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Trading Made Simple

  • #91,481
  • Sep 27, 2018 11:50pm Sep 27, 2018 11:50pm
Quoting beefStew
so what do you think that can be improved from this trade?
Take a look at the 5-EMA (the yellow line in the upper chart) -- which suggests the overall trend is still bullish.

I'm also new at this game and I'm forcing myself to respect the overall trend. Sometimes you can get away with not respecting it but, then, I suspect the OP would have said that's not TMS.
  • #91,482
  • Sep 28, 2018 12:42am Sep 28, 2018 12:42am
Quoting beefStew
so what do you think that can be improved from this trade?
Also, it looks like your upper chart is using a 5-SMA -- i.e. Simple Moving Average. It should be a 5-EMA -- i.e. Exponential Moving Average. When you change from SMA to EMA you'll notice a significant difference, which may influence how you interpret signals.
  • #91,483
  • Sep 28, 2018 1:08am Sep 28, 2018 1:08am
Quoting beefStew
Tekkies, here is a GBPAUD short trade from 2 days ago, 26 September. {image} based on post 647: - it is close to previous high - shortterm downtrend, longterm uptrend (but as i see it, it is kind of starting to hooking down) - back when it was live trading, i could not see any consolidation start forming. - comparing it to the previous other candles, the 1 previous candle is big enough for me. - the last reversal is the previous high i think. and it has long enough candles. - the TDI momentum was on about 05.00 direction - stoch is facing down so...
Only looking at the bar's after the v-line with big circle
- Angle below 5 - the best
- Against short term - Start of new down term trend (maybe) be careful Can't zoom out to see long term.
- S/L level - Yes price pulled back twice ( look left above time 12, 13, 14 and 20, 21) so that will put crossover between support and resistance. not so good
- TDI level - ideal lot of space to go down
- Bar - same size, show direction down unsure if it is good or so so.
- Wicks - Both on top and bottom of the bar, both wicks are long, Second red bar show how sellers pushed price back up. (Can't see first red bar wick under v-line) unsure to be good or so so
- Stoch confirm direction down good
Ok made a post#647 assessment. Now how many points were good, unsure, so so. This is where the tire contact the tar road and your start to gamble.
Some point's say place a trade, some say be careful, some say so so, some are unsure.
It is easy to say hindsight look here look there (Idddd know about that), you should not have taken the trade.
If any point can not be confirmed with certainty don't place a trade. Wait a few more minutes, houers, days.
Look how restrict BigE was with his entry's: #4238 which is very similar to the chart you posted.
  • #91,484
  • Sep 28, 2018 1:28am Sep 28, 2018 1:28am
Always the same reason to enter
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  • #91,485
  • Sep 28, 2018 2:22am Sep 28, 2018 2:22am
Quoting Tekkies
{quote} Only looking at the bar's after the v-line with big circle - Angle below 5 - the best - Against short term - Start of new down term trend (maybe) be careful Can't zoom out to see long term. - S/L level - Yes price pulled back twice ( look left above time 12, 13, 14 and 20, 21) so that will put crossover between support and resistance. not so good - TDI level - ideal lot of space to go down - Bar - same size, show direction down unsure if it is good or so so. - Wicks - Both on top and bottom of the bar, both wicks are long, Second red bar...
Tekkies,

The V-line with big circle was my cursor. i reuploaded 2 image, 1 with red arrow pointing my entry, the other 1 is the zoomed out pic of the chart.

- i just heard about support and resistance crossover. can you elaborate more why they are bad?

- is there any mechanical way to determine trend?
what i see is price forming lower high and lower low. thus the short term downtrend. as for long term trend, i dont really have a mecahnical way to determine it except eyeballing.

entry bar
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longterm trend
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- is it safe to say that TDI have a lot of space to go down if it is above 50 level and vice versa?

- yes now that i look at it again the bars is not really that bigger than the previous ones

- the entry bar doesnt have upperwick, but yes the next bar is very wicky. it was where i bailed out

Tekkies, looking back i now understand that the PA was all shitty, but the TDI and stoch setup is acceptable.
i should pay more attention to trends, candle wicks and their sizes. all is the PA part which is the hardest part for me. i think i should make some mechanical way to grade the PA.
Will try using the HTF too for additional confirmation.

Thanks
P.S: when i searched post #4238, it was not big E's post.
Ask, and it is given. Every single time, no exceptions.
  • #91,486
  • Sep 28, 2018 2:31am Sep 28, 2018 2:31am
Quoting emmanuel7788
{quote} {image} AUDCHF Sep 28 update: Today, H4 just made one test of that Weekly WRB High which acted as resistance. Nice day for those took the risk and were not afraid to buy into that WRB High resistance. Now we shall see how this week will close and if Week 38 has lost its 'control' of the range. Then we shall see the Market Type condition will change for next week/month trading. {image} Good Trading Folks,
I actually made this simple. If you refer to my post regarding this pair. I don't trade it anyway. Last week HA candle said it all. This week HA candle has been supporting up since monday and TDI has already cross.

Same applies to EURAUD which I trade anyway. Last week HA said it all.

Like you advise in the post not to go against Weekly and Daily
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #91,487
  • Sep 28, 2018 5:00am Sep 28, 2018 5:00am
Quoting beefStew
{quote} Tekkies, The V-line with big circle was my cursor. i reuploaded 2 image, 1 with red arrow pointing my entry, the other 1 is the zoomed out pic of the chart. - i just heard about support and resistance crossover. can you elaborate more why they are bad? - is there any mechanical way to determine trend? what i see is price forming lower high and lower low. thus the short term downtrend. as for long term trend, i dont really have a mecahnical way to determine it except eyeballing. entry bar {image} longterm trend {image} - is it safe to say...
- support and resistance crossover.
What is that? Need to google
- mechanical way
Use MT4 ZigZag (many indicators on internet)
or
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- above 50 level and vice versa
read TDI cross.pdf (paperclip)
- grade PA?
If you can good. Human brain is always the best once trained.
Look up post#2617 ........................... Burn it into your memory.............
- TDI and stoch setup is acceptable
Don't fool yourself. TDI / stoch only indicate a possibly enter for a trade. You knew PA was shiity so why did you take the trade?
You paid the piper for your mistake (another lesson learned the hard way)
- post #4238, post#2617
You will find it much easier in BigE full.pdf (paperclip)
  • #91,488
  • Sep 28, 2018 5:12am Sep 28, 2018 5:12am
Quoting Tekkies
{quote} - support and resistance crossover. What is that? Need to google - mechanical way Use MT4 ZigZag (many indicators on internet) or {image} - above 50 level and vice versa read TDI cross.pdf (paperclip) - grade PA? If you can good. Human brain is always the best once trained. Look up post#2617 ........................... Burn it into your memory............. - TDI and stoch setup is acceptable Don't fool yourself. TDI / stoch only indicate a possibly enter for a trade. You knew PA was shiity so why did you take the trade? You paid the piper...
I did not know the PA was shitty until you pointed out the flaws.
Other than that, i will continue study the things you just suggest.

thanks
Ask, and it is given. Every single time, no exceptions.
  • #91,489
  • Sep 28, 2018 5:18am Sep 28, 2018 5:18am
Quoting PeterE
This thread should be closed down. Not only is trading no longer front-and-center here, but the idea of trading made "simple" is misleading; given discretion and years of experience analysing charts must be applied to TDI signals. I suggest if you are keen on TDI, and wish to build a strategy around that then start afresh on your own new thread. Heck I might even do that myself.....TBA! --------------------------------------- On a brighter note, here and here....
This will never be closed down.

New thread already tried, the op on that thread isn't paying any one to post though. Look at the difference in interest and contribution (still no entries or take profits shown consistently). Go figure.

https://www.forexfactory.com/showthread.php?t=494420
'in less than half an hour he made over 100 ticks'
  • #91,490
  • Edited 6:04am Sep 28, 2018 5:36am | Edited 6:04am
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Flat 5MA is consolidation
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #91,491
  • Sep 28, 2018 6:59am Sep 28, 2018 6:59am
With all the movements we have had this week and last night has anyone traded? No entries posted? How is that even possible?

What kind of thread has no trades ever posted in it? What is the purpose of this thread?

Where are all the green cross red price below or above 5 ema?

Trading made simple yet hard to trade live
You will learn the most from your losing Trades
  • #91,492
  • Sep 28, 2018 7:07am Sep 28, 2018 7:07am
got my eye on....news out the way and a bit higher.....and we will see
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  • #91,493
  • Sep 28, 2018 7:08am Sep 28, 2018 7:08am
Quoting Chenzo25
With all the movements we have had this week and last night has anyone traded? No entries posted? How is that even possible? What kind of thread has no trades ever posted in it? What is the purpose of this thread? Where are all the green cross red price below or above 5 ema? Trading made simple yet hard to trade live

You are such a troll........hahaha
  • #91,494
  • Sep 28, 2018 7:15am Sep 28, 2018 7:15am
Quoting Ss45
{quote} You are such a troll........hahaha
You have replied to this thread over 20x. No charts, trades, analysis, nothing.

Like the rest
You will learn the most from your losing Trades
  • #91,495
  • Sep 28, 2018 7:48am Sep 28, 2018 7:48am
Quoting Chenzo25
With all the movements we have had this week and last night has anyone traded? No entries posted? How is that even possible? What kind of thread has no trades ever posted in it? What is the purpose of this thread? Where are all the green cross red price below or above 5 ema? Trading made simple yet hard to trade live
Back to m30 charts today, EU +50
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No thanks to this thread though, but to Likica's thread.
Success means going from failure to failure without loss of enthusiasm
  • #91,496
  • Sep 28, 2018 7:51am Sep 28, 2018 7:51am
Quoting lisat
{quote} Back to m30 charts today, EU +50 {image} {image}
Bravo!
You will learn the most from your losing Trades
  • #91,497
  • Sep 28, 2018 8:41am Sep 28, 2018 8:41am
For the haters
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #91,498
  • Sep 28, 2018 8:56am Sep 28, 2018 8:56am
Quoting Chenzo25
{quote} You have replied to this thread over 20x. No charts, trades, analysis, nothing. Like the rest
I come here to get my daily laugh and little break from my work.

You are the latest clown on the stage now..........keep it going! You are doing good.
  • #91,499
  • Sep 28, 2018 9:11am Sep 28, 2018 9:11am
Quoting PeterE
got my eye on....news out the way and a bit higher.....and we will see {image}
B 6460; SL 6442; TP 6478

I'm pushing the ADR to the limit.....dont try this at home!
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  • #91,500
  • Sep 28, 2018 9:25am Sep 28, 2018 9:25am
Quoting Ss45
{quote} I come here to get my daily laugh and little break from my work. You are the latest clown on the stage now..........keep it going! You are doing good.
Typical reply from a bum who can’t trade and post a chart.
You will learn the most from your losing Trades
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