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Trading Made Simple

  • #82,541
  • Oct 16, 2017 5:03pm Oct 16, 2017 5:03pm
pipware suiteor Tdi MTF please
  • #82,542
  • Oct 16, 2017 6:03pm Oct 16, 2017 6:03pm
Quoting bob44
pipware suiteor Tdi MTF please
for live trading, use Triple Screen and you will see the real action.

I use pipware mini charts for education purpose only, much easier to see only several TFs in one single screen to explain the price action.

MTF TDI has the same errors when it uses iCustoms call routine and like many other versions of the TDI coded with errors.

Triple Screen Trading System by Dr Alexander Elder, read this old post:
https://www.forexfactory.com/showthr...1#post10023971
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,543
  • Oct 16, 2017 6:11pm Oct 16, 2017 6:11pm
Quoting emmanuel7788
AUDUSD H4 Oct 16 potential depth of current correction to region between 0.7870 to 0.7845, in that region I probably look for buy. correction , I mean last Friday' big H4 and H1 candles.
AUDUSD Oct 17 update:

The retracement to the region between 0.7870 to 0.7845 turns out well and yesterday' intraday USDX show stronger USD so we may see this go lower today.

My sell TP is now 0.7830 taking a full 1% profit on this trade.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 42 Oct 17.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,544
  • Oct 16, 2017 6:17pm Oct 16, 2017 6:17pm
Quoting venkatredy
hi emmanuel will u pls tell is this correct entry . as TDI green crosses before entry.after refreshing TDI repainted {image}

There are 5 fakey hours which I would not like to take any H1 trade. For this reason I stopped trading H1. Don't need the stress and have better things in life to do than to watch the screen every hour.
Stick to trading on the SYD_2H and TOK_5H when I want to make some money trading intraday.

Otherwise it is only H4 Swing trading and D1 Position trading only for me. These two timeframes are the most profitable for the active TMS traders.

Those fakey hours also depends on the DayLightSaving DST time changes and different broker server times.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,545
  • Oct 16, 2017 6:49pm Oct 16, 2017 6:49pm
Quoting irishcraig09
Hi venkatredy I'm not as good as Emmanuel by a long shot but I'm my option if it was a buy then no as the green bar hasn't crossed or touched the 50. If it is a sell which I'm judging by the red arrow, but that could mean the bar you pointing to then no as well as the lines are also in the opposite direction. Also look at your support and resistance. The old support is now your resistance. Emmanuel posted something about this a couple of post back. Please see attached picture to see what I'm suggesting. Like I said I'm not as good as Emmanuel so...

If you follow me, you can only be as good as I am.
To be better then me, you need to do much more than I have done the past many years.

I did much more than Big E since he passed away in 2012, now I can claim to be better than him but still cannot achieve his win rate of 70% to 80%. My win rate still below Big E's, can do 65% win rate quite comfortably and making 10% ROI on an average 12 days, Expectancy is above 3.

What newbies need to do is to go back to the way Big E started in 2008 and trade with the PAC and full TDI. Get rid of the Stochastics and this will be your first step to keep it simple with fewer indicators. Master the method and then you can start to become aggressive like Big E.

EURUSD Oct 16 H1 POMO:

There was a good TOK_5H trade if you trade during the morning session.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 42 Oct 16 H1 POMO.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,546
  • Oct 16, 2017 6:56pm Oct 16, 2017 6:56pm
AUDUSD Oct 17 H1 SYD_2H breakout trade example

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Oct 17 SYD_2H H1 example.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,547
  • Oct 16, 2017 7:44pm Oct 16, 2017 7:44pm
Quoting chrrmfbvk
{quote} Do you do Big Picture Planning for all 19 pairs? You can also hide the line chart on the lower timeframes by getting the right line chart indicator. Otherwise you will have to manually go in turn line chart on with a colour during the Big Picture Planning then turn it off once done.
Yes. I always do my top down analysis for all the pairs which I trade. This way I will know what my Big Picture Plan is for every pair of the 5 groups which enable me to pick the best pair in each group to trade.

The Line Chart is simply a One-period Moving Average set to Close price.

See Gold chart below with the SMA (1) Close on the candlestick chart. Yesterday D1 pulled back created the swing high which we can use to trade the break of the swing high.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 42 Oct 17 D1.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,548
  • Oct 16, 2017 8:01pm Oct 16, 2017 8:01pm
TMS Monitor H4 closing in mins

if you look for TDI slope, there are a few opportunities and if these fits your trade plan, pulling the trigger would be easy.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Oct 17 H4.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,549
  • Oct 16, 2017 8:27pm Oct 16, 2017 8:27pm
NZDCAD Oct 17 D1 setup missed few hours ago
resistance is last month' high and watch those BRN reaction.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD Week 42 Oct 17 D1 setup.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,550
  • Oct 17, 2017 12:02am Oct 17, 2017 12:02am
Quoting emmanuel7788
{quote} Yes. I always do my top down analysis for all the pairs which I trade. This way I will know what my Big Picture Plan is for every pair of the 5 groups which enable me to pick the best pair in each group to trade. The Line Chart is simply a One-period Moving Average set to Close price. See Gold chart below with the SMA (1) Close on the candlestick chart. Yesterday D1 pulled back created the swing high which we can use to trade the break of the swing high. {image}
What are the other moving averages you have on your chart? 100 ema and 250 ema?
  • #82,551
  • Oct 17, 2017 1:42am Oct 17, 2017 1:42am
hi emmanuel sir

thnk u for answering my post , i have some doubt
1)should the entry should be made at the candle start when green pointing up at angle 12-2 after heiken ashi bullish colour .some time heiken ashi change the colour and tdi green repaint.
2)As i am from india what would be time of this SYD_2H and TOK_5H
3) i need your valuable suggestion for which time is better for trading
4) my balance is 15k usd what would be lot size suggested
5) will u please share your template and indi
6) pls check attactment is value correct or not
7)kindly post check list what should be consider before entering a trade .that would be helpful for all newbie for this thread
Attached Image (click to enlarge)
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  • #82,552
  • Oct 17, 2017 2:34am Oct 17, 2017 2:34am
Hi Emmanuel!

Can you guide us through your process on how you pick the 5 pairs you want to trade? Or if you already have link us to the post.

That would be a great help
  • #82,553
  • Edited 8:14am Oct 17, 2017 7:18am | Edited 8:14am
HI EMMANUEL
i took put on usd chf of 2 candle but it was loss of 200usd.will u clarify the entry is correct or not
in back test every thing look profitable but in live its different thing
will u please help
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  • #82,554
  • Oct 17, 2017 9:45am Oct 17, 2017 9:45am
Hello

A question to emmanuel and also other experienced traders,

How do you handle the London open [m30 or 1hr], today I observed two valid setups during London open. London open caused them to fluctuate near to their stop loss before eventually recovering and hitting TP.

Is it advisable not trade London open or pull any trades you have before that?
it seems that if you do pull trades or wait until London open is done you miss out on some setups.......
  • #82,555
  • Oct 17, 2017 10:02am Oct 17, 2017 10:02am
Quoting Sesamstrasse
{quote} Hi Splurge. Intraday TMS is very heavy.. H4 and up works easiest.. And there we are with the "Problem" --Problem?? Problem.. I can t see one! If you give too much weight on ANY indicator, you do something wrong. PA is king. In the beginning of this large thread youŽll find a Checklist by Big E.., Emmanuel reposted 3 hours ago. The TDI is only one point on the list. By tghe way -- the picture the TDI shows before and after a new bot isn t that much different. We look on the TDi at candle open.. ThereŽs a realtime TDI posted in this thread....



I am starting to notice that H4 does seem to somewhat easier with less hassle.

I take trades on m30/h1 and h4 atm, but would not rule out a complete transition to H4....

how much trades on average does H4 produce in a week, per pair
  • #82,556
  • Oct 17, 2017 10:11am Oct 17, 2017 10:11am
Quoting kain775
{quote} I am starting to notice that H4 does seem to somewhat easier with less hassle. I take trades on m30/h1 and h4 atm, but would not rule out a complete transition to H4.... how much trades on average does H4 produce in a week, per pair
... depends o how picky YOU are and how long you keep them.
IŽd say from 0-3.

I prefer D1 .. 1-3 or 4 trades a week.

Quoting kain775
Hello A question to emmanuel and also other experienced traders, How do you handle the London open [m30 or 1hr], today I observed two valid setups during London open. London open caused them to fluctuate near to their stop loss before eventually recovering and hitting TP. Is it advisable not trade London open or pull any trades you have before that? it seems that if you do pull trades or wait until London open is done you miss out on some setups.......
Scorps trades london with m30 and h1 .. heŽs doing well.
Risiko birgt immer auch die Chance.
  • #82,557
  • Oct 17, 2017 10:46am Oct 17, 2017 10:46am
Hi venkatredy
1) the HA candle did not close below the PAC
2) the green line is not at or below 50
3) your PAC does not seams smoothed
I have made these mistakes over and over again it just takes time and practice Maybe try bigger time frames e.g 4h and daily
Please see attached pics
Craig
Attached Image (click to enlarge)
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  • #82,558
  • Edited 12:46pm Oct 17, 2017 11:19am | Edited 12:46pm
Quoting venkatredy
HI EMMANUEL i took put on usd chf of 2 candle but it was loss of 200usd.will u clarify the entry is correct or not in back test every thing look profitable but in live its different thing will u please help {image}
You only entered because the TDI gave a signal. The TDI, as any other indicator, should be used only as xonfluence with price action.

There is an important resistance line which you should have expected to become suppprt, once it was broken. You sold right into it. Try drawing it, and see for yourself.
  • #82,559
  • Oct 17, 2017 11:25am Oct 17, 2017 11:25am
Thnk u craig
pls see value in 82551 post
  • #82,560
  • Oct 17, 2017 11:38am Oct 17, 2017 11:38am
Quoting emmanuel7788
TMS Monitor H4 closing in mins if you look for TDI slope, there are a few opportunities and if these fits your trade plan, pulling the trigger would be easy. {image}
Just how many people took GC "strong Sell" signal here
Nothing and I mean nothing indicating there is any reason to sell. Look at yellow boxes and yes its exact time you posted your chart.
This is not criticism but objective unbias observation! that people should not look at any arrows by themselves!
regards
I just find it amusing how thousands posting here don't see the holes.You would of been -75pips in red had you took that "strong sell"
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
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