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Trading Made Simple

  • #100,461
  • Feb 24, 2020 5:56pm Feb 24, 2020 5:56pm
Quoting emmanuel7788
{quote} 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...
Where is the rule described a setup is only confirmed by a close of the candle after TDI crossed?

It doesn’t really matter if you wait or not on these lower time frames. A M5 candle closed or not is absolute meaningless same with Support or Resistance.

You can use this as a extra filter / confirmation but it won’t change the probability of a successful trade outcome.
  • #100,462
  • Feb 24, 2020 5:56pm Feb 24, 2020 5:56pm
AUDJPY Feb 25 M15 SYD hours

trading lower timeframes always be caution with reaction at BRN , recent previous price action PPA swing high/swing lows , also those moving averages perceived as dynamic support and resistance (50EMA, 200EMA, ...)


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Feb 25 M15 SYD 2H 25-2-2020 7-51-11 am.png Size: 80 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,463
  • Feb 24, 2020 6:04pm Feb 24, 2020 6:04pm
Quoting lddd
{quote} Where is the rule described a setup is only confirmed by a close of the candle after TDI crossed? It doesn’t really matter if you wait or not on these lower time frames. A M5 candle closed or not is absolute meaningless same with Support or Resistance. You can use this as a extra filter / confirmation but it won’t change the probability of a successful trade outcome.

A technical trader setup is only confirmed when a bar/candle closed. The TDI Post#25 in this case of Trading Made Simple 5-Method is based on the Close price of the bar/candle. This applies to the timeframe you choose to base your trade decision.

However, some traders would trade H1 setups but will take a trade entry in M15 and not wait for the M15 bar/candle to close. This is one of the exception when traders do not wait for the lower timeframe bar/candle to close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,464
  • Feb 24, 2020 6:10pm Feb 24, 2020 6:10pm
Quoting emmanuel7788
AUDJPY Feb 25 M15 SYD hours trading lower timeframes always be caution with reaction at BRN , recent previous price action PPA swing high/swing lows , also those moving averages perceived as dynamic support and resistance (50EMA, 200EMA, ...) {image}
You are over analyzing things Emmanuel. I think the best you can do with such strategy is keeping your stops tight, always place one at every single trade and pray for the lord after thousands of such trades your loss is a bit smaller. That’s probably the holy grail to every strategy and will be the only thing making the difference between a long term losing trader and a winning one.
  • #100,465
  • Feb 24, 2020 6:20pm Feb 24, 2020 6:20pm
Quoting lddd
{quote} You are over analyzing things Emmanuel. I think the best you can do with such strategy is keeping your stops tight, always place one at every single trade and pray for the lord after thousands of such trades your loss is a bit smaller. That’s probably the holy grail to every strategy and will be the only thing making the difference between a long term losing trader and a winning one.

After looking at charts day-in day out for more than 10,000 hours I see many things without any over analyzing. I pull the trigger easily knowing the trade outcome is based on my positive Expectancy. There is no holy grail in technical trading strategy and methodology. Traders who uses tight stops will lose more than they will win.

Trading requires skills and experience. Those who rely on 'hope and pray' should consider spending their money on weekly PowerBall lottery.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,466
  • Feb 24, 2020 6:21pm Feb 24, 2020 6:21pm
Quoting emmanuel7788
{quote} A technical trader setup is only confirmed when a bar/candle closed. The TDI Post#25 in this case of Trading Made Simple 5-Method is based on the Close price of the bar/candle. This applies to the timeframe you choose to base your trade decision. However, some traders would trade H1 setups but will take a trade entry in M15 and not wait for the M15 bar/candle to close. This is one of the exception when traders do not wait for the lower timeframe bar/candle to close.
But this would only make sense if every trader on the world entering a position to the market would also WAIT for a X time frames candle to close before going in? Why should it otherwise give any value of confirmation? Confirmation for what exactly? Technical Analyse is not a proven statistical thing that every time x is on the chart x will be the outcome so all you can do at best is having your wins a bit larger than your losses like said.

if you suck at that even if you only entered 100000 times on a candle close you can still be losing money and the winning trader is net positive always NOT waited for what ever to be closed or not.
  • #100,467
  • Feb 24, 2020 6:34pm Feb 24, 2020 6:34pm
Quoting lddd
{quote} But this would only make sense if every trader on the world entering a position to the market would also WAIT for a X time frames candle to close before going in? Why should it otherwise give any value of confirmation? Confirmation for what exactly? Technical Analyse is not a proven statistical thing that every time x is on the chart x will be the outcome so all you can do at best is having your wins a bit larger than your losses like said. if you suck at that even if you only entered 100000 times on a candle close you can still be losing...
I stopped trading single entry / single exit trades...

and you know the main reason why I trade only Daily and Weekly charts and trade average price with multiple entries / multiple exits. It is a profitable way to grow an account and with a lot less time spend looking at charts.

when I want some excitement, I scalp E-Mini ... big bucks in 1 to 2 hours trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,468
  • Feb 24, 2020 7:49pm Feb 24, 2020 7:49pm
Quoting lddd
{quote} Where is the rule described a setup is only confirmed by a close of the candle after TDI crossed? It doesn’t really matter if you wait or not on these lower time frames. A M5 candle closed or not is absolute meaningless same with Support or Resistance. You can use this as a extra filter / confirmation but it won’t change the probability of a successful trade outcome.
You are right Iddd.
#6
Entries and exits...
We Enter a trade when green crosses red on the TDI at the beginning of that candle.

Nowhere has BigE wrote to entry a trade after the close of the candle after TDI crossed
Read Post 97,082
  • #100,469
  • Feb 24, 2020 10:46pm Feb 24, 2020 10:46pm
Quoting Tekkies
{quote} You are right Iddd. #6 Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle. Nowhere has BigE wrote to entry a trade after the close of the candle after TDI crossed Read Post 97,082

hey Tekkies

you are having sleepless night readin this thread at 3AM!
is it because of the losses suffered yesterday? don't worry, you have 4 more trading days this week to make up for those losses.

your Post 97,082 is another clutter in this thread with repeat cut-and-paste of the OP's post.

you wrote #6 which is correct when you use the TDI version in Post#25. The logic is when a bar/candle closed, that TDI#25 will update and paint the green and red lines, this means the green and red lines depends on the bar/candle Close price. The trade entry then is when the next bar/candle open or the beginning of the next new bar/candle. I think the English written is simple and clear to interpret.

See below charts for examples comparing the two different version of the TDI in the same sub-window.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Feb 24 M15 TOK 5H 25-2-2020 11-59-27 am.png Size: 80 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Feb 25 M15 1259 25-2-2020 12-32-12 pm.png Size: 70 KB


Have Fun trading today and watch those price GAPs they give false 'signals'.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,470
  • Feb 25, 2020 3:24am Feb 25, 2020 3:24am
DAX M5 scalping

instead of using custom indicator like the TDI I used the common indicator MACD to replicate the TDI green and red zones.
using triple MACDs to scalp 5-minute ... Follow the Daily candle.
today's entries are near where I exited yesterday's trades. Nice 1-2-3 on M5 ...
this week's profits exceeded my this month' CashFlow goal.

Attached Image (click to enlarge)
Click to Enlarge Name: DAX Feb 25 M5 scalping 25-2-2020 5-15-36 pm.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,471
  • Feb 25, 2020 4:32am Feb 25, 2020 4:32am
Quoting emmanuel7788
DAX M5 scalping instead of using custom indicator like the TDI I used the common indicator MACD to replicate the TDI green and red zones. using triple MACDs to scalp 5-minute ... Follow the Daily candle. today's entries are near where I exited yesterday's trades. Nice 1-2-3 on M5 ... this week's profits exceeded my this month' CashFlow goal. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DAX Feb 25 M5 scalping 25-2-2020 5-15-36 pm.png Size: 25 KB


DAX M5 scalping update

with more profit locked, move my TP exit at the last low... being greedy!

Attached Image (click to enlarge)
Click to Enlarge Name: DAX Feb 25 M5 scalping new low target 25-2-2020 6-28-30 pm.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,472
  • Feb 25, 2020 5:07am Feb 25, 2020 5:07am
Hello Emmanuel. Can you please share the macd cloud and settings or even better, your tpl?.
Cheers,
Keansajeweki
  • #100,473
  • Feb 25, 2020 5:20am Feb 25, 2020 5:20am
Quoting emmanuel7788
{quote} {image} DAX M5 scalping update with more profit locked, move my TP exit at the last low... being greedy! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: DAX Feb 25 M5 scalping new low target 25-2-2020 6-28-30 pm.png Size: 23 KB


DAX M5 scalping... today's target hit. Done scalping Euro session today. Now wait for NY open and see if I find something in the clouds...

Attached Image (click to enlarge)
Click to Enlarge Name: DAX Feb 25M5 scalping target hit 25-2-2020 7-02-28 pm.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,474
  • Feb 25, 2020 5:22am Feb 25, 2020 5:22am
Quoting keansajeweki
Hello Emmanuel. Can you please share the macd cloud and settings or even better, your tpl?. Cheers, Keansajeweki

sure, those MT5 indicators - HeikenAshi APB, MACD-cloud 3 versions, etc.

do you have MT5 installed? if you do.

I will post them later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,475
  • Feb 25, 2020 5:41am Feb 25, 2020 5:41am
I do have MT5 demo, but MT4 live
  • #100,476
  • Feb 25, 2020 5:43am Feb 25, 2020 5:43am
And if possible, the rules to trade the 5min
  • #100,477
  • Feb 25, 2020 5:51am Feb 25, 2020 5:51am
Quoting keansajeweki
I do have MT5 demo, but MT4 live
here, I use https://www.ampfutures.com/

you can also open a Demo account and trade futures.


Quoting keansajeweki
And if possible, the rules to trade the 5min
rules are simple and few. .. it is 5-minute scalping with Trading Made Simple 5-Method ... Price Action with HA candles and 5EMA as direction, MACD clouds 3x to replicate the TDI in three timeframes.

I will post some trades starting next week, new month, new CashFlow $$$target , no need to spend hours in front of computer, just trade Follow Daily candle when Europena session opens and when NewYork session opens... 1 to 2 hours maximum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #100,478
  • Feb 25, 2020 6:05am Feb 25, 2020 6:05am
Thank you Emmanuel, but i didn't see the 5 EMA on your charts.
I did download the MACD cloud, can you give me the settings please, although i think i have another one then you have
  • #100,479
  • Feb 25, 2020 6:44am Feb 25, 2020 6:44am
Quoting emmanuel7788
{quote} sure, those MT5 indicators - HeikenAshi APB, MACD-cloud 3 versions, etc. do you have MT5 installed? if you do. I will post them later.
Emmanuel , do MT4 have this MACD cloud indicator and how do they work or function ? Possible to have the indicator and the setting you are using or template ? Besides that , is it possible to day trade or swing trade using this indicator or perhaps it is suitable to be used in certain time frame only ?
  • #100,480
  • Feb 25, 2020 11:01am Feb 25, 2020 11:01am
Quoting emmanuel7788
{quote} I stopped trading single entry / single exit trades... and you know the main reason why I trade only Daily and Weekly charts and trade average price with multiple entries / multiple exits. It is a profitable way to grow an account and with a lot less time spend looking at charts. when I want some excitement, I scalp E-Mini ... big bucks in 1 to 2 hours trading.
Well but you tend to sound like all other ways than your way would be wrong. There is no right or wrong.

If you say less time spend looking at charts, that can be solved with no matter what time frame you trade if you pre define your trading hours. If for example your plan is laid out to only let you trade 2 hours every day and you stick to it disciplined, it’s not possible you end up watching charts for 4 hours unless you not break your own rules. Then it should be no matter if you enter trades on M5 or a weekly chart your time spend is already defined.
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