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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

Quoting robuk
{quote} Hi Free beans thanks for posting the indi for me Re. Stoch and TDi , I was just asking about the stoch being overbought ,and the TDI being in a good position , would the position of the Stoch stop anyone taking the trade ?
Candles and PA are more important than TDI and Stoch ... Take TDI and Stoch as a confirmation for what PA is conveying ...
I will wait for PA to close above yesterday H ... there is a very strong Resistance just 40 pips above ...
If a pair does not have room to travel about 70 - 100 pips, I personally do not trade those pairs ...
Quoting adikashyap
{quote} Candles and PA are more important than TDI and Stoch ... Take TDI and Stoch as a confirmation for what PA is conveying ... I will wait for PA to close above yesterday H ... there is a very strong Resistance just 40 pips above ... If a pair does not have room to travel about 70 - 100 pips, I personally do not trade those pairs ...
Thanks Adi , and re. your NZ trades y'day , was this news trade b'cos of dairy figures ? and if so do you have a live news feed ? just wondered .
Quoting freebeans
Here it be. {file} {file}
I downloaded those but they refuse to 'drag and drop 'into indi 's , any ideas why ?
Quoting robuk
{quote} Thanks Adi , and re. your NZ trades y'day , was this news trade b'cos of dairy figures ? and if so do you have a live news feed ? just wondered .
Though I do follow fundamentals / NEWS ... I trade what my chart / PA says .......
Good Morning Everyone.

Could this be a bounce trade?
Could this be considered as a bounce trade?

EurJpy H4
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Quoting mustafafr010
Could this be considered as a bounce trade? EurJpy H4 {image}
-ve.
Its always PA 1st .. then TDI confirmation ... Candles are not closing above Y H ... There is a very strong R just 40 pips higher ...
Not worth a trade ......
Quoting emmanuel7788
{quote} Hi mustafarfr, On your chart, it is obvious with the recent big candle, market is in consolidation and there is Big Round Number BRN 136.00. After that big candle whic is know as Wide range Bar WRB, we do not trade any TDI cross setup in that timeframe when the WRB appears. We can however trade the lower timeframe M15 using that WRB High Low as support and resistance until price action breaks out of that WRB range. Zoom out on your trading chart, you will see support and you sold right into support. Remember what Big E taught us: when wanting...

Thank You sir for the remarks.

I will take notes in future trades.
Quoting freebeans
Here it be. {file} {file}
Thanks - I got it now
Quoting adikashyap
{quote} -ve. Its always PA 1st .. then TDI confirmation ... Candles are not closing above Y H ... There is a very strong R just 40 pips higher ... Not worth a trade ......

Things are starting to get clear slowly.

Thank You.
Quoting robuk
Any opinion /guidance on this scenario re stoch being so high and tdi being in good position (H4 ), would this affect you taking the trade ?{image}
Read this post , it might help , from TMS M30 thread, its bascially describing the same answer ur looking for or quit similarly, hope this helps

http://www.forexfactory.com/showthre...94#post8550294

Good luck
I Have Learned to Take Some Losses to Make Profits
Quoting TheScorpS
{quote} Read this post , it might help , from TMS M30 thread, its bascially describing the same answer ur looking for or quit similarly, hope this helps http://www.forexfactory.com/showthre...94#post8550294 Good luck
But when you use the TDI OverBoughtt OB 68-level and OverSold OS 32-level as a filter trade setups you will miss a lot of good trades with lots of pips when trading the higher TFs H4, D1 and W1. What is important is when you see H4 TDI in OB or OS regions, you take a look at the daily and Weekly to see what the price action is and the price momentum. In strong trending market, price strength in H4 can continue in the OB / OS regions for many candles and these run into many good pips.

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For my trading, I use these:
Uptrend TDI 40 to 80 level
Downtrend TDI from 60 to 20 level



However, when you use the OB / OS TDI levels as filter in the lower timeframe H1 and below, it is good and you can also use the full TDI with the Yellow MBL and the TDI 50-level. This is the original Synergy trading model by Dean Malone. Remember when you trade lower TF, there are more trade opportunities and this Ob/OS filter will make up for the number of trades you look for in one week.

Why the number 68 and 32? Why can't it be just the good old RSI levels 70 and 30 for OB and OS?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting mustafafr010
Could this be considered as a bounce trade? EurJpy H4 {image}

your TDI Red Green has been refreshed.

look at this H1 example below:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
AUDUSD H1 21 Oct GMT0540

TDI example:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Now you compare the TDI one minute before the H1 candle close and after the H1 candle close:

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the TDI realtime shows it pointing down following the H1 price action but the TDI Red Green is still pointing up.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
EURUSD 20 Oct H1 GMT 0500 {image} Do you trade before London Open LO?
HI whwre can I get the right hand side 50 pip line indicator

THANKS
Got a Quick 20 from this EA trade, FO open.

Decided to enter the trade when PA closed Just a little bit above previous daily high. Hopefully it'll hit the next TP target!!

Green Pips to All!!
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why do we fall? So we can learn to pick ourselves up.
Quoting forfac
{quote} HI whwre can I get the right hand side 50 pip line indicator THANKS
BN Levels : Post#22,389 (also read post#49,341)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
3 full lots on both EN and GN ... love the Greenery so very much ...
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This is my first trade using TMS , i have been reding the thread for a week now i have been trading for few years now so took a mini lot instead of demo trading TMS .
i still have difficulty making TDI on MT4 android app . i would be glad if anyone could help me in making TDI on mt4 android app as most of the time i am out and i rely on mt4 android for taking trades .
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