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Trading Made Simple

  • #69,941
  • Jul 5, 2016 7:50pm Jul 5, 2016 7:50pm
Quoting wannalearn12
argh why aren't there any bounce entries xD?! Everything seems to be forming a trend for the week, excitinggggg post Brexit is normalizing? finally I hope. Will be monitoring during the AM hours my time for the bounces, Good luck

The impact of Brexit is going to last for quite long time.
What we have seen so far is just the first 'knee jerk' reaction.
Every week will be something happening so we must be prepared for anything and everything that can happen.

We are trading with the TDI, so we must allow the number of periods on our trading chart timeframe to pass. We must let those extremen bif candles and price gap to pass. After that we see the effectiveness of the TDI in showing us the price momentum. We want to look for TMS price action setups and to confirm the setups with price momentum. These are just 2 of the 10 things we look for to be sure they are the best setup or what I call A+++ setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,942
  • Jul 5, 2016 8:00pm Jul 5, 2016 8:00pm
Quoting emmanuel7788
{quote} The impact of Brexit is going to last for quite long time. What we have seen so far is just the first 'knee jerk' reaction. Every week will be something happening so we must be prepared for anything and everything that can happen. We are trading with the TDI, so we must allow the number of periods on our trading chart timeframe to pass. We must let those extremen bif candles and price gap to pass. After that we see the effectiveness of the TDI in showing us the price momentum. We want to look for TMS price action setups and to confirm the...
So as of now the TDI isn't accurate? Is there a specific time frame that should be focused on at the moment? I was unaware there were 10 boxes to check off pre-trade. I would love to print out the 1-10 and put them on my desk as a visual reminder so I can "check off" each one as I read the charts. Does anyone of a PDF of these 1-10? Note *somehow I pull pips out of the market - no idea how but I want to be more confident. Thanks for the info. and future info, sir.
  • #69,943
  • Jul 5, 2016 10:59pm Jul 5, 2016 10:59pm
Just a quick update on my trades. As usually would love to hear some critics...
Got ~150 pips, set TP near a resistance
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AU still running, slightly adjusted TP level to be near a possible support
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  • #69,944
  • Jul 6, 2016 4:00am Jul 6, 2016 4:00am
Quoting emmanuel7788
{quote} XAUUSD update July 6. Nice move since Monday opening. Market came back for those who waited patiently in H4 for a setup to jump in. Long term targets 1382 and 1417 are in sight but we must listen to market events which can be show stopper. Take thing one day at a time, no rush. We look after the downside and let the market decide on the upside. {image}

XAUUSD Weekly chart update.

just had a meeting with a few traders here and thought I update my weekly chart with a new 'resistance' level 1394.
it may takes days to reach but of the bullish rally continues, it is good place for target in few days.
when today closes, we move our protective stop to below today's low ...1355.15
do not forget we have FOMC during NY session.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,945
  • Jul 6, 2016 4:17am Jul 6, 2016 4:17am
Quoting wannalearn12
{quote} So as of now the TDI isn't accurate? Is there a specific time frame that should be focused on at the moment? I was unaware there were 10 boxes to check off pre-trade. I would love to print out the 1-10 and put them on my desk as a visual reminder so I can "check off" each one as I read the charts. Does anyone of a PDF of these 1-10? Note *somehow I pull pips out of the market - no idea how but I want to be more confident. Thanks for the info. and future info, sir.
Hi,

It not about accuracy of the TDI or mater of fact anything. trading is never about accuracy nor precision when we trade with technical indicators.
We shoud learn to trade more with Price Action and at the same time know what our indicator will show us.
About the TDI, look at my charts compare below. Both same TDI but with slight difference in the setting.
Left chart is set to use the RSI Close Price.
Right chart set to use the RSI Typical Price.
Compare the TDI Green at each candle.

Attached Image (click to enlarge)
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The ten(10) things:
this old post -
http://www.forexfactory.com/showthre...44#post8169744


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,946
  • Jul 6, 2016 4:19am Jul 6, 2016 4:19am
My first 3 trades with this strategy. please comment if something is wrong.
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  • #69,947
  • Jul 6, 2016 4:28am Jul 6, 2016 4:28am
GBPUSD Week 27 D1 chart trades closed.

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All GBP xxx pairs - GBPAUD, GBPCAD and GBPNZD are in sell zone...no buying until we see a strong bullish reversal.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,948
  • Jul 6, 2016 4:28am Jul 6, 2016 4:28am
Quoting blackfriday
{quote} Hi admiralifx, I am using MT5 and coded some indicators which I can share. Attached you will find a HA indicator with some additional features. Try arrows up and down and you will switch from HA to HA overlay with bars, candlesticks or line chart. Press H and all chart analysis lines will disappear, press H again and your analysis will be back. I love it, because it keeps you chart clean for trading.... ;-) {file}

hello blackfriday,

sound very interesting...can be used on mt4 as well?
  • #69,949
  • Jul 6, 2016 4:31am Jul 6, 2016 4:31am
Quoting Rims
My first 3 trades with this strategy. please comment if something is wrong. {image} {image} {image}

I am in the same buy AU and sell EA.
UCad no trade.

today is FOMC, can you manage the volatility with small SL?
where to place your SL before FOMC is the key to winner or loser.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,950
  • Jul 6, 2016 4:31am Jul 6, 2016 4:31am
Quoting emmanuel7788
{quote} Hi bodal, here is a short explanation on how the ISM ADR Marker works. hope this is clear, if not I will try another time {image} {image} regards,
Hi,Emm. What parameter is you set the ISM_ADR? Should i set the time zone? Thanks in advance.
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Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #69,951
  • Jul 6, 2016 4:35am Jul 6, 2016 4:35am
Quoting Bluesky8635
{quote} Hi,Emm. What parameter is you set the ISM_ADR? Should i set the time zone? Thanks in advance. {image}
looks like the same setting ...

my broker day open is Sydney open hour (GMT+3)
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,952
  • Jul 6, 2016 4:36am Jul 6, 2016 4:36am
Quoting emmanuel7788
{quote} I am in the same buy AU and sell EA. UCad no trade. today is FOMC, can you manage the volatility with small SL? where to place your SL before FOMC is the key to winner or loser.
plan is to close all before FOMC.
Just have my doubts about EURAUD. if you look at H4 it can make 1 more round trip before making a new low around 1.4761 ....not sure if its wise to stay in.
what is your TP?
  • #69,953
  • Jul 6, 2016 4:40am Jul 6, 2016 4:40am
Quoting Rims
{quote} plan is to close all before FOMC. Just have my doubts about EURAUD. if you look at H4 it can make 1 more round trip before making a new low around 1.4761 ....not sure if its wise to stay in. what is your TP?
I close EURAUD as i find the chances for it to make another round trip before making a new real low pretty big. If it does i can place a better entry. If not, just got +15pips.
  • #69,954
  • Jul 6, 2016 4:42am Jul 6, 2016 4:42am
Quoting Rims
Hi Emmanuel, Can you please point which post is explaining the trademanager you are using? also, how is it possible to trade manually during backtest with Strategy tester? does the trade manager make it possible to pause and take a trade somehow? Is there a post explaining this? It would help me a lot for testing and scale up my skills with this strategy. Thnx a lot for your contribution!

Hi Rims,

there are few trade manager EA posted here this thread which you can test with.

I remember one member posted a strategy tester before,
http://www.forexfactory.com/showthre...13#post8752913

use keyword search "Forex Tester" and you will find it easily.

you may want to consider using that.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,955
  • Jul 6, 2016 4:48am Jul 6, 2016 4:48am
Quoting Rims
{quote} I close EURAUD as i find the chances for it to make another round trip before making a new real low pretty big. If it does i can place a better entry. If not, just got +15pips.
auch...just closed before the nice drop
need to get more confidence in the system i guess...
anyways, the other 2 trades are in nice profit.
  • #69,956
  • Jul 6, 2016 4:50am Jul 6, 2016 4:50am
Quoting emmanuel7788
{quote} Hi Rims, there are few trade manager EA posted here this thread which you can test with. I remember one member posted a strategy tester before, http://www.forexfactory.com/showthre...13#post8752913 use keyword search "Forex Tester" and you will find it easily. you may want to consider using that. regards,
Thnx! will look.
Which one did you use for the test you posted Post 69,896
  • #69,957
  • Jul 6, 2016 5:10am Jul 6, 2016 5:10am
Quoting Rims
{quote} Thnx! will look. Which one did you use for the test you posted Post 69,896
that is my own trade manager for ME/ME trading.
several members are working on their own trade manager, for example tibovwh has done one...
in this post
http://www.forexfactory.com/showthre...23#post9015223

you may want to join his skype group.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,958
  • Jul 6, 2016 7:12am Jul 6, 2016 7:12am
Quoting koukou
{quote} hello blackfriday, sound very interesting...can be used on mt4 as well?
Hi koukou, unfortunately it is only for mt5, since the programming language of mt4 and mt5 is somehow different.
Best regards, blackfriday
  • #69,959
  • Jul 6, 2016 7:54am Jul 6, 2016 7:54am
Quoting Rims
My first 3 trades with this strategy. please comment if something is wrong. {image} {image} {image}
Hi Emmanuel,

I Still confused about TDI Indicator, in this forum so many version for TDI Indicator,

Could you give the link to download this TDI indicator that you use for trading ?
and what's best parameter setting for this indicator.


Thanks in advance.
  • #69,960
  • Jul 6, 2016 10:05am Jul 6, 2016 10:05am
Today's results with this system: +179pips
Very happy for the first day trading with the system. I hope to be able to reproduce it in a next day
Very interested to see if we can automate the system. There are still some do and don'ts that need traders experience...Sometimes there is no point to let run the trade to hit SL, just close it before it goes deeper in trouble or take the profit when you are satisfied or dont trade every signal. I need to get these parts very straight before any automation...
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