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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #119,901
  • Jun 3, 2021 5:11am Jun 3, 2021 5:11am
Quoting Tekkies
{quote} Hi Moss, how about adding some trendlines to the mix. Based on this from post#647: Am I in an uptrend or downtrend.. short & long term {image} Post 133,725
Hi

Yes - Good to keep in mind - by a good senior member!

I was reminded of the attached while still deleting some old stuff - may be useful for somebody who wants to see other TF's on his/her chart:

AnyCandle by Sunbrella - read more here.
Multi Time Frame Bars Visualization v1.6 - read more at codebase.
(There may be others but I cannot recall now.)

For coding help if needed ask here.

Enjoy / Trade well / Mos

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Attached File(s)
File Type: zip AnyCandle_v1.1.zip   2.9 MB | 547 downloads
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File Type: zip AnyCandle_v1.2_Upgrade.zip   11 KB | 422 downloads
Attached File(s)
File Type: zip AnyCandle_v1.4.zip   21 KB | 480 downloads
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File Type: zip AnyCandleGroup_v1.4.zip   24 KB | 454 downloads
Attached File(s)
File Type: ex4 mtf_visualization_v1.6.ex4   28 KB | 379 downloads
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File Type: mq4 mtf_visualization_v1.6.mq4   10 KB | 490 downloads
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File Type: zip Sounds.zip   2.7 MB | 483 downloads
Don't limit yourself!!
  • #119,902
  • Jun 3, 2021 5:17am Jun 3, 2021 5:17am
Quoting hasib
{quote} First of all I have my own entry and exit rules. If I told you you will not learn from it because your a Ignorant. Don't try to be smart showing me fundamental news. I do my research. second if you follow smart money what happen to your account. why you lose your account following smart money.
You don't have to tell me your entry/exit rules. Post them here so that readers can understand what and how you trade.
That is if you have any rules.

"why you lose your account following smart money"
Since when is TDI green cross red equal to smart money?

Something to think about when following TDI.
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  • #119,903
  • Jun 3, 2021 6:02am Jun 3, 2021 6:02am
Quoting tommydoginti
Wow. Just out for fun a couple days this thread is completely off topic again. Anyway, I only did one trade today since Monday GU BUY as a MTF reversal setup formed. Entered when TDI green crossed red as of the original TMS. SL and TP both at S/R, overlap with S/D concept. Also BRN. All these PA in additional to TDI Green Cross Red TMS Buy entry signal, added confluences to enter a buy. Closed at conservative low edge of price level, modest 5.57R post Spread Single Entry, Single Exit. Manage your risk with lot size and rules to trail SL (if applicable)...
Of Course BigE's Trading Made Simple 5-method is about TDI green cross/bounce red.

Haven said that, it is no doubt BigE could read price action with naked charts.

Trading Made Simple TDI trading strategy is developed by BigE out of kindness to help traders of various experience level to learn and add confidence in their trades.

I am simply here sharing how TDI crosses and bounces are applied in my trade decisions, adding more information and experience to the pile of TMS TDI green cross/bounce red entries for others to read.


Remember, if one cannot apply TMS TDI and trade profitably, it's okay as it may not be for you. However those who come to this thread and keeping yelling "TDI/TMS does not work", they are just too stupid to be a civilized trader, or they are Projecting their hatred and Exacting Revenge in this thread, probably because they have lost another trade (Not BLUE their accounts)
  • #119,904
  • Jun 3, 2021 7:40am Jun 3, 2021 7:40am
Inserted Video
MA provides the market's current direction and strength.
  • #119,905
  • Jun 3, 2021 8:29am Jun 3, 2021 8:29am
The following quote is right on. It supports what I've been saying on this forum for months. Individual trades are not about making money. They are about managing losses.

-Dial

Quoting Boris Schlossberg
Most traders lose because they tolerate their losses. They allow positions to move hundreds of points against their entries, they add to losing positions and more often than not they allow one bad trade to wipe out many trades worth of profits.
Trading is not the art making money. It is the business of not losing money. That may sound simplistic, but in order really understand trading you must accept the fact that wins are often a matter of luck but losses are strictly a question of skill. That is why once the trade moves in our direction by 50% of our risk we move the stop to break even and take some money off the table. If we get stopped at break even and the trade then goes on to made oodles of cash, so be it. We move on and look for the next good idea.

Let us demonstrate to you in very simple terms why capping your losses is so important. Two scenarios. Scenario one you are in a short term day trade with 30 points of risk. It moves in your direction by 15 points then stalls. You place the stop at breakeven and it bounces back and takes you out of the market. Scenario 2 is the same trade except this time you hold your stop 30 points back and refuse to budge. You are either going to make your target or you will get stopped you tell yourself. Surprise, surprise, you get stopped out for –30. But here is the kicker. Suppose you wanted to make 30 points by end of that trading day. Under scenario 1 you would only need to make 30 points in a trade to reach your target. Scenario 2? You would have to make DOUBLE – 60 points to reach that same target. Why? Because you would have to make up the 30 point loss before you could even begin to think about making profits. Repeat this dynamic hundreds of times over a year and you start to appreciate the fact that profitable trading has far more to do minimizing losses that any other factor and therefore the most successful practitioners of the craft are some of the most intolerant people on earth.

More detail here https://www.forexfactory.com/thread/...anaging-losses
MA provides the market's current direction and strength.
  • #119,906
  • Jun 3, 2021 9:30am Jun 3, 2021 9:30am
Again scalp the reaction of spike

GU TDI green cross red buy signal. Exited at multiple retested top instead of initial TP as momentum subsided that represented by TDI hook

SL was 1.40095 cannot show due to chart scaling by MT4

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  • #119,907
  • Jun 3, 2021 9:39am Jun 3, 2021 9:39am
Quoting hasib
The following quote is right on. It supports what I've been saying on this forum for months. Individual trades are not about making money. They are about managing losses. -Dial Quoting Boris Schlossberg Most traders lose because they tolerate their losses. They allow positions to move hundreds of points against their entries, they add to losing positions and more often than not they allow one bad trade to wipe out many trades worth of profits. Trading is not the art making money. It is the business of not losing money. That may sound simplistic,...

Setting a pips/profit goal is not a healthy trade plan as of these paragraphs.

The most dangerous way of mindset in trading is chase the loss by revenge trading.

If you make a decision to enter a trade and win, that is good. If it is a loss, then accept it and move on, a losing trade should not become the burden of the next trade.

Revenge trading is a stupid move. Setting a daily goal is the one root cause of such stupidity

I see you have the problem of revenge trading for years. Deleting your own posts do not change it, so I have kindly help you by capturing them as screen shots.

Hope you can overcome this newbie problem after all these years of lessons

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  • #119,908
  • Jun 3, 2021 9:43am Jun 3, 2021 9:43am
Quoting tommydoginti
Again scalp the reaction of spike GU TDI green cross red buy signal. Exited at multiple retested top instead of initial TP as momentum subsided that represented by TDI hook SL was 1.40095 cannot show due to chart scaling by MT4 {image}{image}
Good to see GU kept going down after trade close.

maybe another Buy opportunity to reap profit from retracement before going to bed
  • #119,909
  • Jun 3, 2021 10:01am Jun 3, 2021 10:01am
Quoting tommydoginti
{quote} Good to see GU kept going down after trade close. maybe another Buy opportunity to reap profit from retracement before going to bed
GU buy scalp round 2

Close call SL. But if lost then the plan was buy next exhaustion on m15
*Edit: m15 setup may take another hour to form at least. May have gone to bed by then. Call it a day

good night and trade well

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  • #119,910
  • Jun 3, 2021 12:46pm Jun 3, 2021 12:46pm
Quoting DrDave
{quote} It happens over-and-over: Today is both EURUSD and GBPUSD simple RALLY then continuation trade. Yesterday we saw EURUSD H1 (H2) do it followed by H4 ending the day making its rally. And today is the H4 down continuation. Use TDI green cross red down, then evaluate your entry criteria to see if you have a sell. Trading Made Simple with TDI to alert you, and entry criteria, such a green angle, IMT timeframes, etc. No EAs, no multi-bar setups, not even price bars are needed.
It happens over-and-over: Today is both EURUSD and GBPUSD simple RALLY then continuation trade. And today is the H4 down continuation.

And for the astute traders that understand the interrelationships of the smaller TFs to the larger, you not only got on the H4 sell continuation, but as it progressed down, you saw M15, M30, H1 ALL make rallies to the H4, and then you had MORE sell continuations on all three of those TFs, as well.

Like taking candy from a baby ...

IMT helps find the way to the TF of interest at any given moment.
TDI crossings signal to EVALUATE your entry criteria.
No EAs needed.
No candlestick patterns need be evaluated.

Today was a day to make a killing. Were you a killer, or the killed?
To free Gazans of Hamas, use whatever it takes.
  • #119,911
  • Jun 3, 2021 6:30pm Jun 3, 2021 6:30pm
Quoting Tekkies
{quote} Are you sure about this?: "this thread is not about trading TDI green cross red". It is contradicting to what BigE has posted: Post#1.... The key to this method is the Traders Dynamic Index indicator for entries and exits. Post#2... 1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle Post#6 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...

@Tekkies

YES! I am very sure you do not know Post#647 well and you trade TDI green cross red without a thorough investigation the way Big E would do when he was trading. In your TDI M15H1 Vline case you should be doing for every TDI M15H VLine do more investigation before you place multiple buy and sell entries. And limit to just buy or sell and stop hedging with buys and sells at the same time, this will drain you account.

It happens over-and-over ... EURUSD ... and your next margin call from your broker in on its way.

Good luck.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,912
  • Jun 3, 2021 6:43pm Jun 3, 2021 6:43pm
Quoting emmanuel7788
{quote} coming up next, we look for the 4H Swing Trade with 9R potential started stalking for my 9R trades for June-July. now you all read and study Big E' posts with training charts and spot those 3R to 9R trades he posted before. EU Tokyo Open 9am {image} GU Tokyo Open 9am {image} If you risk say $1,000 for the first R level, how many much money can you make in a 9R move?
reminder: we look for the next 4H Swing Trade with 9R potential

it has not started yet. Yesterday was just the 'teaser' to help me build up some profits for this next big one.

Keep on stalking and also look at other pairs too.

EU Jun 04 at Tokyo 8am

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GU Jun 04 at Tokyo 8am

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Last 2 days were good to make some profits for the coming next 4H Swing Trade 9R.

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Trade Well Folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,913
  • Jun 3, 2021 6:46pm Jun 3, 2021 6:46pm
It looks like some people believe that hedging repeatedly will quickly drain your account. LOL. As the simplest example, if you have a trade running that is in the red and you make a hedge with the same lot size, then it is not possible for the hedge to drain anything, because the floating negative amount is now LOCKED from going further negative.

Most likely, the people that believe this are speaking about their own experience of repeated hedging with repeated poor management of the trades with repeated draining of THEIR accounts.
To free Gazans of Hamas, use whatever it takes.
  • #119,914
  • Jun 3, 2021 6:57pm Jun 3, 2021 6:57pm
EURUSD has been trading INSIDE of the D2 down swing. So is it any surprise that yesterday's and today's D1 DOWN CONTINUATION had plenty of SELLING opportunities from M15 through H4? And if you are more of a risk taker, you continued with H8 and H16, as well.

But likely few of you readers venture to more than 2 or 3 of your "favorite" TFs, and miss out on the easy pickin's on all of those other TFs.
To free Gazans of Hamas, use whatever it takes.
  • #119,915
  • Jun 3, 2021 7:06pm Jun 3, 2021 7:06pm
it is 3AM in Israel and someone is having sleepless night. Hedging with a ZAR100 account balance ....

Today is NFP one of my favourite 'market type' to trade with my modified 5Minute MOMO using Big E' 5-Method.

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Stay Tuned for NFP trading today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,916
  • Jun 3, 2021 7:20pm Jun 3, 2021 7:20pm
Quoting Dyekid217
after going through some of the thread I am seeing alot of people that are not following the basic rules. Such as waiting for pa to get accross the 5ma. or the tdi isn't crossed. Sometimes there's false signals when the RED line on TDI is moving in the opposite direction of the Green. Such as a green cross upward but red is still moving down. I notice that on the tdi.. IF THE RED IS NOT MOVING IN THE SAME DIRECTION AS THE GREEN it's a C trade maybe a B at most. I'm just looking for the A trades.. Big candle bodies and everything in the same direction...

an astute trader Dyekid317 made these observations:

"
after going through some of the thread I am seeing alot of people that are not following the basic rules.

Such as waiting for pa to get accross the 5ma. or the tdi isn't crossed. Sometimes there's false signals when the RED line on TDI is moving in the opposite direction of the Green. Such as a green cross upward but red is still moving down. I notice that on the tdi.. IF THE RED IS NOT MOVING IN THE SAME DIRECTION AS THE GREEN it's a C trade maybe a B at most.

I'm just looking for the A trades.. Big candle bodies and everything in the same direction

Follow your basic forex knowledge and you'll be set

EDIT: also it's easy to filter ranging periods when the 5ma isn't pointing to 12-2 or 4-6
"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,917
  • Jun 3, 2021 7:27pm Jun 3, 2021 7:27pm
Quoting emmanuel7788
{quote} these currency pairs/groups for 2021 Group#1 AUDUSD EURUSD GBPUSD USDCAD NZDUSD Group#2 EURAUD EURNZD EURCAD EURGBP*** Group#3 GBPAUD GBPNZD GBPCAD Group#4 USDJPY AUDJPY EURJPY GBPJPY SGDJPY Group#5 AUDCAD AUDNZD NZDCAD Group#6 AUDSGD EURSGD GBPSGD USDSGD NZDSGD
PM Q&As:

I get asked over and over again for the next 4H swing trading 9R trade.

which currency pairs for 4H Swing Trading?

these currency pairs/groups for both 4H swing trading and also Daily/Weekly swing trading.


Group#1
AUDUSD
EURUSD
GBPUSD
USDCAD
NZDUSD

Group#2
EURAUD
EURNZD
EURCAD
EURGBP***

Group#3
GBPAUD
GBPNZD
GBPCAD

Group#4
USDJPY
AUDJPY
EURJPY
GBPJPY
SGDJPY

Group#5
AUDCAD
AUDNZD
NZDCAD

Group#6
AUDSGD
EURSGD
GBPSGD
USDSGD
NZDSGD

Important to do your top down analysis and have your Big Picture Plan done.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,918
  • Jun 3, 2021 8:07pm Jun 3, 2021 8:07pm
Look at XAUUSD Daily Jun 04 Tokyo Open.

sell Daily with previous 2-Days High as Stop Loss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,919
  • Jun 3, 2021 11:04pm Jun 3, 2021 11:04pm
Quoting emmanuel7788
Look at XAUUSD Daily Jun 04 Tokyo Open. sell Daily with previous 2-Days High as Stop Loss.
I can see price quickly recover the loss.
almost 160 pips Tokyo channel.
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MA provides the market's current direction and strength.
  • #119,920
  • Jun 3, 2021 11:09pm Jun 3, 2021 11:09pm
Quoting emmanuel7788
Look at XAUUSD Daily Jun 04 Tokyo Open. sell Daily with previous 2-Days High as Stop Loss.
Yes, I can see sell in the daily chart.
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MA provides the market's current direction and strength.
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