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Trading Made Simple

  • #121,101
  • Jun 22, 2021 3:45am Jun 22, 2021 3:45am
Quoting emmanuel7788
{quote} "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! {image}
what is your ZZ settings ?
MA provides the market's current direction and strength.
  • #121,102
  • Jun 22, 2021 3:55am Jun 22, 2021 3:55am
Quoting DrDave
{quote} 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.
Yes, the downtrend looks weak so I consider to exit the trade by BIGE rule. On the other side it will probably continue down as you say. I will take a look at the 5M chart to look for more information.
  • #121,103
  • Jun 22, 2021 4:04am Jun 22, 2021 4:04am
Quoting emmanuel7788
{quote} " what is m2m3m15 setup? you are making us sniper traders ..." m2m3m15 is a M15 setup bar/candle use when trading E-Mini Futures. there is also the M1m2m3 and m2m3m5 setup bar/candle taught by a CME trainer in his futures trading course. I prefer the m2m3m15 because I have more time to do my "thorough investigation" before I pull the trigger. If you plan to trade E-Min Futures, then I suggest you learn by watching some recorded youtube video by Infinity Futures. They stream live everyday for their customers. example below: https://www.youtube.com/watch?v=tG3ZBeMu214...

If you are interested and trading E-Mini Futures S&P500, today is another Live Interactive Broadcast session by the same trader Jim Cagnina

It US 9am CT .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,104
  • Jun 22, 2021 4:05am Jun 22, 2021 4:05am
Quoting kirinda
{quote} Yes, the downtrend looks weak so I consider to exit the trade by BIGE rule. On the other side it will probably continue down as you say. I will take a look at the 5M chart to look for more information.

not much movement now until New York Open and then near London close hour.

US markets can drive prices up and down again today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,105
  • Jun 22, 2021 4:07am Jun 22, 2021 4:07am
Quoting hasib
{quote} what is your ZZ settings ?

that is no ordinary ZZ.

it is HeikenAshi highs and lows swings.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,106
  • Jun 22, 2021 4:35am Jun 22, 2021 4:35am
Quoting kirinda
{quote} 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/
Or simply go for the charting platforms' own coding languages.

MQL4 is amongst the lowest level of programming language and has no adjustment in logic to fit charting application, but is still the most popular because of its adaptation in MT4.

The programing languages in newer charting platforms are so high level that the learning curve is dramatically shortened and can read it like English. Commands and algorithm logics are more customized for charting purpose, especially when addressing new candle formation.
*Add: Most of those languages are evolved from C, so it is not that difficult to transfer the skills to the next platform in the future.

Anyway, AU and GU has a reversal setup almost completed. Am waiting for the downswing to confirm and buy when conditions are met. If your EU sell is still on may as well hold it for a bit longer and reevaluate

Good luck
  • #121,107
  • Jun 22, 2021 4:42am Jun 22, 2021 4:42am
Quoting kirinda
{quote} Yes, the downtrend looks weak so I consider to exit the trade by BIGE rule. On the other side it will probably continue down as you say. I will take a look at the 5M chart to look for more information.
One big reason that trades on the H4 tend to give larger profit is because the retracement that occurs on smaller TFs, such as H1, would end your trade due to the green going flat, hooking over, etc., that when viewed on the H4, are simply "absorbed", with the green only seen to change if using the real time TDI. This is why I say that the higher TF has a lot of "slop" in it. If you actually watched the floating amount of pips, it will, of course, be the same no matter the TF. And if you had a limit on how many pips you were willing to give back, then you would for sure be exiting most of your H4 trades much sooner than the TDI green signal to exit.

If you recall, BigE even said that if he were looking at his charts and saw 15-30 pips being given back, he would exit. But if he were sleeping and had some big amount given back or even went into floating drawdown, "So what--I don't know about it."
To free Gazans of Hamas, use whatever it takes.
  • #121,108
  • Jun 22, 2021 5:02am Jun 22, 2021 5:02am
Long NJ 1H:
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  • #121,109
  • Edited 5:32am Jun 22, 2021 5:18am | Edited 5:32am
Quoting DrDave
{quote} One big reason that trades on the H4 tend to give larger profit is because the retracement that occurs on smaller TFs, such as H1, would end your trade due to the green going flat, hooking over, etc., that when viewed on the H4, are simply "absorbed", with the green only seen to change if using the real time TDI. This is why I say that the higher TF has a lot of "slop" in it. If you actually watched the floating amount of pips, it will, of course, be the same no matter the TF. And if you had a limit on how many pips you were willing to give...
I think you have a point here with that the exit rules to BigE are made for 4H timeframe. I think exit when TDI going flat or hook up is to restrictive in weak trends. For example to day in EURUSD 1H downtrend. If we going down on 5M/15M we will see that the pullbacks are large. Therefore I decided not to exit with BigE rule today on 1H EU trade. Instead I decided to exit if I got a close above the round number 1.19000. With BigE method I think the most difficult part is the exit rules.

Maybe a solution could be to manage the trade taken on 1H on the 4H and exit when the trade going 15-30pips against the entry?
  • #121,110
  • Jun 22, 2021 5:41am Jun 22, 2021 5:41am
Quoting kirinda
Took a GN 1H sell: {image} The TDI angle is steep. The entry is against a strong daily uptrend. I will therefore consider to get out fast if the uptrend resume.
Exit this trade at BE after it pullback 30 pips to entry.
  • #121,111
  • Jun 22, 2021 6:12am Jun 22, 2021 6:12am
Quoting tommydoginti
{quote} Or simply go for the charting platforms' own coding languages. MQL4 is amongst the lowest level of programming language and has no adjustment in logic to fit charting application, but is still the most popular because of its adaptation in MT4. The programing languages in newer charting platforms are so high level that the learning curve is dramatically shortened and can read it like English. Commands and algorithm logics are more customized for charting purpose, especially when addressing new candle formation. *Add: Most of those languages...
I was not thinking about programming indicators/EA but for analyzing trading data.
  • #121,112
  • Jun 22, 2021 6:15am Jun 22, 2021 6:15am
Quoting kirinda
EU 1H sell: {image}
Exit this trade after the price going above round number 1.9000. A loss of -0.6R (-22 pips).
  • #121,113
  • Jun 22, 2021 6:19am Jun 22, 2021 6:19am
Long CJ 1H:
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The TDI-crossing was weak but the trend looks strong.
  • #121,114
  • Jun 22, 2021 7:17am Jun 22, 2021 7:17am
Quoting kirinda
{quote} I was not thinking about programming indicators/EA but for analyzing trading data.
If your analyses are rather simple, then a spreadsheet application is enough. But if they are more complex, even if you could do them with a spreadsheet, it will be easier with a language like Python. In addition, it will be easier to expand your analyses and options for displaying results.
To free Gazans of Hamas, use whatever it takes.
  • #121,115
  • Jun 22, 2021 7:24am Jun 22, 2021 7:24am
before tp hit broker close the trade.
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MA provides the market's current direction and strength.
  • #121,116
  • Jun 22, 2021 7:29am Jun 22, 2021 7:29am
Inserted Video
MA provides the market's current direction and strength.
  • #121,117
  • Jun 22, 2021 9:01am Jun 22, 2021 9:01am
Quoting tommydoginti
{quote} Or simply go for the charting platforms' own coding languages. MQL4 is amongst the lowest level of programming language and has no adjustment in logic to fit charting application, but is still the most popular because of its adaptation in MT4. The programing languages in newer charting platforms are so high level that the learning curve is dramatically shortened and can read it like English. Commands and algorithm logics are more customized for charting purpose, especially when addressing new candle formation. *Add: Most of those languages...

Reversal as expected.

Entered AU buy on TDI cross (*edit: is bounce, my mistake)


Pretty slow price movement. So move SL to BE+ below price level and let run.

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  • #121,118
  • Jun 22, 2021 10:41am Jun 22, 2021 10:41am
Market is very choppy, gold is more choppy,
I don't trade gold today.
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MA provides the market's current direction and strength.
  • #121,119
  • Jun 22, 2021 11:07am Jun 22, 2021 11:07am
gold price 1916 is probably the high of this year.
we may not see price break this level.
Lower I can see 1400 level, most of the expert are calling 1500 level.

Beginning of the year Mr. Williams. predicted gold price will go 2400 level
MA provides the market's current direction and strength.
  • #121,120
  • Jun 22, 2021 11:11am Jun 22, 2021 11:11am
Quoting Tekkies
{quote} Let me help you emmanuel, really hope a simple picture is not to complicated for you to understand. To start with they are not "trendlines" they are only lines that are plotted from one TDI crossover to the next TDI crossover. Please post fact's not assumptions or was it a other attempt to ridicule a member that does not agree with you? Must say you are good, you got ladharimoham fooled with him thinking we are the ones attacking you. {image}

may i ask what timeframe should we use to run the EA? Do you suggest running it with 15mins? 1Hr?

and can this run in different kind of major currency pairs?

Thank You i am new to this
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