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Trading Made Simple

  • #77,941
  • Mar 21, 2017 4:45am Mar 21, 2017 4:45am
Quoting emmanuel7788
{quote} you use your 5-Method basic template and save that template as a new template name "tester". every time you start and run strategy tester, it will automatically load your currency chart and use this "tester " template.
thanks
  • #77,942
  • Mar 21, 2017 4:46am Mar 21, 2017 4:46am
Quoting ensale
{quote} You have a template with them on saved right? if you do once you start back testing and the data starts moving, right click on the chart and select the template you normally use.. that should work..
thanks
  • #77,943
  • Mar 21, 2017 4:54am Mar 21, 2017 4:54am
Hards,

Few days ago you complained about this thread becoming a cesspool.

Quoting hards
{quote} Okay, so you have a Russian wife and you are trading from the Philippines? How does that work?
Do you think messages like these contribute to make it cleaner? If you really need to have this "crap throwing match" can you please spare the rest of us and take it private? Like a PM maybe?
  • #77,944
  • Mar 21, 2017 5:08am Mar 21, 2017 5:08am
Quoting emmanuel7788
{quote} You will get there but not before you pay some tuition money. I did for 10 years, paying tuition money using my salary. After 10 years, I got smart, smarter, ..... that is why I am here to tell you people this: Too much time is being spent on TDI and Stochastics, Too little time on Price Action and Support/Resistance.
You don't need Stochastics. You do need Price Action, you're right. But you don't need Support/Resistance levels. It's just a kind of using Pivots, bull shit too. On each timeframe you'll see different S/R levels, the same with Pivots....It is what you want to see my friends.... Does that make sense? Support and Resistance, come on, use your common sense! You don't need Multiple entries either....., you don't need EMA5 shift 2 or 3 or whatever... You don't need Fibonacci levels, you don't need lower timeframes or higher to compare or finding confirmation...... Why? By the way, these lower timeframes will kill you. Besides that, you have to sit in front of your monitor the whole day when you are trading on 1H, 15M or even faster. It generates a lot of stress. I will advice you to trade only on the Daily candle and the most easiest is finding a broker which closes the Daily Candle at 05.00 EST which is the same Sydney Opens or Tokyo + 2. When you do, you have always 5 Daily candles.

Try it for a couple of weeks or months on a DEMO and do it on EURUSD, GBPUSD, USDJPY, USDCHF, EURJPY, EURGBP, AUDUSD, USDCAD, NZDUSD and EURAUD.

Only TDI and Price Action Candles, try it for yourself. You are making it far too complicated with a lot of crappy indicators which will tell you absolutely nothing. These indicators pulling you away from triggering because you start to doubt, you get fear because all these indicators are confusing......

Quoting emmanuel7788
{quote}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 WINNING EDGE and the TDI is not in the winning edge equation.
You're right with these words, Money and Risk Management is very very important and finding your winning edge. Use only Price Action first, look at the first or second candle Heikin Ashin changing color and get in!!! Remember the words of Eelfranz concerning for how long these colors stays... 3-8......Look at the angle of crossing, this is important and when there is a crossing green/red for short and the level is near 32 than you can decide not to go in, the same for going long above or around level 68. When you are in Profit of 100 pips adjust your stoploss first at BE + 10. After that, watch the continuation of your trade day by day. Each time the position is increasing further move your Stopss at each 50 pips winning. When you enter the trade, the initial Stoploss is 200 or... the last Swing/High for short trades and the last Swing/Low for long trades. Maybe you get fear for using such a big stoploss? Yeah, you are trading on the Daily! Don't panic, the majority of your trades are ending in a win! One time a day you have to look for new setups or adjusting your Stoploss levels. Don't look too often during a day, it generates a lot of stress.

For the last time, don't make it too complicated!!! In the last two weeks I have made a lot of pips using these easy rules. I can proof it if you like. And maybe I am starting a new thread but I'm afraid I am getting so many questions about everything else than my own system and I don't want that.... But.....PM me if you are interested in a new thread and when there is enough interest maybe I will start a new thread and please Emanuel....... do not bother me with your way of trading or trying to make it even better than it already is! You are a good man, no doubt about that but you are making it all, and you are not the only one (!!) far too complicated.

Good day to you all and happy trading.
Keep it simple without too many crappy indicators!
  • #77,945
  • Mar 21, 2017 5:17am Mar 21, 2017 5:17am
any USDRUB traders here?
  • #77,946
  • Edited 6:51am Mar 21, 2017 6:28am | Edited 6:51am
Quoting emmanuel7788
{quote} You will get there but not before you pay some tuition money. I did for 10 years, paying tuition money using my salary. After 10 years, I got smart, smarter, ..... that is why I am here to tell you people this: Too much time is being spent on TDI and Stochastics, Too little 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 WINNING EDGE and the TDI is not in the winning edge equation.
emm can not agree with you.

In this method TDI is the winning edge.
It comes down to what you do with that winning edge. Are you going to blunt the edge by not paying attention to Price Action, Support / Resistance?
TDI is only an indicator that indicate the possibility of a trade. That is all what it does. Place a trade because TDI cross indicated so, will get the account depleted in no time. It is your action as an trader that matter after TDI indicated a trade, place a trade or walk away. Find reason's not to place a trade then the trade's you do place will be most of the time be profitable trade's

You as trader must know what is Price Action, S/R, what lot size to use, how much are you willing to risk. BigE has given member's a winning edge with this method. The member must decide if he want to blunt the edge or make it into winning cutting edge.

That is way BigE clearly stated that not knowing the basics of Forex trading go to babypips school to learn those subject and come back. That is why time is spend on TDI and Stochastics in this thread.
  • #77,947
  • Mar 21, 2017 6:35am Mar 21, 2017 6:35am
Quoting nanacarter
{quote} Yes. I tried using MT4 strategy tester. I don't know where to insert the TDI and the APB candle in the strategy tester. {image}
Use the F1 button it will give detail instruction how to use the strategy tester.
  • #77,948
  • Mar 21, 2017 6:50am Mar 21, 2017 6:50am
Hi Tekkies,

Quoting Tekkies
Money Management, Risk Management for entries and exits, When and How to Let Profits Run belong's in the new thread that you are going to start. Right!
I would disagree with you here. I think we all would only benefit from reading / learning about the money and risk management in this thread as long as we discuss it within the context of TMS trades.

TMS on its own and MM should not be viewed as counterparts, MM should compliment the system (TMS) and not be viewed as its substitution. In the same way without proper money management any system (even as great as TMS) will fail, so they both should be considered as two parts of the same entity. I guess this is what Big E meant when he was talking about "basic Forex stuff"...
  • #77,949
  • Mar 21, 2017 7:04am Mar 21, 2017 7:04am
Quoting Tekkies
{quote} emm can not agree with you.
It doesn't matter me at all! And it doesn't matter me if there are many who doesn't agree with me.

Quoting Tekkies
{quote}In this method TDI is the winning edge. It comes down to what you do with that winning edge. Are you going to blunt the edge by not paying attention to Price Action, Support / Resistance?
It's my way of trading with TDI / HA candles. Just as I explained it several times. Take it, leave it, or or do something else what you want to do. Nobody have to do what I do.

Quoting Tekkies
{quote}TDI is only an indicator that indicate the possibility of a trade. That is all what it does. Place a trade because TDI cross indicated so, will get the account depleted in no time. {quote}Yes, you're right when you trade like that, only TDI... You have to look also at Heikin Ashin Bars changing color at the same time green/red is crossing on the TDI. The best is the first Bar changing color, second one is also a good one. Look at the angle crossing of red/green and be careful when the crossing is < 32 for going short and > 68 for going long....
You have to do what you are thinking is the right decision to make. I agree with you for the most. Again, I am telling my point of view of trading. I am trading for many many years, almost on lower timeframes. It brings me nothing, big losses, a lot of stress and not sleeping very well. I am totally done with it. That's why I try to trade on the Daily Candle. And you know my friend Tekkies..... I am doing very well for the last two weeks
Keep it simple without too many crappy indicators!
  • #77,950
  • Mar 21, 2017 7:13am Mar 21, 2017 7:13am
Quoting michael_k
Hi Tekkies, {quote} I would disagree with you here. I think we all would only benefit from reading / learning about the money and risk management in this thread as long as we discuss it within the context of TMS trades. TMS on its own and MM should not be viewed as counterparts, MM should compliment the system (TMS) and not be viewed as its substitution. In the same way without proper money management any system (even as great as TMS) will fail, so they both should be considered as two parts of the same entity. I guess this is what Big E meant when...
Understood.
  • #77,951
  • Mar 21, 2017 7:15am Mar 21, 2017 7:15am
Quoting luvene
{quote}It doesn't matter me at all! And it doesn't matter me if there are many who doesn't agree with me. {quote}It's my way of trading with TDI / HA candles. Just as I explained it several times. Take it, leave it, or or do something else what you want to do. Nobody have to do what I do. {quote}You have to do what you are thinking is the right decision to make. I agree with you for the most. Again, I am telling my point of view of trading. I am trading for many many years, almost on lower timeframes. It brings me nothing, big losses, a lot of stress...
Wow.
emmanual had the right word's " No chart, No talk"
  • #77,952
  • Mar 21, 2017 7:19am Mar 21, 2017 7:19am
Hi Everyone,

I have been following this thread for months reading it since its inception up to a certain point as the thread is just too long.
I would like to get some advice on this method.
I have been demoing for months and I cant seem to get it right.
I am not sure if I am missing out anything or maybe I am just overthinking stuff.
I read above that only TDI signal and PA is crucial
When you mean PA do you mean to say that the Synergy bar candles must be ascending with with no lower wicks for candles #1 and #2 before you enter?
That is to say, if lets say a TDI cross occurs but the Synergy bar #1 or #2 is short and weak (maybe with a lower wick) you wont enter the trade?
I have even done a short checklist below and I hope the many experienced hands in this chat can take look and let me know if I am doing something wrong

1. Check for news
2. TDI Cross/Bounce
- Long (12-2 position)
- Short (4-6 position)
3. APB candles
-#1 or #2
4. Price Action
- Above or below 5EMA line?
5. Support/Resistance
- Near H4 or Daily S/R line?
6. Stochastic
-Does it confirm signal
- Bouncing off 30 - 70 line?
7. Higher Timeframe
- Does it confirm signal?
  • #77,953
  • Mar 21, 2017 7:38am Mar 21, 2017 7:38am
Hi everyone,

I'm new to the forum and I signed up when I read the first post from Eelfranz on creating a simple strategy which captured my frustrations accurately.

Could someone please kindly explain the strategy, indicators and settings and other useful information for me to get started in a simple way without complicating and confusing things.

Your help and response will be greatly appreciated.
  • #77,954
  • Mar 21, 2017 8:09am Mar 21, 2017 8:09am
Quoting Dempip
Hi everyone, I'm new to the forum and I signed up when I read the first post from Eelfranz on creating a simple strategy which captured my frustrations accurately. Could someone please kindly explain the strategy, indicators and settings and other useful information for me to get started in a simple way without complicating and confusing things. Your help and response will be greatly appreciated.
hi!
don't be lazy -- read and learn
  • #77,955
  • Mar 21, 2017 8:17am Mar 21, 2017 8:17am
Hi Dempip,

I am also new here, but I've read some of this thread and I am starting to test this method on a demo account. I will summarize the most important details I got so far, maybe some of the other members can help and give us some guidance.

 

  1. Use H4 time frame. I think some people are using H1 as well, but it is recommended to start with H4.
  2. I am using the template and indicators from this post: https://www.forexfactory.com/showthr...94#post4573194
  3. This thread will also help: https://www.forexfactory.com/showthread.php?t=292285
  4. I had to add the stochastic manually on my MT4, for some reason it was not loaded automatically.
  5. There are two Stochastics in those threads, Stochastic Color and Stochastic Slope, Stochastic Color comes with alerts and arrows.
  6. Entry rule: Green crosses Red on the TDI chart. If green is going up it's a BUY, if green is going down it's a SELL, as far as I understood.
  7. Exit rule: TDI goes flat.

  • #77,956
  • Mar 21, 2017 8:18am Mar 21, 2017 8:18am
Quoting Dempip
Hi everyone, I'm new to the forum and I signed up .....
Dempip,

learning Eric's TMS it's enough to read the first 650 pages / until around post 13,000.
Eric passed away at oct 2012 and the next 3,300 pages won't help if you aren't happy with the first 650.

Good luck
josch
trading is war - life is simple
  • #77,957
  • Mar 21, 2017 8:27am Mar 21, 2017 8:27am
Quoting Dempip
Hi everyone, I'm new to the forum and I signed up when I read the first post from Eelfranz on creating a simple strategy which captured my frustrations accurately. Could someone please kindly explain the strategy, indicators and settings and other useful information for me to get started in a simple way without complicating and confusing things. Your help and response will be greatly appreciated.
Sorry my friend, that's one of the reasons why I don't like starting a new thread/topic of my own. I really hate to explain each time the same issues, over and over again. I am not like Emanuel and it cost me a lot of time. Please, read my last replies in this topic.
Keep it simple without too many crappy indicators!
  • #77,958
  • Mar 21, 2017 8:36am Mar 21, 2017 8:36am
Quoting wildcard
Hi Everyone, I have been following this thread for months reading it since its inception up to a certain point as the thread is just too long. I would like to get some advice on this method. I have been demoing for months and I cant seem to get it right. I am not sure if I am missing out anything or maybe I am just overthinking stuff. I read above that only TDI signal and PA is crucial When you mean PA do you mean to say that the Synergy bar candles must be ascending with with no lower wicks for candles #1 and #2 before you enter? That is to say,...
1. Check for news
- Lower time news has major effect. H4 not some much. Do not entry trade before red news. When in profit lock in the profit, stay in the trade. Close the trade and take porfit or loss. How musch are you willing to risk. Check the news, know about them.
2. TDI Cross/Bounce
- Long (12-2 position)
- Short (4-6 position)
insert where is level 32 / 69
3. APB candles
-#1 or #2
correct.
4. Price Action
- Above or below 5EMA line?
conservatively way of trading.
What about candel's and wick's?
5. Support/Resistance
- Near H4 or Daily S/R line?
Would say any support line. Why only those two. What about Weekly and Monthly?
6. Stochastic
-Does it confirm signal
- Bouncing off 30 - 70 line?
Only used for direction only
7. Higher Timeframe
- Does it confirm signal?
You mean direction?
Use the time frame to find the overall direction. Zoom out for long term, Zoom in to normal size for short term.
  • #77,959
  • Mar 21, 2017 8:37am Mar 21, 2017 8:37am
Quoting emmanuel7788
Here is a test of how good some of you are at Price Action reading. Look at this EURUSD H4 chart below , there was a super trade setup, see if you can recognise that PA. Big E was right when he said, look at big candles and small candles, but he never gave any names to patterns which is a common thing in PA trading. {image}
Hi Emmanuel,

That is a PopGun pattern. Is a PopGun pattern usually super?

Thanks,

Okoso
  • #77,960
  • Mar 21, 2017 8:43am Mar 21, 2017 8:43am
Here some proofs. This is the situation at the moment a few minutes ago. You can see the Terminal opening positions, time, etc. One trade on the GBPUSD I closed yesterday because of reaching the Stoploss level which was adjusted for the second time. Unfortunately at the moment GBPUSD is increasing more and more. You can't have them all. EURUSD is going well. Don't make it complicated, not needed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 21MARCH.png Size: 155 KB
Click to Enlarge Name: GBPUSD_20March_STOPPEDOUT.png Size: 99 KB
Keep it simple without too many crappy indicators!
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