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Trading Made Simple

  • #99,161
  • Nov 26, 2019 11:02am Nov 26, 2019 11:02am
Quoting MalvernTrust
{quote} Thank you very much Emm for the excellent Summary :-)
well I could have made that simpler ... with this Option#3

Option #3:
For those with some years of trading experience trading with indicators,....

Click and read One, Two and Three

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,162
  • Nov 26, 2019 11:05am Nov 26, 2019 11:05am
Quoting trantuanblu
{quote} I am in: {image}
entry at 10PM candle, check at 2AM and close at 6AM

did you get out at the 6AM candle and keep few pips in your pocket?

that's One, Two and Three
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,163
  • Nov 26, 2019 1:03pm Nov 26, 2019 1:03pm
Quoting emmanuel7788
{quote} DE30 Week 48 with the weekend GAP up, I got lucky and took profit. now with one re-entry and two buy limit orders using the H8 APB/HA candle average price to build to a full basket. always have an initial stop loss as your risk 'R' and do your trade positions size. No matter what happens later today the trade risk remains the same 'R'. {image}
hi emmanuel
you still put 0.25 adr for limits?
  • #99,164
  • Nov 26, 2019 1:03pm Nov 26, 2019 1:03pm
Quoting emmanuel7788
{quote} Hi moRTaL USDCHF A proven method is to use the 2bars/candles look back for initial SL when there is an established 'trend' or swing. when trading the Daily, then previous 2 days' low. This will allow possible add-on when there is retracement up to 50% of the low to high of the two days. also possible to use the previous 2 weeks low when the market is sideways wide range. {image}
but this not trend now if broken range?
stoploss is two day lookback in trend but you put there two week lookback like its still wide range market
  • #99,165
  • Nov 26, 2019 4:10pm Nov 26, 2019 4:10pm
Quoting emmanuel7788
{quote} DE30 Nov 26 Tokyo Open It was right decision to stay on the buyers side yesterday and today is the same decision. Look at the H4 price action... the APB/HA candles are above its 5EMA, Typical Price, Shift+3. Note the TDI green and read at the circled 1 and 2. This is reason why I put more weight to the price action of the OHLC and the HA candles. Also I look at the market type condition of the Weekly and Daily. It is simple to follow price action of all three timeframes when swing trading. This very same simple approach works in all instruments...

DE30 Nov 27 Tokyo Open

a 'wild swing high swing low' during the day and that useless H4 TDI

today still buying with average price with multiple entries.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Nov 27 Tokyo Open 27-11-2019 08-05-39.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,166
  • Nov 26, 2019 4:13pm Nov 26, 2019 4:13pm
Quoting forexdg
{quote} but this not trend now if broken range? stoploss is two day lookback in trend but you put there two week lookback like its still wide range market
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Nov 26 D1 Tokyo Open 26-11-2019 08-13-30.png Size: 49 KB


USDCHF Nov 27

It is struggling at that level 0.9979 now for 2 days it did not manage to close above that level.

that is the high of Week 45.... a 'big weekly candle'

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Nov 27 Daily TOK 27-11-2019 08-11-52.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,167
  • Nov 26, 2019 4:23pm Nov 26, 2019 4:23pm
Quoting forexdg
{quote} hi emmanuel you still put 0.25 adr for limits?

No. I am flexible what the order distance to use in this case. Not necessary to stick to 0.25adr or 0.5adr.

Look at the average price bar of the timeframe and use that.

Yesterday live trade example on H8, I simply divide my full risk into 3 smaller portions and place 2 limits order using the APB body this it to get order fill during the retracement and get an overall better average entry price.

my average entry price is now 13235.83 with that 3 orders.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Nov 26 Tokyo Open trade open 26-11-2019 08-32-51.png Size: 19 KB



note my broker uses nett positions.


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Nov 27 trade update TOK 27-11-2019 08-20-52.png Size: 20 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,168
  • Nov 26, 2019 8:37pm Nov 26, 2019 8:37pm
Why do members post in this thread that don't use the TDI indicator? Is it because they know BigE can not kick their butt off this thread.

Anyway that "useless" TDI did it again. Related to Post 99,135 there is not much else to post about. BigE did it already. Your responsibility is to understand and apply what BigE has posted.

Took the cross over on M15.
- Green angle below 5 (strong momentum)
- Stoch confirm diretion
- Tried to enter below Support
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  • #99,169
  • Nov 26, 2019 9:15pm Nov 26, 2019 9:15pm
Quoting trantuanblu
{quote} I am in: {image}
the price action shows that H4 was in CONSOLIDATION seen with that H4 big candle and followed with 3 smaller candles. Follow Post#647.

you did not follow Post#261. if you use the Stoch (8,3,3) signal for reversal candle and the TDI to confirm if the reversal candle shows momentum, then you would not have taken that trade.

note that based on my 7 years trading experience and more than 5,000 trades, the TDI is an oscillator and it is useless when the market is narrow range and also when price is choppy.

wait for a breakout of that H4 Master Candle or you can consider to trade in lower timeframe H1 or M15 with SL and TP.

Attached Image (click to enlarge)
Click to Enlarge Name: trantuanblu EU H4 trade 26-11-2019 19-00-52.png Size: 128 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,170
  • Nov 26, 2019 9:28pm Nov 26, 2019 9:28pm
Quoting trantuanblu
{quote} I am in: {image}
EURUSD Nov 27 H1 POMO

here is a POMO example how to trade lower timeframe H1 when the H4 is in CONSOLIDATION

price action is leading edge over any indicator based trading signal.

Note. I look at the Stoch (8,3,3) and the RSI(13) which is the default RSI period of the TDI . You can also use RSI(3) to confirm the short term momentum of the reversal candle which is signal by the Stoch(8,3,3). This is shown in one of Big E's training chart.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 27 H1 POMO 27-11-2019 13-18-09.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,171
  • Nov 27, 2019 12:14am Nov 27, 2019 12:14am
EURUSD Nov 27 London session

now it depends on this H4 bar/candle to close and break below that H4 Master Candle low ...

then we shall see if it will make to test the BRN 11000 and we would have a nice month end closing.

1.0991 is the Weekly WRB Low which is current swing support.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 27 H4 close 11000 27-11-2019 16-09-02.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,172
  • Nov 27, 2019 12:18am Nov 27, 2019 12:18am
#3103

Quoting eelfranz
Chims... I almost always have the tdi & stoch on all my charts regardless of the method being used. However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.
the TDI and Stoch are both good confirmation of the Price Action hence give us confidence when we trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,173
  • Nov 27, 2019 3:44am Nov 27, 2019 3:44am
Tekkies, leave Emmanuel alone.
He has to answer one day to somebody why he is misleading members to belief that post's in the Harris thread is applicably to what BigE has posted in this thread about TDI and Stoch.

Let it be.
  • #99,174
  • Nov 27, 2019 4:00am Nov 27, 2019 4:00am
Quoting eelfranz
Divergence, That was just one of many methods we discussed. Folks were getting confused by mixing up rules from different methods so this thread will only be about the 5 method.
Tekkies cannot leave Emmanuel alone because has very poor reading skills.

Post#5 in this thread clearly states that this thread will be about the 5-Method.

The 5-Method started in the old thread which title was GBPUSD M15 but FF admin changed that to Craig Harris Stochastics ...

therefore, #3103 is relevant to the 5-Method.

Quoting eelfranz
Chims... I almost always have the tdi & stoch on all my charts regardless of the method being used. However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.

the TDI and Stoch are both good confirmation of the Price Action hence give us confidence when we trade.


coming up next.... the full story,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,175
  • Nov 27, 2019 4:02am Nov 27, 2019 4:02am
Here is a quick introduction to this Trading Made Simple thread:
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
If 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.

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 learn to trade journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,176
  • Nov 27, 2019 4:14am Nov 27, 2019 4:14am
Quoting eelfranz
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... 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...

here is an example of a price action POP Gun setup with Stoch(8,3,3) cross signal which the TDI confrims later.

the Price Action is leading and both the Stoch and TDI must give the same signals to confirm the Price Action

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD H1 POMO Tekkies ppost 27-11-2019 20-04-10.png Size: 196 KB


#3103 is relevant to the 5-Method.

Quoting eelfranz
Chims... I almost always have the tdi & stoch on all my charts regardless of the method being used. However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.

the TDI and Stoch are both good confirmation of the Price Action hence give us confidence when we trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,177
  • Nov 27, 2019 4:19am Nov 27, 2019 4:19am
Another example of the useless TDI when price make big swing high-low

Follow the higher timeframe Daily....

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Nov 27 H4 useless TDI when price make swings 27-11-2019 20-16-23.png Size: 97 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,178
  • Nov 27, 2019 4:22am Nov 27, 2019 4:22am
Quoting emmanuel7788
{quote} Tekkies cannot leave Emmanuel alone because has very poor reading skills. Post#5 in this thread clearly states that this thread will be about the 5-Method. The 5-Method started in the old thread which title was GBPUSD M15 but FF admin changed that to Craig Harris Stochastics ... therefore, #3103 is relevant to the 5-Method. Quoting eelfranz Chims... I almost always have the tdi & stoch on all my charts regardless of the method being used. However, it's not necessary...
Post#1 The key to this method is the Traders Dynamic Index indicator for entries and exits. I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.
#119 On this method the TDI is King. All trades are signaled by it as well as exits...
(What method did BigE refer to?)

You can start your story with this: Explain to readers why the contradiction between the Harris post and the above two post's.
------
Damit Tekkies you promised.
  • #99,179
  • Nov 27, 2019 4:22am Nov 27, 2019 4:22am
Quoting emmanuel7788
EURUSD Nov 27 London session now it depends on this H4 bar/candle to close and break below that H4 Master Candle low ... then we shall see if it will make to test the BRN 11000 and we would have a nice month end closing. 1.0991 is the Weekly WRB Low which is current swing support. {image}
the last H4 did not close with breakout of the H4 Master Candle low.

will this current H4 break low?

caution the next candle is Big E's 6am candle and he usually close his trade at 6am.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 27 2am candle 27-11-2019 20-21-03.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,180
  • Nov 27, 2019 4:26am Nov 27, 2019 4:26am
Quoting Tekkies
{quote} Post#1 The key to this method is the Traders Dynamic Index indicator for entries and exits. I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else. #119 On this method the TDI is King. All trades are signaled by it as well as exits... (What method did BigE refer to?) You can start your story with this: Explain to readers why the contradiction between the Harris post and the above two post's. ------ Damit Tekkies you promised.

putting all pieces of the big puzzle together and you will learn that the TDI can be king but Price Action is leading the king.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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