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Trading Made Simple

  • #86,161
  • Feb 11, 2018 4:05pm Feb 11, 2018 4:05pm
Quoting 33drifter
On the chart below the yellow circles are good trades and the green boxes are ranging and all twisted together so leave them alone. {image}
Attached Image


And how do you forecast not to trade on a TDI cross where the market starts to range? Looking at this chart example everything marked inside the green box already happened and its easy to see market was ranging there... But i don't have this information normally when to decide entering or not!?

However if you would remove everything to the right side of the picture regarding to the rules i would normally want to enter a trade on TDI crossing, lets say the first cross marked inside your outlined green area would have been a long, right?

I am new to trading and would like to learn. So hope this is no stupid question and someone could tell me how to avoid such ranging markets here
  • #86,162
  • Feb 11, 2018 7:48pm Feb 11, 2018 7:48pm
Quoting lddd
{quote} {image} And how do you forecast not to trade on a TDI cross where the market starts to range? Looking at this chart example everything marked inside the green box already happened and its easy to see market was ranging there... But i don't have this information normally when to decide entering or not!? However if you would remove everything to the right side of the picture regarding to the rules i would normally want to enter a trade on TDI crossing, lets say the first cross marked inside your outlined green area would have been a long,...
No Stupid questions. Yes you have more to learn. I am new to this strategy as well. Read more of Big E Rules & practice Demo. We can only analyze what we see at the time to forecast a Probability of what might happen. Practice in patience this game is... Crystal ball anyone? lost mine. LOL! yup I may have entered long as well inside green area? Time of day? keep in mind this is an old 1HR chart as an example. Best wishes.

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  • #86,163
  • Edited 9:17pm Feb 11, 2018 8:14pm | Edited 9:17pm
Really amaizing system.I tested this system with FXblue simulator,started from Mar .2017 until now. 10000$ turned to 100000$ in one year.I just tested Euro/usd, in H4. in order to avoid counter trend trade,I added MMA indicator to original system, changed the original TDI with TDI RealTime,and gave very excellent result.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TMS1.jpg Size: 99 KB
Click to Enlarge Name: TMS2.jpg Size: 113 KB
Attached File(s)
File Type: ex4 MMA.ex4   12 KB | 575 downloads
File Type: ex4 TDI Red Green RealTime.ex4   16 KB | 626 downloads
  • #86,164
  • Edited 1:43pm Feb 12, 2018 5:16am | Edited 1:43pm
Quoting moljer
Really amaizing system.I tested this system with FXblue simulator,started from Mar .2017 until now. 10000$ turned to 100000$ in one year.I just tested Euro/usd, in H4. in order to avoid counter trend trade,I added MMA indicator to original system, changed the original TDI with TDI RealTime,and gave very excellent result. {image} {image} {file} {file}

my suggestion:
run the same test with same parameters for these pairs -AUDUSD, GBPUSD, USDCAD, USDCHF, AUDJPY, EURJPY ,USDJPY and GBPJPY.

then pick the best 3 pairs and trade live for 24 to 26 months. You can make money when you pick the right pairs and if he market repeats the same conditions in the next 3 years.

Edit ... 24 to 36 months (3 years plan)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,165
  • Feb 12, 2018 5:19am Feb 12, 2018 5:19am
Quoting lddd
{quote} {image} And how do you forecast not to trade on a TDI cross where the market starts to range? Looking at this chart example everything marked inside the green box already happened and its easy to see market was ranging there... But i don't have this information normally when to decide entering or not!? However if you would remove everything to the right side of the picture regarding to the rules i would normally want to enter a trade on TDI crossing, lets say the first cross marked inside your outlined green area would have been a long,...

its quite simple:

Do Not trade when the HA candles are small and when the PA is near or in consolidation area.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,166
  • Feb 12, 2018 5:35am Feb 12, 2018 5:35am
Quoting nigpig
I was manually trading AUDUSD last week and and did well. Easy when the trend continues all week after making the correct initial pick using weekly. {image} If I had done this with my MEME trade manager I would have got close to this simulation below. This is using fixed lot sizes with a max of 3 MEME entries at one time on a gris spacing of 0.5 ADR(daily 100). More risk though as a reverse in trend will wipe out all profit unless closed early. {image}

do not look at and analyse single currency pair trades but rather look at longer term trading a basket of currency pairs over several months.

look at system performance over 3 to 5 years period.

you must first achieve consistency in 3 years and maintain consistency for 5 years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,167
  • Feb 12, 2018 11:22am Feb 12, 2018 11:22am
Quoting emmanuel7788
{quote} do not look at and analyse single currency pair trades but rather look at longer term trading a basket of currency pairs over several months. look at system performance over 3 to 5 years period. you must first achieve consistency in 3 years and maintain consistency for 5 years.
Thank you for this reminder Emm. I actually work on one pair from each of the five groups as routine. Just took this pair from last week as it did well as did my others were a mixture. Although I had some losses last week particularly with GBPAUD which started off the week down and then reversed, I came out in profit. I also get your point about averaging over all the pairs in a long term plan. I'm starting the point at which I have my own strategy and have started testing it in demo. My aim is to to build confidence over the coming weeks and finalise my plan to take forward.
  • #86,168
  • Feb 12, 2018 11:30am Feb 12, 2018 11:30am
Торговля России рынок [приложить] Снимок экрана 2018-02-12 в 20.25.07.png; 2674191 [/ приложите]
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  • #86,169
  • Feb 12, 2018 1:48pm Feb 12, 2018 1:48pm
EURAUD Week 07 Feb 13

interesting pair after that huge Weekly candle moved 470 pips and followed with 5 days small D1 candles.
some see double tops,
some see triple tops,
some see head and shoulders,
different chart patterns in different chart timeframes,

but the support and resistance is there.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,170
  • Feb 12, 2018 1:57pm Feb 12, 2018 1:57pm
Quoting nigpig
{quote} Thank you for this reminder Emm. I actually work on one pair from each of the five groups as routine. Just took this pair from last week as it did well as did my others were a mixture. Although I had some losses last week particularly with GBPAUD which started off the week down and then reversed, I came out in profit. I also get your point about averaging over all the pairs in a long term plan. I'm starting the point at which I have my own strategy and have started testing it in demo. My aim is to to build confidence over the coming weeks...

GBPAUD is 'trapped' as we seen on the MN. Same huge Weekly candle and tempting to sell on D1.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,171
  • Feb 12, 2018 2:04pm Feb 12, 2018 2:04pm
Quoting emmanuel7788
EURUSD Wekk 06 Feb 07 update: yesterday D1 was indecision with that spinning top candle.... 1.2359 key level. anything can happen today and rest of the week but I know we are in range trading within that Weekly High Low. {image} TMS chart shows HA candle within the PAC so I am not selling yet. I am trading the range so I stay on the Weekly buyers side until I get trade invalidation. {image}
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EURUSD Week 07 update:

So far that Weekly low held on as support.
Can we continue with buy at support?

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H4 show a good TDI bounce type of trade but with recent resistance t the left, will it break above?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,172
  • Feb 12, 2018 2:12pm Feb 12, 2018 2:12pm
AUDJPY Week 07

Two gray regions where price can go to in the days and weeks ahead.

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but correction traders love this after that big weekly candle, they love to pick bottoms.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,173
  • Feb 12, 2018 2:18pm Feb 12, 2018 2:18pm
How's it going guys?

My fave set-up - The C&H with retest of subwave (i) (prior Demand);

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #86,174
  • Feb 13, 2018 12:36am Feb 13, 2018 12:36am
AUDUSD and EURUSD H4 trades Feb 13

basic entry when price close above the PAC.

move SL to BE +10pips when price move +25pips.


Attached Image (click to enlarge)
Click to Enlarge Name: AUUSD Week 07 Feb 13 H4 trade BE.png Size: 26 KB



Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 07 Feb 13 H4 trade BE.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,175
  • Feb 13, 2018 12:38am Feb 13, 2018 12:38am
AUDJPY H4 trade Bearish Engulfing Outside Bar set up at RN 85.50.

Did not wait for price to close below the PAC.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 07 Feb 13 BEOB.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,176
  • Feb 13, 2018 1:44am Feb 13, 2018 1:44am
USDCHF Feb 13 H4 trade

late entry one hour after the H4 candle open,
set my TP at the BRN 0.9300

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Week 07 Feb 13 H4 trade.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,177
  • Feb 13, 2018 6:31am Feb 13, 2018 6:31am
Quoting emmanuel7788
AUDUSD and EURUSD H4 trades Feb 13 basic entry when price close above the PAC. move SL to BE +10pips when price move +25pips. {image} {image}
For the AUD/USD there was no TDI Cross or do i get this wrong?

Currently i am trading the M30 but with less success as there seems to be a lot of noise. Can you provide me with latest template and indicators used for the H4, that would be great. Currently i am using the Synergy TDI Pro.
  • #86,178
  • Feb 13, 2018 5:39pm Feb 13, 2018 5:39pm
Quoting emmanuel7788
{quote} USDJPY moving down nicely, where will it pause next? any major support seen to the left? if you believe it will move lower to 105.00 then sell those rallies. {image}

USDJPY Week 07 Feb 14 update

Nice move this week breaking that Weekly High-Low.
Longer term target 105.00 still in sight but will take days maybe weeks, sell the rallies but be careful when the bullish corrections run deep.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,179
  • Edited 6:00pm Feb 13, 2018 5:49pm | Edited 6:00pm
Quoting lddd
{quote} For the AUD/USD there was no TDI Cross or do i get this wrong? Currently i am trading the M30 but with less success as there seems to be a lot of noise. Can you provide me with latest template and indicators used for the H4, that would be great. Currently i am using the Synergy TDI Pro.
like you said, M30 is 'lot of noise' so why risk your money trading with the noise?

if you are a newbie, then my suggestion is to start trading like Big E when he was a newbie back in 2008. Use the same template he posted here:

https://www.forexfactory.com/showthr...76#post4431776

and read all his posts from 2008 to 2011. Master trading looking at the price action and the price momentum, look at support and resistance on your trading charts.
Know which trend you are trading - the shotr term trend and the long term trend. Do No trade when the market is in consolidation or near a consolidation area.
Better to trade H4 and D1 chart timeframes, these will produce better results and you will gain more confidence.

Edit.
If you are using the Synergy Pro TDI, the rules are different how you use that TDI version for trading.
Do Not mix the rules of different TDI versions.
Better write your own rules for entry and exits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,180
  • Feb 13, 2018 5:57pm Feb 13, 2018 5:57pm
Quoting emmanuel7788
AUDUSD and EURUSD H4 trades Feb 13 basic entry when price close above the PAC. move SL to BE +10pips when price move +25pips. {image} {image}

AUDUSD and EURUSD trade updates.

AUDUSD closed at Trailing Stop Loss TSL. This trade went no further for hours would have close that manually if I had to.

Attached Image (click to enlarge)
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EURUSD , move TSL to protect 42pips and wait for final TP at BRN 1.24000.

Attached Image (click to enlarge)
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trailing very tight, if set trailing to PAC Low, there is more room but it would be giving up too many pips.
if stopped out, will look for re-entry later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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