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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #92,221
  • Oct 24, 2018 3:21am Oct 24, 2018 3:21am
Quoting Tekkies
{quote} Hi Jester Indicator Method was one of the first pdf's read. Something was not right from the word go. This would probably show how little I know. I understand that a wick: - show where price has been in the past before a bar is closed. - indicate that either sellers or buyers came in and push price back. - many wicks top or bottom indicate a change of direction is likely. Now which price action is right? - HA with "Strong Bar" / "Strong Sell" - Took the first google search web page with "forex what does a wick mean" (https://2ndskiesforex.com/trading-st...-forex-market/)...
What's not right? There are profitable examples all over the charts?

It may be an older version, but the rules are there. No angles, no top down. 1 chart and you just trade it. S i m p l e

All I can say here is what my interpretation of the pdf is. And I looked at a number of these before I posted the pdf. Users can do their own backtesting and see the possibilities for themselves. At least they have the rules in one place. I would personally take a retest of the last 3rd of that HA candle that broke the low of that MA with a stop + 10 above it.

I would keep doing that in demo until I had a month of profitability, then I would go live. If not well, you know the answer.

Here are 3 utterly simple signals
Yellow under 50
Tdi crossed
Candle closed under lower orange MA

Post results good or bad. If it doesn't work, walk away.

I can't see what more interpretation is required? A short with examples in 1 chart.

Attached Image (click to enlarge)
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Edit: Why even bother with the stochastic? It is just another distraction that is not required when using the method in the pdf
'in less than half an hour he made over 100 ticks'
  • #92,222
  • Oct 24, 2018 4:07am Oct 24, 2018 4:07am
Quoting emmanuel7788
EURJPY and GBPJPY H4 wait for H4 to close the 2AM candle (another 1 hour 5 mins)... to see if that is would be a 'reversal candle'. {image} {image}

We have reversal candles for both pairs.

Trade entry made at 2am.
Now wait for 6am to close trades.

No chart now, will post later when I get back to my trade server.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,223
  • Oct 24, 2018 5:10am Oct 24, 2018 5:10am
Quoting emmanuel7788
{quote} GBPUSD H4 update: That was tempting ... Not buying against the D1 and W1 was the correct decision. {image}
Hello emmanuel,
Can u please share the template used in this image??


Thanks.
  • #92,224
  • Oct 24, 2018 8:01am Oct 24, 2018 8:01am
Quoting samartha2
{quote} Hello emmanuel, Can u please share the template used in this image?? Thanks.
Hello samartha,

FAQs Frequently Asked Questions:

TMS Monitor

Pipware multi-charts


lookup these posts below.

Post#76,270 for the pipware tool

and

Post#193 for the TMS Monitor tool

setup your charts with those simple tools the way you want to see them and use them. save them as your own templates.

most important is you know the 5-Method and how to trade the 5-Method.

make sure you read those threads for more information how to set up the indicator (pipware) and the expert advisor(TMS Monitor).
if you have questions, post and ask in those threads and I'll try find time and help there.

Be warned: The TMS Monitor is an expert advisor and can be very CPU intensive if you select all pairs in the input parameter.
For optimum performance, I have only up to 20 pairs.
You should consider to select only the pairs you trade and input their symbol in the parameter.

Have fun and enjoy using all the TMS trading tools.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,225
  • Oct 24, 2018 8:12am Oct 24, 2018 8:12am
Quoting onejester
{quote} What's not right? There are profitable examples all over the charts? It may be an older version, but the rules are there. No angles, no top down. 1 chart and you just trade it. S i m p l e All I can say here is what my interpretation of the pdf is. And I looked at a number of these before I posted the pdf. Users can do their own backtesting and see the possibilities for themselves. At least they have the rules in one place. I would personally take a retest of the last 3rd of that HA candle that broke the low of that MA with a stop + 10 above...
The Stochastics is from Craig Harris Stochastic CHS Method. Big E blended CHS and Synergy to create his 5-Method.

According to Big E, the 5-Method we don't really need any indicators.

Quoting eelfranz
bythepound... The 5 method is my favorite because more trades come along. Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.
Below I ran a quick back-test using live data from Sep 01 to Oct 23.

Entry is PA using the HA candle and the 5SMMA PAC.
SL is previous two bars/candles low.
No breakeven move but will exit on reverse signal/setup.
TP 100 pips.

My usual MM is to allocate $5k per currency pair. Cut-loss is $2.5k (50%) i.e. if hit 50% DD the game ends.
Trade size, 1 std lot.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1 Sep 01 to Oct 24 HA PAC.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,226
  • Oct 24, 2018 8:17am Oct 24, 2018 8:17am
Quoting emmanuel7788
{quote} We have reversal candles for both pairs. Trade entry made at 2am. Now wait for 6am to close trades. No chart now, will post later when I get back to my trade server.
Trade charts.
Slow moving H4, now 6am I leave both trades running and let THV CaveManager manage these.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,227
  • Oct 24, 2018 8:26am Oct 24, 2018 8:26am
Reversal Candles

We often read Big E mentions in his posts about reversal candles and entry.

Quoting eelfranz
Take a look at the Aqua Box... We have a reversal. Under Craigs method he would have entered at the top of the 1st candle on candle #2. On candle #3 you see that the candle closed above the Synergy magenta dotted line for a confirmation. By blending both together and on a Big Number... your ready to enter. Once you see the candles rise above or brlow the magents dots you have a trade with strong momentum. Look at the other reversal areas for the same set up and pips in your pocket! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Big E reversal candle.png Size: 191 KB


If you want to learn what reversal candles are and how to spot them,

here is one post by member NeoRio in the old thread.

https://www.forexfactory.com/showthr...79#post4328179

This shouls help you pick good entries using APB/HA #1 and #2, also candle #3.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,228
  • Oct 24, 2018 8:48am Oct 24, 2018 8:48am
Quoting emmanuel7788
{quote} The Stochastics is from Craig Harris Stochastic CHS Method. Big E blended CHS and Synergy to create his 5-Method. According to Big E, the 5-Method we don't really need any indicators. {quote} Below I ran a quick back-test using live data from Sep 01 to Oct 23. Entry is PA using the HA candle and the 5SMMA PAC. SL is previous two bars/candles low. No breakeven move but will exit on reverse signal/setup. TP 100 pips. My usual MM is to allocate $5k per currency pair. Cut-loss is $2.5k (50%) i.e. if hit 50% DD the game ends. Trade size, 1 std...
Why are you always trying to change this metode Emmanuel?
STOP CHANGE THE METODE
(Please)
BigE's TMS and the TDI indicator with Stoch is working just fine.
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  • #92,229
  • Edited 9:38am Oct 24, 2018 9:17am | Edited 9:38am
Quoting emmanuel7788
1) what are you actual trading hours and can you trade the 10PM, 2AM and 6AM H4 candles like Big E did according to his local time?.
Hi.

My trading hours are Frankfurt Open to London Close. So basically the complete European Session including the first 3 hours of NY.

My broker posts H4 candles to my time at 00:00 AM, 04:00 AM, 08:00 AM, 12:00 AM, 16:00 PM, 20:00 PM, 00:00 AM ....

H4 candles i could therefor trade are: 08:00 AM (start of the day), 12:00 AM, 16:00 PM, 20:00 PM (end of the day)

----

I tried trading H4 candles a couple of weeks but could not find any personal benefits here in case of spending less time with it spotting the right signals or for better average returns (larger pip runs). So i am probably not a swing to long term trader and would like to have my trades closed by the end of the day.

According to my current account size and money/risk rules i would be more than satisfied to end my trading week on Friday with an average of 50 positive Pips booked to the account. I trade full lots and focus on the major markets doing an average of nothing below $10/Pip. So this would mean a $500/week or $2000/month.

Now the problem i have with trading M15-H1 is finding accurate entries where it´s possible to hold my SL very tight. As there is a lot of noise during these trading hours affected by many EU/US News and so on, a SL of 10 Pips is taken out in no time. With my risk/reward of at least 1:2 on average a 10 Pips Loss (-$100) would mean finding another trade good for at least 20 Pips (+$200) to compensate the last trade.

I didn´t tried any scaling techniques yet, so adding to my positions, multiple entry or partial exists. But I think this is advanced stuff i should not deal with right now. It´s probably also not necessary with my average take profit target of only 20-30 Pips per trade to "scale" anything.

Even if this means "missing out" the next great trend generating a lot of more pips. I don´t really care about missing them. I am already happy with a trade at a fixed SL/TP and risk reward of 1:2 closed positive works out for most of the time.

The problem with this in reality so far is, that a 50 Pips a week (even if it sounds like an easy job) is hard to realize on average with forex pairs which are most of the time in ranging condition instead of providing smooth trending curves of HH and HL or LH and LL´s. So i end up over trading ruining my past weeks results. Now this is a psychological aspect i will get figured out, i am pretty sure.

But having to deal with so many false signals the TDI produces on a daily base looking at M15-H1 charts is actually a real problem for me.

So hypothetical calculations like: "Trading the next 100 TDI Signals with a fixed 1:2 risk/reward ends in at least "positive" results." are not working in reality here.

Because the overall win rate here seems to be below 50%. Looking only at my last trading week i probably had to filter out 7 of 10 Signals on average which completely failed or in best case would have ended in a break even trade. Thats only a 30% success rate.

Now to "cherry pick" only these 30% for a newbie trader like me is a REAL problem. Because there are so many things you can do wrong here. For e.g you all probably noticed i constantly run into the probelematic of having the overall "market structure" not spotted correctly so i open positions in ranging areas or i am going to trade right into some S/R zone i could not see, and so on.

Now even if H4 TDI signals means a 55%-60% average success rate. First, this is still a taff challenge to filter out. And because the low amount of trades you can COUNT ON / EXPECT / CALCULATE WITH, even it it means a few more pips per trade this will not work out for me achieving a $2000/month. Or i would have to increase risk heavily or desposit another 500k to my account.

Regarding the other points and topics you suggested looking at, thanks. I will do this.
  • #92,230
  • Oct 24, 2018 10:05am Oct 24, 2018 10:05am
Quoting Tekkies
{quote} Why are you always trying to change this metode Emmanuel? STOP CHANGE THE METODE (Please) BigE's TMS and the TDI indicator with Stoch is working just fine. {image} {image}
Hello Tekkies,
what is your criteria before taking this trade?? regarding TDI lines cross and stochastic levels??
  • #92,231
  • Oct 24, 2018 12:14pm Oct 24, 2018 12:14pm
Quoting samartha2
{quote} Hello Tekkies, what is your criteria before taking this trade?? regarding TDI lines cross and stochastic levels??
Stoch is only to confirm direction.
Stoch level's is not used in this metode. (Read Spad Stoch to understand how they work)
-----
For this trade:
- Stoch M15 confirm direction
- TDI M15 green has crossed. (Notice that angle of M15 was almost at 5:30)
- Placed entery on the bar the cross has happened (bar 0) not bar 1
That alone was enough to place a trade with post#647 without even looking at H1
------
Stoch H1 is turning
- TDI angle below 5 for both charts. (Can use 4: With lot size of 10 preferred angle is 1 / 5)
- H1 must indicate that it will cross.
Level of cross for both chart is correct
Above H1 order line is a Resistance zone
Were M15 order number / line is you can see how price reacted to Resistance zone
M15 has a dojo candle
H1 was pulling back after that strong green bar.
  • #92,232
  • Oct 24, 2018 12:29pm Oct 24, 2018 12:29pm
Quoting Tekkies
{quote} Why are you always trying to change this metode Emmanuel? STOP CHANGE THE METODE (Please) BigE's TMS and the TDI indicator with Stoch is working just fine. {image} {image}
Trading 10 lots on Demo is not impressive. I can show you what I can do with a 100 lots on demo... Will blow your mind! Best thing is I wont have any actual skin in the game. C'mon man...
You will learn the most from your losing Trades
  • #92,233
  • Edited 1:05pm Oct 24, 2018 12:47pm | Edited 1:05pm
Quoting Chenzo25
{quote} Trading 10 lots on Demo is not impressive. I can show you what I can do with a 100 lots on demo... Will blow your mind! Best thing is I wont have any actual skin in the game. C'mon man...
Had this already before: Post 91,311
Smell the coffie and wake-up: Post 820
Stop drinking it make you post troll content: Post 726
  • #92,234
  • Oct 24, 2018 1:21pm Oct 24, 2018 1:21pm
Quoting Tekkies
{quote}For this trade: - Stoch M15 confirm direction - TDI M15 green has crossed. (Notice that angle of M15 was almost at 5:30) - Placed entery on the bar the cross has happened (bar 0) not bar 1 That alone was enough to place a trade with post#647 without even looking at H1
Good joke.

Entering a TDI M15 cross just because of a strong TDI green angle, post #647 and Stoch confirming without taking note of what the H1 chart looks like is no good idea.

What do you do if H1 is strong bullish but the M15 cross is telling you to go short? I see this all the time. Well probably this never happens on DE30 i guess...

You can only do this if your take profit target is a few pips only. Most currency pairs on M15 i see not even producing a 20-30 Pips run on average before they collapse in itself, pull back, hit your SL which in such cases MUST be tight otherwise you won´t have any proper risk/reward.
  • #92,235
  • Oct 24, 2018 1:46pm Oct 24, 2018 1:46pm
Quoting lddd
{quote} Good joke. Entering a TDI M15 cross just because of a strong TDI green angle, post #647 and Stoch confirming without taking note of what the H1 chart is high risk trading. What do you do if H1 is strong bullish but the M15 cross is telling you to go short? I see this all the time. Well probably this never happens on DE30 i guess... You can only do this if your take profit target is a few pips only. Most currency pairs on M15 i see not even producing a 20-30 Pips run on average before they collapse in itself, pull back, hit your SL which...
I like the way price is playing jokes. This time it was to hit SL and go triple profit direction.
--------
Emmanul gave a lecture (uncalled and not required by me) how to trade with one chart only a few page back. You should read it.
--------
Stop looking for the prefekt trend Iddd. Take what the market is prepared give to you. Even if it is only a few pips.
End of the month you will have reached your $10 000 (arrow - one day trading)
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  • #92,236
  • Oct 24, 2018 1:51pm Oct 24, 2018 1:51pm
Hi guys!

Had a long absence in fx trading, family, job, studying. Would like to start again and spotted the TDI.
Still reading posts, but I always like to test learned stuff quite quickly, becouse exercising at least I learn faster.
If I am allowed to, I would like to ask you a question regarding H1/H4.

Two charts:

First 1H - Screenshot2.png, seems like an entry to me (short)
Second 4H - Screnshot3.png, shows in the opposite direction (long)

Would you take the short or not?

Thx a lot for feedback

Cris
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot3.png Size: 221 KB
  • #92,237
  • Oct 24, 2018 2:12pm Oct 24, 2018 2:12pm
Quoting Tekkies
{quote} I like the way price is playing jokes. This time it was to hit SL and go triple profit direction. -------- Emmanul gave a lecture (uncalled and not required by me) how to trade with one chart only a few page back. You should read it. -------- Stop looking for the prefekt trend Iddd. Take what the market is prepared give to you. Even if it is only a few pips. End of the month you will have reached your $10 000 (arrow - one day trading) {image}
Well I am just confused about your statement because you always said that you are looking for M15/H1 be in balance / same direction and now it’s suddenly alright to do the opposite and only trade with one chart at a time not doing any multiple timeframe analyses before entering a trade.

I absolute agree with not trying to ride on the trend and looking for large moves, take what you get.

Secondly, again such Chart examples showing single picked winning trades won’t help anyone here Tekkies.

Better post one time for the week all your trades for the last 5 days including the ones you lost so we get the complete picture of what’s required to do and what is possible to achieve. And don’t cut out anything, post a complete trade history.

If you can do this that maybe would back your claims to be constantly profitable in trading M15/H1 TDI crossover signals.

Also think about stop posting DE30 examples, I think nobody here trades this and the strategy is about trading currencies, it’s forex factory as the name suggests it’s about trading currencies.
  • #92,238
  • Oct 24, 2018 2:30pm Oct 24, 2018 2:30pm
Quoting cris2371
Hi guys! Had a long absence in fx trading, family, job, studying. Would like to start again and spotted the TDI. Still reading posts, but I always like to test learned stuff quite quickly, becouse exercising at least I learn faster. If I am allowed to, I would like to ask you a question regarding H1/H4. Two charts: First 1H - Screenshot2.png, seems like an entry to me (short) Second 4H - Screnshot3.png, shows in the opposite direction (long) Would you take the short or not? Thx a lot for feedback Cris {image} {image}
Both chart's TDI and Stoch show the same direction or are about to go in the same direction.
Stay with the Sell order, close the buy order.
Your choice, your order's
  • #92,239
  • Oct 24, 2018 3:01pm Oct 24, 2018 3:01pm
Quoting Tekkies
{quote} Both chart's TDI and Stoch show the same direction or are about to go in the same direction. Stay with the Sell order, close the buy order. Your choice, your order's
THX Tekkies
  • #92,240
  • Edited 3:54pm Oct 24, 2018 3:40pm | Edited 3:54pm
Quoting Tekkies
{quote} Had this already before: Post 91,311 Smell the coffie and wake-up: Post 820 Stop drinking it make you post troll content: Post 726
Whatever you say Demo Trader. 10 lots is way too much for anyone on this thread... Don't be stupid

You cherry pick your green red cross trades. Why don't you show your TE for the day? ITs simple and you can show what you want.

I usually don't show my $ but an easy example would be like this. Im not killing it daily but im making enough trading part time.
Attached Image (click to enlarge)
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You will learn the most from your losing Trades
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