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Trading Made Simple

  • #1,061
  • May 2, 2011 10:22pm May 2, 2011 10:22pm
Quoting Numb3rs
Dean I want you to trade demo until you know for sure what you are doing.

Take a step back study it all take lots and lots of demo trades. Once you have done plenty of practice trading you will know when its time to go live.

I have your interest at heart. I don't think your read to be live yet.

hope you understand. We got your back.
Numbers, thanks for caring for us...this thread is truly amazing!
  • #1,062
  • May 2, 2011 10:24pm May 2, 2011 10:24pm
For anyone not knowing how the TDI works the green and red lines will not move or change direction untill a new candle opens. it takes the data from the last closed candle and this is where it will move after a new candle opens. This is why we ''wait'' for a new candle to open to see where the TDI will move to and see if a new trade is present to take. If I am wrong please correct me as this is what I have found in backtesting of the TDI.

Thanks, Fxlakebum....
  • #1,063
  • May 2, 2011 10:27pm May 2, 2011 10:27pm
I understand and I am extremely grateful numb3rs. I have only taken one trade using this method as I want to be fully comfortable with it first (hence the ridiculous amoutn of questions). It concerns me with demo trading that you dont get the same mental aspect so I just use a micro account. My trade size is 0.01 lots. If you think I should still demo, I will do it. I really do appreciate your concern and help....ALL of you.
  • #1,064
  • May 2, 2011 10:27pm May 2, 2011 10:27pm
Dean,

I discovered this thread 4 weeks ago. Since then I have read the full thread over and over. Making notes of rules, cutting and pasting them into my own document. Taking snap shots of charts and watching the market based on the criteria. Observing and understanding what makes a good trade or bad trade.

To date I have not asked one single question!

And to date I have not taken one single trade!

I have an alarm set at 4hr intervals so I can observe the data live.

I love your enthusiasm but it's time to take a deep breath and work through the information.

Give yourself a chance.

Patience, Patience, Patience.

Regards,
Rascal
(Down Under)
  • #1,065
  • May 2, 2011 10:27pm May 2, 2011 10:27pm
Dean,

each pair is different, you have to watch the way it flows and watch it PA, E has an entry on the first or second crossing the 5 with conformation on the crossing of the tdi, as per the chart below.

TDI had crossed
candle 1 was below the 5
stoch was going down


Could i have gotten in on the first, sure becuase of the pin bar for that ( 4th candle back)
Could i have gotten in on the first cross of the TDI at the 68 line going down yes

However, the fourth candle back was a reversal candle, then what i consider a bearish engulfing candle (engulfed the body, not quite a complete engulfing, but close enough for me)

My exit was set on the width of the engulfing candle plus spread

works for me 90% of the time

Quoting eelfranz
Dean...

Your wearing me out... no matter how I explain it you don't get it.

Please some other thread members jump in to answer Deans questions on pages 69-70. Thanks

Read post 1039 again...
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  • #1,066
  • May 2, 2011 10:28pm May 2, 2011 10:28pm
A little off topic, but relevant to the last page or two of dialog...

There's some good people in this thread. I don't spend much time on FF because many many threads are diluted with bickering and name calling and other childish behavior, but I am impressed with the professionalism displayed here. Everyone has been polite and willing to help, and not acting like smug, conceited, arrogant A-holes like in other threads. Good stuff. I actually feel compelled to stick around now. I usually post on Hot Stock Market, but their forex section is pretty dead. Great people and great info, just not enough people. Anyway I'll get off my soap box now.

Great thread and thanks to everyone who's worked to create this system. The TDI has been a great tool to round out my trading tool box.
Get money, don't let money get you. @kauaiforex
  • #1,067
  • May 2, 2011 10:30pm May 2, 2011 10:30pm
Dean,

PM me please
  • #1,068
  • May 2, 2011 10:32pm May 2, 2011 10:32pm
Roundrock...

Looks sweet... set up not ready... could still bounce back... and we got lower lows... wait for green to cross red then enter... if your still awake
  • #1,069
  • May 2, 2011 10:37pm May 2, 2011 10:37pm
Quoting dean
Thanks eelfranz, I will stick with trading only the new candle openings.
Hi Dean,

Why not use your MT4 strategy tester. Load your template and go for it. I'm just trading trading trading on this till it all becomes second nature. Hones your skills for the live market.
Cheers
Just trade the pullback you idiot!
  • #1,070
  • May 2, 2011 10:42pm May 2, 2011 10:42pm
I apologise to eelfranz and all of you who are getting annoyed or upset with me. I will stop asking questions and just try and get the gist of it by reading and looking at charts. It was never my intention to hijack the thread or upset anyone. Sorry
  • #1,071
  • May 2, 2011 10:44pm May 2, 2011 10:44pm
Quoting dean
I understand and I am extremely grateful numb3rs. I have only taken one trade using this method as I want to be fully comfortable with it first (hence the ridiculous amoutn of questions). It concerns me with demo trading that you dont get the same mental aspect so I just use a micro account. My trade size is 0.01 lots. If you think I should still demo, I will do it. I really do appreciate your concern and help....ALL of you.
Dean it's up to you. Thats just my advice. Do what you feel is right for you. We are all different. I demo some of my trades. I live trades the setup I feel confident in and even those are looser sometimes. I'm with you on keeping the amount small. I do .10 per pip.

Best pipin luck to you
Could it be Man is trying to be something without knowing they're complete?
  • #1,072
  • May 2, 2011 10:46pm May 2, 2011 10:46pm
Quoting NoJobRob
A little off topic, but relevant to the last page or two of dialog...

There's some good people in this thread. I don't spend much time on FF because many many threads are diluted with bickering and name calling and other childish behavior, but I am impressed with the professionalism displayed here. Everyone has been polite and willing to help, and not acting like smug, conceited, arrogant A-holes like in other threads. Good stuff. I actually feel compelled to stick around now. I usually post on Hot Stock Market, but their forex section...
its because Eel wont allow BS....he is here only to teach and if someone acts like an a=hole he will ban them....so hats off to Eel and all the others who help
  • #1,073
  • May 2, 2011 11:01pm May 2, 2011 11:01pm
Oh man... what a trade.... easy money... TDI starts at 5pm angle and tweeks to 5:45pm angle.... who caught this?
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  • #1,074
  • May 2, 2011 11:03pm May 2, 2011 11:03pm
My bounce trade. Worth 28 pips as of now. 0000gmt candle trade.
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Faith with Action
  • #1,075
  • May 2, 2011 11:33pm May 2, 2011 11:33pm
Quoting eelfranz
Oh man... what a trade.... easy money... TDI starts at 5pm angle and tweeks to 5:45pm angle.... who caught this?
eel
yes I did notice that but I was sincerely going after only 4hr trades.
Faith with Action
  • #1,076
  • May 2, 2011 11:45pm May 2, 2011 11:45pm
Can anyone tellme if the heiken color has anything to do with when to enter a trade, for example if i have a TDI crossover for a short and all else is in line but lets say the heiken has turned red 3 candles ago,does this matter even if the PA is correct along with the Stoch and the cross over. thanks
  • #1,077
  • May 3, 2011 12:11am May 3, 2011 12:11am
Hey Davlo

The trigger to enter is the TDI cross-over (having appropriate regard to all the other set up factors mentioned previously). Unless you are flicking between timeframes, you would be hard pressed to find a series of red candles preceding a short entry signal. In fact, unless it is a "bounce trade" I don't think it is even possible.
  • #1,078
  • May 3, 2011 12:18am May 3, 2011 12:18am
Thank you Hawaii5000, i appreciate the help.
  • #1,079
  • May 3, 2011 12:20am May 3, 2011 12:20am
Thanks eelfranz, kumodrago, and jrushing for straightening out the entry rules for me. For some reason I thought all the potential entries need to happen after the TDI cross of the closed bar.

I know the cross should only be treated as an alert and there are many factors which needs to be considered to gauge potential of a trade. When you guys speak of PA, this is PA on the HA bars, not the actual bars, correct? I think the biggest adjustment for me is to trade w/o seeing the PA of the actual bars.

Thanks again.
  • #1,080
  • May 3, 2011 12:34am May 3, 2011 12:34am
Hi eelfranz, KumoDragon
I basically understand most of the entry and exit rules. The rules are quite clear.

The only thing I'm a bit puzzled about is the Stochastic indicator as a confirmation. Would we need the Stochastic and TDI to be unison? (sloping the same direction) before entering?
I assume this correct thing to look out for.

Just some observation.
Note: in 4hour AUDUSD, the TDI is heading down (after 3rd candle) and the Stochastic may have bottomed.

I am assuming here, the PA may have bottomed out.
From your experience, would this be the correct assumption? Or is there room for PA to move down.

I have set my observation charts to look at 1hour and 4 hour. 1 hour for entry and confirmation.

Today is my first day trading using this system. At moment I just observing how this system works.

http://i54.tinypic.com/2uikxzc.jpg
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