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Trading Made Simple

  • #70,881
  • Aug 24, 2016 3:26am Aug 24, 2016 3:26am
Quoting trade786
{quote} Hi how are my question is when trading the daily tineframe how do we combine it with the monthly? Can we look for direction of the monthly candle APB and follow that direction whether its red or green

Hi,

You read all my old posts, you will notice that I do not look at the APB and TDI on my Weekly and Monthly charts.
I use my Weekly and Monthly charts to do my Big Picture Planning BPP. You need to know if the market is trending or sideways when you want to trade the day charts.
You want to trade the Day chart, it is Position Trading and you must be prepared to hold your trades for many days, usually 2 to 4 weeks.
As an example, tell me which currency pair and I will show you how to do a proper BPP and be prepared for some position trading.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,882
  • Aug 24, 2016 3:28am Aug 24, 2016 3:28am
GBPUSD H1 made a strong move, can you see the support ?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Aug 24 H1 setup WRB low support.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,883
  • Aug 24, 2016 3:40am Aug 24, 2016 3:40am
Quoting emmanuel7788
{quote} Hi, You can use any TDI setting you want but make sure you forward test in live market conditions, then you write your own trading rules for setup, entries and exits. I use the Synergy Pro setting - 10,5,34,3,1,7 Synergy_Pro_TDI settings: Post#59,624 regards,
My Synergy Pro indicator only has ability to configure single RSI.
The TDI Red green indicator I have does not have yellow line.

I appreciate that you have probably already done this but can you please share the TDI indicator you are using?
I have searched all attachements on this thread that you have posted but cannot see it.

thank you :-)
  • #70,884
  • Aug 24, 2016 3:55am Aug 24, 2016 3:55am
Quoting bluemosaic
{quote} My Synergy Pro indicator only has ability to configure single RSI. The TDI Red green indicator I have does not have yellow line. I appreciate that you have probably already done this but can you please share the TDI indicator you are using? I have searched all attachements on this thread that you have posted but cannot see it. thank you :-)
here:

Download the TDI realtime non-repainting version here:
TDI-RT version Post#17,848
and change the default settings to of the Synergy_Pro_TDI settings: Post#59,624

Choose your trading styles using the TDI – Scalping, Active and Moderate
Post#24,705, Post#23,486, Post#24,912, Post#51,153, Post#51,299, Post#56,578 Post#57,351, Post#57,394

remember to buy and sell into 'empty space' where there were no recent buying or selling actvity.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,885
  • Aug 24, 2016 4:01am Aug 24, 2016 4:01am
Example for M30 lovers, sell into 'empty space' ...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Aug 24 M30 sell into empty space.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,886
  • Aug 24, 2016 4:02am Aug 24, 2016 4:02am
Quoting emmanuel7788
{quote} here: Download the TDI realtime non-repainting version here: TDI-RT version Post#17,848 and change the default settings to of the Synergy_Pro_TDI settings: Post#59,624 Choose your trading styles using the TDI Scalping, Active and Moderate Post#24,705, Post#23,486,...
Thank you !
  • #70,887
  • Edited 11:09am Aug 24, 2016 4:41am | Edited 11:09am
Quoting emmanuel7788
{quote} Hi, You read all my old posts, you will notice that I do not look at the APB and TDI on my Weekly and Monthly charts. I use my Weekly and Monthly charts to do my Big Picture Planning BPP. You need to know if the market is trending or sideways when you want to trade the day charts. You want to trade the Day chart, it is Position Trading and you must be prepared to hold your trades for many days, usually 2 to 4 weeks. As an example, tell me which currency pair and I will show you how to do a proper BPP and be prepared for some position trading....
Hi emmanual7788,
BBP would be a fantastic post, AUSUSD? Unless there are other preferences?
  • #70,888
  • Aug 24, 2016 5:01am Aug 24, 2016 5:01am
Quoting emmanuel7788
Example for M30 lovers, sell into 'empty space' ... {image}

Hi Emm, would you please share your round number indicator?
Trade What You See NOT What You Expect
  • #70,889
  • Aug 24, 2016 5:53am Aug 24, 2016 5:53am
Quoting arwinkim
{quote} Hi Emm, would you please share your round number indicator?

most recent post asked and replied:

http://www.forexfactory.com/showthre...43#post9091743
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,890
  • Aug 24, 2016 5:55am Aug 24, 2016 5:55am
Another example EURAUD M30 trade, how to pick the best trade setup where there is 'empty space' to sell into.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 34 Aug M30 empty space trade.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,891
  • Aug 24, 2016 6:00am Aug 24, 2016 6:00am
PA was convincing. Struggling a bit with CM settings tho
Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 52 KB
  • #70,892
  • Aug 24, 2016 6:01am Aug 24, 2016 6:01am
Quoting emmanuel7788
{quote} GBPCAD H4 trades update: Added 2 positions and moved the first position to BE. Now set final TP near BRN 1.7200. If the current trend continues and the 52-weeks average trading range of 460pips, will manage this over these 2 days. Should protect all positions when the market reaches the next resistance level. {image} In case you missed my Big Picture Plan, here is the link: http://www.forexfactory.com/showthre...83#post9094483
GBPCAD trades update:

market now reached 1.7100 which is resistance level
All my positions are protected with profits and let them run to final TP 1.7200.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 34 Aug 24 update.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,893
  • Aug 24, 2016 6:04am Aug 24, 2016 6:04am
Quoting tibovwh
PA was convincing. Struggling a bit with CM settings tho {image}
very nice Bearish Outside Bar BEOB setup with TDI confirmation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,894
  • Edited 6:51am Aug 24, 2016 6:32am | Edited 6:51am
Quoting orestebufalo
Usdjpy tp hit. Small profit {image} {image}
Hi Orest!

Your trades are very impressive and your charts are very neat and properly details for me to understand why you took the trade.
It is very nice TRADEs & WINs!
I would follow you closely!

Well done
GOOD LUCK!
imdi
  • #70,895
  • Aug 24, 2016 6:54am Aug 24, 2016 6:54am
Quoting emmanuel7788
{quote} Hi, You read all my old posts, you will notice that I do not look at the APB and TDI on my Weekly and Monthly charts. I use my Weekly and Monthly charts to do my Big Picture Planning BPP. You need to know if the market is trending or sideways when you want to trade the day charts. You want to trade the Day chart, it is Position Trading and you must be prepared to hold your trades for many days, usually 2 to 4 weeks. As an example, tell me which currency pair and I will show you how to do a proper BPP and be prepared for some position trading....
Thankyou for the reply i am looking gbpaud
  • #70,896
  • Aug 24, 2016 7:09am Aug 24, 2016 7:09am
Quoting emmanuel7788
Another example EURAUD M30 trade, how to pick the best trade setup where there is 'empty space' to sell into. {image}
Are those your own marked S&R lines or indicator looks good to have
  • #70,897
  • Edited 9:40am Aug 24, 2016 7:34am | Edited 9:40am
Hi emmanuel,

in your reply to me in m30 about noting the candle space for trade, I'm not entirely sure which 20 candles you mean.

im thinking you mean the vertical candles [brown circle]

edit: I think you must mean the brown circle bars after seeing the other example on this page.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Aug 24 M30 study example2.png Size: 82 KB
  • #70,898
  • Aug 24, 2016 7:46am Aug 24, 2016 7:46am
Not sure what made this 100 pips spike... high positive slippage. Gold 4H.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-08-24_21-45-53.png Size: 16 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #70,899
  • Aug 24, 2016 5:57pm Aug 24, 2016 5:57pm
Quoting heispark
Not sure what made this 100 pips spike... high positive slippage. Gold 4H. {image}
nice ... good trade.

do you believe in traders sell when they see Head and Shoulders pattern?

or some traders prefer to sell Pin Bar at 10EMA on D1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,900
  • Aug 24, 2016 6:05pm Aug 24, 2016 6:05pm
Quoting kain775
Hi emmanuel, in your reply to me in m30 about noting the candle space for trade, I'm not entirely sure which 20 candles you mean. im thinking you mean the vertical candles [brown circle] edit: I think you must mean the brown circle bars after seeing the other example on this page. {image}

Hi,

I was not referring to any candles in particular. What I meant was we look for empty space of 10 to 20 candles distance to the left of where we see trade setups and when we have the TDI Green,Red and Yellow stack in proper order to help us decide to buy or to sell.
When there are no candle seen to the left of the setups, that means there were not buying or selling activities during those periods, hence no likely support of resistance in the way of your trades.

Hope this is clear now and you can pick the best trade setups, your win rate will improve in the next 100 trades.
Next thing to work on is on your money management strategy and your trade exit strategy, these will determine how much money you will make with every risk R taken for every trade setup.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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