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Trading Made Simple

  • #89,601
  • Aug 16, 2018 10:55am Aug 16, 2018 10:55am
More simple price action without TDI

Lets look at EURCAD

A nice break of a Master Candle along to the downside with a Bearish Day trend gave the best signal of the week. It was a nice sell then PA made it clear the move had ended so I exited trade for around 105 pips.
Now after it had cleared that large Bar across the Monthly line, it's now a clear Buy signal.

So lets see where this move will go, my only real decision now is to decide on the correct money management strategy this move deserves.

You guys & gals should listen to Emmanuel more.
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Trading thin liquidity at the boundary of the charts
  • #89,602
  • Aug 16, 2018 11:03am Aug 16, 2018 11:03am
Quoting RickM
More simple price action without TDI Lets look at EURCAD A nice break of a Master Candle along to the downside with a Bearish Day trend gave the best signal of the week. It was a nice sell then PA made it clear the move had ended so I exited trade for around 105 pips. Now after it had cleared that large Bar across the Monthly line, it's now a clear Buy signal. So lets see where this move will go, my only real decision now is to decide on the correct money management strategy this move deserves. You guys & gals should listen to Emmanuel more. {image}...
@RickM

On your re-entry long, you got in right at a resistance area?!

You're thoughts please?
  • #89,603
  • Aug 16, 2018 11:16am Aug 16, 2018 11:16am
Quoting RickM
{quote} How many pips do I want to win? The real question is how many pips do you want to lose if you keep the TDI on your charts?. The problem with the TDI and any other indicator is they give so many false signals. So even thought you may win some good pips on one trade, your'e probably lose most of them with a stop loss on your next trade. How many pips do I win a Day without the TDI? Around 100 pips a day very easily on 4 out of 5 trading days using APB Bars / 5 EMA+3 and good sound PA. This week I have manged 700 pips trading EJ / GJ / GC /...
Did I miss anything?
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  • #89,604
  • Aug 16, 2018 11:36am Aug 16, 2018 11:36am
Quoting ZapPow
{quote} @RickM On your re-entry long, you got in right at a resistance area?! You're thoughts please?
Hi Zappow

Yes you are correct, there is H4 resistance around my entry point on EURCAD

However, I don't consider H4 resistance into my trade decision unless there is a TURNING POINT or REVERSAL at that zone.
If I see no PPA turning points on H4, no major resistance on DAY or Monthly Charts - I'm set to go.

After entry, I monitor the flow of higher highs and higher lows on M5 to confirm entry is still valid using the 100EMA as a support level on this time frame.
My major concern would be this is still in a Day Bearish trend and hasn't broken out of yet.
Therefore until the Day trend turns Bullish or in other words above the 10EMA, I won't trade a full Lot size but try to simply build up to a full lot with 3 trades if the market allows me to do so.
Trading thin liquidity at the boundary of the charts
  • #89,605
  • Aug 16, 2018 11:44am Aug 16, 2018 11:44am
Quoting RickM
More simple price action without TDI Lets look at EURCAD A nice break of a Master Candle along to the downside with a Bearish Day trend gave the best signal of the week. It was a nice sell then PA made it clear the move had ended so I exited trade for around 105 pips. Now after it had cleared that large Bar across the Monthly line, it's now a clear Buy signal. So lets see where this move will go, my only real decision now is to decide on the correct money management strategy this move deserves. You guys & gals should listen to Emmanuel more. {image}...
Rick
I see that you still use "Kingboxs" that you posted many post's back. You found your methode.
-----
I understand TDI and can use it.
What I don't understand is why every member is against TDI.
Why do member's always come to this thread and always post whatever they think is the right way to trade.
Why can't they just leave TDI and 5 - methode alone.
Must be because they know that the OP can not control what is posted.
(Wonder how big Davit's ignore list will grow were he the OP here)
  • #89,606
  • Aug 16, 2018 11:54am Aug 16, 2018 11:54am
Quoting Tekkies
{quote} Did I miss anything? {image}
Well he is right about the amount of false signals.

That one chart where price is doing smooth moves and TDI signals will work out is rare to find.

Just go through more charts. This week for example you would have a hard time finding any chart not showing min. 50% false signals.

Thats ok if you just focus on one pair and skip trading compeletely until it cleans up but if you don’t want to spend your time with overanalysing things and „keep it simple“ you have a problem.
  • #89,607
  • Aug 16, 2018 12:10pm Aug 16, 2018 12:10pm
Quoting lddd
{quote} Well he is right about the amount of false signals. That one chart where price is doing smooth moves and TDI signals will work out is rare to find. Just go through more charts. This week for example you would have a hard time finding any chart not showing min. 50% false signals. Thats ok if you just focus on one pair and skip trading compeletely until it cleans up but if you don’t want to spend your time with overanalysing things and „keep it simple“ you have a seriously problem by so many false signals or signals not even played out for...
True, fliter the trade.
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  • #89,608
  • Aug 16, 2018 12:27pm Aug 16, 2018 12:27pm
Quoting RickM
More simple price action without TDI Lets look at EURCAD A nice break of a Master Candle along to the downside with a Bearish Day trend gave the best signal of the week. It was a nice sell then PA made it clear the move had ended so I exited trade for around 105 pips. Now after it had cleared that large Bar across the Monthly line, it's now a clear Buy signal. So lets see where this move will go, my only real decision now is to decide on the correct money management strategy this move deserves. You guys & gals should listen to Emmanuel more. {image}...
Do you mind sharing the indie and template?
Building a Freedom All Time Return: 5,178.8%
  • #89,609
  • Aug 16, 2018 3:25pm Aug 16, 2018 3:25pm
Quoting kain775
@emmanuel, @tekkies The more and more I read this thread, the more and more it reminds me of some Wildlife Documentary Big E .. The Big Alpha male, rules the roost. Old and experienced with many 1000's of hours under his belt, He is greatly respected. It's HIS way or the HIGH way. Those not willing to conform are swiftly dealt with. There is order. There is balance. A few years into his reign tragedy strikes and eelfranz dies from an age related illness. Everyone is upset and mourns the loss of a great individual. But amidst the sadness...

In the next episode "What happens during mating season" seriously though is the thread about trading or ego's?
  • #89,610
  • Aug 16, 2018 3:41pm Aug 16, 2018 3:41pm
Markets started to move better after Tuesday. Markets behave differently this time of the year. Trade safe.
  • #89,611
  • Aug 16, 2018 3:46pm Aug 16, 2018 3:46pm
Its about 1 saying tms is a profitable system just taking green crosses red trades the other figured out it's not that. Here's a question if big e was a newbie in 2008 how did he become a pro by 2011? TMS what a joke
  • #89,612
  • Edited 4:36pm Aug 16, 2018 3:56pm | Edited 4:36pm
Quoting kain775
@emmanuel, @tekkies The more and more I read this thread, the more and more it reminds me of some Wildlife Documentary Big E .. The Big Alpha male, rules the roost. Old and experienced with many 1000's of hours under his belt, He is greatly respected. It's HIS way or the HIGH way. Those not willing to conform are swiftly dealt with. There is order. There is balance. A few years into his reign tragedy strikes and eelfranz dies from an age related illness. Everyone is upset and mourns the loss of a great individual. But amidst the sadness...

Love it.
Imagine how small this thread will be without all those fight's, and none related TMS / TDI posts.
What a joy would that be. Chart's the same, entry's / exit more or less the same. That way TMS would have been tested a long time ago. Now those that did manage to use TDI don't post because the backlash is a photo of a man sitting on air and barrage of insults.
-----
Take note: Every time a member speak his mind what get posted.

Edit: Above post is a good example. Why would a member post something like that? Does he know how long BigE has been trading the Stock Market before he discovered Forex?
  • #89,613
  • Aug 16, 2018 4:32pm Aug 16, 2018 4:32pm
Quoting whitesta
Markets started to move better after Tuesday. Markets behave differently this time of the year. Trade safe.
Hi
Why do you say that? Asking because knowing the reason will help me more to place a better trade. Even if TDI or price action say place a trade now that unknowing "differently" can become a costly mistake.
  • #89,614
  • Aug 16, 2018 5:34pm Aug 16, 2018 5:34pm
Tekkies is the best TMS trader.
Toxic Flow for FX Brokers.
  • #89,615
  • Aug 16, 2018 5:45pm Aug 16, 2018 5:45pm
Quoting Tekkies
{quote} Rick I see that you still use "Kingboxs" that you posted many post's back. You found your methode. ----- I understand TDI and can use it. What I don't understand is why every member is against TDI. Why do member's always come to this thread and always post whatever they think is the right way to trade. Why can't they just leave TDI and 5 - methode alone. Must be because they know that the OP can not control what is posted. (Wonder how big Davit's ignore list will grow were he the OP here)
Well the forums Moderators could easily solve this by locking the topic.

This would have 3 effects

A) A homeless Emmanuel
B) Decreasing Traffic (less people getting totally confused > longer visit times > more money to the forum)
C) Members would complain to get other topics locked that way and much more.

So, you are right. Buts this topic has
obviously became a wonderful place for the trolls to gain attraction.

Its simple:

1.) Every strategy / system / indicator is only as good as the trader looking at it
2.) Most of them do work but only if trading it during the proper market condition (that where already a lot of people fail including me)
3.) Proper money management, so even if you have a bad win rate like 7 losers and 3 winners. Make sure to let winners run and cut losers short (2:1, 3:1...)

Now, that is obviously to easy to become a profitable trader so peope here start over analyzing every little poop why or why not a entry/exit would be a good idea or not, bla bla bla) instead of trying to stick to these 3 things.
  • #89,616
  • Aug 16, 2018 5:52pm Aug 16, 2018 5:52pm
Quoting emmanuel7788
MARKET TYPE USDCAD Week 33 Aug 13 to 17 Trade Plan Look at this Weekly chart below. If you have doen your weekend top down analysis, it take only 5 mins to see the market condition and prepare you trade plan. Market Type of Ranging but to the Upside. 1) you can easily see the Low - High, Higher Low, Higher High, .... 2) you can see the Weekly Bullish Engulfing Outside Bar close. this is a common reversal pattern. ...small, candle and big candle (Post#647) decision for this week trading is BUY bias. {image} Learn how to identify the Market Types....
USDCAD Aug 17 SYD H4

If you have in your trade plan to trade this pair, then it would be easy to look for a new trade today.

But its Friday...

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the RSI only calculate based on closed price and it shows recent period price momentum.
.....

Have fun trading folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,617
  • Aug 16, 2018 6:03pm Aug 16, 2018 6:03pm
Quoting whitesta
Markets started to move better after Tuesday. Markets behave differently this time of the year. Trade safe.
FOREX VOLATILITY

Statistically, of all the 8 pairs Big E traded,

Mondays are usually lower volatility.

August month has another different story. It easy to analyse by simple study of all the MN candles for the past years e.g. from 1995 till 2017.

https://www.mataf.net/en/forex/tools/volatility

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,618
  • Aug 16, 2018 6:24pm Aug 16, 2018 6:24pm
Quoting lddd
{quote} Well he is right about the amount of false signals. That one chart where price is doing smooth moves and TDI signals will work out is rare to find. Just go through more charts. This week for example you would have a hard time finding any chart not showing min. 50% false signals. Thats ok if you just focus on one pair and skip trading compeletely until it cleans up but if you don’t want to spend your time with overanalysing things and „keep it simple“ you have a problem.
About TDI FALSE SIGNALS

Big E had a simple solution to solve your false signals belief.

1) stop believing that there are false signals.

Read, study all his posts in this thread. Only 463 posts to read, study and take notes. This is the way to learn and you will eventually understand why his belief that there are no such thing as false signals. Learn and learn to trade like Big E. He knows when and where to trade by picking only the best setups. Its also known as A+++ trade setups which requires 10 skills set.

Since you claimed to have more than 9 years trading experience, below Option 3 should work for you.


----------------------------------------------------------------

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 4481 pages (89,617 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.

Big E was a discretionary rule based trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,619
  • Aug 16, 2018 6:27pm Aug 16, 2018 6:27pm
Explain this contradiction discretionary but rule based?
  • #89,620
  • Aug 16, 2018 6:30pm Aug 16, 2018 6:30pm
Quoting RickM
More simple price action without TDI Lets look at EURCAD A nice break of a Master Candle along to the downside with a Bearish Day trend gave the best signal of the week. It was a nice sell then PA made it clear the move had ended so I exited trade for around 105 pips. Now after it had cleared that large Bar across the Monthly line, it's now a clear Buy signal. So lets see where this move will go, my only real decision now is to decide on the correct money management strategy this move deserves. You guys & gals should listen to Emmanuel more. {image}...

It was easy to make 1,000 pips with that down move of 350pips during the first 10 trading days of August.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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