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Trading Made Simple

  • #75,261
  • Jan 29, 2017 11:27pm Jan 29, 2017 11:27pm
Which TDI version do you use?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF H4 Jan 30 GMT0522.png Size: 50 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 Jan 30 GMT 0526.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,262
  • Jan 29, 2017 11:42pm Jan 29, 2017 11:42pm
Quoting Scrambleguy
{quote} I didn't trade this and would be reluctant to at the mo. Ground to a halt on the BRN, although it has bounced off trendline, trading inside bars on h4 and D, but D tdi, still facing down, I don't like to against the tf higher so would like to wait for a while, trend still up on weekly. {image} {image}

Quoting Tekkies
{quote} Only look at TDI green Top chart - flat - walk away and find a other setup Second chart - Enter at the beginning of that bar - you late - walk away. Why waste time to find an entry or justify your actions to yourself to place an order. What will happen you will give yourself a palmface when the market moves against you With the words " What was I thinking"
Quoting Scrambleguy
I was referring to the first chart Emm posted the TDI was not flat on the h4 chart only the aftermath. Second chart - Enter at the beginning of that bar - you late - walk away." I wasn't, I wouldn't have taken it.
Hi Scrambleguy,

You see how Tekkies was mixed up with that post I made on EURUSD in live market time. He thought it was a hindsight post. LOL.

To put it simply, we should not trade the TDI cross signal when the market is in narrow range consolidation. Doing this , we will eliminate 50% of TDI crosses signal and we will reduce the number of losing trades and our win rates will improve. Also when the 'short term trend ' and the 'long term trend' are not in synergy, it is more risky to take that H4 trade.

Question is how to we see the market consolidation using Price Action.
I know Big E has his own way. I have my own way. No two traders are the same.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,263
  • Jan 29, 2017 11:48pm Jan 29, 2017 11:48pm
Quoting elDIABLO21
{quote} Hello Emmanuel, That BRN Ruler on your chart... Is it any indicator? Which One? I tried several ones but I can't find that one Thanks in advance
BN Levels : Post#22,389 (also read post#49,341)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,264
  • Jan 30, 2017 12:02am Jan 30, 2017 12:02am
Quoting emmanuel7788
A new H4 candle just open during Tokyo session, question is how many of you chase after the market after a weekend price gap? {image}

A new H4 candle just open.
Zoom in and look at the TDI comparison.

Attached Image (click to enlarge)
Click to Enlarge Name: BigE 8 pairs GMT0600.png Size: 98 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,265
  • Jan 30, 2017 12:13am Jan 30, 2017 12:13am
Read this post by Big E:
http://www.forexfactory.com/showthre...71#post4766571

and see member nacho post and chart:
http://www.forexfactory.com/showthre...99#post4765399

what was Big E saying?

which part of nacho' chart was Big E referring to?

A or B

Attached Image (click to enlarge)
Click to Enlarge Name: nacho chart post7623.png Size: 158 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,266
  • Jan 30, 2017 12:13am Jan 30, 2017 12:13am
First trade of the week
USDJPY H1
Cross above 32
Angle touching 1
Stoch only confirmed direction on bar Two (remember stoch is worthless below 32 / above 80)
Support is giving a nice push up
Candles (white ones) are growing in size
Wicks very small
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 101 KB
  • #75,267
  • Jan 30, 2017 12:14am Jan 30, 2017 12:14am
Quoting emmanuel7788
{quote} A new H4 candle just open. Zoom in and look at the TDI comparison. BigE 8 pairs GMT0600.png;2162206 {image}
Hummm..... I couldn't see any good one yet. I banked +25 pips profit on USD/JPY and re-entered when it pull back.
  • #75,268
  • Jan 30, 2017 12:18am Jan 30, 2017 12:18am
Quoting emmanuel7788
Which TDI version do you use? USDCHF H4 Jan 30 GMT0522.png;2162178 GBPUSD H4 Jan 30 GMT 0526.png;2162176 {image} {image}
Hi Emmanuel - is the TDi Realtime included in the attachments to this thread??? I would like to compare it to mine....
Thx
  • #75,269
  • Jan 30, 2017 12:21am Jan 30, 2017 12:21am
Quoting Maule
{quote} Here's a little proof. Live Trade entered on the EUR/USD 4H. Used Price Action to get an expectation on where the market is heading then used the TDI for confirmation. (Most times i'd enter long before the TDI crosses because Price Action is fast, TDI Lags). That guy is a genius. He's good a "dumbing down" the explanations so even a child can understand how to read Price Action. {image}
"He's good a "dumbing down" the explanations"
You could not have said it better Maule. BigE brought his level of understanding down to words and charts that I could understand in layman's words
  • #75,270
  • Jan 30, 2017 12:24am Jan 30, 2017 12:24am
Quoting neil001
{quote} Hi Emmanuel - is the TDi Realtime included in the attachments to this thread??? I would like to compare it to mine.... Thx

here:
\
TDI-RealTime version Post#17,848
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,271
  • Jan 30, 2017 12:28am Jan 30, 2017 12:28am
hi, emmanuel and good morning to everyone.
Can i ask you regarding that photo you posted in post #75,264 ,it shows tdi two lines at the end, like it was bending upward and downward.
is it a different type of tdi?

Oh just found it from the previous comment. Thank you
  • #75,272
  • Jan 30, 2017 12:32am Jan 30, 2017 12:32am
Quoting inforserve
{quote} Hummm..... I couldn't see any good one yet. I banked +25 pips profit on USD/JPY and re-entered when it pull back.
How I keep it simple:

when trading the H4 chart timeframe,

start the week by first looking at the W1 charts,
if the W1 shows sideways market, check the range. Avoid trading narrow range sideways.

if W1 is trending, then move on and look at D1,
if D1 is trending in the same direction as W1, then trade H4 in the direction of both the W1 and D1.
If D1 is in a 'correction' / retracement against the W1 trend, WAIT.... for D1 reversal

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,273
  • Jan 30, 2017 12:34am Jan 30, 2017 12:34am
Quoting emmanuel7788
Read this post by Big E: http://www.forexfactory.com/showthre...71#post4766571 and see member nacho post and chart: http://www.forexfactory.com/showthre...99#post4765399 what was Big E saying? which part of nacho' chart was Big E referring to? A or B nacho chart post7623.png;2162222 {image}
Emm thankes for that post. It took me to what i was looking for.

http://www.forexfactory.com/showthre...63#post4766563
http://www.forexfactory.com/showthre...06#post4570306

Both are about stoploss. Both are in conflict with each other
newbie stuck in the middle

Everytime the market does this to me:
The day I do not place a stoploss that is the day the market show me "Fool use a stoploss"
The day I do place a stoploss that day is the day the market show me "Fool do not use a stoploss"
  • #75,274
  • Jan 30, 2017 12:40am Jan 30, 2017 12:40am
Quoting Tekkies
Emmanuel: can you please enlarge the chart so that we can see where you placed the order and how the weekend gap have favoured you. jmn5611: chart from CST - TDI cross to close to 68, Stoch is just coming out of 80 to give direction price 114300 is the top / start of a support by looking left Would not place a trade. JPYUSD is going to turn and go into consolidation Two hours before London open, Frankfurt have confirmed Asia. London to enforce them. Quik glanes for TDI cross
The TDI cross should be close to 68, not away from it.

I love taking short trades off the 68 line or just below and long trades long off the 32 line area... made tons of pips when that opportunity presents itself...

Quoting Tekkies
{quote} Emm thankes for that post. It took me to what i was looking for. http://www.forexfactory.com/showthre...63#post4766563 http://www.forexfactory.com/showthre...06#post4570306 Both are about stoploss. Both are in conflict with each other newbie stuck in the middle Everytime the market does this to me: The day I do not place a stoploss that is the day the market show me "Fool use a stoploss" The day I do place a stoploss that day is the day the market show me "Fool do not use a stoploss"
If stop losses are a problem then increase your probability by scaling in with a final stop far away.
If you are good at something, never do it for free--Joker
  • #75,275
  • Jan 30, 2017 12:58am Jan 30, 2017 12:58am
Back to USDJPY
H1 green is slowing down or starting to "wiggle" or pull back.
H4 green has a nice check mark

To me it means that the up trend in H1 is starting to convince H4 to change direction.

Question: Is this the time when H4 is going to tell H1 "no I am going to bounce green against red"
Asking this based on green is not going anywhere in H1
  • #75,276
  • Jan 30, 2017 12:58am Jan 30, 2017 12:58am
Quoting Tekkies
First trade of the week USDJPY H1 Cross above 32 Angle touching 1 Stoch only confirmed direction on bar Two (remember stoch is worthless below 32 / above 80) Support is giving a nice push up Candles (white ones) are growing in size Wicks very small XM MT4.png;2162223 {image}
Something you can look at also is to look at the candles. If you see a lot of wicks, stay away. Ideally when you get your TDI cross the bar corresponding with the cross should be have a shaved bottom.
If you are good at something, never do it for free--Joker
  • #75,277
  • Jan 30, 2017 1:01am Jan 30, 2017 1:01am
Quoting jmn5611
{quote} The TDI cross should be close to 68, not away from it. I love taking short trades off the 68 line or just below and long trades long off the 32 line area... made tons of pips when that opportunity presents itself... {quote} If stop losses are a problem then increase your probability by scaling in with a final stop far away.
jmn please put on a chart. A picture is worth a thousand words
  • #75,278
  • Jan 30, 2017 1:02am Jan 30, 2017 1:02am
Quoting Tekkies
Back to USDJPY H1 green is slowing down or starting to "wiggle" or pull back. H4 green has a nice check mark To me it means that the up trend in H1 is starting to convince H4 to change direction. Question: Is this the time when H4 is going to tell H1 "no I am going to bounce green against red" Asking this based on green is not going anywhere in H1
Try not to tick watch.

The only thing I could say bad about your trade is that the price action is weak. Your entry bar was a failed breakout of the prior bar. Personally I look for a successful breakout of the prior bar on the entry bar. Here is an example of a trade that I am currently in.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH4.png Size: 35 KB
If you are good at something, never do it for free--Joker
  • #75,279
  • Jan 30, 2017 1:10am Jan 30, 2017 1:10am
Quoting emmanuel7788
Read this post by Big E: http://www.forexfactory.com/showthre...71#post4766571 and see member nacho post and chart: http://www.forexfactory.com/showthre...99#post4765399 what was Big E saying? which part of nacho' chart was Big E referring to? A or B nacho chart post7623.png;2162222 {image}
Hi, Emm!

First post this year. B, no doubt about it. WRB and weak PL angle.
  • #75,280
  • Jan 30, 2017 1:24am Jan 30, 2017 1:24am
Quoting catalin_eros
{quote} Hi, Emm! First post this year. B, no doubt about it. WRB and weak PL angle.

but nacho' question was about A ...
Attached Image (click to enlarge)
Click to Enlarge Name: nacho chart post7623.png Size: 158 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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