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Trading Made Simple

  • #124,381
  • Sep 10, 2021 9:35pm Sep 10, 2021 9:35pm
Quoting kette
{quote} thank you I will buy this tdi
the TDI is free

and you should know this:

Inserted Video


but that repainting is not a problem to use it and use with some discretion.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,382
  • Sep 10, 2021 9:47pm Sep 10, 2021 9:47pm
Quoting emmanuel7788
{quote} GBPUSD Sep10 Trade Update 30mins to NY Open - I know some of you have negative thoughts about these trades. - First the PPA seen farther left (red rectangle) - My focus has been on the LO candles 1 and 2 yellow arrows. Those are wide range bar/candles and can attract price retracements but there were no sellers so the bulls held on. - the danger I see was when the H1 fails to make higher high with higher Close. - observe the HA candles, they got smaller but did not change phase. - anyway, both trades are protected and it is a win situation...

GBPUSD Sep 10 H1 trades closed.

- as price fails to make higher high + higher Close, the NYO bar show price closed with pull-back but the HA candle did not change colour and the HA candle body is small, this is what Big E observes when he was trading.

- I manually close both positions in profits and in according to my day-trading plan.

- I move over to trading NYSE for 1 to 3 hours.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Sep10 H1 trades closed 10-9-2021 9-07-26 pm.png Size: 59 KB


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,383
  • Sep 10, 2021 10:59pm Sep 10, 2021 10:59pm
Quoting tommydoginti
{quote} Good rejection exceeding immediate previous high but not the one on HTF. reversal is possible next week if breaching previous low. BE+ with aggressive TP. just let it run. Have a nice weekend everyone. Simply following BigE's Trading Made Simple. Simple entry and exit rules Considering the few elements instructed by BigE. Enough to made decision for the trade with high odds of winning. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous...
Attached Image (click to enlarge)
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GU kept going down. Next week look for potential confirmation of reversal or continuation of trends using simple PA analysis

Simply following BigE's Trading Made Simple. Simple entry and exit rules

Considering the few elements instructed by BigE. Enough to made decision for the trade with high odds of winning.

1. TDI green red line
(#647 PA analysis)
2. Previous High/Low
3. Rejection at previous High/Low
4. Trend, long and short term

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  • #124,384
  • Edited 11:31pm Sep 10, 2021 11:20pm | Edited 11:31pm
GBPUSD H4 review Sep 10 New York Close NYC

- using the Weekly candles Open , High, Low and Close levels are easy to see where price has been to before

- Weekly chart timeframe is what I use for many years to determine the market type conditions , trending and sideways.

- GU is in sideways market type,

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 Sep 10 NYC w Weekly candle 11-9-2021 12-08-12 pm.png Size: 56 KB


How do you trade this sideways market type?

Which of your 3 systems do you use to trade next week knowing it is sideways market type?

Market Types: The First Key to Forex System Development
https://www.axi.com/au/blog/educatio...x-market-types

Dr Van K Tharp:
“Expecting the same system to work in all market types is the definition of insanity”
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,385
  • Sep 10, 2021 11:36pm Sep 10, 2021 11:36pm
Quoting emmanuel7788
GBPUSD H4 review Sep 10 New York Close NYC - using the Weekly candles Open , High, Low and Close levels are easy to see where price has been to before - Weekly chart timeframe is what I use for many years to determine the market type conditions , trending and sideways. - GU is in sideways market type, {image} How do you trade this sideways market type? Which of your 3 systems do you use to trade next week knowing it is sideways market type? Market Types: The First Key to Forex System Development https://www.axi.com/au/blog/educatio...x-market-types...
GBPUSD Sep 10 H1 review

- knowing the Weekly candles and the Market Type

- you can day trade the H1 and since it was Friday Sep 10, Big E did not trade his 4hr but he would trade the NY session 2 to 3 hours..

- Sep 10 NY Open was a nice PCRF by Phx62

- there was the 3 bars swing high and you already know the weekly trade zones, it would have been easy trade decision once you know the PCRF by Phx62.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1 Sep10 PCRF NYClose 11-9-2021 8-30-18 am.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,386
  • Sep 10, 2021 11:49pm Sep 10, 2021 11:49pm
Quoting Osarojoshua
{quote} Please how did install your TDI in ur trading view pls?
yes you can refer to #120591

I got PM inquiry on how to setup the TMS chart on TradingView.

Stoch and 5ema are optional indicator and they are built-in indicator available on Trading View.

TDI Red/Green line: They are in fact RSI(13) MA(2) and MA(7), You can verify it by looking at source code of TDI Green Red .mt4 source code.
You can use the "TDI - Traders Dynamic Index by TuanLouis" by searching for this name in the Trading View Public library.

For HA candles, I recommend to overlay HA candles on traditional candlestick chart just like doing it on MT4.
To do so, search for "Heikin Ashi by Garethyeo" in the public library.

TradingView has one advantage of non-repainting indicators stays non-repainting, unlike MT4 where you need coding tricks to overcome it. Therefore, you do not need to follow #11 and refresh the chart everytime when new candle forms for correct analysis

Trade well

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  • #124,387
  • Sep 10, 2021 11:55pm Sep 10, 2021 11:55pm
Quoting tommydoginti
{quote} {image} GU kept going down. Next week look for potential confirmation of reversal or continuation of trends using simple PA analysis Simply following BigE's Trading Made Simple. Simple entry and exit rules Considering the few elements instructed by BigE. Enough to made decision for the trade with high odds of winning. 1. TDI green red line (#647 PA analysis) 2. Previous High/Low 3. Rejection at previous High/Low 4. Trend, long and short term {image}

on the first image it looks like you have an indicator TMS TDI (13, 0, 2, 7) Where would i find this on T View?
  • #124,388
  • Sep 11, 2021 5:59am Sep 11, 2021 5:59am
Quoting DaNang111
{quote} on the first image it looks like you have an indicator TMS TDI (13, 0, 2, 7) Where would i find this on T View?
You won’t. You need to use “TDI - Traders Dynamic Index By TuanLouis”, which is in the indicator library. Those settings are 13,34,3,7 and need to be changed to 13,34,2,7. The 34 in that sequence refers to the blue volatility bands in the indicator, and if you wish to not see them, you will have to make them invisible in the settings. I tried to enter 0 in place of 34, but it automatically sets it to 3, which only contracts the blue bands closer to your red/green lines, and that is definitely not wanted. Hope this helps you.
  • #124,389
  • Sep 11, 2021 6:26am Sep 11, 2021 6:26am
Quoting emmanuel7788
GBPUSD H4 review Sep 10 New York Close NYC - using the Weekly candles Open , High, Low and Close levels are easy to see where price has been to before - Weekly chart timeframe is what I use for many years to determine the market type conditions , trending and sideways. - GU is in sideways market type, {image} How do you trade this sideways market type? Which of your 3 systems do you use to trade next week knowing it is sideways market type? Market Types: The First Key to Forex System Development https://www.axi.com/au/blog/educatio...x-market-types...
great post on market types.My favorite is range market.I have been consciously altering my trades based on market types and do agree flexibility to adapt is key here.
In trading, you have to be defensive and aggressive at the same time
  • #124,390
  • Sep 11, 2021 8:52am Sep 11, 2021 8:52am
Quoting 808
{quote} You won’t. You need to use “TDI - Traders Dynamic Index By TuanLouis”, which is in the indicator library. Those settings are 13,34,3,7 and need to be changed to 13,34,2,7. The 34 in that sequence refers to the blue volatility bands in the indicator, and if you wish to not see them, you will have to make them invisible in the settings. I tried to enter 0 in place of 34, but it automatically sets it to 3, which only contracts the blue bands closer to your red/green lines, and that is definitely not wanted. Hope this helps you.

You are correct.

if you want to remove any elements of the TDI such as the yellow line, you can uncheck the box of it under ‘visibility’ tab.

To only use the green red line and 32/50/68 level, you can check those 5 elements and change their colour if you wish.
  • #124,391
  • Sep 11, 2021 8:55am Sep 11, 2021 8:55am
Quoting DaNang111
{quote} on the first image it looks like you have an indicator TMS TDI (13, 0, 2, 7) Where would i find this on T View?
Hi, you can follow 808’s suggestion and use the TDI tool which is free for public.

The one I am using is coded by myself to add some indication for TDI cross.

Using the public one has no different than my own TDI, you can see from the chart below where I put both on the chart

trade well
Attached Image
  • #124,392
  • Sep 11, 2021 12:26pm Sep 11, 2021 12:26pm
Quoting emmanuel7788
{quote} hi hasib I don't have the !SM ADr for Weekly. I use the same DWM Range you have that too. But I prefer to do my own calculation using the ATR-52 weeks and plot the weekly high-low on my charts for swing trading. You can consider using the Average Daily Range Pro calculator { here } Compare the AWR(52) and the ADR Pro. Know the market type condition and use the AWR(52) to target 60% of that range when trading the 4H swing. {image}
dEAR EMMANUAL AND HASIB,Please share this AWR 52 indcator,im a big fan of using 52 weeks high and low etc,thanks
  • #124,393
  • Sep 11, 2021 9:44pm Sep 11, 2021 9:44pm
Quoting T4Trade
{quote} dEAR EMMANUAL AND HASIB,Please share this AWR 52 indcator,im a big fan of using 52 weeks high and low etc,thanks
hi T4Trade

You went on MIA since mid-July. How is your trading progressing this year?

To know the trading pair Average Weekly Trading Range, I started posting the AWR(52) in Forex Fctory in Jan 2012.
It was simple start, using the MT4 standard ATR set to two periods - 52 weeks and 104 weeks, that is the 1 and 2 years.
Knowing these and the average of the two, I use that AWR for trade planning target profit. Simple and effective provided when you know the Market Type you are trading in.

as in this old post:
https://www.forexfactory.com/thread/...4#post13569774

GBPNZD Sep10 NYClose:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Sep10 NYClosed AWR 12-9-2021 10-35-41 am.png Size: 32 KB

You can also use the ADR which Big E had posted link to download.

There the AWR uploaded here by BridgeWater, click this download > { here }
or go to his post #68,830
https://www.forexfactory.com/thread/...07#post8907107

Now, you can ask any question how to use this for your 4H swing trading in the coming weeks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,394
  • Sep 11, 2021 10:31pm Sep 11, 2021 10:31pm
PM Q&A

- I still get lots of PMs asking the same thing over and over again

FAQ
> What are the settings in the Traders Dynamic Index TDI?

Answer: You have the default by Dean Malone, the same used by Big E when he started in 2008.

> the settings are explained in his mq4 file text as copied and paste below.

> you can write your own rules for entries and exits, and test them over 100 trades, then 200 trades, then 300 trades in realtime live market.

//+------------------------------------------------------------------+
//| |
//| Traders Dynamic Index |
//| |
//| This hybrid indicator is developed to assist traders in their |
//| ability to decipher and monitor market conditions related to |
//| trend direction, market strength, and market volatility. |
//| |
//| Even though comprehensive, the T.D.I. is easy to read and use. |
//| |
//| Green line = RSI Price line |
//| Red line = Trade Signal line |
//| Blue lines = Volatility Band |
//| Yellow line = Market Base Line |
//| |
//| Trend Direction - Immediate and Overall |
//| Immediate = Green over Red...price action is moving up. |
//| Red over Green...price action is moving down. |
//| |
//| Overall = Yellow line trends up and down generally between the |
//| lines 32 & 68. Watch for Yellow line to bounces off |
//| these lines for market reversal. Trade long when |
//| price is above the Yellow line, and trade short when |
//| price is below. |
//| |
//| Market Strength & Volatility - Immediate and Overall |
//| Immediate = Green Line - Strong = Steep slope up or down. |
//| Weak = Moderate to Flat slope. |
//| |
//| Overall = Blue Lines - When expanding, market is strong and |
//| trending. When constricting, market is weak and |
//| in a range. When the Blue lines are extremely tight |
//| in a narrow range, expect an economic announcement |
//| or other market condition to spike the market. |
//| |
//| |
//| Entry conditions |
//| Scalping - Long = Green over Red, Short = Red over Green |
//| Active - Long = Green over Red & Yellow lines |
//| Short = Red over Green & Yellow lines |
//| Moderate - Long = Green over Red, Yellow, & 50 lines |
//| Short= Red over Green, Green below Yellow & 50 line |
//| |
//| Exit conditions* |
//| Long = Green crosses below Red |
//| Short = Green crosses above Red |
//| * If Green crosses either Blue lines, consider exiting when |
//| when the Green line crosses back over the Blue line. |
//| |
//| |
//| IMPORTANT: The default settings are well tested and proven. |
//| But, you can change the settings to fit your |
//| trading style. |
//| |
//| |
//| Price & Line Type settings: |
//| RSI Price settings |
//| 0 = Close price [DEFAULT] |
//| 1 = Open price. |
//| 2 = High price. |
//| 3 = Low price. |
//| 4 = Median price, (high+low)/2. |
//| 5 = Typical price, (high+low+close)/3. |
//| 6 = Weighted close price, (high+low+close+close)/4. |
//| |
//| RSI Price Line & Signal Line Type settings |
//| 0 = Simple moving average [DEFAULT] |
//| 1 = Exponential moving average |
//| 2 = Smoothed moving average |
//| 3 = Linear weighted moving average |
//| |
//| Good trading, |
//| |
//| Dean |
//+------------------------------------------------------------------+
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,395
  • Sep 11, 2021 11:45pm Sep 11, 2021 11:45pm
Quoting emmanuel7788
PM Q&A - I still get lots of PMs asking the same thing over and over again FAQ > What are the settings in the Traders Dynamic Index TDI? Answer: You have the default by Dean Malone, the same used by Big E when he started in 2008. > the settings are explained in his mq4 file text as copied and paste below. > you can write your own rules for entries and exits, and test them over 100 trades, then 200 trades, then 300 trades in realtime live market.
PM Q&A

- another frequently asked question:
> which TDI to use?

Answer:
> I have tried many different versions when I start trading Big E' 5-Method 10 years ago.
> I still prefer the version used by Big E in Post#25 and it is the 'correct' version when you trade following his posts and his trading style. The price MOMENTUM RSI green price line slope is very important to pick an entry.

The way forward for new traders is to forward test both version starting on Monday Sep13. Place both versions on to your chart as your own forward testing chart
template.
on the price chart ... have the APB/HA candles and the 5EMA, Typical Price, Shift+2
in sub-window1 > Stoch (8,3,3)
in sub-window2 > the TDI RT (realtime version which updates on every price tick)
in sub-window3 > the TDI Post#25 ( this TDI updates the RSI green price line when the price bar closed)

Below is what my chart template looks like and you can compare both TDIs on this chart.
Note: both the TDI setting are the same, (13,0,34,2,1,7).

Using the TDI_Realtime, I have both the yellow MBL and blue VB to help look at the market conditions and to spot good trades and avoid trading into potential consolidation. I will explain with live market charts next week.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H1 Sep 01-10 TDI Compare 12-9-2021 12-33-21 pm.png Size: 53 KB


#TDICompare#
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #124,396
  • Sep 12, 2021 12:11am Sep 12, 2021 12:11am
Quoting emmanuel7788
{quote} hi T4Trade You went on MIA since mid-July. How is your trading progressing this year? To know the trading pair Average Weekly Trading Range, I started posting the AWR(52) in Forex Fctory in Jan 2012. It was simple start, using the MT4 standard ATR set to two periods - 52 weeks and 104 weeks, that is the 1 and 2 years. Knowing these and the average of the two, I use that AWR for trade planning target profit. Simple and effective provided when you know the Market Type you are trading in. as in this old post: https://www.forexfactory.com/thread/...4#post13569774...
Hi Mr. emmanuel
Are your ready to Buy US30, Wait and wait for better setup. And Selling Gold.
This years all the bank and experts are saying buy the gold buy the gold. You know what happen to them
Gold yearly target not yet hit, I am expecting it will move sharply towards the target.
MA provides the market's current direction and strength.
  • #124,397
  • Sep 12, 2021 12:18am Sep 12, 2021 12:18am
Quoting Davit
{quote} great post on market types.My favorite is range market.I have been consciously altering my trades based on market types and do agree flexibility to adapt is key here.


Yes, Davit, Trading Ranging market is a skill, Actually it is a Great skill.

I appreciate your Range market trading Skill.
MA provides the market's current direction and strength.
  • #124,398
  • Sep 12, 2021 12:42am Sep 12, 2021 12:42am
Quoting hasib
{quote} Yes, Davit, Trading Ranging market is a skill, Actually it is a Great skill. I appreciate your Range market trading Skill.
Good. Finally you act a bit more like and adult now. Not just yelling to whoever not appreciating your losing systems. Look back a few weeks when you publicly insult Davit, that was really inappropriate, especially presenting a “backtest” which was completely irrelevant to Davit’s pivot trading

Start learning and stop acting stupid. It’s the path to be a better trader

Trade well.

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  • #124,399
  • Sep 12, 2021 12:46am Sep 12, 2021 12:46am
Quoting hasib
{quote} Hi Mr. emmanuel Are your ready to Buy US30, Wait and wait for better setup. And Selling Gold. This years all the bank and experts are saying buy the gold buy the gold. You know what happen to them Gold yearly target not yet hit, I am expecting it will move sharply towards the target.
I am not posting this for hasib as he has me on ignore. I am posting this for all the other traders trying to build a routine. I have to be careful as this information is not for everyone. Bank experts said buy gold. That is step one. There is more to that. A traders needs to wait until the fundamental is proven right by the technical view. This might take some time, and unless you are a fan of LEAPS, then most traders do not have that patience. If the fundamentals say gold will go up, then what should you do as trader who has structure? As I am not a certain troll who speaks in riddles to the unwashed, I will help you. If gold is going to skyrocket, and you believe this is true, buy small positions in gold in one part of your company. In the other part, sell the (m)asses.

Edit: I am not a professional, and I know nothing! Do not follow anything I have to say!
If you are good at something, never do it for free--Joker
  • #124,400
  • Sep 12, 2021 1:00am Sep 12, 2021 1:00am
Quoting tommydoginti
{quote} yes you can refer to #120591 I got PM inquiry on how to setup the TMS chart on TradingView. Stoch and 5ema are optional indicator and they are built-in indicator available on Trading View. TDI Red/Green line: They are in fact RSI(13) MA(2) and MA(7), You can verify it by looking at source code of TDI Green Red .mt4 source code. You can use the "TDI - Traders Dynamic Index by TuanLouis" by searching for this name in the Trading View Public library. For HA candles, I recommend to overlay HA candles on traditional candlestick chart just like...
I got inquiry on the TDI indicator

TradingView has one advantage of non-repainting indicators stays non-repainting, unlike MT4 where you need coding tricks to overcome it. Therefore, you do not need to follow #11 and refresh the chart everytime when new candle forms for correct analysis

The TDI green red lines are constructed using the following indicators
RSI
Simple Moving Average

Both take candle close value in the TDI. Once candle is closed, this candle becomes candle[1] and a new candle forms (candle [0]). The values of the green and red line for candle [1] are fixed.

Code execution logic of TradingView is customised for charting, so it can use the last tick data of the candle and recognise it as close price (of that candle).

MT4 on the other hand, use the first tick data of new candle (close of new candle at first tick) to calculate values for the candle[1], simply because the system needs the first tick data of the new candle to know a new candle forms, but unfortunately that tick is “closed price”. Solution would be following #11, refreshing the chart before analysis, or use other TDI indicators that has coded to use correct tick data. On mobile, can use built-in indicators RSI (13) and SMA (2)(7) to do the job. MT4 built in indi capture the correct tick data
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