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Trading Made Simple

  • #97,181
  • Jul 15, 2019 4:25am Jul 15, 2019 4:25am
Quoting keansajeweki
{quote} Hi Emmanuel. Why don't you use the sm TMMS Oscillator, instead of the 2 periods Stoch?

Hi

That smTMMS Oscillator by SwingMan is very nice and helpful visually... and it runs only in MT4.

I trade live on non-MT4 platform and monitor trades on my Android mobile so I can only rely on the common indicators provided in the platform's Stochastics. Anyway, I prefer to see the actual lines of the Stoch(8,3,3) and Stoch(14,3,3) and how these responds to the price action above.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,182
  • Jul 15, 2019 4:28am Jul 15, 2019 4:28am
Quoting emmanuel7788
{quote} Below is my example which I use the RSI(8) with MA(8) applied to the RSI(8) data on Daily chart timeframe.
LOL
For those who do not know the parameters of the TDI, the above settings are are plotting essentially the green (a little faster than synergy TDI green) with the yellow.

Here is a trade I would have taken on Friday if I were home. Note I have other MAs on my chart that I use other than the shifted 5.

H4 was basically flat in price, which is a pullback to a big up leg.
According to H1, the H4 pullback can be completed, so looking for all the smaller charts to start making up moves with the goal of eventually resulting in a new up leg on H4.

The vertical on m15 marks the first closed blue bar with RSI redXyellow up and slight up angle on yellow; potential buy in sight, so waiting for my yellow MA to cross above the orange MA. This occurs at the green vertical. While waiting for that crossing, the m30 also made redXyellow up, so I will put on two buys, one for m15 and one for m30. I also am looking at H1 because the RSI red has a very steep angle up. If it crosses up on yellow, I will make another buy after the candle closes.

I exit both m15 and m30 when m15 meets all conditions of RSI red X yellow down; red candle closed; yellow MA X red MA down. I normally would let the H1 trade continue, because M15 is expected to do a pullback followed by a continuation back up. But because it is nearly the end of the day, I close H1 also.

Easy, no?
That should have gotten about 15 pips, so for 3 contracts, easy 40 pips total.
I often simply set a profit target of 10 pips (as long as the recent ATR supports 10 as realistic) and just walk away.

Just have patience and don't be greedy.
Attached Image (click to enlarge)
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To free Gazans of Hamas, use whatever it takes.
  • #97,183
  • Jul 15, 2019 5:05am Jul 15, 2019 5:05am
Quoting emmanuel7788
{quote} {image} The pairs traded in the frist 2 weeks of July are shown in that summary above. And here is my current trades ... AUDUSD D1 swing trades open last week. The setup was simple - PA reversal bar/candle with Stoch(8,3,3) confirmation , - Stoch(14,3,3) crosses it 50-level Medhi343' Method#2 and - RSI(8) crosses MA(8) and also its 50-level. - Stick to using the APB/HA candles price action and use the 5EMA Typical Price, Shift+3 for direction. I only replaced the TDI and revert back to using the Fozzy-RSI. {image}
Hi Emmanuel,
How you deal with this false sell signal? I marked that on attached image.
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  • #97,184
  • Jul 15, 2019 6:49am Jul 15, 2019 6:49am
Quoting hikaru259
{quote} Hi Emmanuel, How you deal with this false sell signal? I marked that on attached image. {image}
hikaru, why do you want to call that a "false" sell signal? No one following the method would be looking for going short. So if not going short, sell signals are ignored, not false. (Note that using other systems, you can indeed make a sell there--as a COUNTER-TREND trade--based on the H4 or smaller chart.)

Maybe you wonder why he did not exit his positions when the various indicators were as shown? Also, it depends on what settings you use on your indicators as to whether or not that crossing of the slow line even happened (see image below with no crossing).

You might find it helpful to look at H4 when deciding what to do on daily. First, make an assumption that the "normal" price behavior will be a thrust leg, a retracement leg, and a continuation leg. As you can see on the image below, I drew on the daily a single green line to show this entire leg that is the 3 legs marked on H4. That "dip" you marked on the daily is the retracement leg on the H4. Then H4 goes back up on its continuation leg.

If you are making your trade on the daily, then there are two options available as you watch H4 legs unfold. Option1:When it is clear the retracement leg is underway, exit. Option2: Knowing the retracement on H1 is only leg2 of a 3-leg sequence, you stay in and live with the drawdown, knowing that if this is a "normal" move, it will end before retracing 80% of the thrust leg and the continuation leg will have price go back up at least to the top of the thrust leg.
Attached Image (click to enlarge)
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Take note of the 3-leg "normal" price movement. Go check the weekly chart: it is going UP.
Look again at the daily chart. That up move marked above is the thrust leg. Next you see the daily went down, but NOT THE WEEKLY! That is the daily doing the retracement leg. Then daily goes back up on the continuation leg. So that daily doing a 1-2-3 is what forms that single up leg on the weekly, same as I described above for H4 doing 1-2-3 to make the single leg on daily.

skeptical? Check it yourself. Look at H1 and m15 together for the same relationship.

Is it "perfect", i.e., is there ALWAYS a set of 3 legs on the lower chart to form a single leg on the higher chart? Of course not! We're dealing here with the results of human emotion. The trading masses in "normal" emotional state trade in a way that produces the "normal" 1-2-3 pattern. When something "unusual" happens to disturb the "normal" emotions of the masses, crazy things happen, like runaway trends, or a retracement leg that does not stop retracing and results in a trend reversal. Or the masses have uncertainty, and the 1-2-3 goes to 1-2-3-4-5 (or even more) on the lower chart while the larger chart continues on its single leg.
To free Gazans of Hamas, use whatever it takes.
  • #97,185
  • Jul 15, 2019 1:35pm Jul 15, 2019 1:35pm
Hello. what is the best way to set the stop and gain levels? supports and resistances? moving averages? Do you expect to see another sign?
What is the difference between TDI and RSI with SMA 8?
  • #97,186
  • Jul 15, 2019 2:07pm Jul 15, 2019 2:07pm
Quoting hikaru259
{quote} Hi Emmanuel, How you deal with this false sell signal? I marked that on attached image. {image}

Hi Hikaru

very simple.

In my list of trading beliefs there are no false signals.

I look for trade setups to trade not signals provided by technical indicators.

I follow my monthly and weekly top down analyses and prepare my trade plan. June 28 was the last trading day of that month and June closed with a MN High.

Based on my Big Picture Plan, July I look for buy setups only. Update you MN levels and you will see the reasons why I look for buy only.

Learn from Big E. He checks EVERYTHING when he trade. He check other templates and other timeframes too when he wasn't sure of the TDI signal.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,187
  • Jul 15, 2019 2:38pm Jul 15, 2019 2:38pm
Quoting Malony
{quote} Unable to identify S/R. And now not able to count to three. Mhh Emm0000 what number of candle was that "classic TMS candle" on your painting? And on what candle we enter according to BIG E rules? Right, sit down you failed again.
Attached Image (click to enlarge)
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hey Malony

'classic TMS setup'

Nothing wrong to enter on candle#3 being conservative. And you also missed the fact that there was a Sunday candle on my chart. And that Sunday candle was very small..do not trade small HA candles.

You missed the OP Post #718 quoted below.

At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it was the set up candle. I would enter the trade at the beginning of the next candle if it was the same color.... and that still works... this is more conservative...

I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using the TDI candle #1 or 2 for entries.

I left it on my chart because I like to see how PA interacts with the 5ema line during the trade. Gives me a better feel for what's going on... that's mainly the reason...

Good luck Malony!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,188
  • Jul 15, 2019 2:53pm Jul 15, 2019 2:53pm
Quoting emmanuel7788
{quote} Hi Hikaru very simple. In my list of trading beliefs there are no false signals. I look for trade setups to trade not signals provided by technical indicators. I follow my monthly and weekly top down analyses and prepare my trade plan. June 28 was the last trading day of that month and June closed with a MN High. Based on my Big Picture Plan, July I look for buy setups only. Update you MN levels and you will see the reasons why I look for buy only. Learn from Big E. He checks EVERYTHING when he trade. He check other templates and other timeframes...
He check other templates and other timeframes too when he wasn't sure of the TDI signal.
Don't think so:
#117...............If I'm not sure because of what I'm seeing I'll pass and find another set up......
#495...............I choose my trades carefully making sure they meet the entry rules spot on... and pass on the iffy ones and go hunt other charts.


You still have not showed a post from BigE were he checked other time frames, now you add "other templates" as well.
  • #97,189
  • Jul 15, 2019 2:56pm Jul 15, 2019 2:56pm
Quoting Soffner
Hello. what is the best way to set the stop and gain levels? supports and resistances? moving averages? Do you expect to see another sign? What is the difference between TDI and RSI with SMA 8?

Hi Soffner

In the original Traders Dynamic Index TDI by Dean Malone you have the options to change the RSI data period, the Price Line (Green line) and Moving Average Type and also the Trade Signal Line TSL (Red line)

Big E used the original default setting RSI(13), PL(2) and TSL(7). He removed all other lines.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,190
  • Edited 3:16pm Jul 15, 2019 3:03pm | Edited 3:16pm
Quoting Tekkies
{quote} He check other templates and other timeframes too when he wasn't sure of the TDI signal. Don't think so: #117...............If I'm not sure because of what I'm seeing I'll pass and find another set up...... #495...............I choose my trades carefully making sure they meet the entry rules spot on... and pass on the iffy ones and go hunt other charts. You still have not showed a post from BigE were he checked other time frames, now you add "other templates" as well.
hey Tekkies

Big E last post#12,219
...
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY.

...

Read all of Big E ' posts starting from Post#1 and pay attention to details and you will find the answers you want.


Good luck Tekkies!

Edit. A picture is worth a thousand words...
Attached Image (click to enlarge)
Click to Enlarge Name: Big E profile for Tekkies.png Size: 171 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,191
  • Jul 15, 2019 4:58pm Jul 15, 2019 4:58pm
Quoting emmanuel7788
{quote} hey Tekkies Big E last post#12,219 ... So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY. ... Read all of Big E ' posts starting from Post#1 and pay attention to details and you will find the answers you want. Good luck Tekkies! Edit. A picture is worth a thousand words... {image}

Will you post the same when BigE to Emmanuel:
"Emmanuel, can you be so kind and show me the post where I posted in this thread that before you place a trade you should check other time frames and use different templates."
------
Come on Emmanuel, when you use BigE's name to make a statement then surely you must be able to refer to that post were BigE posted.

It is either that or some more bullsh&&.
------
Speaking of bullsh&&. You remember that video you proudly posted awhile ago "The Saga of the TDI Indicator". That man said that RSI is one of the Dirty Dozens. How come you suddenly use Fozzi RSI and try to kill TDI?
Inserted Video
  • #97,192
  • Jul 15, 2019 6:29pm Jul 15, 2019 6:29pm
Quoting Tekkies
{quote} Will you post the same when BigE to Emmanuel: "Emmanuel, can you be so kind and show me the post where I posted in this thread that before you place a trade you should check other time frames and use different templates." ------ Come on Emmanuel, when you use BigE's name to make a statement then surely you must be able to refer to that post were BigE posted. It is either that or some more bullsh&&. ------ Speaking of bullsh&&. You remember that video you proudly posted awhile ago "The Saga of the TDI Indicator". That man said...

hey Tekkies

In the first place, you are assuming that Big E would ask me to show him his own post.

If, he did, then I would post the same reply I made for you below.

Attached Image (click to enlarge)
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I did not kill the TDI. I love the TDI except the ones posted in this thread and repaints the history bars.
Traders Dynamic Index is just a great name to market a product which is another variant of the Fozzy-RSI.


That video "The Saga of the TDI indicator" clearly shows that the TDI repaints in realtime live market as it recorded.
That same person who made the video about the RSI being one of his Dirty Dozens is also making his point. When you have done watching all his youtube videos you will learn why he made all his youtube videos.


Good luck Tekkies.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,193
  • Jul 15, 2019 6:45pm Jul 15, 2019 6:45pm
AUDUSD and NZDUSD Daily charts running nicely days after the reversals...

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 29 Jul 16 D1 16-07-2019 07-39-02.png Size: 63 KB


If you missed the D1 setups and entries , what shall you do?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,194
  • Jul 15, 2019 6:49pm Jul 15, 2019 6:49pm
AUDCAD and NZDCAD Week 28 Jul 16 D1 charts trading

still looking good for buys ... if you know Medhi' Method#2

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Week 29 Jul 16 D116-07-2019 07-45-52.png Size: 64 KB


Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD Week 28 Jul 16 D1 16-07-2019 07-46-27.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,195
  • Jul 15, 2019 7:44pm Jul 15, 2019 7:44pm
Quoting emmanuel7788
{quote} hey Tekkies In the first place, you are assuming that Big E would ask me to show him his own post. If, he did, then I would post the same reply I made for you below. {image} I did not kill the TDI. I love the TDI except the ones posted in this thread and repaints the history bars. Traders Dynamic Index is just a great name to market a product which is another variant of the Fozzy-RSI....
Got it.
There is no such post in this thread, just a other stunt to take some trader down the rabbit hole.
Were you thumb sucking when you posted that BigE use the red line and checked different time frames and templates.
  • #97,196
  • Jul 16, 2019 12:30am Jul 16, 2019 12:30am
Quoting emmanuel7788
{quote} First start with these Big E old posts: {quote} {quote} I moved on to trading the Daily chart timeframes and decided after months forward testing then decided to revert back to the Fozzy-RSI which is origin of the TDI. The TDI version posted in FF have too many variants and I trust my good old RSI much better. The Fozzy-RSI has been around much longer here in FF before TMS. Instead of following Big E' money management risking 15% to 30% of $10k on one single trade entry, I break it down to trading smaller lots and multiple entries using...
Thank you for your answer !
One more question : when you say "allocate $10k per currency pair and the same risk say maximum 30%." , am I to understand that you allocate 3 000 on a global capital of 50 000 , as risk per trading basket , that is 6% but split in how much mini trades with which risk each ?

Could you be so kind to take a very educational example of a trade done by you during this semester and explain :
- what was your basket of pairs , and why you choose this particular pairs at that time ,
- the decisions to take this trade and how do you manage the trade all the way to the end ,
- take your original template for us to clearly understand what are your observations concerning "Fozzy RSI" and other technical points !
Thank you in advance for your answer.
  • #97,197
  • Jul 17, 2019 12:14am Jul 17, 2019 12:14am
Quoting emmanuel7788
{quote} Hi Hikaru very simple. In my list of trading beliefs there are no false signals. I look for trade setups to trade not signals provided by technical indicators. I follow my monthly and weekly top down analyses and prepare my trade plan. June 28 was the last trading day of that month and June closed with a MN High. Based on my Big Picture Plan, July I look for buy setups only. Update you MN levels and you will see the reasons why I look for buy only. Learn from Big E. He checks EVERYTHING when he trade. He check other templates and other timeframes...
Hi Emmanuel,
Thank for your help, can you make it more clear about your BPP, I am still confused at the way you do BPP and decide to find AUDUSD buy opportunity in July.
When check monthly: I see a clear down trend
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on weekly, i see a complex pullback
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on daily
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  • #97,198
  • Jul 17, 2019 5:46am Jul 17, 2019 5:46am
Hey hikaru, when you look at the AUUSD MN,look how long that down trend has been going (my HA candles show ONLY red ones; none blue that you have). Typical runs go 3-8 bars, not 15! So this is a very over extended down trend from "normal". When looking at W1, it also went down for a lot of red bars before making a substantial rally. During that time, the TDI yellow went all the way down to 32! So we see sellers totally swamped buyers.

During the rally, TDI yellow only got back up to 43. After that, buyers and sellers have been more balanced, but sellers a little stronger.

On the last rally on W1 that started in March, look at how the price action was on D1. A reasonable thrust up, a sideways retracement, then a reasonable continuation up, suggesting that this MIGHT be the beginning of a trend change. If it is a trend change, then the next pullback cannot go below the low that started the rally before turning back up. In addition, it is worrisome if the TDI yellow falls below 50 during the pullback. And what happened? Price fell all the way to the "lower limit" and TDI yellow fell below 50 with a noticeable down angle. There was a weak up move that could not even turn TDI yellow up, and when price started back down, we now had PROOF that the attempted trend change to up had failed, and down we go again. When the failure happened, you could start looking at the m5 and m15 to see when they make a rally and SELL.

Do the same type of analysis of the D1 from the low in June. A nice up leg that took TDI yellow above 50 followed by a retracement with TDI yellow staying above 50, then started blue bars again. AHA! That looks like a thrust, pullback, continuation up in the works! So already the close of the July 11 BLUE BAR on D1 SHOWS us that we should be looking for pullbacks from which to BUY on the smaller charts.

On your D1, you drew a pennant and marked expected down move. OK, so go to the H4 and look for CONFIRMATION. What do we see for this up leg of D1? A LOT of blue bars. It went above the prior swing high, but not a substantial amount. Red bars are forming. So you say AHA. I was right! Well, after a LOT more than 8 bars in a run, don't you EXPECT to see a pullback? Does a RETRACEMENT mean you should be shorting AGAINST the D1 that has NO CONFIRMATION of a trend change to down? (Well, you probably shouldn't, but people that know how to counter-trend trade can do it.) And now that H4 has some red candles, let's go check H1 to see how this H4 down leg is developing.

H1 TDI yellow went below 50, so this is a real down leg on H4. Now TDI yellow has gone flat, so we have gone into at least a sideways up move. So there are two possible outcomes here: 1) This sideways "up" move continues up and begins the up continuation on the D1 and you will be BUYING into the D1 up trend; 2) This sideways move is the correction to this H4 down leg so will continue down even further, and you will be ON THE SIDELINES waiting for the down leg to complete, or go too far and signal that you should go back to selling. (At the moment that I am writing this, even m15 is TOTALLY FLAT, so no indication of direction yet, even on this lower chart.)
To free Gazans of Hamas, use whatever it takes.
  • #97,199
  • Jul 17, 2019 6:26am Jul 17, 2019 6:26am
Quoting hikaru259
{quote} Hi Emmanuel, Thank for your help, can you make it more clear about your BPP, I am still confused at the way you do BPP and decide to find AUDUSD buy opportunity in July. When check monthly: I see a clear down trend {image} on weekly, i see a complex pullback {image} on daily {image}

Hi Hikaru

Sorry I don't have time to write long grandmother story now. I am busy now testing my new system to trade E-Mini Futures and will start live trading soon.

You don't need to have the same big picture of the market like mine. What you have done so far you is quite good and you only need to follow the same and be consistent in your approach. There are advanced trading stuff which I don't talk about in this thread.

Remember this Big E' post pic below, this should serve as reminder to new traders reading this thread.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post artist bull bear.png Size: 344 KB


To learn from Big E how he traded Weekly and Daily chart timeframes, below are links to his posts with charts examples. These are the only trade examples I have seen him posted here.

Weekly trade examples
#700
https://www.forexfactory.com/showthr...00#post4582200
#1967
https://www.forexfactory.com/showthr...07#post4605507

Daily trade charts examples
#357
https://www.forexfactory.com/showthr...50#post4577150
#283
https://www.forexfactory.com/showthr...96#post4576096
#4171
https://www.forexfactory.com/showthr...11#post4527311
#3850
https://www.forexfactory.com/showthr...23#post4441523
#3679
https://www.forexfactory.com/showthr...85#post4420885
#3573
https://www.forexfactory.com/showthr...29#post4412229

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #97,200
  • Jul 17, 2019 6:51am Jul 17, 2019 6:51am
Interesting Daily trade example by Big E and that was in Feb 19, 2011 ... more than 8 years ago...

TDI using RSI(13) data crossing at 50-level

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 3573 17-07-2019 19-43-37.png Size: 164 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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