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Trading Made Simple

  • #581
  • Apr 29, 2011 1:15am Apr 29, 2011 1:15am
Quoting Forexcube
see #576

EURUSD, H4

Hi Bom-Bom

Okay the green line is crossing the red line upwards,..., may be one argument for going long with the next candle,
...but the stoch is going downwards.
Hi Forexcube, isn't that stochastic just to get confirmation as the main signal to enter position will be given by TDI?
  • #582
  • Apr 29, 2011 1:17am Apr 29, 2011 1:17am
[font=Comic Sans MS]I never knownly take a draw back of 40-50 pips even on the 4hr. I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back. If it happens when I'M SLEEPING... SO WHAT ... I never know about it... S/L at last HH or LL. It turns out in my favor most of the time. I lose about 2 trades out of 14-16 trades. I can live with that. I choose my trades carefully making sure they meet the entry rules spot on... and pass on the iffy ones and go hunt other charts.[/

Bige I get the logic on this and many thanks for sharing it but I don't think I'll be able to use this myself as a trade management method. The whole point of trading the 4hr for me is so that I don't have to watch the charts constantly (as I'm at work). As you've said before you trade at night and set your trades off before going to bed and set an alarm at every 4hr candle, so I suspect that apart from when you first place your trades and the odd toilet break check of the charts your not constantly watching them either. As you say if your sleeping you never know about it anyway.
  • #583
  • Apr 29, 2011 1:34am Apr 29, 2011 1:34am
Quoting jeffx
I keep getting an error trying to open this file. Is anyone else able to open it?
TIA
Same problem
  • #584
  • Edited 1:49am Apr 29, 2011 1:35am | Edited 1:49am
Quoting Bom-Bom
Hi Forexcube, isn't that stochastic just to get confirmation as the main signal to enter position will be given by TDI?

Yes it is so exactly!

I see at this chart that TDI will give a signal upwards but the Stoch downwards and that was the reason to set my comment here.
If it's not so, disregard my post on this subject, please.

Best regards
FXcube
  • #585
  • Apr 29, 2011 1:36am Apr 29, 2011 1:36am
To confirm,
CHecking for and entering trades is done only at the opening of each candle correct?? or can I enter a trade say 1 or 2 hours after a candle has opened if the tdi red and green begin to separate?? I am still not quite sure of the process??
Do I ignore everything until my 4 hour candle opens and then assess according to my tdi?? or can I enter at anytime if my tdi red and greens are crossed??
I guess what I am asking is....if I happen to glance through the charts and see the red and green have crossed, do I jump in??? I am trying to understand the relevance of assessing at the opening of a new candle.
  • #586
  • Apr 29, 2011 1:38am Apr 29, 2011 1:38am
So when you say only enter on the 1st or 2nd candle, do you mean the 1st or 2nd after the new 4 hour candle?? or do you mean 1st or 2nd candle after the tdi has crossed??
  • #587
  • Apr 29, 2011 1:41am Apr 29, 2011 1:41am
This is the system , a big thank u , i used it to scalp in 1 hr and came out a winner, opened trade whn the green crosses red on the first candle and exited at the 3 rd candle

supppppppppppppppppppppperrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
  • #588
  • Apr 29, 2011 1:49am Apr 29, 2011 1:49am
Quoting eelfranz
Norman... (483)

What time of day did you take this trade?


11:18am.
thanks for this help....norman
  • #589
  • Apr 29, 2011 1:49am Apr 29, 2011 1:49am
market is too slow.london banks are close as well.
Trade responsiblypatience is the key/Swing trader
  • #590
  • Apr 29, 2011 1:53am Apr 29, 2011 1:53am
Took this 4-Hour trade and made a quick 20 pips. Closed it out due to the holiday.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm15.gif Size: 20 KB
  • #591
  • Apr 29, 2011 1:55am Apr 29, 2011 1:55am
almost all pairs are in range
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart.gif Size: 10 KB
Click to Enlarge Name: chart1.gif Size: 11 KB
Trade responsiblypatience is the key/Swing trader
  • #592
  • Apr 29, 2011 1:56am Apr 29, 2011 1:56am
Took this one and closed it out for 15 pips. Same reason as previous.
Attached Image (click to enlarge)
Click to Enlarge Name: audchfm15.gif Size: 21 KB
  • #593
  • Apr 29, 2011 1:58am Apr 29, 2011 1:58am
potential trade on NZDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: rrr.gif Size: 21 KB
Trade responsiblypatience is the key/Swing trader
  • #594
  • Apr 29, 2011 1:59am Apr 29, 2011 1:59am
Yep I'm out now until tuesday, bank holiday today in japan also.
  • #595
  • Apr 29, 2011 2:00am Apr 29, 2011 2:00am
Took this trade and closed out for 20 pips. Overall, 55 pips between the three trades. My daily goal is only 20 pips so I'm very satisfied with the results in a slow market.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy15.gif Size: 21 KB
  • #596
  • Apr 29, 2011 2:14am Apr 29, 2011 2:14am
Quoting prof8t
Took this trade and closed out for 20 pips. Overall, 55 pips between the three trades. My daily goal is only 20 pips so I'm very satisfied with the results in a slow market.
looking at yyour chart i can see there was so signal from TDI.u may got 20pips luckly
Trade responsiblypatience is the key/Swing trader
  • #597
  • Apr 29, 2011 2:16am Apr 29, 2011 2:16am
Have people found that When trading the 4hr that checking the 1hr chart for agreement before pulling the trigger has been helpful.
  • #598
  • Edited 2:32am Apr 29, 2011 2:20am | Edited 2:32am
Quoting Batavier
I think I tried all the TDI's listed in attachments couldn't find the one with these alerts. Been a long day. Which one did I miss?
I did a quick search in FF and found it. enjoy..
fyi change the settings to match Eelfranz
Cosmo (545)... 13,0,34,2,0,7,0,true,blank, alert0-Buy G>R,Alert 1 - Sell G<R (TDI Settings)

Rich
Attached File(s)
File Type: mq4 TDI alerts.mq4   80 KB | 2,741 downloads
  • #599
  • Apr 29, 2011 2:24am Apr 29, 2011 2:24am
Quoting forex4rich
I did a quick search in FF and found it. enjoy..
fyi change the settings to match Eelfranz


Rich
I cannot attach this indicator on chart
Trade responsiblypatience is the key/Swing trader
  • #600
  • Apr 29, 2011 2:27am Apr 29, 2011 2:27am
Quoting Incrediblle
looking at yyour chart i can see there was so signal from TDI.u may got 20pips luckly
Took the trade because the slope of the TDI was heading back down almost like a touch signal. I don't think that the rules call for a perfect cross or touch so as long as the slope is correct.
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