Dislikedyep I took it but willl be setting TP at around 94.70 ish. Down sides are strong support there and smallish candles so will be tight stopsIgnored
Monitor for 'Trading Made Simple' system 553 replies
Indicators for the 'Trading Made Simple' system 342 replies
There seems to be a lot of confusion on entries. I will try to help using chart I posted (posted 1334).
If you look at chart the 1st blue candle (candle before red vert line) is 10 pm 4 hr candle. At this candle the TDI looked like it was going to cross but did not, the red and blue lines formed a point.
I got up at 1:55 am to catch open of 2 am candle, as it opened the blue TDI line opened above (crossed) red line and candle opened blue (entry signal), this is why it is important to watch open of new candle. This happens over and...Ignored
Your trade on post 1336 appears to be a good trade by the rules, second candle, TDI crossed, stochastics in agreement.
Please post chart with results after close.
Also, to answer your question on post 1341, I have been trading forex approx 1-1/2 years and started this method 3 weeks ago (wish I had found sooner).
The first week I was positive 45 pips, after losses incurred while still trying to trade M5 and M15 TF along with H4.
Second week (last Week) +90 pips, again would have been better if I could stay away from M5 and...Ignored
Whn I see TD crossing green over red or red over green and in 1 Hr time frame, I drop to lesser time frame like 30 min 15 min or 5 min for entry with same rules, Believe me all my trade have been in positive ground
This is how i trade this system and has worked for me, I dont trade in NY times due to the fluctuations , I trade during the london time and 4 hrs prior to london open ,
I used this system in 1 hr period and with clear intention to get out by candle no 3, I used only TD and nothing else
Whn I see TD crossing green over red or red over green and...Ignored
Dislikedok, I am a noob and it is my first post here. Here is a GJ trade I took this morning. Entry on the close of the first blue candle @134. Now the second blue candle [email protected] 133.88 10am est. TDI green was going strong until 5 mins later a 60pip drop. So the current 4h candle shows red and the green TDI is flat. My question would be: should I close it when the candle turns red or should I wait till the close of this candle? I guess this is why Big E close all his trade at 9am EST, that we often see a reversal after 9:30 stock open? Thank for the help....Ignored