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Trading Made Simple

  • #15,741
  • Mar 5, 2013 9:21am Mar 5, 2013 9:21am
Quoting emmanuel7788
Price Action is key in trading. See attached chart.

You maybe using the TDI Red Green from this thread, right?
I use the TDI Realtime version which may explain some small difference.

All Right.
  • #15,742
  • Mar 5, 2013 9:41am Mar 5, 2013 9:41am
Hi Emmanuel,

what is the real time version of the TDI ? and what is the difference ??

regards

nelly (newbie)
  • #15,743
  • Mar 5, 2013 9:58am Mar 5, 2013 9:58am
Well, the day seems to be not lost... 48 pips
Jacek
Attached Image (click to enlarge)
Click to Enlarge Name: audcad_050313.png Size: 43 KB
JacekPreserve Precious Capital
  • #15,744
  • Mar 5, 2013 10:13am Mar 5, 2013 10:13am
Quoting Jackub
Well, the day seems to be not lost... 48 pips
Jacek
Hello Jackub, How are you?
you have a Nice Indi TMS at the bottom of your chart. Can I have it please?
  • #15,745
  • Mar 5, 2013 10:19am Mar 5, 2013 10:19am
Quoting behman8850
Hello Jackub, How are you?
you have a Nice Indi TMS at the bottom of your chart. Can I have it please?
GL...
Jacek
Attached File(s)
File Type: ex4 TMS-Osc Histo 3TF v1.02.ex4   15 KB | 412 downloads
JacekPreserve Precious Capital
  • #15,746
  • Mar 5, 2013 10:36am Mar 5, 2013 10:36am
Quoting Jackub
GL...
Jacek
Thanks.
Bomi
  • #15,747
  • Edited 11:40am Mar 5, 2013 11:09am | Edited 11:40am
hello snarlyjack
Have you took a long eur usd last night to see? I got a 1.30440 and I went out on the closure of the red candle. would you stay in position? Loss of 20 pips demo.
Again thank you for your explanation
  • #15,748
  • Mar 5, 2013 2:01pm Mar 5, 2013 2:01pm
Thomi,

Ok...here are some opinions that I have.

I didn't make a trade last night, I watched and waited for a set-up but didn't get one.
Last week the eur/dol sold-off for about 500 pips. The market in my opinion (#1) is
taking a break and catching it's breath (marking time). You could counter trade
this market but it would be a high risk trade, cause you really never know what
it's going to do. Opinion (#2) Is sometimes your better off sitting on your hands and
watching (not trading) entil things get sorted out in the market. Sometimes no action,
is better than action. Opinion (#3) You want to wait for "premo" trades to preserve your cash.
If you do counter trade, you will want to sit at the computer and watch it with a
tight stop-loss. This market will crank-up again, give it time and learn to be patient.

Those are my "top of the head" opinions at the moment...

snarlyjack
Attached Image (click to enlarge)
Click to Enlarge Name: pictures15gif.gif Size: 23 KB
  • #15,749
  • Mar 5, 2013 2:15pm Mar 5, 2013 2:15pm
when you say I Waited and watched for a set-up but did not get one. You speak of crossing tdi?
  • #15,750
  • Mar 5, 2013 4:39pm Mar 5, 2013 4:39pm
Thomi,

Yes, everyone trades just a bit different but I wait for a good crossing
of the "tdi" (green through red). If you don't wait you might have
a bounce trade going in the other direction. Just my style...

Hope I helped you...

snarlyjack
  • #15,751
  • Mar 5, 2013 5:03pm Mar 5, 2013 5:03pm
Has anyone tried trading Big E's original 4H method? It's the thing that got me excited about this thread. I read that he traded 8 pairs over the 2:00, 6:00 and 10:00 GMT 4H candles and then just slept and got 250-500 pips a week. But doing backtesting and watching this thread I'm not seeing that kind of action or anything close... has the market just changed or what?
  • #15,752
  • Mar 5, 2013 5:25pm Mar 5, 2013 5:25pm
Empowers,

In my mind (?) I trade almost exactly how Big E traded (?). If their is a
difference, that difference would be I check the daily chart for trend
direction. And, I like to trade with the trend.

I'am not exactly sure that Big E traded with the trend. He seemed to
take some trades when the TDI was at levels 68 & 32 going against
the trend. You also must remember that Big E was a pretty aggressive
trader. Lot's of countertrend trades.

Big E had been studying charts and trading for a long time (years). He had a
pretty good natural feel for the markets due to years of backtesting.
I remember that he said he quit trading for 2 years and just backtested
the charts before he started up his trading again. All of this backtesting
gave him his edge. You have to develop your own edge. When to get
in and when to get out. Trading is both a science and a art.

Hope this gave you some thoughts to ponder...

snarlyjack
  • #15,753
  • Mar 5, 2013 6:47pm Mar 5, 2013 6:47pm
Alter Synergy Bars..

Hi ya Everyone..

Could some one help please I have tried several types of Synergy bars but I wanted to make the bars thinner to show more of the candles on the charts however ever time I change colors and thin the bars down they revert back to original colors and thickness when changing TF...would someone have an adjustable indicator please??

Cheers,
Adrian
  • #15,754
  • Mar 5, 2013 7:05pm Mar 5, 2013 7:05pm
I thought this was a good picture...

Ramjet,

The synergy bars that I use are posted on X-Man's SSS system front page...

snarlyjack
Attached Image
  • #15,755
  • Mar 5, 2013 7:21pm Mar 5, 2013 7:21pm
Quoting snarlyjack
I thought this was a good picture...

Ramjet,

The synergy bars that I use are posted on X-Man's SSS system front page...

snarlyjack
Hey Snarlyjack..

Thanks for getting back to me on this...yes that was one of the ones I tried and it keeps reverting back to original settings..

Cheers,
Adrian
  • #15,756
  • Mar 5, 2013 7:37pm Mar 5, 2013 7:37pm
Well it seems you trade slightly different 4H candles but that shouldn't make too much of a difference.

So what kind of results are you getting (pips per month) and what pairs are you trading.

Thanks, I just don't feel like my own edge is working at the moment, and along with a few other issues goin on in my life I'm feeling quite beaten down and sad. I'm trying to focus back on the basics of this strategy, but want to know some modern day results from someone doing the original (yourself)

Quoting snarlyjack
Empowers,

In my mind (?) I trade almost exactly how Big E traded (?). If their is a
difference, that difference would be I check the daily chart for trend
direction. And, I like to trade with the trend.

I'am not exactly sure that Big E traded with the trend. He seemed to
take some trades when the TDI was at levels 68 & 32 going against
the trend. You also must remember that Big E was a pretty aggressive
trader. Lot's of countertrend trades.

Big E had been studying charts and trading for a long time (years). He had a
pretty good natural...
  • #15,757
  • Mar 5, 2013 8:38pm Mar 5, 2013 8:38pm
Empowers,

Cheer-up, The good news is you have made it this far in your trading!
Your learning the right system. Now, it's just a matter of time before
your skills are perfect.

Trading takes time to learn (baby steps). You can't run before you can walk.
It's like anything else in life (it takes time to learn how to play baseball) you
gotta keep trying. The big secret is: Don't ever give up, don't quit trying,
keep learning and perfecting your skills.

It's like golf, it takes time to master your swing. Or riding a motorcycle, it
takes time to learn how to balance and turn.

I trade (watch) the eur/dol, gbp/usd, aud/usd and usd/jpy. Just the 4 pairs. My
favorite is eur/dol cause that what I started with (low commissions, quick sexy moves,
largest forex market). I average about 200 pips per week. About 800-1000
pips per month. (800 x $10.00 per pip = $8,000. per month). But, I've been
trading and studying for about 5 years now (2008). I'am a conservative trader.
But everyday, week, month, season (summer doldrums), year are different.

Like Captain Jack of the "Pirates of the Caribbean" would say...take what you can
and give nothing back! That's my motto...

Hope this helps you...

snarlyjack
  • #15,758
  • Mar 5, 2013 10:12pm Mar 5, 2013 10:12pm
Quoting snarlyjack
Empowers,

Cheer-up, The good news is you have made it this far in your trading!
Your learning the right system. Now, it's just a matter of time before
your skills are perfect.

Trading takes time to learn (baby steps). You can't run before you can walk.
It's like anything else in life (it takes time to learn how to play baseball) you
gotta keep trying. The big secret is: Don't ever give up, don't quit trying,
keep learning and perfecting your skills.

It's like golf, it takes time to master your swing. Or riding a motorcycle,...
To play $10 per pip How much minimum required?
  • #15,759
  • Mar 5, 2013 10:18pm Mar 5, 2013 10:18pm
About $10,000.

Thanks snarly, I'll keep it up

Do you have a record of the trades you've made so far in 2013, it would really help if I could see where the pips come from, I'm having trouble backtesting. (MyFXJournal, Meetpips, or just a list of your major trades like 03/02 - short EU)

Quoting behman8850
To play $10 per pip How much minimum required?
  • #15,760
  • Mar 5, 2013 10:25pm Mar 5, 2013 10:25pm
Quoting Ramjet
Alter Synergy Bars..

Hi ya Everyone..

Could some one help please I have tried several types of Synergy bars but I wanted to make the bars thinner to show more of the candles on the charts however ever time I change colors and thin the bars down they revert back to original colors and thickness when changing TF...would someone have an adjustable indicator please??

Cheers,
Adrian
You can modify the values preset in the synergy mq4 file or you can use the attached file.

Hope it's help.
Attached File(s)
File Type: mq4 Synergy_APB.mq4   3 KB | 543 downloads
Banker please return my pipins.
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