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  • #104,761
  • May 28, 2020 2:37am May 28, 2020 2:37am
Quoting kd1
{quote} Yes By Following the Big E's simple Rule.. Green Cross Red...Entry on 1st or 2nd Candle..it was a perfect entry example
Did you apply Post#647 to the H1 setup?
What did you look at?
  • #104,762
  • May 28, 2020 2:51am May 28, 2020 2:51am
Quoting Tekkies
{quote} Iddd, would you trade this setup? (Give reasons for yes or no) {image}
Well not sure. The M15 cross over probably not. Good angle on H1, weaker on M15 (at time of the screen, not sure if it used to be the same at time of the signal).

Now thats only my conclusion after viewing this little coutout of the screen and only if i would have want to enter on M15.

I am not sure about how i would determine any market condition from that. So if i would want to enter on M15 here i would probably only have looked at one chart up (so H1) and see H1 has printed a bullish candle at that time too and there is quiet a bit room untit that last swing high (resistance) for H1 to give the M15 trade some room to play out.

But because i always have to skip through tons of charts in a random fashion each day having no clear defined trading plan what markets to watch and no working alert in place giving those alerts on time (and for what time frame) then i might have been chasing the trade again at a late/wrong point.

Just according to the filter rule it has to be a 12-1 clock angle TDI setup at time of the cross over, no trade from that. But thats also kind a subjective to me because i could have resized my MT4 windows and that angle would have been steeper or weaker? ...

  • #104,763
  • May 28, 2020 2:54am May 28, 2020 2:54am
Quoting apin85
Hi, For all senior traders who already familiar with this concept, I'd like to ask. From what I've read, there's no such rule that says : whenever we see signal from TDI valid (e.g. green line above red for long), we still have to wait H4 candle close first to confirm TDI signal. Is it true that we don't have to wait for closed H4 candle? It yes, does it mean whenever we see signal from TDI, then find 'best' place from lower TF? Could someone help me on this? Thanks before.
There is no such rule.
Read 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
-----
Do you think BigE would wait four hours for that bar to close and then only place a trade?
What does those red words mean to you?
----
BigE did not check other time frame's. We (at least Tekkies) use M15 to confirm that H1 will also go with the new trend that M15 has started.
  • #104,764
  • Edited 3:44am May 28, 2020 3:00am | Edited 3:44am
Quoting lddd
{quote} Well not sure. The M15 cross over probably not. Good angle on H1, weaker on M15 (at time of the screen, not sure if it used to be the same at time of the signal). Now thats only my conclusion after viewing this little coutout of the screen and only if i would have want to enter on M15. I am not sure about how i would determine any market condition from that. So if i would want to enter on M15 here i would probably only have looked at one chart up (so H1) and see H1 has printed a bullish candle at that time too and there is quiet a bit room...
Analyze paralyze Iddd?

Why all the uncertainty?
By what you have posted you do know what to look for, but you do not know how to apply that to your trading.
Do not over analyze the chart, when one rule is broken, walk away from that pair.
BigE only trade eight pairs, so trade only eight pairs, one of those will give you a setup to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: thgtrfr.PNG Size: 52 KB

Edit:
- Alert given.
- Open "alert" pair (do not refresh chart).
- open H1 chart, change pair.
- check set up.
- place trade or walk away.
- do what you like to do and when alert sound repeat.
Found your own way to trade this market.
Attached Image (click to enlarge)
Click to Enlarge Name: erdered.PNG Size: 106 KB
  • #104,765
  • May 28, 2020 3:07am May 28, 2020 3:07am
Quoting apin85
Hi, For all senior traders who already familiar with this concept, I'd like to ask. From what I've read, there's no such rule that says : whenever we see signal from TDI valid (e.g. green line above red for long), we still have to wait H4 candle close first to confirm TDI signal. Is it true that we don't have to wait for closed H4 candle? It yes, does it mean whenever we see signal from TDI, then find 'best' place from lower TF? Could someone help me on this? Thanks before.

which TDI version do you use?

Post a chart and I will explain what you do with Price Action and the trigger.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,766
  • May 28, 2020 3:20am May 28, 2020 3:20am
Quoting Tekkies
{quote} Iddd, would you trade this setup? (Give reasons for yes or no) {image}

I would simply 'zoom' out and see the bigger picture on just one screen.

support nearby - YES
resistance nearby - YES

market is narrow range sideways waiting for action to happen.. when the action starts, we follow.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD May 28 D1 H4 H1 M15 minicharts 28-5-2020 4-15-52 pm.png Size: 48 KB
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,767
  • May 28, 2020 3:34am May 28, 2020 3:34am
Quoting Tekkies
{quote} There is no such rule. Read 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 ----- Do you think BigE would wait four hours for that bar to close and then only place a trade? What does those red words mean to you? ---- BigE did not check other time frame's. We (at least Tekkies) use M15 to confirm that H1 will also go with the new trend that M15 has started.
Hi Tekkies,

Thanks, I think I got where I missed. Thanks for pointing out.
  • #104,768
  • May 28, 2020 3:36am May 28, 2020 3:36am
Quoting emmanuel7788
{quote} which TDI version do you use? Post a chart and I will explain what you do with Price Action and the trigger.
Hi Emmanuel,

I use the TDI Red Green from BigE. For this moment I try to read the pdf and record the play first.
This is to help me playback something that I missed.
If I see, what I thought setup, I will capture it and post it later.
Thanks for the help.
  • #104,769
  • May 28, 2020 3:37am May 28, 2020 3:37am
Quoting Tekkies
{quote} Analyze paralyze Iddd? Why all the uncertainty? By what you have posted you do know what to look for, but you do not know how to apply that to your trading. Do not over analyze the chart, when one rule is broken, walk away from that pair. BigE only trade eight pairs, so trade only eight pairs, one of those will give you a setup to trade. {image}

Allow me to offer you folks another view.

I start my trading day looking at my Daily charts and I update my daily trade plan.

Today, I looked at D1 closed yesterday and I see an Inside Bar close May 27... that is consolidation. Then I see both the price and HA candle PA above its 5EMA, I take a Buy bias. I also see a most recent 1-2-3 and this would give me more confidence to pick the buy above point 2 while TMS_V19 says, '''please wait '''.... wait for the best M5 set up for a Buy entry with 2xATR(100) as SL and 5xATR(100) as TP, and manage with CandleStickTrailingStop thereafter. Let the market decide.

Having done all these, I can still be wrong. Heck ... shit happens!

Keep It Simple.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD May 28 D1 w M5 TMS_V19 28-5-2020 4-24-03 pm.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,770
  • May 28, 2020 3:48am May 28, 2020 3:48am
Quoting apin85
{quote} Hi Emmanuel, I use the TDI Red Green from BigE. For this moment I try to read the pdf and record the play first. This is to help me playback something that I missed. If I see, what I thought setup, I will capture it and post it later. Thanks for the help.

Hi

very well, then I wait for your charts.

but now, look at this GBPAUD H4 which will close in 13 minutes ...

look at the price action and the Stoch and the TDI lines.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD May 28 H4 closing in 13mins 28-5-2020 4-46-20 pm.png Size: 46 KB


maybe this zoom-in chart is clearer:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD May 28 H4 1650 28-5-2020 4-49-37 pm.png Size: 44 KB


and the 10PM candle alert,

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 28 10PM 28-5-2020 4-52-04 pm.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,771
  • May 28, 2020 4:04am May 28, 2020 4:04am
Quoting emmanuel7788
TMS Monitor May 28 H4 10PM PDT if you see anything you have in your trade plan, go for it! there is enough time till the next big news ... I picked one ... "picking bottom" trade. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 28 H4 10PM PDT 28-5-2020 1-11-29 pm.png Size: 35 KB


TMS Monitor May 28 H4 2AM PDT

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 28 H4 2AM PDT 28-5-2020 5-00-16 pm.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,772
  • May 28, 2020 4:07am May 28, 2020 4:07am
Quoting emmanuel7788
{quote} Hi very well, then I wait for your charts. but now, look at this GBPAUD H4 which will close in 13 minutes ... look at the price action and the Stoch and the TDI lines. {image} maybe this zoom-in chart is clearer: {image} and the 10PM candle alert, {image}

I was watching this pair if it shows any technical indication of reversing. At this point, in my point of view, not yet...

Attached Image (click to enlarge)
Click to Enlarge Name: tdi_variation.png Size: 72 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #104,773
  • May 28, 2020 4:07am May 28, 2020 4:07am
USDCAD May 28 H4 10PM candle trade

sitting for 3 hours while the H4 went through retracement after an entry is a 'shit feeling'. you need to be mentally fit and to know how to cope with this 'shit feeling'.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD May 28 H4 10PM trade update 28-5-2020 5-04-56 pm.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,774
  • May 28, 2020 4:16am May 28, 2020 4:16am
related to Post 104,766
Attached Image (click to enlarge)
Click to Enlarge Name: simplewwww.PNG Size: 65 KB
  • #104,775
  • May 28, 2020 4:19am May 28, 2020 4:19am
Quoting apin85
{quote} Hi Emmanuel, I use the TDI Red Green from BigE. For this moment I try to read the pdf and record the play first. This is to help me playback something that I missed. If I see, what I thought setup, I will capture it and post it later. Thanks for the help.

Now you have two charts to study,

before H4 candle close,

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD May 28 H4 1650 28-5-2020 4-49-37 pm.png Size: 44 KB


after H4 candle closed.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD May 28 H4 10PM candle closed 28-5-2020 5-13-09 pm.png Size: 53 KB


using the TDI Red Green in Post#25, it updates ONLY when the candle closed.

during the active candle, it shows the previous candle status ... the green line does not update during the active candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,776
  • May 28, 2020 5:11am May 28, 2020 5:11am
Quoting Tekkies
related to Post 104,766 {image}
basically you are trading M15 and ignoring the H1.

you are selling into the Daily Open which is also today' intraday support

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #104,776 chart 28-5-2020 6-00-18 pm.png Size: 241 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF May 28 M15 multi-charts 28-5-2020 6-12-35 pm.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,777
  • May 28, 2020 5:21am May 28, 2020 5:21am
USDCHF May 28 M15 trade

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF May 28 M15 buy entry 28-5-2020 6-18-52 pm.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,778
  • May 28, 2020 5:25am May 28, 2020 5:25am
Quoting Tekkies
{quote} Analyze paralyze Iddd? Why all the uncertainty? By what you have posted you do know what to look for, but you do not know how to apply that to your trading. Do not over analyze the chart, when one rule is broken, walk away from that pair. BigE only trade eight pairs, so trade only eight pairs, one of those will give you a setup to trade. {image} Edit: - Alert given. - Open "alert" pair (do not refresh chart). - open H1 chart, change pair. - check set up. - place trade or walk away. - do what you like to do and when alert sound repeat. Found...
Yes, analysis paralysis. You name it. It probably comes as a side effect following this thread for to long already + not finding a true understanding of how to apply all the "basics" written in post #647 (by proven facts/data). Not just a few claims on a public forum. There is a lot of subjectivity that comes with it for my taste which makes it a struggle for me to deal with in any effecient way that can be applied not just one day but also the next day and so on.

I will see trying to do what you suggest again by putting on those 8 markets side by side and installing the alert for M15 cross overs.

Anyways i donīt know what refreshing or not refreshing a chart play a role here because i never ever traded a price bar happened in the past, i always enter on the price tick which is still not there at that time

So i guess this is only if i would like to retrieve some valid data about the indicators to backtest setups at a later stage? Ok.

But the real struggle is really to me with how to build a routine/trading plan around it. Not only covering the very few aspects of an indicator but also giving clues about what kind of TP/SLs to use how to deal with over trading, quick example. I could set up fixed hours and trade every signal, i could set up no hours and trade every signal, i could set up fixed hours and cherry pick what ever signals looks best to my subjective criteria after it gave the signal and so on.

I am out of that UCAD trade by the way yesterday evening already, booked in a -$700. Monday and Tuesday was about the same but positive. So i am break even after 5 trades this week. Today i wasnīt doing anything. I already see my self entering on something stupid tomorrow and ending up negative for the week, hah...
  • #104,779
  • May 28, 2020 5:40am May 28, 2020 5:40am
Quoting emmanuel7788
{quote} basically you are trading M15 and ignoring the H1. you are selling into the Daily Open which is also today' intraday support {image} {image}
If his TP is his usual 10 pips, then the support below might not let price go the full 10 pips plus spread. I would reduce TP to just 5 pips. Also, it is HIGHLY likely that the down swing is just a pullback, so not expected to go down much anyway.
To free Gazans of Hamas, use whatever it takes.
  • #104,780
  • May 28, 2020 5:44am May 28, 2020 5:44am
Quoting lddd
{quote} Yes, analysis paralysis. You name it. It probably comes as a side effect following this thread for to long already + not finding a true understanding of how to apply all the "basics" written in post #647 (by proven facts/data). Not just a few claims on a public forum. There is a lot of subjectivity that comes with it for my taste which makes it a struggle for me to deal with in any effecient way that can be applied not just one day but also the next day and so on. I will see trying to do what you suggest again by putting on those 8 markets...
Good idea not to trade.
Month end, looking at all eight charts (M15 + H1), the market overall is in consolidation.
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