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Trading Made Simple

  • #82,041
  • Sep 18, 2017 1:52pm Sep 18, 2017 1:52pm
Quoting darko2010
Long USDCAD anyone?

long 1.2188

Attached Image (click to enlarge)
Click to Enlarge Name: UC.png Size: 124 KB
  • #82,042
  • Sep 18, 2017 3:03pm Sep 18, 2017 3:03pm
GBPCAD Week 38 Sep 18 trades:

Latching on to the strong 'trend' of last week's

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 38 Sep 18 trades.png Size: 31 KB


Trades entries seen below in M5 using the TDI(RSI) cross for add-on entries used in Position Building.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Sep 18 trades seen in M5.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,043
  • Sep 18, 2017 3:04pm Sep 18, 2017 3:04pm
Quoting saad007
{quote} Not entered.But potential buy position.W1,D1 divergence and bullish PB rejection. {image} {image}

Yes, I am looking at CAD pairs for the breakout.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,044
  • Edited 3:26pm Sep 18, 2017 3:13pm | Edited 3:26pm
Quoting Black
{quote} Hello Emmanuel, Acknowledging you're much more experienced than I am, I have a doubt: You've stated many times that with ME/ME we get an average entry price from a basket while building positions. So, if someone somehow finds a way to enter close to your average entry price with a single net position with the same size as your combined lots , then he/she would achieve your same results? And that someone would not have incurred in the equity/floating drawdown that you had while 'building positions' since he/she was not in the market yet....
Thanks Black.

good points made. Noted.

Some people had mix-up up Multiple Entries/Multiple Exits with Position Building. These are two different things with its own features and its pros and cons.
These people had not fully understood the two and their differences, they applied them wrongly therefore did not get the real benefits of either.

You can use either one or the other independently. For example, you can use Multiple Entries with Single Exit with Position Building.

The biggest advantage for me is that trade management can be automated and I focus my time and energy in doing my top down analysis and forming my Big Picture Plan during the weekends. Plan my trades, know when to execute them by initiating the first trade and let the trade manager do the rest of the work during the week. I only need to check my trade server at minimum once a day.
Attached File(s)
File Type: pdf Entry and Exits ebook pages.pdf   144 KB | 1,308 downloads
File Type: pdf How to Build a Position.pdf   3.1 MB | 1,311 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,045
  • Sep 18, 2017 3:37pm Sep 18, 2017 3:37pm
what is the name of the TDI indicator encircled below?
Attached Image (click to enlarge)
Click to Enlarge Name: tdisdfdsf.PNG Size: 123 KB
https://bit.ly/3Iel8hJ
  • #82,046
  • Sep 18, 2017 4:04pm Sep 18, 2017 4:04pm
EURAUD Sep 19 D1 chart is worth a look.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,047
  • Sep 18, 2017 4:31pm Sep 18, 2017 4:31pm
Quoting Sesamstrasse
{quote} Hi Black. You do absolutely right to jump not on every train. .. In fact: The "whole" MEME thing isn t that easy. There are so many different settings possible : " start with small and scale" "start with larger positions and kick some step by step out" "small TP" "large TP"... and manymanymanymany more. Trading isn t a sprint.... it´s a marathon. And only those who learn before their whole capital is blown off are the survivors. You need a lot of different demo acounts with the same pair, same entry, same exit but different small or wide...
Van Tharp 101
  • #82,048
  • Sep 18, 2017 4:32pm Sep 18, 2017 4:32pm
Quoting emmanuel7788
{quote} Thanks Black. good points made. Noted. Some people had mix-up up Multiple Entries/Multiple Exits with Position Building. These are two different things with its own features and its pros and cons. These people had not fully understood the two and their differences, they applied them wrongly therefore did not get the real benefits of either. You can use either one or the other independently. For example, you can use Multiple Entries with Single Exit with Position Building. The biggest advantage for me is that trade management can be...
Are your exits also automated?
  • #82,049
  • Sep 18, 2017 5:10pm Sep 18, 2017 5:10pm
Quoting emmanuel7788
EURAUD Sep 19 D1 chart is worth a look.
Should/Would have taken it on H1 earlier today at around 1.4925, but I wasn't in front of my screens...
  • #82,050
  • Sep 18, 2017 10:23pm Sep 18, 2017 10:23pm
Quoting jaisis21
what is the name of the TDI indicator encircled below?{image}
You can find it here.
https://www.forexfactory.com/showthr...59#post9588859
  • #82,051
  • Sep 18, 2017 10:34pm Sep 18, 2017 10:34pm
Quoting saad007
{quote} You can find it here. https://www.forexfactory.com/showthr...59#post9588859
Thank you very much, saad007!
https://bit.ly/3Iel8hJ
  • #82,052
  • Sep 19, 2017 12:30am Sep 19, 2017 12:30am
Quoting emmanuel7788
EURAUD Sep 19 D1 chart is worth a look.
I'm eying that to get in on a retracement on the 4hr chart, same with the yen pairs if I get something that looks good.
  • #82,053
  • Sep 19, 2017 1:48pm Sep 19, 2017 1:48pm
Hi everyone, I have been following this method for some time however I am having problem with indicator shift on the TDI indicator. Specifically I will label an entry on my chart and when I load the chart up the next day sometimes the entry has shifted a bar and my original entry is incorrect. Its as if the data has changed.

I dont have this problem with any other indicators, does anybody else have this problem?

Thanks
  • #82,054
  • Sep 19, 2017 3:29pm Sep 19, 2017 3:29pm
Quoting Splurge
Hi everyone, I have been following this method for some time however I am having problem with indicator shift on the TDI indicator. Specifically I will label an entry on my chart and when I load the chart up the next day sometimes the entry has shifted a bar and my original entry is incorrect. Its as if the data has changed. I dont have this problem with any other indicators, does anybody else have this problem? Thanks

simple solution: throw away that TDI version you have.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,055
  • Sep 19, 2017 3:33pm Sep 19, 2017 3:33pm
Quoting Rub
{quote} I'm eying that to get in on a retracement on the 4hr chart, same with the yen pairs if I get something that looks good.
now we see yesterday D1 candle closed an Inside Bar...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 38 Sep 20 D1.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,056
  • Sep 19, 2017 3:34pm Sep 19, 2017 3:34pm
Quoting darko2010
{quote} Should/Would have taken it on H1 earlier today at around 1.4925, but I wasn't in front of my screens...

sometimes ...

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,057
  • Sep 19, 2017 3:42pm Sep 19, 2017 3:42pm
Quoting darko2010
{quote} Van Tharp 101
After Peak Performance 101, you still have 202 , 203 and 204.

Most traders need to know what to do to overcome self sabotage and must do before they can reach peak performance.

Knowing is one thing, doing is another things which many will fail.

Losing can be a very humbling experience. The market will teach us over time. But yet some people will never become super traders, one of such people are those with gambling addiction.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,058
  • Sep 19, 2017 3:44pm Sep 19, 2017 3:44pm
Quoting darko2010
{quote} Are your exits also automated?

Yes,

both automated when I do not have the time to look at my trades and manual when I log in to the trade server and see that I have some positions to close manually.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,059
  • Sep 19, 2017 4:35pm Sep 19, 2017 4:35pm
EURUSD Sep 20

tested 1.2000 twice yesterday,
today possible Buy 1.2000 SL 2 days low 1.1900, TP 1.2100

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 38 Sep 20 12000.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,060
  • Sep 19, 2017 4:47pm Sep 19, 2017 4:47pm
EURCAD Sep 20 D1 valid setup with HA close above PAC. PAC last 4/6 slope angle is good. TDI moderate.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 38 Sep D1 setup.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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