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Trading Made Simple the right way, and other trading lessons 233 replies

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Trading Made Simple

Quoting neoaus
Hi All, What are your thoughts on the AUDUSD daily chart? -Good support / 3 touches - BUOB closed above the 5 -TDI 12-2 angle, stoch confirmation Cheers, {image}
Hi,

on your Daily chart, there is no BUOB on Friday candle. It is just a price bar with higher high and higher Close...

note that you use a different Stoch setting with SMMA instead of SMA. Your Stoch signal can be different if you use the default setting.

-------------

there is a very old support around 0.6700 and that is he bounce last week.

based on my broker NT close on Friday, the TDI green has not cross the red, but the Stoch show a cross Up signal when Thursday close.. this it the new Stoch direction
and now showing crossing its 50-level is good

Based on Thursday Oct 03 close, I started my MEME buy.

on my big picture chart, I see potential for a move higher but watch out for reaction around the BRN 06800 and risk a bearisg reversal back to the dominant primary trend.
Attached Images (click to enlarge)
Click to Enlarge Name: AUDUSD Oct04 NY closed 06-10-2019 20-00-28.png Size: 43 KB Click to Enlarge Name: AUSUSD Week 41 Oct 7 to 11 D1 big picture 06-10-2019 18-49-03.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Maule
{quote} Completely forgot about this old post. (large Time frame problems) Protective Stop hit for +70 pips. {image}
Hi Maule, what settings do you have on your MA channel? I'm guessing its a "dont trade when price is inside this channel" thing? Would be great to know more as I think I need something like this...
Quoting emmanuel7788
{quote} Hi, on your Daily chart, there is no BUOB on Friday candle. It is just a price bar with higher high and higher Close... note that you use a different Stoch setting with SMMA instead of SMA. Your Stoch signal can be different if you use the default setting. ------------- there is a very old support around 0.6700 and that is he bounce last week. based on my broker NT close on Friday, the TDI green has not cross the red, but the Stoch show a cross Up signal when Thursday close.. this it the new Stoch direction and now showing crossing...
Hi neoaus

AUDUSD New York Sunday Oct 06 Open

chart update below

Note the small Sunday candle and the TDI green responded to that small candle with price gap down.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 41 Oct 07 D1 open 07-10-2019 07-03-31.png Size: 43 KB



to see the price bar over APB/HA candle,
set you chart to Bar Chart and Foreground Chart

Attached Image (click to enlarge)
Click to Enlarge Name: Bar Chart Foreground Chart.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Sweet. Thanks Emmanuel.
Quoting EmptyHerring
{quote} Hi Maule, what settings do you have on your MA channel? I'm guessing its a "dont trade when price is inside this channel" thing? Would be great to know more as I think I need something like this...

see these old posts:

TMS 5EMA and Synergy 5SSMA Hi-Low Price Action Channel.

https://www.forexfactory.com/showthr...54#post7320554

https://www.forexfactory.com/showthr...69#post9787169


Synergy Pro APB with PAC..
complete package zip
https://www.forexfactory.com/showthr...90#post8002690


https://www.forexfactory.com/showthr...71#post7863771

Edit:

Keep It Simple: Follow the Yellow Brick Road
see old thread link
https://www.forexfactory.com/showthr...5#post12543705
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting EmptyHerring
{quote} Hi Maule, what settings do you have on your MA channel? I'm guessing its a "dont trade when price is inside this channel" thing? Would be great to know more as I think I need something like this...
I'm using the default settings in the "Synergy_Pro_APB & Synergy_Pro_TDI" (Found in attachments on this thread).
With that said. I am not using all the methods of TMS system. I took out what worked for me and blended it with my own style.
What works for me? Reading Price action.
This thread teaches entries and exits (TDI cross) but if you want to learn everything else about trading (Price action, Money Management, Trading Psycology, etc), you will have to look at other threads, read books, listen to different teachers and combine it in a way that fits you. It's a Long journey ahead. Be mentally prepared. Take away all my indicators, and i can still trade.
Quoting emmanuel7788
{quote} Hi neoaus AUDUSD New York Sunday Oct 06 Open chart update below Note the small Sunday candle and the TDI green responded to that small candle with price gap down. {image} to see the price bar over APB/HA candle, set you chart to Bar Chart and Foreground Chart {image}
How do you get the colours to stick when changing them? I tried to change colours but reverts back to the original. I'm using the Synergy_APB indicator.

Cheers
Actually, ignore that. All good. Worked it out.
EURUSD Oct 07 H1 trade opportunity.

after such pro-long period of small candles inside that H1 high-low...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 41 Oct 07 H1 WRB breakout opportnities 07-10-2019 16-30-44.png Size: 47 KB


stay tuned! video coming up....

Attached Image (click to enlarge)
Click to Enlarge Name: KeepItSimple-MasterCandleBreakout.png Size: 146 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting eelfranz
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually...
<>
HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion...
<>

GBPUSD Oct 07 H4 London session

Example: when both the Stoch and TDI show the same signal...

when the Stoch %k crosses its 50-level and the RSI(13)MA(2) crosses its 50-level ... would be bonus.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Oct 07 H4 Stoch TDI same signal 07-10-2019 17-03-05.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting DrDave
{quote} Looks to me like AUDUSD D1 has the smaller timeframes cycling inside of it now, probably with a little bit more up moves that may not go to new highs on D1. In any case, in my view, I am looking for lower timeframes to go into retracement soon. Considering that W1 is overdue to go up, there could be some radical swings on lower timeframes if the money takers market makers decide to come on board.
Retracement in lower timeframe, no?
Attached Image
The markets are speaking to you. Do you know their language?
IMT Pips This Week: 14
or to put it simply and in understandable terms:
it sits - for the time being - on support (or resistance - depending on which way you look at it)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 49 KB
Quoting emmanuel7788
{quote} <> HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade. 5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... <> GBPUSD Oct 07 H4 London session Example:...
GBPUSD Oct 08 H4

that first setup did not run and the HA candles were small but close below the 5EMA.

another H4 entry opportunity ... both the Stoch and TDI looks good in the same direction.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Oct 08 H4 trade setup2 08-10-2019 08-50-54.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting DrDave
{quote} Well, you know that when a person has a trading "system" that is based on hope and pray, his psyche does not allow recognition of the failure of such a system, resulting in emotional upset and a need to find a target onto which to focus his failure.
Hope and Pray huh? You risk your whole demo account for 5 pips LMAO. If you had a real account you would have closed these trades when you were down 100 pips each on your sells. Cmon on Doc... You're a joke

Speak to me when you're on my level.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot dave.png Size: 861 KB
You will learn the most from your losing Trades
GBPNZD Oct 08 H4

Checked all my boxes.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 118 KB
Quoting eelfranz
Dyekid217... Good analysis buddy... I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas... The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry... I don't care what the red TDI line is doing. Did Stoch's confirm the TDI signal between the 20-80 lines...? The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus... If you meet...
NZDCAD Oct 08 H4

fulfills these conditions:

The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...

I don't care what the red TDI line is doing.

Did Stoch's confirm the TDI signal between the 20-80 lines...?

The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...

If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles...

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD Oct 08 H4 08-10-2019 13-12-00.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting neoaus
GBPNZD Oct 08 H4 Checked all my boxes. {image}
Related Post 97,086
Try and enter when the TDI crossover.
Attached Image
Keep it Simple
Quoting Tekkies
{quote} Related Post 97,086 Try and enter when the TDI crossover. {image}
Thanks Tekkies.
Quoting neoaus
GBPNZD Oct 08 H4 Checked all my boxes. {image}
Nice!

did you notice the price gap?

beware of price gap and study how the TDI response to the gap - previous bar Close and current bar Close.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Oct 08 H4 price gap 08-10-2019 13-44-56.png Size: 254 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Nice! did you notice the price gap? beware of price gap and study how the TDI response to the gap - previous bar Close and current bar Close. {image}
Thanks Emmanuel. Noted. Will review.
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