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Trading Made Simple

  • #67,181
  • Mar 17, 2016 10:06pm Mar 17, 2016 10:06pm
Quoting emmanuel7788
{quote} 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.
I provide 2 answers to try my luck

AUDJPY Daily

Trader who use 5EMA Typical shift+3,
TDI cross down but price not close below 5ema.
So still not yet trade invalidation for long trade.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily 5EMA Typical Shift+3.png Size: 41 KB


Trader who use 5ema typical shift+2,
price close below 5ema and TDI cross down.
It is a signal of trade invalidation for long trade.
But the price still close within WRB.
So better wait to breakout WRB then decide.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily 5EMA Typical Shift+2.png Size: 40 KB


I think others already posted the similiar answers as me
  • #67,182
  • Mar 18, 2016 12:10am Mar 18, 2016 12:10am
I am also thinking that perhaps a weekend or day price gap might also create a cross that should not be used as exit . . . am not in front of mt4 but perhaps other trader can check their charts to see if this might be the correct answer.

best,
N
  • #67,183
  • Mar 18, 2016 12:14am Mar 18, 2016 12:14am
Quoting kevinfeng
{quote} Let me try. When setup happened in the range of MBR or MC candle, the setup is invalid and that is the exception. isn`t it? here is the chart of USDCAD this week. sorry for unclear picture, i cut it from my VPS. {image}
This also seems correct . . . i can think of examples where after a strong popgun setup, which can create a WRB, i did not exit after the opposite cross. This also makes sense because it's all on one timeframe. In fact, WRB trading is alway recommended on a lower TF.

Best,
N
  • #67,184
  • Mar 18, 2016 2:06am Mar 18, 2016 2:06am
Quoting emmanuel7788
{quote} 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.
I thought you said that invalidation is on the close of PA under/above the 5, nothing about the TDI was stated in that post. So to be clear, you see invalidation as both PA and TDI, or only TDI, or only PA? Which one of the three? It's small details like these that can make a huge difference.
  • #67,185
  • Mar 18, 2016 2:22am Mar 18, 2016 2:22am
My first 3 weeks with TMS. For my persom its very good results, i never have such curve But i believe, this weeks i was very lucky. Need much time to have consisteence. But i learnt one lesson, one of the most important. I stopped search holy grail througt millions FF systems. I stay here.

Thanks Emmanuele and other mentors! Your results make me learn and go forward. Keep going
Attached Image (click to enlarge)
Click to Enlarge Name: 03_03.jpg Size: 210 KB
  • #67,186
  • Mar 18, 2016 2:26am Mar 18, 2016 2:26am
Quoting emmanuel7788
{quote} 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.
When the invalidation is made due to the news.
  • #67,187
  • Mar 18, 2016 2:35am Mar 18, 2016 2:35am
Quoting emmanuel7788
{quote} 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.
maybe when you use ME/ME, you use the ADR to add positions, and using the 2 day High/Low as SL point, and trail this SL when a day candle close.

so a TDI cross against your position can happen, but you close it when it hits your 2 day SL.
  • #67,188
  • Mar 18, 2016 3:32am Mar 18, 2016 3:32am
Quoting emmanuel7788
{quote} 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.
My Guess!! Taking AJ as an example, (attached chart) based on our BPP, daily trend will be bullish until it reaches 200EMA & around BRN 87.000, so we set our TP at around that level. However, it retraced for 2 days indicating bearish TDI cross. But instead of exiting, we added new open positions to lower our average entry price. This I think is the exception. Again, we need to follow the direction of the main trend and using ME/ME is an exception to the rule.

Hope my guess is right..
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 11 D1 chart trade update Mar16 open.png Size: 88 KB
  • #67,189
  • Mar 18, 2016 3:43am Mar 18, 2016 3:43am
Anyone else short on GBPUSD and NZDUSD rightnow ?


Bill
focus, manage risk, rinse, repeat
  • #67,190
  • Mar 18, 2016 4:02am Mar 18, 2016 4:02am
Quoting bill992
Anyone else short on GBPUSD and NZDUSD rightnow ? Bill
I am
the cautious seldom err....C
  • #67,191
  • Edited 4:37am Mar 18, 2016 4:19am | Edited 4:37am
Quoting bill992
Anyone else short on GBPUSD and NZDUSD rightnow ? Bill
For me its very agressive, especially GU. If you go CT, it must be from strong SR with strong PA
EN long looks not so stressful, but only if we close eyes on daily BEOB
  • #67,192
  • Mar 18, 2016 5:09am Mar 18, 2016 5:09am
Quoting makron
My first 3 weeks with TMS. For my persom its very good results, i never have such curve But i believe, this weeks i was very lucky. Need much time to have consisteence. But i learnt one lesson, one of the most important. I stopped search holy grail througt millions FF systems. I stay here. Thanks Emmanuele and other mentors! Your results make me learn and go forward. Keep going {image}
  • #67,193
  • Mar 18, 2016 6:25am Mar 18, 2016 6:25am
Aud NZD

Attached Image
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Break Resistance H4

Attached Image


Doest Break d1 support

what do guyz think about this trade???
  • #67,194
  • Mar 18, 2016 6:28am Mar 18, 2016 6:28am
Hello all!
That's right , I 'm doing ?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 191 KB
  • #67,195
  • Mar 18, 2016 9:55am Mar 18, 2016 9:55am
Quoting emmanuel7788
{quote} 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.
Let me try.... I can imagine two reasons for changing the timeframe of an open trade

1. already been said: if you are trading in a WRB. Eg you enter on H4, after that a WRB develops, so I would change to a lower TF, eg. H1 to determine my exit, see EURCAD chart. You can't trade in H4 anyway. Unfortunately my example is from last week
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 33 KB


2. if my trade is in loss, I can cut loss and close the position completely. To do this, I can look for a dip/retracement on a lower TF. So my exit will be on a lower TF
Best regards, blackfriday
  • #67,196
  • Mar 18, 2016 1:05pm Mar 18, 2016 1:05pm
Hi Emmanual,
Im on phone here so will try explain.
Here's my go:
You took trade on 4h chart with TDI cross, APB1 or 2.
Price moves in your favour and forms a WRB after moving say 100 pips in your favour.
I will not close if I get a cross to opposite side
but will use other side WRB as sl.

Hope it makes sense.
When I get home, will look for example on charts.


Quoting emmanuel7788
{quote} 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.
  • #67,197
  • Mar 18, 2016 2:35pm Mar 18, 2016 2:35pm
Quoting emmanuel7788
{quote} 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.


maybe this is?



"The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...A set up is NOT GREEN TOUCHING RED. Why? Many times green bounces back and the original direction continues. That's a bounce trade."



I'm not at home right now, so it can not represent the chart, but could me "break a twig" reducing the premium in half
Best Regards! DaniP.
  • #67,198
  • Edited 4:12pm Mar 18, 2016 3:37pm | Edited 4:12pm
Quoting emmanuel7788
{quote} 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.
Hi emmanuel, interesting question.. ill have a shot in dark..

Using GBPUSD H4 this week as example, here i go...

Trade not invalid after TDI cross due to support level (lower level of master candle) and 5EMS.
Price would need to close below both to make trade invalid (TDI may then show a bounce sell set up)

Cheers
Downunder
Attached Image
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #67,199
  • Mar 18, 2016 4:49pm Mar 18, 2016 4:49pm
Quoting emmanuel7788
{quote} 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.
Maybe the exception is when on a higher timeframe we just got a setup in the same direction as our current position?

For example on H4 we have TDI cross down:

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-03-18 at 23.38.54.png Size: 86 KB


But on D1 we just had a buy setup:

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-03-18 at 23.39.10.png Size: 92 KB
  • #67,200
  • Mar 18, 2016 7:10pm Mar 18, 2016 7:10pm
Hi Folks,

First thank you to all who have tried and posted your answers. I just dropped in to see how you all are doing as I am having a short coffee break now. I will need some time later after today's workshop which expect to end around 6pm my local time read read all replies and explain that question. Hopefully I find a winner...

Meantime, please read these posts and ask, did Big E changed his entry and exit rules for the 5-Method?

http://www.forexfactory.com/showthre...09#post4220609

http://www.forexfactory.com/showthre...16#post4575616

http://www.forexfactory.com/showthre...40#post4581540

If he did, then what made him do that?

This should be your weekend exercise and very important for those who wants to be profitable.

I'll be back ...

you all be good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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