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Trading Made Simple

  • #92,281
  • Oct 25, 2018 11:04am Oct 25, 2018 11:04am
Quoting Tekkies
{quote} Yes, they are the best, spoken with out malicious intend in what they say. Unlike your inflammatory post's like the one above. What is your intend by posting that? Other popcorn fight or is it to show how despicable you can be?
Just like to call Bums out. That's all.

All you talk about is post #647 and that other idiot about not being able to understand the method.

Every now and again ill come back to this thread and "troll" again
You will learn the most from your losing Trades
  • #92,282
  • Oct 25, 2018 11:13am Oct 25, 2018 11:13am
Quoting Chenzo25
{quote} Just like to call Bums out. That's all. All you talk about is post #647 and that other idiot about not being able to understand the method. Every now and again ill come back to this thread and "troll" again
Now don't be rude. Close the door when you leave.
Be polite next time you visit please. Knock before you enter, so that members can brace themself for the next onslaught of obnoxious post's by you.
  • #92,283
  • Edited 2:49pm Oct 25, 2018 2:36pm | Edited 2:49pm
Quoting Tekkies
{quote}Rather learn post#647. If and when you find that TDI does not suit you, you walk away with knowledge you did not have before because post#647 with out TDI is trading on a naked chart without any indicators.
Ok, let me try it that way,

can you answer the following questions to me, preferably backed by some example charts or similar. That would be great, bring in some lights to it. I donīt want to step around in the dark any longer and become same as smart as all you guys here

Here it comes, your so loved Post #647 :-)

Quote
How close am I to the previous high or lo

Okay. "Close" is relative here. What is close? How close is bad, how far away is unnecessarily to scroll back. Examples?

Quote
Am I in an uptrend or downtrend.. short & long term...

Okay. First, what is determined to be "short" and what "long term"?

Like, short term = The timeframe for the chart i plan and execute my trade on? So this would be M15 in this case. So a M15 chart from left to right is "short"? Also if i look at it on only a 15 inch lcd its probably more "short" as when i look at it on a 88 inch monitor...

Like, long term = The next higher timeframe, so M30, H1, H4, Daily, Weekly, All together? And did you not just recently in one of your last posts said that it would be okay to enter trades without doing any muliple tf analyse at all? Then this contradicts with what BigE said here. Examples?

Secondly. A up or downtrend based to which criteria? You know, a "trend" can be as long as going back for years or drawn only back for the last Week, the last days, the last day, the last hours, the last minutes? Like what? Examples?

Quote
Am I in or close to a consolidation area

Okay. "Close" is relative again. Close from where? So i spot such consolidation area on M15 for 4 candles back to my entry is "close", 20 candles back? 100 candles...? What is close and when its "safe". Examples?

Quote
Are the previous candles small...

Okay. Again a very relative statement. "Previous" = Last 4 candles, 20 candles, 100...? And "small". What is small? Is there a measurement in pips like when a candle is considered to be counted as "small" and when its just large enough here? Examples?

Quote
Look at the candles on the last reversal... big, little, what

Okay. You guess what? Yes, relative again. And what does the last reversalīs candle layout has to do with the next possible trade? Is this proofed by history somehow, that the next trade will fail because of the last reversals candle size were little or big. I donīt think so. Also "reversal" is relative here again, a reversal can be a few candles long or days of past price action...
  • #92,284
  • Oct 25, 2018 2:44pm Oct 25, 2018 2:44pm
Quoting lddd
{quote} Ok, let me try it that way, can you answer the following questions to me, preferably backed by some example charts or similar. That would be great, bring in some lights to it. I donīt want to step around in the dark any longer and become same as smart as all you guys here Here it comes, your so loved Post #647 :-) {quote} Okay. "Close" is relative here. What is close? How close is bad, how far away is unnecessarily to scroll back. Examples? {quote} Okay. First, what is determined to be "short" and what "long term"? Like, short term...
You just disected the whole method and your conclusion is?
  • #92,285
  • Oct 25, 2018 3:06pm Oct 25, 2018 3:06pm
Quoting Divergence
{quote} You just disected the whole method and your conclusion is?
No conclusion just awaiting the "Masters" comments on it.

The problem i see is mainly, BigE provided a strategy here representing a glass of water like:

Attached Image


For some experienced traders the glass might be half full, for the ones like me not familar with every little aspect of technical chart analyse the glass looks half empty.

Technical chart analyse is no real science, so you have to be highly precise with your statements if you want to teach a shit to a second person, that is not you.
  • #92,286
  • Oct 25, 2018 4:08pm Oct 25, 2018 4:08pm
Quoting Divergence
{quote} You just disected the whole method and your conclusion is?
These guys are all here for a reason. Nobody needs to ask that many questions.

I mean, you'd just get on and trade it wouldn't you?
'in less than half an hour he made over 100 ticks'
  • #92,287
  • Oct 25, 2018 5:10pm Oct 25, 2018 5:10pm
Quoting lddd
{quote} Ok, let me try it that way, can you answer the following questions to me, preferably backed by some example charts or similar. That would be great, bring in some lights to it. I donīt want to step around in the dark any longer and become same as smart as all you guys here Here it comes, your so loved Post #647 :-) {quote} Okay. "Close" is relative here. What is close? How close is bad, how far away is unnecessarily to scroll back. Examples? {quote} Okay. First, what is determined to be "short" and what "long term"? Like, short term...
Iddd
Let's clarify one tiny point. BigE is the master, I am a student just like you. You have been trading for 15 years, I barely 4 years. It is me that should ask you those questions.
Those same questions have been asked and answered many times by members.
When Emmanuel is not trying to change the method or save us from self destruction he did posted excellent posts about those questions.
The two of us also had a few popcorn fights about them.
-------------------
You really want to learn this method you would have used the search function (top right) by now or have google for answers.
Post 72,871 properly the worst attempt. You can find better ones yourself
  • #92,288
  • Edited 6:07pm Oct 25, 2018 5:52pm | Edited 6:07pm
Quoting lddd
{quote} Ok, let me try it that way, can you answer the following questions to me, preferably backed by some example charts or similar. That would be great, bring in some lights to it. I donīt want to step around in the dark any longer and become same as smart as all you guys here Here it comes, your so loved Post #647 :-) {quote} Okay. "Close" is relative here. What is close? How close is bad, how far away is unnecessarily to scroll back. Examples? {quote} Okay. First, what is determined to be "short" and what "long term"? Like, short term...

@lll,

the very first question I would ask is:

1) Do I check Post#647 first before I start looking for trade setups?

or

2) Do I check Post#647 when I see a TDI signal?

You asked Tekkies for answer and chart example, I have his yesterday DE30 M15 trade chart below.

The correct answer is then very obvious.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies DE30 M15 Oct 25.png Size: 128 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,289
  • Oct 25, 2018 6:15pm Oct 25, 2018 6:15pm
Quoting lisat
{quote}Thats the way it was designed, to refresh only at the end of a candle which in turn means it will "repaint" but it should stop you watching the green line going up and down on the open bar, because after all, its not a finished candle until its a finished candle
But this also means that it changes the information for past data as new price data comes in? So basically looking back at past valid signals might have been in reality no valid signals because they now show different information?
  • #92,290
  • Oct 25, 2018 6:15pm Oct 25, 2018 6:15pm
Quoting Divergence
{quote} You just disected the whole method and your conclusion is?

My initial conclusion was that any technical trading method is only 10% of a winning system.
But today, I conclude the method is only 5% of a winning system.
Mistake traders make...

watch this video in the thread "Are we all idiots?"
https://www.forexfactory.com/showthr...2#post11382892
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,291
  • Oct 25, 2018 6:22pm Oct 25, 2018 6:22pm
Quoting emmanuel7788
{quote} EURJPY and GBPJY H4 trades closed. Both trades closed by Trailing By Previous Candle High. {image} {image}
GBPJPY Oct 25 H4 re-entry trade.

Note, this is not a TDI trade, simple price action at resistance.

CM exit +25pips and managing with Trail_By_Prev_Candle High.

Next SL move next H4 candle close in about 2 hours and will most likely be stopped out.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 43 Oct 25 H4 trade exit 25pips CTSL.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,292
  • Oct 25, 2018 6:27pm Oct 25, 2018 6:27pm
Quoting emmanuel7788
{quote} My initial conclusion was that any technical trading method is only 10% of a winning system. But today, I conclude the method is only 5% of a winning system. Mistake traders make... watch this video in the thread "Are we all idiots?" https://www.forexfactory.com/showthr...2#post11382892
There must be reliability calculations of technical analyse setup patterns? Like a double top since makets are open for trading accuracy = X percent win rate, a Head and Shoulders accuracy = X percent win rate

But sure you are right in the meaning of that every individual trader still can make a 80% winning pattern to turn out into a 0% or worst if not entering on it correctly.
  • #92,293
  • Oct 25, 2018 6:36pm Oct 25, 2018 6:36pm
Another question i got.

Is there an indicator that can give me some simple alert for a pullback candle? So an candle thats falling back from its peak and closes outside the previous range / open of that candle. Might be a good thing for me to faster identify if price breaks outside of consolidation.
  • #92,294
  • Oct 25, 2018 6:46pm Oct 25, 2018 6:46pm
Quoting lddd
Another question i got. Is there an indicator that can give me some simple alert for a pullback candle? So an candle thats falling back from its peak and closes outside the previous range / open of that candle. Might be a good thing for me to faster identify if price breaks outside of consolidation.
Price Action AHA

I use this one posted here:

Good thing is you place this on one currency chart only and it will alert you minutes before a candle closes and in all selected timeframes you chose in the set parameter.
https://www.forexfactory.com/showthr...9#post10095219

while you are there, also read this post which answer one of the questions many asked about Post#647, big candles, small candles, ... make them objective with simple clear definition what are big candles and small candles.

https://www.forexfactory.com/showthr...2#post10084262
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,295
  • Oct 25, 2018 7:08pm Oct 25, 2018 7:08pm
Quoting lddd
{quote} There must be reliability calculations of technical analyse setup patterns? Like a double top since makets are open for trading accuracy = X percent win rate, a Head and Shoulders accuracy = X percent win rate But sure you are right in the meaning of that every individual trader still can make a 80% winning pattern to turn out into a 0% or worst if not entering on it correctly.
Thomas Bulkowski did a lot of studies on Candlestick Patterns and Charts Patterns but only for stock charts.

Too overwhelming with that ton load of information at his website. I narrow down to only those candlestick patterns CSP I mention in my post above.

Two old posts I made:

https://www.forexfactory.com/showthr...45#post9573345

https://www.forexfactory.com/showthr...1#post10660741
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,296
  • Oct 25, 2018 7:26pm Oct 25, 2018 7:26pm
EURJPY Oct 26 H4 reversal candle example

compare the HA candle and the actual price bar/candlestick.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 43 Oct 26 H4 reversal candle example.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,297
  • Edited 7:41pm Oct 25, 2018 7:31pm | Edited 7:41pm
Quoting emmanuel7788
{quote} @lll, the very first question I would ask is: 1) Do I check Post#647 first before I start looking for trade setups? or 2) Do I check Post#647 when I see a TDI signal? You asked Tekkies for answer and chart example, I have his yesterday DE30 M15 trade chart below. The correct answer is then very obvious. {image}
My focus pretty much lies on price and the chart in general when i have the first look at it, trying to understand the overall direction the security moved based on the picture i see from left to right only for the time frame i plan my trade on based on where i will set my risk and reward.

So my day starts with the opening of the london session on M15 time chart i normally look at EUR/USD first.

With that i normally try to spot / wait for a pullback out of the asian range which is normally "consolidation" par excellence.

Now here comes my first confusion. At the london open there is normally no "trend" to see for M15 because price simply had no time to make any large swings up or down. So how can i trade with the trend here if each new day "normally" there is NO trend...

So i start switching to M30 (still confused), switch to H1 (still confused), switch to H4 (okay now i start seeing the bigger picture and maybe some swings up or down forming a "up" or "down" trend). Now should that alone give me confirmation of which direction to take my M15 trade? You see i am still confused.

So i look at the daily chart. Still i am confused. Now i see last couple of weeks and ask my self. Is this really necessary? Maybe from this i see price is going down, but my entry on M15 says to go BUY that bitch. Should i start taking care about what the Daily chart is telling me here if my plan is to book a quiet risk free 20 Pips?

If i would take care. Taking trades on the M15 here would maybe only provide me with 1 valid trade per month

Same questions then comes up to mind looking back from Daily all the way down to my M15 Chart.

Now i am back on M15 and start question my self, where are S/R areas which are maybe relevant for my trade? Should i even find them here, or going up back to M30, H1, H4, Daily and draw them in there?

So back to your question.

I really donīt care much about indicators crossing or not. If the situation looks like an good risk/reward trade i sometimes enter far better than the TDI would have told me. Now some people might say, but this is against the rule "Hey wait for the TDI cross to happen". Well sure, i should wait.

But here comes the problematic. Why should i wait for any indicator that isnīt very accurate that NOW momentum is on my side and price is guaranteed to move up for at least my 20 Pips? Sure it might work out for a lot of the times and for some of these moments even that sweet tdi green angle is then at a good "angle", but still i am not really convinced.... Because in the end price doesnīt care much about the TDI was crossed or not.

Like said on a M15 Chart it will give you also a lot of false signals, so you will be happy with any situation you could find and do your entry early at best price even without the TDI or Stock to confirm that bias.

So in end i would say PA, overall Market Structure first, if TDI can confirm that "great" if not (and i am right) even better

If i see some large red news for the day affecting EUR/USD pairs i think twice about trading at all for that day.

But for now i would be already happy with finding a good probability setup no matter what it looks like i spot easily without reinventing the wheel on a DAILY base, this is very important. I donīt want to be passively waiting and doing nothing and end up with only 1-2 trades a month. Sure might be better in future for lower risk and better returns but for now it would mostly halt me from learning and getting a better feeling of the markets dynamics, feel and flow.
  • #92,298
  • Oct 25, 2018 8:56pm Oct 25, 2018 8:56pm
Quoting lddd
{quote} My focus pretty much lies on price and the chart in general when i have the first look at it, trying to understand the overall direction the security moved based on the picture i see from left to right only for the time frame i plan my trade on based on where i will set my risk and reward. So my day starts with the opening of the london session on M15 time chart i normally look at EUR/USD first. With that i normally try to spot / wait for a pullback out of the asian range which is normally "consolidation" par excellence. Now here comes my...

You're making this way, way too complicated for your own good!! And others here are just making it worse for you. I have given you a simple formula, which is to focus on only about 4 pairs and stick with them to understand their personality. Also, I have reiterated what lisat says about looking for Higher Highs and Higher Lows before enter a Buy, and Lower Lows and Lower Highs before entering a Sell.

Whilest all the stuff that Emmanuel is throwing at you is not inherently wrong, it is far too much information and is not needed. I don't need to know how to fly an A380 Airbus in order to fly my kite!!

Lastly, you say that you don't want to be passively waiting and doing nothing etc etc and virtually in the same breath you're saying that you now want to trade M15 charts. If that's the case, then you're going to have to get used to 'passively waiting' because that is the nature of the beast. This isn't an ATM machine...and as I said to you before, we have to wait until the Forex tree wants to give up it's pips...we cannot force it to do so.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #92,299
  • Oct 26, 2018 12:48am Oct 26, 2018 12:48am
Quoting lddd
{quote} But this also means that it changes the information for past data as new price data comes in? So basically looking back at past valid signals might have been in reality no valid signals because they now show different information?
All that means is it can't be used for backtesting by looking at the chart, if you use this indicator, it writes the signals into your experts tab on the terminal so you can backtest that way. Just don't refresh the chart by changing timeframes etc.
Attached File(s)
File Type: ex4 TDI_WatchDog_mod.ex4   56 KB | 646 downloads
Success means going from failure to failure without loss of enthusiasm
  • #92,300
  • Edited 2:52pm Oct 26, 2018 1:01am | Edited 2:52pm
Quoting emmanuel7788
{quote} @lll, the very first question I would ask is: 1) Do I check Post#647 first before I start looking for trade setups? or 2) Do I check Post#647 when I see a TDI signal? You asked Tekkies for answer and chart example, I have his yesterday DE30 M15 trade chart below. The correct answer is then very obvious. {image}
Emmanuel, why do you want to ask what must be first between 1 and 2.
BigE clearly posted that No 2 is to be always first.
2) Do I check Post#647 when I see a TDI signal? crossover.
#261.......... It tells you when to enter and where to exit any trades..
#270.......... I look to the TDI... then PA.
If you say that is wrong than you must be selling something. "Snake oil" comes to mind.
----------
When you use my chart, use it for the correct reason please.
In Post 89,888 you also tried. My response was in Post 89,893

This time I made sure to tell Iddd that it was a order placed to use pullback. Which failed. Post 92,271
------------
TDI and Post#647 can not be applied when using pullbacks.
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