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Trading Made Simple

  • #75,921
  • Feb 15, 2017 5:41am Feb 15, 2017 5:41am
Quoting bam5555
{quote} Hello...What ma is the dash line on EU?...Thank You in advance....

50EMA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,922
  • Feb 15, 2017 5:43am Feb 15, 2017 5:43am
Quoting marketir
{quote} You have PAC 5SMMA High-Low? Please share

you have that in your platform

just two smoothed moving averages set to period 5, one set to High price and the other set to Low price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,923
  • Feb 15, 2017 5:51am Feb 15, 2017 5:51am
Quoting anfei1972
{quote} Hi Emmanuel, Can you pls explain a bit further about "The problem I see is that people only look for TDI cross, angle, bounce for trades. You wont find many when you use the wrong TDI and wrong settings. You will miss many CONTINUATION trades with proper entry and exits, .. at minimum every one entry must have two exits." cause probably that is what happened to me, I don't seem to be able to pick up many trades by just looking at classic set up, not sure if my settings was wrong. And for CONTINUATION trades with proper entry and exits, can...

a pic can explain ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,924
  • Edited 8:09am Feb 15, 2017 7:57am | Edited 8:09am
Quoting emmanuel7788
{quote} If you only look at those Big E' 8 pairs - AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY,, EURJPY and, GBPJPY, you will find 5 good trades each week on H4. You don't need to look at 25 pairs. That is too many even for the most experienced traders and most of the pairs are either correlated or inverse-correlated. Unless of course there are a few exceptional traders... with the right trading tools can do it. The problem I see is that people only look for TDI cross, angle, bounce for trades. You wont find many when you use the wrong TDI and...
From last Monday there isn't a good entry (on h4 chart) on these pairs AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY,, EURJPY , GBPJPY at 11:00am - 15:00pm - 19:00pm Berlin time.

On my cTrader Pepperstone,there is only one Tdi with following parameters

Attached Image (click to enlarge)
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Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,925
  • Feb 15, 2017 8:18am Feb 15, 2017 8:18am
hi everyone, still strugle to find good entries!

i read a lot in this thread today, and i would be happy if we could make a sumary of rules and indicator to use!

i se its change since thread start.

i made a trade today! i entered and the green had a clear crossing on opening of new candle. However it went against me. And the cross changed to a bounce

how do you guys prevent this to happen?
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  • #75,926
  • Feb 15, 2017 8:22am Feb 15, 2017 8:22am
Another change from cross to bounce, should i have waited one more candle?

the stoch in both trades had the right angle aswell!
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  • #75,927
  • Feb 15, 2017 8:34am Feb 15, 2017 8:34am
this trade i got better results
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  • #75,928
  • Feb 15, 2017 9:21am Feb 15, 2017 9:21am
Quoting krugans
hi everyone, still strugle to find good entries! i read a lot in this thread today, and i would be happy if we could make a sumary of rules and indicator to use! i se its change since thread start. i made a trade today! i entered and the green had a clear crossing on opening of new candle. However it went against me. And the cross changed to a bounce how do you guys prevent this to happen? {image}
Hi krugans, you can avoid this by always waiting for the candle close before take a signal
  • #75,929
  • Edited 1:16pm Feb 15, 2017 10:47am | Edited 1:16pm
Quoting krugans
hi everyone, still strugle to find good entries! i read a lot in this thread today, and i would be happy if we could make a sumary of rules and indicator to use! i se its change since thread start. i made a trade today! i entered and the green had a clear crossing on opening of new candle. However it went against me. And the cross changed to a bounce how do you guys prevent this to happen? {image}
Did not whait for green to cross red - must see green on the otherside of red
Did not look at stoch - Stoch is going down - order placed against the trend
Quoting krugans
Another change from cross to bounce, should i have waited one more candle? the stoch in both trades had the right angle aswell! {image}
Same trading mistake
Did not whait for green to cross red - must see green on the otherside of red
Did not look at stoch - Stoch is going down - order placed against the trend
  • #75,930
  • Feb 15, 2017 1:01pm Feb 15, 2017 1:01pm
Quoting krugans
hi everyone, still strugle to find good entries! i read a lot in this thread today, and i would be happy if we could make a sumary of rules and indicator to use! i se its change since thread start. i made a trade today! i entered and the green had a clear crossing on opening of new candle. However it went against me. And the cross changed to a bounce how do you guys prevent this to happen? {image}

a common mistake by traders.

Important rule:
Do Not trade when the price is in consolidation.
You can see the big candle and many small candles, both the TDI and Stoch are not reliable as trade signals.
Learn to read the price action of the price bars and the APB/HA candles. Price action trading is leading edge.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,931
  • Feb 15, 2017 1:04pm Feb 15, 2017 1:04pm
Quoting krugans
Another change from cross to bounce, should i have waited one more candle? the stoch in both trades had the right angle aswell! {image}

same example,

Do Not trade when price in consolidation.
we do not know if the trend will continue or it will reverse, ..

1st .. we learn to look at the price action to identify the consolidation
2nd we learn to wait for the best setups i.e when price show sign of momentum
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,932
  • Feb 15, 2017 1:12pm Feb 15, 2017 1:12pm
Quoting krugans
this trade i got better results {image}

this is a good trade example,

there is Weekly reversal seen in the PA,
there Daily is continuation for several days

both the short term and long term trend are UP.

H4 show recent CONSOLIDATION and you took the breakout of that recent consolidation area.

this is one good way to trade,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,933
  • Feb 15, 2017 1:24pm Feb 15, 2017 1:24pm
Quoting Pretoriano
{quote} From last Monday there isn't a good entry (on h4 chart) on these pairs AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY,, EURJPY , GBPJPY at 11:00am - 15:00pm - 19:00pm Berlin time. On my cTrader Pepperstone,there is only one Tdi with following parameters cT_cs_3176179_AUDCAD_2017-02-15_14-55-41.png;2187906 {image}

what time is your Day Open? Sydney open or Tokyo open?

there were several trades in those 8 pairs since Monday open following the Weekly candle.

note: you dont have to trade the H4 candle, you can just trade using the H1 candle but have a look to the Day and Weekly.

remember, trading is all about entry and exits or some prefer entries and exits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,934
  • Feb 15, 2017 1:29pm Feb 15, 2017 1:29pm
Evenings all,

How is everyone on the cad/jpy

https://charts.mql5.com/14/106/cadjp...ivision4-2.png

Shorting time?
  • #75,935
  • Feb 15, 2017 1:38pm Feb 15, 2017 1:38pm
Quoting emmanuel7788
{quote} what time is your Day Open? Sydney open or Tokyo open? there were several trades in those 8 pairs since Monday open following the Weekly candle. note: you dont have to trade the H4 candle, you can just trade using the H1 candle but have a look to the Day and Weekly. remember, trading is all about entry and exits or some prefer entries and exits.
My day open is Sidney. Can u post one trade about entry on H1 on one of that 8 pairs? I want check your entry on H1 and I want check different timeframe (h4-Daily-Weekly) myself for follow trend about your entry.

Thanks
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,936
  • Feb 15, 2017 2:06pm Feb 15, 2017 2:06pm
EU Daily .. trade closed +125 .. thought about to keep a small portion .. but kicked all out and left the table ;-)
Reason : touch of the volatility bands ..

Stay tuned
Guido
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Risiko birgt immer auch die Chance.
  • #75,937
  • Feb 15, 2017 2:15pm Feb 15, 2017 2:15pm
Quoting Sesamstrasse
EU Daily .. trade closed +125 .. thought about to keep a small portion .. but kicked all out and left the table ;-) Reason : touch of the volatility bands .. Stay tuned Guido {image}


If I may ask, which TDI version are you using to trade?
  • #75,938
  • Feb 15, 2017 2:17pm Feb 15, 2017 2:17pm
Quoting kain775
{quote} If I may ask, which TDI version are you using to trade?

Sure
The old one .. " red and green " youŽll find it during the first posts in this thread .

Guido
Risiko birgt immer auch die Chance.
  • #75,939
  • Edited 2:48pm Feb 15, 2017 2:17pm | Edited 2:48pm
Quoting krugans
how do you guys prevent this to happen? {image}
krugans, Seeing that you are a new member, more detail then an blunt two sentence post.

Download BigE full.pdf (paperclip top right of webpage)
Start with post #1 and study post by post of BigE. The whole method of trading Trading Made Simple the right way is as given by BigE and not the distorted way you read now in post's.
Look for key words and sentence. (underlined a few)
The extracts are from BigE full.pdf that will show you why those two trades have failed. Those are only some point's BigE has mentioned:

Both trades were taking against the prevailing trend.

BigE post
#2 - Note on the TDI showing your entry set ups.
#52 - Which direction to trade the TDI... Is it going up (long) or coming down (short)... that's the direction to trade.
#54 - A set up is NOT GREEN TOUCHING RED. Why? Many times green bounces back and the original direction continues. That's a bounce trade.
Wait for green to CROSS RED and open your trade at the beginning of the new candle... usually candle 1 or 2.
#115 - A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
#115 - A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally
#115 - I always look to the left for a possible res/sup level being near. If it's close I pass on the trade and go find another...
#119 - On this method the TDI is King. All trades are signalled by it as well as exits...
#121 - Note the last 20 candles (PA) are pretty flat with some movement.
You took the trade close to the TDI 32 line which is about the bottom. However I've seen trades taken short on the 32 line go 100 pips profit...
Just be aware how close you are to the 68 & 32 line and pay close attention.
The TDI and Stochs are giving opposite signals...
Also pay attention to the left on the TDI for tops and bottoms... there pretty accurate for reversals...
#261 - The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.
HA Candles are important because it makes your trading way less stressful... use them.
Stochs is nothing but confirmation. If Stochs & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.
5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if your head computer was right... it's free.
HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to sup/res levels...
use your brain!
#270 - When I check my charts... I look to the TDI... then PA.
The three of the most important post's, post #6, #275, #647 is the heart of the system when you fully understand those post your trading will improve.
Use only the indicators mentioned by BigE

Keep it simple - trade the chart the way BigE has laid it out
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  • #75,940
  • Feb 15, 2017 2:19pm Feb 15, 2017 2:19pm
Congrats to you Guido - well done,

What was your entry parameters of the trade?
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