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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #87,781
  • Edited 1:50am Jun 19, 2018 1:25am | Edited 1:50am
Quoting emmanuel7788
TDI Red Green Realtime is smoother? I know many will say the TDI Realtime is smoother. Anyone who sees and think the TDI Realtime version is smoother is obviously missed seeing the real price and its momentum. {image}
Hi emmanuel7788,

it looks much different, so it better for using TDI Realtime version?
  • #87,782
  • Edited 1:51am Jun 19, 2018 1:30am | Edited 1:51am
Quoting DJsignals
Buy GBP Support Zone ✔ TDI ✔ Stochastic ✔ Yellow MA ✔ Price looks tired to fall. Initial Stop Loss : 1.3222 Potential Target Price : 1.3296 Emergency Exit : TDI Flat/Hook/Checkmark {image}
This is no good result.

Small loss.
Minus 6 pips.

Cut loss fast (emergency exit) when TDI hooked.
Before it get to my Initial Stop Loss

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH42.png Size: 37 KB
  • #87,783
  • Edited 4:19am Jun 19, 2018 1:53am | Edited 4:19am
Quoting emmanuel7788
{quote} TDI H4 is not reliable as trade signal after the weekend price gap and when the H4 price action is in consolidation (master candle seen) Last week we have a break of the Week 21 low. I am selling with MEME. Watch for a new week swing low this week before we start buying on short term trade.
Thanks for your opinion.
Im sorry i did not follow your post, so i dont know exactly what you refering to MEME.

I just read all eelfranz post, make trade, and post it here.
Im sorry, dont meant to be rude.
  • #87,784
  • Jun 19, 2018 2:06am Jun 19, 2018 2:06am
Quoting kain775
took this trade on H1 gbp/jpy last week at the second vertical blue line ...and am still holding it currently price is 145.200 and about 80 pips from tp {image}



Decided to cash out about 20 pips from tp

I had already made many times my risk, and gbpjpy has had a huge atr day [if you look at it's 7 day average]

I do not want to deal with the physiological effects of a retrace and then price taking another 3 or 4 days to hit target. I'll cash out a bit early. No regrets!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY DAILY TO M30 trade cash out 50pips early.png Size: 39 KB
  • #87,785
  • Jun 19, 2018 2:15am Jun 19, 2018 2:15am
Quoting kain775
{quote} Decided to cash out about 20 pips from tp I had already made many times my risk, and gbpjpy has had a huge atr day [if you look at it's 7 day average] I do not want to deal with the physiological effects of a retrace and then price taking another 3 or 4 days to hit target. I'll cash out a bit early. No regrets! {image}

GJ has potential to hit 100% of its Average Weekly Range 320 to 330 pips.
This means it can reach 140.00 and 140.50 from this week's high.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,786
  • Jun 19, 2018 2:17am Jun 19, 2018 2:17am
Quoting DJsignals
{quote} This is no good result. Small loss. Minus 6 pips. Cut loss fast (emergency exit) when TDI hooked. Before it get to my Initial Stop Loss {image}

you are using the RSI on your chart and that is working in realtime mode, i.e. your RSI green and red lines are updating on every price tick.

you rules for entry and exit will be different from those of the OP.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,787
  • Jun 19, 2018 2:26am Jun 19, 2018 2:26am
Quoting emmanuel7788
{quote} Selling looks good on H4 and since Weekly is sideways wide range. Can hit the Low of Week 21 145.26. then we look for new extreme swing low on H4 and other timeframes below. {image}

Thanks Emmanuel- I should have kept trade running as it went way past my TP but i closed as soon as TDI hooked. As per the rules.

Maybe I should make a more aggressive entry/exit rule.
  • #87,788
  • Jun 19, 2018 2:38am Jun 19, 2018 2:38am
Ouch.
TDI crossover on GBPUSD H4 did not go so good. That happens when you ignore your own trading rule's
- Prefer to take trades on M15 based on TDI on H1 time frame. (Which by the way had a very nice cross over for a sell 3 houer's later)
- So stay on those time frames
- Do not go and look for entry's on other time frames that you don't trade like M1, M5, M30, H4, W1, MN when you missed an entry on preferred time frame.
No matter how good the set up look's like.
- Leave computer only after break-even has moved S/L to BE
-----------
Now exit rule is: Green goes flat, check mark, hook over. This one is going to hurt.
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  • #87,789
  • Jun 19, 2018 2:44am Jun 19, 2018 2:44am
Attached Image (click to enlarge)
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  • #87,790
  • Edited 3:04am Jun 19, 2018 2:53am | Edited 3:04am
Puzzle 647

Attached Image


Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jun 19 H4 post 647.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,791
  • Jun 19, 2018 2:56am Jun 19, 2018 2:56am
Quoting Roni26
{quote} Thanks Emmanuel- I should have kept trade running as it went way past my TP but i closed as soon as TDI hooked. As per the rules. Maybe I should make a more aggressive entry/exit rule.

Whatever you tweak with the TDI for entry and exit rules, you will not make money in long term.

making money in trading the markets be that stock, forex, etc. has to do with money and mental strategies.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,792
  • Jun 19, 2018 3:37am Jun 19, 2018 3:37am
Quoting emmanuel7788
{quote} you are using the RSI on your chart and that is working in realtime mode, i.e. your RSI green and red lines are updating on every price tick. you rules for entry and exit will be different from those of the OP.
Im trying to copycat eelfranz trades, so i must using TDI Red Green?

My entries use open candle #2 if TDI cross, PA, S/R, everthing basic, etc.
My emergency exit use TDI hook/flat/checkmark.
  • #87,793
  • Jun 19, 2018 4:16am Jun 19, 2018 4:16am
Sell EURGBP

Resistance Zone ✔
TDI Good Enough ✔
Stochastic ✔
Yellow MA ✔

Price looks tired to rise.

Initial Stop Loss : 0.8780
Potential Target Price : 0.8724

Emergency Exit : TDI Flat/Hook/Checkmark
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 42 KB
  • #87,794
  • Jun 19, 2018 5:35am Jun 19, 2018 5:35am
Quoting DJsignals
Sell EURGBP Resistance Zone ✔ TDI Good Enough ✔ Stochastic ✔ Yellow MA ✔ Price looks tired to rise. Initial Stop Loss : 0.8780 Potential Target Price : 0.8724 Emergency Exit : TDI Flat/Hook/Checkmark {image}

H4 price looks toppisch but no total flat at the top...

look at previous two setups I marked.
Attached Image (click to enlarge)
Click to Enlarge Name: DJsignal EURGBP H4 trade.png Size: 183 KB


and today comments

that HA candle did not show momentum....

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 25 Jun 19 BPP H4.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,795
  • Jun 19, 2018 5:47am Jun 19, 2018 5:47am
Quoting emmanuel7788
{quote} H4 price looks toppisch but no total flat at the top... look at previous two setups I marked. {image} and today comments that HA candle did not show momentum.... {image}
Thanks for the opinion.

I took that last one with good profit.

Sorry OOT, what size of your screen?
It look good view of your chart.
  • #87,796
  • Jun 19, 2018 6:51am Jun 19, 2018 6:51am
Does anybody have same problem with monitor? Know how to solve?
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  • #87,797
  • Jun 19, 2018 10:53am Jun 19, 2018 10:53am
Quoting DJsignals
Sell EURGBP Resistance Zone ✔ TDI Good Enough ✔ Stochastic ✔ Yellow MA ✔ Price looks tired to rise. Initial Stop Loss : 0.8780 Potential Target Price : 0.8724 Emergency Exit : TDI Flat/Hook/Checkmark {image}
Not end well on this one too.

Small lose.
Minus 19 pips

It got my Initial Stop Loss.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 42 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH41.png Size: 41 KB
  • #87,798
  • Jun 19, 2018 1:07pm Jun 19, 2018 1:07pm
Quoting emmanuel7788
{quote} H4 price looks toppisch but no total flat at the top... look at previous two setups I marked. {image} and today comments that HA candle did not show momentum.... {image}

Hi Emmanuel- Good analysis!

What i think would be beneficial for some of the newbies and for that matter, myself also, would be to have a step by step process of how you simply hunt a trade. I understand most of the concept is that of BIG E's method but going to the higher timeframe and determining where to enter etc and trend is totally outside the teachings of BIGE so i guess we are new to it. Your way is extremely concise and clear and I appreciate you taking out time to teach us.

Kind regards,
ROni
  • #87,799
  • Jun 19, 2018 7:16pm Jun 19, 2018 7:16pm
Quoting Roni26
{quote} Hi Emmanuel- Good analysis! What i think would be beneficial for some of the newbies and for that matter, myself also, would be to have a step by step process of how you simply hunt a trade. I understand most of the concept is that of BIG E's method but going to the higher timeframe and determining where to enter etc and trend is totally outside the teachings of BIGE so i guess we are new to it. Your way is extremely concise and clear and I appreciate you taking out time to teach us. Kind regards, ROni
EURGBP H4 June 19

Here is an example how I trade with price action with just a few simple price bar patterns.
You need to learn and spot these type of price bar patterns and the TDI will show the momentum for you to jump in.

Key point by Big E is to see where the consolidation zone is . In this example, that H4 Mother Bar/Inside Bar is a consolidation and the Mother Bar High-Low is support and resistance. We can trade in the lower timeframe H1 and M15, but use that Mother Bar high low as support and resistance... buy at support (Low).

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 25 H4 Mother Bar breakout.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,800
  • Jun 19, 2018 7:39pm Jun 19, 2018 7:39pm
Quoting Roni26
{quote} Hi Emmanuel- Good analysis! What i think would be beneficial for some of the newbies and for that matter, myself also, would be to have a step by step process of how you simply hunt a trade. I understand most of the concept is that of BIG E's method but going to the higher timeframe and determining where to enter etc and trend is totally outside the teachings of BIGE so i guess we are new to it. Your way is extremely concise and clear and I appreciate you taking out time to teach us. Kind regards, ROni
"Falling Knife" and "Dead Cat Bounce"

Here is another example what we do looking at the market condition like this week. The JPY pairs make big moves down and few pairs are "Falling Knife" under extreme volatility and the breaking the previous weeks low. Use the standard Bollinger Bands BB of your trading platform with setting Period 20, deviation 2, Close price.

Some chart example as I see them,
look for extreme price move.

GBPJPY chart with comments.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 25 H5 Jun 20 BB.png Size: 66 KB


the other pairs below are the same,

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 25 Jun 20 H4 BB.png Size: 45 KB


Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY Week 25 Jun 20 H4 BB.png Size: 40 KB


Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY Week 25 Jun 20 H4 BB.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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