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Trading Made Simple

  • #39,561
  • Jul 8, 2014 11:07am Jul 8, 2014 11:07am
jmflukeiii, nice trade on 15 min chart. That divergence was great. I never seem to notice those things. Bad on me. New to the forum and noticed all the green and yellow numbers on the lower left of your chart. What's the indicator called and what do the numbers stand for?
  • #39,562
  • Jul 8, 2014 11:23am Jul 8, 2014 11:23am
Quoting jmflukeiii
I'm long on UJ, half size though as the session is over for the most part. Might bring in the target a bit - Three Drives + Divergence + TDI-X + Retest {image}

When I started trading I started on the 4H and D1 TFs but wanted more action from the lower TFs.

It took me two years to realise my mistake I should have stuck with the H4 and D1 and saved myself a lot of grief.

If you do trade the lower TFs you want to be trading in line with the higher TFs; the USD/JPY trade you took is at the end of the day and going against the longer term D1 trend it would be much less stress to wait for a pull back on the 15m chart and trade in the direction of the D1 TF
  • #39,563
  • Jul 8, 2014 11:43am Jul 8, 2014 11:43am
Quoting TheScorpS
{quote} What I understand from the chart is that u can look for PA and TDI on higher time frame to be in the OB or OS zones ie 68 and 32 and then look on lower time frame to go in the opposite direction ie On the GU chart, TDI and PA was in the OB zone 68 then a trade can be taken based on TDI cross on PA to go short on lower time frame ie H1 Is that when you meant?
No, if D1 @O/B or O/S i normally wait and not get in any trade. those pink lines i posted earlier just to show u that i made mistakes not paying attentions to D1 and just got in (against trend obviously) because I wanted to go short at the top and got stopped out twice.
Appreciation is the key to wealth and happiness
  • #39,564
  • Jul 8, 2014 12:04pm Jul 8, 2014 12:04pm
Quoting stevepatt
{quote} Hi jmn, My aim is to trade pure PA, with minimal indicators, looking to trade with the prevailing trend after pull backs to support/resistance levels. In theory this is easy but putting it into practice on a live chart is not so easy. I'm using TMS as a means of executing trades whilst still looking to be trading with the trend after pull backs to support/resistance levels.
Thank you for your answer Steve.
If you are good at something, never do it for free--Joker
  • #39,565
  • Jul 8, 2014 12:08pm Jul 8, 2014 12:08pm
Quoting pips29
{quote} just studying what you are preaching.. Did you not take a short here (ellipse)? Nice candle and nice cross ??? No wonder you are making $ {image}
No actually I shut down my platform a little early took profit and went to bed.
If you are good at something, never do it for free--Joker
  • #39,566
  • Jul 8, 2014 12:08pm Jul 8, 2014 12:08pm
Quoting pivotpower
Pips, on your NUSD trade, I see you have a ADR indicator. Do you know if its available for MT4 platforms? What parameters did you use to place that trade and how long do you expect to keep it? I'm new to trading and to this forum, but I suppose you could tell that!
Use the paperclip at the top of this thread and you will find everything you need to trade TMS. My setting is 30 days. I can't determine when I get out. Only price can tell me that. I do not have a stone to time entry and exit like someone has. Feel free to ask more questions and I will give my best in answering them. I won't bring out posts from thread owner as I assume you have read TMS and if you haven't, I would advise you to do it immediately. Otherwise you would not understand what others are talking about, cheers
the cautious seldom err....C
  • #39,567
  • Jul 8, 2014 12:13pm Jul 8, 2014 12:13pm
Quoting stevepatt
{quote} When I started trading I started on the 4H and D1 TFs but wanted more action from the lower TFs. It took me two years to realise my mistake I should have stuck with the H4 and D1 and saved myself a lot of grief. If you do trade the lower TFs you want to be trading in line with the higher TFs; the USD/JPY trade you took is at the end of the day and going against the longer term D1 trend it would be much less stress to wait for a pull back on the 15m chart and trade in the direction of the D1 TF
I don't want more action; I want better consistency. I have not been able to prove that I can find that on the HTFs as of yet. I'd like to, so as to supplement my day trading, but have found that my original, proven belief that it is much simpler to anticipate the movement of the market over the next hour than the next day or two holds true.

I do appreciate your response though - I am trying (on demo) to figure out the HTF trades, and appreciate the input. AS for trend, however, I myself wouldn't classify this daily chart as trending anywhere:
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpydaily.png Size: 72 KB
Small disciplines repeated with consistency lead to great achievements.
  • #39,568
  • Jul 8, 2014 12:15pm Jul 8, 2014 12:15pm
Quoting pips29
{quote} Gotta wait for Jmn. He's got the winners!
I win because I follow the system exactly as it is meant to be traded. I have even gone so far as go all the way back to Compass FX where big e started to find out why he stripped the template down and only trades specific timeframes during specific times of the day. The idea is to catch momentum as it is beginning to move price and when that momentum stops moving price it is time to exit.

I am coming to believe some people just like to lose money. They would rather be right than make money.
If you are good at something, never do it for free--Joker
  • #39,569
  • Jul 8, 2014 12:26pm Jul 8, 2014 12:26pm
Right guys,

Everyone has posted about how they won today. I will be the first to show my losses for today

GBP/USD - D1 Chart - Entered on 2nd candled I followed the rules of stoch and tdi following same downtrend. Entered on 2nd candle for short. Outcome- Lost.

Attached Image (click to enlarge)
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EURO/USD - H4 Chart - Ignore red line. Again entered on 2nd candle, both indys giving downtrend. entered for short on 2nd candle. outcome - Lost

Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 72 KB



could you guys guide me on how this has happened? or what i have done wrong
Skype ID - jagpal.kooner1
  • #39,570
  • Jul 8, 2014 12:32pm Jul 8, 2014 12:32pm
Again I see this setup on GBP/USD Daily as a short. Would anyone take this?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 187 KB




ZOOM OUT OF CHART - Showing uptrend :-/

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 197 KB
Skype ID - jagpal.kooner1
  • #39,571
  • Jul 8, 2014 12:37pm Jul 8, 2014 12:37pm
Quoting jagpalsingh
Right guys, Everyone has posted about how they won today. I will be the first to show my losses for today GBP/USD - D1 Chart - Entered on 2nd candled I followed the rules of stoch and tdi following same downtrend. Entered on 2nd candle for short. Outcome- Lost. {image} EURO/USD - H4 Chart - Ignore red line. Again entered on 2nd candle, both indys giving downtrend. entered for short on 2nd candle. outcome - Lost {image} could you guys guide me on how this has happened? or what i have done wrong
1. Did you enter at the start of the second candle?

2. Where is your stop loss?

3. What time of day did you trade?

4. Try taking a screen shot at the time of the trade so it can be seen.
If you are good at something, never do it for free--Joker
  • #39,572
  • Jul 8, 2014 12:44pm Jul 8, 2014 12:44pm
Quoting jmn5611
{quote} 1. Did you enter at the start of the second candle? 2. Where is your stop loss? 3. What time of day did you trade? 4. Try taking a screen shot at the time of the trade so it can be seen.
1. Yes Start of the candle.

2. My stop loss was 2% of my account which is 33pips (£2) account is £100

3. UK time as i am from uk 11.30/10.00

4. Them screenshots were from the time i put the trade in exactly then

I do not understand what I have done wrong :-S
Skype ID - jagpal.kooner1
  • #39,573
  • Jul 8, 2014 12:46pm Jul 8, 2014 12:46pm
Quoting jagpalsingh
Again I see this setup on GBP/USD Daily as a short. Would anyone take this? {image} ZOOM OUT OF CHART - Showing uptrend :-/ {image}
Yes, but I would have taken partial profit before moving negatively. At one point it was +46 or so. I might have wrong chart here. I mean the GU short image.
  • #39,574
  • Jul 8, 2014 1:11pm Jul 8, 2014 1:11pm
Quoting dforant1
{quote} Yes, but I would have taken partial profit before moving negatively. At one point it was +46 or so. I might have wrong chart here. I mean the GU short image.

Can u post up the graph pic
Skype ID - jagpal.kooner1
  • #39,575
  • Jul 8, 2014 1:13pm Jul 8, 2014 1:13pm
Quoting jagpalsingh
{quote} 1. Yes Start of the candle. 2. My stop loss was 2% of my account which is 33pips (£2) account is £100 3. UK time as i am from uk 11.30/10.00 4. Them screenshots were from the time i put the trade in exactly then I do not understand what I have done wrong :-S
Your stop loss should be at the last swing high or low. A stop of 33 pips is wayyyy too tight. Your risk level is appropriate however. Why are you not trading on demo?
If you are good at something, never do it for free--Joker
  • #39,576
  • Jul 8, 2014 1:30pm Jul 8, 2014 1:30pm
Quoting jagpalsingh
{quote} Can u post up the graph pic
it is your post 39579.
  • #39,577
  • Jul 8, 2014 1:35pm Jul 8, 2014 1:35pm
Quoting jagpalsingh
Again I see this setup on GBP/USD Daily as a short. Would anyone take this? {image} ZOOM OUT OF CHART - Showing uptrend :-/ {image}
Jag. In essence the TDI is a moving average crossover system, sometimes these crossovers work and sometimes not. However you can increase your chances. You went short against a prevailing uptrend. If you want to increase your chances of a successful trade then ignore TDI crosses that are against the prevailing trend and just take crosses that are with the trend. If you do that then immediately two things will happen, you'll increase your percentage chances of the trade working out and the number of pips you'll get with a trend-following trade will be more than you'll get with a counter-trend trade. Not saying you can't trade counter-trend, just saying a trend trade is better and likely to be more successful and profitable.

What you want to be doing is simple and as old as trading itself: buy the dips and sell the rallies in the prevailing trend. Here's what to look for: in an uptrend the candles will be predominately blue, then you'll get a pull-back caused by profit-takers. So you'll get maybe 4-6 red candles, then if the uptrend continues you'll see blue candles forming (and probably a TDI cross). Try and get in on the second blue candle. Two things can then happen: either the trend continues or it stalls and you get no continuation or follow-through. If that happens get out of the trade for probably a few pips loss. Vice-versa for a short trade. It's a percentage game, some you'll close out and others you'll let run. It's simple but not always easy, even experienced traders get losses all the time, just more winners than losers. Wait for the right set-up and just take the A++ trades. If you want to see some good examples of someone who trades like this then look at Stevepatt's posts on this thread, his charts are clear and uncluttered and his explanations simple and easy to follow. Good luck with your trading.
  • #39,578
  • Jul 8, 2014 1:43pm Jul 8, 2014 1:43pm
hi, everybody, does anyone know of an indicator which will alert me if TDI green is crossing red or bouncing off red for ALL timeframes of a pair, meaning if I attach the indicator to a chart it will monitor ALL timeframes (NOT just one) for that pair? Kindly guide me. THX

Shuo
  • #39,579
  • Jul 8, 2014 2:58pm Jul 8, 2014 2:58pm
Quoting Tanglewood
{quote} Jag. In essence the TDI is a moving average crossover system, sometimes these crossovers work and sometimes not. However you can increase your chances. You went short against a prevailing uptrend. If you want to increase your chances of a successful trade then ignore TDI crosses that are against the prevailing trend and just take crosses that are with the trend. If you do that then immediately two things will happen, you'll increase your percentage chances of the trade working out and the number of pips you'll get with a trend-following...


Thank you that makes so much sense!

In other terms we could say is buying pips "on sale" and selling when full price again. I would have better chances if i took the last forming candle or the first green candle after the set of reds and let the momentum of the trend carry my pips? If its a down trend and see a few green candles could take them but its best to wait for the red and let the main trend come back and get back in then, and vice versa.

When i place a trade i got 4-5 pips in minus already is that normal?

I have a alpari account which operates 8am-5pm or 6pm, what time does the H1, H4, D1, W1 candle come out for us in the UK?? 8am? Also what else is happening is sometimes i catch the candle forming i place a order but it takes the price of that closed candle.
Skype ID - jagpal.kooner1
  • #39,580
  • Jul 8, 2014 3:03pm Jul 8, 2014 3:03pm
Quoting zhangshuo
hi, everybody, does anyone know of an indicator which will alert me if TDI green is crossing red or bouncing off red for ALL timeframes of a pair, meaning if I attach the indicator to a chart it will monitor ALL timeframes (NOT just one) for that pair? Kindly guide me. THX Shuo
This should work.
Attached File(s)
File Type: mq4 TDI_mtf+alerts b600+.mq4   20 KB | 406 downloads
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