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Trading Made Simple for Day Charts

  • #1,661
  • Aug 4, 2013 12:49am Aug 4, 2013 12:49am
Quoting Britpip7
Here is the current template and screenshots of the indicators plus weekly / daily / H4 and H1 charts This is from an earlier post After testing a variety of formats, I am keeping the TDI on the chart because it does give some good confirmations which you may otherwise miss. TDI is an overlay onto a MACD which is there as a general momentum indicator - The OSMA Oscillator is very similar, and the Awesome Oscillator is also good - but pick one and go with it. The RSI may be too much on top of all of this, but knowing the value is a good thing. All...
Hi Britpip7
Can I find all indicators relating to this this templete ?
Thanks if you can provide.

arasheed
  • #1,662
  • Aug 4, 2013 1:59am Aug 4, 2013 1:59am
Quoting arasheed
{quote} Hi Britpip7 Can I find all indicators relating to this this templete ? Thanks if you can provide. arasheed
Are you new to Forex Factory with 223 posts?

Click on the "paperclip" icon at the top right of this thread and you will find every indicator ever posted in this thread; I'm sure it is in there somewhere.

Sorry, I can't hand it to you but sometimes you have to work for what you want.

Attached Image (click to enlarge)
Click to Enlarge Name: 04-08-2013 16-55-46.png Size: 138 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,663
  • Aug 4, 2013 3:58am Aug 4, 2013 3:58am
Quoting Britpip7
And for those of you wondering if this works, here is this week's closing trades, this week was around 340 pips (I think) - combination of Day and H4 trades - still running with general trends or reversals and TDI crosses / bounces. Rough math would be 11 trades - 8 wins - 3 losses - wins = $82 (approx 410pips), losses = $23 (approx 110 pips) depending on the pairs traded. 82/23 = 3.56:1 win to loss ratio, so a good week. This is a live account on 0.02 lots per trade {image}
High Britpip
your weekly statement is very encouraging....I´m trading forex since 10 years (literally), and barely make it to BE!!!
My problem is I studied so much stuff, I get paralysis of analysis, and find it hard to switch to "Trading made simple", but at the same time it sounds right.

Heard a saying from a wise man: "If you want to be rich, be generous; if you want to be powerfull, be humble; and if you wan to be smart, be simple"...guess elfranz was really smart when he created this system...

One minor question: I see you trade eurusd and usdchf, but they are allmost the same but opposite, 95% correlated..

Anyway, I´m starting this week putting orders on the daylies and 4 hours based on "trading made simple".
All the best
R
  • #1,664
  • Aug 4, 2013 7:10am Aug 4, 2013 7:10am
Quoting Erebus
{quote} Are you new to Forex Factory with 223 posts? Click on the "paperclip" icon at the top right of this thread and you will find every indicator ever posted in this thread; I'm sure it is in there somewhere. Sorry, I can't hand it to you but sometimes you have to work for what you want. {image}
Thanks Erebus
Actually I met a mishap,due to frequent and sudden power outages my computer and harddisk was damaged as such I lost many files and at the moment I am reconstructing my records.

Thanks again

arasheed
  • #1,665
  • Aug 4, 2013 8:49am Aug 4, 2013 8:49am
Quoting cuchuflito
{quote} High Britpip your weekly statement is very encouraging....I´m trading forex since 10 years (literally), and barely make it to BE!!! My problem is I studied so much stuff, I get paralysis of analysis, and find it hard to switch to "Trading made simple", but at the same time it sounds right. Heard a saying from a wise man: "If you want to be rich, be generous; if you want...

Some times UCHF and EU are direct opposites, so they can make a good hedging pair, the only issue with trading correlated pairs, is that when it goes against you it can hurt

Once you establish the weekly trend / move and the daily is running with the weekly chart, losses should be reduced to a minimum.
"To live with Passion, it takes Courage and Grace to survive"
  • #1,666
  • Aug 4, 2013 9:15am Aug 4, 2013 9:15am
Post # 1 Updated to reference the revised templates
"To live with Passion, it takes Courage and Grace to survive"
  • #1,667
  • Aug 4, 2013 9:37am Aug 4, 2013 9:37am
This is my chart, using update template.
Something is missing.
In this chart 89EMA instead of 100EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 69 KB

Anyone knows how to have the macd adjustable indi, the 2-7EMA_cross arrow with alerts and stochastic_divergence?
I couldn't find them in the File Attachments of this thread.
Thanks.
  • #1,668
  • Aug 4, 2013 9:41am Aug 4, 2013 9:41am
Quoting xiaoxin
This is my chart, using update template. Something is missing. In this chart 89EMA instead of 100EMA. {image} Anyone knows how to have the macd adjustable indi, the 2-7EMA_cross arrow with alerts and stochastic_divergence? I couldn't find them in the File Attachments of this thread. Thanks.
best I can do... hope I dont get into trouble for it

rgds
RM
Attached File(s)
File Type: ex4 Stochastic_Divergence.ex4   12 KB | 517 downloads
File Type: ex4 2-7openema_cross_arrow_with_alerts.ex4   5 KB | 599 downloads
File Type: ex4 macd_adjustable (1).ex4   4 KB | 574 downloads
  • #1,669
  • Aug 4, 2013 9:45am Aug 4, 2013 9:45am
Quoting retireme
{quote} best I can do... hope I dont get into trouble for it rgds RM {file} {file} {file}
Many thanks, retireme.
  • #1,670
  • Aug 4, 2013 9:53am Aug 4, 2013 9:53am
Great.
This is my chart now.
Just one doubt here is 89EMA instead of 100EMA.
Anyone has the same problem? Or we don't need to change into 100 at all?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 75 KB
  • #1,671
  • Aug 4, 2013 10:56am Aug 4, 2013 10:56am
Quoting xiaoxin
Great. This is my chart now. Just one doubt here is 89EMA instead of 100EMA. Anyone has the same problem? Or we don't need to change into 100 at all? {image}
Hi Eddy,

Actually you are correct - I modified the 100EMA to 89EMA - this was the EMA that dcginc had on his charts as a day trend indicator - not a huge amount of difference in how they display and the 89EMA does still act as a dynamic support/resistance.

it is what I have been using, so no real need to cahnge
"To live with Passion, it takes Courage and Grace to survive"
  • #1,672
  • Aug 4, 2013 10:58am Aug 4, 2013 10:58am
Quoting retireme
{quote} best I can do... hope I dont get into trouble for it rgds RM {file} {file} {file}

Thanks for posting the indis - I lose track of what i have / have not posted!
"To live with Passion, it takes Courage and Grace to survive"
  • #1,673
  • Aug 4, 2013 11:22am Aug 4, 2013 11:22am
Expanding a bit on the Weekly Reversals observation.

When the Weekly candles show an engulfing pattern, this is a heads up that the trend has a high probability of reversing.

The stronger the initial engulfing candle, the higher the probability of success, so if the engulfing candle pattern is achieved with one candle, this is stronger than a reversal patterns that takes two candles to achieve the full cover of the previous candle.

These weekly / engulfing reversal patterns look to precede any TDI Cross confirmation and as for the 2/7EMA, this may also come too late on the live charts - looks encouraging on this chart, but not sure how far into the week it triggers - just there as an information point at this time and one to watch for live / forward testing.

As usual, this is work in progress going forward - may be useful to back test this as it is just candle patterns and no indicators involved (remove the fractals and the 2/7 arrows for back testing), but definitely worth bearing in mind that the Weekly chart always drives the momentum and probability of the day chart move.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly reversals.png Size: 78 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,674
  • Aug 4, 2013 11:32am Aug 4, 2013 11:32am
To save time swapping around between timeframes, you can always run with each of your pairs as a 4-up chart view saved as a profile for each pair.

when I do this, I will often disable some of the indicators on certain timeframes to make the chart easier to see on the 4-up.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 up charts.gif Size: 118 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,675
  • Aug 4, 2013 12:56pm Aug 4, 2013 12:56pm
Quoting Britpip7
To save time swapping around between timeframes, you can always run with each of your pairs as a 4-up chart view saved as a profile for each pair. when I do this, I will often disable some of the indicators on certain timeframes to make the chart easier to see on the 4-up. {image}
Hi David, I really like this idea. As my brain has aged I find that I have more trouble keeping all of my thoughts together for more than a few moments at a time. It seems to me that trading is more about perspective, psychology and discipline than anything else, so I need to keep my charts as clear as possible. I have gravitated to a 3-Up array which gives me cleaner charts, and I use only the indis that I like best for each TF and layout. My platform then lets me hop between TFs and layouts for the same pair.

An example for NZDJPY, (W1, D1 and H4), which may be of some interest to you - sorry about so many colors which I understand can be a challenge, but I find helpful:

Attached Image (click to enlarge)
Click to Enlarge Name: 08-03 NJ, 3-Up.JPG Size: 176 KB


Best, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #1,676
  • Aug 4, 2013 1:31pm Aug 4, 2013 1:31pm
My chart is more colourful than yours
  • #1,677
  • Aug 4, 2013 2:20pm Aug 4, 2013 2:20pm
I like These 2 Charts... will go Long on day...
TP 1 : ATR 7 (same as stop)
TP2: 1,272 external fib of last two Pivots at 133,66
If you folllow, and we get busted , please blame it on the market....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpydaily.png Size: 33 KB
Click to Enlarge Name: eurjpyh1.png Size: 30 KB
  • #1,678
  • Edited 9:44am Aug 5, 2013 9:27am | Edited 9:44am
Hi guys, I am new here. Still getting grisp of the system...I just wonder if this trade set up is a good one?

I m waiting for the candle to close and a bit of a retracement north before opening the trade. Expected SL around 120 pips with TP around 150-200pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP set up.png Size: 25 KB
  • #1,679
  • Aug 5, 2013 3:58pm Aug 5, 2013 3:58pm
Quoting Britpip7
Here is the current template and screenshots of the indicators plus weekly / daily / H4 and H1 charts This is from an earlier post After testing a variety of formats, I am keeping the TDI on the chart because it does give some good confirmations which you may otherwise miss. TDI is an overlay onto a MACD which is there as a general momentum indicator - The OSMA Oscillator is very similar, and the Awesome Oscillator is also good - but pick one and go with it. The RSI may be too much on top of all of this, but knowing the value is a good thing. All...

Hi Britpip

The ant-GUBreakout appears to have two versions .0.4.1 and .0.4.2. They have different settings and seem to function somewhat differently. How are the settings determined. And the siily question, the 2-7 open ema has the defaults set to 2 and 7?
  • #1,680
  • Aug 5, 2013 11:24pm Aug 5, 2013 11:24pm
Quoting AlbinaGrande
{quote} Hi David, I really like this idea. As my brain has aged I find that I have more trouble keeping all of my thoughts together for more than a few moments at a time. It seems to me that trading is more about perspective, psychology and discipline than anything else, so I need to keep my charts as clear as possible. I have gravitated to a 3-Up array which gives me cleaner charts, and I use only the indis that I like best for each TF and layout. My platform then lets me hop between TFs and layouts for the same pair. An example for NZDJPY, (W1,...
Very nice - as I always say, it has to work for the individual, so customize and make it your own.
"To live with Passion, it takes Courage and Grace to survive"
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