Trading Made Simple | Page 4426 | 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

  • #88,501
  • Jul 18, 2018 5:30am Jul 18, 2018 5:30am
Quoting DJsignals
{quote} In my view, You are buying on bearish trend. There are negative reversal on my yellow arrow. And price break support. For me, there are no reason for buying. Still no sign of exhausting downtrend. {image}
DJ
M15 did cross down and H1 did confirm that a sell order will be a good choice
-------------
When green actually run up below red to the upside I took the buy order also I saw price on top of a major support. Red news changed that buy order into a loss.
Did price break support. Not so sure about that.
Attached Image (click to enlarge)
Click to Enlarge Name: do not konw.PNG Size: 16 KB
  • #88,502
  • Jul 18, 2018 6:05am Jul 18, 2018 6:05am
Quoting Tekkies
{quote} DJ M15 did cross down and H1 did confirm that a sell order will be a good choice ------------- When green actually run up below red to the upside I took the buy order also I saw price on top of a major support. Red news changed that buy order into a loss. Did price break support. Not so sure about that. {image}
Thanks for explain the reason of buying .
  • #88,503
  • Jul 18, 2018 6:12am Jul 18, 2018 6:12am
Quoting DJsignals
{quote} Update: R:R = 2.70 {image}
Update:
Target reached.
  • #88,504
  • Jul 18, 2018 8:20am Jul 18, 2018 8:20am
My English is very bad so my apologies. First and probably last time I write something here. It's not even mine what I'm going to quote but I think we should go back to the beginning out of respect for the author of this thread

hi Dean.. this is my opinion after observe this strategy :

1. this strategy based on Heineken Ashi (HA) candles as this candles actually show the currend trend.

2. To trade the trend, it is a must that you must trade from the very beginning of the trend. For example, everytime the HA change color, enter your trade.

3. We can not trade using the HA candles itself, we need something to filter out.

4. This is the point where the TDI plays his roles as the heart of the strategy. TDI will filter bad trades on changes color of HA.

5. TDI shows where to buy and where to sell, but, to trade very-very safely, TDI need to trade on the very beginning of the trend. Which trend? Trend defined by HA candles. So if we can trade when TDI cross, and the cross happen when the HA is still on number 1, 2, or maximum 3 from the first time HA candle change its color, as we do hope, we still have plenty rooms to make pips until candle number 4,5,6,7, or until 8 (if it is strong trend).

So... if happen we see TDI cross and the HA just change its color (means that we trade on candle number 1, then we have 90% of probability that our trade will bank pips)

Hope this make sense, this is just my 2 cents, if this is wrong, I'll edit this post later.

Best Regards,
bom-bom


I do not even know how to use this well. The quote belongs to post 933. regards
  • #88,505
  • Jul 18, 2018 9:14am Jul 18, 2018 9:14am
Quoting gniwre
My English is very bad so my apologies. First and probably last time I write something here. It's not even mine what I'm going to quote but I think we should go back to the beginning out of respect for the author of this thread hi Dean.. this is my opinion after observe this strategy : 1. this strategy based on Heineken Ashi (HA) candles as this candles actually show the currend trend. 2. To trade the trend, it is a must that you must trade from the very beginning of the trend. For example, everytime the HA change color, enter your trade. 3. We...
No, you are not wrong.
Post 933
  • #88,506
  • Edited 12:56pm Jul 18, 2018 12:22pm | Edited 12:56pm
Quoting gniwre
My English is very bad so my apologies. First and probably last time I write something here. It's not even mine what I'm going to quote but I think we should go back to the beginning out of respect for the author of this thread hi Dean.. this is my opinion after observe this strategy : 1. this strategy based on Heineken Ashi (HA) candles as this candles actually show the currend trend. 2. To trade the trend, it is a must that you must trade from the very beginning of the trend. For example, everytime the HA change color, enter your trade. 3. We...
That post by Bom-Bom , he was trying help explain to another member Dean his questions.

But for you gniwre being member since 2009 and making your first post in this thread,

New traders coming to this thread have three Options:

Option #1: Go to this post link, read and follow that post.The TMS history is all here.

https://www.forexfactory.com/showthr...2#post10965032

Option #2:
You don't have to read 4426 pages (88k of posts)
Just two pdf files compiled by older members here will suffice.
Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3:
For those with some years of trading experience trading with indicators, this option may be better.

Click and read One, Two and Three

TMS being the 5-Method is a technical trading methodology therefore you need to add your own Money Management and make it your own system. Your trading psychology is another subject matter not talked about much.


... more
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,507
  • Jul 18, 2018 12:32pm Jul 18, 2018 12:32pm
Quoting emmanuel7788
{quote} EURAUD, EURCAD and EURNZD GBPAUD, GBPCAD and GBPNZD It has been weeks and I am still watching these EURxxx and GBPxxx for the big moves.

Nice move today GBPAUD, GBPCAD and GBPNZD.

Hope many of you who waited patiently caught those breakout moves.

I caught some pips with selling GBPNZD.

Tomorrow will be follow through trades.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Week 29 Jul 18 POP.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,508
  • Jul 18, 2018 12:37pm Jul 18, 2018 12:37pm
GBPAUD

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 29 Jul 18 POP.png Size: 76 KB


GBPCAD

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 29 Jul 18 POP.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,509
  • Jul 18, 2018 7:24pm Jul 18, 2018 7:24pm
Quoting emmanuel7788
GBPAUD {image} GBPCAD {image}
GREAT picture explnations.. clear as...Thks
  • #88,510
  • Jul 19, 2018 4:00am Jul 19, 2018 4:00am
GBPUSD Jul 19 H1 Frankfurt Open was simple setup ...

H1 price action breaks below Day Open line as CONTINUATION of D1 price action, the H1 price closed below 10EMA with TDI cross down showing good bearish momentum.

Both the short term trend D1 and long term trend W1 are bearish. PA below its 10EMA.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jul 19 H1 trade at Day Open.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,511
  • Jul 19, 2018 4:05am Jul 19, 2018 4:05am
EURUSD Jul 19 H1 Frankfurt Open

quite the similar story like GBPUSD above,

when the three amigos ride in same direction.


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jul 19 H1 Frankfurt Open.png Size: 71 KB



but for the very active type of traders in M15, you got to know when to exit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,512
  • Jul 19, 2018 4:34am Jul 19, 2018 4:34am
One bar late.
Post##115...................Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
Attached Image (click to enlarge)
Click to Enlarge Name: indien.PNG Size: 37 KB
  • #88,513
  • Edited 5:52am Jul 19, 2018 5:37am | Edited 5:52am
Can anyone explain to me if its "okay" to trade against the daily open line? Like this TDI Cross on EUR/USD M30 here (for going long).

Looking at H1, H4 we have a strong downtrend. If setting up trades on lower time frames like M30 in this case should i only go with the direction of what H1, H4 is drawing?.

So this "signal" of TDI Crossing would be a no go even thinking about going long for 20-30 Pips it might float back to the last high areas around the DOL?

Some comments on this would be nice. I am still learning this method. Thanks in advance.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-fxopen-investments-inc.png Size: 44 KB
  • #88,514
  • Edited 6:42am Jul 19, 2018 6:26am | Edited 6:42am
Quoting lddd
Can anyone explain to me if its "okay" to trade against the daily open line? Like this TDI Cross on EUR/USD M30 here (for going long). Looking at H1, H4 we have a strong downtrend. If setting up trades on lower time frames like M30 in this case should i only go with the direction of what H1, H4 is drawing?. So this "signal" of TDI Crossing would be a no go even thinking about going long for 20-30 Pips it might float back to the last high areas around the DOL? Some comments on this would be nice. I am still learning this method. Thanks in advance....
Keeping It Simple : Know when and where NOT to trade.


it all about price action and support/resistance, and come next is the risk management.

if you see the Day Open as support or resistance, then you know the risk when trading into the Day Open in a strong trend. this means you need some other 'filter' to decide a trade or no-trade.

the TDI based on RSI data is an oscillator and it is not efficient when there is strong trend and in your case with EURUSD, there is volatility and the price is in oversold region. It can remain in this oversold condition in a volatile strong trend.

the TDI is a lagging indicator but being lagging it has 'predictive' features because it will eventually catch up with the price action, just a matter of time. One of the 'predictive' feature is the divergence between the price and it momentum. On your chart posted, you see there was a case of divergence yesterday which gave a good correction buy trade. That area is now support for today.
There is another 'predictive' feature which can help you determine the end of a trend or price swing.


Attached Image (click to enlarge)
Click to Enlarge Name: lddd EU post chart divergence.png Size: 178 KB


there are lots of tutorial video on youtube by the creator of the TDI.

this one below can help you learn how to use the TDI better and also the yellow brick road.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,515
  • Jul 19, 2018 6:34am Jul 19, 2018 6:34am
The TDI do give some crappy signals like below example.

I am not saying the TDI is crap.

I am saying it gives some crappy signals under certain market conditions.

If anyone trade blindly following Green cross Red and do not know what the market type conditions are, then you will lose more than you will win.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jul 19 M15 crappy TDI signals.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,516
  • Jul 19, 2018 7:22am Jul 19, 2018 7:22am
Hi traders, I’m new to this forum and this thread. I Have been trading full-time for 7 years now. Hope to make new traders friend.


Happy trading week.

Ron.
  • #88,517
  • Edited 7:39am Jul 19, 2018 7:24am | Edited 7:39am
Quoting emmanuel7788
{quote} Keeping It Simple : Know when and where NOT to trade. it all about price action and support/resistance, and come next is the risk management...
Thanks your feedback already helped a lot.

What about different timeframes. I am from the EU and my wakeup time is with Frankfurt/London Open i think trading M15,M30 during the London session should be fine / probably the best idea? As far as i know this topic here is about the H4.

I would like to trade the H4 as well but mostly i wake up and watch the H4 (so beginning of london opening 09:00 AM here) 90% of the possible valid TDI signals already happened and i would have to enter late on candle 3-4...

Another problem is that i am far to undercapitalized for trading H4 or even Daily.

Is there something i can do here instead. I guess i would have to be very very picky like that, watching M30/M15 Charts the complete european session to maybe find 1-2 valid signals. At least thats what it feels like to me at the moment. There are really not that much good TDI signals as there used to be as i first noticed about it 5 years ago.
  • #88,518
  • Jul 19, 2018 7:25am Jul 19, 2018 7:25am
Quoting emmanuel7788
The TDI do give some crappy signals like below example. I am not saying the TDI is crap. I am saying it gives some crappy signals under certain market conditions. If anyone trade blindly following Green cross Red and do not know what the market type conditions are, then you will lose more than you will win. {image}
Dear Emmanuel
Allow me plz ...

* Why you need for TDI , IF you understand the PA (Like PASR & Nial Fuller & Al Brooks & others) ?
(Buy when its UP & Sell when its down)

* How can you know the Market Types , BEFORE you reach it ? (YOUR Way )

(Sorry for my weakness in English , I have a problem in my dictionary )
There is Light at the End of the Tunnel.
  • #88,519
  • Edited 7:38am Jul 19, 2018 7:26am | Edited 7:38am
It is a myth that indicator's are lagging. https://www.tradeciety.com/is-price-...an-indicators/

Emanuel posted a excellent chart that show clearly why you should never trade the TDI crossover blindly. When you do have a crossover use post#647 to make sure that trade will end in profit.
Looking at the EURUSD M15 chart posted above a few rules will make you think twice before placing an order:
Post#647
- Am I in an uptrend or downtrend.. short & long term...-
- Look at the candles on the last reversal... big, little, what
- Does Stoch's confirm the TDI signal (Nice no stoch)
Do not only use post#647 there are other post's as well that give more clarity on what to look for before place a order after TDI indicated with a crossover of a potential placement of an order:
Post#121.......................... You took the trade close to the TDI 32 line which is about the bottom. However I've seen trades taken short on the 32 line go 100 pips profit... Just be aware how close you are to the 68 & 32 line and pay close attention. The TDI and Stochs are giving opposite signals...
Post#270.......................... The 32,50 & 68 lines are original. When you get to 68 start looking for a reversal sign on the TDI...
However it could still be 50-100 pips away occasionally... just pay attention to the green line for a possible exit signal... the 32 line is the opposite.
  • #88,520
  • Jul 19, 2018 7:30am Jul 19, 2018 7:30am
Quoting emmanuel7788
The TDI do give some crappy signals like below example. I am not saying the TDI is crap. I am saying it gives some crappy signals under certain market conditions. If anyone trade blindly following Green cross Red and do not know what the market type conditions are, then you will lose more than you will win. {image}
But surely Emmanuel you'd have to be brain dead to take those signals you've pointed out. The yellow MA, is that what you guys call the MBL? From memory I thought TMSérs never went short if PA was above that MA and never went long when it was below it? Aren't they some of the basic rules of TMS?
Ardua Ad Astra Per
41 traders viewing now