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Trading Made Simple

  • #93,221
  • Jan 16, 2019 4:12am Jan 16, 2019 4:12am
Quoting emmanuel7788
{quote} that minor change did not fix the problems entirely. therefore I keep repeating that your must do your own forward testing in live market conditions. you cannot learn from backtesting and from charts posted by members here. Edit: Look at this H1 chart below, 2 different version of the TDI in the same sub-window. See the difference and the magenta dotted line which is the threshold angle. Two TDI showing different angle but the price above remains the same. {image}
Like that top sub window. The one that say Stoch. Is that one the first TDI or the second TDI?
  • #93,222
  • Jan 16, 2019 4:48am Jan 16, 2019 4:48am
Quoting stevepatt
{quote} Hi AkronD, Depends on the which Market you Trade I tend to stick to GBP/USD because of it's volatility. Each Failure to make a New High or New Low is an Opportunity to Trade. You will find when Price makes a New Low or High it tends to PullBack to the Origins of the move. Chris Lori has been a very big influence on how I Trade watch the video for more information.. https://www.youtube.com/watch?time_c...&v=HGRiS-vFkhI {image}


Aha

So there is more to it than simply higher highs and higher lows

good of you to provide a link/source of information

however it does kinda reinforce my point about it not being as simple as a lot of people tend to make out
  • #93,223
  • Edited 7:25am Jan 16, 2019 7:03am | Edited 7:25am
Quoting emmanuel7788
Keep It Simple: When you trade H1, just look at H1 for setups and entry. No need to go to M1. Its all noise down there.
Yes. Another problem is that most of the charts i see from Tekkies he has opened positions where TDI red/green has not even crossed, sometimes not even touched.

If i remember correct without reading all BigEīs Post again the main basic rules has always been the following:

Open the trade if you see TDI red/green fully crossed AND this is no later than candle 1 or 2 and not before that.

No matter what you maybe or may not see on M1, M5. If you say you plan your trade on M15 for e.g and exit target is on M15, so why the hell look at another time frame what TDI is doing there? I think this has never been part of the rules. Maybe your own rules. But who cares about that. We are in TMS by BigE and not in Tekkies Strategy Topic not in Emmanuels Topic, not in my Topic.

Quoting eelfranz
"Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter.."
I canīt even find where he told we have to look at multiple time frames or anything about how Price Action has to look like in case of a potential entry setup.

We can discuss about that TDI green angle and its importance but just looking back at GBP/USD for the last month there are lots of entry signals where that TDI angle was probably 12 to 6 clock but still price not even moved for 30 Pips. To me this is no good indication you can blindly trust in that momentum now kicks in and it will give some nice run of at least 5-6 bigger HA candles without collapsing again. So what is this perfect angle telling you here? Chances are 50/50. So still no edge, 50/50 at best. No real strategy, no plan, nothing.

And even with the stoch indicator confirming there are lots of false signals left. So how do you deal with this for trading such time frames where even on M5 nothing happens most of the time. Watching even 12 hours per day on a chart playing the lottery not getting into 5 out of 10 false signals?

Now look at this as example

GBP/USD. Compare these two horizontal line buy setups happened while the longer term was bullish too.

The first horizontal line setup gave some nice pips (but see the TDI green angle, itīs not that perfect right?). Now look at the second horizontal line setup. The TDI green angle is 12-13 clock and it already collapsed right away.

Attached Image (click to enlarge)
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  • #93,224
  • Jan 16, 2019 7:59am Jan 16, 2019 7:59am
GBP/USD. About 160 possible entries (TDI cross overs). Only a handful of setups where TDI perfect green angle condition would have given 50-60 Pips in one run before collapsing. About 70-80% false signals of all them. Now please tell me how you gurus would have made money here.

I guess everyone only cherry picked the 20-30% perfect setups giving maybe 30-50 Pips per trade (if perfectly entered and closed). Not to forget sitting in front of the screen all day long to only cherry pick those 20-30% of good setups the market gave here for the last 30 days.
Attached Image (click to enlarge)
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  • #93,225
  • Jan 16, 2019 8:01am Jan 16, 2019 8:01am
Quoting lddd
GBP/USD. About 160 possible entries (TDI cross overs). Only a handful of setups where TDI perfect green angle condition would have given 50-60 Pips in one run before collapsing. About 70-80% false signals. Now please tell me how you gurus would have made money here. I guess everyone only cherry picked the 20-30% perfect setups giving maybe 30-50 Pips per trade (if perfectly entered and closed). Not to forget sitting in front of the screen all day long to only cherry pick those 20-30% of good setups the market gave here for the last 30 days. {image}...

now switch to 4h and do same thing. Looks different no? ... + add 4x basics = how many signals get filtered out?
  • #93,226
  • Jan 16, 2019 8:06am Jan 16, 2019 8:06am
Quoting xpensive
{quote} now switch to 4h and do same thing. Looks different no? ... + add 4x basics = how many signals get filtered out?
lddd has been told 200 times about what TF to trade. He is just trolling now.
If you are good at something, never do it for free--Joker
  • #93,227
  • Jan 16, 2019 8:11am Jan 16, 2019 8:11am
just look at all the bad trades . and then look to what could have helped you filter the trade out. Make it a rule. you will miss some good trades. but most of the time you would avoid loosing trades. i use fx forecaster to filter out bad tdi signals. does a fine job. still keeping it simple. so wanted a simple filter.


this indi keeps me from taking any short signal. which would have been losers. or small winners compared to the buy signals ( crosses or rebounds ) UP.

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  • #93,228
  • Edited 9:17am Jan 16, 2019 8:57am | Edited 9:17am
Quoting xpensive
{quote} now switch to 4h and do same thing. Looks different no? ... + add 4x basics = how many signals get filtered out?
Yes. Looking at the H4 Chart Picture. I count about 10 valid signals. Even without looking at 4x basics, price action, or the longer term trend conditions for each setup like what the daily or weekly looked at this point, there were about 10 signals.

Attached Image (click to enlarge)
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The most recent one still not clear. But 7 out of 9 seemed to be good. Could have booked maybe about 500 Pips if entry on the first setup candle until HA changed color.

Well this is good, but i am not sure how to build any real trading plan out of it for trading only the H4 signals here. Like where to start my day, what routine, when to look for possible setups, what preperations in case of news maybe affecting such trades. Where to place stops on such trades, actually all the money management part so i can leave trades open without risking to much while still making enough money from it.

But sure after comparing M15 and H4 on GBP/USD here for the last month youīr right... Its a nightmare to filter out these huge amounts of false signals on the M15 chart just to end the week positive without ending up over trading because 7 out of 10 are "fake" signals on M15, or maybe not fake but not giving any pips to you without getting stressed to the maximum watching price going side ways in a tight range for half of the day until there is some news kicking in some movement.

Hmm...
  • #93,229
  • Jan 16, 2019 9:01am Jan 16, 2019 9:01am
Quoting jmn5611
{quote} lddd has been told 200 times about what TF to trade. He is just trolling now.
Donīt be so angry with me honey
  • #93,230
  • Jan 16, 2019 9:13am Jan 16, 2019 9:13am
By the way i really wonder why GBP is rising after yesterdays news? Now that its even more likely than ever a hard- brexit will come actually this doesnīt make sense to me. Arenīt these bad news for the pound? I mean this would mean the country would get into a real chaotic situation, why is the market so relaxed here?
  • #93,231
  • Jan 16, 2019 9:21am Jan 16, 2019 9:21am
Quoting lddd
By the way i really wonder why GBP is rising after yesterdays news? Now that its even more likely than ever a hard- brexit will come actually this doesnīt make sense to me. Arenīt these bad news for the pound? I mean this would mean the country would get into a real chaotic situation, why is the market so relaxed here and its still looking bullish against the dollar for e.g which is quiet strong at the moment. more likely than ever

IMO the rejection was priced in with a move of -200 pips GBPUSD on the expectations of a failed deal vote. Reversal may have been profit taking and the possibility of a delay. That mixed with May having enough votes to avoid a no confidence vote may be leading to a hope of more negotiations for a softer Brexit.

That's how I'm reading it anyhow that the expected failed deal was priced in for that day leading up to the rejection.
I could be wrong but the move after the vote was in contrast to the vote, but the move leading up to the vote was not.
  • #93,232
  • Jan 16, 2019 9:45am Jan 16, 2019 9:45am
GBP/USD M30/M1 Long Trade

Just got in from work and saw this set up.

I will post an update of my post from this morning later Post #93,192
Attached Image (click to enlarge)
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  • #93,233
  • Jan 16, 2019 10:00am Jan 16, 2019 10:00am
Quoting stevepatt
GBP/USD M30/M1 Long Trade Just got in from work and saw this set up. I will post an update of my post from this morning later Post #93,192 {image}

can you share with me template file and indicator
  • #93,234
  • Jan 16, 2019 10:32am Jan 16, 2019 10:32am
Quoting stevepatt
GBP/USD M30/M1 Long Trade Just got in from work and saw this set up. I will post an update of my post from this morning later Post #93,192 {image}
Exited this Trade with +2 Pips

M30/M1 Short Trade

When Trading M1 you need to be quick to Adapt to Order Flow as it happens so Trading like this does take practice and some experience.
Attached Image (click to enlarge)
Click to Enlarge Name: 16th Jan 19 GBP:USD M1:M30 Short Tarde.png Size: 131 KB
  • #93,235
  • Jan 16, 2019 10:33am Jan 16, 2019 10:33am
Quoting thisara1
{quote} can you share with me template file and indicator

Hi Thisara,

Give me some time to get it sorted, I'll let you know.
  • #93,236
  • Jan 16, 2019 10:55am Jan 16, 2019 10:55am
Quoting lddd
{quote} Yes. Looking at the H4 Chart Picture. I count about 10 valid signals. Even without looking at 4x basics, price action, or the longer term trend conditions for each setup like what the daily or weekly looked at this point, there were about 10 signals. {image} The most recent one still not clear. But 7 out of 9 seemed to be good. Could have booked maybe about 500 Pips if entry on the first setup candle until HA changed color. Well this is good, but i am not sure how to build any real trading plan out of it for trading only the H4 signals here....
Iddd
How times have Emmanual, jmn, Div, Rick to an extend advice you. Even Steve has showed his way of trading. You complain that I cherry pick my trades, don't provide proof for this method. Don't know about mtharwat, the chart's he post's look pretty darn good to me that he is doing good with TMS. philstodd summarized TMS real fast up.

What have change since six months ago. Your post's still read the same. Showing no growth. Still seeking the prefect setup, still trying to find those trends that run for xxx hours / days. Still complaining that you don't want to sit in front of the computer.

You are not prepare to take responsibility to develop your own method no one will do it for you.
  • #93,237
  • Jan 16, 2019 12:11pm Jan 16, 2019 12:11pm
Quoting stevepatt
{quote} Exited this Trade with +2 Pips M30/M1 Short Trade When Trading M1 you need to be quick to Adapt to Order Flow as it happens so Trading like this does take practice and some experience. {image}
GBP/USD M30/M1 Short Trade Result

+22 Pips +2R

I like to Trade into and away from Whole and Half Numbers when possible.
Attached Image (click to enlarge)
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  • #93,238
  • Jan 16, 2019 12:43pm Jan 16, 2019 12:43pm
Quoting stevepatt
M30/M1 Observations Once Price makes a New Low / New High I expect a PullBack to the Origins of the move. It's then a matter of watching for PA. {image}
Being able to adapt to Price and Order Flow as it happens makes the difference.

To be able to adapt fast enough you have to be Trading M1 and below.
Attached Image (click to enlarge)
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  • #93,239
  • Jan 16, 2019 12:44pm Jan 16, 2019 12:44pm
Quoting Tekkies
{quote} Iddd How times have Emmanual, jmn, Div, Rick to an extend advice you. Even Steve has showed his way of trading. You complain that I cherry pick my trades, don't provide proof for this method. Don't know about mtharwat, the chart's he post's look pretty darn good to me that he is doing good with TMS. philstodd summarized TMS real fast up. What have change since six months ago. Your post's still read the same. Showing no growth. Still seeking the prefect setup, still trying to find those trends that run for xxx hours / days. Still complaining...
Yes you are right. Ask your self why this is. You post charts nothing do to with what has been introduced by BigE not even using HA candles, posting charts where you enter on M15 with looking at H1 while TDI was not even crossed for the setup candle on the time frame you say to trade and so on and so on.

Then there are others here trying to convince me from jumping over to H4 to get less false signals but can’t even tell me where to place stops for such trades or how they manage such trades in way can be repeated day by day or backing this up by posting some charts with the same template and indicators this strategy was made for on a daily, weekly base or even a monthly summary of all such trades they have done. I guess this is either to complicated for them or they simply have no constant success with this strategy by their own.

Honestly don’t you think this topic is a joke like this? Now you will tell me again I am responsible for my own trading and have to develop my own trading plan, sure you’re absolute right on that, but this has nothing to do with what I am asking here.

Simple questions can’t be answered, only trolling, every day I come here and read trying to find something useful I first have to scroll through 3-4 pages full of little fights with you and Emmanuel again trying to compare penis sizes or what ever.

Oh man, okay so I am out of here there are probably better places to invest my time in. I will find them.
  • #93,240
  • Jan 16, 2019 12:54pm Jan 16, 2019 12:54pm
For anyone interested here is an article on Market Structure etc.

https://www.tradingview.com/chart/GB...al-Charts-1-5/
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