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Trading Made Simple

  • #74,821
  • Jan 19, 2017 1:24pm Jan 19, 2017 1:24pm
Quoting griffc
{quote} Thanks Chris. Ive added an H4 profile set to my MT4 and set up a live micro account to get a feel for the H4, so I'm going to give it a parallel go. Hence H4 currently long AudChf on the high break today (t=0.7639 under previous PA - not hit yet), and I'm watching the GBPAUD closely for a break of yesterdays MC (hmmm, did I learn something?) I'll see how it goes, I'm not worried about the speed of signals occurrence, more the net risk / return at the end of the month / week so I'll see how it balances out. Cheers
Hi griffc

I also took Aud/CHF but I got out since there was strong resistance on D1 and W1 is ranging with swing high. Better wait break this range or wait for sell setup.

Cheers;
  • #74,822
  • Jan 19, 2017 6:01pm Jan 19, 2017 6:01pm
Quoting blueman
https://www.screencast.com/t/zXwJ4OAthdm I have a question, attached FTSE H4 chart, TDI turn bullish and in the 32 area, PRICE is still bellow the 5 EMA, the entry is only when PRICE, close above the 5 ema? Thanks for your comments and clarification . good trading everyone
but where do you see support that will give weight to any buy decision?

look at MN and W1 charts, then trade the D1.

now we see major correction until the next support.
wait for annual results of the FTSE100 companies and with ongoing Brexit talks, a lot can happen in the coming months this year.
do you do short selling?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,823
  • Jan 19, 2017 8:48pm Jan 19, 2017 8:48pm
Quoting Sanbernardin
It is not yet clear to me what is the right set up for TDI on Trade Interceptor. is it the following correct? {image}
Hi Sanbernardin, Per my understanding - Price line is EMA and signal line is Simple moving avg. Applied to 10 period typical price. This is as per Emmanuel's setting.

If the seniors in the forum, please explain how they use ADR. How does it help in decision making- It will help us beginners a lot.

Thanks
  • #74,824
  • Jan 19, 2017 9:00pm Jan 19, 2017 9:00pm
I took the following three trades today...EU has reached its target. UJ and UC...I have strated few hours back. I will appreciate your feedback on the entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 20170119_EURUSDLong.png Size: 82 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 20170119_USDCADShort.png Size: 81 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 20170119_USDJPYShort.png Size: 81 KB
  • #74,825
  • Jan 19, 2017 10:58pm Jan 19, 2017 10:58pm
Quoting Sanbernardin
Buying gbpjpy on daily tf? {image}
Dear Sanbernardin,

Could you please show me how to install the TDI indicator on the smart phone, please? I'm using iPhone btw.

Thank you very much.
  • #74,826
  • Jan 19, 2017 11:31pm Jan 19, 2017 11:31pm
Quoting pdduc13
{quote} Dear Sanbernardin, Could you please show me how to install the TDI indicator on the smart phone, please? I'm using iPhone btw. Thank you very much.
He is using trade interceptor if you google it you should find the link it has the tdi inbuilt.
Success means going from failure to failure without loss of enthusiasm
  • #74,827
  • Jan 19, 2017 11:48pm Jan 19, 2017 11:48pm
Quoting cvgreen46
{quote} Hi irishtoffy, can see why you entered the trade based on D1 = steep TDI cross, Stoc confirms direction, HA's right colour, above 5EMA, etc. and indeed the trade may still work. My two cents worth: - sharp one day snap back after a steep decline that failed to make new highs the following day (suggests short covering rather than a rally) - D1 downtrend still in place - 7/8 H4 bars in consolidation (flat, no momentum) - W1 cross still in steep decline That is a quick look on my part and my conclusion is that too much has been left to chance....
hmm, I'm trying to keep things as simple as possible. But perhaps need to consider looking at other timeframes to check on momentum.
  • #74,828
  • Jan 19, 2017 11:50pm Jan 19, 2017 11:50pm
Quoting inforserve
{quote} Hi irishtoffy That's also my aim to get constituency on TMS" I am expecting over 60% win rate with 1:1.2 R:R. with 2.5% risk for each trade. As Emmanuel point out about consolidation area, if tdi coming in from out of TDI band, it usually consolidate. It's not happen all the time but I found it happen most of time. http://www.forexfactory.com/showthre...on#post9028231 "Look at the candles on the last reversal... big, little, what" From Big E Image1.png;2147549 {image}
what do you use TDI bands to show you in TMS? I had them on before but I did lose them along the journey.

cheers
  • #74,829
  • Jan 20, 2017 12:05am Jan 20, 2017 12:05am
Quoting lisat
{quote} He is using trade interceptor if you google it you should find the link it has the tdi inbuilt.
Thank you Lisat for your share ^_^.

I try to analysis so I can study as well. Below is the 4H chart of AusJpy. It seems that Price is neer the Res on 4h Chart, and nearly has the set-up for SHORT. I also see the same on the Aud/Usd 4H chart.

Any ideas for these pairs?
Attached Image (click to enlarge)
Click to Enlarge Name: AU 4H.PNG Size: 57 KB
  • #74,830
  • Jan 20, 2017 12:24am Jan 20, 2017 12:24am
Quoting Sanbernardin
It is not yet clear to me what is the right set up for TDI on Trade Interceptor. is it the following correct? {image}
Hi Sanbernardin,

For Trade Interceptor try the following parameters for the TDI, in this order from the top to bottom:

10, 34, 1.618, 3, Exponential, 7, Simple, Typical Price (H+L+C/3), leave Displacement at 0.

Try this, it should work well. Any problems, please ask.

Cheers, Chris
All for one and one for all
  • #74,831
  • Jan 20, 2017 12:42am Jan 20, 2017 12:42am
Quoting pdduc13
{quote} Dear Sanbernardin, Could you please show me how to install the TDI indicator on the smart phone, please? I'm using iPhone btw. Thank you very much.
Hi pdduc13,

To load Trade Interceptor on your iPhone, go to App Store and search for Trade Interceptor, then Install.
Open the app and create an account (Demo Account).

-The app will open to the symbols page (add/remove symbols by tapping the + sign (top right of screen).
-Tap symbol to load chart (change the TF - top right)
-Tap chart icon (bottom of screen, 4th from the left) ... choose Heiken Ashi
-Tap Indicator icon (5th from the left - bottom of screen) ... then tap + (top right) for indicator menu. Choose TDI
-Tap TDI which is now in your indicator window and change the parameters (for parameter settings see my post #74829)
-Tap + again ... choose Stochastic Oscillator
-Tap Stochastic Oscilator and change parameters to 8,3,3.
-You're good to go.

Hope that makes sense and helps. Any questions please ask. Chris
All for one and one for all
  • #74,832
  • Jan 20, 2017 12:43am Jan 20, 2017 12:43am
hello

good morning.
I hope you had a great week
streaming continues every evening (almost)

I am planning for a late night CET stream today, for a couple of hours, discussing possible moves on USD.
estimated time 21:00 -22:00 GMT+1 until midnight (or whatever)

regards
  • #74,833
  • Jan 20, 2017 1:29am Jan 20, 2017 1:29am
Quoting cvgreen46
{quote} Hi pdduc13, To load Trade Interceptor on your iPhone, go to App Store and search for Trade Interceptor, then Install. Open the app and create an account (Demo Account). -The app will open to the symbols page (add/remove symbols by tapping the + sign (top right of screen). -Tap symbol to load chart (change the TF - top right) -Tap chart icon (bottom of screen, 4th from the left) ... choose Heiken Ashi -Tap Indicator icon (5th from the left - bottom of screen) ... then tap + (top right) for indicator menu. Choose TDI -Tap TDI which is now...

Thank you very much Chris.

In terms of parameters for TDI on the phone, is it should be adjusted as the default to match with the ones in TDI indicator on the MT4 installed on our computers?

Below is the default parameters I'm using in MT4.
Attached Image (click to enlarge)
Click to Enlarge Name: TDIimage.PNG Size: 12 KB
  • #74,834
  • Jan 20, 2017 1:49am Jan 20, 2017 1:49am
Dear traders, these are 4H chart of AU, AJ, GU, GJ that i think they will have the reversal on 4H charts. There is about 10 minutes to start the new 4H candle in my broker time (11h50 am - broker time).

Do you guys have any ideas for these potential trades?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AJ 4H.PNG Size: 53 KB
Click to Enlarge Name: AU 4H.PNG Size: 66 KB
Click to Enlarge Name: GJ 4H.PNG Size: 57 KB
Click to Enlarge Name: GU 4H.PNG Size: 61 KB
  • #74,835
  • Jan 20, 2017 2:51am Jan 20, 2017 2:51am
Quoting pdduc13
Dear traders, these are 4H chart of AU, AJ, GU, GJ that i think they will have the reversal on 4H charts. There is about 10 minutes to start the new 4H candle in my broker time (11h50 am - broker time). Do you guys have any ideas for these potential trades? {image} {image} {image} {image}
the high probability reversal is better seen on D1 chart.

AU and AJ - no reversal yet.
AU is now sideways but still in buy zone. Buyers will tighten their stops. We shall see next week if there will be selling opportunities provided USD strengthens. But for now, I hold my buy positions with very tight stops.
AJ still bullish but facing Dec 2016 swing high, which is resistance to overcome.
GJ - bullish reversal happened but the question is will the new trend run?

Enjoy the US Presidential inauguration parties and watch how the market reacts to everything he says from now onward.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,836
  • Jan 20, 2017 3:55am Jan 20, 2017 3:55am
Quoting pdduc13
{quote} Thank you very much Chris. In terms of parameters for TDI on the phone, is it should be adjusted as the default to match with the ones in TDI indicator on the MT4 installed on our computers? Below is the default parameters I'm using in MT4. {image}
There are some slight differences between users of the TDI indicator regarding the exact parameters that are used, for example some use an RSI Period of 13, others (like me) use 10. It doesn't mean that one is better or worse than the other, it's just a preference thing.

The parameters that I have listed above are the ones I specifically use and match Trade Interceptor (TI) nearly perfectly with my PC setup.

I suggest that you play around with your TI parameters until they more closely match how it looks on your PC. Start by obviously using the same currency pair and time frame on both devices and for you, change on TI the RSI Period from 10 to 13 and the RSI Line from 3 to 2, to see how that compares. It will be a bit 'trial and error' but you will get there.

One thing to note ... in my case the TI changes the H4 bars at 7am, 11am, 3pm, etc (GMT - UK time) but my PC updates the bars 1 hour later. So look out for this when you are making comparisons.

Good luck, Chris
All for one and one for all
  • #74,837
  • Jan 20, 2017 7:57am Jan 20, 2017 7:57am
This is my first post here. I might break few rules by taking short here. But I couldn't stand the divergence, PA can't break the RN and WR38. Just a quick 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmM15.png Size: 30 KB
  • #74,838
  • Jan 20, 2017 8:40am Jan 20, 2017 8:40am
Quoting Spikeshimbun
This is my first post here. I might break few rules by taking short here. But I couldn't stand the divergence, PA can't break the RN and WR38. Just a quick 10 pips EURUSDmM15.png;2148947 {image}
Hi
the divergence is only confirmed when the price is confirmed to be a High and have turned down

if candles keeps going up and breaks the high from where you draw the line, it will not be a divergence

also, Trump speaks in 15min, it may cause some unpredictable movment on charts, especially on LTF
  • #74,839
  • Jan 20, 2017 10:04am Jan 20, 2017 10:04am
Quoting cvgreen46
{quote} Hi Sanbernardin, For Trade Interceptor try the following parameters for the TDI, in this order from the top to bottom: 10, 34, 1.618, 3, Exponential, 7, Simple, Typical Price (H+L+C/3), leave Displacement at 0. Try this, it should work well. Any problems, please ask. Cheers, Chris
Many thanks
  • #74,840
  • Jan 20, 2017 10:57am Jan 20, 2017 10:57am
Trading forex implies being able to forcast the direction of the market in order to get profit.
The direction of the market is affected by a large number of variables. Each of these variables interacts with one another, creating a complex system.
The technical chart and instruments provided by bigE represent an attempt to simplify such vast complexity of the market. According to me, it is therefore purposeless, confusing and useless trying to identify the numerous fundamental and technical variables of the market which are outside bigE strategy, because in this way one defeats bigE's efford: to provide a simple, reliable, profit taking strategy for trading which encompass the vast majority of variables.
If we go to any historical chart on 4h and 1d tf, we realise that bigE's strategy really works. When the green line has crossed the red either downwards or upwards, with some degree of inclination, at the closing of a ha bar, this ha bar is of a colour congruent with the direction of the green line and the stochastic signal is also congruent, then we have at least 80% of chance of getting a reasonable amount of pips, simply opening a trade and following bigE's indication on SL and TP.
I think we need not to be afraid of the simplicity.
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