Have you made a study of all BigE's post?
example: Post 85,237
  • #86,367
  • Mar 24, 2018 4:57am Mar 24, 2018 4:57am
Quoting Tekkies
Here we go again. Price vs Indicator https://www.tradeciety.com/is-price-...an-indicators/
What a fool you are you post this and what I said is exactly what they said indicators mimic price
  • #86,368
  • Edited 6:13am Mar 24, 2018 6:01am | Edited 6:13am
Quoting Divergence
{quote} What a fool you are you post this and what I said is exactly what they said indicators mimic price
The heading of that web page Divergence is: "Busting 5 Price Action Trading Myths" Did I post any context that contradict your post's.?

Since you made it personal by calling me a fool. Here is something to think about.
(it takes a big fool to see a small fool)

Now Divergence how do you read price?. Let me see. Oh yes, you use Pattern 123. One of your chart you posted

Drawing lines on the chart, number the HH, LL with 1,2,3, or A,B,C. Trying to predict where the market might go. Well there is no difference between your metode, TDI or Price Action. For you use also what happened in the past.

Divergence this phase comes to mind: . Pot Calling the Kettle Black
There is many ways to trade Forex. Yours is not the only way or the only correct way either
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  • #86,369
  • Mar 24, 2018 6:16am Mar 24, 2018 6:16am
Everything on a chart is past obviously I use 123 coupled with supply and demand which took past in a very short time span that's 1 thing indicators can't do for you so if you want to use something that shows the exact other something go ahead the dpl in upper left corner of my chart says otherwise
  • #86,370
  • Mar 24, 2018 7:41am Mar 24, 2018 7:41am
Quoting Tekkies
{quote} The heading of that web page Divergence is: "Busting 5 Price Action Trading Myths" Did I post any context that contradict your post's.? Since you made it personal by calling me a fool. Here is something to think about. (it takes a big fool to see a small fool) Now Divergence how do you read price?. Let me see. Oh yes, you use Pattern 123. One of your chart you posted Drawing lines on the chart, number the HH, LL with 1,2,3, or A,B,C. Trying to predict where the...
Well that is what I thought Tekkies.

" Well there is no difference between your metode, TDI or Price Action ".

How wrong I was with that idea, I even argued with Divergence last year when he attacked the TDI indicator.
I decided to test his ideas out and try and prove him wrong. I first tested the market profile and then started to included a few of his setups to my trading strategy which were his 123's, HH & HL and 2b's etc.

I just proved I was wrong, price action leads in both time and profits.

Indicators lag and here's an example. On close of a Pinbar candle, within 1 minute I can make a trade decision. If I use the TDI, I need to wait four hours and 1 minute later before the TDI gives its signal. Guess what may have happen 3 hours later, it changes direction. So it seems to me if you are trading directly of signals given by a indicator, while you may still win a few trades, your'e trading with one arm tied behind your back.
Trading thin liquidity at the boundary of the charts
  • #86,371
  • Mar 24, 2018 7:57am Mar 24, 2018 7:57am
Quoting RickM
{quote} Well that is what I thought Tekkies. " Well there is no difference between your metode, TDI or Price Action ". How wrong I was with that idea, I even argued with Divergence last year when he attacked the TDI indicator. I decided to test his ideas out and try and prove him wrong. I first tested the market profile and then started to included a few of his setups to my trading strategy which were his 123's, HH & HL and 2b's etc. I just proved I was wrong, price action leads in both time and profits. Indicators lag and here's an example. On...
The thing is that whenever you take a crossover type trigger, the risk has increased. You will never know if a period of chop is about to come your way, in which case you will be entering right at the worst moment and can end up doing so repeatedly.

Elliott Wave is a fantastic method to explain market behaviour and will give a great clue as to what may lie ahead, but even that isn't really reliable enough in the end.

Entering where there is a retest of a recent strong move (order in the underlying market, which hasn't been filled yet) is the only real way to get in at the best possible place, if coupled with market structure (ie back into trend).

I will never be persuaded that there are actually 'many' ways to trade... there really isn't. The only really successful guys that i have come across in more than 18 years of trading have all learnt to trade S/D levels...

I've posted about the exponential benefits of entering on a pullback vs waiting for some kind of confirmation on here before.

Well, this is my opinion. I know that it will fall on deaf ears and people will continue to go around and around in circles chasing 'stress free' indicator entries until they eventually leave the game, without ever working it out.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #86,372
  • Mar 24, 2018 8:10am Mar 24, 2018 8:10am
Good post Rick and CG here's the thing we all started out with indicators we all wanted trading to be simple BUT unless you do the work of learning how to read a chart you will spin you wheels forever. I came to that realization about 8 year's ago I am just trying to save you time and money. By the way Rick not using MP anymore just pullback into s and d along with 123 2b break pullback for reversals
  • #86,373
  • Mar 24, 2018 8:16am Mar 24, 2018 8:16am
Quoting Divergence
Good post Rick and CG here's the thing we all started out with indicators we all wanted trading to be simple BUT unless you do the work of learning how to read a chart you will spin you wheels forever. I came to that realization about 8 year's ago I am just trying to save you time and money. By the way Rick not using MP just pullback into s and d along with 123 2b break pullback for reversals
Exactly. I didn't really point out that part - that is, that i am only speaking from experience. I wanted to find indicators or an indicator based method that would work for years... i'm talking 10/8/6 years ago though. I've dedicated many thousands of hours over the years trying this and that.

If any of it had worked, (and i mean consistently in all phases of the market), i would still be using it for sure!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #86,374
  • Mar 24, 2018 8:20am Mar 24, 2018 8:20am
I hear CG I wasted 8 year's trying to find the magic indicator other than inside information it just don't exist
  • #86,375
  • Mar 24, 2018 10:20am Mar 24, 2018 10:20am
Quoting RickM
{quote} Well that is what I thought Tekkies. " Well there is no difference between your metode, TDI or Price Action ". How wrong I was with that idea, I even argued with Divergence last year when he attacked the TDI indicator. I decided to test his ideas out and try and prove him wrong. I first tested the market profile and then started to included a few of his setups to my trading strategy which were his 123's, HH & HL and 2b's etc. I just proved I was wrong, price action leads in both time and profits. Indicators lag and here's an example. On...
Hi Rick, Gable, Div

Let settle this debut the right way. Come Monday on a live account (you got to put your money with your method) You do your chart magic and post immediately the chart and the order placed. I will do the same this side. To prevent trade copy I chose two chart's GBPUSD and EURUSD. Time frame does not matter.

Are you game?

Back to the topic on hand.
Rick the point of my previous post was to point out that most methods use historical data to what the market may do or not do.
(Wait 4 houers for an entry? Have you tried H1 time frame? (joke))

S/R level are based on past history data were price reacted to a invisible barrier. Many web-page maintain that S/R level is a self fulfilling prophecy. Pin bar's the same. As to way - maybe because many traders use those very same S/R levels to trade the market like you do.

Back to TMS.
TDI is a indicator. What does a indicator do. It indicates that there is a possible entry on that chart. What you do with that information is up to you as the trader.
There are two point's that member's miss that BigE mentioned:
post#115: I always look to the left for a possible res/sup level being near. If it's close I pass on the trade and go find another..
post#261: HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to sup/res levels... use your brain!

"chasing 'stress free' indicator entries " TDI does not fit that description for sure.
  • #86,376
  • Mar 24, 2018 10:40am Mar 24, 2018 10:40am
In one breathe you say s and r is no good in the next breathe you use them. Personality I don't use them. Supply and demand now that's a different story. I have done videos of live trading my p and l is there for all to see I don't see the point with your request especially when your trading dimes and not dollars enough said
  • #86,377
  • Mar 24, 2018 10:48am Mar 24, 2018 10:48am
Inserted Video
  • #86,378
  • Mar 24, 2018 11:36am Mar 24, 2018 11:36am
Quoting Divergence
In one breathe you say s and r is no good in the next breathe you use them. Personality I don't use them. Supply and demand now that's a different story. I have done videos of live trading my p and l is there for all to see I don't see the point with your request especially when your trading dimes and not dollars enough said
Div, can you give a post reference to: where I say S/R is no good.
You post in this thread about your method, why not post the live trading as well?
The method used is tested, not the slot size.

Is it all talk and no show Div or can you walk the talk in this tread.

Edit: I see the web page did update after my post. Nice video of what? What are we suppose to look at?
  • #86,379
  • Mar 24, 2018 11:36am Mar 24, 2018 11:36am
Quoting Tekkies
{quote}
There is many ways to trade Forex.
Yours is not the only way or the only correct way either
I'll agree with you this time Tekkies
  • #86,380
  • Mar 24, 2018 11:40am Mar 24, 2018 11:40am
I said all I am gonna say I showed you live trading do as you will
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