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Trading Made Simple

  • #67,141
  • Edited 7:53am Mar 17, 2016 7:35am | Edited 7:53am
Quoting emmanuel7788
{quote} post your chart either with Bar Chart or Candlestick, I will explain how you can see them.
thx for quick response!

is it maybe a solution to look at 4x H1 candle?

but then i also need to know which server settings are optimal, is there some kind of 'good' server setting?

and by the example you gave me earlier, you stated too use the 5 EMA +3 shift, but not looking at the 10 EMA anymore?

thanks again
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4 wrb.png Size: 62 KB
  • #67,142
  • Mar 17, 2016 9:35am Mar 17, 2016 9:35am
Hello everyone

I have been following this thread for sometime now Im no where close to catching up to the end yet. I have been trading in demo and I have done some really great trades but then Ive had some get me good

Can you take a look at the chart this is one from just now that I was considering?

For some reason it seems I do better when I go on the daily charts but when it comes to the 4hr charts I mess up alot......not sure if that even makes sense but anyways can you please tell me if you would sell here and if not why? Its on the second candlestick after the crossover from the TDI. Thanks for any and all advice I receive .....love this thread by the way. Thank you so much to all of you that put so much into it.
Attached Image (click to enlarge)
Click to Enlarge Name: demo chart.png Size: 59 KB
  • #67,143
  • Mar 17, 2016 10:03am Mar 17, 2016 10:03am
Quoting emmanuel7788
{quote} every day it is a battle between you and the other guys... so use some wisdom from Sun Tze - The Art of War. {image}
True words of wisdom
And I wanted to thank you Emmanuel by presenting you my first success this morning using this method.

Unfortunately I am at work and hence cannot post pictures.

But trade details are :
GBPCAD long on H4

Buy at 1.87656
Stop loss adjusted and triggered at 1.88298 (60+ pips bagged)

I am at this time going to limit my trading to evening and night.
I am at the mercy of my MT4 app on my trusty iPhone to observe and close already open trades during daytime.

I have a newbie question on the tracking of the start of a new period.
How can I figure out at what time a new 4H period starts ? The times provided at the bottom of chart is not in sync with the computer time I noticed.

Thanks much for all the help and advice. I assure you I am a fast learner and really appreciate your help.
Live life king size !
  • #67,144
  • Mar 17, 2016 11:19am Mar 17, 2016 11:19am
Quoting emmanuel7788
{quote} every day it is a battle between you and the other guys... so use some wisdom from Sun Tze - The Art of War. {image}
Emm, may I get an answer to this post, please?

Thanks in advance!
  • #67,145
  • Mar 17, 2016 11:35am Mar 17, 2016 11:35am
What do you guys think about this setup?

From how it looks on the D1 TF, we might have a nice pinbar today.

Is this a good buy setup? On H1 price has reached 200EMA and TDI might cross down to a sell. But on H4 it looks like a good buy signal, and that possible pinbar is tempting.

Any feedback is appreciated, thank you!

Bill

GBPNZD H4
Attached Image
focus, manage risk, rinse, repeat
  • #67,146
  • Mar 17, 2016 11:56am Mar 17, 2016 11:56am
Quoting bill992
What do you guys think about this setup? From how it looks on the D1 TF, we might have a nice pinbar today. Is this a good buy setup? On H1 price has reached 200EMA and TDI might cross down to a sell. But on H4 it looks like a good buy signal, and that possible pinbar is tempting. Any feedback is appreciated, thank you! Bill GBPNZD H4 {image}
Bill,

I would personally recommend waiting for the current h4 candle to close, then we will know if it closes above the 5ema. Also, if it does close above the ema, at what level would the tdi cross occur? Is this a level that would interest us?

In the meantime, is there a reason you are using the tdi_red_green and not the Synergy_pro_tdi?

Best
N
  • #67,147
  • Mar 17, 2016 11:59am Mar 17, 2016 11:59am
Quoting Nik-Nyc
{quote} Bill, I would personally recommend waiting for the current h4 candle to close, then we will know if it closes above the 5ema. Also, if it does close above the ema, at what level would the tdi cross occur? Is this a level that would interest us? In the meantime, is there a reason you are using the tdi_red_green and not the Synergy_pro_tdi? Best N

It is the real time version, created using RSI (10) and MA of 3 and 7. (called Fozzy RSI).

I prefer this one because it doesn't repaint and i can create it no matter what platform i use.


Bill
focus, manage risk, rinse, repeat
  • #67,148
  • Mar 17, 2016 12:05pm Mar 17, 2016 12:05pm
Quoting bill992
{quote} It is the real time version, created using RSI (10) and MA of 3 and 7. (called Fozzy RSI). I prefer this one because it doesn't repaint and i can create it no matter what platform i use. Bill

Bill,

Good, from the screenshot i thought it was the "older" tdi.

The h4 candle has now closed, i think you can now judge the trade setup more accurately. Let me know if you want further input.

Best
N
  • #67,149
  • Mar 17, 2016 12:13pm Mar 17, 2016 12:13pm
Quoting Nik-Nyc
{quote} Bill, Good, from the screenshot i thought it was the "older" tdi. The h4 candle has now closed, i think you can now judge the trade setup more accurately. Let me know if you want further input. Best N

Hello,

I tried all of them and i like this one the best.

New H4 candle formed, i still don t like it) Although it looks ok on H4, on the H1 and Daily it doesn't. Will stay out and check again see how it develops.


Bill

GBPNZD D1
Attached Image


GBPNZD H1
Attached Image
focus, manage risk, rinse, repeat
  • #67,150
  • Mar 17, 2016 1:07pm Mar 17, 2016 1:07pm
Quoting Nik-Nyc
{quote} Bill, Good, from the screenshot i thought it was the "older" tdi. The h4 candle has now closed, i think you can now judge the trade setup more accurately. Let me know if you want further input. Best N
Hi Nik,
Can you please provide some information on Synergy pro tdi ?
I have started with the old tdi red green. Is the Synergy pro more accurate?
Thanks in advance !
Live life king size !
  • #67,151
  • Mar 17, 2016 1:38pm Mar 17, 2016 1:38pm
hi

could a seasoned TMS trader give me some advice what to do in this situation.

i've shorted EURJPY on 15M TF, because the price was close to the top of the WRB H4.

an so the price dropped, but then a 'big' (i hope) retracement arose, and i am now in doubt what to do, because there came a trade invalidation on 15M tf, with a swing low CLOSE to the WRB low (which is also my TP target, put my 'hard' TP way lower, because i wanted to see how price reacted to the WRB low)

so my question: do some senior members have some rules for this situation, or some insights how i can spot some PA signs for maybe the bearish exhaustion?

thank you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH4 ff.png Size: 68 KB
Click to Enlarge Name: EURJPYM15 ff.png Size: 71 KB
  • #67,152
  • Mar 17, 2016 1:50pm Mar 17, 2016 1:50pm
Quoting foxtrader16
{quote} Hi Nik, Can you please provide some information on Synergy pro tdi ? I have started with the old tdi red green. Is the Synergy pro more accurate? Thanks in advance !
Hi foxtrader16,

The main reason i prefer the synergy_pro_tdi is because it moves with live price action. The original TDI is prone to repainting when you refresh you chart time frame.

Emmanuel has tested and compared both tdi's and shared his results in this thread. There are many post on the subject, start by looking at these:

http://www.forexfactory.com/showthre...di#post8556840
http://www.forexfactory.com/showthre...di#post8569731


Best,
N
  • #67,153
  • Mar 17, 2016 2:07pm Mar 17, 2016 2:07pm
Quoting ruben7222
so my question: do some senior members have some rules for this situation, or some insights how i can spot some PA signs for maybe the bearish exhaustion? thank you. {image} {image}
Ruben,

Regarding how to better read PA, i suggest you open Properties(f8) and under the "common" tab you select "chart on foreground". Also, switching from Japanese candles to bar chart keeps the chart less cluttered and the PA information is the same. Its important to remember that APB/HA cannot be used to read PA, but rather momentum. To correctly read PA we need to look at real price, and that is why i made the suggestions above.

Best,
N
  • #67,154
  • Mar 17, 2016 4:28pm Mar 17, 2016 4:28pm
Quoting catalin_eros
{quote} Hello, Nostromo! 1. You are absolutely right! The zooming distance can affect the angle. Big E went for maximum zoom in, then he zoomed out twice. That is the zoom you should be trading on at first. But in time, your eyes will adapt and be able to spot the right angle, even when you are at maximum zoom in. 2. Plot them and leave their size by default. 3. On the upper side of MT4 you have two buttons, one that says "Scroll the chart to the end on tick incoming" and another that says "Shift end of the chart from right border". Play with them...
Thanks Catalin and Chuckles for your responses, so nice to see people still willing to help beginners 3000+ pages into a thread!
  • #67,155
  • Mar 17, 2016 4:57pm Mar 17, 2016 4:57pm
Quoting catalin_eros
{quote} Hello, Nostromo! 1. You are absolutely right! The zooming distance can affect the angle. Big E went for maximum zoom in, then he zoomed out twice. That is the zoom you should be trading on at first. But in time, your eyes will adapt and be able to spot the right angle, even when you are at maximum zoom in. 2. Plot them and leave their size by default. 3. On the upper side of MT4 you have two buttons, one that says "Scroll the chart to the end on tick incoming" and another that says "Shift end of the chart from right border". Play with them...

i was wondering about this too actually,
well it was a similar issue, sometimes i would find myself stretching out the TDI box very wide to get a better view of the angles, in many cases i found that it was at the correct angle ....but then it occured to me that stretching out the box does indeed change the angle, so i am wondering what size TDI box to have.
probably best to just keep it at the defualt size when it appears i guess
  • #67,156
  • Mar 17, 2016 5:16pm Mar 17, 2016 5:16pm
Quoting ruben7222
{quote} thx for quick response! is it maybe a solution to look at 4x H1 candle? but then i also need to know which server settings are optimal, is there some kind of 'good' server setting? and by the example you gave me earlier, you stated too use the 5 EMA +3 shift, but not looking at the 10 EMA anymore? thanks again {image}

did your broker change its server time due to daylight saving on Sunday Mar 13?

your price data were the same like mine until Mar 13... looks like there is one hour shift.

when you trade TMS, use the 5EMA, Typical Price, Shift+3.

do not mix up the use of 10EMA which has other purpose and Big E did not use 10EMA. He look at PA around the BRN because he believed these BRN attract buyers and sellers. like "magnet".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,157
  • Mar 17, 2016 5:19pm Mar 17, 2016 5:19pm
Quoting kain775
{quote} i was wondering about this too actually, well it was a similar issue, sometimes i would find myself stretching out the TDI box very wide to get a better view of the angles, in many cases i found that it was at the correct angle ....but then it occured to me that stretching out the box does indeed change the angle, so i am wondering what size TDI box to have. probably best to just keep it at the defualt size when it appears i guess

just press both Ctrl+A on your keyboard to make the sub-window height to default.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,158
  • Mar 17, 2016 5:32pm Mar 17, 2016 5:32pm
Quoting Jenn4rex
Hello everyone I have been following this thread for sometime now Im no where close to catching up to the end yet. I have been trading in demo and I have done some really great trades but then Ive had some get me good Can you take a look at the chart this is one from just now that I was considering? For some reason it seems I do better when I go on the daily charts but when it comes to the 4hr charts I mess up alot......not sure if that even makes sense but anyways can you please tell me if you would sell here and if not why? Its on the...

when you sell, look for resistance because sellers sell from resistance and/or when buyers get stop by resistance. do you see resistance at the setup condition?

old resistance which is broken by buyers becomes support what some traders say resistance become support or support become resistance.

what did Big E say about supp&res?

http://www.forexfactory.com/showthre...90#post4765390
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,159
  • Mar 17, 2016 5:40pm Mar 17, 2016 5:40pm
Quoting catalin_eros
{quote} Hello, Emm! If the trade is taken on H4, you look for invalidation on D1, or the invalidation can also take place on H4?
Entry and Exit: keep simple rules:

entry and exit must be on the same trading chart timeframe.

TDI cross up on H4 you buy, TDI cross down on same chart H4 you exit.

there is only one exception, anyone who know this exception and post an example with a chart and explain this exception using this week's price data will win a prize from me.

give it a try, the prize is worth 1,000 pips per month.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,160
  • Mar 17, 2016 5:42pm Mar 17, 2016 5:42pm
Quoting bill992
{quote} It is the real time version, created using RSI (10) and MA of 3 and 7. (called Fozzy RSI). I prefer this one because it doesn't repaint and i can create it no matter what platform i use. Bill
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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