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Trading Made Simple

  • #84,601
  • Edited Dec 22, 2017 1:48am Dec 21, 2017 9:10pm | Edited Dec 22, 2017 1:48am
Our exit strategy on the monthly control line method has to be tailored for our own personally.
Theres still quite a few pips up to our next control line so there no chance it will get there this week. My plan is always to stay as long as possible in trade until the price action crosses back over the 5EMA +3.
Either way we have a A$$$ trade.
Not many agreed with my stop loss plans here.
Trading thin liquidity at the boundary of the charts
  • #84,602
  • Dec 21, 2017 9:39pm Dec 21, 2017 9:39pm
Quoting nigpig
I have made up an indicator that shows arrows for entry using the TDI cross and the HA candle. The arrow is not re-drawing and is placed on the preceding bar to entry. So it will display at the open of a new bar on the previous bar. There is a setting to use kinks and to use yellow conservative entry. The image below shows arrows where a TDI cross has occurred above yellow for up/green arrow and with a HA change of colour to blue. Same but reverse for red arrow. Uses DTI_RT and Synergy_apb files which should be in the MQL/Indicators folder. Please...
NICE work, i really appreciate it.is it possible to show /measure quality cross like attached image say show vertical line (only for attached image cross)...we see a lot of tdi cross arrow indicator but not measure quality cross so i think it will be great
Attached Image (click to enlarge)
Click to Enlarge Name: Picture31.jpg Size: 165 KB
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  • #84,603
  • Dec 21, 2017 11:13pm Dec 21, 2017 11:13pm
I trade reversals. The AUDUSD is showing slightly higher highs but with lower momentum and nice price action pin bars - A good indication of an impending reversal. I find a 3:1 is usually very attainable. I trade the daily and use 4H for a more precise entry. Also, when I see higher highs but lower momentum on the 4H, I wait for the daily to follow suit. This usually has a high probability - about 80% - that the reversal is coming.
I trade the daily chart, because I don't have to worry about economic data/announcements. It's gives the trade room to "breathe". Even trading on NFP day each month is just fine and usually a very a profitable day. Also, a lot of data is compiled into 1 daily candlestick, therefore, making the price action much stronger and giving a better indication of impending movement versus the lower time frames, which have a lot of "noise".
If you need me to mark up my chart, I can when I have some time today. There's some good trading opportunities lining up today. Should be a good rest of the trading week. Seems like we may see the CAD fall soon on the USDCAD trade - that was in the first pic I put up...especially if it breaks the 1.28181 zone.
  • #84,604
  • Dec 22, 2017 12:27am Dec 22, 2017 12:27am
Quoting jansb000
Hi, does anyone know of a good -RECENT- howto for the MT4 strategy tester? I have some trouble with the latest MT4 versions with performance. Even one run takes minutes, let alone doing an optimisation run with many parameters. Maybe the way I do it is not matching the newer versions of MT4 anymore or I am making some other type of mistake. I used to work the strategy tester without problems a year ago. Sorry for being of topic! I want to optimise settings for my TMS Expert Advisor. Thanks in advance!
Pity about the ignore button.
It is not the tester.
The expert:
- to many loop's or a loop with in a loop with in a loop.
- void function that is called with a loop
in that function is conflicting code
- icustoum using wrong parameter
  • #84,605
  • Dec 22, 2017 12:32am Dec 22, 2017 12:32am
Quoting catalin_eros
{quote} Oh, I am sure you can scale in with 0.01. Ask Trogger, a trader who even Strat has a very high opinion of.
Trogger
Some info to add to the knowledge bin
Thanks
  • #84,606
  • Dec 22, 2017 2:54am Dec 22, 2017 2:54am
Quoting classy
{quote} NICE work, i really appreciate it.is it possible to show /measure quality cross like attached image say show vertical line (only for attached image cross)...we see a lot of tdi cross arrow indicator but not measure quality cross so i think it will be great {image}

when I compare the TDI Green angle of the TDI Red Green and the Synergy Pro TDI, they are very different.

I prefer the Synergy Pro TDI setting because I trade the price action of the real price bar/candles not the Average Price Bar APB HeikenAshi Ha candles.
Important that we use the TDI as confirmation of the PA when we are taking a TDI trade.

#1 importance is the Price Action
#2 is the TDI Green slope or angle is to confirm the price momentum of the entry. We want to see price momentum to avoid any price pull back after our trade entry. Technically, that means we want to see the price Close very near to the the High (for Buy) or the Low (for Sell) of that setup entry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,607
  • Dec 22, 2017 2:59am Dec 22, 2017 2:59am
Quoting RickM
{quote} Good trading Its amazing how price action seeks safety at the monthly lines. You will find if it goes into consolidation period here for a while, a big move will happen. We do not know which way or when but it will happen so we need to ready for that large candle leaving the control line.

we are seldom wrong when we follow the Monthly and Weekly.

trading the Line Chart has been around for very long time and that is how I traded the stock market when I started in 1980s. Without any personal compuere back then, we just plot the Day Close price on graph paper and connect the Day Close price.... that's the line chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,608
  • Dec 22, 2017 5:44am Dec 22, 2017 5:44am
Quoting emmanuel7788
{quote} when I compare the TDI Green angle of the TDI Red Green and the Synergy Pro TDI, they are very different. I prefer the Synergy Pro TDI setting because I trade the price action of the real price bar/candles not the Average Price Bar APB HeikenAshi Ha candles. Important that we use the TDI as confirmation of the PA when we are taking a TDI trade. #1 importance is the Price Action #2 is the TDI Green slope or angle is to confirm the price momentum of the entry. We want to see price momentum to avoid any price pull back after our trade entry....
thanks for nice explanation.i am al so use tdi for confirmation with other confluence like PA+pattern+order flow (some people don't like so i stopped to post here)

you can check this link
https://www.forexfactory.com/showthread.php?t=677199
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  • #84,609
  • Edited 9:27am Dec 22, 2017 5:57am | Edited 9:27am
Quoting classy
{quote} NICE work, i really appreciate it.is it possible to show /measure quality cross like attached image say show vertical line (only for attached image cross)...we see a lot of tdi cross arrow indicator but not measure quality cross so i think it will be great {image}
Thanks Classy. I don't think I will do more work on this as I didn't know about the arrows on Synergy Tdi. I will use that for now. As Emm said I need to focus on PA and use tdi as confirmation. I was using it to trigger trades with my ea and it does work well by its self.

Edit: I was using it to trigger trades with my ea and it doesN'T work well by its self.
  • #84,610
  • Dec 22, 2017 6:39am Dec 22, 2017 6:39am
Quoting nigpig
{quote} Thanks Classy. I don't think I will do more work on this as I didn't know about the arrows on Synergy Tdi. I will use that for now. As Emm said I need to focus on PA and use tdi as confirmation. I was using it to trigger trades with my ea and it does work well by its self.

Hey nigpig,

Dont get me wrong and stop working on that arrow thing. It does serve its purpose so long as you have a way how to use them.

First is that you have doen your top down analysis and have your BPP done. With your BPP you decide on your trade plan.

For example, after you see a WCC confirmed, you decide on when and where you will buy or sell, it is a region or range where we will trade the price swings.
Remember the WCC High Low is our support and resistance until we see a breakout of that WCC High or Low. This is Plan A trade plan.
The WCC is a 3 (weeks) bars pattern, which means it will need one week after that engulfing Bullish or bearish bar/candle to confirm that is a WCC.
After we get the WCC confirmed, we look at the PA to start the buying or selling.

With your arrow thing, you can use that on either M5 or M15 to trigger the trade entries. The setup is still a H4 trade. To avoid that there are too many trades within one day 24 hours, I would set a time delay between each ME trade, 4 hours delay is good and with 0.5ADR as minimum order distance, you normally wont get more than 2 entries in same day 24 hours. If you want to have more ME orders in one day, then use 0.25 ADR as the minimum order distance.

There will be times when the buy or sell end up as losers because the market can break out of the WCC range trading. This is where you as the trader must know when to take the Plan B trade plan.

See example below, spot the breakout after the range trading failed.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD WCC POMO.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,611
  • Dec 22, 2017 6:42am Dec 22, 2017 6:42am
Quoting classy
{quote} thanks for nice explanation.i am al so use tdi for confirmation with other confluence like PA+pattern+order flow (some people don't like so i stopped to post here) you can check this link https://www.forexfactory.com/showthread.php?t=677199

that has worked for the past so many years and will continue to work next year, the year after, and so on.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,612
  • Dec 22, 2017 7:16am Dec 22, 2017 7:16am
Hey Folks,

I think I have answered all PMs from the backlog of the past 2~3 weeks.

Just in case that I may have missed one or two, please PM again and I'll try reply them by tomorrow before the super long weekend.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,613
  • Dec 22, 2017 9:15am Dec 22, 2017 9:15am
Quoting emmanuel7788
What is a trend? Which trend? {image} there are many different ways 'to skin a cat' ...quote snarlyjack https://www.forexfactory.com/showthr...46#post7934446
The Trend is up. We have 2 Weekly bars bullish.
  • #84,614
  • Dec 22, 2017 9:17am Dec 22, 2017 9:17am
Quoting emmanuel7788
{quote} Hey nigpig, Dont get me wrong and stop working on that arrow thing. It does serve its purpose so long as you have a way how to use them. First is that you have doen your top down analysis and have your BPP done. With your BPP you decide on your trade plan. For example, after you see a WCC confirmed, you decide on when and where you will buy or sell, it is a region or range where we will trade the price swings. Remember the WCC High Low is our support and resistance until we see a breakout of that WCC High or Low. This is Plan A trade plan....
Thanks for the great explanation!
  • #84,615
  • Dec 22, 2017 7:03pm Dec 22, 2017 7:03pm
Hi Folks,

Attached Image (click to enlarge)
Click to Enlarge Name: Seasons Greetings Dec 2017.png Size: 1.5 MB


Enjoy time with your family and loved ones.

Best wishes,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,616
  • Edited 1:55pm Dec 23, 2017 7:24am | Edited 1:55pm
Quoting nigpig
{quote}I need to focus on PA and use tdi as confirmation.
Little change that make the 5 method a losing system.
It is first the TDI cross then confirmation with post#647 and S/R.
Post
#1
The key to this method is the Traders Dynamic Index indicator for entries and exits.
#2
Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle...
#6
We Enter a trade when green crosses red on the TDI at the beginning of that candle...
If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.
#115
A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally.
I always look to the left for a possible res/sup level being near. If it's close I pass on the trade and go find another...
#119
On this method the TDI is King. All trades are signaled by it as well as exits... does that keep it simple. Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU !
#123
Exits...
Looking at your TDI... if you see:
1. TDI go flat
2. TDI start to hook over
3. TDI do a check mark reversal
#261
HA Candles...
What are their size? If they are small I will usually go find another set up...
Look for consolidation... look for how close PA is to sup/res levels... use your brain!
#276
When I see a tweak... I look for:
1. Are the candles getting smaller
2. Are the wicks starting to pull back more
3. Are we getting close to a sup/res level.
4. Is my green TDI line getting close to previous highs or lows on my TDI.
Those kind of things... being observant...
-------------
Notice that BigE started with the cross and then apply candlestick charting.
-------------
Jun / Jul 2016, started to really study only BigE's post's. Started to notice that member's are giving lip service to BigE and post their own version of how thing's should be done
In this post I posted the possibility and prove that BigE's method is profitably. Very profitably. You don't need to change or add to this method.
https://www.forexfactory.com/showthr...84#post9158984.
Should not have done that. Every member since then have tried to convince me that a method simple as TMS is not profitable. You have to make it difficult or else you are not earning your pips the right way.

Anyway since that post in Sep 2016 there have been many good week's following the method described in post#1:
11/12/2017 to date
Attached Image (click to enlarge)
Click to Enlarge Name: 11.PNG Size: 6 KB

#119
You can't get different results if you keep doing the same thing over and over...
  • #84,617
  • Dec 23, 2017 12:29pm Dec 23, 2017 12:29pm
top seller at Amazon in 2018,

Attached Image (click to enlarge)
Click to Enlarge Name: TMS 5_Method for Dummies book cover.png Size: 175 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,618
  • Dec 23, 2017 1:10pm Dec 23, 2017 1:10pm
Quoting eelfranz
Oitbbitw... Gosh... I wish all these names were simple like... Ted, Jed, Fred, hot dog... well, you get the point... I depend on the TDI for signals... then as I posted I look for the BASIC things a fx trader should look for before entering a trade. News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times. While trading the 4hr charts I don't pay much attention to it UNLESS IT'S a MAJOR news release... If it's major (red on FF Calendar) I'll wait until after the news...

Answer to PM on how to trade news.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #84,619
  • Dec 23, 2017 4:06pm Dec 23, 2017 4:06pm
Quoting emmanuel7788
top seller at Amazon in 2018, {image}
Most popular at Amazon in 2018
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #84,620
  • Dec 23, 2017 4:08pm Dec 23, 2017 4:08pm
Quoting emmanuel7788
{quote} Answer to PM on how to trade news.

Leah , yeah.......of course it is.....
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
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