No apology required Dean your an honest contributor to this thread..

Trading Made Simple

has anyone got mod powers on this thread in BigE's absence?

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Nice trade looks like it was bounce off a strong support area.

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lets cut out the back biting guys, keep it friendly. Everything you need to know is in BigE's posts.

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Dean I still close the trade manually if TDI flattens too, I've not calculated the average TP, I customise each TP for each trade depending on trend lines and S & R lines it seems to work well for me. Exiting on TDI is still the best way of managing ...

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I set my initial hard stop to a few pips above/below the previous low/high (same as BigE). I don't automatically move my SL to BE, others use the swiss army knife ea to do this though. Sometimes I move my SL to BE + spread manually though not ...

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Yes I like that indicator its just an easier to judge TDI, so its fits in well with the TMS method - thanks for posting. I do agree though that some posts on this thread have gone a little too far in complicating the method.

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yes I do that also, the main thing is to keep your SL fairly loose, give the trade breathing room

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HA - basically all i'm saying is a TDI cross + good setup candle usually results in a good trade if we're careful with trend and S & R lines. Weak candles really put me off the trade. Set your own pip level on what you consider to be weak or strong ...

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I found 15 pips to be too tight, BigE has a unique way of managing his trades, I personally tried to use his method and it didn't work for me. If its working for you though then why change it.

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I also think using trailing stops (a fairly loose one) is worthwhile. And also setting a sensible TP just under the next trend/support/resistance line is definitely worthwhile, even if trades don't reverse in these areas they usually stall for a ...

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I don't think the EMA is important, BigE has been asked many times about this and he doesn't use the EMA, he only keeps it on his charts to make them easier to read.

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The way I see it is the setup candle is where we have a clear cross just after the candle has formed (within the first two candles of the move). I never just trust the cross indicator always check with your crosshairs, often you find crosses on ...

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4HR timeframe i'd say: Setup candle under 30 pips = Weak 30-60 pips = Medium 60+ pips = Strong

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Yes your right, my example was for the 1HR charts. Needs adjusting of course for different timeframes. Good point too about the real body size in proportion to the candle size.

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I've been doing some work this weekend to identify where most TMS method setups fail. 1, Trading in consolidation (avoid flat lines small candles) 2, Ignoring trend (including ignoring trend lines and strong areas of support and resistance) 3, ...

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No word from BigE yet? Getting worried for the guy.

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Nice Snarly - good work - seems i missed out on quite a few good moves around major news time today. Is major news something you factor into the equation when your trading the 4HR Snarly?

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