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Trading Made Simple

  • #134,421
  • Sep 13, 2022 6:58pm Sep 13, 2022 6:58pm
Quoting emmanuel7788
{quote} This is obvious when consecutive bullish daily candles... we buy during the LTF retracements and take only low risk trade setups try m5 for entries! use your Money Management strategy for TMS MEME EVO! {image} ...

US CPI crashes!

- no m5 setup after EST 8:30am and 9:30am

- more US data today and tomorrow

> Fear and Greed

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Attached Image (click to enlarge)
Click to Enlarge Name: SP500 m5 crashed 14-9-2022 7-57-56 am.png Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,422
  • Sep 13, 2022 7:09pm Sep 13, 2022 7:09pm
UJ Sep14 H1 Tokyo Open 9am

- same multi-lots entries and exits

- same CM setfile

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Sep14 Tokyo 9am 14-9-2022 8-07-00 am.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,423
  • Sep 13, 2022 7:13pm Sep 13, 2022 7:13pm
AU Sep14 H1 Tokyo 9am

- we have a 5bars swing low

Attached Image (click to enlarge)
Click to Enlarge Name: Au Sep14 H1 Toktyo 9am 14-9-2022 8-11-32 am.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,424
  • Sep 13, 2022 8:05pm Sep 13, 2022 8:05pm
So this is just with Fibs from different swing points. No TDI on the first 3. The last 2 pictures show the power of the TDI. When it leaves the bands a reversal is coming. BTW, this is a Daily chart showing how clear this price action was which created a double bottom back in Dec 2019.
Everything easy was hard at first
  • #134,425
  • Sep 13, 2022 8:08pm Sep 13, 2022 8:08pm
Let's see if I remember how to do this. Probably gonna be all screwed up but THAT is for your pleasure
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Everything easy was hard at first
  • #134,426
  • Sep 13, 2022 8:11pm Sep 13, 2022 8:11pm
And with smaller TF's you can easily see where the pullbacks will occur.

TDI is the absolute best indicator on any TF you just have to adjust your profit expectations
Everything easy was hard at first
  • #134,427
  • Sep 14, 2022 1:13am Sep 14, 2022 1:13am
EU Sep14 H1 Frankfurt Open

- Price Action BEEOB setup candle is risky at this hour and the next ...

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep14 BEEOB FO 14-9-2022 2-08-02 pm.png Size: 35 KB


- take a look at the other TFs

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Click to Enlarge Name: EU Sep14 H1 pipware 14-9-2022 2-14-54 pm.png Size: 36 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,428
  • Sep 14, 2022 2:05am Sep 14, 2022 2:05am
Quoting emmanuel7788
EU Sep14 H1 Frankfurt Open - Price Action BEEOB setup candle is risky at this hour and the next ... {image} - take a look at the other TFs {image} ...
EU Sep14 H1 at London Open

- it is EST 3am and we are still in the 4hr 10PM PDT candle time

- if the LTF continues as it is now, the next 4hr 2AM PDT would be a possible sell

- not predicting here but you must follow the market and it will lead you there

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep14 H1 to the 4hr 14-9-2022 3-02-13 pm.png Size: 38 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,429
  • Sep 14, 2022 2:13am Sep 14, 2022 2:13am
EJ Sep14 H4

- I see potential in the coming days and weeks

- BB plus MAs traders know what I mean

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Sep14 H4 BBMA 14-9-2022 3-11-54 pm.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,430
  • Sep 14, 2022 2:40am Sep 14, 2022 2:40am
Quoting ocd
Let's see if I remember how to do this. Probably gonna be all screwed up but THAT is for your pleasure {image} {image} {image} {image} {image}
i like your fib,please share and i am interested in learning how do u trade puillbacks in smaller time frame,thanks
  • #134,431
  • Sep 14, 2022 4:09am Sep 14, 2022 4:09am
Quoting emmanuel7788
{quote} EU Sep14 H1 at London Open - it is EST 3am and we are still in the 4hr 10PM PDT candle time - if the LTF continues as it is now, the next 4hr 2AM PDT would be a possible sell - not predicting here but you must follow the market and it will lead you there {image} ...

EU Sep14 EST 5am and PDT 2am

- its the 4hr Big E would be looking for trade

- but with H4 gravestone-like candlestick at BRN1.0000

- better look at other pairs with a better setup

Attached Image (click to enlarge)
Click to Enlarge Name: EU Sep 14 H4 2AM PDT 5AM EST 14-9-2022 5-04-54 pm.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,432
  • Sep 14, 2022 4:13am Sep 14, 2022 4:13am
Quoting emmanuel7788
{quote} EU Sep14 EST 5am and PDT 2am - its the 4hr Big E would be looking for trade - but with H4 gravestone-like candlestick at BRN1.0000 - better look at other pairs with a better setup {image}

GU Sep14 H1 EST 5am

- 5bars swing low completed

- looks reasonably good for a day trade

- there's room for TMS-II exits




Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep14 H1 pipware 5am EST 14-9-2022 5-11-54 pm.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,433
  • Edited 5:44am Sep 14, 2022 4:22am | Edited 5:44am
Quoting ocd
And with smaller TF's you can easily see where the pullbacks will occur. TDI is the absolute best indicator on any TF you just have to adjust your profit expectations
TDI is the absolute best indicator on any TF
LOL. No TDI is not the best indicator. If you have read all of my posts, then you would have seen how I showed several different indicators that all tell essentially the same thing, and TDI is in the group. In fact, if you even bothered to read all of the posts in this thread, as BigE said you should do, then you would already know that the MACD settings can be adjusted to emulate the TDI. So is one better than the other if they tell you essentially the same thing?

In addition, of course the indicator is used the same way on ANY TF because of the fractal-like nature of financial time series. You just need to do proper scaling of some of your other trading system parameters according to the selected TF, as you noted.
To free Gazans of Hamas, use whatever it takes.
  • #134,434
  • Sep 14, 2022 7:10pm Sep 14, 2022 7:10pm
Quoting KCJed
I feel like I'm ready to take a funding challenge for a Prop firm. Does anyone have any experience with one that you'd recommend? @emmanuel7788 "Big Emm"? I've been considering either FTMO or Surgetrader. I want one focused more on Forex and one that offers MT4 since MT4 is what I'm familiar with and I already have all the indicators I need for it. I'd appreciate any suggestions especially from those who have personal experience with a particular Prop firm. Thanks.

You do not need any prop firm to funds for your own trading. I know prop firms are very tempting for most people. Do No trade with money you do not have.

Just save up an equivalent one year of your annual income as your trading capital.
Use this start-up trading capital wisely and trade SMART .
You can grow your trading account 10% to 20% per annum and contribute to your annual income.

Think of starting with $10,000 and grow that to $25,000, then to $50,000. From $50,000 you can make $200,000 every 3 years over a 10 to 20 years period.
Doing and achieving this over time, you will develop yourself to become a much better trader then to the level of being a Super Trader and you can trade and make money in 'good and bad markets'.

It all depends on you and your own hardwork. You need your own Blueprint for Trading Success.

Study the Money Management Report by Dr Van K Tharp.
this Money Management Report {< click },
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,435
  • Sep 14, 2022 7:28pm Sep 14, 2022 7:28pm


Quoting ocd
And with smaller TF's you can easily see where the pullbacks will occur. TDI is the absolute best indicator on any TF you just have to adjust your profit expectations

"TDI is the absolute best indicator on any TF you just have to adjust your profit expectations"

Dean Malone' is a smart guy who developed the TDI which is a hybrid indicator which traders can use to interpret the market. His TDI will show you several things about the market but you need your own experience how you trade with it.

Big E used the TDI as his helping indicator { #202 Dec 27, 2009 } when he was trading Craig Harris Stochastics Method. He went on to say that he always had the TDI on his charts no matter which method he trades.

#3044 Jan 20, 2011
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.
#3103 Jan 26, 2011
I almost always have the tdi & stoch on all my charts regardless of the method being used.

#3418 Feb 12, 2011
You can trade the 5 method without the TDI if it's a problem...
PA is HA Candles, PA crosses the yellow line and closes... enter on the next candle if it's the same color. When candles flatten out... exit. Stay in the trade as long as it doesn't cross back over the yellow line and close.
The TDI just gives me a lot more information for making my entries & exits decisions.

My conclusion after trading with the TDI for more than 10 years is:

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.


TDI is indeed one of the best hybrid indicators known.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,436
  • Sep 14, 2022 7:38pm Sep 14, 2022 7:38pm
Quoting emmanuel7788
{quote} GU Sep14 H1 EST 5am - 5bars swing low completed - looks reasonably good for a day trade - there's room for TMS-II exits {image}

GU Sep14 H1 trades closed

- one of the method to pick a best setup is the 5bar swing low completion

- plus basic price action looking at the price + HA candles + 5EMA Typical Price. Shift+2

- with confidence trading more than 5,000 trades you can make decision without the TDI

- the rest is left to the market to decide

- one position took profit +25pips,

- the remaining got stopped out by the CSTSL +5pips


Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep14 trades closed 14-9-2022 7-50-44 pm.png Size: 36 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,437
  • Sep 14, 2022 7:55pm Sep 14, 2022 7:55pm
Quoting ocd
And with smaller TF's you can easily see where the pullbacks will occur. TDI is the absolute best indicator on any TF you just have to adjust your profit expectations

when I read all Big E 1485 posts and studied all the 304 charts Big E posted in Forex Factory, he had used many of MT4 Common Indicators - Stochastics, RSI, MACD, OsMA, AC, AO, etc. in all he has 19 templates of several systems and methods.

the TDI which he took from Dean Malone' Synergy is the best hybrid indicator in the lot of indicators he has used back then between 2006 and 2010.

there are other hybrid indicators developed after 2011.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,438
  • Sep 14, 2022 8:03pm Sep 14, 2022 8:03pm
GBPAUD Sep14 H1 trades closed

- a simple trade following multi-timeframe HA candles and 5EMA
- Daily Inside Bar breakout

- first positions +25pips
- remaining +100pips
- using THV CaveManager to manage the TMS-II exits


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Sep14 trades closed 15-9-2022 8-58-16 am.png Size: 35 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,439
  • Sep 14, 2022 8:08pm Sep 14, 2022 8:08pm
Quoting emmanuel7788
GBPAUD Sep14 H1 trades closed - a simple trade following multi-timeframe HA candles and 5EMA - Daily Inside Bar breakout - first positions +25pips - remaining +100pips - using THV CaveManager to manage the TMS-II exits {image} ...

Price Action ... everything you can see all on one same chart.
Daily candles
Mother Bar + Inside Bar + Inside Bar DIB
Mother Bar + Inside Bar
>>> breakout!

Attached Image (click to enlarge)
Click to Enlarge Name: GA Mother Bar inside Bar breakout.png Size: 45 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #134,440
  • Sep 14, 2022 9:42pm Sep 14, 2022 9:42pm
EA Sep15 H1 Price Action setup DBHLC

- in an establish trend/swing we look for continuation price action setups

- Double Bars High Lower Close DBHLC is a sell setup and you do not need the TDI to tell you when to trade

- know a few basic PA setups and when to take a trade

- if you spend 2 years like the OP did ( Post #2617) then taking clean trades would be a breeze


Attached Image (click to enlarge)
Click to Enlarge Name: EA Sep15 H1 DBHLC setup 15-9-2022 10-35-02 am.png Size: 98 KB



- to learn more about DBHLC and DBLHC, go to this thread
https://www.forexfactory.com/thread/...6-chart-thread



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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