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Trading Made Simple

  • #100,441
  • Feb 21, 2020 7:42am Feb 21, 2020 7:42am
Quoting Tekkies
{quote} Stop being a fake emmanuel. Post 100,422: well it did not fall like a brick... who said that!

hey Tekkies

you are confused and you even forgot what you wrote in your post #100,415... and it was Feb 17 ... LOL.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #100415 21-2-2020 9-40-16 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,442
  • Feb 21, 2020 9:55am Feb 21, 2020 9:55am
Quoting emmanuel7788
{quote} Hi axl Yes, the same chart template is used for trading all timeframes including the Daily and Weekly. The key components are the APB/HA candle, the 5EMA Typical Price, Shift+3, the Stoch(8,3,3) and the default TDI in Post#25. You can simply use the Stochastics and RSI common indicators available in most trading platforms and there is really no need for customs indicators. Why the Traders Dynamic Index aka TDI was created was for marketing and making money selling systems and custom indicator. The Stochastics...

Hi emm,I remember there's been debates about switching Shift+3 to +2 or back.What's the deal?
Whether you think you can, or you think you can't,you're right. H.F.
  • #100,443
  • Feb 21, 2020 10:34am Feb 21, 2020 10:34am
Quoting Simply-Me
{quote} Hi emm,I remember there's been debates about switching Shift+3 to +2 or back.What's the deal?
Big E said use either +2 or +3. It is easy enough to put them both on charts and see which one is better for you personally to use.
To free Gazans of Hamas, use whatever it takes.
  • #100,444
  • Feb 21, 2020 1:32pm Feb 21, 2020 1:32pm
Trading result on EUR/AUD this week, 144 pips , missed some trades as its my sleeping time in the Asian session
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-02-21_22-21-28.jpg Size: 358 KB
I Have Learned to Take Some Losses to Make Profits
  • #100,445
  • Edited 5:37am Feb 22, 2020 5:26am | Edited 5:37am
Quoting TheScorpS
Trading result on EUR/AUD this week, 144 pips , missed some trades as its my sleeping time in the Asian session {image}
Hi TSS

very good trades!

you make it look simple and easy however what many do not see is the 7 years of hard work you spent in practising and making it work for you.

you have the yellow market base line and the 50-level on your chart, how do you use these when trading H1?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,446
  • Feb 22, 2020 5:37am Feb 22, 2020 5:37am
Quoting Simply-Me
{quote} Hi emm,I remember there's been debates about switching Shift+3 to +2 or back.What's the deal?
Hi Simply-Me

Yes, there were some question asked in the old thread whether it is Shift+2 or Shift+3. I recall when Big E started with the Synergy trading system, he used the 5SMMA High-Low what is known as the Price Action channel. He replaced that PAC with a 5EMA Typical Price Shift+2 then changed that to Shift+3. The 5EMA is from another system in FF.

I has used both before and find very little difference between the two. The Price Action remains the same - the Swing High and Swing Lows, the REVERSAL candles, are still the same therefore the trade setups and entry based on Price Action remains the same for both shift+2 and +3.

Example of both on the chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 5EMA shift2 compare Shift3.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,447
  • Feb 22, 2020 6:15am Feb 22, 2020 6:15am
Hi, can anyone help me with this? I think my trade would have been allowed to run and would have hit my TP, but it was stopped out early and lost, is this because Im viewing the selling price, the bid price is higher and not visible on my chart and that's what outted my trade by touching my stop loss?
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  • #100,448
  • Feb 22, 2020 7:31am Feb 22, 2020 7:31am
Quoting SidneyMagal
Hi, can anyone help me with this? I think my trade would have been allowed to run and would have hit my TP, but it was stopped out early and lost, is this because Im viewing the selling price, the bid price is higher and not visible on my chart and that's what outted my trade by touching my stop loss? {image}
You were trading in a ranging market.
With out TDI and Stoch (see post#25) on chart there is not much to work with.
  • #100,449
  • Feb 22, 2020 7:41am Feb 22, 2020 7:41am
Quoting SidneyMagal
Hi, can anyone help me with this? I think my trade would have been allowed to run and would have hit my TP, but it was stopped out early and lost, is this because Im viewing the selling price, the bid price is higher and not visible on my chart and that's what outted my trade by touching my stop loss? {image}
Yes the spread widened which stopped out your trade. Some brokers' spread widens at the close of NY, nd at volatile moments like news. As you had in a sell you will come out at the ask price. A buy order goes in at the ask price and out at the bid and vice versa for sells.
Success means going from failure to failure without loss of enthusiasm
  • #100,450
  • Feb 22, 2020 9:29pm Feb 22, 2020 9:29pm
Quoting SidneyMagal
Hi, can anyone help me with this? I think my trade would have been allowed to run and would have hit my TP, but it was stopped out early and lost, is this because Im viewing the selling price, the bid price is higher and not visible on my chart and that's what outted my trade by touching my stop loss? {image}

Hi Sidney

just one post above, member lisat gave you a good explanation to help you.

but if you want to see both the Bid and Ask price levels on your MT4 chart, you can select the check-box in your chart properties.

You chart shows quite a few price gaps - both small and big ones, these can kill many trades on top of the wider spreads.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD M5 Bid Ask price.png Size: 46 KB


also take note that you are trading M5 during the early morning open hours of the Sydney Open. During the first 2 hours of the Sydney session liquidity is usually very thin until the Tokyo session opens. Also on the Feb 20 is Employment data release DownUnder schedule in local morning market and it is riskier to trade before that data release.
Check you Daily chart and see if you missed something else.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,451
  • Feb 22, 2020 9:45pm Feb 22, 2020 9:45pm
Hi, sorry I guess I'm really joining this party late.
Emmanuel, I'm confused. Could you please give some example that showing the difference between ranging and consolidating market? I just want to understand better what you mean...Thanks!

Quoting emmanuel7788
{quote} hey Tekkies couple of post back I was talking about USDSGD Daily chart and when SingDollars weakens further and made a new 2020 high. chart below. your observation in lower timeframes like H1 is correct and price do react at big round numbers like the 1.39000 but it did not 'fall like a brick'. Therefore I said: we trade what we see and not what we think or what we expect. {image} Now study this update chart below Feb 21 Open, look at both the Stoch and the TDI#25 and compare them to the price action above, under the current markt conditions,...
  • #100,452
  • Feb 22, 2020 9:53pm Feb 22, 2020 9:53pm
Quoting Tekkies
{quote} You were trading in a ranging market. With out TDI and Stoch (see post#25) on chart there is not much to work with.

hey Tekkies

the market was ranging? are you sure?

the trading time was Sydney early morning ... first 2 hours very low liquidity.

the issue was the member did not see the difference between the Bid and Ask prices when he was trading and that has nothing with do with TDI and Stoch. I learned why Big E traded the H4 10PM, 2AM and 6AM candle time. He close his trades at 6AM for good reasons.

well I do my usual weekend POMO and learn from hindsight which will help me develop my foresight when I am trading in live market realtime mode.

Daily POMO - Price Action

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Feb 19 to 22 POMO Daily 23-2-2020 11-34-41 am.png Size: 52 KB


H4 POMO - Price Action

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Feb 19 to 22 POMO H4 23-2-2020 11-39-23 am.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,453
  • Edited 2:40am Feb 23, 2020 1:55am | Edited 2:40am
FYI: Multitimeframe Multi Currency Pair TDI Dashboard

https://www.mql5.com/ru/code/24261

enjoy..

EDIT: for MT5
  • #100,454
  • Feb 23, 2020 2:56am Feb 23, 2020 2:56am
Quoting moRTaL
FYI: Multitimeframe Multi Currency Pair TDI Dashboard https://www.mql5.com/ru/code/24261 enjoy.. EDIT: for MT5
Hi

For MT4(Originally from LUA):

http://fxcodebase.com/code/viewtopic...cp+tdi#p115784

Enjoy.
Don't limit yourself!!
  • #100,455
  • Feb 23, 2020 4:29pm Feb 23, 2020 4:29pm
Week 09 Feb 23 to Feb 28

The market is open again. Have you done your weekend homework and have your trading plans ready?

Here is a little motivation and reminder that trading requires your dedication to work hard and work diligently. Do Not let what people say in public forums affect you and your trading. Find a proven trading methodology and develop that into your own trading systems that fits you only. Develop 3 trading systems based on low risk ideas and to be able to trade in different market type conditions.

My Trade Report for last week's 5 trading days which is also the first 5-days of my 3rd 20-Trading Days Cycle.
I closed my 2nd 20-Days Trading Cycle Feb 3 to Feb 14 having achieved my $money goal in 10-trading days.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Feb 16 to 22 24-2-2020 6-18-57 am.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,456
  • Feb 23, 2020 4:40pm Feb 23, 2020 4:40pm
Quoting SidneyMagal
Hi, can anyone help me with this? I think my trade would have been allowed to run and would have hit my TP, but it was stopped out early and lost, is this because Im viewing the selling price, the bid price is higher and not visible on my chart and that's what outted my trade by touching my stop loss? {image}
Hi Sidney

today's M5 example of the spread -Bid-Ask

and also the weekend price GAP between Friday NY Close and Sunday NY 5pm open

if anyone trade blindly and 'Follow TDI' they will 'lose their shirts'.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Feb 24 Sydney Open Bid-Ask and GAP 24-2-2020 6-31-12 am.png Size: 240 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,457
  • Feb 24, 2020 3:35am Feb 24, 2020 3:35am
Follow TDI.
Download BigE full.pdf.
Study, practice, learn.
The angle of TDI green is extremly import to this method.
When TDI green is about to crossover apply post#647 and place the trade.
Attached Image


More examples.
Attached Images
  • #100,458
  • Feb 24, 2020 5:11am Feb 24, 2020 5:11am
Today is an easy day as market sentiments dictate. Done is less one hour scalping 5minutes.
Follow Daily candle Open and M5 price action

Attached Image (click to enlarge)
Click to Enlarge Name: NQ and DAX M5 trades 24-2-2020 7-07-07 pm.png Size: 18 KB



Attached Image (click to enlarge)
Click to Enlarge Name: NQ and DAX Daily 24-2-2020 7-13-00 pm.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,459
  • Feb 24, 2020 3:38pm Feb 24, 2020 3:38pm
Quoting Tekkies
Follow TDI. Download BigE full.pdf. Study, practice, learn. The angle of TDI green is extremly import to this method. When TDI green is about to crossover apply post#647 and place the trade. {image} More examples. {image} {image}

hey Tekkies

The angle of the TDI version in Post#25 only paints/updates when the bar/candle closed.
The angle or the slope of the TDI Green line which is basically the EMA(2) of the RSI(13) data represent the momentum of the price. This is very important when we want to trade reversal entry with APB/HA candle #1 and #2. In the case of some trade setup entries during the APB/HA#1, the TDI green does not need to cross the red, you need to see the Price Action of the REVERSAL which has to be confirm with both the Stoch and TDI signals.

You should study some of the H1 trades by TheScorpS Post#100,446 above.
In your case, you trade M5 which is even more important that you learn to trade more by looking at the Price Action and also Support/Resistance.

Both your M5 trades - USDCHF and EURUSD show that you buy into nearby resistance and sell in nearby support on both your charts. Zoom out and see if there were any recent support and resisntance in the Asian session and also previous days. You mentioned apply Post#647 but you did not.

GBPUSD is a good trade but you entered during the breakout candle. Risky entry during an active candle and not waiting for the candle to close when you ar trading based on your version TDI cross because that TDI can 'uncross' if the price closes with a strong pull back.

basic rule: Always wait for the trade setup to be confirm when that bar/candle time closed.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #100,459 trades 25-2-2020 5-12-55 am.png Size: 261 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,460
  • Feb 24, 2020 3:58pm Feb 24, 2020 3:58pm
Trading the DOW

a lot talk about the market since New York open on Sunday 5pm.

DOW open gap down and fell ...

while there are plenty of M5 scalping every day, there is one opportunity to wait for i.e. fill that GAP when price approach those two levels.
same basic TradingMadeSimple - PA is HA candles, direction is 5EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: DOW Week Open GAP trade 25-2-2020 5-49-48 am.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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