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Trading Made Simple

  • #124,361
  • Sep 10, 2021 4:42am Sep 10, 2021 4:42am
Quoting tommydoginti
{quote} Just want to understand your goal would be, in the order of code execution. 1. price cross a price level 2. TDI cross within n bars after price cross level 2a. TDI green line slope 3. HA candle #1 or #2 upon colour change 4. candle size filter 1. Bool() to activate alert cross price level 2. Countdown system with manual code for new candle detection 2b. TDI green line value change btw candle[1] and [0] 3. Count up system to 2 4. Background calculation and bool() on tick or upon candle close interesting idea. Something to practice coding...
To keep you busy over the weekend, the code looks like Pine-script.
https://www.wisestocktrader.com/indi...-amibroker-afl

Quoting kirinda
{quote} My wish list for alert: -HA candle size based on ATR when cross or bounce -RSI price line slope filter (Green line). I think this is similar to candle size -TDI crossing from a level (price touch the level and we got a cross N candles afterwards) -TDI crossing must be on HA candle #1 or #2 -crossing after candle close or current candle -And of course alert message box/sound/email/Notification -Calculate lot size based on ATR for stop loss: nice to have when you get a message to the mobile phone. I have not seen any TDI alert indicators that...
Post 14 > -TDI crossing must be on HA candle #1 or #2
(Read the whole thread)
  • #124,362
  • Sep 10, 2021 5:04am Sep 10, 2021 5:04am
Quoting DrDave
{quote} The gentleman who started this thread would I imagine be pleased it lives on. Indeed, BigE would be pleased that the thread itself lived on if it continued in the manner that he said he wanted it. But alas, it quickly was perverted into some unrecognizable beast with all of the things that BigE rejected: EAs, more indicators, ideas from other systems, and on and on. I started at thread 1 but as you all know there are thousands. Just continue from post#1 until BigE died. That is all the information needed. Most of the posts after that are...
Thank you for your reply
  • #124,363
  • Edited 5:50am Sep 10, 2021 5:04am | Edited 5:50am
Quoting tommydoginti
{quote} Just want to understand your goal would be, in the order of code execution. 1. price cross a price level 2. TDI cross within n bars after price cross level 2a. TDI green line slope 3. HA candle #1 or #2 upon colour change 4. candle size filter 1. Bool() to activate alert cross price level 2. Countdown system with manual code for new candle detection 2b. TDI green line value change btw candle[1] and [0] 3. Count up system to 2 4. Background calculation and bool() on tick or upon candle close interesting idea. Something to practice coding...
1. Bool() to activate alert cross price level
No, you drag an line (horizontal or trend) on the price chart and give it a name that can be detected by a indicator

2. TDI cross within n bars after price cross level
Yes, if you get a strong response on the level it will be a few candles. You can also have a touch of a level in addition to cross.

Edit: The candle count is not needed. But the point of using it that you can use the count to filter out that you only get
alert when you get strong reaction from a level. F.eks. if you set the count to 2 you only get alert when price move strongly from a level.
BTW, this candle count have nothing to do with the BigE rule entry on HA candle 1 or 2.

Alternatively, you can use two lines. For example: If the price touch or cross the first line from below and do not
close above the second line, and we then got a TDI cross to the downside (reversal from an area) we got an alert.

2b. TDI green line value change btw candle[1] and [0]
The TDI green line slope have nothing to do with 1. and 2. It is an extra filter for strength. It can be calculated from the difference from
candle[1] and candle[0] (current candle), or from candle[2] and candle[1].
The point that you in the indicator should decide if the TDI-crossing is working on the candle close or the current candle.

3. Count up system to 2
Yes, the TDI crossing needs to be within 2 HA candles after HA color change. BigE rule.

4. Background calculation and bool() on tick or upon candle close
Can be at candle close or current candle (f.eks. current candle break a ATR threshold). You can use a bool to decide
to use candle close or current candle.


Something to practice coding but I code alerts on TradingView so... consider learning some coding?

I think you can do this on TradingView for PC. I do not know if there is a free version for PC that you can program. I can modify some code in mql4 but maybe later this year.
  • #124,364
  • Sep 10, 2021 5:06am Sep 10, 2021 5:06am
Quoting tommydoginti
{quote} #120591 I got PM inquiry on how to setup the TMS chart on TradingView. Stoch and 5ema are optional indicator and they are built-in indicator available on Trading View. TDI Red/Green line: They are in fact RSI(13) MA(2) and MA(7), You can verify it by looking at source code of TDI Green Red .mt4 source code. You can use the "TDI - Traders Dynamic Index by TuanLouis" by searching for this name in the Trading View Public library. For HA candles, I recommend to overlay HA candles on traditional candlestick chart just like doing it on MT4. To...
Very helpful, thank you so much
  • #124,365
  • Sep 10, 2021 5:19am Sep 10, 2021 5:19am
Quoting Tekkies
{quote} To keep you busy over the weekend, the code looks like Pine-script. https://www.wisestocktrader.com/indi...-amibroker-afl {quote} Post 14 > -TDI crossing must be on HA candle #1 or #2 (Read the whole thread)
That was I meant, but my English is not so good so it's got it wrong when I wrote it.
  • #124,366
  • Sep 10, 2021 6:38am Sep 10, 2021 6:38am
Quoting emmanuel7788
{quote} GBPUSD Sep10 London Open > add-on 1 position with banked-in profit... "Free Trade" > target BRN 1.3900 > Last Week' high to the farther left. > potential new WCC this week if this week closes above last Week's high , wait for London Close tonight {image}
GBPUSD Sep10 Trade Update 30mins to NY Open

- I know some of you have negative thoughts about these trades.

- First the PPA seen farther left (red rectangle)

- My focus has been on the LO candles 1 and 2 yellow arrows. Those are wide range bar/candles and can attract price retracements but there were no sellers so the bulls held on.

- the danger I see was when the H1 fails to make higher high with higher Close.

- observe the HA candles, they got smaller but did not change phase.

- anyway, both trades are protected and it is a win situation ... FREE TRADES with banked profits.

- now is the fight the devil inside the trader ... FEAR and GREED.


Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep10 H1 trade update pre-NYO 33mins 10-9-2021 7-26-18 pm.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,367
  • Sep 10, 2021 7:02am Sep 10, 2021 7:02am
Quoting emmanuel7788
{quote} GBPUSD Sep10 Trade Update 30mins to NY Open - I know some of you have negative thoughts about these trades. - First the PPA seen farther left (red rectangle) - My focus has been on the LO candles 1 and 2 yellow arrows. Those are wide range bar/candles and can attract price retracements but there were no sellers so the bulls held on. - the danger I see was when the H1 fails to make higher high with higher Close. - observe the HA candles, they got smaller but did not change phase. - anyway, both trades are protected and it is a win situation...

GBPUSD Sep10 H1 New York Open

- another setup for long

- do your own risk analysis and decide..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Sep10 H4 V19 10-9-2021 8-03-59 pm.png Size: 96 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,368
  • Sep 10, 2021 7:32am Sep 10, 2021 7:32am
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

the TDI with just two lines has its limitations.
it is better to use the full version with the yellow and blue volatility band as filters for the trade direction.

even with the full version on your chart, you still cannot easily see what the market type is.
you wont know if the dominant trend is down or up,
or if the market is making a bullish retracement/correction when the major trend is down .
the TDI is not able to show if there is a change from down trend to up trend after the retracement/correction.

an indicator which can show the convergence and divergence in price is a possible add-on filter.
TSI is basically moving averages of the RSI data and John Hayden' book explains many good and bad of using these moving averages on RSI data.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD M30 kette question.png Size: 56 KB


but the TDI red green lines can be used as 'smart TDI' for multiple entries.

just by a quick test of that M30 period you highlighted, it can be profitable if I filter the major trend with 2 higher TFs and the depth of the retracement/correction swings.

Attached Image (click to enlarge)
Click to Enlarge Name: EN Sep 06 to 09 smart TDI 10-9-2021 7-40-06 am.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,369
  • Sep 10, 2021 7:39am Sep 10, 2021 7:39am
Quoting DaNang111
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
hi DaNang111,

Welcome to Big E' thread.

Congratulations on making the important decision to learn to trade the market and chosen to start your trading journey with Big E in Forex Factory.

I will spend some time next week to help you and also others here with more materials and resources so that you can move along quickly with us here.

In the meantime, below is a summary for your quick start.

Introduction to Trading Made Simple aka TMS

To learn what Trading Made Simple is, you have to follow the trading journey of the OP eelfranz aka Big E. He started in FF as a newbie in 2008.
Know the TMS history and you will learn a lot from the OP and when you have mastered his 5-Method, you can then move on and develop your own trading system following how he did his. Many traders have moved on to trade their own systems.

Trading Made Simple for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110

Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,

After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432

In Post#1, he explained how he traded the H4 chart timeframe and he also traded the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template Post#25
When you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHS thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new system.

Recommendations:
Read all of Big E posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.

Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.

Important to Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

Big E was a rules-based discretionary trader. According to studies by Dr Van K Tharp this rules-based discretionary are the best traders,

Enjoy and Have fun during your learning journey...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,370
  • Sep 10, 2021 7:49am Sep 10, 2021 7:49am
Quoting emmanuel7788
{quote} hallo kette the TDI with just two lines has its limitations. it is better to use the full version with the yellow and blue volatility band as filters for the trade direction. even with the full version on your chart, you still cannot easily see what the market type is. you wont know if the dominant trend is down or up, or if the market is making a bullish retracement/correction when the major trend is down . the TDI is not able to show if there is a change from down trend to up trend after the retracement/correction. an indicator which can...

thank you
I will buy this tdi
  • #124,371
  • Sep 10, 2021 9:11am Sep 10, 2021 9:11am
Quoting emmanuel7788
{quote} US30 we look for MOMENTUM sell, sell, sell.. {image}

US30 Sep10 NYSE

- M5 PASR stopping volume

- MOMENTUM sell sell sell
Attached Image (click to enlarge)
Click to Enlarge Name: US30 Sep10 NYSE.png Size: 20 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,372
  • Sep 10, 2021 9:15am Sep 10, 2021 9:15am
Quoting kette
{quote} thank you I will buy this tdi

you are welcome.

this book comes free...

RSI: The Complete Guide by John Hayden click to [download]

Trend Determination using the RSI (TDI)click to [download]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,373
  • Sep 10, 2021 9:20am Sep 10, 2021 9:20am
Quoting emmanuel7788
{quote} US30 Sep 09 Trade closed. > TP $1858 > meet Big E daily target USD500 to USD1000 per evening (Post #7555) > {image}

US30 Sep 10 Trades closed

- $2125

Life is Great being able to trade the markets.

Attached Image (click to enlarge)
Click to Enlarge Name: US30 Sep 10 trade closed 10-9-2021 10-12-34 pm.png Size: 148 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,374
  • Sep 10, 2021 9:51am Sep 10, 2021 9:51am
In your learning to trade journey as well as in other aspects of life, you will encounter a variety of personality types. An especially troublesome one for most people is the narcissist. He can wreak havoc on your trading journey.

Look for these 8 phrases in the narcissist's bag of toxic tricks.
Rebecca Zung, lawyer specializing in negotiations

You can trust me.
Typically uttered in response to something where the other person is feeling like the narcissist cannot be trusted.

Stop interrupting/attacking me.
A project-and-deflect tactic.
Typically occurs when the other person has caught the narcissist in a lie or the person is trying to make a logical point or to obtain something from the narcissist.

I don't like the way that you said that.
Another project-and-deflect tactic. The focus is deflected from the real subject to the manner in which it was presented.

I never said that. I have no idea what you are talking about.
Gaslighting. (Someone leads you to question your own reality/sanity.)
The narcissist has learned that this weakens and destabilizes the other person by making him stop and question himself.

No one else ... thinks that/does that/says that/believes you, etc.
An attempt to demonstrate his popularity with everyone except you, and that you are the only one against him.

Everyone else ... thinks that I am right/the smartest/popular/special/fantastic/kind/generous etc.
Another attempt to demonstrate his popularity with everyone except you, and that you are the only one against him.

Always
A positive absolute.
Used to make the narcissist feel superior while attempting to make the other person feel inferior.
An attempt to be in control.

Never
A negative absolute.
Used to make the narcissist feel superior while attempting to make the other person feel inferior.
An attempt to be in control.
To free Gazans of Hamas, use whatever it takes.
  • #124,375
  • Sep 10, 2021 10:59am Sep 10, 2021 10:59am
Quoting tommydoginti
{quote} {image} Price struggling to reach major resistance (previous high). Order block to be filled. 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}
Good rejection exceeding immediate previous high but not the one on HTF. reversal is possible next week if breaching previous low.
BE+ with aggressive TP. just let it run.
Have a nice weekend everyone.

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

Attached Image (click to enlarge)
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Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit with your analysis. Trust your analysis as a TMS trader

#1718
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 !
  • #124,376
  • Sep 10, 2021 11:25am Sep 10, 2021 11:25am
Quoting tommydoginti
{quote} Good rejection exceeding immediate previous high but not the one on HTF. reversal is possible next week if breaching previous low. BE+ with aggressive TP. just let it run. Have a nice weekend everyone. 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...
reversal is possible next week if breaching previous low.
As it stands now, not a problem if the previous low gets broken on H1 (and H2) because it is highly likely this down swing is the start of an H4 retracement before an up continuation.
To free Gazans of Hamas, use whatever it takes.
  • #124,377
  • Sep 10, 2021 2:18pm Sep 10, 2021 2:18pm
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
RickM, Let me remind you TDI yellow line repaint

Cheers
MA provides the market's current direction and strength.
  • #124,378
  • Sep 10, 2021 2:24pm Sep 10, 2021 2:24pm
Quoting tommydoginti
{quote} I don’t think it is looking good at all. Why buy AJ into range high when price is just rejected from previous high with reversal setup? It’s a double top You are addicted to drawdown, losing trades with SL or what? please do not exert self-sabotage. We don’t want to see traders like that {image}
Please how did install your TDI in ur trading view pls?
  • #124,379
  • Sep 10, 2021 3:58pm Sep 10, 2021 3:58pm
Quoting emmanuel7788
{quote} US30 Sep 10 Trades closed - $2125 Life is Great being able to trade the markets. {image}
Wow very nice profit I thinks it's not your daily goal.

Keep us guide in this but I have a very important question which I need you to text me because I cannot .

Thanks
  • #124,380
  • Sep 10, 2021 9:32pm Sep 10, 2021 9:32pm
Quoting zunnoorain
{quote} Wow very nice profit I thinks it's not your daily goal. Keep us guide in this but I have a very important question which I need you to text me because I cannot . Thanks

You can make money everyday but you need to look longer term. Do not be fired up and be attracted to a few weeks and months of people showing only high win rate and post only profitable trades.

Do you want to make an average USD1,000 per day over a 3 years /36 months period?

Most people would want to and answer > YES.

But, first you need to do what Big E did for 2 years 2006 and 2007.
He spent 6,000 hours and 7 days a week for 2 years.
How many hours can you commit yourself to trading in the next 2 to 3 years?
Can you spend 3 to 5 hours every day for the next 2 to 3 years?

https://www.forexfactory.com/thread/...80#post3301780

Big E:

"My first couple of years in forex I invested over 6,000 hours just studying charts 7 days a week. I'm retired."
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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