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Trading Made Simple

  • #107,041
  • Aug 2, 2020 5:45pm Aug 2, 2020 5:45pm
Week 32 Aug 03 to Aug 07

GBPUSD Aug 03 Sydney Open

notice the weekend gap down ...

don't be too eager to trade now.

wait till the Frankfurt/London sessions open.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD AUg 03 SYD OPEN 3-8-2020 6-41-30 am.png Size: 212 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,042
  • Edited 8:26pm Aug 2, 2020 6:48pm | Edited 8:26pm
I trade the EUR/USD
ook at TID when the green line goes through the red light H1 closed the green candle, stock showed buy signal as shown below I enter the buy order immediately after closing the H1 candle but as you can see, the next h1 price went upside down and I lost 10pip I think this method is just luck not king
or reduce the loss or how to know the price is running backwards
reduce the loss or how to know the price is running backwards
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  • #107,043
  • Aug 3, 2020 1:16am Aug 3, 2020 1:16am
Quoting lddd
{quote} Thanks a lot Dave. Found out it used to be the Pip-Counter indicator. That one probably has some kind of function in it to delete objects from the chart on x event. Currently looking for a alternative one. best regards.
You have the mq4 file, search for ObjectDelete(0,"xxxxx"); (xxxx object name) or a function like DeleteAll(10);
  • #107,044
  • Aug 3, 2020 1:18am Aug 3, 2020 1:18am
Quoting tuank13e
I trade the EUR/USD ook at TID when the green line goes through the red light H1 closed the green candle, stock showed buy signal as shown below I enter the buy order immediately after closing the H1 candle but as you can see, the next h1 price went upside down and I lost 10pip I think this method is just luck not king or reduce the loss or how to know the price is running backwards reduce the loss or how to know the price is running backwards {image}
Don’t trade blindly. TDI cross is just confirmation signal. You have to see the Price Action: trend, R/S, consolidation, price open/close,etc. Remember You are never win all your entries. Of course, I am not pro at trading but i’m learning every day. Let’s read and learn from Emmanuel7788’s post.
"Successful investing takes time, discipline and patience."-Warren Buffet
  • #107,045
  • Aug 3, 2020 2:14am Aug 3, 2020 2:14am
Quoting tuank13e
I trade the EUR/USD ook at TID when the green line goes through the red light H1 closed the green candle, stock showed buy signal as shown below I enter the buy order immediately after closing the H1 candle but as you can see, the next h1 price went upside down and I lost 10pip I think this method is just luck not king or reduce the loss or how to know the price is running backwards reduce the loss or how to know the price is running backwards {image}

the market condition did not look suitable for trading at that time and your TDI indicate PA consolidation.

Trading the London Session is the best in my opiniion... lots of movement. Unfortunately it starts late at night in the United States.

Quoting eelfranz
For you newer folks... Trading the London Session is the best in my opiniion... lots of movement. Unfortunately it starts late at night in the United States. That's a major reason you want to learn trading the 4 hour or Daily charts using this method. If your serious you'll use an alarm at the next 4hr candle that appears. It will only take 10 min. to check for trades you need to close or open. At first I thought "what a pain in the keester" however it turned out to be no big deal and the pips piled in ! I thought... what a fabulous discovery......

Quoting eelfranz
For you newer folks... Trading the London Session is the best in my opiniion... lots of movement. Unfortunately it starts late at night in the United States. That's a major reason you want to learn trading the 4 hour or Daily charts using this method. If your serious you'll use an alarm at the next 4hr candle that appears. It will only take 10 min. to check for trades you need to close or open. At first I thought "what a pain in the keester" however it turned out to be no big deal and the pips piled in ! I thought... what a fabulous discovery......
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,046
  • Aug 3, 2020 3:09am Aug 3, 2020 3:09am
EURUSD Aug 03 H4

I see "support' being tested at the moment...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Aug 03 H4 w Daily 3-8-2020 4-05-58 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,047
  • Aug 3, 2020 3:36am Aug 3, 2020 3:36am
GBP/USD 1H

sell... -40 pips SL
Attached Image (click to enlarge)
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  • #107,048
  • Aug 3, 2020 4:01am Aug 3, 2020 4:01am
Quoting drsun
{quote} Don’t trade blindly. TDI cross is just confirmation signal. You have to see the Price Action: trend, R/S, consolidation, price open/close,etc. Remember You are never win all your entries. Of course, I am not pro at trading but i’m learning every day.
You are a little mixed up. (It's no wonder, with all of the wrong information that FakeTrader posts.) BigE said TDI is the heart of the system and the STOCHASTIC isused for confirmation. If he did not see a TDI green x red, he had nothing to evaluate.

And
Quoting drsun
Let’s read and learn from Emmanuel7788’s post.
NO! Let's not do that in this thread! Let's read and learn from all of the postings of of BigE, not from someone that distorts, perverts, and simply gives wrong information.

If you really want to follow the FakeTrader, then why don't you open a thread and then all of the follower's of the FakeTrader can do all of their learning on that thread and stop polluting and destroying this TMS thread with things that BigE did not want, mistakes, and lies.

You want to follow him so much, then do what he likes to tell others and "Do the right thing" and go create a new thread for his nonsense.
To free Gazans of Hamas, use whatever it takes.
  • #107,049
  • Aug 3, 2020 4:12am Aug 3, 2020 4:12am
Quoting drsun
{quote} Don’t trade blindly. TDI cross is just confirmation signal. You have to see the Price Action: trend, R/S, consolidation, price open/close,etc. Remember You are never win all your entries. Of course, I am not pro at trading but i’m learning every day. Let’s read and learn from Emmanuel7788’s post.

and also learn from all the other members who contributed for many years in this thread.

go to this post and download the five(5) pdf files and study them.

Post#59,178
https://www.forexfactory.com/thread/...37#post8401137

ignore those who made no contributions but make only noise and negative energy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,050
  • Aug 3, 2020 4:12am Aug 3, 2020 4:12am
GBPUSD Aug 03 H1 and H4,

you pick!

some have 'Fear' of the Daily Pin Bar.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Aug 03 H1 H4 buy 3-8-2020 5-05-25 pm.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,051
  • Aug 3, 2020 4:22am Aug 3, 2020 4:22am
Quoting emmanuel7788
GBPUSD Aug 03 H1 and H4, you pick! some have 'Fear' of the Daily Pin Bar. {image}
Very difficult GBP/USD today!!
  • #107,052
  • Edited 4:54am Aug 3, 2020 4:32am | Edited 4:54am
Quoting KennethYang
{quote} Very difficult GBP/USD today!!
That depends on your perspective (TFs) that you are watching, and whether or not you are trying to trade a trend continuation swing or a trend retracement swing. Most likely, you do not realize that H8 is in control of the down swing so that your decisions should be biased by this.
To free Gazans of Hamas, use whatever it takes.
  • #107,053
  • Aug 3, 2020 4:36am Aug 3, 2020 4:36am
Quoting KennethYang
{quote} Very difficult GBP/USD today!!
its only the first trading day of the month so we be patient and pick only the best setups and pass on the iffy ones ... said the OP.

we have 90 days countdown...

just looking at the timeframe you trade, I see a big candle and small candles .... give them a name aka Master Candle.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Aug 04 H1 MC 3-8-2020 5-38-37 pm.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,054
  • Aug 3, 2020 4:40am Aug 3, 2020 4:40am
Quoting Tekkies
{quote} You have the mq4 file, search for ObjectDelete(0,"xxxxx"); (xxxx object name) or a function like DeleteAll(10);
Thanks, that’s what I thought. Unfortunately I don’t have the source file for this indicator.
  • #107,055
  • Aug 3, 2020 4:49am Aug 3, 2020 4:49am
Quoting DrDave
{quote} That depends on your perspective (TFs) that you are watching, and whether or not you are tying to trade a trend continuation swing or a trend retracement swing. Most likely, you do not realize that H8 is in control of the down swing so that your decisions should be biased by this.
Decisions should be only done by price and time. This is the same on every time frame. Forget about that trend is your friend and trying to get some „bias“ for direction, switching through multi time ranges all day long and trying to make silly forecasts to „filter“ something for your entry. Make your entry based on time + price, look at what ever time frame you like. People saying things like everything below H1, H4, Daily, Weekly, Monthly TF is „noise“ are the most stupid of all. Price is build up starting at tick by tick, get a tick chart. If this is already noise then M1 is noise, so is M5, M15 and all „signals“ produced on Daily, Weekly, Monthly charts are „noise“ then because this is all just data compression coming from price ticks.
  • #107,056
  • Aug 3, 2020 4:53am Aug 3, 2020 4:53am
Quoting emmanuel7788
{quote} its only the first trading day of the month so we be patient and pick only the best setups and pass on the iffy ones ... said the OP. we have 90 days countdown... just looking at the timeframe you trade, I see a big candle and small candles .... give them a name aka Master Candle. {image}
I'm a little confused.
MC that you mentioned includes in high and low price..
But, when I see price break, I only see closed price...
Not easy..
  • #107,057
  • Aug 3, 2020 5:06am Aug 3, 2020 5:06am
Quoting lddd
{quote} Decisions should be only done by price and time. This is the same on every time frame. Forget about that trend is your friend and trying to get some „bias“ for direction, switching through multi time ranges all day long and trying to make silly forecasts to „filter“ something for your entry. Make your entry based on time + price, look at what ever time frame you like. People saying things like everything below H1, H4, Daily, Weekly, Monthly TF is „noise“ are the most stupid of all. Price is build up starting at tick by tick, get a tick chart....
Just because you are unable to understand the usefulness of multi-TFs does not negate there usefulness for many others.

If you are "switching through multi time ranges all day long", then you have organizational issues, because this is not needed.

And of course, nearly anyone "trying to make silly forecasts" has low success rates. But using multiple TFs with the controlling bias of a TF gives an edge for FOLLOWING LAGGING INFORMATION to profits. If you are tailing a car that is approaching an intersection, would you prefer to take a guess as to what will occur at the intersection (car turns left, right, continues ahead, stops dead), or would you prefer to simply OBSERVE what happens and then FOLLOW it with your LAGGING information?
To free Gazans of Hamas, use whatever it takes.
  • #107,058
  • Aug 3, 2020 5:08am Aug 3, 2020 5:08am
Quoting lddd
People saying things like everything below H1, H4, Daily, Weekly, Monthly TF is „noise“ are the most stupid of all. Price is build up starting at tick by tick, get a tick chart. If this is already noise then M1 is noise, so is M5, M15 and all „signals“ produced on Daily, Weekly, Monthly charts are „noise“ then because this is all just data compression coming from price ticks.

Probably the best observation that you have posted so far.
To free Gazans of Hamas, use whatever it takes.
  • #107,059
  • Aug 3, 2020 5:19am Aug 3, 2020 5:19am
Quoting lddd
{quote} Decisions should be only done by price and time. This is the same on every time frame. Forget about that trend is your friend and trying to get some „bias“ for direction, switching through multi time ranges all day long and trying to make silly forecasts to „filter“ something for your entry. Make your entry based on time + price, look at what ever time frame you like. People saying things like everything below H1, H4, Daily, Weekly, Monthly TF is „noise“ are the most stupid of all. Price is build up starting at tick by tick, get a tick chart....
So, I have to wonder why you are not "reading the tape", i.e. looking ONLY at tick charts? Because if you are looking at other presentations of the data, such as bar charts, candlesticks, Renko, etc, you are looking at the COMPRESSED views of the tick data, so you are no longer using pure time and price that you are championing.

But, if you indeed ARE using one of these compressed views, then who is to say that one type of compression is better than another? Perhaps I like to use moving average compression. Someone else likes to use Heiken_Ashi and smoothed Heiken-Ashi for his view. Someone else likes to use RSI for his smoothed view. Someone else likes to see 6 different views at once. Someone else likes specific views depending on certain conditions. ...
To free Gazans of Hamas, use whatever it takes.
  • #107,060
  • Aug 3, 2020 5:20am Aug 3, 2020 5:20am
My entry, GBP/USD H1.
Attached Image (click to enlarge)
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"Successful investing takes time, discipline and patience."-Warren Buffet
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