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Trading Made Simple

  • #92,441
  • Nov 16, 2018 1:44am Nov 16, 2018 1:44am
Quoting emmanuel7788
{quote} GBPNZD Nov 15 - caught a falling knife trade, chaos yesterday with UK parliament session and several ministers resigned over Brexit exit agreement. when trading. be careful in the coming days and weeks, PM May may resign... hers is a thankless job. {image}
Hi emmanuel, I took the same trade on GBPNZD but on 4H (I used 123 pattern to get in so I got in early). I'm still in the trade and I will add to the position when the price continue south (I guess there will no good news for a while on Brexit).

Paal
  • #92,442
  • Nov 16, 2018 3:21am Nov 16, 2018 3:21am
Hi

I don't have a windows pc so can't use mt4. Does anyone know if this can be done with trading view?
If so, which specific TDI indicator do we need?

Thanks
  • #92,443
  • Nov 16, 2018 6:25am Nov 16, 2018 6:25am
Quoting j4hnb
Hi I don't have a windows pc so can't use mt4. Does anyone know if this can be done with trading view? If so, which specific TDI indicator do we need? Thanks
here,

How to create the TDI using the RSI available in other platform: Post#15,546

TDI in mobile Post#71,700

Fozzy RSI Method Post#59,617

Read this book

RSI: The Complete Guide by John Hayden [download]

Trend Determination using the RSI (TDI) Post#26,774
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,444
  • Nov 16, 2018 8:27am Nov 16, 2018 8:27am
Quoting emmanuel7788
{quote} here, How to create the TDI using the RSI available in other platform: Post#15,546 TDI in mobile Post#71,700 Fozzy RSI Method Post#59,617 Read this book RSI: The Complete Guide by John Hayden [download]...
Thanks emmanuel.

I was just monitoring a trade on EURUSD for the last 1 hour and 45 minutes. It would have made 5:1 RR as it stands now. Shame I didn't jump in but I thought I would just monitor to start!
  • #92,445
  • Nov 16, 2018 10:12am Nov 16, 2018 10:12am
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  • #92,446
  • Nov 16, 2018 4:06pm Nov 16, 2018 4:06pm
On post number 767 E says [COLOR=rgb(0.000000%, 0.000000%, 100.000000%)]I enter on the candle I get the TDI signal on... not the next one. When the next candle started;[/color]

[COLOR=rgb(0.000000%, 0.000000%, 100.000000%)]which is best, waiting for the signal candle to close or just entering on the signal?[/color]
  • #92,447
  • Nov 16, 2018 6:50pm Nov 16, 2018 6:50pm
Quoting kirinda
{quote} Hi emmanuel, I took the same trade on GBPNZD but on 4H (I used 123 pattern to get in so I got in early). I'm still in the trade and I will add to the position when the price continue south (I guess there will no good news for a while on Brexit). Paal
HI kirinda,

that was a right decision to hold on to sell positions.

I have mine positions open when NY closed @1.8646 and with an average entry price @1.8749, I am in profit so I can lock in next week.

Let's see what happens over the weekend in the UK and the outcome with a new Brexit secretary who is pro-exit EU. PM May survived one more week in that thankless job. Anyway, plenty of weekend games to enjoy.

Have a good one,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,448
  • Nov 16, 2018 7:07pm Nov 16, 2018 7:07pm
Quoting j4hnb
{quote} Thanks emmanuel. I was just monitoring a trade on EURUSD for the last 1 hour and 45 minutes. It would have made 5:1 RR as it stands now. Shame I didn't jump in but I thought I would just monitor to start!


you are most welcome.

If you were buyer on EURUSD, then you made money on that Nov 9-12 weekend gap.
Some traders expected all week the gap to be closed. ... 80% of the time in history, those gaps do close.
However, longer term position swing traders still see a potential lower EU by year end.


Quoting emmanuel7788
EURUSD weekend gap not close something which I consider when I trade this week. previous 2 days made higher high and higher low, and higher Close ... {image} Look at your TMS charts, H4 is choppy but the bias on D1 and W1 are sideways to downside. Note the D1 price gap down and the TDI gave a false signal. {image} Trade Well and Trade Safe.
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EURUSD Week 47 Nov 19 to 23,

Previous Price Action PPA shows potential resistance above current price action.
We shall see how this will play out in the coming week(s) until Week 80 Dec 10 to 14 when the big boys start their year end holidays.

Attached Image (click to enlarge)
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Have a good weekend,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,449
  • Nov 16, 2018 7:19pm Nov 16, 2018 7:19pm
EURUSD Week 46 Closing,

Looking at TMS multi-charts, we shall observe next week how the market would reacts around region @H4 200EMA and the RN 1.1450. Expect some good short term day trades action between the BRN 1.1400and 1.1500.

CONFLUENCE of :
On the Daily D1 we have its 50EMA
On the Weekly W1 we have its 10EMA
On the Monthy MN, I see wide range sideways market type conditions and to the downside, sell the rallies.

Attached Image (click to enlarge)
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Bulls make money, Bears make money... it is a time perspective.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,450
  • Nov 17, 2018 4:51pm Nov 17, 2018 4:51pm
Quoting Tekkies
Don't change the method. Fine tune it your understanding. Like: - Cherry pick entries. - Place order's only when green angle is above / below / 1 / 5 - M15/H1 all the green TDI / Stoch point in the same direction Follow the simple rules. Don't make it complicated. Keep it simple. {image}

Where will I find your trading rules?
  • #92,451
  • Nov 17, 2018 6:03pm Nov 17, 2018 6:03pm
Quoting j4hnb
Hi I don't have a windows pc so can't use mt4. Does anyone know if this can be done with trading view? If so, which specific TDI indicator do we need? Thanks
Hi j4hnb

Search for one within indicators online on Trade View, there is a full one there set to the old settings.
Trading thin liquidity at the boundary of the charts
  • #92,452
  • Nov 18, 2018 6:36am Nov 18, 2018 6:36am
i am watching this method , since many weeks , many people come and go only emmanuel7788 existed , i tried many time to be expert of this thread like emmanuel7788 but failed to read 4600 pages , that is impossible , i wish some day emmanuel7788 or someone else , should make a short summary with all 4600 pages rules, and i should be expert with in 1-2 month like emmanuel7788 <<< i know that is may not be possible , but may be some day , i have ready many Big E some basics , but price action and much more things are so much necessary , which cannot be done with in 1-2 months
  • #92,453
  • Nov 18, 2018 3:34pm Nov 18, 2018 3:34pm
Trade setups> a little too early. but i think will work. let see

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  • #92,454
  • Nov 18, 2018 3:53pm Nov 18, 2018 3:53pm
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  • #92,455
  • Nov 18, 2018 9:40pm Nov 18, 2018 9:40pm
Quoting emmanuel7788
EURUSD Week 46 Closing, Looking at TMS multi-charts, we shall observe next week how the market would reacts around region @H4 200EMA and the RN 1.1450. Expect some good short term day trades action between the BRN 1.1400and 1.1500. CONFLUENCE of : On the Daily D1 we have its 50EMA On the Weekly W1 we have its 10EMA On the Monthy MN, I see wide range sideways market type conditions and to the downside, sell the rallies. {image} Bulls make money, Bears make money... it is a time perspective.
hey.hi. totally agree. Care to share wich indicator or template you using to bring up the multiframe tdi on chart?
  • #92,456
  • Nov 19, 2018 3:20am Nov 19, 2018 3:20am
Quoting lddd
{quote} Well done. I am still long with EG, looks like its exhausting and maybe next week i will be able to take some profits from it. {image}
Hi jarro2783!!
i saw you handle very good the strategy. can you give me some advice on how to use it properly ?
thank you!!
  • #92,457
  • Nov 19, 2018 5:46am Nov 19, 2018 5:46am
Can anyone confirm this for me please? I seen throughout the thread E would talk about entering at the beginning of the next candle, but then he would also say how he would not wait until the next candle, and get in when the TDI gives him the signal. Can anyone confirm which was is best to use please?
  • #92,458
  • Nov 19, 2018 9:30am Nov 19, 2018 9:30am
Hey!

Just swinging by being a typical lurker in this thread and the trading system.

One major factor to a successful trade is to FOLLOW THE RULES. We all enter too early or enter too late because we want to get the tops or bottoms and squeeze out every pip from a trade. Train yourself to learn WHEN to enter and WHEN to exit. Enter when the right criteria meets your checkbook, and exit when you see nice profits. There will always be a trade to enter so whats the point of rushing ? You will NEVER become successful TRYING to find the tops and bottoms EVER...in that case you are most likely gambling.
Take what the market gives you.
  • #92,459
  • Nov 19, 2018 9:39am Nov 19, 2018 9:39am
Quoting xpensive
Trade setups> a little too early. but i think will work. let see {image} {image} {image} {image}
Here is why I would have not shorted the EURUSD. Which btw it is best to look at the larger time frame to know the direction of the trend. Sure it might create confusion or some kind of bias...but over time you'll learn simply through trial and error. Sorry for my fuzzy charts I'll try to be more cleaner.

1H Chart

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4H Chart

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Take what the market gives you.
  • #92,460
  • Nov 19, 2018 12:38pm Nov 19, 2018 12:38pm
Quoting Tiggrrr
{quote} Here is why I would have not shorted the EURUSD. Which btw it is best to look at the larger time frame to know the direction of the trend. Sure it might create confusion or some kind of bias...but over time you'll learn simply through trial and error. Sorry for my fuzzy charts I'll try to be more cleaner. 1H Chart {image} 4H Chart {image}
YEAH. Jumped in too quickly trying to anticipate. Did manage to get out a quick scalp tough. need more practice definetly. and ye forgot that mayor deail bout trend directin as well.. tough i was also thinking some retracement cold be in hand is bettter NOW i see to go with the trend thanks for commenting
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