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Quoting sagar1983
{quote} Spudfan, Just for your own reasons, I'm waiting for sell set up, on both EJ & GJ. As far as im concerned, market does not have enough momentum to trade 4h swing trades or D positional trades. That is why, Im scalping more since 3 weeks. Take trend on 1h and trade on 15m and 5m towards 1h trend, smaller but regular profits. Small water drops make a mighty ocean, kind. My 2 cents though.
Hello Sagar: I agree with your view on scalping. I only look at the eur/usd, gbp/usd or the usd/jpy before and during the NY open. Are you using D. Guppy's original settings, ema and not sma or wma. Or do you use Hull's settings? So many suggestions here in Forex Factory threads but I think I will settle on using Guppys as he has the experience with MMAs. I would appreciate your comments.
Quoting piprac83
{quote} Hello Sagar: I agree with your view on scalping. I only look at the eur/usd, gbp/usd or the usd/jpy before and during the NY open. Are you using D. Guppy's original settings, ema and not sma or wma. Or do you use Hull's settings? So many suggestions here in Forex Factory threads but I think I will settle on using Guppys as he has the experience with MMAs. I would appreciate your comments.
Hi pip,
I do use Guppy's LT ema's not sma or wma. But I don't use short term ema's as Rajesh pointed out, they dont serve too much of a purpose.
I'm using 10 ema channel, instead of ST Guppy ema's. I follow TDI to know OB / OS zones, but it should be OB / OS in 1 higher tf above my trading TF. For buy trades, Candles should close above 10 ema channel, 10 ema channel above LT ema's and TDI should be above 50 level and opposite true for sell trades.
Due to lesser volume, I'm only scalping since last monday, 8 trading days. I trade from 2nd hour of Tokyo, 2nd 4h candle open till London Close.
I target 3 pips on 1m, 5 pips on 5m or 10 pips on 15m. I been making 80-100 pip, every trading day.
I scan EU, GU, AU, GJ, EJ, AJ, CadJ and ChfJ. Im predominantly trading Yen pairs now, as Yen has weakened a lot since 2 months and its high time Yen strengthens. Investors never want a weak Yen as Yen is a safe heaven currency.
Hope it helps
Quoting sagar1983
{quote} Hi pip, I do use Guppy's LT ema's not sma or wma. But I don't use short term ema's as Rajesh pointed out, they dont serve too much of a purpose. I'm using 10 ema channel, instead of ST Guppy ema's. I follow TDI to know OB / OS zones, but it should be OB / OS in 1 higher tf above my trading TF. For buy trades, Candles should close above 10 ema channel, 10 ema channel above LT ema's and TDI should be above 50 level and opposite true for sell trades. Due to lesser volume, I'm only scalping since last monday, 8 trading days. I trade from 2nd...
Thank you
Unfortunately TDAmeritrade does not have the TDI indicator. I wonder if RSI with a level of 50 would accomplish about the same thing. Anyone care to comment or suggest is very welcomed.
  • Post #525
  • Quote
  • Edited at 10:38pm May 12, 2022 9:54pm | Edited at 10:38pm
Quoting piprac83
Unfortunately TDAmeritrade does not have the TDI indicator. I wonder if RSI with a level of 50 would accomplish about the same thing. Anyone care to comment or suggest is very welcomed.
Pip, TDI / RSI / Stoch, anything and everything will work. You should get used to the ebb / flow. That matters.
But in my experience, in TDI, I can tell you 2 things. Whenever price / market moves fast and furious (Yen pairs yesterday for example), every oscillator reaches OB / OS very soon, which will not be the case if the same movement (distance) happens over time. Second, always observe OB / OS in 1 higher TF than your actual trading TF. This becomes most important, when you scalp in shorter TF. Otherwise, you will be badly caught in smaller TF whipsaws.
Hope it helps
One post that made my grey cells wake up and run full throttle about scalping.
I'm glad my grey cells did so. 9 trading days, from last monday, lowest pips 80 and highest 190 pips yesterday.
Observe trend on 1h and trade towards that on 15m and 5m, trend on 15m, trade on 5m and 1m.

Cheers
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My entry rules, in the same order, always.
1. Observe price action, candlestick pattern/s.
2. Observe Present Price with regards to 10 ema channel and Guppy LT ema's
3. Observe TDI
4. Pull the trigger
5. Target - either ATR*2 (on trading TF) or hard target, 3 pips on 1m, 5 pips on 5m and 10 pips on 15m, 3/5/15 over and above the spread.
"WHAT DO I SEE, WHAT DOES IT MEAN, WHAT DO I DO?"
Cheers
Great posts,Sagar, and thank you.
Quoting sagar1983
{quote} Hi pip, I do use Guppy's LT ema's not sma or wma. But I don't use short term ema's as Rajesh pointed out, they dont serve too much of a purpose. I'm using 10 ema channel, instead of ST Guppy ema's. I follow TDI to know OB / OS zones, but it should be OB / OS in 1 higher tf above my trading TF. For buy trades, Candles should close above 10 ema channel, 10 ema channel above LT ema's and TDI should be above 50 level and opposite true for sell trades. Due to lesser volume, I'm only scalping since last monday, 8 trading days. I trade from 2nd...
Thank you for this, Sagar.

Regarding looking at the TDI on 1 higher TF, is there a way of changing the settings on the current TF to make it mirror what it would be doing on the HTF? From H4 to D1 I have tried simply multiplying the relevant settings by 6, but it doesn't seem to work as expected.
  • Post #530
  • Quote
  • Edited at 9:06am May 14, 2022 8:50am | Edited at 9:06am
Quoting Spudfan
{quote} Thank you for this, Sagar. Regarding looking at the TDI on 1 higher TF, is there a way of changing the settings on the current TF to make it mirror what it would be doing on the HTF? From H4 to D1 I have tried simply multiplying the relevant settings by 6, but it doesn't seem to work as expected.
Spudfan, There are few traders, using MTF TDI. But it kind of jumbled up my charts. Just like you, I prefer neat and simple charts, highlighting all important candlesticks. Anyway, it won't take more than a second to check higher TF TDI, we won't loose much time. You can find all TDI related Indi's in the original TDI thread, Trading made simple by Big E. There are different versions of TDI itself. I use the TDI, advised by original Big E.
More importantly, I do top down analysis on every weekends, so generally I know, where PA and TDI, is on HTF.
My bias is Bullish on Yen (Bearish on EJ, GJ, AJ, CadJ and ChfJ) and GU, EU and AU as GU, EU and AU are OS even on weekly TF and kind of reversal started on last 4h candle close on Friday. So, I know the nearest upside KPL is too far away for me to rely only on TDI for OB levels. Same is true for Yen on OS levels.
This top down / predictive analysis on each weekends, greatly reduces my time and efforts on trading days.
Hope it helps.
  • Post #531
  • Quote
  • Edited at 9:54am May 14, 2022 9:25am | Edited at 9:54am
This post is off the topic of GMMA, but I thought it might help someone. In 1 of his posts, Rajesh spoke about how he uses GMMA to build up his portfolio. That post made me think up little bigger and wiser also. It is simple human psychology that we tend to spend whatever income we get in hand.
To negate this spend-thrift attitude, I opened a kind of Savings account. I opened 1 more trading account with my broker. My primary trading account takes care of all our family expenses and few more as well. Since last Monday, when I opened the Savings account, I transfer 30% of the closed trade's profit, at the end of the day, to Savings account. Every trading account should earn, not be idle. So, Whereas, I risk 2% on each trade in my Primary account, I risk only .5% in Savings account.
The main difference between the two accounts is, whereas I withdraw every weekend from my Primary Account, for our family expenses, idea is to withdraw ONLY 50% of the profit from Savings Account, ONLY at year end, making it grow, SLOW AND STEADY over Long Long time. And this little brother Savings Account, keeps getting pocket money regularly from Big Brother, Primary Account.
Hope it helps someone.
Cheers
Quoting sagar1983
This post is off the topic of GMMA, but I thought it might help someone. In 1 of his posts, Rajesh spoke about how he uses GMMA to build up his portfolio.
thank you for your kind words sagar. that one post is only part of the strategy of my portfolio building. i will post the all the details in a day of two.

Spudfan sir : "Regarding looking at the TDI on 1 higher TF, is there a way of changing the settings on the current TF to make it mirror what it would be doing on the HTF?"
Attached File
File Type: ex4 TDI Red Green NRRP(mtf + alerts +arrows).ex4   72 KB | 16 downloads
Attached File
File Type: mq4 TDI Red Green NRRP(mtf + alerts +arrows).mq4   36 KB | 13 downloads

try this.
Quoting sagar1983
{quote} Pip, TDI / RSI / Stoch, anything and everything will work. You should get used to the ebb / flow.
i agree. but the default settings dont work. you need to play with the settings, corelate with your guppy chart and backtest. all oscillators will give correct signals if the settings are right. for me to go with guppy LT AND 10 ema channel, rsi 6/12 crossover and both 50 cross is ideal. similarly you need to play and adjust the tdi settings.

those who use MACD, 6,50,9 is ideal to go with guppy and 10 ema entry. i am using this also along with rsi to prevent false breakouts.

rather than a clean chart, i do like indicators that help me to enter a strong trend and make money.
thats all we care as traders i suppose
let me give you examples.

i consider 20/80 rsi 6 as oversold and overbought levels.
on thursday at 10 min to market colse i went long on nifty which is in a very strong downtrend on guppy but rsi 6 was well below 20. friday morning nifty opened gapup and i got 140 points within first 5 min of trade. after words nifty again went down and almost touched previous day low. but i earned on a counter trend entry and my day was made.

i see that you trade on 1 min charts. sometimes i also. but my rsi settings are 60/90 crossover ( fixed minimum 40, fixed maximum 60) and i use ema 240 with our standard guppy LT group.
my entries are 60/90 cross eachother and both cross 50 at the same time price crosses ema 240.
just try, it might help.
Quoting walvekarraje
let me give you examples. i consider 20/80 rsi 6 as oversold and overbought levels. on thursday at 10 min to market colse i went long on nifty which is in a very strong downtrend on guppy but rsi 6 was well below 20. friday morning nifty opened gapup and i got 140 points within first 5 min of trade. after words nifty again went down and almost touched previous day low. but i earned on a counter trend entry and my day was made. i see that you trade on 1 min charts. sometimes i also. but my rsi settings are 60/90 crossover ( fixed minimum 40, fixed...
Rajesh, Trend is real important in trading, but problem, the way i see it, is Trend word is thrown around in most of the threads like a freebie.
Trend becomes irrelevant without being specific to TF. There was a guy, who was talking about trading 1m towards weekly trend. That poor guy never realized that tremendous amount of PA happens in weekly compared to 1m movement. I look at D, only if I'm trading 4h swing or 1h intra day trades. For all my scalping trades, I only look at 1h trend, not beyond. and more importantly, I'm scalping since 3/4 weeks as market was not moving much to look for 4h swing or D positional trades. I trade to earn, TF's are irrelevant for me.
Same it true with any oscillator/s. Many traders consider OB / OS as reversal even in 1m, 5m and 15m. For me, OB / OS in shorter TF is strong indication of trend continuing in the same direction. Only when TDI reaches OB / OS in 4h and above, I start looking deeper. Again, TDI is only to confirm, PA is primary for me. I manually draw KPL's on D and 4h TF's. When price reaches those levels, I will be keenly interested in PASR.
WHAT DO I SEE, WHAT DOES IT MEAN, WHAT DO I DO is my Mantra.
Cheers.
Quoting sagar1983
My entry rules, in the same order, always. 1. Observe price action, candlestick pattern/s. 2. Observe Present Price with regards to 10 ema channel and Guppy LT ema's 3. Observe TDI 4. Pull the trigger 5. Target - either ATR*2 (on trading TF) or hard target, 3 pips on 1m, 5 pips on 5m and 10 pips on 15m, 3/5/15 over and above the spread. "WHAT DO I SEE, WHAT DOES IT MEAN, WHAT DO I DO?" Cheers
NICE
"Imagination is more important than knowledge." - Albert Einstein
If pictures convey a lot, my top down / Predictive Analysis for EU ...
On W, Price is not just OS but also at KPL, manually drawn horizontal line. D OS. Bullish Divergence on 4h, confirmed by PA.
Ride it up in 1h and 15m, buy each dip till next kpl. Same kind of predictive analysis for every pair that I scan.
Cheers
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Continuing EU predictive analysis, scalping scenario ...
Cheers ..
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  • Post #539
  • Quote
  • Edited at 12:57pm May 15, 2022 12:38pm | Edited at 12:57pm
I've been a bit quiet in recent days, but have been lurking quietly in the background following the interesting conversations that Sagar has introduced.

First, a comment to Sagar - it's amazing that you have built up not only your primary account sufficient to live off, but that you now have a "savings" account that you are building up. Most of us are still working on our primary account and dreaming of the day it has built up sufficiently to live off, so well done to you.

Then, you made a comment about using TDI and it sparked a memory for me of Big E's thread (Trading Made Simple) in its early days and before it got hijacked by others, one in particular. So, in spite of my saying I prefer a simple chart and that I get distracted by indicators, I've been spending recent days working with bits and pieces from Big E's thread and from this thread and have come up with something that is looking promising. It uses Rajesh's 10 EMA channel, Big E's "5-method" and the TDI. I've been backtesting it carefully over the weekend and feel optimistic.

It does not belong in this thread, so I'll leave it at that, but I might even open a "savings account" of my own one of these days
  • Post #540
  • Quote
  • Edited May 16, 2022 12:03am May 15, 2022 10:09pm | Edited May 16, 2022 12:03am
Quoting Spudfan
I've been a bit quiet in recent days, but have been lurking quietly in the background following the interesting conversations that Sagar has introduced. First, a comment to Sagar - it's amazing that you have built up not only your primary account sufficient to live off, but that you now have a "savings" account that you are building up. Most of us are still working on our primary account and dreaming of the day it has built up sufficiently to live off, so well done to you. Then, you made a comment about using TDI and it sparked a memory for me of...
You are so very right about ONE hijacking Big E thread, shamelessly. I stopped reading the thread soon after Big E left for heaven and there was nothing left to learn as well.
I'm kind of old school, does not believe in back testing, but rely more on live environment. I have a 100$ account (trade .01, micro lot only), on which I test all new indi / strategy that I might be interested in. Back testing does not involve all important EMOTIONS, which plays big part in all trading related decisions.
As far as this thread is concerned (being off track the main concept), this thread was dead, if not for you and Rajesh. That way, I trust, we can continue discussing here, irrespective of different Ind's that we might add as GMMA is still part of our strategy. I do have LT Guppy though I use 10 ema channel.
Cheers
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Spudfan