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Trading Made Simple

  • #93,601
  • Jan 27, 2019 4:20am Jan 27, 2019 4:20am
Quoting Tekkies
{quote} I do have loses. I don't make money consistently therefor I am not profitable. What I do everyday is to grow my account by xxx profit. Even 1 pip growth makes me grateful. It is one pip more then what I did not had in my account yesterday. What did you not understood. - I am not profitable The mindset of many here is when they read "I am a profitable trader" they lose all sense. Thinking "I must learn all I can from this trader, he will make me rich" How many FF members accused the thread starter for making false claim to be profitable and...
Thank you for your explanation. May I suggest a shovel...

'in less than half an hour he made over 100 ticks'
  • #93,602
  • Jan 27, 2019 4:44am Jan 27, 2019 4:44am
Quoting onejester
{quote} Thank you for your explanation. May I suggest a shovel...
No. Thlnk big
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  • #93,603
  • Jan 27, 2019 6:01am Jan 27, 2019 6:01am
Quoting Tekkies
{quote} I do have loses. I don't make money consistently therefor I am not profitable. What I do everyday is to grow my account by xxx profit. Even 1 pip growth makes me grateful. It is one pip more then what I did not had in my account yesterday. What did you not understood. - I am not profitable The mindset of many here is when they read "I am a profitable trader" they lose all sense.
If you grow your account consistently (even if its just 1 positive Pip over X period), the result will be that you continously make a profit by the end of the day/week/month/year.

Which would then mean that you are a profitable trader.

Making money consistently == Growing your account cosistently = Your are a profitable trader.

Having losing trades, who cares? Having even more losing trades than winning trades, who cares? Large drawdown, who cares? If you make money by the end of X time you are by definition, profitable!

Simple as that.

Stick to your own forumīs signature Tekkies
  • #93,604
  • Jan 27, 2019 6:40am Jan 27, 2019 6:40am
Quoting kain775
This is a how to trade like Iddd Training chart [perhaps this is where he gets it from] Big E even says in that post " If you decide to trade this Simple Method I recommend you go to your local hardware store and buy a wheelbarrow to carry your pips to the bank." What a f**king joke? If You trade like the training chart tells you the only thing that wheelbarrow will be collecting is cobwebs! Perhaps Big E was a profitable trader [couldn't tell you tbh] But he certainly isn't a great teacher. When I came here fresh from babypips I learned absolutely...
Yes, agree. His training charts lead quickly to the conclusion that every tdi cross over signal could be traded with success. BigE might have been a profitable trader using the TDI the way he told in this topic but missed out teaching the real important stuff. However, as he is not around anymore it doesnīt make sense to fight about this.
  • #93,605
  • Jan 27, 2019 7:02am Jan 27, 2019 7:02am
Quoting stevepatt
I think most people are saying that you need something more reliable than a simple cross of the TDI to Enter a Trade! What I don't understand is why you would still need the TDI after you have found something more reliable to base your Entry on. I came to that conclusion, a long time ago, when I was reading Craig Harris Stochastics Method I could see that just taking Trades Based on the TDI Crossing was not going to be consistent in any way. I'm not trying to be a smart arse, when I say that, I know there are times when simply taking a Cross works...

I think there is some merit in it, but it is the last piece for me, a trigger to enter.


Incidentally, BigE seemed to trade it in a very specific way which may have got lost in the general debate over the merits of the signal - he acted on 2 specific candles (the 6AM and 10AM GMT) and took his position off at the end of the European session. If you analyse any period of time using that approach, you end up with a lot of small wins, say 10-20 pips and then some bigger runs; the losses can be small provided you act swiftly on any signs of a reversal (against your position).


Of course this isn't the way most people and most courses teach you to trade, they tell you to put a stop loss above/below the last pivot point and pick a R/R of at least 1:1.5. Most tell you to not move your stop. So comparing this approach to BigEs, you end up with less losses, but they are significantly bigger and your wins are based on subjective targets not what price action is telling you...and the majority of market moves are very short-lived.


BigE seemed to use a rule to get into a trade, after some very basic TA, but thereafter it was price action led. Over time I can see how he made money, but it isn't as clean as a set-and-forget algorithm, which everybody seems to be after these days. There is no easy money unfortunately.


tc

  • #93,606
  • Jan 27, 2019 7:25am Jan 27, 2019 7:25am
Quoting kain775
in december i finally started getting genesis to work on 5 minute timeframe. and i'm again using my pullback trick to get better RR. The good thing about the 5 minute timeframe is that i am able to get a reasonable amount of entries because I am spotting more setups.
What is genesis?
  • #93,607
  • Jan 27, 2019 7:35am Jan 27, 2019 7:35am
Quoting tc11
{quote}BigE seemed to use a rule to get into a trade, after some very basic TA, but thereafter it was price action led.
Who told you that?
Many negative post's would have not been placed if members understood what you wrote.
#647
1. Green cross Red
(Green angle 12/2 = buy, 2/4 no action, 4/6 sell)
- When wanting to enter a TDI trade...
2. Price Action
take a moment first to observe basic 4x things... like:
-How close am I to the previous high or lo
-Am I in an uptrend or downtrend.. short & long term...
-Am I in or close to a consolidation area
-Are the previous candles small...
-Look at the candles on the last reversal... big, little, what
-How does the momentum look right now (12-2, 4-6)
-Does Stoch's confirm the TDI signal (indicator)
add: Sup/Res level/zone/line.

Now TC the hard work start. You know now that the crossover is only the trigger. How well you understand those basic 4x things will determine your trading career.
  • #93,608
  • Jan 27, 2019 7:45am Jan 27, 2019 7:45am
Quoting onejester
{quote} But you openly admitted that you weren't profitable. Which is a statement of fact that you made and only you know. As a key poster on this forum, having made that statement, how can you expect anybody of sound mind to feel they can build a future for themselves with this. Where/how can you go back on admitting that? You are correct when you say 'who cares'. But, that in itself another contradiction. Because if you didn't care, why post on a subject that doesn't make you money or enrich you in some other way? https://www.google.com/search?q=what...obile&ie=UTF-8...

its HOW you use it. since i got around tdi my trading has improved lots and pip count DID explode. I dont use it standalone. but it IS my main indicator. Of course price action is important. indicators and price actions are not MUTUALLY EXCLUSIVE. if you combine both. Your odds get better. Confluence is the key for me. If price action agrees with tdi is good then. Any disagreement is a red flag. i dont know what u guys keep attacking each other trying to convince others your method is the best. Whatever makes you money man. Learning other stuff cant hurt you. The more informed you are the more chances you have. So stop underestimating others people input. take what it helps you and disregard the rest. trading CAN be simple once u find what works for you and stick to it. if you are constantly questioning yourself and your method with every input from trader that do things differently from you it will get you lost. try to aDD to your trading from other ppls comments if its seems a good idea. DOnt jump from one trade style to other, in order to tweak a system to better suit your style and risk appetite you have to give it time. understand it. so you can see its flaws and then look for something that will help you with those flaws and make minor adjustments. you see something you dont like, that gives you a headache, eliminate it from core system and keep at it.

thinking outside the box does NOT meam that what you think is right and other ppls ideas are worng just cause they stick to something. it doesnt mean you have to criticize everything other member says. thinking outside the box means giving ideas the chance to feed us and make us better. it doesn mean JUST to think differently. and certainly it doesnt mean you have to change your previous ideas. take what serves you. leave the rest.

you cant be open minded if the only thing yo do here is criticize other members. forums are supposed to be about ideas and sharing information . not about members. talking bout members and theirs style wont get you anywhere.

can it hurt to just post your ideas without even mentioning other members. or what is you purpose here?. cause if it s to tell ppl they are wrong or your system is best then you cant say you have and open mind. is more like tunnel vission
  • #93,609
  • Edited 8:29am Jan 27, 2019 8:18am | Edited 8:29am
Quoting Tekkies
You know now that the crossover is only the trigger. How well you understand those basic 4x things will determine your trading career.
Still the problem exists, that you will see many of these "triggers" on M15/H1 and even more on lower tfs, which would be "NO TRADES" if you check such setups against one or more of these "basic 4x things". And you do this only AFTER you received such signal.

I still question my self where the TDI is such "advantage/help" here? On lower time frames you get lots of false signals (so no help) on higher time frames you will still want to analyse these "basic 4x things" before making any trade decision (again no real help). Because even trading H4 or the Daily, Weekly, you cannot just blindly trust in a TDI cross over without making any further analyses, right?...

I wonder where the indicator really saves you time in some efficient pratical way you can then repeat with each new trading day like that?

Why donīt you simply wait instead for a pure price action setup (like a specific candle stick pattern) around such important zone (which you spotted and marked on the next higher time frame before).

Not only that you probably will get a much better entry price, you can even avoid waiting for such "cross over" to happen which will save you time again.
  • #93,610
  • Jan 27, 2019 8:34am Jan 27, 2019 8:34am
Quoting xpensive
HOW you use it. since i got around tdi my trading has improved lots and pip count DID explode. I dont use it standalone. but it IS my main indicator. Of course price action is important. indicators and price actions are not MUTUALLY EXCLUSIVE. if you combine both. Your odds get better. Confluence is the key for me.
All the indicators are based/calculated on past price action. So your statement is somehow contradictory

What you saying is actually if you combine, "price action + past calculated price action". Your odds get better.

Doesnīt makes sense or?...
  • #93,611
  • Jan 27, 2019 8:36am Jan 27, 2019 8:36am
Quoting lddd
{quote} Still the problem exists, that you will see many of these "triggers" on M15/H1 and even more on lower tfs, which would be "NO TRADES" if you check such setups against one or more of these "basic 4x things". And you do this only AFTER you received such signal. I still question my self where the TDI is such "advantage/help" here? On lower time frames you get lots of false signals (so no help) on higher time frames you will still want to analyse these "basic 4x things" before making any trade decision (again no real help). Because even trading...

you have more time in 4h for such analysis. and with practice such analysis becomes second nature and thus you can make it in a blink. i think and indicator is just a way to markup price action. if you memorize where tdi and stoch- or whatever indicator you have on - are at the time you see price action doing what you want it to catch it doing. whenever you see that again there is a chance result cant repeat itself. it helps you point stuff out. helps you recognize price action faster. of course it saves you time. if your pro you might dont need it. but it also dont hurt to have a VISUAL reminder.

i think the problem comes as mentioned before if you try to time the perfect entry. and get the whole of the move. and if you try to do both with single indicator. more of a problem. if instead of focusing in getting 100% of the move and being ultra precise, you rather focus on getting 100% of your trade and take indicator +price action as cue it makes it simple. if you trying to figure out perfection your never gonna find it
  • #93,612
  • Edited 10:32am Jan 27, 2019 8:50am | Edited 10:32am
i understand what your are looking for. that "something" you can do in a repeatable ( and scalable ) fashion, that gives your more winners than loosers - simple as that. . and how to develop a plan or discipline around it. i think maybe your trying to swallow the whole cake in a single bite. what i been doing is this: ( i wrote it down just for the purpose of drilling into my mind and so i can add and improve on it according to live forward testing i just keep adding or taking off notes till it feels more suitable ). i am new so many of the stuff might sound stupid. but i think this is what the aim is= ( finding that repetable, scalable but at the same time adjustable that can give you profits. tdi is the starting point 4 me


TMS 4h

HOURS OF TRADE: Look for setups at 6pm, 10pm, 2am. A setup occurs when PREVIOUS candle shows arrow/tms cross alert.
(this means a tdi cross happened and candle has closed).
... so for 10 pm entry setup is at 6
... for london open entry setup is at 10
... for 6am/ny open entry setup must start at london session ( this entry only goes for 1 4h bar )

If Tms cross ALERT and ARROW are present. look at checklist

-----------------------

:checklist:

- MUST -

GOOD angle (over/below 70/-70 on angleator)
stoch confirms direction
In favour of trend. ( osma tide in favour / same color 30ma ) ---


- BONUS-

good size candle
DIVERGENCE
currency strength confirmation
from round or s/r levels
above/below market base line
price action on lower and higher time frame agreeing

- extra especial -

from fib pivs 61/78/100 or more (counter treend)
with color change at 30ma back to its color. ( continuation trend after pullback) trade away from ma in direction of trend


-----------------------

:ACTION:

watch candle 2

if it shows movement in direction of arrow. = TAKE THE TRADE at CANDLE 2 OPENING. (first 1h bar down)

you can ONLY take trades on candle 1 (setup candle) when cross of 5ma es definitive. or extra special setups.

IF and ONCE a trade is taken go to MANAGE

-----------------------

:MANAGE:

SET STOP LOSS ABOVE/BELOW SETUP CANDLE once it closes.

SET TP to next FIB level, round number or S/R or 50%-70% ATR. whatever comes first. ( remember: we going for 100% of our trade NOT 100% of the move)


IF/ONCE this is done. Leave trade to be.


*if trade has not hit tp/sl when candle 2 close Go to MONITORING TASKS

-----------------------

:MONITORING TASKS:

at CLOSE of candle 2. (5-10 mim b4)

if second candle moved generously.
MOVE STOP LOSS TO TOP/BOTTOM CANDLE 2.and hold for one more candle. (as long as candles keep making HH/LL you can trail this way)

if second candle barely past our entry.but angle good. both red and green tdi pointing in favor.
KEEP STOP LOSS and HOLD.

if gone against trend ( color change ) . EXIT TRADE. minimize loss.
if gone against but prices has not crossed 5ma back and still same color.+ in direction of trend. HOLD


on candle 3 OPENING. (15 min after) LONDON OPEN if you entered at 6pm.

IF TDi flattens or hooks EXIT

IF price goes against you but angle of tdi is still good HOLD till close!

IF price goes against you and angle flattens or hooks but TDI separation is strong and in direction of trend. HOLD

IF price goes in favor and tdi angle is good. HOLD !!


on candle 3 CLOSE ( 15 min b4)

If price "near enough tp" EXIT.
if little profit. EXIT
IF NOT in profit. EXIT.
IF price failed to make HH/LL EXIT.
if candle size definetevly smaller. EXIT

after candle 3 close.

HOLD ONLY if TDI STILL STRONG and IN DIRECTION OF TREND and ADR HAS NOT BEEN EXCEEDED AND STILL HAS ROOM TO GO + YOU HAVE SECURED YOUR POSITION.

otherwise

All trades closed by 5:59 am. ( 1hr b4 NY open)

-- pros might think its pretty dumb way to put things.. but its helps me keep my head organized and focused. once i find a filter or rule that can be repeated - that keeps me away from loosers or confirms winners - i add it and then don't worry bout it. look to tune another aspect.

--- if the work is done. stop worrying and let the results worry bout themselves. let them be your guiding force and take all negative feedback to correct the course of your strategy. the path is right. and if you do your homework. results will manifest.

----- this notes are for me ---- its not an outline per se of what i do. but its something like that. work in progress ---- i am not trying to show a way of trading . but rather a way of thinking . i want this way of thinking to be burned in my mind. ( observing and reacting to stuff)
  • #93,613
  • Jan 27, 2019 8:51am Jan 27, 2019 8:51am
Quoting xpensive
{quote} you have more time in 4h for such analysis. and with practice such analysis becomes second nature and thus you can make it in a blink. i think and indicator is just a way to markup price action. if you memorize where tdi and stoch- or whatever indicator you have on - are at the time you see price action doing what you want it to catch it doing. whenever you see that again there is a chance result cant repeat itself. it helps you point stuff out. helps you recognize price action faster. of course it saves you time. if your pro you might dont...
Well what if you already learned to focus on price instead of the indicators window? You will train your eyes for such "setups/conditions" in pretty much the same way you would do while looking at the TDI window.

For me the TDI would only give some real benefits here if leaving out a lot of false signals on lower time frames in some automatic way or would be able to give high accurate results for nearly every cross over you get on a higher time frame.

Otherwise, you could easily spend the 4 hours you have (waiting for that H4 TDI cross over to happen..) looking at the raw price chart (if this is what you do anyways AFTER getting such cross over).
  • #93,614
  • Edited 9:22am Jan 27, 2019 9:06am | Edited 9:22am
Quoting lddd
{quote} All the indicators are based/calculated on past price action. So your statement is somehow contradictory What you saying is actually if you combine, "price action + past calculated price action". Your odds get better. Doesnīt makes sense or?...
ill put it this way. indicators in the "right position" is the mental picture of that i am looking for for a possible setups.

when i see this happening i look at price action.
simple.

if price actions is responding to my mental picture the way it did before when i got a nice trade ( time at which i looked at how indicators ad marked their position)
then odds are results can repeat themselves

indicators + look what price actions does or the other way around. who cares?
  • #93,615
  • Edited 9:25am Jan 27, 2019 9:06am | Edited 9:25am
Quoting lddd
{quote} Well what if you already learned to focus on price instead of the indicators window? You will train your eyes for such "setups/conditions" in pretty much the same way you would do while looking at the TDI window. For me the TDI would only give some real benefits here if leaving out a lot of false signals on lower time frames in some automatic way or would be able to give high accurate results for nearly every cross over you get on a higher time frame. Otherwise, you could easily spend the 4 hours you have (waiting for that H4 TDI cross over...

why not learn both ?

in regards false signals. thats is the flaw you detected on the tdi. incorporate something from price action or other indicator whatever works man to filter those out. you figure out the entry ( the tdi) now figure out the filters for those false signals. run trough them. what could you have seen that could have helped you NOT take the trade??? note it. apply it. runs it trough again. more false signals left. figure out a way for those. even if you miss some good trades cause nothing can be perfect. the thing here is figure out how to avoid those false entries. ( thats the homework ) after some polish your entry will be refined. now think about trade management. what signals can u take from price action and indicators that make you wanna hold the trade.. what other alerts you to an early exit. note that. do the job step by step.

visual cues are always helpful. they are like street signs. they will signal the turn even if u already learned its there. so that maybe when u are distracted you can get reminded.

if higher time frame filters out more false signals. then u must consider this filter. if you feel comfortable with. don't work for you? find something that works on your desired time frame. the faster the harder. but it don't mean it cant be done.

a simple average can help you filter some bad signals out, the time of day filters others out.. it seems to me like your trying to find some sort of shortcut where there are none. start with one rule don't complicate it. add as you go on. its like when u get into a bad trade. you always say fuck.. if i had done that or not had gone for that... well take note of that. then if you get a signal for entry but also see that thing you think its what made the other trade fail. don't enter. if indeed this kept you out of a bad trade then note it. and give the rule more strength. nothing is perfect. nothing is absolute so you got to be able to adjust. and don't go after yourself or your rules if they are wrong sometimes as long as they are right most time.
  • #93,616
  • Jan 27, 2019 9:27am Jan 27, 2019 9:27am
Quoting lddd
{quote} Still the problem exists, that you will see many of these "triggers" on M15/H1 and even more on lower tfs, which would be "NO TRADES" if you check such setups against one or more of these "basic 4x things". And you do this only AFTER you received such signal. I still question my self where the TDI is such "advantage/help" here? On lower time frames you get lots of false signals (so no help) on higher time frames you will still want to analyse these "basic 4x things" before making any trade decision (again no real help). Because even trading...
I don't think you do necessarily need TDI, if price action is providing a strong signal. Here is a trade I took in USDCHF fairly recently - there was a fairly straight forward price pattern here in a strong downtrend etc etc. However TDI hadn't yet given the cross; to me it didn't matter, if it was a strong setup regardless. I think it is up to the trader whether you want to rigorously follow a set of rules or allow yourself some discretion in the case where one or more positive factors weigh strongly against a single neutral to negative factor. I know where I am on that one ...

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  • #93,617
  • Jan 27, 2019 9:36am Jan 27, 2019 9:36am
Quoting xpensive
{quote} why not learn both ?
Yes. I also didnīt want to start a fight on indicator/non-indicator trading. I just asked my self where the benefits for the TDI on lower time frames would be if the real work is what you have to do anyways after every signal you get before making a trade.

And with H4, you should have enough time to make your manual analyse based on the price action you see on such chart. It needs 4 hours here to show a new candle, enough time to check for everything, so waiting 4 hours for some cross over to happen for some scenario you could not figure out in that time?
  • #93,618
  • Jan 27, 2019 9:53am Jan 27, 2019 9:53am
Quoting xpensive
{quote} why not learn both ? in regards false signals. thats is the flaw you detected on the tdi. incorporate something from price action or other indicator whatever works man to filter those out. you figure out the entry ( the tdi) now figure out the filters for those false signals. run trough them. what could you have seen that could have helped you NOT take the trade??? note it. apply it.
Hey xpensive, i asked for a better tdi indicator a couple of times in the past. One that would be able to filter out a lot of the headache by default. Either by some extra settings for it or a what ever, but without having to put another 5-10 indicators on my charts.

At the moment i am using the TDI indicator that can be found on post #25.

I already said i would like to have a TDI filtering out the following stuff (which is all technically possible to realize, i think)

- Show only buy/sell cross overs where tdi green angle is strong e.g 12-14, 16-18 clock angle.
- Show only buy/sell cross overs where the next higher time frame condition is within the same direction as on on trading chart. (so for e.g show only H1 buy cross over signals if H4 is bullish in an up trend)
- Show only buy/sell cross overs for my pre-defined trading time (london open - london close)
- Show only buy/sell cross overs respecting these 68/32 levels for overbought/oversold.

Maybe even further it would be possible to have a TDI indicator respecting major support and resistance zones (i am pretty sure support and resistance can be calculated in some automatic way as well). So i would not even have to check this manually again after each new cross over signal received.
  • #93,619
  • Edited 10:38am Jan 27, 2019 9:55am | Edited 10:38am
Quoting xpensive
{quote} its HOW you use it. since i got around tdi my trading has improved lots and pip count DID explode. I dont use it standalone. but it IS my main indicator. Of course price action is important. indicators and price actions are not MUTUALLY EXCLUSIVE. if you combine both. Your odds get better. Confluence is the key for me. If price action agrees with tdi is good then. Any disagreement is a red flag. i dont know what u guys keep attacking each other trying to convince others your method is the best. Whatever makes you money man. Learning other...
He said what he said, as far as I'm concerned that can't be undone.

If you guys want to read all this stuff working to 10 pips a week, experience a shit load of slippage, big stops and generally get in later than every one else this is the thread for you. Good luck.
'in less than half an hour he made over 100 ticks'
  • #93,620
  • Jan 27, 2019 9:58am Jan 27, 2019 9:58am
Quoting lddd
{quote} Yes. I also didnīt want to start a fight on indicator/non-indicator trading. I just asked my self where the benefits for the TDI on lower time frames would be if the real work is what you have to do anyways after every signal you get before making a trade. And with H4, you should have enough time to make your manual analyse based on the price action you see on such chart. It needs 4 hours here to show a new candle, enough time to check for everything, so waiting 4 hours for some cross over to happen for some scenario you could not figure...


dont wait for the crosses.
setup an alert.

. i found that sometimes we try to force setups where they are none. cause at some level thats what we want it to do.- so waiting on a chart for the cross to happen its not only boring but unpractical it can mislead you.

so, for me, i set up and alert and look at the chart only when the alert is produced. i then quickly evaluate it. first things first. is it against or in direction of trend? then i look at angle. then at stochs confirmation. see if price its in any special location in the trend ( rounds, strong s/r, pivots, back at moving average to reset trend?, overextended? ). if i see some of this elements line up nicely i take the trade otherwise i dont. and then i stop staring at it. if you are very aggressive you can check up on this to see if conditions have changed in your direction. ( ie angle got better, candle size nicer) otherwise you can check on it after 4h. if new setups (alarms) appear you evaluate those setups the same way against those conditions you deemed favorable or un favorable. and manage accordingly. it removes the stress if you only make decisions every 4h. you r gonna miss some pips in or out. but then its where you take what the market gives you and not try to force it. ....

it is even better to look at setups with fresh eyes.. i have found... that way when you see ONE that SCREAMS to you!! you go!!! if you have to try hard to find reasons for that trade.. better don't even take it.

take ONLY those that according to your filters and rules - you have made trough experience ( so you seen it happen) - work nicely!.
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