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Trading Made Simple

  • #100,041
  • Jan 27, 2020 9:14am Jan 27, 2020 9:14am
Quoting DrDave
{quote} I extracted only the above from your post. Are you serious???? Clearly, you have not even done trading 101 yet! You want to be a Master Chef but haven't even done your time learning basic cutting techniques, let alone actually cooking something! Why in the world would anyone explain to you the basics? There are thousands of resources for you to TAKE THE INITIATIVE and learn them as a PREREQUISITE. If you actually read the entire thread, then you already saw links given to some good learning resources. Anyway, the title is Trading Made Simple,...
Trust me, I do my homework. I constantly absorb every lesson and resources, keeping my mind open for new things, try to improve and learn.

It’s really easy to come up with such comment. All I said is that a strategy like the OP provided here is leaving out important lessons so especially „new“ traders like me are able to built a „working“ framework on.

I never said that’s there is anything wrong with that what the OP introduced but people here tend not to be able to read through the lines all the time.

You asked me for more details on my trading plan in order to help and I just gave it to you.

So if you can’t help with that just admit it and say I can’t help you and everything is fine.

I don’t expect to get spoon feeded. But if you ask 100 „traders“ here for a simple question you get like 300 different answers to that.

If there is no statistical evidence that any indicator, price action, chart pattern, trendline or what ever else hokus pokus is able to outperform the market or giving you that „edge“ I guess the only correct answer why 5% still win is because of experience and proper risk and money management.

Probably you could even end up profitable after 10 years trading with just taking random trade entries without even looking at a chart if you „manage“ those trades correctly, cut losers fast and let winners run a big longer.

Anyways this won’t help me one bit for the moment.

So again what instrument to trade on the lower time frames and what strategy where I could at least in theory achieve my goals which has been described in detail already.

Trading this strategy on a lower timeframe with a 5 pips stop loss is quiet unrealistic if you not even get a 50 win chance to reach at least the 10 pips profit target if only half of your entries are correct, right?

More like you get stopped out 8 of 10 times right away and the two winners will reverse just 2 pips before your fixed 10 TP profit target.
  • #100,042
  • Jan 27, 2020 12:34pm Jan 27, 2020 12:34pm
Is there a TDI version giving alerts that aren’t one or two bars late?

What is the idea behind trading „in the direction“ of the trend when the „trend“ is always only visible to the left side of the chart and can be different on each time frame and can change at any time?

So basically we always identifying already existing trends which can at any time drift into a sideways market?

As far as i understand the TDI indicator should somehow signal a possible „change“
in direction of price to me or that „now“ is the time where price will most likely make a „move“, is that correct?
  • #100,043
  • Jan 27, 2020 5:11pm Jan 27, 2020 5:11pm
Quoting robert231
So which are the best / actual indicators now to start TMS? The old non repainting TDI or the repainting one? As I understood, I need to wait till a candle closes and the look at TDI + PA and decide to entry / exit?
Well, when I started reading Trading Made Simple back in 2011 I did not believe that thread title that trading can be made simple.

It was one of my day trading trading buddy who recommended that I follow X-Man's thread (H1 and H4 trading) and learn price action trading. X-Man was one of Big E 'students' in those early days. Then in X-Man' thread, a member told me about the TMS thread by member loveevery1 ( aka Arjun or LE1) where I learned trading M15 chart timeframes.
Both X-Man and LE1 are price action traders where their belief is that Price Action is king. They are better traders as I now know after trading TMS 5-Method for 10 years.

LE1 thread: https://www.forexfactory.com/showthread.php?t=345586

X-Man thread: https://www.forexfactory.com/showthread.php?t=327972

However, if you want to learn to trade by following Big E trading journey here in Forex Factory, I suggest you read this thread from Post#1 up to Post12,912. At some point, it will take you back to Big E old thread which title started as "GBPUSD M15" but later changed by FF Admin to "Craig Harris Stochastic Method". In the old thread, you will learn how Big E traded with the Stochastics and what he did by blending components of other method/system and created his 5-Method which he moved to this new thread.

Start with the TDI version in Post#25 and learn how this version works in live market data. Follow Big E's posts and apply his written rules. Do demo trades and post your charts for other members to comment. Learn from doing live trades with demo account not by scrolling back old charts. Do not trade live with real money until you have achieved CONSISTENCY in you win rate. This may take time, can be 3 years or after 1,000 trades. You also need to learn money management strategy and risk management in preparation for later live trading with real money.

If you want to learn the other TDI RT version, you can place both TDIs on the same chart and study them in live market conditions BUT do not refresh your charts or re-start your MT4.

Example of M15 TDI compare below:
This chart has not been refresh since Tokyo Open Jan27.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan 27 M15 whole day 28-1-2020 7-06-24 am.png Size: 40 KB


Enjoy your learning journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,044
  • Jan 27, 2020 6:04pm Jan 27, 2020 6:04pm
Quoting emmanuel7788
{quote} Well, when I started reading Trading Made Simple back in 2011 I did not believe that thread title that trading can be made simple. It was one of my day trading trading buddy who recommended that I follow X-Man's thread (H1 and H4 trading) and learn price action trading. X-Man was one of Big E 'students' in those early days. Then in X-Man' thread, a member told me about the TMS thread by member loveevery1 ( aka Arjun or LE1) where I learned trading M15 chart timeframes. Both X-Man and LE1...
What happened to the op? Did he quit FX or got super rich from his own system and disappeared?
Also, many of the tools given are outdated n no longer run in current version of mt4.
  • #100,045
  • Jan 27, 2020 6:07pm Jan 27, 2020 6:07pm
Quoting lddd
Is there a TDI version giving alerts that aren’t one or two bars late?


NO.
The default setting of the TDI is based on the RSI period 13 data (Close price) and the TDI Price Line PL green line is simply a calculated 2-period Exponential Moving Average of the RSI(13) data. This green line is lagging the RSI(13) using the Close price.
What if's:
What if you change that PL to 1EMA?
What if you look at the RSI(13) line instead of using a EMA added to it?

The RSI is an oscillator and it is useful when market is ranging but not when the market is trending and when trading breakouts after a consolidation period.

Quoting lddd
What is the idea behind trading „in the direction“ of the trend when the „trend“ is always only visible to the left side of the chart and can be different on each time frame and can change at any time?


You are correct. Hindsight will show us the 'trends' in the past data seen on the left of all charts. These 'trend' are different on different timeframes.

hence my favourite pic below. Which timeframe 'trend' do you want to trade?
A 'trend' seen on H1 can be the retracement of a D1 TF 'trend'.
A 'trend' seen on H4 can be the retracement of a W1 TF 'trend'.

Attached Image


Quoting lddd
So basically we always identifying already existing trends which can at any time drift into a sideways market?


YES. You are absolutely correct.
Most market price trend will end and you need to find a consistent approach how to identify the end of the trend and the market go sideways. One approach is to look at the price action and price momentum. I do this on my Weekly chart timeframe becasue I trade the Daily TF.
But you can learn to identify reversal setups like the way the OP did and trade the reversals. I learned to follow the true reversal in his old thread. Only when the reversal turn into an establish trend, only take the continuation trade setups aka bounce trades.


Quoting lddd
As far as i understand the TDI indicator should somehow signal a possible „change“ in direction of price to me or that „now“ is the time where price will most likely make a „move“, is that correct?


NO.
The TDI is moving averages of the RSI, this does not signal any change in direction of the price. It shows the price calculated momentum and the change in its relative momentum - positive or negative, again limited to the period of the RSI data used.
We cannot predict where price will go therefore we protect the downside of all our trades and learn ho to 'let profits run'... scaling in works.

I have been through the same many years ago, asked these same questions over and over again in my last 20 years and learn the hard way.

Hope these helps.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,046
  • Jan 27, 2020 6:15pm Jan 27, 2020 6:15pm
Quoting OutThere
{quote} What happened to the op? Did he quit FX or got super rich from his own system and disappeared? Also, many of the tools given are outdated n no longer run in current version of mt4.

The OP eelfranz of this thread died in 2012.

The other OPs - LE1 and X-Man are still trading their own versions of the 5-Method.

If you ask me what happened to Dean Malone who created the Traders Dymanic Index and Synergy trading systems, well he went on sabbatical. I dont know when or if he will return to selling more of his stuff. If you ask Synergy system traders, ... some whom I know since 2007 are still trading but with their own variations and add-on. While the others - many many more have given up along their journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,047
  • Jan 27, 2020 6:38pm Jan 27, 2020 6:38pm
Quoting emmanuel7788
{quote} The OP eelfranz of this thread died in 2012. The other OPs - LE1 and X-Man are still trading their own versions of the 5-Method. If you ask me what happened to Dean Malone who created the Traders Dymanic Index and Synergy trading systems, well he went on sabbatical. I dont know when or if he will return to selling more of his stuff. If you ask Synergy system traders, ... some whom I know since 2007 are still trading but with their own variations and add-on. While the others - many many more have given up along their journey.
I wonder if I'll die one day sitting in front of the computer staring at a chart.......
quite likely!
  • #100,048
  • Jan 27, 2020 6:48pm Jan 27, 2020 6:48pm
Quoting OutThere
{quote} I wonder if I'll die one day sitting in front of the computer staring at a chart....... quite likely!

well, only you can prevent that from happening. don't let that happen.

should that happen, at least have some music in the background.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,049
  • Jan 27, 2020 6:49pm Jan 27, 2020 6:49pm
EURUSD Week05 Jan28 H4

do you trade when the oscillators are in their oversold regions?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 05 Jan 28 H4 28-1-2020 8-40-23 am.png Size: 238 KB



I trade the Daily... sell only.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week05 Jan28 D1 28-1-2020 8-50-16 am.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,050
  • Edited 12:40am Jan 28, 2020 12:29am | Edited 12:40am
Attached Image (click to enlarge)
Click to Enlarge Name: realtime22.PNG Size: 35 KB

Yet, nobody can explain the above.
Looks fantastic, does it not.

So why can traders not achieve the same result's?

It is how you see / understand:
> the angle of TDI green when it is about to crossover the red
> stoch confirm direction
> support / resistance level.
> where is the trade going to be placed
- on the same bar as the crossover (top, middle, bottom) or new bar after crossover
Get those four points correct first, apply the rest of post#647 for more confirmation before placing a trade.

Some will say it is hindsight trading.
Is it?
The only way to find out the truth is to do your own testing.
Everything you need has been posted and explained over and over.
Attached Image (click to enlarge)
Click to Enlarge Name: hinsight.PNG Size: 90 KB
  • #100,051
  • Jan 28, 2020 12:56am Jan 28, 2020 12:56am
Quoting Tekkies
{image} Yet, nobody can explain the above. Looks fantastic, does it not. So why can traders not achieve the same result's? It is how you see / understand: > the angle of TDI green when it is about to crossover the red > stoch confirm direction > support / resistance level. > where is the trade going to be placed - on the same bar as the crossover (top, middle, bottom) or new bar after crossover Get those four points correct first, apply the rest of post#647 for more confirmation before placing a trade. Some will say it is hindsight trading. Is it?...
hey Tekkies

you H1 chart shows Jan 22 onwards, is that chart realtime live market capture or refreshed?
if you use the TDI version in Post#25, then it look like the TDI green line has been repainted.

why don't you post charts using the template by the OP. Include the APB/HA candle and the 5EMA for the purpose that we study and compare the same.
if there is no REVERSAL candle, then there is no trade. Post#261
if the candles are small, then there is no trade.

...
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies 100051 chart 28-1-2020 2-51-22 pm.png Size: 112 KB


my chart same period Jan 21 below:

On my chart below, I have the Stocastics(8,3,3) as signal to confirm the price action REVERSAL candle like what the OP showed many examples in the old thread.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan 21 to 28 H1 TDI compare 28-1-2020 2-50-34 pm.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,052
  • Jan 28, 2020 1:03am Jan 28, 2020 1:03am
EURUSD M15 TDI versions compare - Jan 27 and Jan 28,

screenshot capture every 15 mins...

two TDI look different , right?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan 27 28 M15 TDI compare 28-1-2020 3-01-02 pm.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,053
  • Jan 28, 2020 1:50am Jan 28, 2020 1:50am
EURUSD Jan28 M15 Price Action setup

- Bullish Engulfing Outside Bar with Stoch(8,3,3) cross signal
- TDI#25 green line angle ... very nice !

but there is huge risk trading this M15 candle in a consolidation area and with London Open in 15 minutes time.
there are other risk factors too.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan28 M15 FS BUEOB 28-1-2020 3-45-45 pm.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,054
  • Jan 28, 2020 2:21am Jan 28, 2020 2:21am
EURUSD Jan28 M15 London Open

we see a price pulled back and bounce, the TDI#25 green line responded nicely .. hooks back and bounce too.

look at the TDI Realtime version and make your own conclusion.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan28 M15 LO 28-1-2020 4-17-46 pm.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,055
  • Jan 28, 2020 2:37am Jan 28, 2020 2:37am
Quoting emmanuel7788
{quote} hey Tekkies you H1 chart shows Jan 22 onwards, is that chart realtime live market capture or refreshed? if you use the TDI version in Post#25, then it look like the TDI green line has been repainted. why don't you post charts using the template by the OP. Include the APB/HA candle and the 5EMA for the purpose that we study and compare the same. if there is no REVERSAL candle, then there is no trade. Post#261 if the candles are small, then there is no trade. ......
Refreshed chart before start of trading houers.
-----
Why don't you remove APB/HA candle / 5EMA?
Why do you prefer Post#261 above Post#647??
Why do you prefer reversal candle above TDI
Why do you use stoch as signal to confirm price action
Why do you use examples from the old thread in the new thread.
-----
There is not much to discuss Emmanuel.
You do your utter best to convince members to remove TDI from chart.
You have posted you don't use TDI anymore to trade with
You never use the angle of TDI green as the first step to determine possibility of a potential trade
You don't use stoch to confirm direction of TDI green
----
Sorry Emmanuel, I would rather prefer to avoid any chart discussion with you
I will keep posting chart's as I have posted.

Readers that are willing to make a effort to understand this method can see how I use BigE advice
They can:
- download BigE full.pdf
- do their own due diligence
- compare what I post to how they understand BigE's post's.
  • #100,056
  • Jan 28, 2020 2:59am Jan 28, 2020 2:59am
Hey Tekkies,

Quoting Tekkies
{quote} Refreshed chart before start of trading houers. ----- ...
so it is confirmed by you that your chart posted above had been refreshed. Hence that TDI#25 green line red line are both re-painted to show in ths history price chart.


Quoting Tekkies
{quote} - Why don't you remove APB/HA candle / 5EMA? ...
I did not remove the APB/HA and the 5EMA because these are the core components of Big E 5-Method.

Quoting Tekkies
{quote} - Why do you prefer Post#261 above Post#647?? - ...
I don't prefer Post#261 over Post#647. Both posts are important and one does not replace the other. I follow both posts.
Post#647 give me the big picture of the market.
Post#261 describes the setup conditions how Big E had traded.

Quoting Tekkies
{quote} - Why do you prefer reversal candle above TDI Why do you use stoch as signal to confirm price action ...
Please study Post#261, the basics of the method in this important post. Reversal candle, TDI and Stcoh are three different and important components in the trade setups.
One of the keyword in Post#261 is "reversal". Do not ignore this.
The TDI #25 shows the importance of the price momentum. I follow the actual RSI(13) which is better respond to the price action than the EMA(2) of the RSI(13) data. The EMA(2) of the RSI(13) data lags the actual RSI(13) line.

Quoting Tekkies
{quote} - Why do you use examples from the old thread in the new thread. ----- ...
Examples in the old thread are good examples of the 5-Method where Big E started his development of two other methods - the 21/233 Method and the 5-Method after the GBPUSD M15 discussion was renamed by FF admin to Craig Harris Stochastics Method. You refuse to read that old thread just because the thread title was changed and there are several methods shared by Big E in that thread. The 5-Method which is Trading Made Simple here started in that old thread.

---/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,057
  • Jan 28, 2020 3:07am Jan 28, 2020 3:07am
Quoting eelfranz
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...

here Folks,

the OP said this:

Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum.


I recommend the same that you go read and study the old thread when you want to follow the trading journey of Big E in Forex Factory. Learn EVERYTHING he shared. You wont regret learning EVERYTHING but you don't need EVERYTHING to trade and make some money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,058
  • Jan 28, 2020 3:34am Jan 28, 2020 3:34am
Quoting Tekkies
{quote} ...There is not much to discuss Emmanuel. You do your utter best to convince members to remove TDI from chart. You have posted you don't use TDI anymore to trade with You never use the angle of TDI green as the first step to determine possibility of a potential trade You don't use stoch to confirm direction of TDI green --- ....
No Tekkies, there is still a lot to discuss about the original 5-Method in this thread for new traders to follow and learn.

I am not here to convince members to remove the TDI. I have mastered the 5-Method and I am here to show members the different TDIs shows different response to the real price in live market conditions. It is useless to scroll back to history charts and do hindsight trading.

The RSI(13) original line is much better to see the price momentum. The EMA(2) of the RSI(13) data is lags the RSI(13) data.

The Stoch(8,3,3) must show the %K cross %D to set the new direction. The cross of the %K and %D has a reversal candle setup and the TDI#25 will show the same signal.... read and follow Post#261. Keyword "reversal"

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post261.png Size: 135 KB



Quoting Tekkies
{quote} ..--- Sorry Emmanuel, I would rather prefer to avoid any chart discussion with you I will keep posting chart's as I have posted. ....

You are afraid to discuss details with charts because you are afraid to face the truth when you have been proven wrong again.

Look at this latest chart below and compare the two TDI versions .

Fact is shown here that different TDI version will produce different outcome when traders follow blindly written rules by the OP and use the 'wrong' TDI version.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan28 M15 TDI compare 28-1-2020 5-09-07 pm.png Size: 75 KB


---/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,059
  • Jan 28, 2020 3:42am Jan 28, 2020 3:42am
Quoting Tekkies
{image} Yet, nobody can explain the above. Looks fantastic, does it not. So why can traders not achieve the same result's? It is how you see / understand: > the angle of TDI green when it is about to crossover the red > stoch confirm direction > support / resistance level. > where is the trade going to be placed - on the same bar as the crossover (top, middle, bottom) or new bar after crossover Get those four points correct first, apply the rest of post#647 for more confirmation before placing a trade. Some will say it is hindsight trading. Is it?...

here Tekkies

you posted EURUSD H1 today, now ...

Look at the EURUSD H1 chart below,

see the two different TDI versions and what it shows responding to the current price action.

tell us what you see ... we can discuss on...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan28 H1 LO2 28-1-2020 5-39-40 pm.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,060
  • Jan 28, 2020 4:03am Jan 28, 2020 4:03am
EURUSD Jan28 H1 London session 2 hours later,

the TDI#25 shows a nice bounce off the red line,

the other TDI shows different ...

but other factors say no trade. .. when we follow Post#261 basics.

e.g. Stoch and TDI show different signals, market in consolidation, etc.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan28 H1 TDI 25 bounce 28-1-2020 6-00-05 pm.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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