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Trading Made Simple

  • #76,621
  • Mar 5, 2017 12:50pm Mar 5, 2017 12:50pm
Inserted Video


Smart money...
It's in fear when people show what they truly value.
  • #76,622
  • Edited 2:12pm Mar 5, 2017 1:20pm | Edited 2:12pm
Quoting emmanuel7788
{quote} @Tekkies, You are a joke. You cannot read simple English. I know its not your first language. Go and read that post 285 again. If you look for '283', of course he did not say 283. {image} If you had tested the TDI Red Green and compare that with the TDI RT for realtime, you will know that the TDI Red Green which Big E used repaints bars in history . All his training charts are refreshed charts hence the TDI are all repainted. You expect him to mention the word 'repainting' in post 285. LOL I help members in different ways. One is to make...
Now I am a joke. Yes emmanuel you do help members in different ways, and one of those ways is down the rabbit hole.
Did you read post#285?
Do you understand the part that say..... don't add anything... don't complicate it.
Here is the whole post#285 by BigE then you explain to me what does the following mean in plain english:
The bit part which is underlined
Post #285 by BigE
The chart above... I was hoping to go thru the trades however when your posting you can't see the chart... duh!
Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now.
Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything... don't complicate it.
Many traders on the old thread said once they quit trying to improve it or making it more complicated... their pip take exploded.

Trying to sell "Keep it simple"? Why is this trend title called Trading Made Simple. BigE mentionde the word simple how many times. Simple does not mean easy. Simple means the step's to remember are simply. Post#647 are the step. Are those step easy to apply? For BigE that would be a yes. for me that would be a no, also for many other members.
http://www.dictionary.com/browse/simple. (Love to copy and paste.)
simple, [sim-puh l], Spell Syllables
See more synonyms on Thesaurus.com
adjective, simpler, simplest.
1.easy to understand, deal with, use, etc.:
a simple matter; simple tools.
2.not elaborate or artificial; plain:
a simple style.
3. not ornate or luxurious; unadorned:
Attached Image (click to enlarge)
Click to Enlarge Name: Simple.PNG Size: 72 KB
  • #76,623
  • Mar 5, 2017 2:49pm Mar 5, 2017 2:49pm
keep up with what is important and add to your knowledge
Attached File(s)
File Type: pdf Van Tharp - Introduction to Position Sizing The Secrets of the Masters Trading Game.pdf   199 KB | 4,849 downloads


"Large R-multiples in your favor are much more significant than "being right" in the equation for making money in the market."
you will never get that by exiting the trade whenever TDI goes flat
  • #76,624
  • Edited 4:09pm Mar 5, 2017 3:42pm | Edited 4:09pm
Quoting Ss45
{quote} Well I have to disagree on the statement you made in regards to TDI being core and edge of this system. Indicators will never be a core or an edge of any system, including TDI. Indicators are there for just a psychological support on your decision making process and nothing more.
Hi Ss45.
TDI is the heart of this system. (not my words). Why did BigE posted those words.
What I understand by "TDI is the heart of this system" is for me look at the organ heart.
What does a heart do?. It pump's blood. Day in, Day out. that is all it does, that is all it can do: pump blood.
With out blood the heart can not function, Blood can not function with out the heart. Both need each other to keep the body alive.
Each heartbeat is a surge of activity through out the body. Each body part use blood in a different way.
What does TDI do? It makes green cross red day in day out. (depending in time frame). That is all what it can do cross after cross.
TDI cross only tell you that a possible setup for an trade is on chart XYZ. BigE gave post #647 (blood) to tell you what to do when there is a cross.
There are ten point's and one expectation in post#647. Every point use the cross in a different way.
Post#647 - Briefly explained
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favour.
point - psychological support. (Makes the brain go goofy whoopy I am save)
Why? Because I'm expecting 3-8 candles... which is average...
point - How much pips am i going to get - feed the greed
With bounce trades the odds are lower for your success... but it still works.
point - Waring that trading behaviour is not advisable - don't be stupid
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
point - Look, Think, Understand the risk before placing a trade
How close am I to the previous high or lo
point - Are there bars on the left that is the same level as the cross? - I am not alone out here
Am I in an uptrend or downtrend.. short & long term...
point - Going up or going down
Am I in or close to a consolidation area
point - Candles flat and going nowhere
Are the previous candles small...
point - What do you understand about small candles? (no volatility?)
Look at the candles on the last reversal... big, little, what
point - What do you understand about last reversal
-- big == bull's are pushing the price up or ......................
-- small == bears are pushing the price down or .........................
-- what == BigE left this part open. Somehow he knew that no two traders will agree on what or how a candle must be read.
How does the momentum look right now (12-2, 4-6)
point - Do you know which line must show up or down? Which line is disregarded.

Do you know how to apply post#647 correctly? Any other member for that matter!
  • #76,625
  • Mar 5, 2017 4:01pm Mar 5, 2017 4:01pm
Hey Folks,

We are now discussing the anatomy of human body with TMS by Tekkies.

Don't waste your time in readinh his explanation wheta Big e already did in his 1,485 posts here in Forex Factory.

Your time is better spent learning what is of value like learning what bob44 did.
He started a new thread. I find value in his new template with Bollinger Bands.

here is the link:

https://www.forexfactory.com/showthread.php?t=645440

have a fun trading week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,626
  • Mar 5, 2017 4:07pm Mar 5, 2017 4:07pm
Quoting bistolis
keep up with what is important and add to your knowledge {image} "Large R-multiples in your favor are much more significant than "being right" in the equation for making money in the market." you will never get that by exiting the trade whenever TDI goes flat

I started reading FF in 2005, decided to signed up in Nov 2008 so that I write in this public forum.

Occasionally I get to read good stuff shared by other members which I find of great value to learning to become a better trader.
Now I can write to say : Thank you, bistolis.

Good stuff, I like the Expectancy vs Probability best.

Good start to the week for me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,627
  • Mar 5, 2017 4:19pm Mar 5, 2017 4:19pm
Currency pair and market volatility.

Know the currency pair you trade. Some pairs do move hundreds even thousand of pips in one day,
for example USDMXN below. makig pips can be fun, but it is other things that will kill your trading accounts.

But if you trade the currency Majors, a single day move of 100 to 300 pips is not normal. In fact any move more than 2 times its average traded range of that timeframe should be given more attention.
One of my simple rule in trading is never to chase after the market. This means never chase after big candles.

Attached Image (click to enlarge)
Click to Enlarge Name: USDMXN volatility.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,628
  • Mar 5, 2017 4:31pm Mar 5, 2017 4:31pm
Quoting emmanuel7788
{quote} @Malony, You don't think so, well how profitable are you trading this retail forex market. I am sure Big E knew what he was doing. I read and studied all his 1485 posts here in Forex Factory. But, do you trade his 5-Method? I see you made 16 posts in FF so far since 2014 and only 3 posts in this thread today. You make it sound so easy. LOL.
Hello Emmanuel
I want to ask you about your Money management,Risk Management in % of total balance,per pair trading and so on......... .I think,that is far important than any exits,entrys,systems ...........whatever.
Thanks for answers,
Alex
  • #76,629
  • Mar 5, 2017 4:40pm Mar 5, 2017 4:40pm
Quoting emmanuel7788
Hey Folks, We are now discussing the anatomy of human body with TMS by Tekkies. Don't waste your time in readinh his explanation wheta Big e already did in his 1,485 posts here in Forex Factory. Your time is better spent learning what is of value like learning what bob44 did. He started a new thread. I find value in his new template with Bollinger Bands. here is the link: https://www.forexfactory.com/showthread.php?t=645440 have a fun trading week.
Can you elaborate on the value that you find in this template please?
  • #76,630
  • Mar 5, 2017 4:43pm Mar 5, 2017 4:43pm
I completely skip what tekkies writes, lol! Such a waste of his time to be writing all this.
Is there any possible way we can get him banned of this thread?
  • #76,631
  • Mar 5, 2017 4:59pm Mar 5, 2017 4:59pm
Quoting Deichkind
{quote} Hello Emmanuell, you write about when to do SEME and when to Change to MEME, thats a question I also think about, what do you think about when to use MEME at reversals and SEME at continuation-trades? I think at reversals you might build better a position as at continuation. At continuation (imho) market will often then will go only one way and the Chance seems to be much smaller to build a position. regards and have a nice Thorsten

Hi Deichkind,

I have not forgotten your post. Just that I need to find a good way to explain things in different scenarios so that newbies reading will learn it too and in simpler explanations.

Trading reversal setups is not easy because we can never be sure if the reversal setups will run into a new trend. Sometimes reversal setups as we see them do run immediately into a new trend. Other times, it just go sideways for long time before the market decide to trend again.
In his book title " Beat the Forex Dealer", Agustin Silvani described How to Build a Position in the Market is one good way to trade the reversals. It is safe to trade reversal with smaller position size and use several entries to slowly build up at different price levels to get an overall average entry price. The art here is how to spread out the entries at different price levels in order to achieve an overall better average entry price. Different traders have different methods in doing this. I use the ADR-100days and placed my trade entries at 0.5ADR-100days. Always controlling and limiting my over trade risks to 1% and 2% per currency pair I chose to trade. Dividing my trade risk into 5 entries spaced at 0.5ADR (100), work out very well for 6 years now. This may sound complicated but one must understand the concept well and do some practice and work that out on paper and on demo trading.

There are trading tools which we can use to do the multiple entries in live trading. Different trading platforms have different tools but the concept of Position Building remains the same.

The continuation trade setups in an established trend also has different risks. We do not know if the trend will paused which it usually does, you will notice this more in lower timeframes like H4, there are 'patterns' when the market pauses. Big E has been right in the way chose to exit the market based on his time of day. But when we trade the D1 charts, this exit based on time of day will not apply. Also the TDI exit using the realtime non-repainting version set to (10,3,34,3,1,7) will be different. We no longer use the TDI flat, hook back, etc. for exit strategy. We rely more on the price action and what we see in the market. The TDI is lagging and will anyway react to the market price action.

From my own trading experience, Single Entry/Multiple Exits will not give optimum profit results in D1 chart Position Trading. These position trades usually run into several weeks and in such long duration, I prefer to trade with small position size using the same risks and ADR method. reason is we do not know what can happen in the market place and it will keep our trading risk better control and managed. You also have the option to scale-in using multiple entries and one single exit. The trick here is the price and timing of the one Single Exit. No easy decision for this but Van Tharp has good lessons on Exit Strategies.

When trading very short term like Intraday H1, Single Entry / Multiple Exits works great. You can use a trade manager like THV CaveManager to manage your trade exits based on volatility in pips and not the TDI conditions. Lettinga trade manager manage our trades has the advantage that we do not need to monitor our charts which often affects our emotions tied to trading. We focus our time and attention to picking the best trades setups and not burden with emotion management while trading.

Hope this helps,

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,632
  • Mar 5, 2017 5:46pm Mar 5, 2017 5:46pm
Quoting Erl
{quote} Can you elaborate on the value that you find in this template please?

Hi Erl,

I will PM you on that.

This is not the place to add and discuss other technical indicators. In fact, I do the opposite like what Big E did, he stripped other commercially sold trading systems and created his 5-Method and his 21/233 Method.

I removed the MACD, then the Stochastics from my COWABUNGA years and kept only the RSI, replaced with the Fozzy-RSI which is one of the first version of what was later given the name Trader Dynamic Index aka TDI for marketing purpose.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,633
  • Mar 5, 2017 5:58pm Mar 5, 2017 5:58pm
USDJPY Week 10 Mar 6 day open,

Look at the market open gap down. In the lowre TF, h1 for example, the gap was covered quickly but on D1 shown below, it shows a upper wick.

You look at your APB/HA candles, it open same colour like previous D1 candles.

Look at the price bar, what do you see?

Do you want to buy on D1 chart?

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 10 Mar 6 open.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,634
  • Mar 5, 2017 6:59pm Mar 5, 2017 6:59pm
In case some of you are new and have not known these, it is good to start week knowing what professional traders do.
My favourites are still Kathy Lien and Boris Schloessberg.

https://pepperstone.com/en/forex-new...eekly-6-3-2017

https://pepperstone.com/en/forex-new...eekly-6-3-2017

https://pepperstone.com/en/forex-new...eekly-6-3-2017

if you subscribe to their youtube channel, you get mail alert every weekend.

they may not be right 100% of the time, but their fundamentals and market sentiments analysis are very good. when they are right, you make multiple Rs in profits and your trading system Expectancy grows.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,635
  • Mar 5, 2017 7:08pm Mar 5, 2017 7:08pm
USDCAD Week 10 Mar 6:

Friday Day Pin Bar,

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 10 Mar 6 D1 Pin Bar.png Size: 43 KB


Look in your 5-Method chart and see if you can follow the setup rules.
Do you have a sell setup?
Look at Day APB/HA candle, what does it show you?
Do you see resistance to the left to decide sell at resistance?
Do you believe that reversals will begin in the lowest timeframe?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,636
  • Mar 5, 2017 7:43pm Mar 5, 2017 7:43pm
Quoting emmanuel7788
In case some of you are new and have not known these, it is good to start week knowing what professional traders do. My favourites are still Kathy Lien and Boris Schloessberg. https://pepperstone.com/en/forex-new...eekly-6-3-2017 https://pepperstone.com/en/forex-new...eekly-6-3-2017 https://pepperstone.com/en/forex-new...eekly-6-3-2017 if you subscribe to their youtube channel, you get mail alert every weekend....
Yeah, I like Boris. I follow him because I am with Pepperstone.
  • #76,637
  • Mar 5, 2017 8:21pm Mar 5, 2017 8:21pm
Quoting Forex37
{quote} I cannot agree with you: If the TDI serves just as a psychological crutch, why would trading EAs of TMS constructed around this indicator work? And they do! I`m autotrading a few systems successfully via vps unattended - mostly based on TDI or Connor`s RSI. So entering trades based on TMS and administating those via cavemanager etc, is not the worst way. Regards
Hi
I was not saying don't use it at all. All I was saying, don't think that TDI is the ONLY/CORE answer for all your forex trading. TDI is same as any other million indicators out there, just a reflection of price movement in a confined space. An indicator certainly does not dictate price movement. I am sure we can go back and forth to convince one and another and it will just be futile.

As for you are being able to trade EA successfully using TDI........are you really successful or you are hoping it will be one day once you tweaked little more? Because tweaking part never ends. Never the less I will give you the benefit of the doubt and lets say if it indeed works. Then you should not have any problem trading manually with the same methodology as EA. After all, it is you or whoever created the EA defined the condition or algorithm for the EA to perform. It can not think for it self or perform beyond the scope of your defined parameters. Only difference between EA and you is that, EA a can operate 24 hours while you can not. I mean you can if you want but on a practical sense.

Well, I came to this believe of not relying on indicators after trading for years believing that I will become successful SOLELY using indicators. I can certainly switch back trusting indicators once you prove me otherwise.

If you have a EA that performs as you say it is, doesn't necessarily have to be TDI based, with reasonable return ( even couple of percentage a month) but acceptable risk( no couple hundred pips SL or martingale ) then please kindly PM me. I will be able to invest couple of hundred Ks, once the due diligence is carried out and successful. Thank you,
  • #76,638
  • Mar 5, 2017 10:18pm Mar 5, 2017 10:18pm
Quoting Tekkies
{quote} Now I am a joke. Yes emmanuel you do help members in different ways, and one of those ways is down the rabbit hole. Did you read post#285? Do you understand the part that say..... don't add anything... don't complicate it. Here is the whole post#285 by BigE then you explain to me what does the following mean in plain english: The bit part which is underlined Post #285 by BigE The chart above... I was hoping to go thru the trades however when your posting you can't see the chart... duh! Quit making excuses.. if it was any simpler there wouldn't...
Hi Tekkies

Your response certainly warrants a counterreply but I will refrain from issuing one to avoid further instigation between us. However, I do want to say one thing if I may, it seems as if you are in neck deep into this approach to TMS or understanding of TDIs and the notion of Eelfranz posts as answer all your forex endeavor.

One thing for sure is that you will come out of this but unfortunately you will have to pay with your time and money for it. That is the only way you can help yourself because I have been into that situation before ( Not TMS or any other system in particular but just the general understanding of forex itself) and I paid the price as well.
When you come to that realization, you will know your edge in trading. However, that alone not going to make you successful because next biggest hurdle is conquering your emotions that includes mm.

I certainly commend you for your involvement in this forum and if you do become successful in your current approach and essentially proving some of us as being wrong. Please do start new thread and I will be the first one to admit it and sign up. Either the way good luck to you!!!!
  • #76,639
  • Mar 5, 2017 10:37pm Mar 5, 2017 10:37pm
Quoting emmanuel7788
USDJPY Week 10 Review and Big Picture: The question is - When will FED raise rates? can be this month, next month, ... How do we trade next week? {image}
Great analysis! This weekend I crunched #'s over 16 years of trading data. For USDJPY for week 10, the probability of an up week is 0.625 with a mean up move of 132 pips.

EZ
  • #76,640
  • Mar 6, 2017 12:09am Mar 6, 2017 12:09am
Quoting ensale
{quote} Not the person you want to answer but me.me is Multiple entries and Multiple exists.. Used for building a positions and getting a better price on the day chart.. check the paperclip at the top for documents on this.. there are many.
Thanks!
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