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Trading Made Simple

  • #124,401
  • Sep 12, 2021 1:53am Sep 12, 2021 1:53am
Quoting 808
{quote} You won’t. You need to use “TDI - Traders Dynamic Index By TuanLouis”, which is in the indicator library. Those settings are 13,34,3,7 and need to be changed to 13,34,2,7. The 34 in that sequence refers to the blue volatility bands in the indicator, and if you wish to not see them, you will have to make them invisible in the settings. I tried to enter 0 in place of 34, but it automatically sets it to 3, which only contracts the blue bands closer to your red/green lines, and that is definitely not wanted. Hope this helps you.

Helps a lot, thank you for taking the time to help (as others have also)
  • #124,402
  • Sep 12, 2021 3:05am Sep 12, 2021 3:05am
Quoting emmanuel7788
{quote} 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...
Great Post Thank You

lots more to learn
  • #124,403
  • Sep 12, 2021 3:18am Sep 12, 2021 3:18am
PM Q&A

- another frequently asked question:
> which TDI to use?

Answer:
> I have tried many different versions when I start trading Big E' 5-Method 10 years ago.
> I still prefer the version used by Big E in Post#25 and it is the 'correct' version when you trade following his posts and his trading style. The price MOMENTUM RSI green price line slope is very important to pick an entry.

The way forward for new traders is to forward test both version starting on Monday Sep13. Place both versions on to your chart as your own forward testing chart
template.
on the price chart ... have the APB/HA candles and the 5EMA, Typical Price, Shift+2
in sub-window1 > Stoch (8,3,3)
in sub-window2 > the TDI RT (realtime version which updates on every price tick)
in sub-window3 > the TDI Post#25 ( this TDI updates the RSI green price line when the price bar closed)

Below is what my chart template looks like and you can compare both TDIs on this chart.
Note: both the TDI setting are the same, (13,0,34,2,1,7).

Using the TDI_Realtime, I have both the yellow MBL and blue VB to help look at the market conditions and to spot good trades and avoid trading into potential consolidation. I will explain with live market charts next week.


Below is another example

GBPUSD H4 Aug 01 to Sep 10,

Attached Image (click to enlarge)
Click to Enlarge Name: Gu H4 Aug01 to Sep10 TDI compare 12-9-2021 1-20-39 pm.png Size: 51 KB


#TDICompare#
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,404
  • Sep 12, 2021 3:32am Sep 12, 2021 3:32am
Quoting hasib
{quote} Hi Mr. emmanuel Are your ready to Buy US30, Wait and wait for better setup. And Selling Gold. This years all the bank and experts are saying buy the gold buy the gold. You know what happen to them Gold yearly target not yet hit, I am expecting it will move sharply towards the target.
hi hasib

NO. I am not ready to buy US30 anytime soon. Buying when the market made a al time high, I'll wait for the next corporate reporting and look for buy low opportunities. The same for S&P500.

At the moment I trade during the first 3 hours of the NYSE.

Keeping track of the Gold market and buy the new lows.

Market experts and analysts write biased stories based on who they work for. Banks on the other hand are the same based on their exposure.
I recall in Oct last year one of my bank CRM told me when I ask for 4Q Outlook, he said buy GBPUSP at 1.33 region and target 1.37. This happen to turn out good.
You have to know the people you can trust when you have money with them.

Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,405
  • Sep 12, 2021 3:44am Sep 12, 2021 3:44am
Quoting hasib
{quote} Yes, Davit, Trading Ranging market is a skill, Actually it is a Great skill. I appreciate your Range market trading Skill.

Big E traded only 2 candles - his 4hr 10PM, 2AM and close trades at 6AM.

Did he care about the Market Type - if trending or sideways ranging? I do not think he cared.

He has his conservative exit when he trade risking 15% to 30% of USD10,000 all in one single entry. Post#557

What about when he was trading the New York open session 1 to 3 hours. He would not trade before the news. He waited till after the new release then take any trade.

Did he trade the Daily and Weekly? Yes he did but he did not post many live trades. He posted a few trades showing the entry but if you look back to those posts and trades, not many went to profits. Why? You can do you own look back and see for yourself why many of his trades were losers if he has follow his TDI for exit.

So, what did I learn from his posts and trades and old chart?
I learned a lot when to trade and when not to trade.
I learned to use SMART Money Management and not to treat my hard earned retirement money like money I would take to Las Vegas.

Trade Safe.

Invest and Trade Wisely to Grow Wealth.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,406
  • Sep 12, 2021 3:55am Sep 12, 2021 3:55am
Quoting emmanuel7788
{quote} hi hasib NO. I am not ready to buy US30 anytime soon. Buying when the market made a al time high, I'll wait for the next corporate reporting and look for buy low opportunities. The same for S&P500. At the moment I trade during the first 3 hours of the NYSE. Keeping track of the Gold market and buy the new lows. Market experts and analysts write biased stories based on who they work for. Banks on the other hand are the same based on their exposure. I recall in Oct last year one of my bank CRM told me when I ask for 4Q Outlook, he said buy...
Hi emmanuel
I have observed historically US30 and S&P move lower in September and give nice Buying low opportunity.
In September Market move sharply lower. I will not buy but I will look for buying opportunity when I get my entry I will hold the trade for 10 to 20 days.
MA provides the market's current direction and strength.
  • #124,407
  • Sep 12, 2021 3:59am Sep 12, 2021 3:59am
Quoting tommydoginti
{quote} I got inquiry on the TDI indicator TradingView has one advantage of non-repainting indicators stays non-repainting, unlike MT4 where you need coding tricks to overcome it. Therefore, you do not need to follow #11 and refresh the chart everytime when new candle forms for correct analysis The TDI green red lines are constructed using the following indicators RSI Simple Moving Average Both take candle close value in the TDI. Once candle is closed, this candle becomes candle[1] and a new candle forms (candle [0]). The values of the green and...

hey Folks

and @tommydogie is still beating a dead horse here.

most traders who have been here since when Big E was alive and posting and after Big E stopped posting and died in 2012, have already went through at length and depth on this very old and ancient topic painting / updating and re-painting of the Traders Dynamic Index. In fact, Dean Malone the creator of his TDI had explained this issue many times in his trading room and in his members forum.

Fact remains the same: Big E in this thread use only MT4 for trading and he use only that same TDI version he got from CompassFX Dean Malone in 2006. That is the version in Post#25. Many of us knew throughout the years since 2010 that Big E got the later TDI versions too but he never mentioned the he use the newer versions.

If Big E traded live with his TDI in Post#25 and he made $500 to $1000 per evening, can you achieve the same with TradingView RSI with MAs?

Post#7555 Post#557
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,408
  • Sep 12, 2021 4:03am Sep 12, 2021 4:03am
Quoting hasib
{quote} Hi emmanuel I have observed historically US30 and S&P move lower in September and give nice Buying low opportunity. In September Market move sharply lower. I will not buy but I will look for buying opportunity when I get my entry I will hold the trade for 10 to 20 days.

there are several market KPIs in September month... corporate performance, employment data, retail sales , PMI , GDP, etc.

plus some unknowns we do not see like the invisible mutations of covid-19 ... Delta >Mu> ?????
who is starting the next big war?

good source is Kathy Lien.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,409
  • Sep 12, 2021 4:20am Sep 12, 2021 4:20am
One of the most common concerns I hear from traders is difficulty "getting to the next level". Many have a sense that they've made progress, but can't quite take that next step toward consistent, significant profitability.

A tremendous advantage of trading within a firm is that you have multiple potential role models for getting to that next level. Within trading firms, you have colleagues who can discuss ideas with you, help keep you positive and motivated during dry spells, and inspire you to greater accomplishment.

Within a firm, also, you get regular feedback on your performance, assistance with risk management, and recognition for accomplishment.

All of these things are lacking for most independent traders.

I do not trade for a firm, but my work as a trading coach/psychologist brings me in contact with many traders and trading institutions. I cannot tell you how much I've learned simply by being around experienced, skilled traders. In such environments, you cannot help but absorb some of their knowledge and wisdom.

Does one need to actually join a trading organization, however, to benefit from group interactions with other traders? The popularity of chat rooms and Web 2.0 trading communities suggests that independent traders are using the online medium to create "groupness" and some of the advantages of affiliation with other traders.

But why not carry that forward yet another step and create actual virtual trading groups? Certainly the technology is readily available (instant messaging, Twitter, online conferencing) to facilitate interactions between and among traders in real time. If a truly committed band of traders decided to openly share ideas and trades, learning from mutual successes and setbacks, the gains in performance for the whole could be far greater than anything that might be achieved in isolation.

Such virtual trading groups would not require investments of capital or added risk. The only demand would be complete and total openness with trades, trade ideas, and trading results--and a willingness to both learn and facilitate the learning of teammates.

To be sure, such groups would require the right kinds of participants: ones sufficiently experienced to offer value to others, ones sufficiently committed to putting time and effort into learning, and--perhaps most of all--ones sufficiently secure to maintain an open kimono and share all the successes, failures, lessons, and letdowns.

A while ago, I conducted real-time postings of market observations, including my own trade ideas and trades. I then hit upon the idea of offering readers the opportunity to take turns leading these sessions via the blog, so that we could all benefit from multiple role models, myself included. Between 2000 and 3000 unique visitors access TraderFeed daily. How many responses do you think I got to lead even just one trading session by posting real time comments?

One.

Given that result, it's perhaps not so surprising that we don't see more virtual trading groups.

The most painful part of my training as a clinical psychologist was having to play tapes of my sessions for my supervisors. Every mistake, every missed opportunity was laid bare; there was no escape. In group supervision, getting a student to volunteer their tapes was torture. After initial hesitance, I pushed myself to volunteer; the worse the session, the more I forced myself to put it out there for learning.

That's what it took for me to get to the next level as a psychologist.

And that, I suspect, is why so few traders make it to that next level.

Brett Steenbarger, Ph.D.
MA provides the market's current direction and strength.
  • #124,410
  • Sep 12, 2021 4:35am Sep 12, 2021 4:35am
Quoting emmanuel7788
PM Q&A - another frequently asked question: > which TDI to use? Answer: > I have tried many different versions when I start trading Big E' 5-Method 10 years ago. > I still prefer the version used by Big E in Post#25 and it is the 'correct' version when you trade following his posts and his trading style. The price MOMENTUM RSI green price line slope is very important to pick an entry. The way forward for new traders is to forward test both version starting on Monday Sep13. Place both versions on to your chart as your own forward testing chart template....
Who wants to solve this?

How do you avoid this TDI sell setup?

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 how tro avoid this TDI sell setup.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,411
  • Sep 12, 2021 4:39am Sep 12, 2021 4:39am
Quoting hasib
//// is why so few traders make it to that next level. Brett Steenbarger, Ph.D.



Dr. Brett Steenbarger has been my coach for many years and still is whenever I have doubts.

Attached Image (click to enlarge)
Click to Enlarge Name: Steenbarger 101 Daily Coach.png Size: 264 KB

a must have and within arm length reach on your book shelf in your trading room.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,412
  • Sep 12, 2021 4:54am Sep 12, 2021 4:54am
Post 124,408 How do you avoid this TDI sell setup?

Use what BigE posted
#647...... Does Stoch's confirm the TDI signal
Attached Image (click to enlarge)
Click to Enlarge Name: crap1.PNG Size: 24 KB
  • #124,413
  • Sep 12, 2021 5:05am Sep 12, 2021 5:05am
Quoting emmanuel7788
{quote} Who wants to solve this? How do you avoid this TDI sell setup? {image}
Hi, first post in this thread after a long time reading. It’s all very easy in hindsight but, id be cautious of that sell signal as the price has been trading within the range of the first red bar for some time. I see this as sideways movement, also, if we consider BigE’s tips on PA from many years ago, we could also say that the candles prior are small and the man himself would advise caution. I’d need to see a convincing break of that range, it’s also the first red bar, i’d have waited for the next candle to close hoping to see confirmation of the move rather than jump in on that very small spike generating the signal.

The stochastic made a large move for such a small movement in price, this rings alarm bells in my head but I’m quite new, perhaps you could let me know if I am right to be hesitant over that stochastic?

Looking forward to hearing your thoughts, and thank you for your ongoing contributions here which I have very much benefited from.

Paul.
  • #124,414
  • Sep 12, 2021 5:06am Sep 12, 2021 5:06am
Quoting emmanuel7788
{quote} Who wants to solve this? How do you avoid this TDI sell setup? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 how tro avoid this TDI sell setup.png Size: 57 KB


That little quiz above is easy to solve if you have been here back 2010 and have watch all the tutorial videos which Big E posted.

some of his posts with links to videos:

TDI Hidden Secrets
https://www.forexfactory.com/thread/...83#post3345383

More on the TDI
https://www.forexfactory.com/thread/...10#post3345410

for those wanting more info on Heiken Ashi, TDI and more:
https://www.forexfactory.com/thread/...34#post3345434

TDI Video...
https://www.forexfactory.com/thread/...29#post4510029

TDI without the red line... I'm going to stack TDI's and check it out...
https://www.forexfactory.com/thread/...93#post4404893


-----------------------------------------
#TDIVideos#
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,415
  • Sep 12, 2021 5:08am Sep 12, 2021 5:08am
Quoting Tekkies
Post 124,408 How do you avoid this TDI sell setup? Use what BigE posted #647...... Does Stoch's confirm the TDI signal {image}

and @Tekkies would have lost another trade.

Try again!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,416
  • Sep 12, 2021 5:10am Sep 12, 2021 5:10am
Post 124,403: Did he care about the Market Type - if trending or sideways ranging? I do not think he cared.

Of course he did!!!!
trending > #647..... Am I in an uptrend or downtrend.. short & long term...
sideways ranging > #647 ..... Am I in or close to a consolidation area

Be careful when members try to show how clever they are.

#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 !
  • #124,417
  • Sep 12, 2021 5:13am Sep 12, 2021 5:13am
Quoting UkSmurfy
{quote} Hi, first post in this thread after a long time reading. It’s all very easy in hindsight but, id be cautious of that sell signal as the price has been trading within the range of the first red bar for some time. I see this as sideways movement, also, if we consider BigE’s tips on PA from many years ago, we could also say that the candles prior are small and the man himself would advise caution. I’d need to see a convincing break of that range, it’s also the first red bar, i’d have waited for the next candle to close hoping to see confirmation...
hi Paul

very good!

You have some good chart reading skills and experience.

But there are a few very basic TDI secrets which Big E knew and we as late-starters to his thread did not learn.

When you have found many of the missing pieces of Big E Trading Made Simple puzzle and have them in the right place together, you will a view of the big picture.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,418
  • Sep 12, 2021 5:20am Sep 12, 2021 5:20am
Quoting Tekkies
Post 124,403: Did he care about the Market Type - if trending or sideways ranging? I do not think he cared. Of course he did!!!! trending > #647..... Am I in an uptrend or downtrend.. short & long term... sideways ranging > #647 ..... Am I in or close to a consolidation area Be careful when members try to show how clever they are. #1718 All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why... Everyone...

#463Limitations#

@Tekkies

You have done it again. Missing many more of the many pieces of Big E Trading Made Simple puzzle.

Keep on reading and re-reading again. Start with Post#1. Stop trading live and go back to Demo trading.
Trade a USD10,000 acount like Big E and when you can achieve making $500 to $1000 per evening in 1 to 3 years or your first 1,000 trades, then return to live trading with real money USD10,000.

>>>Start trading a Demo account until you build your confidence and only then consider switching to a live account...<<<
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,419
  • Sep 12, 2021 5:24am Sep 12, 2021 5:24am
Quoting emmanuel7788
{quote} Dr. Brett Steenbarger has been my coach for many years and still is whenever I have doubts. {image} a must have and within arm length reach on your book shelf in your trading room.

I just bought the audio because of u..have a great day
love ya
  • #124,420
  • Sep 12, 2021 5:24am Sep 12, 2021 5:24am
Does Stoch's confirm the TDI signal
>>>> No sell trade was placed

Vincent explain why "@Tekkies would have lost another trade"

Remember the question: How do you avoid this TDI sell setup?
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