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Trading Made Simple

  • #146,161
  • May 9, 2024 7:31am May 9, 2024 7:31am
Quoting Johno77
Just made a few good pips on a quick straddle. GBP/USD cable. + it was US market open. Unemployment claims out in about 20 minutes from now. Might do another straddle on eur/usd

New York Open 8:30am now

Attached Image (click to enlarge)
Click to Enlarge Name: GU May09 NYO 9-5-2024 8-29-16 pm.png Size: 34 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,162
  • May 9, 2024 7:57am May 9, 2024 7:57am
Quoting emmanuel7788
{quote} Of course you know but have your made money with that 2ma for that so many years struggling with the TDI? If you had read the OP' posts and have done lots of practice, practice, practice,... you would have learned that the OP said the 2ma was not necessary when trading his 5-Method. Have you tried the stack TDI ? https://www.forexfactory.com/thread/...93#post4404893 ...
No I haven't tried the stack TDI because I don't find a need to change what I am already doing. I trade a few systems based on 1. what the market looks like to me and 2. which timeframe I want to trade that day. No struggling required, I love indicators
  • #146,163
  • May 9, 2024 4:04pm May 9, 2024 4:04pm
Quoting Guitarbloke
FT100. H4 Sell. TDI High. Green line sharp angle. Change of candle colour. Let's see{image}
Stopped out for a loss. Note to self. Trade with the trend bro! I'll wait for a pullback next time.
'Fail to plan, plan to fail'
  • #146,164
  • May 10, 2024 10:54am May 10, 2024 10:54am
Hello,

Sorry if this is the wrong thread but this is the only decent looking forum link when I searched for TDI.

I've been using TDI for a while and wondering if there is a way to program the TDI indicator on MT5 to send alerts when certain line movements happen, such as the price line breaking or approaching close to the Bollinger Band line.

I use the 15m timeframe and have my phone alarms set for every 13 minutes. But this is a hassle. I would prefer to have an alarm go off when the price line is near where I want it to be.

Thanks.
  • #146,165
  • May 10, 2024 9:49pm May 10, 2024 9:49pm
Quoting bpotter78
Hello, Sorry if this is the wrong thread but this is the only decent looking forum link when I searched for TDI. I've been using TDI for a while and wondering if there is a way to program the TDI indicator on MT5 to send alerts when certain line movements happen, such as the price line breaking or approaching close to the Bollinger Band line. I use the 15m timeframe and have my phone alarms set for every 13 minutes. But this is a hassle. I would prefer to have an alarm go off when the price line is near where I want it to be. Thanks.
That does not come free.

A few available at MQL Marketplace.

If you use MT4, RSI and BB alerts are free.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,166
  • May 10, 2024 9:53pm May 10, 2024 9:53pm
Quoting Johno77
Just made a few good pips on a quick straddle. GBP/USD cable. + it was US market open. Unemployment claims out in about 20 minutes from now. Might do another straddle on eur/usd
Quoting emmanuel7788
{quote} New York Open 8:30am now {image} ...

IF you follow the OP' post and trade news, then wait for that H4 candle to close at New York 9am, and check the trade setup conditions.

Both GU and EU have BUEOB price action setup at EST9am candle closed.

If you follow the OP' posts #1 and #281, then ...

you could have switched to the 1Hr and taken those trades.


Attached Image (click to enlarge)
Click to Enlarge Name: GU May09 news NY0830am 10-5-2024 8-56-08 am.png Size: 35 KB



Attached Image (click to enlarge)
Click to Enlarge Name: EU May09 news NY0830am 10-5-2024 8-56-33 am.png Size: 34 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,167
  • May 10, 2024 10:07pm May 10, 2024 10:07pm
Quoting lynnc
{quote}No I haven't tried the stack TDI because I don't find a need to change what I am already doing. I trade a few systems based on 1. what the market looks like to me and 2. which timeframe I want to trade that day. No struggling required, I love indicators

All the systems you are trying ... none are Holy Grail. But you can keep on trying and struggling to make money until you have learn the OP' 5-Method and master trading the 5-Method.... then you have a chance to recover all your losses of many years.

You need to learn to read the candles on your charts and what they are telling you. Traders love indicators ... lots of them ... I have been through all that in the last 30+ years ... Indicators require the price data - Open, High, Low and Close... that is why indicators based on Price OHLC are lagging. Nothing wrong to trade with lagging indicators provided you know how to read your candles.

#701

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Click to Enlarge Name: Big E #701 original.png Size: 83 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,168
  • May 10, 2024 10:12pm May 10, 2024 10:12pm
Quoting Guitarbloke
FT100. H4 Sell. TDI High. Green line sharp angle. Change of candle colour. Let's see{image}
Quoting Guitarbloke
{quote} Stopped out for a loss. Note to self. Trade with the trend bro! I'll wait for a pullback next time.
We all learn to take some losses ...

The OP too took many losses when he was trading with the TDI signals.

Some of his posts on Daily chart, study them, take notes and learn from them,

Note how he read his chart and the candles price action and your will learn to use post #647 to pick a few 5-Method PA setups .

Daily trade charts examples
#357
https://www.forexfactory.com/showthr...50#post4577150
#283
https://www.forexfactory.com/showthr...96#post4576096
#4171
https://www.forexfactory.com/showthr...11#post4527311
#3850
https://www.forexfactory.com/showthr...23#post4441523
#3679
https://www.forexfactory.com/showthr...85#post4420885
#3573
https://www.forexfactory.com/showthr...29#post4412229






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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,169
  • May 12, 2024 6:10pm May 12, 2024 6:10pm
Quoting tommydoginti
{quote} Trading Made Simple 3 year summary Method rules: #144535 Performance track on an account (~950 trades / TMS setups): #144517 #129706 About trading journals To properly investigate what I seek from the TMS method, I keep trading journals, but a bit more than recording entries, exits, etc. 2 cents on my approach to...
I dont understand how do u use candle color rule of ha candles? If u use the regular ones? Do u just not use that rule at all? I understand ur entry rules with price action and tdi confirmation sure...but when it comes to the candles what do u look for since ur not using ha?
  • #146,170
  • May 12, 2024 7:41pm May 12, 2024 7:41pm
Week 20 May 13 to 17

- going to be another good trading week with volatility in some pairs

- do you trade plan for this week and trade your plan

Attached Image (click to enlarge)
Click to Enlarge Name: FF Cal Week 20 13-5-2024 8-36-48 am.png Size: 34 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,171
  • May 12, 2024 7:49pm May 12, 2024 7:49pm
Quoting emmanuel7788
Week 20 May 13 to 17 - going to be another good trading week with volatility in some pairs - do you trade plan for this week and trade your plan {image} ...
UsdCad May13 4Hr Tokyo 10am soon

- the next 4 hours


Attached Image (click to enlarge)
Click to Enlarge Name: UCad May13 Tokyo 0947am 13-5-2024 8-46-52 am.png Size: 34 KB





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,172
  • May 12, 2024 7:55pm May 12, 2024 7:55pm
Quoting emmanuel7788
Week 20 May 13 to 17 - going to be another good trading week with volatility in some pairs - do you trade plan for this week and trade your plan {image} ...
Weekly determines the three Market Type conditions
> Trending
> Sideways Wide Range
> Sideways Narrow Range


Attached Image (click to enlarge)
Click to Enlarge Name: CAd pairs Weekly 13-5-2024 8-53-32 am.png Size: 48 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,173
  • May 12, 2024 8:05pm May 12, 2024 8:05pm
BTC May13

- looks like another bearish week if you simply look at the HA candles below its 5EMA, Typical Price, Shift+2


Attached Image (click to enlarge)
Click to Enlarge Name: BTC May13 Week20 decline 13-5-2024 9-01-14 am.png Size: 28 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,174
  • May 12, 2024 8:14pm May 12, 2024 8:14pm
Quoting emmanuel7788
BTC May13 - looks like another bearish week if you simply look at the HA candles below its 5EMA, Typical Price, Shift+2 {image} ...
BTC Week20

Maybe this will play out with SL and TP

- last Friday was a huge candle , what happened ?

- must have lots of orders to fill ...

Attached Image (click to enlarge)
Click to Enlarge Name: BTC May13 4Hr EP SL TP 13-5-2024 9-10-00 am.png Size: 20 KB

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,175
  • May 12, 2024 8:36pm May 12, 2024 8:36pm
AU May13 4Hr Tokyo 10am

- Inside Bar consolidation breakout

- if you can get an entry with small SL, go for it !

Attached Image (click to enlarge)
Click to Enlarge Name: AU May13 H4 possible sell with small SL 13-5-2024 9-33-40 am.png Size: 31 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,176
  • May 12, 2024 8:42pm May 12, 2024 8:42pm
Quoting emmanuel7788
AU May13 4Hr Tokyo 10am - Inside Bar consolidation breakout - if you can get an entry with small SL, go for it ! {image} ...

You have other pairs to consider too

- if you trade reversals and continuation setups this week

> you dont have to trade reversals all the time,

> there are many continuation setups after the True REVERSALs,

> they are HA candles #3, #4, #5, .... #12, etc....


Attached Image (click to enlarge)
Click to Enlarge Name: EUR GBP crosses 13-5-2024 9-39-35 am.png Size: 48 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,177
  • May 12, 2024 8:49pm May 12, 2024 8:49pm
Quoting eelfranz
Good Morning all you fabulous traders.... I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING. iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING. Sometimes I would set the TP to 20 pips. 3-6 pairs hitting 20 pips... a few losers maybe... made for a handsome profit. If I put all of my eggs in one basket... it was hit or miss.... I trade both ways with success......
the OP' post #7555 above

> do we find 3 to 6 setups everyday ?

> try his 8 pairs on the 4Hr this week and you will learn if that is true

Attached Image (click to enlarge)
Click to Enlarge Name: TMS 8 pairs May13 13-5-2024 9-45-53 am.png Size: 59 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,178
  • May 13, 2024 7:50pm May 13, 2024 7:50pm
Quoting emmanuel7788
{quote} BTC Week20 Maybe this will play out with SL and TP - last Friday was a huge candle , what happened ? - must have lots of orders to fill ... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: BTC May13 4Hr EP SL TP 13-5-2024 9-10-00 am.png Size: 20 KB



...

BTC Week20 May 14 UPDATE:

- its back to BRN 63000 before last Friday May10 'big dipper'

Attached Image (click to enlarge)
Click to Enlarge Name: BTC May14 review 14-5-2024 8-42-25 am.png Size: 24 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,179
  • May 13, 2024 8:18pm May 13, 2024 8:18pm
XAU May14 Week20 May 13 to 17

- Weekly big candle WCC High-Low

Attached Image (click to enlarge)
Click to Enlarge Name: XAU May14 WCC 14-5-2024 9-16-48 am.png Size: 27 KB


4Hr

Attached Image (click to enlarge)
Click to Enlarge Name: XAU May14 H4 WCC High-Low 14-5-2024 9-15-04 am.png Size: 28 KB


> any possible swing low will be within this WCC High-Low for buy setups





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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #146,180
  • May 14, 2024 12:40am May 14, 2024 12:40am
Quoting emmanuel7788
{quote} the OP' post #7555 above > do we find 3 to 6 setups everyday ? > try his 8 pairs on the 4Hr this week and you will learn if that is true {image}
Attached Image (click to enlarge)
Click to Enlarge Name: TMS 8 pairs May13 13-5-2024 9-45-53 am.png Size: 59 KB



...


How many setups did you missed yesterday?

Today is quite obvious when you make the transition to trade the 4Hr and the Daily....
we have reversals and we have many continuation setups after the reversals,

Attached Image (click to enlarge)
Click to Enlarge Name: TMS 8 pairs May14 pre-LO 14-5-2024 1-23-25 pm.png Size: 61 KB



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