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Trading Made Simple

  • #110,601
  • Nov 5, 2020 7:57pm Nov 5, 2020 7:57pm
Quoting Tekkies
{quote} What is wrong with 5EMA +3? You know the one that BigE has on his chart's.
Why ask a negative question with 'wrong with'?

Know the facts:
--------------------------------------------------------------------------

Post #261
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...

The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...

--------------------------------------------------------------------------

5EMA Typical Price, Shit+3 (+2) is to show the direction of the PA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,602
  • Nov 5, 2020 8:09pm Nov 5, 2020 8:09pm
Quoting hasib
{quote} Hi tekkies I use 5 ema +2. Just to avoid slow market where lot of sl hit I am searching a filter.

What did Big E removed when he implemented the 5EMA Typical Price, Shift+2 (late changed to +3)?

He removed several things from Craig Harris and Dean Malone method/systems he wanted an "simple method".... less is more.
Some say he "re-engineered other methods/systems".
But Big E said he blended different methods/systems to create new ones. The core of his trading was based on price MOMENTUM for entries and exit when price loses its MOMENTUM.

Since Trading Made Simple 5-Method uses the RSI data, we can consider further study into the RSI when we want to do our own trading systems development.

When I did my own system development many years ago, one of several books I research is this:

RSI: The Complete Guide by John Hayden click to [download]

Trend Determination using the RSI (TDI)click to [download]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,603
  • Nov 5, 2020 8:21pm Nov 5, 2020 8:21pm
NZDCAD Nov 06 Daily

- do your own evaluation and decide


-

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD Nov 06 rally 6-11-2020 10-18-24 am.png Size: 55 KB


what is the current Market Type - Trending or Sideways?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,604
  • Nov 5, 2020 8:52pm Nov 5, 2020 8:52pm
Another 50 pip from EURAUD H1 yesterday London session.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H1.png Size: 34 KB
Helanka
  • #110,605
  • Nov 5, 2020 9:23pm Nov 5, 2020 9:23pm
Quoting Helanka
Another 50 pip from EURAUD H1 yesterday London session. {image}

+50pips is
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,606
  • Nov 5, 2020 9:26pm Nov 5, 2020 9:26pm
Quoting emmanuel7788
EURUSD Nov 06 Tokyo session chartist trading skills - chart pattern double tops with divergence - sell when break PPA support - target 1.1750ish ... CONFLUENCE of PPA + 200EMA + RN - manage risk % {image}
very little happening this morning ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 06 H1 Tokyo 1217PM 6-11-2020 11-17-19 am.png Size: 60 KB


but I see Trend 2/8 H4 is sideways when I turn-on button for H4 candle

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 06 H1 H4 turned on 6-11-2020 11-25-15 am.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,607
  • Nov 5, 2020 9:38pm Nov 5, 2020 9:38pm
Quoting emmanuel7788
{quote} +50pips is
Yes,It is +50

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H1.png Size: 122 KB
Helanka
  • #110,608
  • Nov 5, 2020 9:46pm Nov 5, 2020 9:46pm
Quoting Helanka
{quote} Yes,It is +50 {image}

yesterday I did not trade EA H1 during the FO/LO candles because I saw both AU and EU breakout of their H4 Master Candle CONSOLIDATION so I buy AU and EU instead.
Mentally for me it is very difficult to be trading EA when AU and EU shows breakout. That's me!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,609
  • Nov 5, 2020 11:47pm Nov 5, 2020 11:47pm
Quoting hasib
Look at this picture how may tdi cross bigE did not mark as a horizontal line. Answer will be around 5. Why he did not add line do you know that? {image}
Simple:
Look at the price action.
There is no reversal candle according to Post #261 at that time although the Stoc shows %K cross %D.
There is a big candle high-low seen to the left and the swing high is in doubt.


Attached Image (click to enlarge)
Click to Enlarge Name: Big E #2 chart.png Size: 126 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,610
  • Nov 5, 2020 11:52pm Nov 5, 2020 11:52pm
-----------------------------------------------------------------------------------------------------
quote=Tekkies;13248386]{quote} TDI has already such a filter, Hasib. - Do not trade when angle is between 2/4. - TDI goes flat, check mark or hook over close trade. Study old chart's with TDI on them. Check the above point's and see if it fits the type of filter you are seeking. {quote} Those TDI crossover's not marked is where: - TDI angle was/is between 2/4. - TDI crossover on the wrong side of 5EMA (not sure about this one.) - Stoch did not confirm direction. Please check chart again to confirm above point's.[/quote]


#1 look at the price action when you are looking for trade

#2 then look for reversals according to Post#261

#3 if there is a reversal, do you have a TDI signal to enter trade.

-----------------------------------------------------------------------------------------------------
Post #261

The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...

-----------------------------------------------------------------------------------------------------
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,611
  • Nov 5, 2020 11:57pm Nov 5, 2020 11:57pm
Quoting hasib
Look at this picture how may tdi cross bigE did not mark as a horizontal line. Answer will be around 5. Why he did not add line do you know that? {image}

if you look at that chart post #2 and test what you understand post #2617

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?

cover the the TDI and Stoch, practice reading the price action ...

without the distractions and you will see there are price action decisions for Big E, taking clean trades would be a breeze.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post#2 training chart not TDI.png Size: 125 KB



you can trade without the TDI

#3044 Jan 20, 2011

#3103 Jan 26, 2011

#3418 Feb 12, 2011

#2617 May 16, 2011

#296 Nov 4, 2008

he also shared these
#681
using an RSI (13) with a 50% line

#504
use a RSI(3)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,612
  • Nov 6, 2020 12:03am Nov 6, 2020 12:03am
Quoting emmanuel7788
{quote} very little happening this morning ... {image} but I see Trend 2/8 H4 is sideways when I turn-on button for H4 candle {image}

EURUSD Nov 06 H1

- we have a Bearish Engulfing Outside Bar alert
- price action , we have a swing high tested the trendline
- MOMENTUM not favourable
- Frankfurt Open still one hour away..

you know the risk

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 06 H1 BEOB 6-11-2020 2-00-08 pm.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,613
  • Nov 6, 2020 1:10am Nov 6, 2020 1:10am
Quoting neel1122
hello everyone , i am Neel , from Canada saying hi to all member and experts, hope all are well, I am new to forex trading but since last 2 month I learn a lot from the great people of this great forum, thank you all of you . as like everyone I fell in love of this simple TDI indicator, as a new to forex community i tried many indicator before but TDI is amazing i make decent profit with baby steps too, today i am not sure what mistake i made in entry on TDI obviously i couldn't judge something at present i am in negative but not big deal ,i am...
Hi Neel.
First, clean up the charts, they are a mess. Try to get your chart layout the same as BigE's chart's.
As to your entries, please read TDI cross.pdf.
  • #110,614
  • Nov 6, 2020 2:05am Nov 6, 2020 2:05am
Quoting emmanuel7788
{quote} EURUSD Nov 06 H1 - we have a Bearish Engulfing Outside Bar alert - price action , we have a swing high tested the trendline - MOMENTUM not favourable - Frankfurt Open still one hour away.. you know the risk {image}

EURUSD Nov 06 H1 London Open

- price action .. simple and obvious
- buy setup

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 06 LO buy 6-11-2020 4-03-08 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,615
  • Nov 6, 2020 2:19am Nov 6, 2020 2:19am
Quoting havenoidea
Long eurusd, this time i got 5sma shift 2 like BigE got. somehow i got myself jump in late again {image}
closed for gaining few pips.
Attached Image (click to enlarge)
Click to Enlarge Name: vvv.png Size: 46 KB
  • #110,616
  • Nov 6, 2020 3:00am Nov 6, 2020 3:00am
Quoting emmanuel7788
{quote} EURUSD Nov 06 H1 London Open - price action .. simple and obvious - buy setup {image}
According to me it will make a double top and come again at least Fib 38.2.will see....

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 40 KB
Helanka
  • #110,617
  • Nov 6, 2020 3:46am Nov 6, 2020 3:46am
Quoting Helanka
{quote} According to me it will make a double top and come again at least Fib 38.2.will see.... {image}
Am in agreement with you Helanka. EU is up against a major resistant zone.
  • #110,618
  • Nov 6, 2020 3:59am Nov 6, 2020 3:59am
Quoting Helanka
{quote} According to me it will make a double top and come again at least Fib 38.2.will see.... {image}
EURUSD Nov 06 LO2

I check my bigger picture

there is PPA and RN 1.1850,

the smart money will setup many novice traders today

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 06 PPA pipware 6-11-2020 5-55-51 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,619
  • Nov 6, 2020 4:48am Nov 6, 2020 4:48am
Quoting emmanuel7788
{quote} EURUSD Nov 06 LO2 I check my bigger picture there is PPA and RN 1.1850, the smart money will setup many novice traders today {image}
It seems like you use 200 and 20 ema.
MA provides the market's current direction and strength.
  • #110,620
  • Nov 6, 2020 4:53am Nov 6, 2020 4:53am
Quoting hasib
{quote} It seems like you use 200 and 20 ema.
Its 10EMA, 50EMA and 200EMA very useful on M15 , H1 and H4

on Daily and Weekly I only look at 10EMA and 50EMA

The Power of 10EMA

Post#8,528 by FF member named tango-1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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