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Trading Made Simple

  • #6,681
  • Jun 30, 2011 11:26am Jun 30, 2011 11:26am
Quoting deankenny21
this is something that i hate too, i can see all what your seeing, you get told left right and centre trade with trend etcetc seminars, books, sam seiden, all of them, and yes thats the idea, but whichever one u look at you have varying trends in different TF's. I see gu down then eg u see it up on a daily, so what do we do long or short, you would get different answers all round. Hope someone can put some clarity on how this would be looked at?
firstt you decide which time frame you are going to trade... it could be the 1hour or the 4hour... lets assume you trade the 1hour... that would be your working candle you will decide to trade base on the "signals" you received... in this case the TDI indicator... you look one time frame up... in this case the 4hour candle to give you the trend... to trade the 1hour candle. You will be better "armed" if you have all the basic 4x to confirm you trade. Hope that helps.

Regards

mikelee
  • #6,682
  • Jun 30, 2011 11:39am Jun 30, 2011 11:39am
Quoting eelfranz
The question was concerning why not enter on candle # 3. In this example the TDI indicates taking the trade on candle # 1. Had you entered on candle # 3 you would have been two candles late for the CORRECT ENTRY. Because a reversal normally runs 3-8 candles we were fortunate it has run so many candles...

[font=Comic Sans MS][size=3][color=#0000ff]The idea about entering on candle 1 or 2 if you get the TDI signal is if it only goes 3 candles you should get on average at least some profit......
Ok, here is the explanation for the entry candle -- why not 3rd candle -- for those newbies who haven't read the full thread ;D

I can find the other information on a more conservative strategy as well, if needed
  • #6,683
  • Jun 30, 2011 12:02pm Jun 30, 2011 12:02pm
Hi anyone took this trade in EURNZD long? wait for comments..
Attached Image (click to enlarge)
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  • #6,684
  • Jun 30, 2011 12:07pm Jun 30, 2011 12:07pm
Quoting sachigi
Hi anyone took this trade in EURNZD long? wait for comments..
Yeah man I'm in on this one. Seems like the euro made a bit of a comeback after the fake out earlier. Probably the coming up interest rate decision will send Eur pairs sky rocketing!!!!

Wooooooooo
  • #6,685
  • Jun 30, 2011 12:10pm Jun 30, 2011 12:10pm
Quoting traderkat01
Hi Folks, can someone guide me to the link of rules? Also, bez3000, what hours do you trade? I'm California, so I'm Pacific time. Put my first trades in last night and came out ahead but left them go into NY session and gave it all back. I need a bit of fine tuning. Love the thread.
Hey Bud the 1st 20 pages should give you all the rule for this stradegy that you need, just read those a few times, you should get the just. Also if you don't have a good understanding of Price action, it would benifit you to study it. You can find this on babypips.com amd/or google it, a ton of info. The TDI is a great indicator but the Indicator does not move the price, the price moves the indicator. It took me $1000.00's of dollars and a couple of years to get this into my big fat idiotic head.

Forex is no different then any other endeavor in life. In life 5% of the population are successfull in all area's of thier lifes, Physically, Emotionally, Financally, & Spiritually. What this should tell you is watch what 95% of the trader's do and DON'T DO IT. Good Luck I Pacific coast too, and its a pain in the ass, but it is what it is.
  • #6,686
  • Jun 30, 2011 12:15pm Jun 30, 2011 12:15pm
nzd jpy Just made an entry @ the second candle,
could someone agrees with this entry. Hope its a right entry.

ps: 1hr TF,
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  • #6,687
  • Jun 30, 2011 12:22pm Jun 30, 2011 12:22pm
Quoting bez3000
Woke this morning to the following charts:

euraud = +37
gbpaud = +90
nzdjpy = +70
nzdusd = +60
usdcad = +70
TOTAL = + 327

I love this way of trading, thanks BigE
Hi bez3000 this is, among others, what I was refering to..........you say you woke up with these results, so that means before you went to bed you set these trades........and then you check them after 4hr's or you let them run till you wake up??.......with any tp??
  • #6,688
  • Jun 30, 2011 12:25pm Jun 30, 2011 12:25pm
Quoting LionT
Please, can you explain, how do you determines the daily trend?
Thanks!
zoom out look left and see if it goes up or down.
  • #6,689
  • Jun 30, 2011 12:27pm Jun 30, 2011 12:27pm
Quoting Canialegui
Hi bez3000 this is, among others, what I was refering to..........you say you woke up with these results, so that means before you went to bed you set these trades........and then you check them after 4hr's or you let them run till you wake up??.......with any tp??
I let them run until i wake up mate, i need a good night sleep
  • #6,690
  • Jun 30, 2011 12:34pm Jun 30, 2011 12:34pm
Quoting bez3000
I let them run until i wake up mate, i need a good night sleep
so when do you enter? at 11pm??............just trying to work out your charts recording to the rules of TMS.......and you reporting your results......
  • #6,691
  • Jun 30, 2011 12:46pm Jun 30, 2011 12:46pm
A bit of extra detail on BigE's great trade from earlier on.



The first chart is how the higher TF (4HR) looked at roughly the same time. Ok we have a red candle and we're in a downtrend, but look how PA has hit that big number support area and started to reverse, the green line on the TDI has started to hook up too. Look how similar this red candle looks to the last time it reversed. The higher TF trend is looking ripe for a reversal long.

The second chart is how the 1HR would have looked when BigE traded it. Strong candle, green crossing red at a great angle, stoch in agreement. No close resistance area. A bounce of a big number too. A great looking chart.
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  • #6,692
  • Jun 30, 2011 12:49pm Jun 30, 2011 12:49pm
A repost of BigE's trade chart from earlier too:
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  • #6,693
  • Jun 30, 2011 1:08pm Jun 30, 2011 1:08pm
What was the problem in here guys? Do you have an idea? Daily trend was down. TDI crossed. candle body passed under MA. But after I opened it stopped.
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Demand is not one wants, but what one can pay for
  • #6,694
  • Jun 30, 2011 1:11pm Jun 30, 2011 1:11pm
Quoting roterio
What was the problem in here guys? Do you have an idea? Daily trend was down. TDI crossed. candle body passed under MA. But after I opened it stopped.
1.6000 BRN.
TDI is just a part of the game. Forex basics are even important.
Look for cross, candle size/strenght, SR-BRN, trend. Its about the whole story.
  • #6,695
  • Jun 30, 2011 1:14pm Jun 30, 2011 1:14pm
Quoting 2scoops
A repost of BigE's trade chart from earlier too:
My chart doesn't look anything like this; he is on GMT time maybe? Must be because it shows an ending of 15:00 and it isn't even that here in CDT. Or is that 09:00 Asian time with the rollover of EDT. Sorry, just confused. p
  • #6,696
  • Jun 30, 2011 1:16pm Jun 30, 2011 1:16pm
Long signal on GBPAUD. take a look
  • #6,697
  • Jun 30, 2011 1:16pm Jun 30, 2011 1:16pm
Quoting Thierry
1.6000 BRN.
TDI is just a part of the game. Forex basics are even important.
Look for cross, candle size/strenght, SR-BRN, trend. Its about the whole story.
I think candle size and strong were OK for this trade. I think everything was OK for this trade. But it simply stopped. I am sure it fits all the rules of Big E . I saw several of those trades for a few weeks. I think I have to accept some reverse moves. Big E told that he had %75 winning ratio. So this trade was in %25.
Demand is not one wants, but what one can pay for
  • #6,698
  • Jun 30, 2011 1:21pm Jun 30, 2011 1:21pm
aud/usd daily chart trending down...and has hit resistance
possible setup on h4?

http://i54.tinypic.com/2wqhohu.gif
  • #6,699
  • Jun 30, 2011 1:35pm Jun 30, 2011 1:35pm
Quoting roterio
I think candle size and strong were OK for this trade. I think everything was OK for this trade. But it simply stopped. I am sure it fits all the rules of Big E . I saw several of those trades for a few weeks. I think I have to accept some reverse moves. Big E told that he had %75 winning ratio. So this trade was in %25.
You are right Roterio, your trade was not bad, but be aware of big number, for gbp usd: 1.50/55/60 etc..

And offcourse, losers are part of the game. We need to accept them.

We must understand that we not need every cross. Pick the best ones that met all our criteria. We don't need 100 trades a week (all crosses even on 4h will deliver 100 trades if you follow around 20 pairs).
Even 3-5 trades a week can be enough, but most trade with small accounts (me2) and that is sooo hard. Think on every trade, if i had a big account will i take this trade? is this setup a possible loss of 1000 bucks worth? most of the time the answer is NO.
  • #6,700
  • Jun 30, 2011 1:39pm Jun 30, 2011 1:39pm
Quoting kodex750
aud/usd daily chart trending down...and has hit resistance
possible setup on h4?

http://i54.tinypic.com/2wqhohu.gif
yes, it does look like good setup, i am waiting for a close. We'll see how it goes. I would like to know what other members think about this one. Like to see more votes on this setup.
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