Trading Made Simple | Page 4874 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #97,461
  • Aug 16, 2019 1:37pm Aug 16, 2019 1:37pm
Quoting Britpip7
{quote} Closed for 100pips seeing as it was folding back on the H1 chart. No further entries for this week. Will watch for a re-entry next week {image}

looks like a 3R trade... risk 1R make 3R that is the way to go... to positive EXPECTANCY.

refreshing look with use of AO like in the good old days of Eric.
conservative and it still work...
aggressive entry would be APB#1 and APB#2.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,462
  • Aug 16, 2019 1:37pm Aug 16, 2019 1:37pm
Quoting Tekkies
{quote} Confirm what Brit has posted - All three charts are against Resistance. ---- Did you really "carefully studied" the instructions? Did you read Post#1 or BigE full.pdf. > Where is stoch 8.3.3? Don't know how long you have been trading, a old wise trader I can understand no Stoch otherwise you are playing a fool's game and you will lose the depots in your trading account. I will not be any part of that. Please follow what has been posted by BigE or find something els to do.
Thank you for the reply;

I didn't mean to hold you accountable for my own trade. I am totally aware of what I'm doing. I checked the Stoch and it was perfectly aligned with the TDI cross (Both were bearish). I deleted the Stoch indicator for better readability of the chart as 2 indicators makes the chart smaller.

I just had a question in mind that by putting price action analysis aside (Support/Resistance lines--Trend lines--Candle formations and ....), what would a trader do if TDI is bullish on H4 and price is signaling a TDI Bearish cross on the H1?

Should he assume that this TDI bearish cross on the H1 is just a correction inside the H4 current bullish trend and therefore he should wait for the H1 chart to resume its bullish move?
or He should take this TDI Bearish cross and ignore the H4 bullish cross that had happened before?

it was a general question that I tried to depict via chart photos. Not literally a trading decision....
Thx.
  • #97,463
  • Aug 16, 2019 3:40pm Aug 16, 2019 3:40pm
Quoting Tekkies
I need the crossover confirmed on M15.
Since when? I remember you used to post quiet a lot of charts where you had entries even where the M15 candle was not closed after the TDI crossover.
  • #97,464
  • Aug 16, 2019 3:54pm Aug 16, 2019 3:54pm
Quoting user2019
{quote} Thank you for the reply; I didn't mean to hold you accountable for my own trade. I am totally aware of what I'm doing. I checked the Stoch and it was perfectly aligned with the TDI cross (Both were bearish). I deleted the Stoch indicator for better readability of the chart as 2 indicators makes the chart smaller. I just had a question in mind that by putting price action analysis aside (Support/Resistance lines--Trend lines--Candle formations and ....), what would a trader do if TDI is bullish on H4 and price is signaling a TDI Bearish cross...
Compare this post to the previous post which one relay more to what you really trying to find out about.
----
"what would a trader do if TDI is bullish on H4 and price is signaling a TDI Bearish cross on the H1? "

I can not answer truthfully because I do not know and I only tested and used those posts with M15/ H1.
------
Long answer: Time span between H1 and H4
Here are two factors that can occur:
A > H1 bearish cross is the start of a new trend direction which H4 will follow in about 4, 3 2, 1 hours later
or
B > H1 bearish cross over happened:
- on the short term trend inside the long term trend which H4 is following
- and stop loss or breakeven can happen. Mayby a few pips profit
-----
Short answer: What does the checklist say for H4
2. H1 chart: H4
a. Check TDI green line for correct angle.
- Do not wait for H4 TDI crossover.
- The closer the TDI is about to crossover the safer the trade will be. (Like the last 15min hour of the current bar.)
b. Check that Stoch confirm direction.
Got two warnings so don't place a trade.
-----
Me: Will place a trade on H1 if all the checkpoints comply with post#647 and take what the market is willing to give freely.
  • #97,465
  • Aug 16, 2019 4:02pm Aug 16, 2019 4:02pm
Quoting lddd
{quote} Since when? I remember you used to post quiet a lot of charts where you had entries even where the M15 candle was not closed after the TDI crossover.
Post#115......A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
  • #97,466
  • Aug 16, 2019 4:10pm Aug 16, 2019 4:10pm
Quoting Tekkies
{quote} Post#115......A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
Well if you not wait until the candle is closed (and it still looks good) you could also jump on without waiting for any cross at all... where is the logic?
  • #97,467
  • Aug 16, 2019 4:29pm Aug 16, 2019 4:29pm
Quoting lddd
{quote} Well if you not wait until the candle is closed (and it still looks good) you could also jump on without waiting for any cross at all... where is the logic?
Logic is to:
- fine tune BigE's posts to how you understand them.
- remove that what does not work for you
- follow what you have made your own
-----
How are you going to know when to "jump on"?
  • #97,468
  • Aug 16, 2019 5:06pm Aug 16, 2019 5:06pm
Quoting Tekkies
{quote} Logic is to: - fine tune BigE's posts to how you understand them. - remove that what does not work for you - follow what you have made your own ----- How are you going to know when to "jump on"?
"Remove what does not work for you"...You are trader and philosopher right?...

Yes Tekkies you are right, but reality isn't working like that. So tell me how do you remove a tons of M15 "false" signals again where TDI crossed for a minute on your M15 chart (visually) but 2 minutes later it bounced back (so no more cross). If you not wait until the candle is closed, you are jumping the gun, okay..

I guess its something like win, lose, win, lose, win, lose rate you have with it. So the real question would be how is your average RR with ALL your trades you're doing like that so far Tekkies? Stop posting such cherry picked winning trade examples and better talk about your average statistics and money management plan and how often you get a 1:2 or even 1:3 risk reward trade on a M15/H1 chart per average lol where price often not even moves a 20-30 Pips before it collapses again.

However good night, late here.
  • #97,469
  • Aug 16, 2019 9:31pm Aug 16, 2019 9:31pm
Quoting user2019
{quote} Thank you for answering my question, Are you suggesting that I have to wait for a reaction to this resistance level first (breaking up or moving down from it), and then consider a cross on the TDI? Thanks.
Sir, I want to develop an mt4 EA using EAtree software.
I have a problem in creating can you please help me with this..my requirements is in the image.
Attached Image (click to enlarge)
Click to Enlarge Name: eatree.jpg Size: 118 KB
  • #97,470
  • Edited 3:28am Aug 17, 2019 1:10am | Edited 3:28am
Quoting lddd
{quote} "Remove what does not work for you"...You are trader and philosopher right?... Yes Tekkies you are right, but reality isn't working like that. So tell me how do you remove a tons of M15 "false" signals again where TDI crossed for a minute on your M15 chart (visually) but 2 minutes later it bounced back (so no more cross). If you not wait until the candle is closed, you are jumping the gun, okay.. I guess its something like win, lose, win, lose, win, lose rate you have with it. So the real question would be how is your average RR with ALL...
- remove a tons of M15 "false" signals
Why don't you ask Brit to explain how he avoided two "false" cross overs that occurred after he has placed the trade.
(To complain about false signals won't remove them)
Attached Image (click to enlarge)
Click to Enlarge Name: vermy.PNG Size: 107 KB

- cherry picked winning trade
Ask chemoil to post his seven trades.
Have a other look at Bridpip7 trade. Compare that trade entry's against what chemoil (hope he post those charts), Brit's, BigE training chart's, Tekkies and countless other charts that use the TDI cross over for trade entry's.
They will be the same irrespective of time frame: Trade entry after the cross over
You still maintain it is cherry pick, then that is what you want it to be. (can't change that)
-----
As to your other question why are you concern about:
- 1:2 or even 1:3 risk reward trade on a M15/H1 chart per average lol where price often not even moves a 20-30 Pips before it collapses again.
DrDave gave you a fishing-rod in Post 97,453, You need to learn how to fish.
Getting ALL the pips is such a silly goal of so many people. I am happy to reach my goal of 10 pips per day. I don't need to try to find the start and end points of a run and collect ALL the pips! So what if a big pile is left on the table? I got what I wanted.
----
Iddd, please find a mentor to help you.

Quoting Tekkies
{quote} Post#115......A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
Something to think about.
Attached Image (click to enlarge)
Click to Enlarge Name: play0.PNG Size: 19 KB
  • #97,471
  • Aug 17, 2019 2:09am Aug 17, 2019 2:09am
Quoting Tekkies
{quote} - remove a tons of M15 "false" signals Why don't you ask Brat to explain how he avoided two "false" cross overs that occurred after he has placed the trade. (To complain about false signals won't remove them) {image} - cherry picked winning trade Ask chemoil to post his seven trades. Have a other look at Bradpip7 trade. Compare that trade entry's against what chemoil (hope he post those charts), Brad's, BigE training chart's, Tekkies and countless other chart that use the TDI cross over...
I will show my two best trades, in my opinion. Of course, they do not have such a big profit as experienced members, 1: 1. But if there are 65% of positive trads and 80% in 2-3 months, then such a result will suit me
But I repeat again, I study and these are training trades
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 49 KB
Click to Enlarge Name: 2.png Size: 62 KB
  • #97,472
  • Aug 17, 2019 2:14am Aug 17, 2019 2:14am
I will also post few transactions in which I had doubts, and I skipped these transactions, but doubts were in vain
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
Click to Enlarge Name: Screenshot2.png Size: 80 KB
  • #97,473
  • Aug 17, 2019 5:59am Aug 17, 2019 5:59am
Quoting chemoil
{quote} I will show my two best trades, in my opinion. Of course, they do not have such a big profit as experienced members, 1: 1. But if there are 65% of positive trads and 80% in 2-3 months, then such a result will suit me But I repeat again, I study and these are training trades {image} {image}
Thank you.
Nothing wrong with those entry's. Nice judgment Chemoil.
  • #97,474
  • Aug 17, 2019 6:56am Aug 17, 2019 6:56am
Quoting chemoil
{quote} I will show my two best trades, in my opinion. Of course, they do not have such a big profit as experienced members, 1: 1. But if there are 65% of positive trads and 80% in 2-3 months, then such a result will suit me But I repeat again, I study and these are training trades {image} {image}
A 65% win rate is unrealistic. Maybe you get it for some weeks but do you still get over 50% after 2,3,4,5 years of trading? You should be happy if you get 40-50%. If you stick to what Tekkies is teaching in this thread you should be even manage to easily gain a 90% win rate. If you follow him you will notice all his trades are winners and he has no problem with compensating all his losing trades because he aways strikes at least a 1:2 RR.

Do some homework, just look at any chart for M15/H1 that gave these kind of perfect entry signals for the last 30 days. Now lets say you only managed to trade those and as if by magic you left out all the not so great ones. Calculate a 1:2 risk/reward goal for each of the trades. Then tell me how many trades got stopped out for lets say 20 Pips and how many trades reached the target of 40 pips on the other hand. How many trades you did find, whats the outcome?

Even if you end up profitable in this example, ask yourself (or better look) how many times you would have closed your positions because of the exit criteria like for e.g TDI hooked over, gave a checkmark reversal and so on. And how would this affect your returns again if such 40-50% win rate would then be affected by an average risk:reward rate no more of 1:1 because of many trades closed far before the 2R target.
  • #97,475
  • Aug 17, 2019 8:36am Aug 17, 2019 8:36am
Quoting lddd
{quote} A 65% win rate is unrealistic. Maybe you get it for some weeks but do you still get over 50% after 2,3,4,5 years of trading? You should be happy if you get 40-50%. If you stick to what Tekkies is teaching in this thread you should be even manage to easily gain a 90% win rate. If you follow him you will notice all his trades are winners and he has no problem with compensating all his losing trades because he aways strikes at least a 1:2 RR. Do some homework, just look at any chart for M15/H1 that gave these kind of perfect entry signals for...
Of course, I have a lot to learn from the Tekkies. And I would be very glad that the number of my profitable traвs was greater, and the RR was at least 1:2.
But I think it is useless to wait 1: 2 when the market and indicators tell us that a reversal is possible. Therefore, in such cases, I'd rather take what I have than wait for "rain in the desert."
When I read the book of one successful trader, unfortunately I do not remember his last name, and so he said, “when you look for a point to enter a deal, look for a point to exit a deal” he also said that “it makes no sense to wait 1: 2 or 1: 3 if there are preconditions for a reversal, the market is a living organism, and it doesn’t matter what you expect 1: 2, close the deal when you see the return signal"
It’s very good when the market quickly passes 1: 2 or even 1: 3 in just a few candles and does not make us worry, but it doesn’t happen often, so I always follow the open position and close it manually if the situation changes, sometimes I’m wrong and then the market is rapidly reaching TP.
  • #97,476
  • Aug 17, 2019 9:09am Aug 17, 2019 9:09am
Quoting Tekkies
{quote} Thank you. Nothing wrong with those entry's. Nice judgment Chemoil.
Thanks Tekkies!!!
  • #97,477
  • Edited 9:56am Aug 17, 2019 9:44am | Edited 9:56am
Quoting lddd
{quote} Then tell me how many trades got stopped out for lets say 20 Pips and how many trades reached the target of 40 pips on the other hand
How much is 10 pips a day? In this case a lot size of 0.10
Lot size * 10 pips = ZAR R1.00
0.10 * 10 = 1
Attached Image

You manage to trade like Brit or Chemoli or like those yellow / blue trend lines based on M15H1 methodology as posted in previous posts.
Add compound growth to lot size as account grow.
(Money Management adjust Lot size on current Account Balance, purple are losing trades, Take note of dates)
You will achieve this results:
Attached Image (click to enlarge)
Click to Enlarge Name: month1.PNG Size: 35 KB

Attached Image (click to enlarge)
Click to Enlarge Name: month2.PNG Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: month3.PNG Size: 20 KB

After awhile you will be trading this:
Attached Image (click to enlarge)
Click to Enlarge Name: month5.PNG Size: 18 KB


Is it possible. That will only depend you.
BigE showed you the "how" > TMS
DrDave gave the "goal" > 10 pips per day

Iddd you have been posting since May 18, 2009 ".........handsome and easy to understand strategy for a beginner based on trend ..."
What have you done with your time?.
Reading what you post now, you are still searching for that strategy.

Where will Chemoil be 10 years from now and where will you be?
I don't know, what I do know is that Chemoil took the first step and you find every reason in the book not to become a trader.
  • #97,478
  • Aug 17, 2019 5:48pm Aug 17, 2019 5:48pm
Quoting Tekkies
{quote} How much is 10 pips a day? In this case a lot size of 0.10 Lot size * 10 pips = ZAR R1.00 0.10 * 10 = 1 {image} You manage to trade like Brit or Chemoli or like those yellow / blue trend lines based on M15H1 methodology as posted in previous posts. Add compound growth to lot size as account grow. (Money Management adjust Lot size on current Account Balance, purple are losing trades, Take note of dates) You will achieve this results: {image} {image} {image} After awhile you will be trading this: {image} Is it possible. That will only depend...

BEWARE OF RETAIL FOREX TRADING ... SCAMs

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Scam.png Size: 169 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,479
  • Aug 17, 2019 6:54pm Aug 17, 2019 6:54pm
Quoting Tekkies
{quote} How much is 10 pips a day? In this case a lot size of 0.10 Lot size * 10 pips = ZAR R1.00 0.10 * 10 = 1 {image} You manage to trade like Brit or Chemoli or like those yellow / blue trend lines based on M15H1 methodology as posted in previous posts. Add compound growth to lot size as account grow. (Money Management adjust Lot size on current Account Balance, purple are losing trades, Take note of dates) You will achieve this results: {image} {image} {image} After awhile you will be trading this: {image} Is it possible. That will only depend...
I already feel hard to understand your written words but I will try so re looking at your example next week if I find some more time.

Next time if you post such calculations and statistics please be so kind and post in USD or EUR examples, I don’t have the time to think about the South African Rand.

So far I can tell you I could not identify how many trades you won/lost in your example trying to show and if you would have reached an average 1:2 risk:reward with it.

I did so looking at GBP/EUR or the EUR/USD which i would prefare to trade but my results were negative or at best case break even after only taking the best (in hindsight looking) setups, which also covers my experience trading so the last year.

regards
  • #97,480
  • Aug 17, 2019 8:54pm Aug 17, 2019 8:54pm
Quoting lddd
{quote} I already feel hard to understand your written words but I will try so re looking at your example next week if I find some more time. Next time if you post such calculations and statistics please be so kind and post in USD or EUR examples, I don’t have the time to think about the South African Rand. So far I can tell you I could not identify how many trades you won/lost in your example trying to show and if you would have reached an average 1:2 risk:reward with it. I did so looking at GBP/EUR or the EUR/USD which i would prefare to trade...
Here's a good way to understand trades won / lost - this is really easy for my account, seeing as I only have one trade
Attached File(s)
File Type: docx account - 8-17-2019.docx   38 KB | 334 downloads
"To live with Passion, it takes Courage and Grace to survive"
53 traders viewing now, 1 is registered: