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Trading Made Simple

  • #120,241
  • Jun 8, 2021 5:53am Jun 8, 2021 5:53am
Quoting jmn5611
{quote} Not sure about that one tommy. Everyone has bought the high tick or the low tick in a bull or a bear, especially in any king of breakout system, which this is. The biggest point is that as soon as price does not do what you thought it would do, get the heck out of there. Traders as general rule have egos, and ego will cost money. If I buy a candle on any kind of momo indicator, if I do not get a good follow thru bar, I am gone. Like you said, the continuation trade is always there.
Well said, so breakout is something I rarely trade unless very strong confluence. BigE’s live trades shared in this thread were mostly TDI cross countertrend too. For your reference.
  • #120,242
  • Jun 8, 2021 5:57am Jun 8, 2021 5:57am
Quoting Tekkies
{quote} Where has it chanced, Jmn? {image}
Well, you posted a naked chart. Where is your TDI?
If you are good at something, never do it for free--Joker
  • #120,243
  • Jun 8, 2021 5:58am Jun 8, 2021 5:58am
Quoting jmn5611
{quote} It depends on the size of the candle. If the candle is big enough, it will force an angle on the TDI that the OP suggested. Anything else lacks momentum and we should be looking for a bounce trade. I believe the OP would get up in the middle of the night to pee ( men of a certain age will relate), and check his charts visually using the TDI. If something was there, then more investigation would be warranted.
men of a certain age will relate

Don't we all.
  • #120,244
  • Jun 8, 2021 6:00am Jun 8, 2021 6:00am
Quoting tommydoginti
{quote} Well said, so breakout is something I rarely trade unless very strong confluence. BigE’s live trades shared in this thread were mostly TDI cross countertrend too. For your reference.
Great start!

You have decided that you will trade just one pattern if you see it. If it is not there, you do nothing. You don't chase, and you don't concern yourself with missed opportunities.

It is a matter of time for you tommy, a matter of time.
If you are good at something, never do it for free--Joker
  • #120,245
  • Jun 8, 2021 6:02am Jun 8, 2021 6:02am
Quoting tommydoginti
{quote} There are two tips about TMS TDI and HA candle use 1. People here are obsessed with trading when candle close. However, BigE always said to trade at candle open. What is the difference? 2. HA candles uses traditional candle sticks as reference, while BigE said, TMS differs from the original 5-method by not waiting for price to cross 5ema. So what traditional candle stick patterns will create a setup candle as of BigE’s description? Quick m1 scalp when off work with itchy fingers 1. Buy upon TDI cross signal with hdiv at HTF. Just...
Learning the equations will definitely help you in practicing TMS and “burn it in your memory”

https://www.investopedia.com/trading...r-candlestick/

Not that difficult to know when the HA candle colour change and /or approx size of the candles after some practice
  • #120,246
  • Jun 8, 2021 6:06am Jun 8, 2021 6:06am
Quoting jmn5611
{quote} Not sure about that one tommy. Everyone has bought the high tick or the low tick in a bull or a bear, especially in any king of breakout system, which this is. The biggest point is that as soon as price does not do what you thought it would do, get the heck out of there. Traders as general rule have egos, and ego will cost money. If I buy a candle on any kind of momo indicator, if I do not get a good follow thru bar, I am gone. Like you said, the continuation trade is always there.
I don't try to trade traditional breakout. I look for a retracement and a continuation to enter.

With that said, remember that what you see is a matter of perspective: A continuation on one TF is a breakout (or even reversal) of a smaller TF.
To free Gazans of Hamas, use whatever it takes.
  • #120,247
  • Jun 8, 2021 6:08am Jun 8, 2021 6:08am
Quoting tommydoginti
{quote} Learning the equations will definitely help you in practicing TMS and “burn it in your memory” https://www.investopedia.com/trading...r-candlestick/ Not that difficult to know when the HA candle colour change and /or approx size of the candles after some practice
I would add the HA structure change. If I see a cross on the TDI, and I get a color change, but it is a doji of some type, is that a good trade? The bears won the day, but just barely. I want to see the bears run the bulls off the field and vice versa.

Quoting DrDave
{quote} I don't try to trade traditional breakout. I look for a retracement and a continuation to enter. With that said, remember that what you see is a matter of perspective: A continuation on one TF is a breakout (or even reversal) of a smaller TF.
Yes, breakout pullbacks are a reliable pattern with a good risk reward. In TDI parlance we get that check mark that is supported by PA. On a H4 chart, it is easy to see and you don't have to need to react immediately. Some will even wait for a 50% retrace and put the limit order there, but that is beyond the scope of the topic at hand.
If you are good at something, never do it for free--Joker
  • #120,248
  • Jun 8, 2021 6:13am Jun 8, 2021 6:13am
UJ Jun08 H1 London local time 12:10PM

- why better to wait for bar to close to see the HA candle body size

- do you sell or not?

- will you change your mind after a thorough investigation?


Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jun08 H1 London 12-10PM 8-6-2021 7-10-48 pm.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,249
  • Jun 8, 2021 6:14am Jun 8, 2021 6:14am
Quoting jmn5611
{quote} That's a language issue. I certainly have no issues with what you wrote. The TDI cross is the visual device he used to go deeper into a chart, you are correct there. The point being made is that the cross alone is not a reason to take a trade. It never was.
You have seen what I have posted with those paper trades jmn.
Post 117,840
Everyone of those lines was done by hand and only when a crossover was observed in real-time.
Based on that what you have posted and what I have done in real-time are not in agreement.

The sad state om my TE is not TDI green cross red, it is me that who is in a constant disagreement with what TDI is showing me.
Attached Image
  • #120,250
  • Jun 8, 2021 6:18am Jun 8, 2021 6:18am
Quoting Tekkies
{quote} You have seen what I have posted with those paper trades jmn. Post 117,840 Everyone of those lines was done by hand and only when a crossover was observed in real-time. Based on that what you have posted and what I have done in real-time are not in agreement. The sad state om my TE is not TDI green cross red, it is me that who is in a constant disagreement with what TDI is showing me. {image}
So, my question would be, why would you trade a system that you do not trust?

You don't trust it because you did not create it and therefore you are not the master of it.

Does this make sense?
If you are good at something, never do it for free--Joker
  • #120,251
  • Jun 8, 2021 6:18am Jun 8, 2021 6:18am
Many traders would like to have some automated strategies or to be able to easily test some indicators or trading ideas. However, because so many are using the MetaTrader platform, they discover that coding indicators and strategies requires quite a learning curve. In addition, MT4 has a limited set of timeframes available for plotting.

One solution around these two obstacles is to make a switch (or addition) to NinjaTrader. You can specify custom timeframes. You can do reliable backtesting. You can even create trading strategies WITHOUT CODING.

Here is a link to a video that walks you through
strategy creation
backtesting
a first look at optimization
To free Gazans of Hamas, use whatever it takes.
  • #120,252
  • Jun 8, 2021 6:21am Jun 8, 2021 6:21am
Quoting emmanuel7788
{quote} Jun 07 if BTCUSD falls further and goes below 35000, I will look for possible longs on XAUUSD better pay attention when US session open today. Nice Monday ! one goes DOWN, the other goes UP {image} anyone here trading brk-b? it will make new high this year 2021. buy low, and also buy high when you see volume buy higher with large increase in volume.... Darvas-Box trading.

Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD vs XAUUSD 8-6-2021 4-50-51 am.png Size: 62 KB


one goes Down, the other goes Up

I like what I see on both charts and even better when I see more money in my trading account ....


Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD vs XAUUSD 8-6-2021 7-17-37 pm.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #120,253
  • Jun 8, 2021 6:21am Jun 8, 2021 6:21am
Quoting jmn5611
{quote} I would add the HA structure change. If I see a cross on the TDI, and I get a color change, but it is a doji of some type, is that a good trade? The bears won the day, but just barely. I want to see the bears run the bulls off the field and vice versa. {quote} Yes, breakout pullbacks are a reliable pattern with a good risk reward. In TDI parlance we get that check mark that is supported by PA. On a H4 chart, it is easy to see and you don't have to need to react immediately. Some will even wait for a 50% retrace and put the limit order there,...
If I see a cross on the TDI, and I get a color change, but it is a doji of some type, is that a good trade?
BigE addressed that: "What is the size of the candles?"
To free Gazans of Hamas, use whatever it takes.
  • #120,254
  • Jun 8, 2021 6:23am Jun 8, 2021 6:23am
Quoting jmn5611
{quote} Well, you posted a naked chart. Where is your TDI?
Not possible jmn.
for one I don't have mt4 historical data that go back 11 years on M15 timeframe.
Two. You can help to put a TDI on Investing.com chart's I will be gratefull for that service.
----
Naked chart or with TDI. The market stil have the bar's then (2011) and now (2021)
So what has changed?
  • #120,255
  • Jun 8, 2021 6:29am Jun 8, 2021 6:29am
Quoting Tekkies
{quote} Not possible jmn. for one I don't have mt4 historical data that go back 11 years on M15 timeframe. Two. You can help to put a TDI on Investing.com chart's I will be gratefull for that service. ---- Naked chart or with TDI. The market stil have the bar's then (2011) and now (2021) So what has changed?
What has changed it the ATR. We are all slaves to volatility. The markets are indeed fractal, as you are trying to point out, but if the volatility is not there, then you cannot trade any kind of breakout strategy, you have to go to RTM strategies. That is why the Pivot traders are killing it over there right now.
If you are good at something, never do it for free--Joker
  • #120,256
  • Jun 8, 2021 6:36am Jun 8, 2021 6:36am
Quoting jmn5611
{quote} So, my question would be, why would you trade a system that you do not trust? You don't trust it because you did not create it and therefore you are not the master of it. Does this make sense?
Why do you think I have no trust jmn?
You only have to read many posts by one member mainly to understand the brainwashing that have occurred over the years.

Let just say, I know who is the root cause of lacking to trust TDI and what BigE has posted. Am also sure that is why so many has failed with this simple method since BigE stopped posting.

Anyway, am working on that metal block.
  • #120,257
  • Jun 8, 2021 6:40am Jun 8, 2021 6:40am
Quoting emmanuel7788
UJ Jun08 H1 London local time 12:10PM - why better to wait for bar to close to see the HA candle body size - do you sell or not? - will you change your mind after a thorough investigation? {image}
I would pass on that one. I want to see the bulls try to retake that hill and fail. I would want that fail to be a convincing one. If I were bored and just had to take a trade, I would go in at 50% of my normal position size.
If you are good at something, never do it for free--Joker
  • #120,258
  • Jun 8, 2021 6:42am Jun 8, 2021 6:42am
Quoting jmn5611
{quote} What has changed it the ATR. We are all slaves to volatility. The markets are indeed fractal, as you are trying to point out, but if the volatility is not there, then you cannot trade any kind of breakout strategy, you have to go to RTM strategies. That is why the Pivot traders are killing it over there right now.
I can see most of the market is now lack volatility, its true that pivot trading is now much rewarding.
Really, we don't even need any kind of pivot trading. If we trade market structure to market structure It is good enough.

I agree with you about TDI cross, Here some of the member don't want to understand your point, they think they need only TDI cross to become Ritch.
MA provides the market's current direction and strength.
  • #120,259
  • Edited 6:57am Jun 8, 2021 6:45am | Edited 6:57am
Quoting emmanuel7788
{quote} {image} one goes Down, the other goes Up I like what I see on both charts and even better when I see more money in my trading account .... {image}
LOL.
Folks, good luck at using the negative correlation between BTCUSD and XAUUSD! Don't take things you read on a forum seriously; do you own investigation.

Here is an example of several POSITIVE correlations. i.e. when one goes up, the other goes up. When one goes down, the other goes down.

There are simply too many more examples (that you can find yourself) that make the negative correlation extremely unreliable.

Attached Image (click to enlarge)
Click to Enlarge Name: 0ed362d2bd384fbddff38515d12f1409.png Size: 53 KB
To free Gazans of Hamas, use whatever it takes.
  • #120,260
  • Jun 8, 2021 6:46am Jun 8, 2021 6:46am
Quoting Tekkies
{quote} Why do you think I have no trust jmn? You only have to read many posts by one member mainly to understand the brainwashing that have occurred over the years. Let just say, I know who is the root cause of lacking to trust TDI and what BigE has posted. Am also sure that is why so many has failed with this simple method since BigE stopped posting. Anyway, am working on that metal block.
I truly do not know Tekkies. If you say that you are not following the TDI, then I struggle with the logic of your position. If you are following the TDI as laid out and you continue to lose money, then you have to check your risk/ reward and do not take trades that violate your rules. If this still does not work, then you have to ask yourself if you are using the correct tool for the market environment you are trading.

All of these are intensely personal choices that no forum or even personal coach can help you with. I do wish you the best. Keep trading, but trade as small as you possibly can until you can pull yourself out of this.

Quoting DrDave
{quote} LOL. Folks, good luck at using the negative correlation between BTCUSD and XAUUSD! Don't take things you read on a forum seriously; do you own investigation. Here is an example of several POSITIVE correlations. i.e. when one goes up, the other goes up. When one goes down, the other goes down. Ther are simply too many more examples (that you can find yourself) that make the negative correlation extremely unreliable. {image}
Quick point. I traded thru both 9/11 here in the states, and the 2008 meltdown. Correlations fail under extreme conditions, this is what brought down a bunch of Nobel Prizes winners I am sure you have heard of.
If you are good at something, never do it for free--Joker
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