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Trading Made Simple

  • #135,941
  • Nov 11, 2022 1:08pm Nov 11, 2022 1:08pm
Quoting pips29
{quote} for a start this looks like a good size {image}
Wow....mine is gold plated in color and very big in size.
Time always comes before price
  • #135,942
  • Nov 11, 2022 1:56pm Nov 11, 2022 1:56pm
2 nice 1hour trades gave me some pips for today.
It was a messy trading week for me ,but i still did grow my account with 9%.
Attached Image(s) (click to enlarge)
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  • #135,943
  • Nov 11, 2022 2:36pm Nov 11, 2022 2:36pm
Quoting pips29
{quote} for a start this looks like a good size {image}
Couldn't believe it tbh, I would never have caught that move the way I was trading
  • #135,944
  • Nov 11, 2022 4:08pm Nov 11, 2022 4:08pm
Quoting bandler
{quote} Couldn't believe it tbh, I would never have caught that move the way I was trading
What has changed to the way you were trading. Can you put the chart up and show me your entry and exit and also why you wouldn't have entered with your previous method. We can all do with some idea from you
the cautious seldom err....C
  • #135,945
  • Nov 11, 2022 4:27pm Nov 11, 2022 4:27pm
Quoting pips29
Taking a look at EU and GU you will notice both pairs are making HH and HL..If you are a trend trader you should be looking at longs unless you are one of those top and bottom pickers and end up with smelly fingers,,I might take a trade later on during NY/LON. session {image} {image}
EU hit the level I marked on my chart, need to plot levels for next week. GU was close but not there yet..hope you guys did not try to pick the tops
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSD.pDaily.png Size: 24 KB
the cautious seldom err....C
  • #135,946
  • Nov 11, 2022 4:32pm Nov 11, 2022 4:32pm
Quoting patricc
2 nice 1hour trades gave me some pips for today. It was a messy trading week for me ,but i still did grow my account with 9%. {image} {image}
I have no idea where you enter and exit but anyway you got green pips
the cautious seldom err....C
  • #135,947
  • Nov 11, 2022 4:42pm Nov 11, 2022 4:42pm
bitcoin broke the low of 12th June and it's looking real bad, more downside is expected imo
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #135,948
  • Nov 11, 2022 8:13pm Nov 11, 2022 8:13pm
For newbie transition to newbie 2.0

weekend reading and study materials

1) Trading Plan pdf { download }

2) Systems and Trading Fundamentals { download }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,949
  • Nov 11, 2022 8:18pm Nov 11, 2022 8:18pm
Quoting ES Trader
{quote} Mine looks same. I just see the moving Average
Thank you very much!
  • #135,950
  • Nov 11, 2022 8:20pm Nov 11, 2022 8:20pm
Quoting pips29
bitcoin broke the low of 12th June and it's looking real bad, more downside is expected imo {image}

last time was Dec 2017 13957 is before this

Attached Image (click to enlarge)
Click to Enlarge Name: BTC Nov11 NYClose.png Size: 22 KB

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,951
  • Nov 12, 2022 12:45am Nov 12, 2022 12:45am
Hi everyone im new here. Had to sign up after i read Eelfranz simple system. May he Rip. Thanks Emmanuel for the reading material. Thank you everyone for sharing your input.
  • #135,952
  • Nov 12, 2022 3:10am Nov 12, 2022 3:10am
Quoting pips29
{quote} I have no idea where you enter and exit but anyway you got green pips
the candle with the cross of the vertical and horizontal line.
  • #135,953
  • Nov 12, 2022 3:35am Nov 12, 2022 3:35am
Quoting patricc
{quote} the candle with the cross of the vertical and horizontal line.
Very good entries ,patricc
the cautious seldom err....C
  • #135,954
  • Nov 12, 2022 11:22am Nov 12, 2022 11:22am
Quoting Paulscaff1
Very basic backtest using 6 months of data on GU if anyones interested. To be honest I totally forgot about the EMA but might include it in a more refined backtest in the future. {image}
The TDI has the wrong settings on it.
  • #135,955
  • Nov 12, 2022 11:59am Nov 12, 2022 11:59am
Quoting lynnc
{quote}The TDI has the wrong settings on it.
Just double checked, yeah your right mate, was a totally wrong TDI, I didnt even notice that it was "TDI of RSX" (i just grabbed the first one I saw, turns out its completely wrong.

Thanks for pointing that out
  • #135,956
  • Edited 3:47pm Nov 12, 2022 3:37pm | Edited 3:47pm
Quoting Paulscaff1
Very basic backtest using 6 months of data on GU if anyones interested. To be honest I totally forgot about the EMA but might include it in a more refined backtest in the future. {image}

Quoting Paulscaff1
{quote} Yeah totally wrong TDI mate, dont know what I was thinking Trades were entered after the green crossed red and the open of the very next bar to confirm the IDI cross. I didnt give refreshing the chart any thought tbh mate...its soft4x so it just paints each bar and repaints the TDI as it goes in live time. I will remove the post and redo it properly with the correct TDI as I now notice the two TDI's are completely different and showing vastly different signals. Thanks for your feedback
Make sure you use the original TDI version the OP Big E got from CompassFX in 2006.
That's the version in Post#25.
Make sure you use the 5EMA, Typical Price, Shift+2 and the APB/HA candle Price Action.


Your six(6) months system strategy testing should look like this below:

Attached Image (click to enlarge)
Click to Enlarge Name: Emm #69069 TMS MEME.png Size: 85 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,957
  • Nov 12, 2022 4:00pm Nov 12, 2022 4:00pm
Quoting Tekkies
{quote} Lack information. > Which TDI is used and settings for TDI? = Real time > (When is order placed > First time green cross red or bar close or somewhere in between?) = Update on bar close (Post#25 TDI) > Backtesting a repainting indicator will give misleading results) > Enter trade on beginning of new bar? > BigE switched on computer for each trading session. How did you re-freshed the chart during back-testing?

hey @Tekkies

Do No bother with switching computer off and on.
These days with better computer hardware technology and very short bootup time, people leave the computer on all the time. You can consider the power management options and let the CPU to sleep mode without restarting and re-initializing your PC.

There's no need to think of refreshing your MT4 charts. It does not matter when you follow the price, its price action , look at recent price action swing highs and swing lows for the support and resistance, look at the price round number levels 00 and 50, look at the highs and lows of the TDI, and also look at the market volatility and the TDI' volatility band , etc. ALL these things are basics newbies must know.

Do Not forget Post#261 and master seeing that on your charts.

Post#261

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #261 red.png Size: 55 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,958
  • Nov 12, 2022 4:40pm Nov 12, 2022 4:40pm
Quoting Paulscaff1
{quote} Just double checked, yeah your right mate, was a totally wrong TDI, I didnt even notice that it was "TDI of RSX" (i just grabbed the first one I saw, turns out its completely wrong. Thanks for pointing that out
TDI versions compare:

GBPSD USD H4 charts - TDI Red Green and TDI RT compare:

Here is a GU H4 chart screen shot at the NY close hour.
Chart A is realtime without refreshing the chart.
Chart B is after the chart had been refreshed, both the TDI looks exactly the same.

Note: when you change the TF on your MT4 and make screen shot of your trade in different TF , all the indicators data will be recalculated hence the chart will be refreshed. The price action remains the same!

Below I am comparing the two versions of the TDI posted in this thread.
1st is the TDI Red Green used our late OP eelfranz.
2nd is the TDI RT (realtime) by X-man from the TMS H1 thread.

Attached Image (click to enlarge)
Click to Enlarge Name: Emm #32,009.png Size: 39 KB

>>> Update your trade setup and entry rules according to which TDI version you use.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #135,959
  • Nov 12, 2022 4:42pm Nov 12, 2022 4:42pm
Quoting emmanuel7788
{quote} last time was Dec 2017 13957 is before this {image} ...
If it's going to fall to 13957 I reckon 2 weeks is sufficient time
the cautious seldom err....C
  • #135,960
  • Nov 12, 2022 4:59pm Nov 12, 2022 4:59pm
I'm in with a position now
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDH1.png Size: 24 KB
the cautious seldom err....C
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