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Trading Made Simple

  • #107,281
  • Aug 11, 2020 12:01am Aug 11, 2020 12:01am
NZDCAD Aug 11 H4 10PM PDT 1AM NY EST

Do you have in your trade plan for this pair?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,282
  • Aug 11, 2020 12:04am Aug 11, 2020 12:04am
TMS Monitor Aug 11 H4 10PM PDT

lots of nice C-Slope to pick ....

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,283
  • Aug 11, 2020 12:18am Aug 11, 2020 12:18am
Quoting KennethYang
{quote} How do you think about PAC? is this good or not? You don't use PAC, right? Anyway thank you!
PAC is just another trading tool. A tool is not good or bad. The tool user must find how to use the tool so that it provides an edge.

Think about a gun as a tool. Shooter A lives in the wilderness and has learned that this tool helps him to down animals, which is an edge in staying alive. He finds his tool quite effective and valuable.

Shooter B is in the military and has learned this tool gives him an edge in staying alive when in hostile territory. He finds his tool quite effective and valuable.

Shooter C is an urban dweller that knows vey little about guns and has vey little experience shooting. He shot himself in the foot. He declares that this tool is not only worthless, but that it is dangerous and should be banned so that others are not injured.

Is this tool good or bad? No, it is not.
To free Gazans of Hamas, use whatever it takes.
  • #107,284
  • Aug 11, 2020 12:27am Aug 11, 2020 12:27am
Quoting DrDave
{quote} PAC is just another trading tool. A tool is not good or bad. The tool user must find how to use the tool so that it provides an edge. Think about a gun as a tool. Shooter A lives in the wilderness and has learned that this tool helps him to down animals, which is an edge in staying alive. He finds his tool quite effective and valuable. Shooter B is in the military and has learned this tool gives him an edge in staying alive when in hostile territory. He finds his tool quite effective and valuable. Shooter C is an urban dweller that knows...
Ban only foot shooting rifles.
  • #107,285
  • Aug 11, 2020 12:36am Aug 11, 2020 12:36am
Quoting emmanuel7788
Aug 11 H1 trading I just open buy AUDJPY H1 and sell EURAUD H1 ... trading chart later .... my breakfast counter is in a mess with my grand kids around now....
AUDJPY Aug 11 H1 and EURUAD Aug 11 H1


Hey Folks

here are my trade charts as I promised.

both trades taken profit and managing with trailing stop now.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,286
  • Aug 11, 2020 12:41am Aug 11, 2020 12:41am
Quoting Tekkies
{quote} Ban only foot shooting rifles.

No. You cannot ban rifles just because of one idiot.

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Three different persons/shooters and different 'market type conditions'

Just like in trading the markets, we trade only certain market type conditions using TMS 5-Method. If you trade narrow range market with green cross red, you are unlikely to make 200 pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,287
  • Aug 11, 2020 12:42am Aug 11, 2020 12:42am
Quoting DrDave
{quote} PAC is just another trading tool. A tool is not good or bad. The tool user must find how to use the tool so that it provides an edge. Think about a gun as a tool. Shooter A lives in the wilderness and has learned that this tool helps him to down animals, which is an edge in staying alive. He finds his tool quite effective and valuable. Shooter B is in the military and has learned this tool gives him an edge in staying alive when in hostile territory. He finds his tool quite effective and valuable. Shooter C is an urban dweller that knows...
You're right.
If I use that well, it is good for me.
If I use that badly, it is bad for me.

Thanks!
  • #107,288
  • Aug 11, 2020 12:47am Aug 11, 2020 12:47am
Quoting emmanuel7788
{quote} AUDJPY Aug 11 H1 and EURUAD Aug 11 H1 Hey Folks here are my trade charts as I promised. both trades taken profit and managing with trailing stop now. {image} {image}
I'm just wondering in EUR/AUD.
Yesterday you entered sell on 11:00 chart time.
Why didn't you enter in LO?
Do you have a special reason that you entered sell after 2 hour of LO?
  • #107,289
  • Aug 11, 2020 12:49am Aug 11, 2020 12:49am
GBPCAD Aug 11 H4 10PM PDT candle time

now I see the current H4 moving lower and breaking the NRi4B and that H4 Master Candle Low.

do you have a trade plan for this?
how do you trade this swing?

Follow Post#261 and Post#647

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,290
  • Aug 11, 2020 12:56am Aug 11, 2020 12:56am
Quoting KennethYang
{quote} I'm just wondering in EUR/AUD. Yesterday you entered sell on 11:00 chart time. Why didn't you enter in LO? Do you have a special reason that you entered sell after 2 hour of LO?
I have other pairs open and I will wait for them to have some profit locked before I add more trades and risk more than my daily risk amount. I avoid trading more than 5 pairs at the same time. Usually 3 pairs is good enough like this morning.

I waited for a momentum break of Asian Low and the alert came 3 minutes before that BEOB bar closed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,291
  • Aug 11, 2020 1:00am Aug 11, 2020 1:00am
Quoting emmanuel7788
{quote} I have other pairs open and I will wait for them to have some profit locked before I add more trades and risk more than my daily risk amount. I avoid trading more than 5 pairs at the same time. Usually 3 pairs is good enough like this morning. I waited for a momentum break of Asian Low and the alert came 3 minutes before that BEOB bar closed.
Good!
Thanks!
  • #107,292
  • Aug 11, 2020 1:01am Aug 11, 2020 1:01am
EURUSD Aug 11 H1 FO/LO

- if you are looking for a sell today, you need to see a 'strong ' reversal price action.

- a DBHLC is not good enough at this moment.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,293
  • Aug 11, 2020 1:03am Aug 11, 2020 1:03am
Quoting KennethYang
{quote} You're right. If I use that well, it is good for me. If I use that badly, it is bad for me. Thanks!

I remember what the OP Big E said:

Post#296
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,294
  • Aug 11, 2020 1:09am Aug 11, 2020 1:09am
GBP/NZD 4H

sell
comment?

Thanks
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  • #107,295
  • Aug 11, 2020 2:45am Aug 11, 2020 2:45am
Related to Post 107,282
Follow TDI
When green cross red, follow BigE's advice in post#647
- 5 = TDI cross over: green angle between: 12/2 buy, 2/4 no trade, 4/6 sell
- 4 = Stoch confirm direction
- 3 = TDI green bounce red
- 2 = Other double top (go back and check how many times this candle pattern indicate a change in trend direction with TDI green cross red following
- 1 = Below resistance level
- Look at bar size
- Look at length of wicks, placement of those wicks (top or bottom)
---
Using H1 to give that little extra edge
-1 Below resistance
-2 Use or don't use double top / bottom candle pattern
-3 TDI green confirm M15 green cross red
-4 Stoch confirm new direction
Move to BE + spread when possible and let price decided to give more pips or give only what BE already has.
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Read Post 9,220 See how TDI can help you.
Had a nice reading that remembering someone posted this: "TDI is not in the winning edge equation"
  • #107,296
  • Aug 11, 2020 3:04am Aug 11, 2020 3:04am
Quoting KennethYang
GBP/NZD 4H sell comment? Thanks {image}
Would any comment be of value Kenneth?
You follow your method rule's and those rule's work for you.
----
Why don't you enter when green cross red?
Why do you enter on bar two at the end of the H4 time period?
Why do you overly HA candle with Bar candle?
Attached Image
  • #107,297
  • Aug 11, 2020 3:05am Aug 11, 2020 3:05am
Quoting Tekkies
Related to Post 107,282 Follow TDI When green cross red, follow BigE's advice in post#647 - 5 = TDI cross over: green angle between: 12/2 buy, 2/4 no trade, 4/6 sell - 4 = Stoch confirm direction - 3 = TDI green bounce red - 2 = Other double top (go back and check how many times this candle pattern indicate a change in trend direction with TDI green cross red following - 1 = Below resistance level - Look at bar size - Look at length of wicks, placement of those wicks (top...

as usual talk the talk .... posting one winning trade does not mean nor show that you have a winning edge...

just another round of Verbal diarrhea matches trading skills?
https://www.forexfactory.com/thread/...trading-skills

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,298
  • Aug 11, 2020 3:07am Aug 11, 2020 3:07am
Quoting Tekkies
Related to Post 107,282 Follow TDI When green cross red, follow BigE's advice in post#647 - 5 = TDI cross over: green angle between: 12/2 buy, 2/4 no trade, 4/6 sell - 4 = Stoch confirm direction - 3 = TDI green bounce red - 2 = Other double top (go back and check how many times this candle pattern indicate a change in trend direction with TDI green cross red following - 1 = Below resistance level - Look at bar size - Look at length of wicks, placement of those wicks (top...
Had a nice reading that remembering someone posted this: "TDI is not in the winning edge equation"

Right, like the guy that shot himself in the foot does not have guns in his winning edge equation, but many others do.

So, it is no wonder that the guy that does not have TDI in his winning edge equation has taken about 8 YEARS to FINALLY achieve the 65% success rate of TMS BEGINNERS! All of his many gimmicks and nonsense are tools that he uses to keep digging himself deeper into his Failure Pit.
To free Gazans of Hamas, use whatever it takes.
  • #107,299
  • Aug 11, 2020 3:13am Aug 11, 2020 3:13am
Quoting DrDave
{quote} Had a nice reading that remembering someone posted this: "TDI is not in the winning edge equation" Right, like the guy that shot himself in the foot does not have guns in his winning edge equation, but many others do. So, it is no wonder that the guy that does not have TDI in his winning edge equation has taken about 8 YEARS to FINALLY achieve the 65% success rate of TMS BEGINNERS! All of his many gimmicks and nonsense are tools that he uses to keep digging himself deeper into his Failure Pit.
another member Fake Trading Guru talk a lot in this thread when his own thread TDA with IMT failed so badly that no member visits his thread so he come here to get attention... talk like a trading expert and comment on every other members posts with his hindsight analysis like most hindsight trading gurus.

just another round of Verbal diarrhea matches trading skills?
https://www.forexfactory.com/thread/...trading-skills
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,300
  • Aug 11, 2020 3:19am Aug 11, 2020 3:19am
Quoting Tekkies
Related to Post 107,282 Follow TDI When green cross red, follow BigE's advice in post#647 - 5 = TDI cross over: green angle between: 12/2 buy, 2/4 no trade, 4/6 sell - 4 = Stoch confirm direction - 3 = TDI green bounce red - 2 = Other double top (go back and check how many times this candle pattern indicate a change in trend direction with TDI green cross red following - 1 = Below resistance level - Look at bar size - Look at length of wicks, placement of those wicks (top...
@Tekkies

you lack confidence in PA therefore you need to use the TDI as your learning wheels. Take more time... like a few more years and you will one day be able to trade like the OP and taking trades would become a breeze. learn from Post3418 below linked, PA is HA candles,...

How can the TDI be in the winning edge when the OP himself said that you can trade without the TDI and removing the TDI would make taking trades a breeze.


Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
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.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

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