Trading Made Simple | Page 6996 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #139,901
  • May 9, 2023 3:17am May 9, 2023 3:17am
Quoting korosh1350
{quote} why you refresh chart?tdi move with price long time aga it was needed to refresh
That is what TDI showed me when I switched on the computer and opened MT4 this morning.
-----
Post#25 TDI update on bar close. When TDI gives a set up signal while you looking at your charts with TDI running refresh the chart (change timeframe ).
If the TDI crossover is still there make sure that you can see green clearly on the other side of red with a nice angle above/below 2/4.
Only then can you consider to apply the rest of post#647 basic price action to that TDI signal.
- Candle 1 or 2
- Momentum (above/below 2/4)
- Stoch confirm direction
- Look left for:
-- support/resistance levels.
-- trend direction
-- Candle size
-- What side are the wicks / how long or short they are
-- Consolidation
-- Candle patterns
and the list goes on and on.
----
Post#11.... 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 pc 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 trades at that time and go back to sleep...

Post#115.... A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
  • #139,902
  • May 9, 2023 3:52am May 9, 2023 3:52am
Quoting Tekkies
{quote} That is what TDI showed me when I switched on the computer and opened MT4 this morning. ----- Post#25 TDI update on bar close. When TDI gives a set up signal while you looking at your charts with TDI running refresh the chart (change timeframe ). If the TDI crossover is still there make sure that you can see green clearly on the other side of red with a nice angle above/below 2/4. Only then can you consider to apply the rest of post#647 basic price action to that TDI signal. - Candle 1 or 2 - Momentum (above/below 2/4) - Stoch confirm direction...
TMS Folks

Don't let @Tekkies the FakeTMSTeacher add more confusion than there is already.

The OP made it very clear is his posts. Do not refresh your TDI.
Do not refresh your charts.

#1827
Attached Image (click to enlarge)
Click to Enlarge Name: Big E #1827.png Size: 11 KB


#7622
Attached Image (click to enlarge)
Click to Enlarge Name: Big E #7622 refresh NO.png Size: 42 KB



> do you want more posts ?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,903
  • May 9, 2023 4:09am May 9, 2023 4:09am
Quoting Tekkies
{quote} Don't forget that other TE of yours. {image} Vincent Alice in wonderland, stop chasing bunnies, it is not good for your health.

@Tekkies

I have several trading accounts with different MT4 brokers. I also have non-MT4 broker accounts.

That CI500 project is well know to many members here back in 2016 and 2017. Those members who did the TMS-II system development with me continued to do other system development. They all follow my trading system development project when we develop and forward tested TMS MEME together.

During our forward testing live, in that month of May 2017, the account grew to 62.9% after 125 trades in four months.

Attached Image (click to enlarge)
Click to Enlarge Name: CI500 May 11 close 2197 pips.png Size: 32 KB



Then things happened . I got complacent with the market type conditions. Did not turn off my EA trade manager' feature to stop buy positions and also the Dynamic Cut-Loss feature. I took a huge risk gambling with those banked-in profits 62.9% and protected only 10% of the profit.
Great experience despite giving back the money the market gave me.

Attached Image (click to enlarge)
Click to Enlarge Name: CI500 old TE May 2017.png Size: 214 KB



Now, with further development of the TME MEME expert advisor, I have implemented the following features in my EA.
- Start / Stop Buy/Sell vertical lines on price chart according to Post#647 WTDA.
- Stricter Dynamic Cut-Loss based on price volatility band.
- Equity protection feature to limit the risk amount of profit gained.

Do you want to know more?

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,904
  • May 9, 2023 4:17am May 9, 2023 4:17am
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} edit: BE+1 locked in {image} Done for the day {image}
Hello Tekkies, this is my first message on this thread and I have a question for you. Big E trades with Synergy APB or Heiken Ashi and talks about enter on candle 1-2-3 of this kind of candles. I don't see Heiken Ashi on your charts, which is your reference to took the trade on this 1-2-3 candles? You use the colour of OHLC candles?
  • #139,905
  • May 9, 2023 5:05am May 9, 2023 5:05am
Quoting emmanuel7788
{quote} TMS Folks Don't let @Tekkies the FakeTMSTeacher add more confusion than there is already. The OP made it very clear is his posts. Do not refresh your TDI. Do not refresh your charts. #1827 {image} #7622 {image} > do you want more posts ?
Yes please.
While you are at that, don't forget your stupidity in Post 139,670
  • #139,906
  • May 9, 2023 5:16am May 9, 2023 5:16am
Quoting amargam
{quote} Hello Tekkies, this is my first message on this thread and I have a question for you. Big E trades with Synergy APB or Heiken Ashi and talks about enter on candle 1-2-3 of this kind of candles. I don't see Heiken Ashi on your charts, which is your reference to took the trade on this 1-2-3 candles? You use the colour of OHLC candles?
Excellent ... very simple question.

Its going to be good.

I know what he is thinking.

I know his reply already.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,907
  • May 9, 2023 5:22am May 9, 2023 5:22am
Quoting amargam
{quote} Hello Tekkies, this is my first message on this thread and I have a question for you. Big E trades with Synergy APB or Heiken Ashi and talks about enter on candle 1-2-3 of this kind of candles. I don't see Heiken Ashi on your charts, which is your reference to took the trade on this 1-2-3 candles? You use the colour of OHLC candles?
I don trade on the color of OHLC candles.
Have found that for me HA (Heiken Ashi) hide what is really going on, on the chart.
> Post 122,907, Post 92,775, Post 92,572
----
1-2-3 candles > Don't understand your question. > Are you asking how to count candles?
  • #139,908
  • May 9, 2023 5:36am May 9, 2023 5:36am
Quoting Tekkies
{quote} No cambio con el color de las velas de OHLC. Descubrí que para mí HA (Heiken Ashi) oculta lo que realmente está sucediendo, en el gráfico. > Publicación 122.907 , Publicación 92.775 , Publicación 92.572 ---- 1-2-3 velas > No entiendo su pregunta. > ¿Estás preguntando cómo contar velas?
Yes, I mean to count candles. So, you count the candles on HA to enter on 1-2-3 first candles when colour changes, but then hide HA to see what is doing Price Action right?
  • #139,909
  • May 9, 2023 6:06am May 9, 2023 6:06am
Quoting Tekkies
{quote} I don trade on the color of OHLC candles. Have found that for me HA (Heiken Ashi) hide what is really going on, on the chart. > Post 122,907, Post 92,775, Post 92,572 ---- 1-2-3 candles > Don't understand your question. > Are you asking how to count candles?



hey thicko @Tekkies

The price OHLC do not need to have different colours and to show its Open, High, Low and Close.

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Bar OHLC 9-5-2023 7-01-44 pm.png Size: 13 KB


The HA candles used by the OP are the Average Price Bar APB/HA from the Synergy system.

You can have the price OHLC on the chart foreground and the HA candles background.

Like this AU chart I posted today.

Attached Image (click to enlarge)
Click to Enlarge Name: AU May09 Daily swing 9-5-2023 8-16-11 am.png Size: 30 KB


And with the price OHLC shown as Bar chart, you can trade the Price Action plus use the HA candles colour and body size to see the volatility.

The setup S/U candle is the APB/HA candle which closes above or below the 5EMA, and the 5EMA Typical Price, Shift+2 is the direction of the S/U candle for buy or sell. Post#261





...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,910
  • May 9, 2023 6:10am May 9, 2023 6:10am
Quoting amargam
{quote} Yes, I mean to count candles. So, you count the candles on HA to enter on 1-2-3 first candles when colour changes, but then hide HA to see what is doing Price Action right?

The TMS candle count is based on the APB/HA candles and the setup S/U candle is the candle count #1.

@Tekkies has been misleading people here all for very long time.

Attached Image (click to enlarge)
Click to Enlarge Name: True REVERSAL example2.png Size: 83 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,911
  • May 9, 2023 6:14am May 9, 2023 6:14am
Quoting amargam
{quote} Yes, I mean to count candles. So, you count the candles on HA to enter on 1-2-3 first candles when colour changes, but then hide HA to see what is doing Price Action right?
"Yes, I mean to count candles."
> Post 99,259

---
No, I don't use HA candle or any colour changes.
  • #139,912
  • May 9, 2023 6:14am May 9, 2023 6:14am
Quoting emmanuel7788
EJ May09 London Open candle - I love Arjun candle setup ... high win rate ! {image} - remember this! {image} ...

EJ May09 Arjun candle

- which Arjun candle did you trade?

Attached Image (click to enlarge)
Click to Enlarge Name: EJ May09 H1 Arjun candle 9-5-2023 7-12-01 pm.png Size: 32 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,913
  • May 9, 2023 6:19am May 9, 2023 6:19am
Quoting Tekkies
{quote} "Yes, I mean to count candles." > Post 99,259 --- No, I don't use HA candle or any colour changes.
Hey TMS Folks

when @Tekkies does not use the HA candles, he made fatal mistake with the Price Action and the direction of the swing.

His GU 4H buy is a good example how he blew his account when he trade against the sell direction of the HA candles and 5EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies AU trade Dec17 2021 buy against 4H 19-3-2022 6-22-28 pm.png Size: 33 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,914
  • May 9, 2023 6:30am May 9, 2023 6:30am
Quoting amargam
{quote} Yes, I mean to count candles. So, you count the candles on HA to enter on 1-2-3 first candles when colour changes, but then hide HA to see what is doing Price Action right?

AJ May09 4hr Pacific 4:25AM

- the APB/HA candle count #1

> do not trade blindly just because the 4hr HA closed below its 5EMA

> the Weekly trend is UP
> the Daily is choppy to the upside
> can you scalp this 4hr trade window?
> what are the risks ?
> how to mitigate those risks?

Attached Image (click to enlarge)
Click to Enlarge Name: AJ May09 H4 candle 1 9-5-2023 7-25-34 pm.png Size: 30 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,915
  • May 9, 2023 7:06am May 9, 2023 7:06am
Quoting emmanuel7788
{quote} Hey TMS Folks when @Tekkies does not use the HA candles, he made fatal mistake with the Price Action and the direction of the swing. His GU 4H buy is a good example how he blew his account when he trade against the sell direction of the HA candles and 5EMA. {image} ...
-----
Hey TMS Folks when @emmanuel7788 does not did use the HA candles, he made fatal mistake with the Price Action and the direction of the swing. His GU 4H buy is a good example how he blew his account when he trade against the sell direction of the HA candles and 5EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
> Hey Vincent Alice in Wonderland, leave them bunnies allow, they are not your type!!!!
  • #139,916
  • May 9, 2023 7:16am May 9, 2023 7:16am
Quoting emmanuel7788
{quote} AJ May09 4hr Pacific 4:25AM - the APB/HA candle count #1 > do not trade blindly just because the 4hr HA closed below its 5EMA > the Weekly trend is UP > the Daily is choppy to the upside > can you scalp this 4hr trade window? > what are the risks ? > how to mitigate those risks? {image} ...
Hey Vincent, you should really try to follow BigE's advice how to trade with TDI.
----
=== 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
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
  • #139,917
  • May 9, 2023 7:30am May 9, 2023 7:30am
Quoting Tekkies
{quote} ----- Hey TMS Folks when @emmanuel7788 does not did use the HA candles, he made fatal mistake with the Price Action and the direction of the swing. His GU 4H buy is a good example how he blew his account when he trade against the sell direction of the HA candles and 5EMA. {image} > Hey Vincent Alice in Wonderland, leave them bunnies allow, they are not your type!!!!

Hey TMS Folks

Poor @Tekkies is still very confused with my TE trades closed chart and my actual TMS-II trades charts.

You can read my post and learn a few things how I took those TMS-II trade.
https://www.forexfactory.com/thread/...8#post14401778

Look at that post and study the HA candles and the entries and exits, and my comments.

> buy when the HA candles are above its 5EMA

> sell when the HA candles are below its 5EMA

Attached Image (click to enlarge)
Click to Enlarge Name: EA Apr20 trades closed update 20-4-2023 7-31-01 pm.png Size: 28 KB



Attached Image (click to enlarge)
Click to Enlarge Name: EMM #139398 stopoped out reversal.png Size: 59 KB


- my TE trades closed chart shown in 1-minute



Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD TE trades closed chart 23-4-2023 8-58-32 am.png Size: 33 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,918
  • May 9, 2023 7:49am May 9, 2023 7:49am
Quoting Tekkies
{quote} Hey Vincent, you should really try to follow BigE's advice how to trade with TDI. ---- === 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}

@thicko @Tekkies aka FakeTMSTeacher

you must be blind trading that TDI cross without doing your post#647 analysis.

Attached Image (click to enlarge)
Click to Enlarge Name: AJ May09 update NYO 9-5-2023 8-43-50 pm.png Size: 27 KB

Attached Image (click to enlarge)
Click to Enlarge Name: blind leading the blind.png Size: 362 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #139,919
  • May 9, 2023 10:16am May 9, 2023 10:16am
Quoting emmanuel7788
{quote} @thicko @Tekkies aka FakeTMSTeacher you must be blind trading that TDI cross without doing your post#647 analysis. {image} {image}
hi emmanuel

i read the tms-II pdf and almost understand how you trade h4 by m15 also understand how cave manager work i just need to know how you exit trade when price goes against you before reach the first target and capital protector run . you set sl as usual in proper place in h4 but will you exit before sl hit after last m15 LH or HL break by candle boady and confirm the opposite direction in m15? or wait till sl hit?
  • #139,920
  • May 9, 2023 6:49pm May 9, 2023 6:49pm
Quoting korosh1350
{quote} hi emmanuel i read the tms-II pdf and almost understand how you trade h4 by m15 also understand how cave manager work i just need to know how you exit trade when price goes against you before reach the first target and capital protector run . you set sl as usual in proper place in h4 but will you exit before sl hit after last m15 LH or HL break by candle boady and confirm the opposite direction in m15? or wait till sl hit?

hi @korosh

Most important is to pick your trades carefully on H4 and pick only the best A+++ setups like Big E.
Do no try pick a trade based on M15.
M15 is an option how I run the trade manager THVCaveManager EA CM because of the CSTSL candlestick trailing stop by previous candle high/low. You can also run CM on H4 but the CSTSL will move differently.
Your setting choice for the Capital Protection is important to manage your trade exit.
You can also run CM on H1, but the trade setup is always based on the H4.

Pick a A+++ setup based on your top down analysis with Post#647. You should know what the market type condition are at the time you want to trade.
Reversal trades has more failures when you pick the wrong pair to trade.
Pick those pairs with CONTINUATION in an established trend or swing.

You do not have to use TMS-II multiple exits.
You can use just one single exit like Big E and set CM according to his Post #557. Test this and you will learn more and gain more experience.

Either exit strategy you want to use, there will be a few straight losers when the market turn against your entry immediately and your initial SL will be hit without your Capital Protection activation or making it to TP1 exit.

But remember I trade 5 pairs at the same time, it is 60:40 most of the time, i.e. 3 winners 2 losers , I still make money every time.
Every straight loser is -1R maximum 2% to 3% percent depends on you.

When your Plan A trade ends up a straight loser, you have Plan B trade to take the next trade in the same pair. You also have a Plan C trade.

Go back and look at my April trade report statistics
- 366 trades closed and look at the time of day most of the trade were done.

I trade 4 different 4-hour trade windows starting at my local time and into the London session.
I seldom trade after the London session closed.
When you take a pick a A+++ trade setup during 4hr H4 candle, then your TP1 is during the same H4 candle IF NOT, then you have to careful and use manual exit decision.
Stay away from trading the red news periods.
Learn from Big E how he scalp the 4hr. You get in and get out in the same H4 candle or the next H4 candles. What does this mean?

https://www.forexfactory.com/thread/...1#post14410951

Attached Image (click to enlarge)
Click to Enlarge Name: Myfxbook trades by Hourly edited best hours.png Size: 14 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
52 traders viewing now