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Trading Made Simple

  • #10,281
  • Aug 18, 2011 10:28am Aug 18, 2011 10:28am
Quoting dl4hao
Hy Britpip7,

sorrry, but what ist that "BRN" meaning / standing for?

greetings from Hamburg/Germany,
Dietmar, DL4HAO
Big Round Number - basically 1.4000, 1.4500, 1.5000 / 100 pips intervals often act as sticking points / support / resestance
"To live with Passion, it takes Courage and Grace to survive"
  • #10,282
  • Aug 18, 2011 12:38pm Aug 18, 2011 12:38pm
Quoting Britpip7
Big Round Number - basically 1.4000, 1.4500, 1.5000 / 100 pips intervals often act as sticking points / support / resestance
Thanks! ... I name them psy-levels but now I remember, Craig Harris is using that name Round (or Big Round) Numbers, too ...

  • #10,283
  • Aug 18, 2011 12:59pm Aug 18, 2011 12:59pm
Hi guy's

Just a couple of questions for you old timer's using this method. Just wondered how many pairs you guys monitor? and how many hour's a day you trade?

I am in the UK so was trying to decide the best hours.. maybe London open until NY open using H1 timeframe.. Any thoughts?
  • #10,284
  • Aug 18, 2011 3:07pm Aug 18, 2011 3:07pm
Hello all --

Wondering if m/any of you are adding to your winning positions at some point?

It would seem that longer time frame trading could be well suited to this.

IF anyone does this I would be curious to know at what intervals you place your add-on trades.

Many thanks and good luck to all tonight (No. America) and tomorrow (Europe/Asia/Pacific) as the Big E trading day begins.

Forest
  • #10,285
  • Aug 18, 2011 3:11pm Aug 18, 2011 3:11pm
Quoting popeyeuk
Hi guy's

Just a couple of questions for you old timer's using this method. Just wondered how many pairs you guys monitor? and how many hour's a day you trade?

I am in the UK so was trying to decide the best hours.. maybe London open until NY open using H1 timeframe.. Any thoughts?
I am in the US - eastern time zone. I find the best time to trade and catch some really good moves are from about 2-3 hours after the London Open until 2 - 3 hours after the New York Open. So thats 5am until 11am eastern time zone in the US. Hope that helps. Look at your charts and see what you think based on the moves at those and other timeframes. Good trading popeyeuk.
  • #10,286
  • Aug 18, 2011 4:38pm Aug 18, 2011 4:38pm
Quoting spyderman
Fitness09



This is the last post by Big E that I found on the EMA question. Hope this helps.
Thanks for the support spyder.
ALl of you posting the "5 method" quit it....it was the lead up method to the TMS....You are confusing the newcomers. If they wish to use the ema as a safety net for conservative trading then by all means do it....HOWEVER it is not part of this method, nor are the stop losses used on the 5 method, and nore are the 3 candle entries...
So stop posting rules from an old method..its confusing to newcomers to the thread.
Fitnes....if you want to use the ema and it is succesful, use it....BigE says it is a conservative approach and that can be good when first learning...but it is not one of his rules. One thing to remember is he has a LOT of experience so he trusts his judgement on agggressive entries.
  • #10,287
  • Aug 18, 2011 4:41pm Aug 18, 2011 4:41pm
Quoting alkenany
hi brettboz
ya closed @4303 +85 waiting for another setting
thanks
Well done!!
DOnt think I was being critical of you last night....as I said it could have always turned into a good trade (which it did....a beauty) but my tdi was flat so to me it wasnt showing a trade. The next candle was a different story but I was in bed by then congrats
  • #10,288
  • Aug 18, 2011 4:49pm Aug 18, 2011 4:49pm
Quoting dean
ALl of you posting the "5 method" quit it....it was the lead up method to the TMS....You are confusing the newcomers. .

Thanks, Dean. It has been presenting conflicting information.

I'm sure it was/is profitable for some old hands, but is not really familiar to those of us as recent arrivals.

Forest
  • #10,289
  • Aug 18, 2011 5:14pm Aug 18, 2011 5:14pm
Quoting Forest-Sea
Hello all --

Wondering if m/any of you are adding to your winning positions at some point?

It would seem that longer time frame trading could be well suited to this.

IF anyone does this I would be curious to know at what intervals you place your add-on trades.

Many thanks and good luck to all tonight (No. America) and tomorrow (Europe/Asia/Pacific) as the Big E trading day begins.

Forest
Yes, I use scaling, but I don't want to violate the rules here by discussing what some might consider a technique that falls outside of the TMS method.
  • #10,290
  • Aug 18, 2011 7:10pm Aug 18, 2011 7:10pm
Quite right.

This is an excellent on-point forum. I didn't mean to disturb what is working so well.


Forest
  • #10,291
  • Aug 18, 2011 7:56pm Aug 18, 2011 7:56pm
Some bed time reading for those confused by TMS and the 5 method, or just in need of sanity and clarity.

Go to attachments, hide images and look for the attachment on Aug 6th 2011 called "TradinMadeSimple" it is a pdf. I will not summarize for fear of offending the purists and getting it wrong!

This contains all of Big E's postings on TMS since page 1 post 1 and will clarify the Entry and Exit criteria. I was not the originator of the pdf, so thanks to the individual who spent a ton of effort pulling this all together. So far it has had over 900 hits.

I have adapted my trading style, initially starting with a subscription service and then rolling in Big E's 5 method and tweaking it accordingly for TMS, so my charts have a couple of things in addition as you will no doubt have observed.

My entries are a tad more conservative but still seem to be productive. I also follow the postings from dcginc - well worth reading and supplements the TMS beautifully.

Anyway - happy reading
"To live with Passion, it takes Courage and Grace to survive"
  • #10,292
  • Aug 18, 2011 8:38pm Aug 18, 2011 8:38pm
Possible set up - needs some additional PA support - see also gbp/aud, gbp/nzd, eur/nzd
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud day 8-18.gif Size: 27 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #10,293
  • Aug 18, 2011 9:08pm Aug 18, 2011 9:08pm
Can someone here (or can get help from others) to make a tool to search signals of TDI for all timeframes of all currencies available across the board? It is also useful to search for pairs having TDI below 32/above 68. The tool will present the result in the form like a dashboard. Great thks and sorry for my English.
  • #10,294
  • Aug 18, 2011 10:40pm Aug 18, 2011 10:40pm
Hi Leona,

I just stmbled on to this thread yest morning. Read till page 52. Now jumped to the end and scrolling back.

I remember reading Stoc settings as 5,3,3. You have mentioned 8,3,3. Is that something which was modified by Big E somewhere down the line?

Next : Big E had mentioned that for it to be simple entry green/red xover should happen. Angles on clock codes at xover to be checked . Lastly check for uptrend /downtrend on candles and over bought/sold on stocs.

So are these rules still in place or have they been changed somewhere down the line ?

regards

Sim

Quoting leonaforex
I just wanted to "wade in" here to post what I have from Big E comments on a prior thread, as to his entry criteria that I use in these volatile times. I also use these criteria if the first or second candle is not the size and shape to my liking. I quote from the pdf document:

[font=Comic Sans MS][color=Blue]--Compiled by Otiose
I'm going to post here the 2 templates I personally use to trade:
1. 5 Method --- (Most simple strategy but works great)
Use Heiken Ashi candles
TDI Indicator set at default
Stochastics set to...
  • #10,295
  • Aug 18, 2011 10:59pm Aug 18, 2011 10:59pm
Quoting Exciter135
Can someone here (or can get help from others) to make a tool to search signals of TDI for all timeframes of all currencies available across the board? It is also useful to search for pairs having TDI below 32/above 68. The tool will present the result in the form like a dashboard. Great thks and sorry for my English.
There is already a TMS Dashboard, just use the search function on the forums to get.
  • #10,296
  • Edited Aug 19, 2011 1:53am Aug 18, 2011 11:08pm | Edited Aug 19, 2011 1:53am
Hi Dean,

I am a newbie here. Infact have joined the forum yest and read till page 52 odd before I jumped here. Have seen you right from the beginning. So a question . Gold and Silver are in a nice uptrend on the 4 hrly. Gold did show a re entry by green xover about 6/7 bars back on 4hrly. Silver is just a close parallel line with green and red just scraping along .

My question : is there a way to make an entry at such times when the HA candles are all small but trending up and the green /red TDI are almost parallel to each other. Example also being DAX futures ( I made a cool $2.8K yesterday by just following the basic rules) where i exited whn i had so many pips on a demo a/c . The green line has turned parallel on Dax ( and S&P ) but has not hooked up. So should one continue to hold their position ? Also can I make an new entry on silver else arent we misisng out on pips?

I do only E/U , U/J ( flat as hell), XAU , XAG , DAX , S&P , Crude on demo. Trade it on my real account when i see a good move.



Sorry if it's too many questions.

regards

Sim

quote=dean;4882976
  • #10,297
  • Aug 18, 2011 11:35pm Aug 18, 2011 11:35pm
Quoting Simr
Hi Dean,

I am a newbie here. Infact have joined the forum yest and read till page 52 odd before I jumped here. Have seen you right from the beginning. So a question . Gold and Silver are in a nice uptrend on the 4 hrly. Gold did show a re entry by green xover about 6/7 bars back on 4hrly. Silver is just a close parallel line with green and red just scraping along .

My question : is there a way to make an entry at such times when the HA candles are all small but trending up and the green /red TDI are almost parallel to each other. Example also...
[/quote]
Hi and welcome.
I dont trade gold or silver but I believe this method works. And no....entry guidelines are clear...green crosses red at an acute angle, no small candles and not running parallel.
  • #10,298
  • Edited Aug 19, 2011 12:08am Aug 18, 2011 11:53pm | Edited Aug 19, 2011 12:08am
Quoting dean
Well done!!
DOnt think I was being critical of you last night....as I said it could have always turned into a good trade (which it did....a beauty) but my tdi was flat so to me it wasnt showing a trade. The next candle was a different story but I was in bed by then congrats
hi dean
i just red ur post,
it was logical discussion,and yes u did said it could turn into agood trade,but i still do not understand y ur tdi angle was different thanmine.ur input always helpfull
thanks again
  • #10,299
  • Aug 19, 2011 12:16am Aug 19, 2011 12:16am
Quoting alkenany
hi dean
i just red ur post,
it was logical discussion,and yes u did said it could turn into agood trade,but i still do not understand y ur tdi angle was different thanmine.ur input always helpfull
thanks again
I notice you are using the tdi and I am using the watchdog, which is just a different version. HOwever my version refreshes iteself every tick where as the tdi only refreshes when you manually refresh the chart or you click away to another chart and back on to that same chart and also at every new candle, so that probably explains the difference in the angle.
  • #10,300
  • Aug 19, 2011 12:26am Aug 19, 2011 12:26am
Anyone long on this pair AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 122 KB
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