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Trading Made Simple

  • #761
  • May 1, 2011 1:01am May 1, 2011 1:01am
Quoting Chillypiper
I am ready to get to work ! Finally got this puppy loaded. I think the first set , putting the file directly into the 'C Drive' is the key! Or it could be my new acc. at FXDD....Wow, that was frustrating....How does it look? BEAUTIFULLLLLLL!!!???

Thank you again Numb3er for you time in helping get this thing happing!

EU. 4hr..Any comments on this posable setup for a short at the next candel (not a small one) for entry or is the angel of the 5ema and TDI Green, not downwared enought?

Cheers!
Chilly
Chilly
Sweet! I'm glad you got it to work. I just got back home from being in your neck of the woods.

Nice pic E. My wife happen to be next to me when I scrolled over and saw it. She said what's that? I told her it looks just like hers. LOL She didn't agree. Gota love her.

Anyway goodnight all.
Could it be Man is trying to be something without knowing they're complete?
  • #762
  • May 1, 2011 1:04am May 1, 2011 1:04am
Quoting eelfranz
[font=Comic Sans MS][size=3][color=blue]When trading don't bite off more than you can chew. Trading Demo is different than trading live... For some reason it gets harder to pull the trigger when it's real money... that's why its so important to build confidence and study old charts... any pair, any time frame on Demo... and then when you finally go live... Trade a Micro account first... as more confidence builds switch to a Mini account... because if you made a poor entry or decision... it really hurts losing the green stuff... So...
Demo trade has no elements of "Fear Factor" but with real money it's a complete different story altogether. Your suggestion is a good reminder to new starters venturing into FX.
  • #763
  • May 1, 2011 2:23am May 1, 2011 2:23am
Quoting Chillypiper
I am ready to get to work ! Finally got this puppy loaded. I think the first set , putting the file directly into the 'C Drive' is the key! Or it could be my new acc. at FXDD....Wow, that was frustrating....How does it look? BEAUTIFULLLLLLL!!!???

Thank you again Numb3er for you time in helping get this thing happing!

EU. 4hr..Any comments on this posable setup for a short at the next candel (not a small one) for entry or is the angel of the 5ema and TDI Green, not downwared enought?

Cheers!
Chilly
Chilly, I would personally not take this trade. Yes we do have a valid tdi cross and stochastic agreement, but the red trend tdi line is flat the 5 ema is flat, the candles are small (weak). Look at the last reversal (the red candles a few candles back), look how similar that looks to what we have now, the same weak candles, tdi looks the same, the ema and red trend line on the tdi the same, the last reversal was weak and short lived, probability is that this similar looking "reversal" will be short lived too. In fact if you look at the last 3 or 4 reversals they all look the same, weak candles, short lived, the long trades in between them are all strong moves, looks like we are also in a strong up trend (so you would be trading against the trend)
  • #764
  • May 1, 2011 2:44am May 1, 2011 2:44am
Quoting ozziedave
Hi E...

Let me try my question in a different way.

WE have an uptrend. The first candle (blue line) has the TDI green over red but it's a small candle so we may get a reversal. The second candle is the red line and the TDI has red under green (I checked the data window to make sure). Now since the second candle is small and has a blue body even though it has green under the red line on TDI you wouldn't use this as your set up candle and enter on the open of the next candle would you? The next candle (yellow line) has a red body and has green...
I'd say weak candles, tdi/stock angle doesn't look right, everything looks a little flat. Flashing warning yellow lights.
  • #765
  • May 1, 2011 4:09am May 1, 2011 4:09am
Please ,

Should i care about the fundmental news or i can depend on this Strategy ?

Thank You
  • #766
  • May 1, 2011 5:59am May 1, 2011 5:59am
Fugly...

Me personally... I would have exited as soon as that candle turned red...

on the training charts you've generously posted in the thread you've marked entries with vertical lines, does it mean an entry on;-

1) the opening of the candle (with the vertical line)
  • #767
  • May 1, 2011 6:09am May 1, 2011 6:09am
Fugly...

Your comment...

Yes absolutely, the signal is generated one candle back, but we would enter on the opening of the next candle thats why i drew the vertical line on the opening of the red candle as that would be our entry price (at the time of entering we wouldnt know its a red candle as its just beginning its 4 hr period)

I enter on the candle I get the TDI signal on... not the next one. When the next candle started pulling back I would have exited... with a profit I might add...

Let's lay this chart to bed....
  • #768
  • May 1, 2011 6:48am May 1, 2011 6:48am
those who seeks EA's for this method check this out....let me know the results.
Attached File(s)
File Type: mq4 Trading Made Simple auto trading robot by Steve Hopwood.mq4   47 KB | 2,922 downloads
Trade responsiblypatience is the key/Swing trader
  • #769
  • May 1, 2011 6:51am May 1, 2011 6:51am
Dean...

Your questions: I've answered all these questions several times. Next time YOU run them all down and put them in one post like below... thanks...

When assessing an entry, do you simply take that entry based on the TDI and nothing more?? as in I guess these would be technical entries....do you not take fundamentals/news/announcements into account?? I look at everything... last hi/lo, last reversal strength, candle size, Is Stitch's confirming, Is it candle 1 or 2... everything... TDI gives me the signal.. it's my job to check out the rest...

Checking for and entering trades is done only at the opening of each candle correct?? Yes... or can I enter a trade say 1 or 2 hours after a candle has opened if the TDI red and green begin to separate?? On a 4hr candle... if there is a pullback it generally starts between hour 3... and 4...so you have lost most of the momentum on that candle when entering late...beware...I am still not quite sure of the process??

Do I ignore everything until my 4 hour candle opens and then assess according to my TDI?? or can I enter at anytime if my TDI red and greens are crossed?? See above...

I guess what I am asking is....if I happen to glance through the charts and see the red and green have crossed, do I jump in??? Check your charts when the new 4hr candles just appear... check the normal basic fx stuff like above... and if it's a good TDI signal... enter. I am trying to understand the relevance of assessing at the opening of a new candle.



So when you say only enter on the 1st or 2nd candle, do you mean the 1st or 2nd after the new 4 hour candle?? or do you mean 1st or 2nd candle after the tdi has crossed?? If you get a good TDI signal then look at the candles... is it candle 1 or 2... OK... take the trade or if it's candle 3 pass on it and find another set up...
  • #770
  • May 1, 2011 7:06am May 1, 2011 7:06am
Are you planning to wait to trade until Tues. London open because of the holiday? Thanks-Susan~
  • #771
  • May 1, 2011 7:14am May 1, 2011 7:14am
Hi, Thanks to everyone here. I have learned a lot over the last few days about trading/strategy/discipline.
  • #772
  • May 1, 2011 7:19am May 1, 2011 7:19am
OzzieDave... (758)

Looking at the chart... I don't trade small candles. The first possible candle I see to enter on is verticle line #3... however the Green TDI line is pointed at a 3:30 to a very weak 4 o'clock angle which would keep me out personally. Verticle line #4 is a solid TDI entry... just my personal analysis....
  • #773
  • May 1, 2011 7:23am May 1, 2011 7:23am
Thanks E...


Not sure I would trade that set up either but wanted to get your take on it since technically it is a vaild set up.
  • #774
  • Edited 7:41am May 1, 2011 7:28am | Edited 7:41am
Quoting eelfranz
Fugly...

I enter on the candle I get the TDI signal on... not the next one. When the next candle started pulling back I would have exited... with a profit I might add...

Let's lay this chart to bed....

Eelfranz, I'm so sorry I have to ask you this question, because I will not sleep well if I'm still thinking your statement.

Your statement in Bold, if I may define it, so we enter position while the TDI is still on progress?

What if, let's say when you open the chart at 10:01 pm (your time) the TDI Looks Up and the candle is blue, and then after you close the computer, during the next 4 hours, when you open your computer again at 13:55 pm, price suddenly make a big down movement and the TDI you saw on 10pm which was look up between 12 and 1 (on clock), now is looking down between 5 and 6, and the candle, which was blue, now turn to red?

Quoting eelfranz
Dean...
On a 4hr candle... if there is a pullback it generally starts between hour 3... and 4...so you have lost most of the momentum on that candle when entering late...beware...I am still not quite sure of the process??



I guess what I am asking is....if I happen to glance through the charts and see the red and green have crossed, do I jump in??? Check your charts when the new 4hr candles just appear... check the normal basic fx stuff like above... and if it's a good TDI signal... enter. I am trying to understand the relevance of assessing at the opening of a new candle.
Does the above statement answering my question, E? BTW, so I need to put my TP carefully because it is possible that when I put enter position, I could be on the correct direction I trade during the first two hour, before there's a pullback on hour 3 or 4? Of which, could possibly change the way TDI looks like on the previous 4 hour?

once again, I'm sorry to ask you this, because trade based on "on process candle" is definitely new to me. I want to be careful to "catch correctly" your instructions, especially the momentum you're talking about.


Thanks,
Bom2
  • #775
  • May 1, 2011 7:34am May 1, 2011 7:34am
Quoting 2scoops
I'd say weak candles, tdi/stock angle doesn't look right, everything looks a little flat. Flashing warning yellow lights.

Thanks for the feedback 2 Scoops
  • #776
  • May 1, 2011 7:37am May 1, 2011 7:37am
Oyapoke (759)...

On post 353 there are 4 red candles... and I marked an entry... I was wrong. The signal came after the first 2 candles where we want to enter a trade. My fault...

If the TDI signal isn't on the first 2 candles... pass on the trade and find another... thanks...
  • #777
  • May 1, 2011 8:02am May 1, 2011 8:02am
Numb3rs... (762)

Drats Batman... Mama saw the Wall Hanger... hummm show her this one and maybe she'll let you sleep in the barn tonight... Puppies sleeping.... waiting for a bus...
Attached Image (click to enlarge)
Click to Enlarge Name: Dogs Napping.jpg Size: 50 KB
  • #778
  • May 1, 2011 8:12am May 1, 2011 8:12am
2scoops...

Great analysis on Posts 764-765, thanks...
  • #779
  • May 1, 2011 8:28am May 1, 2011 8:28am
Oitbbitw...

Gosh... I wish all these names were simple like... Ted, Jed, Fred, hot dog... well, you get the point...

I depend on the TDI for signals... then as I posted I look for the BASIC things a fx trader should look for before entering a trade.

News... hummm... It can have a big effect on the 5/15/30 minute charts and 1 hour too at certain times. While trading the 4hr charts I don't pay much attention to it UNLESS IT'S a MAJOR news release... If it's major (red on FF Calendar) I'll wait until after the news release and the market calms down...
  • #780
  • May 1, 2011 8:40am May 1, 2011 8:40am
Incredible,
Please, can you tell us more about the EA, including the recommended setting and its implications?
Thanks
Oyapoke
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