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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #27,661
  • Nov 20, 2013 3:44pm Nov 20, 2013 3:44pm
Quoting gigicualex
{quote} Hi Emmanuel, On your chart I can see an indicator which shows you the entry point and the exit of the previous trades. Can you please tell me which is its name? Thanks, G.

Just go to your " Account History" at the bottom of the mt4 chart and find the trade, left click on it and drag it anywhere on the chart and you will get the entry and exit points posted.
  • #27,662
  • Nov 20, 2013 4:33pm Nov 20, 2013 4:33pm
Quoting kwonkicker
Hi TMS. wanted to showoff and ask and learn all at the same time. EURUSD i noticed that there was kinda same price action before, but its working out completely different. (left and right yellow boxes) Could we foresee that one coming? even TDI seemed to react same on both cases. You thoughts plss. {image}
An excellent example of the fact that the indicator does not always give predictive results.

If you had simply drawn a trend line along the lows of the uptrend and stayed in the trade until it was broken, the trade would have profitable!

Never marry an indicator. Think clearly and think for yourself. If you practicet that, over time you will be able tell the truth from fanciful thinking!
The mind thinks, the heart knows...
  • #27,663
  • Nov 20, 2013 8:14pm Nov 20, 2013 8:14pm
Quoting Tanglewood
Hi fellow traders. I don't know if anyone has come across this 'problem' with the TDI before or not. Basically, Big e's TDI which I downloaded from this thread and have been using differs from Dean Malone's TDI from compassfx. In particular Bid e's TDI is much flatter than Dean's and doesn't reach the same extremes. I've attached a couple of charts of the USD/JPY H1 to show what I mean. The first one without the bollinger is Big's TDI and the second chart with the bollinger is Dean's. On Dean's TDI the recent low touches 32 and the previous high...
Most of us use the TDI with the RSI period 13 and using the Close price i.e. setting (13, 0)

If you watch some recent videos, the TDI setting were changed to period 10 and use the Typical Price setting (10,5) i.e. (High+Low+Close) / 3 which the average of the high+low+close. Those Synergy_Pro model traders will know this.

This will explain why the TDI appear at different levels 68,50,32.
When you use this RSI(10,5) setting you can add more RSI levels - 80, 68, 50, 32, 20.
Why did Dean Malone use 68 and 32, instead of simply 70 and 30 which the common default for the RSI?

To me that does not make a lot of difference because I look at the Price Action above with the price bars. I pay more attention to the recent 13 or 10 price bars OHLC when I use setting (13,0) or (10,5).

Remember that book title RSI:The Complete Guide that I mentiond and someone posted that book here. Read that book and have a good grasp on the price behaviour and the RSI.

regards,
EMMANUEL

see below chart comparison:

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,664
  • Nov 21, 2013 12:10am Nov 21, 2013 12:10am
Quoting emmanuel7788
{quote} Most of us use the TDI with the RSI period 13 and using the Close price i.e. setting (13, 0) If you watch some recent videos, the TDI setting were changed to period 10 and use the Typical Price setting (10,5) i.e. (High+Low+Close) / 3 which the average of the high+low+close. Those Synergy_Pro model traders will know this. This will explain why the TDI appear at different levels 68,50,32. When you use this RSI(10,5) setting you can add more RSI levels - 80, 68, 50, 32, 20. Why did Dean Malone use 68 and 32, instead of simply 70 and 30 which...
On the particular video we were both referring to, it was a lower timeframe strategy of waiting for the green line to reach 80 or 20 so the settings in that case would be very important as in one there would be very few (if any) and with the other setting there would be quite a few.
  • #27,665
  • Nov 21, 2013 12:37am Nov 21, 2013 12:37am
Hi,

I have decided to take the trade on EURUSD, AUDUSD, GBPUSD but could not stop myself after seeing this setup.

Took Trade on USDJPY @100.37 with every thing lined up except resistance is near.
Currently up 30 pips... lets see market wants to give how much !!!
Attached Image (click to enlarge)
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  • #27,666
  • Nov 21, 2013 1:45am Nov 21, 2013 1:45am
Quoting manoj_3986
Hi, I have decided to take the trade on EURUSD, AUDUSD, GBPUSD but could not stop myself after seeing this setup. Took Trade on USDJPY @100.37 with every thing lined up except resistance is near. Currently up 30 pips... lets see market wants to give how much !!! {image}



manoj check you got EUR new coming it best to stay clear of any Eur pair for now just my advice anyway
  • #27,667
  • Nov 21, 2013 1:55am Nov 21, 2013 1:55am
dont trade in asian...if the candle still in the box that mean still in asian session or you will loseee if trade...use this system in london an usa session
this indicator start from 1 am in default if your broker start from 00.00 the change it to 0.0 and the last session change to 8.0
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 83 KB
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File Type: mq4 Daily LinesBoxes.mq4   18 KB | 471 downloads
"Trap The RED News"
  • #27,668
  • Nov 21, 2013 2:57am Nov 21, 2013 2:57am
Hi Emmanuel - many thanks for your comments explaining the difference between two TDI's being due to the different RSI settings. Probably like many others I was unaware that Dean Malone had changed his RSI settings to 10, 5. In fact on the TDI that I downloaded a few days ago from compassfx after watching the videos you posted it doesn't show the settings and there doesn't seem to be any way to change them (see pic below). Yes I have read the RSI guide by John Hayden you recommended and even understood most of it. Shall have to read it again. Many thanks for posting it. Whilst I'm here perhaps there is one other thing you (or anyone else) can help me with. I noticed that you and phx62 seem to use a 'thinner' candle. I have no problem going into the settings and changing the thickness of the candles from 3 to 2. However they don't stay changed. If I change to a different chart or even when I save the thinner candle as a template, when I re-apply the template the candles are back thicker as they were before, they don't stay thin. Am I missing something simple?
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  • #27,669
  • Nov 21, 2013 3:02am Nov 21, 2013 3:02am
Quoting gulayetty
{quote} manoj check you got EUR new coming it best to stay clear of any Eur pair for now just my advice anyway
Thank you very much for your advice. I would like to wait till 4h candle close. My 4h candle will close after 1 hr to decide on eurjpy trade.
  • #27,670
  • Nov 21, 2013 3:19am Nov 21, 2013 3:19am
Quoting Imi
{quote} Helanka, you don't find it because you have to put it there first. Download and save the THV Cavemanager file given to you earlier, to your computer. Then go to Computer/ (C) / Program Files/ Find your broker's name here,click on it / click on experts/ once your here , copy and paste the Cavemanager file from your computer's saved location. Hope I explained it clearly. You have to Restart your MT4 platform, then open Navigator and you should see the EA there. Drag and drop it on your chart and put your settings in properties. Lastly, don't...
Dear Imi,

Thank you very much for your advise.
I understood everything except below.

"don't forget to make sure the Expert Advisor buttom is green at the top beside the new order buttom"


Thanks
Helanka
Helanka
  • #27,671
  • Nov 21, 2013 3:43am Nov 21, 2013 3:43am
Quoting Helanka
{quote} Dear Imi, Thank you very much for your advise. I understood everything except below. "don't forget to make sure the Expert Advisor buttom is green at the top beside the new order buttom" Thanks Helanka

This is the Button

Take care
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  • #27,672
  • Nov 21, 2013 4:33am Nov 21, 2013 4:33am
EURJPY
Unfortunately I passed the long chance on H1 last night (0:00 GMT+1) and even did not take the H4 setup on pivot point level (7:00 GMT+1), because of thinking EJ should go further down to complete the retracement. Would have been very nice trades.

After
- running straight from monthly pivot to monthly R1 and
- H4 TDI priceline is downtrending and still unter MBL
- H4-TDI MBL is bouncing from 68
- D1 had a red APB yesterday (not in this chart)
- D1-TDI made a downcross (not in this chart)
but
- D1 is still in uptrend

So everything seems to be in place to fit to my view, but it seems that EURJPY do not want to fit in - so perhaps my view is incorrect or sometimes I am too early.

So I'll wait for either a short - if EJ will turn the next hours, perhaps with another long chance later if tdi and price will come back.

Any other thougths?
Now EJ reached the R1 pivot point
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-21 11.15 GMT+1 EURJPY.png Size: 177 KB
fxFox (all times in my charts are GMT+1)
  • #27,673
  • Nov 21, 2013 4:34am Nov 21, 2013 4:34am
Quoting Helee
{quote} This is the Button Take care {image}
ok,understood

Thanks,
Helanka
Helanka
  • #27,674
  • Nov 21, 2013 4:37am Nov 21, 2013 4:37am
Quoting Tanglewood
Whilst I'm here perhaps there is one other thing you (or anyone else) can help me with. I noticed that you and phx62 seem to use a 'thinner' candle. I have no problem going into the settings and changing the thickness of the candles from 3 to 2. However they don't stay changed. If I change to a different chart or even when I save the thinner candle as a template, when I re-apply the template the candles are back thicker as they were before, they don't stay thin. Am I missing something simple? {image}
If you change to bar chart instead of the line chart you have it set at now, it should look the same as their's. I also have "chart on foreground" unticked in chart properties.
  • #27,675
  • Nov 21, 2013 4:45am Nov 21, 2013 4:45am
EJ H4 trades:

Previous trades this week got stopped out.

Did new trade entry based on the PA at historical S&R 134.37 as planned this week posted earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 47 H4 trade 21 Nov.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,676
  • Nov 21, 2013 7:06am Nov 21, 2013 7:06am
Have now got comfortable trading the H1 charts, using the H4 tdi as a guide on the chart. EU taken where the vertical line is, taken partial off at the ema's and the rest moved to +1. Did the same with EJ this morning at 6am GMT which is now at + 83. Trying to wait until the H4 tdi shows signs of moving back down before exiting. Had a good day yesterday just on EJ doing the same thing, with roughly 123 pips in 2 trades.
Attached Image (click to enlarge)
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  • #27,677
  • Nov 21, 2013 8:01am Nov 21, 2013 8:01am
Well EU is still being stubborn but I took 100 on EJ in the end. Yesterdays and todays trade attached. The first trade I got nervous near the ma's but if I'd held on until the h4 tdi turned it would have worked anyway.
Attached Image (click to enlarge)
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  • #27,678
  • Nov 21, 2013 8:20am Nov 21, 2013 8:20am
Quoting airbeat
{quote} Just go to your " Account History" at the bottom of the mt4 chart and find the trade, left click on it and drag it anywhere on the chart and you will get the entry and exit points posted.
Thank you airbeat
  • #27,679
  • Nov 21, 2013 8:22am Nov 21, 2013 8:22am
Quoting lastingwell
Have now got comfortable trading the H1 charts, using the H4 tdi as a guide on the chart. EU taken where the vertical line is, taken partial off at the ema's and the rest moved to +1. Did the same with EJ this morning at 6am GMT which is now at + 83. Trying to wait until the H4 tdi shows signs of moving back down before exiting. Had a good day yesterday just on EJ doing the same thing, with roughly 123 pips in 2 trades. {image}
Lovely trade!! Good job.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #27,680
  • Nov 21, 2013 8:31am Nov 21, 2013 8:31am
Hello,

I am a rookie in Forex so dont be harsh on me.

I''ve been following this thread for a while now and today took a trade, what do you think about it ? I placed trailing stop since I had no time to be infront of my pc. I entered on the second candle and when TDI crossed.
Do I still miss something from my chart? If so, I would be glad to know what.

With my regards
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