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Trading Made Simple

  • #93,961
  • Feb 11, 2019 6:34am Feb 11, 2019 6:34am
@emmanuel7788

as your suggestion i am already using multi mt4 on my PC i have one demo account for H4 charts one Demo and One real account for Daily Charts and as your suggestion i have clean my live account MT4 on live account i am using DAily charts and one demo account i am using for weakly charts so total i have 4 mt4 in my PC
Trading is about paying attention. Davit
  • #93,962
  • Feb 11, 2019 10:03pm Feb 11, 2019 10:03pm
Quoting emmanuel7788
{quote} Of course we can post charts showing Japanese candlesticks with a TDI to show the TDI angle etc. Those TDI angle will show when price make lower lower and lower Close. But your recent two sell trades entries were placed using Renko bricks. the earlier sell trades , there were no TDI cross down. {image} {image}
Next time you post DE30 chart's. Put some LIVE MANUEL entered order's.
Walk the talk Emmanuel.
  • #93,963
  • Feb 11, 2019 11:48pm Feb 11, 2019 11:48pm
Take what the market is willing to give.
Follow the rules of the method in use.
- Don't try and find the perfect set up every time.
- When M15 TDI green angle is above 2 / below 4 and is about to crossover look at H1 TDI angle, wait for confirmation.
- When M15 TDI green angle is above 1 / below 5 and is about to crossover take the trade, H1 TDI angle must confirmation direction.
- When in profit move SL to break even plus spread.
- When price start to move against entry before SL is set to BE get out.
- Price move / turn around and move in original direction re-entry. (same setup must still be intact)
Attached Image (click to enlarge)
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  • #93,964
  • Feb 12, 2019 5:36am Feb 12, 2019 5:36am
Quoting Tekkies
{quote} Next time you post DE30 chart's. Put some LIVE MANUEL entered order's. Walk the talk Emmanuel.
@Tekkies,

be patient, very very patient ....
like in this thread: https://www.forexfactory.com/showthr...0#post11834080
Wait for it.

No need to me to post my trades live here. This is not a live trading room and I do not make trade calls here. I prefer to post my chart with my analysis and if members are interested, they can participate and discuss. It is up to the members to make their own trade decisions.

I already made my trade plan since Week 06 Feb 06 that I will only buy. It is obvious as the price action is above the 5EMA and I trade with MEME.

See my post #93,909.
https://www.forexfactory.com/showthr...9#post11967749

and I posted my charts live and shared my thoughts:

Why I don't sell this week:
https://www.forexfactory.com/showthr...3#post11987533

because it is against the H4.
It is very clear the H4 price action is above the 5EMA and we see there is consolidation so we can trade the breakout.

I posted the M15 TMS reversal candle setup. See this post:

https://www.forexfactory.com/showthr...2#post11987652

and also view using Renko chart comparison.

We know from your charts that you are not trading TMS 5-Method.

Good luck!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,965
  • Feb 12, 2019 5:51am Feb 12, 2019 5:51am
Quoting Tekkies
Take what the market is willing to give. Follow the rules of the method in use. - Don't try and find the perfect set up every time. - When M15 TDI green angle is above 2 / below 4 and is about to crossover look at H1 TDI angle, wait for confirmation. - When M15 TDI green angle is above 1 / below 5 and is about to crossover take the trade, H1 TDI angle must confirmation direction. - When in profit move SL to break even plus spread. - When price start to move against entry before SL is set to BE get out. - Price move / turn around and move in original...

Very obvious that your trade entry is not according to basic TMS 5-Method.
There are no reversal candle in both M15 and H1 charts.
Always look at the last reversal, are the candle big, small, or what? (Post#647)

And when there is a reversal candle, both the Stochastics and the TDI must show the same signal.(Post#261)
What is the signal? The Stochastics is not just for direction, the signal comes before the direction.
Read and study the old thread and you will find many examples.

Quoting eelfranz
Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post 93963 chart 12-02-2019 16-13-52.png Size: 212 KB


Renko chart gives a lot of false reversal trade entries.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,966
  • Feb 12, 2019 5:56am Feb 12, 2019 5:56am
DE30 Week 07 Feb 12 H4 Master Candle CONSOLIDATION breakout today

Waiting patiently for a good move today. Took some profits from an earlier MEME basket and made a re-entry.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 12 H4 re-entry LO.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,967
  • Feb 12, 2019 8:08am Feb 12, 2019 8:08am
Emm, what kind of leverage do you use on a daily basis?
It's not over, until I win.
  • #93,968
  • Feb 12, 2019 12:04pm Feb 12, 2019 12:04pm
Quoting emmanuel7788
DE30 Feb 06 Trade Plan Looking at Weekly at the start of this week 06 Feb 04 to Feb 08, Both Price Bar chart and APB/HA candles PA are above the 5EMA using the MACD(2,13,7) to replicate the TDI, it shows MACD cross its signal line and the histogram are above 0.0 level. {image} Every new trading day, I look at Daily same template, Both the price Bars and APB/HA candles are above the 5EMA... using the MACD(2,13,7) to replicate the TDI, it shows MACD cross its signal line and the histogram are above 0.0 level. {image} Note that the MACD lines and histogram...
How to make such a template on MT5? Thank you.
  • #93,969
  • Feb 12, 2019 2:35pm Feb 12, 2019 2:35pm
Quoting faktmany
{quote} How to make such a template on MT5? Thank you.

which MT5 chart template would you prefer?

#1
Attached Image (click to enlarge)
Click to Enlarge Name: MT5 TMS MACD.png Size: 19 KB


#2
Attached Image (click to enlarge)
Click to Enlarge Name: MT5 TMS MACD TDI Cloud.png Size: 20 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,970
  • Feb 12, 2019 6:51pm Feb 12, 2019 6:51pm
DE30 Feb 13 Tokyo 0945

We have another breakout of the H4 consolidation.
Basic TMS 5-method rule: Buy when the PA is above its 5EMA,Typical Price , Shift+3. And the APB/HA candles must be bullish.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Feb 14 H4 breakout Tokyo 0845 13-02-2019 08-42-59.png Size: 82 KB


If price continues bullish until Frankfurt Open, be careful during London Session of any short term corrections.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,971
  • Feb 12, 2019 6:53pm Feb 12, 2019 6:53pm
Quoting ItaTrader93
Emm, what kind of leverage do you use on a daily basis?

Hi,

If you are referring to broker's leverage, then I have several brokers - 1:200, 1:100, 1:50 and 1:25.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,972
  • Feb 12, 2019 6:59pm Feb 12, 2019 6:59pm
DE30 Price Action, APB/HA and Renko chart

Do Not assume it is reversal simply by looking at Renko chart.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 price action compare w Renko 13-02-2019 08-54-53.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,973
  • Feb 13, 2019 4:16am Feb 13, 2019 4:16am
DE30 Feb 13 London Session

the price action is a Bearish Engulfing Bar / Bearish Outside Bar BEEB/BEOB at a resistance level,

both the Stochastics and the TDI shows a same signal.



Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 07 Feb 13 H4 PA BEEB BEOB 13-02-2019 18-09-02.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,974
  • Edited 6:33am Feb 13, 2019 4:30am | Edited 6:33am
Em This template and metrics
Attached Image
  • #93,975
  • Feb 13, 2019 10:30am Feb 13, 2019 10:30am
Hello!
decided to share my inputs. There are a lot of mistakes, but I just started analyzing with your method and try not to skip orders, the input is filtered by the force of tearing off the green line from the red> 4 by TDA, right? TMA for visualization only. I do not fully understand how to work correctly with stop losses. I will be glad if you specify errors.

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  • #93,976
  • Feb 13, 2019 5:06pm Feb 13, 2019 5:06pm
Quoting Dimkin
Hello! decided to share my inputs. There are a lot of mistakes, but I just started analyzing with your method and try not to skip orders, the input is filtered by the force of tearing off the green line from the red> 4 by TDA, right? TMA for visualization only. I do not fully understand how to work correctly with stop losses. I will be glad if you specify errors. {image}{image}{image}{image}{image}{image}{image}{image}{image}{image}
TMA for visualization only. I do not fully understand how to work correctly with stop losses. I will be glad if you specify errors.

If you are using TMA, why not consider using Starc Band instead as one of your tools to develop your system using TMS 5-Method as your core trading methodology?
Some members did that using Starc Band years ago. Search this thread and you will find some old posts and discussions on Starc Band.

https://www.investopedia.com/terms/s/starc.asp

And for stop loss placement, use the market Volatility ATR or ADR as basis to determine your trade stop loss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,977
  • Feb 13, 2019 5:17pm Feb 13, 2019 5:17pm
Quoting faktmany
Em This template and metrics {image}
You can use the MT5 platform' standard MACD .
Change the setting to (2,13,7) to replicate the TDI.

The MACD Histogram replicates the TDI Green line.
Look for the price action setups when the MACD histogram is above or below the 0-level.

Attached Image (click to enlarge)
Click to Enlarge Name: MT5 MACD TDI.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,978
  • Feb 13, 2019 5:19pm Feb 13, 2019 5:19pm
Quoting emmanuel7788
DE30 Feb 13 London Session the price action is a Bearish Engulfing Bar / Bearish Outside Bar BEEB/BEOB at a resistance level, both the Stochastics and the TDI shows a same signal. {image}
That H4 reversal candle did not run into profit.
The next H4 bar/candle changed the direction back to follow D1 and W1.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 07 Feb 13 NYO reversed the setup.png Size: 68 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,979
  • Feb 13, 2019 5:26pm Feb 13, 2019 5:26pm
DE30 Week 07 Feb 14 Sydney / Tokyo market sessions

We have a H4 Double Inside Bar DIB as the price action.
This can be the next opportunity to trade the DIB breakout but remember my bias is to follow the Daily and Weekly.

As usual pay attention how this trade during the Asian morning session and then be careful during the Frankfurt Open FO and the London session.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 07 Feb 14 Sydney Open 0720.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #93,980
  • Feb 14, 2019 2:07am Feb 14, 2019 2:07am
Quoting emmanuel7788
DE30 Week 07 Feb 14 Sydney / Tokyo market sessions We have a H4 Double Inside Bar DIB as the price action. This can be the next opportunity to trade the DIB breakout but remember my bias is to follow the Daily and Weekly. As usual pay attention how this trade during the Asian morning session and then be careful during the Frankfurt Open FO and the London session. {image}

Who was so patient and caught that H4 DIB breakout?

one of my favourite intraday is the TOK_5H breakout...
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 07 Feb 14 TOK_5H breakout.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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