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Trading Made Simple the right way, and other trading lessons 233 replies

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Trading Made Simple

Follow TDI: Post 97,098
- Learn work with what the TDI is showing you not against TDI.
- Don't be eager to place a trade.
Make your own observation how TDI gave a trade signal. Look at and compare:
- both chart's
- support / resistance
- momentum (angle of green)
- bar size
- wick length and placement
- what is stoch doing
In short apply Post#647 to both chart's.
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Keep it Simple
When Stoch(8,3,3) %K cross %D is a signal
When TDI RSI(13) MA(2) cross (MA(7) is also a signal
When both the Stoch and TDI cross their 50-level, that is bonus signal...

When both Stoch and TDI shows the same signal, we have a trade setup but .... look left to see any support and resistance,


Example EURCAD M30 Aug 30 London session.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
quick question, i'm looking at this system to check on live charts if it's something for me. I know how HA candles look but i don't know how to read them, looked at an explainer video and it confused me even more.

In the screenshot you see the last h4 candle where i would have made an entry at the start of the candle according to this system (even though it's the 3rd red candle, there was enough room to the downside without significant resistance). The purple line is where the price was at the start of the candle, i placed this line shortly after the start of this candle as a marker where i would have shorted. Yet the HA candle shows a big body to the upside, where price has never been during this candle. How do you see where the actual price has been in HA candles? Because i think knowing where actual price has been during a timeframe is important, not only for live trades but for backtesting as well. Now i feel like i'm blind for actual price moves.

I do think this system has promise because this trade would have already made +40 pips at the low, now at approximately +25 pips with 1 hour to go on this h4 candle.

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Quoting muotre
How do you see where the actual price has been in HA candles?
Like this?
- Activate Candle bar.
- Change line thickness in HA Option\Colors
Attached Image

Not a nice chart to look at.
Keep it Simple
Does anyone have this indicator and template?
I really want one.https://www.forexfactory.com/attachm...0&d=1532182138
I live in Europe and I was trading on 1H time frame USDCAD. I entered where the blue line is. I entered at the begining of the candle with TDI cross. Also, I was seeing divergence between price and TDI. It started to move in my favour but the next candle moved in the opposite direction. I'm still in but close to my SL.
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Quoting Tekkies
{quote} Lyk this? - Activate Candle bar. - Change line thickness in HA Option\Colors {image} Not a nice chart to look at.
I overlay the APB candles with Bars as opposed to Candles

I find it easier on the eyes
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"To live with Passion, it takes Courage and Grace to survive"
Quoting Vic80
I live in Europe and I was trading on 1H time frame USDCAD. I entered where the blue line is. I entered at the begining of the candle with TDI cross. Also, I was seeing divergence between price and TDI. It started to move in my favour but the next candle moved in the opposite direction. I'm still in but close to my SL. {image}
- Did Stoch confirm direction?
Keep it Simple
Yes, stochastic confirmed direction
Quoting Vic80
Yes, stochastic confirmed direction
Blue = consolidation
Yellow = Support / Resistance
- Trade taken smack bang in the middle.
- Long term trend up (Look D1)
- No short term trend (Look H1)
- Wicks long / bottom of candle
- Bars are different size both direction
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Keep it Simple
  • Post #97,531
  • Quote
  • Edited Aug 21, 2019 8:45am Aug 20, 2019 1:43pm | Edited Aug 21, 2019 8:45am
Quoting Tekkies
- Long term trend up (Look D1)
- No short term trend (Look H1)
- Wicks long / bottom of candle
- Bars are different size both direction
USDCAD, right?

Here is what I see.
MN in downtrend.
W1 rallying
D1 has been in an up move due to the W1 rally, and "time is up" for it to drop.

H4 Also "time is up" to drop.
H1 A bit messy with the current sideways channel, but further supports a down move is imminent.
M15 just gives a zoomed-in view of the H1 ranging.

Conclusion: Weekly has been in a rally, supporting buyers. "Time is ended" for D1 to be up, and this view is supported by H4 and H1. A breakout of the current range is needed with commitment. Although the breakout CAN go either direction, the bias is to go down. OF course the D1 cannot fall immediately; it will take some cycling down and up of the smaller charts first.
The markets are speaking to you. Do you know their language?
IMT Pips This Year: -36
Thank you so much for your analysis
Quoting DrDave
{quote} That is USDCAD, right? Here is what I see. Long term trend is down, both monthly and weekly. Weekly is up as a rally to the Monthly, so this makes D1 up. However, "time is ended" for D1 to be up, and H4 supports this view. Also, "time is ended" for H1 to be up, but there is no commitment by either buyers or sellers for direction, as can be seen by the sideways movement of HA bars with small bodies and long wicks. M15 gives only a more zoomed-in view of the ranging of H1. Even though at the moment price is moving down, it is still well in...
OF course DI can continue to go up, changing W1 / MN to the upside.
-----
Rather go by what TDI is currently showing: the here and now.
- past MIGHT indicate what will happen.
- future will always be unknown.
Keep it Simple
Quoting Tekkies
{quote} OF course DI can continue to go up, changing W1 / MN to the upside. ----- Rather go by what TDI is currently showing: the here and now. - past MIGHT indicate what will happen. - future will always be unknown.
Great, if it works for you, keep doing it.

Of course the future is unknown. That is why after we do TA and determine the chart most likely to see action next and the mostly likely direction, we watch our LAGGING indicators and when a move finally comes, we look for those lagging indicators to confirm the move and then we harvest the pips.
The markets are speaking to you. Do you know their language?
IMT Pips This Year: -36
Quoting muotre
quick question, i'm looking at this system to check on live charts if it's something for me. I know how HA candles look but i don't know how to read them, looked at an explainer video and it confused me even more. In the screenshot you see the last h4 candle where i would have made an entry at the start of the candle according to this system (even though it's the 3rd red candle, there was enough room to the downside without significant resistance). The purple line is where the price was at the start of the candle, i placed this line shortly after...

Study Post 9307 details... zoom in

For a very experienced trader like Big E, he sees the real price on the APB/HA candle .
You can also see the real price Open, High, Low and Close much easier when you switch your chart to show as Bar Chart and set that to Foreground.


Post#9307 training chart... REVERSAL CANDLE

When Stoch(8,3,3) %K cross %D is a signal
When TDI RSI(13) MA(2) cross (MA(7) is also a signal

Post#261
If Stoch's & 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...

Post#647
Look at the candles on the last reversal... big, little, what

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Have Fun, learn to spot REVERSAL CANDLE setup and you have one simple and easy solution... wait for another two more. PATIENCE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Vic80
I live in Europe and I was trading on 1H time frame USDCAD. I entered where the blue line is. I entered at the begining of the candle with TDI cross. Also, I was seeing divergence between price and TDI. It started to move in my favour but the next candle moved in the opposite direction. I'm still in but close to my SL. {image}
did you see the last rally on your chart?

very simple... there was no REVERSAL CANDLE and the market was sideways ... the PA in CONSOLIDATION (Post#647).... and selling into the Asian session low is selling into support....

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
When Stoch(8,3,3) %K cross %D is a signal When TDI RSI(13) MA(2) cross (MA(7) is also a signal When both the Stoch and TDI cross their 50-level, that is bonus signal... When both Stoch and TDI shows the same signal, we have a trade setup but .... look left to see any support and resistance, Example EURCAD M30 Aug 30 London session. {image}
Yesterday
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Today, as it is now,

EURCAD M30 ... do your own review and POMO

today's decision to trade should be easy now...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Guys, I already made 2x my daily goal, and I didn't even have breakfast yet.
GBPAUD falling, as I expected.

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The markets are speaking to you. Do you know their language?
IMT Pips This Year: -36
Quoting DrDave
Guys, I already made 2x my daily goal, and I didn't even have breakfast yet. GBPAUD falling, as I expected. {image}
You like them indicator's.
-----
Based on what you posted Post 97,535 you really don't need all that wiggly rainbow lines on the chart.
Keep it Simple
Quoting Tekkies
{quote} You like them indicator's. ----- Based on what you posted Post 97,535 you really don't need all that wiggly rainbow lines on the chart.
Actually, I don't even use them! That was just a chart with a template that I was experimenting with for someone else. (It also includes substitutes for TDI; just not obvious.)

But someone with some good analytical prowress can look at those images and find which of those indicators are valuable for trade signals, and then leave off the other ones.
The markets are speaking to you. Do you know their language?
IMT Pips This Year: -36
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