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Trading Made Simple

  • #137,041
  • Dec 12, 2022 7:16pm Dec 12, 2022 7:16pm
...
Quoting trumpaline
{quote} Thanks for this! So i should just follow this and this only? Since i cannot backtest this cos of the repaint issues, does anyone have any stats on the win rate and average RR ? Also why dont you guys move to discord? this thread is getting so messy and discord can group everything together into different topics

"Since i cannot backtest this cos of the repaint issues, does anyone have any stats on the win rate and average RR ?"

@trumpaline

I have said this many times. It is not a problem to trade with the TDI version in Post#25 with its re-painting issue. You can back-test and forward-test.

I have been trading with that same TDI during Big E time.

TMS MEME trades closed , same period Dec 11 closed.

Week 50 (closed 11 Dec)
Winning trades – 287
Losing trades - 75
Total pips : 22,126 pips
Average Win Pips : 76.8 pips
Average Win : $182.29
Average Lot Size : 0.3 std.
Average duration of trade : 5Days 5Hours


Attached Image (click to enlarge)
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,042
  • Dec 12, 2022 7:31pm Dec 12, 2022 7:31pm
Quoting DrDave
{quote} buy when TDI crossover + blue HA candle and vice versa. That was NEVER the way that BigE said to make an entry. He said: 1. Check if there is TDI green cross red. If no, stop right there and MOVE ON. IF yes, go to #2. 2. If this is the 1st or 2nd bar in your direction, go to #3. If it is more bars than that, stop and move on. 3. If you use the ema5 shift+2, if the bar has closed beyond the EMA and it is the 1st or 2nd bar in the direction, go to #4. If you don't use the EMA, go to #4. 4. Check various criteria such as prior bars, is this...

The OP Big E specifically said these:

#261
All in one same post ... "TDI is the heart of the method. etc. and ... use your brain..."

Attached Image (click to enlarge)
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Example: Stoch is confirmation of Swing High / Swing Low plus True REVERSAL

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,043
  • Dec 13, 2022 12:19am Dec 13, 2022 12:19am
TMS Monitor Dec13 EST1AM Pacific 10PM

- just looking at the H4 conditions it is going to be difficult during this 4hr trade window with Sydney closing, Frankfurt Opening, London Opening and Tokyo closing ....

- for H1 trading ... pick only the best setups with Price Action and Support/Resistance PA+SR

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Dec13 H4 and H1 PDT10PM 13-12-2022 2-00-44 pm.png Size: 31 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,044
  • Dec 13, 2022 1:14am Dec 13, 2022 1:14am
trading with the Demenent Trend is best
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MA provides the market's current direction and strength.
  • #137,045
  • Dec 13, 2022 1:49am Dec 13, 2022 1:49am
Quoting hasib
trading with the Demenent Trend is best {image}
So you did a comprehensive study trading the same method but using the Demenent Trend and at least 2 other trend indicators (you determined "best" so we know you used at least 3 in the comparison). That would be a great paper to read. Are you going to submit it for publication?

Are you going to post a pre-print on ForexFactory?

I have never heard of that trend indicator, so it is especially interesting to hear about something new.
To free Gazans of Hamas, use whatever it takes.
  • #137,046
  • Dec 13, 2022 4:19am Dec 13, 2022 4:19am
first trade of the morning and it's short EG
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the cautious seldom err....C
  • #137,047
  • Dec 13, 2022 4:50am Dec 13, 2022 4:50am
another short and it's EA
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the cautious seldom err....C
  • #137,048
  • Dec 13, 2022 5:20am Dec 13, 2022 5:20am
I moved my stop to b/e and was stopped out of EG, I have now gone long GU
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the cautious seldom err....C
  • #137,049
  • Edited 7:27am Dec 13, 2022 7:03am | Edited 7:27am
taken 30% off for some profit, will take another 20% off before CPI data
EDit: taken another 50% out instead of 20%
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the cautious seldom err....C
  • #137,050
  • Dec 13, 2022 1:26pm Dec 13, 2022 1:26pm
Not speaking to anyone in particular, but.......did Big E say take every good TDI cross, or did he ask traders to use context?
If you are good at something, never do it for free--Joker
  • #137,051
  • Dec 13, 2022 5:30pm Dec 13, 2022 5:30pm
When you see a TDI cross that doesn't look good... start checking other timeframes for the trade... look at other templates at different timeframes... do a thorough investigation before entering any trade. If you do this faithfully your win rate will increase dramatically... If its not quite ready put it on a watch list and go back and check it every 5,15 or 30 minutes...

Example

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,052
  • Dec 13, 2022 5:38pm Dec 13, 2022 5:38pm
IF... I had trades at: (Pacific Times)... 5 min. timeframe...

5:45am
6:20am
8:25am
10:05am
10:55am

I don't trade in market consolidation unless it's a breakout move.

Everyone who is really interested in becoming a good trader will have spent hundreds and hundreds of hours studying old charts to learn to read your candles and what their saying... and how they relate to your chosen indicator(s).

If you trade the Forex Market you will be in school every day because you not only have to develop an understanding of the market but you have to be fine honing your skills daily by reviewing old charts.... using the method you've chosen to trade. You cut class and you'll lose money.

Pick your pairs, pick your indicators and then learn how it relates with PA... and learn what the candles are telling you. I can't do that for you... you have to put in your time studying...

There are things I see and react to in every trade I can't teach you about because all my learning becomes a natural part of my trading habits. You develop the same thing after paying the dues... study.

If you can't find any trades... look at different timeframes and pairs. You'll find something wanting your attention.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,053
  • Dec 13, 2022 5:48pm Dec 13, 2022 5:48pm
Quoting eelfranz
A few days ago I subscribed to an alert program. It cost $100 a month. I can choose which pairs to watch AND which timeframes I want it to watch.

WHEN THERE IS A REVERSAL ON ONE OF THE PAIRS/TIMEFRAME i'VE SELECTED... i GET A BOX UP ON MY SCREEN ADVISING ME. iT DOESN'T MEAN TO TAKE THE TRADE BUT RATHER.. GO LOOK AT IT. iF IT LOOKS PROMISING I PUT IT ON MY WATCH LIST AND GO BACK to check on it's progress. Sorry for the caps...

[FONT=comic...
TMS Monitor is FREE!


Attached Image (click to enlarge)
Click to Enlarge Name: TMS mon Dec12 GU H4 and H1 12-12-2022 6-07-17 pm.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,054
  • Dec 13, 2022 6:13pm Dec 13, 2022 6:13pm
Today and tomorrow ... key events/news

- will lock-in my profits and start the holidays season

- end of calendar year 2022 but not end of 3-years-trading-cycle

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,055
  • Dec 13, 2022 6:18pm Dec 13, 2022 6:18pm
Quoting hasib
trading with the Demenent Trend is best {image}

I only knew Primary Trend as the Dominant Trend and that is good.

If there is something better, I would learn that too.

I shall leave the best till another time.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,056
  • Dec 13, 2022 10:57pm Dec 13, 2022 10:57pm
Not speaking to anyone in particular, but.......did Big E say to take every good TDI cross, or did he ask traders to use context?
  • #137,057
  • Dec 13, 2022 11:03pm Dec 13, 2022 11:03pm
Quoting emmanuel7788
¶When you see a TDI cross that doesn't look good... start checking other timeframes for the trade... look at other templates at different timeframes... do a thorough investigation before entering any trade. If you do this faithfully your win rate will increase dramatically... If its not quite ready put it on a watch list and go back and check it every 5,15 or 30 minutes...¶ Example {image}
Well, 7788, you are the only one who replied with an answer. It was well thought out. For that, I must concede credit where credit is due.
If you are good at something, never do it for free--Joker
  • #137,058
  • Dec 14, 2022 12:10am Dec 14, 2022 12:10am
TMS Monitor Dec14 EST1am Pacific 10PM

- H4 and H1

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #137,059
  • Dec 14, 2022 1:24am Dec 14, 2022 1:24am
Quoting jmn5611
Not speaking to anyone in particular, but.......did Big E say take every good TDI cross, or did he ask traders to use context?
use context.
#270..... pay close attention... check everything...
#276..... Those kind of things... being observant.
#701....This is all BASIC FX things you need to know and recognize...

Know for sure that BigE did not use charts that look like a christmas tree
  • #137,060
  • Dec 14, 2022 2:13am Dec 14, 2022 2:13am
this picture is worth one thousand words!

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Dec14 H4 and H1 LO 14-12-2022 4-08-04 pm.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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