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Trading Made Simple

  • #72,841
  • Oct 31, 2016 12:59am Oct 31, 2016 12:59am
Quoting emmanuel7788
AUDCAD H3 Oct 31. If you simply enter a trade on TDI cross and looking at a setup candle which closes above or below the 5EMA, you will lose more than you will win. Does anyone know why Big E would not trade this setup (assuming he traded this pair)? {image}
Red not 12 / 2
Green / Red not same direction
Going into / heading for support
Long wick top - losein up momentum
  • #72,842
  • Oct 31, 2016 1:14am Oct 31, 2016 1:14am
Quoting emmanuel7788
{quote} is that the last H4 candle of the week before NY closing?
Yes Emm.
I wanted to see if / what happens with the so called "gap" over weekends.
  • #72,843
  • Oct 31, 2016 1:37am Oct 31, 2016 1:37am
Quoting Tekkies
{quote} Red not 12 / 2 Green / Red not same direction Going into / heading for support Long wick top - losein up momentum
about that "long wick up" you said it losing momentum right? if that was a japanesse bul candle im agree with you.. but long wick on top bullish HA means strong up trend right? please cmiiw..
  • #72,844
  • Oct 31, 2016 1:43am Oct 31, 2016 1:43am
Quoting emmanuel7788
{quote} you don't need any indicators - not the TDI and not the Stochastics when you trade the simple 5-Method, why? read these 2 Big E's posts: http://www.forexfactory.com/showthre...96#post4327996 The candle body must cross the ema and close to be a set up candle. When the next candle opens and is the same color... enter the trade. Remember that HA candles average 3-8 candles per swing . http://www.forexfactory.com/showthre...17#post4328017 Honestly on the 5 method you don't really need any indicators...
Emm that will be like:
5 PIPS - Only Five - http://www.forexfactory.com/showthread.php?t=510468
Magic 5 - five pips only - http://www.forexfactory.com/showthread.php?t=515295
When 5 PIPS died it moved to Magic 5.
Tried 5 EMA, the power of 10 EMA, holy grail 20 / 50 EMA.
None worked.

Both those posts are from Craig Harris Stochastics Method forum and not part of TMS.
No where did BigE mentioned 5EMA in TMS in the same manner.
If they were profitable then BigE would have / could / should mention it in TMS. He did not.
He does refer to 5EMA in a sort of "offhand" way in TMS because members asked about it.
Some examples:
#261
5 ema... shows direction currently... only wanting to enter on candle 1 or two
#307
I don't worry about PA crossing the 5 ema. I totally depend on the TDI for my entry signals...
  • #72,845
  • Oct 31, 2016 1:48am Oct 31, 2016 1:48am
is this a valid setup?
i enter on H1 a bit late.. (few pips), H4 red candle still above 5ema. right now on M30 HA is already green and crossed up..
if the H1 HA candle turns green is that a signal for me to close my position?
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  • #72,846
  • Oct 31, 2016 2:06am Oct 31, 2016 2:06am
Quoting Zuiko
{quote} about that "long wick up" you said it losing momentum right? if that was a japanese bul candle im agree with you.. but long wick on top bullish HA means strong up trend right? please cmiiw..
Why do you have a wick?
a wick or shadow is where the market has been in the time while the bar is open or was open before closing. So a long wick like that showed to me where the market could have been. momentum can be up or down. In that bar it is up and come down
  • #72,847
  • Edited 3:04am Oct 31, 2016 2:31am | Edited 3:04am
Quoting Zuiko
if the H1 HA candle turns green is that a signal for me to close my position? {image}
Have you ever read post
#6
Entries and exits...
We Enter a trade when green crosses red on the TDI at the beginning of that candle... If
it's candle 3 or more don't enter... find another trade set up. The only exception is if green
bounces off red and continues... it's ok to re-enter on the bounce...
Exit your trade when the green TDI line goes flat, starts to hook over or makes a check
mark reversal.
#123
Exits...
Looking at your TDI... if you see:
1. TDI go flat
2. TDI start to hook over
3. TDI do a check mark reversal
  • #72,848
  • Oct 31, 2016 2:32am Oct 31, 2016 2:32am
Quoting Tekkies
{quote} Emm that will be like: 5 PIPS - Only Five - http://www.forexfactory.com/showthread.php?t=510468 Magic 5 - five pips only - http://www.forexfactory.com/showthread.php?t=515295 When 5 PIPS died it moved to Magic 5. Tried 5 EMA, the power of 10 EMA, holy grail 20 / 50 EMA. None worked. Both those posts are from Craig Harris Stochastics Method forum and not part of TMS. No where did BigE mentioned 5EMA in TMS in the same manner. If they were profitable then BigE would have / could / should mention it in TMS. He did not....

Tekkies,

please tell me what is TMS?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,849
  • Oct 31, 2016 2:44am Oct 31, 2016 2:44am
Quoting Zuiko
is this a valid setup? i enter on H1 a bit late.. (few pips), H4 red candle still above 5ema. right now on M30 HA is already green and crossed up.. if the H1 HA candle turns green is that a signal for me to close my position? {image}
Hi Zuiko,

Looking at your H4 chart, its is sideways narrow range and looking at the previous candle, it is more to the upside.
D1 charts is clearly bullish with the PA above its 5EMA and that BRN 1.3400.

If you trade that H1 chart, you are one candle late and also you do not have H4 and D1 in your favour.

When you want to trade H1 and any time frame below, you should know that Price Action is king ( by X-man) . But when you want to trade H4 5-Method like Big E, then he said the TDI is king.

X-Man' thread (H1 and H4 trading with the 5-Method) :
http://www.forexfactory.com/showthread.php?t=327972

Loveevery1' thread (M15 trading with the 5-Method) :
http://www.forexfactory.com/showthread.php?t=345586

If you want to learn the 5-Method by eelfranz, you should start reading the Craig Harris Stochastic thread where the 5-Method started:

Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,
After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,850
  • Oct 31, 2016 2:50am Oct 31, 2016 2:50am
Quoting emmanuel7788
{quote} Hi Zuiko, Looking at your H4 chart, its is sideways narrow range and looking at the previous candle, it is more to the upside. D1 charts is clearly bullish with the PA above its 5EMA and that BRN 1.3400. If you trade that H1 chart, you are one candle late and also you do not have H4 and D1 in your favour. When you want to trade H1 and any time frame below, you should know that Price Action is king ( by X-man) . But when you want to trade H4 5-Method like Big E, then he said the TDI is king. X-Man' thread (H1 and H4 trading with the 5-Method)...
thankss Emm..
i will start posting chart here to learn more, because sometimes when i feel "right" acually i was wrong.
  • #72,851
  • Oct 31, 2016 2:51am Oct 31, 2016 2:51am
Quoting Tekkies
{quote} Have you every read post #6 Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. #123 Exits... Looking at your TDI... if you see: 1. TDI go flat 2. TDI start to hook over 3. TDI do a check mark reversal

This true only when you use the TDI Red Green in Post#25 and you trade exactly like what Big E did according to Post#1.

But when traders use other versions of the TDI and different settings, these TDI exit conditions are not exactly true in live market conditions.

BTW, yesterday we DayLight Saving Time changover in Europe and the UK.
And this coming weekend is the same DST change in the US.
Some broker do adjust the server time with DST.
How will these affect the way you trade following Post#1?
Do you need to make any adjustment to when you look for trades and when you close your trades like Big E did?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,852
  • Oct 31, 2016 3:00am Oct 31, 2016 3:00am
EA H4 if next 1 hour the red candle closed bellow ema we take short right? im asking this because D1 trend was down, but it has 3 bull candles and already crossed the ema.
how much room do i have when i take short? as far as i see, there is a support around 1.4320.
please give some light

thanks
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  • #72,853
  • Oct 31, 2016 3:01am Oct 31, 2016 3:01am
Quoting emmanuel7788
{quote} Tekkies, please tell me what is TMS?
debate!!!!!!!!!!!!!!!!!
Love it. Let's keep it clean Emm
Rules: We are only allowed to use BigE blue posts in this forum,
Long version or short version?
Are you asking me because you do not know or to see if I know?
Do you prefer refrence to posts detailing TMS or copy and past?

Bare bones short version: post #1: The key to this method is the Traders Dynamic Index indicator for entries and exits.
Long version will be all the posts that BigE have posted
  • #72,854
  • Oct 31, 2016 3:02am Oct 31, 2016 3:02am
Good morning all, here's all I could find so far today on first look...
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All for one and one for all
  • #72,855
  • Oct 31, 2016 3:07am Oct 31, 2016 3:07am
Quoting Zuiko
EA H4 if next 1 hour the red candle closed bellow ema we take short right? im asking this because D1 trend was down, but it has 3 bull candles and already crossed the ema. how much room do i have when i take short? as far as i see, there is a support around 1.4320. please give some light thanks {image}

If you use learn from Big E, he would have entered when the last red APB HA closed. That is PA at previous resistance.
He mentioned this type of trade 5-Method trades in the Craig Harris Stochastic thread where he would enter immediately when the first APB change colour and after he check the PA and support and resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,856
  • Oct 31, 2016 3:08am Oct 31, 2016 3:08am
Quoting Tekkies
{quote} debate!!!!!!!!!!!!!!!!! Love it. Let's keep it clean Emm Rules: We are only allowed to use BigE blue posts in this forum, Long version or short version? Are you asking me because you do not know or to see if I know? Do you prefer refrence to posts detailing TMS or copy and past? Bare bones short version: post #1: The key to this method is the Traders Dynamic Index indicator for entries and exits. Long version will be all the posts that BigE have posted
If the TDI tells you to jump of a cliff, will you do it?
It's in fear when people show what they truly value.
  • #72,857
  • Oct 31, 2016 3:11am Oct 31, 2016 3:11am
Quoting cvgreen46
Good morning all, here's all I could find so far today on first look... {image}

That is very good entry level ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,858
  • Oct 31, 2016 3:16am Oct 31, 2016 3:16am
Quoting Tekkies
{quote} Red not 12 / 2 Green / Red not same direction Going into / heading for support Long wick top - losein up momentum

Answer:
Big E did not trade NY Sunday candles.

http://www.forexfactory.com/showthre...78#post4604878
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,859
  • Oct 31, 2016 3:23am Oct 31, 2016 3:23am
Quoting cvgreen46
Good morning all, here's all I could find so far today on first look... {image}
it looks like we had different 5 ema here? 5 ema tipical shift 3 right?
  • #72,860
  • Oct 31, 2016 3:26am Oct 31, 2016 3:26am
Quoting ensale
{quote} If the TDI tells you to jump of a cliff, will you do it?
Well let me see.
Got a very good sound system in my computer and is always enable so that I can hear alerts. Never have I heard that TDI can talk or that it is capable to talk to humans.

And yes I do jump of cliffs when TDI indicates so on the chart. I normal do that when TDI cross is above level 50 going down. Stoch is above 50 going down. You know the basic forex's stuff.

You did not mention it but I do climb mountains as well when TDI tells me too. Normal I start climbing when TDI cross below 50 going up and stoch is.................. you know the basic forex's stuff
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