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Trading Made Simple

  • #115,541
  • Jan 22, 2021 3:02pm Jan 22, 2021 3:02pm
Quoting robots4me
{quote} {quote} {quote} {quote} {quote} {quote} {quote} A-Team -- an FYI. Even though you outnumber me 8-to-1, you should know that IQ isn't cumulative. In other words: LowIQ+LowIQ+LowIQ+LowIQ+LowIQ+LowIQ+LowIQ+LowIQ does NOT equal HighIQ. When you sum a bunch of LowIQs the result is still LowIQ. Just hoping to save you guys some time figuring that one out...
Yes. You are correct.
To free Gazans of Hamas, use whatever it takes.
  • #115,542
  • Jan 22, 2021 5:30pm Jan 22, 2021 5:30pm
Quoting DrDave
{quote} Thanks for the laugh, man!
Quoting Tekkies
{quote} That line is from Post 115,445.
Quoting ryuryu
{quote} And the funniest thing that consistency and discipline = EA, but EAs prohibited in this thread.
Quoting tommydoginti
{quote} it is up to you. It doesnt concern me.
Quoting Wavegarrick
{quote} All I could give you is a dislike. Trolls like you feed on responses. I am too thick-skinned and too far in my journey to worry about you, safe travels. Cheers.
Quoting DrDave
{quote} yes. You are correct
Quoting Tekkies
{quote} Yes, you are correct.
A-Team members -- this old man is feeling the love. Muaaaahhh...
  • #115,543
  • Jan 22, 2021 5:33pm Jan 22, 2021 5:33pm
Quoting Wavegarrick
I digress. Robots4me has lost his way. Time for a reality check I am outta here. Cheers.
Leon -- you're leaving? So soon? Don't worry -- though you're gone you won't be forgotten (or missed)...
  • #115,544
  • Jan 22, 2021 5:52pm Jan 22, 2021 5:52pm
Quoting ryuryu
{quote} But how you determine that candle is small? The same magic all the time. Human can see that candle is small, but robot can't? You can study charts and mark what you think is small, it will depend on context. May be you are talking about that robot can't see the context? The full picture? Yes, this is true. Simple robots can't. {quote} Post 2&6 from BigE.
Hence the emerging trend of Neural and AI programs are a heat topic. TMS is based on a mechanical rule “TDI cross” and slowly evolved into more discretionary strategy. When I practicing writing EAs I observed 2 main issue a simple EA faces in reading the market, 1) Aspect of interest includes noise making it unrecognizable by mechanical rules, 2) rules that are difficult to code (ie market reading, such as trendline break followed by double bottom and trigger a trade scan) and too many definitions to clarify. Discrectionary traders often follows a rigid rule but also apply experience and intuition to evaluate probability.
I agree the performance of a man using intuition vs an EA can be very different, but which is better is unpredictable. So both some algo and discretionary traders are successful
  • #115,545
  • Jan 22, 2021 6:02pm Jan 22, 2021 6:02pm
Quoting MrAnta997
{quote} // (I'd pm you, but couldn't find an option on your profile)
my PM box is full ... I have the option not to receive new messages during when open market hours .

other traders have their telegram groups which I will check-in to help them.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,546
  • Jan 22, 2021 6:11pm Jan 22, 2021 6:11pm
WOW!

more pages and increasing post count ...

this thread will hit the big round number 144,000 before Dec 2021.

When the OP Big E was alive , he love the visitors traffic to his threads but now ...

Attached Image (click to enlarge)
Click to Enlarge Name: TMS post 115546 Jan 22 23-1-2021 8-06-40 am.png Size: 97 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,547
  • Jan 22, 2021 6:16pm Jan 22, 2021 6:16pm
Quoting eelfranz
Is that possible? ...... Read the complete thread BEFORE ASKING QUESTIONS... YOU WON'T BE SORRY ...
Trading Made Simple is this thread title

Is that possible? Yes.

Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies...

I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a lot of good that 19 years of education is doing.

I said this is BS and went on to other systems. I switched to Demo trading for several years while studying old charts. What made them tick? Every method had quite a few rules, indicators...on & on.

I finally got fed up with them all... remembering the thoughts years before of "I can do this". Then why was I getting my butt kicked on a regular basis... so frustrating.

I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking at my simple chart it just shouted out what I needed to do and developed a method that is 70-80%+ wins for me on a regular basis. It took over 2 years to develop this method. I worked hard... late nights and weekends to. I was so hungry for success.

I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step.

I post a lot of training charts to drive it into your brains what to look for and how easy it can be... Just open your eyes, brain and pay attention and you'll be making pips soon...

You'll learn down the road that most of the stuff you have learned in the past is crap. I did. The list of rules in most methods will keep most dizzy... never building confidence... without confidence in your entries and exits you have nothing worth while.

We have a group of great traders who have been trading this method for 6-8 months already who will help you jumping in to answer your questions too.

I am very protectful of all our members. We don't have a stressful thread... no name calling allowed. I'll delete anyone who starts any problems. If you have a problem PM me and don't post it. If your not happy... please move on quietly. I'd do the same for you. You want Stress Free learning... come join us...

Really can't understand something... PM me your phone number and best time to call and I'll clear it up for you looking at an FXDD Demo chart so we are looking at the same chart.

You will need a MT4 platform to use our progam.

The key to this method is the Traders Dynamic Index indicator for entries and exits. I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.

We only use Heiken Ashi candles... that's important.

We want you to be an active member asking questions, posting charts and making observations when possible.

Start trading a Demo account until you build your confidence and only then consider switching to a live account...

Disregard template posted below and see updates... Read the complete thread BEFORE ASKING QUESTIONS... YOU WON'T BE SORRY

See post #25 on page 2 for indicators...

Latest update: PAGE 11, Post # 156... thanks Cliff
Another update by Numb3rs - 4/29 - Pg 48, post 713
UPDATE: See post #25
See post 14 & 15 for TDI & HA (APB) candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,548
  • Jan 22, 2021 6:48pm Jan 22, 2021 6:48pm
Quoting emmanuel7788
WOW! more pages and increasing post count ... this thread will hit the big round number 144,000 before Dec 2021. When the OP Big E was alive , he love the visitors traffic to his threads but now ... {image}
Very cool. And though it pains me to admit it, a good chunk of that increased traffic is compliments of the A-Team and all the drama they've created. In time they will drift away (like @PixelSniper, @Wavegarrick have moved on) and this thread will return to normal. And then even more traders will benefit from the wonderful methodology and approach and encouragement that BigE left behind without the resentment and baggage that @DrDick and @Tekkies have brought to this thread and its rich legacy.
  • #115,549
  • Jan 22, 2021 6:51pm Jan 22, 2021 6:51pm
I see some good naked chart trades in some recent posts. Would you elaborate more on those? Please?

The key to this method is the Traders Dynamic Index indicator for entries and exits.

And of course later he mentioned those indi can be removed. From there it becomes an internal skill, which becomes more important for the poster to elaborate his/her views on making trading decisions. Thanks in advance
  • #115,550
  • Jan 22, 2021 6:51pm Jan 22, 2021 6:51pm
Quoting eelfranz
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... {image}

April 26, 2011

1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle...

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post2 chart.png Size: 115 KB


and what I see as Price Action PA below, ... before and after the TDI green crossing the red,

what do you see?


Attached Image (click to enlarge)
Click to Enlarge Name: Big E post#2 training chart.png Size: 154 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,551
  • Jan 22, 2021 6:58pm Jan 22, 2021 6:58pm
Quoting Divergence
what happened craigs stoc method didnt work?
member named Divergence asked.

He was referring to Big E old thread Craig Harris Stochastics Method. { here }

Big E reply was:

Quoting eelfranz
Divergence, That was just one of many methods we discussed. Folks were getting confused by mixing up rules from different methods so this thread will only be about the 5 method.
Divergence,

That was just one of many methods we discussed. Folks were getting confused by mixing up rules from different methods so this thread will only be about the 5 method.

And some0ne got confused with the words "divergence" and "Divergence" when he/she used google search and jump to conclusion.

What is Trading Made Simple?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,552
  • Jan 22, 2021 8:01pm Jan 22, 2021 8:01pm
Quoting eelfranz
Entries and exits... ...
Entries and exits...

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy.

Important to study TDI entries on old charts, any time frame... Give yourself a chance and trade it like it's layed out...


When you use the TDI in Post#25, this TDI version repaints its history therefore what you see is not what it was in real-time market price action.

There are a few confusion by the OP.

go to his Post #7612.

The TDI is not always used for exits.... you decide on the exits based on the type of trader you are - aggressive or conservative (conserative) .

Attached Image (click to enlarge)
Click to Enlarge Name: Big E 7612 chart.png Size: 149 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,553
  • Jan 22, 2021 8:04pm Jan 22, 2021 8:04pm
Quoting eelfranz
WHEN TO EXIT ----------------- OK there appears to be some confusion here... According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great. However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally. {image}
WHEN TO EXIT -----------------

OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.

However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E 7612 chart.png Size: 149 KB


and the question is when did the OP exit at 6am candle? Post#1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,554
  • Edited 11:20pm Jan 22, 2021 10:50pm | Edited 11:20pm
Quoting emmanuel7788
{quote} According to the rules.
Attached Image (click to enlarge)
Click to Enlarge Name: 096117234821af415d00faf7c0af0976.png Size: 287 KB


I have found 3 more entries on this chart. But you picked only one. The biggest, the greatest. What about other possible entries? Even this little example shows that this is all fake. You just pick random good entry looking at the past data. And skip bad entries. Later you can say why, because the rules are so blurred so you can explain everything. Like Tekkies. He will say that the candle was small Also please tell me why there are no deals shown on Big E charts?

Also could you please tell us why you are using same font size/color/type as Big E used? It looks like you want to add weight to your words by OP.
Observer effect
  • #115,555
  • Jan 22, 2021 11:09pm Jan 22, 2021 11:09pm
Quoting Tekkies
{quote} Will go for context. -- Sure, green are in those two post as RSI Price Line / red as Trade Signal Line. Those two lines will never be "2 green next will be green"
When green tdi cross red there are already one green candle and next green forming/closing. So we are waiting for more green candles next. (or red if we are shorting). That's why it is simple 2 green next will be green setup. Stoch or RSI here is just to avoid stuck at the top/bottom. You can remove tdi and it will be the same. Indeed I can't understand what tdi for. If there will be 2+ same color candles tdi will cross. You can check tdi formula and see that there are 2 types of moving averages, RSI and standard deviation. It is good to check the direction and to catch top/bottoms bacuse of formula used. But to find crosses there is no need to use it.
Observer effect
  • #115,556
  • Edited 11:41pm Jan 22, 2021 11:15pm | Edited 11:41pm
Quoting tommydoginti
{quote} Hence the emerging trend of Neural and AI programs are a heat topic. 1) Aspect of interest includes noise making it unrecognizable by mechanical rules, 2) rules that are difficult to code (ie market reading, such as trendline break followed by double bottom and trigger a trade scan) and too many definitions to clarify. Discrectionary traders often...
Yes and how those algo traders are successful?
What I noticed is 1. They are scalping 2. They use nasty ECN accounts with almost 0 and 0.1 spreads and transactions are usually closed within seconds/minutes.
Also going with true ECN brokers,VIP accounts with lower comissions, VPS and APIS etc.They perform around 500-1500+ trades every month with their EA's.The discrectionary traders with manual trades have higher sized lots but reduced amounts of trades and they try to increase their probability with chart reading as you said just what can't an EA do in most scenarios.
Yes there are algo trading accounts that are above 100-500k$ But the amount of them are very small compared to manual/discretionary traders that are playing in the same league and consistency is questionable for the both sides,that is another issue.
  • #115,557
  • Jan 23, 2021 1:01am Jan 23, 2021 1:01am
Why Takkies comes into my thread and gives dislike.
What are takkies intentions? What she wants to prove, Probably she wants to prove she is a boy.
This is a good book I have to share it in my thread. This book is recommended by senior trader RH.
I love this book and have learned many things from this book. In my opinion, it is the best trading book I have ever read.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 169 KB
MA provides the market's current direction and strength.
  • #115,558
  • Jan 23, 2021 1:09am Jan 23, 2021 1:09am
PixelSniper
your wrong
MA provides the market's current direction and strength.
  • #115,559
  • Jan 23, 2021 1:10am Jan 23, 2021 1:10am
#115,556

Quoting eelfranz
WHEN TO EXIT ----------------- OK there appears to be some confusion here... ///{image}
Big E' #Post#7612 ... the topic is -

WHEN TO EXIT -----------------

OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.

However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E 7612 chart.png Size: 149 KB


If you see there are also entries, then you are good but that chart #7612 was one of the OP Big E many training charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #115,560
  • Jan 23, 2021 1:37am Jan 23, 2021 1:37am
Quoting ryuryu
{quote} When green tdi cross red there are already one green candle and next green forming/closing. So we are waiting for more green candles next. (or red if we are shorting). That's why it is simple 2 green next will be green setup. Stoch or RSI here is just to avoid stuck at the top/bottom. You can remove tdi and it will be the same. Indeed I can't understand what tdi for. If there will be 2+ same color candles tdi will cross. You can check tdi formula and see that there are 2 types of moving averages, RSI and standard deviation. It is good to...
Now I understand you. Never looked at it in that way and never used it that way.

What you have observed is called Three White Soldiers/Three Black Crows. FF has plenty of those threads, Google even more.

This thread by BigE use TDI and Stoch, why can't members understand that, accept it and move on.

Once again, Ryuryu who is forcing you to use TDI/Stoch?
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