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Trading Made Simple

  • #111,921
  • Nov 28, 2020 5:20am Nov 28, 2020 5:20am
Quoting Tekkies
{quote} Go by what BigE has posted. Post#54..... A set up is NOT GREEN TOUCHING RED. Why? Many times green bounces back and the original direction continues. That's a bounce trade. Post 115 A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally. Difficult to explain what a bounce is based on how you see green gets close to red. (It is the same with how long is a piece of string) {image} Is 1 and 2 a bounce?...

example of bounce as shown using TDI Post#25


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Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,922
  • Nov 28, 2020 5:30am Nov 28, 2020 5:30am
Quoting Tekkies
{quote} Go by what BigE has posted. Post#54..... A set up is NOT GREEN TOUCHING RED. Why? Many times green bounces back and the original direction continues. That's a bounce trade. Post 115 A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally. Difficult to explain what a bounce is based on how you see green gets close to red. (It is the same with how long is a piece of string) {image} Is 1 and 2 a bounce?...
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Click to Enlarge Name: Tekkies chart 28-11-2020 7-28-50 pm.png Size: 60 KB


to learn the bounce, look at the price and price action

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Click to Enlarge Name: EURUSD M15 compare w Tekkies28-11-2020 7-23-17 pm.png Size: 89 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,923
  • Nov 28, 2020 5:37am Nov 28, 2020 5:37am
Quoting lddd
{quote} Hasbib, just remember. Heikin Ashi charts aim to help isolating the "trend" better and so they might be not as choppy to look at like the additional detail and precise pricing you will get with a standard candlestick chart. They do nothing else, the entry at 1.3200 will still be the entry at 1.3200 at time and chart frame you look at the moment you decide to press buy or sell. Unless you don´t find a clear trading procesure where Heiken Ashi charts will give you a clear backed edge (by numbers) over what ever else chart type you look at...
I have considered the FTMO challenge is a challenge that I want to overcome in the next 6 months. Yes, they have a business model but there is a reward too. AS a small trader I need to consider that is an opportunity. Many people fail and FTMO makes business and Many people pass and change their life too.
MA provides the market's current direction and strength.
  • #111,924
  • Nov 28, 2020 5:46am Nov 28, 2020 5:46am
That is my crossover setup and continuations setup. when the market moves smoothly my system performed like a big boss.
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MA provides the market's current direction and strength.
  • #111,925
  • Nov 28, 2020 6:08am Nov 28, 2020 6:08am
Quoting hasib
That is my crossover setup and continuations setup. when the market moves smoothly my system performed like a big boss. {image}

you are mixing up rules from RH TMS(r) with Big E TMS.

Big E TMS 5-Method crossover trades are quite similar to that taught by Dean Malone using his TDI

Read and Study his posts in his old thread.

These 5 posts are examples.... 5 posts are quite enough, there are more.

https://www.forexfactory.com/thread/...88#post4355588

https://www.forexfactory.com/thread/...09#post4355609

https://www.forexfactory.com/thread/...08#post4356308

https://www.forexfactory.com/thread/...75#post4362975

https://www.forexfactory.com/thread/...18#post4363018

https://www.forexfactory.com/thread/...31#post4363031
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,926
  • Nov 28, 2020 6:19am Nov 28, 2020 6:19am
Quoting hasib
{quote} I have considered the FTMO challenge is a challenge that I want to overcome in the next 6 months. Yes, they have a business model but there is a reward too. AS a small trader I need to consider that is an opportunity. Many people fail and FTMO makes business and Many people pass and change their life too.
Yes i didn‘t want to say its of no use. Just be realistic and see there are other ways too.

I would be happy to see you succeed and find success with trading for a prop company so you can make a living out of it. If you managed doing so for at least 2 years let me know and we can talk ;-)
  • #111,927
  • Nov 28, 2020 6:30am Nov 28, 2020 6:30am
Quoting hasib
{quote} I have considered the FTMO challenge is a challenge that I want to overcome in the next 6 months. Yes, they have a business model but there is a reward too. AS a small trader I need to consider that is an opportunity. Many people fail and FTMO makes business and Many people pass and change their life too.

You need to have a purpose why you want to take part in that FTMO Challenge.

To make money is not a purpose.

Initially I thought Big E' purpose in trading forex was to make money but I got to know a few traders from his skype group and one of them told me a few things about the man. His purpose was not to make money. He has more then he need and he gave them away.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,928
  • Nov 28, 2020 6:52am Nov 28, 2020 6:52am
Quoting emmanuel7788
{quote} you are mixing up rules from RH TMS(r) with Big E TMS. Big E TMS 5-Method crossover trades are quite similar to that taught by Dean Malone using his TDI Read and Study his posts in his old thread. These 5 posts are examples.... 5 posts are quite enough, there are more. https://www.forexfactory.com/thread/...88#post4355588 https://www.forexfactory.com/thread/...09#post4355609 https://www.forexfactory.com/thread/...08#post4356308 https://www.forexfactory.com/thread/...75#post4362975...
Actually, I was explaining the RH method and I give 100% credit to big E for 5 ema shift 2. RH borrowed the BigE 5s2 ema concept.
Now you share the post I learn BigE also uses RSI 50 for a better entry. excellent, BigE you beauty.
MA provides the market's current direction and strength.
  • #111,929
  • Nov 28, 2020 7:06am Nov 28, 2020 7:06am
Hi everybody,

Another view for Gbp Usd

H4 and D1

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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #111,930
  • Nov 28, 2020 7:28am Nov 28, 2020 7:28am
Quoting emmanuel7788
{quote} You need to have a purpose why you want to take part in that FTMO Challenge. To make money is not a purpose. Initially I thought Big E' purpose in trading forex was to make money but I got to know a few traders from his skype group and one of them told me a few things about the man. His purpose was not to make money. He has more then he need and he gave them away.
Hmm i think a well planned strategy and execution would be enough. A lot of traders lose money eventually because of greed in “wanting to make money”

But I believe most if not all of us trading Forex have at least part of the purpose to make money. If not we would not join the market, rather just do donation, volunteering. Easier and stress-free too

I come to forex to make extra money and make a hobby, even I already have a well paid job. Prop firm can be a short to mid-term approach to leverage for more income. It is probably the reason many people wanting to join FTMO.

A higher purpose is probably an effective way to maintain discpline
  • #111,931
  • Nov 28, 2020 7:43am Nov 28, 2020 7:43am
Different way of looking TDI
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MA provides the market's current direction and strength.
  • #111,932
  • Nov 28, 2020 8:43am Nov 28, 2020 8:43am
Quoting tommydoginti
{quote} Hmm i think a well planned strategy and execution would be enough. A lot of traders lose money eventually because of greed in “wanting to make money” But I believe most if not all of us trading Forex have at least part of the purpose to make money. If not we would not join the market, rather just do donation, volunteering. Easier and stress-free too I come to forex to make extra money and make a hobby, even I already have a well paid job. Prop firm can be a short to mid-term approach to leverage for more income. It is probably the reason...
  • #111,933
  • Nov 28, 2020 11:02am Nov 28, 2020 11:02am
Quoting LvMMT
Hi everybody, Another view for Gbp Usd H4 and D1 {image} {image} God bless everyone!
From your analysis, where is GU heading to? Up or down?
  • #111,934
  • Nov 28, 2020 11:32am Nov 28, 2020 11:32am
Quoting Glorybound
{quote} From your analysis, where is GU heading to? Up or down?
It doesn‘t matter.
  • #111,935
  • Nov 28, 2020 11:41am Nov 28, 2020 11:41am
Quoting Tekkies
{quote} You missed post#1 to post#117, post#119 to post#121 Grow up Emmanuel.
Attached Image
Hi Tekkies,

For some reason I cannot send images in PMs I'm using the SIGTDIS2 indicator as you suggested for TradingView.

Are these settings correct?
  • #111,936
  • Nov 28, 2020 12:53pm Nov 28, 2020 12:53pm
Quoting lddd
{quote} It doesn‘t matter.
yes. It's true we just need 10 to 20 pipe after getting a signal in our system.
MA provides the market's current direction and strength.
  • #111,937
  • Edited 2:48pm Nov 28, 2020 2:09pm | Edited 2:48pm
Quoting Sunfrog
{quote} {image}Hi Tekkies, For some reason I cannot send images in PMs I'm using the SIGTDIS2 indicator as you suggested for TradingView. Are these settings correct?
Change Lenthrsi to 13. (RSI period 13)
>> You have to add Stoch to your chart.
>> You can use Candle bar or Heiken Ashi.
---------
Remember that when you adjust the TDI sub window you also change how the angle looks to the eye.
Narrow sub window will show more flat angle, wide sub window will show more sharp angle.
Make sure all the charts have the same wide sub window.
Both sub windows same width .
Try not to use zoom as well. Give the old brain a change to look everyday at the same chart format that will allow it to assimilate the points in post#647 better and in a shorter time span
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  • #111,938
  • Edited 2:34pm Nov 28, 2020 2:18pm | Edited 2:34pm
Quoting DrDave
{quote} Or, what if that weekly is showing a RALLY to the W16 down swing? And the lower TF down trends, as seen on H4, are cycling further downwards that bring higher TFs into down continuations to W16? Don't count your trends until they are hatched on lower TFs. {image} {image}
@DrDeceit -- you and your silly non-standard MT4 timeframes that require configuring multiple offline charts that suck the CPU-life out of an MT4 session. Why do you bother? No one else uses them.

First there was H8, then H16, now W16? What is W16? There's only 52 weeks / year, so a W16 chart would have less than 4 bars / year. What are you talking about?

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@DrDeceit -- before you post maybe learn a bit more about MT4 timeframes. With you as her mentor, no wonder @Tekkies is still struggling to compute the value of her trades. You know, the one where 20x EURUSD 1-lot BUY positions at -33 Pip drawdown has a value of $1.30 USD.
  • #111,939
  • Nov 28, 2020 2:21pm Nov 28, 2020 2:21pm
Quoting hasib
Different way of looking TDI {image}
@hasib -- pretty, but those divergent lines can only be drawn in hindsight. Without a time machine, how do you trade divergence in real-time?
  • #111,940
  • Nov 28, 2020 2:25pm Nov 28, 2020 2:25pm
Quoting Glorybound
{quote} From your analysis, where is GU heading to? Up or down?
my view as of New York Nov 27 Friday Close

H4 is range bound with a D1 Master Candle high-Low.

H4 has an ATR 46 pips and we can trade M15 with TP1, TP2, TP3 +5pips, +10pips, +15 pips and let the market decide the final TP.

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more live trading when the market opens.

stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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