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Trading Made Simple

  • #104,781
  • May 28, 2020 3:53am May 28, 2020 3:53am
Quoting emmanuel7788
{quote} Now you have two charts to study, before H4 candle close, {image} after H4 candle closed. {image} 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.
I see that happen all the time. You get a nice looking setup with steep angle at candle 1, you enter on the close of that candle to see TDI hooks over 5 minutes later and you are left with a nice drawdown position for hours or days where market just decided to go flat. How do you handle that? Do not care because SL is taking you out no matter what the market is doing or exit for that exact happening (exit if TDI hooks over gives you a check mark ...).
  • #104,782
  • May 28, 2020 4:00am May 28, 2020 4:00am
Quoting DrDave
{quote} 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.
Master Trader should be concern about his own trades. "Shit" is going to happen on USDCAD / USDCHF
  • #104,783
  • May 28, 2020 4:04am May 28, 2020 4:04am
Quoting emmanuel7788
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.
Well this is actually i ask my self all the time. If you say "waiting for action to happen" after came to the clue the market is sideways because x bars of that X time frame chart looks sideways, here is what happens to me

You get NO further TDI cross over that is following after what you call "action" is (please describe what you would want to wait/see).

Then you go from sideways to a first swing of a trending move again (i hope my explanation of that is corrrect) but you won´t see any more TDI cross over signal for that move until its over (pulls back again / might change direction / retraces / full reversal).

I actually never see a valid TDI signal if market is NOT sideways at that point. Either its trending and you get no signal (at least thats what it feels like to me) or either you get a signal but the market condition is "ranging" at that time...
  • #104,784
  • May 28, 2020 4:30am May 28, 2020 4:30am
Quoting lddd
{quote} Well this is actually i ask my self all the time. If you say "waiting for action to happen" after came to the clue the market is sideways because x bars of that X time frame chart looks sideways, here is what happens to me You get NO further TDI cross over that is following after what you call "action" is (please describe what you would want to wait/see). Then you go from sideways to a first swing of a trending move again (i hope my explanation of that is corrrect) but you won´t see any more TDI cross over signal for that move until its...

right now the action I am waiting for is the next H4 candle and see if there is breakout of the Master Candle ...CONSOLIDATION.

too difficult in M5, M15 and H1.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD May 28 H4 2AM candle 28-5-2020 7-24-42 pm.png Size: 69 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD May 28 multicharts 28-5-2020 7-17-15 pm.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,785
  • May 28, 2020 5:54am May 28, 2020 5:54am
GBPUSD May 28 H4

do you want to jump in now before this H4 closes?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD May 28 H4 6mins 28-5-2020 8-53-34 pm.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,786
  • May 28, 2020 6:04am May 28, 2020 6:04am
TMS Monitor May 28 H4 6AM PDT

break the 6AM rule and buy GBPUSD

or

trade H1 during the NY session till London close hour.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 28 H4 6AM PDT 28-5-2020 9-01-02 pm.png Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD May 28 multi-charts 28-5-2020 9-03-25 pm.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,787
  • May 28, 2020 8:33am May 28, 2020 8:33am
Quoting emmanuel7788
TMS Monitor May 28 H4 6AM PDT break the 6AM rule and buy GBPUSD or trade H1 during the NY session till London close hour. {image} {image}

GBPUSD May 28 H4 trade management

move SL to BE+, let market decide

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD May 28 H4 6AM trade BE 28-5-2020 11-30-29 pm.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,788
  • May 28, 2020 10:09am May 28, 2020 10:09am
Quoting emmanuel7788
{quote} right now the action I am waiting for is the next H4 candle and see if there is breakout of the Master Candle ...CONSOLIDATION. too difficult in M5, M15 and H1. {image} {image}
Yes but then what criteria legitimates such breakout to you, a single bar closed above/below you consolidation line? And if that happens wouldn‘t you have to wait if you also get a valid signal after the breakout was confirmed?

So then you get a signal/alert to take action in a consolidation area that you would skip because of the fact you are in consolidation and do what? Close that chart and wait for another signal?

So you might get a second signal for that market at a later stage.

What i notice is the following. As most currency pairs showing a much higher tendency of beeing in a consolidation period than actually showing smooth clear chart pictures with smooth swings of price action you either HAVE to take that „consolidation“ signals or you rarely get a signal which would allign with the right type of market condition (a clear trending structure).

So wouldn‘t it be much better to trade a strategy for intraday where indicators are build and tested for to perform well with actually NOT waiting for that trends where such trending condition is at that time already past Information at all?

Its like trying to trade with the trend in a established past trending market structure i was able to see from the past, in markets that more often do not trend a lot :-)

Its Kind a hard to grasp for me.
  • #104,789
  • May 28, 2020 12:48pm May 28, 2020 12:48pm
Quoting emmanuel7788
{quote} 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. {image} {image}
I would simply look at the smaller TF charts, looking for the IMT patterns for where the direction change is confirmed. Afterall, "action" on a higher timeframe is because of the "action" on lower timeframes. And when looking for "action" on timeframes that are quite far apart, as is often done on this thread, such as M5 and D1, VERY often the "action" on M5 is too "weak" to even make a ripple on D1.
To free Gazans of Hamas, use whatever it takes.
  • #104,790
  • May 28, 2020 12:55pm May 28, 2020 12:55pm
Quoting emmanuel7788
{quote} GBPUSD May 28 H4 trade management move SL to BE+, let market decide {image}
IMT/TDI traders have already analyzed ALL the charts and determined this is a good time to exit and take the profits because likely the up move is over and will begin moving down. No reason to wait for price to drop all the way back to BE.
To free Gazans of Hamas, use whatever it takes.
  • #104,791
  • May 28, 2020 2:09pm May 28, 2020 2:09pm
Quoting emmanuel7788
{quote} GBPUSD May 28 H4 trade management move SL to BE+, let market decide {image}
I wouldn’t want to see such trade hitting break even either once well In profit, No matter of TP still not reached.
  • #104,792
  • May 28, 2020 6:35pm May 28, 2020 6:35pm
Quoting eelfranz
Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy. Important to...

Quoting eelfranz
WHEN TO EXIT ----------------- OK there appears to be some confusion here... According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great. However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally. {image}
When to Exit?

we have Post#6 above

then we have Post#7612

and others ...

read all about it ... EXIT.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E on EXIT.png Size: 124 KB


Big E could not have tested all the possible exits and have the data to show us which gives the best results. Simply not possible.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,793
  • May 28, 2020 6:41pm May 28, 2020 6:41pm
There are many trade EXIT options which you can consider.
Not all of them were discussed in this thread.
Do you want to limit your trading to just 463 posts by the OP in this thread?

TMS_V19 has many contributions by other experienced TMS traders.
You can read about them in the SteveHopwood thread.
https://www.forexfactory.com/showthread.php?t=292301


Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 Exit Options 29-5-2020 8-36-10 am.png Size: 104 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,794
  • May 28, 2020 6:52pm May 28, 2020 6:52pm
Quoting lddd
{quote} I wouldn’t want to see such trade hitting break even either once well In profit, No matter of TP still not reached.

setting hard stops - SL and TP in your MT4 terminal is for your broker to see them.
use stealth mode for your own trade management in your trading server.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,795
  • May 28, 2020 9:41pm May 28, 2020 9:41pm
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.

Quoting emmanuel7788
{quote} Now you have two charts to study, before H4 candle close, {image} after H4 candle closed. {image} 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.

now another H4 chart to study the price action and the TDI #25

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD H4 TDI follows Close price 29-5-2020 10-09-27 am.png Size: 82 KB


and below with 22 mins to the H4 close, note the price bar and the TDI green price line

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Nay 29 22min to close 29-5-2020 12-37-53 pm.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,796
  • May 28, 2020 9:49pm May 28, 2020 9:49pm
TMS mini-charts

to those who PM and ask for this TMS mini-chart template,

here is the link:


Post #104,496

https://www.forexfactory.com/showthr...8#post12959528
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD mini-charts 29-5-2020 12-47-19 pm.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,797
  • May 28, 2020 10:04pm May 28, 2020 10:04pm
TMS Monitor May 28 H4 10PM PDT...

its Friday, if your trade this H4, then check again at the next i.e. 2AM May 29 PDT, and close by the 6AM.

do you see any pair with TDI tweak?

do not hold open H4 trade over the weekend, there is only one exception.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 29 H4 10PM PDT 29-5-2020 1-01-08 pm.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,798
  • May 29, 2020 1:48am May 29, 2020 1:48am
EURGBP May 29 H4

Do Not chase after the H4... the 10PM candle took off!

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP May 29 H4 10PM candle 29-5-2020 4-45-05 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,799
  • May 29, 2020 2:03am May 29, 2020 2:03am
Quoting emmanuel7788
TMS Monitor May 28 H4 10PM PDT... its Friday, if your trade this H4, then check again at the next i.e. 2AM May 29 PDT, and close by the 6AM. do you see any pair with TDI tweak? do not hold open H4 trade over the weekend, there is only one exception. {image}

TMS Monitor May 29 H4 2AM PDT

a few good 'signal' but it is Friday and also Weekly and Month End closing.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May 29 2AM PDT 29-5-2020 5-00-17 pm.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,800
  • May 29, 2020 2:09am May 29, 2020 2:09am
No need for trade chasing by you IMT/TDI traders. You earlybirds already saw the opportunity on EURGBP M5 and running up the pips!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
To free Gazans of Hamas, use whatever it takes.
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