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Trading Made Simple

  • #93,361
  • Jan 21, 2019 1:29am Jan 21, 2019 1:29am
Quoting emmanuel7788
{quote} that's not exactly correct, the problem is people are too much focus on the TDI being the heart of the method and missed seeing the natural flow of the price. there is nothing wrong to believe in the TDI is the heart of the method because the TDI shows the relative periods price momentum and that momentum is in the natural flow of the real price. too much time spent looking at the TDI. Big E knew how to pick the best setups, what did he looked at to pick his best setups? There are quite a few clues.
If i have understood Stevepatt and his style of trading, and feel free to correct me, he is using price action. If you are looking @ TDI, by definition you are getting late into the game as indicators are lagging by their very nature (depending on what version of TMS - you are at worst 1 bar late, i dont get in after the second bar). I don't think you can compare Stevepatt and Big E, especially if you are talking about using TDI.

I think the point Big E was making was - once you see a currency make a move (i.e. crossover with momentum), check to see if price action supports, which i suspect will always be late.

Stevepatt - are you bought into the idea of indicators - based on your charts you are pretty much all about raw Price Action?
  • #93,362
  • Jan 21, 2019 3:16am Jan 21, 2019 3:16am
Price Action, price action, price action, price action, ........

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jan 21 H1 LO candle.png Size: 35 KB


comparing TDI Red Green (thick lines) with TDI RT realtime (thinner line)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,363
  • Jan 21, 2019 3:57am Jan 21, 2019 3:57am
Quoting emmanuel7788
DE30 Week 04 Jan 21 to 25 Daily chart with Weekly view: {image} with a Weekly breakout and a rather strong Daily closed last Friday, some may look to trade a possible correction. M15 chart: Where and When to trade? {image}
DE30 Jan 21 London session

lets observe what price will do as it near a previous price action PPA zone...
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 04 M15 Jan 21 LS.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,364
  • Jan 21, 2019 3:58am Jan 21, 2019 3:58am
Quoting emmanuel7788
{quote} DE30 Jan 21 London session lets observe what price will do as it near a previous price action PPA zone... {image}
What do you mean by PPA?
  • #93,365
  • Jan 21, 2019 4:06am Jan 21, 2019 4:06am
Is there any way to have the TDI indicator giving alerts at first bar after close but only for a good TDI green angle like for a buy entry 12-14 clock, sell 16-18 clock and ignoring all other crosses?
  • #93,366
  • Jan 21, 2019 4:10am Jan 21, 2019 4:10am
Quoting lddd
{quote} What do you mean by PPA?
look to the left, you will see ... PPA


Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 04 M15 Jan 21 PPA.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,367
  • Jan 21, 2019 4:11am Jan 21, 2019 4:11am
Quoting emmanuel7788
{quote} look to the left, you will see ... PPA {image}
Oh ok you mean previous price action. Yes ok, thanks.
  • #93,368
  • Jan 21, 2019 4:16am Jan 21, 2019 4:16am
+20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 140 KB


I'm also

short GU
short AU
short UJ

fingers crossed
  • #93,369
  • Jan 21, 2019 4:20am Jan 21, 2019 4:20am
Quoting emmanuel7788
{quote} look to the left, you will see ... PPA {image}
So i would want to wait here until price drops down further before entering any shorts because of previous price action at this level pushed price up, so acting as kind a support here right?

Now this is a good example as TDI already signaled a good cross here to go short. But for what exactly you want to wait now? The problem is if you wait for another H1 bearish bar here just to get more confirmation your entry will be late on M15 and probably most of the move is already over and you will jump on to late.
  • #93,370
  • Jan 21, 2019 4:58am Jan 21, 2019 4:58am
@Tekkies, waiting for your comments on this one.

GBP/USD M15

Attached Image (click to enlarge)
Click to Enlarge Name: gu-m15.jpg Size: 129 KB


- TDI crossed at a good angle 12-13 clock for going long
- Stoch confirming (actually in most time this is what it does, so i removed this indicator completely...)

GBP/USD H1

- TDI not crossed ... No bullish candleīs.

Attached Image (click to enlarge)
Click to Enlarge Name: gu-h1.jpg Size: 139 KB


So regarding to H1 (looking at the longer term trend as you call it). TDI gives NO CROSS AT THIS TIME (and this is what its doing most of the time while comparing M15/H1 crosses). So how do want to know H1 (even if the angle is hooking over) will reverse here to confirm and bullish action? Because at this time H1 candle is not closed and TDI not crossed which means its still bearish to me.

How do you trade only WITH THE TREND here? In my understanding you always have to trade against the trend because these TDI crosses which happen on M15/H1 are not even noticeable on H4, Daily or Weekly.

So you get a bullish TDI cross signal here but everything else is looking bearish or maybe sideways at best. And if its looking bullish on the longer term trend you wonīt find any good TDI setups on the TF you wish to enter ...
  • #93,371
  • Jan 21, 2019 5:12am Jan 21, 2019 5:12am
Quoting lddd
{quote} So i would want to wait here until price drops down further before entering any shorts because of previous price action at this level pushed price up, so acting as kind a support here right? Now this is a good example as TDI already signaled a good cross here to go short. But for what exactly you want to wait now? The problem is if you wait for another H1 bearish bar here just to get more confirmation your entry will be late on M15 and probably most of the move is already over and you will jump on to late.

My trade bias is to follow the Daily and right now it looks like it is in a retracement. And with US bank holidays and Eurpean market will close in about 6 hours, I will rather wait for M5 to complete its structure change and look for a buy.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 04 Jan 21 M5 structure change.png Size: 108 KB


But anyone trading M15 would have enter buy simply following TMS rules... seeing that reversal candle.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 04 Jan 21 M15 setup candle.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,372
  • Jan 21, 2019 5:13am Jan 21, 2019 5:13am
Quoting lddd
@Tekkies, waiting for your comments on this one. GBP/USD M15 {image} - TDI crossed at a good angle 12-13 clock for going long - Stoch confirming (actually in most time this is what it does, so i removed this indicator completely...) GBP/USD H1 - TDI not crossed ... No bullish candleīs. {image} So regarding to H1 (looking at the longer term trend as you call it). TDI gives NO CROSS AT THIS TIME (and this is what its doing most of the time while comparing M15/H1 crosses). So how do want to know H1 (even if the angle is hooking over) will reverse here...
Do not trade. Market in consolidation. Wait for New York to open
  • #93,373
  • Edited 6:42am Jan 21, 2019 6:13am | Edited 6:42am
Quoting Tekkies
{quote} Do not trade. Market in consolidation. Wait for New York to open
Well, i normally do not trade the New York session. My active trading time is reduced to trade only the first hours from London Open. New York will open in 1 hour at 14 PM my local time. (Today is US Bank holidays btw). At this time i am already sitting 6 hours in front of the screens and this actually should be enough to make 20-30 Pips a day right? But probably not with just watching one market on M15/H1...

This is why i wonder how you are able to make enough pips only trading M15/H1 by only looking at one market like the Dax which is also not really giving a lot of opportunities on a daily base.

Also how do you want to make sure that consolidation period will be over as soon as New York opened? You canīt. So you probaly skip such setups again because its "consolidation" which is 90% of the time the case.

Which leads again to watching charts not moving, entering on setups where market structure is wrong, price action is wrong and what else.

So the question is how much time and how many markets you need to watch here to trade M15/H1 profitable in the long run. Because you cannot expect the market to give you smooth trending conditions day in day out. Actually like said many times, to me it looks like consolidation/ranging is what happens for 70-90% of the time.

So you can only risk trading against the trend like said praying you make enough pips from even a risky setup or not doing anything at all (so not making any pips).

Trading H4, Daily is boring as my broker posts new H4, Daily candles at times i donīt want to be at the computer at all. You cannot even setup alerts for H4 you can trust and where you donīt have to do any further technical analyse like price action, market structure and what else, otherwise this would probably be a time saver but not like that.
  • #93,374
  • Jan 21, 2019 6:26am Jan 21, 2019 6:26am
Quoting Tekkies
{quote} Do not trade. Market in consolidation. Wait for New York to open
Maybe give me a picture of what you mean by market is in consolidation here. Its not making large moves to one direction, right...Like said thats what itīs doing most of the time But if you say donīt trade through such period you need to explain how you want to make sure price is no longer in such condition and NOW it will break out + you get the perfect TDI signal + price action is right + you are in front of the screen exactly at this moment.
  • #93,375
  • Jan 21, 2019 6:42am Jan 21, 2019 6:42am
Quoting lddd
{quote} Well, i normally do not trade the New York session. My active trading time is reduced to trade only the first hours from London Open. New York will open in 2 hours at 15 PM my local time. At this time i am already sitting 6 hours in front of the screens and this actually should be enough to make 20-30 Pips a day right? But probably not with just watching one market on M15/H1... This is why i wonder how you are able to make enough pips only trading M15/H1 by only looking at one market like the Dax which is also not really giving a lot of...
Come back to what is your method and rules. TDI indicate a entry use the rules. Go to a other currencies. Make an assessment, come back in 15min or 30min or the next hour, next day. I can't trade for you.
----
Start to look for DE30 H1 green bounce red. M15 is also starting to look good. 20min then the martket will move down on what D1 is showing.
  • #93,376
  • Jan 21, 2019 6:49am Jan 21, 2019 6:49am
M15 cross
Below Resistance
Coming out of consolidation
Wicks top are more then wicks bottom
Stoch confirm direction
Attached Image (click to enlarge)
Click to Enlarge Name: 2012019Maandag below.PNG Size: 47 KB
  • #93,377
  • Jan 21, 2019 6:56am Jan 21, 2019 6:56am
Quoting Tekkies
{quote} Come back to what is your method and rules. TDI indicate a entry use the rules. Go to a other currencies. Make an assessment, come back in 15min or 30min or the next hour, next day. I can't trade for you. ---- Start to look for DE30 H1 green bounce red. M15 is also starting to look good. 20min then the martket will move down on what D1 is showing.
Tekkies i understand you canīt trade for me, also i do understand that TMS only gives rules for entries/exits. That has never been the question to me.

The question is and has always been how you manage all this "chaos" on a daily base. If you say you trade randomly for X hours looking through all market sessions while doing your technical analyses with only having "HOPE" in mind that something will happen you have either no consistency in your trading by your self, so no constant results, no constant income stream to pay the bills by the end of the month OR you maybe canīt explain this to me in simple english words.
  • #93,378
  • Jan 21, 2019 7:14am Jan 21, 2019 7:14am
Quoting lddd
{quote} Tekkies i understand you canīt trade for me, also i do understand that TMS only gives rules for entries/exits. That has never been the question to me. The question is and has always been how you manage all this "chaos" on a daily base. If you say you trade randomly for X hours looking through all market sessions while doing your technical analyses with only having "HOPE" in mind that something will happen you have either no consistency in your trading by your self, so no constant results, no constant income stream to pay the bills by the...
If I do I will be banned from FF.
https://www.forexfactory.com/showthread.php?t=215432
  • #93,379
  • Jan 21, 2019 7:23am Jan 21, 2019 7:23am
Quoting Tekkies
{quote} If I do I will be banned from FF. https://www.forexfactory.com/showthread.php?t=215432
Bullshit...

There is no forum rule forbids members of posting their daily routine.

Anyways i see, there is no hope in getting any valueable information here besides the facts or what is a technical entry or exit.

Have a good trading week to all of you. I am out for next weeks, traveling.
  • #93,380
  • Jan 21, 2019 8:06am Jan 21, 2019 8:06am
Quoting lddd
{quote} Bullshit... There is no forum rule forbids members of posting their daily routine. Anyways i see, there is no hope in getting any valueable information here besides the facts or what is a technical entry or exit. Have a good trading week to all of you. I am out for next weeks, traveling.
The information have been given. It is right there on MT4 screen. Stop doing statistics, start to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012019Maandag dtop.PNG Size: 48 KB
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