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Trading Made Simple

  • #93,301
  • Jan 19, 2019 4:24am Jan 19, 2019 4:24am
Quoting Rmg
{quote} As your chart says, price reading skills are must before thinking of using an indicator or using someone else's strategy. I used to add tdi to my charts and removed instantly, as my interpretaion & decision was faster then tdi . I follow 15 minutes chart using 1 minute as my execution tf. 5 SMMA Channel is my only edge, which idea is taken from this thread. I will find any excuse to enter the trade such as breakout, failure breakout, pullback whatever market thrown at me and exit when smma channel tells me so. Follow the price, stick to...

I still use the 5SMMA High-Low channel too which is the original Price Action Channel PAC from the Synergy trading model.

Question:
When you trade M15 with the 5SMMA, how do you pick the trade setup?

Entry on M1 is really very fast and it takes a lot of practise to have perfect trade execution.

Do you have some trade charts to share with us?

Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,302
  • Jan 19, 2019 4:31am Jan 19, 2019 4:31am
Quoting Tekkies
Something to think about. BigE's advice: - M15 green bounce red - H1 green cross red Apply post#647 with S/R level before placing a trade. Take note how H1 green stop M15 false singles. {image}

@Tekkies,

Comparing your chart and mine which is TMS template,

your TDI looks different.

I don't think that TDI cross you marked would be a good setup entry. The TDI Green slope is quite flat. A good setup TDI would be one with 4-6 angle, 5-6 would be best.

If you follow H1 TDI for entry and exit, both the setups A and B on my TMS template would have been exited when the TDI Green hooks back. This also show in M15 that the TDI M15 also cross up against the entries.

Tekkies chart - without APB and 5EMA,

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies GBPUSD M15 H1 post Jan 18.png Size: 228 KB


TMS template below:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jan 18 M15_H1 POMO.png Size: 99 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,303
  • Jan 19, 2019 5:07am Jan 19, 2019 5:07am
Quoting emmanuel7788
{quote} I still use the 5SMMA High-Low channel too which is the original Price Action Channel PAC from the Synergy trading model. Question: When you trade M15 with the 5SMMA, how do you pick the trade setup? Entry on M1 is really very fast and it takes a lot of practise to have perfect trade execution. Do you have some trade charts to share with us? Thanks.
At session open, if the 15m bar closes above or below is my directional bias,usually price pulls back to 1 m PAC and bouncing off is my entry point.
As long as price is above /below 15m 5SMMA PAC or 75 SMMA on 1 minute buy or sell using any price action method but always confirmed with 5smma pac.
I am scalping on DAX or NQ dont have a bigger account to go higher timeframes. Also no need to trade all day. Usually 1-2 hrs is more than enough to hit my targets. Loads of charts posted in my journal, i am not sure if its helpfull to anyone.
Cheers.
https://www.forexfactory.com/showthr...ost11901826ers.
on a postive roll...
  • #93,304
  • Edited 10:18am Jan 19, 2019 6:20am | Edited 10:18am
Quoting emmanuel7788
{quote} @Tekkies, Comparing your chart and mine which is TMS template, your TDI looks different. I don't think that TDI cross you marked would be a good setup entry. The TDI Green slope is quite flat. A good setup TDI would be one with 4-6 angle, 5-6 would be best. If you follow H1 TDI for entry and exit, both the setups A and B on my TMS template would have been exited when the TDI Green hooks back. This also show in M15 that the TDI M15 also cross up against the entries. Tekkies chart - without APB and 5EMA, {image} TMS template below: {image}...
Emmanuel
You are right, look at the two TDI's
- Mine is more "smooth" then one you use. (Why don't know. Post#25 TDI and that -1 might be the reason)
- My TDI only update at bar close. Yours plot green tick by tick. (live)
Means I use always a TDI green that is a time period late ea M15 or H1
Black dot show clearly the difference.
----
Which TDI green do you refer to?M15 or H1 on my chart.
- Both are below 4.
Right where green cross red on H1.
Right where M15 green bounce red. The yellow line (look at time) is the same place on both chart's. M15 green is already below red.
H1 green confirm that this will be a good enter.
Your A (5 bar's) and B (10 bar's) late after the crossover. Two bounce entry's which are good.
----
It is these small detail that make TMS so difficult to master. Now you slap Post#647 on top of this and confusion regain.
Attached Image (click to enlarge)
Click to Enlarge Name: 1912019Dinsdag verskil.PNG Size: 136 KB
  • #93,305
  • Jan 19, 2019 6:33am Jan 19, 2019 6:33am
Quoting Tekkies
{quote} Emmanuel You are right, look at the two TDI's - Mine is more "smooth" then one you use. (Why don't know. Post#25 TDI and that -1 might be the reason) - My TDI only update at bar close. Yours plot green tick by tick. (live) Means I use always a TDI green that is a time period late ea M15 or H1 Black dot show clearly the difference. ---- Which TDI green do you refer to?M15 or H1 on my chart. - Both are below 4. Right where green cross red on H1 and M15. Right where M15 green bounce red. The yellow line (look at time) is the same place on both...
Can Someone put Statement Detailed to proof if System is profitable at least 1 year

Regards,Alexander
  • #93,306
  • Jan 19, 2019 6:38am Jan 19, 2019 6:38am
Quoting Tekkies
{quote} Emmanuel You are right, look at the two TDI's - Mine is more "smooth" then one you use. (Why don't know. Post#25 TDI and that -1 might be the reason) - My TDI only update at bar close. Yours plot green tick by tick. (live)
The TDI from Post #25 should also only update after bar close. I am using this one and never noticed any live reaction during a bar/candle is forming.
  • #93,307
  • Jan 19, 2019 6:58am Jan 19, 2019 6:58am
Quoting Alex1055
{quote} Can Someone put Statement Detailed to proof if System is profitable at least 1 year Regards,Alexander
You can´t find such statements for a strategy that is traded manually (every trader here using it differently, most not even using the same tools as provided by the author years ago). So everyone is having different results... So nobody could ever proof until yet having constant profitable results just trading TMS cross overs for at least a year while publishing such live account statistic or what ever including all trades taken since then.

The best you can do is backtest the TDI crossover setups against past price data with something like MT4´s Strategy Tester.

But the best results you get here by "blindly" taking all such TDI crossover setups will be something like 50-60% winning rate but coming with a huge drawdown number while the average trade getting lost is not even twice as big as the trades you will win (1:2 risk:reward).

And such results are only for the H4 time frame, try this with something like H1 or M15 and results will be even worth because you get a hell lot of false signals can´t be filtered out by such system/ea here.

If you need proof of constant profitable results look for some commercial EA for e.g (Google it) or have a look at the automated trading systems can be followed at MyFxBook while getting copied such trades to your own account protecting it with your prefared money management rules.

Spoiler Alert: You won´t find any system/strategy here giving you more than 2-3% monthly at some decent drawdown level (under 10-15%) which are live traded with a reliable broker for lets say at least 2-3 years.

So if your target is making something like 2-3k per month you should at least have a $100.000 as your trading capital desposited on such account.

Hope this helps.
  • #93,308
  • Jan 19, 2019 10:03am Jan 19, 2019 10:03am
Quoting emmanuel7788
{quote} I look at Market Structure on M30 and Trade from M1. Question: <> If you are looking to Trade M15 you need to be looking at the Higher Time Frames for setups. <> what about when we trade M15. which higher timeframes would you look for setups?

Hi Emmanuel,

I would be looking at H4 which is 16x greater than M15.

The Markets are "Fractal" by nature so what we see on H4 is also present on M30 or M1 only on a smaller scale.

Personally I much prefer the Shorter TFs because of the Shorter time they take to Setup and the Shorter time I am exposed to Market Forces.
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Jan 19 GBP.USD H4 Observations.png Size: 125 KB
  • #93,309
  • Jan 19, 2019 10:22am Jan 19, 2019 10:22am
Quoting lddd
{quote} You can´t find such statements for a strategy that is traded manually (every trader here using it differently, most not even using the same tools as provided by the author years ago). So everyone is having different results... So nobody could ever proof until yet having constant profitable results just trading TMS cross overs for at least a year while publishing such live account statistic or what ever including all trades taken since then. The best you can do is backtest the TDI crossover setups against past price data with something like...
Yes,Thanks,so who is Profitable and put statement,more the 1 year

Regards,Alex
  • #93,310
  • Jan 19, 2019 10:37am Jan 19, 2019 10:37am
Quoting stevepatt
{quote} Hi Emmanuel, I would be looking at H4 which is 16x greater than M15. The Markets are "Fractal" by nature so what we see on H4 is also present on M30 or M1 only on a smaller scale. Personally I much prefer the Shorter TFs because of the Shorter time they take to Setup and the Shorter time I am exposed to Market Forces. {image}
Here's what it looks like on M15 most of the others work out also.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 19th Jan 19 GBP:USD M15 Observation 2s.png Size: 142 KB
Click to Enlarge Name: 19th Jan 19 GBP:USD M15 Observations 3.png Size: 138 KB
  • #93,311
  • Jan 19, 2019 12:00pm Jan 19, 2019 12:00pm
Quoting stevepatt
{quote} Here's what it looks like on M15 most of the others work out also. {image} {image}

the swing on your first image to the right of "patience is key" could either by a LL or LH depending on how one chooses to count the swing

how would you label that swing? and why would you label it that and not the alternative?
  • #93,312
  • Jan 19, 2019 12:48pm Jan 19, 2019 12:48pm
Quoting kain775
{quote} the swing on your first image to the right of "patience is key" could either by a LL or LH depending on how one chooses to count the swing how would you label that swing? and why would you label it that and not the alternative?

Hi Kain,

Take a look at the Chart below.

I would be more interested in the fact that Price had returned to Test the Origins of the Bullish Break
Attached Image (click to enlarge)
Click to Enlarge Name: 19th Jan 19 GBP:USD H4 Observations.png Size: 95 KB
  • #93,313
  • Jan 19, 2019 1:13pm Jan 19, 2019 1:13pm
Quoting Tekkies
{quote} Emmanuel You are right, look at the two TDI's - Mine is more "smooth" then one you use. (Why don't know. Post#25 TDI and that -1 might be the reason) - My TDI only update at bar close. Yours plot green tick by tick. (live) Means I use always a TDI green that is a time period late ea M15 or H1 Black dot show clearly the difference. ---- Which TDI green do you refer to?M15 or H1 on my chart. - Both are below 4. Right where green cross red on H1. Right where M15 green bounce red. The yellow line (look at time) is the same place on both chart's....

@Tekkies,

I use that same TDI Red Green Big E used. It is the original one in Post#25 which update the Red and Green lines at bar close.

Now you compare your H1 chart and mine below.

Do you see the difference? Your H1 chart looks like mine left chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies GBPUSD H1.png Size: 138 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1 TDI compare Jan 18.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,314
  • Jan 19, 2019 1:35pm Jan 19, 2019 1:35pm
Quoting stevepatt
{quote} Hi Emmanuel, I would be looking at H4 which is 16x greater than M15. The Markets are "Fractal" by nature so what we see on H4 is also present on M30 or M1 only on a smaller scale. Personally I much prefer the Shorter TFs because of the Shorter time they take to Setup and the Shorter time I am exposed to Market Forces. {image}

Excellent example and very clear explained.

Thanks.

I move to trading on Daily charts but I will find time to look at H4 / H1 / M15 again to sharpen my trading skills.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,315
  • Jan 19, 2019 1:49pm Jan 19, 2019 1:49pm
Quoting Rmg
{quote} At session open, if the 15m bar closes above or below is my directional bias,usually price pulls back to 1 m PAC and bouncing off is my entry point. As long as price is above /below 15m 5SMMA PAC or 75 SMMA on 1 minute buy or sell using any price action method but always confirmed with 5smma pac. I am scalping on DAX or NQ dont have a bigger account to go higher timeframes. Also no need to trade all day. Usually 1-2 hrs is more than enough to hit my targets. Loads of charts posted in my journal, i am not sure if its helpfull to anyone. Cheers....

I see a good approach for short term trading.


Thanks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,316
  • Jan 19, 2019 8:19pm Jan 19, 2019 8:19pm
Quoting emmanuel7788
{quote} @Tekkies, I use that same TDI Red Green Big E used. It is the original one in Post#25 which update the Red and Green lines at bar close. Now you compare your H1 chart and mine below. Do you see the difference? Your H1 chart looks like mine left chart. {image} {image}
And your point?
  • #93,317
  • Jan 19, 2019 9:09pm Jan 19, 2019 9:09pm
Quoting Tekkies
{quote} And your point?

@Tekkies,


you posted different versions of TDI indicator in this TMS thread and also in other threads.

tell us, which TDI version do you use?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,318
  • Jan 19, 2019 9:27pm Jan 19, 2019 9:27pm
Quoting Alex1055
{quote} Can Someone put Statement Detailed to proof if System is profitable at least 1 year Regards,Alexander

Hi Alex1055,

First, this is not a system.

The OP Big E shared a method and he was trading using his own discretion when to trade and when not to trade. He did not trade every TDI green cross red.

According to some old posts, he only picked the best setups and not every TDI green cross red.

He took very big risks when he traded those best setups.

Risking 15% to 30% of his $10K account deposit in one single entry trade.

Read these posts:

https://www.forexfactory.com/showthr...65#post4608165

https://www.forexfactory.com/showthr...60#post4609460

https://www.forexfactory.com/showthr...79#post4609879


After trading manually for many years, some of us decided to trade without any of the TDIs posted here in FF. We started in 2018 trading without the TDI.
There are alternatives shared by other members such as the use of the Fozzy RSI, MACD, Stochastics and two Moving Averages to replicate the TDI Green and Red lines.

Last year, I managed to achieve consecutive 10 months profits from Jan to Nov 2018. Trading only the Daily charts without any TDI.
I trade with Multiple Entries / Multiple Exits and using my trade manager to semi-automate my trade management.

See this post#92,789 link below:
https://www.forexfactory.com/showthr...5#post11844045
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,319
  • Jan 19, 2019 9:36pm Jan 19, 2019 9:36pm
Quoting emmanuel7788
{quote} @Tekkies, you posted different versions of TDI indicator in this TMS thread and also in other threads. tell us, which TDI version do you use?
Have told you all already. You don't want to exempt it, not my problem.
  • #93,320
  • Jan 19, 2019 9:40pm Jan 19, 2019 9:40pm
@emmanuel7788 What is difference between TDI RT Clone and original TMS TDI I am using TDI RT Clone because of TMS Angleator this is my charts view
Attached Image (click to enlarge)
Click to Enlarge Name: tms.jpg Size: 311 KB
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