Trading Made Simple | Page 4458 | 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

  • #89,141
  • Aug 4, 2018 8:46am Aug 4, 2018 8:46am
Quoting emmanuel7788
A Lesson in Trading Psychology: The TDI Green cross Red is merely what that indicator produces as signals. The TDI signals are not trade setups. You decide base on your own market knowledge and experience what trade trade setups are. The TDI signals will result in two kinds of trades: Those signals that make you money and those signals that give you information only. WHEN and WHERE to trade, and WHEN and WHERE NOT to trade {image} Trade only the best setups. What are the best setups?
After a fack setup....
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -619
  • #89,142
  • Edited 11:21am Aug 4, 2018 8:49am | Edited 11:21am
Quoting RickM
{quote} Hi Onejester Always above Daily swing High and above the consolidation area at 1.5893 so that's a massive 262 pips higher than current price. I also look at the ADR(100) x 2.5 which equals about 260 pips. But I never look at a trade as a single entry, I look to build positions if its running in my trade direction or trade against my opening position on M5 TDI crosses to save the position. That way you will have very few losses in you think of a position as a basket of 3 - 5 trades. Here is an example on a trade I opened with EURJPY late...
Ah, ok thanks for that. I'm not a long term trader, but always like to keep an open mind.

Looking the daily, might retest 156700. I'd wait the next 1 or 2 candles and if it can't break in-between there and 158092, I think it could likely be kapow down. But need to see those candles first. Lets see, just a bit of fun. Big stops frighten the life out of me so any retest ending as close to 158092, the better...

Edit: If the candle on the 6th is white, I (personally) wouldn't be short.
'in less than half an hour he made over 100 ticks'
  • #89,143
  • Edited 9:48am Aug 4, 2018 9:36am | Edited 9:48am
Quoting Tekkies
{quote}TDI is merely handy tool that only indicate a possibly trade which shorten's the time spend in front of the screen.
My point is. If you look at price if coming to your screen you can actually make your decision without any TDI Cross that told you about a "possible trade". What is the advantage of receiving this information for a "possible trade" when most of these "signals" you get are false ones anyways? So you still have to make your own decision and get some overall picture of what the market condition looks like before pressing the button.

So what is the big advantage for you personally here to have that TDI showing you the cross of two lines? Because it looks cool? I mean if you trade the H4 you have so much time each day to look at your own to get that big picture and see where and when to trade.... If using it on quicker sessions like the H1, M30, M15 you end up with getting a hell lot of notifications telling you that there "now" might be a good idea to trade but in reality you stil have to filter the crap out of it.

So again, what is the big advantage here having the TDI showing you a cross of two lines if it obviously does NOT SAVE YOU TIME and NOT GIVES YOU A ACCURATE SIGNAL you can enter on the next candle without drawing your self that "bigger picture".

Donīt get me wrong, i donīt want to blame on it but i still not understand the overall benefits here if the strategy it self is far more complex as introduced. I guess the topic title "Trading made simple" was just chosen by BigE to attract more clicks and readers. Only a complete idiot would say that this saves you any time or making trading more simple. Otherwise please tell me, where exactly?
  • #89,144
  • Aug 4, 2018 10:04am Aug 4, 2018 10:04am
Quoting lddd
{quote} My point is. If you look at price if coming to your screen you can actually make your decision without any TDI Cross that told you about a "possible trade". What is the advantage of receiving this information for a "possible trade" when most of these "signals" you get are false ones anyways? So you still have to make your own decision and get some overall picture of what the market condition looks like before pressing the button. So what is the big advantage for you personally here to have that TDI showing you the cross of two lines? Because...
'I guess the topic title "Trading made simple" was just chosen by BigE to attract more clicks and readers.'

Heh, heh. Maybe he was 'our man' at forex factory all along.

I jest not. FF is a cash generating machine, and the punters don't know who is who. But who cares? Great model. Wish I'd thought of it!
'in less than half an hour he made over 100 ticks'
  • #89,145
  • Aug 4, 2018 10:21am Aug 4, 2018 10:21am
Quoting lddd
{quote} My point is. If you look at price if coming to your screen you can actually make your decision without any TDI Cross that told you about a "possible trade". What is the advantage of receiving this information for a "possible trade" when most of these "signals" you get are false ones anyways? So you still have to make your own decision and get some overall picture of what the market condition looks like before pressing the button. So what is the big advantage for you personally here to have that TDI showing you the cross of two lines? Because...
I think you should start learning the purpose of indicators before you post this. Then you know why your thoughts are so naive
Stochastic and Heikin Ashi
  • #89,146
  • Edited 11:33am Aug 4, 2018 11:19am | Edited 11:33am
Quoting BudSpencer
{quote} I think you should start learning the purpose of indicators before you post this. Then you know why your thoughts are so naive
The purpose is not there. Otherwise tell me where it is and stop trolling around with such stupid sayings leading to nowhere.
  • #89,147
  • Aug 4, 2018 11:24am Aug 4, 2018 11:24am
Quoting onejester
{quote} 'I guess the topic title "Trading made simple" was just chosen by BigE to attract more clicks and readers.' Heh, heh. Maybe he was 'our man' at forex factory all along. I jest not. FF is a cash generating machine, and the punters don't know who is who. But who cares? Great model. Wish I'd thought of it!
There are tons of business models like this. Affiliate marketing is a legit thing. Doesnīt mean the forum only exists to make money for brokers and the owners. Are you somehow jealous or why do you keep saying so? Man i think there is not one person here with brain. Only idiots picking up phrases to reply with another troll comment.
  • #89,148
  • Aug 4, 2018 12:28pm Aug 4, 2018 12:28pm
'Man i think there is not one person here with brain.'

I aim to please
'in less than half an hour he made over 100 ticks'
  • #89,149
  • Aug 4, 2018 2:07pm Aug 4, 2018 2:07pm
Quoting lddd
{quote} My point is. If you look at price if coming to your screen you can actually make your decision without any TDI Cross that told you about a "possible trade". What is the advantage of receiving this information for a "possible trade" when most of these "signals" you get are false ones anyways? So you still have to make your own decision and get some overall picture of what the market condition looks like before pressing the button. So what is the big advantage for you personally here to have that TDI showing you the cross of two lines? Because...
Don't see the benefit of TDI then don't use it.
Do not know how to apply post#647 after a crossover signal then don't use this method.
Not going to even try to convince you.
----
So what is the big advantage for you personally here to have that TDI showing you the cross of two lines?
Attached Image (click to enlarge)
Click to Enlarge Name: laggibg.PNG Size: 37 KB
  • #89,150
  • Aug 4, 2018 3:15pm Aug 4, 2018 3:15pm
Quoting lddd
{quote} The purpose is not there. Otherwise tell me where it is and stop trolling around with such stupid sayings leading to nowhere.
It would probably take a few hours to get it in your brain. I guess you are just ignorant after so many years of dealing with forex trading etc.. The first purpose of the TDi is to give an unbiased decision based on calculations rather than the naked eye.

Naked trading is much more complex than using math. Cause you cannot fool numbers. And that is the reason why people use indicators. The same reason why theyīd rather have an arrow signal than "look at steep MA" stuff. People like to have consistency. And only indicators can guarantee this in the beginning.

I am too tired for the rest. But itīs up to you anyway, cause I donīt really care.

But the thing is, if you see no value, just do not post and leave the thread. I donīt think this is the place to discuss it. Open another one maybe.

Cheers
Stochastic and Heikin Ashi
  • #89,151
  • Aug 4, 2018 3:18pm Aug 4, 2018 3:18pm
Quoting Tekkies
{quote} Don't see the benefit of TDI then don't use it. Do not know how to apply post#647 after a crossover signal then don't use this method. Not going to even try to convince you. ---- So what is the big advantage for you personally here to have that TDI showing you the cross of two lines? {image}
I appreciate your words tekkies but it has nothing to do with what i am comvinced or not. All I asked for is a simple explanation for what the TDI indicators simplifies trading.

Facts! Nothing else.

Posting a chart for the M15 where you in profit after a TDI cross just shows me you did not understand me properly.

I can also show you dozens of these crosses where it generates false signals.

If you trade every TDI cross on a M15 chart it’s just stupid. So again, where does it saves you time here?
  • #89,152
  • Edited 7:33pm Aug 4, 2018 4:50pm | Edited 7:33pm
Quoting lddd
{quote} I appreciate your words tekkies but it has nothing to do with what i am comvinced or not. All I asked for is a simple explanation for what the TDI indicators simplifies trading. Facts! Nothing else. Posting a chart for the M15 where you in profit after a TDI cross just shows me you did not understand me properly. I can also show you dozens of these crosses where it generates false signals. If you trade every TDI cross on a M15 chart it’s just stupid. So again, where does it saves you time here?
That is just it. You don't trade every TDI crossover.
- Green angle: Not between 12/2 or 4/6 stop right there and walk away.
- Don't even bother to find reasons to place a trade by trying to use post#647 or price action. Both will give the same answer: No trade.
(If that does not save time then I don't know what will and have no further answers)
- Let TDI alarm call you when it finds a other crossover.
- Only when the angle is right you go further with Post#647 (including other BigE post's)
Same reply as previously: Post 89,012. (Did you read that post? Did you understood what is posted.)
-----------------
Have you study any of BigE's post like this: Post 84,888
Did you dissected ALL of BigE's chart with post#647 like this: Post 84,947
-----------------
Iddd, what is the problem?
What is it that you are trying to find?
Are you still stuck with your viewpoint in your very first post? If so then Pipmutt remark is still valid after all those years:
"Would you like that served on a silver platter or gold leaf?"
  • #89,153
  • Aug 4, 2018 6:30pm Aug 4, 2018 6:30pm
Quoting Tekkies
{quote} That is just it. You don't trade every TDI crossover. - Green angle: Not between 12/1 or 4/6 stop right there and walk away. - Don't even bother to find reasons to place a trade by trying to use post#647 or price action. Both will give the same answer: No trade. (If that does not save time then I don't know what will and have no further answers) - Let TDI alarm call you when it finds a other crossover. - Only when the angle is right you go further with Post#647 (including other BigE post's) Same reply as previously: Post...
Ask yourself tekkies, how long has he been pi**ing about? What does that tell you? Most would have worked it out by now eh?
'in less than half an hour he made over 100 ticks'
  • #89,154
  • Aug 4, 2018 7:34pm Aug 4, 2018 7:34pm
Quoting lddd
i think there is not one person here with brain. Only idiots picking up phrases to reply with another troll comment.
Easy big guy. Watch your attitude.
  • #89,155
  • Edited 1:01am Aug 5, 2018 12:28am | Edited 1:01am
Quoting KennethYang
Hi, I'm a newbie. I have one question. How to avoid the fake like a white arrow? I don't know what no reason to... Thx. {image}

Hi Kenneth,

Maybe that 'fakey' was because it was Friday 13th.
What was on the calendar that week? Did you consider that in your trade planning.

First you should know the H4 win rate for trading H4 using the PAC based on the past 5 years data.
Buy win rate about 38%
Sell win rate about 46%

When you prepare your trade plan for Week 28 Jul 09 to 13, did you check what the market conditions were?
The past 3 weeks - Week 25 to 27 were sideways.
Under those sideways ranging conditions, you have to plan your H4 swing trades carefully because we expect the swing to run 3 to 8 candles. (Post#647).
The average weekly range is between 125 and 140 pips.

When you took that H4 PAC trade, that week already made a swing high and then swing low. Did you check the average weekly range when the swing low close near 0.7360? That PAC entry which you took was unlikely to make another lower low with the week's swing low as support. (Look Left).
That swing low was about 123 pips from the week's high. ... quite exhausted in a ranging market without big event to move it.

Simple rules:
1) Do not trade the NY Sunday candle
2) Do not trade H4 on Fridays. But trade H1 during the London - New York overlap session hours and close all trades by either London close or before NY close on Friday. But with only one exception to hold trade over the weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: KennethYang AU H4 trade comments.png Size: 574 KB


Trade plan for next week Week 32 Aug 06 to 10 is the same, catch the swings, up to the new week's high or low by following the price action.

If you pick the setup using the PAC,you must also look closely at the price momentum and what the PAC shows as the 'trend'.

If I have time next week, I will try explain with live trade examples next week.

Now it is for you to do you weekend top down analysis and update the support/resistance since we have a new MN closed. Remember the Weekly OHLC for net week's trading. Check you weekly calendar when you prepare you trade plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,156
  • Edited 12:45am Aug 5, 2018 12:29am | Edited 12:45am
CoT data... Week #31-30-29:

Attached Image (click to enlarge)
Click to Enlarge Name: cot_31-30-29.jpg Size: 1.5 MB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #89,157
  • Aug 5, 2018 4:19am Aug 5, 2018 4:19am
Quoting KennethYang
Hi, I'm a newbie. I have one question. How to avoid the fake like a white arrow? I don't know what no reason to... Thx. {image}
Did you notice the support level at 3 Jul / 7 Jul 2018?
Why do you what to sell when the angle of green is between 2/4? (Left side picture)
#270 .............. If the TDI straight green line tweaks it's angle... pay close attention... check everything... it's warning you something has changed or is about to...
#643................When checking out the TDI for a possible trade:
Think of a wall clock here and it's arms... you want to see the green line for a long trade at the 12-2 angle for best results and a short trade at a 4-6 angle... This is basic 4x stuff... Don't try to read things into the TDI just so you can get into a trade...
If the green line looks like it's at a 2-4 angle... it's weak. Pass on it.

Why do you risk an entry on bar 2 after the cross. (Bar 1 is always the best bar to enter)
#6 .................. We Enter a trade when green crosses red on the TDI at the beginning of that candle...
#307 .............. Always entering when green crosses red and only on candle 1 or two depending what the TDI shows...

(Right side picture with black arrow: Arrow show entry point)
If you did use the angle of green to enter a trade you did not follow this rule
#54................ Wait for green to CROSS RED and open your trade at the beginning of the new candle... usually candle 1 or 2
#115 ............. A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
(Always be om the look out for a bounce trade)
A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally.
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...
Attached Image (click to enlarge)
Click to Enlarge Name: entersdsd.PNG Size: 31 KB
  • #89,158
  • Aug 5, 2018 5:48am Aug 5, 2018 5:48am
Quoting emmanuel7788
{quote} Hi Kenneth, Maybe that 'fakey' was because it was Friday 13th. .
Why do you say trade A failed?
#115...........................
A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally.
#495..............
I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back.
Attached Image
  • #89,159
  • Aug 5, 2018 6:05am Aug 5, 2018 6:05am
Quoting onejester
{quote} Whatever I post will be pointless because it will be washed away with a ton of BS that follows it. In any case, you can't expect me to be serious. This is the comedy thread right? Even Emmanuel said it.
There are some very good and very nice people on this thread, always has been but they haven't seen the light.
Ardua Ad Astra Per
  • #89,160
  • Aug 5, 2018 6:11am Aug 5, 2018 6:11am
Am looking for Buy in USDCAD next week.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 24 KB
96 traders viewing now