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Trading Made Simple

  • #71,381
  • Sep 22, 2016 2:27am Sep 22, 2016 2:27am
Quote
Good market analysis can certainly contribute to and play a supporting role in one’s success, but it doesn’t deserve the attention and importance most traders mistakenly attach to it. Mark Douglas

this is 1 of my position/swing trades - i dont use the Angleator cause it slow train ...... i read the TDI 2 show me wat 2 do next - works mega well & relaxing 2

when i trade UCad i always see wat Davit is doing at the TDI-Pivots thread [ http://www.forexfactory.com/showthread.php?t=588764 ] - he called the spikeup to the pip
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  • #71,382
  • Sep 22, 2016 2:36am Sep 22, 2016 2:36am
Quoting saranga
{quote} hi mate can u help me how to use thi's s.shot mark my english bad dr pls tell me {image}
hey saranga - those number give u the the number the Green line is on the RSI over sold [thats y they r red] - they only show over sold if the market is ranging ..... also u can change the setting on the Angleator 2 show u the angles of the Green line - ur setting WAvg is 4 the avg of Red & Green ..... plz read my journal about this

Quoting hsn100
{quote} Just brilliant....
...... i always have a game plan 4 every market condition ...... scalp / swing / position ....... when 1 ting goes low the other usually goes off
  • #71,383
  • Sep 22, 2016 3:58am Sep 22, 2016 3:58am
AUDNZD Week 38 ..
no shorting of this pair no matter what harmonics pattern show you. the PRZ can be very big area and
the PPA is what TMS traders must look at for potential reversal.
market fundamentals dictate this pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,384
  • Sep 22, 2016 3:59am Sep 22, 2016 3:59am
Emmanuel thanks for this pdf on Head and shoulders pattern, Explains it really well and is helpful. Recommended reading for all.
Attached File(s)
File Type: pdf Head and Shoulders market psychology.pdf   71 KB | 621 downloads
It's in fear when people show what they truly value.
  • #71,385
  • Sep 22, 2016 4:25am Sep 22, 2016 4:25am
TDI for me is the Holy Grail.
My win rate is about 85 - 90% with with all rules applied.

It really does work, however got this major bad habit of not knowing when to close a losing trade. Maybe it is that I have taken this sentence to heart. It has called many a time an margin call. Is there an EA that can be used to set stoploss at mmm say $20.00 Have found many and all use either points, pips, support/resistance, pivots to place SL. Would rather learn in layman's terms how to get rid of this major annoying, bad losing, moral killer, pips sucking, account destroying habit.

"I hate S/l trading. The safest way is to place your S/L at the last hi or low a couple of candles
back... I've never had one taken out that way..."
  • #71,386
  • Sep 22, 2016 4:26am Sep 22, 2016 4:26am
Quoting emmanuel7788
{quote} Hi, here AUDUSD update Sep 22. FOMC did not reverse this pair, the direction was clear since Monday. Did FED keeping its rate disappoint? What about BoJ? Now market reacts at RN 0.7650 also previous PPA. Try to manage until it reaches 100% of the 52-weeks ATR measure from Monday' Low, which is very close to its Open. It can be this week' exhaustion at 100%ATR(52)W1. However, if we see buyer chasing this pair higher today and tomorrow, it can reach 120%ATR(52)W1. there is nothing that suggest it will reverse any time soon. we look at D1 chart...

AUDUSD Week 38 H4 just reached 100% of its ATR(52) weeks,

do you exit and take profit?

how do you squeeze the pips of the market?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,387
  • Sep 22, 2016 4:30am Sep 22, 2016 4:30am
Quoting Tekkies
TDI for me is the Holy Grail. My win rate is about 85 - 90% with with all rules applied. It really does work, however got this major bad habit of not knowing when to close a losing trade. Maybe it is that I have taken this sentence to heart. It has called many a time an margin call. Is there an EA that can be used to set stoploss at mmm say $20.00 Have found many and all use either points, pips, support/resistance to place SL. Would rather learn in layman's terms how to get rid of this major annoying, bad losing, moral killer, pips sucking, account...

Big E was right about where he placed his initial SL...

but he was too quick to exit when his TDI Red Green goes flat or hook back etc. and also when price pulls back at his entry.

but he has his reason for his exit style and it has to do with money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,388
  • Sep 22, 2016 4:37am Sep 22, 2016 4:37am
Quoting ensale
Emmanuel thanks for this pdf on Head and shoulders pattern, Explains it really well and is helpful. Recommended reading for all. {image}

Hi,

glad it helped you.

its always interesting how very experienced traders read chart patterns and deduce the market psychology behind the chart patterns.

even more interesting what these very experienced traders have to say about the market psychology behind those Elliot Wave theory. In an impulse wave, why is Wave 3 is the largest of the 5-waves?
After Wave 5 completion, what do the corrective waves pattern tell us about the herd?

Can wave patterns tell us about the Fear and Greed of the herd?

Want to read more?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,389
  • Sep 22, 2016 5:04am Sep 22, 2016 5:04am
Quoting emmanuel7788
{quote} Hi, glad it helped you. its always interesting how very experienced traders read chart patterns and deduce the market psychology behind the chart patterns. even more interesting what these very experienced traders have to say about the market psychology behind those Elliot Wave theory. In an impulse wave, why is Wave 3 is the largest of the 5-waves? After Wave 5 completion, what do the corrective waves pattern tell us about the herd? Can wave patterns tell us about the Fear and Greed of the herd? Want to read more? regards,
Would love to read more, it is interesting to read about the physiological/emotions traders go through with trading the markets..

And yes your right about Fomc not reversing the market.. aususd, nzd usd made new highs in ABcd pattern., it was fairly simple to see it was going to prev week high on nzd Usd.
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It's in fear when people show what they truly value.
  • #71,390
  • Sep 22, 2016 5:27am Sep 22, 2016 5:27am
Quoting Tekkies
TDI for me is the Holy Grail. My win rate is about 85 - 90% with with all rules applied. It really does work, however got this major bad habit of not knowing when to close a losing trade. Maybe it is that I have taken this sentence to heart. It has called many a time an margin call. Is there an EA that can be used to set stoploss at mmm say $20.00 Have found many and all use either points, pips, support/resistance, pivots to place SL. Would rather learn in layman's terms how to get rid of this major annoying, bad losing, moral killer, pips sucking,...
hey Tekkies - superb win rate wat is ur R:R? if u can get that win rate wit at least 1:1 wat ever ur doing wit SL cant b all that bad ....... i guess there is difference between scalp & swing/position trades ...... the worst ting u can do is hold ur losing trades more than any sense to hold them - this is not wat Big say 2 do ........ the DD will bend ur psychology more than anyting else ........ Big E's strategy is as close to it as i can get .......
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  • #71,391
  • Edited 6:13am Sep 22, 2016 5:55am | Edited 6:13am
Quoting griffinssoul
{quote} hey Tekkies - superb win rate wat is ur R:R? if u can get that win rate wit at least 1:1 wat ever ur doing wit SL cant b all that bad ....... i guess there is difference between scalp & swing/position trades ...... the worst ting u can do is hold ur losing trades more than any sense to hold them - this is not wat Big say 2 do ........ the DD will bend ur psychology more than anyting else ........ Big E's strategy is as close to it as i can get ....... {image}
Hi griffin
Do not look at R:R. Use only TDI cross and a sharp look out for support / resistance. Check HI for crosse, check H4, D1 for trend and S/R. Use H1 to enter, attach trailer stop and let the order run. (safeguard the pips I made with a trailer stop and the R:R wil get there). Very stubborn about those damn losing trades to my determent. I just don't know when to close a losing trade always hoping the market will move back into profit. Today was the last straw that $497 lose really got the battery out my trading. Would really like to walk away from PC and have only winners.( ye right) Below are a few of my trade since yesterday on demo. The demo account from last week I blow up due to not closing losing trades. All trades were made with 0.05 lot size. Can post a excel with last week's trades
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  • #71,392
  • Sep 22, 2016 7:16am Sep 22, 2016 7:16am
Quoting emmanuel7788
{quote} AUDUSD Week 38 H4 just reached 100% of its ATR(52) weeks, do you exit and take profit? how do you squeeze the pips of the market? {image}
Hello Emmanuel, Since it is eight HA bar, im trailing bellow the last HA bar, do you see this as a good approach?

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  • #71,393
  • Sep 22, 2016 11:32am Sep 22, 2016 11:32am
Quoting Incanus
{quote} Hello Emmanuel, Since it is eight HA bar, im trailing bellow the last HA bar, do you see this as a good approach? {image}
Hello,

only you want to know,

here is one idea taken off the internet

Exit Strategy (Keep Every Pip)

but since we trade TMS with the TDI, the secret is in the use of the TDI with what we call 'profit locked' feature in trade management EA.

I will explain with live trade next time if there are more people here who wants to learn.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,394
  • Sep 22, 2016 12:01pm Sep 22, 2016 12:01pm
Quote
hello,

only you want to know,

here is one idea taken off the internet

exit strategy (keep every pip)

but since we trade tms with the tdi, the secret is in the use of the tdi with what we call 'profit locked' feature in trade management ea.

I will explain with live trade next time if there are more people here who wants to learn.

Regards,
honesty is a very expensive gift. You wont find it in cheap people.wbuffet
nice emu it;s work big time chart?
  • #71,395
  • Sep 22, 2016 12:35pm Sep 22, 2016 12:35pm
Quoting emmanuel7788
{quote} Hello, only you want to know, here is one idea taken off the internet Exit Strategy (Keep Every Pip) but since we trade TMS with the TDI, the secret is in the use of the TDI with what we call 'profit locked' feature in trade management EA. I will explain with live trade next time if there are more people here who wants to learn. regards,
I would say Val_Bands.mq4 is a waste of time.
APB already give all the info required. Short candels, short wickes.

Would really like to learn about "profit locked" Those blooming losing trades.
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  • #71,396
  • Sep 22, 2016 3:43pm Sep 22, 2016 3:43pm
Hi everyone,

Really new to forex and learning something new every day, on a demo account currently and going through the baby pips school which is helping a lot!

I have placed a few trades so far and losing on most of them, am I okay to be uploading entry's to get some feedback on them and then exits as I am not to sure if my entry's are correct.

I am also struggling with the 5EMA Typical Price, Shift+3, what this mean and how to use it? I read "Look for the setup candle, the candle which closes above the 5EMA for buy and below the 5EMA for sell" But how does this actually work, the mechanics behind it.

Here are my current trades, I am GMT time:

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Thanks

Gniraw
  • #71,397
  • Sep 22, 2016 6:46pm Sep 22, 2016 6:46pm
Quoting Gniraw
Hi everyone, Really new to forex and learning something new every day, on a demo account currently and going through the baby pips school which is helping a lot! I have placed a few trades so far and losing on most of them, am I okay to be uploading entry's to get some feedback on them and then exits as I am not to sure if my entry's are correct. I am also struggling with the 5EMA Typical Price, Shift+3, what this mean and how to use it? I read "Look for the setup candle, the candle which closes above the 5EMA for buy and below the 5EMA for sell"...
The 5ema was a leftover from a system that BigE was testing. As the system developed the 5EMA and Stoch was later removed by BigE and he only used TDI cross. (please correct me if I am wrong)
As for your charts.
USDCAD
- to close to the 32 line
- red down, green up so the cross is not 4/6 look at the other crosse red and green are pointing in the same direction more or less
- red shows a strong momentum down have you checked D1 TDI is going down so you placed a order against the thread
- candles are long. what might have confused you is the last red candle which showed confusion about which direction the mark want to go
AUDUSD
same = to close to 68 - not 12/2 - only slightly showing same direction - did not check D1 for trend direction
read this forum - TMS for Newbies Part 2
pdf for TDI crosses - http://www.forexfactory.com/attachme...6&d=1460053235
pdf for APB - http://www.forexfactory.com/attachme...5&d=1460053223
  • #71,398
  • Edited 11:03pm Sep 22, 2016 7:12pm | Edited 11:03pm
hello guys, I wanted to ask you something, how many trades do you enter at day? how many pips do you make at day? I'm already watching 8 charts and using the D1 to see the trend and make my decisions to trade on H4 and H1 but only when there are signal on the same trend... no much entries at day, this is normal right? because last week learning the system lost a lot of pips because I was entering on every "signal", both on trend or against... If you could add an advice will be great, thanks
  • #71,399
  • Sep 22, 2016 9:26pm Sep 22, 2016 9:26pm
Quoting emmanuel7788
{quote} Hello, only you want to know, here is one idea taken off the internet Exit Strategy (Keep Every Pip) but since we trade TMS with the TDI, the secret is in the use of the TDI with what we call 'profit locked' feature in trade management EA. I will explain with live trade next time if there are more people here who wants to learn. regards,
I am keen to learn how to best utilize the Trade Management EA. Personally I got out with 115pips on the audusd trade as it reached my target.
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  • #71,400
  • Sep 22, 2016 11:29pm Sep 22, 2016 11:29pm
Quoting griffinssoul
{quote} hey Tekkies - superb win rate wat is ur R:R? if u can get that win rate wit at least 1:1 wat ever ur doing wit SL cant b all that bad ....... i guess there is difference between scalp & swing/position trades ...... the worst ting u can do is hold ur losing trades more than any sense to hold them - this is not wat Big say 2 do ........ the DD will bend ur psychology more than anyting else ........ Big E's strategy is as close to it as i can get ....... {image}
Wow Griffinssoul,

At the end of the day R:R or W/L ratios mean nothing unless the the account is going up and overall % / week/month is certainly the best indication of this. 183% Thats Awsome!
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