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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

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Trading Made Simple

  • #124,321
  • Sep 9, 2021 5:00pm Sep 9, 2021 5:00pm
Quoting kirinda
{quote} Yes, I will look closer on Futures this year. For me TDI is only a possible entry alert. When I got the alert I check PA for possible entry. If I find a better entry alert than TDI I will of course use it: I'm not relgis about indicators.

'Back to the Future' is good and the way forward to wealth creation.

What you need is a TMS alert for Post#261.
- HA candle size filter (medium size or larger)
- 5EMA Typical Price, Shift+2 filter
- Stoch slope filter
- RSI price line slope filter
- PA reversal setup
- PA bounce setup
- trading hours start and end.

the above have been done and available in several variants... indicators, expert advisor, ...

How do you want to receive the alert ?
- on chart screen?
- email
- Telegram
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,322
  • Sep 9, 2021 5:10pm Sep 9, 2021 5:10pm
What is a Trading System? (Tim Wilcox)

What most people think of as a trading system, I would call a trading strategy.

This would consist of eight parts:

1. a market filter

2. set up conditions

3. an entry signal

4. a worst-case stop loss

5. re-entry when it is appropriate

6. profit-taking exits

7. a position sizing algorithm, and

8. you might need multiple systems for different market conditions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,323
  • Sep 9, 2021 5:15pm Sep 9, 2021 5:15pm
Quoting emmanuel7788
What is a Trading System? (Tim Wilcox) What most people think of as a trading system, I would call a trading strategy. This would consist of eight parts: 1. a market filter 2. set up conditions 3. an entry signal 4. a worst-case stop loss 5. re-entry when it is appropriate 6. profit-taking exits 7. a position sizing algorithm, and 8. you might need multiple systems for different market conditions.
What is Involved in Peak Performance Trading? by Van K. Tharp

There is so much involved in developing peak performance, that I recommend that all traders have a business plan. We recommend that the business plan cover all of the following areas.
 Your vision.
 Your purpose.
 Your objectives.
 A thorough self-assessment of your strengths and weakness, based upon real trading logs that you collect (if you haven’t done so already).
 A thorough assessment of the big picture of the fundamentals.
 A complete understanding of your beliefs about the market.
 Procedures for getting empowering beliefs and mental states behind you.
 A documentation of your research procedure for developing new systems and determining how to analyze their effectiveness.
 Your procedures for developing and maintaining discipline.
 Your budget and cashflow systems.
 Other necessary systems such as marketing, back office record keeping, etc.
 Your worst-case contingency plan.
 System 1 – which is compatible with the big picture.
 System 2 – which is also compatible with the big picture.
 System 3 – which might come into play should the big picture change.

If you have all of those things, then you have a chance of doing well. But this means that your business plan becomes a tool for you to continually use to improve yourself and your trading.

You will notice that at the top of the list I include "vision." One of the keys to real success in trading is commitment. Before I coach a trader, I look for commitment. Those who are not committed to do what it takes, usually commit financial suicide when they try to be full time traders. Now, I have no idea how to give people commitment. It’s more like something they are born with—not something I can coach.

However, I do have some clues to how you can develop it in yourself. The key to doing so is to develop your vision and purpose. Your vision is your dream life. What do you really want to accomplish, be, and have in your life to know that you’ve done your best? What is your dream life? I’d write this out in detail.

And you also want the purpose behind the dream life. What are the "whys" in your life? This is what gives it the real motivation and commitment. Why do you want the things you want? Write down as many whys as possible. You’ll know you have it correct when you are so excited about your dream life that you must do something right now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,324
  • Sep 9, 2021 5:22pm Sep 9, 2021 5:22pm
Quoting Tekkies
{quote} Which post is the lie??? This one: Post 124,268 > US30 we look for MOMENTUM sell, sell, sell.... or This one: Post 124,287 > when you trade stock market indices?

US30 we look for MOMENTUM sell, sell, sell..

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,325
  • Sep 9, 2021 5:34pm Sep 9, 2021 5:34pm
hello emmanuel7788
only have one question?
how do you see the possibilities in my semicircle (RED)?
to find entry via the tdi
it is not about profit sl ,tp that is not the point
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  • #124,326
  • Sep 9, 2021 5:35pm Sep 9, 2021 5:35pm
Quoting Tekkies
{quote} Hi Iddd You right, I should not be bother with it. Am not responsible or accountable for the action by members within Forex Factor. It is heartbreak to read everyday how one member is destroying this beautiful wonderful simple method. 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. Why do you even bother. <> This method by BigE in this thread as he...
"This method by BigE in this thread as he presented it has set me on a path to financial freedom."


LOL @Tekkies

Is this the truth or just another lie?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,327
  • Sep 9, 2021 6:13pm Sep 9, 2021 6:13pm
Quoting kette
hello emmanuel7788 only have one question? how do you see the possibilities in my semicircle (RED)? to find entry via the tdi it is not about profit sl ,tp that is not the point {image}
hallo kette

its morning, you got to ask me easier question than this.

I can ask my wife now but I know her answer already.

So, I will ask my 9-year old grandson when he come for his weekend stayover. He knows what a marubozu is.

stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,328
  • Sep 9, 2021 6:21pm Sep 9, 2021 6:21pm
Quoting emmanuel7788
{quote} hallo kette its morning, you got to ask me easier question than this. I can ask my wife now but I know her answer already. So, I will ask my 9-year old grandson when he come for his weekend stayover. He knows what a marubozu is. stay tuned!

good morning
thought you had a solid answer to this
how to recognise this quickly tdi trade
did not mean to interrupt
stay healthy
  • #124,329
  • Sep 9, 2021 8:31pm Sep 9, 2021 8:31pm
Quoting emmanuel7788
{quote} GBPUSD Sep 09 H1 Live Trade Update 1230PM - move SL to +1R locked in profit and wait for NYO - the last 2 hours price action > H1 fails to make higher high with higher close, risky now as momentum lost indicative of H4 candle not moving hence small body - {image} NYSE opening soon time to move over and prepare.

Attached Image (click to enlarge)
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{image}


GBPUSD Sep10 H1 trade update Tokyo open

- move trailing SL to +3R locked 3R profit and wait...

Attached Image (click to enlarge)
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#TradeManagement# using #Risk R# and #R-Multiple#
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,330
  • Sep 9, 2021 8:32pm Sep 9, 2021 8:32pm
Quoting kette
hello emmanuel7788 only have one question? how do you see the possibilities in my semicircle (RED)? to find entry via the tdi it is not about profit sl ,tp that is not the point {image}
Hi Mette

If I can jump in, that question doesn’t need a answer if we include a volatility band in the TDI.
Hell just add one in the main chart as well and we get good signals.

Cheers
Trading thin liquidity at the boundary of the charts
  • #124,331
  • Sep 9, 2021 8:59pm Sep 9, 2021 8:59pm
Quoting kirinda
{quote} Okay, so it is allowed to enter at the crossing and doesn't need to wait for candle close. But I hope BigE allowed to wait for candle close as long entry was on bar #1 or bar #2.
@kirinda

I post live market realtime charts ... live charts do not lie.

If I had waited for the H1 candle to closed then enter, I would have gotten a better entry price.

but, hell NO!

I jumped in when price momentum break the Mother Bar/Inside Bar high at TOK_5H and the price pulled back and Closed below my entry price. The next H1 open lower than my entry price.... LOL.

look at the Stoch signal %K crossed %D at my entry candle.

then look at the TDI green and red lines, has the green crossed the red on my chart (before I refresh this)?

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,332
  • Sep 9, 2021 9:02pm Sep 9, 2021 9:02pm
Quoting RickM
{quote} Hi Mette If I can jump in, that question doesn’t need a answer if we include a volatility band in the TDI. Hell just add one in the main chart as well and we get good signals. Cheers

have your tried BBMA on RSI data?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,333
  • Sep 9, 2021 9:30pm Sep 9, 2021 9:30pm
Hi

I would like to get as much info as possible to this (new to me) '5 method'.

The gentleman who started this thread would I imagine be pleased it lives on.

I started at thread 1 but as you all know there are thousands.

I use TView and cannot find (so far) a list of the indicators for me to use

Post No #25 mentions some but for MT4 I assume

any help with a post Number to help me would be appreciated, thanks in advance
  • #124,334
  • Edited 10:16pm Sep 9, 2021 9:47pm | Edited 10:16pm
Quoting emmanuel7788
{quote} have your tried BBMA on RSI data?
Hi Emmanuel

No, I haven’t traded with the BBMA system but to be honest, I do use a similar logic to that system already.

I would increase the BB moving average and deviation settings (depending on timeframe) and just add Futures Volume & Delta instead of the RSI.
For price to run, I need to see increasing volume to start at break out and continue thereafter. If volume decreases, look to sell on the upper band or buy on the lower band.

Another aspect is the whipsaw he mentioned on the PDF. That is the only price action signal we should look for but it must take out liquidity pools top and bottom.
Its the A+++ signal we desire.
Check out the brilliant signal on GBPUSD after New York open, the Sell signal in a nutshell. It was on M1.

Another thing worth mentioning, the TDI is very useful if you trade the flipping of delta so let’s no disregard that great tool altogether.

Cheers
Trading thin liquidity at the boundary of the charts
  • #124,335
  • Sep 9, 2021 11:25pm Sep 9, 2021 11:25pm
Quoting tommydoginti
{quote} {image} 1st buy range low to range high - 2.33R 2nd buy re-entry upon breakout resistance - 1R Simply following BigE's Trading Made Simple. Simple entry and exit rules Considering the few elements instructed by BigE. Enough to made decision for the trade with high odds of winning. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term {image} Adding crap EAs does not help improve your trading. Set...
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Friday low risk, small lot trading.

Simply following BigE's Trading Made Simple. Simple entry and exit rules

Considering the few elements instructed by BigE. Enough to made decision for the trade with high odds of winning.

1. TDI green red line
(#647 PA analysis)
2. Previous High/Low
3. Rejection at previous High/Low
4. Trend, long and short term

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  • #124,336
  • Sep 10, 2021 1:09am Sep 10, 2021 1:09am
Quoting RickM
{quote} Hi Mette If I can jump in, that question doesn’t need a answer if we include a volatility band in the TDI. Hell just add one in the main chart as well and we get good signals. Cheers

thank you, good idea
would seriously like to try something different
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  • #124,337
  • Sep 10, 2021 1:16am Sep 10, 2021 1:16am
Quoting kette
{quote} good morning thought you had a solid answer to this how to recognise this quickly tdi trade did not mean to interrupt stay healthy
You see, Kette, he has no "solid answer" for you. He is playing you to keep a dialogue going to get his ego strokes. It is not such a complicated answer: He had plenty of time on his hands to craft an initial reply to get you on the hook, and it even contained the essence of the answer. That fantasy family is a great prop for the narcissist to manipulate you.
To free Gazans of Hamas, use whatever it takes.
  • #124,338
  • Sep 10, 2021 1:20am Sep 10, 2021 1:20am
Quoting DrDave
{quote} You see, Kette, he has no "solid answer" for you. He is playing you to keep a dialogue going to get his ego strokes. It is not such a complicated answer: He had plenty of time on his hands to craft an initial reply to get you on the hook, and it even contained the essence of the answer. That fantasy family is a great prop for the narcissist to manipulate you.

I think manipulating is good, thank you, I won't ask any more questions.the point was how do I recognise gateways with the tdi.
  • #124,339
  • Sep 10, 2021 1:29am Sep 10, 2021 1:29am
First time in many years that a member (Tommy) managed to go by what BigE has posted.
- Refresh chart!!!!
- Did TDI cross over > Yes
- Green angle above 2 / below 4 > Yes
- Stoch confirm direction > Yes
>>>Apply post#647 as to how you understand those points mentioned.
-------
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...
Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES. That's what makes it work !
(could not get the ratio correct between the two charts)
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  • #124,340
  • Sep 10, 2021 1:37am Sep 10, 2021 1:37am
My hobby is to test indicators
how good they really are.
TDI is used by many, so I build a suitable one to see where I am wrong or right.
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