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Trading Made Simple

  • #93,481
  • Jan 23, 2019 1:36pm Jan 23, 2019 1:36pm
Quoting Tekkies
{quote} Yes below consolidation and you can also say that block formed it own short Resistance Clearly you did not read correctly Iddd Where did I say H1 has crossed. - M15 crossover. - H1, Stoch confirm direction. If you miss a small detail like that how many other points did you miss? - Did not mention the time of entry. How many time did I mentioned that the closer the H1 is to the end of the current bar time there is less change for something to go wrong - Did not mentioned the angle of TDI M15 green is below 5 and H1 is below...

@Tekkies,

Of course you did no say H1 has crossed.

It is because the TDI cross UP and your M15 cross down when you took those 2 sell trades. You tried pick top to sell using M15 entry but got caught when the H1 TDI did not cross down. It is simple as that.

Trying to catch a H1 reversal early by looking for the last M15 is one of the common mistakes made by newbies. Why not try that on M5? or even M1 is much earlier as one trader here used to say.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies DeE30 trades H1 stoch 24-01-2019 03-09-49.png Size: 350 KB


Keep It Simple: When you trade H1, find your trade setup and entry on H1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,482
  • Jan 23, 2019 1:40pm Jan 23, 2019 1:40pm
Quoting emmanuel7788
{quote} @Tekkies, now that you edited your post and added a trading view chart. this clearly explains why you cannot trade with the TDI posted in this thread. many false TDI signals. Do you know why Big E did not trade the Sunday candles? Did you read his old thread? you have clouds over your 3 eyes. ( why 3 eyes? it include your third eye'). Only you think I am damaging myself. I am not being negative. The truth hurts you. I am here to expose your lies about being profitable and making profits. {image}
Please stop harassing me Emmanuel.
I did not ask for your advice, nor do I require your advice. Have been you been a "nice" man no problem. Your posts are nasty, degrading, and repulsive mixed with a healthy dose of offensiveness.
Have a nice day or night Emmanuel
  • #93,483
  • Jan 23, 2019 1:42pm Jan 23, 2019 1:42pm
Quoting Tekkies
{quote} The negativity does not stop does it Emmanuel? What is positive about your post? Please read this Post 495

@Tekkies,

I know Post#495 very well. I read that even before you joined FF.

you are that someone who keep on repeating Big E's post by cut-and-paste.

and someone kept repeat saying: "if..you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep it simple. Buy your wheel barrow..."

Question: Have you reached 85% successful in 3-6 months? If you have not, then your simple rules and simple exits are not working. Keep on working at it.

But remember, Keep It Simple has its limitations.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,484
  • Jan 23, 2019 1:47pm Jan 23, 2019 1:47pm
Quoting Tekkies
{quote} Please stop harassing me Emmanuel. I did not ask for your advice, nor do I require your advice. Have been you been a "nice" man no problem. Your posts are nasty, degrading, and repulsive mixed with a healthy dose of offensiveness. Have a nice day or night Emmanuel

@Tekkies,

I am not harassing you. I also do not give you advice.

You post trade charts and I asked questions. That is open discussions not harassment.

Stop lying. And we will all be nice and keep this thread focus on trading.

Now, we are waiting for you to show those two sell trades by drag-and-drop the trade details from you MT4 terminal onto your chart and post an update.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,485
  • Jan 23, 2019 1:58pm Jan 23, 2019 1:58pm
Refering to a previous post that was made by a member. Use the information from both chart's to trade.
Both M15 and H1 can be trade on their own.
Together I have found they help me a lot more then each on their own.
Remember that the angle on both chart's play a significant role in picking a trade.
Also it will do no harm to try and trade in the direction of a higher time-frame like D1.
Attached Image
  • #93,486
  • Jan 23, 2019 2:10pm Jan 23, 2019 2:10pm
Quoting Tekkies
Refering to a previous post that was made by a member. Use the information from both chart's to trade. Both M15 and H1 can be trade on their own. Together I have found they help me a lot more then each on their own. Remember that the angle on both chart's play a significant role in picking a trade. Also it will do no harm to try and trade in the direction of a higher time-frame like D1. {image}
Keep It Simple:

If you trade M15, look for trade setups and entry on M15.

If you trade H1, look for trade setups and entry on H1.

Fine tuning of entries using lower timeframe requires more knowledge and experience.

Big E did not talk about fine tuning of entry using lower timeframes. he traded with single entry / single exit and he used one chart timeframe for both entry and exit.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies trends 24-01-2019 04-00-21.png Size: 288 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,487
  • Edited 3:43pm Jan 23, 2019 3:02pm | Edited 3:43pm
Iddd this is for you
Followup on Post 93,470
Look at the blue dot's
Want to enter a fourth trade?
Now would you do it if you saw this:
(Blue dots)
- M15 green bounce red.
Why did I not enter a trade on that bounce? Look at Blue dot far left / M15 Stoch down
- H1 is about to cross up. Do you like angel of the upcoming cross?
- Stoch direction
- M15 going flat
- Time of day / night (think Asia
- Dots between candle's
--- Do you see those two long wicks which pulled back. what does it signify? Look likes price does not want to cross a barrier.
Look at (M15) Ask line is showing the reason.
M15 blue dot far left with red SL.
Why is the SL placed there. (think Resistance)
--- H1 Blue dot with black Ask line. (think Resistance
(not part of TMS - Look where is M15 / H1 stoch if you know how to use OB/OS then --- will say no more)
Attached Image (click to enlarge)
Click to Enlarge Name: 2112019Woensdag follow yp.PNG Size: 62 KB

Can you start to understand what Post#647 is about. It is a bunch of rules which needs lot of screen time to learn. You got to spend time doing live learning. Complain about how many hours you sat behind the screen is not going to help you.
What did you do with those many hours you complained spending?
- Stare at price going up or down or did you scroll back searching for potential entry's (example above)
Edit: Closed trades Bed time.
  • #93,488
  • Jan 23, 2019 7:26pm Jan 23, 2019 7:26pm
Quoting lddd
@Tekkies Hereīs another TDI buy signal i took on EUR/USD M15. But what about the "longer term trend". H1 candle at time of the M15 crossover not closed yet + the candle before was bearish one. Overall EUR/USD for me seems to be in sideways/down trend state if looking at H4, Daily... doesnīt matter? If you trade such signals it seems to me like you have a 50/50 chance at BEST, nothing better... Looking back on what ever chart i can find 1 of such setups which did not work under the same conditions at time of the signal. {image} {image} No matter how good the TDI angle, price action, market structure or the longer term trend looks like. So i ask my self, where is the "edge" here exactly? See this: {image}
So i ask my self, where is the "edge" here exactly?

The truth is there is no edge in using the TDI for entry and exit.

When a member's trade go wrong, anyone can on hindsight use Post#647 and pin-point many reasons why a trade failed. Post#647 is like many disclaimer written to say you did not follow the rules. You do not need perfect vision to see Post#647 rules on your charts.

You need to cherry pick the trade setups the same way the OP did.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,489
  • Jan 23, 2019 8:11pm Jan 23, 2019 8:11pm
Quoting lddd
{quote} Good idea, is there some "traders-job-offers24-near-by-me.com" where you could find such traders? I live near to Berlin and there is not one person i know or heard of working as a "professional" trader no matter if on a retail base trading his own money or for some bank/hedge or what ever for at least some years with proven constant profitable results. Probably if such people really exit they would have also something better to do instead of coaching/mentoring any newbies. I mean i would even spend a lot of money for this, traveling...

@lddd,

I am surprise that you do not know any of the trading community in Germany especially in Berlin. There are active traders, mostly trading the stock market.
Few years ago, I met up with a group attending trading workshop and many of them are traders who trade accounts above euro200K. Some do trade spot forex but they are predominantly stock traders.
Here in FF are also many German based traders. You will find them in other threads.

Asking a broker is bad advice. Don't ask brokers, they have their affiliations, IBs, etc.

I am sure come summer, there will another workshop cum gathering in Berlin. If not this year, then surely will be 2020. You may want to look up news, coneferences and events in the financial industry, particularly in investments and trading.

Learning from a mentor may shorten your learning curve but there is no guarantee that he will turn you into a better trader. A lot can be learned through self-study and personal awareness. I read your posts and I see there are some issues. Those issues has nothing to do with the trading systems and can be addressed by someone whom you know and fully trust with confidence. You must not tust anyone in a public forum like FF and especially in this thread.

I see many buskers on the streets of Berlin. Back in the 90's, I used to travel there for business and have an apartment on Nuenbergerstrasse.
Street buskers like this one below:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,490
  • Jan 23, 2019 11:41pm Jan 23, 2019 11:41pm
Quoting lddd
{quote} Do i get it right that you use the M15 chart only to get some better entry point? Its only for execution, right? So do you "plan" your trade including the potential stop loss and take profit target for the H1 period? If this is true, why donīt you wait until the H1 candle closed? If you plan and manage your trade for H1 what time period you use for "the long term"? The H4, the Daily, the Weekly? {quote} How can you say that? Look at your M15 entry after the TDI cross over signal. At this time where you entered the sell entry for the first...
With the market going nowhere and a refreshing bath (to a long time to wash of a member's negativity) I will try and explain that tiny detail.
Have posted many times to wait for H1 green. How many M15 bar's in a H1 time frame?
First entry
M15 crossover indicated a possible entry at 2019.01.23 15:15
- At that time H1 green was still showing up
- It took H1 45 min to update green to show a down trend (remember TDI only update at the close of the bar)
Have posted wait for H1 green to confirm direction.
- Something gave DE30 a nice wake-up call (Got sting by a bee?)
The second entry was done during that bee-sting. M15 shooting up and down. H1 started to go down as well and I entered.
Two things could have happened with that second entry.
- M15 could have gone mad again and shot up past second and first enter
- This time it went down.
Last night gave you a short "guide" about post#647. This morning (by coincident) price did what was expected. Lucky shot? Would not know.
Attached Image (click to enlarge)
Click to Enlarge Name: 2412019Thursday chetty.PNG Size: 61 KB
  • #93,491
  • Jan 24, 2019 2:06am Jan 24, 2019 2:06am
live trading


sell gbpjpy h1
  • #93,492
  • Jan 24, 2019 2:14am Jan 24, 2019 2:14am
Quoting kain775
{quote} It's been mentioned many times about the 32 level in this thread and also likica's thread. I'm sure i've seen emmanuel mention it several times also. It's also mentioned in many other indicator threads [with levels] that when the indicators start to reach their extremes do not open a counter trend trade. if you get a valid setup where it worked under the 32 level it was a low probability trade with a low chance of success. If low probability setups are what you want then continue to take buy setups under the 32 level. You are asking for...
Quoting eelfranz
Always cherry pick and look for the steepest angles to trade... {image}
TDI signals are worth NOTHING unless they are accompanied by the correct price action.

therefore we must learn from Big E how he cherry picked his trade setups.

certain price action seen with price bar patterns will show strong price momentum and the TDI Green is slow to respond as it has to wait for the price to Close.

Example DE30 M15 Frankfurt Open. We have a Master Candle consolidation, the a BEOB price bar pattern as the breakout. But the market has been choppy for hours and we have risks to sell into recent support. How do you mitigate the risks seen?



Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 04 Jan 24 FO BEOB MC breakout.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,493
  • Jan 24, 2019 3:18am Jan 24, 2019 3:18am
Quoting amiralifx
live trading sell gbpjpy h1
well, I see a H1 reversal candle when LO.

H1 okay but H4 and D1 not ready for sell at the moment.

GBP strong bullish GBPUSD, GBPAUD, GBPCAD and GBPNZD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,494
  • Jan 24, 2019 3:40am Jan 24, 2019 3:40am
Another tricky situation to trade... in choppy market.

DE30 H1 Jan 24 London session,

a reverse Pop Gun with very strong BUOB but we see resistance above.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 04 jan 24 H1 reverse Pop Gun.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,495
  • Jan 24, 2019 4:42am Jan 24, 2019 4:42am
Quoting emmanuel7788
We have a Master Candle consolidation, the a BEOB price bar pattern as the breakout. But the market has been choppy for hours and we have risks to sell into recent support. How do you mitigate the risks seen? {image}
What you mean by mitigate the risks seen? Your risk should be clear to you in advance before any trade triggered. For e.g by setting a stop loss. Then you will know exactly what your maxium risk will be on a single trade like if you go short on this one.

The only thing here you should be clear about too, is like you said how near you are to a recent support/resistance level and decide if this will give you enough
reward compared to the risk taken

For this particular trade you could have place your stop loss quiet tight. Then if you donīt aim for a hundrets of pips you could have targeted reaching somewhere near to the recent support level you see (as marked on your chart).
  • #93,496
  • Jan 24, 2019 5:03am Jan 24, 2019 5:03am
I have not visited FF for a long time, this morning I looked again in the longest running topic "Trading Made Simple". Still the ever-continuing battle between Emmanuel and Tekkies. I had to laugh at one side, on the other it made me sad. Two adult men at a certain age still continuing to bombard each other with a lot of words with a much too high ego level.....
Keep it simple without too many crappy indicators!
  • #93,497
  • Jan 24, 2019 5:04am Jan 24, 2019 5:04am
Quoting emmanuel7788
{quote} @lddd, I am surprise that you do not know any of the trading community in Germany especially in Berlin. There are active traders, mostly trading the stock market. Few years ago, I met up with a group attending trading workshop and many of them are traders who trade accounts above euro200K. Some do trade spot forex but they are predominantly stock traders. Here in FF are also many German based traders. You will find them in other threads. Asking a broker is bad advice. Don't ask brokers, they have their affiliations, IBs, etc. I am sure come...


Good answer! So thanks for that, will see what i can do to connect with some traders near by me. I would agree talking to brokers is probably not helpful if you looking forward to withdraw money from them on a regular base instead of paying in...

I also started reading the "Naked Forex: High-Probability Techniques for Trading Without Indicators" you recommended. I am on chapter 2.

Is there a good way of manually testing a strategy only based on a price action setup without cheating to gain experience? Only demo trading right?
  • #93,498
  • Jan 24, 2019 5:25am Jan 24, 2019 5:25am
Quoting Tekkies
It took H1 45 min to update green to show a down trend (remember TDI only update at the close of the bar)
This is what i meant talking about the lagging factor some time ago. Remember? So, you found a way to "exploit" the delay "in your own way" it takes the TDI indicator to update its calculations and changing its graphical guideline like the green angle and so on.

But if you enter at such early stage without waiting for the price bar to close, couldnīt you just use the live/real time TDI indicator? It should be no difference for your trading style unless you deactivate any alert functionality for cross overs.
  • #93,499
  • Edited 6:36am Jan 24, 2019 6:15am | Edited 6:36am
Quoting lddd
{quote} This is what i meant talking about the lagging factor some time ago. Remember? So, you found a way to "exploit" the delay "in your own way" it takes the TDI indicator to update its calculations and changing its graphical guideline like the green angle and so on. But if you enter at such early stage without waiting for the price bar to close, couldnīt you just use the live/real time TDI indicator? It should be no difference for your trading style unless you deactivate any alert functionality for cross overs.

when you trade a H1 price action reversal setup, this way in trying to get an early entry using M15 will fail most of the time.
just look at M15 bars in a H1 period, for a H1 true reversal, the price must make a higher high and higher Close for bullish reversal. The opposite for bearish reversal, the price must make a lower low plus lower Close.

it would be different if H1 is ranging sideways and you try to get a M15 entry before the H1 RSI/TDI cross, you may get lucky.

this may work if after the H1 reversal and price continues to move and makes pull-back, you may in certain volatility situations get 2 to 3 M15 candles to retrace and reverses back in the direction of the established H1 trend, this happen often. In M15, you may see a hook back cross and then rebound cross of the RSI or TDI, and if this happen on the 4th M15 candle of the H1, it will play out.

Edit:

Here is an example how we use H1 and H4 to see what a H4 reversal is. H4 must show higher high, higher low + higher Close in the reversal Candle.

It is always about a reversal candle in that timeframe you trade and not in the lower timeframe.

Attached Image (click to enlarge)
Click to Enlarge Name: H1 H4 example reversal.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,500
  • Edited 7:08am Jan 24, 2019 6:48am | Edited 7:08am
Quoting emmanuel7788
{quote} when you trade a H1 price action reversal setup, this way in trying to get an early entry using M15 will fail most of the time.
Well this is what i am talking about the hole time! If you not wait until at least one H1 candle closed outside of the last high (for going long) or the last low (for going short) chances are high that H1 is falling back into a sideways/consolidation period and then even with your early M15 cross over entry you will have a problem getting out of such trade.

As the SL has to be tight here otherwise most of the small profit targets would make no sense (no good risk/reward). So you risk either getting stopped out in a few candles run while your fixed SL is hitted or you will need to get out by manually taking action on such trade if you follow the TDI exit rules like exit if TDI crosses again, hooks over, forms a check mark or similar.

But i see no real alternative... Even if the H4, Daily, Weekly will give more reliable entry setups these are rare to catch (if not monitoring and trading multiple markets at the same time). You would need some trade manager to do so in a efficient way and still in the end of the month you probably would have not enough pips booked in to make any reasoanble amount.

This is not what i want. I donīt want to have trades open going on for days or having to use some automated monitoring/trade management tools.

If M15 /H1 is already so hard to master, i wonder how people trade this strategy on even lower time frames without getting killed...

To me the only real alternative seems to find better entries by concentrating on pure price action because the TDI always lags behind in case of giving a proper signal for the time frame you want to trade without beeing late to the party.

The most ironic fact i then hear is, "the TDI is worth nothing without the right price action". So why not directly look on price action and you may get a far better entry instead of waiting for any cross over?
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