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Trading Made Simple

  • #31,861
  • Mar 6, 2014 3:10pm Mar 6, 2014 3:10pm
Just found this thread and reading it. I would like to ask a question risking to sound lazy , Im not but this thread is kilometric so here I go.

In your experience, when are the majority of signals given? Im on GMT -7 and as Im analyzing charts majority of signals are triggered when Im sleeping.

Which pairs are more recommended?

Thanks in advance
  • #31,862
  • Mar 6, 2014 3:19pm Mar 6, 2014 3:19pm
What do you think of this entry?
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  • #31,863
  • Mar 6, 2014 3:49pm Mar 6, 2014 3:49pm
Quoting dotnetfreak
What do you think of this entry? {image}
I got in @1.6321. Got stopped out because I had my trade manager set the stop to BE+2 when 15 pips in profit. Hm, was a bit tooooo narrow stop ...
Posting Demo charts, mirroring some of them live.
  • #31,864
  • Mar 6, 2014 5:07pm Mar 6, 2014 5:07pm
Quoting donbeto
{quote} Hi emmanuel7788, How do you establish those levels on your chart? Do you do that manually or do you use a special indicator? donbeto

Hi donbeto,

Those EP SL TP lines are drawn manually using MT4 scripts.

Read post #22,363. and download there.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,865
  • Mar 6, 2014 5:17pm Mar 6, 2014 5:17pm
Quoting Phx62
The latest channel for EUR/AUD on a H4 chart. As you can see by the gray lines inside the channel, there have been numerous opportunities to trade.{image}

Phx62,

I can see clearly how you draw those channels now.
Thank you for taking time and post them.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,866
  • Edited 6:02pm Mar 6, 2014 5:24pm | Edited 6:02pm
Quoting itsallover
{quote} mci, It would be interesting to see how PA reacts to this trendline. This is the EG Daily chart. {image}

Hi itsallover,

EG is approaching that trendline you mentioned... are you following?

Attached Image (click to enlarge)
Click to Enlarge Name: EG D chart week 10 7 Mar.png Size: 49 KB


regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,867
  • Mar 6, 2014 5:34pm Mar 6, 2014 5:34pm
Quoting lastingwell
{quote} Perhaps if a better channel is there, it will move to that one, depending on how price has moved. In fact I redraw channels all the time if I draw them myself so I can't say that its any worse than anything else "repainting". In fact the EA channel didn't even move let alone repaint until price went through the bottom of it the other day. It still remains a very good way of seeing support and resistance without being bogged down too much with drawing them ourselves on lots of different pairs. If people getting too bogged down with repainting...
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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you missed the complete point what I posted with that two charts above.
please show me some charts examples of the TDI repainting itself.

since you can trade with the SHI channel, good for you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,868
  • Mar 6, 2014 5:38pm Mar 6, 2014 5:38pm
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Hi,
one trade for today,
thank you all, specially Emmanuel
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  • #31,869
  • Mar 6, 2014 5:40pm Mar 6, 2014 5:40pm
Quoting Fx94
Hello, This trade is just a demo one, but i have a question about it. I took it on the second candle after a TDI cross up. The blue was a BUEB and the TDI signal was near 32 line. I know that the daily trend is downside, but i thougt that this is a reversal formation. Should i hold it ? I also thought to enter live, when the high of the first blue candle is broken. Perhaps it happens. Best regards, Fx94 {image}

Fx94:

Looking at your chart, that blue candle is an BUOB bullish outside bar and also a WRB wide range bar.
I am always cautious to trade after a WRB.... first sign of consolidation.
Like what Big E said, look for consolidation ... then look for the setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,870
  • Mar 6, 2014 5:43pm Mar 6, 2014 5:43pm
Quoting Hcp
Hi, one trade for today, thank you all, specially Emmanuel {image}

Hcp,

Good trading week/day we see here. Many traders here make pips.
Just keep following this thread discussions here and particpate. Lots more to learn.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,871
  • Mar 6, 2014 5:45pm Mar 6, 2014 5:45pm
Quoting fxFox.mb
{quote} Hey Bizzzle, can you "see" in Drahgi's head? I was doubtful that EURJPY will run that far, but with the help of news it pushed up. But ok, trying not to resist that the market couldn't go further, I took the signals as they are, with a little luck for the first and good luck for the 2nd trade was not stopped out. EURJPY H1 1st trade -7 (breakout trade) 2nd trade +overall 74 pips (exited in to parts, PCRF and master candle breakout) {image}

fxFox.mb:

Excellent A+++ trade that plus 74pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,872
  • Edited 6:22pm Mar 6, 2014 6:10pm | Edited 6:22pm
SHi Channel update:

Here we see how the SHI Channel indicator works.
This one reason why I ditched this indicator after trading with it during X-man's S3 H4 days.

Just follow the 3 charts below.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,873
  • Mar 6, 2014 6:58pm Mar 6, 2014 6:58pm
I decided to close my AU trade as it couldn't seem to break through the .91000 level. I will re-enter a new long if it pushes through this level as i still think it will rise due to the head and shoulders pattern on the weekly TF. Of course we trade what we see not what we think will happen. Its thursday evening so i'm sure things are gearing down for the week, but we shall see next week. +105 Pips.
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  • #31,874
  • Mar 6, 2014 8:16pm Mar 6, 2014 8:16pm
Quoting Agk007
I decided to close my AU trade as it couldn't seem to break through the .91000 level. I will re-enter a new long if it pushes through this level as i still think it will rise due to the head and shoulders pattern on the weekly TF. Of course we trade what we see not what we think will happen. Its thursday evening so i'm sure things are gearing down for the week, but we shall see next week. +105 Pips. {image}
Good trading and management, best luck
I Have Learned to Take Some Losses to Make Profits
  • #31,875
  • Mar 6, 2014 10:51pm Mar 6, 2014 10:51pm
Quoting Andyvix833
TMS - This method works. If I can make pips using this, you can too. If you follow the rules from "Big E"..... that's all you need to make pips.
hi andy, emmanuel and other experienced traders of this method.
i noticed on the 4h tf and the daily tf, the green line repaints on my forward testing.
so, when i find what appears to be good trades based on the new cross and angle, some of them at the end of the perior (4h or daily), ended up opposite.
when there is a reversal on that particular candle, the repaint can be dramatic. so what appeared to be a good buy at the beginning of the candle could very well end up as an exit or not even an entry at the end of the tf. unless i made a mark on the chart of the previous tdi price line, i would have thought i was too dumb to even follow the method.
this limited my initial excitement of doing the back testing. i was so excited during the back testing that i finally find an easy method that really makes pips in higher tf.

question to the experienced traders using this method:
how do you deal with the repainting of the green line?
does this happen a lot?
does this change the way you trade the method (e.g., in the 4htf, do you wake up in the middle of the 2h to check if the trade is still valid?)

thank you all in advance.
  • #31,876
  • Edited 11:16pm Mar 6, 2014 11:06pm | Edited 11:16pm
Pipmeister - While TDI cross it's a good confirmation, there are other fundamental things you need to observe and be aware of before you enter a trade. Quoting Big E's post.

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If you look at newer posts, you'll see that each traders have their own things added to their charts. While they may look confusing, at the very core those things are telling each of us the same story. Trend, momentum, support/resistance and time of day for volatility being the most important for me personally.

By the way, keep yourself inspired! There are many members who makes consistent pips with this method and they are truely inspiring. Phx62, Emmanuel, Imi, Fox, to name a few. Follow their posts, see their trades, learn from them and imagine yourself to one day being as consistent. It's going to be a long journey but you will not be alone mate.
Everything you can imagine, is real - Pablo Picasso
  • #31,877
  • Mar 6, 2014 11:18pm Mar 6, 2014 11:18pm
Quoting emmanuel7788
{quote} {image} {image} you missed the complete point what I posted with that two charts above. please show me some charts examples of the TDI repainting itself. since you can trade with the SHI channel, good for you.
I don't think I need to put up examples, its already been done many times by Xaphod http://www.forexfactory.com/showthread.php?t=294327 and it depends on which one is used, but if people use the original tdi, or tdi red/green then looking back after refreshing the charts will not show where the tdi was crossed at the time they would have put the trade in, it will have moved. Someone then backtesting will think they could have got into the trade earlier than they actually could have done. Which probably explains why a lot of people try out the tdi backtest it, it looks great then they trade it live and find they can't get the same results if they are solely looking for the cross which a lot of people do.
  • #31,878
  • Mar 7, 2014 1:19am Mar 7, 2014 1:19am
I was watching this free webminar and thought his entry pattern had the same idea as PCRF. Check it out if you're interested. Please ignore the paypal pay thing on the page.

http://www.fxjake.com/home.html
Everything you can imagine, is real - Pablo Picasso
  • #31,879
  • Mar 7, 2014 2:06am Mar 7, 2014 2:06am
EG H4 trade update:

With the last H4 candle closing a Bullish Outside Bar BUOB, I decided to move stop to protect +2R and push final TP to the upper channel.

Attached Image (click to enlarge)
Click to Enlarge Name: EG H4 WEEK 10 trade update 7 Mar.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,880
  • Mar 7, 2014 2:07am Mar 7, 2014 2:07am
Quoting Direwolf
I was watching this free webminar and thought his entry pattern had the same idea as PCRF. Check it out if you're interested. Please ignore the paypal pay thing on the page. http://www.fxjake.com/home.html

good video to watch...

thanks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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