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Trading Made Simple

  • #93,241
  • Jan 16, 2019 12:57pm Jan 16, 2019 12:57pm
Quoting stevepatt
For anyone interested here is an article on Market Structure etc. https://www.tradingview.com/chart/GB...al-Charts-1-5/
This thread already has way too many non TMS strategies going on - Why dont you start your own thread. I'm keen to learn.
  • #93,242
  • Jan 16, 2019 1:05pm Jan 16, 2019 1:05pm
Quoting AgentPips
{quote} IMO the rejection was priced in with a move of -200 pips GBPUSD on the expectations of a failed deal vote. Reversal may have been profit taking and the possibility of a delay. That mixed with May having enough votes to avoid a no confidence vote may be leading to a hope of more negotiations for a softer Brexit. That's how I'm reading it anyhow that the expected failed deal was priced in for that day leading up to the rejection. I could be wrong but the move after the vote was in contrast to the vote, but the move leading up to the vote was...
THeres a new entry in the Calndar today - "Govt Confidence Vote".
  • #93,243
  • Jan 16, 2019 1:30pm Jan 16, 2019 1:30pm
Quoting lddd
{quote}Oh man, okay so I am out of here there are probably better places to invest my time in. I will find them.
Iddd you only need to read from Post#1 tot BigE's last post#12912 Everything needed have been posted by him.
Have a safe journey Iddd, may you find what you seek.
  • #93,244
  • Edited 6:02pm Jan 16, 2019 5:49pm | Edited 6:02pm
Quoting Tekkies
{quote} Iddd you only need to read from Post#1 tot BigE's last post#12912 Everything needed have been posted by him. Have a safe journey Iddd, may you find what you seek.
And did you read the following Tekkies?

Quoting eelfranz
We only use Heiken Ashi candles... that's important.
Have you ever used google translate to see what the word "IMPORTANT" means? :-)

Quoting eelfranz
If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor...
No word about that something like looking down to the M15 is needed to trade H1 charts like you demonstrate with your charts here regularly while not even trading currencies and playing with the DE30.

So regarding this information, why don't you start posting charts with H1 or H4 trades from now on lets say on GU or any other major currency pair like most traders are interested in to trade here. Otherwise guys why don't you open your own topics with trading something differently based on entry/exit criteria has never been talked about by BigE...

The Framework that has been provided and suggested to trade this method with success (nothing else needed..) See Post #25. Which are HA Candles, one simple TDI green/red, Stochastic 8,3,3 looking only at one time frame where you plan, manage and trigger the trade from entry to exit.

Post 1 chart each day for the next 30 days instead of starting little fights again about who is right or wrong. This would help a lot. Actually i invite anyone to do just that instead of keep bumping up this topic for no real reason, using it for own personal interests showing off your big egos.

Now they are even start talking about pure Price Action Trading based on Market Structure here, hell yeah...

I will do so the same if you guys willing to do that and we can compare results for the next month, deal?

A few traders doing the same thing, with the same tools given, looking at the same picture each new day...

Looking back at charts posted years ago in stone age by BigE isn't really a reliable thing to work on in current financial market situation. You can only see his cherry picked winning trades where a lot of signals are completely ignored with no word why so...

The real questions left unanswered like how he would have avoided half of the setups false signals while trading on H1, no talk about money management, no talk about price action and its importance to this strategy which is obviously otherwise only based on indicators like the TDI and Stochastic.
  • #93,245
  • Jan 16, 2019 7:01pm Jan 16, 2019 7:01pm
Quoting eelfranz
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...

and How about trading the Daily charts?

the OP started his tests in Jul 2011 but never posted his results.

I did that same tests and I was convinced trading the Daily will produce enough number of trade opportunities per year.
To mitigate the risks of deep retracements and taking advantage of the rectracements trading the Daily swings, I use the Average Price Bar APB/HA (modified Heiken Ashi) in my trading system. You do not need to enter the market using the full risk in one single entry. You build up your positions to your full risk during the retracements. You control and manage risks by having a disciplined money management strategy.

.../

Keep It Simple has its limitations... and when you know what the limitations are and know how to get around them, you will find the way forward.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Keep It Simple 5EMA.png Size: 55 KB


Now its your opportunity to ask me any questions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,246
  • Jan 16, 2019 7:17pm Jan 16, 2019 7:17pm
Quoting lddd
{quote} And did you read the following Tekkies? {quote} Have you ever used google translate to see what the word "IMPORTANT" means? :-) {quote} No word about that something like looking down to the M15 is needed to trade H1 charts like you demonstrate with your charts here regularly while not even trading currencies and playing with the DE30. So regarding this information, why don't you start posting charts with H1 or H4 trades from now on lets say on GU or any other major currency pair like most traders are interested in to trade here. Otherwise...
I think the EA that was provided wasn't Heiken Ashi - i think it was Synergy Bars or APB (i think there is smoothing applied on top) which is slightly different. When i'm not at my computer at home which has all this stuff running - trading view is what i "was" using. Closest thing was Heiken Ashi, which i found clearly was not the same.

One of the rules of the TMS (as OP suggested) was to only trade APB 1 or 2 never on 3rd (unless apparently the all the moons in the galaxy lined up). I found that this was sometimes never the same as trading HA 1 or HA 2. (i finally found a way to connect to my personal pc remotely). The things i've had to do. One of the things i liked about this thread was - the OP had empirical results - which was under the right conditions they run for 3 to 8 candles. I guess the debate is always finding something which has the right conditions.

p.s. Another reason why i hate indicators - but hey we all got to make money.
  • #93,247
  • Jan 16, 2019 7:27pm Jan 16, 2019 7:27pm
Quoting emmanuel7788
{quote} and How about trading the Daily charts? the OP started his tests in Jul 2011 but never posted his results. I did that same tests and I was convinced trading the Daily will produce enough number of trade opportunities per year. To mitigate the risks of deep retracements and taking advantage of the rectracements trading the Daily swings, I use the Average Price Bar APB/HA (modified Heiken Ashi) in my trading system. You do not need to enter the market using the full risk in one single entry. You build up your positions to your full risk during...

Dear Emmaunel,

Please guide, I read posts and trying to test simple TNS system but so far failed and loosing all trades. Sometimes H4 says red crissec green but Daiky it's Green crossed red and H1 is like daily or H4 then what should be followed. I'm getting confused. I read posts but not getting clearity.

Please provide clear cut of rules and guide hw to kearn this system.

Thanks
  • #93,248
  • Jan 17, 2019 12:45am Jan 17, 2019 12:45am
Quoting AkronD
{quote} This thread already has way too many non TMS strategies going on - Why dont you start your own thread. I'm keen to learn.

Hi AkronD,

Ok, see you around.
  • #93,249
  • Jan 17, 2019 12:56am Jan 17, 2019 12:56am
Quoting stevepatt
{quote} Hi AkronD, Ok, see you around.
Let me know which thread. I'm keen to learn your strategy.

Rgds
  • #93,250
  • Jan 17, 2019 1:13am Jan 17, 2019 1:13am
Quoting AkronD
{quote} Let me know which thread. I'm keen to learn your strategy. Rgds

Hi AkronD,

Here you go https://www.forexfactory.com/showthr...9#post11893959
  • #93,251
  • Jan 17, 2019 5:48am Jan 17, 2019 5:48am
I shorted this pair long time ago based on PA.

However, TDI is currently giving a signal to add to the position.

Try to find a correction on LTF and short the pair.

Unless you want to avoid trading this week Bec of news.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYH4.png Size: 26 KB
  • #93,252
  • Jan 17, 2019 6:21am Jan 17, 2019 6:21am
FAQ

Did Big E check other chart timeframes when he was not sure about the TDI cross.

Post#2846

How did he filter the TDI cross 'signals' and avoid trading them?

Post#2845
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,253
  • Jan 17, 2019 6:36am Jan 17, 2019 6:36am
Quoting Mint-V
{quote} Dear Emmaunel, Please guide, I read posts and trying to test simple TNS system but so far failed and loosing all trades. Sometimes H4 says red crissec green but Daiky it's Green crossed red and H1 is like daily or H4 then what should be followed. I'm getting confused. I read posts but not getting clearity. Please provide clear cut of rules and guide hw to kearn this system. Thanks

Hi Mint-V,

some reading to start with,

Triple Screen Trading System by Dr Alexander Elder Post#23,973, Post#55200, Post#62,175
Triple Screen trading systems : Post#55,203

Checking three different timeframes charts is a way how we reconcile the TIMING of our trade entry on the lower timeframe where we make our market entry.
We look at the price action and the TDI condition of all three timeframes to confirm the setup is high probability in the direction of the Primary (Dominant) Trend.

When you are ready to develop your own trading system, I will explain what you need to do and to define your own rules, and write down the various tasks for trading in your own trading business plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,254
  • Jan 17, 2019 6:39am Jan 17, 2019 6:39am
Quoting mtharwat
I shorted this pair long time ago based on PA. However, TDI is currently giving a signal to add to the position. Try to find a correction on LTF and short the pair. Unless you want to avoid trading this week Bec of news. {image}
Entry now

Traily your target and partial close.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYM5.png Size: 14 KB
  • #93,255
  • Jan 17, 2019 6:50am Jan 17, 2019 6:50am
Is trading TMS H4 timeframe following simple basic price action plus TDI confirmation profitable?

This has been the doubt of some people for very long time.

Here is a quick back-test GBPUSD using H4 live price data of my broker for the period Jan to Dec 2018.

Price close above PAC and TDI Green above Red - BUY
Price close below PAC and TDI Green below Red - Sell

Maximum Risk $5,000, if margin call ... then Game Over.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD back-test H4 Jan to Dec2018.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,256
  • Jan 17, 2019 6:56am Jan 17, 2019 6:56am
Quoting emmanuel7788
Is trading TMS H4 timeframe following simple basic price action plus TDI confirmation profitable? This has been the doubt of some people for very long time. Here is a quick back-test GBPUSD using H4 live price data of my broker for the period Jan to Dec 2018. Price close above PAC and TDI Green above Red - BUY Price close below PAC and TDI Green below Red - Sell Maximum Risk $5,000, if margin call ... then Game Over. {image}

But also don't please forget that the reading of PA is very very subjective from one trader to another.
A slight angle in the TL will give different image.
A slight shift in a horizontal S/R will alter the bias.

The whole MTF PA is not always something traders would convene on.

And the success/failure of one pair is not enough.
  • #93,257
  • Jan 17, 2019 7:00am Jan 17, 2019 7:00am
Quoting mtharwat
{quote} But also don't please forget that the reading of PA is very very subjective from one trader to another. A slight angle in the TL will give different image. A slight shift in a horizontal S/R will alter the bias. The whole MTF PA is not always something traders would convene on. And the success/failure of one pair is not enough.
Some traders think PA is purely Supply/Demand Zones and do not acknowledge Trend Lines. Thy just refer to them as the angle slope is changing without drawing them

Others only trust Fib Levels or Pitchfork analysis.


Others rely on patterns (wedges/triangles)

Others may or may not do MTF analysis.

Price Action is a big world indeed.
  • #93,258
  • Jan 17, 2019 7:01am Jan 17, 2019 7:01am
Quoting emmanuel7788
Is trading TMS H4 timeframe following simple basic price action plus TDI confirmation profitable? This has been the doubt of some people for very long time. Here is a quick back-test GBPUSD using H4 live price data of my broker for the period Jan to Dec 2018. Price close above PAC and TDI Green above Red - BUY Price close below PAC and TDI Green below Red - Sell Maximum Risk $5,000, if margin call ... then Game Over. {image}
Poor results for the average losing trades almost same as large as the average trades were won. Where is drawdown for that 53%?

You can make the same amount of money with zero risk selling some ebook or working 30 days in a diner...
  • #93,259
  • Jan 17, 2019 7:01am Jan 17, 2019 7:01am
Quoting mtharwat
{quote} But also don't please forget that the reading of PA is very very subjective from one trader to another. A slight angle in the TL will give different image. A slight shift in a horizontal S/R will alter the bias. The whole MTF PA is not always something traders would convene on. And the success/failure of one pair is not enough.

I keep it simple when I talk about PA.

Just read the price bar,

when the price bar move up and close above the PAC, it is set condition for Buy.

when the price bar move down and close below the PAC, it is setup condition for Sell.

both cases, we use the TDI Green/Red as the second condition for set and entry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,260
  • Jan 17, 2019 7:03am Jan 17, 2019 7:03am
Quoting lddd
{quote} Poor results for the average losing trades almost same as large as the average trades were won. Where is drawdown for that 53%? You can make the same amount of money with zero risk selling some ebook or working 30 days in a diner...

Then you can go and sell your ebooks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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