Trading Made Simple | Page 6066 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #121,301
  • Jun 26, 2021 7:17pm Jun 26, 2021 7:17pm
Quoting eelfranz
The question was concerning why not enter on candle # 3. In this example the TDI indicates taking the trade on candle # 1. Had you entered on candle # 3 you would have been two candles late for the CORRECT ENTRY. Because a reversal normall runs 3-8 candles we were fortunate it has run so many candles... The idea about entering on candle 1 or 2 if you get the TDI signal is if it only goes 3 candles you should get on average at least some profit... especially on higher time frames. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Big E #142 chart.png Size: 37 KB


study the OP' Big E chart #142 again.

so many TDI green cross red, but why did he only marked one trade?

why the two additional moving averages on his chart?

what are the moving averages?

how well do you know his Post#1 and Post#1199?

do you know the meaning of 'daylight' on his chart above?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,302
  • Jun 26, 2021 7:40pm Jun 26, 2021 7:40pm
PM Q&A

Q. - do you also check the Prev-Slope and Curr-Slope of the TDI red line?

A. - NO. I only look at the price MOMENTUM of the setup bar/HA candle, and that is only shown in the RSI green price line

Please read Post#1174:
https://www.forexfactory.com/thread/...16#post4589316
"When we look at the angle of the TDI indicator, is it only the angle of the Green line that we are interested in or is the angle of the Red line also important? I have noted that on some occassions, for example, the angle of the Green line is at 4.00 o'clock, having crossed the red line, but the angle of the Red line is flat. Is this of any significance when deciding to enter a trade?"

and the OP Big E' reply Post#1184:
https://www.forexfactory.com/thread/...97#post4589597
" I generally only look at the green line but others do consider the red too... your preferance... "


Do you have many personal preferences?
What are your personal preferences?

Is TDI 'golden cross' one of your preference to take a counter-trend trade?

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #142 chart.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,303
  • Jun 26, 2021 7:51pm Jun 26, 2021 7:51pm
Quoting eelfranz
Last nights trade.... The usual... enter 10pm - exit 6am.. {image} {image}
It is not always HA#1 and HA#2 entry.

Look at this old Post#1160

it is HA#4 entry and it was 10PM candle.

look at the price action, what do you see?
- 4 bars/candle before bar#1 is a Master Candle CONSOLIDATION.

do you see bar#2 was the breakout?
- easy, right?

bar#3 was the pull-back but the APB/HA did not change colour ... then BANG!



Attached Image (click to enlarge)
Click to Enlarge Name: 1160 chart 10pm HA4 entry.png Size: 120 KB


now, you can add one white wire to our 'neural network'.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,304
  • Jun 27, 2021 12:00am Jun 27, 2021 12:00am
Quoting pips29
{quote} Buying gold at the zone shown would be the best way to trade this yellow metal imo...there are 2 paths that price might move (1) price drop to the zone and bounce up and (2) price moves up from here to the sell zone on the weekly as weekly is a sell but monthly is a buy, so in this case it's best to wait for price to come down to the buy zone as the upward move from this zone could be huge,,just my 2 cents {image}
Hi pips29
you have got some good observations.
Lets understand Gold Monthly Chart.

Price was in strong bull market, Trend indicator ma, and Momentum indicator both shows strong trend.
However if we try to understand what is going on. we will see
1. Price is Too much touch 10 ema.
2. Price if one candle close above 10 ema after few candle another candle close below 10 ema.
3. HA is changing color after few candle.
4. super trend become bearish that is 2 multiplier ATR break lower.

Ok lets focus current month. Previous month was strong bull but current month become bearish. Price is still below 10 ema, yes month is not end yet but If we close below 10 ema we can easily say price is in consolidations zone and we may say price will move lower more.

I hope I clear my point about monthly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 60 KB
MA provides the market's current direction and strength.
  • #121,305
  • Jun 27, 2021 2:17am Jun 27, 2021 2:17am
Guys, what is stoch price setting? Low/High or Close/Close?
  • #121,306
  • Jun 27, 2021 2:33am Jun 27, 2021 2:33am
Quoting emmanuel7788
{quote} That is the Capital Protection setting in THV CaveManager. It is 10+2 pips BE+. {image} I also set the Trail_By_Prev_Candle HL for catching the breakouts during news event. {image}
Emmanuel, very good information. I think I will use THV CaveManager when I can't monitor the trade. If I can monitor it myself I will use 15M to monitor the price
action until it have move away from the entry with a good margin. Then I will use the normal exit rules for 1H.
  • #121,307
  • Jun 27, 2021 2:37am Jun 27, 2021 2:37am
No explanation has been forthcoming about this mistake. So is it any surprise that the below mistake still goes unrecognized? (He STILL insists that there is no mistake! HA-HA-HA!)

Quoting emmanuel7788
TMS_V19 Q&As
TMS_V19 setting for HA Candlestick Trailing Stop
- trailing is previous 2 HA candles high
- minimum profit is 2 pips
- these settings will activate when price move +20pips
With the number of people that have made posts in this thread about that EA not working right, well, even if you get it to APPEAR to be working right, be prepared for a "GOTCHA" and a crashed trade now and then when you follow those directions. When you go to examine that crashed trade, you will see that the EA seems to have not worked correctly after all.

Looks like his wires were crossed in his "personal neural network" since at LEAST 2012.
To free Gazans of Hamas, use whatever it takes.
  • #121,308
  • Edited 3:48am Jun 27, 2021 3:17am | Edited 3:48am
Quoting DrDave
No explanation has been forthcoming about this mistake. So is it any surprise that the below mistake still goes unrecognized? (He STILL insists that there is no mistake! HA-HA-HA!) {quote} With the number of people that have made posts in this thread about that EA not working right, well, even if you get it to APPEAR to be working right, be prepared for a "GOTCHA" and a crashed trade now and then when you follow those directions. When you go to examine that crashed trade,...

LOL.

Poor *&^% guru DrDave. He is still lost in his own TDA with IMT mess looking for the correct Heiken Ashi candlestick to use. He is still looking deep in his IMT 'mesh-network' which is a huge mess in his head.

First, he got to read those threads and learn himself. He expects to spoon-feeding here. Until he can find a good trade setup that will run into profit, he will never get to see how the HA Candlestick Trailing Stop will work in real-time live market. He is still struggling with the different versions of the TMS_V19 expert advisor and will never get to see how the trailing using HA candle is different from the trailing by price bar/Japanese candlestick.

First thing he needs to do is re-wire his brain that's his own 'neural network' with Big E Trading Made Simple 5-Method.


Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,309
  • Jun 27, 2021 3:22am Jun 27, 2021 3:22am
Quoting hasib
{quote} Hi pips29 you have got some good observations. Lets understand Gold Monthly Chart. Price was in strong bull market, Trend indicator ma, and Momentum indicator both shows strong trend. However if we try to understand what is going on. we will see 1. Price is Too much touch 10 ema. 2. Price if one candle close above 10 ema after few candle another candle close below 10 ema. 3. HA is changing color after few candle. 4. super trend become bearish that is 2 multiplier ATR break lower. Ok lets focus...
thanks for Gold chart, market this time is tricky. Be careful, never know it will bounce to main monthly trend. Just focus on D1 this moment
  • #121,310
  • Jun 27, 2021 3:33am Jun 27, 2021 3:33am
Quoting kirinda
{quote} Emmanuel, very good information. I think I will use THV CaveManager when I can't monitor the trade. If I can monitor it myself I will use 15M to monitor the price action until it have move away from the entry with a good margin. Then I will use the normal exit rules for 1H.

with the H1 ATR of between 10 and 15 pips, that setting will work quite good.

but if you trade the more volatile pairs like the Euro cross and GBP crosses, the ATR are much bigger. You may need to adjust the settings.
For example: EurAud H1 ATR was 17 pips and H4 was 35 pips.

For example, last week I day-trade EurAud just by following the H4 price action - APB/HA candles above and below it 5-EMA, and letting THV CM manage the exits. Market was choppy and I got stopped out often with smaller profits.

Attached Image (click to enlarge)
Click to Enlarge Name: EurAud Jun 21 to 25 H1 day-trading 27-6-2021 4-23-38 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,311
  • Jun 27, 2021 3:38am Jun 27, 2021 3:38am
Quoting hasib
{quote} Hi pips29 you have got some good observations. Lets understand Gold Monthly Chart. Price was in strong bull market, Trend indicator ma, and Momentum indicator both shows strong trend. However if we try to understand what is going on. we will see 1. Price is Too much touch 10 ema. 2. Price if one candle close above 10 ema after few candle another candle close below 10 ema. 3. HA is changing color after few candle. 4. super trend become bearish that is 2 multiplier ATR break lower. Ok lets focus...

look at S&P500 and Gold correlation.

if the US markets remains 'mini-bull' rally next week until the big day event. Gold will be sideways. But one market analyst was talkimg about correlation between BTCUSD vs S&P500 this week ... quite interesting for medium term investors.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,312
  • Edited 4:22am Jun 27, 2021 4:07am | Edited 4:22am
Quoting tomgu
{quote} thanks for Gold chart, market this time is tricky. Be careful, never know it will bounce to main monthly trend. Just focus on D1 this moment
I can understand what you said. It happen at the end of the candle. In this case end of the monthly candle.
I am not seeing any recovery now but next week before NFP we may see.

If gold price move higher, I think XAG will move higher fast. that market is more stronger than gold currently.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 71 KB
MA provides the market's current direction and strength.
  • #121,313
  • Jun 27, 2021 4:17am Jun 27, 2021 4:17am
US30. Last week Monday LO recover drive the market. other day LO fail to show any commitment.
So I will try to understand this week Monday LO and NYO.
This week Non-Farm Employment Change will not be a quite NFP I assume.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 56 KB
MA provides the market's current direction and strength.
  • #121,314
  • Jun 27, 2021 4:17am Jun 27, 2021 4:17am
Quoting DrDave
{quote} Excel is the go-to "programming" application in businesses worldwide because it is much less intimidating than learning a formal, general purpose programming language. The majority of business users use rather simple calculations. Some more advanced users upgrade their skills to pivot tables, various lookup functions, etc. And for some even more advanced needs, they learn some VBA. For any kind of serious automated calculations in trading, if you intend to interface with Excel, then it would be a far better use of your time to learn Python...
How do I get my money from MetaTrader 5?
It seems I have been successful in gaining funds thanks to advice in Forex.
Now I would like to download the monetary value that the app on my android phone says I have -- well, actually just a small part of it -- to my bank account.
I googled how do do it and the result said to click on "File" but I did not see any "File" option on my app.
Any help please?
https://photos.app.goo.gl/dnGjYjN9dBs8LwLX6
  • #121,315
  • Jun 27, 2021 4:39am Jun 27, 2021 4:39am
Quoting emmanuel7788
{quote} look at S&P500 and Gold correlation. if the US markets remains 'mini-bull' rally next week until the big day event. Gold will be sideways. But one market analyst was talkimg about correlation between BTCUSD vs S&P500 this week ... quite interesting for medium term investors.
Your NN chart is quite interesting probably DrDave wants your NN indicator.
Help him to become good trader.
MA provides the market's current direction and strength.
  • #121,316
  • Jun 27, 2021 4:49am Jun 27, 2021 4:49am
Quoting emmanuel7788
{quote} look at S&P500 and Gold correlation. if the US markets remains 'mini-bull' rally next week until the big day event. Gold will be sideways. But one market analyst was talkimg about correlation between BTCUSD vs S&P500 this week ... quite interesting for medium term investors.
The big benefit on futures contracts is we see "WHEN" and in what amount a contract (or even some thousands) are bought or sold in real time.

That gives us the advantage to follow the flow.

I´m pretty happy with my decision 2 years ago to trade exclusively futures.

Risiko birgt immer auch die Chance.
  • #121,317
  • Jun 27, 2021 5:11am Jun 27, 2021 5:11am
Quoting tomgu
{quote} thanks for Gold chart, market this time is tricky. Be careful, never know it will bounce to main monthly trend. Just focus on D1 this moment
yes tomgu, the market is always tricky, that's why I always try to buy low and sell high. That's why I always look for retracement for an entry and my mtf analysis indicates hat I should look for a buy where I marked on the chart. since you are using the daily there is further room for this to go down on my chart
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 81 KB
the cautious seldom err....C
  • #121,318
  • Jun 27, 2021 5:27am Jun 27, 2021 5:27am
Quoting hasib
US30. Last week Monday LO recover drive the market. other day LO fail to show any commitment. So I will try to understand this week Monday LO and NYO. This week Non-Farm Employment Change will not be a quite NFP I assume. {image}
Hello Hassib, I like your charts. Please the histogram indicator in the bottom can post and give settings? Thanks very much
  • #121,319
  • Jun 27, 2021 6:11am Jun 27, 2021 6:11am
Quoting pips29
{quote} yes tomgu, the market is always tricky, that's why I always try to buy low and sell high. That's why I always look for retracement for an entry and my mtf analysis indicates hat I should look for a buy where I marked on the chart. since you are using the daily there is further room for this to go down on my chart {image}
Yes, as I use AWR52 by Bridge Water to do exit. Now is first 40% retrace, still got room to down. Maybe never, bounce from there and never back. Who knows.

Attached Image
  • #121,320
  • Jun 27, 2021 6:29am Jun 27, 2021 6:29am
Quoting Sesamstrasse
{quote} The big benefit on futures contracts is we see "WHEN" and in what amount a contract (or even some thousands) are bought or sold in real time. That gives us the advantage to follow the flow. I´m pretty happy with my decision 2 years ago to trade exclusively futures.
Which instruments are you trading?
78 traders viewing now, 1 is registered:
Algovedas