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Trading Made Simple

  • #86,281
  • Mar 7, 2018 1:38pm Mar 7, 2018 1:38pm
'Trading Made Simple'... that is the title of the thread, is it not???

Everytime i look at charts on here, it always looks so incredibly complicated!

Identify a trend, observe where the large orders were placed, (the clues are in the PA folks) and wait for the retest of that level, to join in the fun;

UJ earlier;

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Rinse repeat, Audi;

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Loonie;

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and on and on...

8 trades today, 1 loser, 7 winners and +148 pips. All positions closed, so you can get a good nights sleep, now that is trading made simple...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #86,282
  • Mar 8, 2018 8:40am Mar 8, 2018 8:40am
Hi!

Todays entries based on TDI.

Trades are from 12.20pm to 4.15pm.
AUDUSD sell -4,5p
Attached Image (click to enlarge)
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GBPUSD sell -4,6p
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AUDJPY sell -7,5p
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Regards,
SP
  • #86,283
  • Mar 8, 2018 1:25pm Mar 8, 2018 1:25pm
After showing good results 2 weeks ago (and before) I have to admit I'm not doing well this week and have stopped for a refresh and further study and back to basics over the weekend.

I carefully chose my four pairs with top down analysis for my best choices and chose to trade initially in those directions. I chose EA long, AJ short, ACad long after watching and NU short. I did not realise that markets would go sideways so much until I was committed. A negative week for me overall.
  • #86,284
  • Mar 8, 2018 3:58pm Mar 8, 2018 3:58pm
Quoting nigpig
After showing good results 2 weeks ago (and before) I have to admit I'm not doing well this week and have stopped for a refresh and further study and back to basics over the weekend. I carefully chose my four pairs with top down analysis for my best choices and chose to trade initially in those directions. I chose EA long, AJ short, ACad long after watching and NU short. I did not realise that markets would go sideways so much until I was committed. A negative week for me overall.
nigpig
top down analysis is a waste of time. Saturday / Sunday you do a analysis. By Wednesday that analysis is:
+- 50 hours out of date.
= 2*D1 + few hours
= 12*H4 + 1 or 2 hours
= 50*H1
Do you trade with current information or with outdated information?

"I did not realise that markets would go sideways " sum it pretty much up.

Use TDI cross over on all chart's. When you see a cross over on any chart any time then only you take action.
1. Find the trend up or down
2. Find S/R level
3 Apply #647

No cross, No Rules, No Trade
  • #86,285
  • Mar 8, 2018 4:02pm Mar 8, 2018 4:02pm
Quoting Tekkies
{quote} nigpig top down analysis is a waste of time. Saturday / Sunday you do a analysis. By Wednesday that analysis is: +- 50 hours out of date. = 2*D1 + few hours = 12*H4 + 1 or 2 hours = 50*H1 Do you trade with current information or with outdated information? "I did not realise that markets would go sideways " sum it pretty much up. Use TDI cross over on all chart's. When you see a cross over on any chart any time then only you take action. 1. Find the trend up or down 2. Find S/R level 3 Apply #647 No cross, No Rules, No Trade
Thank you Trekkies.
  • #86,286
  • Mar 8, 2018 6:04pm Mar 8, 2018 6:04pm
Quoting nigpig
After showing good results 2 weeks ago (and before) I have to admit I'm not doing well this week and have stopped for a refresh and further study and back to basics over the weekend. I carefully chose my four pairs with top down analysis for my best choices and chose to trade initially in those directions. I chose EA long, AJ short, ACad long after watching and NU short. I did not realise that markets would go sideways so much until I was committed. A negative week for me overall.
Have you really done your top down analysis consistently every month end and after each week closed? Is the approach you use CONSISTENT?
What are the output of your top down analysis?
Has the monthly view/big picture changed this week?
What about weekly view/big picture, has it changed now that it if Friday?
As the trader, we must be prepared for anything that can happen every day and during the week. What happened last week for example is nothing seen on the economic calendar.

Those three pairs you mentioned - EURAUD, AUDJPY and AUDCAD are all trading at key support and resistance after been 'trending' weeks.
The direction bias from the Weekly view is quite obvious but as traders we must be prepared for the changing market environment every day and b not be fixed to our mental bias formed when we do our top down analysis.
NZDUSD is also obvious when you look at the MN and W1. Excellent for for ME/ME.

Doing top down analysis also mean you look for trades opportunities from the higher timeframes - Weekly, Daily, then down to H4.
You need to see the Big Picture of every pair and be prepared for both buy and sell SE/SE trades when you trade H4 swing during the week.
But for D1 and W1 trades, I take only one direction and trade with ME/ME with M5 entries with my trade manager.

If you manually trade H1 and M15, you can trade anything you want every day. I stop wasting my time looking at low timeframe charts.

Overall, did you also consider the market events from last week and those key news/data release this week?
Last week Mr Trump 'started' what potentially can be a trade tariff war and got the market spooked. This week we have several key events/news in the economic

This week there were question about market CONSOLIDATION and how to trade when there is narrow ranged market type in several pairs.

On all the H4 charts are several pairs with H4 MASTER CANDLES and also INSIDE BARs. Those TDI crosses are useless to trade when you see these market conditions. Taking TDI crosses will be disaster and only more losses.

Below is an example USDCHF H4. That Mother Bar of the Inside Bar at a key Weekly resistance and the BRN 0.9400. Inside Bar is just one type of CONSOLIDATION which I look for when I trade.
This SE/SE H4 trade is now at BE+ and floating +100pips. I let it run until NFP later today.


Attached Image (click to enlarge)
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Could you have traded H1 and M15 with price action and use Support and Reistance for this pair?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,287
  • Mar 8, 2018 6:09pm Mar 8, 2018 6:09pm
Quoting SuperPip
Hi! Todays entries based on TDI. Trades are from 12.20pm to 4.15pm. AUDUSD sell -4,5p {image} GBPUSD sell -4,6p {image} AUDJPY sell -7,5p {image} Regards, SP

you traded when the price is sideways in the H4 Master Candles High -Low.

The TDI is useless under these conditions.... ranging market.
Better trade H1 and use price action with support and resistance.
THE H4 Master Candle High-Low are the support and resistance.

Look at your Weekly and see what you missed.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,288
  • Mar 9, 2018 2:00am Mar 9, 2018 2:00am
Quoting emmanuel7788
{quote} you traded when the price is sideways in the H4 Master Candles High -Low. The TDI is useless under these conditions.... ranging market. Better trade H1 and use price action with support and resistance. THE H4 Master Candle High-Low are the support and resistance. Look at your Weekly and see what you missed. {image} {image} {image}
Dear, Emm!

Thank you for your feedback! I really appreciate it!
When I saw the consolidation yesterday, then understood
it was so familiar, like before, when it is was an NFP week.

SP
  • #86,289
  • Mar 9, 2018 2:01am Mar 9, 2018 2:01am
Quoting emmanuel7788
{quote} Have you really done your top down analysis consistently every month end and after each week closed? Is the approach you use CONSISTENT? What are the output of your top down analysis?
This is a huge help thank you Emm.
  • #86,290
  • Mar 9, 2018 2:10am Mar 9, 2018 2:10am
Quoting emmanuel7788
{quote}
both buy and sell SE/SE trades
...trade with ME/ME with M5 entries
I was searching in thread, but from where I can find description for ME/ME, SE/SE, POMO
trades?

With thanks,
SP
  • #86,291
  • Mar 9, 2018 6:08am Mar 9, 2018 6:08am
Quoting SuperPip
{quote} I was searching in thread, but from where I can find description for ME/ME, SE/SE, POMO trades? With thanks, SP
MEME = multi entry and exit.
https://www.forexfactory.com/showthr...5#post10432815

SESE = single entry and exit.
https://www.forexfactory.com/showthr...1#post10658321

I dont know what POMO is.
  • #86,292
  • Mar 9, 2018 10:11am Mar 9, 2018 10:11am
buy audusd h1 +21 pips
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  • #86,293
  • Mar 9, 2018 12:48pm Mar 9, 2018 12:48pm
Quoting SuperPip
{quote} I was searching in thread, but from where I can find description for ME/ME, SE/SE, POMO trades? With thanks, SP

You have a lot of reading to catch up.

All my posts between 2015 and 2017 are about trading H4 and D1 chart timeframes with Multiple Entries / Multiple Exits.

The OP only traded H4 with Single Entry / Single Exit.

some old posts linked below:

https://www.forexfactory.com/showthr...49#post6645849

https://www.forexfactory.com/showthr...44#post6957144

https://www.forexfactory.com/showthr...39#post9011139

https://www.forexfactory.com/showthr...16#post8874916

https://www.forexfactory.com/showthr...5#post10303255


POMO ... don't go there now.... has nothing to do with trade entries and exits, its 20/20 vision.

It's weekend here and its going to be fun fill 2 days meeting some traders here in town.

Have fun reading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,294
  • Edited 9:41am Mar 10, 2018 7:29am | Edited 9:41am
For getting better understanding of the Big E TMS, I traded Dean Malones Synergy in Forex Tester.
Some results:

GU November of 2017, the strategy was working best on 15M, as Dean Malone traded it.
I tried 5M, 1H, 4H, 1D. Best performer was 15M
Entries was based by PAC, exits as it is described in strategy.
Trading started at FO and finished in NY lunch.
52 trades, 33 wins, 19 losses, average win 13,2p, average loss 5,4p. Kelly criterion is 0,48
Attached Image


GER30 February of 2018, 15M, Entry by PAC, exits as it is described in strategy.
66 trades, 37 wins, 29 losses, average win 51,5p, average loss 12,4p. Kelly criterion 0,45
Attached Image


XAUUSD was working best on 4H. 8H and 15M was not so successful. I traded it from July of 2017 to February 2018.
Entry by PAC, exit by change of color of HA candle, HA price action (small candle).
TDI was not needed.
67 trades, 33 wins, 34 losses. Average loss 399p, average win 903p. Kelly criterion 0,27
Attached Image


For me it shows, may be the PAC, HA and TDI are not good on 4H currencies.
I still continue TMS demo trading in March on 4H.

SP
  • #86,295
  • Mar 10, 2018 7:59am Mar 10, 2018 7:59am
Quoting SuperPip
For getting better understanding of the Big E TMS, I traded Dean Malones Synergy in Forex Tester. Some results: GU November of 2017, the strategy was working best on 15M, as Dean Malone traded it. I tried 5M, 1H, 4H, 1D. Best performer was 15M Entries was based by PAC, exits by green signal line, as it is described in strategy. Trading started at FO and finished in NY lunch. 52 trades, 33 wins, 19 losses, average win 13,25, average loss 5,43. Kelly criterion is 0,48 {image} GER30 February of 2018, 15M, Entry by PAC, exit by green line, as it is...


Hi,

when you say "entries based on pac, exits by green line signal described by strategy"whose strategy are you talking about? Big E's or Dean Malones? or someone else ..because Big E did not use PAC

and when you say exits.. do you mean waiting for tdi to go flat/hook or apb colour change ...or do you mean a tdi cross in the other direction?
  • #86,296
  • Mar 10, 2018 9:30am Mar 10, 2018 9:30am
Quoting kain775
{quote} Hi, when you say "entries based on pac, exits by green line signal described by strategy"whose strategy are you talking about? Big E's or Dean Malones? or someone else ..because Big E did not use PAC and when you say exits.. do you mean waiting for tdi to go flat/hook or apb colour change ...or do you mean a tdi cross in the other direction?
Everything was as it is described by Dean Malone (post #96)

Entry:
Attached Image (click to enlarge)
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Long exit:
Attached Image (click to enlarge)
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Short exit is vice versa.

When there was shorter bar I was looking more closely to price action and did not close the trade always.

SP
  • #86,297
  • Mar 10, 2018 11:00am Mar 10, 2018 11:00am
Hey guys,
this is my trading strategy. its very profitable. try this, let me know the results. ok you need

10 ema
21 ema
50 ema
100 ema

all them should be in line to place trade. i use 4h,1h,15min combination. so when its in line perfectly on 4hr check 1hr if its inline aswell or not,if they both then go to 15 min to place trade ,exit when 10 ema crosses 21 ema on 15 min. also look out for daily atr aswell,lets say daily range 100 pips on that particular pair u trading,if u get signal aftar it already moved over 50 pips,avoide that trade,u need some breathing room as it is day trading system.

for a SELL trade it should be 10 EMA at the bottom, 21 EMA above it, 50 EMA above 21 EMA and 100 EMA at the top.
For a BUY trade it should be 100 EMA at the bottom, 50 EMA above it, 21 EMA above the 50 EMA and 10 EMA at the top.
The exit is when, quote,when 10 ema crosses 21 ema on 15 min.

here is the link of my video

Inserted Video


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  • #86,298
  • Mar 10, 2018 12:47pm Mar 10, 2018 12:47pm
Quoting SuperPip
{quote} Everything was as it is described by Dean Malone (post #96) Entry: {image} Long exit: {image} Short exit is vice versa. When there was shorter bar I was looking more closely to price action and did not close the trade always. SP


Thanks for the reply.
  • #86,299
  • Mar 10, 2018 10:02pm Mar 10, 2018 10:02pm
Quoting SuperPip
For getting better understanding of the Big E TMS, I traded Dean Malones Synergy in Forex Tester. Some results: GU November of 2017, the strategy was working best on 15M, as Dean Malone traded it. I tried 5M, 1H, 4H, 1D. Best performer was 15M Entries was based by PAC, exits as it is described in strategy. Trading started at FO and finished in NY lunch. 52 trades, 33 wins, 19 losses, average win 13,2p, average loss 5,4p. Kelly criterion is 0,48 {image} GER30 February of 2018, 15M, Entry by PAC, exits as it is described in strategy. 66 trades, 37...
a small group of active TMS traders did all the tests for all 28 pairs back in 2011 to 2013. The conclusion is not far different from yours.

"" may be the PAC, HA and TDI are not good on 4H currencies.""

this is very true when the market is sideways and in narrow range.
always check 2 timeframes above H4 when we trade the 4H swing during the week. There are 29 (some have 30) H4 bars/candles in one Weekly.

1) the D1 must not be ranging withing its 5 days high low (that is what the use of the 5 period SMMA PAC on D1 will show).

2) the W1 must be 'trending', its PA must show High-Highs > Higher Lows or Lower Highs>Lower Lows.
When you see a big W1 price bar/candle exceeding more than 2 times its average weekly range (52 weeks), be careful of consolidation.
When you see a Wide Range Bar Weekly price bar/candle which close higher than the high of the previous week's high, the following week will most likely be and a Weekly Inside Bar/candle. Do not chase after the market with Single Entry / Single Exit trade.

Caution:
This weekend is DayLight Saving Time DST change over in the US. Some brokers also have their server time change from GMT+2 to GMT+3. This would mean your H4 bar/candle will close one hour different in Week 11 Mar 12 to 16. What will your TDI show you?

Trade Well folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,300
  • Mar 10, 2018 10:13pm Mar 10, 2018 10:13pm
Quoting SuperPip
{quote} Everything was as it is described by Dean Malone (post #96) Entry: {image} Long exit: {image} Short exit is vice versa. When there was shorter bar I was looking more closely to price action and did not close the trade always. SP

Well, like I have said many times.

If you are new to trading and have very little experience, then start the same way Big E started back in 2008 when he was a newbie. He traded several different systems and he took things from different systems to make his own. Synergy was one of the systems he traded from 2008 to 2009.

You have a choice, do you want to start trading by being conservative or do you want to jump in and trade aggressively? That is your choice. Give yourself time to learn and pick up the experience in the market. Then you will find a style that will fit you.
I choose the conservative style because it suits my personality.

Attached Image (click to enlarge)
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Be safe when you are trading with your hard-earned money from your day jobs.

Be discpline. Follow your preferred trading hours and chart timeframes you chose to trade. Do you trade plan every weekend and every day. now the market conditions before you start looking for TDI crosses.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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