Trading Made Simple | Page 3179 | 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

  • #63,561
  • Nov 21, 2015 12:41pm Nov 21, 2015 12:41pm
Quoting MaxZen
Hi Traders, I have been quietly reading everyone's invaluable input to this thread for a couple of weeks. Having started reading from page 1 I got into the low hundreds (of page) a few months ago but then career required my full-time attention and I stepped away. I intend to watch, learn and demo over the coming months. I would like to learn form the wealth of past posts but can't dedicate the time to read all 3178 pages.. Question: is there a particular point in time that you would recommend reading from and then up to the current date? I look...

Hi MaxZen,

It will take you a lot of time tom read all the 63k posts.

Here is s quick start by following those links in this post.

Introduction to Trading Made Simple Post#57,854

Look forward to your active participation here.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,562
  • Nov 21, 2015 1:01pm Nov 21, 2015 1:01pm
Quoting tibovwh
Some of the stuff I do... On a daily basis, things like this. Just too much discretion in my trading. I really need to write down clear rules, especially when I'm in a trade to manage it. Hope you all have some more succes Good weekend, {image}

Hi tibovwh,

discretionary decisions in trading is a big challenge for most traders.
you discretion comes from your knowledge, experience and confidence.
it is better to write down the tasks of trading and for each task, a structure to question your thoughts.
you mention how to manage when your are in a trade. this should have been answered when you decided to take any trade.
for every trade (position in the market) you know your entry point(s) and your exits before you took that trade. therefore you must have already your Exit Strategy in your trade plan.

know which stage you are in at different times.
we transit between stages from time to time.

Attached Image


you are doing good.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,563
  • Nov 21, 2015 1:23pm Nov 21, 2015 1:23pm
Quoting Fbps
{quote} Hi Emmanuel, what does repainting means? My TDI is not realtime as it's downloaded together with the #1 best 5 ma tdi.tpl

Hi fbps,

i made several, post in week 43 and 44 on this subject. If you go back and read those post they may help you.

Anyway, below are two charts which shows what I men by TDI re-painting..

Chart A (scren capture live in realtime)

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 20 Oct TDI Realtimet vs TDI Red Green live realtime.png Size: 32 KB


Chart B (same chart, but after being refreshed by simply switching the chart).

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 20 Oct TDI Realtimet vs TDI Red Green refreshed.png Size: 28 KB


You need to observe the TDI version you want to use and learn how it paints at the candle close. If you use the TDI_RT realtime version, you must wait till the candle close to confirm the TDI Green status. The realtime version recalculate the RSI (TDI) at every new price tick received.

But when you use the TDI Red Green version, this version will only paint the TDI Green line when that candle closes. But it has the same re-paintng issue when charts get refreshed. There when we learn by studying eelfranz training charts, you must know that all his training chart are refreshed charts and they are not the same when you see the same in realtime live market. This is very important. The same when other traders using this version of TDI post their trade charts after they close their trades .

I said this before and I will repeat here again. If you want to trade the way eelfranz described in Post#1, then you must use the TDI Red Green version. Also if you read all his posts, he mentioned several times that he did not refreshed his chart when he trades and when he has open trades. That is the reason why he uses the TDI for entry and exit without refreshing his charts. His focus on on the close price of the candles. What happens when he turns off his computer?

Hope this explains and clarify the re-painting issue.

Question you need to ask is, why did the creator of the TDI change his previous version to realtime non-repainting. Did he discover the 're-painting issue?


Got to go now, and will not be able to reply all the PMs today. Maybe over the next few days.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,564
  • Nov 21, 2015 1:29pm Nov 21, 2015 1:29pm
Quoting emmanuel7788
{quote} Hi fbps, i made several, post in week 43 and 44 on this subject. If you go back and read those post they may help you. Anyway, below are two charts which shows what I men by TDI re-painting.. Chart A (scren capture live in realtime) {image} Chart B (same chart, but after being refreshed by simply switching the chart). {image} You need to observe the TDI version you want to use and learn how it paints at the candle close. If you use the TDI_RT realtime version, you must wait till the candle close to confirm the TDI Green status. The realtime...
Hi Emma

New here.. Which indi is the TDI red green version? Is it the one that came with Synergy pro package?

Thanks.
  • #63,565
  • Nov 21, 2015 2:13pm Nov 21, 2015 2:13pm
Quoting emmanuel7788
{quote} Hi MaxZen, It will take you a lot of time tom read all the 63k posts. Here is s quick start by following those links in this post. Introduction to Trading Made Simple Post#57,854 Look forward to your active participation here. regards,
Thanks Em
  • #63,567
  • Nov 22, 2015 1:12am Nov 22, 2015 1:12am
Quoting emmanuel7788
{quote} Hi fbps, i made several, post in week 43 and 44 on this subject. If you go back and read those post they may help you. Anyway, below are two charts which shows what I men by TDI re-painting.. Chart A (scren capture live in realtime) {image} Chart B (same chart, but after being refreshed by simply switching the chart). {image} You need to observe the TDI version you want to use and learn how it paints at the candle close. If you use the TDI_RT realtime version, you must wait till the candle close to confirm the TDI Green status. The realtime...

Cum tomorrow I will see my 'live' chart in action TDI RT and TDI Red Green version. Also, with Synergy Pro now installed on my computer, I reckon the different APB candlesticks pattern, ASR (Active Support & Resistance) & DSR (Dynamic Support & Resistance) will be an added advantage to what I've learned from Big E beginner's doc. Thanks Emmanuel and I look forward to bringing my wheelbarrow in too some day
  • #63,568
  • Nov 22, 2015 4:41am Nov 22, 2015 4:41am
Quoting Fbps
Hidden
No problem, buddy.
I use Synergy Pro, but I find RT very appealing, also. Use what you feel comfortable with.
  • #63,569
  • Nov 22, 2015 5:03am Nov 22, 2015 5:03am
Watch this video about how to evolve as trader, the stages in trading cycle, no need to find in which stage u are just understand these process and the logic behind them and do your own thing in trading

One thing for sure, DONT EVER CHANGE YOUR STRATEGY EVER , NOT EVEN WHILE YOU DREAMING

Inserted Video
I Have Learned to Take Some Losses to Make Profits
  • #63,570
  • Nov 22, 2015 7:42am Nov 22, 2015 7:42am
Quoting TheScorpS
Watch this video about how to evolve as trader, the stages in trading cycle, no need to find in which stage u are just understand these process and the logic behind them and do your own thing in trading One thing for sure, DONT EVER CHANGE YOUR STRATEGY EVER , NOT EVEN WHILE YOU DREAMING https://www.youtube.com/watch?v=VtpfscXOWWs
Very nice video link, Scorps!
  • #63,571
  • Nov 22, 2015 8:41am Nov 22, 2015 8:41am
nzd/usd last friday trade .is this is valid trade according to TDI ?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 54 KB
Stay Foolish , Stay Hungry
  • #63,572
  • Nov 22, 2015 9:57am Nov 22, 2015 9:57am
Quoting kingakp
nzd/usd last friday trade .is this is valid trade according to TDI ? {image}
Is a valid trade however personally would not have taken it.

The cross is there but candles are small and angle of TDi slope is shallow. Also personally do not hold trades over a weekend for fear of a gap in the market.

If when market opens price continues down I expect it to go some way.
We're all just one trade away from humility.
  • #63,573
  • Nov 22, 2015 10:43am Nov 22, 2015 10:43am
Quoting Drewas
{quote} Is a valid trade however personally would not have taken it. The cross is there but candles are small and angle of TDi slope is shallow. Also personally do not hold trades over a weekend for fear of a gap in the market. If when market opens price continues down I expect it to go some way.
thanks for your reply @Drewas. "The cross is there but candles are small and angle of TDi slope is shallow " bro can you explain more about it with a example .
thanks in advance .
Stay Foolish , Stay Hungry
  • #63,574
  • Nov 22, 2015 10:56am Nov 22, 2015 10:56am
Quoting kingakp
{quote} thanks for your reply @Drewas. "The cross is there but candles are small and angle of TDi slope is shallow " bro can you explain more about it with a example . thanks in advance .
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.PNG Size: 32 KB


The most recent example of a 4HR cross is on EURUSD. See the cross of the TDi is at a greater angle. The bars continue to grow larger.

This increases the chances of making pips.

Had you entered the trade on the first or second red bar you could have made in the region of 50 pips.

The angle of TDi, the ADR the time of day. All these factors increase the probability of your trade being successful, its important to recognise that they only increase the chances of success. No one knows what price will do, its always a best guess. Studying charts and proper money management increase the chances of your guess being right.
We're all just one trade away from humility.
  • #63,575
  • Nov 22, 2015 11:01am Nov 22, 2015 11:01am
Quoting kingakp
{quote} thanks for your reply @Drewas. "The cross is there but candles are small and angle of TDi slope is shallow " bro can you explain more about it with a example . thanks in advance .
Imagine the TDI green slope as a clock angle, for buying you are looking for a 12-14 o clock angle, for selling you are looking for a 16-18 o clock angle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nice angle.gif Size: 25 KB
Click to Enlarge Name: nice angle2.gif Size: 22 KB
  • #63,576
  • Nov 22, 2015 1:23pm Nov 22, 2015 1:23pm
Quoting kingakp
nzd/usd last friday trade .is this is valid trade according to TDI ? {image}
Hello, Kingakp!

The first step in trading TMS is stop trading, and start reading. You'll find Big E's pdf in the paperclip. After you read it, you will know why your entry was an awful one.

Read it, backtest, start trading on demo, post your trades here, so that you can get help and improve.

Happy reading!
  • #63,577
  • Nov 22, 2015 4:14pm Nov 22, 2015 4:14pm
Quoting stefan17
{quote} Imagine the TDI green slope as a clock angle, for buying you are looking for a 12-14 o clock angle, for selling you are looking for a 16-18 o clock angle {image} {image}
I would still be hesitant taking those trades as they look like counter trend moves?
  • #63,578
  • Nov 22, 2015 5:40pm Nov 22, 2015 5:40pm
Quoting Scrambleguy
{quote} I would still be hesitant taking those trades as they look like counter trend moves?
Great observation!

But...

In the first example, provided that the marked candle looked good when it opened, we have an entry based on Big E's rules. If we look to the left, we notice that PA formed a DB (double bottom) pattern, which signifies change of trend direction. Therefore, we know the current trend will change and it will go up, so the buy order seems justified, assuming that the trader entered based on the DB pattern.

In the second example I do not see a valid CT entry, but I can't tell if Stefan wanted to show an entry there or just mark a candle that drove TDI to make a good angle.
  • #63,579
  • Nov 22, 2015 7:31pm Nov 22, 2015 7:31pm
I got my tms monitor going today, pretty cool. I took a trade earlier on the gbpnzd. The monitor posted strong buy and the p slope was 10. looked at the chart and sure enough the green was almost staight up. I entered on 2nd candle after the cross set my target slightly short of overhead resistance and waited. Welcome any comments.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_11-22_long.png Size: 97 KB
  • #63,580
  • Nov 22, 2015 8:07pm Nov 22, 2015 8:07pm
I have studied this Thread for almost one year. This is the first time I post and want to share my trading experience of this method.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-robotrade-ltd.png Size: 37 KB
44 traders viewing now, 1 is registered:
shertiger