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Trading Made Simple

  • #93,041
  • Jan 12, 2019 3:16pm Jan 12, 2019 3:16pm
Thanks Rick for the information. This will push me on in my own research. I can imagine the hours spent developing and back testing, but, your're on another level with complementing strategies. I tend to think of one system applied to one market type and only do one at a time, which is very limiting. I need to think differently.
  • #93,042
  • Jan 12, 2019 9:01pm Jan 12, 2019 9:01pm
Quoting lddd
{quote} Funny to see all those Buffet quotes here. Buffet was never a trader, he's an investor, portfolio manager, which is completely different to 90% of all the technical based short to swing term traders you find here.
Who the hell cares about who the quote is from?
If you can learn something from an individual and apply to whatever you're doing, why the hell not?
Open your mind and eyes.
Maybe then, you'll bring in some more pips.
market is a device for transferring money from the impatient to the patient
  • #93,043
  • Jan 12, 2019 10:59pm Jan 12, 2019 10:59pm
Quoting nigpig
Thanks Rick for the information. This will push me on in my own research. I can imagine the hours spent developing and back testing, but, your're on another level with complementing strategies. I tend to think of one system applied to one market type and only do one at a time, which is very limiting. I need to think differently.
You are going in the right direction:
<quote>
Market Types – the first key to Forex system development.

“Expecting the same system to work in all market types is the definition of insanity”

Market type refers to the different stages or states that a market flows through.
The market type concept was made popular by trading coach and psychologist Van Tharp in his books and courses. Tharp believes that while it is insanity to expect a system to work in all conditions, if you can define the market type then it is relatively easy to design a system that provides an edge in that specific market type.
Think about it.

<unquote>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,044
  • Jan 12, 2019 11:14pm Jan 12, 2019 11:14pm
Quoting mtharwat
Dear all, With the loss of EURUSD trade, I was re-analysing and double checking TDI and stochastic. My observation are annotated on the chart. Pls note that TDI crossed before entry candle and was flickering higher while entry candle was forming. Stoch was sloping slightly upwards and sloped more while entry candle was forming. What do you think? Also note that after the cross with any setup, the entry candle will usually show strong momentum in your direction while forming. So if TDI appears flat, that is visible after the candle is formed. So...
Could that losing trade be avoided?
Hindsight analysis is 20:20 and we will find many reasons not to trade.

Looking at your chart which is based on your broker server time, the H4 candles maybe different.
But your chart shows the entry was good.
You can do a post-trade analysis, a post mortem POMO and fine tune your trading rules and update your trading tasks.

see my comments on your chart below:

Note:
1) when you use the Fozzy-RSI in place of the TDI, check that the MA(2) is set to Exponential and the MA(7) is Simple. This Fozzy-RSI is consider a realtime version of the TDI. The MA lines will paint on every price tick and you only take a trade decision when a bar/candle closed.

2) you have to review the time of Day when you took that trade. In most cases, the Asian session is not the best time to take a H4 Single Entry /Single Exit trade. Also it was a Friday and the high of the Week was seen to the left but with room to possible take profit. It is end of week and there are only 4 H4 periods left till New York closing.

3) trade management looking at the price action. see my comments on the chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: mtharwat EU H4 trade pomo.png Size: 121 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,045
  • Jan 12, 2019 11:30pm Jan 12, 2019 11:30pm
Quoting mtharwat
Dear all, With the loss of EURUSD trade, I was re-analysing and double checking TDI and stochastic. My observation are annotated on the chart. Pls note that TDI crossed before entry candle and was flickering higher while entry candle was forming. Stoch was sloping slightly upwards and sloped more while entry candle was forming. What do you think? Also note that after the cross with any setup, the entry candle will usually show strong momentum in your direction while forming. So if TDI appears flat, that is visible after the candle is formed. So...
Green angle is between 2 and 4. Walk away, find a other crossover.
Why did you not follow this rule in:
post#647............How does the momentum look right now (12-2, 4-6).
Always check the angle of green.
Attached Image
  • #93,046
  • Jan 12, 2019 11:34pm Jan 12, 2019 11:34pm
Quoting nigpig
{quote} Hi Rick, I see a good example of MEME with EA, but just after the last date on you pic the trend continued up. Would you continue to enter short above the cloud (as it appears is your rule)? or do you go with the trend. If the latter how do you determine the trend and switch of EA direction?
Q: how do you determine the trend and switch of EA direction?

>>> use Market Type determination first before you even start looking for the trend/swing to trade MEME.

Big E's TMS 5-Method follows the basics of two systems - Natural Flow Forex by Craig Harris and Synergy by Dean Malone. Big E was clever and he did the SMART thing when he picked the 'strength' of these two systems (NFF + Synergy) and blend them into a new method to trade.

Key is how to use the Average Price Bars which is modified HeikenAshi candles when we trade longer term swings.

I like RickM's approach ... always be in the market.

This is how we create a CashFlow model by combining both the Lotto model and the Insurance model. It is controlling risks and making money in both 'good' and 'bad' markets. You need the RED pill everyday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,047
  • Jan 12, 2019 11:38pm Jan 12, 2019 11:38pm
Quoting Tekkies
{quote} Green angle is between 2 and 4. Walk away, find a other crossover. Why did you not follow this rule in: post#647............How does the momentum look right now (12-2, 4-6). Always check the angle of green. {image}

but his chart shows the green lines being repainted after entry and few bars later ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,048
  • Jan 13, 2019 12:01am Jan 13, 2019 12:01am
Quoting mtharwat
... Generally speaking, I believe I should wait for couple of daily bars after breakout of major Daily resistance. I think this is the reason why the trade lost. In addition to this, stoploss should have been placed much lower. {image}
The stop loss will decide if this trade survive or not. But this is hindsight.
Traders who strictly follow Big E posts would have placed their stop loss below the most recent swing low and the result would still be a loss. That swing low was taken out during the NY session.

If you had used a volatility based stop, then the D1 stop is at 1.1363 which is about 160 pips from entry. This may not be attractive when you make a single entry type of trade even when you use for example, 2% risk and do Position Sizing with initial SL 160 pips.

The swing low/swing high for stop loss on H4 does not work and you will have 40% losing trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,049
  • Jan 13, 2019 12:03am Jan 13, 2019 12:03am
Quoting emmanuel7788
{quote} but his chart shows the green lines being repainted after entry and few bars later ...
Where is your proof of repainting.
Do you have a screenshot when that trade was placed with the TDI indicater that he is useing.
Did you compere that screenshot with the chart he posted later. If so please the post your comparison with both chart's side by side.
Make sure you use only what he has poste. Not your indicators or chart's.
  • #93,050
  • Jan 13, 2019 12:05am Jan 13, 2019 12:05am
Quoting Tekkies
{quote} Where is your proof of repainting. Do you have a screenshot when that trade was placed with the TDI indicater that he is useing. Did you compere that screenshot with the chart he posted later. If so please the post your comparison with both chart's side by side. Make sure you use only what he has poste. Not your indicators or chart's.
Proof proof proof ... LOL.

Read his post again and carefully. Pay attention to every detail on his chart posted.

It is not always 2-4 and 4-6 that make losing trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,051
  • Jan 13, 2019 1:27am Jan 13, 2019 1:27am
Quoting mtharwat
Dear all, I am looking for an EA for money management that would: 1-enable me to drag a line to where I want my my stop loss to be and adjust the lot size according to my "Percentage" or "Money" I will risk. 2-Split my trade to Two or Three partial lots with two or three targets 3-ability to set breakeven or trailing stop after target 1 is hit for the remaining targets If it is a commercial one, kindly PM me. It will be great if it has a panel. I am tired of doing the math every time. Thanks Regards

THV CaveManager as trade manager EA will do 2) and 3) but not 1).

You still need to do your trade position sizing based on the trade setup entry and initial stop loss.

Your entry to initial stop loss will be your Risk 'R'.

You set your exits based on the R in pips.


Edit.

See this old post example. Post#88,270

https://www.forexfactory.com/showthr...8#post11241178

THV CM can have maximum 4 exits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,052
  • Jan 13, 2019 1:43am Jan 13, 2019 1:43am
Quoting emmanuel7788
EURNZD Week 02 Jan 10 Planning and be ready for the next big move. It has been sideways for many days. It may take days and weeks, so we be patient and stalk this everyday. {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 02 Jan 10 Big Picture D1.png Size: 26 KB


EURNZD Week 03 Jan 14 to 18,

Surprising, EN made ist move on Friday.

Next week, my plan is sell on D1 with TMS MEME.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 03 D1 plan.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,053
  • Jan 13, 2019 1:53am Jan 13, 2019 1:53am
Quoting emmanuel7788
{quote} Proof proof proof ... LOL. Read his post again and carefully. Pay attention to every detail on his chart posted. It is not always 2-4 and 4-6 that make losing trades.
That is how you see it Emanuel.
By the way it is:
1) Between 12 - 2 and 4 - 6 that make winning trades.
2) Between 2 - 4 that prevent you from placing losing trade's.
Where do you find that crap you have posted?
-----------
How mthareat understand TMS at this stage it is the best to stick too the rules.
Found the previous chart where he placed the trade. TDI is pointing up. (apologies Emmanuel).
To me it looks like a maybe above or below 2.
Any trader that make a trading decision based on assumption will pretty soon find out how costly that can be
Post#117.............. If I'm not sure because of what I'm seeing I'll pass and find another set up...
No need to analyze the chart with Price Action. BigE gave the right advice.
-------------
Angle of green is very important. Between 1 /2 or 4 / 5 are good. The best are those that cross between 12 / 1 and 5 / 6. Would any time prefer to trade the latter. (cherry pick).
Attached Image (click to enlarge)
Click to Enlarge Name: 13012019Sunday look.PNG Size: 21 KB
  • #93,054
  • Jan 13, 2019 2:01am Jan 13, 2019 2:01am
Quoting Tekkies
{quote} That is how you see it Emanuel. By the way it is: 1) Between 12 - 2 and 4 - 6 that make winning trades. 2) Between 2 - 4 that prevent you from placing losing trade's. Where do you find that crap you have posted? ----------- How mthareat understand TMS at this stage it the best to stick too the rules. Found the previous chart where he placed the trade. TDI is pointing up. To me it looks like a maybe above or below 2. Any trader that make a trading decision based on assumption will pretty soon find out how costly that can be Post#117.................

Hindsight is perfect vision. All that you say now is crap because it is all hindsight.

Next time, before you 'flap your lips', read his posts again and pay attention to details. You missed the points made.

Price Action and Momentum is the more important. Trying the catch the reversal candles APB#1 and APB#2 will lead to many losing trades no matter what the angle of the Green line is.
That chart visual angle is subjective. Price action above tell the true story.

Don't believe this b***s*** when you do not have the knowledge and experience which the OP has.
<>
Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful.
<>

there is a lot more to profitable trading than just simple rules and simple exits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,055
  • Edited 3:04am Jan 13, 2019 2:23am | Edited 3:04am
Quoting mtharwat
Dear all, With the loss of EURUSD trade, I was re-analysing and double checking TDI and stochastic. My observation are annotated on the chart. Pls note that TDI crossed before entry candle and was flickering higher while entry candle was forming. Stoch was sloping slightly upwards and sloped more while entry candle was forming. What do you think? Also note that after the cross with any setup, the entry candle will usually show strong momentum in your direction while forming. So if TDI appears flat, that is visible after the candle is formed. So...
mtharwat
Why do you make it so difficult for yourself?
Did some hindsight trading
- M15 TDI green crossed red with a good angle.
- H1 TDI green confirmed cross.
- Stoch on both time frames confirm direction.
Attached Image (click to enlarge)
Click to Enlarge Name: 13012019Sunday rocket.PNG Size: 61 KB

Try and see how M15H1 crossover did between 2019.01.11 06:00 and 2019.01.11 13:00.
- hindsight show consolidation which at that time would be unclear.
Synchronization line and charts: Place both indie's on both charts.
Edit: Remember to place the trend line at the beginning new candle after the H-Line
Attached File(s)
File Type: ex4 Synchro Chart Line.ex4   19 KB | 411 downloads
Attached File(s)
File Type: ex4 SyncScroll.ex4   122 KB | 382 downloads
  • #93,056
  • Jan 13, 2019 2:32am Jan 13, 2019 2:32am
@emmanuel7788 and @Tekkies

I really appreciate all the inputs, comments and annotations.

I will quickly make some comments:

 

  1. I am trading basically with PA with/without MAs and sometimes divergences on Time charts and on Renko as well. I am trying to get the strength of TMS system to integrate it in my analysis. So thank you all for directing me on how to best use TMS.
  2. My broker (Pepperstone) uses New York close time.
  3. Very good to know about the 2EMA setting for the fozzy RSI
  4. I am applying RSI 13 and then applied 2 MA and 7 MA . But I will use 2 EMA from now. BTW , the 2 EMA did show a cross. But again I believe TDI repainted couple of bars later (i.e flattened). Regardless, it is part of the job to loose in a trade. It is very normal and acceptable.
  5. 5.I took the trade during London Session.
  6. 6.Unfortunately I do not have the proof of TDI repainting as I mistakenly edited my previous post when I took the trade instead of quoting it.

But it was Friday and I know some traders do not trade on this day. There was news the following day as well. So volatility was not really there. Add to this, that I intended to keep the trade for few days and I thought of this level as a good entry one. But again stop loss was not in good place nor was the breakout confirmed.

——Money Management wise—I believe thatI should have waited after couple of daily bars to form on top the S/R considering it is a break out of a Daily range and to make sure it is not a fake candle. Then I should look for H4 entries with TMS system afterwards.
But even if I traded based on breakouts (as this was my intention with my PA) not TMS, then I should have waited for those couple of Daily bars to form on top of S/R and to place the stop loss quite far at a reasonable level.



———I will check THV Cave Manager— Thanks for pointing this out.


Looking forward for more setups to share with the thread.
Regards,

  • #93,057
  • Jan 13, 2019 2:36am Jan 13, 2019 2:36am
Quoting Tekkies
{quote} mtharwat Why do you make it so difficult for yourself? Did some hindsight trading - M15 TDI green crossed red with a good angle. - H1 TDI green confirmed cross. - Stoch on both time frames confirm direction. {image} Try and see how M15H1 crossover did between 2019.01.11 06:00 and 2019.01.11 13:00. - hindsight show consolidation which at that time would be unclear. Synchronization line and charts: Place both indie's on both charts. {file}{file}
Thanks Tikkies

I did not check TDI at those TFs. I was only looking for H4 TDI. When I went to LTF, I disregarded TDI readings.
  • #93,058
  • Jan 13, 2019 2:46am Jan 13, 2019 2:46am
Quoting emmanuel7788
{quote} Hindsight is perfect vision. All that you say now is crap because it is all hindsight. Next time, before you 'flap your lips', read his posts again and pay attention to details. You missed the points made. Price Action and Momentum is the more important. Trying the catch the reversal candles APB#1 and APB#2 will lead to many losing trades no matter what the angle of the Green line is. That chart visual angle is subjective. Price action above tell the true story. Don't believe this b***s*** when you do not have the knowledge and experience...
A other popcorn fight?
Point proven, as soon a trader don't agree with you, your post's become vindictive. Post 92,977
----------
Wonder what BigE will say regarding your post Emmanuel?
Since he posted this:
Post#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.
This holds true for PA too for best results
  • #93,059
  • Edited 3:13am Jan 13, 2019 2:57am | Edited 3:13am
Quoting mtharwat
{quote} Thanks Tikkies I did not check TDI at those TFs. I was only looking for H4 TDI. When I went to LTF, I disregarded TDI readings.
No mtharwat.
I did not say you should check other time frimes. BigE did not check any other time frames. He got all the information from the chart he traded on.
---------
I can not do that yet. I use M15H1 because it works for me.
--------
Find what works for you mtharwat. Somewhere you will get the "AHA" moment when everything will become clear.
That stop loss you have problems with read how this one does it:
https://www.forexmt4indicators.com/t...orex-strategy/
  • #93,060
  • Edited 11:54am Jan 13, 2019 3:09am | Edited 11:54am

**Notice**


I have uploaded new update 2 weeks test version (post 92827). invite to all members for download new update version. if you have download TDI RT clone indicator & PDF File , Don't want download indicator & PDF File again.Test it by your self and you will see how this EA make stable profit.


Email:- { email address deleted by staff }

Channel :- https://t.me/tdalgo
Attached File(s)
File Type: ex4 Algo_TDEA V4.1 FF.ex4   78 KB | 496 downloads
File Type: ex4 TDI-RT-Clone.ex4   14 KB | 495 downloads
File Type: pdf pdf-algo.pdf   111 KB | 766 downloads
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