Attachments: Trading Made Simple

Trading Made Simple

#137,361
Jan 10, 2023 4:13am Jan 10, 2023 4:13am

Tekkies
Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts

Quoting tassiebear

Disliked

Hi all, I'm new to the thread, I spend a couple of weeks reading through the thread, downloading PDF post summaries etc. I like the TMS approach idea. I was wondering are we still closing H4 trades on US open candle closes? I use the Tradingview platform and i modified the TDI indicator to show color background on crosses, i use that as my alerts.this attached is my charts with white buy and red close trades i did last week. {image}

Ignored

Your chart layout is correct.
Your entries are correct.
--------
Reading Vincent's replay to your post, remember that he will post anything to get you to stop using TDI green cross red with angle above/below 2/4 and Stoch confirming the TDI green direction.
- No mention of TDI > It tells you when to enter and where to exit any trades... so review previous posts and learn it good.
- You can remove HA Candles if you can handle the stress > trading way less stressful... use them.
- His advice to how to use Stoch is totally against what BigE posted > Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

- About 5EMA. Read Post#718 and decide yourself if you want to use it
#718...... I left it on my chart because I like to see how PA interacts with the 5ema line during the trade. Gives me a better feel for what's going on... that's mainly the reason...

Once more no mention of TDI > If there is a reversal do I have a TDI signal to enter...

Try not to enter on candle 3 after the crossover > enter on candle 2...

This fit in nicely with Post#647 >
- HA Candles... What are their size?
- If they are small I will usually go find another set up...
- Look for consolidation...
- look for how close PA is to supp/res levels...

#137,362
Jan 10, 2023 4:55am Jan 10, 2023 4:55am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,185 Posts

Quoting oo7rai

Disliked

i can never think about shorting this before iower low and lower high. {image}

Ignored

@oo7rai

when I made the transition to trade the 4hr years ago, I always look at the H4 price action.

Obvious the H4 price action is making higher high + higher low + higher Close,

therefore no selling until I see a 'strong reversal' type setup.

a possible higher timeframe setup would be H1 with a swing high True REVERSAL setup with strong H1 bearish MOMENTUM and that comes with some risk.

at the moment potential is BRN 1.5600

as target and wait for Price Action at confluence of S&R.

Attached Image (click to enlarge)

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Name: EA Jan10 m5 with H4 10-1-2023 6-48-37 pm.png
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#137,363
Jan 10, 2023 5:06am Jan 10, 2023 5:06am

tassiebear
| Joined Jan 2019 | Status: Trader | 86 Posts

Quoting Tekkies

Disliked

{quote} Your chart layout is correct. Your entries are correct. -------- Reading Vincent's replay to your post, remember that he will post anything to get you to stop using TDI green cross red with angle above/below 2/4 and Stoch confirming the TDI green direction. - No mention of TDI > It tells you when to enter and where to exit any trades... so review previous posts and learn it good. - You can remove HA Candles if you can handle the stress > trading way less stressful... use them. - His advice to how to use Stoch is totally against what BigE...

Ignored

Hi Tekkies and thanks for your reply.

I have a question tho - how do you know if it's candle 1 or 2 if you don't use ha?
I assume you would ignore that rule then or use candlestick one or two instead of ha candle 1 or 2?
In either way that would most likely give you different entreis as original system does.

#137,364
Jan 10, 2023 5:12am Jan 10, 2023 5:12am

AmitabhaB
| Joined Sep 2016 | Status: Trader | 76 Posts

My view on XAU/USD

Attached Image (click to enlarge)

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Size: 44 KB

#137,365
Jan 10, 2023 5:13am Jan 10, 2023 5:13am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,185 Posts

Quoting tassiebear

Disliked

{quote} Hi Tekkies and thanks for your reply. I have a question tho - how do you know if it's candle 1 or 2 if you don't use ha? I assume you would ignore that rule then or use candlestick one or two instead of ha candle 1 or 2? In either way that would most likely give you different entreis as original system does.

Ignored

@tassibear

Excellent question: "how do you know if it's candle 1 or 2 if you don't use ha"

@Tekkies doesn't have the correct answer. He simply follow TDI blindly because he believes the TDI is his Holy Grail.

His 2022 trading was another deep in his failure pit with his 1176 trades losses and another year of another Margin Call

Attached Image (click to enlarge)

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Name: Tekkies TE Dec14 1176 trades losses 15-12-2022 2-02-12 am.png
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#137,366
Jan 10, 2023 5:19am Jan 10, 2023 5:19am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,185 Posts

Quoting AmitabhaB

Disliked

My view on XAU/USD {image}

Ignored

both Weekly and Daily is trending

H4 is sideways with a Inside Bar candle and no clear breakout yet ...

look for low risk trade idea ...

M5 can scalp entry, follow the H4 price action and confluence of support

and possible trade would be New York 10:30am M10 range

Attached Image (click to enlarge)

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Name: XAUUSD Jan10 M5 w H4 10-1-2023 7-16-22 pm.png
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#137,367
Jan 10, 2023 5:31am Jan 10, 2023 5:31am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,185 Posts

Quoting AmitabhaB

Disliked

My view on XAU/USD {image}

Ignored

here is a M5 Price Action 5-Method setup

but the H1 is not ready...

Attached Image (click to enlarge)

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Name: XAUUSD Jan10 M5 price action 10-1-2023 7-30-02 pm.png
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#137,368
Jan 10, 2023 5:41am Jan 10, 2023 5:41am

Tekkies
Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts

Quoting tassiebear

Disliked

{quote} Hi Tekkies and thanks for your reply. I have a question tho - how do you know if it's candle 1 or 2 if you don't use ha? I assume you would ignore that rule then or use candlestick one or two instead of ha candle 1 or 2? In either way that would most likely give you different entreis as original system does.

Ignored

HA is MT4/5 candle > Post 126,892
Candle nr > Post 126,715,

to really confuse you > Post 121,262
One reason not to use HA > Post 106,912

Rather stay with the advice BigE posted how to use TDI with Stoch then jumping through hoop's based on what members posts.
-----
Maybe you can look at SIGTDIS2 indicator >
Post 111,937

#137,369
Jan 10, 2023 5:44am Jan 10, 2023 5:44am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,185 Posts

Quoting emmanuel7788

Disliked

{quote} here is a M5 Price Action 5-Method setup but the H1 is not ready... {image}

Ignored

H1 view

Attached Image (click to enlarge)

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Name: XAUUSD Jan10 M5 w h1 candles 10-1-2023 7-39-54 pm.png
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#137,370
Jan 10, 2023 5:46am Jan 10, 2023 5:46am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,185 Posts

Quoting Tekkies

Disliked

{quote} HA is MT4/5 candle > Post 126,892 Candle nr > Post 126,715, to really confuse you > Post 121,262 One reason not to use HA > Post 106,912 Rather stay with the advice BigE posted how to use TDI with Stoch then jumping through...

Ignored

still the same 1176 trades losses and Margin Call when you do not understand Big E posts and have not mastered his 5-Method

Attached Image (click to enlarge)

...

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

#137,371
Jan 10, 2023 5:59am Jan 10, 2023 5:59am

Tekkies
Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts

Quoting emmanuel7788

Disliked

{quote} still the same 1176 trades losses and Margin Call when you do not understand Big E posts and have not mastered his 5-Method {image} ...

Ignored

I know, it's terrible.
Must really try not to argue with TDI and Stoch.

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By the way Vincent, seeing you like to repost my TE for 2022.

Where is your visible TE's for 2022?

#137,372
Jan 10, 2023 6:01am Jan 10, 2023 6:01am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,185 Posts

Quoting emmanuel7788

Disliked

{quote} @oo7rai when I made the transition to trade the 4hr years ago, I always look at the H4 price action. Obvious the H4 price action is making higher high + higher low + higher Close, therefore no selling until I see a 'strong reversal' type setup. a possible higher timeframe setup would be H1 with a swing high True REVERSAL setup with strong H1 bearish MOMENTUM and that comes with some risk. at the moment potential is BRN 1.5600 as target and wait for Price Action at confluence of S&R. {image} ... ...

Ignored

BINGO! hit BRN 1.5600

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Name: EA Jan10 m4 H4 hit 15600 10-1-2023 7-59-32 pm.png
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#137,373
Jan 10, 2023 6:02am Jan 10, 2023 6:02am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,185 Posts

Quoting Tekkies

Disliked

{quote} I know, it's terrible. Must really try not to argue with TDI and Stoch. {image} By the way Vincent, seeing you like to repost my TE for 2022. Where is your visible TE's for 2022?

Ignored