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Trading Made Simple

  • #108,121
  • Sep 6, 2020 11:32am Sep 6, 2020 11:32am
As I always like to come back to the thread that started it all for me, I look and see that many of the same names(faces) are still here and it is awesome to see people profiting from this system from Big E. As I read through I still see people who do not understand the fundamental reason of this system. The main thing to know is price action (Support/Resistance, Trend direction,Candlestick meanings).

Heiken ashi is made for psychological reasons and to show trend strength or indecision. I pop in here once in awhile to give tips that made Big E's system profitable for me.

Tip: Try to trade off only support/resistance levels and if your in an obvious trend the bounce method is great.The heiken ashi candles allow proper stop loss levels to be placed when trading at only the support/resistance levels.Support/resistance levels act as magnets for future price movement. (See where price may go)

Your friend and Ex-Garbageman,
Big Phil
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Make it as perfect as you can....
  • #108,122
  • Sep 6, 2020 11:59am Sep 6, 2020 11:59am
Also one more tip that I use. I color code levels for different timeframes. Daily S/R levels are different colors than 4Hour and the same for 1 hour levels. I trade off daily levels only on the Daily and 4 hour candlesticks. 4 hour levels I trade 4 hour and 1 hour candlesticks. 1 hour levels I trade 1 hour and 30 minute candlesticks. The reason for this is simple. How far price has to go in-between these levels on different timeframes is different. You have to be able to allow price to move and allow a decent or minimal stop loss. There are times when I trade that my stop loss can be large but I'd rather not teach that tip because it takes away from the Big E system. Be Well!
Make it as perfect as you can....
  • #108,123
  • Sep 6, 2020 5:00pm Sep 6, 2020 5:00pm
Week 37 Sep 07 to 11

Quoting philstodd
As I always like to come back to the thread that started it all for me, I look and see that many of the same names(faces) are still here and it is awesome to see people profiting from this system from Big E. As I read through I still see people who do not understand the fundamental reason of this system. The main thing to know is price action (Support/Resistance, Trend direction,Candlestick meanings). Heiken ashi is made for psychological reasons and to show trend strength or indecision. I pop in here once in awhile[/highlight]...
Hi Big Phil

very good points ... its about Price Action and Support/Resistance.

The good old days when computer screen were green on black only.... the TDI would only be green line.

Trade Well and Trade Safe.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,124
  • Sep 6, 2020 6:07pm Sep 6, 2020 6:07pm
Week 37 Sep 07

Let's start this week on the right foot. And we clear up the prejudice which members have about EAs or Expert Advisors.

There are different Expert Advisors EAs, some are auto-trading robots which most people know for very long time. Some EAs are simply trade managers, which help traders to manage their trades which they would initiate manually, the EA would then places their SL and TPs, manage the breakeven move, manages the trailing stops, scale-in more positions, scale-out positions, etc. Other EAs are trading tools which provide technical data and information of the market and price action conditions to the traders.

The brief history in this thread:

These two posts about trading with robots EAs:

In this first post by member Moewet, he asked of trading robot EA.

Quoting Moewet
Hello I'm I think this system rocks can someone with invite Steve Hopwood to this party I mean I would ask him myself to create this ea but I have no reputation on FF,so most likely he'll just ignore me but please someone reach out and touch him on this one,I know sometimes people don't want ea's to clutter the thread but the way Steve's been doing it lately he can just start a separate thread,thanks I respect the pippin going on here!

the date was Apr 27, 2011
member Moewet had an idea
and
SteveHopwood did just that ... May 01,2011
https://www.forexfactory.com/showthread.php?t=292301

Member had uploaded EA trading robot in this thread, an example here is this (Post#73,712)
https://www.forexfactory.com/thread/...10#post9438610


And I agree with Big E post Apr 27, 2011
Quoting eelfranz
Moe, We don't want any EA's. Why? They can't observe and think like humans can and do. You need to learn to think on your own while trading and making your own decisions. Most EA"s don't work well anyway... sorry buddy...
Big E's key points:

- most EAs auto trading robots don't work... that's his experience.

- TMS traders are discretionary traders who must observe and think on our own.

the OP Big E was right, those auto trading robots EAs don't work and cannot trade like him.

If you do not believe him, then forward test those EAs robots in live markets and learn from your own experience.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,125
  • Sep 6, 2020 6:31pm Sep 6, 2020 6:31pm
I get many PMs from members who are 'afraid' to post in this thread knowing that they will told off ... 'go and read the thread' and and and ....

The common questions asked relates to the 5-Method basics and this OP post.

Quoting eelfranz
A set up is NOT GREEN TOUCHING RED. Why? Many times green bounces back and the original direction continues. That's a bounce trade. Wait for green to CROSS RED and open your trade at the beginning of the new candle... usually candle 1 or 2. Catch the momentum...
Week 37

(1) When we are using the TDI version in Post#25, that version will update the green RSI Price Line and red Trader Signal Line at the Close price of the that bar/candle.

(2) what is candle 1 and 2

(3) "Catch the momentum" - what do the Price Bar and HA Candle look like when there is MOMENTUM?

This week, I will find some time and will show live market charts and explain (1) (2) and (3) above. I'll start with H1 during the London session and the H4 10PM, 2AM amd 6AM Pacific Time (Post#1)

Stay Tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,126
  • Sep 7, 2020 1:11am Sep 7, 2020 1:11am
USDCAD Sep 07 H4 2AM EST

- Frankfurt Open hour now
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,127
  • Sep 7, 2020 1:15am Sep 7, 2020 1:15am
GBPUSD Sep 07 H4 2AM EST

- Frankfurt Open hour
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,128
  • Sep 7, 2020 1:37am Sep 7, 2020 1:37am
Will London open take this one down some more.
- TDI green below 5
- Stoch confirm direction
- Just below Resistance.
That support / resistance line has become a major zone for price to break into a clear trend up or down since start of August 2020
- Long and short term down
- Bar's are short on H1 and big on M15
- Wicks are to the upside.
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  • #108,129
  • Sep 7, 2020 2:28am Sep 7, 2020 2:28am
Quoting Tekkies
Will London open take this one down some more. - TDI green below 5 - Stoch confirm direction - Just below Resistance. That support / resistance line has become a major zone for price to break into a clear trend up or down since start of August 2020 - Long and short term down - Bar's are short on H1 and big on M15 - Wicks are to the upside. {image}
Looks like you are selling into previous levels.

Today EurUsd can go either way.

I have my Aqua zones - above and below, either one will get 'filled' or maybe both get 'filled' .... its smart money vs dumb money.

So I let my TMS 5-Method show the Direction, Levels and Price Action.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,130
  • Sep 7, 2020 2:46am Sep 7, 2020 2:46am
Quoting Tekkies
Will London open take this one down some more. - TDI green below 5 - Stoch confirm direction - Just below Resistance. That support / resistance line has become a major zone for price to break into a clear trend up or down since start of August 2020 - Long and short term down - Bar's are short on H1 and big on M15 - Wicks are to the upside. {image}
When we looked at Last Friday' NFP, the market made a huge swing low then swing high. And today being the day after NFP, the M15 has been trading in very narrow range since NY open at 5PM Sunday. The price action is in a narrow range down-channel and the Stoch tells us its oscillator a story under such ranging price action condition. Also read the OP posts and what he observed that the price returns to previous TDI levels. Both the Stoch and the RSI (TDI) are oscillators and they both work very well in sideways ranging market type conditions. This is whyy the Op Big E was successful in trading swings move of 3 to 8 candles.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,131
  • Sep 7, 2020 2:54am Sep 7, 2020 2:54am
Now we look at M15 of the LO candle hour,

It looks rather bullish at this moment but look at NY Open and farther left ... what do you see as 'levels'?

EURUSD Sep M15 LO hour
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,132
  • Sep 7, 2020 3:48am Sep 7, 2020 3:48am
Trading the H4 Sep 07 2Am PDT NY 5AM EST


we will have a new H4 open in about 15 mins.

now is the time to check all your H4 charts if you want to trade the TDI and Follow Post#261 and Post#647.

If you are scalping say M5 and M15,
The best trade setups are usually when there are 3 basic things:
1) direction of the market
2) levels of support and resistance
3) the price action where we must see either strong buying with higher highs higher lows or strong selling with lower highs lower lows.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,133
  • Sep 7, 2020 3:51am Sep 7, 2020 3:51am
weak GBP ... selling GJ, GA, GCad....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,134
  • Sep 7, 2020 4:15am Sep 7, 2020 4:15am
sell EURUSD M15 ... 5:15AM EST
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,135
  • Sep 7, 2020 4:19am Sep 7, 2020 4:19am
Quoting emmanuel7788
{quote} Looks like you are selling into previous levels. Today EurUsd can go either way. I have my Aqua zones - above and below, either one will get 'filled' or maybe both get 'filled' .... its smart money vs dumb money. So I let my TMS 5-Method show the Direction, Levels and Price Action. {image}
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EURUSD Sep 07 upper Aqua zone 'cleared'.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,136
  • Sep 7, 2020 11:00am Sep 7, 2020 11:00am
a Nice little scale on M5
TDI green cross red
- angle below 5
- stoch confirm direction
apply post#647
- below resistance (H1 > 1.183021)
- double top
- big/long bar's
- wicks to to the top of bar
Done for the day
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  • #108,137
  • Sep 7, 2020 11:35am Sep 7, 2020 11:35am
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Some trades I took last week. Showing how trading off support/resistance levels and how different timeframes give different signals.I use regular candlesticks for exits per price action. I lost 20 pips on one trade as you can see but took profit on 60 pips. D o not mind or ask about my moving average and no stochastics. I generally use Big E's tdi method for entries. The rest is price action. Good luck this week friends. I'm enjoying my labor day! Charts are the same just switching from heiken to regular candles to show profit/loss/entry/exits.
Make it as perfect as you can....
  • #108,138
  • Sep 7, 2020 7:28pm Sep 7, 2020 7:28pm
Quoting Tekkies
a Nice little scale on M5 TDI green cross red - angle below 5 - stoch confirm direction apply post#647 - below resistance (H1 > 1.183021) - double top - big/long bar's - wicks to to the top of bar Done for the day {image}

That is a Phx62' PCRF trade.

Question is why make 4 sell entries of 1.0 lot size at about the same price? Isn't this multiplying the risk 4 times?


Notes:

1) the Stoch %K cross %D and the TDI RSI' green price line confirms later... Price Action above dictates both the oscillators - Stoch and RSI (TDI)

2) there are small price gaps and these have influence on the TDI' RSI green price lines which is based on the OHLC price.... in this case the Close price.

3) no previous price action PPA seen on the chart posted

4) did not use the APB/HA candle to look at PA ... the BASIC of TMS 5-Method.

5) did not use the 5EMA Typical Price, Shift+3 for direction. Post#261.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,139
  • Sep 7, 2020 8:27pm Sep 7, 2020 8:27pm
I've been looking for a thread that trades with TDI for a long time cos of the hate and all that has been on the TDI since that youtuber made a video where he made a rescaling window make the TDI look like it repaints. So glad I've found one. Looking forward to trading with yall
  • #108,140
  • Sep 7, 2020 8:53pm Sep 7, 2020 8:53pm
Quoting Nat.Fx
I've been looking for a thread that trades with TDI for a long time cos of the hate and all that has been on the TDI since that youtuber made a video where he made a rescaling window make the TDI look like it repaints. So glad I've found one. Looking forward to trading with yall

Trading Made Simple is the 5-Method ...

- trading with custom lagging oscillator like the TDI Post#25 is not a problem

- trading with a repainting of the green and red lines is also not a problem

what we trade is the realtime live market and we trade what we see , i.e. the Price Action + Support/Resistance + MOMENTUM show by the oscillators Stoch(8,3,3,) and the TDI' RSI green price line.

If you see the custom oscillator repaints its history bars in realtime, then it is true but the Price Action did not change/re-paints.

If you see the custom oscillator repaints its history bars when the charts are refreshed, then it is also true but the Price Action did not change/re-paints.

Study these two charts below:

What do you see on chart A and chart B, compare the two TDIs.


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