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Trading Made Simple

  • #40,701
  • Aug 29, 2014 8:52am Aug 29, 2014 8:52am
Quoting WDays
{quote} If you look closely, you will see that the euro pairs are in a downtrend. At this moment, they are merely consolidating. As far as the E/U pair goes, it is pretty hard to predict, because it mostly moves with fundamentals being announced and what's more, it is closely being monitored by the ECB and the FED. My advice to you is to look for PA on other pairs. In this particular case, just eye-balling it, it would seem it's stuck in a range - no more lower lows, price is being held at the 1.3160 level. I guess one could scalp it off a lower...
Thanks for you reply WDays!
I see your point and understand it. Case was that I was "trading/scalping" the pair for a couple of months but with hard any luck.
Since I am back at TMS I also look at other pairs, which are: EURAUD / EURJPY / USDJPY / GOLD.
Is there a pair or pairs which you can recommend for PA studies?

I did had a trade in EURUSD which hit my 5 pip take profit hahah! The fool I am for trying.
  • #40,702
  • Aug 29, 2014 9:05am Aug 29, 2014 9:05am
Quoting froglicker
{quote} MT4 mobile indi follow http://www.forexfactory.com/showthre...24#post7701924 Courtesy of darlin' L. {quote} No worries, ScorpS. Took me a while to wisen up. But I'm slowly and surely making my way there! Too many ideas without a proper direction, I just got lost in it all. Now, I'm going to change that, one trade at a time. Looking to focus on E/U chart first, before migrating to looking at 12 charts like ya. Wish me luck! Cheers!
Thats nice to hear that, hang with us, time will tell, and I assure you, u will make it 100% no doubt not a tiny bit
I Have Learned to Take Some Losses to Make Profits
  • #40,703
  • Aug 29, 2014 9:13am Aug 29, 2014 9:13am
My trades from yesterday and today, not much there, regarding the long EJ which I didn't understand at the time so +25 pips on all, the BE trade was set to +40 but didn't make it there , obviously TDI and PA were both failing to trend any lower

Its hard to make it in the market, but you get to learn everyday and keep improving
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #40,704
  • Aug 29, 2014 10:26am Aug 29, 2014 10:26am
Quoting BallijnForex
{quote} Thanks for you reply WDays! I see your point and understand it. Case was that I was "trading/scalping" the pair for a couple of months but with hard any luck. Since I am back at TMS I also look at other pairs, which are: EURAUD / EURJPY / USDJPY / GOLD. Is there a pair or pairs which you can recommend for PA studies? I did had a trade in EURUSD which hit my 5 pip take profit hahah! The fool I am for trying.
Well I myself pick the pair I'd like to trade if the ADR is over 70... Since the good old days, when we used to have 200 ADR are long gone, I have to settle with that. That being said, if you are a new trader, might I suggest you avoid scalping. Scalping is stressful, it's risky and only few get it done right... Price trends 30% of the time on any timeframe. There are trends on all timeframes. That concept is kind of hard to grasp especially if you are new. Try focusing on goood intraday trends. 30 to 50 pip intraday trades are my bag.

The point is that PA is the same for almost all pairs, but there are some that are being monitored closely, because their value can affect the economy of the issuer. Case in point, the euro dollar, the usd jpy and so on.
  • #40,705
  • Aug 29, 2014 10:51am Aug 29, 2014 10:51am
Quoting froglicker
{quote} MT4 mobile indi follow http://www.forexfactory.com/showthre...24#post7701924
yes, thank you very much !!!
Regards
  • #40,706
  • Aug 29, 2014 12:32pm Aug 29, 2014 12:32pm
Hey trader,
I made two trades on the E/J pair. The first trade I made was because of the TDI cross above 68 and the yellow line. There was also a historic resistance level on 137.847 so I think the probability to make this trade was high enough.

In the first trade I made just +21 pips. If I had more patience I would have made without problem 80 pips to the next swing point, so patience is key. The second trade I made was for +28 pips. It was some kind of continuation trade.
In the second daily chart you can see that there was a main down trend, so I entered short to have a higher probability to get a good trade.

My actual trades are long. I entered at the level at 136.740 because on the big chart there is a support area. I think that this is perhaps a good opportunity to go long to reach the main violet resistance at 137.847.
I painted some lines an circles to visualize my trading ideas.
Sorry about the normal candlesticks. I set up my MT4 new. For the next days and trades I will implement the normal TMS template.

Trade well !

Best regards,
Fx94
Attached Image(s) (click to enlarge)
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  • #40,707
  • Aug 29, 2014 8:47pm Aug 29, 2014 8:47pm
thanks for the mobile settings mentioned, been wondering how to set the indicators on my android, done now
"You know what needs to be addressed , completely completely reverse that".
  • #40,708
  • Aug 30, 2014 6:34am Aug 30, 2014 6:34am
Quoting Kmw
thanks for the mobile settings mentioned, been wondering how to set the indicators on my android, done now
Hi,

Anyone tried comparing the indi setup on their mobile devices against MT4's? I've tried it many times and it seems the TDI drawn is vastly different. The TDI on my Android seems to touch 100 pretty often. I've attached both my indi for Andriod and desktop here for EU Daily. Anyone has TDI close to either of mine?

Thank you all.
Attached Image(s) (click to enlarge)
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  • #40,709
  • Aug 30, 2014 7:52am Aug 30, 2014 7:52am
Quoting Pipotron
{quote} Hi, Anyone tried comparing the indi setup on their mobile devices against MT4's? I've tried it many times and it seems the TDI drawn is vastly different. The TDI on my Android seems to touch 100 pretty often. I've attached both my indi for Andriod and desktop here for EU Daily. Anyone has TDI close to either of mine? Thank you all. {image} {image}
Hi Pipotron,

I realised my phone has the following settings (change RSI to MA) and all look similar to tdi (do not know if I picked it up from somewhere else or I accidentally set it up myself )


Indicator window RSI 13 close, color none, or black

Moving Average 2, simple, close, color green apply to = previous indicator's data

Moving Average 7, simple, close, color red, apply to = previous indicator 's data

EMA 34, simple, color yellow, apply to= first indicator's data
Appreciation is the key to wealth and happiness
  • #40,710
  • Aug 30, 2014 8:05am Aug 30, 2014 8:05am
Quoting likica
{quote} Hi Pipotron, I realised my phone has the following settings (change RSI to MA) and all look similar to tdi (do not know if I picked it up from somewhere else or I accidentally set it up myself ) Indicator window RSI 13 close, color none, or black Moving Average 2, simple, close, color green apply to = previous indicator's data Moving Average 7, simple, close, color red, apply to = previous indicator 's data EMA 34, simple, color yellow, apply to= first indicator's data
I am a no tech/low tech trader so don't come back and ask me why...I only know how to use them in conjunction with PA. I really appreciate those who dedicated their time to build them and share them around for us to use for free.
Appreciation is the key to wealth and happiness
  • #40,711
  • Aug 30, 2014 10:31am Aug 30, 2014 10:31am
Quoting likica
{quote} Hi Pipotron, I realised my phone has the following settings (change RSI to MA) and all look similar to tdi (do not know if I picked it up from somewhere else or I accidentally set it up myself ) Indicator window RSI 13 close, color none, or black Moving Average 2, simple, close, color green apply to = previous indicator's data Moving Average 7, simple, close, color red, apply to = previous indicator 's data EMA 34, simple, color yellow, apply to= first indicator's data
The one Ive put in bold should also be set to 1st indicators data.
  • #40,712
  • Aug 30, 2014 11:57am Aug 30, 2014 11:57am
Quoting likica
{quote} Hi Pipotron, I realised my phone has the following settings (change RSI to MA) and all look similar to tdi (do not know if I picked it up from somewhere else or I accidentally set it up myself ) Indicator window RSI 13 close, color none, or black Moving Average 2, simple, close, color green apply to = previous indicator's data Moving Average 7, simple, close, color red, apply to = previous indicator 's data EMA 34, simple, color yellow, apply to= first indicator's data
Sorry to trouble you all again. EMA 34, if its EMA, then is it exponential or simple?

Thanks again.
  • #40,713
  • Aug 30, 2014 2:49pm Aug 30, 2014 2:49pm
Quoting Pipotron
{quote} Sorry to trouble you all again. EMA 34, if its EMA, then is it exponential or simple? Thanks again.
"E"MA = Exponential MA
"S"MA = Simple MA
  • #40,714
  • Aug 30, 2014 3:37pm Aug 30, 2014 3:37pm
Greetings!

I have a simple question about the indicators that we are all using... just to be sure we are on the same page.
Now, let us break down the INDICATORS

 

  1. We trade the average price bars as described in the E.A.S.Y.Method
  2. The TDI could also be found in this particularly useful PDF
  3. Stochastic is common enough to be clarified by means of a simple Google search
  4. The 200 and 5 MA could be used as S/R levels and a crossover should be noted as an important signal to consider
  5. Now here is my QUESTION: how do we trade the TDI-MTF I know some basic stuff but it would me much appreciated if a veteran TMS or 4xMaster could explain the TDI-MTF to us AND correct any mistakes I may have made thus far.

Bellow I attach a screenshot and a copy of the famous PDF. To be clear my question is only about the TDI MTF but I may have made some fundamental mistakes in my setup and that is why I include it.

Many thanks and happy pippin'.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-30_23-32-26.png Size: 31 KB


Attached File(s)
File Type: pdf E.A.S.Y.Method.pdf   1.8 MB | 2,504 downloads
  • #40,715
  • Aug 30, 2014 10:50pm Aug 30, 2014 10:50pm
I was finally convinced by my I.T boy to get a gaming mouse (Razer) & a merchenical keyboard (Vengeance K70 cherry blue anodizied) which has backlightings and sounds so I won't be too bored while having no signals during my trading time . Does anyone recommend anything else to get trading time more fun beside looking at beautiful charts showing green pips ?

Have a great Sunday to all.
Appreciation is the key to wealth and happiness
  • #40,716
  • Edited Aug 31, 2014 7:10am Aug 30, 2014 11:45pm | Edited Aug 31, 2014 7:10am
Halo's good, that way you could practice shooting down aliens before they invade from planet XX_17. Nasty job but somebodies got to do it. "Side's you get to go caving, you get to go explore the aliens fortifications, you get to drive fantastic vehicles, you get to fire nasty weaponry ( good fun sniping the enemy), and you get to talk with Cortana the heroine of the saga.
Course I'm kidding, that I.T. boy of yours will soon claim the razer for himself, cunning lad he is
"You know what needs to be addressed , completely completely reverse that".
  • #40,717
  • Aug 31, 2014 1:05am Aug 31, 2014 1:05am
Quoting Pipotron
{quote} Sorry to trouble you all again. EMA 34, if its EMA, then is it exponential or simple? Thanks again.
These are the settings I use on my android mobile, I've replicated the settings on my normal platform so you can see its just about as close as you're going to get (bottom window).

Set the RSI to 13 and the colour to none or your chart background colour, (if you're trying it out on mt4 then untick the minimum and maximum boxes under the common tab)
Drag a moving average 2 simple set to previous indicators data to the same window and set it to colour green
Drag a moving average 7 simple set to first indicators data to the same window and set it to colour red
Drag a moving average 34 simple set to first indicators data to the same window and set it to colour dark goldenrod
Attached Image (click to enlarge)
Click to Enlarge Name: android.png Size: 44 KB
  • #40,718
  • Aug 31, 2014 5:34am Aug 31, 2014 5:34am
Hi likica,
Hope you had a good week end.

I've noticed that you like playing around with indis, so i think you might be able to help..
I'm trying to find a 3 line ADX indi for the new mt4, do you perhaps have one.
I cant get one to work with the new mt4...
Thanks
Attached Image
  • #40,719
  • Aug 31, 2014 6:56am Aug 31, 2014 6:56am
Quoting lastingwell
{quote}The bar that is open changes colour to show you its not a closed bar, you can change it to not change colour in the inputs if you prefer.
Thanks for your reply .
I think I didn't explain too well . What I meant was the green line on the TDI sometimes gets a different coloured end on it , what is the coulor change telling us ?
  • #40,720
  • Aug 31, 2014 1:43pm Aug 31, 2014 1:43pm
Quoting lastingwell
{quote} These are the settings I use on my android mobile, I've replicated the settings on my normal platform so you can see its just about as close as you're going to get (bottom window). Set the RSI to 13 and the colour to none or your chart background colour, (if you're trying it out on mt4 then untick the minimum and maximum boxes under the common tab) Drag a moving average 2 simple set to previous indicators data to the same window and set it to colour green Drag a moving average 7 simple set to first indicators data to the same window and...
Thanks for posting the MA values - matches up nicely with what I do on the day charts
"To live with Passion, it takes Courage and Grace to survive"
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