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Trading Made Simple

  • #39,941
  • Jul 19, 2014 5:25am Jul 19, 2014 5:25am
Quoting njokie
hi traders some help me with this statement by big E Always look at the TDI angle... 12-2 or 4-6 on a clock. If it's a weak 2 or 4 o'clock position... don't take the trade anyone with the clock or explanation using a chart?
i got it
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File Type: mq4 Clock_v1_2.mq4   16 KB | 464 downloads
thankyou gregwilson
  • #39,942
  • Jul 19, 2014 5:27am Jul 19, 2014 5:27am
Quoting manoj_3986
Two trade this week for me on EURJPY H4 1) BE 2) 120 Pips {image}
simply beautiful congrats buddy
thankyou gregwilson
  • #39,943
  • Jul 19, 2014 5:52am Jul 19, 2014 5:52am
Quoting njokie
{quote} simply beautiful congrats buddy
Thanks
  • #39,944
  • Jul 19, 2014 6:30am Jul 19, 2014 6:30am
Here is the CAD/JPY trade this week for 135pips.

Entry taken on the day chart as TDI crossed / moved out of the Overbought Zone (>68) and APB changed colour and PA left the Supply Zone.

Exit taken after PA hit 200EMA and retraced 30 pips. This takes patience to follow the TDI patterns and stay with the direction of the TSL and ignore the PA pull backs until a S/R level is reached. In this case 200EMA is a dynamic S/R level and price respected this and has now pulled back by 40+pips.

You could make an argument for staying in the trade, condering TSL has not flattened / RSI has not hooked, but the pips are in the bank and if the Day PA breaks and closes below the 200EMA again, it will be another opportunity.

It's not what you make - it's what you keep - the win/lose ratio is not important - the ratio of pips won / pips lost is the number to pay attention to.

If following this on H4, the entry could have been taken a few candles earlier, but I doubt that it would have been with the same result.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad jpy day 7-19-2014.gif Size: 26 KB
Click to Enlarge Name: cadjpyh4 7-19-2014.png Size: 39 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #39,945
  • Jul 19, 2014 9:00am Jul 19, 2014 9:00am
Quoting Britpip7
Here is the CAD/JPY trade this week for 135pips. ....{image} {image}
Thank you Sir for detailed explanation. These are samples for learning.Now, you mentioned "the entry could have been taken a few candles earlier, but I doubt that it would have been with the same result" - did you speak about entry in the June 29 area? ...So, what, actually, prevented you for taking long from there? Flattened PA?BTW, analyzing your trade on 4H chart I certainly agree with yours "This takes patience to ... stay with the direction of the TSL and ignore the PA pull backs until a S/R level is reached"... - for me personally it is "mastery" :-). Comment your "patience" in this case, as well, I would like to learn.Thank you in advance.
  • #39,946
  • Jul 19, 2014 9:01am Jul 19, 2014 9:01am
EA has possibilities for a move south and then there is around 200pips of open water until the next support levels.
Attached Image (click to enlarge)
Click to Enlarge Name: eurauddaily 7-19-2014.png Size: 60 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #39,947
  • Jul 19, 2014 9:08am Jul 19, 2014 9:08am
Quoting motosmile
{quote} Thank you Sir for detailed explanation. These are samples for learning.Now, you mentioned "the entry could have been taken a few candles earlier, but I doubt that it would have been with the same result" - did you speak about entry in the June 29 area? ...So, what, actually, prevented you for taking long from there? Flattened PA?BTW, analyzing your trade on 4H chart I certainly agree with yours "This takes patience to ... stay with the direction of the TSL and ignore the PA pull backs until a S/R level is reached"... - for me personally...
The main thing preventing me from an earlier entry was that it was a Sunday - I do not generally trade the Sunday candle, so this was taken off of the Monday NY open timeframe when the PA continued its move lower.

I only monitored this on the day charts, so was not watching what was happening on H4, otherwise there would have been too much temptation to exit on the first pull backs.

The Day Chart TSL is a very powerful trend indicator, so if it is running with a good angle, then PA will have a high probability of continuing until it meets a strong S/R level
"To live with Passion, it takes Courage and Grace to survive"
  • #39,948
  • Jul 19, 2014 11:10am Jul 19, 2014 11:10am
Quoting eelfranz
Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy. Important to study TDI entries...
hi, can someone explain to me how exactly we take a entry using TMS method, what did he mean by 'the beginning of that candle'? Because I don't think I am understanding Big E's rule very well. THX
  • #39,949
  • Jul 19, 2014 11:18am Jul 19, 2014 11:18am
Once you have a TDI cross, you need to verify the angle it is running at - Big E used a clock as an example - an angle of between 12 and 2 is good for longs, between 4 and 6 for shorts. For the magnification setting - zoom in as far as you can go, then zoom out twice.

with a TDI cross the PA will be moving in the same direction, so for this example = up.

Only enter on Candle 1 or Candle 2. Candle 3 is too far into the move as once the APB changes colour, it is good for 3 to 8 candles as an overall average.

If you look at the training charts that Eelfranz posted, these should give you lots of examples of text book TDI entries.
Attached Image
"To live with Passion, it takes Courage and Grace to survive"
  • #39,950
  • Jul 19, 2014 12:11pm Jul 19, 2014 12:11pm
Quoting Britpip7
Once you have a TDI cross, you need to verify the angle it is running at - Big E used a clock as an example - an angle of between 12 and 2 is good for longs, between 4 and 6 for shorts. For the magnification setting - zoom in as far as you can go, then zoom out twice. with a TDI cross the PA will be moving in the same direction, so for this example = up. Only enter on Candle 1 or Candle 2. Candle 3 is too far into the move as once the APB changes colour, it is good for 3 to 8 candles as an overall average. If you look at the training charts that...
hi, britpip, thx very much for your reply! So judging from what you said, it seems like we are using market orders, when we see tdi green crossing red with the right angles, we click buy/sell? If so, how do we do position sizing,etc?
sorry for these newbie questions! still tryng to get my head around this method.THX!
Shuo
  • #39,951
  • Jul 19, 2014 12:17pm Jul 19, 2014 12:17pm
Quoting Britpip7
Once you have a TDI cross, you need to verify the angle it is running at - Big E used a clock as an example - an angle of between 12 and 2 is good for longs, between 4 and 6 for shorts. For the magnification setting - zoom in as far as you can go, then zoom out twice. with a TDI cross the PA will be moving in the same direction, so for this example = up. Only enter on Candle 1 or Candle 2. Candle 3 is too far into the move as once the APB changes colour, it is good for 3 to 8 candles as an overall average. If you look at the training charts that...
Here is a second example where this time candle 3 retraced so it would have been too late to enter.

Good TDI cross from the 68 region - Candle 1 EOD would have been a good entry as would Candle 2. This trade was 135 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: TDI entry 2.gif Size: 14 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #39,952
  • Jul 19, 2014 12:20pm Jul 19, 2014 12:20pm
hi britpip, so we see a tdi cross we click buy/sell, that's it? I am not understanding how you determine your entry level?
  • #39,953
  • Jul 19, 2014 12:26pm Jul 19, 2014 12:26pm
Quoting zhangshuo
{quote} hi, britpip, thx very much for your reply! So judging from what you said, it seems like we are using market orders, when we see tdi green crossing red with the right angles, we click buy/sell? If so, how do we do position sizing,etc? sorry for these newbie questions! still tryng to get my head around this method.THX! Shuo
I will often run with pending buy stops or pending sell stops off of the previous day close

For each entry, I use 2 entries. 1st entry is 1 X ATR7 - once this is hit, review the SL and let the 2nd entry run to the exit point.

Position sizing has to be down to your account / risk management - usual advice - don't risk more than 2% of your account size.
"To live with Passion, it takes Courage and Grace to survive"
  • #39,954
  • Jul 19, 2014 12:28pm Jul 19, 2014 12:28pm
Quoting zhangshuo
hi britpip, so we see a tdi cross we click buy/sell, that's it? I am not understanding how you determine your entry level?
not sure I'm understanding your "entry level" definition. TDI crosses - enter off of candle 1 close / start of candle 2, or as early as possible in candle 2.
"To live with Passion, it takes Courage and Grace to survive"
  • #39,955
  • Jul 19, 2014 12:55pm Jul 19, 2014 12:55pm
Quoting Britpip7
{quote} not sure I'm understanding your "entry level" definition. TDI crosses - enter off of candle 1 close / start of candle 2, or as early as possible in candle 2.
For this entry, PA is coming out of a Demand Zone (Support level) and TDI is bouncing off of the 32 Zone.

Entry taken off of Candle 1 close.

If you are not confident about entering with two positions, keep with a single entry. The only advantage of the two positions is that you get to close 1 and bank some pips and then look to make the second entry a free trade with SL @ Break even. this is a djcinc strategy - not BigE.
Attached Image (click to enlarge)
Click to Enlarge Name: TDI Entry 3.gif Size: 26 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #39,956
  • Jul 19, 2014 1:14pm Jul 19, 2014 1:14pm
hi, britpip,
thx so much for all your explanations! It becomes so much clearer! So you said 'entry taken off of candle 1 close' you mean candlestick close, NOT HA close. Am I right?

Also, since all trade entries are signified by tdi green crossing red, how do you manage your charts (look for potential trades)? Can you talk about that a little bit?

THX for your help!
  • #39,957
  • Jul 19, 2014 1:34pm Jul 19, 2014 1:34pm
Quoting zhangshuo
hi, britpip, thx so much for all your explanations! It becomes so much clearer! So you said 'entry taken off of candle 1 close' you mean candlestick close, NOT HA close. Am I right? Also, since all trade entries are signified by tdi green crossing red, how do you manage your charts (look for potential trades)? Can you talk about that a little bit? THX for your help!
Correct - candle stick close - not HA.

I have 16 charts set up with the same template and after the new day candle forms, I will run through each chart to look for any new TDI crosses / APB colour changes. Anything with a good angle on TDI will often result in a new trade being placed.

On the day charts you should see valid entries every couple of weeks per pair - EUR/AUD is stubborn at the moment and has flat lined for the past month, so a breakout is due.

If the TDI is coming out of the 68 zone or 32 zone, these are often stronger crosses, especially when PA is coming off of a S/R level
"To live with Passion, it takes Courage and Grace to survive"
  • #39,958
  • Jul 19, 2014 1:37pm Jul 19, 2014 1:37pm
hi, britpip:
thank you so much for all your answers today, it makes so much sense to me!
do you trade intraday charts, or you just stick to the D1 &W1? If so, how do you manage your intraday trading if you don't mind me asking?
once again, thx very much!

Shuo
  • #39,959
  • Jul 19, 2014 1:50pm Jul 19, 2014 1:50pm
Quoting zhangshuo
hi, britpip: thank you so much for all your answers today, it makes so much sense to me! do you trade intraday charts, or you just stick to the D1 &W1? If so, how do you manage your intraday trading if you don't mind me asking? once again, thx very much! Shuo
Day charts primarily - in ranging markets I may drop down to H4.

I rarely have more than three pairs with open trades, so not really an issue. Just monitor them on the Terminal "Trade" tab.

I set Stop Losses to below the recent swing high / swing low for entries and then move the SL to below the prior days high / low as the trade moves.
"To live with Passion, it takes Courage and Grace to survive"
  • #39,960
  • Jul 19, 2014 4:45pm Jul 19, 2014 4:45pm
Britpip7, thank you for your time - we made you busy today, but these "small things" are our bug obstacles ...
In your Daily charts are you using setting you discussed in the post #39809, or default?
Your valuable suggestions (TSL related) are going to my wall notes.
Thanks again,
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