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Trading Made Simple

  • #40,161
  • Aug 4, 2014 4:31am Aug 4, 2014 4:31am
Hi Guys,

I have been trading live for two years on/off blown allot of accounts and now I am ready and more disciplined than ever. Thanks to big E for this amazing strat.

What do you guys think of this setup happening on the AU
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  • #40,162
  • Aug 4, 2014 5:56am Aug 4, 2014 5:56am
Gold sell on H1 , I have discuss the entry reason for such trade earlier

Anyway PA and TDI in check as both were making LH
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  • #40,163
  • Aug 4, 2014 6:15am Aug 4, 2014 6:15am
Quoting TheScorpS
Gold sell on H1 , I have discuss the entry reason for such trade earlier Anyway PA and TDI in check as both were making LH {image}
I'm also in with this @ 1294.
are we not better off if PA keeps making LL rather then HL?

TIA
  • #40,164
  • Aug 4, 2014 8:19am Aug 4, 2014 8:19am
Quoting adikashyap
{quote} I'm also in with this @ 1294. are we not better off if PA keeps making LL rather then HL? TIA
Price needs to make a lower high first, thats the first thing to look for when a sell and a higher low for a buy.
  • #40,165
  • Edited 8:51am Aug 4, 2014 8:20am | Edited 8:51am
Quoting adikashyap
{quote} I'm also in with this @ 1294. are we not better off if PA keeps making LL rather then HL? TIA
Better but PA as of now is pulling back and cant close below Asian Session low, its nice to see those trades that Phx62 took many times over and over and Gold now look it up, pulling back from LO high

EJ trade since LO, waiting TP but might close manually due to Yesterday Low support
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I Have Learned to Take Some Losses to Make Profits
  • #40,166
  • Aug 4, 2014 1:09pm Aug 4, 2014 1:09pm
Leaving this trade opened for overnight with stop to BE before going to bed

This trade was opened from LO, so thats 11 hours into the trade, just following the rules
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  • #40,167
  • Aug 4, 2014 2:11pm Aug 4, 2014 2:11pm
Last but not least

GJ bought almost identical to GU trade, starting to show some momentum , will see next hour if the trade reaches BE
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  • #40,168
  • Aug 4, 2014 2:19pm Aug 4, 2014 2:19pm
Quoting TheScorpS
Leaving this trade opened for overnight with stop to BE before going to bed This trade was opened from LO, so thats 11 hours into the trade, just following the rules {image}
Lovely trade
  • #40,169
  • Edited Aug 5, 2014 5:56am Aug 4, 2014 5:14pm | Edited Aug 5, 2014 5:56am
Hi all. My first trades using Eelfranz's method
both gains. One long one short, in on the second candle, only thing I didn't do properly was get in on the start of the 4hour candle. I can see I missed pips because of that, still good to wake up and see both trades were good. Should maybe have stayed in also as both still show some strength in their respective directions, still I'm happy to be able to prove Eelfranz's method to myself. 21 + 8 pips
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"You know what needs to be addressed , completely completely reverse that".
  • #40,170
  • Aug 4, 2014 6:07pm Aug 4, 2014 6:07pm
hi guys,

i continue to have some problem with this method... probably is because i have not all the basic of the forex... i have traded only with EA on past time...

now i have decided to try manual trading, but seems that all the signal that i want to trade are not good...

one of the last signal (see picture attached) that i have open a trade the TDI have a good angle for SELL trade, but it reverse after few bars...

where i am wrong?

if i remember well (few pages behind the thread) lastingwell write that a good angle of TDI is a good starting point... but why i am not a good trade in this case?

i am many confused...

good night to all, and thanks for your time.
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  • #40,171
  • Aug 4, 2014 6:50pm Aug 4, 2014 6:50pm
Quoting mighty-thor
hi guys, i continue to have some problem with this method... probably is because i have not all the basic of the forex... i have traded only with EA on past time... now i have decided to try manual trading, but seems that all the signal that i want to trade are not good... one of the last signal (see picture attached) that i have open a trade the TDI have a good angle for SELL trade, but it reverse after few bars... where i am wrong? if i remember well (few pages behind the thread) lastingwell write that a good angle of TDI is a good starting point......
If you just watch H4 then this was a valid entry although PA is running into the H4 200ema, so always has the possibility pf stalling. One of the problems with any indicator, is that it is not very reliable in the Oversold / Overbought regions. Having said that - a TDI cross out of the 68 region is usually a good entry criteria, so unlucky!

If you watch the Day, there is no short signal - it is 3 days into a reversal and has a strong TSL heading north. This would be my definition of an H4 signal conflicting with the Day and would be a no trade for me.
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"To live with Passion, it takes Courage and Grace to survive"
  • #40,172
  • Aug 4, 2014 7:12pm Aug 4, 2014 7:12pm
Quoting crowbar2014
Hi Guys, I have been trading live for two years on/off blown allot of accounts and now I am ready and more disciplined than ever. Thanks to big E for this amazing strat. What do you guys think of this setup happening on the AU {image}
Red news from AU today so I would stay away fr any pair to do with AU until news s over. Rgs,
Appreciation is the key to wealth and happiness
  • #40,173
  • Aug 4, 2014 7:23pm Aug 4, 2014 7:23pm
Just wondering if anyone trade US30 using this method? I recently took trades on M5 during LO and they turned out well, specially the one from yesterday. hope to hear fr others.
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Appreciation is the key to wealth and happiness
  • #40,174
  • Aug 4, 2014 10:06pm Aug 4, 2014 10:06pm
Quoting lastingwell
{quote} Lovely trade
Thanks
I Have Learned to Take Some Losses to Make Profits
  • #40,175
  • Aug 4, 2014 11:36pm Aug 4, 2014 11:36pm
Quoting mighty-thor
hi guys, i continue to have some problem with this method... probably is because i have not all the basic of the forex... i have traded only with EA on past time... now i have decided to try manual trading, but seems that all the signal that i want to trade are not good... one of the last signal (see picture attached) that i have open a trade the TDI have a good angle for SELL trade, but it reverse after few bars... where i am wrong? if i remember well (few pages behind the thread) lastingwell write that a good angle of TDI is a good starting point......
At the time of the short entry was taken, there was PA making HH and HL, there was no confirmation of whatsoever on PA regarding a reversal at least temporary in the strong trend, as Lastingwell earlier discussed , you need to look for LH before jumping on a strong trend just taking a TDI cross will not generate the results you are looking for , its possible yes, it needs heavily impact on understanding PA and TDI, and how they reacts together

I hope I was productive rather than destructive, if so well , pls let me know
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I Have Learned to Take Some Losses to Make Profits
  • #40,176
  • Aug 5, 2014 1:36am Aug 5, 2014 1:36am
Quoting TheScorpS
{quote} Better but PA as of now is pulling back and cant close below Asian Session low, its nice to see those trades that Phx62 took many times over and over and Gold now look it up, pulling back from LO high EJ trade since LO, waiting TP but might close manually due to Yesterday Low support {image}
Hi TheScorpS,

Your entry point is great, did you enter at 15m TF? Beside TMS, could you please let us know why do you enter when it's still on sideway channel, it might rebound from though with gd TMS?

Thank you
  • #40,177
  • Aug 5, 2014 2:42am Aug 5, 2014 2:42am
Entered a short on the H1 GBP/USD at 16852.6, good angle on TDI with stoch agreement. Previous candle before london open was a strong bear closing below the 5ema. Any possible feedback is appreciated.
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  • #40,178
  • Aug 5, 2014 4:44am Aug 5, 2014 4:44am
Quoting pastecopy
{quote} Hi TheScorpS, Your entry point is great, did you enter at 15m TF? Beside TMS, could you please let us know why do you enter when it's still on sideway channel, it might rebound from though with gd TMS? Thank you
I hope this is what you were asking about, EJ short from 61.8 - 78.6 zone, after PA made a new structure low, often times PA retrace to 61.8 retracement, there I was looking for a sell off continuation, I was not around London opening time, when I came there was already what looked like a setup candle prior to entry with TDI cross, PA closed inside Asian Session range again , so in this case there's 2 situations here, a retest to Asian mid session and continuation long, or a continuation from the last impulsive leg down, trade what you see and not what you think , with TDI cross and red setup candle , short it is.

I use M15 all the time, but in that case, what was there on H1 was enough to take the risk.

Hope this helps
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  • #40,179
  • Aug 5, 2014 4:51am Aug 5, 2014 4:51am
Quoting kiranizzle
Entered a short on the H1 GBP/USD at 16852.6, good angle on TDI with stoch agreement. Previous candle before london open was a strong bear closing below the 5ema. Any possible feedback is appreciated. {image}
I was really into long , I had 2 positions opened on this trade, closed one with 27 pips and the other still running, that was just a retracement to yesterday impulsive leg, hope you managed well

Now PA at LO made a strong bearish momentum, but if you look H4, there it looks like a just a retracement to H4 EMA 10 and then a continuation, I was really into going short , but stayed aside knowing the first plan and trying to go by that

GU_H1
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  • #40,180
  • Edited 8:19am Aug 5, 2014 5:42am | Edited 8:19am
hey thor the reason that trade, although it looked good from just the cross, didnt work is because you were trading against the immediate larger trend. you mentioned Lastingwell, but if you notice Lastingwell only takes trades with the immediate lerger trend. if you look on his charts you will see he also has a D1 mtf TDI indicator added. if you had added that to your chart you would probably see that it was against the D1 mtf TDI, ie the green would have been over the red line. so no short. since i have been trading in accordance with Lastingwells rules,( as well as looking at nanningbob CSS indocator) my TMS trading has improved. hope this helps blam
Quoting mighty-thor
hi guys, i continue to have some problem with this method... probably is because i have not all the basic of the forex... i have traded only with EA on past time... now i have decided to try manual trading, but seems that all the signal that i want to trade are not good... one of the last signal (see picture attached) that i have open a trade the TDI have a good angle for SELL trade, but it reverse after few bars... where i am wrong? if i remember well (few pages behind the thread) lastingwell write that a good angle of TDI is a good starting point......
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