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

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #38,281
  • Jun 12, 2014 4:42pm Jun 12, 2014 4:42pm
Quoting Fame of me
{quote} Ok, I dont get it. Why you post that chart? What you want show us? There was GBP news, that caused the move.
There is a Big E pdf that shows the original chart set up. That is what I am showing you. If you just trade EXACTLY like Big E said to, you will make pips.

Red crosses green within the first three bars of an HA color change....pull the trigger. I will post charts regularly illustrating this. If you have comments or questions, please, feel free to ask them.
If you are good at something, never do it for free--Joker
  • #38,282
  • Jun 12, 2014 4:53pm Jun 12, 2014 4:53pm
Quoting jmn5611
{quote} There is a Big E pdf that shows the original chart set up. That is what I am showing you. If you just trade EXACTLY like Big E said to, you will make pips. Red crosses green within the first three bars of an HA color change....pull the trigger. I will post charts regularly illustrating this. If you have comments or questions, please, feel free to ask them.
ok, maybe I am totally blind, I see just a screen of a chart, with no trade.
Just a blank chart. And now?

If you want just show blank charts, then I got your point. But I am not totally sure how that would help new peoples in the thread.

If you would point out entries, that would make more sense, ok, would make more sense for me.

And thanks, I know how he was trading ;-)
  • #38,283
  • Jun 12, 2014 5:03pm Jun 12, 2014 5:03pm
Quoting jmn5611
{quote} Up 40 pips in bar 1. {image}
According to Big E you wouldn't enter that candle. Big E avoided news, if there's red news pending he wouldn't play that pair. Also it's the wrong time of day, trading into lonely Sydney session was not what he did.

Also TDI cross is not confirmed until candle close. So your entry would be the open of the next candle.
Everything you can imagine, is real - Pablo Picasso
  • #38,284
  • Jun 12, 2014 5:08pm Jun 12, 2014 5:08pm
Quoting Direwolf
{quote} According to Big E you wouldn't enter that candle. Big E avoided news, if there's red news pending he wouldn't play that pair. Also it's the wrong time of day, trading into lonely Sydney session was not what he did. Also TDI cross is not confirmed until candle close. So your entry would be the open of the next candle.

very true. Also you should only take 4 hours trades 10 and 2 am PST(12 and 4 am my time) and 1 hour trades the first 3 hours of the NY morning session.
Luck is what happens when preparation meets opportunity
  • #38,285
  • Jun 12, 2014 5:15pm Jun 12, 2014 5:15pm
Quoting Direwolf
{quote} Also TDI cross is not confirmed until candle close. So your entry would be the open of the next candle.
I think you'll find that Eelfranz always said he liked to see a good cross at the beginning of the candle and if he did, then he would go in. Not a touch green on red but a good cross, he didn't wait for that candle to close.
  • #38,286
  • Jun 12, 2014 5:16pm Jun 12, 2014 5:16pm
For me, TMS work on all timeframes.

My opinion is, if you understand the key of TMS, the rules of entering, then you are able to trade TMS on every timeframe.
Ya sure M1 would be crazy

But TMS is working also very well on M5, M15 and H1, for ME...

I agree with Direwolf:
Quoting Direwolf
{quote} ...Also TDI cross is not confirmed until candle close. So your entry would be the open of the next candle.
And I guess, thats one of the big mistake from Newbies.

TMS is not : I see a cross I jump in.

Thats not how it work.

Also important is, how the TDI is pointing.

But I dont need to repost that again, because, everything is in the first several pages.
  • #38,287
  • Jun 12, 2014 5:16pm Jun 12, 2014 5:16pm
Quoting Direwolf
{quote} According to Big E you wouldn't enter that candle. Big E avoided news, if there's red news pending he wouldn't play that pair. Also it's the wrong time of day, trading into lonely Sydney session was not what he did. Also TDI cross is not confirmed until candle close. So your entry would be the open of the next candle.
I am aware that it is the wrong time of day. I had no idea that there was news though. Thanks for the critique, and let's see some charts showing how it's really done!
If you are good at something, never do it for free--Joker
  • #38,288
  • Jun 12, 2014 5:21pm Jun 12, 2014 5:21pm
Quoting lastingwell
{quote}I think you'll find that Eelfranz always said he liked to see a good cross at the beginning of the candle and if he did, then he would go in. Not a touch green on red but a good cross, he didn't wait for that candle to close.
Thank you lastingwell. Good to see that some people do read well.
If you are good at something, never do it for free--Joker
  • #38,289
  • Edited 6:29pm Jun 12, 2014 5:34pm | Edited 6:29pm
Quoting Fame of me
{quote} And I guess, thats one of the big mistake from Newbies. TMS is not : I see a cross I jump in.
yea I have lost too many pips jumping in that way.
Everything you can imagine, is real - Pablo Picasso
  • #38,290
  • Jun 12, 2014 5:37pm Jun 12, 2014 5:37pm
Quoting Direwolf
{quote} To each their own, I have lost too many pips jumping in that way. Too bad I'll never get to ask Big E this very question because it's one thing that I think isn't clear from that sentence alone.
That's why we should all post charts. Let the work continue. Just do not add any indicators to the method, he was very clear about that.
If you are good at something, never do it for free--Joker
  • #38,291
  • Jun 12, 2014 6:13pm Jun 12, 2014 6:13pm
Quoting eelfranz
A set up is NOT GREEN TOUCHING RED. Why? Many times green bounces back and the original direction continues. That's a bounce trade. Wait for green to CROSS RED and open your trade at the beginning of the new candle... usually candle 1 or 2. Catch the momentum...
Wait for green to CROSS red ( I have blue and red ;-) )

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No matter which timeframe, the rules are ever the same, you need to see a clear cross.

Thats how IIIIIIIIIIII understand Big E.
  • #38,292
  • Jun 12, 2014 6:22pm Jun 12, 2014 6:22pm
Quoting Direwolf
>.> Aw Flame you scold me for nothing... so Big E waited for new candle after the cross too, see?
Excuse me? I did what?
I never scold on you... Please show me when I did that! I am confuse...

I agreed with you:

Quoting Fame of me
... I agree with Direwolf.....
  • #38,293
  • Jun 12, 2014 6:28pm Jun 12, 2014 6:28pm
ahh sorry, my bad Fame, misinterpret your post. Still too early
Everything you can imagine, is real - Pablo Picasso
  • #38,294
  • Jun 12, 2014 6:28pm Jun 12, 2014 6:28pm
Quoting Fame of me
For me, TMS work on all timeframes. My opinion is, if you understand the key of TMS, the rules of entering, then you are able to trade TMS on every timeframe. Ya sure M1 would be crazy But TMS is working also very well on M5, M15 and H1, for ME... I agree with Direwolf: {quote} And I guess, thats one of the big mistake from Newbies. TMS is not : I see a cross I jump in. Thats not how it work. Also important is, how the TDI is pointing. But I dont need to repost that again, because, everything is in the first several pages.
One should not wait for the candle to close. At the beginning of a new candle green will either jump across red or lay off. Also the angle is important. I used to take all crosses and weak angles. Made for more trading to make my goals and the losses diluted my pip count. Now I take only those that cross the candle at the actual opening of the candle and angle must be 12-2 for long and 4-6 short. I'm profiting more by trading less. This crossing can be at the 1st or 2nd candle.
  • #38,295
  • Jun 12, 2014 6:30pm Jun 12, 2014 6:30pm
Quoting Direwolf
ahh sorry, my bad Fame, misinterpret your post. Still too early
Its ok, looks like you not the only one.




But I already post a chart how IIIIIII understand Big E
  • #38,296
  • Jun 12, 2014 6:32pm Jun 12, 2014 6:32pm
Quoting dforant1
{quote} One should not wait for the candle to close. At the beginning of a new candle green will either jump across red or lay off. Also the angle is important. I used to take all crosses and weak angles. Made for more trading to make my goals and the losses diluted my pip count. Now I take only those that cross the candle at the actual opening of the candle and angle must be 12-2 for long and 4-6 short. I'm profiting more by trading less.
Why you did that, if Big E explained in the first pages how we have to read the TDI :-)

Just asking friendly, dont scold on me
  • #38,297
  • Jun 12, 2014 6:35pm Jun 12, 2014 6:35pm
http://www.forexfactory.com/showthre...54#post4728654


Entries...

Enter trades at the BEGINNING of candle #1 or #2.... not at the end of the candle.... you'll be more succesful....
If you are good at something, never do it for free--Joker
  • #38,298
  • Jun 12, 2014 6:37pm Jun 12, 2014 6:37pm
Quoting jmn5611
http://www.forexfactory.com/showthre...54#post4728654 Entries... Enter trades at the BEGINNING of candle #1 or #2.... not at the end of the candle.... you'll be more succesful....

Please can u stop acting like an asshole?

You should read more

http://www.forexfactory.com/showthre...23#post4570323
  • #38,299
  • Jun 12, 2014 6:44pm Jun 12, 2014 6:44pm
Quoting Fame of me
{quote} Please can u stop acting like an asshole? You should read more http://www.forexfactory.com/showthre...23#post4570323
Ad hom attacks are unfitting for civilized adults, do not revert to calling names.

No one said anything about a touch. You will see crosses and color changes on the same candle, at the OPEN. You should take your trade then. Do not wait for the candle to close or you will be later than you need to be.
If you are good at something, never do it for free--Joker
  • #38,300
  • Jun 12, 2014 6:46pm Jun 12, 2014 6:46pm
Ok lets try to put this argument to sleep shall we?? If I take Fame's trade earlier on as an example, the indicator shows where there was a cross of the tdi. On the first white vertical line the tdi crossed (as can be seen by the indicator at the bottom of the chart) but was not a clear cross, but there was on candle number 2 which fame took. The first blue vertical line shows the tdi crossed down but not a clear cross, on the 2nd candle there was a clear cross (not looking at angles at the moment). Now if that clear cross had happened on candle number 1 then I would take the trade and wouldn't wait for it to close, I hope that clears it up.

If you all look at eelfranz's actual charts on the first page, and put that indicator on, scroll back to where he was looking at the time like I have, you will be able to see that he waited for a clear cross when that candle opened, as long as it was candle 1 or 2 of the right colour.
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