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Trading Made Simple

  • #73,101
  • Nov 7, 2016 5:28pm Nov 7, 2016 5:28pm
Quoting Bita1.314
Guys I`m just confused how you usually enter to the trade one candle earlier? I always take position when I see the cross over on TDI when the candle close I make sure then enter. can you give me some advice?

If you enter one candle earlier before the 5-Method setup candle with TDI confirmation, you will lose more than you will win.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,102
  • Nov 7, 2016 5:30pm Nov 7, 2016 5:30pm
Quoting griffinssoul
{quote} IMO the number of trades is not important - but the process is mega important - excellent trading buddy ....... one suggestion/request is if u could mark the entry candle - that way noobs would benifit from this IMO ........ thnx 4 post'n
support this as well, appreciate if entry candle is marked.

Thanks

fei
  • #73,103
  • Nov 7, 2016 5:36pm Nov 7, 2016 5:36pm
Quoting bunne
{quote} Thanks Emm, You made me think over and over and it drove me crazy today ;-) but I think I got it. 3-8 candles it is. When I am going to trade H4, I will be watching my daily trend to see if these upcandles are in the same uptrend or downtrend "shape" and I will be careful when those are trying to turning around (also 3-8 candles, unless its a longer or shorter trendperiod, by looking in the D1 history, so it can vary). I know now what my problem is: I was watching months back in the D1 trend and I realize now that this is the same as converting...

the price move in waves, therefore there is always a 'trend' in every timeframe even down to the one minute chart.

if you study carefully the H4 charts of those 8 pairs Big E traded and the way he traded during the time between 2008 and 2010, what has changed since 2011 till 2016?

if you trade H4 they way he described in Post#1, his trades do not last past candle #5 of that swing 3 to 8 candles using that TDI Red Green. Do you see why?

so my question to all TMS 5-Method traders is, do you want to use the TDI for exit? which TDI version and settings do you use?

Some things you all need to think of and plan your business for 2017.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,104
  • Nov 7, 2016 5:45pm Nov 7, 2016 5:45pm
Quoting hsn100
Only two trades today... CHFJPY D1 trade... {image} and NZDJPY D1.... {image}
good trades.

with some many pairs with big weekend gaps, better to pick only those pairs without those nasty gaps ... better be safe than sorry, Yen pairs are safer bet.

not all weekend gaps get filled, but 80% do get filled but not this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,105
  • Nov 7, 2016 8:16pm Nov 7, 2016 8:16pm
Help with MT4 app and indis
Hello guys, did someone knows how to install the 5-Method on an android device?
I have installed MT4 on my Huawei G-Play mini but I don't know how to install TDI, Stoch and APB
  • #73,106
  • Nov 7, 2016 9:54pm Nov 7, 2016 9:54pm
gold hit tp 140 eruaud runing trade 70pip gj runing70 pip
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  • #73,107
  • Nov 7, 2016 11:08pm Nov 7, 2016 11:08pm
Quoting saranga
gold hit tp 140 eruaud runing trade 70pip gj runing70 pip {image} {image} {image}
wondering if there is a easy way to mark the entry candle on the chart? before trade is closed? Cheers.
  • #73,108
  • Nov 7, 2016 11:21pm Nov 7, 2016 11:21pm
wondering if there is a easy way to mark the entry candle on the chart? before trade is closed? Cheers
no risk free gj euraud my tp 132.30gj 1.4215ea
  • #73,109
  • Nov 8, 2016 12:02am Nov 8, 2016 12:02am
Quoting anfei1972
{quote} wondering if there is a easy way to mark the entry candle on the chart? before trade is closed? Cheers.
Quoting saranga
wondering if there is a easy way to mark the entry candle on the chart? before trade is closed? Cheers no risk free gj euraud my tp 132.30gj 1.4215ea

use the script in this old post:

it will plot all open trades from your MT4 terminal on to your chart.

http://www.forexfactory.com/showthre...23#post7224523

if you want to show closed trades on your charts,

Show Trades from MT4 Terminal Account History
Inserted Video


scripts:
Here are the source codes(links)
https://www.mql5.com/en/code/14564
https://www.mql5.com/en/code/10425
https://www.mql5.com/en/market/product/2050

you can also show trades from other platforms onto your MT4 platform charts. This requires you to export your other platform trade statements to a csv or txt file, then use this script to plot your closed trades using a MT4 chart.
https://www.mql5.com/en/code/9300
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,110
  • Nov 8, 2016 12:30am Nov 8, 2016 12:30am
thank emu
what this yellow dot's?
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  • #73,111
  • Nov 8, 2016 12:49am Nov 8, 2016 12:49am
Quoting saranga
thank emu what this yellow dot's? {image}

when you frequently make other members' life miserable like I do, then it becomes Red colour...

its in the FF membership page.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,112
  • Nov 8, 2016 1:05am Nov 8, 2016 1:05am
Quote
when you frequently make other members' life miserable like I do, then it becomes Red colour...

its in the FF membership page.
thank emu ur best help new member.my english very bad more writting...................
  • #73,113
  • Nov 8, 2016 1:31am Nov 8, 2016 1:31am
usdcad entry 2016 10 31 usdcad range now is profit trade
emu ur teaching best thank for u.............
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  • #73,114
  • Nov 8, 2016 4:08am Nov 8, 2016 4:08am
hello, my H4 setups and entries, before 7 minutes


please comment, regards, Dan
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  • #73,115
  • Nov 8, 2016 4:22am Nov 8, 2016 4:22am
Hi all,

been catching up on the thread and have got to around page 30 and like what I'm seeing. I will continue to read whilst trading on demo. I have one question which I'm still a little unsure on and know this has probably been answered many times, but I'm struggling to see it in the first 30 pages!

Entries...are we waiting for candles to close or is it market entry upon TDI cross on 1st or 2nd candle? My example below:

EURGBP 4hr has a fresh TDI cross on the latest 2 candles, as far as I'm aware, this is a legit trade. Now, i'm unsure whether to wait for this candle to close or simply enter now?

Thanks,
Ben
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  • #73,116
  • Nov 8, 2016 4:42am Nov 8, 2016 4:42am
Quoting esk1mooo
Hi all, been catching up on the thread and have got to around page 30 and like what I'm seeing. I will continue to read whilst trading on demo. I have one question which I'm still a little unsure on and know this has probably been answered many times, but I'm struggling to see it in the first 30 pages! Entries...are we waiting for candles to close or is it market entry upon TDI cross on 1st or 2nd candle? My example below: EURGBP 4hr has a fresh TDI cross on the latest 2 candles, as far as I'm aware, this is a legit trade. Now, i'm unsure whether...

And as if by magic i've come across this post:

Dean...

Your questions: I've answered all these questions several times. Next time YOU run them all down and put them in one post like below... thanks...

When assessing an entry, do you simply take that entry based on the TDI and nothing more?? as in I guess these would be technical entries....do you not take fundamentals/news/announcements into account?? I look at everything... last hi/lo, last reversal strength, candle size, Is Stitch's confirming, Is it candle 1 or 2... everything... TDI gives me the signal.. it's my job to check out the rest...

Checking for and entering trades is done only at the opening of each candle correct?? Yes... or can I enter a trade say 1 or 2 hours after a candle has opened if the TDI red and green begin to separate?? On a 4hr candle... if there is a pullback it generally starts between hour 3... and 4...so you have lost most of the momentum on that candle when entering late...beware...I am still not quite sure of the process??

Do I ignore everything until my 4 hour candle opens and then assess according to my TDI?? or can I enter at anytime if my TDI red and greens are crossed?? See above...

I guess what I am asking is....if I happen to glance through the charts and see the red and green have crossed, do I jump in??? Check your charts when the new 4hr candles just appear... check the normal basic fx stuff like above... and if it's a good TDI signal... enter. I am trying to understand the relevance of assessing at the opening of a new candle.



So when you say only enter on the 1st or 2nd candle, do you mean the 1st or 2nd after the new 4 hour candle?? or do you mean 1st or 2nd candle after the tdi has crossed?? If you get a good TDI signal then look at the candles... is it candle 1 or 2... OK... take the trade or if it's candle 3 pass on it and find another set up...

  • #73,117
  • Nov 8, 2016 4:47am Nov 8, 2016 4:47am
Quoting esk1mooo
{quote} And as if by magic i've come across this post: Dean... Your questions: I've answered all these questions several times. Next time YOU run them all down and put them in one post like below... thanks... When assessing an entry, do you simply take that entry based on the TDI and nothing more?? as in I guess these would be technical entries....do you not take fundamentals/news/announcements into account?? I look at everything... last hi/lo, last reversal strength, candle size, Is Stitch's confirming, Is it candle 1 or 2... everything... TDI...
It's in fear when people show what they truly value.
  • #73,118
  • Nov 8, 2016 5:56am Nov 8, 2016 5:56am
Quoting esk1mooo
{quote} And as if by magic i've come across this post: Dean... Your questions: I've answered all these questions several times. Next time YOU run them all down and put them in one post like below... thanks... When assessing an entry, do you simply take that entry based on the TDI and nothing more?? as in I guess these would be technical entries....do you not take fundamentals/news/announcements into account?? I look at everything... last hi/lo, last reversal strength, candle size, Is Stitch's confirming, Is it candle 1 or 2... everything... TDI...

EURJPY would be a better looking pair to trade compared to the EURGBP.

H4 , D1 and W1 TDI all aligned nicely... and H4 candles are much prettier looking.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,119
  • Nov 8, 2016 5:57am Nov 8, 2016 5:57am
Quoting emmanuel7788
{quote}so my question to all TMS 5-Method traders is, do you want to use the TDI for exit? which TDI version and settings do you use?
TDI version:
Replicate TDI using standard RSI indicator RSI with 2 MA
Settings:
RSI: Period 13, Close Price, Colour to None (this will not RSI line in sub-window)
Green: MA period = 2, Simple, Close, Colour = Green, Apply to = Previous Indicator's Data
Red: MA period = 7, Simple, Close, Colour = Red, Apply to = Previous Indicator's Data
TimeFrames are two - H1 and D1

BigE gave the follow:
#6
Entries and exits...
We Enter a trade when green crosses red on the TDI at the beginning of that candle...
If it's candle 3 or more don't enter... find another trade set up.
The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

Bare bone's it is not much to go by, hence the name - Trading Made Simple.
#270
TDI...
If the TDI straight green line tweaks it's angle... pay close attention... check everything... it's warning you something has changed or is about to...

Above sentence refer to this: Flat - hook - check mark.
Now H4 use H1. H1 exits trades.
To exist a trade use the same forex basic's to enter a trade

  1. Size of bar
  2. Size of wick
  3. Where is 5EMA
  4. Does the form of candle look like a doji or similar candle form
  5. Where is support or resistance?
  6. Where is Stoch?

#119
On this method the TDI is King. All trades are signaled by it as well as exits... does that keep it simple. Only red and green lines (double thickness) and remove the others... cut out any possible confusion... make it simple for YOU !

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  • #73,120
  • Nov 8, 2016 6:10am Nov 8, 2016 6:10am
Quoting Tekkies
{quote} TDI version: Replicate TDI using standard RSI indicator RSI with 2 MA Settings: RSI: Period 13, Close Price, Colour to None (this will not RSI line in sub-window) Green: MA period = 2, Simple, Close, Colour = Green, Apply to = Previous Indicator's Data Red: MA period = 7, Simple, Close, Colour = Red, Apply to = Previous Indicator's Data TimeFrames are two - H1 and D1 BigE gave the follow: #6 Entries and exits... We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find...

when you replicate the TDI using the RSI data and applying moving averages to the RSI data, it is known as Fozzy RSI.

this Fozzy RSI is not the same as the TDI Red Green which Big E used.

this Fozzy RSI will respond to the real price in the same way the TDI_RT realtime version works.

see this old post;

http://www.forexfactory.com/showthre...81#post9192681
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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