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Trading Made Simple

  • #111,061
  • Nov 13, 2020 10:43pm Nov 13, 2020 10:43pm
Quoting hasib
{quote}I am not that genius.
Because you fail on lower timeframe, you not a genius?
(That is a load of bullshit, Hasib)

Common man, ask your yourself why do you fail at trading lower time frames and fix the problem.
Why?
The mistakes you make on lower time frames, you are going to repeat on higher time frames.
You see the mistakes faster on a lower time frame then on a high time frame.

That is why you think you can not trade lower time frames, you just don't see them that fast on H4, D1 W1, MN
  • #111,062
  • Edited 1:02am Nov 14, 2020 12:28am | Edited 1:02am
Quoting hasib
{quote} Hi Em why people lose their balance, After having a good trading system. How to avoid losing balance. I have found one reason that is for me personally. I have to stop trading below the H4 chart. I will not look at any chart that is below H4. I Lose more when I trade a small timeframe. Intraday trading is not for me it's for genius people. I am not that genius.
@hasib -- it's okay to not be a genius. Few are. The closet-dweller's advice is misleading.

Consider H4 versus M15. How many M15 bars are there per H4 bar? If you do the math you should come up with 16. According to BigE swings average 3-8 bars. That means within one H4 bar there are 2 or more price swings. The biggest enemy of trend traders are "head fakes" or "false positives". So -- if you are trading M15 and your strategy is overly responsive, then it will go for the head fakes. Since H4 doesn't see the head fakes then that same strategy may work better on H4. On the other hand, if your strategy is overly unresponsive, then trading H4 could lead to big drawdowns (DD).

It's probably a good thing to take a peak at what is happening at different time frames. However, it's the responsiveness of your trading strategy that determines how successful you will be at different time frames. For every strategy there is a "sweet spot" -- not overly responsive and not too slow to respond. BigE strongly and repeatedly suggested trading H4 for the TMS methodology -- it was more than a hint. If you're comfortable trading H4 then you are where you should be -- ignore the rah, rah from the closet-dweller who misadvises you to trade outside your comfort zone. As an FYI -- the best algorithmic software I've written over the years always does best on H4. So -- you are not alone not being a genius -- there are at least two of us. The only self-proclaimed genius I'm aware of here at FF is the closet-dweller -- and doesn't that bring a chuckle...

"You see the mistakes faster on a lower time frame then on a high time frame."
Now -- that is the biggest bunch of crapola I've read since -- well -- since the last time the closet-dweller posted. If I showed the closet-dweller 6 charts from 6 different time frames and removed the label in the upper-left corner and timestamps along the x-axis, do you think the closet-dweller could tell which time frame the chart belonged to? Of course not -- all sequences of OHLC bars look the same. It has nothing to do with how YOU see the bars. Rather, it has everything to do with how your indicator's algorithm sees the bars. Again -- BigE recommended H4 -- which means he felt the TMS algorithm was best suited for H4.

EDIT: For the sake of completeness -- the TDI indicator is based on RSI, which is based on a moving average. Every moving average has a "period" setting -- which is how many bars to average. It is that period setting that affects how responsive (or unresponsive) an indicator is to a chart's bar data. I know the closet-dweller will argue against that -- but he / she would be arguing against algebra.
  • #111,063
  • Nov 14, 2020 2:22am Nov 14, 2020 2:22am
Quoting Tekkies
{quote} Because you fail on lower timeframe, you not a genius? (That is a load of bullshit, Hasib) Common man, ask your yourself why do you fail at trading lower time frames and fix the problem. Why? The mistakes you make on lower time frames, you are going to repeat on higher time frames. You see the mistakes faster on a lower time frame then on a high time frame. That is why you think you can not trade lower time frames, you just don't see them that fast on H4, D1 W1, MN
you just don't see them that fast on H4, D1 W1, MN

Good point! For example, if your system requires a swing bar as a signal, look at the same instrument on M15 and H4 and mark every swing bar during the same 48 hour period. You will definitely have more on M15 than on H4. So, you will have more data from the M15 TF than from the H4 TF from which to make an analysis of your your system (or some aspect of the system). Hence, you will be able to come to a logical conclusion sooner on the smaller TF than on the larger TF.

This is due to the fractal-like nature of the data when examined on various TFs.

If you make a detailed analysis of your system on lower and higher TFs and find one TF gives significantly better results than the other TF, then you most likely have not scaled many of the factors to give equivalence from one TF to another.
To free Gazans of Hamas, use whatever it takes.
  • #111,064
  • Nov 14, 2020 2:40am Nov 14, 2020 2:40am
Quoting hasib
{quote} Hi Em why people lose their balance, After having a good trading system. How to avoid losing balance. I have found one reason that is for me personally. I have to stop trading below the H4 chart. I will not look at any chart that is below H4. I Lose more when I trade a small timeframe. Intraday trading is not for me it's for genius people. I am not that genius.
If you reach a good understanding of the material that BigE presented, you will be able to go by these words of guidance from him about time frames to trade. If you read ALL of his posts, you will discover that he traded many time frames. It just so happened that HE preferred for HIMSELF the H4 for various reasons, one of which was related to the time zone in which he lived.

Use any time frame
post #1 April, 2011
I wanted a method that was simple, worked on all timeframes, simple rules, few indicators....

post #137 April, 2011
Entries... Doesn't matter the time frames... the set ups are all the same... This is so simple to spot most can trade this easy system and make lots of pips...

#4470 June 1, 2011
Mannal....
Trade any time frame buddy. I just prefer 4hr for myself...
To free Gazans of Hamas, use whatever it takes.
  • #111,065
  • Nov 14, 2020 3:57am Nov 14, 2020 3:57am
Quoting DrDave
{quote} ...So, you will have more data from the M15 TF than from the H4 TF from which to make an analysis of your your system (or some aspect of the system). Hence, you will be able to come to a logical conclusion sooner on the smaller TF than on the larger TF. ...
Though I disagree with your conclusion -- I still gave your post a "like". The additional swings you see in M15 may or may not align with the direction H4 is going. So, you'd be fooling yourself if you think M15 routinely allows you to come to a conclusion sooner -- it could just as well be a "head fake". Though @hasib may not be a genius, his experience is similar to many others. That's not to say one can't or shouldn't trade lower time frames -- just that you have to adjust your strategy accordingly. One shoe does not fit all -- a strategy that works on H4 will most likely require some fiddling to also work on M15, especially in the realm of money management.
  • #111,066
  • Nov 14, 2020 5:49am Nov 14, 2020 5:49am
Thanks for your nice advice. I really love your perspective.
I want to share my perspective.

I have calculated very nicely I will take a certain % risk in a day and I will trade us session and London session. I will open a certain number of trades. Day in Day out. I tell myself, I could make 1% a day it can make 20% a month. I don't need 20% a month I will lose 10 of the day, I lose 0.5% a day and I lose 10 days and I win 1% in 10 days I will still be profitable end of the month.
I make a profit and nicely. I have to constantly switch time frame to time frame what is happening in the market. Because I look for momentum, In the various markets. some of the momentum trade pay me well but some time market dries after a good momentum. If I close the trade with little lose momentum comes and hit my tp but I close it in a loss. If I don't close the trade another momentum comes and hits my sl. Trading is hard. I nicely recover the loss in the day most of the time. In the hit of the constant pressure, I break my rules and I try to take revenge trade where there is no signal in my system. In the hit of the constant pressure break all my rules like lot size and other things.
Sometimes the market move in such a way that I think no system will perform well. I have to say most of the system we use is trend-based and momentum-based. I never found a good mean reversion strategy anywhere so far. So my system is like other people system it fails in trendless momentum less market.
I don't think the system is a problem, I think how we filter out a system's bad trade and get good profit is matter. I have tested some systems I found this work very well in a certain market and It fails in certain market conditions.
I think If I could take more time to trade entry decisions I could avoid some of my self-generated problems.
MA provides the market's current direction and strength.
  • #111,067
  • Nov 14, 2020 6:14am Nov 14, 2020 6:14am
Quoting DrDave
{quote} you just don't see them that fast on H4, D1 W1, MN Good point! For example, if your system requires a swing bar as a signal, look at the same instrument on M15 and H4 and mark every swing bar during the same 48 hour period. You will definitely have more on M15 than on H4. So, you will have more data from the M15 TF than from the H4 TF from which to make an analysis of your your system (or some aspect of the system). Hence, you will be able to come to a logical conclusion sooner on the smaller TF than on the larger TF. This is due to the...
Dave, that is not the point of my post.
Hasib, posted he is not genius because he fail on lower time frames. There are many traders that excell on lower time frames.
(There are trends here in FF that use lower time frames, here is one: Williams%R, SAR X-over 15 minute candles )
Am sure, did Hasib use that method, he would / can consider himself a genius. Because that is how he see himself.
Even BigE acknowledge he is not good at lower time frames and other members are:
Post#669..... I'm not good on the lower time frames... and Since some of you are good on the 15min...
Does it mean BigE is not genius and lower time frame users are genius , I don't think so.
------
As to how fast a mistake is showing:
> M15 got 16 bars in four hours > One week that is 480 bars
> H4 has one bar to show every four hours > One week that is 30 bars
-- For sure 30 H4 bar is not enough to reveal any mistake.

The mistakes Hasib did on (say M15) is revealed faster over 480 bars then what H4 could master over 30 bars.
- Even a month is to short for H4 to reveal repetitive mistakes.

Remove all time information form a chart and any sense of time from the trade. All that the trader see is bar's going up and down.
> The mistakes the trader made on one chart will be made on every other chart he is trading.
> All charts show the same information, that information is interpret the same way every time the trader see the same pattern / signal / formation on any of those chart's.
Basically Dave, the trader is not trading the bar's, he is trading his understand in how he see those bars.
Time frames are irrelevant, as long as the trader's understanding is flawed, those flaws will be projected on all timeframes.

Hasib, needs to find the mistakes he made on M15, correct them, to be able to trade his time frame of choice successfully.
  • #111,068
  • Nov 14, 2020 6:23am Nov 14, 2020 6:23am
Quoting hasib
Thanks for your nice advice. I really love your perspective. I want to share my perspective. I have calculated very nicely I will take a certain % risk in a day and I will trade us session and London session. I will open a certain number of trades. Day in Day out. I tell myself, I could make 1% a day it can make 20% a month. I don't need 20% a month I will lose 10 of the day, I lose 0.5% a day and I lose 10 days and I win 1% in 10 days I will still be profitable end of the month. I make a profit and nicely. I have to constantly switch time frame...
Unfortunately, you have no basis for determining if your system is profitable or not, because you stated clearly that you do not follow it!
In the hit [sic, "heat"] of the constant pressure, I break my rules and I try to take revenge trade where there is no signal in my system. In the hit [sic, "heat"] of the constant pressure break all my rules like lot size and other things.


And you already recognize this problem and have identified some action to take to try to correct it.
I think If I could take more time to trade entry decisions I could avoid some of my self-generated problems

From what I have seen, people attempt to trade a system for some period of time and even if it begins with winning trades and profits, it is not long before the losing trades over take the winning trades, and the losses mount until the trader gives up, concluding that either the system is worthless, they are really unlucky, or that they just can't trade. Most blame the system so switch to another system with the outcome repeated.

A careful study of what these traders REALLY do reveals that in most cases, the traders fail to follow the rules of the system, making it impossible to conclude anything about the system, about luck, or about anything else except that the trader has failed to adhere to the system.
To free Gazans of Hamas, use whatever it takes.
  • #111,069
  • Nov 14, 2020 6:33am Nov 14, 2020 6:33am
Quoting hasib
Thanks for your nice advice. I really love your perspective. I want to share my perspective. I have calculated very nicely I will take a certain % risk in a day and I will trade us session and London session. I will open a certain number of trades. Day in Day out. I tell myself, I could make 1% a day it can make 20% a month. I don't need 20% a month I will lose 10 of the day, I lose 0.5% a day and I lose 10 days and I win 1% in 10 days I will still be profitable end of the month. I make a profit and nicely. I have to constantly switch time frame...
Hasib what are you thinking?
Don't aim for anything, you trade forex with the rules of your method.
When those rules are not met, you don't trade. That is it.

You can make soms as much as you want, the market does not agree with you they mean nothing.
"Every plan is perfect until the first trade is placed"

Setting yourself a target to reach you are putting yourself under pressure.
From your previous posts, you set a target of 10% and got your butt handed to you on a silver plate.
Now you want to open a certain numbers of trades to reach 1%, hoping to reach 20% at month end.
How long are you going to persist thinking like that?

First master the method you use. You have mastered them, the sky is the limit and you won't have to hassle with I need to do this or that to achieve this.
  • #111,070
  • Nov 14, 2020 6:49am Nov 14, 2020 6:49am
Quoting Tekkies
{quote} Dave, that is not the point of my post. Hasib, posted he is not genius because he fail on lower time frames. There are many traders that excell on lower time frames. (There are trends here in FF that use lower time frames, here is one: Williams%R, SAR X-over 15 minute candles ) Am sure, did Hasib use that method, he would / can consider himself a genius. Because that is how he see himself. Even BigE acknowledge he is not good at lower time frames...
Basically Dave, the trader is not trading the bar's, he is trading his understand in how he see those bars.
Time frames are irrelevant, as long as the trader's understanding is flawed, those flaws will be projected on all timeframes.

And if the "trader's understanding" can be reduced to an algorithm that is faithfully followed for enough trades to make some statistically valid analyses, then it becomes trading the bars. And as you mentioned, the outcome is not in any way dependent on the time frame but solely on the bars. That is why I mentioned that over the same time period, a greater number of swing bars will occur on M15 than on H4, resulting in having sufficient data for analysis collected sooner on M15 than on H4. But, this algorithm of the "trader's understanding" requires no adjustment due to time frame, because it is ONLY the bar data that the algorithm is using for input. If the specific algorithm uses as input bar data from the single TF to which it is applied and looks for lower lows to confirm a continuing down trend and looks for 2 consecutive higher lows as a trigger that the trend is no longer valid so take some specified action, then it is clear that a simple switch to another TF is irrelevant to the algorithm; it still performs exactly the same way.

If said algorithm is running on a D1 chart and on an H1 chart and at the end of the day there was an entry made on D1 and no signal came that the trend was no longer valid, then there is 1 trade open and in profit. But on the H1 during this same period of 1 day, there will definitely be more than 1 trade entered, and highly likely that several trades entered and closed. It is irrelevant that several trades were entered and at least some closed on H1 during the time that a single trade was opened and still running on D1.
To free Gazans of Hamas, use whatever it takes.
  • #111,071
  • Edited 8:16am Nov 14, 2020 7:15am | Edited 8:16am
Look at the chart where the green boxes indicate profit and the red box indicates a loss. how many losses you can see.
For those who are interested, I superimpose the Williams%R, SAR X-over 15 minute candles system in RH or you may call it TMS system.
In the chart here is TDI Cross information but TDI is not present and the Green and Red indicator are basically stochastic oscillators.
we got all the saim signals in our TMS too. Here we got 6 loss trade and 3 wins trade.
MA provides the market's current direction and strength.
  • #111,072
  • Edited 11:46am Nov 14, 2020 7:15am | Edited 11:46am
Quoting Tekkies
{quote} ... As to how fast a mistake is showing: > M15 got 16 bars in four hours > One week that is 480 bars > H4 has one bar to show every four hours > One week that is 30 bars -- For sure 30 H4 bar is not enough to reveal any mistake...
Following that logic then we should all be trading M1 -- hurrah, more bars!! Actually, we should be trading ticks -- even more data. Or, maybe we should all be trading W1 because it has more bars than MN? @ClosetDweller -- more bars does not reveal a "mistake" sooner. @ClosetDweller -- you are in no way qualified to give trading advice. After 5 years posting at FF your simpleton-minded mis-understanding of MT4, data streams, time frames, bar data and ticks boggles the imagination. And all these years you've whined about @emmanuel7788 spreading "propaganda". @ClosetDweller -- your > 5300 posts claiming expertise on BigE's TMS methodology has had a greater affect on pollution and man-made global warming than all the coal-burning smoke stacks on the planet...

@ClosetDweller -- you are the one who should be asking questions, and NOT answering them...

OMG -- I can't believe I'm actually typing this... @ClosetDweller -- every time frame has its own swings -- every time frame. The swings in M1 have nothing to do with the swings in H4. The swings in M1 do not reveal to you sooner "mistakes" in H4. OMG -- did I really have to type that? I'm so, so embarrassed...
  • #111,073
  • Nov 14, 2020 7:50am Nov 14, 2020 7:50am
Quoting hasib
Look at the chart where the green boxes indicate profit and the red box indicates a loss. how many losses you can see. For those who are interested, I superimpose the Williams%R, SAR X-over 15 minute candles system in RH or you may call it TMS system. In the chart here is TDI Cross information but TDI is not present and the Green and Red indicator are basically stochastic oscillators. we got all the saim signals in our TMS too. Here we got 6 loss trade and 3 wins trade. {image}
Nice.
This chart has the real TDI and Stoch in two separated subwindows.
- One thing is clearly visible. Red and Green does not show the same trend lines as Stoch.

Hasib rather stay with the indicators that are posted in Post#14, 25, you are only hindering yourself by mixing indicators.
3 losing / 10 winning trades.
Attached Image (click to enlarge)
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  • #111,074
  • Edited 8:13am Nov 14, 2020 8:00am | Edited 8:13am
Quoting Tekkies
{quote} Nice. This chart has the real TDI and Stoch in two separated subwindows. - One thing is clearly visible. Red and Green does not show the same trend lines as Stoch. Hasib rather stay with the indicators that are posted in Post#14, 25, you are only hindering yourself by mixing indicators. 3 losing / 10 winning trades. {image}
10 winning trade that is nice. Honestly speaking I don't understand your horizontal and vertical lines, where is your entry and where is your exit, and are you open trade before candle close.

I can see 10 losing trade after observing the chart. Maybe I am thinking wrong.
As far as I know, BigE preferred candle close before trade open. Correct me if I am wrong.
MA provides the market's current direction and strength.
  • #111,075
  • Nov 14, 2020 8:35am Nov 14, 2020 8:35am
Quoting Tekkies
{quote} Hasib what are you thinking? Don't aim for anything, you trade forex with the rules of your method. When those rules are not met, you don't trade. That is it. You can make soms as much as you want, the market does not agree with you they mean nothing. "Every plan is perfect until the first trade is placed" Setting yourself a target to reach you are putting yourself under pressure. From your previous posts, you set a target of 10% and got your butt handed to you on a silver plate. Now you want to open a certain numbers of trades to reach...
The reason why he is setting such goals is because he got suckered into thinking he can be a professional trader and is trying to pass the FTMO challenge, when he knows next to nothing. You can see his TE..
I will tear the world apart for you.
  • #111,076
  • Nov 14, 2020 8:40am Nov 14, 2020 8:40am
Quoting hasib
Look at the chart where the green boxes indicate profit and the red box indicates a loss. how many losses you can see. For those who are interested, I superimpose the Williams%R, SAR X-over 15 minute candles system in RH or you may call it TMS system. In the chart here is TDI Cross information but TDI is not present and the Green and Red indicator are basically stochastic oscillators. we got all the saim signals in our TMS too. Here we got 6 loss trade and 3 wins trade.
Attached Image (click to enlarge)
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It appears to me that you are once again looking at a single TF in isolation.

You did not list your criteria. Mine includes evaluating the TDI red and yellow lines.

You have stated previously that you are a trend follower.

At approximately the left edge of your image, H4 (and H8) are already in a down swing. With that context, what evidence do you have that lower TFs, such as your M15, have reversed and that buy setups should even be considered? In fact, when I scroll my M15 chart to see further left, I have CONFIRMATION that I should look only for sell setups. Therefore, I eliminate from consideration all the buys that you marked.

Unfortunately, you did not include TDI, but you have the smTMMSOsc so I can find your buy trades to eliminate. This leaves 5 sell trades.

I needed to filter only by
Higher TFs sell bias
TDI crossing
H1 direction
Nearby S/R

Left-to-right sell trades numbered 1-5.
#1. A loser for you. I would pass: H1 had crossed up 2 or 3 bars before that!
#2. Good trade.
#3. Good trade.
#4. Good trade.
#5. A loser for you. I would pass: H1 had crossed up about 4 bars before that!

Your results for 5 sells: 3:2 win:lose
My results for 3 sells: 3:0 win:lose
To free Gazans of Hamas, use whatever it takes.
  • #111,077
  • Edited 9:07am Nov 14, 2020 8:54am | Edited 9:07am
Quoting DrDave
{quote} ... I needed to filter only by Higher TFs sell bias TDI crossing H1 direction ...
Hmmmmm -- higher TF bias??? But, wait, @ClosetDweller insists that more bars at lower TFs are better and would reveal @hasib's "mistakes" sooner. Now I'm really confused -- and I bet @hasib is, as well. Does @hasib need more bars at lower TFs to reveal his "mistakes" sooner, or fewer bars at higher TFs to reveal TF bias? @DrDick and @ClosetDweller -- please get your story straight before posting...

Don't you guys get that everything is a trade-off? Yes -- lower time frames have more bars and more swings. But those swings may be "head fakes" that are invisible to the higher time. You won't know in real-time whether they are head-fakes, or not -- only in hindsight. @ClosetDweller only shows charts with markings in hindsight because, in hindsight, he / she feels like a genius. Right @ClosetDweller?
  • #111,078
  • Nov 14, 2020 9:28am Nov 14, 2020 9:28am
Quoting hasib
{quote} 10 winning trade that is nice. Honestly speaking I don't understand your horizontal and vertical lines, where is your entry and where is your exit, and are you open trade before candle close. I can see 10 losing trade after observing the chart. Maybe I am thinking wrong. As far as I know, BigE preferred candle close before trade open. Correct me if I am wrong.

Hey hasib

the spot forex market is closed now.

when the market is open again on Monday, I'll show you live trades in real-time.

all the crap Tekkies posted with blue and yellow lines on last week' price is rubbish. you don't make real money paper trading on history charts.

chill now its weekend,

enjoy Boney M

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,079
  • Nov 14, 2020 9:47am Nov 14, 2020 9:47am
Quoting robots4me
{quote} Following that logic then we should all be trading M1 -- hurrah, more bars!! Actually, we should be trading ticks -- even more data. Or, maybe we should all be trading W1 because it has more bars than MN? @ClosetDweller -- more bars does not reveal a "mistake" sooner. @ClosetDweller -- you are in no way qualified to give trading advice. After 5 years posting at FF your overly simplified mis-understanding of MT4, data streams, time frames, bar data and ticks boggles the imagination. And all these years you've whined about @emmanuel7788 spreading...

seriously @ClosetDweller should not be teaching others to trade.

just look at his trade here :
https://www.forexfactory.com/thread/...2#post13257172

https://www.forexfactory.com/thread/...8#post13258678
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,080
  • Nov 14, 2020 9:50am Nov 14, 2020 9:50am
Quoting DrDave
{quote} It appears to me that you are once again looking at a single TF in isolation. You did not list your criteria. Mine includes evaluating the TDI red and yellow lines. You have stated previously that you are a trend follower. At approximately the left edge of your image, H4 (and H8) are already in a down swing. With that context, what evidence do you have that lower TFs, such as your M15, have reversed and that buy setups should even be considered? In fact, when I scroll my M15 chart to see further left, I have CONFIRMATION that I should look...
Excellent, very nice explanations Dave. I agree with you. MTF can reduce losing trade it is true but MTF brings some new confusion too. we are in an h4 down momentum it is shown in SMtmms and TDI look at h4 chart. So we look for sales only.
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Now we have to look H1 chart. Nice H1 also in down momentum show in SMTMMS and TDI. I mark 2 points when TDI momentum change in the H1 chart.
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Now, look at the M15 Chart in this nice downtrend we look for sell. As you said we could reduce losing trade. But wen our higher TF H1 change TDI momentum. we will try to open buy According to our higher time frame H1. Although our big boss H4 is still in a downtrend. we don't know in the real market whether H1 will change the H4 chart or not. many times H1 do change the H4 chart. Here it did not happen. If we consider the H1 chart TDI momentum we Will have 3 more losings buy trade that I marked with the Yellow line in M15. M15 also agrees with the buying momentum and H1 also agrees with the buying momentum. since it is with the confirmations we will easily take those losing trade too. what is your thought about this.
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Please note that Our example trade is nice downtrend H4 chart trade. If anyone opens a trade-in H4 chart he could have made nice money in one trade.
The market does not always have this kind of nice momentum trade. some times the market move Differently in Different time frame. That will increase confusion and we trade open trade on both sides and we lose money in both ways. if we could hold one side buyers with one chart we could reduce some over trading too.
MA provides the market's current direction and strength.
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