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Trading Made Simple

  • #60,981
  • Sep 30, 2015 10:15am Sep 30, 2015 10:15am
Two H1 trades to close this month.
Both price action trades using WRB range high/low as support and resistance and TDI + Stoch to confirm.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY week 40 H1 trades.png Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY week 40 H1 trades.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,982
  • Sep 30, 2015 10:25am Sep 30, 2015 10:25am
Quoting emmanuel7788
{quote} Hi, The Synergy_Pro_TDi has different settings; Synergy_Pro_TDI settings: Post#59,624 How to create the TDI using RSI available in other platform (non-MT4): Post#15,546 Fozzy RSI Method Post#59,617 TDI pdf Post#24,705, Post#18,264...

The main problem is most platform don't have all the options MT4 has.

I uploaded my settings.

EMA 1 of RSI 13
EMA 7 of RSI 13
RSI 13 (hidden)
it seems the best i can do i can't select the apply to field. like in your post #15546
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Attached Image
  • #60,983
  • Sep 30, 2015 11:17am Sep 30, 2015 11:17am
Quoting emmanuel7788
Two H1 trades to close this month. Both price action trades using WRB range high/low as support and resistance and TDI + Stoch to confirm. {image} {image}
Hi emmanuel,

great trades as usual! I have a few questions.

The GBPJPY trade: Do you consider this an agressive entry? What gave you additional confirmation for this trade? How did you think about the pullback from BRN creating a large wick on the setup candle because I see you entered right after the close of that candle. Are these type of pullbacks normal reactions to BRN's?

Best,
  • #60,984
  • Sep 30, 2015 1:17pm Sep 30, 2015 1:17pm
Quoting tibovwh
{quote} Hi emmanuel, great trades as usual! I have a few questions. The GBPJPY trade: Do you consider this an agressive entry? What gave you additional confirmation for this trade? How did you think about the pullback from BRN creating a large wick on the setup candle because I see you entered right after the close of that candle. Are these type of pullbacks normal reactions to BRN's? Best,
Hi,

At the NY open I was looking at the JPY pairs - UJ, AJ, EJ and GJ. JPy was looking strong so I pick EJ and GJ for the better price action at resistance.

GJ was H4 Pin Bar and my entry was 30 mins into the H1 candle. On M15 was s nice Bearish Outside Bar BEOB.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY week 40 H1 trades2.png Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY week 40 30 Seo M15 BEOB.png Size: 35 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,985
  • Sep 30, 2015 8:25pm Sep 30, 2015 8:25pm
Hello Folks,

A brand new month just open so we update our charts with the MN candle to see if we have any new swing levels to watch out for.
Today we have several PMI data release for the big economies. So expect volatility in the lower TF - H1 and below.
At the moment with a new H4 open, I don't see any A+++ setup in my favourite 15 pairs. The GA, GN, GC, EA, EN and EC pairs all ran this week so no opportunityies on H4 except look in lower TF H1 and M15.
Better to trade lower TF today and tomorrow. Wait for this week to close and do planning for next week and month.

Good time for me to backup my PC data and run Windows 10 upgrade.
Just a piece of advice if you want upgrade to Windows 10, make sure you save all your MT4 platform data especially your account details and login password.

Trade Safe!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,986
  • Sep 30, 2015 8:35pm Sep 30, 2015 8:35pm
Quoting FiNaLWaR
{quote} The main problem is most platform don't have all the options MT4 has. I uploaded my settings. EMA 1 of RSI 13 EMA 7 of RSI 13 RSI 13 (hidden) it seems the best i can do i can't select the apply to field. like in your post #15546 {image} {image}
Hi,

I do not know the platform you use but most trading platforms allows the application of moving average to the data in the sub-window.
What is that field input "Data Source"

BTW, did you buy Tesla stock this week? Really interesting with their Model X launch.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,987
  • Sep 30, 2015 9:01pm Sep 30, 2015 9:01pm
Quoting emmanuel7788
{quote} Hi, I do not know the platform you use but most trading platforms allows the application of moving average to the data in the sub-window. What is that field input "Data Source" BTW, did you buy Tesla stock this week? Really interesting with their Model X launch. regards,
The data source make me select it as the moving average of the RSI instead of price.

I think it's done the right way

However it seems harder to follow it on stocks as there are daily gaps between prices (at least on the 4 hours timeframe.) while the FX market is open 24/5 maybe i should look at a smaller one for stocks.
  • #60,988
  • Sep 30, 2015 10:01pm Sep 30, 2015 10:01pm
morning guys

may i know which type of TDI phx62 is using, currently im using synergy_pro_TDI but i cant change width of the lines


happy trading day
  • #60,989
  • Oct 1, 2015 12:21am Oct 1, 2015 12:21am
Quoting G.Grillz
morning guys may i know which type of TDI phx62 is using, currently im using synergy_pro_TDI but i cant change width of the lines happy trading day
Hi GG,

Read post#59,624.

and follow this chart with explanation below, use the TDI RT and set that to be the same as the Synergy Pro TDI.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI RT with Synergy Pro TDI.png Size: 104 KB


using the realtime version you must always wait for the candle to close to confirm the setup candle.

Question : When do we enter a trade without waiting for the setup candle to close and confirm with a TDI cross?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,990
  • Oct 1, 2015 12:25am Oct 1, 2015 12:25am
Quoting FiNaLWaR
{quote} The data source make me select it as the moving average of the RSI instead of price. I think it's done the right way However it seems harder to follow it on stocks as there are daily gaps between prices (at least on the 4 hours timeframe.) while the FX market is open 24/5 maybe i should look at a smaller one for stocks.
For trading stock on EOD basis, I use the Fozzy-RSI on Day chart. Setting is RSI (8) MA (8).... plus darvas box.

read RSI: The Complete Guide Post#27,110 by John Hayden, that's how Fozzy RSI was used long before the TDI came into the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,991
  • Oct 1, 2015 2:05am Oct 1, 2015 2:05am
HI all,

I took this trade last night as set and forget. Clearly it's into the 200EMA. Besides this, what else is wrong about this trade? Entered short on close of the bearish bar (red horizontal line). Exit by trade manager 2x ATR(10) (green line).

Best,
Attached Image (click to enlarge)
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  • #60,992
  • Oct 1, 2015 2:26am Oct 1, 2015 2:26am
Quoting emmanuel7788
{quote} When do we enter a trade without waiting for the setup candle to close and confirm with a TDI cross? regards,
im totally with you emmanuel but da thing is da green line and red line are kinda small and blurry n its hard coded so i cant change line settings but otherwise what you said is true
  • #60,993
  • Oct 1, 2015 2:38am Oct 1, 2015 2:38am
Quoting tibovwh
HI all, I took this trade last night as set and forget. Clearly it's into the 200EMA. Besides this, what else is wrong about this trade? Entered short on close of the bearish bar (red horizontal line). Exit by trade manager 2x ATR(10) (green line). Best, {image}
Hi,

H1 was in consolidation H1 WRB and if you check the higher TF 'trend', H4 was bullish. Always remember to use Post#647 as our checklist when we want to take a TDI trade.

<quote>
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area
<unquote>


H4 TDI Green over Red and over Yellow indcates bullish momentum.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 30 Sep H1 POMO.png Size: 93 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,994
  • Oct 1, 2015 2:40am Oct 1, 2015 2:40am
Quoting G.Grillz
{quote} im totally with you emmanuel but da thing is da green line and red line are kinda small and blurry n its hard coded so i cant change line settings but otherwise what you said is true

Hi,

use the TDI RT version set it ti the same as the Synergy Pro TDI , then you can set the lines thickness.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,995
  • Oct 1, 2015 3:06am Oct 1, 2015 3:06am
Quoting emmanuel7788
{quote} Hi, H1 was in consolidation H1 WRB and if you check the higher TF 'trend', H4 was bullish. Always remember to use Post#647 as our checklist when we want to take a TDI trade. <quote> When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area <unquote> H4 TDI Green over Red and over Yellow indcates bullish momentum. {image} regards,
Thanks for your reply. This is indeed pretty basic stuff that I should know by now. Somehow, there is always something I miss.

On a different note: I noticed you sometimes talk about the 10EMA and sometimes about the 5EMA shift+3. I have searched the thread but can't really find good information on the difference. Or is this difference neglectable?

Best,
  • #60,996
  • Oct 1, 2015 3:19am Oct 1, 2015 3:19am
Quoting emmanuel7788
{quote} Hi, use the TDI RT version set it ti the same as the Synergy Pro TDI , then you can set the lines thickness. regards,
thanks dude , that really helped

emmanuel
  • #60,997
  • Oct 1, 2015 4:32am Oct 1, 2015 4:32am
Hi, guys!
I took a long on AU, H4, based on TDI bounce and D1 seems out of steam for down trend continuation.
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  • #60,998
  • Oct 1, 2015 4:46am Oct 1, 2015 4:46am
HI Emmanuel,

As a possible answer to your questions:

Took long GBPUSD on break of LO High. LO Was pinbar and TDI crossing on close. During LO+1 Entry at 1.5135. Took +20 pips partial (1/3) and moved to BE. Got stopped out BE for the rest.

Valid entry during candle? Ofcourse countertrend again so definatly no A++ But took quick pips and BE.

Best,
Attached Image (click to enlarge)
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  • #60,999
  • Oct 1, 2015 4:55am Oct 1, 2015 4:55am
I took a long on EU, H1, after seeing PA bounce from TL, TDI cross, stoch looking good.
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  • #61,000
  • Oct 1, 2015 5:01am Oct 1, 2015 5:01am
Quoting catalin_eros
Hi, guys! I took a long on AU, H4, based on TDI bounce and D1 seems out of steam for down trend continuation. {image}
Same trade I took on H4 when seeing price momentum and the TDI volatility in the momentum too. 1st posituionn during Tokyo session opening, and added 2nd position after LO today. I have now a good average entry price.

Now manage to see if it will hit the BRN 0.7100 before US PMI data release.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 40 H4 1 Oct trades.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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