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Trading Made Simple

  • #59,301
  • Jul 29, 2015 7:53pm Jul 29, 2015 7:53pm
Quoting Dimi.A
{quote} Em, which TDI are you using? The last I remember you were using the Synergy Pro TDI. Is there another "TDI" you're using now? If so, could you post up the TDI you're using bro? Cheers

I use the TDI with the same setting as the Synergy_Pro_TDI.
It is the "fast" TDI which response to price volatility and does not repaint the way the TDI Red Green does.

The settings:
10 = RSI period 10
5 = RSI Typical Price (not the Close)
34 = Ma period for MBL
3 = Ma for the RSI Green PL
1 = Exponential MA of PL
7 = Ma period for the Re TSL

I rely more on the PA of the Price Bar and not so much on the angle of the TDI Green. That is the reason for RSI set to Typical Price....(H+L+C)/3. The TDI angle means nothing because I look at Price ACtion with Volatility seen in the price bar which the TDI will confirm and the angle has very little significance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,302
  • Jul 29, 2015 8:03pm Jul 29, 2015 8:03pm
Quoting mousteven
{quote} Dear Emmanuel: I listened to what you said and spent a couple hours updating the charts and used multi TF (M15, D, W and M) so I can get the sense of market within couple minutes {image} and also this is my 1st ME/ME chart from GU. I really want to thank you for your teaching and currency pairs analysis. Please advise me if there's anything I missed or should have done better. Many thanks!!!!!!!! {image} Best regards, Steven

Hi Steven,

You beginning to see the benefits in trading with ME/ME.
We don't want to miss any trade setup in the higher TF.
We build up positions during the retracement of the setup candle and get that overall average entry price.
With proper position sizing, we can take our profits over and over again when market get choppy sideways.
... lots more benefits

One thing you need to correct is not to open position too close to one another.
Space the ME trades -
1) Have a certain pip distance between every trade like a grid.
2) When market move fast, do not simply ope new positions even when the grid distance is good. Delay the entry for price to come back to the grid level.

..... it is both pips space and timing.

when you follow the above simple rules, you can look at lower TF for TDI cross setup. I use the M15 TDI cross to know when to place the subsequent ME add-on trades. You need to find the balance in how to add-on positions.

regards,

Edit:

BTW, GU made a pullback and form a Pin Bar close yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 31 30 July.png Size: 34 KB


I am sure many traders will chase after this Pin Bar as the setup. We shall see how the market set up some traders. LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,303
  • Jul 29, 2015 10:34pm Jul 29, 2015 10:34pm
Quoting emmanuel7788
{quote} Hi Steven, You beginning to see the benefits in trading with ME/ME. We don't want to miss any trade setup in the higher TF. We build up positions during the retracement of the setup candle and get that overall average entry price. With proper position sizing, we can take our profits over and over again when market get choppy sideways. ... lots more benefits One thing you need to correct is not to open position too close to one another. Space the ME trades - 1) Have a certain pip distance between every trade like a grid. 2) When market move...
I have opened buy positions, is it a tad too early for that?
  • #59,304
  • Jul 29, 2015 10:41pm Jul 29, 2015 10:41pm
Can someone tell me if fxdaytrader's TDI is repainting or not? I don't know how to check this.
His TDI is here and it is the only one capable of sending real-time alerts (that I've found so far) http://www.forexfactory.com/showthre...91#post7992491
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #59,305
  • Jul 29, 2015 10:42pm Jul 29, 2015 10:42pm
Quoting emmanuel7788
{quote} I use the TDI with the same setting as the Synergy_Pro_TDI. It is the "fast" TDI which response to price volatility and does not repaint the way the TDI Red Green does. The settings: 10 = RSI period 10 5 = RSI Typical Price (not the Close) 34 = Ma period for MBL 3 = Ma for the RSI Green PL 1 = Exponential MA of PL 7 = Ma period for the Re TSL I rely more on the PA of the Price Bar and not so much on the angle of the TDI Green. That is the reason for RSI set to Typical Price....(H+L+C)/3. The TDI angle means nothing because I look at Price...
Thanks Em.
  • #59,306
  • Jul 29, 2015 10:44pm Jul 29, 2015 10:44pm
Quoting emmanuel7788
{quote} you use the TDI which is not reatlime version.....you can determine the TDI Green line behaviour ahead of the indicator.
Hi emmanuel7788! That post of yours is very informative like always. thnk u for educating us.
Winners Never Quit, Quitters Never Win
  • #59,307
  • Jul 29, 2015 11:07pm Jul 29, 2015 11:07pm
Quoting wattaman
Can someone tell me if fxdaytrader's TDI is repainting or not? I don't know how to check this. His TDI is here and it is the only one capable of sending real-time alerts (that I've found so far) http://www.forexfactory.com/showthre...91#post7992491
No, it doesn't repaint. It's just a normal TDI with all alerts added in.
I actually use his TDI version as well as it has Push Alerts which get sent to my phone. I always "refresh" the chart once I get a signal crossover alert to get a more accurate reading.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 38 KB
  • #59,308
  • Jul 30, 2015 12:02am Jul 30, 2015 12:02am
Quoting wattaman
Can someone tell me if fxdaytrader's TDI is repainting or not? I don't know how to check this. His TDI is here and it is the only one capable of sending real-time alerts (that I've found so far) http://www.forexfactory.com/showthre...91#post7992491
here below the results comparing the TDI versions.

running in realtime:
Attached Image (click to enlarge)
Click to Enlarge Name: GJ TDI compare in realtime.png Size: 57 KB


and below refreshing the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ TDI compare refreshed.png Size: 53 KB


it is how you use the TDI.
eelfranz used the same version and he made money.
you need to understand his post#647.

#1 is the PA.
#2 then the TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,309
  • Jul 30, 2015 12:42am Jul 30, 2015 12:42am
Quoting emmanuel7788
{quote} here below the results comparing the TDI versions. running in realtime: {image} and below refreshing the chart. {image} it is how you use the TDI. eelfranz used the same version and he made money. you need to understand his post#647. #1 is the PA. #2 then the TDI.
Ok, thanks. Now I finally understand what repainting means.
If something changes after refresh, it repaints. If it's the same, it doesn't
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #59,310
  • Jul 30, 2015 12:44am Jul 30, 2015 12:44am
I just exit an EU sell. What is your opinion, did I exit to early, maybe?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-hf-markets-ltd.png Size: 62 KB
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #59,311
  • Jul 30, 2015 1:23am Jul 30, 2015 1:23am
Hellow Emmanuel!

A question about higher TF understanding.
I marked by red lines highes and lows of last and current weeks EUR/USD. Do I understand the situation right: only sell till 1.008095 ?

Thank you!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 53 KB
Just an opinion. Based on research
  • #59,312
  • Jul 30, 2015 1:39am Jul 30, 2015 1:39am
Quoting since80808
Hellow Emmanuel! A question about higher TF understanding. I marked by red lines highes and lows of last and current weeks EUR/USD. Do I understand the situation right: only sell till 1.008095 ? Thank you! {image}

yes, we can target last week' low but in between I see potential support which can slow things down.
we only have today and tomorrow to close this July MN candle.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 chart as of 30Jul pre-LO.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,313
  • Jul 30, 2015 3:19am Jul 30, 2015 3:19am
As EU is making LL and LH, think that price can reach this level as ABCD
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD#Daily.png Size: 57 KB
  • #59,314
  • Jul 30, 2015 4:00am Jul 30, 2015 4:00am
Quoting farhad10
As EU is making LL and LH, think that price can reach this level as ABCD {image}
Good observation !
the oonly thing I dont like is the TDI ,
its not a clear cross , second red candle yet and the MBL near the green line .
Nice one.. and I can imagine it works..but my entry criteria is gone with the 2. candle colour change .
thanks .. good job
Guido

EDIT look on my template .. it´s valid on my template .. I use the " old green and red " TDI standard settings !
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDcDaily.png 30.7..png Size: 54 KB
Risiko birgt immer auch die Chance.
  • #59,315
  • Jul 30, 2015 5:40am Jul 30, 2015 5:40am
Quoting emmanuel7788
{quote} yes, we can target last week' low but in between I see potential support which can slow things down. we only have today and tomorrow to close this July MN candle. {image}
When we base at such big TF as D1,
where do we have to set SL?
It's scary to use nearest HH - to far for any MM
Just an opinion. Based on research
  • #59,316
  • Jul 30, 2015 6:28am Jul 30, 2015 6:28am
Quoting since80808
{quote} When we base at such big TF as D1, where do we have to set SL? It's scary to use nearest HH - to far for any MM

why is it scary to use the recent swing high to place your SL?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,317
  • Jul 30, 2015 7:08am Jul 30, 2015 7:08am
Hello i'm newbie in this thread.

My first enter with TMS:

Attached Image (click to enlarge)
Click to Enlarge Name: tms gbpaud.png Size: 105 KB


I use the ichimoku for filter the trades.
  • #59,318
  • Jul 30, 2015 7:19am Jul 30, 2015 7:19am
Quoting emmanuel7788
{quote} why is it scary to use the recent swing high to place your SL?
We are planning at D1 and looking for TDI at H1/H4.
Swing high of which TF candle do you mean?
Just an opinion. Based on research
  • #59,319
  • Jul 30, 2015 7:41am Jul 30, 2015 7:41am
A 15 hours trade, +28.3

Comments please?
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla 2015-07-30 a las 14.38.00.png Size: 70 KB
  • #59,320
  • Jul 30, 2015 8:08am Jul 30, 2015 8:08am
Quoting sEit89
A 15 hours trade, +28.3 Comments please? {image}
Yes , good entry !
But dont forget :
If you have about 30 pips as a TP and 150 as a SL .. you MUST have a +90% winners only to stay breakeven . .. do you ??

I´d work on the exits in your case, what is very very important ..
A plan for entry and exit is necessary , let the trades play out , then you are on the right way.:-)
Hope that helped you a little.
Guido
Risiko birgt immer auch die Chance.
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