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Trading Made Simple

  • #2,441
  • May 13, 2011 3:27am May 13, 2011 3:27am
Thanks Snap,

So I assume you look for set ups on both times, with 1 Hr taken if in agreement with 4 hr chart.

I see you are in the USA so I guess you like trading the London Open to be up at this time ?

thanks for the charts
Money grows on the tree of persistence
  • #2,442
  • May 13, 2011 3:34am May 13, 2011 3:34am
Quoting prof8t
Lots of potential 4-hour opportunities out there currently...
Do you mind posting your fractal indicator?
  • #2,443
  • May 13, 2011 3:43am May 13, 2011 3:43am
Quoting mackaozy
Do you mind posting your fractal indicator?
What are you referring to exactly?
  • #2,444
  • May 13, 2011 3:43am May 13, 2011 3:43am
Quoting ozmacca
Thanks Snap,

So I assume you look for set ups on both times, with 1 Hr taken if in agreement with 4 hr chart.

I see you are in the USA so I guess you like trading the London Open to be up at this time ?

thanks for the charts
yeah well ...this system is actually new to me.....I have been a fork trader the past 4 or 5 years....then i switched to price only charts (still trading forks) its been 4 weeks now trading this setup along side my old system and to be honest this system is as good as it gets.....of course there will be losses...DONT LET THOSE LOSSES KILL YOU! CUT EM!.......

here is a money management exercise for you if your new.

Step 1.) open a live account with a broker that allows 1-10 cent a pip trades

Step 2.) start trading for pennys here is the goal.......

Step 3.) trade untill you are up 1000 pips i dont care if its 1penny 10 pennys or 100 bucks a pip.

Step 4.) keep it going every 1000 pips move up.....if you loose 250 back it down.....its not hard!

every 1000 pips step it up.......every 250 pips step it back down

i dunno how to explain this the right way but in my 3rd year of trading i finally "saw the light"

if you are new and still demoing i urge you to stop demo and start trading real money even if its just pennys.

you can compound penny trades into full standard in less than a year if you are diligent about trading
  • #2,445
  • May 13, 2011 3:49am May 13, 2011 3:49am
Quoting prof8t
What are you referring to exactly?
Hi

On the chart you posted. Isn't that a fractal indicator across time frames to indicate a change in trend?
  • #2,446
  • May 13, 2011 3:49am May 13, 2011 3:49am
Hello Eelfranz and Seniors here,

I am pretty sure that on previous 4Hr, the TDI was flat. because huge moves on USD/CHF just now, near the candle close, The TDI seems to be bounce trade on 4 hr ago.

My question : since the candle is still number #1, and the candle size is big, can I enter Sell when we have new candle open @9 GMT on the next 10 minutes?

Thanks
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  • #2,447
  • May 13, 2011 3:49am May 13, 2011 3:49am
Still confused? as BigE always said, look at the history chat. See the beginning of each great moves. Look at the candles that create majority of the moves, compare it to TDI , then always be patient to see those pattern a head. KISS
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #2,448
  • May 13, 2011 3:53am May 13, 2011 3:53am
Just closed tjis EURUSD trade ...not for technical reasons but because I have to leave my pc at the moment...

+65 easy pips...another win...
it was half size because I entered on the 3rd candle...

...just trade in the right session...wait for the signal...protect the capital with a stoploss...adjust your stop while the price is moving in your direction...don't be greedy...and make money...
This system really has a very very high % of win if you trade smart...
Attached Image (click to enlarge)
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Market is like a puzzle, YOU have to fit the pieces!!
  • #2,449
  • May 13, 2011 3:53am May 13, 2011 3:53am
Quoting mackaozy
Hi

On the chart you posted. Isn't that a fractal indicator across time frames to indicate a change in trend?
He's talking about the multi TF.Multiple Pairs indi on the right..

GG
Now trading live
  • #2,450
  • May 13, 2011 3:57am May 13, 2011 3:57am
Quoting mbah_sangkil
Hello Eelfranz and Seniors here,

I am pretty sure that on previous 4Hr, the TDI was flat. because huge moves on USD/CHF just now, near the candle close, The TDI seems to be bounce trade on 4 hr ago.

My question : since the candle is still number #1, and the candle size is big, can I enter Sell when we have new candle open @9 GMT on the next 10 minutes?

Thanks
looks nice. bounce trade, trade on demo
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #2,451
  • May 13, 2011 3:59am May 13, 2011 3:59am
Quoting SnapCracklePip
i dont see a problem....im loving this system i dont scalp so.......whatever! i do have short trades tho...i dont think this was intended as a scalping system....
I think you've completely misinterpreted the tone of my post here matey. If you look back over the last few pages there has been discussion about appropriate SL and TP's, quite a few traders grabbing 10-20 pips then getting spooked by TDI and jumping out. I may be wrong but I would say most experienced traders looking at the 1H and 4H would be looking for moves well over 10-20 pips. 10 pips to me is a scalp.
I was simply asking the more experienced traders, or the traders that are getting the bigger moves, how they are going about their trades on the 1H/4H.


Quoting dazzdude
My suggestion on take profit is to follow the rules as explained. When TDI goes flat and/or turns, exit. You can also exit on support / resistance levels or HA candle colour change. Does it need to be more complex then what BigE taught on page 1? Keep it simple.
The thing with exiting as soon as the TDI goes flat is that you get faked a lot and miss out on what could have been quite a profitable trade. Look at the EU tonight. I got in about an hour before London open when TDI was at a good angle, it went up about 10-15 pips then turned around and the TDI went flat. I stuck by my stop and just held the trade. An hour or so later and it went up to hit my PT 70 pips up. Great result.
But I could have gotten out when price retraced and the TDI went flat.
I'm sure there are times when getting out when it goes flat is a great idea, I just wanted to hear from the guys who stay in for long moves using this system, how they deal with the TDI bouncing around as it makes it's way to their TP.

But perhaps this is not the thread for discussion of options, I appreciate this system greatly so I'll get back in line and not stir the water
  • #2,452
  • May 13, 2011 4:00am May 13, 2011 4:00am
Quoting mackaozy
Hi

On the chart you posted. Isn't that a fractal indicator across time frames to indicate a change in trend?
No. It's a custom indicator programmed based upon the HA being first or second candle and stochastics in agreeance so that I can quickly check multiple timeframes for potential setups.
  • #2,453
  • May 13, 2011 4:07am May 13, 2011 4:07am
Quoting adeforex
First of all, to be able to trade this system with confidence, understand how HA works.To me with this system, It is quiet different but better than JAPANESE C. STICKS. Any body that does not understand how HA works may be trading every signal the TDI gives. And you will have...
Great! Thanks mate
  • #2,454
  • May 13, 2011 4:09am May 13, 2011 4:09am
Quoting Chris_B
Just closed tjis EURUSD trade ...not for technical reasons but because I have to leave my pc at the moment...

+65 easy pips...another win...
it was half size because I entered on the 3rd candle...

...just trade in the right session...wait for the signal...protect the capital with a stoploss...adjust your stop while the price is moving in your direction...don't be greedy...and make money...
This system really has a very very high % of win if you trade smart...
closed mine at 188 pips ealier today . entered on weelky candle
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #2,455
  • May 13, 2011 4:14am May 13, 2011 4:14am
Quoting nhen
I think you've completely misinterpreted the tone of my post here matey. If you look back over the last few pages there has been discussion about appropriate SL and TP's, quite a few traders grabbing 10-20 pips then getting spooked by TDI and jumping out. I may be wrong but I would say most experienced traders looking at the 1H and 4H would be looking for moves well over 10-20 pips. 10 pips to me is a scalp.
I was simply asking the more experienced traders, or the traders that are getting the bigger moves, how they are going about their trades...
ive been at this 7 years now.....10-20 pips a day puts gas in my car food in my fridge and pays the taxes....you have a good point...if i were trading mini 10-20 pips would be beer money.

Hoiwever in my humble experience a 20+ - 100+ pip trade comes once a week if im lucky but 10-20 pips is a daily thing..... as is 20-30 pip losses. so far this setup when its right easily pays my bills.

i started out my first few years scalping the rainbow and other various systems looking for 6 pip wins with 2-3 pip stops off tick charts and 1-5 min charts. It was so stressfillied i cant describe. that was scalping.....this however is NOT.

Please forgive me for my tone towards your post i ment no harm. I understand your point. It is very valid...kudos to you for pointing out my lack of insight
  • #2,456
  • May 13, 2011 4:15am May 13, 2011 4:15am
Quoting prof8t
No. It's a custom indicator programmed based upon the HA being first or second candle and stochastics in agreeance so that I can quickly check multiple timeframes for potential setups.
Is it 'your' custom indicator? or freely available? I would very much like to use it...
Now trading live
  • #2,457
  • May 13, 2011 4:26am May 13, 2011 4:26am
Quoting SnapCracklePip
ive been at this 7 years now.....10-20 pips a day puts gas in my car food in my fridge and pays the taxes....you have a good point...if i were trading mini 10-20 pips would be beer money.

Hoiwever in my humble experience a 20+ - 100+ pip trade comes once a week if im lucky but 10-20 pips is a daily thing..... as is 20-30 pip losses. so far this setup when its right easily pays my bills.

i started out my first few years scalping the rainbow and other various systems looking for 6 pip wins with 2-3 pip stops off tick charts and 1-5 min charts....
Don't get me wrong I'm more than happy with 10-20 pips a day!
Was trying to understand with this system how to spot the ones that are going to go beyond that and not get freaked by a little retracement before they take off.

Mate no problem at all, I should have put a few smilies in there so my tone was better able to understood
  • #2,458
  • May 13, 2011 4:36am May 13, 2011 4:36am
and with that ill go to bed ....aussie trade whipsawed and stopped out - 4 pips (thanks to swiss army for tightening stop).....gu trade still alive +5 pips and stop at BE + 1 so unless my broker slips me bad, its been a great night......happy fri 13th everyone!
  • #2,459
  • May 13, 2011 4:38am May 13, 2011 4:38am
Quoting Gg33
Is it 'your' custom indicator? or freely available? I would very much like to use it...

It is my custom indicator.
  • #2,460
  • Edited 4:59am May 13, 2011 4:42am | Edited 4:59am
Quoting adeforex
looks nice. bounce trade, trade on demo
well...thanks for the comment

Quoting adeforex
First of all, to be able to trade this system with confidence, understand how HA works.To me with this system, It is quiet different but better than JAPANESE C. STICKS. Any body that does not understand how HA works may be trading every signal the TDI gives. And you will have Google to study HA.
My best part of using it with TDI is
1.when you have a signal candle (changing of color with TDI CROSSING SAME TIME) with momentum longer than the previous candle by far (long candle body probably with lower/upper wick) may be in the direction of higher time frame trend, expect great moves of multiple candles ahead. Simple. HA with momentum will most of the time break any fibo lines so far it is not close to cluster of support and resistant zones.
2. When you are counter trending, trade lower lot,
3. For the newbie that are still confuse over TDI crossing, use its histogram version, 1.10. It has been posted earlier. It is just the same as TDI lines. only color change on histogram, and you are good to go.
I use swing for stop loss and when in profit , i do adjust as time progresses exit at my own decision because of many factors- news, major resistance/support zones, weakening trend and so on
That is how i trade any way, I am still learning any way
GOOD SET UPS REQUIRES PATIENT
BTW, if we enter on the first candle, this is the new candle and we don't know yet how big the body is. How to know that this is a good candle to enter the trade, while the candle is still on progress?
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