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Trading Made Simple

  • #96,061
  • May 30, 2019 1:32am May 30, 2019 1:32am
Quoting emmanuel7788
TDI Golden CROSS when Green crosses Red crosses Yellow and the 50-level..... sure make money. seeing is believing,... believe it, cannot be any simpler than this. {image}
Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation
  • #96,062
  • May 30, 2019 1:56am May 30, 2019 1:56am
Quoting Tekkies
{quote} Too much time is being spent on TDI and Stochastics, Too little time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run. You need to find your WINNING EDGE and the TDI is not in the winning edge equation
Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.

yes, yes Tekkies.
now you got the full complete in its entirety what I have been saying.
now look to the left of the current price action and see if you can spot the reisistance.

then next, look at the Synergy Pro TDI arrows for more add-on positions when the PA above the 5EMA and the Green cross Red is above the Yellow.
you will add positions and make more pips and more money.
that is the Synergy Pro Expert Advisor taking trades for you. it will ignore the cross down automatically according to user input parameter.
NOTE: the EA does not care about the angle 12-2 and 4-6. It checks the OHLC of the bar and compare the HA Open.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD May 30 M15 ProTDI cross 30-05-2019 14-46-32.png Size: 53 KB


now be patient, the next Green cross Red will happen soon and the EA will place another buy position and lock the positions which are in profits.

next, the psychology part of trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,063
  • May 30, 2019 2:02am May 30, 2019 2:02am
Quoting emmanuel7788
{quote} Too much time is being spent on TDI and Stochastics, Too little time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run. You need to find your WINNING EDGE and the TDI is not in the winning edge equation. yes, yes Tekkies. now you got the full complete in its entirety what I have been saying. now look to the left of the current price action and see if you can spot the reisistance. then next, look at the Synergy Pro TDI arrows...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD May 30 M15 ProTDI cross 30-05-2019 14-46-32.png Size: 53 KB


AUDUSD May 30 M15 TDI add-on buy position and lock all open buy positions in profit. 4 buy positions in profit locked.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD May 30 M15 new cross up add-on 30-05-2019 14-59-52.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,064
  • May 30, 2019 2:11am May 30, 2019 2:11am
Quoting Tekkies
{quote} Much to learn? Why? Am sure that after 6 years you have acquired the knowledge to be successful. Now you must "learn" to use that knowledge and you don't know how. Forex is not like a medical field or science where new discovery's are made at rapid space. Candles have been going up and down since they have been discovered why back in Japan. Now with Google search and almost all trading books you will notice that each of them are basically repeating what the other has said by using different words. You are also basically only seeing and reading...
Tekkies, I have develped my own system and I have used a lot of time on it as you have on your 1H15M system. I have learned a lot by working with it,
but I will never be satisfied because it is always room for improvment. Here at FF I often look at other systems with indicators and without indicators because
I like to learn new ways of trading and other peoples view about trading. I still also see new details in how the price moves: for example how the price breakout from wide ranges compare
to narrow ranges (this on 4H because that is my trading timeframe). I have also started to learn about instruments and market outside forex.
I do not read trading books but I have seen a lot of trading vidoes on youtube, but I think 90% of these vidoes was waste of time but some are good, for example
Mark Douglas - Trading Psychology.
But I have to admit, after 6 years, it can go days without learning something new about technical trading.
Some examples of things I can improve/learn more about: 1. When to stay out of the market: I should completly skip days the price moment is small 2. Trading psychology: I find it difficult to handle drawdowns
  • #96,065
  • May 30, 2019 2:13am May 30, 2019 2:13am
DE30 May 30 H4 LO

H4 setup looks good and PA bounce off major support seen on monthly.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 30 H4 LO looks good 30-05-2019 15-11-12.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,066
  • May 30, 2019 2:27am May 30, 2019 2:27am
Quoting kirinda
{quote} Tekkies, I have develped my own system and I have used a lot of time on it as you have on your 1H15M system. I have learned a lot by working with it, but I will never be satisfied because it is always room for improvment. Here at FF I often look at other systems with indicators and without indicators because I like to learn new ways of trading and other peoples view about trading. I still also see new details in how the price moves: for example how the price breakout from wide ranges compare to narrow ranges (this on 4H because that is my...

checkout this book by Dr Brett Steenbarger
I used that as my daily coach years ago and still have that book on my shelf and still refer to it from time to time.

Attached Image (click to enlarge)
Click to Enlarge Name: Steenbarger 101 Daily Coach.png Size: 264 KB


when you say drawdown, do you mean open positions in floating losses? or closed positions in losses?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,067
  • May 30, 2019 2:36am May 30, 2019 2:36am
Quoting elemmanul7788
{quote} checkout this book by Dr Brett Steenbarger I used that as my daily coach years ago and still have that book on my shelf and still refer to it from time to time. {image} when you say drawdown, do you mean open positions in floating losses? or closed positions in losses?
Thanks for the tip
  • #96,068
  • May 30, 2019 2:54am May 30, 2019 2:54am
Quoting emmanuel7788
{quote} checkout this book by Dr Brett Steenbarger I used that as my daily coach years ago and still have that book on my shelf and still refer to it from time to time. {image} when you say drawdown, do you mean open positions in floating losses? or closed positions in losses?
Emmanuel, I always use stop loss. It's more about that I feel bad when I got for example 6 losses in a row. I only stop trading for a while, but I should continue to trade because it's normal to have draw-down. So I do not do any stupid things but I shouldn't care abot drawdowns, but I'm not there yet.
  • #96,069
  • May 30, 2019 3:31am May 30, 2019 3:31am
Quoting emmanuel7788
{quote} Too much time is being spent on TDI and Stochastics, Too little time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run. You need to find your WINNING EDGE and the TDI is not in the winning edge equation. yes, yes Tekkies. now you got the full complete in its entirety what I have been saying. now look to the left of the current price action and see if you can spot the reisistance. then next, look at the Synergy Pro TDI arrows...
One post you praise TDI, next post you stub TDI in the back.
Either you are for TDI or against TDI, conflicting posts does not benefit members and readers alike.
- TDI is not in the winning edge equation
Trader removes TDI from chart
- TDI Golden Cross
Trader place TDI on chart
-----
Based on your posts the trader will not be able to trade, he will spend most of his time placing / removing TDI.
  • #96,070
  • May 30, 2019 3:52am May 30, 2019 3:52am
Quoting kirinda
{quote}I got for example 6 losses in a row.
There is your problem.
feel bad, can't stand draw down is not the problem, neither stop trading will solve the problem
-----
Why did you suffer "example 6" losses.
You need to examine why those loses occurred in the first place.
The rules, method / system you follow has a flaw somewhere in them.
-----
Now when you "stop trading", what are you doing with that time?
- feel sorry for yourself
- find the problem where you made the mistake in the first place, tweaking the rules to prevent them from happening again.
  • #96,071
  • May 30, 2019 4:06am May 30, 2019 4:06am
Quoting emmanuel7788
{quote} checkout this book by Dr Brett Steenbarger I used that as my daily coach years ago and still have that book on my shelf and still refer to it from time to time. {image} when you say drawdown, do you mean open positions in floating losses? or closed positions in losses?
Hi Emmanuel,
Just like Kỉrinda, I'm feel bad when in drawdown and find it hard to control my emotion. When I stuck in more than 5% drawdown, I can't pull trigger on any orders. I lost my confidence.
(1) My target growth rate is 5% per month. With this target, is it okay to suffer maximum drawdown of 10%?
(2) Could you please share your experience on maintain drawdown and reduce drawdown in live trading?
This May 2019, I achieved 8.3% growth with 6.1% drawdown. I'm still feel so sad with this drawdown number and want to improve.
Thank you
  • #96,072
  • Edited 4:19am May 30, 2019 4:08am | Edited 4:19am
Quoting Tekkies
{quote} One post you praise TDI, next post you stub TDI in the back. Either you are for TDI or against TDI, conflicting posts does not benefit members and readers alike. - TDI is not in the winning edge equation Trader removes TDI from chart - TDI Golden Cross Trader place TDI on chart ----- Based on your posts the trader will not be able to trade, he will spend most of his time placing / removing TDI.

@Tekkies

You are still missing the point.
You are reacting every time the three letters word TDI is mentioned.
Your also react every time the lagging indicator being mentioned.
You must read the context of the topics and the discussion.
Maybe you feel being attacked because you are a very strong believer in the use of the TDI and its angle 12-2 and 4-6.
The OP was also a strong believer in the use of the Stochastics but he went on and added the TDI after he learn it from CompassFX. He basically place more importance on the use of TDI which was his new discovery in 2009 but he applied the same principles how the Stochastics was used earlier to pick the price momentum using the clock face angle 12-2 and 4-6 applied to the Stochastics by Craig Harris.

We do not need to use the TDI for reversal entries #1 and #2. That's too aggressive adnd many traders lose money becasue of this being too aggressive. The original use of the HA Price Action with the 5EMA is conservative and that still work and the OP confirmed that. So there is nothing wrong to use the original setup HA candles with the 5EMA and no longer need to be so strict with the TDI angle 12-2 and 4-6 rule. Be open minded and be flexible. After all we are here to learn to trade and to make some money. The TDI can be used on semi-automation for trade management decision without the trader being tied to the trading screen.

Spend more time on risk management, money management, on how to cut-losses short and how to let profit run.
Spend more time on trading psychology topics.

that is why I kept saying read this below in its entirety:

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.

You will find the way after few more years when you can achieve consistent trading results. You are in your 4th year now. You will then realised that the TDI is not that all important in your entries. The other two components of successful tradins is still in money manager and in trading psychology

There is no point in arguing anymore. Results will show and speak louder. It is up to you now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,073
  • May 30, 2019 4:18am May 30, 2019 4:18am
Quoting Tekkies
{quote} Too much time is being spent on TDI and Stochastics, Too little time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run. You need to find your WINNING EDGE and the TDI is not in the winning edge equation
Quoting Tekkies
{quote} One post you praise TDI, next post you stub TDI in the back. Either you are for TDI or against TDI, conflicting posts does not benefit members and readers alike. - TDI is not in the winning edge equation Trader removes TDI from chart - TDI Golden Cross Trader place TDI on chart ----- Based on your posts the trader will not be able to trade, he will spend most of his time placing / removing TDI.
@Tekkies

with Synergy Pro TDI, we have 6 open buy positions and now under threat by the PA.

Positions 1,2 ,3 an4 are in profits. 5 and 6 is floating losses.
Position 1,2,3 and 4 have profits locked.

If PA close in the support zone, we cut losses and close all positions and take some profits.
All these tasks are handle by an EA.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD may 30 M15 exit strategy 30-05-2019 17-11-17.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,074
  • May 30, 2019 5:52am May 30, 2019 5:52am
Quoting emmanuel7788
{quote} {quote} @Tekkies with Synergy Pro TDI, we have 6 open buy positions and now under threat by the PA. Positions 1,2 ,3 an4 are in profits. 5 and 6 is floating losses. Position 1,2,3 and 4 have profits locked. If PA close in the support zone, we cut losses and close all positions and take some profits. All these tasks are handle by an EA. {image}
Now wonder you hate TDI Emmanuel.
Why place 5,6 when:
- market is ranging
- Stoch does not confirm direction
- Wicks are long at the top
- TDI green is moving away from level 68
- Against Resistance (draw a line below pienk AUDUSD)
What is H1 showing you concerning 5,6?
  • #96,075
  • May 30, 2019 6:10am May 30, 2019 6:10am
Quoting Tekkies
{quote} Now wonder you hate TDI Emmanuel. Why place 5,6 when: - market is ranging - Stoch does not confirm direction - Wicks are long at the top - TDI green is moving away from level 68 - Against Resistance (draw a line below pienk AUDUSD) What is H1 showing you concerning 5,6?

@Tekkies

hindsight is 20:20.

correction: I don't hate the TDI. I love it because it is a form of technical study which compares price momentum of different periods. I love its predecessor the Fozzy RSI. I use that for semi automation with expert advisor trade manager.

this post simply shows that you only look at the TDI and Stochastics and still have not read nor understood my post in its entirety.
you should go to synergy pro website and watch all their video tutorial how traders trade.

it is just like your post yesterday using google search keyword 'angle'and led you to Raghee Horner pdf where she use clock angle on her price chart with her 34EMA wave analysis. You as usual jump to wrong conclusion that she was referring to TDI clock angle. That made many of us laugh till tears in our eyes.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies post 95993 stupidity 28-05-2019 13-02-58.png Size: 381 KB


Also see Post#96,031

https://www.forexfactory.com/showthr...0#post12297850
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,076
  • May 30, 2019 6:15am May 30, 2019 6:15am
Quoting Tekkies
{quote} Now wonder you hate TDI Emmanuel. Why place 5,6 when: - market is ranging - Stoch does not confirm direction - Wicks are long at the top - TDI green is moving away from level 68 - Against Resistance (draw a line below pienk AUDUSD) What is H1 showing you concerning 5,6?

@Tekkies


DE30 May 30

here H4 PA price pullback very strong. Lagging TDI hooks over.
Look at H1, PA action reversal candle Post#261 and both Stoch and TDI cross ... aka same signal.

Sell order following D1 trend.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 May 30 H4 1900 30-05-2019 19-11-19.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,077
  • May 30, 2019 6:43am May 30, 2019 6:43am
Quoting Tekkies
Based on your posts the trader will not be able to trade, he will spend most of his time placing / removing TDI.
  • #96,078
  • May 30, 2019 6:52am May 30, 2019 6:52am
Quoting juantrader
" Shit, that means I must stop posting M15H1. I think my time is up here anyway. Got what I wanted and the credit goes all to BigE and his simple way of explaining how to use TDI with his posting." Tekkies, I really believe that you have a very firm method to operate, it is very interesting to see your advice and learn from your explanations and graphics, and I really would not like that you leave the chat, but I still think that you can continue to help others and implement new ideas,...
Do you know how much time it takes to type a complete detail of a TDI set up?
- Video
What I see as an setup you will see a No+no. Example: look at emmanuel's entry's 5,6 and how I see that same chart.
- Explain graphs please
- Don't use stop loss or take profit.
Stop loss >. Before price take a stop loss you should have closed that trade a long time ago.
Take profit > How many times have you place a TP only to see price move far beyond TP. Don't limit the trade potential profit with a TP.
Yes, if you can not be at the terminal use them.
- Set Stop loss to break-even, Set take profit to trail from TP level.
- show why you should or should not enter a trade
Will try
  • #96,079
  • May 30, 2019 7:01am May 30, 2019 7:01am
Quoting Tekkies
{quote} Do you know how much time it takes to type a complete detail of a TDI set up? - Video What I see as an setup you will see a No+no. Example: look at emmanuel's entry's 5,6 and how I see that same chart. - Explain graphs please - Don't use stop loss or take profit. Stop loss >. Before price take a stop loss you should have closed that trade a long time ago. Take profit > How many times have you place a TP only to see price move far beyond TP. Don't limit the trade potential profit with a TP. Yes, if you can not be at the terminal use them....
Poor Tekkies still thinking of trading manually in this automated trading world.

those trades 1,2,3,4,5, and 5 are all placed by Synergy Pro Expert Advisor and managed by the expert advisor.

The trader do not need to do anything after he input the trading parameters in the EA.

This gives the trader plenty of time during the day to do other things rather than staring at his computer. No more need to check TDI clock angle visually. The TDI angle is set in degrees calculated using the RSI of price Open,High,Low and Close OHLC data and analyse with the HA candle Open. Stop being silly looking at green line and imagine the clock time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,080
  • May 30, 2019 7:03am May 30, 2019 7:03am
Quoting lddd
{quote}

the Op Big E has a fast short-cut for doing this without ever touching the indicators in the sub-windows.

read his old thread and you will learn that short cut.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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