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Trading Made Simple

  • #108,261
  • Sep 10, 2020 11:53am Sep 10, 2020 11:53am
Quoting Tekkies
Who is this ToxicFakeTrader?
HA-HA-HA-HA-HA! Great trick question! You can get a taste of the toxicity starting here. You will be able to ID him by one of his other names that he uses in the TMS thread.
To free Gazans of Hamas, use whatever it takes.
  • #108,262
  • Sep 10, 2020 12:01pm Sep 10, 2020 12:01pm
Quoting DrDave
{quote} HA-HA-HA-HA-HA! Great trick question! You can get a taste of the toxicity starting here. You will be able to ID him by one of his other names that he uses in the TMS thread.
Oh, him.
Only see this.
Attached Image
Works like a charm.
  • #108,263
  • Sep 10, 2020 12:04pm Sep 10, 2020 12:04pm
Quoting DrDave
{quote} HA-HA-HA-HA-HA! Great trick question! You can get a taste of the toxicity starting here. You will be able to ID him by one of his other names that he uses in the TMS thread.
Dave!
What Price Action / Candle pattern would indicate a sell on both chart's?
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  • #108,264
  • Sep 10, 2020 12:08pm Sep 10, 2020 12:08pm
Quoting DrDave
{quote} GBPUSD UPDATE OK, so some people look only at 1 or 2 TFs and make their trading decisions. Here is a great example of why it is important to look at smaller TFs to give you a clue about what is more LIKELY to occur. Yes, as already stated, the H4/H8 had confirmed making a RALLY to the confirmed D2 down (that is working on W1 that is coming down), so these rallies on bigger TFs are for counter-trend trades. When the rally ends, look for the sell entries. For example,...
that's why I use arrows in H4 to know the trend
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  • #108,265
  • Sep 10, 2020 12:39pm Sep 10, 2020 12:39pm
Quoting COmar.FX
{quote} that's why I use arrows in H4 to know the trend {image}
Which of those (count 10 indicator's) is the "boss" indicator.
(The one that has the final say.)
In this thread it is TDI indicator.
  • #108,266
  • Sep 10, 2020 1:01pm Sep 10, 2020 1:01pm
Quoting Tekkies
{quote} Dave! What Price Action / Candle pattern would indicate a sell on both chart's? {image}

Not a ToxicFakeTrader please. But on the first chart a pin bar was formed at resistance that signals a strong sell

On the second. An engulfing candle was formed before the drop.

But, Tdi and 5 ema will indicate these reversals too. Also, Candle stick patterns work only like 55% of the time. Thats why I take my trades based on momentum, TDI, 5 ema and Stochs
  • #108,267
  • Sep 10, 2020 1:08pm Sep 10, 2020 1:08pm
Quoting Tekkies
{quote} Oh, him. Only see this.
Attached Image
Works like a charm.
I am with you on that one, man!

So much trash, nonsense, lies, toxicity, and endless repetition is simply GONE!

Also gone are some big laughs, but it is worth it to give those up. There are still plenty of laughs on TMS anyway.
To free Gazans of Hamas, use whatever it takes.
  • #108,268
  • Sep 10, 2020 1:11pm Sep 10, 2020 1:11pm
Quoting Tekkies
{quote} Dave! What Price Action / Candle pattern would indicate a sell on both chart's?
Attached Image
I don't look at candle patterns.

I include IMT in my analyses, so there is no trade setup on H1.

On M15, there is a sell setup for me, but not where you marked.
To free Gazans of Hamas, use whatever it takes.
  • #108,269
  • Sep 10, 2020 1:14pm Sep 10, 2020 1:14pm
Quoting Nat.Fx
{quote} Not a ToxicFakeTrader please. But on the first chart a pin bar was formed at resistance that signals a strong sell On the second. An engulfing candle was formed before the drop. But, Tdi and 5 ema will indicate these reversals too. Also, Candle stick patterns work only like 55% of the time. Thats why I take my trades based on momentum, TDI, 5 ema and Stochs
Nar.FX: Pinbar, Resistance / Engulfing candle.
Tekkies: Resistance and wick's to the upside(downside?) / Double top
---
TDI green angle is momentum, Stoch is direction, (5EMA don't know)

Who else?
  • #108,270
  • Sep 10, 2020 1:25pm Sep 10, 2020 1:25pm
Quoting Nat.Fx
{quote} Not a ToxicFakeTrader please. But on the first chart a pin bar was formed at resistance that signals a strong sell On the second. An engulfing candle was formed before the drop. But, Tdi and 5 ema will indicate these reversals too. Also, Candle stick patterns work only like 55% of the time. Thats why I take my trades based on momentum, TDI, 5 ema and Stochs
And that is if you know all of the about 40 candlestick patterns to apply. If you take only the "top 10", the results are even worse.
To free Gazans of Hamas, use whatever it takes.
  • #108,271
  • Edited 1:43pm Sep 10, 2020 1:32pm | Edited 1:43pm
TRADE FOR ToDAY

Also before y'all take a look. The dotted Ema is a 20 ema. I use h4 to know my trading bias. Switching between TF can be confusing sometimes, if i write it down, Bias can change anytime. So 4 hoursx5ema=20ema. So i can se h4 5ema bias from my h1 timeframe. This trick might also be useful for some traders!!!

Only 1 loss from AUDUSD. All entries taken from TDI+Stochs
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  • #108,272
  • Sep 10, 2020 1:43pm Sep 10, 2020 1:43pm
Quoting Nat.Fx
TRADE FOR ToDAY Also before i y'all take a look. The dotted Ema is a 20 ema. I use h4 to know my trading bias. Switching between TF can be confusing sometimes, if i write it down. Bias can change anytime. So 4 hoursx5ema=20ema. So i can se h4 5ema bias from my h1 timeframe. This trick might also be useful for some traders!!! Only 1 loss from AUDUSD all entries taken from TDI+Stochs {image} {image} {image} {image}
FINALLY! Someone actually knows the logic for using indicators on a chart for multi-timeframe analysis!
To free Gazans of Hamas, use whatever it takes.
  • #108,273
  • Sep 10, 2020 1:59pm Sep 10, 2020 1:59pm
Made this today cos i was doing some TDI backtests on GBPUSD and 2 days in a row on July TDI ate shit, Massive sHiT. But from then till the rest of the month. Smooth cruise.


TRUST THE TDI(+stochs)
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  • #108,274
  • Sep 10, 2020 4:40pm Sep 10, 2020 4:40pm
Quoting Tekkies
{quote} Which of those (count 10 indicator's) is the "boss" indicator. (The one that has the final say.) In this thread it is TDI indicator.
@Tekkies

Good that you have questions.
There is no single "boss" indicator in Trading Made Simple 5-Method. Do not mix up other rules and other methods from other threads. Post#5, this thread is only for the OP' 5-Method.

The OP Big E made this post#160 for you. And also many other posts which you need to read, study and learn.
Most important is - The final say is by the trader and not rely on any lagging and repainting indicator. The Op Big always has his final say whether to take a trade or not and because he has written rules. He was a rule-based discretionary type of trader. And according to studies by Dr Van Tharp, rule-based discretionary are the best traders. {here}

#160

Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too.

Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...

stay tuned for more!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,275
  • Sep 10, 2020 5:09pm Sep 10, 2020 5:09pm
Quoting Tekkies
{quote} Dave! What Price Action / Candle pattern would indicate a sell on both chart's? {image}
@Tekkies

One chart timeframe at a time.

Lets start with your H1 EURUSD demo trade chart.

Below I added my comments for people here to observe how I look at price action and how I use the Stoch and the TDI RSI green and red lines.

Did you read the OP' old thread and watched all the tutorial videos in Post#4, #13 to #20?
Those videos will provide you the basic foundation knowledge of Big in his system development of his 5-Method and his 21/233 Method.
The TDI was his 'helping indicator'. {#202}
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,276
  • Sep 10, 2020 5:20pm Sep 10, 2020 5:20pm
Quoting emmanuel7788
{quote} Trade Report Sep 09 Day-trading M15 only - yesterday was a good trading day ... compared to Monday and Tuesday. - traded 7 pairs during Tokyo and London sessions - made 116% of my daily money goal {image} today, at this moment is a bit slow.
Trade Report Sep 10

- at that moment it was slow until that ECB rate announcement plus Brexit talks

- anyway I closed my day trades before NY went into full swing

- quite pleased with myself for maintaining focus on trading and not affected by the noise around me.

- achieved 126% of my daily money goal...CashFlow .

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Sep 10 NY closed trade 10-9-2020 8-39-09 pm.png Size: 22 KB

Today I focus on managing other 4H and Daily swing trade positions.

Trade Well Folks, and Stay Safe!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,277
  • Sep 10, 2020 5:27pm Sep 10, 2020 5:27pm
Quoting emmanuel7788
{quote} @Tekkies One chart timeframe at a time. Lets start with your H1 EURUSD demo trade chart. Below I added my comments for people here to observe how I look at price action and how I use the Stoch and the TDI RSI green and red lines. Did you read the OP' old thread and watched all the tutorial videos in Post#4, #13 to #20?...
Very True. But to be honest. Its simpler to just look at:
1. Tdi cross
2. Stoch pointing down
3. Price breaks 5ema dyn. Support

Ez.

I personally didn't take this trade cos it was against my bias for EURUSD. Who knows what might happen?
  • #108,278
  • Sep 10, 2020 5:29pm Sep 10, 2020 5:29pm
Quoting emmanuel7788
{quote} There is nothing overdue in the market place. Its all your own imagination and voices in your head talking to you again. The OP did not say anything about H4 being overdue. Read the thread and you will learn how the OP traded H4 - 10PM PDT, 2AM PDT and close his trades at 6AM PDT ... that is Trading Made Simple. If you think W1 making a down move, do you have the TDI green cross red to confirm a trade setup? Study these posts and learn from his trades. Weekly trade examples #700 https://www.forexfactory.com/showthr...00#post4582200...
Attached Image (click to enlarge)
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GBPUSD Weekly

- those long term traders must be happy with the drop.

- more room down ... after the aqua zone got filled.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,279
  • Sep 10, 2020 5:35pm Sep 10, 2020 5:35pm
Quoting Nat.Fx
{quote} Very True. But to be honest. Its simpler to just look at: 1. Tdi cross 2. Stoch pointing down 3. Price breaks 5ema dyn. Support Ez. I personally didn't take this trade cos it was against my bias for EURUSD. Who knows what might happen?
Of course, it looks simpler when backtesting and studying old charts,

until you start trading in realtime live market condition with real money

And the OP Big E can trade without TDI and Stoch.

read these:
#3044
#3103
#3418
#2617

But you need to know a lot about trading the market to be able to trade without the TDI.

It is a long trading journey for many here.

Now make the transition to trading the H4 and Daily. {#281}

Trade the H4 10PM , 2AM and 6AM ... follow the OP's Post#1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #108,280
  • Sep 10, 2020 5:52pm Sep 10, 2020 5:52pm
Quoting Nat.Fx
{quote}... Candle stick patterns work only like 55% of the time. Thats why I take my trades based on momentum, TDI, 5 ema and Stochs
Candle stick patterns work only like 55% of the time.

How did you arrive that candlestick patterns work only 55% of the time.

According to Thomas Bulkowski the % is quite different.

And according to Steve Nison, his % are also different.

I know from my own trading experience the Engulfing and Outside bars/candlesticks has a much higher percentage of winners.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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