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Trading Made Simple

  • #77,821
  • Mar 19, 2017 1:43pm Mar 19, 2017 1:43pm
Yes the 115 pip trade was not ideal but as I had a TDI kiss followed by a red HA and a close below my resistance, it took the trade. It was high risk though hence my trailing stop on this one. I was lucky.
  • #77,822
  • Mar 19, 2017 1:58pm Mar 19, 2017 1:58pm
Quoting swc
I've been testing this strategy and I found by adding a 20EMA to the chart I've avoided taking losing trades. If the price has crossed the 5EMA and the TDI is set up as per the rules BUT the price has not crossed the 20EMA, I don't take the trade. Please see the screen shot of entries and exits below on GBPUSD 4h. I thought this may be useful. https://www.forexfactory.com/attachm...1&d=1489919133 {image}
Thank you for posting your chart it is a good help
True Grit!
  • #77,823
  • Mar 19, 2017 2:17pm Mar 19, 2017 2:17pm
Quoting faatkumo
{quote} only a couple pips away from support as a TP of 75pips approx if you stayed in with an SL of roughly 55 pips. =) {image}

Good point. I'm using tight stops at moment.
smile and the world smiles with you
  • #77,824
  • Mar 19, 2017 5:04pm Mar 19, 2017 5:04pm
For people just starting out and looking to build confidence, I do not advocate breaking the rules and not sticking to the strategy. I've been trading for over 3 years, I've traded various strategies and time frames and spent a lot of money on education but with limited success. For the most part, my lack of success has been down to my own lack of discipline. I now recognise that this has been a common thread throughout my life, which has affected my trading. However, I believe that with determination, belief and persistence you can find a system that works for you but it takes time to find what trading style really works for you as an individual. When I first started out, I thought that I could make a million in 2 years but as we all know, if it was that easy everyone would be millionaires. I came across the TMS strategy by luck, just by reading the forum on FF. I had already developed a similar strategy on the 15min time frame with some success, so it caught my attention. I still use the 15min 5&20 crossing strategy which works and I'd be happy to share this with you so please IM message me if you are interested and open minded. Discipline is key to becoming successful. I always knew this was the case but for some bizarre reason I never followed my own rules. It has been an expensive journey but I think I've finally arrived at the place where mindset takes precedence over impulse. This has been the hardest part to master, not the technical analysis. As Big E said, "Rely on your tested strategy and enter your trade with confidence not fear". Try and view the trades without emotion, which is easier said than done but it is definitely easier if you do not over leverage your positions. (been there, done that). Good luck with your trades and lets be positive and open minded.
  • #77,825
  • Mar 19, 2017 5:53pm Mar 19, 2017 5:53pm
Quoting swc
For people just starting out and looking to build confidence, I do not advocate breaking the rules and not sticking to the strategy. I've been trading for over 3 years, I've traded various strategies and time frames and spent a lot of money on education but with limited success. For the most part, my lack of success has been down to my own lack of discipline. I now recognise that this has been a common thread throughout my life, which has affected my trading. However, I believe that with determination, belief and persistence you can find a system...
Terrific post, thank you so much for putting it up!
True Grit!
  • #77,826
  • Mar 19, 2017 5:56pm Mar 19, 2017 5:56pm
Quoting swc
I've been testing this strategy and I found by adding a 20EMA to the chart I've avoided taking losing trades. If the price has crossed the 5EMA and the TDI is set up as per the rules BUT the price has not crossed the 20EMA, I don't take the trade. Please see the screen shot of entries and exits below on GBPUSD 4h. I thought this may be useful. https://www.forexfactory.com/attachm...1&d=1489919133 {image}
Hindsight trading from 10 days ago means nothing. Can you drag your trades onto your chart from the Accounts History tab so that people can see your exact entries and exits.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #77,827
  • Mar 19, 2017 7:58pm Mar 19, 2017 7:58pm
Quoting swc
I've been testing this strategy and I found by adding a 20EMA to the chart I've avoided taking losing trades. If the price has crossed the 5EMA and the TDI is set up as per the rules BUT the price has not crossed the 20EMA, I don't take the trade. Please see the screen shot of entries and exits below on GBPUSD 4h. I thought this may be useful. https://www.forexfactory.com/attachm...1&d=1489919133 {image}
Quoting swc
Yes the 115 pip trade was not ideal but as I had a TDI kiss followed by a red HA and a close below my resistance, it took the trade. It was high risk though hence my trailing stop on this one. I was lucky.

Hi swc,

thanks for sharing your chart.

I did the same with my own back-tester and using the Price Action Channel as filter, that 115 pips trade entry is a valid one.
However, since I use the HA candles for the price action and also the real price bar, the exit rule would be to to Exit when the HA change colour.
Note that in this backtesting the TDI is the realtime version and we take the decision on the close of every price bar/HA candle. There will also be not re-painting.
Using this HA colour change, that Entry would have exited with +95pips profit.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD HA example.png Size: 54 KB



The use of the old PAC is one way to filter for better trades. It conservative trade entry, but Big E remove that PAC and he wanted to be aggressive in his entry and exits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,828
  • Mar 19, 2017 8:00pm Mar 19, 2017 8:00pm
Quoting swc
For people just starting out and looking to build confidence, I do not advocate breaking the rules and not sticking to the strategy. I've been trading for over 3 years, I've traded various strategies and time frames and spent a lot of money on education but with limited success. For the most part, my lack of success has been down to my own lack of discipline. I now recognise that this has been a common thread throughout my life, which has affected my trading. However, I believe that with determination, belief and persistence you can find a system...

An excellent post deserve mention and thumbs Up.
Several takeaway pointers.
Thank you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,829
  • Mar 19, 2017 8:19pm Mar 19, 2017 8:19pm
Quoting kih20633
hello everyone, I have a question! i haven't read the whole thread so it might sound ridiculous but anyway.. when you've entered a trade according to the system and you are in profit, but there is going to be a news announcement few minutes later... do you lock in the profit and get out of the trade right before the announcement????? or stay in the trade regardless of the news... by the way i am using 4hr timeframe.. i would appreciate your advice..

Hi,

when trading H4, it depends on several factors.
1) your own trading rules in your trading plan for entry and exit strategy.

2) if your exit strategy include exit before news/data release, then follow your own rules.

3) exit can depends on TIMING - the day and time of the trades, if trades are near to London close on Fridays, I usually close them all, but with one exception, i.e. when I can convert my 4H trades to D1 Position trades, I would keep them open to run into the following week.

4) if H4 trades are in profits and with profits locked, I look at the price action and see if I can stay and 'fight the news'. If I want to 'fight the news', the protective stop PS must not give back more than 50% of the floating profits. This is when In use the 2-days look back for for PS.

5) basic rules if follow the higher TF direction or trend if it is clear. H4 follow the W1 trend/direction.

A simple way is to study old charts and learn the market volatility on days when there were key news/data release. Look at the notorious NFP Days which is on the first Friday of the month. How often does NFP Friday reverses the Weekly trend/direction bias?
Do this for the currency pairs you want to trade and use this data and prepare your trading business plan.

.../
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,830
  • Mar 19, 2017 8:28pm Mar 19, 2017 8:28pm
Folks,

by the way,

its Monday and Japan bank holidays.

slow day, so less trading and do some backtesting on your own.

see how many trade opportunities there were last week that you have missed, learn from them. pictue them in your mind like Big E said " drive these into our brains" and it will become easier to see the trade setups when we look at our charts. With thousands hours chart time and live market practice, trading will become intuitive. That is our goal as traders,... intuitive trading, no hesitation to pull that buy/sell trigger.

example NZDUSD below,
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD backtesting w HA PAC.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,831
  • Mar 19, 2017 8:31pm Mar 19, 2017 8:31pm
Quoting rb077msk
{quote} it'll be great )

one of my favourite template is from Big E old thread, his 5-Method template where he had the old PAC is very light gray background.

there are other templates which I use to see what the herd are doing, will post them when I have time to to explain market scenario live.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,832
  • Mar 19, 2017 11:29pm Mar 19, 2017 11:29pm
So how does one use the 5&20 ema exactly? For direction?
  • #77,833
  • Mar 19, 2017 11:44pm Mar 19, 2017 11:44pm
Quoting emmanuel7788
{quote} one of my favourite template is from Big E old thread, his 5-Method template where he had the old PAC is very light gray background. there are other templates which I use to see what the herd are doing, will post them when I have time to to explain market scenario live.
Please post the 5-Method template if you are able to do that for us. Thank you in advance
True Grit!
  • #77,834
  • Mar 20, 2017 12:27am Mar 20, 2017 12:27am
Quoting emmanuel7788
Folks, by the way, its Monday and Japan bank holidays. slow day, so less trading and do some backtesting on your own. see how many trade opportunities there were last week that you have missed, learn from them. pictue them in your mind like Big E said " drive these into our brains" and it will become easier to see the trade setups when we look at our charts. With thousands hours chart time and live market practice, trading will become intuitive. That is our goal as traders,... intuitive trading, no hesitation to pull that buy/sell trigger. example...

Trade Management: Where to move Stop Loss?

using that NZDUSD H4 example, we have a H4 candle closed earlier.
Note that the broker server time was shifted nu one hour, so my H4 open candle is now GMT 0100, 0500, 0900, 1300,etc....

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 12 Mar 20 H4 trade management.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,835
  • Mar 20, 2017 12:31am Mar 20, 2017 12:31am
Quoting emmanuel7788
{quote} Trade Management: Where to move Stop Loss? using that NZDUSD H4 example, we have a H4 candle closed earlier. Note that the broker server time was shifted nu one hour, so my H4 open candle is now GMT 0100, 0500, 0900, 1300,etc.... {image}
What is PAC lower channel?
  • #77,836
  • Mar 20, 2017 12:42am Mar 20, 2017 12:42am
Quoting hards
{quote} Please post the 5-Method template if you are able to do that for us. Thank you in advance

Big E 5-Method template:
https://www.forexfactory.com/showthr...88#post4550488

If you want to use the PAC as filter, then simply add two 5SMMA one set to High and Low. This is the original synergy Price action Channel aka the 'yellow brick road'. This can help reduce our loss trades by 50%.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,837
  • Mar 20, 2017 12:43am Mar 20, 2017 12:43am
Quoting faatkumo
{quote} What is PAC lower channel?

pay attention to the details on that chart I posted.

the blue arrow points to the lower channel line of the PAC.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,838
  • Mar 20, 2017 1:00am Mar 20, 2017 1:00am
Quoting emmanuel7788
{quote} pay attention to the details on that chart I posted. the blue arrow points to the lower channel line of the PAC.
If trading H1:
To determine trend one must look at a trend timeframe indicator??
or should one click the H4 and D1 MT4 chart timeframe to confirm direction via HA candles???
  • #77,839
  • Mar 20, 2017 1:15am Mar 20, 2017 1:15am
I apologize to TMS traders for being out of topic but I can't stay quiet any longer.

Quoting emmanuel7788
TMS trading take top 2 spots in FF Trading Systems forum. Genesis fallen behind since 2011 is this what makes RJ so bitter? {image}
Quoting emmanuel7788
{quote} Thank you RJ. I dont even bother to read your lengthy post. coming from a Genesis Matrix trader. Good luck.
Quoting emmanuel7788
{quote} when I cherry pick, I pick the good ones for $5 per bucket. I don't waste my time. 5-Method is far better than Genesis Matrix. I made that correct decision to chose this Big E's 5-Method because I started in 2005 to wean myself out using so many technical indicators.
Emmanuel - Who do you think you are to criticize the Genesis method and all the people who have been involved in it? Do you see any of the old timers going from system to system? No. Do you know why? Because we did learn WAY more than just a system in this thread. I will be honest, I don't know you, but reading the last few pages made something clear to me: You, sir, need to learn RESPECT. I kindly invite you to go read the Genesis thread, it should help you starting your new thread on good term with your fellow traders, you will find plenty of examples of what "respect" mean.

Lets be clear, I'm not here to compare system. I just want to point out that you have been disrespectful on the back of a lot of good traders that I used to chat with on a daily basis.

I wish you best of luck in your future endeavor

Malouin
Attached Image (click to enlarge)
Click to Enlarge Name: boss-vs-leader-800x800.png Size: 908 KB
Slowly, but surely...
  • #77,840
  • Edited 1:39am Mar 20, 2017 1:26am | Edited 1:39am
It will never stop.
Some bright spark will post a non TMS subject and the almost every member will applaud him for bettering Trading Made Simple.
"Hey a new indicator." "Wow so much better then the 5-Method".
The newbie comes along see the approval the member received and follow the herd down the rabbit hole.

swc did you bother to read all of BigE's post before testing this method? Answer yes and you are not truthful to yourself and with member's in this forum.

Dowhow, what do you call members that disrespect BigE and his explicit instruction?

Emmanual, you should know better. We had a bitter "fight" about exactly the same problem? You are not going to start a new thread and neither will you stop posting non TMS topic's in TMS. "What is PAC lower channel?" does a question like that belong in Trading Made Simple?

hards, one post you say this thread is a cesspool, then you contribute to that cesspool.

Have been told in pm that member's are asking how to ban Tekkies from Trading Made Simple for his post's are disruptive.
Member's that what to learn about Trading Made Simple by BigE find indicator's and method's that are not TMS disruptive aswell.
When you use the right to post non Trading Made Simple indicator's and method's, the same right can and will be used to post this:
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 86 KB
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