Trading Made Simple

Ozziedave... (708) -

Speak in the terms we use here so others can figure out what your talking about please...

Candles A-C appear to be in consolidation...

Look for your entry signal off the TDI... no verticle line to estimate but it looks like your entry would have been on candle C or D... can't tell from the chart without the verticle line...

Hello Big E,

I just wanted to say that I have followed your thread since the day after it was started and I cannot thank you enough for your generosity in sharing this strategy. To also read that you are currently dealing with health issues even makes your efforts here that much more appreciated in my eyes. God Bless you Sir.

@eelfranz
hmmm as I can see in post #705 - the red verticale line (2011.04.26: 16:00) shows a buy signal - the green line is above the red line of the TDI ?!

Danidon (709)...

You must have a Meta Trader4 platform... Otherwise you can't load the TDI Indicator which is the heart of this method....

HankT...

What a great cowboy name here in the USA... like Bar T ranch, Bad Bart, Watermellon Peach tree, etc... I like it..

Hank... take any chart, any timeframe... make sure you have the necessary indicators on your chart/template...

Using the TDI for entry/exit signals go take a look... we have a lot of charts posted here and on the old thread... look and test...

DerBerliner...

What do we do when PA and the TDI don't jive (are opposite)? We look for another trade...

TDI may say buy but PA says sell... pass on the trade... no big deal

1 need say srry for my poor english,i would like ask some info,before we enter the trade at 4hour it is i need switch to daily and weekly to check either is down trend or up trend . exp:daily or 4 hour is up trend but the 1 hour is down .so i need wait untill the 1hour is up back same way with 4hour or daily then i go in the trade..n srry for my stupid question.thank n a lot of appreciate

moumou...

No problem buddy... always glad to answer questions... If I don't understand it I'll just ask you to ask again differently...

Some people do it that way all of the time.. I do it ocasionally... no right or wrong... do it the way that builds your confidence...

Remember the TDI is the heart of all entry/exit moves...

I mostly just read my chart/TDI and what's it telling me but that only comes from experience... hope this helps...

Excuse me, Eelfranz, but I find the Fugly's question (post
705) interessing: After crossing the TDI, the candle is bullish (14h), it was
therefore logical to consider a trade Long.
Best regards
Oyapoke

Hi Snarlyjack, I live in the mst zone as well and have worked with this system for a while in the 5-15 min. time frames with some success and frustration and have decided to heed the advice and switch to the 4hr time frame. One question I have about your post is --do you set your trade before the 10:00 pm candle(on the 6:00 pm candle) since you start work at ten? I use IBFX as well--just wanting a little more insight...would it be possible to pm you with other questions specific to our time zone? Thanks to you and eelfranz, Mel

Training Chart.... Entries

The timeframe is 15min... I think there ar 21 trades here...all winners (?)... Well if you were trading on a 15min and not paying close attention you would probably have a few losses... However if this was a 1hr/4hr chart even 1 candle produces many pips and gives you time to get out if necessary... with profit in hand... see the difference?

Note the blue boxes on the chart... burn that into your mind... these are crap areas to enter any trade... when you see this go to another pair to find a clean entry/trade...

Don't enter trades where there are small candles... wait for it to open up...or find another pair... More 4x BASICS...

If you see the 5ema or green flat on the TDI there is little or no momentum...

Thx for the reply BigE, I read the entire thread before asking my question and I've begun reading it again just as you've suggested along with pg 250 onwards of the Craig harris stochastic method.

I'd just like to check where I haven't been able to understand this trade. In the chart below we get the signal to go long at the close of the blue candle, since at that point we have the G>R on the TDI and a nice 12-2 angle on the green TDI as well as a nice big blue HA candle (good price action) So we go long on the opening of the next candle. My red vertical line indicates initiating a long position on the openong of that candle. Would this still be wrong?

Thx for your patience

thx to jrushing and incredible on their replies as well talking about checking multiple timeframes.

Fugly....

Hey buddy.... I've looked this trade over a dozen times from all angles.... my eyeballs are spinnin' like the Bingo Tumbler that's got the balls in it...

Do you agree if you moved your verticle line one candle back you would have a proper TDI entry??? Long??? Blue candle... green crosses red ???

It looks that way to me on the chart...Knowing that I would have taken the TDI signal and entered there.

Where the verticle line is we have a red candle... TDI isn't telling me anything but the candles do. When I saw that candle was red (#1) and saw it pulling back (#2)... I would have exited to keep my profits. The 5ema is flat too...

You have to be aware of what PA is telling you as well as the TDI... If you smell a skunk... run...

There is not a new TDI signal until the next longs come along...

I will be following this set from Monday. Will post results. Looks promising.

I will start using this strat from monday aswell.

Although I still dont understand how you can see if the green TDI moves away from the red TDI when you have to enter a trade be4 the 3th candle

Fugly,

I'll try to give you some good advice...

I believe you are talking about where your green arrow is located?
Remember that trading is both a science (mechanical) and an art.

There is no 100% mechanical system. No holy grail. We can get
close but not 100%. Maybe 70% if were lucky. This is why you
have to develop a feel for the market and the TDI indicator.

However, that being said if you look at the 5 Ema shift +2/3
you'll see that it is slanting down hard. When I first looked
at your green arrow and the TDI and the 5 EMA I took pause.
Part of the conditions were their but not all of them.

If a person took that trade they probably lost money! Things
happen to good people! You need to learn the mechanical
side of trading plus the art of trading. Learn to connect with
your inner intuitive trader inside your head and stomach!!!
That's really the holy grail...

snarlyjack

Dila Shaska,

After looking at both your charts. I like the 4 hour chart.
It's nice, clean and simple. I like it...simple, easy to remember,
and profitable.

Your 5 minute chart is cluttered. It's not clean, not simple
and I'am sure not profitable.

My advice would be to lose the 5 minute chart and concentrate
on the primary 4 hour chart.

That's advice from a lod guy that you can take to the bank!!!

Hope this helps you...

snarlyjack

That one trade may not have worked, but I took the time to mark up the chart with my take on the next long trade. This one had a few more things going for it, which is more my style. Wait for quality.

http://i71.photobucket.com/albums/i1...rt/Chart-2.png

Yellow would be my entry, blue my exit... please advice (I dont understand the stoch & 50, 32 n 68 lines yet)

Is there a way to get delayed data in MT4? So I can practice with "moving" data instead of "static" data when the market is closed?

hinnavaru...

Your name doesn't sound very British....

Anyway friend... BE CAREFUL... Your up near the 68 line as well as PA is pretty close to the last swing high...