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Trading Made Simple

  • #121,081
  • Jun 22, 2021 3:00am Jun 22, 2021 3:00am
UJ Jun22 H1 Tokyo closing hour

- buy

- 110.50 EP
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,082
  • Jun 22, 2021 3:38am Jun 22, 2021 3:38am
Quoting emmanuel7788
{quote} US30 Jun21 day trading: - between now atm 33400 and 33570 and 33840, I look for bearish 'reversal' m2m3m15 setup. Edit: bearish so far today, I closed a few positions. Jun 21 day trading : {image}
"between now atm 33400 and 33570 and 33840, I look for bearish 'reversal' m2m3m15 setup."

US30 Jun 22

- waited for the price to fall back to 33840 and a m2m3m15 setup today

- need lots of patience when trading US market indices, trade when the price is right!

Attached Image (click to enlarge)
Click to Enlarge Name: US30 Jun 22 m2m3m15 entry 22-6-2021 4-30-42 pm.png Size: 13 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,083
  • Edited 4:42am Jun 22, 2021 3:40am | Edited 4:42am
Quoting DrDave
TDI is the heart of the 5-method. When you use it correctly, as BigE taught, and rely on TDI green cross red as a signal to examine entrance criteria, such as the green line slope, bar sizes, support/resistance, etc., you will profit long term as he did.
Although BigE said that TDI is at the heart of the system, he also stated the HE can trade the system without it.
Jan 26, 2011
#3103
However, it's [tdi & stoch ] not necessary on the 5 method for me. It gives people more confidence when they have it on their charts it seems.... and it's a good confirmation to the current PA and possible trade.

But remember, he had many years trading stocks and other instruments before he started with Forex. He also spent 2 years to develop his 5-method. Therefore, it is clear that he has a vast amount of experience that produces intuitive recognition of setups for entries with high probability of a successful outcome. But few readers have this background and experience, hence, are not at the point in their trading journey to be able to successfully execute the 5-method without indicators.

In fact, BigE said that even though he can trade without it, he PREFERS to have the TDI displayed on his charts, even when he trades methods other than the 5-method.
Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.



Jan 20, 2011
#3044
If I were to pick two [indicators to display on my charts] it would be the tdi & stochs.

Jan 26, 2011
#3103
I almost always have the tdi & stoch on all my charts regardless of the method being used.


So, do not be fooled by people that tell you that YOU can trade the 5-method without the TDI, because it is highly unlikely that you possess the knowledge and experience that BigE had.

And remeber, even BigE PREFERRED to have the TDI and stochastics displayed on his charts!!
To free Gazans of Hamas, use whatever it takes.
  • #121,084
  • Jun 22, 2021 3:53am Jun 22, 2021 3:53am
Quoting tommydoginti
{quote} Hmmm... Excel... Anyway, I can't believe why traders who like calculation and statistics not learning coding themselves when it gives so much advantage in progressing and proofreading other indicators/EAs... How difficult is that... Use 20 mins to code the indi you want and saves you hours of manual calculation in a long run Anyway, I wouldn't rely on that because of the so-so accuracy of the aforementioned approach to predict H/L 1) It is a prediction with no logical explanations to support (why 80%?) 2) There are too many levels to work...
Excel is the go-to "programming" application in businesses worldwide because it is much less intimidating than learning a formal, general purpose programming language. The majority of business users use rather simple calculations. Some more advanced users upgrade their skills to pivot tables, various lookup functions, etc. And for some even more advanced needs, they learn some VBA.

For any kind of serious automated calculations in trading, if you intend to interface with Excel, then it would be a far better use of your time to learn Python to perform your calculations and then send the results back to your MT application. MetaQuotes Language leaves a lot to be desired anyway. We got stuck with it simply because MetaTrader was the first charting application that was free for the retail trader, and it got adopted by many brokers.

Unless you have some compelling reason to use MetaTrader and you intend to learn to do some scripting, then you would be better off to migrate to another application that has a far better language.
To free Gazans of Hamas, use whatever it takes.
  • #121,085
  • Jun 22, 2021 3:56am Jun 22, 2021 3:56am
Quoting sagor482
{quote} have took both of this trade as you say . Let’s hope for the best .
Let’s hope for the best .
Hope and pray is not a very successful trading system.
To free Gazans of Hamas, use whatever it takes.
  • #121,086
  • Jun 22, 2021 4:06am Jun 22, 2021 4:06am
Quoting emmanuel7788
{quote} hey catalin, I know you asked SJ. But at some point in time, the rookie traders will no longer be rookies. Time for them to drop those learning wheels... {image} cheers,

#Learning Wheels

How long do you want to cycle with those learning wheels?

Attached Image (click to enlarge)
Click to Enlarge Name: learning wheels.png Size: 371 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,087
  • Jun 22, 2021 4:16am Jun 22, 2021 4:16am
Quoting DrDave
{quote} Excel is the go-to "programming" application in businesses worldwide because it is much less intimidating than learning a formal, general purpose programming language. The majority of business users use rather simple calculations. Some more advanced users upgrade their skills to pivot tables, various lookup functions, etc. And for some even more advanced needs, they learn some VBA. For any kind of serious automated calculations in trading, if you intend to interface with Excel, then it would be a far better use of your time to learn Python...
My advice is not to pay for Excel at all. Use a good and free alternative as Google Sheets (I use it myself). It's easy to script and if you want you can use
Python as programming language (Google Sheets also support other programming languages). Here is a list of alternatives to Excel :
https://www.guru99.com/excel-alternatives-free.html

Here is Python and Google Sheets: https://blog.coupler.io/python-to-google-sheets/
  • #121,088
  • Jun 22, 2021 4:16am Jun 22, 2021 4:16am
Have enter in these two position

GBP/USD SELL ACCORDING TO H4 , Tdi cross at 1.38640

AUD/JPY SELL ACCORDING TO H4 , Tdi cross at 82.849
  • #121,089
  • Jun 22, 2021 4:26am Jun 22, 2021 4:26am
Quoting sagor482
Have enter in these two position GBP/USD SELL ACCORDING TO H4 , Tdi cross at 1.38640 AUD/JPY SELL ACCORDING TO H4 , Tdi cross at 82.849
On my MT4 I do not see a TDI crossing on 4H for AJ.
  • #121,090
  • Jun 22, 2021 4:31am Jun 22, 2021 4:31am
Quoting sagor482
Have enter in these two position GBP/USD SELL ACCORDING TO H4 , Tdi cross at 1.38640 AUD/JPY SELL ACCORDING TO H4 , Tdi cross at 82.849

its Big E' 2AM PDT 4hr candle

Quoting kirinda
{quote} On my MT4 I do not see a TDI crossing on 4H for AJ.

GU

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jun 22 h4 2AM PDT 22-6-2021 5-28-44 pm.png Size: 73 KB

AJ

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Jun 22 H4 2AM PDT 22-6-2021 5-28-13 pm.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,091
  • Jun 22, 2021 4:42am Jun 22, 2021 4:42am
Quoting sagor482
{quote} have took both of this trade as you say . Let’s hope for the best .

hi Sagor482

I know that you do not 'hope and pray' because you follow Big E 4H trading.

"I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step."

that is in Post#1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,092
  • Jun 22, 2021 4:46am Jun 22, 2021 4:46am
This one is hot just out of the oven

London 10:45am *** LIVE Trading ***

EU H4 sell ... *dynamic entry*

breakout of H4 master candle consolidation

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jun22 H4 sell 22-6-2021 5-44-04 pm.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,093
  • Jun 22, 2021 4:49am Jun 22, 2021 4:49am
Quoting kirinda
{quote} On my MT4 I do not see a TDI crossing on 4H for AJ.
My TDI on AUDJPY H4 also has not crossed down yet.

But really, that is not so important for me because the RALLY progressed to the H8. So the H4 is not the TF of interest, anyway.
To free Gazans of Hamas, use whatever it takes.
  • #121,094
  • Jun 22, 2021 5:02am Jun 22, 2021 5:02am
EU 1H sell:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 49 KB
  • #121,095
  • Jun 22, 2021 5:22am Jun 22, 2021 5:22am
Quoting kirinda
EU 1H sell: {image}

if you use the same TDI #25 the green price line would tweek from 4 to 8 and the price action also shows good price momentum.

you are using the TDI realtime version and the slope calculation is different.

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jun 22 H1 LON 3 22-6-2021 6-23-21 pm.png Size: 7 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,096
  • Jun 22, 2021 5:24am Jun 22, 2021 5:24am
Quoting emmanuel7788
{quote} if you use the same TDI #25 the green price line would tweek from 4 to 8 and the price action also shows good price momentum. you are using the TDI realtime version and it is different.
  • #121,097
  • Jun 22, 2021 5:30am Jun 22, 2021 5:30am
Quoting kirinda
EU 1H sell: {image}
You should expect to run into some drawdown, or even get stopped out if you have small stop., because the H1 is overdue to end this down swing. But if you stay in the trade, you will eventually go green because the H4 is turning down, plus, this down action is continuation of the down trend/down swing of higher TFs.
To free Gazans of Hamas, use whatever it takes.
  • #121,098
  • Jun 22, 2021 5:35am Jun 22, 2021 5:35am
Quoting kirinda
{quote}
Really, which version of an indicator that you decide to use does not really matter, as long as you use it consistently. Similar to broker feeds. It does not matter that your broker starts his day at a different hour than another broker so that the price bars do not look the same between the two brokers. As long as you consistently use the same broker feed, it really doesn't matter what happens with the other broker feed.
To free Gazans of Hamas, use whatever it takes.
  • #121,099
  • Jun 22, 2021 5:41am Jun 22, 2021 5:41am
Quoting emmanuel7788
{quote} #Learning Wheels How long do you want to cycle with those learning wheels? {image}
Just completed One cycle, Thanks for your lesson.
2 BE, 10L,8P
I have to prepare for next cycle, I hope in the next cycle I will do better.
If you explain your cycle method it will be good for us we could learn more from you.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 12 KB
MA provides the market's current direction and strength.
  • #121,100
  • Jun 22, 2021 5:44am Jun 22, 2021 5:44am
Quoting emmanuel7788
{quote} hi Sagor482 I know that you do not 'hope and pray' because you follow Big E 4H trading. "I hate trading 5min-15min-30min charts. Why? You have to monitor each trade from beginning to end and hope and pray you made a correct entry. I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face...
yes i am trying to emulate Big E trading mathod . And i am trying to follow everything he told . But still I’m in the learning process. And it’s take time to fight with your emotion . I still make the mistake and hope I won’t do it again . But Haha but do it again. let’s see how much time it take to make it perfect.
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