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Trading Made Simple

  • #40,861
  • Sep 5, 2014 9:38am Sep 5, 2014 9:38am
Quoting likica
{quote} Thank you Adam. Hope you had a good day today too.
Didn't get chance to trade today, will hit the ground running on Monday....Ahem
Pip Goes The Weasel
  • #40,862
  • Sep 5, 2014 11:10am Sep 5, 2014 11:10am
Quoting emmanuel7788
{quote} Fx94, The problem is highlighted in what your wrote. The rest of details I PM you later. Regards, Emmanuel
I am still in the process of reading all your posts. Good stuff. Meaning your logic behind TDI works. I display the Sentiment line but don't use it to trigger my trades. The argument for it is your first 2 trades could have been avoided, they were below the line. The trades were long. My preferred period is Daily. Please keep posting when applicable.
  • #40,863
  • Sep 5, 2014 2:54pm Sep 5, 2014 2:54pm
Quoting TheScorpS
GJ_H1 +50 I took that trade based on previous day downtrend and the touch of EMA 10, MBL also acted as resistance on green and red Divergence on M15 too added to the trade {image}
Great trade again The Scorps . Looks like Your knowledge of the 10 EMA got you into the trade 2 or 3 bars before the TDI cross , I was not quite sure what you meant about the MBL acting as resistance , could you please explain that a bit more ?
  • #40,864
  • Sep 5, 2014 8:38pm Sep 5, 2014 8:38pm
Quoting likica
{quote} Nice Gj trade . here is my +40p from Oil scalp trade taken this morning (got in a bit late but Div too good...) {image}

Good trade Likica, good explanation chart as well with those div lines. Are you spotting those divergences by eye, that's talent
I know about divergence but don't look for them, maybe I should start training my eye. So much to learn, so much to learn, what shall I do, what shall I do

Nice to see you adding pips to your trade explorer, keep it going

Kev
"You know what needs to be addressed , completely completely reverse that".
  • #40,865
  • Edited 12:59am Sep 6, 2014 12:49am | Edited 12:59am
Quoting robuk
{quote} Great trade again The Scorps . Looks like Your knowledge of the 10 EMA got you into the trade 2 or 3 bars before the TDI cross , I was not quite sure what you meant about the MBL acting as resistance , could you please explain that a bit more ?
Hi

2 things you can consider in same situation, previous trend down, so I was ready to short this pair at market open, but if I waited LO theres a tendency that the price will run away from the touch of EMA 10 , so that spot was the best price I could get on-board

Now TDI was crossing MBL, and some traders might think long, but from backtesting and forward testing in trending market, often LO or FO will set the high as Phx62 always told us, often PA will print 2 candles in row in different color, in downtrend it will print most likely 2 blue candles at FO last hour and LO first hour or at LO + 2 hours, from there PA will fail to break MBL and turns into the direction of the prevailing trend

At the time of opening the trade , you will see that TDI is crossing MBL and will cross over but later on TDI will turn over and continue in the direction of the trend, so here I called it MBL acting as resistance, often PA will falsely break resistance and pullback in the direction of the trend , and it does the same with MBL

So far what I have noticed too that LO will set the high or low based on M15 divergence, have seen that many times, but I still cant get into the mentality of getting it right , so that alone is a work in progress, in GJ case there was M15 divergence too

Also TDI often makes double tops or bottom, in this GJ short it made double tops, so that also something I like to watch and takes trades based on that too

So call that TDI double tops too
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_MBL_TDI double tops.jpg Size: 321 KB
I Have Learned to Take Some Losses to Make Profits
  • #40,866
  • Sep 6, 2014 4:36am Sep 6, 2014 4:36am
Quoting TheScorpS
{quote} Hi 2 things you can consider in same situation, previous trend down, so I was ready to short this pair at market open, but if I waited LO theres a tendency that the price will run away from the touch of EMA 10 , so that spot was the best price I could get on-board Now TDI was crossing MBL, and some traders might think long, but from backtesting and forward testing in trending market, often LO or FO will set the high as Phx62 always told us, often PA will print 2 candles in row in different color, in downtrend it will print most likely 2...
Superb trading and great explanation , I hope someday I can remember all of these things in the heat of battle , I struggle to do that .
  • #40,867
  • Sep 6, 2014 9:21am Sep 6, 2014 9:21am
Quoting Kmw
{quote} Good trade Likica, good explanation chart as well with those div lines. Are you spotting those divergences by eye, that's talent I know about divergence but don't look for them, maybe I should start training my eye. So much to learn, so much to learn, what shall I do, what shall I do Nice to see you adding pips to your trade explorer, keep it going Kev
Thanks for your supports Kmw. I love div so it could not get away without me, dont need indies for such a beautiful setup.
Ah, didn't know someone actually keep an eye on my trade explorer while I was so naughty with this acct. will behave myself from now on
Appreciation is the key to wealth and happiness
  • #40,868
  • Edited Sep 7, 2014 8:33am Sep 6, 2014 10:53am | Edited Sep 7, 2014 8:33am
Quoting likica
{quote} Thanks for your supports Kmw. I love div so it could not get away without me, dont need indies for such a beautiful setup. Ah, didn't know someone actually keep an eye on my trade explorer while I was so naughty with this acct. will behave myself from now on
Ha, wondered about ya when I first saw your explorer a few weeks back, the way it had gone down I was just happy to see last weeks winning trades in there.
My first live account a couple of years ago was going down as well so I left trading before I lost it all.
As for naughty, my own trade explorer will show the last seven trades as naughty trading as well, I got stuck short in a couple of pairs during the week I did a hedge to get them back. Made good pips doing it but I regarded the whole episode as dirty trading. I really need to trade clean like some of the people in here. I'll explain more tomorrow in another post about that. Midnight here
"You know what needs to be addressed , completely completely reverse that".
  • #40,869
  • Sep 7, 2014 5:15am Sep 7, 2014 5:15am
hey mates
would anyone kindly attached HA Smoothed for New Build? cant find proper one with all iinputs like MAMethod, MA Period 1 and 2 etc)

also TDI for new build?

thx
always draw trendlines
  • #40,870
  • Sep 7, 2014 9:39am Sep 7, 2014 9:39am
This system is one of the best out there right now i have mastered it and now iam doing well it it, awesome stuff...
  • #40,871
  • Sep 7, 2014 10:02am Sep 7, 2014 10:02am
Quoting Fx94
Hey traders, Very bad day for me today. Lost over 150 pips
I've borrowed your chart FX94, trust you don't mind. I did better than you in this pair but I cannot say of my trading that it was it was good clean trading, I think of it as dirty. I had to resort to a hedge as I took sells as the EUR went up against the JPN, doing it 3 times as the EUR continued to climb finally placing that single buy right where the PA eventually stopped. Ain't that always the way . This was Tuesday evening my time. I spent Wednesday scalping this and the other pair I had been trapped in the same way at the same time the previous evening (shush you lot ) gaining 98 pips. Thursday came and very little action at all though I was able to exit the other trade with a few pips profit leaving just the EURJPN still running. Looking at the chart thinking it'll take a couple of days to come down. Saying that because overall I saw the pair was in a downtrend and I expected it to resume doing so longterm. I turned mt4 off and loaded a game up and played that for a while. finishing a couple of chapters and decide to check mt4 once again to find I was 300 pips in profit. ( remember I was multilot trading ) Closed all 5 trades as quickly as I could upon seeing that.

Maybe I should have stayed in on those sells as the pair eventually went to around 200% fib, That would have been a phenomenal trade, but I was happy to be out of the trade in the way I finally exited.

Now to the chart, first thing I noticed is that you brought in a downtrend, The yellow line in the TDI indicator shows that. Your bad . I did the opposite, sold in an uptrend, my bad , only I got away with it THIS TIME

The actual numbers are in the trade explorer if anyone wanst to have a gander at them
Attached Image
"You know what needs to be addressed , completely completely reverse that".
  • #40,872
  • Sep 7, 2014 10:14am Sep 7, 2014 10:14am
Would you lot believe I got trapped in the GBPUSD over the weekend, went short, pair went long Kev you idiot But I should get this one back as overall this pair's in a long term downtrend
"You know what needs to be addressed , completely completely reverse that".
  • #40,873
  • Sep 7, 2014 2:18pm Sep 7, 2014 2:18pm
Quoting Kmw
Would you lot believe I got trapped in the GBPUSD over the weekend, went short, pair went long Kev you idiot But I should get this one back as overall this pair's in a long term downtrend
you hope it comes back ....
  • #40,874
  • Sep 7, 2014 3:14pm Sep 7, 2014 3:14pm
Quoting Kmw
Would you lot believe I got trapped in the GBPUSD over the weekend, went short, pair went long Kev you idiot But I should get this one back as overall this pair's in a long term downtrend
your short is looking good
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.png Size: 42 KB
the cautious seldom err....C
  • #40,875
  • Sep 7, 2014 6:42pm Sep 7, 2014 6:42pm
Quoting Kmw
Would you lot believe I got trapped in the GBPUSD over the weekend, went short, pair went long Kev you idiot But I should get this one back as overall this pair's in a long term downtrend
wow! u r legend, your trade explorer is looking handsome.
Have a good week to all of us with lots of green pips!
Appreciation is the key to wealth and happiness
  • #40,876
  • Sep 7, 2014 6:51pm Sep 7, 2014 6:51pm
Quoting pips29
{quote} your short is looking good {image}
your chart looks so simple with green pips Pips29. I would be panic and exit the trade at that blue spike up . .
Appreciation is the key to wealth and happiness
  • #40,877
  • Sep 7, 2014 11:40pm Sep 7, 2014 11:40pm
A nice, easy, 4 day H4 trade that hit TP over the weekend. A lot less stress and monitoring.
Trade was taken on the H1 time frame at LO following a PCRF and then moved to the H4 time frame after a strong move down.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.9.7gj h4.png Size: 82 KB
  • #40,878
  • Sep 7, 2014 11:48pm Sep 7, 2014 11:48pm
Quoting Phx62
A nice, easy, 4 day H4 trade that hit TP over the weekend. A lot less stress and monitoring. Trade was taken on the H1 time frame at LO following a PCRF and then moved to the H4 time frame after a strong move down.{image}
I am speedless . ah, thanks for your post Phx62
Appreciation is the key to wealth and happiness
  • #40,879
  • Sep 8, 2014 12:47am Sep 8, 2014 12:47am
Quoting Phx62
A nice, easy, 4 day H4 trade that hit TP over the weekend. A lot less stress and monitoring. Trade was taken on the H1 time frame at LO following a PCRF and then moved to the H4 time frame after a strong move down.{image}
Isnt that wonderful, fascinating trade and results, master of TMS and H1 trading Phx62 thank you sir for enlighten us with ur chart , have a nice week a head and many green pips to you
I Have Learned to Take Some Losses to Make Profits
  • #40,880
  • Sep 8, 2014 1:08am Sep 8, 2014 1:08am
Quoting Phx62
A nice, easy, 4 day H4 trade that hit TP over the weekend. A lot less stress and monitoring. Trade was taken on the H1 time frame at LO following a PCRF and then moved to the H4 time frame after a strong move down.{image}


Thanks Phx62
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