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Trading Made Simple

  • #31,001
  • Feb 18, 2014 3:36am Feb 18, 2014 3:36am
Quoting buster48
{quote} Hi emmanuel.or any one ,at the risk of being shot down in flames and to save me going back over 31000 posts ,could you tell me (1) is the 12-2,4-6 eastern time (2) I see from your chart you've ditched the Ema,so is it not of much value on this strategy ? (3) I also notice you don't have stochastic on your chart so again do you think its not that worth while? (4) lastly are the yellow and blue lines on your TDI bollinger bands ,or something else..I really appreciate any help and sorry if its been said before.Great thread thanks to all,

Hi buster48,

4 questions... ask me one more, make that 5, my favourite method.

I will be back to reply you. Let me finish my after dinner weizen.
Back shortly. Meantime, be good and read some posts.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,002
  • Feb 18, 2014 3:46am Feb 18, 2014 3:46am
I sold G/J when the pinbar formed on H4, rejecting previous 171.37ish S/R. One of my favourite types of setups - pinbar after failure to break previous support and it becoming resistance (and vice versa). In addition to that, this one already acted once as resistance.

Currently at around +90 pips, don't have a chart. Now the problem is, where to TP. PA is soon to hit lower channel edge, but should be a H4 swing trade and channel break...

EDIT - Emmanuel I got stopped out on G/U just like you, but I reentered, on G/CAD as well.
  • #31,003
  • Feb 18, 2014 3:50am Feb 18, 2014 3:50am
Battle going on around the 100 SMA on GBPUSD hourly following CPI figures. Hope it goes lower as would confirm bearish looking top on the Daily. On H4 looks like a bounce trade.
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  • #31,004
  • Feb 18, 2014 3:57am Feb 18, 2014 3:57am
Recently took this EA H4 long trade purely based on TDI pointing between 12-2 O'clock, second candle and resistance area ahead.

Attached Image (click to enlarge)
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Please feel free to jump in and let me know if I picked a wrong trade, missed something or suggestions.

Regards
  • #31,005
  • Edited 5:02am Feb 18, 2014 4:13am | Edited 5:02am
Quoting MrAussieFX
Recently took this EA H4 long trade purely based on TDI pointing between 12-2 O'clock, second candle and resistance area ahead. {image} Please feel free to jump in and let me know if I picked a wrong trade, missed something or suggestions. Regards
Looked OK to me only that EURAUD has been in a 200+ pip channel for past week or so and the trade is approaching the upper limits of that channel. On my chart have a supply or resistance zone about 20+ pips above so perhaps wouldn't have taken it on H4 (not a pair I trade normally).

Might have been one to trade on the Hourly though as there was a signal/TDI at about 4am this morning GMT and would have got 70-80 pips out of it. I tend to move to lower timeframes if markets are a bit range bound. Benefit of hindsight I'm afraid though!
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  • #31,006
  • Feb 18, 2014 4:15am Feb 18, 2014 4:15am
Quoting emmanuel7788
{quote} Allow me to add some comments here while we wait for other traders who trade the original method reply. Trading Made Simple + 'Keep It Simple' will not give you the winning edge over the market. Go back to CHS method click link and learn the 5-Method and the 21/233 Method there , then come back to this thread where we discuss only the 5-Method. What then is your winning edge? Perhaps, my reply to that earlier post by FF member athan00 should have been: Any One make money .......

emmanuel

good day for all

why we canīt discuss 21-233 method here
whit you to learning more

shall we? or in an other thread

thanks
  • #31,007
  • Feb 18, 2014 5:12am Feb 18, 2014 5:12am
Quoting Amirsaid
{image}{image}
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Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-h4-fxdirectdealer.png Size: 57 KB


MY TRADE CLOSE +66 +35 tP


THANKS EMU
  • #31,008
  • Feb 18, 2014 5:15am Feb 18, 2014 5:15am
Stochs 14,7,3 or TDI?
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  • #31,009
  • Feb 18, 2014 5:16am Feb 18, 2014 5:16am
Quoting phx62
{quote} see post 30039 for the ea and a pdf explaining all the options.
thank you
king of ej 1h tf
  • #31,010
  • Feb 18, 2014 5:32am Feb 18, 2014 5:32am
Kiwi daily tf
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gu jsut for scalp because we have up bias
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au same but waiting to pa on centre line & trend up

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good luck
  • #31,011
  • Feb 18, 2014 5:44am Feb 18, 2014 5:44am
Quoting emmanuel7788
{quote} Hi 4Good, We see a price pull back or correction after last week bullish rally.There is no reversal seen yet as it will take another 2 days candles to confirm a bearish reversal. On my MN charts, there is a historicla swing level 1.6703 and this being tested now but the MN candle is not yet close. We should be watching in the lower TF to see how price reactsaround this levels and pick some small trades on H4 and also H1. {image} I did a H4 trade entry, sort of late entry as I missed the timing when that H4 IB closed. but the 3-bar reversal...
Emmanuel thank you so much for your analysis well your analysis make me see through.just entered that trade on a quick scrap am learning greatly thank you so much
  • #31,012
  • Feb 18, 2014 5:56am Feb 18, 2014 5:56am
Quoting hostwey
Stochs 14,7,3 or TDI? {image}

For me, it will the TDI over the Stochastics.
There are more characteristics in the TDI which can be easily added on for use in trading, for example, the Market Base Line, the Volatility Bands and the also how we use the RSI vs price behaviour explained in that book : RSI:The Complete Guide by John Hayden.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,013
  • Feb 18, 2014 5:59am Feb 18, 2014 5:59am
Made this trades on E/J. Potential trade, but my second trades had late entries and I was to nervous.

Best regards,

Fx94
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  • #31,014
  • Feb 18, 2014 6:00am Feb 18, 2014 6:00am
Quoting hostwey
{quote} Looked OK to me only that EURAUD has been in a 200+ pip channel for past week or so and the trade is approaching the upper limits of that channel. On my chart have a supply or resistance zone about 20+ pips above so perhaps wouldn't have taken it on H4 (not a pair I trade normally). Might have been one to trade on the Hourly though as there was a signal/TDI at about 4am this morning GMT and would have got 70-80 pips out of it. I tend to move to lower timeframes if markets are a bit range bound. Benefit of hindsight I'm afraid though! {image}...

Thanks hostwey, Could you please help me understand how to get the channel range on a particular pair.

Regards
  • #31,015
  • Feb 18, 2014 6:09am Feb 18, 2014 6:09am
Quoting Amirsaid
{quote} emmanuel good day for all why we canīt discuss 21-233 method here whit you to learning more shall we? or in an other thread thanks

Hi Amirsaid,

When eelfranz decided to start this Trading Made Simple thread, it was for the sole purpose to discuss the 5-Method only and that is the reason for this thread title Trading Made Simple with the 5-Method.

I am not in the position to change that and out of respect for him, I don't think we should change that either. If anyone wants to learn the 21/233 Method, he/she can do so and go back to the CHS thread or start a new thread. I don't trade the 21/233 method because my COWABUNGA days are long over.

I think TMS or the 5-Method here still has room for improvements and get even better so long as we focus in the core of the method and develop it into a personalised winning system.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,016
  • Feb 18, 2014 6:20am Feb 18, 2014 6:20am
Quoting emmanuel7788
{quote} For me, it will the TDI over the Stochastics. There are more characteristics in the TDI which can be easily added on for use in trading, for example, the Market Base Line, the Volatility Bands and the also how we use the RSI vs price behaviour explained in that book : RSI:The Complete Guide by John Hayden.
Thanks I've installed another TDI which has all the other indicators in it.
  • #31,017
  • Feb 18, 2014 6:25am Feb 18, 2014 6:25am
Quoting buster48
{quote} Hi emmanuel.or any one ,at the risk of being shot down in flames and to save me going back over 31000 posts ,could you tell me (1) is the 12-2,4-6 eastern time (2) I see from your chart you've ditched the Ema,so is it not of much value on this strategy ? (3) I also notice you don't have stochastic on your chart so again do you think its not that worth while? (4) lastly are the yellow and blue lines on your TDI bollinger bands ,or something else..I really appreciate any help and sorry if its been said before.Great thread thanks to all,

Hey buster48,

Okay, now I shall attempt to answer your questions.

1) The TDI 12-2 and 4-6 has nothing to do with real time clock. It is a reference we make using the analog clock face. See post #30,969

2) Yes, I had dropped the 5EMA shift+3 to make trade decisions simpler for myself. One less indicator, I have less in my trade setup checklist to answer.

3) Stochastics is an option when we want to make the 5-Method simpler. It is use only as another confirmation to the TDI cross setup. I also dropped that from my setup checklist.

4) The TDI yellow line is the Market Base Line and the blue lines is part of the Volatility Bands. You need to read up on the TDI here in this thread.

Now, may I suggest you do the following; Click on this link below, and you will see all the posts by our late OP eelfranz, with charts attached with his comments. Read each of these posts.

http://www.forexfactory.com/search.php?searchid=8650453

Note:dropping both the 5EMA and the Stochastics mean I rely more on Price Actions setups using Candlestick or Bar Patterns. This is more effective than reliance on technical indicators for setups.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,018
  • Feb 18, 2014 6:32am Feb 18, 2014 6:32am
Quoting Lane
I sold G/J when the pinbar formed on H4, rejecting previous 171.37ish S/R. One of my favourite types of setups - pinbar after failure to break previous support and it becoming resistance (and vice versa). In addition to that, this one already acted once as resistance. Currently at around +90 pips, don't have a chart. Now the problem is, where to TP. PA is soon to hit lower channel edge, but should be a H4 swing trade and channel break... EDIT - Emmanuel I got stopped out on G/U just like you, but I reentered, on G/CAD as well.

Hi Lane,

I really hate myself today over GU. I took my eyes off the intrady chart and missed a good entry using 3-bar reversal setup and now we see a re-test of 1.6703 and bounce back downwards....
Attached Image (click to enlarge)
Click to Enlarge Name: GU mised opportunities.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,019
  • Feb 18, 2014 6:56am Feb 18, 2014 6:56am
Quoting Amirsaid
{quote} {image}{image} MY TRADE CLOSE +66 +35 tP THANKS EMU

Nice EG trade, but there were other opportunities ...classic H4 type trades
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,020
  • Feb 18, 2014 7:08am Feb 18, 2014 7:08am
Can I check with you guys how do you manage your different charts for a pair? For example for Emmanuel I noticed you have a few different chart templates, 1 for ABP, another for candlesticks, one with all the S/R lines drawn in etc. Would love to hear how you'd go about plotting and managing your charts, thanks!
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