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Trading Made Simple

  • #44,281
  • Nov 19, 2014 9:30am Nov 19, 2014 9:30am
Quoting nods80
{quote} I was only in the one trade.
sorry must of looked at the wrong screen shot

enjoy your curly wirly
  • #44,282
  • Nov 19, 2014 9:35am Nov 19, 2014 9:35am
Quoting lastingwell
{quote}Its not a bottom up approach, its still top down but simpler. In my particular case I am looking at the h1 chart but really trading h4, the tdi has to show a turn or trend on h4 before I will even consider a trade on H1, the same goes for H4/D1 or m15/h1. How many people on this thread consistently lose money trying to just trade every cross they see or trade an inside bar with tdi confirmation without taking the next higher timeframe into account, by the amount of pm's I get its a lot of people. I have said it many times on this thread that...
ya, you are right lastingwell. thanks for the words. i traded CHFJPY & EURJPY yday and hit SL. pain in d ass but lesson learnt. I did not see the higher tf (D1/H4) when enter at lower tf (H4/H1)

thanks again!
  • #44,283
  • Nov 19, 2014 9:39am Nov 19, 2014 9:39am
What are your thoughts on this set up?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.PNG Size: 39 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,284
  • Nov 19, 2014 9:43am Nov 19, 2014 9:43am
Oil is diving.
Attached Image (click to enlarge)
Click to Enlarge Name: oil M15 M30 short Wed 19.11.14 +52.png Size: 81 KB
Appreciation is the key to wealth and happiness
  • #44,285
  • Nov 19, 2014 9:47am Nov 19, 2014 9:47am
Quoting nods80
What are your thoughts on this set up? {image}
Why do you need our thoughts? Look at the setup, look at what the higher timeframe is doing and make the decision... It's the same shit over and over again until it becomes second nature (still working on that part myself) and reading what we think about it can at best bias you not to take the trade or at worst make you take the trade because you'd have confidence seeing as how some of us would give you the metaphorical green light and lead to you losing money.
  • #44,286
  • Nov 19, 2014 9:48am Nov 19, 2014 9:48am
Nods80,

I like it, but look at your daily chart for s/r (target).

Always get your s/r from the next higher time frame.
The 4 hour feeds into the daily, but the daily is the king!
  • #44,287
  • Nov 19, 2014 9:49am Nov 19, 2014 9:49am
Quoting likica
Oil is diving. {image}
Hi Likica. What indicator do you use to predict the ATR and display the multiple TF direction? Is it smth you can share?
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,288
  • Nov 19, 2014 9:50am Nov 19, 2014 9:50am
Quoting nods80
What are your thoughts on this set up? {image}
My thoughts are I would not take the trade as it is at daily and weekly support but I am a newbie and on a steep learning curve at the minute
  • #44,289
  • Nov 19, 2014 9:55am Nov 19, 2014 9:55am
Quoting snarlyjack
Nods80, I like it, but look at your daily chart for s/r (target). Always get your s/r from the next higher time frame. The 4 hour feeds into the daily, but the daily is the king!
Totally agree, d1 is incredible !
I transfered my yesterday H4 ECad entry into D1 .. 90 pips in profit and still running ..
thanks man .. you inspired me for that !
http://www.forexfactory.com/showthre...42#post7882642
Opened yesterday a EA long order , 160 pips + right now. ( all demo )
I trade since 7 years live , but I never had more than 180 pips a day..
Incredible !!!

Guido
Risiko birgt immer auch die Chance.
  • #44,290
  • Nov 19, 2014 9:59am Nov 19, 2014 9:59am
Quoting wdays
{quote} why do you need our thoughts? look at the setup, look at what the higher timeframe is doing and make the decision... It's the same shit over and over again until it becomes second nature (still working on that part myself) and reading what we think about it can at best bias you not to take the trade or at worst make you take the trade because you'd have confidence seeing as how some of us would give you the metaphorical green light and lead to you losing money.
agreeeeeeeeeeeeeeeeeeeeeeeeeeeeeee 1000000000000000000000%
Lorenzo
  • #44,291
  • Nov 19, 2014 9:59am Nov 19, 2014 9:59am
Quoting snarlyjack
Nods80, I like it, but look at your daily chart for s/r (target). Always get your s/r from the next higher time frame. The 4 hour feeds into the daily, but the daily is the king!
Thanks, at the most i think it's worth 20-30 pips the daily is pulling back a bit. HA candles getting smaller. So will pass.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,292
  • Nov 19, 2014 10:04am Nov 19, 2014 10:04am
Quoting nods80
{quote} Hi Likica. What indicator do you use to predict the ATR and display the multiple TF direction? Is it smth you can share?
I use M15 ATR(7) x 1.5 or S/R.
I always checked H1, but displayed M30, M15, M5 (sometimes M1).
I found M15 signals are reliable and could move +50.
I took signals on M5 M1 at S/R (bounced off 200ma etc.) with support from M15 (do not go against signal on M15).
Hope it makes sense...
Would love to hear from your experience on oil too.
Appreciation is the key to wealth and happiness
  • #44,293
  • Nov 19, 2014 10:07am Nov 19, 2014 10:07am
Quoting Sesamstrasse
{quote} Totally agree, d1 is incredible ! I transfered my yesterday H4 ECad entry into D1 .. 90 pips in profit and still running .. thanks man .. you inspired me for that ! http://www.forexfactory.com/showthre...42#post7882642 Opened yesterday a EA long order , 160 pips + right now. ( all demo ) I trade since 7 years live , but I never had more than 180 pips a day.. Incredible !!! Guido
congrats! haha..

Snarlyjack,
when u say turn H4 to D1, it means what? adding more lots or just view it as D1 or re-entry?
thanks.
  • #44,294
  • Nov 19, 2014 10:33am Nov 19, 2014 10:33am
Ok...

It's almost lunch time in N/Y so the market will probably slow down
for the next couple of hours. You always have to factor in lunch
time cause the market has low volatility.

Sesamstrasse,

See how well it works! It's like a ray of sunshine...

L14myj,

What I try to do is make my entries on the 4 hour chart. If everything is going
good, I'll make my exit on the daily using (eod) end of day. In other words close
at the end of N/Y session at 5:00 p.m. (N/Y time).

If I'm on the 4 hour chart and it's not going good or it starts stalling & retracing
I'll close the trade on the 4 hour chart.

If your in a good trend on the daily chart, I'll use set & forget strategy and just
let the trade play out on the daily. In trading patience pays off...

I hope I explained that good? If not I'll try to explain it better...
  • #44,295
  • Nov 19, 2014 10:44am Nov 19, 2014 10:44am
Quoting snarlyjack
Ok... It's almost lunch time in N/Y so the market will probably slow down for the next couple of hours. You always have to factor in lunch time cause the market has low volatility. Sesamstrasse, See how well it works! It's like a ray of sunshine... L14myj, What I try to do is make my entries on the 4 hour chart. If everything is going good, I'll make my exit on the daily using (eod) end of day. In other words close at the end of N/Y session at 5:00 p.m. (N/Y time). If I'm on the 4 hour chart and it's not going good or it starts stalling & retracing...
Hi SJ,
u explained it very well and added more advice as well.
thanks! am holding EU @ 1.2428.. +20pips and still on-going.. seemed like a good trade on daily chart. i presume.. this is it. as u explained earlier.. set & forget strategy.
  • #44,296
  • Edited 11:52am Nov 19, 2014 11:41am | Edited 11:52am
Quoting snarlyjack
Greenb, I think when a person is very patient with their trades amazing things happen...enjoy your nap!
patient is a virtue right?
really did enjoy my nap Nice day out, chilly but with no rain..refreshing
EJ and AJ still going there, GU was taken out on BE+2 so no lost yay!! next trading day will tell if GU going to correction or continues down trend, good info for BE.
and if it's actually time for long, well i can always get back in using daily tf as fresh start or back to 1h tf skunk work
Daniel
  • #44,297
  • Nov 19, 2014 11:49am Nov 19, 2014 11:49am
Quoting twellve
Hi All - On page 17 of reviewing method and loving how friendly and helpful everyone is but had to check it hadnt fizzled out as Im coming in very late in the day Still dont understand crossing as red always crosses green (TDI CHART) and so dont know what ones are good and which ones are bad? Is there a you tube video anywhere on someones views on this method as quite stressful not knowing Also how do I get those nice arrows are they only for people that pay etc? Apologies if this is all on page 18.... Back to reading all the great posts
nonono
its green that always crosses red. Green has a faster movement (short term) while red is slower (medium term).
how do you know if it's good or bad...you don't even the best setup could go wrong ie. natural disaster
but really, it's all about the angle of TDI 12-2 for long 4-6 for short. the steeper the better.

arrow? like the one in my chart? its because http://33.media.tumblr.com/tumblr_l7...s55lo1_400.gif
.
.
nahh...it's called xtdi-arrow. you can search for it on the forum's attachment. also need to have Traders_Dynamic_index in your indies for it to work
Daniel
  • #44,298
  • Nov 19, 2014 12:32pm Nov 19, 2014 12:32pm
Quoting lastingwell
{quote} Hello Kouroushi, can you tell me what time that was taken as its difficult to tell from the image.
That was 14th Nov at 13:00GMT
By the way, the candles are price bars not HA's. Do you believe in the rule of entry within the first 2-3 bars of color change of HAs?
Looking forward
  • #44,299
  • Nov 19, 2014 12:39pm Nov 19, 2014 12:39pm
Quoting Bizzzle
{quote} For me the TDI on the hourly didn't cross on the first candles, so would not be a trade! If the first candle had a good amount of momentum the TDI would have cross on it.... you entered on candles 3 which would have been too late! Look at the GU today did you see the Size of candle and angle of the TDI, yes it was a bounce trade but had lots of momentum.... As lastingwell has said many time only trade the best setups! Just my opinion
Thank you Bizzzle,
I should admit that unfortunately I don't use HA candles & the bars in my chart are price's.
  • #44,300
  • Nov 19, 2014 12:40pm Nov 19, 2014 12:40pm
L14myj,

Currently, I'm short the eur/usd & gbp/usd. The trend on the daily
is down. If your long those pairs your fighting a very strong set of guppy
moving averages that are going to be hard for the market to
break through. I've been using a "set & forget" strategy on those pairs.
The long term guppy moving averages on the daily chart are
super accurate!

But anything can & will happen. Remember this is a probability game!

Hope this helps you...

sj
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