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Trading Made Simple

  • #24,921
  • Sep 11, 2013 11:15am Sep 11, 2013 11:15am
Quoting FoxTraderGBP
Hey, guys. My two cents. Don't you think that it is all become too complicated? After all, the system is called "Trading Made Simple". But this is not easy. TDI draws an afterthought and it is very annoying and confusing. I tried several times to trade at TMS by the classical rules and with options and different time frames. Yes, there is a profitable transaction, but not less loss and loss turns himself more. What do you think about this? If anyone turns out well and consistently make profits from TMS then my congratulations but I have no stability...
Post#261 is the answer.
Method is simple.
PA remains a mystery and requires discretion.
TDI shows you the price relative strength of the period you chose.
We all trade the price and not the relative strength.
Money management is a personal choice.

CONSISTENCY is but one of many issues faced by traders here and every where.
Attached Image (click to enlarge)
Click to Enlarge Name: Big E Post_261.png Size: 147 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,922
  • Sep 11, 2013 12:21pm Sep 11, 2013 12:21pm
Quoting FoxTraderGBP
Hey, guys. My two cents. Don't you think that it is all become too complicated? After all, the system is called "Trading Made Simple". But this is not easy. TDI draws an afterthought and it is very annoying and confusing. I tried several times to trade at TMS by the classical rules and with options and different time frames. Yes, there is a profitable transaction, but not less loss and loss turns himself more. What do you think about this? If anyone turns out well and consistently make profits from TMS then my congratulations but I have no stability...

im learning forex nearly 5 years and i learned that the most important is psychology and risk managment.
you have to think first about the risk. how much would i risk for this trade?
you have to think and not take every cross of tdi indicator
i don't think that's all to see cross two lines and open position. important is not go againts trend and try pick up tops and bottoms,only greedy people do this not smart traders
another think is let profits run and not take 15 pips and have 20 pips stop loss...
if you have for example 70 pip profit and market reach 50 pip change your stop loss on break even on 5-10 pip for you. dont let positions like this go to minus
  • #24,923
  • Sep 11, 2013 12:35pm Sep 11, 2013 12:35pm
done , i took the profit. another good trade with weekly pivot direction
i took profit on lover trendline channel, if it is channel
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-proh1.png Size: 81 KB
  • #24,924
  • Sep 11, 2013 12:40pm Sep 11, 2013 12:40pm
Quoting FoxTraderGBP
Hey, guys. My two cents. Don't you think that it is all become too complicated? After all, the system is called "Trading Made Simple". But this is not easy. TDI draws an afterthought and it is very annoying and confusing. I tried several times to trade at TMS by the classical rules and with options and different time frames. Yes, there is a profitable transaction, but not less loss and loss turns himself more. What do you think about this? If anyone turns out well and consistently make profits from TMS then my congratulations but I have no stability...

and don't trade TF lower than 1 hour. i think there are more false signals
  • #24,925
  • Sep 11, 2013 12:52pm Sep 11, 2013 12:52pm
I think the biggest problem for most of people is that they think they become rich in one month. im learning 5 years but trading live about 2 years. i still don't trade great but is better than 3 years ago. making money but small. i know that for me is good trade for small money few years and maybe than go for bigger lots.if you want to make money in the markets it takes years the same as if you want to get good job you have to study school for 10 years. reports of brookers saying 90 percent of traders finish in 1 year of trading.and there is problem. they want to be rich too quick.
  • #24,926
  • Edited 1:43pm Sep 11, 2013 1:17pm | Edited 1:43pm
Quoting FoxTraderGBP
Hey, guys. My two cents. Don't you think that it is all become too complicated? After all, the system is called "Trading Made Simple". But this is not easy. TDI draws an afterthought and it is very annoying and confusing. I tried several times to trade at TMS by the classical rules and with options and different time frames. Yes, there is a profitable transaction, but not less loss and loss turns himself more. What do you think about this? If anyone turns out well and consistently make profits from TMS then my congratulations but I have no stability...
FoxTraderGBP, this system is simple, WHEN you can read the PA. Nothing will work, when you cant read the PA.
And its possible to trade this system in every timeframe, but the easiest one is H4.
Maybe you trade the Indicator and not the PA ?
I make this mistake in my beginner time at Forex.
Was trading just the Indicator and not the PA.

In a trending market, with nice directions changes is it easy to trade. But what happen when the HA candles change color for color? Now you need the skills to read the PA, just a friendly chart from me:
Attached Image (click to enlarge)
Click to Enlarge Name: GJ h4.png Size: 53 KB


What i learned from the thread is, don't look just on the TDI, take a loot at the HA candle and when they break a breath
  • #24,927
  • Sep 11, 2013 1:19pm Sep 11, 2013 1:19pm
Quote
and don't trade TF lower than 1 hour. i think there are more false signals
So do I.
Quote
I think the biggest problem for most of people is that they think they become rich in one month. im learning 5 years but trading live about 2 years. i still don't trade great but is better than 3 years ago. making money but small. i know that for me is good trade for small money few years and maybe than go for bigger lots.if you want to make money in the markets it takes years the same as if you want to get good job you have to study school for 10 years. reports of brookers saying 90 percent of traders finish in 1 year of trading.and there...
This is not about me.
Not in this case. False signals are on the 4H and 1D. Well, if you got on the trend, but if flat, all earned leave, although TDI generated the signals properly. But how do you know it is flat or a trend? The eternal question. Is it just me there is no stability? I have been working on the option market, and I want to adapt this system to trade options, but as long as the result isn't happy. Next see how it does.
Greed and fear kills traders
  • #24,928
  • Sep 11, 2013 1:20pm Sep 11, 2013 1:20pm
Quoting Bangokar
{quote} if you have for example 70 pip profit and market reach 50 pip change your stop loss on break even on 5-10 pip for you. dont let positions like this go to minus
Good point, love it...
  • #24,929
  • Sep 11, 2013 1:22pm Sep 11, 2013 1:22pm
Quoting FoxTraderGBP
{quote} So do I. {quote} This is not about me. Not in this case. False signals are on the 4H and 1D. Well, if you got on the trend, but if flat, all earned leave, although TDI generated the signals properly. But how do you know it is flat or a trend? The eternal question. Is it just me there is no stability? I have been working on the option market, and I want to adapt this system to trade options, but as long as the result isn't happy. Next see how it does.
Can i ask which pairs do you trade ?
  • #24,930
  • Sep 11, 2013 1:55pm Sep 11, 2013 1:55pm
Quote
Can i ask which pairs do you trade ?

E/U and G/U.
Greed and fear kills traders
  • #24,931
  • Sep 11, 2013 2:03pm Sep 11, 2013 2:03pm
Quoting FoxTraderGBP
{quote} E/U and G/U.
For me, that are both pairs which i really dont like and when i look at this chart's and compare it, for example with GJ i feel that GJ is easier to handle.

Eventual you will take a look on different pairs? i think, maybe this will help you too.

EDIT: and what i really recommend is, take a look at the HA, like my screen above.
just my mine
  • #24,932
  • Sep 11, 2013 2:03pm Sep 11, 2013 2:03pm
Quoting Fame of me
{quote} Good point, love it...

trying to help others. we have to think like an investors. it has to be investors risk not a loss. and that's different. if im gonna risk my money i have to know first how much i want bck for this risk.
another problem is that sometimes people are thinking that if market did rally 200 pip this week it has to do the same this week
  • #24,933
  • Sep 11, 2013 2:13pm Sep 11, 2013 2:13pm
Quoting Bangokar
{quote} trying to help others. we have to think like an investors. it has to be investors risk not a loss. and that's different. if im gonna risk my money i have to know first how much i want bck for this risk. another problem is that sometimes people are thinking that if market did rally 200 pip this week it has to do the same this week

next week sorry
  • #24,934
  • Sep 11, 2013 2:14pm Sep 11, 2013 2:14pm
Here a chart how i see it, maybe it will help someone
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 75 KB
  • #24,935
  • Sep 11, 2013 2:22pm Sep 11, 2013 2:22pm
Quoting Fame of me
Here a chart how i see it, maybe it will help someone {image}

yes. me too
but i saw people here they do this.trying to go againts strong trends
  • #24,936
  • Sep 11, 2013 2:24pm Sep 11, 2013 2:24pm
Quoting Bangokar
{quote} yes. me too but i saw people here they do this.trying to go againts strong trends
In the beginnertime with this system, i did it to, because - i was just trading the TDI, and not the PA with the tool TDI
  • #24,937
  • Sep 11, 2013 6:47pm Sep 11, 2013 6:47pm
Hi All,

Been very busy in work the last three weeks, 12H+ days at the office! Unfortunately, no time to post here or no time to refine my trading strategy! Still I come bearing gifts....attached is a short pdf of some of Emmanuels trade management examples for reference/idea generation (this is no substitute for reading the whole thread) Have a good day tomorrow everyone!

Erol

Attached File(s)
File Type: pdf Emmanuel on trade management.pdf   2.0 MB | 2,759 downloads
  • #24,938
  • Sep 11, 2013 8:39pm Sep 11, 2013 8:39pm
Quoting emmanuel7788
EU 10 Sep: A rather small bull day for EU and H4 looks toppisch with consolidation which is a good sign with opportunity ahead. Noting the H4 TDI Pl went outside the VB and re-enters. Noticed some increase in volume during US session driving price up to 1.3260 level, will be watching this level today
Quoting emmanuel7788
EU H4 view 11 Sep: Let's see how the current H4 candle will close and see if that will give us 4H setup for sell. There are risks in this trade, so it is our job as traders to mitigate the risks. {image} If you simply trade TDI PL Green cross TSL Red, no matter what timeframe chart you trade, you are adopting a scalping approach.
Attached Image (click to enlarge)
Click to Enlarge Name: EU week 37 H4 11-9-2013 12-56-46 PM.png Size: 35 KB


Several 4H later,

Attached Image (click to enlarge)
Click to Enlarge Name: EU week 37 H4 after 12-9-2013 8-51-08 AM.png Size: 41 KB


After a trend, there is consolidation. Ask why there is consolidation.
Breakout of consolidation area in almost all cases start from inside the consolidation area.

How to trade this? You have to back-test and forward test to learn these and internalise these till you reach the stage of Unconscious Competence.

If you simply trade TDI cross, you will be scalping for some pips when there is increase in price relative strength. That work for some people.

But when you trade Price Action, you will get into the market well before the burst in price relative strength... i.e. before the TDI cross over . When you see the TDI cross over in a breakout situation, you are late and you are chasing the tail-end of the breakout candle.

When you can consistently identify the Support and Resistance and use them consistently, that will lead you to CONSISTENCY in your trading results.

Better it will be when you try to read the market psychology behind all those chart patterns like Head and Shoulders, Double Tops, Double Bottoms, Triple Tops, Tripe Bottoms, etc. These chart patterns are there all the time in all different timeframes.

Is this complicated?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,939
  • Sep 11, 2013 11:54pm Sep 11, 2013 11:54pm
Overall market today 12 Sep...just after TOK_5H.

weak USD
strong JPY

Hmmm..

we are seeing the usual .... Fear and Greed in this type of market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,940
  • Sep 12, 2013 12:01am Sep 12, 2013 12:01am
Here is one chart example for those who want to learn and practice in realtime .

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD week 37 H4 12-9-2013 12-56-04 PM.png Size: 23 KB


What do you see in terms of PA?

Who is in control of the market? Buyers or Sellers?

Where is the next close by historical support and resistance?

What does the TDI tell you after you done the above?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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