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Trading Made Simple

  • #97,561
  • Aug 22, 2019 4:45am Aug 22, 2019 4:45am
Quoting DrDave
{quote} If that's working for you, stick with it. I, however, do no have a fixed "master" timeframe. For me, the "master" is dynamic; I check ALL the charts for where the "master" is.
"Jack of all trades, Master of none" comes to mind.
This thread is about how to use the TDI on one time frame.
- BigE on H1 and H4
- Me on H1 together with M15

How do you use TDI on a "dynamic" time frame? Somehow you have to show the traders how you put every piece of information together and pick the right TDI cross over to place that trade.
  • #97,562
  • Aug 22, 2019 5:46am Aug 22, 2019 5:46am
Quoting DrDave
{quote} For me, the "master" is dynamic; I check ALL the charts for where the "master" is.
Actually, that's a very good point:
If you want to see clearly what is happening, for example, you have to look at different TFs for different currency pairs:
M USDCAD
W EURUSD
D GBPCAD, GBPJPY
H4 NZDUSD
to give but a few examples.
And tihs, of course, can and will change.
  • #97,563
  • Aug 22, 2019 6:58am Aug 22, 2019 6:58am
Quoting Tekkies
{quote} Both charts:What do you see at sell entry? H1: What do you see at price level? {image}
A certain area to the left where price obviously felt hard to break for a few times. What are you aiming for? So you mean you only place trades away from support and resistance areas AND only AT such areas, not in the middle of nowhere?

I remember you told me a few times in the past that support and resistance especially on lower time frames are quiet "useless" and can break at any time in any direction and that you donīt pay too much attention to S/R therefor on your own. Now if i post charts not doing so, i am the idiot correct?

It might me a different thing if you would identify really MAJOR support and resistance levels. But therefor you would have to look on at least a significantly higher time frame like H4, Daily, Weekly and mark such areas so you can respect them on the M15/H1 chart you trade right?

You should have better marked my USD/CAD chart like I posted it so i would at least had a chance to understand what exactly you was talking about, i still have no clue, but anyways, no problem.

You see, the problem i have with this/your version of the TMS is, that there seem to be still tons of "subjective" criteria why or why not you might take a trade. Is this your understanding of "keeping it simple"? I donīt want to fight, i just ask .That seems somehow ambiguous to me.
  • #97,564
  • Aug 22, 2019 7:03am Aug 22, 2019 7:03am
@Tekkies, could you please send me your template or post your settings again of the tools you are using. I would like to use the same for some time so we have at least a chance to post similar looking charts even if this means i would have to get rid of the HA candles layout and another rule given by BigE i drag to hell, probably he just had a bad day as he was writing down that HA candles are important to use.
  • #97,565
  • Aug 22, 2019 7:10am Aug 22, 2019 7:10am
Quoting lddd
You see, the problem i have with this/your version of the TMS is, that there seem to be still tons of "subjective" criteria why or why not you might take a trade.
I say this all in good faith and with respect. You have been hammering this same point over and over and over again, and you keep getting the same reply but you are not willing to accept it. I told you once before that there isn't a system around where you can just enter based only upon the signals generated and make lots of pips on a consistent basis. I told you that this is the reason that EA's don't work. You told me that you have either seen or have (I forget your exact words) an EA that DOES work. If you DO have such an EA, or you know where you can get one, then I suggest you get/use this magical EA to make lots of pips and be happy......because......this method/system, like *every other method/system* requires a certain amount of discretion for entry/exit from the user. That is a stone cold and hard fact and you must accept that.

If a system/method existed where signals could be taken with no discretion and make lot's of pips, quite simply, the market would not exists at all!!!

Accept the fact and move on. Either learn how to develop and use this discretion, or employ your EA and retire rich and happy!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #97,566
  • Aug 22, 2019 7:54am Aug 22, 2019 7:54am
Quoting lddd
{quote} A certain area to the left where price obviously felt hard to break for a few times. What are you aiming for? So you mean you only place trades away from support and resistance areas AND only AT such areas, not in the middle of nowhere? I remember you told me a few times in the past that support and resistance especially on lower time frames are quiet "useless" and can break at any time in any direction and that you donīt pay too much attention to S/R therefor on your own. Now if i post charts not doing so, i am the idiot correct? It might...
There is no need to mark up the chart posted. You have already pin pointed the resistance line/zone/ area. (Get the impression you are playing a fool's game. You know exactly what are S/R levels.)
------
Anyway this might benefit a reader:
TDI crossover only indicate a POSSIBLE opportunity for a trade to be placed.
-----
Read Post#647 again and again. Look up (google search ever point in that post.)
Those point's mentioned are not cast in stone, they can and will fail at some point.
> Support and Resistance level's do get broken on all time frames
> Short and Long term trends do change over time on all time frames.
> Consolidations do start and end on all time frames.
----
If you want to trade by:
- a strict set of rules, you are going to suffer losses.
There is only one Rule: Did TDI green crossed red with a angle above/below 2/4, the rest is up to you
- Angle of green above / below 1/2 and 4/5 means nothing if those point's does not confirm (for or against) the angle of green and intend trade.
You need to find the reason why TDI green crossed red.
----
- place trades away from support and resistance areas AND only AT such areas
Yes. Can be a reason. It is always wise to trade away from S/R level. (google if you don't believe me)
- not in the middle of nowhere?
TDI does no cross over in the middle of nowhere. Find the reason
----
- support and resistance especially on lower time frames are quiet "useless"
Most of the time. You have to make sure that S/R level is not from (let say) Weekly chart.
------------------------
- your understanding of "keeping it simple"
Don't think so. BigE have used the word "simple" a few times.

Iddd the more time you spend with Trading Made Simple ea: TDI crossover with chart time, practice, trade, apply and study post#647 the "simple" will come to you.
(I do not say easy.)
  • #97,567
  • Aug 22, 2019 8:08am Aug 22, 2019 8:08am
Quoting lddd
@Tekkies, could you please send me your template or post your settings again of the tools you are using. I would like to use the same for some time so we have at least a chance to post similar looking charts even if this means i would have to get rid of the HA candles layout and another rule given by BigE i drag to hell, probably he just had a bad day as he was writing down that HA candles are important to use.
Attached File(s)
File Type: tpl default.tpl   < 1 KB | 390 downloads

Use TDI from Post#25
Stoch 8.3.3
  • #97,568
  • Aug 22, 2019 8:43am Aug 22, 2019 8:43am
Quoting Tekkies
{quote} "Jack of all trades, Master of none" comes to mind. This thread is about how to use the TDI on one time frame. - BigE on H1 and H4 - Me on H1 together with M15 How do you use TDI on a "dynamic" time frame? Somehow you have to show the traders how you put every piece of information together and pick the right TDI cross over to place that trade.
If you believe in the signals that are generated on you timeframe of choice, then why restrict the usage of the indicator to that single timeframe? You already stated, post #97564
Quote
What happen on one time frame is repeated on all time frame's over a span of time.
It is not a matter of mastering the system on a specific timeframe, it is a matter of mastering the system, then applying the system everywhere that an opportunity to capitalize on the edge that the system provides.
To free Gazans of Hamas, use whatever it takes.
  • #97,569
  • Aug 22, 2019 8:46am Aug 22, 2019 8:46am
Quoting Tekkies
{quote} Did not see that one coming. What type of "news" happened during the night that London open will take DE30 up with such a move? M5 made a double top for some new sell order's. Right judgment / decision. Would not know? Only time will tell. {image}
It will be all about the ongoing Brexit Saga - this is when the signals can become reversed based on the politics
"To live with Passion, it takes Courage and Grace to survive"
  • #97,570
  • Aug 22, 2019 8:55am Aug 22, 2019 8:55am
Quoting Britpip7
{quote} It will be all about the ongoing Brexit Saga - this is when the signals can become reversed based on the politics
Could you explain that a little better please? That has at least 2 possible meanings for me.
To free Gazans of Hamas, use whatever it takes.
  • #97,571
  • Aug 22, 2019 9:00am Aug 22, 2019 9:00am
Quoting DrDave
{quote} Sorry to tell you vic, but EURGBP Weekly is way overdue to drop. The drop has already reached the Daily. This up move is just a rally to Daily that is coming down, so your H1 trade is cycling inside that. It is probably starting an up leg now that might go 30 pips. But London closed now and it's lunch time in New York, so might not see much movement right now.
Have you folks continued watch/trade this? The down movement is far from over.
To free Gazans of Hamas, use whatever it takes.
  • #97,572
  • Aug 22, 2019 9:08am Aug 22, 2019 9:08am
Quoting DrDave
{quote} If you believe in the signals that are generated on you timeframe of choice, then why restrict the usage of the indicator to that single timeframe? You already stated, post #97564 {quote} It is not a matter of mastering the system on a specific timeframe, it is a matter of mastering the system, then applying the system everywhere that an opportunity to capitalize on the edge that the system provides.
Truth: Am afraid to trade H4/D1. Won't be able to handle those draw downs.
----
You have sum up TMS right down to the core: Master the system, then applying the system everywhere.

Quoting DrDave
{quote} Could you explain that a little better please? That has at least 2 possible meanings for me.
It means plain and simple:
Miss Price caught you with your pants around your ankles.
  • #97,573
  • Aug 22, 2019 9:28am Aug 22, 2019 9:28am
Quoting Tekkies
{quote} Truth: Am afraid to trade H4/D1. Won't be able to handle those draw downs. ---- You have sum up TMS right down to the core: Master the system, then applying the system everywhere. {quote} It means plain and simple: Miss Price caught you with your pants around your ankles.
Where was that?? Please be specific. I don't see in anything I posted that Miss Price did something else.
To free Gazans of Hamas, use whatever it takes.
  • #97,574
  • Aug 22, 2019 9:40am Aug 22, 2019 9:40am
Quoting DrDave
{quote} Where was that?? Please be specific. I don't see in anything I posted that Miss Price did something else.
Nothing you posted Dave.
"Miss Price caught you with your pants around your ankles." means that the market caught you by surprise, off-guard, made a unsuspected turn.
  • #97,575
  • Aug 22, 2019 9:54am Aug 22, 2019 9:54am
Quoting Tekkies
{quote} Nothing you posted Dave. "Miss Price caught you with your pants around your ankles." means that the market caught you by surprise, off-guard, made a unsuspected turn.
Ah, OK, you just made a remark about what happens to many traders.
To free Gazans of Hamas, use whatever it takes.
  • #97,576
  • Aug 22, 2019 10:09am Aug 22, 2019 10:09am
Quoting DrDave
{quote} Where is USDCAD now? Yesterday's drop brought H4 down. Now we see a rally. It is already time for the rally to end. Let's see if it ends soon, or goes for another cycle. My bias is for more down movement.
USDCAD update.
At the moment, I see H1 buyers took a look above the prior swing high. If there is not commitment to getting over that high, then when price swings back down, more down action that could very well be the start of painting tomorrow's daily bar as a down bar.
To free Gazans of Hamas, use whatever it takes.
  • #97,577
  • Aug 22, 2019 10:21am Aug 22, 2019 10:21am
This is USDCAD 1H and 4H. How do you proceed when two times frames show opossite directions? D is similar to 4H with divergence and TDI cross similar to 4H. I would say to trade with 4H but maybe with not the best entry.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #97,578
  • Aug 22, 2019 10:29am Aug 22, 2019 10:29am
Quoting Vic80
This is USDCAD 1H and 4H. How do you proceed when two times frames show opossite directions? D is similar to 4H with divergence and TDI cross similar to 4H. I would say to trade with 4H but maybe with not the best entry. {image} {image}
Hint1: who is painting who's bars?
Hint 2: you are not looking at enough timeframes.

When the cherries trees in the orchard are ripening, you want to find the trees that give the best harvest. If you limit yourself to just a handful of rows of the orchard that you inspect, what do you think the chances are that you missed the best trees?
To free Gazans of Hamas, use whatever it takes.
  • #97,579
  • Aug 22, 2019 10:30am Aug 22, 2019 10:30am
Quoting DrDave
{quote} USDCAD update. At the moment, I see H1 buyers took a look above the prior swing high. If there is not commitment to getting over that high, then when price swings back down, more down action that could very well be the start of painting tomorrow's daily bar as a down bar.
DrDave, I didn't see your post. Maybe I was writing while you were posting
  • #97,580
  • Aug 22, 2019 10:40am Aug 22, 2019 10:40am
Quoting Vic80
{quote} DrDave, I didn't see your post. Maybe I was writing while you were posting
Actually, if you apply a little analysis to what has already happened, you can trade both directions.
For example: USDCAD H1 prior up swing spanned about 25 pips. If the next up swing mimics that, look for it to go 25 pips. But why take a chance? How about targeting only half of that, or even just 10 pips? Does that give you an edge right there? So when the TDI crossed up, look how far the price went up from there. If we are looking at the same entry bar, 10 pips was a breeze.
To free Gazans of Hamas, use whatever it takes.
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