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Trading Made Simple

  • #25,321
  • Sep 20, 2013 12:18am Sep 20, 2013 12:18am
Quoting Neon
{quote} Regarding the EA, that's incredible! Is it available to public? Editted. Found it! Is it the xTDI Cross-EA? With the Traders_Dynamic_Index.mq4 under expert>indicators? Still figuring how to run it.
Neon,

If you are looking for a EA robot to trade automatically for you, don't waste your time.
Reason is that TMS trading is a discretionary mechanical method.

I have my own EA to execute trades which I define manually and manage my trades automatically using R-Multiple method.

You can try the xTDI Cross-EA which is mean for back-testing only. Proven to lose money in lower TF trading H1 and below.
H4 you get a chance to make some money if you know how to determine your exit management.
D1 can make money better than H4, provided you use proven money management with ME/ME management strategies.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,322
  • Sep 20, 2013 12:22am Sep 20, 2013 12:22am
Quoting TheScorpS
{quote} Right Skew I guess Emmanuel, have been back testing since yesterday, with other candle pattern formation I have a question for PHX62 , sir when I read your posts, I see that you take trades when PA test the high or the low of London Session and fail to break , then the setup candle change color to opposite color, I'm not sure if TDI would cross in this case yet, because an aggressive entry is taken on the pullback from the high or the law especially after like 3 test in the m15 or 2 hours in H1 Can you share some thoughts and hints in this...
Right Skew...Hmmmmm.
keep guessing...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,323
  • Sep 20, 2013 12:22am Sep 20, 2013 12:22am
Quoting emmanuel7788
{quote} What do I think? Sometimes the market makers set you up.... be careful!
Hi Emmanuel,

I am writing down what I feel about this pair now, hope you can share your thought and correct me if I am wrong.

Ytd was a very bullish close and overall trend is up now. Right now the price is resting around ytd fibo retractment of 23.6% of ytd day bullish bar and also weekly line chart resistance area. If we will to use TMS system, I will sell when the price retrace to 23.6/50% of the previous H4 bar. What your view on this?

Regards,
wqiang
  • #25,324
  • Sep 20, 2013 12:54am Sep 20, 2013 12:54am
Quoting Wqiang
{quote} Hi Emmanuel, I am writing down what I feel about this pair now, hope you can share your thought and correct me if I am wrong. Ytd was a very bullish close and overall trend is up now. Right now the price is resting around ytd fibo retractment of 23.6% of ytd day bullish bar and also weekly line chart resistance area. If we will to use TMS system, I will sell when the price retrace to 23.6/50% of the previous H4 bar. What your view on this? Regards, wqiang
Hi Wqiang,

When we trade TMS 4H, we look for trending market type. TMS is not good for trading when market is in narrow range and in consolidation.
After this week MC breakout, seen in D chart, what do we see on our D chart?

- market paused at RN 135.00, above is a MN historical resistance 135.11
- the D momentum is still there, but it would be difficult to get an entry on D chart, why? where do you want to place your initial SL?

- after a bull rally yesterday, we have to see how deep the retracement before we get into any buy entry.

- retracement can be shallow, maybe 23%, then that is good because shallow retracement means trend is still strong.

- if retracement is deep down to 50% and below, then will mean the up trend has weaken, but we can still buy when we see lower TF PA for a buy setup. This is what I call a Fib38/50 entry.

Having said that, nothing can stop anyone from trading in lower TF H1 and M15 to scalp the retracement.

But, I see a H4 wide range bar/ candle and now that H4 WRB show as a master candle, I don't trade any TDI cross when PA is in the MC range. I wait for a breakout of that MC. When there is a breakout candle and confirm with the TDI, then I take the breakout as my A+++ trade setup.

Now I can go down to lower TF like H1 to see if there is setup for a low TF entry.

Hope this explains what I have in mind now seeing EJ D chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 38 20 Sep D view.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,325
  • Sep 20, 2013 1:10am Sep 20, 2013 1:10am
Quoting emmanuel7788
{quote} Hi Wqiang, When we trade TMS 4H, we look for trending market type. TMS is not good for trading when market is in narrow range and in consolidation. After this week MC breakout, seen in D chart, what do we see on our D chart? - market paused at RN 135.00, above is a MN historical resistance 135.11 - the D momentum is still there, but it would be difficult to get an entry on D chart, why? where do you want to place your initial SL? - after a bull rally yesterday, we have to see how deep the retracement before we get into any buy entry. - retracement...
Very appreciated with your teaching. I will bear that in mind and work on it!!
  • #25,326
  • Sep 20, 2013 3:05am Sep 20, 2013 3:05am
Anyone sold XAU on H4?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,327
  • Sep 20, 2013 3:45am Sep 20, 2013 3:45am
Quoting emmanuel7788
Anyone sold XAU on H4?
Yes. I am.

I read what you wrote. 50 pip.
Mother candle line crossed down, I sell.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdmh4.png Size: 56 KB
  • #25,328
  • Sep 20, 2013 4:06am Sep 20, 2013 4:06am
Quoting emmanuel7788
Here is an exercise to learn, practice and train your 'third eye' for trading.... {image} be prepared for some weekend exercise ....
Hi Emmanuel.

My guess and comments on your chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Week 38.png Size: 36 KB
  • #25,329
  • Sep 20, 2013 4:09am Sep 20, 2013 4:09am
Quoting clubdio
{quote} Yes. I am. I read what you wrote. 50 pip. Mother candle line crossed down, I sell. {image}

Nice!

Seriously looking into the details of HTF price movement of XAU it can POP.

when it does, this one can make you rich with an extra bonus this year-end.

Edit: While we appreciate the green forest, we must also distinguish the individual species of trees.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,330
  • Sep 20, 2013 4:11am Sep 20, 2013 4:11am
Quoting Axiom
{quote} Hi Emmanuel. My guess and comments on your chart. {image}
Axiom,

another good guess ...hmmmm

my chart can be very distracting, especially the legend showing the MN and W1 S&R colours.

keep guessing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,331
  • Sep 20, 2013 4:35am Sep 20, 2013 4:35am
this is a trade which i took with the trend at the crossover of the TDI. i thought of exiting it but then i thought i am with the trend.

emmanuel please guide me if the entry was correct. the pair is eur/nzd
Attached Image (click to enlarge)
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Come tomorrow, I'll wake up new
  • #25,332
  • Sep 20, 2013 4:42am Sep 20, 2013 4:42am
Quoting gsbharaj
this is a trade which i took with the trend at the crossover of the TDI. i thought of exiting it but then i thought i am with the trend. emmanuel please guide me if the entry was correct. the pair is eur/nzd {image}

You need to show your exact trade entry (buy/sell)

Why do you hide the price scale on the right-hand side.

Why do you use the price Line Chart over the APB/HA?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,333
  • Sep 20, 2013 4:51am Sep 20, 2013 4:51am
Quoting emmanuel7788
{quote} You need to show your exact trade entry (buy/sell) Why do you hide the price scale on the right-hand side. Why do you use the price Line Chart over the APB/HA?
i think this is much better.
i entered the price right at 1.61379. i am shorting this pair at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
Come tomorrow, I'll wake up new
  • #25,334
  • Sep 20, 2013 5:06am Sep 20, 2013 5:06am
NZDJPY M15 triangle breakout - possibly


Attached Image (click to enlarge)
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  • #25,335
  • Sep 20, 2013 5:16am Sep 20, 2013 5:16am
channel trade. will see
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-proh1.png Size: 48 KB
  • #25,336
  • Sep 20, 2013 6:32am Sep 20, 2013 6:32am
Quoting emmanuel7788
{quote} Axiom, another good guess ...hmmmm my chart can be very distracting, especially the legend showing the MN and W1 S&R colours. keep guessing.
Hi Emmanuel

Been staring at your chart and racking my brains until i feel i want to go crazy.

Next Guess:
Breakout form prev weeks swing Highs or Lows when accompanied by TDI PL crosses over TSL are high probability trades?
Entry based on PASR on LTF's.

Axiom
Attached Image (click to enlarge)
Click to Enlarge Name: GU Guess 1.png Size: 45 KB
  • #25,337
  • Sep 20, 2013 7:04am Sep 20, 2013 7:04am
Quoting emmanuel7788
{quote} You need to show your exact trade entry (buy/sell) Why do you hide the price scale on the right-hand side. Why do you use the price Line Chart over the APB/HA?
Hi Emmanuel

Guess 3:
Long wicks on the HTF indicate uncertainty, prices looking for direction. Possible price move in the near term. Warning to get ready?

??????

Axiom
  • #25,338
  • Edited 7:36am Sep 20, 2013 7:06am | Edited 7:36am
Quoting gsbharaj
this is a trade which i took with the trend at the crossover of the TDI. i thought of exiting it but then i thought i am with the trend. emmanuel please guide me if the entry was correct. the pair is eur/nzd {image}
Here is my suggestion:

1) Being a new trader, stick to trading only these pairs - AUDUSD, EURUSD, GBPUSD, USDJPY, EURJPY.

2) Since you are trading H1, Price Action is very important and the TDI is to confirm the Price Action.

In this EURNZD trade, what is the Price Action before you decide to take the trade on TDI cross down?

Also did you consider the spread for this pair and comparing this spread to that of the pairs mention in 1) above?

Where is your initial SL? and your TP?

Edit: Read post#24,915



How did you intend to manage this trade when you decided to sell?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,339
  • Sep 20, 2013 7:09am Sep 20, 2013 7:09am
Quoting emmanuel7788
Anyone sold XAU on H4?
I saw that set up it was very attractive since the price rejected by strong historical resistance
Nothing is True Everything is Permitted
  • #25,340
  • Sep 20, 2013 8:02am Sep 20, 2013 8:02am
Quoting emmanuel7788
Anyone sold XAU on H4?
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 85 KB
There is no spoon....
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