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Trading Made Simple

  • #132,901
  • Jul 15, 2022 5:35am Jul 15, 2022 5:35am
Quoting tommydoginti
{quote} Hi jpntrader, Good to know you are getting some progress in trading BigE’s Trading Made Simple. Some feedback on your post 1. I don’t use moving averages, because they does not reflect the trend of current market. A 50EMA at current candle pointing down only means the price GENERALLY moved down. It has no information of more current price movement, not to mention no price level information. For #647, highs and lows can tell pretty clearly if the trend is up, down or sideways. They also provide information of significant price levels to expect...
Hi Tommy, thank you very much for the input.

Yes, price breaking EMA is usually TDI green crosses red as well, I am well aware of that.
EMA that I am using are:

  1. 50 EMA that is locked on the current TF I am in
  2. 50 EMA that is locked on 4H, no matter what TF I am in.

That way, if say, current TF EMA is constantly below 4H EMA, I only focus on taking shorts, haha. Because I know that the TF I am on aligns with 4H.
That is my method of focusing on what positions I should take (which of course, open for revision and improvement upon receiving advice from seniors).

Tommy, if you don't mind sharing, I would like to ask a bit further about your method.

  1. Do you do multi time frame analysis to form your bias? How do you come to conclusion that "okaay so on this pair I will focus on longs" and so on.
    Asking this because I know that your entry timing is the same as mine-- enter at the end of the retracement phase.
  2. On tradingview, which TDI indicator are you using? I forgot the name of the one that you're using when I saw your post pages ago, but as I remember, I could not find the same one as yours.
  3. What pairs do you usually trade? Also you execute on 15m, am I correct?
    (I know this has nothing to do with the system, I just feel who knows I could get some kind of reference on how many pair I should trade)

Thanks Tommy. Have a good Friday night.
(we're only an hour away).

  • #132,902
  • Jul 15, 2022 5:39am Jul 15, 2022 5:39am
Quoting tommydoginti
{quote} Your trading is really crappy. Stop making your trading complicated and with low accuracy. {image} Just follow BigE's Trading Made Simple #647 Simple price action such as Previous Highs and Lows --> Price levels Trend --> Bias Then just follow the TDI signals {image}
Hi guys,
I just jump into the thread so excuse me for questions possibly already ansewered after 6645 pages !
Currently trying to follow the rules, and regarding PA on the Aussie, I would have never buy around 0.67.
Could you please explain me how you've seen it @tommydoginti ?

thnaks in advance !
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  • #132,904
  • Jul 15, 2022 5:55am Jul 15, 2022 5:55am
Quoting emmanuel7788
{quote} I don't really like Heikin Ashi because it does not tell you exactly where you are at the market, so I add another candlestick layout to the right, just so I can see my exact location (but HA candle does give you that ease since it looks so simple). well, the HeikenAshi has its good features. but have you tried the OP' Synergy APB candles? {image} ...
Hi Emmanuel, no I have not tried it!
Also I am not sure if I understand that... Don't have any memory about APB candle being posted somewhere in this 6650-ish page long thread..
I could be absolutely wrong. Do you mind enlightening me?
  • #132,905
  • Jul 15, 2022 5:56am Jul 15, 2022 5:56am
Quoting MickaelFx
{quote} Hi guys, I just jump into the thread so excuse me for questions possibly already ansewered after 6645 pages ! Currently trying to follow the rules, and regarding PA on the Aussie, I would have never buy around 0.67. Could you please explain me how you've seen it @tommydoginti ? thnaks in advance ! {image}

experienced TMS price action traders would not buy at 0.67.

trading blindly the TDI green line cross red line and green line bounces off red line you can get lucky at times.

Post#647

- do not trade when in consolidation or near a consolidation

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> wait for the clear break of the consolidation area

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,909
  • Jul 15, 2022 6:27am Jul 15, 2022 6:27am
Quoting Alihelmy123
CHFJPY 4HOURS IF THE RECTANGLE AND TREND BROKEN THAT IS GOOD BETTER WAIT FOR THAT{image}CHF JPY DAILY ENGULFING BAR{image}{image}REMEBER EXIT MORE IMPORTANT THAN ENTRY WAIT UNTIL RECTANGLE AND TREND BROKEN THAT MORE SAFE I WELL TAKE IT NOW BECAUSE I NEED TO GIVE MARKET SMALL BRIBE OR HE GIVE ME MORE MONEY HE MY BOSS AND I KNOW HIM VERY MUCH
+145 PIP TILL NOW
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,910
  • Jul 15, 2022 6:40am Jul 15, 2022 6:40am
Eurusd 1 hour
i taked it after range broken
i put small stop loss
side way market is risk
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remeber exit more important than entry
Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,912
  • Jul 15, 2022 6:45am Jul 15, 2022 6:45am
US Markets looks a little bullish right now prior to the retail data release today.

The Weekly is still the same sideways wide range.

Be careful with the EST 9:30am candle range

Trade Safe and trade only setup which are 'low risk trading ideas'.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,913
  • Jul 15, 2022 6:48am Jul 15, 2022 6:48am
Quoting emmanuel7788
{quote} try this: https://www.forexfactory.com/thread/...5#post13739205
They want my credit card number to watch videos on Vimeo. Risky.
  • #132,914
  • Jul 15, 2022 6:51am Jul 15, 2022 6:51am
Quoting Alihelmy123
Eurusd 1 hour i taked it after range broken i put small stop loss side way market is risk {image} remeber exit more important than entry
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stop loss in small frames must be small
Because there many wrong setups and it may be return quickly what we can do when market give us a chance to big movement in our direction ok if dont give us go out quickly with small losses or profits
Remember it how to mange the trade
Cut your losses. Cut your losses. Then maybe you have a chance
  • #132,915
  • Jul 15, 2022 6:53am Jul 15, 2022 6:53am
Quoting iwan73
{quote} They want my credit card number to watch videos on Vimeo. Risky.

No credit card needed for public available videos.

I watched all the Natural Flow of the Forex Market videos when Big E posted the links in the first 20 posts in his old thread. That was before Craig Harris removed them and only make available to his students.

But some of the videos are either available in vimeo and youtube uploaded by other people.

https://vimeo.com/9720627
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,916
  • Jul 15, 2022 6:57am Jul 15, 2022 6:57am
GU M15 Jul 15 pre-NYO

- choppy now better wait for the best setup to show

- no 3R potential type setup then no trade

- no hindsight charts after the fact

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,917
  • Edited 3:10pm Jul 15, 2022 7:35am | Edited 3:10pm
Quoting jpntrader
{quote} Hi Emmanuel, no I have not tried it! Also I am not sure if I understand that... Don't have any memory about APB candle being posted somewhere in this 6650-ish page long thread.. I could be absolutely wrong. Do you mind enlightening me?
Average Price Bar (APB) indicator is nothing to be excited about. It's main purpose was yet another marketing gimmick to sell to naïve traders.

It is nothing more than Heiken-Ashi bars with some extra weight given to the close. In actual use, there is no significant difference whether you use APB or HA.
To free Gazans of Hamas, use whatever it takes.
  • #132,918
  • Jul 15, 2022 7:42am Jul 15, 2022 7:42am
Quoting DrDave
{quote} Average Price Bar (APB) indicator is nothing to be excited about. It's main purpose was yet another marketing gimmick to sell to naïve traders. t is nothing more than Heiken-Ashi bars with some extra weight given to the close. In actual use, there is no significant difference whether you use APB of HA.

The same for the Traders Dynamic Index created by the same person Dean Malone. Nothing to get all excited about the TDI.
Just a fancy name created to sell systems using the RSI data and apply moving averages to the RSI data. It was known as Fozzy-RSI since the time the RSI was developed by J Willes Wilder in the late 70s.

Any lagging indicator will work with price action trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #132,919
  • Jul 15, 2022 7:45am Jul 15, 2022 7:45am
Quoting DrDave
{quote} I don't really like Heikin Ashi because it does not tell you exactly where you are at the market Really, no need to know EXACTLY where you are in the market until you are zeroing in on a possible entry. Using "price smoothers", such as Heiken-Ashi bars, moving averages, etc., give you the ability to see the main direction at a glance. I have even shown that indicators ALONE--no price bars displayed--can be used to make good trade decisions with no EXACT knowledge of where the price is at the moment. At this point, I started to wonder if...
Hello DrDave, thank you for the input.

I will assume that you don't really understand what the TDI is telling you. That is, what the underlying calculations are. It is NOT another moving average or moving average derivative. That is why when the TDI and stochastic don't agree, you have reason to take notice.

I see, will pay more attention to this.
During my half a year or so of trying out this system, although not consistent enough, usually when price crosses 5 EMA, TDI and stochastic are also in agreement.
But they do seem to be in a disagreement sometimes, yes?

I will pay close attention. Thanks!
  • #132,920
  • Jul 15, 2022 7:47am Jul 15, 2022 7:47am
Just for training myself. Would you say this trade could be by the rules in 2h if TDI cross occurs ?
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