Trading Made Simple | Page 3102 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

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

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #62,021
  • Oct 24, 2015 7:32am Oct 24, 2015 7:32am
Quoting Ballistical
2015 Week 43 - Trade Summary: 4 trades in total: - 2 Wins - 1 BE - 1 Loss The first weekly summary from me in a while, since I've been travelling for the past few weeks. Whilst I struggled to trade during the break, I spent a lot of time developing my trade plan with a particular focus on being more selective with my entries in order to avoid losses. I'm hoping that the results of this work become evident in my trading over the next few weeks.
Great to have you back Bal! Always insightful posts .

I'm particularly impressed by your agressive S/L and consequently your high % returns on winning trades. Basically, you are using approximatly a 0,5xATR(10) with TP's at 1x and 2x. Do you have some results over a longer sample of trades on how many trades are losses / BE / wins? I'm trying to rethink my current strategy of 2xATR S/L but my entries aren't good enough I think for a very tight stop.

Tuesday's trade: Doesn't look pretty in hindsight with a classic LO low of the day. But FO actually closed below the 4H MC of the first 4 hours in Asia so I definatly understand an entry.

Good weekend and best of luck next week!
  • #62,022
  • Oct 24, 2015 7:59am Oct 24, 2015 7:59am
Quoting zenfx
Big Emm, just see your post about APB_Pro and install it, but I couldn't read any information bout the 2 yellow lines (along with 5 MA). What are the 2 lines mean for? sorry for that newbie question since I can't find that setting explaination within 3100+ pages {image}
it's ema channell based on Hi and Lo
aka Synergy Pro Price Action Channel
  • #62,023
  • Oct 24, 2015 4:25pm Oct 24, 2015 4:25pm
Quoting emmanuel7788
{quote} Thanks Ballistical. very good detailed weekly trade summary which will help many new traders here. regards,
Thanks Emmanuel, and many thanks for your continued teachings in this thread! ... Some very interesting posts, charts and conversations this week regarding TDI and TDI RT


Quoting tibovwh
{quote} Great to have you back Bal! Always insightful posts . I'm particularly impressed by your agressive S/L and consequently your high % returns on winning trades. Basically, you are using approximatly a 0,5xATR(10) with TP's at 1x and 2x. Do you have some results over a longer sample of trades on how many trades are losses / BE / wins? I'm trying to rethink my current strategy of 2xATR S/L but my entries aren't good enough I think for a very tight stop. Tuesday's trade: Doesn't look pretty in hindsight with a classic LO low of the day. But FO...
Thanks for the kind words tibovwh,

Regarding the SL, currently its a fixed 25 pip SL so TP1 is 2R and TP2 is 4R. I have begun looking at ATR values as well to avoid getting caught out by changes in volatility. Obviously it is very aggressive, and can mean that decent setups are stopped out early in some cases (particularly in the LO whipsaws) but equally it gives excellent % gains when things work out. All of my results using this strategy are documented in the summary charts, however, my method is constantly developing based on more practice and experience.

Finally, regarding Tuesday's trade, LO is never an easy candle to trade. Friday gave a similar setup and was good for +50 so it can be unpredictable but as I mentioned I'm trying now to focus on being more selective with these entries. Nothing worse than giving those hard earnt pips back to the market

Have a good weekend also and good luck in the coming week

Ballistical
Focus on the process and the profits will follow
  • #62,024
  • Oct 24, 2015 7:37pm Oct 24, 2015 7:37pm
Quoting efestus
{quote} you have 4 solid points my friend, Thank you very much for such insight. Could you share a source of such wonderful knowledge, DT / TT / BEOB still sound foreign to me. Any help were i could read this from? Thanks Regards, Festus
I dedicate my weekend to learn more ... I live off FX trading ....
DT - Double Top ... TT - Triple Top ... BUOB - Bullish Engulfing Outside Bar ... BEOB - Bearish Engulfing Outside Bar ... PCRF - Pullback Candle Reversal Formation ...
There are all powerful and famous reversal patterns ...
  • #62,025
  • Oct 25, 2015 12:32am Oct 25, 2015 12:32am
Quoting efestus
I took a sell. I don't know why that market when the other why after a number of divergence, Could someone help explain why the bulls where so furious. Regards, Festus. {image}
Things that I would consider:
1. I wouldn't sell after a strong up move like that and/or in up trend (looks like an uptrend to me)
2. I would pay attention to the Stoch - it seems to show the opposite direction
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #62,026
  • Edited 5:16am Oct 25, 2015 12:56am | Edited 5:16am
Quoting emmanuel7788
{quote} excellent post. I am so happy we get such post to remind us of the 5-Method which must be the core of our technical trading. We have seen several TDI trading system thread in FF, all adding other indicators in sub-window and onto their price chart. These threads have no more activity after some time. Here, we keep it simple, stay with the core.
Absolutely agree Em.
Hopefully people in this thread can stick to the original teachings of Big E and respect the system.

Quoting efestus
{quote} Hey My Good Friend, Yes the Stochastic isn't pointing downward yet, That was a fatal mistake on my part. From now on, I shall adhere to TDI/Stoch Harmony, Thanks again Dimi, very much appreciated . Regards, Festus.
I know you will mate And don't forget that Synergy Pro Price Action Channel or 5 EMA!

Quoting hsn100
{quote} Hi Dimi! Great post of yours, you've refreshed the BigE memories . R u still using the same template as mentioned in the first page. What is your success rate? Some traders are of opine that the markets have changed since then and that means a "change" is imperative in the template as well? What's your take on it? Can a trader be successful in the today's rapidly changing markets by using the same template, as was used by BigE? Regards.
Hey dude, sure am. I'm still using the same template.
The beauty of the original system is that it doesn't matter if you're a scalper like me or a longer term position trader the TMS will easily work for you if you stick to the rules and commit yourself to the strategy.
Truthfully the only time I find myself in a big losing position is if I don't follow the original TMS rules!

Monthly, the success rate with the TMS is a consistent profit of around 80% - 100% of the account size per month and I try to keep the drawdown under 10% - 15% by manually closing the losing trades early. I trade anything between 0.04 lots up to 7.50 lots using the TMS so it varies.
Results can be seen here in my TMS trade explorer: https://www.myfxbook.com/members/Dim...erilla/1375016
I've recently switched to cTrader ECN STP so the Myfxbook trade explorer is a month old. I did also have a Forex Factory TMS trade explorer in the past which I have now put on private.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: asvasvasvsav.png Size: 73 KB
Click to Enlarge Name: 5x0vbm.jpg Size: 155 KB
  • #62,027
  • Oct 25, 2015 2:40am Oct 25, 2015 2:40am
Quoting Dimi.A
{quote} Absolutely agree Em. Hopefully people in this thread can stick to the original teachings of Big E and respect the system. {quote} I know you will mate And don't forget that Synergy Pro Price Action Channel or 5 EMA! {quote} Hey dude, sure am. I'm still using the same template. The beauty of this system is that it doesn't matter if you're a scalper like me or a longer term position trader the TMS will easily work for you if you stick to the rules and commit yourself to the strategy. Truthfully the only time I find myself in a big losing...
Hi Dimi.A
Your results is stunning. Congratulations :-)
Would you care to explain your scalping technique with TMS? Are you on M5 timeframe?
  • #62,028
  • Oct 25, 2015 3:19am Oct 25, 2015 3:19am
Hi All,

I have spent the last two weeks reading about TMS. I have few questions (i i may):

- Will it work on the exotic pairs such as USD/ZAR, USD/MXN? Same for Gold/ Silver/Oil?

- Is the template attached on the first post still valid? Is it the latest working version TMS by BIGE and his followers?

- In BigE posts, sometimes he refers to Scho and sometimes he does not when entering the trade? Is Scho still part of the system?

- In BigE posts, he often disregards EMA when trading. What is EMA purpose?

- With he latest template (first post), Scho is not included? Why? Is there any EA or templates i am missing?

Many thanks for all.

Be Well,
FxAfrica
FXafrica " it is in giving that you receive..."
  • #62,029
  • Oct 25, 2015 6:14am Oct 25, 2015 6:14am
Quoting Ballistical
{quote} Thanks Emmanuel, and many thanks for your continued teachings in this thread! ... Some very interesting posts, charts and conversations this week regarding TDI and TDI RT {quote} Thanks for the kind words tibovwh, Regarding the SL, currently its a fixed 25 pip SL so TP1 is 2R and TP2 is 4R. I have begun looking at ATR values as well to avoid getting caught out by changes in volatility. Obviously it is very aggressive, and can mean that decent setups are stopped out early in some cases (particularly in the LO whipsaws)...

Hi Ballistical,

It is important that traders know the TMS version well because the TDI is the heart of this 5-Method. When we look at Big E' training charts most of them have been refreshed and hence the TDI Red Green have re-painted.
The same when members post their trades after they closed them, the chart were also refreshed and the TDI have re-painted too. Some member still do not know that when they switch their chart timeframe the TDI will be recalculated and hence will be painted new at that point in time when the charts TF changed.
Therefore when traders do their back-testing by scrolling back to history, all the TDI data have been recalculated hence they are all repainted.

But when they run their backtesting using the strategy tester and using the price data in their history folder, they will see the realtime working of the TDI.
The best solution is therefore to use the TDI RT (realtime version and non-repainting when trading in live market. But when we use the TDI RT, we must always wait for the candle to close to get the true TDI reading - whether that be a Green cross Red or the Green bounce off the Red.
using the TDI RT has one advantage i.e. is we can also enter our trade during the candle provided we know the price action setup well and what the next higher TF is showing. The angle of the TDI RT Green line based on the close price always show correct. This is exactly when the platform RSI data also show when set to Close price. The platform RSI does not repaint.
The only disadvantage in the TDI RT is that the TDI Green line is moving as the price move during the candle travel. This may cause some inexperience tradetrs 'stress' seeing the line move up and down. What they need to know is that they need to wait for that candle to close.

Volatility expected next week, so it is good opportunity for us to make more pips and more money. But we are in the last 5 trading days of this month. I pay attention to the Monthly candle close.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,030
  • Oct 25, 2015 6:17am Oct 25, 2015 6:17am
Quoting adikashyap
{quote} I dedicate my weekend to learn more ... I live off FX trading .... DT - Double Top ... TT - Triple Top ... BUOB - Bullish Engulfing Outside Bar ... BEOB - Bearish Engulfing Outside Bar ... PCRF - Pullback Candle Reversal Formation ... There are all powerful and famous reversal patterns ...

you are among the very few whom I know who trade for their living. Some trade for some money yet many others are still struggling to find their way.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,031
  • Oct 25, 2015 6:19am Oct 25, 2015 6:19am
Quoting dktbigfoot
{quote} it's ema channell based on Hi and Lo aka Synergy Pro Price Action Channel

there are two different Price Action Channels

Synergy PAC Post#21,284

Comparing Synergy PAC and Synergy_Pro PAC: Post# 54,119
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,032
  • Oct 25, 2015 8:01am Oct 25, 2015 8:01am
Quoting Dimi.A
{quote} Hey dude, sure am. I'm still using the same template......TMS trade explorer in the past which I have now put on private. {image} {image}
Hi Dimi.A!
Many congratulations, your's results are excellent and it's good to know that u r using the same template, tdi version (as was used by bigE) and is successful. That cleared my mind. Thnx a lot for such a detailed answer.
Regards
Winners Never Quit, Quitters Never Win
  • #62,033
  • Oct 25, 2015 1:07pm Oct 25, 2015 1:07pm
Quoting Dimi.A
{quote} Absolutely agree Em. Hopefully people in this thread can stick to the original teachings of Big E and respect the system. {quote} I know you will mate And don't forget that Synergy Pro Price Action Channel or 5 EMA! {quote} Hey dude, sure am. I'm still using the same template. The beauty of the original system is that it doesn't matter if you're a scalper like me or a longer term position trader the TMS will easily work for you if you stick to the rules and commit yourself to the strategy. Truthfully the only time I find myself in a big...
Congrats Dimi!

Do you trade in London session or any other specific time of the day? Do you trade mostly 4H TF? How long have you been trading TMS?
  • #62,034
  • Oct 25, 2015 2:07pm Oct 25, 2015 2:07pm
Experts,
Hope everyone had a great relaxing weekend!

How do you determine that trend has been changed? How do you distinguish between retracement and trend change?

I vaguely remember (correct me if wrong) that Emmanuel once mentioned that when trading H4 TF, we go by last week trend (W1). Now if we get 2 or 3 D1 retracement candles in a row, would you start trading based on D1 trend now? I have found this challenging while testing on H4.

For example:

USDCAD last W1 was bear - candle color red, APB color red and TDI down
D1- 16th and 18th Oct printed bull
Looking at those 2 D1 candles and D1 TDI, would you start buying (ignoring strong W1 trend).

Other than the fact that it did hit a previous resistance level that turned into a support now, is there any way forming the bias based on those D1 candles? In other words, how do you form the bias when W1 and D1 disagree?

Also, while determining trend based on candle, do you consider APB color or real candle color?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB
Click to Enlarge Name: Screenshot2.png Size: 32 KB
  • #62,035
  • Oct 25, 2015 2:36pm Oct 25, 2015 2:36pm
Quoting dewdrops
Experts, Hope everyone had a great relaxing weekend! How do you determine that trend has been changed? How do you distinguish between retracement and trend change? I vaguely remember (correct me if wrong) that Emmanuel once mentioned that when trading H4 TF, we go by last week trend (W1). Now if we get 2 or 3 D1 retracement candles in a row, would you start trading based on D1 trend now? I have found this challenging while testing on H4. For example: USDCAD last W1 was bear - candle color red, APB color red and TDI down D1- 16th and 18th Oct printed...
Hi dewdrops,

I'm by no means an expert but I would follow the previous W1 when we are inside monthly consolidation. For USDCAD we were in a strong bullish trend and the Weekly bearish candle was more of a retracement. Last week saw a nice D1 signal off previous structure so I looked for long trades. Made some nice pips aswell but my execution wasn't perfect..

I also wouldn't pay too much attention to the TDI on Weekly chart as this is lagging a lot. More important is the PA on the weekly imo.

I do understand your question. I think the only way is to use Price Action at Support and Resistance. If infact the trend has changed or is changing you can only know in hindsight. Another point I think is that we shouldnt always look to buy the bottom or sell the top (I'm guilty of doing this).. Just find an established trend and ride it is preferable over 'guessing' where it's going next?

Have a great trading week!
  • #62,036
  • Oct 25, 2015 3:50pm Oct 25, 2015 3:50pm
10 minutes to Sydney Open. Have you done your trade plan for this week?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,037
  • Oct 25, 2015 4:02pm Oct 25, 2015 4:02pm
USDCAD week44:

MN buliish
W1 bullish
D1 bullish


Buy low, 1.3340 target.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,038
  • Oct 25, 2015 5:33pm Oct 25, 2015 5:33pm
oook
  • #62,039
  • Oct 25, 2015 8:18pm Oct 25, 2015 8:18pm
Quoting dewdrops
Experts, Hope everyone had a great relaxing weekend! How do you determine that trend has been changed? How do you distinguish between retracement and trend change? I vaguely remember (correct me if wrong) that Emmanuel once mentioned that when trading H4 TF, we go by last week trend (W1). Now if we get 2 or 3 D1 retracement candles in a row, would you start trading based on D1 trend now? I have found this challenging while testing on H4. For example: USDCAD last W1 was bear - candle color red, APB color red and TDI down D1- 16th and 18th Oct printed...

Hi DD,

I am not an expert but an ordinary trader who is very disciplined in following a consistent approach which is time tested.

One same Big Picture and I trade all different timeframes. In trading the 4H swing, I look for trades between those Historical Swing Levels seen using the Monthly Line Chart. Once down to my trading timeframe, my chart is H4 using the 5-Method template. It is easy to see the previous Weeks on the H4 chart when we zoom out on our H4 chart. Look at the previous week Open, High, Low and Close, these are the natural support and resistance for the current week. Look at the price round numbers '00' and '50' levels. Loos the the D1 chart price action and use the common price bar patterns or use the Japanese candlestick if you prefer. I prefer the Bar Chart which I overlay as Foreground onto the APB candles. This way, I can see both and uses both the price action of the real price and also the price action of the APB.
On the higher TF MN,W1 and D1, the TDI is not useful because of the RANGE.

regards,
Attached File(s)
File Type: pdf USDCAD Big Picture Week 44.pdf   234 KB | 630 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,040
  • Oct 25, 2015 8:29pm Oct 25, 2015 8:29pm
Market Type

I have posted several times explaining and with trade charts about the market type which is suitable for TMS 5-Method.
We all know that TMS 5-Method is a trend trading methodology and works best when the market is trending.
But the market is sideways (ranging) more often than it trends. There are two type of sideways market type.
One which is sideways narrow range,
the other is sideways wide range.

The sideways wide ranging market type can be traded with the 5-Method.
But the narrow range sideways market will not work with the 5-Method.
You need to know if the sideways wide range market type is Up or Down.

Since the 5-Method is based on the TDI which is moving averages of the RSI data (aka Fozzy RSI), we have to keep our rules simple when we want to define the market type to trade. We look at both the Price trend and the TDI or RSI 'Trend'.

Read these:

RSI: The Complete Guide Post#27,110 by John Hayden

Trend Determination using the RSI (TDI) Post#26,774


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
35 traders viewing now, 1 is registered:
ferjptrader