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Trading Made Simple

  • #72,741
  • Oct 28, 2016 2:13am Oct 28, 2016 2:13am
Quoting emmanuel7788
{quote} ... I LIKE .
Thanks, The issue is I have bad Risk:Reward there. Can you comment?

Okoso
  • #72,742
  • Oct 28, 2016 2:36am Oct 28, 2016 2:36am
Quoting griffinssoul
{quote} excellent post lisat - always makes me feel good 2 c traders work'n hard 2 find the answers 4 themselves like u do ...... IMO u would really get a lot from the TMS M30 thread - read'n posts from LK & Lastingwell ....... keep going!!!!
This is what I meant about the signals - the tdi used is the one that stays as it is at the beginning of the candle and not refreshed. Taking this mornings signals purely on support/resistance good tdi cross and higher timeframe tdi these would have been taken no wonder eelfranz filled his wheelbarrow with not much difficulty. Others signaled but either had not closed below a pivot or were hovering above. These are only on the ones I watch and I watch 8 pairs.
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Success means going from failure to failure without loss of enthusiasm
  • #72,743
  • Oct 28, 2016 2:48am Oct 28, 2016 2:48am
Quoting emmanuel7788
{quote} those RN and BRN levels : BN Levels : Post#22,389 (also read post#49,341) the violet lines are my own MN price swing levels from my Big Picture Plan . I trade the 4H swing and D1 position trades from one MN swing level to the next level following the same 5-Method. Buy when PA is above the 5EMA, sell when PA is below the 5EMA. It plain and simple. the hard part is money management.
 
 
 
Which trading session do you normally take your 4HR & 1HR trades? 
Thanks
 
  • #72,744
  • Oct 28, 2016 3:00am Oct 28, 2016 3:00am
I am trying to Develop Trend directional long term trading strategy. In the Daily chart.
Any suggestion all ff expert friends.
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MA provides the market's current direction and strength.
  • #72,745
  • Oct 28, 2016 3:09am Oct 28, 2016 3:09am
Quoting emmanuel7788
{quote} yes those setting ( 10,5,34,3,1,7 ) is correct and more and more 5-Method traders are using this now. You need to re-write your entry and exit rules on your own. Big E used the TDI Red Green in its default setting (13,0,34,2,0,7) which is the older version and that TDI Red Green repaint all history bars. You must also note that all of Big E training charts posted are refreshed charts hence all the TDI cross and bounce setups are repainted and not the same in realtime. You see the problem here when newbies here learn from his training charts...
Emmanuel7788,

Is 5 representing Median Price and 3 representing Exponential? My TDI settings has no number settings for this two items.
  • #72,746
  • Oct 28, 2016 3:29am Oct 28, 2016 3:29am
Quoting griffinssoul
{quote} good work Daniel 777 - cant tell ya how good it makes me feel 2 c a trader try'n hard like u r ........ let me put this out there - if u were doing this trade using TMS it would have given u 2 good trades on EJ H4 that i can c ....... keep going!!!!! {image}
hello Griffin, after 9 months lurking around here learning about TMS finally i forced my self to sign up and join in order to get answer for my un answered question.
i see that you are not using 5 ema instead of ema/sma 1 without shift3 to mimic line chart maybe? how did you trade with that line chart+HA+TDI cross?
please give me some light
thanks
  • #72,747
  • Oct 28, 2016 4:22am Oct 28, 2016 4:22am
Quoting TalentTrader
Hi All, I am quite new to FF. And this thread has caught my attention. Could I have a good place to start within this thread? I realized at the start it was talking about TDI. but it seems to me that this thread has evolved quite abit. A little help here for a new guy? Thank you.
This post by Emm is a good place to start > http://www.forexfactory.com/showthre...34#post8324434
  • #72,748
  • Oct 28, 2016 4:35am Oct 28, 2016 4:35am
Quoting okoso
{quote} Another set up just happened now? {image}
It was a perfect setup until the TDI did a 180 degrees turn. To me, this chart meets Big E rules or am I missing something?

This is not a one-off chart, I've seen lots behaving in that manner.
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  • #72,749
  • Oct 28, 2016 4:46am Oct 28, 2016 4:46am
Quoting Fbps
{quote} It was a perfect setup until the TDI did a 180 degrees turn. To me, this chart meets Big E rules or am I missing something? This is not a one-off chart, I've seen lots behaving in that manner. {image}
Take a look at the timeframe higher in this case h4 when that trade would have been taken.
Success means going from failure to failure without loss of enthusiasm
  • #72,750
  • Oct 28, 2016 5:09am Oct 28, 2016 5:09am
Quoting Fbps
{quote} It was a perfect setup until the TDI did a 180 degrees turn. To me, this chart meets Big E rules or am I missing something? This is not a one-off chart, I've seen lots behaving in that manner. {image}

Even Big E with all his 6,000 trading hours experience and knowing how to pick only the best setups had 20% to 30% failed trades despite his quick exit style.

Every trade setup has it risk. This trade setup for example has one risk if you apply Post#647 as your pre-trade checklist and that has nothing to do with H4.

Learn to trade and look for A+++ setups.

What is A+++ setups? have been asked many times and answered by me that same number of times. Do not mix up with AAA setups LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,751
  • Oct 28, 2016 5:15am Oct 28, 2016 5:15am
Quoting jimisan
{quote} Emmanuel7788, Is 5 representing Median Price and 3 representing Exponential? My TDI settings has no number settings for this two items.
TDSI (10,5,34,3,1,7)

5= Typical Price
3= Period of the Price Line or commonly known as the Green line.
1= Exponential moving average

everything you need to know about the Traders Dynamic Index
Post#72,156
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,752
  • Oct 28, 2016 5:15am Oct 28, 2016 5:15am
hi emmanuel7788 my last 4 trade 3 tp hit one sl
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  • #72,753
  • Oct 28, 2016 5:22am Oct 28, 2016 5:22am
Quoting hasib
I am trying to Develop Trend directional long term trading strategy. In the Daily chart. Any suggestion all ff expert friends. {image}

In this 5-Method, we use the 5EMA, Typical Price, Shift+3 as the direction of our trades.
Price action above the 5EMA is buy only.
Price action below the 5EMA is sell only.
Every other moving average you add on your charts are your own choice and you must have your own reason why you use them.

The TDI shows us the momentum of the price not the price trend. But when both the price trend and the momentum trend are in Synergy, then we are in the business to make money.

but if you want to use the TDI which is the RSI to determine the market trend, then you must study this book.
Read this book
RSI: The Complete Guide Post#27,110 by John Hayden

Trend Determination using the RSI (TDI) Post#26,774
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,754
  • Oct 28, 2016 5:23am Oct 28, 2016 5:23am
Quoting saranga
hi emmanuel7788 my last 4 trade 3 tp hit one sl {image}

well done ...

learn from your own trades and repeat what you did in those winners.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,755
  • Oct 28, 2016 5:30am Oct 28, 2016 5:30am
Quoting okoso
{quote} Thanks, The issue is I have bad Risk:Reward there. Can you comment? Okoso

If you have bad R:R, then you need to change that. I do not take a trade when the potential R:R is less than 1: 1.5.

That EURNZD trade was not that attractive because this whole week it has been in narrow range as I saw that in H4. Also it is coming out of the bearish move on D1. This is the same with the other pairs EURAUD and EUCAD which I compare all the time in my 16-pairs selection.
Nevertheless, that setup was okay in my view despite the risk I see to the left of that H1 chart. I would have taken that too if I am trading H1 entry following the D1 chart master candle breakout setup. I don't have a problem with that potential R:R 1:1 because I know my expectancy is 2.5 and with my win rate of 65% I wont suffer if that turn out to be a loser.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,756
  • Oct 28, 2016 5:44am Oct 28, 2016 5:44am
Quoting Alex1055
{quote} GU-double bottom,target 1.2400
GU-SHORT-Outbreak-Optimum set up-if the H4 candel closed below 1.2150
Targets:1).1.2100 BRN
2)strong support D1- 1.2080
3)H&S-1.2020
4)Triange descending-arround 1.1960

Any comments,maybe Master Emmanuel.?

Thanks
demo account
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  • #72,757
  • Oct 28, 2016 5:55am Oct 28, 2016 5:55am
Quoting nanacarter
{quote}    Which trading session do you normally take your 4HR & 1HR trades? Thanks Â
I can trade the Asian and London session because of the time zone I live.
I check my charts once every 4 hours and it does not have to be the H4 candle close time.
The best time for me to place my trades is usually when Tokyo open, then once every 4 hours later.

I dont like to trade H1 intraday so much these days because there is too much market noise during the day.
If I am at my PC in the mornings, then I trade H1/M15 for 15 to 20pips using the SYD_2H range.
Most of my trades are done with the D1 and W1 charts view as my dominant trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,758
  • Oct 28, 2016 5:55am Oct 28, 2016 5:55am
Quoting emmanuel7788
{quote} Even Big E with all his 6,000 trading hours experience and knowing how to pick only the best setups had 20% to 30% failed trades despite his quick exit style. Every trade setup has it risk. This trade setup for example has one risk if you apply Post#647 as your pre-trade checklist and that has nothing to do with H4. Learn to trade and look for A+++ setups. What is A+++ setups? have been asked many times and answered by me that same number of times. Do not mix up with AAA setups LOL.
Sigh...Post #647 has been referred to a thousand times. So exactly what is wrong with this trade?

Can someone dissect and comment pls?
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  • #72,759
  • Oct 28, 2016 6:03am Oct 28, 2016 6:03am
Quoting Alex1055
{quote} GU-SHORT-Outbreak-Optimum set up-if the H4 candel closed below 1.2150 Targets:1).1.2100 BRN 2)strong support D1- 1.2080 3)H&S-1.2020 4)Triange descending-arround 1.1960 Any comments,maybe Master Emmanuel.? Thanks demo account {image}
First, I am not 'Master Emmanuel' but just an ordinary human being and trader.

I see a H4 Master Candle MC[3] on your chart and that is market consolidation.
We do not trade when we are in consolidation or near a cpnsolidation (Post#647)
We trade the breakout of the consolidation in the direction of the 5EMA and the TDI. This works 80% of the time.

Another way is to trade the lower TF but have a view to that MC[3] and 5EMA direction..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,760
  • Oct 28, 2016 6:06am Oct 28, 2016 6:06am
Quoting Fbps
{quote} Sigh...Post #647 has been referred to a thousand times. So exactly what is wrong with this trade? Can someone dissect and comment pls? {image}

How close is that H1 setup to a to a previous high?

is that not obvious on your chart? that swing high yesterday.... resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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