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Trading Made Simple the right way, and other trading lessons 233 replies

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Trading Made Simple

Quoting dnl
{quote} As i learn from past chart, i found that a TDI cross = HA color change (this mean setup candle #1). so can i trade on candle #2 open (using japanese candle)? Is that safe?
actually im about to post the same question too..
Hello Emm,
please describe me, where is Daily Entry, see my Pictures. We know, TDI and TMS based on TREND TRADE. In my Picture we have Consolidation. Do you ever take a Entry in consolidation Daily chart, or allways in trend?

Daily Consolidation Chart:

Regular Breakout Entry:

Regular Trend Daily Entry:
Attached Images (click to enlarge)
Click to Enlarge Name: AU Daily Entry.png Size: 38 KB Click to Enlarge Name: EU Breakout Entry candle.png Size: 39 KB Click to Enlarge Name: UY trend Daily regular Setup.png Size: 57 KB
Quoting Trader MT4
Hello Emm, please describe me, where is Daily Entry, see my Pictures. We know, TDI and TMS based on TREND TRADE. In my Picture we have Consolidation. Do you ever take a Entry in consolidation Daily chart, or always in trend? Daily Consolidation Chart: Regular Breakout Entry: Regular Trend Daily Entry: {image} {image} {image}
Two cents
What is your master time frame?
If you start in H4 then trade H4 only. You use then D1 and H1 to help determine if order will go into profit.
Same for D1 then trade D1 only. You use then H4 and MN to help determine if order will go into profit.
Jumping between time frames, place one order in H1, other order in H4 and other order in D1 will confuse you.
When you study past orders how are you going to remember which order was with which time frame.
Have ask me self "why the heck did I place an order there" many a time when the order closed at loss

Compare H4 and D1. When the higher time frame is in consolidation then the lower time frame is zig zag - small trends
If I have made a choice I would leave D1 and trade H4 until D1 come out of consolidation
Keep it Simple
Quoting Trader MT4
Hello Emm, please describe me, where is Daily Entry, see my Pictures. We know, TDI and TMS based on TREND TRADE. In my Picture we have Consolidation. Do you ever take a Entry in consolidation Daily chart, or allways in trend? Daily Consolidation Chart: Regular Breakout Entry: Regular Trend Daily Entry: {image} {image} {image}
Hi i think you have problem with your shift on SMA take a look at these pls
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AU Daily EMA 5 Shift3
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Quoting Trader MT4
AU Daily EMA 5 Shift3 {image}
I think we have found disturbing bug
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Quoting dnl
{quote} As i learn from past chart, i found that a TDI cross = HA color change (this mean setup candle #1). so can i trade on candle #2 open (using japanese candle)? Is that safe?
No it is not safe.
In MQL4 programing the active bar is 0 (open), second bar is 1 (closed), third bar is 2 (closed) .............
You will open a trade on bar 3.
if you trade every cross because the bar change colour you will lose whether it is synergy or jap. You take a trade on bar 1 or bar 2
Remember:
a cross is only confirmed when the bar close.
the green must be visibly on the other side of red (not just a dot).
a cross and rebound can happen in one bar ( it is not possible but it look almost if it could happen (if that does make sense))
Here is one. Red dot is start of cross and then went into a rebound
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDmicroDaily.png Size: 54 KB
Keep it Simple
Quoting Tekkies
{quote} No it is not safe. if you trade every cross because the bar change colour you will lose whether it is synergy or jap. You take a trade on that bar 1 or bar 2. Remember: a cross is only confirmed when the bar close. the green must be visibly on the other side of red (not just a dot). a cross and rebound can happen in one bar ( it is not possible but it look almost if it could happen (if that does make sense)) Here is one. Red dot is start of cross and then went into a rebound {image}
Hey Tekkies, I noticed you took a buy..When did you enter as the tdi is showing sell
the cautious seldom err....C
Quoting pips29
{quote} Hey Tekkies, I noticed you took a buy..When did you enter as the tdi is showing sell
here you are:
Not D1 on H4
H4 is the master chart and the cross happened on that chart
You will notice it is against D1 trend.
On H1 there is a move up. The right trade would have been at the cross on H1. When i took the trade at 22:45:28 H1 did not had a check mark. (then I would have walked away from the trade. Against D1 trend and a sharp hook down on H1 = not good entry)
All lower time frames are moving up.
Stoch is going up
On top of support
Bar's are good. White bar is a (big) dojo.
Wick are (would say) not good or bad
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDmicroH4.png Size: 75 KB
Keep it Simple
Here's a trade I'm looking at for the week.

AUDUSD, H4.

There is a reversal going up off a possible symmetrical triangle support. TDI + Stochastic confirmation.

I don't believe it will go up all the way in quick succession - it's bound to retrace a bit for correction and then there's a better possibility of it going up all the way to the resistance (top yellow line). I am using fib ratios to gauge the areas to look for exits or re-entries.

I set a stop loss a few pips away from the previous candle - this usually works for me as it did for Big E.

So in summary, red zone I drew = pips I'm risking; green zone = expected pips;yellow zone = possible extension.

Note: On daily+ this pair is in a downtrend. So I am not expecting it to break the resistance at all. There is also a smaller than normal possibility of it not reaching the yellow zone. However, I will wait and see because market tells me first and then I trade it - not the other way around.

Feedback is welcome.
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Hello Emmual! Could you please upload all the Indicators or updated indicators here?
Backtesting the original Synergy pro TDI, but i've noticed when crosses occurs, it rarely occurs on the first or second HA candle
Read up and decided to move on from SE/SE to ME/ME strategy.
Noticed Buy signals on D1, 41 and H1 for the USD/CAD.

Entered Market order on H4 1.34120 (TP at 127.2 Fib extension) 1.34884
Buy Limit below at 1.33861 (TP at 127.2 Fib extension) 1.34884
Buy Stop above at 1.34579 (TP at 141.4 Fib extension) 1.35369
SL 35 and 40 pips away
Attached Images (click to enlarge)
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Quoting Zuiko
{quote} actually im about to post the same question too..

you don't need any indicators - not the TDI and not the Stochastics when you trade the simple 5-Method,

why?

read these 2 Big E's posts:

http://www.forexfactory.com/showthre...96#post4327996
The candle body must cross the ema and close to be a set up candle. When the next candle opens and is the same color... enter the trade.

Remember that HA candles average 3-8 candles per swing .

http://www.forexfactory.com/showthre...17#post4328017
Honestly on the 5 method you don't really need any indicators because the simple entry rules are so basic and clear cut. If I were to pick two it would be the tdi & stochs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
AUDCAD H3 Oct 31.

If you simply enter a trade on TDI cross and looking at a setup candle which closes above or below the 5EMA, you will lose more than you will win.
Does anyone know why Big E would not trade this setup (assuming he traded this pair)?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Week 44 Oct 31 H4 trade setup.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Tekkies
{quote} here you are: Not D1 on H4 H4 is the master chart and the cross happened on that chart You will notice it is against D1 trend. On H1 there is a move up. The right trade would have been at the cross on H1. When i took the trade at 22:45:28 H1 did not had a check mark. (then I would have walked away from the trade. Against D1 trend and a sharp hook down on H1 = not good entry) All lower time frames are moving up. Stoch is going up On top of support Bar's are good. White bar is a (big) dojo. Wick are (would say) not good or bad {image}

is that the last H4 candle of the week before NY closing?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting hasib
Manually back testing UsdJPy chart h4. Back test take too much time But it build more confident in the Trading method or system what ever you call it. Anyway I found APB indicator volatility Band which called PAC yellow color is much better than EMA 5 Shift 3. I think expert on this system agree with me. {image}
As Big E had mentioned, the Synergy trading model is conservative when compared to his aggressive entry trading style. He replaced the Price Action Channel which as originally ceated using the 5SMMA set to High - Low aas a price channel.
I don't see anything wrong if traders uses the 5EMA Typical Price, Shift+3 and also the PAC 5SMMA H-L.
Using the PAC 5SMMA can also help you filter out those narrow range candles and keep you out out the market until there is sufficent volatility when the price breaks out of the PAC. It also help you get a second chance to enter the market when you missed the aggressive entry using APB#2.

You can also use the PAC to help you manage your trades. You can move your stop by trailing the market ("let profits run") using the PAC high-low and you only exit i.e. close your trades when the price closes inside the PAC. These are very useful features in using the PAC.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD H4 PAC vs 5EMA.png Size: 63 KB


Do you want to right or do you want to make real money?

Price Action Channel

Comparing Big E 5-Method use of the 5EMA, Typical Price< Shift+3 with the Synergy model PAC and Synergy_Pro model PAC: Post# 54,118

High Probability Trading using Moving Average: Post#42,728


Trade Well folks,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • Post #72,838
  • Quote
  • Edited Oct 31, 2016 6:14pm Oct 30, 2016 9:06pm | Edited Oct 31, 2016 6:14pm
Being right and making money are two different things

http://www.forexfactory.com/showthre...17#post7405417
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
AUDCAD H3 Oct 31. If you simply enter a trade on TDI cross and looking at a setup candle which closes above or below the 5EMA, you will lose more than you will win. Does anyone know why Big E would not trade this setup (assuming he traded this pair)? {image}
No room up and down? There are previous support and ressistance right bellow and above current candle..
cmiiw
Hello I took a trade AUDJPY 4H.

TDI angle looks good, and stochastic is the same way

If Im wrong, please give me feedback.

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