Attachments: Trading Made Simple

Trading Made Simple

#1,101
May 3, 2011 6:40am May 3, 2011 6:40am

KumoDragon
| Joined Sep 2009 | Status: Trader | 1,048 Posts

Quoting fxlakebum

Disliked

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....

Ignored

That is not correct, the TDI DOES move and change angles inbetween candles. If follows the size of the candle. I know this from watching for hours.

If you enter/exit based on angle inbetween candles you are going to get faked out though.

#1,102
May 3, 2011 6:44am May 3, 2011 6:44am

KumoDragon
| Joined Sep 2009 | Status: Trader | 1,048 Posts

O dang it I should have just let my GU short run from yesterday instead of locking in +30.

O well, woulda coulda shoulda.

#1,103
May 3, 2011 7:06am May 3, 2011 7:06am

wickedwin
| Joined Apr 2011 | Status: Trader | 183 Posts

USD/JPN is going great.. +100 so far.

Anyone entered USD/CAD 6 hours ago? If so congrats ;-)

#1,104
May 3, 2011 7:09am May 3, 2011 7:09am

KumoDragon
| Joined Sep 2009 | Status: Trader | 1,048 Posts

Did I enter the EUR/GBP bounce trade 1 candle late by mistake?

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#1,105
May 3, 2011 7:12am May 3, 2011 7:12am

2scoops
Joined Jan 2011 | Status: No Longer Trading | 546 Posts

Quoting KumoDragon

Disliked

check the TD on the start of every 4H candle only....

Ignored

Thanks I think your right, totally agree and the whole point of trading the higher timeframes is to avoid the stress of constantly monitoring the charts

#1,106
May 3, 2011 7:49am May 3, 2011 7:49am

dean
Joined Feb 2010 | Status: Trader | 861 Posts

Opinions everyone???

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#1,107
May 3, 2011 7:55am May 3, 2011 7:55am

Forexcube
Joined Nov 2009 | Status: Trader | 27,245 Posts

Quoting dean

Disliked

Opinions everyone???

Ignored

see #1107

GBPAUD, H1, 2011 Mai 03
AUDUSD, Daily, 2011 Mai 03

...with regrad to GBPAUD, H1 you could get some pro and con more.

AUDUSD Daily looks down!...but it's not a daily closed candle, so may be it's better to wait and trade interim the H1.

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#1,108
May 3, 2011 7:56am May 3, 2011 7:56am

KumoDragon
| Joined Sep 2009 | Status: Trader | 1,048 Posts

Quoting dean

Disliked

Opinions everyone???

Ignored

IMO wait until the open of the next candle and see if it's strong. (flat bottom wick on the top). On my chart the current candle is a dogi, which is a unsure/ranging candle.

Though I'm hoping for a 4 H long reversal on AU and related pairs on the next 4 H candles.

#1,109
May 3, 2011 8:01am May 3, 2011 8:01am

Forexcube
Joined Nov 2009 | Status: Trader | 27,245 Posts

See #1107

AUDUSD, H1, 2011 Mai 03

This is my chart. Clear up!

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#1,110
May 3, 2011 8:03am May 3, 2011 8:03am

KumoDragon
| Joined Sep 2009 | Status: Trader | 1,048 Posts

Quoting KumoDragon

Disliked

IMO wait until the open of the next candle and see if it's strong. (flat bottom wick on the top). On my chart the current candle is a dogi, which is a unsure/ranging candle.

Though I'm hoping for a 4 H long reversal on AU and related pairs on the next 4 H candles.

Ignored

Looks good to me now IMO on the 1H. Just entered it long myself.

#1,111
May 3, 2011 8:07am May 3, 2011 8:07am

dean
Joined Feb 2010 | Status: Trader | 861 Posts

forex cube,
My chart is the same as yours, are you in?? I am in at 1.087

#1,112
May 3, 2011 8:08am May 3, 2011 8:08am

Lawton
| Joined Feb 2010 | Status: Trader | 24 Posts

Thanks KumoDragon.

#1,113
May 3, 2011 8:09am May 3, 2011 8:09am

dean
Joined Feb 2010 | Status: Trader | 861 Posts

I just entered long on
aud/usd
usd/chf
eur/usd
and I reckon the USD/CAD is worth watching on the hourly

#1,114
May 3, 2011 8:09am May 3, 2011 8:09am

KumoDragon
| Joined Sep 2009 | Status: Trader | 1,048 Posts

Quoting Lawton

Disliked

Thanks KumoDragon.

Ignored

Just be aware there is round # 1.0900 right above entry. So, you may see some resistence there or stall or a bounce. I entered because looking left it had not problem blowing through it long before.

P.S. Make sure to read my disclaimer too lol.

#1,115
May 3, 2011 8:10am May 3, 2011 8:10am

snarlyjack
| Commercial User | Joined Feb 2008 | 1,909 Posts

2scoops,

Goodmorning!

You have to remember that eelfranz trades standard account,
which is $10.00 per point. So a 15 point retracement is $150.00 .
Eelfranz is also concerned with protecting his profits.

Me on the other hand trade a mini account, which is $1.00 per
point. So a 15 point retracement is $15.00 . I'am not nearly
as concerned protecting $15.00 profits and am willing to let
it thrash around alot more.

When I say I made $100.00 last night you have to keep in mind
that Eelfranz made $1000.00

Also, keep in mind that I set my trades at night and then leave.
I have no access to forex at work. So I set a $100. emergency
stop loss and let her rip. I don't find out how I did entil the
morning. What I do is count candles and play the probability game.
1,2,3 candles almost 100% in my favor. Candles 4,5,6, probability
is much lower. Candles 7,8,9 probability is much, much lower of a
successful trade.

snarlyjack

#1,116
May 3, 2011 8:11am May 3, 2011 8:11am