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Trading Made Simple

  • #43,261
  • Nov 4, 2014 11:08pm Nov 4, 2014 11:08pm
I ve been messing around with trades taking on H4 resulting lots of red pips . I guess I missed the secret of H4
Now back to my normal scout M5 M15.
EA long on M15
Attached Image (click to enlarge)
Click to Enlarge Name: EA M15 buy Wed 5.11.14 in progress.png Size: 39 KB
Appreciation is the key to wealth and happiness
  • #43,262
  • Nov 4, 2014 11:25pm Nov 4, 2014 11:25pm
Quoting toledoFX
{quote} Thank you for the answer! Watching trades on M15 too, but can you please tell more what you mean about EMA10 on H4? Price did broke it in that moment on EUR/AUD and it was looking not bad.
Here this was the trade, didn't manage to see the trend line forming, just later on yesterday when PA moved up
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #43,263
  • Nov 5, 2014 12:22am Nov 5, 2014 12:22am
Quoting lddd
Hello, i am new to this thread and its quiet confusing. 1) Is there a EA for this system here? If so what latest files do i need? Maybe anyone can hit me up with latest informations in some easy words what this is about here, how long its been traded live by anyone with or without success. thanks in advance
No EAs here, apart from the euraud pair One of the first posts says that EAs DONT WORK in the long run, so why would we want an EA.. Plain TDI crosses is all we want, keeping it simple.
  • #43,264
  • Edited 12:58am Nov 5, 2014 12:48am | Edited 12:58am
Trying to squeeze in a quick scalp before Brittish PMIs hammer the pound.. Will close with whatever I've got before release
Learned from yesterday Completely missed the fact that it was the manufacturing data and the PMIs that drove the pound thousands of pips lower

edit: took profit at +30... I'm happy with that much and don't want to give back
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPAUDM15 tp.png Size: 47 KB
  • #43,265
  • Nov 5, 2014 1:41am Nov 5, 2014 1:41am
Quoting WDays
Trying to squeeze in a quick scalp before Brittish PMIs hammer the pound.. Will close with whatever I've got before release Learned from yesterday Completely missed the fact that it was the manufacturing data and the PMIs that drove the pound thousands of pips lower edit: took profit at +30... I'm happy with that much and don't want to give back {image} {image}
nicely done WDays
Appreciation is the key to wealth and happiness
  • #43,266
  • Nov 5, 2014 1:45am Nov 5, 2014 1:45am
Quoting likica
{quote} nicely done WDays
Thanks, and congratz on your EA trade (I hope that one closed nicely)!

It would appear we're "correlative-pair buddies"
  • #43,267
  • Nov 5, 2014 2:08am Nov 5, 2014 2:08am
Hello everybody, this is my view for AJ ... both H4 and H1 confirmation, I like the candle setup on top,

Attached Image (click to enlarge)
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Just now as I'm typing I closed half lot, 98.88 +28 pips.
Set SL to BE+2 and let it go.

my two cents, cheers.
Lorenzo
  • #43,268
  • Nov 5, 2014 2:25am Nov 5, 2014 2:25am
Quoting lorbax
Hello everybody, this is my view for AJ ... both H4 and H1 confirmation, I like the candle setup on top, {image} Just now as I'm typing I closed half lot, 98.88 +28 pips. Set SL to BE+2 and let it go. my two cents, cheers.
good shot Lorbax. I missed the move.
Appreciation is the key to wealth and happiness
  • #43,269
  • Nov 5, 2014 2:28am Nov 5, 2014 2:28am
Quoting WDays
{quote} Thanks, and congratz on your EA trade (I hope that one closed nicely)! It would appear we're "correlative-pair buddies"
thank you. I closed it too early (eyes were busy focusing on M5 ).
just wondering if you are in any Jen trade today?
Appreciation is the key to wealth and happiness
  • #43,270
  • Nov 5, 2014 2:33am Nov 5, 2014 2:33am
Quoting likica
{quote} thank you. I closed it too early (eyes were busy focusing on M5 ). just wondering if you are in any Jen trade today?
No, I didn't dare :/ I had a weird couple of candles before LO so I decided I'd stay out. In hindsight, since I was preparing for some bears to jump in with services PMI readings, I could have scalped 50 pips off GJ easily with a well placed LO short (using m15), but that would have gotten way too complicated. I saw GA was kinda setting up, but had bad m15 PA, so I waited to see if the first m15 candle would close lower, a few minutes before it closed it started to go up and I took advantage to enter long and thus got my 30 pips. I used the M15 PA and the H1-H4 TDIs on it (I disregard entirely the m15 TDI) for the first time today, been thinking about it ever since Lastingwell told me about it.

Frankly speaking, I expected yens to be a bit more prone to movements this week, but I should have seen a good ol' 100 pip range/consolidation coming...
  • #43,271
  • Nov 5, 2014 2:45am Nov 5, 2014 2:45am
Quoting likica
{quote} good shot Lorbax. I missed the move.
Thanks ..still learning with your great support on here
it was quite fast at @11.00 (GMT+1) and I was switching from H1 to H4 and back, and I missed GJ too, but ok ...
Lorenzo
  • #43,272
  • Nov 5, 2014 2:50am Nov 5, 2014 2:50am
EURAUD +70pips
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  • #43,273
  • Nov 5, 2014 3:51am Nov 5, 2014 3:51am
Quoting manoj_3986
EURAUD +70pips {image}
Nice trade, I went to bed and missed it.
  • #43,274
  • Nov 5, 2014 3:53am Nov 5, 2014 3:53am
Quoting manoj_3986
EURAUD +70pips {image}
Great Manoj

Just keep doing this one day you will rock.
  • #43,275
  • Nov 5, 2014 4:00am Nov 5, 2014 4:00am
Something I've often puzzled about: 99.9% of indicators are a consequence of price, price is not a consequence of indicators, so why not just trade price?
  • #43,276
  • Nov 5, 2014 4:01am Nov 5, 2014 4:01am
Thanks mkfx & Next4467.
  • #43,277
  • Nov 5, 2014 4:03am Nov 5, 2014 4:03am
Quoting Tanglewood
Something I've often puzzled about: 99.9% of indicators are a consequence of price, price is not a consequence of indicators, so why not just trade price?
if you try to trade price bar than lot of noice
  • #43,278
  • Nov 5, 2014 4:13am Nov 5, 2014 4:13am
Quoting Tanglewood
Something I've often puzzled about: 99.9% of indicators are a consequence of price, price is not a consequence of indicators, so why not just trade price?
Because you can't always tell what price is trying to say Take the TDI for instance, it doesn't always cross when there's a candle in the opposite direction, does it? Essentially what mkfx said, markets are too noisey.

Indicators are merely tools, of course you need to pay attention to price, what indicators do is analyse the data, they smooth it out for you and give you information on what's going on, and that's the beauty of the TDI and the TMS system. You look at certain types of crosses which indoubtebly bring profit, that's why Big E. wanted us to look at the TDI for our entries, that's why it's the main component of this system, not raw price in itself. It's much easier to work with than with raw data.
  • #43,279
  • Nov 5, 2014 4:33am Nov 5, 2014 4:33am
USDJPY
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #43,280
  • Nov 5, 2014 4:48am Nov 5, 2014 4:48am
Quoting Tanglewood
Something I've often puzzled about: 99.9% of indicators are a consequence of price, price is not a consequence of indicators, so why not just trade price?
you can.
but, price can have basically two directions: UP or DOWN, and even if "past replays in the future" it doesn't mean there is a 1:1 correlation between what it did before with that it will do later...

example if you have a series of 10 moves: up,down,up,down,up,down,up,down,up,down ... the 11th might be "up", but can you be 100% sure of it? and if it's down??

So basically with price you only have a 50% of chances to go in the direction you want, then you have to sum commissions, then you have to sum that you're not always in front of the computer so maybe you lose some entries, then you have to sum that you don't exit in the very right moment, so in the end you have less than 50% to "get it right" if you just randomly open positions, although it seems it's "50-50".

Said so, people use indicators, which yes depend on price, to "filter" price moves, and so if you have price + 3 indicators you assign an hypothetical weight to them like this: price 25%, rsi 25% , stochastic 25% , tdi 25% (it's only an example!) ... so at some point you have

price : up
rsi: up
stoch: down
tidi: up

You end up having 75% up and 25% down, and you can decide to enter long, because, IF YOUR STRATEGY IS CORRECT, you have an "EDGE" over the "50-50" situation I told you about before.
Every trader then can decide how many and which indicators to use, and consider that if you using too many, you will end up having again 50% down, 50% up, which is useless, so it's very necessary to keep few indicators, keep it simple, TRADING MADE SIMPLE.


Does it make sense?
Lorenzo
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