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Trading Made Simple

  • #16,721
  • Mar 30, 2013 1:28am Mar 30, 2013 1:28am
week mar 25
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File Type: xlsx Trading journal.xlsx   14 KB | 608 downloads
  • #16,722
  • Mar 30, 2013 2:21am Mar 30, 2013 2:21am
Quoting snarlyjack
Also,

If you keep reading, Big E got to the point where he dropped
the 5 ema & stochastics. He was only using the synergy apb
& Tdi. The reason he taught everyone to use the stochastic
and 5 ema was to give new traders warm fuzzy feelings.

He also played with the Tdi as his exit indicator. First he would exit
when he got up in the morning (n/y open) and close his positions or
switch to the 1 hour charts. Later on, he would exit when the Tdi
turned back into the red signal line (optional exit).

I think that Big E was intraday...
I see a lot of people adding all kinds of things to this system.Me personally all i use is the TDI and heiken ash candles.Doesnt need anything else in my opinion.
  • #16,723
  • Mar 30, 2013 2:57am Mar 30, 2013 2:57am
Hallo Trader fellows!
Last few posts are essential for beginners, Emmanuel showed everything what I felt about HA candles but couldn’t just named it, brought back us very basic of Big E style of trading, further details of Big E style reminded by Snarlyjack, very nice point made by Big E reminded by Littlebunny, finally nice example of trading journal brought for us by Tenmilewalk……
Gentlemen, all week long beginners read about tons of facts and situations on the market creating chances or threats, sometimes this made effect different from expected, we are lost sometimes with number of factors playing a important role…. so day like this one, with this posts, is like nice fresh shower, turning my attention to basics… thank you guys!
Long weekend I will spend reading Big E from page #1, and back testing, I did it already several times but this is never enough….
JacekPreserve Precious Capital
  • #16,724
  • Mar 30, 2013 3:34am Mar 30, 2013 3:34am
Agree with posts about how people start to complicate things up by adding too many indis.

What important is the market movement/sentiment i.e. called Price Action. I saw some one takes the cross too seriously and asked why did you enter this cross but not the other cross etc.

If we really read all of BigE posts, we'll realise that what BigE tried to tell us is trading is not like Black & White, we always have to be flexible. Stick to trading plan, but be flexible, check all the other signals. Because same as other indis, TDI cannot tell future. It just hints us this may be a good entry, we still need to check other signals.

(An obvious example, let say we're in downtrend, TDI cross down near the 32 level, 4s left to finish the first candle, which appears to be red. Do we enter short)

Some may ask what are "other signals"? This is called trading experience which can usually built up during time by either monitoring charts or reading posts/experience from other traders, but generally:

  1. what is the current trend on the TF and the one above it?
  2. what is the previous S/R? if I enter and get profits, what price line will block my profits? Same as loss, if the trade is a loser, what price line will it hit before turning back to my favour or, in other words, I'll accept the loss as it's 100% going the opposite way?
  3. is it a big/strong TDI cross? what level is the TDI now? is it near 32 or 68 level? is the TDI channel tighten? (if so it'll make a big break out)
  4. is it a strong support entry candle, or a weak one?
  5. how are the previous candle compared to this one? are they ranging and this one is a break out? etc. (emmanuel7788's exercises are very good to recall)
  6. and lot more


We only have these sort of questions after we have traded for a while and realise what the market is doing. Or, from reading chart attachments/posts from others who share their own experience

I moved from Ichimoku (which is basically an all-in-one indi & tells everything: SR, trend, PA) to BigE one. And I realise TDI is fairly a better indi and much simpler without the price lag. Same as BigE, I trade H4. I'm not good enough at H1 (even with Xman method) so I reckon other new starters to be the same. if not, move to higher TF like daily. It's extremely easy to be profits by using only APB and 5ema shift 2 on daily chart. I'm not really that patient & want to scalp the hell out of H4 so I trade H4.

Also about why use Heiken Ashi/APB instead of Japanese candle:

  1. Heiken Ashi and Synergy Average Price Bar (APB) are likely the same, but APB calculation is a little bit different and is more accurate (someone tested, not me)
  2. BigE uses APB
  3. APB gives less stress, correct trend as well as the momentum compared to Japanese candles.


For example, at the start of the new candle, Japanese candle appears as a small doji but APB candle can appear as a big normal candle. Hence (if I recall correctly), BigE mentioned in the other thread that he'd get out if the APB candle pull back 5 pips or so. Because this means on the TF (h4), with Japanese candle, the price may have pulled back 30pips.

Also about should we trade now. Holiday = no momentum, so no. (I closed all my trades by the end of Thursday). TDI does not work great if the market has no momentum. Should wait for end of Asian next Tues to look for opportunity.

back... and more dangerous.
  • #16,725
  • Mar 30, 2013 4:41am Mar 30, 2013 4:41am
Hi Everyone

I visiting FF for more than 3 years in guest mode, but this thread forced me to register and say thanks to Big E and others for this awesome and simple method.

I hope to be helpful to others.

Just Thanks again and again till ...
  • #16,726
  • Mar 30, 2013 9:54am Mar 30, 2013 9:54am
Here is some motivation for ya'll...
My first big profits on "TMS" I went out & bought
a Harley Davidson. I would rather ride my motorcycle
than trade the markets but you gotta do what you gotta do.

The second picture is how I approach the markets...

Hope these pictures keep you all motivated!!!

snarlyjack
Attached Image (click to enlarge)
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Attached Image
  • #16,727
  • Mar 30, 2013 10:05am Mar 30, 2013 10:05am
Quoting kbp
[*]how are the previous candle compared to this one? are they ranging and this one is a break out? etc. (emmanuel7788's exercises are very good to recall)
.
hey .. for this part.. where can we find the exercises?
  • #16,728
  • Mar 30, 2013 11:20am Mar 30, 2013 11:20am
Quoting snarlyjack
Also,

If you keep reading, Big E got to the point where he dropped
the 5 ema & stochastics. He was only using the synergy apb
& Tdi. The reason he taught everyone to use the stochastic
and 5 ema was to give new traders warm fuzzy feelings.

He also played with the Tdi as his exit indicator. First he would exit
when he got up in the morning (n/y open) and close his positions or
switch to the 1 hour charts. Later on, he would exit when the Tdi
turned back into the red signal line (optional exit).

I think that Big E was intraday...
You have captured the essence of TMS as Big E intended - Keep it Simple.

One of Big E's posts talked about killing the trade when it had pulled back 10 to 20 pips and then looking for a re-entry point if the trend continued - his experience was that this saved you lots of pips a week and they do add up - I'll often kill a trade that is stalling, or move the SL up and possibly look for an add-on later. If yo take the view that your job is to farm pips and not go for the giant wins on every trade, the farming will result in filling the wheelbarrow on a consistent basis.

Big E was also very strong with his advice abut understanding the S/R levels and would check on the higher timeframes to confirm his entries.

I keep the EMAs on the screen for the Dynamic S/R as you will often see PA tracking one of these and the Supply/Demand Zones are something I would manually add anyway. The 200EMA is one of the most commonly used EMA by the institutional traders and often is a strong PA sticking point, especially so when the 200EMA and 100EMA run together. Sometimes you will see PA crossing the 21EMA - when a candle crosses and closes above / below the 21EMA, verify your TDI - there will be an entry position approaching. (chart attached) This chart is as cluttered as I can take and already breaks the TMS rules - but again, this is my style and works for me.

So much of the TMS approach is going to be down to the individual trader and how they personally handle risk, so for example, you nail the entry candle and PA stalls / pulls back - How do you feel about those pips / $ disappearing? When a trade is in the red, do you close it out, or turn it into a hope trade. when you are in profit, and you reach a take profit target, do you keep it open and try to milk the trade for some more?

The truth is that you won't know this until you have real money in the game. Demo accounts are great ego boosters trading with multiple lots and raking in tons of profit - unfortunately it counts for nothing when you go live - that's when emotions creep in and screw with your brain. when you are trading with a full lot and your trade is in the red by 30 pips, you are $300 in the hole, however the main trend is still with you - should you stay in? - can you live with that? what if it goes another 20 pips against you? My trading mantra was to trade like a Vulcan - no emotions! One day I may get close

Back Testing and Demo accounts will get you more proficient at picking the lower risk / high probability entries, so keep practicing and then run with 0.1 / 0.2 lots, and then follow the SL and TP advice. Set very definitive goals for each trade and don't muck with it. Do this fo a month and journal every trade - post you charts, it'll keep you honest - even the ones that beat you up. At the end of each trade analyse what went well and what didn't. When you look back at the chart in hindsight, was there an entry? or were you hoping it would go in a certain direction? Did you stick to your plan?

For those of you following TMS, you will have seen Rick (dcginc) posting the ATR pips UL Corner (check out his posts on TMS) - settings were: periods = 7 and multiplier = 1. I still use this to set the SL and TP levels, so once these are set , the only changes will be to close early if PA stalls - I will never extend the SL or the TP once set. If ATR 7 = 100 pips, then TP1 = 100pips, SL will either = 100pips or swing H/L. I will also place a second entry, same SL but TP2 left to run with SL changed to BE after TP1 is hit.

It's all part of the journey.

Happy pip hunting
Attached Image (click to enlarge)
Click to Enlarge Name: britpip7 tms day chart.gif Size: 32 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #16,729
  • Mar 30, 2013 12:41pm Mar 30, 2013 12:41pm
Quoting snarlyjack
Here is some motivation for ya'll...
My first big profits on "TMS" I went out & bought
a Harley Davidson. I would rather ride my motorcycle
than trade the markets but you gotta do what you gotta do.

The second picture is how I approach the markets...

Hope these pictures keep you all motivated!!!

snarlyjack
Awesome bike Gotta love those
  • #16,730
  • Mar 30, 2013 6:40pm Mar 30, 2013 6:40pm
Quoting Britpip7
You have captured the essence of TMS as Big E intended - Keep it Simple. One of Big E's posts talked about killing the trade when it had pulled back 10 to 20 pips and then looking for a re-entry point if the trend continued - his experience was that this saved you lots of pips a week and they do add up - I'll often kill a trade that is stalling, or move the SL up and possibly look for an add-on later. If yo take the view that your job is to farm pips and not go for the giant wins on every trade, the farming will result in filling...


hi everyone ... I'm happy because my question about indicators HA AND APB synergic have developed these posts for discussion on this subject, clarified my doubts and I hope to have contributed to help others with the same questions as me.
But quite honestly say that it was much more important to have contributed to that BIG-E back to be remembered, to have spoken it again made ​​me very very happy.
I wish you all good health and a GOOD and HOLY EASTER.
regards,
JVBS:
Work very hard until you get there (excuse my english)
  • #16,731
  • Edited Mar 31, 2013 12:25am Mar 30, 2013 7:08pm | Edited Mar 31, 2013 12:25am
Quoting jvbs
hi everyone ... I'm happy because my question about indicators HA AND APB synergic have developed these posts for discussion on this subject, clarified my doubts and I hope to have contributed to help others with the same questions as me. But quite honestly say that it was much more important to have contributed to that BIG-E back to be remembered, to have spoken it again made ​​me very very happy. I wish you all good health and a GOOD and HOLY EASTER. regards, JVBS:

I am happy that you are happy.

Since I am happy, I made this chart example for you. Learn this and look out on your charts next week starting Tuesday 2 April.
Monday, do not waste time trading live, Just back-test and see how often such chart condition occurred in the past. Internalise these and it will become intuitive when you trade live.

Big E said a few times before, "...PA is PA no matter the method we use. But do not mix the rules of other systems into TMS..."

Have a Wonderful Weekend.

Be Blessed.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,732
  • Edited Mar 31, 2013 12:26am Mar 30, 2013 7:16pm | Edited Mar 31, 2013 12:26am
Quoting snarlyjack
Here is some motivation for ya'll... My first big profits on "TMS" I went out & bought a Harley Davidson. I would rather ride my motorcycle than trade the markets but you gotta do what you gotta do. The second picture is how I approach the markets... Hope these pictures keep you all motivated!!! snarlyjack
http://www.forexfactory.com/attachme...1&d=1364655207

Hi snarlyjack,

I love your Harley.

Next time, please post a photo of your lodge up in the mountains where you camp out and catch those salmons.

How many times did you see that Puma?

http://www.flixxy.com/bear-animal-nature-film.htm

Cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,733
  • Mar 30, 2013 8:43pm Mar 30, 2013 8:43pm
How to catch 'falling knife'?

Same chart like this one above.
just turn it upside down.

http://www.forexfactory.com/attachme...1&d=1364688474

The world looks different when you do the head-stand.
Attached Image (click to enlarge)
Click to Enlarge Name: PA and falling knife .png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,734
  • Mar 30, 2013 9:03pm Mar 30, 2013 9:03pm
Quoting virgoir
Hi Everyone I visiting FF for more than 3 years in guest mode, but this thread forced me to register and say thanks to Big E and others for this awesome and simple method. I hope to be helpful to others. Just Thanks again and again till ...

Hello virgoir,

Welcome to Trading Made Simple.
Here is s snap shot of post#1 and there is an important message which Big E is talking to first time traders who are new to TMS.
Sadly, we no longer Skype nor PM Big E as he is back with his Creator.

But he had the foresight that many others who learned and studied under him will be here to help new comers to TMS. I am grateful to a few names - X-Man, snarlyjack, Britpip7 and few others who keep the TMS spirit alive today.

So please do as Big E said. Post your charts and ask questions. Never mind if your English is not good. Our charts is the common language. The words/terminology we use for examples - PA, TDI, APB, HA, Supp/Res, 12-2, 4-6, etc. all part of the TMS language.

Abide by Forex Factory membership rules. Respect other traders/members.

Gratitude is important when you become a successful trader. Be socially responsible to the less fortunate. Pay it forward when your time come.

Have a Great Learning Journey in TMS.
Attached Image (click to enlarge)
Click to Enlarge Name: Big E say to TMS newbies.png Size: 93 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,735
  • Mar 30, 2013 10:07pm Mar 30, 2013 10:07pm
Emmanuel,

That was great and I appreciated it!!!

Happy Easter

snarlyjack
  • #16,736
  • Mar 31, 2013 4:42am Mar 31, 2013 4:42am
Quoting snarlyjack
Here is some motivation for ya'll... My first big profits on "TMS" I went out & bought a Harley Davidson. I would rather ride my motorcycle than trade the markets but you gotta do what you gotta do. The second picture is how I approach the markets... Hope these pictures keep you all motivated!!! snarlyjack
Congratulations Snarlyjack ..........warm wishes for more success of TMS.
  • #16,737
  • Mar 31, 2013 7:43am Mar 31, 2013 7:43am
Quoting snarlyjack
Guys and Gals, I'm to the point that I don't use the stochastics that much anymore and just rely on the TDI indicator. The stochastics cycles differently than the TDI and I trust the TDI more. (but that's just me)... Also I work at night. Before I go to work I'll set my trades (2 four hour bars). I work from 10:00 P.M. to 6:00 A.M. mountain standard time which is about 4 hours before the London open. I'll set a $100.00 hard stop (just in case) and go to work. I can't check my charts until I get home again 8 hours later. For the most part 80% of...
exactly what I'm looking for ;-) Live in europe and work many days where I can't trade intra day... Thanks for your help...
@pawpaw1000 on Twitter
  • #16,738
  • Mar 31, 2013 10:21am Mar 31, 2013 10:21am
Emmanuel7788 Hello,

l am very happy to be enjoying your postings again. my initial posting was actually harsh and im sorry if it hurts you.l appreciate all your contribution here. l believe this is the best thread and trading system in the whole of the internet as of now. very simple and well detailed. lt has made me very profitble, putting dollar before me and on my table.

Thanks all.
  • #16,739
  • Mar 31, 2013 11:23am Mar 31, 2013 11:23am
Quoting emmanuel7788
How to catch 'falling knife'? Same chart like this one above. just turn it upside down. http://www.forexfactory.com/attachme...1&d=1364688474 ("http://www.forexfactory.com/attachment.php?attachmentid=1162661&d=1364688474") The world looks different when you do the head-stand.
Very nice example of an entry position established after a trend run. Very often this is the safest entry as everything is already established and PA is just pausing before picking up speed again.

Nice one Emmanuel
"To live with Passion, it takes Courage and Grace to survive"
  • #16,740
  • Mar 31, 2013 9:53pm Mar 31, 2013 9:53pm
Quoting emmanuel7788
I am happy that you are happy. Since I am happy, I made this chart example for you. Learn this and look out on your charts next week starting Tuesday 2 April. Monday, do not waste time trading live, Just back-test and see how often such chart condition occurred in the past. Internalise these and it will become intuitive when you trade live. Big E said a few times before, "...PA is PA no matter the method we use. But do not mix the rules of other systems into TMS..." Have a Wonderful Weekend. Be Blessed. {image}
Isnt that just basically what Big E called a bounce trade?
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