Trading Made Simple | Page 3257 | 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

  • #65,121
  • Jan 27, 2016 11:50pm Jan 27, 2016 11:50pm
Quoting Fxafrica
Important information about HA and Japanese Candle by BigE Remember... 80+% of the time HA Candles move 3-8 candles per swing (depending on the time of day and which session). If I'm entering on candle 1 or 2 I'm expecting some pips to fall... you should too. If you don't like HA Candles then trades the Japaneese candles. They will screw up your emotions and decisions though... Your the man/woman, it's your money... do what you want. When the bleeding stops you can come back to the HA group.... honest. Happy trading

I follow Rule#7

http://www.forexfactory.com/attachme...7&d=1420532737

If I follow everything Big E said, I can only be a good as he was.
But I want to be better than what he was in 2011.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,122
  • Jan 27, 2016 11:55pm Jan 27, 2016 11:55pm
Quoting Saionbus
The H4 candle will close in half an hour, EU candle changed to red, and TDI touching, if current candle close red , this will be the fifth EU H4 candle failed to close above 200EMA, also the price is near upper zone of master canle formed on Jan.21st. So I will try to sell after the TDI cross. {image}

For days EU has been sideways. Did FOMC changed anything?.

I rather use my trading capital for another pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,123
  • Jan 28, 2016 2:04am Jan 28, 2016 2:04am
Quoting emmanuel7788
Hi Folks, some of you are still asking about the TDI Green angle. It is up to you to decide whether you want to trade the aggressive style of Big E or the conservative style which still work. these posts are interesting as I tried to look for answers for you. http://www.forexfactory.com/showthre...31#post4582731 http://www.forexfactory.com/showthre...23#post4504723 http://www.forexfactory.com/showthre...04#post4517204 http://www.forexfactory.com/showthre...23#post4501123...
Thanks Em
  • #65,124
  • Edited 2:46am Jan 28, 2016 2:23am | Edited 2:46am
Traders don't forget about the TDI "BOUNCE" trades. For you experienced TMS traders if you are looking for trades in between the TDI crosses you may come across a TDI "bounce".
This is also a part of the TMS trading system and was a technique that Big E used a lot.
So whenever you notice the green TDI line "bounce" off the red and continue in the direction that it's going, jump in and grab yourself a handful of pips.

As Big E said:

A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally.

Here's a small bounce trade example I took just now for +25 pips.
Notice how the green TDI rebounded off the red signal line and continued south.
The key is don't be greedy with bounce trades. Take what you can. If you can make 20 pips on the 1H TDI bounce, take it and put that in your pocket while you wait for a proper TDI cross over on your pairs

Also, we might be getting a double bottom on the GBPAUD H1 chart (as seen below) so be on the look out for a potential reversal to the upside on the TDI later this session.

(Example below is an animated GIF if you click on the pic).
Attached Image (click to enlarge)
Click to Enlarge Name: GIF12.gif Size: 77 KB
  • #65,125
  • Jan 28, 2016 2:32am Jan 28, 2016 2:32am
Quoting Dimi.A
Traders don't forget about the TDI "BOUNCE" trades. For you experienced TMS traders if you are looking for trades in between the TDI crosses you may come across a TDI "bounce". This is also a part of the TMS trading system and was a technique that Big E used a lot. So whenever you notice the green TDI line "bounce" off the red and continue in the direction that it's going jump in and grab yourself a handful of pips. Here's a small bounce trade example I took just now for +25 pips. Notice how the green TDI rebounded off the red signal line and continued...
Masterful .. i like your teachings much. Simply thanks.

Greets

Michael
Perfection is the enemy of good enough!
  • #65,126
  • Jan 28, 2016 2:45am Jan 28, 2016 2:45am
Quoting MichaelSch
{quote} Masterful .. i like your teachings much. Simply thanks. Greets Michael
You're most welcome!
  • #65,127
  • Jan 28, 2016 2:51am Jan 28, 2016 2:51am
Quoting MaxZen
{quote} Splendid work! You seem to take 50 pips on every trade. Do you ever deviate from this? Do you only pick pairs/trades that have a remaining value in ADR to give you 50 pips?
I pick pairs that have structure, like trading from zone to another, thats how I often target 50 pips, u can read phx62 books and u might get a clearer idea, often when u take a good entry, the pair will tend to move on average 50 pips , so based on that assumption and obviously remaining ADR, then its more likely u get filled with the often 50 pips trade

On this example EJ had I been at PC the moment it spiked, I wanted to get more pips out of it, but was busy doing other works
I Have Learned to Take Some Losses to Make Profits
  • #65,128
  • Jan 28, 2016 2:55am Jan 28, 2016 2:55am
Quoting TheScorpS
{quote} I pick pairs that have structure, like trading from zone to another, thats how I often target 50 pips, u can read phx62 books and u might get a clearer idea, often when u take a good entry, the pair will tend to move on average 50 pips , so based on that assumption and obviously remaining ADR, then its more likely u get filled with the often 50 pips trade On this example EJ had I been at PC the moment it spiked, I wanted to get more pips out of it, but was busy doing other works
Thanks
Yep, I've read 4 out of 5 phx62 PDF's so far. Last night I went back for my monthly read of Big E's posts/PDF so have paused on the phx62 stuff
  • #65,129
  • Jan 28, 2016 3:07am Jan 28, 2016 3:07am
Quoting pete.alfa
{quote} Hi TheScorpS May I ask where did you put your SL. Thank you
This was a setup that cant be left without taken, as the Risk was only 25-30 pips , didn't even needed a 50 pips stop, even sometime by looking at Risk u can plan targets, as sometime when PA , structure is good, then PA want retrace much, so the trend pushes higher leaving retracement very shallow, thats was anther reason for anticipating a long trade

Stop was set below double bottom after the pullback setup candle
I Have Learned to Take Some Losses to Make Profits
  • #65,130
  • Jan 28, 2016 3:40am Jan 28, 2016 3:40am
Quoting MaxZen
{quote} Thanks Yep, I've read 4 out of 5 phx62 PDF's so far. Last night I went back for my monthly read of Big E's posts/PDF so have paused on the phx62 stuff

spend more time running backtests using the strategy tester and learn and observe the price action and the TDI behaviour.
the do forward testing in live market. you will learn much quicker than reading all those pdfs which are all done in hindsight.
all the static charts will not help you in speeding up the learning.
you need to be able to see things in realtime running charts movements and train your eyes to spot the setups and pull the trigger.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,131
  • Jan 28, 2016 3:46am Jan 28, 2016 3:46am
Quoting Dimi.A
Traders don't forget about the TDI "BOUNCE" trades. For you experienced TMS traders if you are looking for trades in between the TDI crosses you may come across a TDI "bounce". This is also a part of the TMS trading system and was a technique that Big E used a lot. So whenever you notice the green TDI line "bounce" off the red and continue in the direction that it's going, jump in and grab yourself a handful of pips. As Big E said: A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side). A bounce...

Good job Dimi.

Talking about bounce trade, I was reading Big E old posts last night and came to this one Post#4079. Using the TDI bounce to add to the origianl trade is great. But...

My qusetion is when do we exit when the TDI goes flat, hook back and when not to exit.
If we exit every time the TDI goes flat, hook back, we miss the trendy move.

Anyone like to share his/her view please.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,132
  • Jan 28, 2016 3:57am Jan 28, 2016 3:57am
Quoting emmanuel7788
{quote} Good job Dimi. Talking about bounce trade, I was reading Big E old posts last night and came to this one Post#4079. Using the TDI bounce to add to the origianl trade is great. But... My qusetion is when do we exit when the TDI goes flat, hook back and when not to exit. If we exit every time the TDI goes flat, hook back, we miss the trendy move. Anyone like to share his/her view please.
​Emm was going to post that question to you and Dimi, because Big E also mentioned that the tdi can wiggle but NOT cross the red ma and so catching a better move until it crosses, whereas if you exited because it wiggled a little flat you would be out. So unsure to get out if it starts to go flat or stay in until the cross?
  • #65,133
  • Jan 28, 2016 3:57am Jan 28, 2016 3:57am
Quoting emmanuel7788
{quote} spend more time running backtests using the strategy tester and learn and observe the price action and the TDI behaviour. the do forward testing in live market. you will learn much quicker than reading all those pdfs which are all done in hindsight. all the static charts will not help you in speeding up the learning. you need to be able to see things in realtime running charts movements and train your eyes to spot the setups and pull the trigger.
You're right, I should say that I am demo trading (live but with teeny 0.02 lots and SE/ME). Plus I have run 4h Eus/Usd in strategy tester, but I must confess that I've not done as much of this. Thanks again
  • #65,134
  • Jan 28, 2016 6:47am Jan 28, 2016 6:47am
Lost all my January profits yesterday, this system is crap, HA candles area load of rubbish, they don't tell you anything, simple system, HAH, it's just another load of bo11ocks, TDI is a load of old garbage, I have no idea how anyone can make money using this rubbish, you are wasting your time, I'm off to a proper system that will make me some real money.

TRUTH IS - I FLUNKED, the system does work, I will stick with it, I just messed up, but I followed the absolute rule, walk away, save your capital for another day, I still have more than my starting capital, today is going a little better.

Thanks once more for all your help
  • #65,135
  • Jan 28, 2016 6:54am Jan 28, 2016 6:54am
Quoting Bushy
Lost all my January profits yesterday, this system is crap, HA candles area load of rubbish, they don't tell you anything, simple system, HAH, it's just another load of bo11ocks, TDI is a load of old garbage, I have no idea how anyone can make money using this rubbish, you are wasting your time, I'm off to a proper system that will make me some real money. TRUTH IS - I FLUNKED, the system does work, I will stick with it, I just messed up, but I followed the absolute rule, walk away, save your capital for another day, I still have more than my starting...
I'm confused you say you messed up but stuck to the rules??
  • #65,136
  • Jan 28, 2016 7:01am Jan 28, 2016 7:01am
Quoting Dimi.A
Traders don't forget about the TDI "BOUNCE" trades. For you experienced TMS traders if you are looking for trades in between the TDI crosses you may come across a TDI "bounce". This is also a part of the TMS trading system and was a technique that Big E used a lot. So whenever you notice the green TDI line "bounce" off the red and continue in the direction that it's going, jump in and grab yourself a handful of pips. As Big E said: A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side). A bounce...
Many thanks for the nice chart...
FXafrica " it is in giving that you receive..."
  • #65,137
  • Jan 28, 2016 7:01am Jan 28, 2016 7:01am
Quoting emmanuel7788
{quote} I follow Rule#7 http://www.forexfactory.com/attachme...7&d=1420532737 If I follow everything Big E said, I can only be a good as he was. But I want to be better than what he was in 2011.
Noted Em!

thanks.
FXafrica " it is in giving that you receive..."
  • #65,138
  • Jan 28, 2016 7:12am Jan 28, 2016 7:12am
Quoting Scrambleguy
{quote} I'm confused you say you messed up but stuck to the rules??
I did mess up, I didn't stick to the trading rules, there were reasons, but I walked away before making more mistakes, rule #1 preserve your capital.

Just goes to show, if your psychology isn't right, then you are looking at a disaster, but as least I didn't let it turn into a disaster by walking away.
  • #65,139
  • Jan 28, 2016 7:15am Jan 28, 2016 7:15am
Quoting TheScorpS
{quote} I pick pairs that have structure, like trading from zone to another, thats how I often target 50 pips, u can read phx62 books and u might get a clearer idea, often when u take a good entry, the pair will tend to move on average 50 pips , so based on that assumption and obviously remaining ADR, then its more likely u get filled with the often 50 pips trade On this example EJ had I been at PC the moment it spiked, I wanted to get more pips out of it, but was busy doing other works
Thanks TheScorpS for sharing. Found the books
FXafrica " it is in giving that you receive..."
  • #65,140
  • Jan 28, 2016 7:16am Jan 28, 2016 7:16am
Quoting Fxafrica
{quote} Noted Em! thanks.
Great document, easy to read, harder to follow, reminds me of the old saying 'do as I say not as I do'

But all those rules are worth more than any system, it's a per-requisite, if you can't follow them, you won't get anywhere. I broke about 5 yesterday I think!
86 traders viewing now, 1 is registered:
kola.bear020