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Trading Made Simple

  • #25,541
  • Sep 26, 2013 6:07pm Sep 26, 2013 6:07pm
Quoting dezzy
{quote} I include an Aroon's oscillator inside to determine the strength and weakness of a trend, as ultimately you're looking to trade the strength of a reversal. Hence, if you include an Aroon oscillator and it's value is above 50, it filters out quite a bit of the failing trades. Whacha think? I don't find as much of an accuracy if I do the same with ADX and stochastics. Having CCI gives a good hint too though.

Hi dezzy,

What do I think?
Well after many years trading COWABUNGA system, I wean myself off those indicators which are suppose to show us momentum, trend, etc.
I dropped the MACD, ADX, AO,CCI etc. and stick with just one ...the TDI which is RSI based.

Learn to trade with Price Action at Support and Resistance PASR and let the TDI and Heiken Ashi help you confirm the PASR will be one of the EDGE ahead of others.

Take your time and learn to trade TMS with PASR, and gradually progress then drop those other indicators.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,542
  • Sep 26, 2013 6:18pm Sep 26, 2013 6:18pm
Quoting emmanuel7788
AU 26 Sep NYO trade: {image} Risks: US news today.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 26 Sep NYO trade 26-9-2013 8-57-50 PM.png Size: 29 KB


This AU trade went as planned. Took +30pips profit on first Pos.
Kept remaining Pos for today ....
As usual London close see price paused then the US traders took control but no buyers.
We shall see what the Asian traders will do later.

Attached Image (click to enlarge)
Click to Enlarge Name: AU 26 Sep NYO trade update 27-9-2013 7-10-06 AM.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,543
  • Sep 26, 2013 6:26pm Sep 26, 2013 6:26pm
Quoting emmanuel7788
Two 4H setups - GBPAUD and GBPNZD. Comparing the two charts below, which one would you take and why? GBPNZD: {image} GBPAUD: {image} Trade Well.
Two 4H setups - GBPAUD and GBPNZD.

Comparing the two charts below, which one would you take and why?

GBPNZD:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD week 39 26 Sep LO 26-9-2013 3-10-53 PM.png Size: 28 KB


GBPAUD:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week 39 26 Sep LO 26-9-2013 3-13-08 PM.png Size: 26 KB





Hi Folks,

I posted this yesterday and only 3 members responded. Kind of disappointing that there were not more who would do the work here.

If you follow that two pairs - GBPNZD and GBPAUD, and practice doing the work, you will learn some lessons how to pick the better setups.

To succeed and to get better trading performance, you need to do the work and not just silently reading the post.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,544
  • Sep 26, 2013 6:37pm Sep 26, 2013 6:37pm
People argue all the time whether the TDI cross or not...

Here is a simple way :

Read off the value in the TDI indicator window and you will see the PL and TSL values.
You do the maths and decide whether the cross happened or not.

But we are not trading precision here. We trade Price Action on the price chart above and not the TDI cross or not.
It is the price bar above which will decide to cross the TDI or not.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI window data values.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,545
  • Sep 26, 2013 10:38pm Sep 26, 2013 10:38pm
EJ H1 trade. This week is not too much busy with my daily work at the office, hence I'm try to trade the way Phx62 did. Only one pair and only one TF H1. There were not perfect trades I take but I can see some breath, soul of the pair and the TF which I focus on.
I'm not a professional trader to advise to someone but I strongly recommend new trader like me choose one pair for trading until you become master and consistency then you can move to another one.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-26-2013 10-53-52 PM.jpg Size: 113 KB
  • #25,546
  • Sep 26, 2013 10:47pm Sep 26, 2013 10:47pm
Hello Emmanuel, thanks for all the help that you bring to all new members like me. I just studying and learning before. And welll RIP Mr. Poopaw.
  • #25,547
  • Sep 27, 2013 12:13am Sep 27, 2013 12:13am
Quoting Pervis
EJ H1 trade. This week is not too much busy with my daily work at the office, hence I'm try to trade the way Phx62 did. Only one pair and only one TF H1. There were not perfect trades I take but I can see some breath, soul of the pair and the TF which I focus on. I'm not a professional trader to advise to someone but I strongly recommend new trader like me choose one pair for trading until you become master and consistency then you can move to another one. {image}
Pervis,

Trades were quite well executed.

How do you manage your trades after initial entry?

- do you move your initial SL after certain number of pips moved?

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,548
  • Sep 27, 2013 12:28am Sep 27, 2013 12:28am
What made this GU spike? Have any idea?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,549
  • Sep 27, 2013 12:31am Sep 27, 2013 12:31am
EURGBP H4 breakout trade:

Attached Image (click to enlarge)
Click to Enlarge Name: TDI window data values.png Size: 34 KB


now 4 hours later ...

Attached Image (click to enlarge)
Click to Enlarge Name: EG 27 Sep 4H trade 27-9-2013 1-25-51 PM.png Size: 22 KB


maybe you missed my post 25,547 above about TDI cross or not...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,550
  • Sep 27, 2013 12:31am Sep 27, 2013 12:31am
Quoting heispark
What made this GU spike? Have any idea?

Russian oil money ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,551
  • Sep 27, 2013 12:38am Sep 27, 2013 12:38am
Now Frankie hour, who dare to short EU?

Don't even think of it ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,552
  • Sep 27, 2013 1:22am Sep 27, 2013 1:22am
Quoting emmanuel7788
{quote} Pervis, Trades were quite well executed. How do you manage your trades after initial entry? - do you move your initial SL after certain number of pips moved? regards, EMMANUEL
Thanks Emmanuel for encouragement,

I use THV EA to managed the trade like PHX was using. Initial SL 30 pip and TP 50 pip
EA will protect capital to BE after price go 21 pips in my direction.
While price not yet touch 21 pip I'll caution monitor and will close the trade with some pip loss when I see reverse signal.
I move TP more than 50 pip If I see price break out of some channel like S/R or trend line I was drew earlier which I call "My Framework"
Exit point is still my concern, I'm not a full time trader and I have daily work hence I cannot monitor M15 like the way Phx do..
  • #25,553
  • Sep 27, 2013 1:22am Sep 27, 2013 1:22am
Hey Emmanuel with this system, i buy-long in the 4hr candle (before the long spike). So the 4 hours says that i need to still being long, but what u think? it going be reversal? If i see the 1hr chart it already touch the "68" and the Stoch its crossing the "80" line to down... So i dont know if i still watching 4hrs and just close the program and check it in the next 4 hrs candle (in like 2 hrs 30min) hahahaha. (Sorry for my english, and im a noobish in this. Just watching & learning)
  • #25,554
  • Sep 27, 2013 1:43am Sep 27, 2013 1:43am
Quoting emmanuel7788
{quote} Two 4H setups - GBPAUD and GBPNZD. Comparing the two charts below, which one would you take and why? GBPNZD: {image} GBPAUD: {image} Hi Folks, I posted this yesterday and only 3 members responded. Kind of disappointing that there were not more who would do the work here. If you follow that two pairs - GBPNZD and GBPAUD, and practice doing the work, you will learn some lessons how to pick the better setups. To succeed and to get better trading performance, you need to do the work and not just silently reading the post. Trade Well.
Hi Emmanuel,

I think the GBPAUD is a better trade. Reason for this is because

1. It broke the master candle range
2. Its at the top of the bollinger bands of the TDI
3. RSI Showing a sharper slope
4. It came down from above the 68 level.

Do let me know if i have missed anything out as i would love to learn from everyone here. Thank you in advance.

On a side note i would like to ask about master candles. This is for EU. Did i get the master candle drawing right (Please look for the red horizontal lines) ?

Thanks
Ryanlum
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.PNG Size: 23 KB
  • #25,555
  • Edited Sep 28, 2013 3:22am Sep 27, 2013 3:31am | Edited Sep 28, 2013 3:22am
Hi guys,

my first post here
My EJ trade, yesterday at LO
+50

dom
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY,H1_2.png Size: 2 KB
Attached Image
  • #25,556
  • Sep 27, 2013 3:46am Sep 27, 2013 3:46am
e/u looks good to buy after 4h close ....i hear there r news at 12 .....whats ur take on the setup?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 29 KB
thankyou gregwilson
  • #25,557
  • Sep 27, 2013 4:51am Sep 27, 2013 4:51am
Quoting emmanuel7788
{quote} Moonie, Just above pot 24,540, we have another very helpful trader Erol who posted some text book pages on Master Candle. Use that and practice to spot the MC patterns on your charts and trade them using TMS. The past 3 to 4 weeks I spent time to show how to spot the market type using candle patterns and avoid taking TDI crosses setups. The significance of MC is to see market consolidation and avoid trading the narrow range consolidation market type. Back-testing on your charts will show you that those TDI crosses while PA is inside the...

Just had a look at Erol's images (thanks Erol) and have backtested some of the TDI crosses within a Master Candle. This does identify areas of consolidation and helps to keep you out of unsuccessful trades. When one of the candles following the MC breaks the high or low by a couple of pips, does this invalidate the MC. I notice from Erol's images that they recommend taking an entry 5 pips above/below the MC H/L.

I been through all the early posts, but the thread seems to have evolved this excellent strategy, so will need to go through the later posts to get up to speed.

Big thanks for all the excellent support guys.
  • #25,558
  • Sep 27, 2013 5:41am Sep 27, 2013 5:41am
AU breaking our of the FOMC day range nicely.
If this H4 close below, then it will be on target.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,559
  • Sep 27, 2013 5:46am Sep 27, 2013 5:46am
Quoting ryanlum
{quote} .... On a side note i would like to ask about master candles. This is for EU. Did i get the master candle drawing right (Please look for the red horizontal lines) ? Thanks Ryanlum {image}
ryanlum,

MASTER CANDLE ...

Please read post 25,540

Learn this well and it will keep you out of ranging market.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,560
  • Sep 27, 2013 6:01am Sep 27, 2013 6:01am
Quoting emmanuel7788
{quote} yup, that right it is the 5th candle and now we have this MC to trade EJ today and next week. Make pips with this MC ..its 100pips range. Don't let just one MC candle put cloud over your eyes. Look lower timeframe and see the early entry before the breakout too.

I think the key of being successful using MC is what Emmanuel said above!
In this case, u won't miss any position in H4 and H1 and even M30
You just need to know where to put ur TP and SL

Just look at post 25,540

Thank u man!
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