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Trading Made Simple

  • #139,741
  • May 3, 2023 4:21am May 3, 2023 4:21am
Quoting Tekkies
{quote} According to Tekkies > What are you hiding that readers must not know!!!!! Post 139,706

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,742
  • May 3, 2023 4:25am May 3, 2023 4:25am
Quoting emmanuel7788
{quote} UJ May03 trades update - FO provide the setup - TP1 and TP2 closed Beautiful ! {image} ...

UJ May03 Trade update:

- taken TP3 ... Fantastic ! Go Go Go !

- and now it time to remove the EA and let the market decide if I get 100pips
Attached Image (click to enlarge)
Click to Enlarge Name: UJ May03 H1 trade update TP3 3-5-2023 6-50-10 pm.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,743
  • May 3, 2023 4:28am May 3, 2023 4:28am
Quoting emmanuel7788
{quote} Daily Bearish Piercing candle... > does not need TDI signal ... {image}
ok i didn't know that one
  • #139,744
  • May 3, 2023 4:29am May 3, 2023 4:29am
Quoting emmanuel7788
{quote} EC May03 trade update: - closed TP1 and TP2 {image} ...
EC May03 Trades closed

- trade stopped out by the CSTSL TP3 +20pips

- TP1 +10pips, TP2 +25pips

Attached Image (click to enlarge)
Click to Enlarge Name: EC May03 Trade updae Closed TP3 CSTSL 3-5-2023 6-52-10 pm.png Size: 21 KB


> now wait and see if there is another Higher High later





...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,745
  • May 3, 2023 4:00pm May 3, 2023 4:00pm
Quoting emmanuel7788
{quote} EC May03 Trades closed - trade stopped out by the CSTSL TP3 +20pips - TP1 +10pips, TP2 +25pips {image} > now wait and see if there is another Higher High later ...
EC May03 - traded closed before FOMC

- TP1 +10pips

- TP2 stopped out by CM EA Capital Protect +2pips

Attached Image (click to enlarge)
Click to Enlarge Name: EC May03 H1 trades closed TP2 CSTSL 4-5-2023 6-54-09 am.png Size: 20 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,746
  • May 3, 2023 4:05pm May 3, 2023 4:05pm
Quoting emmanuel7788
{quote} UJ May03 Trade update: - taken TP3 ... Fantastic ! Go Go Go ! - and now it time to remove the EA and let the market decide if I get 100pips

Attached Image (click to enlarge)
Click to Enlarge Name: UJ May03 H1 trade update TP3 3-5-2023 6-50-10 pm.png Size: 24 KB


{image}
UJ May03 trades closed

- NYO took out the last position at BE+2pips

- did a quick re-entry and 'set-and-forget' TP +72pips


Attached Image (click to enlarge)
Click to Enlarge Name: UJ May03 re-entry TP trade closed 4-5-2023 6-59-28 am.png Size: 20 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,747
  • May 3, 2023 4:10pm May 3, 2023 4:10pm
Quoting emmanuel7788
{quote} XAU May03 waiting for FOMC today... > +5R level is the ultimate target > that H4 setup is a rare gem these days ... it is named POP Gun not for nothing {image}
Attached Image (click to enlarge)
Click to Enlarge Name: XAU May03 2R locked for FOMC 3-5-2023 4-27-00 pm.png Size: 26 KB
XAU May03 FOMC better than expected

- +9R is a special bonus!

- better than my target of +5R

Attached Image (click to enlarge)
Click to Enlarge Name: XAU May03 FOMC 9R 4-5-2023 7-06-16 am.png Size: 24 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,748
  • May 4, 2023 1:31am May 4, 2023 1:31am
=== When TDI give a signal
> Refresh chart.
> Did TDI green cross red (green bounce red)
> TDI green angle above / below 2 / 4
> Is Stoch confirming TDI green direction
> Candle 1 or 2
===Use post#647 to confirm TDI signal
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As seen not all TDI crossovers will end in a profit.
Also on M5 you have to take inconsideration spread. It takes a huge bite out of any potential profit
Post#731............
The timeframe is 15min... I think there are 21 trades here...all winners (?)... Well if you were trading on a 15min and not paying close attention you would probably have a few losses... However if this was a 1hr/4hr chart even 1 candle produces many pips and gives you time to get out if necessary... with profit in hand... see the difference?
-----
Follow only BigE's advice in this thread how to trade with TDI and you will do good by yourself.
  • #139,749
  • May 4, 2023 1:59am May 4, 2023 1:59am
Quoting eelfranz
Training Chart.... Entries The timeframe is 15min... I think there ar 21 trades here...all winners (?)... Well if you were trading on a 15min and not paying close attention you would probably have a few losses... However if this was a 1hr/4hr chart even 1 candle produces many pips and gives you time to get out if necessary... with profit in hand... see the difference? Note the blue boxes on the chart... burn that into your mind... these are crap areas to enter any trade... when you see this go to another pair to find a clean entry/trade... Don't...
Read and Study Post#731 and take notes ...
apply the entire post content when you follow Big E' posts

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Attached Image (click to enlarge)
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,750
  • May 4, 2023 2:15am May 4, 2023 2:15am
Quoting Tekkies
=== When TDI give a signal > Refresh chart. > Did TDI green cross red (green bounce red) > TDI green angle above / below 2 / 4 > Is Stoch confirming TDI green direction > Candle 1 or 2 ===Use post#647 to confirm TDI signal {image} As seen not all TDI crossovers will end in a profit. Also on M5 you have to take inconsideration spread. It takes a huge bite out of any potential profit Post#731............ The timeframe is 15min... I think there are 21 trades here...all winners (?)... Well if you were trading on a 15min and not paying close attention...

a picture is worth one thousand words ...

Attached Image (click to enlarge)
Click to Enlarge Name: XAU May04 5minute 4-5-2023 5-11-15 pm.png Size: 27 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,751
  • May 4, 2023 3:07am May 4, 2023 3:07am
Hey everyone how are you doing.
I think it's been years already since I first discovered this thread, and how the basic concept changed the way I trade now.
This thread is now nearly four thousand pages and the way the system is being traded now has been pretty much interpreted with each own's, well, interpretation.

I feel like doing this so please allow me to summarize again the original way Big E used to trade, which truly resembles the name of this thread.
This is important because the original way is truly, Trading Made Simple.

So, I just re-read this thread again from page one, directly on FF and the pdf that's all over the internet, especially during the early years of the thread where Eric (Big E) emphasized the TDI very much (before he passed away, he's achieved the state of being able to trade without the TDI anymore).

We know that the entry triggers are:
1. TDI green crosses the red to the direction we want (preferably a strong cross, making sharp angle)
2. The candle changes color to the direction we want; must be the first or second candle
Also other price action-related things like how close we are to the next SnR, how big is the candle, etc. that Eric did not really mention in a detailed way to us because it has become second nature to him, that he unconsciously skipped this explanation (this is what I called the missing puzzle because the system itself isn't only about green crosses red)

We also know that the exit trigger is determined by how the TDI acts: is it becoming flat, is it making a sharp turn, etc.
Also, we know that he mainly trades the 4H time frame.

But the following are the three important aspects that a lot of people, as far as I observe, are missing:

  1. From the moment Eric opened a trade and closed it, the trade only lasted for a maximum of three candles.
    He opened trade at 10 PM Pacific (before sleeping), 2 AM Pacific, and closed all trades by 6 AM Pacific.
  2. Eric did not set any stop loss. Yes he occasionally did that, and he placed the SL before the recent high/low, but most of the time he did not do that. Even when he placed SL, he did not calculate the risk and the risk-reward ratio. Why?
  3. Because he only traded one full lot every time. No position size calculation.
    That's why he liked to close the trade if the price pulled back 10 pips or so.

Those three aspects are what making this trading system, TRADING MADE SIMPLE.
But those three aspects are the ones that people in this thread, in my opinion, are missing.
Hence the numerous interpretations and modifications...

By all means, I respect everyone here and the way they trade.
But after twelve years and nearly 4,000 pages later, I feel like I need to remind everybody of the original way of trading the system, and what makes this trading system, Trading Made Simple.

Have a good trading week, people. Peace out.

  • #139,752
  • May 4, 2023 3:58am May 4, 2023 3:58am
Quoting jpntrader
Hey everyone how are you doing. I think it's been years already since I first discovered this thread, and how the basic concept changed the way I trade now. This thread is now nearly four thousand pages and the way the system is being traded now has been pretty much interpreted with each own's, well, interpretation. I feel like doing this so please allow me to summarize again the original way Big E used to trade, which truly resembles the name of this thread. This is important because the original way is truly, Trading Made Simple. So, I just re-read...


Its going to be good!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,753
  • May 4, 2023 4:07am May 4, 2023 4:07am
Quoting emmanuel7788
{quote} a picture is worth one thousand words ... {image} ...
Attached Image (click to enlarge)
Click to Enlarge Name: Big E #11 May04 post.png Size: 60 KB



stay away from trading low timeframe M5

Attached Image (click to enlarge)
Click to Enlarge Name: XAU May04 M5 sideways 4-5-2023 7-03-27 pm.png Size: 22 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,754
  • May 4, 2023 4:28am May 4, 2023 4:28am
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all...

It is still Pacific 2AM 4hr trade window,

do you trade H1 during this 4hr trade window?

Attached Image (click to enlarge)
Click to Enlarge Name: XAU May04 H1 Pacifc 2Am 4hr 4-5-2023 7-26-23 pm.png Size: 25 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,755
  • May 4, 2023 4:59am May 4, 2023 4:59am
Quoting jpntrader
Hey everyone how are you doing. I think it's been years already since I first discovered this thread, and how the basic concept changed the way I trade now. This thread is now nearly four thousand pages and the way the system is being traded now has been pretty much interpreted with each own's, well, interpretation. I feel like doing this so please allow me to summarize again the original way Big E used to trade, which truly resembles the name of this thread. This is important because the original way is truly, Trading Made Simple. So, I just re-read...
Confirmed.
Post 64,386
  • #139,756
  • May 4, 2023 5:04am May 4, 2023 5:04am
Quoting emmanuel7788
{quote} Its going to be good!
Post 64,386 > "He's right. Reading through the older posts I've decided to go back to "bare bones" and trade the original TMS. Without adding "new" things to complicate it "

You are very good in doing that!!!
  • #139,757
  • May 4, 2023 5:08am May 4, 2023 5:08am
Quoting jpntrader
Hey everyone how are you doing. I think it's been years already since I first discovered this thread, and how the basic concept changed the way I trade now. This thread is now nearly four thousand pages and the way the system is being traded now has been pretty much interpreted with each own's, well, interpretation. I feel like doing this so please allow me to summarize again the original way Big E used to trade, which truly resembles the name of this thread. This is important because the original way is truly, Trading Made Simple. So, I just re-read...
the only reason why Big E trade the 4hr Pacific 10PM and 2AM is the time zone where he lived.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #2236.png Size: 31 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,758
  • May 4, 2023 5:10am May 4, 2023 5:10am
Quoting Tekkies
{quote} Post 64,386 > "He's right. Reading through the older posts I've decided to go back to "bare bones" and trade the original TMS. Without adding "new" things to complicate it " You are very good in doing that!!!

But how come you are losing money every year since 2016 for the past 7 years?

Please show us one year where you actually made money following Big E' posts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,759
  • May 4, 2023 5:51am May 4, 2023 5:51am
Quoting emmanuel7788
{quote} But how come you are losing money every year since 2016 for the past 7 years? Please show us one year where you actually made money following Big E' posts.
How come you refuse to show your real TE's?

According to Tekkies > What are you hiding that readers must not know!!!!!
Post 139,706
  • #139,760
  • May 4, 2023 5:58am May 4, 2023 5:58am
Quoting Tekkies
{quote} How come you refuse to show your real TE's? According to Tekkies > What are you hiding that readers must not know!!!!! Post 139,706
here we go again ...

hey thicko @Tekkies

I do not reveal my WINNING EDGE in a public forum. I am hiding my 'trading secrets' from long time loser and scammer like you.

I made this conclusion many years ago:

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.

...
You need to fill your void.
It is in this books by Ari Kiev.

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