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Trading Made Simple

  • #89,721
  • Aug 20, 2018 8:13am Aug 20, 2018 8:13am
Quoting lddd
{quote} But there was not crossover on the H1 The DE30 chart chart shows a short entry on the M15, but thats it.
Closed order when H1 did not gross over.
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  • #89,722
  • Aug 20, 2018 9:07am Aug 20, 2018 9:07am
Quoting Tekkies
{quote} Closed order when H1 did not gross over. {image}
Not a good trade. Very risky. What happened to GBP/USD btw? Thought you only trading this one market.
  • #89,723
  • Aug 20, 2018 9:15am Aug 20, 2018 9:15am
Quoting lddd
{quote} Not a good trade. Very risky. What happened to GBP/USD btw? Thought you only trading this one market.
??????????? Is it a crime to trade a other market.
GU is ranging. Told you so last week.
  • #89,724
  • Aug 20, 2018 11:04am Aug 20, 2018 11:04am
Quoting emmanuel7788
{quote} GBPUSD Week 34 Aug 20 to 24 I have one open basket from last week - 3 open sell positions in one basket. I will manage this basket this week and if the market become choppy, it can be closed with breakeven or a small loss which will eat some of my profits made so far in August. ($826 and 1184 pips, total 23 positions closed) Weekly Chart below: The market type changed as the price lost its downward momentum. It is range trading so we adapt our TMS trading strategy for range trading. We want to trade only the best setups and look for swing...
GBPUSD Week 34 Aug 20 H4 Double Bar Low Higher Close DBLHC

will show positive price momentum in the RSI, in this case using the TDI the Green will show a check mark.

Note the fake TDI Green cross Red in the previous red bar/HA candle.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 34 Aug 20 DBLHC.png Size: 81 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 34 H4 DBLHC example.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,725
  • Aug 20, 2018 11:30am Aug 20, 2018 11:30am
Quoting emmanuel7788
USDJPY d1 chart Aug 16 with that Aug 15 BEOB , today morning some selling early and with the support below, caution! it would have been different if Aug 15 was an engulfing bar like BEEB/BEOB {image} now, do you see why I have my chart switch Bar Chart and the APB/HA candle in the background.
Attached Image (click to enlarge)
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Anyone followed up with USDJPY D1 ?

PA is now at that support again... What If scenario?

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 34 Aug 21 D1.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,726
  • Aug 20, 2018 12:09pm Aug 20, 2018 12:09pm
Quoting emmanuel7788
{quote} GBPUSD Week 34 Aug 20 H4 Double Bar Low Higher Close DBLHC will show positive price momentum in the RSI, in this case using the TDI the Green will show a check mark. Note the fake TDI Green cross Red in the previous red bar/HA candle. {image} {image}
With the 2nd chart, the 4 Hour with check mark, does that still show on your chart even now?

I don't see the green / red cross on the 1st chart in the mini-chart for 4 Hour

Perhaps the chart not refreshed; I think that used to be a debatable point, the old repainting issue!

What are the current thoughts on that?

I notice you use TDI from Post 25, that is based on the original genuine TYDI isn't it?

Thanks

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It takes a lot for me to IGNORE you, but you can try.
  • #89,727
  • Aug 20, 2018 12:11pm Aug 20, 2018 12:11pm
Quoting The Cableguy
{quote} ...The other ingredient here is that Sierra charts is by far the best and most versatile platform out there, perfect for scalping. Futures is also a world away from FX.
Thanks for a summary of your trading approach. In regards to Sierra charts vs TradingView charts. Do you have any experience with TV to give an opinion on how it would rank against Sierra?
  • #89,728
  • Aug 20, 2018 4:35pm Aug 20, 2018 4:35pm
Quoting Erebus
{quote} With the 2nd chart, the 4 Hour with check mark, does that still show on your chart even now? I don't see the green / red cross on the 1st chart in the mini-chart for 4 Hour Perhaps the chart not refreshed; I think that used to be a debatable point, the old repainting issue! What are the current thoughts on that? I notice you use TDI from Post 25, that is based on the original genuine TYDI isn't it? Thanks {image}
Hi Erebus,

My 2nd chart still show the TDI check mark when I do not refresh that chart. If I refresh that chart, it will show exactly like your chart.
This is the main issue for all traders learning from the OP's training charts which are all refreshed charts and when they tried to trade like him using the TDI angle 12-2 and 4-6, this is the root cause of the problem. That TDI from post#25 was the first version downloaded from the CompassFX (2006/2007)website. However, subsequent versions from the same website are different.

My 1st chart where I show the pipware multi-chart and that TDI version is using the setting of the new Synergy Pro_TDI. When I use this version , the TDI angle 12-2 and 4-6 is obsolete. I look at the Price Action of the price bar and the APB/HA candles.

Your chart shows both TDI after they are refreshed and both look exactly the same. But both TDI RT version also repaints several bars later. That can be seen usually after 13 bars but not so noticeable.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,729
  • Aug 20, 2018 4:54pm Aug 20, 2018 4:54pm
Quoting Erebus
{quote} With the 2nd chart, the 4 Hour with check mark, does that still show on your chart even now? I don't see the green / red cross on the 1st chart in the mini-chart for 4 Hour Perhaps the chart not refreshed; I think that used to be a debatable point, the old repainting issue! What are the current thoughts on that? I notice you use TDI from Post 25, that is based on the original genuine TYDI isn't it? Thanks {image}

Here is an example with DE30 H1 price gap.
The traders who only trade TDI Green cross Red and traded BUY got lucky.


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Aug 20 H1 price gap and TDI.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,730
  • Aug 20, 2018 5:18pm Aug 20, 2018 5:18pm
PRICEACTION_AHA

If you want to trade the following price bar patterns below, you can make your life a little easier.
Make sure you have a trade plan and know what to look for.

Indicator with email alert for
DBHLC / DLCHC
BEOB/BUOB
IB
PB

Go to this old post 80,864

https://www.forexfactory.com/showthr...9#post10095219
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,731
  • Aug 20, 2018 5:31pm Aug 20, 2018 5:31pm
Quoting emmanuel7788
{quote} {image} Anyone followed up with USDJPY D1 ? PA is now at that support again... What If scenario? {image}
Learn to trade with Average Price

but first you must fall in love with the Average Price Bar APB/HA candles.

look at Weekly W1 and Daily D1, you only need to trade once a day, you decide which hour of your day you want to check you trading charts and place your first order.
If you choose to place an order on H1, then you have any 24 H1 candle time.
If you choose to place an order on H4, then you have 6 H4 candle time.

Soon you will learn that the TDI is nice to have but not necessary for you to make money.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 34 AUg 21 update TOK.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,732
  • Aug 20, 2018 5:51pm Aug 20, 2018 5:51pm
Quoting emmanuel7788
{quote} GBPUSD Week 34 Aug 20 H4 Double Bar Low Higher Close DBLHC will show positive price momentum in the RSI, in this case using the TDI the Green will show a check mark. Note the fake TDI Green cross Red in the previous red bar/HA candle. {image} {image}

GBPUSD Week 34 H4 still going strong after that DBLHC setup for CONTINUATION

you got your Entry, but your Exit will determine how much money you will make.

Now you ask yourself, what do you use for Exit?

1) When do you use Post#6?

2) When do you use Post#8449?

3) When do you use Post#10,736?

4) do you have another Exit strategy?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 34 Aug 21 TOK update.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,733
  • Aug 20, 2018 6:02pm Aug 20, 2018 6:02pm
AUS200

To catch a Falling knife trade.

Beware of dead cat bounce!

Attached Image (click to enlarge)
Click to Enlarge Name: AUD200 took a plunge Aug 21.png Size: 90 KB


use a Blade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,734
  • Aug 20, 2018 6:06pm Aug 20, 2018 6:06pm
Quoting The Cableguy
{quote} There are two main types of PA. Firstly, fast moving, driving PA, what EW'ers will refer to as a powerful 3rd wave... this kind of PA is often confined to a channel. The second style is of choppy action where there are many crossovers and retraces are deeper. I am a Supply/Demand trader, primarily... but i am still learning how to combine it together with my EW eye - not so much 'unlearning' as learning how to adapt and marry the two methods together. Sometimes it is necessary to blank that view and other times it is beneficial to use it.......

Hi Cable

Really,

So you think Sierra Charts is better than MT4

I agreed if your scalping forex and futures,
However above the 5 minute frame, it lacks a very very very important feature that allows traders to earn a "trading made easy" wage.


You need to know that I trade with both Sierra Charts and MT4 and I know which one earns me my most money by a mile and a half.
Not looking for a argument, just a discussion.
Trading thin liquidity at the boundary of the charts
  • #89,735
  • Aug 20, 2018 6:21pm Aug 20, 2018 6:21pm
GBPUSD Week 34 H1

Too late to buy, too early to sell

Bears are clever animals...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 34 bear waiting for feast.png Size: 218 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,736
  • Edited Aug 21, 2018 1:51am Aug 20, 2018 11:39pm | Edited Aug 21, 2018 1:51am
Quoting Tekkies
{quote} ??????????? Is it a crime to trade a other market. GU is ranging. Told you so last week.

When price take some profit you are afraid to make the same mistake again. Almost lost profit in GU ranging for those many days on the H1 time frame.
Missed this nice entry.
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Missed this one also. Not going to stand up in the middle of the night.
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Late again
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Edit:
That H1 bounce made my whole day go sour. Close now will take two weeks profit.
Lesson: When method say enter than enter. Don't jump in after the fact.
Hindsight show where M15 (blue dot) said close orders. H1 green dit not cross over as it should have.
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  • #89,737
  • Aug 21, 2018 1:06am Aug 21, 2018 1:06am
Beware of price gaps and the TDI cross maybe a fake signal

but some days you can get lucky.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 price gap and fake TDI.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,738
  • Aug 21, 2018 1:45am Aug 21, 2018 1:45am
Quoting Tekkies
{quote} When price take some profit you are afraid to make the same mistake again. Almost lost profit in GU ranging for those many days on the H1 time frame. Missed this nice entry. {image} Missed this one also. Not going to stand up in the middle of the night. {image} Late again {image} Edit: That H1 bounce made my whole day go sour. Close now will take two weeks profit. {image}

Your H1 TDI cross had repainted.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post 89736 edited.png Size: 510 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,739
  • Aug 21, 2018 2:24am Aug 21, 2018 2:24am
Quoting eelfranz
Wickedwin, I don't refresh my TDI... just trade it like I see it... {image}

Did Big E refresh his charts when he trade?

Compare these two chart below using the TDI Red Green version from Post#25.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 price gap and fake TDI.png Size: 63 KB
..

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Aug 20 H1 price gap and TDI update.png Size: 48 KB


I hope by now many of you know why you lose money trading with the wrong version of the TDI and tried to trade like Big E.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #89,740
  • Aug 21, 2018 2:30am Aug 21, 2018 2:30am
Quoting emmanuel7788
{quote} Did Big E refresh his charts when he trade? Compare these two chart below using the TDI Red Green version from Post#25. {image}.. {image} I hope by now many of you know why you lose money trading with the wrong version of the TDI and tried to trade like Big E.
good one
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