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Monitor for 'Trading Made Simple' system 565 replies

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

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

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #15,101
  • Jun 24, 2012 1:45pm Jun 24, 2012 1:45pm
The latest that we heard was that he had a second round of illness and his health was not doing well after repeated visits to the hospital.

I know a couple of the guys on the TMS thread were in contact - hopefully he made it all the way back to health.


Our thoughts and prayers go out to him. Big E's methods and approach have changed many traders approaches to trading and many are benefiting hugely from all of his devotion to the thread.

Cheers Big E
"To live with Passion, it takes Courage and Grace to survive"
  • #15,102
  • Jun 24, 2012 1:52pm Jun 24, 2012 1:52pm
Quoting smarco
Hi friends,
a little question ;-)

Can I anter in "ALL" trade when green crosses red on the TDI at the beginning of that candle... (candle <3) or also if green bounces off red and continues...?

Are there another values to "read", before enter?
For example enter only (or is better) if TDI is near/out 32/68?
Can I enter in "all" TDI points?

Is it important yellow moving average (5 period) for enter in a trade?

Thanks again!
Review Big E's posts on the Trading Made Simple thread - especially the Training Charts.

Not all TDI crosses are made equal, so take some time on the backtesting to understand the parterns that result in the best moves.

Many times when TDI is above 68 or below 32, a cross stalls out as the trend takes on a another run. Watch for the strength of the signal HA candle / APB. My preference is to enter after confirmation of the cross on the second candle.
"To live with Passion, it takes Courage and Grace to survive"
  • #15,103
  • Jun 24, 2012 8:59pm Jun 24, 2012 8:59pm
Quoting Rille
Hi eelfranz, I need some more charts of examples please, for example would this have been a good long trade (the red line), and does the price have to close above the yellow MA before I take it

How did you get the trend ending dots, the red and green dots on the chart. I've loaded several and I haven't seen that 1 yet
  • #15,104
  • Jun 24, 2012 9:51pm Jun 24, 2012 9:51pm
For those of you adding indicators like they are going out of fashion, it is time to get back to basics as Big E was teaching, plus the ATR UL that dcginc introduced.

The charts need to be clean, otherwise you end up distracted and seeing conflicting signals. - KISS - Keep It Short & Simple, or if you prefer, Keep It Short Stupid

Attached is the TDI Watchdog template

The Synergy APB_C can be edited to change the colours and widths, but other than that is identical to the APB used by Big E / Dean Malone

Also for anyone interseted I have included my TDI settings - none of the initial settings have been changed, just the alerts and the text along with the traditional TDI lines.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: tdi chart.gif Size: 20 KB
Click to Enlarge Name: TMS Watchdog settings - Britpip7.GIF Size: 111 KB
Attached File(s)
File Type: tpl britpip7 tdi.tpl   5 KB | 711 downloads
File Type: ex4 ATR Pips UL corner.ex4   3 KB | 644 downloads
File Type: ex4 Synergy_APB_[C].ex4   4 KB | 602 downloads
"To live with Passion, it takes Courage and Grace to survive"
  • #15,105
  • Edited 6:29am Jun 25, 2012 6:12am | Edited 6:29am
Quoting Britpip7
For those of you adding indicators like they are going out of fashion, it is time to get back to basics as Big E was teaching, plus the ATR UL that dcginc introduced.

The charts need to be clean, otherwise you end up distracted and seeing conflicting signals. - KISS - Keep It Short & Simple, or if you prefer, Keep It Short Stupid

Attached is the TDI Watchdog template

The Synergy APB_C can be edited to change the colours and widths, but other than that is identical to the APB used by Big E / Dean Malone

Also for anyone interseted I have included...
I agree Britpip. You need to keep it simple. What I have found to work best for me is to trade the TDI in the direction of the higher TF for optimal results and better entry. I don't even use stochastics anymore, and find that adding TDI MTF under the normal TDI works best. I'll trade the lower TF in the direction of the 1hr/4hr/daily TDI. You get an earlier signal and ride the wave much longer by using this method. Here is the indie below. I hope we can resurrect this thread. Such valuable information here. Best wishes to BigE. Hope he get's better.
Attached File(s)
File Type: ex4 TDI-Osc Histo 3TF v1.02.ex4   15 KB | 791 downloads
  • #15,106
  • Jun 26, 2012 12:10am Jun 26, 2012 12:10am
Quoting FXSwissTrader
I agree Britpip. You need to keep it simple. What I have found to work best for me is to trade the TDI in the direction of the higher TF for optimal results and better entry. I don't even use stochastics anymore, and find that adding TDI MTF under the normal TDI works best. I'll trade the lower TF in the direction of the 1hr/4hr/daily TDI. You get an earlier signal and ride the wave much longer by using this method. Here is the indie below. I hope we can resurrect this thread. Such valuable information here. Best wishes to BigE. Hope he get's...
Thanks to you & BP7 for the effort to get this thread going in the right direction again. My charts are now aligned to you & Britpip and it is time to get trading the basics as was intended by Big E. I have included the TDI MTF so thanks for that also. You stated that you trade the lower TF in the direction of the 1,4 & Daily TDI"s. Did you mean that you will take a trade off the 30min so long as it is confirmed by these higher TF's or do you mean you will take 1hr signal provided it is in the direction of the 4hr & Daily? Chart attached for your comments - is this something like what we should be looking for ? I have left the Sonic Channel on as it gives me a good visual of trend & possible areas of S & R. Thanks for your comments
Binnie
Attached Image (click to enlarge)
Click to Enlarge Name: tdi sample 26june.gif Size: 29 KB
  • #15,107
  • Jun 26, 2012 1:30am Jun 26, 2012 1:30am
Hi Britpip - thanks for your template. I have tracked back to find the PDF & description from dcginc. On loading the link from your post, I see that the value of the ATR on my charts is shown as 300% of ATR 20 . This differs from dcginc which is based on x times ATR 7. Is this a personal thing or have I missed something ? Looks a neat method of determining risk and possible targets.
Binnie
  • #15,108
  • Jun 26, 2012 1:50am Jun 26, 2012 1:50am
GU signal confirmed on 30min chart. Any feedback from anyone ?
Binnie
Attached Image (click to enlarge)
Click to Enlarge Name: tdi sample 26june 1.gif Size: 32 KB
  • #15,109
  • Jun 26, 2012 1:59am Jun 26, 2012 1:59am
Quoting binnie
GU signal confirmed on 30min chart. Any feedback from anyone ?
Binnie
Hi,

H4 show HH HL ... so buy is a better idea.
yesterday there was no follow through down to fib-e 127%, and looks like PA is retracement back into last week range.

but how will you get a better entry price now?

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 26 H4 26 Jun 26-6-2012 2-54-25 PM.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,110
  • Jun 26, 2012 2:44am Jun 26, 2012 2:44am
Quoting emmanuel7788
Hi,

H4 show HH HL ... so buy is a better idea.
yesterday there was no follow through down to fib-e 127%, and looks like PA is retracement back into last week range.

but how will you get a better entry price now?

regards,
Hi Emm, I guess you are referring to the GU chart I posted. Although it is only the 30min, it confirms a long entry. Entry 1.55860. The 3 times ATR of that bar was 23 pips. Currently past that take profit. Must admit, using the ATR is new to me so will need fair bit of practice to learn how to apply it to suit my style. Still not sure whether to use the ATR20 or ATR7 . Cheers for your feedback.
Binnie
Attached Image (click to enlarge)
Click to Enlarge Name: tdi sample 26june 2.gif Size: 29 KB
  • #15,111
  • Jun 26, 2012 3:11am Jun 26, 2012 3:11am
Signal for long entry but confirmed cross on TDI not until the 2nd white bar. To me that says an entry can be taken on the open of the next bar which in this case would be bar #3. Thus it is not an acceptable trade. As the TDI turns away again it gives an opportunity to enter long on a bounce BUT the entry price would be BRO (Big Round Number) .79000 so should stay away from this one. As it turns out, the profit target of 25 approx would be achieved.
Hope I am seeing these trades the right way ?
Binnie
Attached Image (click to enlarge)
Click to Enlarge Name: tdi sample 26june 3.gif Size: 30 KB
  • #15,112
  • Jun 26, 2012 3:11am Jun 26, 2012 3:11am
Quoting binnie

Thanks to you & BP7 for the effort to get this thread going in the right direction again. My charts are now aligned to you & Britpip and it is time to get trading the basics as was intended by Big E. I have included the TDI MTF so thanks for that also. You stated that you trade the lower TF in the direction of the 1,4 & Daily TDI"s. Did you mean that you will take a trade off the 30min so long as it is confirmed by these higher TF's or do you mean you will take 1hr signal provided it is in the direction of the 4hr & Daily? Chart attached...

Yes, I will trade the 30min TF in the direction of the higher TF. What I have noticed is there are less fakies on the 30 then the 15min TF. As so, I wait for a perfect entry just like big E explained, but on the 30 min TF.
  • #15,113
  • Jun 26, 2012 3:14am Jun 26, 2012 3:14am
Quoting binnie
GU signal confirmed on 30min chart. Any feedback from anyone ?
Binnie
Change your MTF to 1hr-4hr-1day.
  • #15,114
  • Jun 26, 2012 3:15am Jun 26, 2012 3:15am
Quoting binnie
Hi Emm, I guess you are referring to the GU chart I posted. Although it is only the 30min, it confirms a long entry. Entry 1.55860. The 3 times ATR of that bar was 23 pips. Currently past that take profit. Must admit, using the ATR is new to me so will need fair bit of practice to learn how to apply it to suit my style. Still not sure whether to use the ATR20 or ATR7 . Cheers for your feedback.
Binnie
Perfect entry.
  • #15,115
  • Jun 26, 2012 3:54am Jun 26, 2012 3:54am
Quoting FXSwissTrader
Change your MTF to 1hr-4hr-1day.
Can you walk me through this please FXSwiss - If I am on a 30m chart it automatically loads 30m / 60m & 4hr. When I click to a 60min chart, the Indi shows the 1hr / 4hr & Daily.. and so on..... I understand what you are telling me, I just don't know how to make the change. I am assuming that whatever TF i am looking at, I need to have the next 3 TF's showing on the Indi.?? Thanks
  • #15,116
  • Jun 26, 2012 4:24am Jun 26, 2012 4:24am
EU short confirmed 1.2486. Target 3 x ATR = 36 pips. S/Loss also 36 pips.
The Daily TF is also down so this 30min trade is in same direction as 1hr/4hr & the Daily.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 26jun.gif Size: 32 KB
  • #15,117
  • Edited 6:44am Jun 26, 2012 4:24am | Edited 6:44am
Quoting binnie
Can you walk me through this please FXSwiss - If I am on a 30m chart it automatically loads 30m / 60m & 4hr. When I click to a 60min chart, the Indi shows the 1hr / 4hr & Daily.. and so on..... I understand what you are telling me, I just don't know how to make the change. I am assuming that whatever TF i am looking at, I need to have the next 3 TF's showing on the Indi.?? Thanks
Go inside the properties menu of the indie and change your 3 TF's to 60, 240, 1440 and turn off the timeframe auto. Be careful today. Most pairs are ranging especially E/U. I have also found it useful to add the yellow line back onto the TDI to give me a broader picture of the trend(slope) in order to prevent fake outs and counter trend crosses.
  • #15,118
  • Jun 26, 2012 5:16am Jun 26, 2012 5:16am
Quoting FXSwissTrader
Go inside the properties menu of the indie and change your 3 TF's to 60, 240, 1080 and turn off the timeframe auto. Be careful today. Most pairs are ranging especially E/U.
Thanks for that - now changed on my last 30m chart. What I saw previously is no longer a trade. In fact the latest bar to form is accompanied by the MTF 's being in sync for a LONG. The 1st colour change bar was neither a TDI cross or MTF confirmation. THe cross has now happened & all 3 higher TF's are green. My entry would be a limit order of the close of the previous bar 1.2506 + spread. Is this what you would be looking to do also ? Of course this current white bar can & does change during its 30min life and if it retraces far enough & turns RED, the MTF indicator may also change. What is your recommendation for this scenario? Go for the entry when everything lines up or wait for a close of the 2nd white bar - which then means an entry at the open of the 3rd bar ( Not In the Basic Rules).
Thx again for your take on this.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 26jun1.gif Size: 27 KB
  • #15,119
  • Edited 5:30am Jun 26, 2012 5:18am | Edited 5:30am
Quoting binnie
Thanks for that - now changed on my last 30m chart. What I saw previously is no longer a trade. In fact the latest bar to form is accompanied by the MTF 's being in sync for a LONG. The 1st colour change bar was neither a TDI cross or MTF confirmation. THe cross has now happened & all 3 higher TF's are green. My entry would be a limit order of the close of the previous bar 1.2506 + spread. Is this what you would be looking to do also ? Of course this current white bar can & does change during its 30min life and if it retraces far enough & turns...
Go back and read my previous post. I added to it.
  • #15,120
  • Jun 26, 2012 5:37am Jun 26, 2012 5:37am
Cheers FXSwiss , I will put the yellow median line back on the TDI. I am grateful for your help.
Binnie
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