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Trading Made Simple

  • #40,241
  • Aug 7, 2014 11:35pm Aug 7, 2014 11:35pm
Quoting likica
{quote} Hi Zhanghuo, I have learnt a lot from others in this thread and stumbled up and down in trading from my creative trading style . Here is what I found that might help you to have a better view (see attachment with my note and marks on the chart). By the way, I don't read slope numbers, only trade what I see from the look at my charts. I believe other experienced traders have more to share or you just study their charts and learn from them. Hope it helps. P.S: this is my trading style only and it has helped me. I appreciate Britpip, Lastingwell...
hi, likica:
First up, thx for your timely reply, It sure helps a lot. just one request: can you post the mtf-tdi indicator for me cos I can't seem to find one that wokrs. Also kindly teach me how to set it up so that no matter what timeframe I trade, I can set it to be one timeframe higher (if this is what you mean by your chart)? THX for your help!

Shuo
  • #40,242
  • Aug 8, 2014 1:29am Aug 8, 2014 1:29am
Quoting zhangshuo
{quote} hi, likica: First up, thx for your timely reply, It sure helps a lot. just one request: can you post the mtf-tdi indicator for me cos I can't seem to find one that wokrs. Also kindly teach me how to set it up so that no matter what timeframe I trade, I can set it to be one timeframe higher (if this is what you mean by your chart)? THX for your help! Shuo
This is the one I use, if you leave it at the defaults it will give you the next timeframe up to the one you're on.
Attached File(s)
File Type: ex4 TDI-MTF.ex4   31 KB | 444 downloads
  • #40,243
  • Aug 8, 2014 1:56am Aug 8, 2014 1:56am
As likica has shown so well on the chart above, this is my idea of the perfect setup, usually with not a lot of drawdown. First and foremost, good angle on H4 green line at the open of the candle you want to go in on, d1 stepping down, lower high on h4 (or divergence if no lower high). Now we just have to see if it manages to go through support.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH408-08.png Size: 45 KB
  • #40,244
  • Aug 8, 2014 3:42am Aug 8, 2014 3:42am
Thanks Lastingwell for the TDI-MTF. That helps a lot.
Attached is the template of my chart where I also have Pip counter ( for current price, spread, hi low, candle time, pip counter) and ATR Pips UL corner (for my PT/SL)
Attached File(s)
File Type: tpl Trading made simple.tpl   8 KB | 683 downloads
Appreciation is the key to wealth and happiness
  • #40,245
  • Aug 8, 2014 4:00am Aug 8, 2014 4:00am
Quoting likica
{quote} Hi Zhanghuo, I have learnt a lot from others in this thread and stumbled up and down in trading from my creative trading style . Here is what I found that might help you to have a better view (see attachment with my note and marks on the chart). By the way, I don't read slope numbers, only trade what I see from the look at my charts. I believe other experienced traders have more to share or you just study their charts and learn from them. Hope it helps. P.S: this is my trading style only and it has helped me. I appreciate Britpip, Lastingwell...
Very nice chart likica
.... laughing all the way to the bank
  • #40,246
  • Aug 8, 2014 4:41am Aug 8, 2014 4:41am
Quoting lastingwell
As likica has shown so well on the chart above, this is my idea of the perfect setup, usually with not a lot of drawdown. First and foremost, good angle on H4 green line at the open of the candle you want to go in on, d1 stepping down, lower high on h4 (or divergence if no lower high). Now we just have to see if it manages to go through support. {image}
....... nice..... I saw a similar setup on EU

...keep rockin' it LW
.... laughing all the way to the bank
  • #40,247
  • Aug 8, 2014 5:36am Aug 8, 2014 5:36am
its easy just wait for the setups and take time very simple indeed thanks likica
  • #40,248
  • Aug 8, 2014 5:39am Aug 8, 2014 5:39am
Attached Image (click to enlarge)
Click to Enlarge Name: mm.png Size: 44 KB
  • #40,249
  • Edited 9:12am Aug 8, 2014 8:53am | Edited 9:12am
EU_H1 , was waiting to buy EU, but the move started at FO , and I only take trades at LO, so missed the real deal, anyway waited a retracement back to structure on M15, PA lost momentum, exit at +5 after moving to BE

Is it moving now or something ?
Attached Image (click to enlarge)
Click to Enlarge Name: EU_H1.jpg Size: 364 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,250
  • Aug 8, 2014 9:21am Aug 8, 2014 9:21am
EURCAD...News Trade..Moving Slowly..Partial profit Taken
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD8-8-2014.png Size: 73 KB
Sad i'm not trying to understand PA
  • #40,251
  • Aug 8, 2014 9:31am Aug 8, 2014 9:31am
Quoting omonisha
EURCAD...News Trade..Moving Slowly..Partial profit Taken {image}

GBPNZD ....Still playing...guess the pin bar on daily of 6th aug still valid....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD8-8-2014.png Size: 72 KB
Sad i'm not trying to understand PA
  • #40,252
  • Aug 8, 2014 10:32am Aug 8, 2014 10:32am
NZDUSD....Interesting PA
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 61 KB
Sad i'm not trying to understand PA
  • #40,253
  • Aug 8, 2014 10:53am Aug 8, 2014 10:53am
Its been a good day to trade considering its a Friday.

EURAUD 4Hr
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 39 KB
.... laughing all the way to the bank
  • #40,254
  • Aug 8, 2014 10:56am Aug 8, 2014 10:56am
EURJPY 4Hr
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 35 KB
.... laughing all the way to the bank
  • #40,255
  • Aug 8, 2014 12:16pm Aug 8, 2014 12:16pm
Quoting likica
{quote} Hi Zhanghuo, I have learnt a lot from others in this thread and stumbled up and down in trading from my creative trading style . Here is what I found that might help you to have a better view (see attachment with my note and marks on the chart). ,,,,,,,,,,,, I appreciate Britpip, Lastingwell and a few others {image}
I also grabbed that TDI-TFI Likica but couldn't figure myself how to use it then saw your chart, lights go on, so obvious.

I also appreciate the way different ones are so helpful with us newcomers, including yourself.

Allthough I've been registered here since 2011 I haven't traded for 2 years as I was slowly losing my account last time. I came back a couple of weeks ago on demo, found another method that does work, used it for a week, up and down etc etc, then stumbled across this thread started by Eelfranz, wished I'd seen it back in 2011 but never mind, I'm onto it now. I've pushed the 5000 in the demo to 5302 via a couple of scalp trades a few minutes ago. Thanks again you ones, and also to Eelfranz . Yes I know he's passed away but still if he hadn't passed on his knowledge,,,,,,
"You know what needs to be addressed , completely completely reverse that".
  • #40,256
  • Aug 8, 2014 1:25pm Aug 8, 2014 1:25pm
Quoting lastingwell
{quote} Thank you Britpip I appreciate the comments especially coming from a trader of your calibre and experience with TMS. I've had a lot of messages from people asking me to re-think, so I will continue to post as long as its helping more than confusing people.
No worries - ignore the trolls - I have a collection of them. Once one starts up there are always others willing to throw rocks.

Have a great weekend
"To live with Passion, it takes Courage and Grace to survive"
  • #40,257
  • Edited Aug 9, 2014 6:31am Aug 8, 2014 3:35pm | Edited Aug 9, 2014 6:31am
Quoting itsallover
Its been a good day to trade considering its a Friday. EURAUD 4Hr {image}
I missed half of amount EURAUD offered Itsallover, so got out for a small profit as stoc and tdi look flat
Closed EU long at the top

was silly to jump in 2 trades:
- UCAD got in too early so get punished ( got in with small trade and was thinking to add more if D1 candle looked good, didn't listen to Britpip tpo wait for PA
- NU short did not go anywhere , it's way down at o/s

Just wanted to share my win and loss charts so other might learn from my mistakes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA H4 sell Fri 8.8.14 +.png Size: 58 KB
Click to Enlarge Name: EU H4 long Fri 8.8.14 +.png Size: 41 KB
Click to Enlarge Name: UCAD D1 short Thu 7.8.14 -.png Size: 58 KB
Click to Enlarge Name: NU H4 short Fri 8.8.14 -.png Size: 59 KB
Appreciation is the key to wealth and happiness
  • #40,258
  • Aug 8, 2014 3:40pm Aug 8, 2014 3:40pm
[quote=likica;7662535]{quote} I missed half of amount EURAUD offered Itsallover, so got out for a small profit as stoc and tdi look flat Closed EU long at the top was silly to jump in 2 trades: - UCAD got in too early so get punished ( got in with small trade and was thinking to add more if D1 candle looked good, didn't listen to Britpip tpo wait for PA - NU short did not go anywhere , it's way down at o/s Just wanted to share my win and loss charts so other might learn from my mistakes. {image} {image} {image} {image}[/quote

haha you're doing really well likica
.... laughing all the way to the bank
  • #40,259
  • Aug 8, 2014 7:59pm Aug 8, 2014 7:59pm
Quoting itsallover
Quoting likica
{quote} I missed half of amount EURAUD offered Itsallover, so got out for a small profit as stoc and tdi look flat Closed EU long at the top was silly to jump in 2 trades: - UCAD got in too early so get punished ( got in with small trade and was thinking to add more if D1 candle looked good, didn't listen to Britpip tpo wait for PA - NU short did not go anywhere , it's way down at o/s Just wanted to share my win and loss charts so other might learn from my mistakes. {image} {image} {image} {image}[/quote
...



well done
  • #40,260
  • Aug 9, 2014 3:18am Aug 9, 2014 3:18am
I've been trading using the TDI for the past 3 months or so and have found it to be a very direct and profitable strategy. However, during the month of July and the first week of august I feel my trading has become slightly more difficult interms of catching big moves or correct entries. I have been told that generally trading dries up during July through September, and after reading the PDFs of PHX62, it's does sem there is a lack of volatility during vacation periods. I just wanted to know if anyone else is finding it more difficult, and if so, what adjustments you're making to compensate.
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