Trading Made Simple - Page 25
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  1. #241
    Quote Originally Posted by ;
    @Emmanuel, I'm still getting the hang of taking trades based on the engulfing candle method. I researched these charts using a line with my interpretation of those rules in this circumstance. Are these valid and would you have/have not chosen the same entrances (without the advantage of upper TF analysis)? Note, I try to trade away from the market base line. picture image image image image picture
    Hi bythepound,

    there are two different kinds of engulfing pub patterns.
    You need to see them using the price bar chart rather than the HA candles.

    I emphasized both different BUEB/BEEB and BUOB/BEOB patterns on one of your charts.
    Take note of those engulfing bars which are Outside Bars.




    I understand many H4 swing traders utilize the TDI's MBL yellowish lineup as filter to trade. This means they will have fewer transactions than those who trade looking at Price Action and the use of current Support/Resistance to the two timeframes W1 and D1 with regard. I wouldn't trade against the timeframes W1 and D1 when the market is in narrow range. You must observe the swing top and swing low in the chart timeframe the preceding 2 ~ 3 months, and also knowing' OHLC.

    Searching for engulfing pubs at key support/resistance is much better than simply using the PAC for installations. You may be in the market 1 to 2 pubs early than those.
    I recall Huge E in his ancient trading times took sell transactions when the PA shut below the PAC High and buy trade when PA close above the PAC Low. Later on, he substituted the PAC High Low with his 5EMA price, Alter 3.

    Concerning the Market Base Line, its default is interval 34, this means you are looking at the 34-period typical of the RSI data. How many H4 pubs are there in 1 week, if you are on trading that is H4? The short term momentum default is two bars vs 7 pubs (Green / Green), the number of pubs (period) would you need to compare the brief term momentum with?

    In my D1 chart trading, I alter that MBL to span 20 (simple moving average). This means I consider the price momentum of the past 20 days. I compare the price momentum of the previous 3 days and also the previous 7 days along with the previous 20 days.
    On the my Weekly analysis, I don't look at the TDI. More significant is that the Price Action found on the Weekly and Monthly to know the market type/conditions.

    There's advantage in using the greater timeframe analysis or that which Dr Alexander Edler calls 'Triple Screen Trading System'. This is exactly what high probability trading is about.

    Hope this helps.

    Regards,

  2. #242
    Quote Originally Posted by ;
    @Emmanuel, I'm still getting the hang of taking trades based on the engulfing candle method. I marked these charts with a yellow line with my interpretation of those rules in this case. Are these valid and would you have/have not picked the very same entrances (without the advantage of upper TF analysis)? Note I try to trade away in the market base line. picture image image image image picture
    Example utilizing the Weekly candle OHLC and search for trades on H4.


  3. #243
    Quote Originally Posted by ;
    quote USDJPY Feb 15 near final time and it appears like it's a significant candle and final below 106.28. I wasn't predicting but if the market is trending, this occurs 80% of the time that the D1 will shut across those MN swing amounts. This week is finishing shortly, so we might not see it struck 105.22. If it does, I would be quite pleased to take of my profits and walk off. Now we watch that BRN 106.00. Just how much does it 'bounce'? However, don't jump in and start buying yet. Too early to start buying. WAIT! picture
    USDJPY Week 08 Feb 19 upgrade D1:

    Last Friday closed with pin bar at 106.00 is this fantastic enough to get a bullish change? We shall see what tomorrow and today bring us.
    I see 105.22 nevertheless the target for this particular week, ...



    H4 trading this week,
    any counter-trend trade against the Weekly candle in background is risky and must be deal with Capital Protection depart when pull back 15 to 20 pips.
    You see the RN and BRN above current price action - 106.50, 107.00, 107.50, etc. and also the 50EMA, 200EMA. And do not forget Friday' Close and Low.

    Https://forexintuitive.com/discussio...tops-hurt.html

    Trade Well People.






  4. #244
    AUDJPY Week 08 Feb 19

    D1 Dual Inside Bar ... that range




    H4 trading, I now select a buy early this week open.
    Weekly WRB Low as service... 84.00.
    Wait for this week swing high on H4 for market later.


  5. #245
    @Emmanuel - Thank you to the analysis over. I've been looking at the OHLC data of H4 charts that you mention above. Fantastic stuff. I have been attempting to find these multi TF charts. Have you got a link?

  6. #246
    Quote Originally Posted by ;
    quoteWhen we wait TDI confirmation, entry is frequently 1 bar late and likely to be trapped. picturepicture
    You have found the problem.

    Quote Originally Posted by ;
    quote what about rsx tdi ?
    Make your personal TDI indior: RSI replie to TDI.pdf
    Never repaint, constantly real moment.

  7. #247
    Big Emm,

    I am currently using TDI RT Divergence from Mxxdhi's Website.
    So far ok by following his H4 rules to trade... Do you think it is because the trend has been established that be able to decrease some of the repainting problems?

    Quote Originally Posted by ;
    quote Whether the re-painting has been coded with intention or not would remain a mystery. But if we've downloaded the TDI from this CompassFX in 2006 before Jun 2007, this version is exactly what Big E posted in Post#25. But when he made later articles in 2007 and 2008 saying to obtain the TDI from this site, the later version has been updated to realtime and non-repainting. Here is the 'issue' with TMS here. Then after that, sometime in 2009/201, there was a new version know as Fast TDI and two years later the TDI_Pro. An aggressive entry could be APB/HA...

  8. #248
    Quoting
    quoteWhen we wait TDI affirmation, entry is frequently 1 bar late and prone to be immobilized. picturepicture

    Don't worry, hindsight will always have an answer...

  9. #249
    Quote Originally Posted by ;
    Big Emm, I am currently using TDI RT Divergence out of Mxxdhi's website. So far okay by following his H4 principles to exchange... Do you think it is because the trend is established that be able to reduce some of the repainting issues? quote
    Hello WF10,

    I have tried and tested that TDI_RT Divergence version with a few other TMS traders.

    The principles for Mehdi Method_1 and Method_2 trade set-ups are different from Big E rules.

    Method_1 looks for trades when powerful trending and when the Stochastics is in the OB or OS level. Works for both 4H and D1 trend trading.

    Method_2 looks for trades in broad ranging market when the Stochastics is close to the 50-level. Perfect for 4H shotr swing trading.

    The TDI cross and rebound to decide on the setup are the exact same.

    I am not certain of the usage of this divergence in that indior. I look for divergence differently and follow what John Hayden edued in his publiion RSI:The Complete Guide.

    You want to write your own rules based on this two approaches and exchange them with subject together with your own money direction and I am sure that you will find some good trades.

    Trade Well.

  10. #250
    Quote Originally Posted by ;
    quote You have discovered the issue. quote Make your personal TDI indior: RSI replie to TDI.pdf Never repaint, constantly real moment.
    Perhaps this system is meant to use repainting indior, and making it non-repainting sometimes could not be a solution. (as an instance, in Alien's system, first Drake Delayed Stochastics was repainting. People (Mladen) made it non-repainting but folks discovered it useless)
    In addition, TDI 'angle' (two, or 4 o'clock) is illogical voodoo science. More details about angles:
    https://forexintuitive.com/cryptocur...d-indiors.html
    https://forexintuitive.com/cryptocur...plattform.html

    Of course, so long as it works, who cares....

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