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Trading Made Simple

  • #78,701
  • Edited 1:54am Apr 10, 2017 1:39am | Edited 1:54am
...GU seems to be on a slightly sideways trend but with a TDI curve at the moment... more on a bullish side though

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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,702
  • Apr 10, 2017 1:42am Apr 10, 2017 1:42am
Quoting emmanuel7788
{quote} that chart is still the same. you do not understand the conditions of the buy setup bar/Ha candle. your entry level is wrong. your exit level is also wrong. you do not understand even a simple mechanical trading method based purely on technical indicators - HA candle, PAC and the TDI. if mechanical trading method is not simple without any human discretion, then I don't know what is to help you learn. and byt the way, this is D1 chart trading which Big E started to test in 2011 and never got around to post his results. We tested it with Big...
Well emmanuel then you can go to this thread and get all the help you want. https://www.forexfactory.com/showthread.php?t=334035

Again you are hijacking this thread with some other topic again. How much time have you spend here in this forum where you could have used it to start that new thread.

You know that one you said you are going to start a couple of post back.
  • #78,703
  • Apr 10, 2017 1:49am Apr 10, 2017 1:49am
Quoting Malony
{quote} So what was your entry and exit level? Plain and simple. My exit level is same as yours.

You need to learn to use the word "Please".....
and two words "Thank you"
and three words 'I am sorry".

look at the yellow arrow, that is the setup trade alert. Entry is the next bar/HA candle. You can enter on the Open of that bar or any hour after that.

next thing people would ask, do I have an trade alert indicator for that? YES and it send email alert too.

I have also the TMS Monitor version under development final tests for monitoring multiple pairs and send email alerts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,704
  • Apr 10, 2017 1:51am Apr 10, 2017 1:51am
Quoting pips29
{quote} what's the reason you reversed and took short if you don't mind me asking?
After my Long entry's TS or stop got hit... I perceived a short term reversal or break of a trend channel during the London session or before US session opens up. However, I can simply re-enter if the price shows otherwise on the bearish side or bullish side. ...for now, waiting for a good probability setup.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,705
  • Apr 10, 2017 1:53am Apr 10, 2017 1:53am
the problem with trading the 4 hour or higher time frame is it allows traders plenty of time to argue..I think it would be less noisy on the 5 or 15 min threads
the cautious seldom err....C
  • #78,706
  • Apr 10, 2017 1:54am Apr 10, 2017 1:54am
Quoting v2vboni
{quote} After my Long entry's TS or stop got hit... I perceived a short term reversal or break of a trend channel during the London session or before US session opens up.
thanks
the cautious seldom err....C
  • #78,707
  • Edited 3:39am Apr 10, 2017 2:01am | Edited 3:39am
Quoting pips29
the problem with trading the 4 hour or higher time frame is it allows traders plenty of time to argue..I think it would be less noisy on the 5 or 15 min threads
Yes, it does... with D1, W1 & MN1 ...a lot of guys posting the kind of charts with different setup of patterns in other threads (e.g. Harmonics... etc.)... it just takes time to validate such perceive price movement.

Each trader with a short or long term TF approach have his/her own reasons, valid for them and invalid for the others.

...you as an example saying "I think it would be less noisy on the 5 or 15 min threads"
but on a contrary, others would say "I think it would be less noisy on higher TF"...

and some others would say "What price doing on higher TF, the same goes with lower TF"

...in someway, it combines with checking higher TF for confluence but the entry validates on lower TF price movement.
or checking the lower TF and see if the higher TF does the same as well.

It changes from one trader to another as it depends on lot sizing or position sizing together with account equity size that affects your perceive target pips or target amount gain or your perceive SL. For examle, the OPs trade full lots, and he's done with 50+ pips for a day. TMS-5 methods fits him well. Others was not totally successful with TMS-5 method because of this type of reason alone by simply comparing the narratives of each trading account who tries this method. Also, if you noticed, some created another thread who follows TMS before but trades with multiple smaller lots (other reason, capital preservation) or trade on higher time frames or simply trade on smaller time frames only with added confluence of divergence or pivots. Thus, this is one of the reasons why there are others not satisfied with TMS-5 method alone. For example, when the OPs trade is at +15pips, he sometimes moves his SL to +5pips already. his trade is in full lots and your trade is in 0.05 only or 0.10 as example. He gains more than you in case his trade went the other way. In short, You really need to straighten out your perceive targets or expectations in using this TMS-5 method strictly with OP rules

In the end, it all comes whichever works for you
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,708
  • Apr 10, 2017 2:03am Apr 10, 2017 2:03am
Quoting emmanuel7788
{quote} that chart is still the same. you do not understand the conditions of the buy setup bar/Ha candle. your entry level is wrong. your exit level is also wrong. you do not understand even a simple mechanical trading method based purely on technical indicators - HA candle, PAC and the TDI. if mechanical trading method is not simple without any human discretion, then I don't know what is to help you learn. and byt the way, this is D1 chart trading which Big E started to test in 2011 and never got around to post his results. We tested it with Big...
Quoting Malony
{quote} So what was your entry and exit level? Plain and simple. My exit level is same as yours.
Hi Malony,

I think you may have misunderstood the chart. It confused me a bit at first. Emmanuel entered at the yellow arrow, not the red and green one. He has been backtesting the moderate entry TDI condition.

Moderate This can be your choice, it is 'safer' and most profitable
Long = Green over Red, Yellow, & 50 lines
Short= Red over Green, Green below Yellow & 50 line

There are actually two set of backtesting on that chart. The other one is based on the red and green arrow.

For the red and green arrow, it is based on a different set of entry condition, which is price above PAC channel and close above some recent swing level based on close price to warrant not trading into some s/r. Exit for this set of backtesting is sometimes based on HA color change, and sometimes take profit level placed at the recent swing level based on close price.
  • #78,709
  • Apr 10, 2017 2:05am Apr 10, 2017 2:05am
Quoting pips29
the problem with trading the 4 hour or higher time frame is it allows traders plenty of time to argue..I think it would be less noisy on the 5 or 15 min threads
  • #78,710
  • Apr 10, 2017 2:06am Apr 10, 2017 2:06am
Quoting emmanuel7788
{quote} You need to learn to use the word "Please"..... and two words "Thank you" and three words 'I am sorry". look at the yellow arrow, that is the setup trade alert. Entry is the next bar/HA candle. You can enter on the Open of that bar or any hour after that. next thing people would ask, do I have an trade alert indicator for that? YES and it send email alert too. I have also the TMS Monitor version under development final tests for monitoring multiple pairs and send email alerts.
Do you think only me is reading what you trying to do here? When this is your entry you clearly enterd against the you own rules. In the PAC with small HA on a flat TDI.

Furthermore you said my exit is wrong. But its the same as yours. Trying to disresepect people over the own mistakes is not very nice. Nor promising something what never will happen. Everbody should draw their conclusion what kind of teacher you are.


I dont care for your strange indicators nor i asked for them.
Newbies be warned of emmanuel7788. Hes not true.
  • #78,711
  • Apr 10, 2017 2:13am Apr 10, 2017 2:13am
Quoting Malony
{quote} Do you think only me is reading what you trying to do here? When this is your entry you clearly enterd against the you own rules. In the PAC with small HA on a flat TDI. Furthermore you said my exit is wrong. But its the same as yours. Trying to disresepect people over the own mistakes is not very nice. Nor promising something what never will happen. Everbody should draw their conclusion what kind of teacher you are. I dont care for your strange indicators nor i asked for them.
No PAC is actually a different set of backtesting.

The PAC backtesting rule is the red and green arrow. The moderate backtesting rule is based on the yellow arrow. emmanuel is referring to the moderate backtesting rule. You can see that for the two entries, although candle is in PAC, its tdi is below 50 and red and yellow, which satisfy the moderate condition. You can refer to my post above.
  • #78,712
  • Apr 10, 2017 2:23am Apr 10, 2017 2:23am
Quoting Malony
{quote} Do you think only me is reading what you trying to do here? When this is your entry you clearly enterd against the you own rules. In the PAC with small HA on a flat TDI. Furthermore you said my exit is wrong. But its the same as yours. Trying to disresepect people over the own mistakes is not very nice. Nor promising something what never will happen. Everbody should draw their conclusion what kind of teacher you are. I dont care for your strange indicators nor i asked for them.

Folks,

I never claimed to be the teacher here.

Read my post:
https://www.forexfactory.com/showthr...67#post9714167

I have no commercial interest to be coach here.
I am here to share what I do testing the D1 chart trading both back-testing and forward testing in loive market condition. What you see is what you get. No hindsight trading and posting of winning trades only.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,713
  • Apr 10, 2017 2:26am Apr 10, 2017 2:26am
Quoting antonym
{quote} {quote} Hi Malony, I think you may have misunderstood the chart. It confused me a bit at first. Emmanuel entered at the yellow arrow, not the red and green one. He has been backtesting the moderate entry TDI condition. Moderate This can be your choice, it is 'safer' and most profitable Long = Green over Red, Yellow, & 50 lines Short= Red over Green, Green below Yellow & 50 line There are actually two set of backtesting on that chart. The other one is based on the red and green arrow. For the red and green arrow, it is based on a different...

Read this post:
https://www.forexfactory.com/showthr...53#post9728353

...'the establish trend'

Now we have all three preconditions. Do we need more and complicate the SMART way to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,714
  • Apr 10, 2017 2:29am Apr 10, 2017 2:29am
Quoting antonym
{quote} {quote} Hi Malony, I think you may have misunderstood the chart. It confused me a bit at first. Emmanuel entered at the yellow arrow, not the red and green one. He has been backtesting the moderate entry TDI condition. Moderate This can be your choice, it is 'safer' and most profitable Long = Green over Red, Yellow, & 50 lines Short= Red over Green, Green below Yellow & 50 line There are actually two set of backtesting on that chart. The other one is based on the red and green arrow. For the red and green arrow, it is based on a different...

or you can try Big E's way he mentioned.

take the trade when TDI cross and exit when the TDI cross in the opposite direction. This would be easiest to back test using the xTDI cross EA.

https://www.forexfactory.com/showthread.php?t=349418
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,715
  • Apr 10, 2017 2:33am Apr 10, 2017 2:33am
Quoting antonym
{quote} {quote} Hi Malony, I think you may have misunderstood the chart. It confused me a bit at first. Emmanuel entered at the yellow arrow, not the red and green one. He has been backtesting the moderate entry TDI condition. Moderate This can be your choice, it is 'safer' and most profitable Long = Green over Red, Yellow, & 50 lines Short= Red over Green, Green below Yellow & 50 line There are actually two set of backtesting on that chart. The other one is based on the red and green arrow. For the red and green arrow, it is based on a different...
Hi antonym - Apology for using your post and in using you as example.

Those TDI condition are from E.A.S.Y.Method.pdf Dean Molany
Are you here to learn Trading Made Simple by BigE or how Dean Molany used TDI or how emmanual is learning to trade D1 with Dean Molany rules.
BigE's thread + BigE post.
#51
Dean Malone @ www.compasfx.com trades a similar method but it's very conservative... too slow for me and I had to pass on a lot of pips using his rules and he trades 15 min charts which I don't like...
If you want the Original TDI Indicator and HA candle indicator (Average Price Bars) go to the site above. They are free downloads. You can remove what you want...
Dean invented the TDI... and I removed all the extra lines to make it easy to look at and trade... same thing with his Synergy charts... I kept eliminating all the extras until we got down to what I trade now... no fluff. His charts and TDI are too busy for me... I like simplicity... He doesn't use the TDI the same way I do either
#261
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...
The TDI is the heart of our method.
It tells you when to enter and where to exit any trades... so review previous posts and learn it good.
HA Candles are important because it makes your trading way less stressful... use them.
Stochs is nothing but confirmation. If Stochs & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.
5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if your head computer was right... it's free.
HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to sup/res levels... use your brain!
Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...

When a chart is confusing, the best action is to walk away.
  • #78,716
  • Apr 10, 2017 2:36am Apr 10, 2017 2:36am
How do I ignore the Talibans?
  • #78,717
  • Apr 10, 2017 2:42am Apr 10, 2017 2:42am
Quoting emmanuel7788
{quote} Read this post: https://www.forexfactory.com/showthr...53#post9728353 ...'the establish trend' Now we have all three preconditions. Do we need more and complicate the SMART way to trade.
Would it be possible to explain the other two preconditions? My understanding of the 2nd precondition is that price should close above some recent levels, or should not be in WRB/MC consolidation. But I am unable to figure out the third. I have read the posts by bigE from 2011 Jan to Jun.
  • #78,718
  • Apr 10, 2017 2:44am Apr 10, 2017 2:44am
Quoting v2vboni
{quote} Yes, it does... with D1, W1 & MN1 ...a lot of guys posting the kind of charts with different setup of patterns in other threads (e.g. Harmonics... etc.)... it just takes time to validate such perceive price movement. Each trader with a short or long term TF approach have his/her own reasons, valid for them and invalid for the others. ...you as an example saying "I think it would be less noisy on the 5 or 15 min threads" but on a contrary, others would say "I think it would be less noisy on higher TF"... and some others would say "What price...
I think you got me all wrong...when I said "less noisy" I meant you won't have the time to argue as you need to concentrate with smaller time frames
the cautious seldom err....C
  • #78,719
  • Apr 10, 2017 2:50am Apr 10, 2017 2:50am
Quoting leeeta
How do I ignore the Talibans?
Easy click on my profile. It will take you to my profile. Click the ignore button.
Some where after many week's / month's you will understand these word's
"If you add other things it will influence your decisions... usually to your detriment. Don't try to complicate it thinking it can't be this easy."
"Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything...don't complicate it."
  • #78,720
  • Apr 10, 2017 2:50am Apr 10, 2017 2:50am
Quoting leeeta
How do I ignore the Talibans?

seriously, we should not ignore them.
we co-exist and learn to live with tolerance.
we overcome them with our love and compassion, that will win their hearts and minds.
but it takes time, a lot of time.
how much time? I don't know.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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