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Trading Made Simple

  • #107,241
  • Aug 10, 2020 6:06am Aug 10, 2020 6:06am
Quoting KennethYang
{quote} GBP is too weak....
Early SL -18 pips

Sell entry
Attached Image (click to enlarge)
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  • #107,242
  • Aug 10, 2020 6:37am Aug 10, 2020 6:37am
Quoting KennethYang
{quote} Early SL -18 pips Sell entry{image}
That happens quite a lot when you look to HIGHER timeframes to decide direction while ignoring lower TFs.

Direction change comes from BELOW, not from ABOVE.
To free Gazans of Hamas, use whatever it takes.
  • #107,243
  • Aug 10, 2020 6:57am Aug 10, 2020 6:57am
Quoting KennethYang
{quote} Early SL -18 pips Sell entry{image}

I don't see a good sell entry when the H4 price action and HA candles are above its 5EMA.

Trading H1 is very tough even when you use the conservative Synergy trading model with the PAC.

Weekly is the first sign of w sideways range market type condition when last week candle did not close with higher Close and I see a weekly WCC.

H4 still bullish so better buy the 'dips' and if you can do it on M15 would be good.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Aug 10 H4 w W1 view 10-8-2020 7-46-22 pm.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,244
  • Aug 10, 2020 7:19am Aug 10, 2020 7:19am
Quoting DrDave
{quote} That happens quite a lot when you look to HIGHER timeframes to decide direction while ignoring lower TFs. Direction change comes from BELOW, not from ABOVE.
Yes, you're right.
But, I cannot trust M15 and M30...
I look 1H and 4H.. but, I trade almost 1H.

Thanks.
  • #107,245
  • Aug 10, 2020 7:25am Aug 10, 2020 7:25am
Quoting emmanuel7788
{quote} I don't see a good sell entry when the H4 price action and HA candles are above its 5EMA. Trading H1 is very tough even when you use the conservative Synergy trading model with the PAC. Weekly is the first sign of w sideways range market type condition when last week candle did not close with higher Close and I see a weekly WCC. H4 still bullish so better buy the 'dips' and if you can do it on M15 would be good. {image}
Yes, I looked bullish 4H, and breakout previous day high.
so I entered in 1H.

But, It was like too overbought.
That was my mistake.
I wanna make something to avoid this case..
  • #107,246
  • Aug 10, 2020 7:37am Aug 10, 2020 7:37am
Quoting KennethYang
{quote} Yes, I looked bullish 4H, and breakout previous day high. so I entered in 1H. But, It was like too overbought. That was my mistake. I wanna make something to avoid this case..

do not worry about the oscillator overbought condition.... "climb higher see farther" ... look higher TF

study medhi343 thread how he trade Stock overbought and over sold levels with the TDI RSI price line.

https://www.forexfactory.com/thread/...ree-tdi-system
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,247
  • Aug 10, 2020 7:39am Aug 10, 2020 7:39am
Quoting emmanuel7788
GBPJPY Aug 10 H1 2AM PDT (5AMEST) I have a H4 BUOB and my H1 is a BUEB. Simple buy decision with SL and 3TPs ...TP1, TP2, TP3 manage by THV CaveManager with Capital Protection. {image}

GBPJPY Aug 10 H1 trade closed ...

PA changed direction with REVERSAL candle and HA colour changed ... quick Cut Loss - 30pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Aug 10 H1 trade closed CutLoss 10-8-2020 8-31-46 pm.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,248
  • Aug 10, 2020 7:41am Aug 10, 2020 7:41am
Quoting emmanuel7788
{quote} do not worry about the oscillator overbought condition.... "climb higher see farther" ... look higher TF study medhi343 thread how he trade Stock overbought and over sold levels with the TDI RSI price line. https://www.forexfactory.com/thread/...ree-tdi-system
Thank you!
  • #107,249
  • Aug 10, 2020 7:43am Aug 10, 2020 7:43am
Quoting emmanuel7788
AUDUSD Aug 10 H1 Frankfurt Open - Price Action BEOB {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Aug 10 H1 BEOB trade 10-8-2020 3-01-59 pm.png Size: 51 KB


AUDUSD Aug 10 H1 trade closed

this trade took longer time

closed TP1 +10 pips, +2 pip

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Aug 10 H1 trade closed 10-8-2020 8-40-13 pm.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,250
  • Aug 10, 2020 7:52am Aug 10, 2020 7:52am
Quoting johnnyflex
Best thread ever. But, Is there an MT5 indicators for this method?

Yes. Of course.

MT5 Indicators for Trading Made Simple

Synergy APB {click to download}

Traders Dynamic Index {click to download}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,251
  • Aug 10, 2020 7:56am Aug 10, 2020 7:56am
Quoting emmanuel7788
{quote} @Tekkies This thread is not just about the TDI cross and trading from TDI cross to cross. You asked these: 1) REVERSAL price action, 2) PA setup HA candle, 3) higher high with higher Close, 4) HA close above 5EMA, 5) BUOB buy setup and now we come to your 5) BUOB buy setup what you missed is to every BUOB there are also many BEOB. you need to learn them both so that you can trade both the buy and sell the setups on your price chart. if you have not trained your eyes to see the price action of the BUOB bars and BEOB bars with the HA candles...
PriceAction AHA indicator

and you will find the download in this Post#107,160

I use it to help me interpret the OP's Post#647 what he described as big candle,small candle, etc.

someone asked me about the small candle on chart using the PriceAction AHA,

those small candles are NRI4B ... NarrowRangeInside4Bar.

it is an Inside Bar and the narrowest (smallest) range of the 4 bars.

here is my explanation.

trade the NRI4B breakout following TMS PA rules with Post#261

Attached Image (click to enlarge)
Click to Enlarge Name: NRI4B examples 10-8-2020 8-47-07 pm.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,252
  • Aug 10, 2020 8:03am Aug 10, 2020 8:03am
AUDJPY Aug 10 H1 6AM PDT

H1 DBLHC setup

H4 NRI4B breakout


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Aug 10 H1 NYO1 DBLHC 10-8-2020 9-00-35 pm.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Aug 10 H4 NRIB4B breakout 10-8-2020 9-05-32 pm.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #107,253
  • Aug 10, 2020 8:13am Aug 10, 2020 8:13am
Quoting KennethYang
{quote} Yes, you're right. But, I cannot trust M15 and M30... I look 1H and 4H.. but, I trade almost 1H. Thanks.
Do you TRADE H1, or you trade H4 and MAKE ENTRIES on H1? There is a very big difference.
To free Gazans of Hamas, use whatever it takes.
  • #107,254
  • Aug 10, 2020 8:21am Aug 10, 2020 8:21am
Quoting DrDave
{quote} Do you TRADE H1, or you trade H4 and MAKE ENTRIES on H1? There is a very big difference.
Actually, I trade only 1H.
But, I mean I consider 4H trend when I decide the entry in 1H.
  • #107,255
  • Aug 10, 2020 8:24am Aug 10, 2020 8:24am
31st week Aug

GBP/AUD 1H
I entered 7 times.
And I got 100% with TDI.
I love this!

But, today first trade(GBP/AUD) was loss.
I'm in sell now.
Attached Image (click to enlarge)
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  • #107,256
  • Aug 10, 2020 8:44am Aug 10, 2020 8:44am
Quoting KennethYang
{quote} Yes, I looked bullish 4H, and breakout previous day high. so I entered in 1H. But, It was like too overbought. That was my mistake. I wanna make something to avoid this case..
You will never avoid all of those cases.

You do essentially "set and forget" trades. It was actually a reasonably good buy signal even on H1, so with "set and forget", there is no more for you to do but walk away and let the trade either hit TP or SL.

However, if you decide to monitor your trades, then AFTER you enter on H1, open M15 and M5 and look how they develop.

Here is M5. It is very clear that after the buy entry, the desired up continuation ensued. But where did it go? To an equal top.

And look at green and red below: after the green X red up continuation, you see the lower top that red made. This is already a signal to exit at the open of the marked red bar.

Also notice all of the up HA bars that have tails on them; sign of weakness.

M15 tells a similar story but with an even later exit (bigger loss).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 47 KB
To free Gazans of Hamas, use whatever it takes.
  • #107,257
  • Aug 10, 2020 8:54am Aug 10, 2020 8:54am
Quoting DrDave
{quote} You will never avoid all of those cases. You do essentially "set and forget" trades. It was actually a reasonably good buy signal even on H1, so with "set and forget", there is no more for you to do but walk away and let the trade either hit TP or SL. However, if you decide to monitor your trades, then AFTER you enter on H1, open M15 and M5 and look how they develop. Here is M5. It is very clear that after the buy entry, the desired up continuation ensued. But where did it go? To an equal top. And look at green and red below: after the green...
Yes!!
You already gave me this comments.
So, I looked M15.. and I cut early loss. -18 pips (initial loss -30 pips)

But, Sometimes it comes back to my direction in 5M.. So, I look 15M.
Thanks!
  • #107,258
  • Aug 10, 2020 10:04am Aug 10, 2020 10:04am
Quoting DrDave
{quote} You will never avoid all of those cases. You do essentially "set and forget" trades. It was actually a reasonably good buy signal even on H1, so with "set and forget", there is no more for you to do but walk away and let the trade either hit TP or SL. However, if you decide to monitor your trades, then AFTER you enter on H1, open M15 and M5 and look how they develop. Here is M5. It is very clear that after the buy entry, the desired up continuation ensued. But where did it go? To an equal top. And look at green and red below: after the green...
What you said is not always right.
See below.
1st cut was good (-18 pips instead of -30 pips)
But, 2nd can be BE, not -10~-15 pips in 15M.

This is difficult.
When I enter in market, I wait 1 hour. After 1 hour, if it's not plus, I look for good exit or BE.
Not easy!

So, I think the entry is the most important. We need a very carefully entry to avoid pullback.
So, I consider something to avoid in that cases.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: 0810_GBPAUD3.png Size: 38 KB
  • #107,259
  • Aug 10, 2020 10:06am Aug 10, 2020 10:06am
Quoting nigpig
{quote} I liked the NZDCAD trade potential folowing D1 direction with that H4 BEOB. Went short with SL, TP1,2 and 3. Will follow what you do moving stops.
NZDCAD short going well so far. TP1 hit for +15 and move SL for TP2 and 3 to BE+2. TP2 = 25 and TP3=75.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad-h4-fxcm-australia-pty.png Size: 37 KB
  • #107,260
  • Aug 10, 2020 10:44am Aug 10, 2020 10:44am
Quoting KennethYang
{quote} What you said is not always right. See below. 1st cut was good (-18 pips instead of -30 pips) But, 2nd can be BE, not -10~-15 pips in 15M. This is difficult. When I enter in market, I wait 1 hour. After 1 hour, if it's not plus, I look for good exit or BE. Not easy! So, I think the entry is the most important. We need a very carefully entry to avoid pullback. So, I consider something to avoid in that cases. Thanks. {image}
Do you recall that BigE said with HA bars, a move tends to go 3-8 bars?

How many down bars do you see before your entry bar? I count 5. If I already have 5 down bars on that chart, I look at a smaller TF with an EXPECTATION that the down move is ENDING.

If your entry time was near the end of that bar, then it took only 2 more bars to close on your M15 chart and EXPECTATION CONFIRMED.

And if you would have looked at M5 as well, the EXPECTATION is met at the open of the FIRST up bar on M15 rather than on the 2nd up bar.

Direction change comes from below and moves upwards. Higher TFs show you PAST information about the direction, not NEW information that is coming into play.

The safest place to be is LAGGING behind, but not lagging TOO FAR behind.

On the M15, the only way you would have stayed in that last sell until the exit you show is if you happened to have SL placed somewhere above the maximum of that rally.
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