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Trading Made Simple

  • #72,561
  • Oct 24, 2016 9:37am Oct 24, 2016 9:37am
Quoting Fbps
{quote} My analysis: (1) I did a short on H1 when TDI cross. (2) 3rd candle is with both upper & lower wicks. (3) 4th candle was a blue bar when candle opens. I would have exited based on Big E rules (2) & (3). So, I dunno am rather confused 'cos 4th candle is now a long red bar and I am in profit {image}
Hi, Fbps!

Then that means you still do not know what your trading rules are. I suggest opening two demo accounts, and trade on one of them as per Big E rules, with his indis, exits based on TDI and all that, and then trade on the second account with Emm's settings for the TDI (TDI real version), and try to manage your trades by letting them run until you get invalidation. Use only a few pairs for this test, about 6-8, and then compare the results, see which one you feel more comfortable doing it, and then you need to stick to it, practise it more, and improve it.
  • #72,562
  • Oct 24, 2016 9:49am Oct 24, 2016 9:49am
hey catalin_eros ur trading good thank advice and share knowledge........................................
  • #72,563
  • Oct 24, 2016 9:50am Oct 24, 2016 9:50am
Saw some settings in a previous thread which caused me to look at the defaults of the TMS RSI I'm using ... would somebody mind checking if these are the best settings please?...
Attached Image
All for one and one for all
  • #72,564
  • Oct 24, 2016 9:52am Oct 24, 2016 9:52am
Quote
Saw some settings in a previous thread which caused me to look at the defaults of the TMS RSI I'm using ... would somebody mind checking if these are the best settings please?...
tdi emu setting
Attached Image
  • #72,565
  • Oct 24, 2016 10:00am Oct 24, 2016 10:00am
Got this sucker at the right time. BigE did mention a wheelbarrow. Since I managed to remove the mental block with closing losing orders and applying the "basic forex stuff"(Post#261 and Post#647 this type of trading is happening more and more on a frequent base.
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  • #72,566
  • Oct 24, 2016 10:21am Oct 24, 2016 10:21am
Quoting saranga
{quote} tdi emu setting {image}
Thank you saranga
All for one and one for all
  • #72,567
  • Oct 24, 2016 11:12am Oct 24, 2016 11:12am
Hi folks,

After a long pauze I am starting my trading sessions again. I have tried different trading strategies, EA's, mostly on short term. Now its time for some swinging effort

TDI looks as a great strategy and man this topic is huge! So I already installed and read all my info that I should know.

Now I still have some questions for you guys who probably are more experienced in mt4 as I am, so thanks in advance for a constructive reply !

I am looking for some addons for:
-> timer for next candle
-> visibility of my running positions on the chart.
-> a good visible "strong/weak, moderate buy or sell" indication visible on the screen / so I have a confirmation whenever I think a buy is right or wrong

I have been searching around for these but much are older and might have some bugs, so much appreciated if you guys could guide me a little !

greetz!
bunne
  • #72,568
  • Oct 24, 2016 6:31pm Oct 24, 2016 6:31pm
Quoting Fbps
{quote} My analysis: (1) I did a short on H1 when TDI cross. (2) 3rd candle is with both upper & lower wicks. (3) 4th candle was a blue bar when candle opens. I would have exited based on Big E rules (2) & (3). So, I dunno am rather confused 'cos 4th candle is now a long red bar and I am in profit {image}

Basci rule for trade management is when you trade the chart TF you also manage in that chart TF.

In this AUDUSD trade setup, it was a D1 chart TF setup. Since you missed the entry when Sydney open yesterday morning, you had another opportunity during the day to make a trade entry on H1 with that H1 setup during the London session. This H1 trade entry does not mean it is s H1 trade so you do not manage that as a H1 trade. And do not look at H4 and do all that unnecessary analysis which will only lead to more confusion with all that price action in the lower timeframe noise.

When you trade the higher TF charts like D1 and W1, you have other money management options to consider as your strategy. You do not need to do single entry and single exit when you trade the higher TF charts. Scale-in small trades and build up your positions in the market when there is a trend. Never mind what some people will say that is not core TMS etc. What is more important is that you fully understand how professional traders trade and make money from the market.
What is core TMS 5-Method is in Post#261 and Post#647. Money management was never mentioned in those two important posts.
Like Big E said, "use your brain". I say: Be creative, be innovative, be smart, be progressive, have an open mind and your brains won't fall out.

Below chart of my trades taken yesterday and now taken some profits with re-entry as the D1 setup is still valid.

The trade setup as seen on Monday morning Sydney open,

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 43 D1 sell setup.png Size: 34 KB


Trade update today Oct 25:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,569
  • Oct 24, 2016 6:35pm Oct 24, 2016 6:35pm
Quoting bunne
Hi folks, After a long pauze I am starting my trading sessions again. I have tried different trading strategies, EA's, mostly on short term. Now its time for some swinging effort TDI looks as a great strategy and man this topic is huge! So I already installed and read all my info that I should know. Now I still have some questions for you guys who probably are more experienced in mt4 as I am, so thanks in advance for a constructive reply ! I am looking for some addons for: -> timer for next candle -> visibility of my running positions...

I don't know exactly what you are looking for but most things shared in this thread are all here ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,570
  • Oct 24, 2016 6:44pm Oct 24, 2016 6:44pm
Quoting Tekkies
{quote} Emm the market is never right. If it was then it will have been one straight line. The market is never right, it is always seeking the right prize, and overshoot. Like a truck which brakes aren't working probably. Always trying to stop in time.

Tekkies,

if you are right about this one,
then I have been wrong for 30 years trading with the belief that the market is always right.
I am too old to change my core belief.

trade well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,571
  • Oct 24, 2016 6:57pm Oct 24, 2016 6:57pm
Quoting emmanuel7788
{quote} Trade Invalidation I have one simple rule i.e. when I trade a particular TF, I will manage in that same TF. Therefore if the setup was in Weekly charts TF, the trade invalidation is when that same trade setup got invalidated by an opposing setup. See EURAUD example below: {image} Next week 43, Oct 24 to 28, I will trade continuation of the Weekly 'trend' using the 5EMA as the direction. When Sydney opens in few hours time, I will continue with sell trades. My new stop loss will the high of the previous 2 weeks, i.e. the high of Week 41 Oct...
EURAUD Week 43 D1 chart Oct 25:

Yesterday was a another day Inside Bar which make it a Double Inside Bar.... consolidation. Opportunity in the coming days ahead.
But for now it is time to turn to H4 and look for trade opportunity and look for setup around the BRN and RN. Look at previous price action PPA...zoom out on your H4 chart.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 43 D1 chart Double IB.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,572
  • Oct 24, 2016 7:51pm Oct 24, 2016 7:51pm
Hi Guys,
First post on this site.

Please analyse my trade and give some feedback. Went Short on NZD/USD on the D1.
Used the Fibs on the Weekly chart. Showed that it hit the 61.8 (C) and going up to the 161.8 (D) but for now trading the retracement and taking profit just above the 61.8 as it goes to test support.

Thanks

Edit: I'm at work during the US Open and back home during the Sydney & Asia Open so can only trade the Day Chart around that time.
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Play the hand you were dealt.
  • #72,573
  • Oct 24, 2016 11:36pm Oct 24, 2016 11:36pm
AUDJPY Week 43 Oct 25 H4 trade.

Do not trade when market is in consolidation. How can we tell when the market goes into consolidation?
By looking at big candles and the TDI information.
Wait for the breakout and look at the TDI for price momentum to support the breakout.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPy Week 43 Oct 25 H4 BUOB MC breakout example.png Size: 87 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,574
  • Oct 24, 2016 11:41pm Oct 24, 2016 11:41pm
USDJPY Week 43 Oct 25.

Weaker Yen so UJ move higher. No sign of bearish reversal but H1 shows consolidation with that H1 big candle. We wait for the breakout .
When there is breakout, we target the RN 104.50 and BRN 105.00.


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 42 Oct 25 D1 chart view.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,575
  • Oct 24, 2016 11:48pm Oct 24, 2016 11:48pm
Learn not to waste time when the candles are small.
Go look for other more trendy pair to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 42 oct 25 H4 small candles.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,576
  • Oct 24, 2016 11:50pm Oct 24, 2016 11:50pm
Quoting Maule
Hi Guys, First post on this site. Please analyse my trade and give some feedback. Went Short on NZD/USD on the D1. Used the Fibs on the Weekly chart. Showed that it hit the 61.8 (C) and going up to the 161.8 (D) but for now trading the retracement and taking profit just above the 61.8 as it goes to test support. Thanks Edit: I'm at work during the US Open and back home during the Sydney & Asia Open so can only trade the Day Chart around that time. {image} {image}

hi,

Your D1 chart show a valid setup candle for sell. Patience when we trade D1 chart and manage well.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,577
  • Oct 24, 2016 11:54pm Oct 24, 2016 11:54pm
Interesting to look at NZDCAD, AUDCAD and USDCAD.
Short term 'correction' to fill orders and press on higher.
So no selling yet with weak CAD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,578
  • Oct 25, 2016 12:11am Oct 25, 2016 12:11am
Quoting Tekkies
{quote} Emm the market is never right. If it was then it will have been one straight line. The market is never right, it is always seeking the right prize, and overshoot. Like a truck which brakes aren't working probably. Always trying to stop in time.
Yes, markets are nothing but people and people are generally indecisive and confused on outcome of any data and news. So I agree the market is never right, just trying to find that balance point, that comfort zone.
  • #72,579
  • Oct 25, 2016 12:39am Oct 25, 2016 12:39am
Quoting emmanuel7788
{quote} Tekkies, if you are right about this one, then I have been wrong for 30 years trading with the belief that the market is always right. I am too old to change my core belief. trade well.
The little I know of TMS I get usually half of it wrong anyway
  • #72,580
  • Oct 25, 2016 3:16am Oct 25, 2016 3:16am
Good morning
Monday, open Eur Jpy and Aud Jpy (small position)
Perhaps the most important correction? D1 Cross TDi.
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