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Trading Made Simple

  • #13,041
  • Oct 28, 2011 8:23am Oct 28, 2011 8:23am
Quoting gamekeeper
Agreed. Its madness to just blindly follow the TDI alone. Additional analysis of all FX aspects apply: trend, news, support and resistance, candle formation, size and strength etc etc

BIgE has said this ad infinitum

Totally agree, It is nonsense to follow just a lagging indicator cross, TDI is just a simple indicator nothing else, so you need to take into consideration many other factors.
Indicators always obey Price, not the other way.
  • #13,042
  • Oct 28, 2011 8:36am Oct 28, 2011 8:36am
good trade
Attached Image (click to enlarge)
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  • #13,043
  • Oct 28, 2011 8:58am Oct 28, 2011 8:58am
Quoting sifyragnarok
good trade
My first instinct at seeing the TDI crossover was to jump in.
However, the (lack of) slope of the crossover kept me out.
Financial independence is what I live for
  • #13,044
  • Oct 28, 2011 9:01am Oct 28, 2011 9:01am
Quoting sifyragnarok
good trade

I would advise you not to trade New Yorks session friday, no mater what system you use, It is usually very slow or very unpredictable.
Indicators always obey Price, not the other way.
  • #13,045
  • Oct 28, 2011 9:41am Oct 28, 2011 9:41am
thankyou guys....you made me think again,... did not enter
  • #13,046
  • Oct 28, 2011 9:57am Oct 28, 2011 9:57am
Yep people,
This is a good idea as someone put in a couple of posts back. Mark the really important people, and read their posts only as they are the ones giving out the essentials. The rest is at personal discretion. I guess the speed at which this thread has grown is record of sorts I guess across forums on the Net (or so I believe). What an achivement this is for the BigE team. Kudos to them.
BTW, where is the Big Man himself. Hope all's right with him. Haven't seen him post in quite some time now. On his profile page I read someone offered him a managed account's position. But I don't think he's of that kind. Wish him all the health, wealth and happiness. Same goes for him team too.
More later, Regards, McNish.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #13,047
  • Oct 28, 2011 11:18am Oct 28, 2011 11:18am
Quoting sifyragnarok
good trade

This a late comment on the chart - I was wathcing e/u and it was seriously ranging - not much movement at all. Great set up but no price action!

I quit on the markets last night really early as they were giving the appearance that the 3 amigos were only going to consolidate following the previous day's activity. Candle heights have reduced considerably and no real news to make any moves occur.

This is setting up nicely for next week when the indicators may have drifted away from their highs - TDI moving from 68 to 50 region and stochastics dropping off of their OB positions.

Here's to another fun filled week - have a great weekend.
"To live with Passion, it takes Courage and Grace to survive"
  • #13,048
  • Oct 28, 2011 11:34am Oct 28, 2011 11:34am
If you are new to this forum and you are about to post one of the following or similar questions, please don't!

You need to go to Baby Pips and then you need to read the first 50 pages or so of this thread and find out how this methodology is traded and who are the key contributors.

Also read the pdf and .doc attachments in this thread.

1. What time does Big E trade this method?
2. What pairs does Big E trade?
3. How many candles after TDI can I enter?
4. How do I load an indicator in MT4?
5. What indicators are used?
6. How many pips have you made on this system?
7. You must show me your account to prove you are making pips
8. Send me your template files?
9. Can this be written as an EA?
10. How do you determine SL and TP levels?
11. How do you determine Support and Resistance levels?
12. Where do I find abc indicator - someone needs to post it?

All indicators are either in the attachments section of this thread, or go read this post from the indicator thread for TMS - http://www.forexfactory.com/showthre...09#post5079709
This thread also has an attachments section full of indicators.

Use the Search function and see if that will produce results.

We love questions from traders and love to help - but not really on the 12 questions above. We want you to learn how to fish - not to drink beer and fall asleep in the bottom of the boat!

If you are new to MT4 go the MB Trading - http://www.mbtrading.com/searchresults.aspx?q=tutorials and they have MT4 web tutorials - great information - that's how I got started.
Attached File(s)
File Type: pdf TMS Advice for traders.pdf   62 KB | 1,891 downloads
"To live with Passion, it takes Courage and Grace to survive"
  • #13,049
  • Oct 28, 2011 2:02pm Oct 28, 2011 2:02pm
Thank you David for summizing so efectively what us litterately challenged try to say..
Good effective information for everyone right there. At the tips of our fingers. And it's free!
Thanks

If I may, also just to say that I have the babypips, compassFX video list, Myfxbook dashboard, and a few more pinned and always open.
Myfxbook (https://www.myfxbook.com/ ) I find amazing to help keep track of everything. Basically it's an e-journal, I know there is something similar on FF but someone (sorry cant remember who to give credit) recently showed me the site and its great.
Of course lists like this could go on for ages, but it's all in these pages is the point.

No trades for me as I decided not to trade on Friday. Looking at the charts Im happy with my decision
Promise to step up to the plate and make more relevant posts next week (charts and all!)
  • #13,050
  • Oct 28, 2011 2:29pm Oct 28, 2011 2:29pm
Quoting Britpip7
This a late comment on the chart - I was wathcing e/u and it was seriously ranging - not much movement at all. Great set up but no price action!

I quit on the markets last night really early as they were giving the appearance that the 3 amigos were only going to consolidate following the previous day's activity. Candle heights have reduced considerably and no real news to make any moves occur.

This is setting up nicely for next week when the indicators may have drifted away from their highs - TDI moving from 68 to 50 region and stochastics dropping...
I shorted the E/$ on the 4H at 08:00 cdt with the intention of letting it run over the weekend as a test really. I don't normally do this and in fact I usually close up shop around Thu. noon at the latest but the slope was good when i entered but has weaken since. Should be interesting.

I am writing a plan over the weekend for trading the weekly starting Sun. aft. or Mon. at the latest, I spend too much time in my little den and not enough time in the real community - I think it is called balance. Any comments from the long range (not the Lone Rangers) traders would be appreciated. Have a nice weekend all, p.
  • #13,051
  • Oct 29, 2011 12:59am Oct 29, 2011 12:59am
Ranging market most of the week. Results for the week posted in the attached chart.
Attached Image (click to enlarge)
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  • #13,052
  • Oct 29, 2011 2:12am Oct 29, 2011 2:12am
Quoting Phx62
Ranging market most of the week. Results for the week posted in the attached chart.
Phx62, Thank you for your results. Do you use the M15, to validate the input of trades in H1?
Best regards
Oyapoke
  • #13,053
  • Oct 29, 2011 9:19am Oct 29, 2011 9:19am
I have compiled all the post from Big E and few good advices from some other senior members into a word doc. I know there is pdf file. I have changed the charts to printable format. I like it to print it and read. Hope this will help the new traders like myself. As I continue to to go through the thread I will be adding more stuff to this document. It just helps me to see how others are trading this method. I also will add if someone lost trades.. Great way to learn from others mistakes
  • #13,054
  • Oct 29, 2011 9:23am Oct 29, 2011 9:23am
here is the doc
Attached File(s)
File Type: doc Trading Made Simple.doc   5.5 MB | 2,046 downloads
  • #13,055
  • Oct 29, 2011 10:07am Oct 29, 2011 10:07am
Quoting pipextract
here is the doc
113 pages of "summation" bliss! Congrats on what must have taken you quite some time to put together. I know, I have tried it myself.
I am sure there are those who will say there is no substitute for reading the whole forum, but, then they are probably much younger than me and have that sort of time to kill.
I, for one, appreciate this huge effort on your part.
Thanks.
  • #13,056
  • Oct 29, 2011 10:32am Oct 29, 2011 10:32am
Quoting Oyapoke
Phx62, Thank you for your results. Do you use the M15, to validate the input of trades in H1?
Best regards
Oyapoke
No, per my trading plan I do not validate the H1 trades on the M15. When trading the H1, I base all decisions on what I see on the H1. Much less confusion & indecision that way.
  • #13,057
  • Oct 29, 2011 10:51am Oct 29, 2011 10:51am
Quoting pipextract
here is the doc
Thanks for the PDF; looking forward to studying. And, what did we learn Thursday and Friday evening? Never, never, never give up!
My favorite crochet hook is size J. It's a J-Hook!
  • #13,058
  • Oct 29, 2011 10:52am Oct 29, 2011 10:52am
Quoting pipextract
here is the doc

Thanks
  • #13,059
  • Oct 29, 2011 12:19pm Oct 29, 2011 12:19pm
Quoting Phx62
No, per my trading plan I do not validate the H1 trades on the M15. When trading the H1, I base all decisions on what I see on the H1. Much less confusion & indecision that way.
Thank you! I asked this question because I think that sometimes you "anticipate" the intersection of TDI. For example 24 to 17 hours Tuesday, and I was wondering on what basis you did (the slope of STOC?)
Best regards

Oyapoke
  • #13,060
  • Oct 29, 2011 12:38pm Oct 29, 2011 12:38pm
Quoting Oyapoke
Thank you! I asked this question because I think that sometimes you "anticipate" the intersection of TDI. For example 24 to 17 hours Tuesday, and I was wondering on what basis you did (the slope of STOC?)
Best regards

Oyapoke
Hey Oya,
Just a quick note as I have been tackling just that issue myself lately.
A couple weeks ago I started taking trades by anticipating a cross. It was part of a bigger problem really. The urge to always put trades on. When I didnt see a real setup on my tf (usually h4) I would start switching back and forth trying to anticipate when the cross would be from the relation to the lower tf's. This past Monday I trashed that account as it went pretty much to hell (demo) and went back to basics. Working on patience and discipline.
That's mainly why I re-read the thread as I did. Was sort of a disciplinary action.
Anyways, Im not sure if Phx is doing so or not. I know from reading that he knows what hes doing and I'm sure he knows whats best for him.
My experience with anticipating was a learning experience, which set me back on track, so some good came of it.
Im learning
Plus - the stress levels go through the roof.. at least for me that's how it was.
I thought important to share.
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