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Trading Made Simple

  • #59,821
  • Aug 21, 2015 3:45am Aug 21, 2015 3:45am
Quoting farhad10
{quote} Yes, if price want to go up, there would be a green bounce from red in H4. if you want to scalp, you can get pips with nice angles in m30 but never trade against where h4 goes. if you want to be a conservative trades, wait till h4 gives you the signal and then if in m30 you see a good cross with nice angle, then you can buy safe with the target that said before. {image}
Thanks!
  • #59,822
  • Aug 21, 2015 4:07am Aug 21, 2015 4:07am
  •  313
  • | Joined Jun 2015 | Status: Strive and Overcome! | 46 Posts
+23 pips.
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  • #59,823
  • Aug 21, 2015 4:25am Aug 21, 2015 4:25am
Wow....this thread is still alive up to now. Well, even do the thread started already pass away.
Last information I hear.
  • #59,824
  • Aug 21, 2015 4:27am Aug 21, 2015 4:27am
Quoting 313
+23 pips. {image}
Hey there, 313!
Would you mind explaining your winning trade? Regarding TDI, I see bad conditions for a long in your chart.
  • #59,825
  • Aug 21, 2015 5:11am Aug 21, 2015 5:11am
  •  313
  • | Joined Jun 2015 | Status: Strive and Overcome! | 46 Posts
Quoting catalin_eros
{quote} Hey there, 313! Would you mind explaining your winning trade? Regarding TDI, I see bad conditions for a long in your chart.
It's not a bad at all eros. i think it's a good one . Price have go down to make upward move and vice versa
please check the weekly pic too.
Im not an expert on reading price. im still learning too(noob) . I'd love to hear about my price action analysis from the picture. share your knowledge so we can help many people . Big E Said "1. PA then check the TDI"
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  • #59,826
  • Aug 21, 2015 5:56am Aug 21, 2015 5:56am
Quoting 313
{quote} It's not a bad at all eros. i think it's a good one . Price have go down to make upward move and vice versa please check the weekly pic too. Im not an expert on reading price. im still learning too(noob) . I'd love to hear about my price action analysis from the picture. share your knowledge so we can help many people . Big E Said "1. PA then check the TDI" {image} {image}
I was referring to the TDI on H1 when I said it was not a good setup for long. Based on PA only, you are right, and when the first HA blue candle appeared , that was a buy signal. But since this thread is about TDI, I want to learn how to take trades with the aid of this indi. Otherwise, I can trade naked chart if I do not take TDI into consideration and take trades based only on PA. I would love to hear experienced traders' opinion about your H1 trade as well.
Anyhow, good job on those pips!
  • #59,827
  • Aug 21, 2015 6:33am Aug 21, 2015 6:33am
  •  313
  • | Joined Jun 2015 | Status: Strive and Overcome! | 46 Posts
Quoting catalin_eros
{quote} I was referring to the TDI on H1 when I said it was not a good setup for long.
About the TDI im just using it as confirmation, and divergence that's all.
Thanks eros. Green pips to you
  • #59,828
  • Aug 21, 2015 6:42am Aug 21, 2015 6:42am
Quoting farhad10
{quote} Took my revenge finally +85 pips from gold today {image}
may i know whats ur reason to enter?
Take What You Can , Give Nothing Back
  • #59,829
  • Aug 21, 2015 7:07am Aug 21, 2015 7:07am
Quoting birdnest
{quote} I started my new demo account on 10th August but I have only gained a 4.5% since then.

2.25% per week -> what annual yield dus this correspond to? What annual return do you expect from stocks in the long run?

Best,
  • #59,830
  • Aug 21, 2015 7:36am Aug 21, 2015 7:36am
Quoting Donquixote
{quote} may i know whats ur reason to enter?
Donquixote;

First look at daily trend lines. in my first trade that failed, I taught that price will reverse from No 1 in D to end wave 4 but price break it.
After breaking it, price goes to upper trend line of the triangle (no 2 D). So the end of wave 4 was there. ( Talked about the waves before )
After touching the trend line no 2 D, look at H1 candle. yes it is a Shooting star!
now look at the crosses of H1 and H4. All the criteria was good for a nice trade except D TDI.

regards.
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  • #59,831
  • Aug 21, 2015 8:59am Aug 21, 2015 8:59am
Hi all
This is off topic but it's Friday
And I would like to know what do you think about this that a trader wrote:

"I don't use support and resistance ,in my view there is NO support and resistance in a chart. In a market made up of buyers and sellers,, if there is demand market will move up regardless of where traders 'IMAGIN " resistance"

Do you think, this is something logical or is it totally BS?
  • #59,832
  • Aug 21, 2015 9:12am Aug 21, 2015 9:12am
Quoting AlansGS777
Hi all This is off topic but it's Friday And I would like to know what do you think about this that a trader wrote: "I don't use support and resistance ,in my view there is NO support and resistance in a chart. In a market made up of buyers and sellers,, if there is demand market will move up regardless of where traders 'IMAGIN " resistance" Do you think, this is something logical or is it totally BS?
There is a book named : A random walk down wall street.

a part of it :

What Is a Random Walk?
A random walk is one in which future steps or directions
cannot be predicted on the basis of past actions. When the
term is applied to the stock market, it means that short-run
changes in stock prices cannot be predicted. Investment advisory
services, earnings predictions, and complicated chart
patterns are useless.

Some other books about odds in Forex:

Igor Toshchakov - Beat The Odds In Forex.


In my mind all the other theories are connected to technical and fundamental.

Regards
  • #59,833
  • Aug 21, 2015 9:33am Aug 21, 2015 9:33am
Quoting farhad10
{quote} There is a book named : A random walk down wall street. a part of it : What Is a Random Walk? A random walk is one in which future steps or directions cannot be predicted on the basis of past actions. When the term is applied to the stock market, it means that short-run changes in stock prices cannot be predicted. Investment advisory services, earnings predictions, and complicated chart patterns are useless. Some other books about odds in Forex: Igor Toshchakov - Beat The Odds In Forex. In my mind all the other theories are connected to...
Good information, I think I will add these books on next reading, u are helping us all here with the experience you have in the market and TMS in general, thanks for sharing
I Have Learned to Take Some Losses to Make Profits
  • #59,834
  • Aug 21, 2015 9:34am Aug 21, 2015 9:34am
Quoting AlansGS777
Hi all This is off topic but it's Friday And I would like to know what do you think about this that a trader wrote: "I don't use support and resistance ,in my view there is NO support and resistance in a chart. In a market made up of buyers and sellers,, if there is demand market will move up regardless of where traders 'IMAGIN " resistance" Do you think, this is something logical or is it totally BS?

@Farhad : Thats a very good post you made!

@Alan :
In fact , there is no support or resistance because the brokers have no " ticket " for any level .. the support and resistance is made by
supply and demand .
its like the Titanic. it sunk by an ice rock .. now its water.. but that time it was " resistance" enough to crush the steel and made the ship sunk ..
...
Same happens with these levels.. one day / hour or whatever its more supply then demand and the level gets washed out.

There is no right or wrong , different traders , different techniqes / systems.

But everyone can see those levels , I respect them as I dont trade against them until my trade has reached full tp.
If its on the way to TP , I skip .. as simple as it is .

Everything what continues is tradable and if the system is simple , the chance to get it right is larger .

Dont forget : what is a " support resistance " made by supply and demand level in m5 , won t disturb me in a larger timeframe ..
In D1 for example Id lough loud if someone would say ; Hey guido .. theres a m5 resistance on your way to the target.

The senior members, specially Emmanuell give here an excellent view how to do from newbie to a very high level ..
Follow them and youll have a smile in your face and dont listen in other systems .
Master one and you master them all ! Or listen everywhere and get confused !

Hope that helped .
Have a nice weekend to all :
Guido
Risiko birgt immer auch die Chance.
  • #59,835
  • Aug 21, 2015 9:44am Aug 21, 2015 9:44am
Quoting farhad10
{quote} There is a book named : A random walk down wall street. a part of it : What Is a Random Walk? A random walk is one in which future steps or directions cannot be predicted on the basis of past actions. When the term is applied to the stock market, it means that short-run changes in stock prices cannot be predicted. Investment advisory services, earnings predictions, and complicated chart patterns are useless. Some other books about odds in Forex: Igor Toshchakov - Beat The Odds In Forex. In my mind all the other theories are connected to...
Ohh thanks. I also must read those books
  • #59,836
  • Aug 21, 2015 9:49am Aug 21, 2015 9:49am
Quoting Sesamstrasse
{quote} @Farhad : Thats a very good post you made! @Alan : In fact , there is no support or resistance because the brokers have no " ticket " for any level .. the support and resistance is made by supply and demand . its like the Titanic. it sunk by an ice rock .. now its water.. but that time it was " resistance" enough to crush the steel and made the ship sunk .. ... Same happens with these levels.. one day / hour or whatever its more supply then demand and the level gets washed out. There is no right or wrong , different traders , different...
Yes, thanks. I follow Emmanuel tips and I'm only learning TMS 5-Method.
  • #59,837
  • Aug 21, 2015 9:57am Aug 21, 2015 9:57am
My last trade for friday

After H4 bounce and in m30, price close above the res. in m30 red and green both crossed the mbl.
D is still bullish.

+50 pips

Green pips to you.

Best regards
have a nice weekend
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  • #59,838
  • Aug 21, 2015 10:14am Aug 21, 2015 10:14am
Hi,

EA trades today....

1st BE trade taken traditional TMS counter trend.
2nd BE trade taken on Price Reversal type candle.
3rd 70 point trade taken on second blue candle and a with the trend trade up to top of Daily channel (slightly short of it, but wanted the pips after two BE trades )

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  • #59,839
  • Aug 21, 2015 10:23am Aug 21, 2015 10:23am
Quoting AlansGS777
Hi all This is off topic but it's Friday And I would like to know what do you think about this that a trader wrote: "I don't use support and resistance ,in my view there is NO support and resistance in a chart. In a market made up of buyers and sellers,, if there is demand market will move up regardless of where traders 'IMAGIN " resistance" Do you think, this is something logical or is it totally BS?
Hi Alan,

plot some Daily S&R and then go back months and even years and ask yourself the question.....

my answer would be that S&R is very relevant, certainly in my trading.

Regards

Adam
  • #59,840
  • Aug 21, 2015 12:53pm Aug 21, 2015 12:53pm
Anyone can tell me why today i've lost 25 pips from this chart?

What can i do for to become profitable with this method? I've readed all Big E threads and in demo i'm profitable. In live no.
Thx at all
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