Disliked{quote} Hi jpntrader, Good to know you are getting some progress in trading BigE’s Trading Made Simple. Some feedback on your post 1. I don’t use moving averages, because they does not reflect the trend of current market. A 50EMA at current candle pointing down only means the price GENERALLY moved down. It has no information of more current price movement, not to mention no price level information. For #647, highs and lows can tell pretty clearly if the trend is up, down or sideways. They also provide information of significant price levels to expect...Ignored
Yes, price breaking EMA is usually TDI green crosses red as well, I am well aware of that.
EMA that I am using are:
- 50 EMA that is locked on the current TF I am in
- 50 EMA that is locked on 4H, no matter what TF I am in.
That way, if say, current TF EMA is constantly below 4H EMA, I only focus on taking shorts, haha. Because I know that the TF I am on aligns with 4H.
That is my method of focusing on what positions I should take (which of course, open for revision and improvement upon receiving advice from seniors).
Tommy, if you don't mind sharing, I would like to ask a bit further about your method.
- Do you do multi time frame analysis to form your bias? How do you come to conclusion that "okaay so on this pair I will focus on longs" and so on.
Asking this because I know that your entry timing is the same as mine-- enter at the end of the retracement phase. - On tradingview, which TDI indicator are you using? I forgot the name of the one that you're using when I saw your post pages ago, but as I remember, I could not find the same one as yours.
- What pairs do you usually trade? Also you execute on 15m, am I correct?
(I know this has nothing to do with the system, I just feel who knows I could get some kind of reference on how many pair I should trade)
Thanks Tommy. Have a good Friday night.
(we're only an hour away).