Trading Made Simple

There is no buy for EG at this point. However if i would be "forced" to buy now i would set my SL like on this chart.

hi. what indicators you using to tell you trade on different timeframes with the arrows. ?? Also which one for time till next bar and reanges from current and previous days? seems like a nice chart setup. if you would be so kind as to share that information. thanks

I've been short EURGBP all week.

Took this daily setup lets see how it goes. took profit and reenter as it looks to be more upside. <trying to follow rules. hope i am getting it right

SHOrT? what do u think guys? good setup?






..... maybe shouold have waited will bar close?candle turned on first thoughts of reps winning.



Definetly better now. So added to my position.

Just shorted EURCHF as well. Just taking trades following tdi. trying to learn and distinguish which setups are worth taking and which are not. This looks good.

how bout eurcad?



looking good!?




are this setups i am taking valid?

ONE last one. EURGBP LONG 4h?

Hi,

I'm trading from Australia - i've been trading this method with a mixed level of success. Could i post trades from my Demo account and get assistance from traders here?

before i put some trades up, i use the following criteria:

* 4hr charts
* TDI Crossover (12/2 - Long, 4/6- Short)
* Candle 1 or 2
* Stochastic not in the overbought / oversold areas for long / short respectively
* EMA is not Flat
* Prior Candles are not small
* I also check the overall trend ( i do it on the HA candles, my understanding is that the trend is the same whether HA or otherwise )

Exit - Currently, whatever comes first:
* i aim for 10 - 15 pips profit as i'm not confident of picking trades accurately and lot of the times i just get stopped out.
* Hook / Flat or check mark TDI

It would really help my confidence if i can see some > +50 pips.

I'm using the Indicators as Big E, i.e. in post 1. I believe there were others out there which were repainting earlier - i couldn't make those work for me - so i went
back to the original.

Thanks in Advance

Chart 1:

Pro
TDI Crossover - Short
Candle 2
Stochastic was in Overbought area and confirmed with crossover
Prior Candles are of decent size

Cons
Against a strong uptrend
EMA was so - so

What do you guys think?

Rgds

Not on the suggested trading Hours. But yes doing it to get the hang of it. Saw this trade setup on tokio opening. looking to scalp a few pips already en profit. waiting 4 hrs and then gonna either close of leave it open if it gains momentum. thoughts? trying to learn how to catch tdi going flat or hooking by waiting till the opening of next candle. Please correct me if i am wrong. but thats the idea right to check weather tdi hooks at beginning of next candle? If it hooks mid candle or flattens do we get out or wait till its point is confirmed by close of the candle?

took the entry right on the cross of tdi. but bar hast closed the ma. according to rules i guess this would be valid entry still right? altough would be best if both tdi and bar crossed appear at same time?



same scenario. lets see if they work. will l8r add post with exits. hopefully maybe someone can comment on weather am taking right entries/exits. have little more doubts on this. as i just noticied the range on previous candles. hope it develops




... bummer.... both trades stopped out.. i guess the time you trade out filters out possible fakes. second day here. so i guess keep trying till i get the hang of it.

On Chart 1, which i posted earlier, so far down 16 pips , with 1 hr to go till next candle.

Will update in 1 hr.

--------------------------------------------------------------------------------------------------------
Chart 2:

Pro
TDI Crossover - Short
Candle 2
Stochastic was in Overbought area and confirmed with crossover
Prior Candles are of decent size
EMA was supporting

at the time of writing this: -8 pips - waiting for the next 4 hr candle.

What do you guys think?

Thanks

I have now closed out the trade from Chart 1, for a 14 pip loss.

Any advice would be helpful.

Thanks

Chart 2: Has tweaked slightly, will wait for the next candle.

There is a good opportunity on GOLD @ H1

Chart 2 - TDI gone flat - closed at a loss 6 pips

Can anyone shed any light on what i could be doing wrong?

Thanks

It's an uptrend on 4HR chart. I usually don't go SHORT on uptrend. I wait for the proper opportunity to go LONG on uptrend.

Thanks for your input Doha - i guess you mean the Short term trend on the 4H looks like an uptrend?

i guess that would also then apply for my Chart 1.

Apologies for trying to mechanize it, would i be right in saying - the Trade is more probable to work out if its with the short term trend?

Would that not be applicable for the H1 Gold Trade in post #92394?

Thanks again.

Hey - i'm new to this, so take it with a pinch of salt.

As i'm learning you probably don't want to go against the trend. I'm going to try the same - so lets see how i go.

I'm getting out as soon as i see a flat, Hook, Check Mark TDI. I only check on the period that i'm trading ( as i understand the original method ) - don't do anything in the middle - its a good question whether others are doing the same.

Rgds

Attaching some more trades on the 4hr

hi guys. ok here is a small scalp trade. i open on the hr. but when i went down to check PA on 15 min and saw some struggle where previous support/consolidation (zone where it had previously bounced up) had been established so closed it out afraid that it would go against me. TDI had not hooked so maybe i should have kept it longer?

went in on first vertical line. Exited on second for small scalp.




good thing i payed attention to that area. Look after i close it did go against me