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Trading Made Simple

  • #95,881
  • May 24, 2019 8:50am May 24, 2019 8:50am
Follow TDI

M15 did made a few crossover.
- M15 Stoch did not confirm them.
Took the last M15 crossover
- Nice M15 green angle below 5.
- H1 green angled down.
- Stoch confirm the new direction.

Attached Image (click to enlarge)
Click to Enlarge Name: follow1114.PNG Size: 49 KB
  • #95,882
  • May 24, 2019 10:12am May 24, 2019 10:12am
Quoting Tekkies
{quote} Looking at chart posted, show that you are cultivating a bad habit. Two buy order's when APB are red. What made you so sure that price will move up. (Higher time frame?) The market does not care what you think. Neither Price Action nor TDI will save account from knowingly going against the trend. ---- Why do you have ABP on the chart when you don't trade according to what it shows you?

@Tekkies

Please note that Cj.cn only started to learn to trade with Multiple Entries Multiple Exits this month. He still has a lot read and learn and to do live market trading practice. It will take about 2 to 3 years constant practice to master trading with MEME.
I will continue to guide him and provide him more study resources over the next 12 months.
Please be patient with other members learning to trade and learn to trade TMS 5-Method.

In trading with MEME, we emphasize on risk management and place our trades with %risk and use proven position sizing strategy. We trade with basket of trades and manage the average entry price of the basket of trades. The APB/HA candles should only be use on the trading chart timeframes and not when we want to show the trade details in lower timeframe charts like M15, M5, etc. His trades as I can read were H4 swing trades. It was an innocent error to show MEME trades done on H4 chart timeframes on M15 charts. It confuses people and you got confused by his M15 chart with APB/HA candle. The APB/HA is one of the key components in TMS 5-method and we used that in MEME strategy. You can watch those APB tutorial videos linked posted by Big E in his old thread.
In trading with MEME, we have our trade management tasks to follow according to our exit strategy.

Your are correct to say that the market does not care about what traders see as price action and similarly the market does not care about what traders see as price momentum derived for the RSI data. All these are commonly known a technical studies. Therefore, the market will do whatever it wants and does not care if the TDI green crosses red, green line hook back, green line goes flat, make check mark, etc. all these TDI green line are calculated from the RSI data whether we use Close price, Typical price, whatsoever...

Lets all be open minded and promote a positive and constructive discussion environment in this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,883
  • May 24, 2019 10:22am May 24, 2019 10:22am
Quoting Tekkies
Follow TDI M15 did made a few crossover. - M15 Stoch did not confirm them. Took the last M15 crossover - Nice M15 green angle below 5. - H1 green angled down. - Stoch confirm the new direction. {image}

DE30 May 24 H4 reversal candle 1200 candle CLOSE.

Now we see the 1600 candle on all 3 timeframes - M15, H1 and H4... synchronized.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 24 M15 H1 H4 reversal candle 1600 24-05-2019 23-18-27.png Size: 67 KB


Look at the TDI condition of all 3 timeframes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,884
  • May 24, 2019 10:47am May 24, 2019 10:47am
Quoting emmanuel7788
{quote} DE30 May 24 H4 reversal candle 1200 candle CLOSE. Now we see the 1600 candle on all 3 timeframes - M15, H1 and H4... synchronized. {image} Look at the TDI condition of all 3 timeframes.
So would you enter into a sell even with the SToch in OS? I usually try to have the Stoch coming out of the OB sloping down if I can swing it. I just got onto this system yesterday so looking to get opinions from you more experienced guys with this system. So far for TP, I aim for structure based on HA candle momentum and put SL below last swing or back a few candles on the 4H. What you think?
Green pips to all
  • #95,885
  • May 24, 2019 7:19pm May 24, 2019 7:19pm
Quoting ScorpioForex
{quote} So would you enter into a sell even with the SToch in OS? I usually try to have the Stoch coming out of the OB sloping down if I can swing it. I just got onto this system yesterday so looking to get opinions from you more experienced guys with this system. So far for TP, I aim for structure based on HA candle momentum and put SL below last swing or back a few candles on the 4H. What you think?

Hi ScorpioForex

So would you enter into a sell even with the SToch in OS?

YES. Only when the market type condition is Trending and trading with price action in an establish trend. Also when there is breakout.

NO. Not in narrow range sideways market type conditions.

In wide range sideways market type conditions, selling using price action at resistance seen in the OB regions and buying price action at support seen in the OS region is a proven strategy.

Example of variations of TMS using Stochastics(14,3,3) is medhi343 Method#1.
Both his Method#1 and Method#2 works but traders need discipline and pick the best setups and timing the market.

Attached Image (click to enlarge)
Click to Enlarge Name: medhi343 tms 25-05-2019 08-05-44.png Size: 375 KB


Thread link:
https://www.forexfactory.com/showthread.php?t=588548

Medhi' thread was moved to the commercial forum according to FF rules.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,886
  • May 24, 2019 7:21pm May 24, 2019 7:21pm
Quoting ScorpioForex
For what it's worth guys, I found higher success trading off the 4H

Yes, that is correct and also trading the Daily and Weekly setups are both more profitable with proven money management strategies.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,887
  • May 24, 2019 7:30pm May 24, 2019 7:30pm
Quoting Tekkies
{quote} Looking at chart posted, show that you are cultivating a bad habit. Two buy order's when APB are red. What made you so sure that price will move up. (Higher time frame?) The market does not care what you think. Neither Price Action nor TDI will save account from knowingly going against the trend. ---- Why do you have ABP on the chart when you don't trade according to what it shows you?
Hi, Tekkies

Two buy order's when APB are red.
That are two MEME adds-on trades.
Of course, it is better to adds-on after APB change color and TDI cross on M15, but I do not have enough time to check the chart.
So, I just make a plan 0.25ADR distance to adds-on.

What made you so sure that price will move up. (Higher time frame?) The market does not care what you think.
Are you playing a joke on me? Of course, I am not sure that price will move up.
If I am sure that, I will not need the plan, not need the Money Management, not need the SL, and I will opne a 100 (or 1,000)lots position.
We do not trade the market, we trade our perspective about market. I followed the weekly trend, followed my system.

Why do you have ABP on the chart when you don't trade according to what it shows you?
when I opened my 1st position, I used that.

thanks emmanuel again for your helps and share.

Regards

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #95,888
  • May 24, 2019 8:08pm May 24, 2019 8:08pm
Quoting Cj.cn
{quote} Hi, Tekkies Two buy order's when APB are red. That are two MEME adds-on trades. Of course, it is better to adds-on after APB change color and TDI cross on M15, but I do not have enough time to check the chart. So, I just make a plan 0.25ADR distance to adds-on. What made you so sure that price will move up. (Higher time frame?) The market does not care what you think. Are you playing a joke on me? Of course, I am not sure that price will move up. If I am sure that, I will not need the plan, not need the Money Management, not need the SL,...
Hey Cj.cn

Don't let Tekkies comments affect you and your trading psychology. It is her mind game here. She does not believe in multiple entries using %risk and position sizing. Her post#95885 above shows she trade with many entries with TDI crosses which shows no strategic consistency how she placed her many entries. That is not a good trading habit. Time will tell if her money management method is profitable.

Below is my update for my EURGBP Live trades this week:

Current with 3 open positions and the average entry price for these 3 positions is 0.88296. Floating loss is $227.69 about 10% of my banked-in profits $2264.42.
Trading with banked-in profits is re-investing in the trending market type.

Look at the D1 APB/HA candles, they are bullish for many days and above the 5EMA. Big E's rule using the 5EMA for directional trading. Note the price bar low touched the APB/HA candle Open, that is the average open price of the day.
Next, flip to your Weekly chart timeframe and check the APB/HA candles, are the APB/HA candles bullish?

You can also flip down to H4 and see the APB/HA candles. Remember what Big E said in his posts about HA candles change colour when price pull back in a trend, how he would trade the bounce using PA. He was a single entry single exit trader trading with 2 to 4 standard lots in one single entry trade. In TMS MEME, we split our full risk$$$ into smaller positions. This require money management skills and lots of real time market practice. Take your time, read , learn and do your daily practice. Learning to trade is a life long process. Big E is right in his Post#296.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 21 May 24 market close 25-05-2019 08-43-19.png Size: 63 KB


Do I worry if there is weekend price gap? NO.

My weekend is stress-free trading TMS MEME.

Enjoy your weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,889
  • May 25, 2019 1:13am May 25, 2019 1:13am
Quoting Cj.cn
{quote} Hi, Tekkies Two buy order's when APB are red. That are two MEME adds-on trades. Of course, it is better to adds-on after APB change color and TDI cross on M15, but I do not have enough time to check the chart. So, I just make a plan 0.25ADR distance to adds-on. What made you so sure that price will move up. (Higher time frame?) The market does not care what you think. Are you playing a joke on me? Of course, I am not sure that price will move up. If I am sure that, I will not need the plan, not need the Money Management, not need the SL,...
It is not a fight CJ.
Commented on what you posted.
"My trade TimeFrame is H4, not M15. and use MEME to manage my trade."
-----
Now you add: "I followed the weekly trend".
----
Principle still stay the same. When the long term trend is up (your weekly trend) then place only trades when ABP is blue and at beginning of the second blue bar.
- You will have less draw down on new trades.
- Trades will move faster into profit.
----
"we trade our perspective about market" The market care less about your perspective.......................
----
"followed my system"
Now the fun start's CJ. Your own battle against yourself.
- When you have a string of losses are you going to doubt your system?
- tweak the rules?
- let greed dictate the lot size?
- add one more trade for that extra little profit?
( how about one more)

Enjoy the ride CJ, all the hard work will pay off sooner or later.
  • #95,890
  • May 25, 2019 2:41am May 25, 2019 2:41am
Quoting Tekkies
Follow TDI M15 did made a few crossover. - M15 Stoch did not confirm them. Took the last M15 crossover - Nice M15 green angle below 5. - H1 green angled down. - Stoch confirm the new direction. {image}
HI, what would be your exit plan or time for this trade. Breakeven or stepping the stop-loss.? I also trade the lower time frames due to small account size.
  • #95,891
  • Edited 3:34am May 25, 2019 3:00am | Edited 3:34am
Quoting Tekkies
{quote} It is not a fight CJ. Commented on what you posted. "My trade TimeFrame is H4, not M15. and use MEME to manage my trade." ----- Now you add: "I followed the weekly trend". ---- Principle still stay the same. When the long term trend is up (your weekly trend) then place only trades when ABP is blue and at beginning of the second blue bar. - You will have less draw down on new trades. - Trades will move faster into profit. ---- "we trade our perspective about market" The market care less about your perspective..........................
Hi, Tekkies

Commented on what you posted.
Yes. welcome.

Now you add: "I followed the weekly trend".
Sorry, re-answer your question on post 95884 "What made you so sure that price will move up. (Higher time frame?)"

Yes, you are right. I think price will move up because I followed the weekly trend (Higher time frame).
but I am not 100% sure that.

"followed my system"
- When you have a string of losses are you going to doubt your system?
I have my answer. What's your answer? Do you trust your system?
- tweak the rules?
Again, do you trust your system? If not, tweak the rules until you trust.
“Learning to trade is a lifetime process.” Big E is right in his Post#296 thanks BigE and emmanuel.
- let greed dictate the lot size?
No. we have our Risk management.
- add one more trade for that extra little profit?
We have our trading plan include adds-on trade.

thanks

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #95,892
  • May 25, 2019 4:27am May 25, 2019 4:27am
Quoting bluexpec
{quote} HI, what would be your exit plan or time for this trade. Breakeven or stepping the stop-loss.? I also trade the lower time frames due to small account size.
Exit is the same as for entry.
M15
- TDI green cross red
- Angle above below 2, 4
Stoch confirm direction
H1
- TDI green check mark, hook over, goes flat.
Stoch confirm direction.
Look a previous chart's posted. Blue / Yellow trend lines
  • #95,893
  • May 25, 2019 4:41am May 25, 2019 4:41am
Quoting Cj.cn
{quote} Do you trust your system?
The one of the most difficult decision to make in trading.
YES.
  • #95,894
  • May 25, 2019 6:21am May 25, 2019 6:21am
Quoting emmanuel7788
{quote} I will continue to guide him and provide him more study resources over the next 12 months.
you can send me study-resource and guides too
<3
  • #95,895
  • May 25, 2019 5:58pm May 25, 2019 5:58pm
Quoting BlondePeach
{quote} you can send me study-resource and guides too

Hi BP,

I have not seen your posts with TMS chart template.

Have your read all of the OP posts in this thread? He made 463 posts and including his last one Post#12912 here below:

So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY.

Start your learning to trade journey by following the OP Big E here in Forex Factory. He was a good man and a honest person. He was not any of the market wizards you read in books and commercial news and interviews.

When you have complete reading from Post#1 up to Post#12,912, let me me and I will show you where the other resources you would need to continue your learning journey.

As you read on, start posting charts with your questions and be active in discussions here. This will help you learn much quicker.

Here is a link to one of my recent post,
https://www.forexfactory.com/showthr...3#post12285003

make an attempt, do that reading and learning exercise.

Enjoy the fun during your learn to trade journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,896
  • May 25, 2019 6:07pm May 25, 2019 6:07pm
Quoting Tekkies
{quote} Exit is the same as for entry. M15 - TDI green cross red - Angle above below 2, 4 Stoch confirm direction H1 - TDI green check mark, hook over, goes flat. Stoch confirm direction. Look a previous chart's posted. Blue / Yellow trend lines
Exit is the same as for entry.
M15
- TDI green cross red
- Angle above below 2, 4
Stoch confirm direction
H1
- TDI green check mark, hook over, goes flat.
Stoch confirm direction.
Look a previous chart's posted. Blue / Yellow trend lines

Hey Folks,

If you follow these rules above by Tekkies, you will never make any money trading in live market.

Market will open at NY Sunday 5PM.

You can test these rules and see whether you will make money in live market conditions.

Let's see some CONSISTENCY 36 months would be perfect. But you just need to achieve your first 3 months following those rules, then continue onto your 4th month, then your 5th month, then your 6th month .... you will eventually reach your 36th month.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,897
  • May 25, 2019 6:12pm May 25, 2019 6:12pm
Quoting Tekkies
{quote} The one of the most difficult decision to make in trading. YES.

@Tekkies,

ask yourself this same question at the end of 36 months.... May 2021.

the last time I asked myself was Dec 2017.... today I have counted 17 times YES.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,898
  • May 25, 2019 6:23pm May 25, 2019 6:23pm
Quoting emmanuel7788
EURGBP Week 21 may 20 *** LIVE trading *** This is TMS MEME EvolutionIX. Here is my basket with first open position and two pending stop and limit orders. Note: I have my Stop Loss 3.0 ADR which is between the previous two weeks lows. I will trail this using the average entry price of the open basket of trades. The ADR-100 days is about between 58 and 65 pips depends on your broker, I use 0.25ADR for the distance between every order. (Trade Order Distance) The historical win rate is between 60 and 65%, average 63% for past 36 months. Will update...
*** MONTH END LIVE TRADING ***

Hey Folks,

Do you like LIVE Trading in this thread?

Last week, we did live trading EURGBP and we made money together.

Which Pair(s) do you want to trade LIVE this coming week WEEK 22 May 27 to 31?


Its month end trading what I call shadow trading. But next week is full one week with 5 trading days to close one Weekly candle and also will close the Monthly candle.

For those long term traders holding on to too many open trades, one end will get hotter ... cut losses short, and let those profits one run... easy decision right? hot side cold side.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,899
  • May 25, 2019 6:35pm May 25, 2019 6:35pm
UK PM May announced her resignation. That PM job is a thankless one and her tenure is probably one of the worst one in UK history... not her fault. The politicians are all divided over Brexit.

How will the market react next week?

We learn what happened when Boris Johnson resigned his cabinet position the last time in August last year.

It created a Boris Johnson candle.
https://www.forexfactory.com/showthr...6#post11318766

https://www.forexfactory.com/showthr...4#post11244804

Will there be another falling knife to catch?
or
a dead cat bounce?

https://www.forexfactory.com/showthr...1#post11702531
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,900
  • May 25, 2019 10:47pm May 25, 2019 10:47pm
Quoting emmanuel7788
{quote} Hi BP,

Q1) I have not seen your posts with TMS chart template.
Have your read all of the OP posts in this thread? He made 463 posts and including his last one Post#12912 here below: So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. Start your learning to trade journey by following the OP Big E here in Forex Factory. He was a good man and a honest person. He was not any of the market wizards you...
Hiya @emmanuel7788

A1) I was reading and practicing, I didn't know we should post. I'm that type that only posts a question when I encounter a catastrophic issue or need technical advice. But sure, I'll post more.

- I want a 99.99% success version of this strategy that at least gives me 10-pips in the entry?
1) in what time-frame this strategy has the most successful entries?
2) between 5-min and 1-day, what time-frame has the most successful entries?
3) how shall I enter in major pairs that give me 10-pip in 99.99% cases?
4) TMS-5 was created a few years ago, does anyone updated it to increase accuracy and detect fakeouts(in case of strategy does not detect them? e.g. by any indicator?)

Best of luck
<3
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