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Trading Made Simple

  • #99,741
  • Dec 12, 2019 10:51pm Dec 12, 2019 10:51pm
Something is not right. Out of balances!!!
Yep, found it.
- Use the 5-Method as core trading methodology and develop a WINNING SYSTEM THAT FITS YOU
- OP used and he made money back in 2010

WINNING SYSTEM THAT FITS YOU
- Why all those negative post's that followed after Tekkies posted a M15H1 chart?

OP used and he made money back in 2010
- Why all those nice blue "TDI is not in the winning edge equation'

It will remain a mystery.
-----
Follow the advice of BigE in this thread.
Understand what he has posted.
Missed this one. Will caught the next crossover if fit's the advice given in Post#647.
Still trying to figure out is it: advice, guidelines. rules or what you want it to be.
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  • #99,742
  • Edited 9:08am Dec 13, 2019 4:31am | Edited 9:08am
entered AC and EA on M15 but against the larger TF trend..

AC as there is a relatively long H4 pin bar bouncing W1 WRB high, and then another smaller indecision bar, and also relatively big M15 candle.

EA as there is a relatively large H4 BUOB and one hour after LO, H1 is BUEB.. (initially entered short with the trend as thinking that it might test the low.. but as time passes, BUEB M15 appears with APB body close above 5emas3, stoch cross up, 'tdi' nearly cross... totally valid long signal, not confident that the trade will continue, so close it and wait for more confirmation..)

2 position each..

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EDIT: out for both position, price quickly reverses..

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  • #99,743
  • Dec 13, 2019 7:31pm Dec 13, 2019 7:31pm
Quoting moRTaL
entered AC and EA on M15 but against the larger TF trend.. AC as there is a relatively long H4 pin bar bouncing W1 WRB high, and then another smaller indecision bar, and also relatively big M15 candle. EA as there is a relatively large H4 BUOB and one hour after LO, H1 is BUEB.. (initially entered short with the trend as thinking that it might test the low.. but as time passes, BUEB M15 appears with APB body close above 5emas3, stoch cross up, 'tdi' nearly cross... totally valid long signal, not confident that the trade will continue, so close it...


since you are now more focus into looking at your charts and follow the price action
you may want to consider these options in the TDI settings

Attached Image (click to enlarge)
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also the Fozzy-RSI will replace the original Traders Dynamic Index and we are no longer dependent on customs indicators....

you will find more information at this website link below.
https://forex-station.com/viewtopic....38#p1295362638
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,744
  • Dec 13, 2019 7:39pm Dec 13, 2019 7:39pm
Quoting moRTaL
entered AC and EA on M15 but against the larger TF trend.. AC as there is a relatively long H4 pin bar bouncing W1 WRB high, and then another smaller indecision bar, and also relatively big M15 candle. EA as there is a relatively large H4 BUOB and one hour after LO, H1 is BUEB.. (initially entered short with the trend as thinking that it might test the low.. but as time passes, BUEB M15 appears with APB body close above 5emas3, stoch cross up, 'tdi' nearly cross... totally valid long signal, not confident that the trade will continue, so close it...

both are good trades and you managed those positions well.



AUDCAD POMO

You spotted that Weekly WRB High Low weeks ago and that help us to be prepared in advance and pick our trades easier ...

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EURAUD POMO

slightly different from AC above. There was a bearish Weekly bar/candle last last week close, and this week trading bias is H4 sell.

you bought at the bottom of the Weekly Low bounce off BRN 1.6100 which is also good short term trade since it is Friday trade. But normally I avoid trading H4 on Fridays.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 50 H4 POMO 14-12-2019 09-13-33.png Size: 107 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,745
  • Dec 13, 2019 7:46pm Dec 13, 2019 7:46pm
Quoting Tekkies
Something is not right. Out of balances!!! Yep, found it. - Use the 5-Method as core trading methodology and develop a WINNING SYSTEM THAT FITS YOU - OP used and he made money back in 2010 WINNING SYSTEM THAT FITS YOU - Why all those negative post's that followed after Tekkies posted a M15H1 chart? OP used and he made money back in 2010 - Why all those nice blue "TDI is not in the winning edge equation' It will remain a mystery. ----- Follow the advice of BigE in this thread. Understand what he has posted....

well Tekkies

you do not have a WINNING SYSTEM yet... your post says so.

the 5-Method is simple so you need to keep on with practice...practice... practice until you get it consistently correct.

Unless you mastered this method already... keep the questions or concerns coming. Post your Demo trades too.
Continue making Demo trades to build your confidence and study old charts where the TDI gives clean signals... it will pay you in spades... well, pips in our case...

remember this also,

There are always going to be people who slam using Stochastics or any other indicator. Like you said... you have to learn how to use it like you have to learn how your favorite pair responds in the market place.

I have been burned once in a while however, most of the time it was my fault for reading the market incorrectly.

Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly.

Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live.

Learn to tweek your strategy to stay up with changing market conditions. If your mentally burned out, take a week off.

Take your time to learn how to trade. Newbies want to trade live right off the bat... and I thank you for all those pips you paid for... that I get to keep. Take the time to enjoy the learning experience. There is no hurry... only in your mind.

I profit every day by using Stochastics. I hope you will too. It's just part of the puzzle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,746
  • Dec 13, 2019 7:53pm Dec 13, 2019 7:53pm
GBPUSD Week 50 Dec 09 to 13 UK Elections

WOW! 365 out of 650 seats won. I was stunned by such win.

Now look at my Weekly chart... how many pips did you make this week?

How many pips can TRADING MADE SIMPLE make?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,747
  • Dec 14, 2019 7:49am Dec 14, 2019 7:49am
Hi All

First post here, Looking to get back into trading. Did it for a bit years ago when I was young and dumb, learnt and forgot a lot, now I'm looking to cut right back to basics and focus on 1 thing not 20 like I used to. I've been reading and demoing slowly. Using Trading sims to trade back from the start of 2019 with mixed success. I think I'm slowly starting to identify why half my bad trades are happening.

I was mainly just trading with the signals and not taking into account PA. I remember a little about PA from years ago but I have a lot of work to rebuild.

Just wanted to share a trade I'm quite proud of. Set this up Friday afternoon (Australia time) and took my girl out dancing. Came back to 93 pips. Hoping I can do this every time we go dancing

And analysis/feedback would be greatly appreciated as I could of just gotten lucky but I think things went pretty good. Target was calculated at 38.2 Fib Level and SL was a few pips above the top wick of the high.

ENTRY:

Cross occurred on TDI but to a weak red candle with an average TDI angle. 1 blue candle followed by 2 stronger red candles. 2nd red candle had much more favourable TDI angle. Trade entered.
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  • #99,748
  • Dec 14, 2019 7:51am Dec 14, 2019 7:51am
Quoting emmanuel7788
{quote} since you are now more focus into looking at your charts and follow the price action you may want to consider these options in the TDI settings {image} also the Fozzy-RSI will replace the original Traders Dynamic Index and we are no longer dependent on customs indicators.... you will find more information at this website link below. https://forex-station.com/viewtopic....38#p1295362638
Thank you for the info emm.. by the way, i also like this post 97732 , post 97174... It becomes clearer about fozzy-rsi..

Quoting emmanuel7788
{quote} both are good trades and you managed those positions well. AUDCAD POMO You spotted that Weekly WRB High Low weeks ago and that help us to be prepared in advance and pick our trades easier ... {image} EURAUD POMO slightly different from AC above. There was a bearish Weekly bar/candle last last week close, and this week trading bias is H4 sell. you bought at the bottom of the Weekly Low bounce off BRN 1.6100 which is also good short term trade since it is Friday trade. But normally I avoid trading H4 on Fridays....
Thank you for your time and effort in the POMO too, really appreciate it. Yup, learn a lot from your POMOs..
  • #99,749
  • Dec 14, 2019 8:00pm Dec 14, 2019 8:00pm
GBPUSD Week 50 H1 review Dec 09 to 13

Compare TDI versions

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decide which TDI version you want to use in your live trading and validate against the OP' posts and write your own trading rules.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,750
  • Dec 14, 2019 8:04pm Dec 14, 2019 8:04pm
Quoting Tekkies
Something is not right. Out of balances!!! Yep, found it. - Use the 5-Method as core trading methodology and develop a WINNING SYSTEM THAT FITS YOU - OP used and he made money back in 2010 WINNING SYSTEM THAT FITS YOU - Why all those negative post's that followed after Tekkies posted a M15H1 chart? OP used and he made money back in 2010 - Why all those nice blue "TDI is not in the winning edge equation' It will remain a mystery. ----- Follow the advice of BigE in this thread. Understand what he has posted....

#99742

review of post above and learn from the details and validate with the OP's post #261 and #647.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,751
  • Dec 14, 2019 8:12pm Dec 14, 2019 8:12pm
Which broker do you prefer?

A or B

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******* different price data means different TDI signals
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,752
  • Edited 2:15am Dec 15, 2019 1:59am | Edited 2:15am
Keep it simple, follow TDI.
-----
Study the content of what BigE has posted.
In Post#647 BIgE did not refer to support / resistance levels but refer to them in many post's when he looked at the chart after TDI crossover has indicated a possibility of an trade.
Post#4298 ......... your current support and resistance levels..........
Post#11............. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade,
Post#121........... Just be aware how close you are to the 68 & 32 line and pay close attention.

Your safest course of action is to do your own homework.
(Something like this: Post 97,082)
------
Post 99,750 "write your own trading rules."
Nice: Post 97,094, Post 95,593
-----
Trends: Blue = profit / Yellow = loss
For the yellow trends lines. Sorry to say: You can't won them all.
Understand Post 117
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  • #99,753
  • Dec 15, 2019 5:39am Dec 15, 2019 5:39am
Quoting Tekkies
Keep it simple, follow TDI. ----- Study the content of what BigE has posted. In Post#647 BIgE did not refer to support / resistance levels but refer to them in many post's when he looked at the chart after TDI crossover has indicated a possibility of an trade. Post#4298 ......... your current support and resistance levels.......... Post#11............. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, Post#121........... Just be aware how close you are to the 68 &...
Choose your broker carefully ...


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #99742 (2) 14-12-2019 09-18-56.png Size: 322 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,754
  • Dec 15, 2019 7:02am Dec 15, 2019 7:02am
Quoting Tekkies
Keep it simple, follow TDI. ----- Study the content of what BigE has posted. In Post#647 BIgE did not refer to support / resistance levels but refer to them in many post's when he looked at the chart after TDI crossover has indicated a possibility of an trade. ...{image}

Read and Study Post#647 again and practice on live market charts.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,755
  • Dec 15, 2019 7:05am Dec 15, 2019 7:05am
Quoting Tekkies
Keep it simple, follow TDI. ----- Study the content of what BigE has posted. In Post#647 BIgE did not refer to support / resistance levels but refer to them in many post's when he looked at the chart after TDI crossover has indicated a possibility of an trade. Post#4298 ......... your current support and resistance levels.......... Post#11............. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, Post#121........... Just be aware how close you are to the 68 &...
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Read post#99750 again and pay attention to details - the chart and the two TDI versions.

read the text in complete entirety and not just pick on selected words.

decide which TDI version you want to use in your live trading and validate against the OP' posts and write your own trading rules.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,756
  • Edited Dec 16, 2019 1:11am Dec 15, 2019 11:19pm | Edited Dec 16, 2019 1:11am
entered short on H1 AU... which is against the major trend as W1 is HH+ HC+ so bias is actually bullish, but D1 is BEOB, imho it is a fake breakout from down trendline, BRN 0.69, WRB W1 and WRB MN... so at the moment may be retracing down first before continuing the up move, also TP may be adjusted depends on PA later.. let's see in about 1 hour when H4 candle closes.. entered only 2 position..

Edit: 1 hour after entering, H1 fozzy-rsi doesn't show a good angle, but H4 LC+, barely LL.. decided to wait another hour.. then M15 shows a valid long entry while H1 a BUOB but still below 5ema s3... looking at H4, to the left, PA is in a WRB H4... haha confused whether this is still a good entry or not, decided to close 1 position, leaving 1 running... will re-enter another position if M15 shows a valid 'good'short entry
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  • #99,757
  • Dec 16, 2019 1:14am Dec 16, 2019 1:14am
Quoting moRTaL
entered short on H1 AU... which is against the major trend as W1 is HH+ HC+ so bias is actually bullish, but D1 is BEOB, imho it is a fake breakout from down trendline, BRN 0.69, WRB W1 and WRB MN... so at the moment may be retracing down first before continuing the up move, also TP may be adjusted depends on PA later.. let's see in about 1 hour when H4 candle closes.. entered only 2 position.. Edit: 1 hour after entering, H1 fozzy-rsi doesn't show a good angle, but H4 LC+, barely LL.. decided to wait another hour.. M15 shows a valid long entry...

You can compare the your Fozzy-RSI preferred setting and the two different TDI versions in this thread.

this is reason why I wrote earlier that we as the trader will have to

decide which TDI version you want to use in your live trading and validate against the OP' posts and write your own trading rules.

below is AUDUSD M15 chart with H4 High-Low.

note the two TDI version will show the same after they have both refreshed and re-painted many bars in its history.

when we study the OP training charts, his charts are mostly refreshed charts hence the TDI shown were all repainted and would have been different when it is in live market conditions. We need to validate the OP posted rules and training charts with live market chart and price action and if those rules are accurate.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Dec 16 M15 w H4 hi-lo 16-12-2019 15-01-05.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,758
  • Dec 16, 2019 1:39am Dec 16, 2019 1:39am
Quoting emmanuel7788
{quote} You can compare the your Fozzy-RSI preferred setting and the two different TDI versions in this thread. this is reason why I wrote earlier that we as the trader will have to decide which TDI version you want to use in your live trading and validate against the OP' posts and write your own trading rules.
Thx emm, i'm using TDI Pro (2016) setting for 1 Hour and below; and original TDI (2005) for 4H, Daily, Weekly & Monthly as per suggestion on the link in post99744.

EDIT:

Quoting emmanuel7788
{quote} below is AUDUSD M15 chart with H4 High-Low. .
yes, i also thought and see the high-low of AU H4, remembered that you posted several of those like that.. i was thinking my short entry was based on H1 short entry, so i should exit based on H1 long entry.. thx you, i'm out of both positions... it's better to have small losses and re-enter when the conditions are right as at the moment it doesn't go my direction.. hahaha.. thx
  • #99,759
  • Dec 16, 2019 4:14am Dec 16, 2019 4:14am
Quoting moRTaL
{quote} Thx emm, i'm using TDI Pro (2016) setting for 1 Hour and below; and original TDI (2005) for 4H, Daily, Weekly & Monthly as per suggestion on the link in post99744. EDIT: {quote} yes, i also thought and see the high-low of AU H4, remembered that you posted several of those like that.. i was thinking my short entry was based on H1 short entry, so i should exit based on H1 long entry.. thx you, i'm out of both positions... it's better to have small losses and re-enter...

when you use the TDI_pro setting, the angle 12-2 and 4-6 will not work and you need to look more at the price bar and HA candle for it price action and use the Stoch cross and it angle 12-2 and 4-6 for the REVERSAL candle set up confirmation. The 12-2 and 4-6 angle was originally used in the old thread with the Stochastics. Big E used the same angle on his his TDI Post#25 and double confirmation.

AUDUSD Dec 16 M15 below,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #99,760
  • Dec 16, 2019 5:07am Dec 16, 2019 5:07am
Replying a few PMs with same question.
How to add moving average to the RSI in same sub-window.

This youtube video will explain.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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