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Trading Made Simple

  • #123,261
  • Jul 30, 2021 9:51pm Jul 30, 2021 9:51pm
Quoting eelfranz
2scoops... When I see a tweek... I look for: 1. Are the candles getting smaller 2. Are the wicks starting to pull back more 3. Are we getting close to a supp/res level. 4. Is my green TDI line getting close to previous highs or lows on my TDI. Those kind of things... being observant... Come on scoops old buddy.. I check on any time frame I'm trading... and at night when nature calls I pop on the puter and take a quick look... Scoops thanks for asking the question...

When I see a tweek... I look for:

1. Are the candles getting smaller
2. Are the wicks starting to pull back more
3. Are we getting close to a supp/res level.
4. Is my green TDI line getting close to previous highs or lows on my TDI.

Trading the high and low of the TDI

>>> watch the old videos Big E posted his old thread:

https://www.forexfactory.com/thread/...5#post13649875
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,262
  • Jul 31, 2021 12:35am Jul 31, 2021 12:35am
Quoting Sirajdeen
{quote} hi emmanuel.. your analysis was great.. it was totally different from me.. I have taken this trade because of the market was trading negative on that day and pharma sector too.. And i notify that short was building in future and their was a huge call writting @690 so I consider to enter the trade with conformation of stoc and marsi crossing.. angle was quite good.. so i taken this trade.. Your analysis was pure technical and it good i was not good in technicals as you so i look for other parameters which make conformation about trades.....
Just a side note.

I like buying Biotech/Medical/Pharma stock with fundamentals as I am working in the field and have advantage of first-hand info and knowledge. It is the only sector of stocks I trade mid to long term.

but you can go to some sites such as GenomeWeb for more in-depth news than general ones. Better is to do some research of the potential markets of new-acquired d technology. Good ones raises price and bad ones drops or no effect it is pretty simple and reactions are quick.

Examples such as Illumina acquired Grail (the “reunion”), Qiagen acquisition of Formulatrix, BioRad launched COVID test with new technology. Current watchlist can be companies on diagnostic sequencing and CAR-T and who makes the next breakthrough will almost certainly go up.

Combined with your technical analysis the accuracy can be pretty high.
  • #123,263
  • Jul 31, 2021 8:29pm Jul 31, 2021 8:29pm
Quoting emmanuel7788
{quote} When I see a tweek... I look for: 1. Are the candles getting smaller 2. Are the wicks starting to pull back more 3. Are we getting close to a supp/res level. 4. Is my green TDI line getting close to previous highs or lows on my TDI. Trading the high and low of the TDI >>> watch the old videos Big E posted his old thread: https://www.forexfactory.com/thread/...5#post13649875
have you watched those 2 videos yet? Do it and you will learn something and find some better trades from now on.

watching those old RDI videos posted by Big E in his old thread is kind of refreshing and reminded me of the many things I learn in my starting years more than 30 years again trading the stock markets.

one of the things which I learn was this pattern known as "cup and handle" seen on charts. We had a family joke about 'cup and handle' which I will tell you later.
But first the trading stuff,
While watching those videos again, I had a good laugh when Dean mentioned "cup and handle" in his Part1 video "Trading the Highs and Lows of the TDI"
This reminds me of the many stories of Dean' Synergy trading models.... not one model but several models, I counted more than 5 but many only counted 4.

Look this this screen-shot I took off that video.
Notice the old 'yellow-brick-road' ... aka the PAC on price chart.
Look the the TDI sub-window, the green price line highs and lows and the VB, and the RSI levels to the right-side,
If you have the Stoch(8,3,3) on that same chart, can you visualize what the Stoch will show?

Attached Image (click to enlarge)
Click to Enlarge Name: Dean malone Cup and Handle video TDI.png Size: 282 KB


learn EVERYTHING!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,264
  • Jul 31, 2021 8:46pm Jul 31, 2021 8:46pm
Quoting emmanuel7788
{quote} GBPAUD Jul 28 Today is to follow up and add-on positions to this pair while protecting all open positios. - watch on your Daily how price will close across the level 1.8873. {image}

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Jul 28 update Tok 11am 28-7-2021 10-02-58 am.png Size: 25 KB


{image}
GBPAUD Jul 30 NY Close update:

- we saw the Daily broke that level 1.8873 and it was a big Daily candle like most cases.

- with the established swing, there is potential to move to the next historical swing level 1.9109 ... but caution with reaction ~BRN 1.9100.

- we have 450pips in the move up... and you can make 675pips in this swing range with TME_EVO_IX.

- next week we follow up with buys add-on and make sure to protect the downside

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Jul 30 NYClose Daily break 18873 1-8-2021 9-37-34 am.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,265
  • Jul 31, 2021 9:04pm Jul 31, 2021 9:04pm
Quoting emmanuel7788
{quote} have you watched those 2 videos yet? Do it and you will learn something and find some better trades from now on. watching those old RDI videos posted by Big E in his old thread is kind of refreshing and reminded me of the many things I learn in my starting years more than 30 years again trading the stock markets. one of the things which I learn was this pattern known as "cup and handle" seen on charts. We had a family joke about 'cup and handle' which I will tell you later. But first the trading stuff, While watching those videos again,...
What is the Cup and Handle Definition?

https://www.investopedia.com/terms/c/cupandhandle.asp

a fancy name given by chartist-type investor-trader.

my mother would kill us when we played in her study where she kept her collection of cups inherited from her mother.

I like this one.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,266
  • Jul 31, 2021 9:24pm Jul 31, 2021 9:24pm
Quoting tommydoginti
{quote} Just a side note. I like buying Biotech/Medical/Pharma stock with fundamentals as I am working in the field and have advantage of first-hand info and knowledge. It is the only sector of stocks I trade mid to long term. but you can go to some sites such as GenomeWeb for more in-depth news than general ones. Better is to do some research of the potential markets of new-acquired d technology. Good ones raises price and bad ones drops or no effect it is pretty simple and reactions are quick. Examples such as Illumina acquired Grail (the “reunion”),...
Attached Image (click to enlarge)
Click to Enlarge Name: Tips by Warren Buffet.png Size: 446 KB


we retail investors/traders may not have the billions$$$ Warren Buffet has.

as the common saying is true: "Do Not put all your eggs in one basket..."

however, when you have only one egg, then you can start with just one egg in one basket ... grow that basket when you have more eggs, then have the next basket,...

I would diversify my retirement fund to be to the safe side and grow my retirement assets.

Learn about the industry sectors and those in your home country.
My top five(5) where I have diversified into over the last 20 years.
1) Real Estate .. personal property ownership for rental income, REITs.
2) Technology …(established firms and new start-up) Information Technology, Telecommunications services, e-Commerce
3) Health care – hospitals, medical clinics, pharmaceutical, R&D, etc.
4) Energy – mainly companies in renewal energy research and development.
5) Financial – banking and insurance.

and of course, there is brk-A and brk-B to consider.

https://www.investopedia.com/terms/s...-breakdown.asp
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,267
  • Jul 31, 2021 11:26pm Jul 31, 2021 11:26pm
Quoting emmanuel7788
{quote} {image} we retail investors/traders may not have the billions$$$ Warren Buffet has. as the common saying is true: "Do Not put all your eggs in one basket..." however, when you have only one egg, then you can start with just one egg in one basket ... grow that basket when you have more eggs, then have the next basket,... I would diversify my retirement fund to be to the safe side and grow my retirement assets. Learn about the industry sectors and those in your home country. My top five(5) where I have diversified into over the last 20 years....

an astute investor/trader said this:

"If you were smart in 1807, you moved to London, if you were smart in 1907, you moved to New York City, and if you are smart in 2007, you move to Asia."

as a small retail investor-trader, who you know may sometimes count for more than what you know. For this reason, making connections and building friendships are both important for success.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,268
  • Aug 1, 2021 5:08am Aug 1, 2021 5:08am
Quoting emmanuel7788
{quote} BTCUSD vs XAUUSD Week 27 Jul 05 to 09 at Tokyo Open 9am - interesting to see both breaking their respective ranges last week. - will the XAUUSD rally continue this week? it has some room 'empty' space above current PA. Ride the bull, hunt the bears. - BTCUSD has to overcome recent 'peak' and make higher high higher low +higher Close to be convincing enough for bull hunters. {image}

BTCUSD vs XAUUSD Aug 02 to Aug 27

- with all the attention turned to the space race between Branson and Bezos.

BTC rallied back to its 40,000 quite easily while XAUUSD remained sideways.

- what can happen the next 20 trading days?

> 'ride the bull, hunt the bear'

Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD vs XAUUSD Aug02 Daily 1-8-2021 5-56-38 pm.png Size: 72 KB


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,269
  • Aug 1, 2021 6:01am Aug 1, 2021 6:01am
Quoting emmanuel7788
USDJPY Week 27 Jul 05 to 09 Weekly Big Picture as of Friday Jul 02 NY Close - do you see the June Month candle shadow? - how was your shadow day-trading on June 30? {image} Daily - interesting levels to buy and sell {image}
Quoting emmanuel7788
{quote} UJ June month-end and NFP Jul 02 - price impact when hitting a wall - what-if Jul 01 and Jul02 form the July upper shadow? - I'll find out in my next 20-trading days cycle for UJ. {image} {image}
It is weekend and end of the trading month July so it is good to review how UJ traded the last 4 weeks after July 01 and July 02 NFP.

July 01 and 02 did form the upper shadow of July MN candle.

Next week, we remain bearish bias following the July MN candle closed.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Weekly Jul30 NYClose Big Picture 1-8-2021 11-38-49 am.png Size: 40 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Daily Jul 30 NYClosed big picture 1-8-2021 11-43-01 am.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,270
  • Aug 1, 2021 6:08am Aug 1, 2021 6:08am
Quoting emmanuel7788
{quote} {quote} It is weekend and end of the trading month July so it is good to review how UJ traded the last 4 weeks after July 01 and July 02 NFP. July 01 and 02 did form the upper shadow of July MN candle. Next week, we remain bearish bias following the July MN candle closed. {image} {image}

UJ D1 July 02 BEEOB setup candle

- the Jul 02 candle did not change colour, if it malk a lower low Close, the HA would changed colour and that would be the TMS true reversal candle.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ July 02 BEEOB setup candle 1-8-2021 7-03-47 pm.png Size: 48 KB
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug01 D1 pipware review 1-8-2021 7-05-20 pm.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,271
  • Aug 1, 2021 7:04am Aug 1, 2021 7:04am
Quoting emmanuel7788
{quote} {quote} {image} here is the trade Exit Strategy and Exit Management {image} there is also another Exit Strategy using the HA candles.
noted the strategy emmanuel
Waiting to see your exit management on Ha or apb
Sirajdeen
  • #123,272
  • Aug 1, 2021 10:44am Aug 1, 2021 10:44am
EG buy trade, So far It looks good, Price is well above my entry, this week price may move lower, Let's see.
Attached Image(s) (click to enlarge)
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MA provides the market's current direction and strength.
  • #123,273
  • Aug 1, 2021 10:54am Aug 1, 2021 10:54am
Last Friday I should have sell the gold, I did not focus on gold, I was aware that price is chopping and chop is breakout upside.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #123,274
  • Edited 1:30pm Aug 1, 2021 11:23am | Edited 1:30pm
Quoting emmanuel7788
{quote} have you watched those 2 videos yet? Do it and you will learn something and find some better trades from now on. watching those old RDI videos posted by Big E in his old thread is kind of refreshing and reminded me of the many things I learn in my starting years more than 30 years again trading the stock markets. one of the things which I learn was this pattern known as "cup and handle" seen on charts. We had a family joke about 'cup and handle' which I will tell you later. But first the trading stuff, While watching those videos again,...
How many variable in TMS, If you ask this question to New trader like tommydoginti, they can't answer it.
How many variable you need in your trading system?
Did you test each variable in your trading system?
Do you think adding those variable help the system or destroy the system?
More variable not always improve the system infect more variable destroy the edge.
So many new indicator in forex stations, some coder become legendary in indicator creations, They add advanced mathematics in their code and newly developed indicator, if you test those indicator objectively you will find those good looking indicator has only 30 to 42% win rate. I have tested many indicator many times each indicator. I find most of the indicator has only 30 to 35+ win rate, Not a single indicator generate more than 42% win rate in my objective testing I use 1 to 2RR in my testing.
old indicator performed as good is good looking indicator, So many EA traders fail in trading, I can share few document and source when people are well skilled and rich failed in EA trading, For example FTMO they developed 100 strategy and makes ea, they run those EA as a portfolio. Their EA portfolio generate negative results.
EA and set of rules will not generate profit for a long run because market is unique each time. Traders and investors act differently with different sentiment and different time.
Last questions to emm, How many variable in your trading system now? Count those variable. You don't have to answer in this thread but please count the variable.
MA provides the market's current direction and strength.
  • #123,275
  • Aug 1, 2021 4:43pm Aug 1, 2021 4:43pm
Quoting hasib
{quote} How many variable in TMS, If you ask this question to New trader like tommydoginti, they can't answer it. How many variable you need in your trading system? Did you test each variable in your trading system? Do you think adding those variable help the system or destroy the system? More variable not always improve the system infect more variable destroy the edge. So many new indicator in forex stations, some coder become legendary in indicator creations, They add advanced mathematics...
"How many variable in TMS,"

I shall ask the OP Big E but he passed away in 2012.

Then I read, study and learn from his 493 posts in this thread Trading Made Simple. I learn he was a rule-based discretionary trader and Trading Made Simple thread about trading his 5-Method. He has some many variations of trade setup for his entry and just as many variations of exits conditions. His trading his 4hr at his local time 10PM and 2AM, and closing trades at 6AM is what I would consider as timed entry and timed exit, and you don't need the Stoch and TDI when trading this way.

Then I came to his Post#8703. I developed my Swing Trading system on Daily chart using just the APB/HA candles and 5EMA, plus the ADR(100) days. These are the variables to look for trade setups and entry. The variables used in the APB/HA candles are so many but I follow the 'keep it simple' belief and limit them to no more than ten(10). The rest of variables are in my System Strategy.

Hope this helps.

Stay Safe
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,276
  • Aug 1, 2021 4:52pm Aug 1, 2021 4:52pm
Quoting hasib
Last Friday I should have sell the gold, I did not focus on gold, I was aware that price is chopping and chop is breakout upside. {image}
I trade Gold the same way I would trade stock ... EOD only.

Follow when break 1818.34 to the upside and build positions gradually with better overall entry price.

Do Not risk 15% to 30% all on one single entry trade. Trading is not like treating your money like money for fun and entertainment which you take to Las Vegas.

Do Not confuse position building and averaging down which a newbie has been confused in this thread.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Daily 181834 2-8-2021 5-48-01 am.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,277
  • Aug 1, 2021 5:04pm Aug 1, 2021 5:04pm
Week 31 Aug 02 to 06

Looking at this group and pick one of the three pairs to swing trade in my 20-trading days cycle.
* Remember, Do No over trade. Pick just one from each group and build up positions carefully and trade small. Grow you account in gradual steps over time and avoid drawdown above 10% (see Post# 123,262 on DRAWDOWN)

AudCad

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AudNzd

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NzdCad

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,278
  • Edited 7:44pm Aug 1, 2021 7:00pm | Edited 7:44pm
PM Q&A

- quite a lot of discussions in the Telegram groups last week and over the weekend

- and also PMs about which TDI version work best for Big E trading style.

Answer:
- it is still the same MT4 TDI version in Post#25.
- the @TMSTDI_WatchDog by member plamendp is also using the same code as in that TDI#25 and he added a few features and options which are user selectable.

Forward testing:
- place both TDI and @TMSTDI_WatchDog onto the same chart and let it run and compare.

See below chart.
I have them on a M5 chart to see more data in a short period.

> observe both the TDI data, the first 3 data are the VB blue volatility band and the MBL yellow market baseline. These data will change at every tick data received in your MT4 terminal.

> the other 2 data are the RSI green price line and the red trade signal line. Note the data displayed is static and will update when the price bar closed.

Attached Image (click to enlarge)
Click to Enlarge Name: Uj M15 comparing TDI with TMSTDiWatchDog 2-8-2021 7-45-24 am.png Size: 78 KB


coming up next: How to change to real-time mode so that the RSI green price line will update on every price tick.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,279
  • Aug 1, 2021 7:08pm Aug 1, 2021 7:08pm
Quoting heispark
{quote} The following may represent more reality. This is verified result and this trader is ranked at top in fundseeder.com (which is similar to myfxbook.com for stocks and futures traders). For 99% of people in FF, it may look too 'boring' as they are here to gamble and become a rich quick. To make 60% gain, yes, you should be ready to lose 60% as well. For most serious people, that falls in gambling territory. That doesn't impress anyone in Wall Street. {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: heispark post monthly performance 2-8-2021 8-04-44 am.png Size: 233 KB
...

I am going to use his monthly performance as benchmark for my consistency from this month onwards.

I closed Jul 2021, according to my 20-trading days cycle and keeping to DD to between 10% and 15%.

Myfxbook overview for 2021:

Attached Image (click to enlarge)
Click to Enlarge Name: myfxbook July 2021 closed 2-8-2021 8-02-16 am.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #123,280
  • Aug 1, 2021 7:40pm Aug 1, 2021 7:40pm
Quoting emmanuel7788
PM Q&A - quite a lot of discussions in the Telegram groups last week and over the weekend - and also PMs about which TDI version work best for Big E trading style. Answer: - it is still the same MT4 TDI version in Post#25. - the @TMSTDI_WatchDog by member plamendp is also using the same code as in that TDI#25 and he added a few features and options which is user seletable. Forward testing: - place both TDI and @TMSTDI_WatchDog onto the same chart and let it run and compare. See below chart. I have them on a M5 chart to see more data in a short period....
PM Q&A

- how to set @TMSTDI_WatchDog to show realtime mode

> you have the user option : RefreshLastBar , set that to True

> and observe the RSI green line and red line data running its updating on every price tick.

> you compare the TDI#25 static and the @TMSTDI_WatchDog green line in both sub-windows.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ M54 TDI realtime with TMSTDIWatchDog 2-8-2021 8-35-32 am.png Size: 86 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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