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Trading Made Simple

  • #117,841
  • Apr 1, 2021 7:05am Apr 1, 2021 7:05am
Quoting Tekkies
Follow TDI {image} 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. {image} a Little spreadsheet for those days of paper trading. (Spreadsheet is for cent account and ZAR....

More then five years ago and around this same time,

https://www.forexfactory.com/thread/...78#post8834678

What has happened with another Margin Call in just 3 months trading?

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Overview 1-4-2021 7-40-51 pm.png Size: 110 KB



A recommended book to read over this long weekend for some.

Rob Bookers book title Adventures of a Currency Trader

http://www.forexfactory.com/showthre...70#post7998770

Enjoy!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,842
  • Apr 1, 2021 7:57am Apr 1, 2021 7:57am
gbpusd. break or reject at 1.38?
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,843
  • Apr 1, 2021 7:57am Apr 1, 2021 7:57am
Quoting Tekkies
Follow TDI {image} .... {image}{image}{image}

Follow TDI ... YES!

But you did not follow Post#261.... 5-Method BASICS!

There was no swing low and there was no true REVERSAL setup candle. H1 was not in favour at that time of your M15 entry.


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies 174 8411 EU M15 chart 1-4-2021 8-47-54 pm.png Size: 103 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,844
  • Apr 1, 2021 8:01am Apr 1, 2021 8:01am
Inserted Video
MA provides the market's current direction and strength.
  • #117,845
  • Apr 1, 2021 8:29am Apr 1, 2021 8:29am
Quoting MIC85POU
{quote} 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....

Hi Mike

Trading M15 I would look at the completion of the H1 price action. Jumping into a trade based on the M15 TDI cross is very risky.

Example EURUSD post by Tekkies above. His M15 TDI cross was risky and he did not pick the best setups with price action and MOMENTUM.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Apr01 M15 review2 1-4-2021 9-18-38 pm.png Size: 59 KB


The use of the Stochastics is important to pick the reversal setup (Post#261) and the TDI green price line is to signal to decide the trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,846
  • Apr 1, 2021 10:21am Apr 1, 2021 10:21am
Today's paper trading. Only TDI green cross red.

The spreadsheet (Post 117,841) ended at 19 days. Today will be nr 20. 15 winning days vs 5 losing days for a month, not bad.
Attached Image (click to enlarge)
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  • #117,847
  • Apr 1, 2021 11:26am Apr 1, 2021 11:26am
Inserted Video
MA provides the market's current direction and strength.
  • #117,848
  • Apr 1, 2021 11:37am Apr 1, 2021 11:37am
Inserted Video
MA provides the market's current direction and strength.
  • #117,849
  • Edited 12:15pm Apr 1, 2021 11:45am | Edited 12:15pm
Quoting emmanuel7788
{quote} Hi Mike Trading M15 I would look at the completion of the H1 price action. Jumping into a trade based on the M15 TDI cross is very risky. Example EURUSD post by Tekkies above. His M15 TDI cross was risky and he did not pick the best setups with price action and MOMENTUM. {image} The use of the Stochastics is important to pick the reversal setup (Post#261) and the TDI green price line is to signal to decide the trade.

Thank you for sharing this.

I looked at post 261 and they say they're only using stochastic as a confirmation but I guess that confirmation must take place before RSI crosses the red line. RSI crossing the red line would be used to pull the trigger I suppose. However the problem comes as you pointed out when RSI heads down after crossing
So if I understand correctly, you first need stochastic to cross up and then wait for TDI (RSI crossing the red line), if so, it's a buy order

Yet , in Tekkies' chart, when you're saying it wasn't the right set up, I can see that stochastic is crossing up and RSI is doing the same just after that but then heads down a little before going up again which could have reversed and go down even more in the worst case scenario with candles that are not clearly above the EMA.

May I ask if you would have entered on the first green candle of the H1 candle or would you have waited for the candle number 4 before entering that trade or would you have skipped it altogether?

If I look at my M15 chart, me plotting stochastic and MACD, I can see that stochastic crosses up, followed by MACD that points to the second candle of your H1 candle which kind of avoid the issue with RSI pointing downward as MACD always seems to point to the first candle above the 5EMA. Do you think it would have been the right set up to enter the trade and if MACD can be relied on?

I really appreciate you taking the time

I've been using Stochastic with MACD as a double cross strategy and I'm wondering if MACD could be used as a replacement of TDI or not
But in the end, I think I'm gonna do like you guys do with stochastic and TDI as this seems to be followed by a lot of people but maybe it's also possible to use stochastic with just the 5 EMA, using stochastic as a confirmation and once the candle closes above the 5 EMA, maybe that would be the entry signal, I don't know

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  • #117,850
  • Apr 1, 2021 12:15pm Apr 1, 2021 12:15pm
Quoting Tekkies
Follow TDI {image} 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. {image} a Little spreadsheet for those days of paper trading. (Spreadsheet is for cent account and ZAR....
@Tekkis nice to see you around again.

I suggest to wait for additional confirmation before entering a trade. For me is divergence and level rejections. Your chart showed a nice divergence in and TDI bounce signal

Just a scalp in GU. Sell upon TDI cross, but only enter at triple peak regular divergence, one of my favourite patterns.

good luck!

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  • #117,851
  • Apr 1, 2021 12:25pm Apr 1, 2021 12:25pm
Quoting Inthebox
aud news driven. {image}
exhaust candle.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #117,852
  • Apr 1, 2021 2:44pm Apr 1, 2021 2:44pm
Quoting MIC85POU
{quote} Thank you for sharing this. I looked at post 261 and they say they're only using stochastic as a confirmation but I guess that confirmation must take place before RSI crosses the red line. RSI crossing the red line would be used to pull the trigger I suppose. However the problem comes as you pointed out when RSI heads down after crossing So if I understand correctly, you first need stochastic to cross up and then wait for TDI (RSI crossing the red line), if so, it's a buy order Yet , in Tekkies' chart, when you're saying it wasn't the right...
Post#1 also state that Stoch is for confirmation only. Pay attention to the wording.
> It is ONLY used to confirm direction. Nothing else.
Those yellow line. Did Stoch confirm TDI green direction?
Attached Image

Have you read about the angle of TDI green?
Which angle above/below do you trade, between which angles do you not trade?
Read Post 65,052
Attached Image

MACD to replace TDI?
BigE wrote this: If you add other things it will influence your decisions
Did you read Dimi.A!`s post? Why did he hightlight that sentance in yellow?
By the way here is his TE from way back with TDI: Post 62,026
(Way better then mine)
Take heed of his words.

Trade safe.
  • #117,853
  • Apr 1, 2021 5:06pm Apr 1, 2021 5:06pm
I was happy with this one. See you next week.
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  • #117,854
  • Apr 1, 2021 9:18pm Apr 1, 2021 9:18pm
Quoting MIC85POU
{quote} Thank you for sharing this. I looked at post 261 and they say they're only using stochastic as a confirmation but I guess that confirmation must take place before RSI crosses the red line. RSI crossing the red line would be used to pull the trigger I suppose. However the problem comes as you pointed out when RSI heads down after crossing So if I understand correctly, you first need stochastic to cross up and then wait for TDI (RSI crossing the red line), if so, it's a buy order Yet , in Tekkies' chart, when you're saying it wasn't the right...

Yes. Post#261 is very important to follow when you pick only he best setups to trade.

As mentioned by the OP, these conditions are important. One of the key point is the reversal and the Stochastics(8,3,3) must show the %K cross %D to confirm a reversal and then the TDI' RSI green price line must show the MOMENTUM with a good slope.
To learn how the OP pick the best setups , you need to to know how he traded Craig Harris NFF reversal setups and he use the TDI as additional information to support the NFF reversal setups plus the use of the HA candles Price Action and the 5EMA Typical Price, Shift+2 (or +3).

Post#261 below :

The TDI (shows the price momentum) is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,855
  • Apr 1, 2021 9:34pm Apr 1, 2021 9:34pm
Quoting MIC85POU
{quote} ...
If I look at my M15 chart, me plotting stochastic and MACD, I can see that stochastic crosses up, followed by MACD that points to the second candle of your H1 candle which kind of avoid the issue with RSI pointing downward as MACD always seems to point to the first candle above the 5EMA. Do you think it would have been the right set up to enter the trade and if MACD can be relied on?
I really appreciate you taking the time
I've been using Stochastic with MACD as a double cross strategy and I'm wondering if MACD could be used as a replacement...

MACD to replicate the TDI' green and red lines

Some traders use the MACD (2,13,7) to replicate the TDI' green and red lines. In doing this means the rules are changed because the slope of the green line is not the same when you use the TDI in Post#25.
Using the MACD(2,13,7) you have other technical conditions to check and consider as filters to pick the best trade setups.
I have done this and the results show better performance when swing trading the 4H and Daily. You must be very disciplined in how you pick your trade setups and use Money Management and risk management.

The key here is still the Stochastics(8,3,3) for the reversal candle setup and the MACD(2,13,7) as the filter.

The OP also mentioned you can use the CCI instead of the TDI. He was opened to certain changes but he would advised people to test them in Demo before going live. the same advice he gave using the TDI.
What is very important is exactly what the OP said many times : "Follow Simple Rules for Entries and Exits". (Post#2617) This is what his Trading Made Simple is all about.
https://www.forexfactory.com/thread/...18#post4619118
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,856
  • Apr 1, 2021 9:45pm Apr 1, 2021 9:45pm
Quoting Tekkies
{quote} Post#1 also state that Stoch is for confirmation only. Pay attention to the wording. > It is ONLY used to confirm direction. Nothing else. Those yellow line. Did Stoch confirm TDI green direction? {image} Have you read about the angle of TDI green? Which angle above/below do you trade, between which angles do you not trade? Read Post 65,052 {image} MACD to replace TDI? BigE wrote this: If you add other things it will influence your decisions Did you read Dimi.A!`s...

YES! Tekkies

1) Stochastics is for confirmation of the NFF swing high / swing low and the True REVERSAL candle.

2) Stochastics is also for the confirmation of Big E' 5-Method REVERSAL candle setup.

Combine 1) and 2) both above, you will find the best setup using the APB/HA candles + 5EMA Typical Price, Shift+2 (or +3)

and follow Post#261 and also do not forget Post#647.https://www.forexfactory.com/thread/...40#post4581540

If you follow these above and use Money Management with discipline and the Mental Strategies for Trading Made Simple, you will succeed in making money in the next 9 months - April to Dec 2021.
But you are not likely to recover the 80% Drawdown you suffered in last 3 months Dec2020, Jan and Feb 2021.

I will again explain the Drawdown and Recovery with more posts later now that we see you blow you account again.


Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Overview 1-4-2021 7-40-51 pm.png Size: 110 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,857
  • Apr 1, 2021 10:25pm Apr 1, 2021 10:25pm
who's looking for eurnzd sell setup (now pullback)?
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,858
  • Edited 3:06am Apr 2, 2021 2:01am | Edited 3:06am
Quoting emmanuel7788
{quote} MACD to replicate the TDI' green and red lines Some traders use the MACD (2,13,7) to replicate the TDI' green and red lines. In doing this means the rules are changed because the slope of the green line is not the same when you use the TDI in Post#25. Using the MACD(2,13,7) you have other technical conditions to check and consider as filters to pick the best trade setups. I have done this and the results show better performance when swing trading the 4H and Daily. You must be very disciplined in how you pick your trade setups and use Money...

Thanks a lot Emmanuel

May I ask just one last thing?
What is a reversal candle for long and short entries? Does it have to close above the 5 MA? Must it have a long or short body? does it have a long or short wick on top of it or to the downside? what are its characteristics that tells you that's the candle I need to enter that trade?

Thanks again
Mike
  • #117,859
  • Apr 2, 2021 3:52am Apr 2, 2021 3:52am
Quoting solorik
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
Hi solorik

You can use the Pipware charts by stratman and display the APB/HA candles in different timeframes.

templates and indicators:

here is the link to the old post #76,270
https://www.forexfactory.com/thread/...59#post9588859

Pipware charts by FF member stratman.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Apr02 pipware HA candle mode 2-4-2021 4-36-39 pm.png Size: 59 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,860
  • Apr 2, 2021 4:01am Apr 2, 2021 4:01am
Quoting MIC85POU
{quote} Thanks a lot Emmanuel May I ask just one last thing? What is a reversal candle for long and short entries? Does it have to close above the 5 MA? Must it have a long or short body? does it have a long or short wick on top of it or to the downside? what are its characteristics that tells you that's the candle I need to enter that trade?
Thanks again Mike

Hi Mike

watch these videos learn EVERYTHING that Big E learned back in 2008 and 2010.

Swing High Low click

How To spot a true Reversal Candle webinar ... click

you must first learn to spot the NFF reversal candles.

here is the pdf checklist.

when market opens, you must be disciplined to spot a reversal bar/candle with Stoch signal, then look at the TDI#25.

use this example below and when the market is open it is easy to spot these trader setup conditions.

Attached Image (click to enlarge)
Click to Enlarge Name: REVERSAL candle example 2-4-2021 4-58-14 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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