Trading Made Simple | Page 5501 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #110,001
  • Oct 19, 2020 9:19pm Oct 19, 2020 9:19pm
EURUSD Oct 20 Tokyo local time 1315 pm

when trading, ask yourself this

- is the H4 HA candle 8/2/0 good enough for an entry now

- what about the H1 HA 5/1/0

- and the M15 HA 3/1/0

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 20 H4 H1 M15 Tokyo1315 20-10-2020 12-14-28 pm.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,002
  • Oct 19, 2020 9:34pm Oct 19, 2020 9:34pm
APB/HA candle 5/3/6

when I look at the APB/HA candle, I like to see the HA body size and its upper wick and lower wick lengths

Example below:

Attached Image (click to enlarge)
Click to Enlarge Name: H4 HA candle 5-3-6.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,003
  • Oct 19, 2020 10:06pm Oct 19, 2020 10:06pm
Quoting emmanuel7788
APB/HA candle 5/3/6 when I look at the APB/HA candle, I like to see the HA body size and its upper wick and lower wick lengths Example below: {image}

EURUSD Oct 20 H4 10PM PDT 1AM EST

- a new H4 opens,
- TDI P-Slope and C-Slope both 'flat'
- look at the HA candle, it the HA candle small (Post #261)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 20 H4 10PM PDT 20-10-2020 1-01-47 pm.png Size: 91 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,004
  • Oct 20, 2020 7:38pm Oct 20, 2020 7:38pm
Quoting eelfranz
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...
#8703
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...

Last two days Monday and Tuesday were nice, some people trade the Mo Tu candles,

Which pair to trade?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 21 MoTu trade 21-10-2020 7-22-18 am.png Size: 39 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Oct 21 Mo Tu trade 21-10-2020 7-22-52 am.png Size: 39 KB


Do you have a Money Management strategy to trade the Daily?
I use %Risk an amount of Money and trade Multiple Entries Multiple Exits with Baskets of Trades. Risk initial Stop Loss is 2 x ADR(100) days.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,005
  • Oct 20, 2020 7:45pm Oct 20, 2020 7:45pm
Quoting emmanuel7788
{quote} EURUSD Oct 20 H4 10PM PDT 1AM EST - a new H4 opens, - TDI P-Slope and C-Slope both 'flat' - look at the HA candle, it the HA candle small (Post #261) {image}
EURUSD Oct 20 London session trading

- simple setup when the PCRF pattern appears and the H1 closed breaks the high of TOK_5H, the H4 PA is in favour, check the TIMING on M15 and pull the trigger.

- trade away from the Day Open, PA is the HA candle and the 5EMA is the direction

- use a tool like the trade manager EA THV Cavemanager to manage the trades - set TP1 5pips, TP2 +10pips, TP3 +15pips and let the remaining positions run trailing with CSTSL until the market stop out.

CSTSL = CandlestickTrailingStopLoss

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 20 H1 trdaes closed 21-10-2020 6-28-45 am.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,006
  • Oct 20, 2020 10:25pm Oct 20, 2020 10:25pm
EURUSD Oct 21 H4 10PM PDT 1AM EST

- the TDI green line may be flat, but the PA is a breakout

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Oct 21 H1 10PM PDT 1AM EST 21-10-2020 1-21-09 pm.png Size: 82 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,007
  • Oct 20, 2020 10:29pm Oct 20, 2020 10:29pm
Quoting Tekkies
{quote} Please, post some of the trade's you have taken.

Hi There,
as you can see the red vertical line .i took that trade on that red candle for sell.
Confirmations:
1:TDI crossover
2:stoct going in same direction
3:cci below 50

later on it went to the same direction but before that my huge stoploss got hit,it happening in almost every trade..
please let me know what i am doing wrong ..thanks
Attached Image (click to enlarge)
Click to Enlarge Name: img1.png Size: 144 KB
  • #110,008
  • Oct 20, 2020 10:30pm Oct 20, 2020 10:30pm
Hi There,
as you can see the red vertical line .i took that trade on that red candle for sell.
Confirmations:
1:TDI crossover
2:stoct going in same direction
3:cci below 50

later on it went to the same direction but before that my huge stoploss got hit,it happening in almost every trade..
please let me know what i am doing wrong ..thanks
Attached Image (click to enlarge)
Click to Enlarge Name: img1.png Size: 144 KB
  • #110,009
  • Oct 20, 2020 10:37pm Oct 20, 2020 10:37pm
Quoting Gh0stRider
{quote} Hi There, as you can see the red vertical line .i took that trade on that red candle for sell. Confirmations: 1:TDI crossover 2:stoct going in same direction 3:cci below 50 later on it went to the same direction but before that my huge stoploss got hit,it happening in almost every trade.. please let me know what i am doing wrong ..thanks {image}

post and show the chart as Bar Chart and I'll show you what you are missed learning from Big E' old thread.

Attached Image (click to enlarge)
Click to Enlarge Name: Gh0stRider GBPAUD 21-10-2020 1-34-12 pm.png Size: 231 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,010
  • Oct 20, 2020 10:56pm Oct 20, 2020 10:56pm
Quoting emmanuel7788
{quote} post and show the chart as Bar Chart and I'll show you what you are missed learning from Big E' old thread. {image}

Attached Image (click to enlarge)
Click to Enlarge Name: img2.png Size: 109 KB
  • #110,011
  • Oct 20, 2020 11:03pm Oct 20, 2020 11:03pm
Quoting Gh0stRider
{quote} {image}

very good.

but you removed the APB/HA candles.

You can go to this post and download the APB/HA on/off indicator.

https://www.forexfactory.com/thread/...7#post13111687

it will help you see the Bar Chart price action with the APB/HA turned off.

set the Bar Chart to Foreground.

and

when you draw a red vertical line, you can also place the line in background so that we can see the price bar.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,012
  • Oct 20, 2020 11:44pm Oct 20, 2020 11:44pm
Quoting emmanuel7788
{quote} very good. but you removed the APB/HA candles. You can go to this post and download the APB/HA on/off indicator. https://www.forexfactory.com/thread/...7#post13111687 it will help you see the Bar Chart price action with the APB/HA turned off. set the Bar Chart to Foreground. and when you draw a red vertical line, you can also place the line in background so that we can see the price bar.
Please find the attached pictures.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: img3.png Size: 117 KB
Click to Enlarge Name: img4.png Size: 109 KB
  • #110,013
  • Oct 20, 2020 11:50pm Oct 20, 2020 11:50pm
Quoting Gh0stRider
{quote} Please find the attached pictures. {image} {image}

look at M30 when London Open ...soon!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,014
  • Oct 20, 2020 11:53pm Oct 20, 2020 11:53pm
Quoting emmanuel7788
{quote} look at M30 when London Open ...soon!

ALright ill Take a look but Emmanuel what i did wrong yesterday ?
if you can explain me a lil bit about my mistake or if i am missing something to add in this setup ?
  • #110,015
  • Oct 20, 2020 11:58pm Oct 20, 2020 11:58pm
Quoting Gh0stRider
{quote} Hi There, as you can see the red vertical line .i took that trade on that red candle for sell. Confirmations: 1:TDI crossover 2:stoct going in same direction 3:cci below 50 later on it went to the same direction but before that my huge stoploss got hit,it happening in almost every trade.. please let me know what i am doing wrong ..thanks {image}
Ghost.
- Much easier is to drag closed order from Account History on to chart.
- Remove CCI indicator. Not needed nor required.

First question: Is that chart refreshed. (Hindsight trading on refreshed chart means nothing.)
If so, this will be hindsight answers.
Nothing wrong with
- TDI set up. > Angle below 4, stoch confirm direction. Just on those two alone I would have taken the TDI set up as well.

So why did the trade flopped, you need to look for a reason. Which filter's, rules (basic post#647) did you not applied or missed?
Did you:
- place the trade at start of red bar? (You missed the beginning of that bar the odds already against you, candle 2 even more so)
- Candle and wick are mixed so they don't really help here. Does it look like consolidation?
- check for long / short term trend? (let say: H4 for long term, M5 for short term direction / zoom out on chart for long and zoom in for short term)
- support / resistance level? (The same here, did you zoom out on chart to see where those level's are or checked on higher time frame for major S/R levels)
- TDI setup level? (please read TDI cross.pdf for better understanding.)

It is easy to say check this, check that, but real live is not that easy.
Based on the rest of your post:
- You want or expect that ever trade you enter will go 3, 4, 5 bar's. That aren't going to happen. Develop a scalping attituned.
#495..... I never knowingly take a draw back of 40-50 pips even on the 4hr. I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back.
- Recheck your entry on different time frames with those point's in post#647, Ghost.
>> Find the reason because you are already doing the same mistake over and over.

(Broker does not have GBPAUD, could not duplicate your TDI setup)
  • #110,016
  • Oct 21, 2020 12:04am Oct 21, 2020 12:04am
Quoting emmanuel7788
{quote} look at M30 when London Open ...soon!

GBPAUD Oct 21 London Open M30

#1 Price Action

#2 use any tool - TMSTDi WatchDog or TMS_V19

#3 you have the overview of the three amigos (all riding in the same direction today)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Oct 21 M30 LO 21-10-2020 3-00-06 pm.png Size: 115 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,017
  • Oct 21, 2020 12:05am Oct 21, 2020 12:05am
Quoting Tekkies
{quote} Ghost. - Much easier is to drag closed order from Account History on to chart. - Remove CCI indicator. Not needed nor required. First question: Is that chart refreshed. (Hindsight trading on refreshed chart means nothing.) If so, this will be hindsight answers. Nothing wrong with - TDI set up. > Angle below 4, stoch confirm direction. Just on those two alone I would have taken the TDI set up as well. So why did the trade flopped, you need to look for a reason. Which filter's, rules (basic post#647) did you not applied or missed? Did you:...
Attached Image (click to enlarge)
Click to Enlarge Name: img3.png Size: 117 KB
Attached Image (click to enlarge)
Click to Enlarge Name: img4.png Size: 109 KB
  • #110,018
  • Oct 21, 2020 12:07am Oct 21, 2020 12:07am
Quoting Gh0stRider
{quote} ALright ill Take a look but Emmanuel what i did wrong yesterday ? if you can explain me a lil bit about my mistake or if i am missing something to add in this setup ?

Hi Gh0stRider

I will tell you what you missed. But right now.. it live trading room duty ....

Look at my post GBPAUD M30 above and follow #1 the Price Action.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Oct 21 M30 LO 21-10-2020 3-00-06 pm.png Size: 115 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,019
  • Oct 21, 2020 12:11am Oct 21, 2020 12:11am
Trade Alert ....

EURUSD Oct 21 H1 FO candle bounce!!!!!!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,020
  • Oct 21, 2020 12:12am Oct 21, 2020 12:12am
Quoting emmanuel7788
{quote} Hi Gh0stRider I will tell you what you missed. But right now.. it live trading room duty .... Look at my post GBPAUD M30 above and follow #1 the Price Action. {image}
Ill Look at the price action but what do i have to see in tms monitor ?
59 traders viewing now, 1 is registered:
Eod