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Monitor for 'Trading Made Simple' system 558 replies

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Trading Made Simple

this is not a indicator....go to account history, choose the trade you want to see and drag it into the chart that's it.
Hi,
Could someone verify the settings of the Moving Average on the chart. From the template I down loaded from post 156, The settings are 5 Simple MA, Shift-2 [email protected] Typical Price {HLC/3 }. I thought I read somewhere in this thread that it was 5 EMA Shift-3 Set @ Typical Price.

Thanks in advance for clarifying this for me....T-Wolf
Mine are the same - The settings are 5 Simple MA, Shift-2 [email protected] Typical Price {HLC/3 }. Not sure if it's correct, but that's what the template loaded.
Quoting thunderwolf
Hi,
Could someone verify the settings of the Moving Average on the chart. From the template I down loaded from post 156, The settings are 5 Simple MA, Shift-2 [email protected] Typical Price {HLC/3 }. I thought I read somewhere in this thread that it was 5 EMA Shift-3 Set @ Typical Price.

Thanks in advance for clarifying this for me....T-Wolf
Hi Twolf

I am not sure if it is a big deal what you use ema or sma, but shift should be ether 2 or 3 typical price. Just up to the traders preference. I use 5ema shift 2 typical price. Play with it and see what you like really pretty similar.
Could it be Man is trying to be something without knowing they're complete?
Thank you very much Gentlemen, it's much appreciated !
TD turned down so out at -23 pips.

Back in EU & AU SHORT as I see signals on both.

News is probly gonna be a big fake and I'll probly wish I just had hung on to the GU, but testing this method as prescribed.

Yep, faked out by the news should have held on to my GU trade. Stopped out of both EU and AU shorts now.

Three trades -184 for the day:
Hey guys,

Im not familliar with the TDI so please excuse me if this is a stupid question.

What is the significance of the 68 and 32 levels, do they have a particular meaning or are they just a trader preference.

Thanks in advance.
The Market is in anticipation mode as everyone is awaiting the FOMC Main Attraction, when Benny and the Jets take the Stage at 2:15 PM EST.
Hi Guys,

I'm back from city and found a new setup on EUR USD

Take a look at the chart :

Mfinab,
http://my.jetscreenshot.com/4229/201...vgzj-485kb.jpg
Quoting 33drifter
What is the significance of the 68 and 32 levels, do they have a particular meaning or are they just a trader preference.

Thanks in advance.
Hi 33:

The position of the TDI cross in relationship to the 32 and 68 points is important.

I would be cautious taking a short trade when the cross signals you to go short near and/or below the 32. Likewise, taking a long position near and/or below the 68.

On the other hand, eelfranz says that some of his best trades have been when the TDI cross signals short near the 68, and long near the 32.
Quoting 33drifter
Hey guys,

Im not familliar with the TDI so please excuse me if this is a stupid question.

What is the significance of the 68 and 32 levels, do they have a particular meaning or are they just a trader preference.

Thanks in advance.
Hi 33 drifter. The TDI is an RSI custom based indicator that uses 68 as overbought level and 32 as oversold level instead of the usual 70 and 30 levels.
  • Post #232
  • Quote
  • Edited 12:55pm Apr 27, 2011 12:27pm | Edited 12:55pm
Hi Guys,

Only to let you know about my trades right now with this system:

USD CHF LONG +50 SL at BE +2
NZD USD Short +44 SL at BE +2
USD CAD LONG +32 SL at BE +2
EUR USD Short -2 (just ordered 5 mins ago)

Let's see, I have since yesterday 137 pips in the pocket..

Mfinab,
Quoting mfinab
Hi Guys,

Only to let you know about my trades right now with this system:

USD CHF LONG +50
NZD USD Short +44
USD CAD LONG +32
EUR USD Short -2 (just ordered 5 mins ago)

Let's see, I have since yesterday 137 pips in the pocket..

Mfinab,
Love it!
Keep posting buddy. You seem to have a nack for this. Your charts are helpful for all of us.

I'm learning from you too.
Could it be Man is trying to be something without knowing they're complete?
Quoting mfinab
Hi Guys,

I'm back from city and found a new setup on EUR USD

Take a look at the chart :

Mfinab,
http://my.jetscreenshot.com/4229/201...vgzj-485kb.jpg
Re-Hi Guys!

As you can see,
1: We always have to check for news before entering in trade.
2: Like Big e said, on New York session, it's not a good idea to trade... as you can see my EUR USD Short as already touch SL with -42 pips.

Mfinab,
Quoting Numb3rs

Love it!
Keep posting buddy. You seem to have a nack for this. Your charts are helpful for all of us.

I'm learning from you too.
Hi Numb3rs,

Thanks for you comment!

Mfinab,
Quoting 33drifter
Hey guys,

Im not familliar with the TDI so please excuse me if this is a stupid question.

What is the significance of the 68 and 32 levels, do they have a particular meaning or are they just a trader preference.

Thanks in advance.

thanks for the help guys, i should have been more specific with my question.
why 68 and 32, why not 70 and 30 or 67 and 33 etc.
Quoting 33drifter
thanks for the help guys, i should have been more specific with my question.
why 68 and 32, why not 70 and 30 or 67 and 33 etc.
Hey 33drifter,
That's a good question and I guess you'd have to ask Dean Malone from Compass FX, as the TDI indicator is his creation.
So my next question is regarding money management.
Lets say you enter a trade and place SL above previous high or low, we'll use 30 pips for this example. If you get an exit signal after 15 pips do you take it and rely on high probability to get you through or do you try to hold out for a TP of 30 pips and keep a R:R of 1:1

Great thread by the way, thanks to all the contributors
Quoting 33drifter
So my next question is regarding money management.
Lets say you enter a trade and place SL above previous high or low, we'll use 30 pips for this example. If you get an exit signal after 15 pips do you take it and rely on high probability to get you through or do you try to hold out for a TP of 30 pips and keep a R:R of 1:1

Great thread by the way, thanks to all the contributors
Monitor the trade on the formation of each 4hr candle, any flattening, hooking over or reversal of TDI then strongly consider exiting however many pips your up or down.
Quoting 33drifter
So my next question is regarding money management.
Lets say you enter a trade and place SL above previous high or low, we'll use 30 pips for this example. If you get an exit signal after 15 pips do you take it and rely on high probability to get you through or do you try to hold out for a TP of 30 pips and keep a R:R of 1:1

Great thread by the way, thanks to all the contributors
Basically watch that green tdi line if it gos flat or starts hooking back on you (hook looks sort of like a check mark) consider getting out and look for a new entry. I guess its more of a timing thing. If your timing is off get out and try again later.
Could it be Man is trying to be something without knowing they're complete?
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