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Trading Made Simple

  • #119,881
  • Jun 2, 2021 7:18pm Jun 2, 2021 7:18pm
Quoting emmanuel7788
{quote} {image} 10 hours ago I posted the above. BINGO! Now 10 hours passed .... EU hit its 5R level using the "Yellow Brick Road" and Price Action. - using the PAC, we place our Stop Loss above the PAC-High when we sell. - still with some room to go lower to today' 1.2158. {image} coming up next, we look for the 4H Swing Trade with 9R potential
coming up next, we look for the 4H Swing Trade with 9R potential

started stalking for my 9R trades for June-July.

now you all read and study Big E' posts with training charts and spot those 3R to 9R trades he posted before.

EU Tokyo Open 9am

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GU Tokyo Open 9am


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If you risk say $1,000 for the first R level, how many much money can you make in a 9R move?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,882
  • Jun 2, 2021 8:43pm Jun 2, 2021 8:43pm
Quoting emmanuel7788
{quote} coming up next, we look for the 4H Swing Trade with 9R potential started stalking for my 9R trades for June-July. now you all read and study Big E' posts with training charts and spot those 3R to 9R trades he posted before. EU Tokyo Open 9am {image} GU Tokyo Open 9am {image} If you risk say $1,000 for the first R level, how many much money can you make in a 9R move?
to pick the next 9R trade,

do this homework.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,883
  • Jun 2, 2021 8:51pm Jun 2, 2021 8:51pm
Quoting emmanuel7788
{quote} to pick the next 9R trade, do this homework. {image}
Next,

find a 4H swing trade with potential to "upsize" to a Daily/Weekly Swing Trade.

Follow this picture:

Attached Image

Look at other pairs too!
I have 6 groups of currency pairs:
https://www.forexfactory.com/thread/...6#post13419096
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,884
  • Edited 10:32pm Jun 2, 2021 9:20pm | Edited 10:32pm
Quoting hasib
New prop firm don't support indices trading. Why? Because if the allow indices trading they will lose their profit. {image}
Interesting..... So, basically you disagree with the opinion from ET user named 'Gaussian' in my previous posting.......
Before I finally moved to /NG trading, I used to trade /NQ and /ES for about a year but I found they are no better than forex. Anyway, people love /NQ for its volatility and high ADR. You trade /YM and it seems this is the least loved one among the three musketeers.
Quoting heispark
The problem of TDI is it doesn't give enough context, and therefore traders have to have strong enough PA reading skill to properly catch high provability trading. TDI clock angle or line crossings BS is a perfect way to blow your account. It might have worked 10 years ago, but not now. Also, forex and stock index are full of noise and very difficult to trade. Read this and enjoy your dunning kruggering. https://www.elitetrader.com/et/threa...enalty.337633/...
There is a smart user named hilmy83 who quit forex trading and then moved to /NQ trading. It looks it didn't make him a profitable trader in the long run either. You may want to read his super honest and interesting journal thread: https://www.elitetrader.com/et/threa...e-gang.334231/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #119,885
  • Jun 2, 2021 9:56pm Jun 2, 2021 9:56pm
Quoting emmanuel7788
{quote} {image} {image} here is Big E Post#647 Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short...
Explain: When wanting to enter a "TDI trade"
plus
You overlooked TDI cross with angle above/below 2/4
Nice try Emmanuel.
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  • #119,886
  • Edited 10:52pm Jun 2, 2021 10:27pm | Edited 10:52pm
Quoting heispark
The problem of TDI is it doesn't give enough context, and therefore traders have to have strong enough PA reading skill to properly catch high provability trading. TDI clock angle or line crossings BS is a perfect way to blow your account. It might have worked 10 years ago, but not now. Also, forex and stock index are full of noise and very difficult to trade. Read this and enjoy your dunning kruggering. https://www.elitetrader.com/et/threa...enalty.337633/...
"The problem of TDI is it doesn't give enough context"
> TDI green cross red is only a indication that a possibility exist to place a trade.
"therefore traders have to have strong enough PA reading skill to properly catch high provability trading"
> Try to use the advice in post#647.

What has changed over 10 years that will cause the TDI clock angle not to work today?
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  • #119,887
  • Jun 2, 2021 11:39pm Jun 2, 2021 11:39pm
Quoting Tekkies
{quote} Explain: When wanting to enter a "TDI trade" plus You overlooked TDI cross with angle above/below 2/4 Nice try Emmanuel. {image}

this thread is not about trading TDI green cross red and no matter what the distorted screen of the green line slope/angle shows.

here is Big E Post#647

Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X

and Dulof trades charts are good examples how he looked at Price Action according to Post#647 above and made his trade decision.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,888
  • Jun 2, 2021 11:49pm Jun 2, 2021 11:49pm
Quoting heispark
{quote} Interesting..... So, basically you disagree with the opinion from ET user named 'Gaussian' in my previous posting....... Before I finally moved to /NG trading, I used to trade /NQ and /ES for about a year but I found they are no better than forex. Anyway, people love /NQ for its volatility and high ADR. You trade /YM and it seems this is the least loved one among the three musketeers. {quote} There is a smart user named hilmy83 who quit forex trading and then moved to /NQ...
oK I will read
MA provides the market's current direction and strength.
  • #119,889
  • Jun 3, 2021 12:55am Jun 3, 2021 12:55am
Quoting emmanuel7788
{quote} this thread is not about trading TDI green cross red and no matter what the distorted screen of the green line slope/angle shows. here is Big E Post#647 Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe...
Are you sure about this?: "this thread is not about trading TDI green cross red".

It is contradicting to what BigE has posted:
Post#1.... The key to this method is the Traders Dynamic Index indicator for entries and exits.
Post#2... 1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle
Post#6
Entries and exits...
We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.
If you add other things it will influence your decisions... usually to your detriment. Don't try to complicate it thinking it can't be this easy.
Important to study TDI entries on old charts, any time frame... Give yourself a chance and trade it like it's laid out...

Post#261... The TDI 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.

Even the post you refer to has this: When wanting to enter a TDI trade
Wow, BigE underlined that sentence

Nice try Emmanuel
  • #119,890
  • Jun 3, 2021 1:40am Jun 3, 2021 1:40am
As stated again and again. Psychology is not the root cause of losing as a trader. It's the lack of edge. If you really think you can create alpha by drawing a couple of lines on your chart as your only source of trade generation, you are wrong.

Now the financial education industry makes you believe that this is sufficient and you just have to practise enough and that is how your brain starts to work against you.

"It should be possible, they all say it is"
-> you're losing money
-> now you beat yourself up for being bad and not disciplined
-> you're scared shitless as soon as you enter a new position, take profits too early and stop out too late.

The solution to this is simple but not easy:

You have to space out of this entire "read internet to copy a plan" workflow.
Sit down and realize that you have no single clue about the markets. You know nothing, zilch, zero.

Then think about what niche you would be able to cover. Are you an arbitrage trader, relative value, momentum, fundamental investor...how would you like to spend your day?
Go from there.

After that, LEARN your market. Why does it exist and who benefits, who are the players, what can they do and whehn do they trade.

It absolutely baffles me that people are playing the oil complex with charts without a single clue about refineries, producers, storage, transport and trade.
They play breakouts when an entire armada of tankers are sitting in front of a major hub waiting to clear. People trade eMinis without even knowing how ETFs are priced, what basis is and when APs are balancing their portfolios when prices get out of line.Learn that stuff to get the big picture.


Third you have to learn how to build a strong position, meaning a position that you cannot get squeezed out by the market by a couple of ticks. If your general plan is good but your position is trash, you are not gonna be able to hold and profit. Learn how to spread and use options. Learn how to control risk with size instead of stops and how to establish a core position and trade around your average. If you can only use one contract or 100 shares, the market is too big for you.


4rth look for side plays that happen due to major events that nobody looks at. The best play in GME was not shorting the stock when everybody tried to do the same. This trade is crowded and choppy. If you shorted the hyperinflated OTM puts you had a free ride.

The best play in oil when Hin Leong went belly up was not playing the bounce after MAY20 settled negative but shorting JUN20 against AUG20, because JUN20 was still priced as if nothing happened. One day later everyone rolled into JUN contracts and the premium completely collapsed. Easy money and huge reward for your risk.


This game is fucking hard and when you come up with a trading plan that you fabulated together yourself after reading books and the internet without even looking at the actual market you are trading it is like opening a book store right next to AMZN headquarters without even being able to read.


Read more here https://www.elitetrader.com/et/threa....359028/page-2
MA provides the market's current direction and strength.
  • #119,891
  • Jun 3, 2021 1:53am Jun 3, 2021 1:53am
Quoting DrDave
{quote} EURUSD Really, it's just basic trend continuation. That is, if you know how to check the relevant timeframes. H8 turned down, so of course, smaller TFs will rally and then continue down. And this H1 view with TDI and IMT indicators show that when H1 (and H2) made the continuation down, the red Vline marks the first bar after TDI cross confirmed where the sell can be entered. {image}
It happens over-and-over: Today is both EURUSD and GBPUSD simple RALLY then continuation trade.
Yesterday we saw EURUSD H1 (H2) do it followed by H4 ending the day making its rally.

And today is the H4 down continuation.

Use TDI green cross red down, then evaluate your entry criteria to see if you have a sell.

Trading Made Simple with TDI to alert you, and entry criteria, such a green angle, IMT timeframes, etc.

No EAs, no multi-bar setups, not even price bars are needed.
To free Gazans of Hamas, use whatever it takes.
  • #119,892
  • Jun 3, 2021 2:02am Jun 3, 2021 2:02am
Quoting eelfranz
4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... {file}
TMS Monitor Jun03 10PM H4 candle time

and it already happened 2 hours ago...

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now is to wait for the next H4 candle i.e. the 2AM PDT
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,893
  • Edited 2:48am Jun 3, 2021 2:36am | Edited 2:48am
After forming 2B reversal setup. market get slow. Look at H4 chart nothing change still 2B reversal pattern is there.
Look at TDI cross entry we have got 5 TDI cross after the setup. Nothing happen.

TDI cross is TDI cross, you have to understand other things.

Now some BS trader will tell you TDI angle is not there. Truth is TDI angle repaint.
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MA provides the market's current direction and strength.
  • #119,894
  • Edited 3:20am Jun 3, 2021 3:09am | Edited 3:20am
There will be day when our daily direction will not accurate.
There will be day when we start losing in both direction.
There are some techniques to reduce losing day and understand direction less market.
Still you will not 100% accurate. So best things you and I can do as a trader is, Minimize our risk exposure for the day and for the week.

Trader like Tekkies they don't understand those concept. they lose 10% or more in a day still they open trade because they think TDI cross can move the market.
If your losing more than 5% in a day It will be very difficult business for you. Psychology will not help you because you have other problem.
Study old chart, good advice to learn pattern. But if you study old chart and start wishful thinking that every day will get your nice return with TDI cross your missing something big, your account DD will tell you that. If you are still ignoring to learn from your mistake you will be out of business soon.

Very few trader here will tell you how to reduce your risk exposure,
Very few trader will here teach you techniques to understand directionless market.
They will show you some setup. Setup is setup until it proves wrong. You and I need to understand some Techniques to reduce risk exposure and understand how to handle market condition change. Yes we are not fortune tellers but we could improve a lot by learning those things.

here are 2 trade not A++ setup but I am pressing since i have few winning trade earlier.
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MA provides the market's current direction and strength.
  • #119,895
  • Jun 3, 2021 3:39am Jun 3, 2021 3:39am
Quoting hasib
There will be day when our daily direction will not accurate. There will be day when we start losing in both direction. There are some techniques to reduce losing day and understand direction less market. Still you will not 100% accurate. So best things you and I can do as a trader is, Minimize our risk exposure for the day and for the week. Trader like Tekkies they don't understand those concept. they lose 10% or more in a day still they open trade because they think TDI cross can move the market. If your losing more than 5% in a day It will be...
"because they think TDI cross can move the market."
Look carefully Hasib!!!
Cross over <> market go down / cross up <> market go up
Attached Image

Well done with those two entry's Hasib.
So what about them?
Looking at those entry's, one can only ask > what are the rules/method/ chart pattern Hasib used to enter those two trades.

> What on that chart, Hasib, made you decide to enter those two trades.
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  • #119,896
  • Jun 3, 2021 4:01am Jun 3, 2021 4:01am
Quoting Tekkies
{quote} "because they think TDI cross can move the market." Look carefully Hasib!!! Cross over <> market go down / cross up <> market go up {image} Well done with those two entry's Hasib. So what about them? Looking at those entry's, one can only ask > what are the rules/method/ chart pattern Hasib used to enter those two trades. > What on that chart, Hasib, made you decide to enter those two trades. {image}
In simple word
participation in the market flow. That is it. only risk management rules present. That you will not see on the chart.

BTW, your wrong again there is no 2 trade there is only one trade.
MA provides the market's current direction and strength.
  • #119,897
  • Jun 3, 2021 4:42am Jun 3, 2021 4:42am
Quoting hasib
{quote} In simple word participation in the market flow. That is it. only risk management rules present. That you will not see on the chart.
You mean: Follow the herd.
It does explain a lot about the randomness in what you post: No method, no rules, no system, no trading according to a set criteria.

Few simply questions:
Did you even looked at forexfactory News today because that is where you will find market flow.
Did you look at the calendar today for red news?

> Do you understand the impact of this on the market: It Begins: The Fed Will Outright Sell its Corporate Bonds & ETFs?
> What about: Fed's dovish inflation approach complicates BOJ's taper plans
(I don't and can only hope EURUSD will still go up and down tomorrow.)
  • #119,898
  • Jun 3, 2021 4:42am Jun 3, 2021 4:42am
Look at stoch, woodies cci and TDI.
with your existing system you can have a look woodies CCI.
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MA provides the market's current direction and strength.
  • #119,899
  • Jun 3, 2021 4:48am Jun 3, 2021 4:48am
Quoting Tekkies
{quote} You mean: Follow the herd. It does explain a lot about the randomness in what you post: No method, no rules, no system, no trading according to a set criteria. Few simply questions: Did you even looked at forexfactory News today because that is where you will find market flow. Did you look at the calendar today for red news? > Do you understand the impact of this on the market: It Begins: The Fed Will Outright Sell its Corporate Bonds & ETFs? (I don't and can only hope EURUSD will still go up and down tomorrow.)
First of all I have my own entry and exit rules. If I told you you will not learn from it because your a Ignorant. Don't try to be smart showing me fundamental news. I do my research.

second if you follow smart money what happen to your account. why you lose your account following smart money.
MA provides the market's current direction and strength.
  • #119,900
  • Jun 3, 2021 5:11am Jun 3, 2021 5:11am
Wow. Just out for fun a couple days this thread is completely off topic again.

Anyway, I only did one trade today since Monday

GU BUY as a MTF reversal setup formed.
Entered when TDI green crossed red as of the original TMS.

SL and TP both at S/R, overlap with S/D concept. Also BRN.

All these PA in additional to TDI Green Cross Red TMS Buy entry signal, added confluences to enter a buy.

Closed at conservative low edge of price level, modest 5.57R post Spread

Single Entry, Single Exit. Manage your risk with lot size and rules to trail SL (if applicable)

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