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Trading Made Simple

  • #48,821
  • Jan 6, 2015 9:23pm Jan 6, 2015 9:23pm
Quoting snarlyjack
{quote} Hi Cristy, I have a suggestion for you. My favorite time frame is the daily chart. By trading the daily you will have time for your family, work, life, etc. I trade off the daily chart all the time. Put on your trade in the Asia session, check on it in the London session & close out in the N/Y session. Rinse & repeat everyday. You will have lot's of time for life! Imho, it is the best way to trade Use the same system... just a better time frame for you & your life. If you need any help please feel free to ask. sj
How do you manage the 1D trades? I always thought that trading in Big time frames you would need big money for that.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,822
  • Jan 6, 2015 9:23pm Jan 6, 2015 9:23pm
Quoting likica
{quote} I give u an example from one of my trades I took yesterday (Tues my time) on GU with H4, H1 M30 view and you can apply to your TF with similar rules, where I entered on M30/H1,. you can see how good TDI looked on M30 ( I dont always take snapshot of all my entries with 3 charts tho) {image}
Appreciate your help so much!


From your charts, when you are trading the M30 chart, we just need to look for a hook-over on the H4 chart? Do we need to wait for cross over or that will be too late?

And on the M30 chart, its the second candle that we should take upon TDI confirmation? Also, do we have to wait for the TDI to cross over 50 for the right momentum because while I was reading back Big E's charts, it seems he takes not only at 50.

How would you define your TP as well? Is it at the support of the previous H4 candles around 1.5200 regions?
  • #48,823
  • Jan 6, 2015 9:31pm Jan 6, 2015 9:31pm
Quoting redcloudxlll
{quote} How do you manage the 1D trades? I always thought that trading in Big time frames you would need big money for that.
Redcloud,

I've been trading the daily chart for years. You can trade
it with micro, mini, or standard contracts. In other words you
can adjust your risk with position sizing.

The daily is by far my favorite chart, especially if your a busy person...

sj
  • #48,824
  • Jan 6, 2015 9:33pm Jan 6, 2015 9:33pm
Quoting snarlyjack
{quote} Redcloud, I've been trading the daily chart for years. You can trade it with micro, mini, or standard contracts. In other words you can adjust your risk with position sizing. The daily is by far my favorite chart, especially if your a busy person... sj
That's awesome. How long do you keep your trades open for?
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,825
  • Jan 6, 2015 9:44pm Jan 6, 2015 9:44pm
Quoting redcloudxlll
{quote} That's awesome. How long do you keep your trades open for?
Redcloud,

I'm telling you all my secrets...
The daily chart is awesome. You can trade the 1 candle
or you can let it run. My shortest trade is about 8 hours,
my longest trade about 2 weeks (super profitable in the
right conditions).

I'm convinced that Emmanuel trades the daily chart a lot!
But he also likes to scalp the 1 hour charts. No reason a
person can't do both, I'm sure a lot of people do.

The only problem, the daily is it is boring. So why not trade
the daily & hourly together. Separate trades but same idea.
Emmanuel can show you how

Just a idea for you...
sj
  • #48,826
  • Jan 6, 2015 9:47pm Jan 6, 2015 9:47pm
Quoting snarlyjack
{quote} Redcloud, I'm telling you all my secrets... The daily chart is awesome. You can trade the 1 candle or you can let it run. My shortest trade is about 8 hours, my longest trade about 2 weeks (super profitable in the right conditions). I'm convinced that Emmanuel trades the daily chart a lot! But he also likes to scalp the 1 hour charts. No reason a person can't do both, I'm sure a lot of people do. The only problem, the daily is it is boring. So why not trade the daily & hourly together. Separate trades but same idea. Emmanuel can show you...
Yes. I would love to learn, I do want to make this my only source of income. What's boring when you leave your computer come back after a few hours and just drive to the bank to withdraw with a smile on your face!!! I saw a picture of your Bike you posted awhile back!! nice. My goal is a porsche that's what I'm shooting for.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,827
  • Jan 6, 2015 9:54pm Jan 6, 2015 9:54pm
Quoting redcloudxlll
{quote} Yes. I would love to learn, I do want to make this my only source of income. What's boring when you leave your computer come back after a few hours and just drive to the bank to withdraw with a smile on your face!!! I saw a picture of your Bike you posted awhile back!! nice. My goal is a porsche that's what I'm shooting for.
Redcloud,

If you want excitement trade the 1 minute chart.
If you want serious money trade the daily.
I don't think George Sorius (famous trader) trades the 1 minute,
I think he trades the daily with position sizing...
sj
  • #48,828
  • Jan 6, 2015 9:55pm Jan 6, 2015 9:55pm
Quoting birdnest
{quote} Appreciate your help so much! From your charts, when you are trading the M30 chart, we just need to look for a hook-over on the H4 chart? Do we need to wait for cross over or that will be too late? And on the M30 chart, its the second candle that we should take upon TDI confirmation? Also, do we have to wait for the TDI to cross over 50 for the right momentum because while I was reading back Big E's charts, it seems he takes not only at 50. How would you define your TP as well? Is it at the support of the previous H4 candles around 1.5200...
I dont wait for H4 to cross, hook will do for me, PA on M30 play very important and not just TDI cross. As SJ mentioned, trading on small TF is not easy

Here is the outcome of GU short on M30, PT at prev/ RN... just for your visual. It moved further more but I was ok with my PT at that moment, still trying to see further
Attached Image (click to enlarge)
Click to Enlarge Name: 6.1.15 GU M30 H1 short LO +40.png Size: 43 KB
Appreciation is the key to wealth and happiness
  • #48,829
  • Jan 6, 2015 10:04pm Jan 6, 2015 10:04pm
Quoting snarlyjack
{quote} Redcloud, I'm telling you all my secrets... The daily chart is awesome. You can trade the 1 candle or you can let it run. My shortest trade is about 8 hours, my longest trade about 2 weeks (super profitable in the right conditions). I'm convinced that Emmanuel trades the daily chart a lot! But he also likes to scalp the 1 hour charts. No reason a person can't do both, I'm sure a lot of people do. The only problem, the daily is it is boring. So why not trade the daily & hourly together. Separate trades but same idea. Emmanuel can show you...

Hi SJ,

Wisdom from an experienced trader, it did not go unnoticed.

I've included the UJ chart which looks to be in conflict to me, the daily has nice separation on the Guppy's indicating a strong uptrend, the 4 hour has put in a second lower low after a lower high breaking the uptrend and the Guppy's are rolling over, and the H1 chart is rallying into declining Guppy's
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 93 KB
  • #48,830
  • Jan 6, 2015 10:06pm Jan 6, 2015 10:06pm
Quoting snarlyjack
{quote} Redcloud, If you want excitement trade the 1 minute chart. If you want serious money trade the daily. I don't think George Sorius (famous trader) trades the 1 minute, I think he trades the daily with position sizing... sj
I know who he is, the man who broke the bank of england in 1992, I read up on him awhile back. Not bad.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,831
  • Jan 6, 2015 10:06pm Jan 6, 2015 10:06pm
Quoting likica
{quote} I dont wait for H4 to cross, hook will do for me, PA on M30 play very important and not just TDI cross. As SJ mentioned, trading on small TF is not easy Here is the outcome of GU short on M30, PT at prev/ RN... just for your visual. It moved further more but I was ok with my PT at that moment, still trying to see further {image}

Yes I agree, the smaller TF is really too exciting and challenging for me. I don't think I can handle the stress and pressure with my money. I guess I am more suited for H1 but due to my work load, I could be better off trading H4 or D1 actually.

Many times my entries are too late or either I get stuck in the consolidation or I forget about the big picture trading. Thanks Likica, I shall try to "re-see" my charts again. Thanks for helping out!
  • #48,832
  • Jan 6, 2015 10:19pm Jan 6, 2015 10:19pm
Quoting Walter4x
{quote} Hi SJ, Wisdom from an experienced trader, it did not go unnoticed. I've included the UJ chart which looks to be in conflict to me, the daily has nice separation on the Guppy's indicating a strong uptrend, the 4 hour has put in a second lower low after a lower high breaking the uptrend and the Guppy's are rolling over, and the H1 chart is rallying into declining Guppy's {image}
Walter,

When 2 charts are in conflict with each other. Always
remember that the daily is the king.

Long term the usd/jpy is bullish (see daily chart).
Short term the usd/jpy (1 hour & 4 hour charts) are getting in line.
It might take some time but it's slowly lining up...
sj
  • #48,833
  • Jan 6, 2015 10:35pm Jan 6, 2015 10:35pm
I have one question about the TDI lines, is usually a strong buy/sell signal taken from the TDI confirmation with a signal of 12-2/2-4 off the 50 line more so than from the 32/68 lines?
  • #48,834
  • Edited 10:53pm Jan 6, 2015 10:41pm | Edited 10:53pm
Quoting birdnest
I have one question about the TDI lines, is usually a strong buy/sell signal taken from the TDI confirmation with a signal of 12-2/2-4 off the 50 line more so than from the 32/68 lines?
yes from me (just to make it clear: good angle green crosses red just above MBL for buy and vice versa for sell, no matter where they sit, as long as not above 68 or below 32 levels) , others might have different experiences. You need to do and see it to build your confidence.
If EA completed the current apb on M30 in small blue, and next apb has full red body and TDI head down, it s beautiful
Attached Image (click to enlarge)
Click to Enlarge Name: 7.1.15 EA M30 H1 view @3.49 pm aedt.png Size: 117 KB
Appreciation is the key to wealth and happiness
  • #48,835
  • Edited 11:03pm Jan 6, 2015 10:48pm | Edited 11:03pm
Quoting likica
{quote} yes from me (just to make it clear: good angle green crosses red just above MBL for buy and vice versa for sell, no matter where they sit, as long as not above 68 or below 32 levels) , others might have different experiences. You need to do and see it to build your confidence.
Yes! I see that now on how the entry levels are supposed to be formed for the optimum trigger button.

Now, I need to apply it :nerd: Somehow, in my hands, all the time I ended up with red pips. Sigh.
  • #48,836
  • Jan 6, 2015 11:09pm Jan 6, 2015 11:09pm
Quoting birdnest
{quote} Yes! I see that now on how the entry levels are supposed to be formed for the optimum trigger button. Now, I need to apply it :nerd: Somehow, in my hands, all the time I ended up with red pips. Sigh.
if you wish to find out why you ended up with red pips, take snapshot of your chart at entry and post here for seniors to comment and learn from it...
Appreciation is the key to wealth and happiness
  • #48,837
  • Jan 6, 2015 11:11pm Jan 6, 2015 11:11pm
Quoting nods80
{quote} looks like I missed a couple of great weeks.

Hey nods, where've you been ? Hyde Park ?
  • #48,838
  • Jan 6, 2015 11:15pm Jan 6, 2015 11:15pm
Quoting likica
{quote} if you wish to find out why you ended up with red pips, take snapshot of your chart at entry and post here for seniors to comment and learn from it...

Ok will do
  • #48,839
  • Jan 6, 2015 11:19pm Jan 6, 2015 11:19pm
Quoting likica
{quote} so you are saying you took those GN pips without tdi? get out of here buddy, just kidding, hope you get over with that flu and keep trucking green pips I m good at seeing naked charts too, but now getting better with APB specially when in a trade. TDI + PA = $$$$$$$$

Mmmmm, yep ! Naked charts only, just like what you've seen me post. I just had a visit with my trading mentor today, Rick G, of ProTraderNetwork, talk about how for whatever reason "my eye" sees a regular candle chart with no TDI better than the HA+TDI combination. I've lost a lot of $$$ trying to trade off of the other and it just hasn't worked for me. But, as I've said, I won't inundate BigE's TMS thread with naked charts. I certainly don't want to distract newcomers from learning a trading method / system that could potentially work very well for them just because I personally can trade it.

But wow, the camaraderie here is wonderful. Everyone is so supportive each other. Please don't throw me out.... I'll be quiet, I promise. lol

Slowly but surely getting over that awful flu bug.
  • #48,840
  • Jan 6, 2015 11:24pm Jan 6, 2015 11:24pm
Quoting sknight1
{quote} Hey nods, where've you been ? Hyde Park ?
Not for a couple of weeks now. just been swamped with work and recovering from man flu. You been on fire.
Intelligence is the ability to adapt to change. Stephen Hawking
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