Trading Made Simple | Page 4697 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #93,921
  • Feb 7, 2019 2:22am Feb 7, 2019 2:22am
Quoting Tekkies
{quote} Looking at the chart's you have posted: - Buy above 200EMA or Sell below 200 EMA? - Buy above 50EMA or Sell below 50 EMA?? - Buy when 50EMA is above 200EMA or Sell when 50EMA is below 200EMA Why do you those EMA on the chart? - Trend direction? One is going up,other is one is flat - ZIGZAG When does Zigzag update? What is the purpose of ZigZag? ---- Neither Emmanuel or I use Zigzag. Emmanuel refer occasionally to 50/200EMA. BigE used TDI green/ red, 5EMA and Stoch No yellow or blue bands --- Would say you never paid any attention to what...
200 and 50 sma are only for trend identifying nothing more and zig zag for bouncing
Trading is about paying attention. Davit
  • #93,922
  • Feb 7, 2019 3:16am Feb 7, 2019 3:16am
Quoting asgharhussai
{quote} 200 and 50 sma are only for trend identifying nothing more and zig zag for bouncing

I also use the 10EMA, 50EMA with 200EMA on my other templates (for planning purposes) which I would check often when to help me see potential market reaction at these EMAs. But I use these with with CONFLUENCE of other support and resistance levels such as the price BRNs/RNs and the Previous Price Action PPA which I see using the APB/HA candles.

I also used the multi- ZigZag with range of the swings in my trade planning templates but not on my trading charts.

On my trade charts template, I have the APB/HA candles the 5EMA Typical Price,Shift+3.
I still have the TDI Realtime version but since Jan 2018 I no longer rely on it for my trading decision.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,923
  • Feb 7, 2019 3:21am Feb 7, 2019 3:21am
Quoting Tekkies
{quote} Looking at the chart's you have posted: - Buy above 200EMA or Sell below 200 EMA? - Buy above 50EMA or Sell below 50 EMA?? - Buy when 50EMA is above 200EMA or Sell when 50EMA is below 200EMA Why do you those EMA on the chart? - Trend direction? One is going up,other is one is flat - ZIGZAG When does Zigzag update? What is the purpose of ZigZag? ---- Neither Emmanuel or I use Zigzag. Emmanuel refer occasionally to 50/200EMA. BigE used TDI green/ red, 5EMA and Stoch No yellow or blue bands --- Would say you never paid any attention to what...


@Tekkies,

Neither Emmanuel or I use Zigzag. Emmanuel refer occasionally to 50/200EMA. BigE used TDI green/ red, 5EMA and Stoch No yellow or blue bands --

that is not correct what you wrote about me.

I do have different templates which I consult when I do my trade planning.

Big E also have other templates of his own and he did check his other templates too when he was trading.

Read his old thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,924
  • Feb 7, 2019 3:33am Feb 7, 2019 3:33am
Quoting emmanuel7788
{quote} @Tekkies, Neither Emmanuel or I use Zigzag. Emmanuel refer occasionally to 50/200EMA. BigE used TDI green/ red, 5EMA and Stoch No yellow or blue bands -- that is not correct what you wrote about me. I do have different templates which I consult when I do my trade planning. Big E also have other templates of his own and he did check his other templates too when he was trading. Read his old thread.
Please don't cry.
There are a lot of negative assumption made about me by you.
  • #93,925
  • Feb 7, 2019 3:39am Feb 7, 2019 3:39am
M15H1 does make it easy for me.
Take the advice BigE has posted in this thread. Make it your own. Study those post's by him. Fine tune the advice, build your own method from what you have learned.
You will suffer loses, learn from those mistake's you have made. Only relay on yourself.

Keep to the rules of your method. The end result's are wroth it.
Attached Image (click to enlarge)
Click to Enlarge Name: 07012019Thursday goed beter botter.PNG Size: 48 KB
  • #93,926
  • Feb 7, 2019 3:49am Feb 7, 2019 3:49am
Quoting asgharhussai
three entries on daily charts but the tdi is snyrgy pro tdi the tdi red green is not showing levels on my mt4 i am following 200 ma for trend am i right or wrong ? {image} {image} {image}

Hi asgharhussai,

I see you have a lot of stuff on your trading charts. I am sure you have your own reasons for using all that stuff on your charts.
Just to share my experience in using the Synergy Pro TDI.
Its characteristics are different from the version TDI Red Green used by Big E.
Big E was an aggressive reversal and counter trend trader and he was very good at it.
But he would not use the newer version of the TDI and in fact he did mentioned this in his old thread but he stuck to using the first version which he got back in 2006/2007.
When you use this newer Synergy Pro TDI, your rules for entry and exit will not be the same as what Big E posted. You need to forward test these in live market and fine tune your own trading rules. Be careful with those up and down arrows on the Synergy Pro TDI, these arrows signal are rather conservative and you usually do not get very good entry prices. Some traders consider these arrows signals to be late entries. test these for yourself and learn how to use this TDI version effectively and for consistent results. I would suggest check with the price action first and use the Stochastics (8,3,3) to pick out the reversal candles.

The TDI Volatility Bands has some unique features which Big E left out when he removed these. Reason is simply that Big E was a very short termed trader and he only wanted to trade 2 to 3 candles for quick profits. I posted many examples in the past how to use the VB to help me look for potential price consolidation after a strong move.

The 50EMA and 200EMA are useful when we look them as dynamic support and resistance in the next higher tiemframes above your trading timeframe.
For example, when I trade M15, my next two higher timeframes are H1 and H4.
So when price is near 10EMA on M15, I look at 50EMA which is 10EMA on H1, 200EMA is 10 EMA on H4.

The Power of 10EMA Post#8,528 by FF member named tango-1

Focus on how to pick the reversal candles and use of Stochastics for this. If both the Stochastics and TDI give the same signal (Post#261), then the reversal candle would be a valid one to trade. You must learn to see the market condition in order to be able to use the Stochastics oscillator efficiently to pick the reversal swings.

We all learn from Big E, from his newbie beginning in 2008 till his last post in 2011.

I wish you a smooth journey in trading the markets.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,927
  • Feb 7, 2019 3:53am Feb 7, 2019 3:53am
Quoting Tekkies
{quote} Please don't cry. There are a lot of negative assumption made about me by you.

Not crying here.

So you made some wrong assumption about me above. LOL.

I am having fun today. First, I helped my neighbour install two windows frames in his new study extension. He showed me how to lay bricks , one piece and a time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,928
  • Feb 7, 2019 3:58am Feb 7, 2019 3:58am
Quoting Tekkies
M15H1 does make it easy for me. Take the advice BigE has posted in this thread. Make it your own. Study those post's by him. Fine tune the advice, build your own method from what you have learned. You will suffer loses, learn from those mistake's you have made. Only relay on yourself. Keep to the rules of your method. The end result's are wroth it. {image}
Quoting Tekkies
A start of a nice uptrend? - M15 green angle above 1 - H1 green starting to go up - Both stoch confirm direction When H1 close this will be a nice double bottom. {image}
Hey Tekkies,

I read your post above and you said beginning of uptrend and you had two buy entries, right?

What happened to H1 double bottom?

We trade what we see not what we think.

Now you reversed your positions,... and looks like martingale ,

good job!

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies buy 2x 07-02-2019 20-01-09.png Size: 203 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies sell 2x 07-02-2019 20-00-17.png Size: 212 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,929
  • Feb 7, 2019 4:14am Feb 7, 2019 4:14am
emmanuel....

You are speaking of a number of different chart layouts. So I am wondering how many monitors you are using. I know that you have said you have one huge monitor.

I use two monitors and I am thinking I need more.

Comment?

Thank you
  • #93,930
  • Feb 7, 2019 4:32am Feb 7, 2019 4:32am
Quoting Blaiserboy
emmanuel.... You are speaking of a number of different chart layouts. So I am wondering how many monitors you are using. I know that you have said you have one huge monitor. I use two monitors and I am thinking I need more. Comment? Thank you

Hi Blaiserboy,

still using one big 27" wide curved screen for my trade planning etc. I invested in a min PC ASUS VC66 in 2018 with M.2 SSD 512GB.
I have multiple MT4 platforms installed in this mini PC and it work great, fast boot-up, good graphics. .. small and portable.

Attached Image


rest of work done on individual laptops 15"screens.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,931
  • Feb 7, 2019 4:35am Feb 7, 2019 4:35am
Quoting emmanuel7788
{quote} Hi Blaiserboy, still using one big 27" wide curved screen for my trade planning etc. I invested in a min PC ASUS VC66 in 2018 with M.2 SSD 512GB. I have multiple MT4 platforms installed in this mini PC and it work great, fast boot-up, good graphics. .. small and portable. {image} rest of work done on individual laptops 15"screens.
I think I need a little more equipment.

Thank you
  • #93,932
  • Feb 7, 2019 5:35am Feb 7, 2019 5:35am
Quoting emmanuel7788
{quote} Hi asgharhussai, I see you have a lot of stuff on your trading charts. I am sure you have your own reasons for using all that stuff on your charts. Just to share my experience in using the Synergy Pro TDI. Its characteristics are different from the version TDI Red Green used by Big E. Big E was an aggressive reversal and counter trend trader and he was very good at it. But he would not use the newer version of the TDI and in fact he did mentioned this in his old thread but he stuck to using the first version which he got back in 2006/2007....
Hi
emmanuel7788

Yes i have more stuff on my h4 charts because its hard to recognize trend on h4 charts there are to many false crossovers on h4 charts and i lost my money in false crosse overs but now i have added some extra things for confirmation of the crossovers
1st:- Supertrend indicator with settings of period 8 and multiplier 2 its confirming TDI Crossovers and this is worked for me as TDI confirmation signal and its have a alert system
2nd:- Pivots Voty its for PP and SR levels on weakly settings
3rd:- Daily and weakly minicharts for a quick look of daily and weakly trend
4rth:- Pips show is for easy counting pips in loss or profit
5th:- spread for information of spread
6th:- 200 MA for the trend its up or down if the candles are under 200 MA i considers its a down trend and i never goes for up trade if the candles are up on 200 MA i considers its a up trend and i will never goes down trade
7th:- candle time for counting the time in candle

and on my Daily Charts i dont use much indicators because

1st: 200 MA for identifying trend
2nd: 50 MA for current trend
3rd: zig Zag for reading swings on daily charts
4th: candle time
and the reason for using SynergyPro TDI on the daily charts is the TDI red green is not working on my MT4 of FXPRO its not showing levels on that MT4

i am posting my chart of H4 Explaining the indicators
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-02-07_14-59-33.jpg Size: 362 KB
Attached Image
Trading is about paying attention. Davit
  • #93,933
  • Feb 7, 2019 3:39pm Feb 7, 2019 3:39pm
Quoting DJsignals
{quote} Hello, Yes i know that rule. At your picture, its pure only TDI cross up for buy W1 and vice versa? Or with MBL and 50 level in additional? 1) So your MEME entry base on TDI cross on W1? 2) Is that W1 entry TDI cross up in open candle condition? I saw one candle W1 before first entry is TDI Green under Red. 3) You doing martingale after first trade floating around 20 pips? 4) Is your profit target in pips or money? 5) Your final exit is when W1 TDI cross down? 6) How about performance this rules on last 2 years? Can you run this test for...

1) So your MEME entry base on TDI cross on W1?
No. This is long term swing trading. Entry can be on Daily when the setup is confirmed during the Week. In almost all cases, when there is a valid setup which has price momentum, the lagging oscillators like Stochastics and RSi/TDI will show.

2) Is that W1 entry TDI cross up in open candle condition? I saw one candle W1 before first entry is TDI Green under Red.
No.

3) You doing martingale after first trade floating around 20 pips?
No. When I take a loss, I do not increase the next trade basket lot size. I stick to my money management based on my account balance.
Big E talked about using martingale, which is after one trade loss, he would double his next trade lots.


4) Is your profit target in pips or money?
Based on the initial risk R, target profit is the number of Rs.

5) Your final exit is when W1 TDI cross down?
No.

6) How about performance this rules on last 2 years? Can you run this test for me? Please.
See my posts from 2015 to 2017.

7) What is your stoploss? Is base on money?
Initial Stop Loss is based on ADR.
Risk per trade basket is money. For e.g. if I allocate $5,000 to trade one pair, I can risk $2,500 maximum. Know the difference between trading capital and the margin you deposit in your broker account. I do not deposit all my trading capital with my brokers.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,934
  • Feb 7, 2019 3:48pm Feb 7, 2019 3:48pm
Quoting asgharhussai
{quote} Hi emmanuel7788 Yes i have more stuff on my h4 charts because its hard to recognize trend on h4 charts there are to many false crossovers on h4 charts and i lost my money in false crosse overs but now i have added some extra things for confirmation of the crossovers 1st:- Supertrend indicator with settings of period 8 and multiplier 2 its confirming TDI Crossovers and this is worked for me as TDI confirmation signal and its have a alert system 2nd:- Pivots Voty its for PP and SR levels on weakly settings 3rd:- Daily and weakly minicharts...

Hi asgharhussai,

Okay. Thanks for explaining what you do.
Some of those indicators provide good information to trade planning and decision making.
If you have available resources in your PC, you can also consider installing more MT4 platforms in your PC and use separate MT4 for different templates. For example, the pipware multi-charts, I install them in a separate MT4 folder. When I want to compare different methods/systems, I install the templates in different MT4 folders in the same PC.
My live trading is only in one MT4 folder, keep this folder clean for easier maintenance and updates.

Given more years of trading, I am sure you will learn a lot and will find your own way to make more money trading the markets.

Enjoy the learning journey and live trading.

best regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,935
  • Feb 7, 2019 4:01pm Feb 7, 2019 4:01pm
DE30 Feb 07

the day started rather slowly but when the European market session open, it was a great selling day following the H4 direction.
a not so good week for DAX as one market analyst talked about in his weekly review on the weekend.

Trading M15 and H1 short term, look at H4 as your long term direction / trend.

TMS 5-Method basics as in Big E's Post#261.

Use the APB/HA candles
Use the 5EMA for the price action and direction.

These are the key components Big E used when he looked at PA.

When I trade with MEME, I do the same and use these two key components.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 07 M15 H1 H4 POMO Feb 08.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,936
  • Feb 8, 2019 12:36am Feb 8, 2019 12:36am
Guys..........do you really think that Technical Analysis will help you with trading? Almost all indicators are lagging and besides that, it is all crap. Don't get me wrong, I was trading in the past like the most of you with a lot of TA and I was thinking many times as it was exact science, this will help me making money. But it does not help me at all! It's all in your head, between your ears. Psychology is king and that's the only thing it can help you and a lot of money that you can miss. Forget all the blablabla repeating over and over again which is very boring in this long thread. Use your common sense and don't spend time any longer. If you want trading use pure price action with time independent Bars like Range Bars and even better Renko Bars and with as less as possible TA. Good luck and happy trading!
Keep it simple without too many crappy indicators!
  • #93,937
  • Feb 8, 2019 12:49am Feb 8, 2019 12:49am
Quoting luvene
Guys..........do you really think that Technical Analysis will help you with trading? Almost all indicators are lagging and besides that, it is all crap. Don't get me wrong, I was trading in the past like the most of you with a lot of TA and I was thinking many times as it was exact science, this will help me making money. But it does not help me at all! It's all in your head, between your ears. Psychology is king and that's the only thing it can help you and a lot of money that you can miss. Forget all the blablabla repeating over and over again...

Range Bars and Renko Bars are technical indicators.

What you are saying is that you can not read price action.

Thank you
  • #93,938
  • Feb 8, 2019 2:53am Feb 8, 2019 2:53am
Quoting Blaiserboy
{quote} Range Bars and Renko Bars are technical indicators. What you are saying is that you can not read price action. Thank you
If this is what you want to read, so be it. Time independent bars is not TA! The opposite is true, you can read price action but I understand what you are saying
Keep it simple without too many crappy indicators!
  • #93,939
  • Feb 8, 2019 4:13am Feb 8, 2019 4:13am
Follow the rules of method in use.
M15 TDI
- Green bounce Red
- Angel below 5
-Below Sup/Res level
-Stoch confirm direction
H1 TDI
- Green angle below 5
-Below Sup/Res level
-Stoch confirm direction
Attached Image (click to enlarge)
Click to Enlarge Name: 08012019Fryday nog wen.PNG Size: 48 KB
  • #93,940
  • Edited 2:43pm Feb 8, 2019 2:26pm | Edited 2:43pm
What are your trading rules?

TMS 5-Method rules: using APB/HA candles
Sell when bearish reversal candle closed.
Exit when bullish reversal candle closed.

Other systems using price units like Renko bricks instead of APB/HA candle
Sell when 2 consecutive Red colour bricks closed.
Exit when 2 consecutive Green colour bricks closed.

Visually looks quite simple,easy and neat. But in real live trading with real money it is always a different story.
Lots of distraction and deception so we see here ....

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Price APB Renko compare.png Size: 46 KB


Edit: Oops, sorry. I forgot to mention follow #647 and use support / resistance when you are using Renko charts too.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
103 traders viewing now