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Trading Made Simple

  • #96,581
  • Edited 2:51pm Jun 13, 2019 2:39pm | Edited 2:51pm
Quoting Tekkies
{quote} Why are you asking? The moment Price have crossed the 5EMA the trade should have been placed. - Unless the TDI arrow is repainting you have a "double" conformation already. (Not a good arrow to go by. missed a few crossover's (more or less) 30 Jan, 29 April, 12 May, 20 May) Some more points from post#647: - Green angle below 4 (more like below 5) Have already started to angle down two days ago. - Below Resistance - Long red bars - Wick at top of bar (next to red arrow) below aswell. Seller / Buyers do not know what to do. - Already below...
Thanks for your informative reply.

I am asking cause I am a new to this business and hoping to learn more from the experts.
  • #96,582
  • Jun 13, 2019 3:47pm Jun 13, 2019 3:47pm
Quoting Malony
Lol. Timezones... The milion dollar trader is unable identify markethours . Thats another thing revealing him. In the method of BIG E the market hours (momentum) are more important than the trend. He was in and out for 1 or 2 candles. Emanuell0000 didn`t get it till today. That speak books. Books.......
Hiya @Malony

What do you exactly mean by 'He was in and out for 1 or 2 candles'?

Tnx
<3
  • #96,583
  • Jun 13, 2019 4:09pm Jun 13, 2019 4:09pm
Quoting Yasser.fx
{quote} Thanks for your informative reply. I am asking cause I am a new to this business and hoping to learn more from the experts.
If you are looking for „experts“ this is not a good place to hang around ;-)

Anyways good luck!
  • #96,584
  • Jun 13, 2019 4:14pm Jun 13, 2019 4:14pm
Quoting Tekkies
{quote} Iddd You have all ready asked those questions and they have been answered all ready.
But you seem to have so much time responding to Emmanuel’s posts with every new day that I thought I simply ask you again so I don’t have to search through a huge load of posts again.

Clever, isn’t it?
  • #96,585
  • Jun 13, 2019 5:52pm Jun 13, 2019 5:52pm
With no apparent impulse to move down, how do I justify remaining in this trade? 1)Daily candle closed below trendline. 2)Daily TMS-Osc is crossed down, although angle could be better. 3)Very small position vs Acct. bal. 4)Great distance between entry, and nearest support.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 72 KB
Click to Enlarge Name: EURUSDDaily.png Size: 44 KB
Vincit qui se vincit.
  • #96,586
  • Jun 13, 2019 6:55pm Jun 13, 2019 6:55pm
Quoting Yasser.fx
EURUSD Daily Do you recommend to short now or wait new candle? {image}
Hi Yasser.fx

I do not make recommendation in this thread.
I also do not pretend to be the teacher in this thread.
I am here to share my knowledge and experience trading with the RSI for more that 20 years.

When I trade the Daily charts, I have already done my weekly top down analysis after NY session closed last Friday. Every Monday and every new trading day, I wait for NY session to close and make my trading decision when the Day candle had closed.

Right now, I have a new Day candle open, I look at my big picture to get the latest information of the market.

Note, it is Friday now,

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 24 Jun14 BPP.png Size: 42 KB


3 important information I see on my chart,

1) the Monthly shows bullish and pulling back from its 10EMA
2) the Weekly shows last Week as big candle
3) the Daily tested its 10EMA and pulled back slightly.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,587
  • Jun 13, 2019 7:01pm Jun 13, 2019 7:01pm
Quoting lddd
{quote} If you are looking for „experts“ this is not a good place to hang around ;-) Anyways good luck!
best post for this week.

I agree with you.

I have been saying this many times.

people looking for experts have been disappointed for many years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,588
  • Jun 13, 2019 7:27pm Jun 13, 2019 7:27pm
DE30 Week 24 Jun 14 update

A green cross red that went nowhere ... all the TMS experts in this thread with their hindsight charts will teach you how to keep it simple... use Post#647 ... poor angle did not follow 12-2 and 4-6 angle, did not draw vertical line when green cross/crosses/crossed red, etc.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 H1 Jun 14 14-06-2019 08-20-43.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,589
  • Jun 13, 2019 7:36pm Jun 13, 2019 7:36pm
Quoting Yasser.fx
Hi, Here is an update to yesterday's entries on daily mainframe. All comments are welcome. {image}

Hi Yasser.fx

when you use Stochastics (14,3,3) then I would be following rules written by Mehdi343.

TMS uses Stochastics(8,3,3) for the (1) reversal signal and (2) for direction

that can be TMS Mehdi343 Method 1 and 2.

Mehdi' method is better when trading H4 and D1.

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

unfortunately Mehdi343 thread was move to the Commercial Content forum for commercial reason but his method works with discipline and trading all 28 pairs which makes up for the fewer trade setups on H4 and D1. You pick high probability setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,590
  • Jun 13, 2019 7:57pm Jun 13, 2019 7:57pm
Quoting lddd
{quote} But you seem to have so much time responding to Emmanuel’s posts with every new day that I thought I simply ask you again so I don’t have to search through a huge load of posts again. Clever, isn’t it?
Bit stupid I would say.
How long did it took you to type that post, how long did it take for the respond.
Heard of the saying: "Spiteful people spite himself"

Thanks for the
  • #96,591
  • Jun 13, 2019 8:00pm Jun 13, 2019 8:00pm
Quoting RenanCampos
good afternoon!! I liked the strategy and would like to know what is the updated template for me to start operating this strategy,

wrong place and wrong time ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,592
  • Jun 13, 2019 8:06pm Jun 13, 2019 8:06pm
Quoting ItaTrader93
GBPJPY Sell order at 137.732 SL: week high. TP: today low. {image}

Quoting emmanuel7788
{quote} Hi ItaTrader I don't have any open positions in this GBPJPY pair'so I am neutral. I see a similar zone where you marked... 137.77 to 137.88 on H1., but it may not reach that zone this week. As seasoned traders, we can cope with all the noise around us... remain focus in our own trading.

LOL. I was wrong again ... it did touch that gray zone

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Jun 14 H1 14-06-2019 08-55-35.png Size: 32 KB


now we must keep watch on that gray zone again because the market always remember that ... until she finds another ... this reminds me of Mingary's
https://www.forexfactory.com/showthread.php?t=662550
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,593
  • Jun 13, 2019 8:18pm Jun 13, 2019 8:18pm
When Mingary started his thread:
https://www.forexfactory.com/showthread.php?t=662550

1) the price-time series is random
2) entries react to price discovery (opening a door)

The code makes position adjustment according to price discovery (i.e. opening a door)


I follow his study and did some live trades forward testing during that period,
https://www.forexfactory.com/showthr...93#post9907493
https://www.forexfactory.com/showthr...43#post9909243

and the results was like this,

Attached Image (click to enlarge)
Click to Enlarge Name: Monty Hall live test 14-06-2019 09-09-43.png Size: 93 KB


it has been 2 years since, and this study in the right direction.

now is time to make trading simple and have my coding clean up and migrate to MT5.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,594
  • Jun 13, 2019 8:51pm Jun 13, 2019 8:51pm
Quoting Pippopotamus
With no apparent impulse to move down, how do I justify remaining in this trade? 1)Daily candle closed below trendline. 2)Daily TMS-Osc is crossed down, although angle could be better. 3)Very small position vs Acct. bal. 4)Great distance between entry, and nearest support. {image} {image}
BigE gave you the answer.
- Exit trade when the green line goes flat, hook over or check mark reversal.
Now the indicator TDI that will give you that information is all quashed up and the line to be used is a dotted line.
Post##119............
On this method the TDI is King.
All trades are signaled by it as well as exits... oes that keep it simple.
Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU !
= It comes back to your response in previous post: Why not.
= Indicator you should look and use is relegated to a narrow band and by your own admission indicator information you don't use is given "front page news"
Is that not shooting yourself in the foot?
--------------
- how do I justify remaining in this trade?
Wrong mindset. The moment you start to "justify" to place / stay / close a trade you going to pick up problems.
"justify" is an emotional reasoning which will cloud your judgement.

Go by the fact's the chart is showing you.
- TDI green is flat (can't say for sure being a dotted line and quashed up)
- Above Support
- Small bar's
From big to small
- Wicks at bottom of bar's
Where is stoch to show direction?

Your trade you decide.
  • #96,595
  • Jun 13, 2019 8:59pm Jun 13, 2019 8:59pm
Quoting Pippopotamus
{quote} No, no,at times,no, none. The channel, as was referred to in my posts is the Keltner bands indicator. 5 pd. SMA typical, shift 2. They do not give the same basic information. Just as a heads-up. No. Why not?


very good answers ... thin and crispy. I LIKE it simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,596
  • Jun 13, 2019 9:03pm Jun 13, 2019 9:03pm
Quoting Tekkies
{quote} BigE gave you the answer. - Exit trade when the green line goes flat, hook over or check mark reversal. Now the indicator TDI that will give you that information is all quashed up and the line to be used is a dotted line. Post##119............ On this method the TDI is King. All trades are signaled by it as well as exits... oes that keep it simple. Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU ! = It comes back to your response in previous post: Why not. = Indicator...

"OK there appears to be some confusion here..."


https://www.forexfactory.com/showthr...42#post4765242


sometimes the king gets confused .. after too much wine and women... he forgot he has a queen and also several court jesters.

and there is a crown prince in waiting.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,597
  • Jun 13, 2019 9:04pm Jun 13, 2019 9:04pm
Quoting Yasser.fx
{quote} Thanks for your informative reply. I am asking cause I am a new to this business and hoping to learn more from the experts.
Wrong, no expert.
The only expert in this thread is BigE. You should read and study what he has posted. After all it is his method.
The rest of us are just students learning as we go along.
  • #96,598
  • Jun 13, 2019 9:44pm Jun 13, 2019 9:44pm
Quoting Tekkies
{quote} Wrong, no expert. The only expert in this thread is BigE. You should read and study what he has posted. After all it is his method. The rest of us are just students learning as we go along.

Wrong again.
Big E was a retail trader between 2008 and 2011. He was no expert in this spot forex market. He was learning from several other 'professional traders/trading coaches' namely Craig Harris, Dean Malone, Lance Beggs, Linda Rashke, Raghee Horner,... just to name a few.

But you are right on this point,
---
You should read and study what he has posted. After all it is his method. The rest of us are just students learning as we go along.
---

I have three Options:

----------------------------------------------------------------------------------------------------
New traders coming to this thread have three Options:

Option #1: Go to this post link, read and follow that post.The TMS history is all here.

https://www.forexfactory.com/showthr...2#post10965032

Option #2:
You don't have to read 4831 pages (96,601 posts)
These two pdf files compiled by older members here will be a good start.
Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3:
For those with some years of trading experience trading with indicators, this option may be better.

Click and read One, Two and Three

TMS being the 5-Method is a technical trading methodology therefore you need to add your own Money Management and make it your own system. Your trading psychology is another subject matter not talked about much.

Big E was a rule-based discretionary trader. These are the best traders according to Dr Van K Tharp in his studies.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,599
  • Jun 13, 2019 10:40pm Jun 13, 2019 10:40pm
Quoting emmanuel7788
{quote} Wrong again. Big E was a retail trader between 2008 and 2011. He was no expert in this spot forex market. He was learning from several other 'professional traders/trading coaches' namely Craig Harris, Dean Malone, Lance Beggs, Linda Rashke, Raghee Horner,... just to name a few. But you are right on this point, --- You should read and study what he has posted. After all it is his method. The rest of us are just students learning as we go along. --- I have three Options: ----------------------------------------------------------------------------------------------------...

Are you serious?
Who created this method? Who spend 10 000 houers to make it possible. Who started this thread? Who wrote the post's you and I refer to?
It does not mater if he was a retail trader or a rule base something.
Concerning Trading Made Simple BigE is the only expert in this thread.
-------
In one post: I do not make recommendation in this thread
Little bit later: New traders coming to this thread have three Options

Make up your mind, you can't have it both ways.
  • #96,600
  • Jun 13, 2019 11:04pm Jun 13, 2019 11:04pm
Attached Image (click to enlarge)
Click to Enlarge Name: XM Global MT4.png Size: 136 KB
We obey the structure that results from the market's reaction
137 traders viewing now, 1 is registered:
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