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Trading Made Simple

  • #24,701
  • Sep 6, 2013 4:45am Sep 6, 2013 4:45am
Trade on NU = + 25 pips

Trend up
Break of retracement candle
Change of candle color
TDI confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 112 KB
  • #24,702
  • Sep 6, 2013 5:34am Sep 6, 2013 5:34am
Quoting munirpt
Trade on NU = + 25 pips Trend up Break of retracement candle Change of candle color TDI confirmation {image}
hi Munirpt,

nice trade!!!!

which is the indicator you use on your charts that draw grey rectangles around your candles???

can you attach the file, plese.. i find it usefull!!!

thanks

Frank
  • #24,703
  • Sep 6, 2013 5:36am Sep 6, 2013 5:36am
Quoting tenmilewalk
{quote} hello Arete, why not try skype?

A few have mentioned this, ill set that up for monday morning (LO) times, had about 15 different traders in the lobby around LO today
  • #24,704
  • Sep 6, 2013 5:51am Sep 6, 2013 5:51am
Quoting munirpt
Trade on NU = + 25 pips Trend up Break of retracement candle Change of candle color TDI confirmation {image}
A nice pro trader network right skew! conservative b entry.
  • #24,705
  • Edited 6:44am Sep 6, 2013 6:23am | Edited 6:44am
Quoting Kanderpro
{quote} Hello Emmanuel7788 and Phx62, I'd be grateful for your comments (and anyone else's). I currently limit my trading to the following scenarios on H1: shorts when the green is below the MBL and the 50, longs when green is above the MBL and the 50. I haven't written down my plan for these scenarios yet, but I suspect they are successful when the same thing is happening on 15m. I also trade this scenario (which unbeknownst to me, may be common knowledge): I believe that visual backtesting (i.e. scrolling back through the charts) shows that H1...

Hi Kan,

There are different entry methods using the TDI. You will read these in the attached pdf.
Big E only use the Scalping entry condition on H4.

What you described is the Moderate entry condition which I find is very good when apply with Candlestick pattern trading.

Below is s chart example using NU showing a M15 entry with view of the H4 candle price action. In this example is H4 Double Inside Bar breakout.

We can of course stick to H4 TDI Green cross Red and ignore the Yellow, Blue band and the 32,50,68 levels but will work out only if we read the price action very well.

Exit conditions:
This is something everyone need to work on for their own individual trading style. You all know how I manage my trades and I do not exit when TDI goes flat.
There are at least 5 different exit conditions which you will find out when you do your back-testing.


regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: NU M15 scalping entry.png Size: 36 KB
Attached File(s)
File Type: pdf Traders Dynamic Index description.pdf   11 KB | 2,823 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,706
  • Sep 6, 2013 6:28am Sep 6, 2013 6:28am
Quoting frank_seb
{quote} hi Munirpt, nice trade!!!! which is the indicator you use on your charts that draw grey rectangles around your candles??? can you attach the file, plese.. i find it usefull!!! thanks Frank

that shaded areas show the Day candle range high low and we see a potential Day IB breakout for this trade....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,707
  • Sep 6, 2013 6:31am Sep 6, 2013 6:31am
Quoting rockrobb
{quote} this flight formation can increase the flight efficiency of the birds, allowing them to expend less energy in order to fly. This is essential for migrating birds that must travel long distances without landing, any conservation of energy is essential. the conservation of energy occurs because instead of flying on the same relative plane, each bird is at a slightly lower altitude than the other. this difference allows the birds to take “advantage of the upwash vortex fields created by the wings of the birds in front”(1). This results in a...

That's the science about why birds fly in V formation.

What has that has to do with trading?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,708
  • Sep 6, 2013 6:31am Sep 6, 2013 6:31am
Quoting emmanuel7788
{quote} Hi Kan, There are different entry methods using the TDI. You will read these in the attached pdf. Big E only use the Scalping entry condition on H4. What you described is the Moderate entry condition which I find is very good when apply with Candlestick pattern trading. Below is s chart example using NU showing a M15 entry with view of the H4 candle price action. In this example is H4 Double Inside Bar breakout. We can of course stick to H4 TDI Green cross Red and ignore the Yellow, Blue band and the 32,50,68 levels but will work out only...
emmanuel,

inspiring as usual.... it looks so obvious after the event.

if you find the time could you give us a heads up if you see a similar set up in the future? to help us fine tune our pa.

regards

adam
  • #24,709
  • Sep 6, 2013 6:43am Sep 6, 2013 6:43am
Quoting Uk1
{quote} I read up on this aswell, very thought provoking Emmanuel...
here is something you all can ponder over:

TMS traders who are part of a TMS trading team and share a common vision and direction will get where they are going much quicker and also easier. They are going quicker and easier because they rely on the trust of one another just like the migratory birds when they fly in a V-formation.

Do not trade alone.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,710
  • Sep 6, 2013 6:46am Sep 6, 2013 6:46am
another trade closed before the news.

AUD USD = + 25 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 87 KB
  • #24,711
  • Sep 6, 2013 6:46am Sep 6, 2013 6:46am
Quoting adamjhdavis
{quote} emmanuel, inspiring as usual.... it looks so obvious after the event. if you find the time could you give us a heads up if you see a similar set up in the future? to help us fine tune our pa. regards adam

hindsight is 20/20 vision.

But when you trade 4H, you have plenty of time to think and to look for high probability setups when IB alerts pops up on your charts.

Edit:

For those doing own back-testing, you will find out how often those inside bars IBs show up on your charts and how the price action move with the IBs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,712
  • Sep 6, 2013 6:47am Sep 6, 2013 6:47am
Quoting emmanuel7788
{quote} that shaded areas show the Day candle range high low and we see a potential Day IB breakout for this trade....
Sorry Emmanuel,

is that an expert advisor, indicator or not???

i would it on my charts...

Frank
  • #24,713
  • Sep 6, 2013 6:51am Sep 6, 2013 6:51am
Quoting frank_seb
{quote} hi Munirpt, nice trade!!!! which is the indicator you use on your charts that draw grey rectangles around your candles??? can you attach the file, plese.. i find it usefull!!! thanks Frank
Here are the rectangle indicators . The gray shade is done with the Timezones indicator
Attached File(s)
File Type: ex4 BreakOut_BOX_4_Asia_indicator.ex4   10 KB | 672 downloads
File Type: ex4 BreakOut_BOX_4_London_indicator.ex4   10 KB | 633 downloads
File Type: ex4 BreakOut_BOX_4_NewYork_OpeningRange_indicator.ex4   10 KB | 622 downloads
File Type: ex4 Time Zones.ex4   8 KB | 610 downloads
  • #24,714
  • Sep 6, 2013 6:52am Sep 6, 2013 6:52am
You now know the science about why birds fly in V-formation. What can we learn from the birds flying in V-formation?

here is an excerpt:

We have a lot to learn from these geese.

  1. By flying in "V " formation, the whole flock adds at least 71% greater flying range than if each bird flew on its own.
    =>People who share a common direction and sense of community can get where they are going quicker and easier because they are traveling on the thrust of one another.
  2. Whenever a goose falls out of formation, it suddenly feels the drag and resistance of trying to go it alone and quickly gets back into formation to take advantage of the lifting power of the bird immediately in front.
    =>If we have as much sense as a goose, we will stay in formation with those who are heading in the same as we are.
  3. When the lead goose gets tired, he rotates back in the wing and another goose flies point.
    => It pays to take turns doing hard jobs, with people or with flying geese.
  4. These geese honk from behind to encourage those up front to keep up their speed.
    => We need to be careful what we say when we honk from behind.
  5. Finally, when a goose gets sick, or is wounded by gunshot, and falls out, two geese fall out of formation and follow him down to help and protect him. They stay with him until he is either able to fly or until he is dead, and then they launch out on their own or with another formation until they catch up with their group.
    => If we have the sense of a goose, we will stand by each other, protect one another and sometimes make new friends who seem to be going in our direction.


Good Trading!

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,715
  • Sep 6, 2013 6:52am Sep 6, 2013 6:52am
Quoting emmanuel7788
{quote} hindsight is 20/20 vision. But when you trade 4H, you have plenty of time to think and to look for high probability setups when IB alerts pops up on your charts.

yes true i guess what i'm getting at is when someone such as yourself confirms it it helps with our confidence and conviction thats all.
  • #24,716
  • Sep 6, 2013 6:53am Sep 6, 2013 6:53am
Quoting emmanuel7788
{quote} That's the science about why birds fly in V formation. What has that has to do with trading?
I would assume its to do with speed?

Fastest way to go up/back down, i love the formation in 15m, trading becomes "simple"
  • #24,717
  • Sep 6, 2013 7:04am Sep 6, 2013 7:04am
Quoting emmanuel7788
{quote} Hi Kan, There are different entry methods using the TDI. You will read these in the attached pdf........
Thank you for your response, Emmanuel.
Perhaps my request wasn't worded very clearly. I'd be very grateful if you would share your thoughts on my observations re the validity, or otherwise, of the potential set-up where reversal pa occurs when the green line and the MBL are on different sides of the 50.
Thanks,
Kan
Thanks for your help, warmth and straight talking Heather.
  • #24,718
  • Sep 6, 2013 7:11am Sep 6, 2013 7:11am
Quoting munirpt
{quote} Here are the rectangle indicators . The gray shade is done with the Timezones indicator {file} {file} {file} {file}
thank you so much munirpt!!

congratulations for your 2nd trade!!!

have a nice week-end!!!

Frank
  • #24,719
  • Sep 6, 2013 7:17am Sep 6, 2013 7:17am
Quoting emmanuel7788
You now know the science about why birds fly in V-formation. What can we learn from the birds flying in V-formation? here is an excerpt: We have a lot to learn from these geese. By flying in "V " formation, the whole flock adds at least 71% greater flying range than if each bird flew on its own. =>People who share a common direction and sense of community can get where they are going quicker and easier because they are traveling on the thrust of one another. Whenever a goose falls out of formation, it suddenly feels the drag and resistance of...
brought tears
Come tomorrow, I'll wake up new
  • #24,720
  • Sep 6, 2013 7:17am Sep 6, 2013 7:17am
Quoting adamjhdavis
{quote} A nice pro trader network right skew! conservative b entry.
Good notice, indeed its even tho I didn't pull my fibs still yet

This week I decided to stop trading from yesterday to stop disastrous trading behavior , and start next week

Took 5 trades this week, 1 BE, 2 Looser , and 2 revenge trades that worked, but because of that revenge trade, I decided to stop trading the rest of the week and start fresh next week

I had a revenge trade actually almost 5 months ago, and this week I did that again, so this week - 50 pips out of 2 trades and + 30 pips out of 2 revenge trades, am - 20 pips this week

Thanks
I Have Learned to Take Some Losses to Make Profits
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