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Trading Made Simple

  • #78,961
  • Apr 14, 2017 7:25pm Apr 14, 2017 7:25pm
Quoting eelfranz
The question was concerning why not enter on candle # 3. In this example the TDI indicates taking the trade on candle # 1. Had you entered on candle # 3 you would have been two candles late for the CORRECT ENTRY. Because a reversal normall runs 3-8 candles we were fortunate it has run so many candles... The idea about entering on candle 1 or 2 if you get the TDI signal is if it only goes 3 candles you should get on average at least some profit... especially on higher time frames. {image}

Folks,

It's weekend time and when I was a newbie trader, I spent most of my weekend free time reading and studying Big E posts and his training chart.
This trading chart in the post#142 is one which I made comments and learn to apply price action and support/resistance and also to see consolidation using the price bars with the HA candles.

my conclusions are -
1) we do not need to enter a reversal in HA candles 1 and 2. We can enter the new trend after the reversal and the new trend is established. We see the new trend by looking at the the price action ( both the price bar and the HA candles and the TDI Green over the Red. Notice the space between the Green line and the Red line. If you enter a reversal using HA candles 1 and 2 and there is resistance above, your trade will be more risky. You need to mitigate those risks.

2) observe the strength of the price trend when it move to above the OverBought OB levels, both on the Stochastics and the RSI(TDI). Reading the price action will help you decide to stay in the trade even when the HA candles are in the OB regions.
Note: The member Mehdi is right with his Method_1. He obviously is one who had spent a lot of his time studying his charts and came up with his methods following Big E posts.

3) Do yourself a favour, make sure you have the 5EMA, Typical Price, Shift+3 on your charts. Use that to decide on the setup candle. The setup candle is the HA candle which closes above the 5EMA for Buy and close below for Sell. Use the TDI Yellow line as Big E had recommended and if that give you more confidence to trade.

4) You can also consider to use the original Price Action Channel. Using the two 5 Smoothed MA, one set to High price and the other set to Low price. This should help you pick better trades when the PA is above or below the PAC. Use the opposite side of the PAC as your trailing stop distance.

Spend your time to read and study Big E's posts/training chart. Make sure you write your own notes. When you read his posts replying to another members post/questions/charts, you must also read the members posts/question/chart. When you pay more attention to these, you will learn that there are are some discretionary decisions and not just blindly following the basic entry and exit rules like in Post#6.

Have a good weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E training chart Post142.png Size: 262 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,962
  • Apr 14, 2017 7:49pm Apr 14, 2017 7:49pm
Quoting Tekkies
{quote} The size of the account does not matter. When applying the same method on a small account or a big account the result's will be the same. How do you know I will not trade that way emmanuel? That is how I am learning now to trade and this how I like to trade. Why change.? Trading robot EA? That is BigE's view point. I see where that come's from. You think I am using a expert advisor to trade for me. Well emmanuel I am not that good programmer to write profitable EA neither do I have the buck to hire a programmer or buy a EA. And If I was...

You posted an EA name TMS Pipsmaker in this thread.
https://www.forexfactory.com/showthr...51#post9577451


In several of your posts in this TMS thread, you obviously posted many trades done using this expert advisor. Member Lookleft spotted them easily.

Whether you are a good programmer or not I shall not be the judge.
I know the magic number 8585.... LOL.
your order handling structure is revealing.

You are a smart bloke acting like a 'newbie'. Be honest.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,963
  • Apr 14, 2017 8:11pm Apr 14, 2017 8:11pm
Quoting Tekkies
{quote} Come on Rock, did you miss the post where he has more then one lot on a trend https://www.forexfactory.com/showthr...34#post4580234 I'll add additional lots as the trade is in progress..

next time you can simply provide Big E post link or at least quote his complete paragraph and/or sentence.

<quote>
...
The only reason I deposited that amount is because I trade full lots and some trades have 2-4 lots on a trade... or I'll add additional lots as the trade is in progress.. no big deal...

...
<unquote>
When you simply cut out a short phrase out of that paragraph, anyone can interpret that in any way they want.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,964
  • Apr 14, 2017 8:15pm Apr 14, 2017 8:15pm
Quoting emmanuel7788
{quote} next time you can simply provide Big E post link or at least quote his complete paragraph and/or sentence. <quote> ... The only reason I deposited that amount is because I trade full lots and some trades have 2-4 lots on a trade... or I'll add additional lots as the trade is in progress.. no big deal... ... <unquote> When you simply cut out a short phrase out of that paragraph, anyone can interpret that in any way they want.
Sent you PM.
Time always comes before price
  • #78,965
  • Apr 14, 2017 8:29pm Apr 14, 2017 8:29pm
Quoting fxrabbi
{quote} Sent you PM.

ok. will reply this weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,966
  • Edited Apr 15, 2017 1:14am Apr 14, 2017 11:03pm | Edited Apr 15, 2017 1:14am
Quoting ReverseFlash
{quote} He has just basically admitted, he's not trading exactly like Big E but with the way he understands Big E's posts individually like #647 lol Problem is: will it be helpful for a new member to follow the advice from someone who interpret BigE's posts the next way: {quote}{quote} Member Tekkies quoted a post from Big E thinking he was talking about trading Divergence but Tekkies did not notice that actually eelfranz was only replying to another member which nickname is Divergence LOL LOL https://www.forexfactory.com/divergence Question...
ReverseFlash
You should read that post slowly, carefully and try spell each word so that you can understand them. You will notice that Divergence or divergence is still not part of TMS.

How about some chart's with TMS trading. For a member with such expert knowledge about Trading Made Simple you have so far not posted one.
  • #78,967
  • Edited Apr 15, 2017 1:55am Apr 14, 2017 11:34pm | Edited Apr 15, 2017 1:55am
Quoting emmanuel7788
{quote} You posted an EA name TMS Pipsmaker in this thread. https://www.forexfactory.com/showthr...51#post9577451 In several of your posts in this TMS thread, you obviously posted many trades done using this expert advisor. Member Lookleft spotted them easily. Whether you are a good programmer or not I shall not be the judge. I know the magic number 8585.... LOL. your order handling structure is revealing. You are a smart bloke acting like a 'newbie'. Be honest.
Thanks for the compliment.
Are you complaining about a expert advisor that is posted in South African Traders thread? It is against the OP wish to talk about expert advisor and indicators in this thread. Been working on that EA for many month's. Did you notice how accurate his brother the indicator place those none repainting arrow's.
You should also refer to this post:
https://www.forexfactory.com/showthr...39#post9513539

Quoting emmanuel7788
{quote} next time you can simply provide Big E post link or at least quote his complete paragraph and/or sentence. <quote> ... The only reason I deposited that amount is because I trade full lots and some trades have 2-4 lots on a trade... or I'll add additional lots as the trade is in progress.. no big deal... ... <unquote> When you simply cut out a short phrase out of that paragraph, anyone can interpret that in any way they want.
It still mean the same.
TheRock: You have about 10 trades per set up.
BigE: I'll add additional lots as the trade is in progress
  • #78,968
  • Apr 15, 2017 1:49am Apr 15, 2017 1:49am
Quoting Tekkies
{quote} Thanks for the compliment. Are you complaining about a expert advisor that is posted in South African Traders thread? It is against the OP wish to talk about expert advisor and indicators in this thread. Been working on that EA for many month's. Did you notice how accurate his brother the indicator place those none repainting arrow's. {quote} It still mean the same. TheRock: You have about 10 trades per set up. BigE: I'll add additional lots as the trade is in progress
You showed only a handful of your TMS trades to look successful with it.

Link your account to trade explorer or myfxbook so we can see the ones that lost you money and keep it linked so we can see how it goes negative.

TMS does need something else.

I am watching Emmanuel to see if he stays profitable as he always has been in the past and if he is. I will religiously learn ME/ME and everything he's taught.

But before I blind follow anything, I need to see proof.

It's like if you invest in a managed account, you wouldn't give your money away if there is no proof of trading success.

Same thing here, people will not give their time away if there is no evidence of success.
  • #78,969
  • Apr 15, 2017 2:27am Apr 15, 2017 2:27am
Too many rules........... too complcated............. I told it several times but you have to do what you want to do.
and...... you see what you want to see in charts...............Think about that.

My rules :

1. Trade only on D1 candle.
2. Indicators : Heikin Ashin 1st or 2nd PA candle accordingly with TDI crossing green/red
No other crappy indicators or other bullshit like EMA shi(f)t whatever, Multiple entries, Stochastics...................., PAC..........

In fact that's it, you can filter possible enties below with rules 3, 4 and 5

3. Special attention if crossing does not have a so called sharp angle
4. Specal attention if crossing takes place for LONGS > 65-70 and for SHORTS < 30-35
5. Attention at the yellow line of the TDI.

Stoploss 200 pips or last swing/high and/or swing/low
No fixed Take Profit.

If in favor after a certain amount of pips you can adjust your initial Stoploss at Break Even or whatever you like.
Example : after 100 pips BE+10, after 150 adjusting to 80, etc. etc.
Of course you can use a trailstop too, in any case use your common sense.

Remember BigE thoughts about the colouring Price Action HA candles after changing color. 3-8.

You can't avoid some losing trades. Let your profits run.

Good luck everybody.
Keep it simple without too many crappy indicators!
  • #78,970
  • Apr 15, 2017 3:46am Apr 15, 2017 3:46am
Quoting luvene
Too many rules........... too complcated............. I told it several times but you have to do what you want to do. and...... you see what you want to see in charts...............Think about that. My rules : 1. Trade only on D1 candle. 2. Indicators : Heikin Ashin 1st or 2nd PA candle accordingly with TDI crossing green/red No other crappy indicators or other bullshit like EMA shi(f)t whatever, Multiple entries, Stochastics...................., PAC.......... In fact that's it, you can filter possible enties below with rules 3, 4 and 5 3. Special...

@Luvene,

Obviously you do have a very strong believe in how to trade the D1 chart timeframe. Many members here with day jobs are interested to trade the D1 chart and I am sure they are keen to learn from you. I am sure you want to help us since you made this post.

Please explain your rules 3), 4) and 5) with some chart examples what you mean.

3) how do you define as sharp angle?

4) when you say special attention if crossing take places for LONGS > 65 -70 and for SHORTS < 30-35, what exactly do you mean?

5) what attention to be given at the Yellow line MBL of the TDI?

Also please share with us your trading results for the past 12 months.
Demo or Live does not matter, but we want to know for example,
- the number of trades done,
- the currency pairs traded,
- win-loss ratio,
- average pips won per winning trade,
- average pips loss per losing trade,
- the duration of trades ( number of days)

These sort of data can be easily extracted using either Trade Explorer or myFxbook.
Would you consider showing your Trade Explorer in this thread? No obligations, but would be convincing to others reading this post of yours.

Thank you.

Emmanuel
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,971
  • Edited 5:52am Apr 15, 2017 4:02am | Edited 5:52am
Quoting TheRock
{quote} You showed only a handful of your TMS trades to look successful with it. Link your account to trade explorer or myfxbook so we can see the ones that lost you money and keep it linked so we can see how it goes negative. TMS does need something else. I am watching Emmanuel to see if he stays profitable as he always has been in the past and if he is. I will religiously learn ME/ME and everything he's taught. But before I blind follow anything, I need to see proof. It's like if you invest in a managed account, you wouldn't give your money away...
Hi Rock.
Can open trade explorer, it is no big deal. Got nothing to hide. It will only show that I am a struggling trader that is learning to trade the way BigE has laid it out. That I have stopped making excuse and have taken responsibility for my account, found a method that is working, making a lot of stupid mistakes learning that method.

Have notice that when the principles of Trading Made Simply have been applied TMS has a positive effect on the account and because of that positive effect been posting negative post's in this thread against member's adding / change / altering Trading Made Simple so that new member's to this thread can also find that positive effect for them self. When I follow my own rules (which is has no rules) or the advice of other members the account suffer.

A member's trade explorer, mine or emmanuel's or any other member's trade explorer is not going to give you what you are seeking Rock. Learning a method to follow it blindly based on some result's in a trade explorer will not make you a successful trader.

Yes TMS does need something else.
- ability to follow a set of rules.
- discipline to follow those rules.
- common sense
- control fear
- control greed
- analyzing paralyzing
(emmanaul has posted a lot of books about those type thing's)

Those things you will not find in any method. Those thing's you will only find in yourself or find that you lack them. Until then you will be stuck in public forum's hoping that some trade explorer will give proof that a method has the potential to be profitably.

Quoting TheRock
{quote}But before I blind follow anything, I need to see proof.
Here is some chart's to show you that a member's trade explorer mean's nothing
Got 4*trades open. All of them is in a massive negative balance's for a small account.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 43 KB

Should I
- close them
"cut your loses short". Trade Explorer will show a huge down trend"
- add to a deposit to the account to carry the draw down
Trade explorer will not reflect that deposit in the graphic chart.
- wait that the market take those orders's back into profit
Trade Explorer will show a uptrend.
I waited. Which is a very stupid thing to do. If that trend did not go down I would have blown a other account. So it is safer to close a trade when green goes flat.
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4aaa.png Size: 88 KB
  • #78,972
  • Apr 15, 2017 6:30am Apr 15, 2017 6:30am
Quoting Lookleft
{quote} Hi Dempip, As Tekkies mentioned the original indicators and template are on post #25. If you are just starting out you should stick to trading the major pairs such as EURUSD, AUSUSD, GBPUSD, USDJPY and possibly EURJPY. You'll also need a basic knowledge of Price Action and Support and Resistance as blindly following the instructions in the often quoted post #647 and trading every TDI cross will get you no where. You can use any broker that provides MT4 but it would be best to pick one with a server time of GMT +3 which most of the bigger...


Hi Guys,

Grateful to all the support and help in getting me started with the TMS strategy. I have downloaded the FXCM MT4 platform and installed the TDI red green indicator. Can any one please advise on how to install the TDI alert.mq4 file and the stochastic_color_v1.02classicC.mq4 file. Could you please also advise on the difference between the stochastic_color_v1.02classicC.mq4 file and the stochastic_color_v1.02classicC.ex4 file and if both are to be installed.

Thanks.
  • #78,973
  • Apr 15, 2017 6:33am Apr 15, 2017 6:33am
Quoting Dempip
{quote} Hi Guys, Grateful to all the support and help in getting me started with the TMS strategy. I have downloaded the FXCM MT4 platform and installed the TDI red green indicator. Can any one please advise on how to install the TDI alert.mq4 file and the stochastic_color_v1.02classicC.mq4 file. Could you please also advise on the difference between the stochastic_color_v1.02classicC.mq4 file and the stochastic_color_v1.02classicC.ex4 file and if both are to be installed. Thanks.


One last question. How would you know if a broker has a server time of GMT +3 and what does this mean?
  • #78,974
  • Edited 9:17am Apr 15, 2017 7:53am | Edited 9:17am
What do you guys think of the below setup on EURAUD Daily?
Some support ahead but momentum seems good. Love the cross and APB candle size.

However, i am worried about the Head and Shoulders formed, right shoulder being higher than left one, also last 3 lows have been higher lows.


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Setup.PNG Size: 62 KB
focus, manage risk, rinse, repeat
  • #78,975
  • Apr 15, 2017 9:41am Apr 15, 2017 9:41am
Quoting bill992
What do you guys think of the below setup on EURAUD Daily? Some support ahead but momentum seems good. Love the cross and APB candle size. However, i am worried about the Head and Shoulders formed, right shoulder being higher than left one, also last 3 lows have been higher lows. {image}
Test luvene rules.
https://www.forexfactory.com/showthr...05#post9689805
https://www.forexfactory.com/showthr...45#post9765045
He has previously posted result's of his method on D1
https://www.forexfactory.com/showthr...48#post9648748
https://www.forexfactory.com/showthr...03#post9690903
  • #78,976
  • Apr 15, 2017 9:41am Apr 15, 2017 9:41am
@ Emmanuel and others.

I am not going to repeat over and over again the same rules for many years now and I don't have proofs over the last 12 months with my fx.book or something like that. I am doing this now for two months and it brings me a lot of pips. I received many PM's from members who are interested and they like the way I am trading.
Try it for yourself on a demo account or trade for real with 0.01 lotsize.

Read my relevant replies below about this way of trading and the way I do on the D1. This is the very last reply of me in this thread.

Good luck everybody.

https://www.forexfactory.com/showthr...05#post9689805
https://www.forexfactory.com/showthr...15#post9690315
https://www.forexfactory.com/showthr...03#post9690903
https://www.forexfactory.com/showthr...02#post9691502
https://www.forexfactory.com/showthr...60#post9711160
Keep it simple without too many crappy indicators!
  • #78,977
  • Apr 15, 2017 9:49am Apr 15, 2017 9:49am
Hi Bill,

Quoting bill992
What do you guys think of the below setup on EURAUD Daily? Some support ahead but momentum seems good. Love the cross and APB candle size.
For what is worth, I was considering this trade myself. Your screenshot is taken at the end of the day candle, if you entered at the candle open it would have made you about 100 pips. In the end I did not take this trade because I have a UJ trade running with an open risk, but overall it looks like a good D1 setup.

Quoting bill992
However, i am worried about the Head and Shoulders formed, right shoulder being higher than left one, also last 3 lows have been higher lows.
True, that is something to consider. Just set your risks right and you should be fine.
  • #78,978
  • Apr 15, 2017 9:58am Apr 15, 2017 9:58am
Hi Dempip,

Quoting Dempip
{quote} Hi Guys, Grateful to all the support and help in getting me started with the TMS strategy. I have downloaded the FXCM MT4 platform and installed the TDI red green indicator. Can any one please advise on how to install the TDI alert.mq4 file and the stochastic_color_v1.02classicC.mq4 file.
I personally do not use the Stochastics but in theory you install them the same way you installed the TDI.

Since you are with FXCM you are also not limited to MT4 only, you can also use Trading Station which also has TDI available through FxCodebase. I personally find TS much better and user friendlier than MT4.

Anyway, good luck with your TMS trades!
  • #78,979
  • Apr 15, 2017 12:06pm Apr 15, 2017 12:06pm
Quoting michael_k
Hi Dempip, {quote} I personally do not use the Stochastics but in theory you install them the same way you installed the TDI. Since you are with FXCM you are also not limited to MT4 only, you can also use Trading Station which also has TDI available through FxCodebase. I personally find TS much better and user friendlier than MT4. Anyway, good luck with your TMS trades!
Hi Michael
Can we use FXCM Trade Station like MT4 I mean by taking simultaneously BUY and SELL for any currency pair at the same time ?
  • #78,980
  • Apr 15, 2017 12:38pm Apr 15, 2017 12:38pm
Hi Arasheed,

Quoting arasheed
Hi Michael Can we use FXCM Trade Station like MT4 I mean by taking simultaneously BUY and SELL for any currency pair at the same time ?
I personally never used hedging (buy and sell at the same time) but according to FXCM legal disclaimer it looks like they allow it (see https://www.fxcm.com/uk/legal/trading-execution-risks/).

I am no longer using FXCM as my broker so I can't really answer your question with a 100% certainty, but as far as I understand the hedging is allowed at FXCM (with the exception of US clients of course).
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