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Trading Made Simple

  • #10,981
  • Sep 3, 2011 12:02am Sep 3, 2011 12:02am
Quoting 33drifter
hahaha, still in love with the small TF's dean.

try a little experiment. pull up a M5 chart. mark all the tms entries with a vertical line. then go to H4 and see which ones of those trades turned into big moves. remove those vertical lines that turned in to big moves and then switch back to M5, now every line on your chart could possibly represent the following:

- a waste of time
- over exposure to the market
- a loss due to whip saw
- a loss due to market spike
- a loss due to a bad signal
- a lot of spread paid to broker

- you get the idea...
I am gonna try that drift...as I said...I am not crticising it ....more to the point I dont want to trade smaller time frames....I get too stressed....I just havent been able to see good reasons to go higher....so I will try your experiment and hope it clears it up for me....thanks heaps....truly I hate small time frames.....hate em....
  • #10,982
  • Sep 3, 2011 12:04am Sep 3, 2011 12:04am
Quoting noeljedayala
been reading and studying this thread for a week now, and im still on page 150! its really surprising how I bumped into this coz I have been trading this method for a month now on my demo, I first saw this on babypips.com forum from someone else when i first started. feels good to finally find the original thread! thanks big E!

@dean - your a funny guy. haha! if you dont mind me asking, how old are you? you have been really active on this thread since what? page 20? LOL!!!
I am 42 matey........I was 24 when I first became involved in this thread
  • #10,983
  • Sep 3, 2011 12:40am Sep 3, 2011 12:40am
[quote=dean;4925011]I am gonna try that drift...quote]

i got another one for you to try... this happened to me, set your SL to $900AUD on a 5M trade then watch it disapear in seconds when the market spikes for no reason, then continues on towards where your TP used to be.

that will get you on the daily charts pretty quickly
  • #10,984
  • Sep 3, 2011 12:50am Sep 3, 2011 12:50am
Quoting 33drifter
hahaha, still in love with the small TF's dean.

try a little experiment. pull up a M5 chart. mark all the tms entries with a vertical line. then go to H4 and see which ones of those trades turned into big moves. remove those vertical lines that turned in to big moves and then switch back to M5, now every line on your chart could possibly represent the following:

- a waste of time
- over exposure to the market
- a loss due to whip saw
- a loss due to market spike
- a loss due to a bad signal
- a lot of spread paid to broker

- you...
Bored on a Saturday and stumbled by this..
Ok edit I opened my eyes and saw your reference to smaller timeframes with the TMS method! Completely agree it is useless on smaller time frames.
Yet an edge is an edge and there are edges to be found on 1H+ and edges on 15M and below.

Be well!
  • #10,985
  • Sep 3, 2011 2:12am Sep 3, 2011 2:12am
It works well.
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  • #10,986
  • Sep 3, 2011 2:50am Sep 3, 2011 2:50am
Is there not anyone using Golden Super K indi (same as heiken ashi ) but can see the real candle
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  • #10,987
  • Sep 3, 2011 5:14am Sep 3, 2011 5:14am
Quoting 33drifter
i got another one for you to try... this happened to me, set your SL to $900AUD on a 5M trade then watch it disapear in seconds when the market spikes for no reason, then continues on towards where your TP used to be.

that will get you on the daily charts pretty quickly
Trading TMS on M-5 doesn't make any sense, however using M-5 can give you very precise enters. When I see a good signal on H-1 I go to M-5 and wait for a good opportunity to enter, this technique decreases the drawdown and makes our chances much better. Of course, sometimes I have to wait for a very long time, sometimes H-1 trend changes while I wait etc., but nevertheless it helps me a lot.

You say "when the market spikes for no reason". Correct me if I'm wrong, but when the market spikes, it doesn't matter whether you trade on M-5 or H-1, your stop loss hit depends on your SL, not on your timeframe. And if it is a REAL spike it will hit BOTH your M-5 SL AND your H-1 SL AND it could hit your D-1 SL too.

I have nothing against D-1 but Big E created this method for H-1 and H-4 and this method has been very successful on H-1 and H-4.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,988
  • Sep 3, 2011 5:29am Sep 3, 2011 5:29am
[quote=Hedayat SM;4924638]No, you do not need heavy capital to trade H4 and D1 timeframes - all you need is solid money management.

For example, say your deposit is USD1000, you would probably want to trade higher timeframes with say maybe 20cents per pip or 30cents - 50 at most --> Remember to put only 1 trade and not trade multiple charts as you will hit margin call. It is ridiculous to trade a USD1 per pip with a 1K account cos if your drawdown hits 200-300pips in 1 trade, you would have lost about 20-30% of your entire account!

However, you may consider using better trade sizes if you are scalping like 5m or 15m - given that you use good SL and TP and also monitor your trades!

My 2 pips worth! Cheers!



thanks that was really good advice, my plan is to start with the 15m tf and the 1hr tf to scalp and grow my capital for one year using this simple trading system. when I reach my target for the day or week I stop trading until the next week so I dont get greedy and overtrade.
X-man the legendary conqueror of markets
  • #10,989
  • Sep 3, 2011 6:13am Sep 3, 2011 6:13am
It will be great if Big E system can recommend different levels of SL and TP for different time frame.
  • #10,990
  • Sep 3, 2011 8:18am Sep 3, 2011 8:18am
Quoting aripebat
It will be great if Big E system can recommend different levels of SL and TP for different time frame.
I hate these kind of posts. BEcause you are going to have the whole community either explain or bash you for not reading the material before. These USELESS posts really slow down reading time for other members who are truly trying to learn.
  • #10,991
  • Sep 3, 2011 8:23am Sep 3, 2011 8:23am
Quoting aripebat
It will be great if Big E system can recommend different levels of SL and TP for different time frame.
Not Big E but consider using higher TF's for set up and yes down to 5 min hl/lh for entry. Whatever TF you enter on can use its last swing high/low for stop.

That gets you 1hr/4hr signal but much better MM from honing in on a smaller TF signal for entry.
  • #10,992
  • Sep 3, 2011 8:42am Sep 3, 2011 8:42am
Quoting Vantage
Not Big E but consider using higher TF's for set up and yes down to 5 min hl/lh for entry. Whatever TF you enter on can use its last swing high/low for stop.

That gets you 1hr/4hr signal but much better MM from honing in on a smaller TF signal for entry.
precisely.....can do it on 4H/ 5M as well
  • #10,993
  • Sep 3, 2011 10:46am Sep 3, 2011 10:46am
Quoting Favorite
You say "when the market spikes for no reason". Correct me if I'm wrong, but when the market spikes, it doesn't matter whether you trade on M-5 or H-1, your stop loss hit depends on your SL, not on your timeframe.
of course on the odd occassion you get large spikes of a few hundred pips, but its rare and is usually due to news. generally speaking smaller TF's attract tighter SL's so your much more likely to get stopped out with a 20 pips spike which happens regularly.

I think Dean is talking about using a 5M signal and a small SL of 20 odd pips to catch a move of a few hundred pips, in that situation a 20 pip spike takes you out but doesnt come close to the H4 and D1 trades.
  • #10,994
  • Edited 2:34pm Sep 3, 2011 1:15pm | Edited 2:34pm
Quoting 33drifter
of course on the odd occassion you get large spikes of a few hundred pips, but its rare and is usually due to news. generally speaking smaller TF's attract tighter SL's so your much more likely to get stopped out with a 20 pips spike which happens regularly.
I was talking about 60+ pips' spikes. I wouldn't call regular 20 pips M-5 movements "spikes", for me it is just whipsawing, and this whipsawing is the main reason why I don't trade TMS on M-5.

Quoting 33drifter
I think Dean is talking about using a 5M signal and a small SL of 20 odd pips to catch a move of a few hundred pips, in that situation a 20 pip spike takes you out but doesnt come close to the H4 and D1 trades.
It sounds very attractive but it doesn't happen very often. How many of us can stand 5-6 SL hits in a row (because of M-5 whipsawing) hoping that finally we can catch few hundred pips?

P.S. Just IMHO.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,995
  • Sep 3, 2011 1:23pm Sep 3, 2011 1:23pm
GUYS, WE HAVE 11,000 POSTS!!!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,996
  • Sep 3, 2011 1:36pm Sep 3, 2011 1:36pm
Quoting sachigi
I donīt have it in my files.
Hmm open up MT4 (are you using MT4??) and then on the navigator panel, selec the + on "Indicators" and then scroll down to find "Fractals". Mine case as default and I'm strongly convicted that everyone elses' shld have it too..update me.
A trader must be humble - else the market would humble him.
  • #10,997
  • Sep 3, 2011 1:45pm Sep 3, 2011 1:45pm
[quote=X-Man;4925140]
Quoting Hedayat SM
No, you do not need heavy capital to trade H4 and D1 timeframes - all you need is solid money management.

For example, say your deposit is USD1000, you would probably want to trade higher timeframes with say maybe 20cents per pip or 30cents - 50 at most --> Remember to put only 1 trade and not trade multiple charts as you will hit margin call. It is ridiculous to trade a USD1 per pip with a 1K account cos if your drawdown hits 200-300pips in 1 trade, you would have lost about 20-30% of your entire account!

However, you...
Sounds like a valid strategy - small accounts can be grown best using H1 or H4 i guess...when u have a big account, you just need a single trade which gets you a couple of pips to help pay your mortgage and gas for the day (or even a month or year!!!). So when your account is large enough (and also your age hehe) you may consider trading the D1 and walk away after setting each trade - stress free! Update me with your success will be watching your posts.

Cheerz!
A trader must be humble - else the market would humble him.
  • #10,998
  • Sep 3, 2011 1:58pm Sep 3, 2011 1:58pm
Quoting Tedge UK
Is there not anyone using Golden Super K indi (same as heiken ashi ) but can see the real candle

I would love this indicator.
Indicators always obey Price, not the other way.
  • #10,999
  • Sep 3, 2011 2:03pm Sep 3, 2011 2:03pm
Quoting aren
It works well.
Is this the 5 Min time frame?
  • #11,000
  • Sep 3, 2011 2:09pm Sep 3, 2011 2:09pm
eelfranz, thank you for The best indicator TDI I have seen!
TDI works at all Time Frames. It helped me to complete my own strategy.

Hi Favorite, is it your thread on Kroufr? I have read it twice. It is a pity that you left your thread there.
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