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Trading Made Simple

  • #134,661
  • Oct 19, 2022 7:37pm Oct 19, 2022 7:37pm
Quoting bitgiggy
Team - curious to hear your thoughts on this trade I just entered. Any constructive comments?

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{image}

why do you use the TDI Clone?

one of my favourite trade setup is the consolidation breakout

price action swing low and swing high seen with fractals, then the big candle and 3 small candles ... aka Master Candle,

the breakout is quite clear ...

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,662
  • Oct 19, 2022 7:40pm Oct 19, 2022 7:40pm
Quoting emmanuel7788
{quote} why do you use the TDI Clone? one of my favourite trade setup is the consolidation breakout price action swing low and swing high seen with fractals, then the big candle and 3 small candles ... aka Master Candle, the breakout is quite clear ... {image} ...

the full version of the TDI has a lot more information you can look at and prepare your trade plans,


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advanced PA entry with Stoch True REVERSAL candle setup

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,663
  • Oct 19, 2022 8:54pm Oct 19, 2022 8:54pm
Quoting bitgiggy
Team - curious to hear your thoughts on this trade I just entered. Any constructive comments? {image}
Quoting kirinda
{quote} Daily trend is down. You trading from resistance. The price tried to make new HH but failed. For me it looks good.

very clean analysis with TMS Kirinda

The price actions already set up the bias, and traders just need to wait for the TDI signals aligning with them

If someone needs using additional indicators or tools to make the trading decision, he has not yet learnt how to trade Trading Made Simple method and better study harder

Just keep it simple and not Trading Made Complicated

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  • #134,664
  • Oct 19, 2022 10:51pm Oct 19, 2022 10:51pm
Quoting emmanuel7788
{quote} why do you use the TDI Clone? one of my favourite trade setup is the consolidation breakout price action swing low and swing high seen with fractals, then the big candle and 3 small candles ... aka Master Candle, the breakout is quite clear ... {image} ... {image}
Not through any preference, I thought this is what was being used based on reviewing this thread. I will make the switch, thank you.
  • #134,665
  • Oct 19, 2022 11:04pm Oct 19, 2022 11:04pm
Quoting emmanuel7788
{quote} the full version of the TDI has a lot more information you can look at and prepare your trade plans, {image} advanced PA entry with Stoch True REVERSAL candle setup {image} ...
Very helpful, thank you.
  • #134,666
  • Oct 19, 2022 11:35pm Oct 19, 2022 11:35pm
Quoting emmanuel7788
{quote} why do you use the TDI Clone? one of my favourite trade setup is the consolidation breakout price action swing low and swing high seen with fractals, then the big candle and 3 small candles ... aka Master Candle, the breakout is quite clear ... {image} ... {image}

please show them with some examples and with a template
  • #134,667
  • Edited 12:44am Oct 20, 2022 12:34am | Edited 12:44am
Quoting kirinda
{quote} Daily trend is down. You trading from resistance. The price tried to make new HH but failed. For me it looks good.

"Daily trend is down. "

What I see is the Weekly is ranging to the downside...
the Daily shows correction waves or swings and Tuesday Oct18 was a bullish spinning top candle

H4 consolidates at RN9850 with a big candle and 3 small candles (Post#647) ... aka Master Candle and waiting for major data release and event driven smart money move

market sentiments is bearish with weaker euro and a stronger dollar

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,668
  • Oct 20, 2022 12:44am Oct 20, 2022 12:44am
GU H4 Oct20 London 6:40am

- you wont find any trades which will run 3 to 8 candles

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,669
  • Oct 20, 2022 2:31am Oct 20, 2022 2:31am
Closed out of my trade on the 6am (GMT) candle based on the curve of the green TDI (looks now to be crossing at the next candle close).

Profit is profit.
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  • #134,670
  • Oct 20, 2022 2:43am Oct 20, 2022 2:43am
Quoting oo7rai
{quote} please show them with some examples and with a template
Some examples?
> You are going to wait a long time.
> When it does happen it will be in hindsight. Have not seen once any price action posted here where it is done on the first bar right side of chart.
> Remeber that ithis s a trader that has been posting for many years that traders must dump TDI because it is such a bad indicator.
Now he give advice how to use that "bad" TDI indicator.
-------
You will be off by following only what BigE has posted in this thread. Post's by other members will only confuse you.

Trade well. oo7rai
  • #134,671
  • Oct 20, 2022 2:47am Oct 20, 2022 2:47am
GBPCHF setting up for a buy at close of the next candle.

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PA shows we are at a level of support

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Edit: Feedback welcome!
  • #134,672
  • Oct 20, 2022 3:39am Oct 20, 2022 3:39am
Quoting Tekkies
{quote} Some examples? > You are going to wait a long time. > When it does happen it will be in hindsight. Have not seen once any price action posted here where it is done on the first bar right side of chart. > Remeber that ithis s a trader that has been posting for many years that traders must dump TDI because it is such a bad indicator. Now he give advice how to use that "bad" TDI indicator. ------- You will be off by following only what BigE has posted in this thread....

"> When it does happen it will be in hindsight. Have not seen once any price action posted here where it is done on the first bar right side of chart. "

LOL @Tekkies

Can you predict the next bar(0) ?

Current candle is bar(0), if this candle closes in 23:18, and if this bar(1) is a BUEB I will make my trading decision based on Big E' Post#1


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,673
  • Oct 20, 2022 3:42am Oct 20, 2022 3:42am
Quoting bitgiggy
GBPCHF setting up for a buy at close of the next candle. {image} PA shows we are at a level of support {image} Edit: Feedback welcome!

I don't see any news/event that will move this pair during London session.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,674
  • Oct 20, 2022 3:47am Oct 20, 2022 3:47am
Quoting emmanuel7788
{quote} I don't see any news/event that will move this pair during London session.
Is a news event a pre-requisite? I didn’t factor this into any decisions previously…perhaps it’s something I missed?
  • #134,675
  • Oct 20, 2022 3:48am Oct 20, 2022 3:48am
Quoting Tekkies
{quote} Some examples? > You are going to wait a long time. > When it does happen it will be in hindsight. Have not seen once any price action posted here where it is done on the first bar right side of chart. > Remeber that ithis s a trader that has been posting for many years that traders must dump TDI because it is such a bad indicator. Now he give advice how to use that "bad" TDI indicator. ------- You will be off by following only what BigE has posted in this thread....
"TDI because it is such a bad indicator."

hey @Tekkies

TDI is a lagging indicator. It is not a bad indicator as you just said today.

IF you still think the TDI is a bad indicator after more than 6 years losing money trading TDI green cross red, then that is your problem. You still have not learned how to trade Price Action with a lagging indicator.

For your specific problem, Big E has a solution for you.

Read these below:

<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>>>>>>>>>>
Big E : you can trade without the TDI


Jan 20, 2011
#3044
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.

However, it's not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.


Feb 12, 2011
#3418
You can trade the 5 method without the TDI if it's a problem...

PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.

The TDI just gives me a lot more information for making my entries & exits decisions.


May 16, 2011
#2617
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

#296 (Nov 4, 2008)
I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.


<<<<>>>>>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,676
  • Oct 20, 2022 4:04am Oct 20, 2022 4:04am
Quoting emmanuel7788
{quote} "> When it does happen it will be in hindsight. Have not seen once any price action posted here where it is done on the first bar right side of chart. " LOL @Tekkies Can you predict the next bar(0) ? Current candle is bar(0), if this candle closes in 23:18, and if this bar(1) is a BUEB I will make my trading decision based on Big E' Post#1
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{image}

hey @Tekkies

we have a new bar(0) now

bar(1) is not a BUEB candle...

RSI green price line is flat and also the 5EMA is flat (...no bonus)

easy trade decision

Attachment g
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,677
  • Oct 20, 2022 4:36am Oct 20, 2022 4:36am
Quoting emmanuel7788
{quote} "> When it does happen it will be in hindsight. Have not seen once any price action posted here where it is done on the first bar right side of chart. " LOL @Tekkies Can you predict the next bar(0) ? Current candle is bar(0), if this candle closes in 23:18, and if this bar(1) is a BUEB I will make my trading decision based on Big E' Post#1 {image}
Yes Vincent, so you will.
That very post#1 you refer to also state that: The key to this method is the Traders Dynamic Index indicator for entries and exits.

Bit funny to refer to a post where the OP clearly state to use TDI for entries and exits.
> Are you really making your decision based on bigE's post#1?
>>Would not know and clearly don't give a damn.

Please, stop posting bullshit.
  • #134,678
  • Oct 20, 2022 4:46am Oct 20, 2022 4:46am
Quoting bitgiggy
GBPCHF setting up for a buy at close of the next candle. {image} PA shows we are at a level of support {image} Edit: Feedback welcome!
Look at the chart you posted.
What did BigE posted about consolidation?
Post#647> Am I in or close to a consolidation area

Don't look for a reason to trade that pair.
Get out and come back later when TDI show you a clear possible entry where you can see TDI green has a good angle above below 2/4
  • #134,679
  • Oct 20, 2022 5:18am Oct 20, 2022 5:18am
Quoting Tekkies
{quote} Yes Vincent, so you will. That very post#1 you refer to also state that: The key to this method is the Traders Dynamic Index indicator for entries and exits. Bit funny to refer to a post where the OP clearly state to use TDI for entries and exits. > Are you really making your decision based on bigE's post#1? >>Would not know and clearly don't give a damn. Please, stop posting bullshit.
"Are you really making your decision based on bigE's post#1? "

hey @Tekkies

we all know you lost money for 6 long years and you are upset. So please stop your toxic bullshit.

Read this para in Post#1

Post#1
<>
I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step.
<>

What time is this 4hr chart?

Attached Image (click to enlarge)
Click to Enlarge Name: EU Oct20 H4 bar(0) 1200 candle 20-10-2022 5-00-08 pm.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,680
  • Oct 20, 2022 6:23am Oct 20, 2022 6:23am
Quoting Tekkies
{quote} Look at the chart you posted. What did BigE posted about consolidation? Post#647> Am I in or close to a consolidation area Don't look for a reason to trade that pair. Get out and come back later when TDI show you a clear possible entry where you can see TDI green has a good angle above below 2/4

hey @Tekkies

Is that all you know about Post#647 and the TDI?

What about the rest of Post#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

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...
<>

What do you see on the Daily chart price action and the TDI?

Did you read what the OP Big E said about RSI green line exiting the blue lines?

What about that big Daily candle? and the small Daily candles after that?


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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