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Trading Made Simple

  • #74,521
  • Jan 6, 2017 3:43pm Jan 6, 2017 3:43pm
Quoting JanCeulemans
{quote} Hi Roni, Like you, I trade the 4H charts. In an ideal world I would take bullish trades on a green/red crossover where the lines are above the 50 level but not at the 68 level. if then there would be a siginificant crossover meaning that the green line is clearly visbable above the red one and if the current HA candle is Bullish I would enter that trade not waiting for that candle to close. Same goes for bearish trades. Cross should happen below the 50 level but not at the 32 level yet, HA candle should have bearish color. If the lines are...
Hi Jan,

I understand in an ideal world taking a long trade when the TDi cross is over the yellow line and taking a short trade when the tdi crosses below the yellow line has higher success rates. Making sure PA and Stoch agree with the tdi also.

But Big E did not advocate this from my understanding? he traded all trades whether or not the tdi crossed above yellow or below 50 mark for bearish as long as the angle was good.

Now for my first chat the cross occured several candles back, this is truw, however I took the bounce trade. The cross from several candles ago was closed out as the tdi closed flat on the next candle. Do you see this?

I have studied Big E's pdf and do not know how to enter at the cross without waiting for the close of the cross candle to be confirmed..
  • #74,522
  • Jan 6, 2017 3:59pm Jan 6, 2017 3:59pm
Quoting Roni26
{quote}I have studied Big E's pdf and do not know how to enter at the cross without waiting for the close of the cross candle to be confirmed..
Hi Roni,

Well, next trading week I will focus more on this specific item. I will keep you informed about my findings.
Tekkies als replied some posts back and shared some insights comming directly from BigE. I believe you will find the answer there also.

As for me, weekend is time to study, so I will go over BigE's PDF's again.

You know it is always a good idea to go back to the 'books'. By origin I am a musician and I build a portfolio with musical peaces I performed at concerts. It is a human thing that when we get used to something, be it something we do or know our mind starts to add and remove or alter things from the original. As a musician I knew that I always had to go back to the musical scores to check myself and reherse again so I would not start to play other notes than the composer actualy composed.

In trading it is quite the same. We have this system, we have the PDF's and posts of BigE and it is always good to go back to study the theory if you see what I mean...
I myself always find a new aspect when I read those PDF's again.
First comes knowledge about yourself, then comes a system...
  • #74,523
  • Edited 4:57pm Jan 6, 2017 4:46pm | Edited 4:57pm
Quoting Sanbernardin
{quote}Not only: sometimes can happen that there is a crossing in the first candle and the beginning of the second candle shows a flat pattern (=exit signal), while then the green line acquires again a positive angle (12 am; 2 al etc). In this case you need to exit and then enter again? So, everytime you see an exit signal, in any moment of the candle, must you exit?
You not suppose to ask difficult questions.

That is how trading is. Everything is according to the book and as soon as the trade is entered everything goes haywire.
You see inside your computer is a little man. This little man watch over your trades. As soon as you enter a trade this little man send a email to his buddy's the big boy's to enter a counter trade. That is when........... you know the rest.

Sanber what you describe is an fact and difficult to answer.

This to me means that, as soon as it happens that "green crosses red", at the opening of a candle, then you must enter the trade.
Yes and No
Enter on that candle and when green is visible on the other side of red and rules are in place.

But what you need to do if the crossing happens after 1/2, 3/4, 2 or 3 hours of a 4h candle?
The same as above: Enter on that candle and when green is visible on the other side of red

Is it so frequent that the crossing does happen at the beginning of a new candle?
No

a crossing in the first candle and the beginning of the second candle shows a flat pattern (=exit signal)
while then the green line acquires again a positive angle (12 am; 2 al etc).
In this case you need to exit and then enter again?
So, every time you see an exit signal, in any moment of the candle, must you exit?

?????????????
Green running below red in the same direction as red.?
Seen it happen a few times. Wait for green to cross back

Bounce trade?
Enter again

Aggressive trader will do the following might stay in and get a few pips or lose a few pips
Look at forex basic as if you are entering a trade
where are the green and red on chart - close to 69 or 32.
what is stoch doing
where is support and resistance
angle 12/2 4/6

BigE did not wait. He closed the order and find a other set up
#1740
after looking at the training charts again, I see that if the first candle doesn't cross the tdi then stay out?
Yes. Usually when the second candle opens you'll see it on the TDI. If green crosses red and all looks good... enter the trade then.
Yes - enter on the first two candles... otherwise pass...
If it's a good trade 90% of the time you get it on the first two candles. A few candles later you may see a bounce entry...
If you don't find a solid entry on candles 1 or 2... look for another set up.
  • #74,524
  • Jan 6, 2017 10:43pm Jan 6, 2017 10:43pm
Took AUD/USD, comments?
Attached Image (click to enlarge)
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  • #74,525
  • Jan 6, 2017 11:35pm Jan 6, 2017 11:35pm
Hi guys,

Can someone tell me where to find the latest TDI indicator or are they all the same?

Kind regards,
Amar
  • #74,526
  • Jan 7, 2017 12:25am Jan 7, 2017 12:25am
Hi guys,

So i have attached an image example from Big E's pdf below and need some clarification.

The red vertical lines on the chart show entry points from what I see.. So do we enter at the open of these candles or the close?

Because surely at the open of these candles the cross has not yet formed? So are would these be entry candles or would the next candles be entry point?

Thanks in advance guys,
Roni
Attached Image (click to enlarge)
Click to Enlarge Name: entry points.png Size: 94 KB
  • #74,527
  • Jan 7, 2017 2:09am Jan 7, 2017 2:09am
Quoting Roni26
Hi guys, Can someone tell me where to find the latest TDI indicator or are they all the same? Kind regards, Amar
Hi Roni26,

If you look back at my posts #74,251 and #74,252 you will see the indicators I use and what the chart looks like. They work well for me.

If you have any questions about the indicators please ask.

Cheers.
All for one and one for all
  • #74,528
  • Jan 7, 2017 2:26am Jan 7, 2017 2:26am
Quoting Roni26
Hi guys, So i have attached an image example from Big E's pdf below and need some clarification. The red vertical lines on the chart show entry points from what I see.. So do we enter at the open of these candles or the close? Because surely at the open of these candles the cross has not yet formed? So are would these be entry candles or would the next candles be entry point? Thanks in advance guys, Roni {image}
by looking at the price action of the APB candles and the slope of the TDI green line, I would enter on the active candle where there red line is.

remember that Big E used the TDI Red Green version which paints when the last bar closed. That chart which he posted was refreshed hence it shows exactly what the TDI_RT realtime shows in all history charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,529
  • Jan 7, 2017 2:29am Jan 7, 2017 2:29am
Quoting Rub
Took AUD/USD, comments? {image}

can you use the script posted link below to show which candle your entry was.

Script
Show OpenOrders script : Post#29,533
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,530
  • Jan 7, 2017 2:58am Jan 7, 2017 2:58am
Quoting Roni26
Hi guys, So i have attached an image example from Big E's pdf below and need some clarification. The red vertical lines on the chart show entry points from what I see.. So do we enter at the open of these candles or the close? Because surely at the open of these candles the cross has not yet formed? So are would these be entry candles or would the next candles be entry point? Thanks in advance guys, Roni {image}
Hi again,

The question of when exactly to enter the trade once a cross has taken place is not always simple which is why it is probably the most commonly asked question in this thread. We know the rule is enter on the 1st or 2nd bar (APB#1 or APB#2) after the cross, but when exactly. Should I wait for APB#1 to close or even wait for APB#2 to close before I enter. Well, in my opinion, your point of entry will be determined by two factors.

1. Your trading style ... aggressive or passive .... I am not going to comment on set-up candles etc., as it will confuse the answer, so, to put it simply, the earlier you enter the trade the greater the risk because you are making an assumption that the price action (PA) will continue. For example, the price moves, it creates a cross and you enter the trade. But, before the bar (APB#1) closes, the price retraces and the cross does not occur or the angle of the green line is less steep (not 12-2 or 4-6). If, however, you wait until APB#1 is closed there will be no doubt about what has happened, how the chart looks and what it is telling you.

2. The price action at the time ... for example, you are one hour into a H4 bar and the price move has created a cross. If the cross is strong (the green is significantly above or below the red), the angle is steep (say 1 o'clock or 5 o'clock), the body of APB/HA is large compared to previous bars, there are no major support/resistance areas close by, what do other time frames look like, etc., then you may wish to take on the trade because the probability of price continuation is good (momentum).

In conclusion (while trying to keep this explanation simple), it boils down to your personal risk:reward (trading style) and the experience you have gained using the TMS system. Myself, the way I trade the TMS is different today to how it was when I first started and it will not surprise you to know that with time my profitability has improved. Remember, Big E said that after a 'good' cross, on average, the PA can continue for 3 to 8 bars (by the way that includes APB#1 and APB#2). So with those statistics there will always be pips to be made and that depends on your exit strategy which is another story all together.

This is Trading Made Simple and I hope I have helped you to better understand your entry method using this approach but as always, it is the detail that matters ... with patience, perseverance and time, it will become natural.

Please do not hesitate to PM me if you want more input, I'm very happy to help.

Chris
All for one and one for all
  • #74,531
  • Jan 7, 2017 4:08am Jan 7, 2017 4:08am
Quoting cvgreen46
{quote} Hi again, The question of when exactly to enter the trade once a cross has taken place is not always simple which is why it is probably the most commonly asked question in this thread. We know the rule is enter on the 1st or 2nd bar (APB#1 or APB#2) after the cross, but when exactly. Should I wait for APB#1 to close or even wait for APB#2 to close before I enter. Well, in my opinion, your point of entry will be


determined by two factors. 1. Your trading style ... aggressive or passive .... I am not going to comment on set-up candles...
Thanks a lot. To me your answer really clarify the matter:
Basically, once a cross happens, statistically the earlier you enter the most profit you have but also the more risk you have. You need to able to balance this two factor, considering two check lists:
one specific of the TMS strategy (signal and momentum: TDI green line angle, size and shape of the bar) and the other concerning "basic trading" (support/resistance,congestion, short/long term trend, red news). It's up to you then have a more conservative style - for ex. entering when the bar is closed - or aggressive - for ex. entering when the bar is still running.

The only thing which could give some more evidence of the profitability of one method/style compared to the other would be a retrospective analysis of the charts but it should be utilised an application which recreates the condition of the live trading, in order to enable to watch the fluctuations of the green line during the whole time of a bar.
  • #74,532
  • Jan 7, 2017 4:16am Jan 7, 2017 4:16am
Quoting Sanbernardin
{quote} Thanks a lot. To me your answer really clarify the matter: Basically, once a cross happens, statistically the earlier you enter the most profit you have but also the more risk you have. You need to able to balance this two factor, considering two check lists: one specific of the TMS strategy (signal and momentum: TDI green line angle, size and shape of the bar) and the other concerning "basic trading" (support/resistance,congestion, short/long term trend, red news). It's up to you then have a more conservative style - for ex. entering when...
There are many variables: for example, if I understand rightly, BigE used a more aggressive style for entering (don't waiting for the bar to close) but a more conservative style with Stop Loss (exiting the trade after 15 pips loss).
  • #74,533
  • Jan 7, 2017 4:35am Jan 7, 2017 4:35am
Quoting Tekkies
{quote} You not suppose to ask difficult questions. That is how trading is. Everything is according to the book and as soon as the trade is entered everything goes haywire. You see inside your computer is a little man. This little man watch over your trades. As soon as you enter a trade this little man send a email to his buddy's the big boy's to enter a counter trade. That is when........... you know the rest. Sanber what youdescribe is an fact and difficult to answer. This to me means that, as soon as it happens that "green crosses red", at the...
Thanks a lot for your advice.
I am also interested to understand better the question of the little man inside the computer and of the big buddies, even if I think it is only marginally related to this thread. We need to be fully aware of these things once we have clarified that they have a big impact on our trading.
  • #74,534
  • Edited 12:20pm Jan 7, 2017 5:45am | Edited 12:20pm
Quoting Sanbernardin
{quote}understand better the question of the little man inside the computer and of the big buddies, even if I think it is only marginally related to this thread. We need to be fully aware of these things once we have clarified that they have a big impact on our trading.
Ever had the feeling that the market knows explicitly what you are doing?
Ever asked the question how did he (price action) knew my next move.

Here are a few links to little man and the big boys
http://www.forexfactory.com/showthread.php?t=23495
http://www.forexfactory.com/showthread.php?t=5289
http://www.forexfactory.com/showthread.php?t=23498
  • #74,535
  • Jan 7, 2017 6:12am Jan 7, 2017 6:12am
Hello guys, i'd like to try this system/trading style... please, can you update the latest version? I'll would be grateful. Thank you very much!
  • #74,536
  • Jan 7, 2017 9:14am Jan 7, 2017 9:14am
does anyone know a changing color MA indicator, that gives an alert when the color is changing?
  • #74,537
  • Jan 7, 2017 9:55am Jan 7, 2017 9:55am
"The little I know of TMS I get usually half of it wrong" =
da n0o0b + $hit_Disturber
  • #74,538
  • Jan 7, 2017 10:10am Jan 7, 2017 10:10am
[quote=cvgreen46;9413438]{quote} Hi again, The question of when exactly to enter the trade once a cross has taken place is not always simple

Hi cvgreen, I see you are in the UK so wondering what would be the best way to use the system if you also work. Im thinking to get up at 6 and check for set-ups then place trades and check for maybe 30mins if it looks good. Then turn the platform off and get ready for the day and check for progress at say 8am UK open and maybe even open other trades and close others. Then go to work starting at 9/10am and check again at lunchtime then again after work. Im not sure that would help my work stress.

Do you work and fit trading in also?

Happy if you prefer to PM on this.
  • #74,539
  • Jan 7, 2017 11:47am Jan 7, 2017 11:47am
Quoting Joseph95
Hello guys, i'd like to try this system/trading style... please, can you update the latest version? I'll would be grateful. Thank you very much!
If I may suggest, if you use the basic outlines as presented by Eelfranz himself then you would just be fine.

You see, many people have made adjustments to their personal preferences but Eelfranz himself allways adviced to stick to the original setup and trading system.

So, officialy there is never an updated version but many personalized versions.

If you go to page 2 Post 25 you will find everything you need.
Of course, this is just me. I myself have only found this thread last October/November and for me it was a real game changer for as long I stick to the original concepts.
First comes knowledge about yourself, then comes a system...
  • #74,540
  • Jan 7, 2017 12:32pm Jan 7, 2017 12:32pm
Quoting Emerald2112
Quoting cvgreen46
{quote} Hi again, The question of when exactly to enter the trade once a cross has taken place is not always simple Hi cvgreen, I see you are in the UK so wondering what would be the best way to use the system if you also work. Im thinking to get up at 6 and check for set-ups then place trades and check for maybe 30mins if it looks good. Then turn the platform off and get ready for the day and check for progress at say8am UK open and maybe even open other trades and close others. Then go to work starting at 9/10am and check
...
I live in Italy and I have the same problem (working and trading). 10 pm here is 1 pm Pacific Time. I wonder if anyone has any advise regarding opening 4h trades at this time.
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