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Trading Made Simple

  • #40,041
  • Jul 23, 2014 11:55am Jul 23, 2014 11:55am
Quoting lamarga789
big e did not trades on mondays?
Big E typically did not trade Friday and Sunday
"To live with Passion, it takes Courage and Grace to survive"
  • #40,042
  • Jul 23, 2014 7:32pm Jul 23, 2014 7:32pm
potential EJ long on H4, need more bullish confirmation?. Any comments welcome
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4 (buy) potential - thu 24.7.14.png Size: 72 KB
Appreciation is the key to wealth and happiness
  • #40,043
  • Jul 23, 2014 11:21pm Jul 23, 2014 11:21pm
Quoting likica
potential EJ long on H4, need more bullish confirmation?. Any comments welcome {image}
Looks like you would be trading against the day - Day EMA7 and TDI TSL are still moving lower.

I am watching this and the other Euro pairs for signs of a day reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily 7-23-2014.png Size: 40 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #40,044
  • Jul 23, 2014 11:34pm Jul 23, 2014 11:34pm
AUD pairs are still continuing their trends and with today's news, NZD is also on a run - more NZD news tomorrow may help the trends build momentum.

EURO pairs reaching low points, but mostly still moving lower even though momentum is slow.

GU is still struggling to break and is sitting just north of 1.7000

With regards to my ongoing AUD/NZD - Day 9 is continuing the trend run and PA has broken and left the 200ema and is now testing the Supply Zone from the previous highs back in early June.

I would normally suggest closing trades at this point but the momentum is strong enough for PA to blow through the zone past 1.1000 and then we could see another 400pis of clear sky before the next serious zones. EMA7 and TDI TSL still very bullish. Trailing Stops reduced in case the PA stalls out at this level. If this happens, then worst case will be a total of +780pips - not too bad for a 9 day trade
Attached Image (click to enlarge)
Click to Enlarge Name: audnzddaily 7-23-2014.png Size: 48 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #40,045
  • Jul 23, 2014 11:34pm Jul 23, 2014 11:34pm
Quoting Britpip7
{quote} Looks like you would be trading against the day - Day EMA7 and TDI TSL are still moving lower. I am watching this and the other Euro pairs for signs of a day reversal. {image}
Thanks Britpip for showing us information about TDI on Daily trading, at least can use that info for lower time frame , as in this example TSL and RSI is still heading south so no bullish movements as of yet
I Have Learned to Take Some Losses to Make Profits
  • #40,046
  • Jul 23, 2014 11:44pm Jul 23, 2014 11:44pm
Quoting TheScorpS
{quote} Thanks Britpip for showing us information about TDI on Daily trading, at least can use that info for lower time frame , as in this example TSL and RSI is still heading south so no bullish movements as of yet
You are most welcome - I rarely trade if the H4 and Day TDI are in conflict. I do sometimes run with a tri screen set up for week / day / H4 which can help in these scenarios
Attached Image (click to enlarge)
Click to Enlarge Name: ej tri screen.gif Size: 99 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #40,047
  • Jul 24, 2014 12:03am Jul 24, 2014 12:03am
I am into this trade, I don't trade Asian Session since you never know if this will stall or continues, followed the Asian double top and TDI cross

Running some early morning back-testing at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.jpg Size: 291 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,048
  • Jul 24, 2014 1:34am Jul 24, 2014 1:34am
Quoting Britpip7
{quote} You are most welcome - I rarely trade if the H4 and Day TDI are in conflict. I do sometimes run with a tri screen set up for week / day / H4 which can help in these scenarios {image}
appreciate your comments Britpip7. i m sitting at sideline watching...btw, can't wait to master TDI daily chart learnig the way you are doing with AN
Appreciation is the key to wealth and happiness
  • #40,049
  • Jul 24, 2014 1:40am Jul 24, 2014 1:40am
Quoting likica
{quote} appreciate your comments Britpip7. i m sitting at sideline watching...btw, can't wait to master TDI daily chart learnig the way you are doing with AN
What britpip7 is doing is a very good way of trading and can be done on any timeframe if you bear in mind the timeframe above the one you're on. If you practice on the smaller timeframes so your stop loss is smaller adding to the trades as the trend continues and you get another good signal either with PA or a tdi bounce trade its surprising how they add up
  • #40,050
  • Jul 24, 2014 2:03am Jul 24, 2014 2:03am
Quoting Britpip7
{quote} You are most welcome - I rarely trade if the H4 and Day TDI are in conflict. I do sometimes run with a tri screen set up for week / day / H4 which can help in these scenarios {image}
Bripip7,

Briefly, layout your daily trading strategy once again.
1) Entry
2) Exit
3) Supply & Demand
4) Indicators Used
5) Pairs which you monitor
6) How to decide stoploss ?

How you can monitor pairs ( suppose with 10 pairs) with multiple chats (H4,Daily,Weekly)? You set profile for each pair?
I am find hard to trade daily with TDI. Hope your inputs will throw some light.
  • #40,051
  • Jul 24, 2014 2:21am Jul 24, 2014 2:21am
Quoting TheScorpS
I am into this trade, I don't trade Asian Session since you never know if this will stall or continues, followed the Asian double top and TDI cross Running some early morning back-testing at the moment {image}
Nice level to short TheScorpS. I have just learned that fib levels are so amazing and seem magically working well. have not used it in my tdi tradings. Thanks for pointing it out.
Appreciation is the key to wealth and happiness
  • #40,052
  • Jul 24, 2014 3:45am Jul 24, 2014 3:45am
there is a problem with this system if I look at the graph. at 22 am pacific no entrance, but then at 2 h pacific if we look at the graph, it appears that at 22h if there was an entry so when it seems that there was a good entry that is not metered. therefore can not trust the data from the past to see if the system works. what do you think?
EUR/USD at 22h pacific
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-fxdd-malta-todos-graficos24.07.png Size: 199 KB


EUR/USD at 2 h pacific
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fxdd-malta-2.png Size: 146 KB
  • #40,053
  • Jul 24, 2014 4:21am Jul 24, 2014 4:21am
Sadly I had to go out so missed this trade on EJ H4. These are the types of trades I like to take. Bullish divergence, higher timeframe tdi starting to turn up (when this candle opened), would have been very close to a cross at the time, lovely pin bar and h4 tdi bounce, shame I wasn't here.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmH4.png Size: 44 KB
  • #40,054
  • Edited 4:44am Jul 24, 2014 4:28am | Edited 4:44am
Quoting likica
{quote} Nice level to short TheScorpS. I have just learned that fib levels are so amazing and seem magically working well. have not used it in my tdi tradings. Thanks for pointing it out.
Ur welcome, didn't get much of that trade, TDI went flat and lost momentum , news was due so closed with +4

Yes Fibs are power tool, there whole thread were we learn about this, very nice and teaches you to speak the langue of the market

Went long on EJ later, closed with +15 since there was an ABCD completion on M5 time frame and RN 138 and H1 61.8 fibs retracement
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ_H1.jpg Size: 507 KB
Click to Enlarge Name: EJ_M5.jpg Size: 454 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,055
  • Jul 24, 2014 4:29am Jul 24, 2014 4:29am
Quoting lamarga789
there is a problem with this system if I look at the graph. at 22 am pacific no entrance, but then at 2 h pacific if we look at the graph, it appears that at 22h if there was an entry so when it seems that there was a good entry that is not metered. therefore can not trust the data from the past to see if the system works. what do you think? EUR/USD at 22h pacific{image} EUR/USD at 2 h pacific {image}
You need to change the version of the TDI indicator that you're using, read this thread: http://www.forexfactory.com/showthread.php?t=294327
  • #40,056
  • Jul 24, 2014 5:58am Jul 24, 2014 5:58am
abibas


please see britpip's thread trading made simple for day charts:

http://www.forexfactory.com/showthread.php?t=334035

all the information / indicators/template is there


Quoting ababias
{quote} Bripip7, Briefly, layout your daily trading strategy once again. 1) Entry 2) Exit 3) Supply & Demand 4) Indicators Used 5) Pairs which you monitor 6) How to decide stoploss ? How you can monitor pairs ( suppose with 10 pairs) with multiple chats (H4,Daily,Weekly)? You set profile for each pair? I am find hard to trade daily with TDI. Hope your inputs will throw some light.
  • #40,057
  • Jul 24, 2014 7:45am Jul 24, 2014 7:45am
Quoting lastingwell
{quote} What britpip7 is doing is a very good way of trading and can be done on any timeframe if you bear in mind the timeframe above the one you're on. If you practice on the smaller timeframes so your stop loss is smaller adding to the trades as the trend continues and you get another good signal either with PA or a tdi bounce trade its surprising how they add up
Agreed - My feelings are that you need to master a timeframe, so if H1 is your preferred timeframe, study H1 charts / patterns interaction with S/R levels, etc.

Research the key guys trading on this thread - such as: lastingwell / TheScoprps are actively posting at the moment as well as Emmanuel7788- in the attachments folder you can find pdf summaries of Phx62 who is the expert on H1 and of course Big E.
"To live with Passion, it takes Courage and Grace to survive"
  • #40,058
  • Jul 24, 2014 7:46am Jul 24, 2014 7:46am
Quoting TheScorpS
{quote} Went long on EJ later, closed with +15 since there was an ABCD completion on M5 time frame and RN 138 and H1 61.8 fibs retracement {image} {image}
All tools that help us to trade are good in their own way. Be very careful of looking at too many timeframes and reasons to come out - you will always find a reason to come out if you look hard enough, I should know I've done it often enough

Look at britpip7's AUD/NZD trade, over 9 days there were probably lots of reasons to come out of it if he looked hard enough, but instead he is concentrating on reasons to stay in the trade and moving his stop loss up to cover anything that might happen, thats the way trading should be done. I'm still fighting hard to do that.
  • #40,059
  • Jul 24, 2014 8:19am Jul 24, 2014 8:19am
Quoting lastingwell
{quote}You need to change the version of the TDI indicator that you're using, read this thread: http://www.forexfactory.com/showthread.php?t=294327
ok but which of them all would have to take it out??pleaseĻ:

tms-osc
tms-osc ccross
tms osc histo
tdi sub or
tdi -rt clone
  • #40,060
  • Jul 24, 2014 8:45am Jul 24, 2014 8:45am
Quoting lastingwell
{quote}All tools that help us to trade are good in their own way. Be very careful of looking at too many timeframes and reasons to come out - you will always find a reason to come out if you look hard enough, I should know I've done it often enough Look at britpip7's AUD/NZD trade, over 9 days there were probably lots of reasons to come out of it if he looked hard enough, but instead he is concentrating on reasons to stay in the trade and moving his stop loss up to cover anything that might happen, thats the way trading should be done. I'm still...
Thanks for the advice lastingwell

I entered a bit late, so it was better to exit and save those pips rather than giving back the market
I Have Learned to Take Some Losses to Make Profits
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