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Trading Made Simple

  • #38,941
  • Jun 27, 2014 11:38am Jun 27, 2014 11:38am
Quoting itsallover
{file}
Thanks bro , wishing you relaxing weekend
I Have Learned to Take Some Losses to Make Profits
  • #38,942
  • Jun 27, 2014 11:39am Jun 27, 2014 11:39am
Quoting pips29
{quote} Have you got it yet? Mine has a different title to it
Will test the indi that itsallover posted and if its the same then fine, else am gonna let you know, thanks for your support on TMS
I Have Learned to Take Some Losses to Make Profits
  • #38,943
  • Jun 27, 2014 11:41am Jun 27, 2014 11:41am
Quoting TheScorpS
{quote} Thanks bro , wishing you relaxing weekend

... see what I mean ? lol

ahem... I'm a she actually
.... laughing all the way to the bank
  • #38,944
  • Jun 27, 2014 11:50am Jun 27, 2014 11:50am
Quoting itsallover
{quote} ... see what I mean ? lol ahem... I'm a she actually
I Have Learned to Take Some Losses to Make Profits
  • #38,945
  • Jun 27, 2014 12:30pm Jun 27, 2014 12:30pm
Quoting Flipper58
{quote} Tell me the reasons Eric didn't use the MBL?
Here are a few.

http://www.forexfactory.com/showthre...=7565897#reply

Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything... don't complicate it.

Many traders on the old thread said once they quit trying to improve it or making it more complated... their pip take exploded.

http://www.forexfactory.com/showthre...52#post4601752

The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...

I don't care what the red TDI line is doing.

Did Stoch's confirm the TDI signal between the 20-80 lines...?

The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...

If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles...

All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !

http://www.forexfactory.com/showthre...33#post4604933

Honestly folks... I spent over 2 years refining this method... so it would be simple to understand and easy to trade...

Just follow the simple entry rules and TDI exit rules... this isn't brain surgery or rocket science. Just follow what I show you... what I tell you... not what others say that's not within the rules. It's simple and many of you are thinking it can't be this simple so you try to add things and complicate it... that will only lead to your minimum performance or failure...

When you do that you create stumbling blocks for yourself... Plain and simple... if your not making bunches of pips your not following what I and the other key guys have taught you...

http://www.forexfactory.com/showthre...65#post4786965

EVERY BODY OUT OF THE POOL !

If you want to add indicators... keep it to yourself and please don't post it here. You know the rules... please trade it as layed out.

Trade it during the first 1-3hrs of any session on the 1hr chart and 4hr chart during the London open.

Study old charts on winning trades. Learn to recgonize them.

Watch your angles - 12-2, 4-6

Quoting Flipper58
{quote} Yet again, newbies around here are being taught to take far too much risk until they are capable of taking it.
Entries and exits have nothing to do with risk, position sizing does. If you are going to be the newbie king at least know some forex basics.

Quoting Flipper58
{quote}Show me examples of when you can totally disregard the position of the MBL when green/red are up near the 68/32 and are successful?
I wont even tell you to go to the paperclip and download the charts, as you are clearly not strong on doing homework. So here they are.

Attached File(s)
File Type: zip BigE Charts.zip   3.8 MB | 522 downloads


Quoting Flipper58
{quote} Seems to me we have another arrogant f***khead
Rather than complain about this childlike response, I will leave it so that others can see how to correctly address immature posters.


Quoting Flipper58
{quote} You might want to put up your trade explorer rather than the screen shots buddy if you want to be another Emmanuel! Makes one think doesn't it! Your baskets are brilliant everyday, you should be proud, put ém up there for all to see on your explorer. Bet it doesn't happen!
If you have done your homework I have posted blotters and charts. And Flipper, no method wins all the time. That is in the thread also. So, I say again, if you are going to do TMS, do it correctly.
If you are good at something, never do it for free--Joker
  • #38,946
  • Jun 27, 2014 12:51pm Jun 27, 2014 12:51pm
Quoting itsallover
{quote} More questions J On GJ there are three vertical lines 1. This shows a really good cross with the stochastic 2. Not a good cross at all but I notice on H4 the cross and stochastic were very good 3. First failed trade....how do we avoid them {image}
When taking a signal the stoch should be between 80 and 20 and pointing in the direction of the trade.

Each time frame is it's own chart, just follow the signals. H1 and H4 are best.

There is no way to avoid failed trades. If you use the exit signals you will be wrong very quickly resulting in a small loss. When you are right, you ride the move and even add to the move on bounce trades.
If you are good at something, never do it for free--Joker
  • #38,947
  • Jun 27, 2014 1:16pm Jun 27, 2014 1:16pm
Quoting itsallover
{quote} You're actually correct pips. If there's a decent distance between PA and the MA, then its ok to take the trade. Its when PA is sitting on the MA that it gets spikey
I used to trade 15mtf and I almost always trade away from the ma. Found it gives more pips than the other way round. Which do you find more profitable?
the cautious seldom err....C
  • #38,948
  • Jun 27, 2014 1:25pm Jun 27, 2014 1:25pm
Quoting pips29
{quote} I used to trade 15mtf and I almost always trade away from the ma. Found it gives more pips than the other way round. Which do you find more profitable?
can you share the one you have about the bar indicator, the one I got from itsallover still might not be it or I didnt know how to use which I thanks alot , so if you don't mind pls share
I Have Learned to Take Some Losses to Make Profits
  • #38,949
  • Jun 27, 2014 1:35pm Jun 27, 2014 1:35pm
I tried several times by copying the link and pasting it here but couldn't get it right. I am a self- taught computer novice. If you can tell me how to do it , I will be much obliged.... and to let you on a secret, I don't even know how you gals put those smileys to your text. I can't even do that
the cautious seldom err....C
  • #38,950
  • Jun 27, 2014 1:53pm Jun 27, 2014 1:53pm
Quoting itsallover
{quote} Thanx for the bouquet Kan. Have a virtual beer on me. Its perfectly ok to make fun .... just not at another persons' expense. That caption has made a mockery of every female person and everybody suffering from mental illness. Not cool. Put up a caption making fun of men... we can then all have a laugh. The number of times I've been addressed as a sir on this website... I do not need sexist jokes to contend with as well. Close GU at BE EZ M15 Short ( J its ok, I've been mostly good today) {image}
Big E does not say you can't trade M15. You can trade any time frame you want. He was just saying that the lower the TF, the more whipsaw you are going to get.

You work hard Kelly, that alone will ensure your success. No worries.
If you are good at something, never do it for free--Joker
  • #38,951
  • Jun 27, 2014 1:53pm Jun 27, 2014 1:53pm
I reckon spreads will be unusually wide before close to take stops out
the cautious seldom err....C
  • #38,952
  • Jun 27, 2014 1:59pm Jun 27, 2014 1:59pm
Quoting jmn5611
{quote} Big E does not say you can't trade M15. You can trade any time frame you want. He was just saying that the lower the TF, the more whipsaw you are going to get. You work hard Kelly, that alone will ensure your success. No worries.
I think she is trading higher tf but taking entry on 15mtf to keep it tighter.
the cautious seldom err....C
  • #38,953
  • Jun 27, 2014 2:06pm Jun 27, 2014 2:06pm
Quoting pips29
{quote} I think she is trading higher tf but taking entry on 15mtf to keep it tighter.
By the time you see a signal on H1, the first M15 signal is behind you. That means you have to wait for a confirming M15 signal. That causes a delay.

Whatever time frame you choose, treat that as an individual chart. No where does Eric say we should use MTF analysis. Whatever time frame you are on, if you see a good signal, then take the trade. Exit on your stop or according the exit rules.
If you are good at something, never do it for free--Joker
  • #38,954
  • Jun 27, 2014 2:13pm Jun 27, 2014 2:13pm
Quoting jmn5611
{quote} By the time you see a signal on H1, the first M15 signal is behind you. That means you have to wait for a confirming M15 signal. That causes a delay. Whatever time frame you choose, treat that as an individual chart. No where does Eric say we should use MTF analysis. Whatever time frame you are on, if you see a good signal, then take the trade. Exit on your stop or according the exit rules.
Are you telling me that every H1 candle is a marubozo. That would be unusual. I often see a slight pullback before continuing....and that's where 15mtf might get you an entry tighter
the cautious seldom err....C
  • #38,955
  • Jun 27, 2014 2:30pm Jun 27, 2014 2:30pm
Quoting pips29
{quote} Are you telling me that every H1 candle is a marubozo. That would be unusual. I often see a slight pullback before continuing....and that's where 15mtf might get you an entry tighter
Big E wanted us to use HA candles to determine PA. He did not mention marubozos in a single sentence that he wrote. Therefore candlesticks are not relevant to this method. The rules are simple, and you are over thinking them. Red crosses green on the TDI, and the angle is correct, take the trade. Do so on the OPEN of the candle one or two. Exit on a flatening or checkmark revesal of the TDI.

http://www.forexfactory.com/showthre...73#post4570273

Rille... I would have entered one candle earlier.

HA candles average a 3-8 candle run in most cases when it reverses... That's why I want to enter on candle 1 or 2 if I see a set up. A single candle on the 4hr nets you 30-60 pips or more generally. If it goes 3-4 candles you've already made 80-150 pips.

When using Japanese candles you see up down up down and your stressed to the max during your trade... It's more calming to trade HA candles.

http://www.forexfactory.com/showthre...16#post4575616

Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...

The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
If you are good at something, never do it for free--Joker
  • #38,956
  • Jun 27, 2014 4:08pm Jun 27, 2014 4:08pm
I actually find candlesticks much easier to read and finding the 12-2 and 4-6 difficult to read on a first candle when a cross happens. When I minimise my chart I always get the angle correct but when I make the chart larger, the angle does not look anything like before. Please show us a trade when a cross happens ( I mean live and not after the fact thing). I never mention big E's method is not correct. I am just saying we still do the trade and if going down a timeframe lower improves your pips why not do it. Every system can make or lose you money. We call the shots, so why let a system take over us. If we can improve,then we should. Given the same chart,do you think you and big E will have the same entry and exit. I very much doubt it. Do you think big E can trade better than Dean Malone using the TDI, so when you tell people off when he/she uses the MBL it shows lack of knowledge of TDI. No disrespect to you, just show us a trade strictly big E's way ok?
the cautious seldom err....C
  • #38,957
  • Jun 27, 2014 4:25pm Jun 27, 2014 4:25pm
Quoting pips29
I actually find candlesticks much easier to read and finding the 12-2 and 4-6 difficult to read on a first candle when a cross happens. When I minimise my chart I always get the angle correct but when I make the chart larger, the angle does not look anything like before. Please show us a trade when a cross happens ( I mean live and not after the fact thing). I never mention big E's method is not correct. I am just saying we still do the trade and if going down a timeframe lower improves your pips why not do it. Every system can make or lose you...
To be fair, he has shown his trade history on the thread and I looked at the entries and exits and as far as I can see they are all traded the way he has talked about : http://www.forexfactory.com/showthre...44#post7545044 and http://www.forexfactory.com/showthre...23#post7545023
  • #38,958
  • Jun 27, 2014 8:25pm Jun 27, 2014 8:25pm
Quoting pips29
I actually find candlesticks much easier to read and finding the 12-2 and 4-6 difficult to read on a first candle when a cross happens. When I minimise my chart I always get the angle correct but when I make the chart larger, the angle does not look anything like before. Please show us a trade when a cross happens ( I mean live and not after the fact thing). I never mention big E's method is not correct. I am just saying we still do the trade and if going down a timeframe lower improves your pips why not do it. Every system can make or lose you...
After you click on lastingwell's links, you can also go back and look my charts. Every chart I have posted shows the last candle as the trade candle itself. Those crosses are in real time.

Pips29, with all respect to you, the founder of this thread posted repeatedly not to change the method. This is not E.A.S.Y trading. I am sure there is a thread for that somewhere. This TMS trading by eelfranz.

How about respecting this man by respecting his wishes?
If you are good at something, never do it for free--Joker
  • #38,959
  • Jun 27, 2014 8:45pm Jun 27, 2014 8:45pm
Quoting pips29
I actually find candlesticks much easier to read and finding the 12-2 and 4-6 difficult to read on a first candle when a cross happens. When I minimise my chart I always get the angle correct but when I make the chart larger, the angle does not look anything like before. Please show us a trade when a cross happens ( I mean live and not after the fact thing). I never mention big E's method is not correct. I am just saying we still do the trade and if going down a timeframe lower improves your pips why not do it. Every system can make or lose you...
I forgot to address the chart scaling issue. Here is your answer.

I max my candle size out (+) and then click back 2 times (-) ... This chart shows the candles I pass on for trades...



Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1365692306
If you are good at something, never do it for free--Joker
  • #38,960
  • Edited 9:38pm Jun 27, 2014 9:10pm | Edited 9:38pm
Quoting jmn5611
{quote} ... How about respecting this man by respecting his wishes?
Absolutely agree! Lucky we, who after some loses was conscious enough to "came back" to rules and had improved himself immediately...
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