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Trading Made Simple

  • #5,681
  • Jun 18, 2011 7:25pm Jun 18, 2011 7:25pm
Quoting erickva
People whinging of people wanting more indicators also clutters the thread...
I have an indicator that will ring your house-bell when there is a Tdi cross. Just pm me for the indicator.
  • #5,682
  • Jun 18, 2011 8:47pm Jun 18, 2011 8:47pm
Quoting 2scoops
I'm starting to question the effectiveness of using the stochastics with this method. Do you think its still relevant? TDI + PA + Basic Forex seems to be the key to success here with the TMS method. I've always used it only to confirm the direction is the same as the TDI and that the slope is at the correct angle, I might try either ignoring the slope and confirming direction only or just remove the stochastic indicator entirely. Would love to know your thoughts on this. I don't want to change any rules here, just canvassing opinion.
Hey scoops,
My 2 cents and understanding if this is as follows:
I have read that BigE has traded this method a couple of times just to see what happens purely by entering on the tdi only....nothing more...just to see how effective it is...and had success. But as far as I am aware he still uses the stoch angle for confirmation and this I believe he got from craig harris. BigE is pretty impressed by the Criag aHarris trading methodoly and I think has combined and refined his and others methods to suit his own trading style....as you should. If you think your trading is more succesful without it then by all means get rid of it. But personally....if it filters and refines our trades for and gived us higher strike rated trades, I would prefer to leave it. This method of trading is effective when the market is active or trending, so when we enter a trade we want the price to either go up or down...that simple....so to have as many things on our side to help us determine that gives us the edge..so as far as I can see the stoch angel just adds to that edge for entry confirmation....again...this is my opinion only.....But if you have a look at the caig harris method...the stoch angle is pretty much his last and main entry confirmation and he has an extremely succesul method. I believe BigE has considered it an important addition to his method and still uses it......not for the postion of it, just for the angle of it.
  • #5,683
  • Jun 18, 2011 8:48pm Jun 18, 2011 8:48pm
Quoting The7
I have an indicator that will ring your house-bell when there is a Tdi cross. Just pm me for the indicator.
Did anyone else catch the entry on the USD-JPY when there was agreement between the CCI (yeah I know I have it twice but they are different colours), A/D, Bears(whatever that one is) , TDI, VSA (OK - not that one obviously, but it looked alright on the 4H chart), RSI, Stoch, A/O (... I know I have that one twice, but one re-paints) and %R??

I am not trying to change anything here - but c'mon guys - don't you want to make some money?.

If we all band together (collaborate for my benefit) I think we can fine tune my entry more. Only respond if you are a "senior trader" though.

Lastly, I am really frustrated with this 50 inch monitor - I am shopping for a bigger computer today - wish me luck? This will be the turning point for me, I'm sure. Imagine if it is one of those 3D ones!!!

PS - now that the position is open what the hell do I do now?
PPS - is there an EA for this?
PPPS - actually, forget what I have said, I am only trading mini-lots on demo when my mum is not looking
PPPS - damn FF - there just are not enough emoticons to keep my posts fun and clever - how do you make them move anyway?
PPPPS - forget that last one - I just had to scoll down!! LOL

TG for anonymity...
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  • #5,684
  • Jun 18, 2011 8:55pm Jun 18, 2011 8:55pm
Hi,

I have a TDI question, on your graphs what should your TDI be reading for this correct method?

because my TDI readings are displaying 2-3 different numbers, see below in my picture on the TDI graph is says TDI 57.XX etc.. but also says 52.XX and 70.XX is this correct or do I need to change it
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  • #5,685
  • Jun 18, 2011 8:56pm Jun 18, 2011 8:56pm
Quoting hawaii5000
Did anyone else catch the entry on the USD-JPY when there was agreement between the CCI (yeah I know I have it twice but they are different colours), A/D, Bears(whatever that one is) , TDI, VSA (OK - not that one obviously, but it looked alright on the 4H chart), RSI, Stoch, A/O (... I know I have that one twice, but one re-paints) and %R??

I am not trying to change anything here - but c'mon guys - don't you want to make some money?.

If we all band together (collaborate for my benefit) I think we can fine tune my entry more. Only respond...

I know, I know.....my entry was 2 days ago, but I wanted to make sure I was in the money before I posted it.
  • #5,686
  • Jun 18, 2011 8:59pm Jun 18, 2011 8:59pm
THere has been a lot of talk about indicators over the last few posts.
If you really break this trading method down....its not about the indicators.
THe indicators used here are for trade entry and exit.
If you have a good hard look at this system it is two indicators...the tdi and the stoch, simply confirming the current price action.
The tdi forces us all to assess the price action with our forex basics and hones those basics skills.
I reckon after a few months of looking at the price action, the support and resistance levels and the candle strength etc, we would all probably be able to recognise what the actual price action is doing....the indicators merely confirm this for us in this system but also force us to improve our basics.
So rather than trying to change and alter the indicators.....I would suggest putting more effort into watching the actual price action and S/R levels and candle patterns and strengths etc and using the tdi for what it is there for...entry and exite confirmation.
If you read BigE's posts, you will see that he has an immaculate handle onprice action....S/R levels.....what the candles are telling him....
I believe if you really break it down...the tdi is just forcing us to learn to trade properly by making us interpret our forex basics much better.
BigE has spent thousands of hours in front of the screen and I would say he has simply found that the tdi green red cross alerts him to a trade possibility...but its his interpretation of the forex basics that makes him so extremely sucesful....not the tdi itself.
This is why I believe a lot of poeople here are having trouble. Dont rely on the tdi to do your work....the success in this is your forex basics understanding. Practise and hone your skills on them instead of trying to change and adapt and alter the indicators.
Thats how I see it anyway.
  • #5,687
  • Jun 18, 2011 9:36pm Jun 18, 2011 9:36pm
Quoting dean
THere has been a lot of talk about indicators over the last few posts.
If you really break this trading method down....its not about the indicators.
THe indicators used here are for trade entry and exit.
If you have a good hard look at this system it is two indicators...the tdi and the stoch, simply confirming the current price action.
The tdi forces us all to assess the price action with our forex basics and hones those basics skills.
I reckon after a few months of looking at the price action, the support and resistance levels and the candle strength...
I agree. This thread is about the TMS system. If anyone wants to start a thread on compairing indicators, by all means, do it...on a different thread.
BigE wants to keep this thread clean and clear of other indicators, and anyone pushing anything other than whats in the original rules should be ashamed for taking advantage of the absence of this systems founder!
  • #5,688
  • Jun 18, 2011 9:36pm Jun 18, 2011 9:36pm
Quoting The7
Every new indicator clutters this thread with another 4-5 pages. I really do not understand why anyone needs an improvement on the TDI indicator? Just look at the cross simple and plain..
AMEN to that sister, get rid of the MA and the Stoch while you are at it, THE CROSS is all you need
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OPPORTUNITY IS NOWHERE
  • #5,689
  • Jun 18, 2011 10:24pm Jun 18, 2011 10:24pm
Big E at the outset of this thread requested that participants confine the discussion to the Trading Made Simple concepts AND that discussion of alternative/additional indicators be conducted elsewhere. The risk, as he explained, is that this thread becomes diluted and in time can move far away from its original intent and become useless to those that use TMS.

Seems to me that all of us need to heed his advice. This thread is far too valuable to all of us who find this to be the most successful trading method that we have found to have extended posts get diverted toward modified methods and additional indicators that have no bearing on TMS that Big E created for our mutual benefit.

Lets all respect what Big E originally intended and established.

If you want to discuss modications to Trading Made Simple go somewhere else or start your own thread.

If you want to discuss additional/alternative indicators go somewhere else or start you own thread.

Because of his absence due to Big E's ill health this very crutial thread is in danger of getting way off track and losing its value.

Please, let's not knowingly or unknowingly ruin a really important place to discuss TMS by moving it away from what it is intended to do.
  • #5,690
  • Jun 18, 2011 10:52pm Jun 18, 2011 10:52pm
if you want to talk about additional indicators, PM each other....
  • #5,691
  • Jun 19, 2011 12:03am Jun 19, 2011 12:03am
Quoting erickva
Hi Arasheed, what are those coloured rectangles you have on top right of your charts, trend indicators? Where can I find them?

Thanks,
Erick
Hi Erick

This indicator #Signal_Bars_v9 shows trend on mtf of MACD, Stochastic RSI and Moving Averages and Market Price in big fonts.
This is posted by CJA at forex-tsd.
It has a password (free_at_tsd)
If you can not fin there then tell me I will post it here

arasheed
  • #5,692
  • Jun 19, 2011 12:39am Jun 19, 2011 12:39am
Hi Mackoazy
This indicator was posted by Kinonen on FF forum ICHIMOKU FOREVER POST # 15950 pAGE # 1064 with following details

Hello
if you want , you can use/try my indicator kino ichi monitor light
works on mt4 , and shows strenght for the 6 "currencies" (=15 curencies pairs) on the upper left of a graph
today GBP +25 & JPY -23 was good to take long
kino
Attached File(s)
File Type: ex4 #Kino_Monitor_ICHI_light.ex4   29 KB | 690 downloads
  • #5,693
  • Jun 19, 2011 12:45am Jun 19, 2011 12:45am
Quoting hawaii5000
Did anyone else catch the entry on the USD-JPY when there was agreement between the CCI (yeah I know I have it twice but they are different colours), A/D, Bears(whatever that one is) , TDI, VSA (OK - not that one obviously, but it looked alright on the 4H chart), RSI, Stoch, A/O (... I know I have that one twice, but one re-paints) and %R??

I am not trying to change anything here - but c'mon guys - don't you want to make some money?.

If we all band together (collaborate for my benefit) I think we can fine tune my entry more. Only respond...
good job f*&^ing hilarious. I love it.
  • #5,694
  • Jun 19, 2011 12:51am Jun 19, 2011 12:51am
Quoting arasheed
Hi Mackoazy
This indicator was posted by Kinonen on FF forum ICHIMOKU FOREVER POST # 15950 pAGE # 1064 with following details

Hello
if you want , you can use/try my indicator kino ichi monitor light
works on mt4 , and shows strenght for the 6 "currencies" (=15 curencies pairs) on the upper left of a graph
today GBP +25 & JPY -23 was good to take long
kino
Did you ignore the last few posts about indicators?? this is a thread for people using the TMS method of trading..........STOP posting indicators that have nothing to do with BigE's method.
TMS.....trading made simple
chart requirements:
HA candles
stochastics 8, 3 , 3
tdi red and green lines only
dont be ignorant...listen to all these people telling you to keep your other indicators to yourself.
  • #5,695
  • Jun 19, 2011 1:49am Jun 19, 2011 1:49am
Quoting dean
dont rely on the tdi to do your work....the success in this is your forex basics understanding. Practise and hone your skills on them instead of trying to change and adapt and alter the indicators.

that right there is quite possibly the best statement in the last 5700 posts.... Ill be thinking of it before every trade
  • #5,696
  • Jun 19, 2011 3:18am Jun 19, 2011 3:18am
hi as e thread is too huge to read at one go

which r e impt post i need to touch on?

thanks
  • #5,697
  • Jun 19, 2011 3:21am Jun 19, 2011 3:21am
Quoting hawaii5000
Did anyone else catch the entry on the USD-JPY when there was agreement between the CCI (yeah I know I have it twice but they are different colours), A/D, Bears(whatever that one is) , TDI, VSA (OK - not that one obviously, but it looked alright on the 4H chart), RSI, Stoch, A/O (... I know I have that one twice, but one re-paints) and %R??

I am not trying to change anything here - but c'mon guys - don't you want to make some money?.

If we all band together (collaborate for my benefit) I think we can fine tune my entry more. Only respond...
Needs a few more indicators and a LCD projector to view them all on
  • #5,698
  • Jun 19, 2011 3:38am Jun 19, 2011 3:38am
Dean: Thanks for banishing that moment of doubt I had about the stochastic indicator. I'm all for keeping it simple, but removing it is maybe going a step too far!

I agree with all the other long term contributors, please try to follow the simple rules laid down by BigE

If your posting your charts, try to make sure that the TMS template at the start of this thread is at the core of your setup and you mark your entry with a red line.

If someone sees an indicator they like on someone's chart please PM them for it, please don't post on the thread.

Lets get this thread back on track, post your trades (loosing and winning) with your basic forex/TMS analysis.

Thanks
  • #5,699
  • Jun 19, 2011 3:42am Jun 19, 2011 3:42am
Quoting carat
hi as e thread is too huge to read at one go

which r e impt post i need to touch on?

thanks
Initial 20 pages shud be sufficient....every thing else is just bias.
Trade responsiblypatience is the key/Swing trader
  • #5,700
  • Edited 4:34am Jun 19, 2011 4:04am | Edited 4:34am
I think this is worth a repost, all BigE's comments from this thread and the old one combined.

Quote from the doc I found interesting:

"#1 in importance is PA, #2 is the TDI for confirmation & Stochs is just an indicator I note. If TDI & Stochs are oppositre... I may pass on the trade..."

For newbie's not familiar with the old thread the first 14 pages of this doc is from the old thread, some of it is useful but ignore the bits where BigE is talking about waiting for the candle to close over the EMA (we don't trade that way now) the last half of the doc is the newer stuff you should be focusing on.
Attached File(s)
File Type: pdf Big E comments.pdf   415 KB | 5,131 downloads
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