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Trading Made Simple

  • #125,621
  • Sep 27, 2021 12:35am Sep 27, 2021 12:35am
Quoting emmanuel7788
{quote} TMS Monitor Sep 27 H4 Tokyo 2PM - this is my 2nd 4hr candle for the day ( also Big E 10PM PDT) - UJ H4 hook over from 3 to 11 - but against Daily and Weekly {image}

USDJPY Sep 27 H4

- TMS_V19 Information EA
> Weekly Trend 2/8 is bullish
> TDIC1 Daily is green
> 5EMA is neutral

- price action pull back from 110.79 Weekly

- Daily PA still above its 5EMA

- taking this H4 sell is risky

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep27 H4 Tokyo 2pm H4 V19 27-9-2021 1-29-32 pm.png Size: 100 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,622
  • Sep 27, 2021 12:55am Sep 27, 2021 12:55am
Quoting DrDave
{quote} TDI give early warning! Interesting remark, considering how many times you have bashed TDI as a LAGGING indicator!!

Fact: Traders Dynamic Index is a lagging indicator. Even its creator Dean Malone said so in his trading room.

You should spend more of your time and do more study and learn the RSI by Andrew Cardwell and John Hayden.

If you know the TDI by Dean Malone, then you can try solve this puzzle.

Attached Image (click to enlarge)
Click to Enlarge Name: Puzzle GU Sep 12 weekend 26-9-2021 8-38-56 am.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,623
  • Sep 27, 2021 1:18am Sep 27, 2021 1:18am
Quoting DrDave
{quote} I think many traders use indicators even if they understand PA. Yes! Even BigE said that he PREFERS to have the TDI displayed on his charts.
I agree with you. BigE'S Trading Made Simple is simple because it uses the TDI green and red line to complement basic Price Action analysis.

#647 are very simple Price Action analysis that looks at Price Behavior instead of some rigid patterns.
#2617 hints those PA is sufficient to plan a trade, with TDI as signal for 1) Save your screen time by no need to look at charts until the signal comes, and 2) Momentum kicks in as TDI cross/bounce stacks odds on your side as price has a clean move in trade direction as trades are open.

So I keep TDI green cross/bounce red as one primary confluence.



BigE's #647
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what
Attached Image (click to enlarge)
Click to Enlarge Name: 78f113d6869ff97c015ccc6aebf217dd.png Size: 140 KB
  • #125,624
  • Sep 27, 2021 1:38am Sep 27, 2021 1:38am
Quoting Lotuscamp
{quote} You're right, Emmanuel and this is so true and useful! What we need sometimes (not so rarely) is to catch the momentum / the real first sign candle, which is not necessarily the first green-crossing-red candle - which in a few moments in your image is already late - and OSMA oscillator is good for this (maybe accel. is much better, but we can't adjust its parameters). May I add a few words? About Stochastic: to many times in the recent years K is crossing D, but the trend remains bullish (or bearish). The market has changed a lot from 2011...
Hi Lotuscamp,

Some thoughts regarding your comments

What we need sometimes (not so rarely) is to catch the momentum / the real first sign candle, which is not necessarily the first green-crossing-red candle
That is exactly what BigE's TMS is about - Catching the momentum. You should notice BigE mentioned one way of trading is to enter before candle close. Price Action analysis should be the one "preceding" TDI signals (You can come to a conclusion of trading bias only referring to price/candle before the TDI signal) and then TDI itself gives confluence confirm momentum shift.

which in a few moments in your image is already late
BigE has mentioned here in this thread to enter trades before candle close as soon as seeing a TDI cross. It is down to your strategy development to how to make it happen. I do this and also at candle close (new candle open) depending on my availability.

and OSMA oscillator is good for this
OSMA of MACD uses moving averages that can reflect price exhaustion hence it is considered as a leading indicator by traders (2 lines of MACD are lagging though. read babypips.com). The drawback of applying it into BigE's Trading Made Simple is because TMS PA is leading, OSMA would overlap the role of chart PA. TDI is lagging but complement with TMS PA to complete the trading plans.
You can refer to my post #125132

About Stochastic: to many times in the recent years K is crossing D, but the trend remains bullish (or bearish).
I.E. I try to find out what can happen next using this analysis where you can see at least the very next estimated take-profit levels. So, for the Stochastic nowadays: what we must always look for is K crossing the most important Fibo levels also, let apart K crossing D, and that's what I meant to say in a post earlier in this thread
This indicates you do not understand BigE's Trading Made Simple as a Price Action trading method with aid of TDI.
Like some other traders here, you focus too much on indicators and EAs. You can trade with them but when you attempt to apply them TMS you are doing Trading Made Complicated.
  • #125,625
  • Sep 27, 2021 1:49am Sep 27, 2021 1:49am
GJ Sep 27 H4 at FO

- when you see this PA don't waste your time look for 4hr trade

- its a H4 big candle and small candle, this has a name Master Candle MC[3] its one way to see narrow raneg consolidation

- go look at another pair

- the TDI already given you the early warning few candle back



Attached Image (click to enlarge)
Click to Enlarge Name: GJ Sep27 H4 V19 FO 27-9-2021 2-45-15 pm.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,626
  • Sep 27, 2021 2:20am Sep 27, 2021 2:20am
Quoting jmn5611
{quote} Kirinda, welcome to the thread. TMS will always work because it is a price action based strategy, and price action will never change. Big E posted that the TDI is the heart of the system because it is convenient and serves as a tiebreaker if you are not sure what PA is doing. TMS is a great system for beginners until they can trade a naked chart.
You have made some very good points regarding BigE's Trading Made Simple.

it is a price action based strategy, and price action will never change
It echoes with Kirinda's post here. TMS's Price Action is a price behavior approach IMO according to BigE's market analysis and elements in #647.
Although not much in detail, but a couple other members posting here in TMS threads are using similar approach, such as pips29 and Wags .
Theirs and BigE's PA approach is looking at price movements, deducing and interpreting price movement and market condition based on simple things like previous high/low (price levels) and rejections (reaction at those levels). For instance, if price breaks out previous high but rejected quickly, then the interpretation is price cannot to higher and would go lower. It is a fake out.
But on a chart this can be a pin bar, a doji, engulfing candle, etc depending on timing and time frame. Note BigE did not refer to candlestick patterns (well, once, when he said pin bar did not work well).

Big E posted that the TDI is the heart of the system because it is convenient and serves as a tiebreaker if you are not sure what PA is doing
I totally agree with you. BigE used the TDI green and red lines for momentum which is exactly what the two lines are doing.

TMS is a great system for beginners until they can trade a naked chart.
It is up to the traders to move on to a naked chart method. But you get the point - As you progress in trading BigE's Trading Made Simple, the direction is to simplify the rules and charts, substitute with the understanding of price behavior. (#2617)
  • #125,627
  • Edited 3:27am Sep 27, 2021 3:03am | Edited 3:27am
Thank you for all good people that have replying to my post and answering my question
i'am still learning trying to get a full grasp of Mr.BigE method

however i took a sell trade on usdjpy today right at london open.
althought it is not looking good so far, but did I do right to open that sell trade or not?

here is the picture, i open the sell trade right after the red heiken is close
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 212 KB

sorry for any misspeling because english is not my first language
  • #125,628
  • Sep 27, 2021 3:26am Sep 27, 2021 3:26am
Quoting Tabary
Thank you for all good people that have replying to my post and answering my question i'am still learning trying to get a full grasp of Mr.BigE method however i took a sell trade on usdjpy today right at london open. althought it is not looking good so far, but did I do right to open that sell trade or not? here is the picture, i mark the time i open with a yellow vertical line {image} sorry for any misspeling because english is not my first language
Hi Tabary,

your entry at TDI green cross red down is aligned with TMS rule.

Applying #647 Price Action.
UJ is retesting previous high of 110.830 level after a while. The short term trend is up so you are taking a countertrend trade.

Do you have a plan on trading reversals? I would trade trend trading with fewer confluence but rarely enter a countertrend at first retest s/r. First retest shows very little information of whether price would be rejected by the level, esp it hasn’t breach it yet.
  • #125,629
  • Sep 27, 2021 3:26am Sep 27, 2021 3:26am
I've got 2 longs on UY
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.pDailya.png Size: 62 KB
the cautious seldom err....C
  • #125,630
  • Sep 27, 2021 3:33am Sep 27, 2021 3:33am
Quoting Tabary
Thank you for all good people that have replying to my post and answering my question i'am still learning trying to get a full grasp of Mr.BigE method however i took a sell trade on usdjpy today right at london open. althought it is not looking good so far, but did I do right to open that sell trade or not? here is the picture, i open the sell trade right after the red heiken is close {image} sorry for any misspeling because english is not my first language
Please pay more attention to your main(price) chart..what comes below are secondary
the cautious seldom err....C
  • #125,631
  • Sep 27, 2021 3:42am Sep 27, 2021 3:42am
Quoting Tabary
Thank you for all good people that have replying to my post and answering my question i'am still learning trying to get a full grasp of Mr.BigE method however i took a sell trade on usdjpy today right at london open. althought it is not looking good so far, but did I do right to open that sell trade or not? here is the picture, i open the sell trade right after the red heiken is close {image} sorry for any misspeling because english is not my first language

@Tabary

1) You did not follow the OP Big E posts and did not use his chart template. There is no Stochastics on your UJ H4 chart. Follow Post#261.

2) Today is BoJ Kuroda key speech about Japan economy and monetary policy statement. UJ rallied last week in anticipation.

3) How long have you been trading spot forex? Do you understand this picture?

Attached Image

my UJ chart looks like this when I trade Big E' 5-Method.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep27 TMS template 27-9-2021 4-32-47 pm.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,632
  • Sep 27, 2021 3:44am Sep 27, 2021 3:44am
Quoting Tabary
Thank you for all good people that have replying to my post and answering my question i'am still learning trying to get a full grasp of Mr.BigE method however i took a sell trade on usdjpy today right at london open. althought it is not looking good so far, but did I do right to open that sell trade or not? here is the picture, i open the sell trade right after the red heiken is close {image} sorry for any misspeling because english is not my first language
Quoting emmanuel7788
{quote} @Tabary 1) You did not follow the OP Big E posts and did not use his chart template. There is no Stochastics on your UJ H4 chart. 2) Today is BoJ Kuroda key speech about Japan economy and monetary policy statement. UJ rallied last week in anticipation. 3) How long have you been trading spot forex? Do you understand this picture? {image} my UJ chart looks like this when I trade Big E' 5-Method. {image}
When I turn on my Daily and Weekly candles on my H4 chart, I see the big picture Price Action.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep27 H4 with Daily candle 27-9-2021 4-34-50 pm.png Size: 44 KB

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep27 H4 with Weekly candle 27-9-2021 4-34-24 pm.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,633
  • Sep 27, 2021 3:50am Sep 27, 2021 3:50am
Quoting tommydoginti
{quote} Hi Tabary, your entry at TDI green cross red down is aligned with TMS rule. Applying #647 Price Action. UJ is retesting previous high of 110.830 level after a while. The short term trend is up so you are taking a countertrend trade. Do you have a plan on trading reversals? I would trade trend trading with fewer confluence but rarely enter a countertrend at first retest s/r. First retest shows very little information of whether price would be rejected by the level, esp it hasn’t breach it yet.

@tommydog

You make the same fundamental mistake all new traders to this thread made in the last 10 years years I have been here.

First, you have ignored Post#261.

And here is Post#647 complete :

Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,634
  • Sep 27, 2021 4:03am Sep 27, 2021 4:03am
Quoting emmanuel7788
{quote} {quote} When I turn on my Daily and Weekly candles on my H4 chart, I see the big picture Price Action. {image} {image}
see the market big picture with pipware charts

> I see price action higher high higher low + higher Close in H4, Daily and Weekly

>> I see Daily TDI green line crossed yellow line, also red line crossed yellow line

>>> I see Weekly TDI green crossed red ...

>>>> Now you study the Stoch(8,3,3) and learn why Big E used the Stoch.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep27 H4 pipware charts 27-9-2021 4-58-34 pm.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #125,635
  • Sep 27, 2021 4:06am Sep 27, 2021 4:06am
I thank you again for all the answer sir

@Tommy&Emmanuel
the trade end up a loss, and yes after i look at 1w and 1D chart, the trend is up
my mistake to go agains the trend >.< i didn't look at higher timeframe when i open the sell trade

@Emmanuel sorry i add it back the stocastic now, i remove it before because sometime the stocastic give me doubt
  • #125,636
  • Sep 27, 2021 4:44am Sep 27, 2021 4:44am
Quoting Tabary
I thank you again for all the answer sir @Tommy&Emmanuel the trade end up a loss, and yes after i look at 1w and 1D chart, the trend is up my mistake to go agains the trend >.< i didn't look at higher timeframe when i open the sell trade @Emmanuel sorry i add it back the stocastic now, i remove it before because sometime the stocastic give me doubt
Removing indicators is the way to progress in Trading Made Simple.

Just like pips29 mentioned, use the information of the price chart, not indicators or EAs.

I also trade a lot countertrend, even in direction of main trend I trade reversals. Just as mentioned I am more aggressive when trading with main trend.

TDI cross are countertrend signals

trade well
  • #125,637
  • Sep 27, 2021 6:01am Sep 27, 2021 6:01am
protecting both entries at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.pH1.png Size: 52 KB
the cautious seldom err....C
  • #125,638
  • Sep 27, 2021 6:04am Sep 27, 2021 6:04am
Quoting Tabary
Thank you for all good people that have replying to my post and answering my question i'am still learning trying to get a full grasp of Mr.BigE method however i took a sell trade on usdjpy today right at london open. althought it is not looking good so far, but did I do right to open that sell trade or not? here is the picture, i open the sell trade right after the red heiken is close {image} sorry for any misspeling because english is not my first language
Follow BigE's advice.
Post#1.... I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else
Post#121..... The TDI and Stochs are giving opposite signals
Post#261..... Stochs is nothing but confirmation. If Stochs & the TDI give different signals... lights flash off and on warning me to take a closer look before entering..
Post#647... Does Stoch's confirm the TDI signal

> Using post#25 TDI refersh chart before when new bar has opened before looking at chart.
Looking back in hindsight Stoch did not confirm direction.
Attached Image
  • #125,639
  • Sep 27, 2021 6:47am Sep 27, 2021 6:47am
A small trade on EU 1H. Yes, it's into support but the last reaction to the support was weak.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 57 KB
  • #125,640
  • Sep 27, 2021 7:30am Sep 27, 2021 7:30am
Quoting Tekkies
{quote} Follow BigE's advice. Post#1.... I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else Post#121..... The TDI and Stochs are giving opposite signals Post#261..... Stochs is nothing but confirmation. If Stochs & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. Post#647... Does Stoch's confirm the TDI signal > Using post#25 TDI refersh chart before when new bar has opened before looking at chart. Looking back in hindsight Stoch did not confirm...

@Tekkies

Are you sure? You are pointing to last Friday H4 candle. Your broker different server time and has a Sunday candle.

Tabary' trade is today Sep 27 H4 candle.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies replry to Tabary 27-9-2021 8-23-38 pm.png Size: 121 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Tabary UJ H4 trade 27-9-2021 8-33-22 pm.png Size: 446 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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