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Trading Made Simple

  • #75,201
  • Edited 9:02pm Jan 28, 2017 12:12pm | Edited 9:02pm
Quoting ensale
How many trade PA with TDI ? Who can say they really studied properly PA .. 2017-01-28_12-10_About Thomas N. Bulkowski.jpg;2160684 Until they become so comfortable with Just PA that they let go of TDI and focus on just that so that they could get even better... {image}
It depends upon what you mean by properly studying PA. For the purposes of this thread the TDI gives the trader a chance to enter to the market that is attempting to trend or trending already. That's the value of it in my humble opinion.
If you are good at something, never do it for free--Joker
  • #75,202
  • Jan 28, 2017 1:07pm Jan 28, 2017 1:07pm
Quoting emmanuel7788
{quote} {quote} BEFORE EURUSD Jan 27 H4 before.png;2160509 AFTER EURUSD Jan 27 H4 after.png;2160510 Do you simply accept that there will be losses in trading? or Do you want to learn how to trade the 5-Method by picking only the A+++ setup so that you will have fewer losses and your win rate will improve? Too much time is being spent on TDI and Stochastics, Too little time time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run. You need to find your...
Hi Emmanuel,

Thanks again for including charts. I am visual learner and just picked up on the bar chart overlay HA candles that I did not have set on my charts. I'm still in demo practicing TMS...slowly getting better and agree that finding "Your"/"My" winning edge is the equation. I have past experience/training in reading Japanese Candles and many indicators and do realize the TDI/Stoch's are not the only focus, as well the transition to HA candles has been a bit challenging to this point. I do feel I am adapting well at this point and will improve.

With regards to your example charts in this post was this a low or high Probability trade in your opinion?
Based on my limited time studying TMS I see it this way:
TDI & Stoch agree direction up (Buy)
Price Action not crossed 5 Ema on 4Hr...check 1Hr for entry? confirm close above 5 Ema..yup
SL below previous 4 Hr candle.
looking back 4 red candles on 4 Hr...looks like "mother" candle to me and use top/bottom as S/R ...use top as target or just below top?
If I entered at aprox 1.06750-800 on 1Hr and let it ride with a set TP of 30-40 Pips? winner winner chicken dinner.LOL.
Am I on track?

Thanks your feed back is appreciated.
  • #75,203
  • Jan 28, 2017 5:10pm Jan 28, 2017 5:10pm
Quoting Tortilla
{quote} FX Blue EA? I am backtesting manually as well triying to practise like real time. Results looks primising
No, It's EA from my broker and it's pretty cool.

Cheers;
  • #75,204
  • Jan 28, 2017 5:49pm Jan 28, 2017 5:49pm
Quoting ensale
How many trade PA with TDI ? Who can say they really studied properly PA .. 2017-01-28_12-10_About Thomas N. Bulkowski.jpg;2160684 Until they become so comfortable with Just PA that they let go of TDI and focus on just that so that they could get even better... {image}
The beauty of using TDI is it gives us working folks who trade up to 17 pairs at a time a chance to have a quick glance at the charts to determine quickly whats trending. After 18 months using TMS, I have lost too many trades using only the TDI as a entry signal and thats including utilising multi time framing as well. PA seems to be like a different language thats slowly becomes clearer the more time we watch and follow chart patterns. My trading results have improved now I use PA as my primary signal and the TDI as just directional guide. Look at USDCAD H4, great PA signal there.

I have read Thomas Bulkowski's books when I was heavy into trading penny stocks ( still got a few dogs in my folio ) and there a great read. Thanks ensale, I must have a second look at his books and see if it all relates to every trading market. My goal this year is to take my understanding of PA to a higher level and answer and personally relate to the b......y question emmanuel keeps on asking.
Trading thin liquidity at the boundary of the charts
  • #75,205
  • Jan 28, 2017 6:28pm Jan 28, 2017 6:28pm
I am just provoking thought with the last post with PA and TDI.. I am not asking anyone to remove it.. or consider that now.. just wonder if some will in the future...
It's in fear when people show what they truly value.
  • #75,206
  • Jan 28, 2017 6:51pm Jan 28, 2017 6:51pm
Quoting ensale
I am just provoking thought with the last post with PA and TDI.. I am not asking anyone to remove it.. or consider that now.. just wonder if some will in the future...
I agree and knowledge is everything. We can't limit ourselves to simply knowing TDI
My books on fibs and Elliot wave arrive this coming week. Can't wait to learn more!
  • #75,207
  • Jan 28, 2017 8:04pm Jan 28, 2017 8:04pm
Quoting ensale
I am just provoking thought with the last post with PA and TDI.. I am not asking anyone to remove it.. or consider that now.. just wonder if some will in the future...
If they become successful with this method, they will eventually drop all indicators from the charts. That is the final step in the evolution as a trader who uses charts.
If you are good at something, never do it for free--Joker
  • #75,208
  • Jan 29, 2017 12:43am Jan 29, 2017 12:43am
dear eelfranz I only trade 1hr charts during the the 1st 3 hours of the USA OPEN
I want to ask when you close the position at that open postion?
  • #75,209
  • Jan 29, 2017 1:08am Jan 29, 2017 1:08am
It is Sunday here so just a few hours before the market opens. I just hate the weekends.

It is funny that I keep being drawn back to this thread. I think it is because the traders here are trying harder.

So an insight into why Big E has the rules that he has. This is a truth I have not seen discussed here.

Big E was in fact a PA trader, but he knew that the vast majority of folks cannot read PA. So he formulated rules so that anyone can make money. It is important to follow those rules strictly. The TDI will make a good angle on candle one or two only if there is a strong spike in the direction of the trade you are trying to make. There will be strong buying or selling pressure. I believe that Big E did not want to trouble people with the nuances of PA, so he just gave rules that ensured that you cannot fail if you follow them strictly. He was trading a standard lot when he got sick. He also wasted a lot of time dealing with people coming into the thread trying to adulterate what he was trying to teach. This cost him time that he ultimately did not have.

So I will try again here. Let's do it exactly like Big E wanted us to do it, and I feel good about many traders learning PA that will put them over the top.

Quoting Ddxtreme
dear eelfranz I only trade 1hr charts during the the 1st 3 hours of the USA OPEN I want to ask when you close the position at that open postion?
After the third hour. Think about what he was saying.
If you are good at something, never do it for free--Joker
  • #75,210
  • Edited 2:43am Jan 29, 2017 2:12am | Edited 2:43am
Quoting ensale
I am just provoking thought with the last post with PA and TDI.. I am not asking anyone to remove it.. or consider that now.. just wonder if some will in the future...
Hi ensale, Rickman
BigE used many time's the word "quick glances"
RickM said 17 pairs.
Trading 17 pairs or even one pair an alert is needed to inform that a trade is possible on one of those pairs.
Alert - Quick Glances same meaning only spelled differently.

The TDI cross is that alert.
Traders that trade sole on that cross will get their butt kick.
read - TDI Cross.pdf

BigE had seven years back-testing, 2 years development to be able to place a trade with TDI at a glance.
He knew that and gave newbies post#647
Newbies - I am still one - wants to be spoonfed - they want to make money fast
They don't care how / they want it now
(Correct in wrong pls)
Post#647 is pure Price Action
#647 (should change my nick to copypaste)
1. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
a. What does point 1 say: STOP LOOK THINK.?
b. It does not say when you see a cross place the order blindly.?
2. How close am I to the previous high or lo
a. support resistance?
b. pivot points?
c. statistical point in time that have for unbeknown reasons a influence in the direction the market - could - should - can - go?
3. Am I in an uptrend or downtrend.. short & long term...
a. Place order in the direction of the trend?
b. Go with the flow?
4. Am I in or close to a consolidation area
a. Is there life in that pair?
b. liquidity?
5. Are the previous candles small...
a. Does the pair have moment?
6. Look at the candles on the last reversal... big, little, what
a. Does the pair have moment?
7. How does the momentum look right now (12-2, 4-6)
a. how many trader's are in agreement with TDI ea - strength?
8. Does Stoch's confirm the TDI signal
a. direction confirm?

Any fool can place an order on a TDI cross
Wise trader will find reasons not to order.
Order when reasons are far less than probability of success.

Notice the question mark behind every a / b / c
So that those points can be replaced by you and how you interpeted #647
Does your interpretation match BigE? (we will never know)
  • #75,211
  • Jan 29, 2017 2:34am Jan 29, 2017 2:34am
Quoting RickM
{quote} The beauty of using TDI is it gives us working folks who trade up to 17 pairs at a time a chance to have a quick glance at the charts to determine quickly whats trending. After 18 months using TMS, I have lost too many trades using only the TDI as a entry signal and thats including utilising multi time framing as well. PA seems to be like a different language thats slowly becomes clearer the more time we watch and follow chart patterns. My trading results have improved now I use PA as my primary signal and the TDI as just directional guide....

Hi RickM,

I have 16 pairs on my watchlist and I look at my daily chart once per day. I don't need to look at the TDI when I want to look for trade opportunities. With 16 pairs, I can easily find 5 Position trades per month which can generate enough profits to meet my year financial goal.
The TDI does not show us the market volatility. It only show the price momentum in that timeframe chart you look at.
Doing your top down analysis every month as you Big Picture Plan and updating your BPP on Weekly basis will show you where the trade opportunities potential and when to start looking for them.

We don't have to lose sleep just because we want to make money from the market. Only smart people make money the SMART way.

Take care and good trading,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,212
  • Edited 3:33am Jan 29, 2017 2:50am | Edited 3:33am
Quoting Axleman
{quote} Hi Emmanuel, Thanks again for including charts. I am visual learner and just picked up on the bar chart overlay HA candles that I did not have set on my charts. I'm still in demo practicing TMS...slowly getting better and agree that finding "Your"/"My" winning edge is the equation. I have past experience/training in reading Japanese Candles and many indicators and do realize the TDI/Stoch's are not the only focus, as well the transition to HA candles has been a bit challenging to this point. I do feel I am adapting well at this point and...
Hi Axleman,

Let go back to that EURUSD H4 chart again. let test ourselves how much we have learn from Big E post about his entry and exit which he had a few variations.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan 27 H4 before Question.png Size: 72 KB


Lets assume that Big E took that trade entry, how did he manage that trade and why?
If anyone can answer this, it will be a good test to know how well you know the man Big E and they way he traded in various market situation.

To other points you made in your post;

1) for me, there is only High Probability trade setups or no trade. There is no such thing at Low Probability trade setup. A High Probability trade setup is one that meets all the 10 conditions for a A+++ setup.

2) I would not take that trade because it did not meet the A+++ setup criteria and Post#647 as my checklist.

TDI cross, Stoch show same direction , APB candle close above the 5EMA, etc. does not mean a high probability trade when it fails Post#647 checklist.

One of our primary objective in trading is to preserve our trading capital which is top priority. We do not treat our trading capital as money we can afford to lose.
To improve our win rates, we must learn to reduce the number of losing trades by not taking some trade which do not meet our A+++ criteria.

Hope this is valuable lesson.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Jan 27 H4 after.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,213
  • Jan 29, 2017 3:09am Jan 29, 2017 3:09am
Quoting fcaldas
{quote} I agree and knowledge is everything. We can't limit ourselves to simply knowing TDI My books on fibs and Elliot wave arrive this coming week. Can't wait to learn more!

Knowledge is a very powerful asset to have. Your knowledge will always be yours. you can share it but it is up to the receiving party to accept it, when they do not accept with open mind, they will not learn and will not benefit.

You will learn about fibs and Elliot Wave, and you will benefit from it.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,214
  • Jan 29, 2017 3:17am Jan 29, 2017 3:17am
Quoting ensale
How many trade PA with TDI ? Who can say they really studied properly PA .. 2017-01-28_12-10_About Thomas N. Bulkowski.jpg;2160684 Until they become so comfortable with Just PA that they let go of TDI and focus on just that so that they could get even better... {image}

I can trade simple with Price Action PA without any TDI.
PA show me the price momentum and a lot more other things about the market.
Big E mentioned some of these things in his 463 post in this thread and 861 posts in his other thread Craig Harris Stochastic thread where this 5-Method started.
To learn the 5-Method, go read his posts there. Especially those who trade lower timeframes H1, M15 and M5.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,215
  • Jan 29, 2017 3:23am Jan 29, 2017 3:23am
Quoting Daaimali1512
{quote} Hello Emmanuel, i am new and have reviewed all older and new posts, understood about tdi and sto both, also tdi red is crossing green and sto is the confirmation when it's blue crossing dodge blue up or down, if i am wrong somewhere please address me but i am totally unable to understand about HA Candle indicator couldn't understand this one if i add this to mql4 and then inserts it to my mt4 there is only change in colors of candles, So how to know about bouncy candle and what is 12-2 and 6-4 in candle is this any kind of measurement or...

@Daaimali,

you need to get the basic right at the very beginning and pay attention to every detail written in Big E posts.

this is not a tdi system. matter of fact, this is not even a trading system. it is only a technical trading method.

here is where you can start:
http://www.forexfactory.com/showthre...14#post9184914
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,216
  • Jan 29, 2017 3:45am Jan 29, 2017 3:45am
Quoting jmn5611
Years have passed and the argument rages on. BigE did discuss price action. But if I were trying to learn his method I would stay with just the pairs that he traded, on the time frame that he traded. I think it would help the newer traders find the trades that work best if we did discuss price action a bit more. The TDI is a trigger that let Big E know a certain kind of price action was occurring. He did not take every signal. {quote} .

Hi,

It is 5 years since Big E died. Many still come to this thread and want to learn to trade like him. Sad to say, there are newbies who do not have open mind to learn how the market had evolved since 2012 and want to live in the past will not make it to make money.
We shall see how 2017 will progress for these newbies.
I see lots of opportunities to make money this year with Brexit in the making and President Trump in office. The 8 pairs will be nice to watch very closely.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,217
  • Jan 29, 2017 4:34am Jan 29, 2017 4:34am
Quoting emmanuel7788
{quote}Lets assume that Big E took that trade entry, how did he manage that trade and why?
Hi Emmanuel

I don't he would take the trade because rule on post 647 ''How close am I to the previous high or lo''
Look at daily chart approaching r/s level but if he took the trade he would grab a quickie pips as much as he can but he would get out as soon as he lost about 15pips
Attached Image (click to enlarge)
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  • #75,218
  • Jan 29, 2017 5:01am Jan 29, 2017 5:01am
No Trader can manage a trade.
A trader has only two choices on any chart
1. When to place an order.
2. When to close an order.
Everything between those two points the market does the management.

Don't wast time and try to make plans
The market will always laugh at your plans.
At most it will follow your plan for a few pips, give you false hope, little bit security only to break your heart and leave you bleeding.
Keep the door open.
Keep the page blank and see what the market write on those blank page.
Then you apply your two choices to what the market has wrote.
  • #75,219
  • Jan 29, 2017 5:13am Jan 29, 2017 5:13am
Following is another experiment back testing using ME/ME

Trading plan

1.Knowing that current side way market condition , I brought as TDI direction but I added up to five postilions until my stop loss which is bit above side way swing high or low with certain distance or when it's pull back.

2. Took a profit when it was not retrace and when it reached swing low or high with some variation.

As someone said that the market only trending 20 % and 80% of time the market go on side way if I remember correctly.
Then we only get wrong once when side way is end and we can get profit of this market depend on how many up and down swings occurred.
So in math term, if we put same amount positions each swing and it continue on three cycle and then get into trend market, we win 3 and lose 1 when you only trade same direction. In other word, our win ratio is 75%

Following link is about renaissance technology who using both Trend following & Mean reversion method when the market is side way as far as I know.

http://www.bloomberg.com/news/articl...s-blackest-box


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  • #75,220
  • Jan 29, 2017 5:16am Jan 29, 2017 5:16am
Quoting jmn5611
{quote} If they become successful with this method, they will eventually drop all indicators from the charts. That is the final step in the evolution as a trader who uses charts.
I agree. I have seen this with others..
It's in fear when people show what they truly value.
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