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Trading Made Simple

  • #87,981
  • Edited 3:34am Jul 2, 2018 3:22am | Edited 3:34am
Quoting emmanuel7788
What a great weekend... 26 goals in 4 matches. You can have only one winner .... that's brutal. There is no breakeven. GBPUSD Week 27 July 02 - Is the Dominant Trend Up or Down? {image} Goodnight folks,....

GBPUSD Jul 02... 8 hours ago

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and NOW...

with H4 Inside Bar breakout following the primary trend (Dominant Trend)...sell the rally in a DOWNTREND.

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you are in the money but be careful ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,982
  • Jul 2, 2018 3:42am Jul 2, 2018 3:42am
Took some GBPUSD Red News. GBPUSD will go up, how far will depend on the red news at FF Calendar 16H00
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  • #87,983
  • Jul 2, 2018 3:43am Jul 2, 2018 3:43am
Quoting danc
{quote} Invaluable.................

some people will continue to have their "hard time" because they read this thread only but they did not understand this post link below... trading requires skills which comes from practice with knowledge and experience. Those who gamble rely on their luck. TMS traders do not rely on luck but their skills. TDI may be the king in this thread but it is Price Action trading as mentioned in Post#647 that governs not the king..

Quoting eelfranz
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...


anyone who wants to learn the 5-Method should follow the OP's post in this thread and learn fast following his post.

Good luck to all who still believe the TDI is the king and expect to make consistent money. They will continue to learn the harder way with their king in the years ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,984
  • Jul 2, 2018 4:21am Jul 2, 2018 4:21am
Quoting emmanuel7788
{quote} some people will continue to have their "hard time" because they read this thread only but they did not understand this post link below... trading requires skills which comes from practice with knowledge and experience. Those who gamble rely on their luck. TMS traders do not rely on luck but their skills. TDI may be the king in this thread but it is Price Action trading as mentioned in Post#647 that governs not the king.. {quote}[/color][/size][/font] anyone who...
If you say so Emmanuel.
TDI is King in this thread. Potential enter's indicated by the cross. Post#647 and other post's are applied when you see green on the other side of red. Only then a order is placed.

If you are so against TDI and what BigE has posted, why are you still posting in this thread. Is it because the OP (BigE) can not remove you and you can post what you want?

Anyway, closed order's green made a check mark.
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  • #87,985
  • Jul 2, 2018 4:36am Jul 2, 2018 4:36am
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[/highlight]...

Why am I posting in this thread?

One answer is this Post#647 and the highlighted yellow above.

Most traders have their hardtime making profitable trades because they do not have a consistent approach to identify what a consolidation area is.
They trade trade blindly following their TDI being the king.
But the above post says: "When wanting to enter a TDI trade..." you should already know if the market is in consolidation or near a consolidation. This is where you must know how to read price action and apply price action before you take a TDI trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,986
  • Jul 2, 2018 4:49am Jul 2, 2018 4:49am
Quoting emmanuel7788
{quote}They trade trade blindly following their TDI being the king.
Pay attention to detail Emmanuel
"Potential enter's indicated by the cross. Post#647 and other post's are applied when you see green on the other side of red. Only then a order is placed
  • #87,987
  • Jul 2, 2018 5:08am Jul 2, 2018 5:08am
Not a good time to consider a Sell order now. GBPUSD is at support. Looking back on higher time frame's GBPUSD went up. Rather wait for TDI to make a cross and Stoch has confirmed direction.
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  • #87,988
  • Jul 2, 2018 5:13am Jul 2, 2018 5:13am
Quoting Tekkies
{quote} Pay attention to detail Emmanuel "Potential enter's indicated by the cross. Post#647 and other post's are applied when you see green on the other side of red. Only then a order is placed

It is useless to enter a TDI cross trade when the market is in consolidation. Shown with charts and proven many times since 2012 till 2017.
Read all my posts and pay attention what I posted and pay attention to every detail.

After so many years trading, the TDI is now obsolete for many advance TMS traders who can trade price action and use of support and resistance.

Newbies can still try trade using the TDI and you will learn the hard way when you see that you cannot achieve the 70 to 80% win rate like the OP claimed.
If you can achieve consistency say 45% to 55% win rate, then you are very good and still have plenty of room to learn and do better.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,989
  • Jul 2, 2018 5:17am Jul 2, 2018 5:17am
Quoting Tekkies
Not a good time to consider a Sell order now. GBPUSD is at support. Looking back on higher time frame's GBPUSD went up. Rather wait for TDI to make a cross and Stoch has confirmed direction. {image}

Its one hour after Tokyo closed. Wait for liquidity to flow ... then we shall see what the European market will bring on. We are in sell already and with protected with profit locked.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,990
  • Jul 2, 2018 5:43am Jul 2, 2018 5:43am
Quoting emmanuel7788
{quote}After so many years trading, the TDI is now obsolete for many advance TMS traders who can trade price action and use of support and resistance.
When you don't use TDI no more then you are not a TMS trader. Therefor you can not call yourself a TMS trader according to Trading Made Simple by BigE as described in Post#1:.......................The key to this method is the Traders Dynamic Index indicator for entries and exits................
  • #87,991
  • Jul 2, 2018 5:47am Jul 2, 2018 5:47am
Maybe Harmonic Pattern is Pareidolia?
  • #87,992
  • Jul 2, 2018 6:06am Jul 2, 2018 6:06am
Quoting DJsignals
Maybe Harmonic Pattern is Pareidolia?
Price Action is not far behind. To many subjectivity involved.

A cross is a cross.
  • #87,993
  • Jul 2, 2018 6:10am Jul 2, 2018 6:10am
Quoting Tekkies
{quote} When you don't use TDI no more then you are not a TMS trader. Therefor you can not call yourself a TMS trader according to Trading Made Simple by BigE as described in Post#1:.......................The key to this method is the Traders Dynamic Index indicator for entries and exits................

All the advance TMS traders whom I I know no longer trade the TDI cross and bounce blindly.
We use the TDI differently as we progress reading Big E post in this thread. He mention many things since his first post and there are only 463 posts in this thread.

You just have to read his posts and pay attention to what he said.
For example:-
- to trade the Daily chart timeframe and also his example on the Weekly chart
- to use the aggressive exit instead of the conservative exit
- between conservative entry and aggressive exits, make lots more pips... how?

Read and pay attention to details,and look at charts to see more than just reading words. Take notes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,994
  • Edited 6:27am Jul 2, 2018 6:14am | Edited 6:27am
Quoting Tekkies
{quote} Price Action is not far behind. To many subjectivity involved. A cross is a cross.
Yes harmonic is price action.

But Harmonic is price action measured by fibonacci ratio and result animal pattern, that we know.

Maybe there are no such harmonic pattern, maybe it is just pareidolia?

example of pareidolia
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  • #87,995
  • Jul 2, 2018 7:17am Jul 2, 2018 7:17am
Quoting DJsignals
{quote} Yes harmonic is price action. But Harmonic is price action measured by fibonacci ratio and result animal pattern, that we know. Maybe there are no such harmonic pattern, maybe it is just pareidolia? example of pareidolia {image}
I see XABCD

XA is 5 waves ... Elliot Wave impulse wave
ABCD is 3 waves correction

end of wave CD is PRZ ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,996
  • Jul 2, 2018 7:36am Jul 2, 2018 7:36am
Quoting emmanuel7788
{quote} I see XABCD XA is 5 waves ... Elliot Wave impulse wave ABCD is 3 waves correction end of wave CD is PRZ ... {image}
When CD leg become PRZ? It is must be fibonacci ratio.

Is fibonacci ratio of PRZ is real? The harmonic pattern is real? or it is just pareidolia?

Maybe using difference of price action and oscillator is the answer? or it is just pareidolia?
  • #87,997
  • Jul 2, 2018 7:39am Jul 2, 2018 7:39am
Quoting DJsignals
{quote} When CD leg become PRZ? It is must fibonacci ratio. Is fibonacci ratio of PRZ is real? The harmonic pattern is real? or it is just pareidolia? Maybe using difference of price action and oscillator is the answer? or it is just pareidolia?

Its all different beliefs.

PRZ can be all over the place.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,998
  • Jul 2, 2018 7:50am Jul 2, 2018 7:50am
Quoting emmanuel7788
{quote} Its all different beliefs. PRZ can be all over the place.
Then maybe all of this is just pareidolia.

Win not guaranteed.
Loss is guaranteed.

Only stoploss and money management can save us to survive on this brutal market.

I need to do my homework harder.
  • #87,999
  • Jul 2, 2018 8:07am Jul 2, 2018 8:07am
Short EURJPY
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  • #88,000
  • Jul 2, 2018 8:07am Jul 2, 2018 8:07am
Quoting emmanuel7788
{quote} some people will continue to have their "hard time" because they read this thread only but they did not understand this post link below... trading requires skills which comes from practice with knowledge and experience. Those who gamble rely on their luck. TMS traders do not rely on luck but their skills. TDI may be the king in this thread but it is Price Action trading as mentioned in Post#647 that governs not the king.. {quote}[/color][/size][/font] anyone who...

TDI is not king imo

price action is king

TDI is like the Kings Advisor which confirms/rejects a price action setup

most of tekkies posts have way too much emphasis on the TDI and way too little emphasis on price action. He neglects to mention the specific price action that got him into the trade most of the time as he feels it's "spoon feeding"

when I first started trading TMS I put way too much emphasis on the TDI [believing it was king], ...my account equity curve just kept sloping downwards. Luckily I had someone keep pointing out that I was placing too much emphasis on the indicators ...and after a long time my price action skills improved enough to the point where my equity curve is now sloping upwards.........but one thing I that got hammered into me was that TDI is not king... price action is
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