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Trading Made Simple

  • #72,501
  • Oct 21, 2016 6:40pm Oct 21, 2016 6:40pm
Quoting Tekkies
{quote} Stil angry? Good to see you back. Will keep me big trap shut. Have posted http://www.forexfactory.com/showthre...37#post9206437 an 1*RSI/3MA indi. Have found that "repaint" and cross disappear does not occur. The alarm is pretty good as well. Basically just an early warning indi. Stil trying to code it less sensitive.

to minimize the 'repaint' ... delay the condition check in your coding until that timeframe candle had closed.

remember when you use the RSI in your platform, it is realtime mode hence all the MA derived from that RSI will repaint until that candle closed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,502
  • Oct 21, 2016 6:45pm Oct 21, 2016 6:45pm
Quoting catalin_eros
"Mornin' quickie" on AC, with Emm's TOK_5H method (although he doesn't trade AC). {image}

my "morning quickie" is the SYD_2H and the Tokyo rush hour trade.

TOK_5H is European timezone "morning quickie".

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,503
  • Oct 21, 2016 6:52pm Oct 21, 2016 6:52pm
Quoting zombiefx
in my point of view trade is very simple if u control Your emotions.
...emotions...

As traders, we must not be emotionally attached to the market.

Learn to keep our human emotions separate from the emotions of the market.

Never be married to your trades. Cut your losses quick when your trades do not work out according to plan and when your trading capital is locked in floating losses.
Learn to make your hard-earned money work harder for you.

For those who have full time day jobs, learn to trade the Day chart timeframe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,504
  • Oct 21, 2016 7:44pm Oct 21, 2016 7:44pm
Quoting emmanuel7788
NZDCAD Week 42 oct 21 H4 another temptation to short this H4? do you really see sellers at this level 0.9500? {image}
NZDCAD Week 42 H4 POMO:

Did you fall for that temptation to short ? Very often we are very eager to trade and look for trade setups. But the market will 'setup' traders for the slaughter more often than not.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD Week 42 H4 market setup.png Size: 57 KB


- what is the short term and long term trend?
- is the market in consolidation or near to a consolidation area?

I place a lot of emphasis on Post#261 and Post#647. If we use Post#647 as our daily checklist when we plan our trades and before we take any TDI trades, we will more likely to have more winners than losers. A win rate of above 50% is not that difficult to achieve when we apply Post#261 and Post#647 in our daily trading routine. A lot of the things which Big E wrote in his posts are real but perhaps he did not explain them that well for everyone to understand easily.

You need to develop your trading habits through lots of hours of realtime practice. Try achieve that 6,000 trading hours like Big E. I am sure that amount of practice will do you plenty of good in your development as a trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,505
  • Oct 21, 2016 7:56pm Oct 21, 2016 7:56pm
Trading Made Simple is the 5_Method

if you still do not know what the 5-Method is,

you need to go back to where it all started:

5-Method and 21/233 Method Post#3018, Post#4104, in the Craig Harris Stochastics Method thread.

Also ask yourself, why did Big E use the 5 period exponential moving average displaced with shift +3.

5EMA, Typical Price , Shift+3
Attached Image



This 5EMA is important and is a part of the core of this trading method. Don't trade without it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,506
  • Oct 22, 2016 2:30am Oct 22, 2016 2:30am
Quoting emmanuel7788
{quote} my "morning quickie" is the SYD_2H and the Tokyo rush hour trade. TOK_5H is European timezone "morning quickie".
Yup, and I took it at FO, so European session. I wish to ask two questions, Emm. One is TOK_5H related, and the other is ME/ME related. So here we go:

1. If you look at my TOK_5H trade on Friday, you'll see that I took it because TDI was bullish, the HTF was also confirming the bullish movement, and I entered on the breakout of the upper line of the channel. The think is that the break occurred many candles after the cross, so not as per Big E's rules entry on the first candles. Was that a valid setup for TOK_5H or I should have not taken it?

2. I asked this question in a PM, and you asked me to post it here:

When we enter with ME/ME based on the W1 APB/bar, but then the market keeps retracing and we get an invalidation on D1 chart, do we exit? My logic tells me to stay in, since the entry was not based on D1. After all, that's what we do with H4/D1 trades, so D1/W1 should be treated the same, in my view. I am looking forward to a straight forward answer from you.

As always, thanks in advance, Emm! And have a wonderful weekend!

P.S.: I will like to know more about your average entry price entry add-on entries method. Maybe you can use some (more) examples?
  • #72,507
  • Oct 22, 2016 4:10am Oct 22, 2016 4:10am
Quoting griffinssoul
quick Big E scalp'n - forever ...... scalp'n take much more practice than H4 swing/position trades <- they r much clearer {image}
Those are as simple as it gets, the simpler the better, Div, waiting APB to show strength, BigE or Phx62 bounces , doing that over and over leads to perfection in trading , thanks for taking the time to post here
I Have Learned to Take Some Losses to Make Profits
  • #72,508
  • Edited 1:15pm Oct 22, 2016 5:34am | Edited 1:15pm
Quoting emmanuel7788
{quote} NZDCAD Week 42 H4 POMO: Did you fall for that temptation to short ?
It's the weekend, time to study TMS reinforcing the only braincell I have to remember "forex basic stuff"
A few page back an member ask to explain what is meant by BigE's angle.
What was replayed was ok but not that ok either. It did explained what an angle is and lacked the fatal ingredient as to what to look for when checking an angle.
Well here is my idea of an study on angle, other "basic's" is not taken into consideration.
Read the replay's and TDI Cross.pdf for more detail.
The little I know of TMS I get usually half of it wrong anyway.
How important is the angle of the cross?
#7625
When you look at the Green TDI line crossing the Red TDI line... Think of the face of a clock....
For a Long trade : when green crosses red you want the green line to be pointing up at an angle
between 12-2 on that clock face. (If it's pointing between 2-4 just pass on it and look for another.
For a short..... when green crosses red down you want it to be pointing at a 4-6 angle only
More reference to Angle
#270
If the TDI straight green line tweaks it's angle... pay close attention... check everything... it's warning you something has changed or is about to...
#643
When checking out the TDI for a possible trade: Think of a wall clock here and it's arms... you want to see the green line for a long trade at the 12-2 angle for best results and a short trade at a 4-6 angle... This is basic 4x stuff... Don't try to read things into the TDI just so you can get into a trade...
If the green line looks like it's at a 2-4 angle... it's weak. Pass on it.
This holds true for PA too for best results...
#701
Training Chart - example only
Look at the last short... The first red candle doesn't count... it's a nothing... barely a speck... On my FXDD Charts the second candle is the entry candle barely... The TDI is at a 4 o'clock angle...on the next candle the TDI green line drops to a 5 o'clock angle.... TDI looks good with Stochs confirming... Flashing light, flashing light.... look at the wick pullback on the big candle !!!!! wow... I'm expecting a short lived trade... next candle is at the bottom of the TDI check mark with another candle pullback... time to exit... last two candle bottoms are about the same... exit, exit, exit ! Look to the left (2 blue boxes) that's what is stopping the downward movement... and the last candle starts up.
Take time to learn to read your candles and what their trying to shout at you as well as your TDI signals...
This is all BASIC FX things you need to know and recognize
#772
Looking at the chart... I don't trade small candles. The first possible candle I see to enter on is vertical line #3... however the Green TDI line is pointed at a 3:30 to a very weak 4 o'clock angle which would keep me out personally. Vertical line #4 is a solid TDI entry... just my personal analysis
#785
On any timeframe when green crosses red (12-2 or 4-6 angle) we enter the trade at the beginning of that candle... check out the basic stuff as discussed earlier.
Sounds like a good idea... don't get greedy... Personally I don't trade with a TP level... just my style...
#1073
Oh man... what a trade.... easy money... TDI starts at 5pm angle and tweaks to 5:45pm angle.... who caught this?
#1826
Always look at the TDI angle... 12-2 or 4-6 on a clock. If it's a weak 2 or 4 o'clock position... don't take the trade...
#7593
Here it is 4am and everyone is sleeping.... as you should be on Saturday morning.....
PLEASE TAKE THIS TO HEART... IT'S IMPORTANT TO YOUR SUCCESS
Study old 4hr charts. LOOK FOR ALL THE TRADES THAT WOULD HAVE BEEN SUCCESSFUL.
Now study each one... TDI angle, how close to s/r, 68 coming down or 32 going up, could you get in on candle 1 or 2......
This will pay you big time if you do this faithfully. Do it for a year minimum........
You will teach yourself what to look for before placing a trade...
#7664
Always cherry pick and look for the steepest angles to trade...
#8282
I am so happy to see so many of you kicking bootie. Honestly the rules are simple. You should expect winners on an ongoing basis.
You have to overcome personal glitches for this method or any other. Use common forex sense... look for possible problems before opening a trade. Check for correct angle, where is s or r, etc.
If you need a refresher about basic forex principals go to www.babypips.com , then come back.
BOUNCE TRADES - When green bounces off red... how is greens angle? If it's 12-2 or 4-6 and all else looks good... I'll usually enter.
Youre all doing a bang up job...
Anyone in the US need a call? PM me...
#8286
EVERY BODY OUT OF THE POOL!
If you want to add indicators... keep it to yourself and please don't post it here. You know the rules... please trade it as laid out.
Trade it during the first 1-3hrs of any session on the 1hr chart and 4hr chart during the London open.
Study old charts on winning trades. Learn to recognize them.
Watch your angles - 12-2, 4-6

BigE seemed to look only at the angle of the green. Upon examining old chart's and live chart I have realized that the red angle is just as imported then the green angle. Yellow was not used either by BigE. To some extend yellow can be used to filter bad cross's and also yellow can prevent catching a big trend early. Yellow has basically no influence on the decision to buy or sell. Maybe it is way BigE removed it from TMS. Now putting all that info on to a chart to visualize what is meant. Below is a GBPUSD H4 chart of cross's for month October 2016. The crystal ball can not display the last week of October yet. (working on that little problem)
Meaning of
Conflict: Red and Green is not pointing in same direction.
Normal this will cause a drawdown.
Either green has to pull red up or drag red down. (technical term will be "overcome resistance / momentum" in the change of trend direction)
If green is at angle 2 and red is at a angle of 3, 4, 5, 6 green has to have a lot of muscle power to pull red up.
If green is at angle 1 or close to 12 it can convince flat red "come with me, I want to go up". This convincing might take a few bars or minutes.
Possible: red green flat / bending, angle not clearly showing, to early, unsure. I would walk away.
Below: Not flat - just not right
Level: Can be any level - 62, 50, 32. Bad is if you what to place a sell at 32 or buy at 62
Wait: It can mean wait or take "basic forex stuff" into consideration before placing an order. Remember you can place an order on bar 1 / 2 after the cross.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroH4.png Size: 73 KB

For those of you that will think this analyzing was done with hindsight. Do what I do. Use that checklist from a few posts back. Choose a cross and blank the new info out and do your chart analyzing, check all the "basic forex stuff". BigE has put 6000 hours into TMS. How much have you put in?
Enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: Analzinging.png Size: 97 KB
  • #72,509
  • Oct 22, 2016 6:03am Oct 22, 2016 6:03am
Quoting Tekkies
{quote} Alex. Can not tell what to use can only advice. How do you read a chart like that?. Look at TDI you can not see what is happening there. The same with main chart. You do not need all those indicators. You are &quot;overloading&quot; the input that the brain needs to analyzes, Give it simply information. One indicator is telling you to &quot;ONLY TRADE BUYS&quot;. Does that indicator also tell you that you are very near 62, Stoch is at overbought, candles have small bodys, shadow, the trend is having a hard time to move up...
Thanks Teekies for your comments and your advice!!!!!!!!
  • #72,510
  • Oct 22, 2016 9:04am Oct 22, 2016 9:04am
Trade it during the first 1-3hrs of any session on the 1hr chart and 4hr chart during the London open. Study old charts on winning trades. Learn to recognize them. Watch your angles - 12-2, 4-6 BigE seemed to look only at the angle of the green. Upon examining old chart's and live chart I have realized that the red angle is just as imported then the green angle. Yellow was not used either by BigE. To some extend yellow can be used to filter bad cross's and also yellow can prevent catching a big trend early. Yellow has basically no influence on the decision to buy or sell. Maybe it is way BigE removed it from TMS. Now putting all that info on to a chart to visualize what is meant. Below is a GBPUSD H4 chart of cross's for month October 2016.

Tekkies, I am getting rather confused. Previously you mentioned in the TDI Cross.pdf file that the Yellow is used to tell the Trend. But the above says otherwise if I interpret it correctly.

Green - Sentiment (I like to call it Momentum)
Red - Signal
Yellow - Trend
  • #72,511
  • Oct 22, 2016 9:14am Oct 22, 2016 9:14am
Quoting Fbps
Previously you mentioned in the TDI Cross.pdf file that the Yellow is used to tell the Trend.
I did not wrote that pdf. That pdf comes from a other TMS / TDI forum that use yellow. It is al over FF.
Dean use it for trend direction.
BigE has removed it completely. Irrespective of what other members say, you have to compare what they say is in line with what BigE is saying. If it is not throw it in the dust bin
#51
Dean Malone @ www.compasfx.com trades a similar method but it's very conservative... too slow
for me and I had to pass on a lot of pips using his rules and he trades 15 min charts which I don't
like...
If you want the Original TDI Indicator and HA candle indicator (Average Price Bars) go to the site
above. They are free downloads. You can remove what you want...
Dean invented the TDI... and I removed all the extra lines to make it easy to look at and trade...
same thing with his Synergy charts... I kept eliminating all the extras until we got down to what I
trade now... no fluff. His charts and TDI are too busy for me... I like simplicity... He doesn't use
the TDI the same way I do either...
  • #72,512
  • Oct 22, 2016 9:51am Oct 22, 2016 9:51am
Quoting Tekkies
{quote} I did not wrote that pdf. That pdf comes from a other TMS / TDI forum that use yellow. It is al over FF. Dean use it for trend direction. BigE has removed it completely. Irrespective of what other members say, you have to compare what they say is in line with what BigE is saying. If it is not throw it in the dust bin #51 Dean Malone @ www.compasfx.com trades a similar method but it's very conservative... too slow for me and I had to pass on a lot of pips using his rules and he trades 15 min charts which...
Thanks Tekkies...will leave the yellow line and be conservative for now.
  • #72,513
  • Oct 22, 2016 8:54pm Oct 22, 2016 8:54pm
Quoting Fbps
{quote} Thanks Tekkies...will leave the yellow line and be conservative for now.
what Big E said:

feel free to use the yellow line if that give you more confidence...
http://www.forexfactory.com/showthre...ow#post4666649

and

don't be afraid to trade the Daily chart, ...
http://www.forexfactory.com/showthre...id#post4666980

if you follow these, I am sure your trading will improve and you will increase your chances to become profitable sooner than many other traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,514
  • Oct 23, 2016 5:26am Oct 23, 2016 5:26am
Quoting emmanuel7788
{quote} what Big E said: feel free to use the yellow line if that give you more confidence... http://www.forexfactory.com/showthre...ow#post4666649 and don't be afraid to trade the Daily chart, ... http://www.forexfactory.com/showthre...id#post4666980 if you follow these, I am sure your trading will improve and you will increase your chances to become profitable sooner than many other traders.
Thanks Emm, will consider Daily chart too and try and try and try!
  • #72,515
  • Oct 23, 2016 5:53am Oct 23, 2016 5:53am
Quoting Fbps
{quote} Thanks Emm, will consider Daily chart too and try and try and try!
Hi Fbps
Look like you are floundering. What is bemiddeling you?
  • #72,516
  • Oct 23, 2016 6:05am Oct 23, 2016 6:05am
Quoting Fbps
{quote} Thanks Emm, will consider Daily chart too and try and try and try!

Hi,

Stop trading H1 and below. It will not help you gain confidence in this 5-Method at this early stage.
Stick to H4 and D1 timeframes. You can trade H4 like what Big E described in Post#1 and that requires strict discipline to check your charts every 4 hours.
Use %Risk and Position Sizing and do not follow Big E' risking of 15% to 30% per trade. Learn to grow you account slowly with smaller trades and lot sizes.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,517
  • Oct 23, 2016 6:17am Oct 23, 2016 6:17am
Quoting catalin_eros
{quote} Yup, and I took it at FO, so European session. I wish to ask two questions, Emm. One is TOK_5H related, and the other is ME/ME related. So here we go: 1. If you look at my TOK_5H trade on Friday, you'll see that I took it because TDI was bullish, the HTF was also confirming the bullish movement, and I entered on the breakout of the upper line of the channel. The think is that the break occurred many candles after the cross, so not as per Big E's rules entry on the first candles. Was that a valid setup for TOK_5H or I should have...

About TOK_5H trading:
using the Tokyo first 5 hours is to look at the narrow range trading when the market liquidity is low during the Asian market sessions.
Point is we do not trade when market is in consolidation or narrow range, hence we trade the breakout in H1 but have a view to the H4 and also the D1.

If you study carefully the H1 candles, the Tokyo 5th hour is the 8th candle of the new day from the Sydney open hour and that is actually is the 3rd H4 candle of the new day. In the case of your AUDCAD trade, that H1 may be the 9th APB candle, but the H4 is the open of the 3rd APB and the TDI Green is above the Red and the TDI cross is above the Yellow.

See these 2 posts on TOK_5H;
http://www.forexfactory.com/showthre...59#post6601459
http://www.forexfactory.com/showthre...82#post7385582

Also I posted many examples of TOK-5H trades which is to help TMS traders trades during the day for those trading intraday on H1 timeframes.

Just use the forum keyword search like below:

Attached Image (click to enlarge)
Click to Enlarge Name: FF forum search TOK_5H.png Size: 68 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,518
  • Oct 23, 2016 6:57am Oct 23, 2016 6:57am
Quoting catalin_eros
{quote} ... 2. I asked this question in a PM, and you asked me to post it here: When we enter with ME/ME based on the W1 APB/bar, but then the market keeps retracing and we get an invalidation on D1 chart, do we exit? My logic tells me to stay in, since the entry was not based on D1. After all, that's what we do with H4/D1 trades, so D1/W1 should be treated the same, in my view. I am looking forward to a straight forward answer from you. As always, thanks in advance, Emm! And have a wonderful weekend! P.S.: I will like to know more about your average...
Trade Invalidation

I have one simple rule i.e. when I trade a particular TF, I will manage in that same TF. Therefore if the setup was in Weekly charts TF, the trade invalidation is when that same trade setup got invalidated by an opposing setup.

See EURAUD example below:

Attached Image (click to enlarge)
Click to Enlarge Name: TMS 5-Method trade invalidation.png Size: 72 KB


Next week 43, Oct 24 to 28, I will trade continuation of the Weekly 'trend' using the 5EMA as the direction. When Sydney opens in few hours time, I will continue with sell trades. My new stop loss will the high of the previous 2 weeks, i.e. the high of Week 41 Oct 10-14. We need to watch carefully the D1 chart as the TDI had went out of the VB and re-enters the VB with a big candle. Market may go sideways before the next big move and we must be careful with our sell trades. Whenever possible we try to breakeven some open trades to minimize the floating losses/drawdown.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,519
  • Edited 9:25am Oct 23, 2016 8:50am | Edited 9:25am
Quoting catalin_eros
{quote} Hey there, Grif! I am a mere shadow compared to you. I know it's one of Davit's favorite pairs, I did not know you are into it, as well. It was a FO trade, using Emm's TOK_5H channel. I am not sure if I used the method correctly, but it worked out. Before FO, I am sleeping like a baby, so I could not have taken it earlier. Besides, the breakout happen at FO, not earlier. Keep up the good work!
Davit got me on2 the slower pairs ....... my trading kick'd up a gear from all i learned from him ......... have u tried Phx62's FO/LO breakout?

Quoting catalin_eros
{quote} One question, Grif: you said you are using Big E's indi. How do you find the non-refreshing issue with the original TDI? Do you refresh the charts at some intervals? The question is for H4 swing trades, not for scalping.
first - if u c a cross then it 'repaints' u r not doing TMS Big E ..... the charts r easily refreshed

Quote
.....we have the "repainting" versions. If you want to trade like Eelfranz did, with his entry and exit you need to use one of the repainting versions. Thats because they only update at the candle close. If you try to trade like eelfranz and you can see the tdi moving with the latest candle it will confuse you, it will go flat, move up and move down so you will be thinking all the time should I come out. If you have the discipline just to check at the close of the timeframe you're working on, then by all means use the live version, Lastingwell
  • #72,520
  • Oct 23, 2016 9:23am Oct 23, 2016 9:23am
Quoting TheScorpS
{quote} Those are as simple as it gets, the simpler the better, Div, waiting APB to show strength, BigE or Phx62 bounces , doing that over and over leads to perfection in trading , thanks for taking the time to post here
hey TSS - thats the key buddy - the combo of simple & over and over
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