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Trading Made Simple

  • #68,081
  • Apr 9, 2016 6:23am Apr 9, 2016 6:23am
Quoting bodal
{quote} Hi Emmanuel7788 , I am reading this great TMS thread post by post and thank you for your tremendous input (idem in other threads that I have already read several times as Xman SS3 , LE1 for example ) but regarding TDI which is the heart of all these threads , I was askingmyself this question : how to repeat this indicator by myself in MT4 , just to really understand how it works and react ? You already answered to these questions by a very clear and complete post in 2013 and another a year later (where I am now in my reading !) but your...

Hi bodal,

sorry there is my mistake in the description in that doc "ersatz TDI".

that old post
http://www.forexfactory.com/showthre...55#post7275155

is correct to follow to create the TDI using the RSI and moving averages.

but it is not possible to create the volatility band following that way.
maybe someone has done it.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,082
  • Apr 9, 2016 6:27am Apr 9, 2016 6:27am
Quoting tibovwh
{quote} Hi Bodal, To my best knowledge there is two possibilities: You can use the original TDI settings: RSI(13) on Close, SMA(2) on RSI, SMA(7) on RSI, SMA(34) on RSI You can use the Synergy PRO settings: RSI(10) on TP, EMA(3) on RSI, SMA(7) on RSI, SMA(34) on RSI The Volatility Bands are simply Bollinger Bands on the SMA(34). VBup = MBL + 1.62*StdDev(MBL) VBdown = MBL - 1.62*StdDev(MBL) I did not double check but I think this should replicate both versions. (Atleast the RealTime ones) If this is not correct let me know and I'll have another look...

tibovwh,

you are correct with the programming code for the VB.
it is 1.618 a golden ratio number which make things look like there is precision.
you can also try with 1.764 or 1.786 or simply 2.000.
TMS traders don't really care.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,083
  • Apr 9, 2016 6:31am Apr 9, 2016 6:31am
Quoting emmanuel7788
{quote} tibovwh, you are correct with the programming code for the VB. it is 1.618 a golden ratio number which make things look like there precision. you can also try with 1.764 or 1.786 or simply 2.000. TMS traders don't really care. regards,
I agree.. Doesn't really matter. But 1.64 and 1.96 are Normality coefficients for 90% and 95% confidence bands
  • #68,084
  • Apr 9, 2016 7:05am Apr 9, 2016 7:05am
Quoting jmmac
{quote}.... I think you could even start your own thread with all the benefits of having more control and being able to organize better all the information and teachings. BigE I'm sure would be proud. ..Jaime

Hi Folks,

I just want to pick up this point made by Jaime on starting a new thread.

About starting a new thread, well this has been frequent requested by members that I start a new thread. It is not an easy decision to simply start a new thread. It needs to be carefully thought through because it can affect other people lives when they learn from new thread which does not help them become better traders and be profitable. I do not believe in acting in rash manner starting a new thread overnight out of emotions. As one member shared with me recently, he got scared when members put too much faith in him and inn his thread. He also realised that huge amount of different expectations members had in his thread and in him being the teacher. I empathise with him because owning a thread demand more time and focus which can distract him from his own trading.

Since Eric passed away in Oct 2012, this thread has been in ‘auto-pilot mode’. At different times different members came and kept it going for a while. I was active in the other TMS threads – X-Man’s S3 and LE1 M15 threads then. But looking at this thread now, it has reached 5 years. I believe the 5-Method will always remain the same since it is a simple trend trading method. But I think we need to re-invent ourselves in the way we all trade this time tested and proven trading methodology. After all, the trading method is not more that 10 percent of a complete trading system.

When I started my trading business this year, my decision was to spend less time online and contributing to forums. I was active in another forum which I was invited to contribute to that community. That commitment ended in December last year and now give me more time for other things in life. I had also stopped trading intraday and focus mainly in 4H swing trades and D1 chart Position Trading.

With more spare time now, I have started to work with members who have approached me for help. These are people who have genuine reasons to trade the market and to find an additional income source to supplement their day job income and to provide for their families. I have been approach by people with different needs and different urgency. My priority is to help those with genuine needs and the more urgent one first. For example, if someone come to me and say that he needs to recover the money he lost over the past years, this sort of request will be last in the priority list.

From all the PMs I received and reading the members posts here, it is obvious that many do not have the required market knowledge and also the very basic things about trading. Some struggle with their PCs and also the trading platforms. It is very difficult to address all these in this thread and help everyone.

I believe to have a new thread, it must be something original, it must add value to the 5-Method, it must be time tested and have proven results to show that the ‘system’ works. By copying this thread name “Trading Made Simple” or “TMS” and then adding all other stuff to it will only do more damage than helping the members especially newbies who are ignorant and naïve.
I have seen commercial site exploiting the use of name “Trading Made Simple” and even quoting from this thread for pure greed to make money from innocent members of the public.

I am open to new ideas and open for more discussion here. If members feel strongly that we need a new thread to provide continuation to this Trading Made Simple.
Please post and share with me your ideas, suggestions and what do you expect from a new thread.
What do you see as a vision to move this thread Trading Made Simple forward another 5 years.
What contributions and role will you play in the new thread should I start a new thread.

I look forward to your feedback.
Thank you.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,085
  • Apr 9, 2016 8:27am Apr 9, 2016 8:27am
Quoting emmanuel7788
{quote} Hi Folks, I just want to pick up this point made by Jaime on starting a new thread. About starting a new thread, well this has been frequent requested by members that I start a new thread. It is not an easy decision to simply start a new thread. It needs to be carefully thought through because it can affect other people lives when they learn from new thread which does not help them become better traders and be profitable. I do not believe in acting in rash manner starting a new thread overnight out of emotions. As one member shared with...
Hello everyone,

In my opinion a very useful thread would be for BPP discussions. 5-Method and 21/233 have been talked about and covered enough in this thread, no need to repeat that info over and over again.
A BPP thread would be very useful and most likely it would be active all the time, with weekly BPP discussions.

My vote is for BPP, PA... and less 5-method,entries, exits.

Just my 2 cent

Have a nice weekend everyone,
Bill
focus, manage risk, rinse, repeat
  • #68,086
  • Apr 9, 2016 8:41am Apr 9, 2016 8:41am
Emm,just you can start a new thread with your style.
Only care the people who survived otherwise you will exhaust by very simple or repeat questions.
As the pictures shows not everyone will insist.
As many people just want quick rich.
Attached Image
  • #68,087
  • Apr 9, 2016 9:27am Apr 9, 2016 9:27am
Quoting bill992
{quote} Hello everyone, In my opinion a very useful thread would be for BPP discussions. 5-Method and 21/233 have been talked about and covered enough in this thread, no need to repeat that info over and over again. A BPP thread would be very useful and most likely it would be active all the time, with weekly BPP discussions. My vote is for BPP, PA... and less 5-method,entries, exits. Just my 2 cent Have a nice weekend everyone, Bill
BPP thread would be great! I agree with you bill992
“Stops don’t limit profits — they prevent disasters.”
  • #68,088
  • Apr 9, 2016 11:41am Apr 9, 2016 11:41am
Quoting emmanuel7788
{quote} Hi, I close all 4H swing trades when the average weekly range is exhausted or else I close all trades on Fridays during London session and before NY closes. But for Position trades on D1 chart TF, I hold them for weeks depends on what I see on my charts. regards,
Emm thanks for your honesty. I more confident now. On my observations is average reached level 3 open trade per position, this is my opinion for GBPAUD, GBPNZD, GBPCAD, EURAUD, EURNZD, EURCAD.
According to your observations, how much average open trade per position for major pair? its same with cross pair?

Regards,
  • #68,089
  • Apr 9, 2016 1:37pm Apr 9, 2016 1:37pm
Emm, I think a good idea would be on Friday evening after markets are closed, for you to suggest a pair for everyone to do a BPP, probably be easier if it's one you plan to do it on anyway. Then we all post our own BPP and explanation of what we see in a PDF format, the same way you do it, e.g monthly, weekly, daily, 4H. Once you post yours, we have something to compare it to, and I think over weeks, it will definitely help newbies like myself to become better at their BPP, and also if a few people are posting theirs, everyone can see different ways of analysing the same thing.
  • #68,090
  • Apr 9, 2016 1:42pm Apr 9, 2016 1:42pm
Quoting bill992
{quote} Hello everyone, In my opinion a very useful thread would be for BPP discussions. 5-Method and 21/233 have been talked about and covered enough in this thread, no need to repeat that info over and over again. A BPP thread would be very useful and most likely it would be active all the time, with weekly BPP discussions. My vote is for BPP, PA... and less 5-method,entries, exits. Just my 2 cent Have a nice weekend everyone, Bill
+1
  • #68,091
  • Apr 9, 2016 1:59pm Apr 9, 2016 1:59pm
What does BPP stand for?
  • #68,092
  • Apr 9, 2016 2:03pm Apr 9, 2016 2:03pm
Quoting gdfaria
What does BPP stand for?
It stands for Big Picture Planning​

It's a method to analyse a currency pair by looking at the "bigger picture" e.g, monthly, weekly and daily time frame
  • #68,093
  • Apr 9, 2016 3:45pm Apr 9, 2016 3:45pm
Quoting gdfaria
What does BPP stand for?
It stands for Big Picture Planning. Marking Monthly and Weekly Support&Resistance levels using the line chart (not candles) and deciding your Buy, Sell or No trade decision for each pair in the upcoming trading days.
Look at chapter 4 of the attached document for more info.

Regards,
Bill
Attached File(s)
File Type: pdf Naked.Forex.HighProbability.Techniques.for.Trading.Without.Indicators.pdf   7.6 MB | 80,267 downloads
focus, manage risk, rinse, repeat
  • #68,094
  • Apr 9, 2016 3:57pm Apr 9, 2016 3:57pm
Quoting bill992
{quote} It stands for Big Picture Planning. Marking Monthly and Weekly Support&Resistance levels using the line chart (not candles) and deciding your Buy, Sell or No trade decision for each pair in the upcoming trading days. Look at chapter 4 of the attached document for more info. Regards, Bill {image}
Thank you =)
  • #68,095
  • Apr 9, 2016 5:58pm Apr 9, 2016 5:58pm
[quote=emmanuel7788;8863458]{quote} Hi Folks, I just want to pick up this point made by Jaime on starting a new thread. About starting a new thread, well this has been frequent requested by members that I start a new thread. It is not an easy decision to simply start a new thread. It needs to be carefully thought through because it can affect other people lives when they learn from new thread which does not help them become better traders and be profitable. I do not believe in acting in rash manner starting a new thread overnight out of emotions. As one member shared with me recently, he got scared when members put too much faith in him and inn his thread.

Hi Emmanuel
I think a new thread would be a great idea just to reflect how this thread has developed during the last year or so. The core TMS5 is is still there but now with ME/ME it has deviated too much from the original thread, it is not that "simple" .
I know you are very patient and don't mind repeating yourself over and over, but for newbies coming to the thread starting from the system on page 1 and then seeing the charts and discussions now it is very confusing.
I have learnt a lot from your posts, unfortunately I lost you on ME/ME, probably because I was not ready for it just yet, I like the action of the shorter TF, and thanks to you, eelfranz(RIP) LE1 Pipsninja I can say I am at least a break even trader.
Now due to work commitments I will not have much time to monitor charts and trades so that way of trading Is something I am willing to learn and contribute if I can in some way.
if there is anyone in this forum who should have his own thread I think it's you, you are a great teacher and always shown patience and willingness to help whoever has asked for it.
A new thread would be very beneficial for anyone, having some clear set of rules at the beginning of a thread, starting from the TMS monitor screen, identifying s/r levels, the mental process we need to go through in finding entry and targets, down to money management, I think it's time to take it to the next level if you are willing to take us there😉.
Best regards
Emanuele
  • #68,096
  • Apr 9, 2016 10:34pm Apr 9, 2016 10:34pm
Quoting satjhangra
Emm, I think a good idea would be on Friday evening after markets are closed, for you to suggest a pair for everyone to do a BPP, probably be easier if it's one you plan to do it on anyway. Then we all post our own BPP and explanation of what we see in a PDF format, the same way you do it, e.g monthly, weekly, daily, 4H. Once you post yours, we have something to compare it to, and I think over weeks, it will definitely help newbies like myself to become better at their BPP, and also if a few people are posting theirs, everyone can see different...
I was thinking something like this as well. Thanks for posting.
  • #68,097
  • Edited 11:51pm Apr 9, 2016 11:15pm | Edited 11:51pm
Quoting shay14
hi guys, after a short break and a busy life, im back again, ive noticed now there are tons of tdi versions, which one is best? i've downloaded the original SYNERGY TDI PRO, however one thing i've noticed, when a cross occurs, it's rare that it's on the second HA candle or first, it seems to be third candle a lot of the times, but other TDI's cross on first or second candle
Hi shay,

I was wondering where you have been the past months.
Many Newbies to TMS threads are confused by some many different versions and lead them to look for that 'holy grail' version that will make money.

I dont blame them for being confused with so many different versions of the TDI posted in this forum. That is a very good excuse when traders lose their moneyblame the wrong version of the TDI used.

That does not help newbies at all when these TDIs are posted over and over again by other members in trying to help newbies. In their attempt to help newbies, they add more confusion when they do not explain clear enough with realtime live trade examples and explain each of the TDI and how to interpret the price action and looking at the TDI for confirmation. To be able to do this sort of teaching in real-time requires many years of experience in trading the 5-Method. I think 3 to 5 years live trading experience with proven profit results would be benchmark to tell if TMS trader really have the experience to teach others and especially to teach newbies.
Moreover, frequent changing of the trading chart adds more confusion to the newbies. What newbies need to learn is first to setup their trading charts to the basic template (Post#25) and use that chart template when they start to trade the TMS 5-Method.

Newbies can create their own template for their Big Picture Plan and use that BPP for their trade planning. What they should not do is to use the BPP chart for their realtime live trading because the BPP usually contains a lot more information such as the historical MN price swing levels, support and resistance, dynamic moving averages 10EMA, 50EMA and 200EMA., previous MN and previous week OHLC levels, BRN and RN, etc. These are all used for trade planning looking for the dominant trend and/or trade bias, looking for price action setups at confluence of various support and resistance, using the historical MN price swing for trade exits to take profits.

Also the use of support and resistance to look for potential breakouts to maximise profits ( let profits run).
There is one universal disclaimer which I read often every trader trades different, traders have their own slant, traders trade different timeframes, I made it work for me, dont know what works for me will work for you, 95% of traders lose money , no two traders trade the same way, etc. etc. the list of such disclaimer goes on and on. So what is the winning edge?

The hard truth. Those who post frequently their winning trades more than losing trades do make some money. But over the much longer term (keep that simple, lets use 1000 trades completion), they are all in the 95% of loser group. Thats the hard truth because they do not have that winning edge and only when they do they will know what their winning edge is and can share it.

If Big E had use only one TDI version and achieved 70% to80% win rate, what makes you think you can do better than 70% win rate with another TDI version. Lets cut all the crap posted and simply decide use only these two(2) versions. It is your discipline and consistency in making trade decision which will determine whether you will win more than you will lose.

TDI Red Green Post#25.
TDI-RealTime version Post#17,848
You can use that TDI_RT default settings or you can change the settings to be the same that of the Synergy_Pro version. This is the current version settings used by active TMS 5-Method traders.

The TDI_RT version requires us to wait for the candle to close to confirm if that is the setup candle. This realtime RT version works the same in realtime live market and also when we do back-testing by scrolling back to history charts. What you see live is what you will see in history charts. All of Big E training charts show exactly what this realtime version shows.

If you jump in during a APB#1 candle thinking that is that is a setup candle, you are taking higher risk. If you do this frequently, you will lose more than you will win. You can never catch a H4 reversal setup candle by catching it early in H1. There are 4xH1 candles to make that H4 candle, which of the h1 candle do you want to catch?
Trying to catching a H4 reversal early in H1?, this remains a fantasy of some very inexperienced traders using the TDI Red Green. Read what Big E said about using H1 chart when you see a H4 setup candle.

Attached Image (click to enlarge)
Click to Enlarge Name: early bird or second mouse.png Size: 452 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,098
  • Apr 9, 2016 11:30pm Apr 9, 2016 11:30pm
For those who love to trade lower timeframes and want to make money fast. You can scalp the way Big E did.
Here is a summary of his posts where he scalped using H4 setups.

Attached File(s)
File Type: pdf Big E s 5-Important Posts for scalpers.pdf   143 KB | 1,937 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,099
  • Apr 9, 2016 11:45pm Apr 9, 2016 11:45pm
Quoting eelfranz
Remember that not everyone sees the market and TDI the same way you do... {image}
remember this funny post by Big E..."not everyone sees the market and TDI the same way you do."

Attached Image (click to enlarge)
Click to Enlarge Name: trading artist.png Size: 561 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,100
  • Apr 10, 2016 12:07am Apr 10, 2016 12:07am
what is M/M in trade . give me details regarding the same
thank you
stay cool when trade begins
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