Trading Made Simple | Page 4418 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #88,341
  • Jul 11, 2018 9:39am Jul 11, 2018 9:39am
Quoting nigpig
I'm afraid I cannot report how well my MEME trades are going as I always like to do and take great pleasure. I wouldnt be true to everyone if I didnt show what Im doing now....Not well at all. Here is may last two weeks. {image} {image} Not sure where I go from here except start from the beginning and see where I'm going wrong.
Hi Nigpig

I know your pain with trading MEME. The large drawbacks can really wipe out your winnings which caused me to stall my process in this money management system as well. I when back to study Weekly Candle swings on the Monthly trend to find where I was going wrong. I re-learned how to determine the point where the weekly candle becomes Bearish or bullish and decided to cut all MEME basket trades if the current weekly candle ( If Bullish ) closes below last weeks low. It means I close basket with losses more often but I avoid huge drawbacks.
I also need to use 0.3 ADR between trades on some pairs.
I am not sure if Emm agrees ( he's probably busy watching the soccer ) but its the route I'm driving at present

MEME trades at present USDJPY / GBPJPY / EURAUD / USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: meme close.png Size: 100 KB
Trading thin liquidity at the boundary of the charts
  • #88,342
  • Jul 11, 2018 9:47am Jul 11, 2018 9:47am
Quoting lctrader11
Hi DJ, I have collected over 15 versions of TDI (I know, stupid right?), so when you say "...It is just used TDI Pro version (not synergy TDI pro)", I don't have a version with that name on it surprisingly. With the 10, 5, 34, 2, 2, 7, 0 settings, I could probably use a number of them to accomplish the same thing. BUT, wonder if you would share that TDI Pro version you talk of anyway. Thanks EDIT: By the way, turning those #s into "word" variables, am i interpreting them correctly this way? {image}
No, its not stupid, because you are collecting TDI to study it.

You dont need to have TDI indicator, just simply use RSI and MA indicator.

Used my template, and you will have TDI pro version.
https://www.forexfactory.com/attachm...3&d=1531315338

And about your setting on picture, its exactly right.
  • #88,343
  • Edited 10:25am Jul 11, 2018 10:15am | Edited 10:25am
Last one
Attached Image (click to enlarge)
Click to Enlarge Name: lasthkjkjhkhkh.PNG Size: 38 KB

Now price can do what it want's
Attached Image
  • #88,344
  • Jul 11, 2018 10:18am Jul 11, 2018 10:18am
Quoting emmanuel7788
{quote} Need more TIME! You had quite good initial starting few months ago. So you need to review all your past trades and learn from them. It took me about 2 years to learn how to trade with Multiple Entries / Multiple Exits. Give yourself more time and continue with forward testing and learning. Just looking at your Trade Report, I see you traded the same pairs from same group. Not a good idea in terms of risk management. I usually start picking one pair from each of my five(5) groups. Only when one pairs has banked-in profits then I pick another...
Thanks for the advice. I definitely need to work on my discipline in planning. My problem is judging the swings. How far will a swing go before it reverses. The problem with MEME for me is as soon as the EA exit, say in a short, when 5min TDI reverse, the EA reenters typically at the min of price for the swing. If the market then swings higher, I'm stuck in an increasing negative position as the SL is set so far away to allow the stepped limit orders. I need to work on the weekly range AFR from the last swing. That would help but that is a judgement what percentage of the weekly range a swing will move.

Emm, do you have any other methods you use to signal to get out of a swing when it consolidates and is likely to reverse?
  • #88,345
  • Jul 11, 2018 10:19am Jul 11, 2018 10:19am
Quoting DJsignals
{quote} No, its not stupid, because you are collecting TDI to study it. You dont need to have TDI indicator, just simply use RSI and MA indicator. Used my template, and you will have TDI pro version. https://www.forexfactory.com/attachm...3&d=1531315338 And about your setting on picture, its exactly right.
Got it, thanks! So, you are using the 13, 34, 2, 7 settings. In your journey did you ever use 8, 34, 2, 5? It's a little faster response. Crosses seem to be about the same, but the reaction to price movement is a slightly exaggerated from the 13 settings; trying to determine if that is a good thing or not.
  • #88,346
  • Jul 11, 2018 10:31am Jul 11, 2018 10:31am
Quoting lctrader11
{quote} Got it, thanks! So, you are using the 13, 34, 2, 7 settings. In your journey did you ever use 8, 34, 2, 5? It's a little faster response. Crosses seem to be about the same, but the reaction to price movement is a slightly exaggerated from the 13 settings; trying to determine if that is a good thing or not.
Im using 13,0,34,2,0,7,0. Im never using 8,34,2,5.
According to DM, the default settings are well tested and proven.
But, you can change the settings to fit your trading style.
  • #88,347
  • Jul 11, 2018 6:30pm Jul 11, 2018 6:30pm
Quoting emmanuel7788
OFF TOPIC For the World Cup Final Jul 15, I pick Group C vs Group D 3rd place pay-off Jul 14, Group G can replay their best.
Keep your dates for these ...

England and Belgium can replay their Group G first meet when Belgium won.

Attached Image (click to enlarge)
Click to Enlarge Name: World Cup Russia Final.png Size: 62 KB


I pick Croatia to win the on Jul 15.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,348
  • Jul 11, 2018 6:52pm Jul 11, 2018 6:52pm
Quoting DJsignals
{quote} No, its not stupid, because you are collecting TDI to study it. You dont need to have TDI indicator, just simply use RSI and MA indicator. Used my template, and you will have TDI pro version. https://www.forexfactory.com/attachm...3&d=1531315338 And about your setting on picture, its exactly right.

the Traders Dynamic Index was created for marketing ...

the Fozzy RSI works in all trading platform.

Read this book
RSI: The Complete Guide by John Hayden

to better understand the RSI and how to use Fozzy RSI
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,349
  • Jul 11, 2018 7:06pm Jul 11, 2018 7:06pm
Trading the 5-Method does not need any indicator.

What did Big E meant when he said t you don't need any indicator>

I have been trading this 5-Method for many years and I agree with him.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E 5 Method needs no indicator.png Size: 175 KB


Those two indicators - TDI and Stochastics are just training wheels.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,350
  • Jul 11, 2018 8:00pm Jul 11, 2018 8:00pm
Quoting nigpig
{quote} Thanks for the advice. I definitely need to work on my discipline in planning. My problem is judging the swings. How far will a swing go before it reverses. The problem with MEME for me is as soon as the EA exit, say in a short, when 5min TDI reverse, the EA reenters typically at the min of price for the swing. If the market then swings higher, I'm stuck in an increasing negative position as the SL is set so far away to allow the stepped limit orders. I need to work on the weekly range AFR from the last swing. That would help but that is...
1) do you have any other methods you use to signal to get out of a swing when it consolidates and is likely to reverse?

Yes, your top down analysis will show you when the market conditions changes. The change will change the Market Type in which we choose to trade. Trends do not reverse violently, trends do end and a new market type emerges.

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 Market 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.

When trading the 4H swing on your H4 charts, know the Average Weekly Range (AWR) I use the ATR-52 weeks. By looking at the swing low/swing high in each week, you can follow how much of the AWR has been traded every week during the week. Most often, 40% of the AWR is reach easily when market is narrow range. On wide ranging market, 60% to 100% of AWR. But in strong trending market, 120% and above of the AWR, this is the danger zone where the corrections can be deep.

Take a look at RickM's EURAUD Weekly chart posted above.
Observe the W1 Low - High and the Close (Bullish), and the High-Low and the Close (Bearish).
Note the higher High but the W1 did not Close with higher Close. Then look at your H4.

Attached Image (click to enlarge)
Click to Enlarge Name: RickM EURAUD Weekly chart.png Size: 139 KB


Also, use the Trail_By_Previous Candle High-Low for trade management and for Position Sizing. I look at Two(2)Bars_Look_Back on D1 and also W1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,351
  • Jul 11, 2018 10:56pm Jul 11, 2018 10:56pm
Quoting emmanuel7788
{quote} the Traders Dynamic Index was created for marketing ... the Fozzy RSI works in all trading platform. Read this book RSI: The Complete Guide by John Hayden to better understand the RSI and how to use Fozzy RSI
Wow, book again, yummyy, thanks for the book Emm.
Going to read it now.
  • #88,352
  • Jul 11, 2018 11:47pm Jul 11, 2018 11:47pm
Quoting emmanuel7788
{quote} the Traders Dynamic Index was created for marketing ... the Fozzy RSI works in all trading platform. Read this book RSI: The Complete Guide by John Hayden to better understand the RSI and how to use Fozzy RSI
Emm, my view is right? about this trend reading concept on picture below.
(According to rules 80/40 and ratio table on the JH book).

AUDUSD in uptrend, and will find support at 20.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 43 KB
  • #88,353
  • Jul 12, 2018 12:07am Jul 12, 2018 12:07am
Quoting emmanuel7788
{quote} the Traders Dynamic Index was created for marketing ... the Fozzy RSI works in all trading platform. Read this book RSI: The Complete Guide by John Hayden to better understand the RSI and how to use Fozzy RSI
Emm, this is right?

If my view is right, i can avoid fail BUOB at white box, because i expect price go lower before move up.
(According to rules 80/40 and ratio table on the JH book).
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 49 KB
  • #88,354
  • Jul 12, 2018 1:24am Jul 12, 2018 1:24am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 37 KB
  • #88,355
  • Jul 12, 2018 1:34am Jul 12, 2018 1:34am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 36 KB
  • #88,356
  • Jul 12, 2018 1:35am Jul 12, 2018 1:35am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 36 KB
  • #88,357
  • Jul 12, 2018 2:42am Jul 12, 2018 2:42am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 43 KB
  • #88,358
  • Jul 12, 2018 2:46am Jul 12, 2018 2:46am
Oh, man life has to be complicated.

Spend you time doing all crysteball stuff where the market might go next hour, day, week, month. How many times did the trend changed direction and went the opposite direction in that same hour, day, week, month? Use the alert function in TDI. Set it on a lower time frame to that what you prefer to trade, use the "Send Notification" so you will receive notes on cellphone / email

Let the TDI crossover on the lower time frame call you to the computer.

Switch to preferred time frame, apply post#647 before or after you can see green on the other side of red. Place the trade when post#647 check positief.

Use BigE post as he has left it to be used. Follow it, learn it, practise it, apply it, repeat. The profit will come. You will fill that wheelbarrow with pips.
M15 - Yellow trend line is where trade should have been taken. (me sleeping in bed)
Trade have been placed on second crossover.
- H1 green confirm direction of M15 crossover
Attached Image (click to enlarge)
Click to Enlarge Name: futers.PNG Size: 43 KB
  • #88,359
  • Edited 3:38am Jul 12, 2018 3:24am | Edited 3:38am
Quoting emmanuel7788
{quote} the Traders Dynamic Index was created for marketing ... the Fozzy RSI works in all trading platform. Read this book RSI: The Complete Guide by John Hayden to better understand the RSI and how to use Fozzy RSI
AUDJPY in uptrend:
1. 80-40 range.
2. Simple bearish divergence.
3. MDRP Up with medium strength signal.
4. BOOM!! over 70 pips.

This is right?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 38 KB
  • #88,360
  • Jul 12, 2018 3:36am Jul 12, 2018 3:36am
Quoting emmanuel7788
{quote} 1) do you have any other methods you use to signal to get out of a swing when it consolidates and is likely to reverse? Yes, your top down analysis will show you when the market conditions changes. The change will change the Market Type in which we choose to trade. Trends do not reverse violently, trends do end and a new market type emerges. 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...
Thanks Emm, so much in that post. I can understand that well.
Thanks to RickM too for the example and tips.
326 traders viewing now, 1 is registered:
andrjuha0707