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Trading Made Simple

  • #85,841
  • Jan 19, 2018 8:28pm Jan 19, 2018 8:28pm
Quoting The Cableguy
{quote} They do and there are generally plenty of losers/BE's combined, it depends how aggressive you are with your Stoploss placement and because no two traders will trade the same way, it is a little pointless exercise to explain each case.
Thanks, this has been very helpful, I really appreciate your perspective which answers to some of the things that have been bugging me for some time. Have a great week end
  • #85,842
  • Edited Jan 20, 2018 12:20am Jan 19, 2018 9:37pm | Edited Jan 20, 2018 12:20am
Quoting darko2010
{quote} You may want to check where the daily APB is with regards to its PAC. You would probably see that the main trend is still up
darko2010

Oke i will check it. The reason for me not using PAC is make me confused when to enter trade, so i ripped PAC.
But if i add 5 SMA Typical Shift 3, that APB #1 would be setup APB.

But, thanks for the input.
  • #85,843
  • Edited Jan 20, 2018 12:16am Jan 19, 2018 10:57pm | Edited Jan 20, 2018 12:16am
Quoting HighGarden
Entry 1. TDI cross good angle 2. Stoch in same direction 3. Last APB reversal is bad 4. APB setup is good 5. Entry on APB #2 Now in peace. When to exit? Dunno. Any words to my entry? Please. Im newbie, need some input, thank you. {image}
Quoting HighGarden
{quote} My exit will be.. 1. APB #3 2. TDI fish hook or flat 3. APB consolidation or flat any input please..
Last night in my place at 01.00 (GMT+7)
i close my trade, with +64 pips
enter 153.92
close 153.28

My exit reason..
1. APB close #3
2. TDI tweek
3. Sign early APB consolidation
4. Before market week end

Im newbie, please some input..

Attached Image (click to enlarge)
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  • #85,844
  • Edited Jan 20, 2018 12:24am Jan 19, 2018 11:07pm | Edited Jan 20, 2018 12:24am
Another sample entry yesterday, but im not take it, because of margin.
I always check lower timeframe before entry, to see what they are doing.

Im newbie, please give input to my view about this sample entry.

Entry buy EURCHF
1. TDI cross good angle
2. Stoch in same direction
3. Last APB reversal is bad
4. APB setup is good
5. Entry on open APB #2
Attached Image (click to enlarge)
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Entry sell GBPUSD
1. TDI cross good angle
2. Stoch in same direction
3. Last APB reversal is bad
4. APB setup is good
5. Entry on open APB #2
Attached Image (click to enlarge)
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  • #85,845
  • Jan 20, 2018 1:41am Jan 20, 2018 1:41am
Quoting darko2010
{quote} Thanks, this has been very helpful, I really appreciate your perspective which answers to some of the things that have been bugging me for some time. Have a great week end
No worries! You too, my friend...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #85,846
  • Jan 20, 2018 2:56am Jan 20, 2018 2:56am
Quoting emmanuel7788
{quote} Same question this week. Why I love this thread so much, it helps me develop patience and tolerance which make me into a better trader. see this post and those links: https://www.forexfactory.com/showthr...8#post10685098

To be honest: After 30 years of trading still struggeling with the TDI theres not to much hope. But who knows? After all you are able to stay at the age of 63 for several years.

Maybe when you work real hard you will be able to open a own thread like all the others high impact traders. But i dont think so.


You should work more on your manners. Thats a major deficit of you. For example its nice when you improve your tolerance and have the need to tell everbody. But in the most civilizations adults dont do that on the back of the dead.


Have a nice weekend, and dont forget your big picture painting. They are great. Vincent van Gogh could have learned from you.


Stay tuned.
Newbies be warned of emmanuel7788. Hes not true.
  • #85,847
  • Jan 20, 2018 3:17am Jan 20, 2018 3:17am
This is sample entry buy GBPNZD, setup APB #1 at vertical line.
1. Last reversal APB is bad
2. Setup APB #1 is normal
3. TDI cross is good
4. Stoch slope in same direction
5. Entry on open APB #2

Last high also consolidation area (green horizontal line), APB trend average 3-8 candle.

So, my exit is..
1. Close APB #3 that exactly at dead zone (green horizontal line)
That is nice profit +250 pips

This is my view, im newbie, please give some input, thanks.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDDaily.png Size: 55 KB
  • #85,848
  • Jan 20, 2018 3:47am Jan 20, 2018 3:47am
Quoting HighGarden
Another sample entry yesterday, but im not take it, because of margin. I always check lower timeframe before entry, to see what they are doing. Im newbie, please give input to my view about this sample entry. Entry buy EURCHF 1. TDI cross good angle 2. Stoch in same direction 3. Last APB reversal is bad 4. APB setup is good 5. Entry on open APB #2 {image} Entry sell GBPUSD 1. TDI cross good angle 2. Stoch in same direction 3. Last APB reversal is bad 4. APB setup is good 5. Entry on open APB #2 {image}
Hi High
New member?. Where did you learn before joining FF? First time that I see a member get it right from the word go.
- Clean chart as per post#1
- Entry's as per post#647
- Exit as per post#118

Some point's
- Check level where cross occurred - above below 50, close to 32/68.
- Good indication of a strong trend is the space between green and red.
- Check S/R's
  • #85,849
  • Edited 4:03am Jan 20, 2018 3:49am | Edited 4:03am
Hi guys,

I'm new to this thread...read a lot...and did some practice... look to my screenshot. Last week on eurusd (H1) a gain of around 200pips could realized. I spotted 9 valid and winning trades here, no losers for the moment.
Only trade 1 looks a ranging one....discutable if this was a valid one or not I think....

I did not mention red news-events and also did not mention end trading day and/or 4H timeframe... only 1H for the 24H. I also did not mention SL. This could only give a loser in trade1 possibly in trade2... the rest where winners for sure! I also did not mention the fact that I'm sleeping in the night...so actually I can't start or stop a trade.....anyway.... there are possible ways to overcome that last issue

In total this looks very promising to me!!

Some questions I have:
-do you guys mention red news-events (e.g: quit running trades before red-news events or wait 30mins or so?)
-are there times we do not trade... in the beginning of this thread some people were talking about 4H timeframe at night and stop trading around 18:00 NY-time.

Best regards,
HappyMe
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You can manage risk, but you can't manage the return
  • #85,850
  • Jan 20, 2018 7:48am Jan 20, 2018 7:48am
Quoting HighGarden
Another sample entry yesterday, but im not take it, because of margin. I always check lower timeframe before entry, to see what they are doing. Im newbie, please give input to my view about this sample entry. Entry buy EURCHF 1. TDI cross good angle 2. Stoch in same direction 3. Last APB reversal is bad 4. APB setup is good 5. Entry on open APB #2 {image} Entry sell GBPUSD 1. TDI cross good angle 2. Stoch in same direction 3. Last APB reversal is bad 4. APB setup is good 5. Entry on open APB #2 {image}
May I suggest that, no matter what the TDI says, you first and foremost look at the PA?
Also, instead of looking at the lower timeframe, you should look at the higher timeframe to get a better sense of the trend.

I avoid EURCHF in general, but daily and weekly trend are up
On GBPUSD, both daily and weekly trends are bullish, I wouldn't sell it no matter what the 4H says unless you are scalping, in which case this is the wrong thread for you

TDI is really far from being a magical recipe. I suggest you first and foremost use your eyes and common sense when looking at a chart and try and understand the rythm of the market with its supports, resistances. H4 obeys to the daily which itself obeys to the weekly which itself obeys to the montly PA. It is very frustrating, you can't trade when you want, you can only obey the flow of the market and join other surfers along the ride

Hope this helps
  • #85,851
  • Jan 20, 2018 9:08am Jan 20, 2018 9:08am
I have been thinking a lot lately, and I thought I should share my thoughts and frustrations here in this thread that brought me so much.

There are successful traders that use different techniques (Emmanuel, Strat, Divergent, Cable Guy, to name a few), but they all trade the same instruments, so there should be common denominators, right?

The common denominator is: trade the trend and don't trade when there is no visible trend (at least H4 as far as I am concerned).
Also, I absolutely agree that S/R is key, but I see too many exceptions to BUOB, BEEB etc formations to initiate a trade. Depending on the timeframe you choose, the shape of the candle will be different, it's only your perception that changes. The only, indisputable real thing is whether the price goes up or down.

The real difference between indicator-led traders and PASR traders is, in my opinion, similar to foot soldiers and archers in an army. Foot soldiers gain new ground, i.e. create/participate to the momentum while archers create/participate to the defense of trenches from which a new assault can start.

I would personally prefer to be an archer to avoid being slaughtered as a foot soldier on the wrong assault PROVIDED the trend is in my favor. But again, I don't run one battle, I have 15-20 battles I need to monitor at the same time, and I can't do that without some level of automated monitoring.

So I took a hard look at what I believe to be solid principles I must rely on and, should those fail me, I should just give up trading and tried to create a set of rules:

1. Don't trend unless the price closes over/under PAC in H4, Daily or Weekly
2. Take trades on 5, 15 or 60mn signals in the direction of the trend confirmed on 1
3. As the main trend is confirmed on 1, no need to wait for yet another PAC/APB confirmation BUT the trade must be taken when a counter-trend in lower TF has expired, not before. How does one assume a counter-trend has expired? There are several solutions depending on your risk tolerance. It may be defined by going back into the PAC band, crossing the middle of the PAC band, you name it.
4. The idea is still to trade the trend, but not seek double confirmation in higher timeframe and lower timeframe, which is redundant if you believe in the trend.

This wouldn't be as bleeding edge as what Divergence or Cable Guy are doing, but again, I need/want to trade everyday with a net gain of 30-50 pips daily, and therefore I cannot know in advance which specific instrument will provide me that although I know there will be one that is likely to provide me that with an established trend and an opportunity to enter a counter-trend in a lower timeframe.

This is work in progress, so don't see much into it. But, as an illustration, here is what it would inspire me on the DJI30 which has a very strong Daily and Weekly uptrends despite being caught in its H4 PAC band

Comments are welcome
D

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  • #85,852
  • Jan 20, 2018 11:54am Jan 20, 2018 11:54am
I did a video to answer darkos statement The common denominator is: trade the trend and don't trade when there is no visible trend for all newbies the main question is it trending right? the common thing is throw up some indicator to show me but it doesn't always show you the trend. why trade 4hr charts if you tend to just scalp it that makes no sense. If your goal is to make 20 to 40 pips a day you need a better plan than that heres one for you
Inserted Video
  • #85,853
  • Jan 20, 2018 12:56pm Jan 20, 2018 12:56pm
Quoting darko2010
I have been thinking a lot lately, and I thought I should share my thoughts and frustrations here in this thread that brought me so much. There are successful traders that use different techniques (Emmanuel, Strat, Divergent, Cable Guy, to name a few), but they all trade the same instruments, so there should be common denominators, right? The common denominator is: trade the trend and don't trade when there is no visible trend (at least H4 as far as I am concerned). Also, I absolutely agree that S/R is key, but I see too many exceptions to BUOB,...
Your idea is very interesting to me as I have been researching the same.
My current side research is looking at those long wicks that form the highs and lows. When they occur looking at the Elliot wave sequence on lower time frame and assessing them to find a common pattern that indicates a reversal with more confidence as a trigger to trade the next swing high/low.
  • #85,854
  • Jan 20, 2018 2:38pm Jan 20, 2018 2:38pm
Quoting Divergence
I did a video to answer darkos statement The common denominator is: trade the trend and don't trade when there is no visible trend for all newbies the main question is it trending right? the common thing is throw up some indicator to show me but it doesn't always show you the trend. why trade 4hr charts if you tend to just scalp it that makes no sense. If your goal is to make 20 to 40 pips a day you need a better plan than that heres one for you https://youtu.be/8hZeCk1yVXo
Divergence, excellent, simple to the point explanation of Dow theory...it happened I took the precise trade you were talking about in your video.
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Always trade your own plan...I don't provide trading signals.
  • #85,855
  • Jan 20, 2018 2:52pm Jan 20, 2018 2:52pm
Glad to hear that someone is listening. When you learn how the market structure works trading will be simple
  • #85,856
  • Jan 20, 2018 2:59pm Jan 20, 2018 2:59pm
Quoting Divergence
Glad to hear that someone is listening. When you learn how the market structure works trading will be simple
the pattern is known and working for over 100 years why not to use it?
Always trade your own plan...I don't provide trading signals.
  • #85,857
  • Jan 20, 2018 3:51pm Jan 20, 2018 3:51pm
Quoting Divergence
I did a video to answer darkos statement https://youtu.be/8hZeCk1yVXo
Thank you divergence, I appreciate your taking the time to make a video, that was a clear demonstration of your skills.

Maybe I should stick to a single market (Dow, Dax, EU...) and then your approach would obviously the right choice provided I have your level of read of market action. On analyzing 15 markets real time, it seems challenging though, but again, does one need to monitor that many markets?

Good food for thought, again, thanks for your time and consideration
  • #85,858
  • Jan 20, 2018 3:57pm Jan 20, 2018 3:57pm
Darko find a nice moving market with nice atr pick a good time where there's a good amount of volume and stay there. I have traded nothing else for 4 year's but the emini Nasdaq in the futures market why should I
  • #85,859
  • Jan 20, 2018 7:52pm Jan 20, 2018 7:52pm
Quoting Divergence
Darko find a nice moving market with nice atr pick a good time where there's a good amount of volume and stay there. I have traded nothing else for 4 year's but the emini Nasdaq in the futures market why should I
That's good advice, and I have been tempted by a single market in the past. Yet I can't unlearn what I believe to be true, i.e. the price obeys to the trend of the higher timeframe and even though an experienced trader like you could make money selling even in an uptrend (defined as a HH/HL environment in the higher timeframe), this is where I made 99.99% of my losses.

Looking at what your posts and what I am trying to explore, I feel we are not too far apart, mainly thanks to what you and CB posted recently here. Where you enter on 2 in a 1-2-3 is about where my PAC gives me a signal. You look at candles, I look at relative levels, but they seem to coincide for the most part.

I really look forward to exchanging views as I test this approach in the coming days. You brought me a lot today, I truly am grateful
  • #85,860
  • Jan 21, 2018 1:23pm Jan 21, 2018 1:23pm
My weekly top down analyses ended with GN/GA long as top pick --
AJ and NJ possible longs after breakout..

IŽll try to find fitting entries at the beginning of the week.

stay tuned
Guido
Risiko birgt immer auch die Chance.
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