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Trading Made Simple the right way, and other trading lessons 320 replies

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Trading Made Simple

Quoting fleurdelys
Sorry but the Price Action is the structure of HA Candles? thank you
It is what the HA/APB is hiding, the real candle and candle formations. That is why Emm uses price bars alongside ABPs, to see what the real candle is doing.
Quoting catalin_eros
{quote} Hi, Rick! I did not say the TDI was useless. I said that there will be a time when it will not be needed anymore, because it will be understood that it is only confirming what the price is telling us, and that time is when we understand PASR. My journey on FF started with the TDI. I do not need it anymore, as I have been trading naked for quite a while. But since Big E's method relies on the TDI, it belongs in this thread. What I am trying to say is that I agree with Emm: PA comes first, then the TDI. Happy New Year!
Catalin
Will that be now sitting naked in front of the computer?
PA comes first, then the TDI = Disagree to disagree and leave it at that.
------------
Price has only two point's: X, Y
X = time (date, hour, min, sec, msec)
Y = value ( the monetary value of a county's currency at that time ea price)
ditto price will be a line.

Have google many webpage with "trading naked" or "indicator free chart's". Almost all use candle bar as the main chart.As posted before price does not have HH, HL, LH, HH or pin bar or pattern or this or that.
Candle chart is therefor an indicator which indicate where price has been in a set period of time - time frame (M1, M5...............MN.)
Sure it reflect's where price is currently.
Retrace previous point's to stay inside the time frame.
Thereby creating HH, HL, LH, HH or what ever pattern of formation is used by the trader.
To me that is not PA.
Where was price at 2017/12/29:17H08?
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Quoting RickM
{quote} Yes, I agree with you and Emm so my journey has been like your's. Sorry if you thought I was talking directly to yourself. I have looked at your charts countless times so I know your works good. I know that there are many new Forex traders attracted to this trading made simple forum so my message was directed to them. I am attempting to show that trading on signals given by the TDI can still be profitable. In fact I planned to show some good setups in the New Year to prove this point. However these setups will only be a Continuation of a...
Rick
BigE in post#270 clearly say "When I check my charts... I look to the TDI... then PA." what about this post? Post 307
By BigE standard, in Trading Made Simple, TDI is before Price Action. Elsewhere will depend on the trader.

I do the same. TDI does not show a possible set up I don't bother even to try and find a set up with PA.
For one it save me a lot of time, using PA on 8 chart's to find set up's do take time.
If the following post's does not contain PA (that is with out the glamorise names description , abbreviation's).
Post 49, Post 52. Post 115 (last sentence), Post 121, Post 261, Post 276, Post 647, Post 769, Post 686, Post 701, Post 715, Post 731, Post 733, Post 769, Post 779, Post 1,003, Post 1,025, ................. Post 4,746
Then what is Price Action?
Tekkies,

What in the world are you smoking?

Frank0
Quoting Frank0
Tekkies, What in the world are you smoking? Frank0
Stuff, you can not afford to buy!
Green pip's. They are supplied for free with every trade that is closed in profit.
Merry cristmas to all. I was watching this discusses some weeks.. Just my 2 cents.
First is TDI, then PA.
First you allways look on signal from TDI, who come on any new h4 candle, then you chek PA if its good to be take according to the tdi. Imho.. I chek it like this.
There is no to much PA in HA candles, just inside bar, and bar close below or above ema 5. In most of the case iven if price close above ema,on first bar, the signal from tdi is not ready, or not have good crose and directions of lines. So you must to wait the right signal from tdi. After its come, chec Pa again.
AVERAGE PRICE BAR APB ... Big E refer to them as HA candles

Video tutorial - Learn the APB/ HA and how to read them.

https://www.forexfactory.com/showthr...75#post4572575
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
AVERAGE PRICE BAR APB ... Big E refer to them as HA candles Video tutorial - Learn the APB/ HA and how to read them. https://www.forexfactory.com/showthr...75#post4572575
it is new year just couple of hours there or there . . I am seriously thinking that you are a robot. Happy new year, I go to bed and wish you do something similar traditinional in your time zone
" Accepting losses is the most important single investment devise "
Quoting eelfranz
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....
Trade Plan for 2018 and 2019.

Hey Folks,

We all know by now that Big E preferred to trade the H1 and H4.
He also said in his post link above that we should not be afraid to trade D1 ( he said Dailies).

Based on my trading results the past 2 years, I will continue to trade the H4 chart timeframe for my weekly Swing trading and the D1 chart timeframe for longer term Position trading.

In Big E's post#8703, he tested trading the D1 using just the TDI cross for entry and exit.
What I have done the past 2 years is to check on my D1 charts for recent support and resistance using the previous MN price action and look for support and resistance.
Basically, I want to sell where there were no recent MN Low and Close which I consider them as support. Selling into 'empty space'
For buy, I want to buy where there is no recent MN High and Close which I consider them as resistance. Buying into 'empty space'.
To me, this is visual what I see on my D1 charts.

Another filter which I use is the Price Action Channel which is two moving averages, 5-Period Smooth MA set High and Low aka 5SMMA High - Low.

That my simple way how I will trade the D1 chart timframe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting freedom48
{quote} it is new year just couple of hours there or there . . I am seriously thinking that you are a robot. Happy new year, I go to bed and wish you do something similar traditinional in your time zone

Happy New Year freedom48,

It is a wonderful world we line in with great distances and time zones.

New York will start its countdown soon...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting eelfranz
Hi Everyone .... Hope the week is going well for you all. Any questions? PM me. My favorite plays are 32% up and 68% down on the TDI. You have to check your TDI every time a new candle appears. OFTEN TIMES I'll check the current candle several times during the trade. Just my routine. Do what works for you .................. {image}

One of Big E' favourite is to use his TDI Red Green and to sell from 68%-level and buy from 32%-level.

Do what works for me.

Will this work for EURUSD D1 in the coming days and weeks?

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or what about H4 chart below?

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Note: Bid E did not trade the NY Sunday open candle. He has good reason not to. But Today is Monday and some brokers will re-open today, I will also not trade the NY open candle today. Same reason which Big E had.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting eelfranz
E-U Entry training Chart - Examples {image}

Hey Folks,

Let's spend some time and go back to some of Big E' training charts.

Start with this last one before he went offline,

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Zoom into the chart and see the details of those marked trades - entry and exit.

- note the trade entry date/day and time, which trade(s) entry was during the London session?

- note his exit , how many HA candle after his entry? look at every TDI condition carefully. He did not exit some trades when TDI hook back , why?
- he did not simply exit after 1 to 2 HA candles, why?

- remember that chart was broker FXDD back in 2011 and also the DST of FXDD server time.

Can we all do the same in 2018?

Trade Well and Have fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Here is an EURUSD POMO example what I do and look for D1 trades.

I will continue to do for my trading in 2018 and 2019.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} One of Big E' favourite is to use his TDI Red Green and to sell from 68%-level and buy from 32%-level. Do what works for me. Will this work for EURUSD D1 in the coming days and weeks? {image} or what about H4 chart below? {image} Note: Bid E did not trade the NY Sunday open candle. He has good reason not to. But Today is Monday and some brokers will re-open today, I will also not trade the NY open candle today. Same reason which Big E had.
I traded this way, and I'm losing in the long run. Why? Because I think I traded even when long UTs were opposed (against trend)
Look at EUR USD on Long Term, it's clearly bullish ... so I think you only have to take the signals TDI purchase, so when TDI will be around 32 and pay attention to the round figure 1.20
Quoting fleurdelys
{quote} I traded this way, and I'm losing in the long run. Why? Because I think I traded even when long UTs were opposed (against trend) Look at EUR USD on Long Term, it's clearly bullish ... so I think you only have to take the signals TDI purchase, so when TDI will be around 32 and pay attention to the round figure 1.20
fleurdelys
Post a chart with a traded that went wrong.
(Account History - right click on order and drag to open chart)
Quoting fleurdelys
{quote} I traded this way, and I'm losing in the long run. Why? Because I think I traded even when long UTs were opposed (against trend) Look at EUR USD on Long Term, it's clearly bullish ... so I think you only have to take the signals TDI purchase, so when TDI will be around 32 and pay attention to the round figure 1.20
Hi fleurdelys

I know English is not your first language and it can be difficult to understand what some posts.

There is a pdf in post#96 which you can study and understand the full TDI.
https://www.forexfactory.com/showthr...62#post4571962

To use the TDI 68% level and 32% level, you must look at the volatility and the yellow MBL.

Here is an example , same EURUD pair but in M15. Notice the yello MBL is very high and near the 68% level. Also see the volatility band VB blue colour band.
Notice how the price move down as the TDI Green line went below he VB lower band line.

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Those very short term traders - scalpers in M15 and M5 look for these.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Hi Emmanuel,

Let's discuss some charts for a change...

Quoting emmanuel7788
Here is an EURUSD POMO example what I do and look for D1 trades...
{image}
For me the only "A buy setups" would be two TDI crosses per the original rules: first one on 6-7th November (that would be an A+ where you have red candle with a higher low followed by a bullish candle with a higher low) and the next one in the period from 16 through 22nd November where TDI cross falls right on the second candle.

It looks like the bar you marked as an "A+++ hindsight setup" would be a direct violation of your own rules you posted just a few messages earlier

Quoting emmanuel7788
<...>
For buy, I want to buy where there is no recent MN High and Close which I consider them as resistance. Buying into 'empty space'.
The high wick of that bar goes right into the previous month close and you will have the previous month high on top of that, so there is literally no "empty space". Other than it being a continuation trade with TDI bouncing off instead of crossing I would say that this is a very risky trade if you look only at the left side of that chart.

What were your reasons for marking that candle an "A+++ setup"?

Happy New Year to all!

Edited: Meant "left" side, not "right" as originally written.
Quoting michael_k
It looks like the bar you marked as an "A+++ hindsight setup" would be a direct violation of your own rules you posted just a few messages earlier {quote}

His charts full of this violation of his rules. Thats because his rules changes according to the rising water. Must be a very slow learner 30+ years and still struggeling with TDI and stoch. LOL.
Newbies be warned of emmanuel7788. Hes not true.
Quoting michael_k
Hi Emmanuel, Let's discuss some charts for a change... {quote} For me the only "A buy setups" would be two TDI crosses per the original rules: first one on 6-7th November (that would be an A+ where you have red candle with a higher low followed by a bullish candle with a higher low) and the next one in the period from 16 through 22nd November where TDI cross falls right on the second candle. It looks like the bar you marked as an "A+++ hindsight setup" would be a direct violation of your own rules you posted just a few messages earlier {quote} The...

If you had followed my previous posts on "PLAN. BUILD and RUN",

this setup is not in the RUN phase. It is in the BUILD phase and therefore has its risks because as you seen, the previous MN Close and High are seen as resistance. When we are in the BUILD phase, I reduce my %risk and trade the ranging condition until there is breakout into the RUN phase. During the RUN phase, I would scale- in more positions with banked-in profits i.e. risk free trades.

The but RUN phase condition is when the price has cleared above at least two previous months resistance and there must be "empty space" i.e.e there must not be any previous MN Close and High for the past 2 months.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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