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Trading Made Simple

  • #37,341
  • May 11, 2014 5:15am May 11, 2014 5:15am
Quoting Helee
{quote} Excellente Emmanuel, Thax a lot, i was wondering how to add that ema into TDI. Thx you
Its been shown quite a few times on here, here is the easiest way to see the mbl: http://www.forexfactory.com/showthre...29#post7457629
  • #37,342
  • May 11, 2014 5:28am May 11, 2014 5:28am
Quoting lastingwell
{quote}Its been shown quite a few times on here, here is the easiest way to see the mbl: http://www.forexfactory.com/showthre...29#post7457629

Hi Lastingwell,

Thx a lot for that info, but i wasnt refering to that. TDI i have it and various with differents colors as it shows me HTF´s and EMA´s and ..... other things.

It was in how to add an ema into the TDI... or into Stoch.


Thank you

Take care
  • #37,343
  • May 11, 2014 5:30am May 11, 2014 5:30am
Quoting Helee
{quote} Hi Lastingwell, Thx a lot for that info, but i wasnt refering to that. TDI i have it and various with differents colors as it shows me HTF´s and EMA´s and ..... other things. It was in how to add an ema into the TDI... or into Stoch. Thank you Take care
Oh ok, as you quoted the talk about the mbl thats what I thought you were referring to.
  • #37,344
  • May 11, 2014 5:36am May 11, 2014 5:36am
USDCAD
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Sad i'm not trying to understand PA
  • #37,345
  • May 11, 2014 8:34am May 11, 2014 8:34am
Quoting stevepatt
{quote} The USD/CAD trade hit it's targets The USD/CHF trade hit it's first TP and the reversed on me. The three trades closed out for 399 pips, in total, which sounds impressive but that is equal to 2.11 R less than 1R per trade which isn't so impressive. It's important to know what percentage of return those 399 pips are making to your bank and not just the pip count. The R factor is something I need to work on but with the market as it is at the moment that's not so easy. {image} {image}

I agree with Steve.
For me, R is more important than the pips.
Position sizing strategy works out better in long term trading with R and R-Multiple.

interesting post here:
http://www.forexfactory.com/showthread.php?t=483966
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,346
  • May 11, 2014 8:41am May 11, 2014 8:41am
Quoting stevepatt
{quote} Hi Emmanuel, The image below shows what I would rather be looking for. Like jmn5611, said above, divergence usually means going against an established trend, personally I'm not comfortable doing this without good PA to support it. I would much rather get into a trade early after a pull back in an established trend and then enter with a Stop Order. {image}

Thanks Steve and Jmn5611 for your responses.

Will be following this pair this week and see if we have change in the primary trend which is still bullish.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,347
  • Edited 12:00pm May 11, 2014 11:41am | Edited 12:00pm
AUDUSD...DAILY

ABC Pattern

EURJPY...HEAD & SHOULDER ?
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Sad i'm not trying to understand PA
  • #37,348
  • May 11, 2014 1:35pm May 11, 2014 1:35pm
Quoting emmanuel7788
{quote} asaljay: You add a 34-period simple moving average to the RSI(13) data and call that the Market Base Line MBL. You can add any moving avarage to any inicator, watch this video. http://www.compassfx.com/video/ip/112111/112111.html lots of training videos at that webstite on the Traders Dynamic Index TDI, the heart of this Trading Made Simple TMS 5-Method thread. So if you want to trade this simple method, you got to learn the characteristics of the TDI well. You should know what you are trading here. Keep...
When opportunity arises I take green crosses over the yellow MBL line. Say if a green over red isn't steep enough but is at yellow I'll take it. E did not use the yellow line at all.
  • #37,349
  • May 11, 2014 3:43pm May 11, 2014 3:43pm
Quoting stevepatt
{quote} The USD/CAD trade hit it's targets The USD/CHF trade hit it's first TP and the reversed on me. The three trades closed out for 399 pips, in total, which sounds impressive but that is equal to 2.11 R less than 1R per trade which isn't so impressive. It's important to know what percentage of return those 399 pips are making to your bank and not just the pip count. The R factor is something I need to work on but with the market as it is at the moment that's not so easy. {image} {image}
Whenever you split a trade, you distort the pip count. Percentage gain or loss should be the only thing that really counts, as you correctly state.

RR is also distorted when a trade is split up. If you have a trade with an initial stop loss of 2% and then at 1:1 point, you take off half and move to BE, you have gained 1% and the rest carries on. If it goes back to BE then you have an RR of 1:0.5, if it carries on to twice the initial stop loss you then have a R:R of 1:1.5 not 1:2. If you take off more further along, it diminishes at a faster rate. If we state we have an initial stop loss of 50 pips, don't split the trade and gained 50 pips then we have a straight 1:1, if we split the trade up then the number of pips should be added together as you have done and divided by the number of trades to reach an average which is the correct way to do it. If we count R:R and then split the trade, we should work out the initial risk (for instance 2%) and then the actual gain on the whole trade which would give us the true R:R.
  • #37,350
  • May 11, 2014 11:35pm May 11, 2014 11:35pm
Nice Pinbar on the same event area where previous big move happened after pinbar, also confirmed by tdi cross on Gold H4.
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  • #37,351
  • May 12, 2014 12:01am May 12, 2014 12:01am
GJ short for me. EJ seems good but with Euro having bad news lately, ill stave off for now.
  • #37,352
  • May 12, 2014 12:29am May 12, 2014 12:29am
Quoting lastingwell
{quote} Whenever you split a trade, you distort the pip count. Percentage gain or loss should be the only thing that really counts, as you correctly state. RR is also distorted when a trade is split up. If you have a trade with an initial stop loss of 2% and then at 1:1 point, you take off half and move to BE, you have gained 1% and the rest carries on. If it goes back to BE then you have an RR of 1:0.5, if it carries on to twice the initial stop loss you then have a R:R of 1:1.5 not 1:2. If you take off more further along, it diminishes at a faster...
I've noticed most people on the thread give their results in pips won without knowing what the SL was doesn't mean anything.

I'm still working on the best trade management, do I have multiple TPs and move my SL to BE, or a set SL and TP and let the market hit one or the other, or a SL and TP and move the SL to BE after the trade moves so far.

Pipmeup made a good post here Post 17 about trade expectancy.

Here is the link to his PDF on trade expectancy Post 1
  • #37,353
  • May 12, 2014 1:03am May 12, 2014 1:03am
Quoting stevepatt
{quote} I've noticed most people on the thread give their results in pips won without knowing what the SL was doesn't mean anything. I'm still working on the best trade management, do I have multiple TPs and move my SL to BE, or a set SL and TP and let the market hit one or the other, or a SL and TP and move the SL to BE after the trade moves so far. Pipmeup made a good post here Post 17 about trade expectancy. Here is the link to his PDF on trade expectancy Post...
Thank you for that link, I'll take a look at the pdf a bit later on. Its always a difficult question, and one I think that can only be worked out according to your own trading plan and what you find is better for you. phx62 has an emergency stop loss of 50 pips and a take profit of 50 which looks like 1:1 but if you were to look at his actual R:R it is probably far better than that because he very rarely lets the stop loss get hit. I think it can only be worked out after x number of trades, for instance if you very often get taken out a BE and then price moves in your direction anyway, take out the BE and leave the stop loss where it is, etc etc what works for one will not necessarily work for another.
  • #37,354
  • May 12, 2014 2:04am May 12, 2014 2:04am
Quoting stevepatt
{quote} I've noticed most people on the thread give their results in pips won without knowing what the SL was doesn't mean anything. I'm still working on the best trade management, do I have multiple TPs and move my SL to BE, or a set SL and TP and let the market hit one or the other, or a SL and TP and move the SL to BE after the trade moves so far. Pipmeup made a good post here Post 17 about trade expectancy. Here is the link to his PDF on trade expectancy Post...
You are completely right you got to know how much you risk in order to count how much you won in comparison.

I really understand the R factor but when i open a position according to that stategy then when the price moves some pips in my favour i try to move SL to BE but the breathing space is very small for D1 charts that i trade.
On the other hand if i don't move to BE i am afraid that after some pips in my favour the price will go against me and i will finish with a loss.\

So there is the dilema for me leave the initial SL and TP or customize them . But if you customize even if you had in the beggining of the trade 2R after customization you lose that factor , while if the price will move directly from the beggining in the opposite way then R factor remains but in minus.

I am trying with backtesting to find golden section. If you have any suggestions will be much appreciated.

Good trades to all.
  • #37,355
  • Edited 3:11am May 12, 2014 2:04am | Edited 3:11am
Pair: EA (15-May 14)

Possible to short at the close of this candle (yellow arrow) due to PA only? Not suitable due to it's a sideway and TDI at OS? Feedback needed .
Note: Purple box is Lon session.

Thank you
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  • #37,356
  • May 12, 2014 3:20am May 12, 2014 3:20am
Quoting pastecopy
Pair: EA (15-May 14) Possible to short at the close of this candle (yellow arrow) due to PA only? Not suitable due to it's a sideway and TDI at OS? Feedback needed . Note: Purple box is Lon session. Thank you {image}
Hi Pastecopy,

If you are trading intra-day it's better to trade the London New York sessions.

Take a look at EUR/AUD on W1 and D1 do you see the support it's not a good idea to short from here on H1 what ever the TDI is telling you.
  • #37,357
  • May 12, 2014 3:24am May 12, 2014 3:24am
Quoting pastecopy
Pair: EA (15-May 14) Possible to short at the close of this candle (yellow arrow) due to PA only? Not suitable due to it's a sideway and TDI at OS? Feedback needed . Note: Purple box is Lon session. Thank you {image}
The TDI also didn't confirm a short.
  • #37,358
  • May 12, 2014 3:25am May 12, 2014 3:25am
Quoting pastecopy
Pair: EA (15-May 14) Possible to short at the close of this candle (yellow arrow) due to PA only? Not suitable due to it's a sideway and TDI at OS? Feedback needed . Note: Purple box is Lon session. Thank you {image}
EURAUD is at a demand level even on the longer time frames, so the odds are more likely in favour of buyers at the moment, even though this pair has been in a downtrend.

Also note the rising TDI on the hourly which has moved above the MBL.

Not a high probability short IMHO.
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  • #37,359
  • May 12, 2014 3:56am May 12, 2014 3:56am
GBPJPY week20 H4 trade 12May

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,360
  • May 12, 2014 3:59am May 12, 2014 3:59am
Quoting stevepatt
{quote} I've noticed most people on the thread give their results in pips won without knowing what the SL was doesn't mean anything. I'm still working on the best trade management, do I have multiple TPs and move my SL to BE, or a set SL and TP and let the market hit one or the other, or a SL and TP and move the SL to BE after the trade moves so far. Pipmeup made a good post here Post 17 about trade expectancy. Here is the link to his PDF on trade expectancy Post...

Thanks Steve.

That pdf on Expectancy is excellent. Must read.
The best way to determine how good a trading system is by using the Expectancy.

regards,

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