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Trading Made Simple

  • #64,561
  • Jan 11, 2016 11:41pm Jan 11, 2016 11:41pm
Quoting Dimi.A
{quote} Thanks Em. Hope your new years is going well so far and let's hope no more tornadoes hit our city lol. Hey Traders, Whilst sitting on the sidelines waiting for the Chinese shenanigans to settle I've opened a smaller account trading only 0.20 lots using Big E's TMS method on the 1H chart only and trading it on European session up to New York session. I usually lock in the profit once it reaches 20 to 30 pips. Easy game this TMS is! Remember the key is the angle of the TDI. The steeper the better. If the TDI is FLAT don't take that trade....
Woah great trade on the GBPJPY. And also a GIF which brings more life to the learning.
  • #64,562
  • Jan 12, 2016 1:50am Jan 12, 2016 1:50am
Quoting Dimi.A
In Post 285 Big E said: 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 complicated... their pip take exploded. He's right. Reading through the older posts I've decided to go back to "bare bones" and trade the original...
Hello Mate,
I tried loading your indic+temp but Synergy_APB and TDI didn't come up on the chart,
kindly review the template again.
Thanks for sharing anyway.

Regards,
EF
Motivation is what gets you started. Habit is what keeps you going
  • #64,563
  • Jan 12, 2016 1:54am Jan 12, 2016 1:54am
Quoting Dimi.A
{quote} Easy game this TMS is! Remember the key is the angle of the TDI. The steeper the better. If the TDI is FLAT don't take that trade. {image}
Absolutely, that's the trick I was missing a bit, also I have added the Stochastic RSI indicator and it seems to fit like a glove on top of the TDI, got the short on the GPYJPY

Happy Daze
  • #64,564
  • Jan 12, 2016 2:23am Jan 12, 2016 2:23am
Simple
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h1-forex-ltd.png Size: 56 KB
Attached File(s)
File Type: mq4 StochRSI.mq4   4 KB | 421 downloads
  • #64,565
  • Jan 12, 2016 3:01am Jan 12, 2016 3:01am
Quoting emmanuel7788
{quote} the two parameters which is of importance is the RSI data period and which price you want to use. this depends on the way you want to trade this 5-Method. if you want to trade H4 the way our OP describe in Post#1, then use the default RSI period 13 and set to the RSI to Close price. do not try curve fit the TDI to show in the history. it is more important to observe the Price Action of the real price bars which the RSI data is derived from. it would help you to observe closely in live market, the behavior of the APB and the TDI respond to...
Could we talk a bit about why these settings should be used for Big E's method? The difference is not only that it only updates once per bar instead of realtime? It's coded entirely different or what exactly makes this repaint? Why is it better for the 4H method? Do you use it like this yourself in your trading?

I have been using the RT version for a long time and I'm starting to understand how PA affects the look of my TDI. In my eyes, it's basicly really important to let it close across. Aggressive entries with the RT version haven't been too succesful for me.

Good trading this week all,
  • #64,566
  • Jan 12, 2016 3:04am Jan 12, 2016 3:04am
Quoting Dimi.A
{quote} Thanks Em. Hope your new years is going well so far and let's hope no more tornadoes hit our city lol. Hey Traders, Whilst sitting on the sidelines waiting for the Chinese shenanigans to settle I've opened a smaller account trading only 0.20 lots using Big E's TMS method on the 1H chart only and trading it on European session up to New York session. I usually lock in the profit once it reaches 20 to 30 pips. Easy game this TMS is! Remember the key is the angle of the TDI. The steeper the better. If the TDI is FLAT don't take that trade....
Simple effective, and repeatable, thats trading , and only achieved after spending 100s of hours learning TMS, thanks for the animated GIFs, may I know how that works , maybe I can post some in the future too

Well done on the trade and many thanks for sharing
I Have Learned to Take Some Losses to Make Profits
  • #64,567
  • Jan 12, 2016 3:15am Jan 12, 2016 3:15am
Quoting tibovwh
{quote} Could we talk a bit about why these settings should be used for Big E's method? The difference is not only that it only updates once per bar instead of realtime? It's coded entirely different or what exactly makes this repaint? Why is it better for the 4H method? Do you use it like this yourself in your trading? I have been using the RT version for a long time and I'm starting to understand how PA affects the look of my TDI. In my eyes, it's basicly really important to let it close across. Aggressive entries with the RT version haven't been...
Sometimes trades will look aggressive, sometimes the opposite, with some trades they will have gone and you wish you had been more aggressive, with others you will find they've gone. You cannot get every trade, go for the one's which are neither, they are there, the perfect setup, where the 'stars' line up and they are not aggressive and they haven't gone, forget the others. It's not the indicators it's psychology.
  • #64,568
  • Jan 12, 2016 3:52am Jan 12, 2016 3:52am
Quoting Dimi.A
{quote} Thanks Em. Hope your new years is going well so far and let's hope no more tornadoes hit our city lol. Hey Traders, Whilst sitting on the sidelines waiting for the Chinese shenanigans to settle I've opened a smaller account trading only 0.20 lots using Big E's TMS method on the 1H chart only and trading it on European session up to New York session. I usually lock in the profit once it reaches 20 to 30 pips. Easy game this TMS is! Remember the key is the angle of the TDI. The steeper the better. If the TDI is FLAT don't take that trade....
get your entry right and everything else falls into place. Unfortunately a lot of people spend all their time looking at various strategies, indicators etc only to make poor entries
It really is Trading Made Simply if you stick to the basics.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #64,569
  • Jan 12, 2016 6:02am Jan 12, 2016 6:02am
Hi guys I am a very beginner in Forex Trading, I started trading on and off since 2012 but I did not know any trading strategies, risk and money management at the time, then it's evident that I blew my account. Later on, I found Forex Factory is an awesome website for Forex learning, it becomes my Forex habitat since then.

I spent few hours learning basics every day, recently, I am so attracted to this strategy and have been studying TMS for 3 weeks so far. Now I mainly study H4 Swing Trade based on 6 currency pairs, practice and more practice until I feel confident using this method, I will continue learning ME/ME.

I am still learning Triple Screen to determine the trend for H4 Swing trade. The primary trend is determined on Weekly chart, the entry/exit point is figured out on Daily chart, Support & Resistance and trend lines are used to decide where TP and SL are, Previous week low and high are also taken into consideration for H4 Swing trade. On H4 chart, signal triggers when TDI crosses, but I will not trade if the trend and the signal are not on the same direction. Once the trend is determined, the retracement on H4 chart can be the good opportunity for entry.

Thank you all in this thread, I will keep reading and understanding these important posts.
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  • #64,570
  • Jan 12, 2016 6:57am Jan 12, 2016 6:57am
GJ sell for 46 pips, second order out on break even
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I Have Learned to Take Some Losses to Make Profits
  • #64,571
  • Jan 12, 2016 7:58am Jan 12, 2016 7:58am
Quoting Dimi.A
{quote} Thanks Em. Hope your new years is going well so far and let's hope no more tornadoes hit our city lol. Hey Traders, Whilst sitting on the sidelines waiting for the Chinese shenanigans to settle I've opened a smaller account trading only 0.20 lots using Big E's TMS method on the 1H chart only and trading it on European session up to New York session. I usually lock in the profit once it reaches 20 to 30 pips. Easy game this TMS is! Remember the key is the angle of the TDI. The steeper the better. If the TDI is FLAT don't take that trade....
Hi Dimi,
I like the Forex Calendar in your chart. How do you incorporate that onto your chart? Is that an auto or manual update?
  • #64,572
  • Edited 8:54am Jan 12, 2016 8:13am | Edited 8:54am
Has anyone looked at X-Man's Super Simple System? It is similar to this system, but he uses the one hour chart.
  • #64,573
  • Jan 12, 2016 8:54am Jan 12, 2016 8:54am
Hi all,

Here are my trades using ME/ME with 5 method. GBP/CAD= 400, GBP/USD= 590+ pips.
Attached Image(s) (click to enlarge)
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  • #64,574
  • Jan 12, 2016 8:56am Jan 12, 2016 8:56am
hi meihk that is awesome I sent u a private message can u reply to that please
  • #64,575
  • Jan 12, 2016 9:19am Jan 12, 2016 9:19am
Hi,

Spotted potential Day trade for GBPAUD:

Week has been a trend down, even though last week was bullish. Overall still bearish sentiment:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Wk.png Size: 65 KB


Day entry will be fulfilled if it closes below 10EMA, TDI cross with good angle:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Day.png Size: 71 KB


Plan to enter MEME with ISL on last swing 2.0979, target 2.01851. Welcome comments!
  • #64,576
  • Jan 12, 2016 9:51am Jan 12, 2016 9:51am
Quoting Javforex
Hi, Spotted potential Day trade for GBPAUD: Week has been a trend down, even though last week was bullish. Overall still bearish sentiment: {image} Day entry will be fulfilled if it closes below 10EMA, TDI cross with good angle: {image} Plan to enter MEME with ISL on last swing 2.0979, target 2.01851. Welcome comments!
Hi Javforex,

the market is still bullish on HTF, zoom your chart out, look at 2015 that's a strong bullish trend. you're in a retracement from last week, you should wait for weakness from seller and a signal that buyers are jumping in the market again. be patience it will reward you, don't be a pig (greed) and get slaughter by the bulls.

regards,
Meihk
  • #64,577
  • Jan 12, 2016 9:56am Jan 12, 2016 9:56am
From what I understand from Big E's method that he talks about at the beginning of the thread, he doesn't have a profit target, but only closes his trades down if the TDI goes flat, starts to hook, or make a check mark reversal. Or he just closes down his trades when it is 6 AM Pacific time. Does anyone use these methods for exits? Thanks again.
  • #64,578
  • Jan 12, 2016 10:14am Jan 12, 2016 10:14am
Quoting trade786
hi meihk that is awesome I sent u a private message can u reply to that please
Hi trade786,

I trade only the HTF( 4hr, 1D, etc..). I use the LTF ( 1hr, 30m, etc..) to enter my trades. I follow the PA and trend on the HTF and use the TDI cross to enter/exit, some time I exit at or near S/R.

Take a look at the GBP/USD chart you will see that it been in a strong down trend. the only days that had the retracement this year was on 1/07 and yesterday, those days give you opportunities to build your position.

take a look at the TDI can you see where and when the retracement start to weaken?
some time you don't need the TDI to cross for signal you can just look at the APB or candle and it will tell you that the bears are entering the market again. sorry its late here i might be off a little haha.

regards,
Meihk
  • #64,579
  • Jan 12, 2016 10:38am Jan 12, 2016 10:38am
GJ in freefall at 200ema and past RN. Green pips for 2016 TMS traders !

Attached Image (click to enlarge)
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Best regards, Zef
  • #64,580
  • Jan 12, 2016 11:42am Jan 12, 2016 11:42am
Quoting Dimi.A
{quote} Thanks Em. Hope your new years is going well so far and let's hope no more tornadoes hit our city lol. Hey Traders, Whilst sitting on the sidelines waiting for the Chinese shenanigans to settle I've opened a smaller account trading only 0.20 lots using Big E's TMS method on the 1H chart only and trading it on European session up to New York session. I usually lock in the profit once it reaches 20 to 30 pips. Easy game this TMS is! Remember the key is the angle of the TDI. The steeper the better. If the TDI is FLAT don't take that trade....
Hi Dimi, just a quick question, would you consider this specific TDI crossing at the gif-image a very steep crossing? Because imho I don't think its very steep, or is it just me? How do you qualify "steep" in your trading decisions?
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