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Trading Made Simple

  • #92,881
  • Jan 7, 2019 8:22am Jan 7, 2019 8:22am
Quoting Petru00
{quote} I agree with you emmanuel in this "fight", TDI is not the edge, price action is. TDI goes flat if the current close<previous close and vicerversa if you are short. It is just a mathematical indicator not a magic indicator, TDI just copies the price. Maybe someone should just open a demo account and trade only TSM for few weeks, everything transparent on this forum with fxbook and with big E rules, i think that's the only way to know if price action is an important factor or not. Petru
There's another factor. Emotion. Two traders using TMS and having their results on FXBOOK would have different results. One may hold on to a loosing position because of greed thinking that "soon it will turn around". Another might close a winning position too early and leave $ on the table because of fear it may turn against him. Once Fear and Greed kick in, all the rules are forgotten in the moment. For example, Red news (ISM Non-Manufacturing PMI) is coming out next hour and i could imagine how many traders are going to try and chase that spike in price only to see it reverse against them because of profit taking etc.
Play the hand you were dealt.
  • #92,882
  • Edited 8:49am Jan 7, 2019 8:24am | Edited 8:49am
Hi Tekkies

My name is Brendon White and I'm also a South African and I've been trading for a few years. I would really love to chat to you if it's possible as you are strongly involved in all the threads I read on a regular basis and I think you could be a great person to help me enhance my trading and answer some questions I have. If you could make contact with me I would greatly appreciate it.

I'm not sure if i'm aloud to leave my email address but here it is { email address deleted by staff } .
If I never try I will never know

Look forward to your response
  • #92,883
  • Jan 7, 2019 8:30am Jan 7, 2019 8:30am
Quoting forexstanley
@Tekkies, Do you normally do day-trade or swing-trade?
Neither Stanley.
I trade the TDI crossover or the bounce. it is all about the angle of TDI green. In short the M15 TDI cross indicate a possible trade.
- M15 has a crossover
- H1 TDI green must (be close to crossover by itself) confirm direction. (Today nice bounce)
- Both Stoch to confirm direction.
Post#647 with S/R must confirm the entry.
Some days there are many crossover's but like today H1 has only confirm one crossover. Look how bad the other M15 crossover's are
Attached Image (click to enlarge)
Click to Enlarge Name: flate.PNG Size: 207 KB
  • #92,884
  • Jan 7, 2019 8:44am Jan 7, 2019 8:44am
Quoting Tekkies
{quote} Neither Stanley. I trade the TDI crossover or the bounce. it is all about the angle of TDI green. In short the M15 TDI cross indicate a possible trade. - M15 has a crossover - H1 TDI green must (be close to crossover by itself) confirm direction. (Today nice bounce) - Both Stoch to confirm direction. Post#647 with S/R must confirm the entry. Some days there are many crossover's but like today H1 has only confirm one crossover. Look how bad the other M15 crossover's are {image}

The H1 candle was not closed. Has TDI already shown the direction?
  • #92,885
  • Jan 7, 2019 8:48am Jan 7, 2019 8:48am
Quoting Tekkies
{quote} Neither Stanley. I trade the TDI crossover or the bounce. it is all about the angle of TDI green. In short the M15 TDI cross indicate a possible trade. - M15 has a crossover - H1 TDI green must (be close to crossover by itself) confirm direction. (Today nice bounce) - Both Stoch to confirm direction. Post#647 with S/R must confirm the entry. Some days there are many crossover's but like today H1 has only confirm one crossover. Look how bad the other M15 crossover's are {image}
I'm actually devoting all my time into full-time trading. Based on your personal experience, do you think I could trade M15 with the TDI strategy?
  • #92,886
  • Jan 7, 2019 9:02am Jan 7, 2019 9:02am
Quoting Maule
{quote} There's another factor. Emotion. Two traders using TMS and having their results on FXBOOK would have different results. One may hold on to a loosing position because of greed thinking that "soon it will turn around". Another might close a winning position too early and leave $ on the table because of fear it may turn against him. Once Fear and Greed kick in, all the rules are forgotten in the moment. For example, Red news (ISM Non-Manufacturing PMI) is coming out next hour and i could imagine how many traders are going to try and chase that...
I never traded TMS, i just enjoy reading trading systems in my free time but from what i know this system has clear entry and exit rules, there is no place for emotions. You go in and go out following the system, it is not something subjective.

I think emotions in trading are there just because of subjectivity, with a mechanical system such as TMS there is no subjectivity.

Petru
  • #92,887
  • Jan 7, 2019 10:46am Jan 7, 2019 10:46am
Quoting AutoRider
Hi, Trading is simple me becouse of this EA . it seems to be good.When flash crash event that ea had face very well .All of you can test. https://t.me/tdalgo using this chanel you see the Live trade notification place by the EA {file} {file} {image}
Hi ,

https://t.me/tdalgo using this chanel you see the Live trade notification place by the EA ( post 92827)
  • #92,888
  • Edited 12:23pm Jan 7, 2019 11:46am | Edited 12:23pm
Quoting forexstanley
{quote} I'm actually devoting all my time into full-time trading. Based on your personal experience, do you think I could trade M15 with the TDI strategy?
NO.
It is possible. M15 can be profitable "but" spread and market noise will be against you.
You good at scalping then M15 can work for you. Post 1,042 (use google translate)

Looking at chart posted below. Six M15 crossover in consolidation is not good.
M15 with H1 only increase a better possibility of a good trade. If the combination is good (depending on the angle of M15 / H1 TDI green) the trade can be kept open until H1 goes flat or even taken up to the H4 or D1 time frame.
Look at the trade last pink trend line. See how H1 prevented M15 from giving you 12 false crossover's.

A stupid remark about late entry's has been made. So what.
I would rather be late with a entry and be sure it is the right entry then be over eager and hast-full with a resulting negative trade that cost me some profit.

(The reason is that M15 and H1 setup occurred at 2019.01.07 01:00 (second prienk line) That time is sleeping time in South Africa. Not that desperate to be in the market. Entered the market with my rules and still made a profit and beside that you can always enter the market if you have missed a trade . (You not part of the popcorn fight - it only show how vindictive and misleading some members can be.)

It is not what you trade, it is how you trade.
Attached Image (click to enlarge)
Click to Enlarge Name: keepit.PNG Size: 84 KB

Edit: Take note of the 10.00 lot size entry. That one trade made enough profit allowing me to stay inside the 2% limit of the account balance and increase lot size by 2.00. Tomorrow it might be back to 0.10. Changing lot size has nothing to do about being consistent profitable. In fact it only increase the probability to be consistent profitable. Only a fool will trade with fix lot size.
After all when you have a string of losing trades and the account balance goes down you have to lower the lot size and account leverage. When account goes up you can increase lot size. Will think long and hard before changing account leverage. That is how I understand money management.
  • #92,889
  • Jan 7, 2019 12:42pm Jan 7, 2019 12:42pm
Quoting sajmon
{quote} The H1 candle was not closed. Has TDI already shown the direction?
Yes and No
Look where is M15 TDI green. Right down below the 32 line. Look how the candle's are. Same size = small and two big same size candles. M15 is making his own small Resistance zone.
Look at H1 green, it is starting to tweak. Is it at the end of the down trend?. Is it starting to encounter the same Resistance zone that is keeping M15 from going more down? H1 Stoch is also not happy.
Would say it is about time to close trade and take profit.
  • #92,890
  • Jan 7, 2019 2:10pm Jan 7, 2019 2:10pm
Quoting Tekkies
{quote} Yes and No Look where is M15 TDI green. Right down below the 32 line. Look how the candle's are. Same size = small and two big same size candles. M15 is making his own small Resistance zone. Look at H1 green, it is starting to tweak. Is it at the end of the down trend?. Is it starting to encounter the same Resistance zone that is keeping M15 from going more down? H1 Stoch is also not happy. Would say it is about time to close trade and take profit.
Dear Tekkies,

Please help to understand. Please guide one system which I can learn and test and trade. Whole tread is very confusing. Looking support from you.

Thanks
  • #92,891
  • Jan 7, 2019 5:26pm Jan 7, 2019 5:26pm
Quoting forexstanley
{quote} I'm actually devoting all my time into full-time trading. Based on your personal experience, do you think I could trade M15 with the TDI strategy?

@forexstanley,

If you want to trade M15 with the TDI, then there is the M15 thread by LE1.

The OP of this thread did not recommend anyone trade any timeframe below H1.

He only traded H4 most of the time and I know he was profitable they way he traded.

Here is the link:
https://www.forexfactory.com/showthread.php?t=345586
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,892
  • Jan 7, 2019 5:32pm Jan 7, 2019 5:32pm
Quoting sajmon
{quote} The H1 candle was not closed. Has TDI already shown the direction?

@sajmon,

Your observation is correct.

Different TDI versions and different settings will show differently.

Below is the DE30 H1 comparing two different versions of the TDI captured in live market conditions.

You need to know which version to use and write your own trading rules.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 H1 Jan 07 08-01-2019 07-30-04.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,893
  • Edited 6:21pm Jan 7, 2019 5:42pm | Edited 6:21pm
Quoting Mint-V
{quote} Dear Tekkies, Please help to understand. Please guide one system which I can learn and test and trade. Whole tread is very confusing. Looking support from you. Thanks
Quoting Mint-V
@emmanuel7788, Please guide what method is evolved by all of you through your rich experiences. The method which gives better results. thanks,
@Mint-V,

Introduction to Trading Made System

You don't need to read all 4645 pages 92890 posts. You will get information overload and you will give up.

To learn what Trading Made Simple is, you have to follow the trading journey of the OP eelfranz aka Big E. He started as a newbie in 2008. Know the history and you will learn a lot from the OP and you can then move on and develop your own trading system following how he did his.

try this,

Here is a quick introduction to this Trading Made Simple thread:
Trading Made Simple for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110

Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,

After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432

In Post#1, he explained how he traded the H4 chart timeframe and he also traded the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template Post#25
If you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHS thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new system.

Recommendations:
Read all of Big E posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.

Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.

Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

Enjoy and Have fun during your learn to trade journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,894
  • Jan 7, 2019 5:47pm Jan 7, 2019 5:47pm
Quoting AutoRider
{quote} Hi , https://t.me/tdalgo using this chanel you see the Live trade notification place by the EA ( post 92827)

Nice toy to play with in this new trading year. I have free capacity in my VPS.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,895
  • Edited 6:19pm Jan 7, 2019 6:06pm | Edited 6:19pm
Quoting Petru00
{quote} I never traded TMS, i just enjoy reading trading systems in my free time but from what i know this system has clear entry and exit rules, there is no place for emotions. You go in and go out following the system, it is not something subjective. I think emotions in trading are there just because of subjectivity, with a mechanical system such as TMS there is no subjectivity. Petru

@Petru,

If we can make it a 100% mechanical system, the emotion will still be there but will be of lesser impact.
The emotion of investors and traders are usually attached to the money they put into the markets.
Talking about TMS, the OP Big E was a discretionary rule-based trader. He traded mostly H4 and he did not take all the TDI signals but he has his own discretionary rules.
He has discretionary rules for entry based on how he sees price action using the APB/HA candles and the price momentum which he confirms with the TDI Red Green slope/angle.
He also has discretionary rules for his exits. He did not always exit using the TDI Green flat, hook back, etc. He looked at the PA of the HA candles and the HA candles distance from the 5EMA Typical Price, Shift+3. That is how he 'let profits run'. He also has his exist based on time.

An example of his training chart below,

Attached Image (click to enlarge)
Click to Enlarge Name: Big E chart.png Size: 136 KB


Also in strong trending market conditions, he would ignore the TDI flat, hook, etc. and he would stay in the trade until the TDI crosses in the opposite direction.
This is discretionary.

https://www.forexfactory.com/showthr...55#post4792755
Attached Image (click to enlarge)
Click to Enlarge Name: Big E chart2.png Size: 128 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,896
  • Jan 7, 2019 6:17pm Jan 7, 2019 6:17pm
Quoting lddd
{quote} I change position size for my trades all the time for X reasons. "Consistent profitable" can be achieved in a million ways. Nothing to do with what kind of lot size you select. Come on...

@lddd,


yes, for X reasons.

We do our trade position size based on factors for example the initial Risk 'R' which is the initial Stop Loss. There are other X factors.

In this particular cases, I only refer to Tekkies trade lots size which he randomly increase from 0.1 lot to 10 lots in that same account and on the same day with open positions. I have my doubt that he used the R and initial SL for Position Sizing. There seems no disciplined money management and risk management.

Without discipline in money management strategy, I have doubts that that anyone can be consistent profitable.

Most traders will be tempted and take gamble at some point in time. They would take more risk than usual at the spur of moment and they usually will lose. There goes consistency.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,897
  • Jan 7, 2019 6:30pm Jan 7, 2019 6:30pm
Quoting emmanuel7788
USDCAD Week 01 review: Very strong pull back from the MN swing level 1.3655. {image} Next Week 02, I hold on to my sell positions which I opened yesterday and with my cut-loss above the weekly highs. {image} My original plan was to resume trading in Week 02, jan 07 but since there was a sell trigger at 1.3495 when Jan 03 closed, I took a D trade entry. There was little retracement in the D1 so no chance to build positions. If there was retracement, I would build more positions up to the Open of the HA candle with initial Stop Loss above the recent...
Quoting emmanuel7788
USDCAD Week 02 D1 trade update; Price moves lower with little retracement during the Asian morning session. Added another position at 0.25ADR. With good floating profits 6 open positions, will take some profits later before the NY session open. {image}
USDCAD Week 02 Jan 08 update01:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 02 Jan 08 update01.png Size: 56 KB


Today we shall see if the market will retrace into the body of the APB/HA. If it does, I have limits orders waiting in that region. The initial SL remains at 200 pips above and also above yesterday APB/HA High, use that SL as the Risk 'R' for Position Sizing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,898
  • Jan 7, 2019 6:38pm Jan 7, 2019 6:38pm
Quoting forexstanley
{quote} I'm actually devoting all my time into full-time trading. Based on your personal experience, do you think I could trade M15 with the TDI strategy?

Hi again,

I just saw your profile that you are in Malaysia.

You can consider BBMA strategy which is also in Commercial Content forum in FF. I tried that strategy and learn a few tricks from their mentor and adapt to TMS 5-Method. ... 'let profits run'.

It is also price action + support/resistance + price momentum based trading.

https://www.forexfactory.com/showthread.php?t=724759
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,899
  • Jan 7, 2019 6:45pm Jan 7, 2019 6:45pm
Quoting Maule
{quote} There's another factor. Emotion. Two traders using TMS and having their results on FXBOOK would have different results. One may hold on to a loosing position because of greed thinking that "soon it will turn around". Another might close a winning position too early and leave $ on the table because of fear it may turn against him. Once Fear and Greed kick in, all the rules are forgotten in the moment. For example, Red news (ISM Non-Manufacturing PMI) is coming out next hour and i could imagine how many traders are going to try and chase that...

Belief: To maximize profits we must be prepared to give back to the market 50% of what the market gave us.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,900
  • Jan 7, 2019 7:07pm Jan 7, 2019 7:07pm
Hows USDCHF looking for a TMS/TDI entry?

Agreeance on M15/H1, PA - candles getting larger, Potential Resistance level 20 pips away - Chance for a 3:1 RR?
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Tekkies