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Trading Made Simple

  • #93,381
  • Edited 9:42am Jan 21, 2019 9:02am | Edited 9:42am
Attached Image (click to enlarge)
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Maybe somebody could explain to me how to identify a VALID market condition for the M15 time frame and how such condition should has to look like for some M15 chart....

Is there some universal rule here where you can say that in this example market is in "consolidation" ?

You can only look left to the the M15 chart here and see that between the asian session (which is overnight to me) nothing special happened. Price was moving in a tight range moving up/down for a few little pips. (No surprise...thats what its doing nearly always in the asian session).

Then the European session starts with Frankfurt/London Open and there are obviously two good TDI signals for either BUY or SELL.

So if the TMS strategy says i should only take signals in "trending markets" where are those trending market conditions explained? How does they have to look like?

I mean to me its just natural that during the asian session nothing much happens at all and that within the new day maybe something is cooking out, a new trend where you maybe see a series of higher highs and higher lows coming up next, but who knows?

So you have two options here in my understanding:

A) Wait until there is a series of new higher highs higher lows (uptrend) clearly visible printed on my M15 chart. So in its consequence this mean i would have to wait until all possible good TDI signals are over again and the new day starts before taking any action. So going to bed again without any pips booked in...

B) Take action on these two signals BUY and SELL because they might be just the start of a new trend for the day, or who knows when such "consolidation" is finally over?
  • #93,382
  • Jan 21, 2019 9:34am Jan 21, 2019 9:34am
Market Conditions

Here is another example of EUR/USD M15 for today.

Attached Image (click to enlarge)
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Now how many of these lower highs and lower lows you need to wait until you can say "hey this is down trending and no more consolidation" before taking any TDI Sell signal?

On H1, H4, Daily by the way this might look like nothing at all. But i guess this should be not important to me if SL/TP is planed on M15, trade signal is executed on M15 where my SL is about 10-20 Pips while targeting for 20-30 Pips...
  • #93,383
  • Edited 10:14am Jan 21, 2019 9:54am | Edited 10:14am
Quoting lddd
Market Conditions Here is another example of EUR/USD M15 for today. {image} Now how many of these lower highs and lower lows you need to wait until you can say "hey this is down trending and no more consolidation" before taking any TDI Sell signal? On H1, H4, Daily by the way this might look like nothing at all. But i guess this should be not important to me if SL/TP is planed on M15, trade signal is executed on M15 where my SL is about 10-20 Pips while targeting for 20-30 Pips...
How times must it be explained? How many times Emmanuel, Steve, Rick, myself explain show / guide. How many chart's must we post with the same setup.
- Look at the angle on H1.
- Look at the angle on M15.
- Stoch condirm direction
- Consolidation
- Short Long term trend
- Bar's
- Wicks
- Sup/Res level.
You don't know any of those point's then google for answer's. Look at pictures, backtest forward test. Just do something constructive to increase your trading knowledge.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012019Maandag look.PNG Size: 73 KB

edit: Plot those yellow lines onto DE30. zoom in on m15 Find post#647 around those entry points.
  • #93,384
  • Jan 21, 2019 10:09am Jan 21, 2019 10:09am
Live trading

Buy gbpusd @ 1.28962 sl: -30 pips
tp: 1.29771
  • #93,385
  • Jan 21, 2019 11:05am Jan 21, 2019 11:05am
Quoting amiralifx
Live trading Buy gbpusd @ 1.28962 sl: -30 pips tp: 1.29771
o pips. exit with exit signal.
  • #93,386
  • Edited 12:35pm Jan 21, 2019 11:24am | Edited 12:35pm
Quoting Tekkies
{quote} How times must it be explained? How many times Emmanuel, Steve, Rick, myself explain show / guide. How many chart's must we post with the same setup. - Look at the angle on H1. - Look at the angle on M15. - Stoch condirm direction - Consolidation - Short Long term trend - Bar's - Wicks - Sup/Res level. You don't know any of those point's then google for answer's. Look at pictures, backtest forward test. Just do something constructive to increase your trading knowledge. {image} edit: Plot those yellow lines onto DE30. zoom in on m15 Find...
I thought asking some specific question would be doing something constructive, my mistake.

I asked for what is considered to be a consolidation market while looking at a M15 chart and what exactly it takes to invalidate such period so a possible trading setup where TDI gave a signal would be a valid one respecting this fact of the right market condition.

So consolidation here is if the last M15 candle was small, the last couple of M15 candles were small? What exactly Tekkies, show it to me...

Just show me where and why you think EUR/USD or GBP/USD is in consolidation at the time of the TDI signals. Where does consolidation starts here, where does it ends?

Regarding the famous post #647. Take note of how subjective these are. More subjective and you can trade a naked chart.

Quoting eelfranz
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Previous high or low of what? The last candles high/low for the M15 chart i want to trade on? The H1, the H4, the Daily, the Weekly, the Monthly...?

Am I in an uptrend or downtrend.. short & long term...

What is considered to be a uptrend or a downtrend here? No clear rule again. Like how many M15 candles here has to show up in blue/bullish before i can take any long setup? Or maybe counting the last hundrets of M15 candles? Counting only the structure of the last series of M15 candles? What exactly? Its like telling the taxi driver "Hey drive me somewhere there... you don´t know me but hey i think you understand where i want to drive..."

Am I in or close to a consolidation area

What is EXACTLY considered to be as "consolidation area" here?

Are the previous candles small...

What if they are small? They are small likely all the time, so i take only action on huge monster M15 candles, which leads to the question, what is to big?... Everything subjective here again.

Look at the candles on the last reversal... big, little, what

So what is considered to be "the last reversal" on a M15 chart before any setup of a TDI gave a cross? How much to the left i have to watch? Only the last swing, the last couple of swings, looking back until stoneage?
---

Now sure i can google what is consolidation or what is a trend. But you get a million of different results. Not sure what this should help, actually all these questions should be answered on post 1 where the strategy is explained. Why its not there? Why do people have to guess here about everything?
  • #93,387
  • Jan 21, 2019 11:48am Jan 21, 2019 11:48am
Quoting lddd
{quote} I thought asking some specific question would be doing something constructive, my mistake. I asked for what is considered to be a consolidation market while looking at a M15 chart and what exactly it takes to invalidate such period so a possible trading setup where TDI gave a signal would be a valid one respecting this fact of the right market condition. I think you have a hard time understanding proper englisch Tekkies, with google translate you probably will never understand the true meaning of my underlying concerns. Otherwise just show...
why do you want help from someone who claims hes not profitable
  • #93,388
  • Jan 21, 2019 12:01pm Jan 21, 2019 12:01pm
Quoting Divergence
{quote} why do you want help from someone who claims hes not profitable
Did not read anything else. At least every time i ask some specific question that goes into detail and maybe is beyond the scope of some simple indicator he refers on post #647 (where the same questions left open years ago by BigE already) mixed by some nice cherry picked winning trades of M15/H1 showing how great TDI worked out his way. I rarely see any losing charts from him so i assumed that he has constant success with what he is doing.
  • #93,389
  • Jan 21, 2019 12:14pm Jan 21, 2019 12:14pm
Quoting Divergence
{quote} why do you want help from someone who claims hes not profitable
You still have not answered what do you see as profitable.
  • #93,390
  • Jan 21, 2019 12:19pm Jan 21, 2019 12:19pm
Quoting Tekkies
{quote} You still have not answered what do you see as profitable.
wow what is the main purpose of trading? Again if you have to ask this question its time to go back to babypips.com
  • #93,391
  • Jan 21, 2019 12:55pm Jan 21, 2019 12:55pm
Quoting lddd
{quote} I thought asking some specific question would be doing something constructive, my mistake. I asked for what is considered to be a consolidation market while looking at a M15 chart and what exactly it takes to invalidate such period so a possible trading setup where TDI gave a signal would be a valid one respecting this fact of the right market condition. So consolidation here is if the last M15 candle was small, the last couple of M15 candles were small? What exactly Tekkies, show it to me... Just show me where and why you think EUR/USD...
How close am I to the previous high or lo
- Previous high or low of what?
???? I understood that he referred to the HA bar on the chart or do you use line chart

- The last candles high/low for the M15 chart i want to trade on? The H1, the H4, the Daily, the Weekly, the Monthly...?
What time frame did BigE trade on. Have you read what he posted (you would have taken note) he got all the information from the timeframe he trade on. In plain English it means the last candle high /low on the chart you want to enter a trade.

What is EXACTLY considered to be as "consolidation area" here?
Attached Image


I am going to stop here Iddd. You mock me for my English and you yourself show a lack of understanding or just plain stubborn to do some work on your own.

.
  • #93,392
  • Jan 21, 2019 1:07pm Jan 21, 2019 1:07pm
Quoting AkronD
{quote} 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),...
Hi Akron,

No, I've not bought into using Indicators just trying to demonstrate how if you do rely on Indicators you can incorporate them into Trading with market Structure and Price Action.
  • #93,393
  • Jan 21, 2019 1:30pm Jan 21, 2019 1:30pm
+20 pips
Attached Image (click to enlarge)
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-26 pips - this was a bad entry on the M15 Stoch but travelled +18 pips first
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  • #93,394
  • Jan 21, 2019 2:05pm Jan 21, 2019 2:05pm
Quoting Divergence
{quote} wow what is the main purpose of trading? Again if you have to ask this question its time to go back to babypips.com
You still have not answered what do you see as profitable.
In your words not some webpage or book, anyone can do that.
  • #93,395
  • Jan 21, 2019 2:13pm Jan 21, 2019 2:13pm
Quoting Tekkies
{quote} You still have not answered what do you see as profitable. In your words not some webpage or book, anyone can do that.
so you ask question a third time i gave you a hint with last post i guess you need me to spoon feed you. MAKING MONEY CONSISTENTLY
  • #93,396
  • Jan 21, 2019 2:31pm Jan 21, 2019 2:31pm
Quoting Divergence
{quote} so you ask question a third time i gave you a hint with last post i guess you need me to spoon feed you. MAKING MONEY CONSISTENTLY
Finally.
When you have a string of lose can you claim you are profitable or not. Even looking at your view point. When you don't trade for a few days are you making money consistently or is the account stagnating.
  • #93,397
  • Jan 21, 2019 2:36pm Jan 21, 2019 2:36pm
Quoting Tekkies
{quote} Finally. When you have a string of lose can you claim you are profitable or not. Even looking at your view point. When you don't trade for a few days are you making money consistently or is the account stagnating.
First off i dont have strings of losses that would not be profitable thats why your not profitable. secondly i trade 4 days a week 1 hour a day and if i only have 1 trade for 25 ticks i make 750 dollars. Trading is all about making money consistently otherwise you cant trade for a living
  • #93,398
  • Jan 21, 2019 3:02pm Jan 21, 2019 3:02pm
Quoting Divergence
{quote} First off i dont have strings of losses that would not be profitable thats why your not profitable. secondly i trade 4 days a week 1 hour a day and if i only have 1 trade for 25 ticks i make 750 dollars. Trading is all about making money consistently otherwise you cant trade for a living
Well said divergence. However there are differences, so i would probably not say that the ONLY main purpose of trading is to make money for every player in this industry. For sure the main ultimate goal for most retail traders is to make profits by the end of x trades for x time period.

Otherwise people could imagine something more positive and less boring to spend their life time with i guess. Well maybe for some hardcore freaks trading is fun somehow and they like watching nothing happens for most of the time while doing some ̶v̶̶o̶̶o̶̶d̶̶o̶̶o̶̶ ̶̶m̶̶a̶̶g̶̶i̶̶c̶ oops i mean "technical analyse" with their charts

If you cannot predict something for a long run because at best you get 50/50 results for a chart pattern you can see since markets were open for trading until today. The best thing you can do is get in/get out and pray for the lord you made enough money in this time period you can then probably invest in something more serious without such risks of blown up accounts due to human failure.

Actually nobody can tell me to have constant profitable trading results for years trading manually. There is a reason why professional bank traders at some point leave the office and become a portfolio manager for e.g or doing something completely different instead of keep trading with their own money for another decade or so.
  • #93,399
  • Jan 21, 2019 3:35pm Jan 21, 2019 3:35pm
Quoting lddd
{quote} Well said divergence. However there are differences, so i would probably not say that the ONLY main purpose of trading is to make money for every player in this industry. For sure the main ultimate goal for most retail traders is to make profits by the end of x trades for x time period. Otherwise people could imagine something more positive and less boring to spend their life time with i guess. Well maybe for some hardcore freaks trading is fun somehow and they like watching nothing happens for most of the time while doing some ̶v̶̶o̶̶o̶̶d̶̶o̶̶o̶̶...
no matter what we say and what we think.the only thing that pays the bills is money money money nothing else so we are in this business to make profit not for fun.
pbfx
we lead other follow
  • #93,400
  • Jan 21, 2019 3:35pm Jan 21, 2019 3:35pm
new here, does this strategy still work?
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