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  • #91,761
  • Edited 3:31pm Oct 7, 2018 3:18pm | Edited 3:31pm
What about this TDI H4 setup for shorting NZD/USD. Would this be valid by the rules?

Attached Image (click to enlarge)
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What i see:

- TDI crossed ✓
- TDI green angle 4-6 ✓
- Stock confirms ✓
- Average candles are red/bearish ✓
- First candle (Enter on candle 1-2) ✓
- Higher TF (Daily, Weekly) bearish ✓

So far so good? What i am not sure about is:

First, the TDI green/red is below 32 level on H4. So it would be better to wait for a buy signal? Do we actually look for this on the H4 or is overbought/oversold more relevant to the next higher TF, meaning looking at the Daily for this instead? Thats still confusing me. Or do we only look for trade opportunities where the TDI signal is somewhere in the middel between 68/32 so 50?

Second, what about Support and Resistance. When i look to the left on either H4, Daily or the Weekly Chart i canīt see any zone here where i could draw a horizontal line here. (Just looking back for a couple of weeks) So if it says "trade away from Support or Resistance" we are somewhere to nowhere here. In conclusion does this mean we want to wait until some swing highs are formed here and and first think about going short if price is near to this resistance again? Vice versa only thinking about going long if price formed some swing lows we could draw a horizontal line that marks support and then wait for a buy signal to trade away from this support to the upside.

thanks for your kind help in advance.
  • #91,762
  • Oct 7, 2018 3:33pm Oct 7, 2018 3:33pm
Quoting lddd
What about this TDI H4 setup for shorting NZD/USD.
It best to wait for a retrace on this pair before shorting.
  • #91,763
  • Oct 7, 2018 3:48pm Oct 7, 2018 3:48pm
Quoting Pagh
{quote} Congratz on the great result. I've been following the thread for a while, and noticed that you mainly argue in here and in general criticize people for using the original TMS system. Since you are in here and spend alot of time in the thread, i expect that you are somehow still using this method, but with your own improvement imputs etc? Or are you using a totally different system? I am just asking out of pure curiosity. If the answer to my question is stated somewhere obvious far back in the threat history then my bad, i havent got to read...
I do not trade this system
You will learn the most from your losing Trades
  • #91,764
  • Oct 7, 2018 7:24pm Oct 7, 2018 7:24pm
Quoting PeterE
{quote} It best to wait for a retrace on this pair before shorting.

Well, learning from Big E, he had a few simple rules regarding trading times when trading H4.

1) Do not trade the NY Sunday open H4 candle.
2) Do not trade Fridays, especially the last 2 H4 candles of the week before NY session close.

3) in between the above 2 rules, he also did not trade 4 other H4 candle times when he was scalping the H4.

but he would break the rule 3) only under certain market conditions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,765
  • Oct 7, 2018 7:29pm Oct 7, 2018 7:29pm
Oct 08, 2018

we have bank holidays in Japan. US and Canada.

Only the European sessions is good for trading today.

GBP pairs to watch with more attention on Brexit talks ongoing. Last week was big mover for those who caught the GBP crosses.
This week will be some follow through of the bullish sentiments.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,766
  • Edited 11:21pm Oct 7, 2018 10:49pm | Edited 11:21pm
Quoting lddd
What about this TDI H4 setup for shorting NZD/USD. Would this be valid by the rules? {image} What i see: - TDI crossed ✓ - TDI green angle 4-6 ✓ - Stock confirms ✓ - Average candles are red/bearish ✓ - First candle (Enter on candle 1-2) ✓ - Higher TF (Daily, Weekly) bearish ✓ So far so good? What i am not sure about is: First, the TDI green/red is below 32 level on H4. So it would be better to wait for a buy signal? Do we actually look for this on the H4 or is overbought/oversold more relevant to the next...
The signal is good.

However, there are some intangibles that should be looked at. The first one that I would look at is the fact that the stoch is near it's lows for the measurement period and is in divergence. This will cause me to look up at PA more closely. Surely enough the angle of descent of the price is beginning to flatten. The TDI itself is also in divergence and low, this tells me that the move is extended. I am wary of trend exhaustion. Next, we are in trading range price action with a break and follow through of the low of the range. Would I have taken this trade, yes, I would have at 0.5 of position size. My stop is above the last major lower high at the BRN.

Obviously, a better entry would be on a pullback and failure at 6500.

Someone sent a PM about my template. Here it is.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 198 KB
Attached File(s)
File Type: zip JMN-TDI.zip   28 KB | 1,060 downloads
If you are good at something, never do it for free--Joker
  • #91,767
  • Oct 8, 2018 12:51am Oct 8, 2018 12:51am
Quoting jmn5611
{quote} How much time does it take to analyse an H4 chart for a Pass/Fail signal? Just asking. {quote} Yes, it is easy. People like to catch falling knives and crow about how they picked a bottom or a top is the real issue I think Tekkies. People want to take crosses against the trend. People want to take crosses in a trading range. Easy. Take a chart, divide it into four parts. If three parts agree, trend. If four parts agree, strong trend. If two parts agree, trading range.{image} Four weeks ago, up Three weeks ago, up Two weeks ago, up This week,...
Now, this is what I call INSTRUCTION. Simple, concise and to the point. Thank you jmn5611.
  • #91,768
  • Oct 8, 2018 2:59am Oct 8, 2018 2:59am
waiting to see what price action we get under that blue support.....

.
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  • #91,769
  • Oct 8, 2018 3:49am Oct 8, 2018 3:49am
Trade of the day.
Expecting some correction after long run...
Sat the stop loss as break even in case.

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  • #91,770
  • Oct 8, 2018 3:53am Oct 8, 2018 3:53am
It's 10mins to 2AM Oregon time, one of Big E H4 trading hour,

I see a few good TDI signals.

If you missed the last USDCAD 10PM H4 candle, do not chase after the market.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,771
  • Oct 8, 2018 3:55am Oct 8, 2018 3:55am
hi, any mistake i am sorry my first tread for this method

EURAUD sell H4
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  • #91,772
  • Oct 8, 2018 3:56am Oct 8, 2018 3:56am
Quoting ashraf737
hi, any mistake i am sorry my first tread for this method EURAUD sell H4 {image}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,773
  • Oct 8, 2018 3:58am Oct 8, 2018 3:58am
Quoting emmanuel7788
{quote}

Thanks brother
  • #91,774
  • Edited 5:08am Oct 8, 2018 4:58am | Edited 5:08am
Quoting ashraf737
hi, any mistake i am sorry my first tread for this method EURAUD sell H4 {image}
Looks good, but what about the longer trend direction? The Daily and Weekly on EUR/AUD is bullish?
  • #91,775
  • Oct 8, 2018 5:04am Oct 8, 2018 5:04am
Quoting jmn5611
{quote} The signal is good. However, there are some intangibles that should be looked at. The first one that I would look at is the fact that the stoch is near it's lows for the measurement period and is in divergence. This will cause me to look up at PA more closely. Surely enough the angle of descent of the price is beginning to flatten. The TDI itself is also in divergence and low, this tells me that the move is extended. I am wary of trend exhaustion. Next, we are in trading range price action with a break and follow through of the low of the...
Yes. I my thoughts were very similar to what you say here (hooray, seems like i start understanding some things hehe) Now looking back on the signal i am glad not have taken it. Also thin volatility today.
  • #91,776
  • Oct 8, 2018 6:12am Oct 8, 2018 6:12am
today one moor tread
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  • #91,777
  • Oct 8, 2018 6:15am Oct 8, 2018 6:15am
GJ sell
Attached Image
  • #91,778
  • Oct 8, 2018 6:15am Oct 8, 2018 6:15am
Quoting ashraf737
today one moor tread {image}
Your entry is late.
  • #91,779
  • Oct 8, 2018 6:30am Oct 8, 2018 6:30am
Quoting ashraf737
today one moor tread {image}



another good trade taken well with that consolidation breakout entry level.

something tell me that you know how to trade price action.

soon you wont be needing that TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,780
  • Oct 8, 2018 7:16am Oct 8, 2018 7:16am
Quoting emmanuel7788
{quote} another good trade taken well with that consolidation breakout entry level. something tell me that you know how to trade price action. soon you wont be needing that TDI.
yes brother one moor powerful point is weekly, daily, h4 diverging
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