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  • #98,041
  • Oct 2, 2019 4:31pm Oct 2, 2019 4:31pm
Quoting neoaus
Hi, Can someone please explain to me why this trade went south for my learning? I closed out this demo trade with a loss. Many thanks John {image} {image}

Hi

With hindsight I can tell you tons of bullshit why it went 'south'

I always remember these:

The 5 Fundamental Truths of Trading by Mark Douglas

1. Anything can happen.

2. You don’t need to know what is going to happen next to make money.

3. There is a random distribution between wins and losses for any given set of
variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.

5. Every moment in the market is unique.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,042
  • Oct 2, 2019 4:42pm Oct 2, 2019 4:42pm
Quoting emmanuel7788
DE30 Oct 02 M15 its the same Price Action setup... - REVERSAL candle, HA candle body closed below 5EMA, - Stoch cross signal - TDI green confirms later the reversal setup {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Oct 02 M15 TDI TF2 TF3 2107 02-10-2019 21-06-23.png Size: 46 KB



DE30 Oct 02 review

That was a nice drop lower following the Daily BEEB/BEOB. Those trading M15 made lots of pips yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Oct 02 review 03-10-2019 05-33-22.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,043
  • Oct 2, 2019 4:45pm Oct 2, 2019 4:45pm
Thank you gents.
  • #98,044
  • Oct 2, 2019 5:11pm Oct 2, 2019 5:11pm
Question asked many times before.

" when good signal found in H4 chart do i need to look back to H1 chart for better entry or directly open the trade?

For example when H4 show buy signal..at H1 the Green line almost reach 80 level already..show i take the trade or just focus on H4 TF and open the trade?"

You will find Big E reply below:

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #3400.png Size: 79 KB


Based on this Big E' reply#3400 in my tools & system development, I don't use any MTF TDI. The member posting above was mistaken. When I trade M15 chart and do not change the chart timeframe, I see the RSI data in different extended period duration. That's all, nothing more nothing less. I just trade what I see - the Price Action seeing the M15 candles with H1 period high-low and the RSI data of different period duration.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,045
  • Oct 2, 2019 5:20pm Oct 2, 2019 5:20pm
Quoting emmanuel7788
Question asked many times before. " when good signal found in H4 chart do i need to look back to H1 chart for better entry or directly open the trade? For example when H4 show buy signal..at H1 the Green line almost reach 80 level already..show i take the trade or just focus on H4 TF and open the trade?" You will find Big E reply below: {image} Based on this Big E' reply#3400 in my tools & system development, I don't use any MTF TDI. The member posting above was mistaken. When I trade M15 chart and do not change the chart timeframe, I see the RSI...
Good timing and glad you mentioned that. I was thinking about that and doing that yesterday.
  • #98,046
  • Oct 2, 2019 5:21pm Oct 2, 2019 5:21pm
Quoting neoaus
{quote} Good timing and glad you mentioned that. I was thinking about that and doing that yesterday.
so traders do, some don't...

I keep up to date with the market ...
I develop my trading tools based on latest technology.

Attached Image (click to enlarge)
Click to Enlarge Name: be up to date Galaxy.png Size: 532 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,047
  • Oct 2, 2019 5:43pm Oct 2, 2019 5:43pm
Learning from Big E' trading journey 2008 to 2011

Here is an example of Big E's old post. He has 19 templates in 2010, one chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E 2937 Mom14 w MA10.png Size: 210 KB


what do you see?

He also downloaded the Advance Synergy 2.0 system because was a subscriber to CompassFX Dean Malone.

Do your own due diligence today. Where is Dean Malone?

Stop living in the past.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,048
  • Oct 2, 2019 5:45pm Oct 2, 2019 5:45pm
"I don't use any MTF TDI."
a Picture is worth a thousand words.
Attached Image (click to enlarge)
Click to Enlarge Name: give up.PNG Size: 26 KB

------
Don't use them. Why post them?
What did BigE posted about other indicators? Any member willing to answer?
  • #98,049
  • Oct 2, 2019 5:53pm Oct 2, 2019 5:53pm
Quoting Tekkies
"I don't use any MTF TDI." a Picture is worth a thousand words. {image} ------ Don't use them. Why post them? What did BigE posted about other indicators? Any member willing to answer?

hey Tekkies

those are not MTF TDI.

you will find the answer in your own post...Post #67,395 ... your second post in this thread.

https://www.forexfactory.com/showthr...94#post8834594

I provided my answer in Post #98,050 just above.
If you want to use MTF TDI read other members posts in this thread or goto TMS for Newbies thread.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,050
  • Oct 2, 2019 6:15pm Oct 2, 2019 6:15pm
Quoting neoaus
Hi, Can someone please explain to me why this trade went south for my learning? I closed out this demo trade with a loss. Many thanks John {image} {image}
Hi

Now we can learn from hindsight post-mortem POMO

... Weekly WRB High-Low as support and resistance
... H4 WRB side High-Low as support and resistance

When market was trending south, we see momentum low and when that momentum loses steam market goes sideways ...H4 WRB

1st REVERSAL candle did not run (weaker Canadian GDP data release on Tues Oct1) , tested the high of that H4 WRB-High.
2nd REVERSAL candle ran ... beautiful

Post#261 is key here.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 40 Oct 03 update 03-10-2019 07-07-12.png Size: 50 KB


Take time to learn to read your candles and what their trying to shout at you as well as your TDI signals...

Post#701 with the chart attached to it.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #701(2).png Size: 217 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,051
  • Oct 2, 2019 6:27pm Oct 2, 2019 6:27pm
Thanks Emmanuel.
  • #98,052
  • Edited 7:39pm Oct 2, 2019 7:22pm | Edited 7:39pm
Quoting emmanuel7788
{quote} hey Tekkies those are not MTF TDI. you will find the answer in your own post...Post #67,395 ... your second post in this thread. https://www.forexfactory.com/showthr...94#post8834594 I provided my answer in Post #98,050 just above. If you want to use MTF TDI read other members posts in this thread or goto TMS for Newbies thread.
Anyone go to my second post and use the Traders Dynamic Index with those setting 13,0,2,0,7,0 and do what Emmanuel did on M15 chart Post 98,054 two bottom sub-windows, I will never again post in this thread.
When they cannot that will include yourself, you pack your bags and leave.
Deal?
Any takers?
------
As to your other post's.
--- "Stop living in the past."
That is a new one, Emmanuel. Remarkable you made such a post. Well you surely like to go back, way back past TMS start date to the very old past the "Harris thread". Did you notice the Harris thread is even more older then TMS which mean most of those post will be outdated and not applicable to the TMS thread.
Next time include the heading: An example of a compassfx Synergy chart:
Do you have any more post where BigE took real trades from a example chart?
--- "I see the RSI data in different extended period duration. That's all, nothing more nothing less. I just trade what I see - the Price Action seeing the M15 candles with H1 period high-low and the RSI data of different period duration."
What happened to missing part where TDI confirm Stoch crossover or are you telling members how to use a method you don't trade with any more
It is impossible to see any H1 data on M15 chart with out an indicator accessing H1 from M15 which will make that indicator a MTF indicator because it is accessing two different time frames simultaneously. The same for RSI data of different period duration.
------
Just for fun Emmanuel on which charts last week posted did you use what you are posting now this week concerning:
> I just trade what I see - the Price Action seeing the M15 candles with H1 period high-low and the RSI data of different period duration.
Even more fun when are you going to answer Post 97,985?
cheers Emmanuel
  • #98,053
  • Oct 2, 2019 7:26pm Oct 2, 2019 7:26pm
Say again. Double check what get posted against what BigE has posted in this thread.
That is the only why to be certain the content is reliable.
  • #98,054
  • Oct 3, 2019 9:21am Oct 3, 2019 9:21am
Hi guys,
I am testing the system with good results so far.
Do you know if there are some Skype groups where to share live trades/ideas and helping each other?
Thankss
  • #98,055
  • Oct 3, 2019 2:41pm Oct 3, 2019 2:41pm
Quoting Maule
New Entry found EU 4h Short Monthly, Weekly & Daily Time Frame also Bearish. DXY Bullish on Daily tf with a bearish correction. Every thing says go for me. {image}
Completely forgot about this old post. (large Time frame problems)
Protective Stop hit for +70 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-10-03 (1).png Size: 63 KB
Play the hand you were dealt.
  • #98,056
  • Oct 3, 2019 4:52pm Oct 3, 2019 4:52pm
Quoting emmanuel7788
{quote} {image} USDJPY Oct 02 Daily candle trade was good. Took some pips and now wait and see how it reacts today... couple of 'support' just where current price is. ... last swing low (arrow) ... 10EMA/50EMA ... BRN 107.00 potential target 106.50 region +/- Trade what we see ... indicators are tools we use and are our guide. {image} Trade Well and Trade Safe.
USDJPY Oct 04 SYD open update

Nice! yesterday hit 106.48 Low
more selling ... *NFP today New York session.

I see lower level target ... region 106.29 and the next BRN 106.00

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 40 Oct 04 D1 04-10-2019 05-43-29.png Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Oct 04 D1 SYD 04-10-2019 05-45-45.png Size: 44 KB


Trade Well and Trade Safe.
_______________________________________________________________________
Learn from the past, live in the present.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,057
  • Oct 3, 2019 5:24pm Oct 3, 2019 5:24pm
Quoting Maule
{quote} Completely forgot about this old post. (large Time frame problems) Protective Stop hit for +70 pips. {image}
Looking at when you closed the trade you even forgot you had a open trade going.
At work or no access to a computer? You lost a great deal of profit with those blue bar's.
  • #98,058
  • Oct 3, 2019 5:56pm Oct 3, 2019 5:56pm
Quoting Maule
{quote} Completely forgot about this old post. (large Time frame problems) Protective Stop hit for +70 pips. {image}

well, the OP once said:

I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...


but I can do the same on H4 with a view to large timeframe period duration...

TDI Pro2

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD TDO pro2 TF3 04-10-2019 06-53-51.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #98,059
  • Oct 3, 2019 6:27pm Oct 3, 2019 6:27pm
Quoting emmanuel7788
{quote} well, the OP once said: I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ... but I can do the same on H4 with a view to large timeframe period duration... TDI Pro2 {image}
Emmanuel,

how are your other trades standing from earlier today? Just curious!

ive tried to read a bulk of this thread but as you can imagine, it’s difficult!
  • #98,060
  • Oct 3, 2019 6:35pm Oct 3, 2019 6:35pm
Quoting Tekkies
{quote} Looking at when you closed the trade you even forgot you had a open trade going. At work or no access to a computer? You lost a great deal of profit with those blue bar's.
Nope didn't forget. Just sticking to my trade management rules by manually moving the stop above recent structure.
I'm already up 190+ pips on AJ using this method. That's how I choose to let my profits run .
What I forgot about was the post, not the trade
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-10-03 (2).png Size: 62 KB
Play the hand you were dealt.
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