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Trading Made Simple

  • #96,681
  • Jun 16, 2019 7:19pm Jun 16, 2019 7:19pm
Quoting JKLee
{quote} No no no, please. It's the only reason that I visit FF everyday. Let it go...
look for price gaps ... in certain pairs
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,682
  • Jun 16, 2019 9:12pm Jun 16, 2019 9:12pm
Quoting lddd
{quote} Yes it is.

do we have a solution to this repainting shit?

stay tuned ... for more when that empty vessel sounds again.... echo chamber will resonate.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,683
  • Jun 16, 2019 11:48pm Jun 16, 2019 11:48pm
Quoting emmanuel7788
{quote} Hi bodal so you like more posts with TDI, Average Price Bars, etc ... would mean include 5EMA, Typical Price Shit+3, Stochastics (8,3,3,)? Am I correct? What about MACD(2,13,7) with MTF function to replicate the TDI and also to help traders in:- 1) see the short term trend and long term trend as in Post#647 and 2) to take a trade entry with candle#1 and#2 (Post#261) and also possible...
"so you like more posts with TDI, Average Price Bars, etc ... would mean include 5EMA, Typical Price Shit+3, Stochastics (8,3,3,)? Am I correct?"

Yes you are absolutely correct ! (even I am no more using Stochastic )
+ all thinks that you want in regards with these matters but that's all !
Along the years , I learned a lot of things with yours very interesting and pedagigic posts but now I am fed up witn this endless ans stupid quarrel with Tekkies and some others .
I am on the verge of quitting reading this thread !
  • #96,684
  • Jun 17, 2019 12:27am Jun 17, 2019 12:27am
Quoting bodal
{quote} "so you like more posts with TDI, Average Price Bars, etc ... would mean include 5EMA, Typical Price Shit+3, Stochastics (8,3,3,)? Am I correct?" Yes you are absolutely correct ! (even I am no more using Stochastic ) + all thinks that you want in regards with these matters but that's all ! Along the years , I learned a lot of things with yours very interesting and pedagigic posts but now I am fed up witn this endless ans stupid quarrel with Tekkies and some others . I am on the verge of quitting reading this thread !
Hi Bodal

whatever you do going forward from here and now,

DO NOT give up the Stochastics. It is what Big E used in 2009 and 2010 which help him pick the best trade setups. You need to observe the chart price behaviour and to see the market conditions and know these:-

(1) when the Stochastics (8,3,3) will confirm the TDI _post#25(2,13,0,7) default setting, and
(2) when the same TDI is use to confirm the Stochastics... (its the other way around)
(3) when the Stochastics is use to look at direction only (what direction was Big E saying?)

study the Stochastics at the website I posted above.

once you discover these 3 market type conditions, you will make it to trade the same way how Big E traded both reversal setups and the bounce setups. There is really no secrets. It is knowledge first, then having to the discipline to trade the best setups and apply your money management and how you manage your trading psychology/ emotions, frear, greed, etc.

next thing is your Money Management strategy. What is your Money management strategy to grow an account?

You need to have a business plan. I have my business plan PlanIX_2018-2020 to grow an account of $50K to $400K. This in going on into my 2nd year and I am on target.... have not a losing month since I started in 2018. If I have to cut-loss any time one month, I lose only 5% maximum of my current year-to-date balance... that is my safety-valve now. I will survive till end 2020 with no fear and I don't need to be greedy now.

No time for fear and no need for greed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,685
  • Jun 17, 2019 12:52am Jun 17, 2019 12:52am
Quoting emmanuel7788
HK50 Jun 17 good candidate to make some money also my broker extended trading - 2 hours {image} Quick glance at PA then the TDI... Exception: If it's 6am I just close all 4hr trades and go to 1hr charts....

Hong Kong markets rally this morning trading ... on news but it will be short term ... just a pause, the next big news is in the making.... how many days will it take for both Green and Red to cross again?
Attached Image (click to enlarge)
Click to Enlarge Name: HK50 Jun 17 mid day 17-06-2019 13-45-46.png Size: 149 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,686
  • Jun 17, 2019 2:23am Jun 17, 2019 2:23am
DE30 Jun 17 M15 H1 and H4

What is the market condition like?

Do you trade buy or sell if you are a M15 trader? lots of TDI green cross red on M15... and what how the Stoch(8,3,3)?

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Jun 17 M15 H1 H4 LO hour 17-06-2019 15-16-20.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,687
  • Jun 17, 2019 3:22am Jun 17, 2019 3:22am
Quoting Tekkies
{quote} You don't post must chart's Jumper. When you do they are gem's. Nice clean, no clutter like some of the chart's posted. ---- Of course, Echo Chamber had to respond to your post.

Thanks, I'm glad you like them. I wasn't going to post more, but I'll post this one, and I'm also in a GJ sell that looks like it's going to kick me out at BE, so I'll post that one too.....just to show that we can't win them all!!

Not surprised that he felt compelled to post....I didn't read it as I'm sure it has no merit.

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Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,688
  • Jun 17, 2019 3:27am Jun 17, 2019 3:27am
Quoting Botan626
{quote} Hello, rj! I think my 2 questions won't reveal much of your trading system, so I will give it a try. It's clear that you use one of the HA smoothed indicators, but which one exactly, and with what settings? Re Stochs. Still using 11,3,3 settings or different now?

Hi there....I can tell you that I'm using the HA Smoothed candles that come with the MT4 as default, and the settings are as per the screenshot below. I'm going to keep the stoch settings to myself though, but if you're not afraid to branch out and try new settings, you'll find something that you can work with.

Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,689
  • Jun 17, 2019 3:29am Jun 17, 2019 3:29am
Quoting realjumper
{quote} Thanks, I'm glad you like them. I wasn't going to post more, but I'll post this one, and I'm also in a GJ sell that looks like it's going to kick me out at BE, so I'll post that one too.....just to show that we can't win them all!! Not surprised that he felt compelled to post....I didn't read it as I'm sure it has no merit. {image}

There we go...GJ kicked me out....

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Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,690
  • Jun 17, 2019 3:42am Jun 17, 2019 3:42am
Hello fellow traders

i am using 3 indicators to analyze the chart. My analysis are based on Elliott waves and Bill Williams trading chaos

Here below my analysis for the start of the week

Let me know what you think

Inserted Video


Cheers

Happy trading

Erik
  • #96,691
  • Jun 17, 2019 3:45am Jun 17, 2019 3:45am
Quoting realjumper
{quote} Hi there....I can tell you that I'm using the HA Smoothed candles that come with the MT4 as default, and the settings are as per the screenshot below. I'm going to keep the stoch settings to myself though, but if you're not afraid to branch out and try new settings, you'll find something that you can work with. {image}
Thank you, rj.
  • #96,692
  • Jun 17, 2019 4:49am Jun 17, 2019 4:49am
Hey guys, I'm using MT4 android platform and I need help with simulating my TDI indicator?
  • #96,693
  • Jun 17, 2019 4:57am Jun 17, 2019 4:57am
Quoting emmanuel7788
DE30 Jun 17 M15 H1 and H4 What is the market condition like? Do you trade buy or sell if you are a M15 trader? lots of TDI green cross red on M15... and what how the Stoch(8,3,3)? {image}
No buy and no sell, condition = sucks. Also important news coming soon, big investors all waiting therefor market is sideways in a small pips up and down.
  • #96,694
  • Jun 17, 2019 8:02am Jun 17, 2019 8:02am
Quoting emmanuel0000
DE30 Jun 17 M15 H1 and H4 What is the market condition like? Do you trade buy or sell if you are a M15 trader? lots of TDI green cross red on M15... and what how the Stoch(8,3,3)? {image}
Lol, so much questions from the helpless million trader with the mt4 backtesting every day. Maybe you should quit your demotrading. Realy, after 30 years in the market you are not able to identify a market condition.
Newbies be warned of emmanuel7788. Hes not true.
  • #96,695
  • Jun 17, 2019 8:25am Jun 17, 2019 8:25am
Hi guys,
I just found a video of monty hall problem, it's very easy to understand: https://www.khanacademy.org/math/pre...y-hall-problem
I just link the monty hall theory to wide stoploss style and I got some nice ideas about Probability & Mathematical Statistics and trading. Let' view the clip, you will find it very interesting.
Best regards,
  • #96,696
  • Jun 17, 2019 7:45pm Jun 17, 2019 7:45pm
Quoting Malony
{quote} Lol, so much questions from the helpless million trader with the mt4 backtesting every day. Maybe you should quit your demotrading. Realy, after 30 years in the market you are not able to identify a market condition.
hey Malony

How's life going in Denmark? How is the summer weather? Have you been to Elsinore yet?

Time flies, it is almost one year since you moved to Denmark. Are you settled there or are you planning to move again?

Sorry, so many questions....

There are pros and cons to back-testing. Back-testing has many limitations. I will post some materials on back-testing this week.

I quit demo trading many years ago following Big E advice in his Post#696. When I have a new strategy to test, I would either use a $500 or $5,000 or $10,000 real account. I started testing my new TMS EVO money management strategy in Jan 2018 and posted that in your buddy MoneyZilla' thread.
You can go there and see the live trading results 2018. TMS EVO made 57.9% in one year...LIVE ...

https://www.forexfactory.com/showthr...0#post11834080

Market Type to trade Big E' TMS 5-Method:
Attached Image (click to enlarge)
Click to Enlarge Name: Market Type for TMS.png Size: 190 KB


You would need to use the First Key.... link,
https://www.axitrader.com/au/market-...x-market-types



have nice day!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,697
  • Edited 8:06pm Jun 17, 2019 7:52pm | Edited 8:06pm
Quoting hikaru259
Hi guys, I just found a video of monty hall problem, it's very easy to understand: https://www.khanacademy.org/math/pre...y-hall-problem I just link the monty hall theory to wide stoploss style and I got some nice ideas about Probability & Mathematical Statistics and trading. Let' view the clip, you will find it very interesting. Best regards,

that's a popular game show ...

how to apply that in trading forex ... have you been to Mingary's thread?

opening a 'new door' requires certain market conditions to exist ... etc. , etc. , etc.

using martingale will inevitably end the game.

holding on to floating-loss trades for more than 2 weeks without updating to the changed market type conditions will also inevitably end the game.

reason why I have my 20-days trading cycle. It is like going to a casino once every 20 days.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,698
  • Jun 17, 2019 7:58pm Jun 17, 2019 7:58pm
DE30 June 17 study - Compare the TDI versions ... M15 H1 and H4

also study the Stocahstics (8,3,3) ... how it cycles in the M15 price conditions.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Jun 17 compare TDIs M15 H1 and H4 18-06-2019 08-52-33.png Size: 87 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,699
  • Jun 17, 2019 8:15pm Jun 17, 2019 8:15pm
Quoting erik59
Hello fellow traders i am using 3 indicators to analyze the chart. My analysis are based on Elliott waves and Bill Williams trading chaos Here below my analysis for the start of the week Let me know what you think https://www.youtube.com/watch?v=1R5ZCyOoUpE Cheers Happy trading Erik

Hi erik

What do I think?
I think using just 3 indicators are good enough to have a simple approach that will work when applied consistently.

I also think the video and sound quality recording is very good.

TMS uses the 5EMA, Typical Price, Shift+3 which has similarity to the use of Bill William's Alligator 3 MAs.

Thank you Erik!
Attached Image (click to enlarge)
Click to Enlarge Name: TMS cx Alligator 18-06-2019 09-15-05.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,700
  • Edited 9:25pm Jun 17, 2019 9:01pm | Edited 9:25pm
EURAUD Jun 18 Market Type Study

Bull Market Type is easy to see.... use simple tools.

EA making new highs ...

also EURNZD and EURGBP

EURCAD is a laggard in the group it belongs.

watch out for EURUSD when it rally ...start in H4.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Jun 18 D1 market type BULL 18-06-2019 09-55-23.png Size: 178 KB


Edit:
Adapt your trading to the market type conditions. If you do not see good setups using TMS Stochastics(8,3,3), then learn from Medhi343 and use Stocastics(14,3,3), Look at the PA when the Stoch(14,3,3) remains above the OB for strong bullish trend.... Medhi_Method#1
Also when Stoch(14,3,3) crosses its 50-level are also good PA setups.... Medhi_Method#2
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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