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Trading Made Simple

  • #130,261
  • Apr 2, 2022 4:03am Apr 2, 2022 4:03am
Quoting jmn5611
{quote} A fade is when you see a cross that is very against the trend. This is not discussed very often I noticed, and it leads to bad trades.{image}This chart shows a clear cross. Stoch confirms. Price closes above the 5 ema, the cross is below the 32 line. HA candle flips. But is it a reversal, or is the TDI just showing a tradeable pullback?

GBPAUD Apr01 New York Close

- I see a month-end pause and no reason for a reversal at this moment.
- GU is most sideways chopping up and down
- AU is stronger and can take GA lower to the old levels 2018, 2017.

> a Daily breaking and closing below 1.7434 would be my signal to sell
> next MN level below is 2017 1.7348 would be the first target
> then lower to 2016 1.7114

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> after two consecutive bearish months...
"anything can happen this month"

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,262
  • Apr 2, 2022 4:58am Apr 2, 2022 4:58am
Quoting jmn5611
@Tekkies, @DrDave,@7788. Should one ever fade a TDI cross?
OF course one can fade a TDI cross. Remember, the TDI cross is nothing more than a signal to evaluate your checklist of entry criteria in the direction of the TDI cross. So, because most traders check 1 or just a few TFs, they typically have no idea if a TDI crossing on the TF they plan to enter is related to a trend reversal or a retracement. But they can certainly make their "analysis" (which usually is closer to guessing than analyzing), and if the conditions support a high probability of successfully guessing selecting the correct trade direction and they are willing to accept the risk, then fade the TDI cross. But if it does not turn out to be a profitable trade, then please don't make a follow up post denigrating the TDI as you vent your frustrations over a loss.
To free Gazans of Hamas, use whatever it takes.
  • #130,263
  • Apr 2, 2022 5:00am Apr 2, 2022 5:00am
Quoting jmn5611
{quote} A fade is when you see a cross that is very against the trend. This is not discussed very often I noticed, and it leads to bad trades.{image}This chart shows a clear cross. Stoch confirms. Price closes above the 5 ema, the cross is below the 32 line. HA candle flips. But is it a reversal, or is the TDI just showing a tradeable pullback?
When I see a chart like that, my first reaction is, "you're on the wrong timeframe".
To free Gazans of Hamas, use whatever it takes.
  • #130,264
  • Apr 2, 2022 7:54am Apr 2, 2022 7:54am
Thank you very much emmanuel I didnt see an option to make my rsi work as tdi In that example you gave me but I will keep digging till I get it , Im using mt4
  • #130,265
  • Apr 2, 2022 9:28am Apr 2, 2022 9:28am
Quoting DrDave
{quote} When I see a chart like that, my first reaction is, "you're on the wrong timeframe".
Please elaborate. I was not aware of a "wrong" timeframe.
If you are good at something, never do it for free--Joker
  • #130,266
  • Edited 1:58pm Apr 2, 2022 11:48am | Edited 1:58pm
Quoting jmn5611
{quote} Please elaborate. I was not aware of a "wrong" timeframe.
I don't use stochastics (but I can and have displayed a MTF stoch in some posts), but because many do and it was mentioned in your post, when viewing a specified TF and the stoch is running close to 0 and has been for "a while", that tells you only that there is a strong trend down. So if you cannot "see" anything other than that broad condition, then that is the "wrong" TF. When price and the stoch begin to rise, you once again have very little information about the upward movement, especially on TFs of H4 and higher where, for many strategies, you wait for HOURS for a bar to close to be able to use it in the analysis.

As I have said many times, change comes from the bottom and progresses upward. So, to get some more relevant information about that up move, wouldn't it make sense to drop down to smaller TFs and look for the stoch to move up from its near 0 position? Then it is a simple matter of observing whether the smaller TF can confirm a direction change or fails. Similarly, if you look at a higher TF and has a bar close and you do your analysis and see that MAYBE there is a reversal started, if there is not CONFIRMATION on lower TFs, then is there even a possibility that the higher TF can be reversing??

THIS IS NOT ROCKET SCIENCE! More likely because it is actually fairly EASY, it is overlooked. After all, it is well known that trading is VERY hard, so there can ONLY be some complex, complicated system that can yield successful trade results, right?

How many types of indicators do I typically display when I post charts? Many charts have exactly 1 that has several instances with different settings to aid in the MTF view. A few also have HA bars included. I also have ATR that I normally don't show because that has nothing to do with the technical analysis. I sometimes add vertical lines to emphasize an important direction change.

And the "smoothed" MTF price lines that I typically display can be replaced by many other indicators, which I have talked about and displayed in other posts. The exact indicator to use is not the important factor; it is determining the parameters and then how to assess the inter-relationships between the multiple instances that is important.
To free Gazans of Hamas, use whatever it takes.
  • #130,267
  • Apr 2, 2022 7:57pm Apr 2, 2022 7:57pm
Quoting jmn5611
{quote} Please elaborate. I was not aware of a "wrong" timeframe.

Daily is the best "wrong" timeframe to trade and make money, but only when one has all the trading skills and also the money to swing trade the big timeframes like the Daily and Weekly.

It is simple and also easy when the Daily is trending and one has the skills pick the right moment and setups and also to trade away from the Day Open.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,268
  • Apr 2, 2022 8:01pm Apr 2, 2022 8:01pm
Quoting emmanuel7788
{quote} ETHUSD Mar29 H4 Tokyo session - quite large distance to the next level above - between 3386 and 3684 are a few mid-levels targets {image} ...
ETHUSD Apr03 Sydney 11am

- still heading in the 'right' direction

- the the struggle between 3386 and 3684 still there for buyers to overcome ... lots of FEAR!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,269
  • Apr 2, 2022 8:04pm Apr 2, 2022 8:04pm
Quoting emmanuel7788
{quote} BTCUSD Mar29 H4 Tokyo session - strong market sentiments at the moment - near term target is above - buy the small dippers {image} ...

BTCUSD Apr03 Sydney 11am

- we have small dipper

- 46968 to watch the Daily candle close

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,270
  • Apr 2, 2022 8:19pm Apr 2, 2022 8:19pm
Quoting jmn5611
{quote} A fade is when you see a cross that is very against the trend. This is not discussed very often I noticed, and it leads to bad trades.{image}This chart shows a clear cross. Stoch confirms. Price closes above the 5 ema, the cross is below the 32 line. HA candle flips. But is it a reversal, or is the TDI just showing a tradeable pullback?
a fade can also be a green cross red in a sideways market type conditions and this happens a lot when the HTF makes a pause.

looking back to May 2011,

what lessons do we learn from plamendp #4061?

Quoting plamendp
Just an idea. I did NOT enter (see the picture why I stay aside: resistense) but it deserves some analysis: {image}

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,271
  • Apr 2, 2022 9:03pm Apr 2, 2022 9:03pm
Quoting Enagy
Thank you very much emmanuel I didnt see an option to make my rsi work as tdi In that example you gave me but I will keep digging till I get it , Im using mt4
You should start with the OP' chart template and learn Post#261 for trade setups. The 5-Method is a part of this Post#261. Only when you have mastered the 5-Method, then only you can drop the Stoch(8,3,3) and the TDI.

The trading method is only 5% of any system.

The rest 95% is your Money Management strategy and your Mental Strategies.

Your Mental Strategies is what determines whether you can survive in this very brutal retail spot forex market.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,272
  • Apr 2, 2022 10:40pm Apr 2, 2022 10:40pm
Thanks so much Emmanuel, will have this sink in my brain right now and I got the 5ema method on my chat already
  • #130,273
  • Apr 2, 2022 11:03pm Apr 2, 2022 11:03pm
what is the ma of red and green of tdi I can go change my rsi ma to those ma If I do it that way will my rsi be working as tdi?
  • #130,274
  • Apr 3, 2022 7:25am Apr 3, 2022 7:25am
Quoting Enagy
what is the ma of red and green of tdi I can go change my rsi ma to those ma If I do it that way will my rsi be working as tdi?
this website has all the answers to the TDI versions.

https://forex-station.com/viewtopic....73#p1295362638

the OP of this thread use the original TDI 2005.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,275
  • Apr 3, 2022 7:29am Apr 3, 2022 7:29am
Thanks Emmanuel, will sink that in into my brain and go look for the original tdi
  • #130,276
  • Apr 3, 2022 3:16pm Apr 3, 2022 3:16pm
Hi @emmanuel7788, can you help me on using the TDI watchdog?
  • #130,277
  • Apr 3, 2022 7:23pm Apr 3, 2022 7:23pm
Quoting fddisaster
Hi @emmanuel7788, can you help me on using the TDI watchdog?

Yes, I can help you.

Have your downloaded the @TMSTDI WatchDog indicator?

I have mine in the same sub-window with Big E' TDI Post#25. This is how I started with and I compared both TDIs just to be sure when I was learning to trade with TDI.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,278
  • Apr 3, 2022 7:31pm Apr 3, 2022 7:31pm
Quoting emmanuel7788
{quote} Yes, I can help you. Have your downloaded the @TMSTDI WatchDog indicator? I have mine in the same sub-window with Big E' TDI Post#25. This is how I started with and I compared both TDIs just to be sure when I was learning to trade with TDI. {image} ...

@TMSTDI_WatchDog alert! Tokyo 9:30am

IF you have a trade plan for Tokyo session:

> look at the price action

> check Stoch(8,3,3)

> look the TDIs information



Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Apr04 M15 alert 4-4-2022 8-30-07 am.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,279
  • Apr 3, 2022 7:35pm Apr 3, 2022 7:35pm
Quoting emmanuel7788
{quote} Yes, I can help you. Have your downloaded the @TMSTDI WatchDog indicator? I have mine in the same sub-window with Big E' TDI Post#25. This is how I started with and I compared both TDIs just to be sure when I was learning to trade with TDI. {image} ...
@TMSTDI WatchDog parameters setting:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #130,280
  • Apr 3, 2022 7:37pm Apr 3, 2022 7:37pm
Quoting emmanuel7788
{quote} USDJPY Mar29 Daily Tokyo session - after my taking profits the market pulled back quite strong reacting to some business sectors comments - start taking some precaution as BoJ may do something to the weaker ¥ - trade smaller position size with AEP and be prepared to cut-loss with 2CTSL on Daily. {image} {image}

USDJPY March month-end trades closed

- a good month trading TMS MEME EVO2022

Attached Image (click to enlarge)
Click to Enlarge Name: UJ March trades closed 4-4-2022 7-57-49 am.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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