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

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Trading Made Simple

  • #95,681
  • May 17, 2019 4:53am May 17, 2019 4:53am
Quoting anti-flash
Trading Made Snake
Hey AF,

obviously his puzzle is still not completed and worst is he got his puzzle on the wrong side up.... LOL
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Quoting Tekkies
Difficult to understand: Post that: - TDI is not in the winning equation. - indicator's are lagging. followed by: - post after post how to trade with TDI. - post after post how to use lagging indicators MACD / CCI to replicate lagging TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,682
  • May 17, 2019 10:55am May 17, 2019 10:55am
Quoting emmanuel7788
{quote} since you like the Snake, here is the Snake Trading System ....using Snake Force. Study carefully and how you can treat a lagging indicator that re-paints itself.... and yet make some money. https://www.forexstrategiesresources...rading-system/
@ emmanuel7788: Thanks a lot for your reply. I looked at the link you suggested. It appears to be quite different than the indicator I am referring to. I am hoping to get some coding help so that I can continue with my study further on this indicator.
  • #95,683
  • May 17, 2019 11:50am May 17, 2019 11:50am
Dear Tekkies and the rest of the forum, I hope all us you are very well and preparing for the weekend. I would like you to advise me in a situation like the one presented in the following graph: a good setup is shown for a short in the EUR / GBP pair, however we are against the trend, in a case like this you would take this trade? (The entry would be marketd by a clear blue line ) Thank you
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  • #95,684
  • May 17, 2019 12:24pm May 17, 2019 12:24pm
Quoting juantrader
Dear Tekkies and the rest of the forum, I hope all us you are very well and preparing for the weekend. I would like you to advise me in a situation like the one presented in the following graph: a good setup is shown for a short in the EUR / GBP pair, however we are against the trend, in a case like this you would take this trade? (The entry would be marketd by a clear blue line ) Thank you {image}
Trends change. How do you forecast when it will do so? You will always get a lot of signals monitoring M15 charts based on the TDI. If you donīt care about the next higher time frame you could probably enter on this particular setup. However watching the longer term picture like the H1 in this case the answer would be no. You should skip this and better wait for a buy signal here.
  • #95,685
  • May 17, 2019 1:46pm May 17, 2019 1:46pm
Quoting emmanuel7788
Week 20 May 16 Thursday, EURAUD and EURNZD moving again ... but not EURCAD. Trade Safe Folks,

May 17 EURAUD and EURNZD moving again .. we are in the money to close before NY 5PM closing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,686
  • May 17, 2019 1:49pm May 17, 2019 1:49pm
Quoting emmanuel7788
{quote} USDCAD Week 20 May 15 Update slow week for USDCAD, but it gets moving sooner or later, still trading in narrow range. I am feeling GREEDY now seeing some money on the table... {image}

USDCAD May 17...
it moved up and it move down ... now, take the money and walk away by the time NY closing at 5PM.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,687
  • May 17, 2019 1:52pm May 17, 2019 1:52pm
Quoting emmanuel7788
{quote} I trade what I see... started selling for past 2 weeks, look at your Weekly, it is rather bearish. if you are looking to sell now, your SL is way above and with some room to play when market goes into sideways market type conditions. TMS MEME Evoultion {image}

USDJPY May 17 holding on sell and see what happen around 110.50 , if it is bearish reaction, use that opportunity to breakeven or take some small losses.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,688
  • May 17, 2019 1:55pm May 17, 2019 1:55pm
Quoting emmanuel7788
{quote} {image} GBPCAD Week 20 May 16 UPDATE - trades closed and new basket open... {image}

GBP crosses May 17,

GBPCAD did better that GBPAUD and GBPNZD... Go with the FLOW into next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,689
  • Edited 2:23pm May 17, 2019 2:02pm | Edited 2:23pm
Quoting emmanuel7788
Big E' three amigos - AUDUSD, EURUSD and GBPUSD, it is about time I spend more time on these three pairs and start preparing for some short term buys. WAITING ....

Big E' three amigos - AUDUSD, EURUSD and GBPUSD,

are still riding in the same direction ... EU is slowest of the 3. Their cousin NZDUSD just follow along.

if anyone has a bad week with the three amigos, well your bad week will also end at NY 5PM today.

Look at the bright side, Sunday 5PM NY market will open again. Make next week your good week.

Thanks but no thanks to President Trump for making many winners and losers in retail forex.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,690
  • May 17, 2019 2:05pm May 17, 2019 2:05pm
Quoting lddd
{quote} Trends change. How do you forecast when it will do so? You will always get a lot of signals monitoring M15 charts based on the TDI. If you donīt care about the next higher time frame you could probably enter on this particular setup. However watching the longer term picture like the H1 in this case the answer would be no. You should skip this and better wait for a buy signal here.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,691
  • May 17, 2019 2:13pm May 17, 2019 2:13pm
Quoting fxpiplove
{quote} @ emmanuel7788: Thanks a lot for your reply. I looked at the link you suggested. It appears to be quite different than the indicator I am referring to. I am hoping to get some coding help so that I can continue with my study further on this indicator.

same site but #56#.

if you want to continue with your study with that lagging and re-painting indicator. When you have enough experience and know how to trade with a lagging and re-painting indicator, you can make some money.

Fact: Nothing wrong with lagging technical indicator.

There are 8 Edges you need to have as this book front page suggests, but 5 would be good enough to be winner 60% of the time.
It is not that hard as it seems. Some people make it look hard so that they can make your money. Others make it look too simple.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,692
  • Edited 5:51pm May 17, 2019 5:27pm | Edited 5:51pm
Quoting juantrader
Dear Tekkies and the rest of the forum, I hope all us you are very well and preparing for the weekend. I would like you to advise me in a situation like the one presented in the following graph: a good setup is shown for a short in the EUR / GBP pair, however we are against the trend, in a case like this you would take this trade? (The entry would be marketd by a clear blue line ) Thank you {image}
-------
Please take note of the time difference between my charts and your posted chart. The cross over (purple line)on my chart might be wrong.
M15 crossover with Post#647 On a point base:
- Green angle below 5 +2
- Stoch confirm direction +1
- Enter on candle 1 +1
- Zoom out and look left. No other candles to the left to show you if M15 is testing a resistent zone / line / level.
So put a red H-line at 0.87455 +1
Why? Look how the blue bar wicks have tried to reach that level.
Would say you are now in what is called "white space" or "empty space". I like to think of no-mans-land. One that is filled with anti-personal landmines. You got no historical data to help you make a decision.
- Price on your chart has crossed 5EMA +1
- Are you in a short term trend Yes -1
- Are you with or against the long term trend yes -1
- Length of bar? Long +1
- Length of wicks?
Got a problem. Wicks are long at the bottom and short on top. Buyers are trying hard to push price up. Seller were strong and pushed price down with that long red bar. Wicks are giving no helpfully information -1
Bonus point for a double top +2
9/13 is worth a sell consideration. Should you take it, I am not you, it is not a 13/13.
Me yes, Juan I would take that sell order on M15.

Here is my reason: a Double conformation with M15H1.
- M15 has crossed over, wait for H1 to confirm with TDI green and stoch:
Go for a sell when:
- Both TDI green are below 4
- Both Stoch are confirming direction
Three win's and one loss. I would be happy with those pips, any time.
Edit: Slap a break-even on every trade and there will be no losses. Manage your trade's while they in progress.
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  • #95,693
  • May 17, 2019 5:43pm May 17, 2019 5:43pm
Thank you Tekkies
  • #95,694
  • May 17, 2019 6:49pm May 17, 2019 6:49pm
Many thanks to both of you, Tekkies and Iddd. Each of you expressed a different opinion and I think both are respectable because in that specific example you could win 15-20 pips but there was a risk imminent to be against the macro tendency, in itself the configuration was good or acceptable, everything depends on the risk that each one wants to assume and the type of trader that you are .... Happy weekend
  • #95,695
  • May 17, 2019 7:34pm May 17, 2019 7:34pm
Quoting Tekkies
{quote} ------- Please take note of the time difference between my charts and your posted chart. The cross over (purple line)on my chart might be wrong. M15 crossover with Post#647 On a point base: - Green angle below 5 +2 - Stoch confirm direction +1 - Enter on candle 1 +1 - Zoom out and look left. No other candles to the left to show you if M15 is testing a resistent zone / line / level. So put a red H-line at 0.87455 +1 Why? Look how the blue bar wicks have tried to reach that level. Would say you are now in what is called "white space" or "empty...

#back to the basics#

@Tekkies,

what happen to Follow only Big E' Posts and his Post#261?

trading is not brain surgery. that was a simple M15 trade and Big E posted many M15 trade examples and training charts.

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 I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. 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... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...

Keep It Simple : #back to the basics#

Divergence is not part of TMS but that is add-on.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP May 16 M15 18-05-2019 08-15-04.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,696
  • May 17, 2019 7:47pm May 17, 2019 7:47pm
Quoting juantrader
... example you could win 15-20 pips but there was a risk imminent to be against the macro tendency, in itself the configuration was good or acceptable, everything depends on the risk that each one wants to assume and the type of trader that you are .... Happy weekend
yes, trading is about taking known risks and managing risks.

you could win 15-20 pips but there was a risk imminent to be against the macro tendency, in itself the configuration was good or acceptable, everything depends on the risk that each one wants to assume and the type of trader that you are ....

trading is about entry and exits.
it is always one entry must have two exits.
Exit no.1 is your SL
Exit no. 2 is your TP
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,697
  • May 17, 2019 8:39pm May 17, 2019 8:39pm
Quoting emmanuel7788
Quoting Tekkies
.. What for? Suffer the same attack's like other member's with outstanding TE's. Being accused of using fake TE's, Photoshop. No thanks. David went through that with Ronda Rousey and other troll's. Can remember how you trolled, mocked David on a daily base like you are doing now with Tekkies. Anyway it won't stop you from posting. ----- How about this one Emmanuel. Before I open M15H1 TE for public viewing you Emmanual have to agree to this terms and conditions: - You immediately unsubscribe from Forex Factory. - Never join
...
Dear emmanuel,

Can you add me to your FX Blue white list?

See your PM pls.

thanks
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #95,698
  • May 17, 2019 8:39pm May 17, 2019 8:39pm
Quoting Tekkies
{quote} ------- Please take note of the time difference between my charts and your posted chart. The cross over (purple line)on my chart might be wrong. M15 crossover with Post#647 On a point base: - Green angle below 5 +2 - Stoch confirm direction +1 - Enter on candle 1 +1 - Zoom out and look left. No other candles to the left to show you if M15 is testing a resistent zone / line / level. So put a red H-line at 0.87455 +1 Why? Look how the blue bar wicks have tried to reach that level. Would say you are now in what is called "white space" or "empty...

#back to the basics#

When Big E trade H1, he took all his information from his H1 chart. he did not flip up and down the timeframes with his H1 chart. He did no refresh his charts when he trade.

But when he has doubts about the TDI, he would simply checks other templates. Which other templates? make a guess.

Which post comes first? Which post shall we follow in logical sequence? Post#261 or Post#647 ?

Keep It Simple : #back to the basics#

learn from doing post trade - POMO below

important to master the basics, forward tests with live trades for 36 months and check if you have CONSISTENCY trading with the basics.

you will learn plenty during the 36 months live trading.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP May 16 H1 POMO 18-05-2019 09-20-54.png Size: 68 KB


Have a fun weekend, I am having lots of fun this weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,699
  • May 18, 2019 5:09am May 18, 2019 5:09am
Quoting emmanuel7788
{quote} yes, trading is about taking known risks and managing risks. you could win 15-20 pips but there was a risk imminent to be against the macro tendency, in itself the configuration was good or acceptable, everything depends on the risk that each one wants to assume and the type of trader that you are .... trading is about entry and exits. it is always one entry must have two exits. Exit no.1 is your SL Exit no. 2 is your TP
Hi Emmanuel,
I Love this statement "trading is about entry and exits. it is always one entry must have two exits. Exit no.1 is your SL Exit no. 2 is your TP" . When I focus more on risk management and exit strategy, all of my statistic grow stably and steadily. I still have many things to learn and practice to improve and grow consistently:
- Focus more on price action
- Find the best MEME version/optimization to fit my strategy (many things to test: mini basket, multiple ratio...)
- Spend extra time for fundamental analysis (I don't know if it helps but it is worth for sure)
Have a fun weekend...

Thank you,
Son Nguyen
Attached Image
  • #95,700
  • May 19, 2019 3:15am May 19, 2019 3:15am
hiya,


Q1) What's the EMA period in this TMS strategy? I tried to install the template file in the {data-folder}/templates. It will not load in my MT4. ?
Q2) Can someone tell me how many indicators and templates do this strategy has for each version/method of it?

Tnx
<3
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