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Trading Made Simple

  • #67,201
  • Mar 18, 2016 7:14pm Mar 18, 2016 7:14pm
Some people keep bugging with the same question over and over again:

Why do I emaphize that we do multiple timeframe analysis when Big E did not once mention this term MTF in all his post.

perhaps they did not read all his posts and taken own notesd and written their own trading manual. They may have only look for words using FF forum search.

FAQ: Did Big E check other timeframes?

Yes, read Post#2,846
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,202
  • Mar 18, 2016 7:16pm Mar 18, 2016 7:16pm
here is a gentle reminder for those of you who consider yourself to be new to trading:

Read Post#2,898

http://www.forexfactory.com/showthre...18#post4204018
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,203
  • Mar 18, 2016 7:30pm Mar 18, 2016 7:30pm
Hi Traders,

Looking forward to learning all I can and sharing things I have learned.

Best Regards
BobH
True Grit!
  • #67,204
  • Mar 18, 2016 9:42pm Mar 18, 2016 9:42pm
Quoting emmanuel7788
{quote} Entry and Exit: keep simple rules: entry and exit must be on the same trading chart timeframe. TDI cross up on H4 you buy, TDI cross down on same chart H4 you exit. there is only one exception, anyone who know this exception and post an example with a chart and explain this exception using this week's price data will win a prize from me. give it a try, the prize is worth 1,000 pips per month.

I think the exception is when it cross down but it is against a support line, e.g., prior high(s).
Attached Image (click to enlarge)
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  • #67,205
  • Mar 18, 2016 9:53pm Mar 18, 2016 9:53pm
Quoting makron
My first 3 weeks with TMS. For my persom its very good results, i never have such curve But i believe, this weeks i was very lucky. Need much time to have consisteence. But i learnt one lesson, one of the most important. I stopped search holy grail througt millions FF systems. I stay here. Thanks Emmanuele and other mentors! Your results make me learn and go forward. Keep going {image}
Impressive results! Hope one day I can also achieve success like yours! Keep it up!
  • #67,206
  • Mar 19, 2016 12:15am Mar 19, 2016 12:15am
LO trades on EA on H1 yesterday long at LO opens , 2 positions for +90 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 375 KB
I Have Learned to Take Some Losses to Make Profits
  • #67,207
  • Mar 19, 2016 2:51am Mar 19, 2016 2:51am
Quoting TheScorpS
LO trades on EA on H1 yesterday long at LO opens , 2 positions for +90 pips {image}
Imho, I think you got lucky this time..The trend was clearly down and your first entry was more of an impulse entry as I believe you entered when price moved above the 10 ema and price closed as a doji below the 10 ema soon after. The next candle was a hammer and you took your second entry on the next candle as soon as price went above the 10 ema and it would be very near the time candle opened..In both cases I noticed the green tdi had not crossed the red and you were maybe 10 pips or so from being stopped out. I do know we need a bit of luck from time to time when trading but just as a matter of interest would you have shown the trade had you been stopped out...just thinking
the cautious seldom err....C
  • #67,208
  • Mar 19, 2016 3:12am Mar 19, 2016 3:12am
Quoting MDTrader
{quote} Maybe the exception is when on a higher timeframe we just got a setup in the same direction as our current position? For example on H4 we have TDI cross down: {image} But on D1 we just had a buy setup: {image}
If DAily is going up then 4hr will cross down as retracement the best trades I recommend is following the daily trend sure u will get some pips from a retracements but the gains are massive when following the trend
  • #67,209
  • Edited 6:00am Mar 19, 2016 5:33am | Edited 6:00am
Quoting pips29
{quote} Imho, I think you got lucky this time..The trend was clearly down and your first entry was more of an impulse entry as I believe you entered when price moved above the 10 ema and price closed as a doji below the 10 ema soon after. The next candle was a hammer and you took your second entry on the next candle as soon as price went above the 10 ema and it would be very near the time candle opened..In both cases I noticed the green tdi had not crossed the red and you were maybe 10 pips or so from being stopped out. I do know we need a bit of...

Hi pips29,

in my view, the better setup candle appeared much later. But that will depends on which version of the TDI the traders are using.
With the TDI Red Green non-realtime (re-painting) version, there will be a TDI bounce.
However, the TDI realtime version has shown a TDI Green witn good angle ahead of the setup candle.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD TDI compare Mar 17 - 18 H1 setups..png Size: 74 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,210
  • Mar 19, 2016 6:07am Mar 19, 2016 6:07am
Quoting emmanuel7788
{quote} Entry and Exit: keep simple rules: entry and exit must be on the same trading chart timeframe. TDI cross up on H4 you buy, TDI cross down on same chart H4 you exit. there is only one exception, anyone who know this exception and post an example with a chart and explain this exception using this week's price data will win a prize from me. give it a try, the prize is worth 1,000 pips per month.
Since you said there is no limit to the attempts, I'll give it another try, using the GU chart on D1 from this week.

On W1 chart, last week closed above the IB pattern of previous weeks. So that tells me I wanna be a bull. On D1 chart, although the candle closed under the 5ema and with a cross, it is still above the 50 level and the MBL, and we are expecting MBL to provide support and reject the green line, following the W1 analysis. I do not use the MBL in my trading, but I had to plot it to see if the prize lies hidden in there.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 82 KB


Another example, using one of this week's charts, GA, H4 (I got 168 pips on this baby)
After BPP, I knew I wanted to be a bear, so I sold the pair this week. After the cross to the upside, the MBL provided resistance, the MBL was under the 50 level, and the green was pushed down, being unable to break the resistance provided by the 50 level and the MBL. Once again, I did not use the MBL or 50 level in my trading, but what does a man not do for a prize of 1000 monthly pips?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 71 KB
  • #67,211
  • Mar 19, 2016 6:11am Mar 19, 2016 6:11am
Quoting bill992
{quote} I believe only exception to those rules are the Bounce entries. Examples this week: GBPPY H4. Please ignore the current SL, TP there on the chart. As for explaning the exception, i can try. If green touches red but doesn't cross + the candle doesn't close on the other side of 5EMA shift +3 and higher time frame trend agrees with you.... then that is a good Bounce trade. So best example is the second bounce from GBPPY GBPJPY H4 {image} In the words of Big E : {image}

Hi,

not correct.
if the Entry was based on setup candle close above the 5EMA and with TDI cross up asconfirmation,
then the Exit would have been the candle close below the 5EMA and with TDI cross down.
the question was if the candle close below the 5EMA and TDI cross down, and we do not exit , what is the exception that we do not exit.

your TDI bounce is good example where we can trade the continuation of the established uptrend. These are usually safe trades in an established trend.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,212
  • Mar 19, 2016 6:12am Mar 19, 2016 6:12am
hi,

could anyone whom is experienced with TMS know how i can avoid the trade pictured below.

i determined the WRB on H4, switched to H1, price bounced off the H of the WRB and there was a TDI cross, so i get in, but later price pumped up to my SL and above.

i know no system is the holy grail, but whas this trade avoidable?

thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4 sl.png Size: 74 KB
  • #67,213
  • Mar 19, 2016 6:18am Mar 19, 2016 6:18am
Quoting joe12345
{quote} Hi Emmaanuel: What an inspiration you are to this thread. Your wisdom, passion, sincerity, tenacity and single minded pursuit has truly kept this excellent thread alive. If BigE were around today, he would say....well played! Respect!

Hi Joe,

Thanks for your kind words. This thread is about sharing and caring for new traders to TMS both the experienced and newbies. This is not a thread for members who want to get their ego massage regularly. We want help newbies to trading and help them learn to trade and to trade with using TMS 5-Method as the core technical trading method. I hope everyone here can help keep the positive spirit and make this thread conducive for everyone who come here with open mind to learn and it will help them achieve their financial goals in life.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,214
  • Mar 19, 2016 6:18am Mar 19, 2016 6:18am
Quoting emmanuel7788
{quote} Entry and Exit: keep simple rules: entry and exit must be on the same trading chart timeframe. TDI cross up on H4 you buy, TDI cross down on same chart H4 you exit. there is only one exception, anyone who know this exception and post an example with a chart and explain this exception using this week's price data will win a prize from me. give it a try, the prize is worth 1,000 pips per month.
And I also noticed something else on my GA chart, after plotting the 10 ema: using the previous example, I can add that the marked candle went above the 10ema, but it was unable to close above it, so it closed under, while having the bullish cross in place. So the 10 ema acted as resistance, despite the bullish cross. Plus all the other things I have already aded in the previous post, MBL under the 50 level and above green cross. The 10 is the red line.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 73 KB
  • #67,215
  • Mar 19, 2016 6:25am Mar 19, 2016 6:25am
Quoting kevinfeng
{quote} Let me try. When setup happened in the range of MBR or MC candle, the setup is invalid and that is the exception. isn`t it? here is the chart of USDCAD this week. sorry for unclear picture, i cut it from my VPS. {image}

yes, one of the trading rule which Big E mention in post#647 is about trading when the PA is in consolidation.

I use the Master Candle MC as one simple way to determine what market consolidation is instead of saying big candle or small candle.
MC are detected using an indicator with alerts and this eliminate the guessing game which may traders often ask, is this a MC or not?

My rule is not to trade any setup candles when they are within the high-low of the MC. This mean if the entry setup is in the MC, we do not trade that setup but we can either wait patiently for the breakout or look for trade setup one timeframe below... but always in the direction of the higher timeframe.


Master Candle : Post#28,556 pdf in Post#25,594
Master Candle (3): Post#54,546

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,216
  • Mar 19, 2016 6:29am Mar 19, 2016 6:29am
Quoting stl
{quote} I provide 2 answers to try my luck AUDJPY Daily Trader who use 5EMA Typical shift+3, TDI cross down but price not close below 5ema. So still not yet trade invalidation for long trade. {image} Trader who use 5ema typical shift+2, price close below 5ema and TDI cross down. It is a signal of trade invalidation for long trade. But the price still close within WRB. So better wait to breakout WRB then decide. {image} I think others already posted the similiar answers as me

For consistent result, we must stick to one template.
when we use the 5EMA Typical Price, Shift+3 we stick to this and do not compare with another setting.
the same also for the TDI version we use. Simply use one version and developed your trading rules based on that same version.

remember one template, one Big Picture Plan and you can trade all timeframes with just one same Big Picture Plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,217
  • Mar 19, 2016 6:36am Mar 19, 2016 6:36am
Quoting emmanuel7788
here is a gentle reminder for those of you who consider yourself to be new to trading: Read Post#2,898 http://www.forexfactory.com/showthre...18#post4204018
Hi emmuel.. any posible.. can u write another tutor for this simple and add new rule that u take.. its kinda messy in here.. i still cant get consisten result trading this method.. and i kinda highly confuse with trading style.. i just using original big E method from the beginning.. i still failed...it hit margin call many time on my demo acc please help.. trading using this for month now..
  • #67,218
  • Mar 19, 2016 6:47am Mar 19, 2016 6:47am
Quoting catalin_eros
{quote} I thought you said that invalidation is on the close of PA under/above the 5, nothing about the TDI was stated in that post. So to be clear, you see invalidation as both PA and TDI, or only TDI, or only PA? Which one of the three? It's small details like these that can make a huge difference.
There are difference Exit Strategies.
When our trade setup entry is based on setup candle to close above the 5EMA and TDI cross up, then a trade invalidation should be the opposite technical condition i,e the exit candle mus be one which close across below the EMA and the TDI cross down in the opposite direction of the entry.

When Big E exit his trade using TDI going flat, hook backwards, etc.. this is not trade setup invalidation. His TDI exit is to protect his money. You will find may of TDI exit will eventually run in the direction of the 'trend' after the reversal.

For more on Exit Strategy:

read this post:
http://www.forexfactory.com/showthre...12#post8536512
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,219
  • Mar 19, 2016 6:49am Mar 19, 2016 6:49am
Quoting ruben7222
{quote} maybe when you use ME/ME, you use the ADR to add positions, and using the 2 day High/Low as SL point, and trail this SL when a day candle close. so a TDI cross against your position can happen, but you close it when it hits your 2 day SL.

the question has nothing to do with money management strategy like ME/ME.

it is about trade entry and exit on H4.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,220
  • Mar 19, 2016 6:50am Mar 19, 2016 6:50am
Quoting BurnhamPark
{quote} My Guess!! Taking AJ as an example, (attached chart) based on our BPP, daily trend will be bullish until it reaches 200EMA & around BRN 87.000, so we set our TP at around that level. However, it retraced for 2 days indicating bearish TDI cross. But instead of exiting, we added new open positions to lower our average entry price. This I think is the exception. Again, we need to follow the direction of the main trend and using ME/ME is an exception to the rule. Hope my guess is right.. {image}

very good attempt using my AJ trade, but does not answer that question .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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