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Trading Made Simple

  • #61,281
  • Oct 8, 2015 10:05pm Oct 8, 2015 10:05pm
GBPUSD H4 new H4 candle just open...
do we have an entry?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 9 Oct TOK_5H.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,282
  • Edited Oct 9, 2015 1:50am Oct 8, 2015 10:13pm | Edited Oct 9, 2015 1:50am
Quoting profitman
{quote} Thanks man, this helps me out. Sometimes i wondered how Big E caught the 1st candle cross, perhaps at the beginning there were no crosses but as time and candle developed the TDI might have signaled a cross later and he took it as he saw it. I know his TDI doesnt refresh but if he was scrolling down TFs its possible it did refresh without him intentionally doing it. Just speculation, but it seems like u would HAVE to take a TDI cross on OPEN candle for it to be candle # 1 right?

The APB#1 entry are very rare these days. If any one seen a H4 APB#1 entry setup for EU, GU, AU and UC, please post your chart.
You must use the TDI Red Green indicator wihout refreshing your chart.

In my study, that can happen in two PA scenarios:

1) There is a huge pull back candle (Pin Bar) in the last candle before the APB#1.

2) There is either a Bullish or Bearish Engulfing Outside Bar (Japanese candlestick) pattern at a support or resistance.

You must always look at the previous 13 price bars and the most recent 2 price bars before that APB#1. This is crucial when you want to trade aggressively like Big E.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,283
  • Oct 8, 2015 10:17pm Oct 8, 2015 10:17pm
Quoting emmanuel7788
GBPUSD H4 new H4 candle just open... do we have an entry? {image}
Hi Emmanuel,

First things first, congrats on you 10K's post. You are a perfect example of what makes this forum great. Your trading, teaching, and patients serves as inspiration to us all.

Regarding your question, i would move to a lower timeframe and wait for a close above the WRB and setup candle of the IB (candle previous to IB). Alternatively, i would place a buy stop order 15 pips above the high of the WRB/IB-setup, assuming i had a long bias. I'm not terribly experience with WRB/IB breakouts, but i seem to recall similar tactics in a pdf posted earlier.

All the best, and thanks again for all your contributions.
Nik
  • #61,284
  • Oct 8, 2015 10:35pm Oct 8, 2015 10:35pm
Quoting Nik-Nyc
{quote} Hi Emmanuel, First things first, congrats on you 10K's post. You are a perfect example of what makes this forum great. Your trading, teaching, and patients serves as inspiration to us all. Regarding your question, i would move to a lower timeframe and wait for a close above the WRB and setup candle of the IB (candle previous to IB). Alternatively, i would place a buy stop order 15 pips above the high of the WRB/IB-setup, assuming i had a long bias. I'm not terribly experience with WRB/IB breakouts, but i seem to recall similar tactics in...

Hi Nik,

Did not realize that 10k post count, wasn't looking just read this thread reply when I feel it is helpful to others. But now knowing that, it is a milestone.

GU , we have a bullish previous day, so today' trade bias is buy but knowing that the current 'trend' is a correction of the Weekly.

Better thing to do is trade in the lower TF either H1 or M15.

The next 3-4 hours are tricky hours - Sydney close, FankfurtOpen, then London Open and Tokyo close 2hours after LO..

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,285
  • Oct 8, 2015 10:42pm Oct 8, 2015 10:42pm
USDCAD week 41 H4 ME/ME trades closed.

6 trades, total 318 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 41 H4 MEME trade closed.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,286
  • Oct 8, 2015 10:44pm Oct 8, 2015 10:44pm
Quoting emmanuel7788
USDCAD week 41 H4 ME/ME trades closed. 6 trades, total 318 pips. {image}
good idea of following last week bearish candle amazing trades
I Have Learned to Take Some Losses to Make Profits
  • #61,287
  • Oct 8, 2015 10:55pm Oct 8, 2015 10:55pm
Quoting emmanuel7788
{quote} The APB#1 entry are very rare these days. If any one seen a H4 APB#1 entry setup for EU, GU, AU and UC, please post your chart. You must use the TDU Red Green indicator wihout refreshing your chart. In my study, that can happen in two PA scenarios: 1) There is a huge pull back candle (Pin Bar) in the last candle before the APB#1. 2) There is either a Bullish or Bearish Engulfing Outside Bar (Japanese candlestick) pattern at a support or resistance. You must always look at the previous 13 price bars and the most recent 2 price bars before...
I personally have yet to see one especially using the TDI that doesnt refresh. I dont care i would like to see this even on the 1hr and this is something that has to be called out in real time. Thanks buddy i will keep my eyes peeled. After looking at a few of Big Es charts, those entrys seemed flawless almost hindsight lookin...i dunno
Scared money DON'T make money!
  • #61,288
  • Oct 8, 2015 11:01pm Oct 8, 2015 11:01pm
Quoting TheScorpS
{quote} Yes I went before the eventual breakout as I was expecting this to happens , sometimes I do that based on momentum at LO opens , later after my entry it did an even better price on retracing to ema 10 on M5 which was best entry on the rejection Then I only watched the market and didnt take any
Thanks for the clarification TSS!
Focus on the process and the profits will follow
  • #61,289
  • Oct 8, 2015 11:19pm Oct 8, 2015 11:19pm
Quoting emmanuel7788
USDCAD week 41 H4 ME/ME trades closed. 6 trades, total 318 pips. {image}
Congrats on the positive result Emmanuel,

Would you mind noting your reasons for entry on each of the six trades? Apologies if you've posted this somewhere else previously...

I understand you're attempting to follow the HTF with a basket of positions but specifically what conditions or patterns told you to enter in those six scenarios, as these don't all look like TMS trades. Whilst the first few seem like continuation positions following the trend on a break of the previous candle(?), the last two, for example are in fact bullish TMS signals and you entered with bearish positions...

Many thanks

Ballistical
Focus on the process and the profits will follow
  • #61,290
  • Oct 8, 2015 11:22pm Oct 8, 2015 11:22pm
Hi emmanuel7788, I have a few questions regrading your USDCAD multi-trade post, amazing trading by the way. It seems that you TP every +50 pips and then enter another trade. You also enter at times when you price retraces which is great you are selling high. I have three questions for you.

First, why didn't you enter another sell after the first blue candle (retrace candle)?

Second, what made you stay in your last batch of sell trades after the 2 consecutive blue candles when the first blue candle was a clear BOUNCE from 1.30000 level? Also, there was cross of the yellow on TDI from 32 level. What gave you the confidence to remain bearish?

Third, it seems that your SL at times is greater than you TP of 50 pips. Is that correct?

Thanks for all you do on this thread.
Trading can't be taught but it can be learned
  • #61,291
  • Oct 8, 2015 11:41pm Oct 8, 2015 11:41pm
Sorry, one last question. You were short a total of 3 trades simultaneously towards the end. Did you split your trade size there? There is a great wealth of info and knowledge in your charts that the more I can look at them, the more I learn from them.
Trading can't be taught but it can be learned
  • #61,292
  • Oct 8, 2015 11:53pm Oct 8, 2015 11:53pm
Have not posted in a while so figured i would share both my trades from thursday as they were both conveniently winners and i just closed them out ;-)

EURAUD M30
+175pips, but more importantly, a 1:4 R:R ratio
Continuation PA trade taken on the break of Bearish Engulfing/Outside Bar, no TDI cross, but green did break the VB. Also price broke below 50 ema and my stop was now protected by it.

AUDUSD M15
+100pips, But more importantly my SL was only 10pips, this trade had a 1:10 RR
More of a classic 5-Method trade, except i was not convinced with first candle breaking the PAC, i wanted little more momentum and entered on a Bullish/Engulging Bar few candles later. I used a small SL because i planned an aggressive move to BE. Market was luckily kind.

This was obviously a particularly good/trendy day, by no means are these results typical.

The next time someone asks you whether you want 100p or 175p, make sure to ask how big the initial SL was because only R:R tells the full story.

Hope everyone is staying green,
Nik


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD - 10-8-2015 - SS.png Size: 118 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD - 10-8-2015 - SS.png Size: 139 KB
  • #61,293
  • Oct 8, 2015 11:54pm Oct 8, 2015 11:54pm
Quoting geektrader
Why? The initial system description says to buy or sell whenever there is a TDI cross. Exactly that simplicity is what is described here. The author explicitely mentioned that it is that simple and not needed to look at other timeframes. So as I said, this system does NOT work as it was described and in the whole thread there is complete lack of someone showing his account how he makes steady profits with the system. All I see are charts with cherry picked winning trades. I think this just gives the wrong impression for newbies that will waste their...
Has it occurred you are jumping to a premature conclusion there and need to be a little patient (and study a little more)? If this thread has been active for over 6 years and still going strong it suggests that there maybe something worthy here and a few weeks is not long enough to judge any system on. Just saying ....
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #61,294
  • Oct 9, 2015 12:07am Oct 9, 2015 12:07am
Quoting Nik-Nyc
Have not posted in a while so figured i would share both my trades from thursday as they were both conveniently winners and i just closed them out ;-) EURAUD M30 +175pips, but more importantly, a 1:4 R:R ratio Continuation PA trade taken on the break of Bearish Engulfing/Outside Bar, no TDI cross, but green did break the VB. Also price broke below 50 ema and my stop was now protected by it. AUDUSD M15 +100pips, But more importantly my SL was only 10pips, this trade had a 1:10 RR More of a classic 5-Method trade, except i was not convinced with first...
Looks good ! Lots of patience to hold on to these winners. And very valid point on R/R. My 1H trading approach has rather small R/R's when using 2xATR(10) atm but clearly also depends on winrate..

Best,
  • #61,295
  • Oct 9, 2015 12:10am Oct 9, 2015 12:10am
Quoting tibovwh
{quote} Looks good ! Lots of patience to hold on to these winners. And very valid point on R/R. My 1H trading approach has rather small R/R's when using 2xATR(10) atm but clearly also depends on winrate.. Best,
Agreed! They are some really impressive trade NN! Also agree on the R/R point... something I think is often overlooked in this thread...

Do you always trade with such tight SL's? I thought I was aggressive with 25 pips on EA but 10 pips seems suicidal once you've accounted for spread etc.

Regardless, really impressive! Keep up the green pips!
Focus on the process and the profits will follow
  • #61,296
  • Oct 9, 2015 12:11am Oct 9, 2015 12:11am
Quoting Ballistical
{quote} Congrats on the positive result Emmanuel, Would you mind noting your reasons for entry on each of the six trades? Apologies if you've posted this somewhere else previously... I understand you're attempting to follow the HTF with a basket of positions but specifically what conditions or patterns told you to enter in those six scenarios, as these don't all look like TMS trades. Whilst the first few seem like continuation positions following the trend on a break of the previous candle(?), the last two, for example are in fact bullish TMS signals...
Quoting Pipsninja
Hi emmanuel7788, I have a few questions regrading your USDCAD multi-trade post, amazing trading by the way. It seems that you TP every +50 pips and then enter another trade. You also enter at times when you price retraces which is great you are selling high. I have three questions for you. First, why didn't you enter another sell after the first blue candle (retrace candle)? Second, what made you stay in your last batch of sell trades after the 2 consecutive blue candles when the first blue candle was a clear BOUNCE from 1.30000 level? Also, there...
Quoting Pipsninja
Sorry, one last question. You were short a total of 3 trades simultaneously towards the end. Did you split your trade size there? There is a great wealth of info and knowledge in your charts that the more I can look at them, the more I learn from them.
Hi Guys,

See attached chart below with more details. Hope these will explain the trades.

Every initial first trade is based on using 0.2% risk for the position size. However, for those who do not want to using this position sizing method, you can consider the other which DM explained in this video. on Position Sizing.

As for the build positions, you can either use the same lot size of you can use the same 0.2% risk and calculate the lot size. there are other simpler way to do this and I will not talk about now.

I exit every trade at every 50pips, that is approx 0.5ADR (100 days) or you can use the H4 ATR. You don't need to accurate. The idea is to take what the market gave you and re-enter. Re-enter at same lot size.

Maximum build position is 4 in addition to the first entry.

This is a money management strategy for TMS 5-Method trading the higher TF.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 41 H4 MEME trade closed.png Size: 142 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,297
  • Oct 9, 2015 12:22am Oct 9, 2015 12:22am
EURUSD has been going into narrower and narrower range I think. I have been patiently waiting. Is it looking for a bullish move now? What's everyones take?

Best,
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2015-10-09 10.20.08.png Size: 47 KB
  • #61,298
  • Oct 9, 2015 1:01am Oct 9, 2015 1:01am
Just want to send out a big thanks to the team for teaching us this system have seen massive improvement in my trading performance, they could have asked thousands of dollars for this system and they didnt, thanks Team you ROCK
  • #61,299
  • Oct 9, 2015 1:02am Oct 9, 2015 1:02am
Quoting profitman
{quote} I personally have yet to see one especially using the TDI that doesnt refresh. I dont care i would like to see this even on the 1hr and this is something that has to be called out in real time. Thanks buddy i will keep my eyes peeled. After looking at a few of Big Es charts, those entrys seemed flawless almost hindsight lookin...i dunno

Here some recent examples EURAUD H4 Price Action setups

and comparing the TDI Red Green and TDI RT both capture in realtime.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI RT vs TDI Red Green.png Size: 81 KB


How do you interpret what he said below:

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

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,300
  • Oct 9, 2015 1:06am Oct 9, 2015 1:06am
GBPUSD crucial next 60mins if your are trading H1.

we have UK data release in 30mins and Tokyo Close after that.

who is buying or selling will show.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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