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Trading Made Simple

  • #92,921
  • Jan 9, 2019 2:35am Jan 9, 2019 2:35am
Quoting kain775
{quote} I can see a good potential opportunity, That's why mt4 has price alerts I've set one, and if price crosses it and closes with enough momentum, plus i get a signal during trading hours .. I'm going in

You can't go wrong with some love and spoon feeding,

Never too old for some love and spoon feeding...

one thing leads to another...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,922
  • Jan 9, 2019 9:15am Jan 9, 2019 9:15am
Quoting emmanuel7788
{quote} How I keep it simple when trading the H4 chart timeframe, start the week by first looking at the W1 charts, if the W1 shows sideways market, check the range. Avoid trading narrow range sideways. if W1 is trending, then move on and look at D1, if D1 is trending in the same direction as W1, then trade H4 in the direction of both the W1 and D1. If D1 is in a 'correction' / retracement against the W1 trend, WAIT.... for D1 reversal A good example is my USDCAD trade this week. {image}

It's looking quite good atm

I entered, but pulled it after a few minutes because the d1 tdi was looking too flat for my liking

wish i had just left it now...
  • #92,923
  • Jan 9, 2019 9:21am Jan 9, 2019 9:21am
just had a look at the m30 and i should have entered there, there was a valid signal on that tf

i just kept focusing on h4
  • #92,924
  • Edited 9:47am Jan 9, 2019 9:30am | Edited 9:47am
Quoting bs4
Just wanted to say happy new year to y'all, BigE (may he rest in peace) and those who keep this thread up. I started off with small feel good trade USDCAD short. {image} Personally, my goal is to earn 5% every month with account 5k CAD account size Hope you guys do well this year as well. Currently eyeing USDCAD and AUDUSD Cheers
I'm just wondering how you trade.What your MM,how many trades you take monthly,how many pips you make,what your RR.
Whether you think you can, or you think you can't,you're right. H.F.
  • #92,925
  • Jan 9, 2019 1:23pm Jan 9, 2019 1:23pm
Quoting kain775
just had a look at the m30 and i should have entered there, there was a valid signal on that tf i just kept focusing on h4

USDCHF Week 02 H4,

there was CONSOLIDATION for many hours, ... then that POP!

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Week 02 H4 price action.png Size: 51 KB


the Bill Williams Fractals can help you see those 5 bars swings.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,926
  • Jan 9, 2019 1:33pm Jan 9, 2019 1:33pm
Quoting kain775
just had a look at the m30 and i should have entered there, there was a valid signal on that tf i just kept focusing on h4

when there is H4 CONSOLIDATION, there are many false TDI cross signals until we see a price breakout of that H4 CONSOLDATION.

both the oscillators Stochastics and RSI(TDI) will show the same.

you need both price volatility and momentum to trade the breakout

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Week 02 M30.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,927
  • Jan 9, 2019 1:53pm Jan 9, 2019 1:53pm
GBPUSD Week 02 Jan 09 H4

Did not see any good setups yesterday, today is better ...

key is PATIENCE and wait for the best setup trade just the way Big E did

note the Weekly Open and previous weeks HIGHs

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 02 Jan 09 H4.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,928
  • Jan 9, 2019 2:05pm Jan 9, 2019 2:05pm
For all the De30 lovers,

Jan 04 D1 was the POP and follow with 3 consecutive days for buyers.

Follow Big E trading style. Use the APB/HA and the 5EMA Typical Price , Shift+3.

Trade average price follow the APB/HA bullish above the 5EMA. Keep that simple... as price action.
Look at the real price - how far it is from the 5EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 02 D1 Jan 09.png Size: 50 KB


You need to learn how Big E spot the true 'reversal' candle.
Post#647 says: look at the last reversal, are the candles big, little, or what...

'big' and 'little' are subjective.
what is big to one is small to another ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,929
  • Jan 9, 2019 2:36pm Jan 9, 2019 2:36pm
Quoting emmanuel7788
{quote} when there is H4 CONSOLIDATION, there are many false TDI cross signals until we see a price breakout of that H4 CONSOLDATION. both the oscillators Stochastics and RSI(TDI) will show the same. you need both price volatility and momentum to trade the breakout {image}

placing a trade in that consolation is just gambling imo

was only looking to take that trade on a breakout with enough momentum.

sadly the d1 at the time of entry was too flat for my liking so i decided to pull the trade...

oh well, c'est la vie ...eh
  • #92,930
  • Jan 9, 2019 2:51pm Jan 9, 2019 2:51pm
Quoting kain775
{quote} placing a trade in that consolation is just gambling imo was only looking to take that trade on a breakout with enough momentum. sadly the d1 at the time of entry was too flat for my liking so i decided to pull the trade... oh well, c'est la vie ...eh
USDCHF

Yes, we must not trade when there is consolidation in any particular timeframe. Post#647 says that clearly.

Let's take another look at the D1 below,

market liquidity has been low since mid-Nov and till end Dec but the direction is more to the downside.
the TD yellow line MBL is an indication of the longer term momentum.

yesterday D1 was an Inside Bar.
today it POP.
tomorrow will still be sell bias but it is trading in narrow range channel to the downside, so single entry trading will not work well.
learn to trade with average price.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF Week 02 Jan 09 D1 POMO.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,931
  • Jan 9, 2019 3:21pm Jan 9, 2019 3:21pm
Hi All,

A new fellow Forex Newbie!

I'm so glad I stumble across this thread! Apologies in advance, if someone has answered my question below.

Where do I find the template to MetaTrader? How do you use it?!

A bit about myself - Currently, I am 18 years old and determined to make it through Forex! Sick and tired of going to Forex workshops to network with people, but it ends up being a sales pitch - I would really appreciate to hear some of your stories (as motivation) and find myself some mentors.

Right now - I am building a solid forex knowledge through Babypips.
  • #92,932
  • Jan 9, 2019 9:52pm Jan 9, 2019 9:52pm
Quoting Tekkies
Relating to what Kain has posted and Iddd's replayed. Use TMS and TDI crossover there is no need to speculated about entering a trade, follow the simple rules. Post#647 with S/R will put the odds in your favor about 80% of the time. Post 495 If it does not then do your homework again. -------- Download: TMS BigE full.pdf, TDI...

Dear Tekkies,

I'm trying to learn from these posts. I have downloaded the TDI indicator but there are two lines only green and red but as per attached pdf there are three lines, yellow, which shows trend. Can you please provide TDI indicator with yellow trend line.

thanks
  • #92,933
  • Jan 9, 2019 10:04pm Jan 9, 2019 10:04pm
Quoting Eatingforex
Hi All, A new fellow Forex Newbie! I'm so glad I stumble across this thread! Apologies in advance, if someone has answered my question below. Where do I find the template to MetaTrader? How do you use it?! A bit about myself - Currently, I am 18 years old and determined to make it through Forex! Sick and tired of going to Forex workshops to network with people, but it ends up being a sales pitch - I would really appreciate to hear some of your stories (as motivation) and find myself some mentors. Right now - I am building a solid forex knowledge...
How are you going to eat forex? With a spoon or knife and fork?
Start with this video. Listen to first 25 / 30 minutes. (can listen to the rest if you want to)
https://www.forexfactory.com/showthread.php?p=11866227#post11866227
Trust no one, not even yourself. Books, Workshops (mentioned), Social media including Forex Factory won't help you.
You still want to learn this method? Start with this Post 92,902
  • #92,934
  • Jan 9, 2019 10:19pm Jan 9, 2019 10:19pm
Follow the rules.
Don't know if price will break Resistance at 10861.925287. Higher time-frames say yes.
Long term down, short term up
H1 TDI angle is above 1.
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  • #92,935
  • Jan 9, 2019 10:25pm Jan 9, 2019 10:25pm
Quoting Mint-V
{quote} Dear Tekkies, I'm trying to learn from these posts. I have downloaded the TDI indicator but there are two lines only green and red but as per attached pdf there are three lines, yellow, which shows trend. Can you please provide TDI indicator with yellow trend line. thanks
Enable the color in TDI option: Colours.
There are (depending on indicator) 5 colours to pick. Blue, Yellow. Blue, Green, Red.
  • #92,936
  • Jan 9, 2019 10:31pm Jan 9, 2019 10:31pm
Quoting Tekkies
{quote} Mint, Brendan Go to Babypips and do the quizzes: https://www.babypips.com/quizzes First quizzes, then study the questions which you have failed. Download: TMS BigE full.pdf, TDI Cross.pdf and start to learn what every post really mean in those pdf's. BigE gave a set of rules Post#647 and scattered through out his post's how to use those...

Dear Tekkies,

Thanks for providing the details. I'm reading all these. So far no understood black dots as shown in attachment. Thanks alot for guidance.
  • #92,937
  • Jan 10, 2019 12:58am Jan 10, 2019 12:58am
Quoting Mint-V
{quote} Dear Tekkies, Thanks for providing the details. I'm reading all these. So far no understood black dots as shown in attachment. Thanks alot for guidance.
Test yourself with this check list Post 84,947 and the black dot's.
The results would have looked like this.
Attached Image (click to enlarge)
Click to Enlarge Name: follow.PNG Size: 49 KB
  • #92,938
  • Jan 10, 2019 1:36am Jan 10, 2019 1:36am
Quoting Tekkies
{quote} Test yourself with this check list Post 84,947 and the black dot's. The results would have looked like this. {image}

Dear Tekkies,

I will check as guided by you. I have downloaded TDI indicator but it have two line only red and green. Please can you provide TDI indicator with 3rd Yellow Trend.

thanks
  • #92,939
  • Jan 10, 2019 2:34am Jan 10, 2019 2:34am
De30 Support and Resistance for D1 traders

Always look to the left on your chart,

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 02 Jan 10 Support and Resistance.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,940
  • Jan 10, 2019 2:43am Jan 10, 2019 2:43am
EURNZD Week 02 Jan 10


Planning and be ready for the next big move.
It has been sideways for many days.
It may take days and weeks, so we be patient and stalk this everyday.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 02 Jan 10 Big Picture D1.png Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 02 BPP multi-charts.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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