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Trading Made Simple

  • #94,421
  • Mar 3, 2019 6:30am Mar 3, 2019 6:30am
Quoting Tekkies
{quote} ...(Why do you post M15, H1 and H4 together.) ....
Question was asked:
Why do you post M15, H1 and H4 together

The answer is in my earlier Post#93,475
https://www.forexfactory.com/showthr...5#post12063575

Keep It Simple: Train your eyes. Learn to see and read price action, higher high, higher lows and higher Close. Be independent of all lagging indicators.

Today is a good example, H4 shows an established bull trend. Always trade in the direction of the established trend.

When we trade in the establish trend, we look for opportunities to trade following the establish trend. Look at lower timeframe charts and see those chart patterns like Double Bottom.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 01 Double Bottom 01-03-2019 15-15-52.png Size: 81 KB


What did big E said about trading M5 M15 m30 and H1 chart timeframes?
Post# 4298 in his old thread.
https://www.forexfactory.com/showthr...53#post4553353

Read EVERYTHING.
Learn EVERYTHING.
But be warned! When EVERYTHING includes bad trading habits, it takes more time to un-LEARN bad habits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,422
  • Mar 3, 2019 6:42am Mar 3, 2019 6:42am
Quoting neosqualls
Hello people, Regarding attached screenshots, Tekkies, do you consider this as good sell? Thanks {image} {image}
No.
Look at the time of the last bar. Market will close for the weekend.
-------
Will use such a set up when Frankfurt / London / New York have showed which direction the trend will go.
H1- Look like price is under or close below resistance.
M1 - Moving away from consolidation area.
M1 - Two green bar's have wick above bar. (Can't see red bar's wicks)
M1 - Why is the red bar pulling back?

Follow the rules:
a. Every-time M15 TDI makes a crossover:
- check with V-Line if:
b. H1 TDI green angle confirm the same direction.
c. Both TDI green are:
- Between 2 / 4 no trade.
- Between 2 / 1 and 4 / 5 are good signals to enter a trade.
- Between 12 / 1 and 5 / 6 are the best signals to enter a trade.
d. Both Stoch confirm direction.
  • #94,423
  • Mar 3, 2019 6:50am Mar 3, 2019 6:50am
Quoting emmanuel7788
{quote} You learn nothing reading these posts.

Thanks for the chuckle Emmanuel.
It is the best sentence in any of your post's.
  • #94,424
  • Mar 3, 2019 7:27am Mar 3, 2019 7:27am
Quoting neosqualls
Hello people, Regarding attached screenshots, Tekkies, do you consider this as good sell? Thanks {image} {image}

@neosqualls,

KEEP IT SIMPLE: Since you are located in France and I assume your are trading local time.
EURAUD
The best trading hours is between Frankfurt Open till London Close. Once after London session closed, the market liquidity become very low. Unless there are major events during the US second half session, there won't be much volatility. Any event driven volatility during the day would have settled down by the time London session closing.
If you must trade, then try scalping M5 or M15 for few pips look for other pairs. Learn to spot the reversal candle setups. Read Post#261. In a reversal, both the Stochastics and the TDI will show the same signal. This is key to pick the best reversal setups when you want to scalp.Learn to read the price bars and HA candles, they show momentum better than any indicator. Stochastics is a better indicator. Before the Stochastics can show direction, there must be a price action reversal and the %K cross %D. Do not chase after the 3rd price bar/candle.

There were two reversal candles, look at the price action then see both the Stochastics and TDI show the same signal.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar 01 M15 reversal candles.png Size: 46 KB



these below, is not TMS.
a. Every-time M15 TDI makes a crossover: - check with V-Line if: b. H1 TDI green angle confirm the same direction. c. Both TDI green are: - Between 2 / 4 no trade. - Between 2 / 1 and 4 / 5 are good signals to enter a trade. - Between 12 / 1 and 5 / 6 are the best signals to enter a trade. d. Both Stoch confirm direction


Quoting Tekkies
{quote} No. Look at the time of the last bar. Market will close for the weekend. ------- Will use such a set up when Frankfurt / London / New York have showed which direction the trend will go. H1- Look like price is under or close below resistance. M1 - Moving away from consolidation area. M1 - Two green bar's have wick above bar. (Can't see red bar's wicks) M1 - Why is the red bar pulling back? Follow the rules: a. Every-time M15 TDI makes a crossover: - check with V-Line if: b. H1 TDI green angle confirm the same direction. c. Both TDI green...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,425
  • Mar 3, 2019 7:29am Mar 3, 2019 7:29am
Quoting Tekkies
{quote} Thanks for the chuckle Emmanuel. It is the best sentence in any of your post's.

that was evident that you missed many fine points when 'Job and Moses' post.

many of those posts were not in the 2 Big E pdfs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,426
  • Mar 3, 2019 7:43am Mar 3, 2019 7:43am
Quoting neosqualls
Hello people, Regarding attached screenshots, Tekkies, do you consider this as good sell? Thanks {image} {image}

learn EVERYTHING posted by Big E.

here is something he knows very well.

REVERSAL CANDLE how to spot them.... applicable on all timeframes

Video on reversal candles trading:

Old post link below:

https://www.forexfactory.com/showthr...9#post11849379

Watch this video:

https://vimeo.com/20548499

Have fun in your learning journey.

why is this so important?

It is the key point in Post#261. putting 1 +1 together, ...

If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion

If Stoch's & the TDI give different signals

Stoch's is nothing but confirmation

Quoting eelfranz
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,427
  • Mar 3, 2019 7:57am Mar 3, 2019 7:57am
Hi everyone,

i have gotten a bit lost along the way, is there anyone that could update the thread,
in terms of the latest indicators and strategy in short.

Thanks in advance.
  • #94,428
  • Edited 9:41am Mar 3, 2019 8:52am | Edited 9:41am
Is this the better version of TMS?
Post 94,417: "instead of the lagging TDI."
Post 94,424: Stochastics is a better indicator.
-----
Can only ask:
What is Emmanuel trying to do?
Some post's he say don't use lagging TDI rather use MA, MACD, CCI.
Some post's he say do everything that BigE has posted.

This has me clearly baffled.
When I apply some of his point's from Post 94,401
- Do you see that TDI cross?
- Do you see the 5EMA is the direction?
to this chart (below) those entry's become Post 94,420 "Those are cherry picked paper trading training chart."
Attached Image

What does he mean by Post 94,416: Read and learn EVERYTHING.
Does it include this chart?
Does it include TDI green cross red?
Does it include exit rule: green flat, check mark, hook over?
Does it include stoch to show direction only?
------
How many times has he barked about Tekkies using M15H1 then he justify his M15H1H4 in Post 94,421
-----
Looks like his post's are like the wind.
- When it blows North, he post's North.
- When it blows South, he post's South.
- When it has no direction. he post's only for the sake of posting.
It sorts of tie in with what Realjumper has posted:
Post 94,185:...."about your Inside bars, outside bars, mother bars, pop guns, steam valves and all manner of other nonsense that YOU have posted here.."
  • #94,429
  • Mar 3, 2019 2:59pm Mar 3, 2019 2:59pm
Post#
Quoting Tekkies
..."about your Inside bars, outside bars, mother bars, pop guns, steam valves and all manner of other nonsense that YOU have posted here.."
my reply to "Inside bars, outside bars, mother bars, pop guns,etc."

those are basic price action things which I used to make Post#647 simpler and clearer remove the subjectivity in Post#647. I am sure Eric being a learning person would approve if he seen its effectiveness. To you maybe nonsense, but to many others, they see value.

Post#647
How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

it would be easy of I mention for example there is a Master Candle which indicator consolidation area.

Steam engine safety valve analogy has a different story on Money Management, when to cut loss and not let Margin Call.

If you are interested what "safety valve' is, go to this thread where the OP Mingary started that discussion.

https://www.forexfactory.com/showthread.php?t=662550

Attached Image (click to enlarge)
Click to Enlarge Name: Safety valve example.png Size: 88 KB


Note: The OP sent his thread to the Recycle Bin.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,430
  • Mar 3, 2019 3:16pm Mar 3, 2019 3:16pm
Quoting Tekkies
Is this the better version of TMS? Post 94,417: "instead of the lagging TDI." Post 94,424: Stochastics is a better indicator. ----- Can only ask: What is Emmanuel trying to do? Some post's he say don't use lagging TDI rather use MA, MACD, CCI. Some post's he say do everything that BigE has posted. This has me clearly baffled. When I apply some of his point's from Post...
Q. Is this the better version of TMS?

read the complete post Post 94,417 for the answer.

Q. Stochastics is a better indicator?. Y

read the complete post Post 94,424: for the answer.

Q. What is Emmanuel trying to do?

Read EVERYTHING.
Learn EVERYTHING.
But be warned! When EVERYTHING includes bad trading habits, it takes more time to un-LEARN bad habits.

one thing which I read is about using using Martingale, i.e. after you take a trade loss, the next trade you double the position size.

Big E once said this: I can take you to water but I can't make you drink.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,431
  • Mar 3, 2019 3:29pm Mar 3, 2019 3:29pm
DE30 Week 10 Mar 04 to 08 Trading:

Q. Why I don't post trade live here?
1) I prefer to post and share my trade plan after I have done my weekly top down analysis.
2) Not all members here trade TMS with multiple entries and average entry price.
3) Those members who trade TMS with MEME money management can see my live trade in FX Blue.

Simple trading plan, I will continue with BUY Bias and trading with multiple entries. The danger is the gray zone seen to the left, in worst case, I cut-losses and re-evaluate as the market will do its thing.
To swing trade, look for buy setups between 11433 and 11927.

Will be watching closely the price action between 11433 and 11927.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 10 D1 Big Picture Mar 04 open.png Size: 57 KB


On my Weekly,

it will take two W1 bars/candle to see a possible reversal.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 10 Big Picture.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,432
  • Mar 3, 2019 3:40pm Mar 3, 2019 3:40pm
Quoting evrenyilmaz
Hi everyone, i have gotten a bit lost along the way, is there anyone that could update the thread, in terms of the latest indicators and strategy in short. Thanks in advance.
@evrenyilmaz,

your post did not appear the last time I was online. FF Admin will vet your first few posts before they can be seen by public.
There will not be any update to this simple trend trading method.
The least you could do is to read Post#1 to Post#12,912 and take notes when your read, study, learn...

Introduction to Trading Made System


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 when you have mastered the 5-Method, you can then move on and develop your own trading system following how he did his. I have moved on after 7 years.

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
When 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.

Important to 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
  • #94,433
  • Mar 3, 2019 4:08pm Mar 3, 2019 4:08pm
Quoting neosqualls
Hello people, Regarding attached screenshots, Tekkies, do you consider this as good sell? Thanks {image} {image}

Note today market open with gap down.

So if you have open sell position on Friday, you got lucky. be warned about gap and levitation man aka 'floating man'.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar04 Open Gap Down.png Size: 126 KB


Question is: Will the gap be filled? Yes, 80% of the time they do get filled. Lets see what happen later.

If you believe in trading the price gap, then do it one timeframe lower, M5.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,434
  • Mar 3, 2019 4:15pm Mar 3, 2019 4:15pm
Quoting emmanuel7788
Post#{quote} my reply to "Inside bars, outside bars, mother bars, pop guns,etc." those are basic price action things which I used to make Post#647 simpler and clearer remove the subjectivity in Post#647. I am sure Eric being a learning person would approve if he seen its effectiveness. To you maybe nonsense, but to many others, they see value. Post#647 How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the...
A other good chuckle.
Thank's Emmanuel you are really gem with word's.

How can inside bars, outside bars, mother bars, pop guns be less subjective then terminology used in Post#647?

Will not even try to debate this one.
Google "how subjective is price action patterns"
Some Result's:
- Nov 7, 2014 - In simple terms, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying solely on technical indicators.
----
Mar 10, 2018 - Price action is highly subjective and trading price action is even more ... Fibonacci, Elliot waves, harmonic patterns and then align examples of .Price action reversals are a simple candlestick pattern that has some punch. Trading ... Trading price action reversals can be very subjective unlike trading with ...

Too many to post.

Emmanual going to put you back on mental ignore, my family does not understand why I can't stop laughing. Have nice night / day.
  • #94,435
  • Mar 3, 2019 4:31pm Mar 3, 2019 4:31pm
Quoting Tekkies
{quote} A other good chuckle. Thank's Emmanuel you are really gem with word's. How can inside bars, outside bars, mother bars, pop guns be less subjective then terminology used in Post#647? Will not even try to debate this one. Google "how subjective is price action patterns" Some Result's: - Nov 7, 2014 - In simple terms, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying solely on technical...

@Tekkies,

You do not understand the meaning of what is being subjective.

big candle, small candles, ... are subjective. what is big to one person may be small to another.

Mother Bar and Inside Bar are very distinctly clear. To have a Mother Bar, there must be an Inside Bar. These are bar patter names you will find them in trading books and websites.

How you trade them, well that is another story.

In simple terms, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying solely on technical indicators. -

that statement you quoted using google search is correct. It says subjective trading decisions.

Go to bed and sleep well. Your brain needs rest. Laughter is the Best Medicine.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,436
  • Mar 3, 2019 4:42pm Mar 3, 2019 4:42pm
Quoting emmanuel7788
{quote} Note today market open with gap down. So if you have open sell position on Friday, you got lucky. be warned about gap and levitation man aka 'floating man'. {image} Question is: Will the gap be filled? Yes, 80% of the time they do get filled. Lets see what happen later. If you believe in trading the price gap, then do it one timeframe lower, M5.
EURAUD Mar 04 M5 reversal candle - NO!

That is not a reversal candle. If you still have not grasp what a reversal candle is, then you must go back to watch that video.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar 04 M5 reversal candle NOT..png Size: 47 KB


Definition of a TMS reversal candles are very clear and not subjective.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,437
  • Mar 3, 2019 5:14pm Mar 3, 2019 5:14pm
DE30 Mar 04 price open gap...

you can mentally ignore the gap... and trade blindly following the indcator cross, angle 12-2, ... 12-1 is better that 12-2, what about 12:45?

but that floating man will get tired, he can't sit there all day, his arse will get sore and he needs to get back down to earth.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 04 PRICE OPEN GAP.png Size: 165 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,438
  • Mar 3, 2019 6:15pm Mar 3, 2019 6:15pm
Can someone help me

which means exactly
How does the momentum look right now (12-2, 4-6)
or
Between 2/4 no trade.
- Between 2/1 and 4/5 are good signals to enter a trade.
- Between 12/1 and 5/6 are the best signals to enter a trade.
where do you know the explanation where you can see these numbers on the chart

Thank you in advance
  • #94,439
  • Mar 3, 2019 6:24pm Mar 3, 2019 6:24pm
Quoting tadekcorona
Can someone help me which means exactly How does the momentum look right now (12-2, 4-6) or Between 2/4 no trade. - Between 2/1 and 4/5 are good signals to enter a trade. - Between 12/1 and 5/6 are the best signals to enter a trade. where do you know the explanation where you can see these numbers on the chart Thank you in advance

The 12-2 and 4-6 were the OP visual guide of the TDI Green line which is an Moving Average of the RSI chosen default data period 13.

12-2 and 4-6 refers to the analog clock face hour hand.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI Clock face angle.png Size: 47 KB


on your chart, you look at the green line and make out the angle of the clock hour hand.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI clock face 12-2 4-6 price action.png Size: 92 KB


it is out dated because there are newer versions of he TDI which do not follow this clock face hour hand angle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,440
  • Mar 3, 2019 6:34pm Mar 3, 2019 6:34pm
Quoting emmanuel7788
{quote} The 12-2 and 4-6 were the OP visual guide of the TDI Green line which is an Moving Average of the RSI chosen default data period 13. 12-2 and 4-6 refers to the analog clock face hour hand. {image} on your chart, you look at the green line and make out the angle of the clock hour hand. {image} it is out dated because there are newer versions of he TDI which do not follow this clock face hour hand angle.
Many thanks for the answer
Good luck
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