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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #147,881
  • Sep 3, 2024 8:49pm Sep 3, 2024 8:49pm
Quoting Bimballler
{quote} Is it sufficient to say these pairs (images attached) are bullish using the TDI Indicator? How can someone identify the right entry point? Thanks for walking us the newbies through this learning curve {image} {image}

@Bimballler

When you want to trade the 4Hr and make money, you need to zoom out and look at the big picture of the market.
You look back to at least the last 5 weeks price action and see what the Daily and Weekly market type conditions were. This would help you decide the potential of any 4Hr trade setup if it would run +9R to +12R profits.

The TDI which is basically Moving Averages of the RSI data therefore is considered as a lagging indicators which is based on past price data. TDI is only tool the OP used as his helping indicator in addition to the Stoch (8,3,3). If you follow his post #261 , the basic trade setup conditions includes the Stoch(8,3,3).

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Sep04 H4 zoom back 5 weeks 4-9-2024 9-35-31 am.png Size: 36 KB




When you use the RSI with MAs, also know as the Fozzy-RSI system then you need to study the book by John Hayden

Can the RSI help us determine the market trend?

Well, John Hayden' RSI study has some good information to feed those hungry for knowledge.


RSI: The Complete Guide by John Hayden click to [download]

Trend Determination using the RSI (TDI) click to [download]


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,882
  • Sep 4, 2024 12:04am Sep 4, 2024 12:04am
Quoting wkmok
Buying EURJPY on the H1 {image}
I think you see the 2 HA candles crossed the EMA5, with TDI green cross red. and your SL, below the 2 prev HA candle?
I would wait for this EJ to retested 160.9 first, for 2 reasons:
1/ there is liquidity just above 160.8 a fake move up very possible, result possible in SL hit, or painful DD.
2/ like fibos tool, many traders using the EMA50 as support their trading decision, and we run head on against the downwards EMA50, the outlook is better when there is a passed retest at 160.9, then I am in with LONG EJ
  • #147,883
  • Sep 4, 2024 12:32am Sep 4, 2024 12:32am
Quoting emmanuel7788
{quote} @ntk You did not set up your chart according the the OP' posts. 1) Use the Synergy APB candles 2) The 5EMA is Exponential MA period (5), Typical Price, Shift+2. You will find the MT4 indicators in post #25. ...
Thank you Big E for the strategy and thank you Emmanual7788 for very helpful advises.

Heree is my first call GU LONG at, not very sure to enter by the 2 HA candles crossed EMA5, because today is Wed with red news market could be dumped before it rise later in the day. If it got SL hit, i will definitely rejoin before the NY session opening again, same direction.
Attached Image (click to enlarge)
Click to Enlarge Name: GU SEP4 BUY.png Size: 52 KB
  • #147,884
  • Sep 4, 2024 12:48am Sep 4, 2024 12:48am
My next call is for AU. TDi red x green, almost 2 green HA cross EMA. the candle body is a little indecision so pls dont enter now. Definitely 1 candidat to look out in the next 4 to 8hrs, then enter only when you see to clean green HA cross the EMA5 in h1 and possible better in H4.
AU potential LONG
Attached Image (click to enlarge)
Click to Enlarge Name: AU SEP 4 potential LONG in 8hrs.png Size: 45 KB
  • #147,885
  • Sep 4, 2024 2:16am Sep 4, 2024 2:16am
Quoting lrn2trade23
{quote} I think you see the 2 HA candles crossed the EMA5, with TDI green cross red. and your SL, below the 2 prev HA candle? I would wait for this EJ to retested 160.9 first, for 2 reasons: 1/ there is liquidity just above 160.8 a fake move up very possible, result possible in SL hit, or painful DD. 2/ like fibos tool, many traders using the EMA50 as support their trading decision, and we run head on against the downwards EMA50, the outlook is better when there is a passed retest at 160.9, then I am in with LONG EJ
You're answering a post that is 2 days old and won.
  • #147,886
  • Sep 4, 2024 2:30am Sep 4, 2024 2:30am
Quoting lynnc
{quote}You're answering a post that is 2 days old and won.
oupps.
my mistake.
  • #147,887
  • Sep 4, 2024 6:19am Sep 4, 2024 6:19am
Quoting emmanuel7788
{quote} @Bimballler When you want to trade the 4Hr and make money, you need to zoom out and look at the big picture of the market. You look back to at least the last 5 weeks price action and see what the Daily and Weekly market type conditions were. This would help you decide the potential of any 4Hr trade setup if it would run +9R to +12R profits. The TDI which is basically Moving Averages of the RSI data therefore is considered as a lagging indicators which is based on past price data. TDI is only tool the OP used as his helping indicator in addition...
Sincere appreciation for this top-notch analysis. I'm super grateful
  • #147,888
  • Sep 4, 2024 6:36am Sep 4, 2024 6:36am
Quoting lrn2trade23
{quote} I think you see the 2 HA candles crossed the EMA5, with TDI green cross red. and your SL, below the 2 prev HA candle? I would wait for this EJ to retested 160.9 first, for 2 reasons: 1/ there is liquidity just above 160.8 a fake move up very possible, result possible in SL hit, or painful DD. 2/ like fibos tool, many traders using the EMA50 as support their trading decision, and we run head on against the downwards EMA50, the outlook is better when there is a passed retest at 160.9, then I am in with LONG EJ

EJ Sep04

Weekly is sideways therefore anything can happen

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Sep04 Weekly 4-9-2024 7-33-10 pm.png Size: 23 KB

Daily is sell today but with the Weekly Low as possible support

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Sep04 Daily hit WCC support 4-9-2024 7-33-46 pm.png Size: 23 KB



1Hr intraday

- there is enough room down to ADR Low to make a +2R trade

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Sep04 1Hr 4-9-2024 7-38-24 pm.png Size: 30 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,889
  • Sep 4, 2024 7:47am Sep 4, 2024 7:47am
hi emmanuel7788 can you please share the indicators you are using aside from the dear eelfranz ones.
Thanks
Mastering chaos, one trade at a time.
  • #147,890
  • Sep 4, 2024 8:36am Sep 4, 2024 8:36am
Quoting emmanuel7788
{quote} EJ Sep04 Weekly is sideways therefore anything can happen {image} Daily is sell today but with the Weekly Low as possible support {image} 1Hr intraday - there is enough room down to ADR Low to make a +2R trade {image} ...
Could you pls kindly attach the H1 APB candle so I can check my chart again, to make sure what we see on screen are the same.

Over the few day dip into HA/HAS/APB I found out there are so many APB or HA each display different level. Also I found 1 interesting situation on MT5 where Bid and Ask are uppdated and seem to display real time at one place and standard candlestick appears at diffferent location and that happened for hour not just a blip of second, how could someone trade with that chart TA or FA it would be a miracle.

I must find a video screen recorder to capture it to be believed I think.
  • #147,891
  • Sep 4, 2024 10:09am Sep 4, 2024 10:09am
Quoting emmanuel7788
{quote} EJ Sep04 Weekly is sideways therefore anything can happen {image} Daily is sell today but with the Weekly Low as possible support {image} 1Hr intraday - there is enough room down to ADR Low to make a +2R trade {image} ...
I use also the APB_HA (variable)Button Feb2023. very useful when I often switch to standard chart to enter trade. Butdo you have the source code or do you know the owner of that APB code. I need to ask someone to look into it to modify a simpler version which can run on my PC. It is built 2019 but cant be that old to run an indicator. When just load then remove it is OK, but when I left chart open long hour it freeze my PC, with only 8 chart configuration. The only way out is to force terminal shut down, close all charts then I can open terminal again.
  • #147,892
  • Sep 4, 2024 10:28am Sep 4, 2024 10:28am
Quoting lrn2trade23
{quote} Thank you Big E for the strategy and thank you Emmanual7788 for very helpful advises. Heree is my first call GU LONG at, not very sure to enter by the 2 HA candles crossed EMA5, because today is Wed with red news market could be dumped before it rise later in the day. If it got SL hit, i will definitely rejoin before the NY session opening again, same direction. {image}
GU LONG, got kicked out by SL hit.
Seem to have issue with liquidity sweep again here, before trade gets in your anticipate direction. Lesson learnt
1/ if have plant to rejoin, then have to be at trading desk at the NY open,
2/ place SL where ther is not liquidity or you become liquidity
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
  • #147,893
  • Sep 4, 2024 10:53am Sep 4, 2024 10:53am
Quoting lrn2trade23
{quote} GU LONG, got kicked out by SL hit. Seem to have issue with liquidity sweep again here, before trade gets in your anticipate direction. Lesson learnt 1/ if have plant to rejoin, then have to be at trading desk at the NY open, 2/ place SL where ther is not liquidity or you become liquidity {image}
Why did your stop loss get moved up from where it must have been originally?
  • #147,894
  • Sep 4, 2024 11:31am Sep 4, 2024 11:31am
Quoting lynnc
{quote}Why did your stop loss get moved up from where it must have been originally?
the same question i had too at the time i open to see result , but the SH was ways deeper than that, so I thought that few pips is not worth complain to rescue ny trade...and even that was with FTMO's data if something like that happens, when you ask for reason they would labbern you full with non-sense until you so fed up to drop or you accept to stop getting annoy over thing market always is "right" ... But yes, indeed my thought was too, why broker had closed the trade earlier than my SL.
  • #147,895
  • Sep 4, 2024 12:09pm Sep 4, 2024 12:09pm
Quoting lrn2trade23
{quote} the same question i had too at the time i open to see result , but the SH was ways deeper than that, so I thought that few pips is not worth complain to rescue ny trade...and even that was with FTMO's data if something like that happens, when you ask for reason they would labbern you full with non-sense until you so fed up to drop or you accept to stop getting annoy over thing market always is "right" ... But yes, indeed my thought was too, why broker had closed the trade earlier than my SL.
I trade with them too and not had that happen. Have a look in your journal tab to see why the trade was closed.
  • #147,896
  • Sep 4, 2024 7:43pm Sep 4, 2024 7:43pm
Quoting lrn2trade23
{quote} the same question i had too at the time i open to see result , but the SH was ways deeper than that, so I thought that few pips is not worth complain to rescue ny trade...and even that was with FTMO's data if something like that happens, when you ask for reason they would labbern you full with non-sense until you so fed up to drop or you accept to stop getting annoy over thing market always is "right" ... But yes, indeed my thought was too, why broker had closed the trade earlier than my SL.
that happens often ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,897
  • Sep 4, 2024 7:46pm Sep 4, 2024 7:46pm
Quoting lynnc
{quote}I trade with them too and not had that happen. Have a look in your journal tab to see why the trade was closed.
when your trades are in the wrong direction of the market that will not happen.... the broker will take your stop loss.

when you have traded long enough with certain brokers you will learn from experience.




Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,898
  • Sep 4, 2024 7:50pm Sep 4, 2024 7:50pm
Quoting emmanuel7788
{quote} EJ Sep04 Weekly is sideways therefore anything can happen {image} Daily is sell today but with the Weekly Low as possible support {image} 1Hr intraday - there is enough room down to ADR Low to make a +2R trade {image}

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Sep04 1Hr 4-9-2024 7-38-24 pm.png Size: 30 KB



...

EJ Sep04 1Hr

- hit ADR Low +2R trade

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Sep04 hit ADR Low 5-9-2024 4-48-14 am.png Size: 31 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,899
  • Sep 4, 2024 7:55pm Sep 4, 2024 7:55pm
Quoting emmanuel7788
{quote} GU Sep04 1Hr/4Hr Tokyo 10am - sell with SL above 1.3160 to survive the US session today 1Hr/4Hr {image} TMS 5-Method basic {image} ...

GU Sep05 did not survive the US session

- sell invalidated early

- USD weakness continues

Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep04 SL 131600 5-9-2024 8-51-43 am.png Size: 27 KB


TMS 5-Method Basic

> 4Hr consolidation ... is an opportunity for today
> you need a Plan A and a Plan B,
> your Plan C will be "Let Profits Run"


Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep05 TMS basic 5-9-2024 8-52-35 am.png Size: 35 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #147,900
  • Sep 4, 2024 9:06pm Sep 4, 2024 9:06pm
Quoting emmanuel7788
{quote} when your trades are in the wrong direction of the market that will not happen.... the broker will take your stop loss. when you have traded long enough with certain brokers you will learn from experience.
I can't see his stop loss marker in that image, that was my point, if he moved it to where his red line is so it is covered by that, then no I have never had a trade close earlier than the stop loss on any broker, unless I closed it early myself. Slippage yes, but there was no slippage there.
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