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Trading Made Simple

  • #128,741
  • Jan 18, 2022 10:54am Jan 18, 2022 10:54am
I could get used to this. In addition to the NZDJPY trade I posted about earlier I placed four others. I have just closed all of them. I'm still using a small lot size while I get used to it, but if I scale up I would have made around 3% for the day.

What I have done is trade a basket of trades. Instead of working with each one individually, I treat them as a collective, so if the total profit for my day (at or just before London market close) is anywhere above 2% I will close up for the day and sleep peacefully. I don't like holding active trades overnight if I can help it, so this approach is something that works for me very nicely. I have experienced this "basket trading" approach before with a system that generated a good number of trades in a day, say 5 to 7 trades. I have found that they would often all go into profit together but the longer I left them (to let my profits run) the more one of more would start losing steam and end up with a loss. When this happens it usually means that my total for the day almost never reaches what it was when they were all together.
  • #128,742
  • Jan 18, 2022 4:37pm Jan 18, 2022 4:37pm
Quoting Spudfan
{quote} Emmanuel, could you explain what it is about that big candle that you don't like? Thanks.
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with that big bar/candle at the time of your entry, the swing high was not confirmed.

it need two bars/candle after to close with lower highs for the fractal (high) to form and confirm a swing high.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,743
  • Edited 4:28am Jan 19, 2022 1:21am | Edited 4:28am
Quoting emmanuel7788
{quote} {image} with that big bar/candle at the time of your entry, the swing high was not confirmed. it need two bars/candle after to close with lower highs for the fractal (high) to form and confirm a swing high. {image}
Thank you. I don't use fractals, so is there anything using the theory of HA candles or plain PA that would signal caution around that big candle?

The reason I am asking is that it seems that a doji signals a trend change in most cases. [EDIT: Whenever there is a trend change, in most cases a doji appears at the change]. So I want to work out if there is something about those dojis that tells me more, for example are smaller ones less significant than larger ones etc?
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  • #128,744
  • Jan 19, 2022 1:38am Jan 19, 2022 1:38am
Quoting Spudfan
{quote} Thanks you. I don't use fractals, so is there anything using the theory of HA candles or plain PA that would signal caution around that big candle?
The basis of PA is the interaction between ranges and trends. If you trade a trend long, you watch out for Higher Highs, Higher Lows (swing points). If you trade short, you watch out for lower highs and lower lows. You also want to take a look at what the candles within the trends or ranges portray, are they small or large, do they have large bodies or large wicks (like the big candle in your trade)? So what does the big candle mean in you trade? It made a spike up and a spike down, meaning buyers were trying to push it up, but failed, and at the same time sellers were trying to push price down, but failed as well. So there is a price action stalemate and no clear direction. If I trade a setup, I want to have clear confirmed direction. These are my two cents. (correct me if I am wrong Emmanuel).
  • #128,745
  • Jan 19, 2022 4:42am Jan 19, 2022 4:42am
Quoting Ttxiii
Hey guys Had a question, do you think it would be possible to use currency strength with the TMS Strategy so you know whats in a trend or not? And how do you guys use HTF analysis with TMS? Like example: If you have entries on the 4H TF and you need to know the direction of the 1D TF can you guys explain how you guys do it and what do you use?
Hi Ttxiii,

I missed your PM.

You asked about the reason of not using HTF. It is because the HHHL, LHLL pattern is sufficient to obtain information of trend. If you trade like BigE where he catch a swing (he exited at any pullback), then the long term trend is not super important (he traded both trend following and countertrend). On the contrary, HTF can get in your way and miss some valid setups.

A few examples of trades following HHHL, LHLL. You have to develop your rules. It can be strictly following a rigid HHHL/LHLL pattern, or conditions where you can stay your bias at slight violation.

Remember I just showed you one PA elements, there are others you can apply in your trading
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Good luck.
  • #128,746
  • Jan 19, 2022 4:44am Jan 19, 2022 4:44am
Quoting tommydoginti
{quote} Hi Ttxiii, I missed your PM. You asked about the reason of not using HTF. It is because the HHHL, LHLL pattern is sufficient to obtain information of trend. If you trade like BigE where he catch a swing (he exited at any pullback), then the long term trend is not super important (he traded both trend following and countertrend). On the contrary, HTF can get in your way and miss some valid setups. A few examples of trades following HHHL, LHLL. You have to develop your rules. It can be strictly following a rigid HHHL/LHLL pattern, or conditions...
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  • #128,747
  • Jan 19, 2022 5:26am Jan 19, 2022 5:26am
Quoting Spudfan
{quote} Thank you. I don't use fractals, so is there anything using the theory of HA candles or plain PA that would signal caution around that big candle? The reason I am asking is that it seems that a doji signals a trend change in most cases. [EDIT: Whenever there is a trend change, in most cases a doji appears at the change]. So I want to work out if there is something about those dojis that tells me more, for example are smaller ones less significant than larger ones etc? {image}
price fractals are alway on your charts even when you do not use an indicator to show them.

the core of Big E' 5-Method is based on the Natural Flow of the Market forex system by Craig Harris and the swing highs and swing lows are with price fractals.

the True Reversal is based on 5 bars fractal ... with bars 1,2,3,4 and 5.
bar5 must always close above or below bar1.

without a true reversal as mentioned in Post#261, there is no trade setup. The TDI RSI green price line is just a filter to pick the price momentum of bar5.

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GJ H4 Jan 19

- lots of setups ... reversal and continuation, seen with the APB/HA candle turned off.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,748
  • Jan 19, 2022 5:36am Jan 19, 2022 5:36am
Quoting leekeyne
{quote} The basis of PA is the interaction between ranges and trends. If you trade a trend long, you watch out for Higher Highs, Higher Lows (swing points). If you trade short, you watch out for lower highs and lower lows. You also want to take a look at what the candles within the trends or ranges portray, are they small or large, do they have large bodies or large wicks (like the big candle in your trade)? So what does the big candle mean in you trade? It made a spike up and a spike down, meaning buyers were trying to push it up, but failed, and...
GJ H4 Jan 19

- now watch this H4 candle close and see if we have a setup

- it can be so simple ... just need DISCIPLINE to execute the trade setups


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,749
  • Jan 19, 2022 5:45am Jan 19, 2022 5:45am
Quoting emmanuel7788
{quote} GJ H4 Jan 19 - now watch this H4 candle close and see if we have a setup - it can be so simple ... just need DISCIPLINE to execute the trade setups {image} ...
Where can I find those indicators with the on/off ? thx
  • #128,750
  • Jan 19, 2022 5:50am Jan 19, 2022 5:50am
Quoting emmanuel7788
{quote} US30 Jan 14 trades closed - meet my daily target - closed shop now for early night. {image} ...

US Markets Jan 19 Daily

- nice pull back during London session

- can it move further up and close bull today?

> careful at NY 9:30am candle (Chicago open)

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #128,751
  • Edited 6:30am Jan 19, 2022 5:57am | Edited 6:30am
Quoting emmanuel7788
{quote} GJ H4 Jan 19 - now watch this H4 candle close and see if we have a setup - it can be so simple ... just need DISCIPLINE to execute the trade setups {image} ...
On H4 we have a buy signal from the TDI, but this pair is in a weak downtrend, several lower swing points, so I would assume this is either a short-tern buy or a sit-on-your-hands.

But the daily chart looks like price has reached (almost reached) a key level and is currently busy reversing. I have been watching this pair for a few days and have resisted buying.

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  • #128,752
  • Jan 19, 2022 10:59am Jan 19, 2022 10:59am
Question for Emmanuel:

Could you breakdown how you use the ADR trailing stop loss when you trade daily charts? I am having a hard time with the exits as there is so much discretion involved there. Having read the first 40 pages from Big E so far, my summary of Big E's exit rules are:

  1. TDI becoming flat
  2. Rollovers/Hooks
  3. Checkmarks
  4. TDI line crossing red line towards opposite trading direction (could be opposite entry signal sometimes)
  5. PA Ranging after multiple candles (e.g. small candles forming)
  6. Candles with long wicks in your trading direction (PA showing weakness and losing momentum)

Now here is the problem for me. When the TDI becomes flat or rolls over or when candles are ranging etc., I am never sure whether it's just some normal consolidation / pullback before the market continues in my direction, or whether a reversal is incoming. Therefore I would personally prefer a more mechanical exit rule such as a fixed trailing SL. Is your ADR trailing SL strategy something like that or do you have any suggestions for a fixed exit strategy?

I have a specific example as well. Look at the attached chart: So I am still in the AUDJPY daily chart based trade. I initially set the TP : SL ratio as 2:1. However now the market has started ranging and the TDI is flat. The question that keeps nagging me now is, should I exit or give it more time and just let it play out mechanically (either SL or TP hit) or set a more dynamic trailing SL? The amount of exit options make me indecisive about what to do.

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  • #128,753
  • Jan 19, 2022 11:14am Jan 19, 2022 11:14am
Hi Emmanuel,

Thanks for all your input on here. I've seen an APB on/off button on your screen. Can you point me in the right direction as to where to get it please. I can't seem to find it. I looked on the buttons link you posted...maybe I'm just missing it. It would be greatly appreciated. Thanks, mate.
  • #128,754
  • Jan 19, 2022 1:40pm Jan 19, 2022 1:40pm
After years of reading, testing and applying various Indicators and of course finding these Indicators around the globe, this is my 2022 System... Clean and simple to use.
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  • #128,755
  • Jan 19, 2022 4:17pm Jan 19, 2022 4:17pm
Quoting cpfleger
After years of reading, testing and applying various Indicators and of course finding these Indicators around the globe, this is my 2022 System... Clean and simple to use. {image}
Hi,
Your system looks really intresting ! Can you share some more ideas how to use it ? Do you use it only on D1.
I could not finde zee winner alert arrow, could you share it ?
Thanks in advance
  • #128,756
  • Jan 19, 2022 4:26pm Jan 19, 2022 4:26pm
Neil, as requested and enjoy.
Attached File(s)
File Type: ex4 ZWinnerAlert (Andrea).ex4   16 KB | 855 downloads
File Type: ex4 TDI Red Green.ex4   16 KB | 709 downloads
File Type: ex4 Pip Counter (Andrea).ex4   20 KB | 696 downloads
File Type: ex4 ATS V2.0 User.ex4   32 KB | 882 downloads
File Type: tpl Basic ATS V2.tpl   103 KB | 716 downloads
  • #128,757
  • Jan 19, 2022 4:44pm Jan 19, 2022 4:44pm
Neil, this system can be used on any TF but 1 hour and above gets the best steady results.
  • #128,758
  • Jan 20, 2022 12:20am Jan 20, 2022 12:20am
Quoting cpfleger
Neil, as requested and enjoy. {file} {file} {file} {file} {file}
Hi CPfleger,
Do you have instruction of how to use these indicators, ie. ATS, ZWinner
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
  • #128,759
  • Jan 20, 2022 2:30am Jan 20, 2022 2:30am
markrekt,
if possible watch on youtube ATS video's and if you have read Big Ed's pdf you will see the Blue Rectangle Boxes as Consolidation Areas (stay out of the market time) and the White and Green / Red Lines as opportunities to trade with Red or Green Arrows, follow the MA Line and when the candle Body touches the MA exit the trade. Practice on a Demo using 1 Hour TF firstly and then go upwards to the Daily to extend your new skill and pips.
  • #128,760
  • Jan 20, 2022 3:23am Jan 20, 2022 3:23am
Quoting cpfleger
markrekt, if possible watch on youtube ATS video's and if you have read Big Ed's pdf you will see the Blue Rectangle Boxes as Consolidation Areas (stay out of the market time) and the White and Green / Red Lines as opportunities to trade with Red or Green Arrows, follow the MA Line and when the candle Body touches the MA exit the trade. Practice on a Demo using 1 Hour TF firstly and then go upwards to the Daily to extend your new skill and pips.
Could you please send the links of video? Thanks in advance.
Trading TMS Classic Way - https://www.forexfactory.com/thread/1114833
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