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Trading Made Simple

  • #100,261
  • Edited 7:00pm Feb 4, 2020 6:15pm | Edited 7:00pm
Quoting Loker921
{quote} Hi Emmanuel , how about trading on daily chart ? Any specific rules to follow ?
Trading the Daily, same 5-Method ... same basic rules written out in Post#261 and expand your own rules on using a proven Money Management strategy and Multiple Entries / Multiple Exits, take a view of the longer term support and resistance of the Weekly and Monthly, develop your mental strategies how to deal with the changing market conditions when your money is in the market, ... you need your own Blueprint for Trading Success this is the first rule step!

Quoting Loker921
{quote} Hi Emmanuel , . Do you mind to share your consistency trading tips or discipline ?
before we talk about consistency - you need first to have the mental fitness to be that trader you want to be.... mental fitness > develop your mental strategies.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,262
  • Feb 4, 2020 6:21pm Feb 4, 2020 6:21pm



Attached Image (click to enlarge)
Click to Enlarge Name: JPY pick Week06 Feb05 5-2-2020 8-17-07 am.png Size: 105 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,263
  • Feb 5, 2020 12:15am Feb 5, 2020 12:15am
EUR and GBP cross pairs Daily

pick only the best setups...

GBPAUD sell

Attached Image (click to enlarge)
Click to Enlarge Name: EUR and GBP crosses Feb05 5-2-2020 2-13-10 pm.png Size: 92 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,264
  • Feb 5, 2020 12:58am Feb 5, 2020 12:58am
Keep sell GBPUSD

Daily down
1H down
Always Positive
  • #100,265
  • Feb 5, 2020 1:05am Feb 5, 2020 1:05am
Quoting Leongang
Keep sell GBPUSD Daily down 1H down


sell when HA PA below 5EMA... H1 intraday favourite pairs,

Attached Image (click to enlarge)
Click to Enlarge Name: Majors Feb05 H1 5-2-2020 3-03-05 pm.png Size: 92 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,266
  • Feb 5, 2020 3:21am Feb 5, 2020 3:21am
I have been following this post for some time but could someone kindly point me towards correct indicators for this please?

Is there like a recent ZIP file with everything in?

I don't want to be using the wrong setup.

Many thanks in advance
You can lead a horse to water, but you can't make it drink
  • #100,267
  • Feb 5, 2020 3:55am Feb 5, 2020 3:55am
Quoting xkwisit2001
I have been following this post for some time but could someone kindly point me towards correct indicators for this please? Is there like a recent ZIP file with everything in? I don't want to be using the wrong setup. Many thanks in advance
Ask and answered many times.
Have you read any post's? Say like last week: Post 100,115
You will find your answer.
  • #100,268
  • Feb 5, 2020 4:07am Feb 5, 2020 4:07am
Quoting Tekkies
{quote} Ask and answered many times. Have you read any post's? Say like last week: Post 100,115 You will find your answer.
I didn't add that I had not been following for some months sorry. Made myself sound stupid sorry.

Thanks for pointing me in the right direction. Bit lazy from me!
You can lead a horse to water, but you can't make it drink
  • #100,269
  • Feb 5, 2020 4:17am Feb 5, 2020 4:17am
Have posted not so far back an spreadsheet with ridicules profit. Not something realistic.
a Pipe dream?
Download BigE full.pdf.
Follow only his advice > Study, learn, practices.
For those that are concerned if 150 pips can be achieve per day > Pip value: 248
------
Have reached Januarie target, today have exceeded Februarie target.
Attached Image

Here is some of the trades.
Attached Image (click to enlarge)
Click to Enlarge Name: een.PNG Size: 50 KB

-----
Like Iddd posted. Don't let events scare you.
  • #100,270
  • Feb 5, 2020 4:22am Feb 5, 2020 4:22am
Quoting xkwisit2001
{quote} I didn't add that I had not been following for some months sorry. Made myself sound stupid sorry. Thanks for pointing me in the right direction. Bit lazy from me!
No problem.
----
Little advice. You can't afford to be lazy. The market will rip you apart.
  • #100,271
  • Feb 5, 2020 7:03am Feb 5, 2020 7:03am
Quoting xkwisit2001
I have been following this post for some time but could someone kindly point me towards correct indicators for this please? Is there like a recent ZIP file with everything in? I don't want to be using the wrong setup. Many thanks in advance

Hi

You have been gone for quite a while... welcome back!

simple question requires simple answer as always... #100,117 saves a lot of time and help people get started right away...

the latest indicators and templates used by the OP are in Post#25 are still the same being used today after he passed away in 2012.

https://www.forexfactory.com/showthr...49#post4569749
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,272
  • Feb 5, 2020 7:55am Feb 5, 2020 7:55am
Quoting emmanuel7788
{quote} Hi You have been gone for quite a while... welcome back! simple question requires simple answer as always... #100,117 saves a lot of time and help people get started right away... the latest indicators and templates used by the OP are in Post#25 are still the same being used today after he passed away in 2012. https://www.forexfactory.com/showthr...49#post4569749...

Thanks Emmanuel, I appreciate it. I have the setup still saved from many years ago so I am glad it hasn't changed.

Look forward to getting back into this and start banking some green!
You can lead a horse to water, but you can't make it drink
  • #100,273
  • Feb 5, 2020 9:08am Feb 5, 2020 9:08am
Hi team. I'm new here, have been reading about TMS strategy and would like to give it a try. My question is what are the recommended/correct settings for my TDI & Heiken Ashi indicators? l understand stochastic is set at 8,3,3.

Thanks
  • #100,274
  • Feb 5, 2020 9:40am Feb 5, 2020 9:40am
Quoting lsengwe
Hi team. I'm new here, have been reading about TMS strategy and would like to give it a try. My question is what are the recommended/correct settings for my TDI & Heiken Ashi indicators? l understand stochastic is set at 8,3,3. Thanks
Everything is at post #25 my friend . Read and study from there . Basically the TDI setting is 13,0,34,2,0,7,0
  • #100,275
  • Feb 5, 2020 9:44am Feb 5, 2020 9:44am
Quoting Tekkies
Have posted not so far back an spreadsheet with ridicules profit. Not something realistic. a Pipe dream? Download BigE full.pdf. Follow only his advice > Study, learn, practices. For those that are concerned if 150 pips can be achieve per day > Pip value: 248 ------ Have reached Januarie target, today have exceeded Februarie target. {image} Here is some of the trades. {image} ----- Like Iddd posted. Don't let events scare you.
Where is your 5 EMA Tekkies ? Perhaps you are just trading Pure Price Action with TDI ?
  • #100,276
  • Feb 5, 2020 10:32am Feb 5, 2020 10:32am
Quoting Loker921
{quote} Where is your 5 EMA Tekkies ? Perhaps you are just trading Pure Price Action with TDI ?
Find answer in Post#718
  • #100,277
  • Feb 5, 2020 3:36pm Feb 5, 2020 3:36pm
Quoting Loker921
{quote} Where is your 5 EMA Tekkies ? Perhaps you are just trading Pure Price Action with TDI ?
topic for discussion:

what is Pure Price Action?

is trading without any technical indicators considered as Pure Price Action?

did Big E evolved over 4 years (2008 - 2011) into a Pure Price Action trader? study Post#2617.

Quoting eelfranz
...It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why? ......
what would Trading Made Simple method's name be without its 5-EMA Typical Price, Shift+3?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,278
  • Feb 5, 2020 4:05pm Feb 5, 2020 4:05pm
Quoting emmanuel7788
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USDSGD Feb05 Daily update 5-2-2020 6-22-22 am.png Size: 51 KB


WOW! SingDollars took some serious beating in the markets ... profit move better than that BRN 1.3800

watch carefully that MOMENTUM high 1.3825 if today can make a new higher high and CLOSE higher than 1.3825.

Attached Image (click to enlarge)
Click to Enlarge Name: USDSGD Feb 05 closed 6-2-2020 5-40-56 am.png Size: 54 KB


Quoting Tekkies
{quote} Find answer in Post#718
There are few lessons from that Post#718.

> to see how PA interacts with the 5ema line during the trade. Gives me a better feel for what's going on...

> use the 5EMA for the conservative (conserative) setup candle, this still work today. If you try the aggressive entry, you will lose more than you would win. Many traders have gone that path and lost and given up.

USDSGD is a good example: Look at where the price is and the distance from its 5EMA.

does the angle of the 5EMA matter? YES!. that would be a bonus

Question is : Can you trade simply with the Price, APB/HA candles and 5EMA? YES.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,279
  • Feb 5, 2020 4:44pm Feb 5, 2020 4:44pm
Quoting lsengwe
Hi team. I'm new here, have been reading about TMS strategy and would like to give it a try. My question is what are the recommended/correct settings for my TDI & Heiken Ashi indicators? l understand stochastic is set at 8,3,3. Thanks

Quoting Loker921
{quote} Everything is at post #25 my friend . Read and study from there . Basically the TDI setting is 13,0,34,2,0,7,0

Hi Isengwe

Welcome to the thread!

when you are new to trading and starting to learn Trading Made Simple' 5-Method, you can use the default setting of the TDI Red Green version in Post#25 and make sure you read all the OP posts and follow those written rules with some discretion.

as you would progress with more demo trading in live market conditions you will gain more experience and when you can read price bars and the APB/HA candles behaviour then you can consider making some changes to the TDI like using the TDI Pro version which as different settings. This would make a difference to your own trading when you write your own trading rules for your own trading system.

the Average Price Bar we use here is different from the original traditional Heiken Ashi
the APB as what the OP referred to as HA candle places more emphasis on the Close price of the market' real Open, High, Low and Close OHLC.

Important to note that when the OP mentioned HA candle#1 and #2 for his aggressive trade entry, he was referring to the APB candles and not the Heiken Ashi. The body size is important because the OP uses that for PA Price Action decisions.

some old posts on this topic:

https://www.forexfactory.com/showthr...48#post5412148

https://www.forexfactory.com/showthr...1#post10272421

https://www.forexfactory.com/showthr...6#post10280096
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,280
  • Feb 5, 2020 5:18pm Feb 5, 2020 5:18pm
Quoting lsengwe
Hi team. I'm new here, have been reading about TMS strategy and would like to give it a try. My question is what are the recommended/correct settings for my TDI & Heiken Ashi indicators? l understand stochastic is set at 8,3,3. Thanks

APB/HA candle body and CLOSE price

study these charts and look at the APB/HA candles and the actual CLOSE price of the market. Also note the market' OPEN price if you see them or if the OPEN is hidden by the APB/HA body. ... the ART of TradingMadeSimple and its REVERSAL candle.

take notes!

Attached Image (click to enlarge)
Click to Enlarge Name: APB body and Close price 6-2-2020 7-15-34 am.png Size: 96 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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