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Trading Made Simple

  • #75,281
  • Jan 30, 2017 1:57am Jan 30, 2017 1:57am
Quoting Tekkies
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.. .
Hello Sir !
You bring a lot of negativity to this place..

Please look for another place to post this shit .
Thanks in advance .

Kind regards
Guido
Risiko birgt immer auch die Chance.
  • #75,282
  • Edited 2:34am Jan 30, 2017 2:13am | Edited 2:34am
Have posted enough charts with hindsight trading to show that BigE's Trading Made Simple is still relevant now then it was in his day.

You do not need to make it complicated.
You do not need fancy words to describe price action.
You do not need elaborated plans.

All you need is already given to you by BigE to trade the TDI Cross his way.
Spend time with the Big Guy behind the computer, that is the only why.

The end of the day the market decided who is right or wrong.

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  • #75,283
  • Edited 2:37am Jan 30, 2017 2:20am | Edited 2:37am
Quoting emmanuel7788
{quote} How I keep it simple: when trading the H4 chart timeframe, start the week by first looking at the W1 charts, if the W1 shows sideways market, check the range. Avoid trading narrow range sideways. if W1 is trending, then move on and look at D1, if D1 is trending in the same direction as W1, then trade H4 in the direction of both the W1 and D1. If D1 is in a 'correction' / retracement against the W1 trend, WAIT.... for D1 reversal Market Trend 4H Swing Trading.jpg;2162234 {image}
O.K. Thanks.

Is there anyway I can check the D1, W1 TF while I am middle of back testing. Kind of indicator or muti chart ?
  • #75,284
  • Jan 30, 2017 3:40am Jan 30, 2017 3:40am
Quoting inforserve
{quote} O.K. Thanks. Is there anyway I can check the D1, W1 TF while I am middle of back testing. Kind of indicator or muti chart ?
Well you could open up multi charts as I'm sure you know, but for something like this I run multiple versions of MT4 side by side... makes this possible

Loads of instructions on how to do that about on the forum, but basically copy and paste the MT4 directory and subdirectories into an 'MT4ii' directory and point a new shortcut to the pasted MT4ii directory executable. You now have two MT4 worlds to work in (or 3 worlds if you do a 3rd paste, or 4 worlds ... )

Cheers
always learning
  • #75,285
  • Jan 30, 2017 3:49am Jan 30, 2017 3:49am
Quoting emmanuel7788
{quote} A new H4 candle just open. Zoom in and look at the TDI comparison. BigE 8 pairs GMT0600.png;2162206 {image}

H4 GMT0950 closing soon.
Pick one pair, which one?

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EURUSD or GBPUSD
USDCHf or USDCAD

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,286
  • Jan 30, 2017 3:57am Jan 30, 2017 3:57am
Quoting griffc
{quote} Well you could open up multi charts as I'm sure you know, but for something like this I run multiple versions of MT4 side by side... makes this possible Loads of instructions on how to do that about on the forum, but basically copy and paste the MT4 directory and subdirectories into an 'MT4ii' directory and point a new shortcut to the pasted MT4ii directory executable. You now have two MT4 worlds to work in (or 3 worlds if you do a 3rd paste, or 4 worlds ... ) Cheers

Thanks!!!

I found solution for the back testing.

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  • #75,287
  • Jan 30, 2017 4:00am Jan 30, 2017 4:00am
Hi Emmabuel7788,

been away way for a few days and just now catching up with the last few pages of posts. Notice your strategy group idea, so if it's not too late, would be a pleasure to participate?

best, Chris

PS loved the hourly volatility charts you posted, may I ask where I can source them?
All for one and one for all
  • #75,288
  • Edited 4:42am Jan 30, 2017 4:06am | Edited 4:42am
Quoting emmanuel7788
{quote} H4 GMT0950 closing soon. Pick one pair, which one? BigE 8 pairs GMT00945.png;2162485 EURUSD or GBPUSD USDCHf or USDCAD TMS Monitor GMT0945.png;2162488 {image} {image}
I will pick usd/cad

Reasons

1. W1 is Side way with at bottom of the range.
2. TDI is not cross but pointing up & bottom of range.
3. TDI seems like bouncing up.
4. IB break out
5. There is room for next structure level ( resistance )
But size of candle is bit small.
  • #75,289
  • Jan 30, 2017 4:08am Jan 30, 2017 4:08am
New H4 open and look closely at the GBPUSD pair and how that TDI Red Green is repainting it Green line.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,290
  • Jan 30, 2017 4:12am Jan 30, 2017 4:12am
Quoting inforserve
{quote} I will pick usd/cad Reasons 1. W1 is Side way with at bottom of the range. 2. TDI is not cross but pointing up & range bottom of range. 3. TDI seems like bouncing up. 4. IB break out

USDCAD is an established trending pair but very small movements. Still a safe pick among the two.

I pick EURUSD and not USDCHF since these are inversely correlated and having picked USDCAD, I ignore USDCHF.

Also can pick GBPUSD based on the TDI Green slope and previous day HA same colour.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,291
  • Jan 30, 2017 4:13am Jan 30, 2017 4:13am
Quoting cvgreen46
Hi Emmabuel7788, been away way for a few days and just now catching up with the last few pages of posts. Notice your strategy group idea, so if it's not too late, would be a pleasure to participate? best, Chris PS loved the hourly volatility charts you posted, may I ask where I can source them?

HI Chris,

which "hourly volatility charts" ?

If you mean the TMS Monitor, its here, link:

http://www.forexfactory.com/showthre...68#post8753868

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,292
  • Edited 4:34am Jan 30, 2017 4:23am | Edited 4:34am
Quoting emmanuel7788
{quote} USDCAD is an established trending pair but very small movements. Still a safe pick among the two. I pick EURUSD and not USDCHF since these are inversely correlated and having picked USDCAD, I ignore USDCHF. Also can pick GBPUSD based on the TDI Green slope and previous day HA same colour.
"I pick EURUSD and not USDCHF since these are inversely correlated and having picked USDCAD, I ignore USDCHF."

That is what I have to learn. Avoid over trading. Thanks !
  • #75,293
  • Jan 30, 2017 5:21am Jan 30, 2017 5:21am
Quoting emmanuel7788
{quote} H4 GMT0950 closing soon. Pick one pair, which one? BigE 8 pairs GMT00945.png;2162485 EURUSD or GBPUSD USDCHf or USDCAD TMS Monitor GMT0945.png;2162488 {image} {image}
GU was the only one I see where the candle was due to close the correct side cross of the 5ema, so that would have been my only candidate.
always learning
  • #75,294
  • Jan 30, 2017 5:56am Jan 30, 2017 5:56am
Quoting cvgreen46
Hi Emmabuel7788, been away way for a few days and just now catching up with the last few pages of posts. Notice your strategy group idea, so if it's not too late, would be a pleasure to participate? best, Chris PS loved the hourly volatility charts you posted, may I ask where I can source them?
I think your talking about the hourly volatility/adr.. .. That information is available from MATAF.. Let me double check
It's in fear when people show what they truly value.
  • #75,295
  • Edited 6:53am Jan 30, 2017 6:22am | Edited 6:53am
Hi Guys,

This is my own experience only and my experience with TMS and following BigE's trading rules on every trade is only 40% win ratio and I did loose more than I took in, perhaps due to me inexperience maybe at the time, as like any new trader I was very aggressive and wanted to make money quick, I traded everything with a TDIx and within 2nd APB candle withing TDI range and Stoch confirm, H1,H4,D1, you name it, Exit on Flat/Cross/Hook,

Now after I was getting owned by the market, I learnt inorder to be profitable I needed to learn how not to trade. I read Emmanuel's analysis I and looked abit more into keep out of trades and only trading at S/R with PA confirming I became abit more accurate and making more with MM also. Emmanuel's a pro trader who shares hes experience with us and helps us be more conservative. I.E stay out of trade when SL on previous Swing is more than TP as risk to reward on MM is not equal more than in your favour.

I'm not if sure if your aware all, but there is an EA created by Seller called experts tool box who is amazing and this EA trades EXACTLY to BigE. I mean Exactly. Now if you want to trade every signal it takes then I can assure you after months of running it, its every turbulent and not profitable, feel free to try. It perhaps need more coding to make it trade at S/R only.

Old - TMS EA - http://www.forexfactory.com/showthread.php?t=292301
Final - ETB EA - http://www.forexfactory.com/showthread.php?t=332760

Now I am not saying for one moment that BigEs TMS doesn't work, its does, it gives amazing signal and setups but it also gives bad ones and only by filtering out the bad ones can you become profitable. I must reiterate that BigE had alot of years behind him before he made this system therefore he already knew the forex basics and filtered bad trades out automatically when looking at signals.

I can only conclude that learning when not to trade is vital, just like Emmanuel advises.

Just like my experience.
  • #75,296
  • Jan 30, 2017 6:24am Jan 30, 2017 6:24am
Quoting ensale
{quote} I think your talking about the hourly volatility/adr.. .. That information is available from MATAF.. Let me double check

thanks ensale,

here is that old post:

http://www.forexfactory.com/showthre...43#post9476943
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,297
  • Jan 30, 2017 6:33am Jan 30, 2017 6:33am
EURUSD H4 trade closed Jan 30.

that EU H4 setup fell fast after the Italian bond release.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,298
  • Jan 30, 2017 6:41am Jan 30, 2017 6:41am
Quoting quyquan
Hi Guys, This is my own experience only and my experience with TMS and following BigE's trading rules on every trade is only 40% win ratio and I did loose more than I took in, perhaps due to me inexperience maybe at the time, as like any new trader I was very aggressive and wanted to make money quick, I traded everything with a TDIx and within 2nd APB candle withing TDI range and Stoch confirm, H1,H4,D1, you name it, Exit on Flat/Cross/Hook, Now after I was getting owned by the market, I learnt inorder to be profitable I needed to learn how not...
hi Quyguan,

that is a very well coded Ea by Seller9.
If only it can recognise consolidation using price bar patterns, then many of those trade setups within consolidation and narrow range market can be filter-out and then only the winning rate will be above 65%.
the other feature that need to be coded into that EA is the money management and entry and exit strategy with scale-in and scale-out functions.

anyone want to take up this challenge to re-code the EA?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,299
  • Jan 30, 2017 6:58am Jan 30, 2017 6:58am
Tomorrow is big day for trading JPY pairs with the Bank of Japan BOJ policy statement.
Can you trade without any preparation and have a trade plan?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,300
  • Jan 30, 2017 7:12am Jan 30, 2017 7:12am
Quoting emmanuel7788
{quote} How I keep it simple: when trading the H4 chart timeframe, start the week by first looking at the W1 charts, if the W1 shows sideways market, check the range. Avoid trading narrow range sideways. if W1 is trending, then move on and look at D1, if D1 is trending in the same direction as W1, then trade H4 in the direction of both the W1 and D1. If D1 is in a 'correction' / retracement against the W1 trend, WAIT.... for D1 reversal Market Trend 4H Swing Trading.jpg;2162234 {image}
Hi Emmanuel,

sometimes I still struggle with identifying a trend on higher timeframe. What do you mean by "if W1 is trending..."?
- Do you consider an uptrend, if PA is above EMA10?
- Or if you draw a trendline and the direction is up?
- Or if HA is up-color?
- Or do you consider consecutive Higher Highs as uptrend?
- ?

These questions may sound simple, but to me they are not. I don't have a rule, and often those different approaches contradict each other.

Could you please share your opinion?

Thank you for all your patience with us newbies...
Best regards, blackfriday
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