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

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Trading Made Simple

Quoting Tekkies
Last month Feb 2019 this thread was flooded everyday with REVERSAL candle. --- Now suddenly chart's are posted with "Follow Price Action" and Three Time frame method. Wonder why?
Well, he's a bit like a Magpie....he see's a shiny new object (to him) and it suddenly becomes the best thing since sliced bread was invented, and he likes to use it at every opportunity, for a short time. A while back it was pop guns, before that it was steam valves, before that is was inside bars, before that it engulfing candles. He'll find something else soon enough. What it shows though, is that in "30 long years" he hasn't yet found CONSISTENCY (caps used for sarcastic effect!! )

He's right though, in that looking at 3 TF's for confluence is better than 2, but then 4 is better than 3. Where does one draw a line? Personally I look at 3 TF's, but if the 3rd TF isn't perfect, but is showing signs of confluence, then I will enter, in which case you could argue that 2 TF's is sufficient.....which, for the most part it is. But it doesn't do any harm to consult the 3rd TF
Doing what you like is Freedom. Liking what you do is Happiness.
I think it's good too SELL
TDI down
Stoch down.
Pivot 78
And i see PA.

Maybe long
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Quoting Tekkies
{quote} Follow TDI. Think. Don't get married to those entry's and try and stay in a trend. Take what the market is willing to give. - Trading D1 or H4 (can't give advice - ask a member who does) You feel like staying longer in then do so. The trend might or might not go down some more. {image} edit: DON'T THINK STICK TO THE RULES {image}
Follow TDI.
After dropping the ball yesterday, following TDI with M15H1 with the simple rules (Post 94,406), one set up has recovered all lose yesterday.
-----
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.
1. Grow the account bit by bit.
2. Keep doing it over and over every day.
----
Look at chart posted Post 94,719 the following comes to mind:
Post#6:
Entries and exits...
- We Enter a trade when green crosses red on the TDI at the beginning of that candle...
- If it's candle 3 or more don't enter... find another trade set up.
- The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Post#4278
- I expect each trade to move 3-8 candles. I like to enter on candles 1 or 2 only unless it's a bounce or re-entry trade.
-----
- Which time frame (TDI cross over) is used to enter a trade?
- Do you wait for H4 REVERSAL candle?
M15 TDI crossover and bounce has occurred xxx bars back
H1 TDI crossover xxx bars back
H4 has only a reversal candle
----
Looks like price action on that chart sucks big time. Would rather start with TDI M15 crossover and allow price to take the trade to the next higher time-frame.
From M15 > M30 > H1 > H4 > D1.
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Quoting eInvestFX
I think it's good too SELL TDI down Stoch down. Pivot 78 And i see PA. Maybe long {image}
You are late with that entery!!!
Post#6:
Entries and exits...
- We Enter a trade when green crosses red on the TDI at the beginning of that candle...
- If it's candle 3 or more don't enter... find another trade set up.
- The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
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Quoting realjumper
{quote} Well, he's a bit like a Magpie....he see's a shiny new object (to him) and it suddenly becomes the best thing since sliced bread was invented, and he likes to use it at every opportunity, for a short time. A while back it was pop guns, before that it was steam valves, before that is was inside bars, before that it engulfing candles. He'll find something else soon enough. What it shows though, is that in "30 long years" he hasn't yet found CONSISTENCY (caps used for sarcastic effect!! ) He's right though, in that looking at 3 TF's...
That is the main reason I stared to use two time frames.
Yesterday I looked at M5.
Went outside the rules (myne) and paid the price.
----
Where does a trader draw the line?
- As asked in previous post, which time frame is the "master" time frame.
Use M15 (green) as master or H1 or H4
Sample:
- H1 green - H4 red - D1 green - W1 red - MN green (which one do you consult? All time frames are not in sic)
It is like Tom (the trader) and Jerry (price) carton's. Most of the time Jerry does the winning and Tom takes a fall because he used the wrong chart to consult.
Quoting Tekkies
{quote} That is the main reason I stared to use two time frames. Yesterday I looked at M5. Went outside the rules (myne) and paid the price. ---- Where does a trader draw the line? - As asked in previous post, which time frame is the "master" time frame. Use M15 (green) as master or H1 or H4 Sample: - H1 green - H4 red - D1 green - W1 red - MN green (which one do you consult? All time frames are not in sic) It is like Tom (the trader) and Jerry (price) carton's. Most of the time Jerry does the winning and Tom takes a fall because he used the wrong...

Yes, good points.

I like to keep the TF's a bit closer though. For M5 trading, I would look at M15 for sure, and probably M30 as well. Possibly H1 to get an overall picture, but mostly the M5, M15 and M30 is good enough.

For M15 trading I would use M30 and (maybe) H1 as my higher TF's. For me, H4 is too far away from my M15 entry TF.
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting eInvestFX
I think it's good too SELL TDI down Stoch down. Pivot 78 And i see PA. Maybe long {image}

Hi eInvestFX,

Good trade.

You see PA. very good. But where is the APB/HA candles?

I see PA too.
Price fails at the swing high, then CONSOLIDATION seen with the Inside Bar.
Then next came the REVERSAL candle which Big E mentioned very often and in his Post#261.

Several entry possibility when we know exactly what to look for and always ready to pull the trigger.

Best entries are usually APB/HA candle#1 and #2 for reversals. You can also made entry on candle#3. See Post#351 for Big E example. That is an exception to the basic rule.
Condition is the price action must show strong momentum and you can see a tweek in the TDI Green line.

APB/HA candles are important and the use of 5EMA, that is what Big E see as PA and direction.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} You are late with that entery!!! Post#6: Entries and exits... - We Enter a trade when green crosses red on the TDI at the beginning of that candle... - If it's candle 3 or more don't enter... find another trade set up. - The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Okey. Tell me is okey too trade ?

AUDNZD TF 30 MIN

SELL

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@emmanuel7788

Thanks for information !!! I learning this system. And i liked !!!
But i have one problem i not good understand english so for me is hard.
But one day, i show you good result for this system.
Thanks.

P.S @Tekkies Thanks too.
I am a 4H swing trader. And like Big E, I love to trade every 4 hours, check my charts once every 4 hours and when I sleep, I skip one H4 so its no big deal.

But I have several favourite templates like this one below.

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I look at what other traders would be looking at. For example, M30 traders will see trade opportunities while I am waiting for new trade setups.
To trade 4H swing, I look at the D1 and the W1 and I would not trade against these two timeframes but with few exceptions.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting eInvestFX
{quote} Okey. Tell me is okey too trade ? AUDNZD TF 30 MIN SELL {image}
Not going to tell you to trade.
That will make me responsible for your loss. If the trade goes into profit will you give me a cut of the profit?
--------
What are the rules (post#647)
- TDI crossover with a angle below 4
- Stoch confirm direction
- Below 5EMA
- Bar's are OK
- Wick's
Too many wicks at bottom of bar's. (Buyer's are trying to push price up.
- Chart to small to see where S/R level is.
- Chart to small to see where consolidation is.
----
Based on the little information showed, those wick's will make me think twice before placing a sell.
Quoting eInvestFX
{quote} Okey. Tell me is okey too trade ? AUDNZD TF 30 MIN SELL {image}

Hi eInvestFX,

I see you have one entry and two exits. That is the very basic.

Two exits - one SL and one TP.

Your TP is 2 times your SL. If you win 50% of the time, and lose the other 50%, you will achieve positive Expectancy and you will make money over a long term trading.

What is Expectancy?

See my post#94,730 above.

Tell me what do you understand from that chart template.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Hello to the tms community, I have returned to the thread after a long time(personal lay-off). My problem lies with trading the 4H timefreme. More often than not,after I have entered a trade on the H4 and my trade is in profit for the first three hours...there is red news in the last hour of my H4 candle.....which takes away my profit and more. Is there a way to circumvent the problem or do I just stay out till the news comes out. All advice will be much appreciated. Thank you.
Quoting emmanuel7788
{quote} DE30 Mar 13 H4 2AM candle Confirmed we have a H4 REVERSAL candle... Big E' aggressive setup . M15 show HH HL with higher Close.... for me. H1 still risk the correction. You decide base on the risks you see and how you mitigate those risks. {image}
DE30 Mar 14 update SWING Trading

That H4 REVERSAL candle worked out very well. Trade exactly following Post#261 and to see if that reversal will eventually run 3 to 8 candle. So far, we have seen the swing is its 5th candle. I made my 10% for this current 20-trading days. The remaining two weeks till end-March will be bonus.

All you need is to look for potential swings in the price. Each swing starts with only one REVERSAL, that's all you need, one reversal candle per swing.

Trade H4 following Big E's posts only but I add my own money management strategy and using multiple entries / multiple exits MEME which is my own version of TMS II which uses Risk and R-Multiple and Position Sizing. Big E did not use Position Sizing, he would enter one single trade at full risk and have conservative exit strategy either when he sees the TDI Green goes flat or in cases where price pulls back against his trade by 15 to 20 pips, he would exit. He cut his losses fast because of the large 2 to 4 standard lots single entry.

When I trade H4, simply ignore all the noise in H1 and M15 and keep focus on the price structure as I see them on M15 for example. So long as H4 continues to make HIGHER HIGH and HIGHER LOW, the UP-trend is intact. Important thing is H4 must make higher CLOSE at end of each period.
Notice the H4 TDI Post#25 went flat but check the market timing.

But look at the overall price action. Even on M15 shows the same HIGHER HIGH HIGHER LOW structure.
When I look at the M15 and H1, it can be stressful seeing the price chopping up and down and the TDI crosses in different directions many times. But one look at H4 and the use of the Average Price Bar/HeikenAshi candles, I know the benefits and that is one key reason Big E uses the APB/HA he mention in Post#261.
5EMA will show the direction of the PA as a guide and it help me stay in the trade longer. That is key reason why Big E has the 5EMA on his charts.


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Important posts for Trading Made Simple for those with 3 to 5 years trading experience.

Click and read One, Two and Three

If you do not follow these posts and use Big E chart templates setup, you are not trading TMS 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} DE30 Week 11 Mar 11 to 15 Interesting week ahead for DE30 lovers. Will it be bull or bear? D1 tested the MN swing level 11433.00 and pulled back upwards. {image} W1 close looks rather bearish, if selling where do you place your initial stop loss which you would be your Risk 'R' and do your trade Positions Sizing? I have remaining 2 buy open positions in one basket and if market goes sideways, I can possibly look to breakeven the basket or even take some profits if the swing is wider. {image} Have a good trading week folks,
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DE30 Week 11 mid-week UPDATE:

So far, this week has been bull. I remain on the buyers side for today with one open basket.

We shall see if 11690 will be tested today or maybe tomorrow. If it does, then my bonus for this week....

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} EURAUD Mar 13 H1 update FO That was a nice SYD_2H breakout with good profits. Quick review to learn from... break up and pullback, then move again higher and pull back a second time, ... price do not travel in a straight line, it makes waves. {image}
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EURAUD Mar 14 yet another SYD_2H breakout trade

I am in 4H swing since yesterday.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} Follow TDI. After dropping the ball yesterday, following TDI with M15H1 with the simple rules (Post 94,406), one set up has recovered all lose yesterday. ----- 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...
Quoting eelfranz
For those who are new: I went to www.compassfx.com and downloaded their free TDI Indicator and put it into my indicator file. On the Chart: I copied the Synergy Template at www.compassfx.com I then removed everything off the TDI but the green and red... and saved it. The Synergy Template gives you the HA Candles on it. I then removed the two yellow lines above and below PA. I then added my own moving average set to: 5, ema, shift 3, exponential, typical price... and saved...
Good to re post#4278 in its entirety this below so that you get the complete context of that Big E post.

For those who are new:

I went to www.compassfx.com and downloaded their free TDI Indicator and put it into my indicator file.

On the Chart: I copied the Synergy Template at www.compassfx.com

I then removed everything off the TDI but the green and red... and saved it.

The Synergy Template gives you the HA Candles on it. I then removed the two yellow lines above and below PA. I then added my own moving average set to: 5, ema, shift 3, exponential, typical price... and saved it.

I then brought up a chart and added the Template, added the TDI red & green indicator... and saved it.

Now I had a complete Template I could put on any chart. This works on all timeframes... any chart. I've taught you what to look for on the TDI for entries... study the charts already posted.

I don't trade charts under 1hr because lower than that there are too many false signals or head fakes. However, Dean Malone trades the 15 min charts and normally makes 50 pips or more per day. He usually starts trading at 8am EST for 2-3 hours.

I don't like to trade during the day because the PA is more jerky... I trade the 4hr charts. I check my 8 pairs (as posted) at 1am Eastern time and 5am eastern time. Those times are 10pm and 2am for me. I don't monitor the trades... I go to sleep. I get plenty of signals and the market is generally smoother... and I make more pips during those hours.

I expect each trade to move 3-8 candles. I like to enter on candles 1 or 2 only unless it's a bounce or re-entry trade.

When I'm in a trade and I see the TDI green line go flat, hook over or do a check reversal... before exiting I like to look at PA in relation to the 5 ema line. If PA still looks strong I'll consider staying in the trade but monitor it from that point on. . If I see PA reversing I'll usually exit.


*** important *** it is PA first and not always TDI goes flat, hook , checkmark, ...etc

before exiting I like to look at PA in relation to the 5 ema line. If PA still looks strong I'll consider staying in the trade but monitor it from that point on. . If I see PA reversing I'll usually exit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting kain775
is it just me ...or do divergences which end in a double top/price unable to close past the prior swing high [but wick is higher] ....have a better win rate than when price makes an official higher high with divergence ?
divergence example

DE30 Mar 14 H1

not all divergence based trades will be profitable.

use divergence as one criteria to look for trade setups.

but bear in mind, divergence do fade away.

when you read Big E posts and his training charts, there are also cases where you will see these divergence but Big E did not refer them but he did mention about the PA and the TDI 'humps'.

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to better understand how to pick high probability trades with divergence, read that RSI book.

technical divergence between price action and its RSI,

RSI: The Complete Guide by John Hayden [download]

The Truth about Divergence ... read Chapter 4 Page 65

something must happen before we see price vs RSI divergence! you must learn to see that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Is this entry is not too late in your opinion
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Heiken Ashi candles is admirable and good. I like
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