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Trading Made Simple

  • #108,761
  • Sep 19, 2020 1:01pm Sep 19, 2020 1:01pm
Quoting Tekkies
Rather a good understanding of price action: Post 92,204 (5) Regarding those who claim all you need is PA -- haha, what a bunch of crock. You think you are so macho because you don't need indicators. Dudes -- I got news for you -- if you are looking at bars, then you are using an indicator. Bars are indicators. The real data is ticks from your broker. Bars (i.e. OHLC data) are simply a compressed form of tick data that MetaQuotes programmed into MetaTrader to help you better...

If you were trading on tick data, then I would be impressed -- but you aren't. So you are just fooling yourself.

Like other indicators, bars are used to help us visualize certain features of the raw data. To claim you are better at trading
because you use "PA" rather than RSI or MA or Stoch just proves even after all these years you are still clueless
about the underlying data.

Is that a response to my post ? If so, you missed what I was saying. And Im an indicator junkie actually ! Boy I hope you werent responding to my post because if so, there are A LOT of presumptions here, and for what ? I didnt say anything of the above.

Just expressing ones opinion here is an act of war ? Sorry, goodbye.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #108,762
  • Edited 1:22pm Sep 19, 2020 1:01pm | Edited 1:22pm
Quoting Tekkies
Is it really worth while to respond to Post 108,752? Don't think so. ---- This is what BigE has posted concerning 5EMA. #718 At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it was the set up candle. I would enter the trade at the beginning of the next candle if it was the same color.... and that still works... this is more conservative... I am more aggressive now and noticed I was giving up some pips doing it that way so I changed...

If you want proof that 5 ema is prolly shifted by 3 or 5

Look at GBPUSD daily chart and observe the late signals TDI gives (that resulted in losses). Now look at how 5ema shifted +2 gives signals earlier

Maybe the TDI repainted its crosses in either of them who knows . MA doesn't repaint. It just lags. TDI isn't a leading indi either. Only ultimate leading indicators is candle sticks or bars (line chart SUCKS)

So why don't we just use which ever works for us?
  • #108,763
  • Sep 19, 2020 1:11pm Sep 19, 2020 1:11pm
Quoting Tekkies
{quote} Are you referring to Nat's: Sometimes price crossing the shifted 5 ema will translate as green crossing red on the TDI. - Sometimes does not mean all the time ---- Nat can explain that one in more detail.
And on the other times PA cross 5 ema before TDI green crosses red
  • #108,764
  • Sep 19, 2020 1:11pm Sep 19, 2020 1:11pm
Quoting emmanuel7788
{quote} hello foxali It's 10:30am your local time. Are you ready for some weekend homework practice? Now study puzzle piece #353 Big E training chart Post your observations what your see on that training chart. ----------------------------------------- {quote} Training Chart - US/Cad 4hr.. no trade here... Candle 4 is pulling back, TDI has tweeked... reversal coming... {image} ----------------------------------------- also anyone else here can try! you'll learn faster this...
hello emmanuel
yes i think was it is not good deal for sell.. because green line for tdi crossover red line late with 3 candl than i think wait maybe give good deal for buy ?
  • #108,765
  • Sep 19, 2020 1:14pm Sep 19, 2020 1:14pm
Quoting mtako
{quote} Is that a response to my post ? If so, you missed what I was saying. And Im an indicator junkie actually ! Boy I hope you werent responding to my post because if so, there are A LOT of presumptions here, and for what ? I didnt say anything of the above. Just expressing ones opinion here is an act of war ? Sorry, goodbye.
I don't think Tekkies was referring to you Mtako. He is actually on your side here
  • #108,766
  • Sep 19, 2020 1:20pm Sep 19, 2020 1:20pm
Quoting mtako
{quote} Is that a response to my post ? If so, you missed what I was saying. And Im an indicator junkie actually ! Boy I hope you werent responding to my post because if so, there are A LOT of presumptions here, and for what ? I didnt say anything of the above. Just expressing ones opinion here is an act of war ? Sorry, goodbye.
No mtako not a response to your post it is a reflection of how one member interpret Price Action the same way you have expressed your opinion.

Nothing more nothing less.
  • #108,767
  • Sep 19, 2020 1:22pm Sep 19, 2020 1:22pm
Quoting Nat.Fx
{quote} I don't think Tekkies was referring to you Mtako
Boy all these attacks are confusing! Sorry pals, I m not used to this...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #108,768
  • Sep 19, 2020 1:23pm Sep 19, 2020 1:23pm
Quoting Tekkies
{quote} No mtako not a response to your post it is a reflection of how one member interpret Price Action the same way you have expressed your opinion. Nothing more nothing less.
You broke Mtako's heart

Oh Nvmd he is back
  • #108,769
  • Sep 19, 2020 1:28pm Sep 19, 2020 1:28pm
Quoting Nat.Fx
{quote} If you want proof that 5 ema is prolly shifted by 3 or 5 Look at GBPUSD daily chart and observe the late signals TDI gives (that resulted in losses). Now look at how 5ema shifted +2 gives signals earlier Maybe the TDI repainted its crosses in either of them who knows . MA and PA doesn't repaint. It just lags. TDI isn't a leading indi either So why don't we just use which ever works for us?
@Nat.Fx -- sorry to intervene -- I can't help myself...

It's not so much I mind clueless posts -- rather, it's clueless posts that either intentionally or unintentionally mislead others. You really should stick with @Tekkies' or @emmanuel7788's advice. They've both been there and done it -- you haven't.

1. No such thing as a "leading indi". Why mention that as a knock against TDI?

2. TDI doesn't repaint -- it recalculates, just as all indicators do that use the closing price for Bar[0]. You really should understand the difference between repainting and recalculating before giving advice. They are quite different.

3. All indicators lag -- that's the trade-off or price we pay for performing a bit of algebra to smooth the data. Again -- no reason to point out that MA lags. It's like trying to sound wise by pointing out the sun is hot.

4. "Shift+2" does exactly that. It tells MT4 to draw the current markings 2 bars earlier. It has nothing to do with when a true signal occurs -- only where they get drawn on the chart. You can set the 'shift' to whatever you want and when looking at a static chart (which only uses historic data) you might think you were in heaven because you can "see" markings so much earlier. But that's only where MT4 draws the markings. Unless you have a time machine, then it is probably best to trade in real-time and leave the shift value as '0'.
  • #108,770
  • Sep 19, 2020 1:30pm Sep 19, 2020 1:30pm
Quoting mtako
{quote} Boy all these attacks are confusing! Sorry pals, I m not used to this...
mtako, take Dave's advice. Get yourself a chem-suite
  • #108,771
  • Sep 19, 2020 1:35pm Sep 19, 2020 1:35pm
Quoting Tekkies
{quote} mtako, take Dave's advice. Get yourself a chem-suite
Already got mine long ago and i am loving it
  • #108,772
  • Sep 19, 2020 1:37pm Sep 19, 2020 1:37pm
Quoting robots4me
{quote} @Nat.Fx -- sorry to intervene -- I can't help myself... It's not so much I mind clueless posts -- rather, it's clueless posts that either intentionally or unintentionally mislead others. You really should stick with @Tekkies' or @emmanuel7788's advice. They've both been there and done it -- you haven't. 1. No such thing as a "leading indi". Why mention that as a knock against TDI? 2. TDI doesn't repaint -- it recalculates, just as all indicators do that use the closing price for Bar[0]. You really should understand the difference between...

Some people just jump into conversations without knowing the context. Next thing they end up looking stupid

Nobody is shaming any indicator. Neither did i say any indicator is a leading indicator. Pointing out MA is lagging indicator is important because it will make it seem like i im saying MA is better than TDI

We know what shift +2 does. That's why almost all of us have it on our charts here as instructed by the OP.

Its also a well known hoax that TDI repaints. Thats why i said "maybe " its a metaphor. I didn't mean it directly

Also because I'm a new member doesn't mean i i started FX yesterday

I also follow Tekkies and Emmanuel's advice. If you read old posts instead of jumping to conclusions you would know. If not for them i would have no clue what TMS or 5-method is...

Sheesh
  • #108,773
  • Sep 19, 2020 1:43pm Sep 19, 2020 1:43pm
Im just used to working with MAs, and other indicators, and price action, and money management, altogether. But for certain strategies, Ma crosses arent often relevant in the end. Number of cdls above or below a certain MA along with other indicators reactions to price often end up having much more importance in the end.

I am slowly figuring out if it is the case here. But right now I'm focusing on the tdi indicator's cross in relation to the price action (in its whole).

Especially when it is making nice higher highs and higher lows after every cross, like here; and the second it does not, time to get out at that cross.

So you good folks are lightyears ahead of me so I apologize if any of my newbie thinking is tiring sometimes. You mustve heard most if not all of the same gibberish already.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (1508).png Size: 24 KB
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #108,774
  • Sep 19, 2020 1:46pm Sep 19, 2020 1:46pm
Quoting Nat.Fx
{quote} Some people just jump into conversations without knowing the context. Next thing they end up looking stupid
@Nat.Fx -- would you care to elaborate. Which of the statements I made do you think are stupid?

1. No such thing as a leading indicator.

2. TDI doesn't repaint.

3. All indicators lag.

4. Unless one has a time machine, we should trade in real-time.

Don't take this too seriously. At times we all come across as stupid -- and I've had plenty of experience with that. So -- call me stupid or whatever, it ain't the first time I've been called that (or worse) and I certainly hope it's not the last. I would hope the goal is to become a better trader and, along the way, not to mislead others. If your goal is otherwise -- well, you might need to get used to being called-out from time-to-time...
  • #108,775
  • Sep 19, 2020 1:49pm Sep 19, 2020 1:49pm
Quoting robots4me
{quote} @Nat.Fx -- would you care to elaborate. Which of the statements I made do you think are stupid? 1. No such thing as a leading indicator. 2. TDI doesn't repaint. 3. All indicators lag. 4. Unless one has a time machine, we should trade in real-time. Don't take this too seriously. At times we all come across as stupid -- and I've had plenty of experience with that. So -- call me stupid or whatever, it ain't the first time I've been called that (or worse) and I certainly hope it's not the last. I would hope the goal is to become a better trader...
I mean stupid by misunderstanding me.

I never disagreed with anything you said. All you said is just backing up what ive been saying.

I mean stupid by reading one post and jumping without understanding what we are talking about.

All you did was state the obvious. Or is it because you have red diamond and i have new member that you concluded i have zero clue about what indicators mean?
  • #108,776
  • Sep 19, 2020 1:52pm Sep 19, 2020 1:52pm
Quoting Nat.Fx
{quote} If you want proof that 5 ema is prolly shifted by 3 or 5 Look at GBPUSD daily chart and observe the late signals TDI gives (that resulted in losses). Now look at how 5ema shifted +2 gives signals earlier Maybe the TDI repainted its crosses in either of them who knows . MA doesn't repaint. It just lags. TDI isn't a leading indi either. Only ultimate leading indicators is candle sticks or bars (line chart SUCKS) So why don't we just use which ever works for us?
"So why don't we just use which ever works for us?"
That is the problem Nat.
I use TDI, you use 5EMA, our indicator junkie use what he use.
One member does not think like that > Either you agree to Price Action trading or suffer repercussion.
  • #108,777
  • Sep 19, 2020 1:53pm Sep 19, 2020 1:53pm
Hi again Nat.Fx, its me again taco

I know you are working on lower TF

In my last post, have you observed that on lower timeframes ?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #108,778
  • Sep 19, 2020 1:56pm Sep 19, 2020 1:56pm
Quoting Tekkies
{quote} "So why don't we just use which ever works for us?" That is the problem Nat. I use TDI, you use 5EMA, our indicator junkie use what he use. One member does not think like that > Either you agree to Price Action trading or suffer repercussion.
What does "price action trading" mean to you ?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #108,779
  • Sep 19, 2020 1:57pm Sep 19, 2020 1:57pm
Quoting Tekkies
{quote} "So why don't we just use which ever works for us?" That is the problem Nat. I use TDI, you use 5EMA, our indicator junkie use what he use. One member does not think like that > Either you agree to Price Action trading or suffer repercussion.
I agree.

We all have different trading personality. I can't pick up a strategy and use it directly that way. Something in it won't fit me. The point is that we all teach newbies the same thing. From there on the tweak it to the liking

Yes we might enter differently. But if you take a closer look we enter at the same price or similar prices.

If you take another look sometimes one method fails the other wins. The other method wins the other fails

No method is better here as long as its got to do with the TDI, stochs, 5 ema and HA candles
  • #108,780
  • Sep 19, 2020 1:58pm Sep 19, 2020 1:58pm
Quoting Nat.Fx
{quote} ... Its also a well known hoax that TDI repaints. ...
@Nat.Fx -- TDI does not repaint -- it recalculates Bar[0]. The fact you claim it repaints is a big clue you really don't have a clue.

You claim it's a well-known hoax that TDI repaints. If it's so well-known, can you provide 3 pieces of evidence or links? That should be pretty easy, right?

Rather than claim a hoax, using Strategy Tester anyone -- even you -- can easily check whether or not an indicator repaints. It would take less time than writing your next post complaining about this one. You claim to be an experienced trader but you don't know how to check whether the primary indicator used by this trading system repaints or not? Wow -- that leaves me speechless...
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