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Trading Made Simple

  • #65,381
  • Feb 2, 2016 9:07pm Feb 2, 2016 9:07pm
Quoting shay14
whats the point of using stochastics? it shows the same thing as tdi if tdi is up, stoch will be too
Hello Shay14,

Checkout Dimi.A's images posts, The Stochastics angle really help when deciding. It helps me decide more when it is also STEEP ANGLE.
Check here: http://www.forexfactory.com/search.p...rchid=18821843
  • #65,382
  • Feb 2, 2016 9:29pm Feb 2, 2016 9:29pm
Quoting Dimi.A
{quote} For me, I set my stop losses at 100 pips on the 4H. You need to give your trades room to breathe. If you put small stop losses on the 4H chart like 30 or so pips you'll chop your account to bits. I promise you. Eelfranz didn't trade with stop losses most of the time. I'm not a fan of stop loss trading either but with all the Chinese rubbish going on last month and selling off etc. who knows what's around the corner so I've been using a 100 pip stop loss just to be safe. By the way, beautiful work man. See how easy it is when you don't add...
Hi Dimi!

You're posting more trades of H4 now, did you give up H1 trading already?
I'm thinking of giving up H1 also, to make my life less stressful.
Do you consider Last swing high/Low for H1 SL?

Here is my trade yesterday:
CadJpy H1 SHORT, Win
But the problem is I only took 20pips TP, but my SL is very big 87pips, Last swing high.
The R:R is not great.

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Thank you!
  • #65,383
  • Edited 10:31pm Feb 2, 2016 9:38pm | Edited 10:31pm
Quoting pulubi28
{quote} Hi Dimi! You're posting more trades of H4 now, did you give up H1 trading already? I'm thinking of giving up H1 also, to make my life less stressful. Do you consider Last swing high/Low for H1 SL? Here is my trade yesterday: CadJpy H1 SHORT, Win But the problem is I only took 20pips TP, but my SL is very big 87pips, Last swing high. The R:R is not great. {image} Thank you!
No, I didn't give up on the 1H TMS chart. I've been posting a lot of 1H charts for the past few weeks so now it's time for me to post 4H charts for a change. It really depends on what is requested through my private messages etc. but if you happen to see my earlier posts you'll see my favourite timeframe for trading the TMS is the 4H charts. 1H is good for quick cash but 4H and Daily is where big money is.

Yes you can use the last swing high and low as a stop loss area if that's where you feel safe on the 1H charts.

PS: Nice trade by the way! You did better than me yesterday haha. Good work!
  • #65,384
  • Feb 2, 2016 9:56pm Feb 2, 2016 9:56pm
Set and forget EA trade long + 50 pips
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I Have Learned to Take Some Losses to Make Profits
  • #65,385
  • Feb 2, 2016 10:36pm Feb 2, 2016 10:36pm
Quoting TheScorpS
Set and forget EA trade long + 50 pips {image}
You are truly e/a specialist and your trading has improved by leaps and bounds
the cautious seldom err....C
  • #65,386
  • Feb 2, 2016 10:40pm Feb 2, 2016 10:40pm
Quoting TheScorpS
Set and forget EA trade long + 50 pips {image}
Your trade order needs to be in the right place at the right time.
  • #65,387
  • Feb 2, 2016 11:17pm Feb 2, 2016 11:17pm
its 5am in London. Don't lose sleep just because you want to trade.

yesterday, GBPAUD, GBPCAD and AUDNZD all ran nicely and you should have made the hundred of pips easily off the Day chart.

Plan your trades, .. Build your positions and Run your profits.

that's PLAN, BUILD and RUN.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,388
  • Feb 2, 2016 11:27pm Feb 2, 2016 11:27pm
Today we have EURAUD and EURCAD D1 setups

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,389
  • Feb 2, 2016 11:30pm Feb 2, 2016 11:30pm
TMS Monitor 3 Feb D1 chart Strong Sell 'signals'.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,390
  • Feb 2, 2016 11:33pm Feb 2, 2016 11:33pm
Quoting Javforex
{quote} Big Emm, one question regarding your PA on EJ. There's a very WRB formed on last friday. And whenever there's WRB, we forming on that particular timeframe, we would skip trade or go LTF. If WRB/MC is formed, how long before we can trade this consolidating zone? A period of at least 2 days in this example?

yes, there were WRB on both D1 and H4.
therefore I looked at H1 for possible trade entry.
there is no time limit and we have to follow the price action everyday and see what happens.

EJ H4 we screwed up.
But if we trade with ME/ME, we should still be in buy positions, following the Weekly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,391
  • Feb 2, 2016 11:43pm Feb 2, 2016 11:43pm
Quoting pete.alfa
{quote} Thank you Emmanuel I will take all the arrows out as your recommendation. I have one last question it may sound stupid but at least it will clear my query. Wave analysis from the picture below. What do we use to analyze primary, intermidate & short term trend? I am using 10ema instead of 5ema because I can recall you said long time 5ema(shift3) is not much different from 10ema. So I am using 10ema as wave anaylze because they are quite close to the prices and you use them a lot too. Best regards, {image}


We do top down analysis (Big Picture Plan) to determine the market type if it is trending or sideways. If it is sideways, then we want to know if it is narrow range or wide range.

Techncially, the values of the 10EMA, Close, no shift and the 5EMA, Typical Price, Shift+3 are very close hence I said there is no differeence.

the way we use either one make the difference.

TMS 5-Method uses the 5EMA as the direction and to see the setup candle.

The 10 EMA is use to see the dynamic support and resistance in the higher timeframes.

Whether you want to use the 5EMA or the Synergy-pro PAC or the 10EMA is up to you. But you need to be clear what your own rules are for each one you use and be CONSISTENT in your rules and following your rules when making trade decision.

Comparing 5EMA, Synergy PAC and Synergy_Pro PAC: Post# 54,119

The power of 10EMA Post#8,528 by FF member named tango-1

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,392
  • Feb 2, 2016 11:49pm Feb 2, 2016 11:49pm
Quoting BataviaTrade
{quote} Flipping back in Big E's postings, he has 2 approaches: "....On this method the TDI is King...." (early postings while he was already very succesful with TDI method) "...#1 in importance is PA, #2 is the TDI for confirmation & Stochs is just an indicator I note..." (later postings). Did his strategy just evolve this way?
nothing has changed. it is discretionary trading method.

If TDI is King, then Post#647 question : "does the Stoch confirm the TDI?"

what is the Stoch? Queen or the King' Consort or the court jester.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,393
  • Feb 3, 2016 12:05am Feb 3, 2016 12:05am
Quoting Saionbus
{quote} Hi Emm, I remember a H4 picture about price trend and TDI rend, you mentioned that if both trend shows same direction that is a A++ trade. I guess the 5EMA typical shift+3 direction shows a Price trend, other candle patterns such as MC, IB, DBHLC, Engulfing bar,Hammer also shows a price trend, when this according with TDI trend, enter the cross. Does this means a A++chance? Could you please define more about A++ trade, because there are so many TDI crosses always mislead our newbies and hit SL. (Sorry, I believe you mentioned many times,...
What is a A+++ trade set-up?
A technical setup is seen with Price Action at Support & Resistance as a Continuation in an established Trend. The Trend must be reconciled in three different timeframes using Multi TimeFrame analysis and there must be Momentum seen in both the real Price Bar and APB candles. The market must not be in narrow Range consolidation and the Timing must be right for market entry and when the market shows Volatility and Strength.

Note: For reversal setups with entry using APB candle #1 and candle#2, these are aggressive entry hence have more risks, ....

Post#60,281
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,394
  • Feb 3, 2016 12:36am Feb 3, 2016 12:36am
Quoting mugie
{quote} Hello pete.alfa. Can help me. How to display multiple chart in one screen?

here...

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,395
  • Feb 3, 2016 12:56am Feb 3, 2016 12:56am
Quoting Bardy
{quote}Check out Forex Tester 2 if you want to run through historical data on an mt4 platform with the 5 method. You can make 100 trades in under a half hour so you would accelerate your learning curve.
Thanks will give it a go, it's a $149 more expensive than mine though
  • #65,396
  • Feb 3, 2016 1:07am Feb 3, 2016 1:07am
3 trades from last nigh in 1H + 2 trades from 1D from yesterday.

the 1D trades are still open, i closed part of the trade and SL moves to BE.
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  • #65,397
  • Feb 3, 2016 1:18am Feb 3, 2016 1:18am
Quoting Bushy
Right, you know what we need here traders, an MT4 trading simulator, something that will let us run through historical charts as if in realtime but at high speed, where we can actually simulate real live trading, where you can run through months of charts on a pair in a couple of hours, now wouldn't that be great. What if we were able to run through maybe 3 months worth of charts in 2 hours or so, wouldn't that be so much help. Well I have a nice surprise for you, I remembers a little mql4 script I wrote quite a while ago, why I forgot about something...
Thanks Bro! you might want to invest in a forex tester which gives you a better holistic approach...My opinion
FXafrica " it is in giving that you receive..."
  • #65,398
  • Feb 3, 2016 1:22am Feb 3, 2016 1:22am
Quoting shay14
whats the point of using stochastics? it shows the same thing as tdi if tdi is up, stoch will be too
BIG E says:

The key to this method is the Traders Dynamic Index indicator for entries and exits. I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.
FXafrica " it is in giving that you receive..."
  • #65,399
  • Feb 3, 2016 1:25am Feb 3, 2016 1:25am
Quoting Dimi.A
{quote} GBPUSD was a loss (you get those) and GBPJPY kept going down so you would have made profit from GBPJPY if you held on. But nevertheless both good entries and you did the right thing. TDI was sharp in the beginning and Stochastics confirmed direction too. Remember we do get losses here and there. Once you're up to speed and spent a few hundred hours trading the original TMS and getting used to the TDI angles you'll be hitting profit more than 85% of the time as Eelfranz said. Keep it up mate.
So true and 99% is about attitude/self belief, check out Big E comments:

Every time I enter a trade I Expect To Win... right from the get go. If I'm not sure because of what I'm seeing I'll pass and find another set up... therefore the wheel barrow is required equipment to trade this simple method...
FXafrica " it is in giving that you receive..."
  • #65,400
  • Feb 3, 2016 1:38am Feb 3, 2016 1:38am
Quoting Dimi.A
{quote} For me, I set my stop losses at 100 pips on the 4H. You need to give your trades room to breathe. If you put small stop losses on the 4H chart like 30 or so pips you'll chop your account to bits. I promise you. Eelfranz didn't trade with stop losses most of the time. I'm not a fan of stop loss trading either but with all the Chinese rubbish going on last month and selling off etc. who knows what's around the corner so I've been using a 100 pip stop loss just to be safe. By the way, beautiful work man. See how easy it is when you don't add...
Hi Dimi,

As always thanks for the support.

Few questions in regards to SL 100pips:

- for small traders, they would need to have enough funds in their account to handle SL 100pips. Meaning if the market reverses on your entry and start if i can say "reserve your available funds" you want be able to take any other trade. But i know as per Big E comments it has never happened to him or rarely. But safe better than being sorry.

- SL 100pips in my opinion breaks the fundamental rule of BIG E. He says:

"I never knowingly take a draw back of 40-50 pips even on the 4hr. I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back. If it happens when I'M SLEEPING... SO WHAT ... I never know about it... S/L at last HH or LL. It turns out in my favor most of the time. I lose about 2 trades out of 14-16 trades. I can live with that. I choose my trades carefully making sure they meet the entry rules spot on..."

In my humble opinion, i believe that it could be safer to put SL at 100pips because the market always bounces back. You will either break even or make small profit but how long will you need to wait for it...how many other opportunities would you have lost to make pips because of it...Specially if you are running a small account. I also battle with this...there is no straight forward answer. I guess it comes back to the trader style.

Big E says again:

"If I'm in a bad trade losing pips I'll exit immediately. I can already re-enter when it looks better... heck with waiting for the next candle... my style..."

Hope it helps...
FXafrica " it is in giving that you receive..."
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