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Trading Made Simple

  • #96,741
  • Edited 1:50pm Jun 19, 2019 1:33pm | Edited 1:50pm
Quoting Pippopotamus
Will close trade for a small loss. {image}
Are you using the TDI indicator to place a trade?
See you are still giving preference to indicators that does not help much in making a trade decision.
Pippopotamus I will make the presumption somewhere down the line you are going to blame the TDI indicator for all the loses you suffer. Forgetting that you are the one who does not follow BigE's advice:
- Enter on bar one / two after the crossover.
- Long term or short term trend

Anyway, can't tell you how to trade, can only show you a possible scenario did you follow BigE's advice:
Attached Image

That little blue dot is (not sure) where you closed the trade? Look at what the trend lines are showing you.
Are all the TDI green's confirming the new direction with stoch in agreement
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  • #96,742
  • Jun 19, 2019 4:15pm Jun 19, 2019 4:15pm
Hi all

new to this thread, spent some time on the first 10 pages, look so interesting, but there are 4838 pages here, can any one give me a summary or key point/key post for note please?
  • #96,743
  • Jun 19, 2019 6:34pm Jun 19, 2019 6:34pm
Quoting Pippopotamus
Will close trade for a small loss. {image}


that is a super well planned trade with good risk management ... small SL 'R'
your TP is placed at previous resistance a double top chart pattern....+>2R

an example of Mehdi343 Method 1 but taken in H1.
I see that you entry is when PA break the high of the consolidation zone ... Master Candle high...

your THV CaveManager capital potection would save you when FOMC hour.


awesome
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,744
  • Jun 19, 2019 6:47pm Jun 19, 2019 6:47pm
Quoting luckyvictor
Hi all new to this thread, spent some time on the first 10 pages, look so interesting, but there are 4838 pages here, can any one give me a summary or key point/key post for note please?
Welcome!

Very good that you want to learn how trading can be made simple. but first learn EVERYTHING that the OP of this thread knows.

Follow his trading journey by reading, studying and understanding every of his posts in Forex Factory and learn EVERYTHING he knows.

If you need a reference post where to start, below is a summary:

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.

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 learning journey..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,745
  • Jun 19, 2019 7:01pm Jun 19, 2019 7:01pm
Quoting hikaru259
{quote} Hi Emmanuel, Do you know any script for place pending order: both stop order and limit order with pips distance? Thank you.

yes.

https://www.forexfactory.com/showthr...17#post8175417
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,746
  • Jun 19, 2019 7:03pm Jun 19, 2019 7:03pm
Quoting emmanuel7788
{quote} that is a super well planned trade with good risk management ... small SL 'R' your TP is placed at previous resistance a double top chart pattern....+>2R an example of Mehdi343 Method 1 but taken in H1. I see that you entry is when PA break the high of the consolidation zone ... Master Candle high... your THV CaveManager capital potection would save you when FOMC hour. awesome
that is a super well planned trade with good risk management

Are you for real Emmanuel?
That buy trade violated every point in Post#647
Also by what you have posted about Mehdi343 is total bogus.
Post 1 : Where is Stoch above the 80 line, not even to mention the TDI yellow line. They not even on that chart.

No wonder this thread has become the joker thread.
  • #96,747
  • Jun 19, 2019 7:09pm Jun 19, 2019 7:09pm
Quoting emmanuel7788
{quote} that is a super well planned trade with good risk management ... small SL 'R' your TP is placed at previous resistance a double top chart pattern....+>2R an example of Mehdi343 Method 1 but taken in H1. I see that you entry is when PA break the high of the consolidation zone ... Master Candle high... your THV CaveManager capital potection would save you when FOMC hour. awesome
Don't know anything about Mehdi343 Method 1. You are right. The things you pointed out about the trade were all considerations when planing it. A break of the H of the very long Doji candle at 16:00 GMT yesterday was my trigger. I closed as FOMC news was approaching.
Vincit qui se vincit.
  • #96,748
  • Jun 19, 2019 7:48pm Jun 19, 2019 7:48pm
Quoting Tekkies
{quote} that is a super well planned trade with good risk management Are you for real Emmanuel? That buy trade violated every point in Post#647 Also by what you have posted about Mehdi343 is total bogus. Post 1 : Where is Stoch above the 80 line, not even to mention the TDI yellow line. They not even on that chart. No wonder this thread has become the joker thread.
@Tekkies,

go and read all of the OP's post in FF.... this time round ... read, study, take own notes and learn EVERYTHING posted by Big E.

but EVERYTHING is not enough for you to make money CONSISTENTLY as you have already admitted that you are not consistent and not profitable since 2018. Not to mention you blew your account in the XM trading competition in 2017.

How is your trading in 2019 so far? We are in June now...
Have you achieved 3 months consistent profits?
To know if you have a winning edge trading with the TDI angles you should have 36 months consistent results. Start with 3 months, then 4 months, then 5 months, ... do it step-by-step until you reach 36 months.....

This is now the COMEDY THREAD in Forex Factory do you know when strat stated calling this thread the COMEDY THREAD? It is when you signed up and started posting in 2016. You can stop wondering about this now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,749
  • Jun 19, 2019 7:54pm Jun 19, 2019 7:54pm
Quoting Tekkies
{quote} that is a super well planned trade with good risk management Are you for real Emmanuel? That buy trade violated every point in Post#647 Also by what you have posted about Mehdi343 is total bogus. Post 1 : Where is Stoch above the 80 line, not even to mention the TDI yellow line. They not even on that chart. No wonder this thread has become the joker thread.

@Tekkies

Here below is Post#647 replay for you to read, study and take notes, learn and then put into practice, practice, practice ... its going to be your lifelong learning from today onwards.

Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

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)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X.


and my POMO below,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,750
  • Jun 19, 2019 7:57pm Jun 19, 2019 7:57pm
Quoting Pippopotamus
{quote} Don't know anything about Mehdi343 Method 1. You are right. The things you pointed out about the trade were all considerations when planing it. A break of the H of the very long Doji candle at 16:00 GMT yesterday was my trigger. I closed as FOMC news was approaching.

Mehdi343' thread.

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

I have his template to check and compare EVERYTHING when I was learning and trading at the same time.

He use the Stochastics (14,3,3) .... the TDI to him is a laggard.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,751
  • Jun 19, 2019 8:01pm Jun 19, 2019 8:01pm
Quoting emmanuel7788
EURCAD Week 25 Jun 19 D1 ...SELL market type conditions sideways weekly range 128 pips half risk in such ranging conditions, increase risk when there is break of the previous months low. {image}
EURCAD Jun 20 Daily

yesterday EURCAD selling was good. Today more selling with average entry price.

waiting till it falls below and into empty space then I increase my risk per basket ... it close below May Low and now testing April Low

beware of any short term correction back to 1.5000 level.

Edit.
Trade report Jun 01 to 19 closed trades.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,752
  • Jun 20, 2019 12:54am Jun 20, 2019 12:54am
GBPJPY Jun 20 pre-FO

In about 8 minutes, we may have a H1 setup for buy when Frankfurt Open.

risk/danger : Tokyp 5H high is resistance, also yesterday's swing High is resistance . also Tokyo closing hour after London Open is a dangerous hour

when this current H1 closes as BUEB/BUOB the lagging TDI green line will show the angle ...

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,753
  • Jun 20, 2019 1:01am Jun 20, 2019 1:01am
Ideas for next week?
  • #96,754
  • Jun 20, 2019 1:04am Jun 20, 2019 1:04am
Quoting emmanuel7788
GBPJPY Jun 20 pre-FO In about 8 minutes, we may have a H1 setup for buy when Frankfurt Open. risk/danger : Tokyp 5H high is resistance, also yesterday's swing High is resistance . also Tokyo closing hour after London Open is a dangerous hour when this current H1 closes as BUEB/BUOB the lagging TDI green line will show the angle ... {image}
Attached Image (click to enlarge)
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GBPJPY Jun 20 H1 FO candle


Good to go !

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Click to Enlarge Name: GBPJPY Jun 20 H1 FO 20-06-2019 14-00-25.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,755
  • Jun 20, 2019 1:06am Jun 20, 2019 1:06am
TMS Monitor Jun 20 before FO and when FO

0ne minute before FO

Attached Image (click to enlarge)
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FO

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,756
  • Jun 20, 2019 1:13am Jun 20, 2019 1:13am
Quoting emmanuel7788
GBPJPY Jun 20 pre-FO In about 8 minutes, we may have a H1 setup for buy when Frankfurt Open. risk/danger : Tokyp 5H high is resistance, also yesterday's swing High is resistance . also Tokyo closing hour after London Open is a dangerous hour when this current H1 closes as BUEB/BUOB the lagging TDI green line will show the angle ... {image}
The TDI is not lagging, you wouldn't know it was a BUEB/BUOB until the candle is closed either, so basically its at the same time. Price action though is showing a lower high and a lower low so I wouldn't take that anyway whether it works or not, its not good practise.
Success means going from failure to failure without loss of enthusiasm
  • #96,757
  • Jun 20, 2019 1:17am Jun 20, 2019 1:17am
Quoting lisat
{quote} The TDI is not lagging, you wouldn't know it was a BUEB/BUOB until the candle is closed either, so basically its at the same time. Price action though is showing a lower high and a lower low so I wouldn't take that anyway.

I wrote: "...when this current H1 closes as BUEB/BUOB the lagging TDI green line will show the angle ..."... and it did.

if that last H1 did not close BUEB/BUOB then the TDI Green would paint based on the last bar close price....the angle of the green would depends on the Close price of the last H1 bar.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,758
  • Jun 20, 2019 1:25am Jun 20, 2019 1:25am
Quoting emmanuel7788
{quote} I wrote: "...when this current H1 closes as BUEB/BUOB the lagging TDI green line will show the angle ..."... and it did. if that last H1 did not close BUEB/BUOB then the TDI Green would paint based on the last bar close price....the angle of the green would depends on the Close price of the last H1 bar.
Exactly what I said, so the TDI is not lagging, you know at the same time as the candle closing, thats not lagging, its exactly the same time.
Success means going from failure to failure without loss of enthusiasm
  • #96,759
  • Jun 20, 2019 1:27am Jun 20, 2019 1:27am
nice small bulls rallies AU,EU,GU and NU...

UC and UJ sink lower ....

I am happy to close this week positive ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,760
  • Jun 20, 2019 1:29am Jun 20, 2019 1:29am
Quoting lisat
{quote}Exactly what I said, so the TDI is not lagging, you know at the same time as the candle closing, thats not lagging, its exactly the same time.

are we talking about the same TDI version?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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