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Trading Made Simple

  • #75,461
  • Feb 2, 2017 5:41am Feb 2, 2017 5:41am
Quoting frenchy.fx
Still dont know when to enter a trade can anyone help me? {image}
Apply #post647 to every TDI cross before placing a trade

1. Your safest trades will always be when green crosses red and you enter on candle 1 or 2
You have enterd on candle 3
2. With bounce trades the odds are lower for your success... but it still works.
no bounce
3. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
a. How close am I to the previous high or lo
You are close to a small support can you spot the the four red bars (one big, 3 small on the green dot line)
b. Am I in an uptrend or downtrend.. short & long term
down trend
c. Am I in or close to a consolidation area
You placed a trade in a middle of a consolidation look at what R1 and SI is showing you
d. Are the previous candles small...
NO
e. Look at the candles on the last reversal... big, little, what
wick is small on red candle
f. How does the momentum look right now (12-2, 4-6)
below 4 good
g. Does Stoch's confirm the TDI signal
yes
Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it

One point not right then do not enter. Find reasons not to place an order or the market will have reasons to take your money.

If you do not understand any of those basic points BigE advice members to go to babypips.com
Download the TDI Cross.pdf (paper clip top right)
  • #75,462
  • Feb 2, 2017 5:42am Feb 2, 2017 5:42am
My entry for today
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  • #75,463
  • Feb 2, 2017 5:50am Feb 2, 2017 5:50am
Quoting Tekkies
{quote} Apply #post647 to every TDI cross before placing a trade 1. Your safest trades will always be when green crosses red and you enter on candle 1 or 2 You have enterd on candle 3 2. With bounce trades the odds are lower for your success... but it still works. no bounce 3. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: a. How close am I to the previous high or lo You are close to a small support can you spot the the four red bars (one big, 3 small on the green dot line) b. Am I in an uptrend or downtrend.....
Thanks i will download the TDI cross file to read it carefully
  • #75,464
  • Feb 2, 2017 6:16am Feb 2, 2017 6:16am
My last trade this week with the TMS guppies, closed manually to delete the loss on AC. My original TP on NU was higher, at about 80% AWR. I do not want to be caught in a retracement today, since the ADR is reached already.
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  • #75,465
  • Feb 2, 2017 6:32am Feb 2, 2017 6:32am
Quoting emmanuel7788
{quote} GBPAUD - you enter after the MN candle closed. There is bound to be retracement because every candle had upper and lower wicks. Today is the better time to open sell when the price action breaks below last MN close. GBPAUD MN with D1.png;2168735 {image}
Oh wow, I just got burned with that big drop! Lesson learned. I hope.
  • #75,466
  • Feb 2, 2017 7:19am Feb 2, 2017 7:19am
TFs

Hi Emm, JMN & Inforserve,

As you know, I'm swinging between timeframes at the moment and am working my way out of this unproductive TF no mans land, the more I dig into myself the more I logically want to push to the H4 world. You guys seem at home on this TF so can I ask how you ended up there, was there an obvious something that made the H4 share an a-ha moment with you, was it pain avoidance from other TFs, strong testing results / osmosis over time / other?

Thanks
Griff
always learning
  • #75,467
  • Feb 2, 2017 7:20am Feb 2, 2017 7:20am
Quoting emmanuel7788
{quote} what is inversion? do you mean reversal?
Yes I mean reversal
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,468
  • Feb 2, 2017 7:30am Feb 2, 2017 7:30am
This is the chart H4 of GU, the current candle is going to close in next 30 minutes. This is really the BIG bar. Any comment for this case please ?
Attached Image (click to enlarge)
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  • #75,469
  • Edited 8:41am Feb 2, 2017 7:47am | Edited 8:41am
Quoting pdduc13
This is the chart H4 of GU, the current candle is going to close in next 30 minutes. This is really the BIG bar. Any comment for this case please ? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 388 KB


In any case this is just market reacting to news, happens
  • #75,470
  • Feb 2, 2017 7:57am Feb 2, 2017 7:57am
market reacts at support but no bullish sign yet.
Risk comes from not knowing what you're doing.
  • #75,471
  • Feb 2, 2017 9:14am Feb 2, 2017 9:14am
Quoting irishtoffy
{quote} Oh wow, I just got burned with that big drop! Lesson learned. I hope.
I took that trade. It helps to diversify if your account is big enough and your broker allows. Believe or not, I trade 5 cent lots on a 5 figure account. This means that I have complete control over my money management and never worry about anything. That GA trade is a spike and the open of that bar will be retested at some point within the next three months with a very high probability. Here is the chart.
Attached Image (click to enlarge)
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If you are good at something, never do it for free--Joker
  • #75,472
  • Feb 2, 2017 9:15am Feb 2, 2017 9:15am
Quoting emmanuel7788
{quote} if you want to be like Big E and trade his aggressive style, enter the trade when the TDI Green has crossed the Red and the APB is red colour. {image}

emmanuel;

Did you back test the BIG E aggressive way to see how many times he had failed ?
I think he wanted to catch some more pips at the beginning of the candle by maintaining his chance of winning and then exit the trade and let it gone !

I my self saw many times that this way is easier and with more chance of win than the conservative way !
  • #75,473
  • Feb 2, 2017 9:17am Feb 2, 2017 9:17am
Quoting bistolis
{quote} Image1.png;2169302 In any case this is just market reacting to news, happens {image}
A huge spike reversing several bull bars. All of those bulls are trapped. It is not unreasonable to expect a second push down after the initial pullback. I think this is a high probability trade. That is just me.
If you are good at something, never do it for free--Joker
  • #75,474
  • Feb 2, 2017 10:55am Feb 2, 2017 10:55am
Quoting jmn5611
{quote} I took that trade. It helps to diversify if your account is big enough and your broker allows. Believe or not, I trade 5 cent lots on a 5 figure account. This means that I have complete control over my money management and never worry about anything. That GA trade is a spike and the open of that bar will be retested at some point within the next three months with a very high probability. Here is the chart. {image}
Did you also get out on the spike up or hold past the spike for the downturn? My trade choices seem to be getting. Enter. But looking for a solid, MM and trade management process now. Looking at the options to improve there at the moment.
  • #75,475
  • Feb 2, 2017 12:22pm Feb 2, 2017 12:22pm
Quoting irishtoffy
{quote} Did you also get out on the spike up or hold past the spike for the downturn? My trade choices seem to be getting. Enter. But looking for a solid, MM and trade management process now. Looking at the options to improve there at the moment.
Attached File(s)
File Type: ex4 Forex_Trading_Troll_v2.ex4   21 KB | 355 downloads
  • #75,476
  • Feb 2, 2017 12:29pm Feb 2, 2017 12:29pm
Quoting emmanuel7788
{quote} Hi Classy, In the past years, many traders came to this thread and wanted to trade Big E's 5-Method. Some are confused what TMS is and what the 5-Method is. A few traders believe that TMS and the 5-Method are two different 'systems' which in fact is not true. Trading Made System aka TMS is only the name of this thread when Big E decided to move the 5-method discussions from the Commercial Content forum back to this Trading Systems forum. There is one big problem that many traders faced in the past years. Too many different coded version...
Big Emm Execelent post and explained superb ..big thanks .You are right nothing is right/correct /accurate/absolute..it is all need practice....adaptations..fine tune according to situation...timing..state of mind..fear..gread..pattern ..perception..projections all differ person to person.Above all we need disciline..pratice ..read chart pattern ...imho ..big emm hats off for your time and nice writing ..itis a real GEM of This thread...God give you good Health..peace..happiness
Say something meaningful or Silence!!
  • #75,477
  • Feb 2, 2017 2:19pm Feb 2, 2017 2:19pm
Quoting jmn5611
{quote} I took that trade. It helps to diversify if your account is big enough and your broker allows. Believe or not, I trade 5 cent lots on a 5 figure account. This means that I have complete control over my money management and never worry about anything. That GA trade is a spike and the open of that bar will be retested at some point within the next three months with a very high probability. Here is the chart. {image}
Hi Sir!

You mean 5cent per pip? In such a big account? Whats the purpose? to be always in the market letting the trade open? It is you normal entry? Sorry for these questions, but a Money Management is another pending task I need to recheck...

I still amaze how traders here can read the market with PA, I need to study that...Anny suggestion? A good book to look at? Something not too technical, I have a language barrier...

Regards!
  • #75,478
  • Edited 3:03pm Feb 2, 2017 2:52pm | Edited 3:03pm
Tried again double bottom & out of consolidation area with big candle. Checked D1 TF and there is support with blue candle.

+40 pips

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Break even trade.

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-10 pips loss.

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Quick scalping. +20 pips

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Managed to close with positive pips at Range bound.

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  • #75,479
  • Edited 4:10pm Feb 2, 2017 3:41pm | Edited 4:10pm
Quoting griffc
TFs Hi Emm, JMN & Inforserve, As you know, I'm swinging between timeframes at the moment and am working my way out of this unproductive TF no mans land, the more I dig into myself the more I logically want to push to the H4 world. You guys seem at home on this TF so can I ask how you ended up there, was there an obvious something that made the H4 share an a-ha moment with you, was it pain avoidance from other TFs, strong testing results / osmosis over time / other? Thanks Griff
Hi Griffc

I am sure other senior members will give good advice regarding your query. I can only tell you about my experience.
I tried from 15M to Day TF. As Emmanuel mentions about few posts back, if you trade less than 4 hour TF, you have watch out each sessions. When each session end, it seems like profit taking going on. So Price fluctuates although long term direction stay as same. That's is way I found to difficult to trade short TF less than 4 hours.
Also any news events trigger market swing on these short TF as well. For D1 TF, it's bit too big R: R ratio for me. So I am comfortable with 4HR TF. And it' seems be more reliable if I do MTF analysis with Price Action & S/R analysis correctly. I used to trade with more focus on TDI but now I am more focus on PA since all indicator including TDI are lagging. Since we all depending on lagging indicator to the degree, it also harder to make profit on short TF.(IMHO)


I hope it can help your decision on your TF selection.

Cheers;
  • #75,480
  • Feb 2, 2017 4:01pm Feb 2, 2017 4:01pm
I think one of the overlooked element of BigE's trading was the timing: 7 am, 11am, with everything closed at 3 pm Rome time. Because he used to wait for the beginning of a 4h chart candle before entering, he opened his trades at a topic time, when the big trend of London session clearly discloses itself and is ready to develop for at least the following 45 minutes to 1 and 45 minutes: hence the big profit.
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