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Trading Made Simple the right way, and other trading lessons 233 replies

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Trading Made Simple

Quoting tommydoginti
{quote} Don't bother arguing with someone who can't even point out correctly the candle you entered... I remember BigE has mentioned he would trade TDI cross signals as soon as it forms before the candle close, but I just cannot do that knowing that price can turn back and cancel the signal. But yea I saw some traders do that too in very early posts when BigE was around. More aggressive approach though, has to be more cautious.
You mean like this?
Attached Image

Take note: Stoch did not confirm direction.
Keep it Simple
Quoting Tekkies
{quote} You mean like this? {image} Take note: Stoch did not confirm direction.
hey Tekkies

You did not follow Post #261

Here is the chart template for Post#261.



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Click to Enlarge Name: EU Apr08 M15 Tekkies post 8-4-2021 11-19-38 pm.png Size: 46 KB


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} You mean like this? {image} Take note: Stoch did not confirm direction.
Pretty aggressive and good luck! I would wait for a quick retest, i.e. double top, (and divergence) to confirm rejection down.
ga sell.
Attached Image
There is Order in Randomness
Quoting Tekkies
{quote} There are no such thing as an stupid question. To understand the structure that goes with every TDI crossover, understand/apply the advice BigE gave in post#647.

Hey Tekkies

There is no stupid question but why did you do not follow and apply Post#647 which you quote so often?

Practice what you preach or just plain stupid trading behaviour.

Selling at the BRN 1.1900 when the price action shows recent bullishness and there is no reversal candle setup.

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Click to Enlarge Name: Tekkies post EU sell 9-4-2021 7-17-18 am.png Size: 114 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} Don't bother arguing with someone who can't even point out correctly the candle you entered... I remember BigE has mentioned he would trade TDI cross signals as soon as it forms before the candle close, but I just cannot do that knowing that price can turn back and cancel the signal. But yea I saw some traders do that too in very early posts when BigE was around. More aggressive approach though, has to be more cautious.
"
I remember BigE has mentioned he would trade TDI cross signals as soon as it forms before the candle close, but I just cannot do that knowing that price can turn back and cancel the signal. But yea I saw some traders do that too in very early posts when BigE was around. More aggressive approach though, has to be more cautious.
"


Hey Folks

Of course, Big E became more aggressive with his APB/HA#1 entry because he has years of trading experience trading with his TDI in Post#25. He has his rules in Post#261.
That TDI#25 updates only when the price bar and HA candle closed. He was very good at price action and he knows his support and resistance levels when he look at the charts.
When he traded aggressive entry, he also use his conservative exit rule.
Do you know his conservative exit rule?
If you still do not know, then you have not read all his posts and pieced together all the posts information and seen the full picture of Big E' trading style.

All the crap newbie add here like 'test and re-test', 'divergence', QM, mixing rules from other system Amazing, etc. will not improve Big E 5-Method.

Keep It Simple: Follow simple rules for entries and exits. (Post#2617) Less is More!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
GBPCAD Apr08 London Open - this is interesting ... Price Action vs oscillators (Stoch and TDI) {image}

GBPCAD Apr08 Trade Closed.

Price Action is leading indicator over the Stoch and TDI. That was a ' fakey'. ... I cut loss once and I remember my TMS V19 information ... follow H4.

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Click to Enlarge Name: GBPCAD Apr08 H4 V19 9-4-2021 6-52-05 am.png Size: 72 KB

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Click to Enlarge Name: GBPCAD Apr08 trade closed 9-4-2021 6-50-58 am.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
Why not everyday like this. One or two more trades will put account back into profit. So much for paper trading. {image} Edit: Done for the day. {image}

hey Tekkies

remember the Op ' post #281.
Don't get fired up just with one good trade.

Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
make it a point to check the 4hr of your H4 chart conditions and follow the market type conditions.

and also

"When trading don't bite off more than you can chew. "
You get euphoric and get carried away!

Quoting eelfranz
When trading don't bite off more than you can chew. Trading Demo is different than trading live... For some reason it gets harder to pull the trigger when it's real money... that's why its so important to build confidence and study old charts... any pair, any time frame on Demo... and then when you finally go live... Trade a Micro account first... as more confidence builds switch to a Mini account... because if you made a poor entry or decision... it really hurts losing the green stuff... So start SMALL when you switch to live trading......
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} EURUSD Apr08 H4 at London 2pm - one of my favourite price action setup ... small candle, big candle ... give that a name BUEOB - are you prepared to take some risk? {image} {image}

EURUSD Apr08 trade closed

- making the transition to trade the 4hr is a good thing the OP Big E advice in Post#281
- know the 4hr or the H4 chart conditions and the Price Action and Support&Resistance
- trade only the best setups with low risk idea

- exit when trade get invalidated

Quoting emmanuel7788
{quote} H1 Price Action > Trade Invalidation ... cut loss! {image} {image}
when you plan your trade, you must know when to get out. Trade Invalidation is a simple exit rule. Do not hang on to losers when you are trading single entry/single exit. It is different from trading with Average Entry Price with a Basket of positions.

- Use Single Entry / Multiple Exits to improve your trading.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD APr08 trade closed 9-4-2021 7-57-38 am.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting tommydoginti
{quote} You reminded me the "RED Christmas", a classic example showing the shortcoming of it. Letting losers run in hope of getting back to BE locks up so much capital and eventually lose it one day. Glad the people in this thread are back to single entry trades demonstrating the original TMS rules. Healthy to the thread and beneficial to the readers.

Hey Folks

Where did the Op Big E mentioned single entry trades is original TMS rules?

Please quote and show me Big E' post(s).

#463#Limitations comes to mind.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EURUSD Apr09 Tokyo 9:15AM

- soon this H4 candle will close
- be patient and wait for the Close and check the TDI for the update, if the price bar closes with higher high+higher Close ... that will cause the TDIO green price line to bounce, how much the green line bounce depends on the Close price MOMENTUM.

- but with the Asian session low volume/liquidity, I do not expect much M....

- for today's day-trading, you should know your intraday support and resistance levels, and the herd mentality.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr09 H4 V19 w W1 9-4-2021 8-12-59 am.png Size: 91 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
EURUSD Apr09 Tokyo 9:15AM - soon this H4 candle will close - be patient and wait for the Close and check the TDI for the update, if the price bar closes with higher high+higher Close ... that will cause the TDIO green price line to bounce, how much the green line bounce depends on the Close price MOMENTUM. - but with the Asian session low volume/liquidity, I do not expect much M.... - for today's day-trading, you should know your intraday support and resistance levels, and the herd mentality. {image}
next step is to look at H1 for details when day-trading

EURUSD Apr09 H1

- a H1 Master Candle after London session closed last night.
- this is an opportunity !
- do you know a low-risk trading idea?

Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr 09 H1 V19 9-4-2021 8-19-35 am.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Now you do the same for GBPUSD,

keep it simple: Follow TMS. Post#261 and Post#647 #BASICS#

no need for other newbie crap like QM, divergence, test and re-test of perceived trend lines etc....

GBPUSD Apr09

- the basic information you will see in TMS_V19 EA displayed.
- you job as the trader is to look for the best setups and trade with low-risk ideas.
- remember today is Friday and what the OP recommended when trading on Fridays.

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Click to Enlarge Name: GBPUSD Apr09 H4 V19 w W1 9-4-2021 8-22-42 am.png Size: 86 KB

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Click to Enlarge Name: GBPUSD Apr09 H1 V19 9-4-2021 8-23-23 am.png Size: 81 KB


If you want excitement trading today, try CAD pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} USDCHF Apr08 H4 update at London 1:45PM - now you can see for yourself why USDCHf ' PA was the better pick ... - it about the use of the APB/HA candle price action and the 5EMA as direction. - what do the OP Big E said about the HA candle size... - what is the use of the 5EMA Typical Price , Shift+3 or +2? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Apr08 H4 update London 1-45PM 8-4-2021 8-43-51 pm.png Size: 78 KB



{image}

USDCHF Apr09 Friday Tokyo 9:35am

- I have written my story

- Now, you can start by writing your own story and trade.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Apr09 H4 V19 w W1 WCC 9-4-2021 8-31-42 am.png Size: 93 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} You mean like this? {image} Take note: Stoch did not confirm direction.
Don't follow gurus who tells you that "The Candle is clearly Up/Down" to determine your bias.
Easily to buy at tops and sell at bottom, the "Red Christmas" was the perfect example of it, demonstrating >50% chance of price turning against you if entering because "The candle is clearly up/down"

EU is trending up in long term and consolidating in last two days before you entered. If you are trend trading you can enter upon Buy signals (which you have showed us a good entry of yours), if countertrend or ranging then the level you sell was feasible, just I would look for additional confirmation instead of entering in first retest.

InTheBox and Pip29 show us some very good PA analysis and TMS entries. Their entries upon reversals on pullbacks are precise and perfectly align with BigE's single entry (and/or re-enter in next trade).

No need to conversate with people who buy/sell into SRs, they don't know what they are doing and clearly do not understand BigE's TMS system and PA. Why not spend more time and effort to revise BigE's posts, reflect own's mistakes, and improve your own trading. And you will know BigE has warned us not to trade into SR, and close one trade before (re-)enter the next one.

Good Luck Tekkis.

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gbpaud pullback sell during europe/london session?
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There is Order in Randomness
Quoting tommydoginti
{quote} Don't follow gurus who tells you that "The Candle is clearly Up/Down" to determine your bias. Easily to buy at tops and sell at bottom, the "Red Christmas" was the perfect example of it, demonstrating >50% chance of price turning against you if entering because "The candle is clearly up/down" EU is trending up in long term and consolidating in last two days before you entered. If you are trend trading you can enter upon Buy signals (which you have showed us a good entry of yours), if countertrend or ranging then the level you sell was feasible,...

Hey TMS Folks

Hindsight analysis is always perfect.
You will see the range top and range bottom in hindsight after the fact.
You will see the trend in hindsight after the fact.
The fact is there are no TMS gurus. Big E was no guru but he had 15 years trading experience.
I see we have many newbies in this thread in the past 10 years and newbie will claim success in very short time and want to become the TMS teacher teaching others how Big E traded.

Its lot of fun reading newbie posts with their 'smoke and mirrors' claims.

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Click to Enlarge Name: tommydgoie hindsight perfect TA 9-4-2021 1-40-09 pm.png Size: 226 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} You mean like this?
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post EU sell 9-4-2021 7-17-18 am.png Size: 114 KB


{image} Take note: Stoch did not confirm direction.

hey Tekkies

two members actually did like the fact you sold when price was bullish. LOL.

the market is kind to you and now you can cut-loss or breakeven after so many stressful hours.

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Click to Enlarge Name: Tekkies EU sell why sell 9-4-2021 1-42-40 pm.png Size: 84 KB

today you have better luck if you follow Post#261 and check Post#647.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
EURUSD Apr09 Tokyo 9:15AM - soon this H4 candle will close - be patient and wait for the Close and check the TDI for the update, if the price bar closes with higher high+higher Close ... that will cause the TDIO green price line to bounce, how much the green line bounce depends on the Close price MOMENTUM. - but with the Asian session low volume/liquidity, I do not expect much M.... - for today's day-trading, you should know your intraday support and resistance levels, and the herd mentality. {image}

EURUSD Apr09 H4 Frankfurt Open

- we are in the 4hr candle now and I see a big H4 candle to the left

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Apr09 H4 V19 FO 9-4-2021 2-00-56 pm.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EURGBP Apr09 H4 at Frankfurt Open

- anyone see 'range top' and range bottom' now?

- let me tell you this weekend after the fact when NY market close on Friday 5PM

- meantime, I trade with low-risk idea.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Apr09 H4 V19 FO 9-4-2021 2-04-42 pm.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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