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Trading Made Simple

  • #117,821
  • Mar 31, 2021 2:17am Mar 31, 2021 2:17am
Quoting emmanuel7788
EMBasket Mar31 Weekly Swing trading - second week selling this EMBasket - took some profits from open positions and re-entry made {image} If you are interested to trade the forex baskets , here is the link: https://www.fxcm.com/markets/forex-baskets/
plesae explain more what to look for in this site,i read the article but it doesnt say the strategy or any technique.thanks
i want to amke chf basket,what pairs should i take.
usdchf
chfjpy
usdjpy?
  • #117,822
  • Mar 31, 2021 2:29am Mar 31, 2021 2:29am
Quoting Inthebox
anyone still buying gbpaud?
i am buying GA and GN
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  • #117,823
  • Mar 31, 2021 4:42am Mar 31, 2021 4:42am
Quoting Inthebox
anyone still buying gbpaud?
ga result.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,824
  • Mar 31, 2021 5:18am Mar 31, 2021 5:18am
Good morning and thank you for sharing this strategy.

So if I understand correctly, stochastic is only used to show you the trend while TDI gives you your entry and exits

May I ask why you can't use stochastic on its own?
For example, can't you use 4H stochastic to show you the trend and use 1H stochastic for your entry signals? Wouldn't that work?
Do you see any advantage of using TDI over stochastic?

Thank you
Mike
  • #117,825
  • Mar 31, 2021 6:07am Mar 31, 2021 6:07am
Quoting MIC85POU
Good morning and thank you for sharing this strategy. So if I understand correctly, stochastic is only used to show you the trend while TDI gives you your entry and exits May I ask why you can't use stochastic on its own? For example, can't you use 4H stochastic to show you the trend and use 1H stochastic for your entry signals? Wouldn't that work? Do you see any advantage of using TDI over stochastic? Thank you Mike
stochastic is not a trend indicator. it is a cycle indicator with limitations on overbought and oversold.
if one were to use it on its own, how does one trade the following overbought blue shaded zone?
whereas the tdi showed the uptrend.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,826
  • Edited 7:44am Mar 31, 2021 7:30am | Edited 7:44am
Quoting Inthebox
{quote} stochastic is not a trend indicator. it is a cycle indicator with limitations on overbought and oversold. if one were to use it on its own, how does one trade the following overbought blue shaded zone? whereas the tdi showed the uptrend. {image}
Thank you for pointing this out. This has always been a problem for me once stochastic was in the overbought / oversold territory. I never knew how to fix this
Thanks to you now I know. You helped me big time.

I see you're not using TDI but RSI (13) + a moving average (7). Maybe you're having the same result?

Do you enter a buy order once the RSI has crossed over your MA and stay in until RSI crossed it down or do you enter with stochastic and only exit with RSI and MA?

May I ask what you do when your RSI and MA lines are on top of each other for a little while. Do you stay in the trade until RSI really crosses it?

Thanks a lot
Mike
  • #117,827
  • Mar 31, 2021 10:33am Mar 31, 2021 10:33am
Quoting MIC85POU
{quote} I see you're not using TDI but RSI (13) + a moving average (7). Maybe you're having the same result? Do you enter a buy order once the RSI has crossed over your MA and stay in until RSI crossed it down or do you enter with stochastic and only exit with RSI and MA? May I ask what you do when your RSI and MA lines are on top of each other for a little while. Do you stay in the trade until RSI really crosses it? Thanks a lot Mike
tdi setting for green and red lines is rsi 13, sma 7. tdi smoother, rsi is more sensitive.

never enter on every tdi cross, will die many times over.
must know the reasons why tdi cross at that particular location.
i don't use stochastic, the lesser indicator the better.

i do not know what kind of trader are you. scalp, day trade, swing, investing?
htf tdi can cross and lasts for many hours or days, ltf tdi can cross many times.
so i shall generalize for day trading using the h1 candle for entry.

*ask yourself this question.
if one can only do one trade per day, where will be the best location to trade?
the best location or key level for me will be at support and resistance.
but there are so many SR.
so i simplify them looking at d1 high low. think of it, every one of them is ltf SR isn't it?

so around d1 high low key levels, observe how price react.
best to trade in the direction of trend, take lesser profit for counter trend.
gbp pairs can react with 15-30 pips which is enough for the day, getting 1% or so equity.

key levels are most important to me, i do not worry about the tdi criss crossing once entry is made.
from the chart below i can enter a buy during london session where a pin bar formed at the support (29mar low),
tdi green above red, and tp around a resistance level, which is also round number 1.38, achieving around 30 pips.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,828
  • Mar 31, 2021 11:01am Mar 31, 2021 11:01am
good day friends,
i need your help if ther's any dashboard indicator shows the color of the current & previews APB candle color
wish you all a green trading
  • #117,829
  • Mar 31, 2021 12:16pm Mar 31, 2021 12:16pm
Similar to ITB, TDI is more a trade entry signal.

GU scalp short. TDI sell cross with regular divergence, rejection from resistance. missed the candle open.

so entered at top of freshly violated QM range, enter at top and exit at HL of QM. 10 pips after spread

As BigE said, TDI is the signal to notify opportunities, and time trades, but PA analysis is the major decision maker.

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  • #117,830
  • Mar 31, 2021 1:58pm Mar 31, 2021 1:58pm
this illustrates gu 20 odd pips reaction to 29mar high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,831
  • Mar 31, 2021 3:38pm Mar 31, 2021 3:38pm
Quoting MIC85POU
Good morning and thank you for sharing this strategy.
So if I understand correctly, stochastic is only used to show you the trend while TDI gives you your entry and exits
May I ask why you can't use stochastic on its own?
For example, can't you use 4H stochastic to show you the trend and use 1H stochastic for your entry signals? Wouldn't that work?
Do you see any advantage of using TDI over stochastic?
Thank you
Mike
Hi Mike

After more than 10 years trading with Dean Malone' Synergy Traders Dynamic Index, I can tell you there is no advantage using his TDI over the Stochastics.
You use the Stochastics to look for the True REVERSAL setup candle and confirm that setup with the TDI' green price line.
With lots of live trading experience, you can trade strip the TDI from your charts and trade without it. The next step would be to strip the Stochastics from your charts too. You would be left with only the APB/HA candles and the 5EMA, Typical Price,Shift+2. You will see the the Price Action still the same.

Same time 10 years ago, the OP' posts
https://www.forexfactory.com/thread/...91#post4507291
https://www.forexfactory.com/thread/...05#post4507305

Read and study the old thread and learn how the OP used the Stochastics when he started back in 2008.

You know "The brutal truth of day trading" very well.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,832
  • Mar 31, 2021 3:42pm Mar 31, 2021 3:42pm
Quoting emmanuel7788
GBPAUD Mar30 H4 London Session - a good PA setup with good slope > 4.0 - Weekly is sideways and Trend 2/8 just turned bullish - with that Weekly WCC High-Low, there is room for +50pips to test the WCC High 1.8111 {image}
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GBPAUD Mar 31 New York closing

- very nice close above 1.8111 ...
- and getting out of the Weekly' WCC range

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,833
  • Mar 31, 2021 10:45pm Mar 31, 2021 10:45pm
gbpusd ranging. probably the high low has been set for asia session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,834
  • Apr 1, 2021 12:26am Apr 1, 2021 12:26am
aud news driven.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,835
  • Apr 1, 2021 12:41am Apr 1, 2021 12:41am
asia session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,836
  • Apr 1, 2021 2:10am Apr 1, 2021 2:10am
Inserted Video
MA provides the market's current direction and strength.
  • #117,837
  • Apr 1, 2021 2:23am Apr 1, 2021 2:23am
Quoting Inthebox
aud news driven. {image}
some reaction to resistance.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,838
  • Edited 3:17am Apr 1, 2021 2:27am | Edited 3:17am
Quoting emmanuel7788
{quote} Hi Mike After more than 10 years trading with Dean Malone' Synergy Traders Dynamic Index, I can tell you there is no advantage using his TDI over the Stochastics. You use the Stochastics to look for the True REVERSAL setup candle and confirm that setup with the TDI' green price line. With lots of live trading experience, you can trade strip the TDI from your charts and trade without it. The next step would be to strip the Stochastics from your charts too. You would be left with only the APB/HA candles and the 5EMA, Typical Price,Shift+2....

Thanks a lot Emmanuel
The post about stochastc you shared is excellent, I just started reading it. A lot of truth in there. Trading only one pair, one timeframe...

Stochastic is an indicator I really like. I will probably do without it after a while but at this moment, it's a huge help.
I also tried TDI and it helps staying in a trade in the overbought and oversold areas. However, it looks like MACD can also help me stay in in these territories and not getting out too soon because of the conflicting signals I receive with the stochastic.

I also tried an alternative using a MA plotted on the stochastic specifically for these extreme levels and it seems to be doing the same as well.
I know you're probably not using it anymore but if you did, how did you manage when the stochastic signals in the oversold and overbought territory were difficult to read but the price kept going up or down? Is there any other way besides the TDI. Maybe simply the 5 EMA as you said?

The person in the other post talked about using only one timeframe. Would you agree with him?
Personnally I'm using the 1H timeframe for the overall trend and the 15 min for finding the set ups. For example, if the 1H is going up, I wait for the stochastic to cross up and only take buy orders but if the person is using only one timeframe with stochastic, he/she must be getting in when stochastc crosses up and getting out when the price crosses down on the same timeframe.

I'm wondering if I really need two timeframes, though. Would you say it's better to use one or two timeframes?
I'm always using two to know whether I should place buy or sell orders and follow the overall trend but is it really necessary to have two?

May I ask how do you use the 5 EMA? The price seems very close to the EMA. Is it not too difficult to know when the price crosses?

Thanks again
Mike
  • #117,839
  • Apr 1, 2021 3:10am Apr 1, 2021 3:10am
Quoting Inthebox
asia session. {image}
europe session.
reaction to support.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,840
  • Apr 1, 2021 3:23am Apr 1, 2021 3:23am
Follow TDI
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Took a month off and went back to why I went in to margin call. Conclusion > Making the assumption Tekkes know Forex better then TDI.
How wrong.
It always come back to this > Post 64,386

Here are a some trades per day (paper trading on M15 EURUSD) done only following TDI crossover from Frankfurt open to plus the first two/three houers of New York open.
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a Little spreadsheet for those days of paper trading. (Spreadsheet is for cent account and ZAR. Change calculation for your own account)
Attached File(s)
File Type: xlsx M15eachday.xlsx   44 KB | 385 downloads

There is not much else to post.
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