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Trading Made Simple

  • #92,621
  • Dec 19, 2018 7:07pm Dec 19, 2018 7:07pm
Big E told people to use price action with this system. I think a huge problem for most beginners are they do not fully understand all the aspects of price action. This system makes trading easier on the psychological level because of the heiken ashi candles and the tdi crosses. Use it with price action and you are golden.
Make it as perfect as you can....
  • #92,622
  • Dec 20, 2018 1:41am Dec 20, 2018 1:41am
Quoting Roni26
{quote} Hi Tekkis- its been awhile since my last pos so just checking in with you- hope all is well. I've seen my account grow to nearly double and in the last week it has nearly gone down to what I started with. Im not sure if its greed or if im just taking trades that are not 100 percent correct as per your system and Big E's. Below I have posted a trade I took today (without setting a trailing stop) that did not hit my TP and actually went against me- I am baffled because there was no near support levels and angle was very sharp 5-6. Any thoughts...
Roni
Again can not give you accurate advice because I don't trade H1/H4, neither do I use HA candle
Please consider this as pointers
- Just you that is ignoring the rules of post#647 and other posts from BigE.
GBPUSD H1
- Why did you enter a sell trade 9 bars after TDI crossover?
- Long red wicks at the bottom of bars show buyers are coming in
- If you did enter on the green bounce red (there are two bounce) why did you wait 3 or 1 bar to enter.
- Right on top of support.
Attached Image

GBPUSD H4 - I see nothing wrong with that entry. Would prefer to enter at the beginning of that bar and move SL to break even.
Now combine the two chart's (side by side)
- Did you convince yourself that all four indicators (TDI,Stoch) green were pointing in the same direction?
- Was both TDI green angle below 4 or 5?
- What is the short and long term trend on both charts?
- Did the short term H1 agree with H4 short term
- Did both stoch confirm direction
- Where was S/R level when you entered on both chart's (Did you look left?)
Look how TDI is crossing over on both chart's indicate that something is making the traders restless and unsure. Did you taken in consideration that there is a vote of no confidence against Miss May and Britain is going to vote on BREXIT, Do you really want to trade a unsure market.
Attached Image (click to enlarge)
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Quoting Roni26
Another losing trade- Im beginning to lose my stride... Entry on the red line,, H4 cross up first good angle.. h1 showed bounce up which is when I entered, this is Tekkies method. Now it is not looking so good. Some resistance above entry but the bounce was off a major h4 support area. Tekkies? Anyone else want to chip in? {image} {image}
Not my method. I use M15H1 not H1/H4
  • #92,623
  • Dec 20, 2018 4:32am Dec 20, 2018 4:32am
Just started live trading today. Only small micro account £100.00 so playing pennies :-)

I started very soon, only after a month on demo, in my opinion demo is important to check strategies but wont teach you the discipline which In most of successful traders opinion is one of the major things to master in order to become profitable.

I can see already a difference. On demo was playing whole lots and not caring about it. Now I risk £1.00 and I keep checking charts every 5 minutes :-) - playing on H4 charts.

I have noticed if I get the strong and clear signal on TDI and everything else is ok (SR lines etc) I will always hit 10 pips, at least that was demo.

My first trade today live was very similar. I took 20 pips after 16 min in trade.

Later on this day I took another 3 trades (hoping on dollar further weakening and having strong Signal on TDI on 2nd candles - H$)
Situation repeated itself within 30 minutes I could close all 3 with 30 pips profit in total. I didn't instead I let it run.

Now all 3 are going against me and I start doubting the decisions to take them in a first place.

I am still battling myself - why taking 10 pip profit would be such a wrong thing to do. Is it really that bad.

Perhaps I need to be stronger and let them run ?

What is your opinion ?
  • #92,624
  • Dec 20, 2018 5:31am Dec 20, 2018 5:31am
hey forbas

im new to trading too
I lost overall 40k+ euros so far due to mistakes.

my advice to you is that don't be pressured by your broker into putting more money into the account, otherwise you will loose more than you put in, 70% of people loose money in trading.

also make sure that your trading company broker is regulated and test out if you can withdraw the money, because if you can't withdraw the money at first then there's no point.

and before you make any bigger positions, keep doing very small ones, even a 10-20 pips difference is goo profit but just check that your broker dont charge commission for every order you make.
  • #92,625
  • Dec 20, 2018 5:59am Dec 20, 2018 5:59am
Quoting Forbas
...................why taking 10 pip profit would be such a wrong thing to do. Is it really that bad. ...............
No, it is not that bad.
In fact, it is better then good.
It is loading that wheelbarrow with pips. You can always enter a other trade that would or could run the full trend.
"Cut losses, let profit run" is misleading. You trade with the rules of the method you use, not what every "guru or webpage" proclaim.
Next time when the trade is in profit try and use the exit rule:
Restudy and practise Post#6
----------------
From this post:Post 4 ( read the rest of his posting, you will read about yourself and chart watching)
- Once I know what TDI is telling me, TMS truly becomes simple.
- I can finally look at TDI first before anything else, the way Big E wanted it to be.
- I can flip through my chart and identify a good cross at glance.
- If TDI doesn't look good, there's no need to do anything further.
....................
- Do note that I don't go for big move.
- I want to capture a bit of momentum, that's all.
- Which is what TDI is telling me - momentum.
-------------------------------
What is momentum? The angle green
  • #92,626
  • Dec 20, 2018 7:40am Dec 20, 2018 7:40am
Quoting Ardian0121
hey forbas im new to trading too I lost overall 40k+ euros so far due to mistakes. my advice to you is that don't be pressured by your broker into putting more money into the account, otherwise you will loose more than you put in, 70% of people loose money in trading. also make sure that your trading company broker is regulated and test out if you can withdraw the money, because if you can't withdraw the money at first then there's no point. and before you make any bigger positions, keep doing very small ones, even a 10-20 pips difference is goo...
Hi

Oh man 40k Euro - this is a lot of money. At least for me.

Since I live in UK my broker is FCA regulated. Friend of mine recommended FXpro - there is no commission and spread on major and minor pairs is reasonable - at least that is what I can say.

I am not intending to do big positions as I know I would not be able to cope with them mentally :-) I need to train myself to see big losses and not press cancel button to realize 30 minutes later I would be in profit. I am pretty sure if I started now with 10-50k account I would blow it due to lack of experience with big numbers.

As soon as I make or loose money I will test the withdrawing process - but I suspect they wont make me troubles with small amounts.

Thanks for the good TIPS Ardian.
  • #92,627
  • Dec 20, 2018 7:47am Dec 20, 2018 7:47am
Quoting Tekkies
{quote} No, it is not that bad. In fact..................
Thanks Tekkies

I am reading the old posts. I am at the page 200 now. Things start to repeating now. But I am pretty stubborn and will read this to the end. I see it as travel in time how the method was evolving/changing (or not) and how people were doing back then and now.

I try to stick to the simple rules but sometimes things go against us despite "Great Signal" thats where the practice and exprience kicks in. You need to "feel it" hence me playing with small account :-) I believe I would not learn it on Demo :-)

I noticed few mistakes today - I had 5 positions opened. I should really stopped at no 1 when I was 24pips in profit. Instead I opened few more and things went not so great.

On the end finished with 0.3% gain for today so not bad as for 1st day live :-) I think. I know it means nothing :-)

Ps. Please excuse a lot of OFF TOPIC. I promise I stick to the main thread subject now.

Happy Pips people.
  • #92,628
  • Dec 20, 2018 7:57am Dec 20, 2018 7:57am
Quoting Tekkies
{quote}t:Post 4 ( read the rest of his posting, you will read about yourself and chart watching) -
He is referring to a video but the link from that post does not work anymore. Anyone know which video he was talking about. I am sure it is still somewhere out there.
  • #92,629
  • Dec 20, 2018 10:26am Dec 20, 2018 10:26am
Quoting Tekkies
{quote} Roni Again can not give you accurate advice because I don't trade H1/H4, neither do I use HA candle Please consider this as pointers - Just you that is ignoring the rules of post#647 and other posts from BigE. GBPUSD H1 - Why did you enter a sell trade 9 bars after TDI crossover? - Long red wicks at the bottom of bars show buyers are coming in - If you did enter on the green bounce red (there are two bounce) why did you wait 3 or 1 bar to enter. - Right on top of support. {image} GBPUSD H4 - I see nothing wrong with that entry. Would prefer...

This was not entered on the intial H4 Cross but i found a bounce entry later into the trade and took that on the H1 chart, a valid entry by the rules of Big E. Both stoch and tdi confirmed.
  • #92,630
  • Dec 20, 2018 10:33am Dec 20, 2018 10:33am
Quoting Tekkies
{quote} Roni Again can not give you accurate advice because I don't trade H1/H4, neither do I use HA candle Please consider this as pointers - Just you that is ignoring the rules of post#647 and other posts from BigE. GBPUSD H1 - Why did you enter a sell trade 9 bars after TDI crossover? - Long red wicks at the bottom of bars show buyers are coming in - If you did enter on the green bounce red (there are two bounce) why did you wait 3 or 1 bar to enter. - Right on top of support. {image} GBPUSD H4 - I see nothing wrong with that entry. Would prefer...

1. All four indicators on both H1 and H4 did confirm the direction of the trade which was the bounce sell order (if you go back to my original post you can see both H1 and H4 charts were posted to indicate this.

2. Both Tdi angles were below4 and pointing towards 5.

3.In regards to support and resistance area's- there was no clear support underneath- I've seen Big E screenshot many charts where support levels were looming below and above and he entered- but then emphasis is placed to check for support and resistance zones that are everywhere on the charts if you look carefully. Doesn't make sense?

I have been trading this method for about 2 months but and although initially I have had a few profitable runs I am beginning to think that this system, like many others, is not really that profitable long term. This system, although fruitful at times, can be down to sheer luck sometimes like many others out there.

I will be posting some screenshots from Big E's charts where support and resistance was near trades he entered yet thread pushes the idea to do all these support and resistance and PA checks. Confusing for the novices out there.

Regards,
Roni
  • #92,631
  • Dec 20, 2018 11:44am Dec 20, 2018 11:44am
I have red entire direwolf thread,
for the first time I understood how to read the TDI. I think I will also implement TMA into my charts and start playing bounces or crossovers of the middle lane.

I will also add another check for entry signal. The line up of green red AND YELLOW lines on TDI indicator. It looks like almost always when they line properly and follow same angle and direction the trade would have been really good. I am going not going back to demo I will test it on my live micro account.

The TMA gices also an idea where to place the TP. SL will be always above/below the entry candle.

Thanks Tekkie for directing me to this :-)

Ps. Direwolf actually changed the system. I believe he was not happy with R:R
  • #92,632
  • Edited 2:00pm Dec 20, 2018 1:42pm | Edited 2:00pm
Quoting philstodd
Hello all it's been a while since I last posted. I been trying to perfect Big E's trading made simple. I've been up and down with his system but it is getting near perfect with a few adjustments. I've noticed the 13 RSI period which is set to default should be changed to 8 in the TDI settings. You are able to see better angles with this setting. Also I been using 50 and 100 EMA's in place of the 5 ema. The flat (non trading zones) are shown a lot clearer I think. I trade mainly in the direction of the trend (above or below those ema's) but I will...
Hey @Philstodd - hope things are well. I have been watching this thread for a few months, but i have had no success. If i could narrow down the problem i don't think it has anything to do with the TMS, as enough traders have made it work. I think to your point, as my experience level is not significant (~ 6 months), i'm likely not being able to see the impact of PA before entering. Its even more de-motivating when others are getting > 60-70%, and the OP was talking about > 80% success.

I saw your post above - and i can see it made some more of the PA analysis was made easier especially the EMAs. I would like to post trades and ask for a review from people who are succesfully trading this.

Before i post charts -
I'm trading from Australia (but i will only post after LO), using the MT4 trading platform. I would like to trade the 1HR, i went through the posts - traders were having success - is this still the case? can somebody recommend a timeframe?

Thanks
  • #92,633
  • Dec 20, 2018 3:11pm Dec 20, 2018 3:11pm
Charts that Big E posted with live trades taken... Check support and resistance before trading? Hmmmm.

Just my two cents.
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  • #92,634
  • Dec 20, 2018 5:34pm Dec 20, 2018 5:34pm
Quoting Roni26
Charts that Big E posted with live trades taken... Check support and resistance before trading? Hmmmm. Just my two cents. {image} {image} {image}
Makes sense - what i understand so far is - prior to trading work out the direction in which you want to trade (based on the EMA) and an support / resistance near by.

I'll avoid trying to pick reversals of support / resistance on the first attempt, and only take the ones with trend as these seem probable. Would you agree?
  • #92,635
  • Dec 20, 2018 9:21pm Dec 20, 2018 9:21pm
Quoting Roni26
{quote} 1. All four indicators on both H1 and H4 did confirm the direction of the trade which was the bounce sell order (if you go back to my original post you can see both H1 and H4 charts were posted to indicate this. 2. Both Tdi angles were below4 and pointing towards 5. 3.In regards to support and resistance area's- there was no clear support underneath- I've seen Big E screenshot many charts where support levels were looming below and above and he entered- but then emphasis is placed to check for support and resistance zones that are everywhere...
How many times must I post I can not help you when you trade with H1H4.
Roni, BigE has put in 10 000 hours, it took me four years to get where I am now and you are only two month's into this method. Well you will not the first member to blame this method for the mistakes that is made.
You have not answered:
- why you have placed a trade 9 bar's after the crossover. (H1)
- why you have ignored the long red wick's at bottom of red candles (H1)
- why you have waited 3 / 1 bar to enter after the bounce (H1)
- philstodd posted that you do not allow your trades to "breath" Post 92,617
So why did you close the trade after one bar (H1). To big lot size? To small account? To high leverage? To much fear? To tight stop loss?
- Members posted that you placed a trade against Support and yet you maintain there is none (H4).
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  • #92,636
  • Dec 20, 2018 9:51pm Dec 20, 2018 9:51pm
Quoting AkronD
{quote} Hey @Philstodd - hope things are well. I have been watching this thread for a few months, but i have had no success. If i could narrow down the problem i don't think it has anything to do with the TMS, as enough traders have made it work. I think to your point, as my experience level is not significant (~ 6 months), i'm likely not being able to see the impact of PA before entering. Its even more de-motivating when others are getting > 60-70%, and the OP was talking about > 80% success. I saw your post above - and i can see it made some more...
AkronD I would really like to see these trades you are losing on so I can help you. I trade mainly 1 and 4 hour charts because of the pip drawdowns I have to take to wait for profit sometimes. Daily is too large for me but I use the daily timeframes to factor in levels with price action. Maybe on the weekends I will start posting pictures and full descriptions of my trades and why I took them. I think Big E was going on the notion people would fully understand price action when trading this method. That may be why he never really went into big full detailed descriptions of why he took the tdi cross trades. he would just post his entries for the most part.
Make it as perfect as you can....
  • #92,637
  • Dec 20, 2018 10:26pm Dec 20, 2018 10:26pm
Quoting Forbas
I have red entire direwolf thread, for the first time I understood how to read the TDI. I think I will also implement TMA into my charts and start playing bounces or crossovers of the middle lane. I will also add another check for entry signal. The line up of green red AND YELLOW lines on TDI indicator. It looks like almost always when they line properly and follow same angle and direction the trade would have been really good. I am going not going back to demo I will test it on my live micro account. The TMA gices also an idea where to place the...
Direwolf (TMA) and Emmanuel(Synergy Pro APB) both overly the Bar Chart(Alt +1) which did not work for me. Found that it musked what is really going on the chart. Direwolf fine tuned TMS to his understanding. Emmanuel to what he is using. Me to what I am using. (To many to mention like snarlyjack which removed Stoch Post 202)
Live trading is always the best policy to learn a method, although it can be expensive. Now start a journal of your trade results. What worked and did not worked. What was the reason that trade ended in profit and that trade in a loss. It will take a long time, don't expect to hit the ground running at full speed. The market will do it utmost best to discourage you. For when you use the same set of entry rules of a previous successful trade it will show you exactly why it did not work the second time around.

Forbas, that may happen for a long time but slowly there will emerge a pattern that you will recognize which will become your "AHA" moment.
  • #92,638
  • Dec 20, 2018 10:36pm Dec 20, 2018 10:36pm
Quoting Tekkies
{quote} No, it is not that bad. In fact, it is better then good. It is loading that wheelbarrow with pips. You can always enter a other trade that would or could run the full trend. "Cut losses, let profit run" is misleading. You trade with the rules of the method you use, not what every "guru or webpage" proclaim. Next time when the trade is in profit try and use the exit rule: Restudy and practise Post#6 ---------------- From this post:Post 4 ( read the rest of his...
Thanks Tekkies for the reference to Post 4 - that is excellent reading.
  • #92,639
  • Dec 20, 2018 10:37pm Dec 20, 2018 10:37pm
HEY
SELL
we have strong resistant
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  • #92,640
  • Dec 20, 2018 10:47pm Dec 20, 2018 10:47pm
Quoting philstodd
{quote} AkronD I would really like to see these trades you are losing on so I can help you. I trade mainly 1 and 4 hour charts because of the pip drawdowns I have to take to wait for profit sometimes. Daily is too large for me but I use the daily timeframes to factor in levels with price action. Maybe on the weekends I will start posting pictures and full descriptions of my trades and why I took them. I think Big E was going on the notion people would fully understand price action when trading this method. That may be why he never really went into...
Yes you are right. BigE made the assumption that a member should know the basic Forex principle. Post 8,282, Post 7,577
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