Trading Made Simple

First trade using this sys won't be the last .. closed out at TP +59 pips two orders
Big thanks BIG E and all others that are helping
Bruce

Dimsss,

We don't use the Yellow line... Only the TDI for signals... Read the thread.

Looks like we have a TDI crossover long on the Aud/Usd 4hr

Checkz
AUDUSD
I don't see that on my 4hr chart. Price hasn't cross the 5ema yet.
The TDI looks flat.

However, on the 1hr, it has.

There will be major news coming in the next 15min.

First time user here. Have been reading the whole thread and can only say Thank You! All the members doing a great job contributing, especially Big E! Best mentoring!
Checkz: but the timing isn't good? Europe is in the middle of the night...

Babnz,

Your chat entry is not correct. Read the thread first...

Adong (1554)...

Your analysis is not correct buddy... look at it again...

Eelfranz,
Specific question for you if you dont mind.
When your alarm goes off and you pop out of bed and sit down at your computer. You open a chart. What is the exact, precise thing your eyes lock onto to get the very very first determination of a trade??
DO you look at PA and then to the TDI, or do your eyes go directly onto the TDI and ascertain if it has crossed and is at the correct angle??
Just a light hearted question to see how your mind is now trained to instinctively go through the process.

I've been searching the forex forums all over the internet after playing the "death by a thousand cuts" game with every system and course imaginable. I've been at this for 5 years now and have never felt compelled to sign up with a single forum until I found this thread. It's that good. Thankyou everybody, especially eelfranz and snarlyjack.

ok I think this is the rule that I got wrong . There were more than 3 candles after the tdi cross over. am I right about this?
Thanks for pointing it out before to many bad habits set in..

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

Mr. B E. Thanks for your comment! Will keep learning!

Adong

Dean...

Quick glance at PA then the TDI... Exception: If it's 6am I just close all 4hr trades and go to 1hr charts....

babnz...

Speaking of Oil and the Dollar...

Oil has biggest 1-day drop in more than 2 years
Settles below $100 on benchmark West Texas exchange amid concerns about U.S. demand

 

1. 
   

NEW YORK — Oil plunged nearly 9 percent to settle below $100 per barrel. Investors who had ridden a months-long rally fled the market Thursday because of concerns about weakening demand for fuel in the U.S.
The decline of $9.44 per barrel, or 8.6 percent, brings the week's loss for oil to $14.13, or 12.4 percent. Other commodities like silver and cotton have plunged as well.
Oil rose 35 percent from mid-February through the end of April. As it climbed above $100, economists warned that high fuel prices were taking a toll on the U.S. economy. Gasoline demand starting falling in March as motorists paid more at the pump; that trend was reinforced by industry and government studies released this week. On Thursday, worries about the job market ahead of Friday's key employment report added to concerns about fuel demand.

1. "More and more people were saying that oil was just too high," said Michael Lynch, president of Strategic Energy & Economic Research. "That got a lot of investors ready to run for the door. That's what they're doing now."

A higher dollar also contributed to Thursday's sell-off. Benchmark West Texas Intermediate crude for June settled at $99.80 per barrel on the New York Mercantile Exchange. That's the lowest settlement since March 16. Oil last had a one-day percentage decline this big on April 20, 2009. Back then a barrel of oil cost less than half as much as it does now.
Analysts also said the lack of any terrorist retaliation of the killing of Osama bin Laden eased concerns about the safety of the world's oil fields.
Story: Commodities in free-fall help stocks end lower Oil and other commodities have been on a roll since around Labor Day, when the Federal Reserve indicated it would take more steps to boost the U.S. economy. The result: lower interest rates and a weaker dollar combined with increased global demand to boost prices for oil, precious and base metals and grains.
This year, uprisings in Libya and the Middle East gave a further lift to energy markets.
This week investors have reversed those bets on commodities and locked in profits.
The plunge in oil may be enough to keep pump prices from reaching a national average of $4 per gallon. Retail gasoline has surged 30 percent this year. It's risen for 44 consecutive days to $3.985 per gallon.
Advertise | AdChoices Fred Rozell, retail pricing director at Oil Price Information Service, a private research and consulting firm, said the national average probably won't get to $4 per gallon.

"I wouldn't be surprised if we dropped to about $3.50 by the middle of June," Rozell said.
Expensive fuel bills can crimp customers' spending habits. Earlier in the week, reports from MasterCard SpendingPulse and the Energy Department showed that Americans bought less gas in the final week of April.
On Thursday, some retailers warned that soaring gasoline prices are starting to cut into the spending power of lower-income customers who were already on tight budgets. Also, the government said that the number of people applying for unemployment benefits reached an eight-month high. Distress in the job market depresses gasoline demand, analysts say, because large numbers of Americans drive to work.
"Commuters are the bedrock of gasoline demand," Cameron Hanover analyst Peter Beutel said. When people lose jobs, "you're killing the best part of that demand — the part that will always be there as long as someone has a job."
Story: Americans go from rage to resignation over $4 gasoline Companies feel the squeeze of high oil prices as well. Four of the nation's top airlines combined to lose $1 billion in the first quarter, largely because of the high price of jet fuel.
Other energy futures fell sharply as well. Heating oil fell 25.61 cents to settle at $2.8869 per gallon and gasoline futures lost 22.71 cents to settle at $3.0954 per gallon. Natural gas gave up 31.3 cents to settle at $4.331 per 1,000 cubic feet.
In London, Brent crude lost $10.39 to settle at $110.80 per barrel on the ICE Futures exchange.
The U.S. dollar rose strongly against the euro Thursday after the European Central Bank's president declined to signal that interest rates would rise again next month. Oil, which is traded in dollars, tends to fall as the greenback rises and makes crude barrels more expensive for investors holding foreign money.

can anyone tell me if their TDI indicator inputs are as following

rsi period 13
rsi price 3
volatility band 34
rsi price line 2
rsi price type 0
trade signal line 7

i had identical charts on 2 different computers, i noticed that although were the same one TDI line was different than the other, the one item that made a difference and made them identical was was rsi price was 0 on one and 3 on the other, can someone check theirs and see if theirs is 3 or 0

trade no 2 aud usd
ok so I had not seen your post about 3 candle rule when I placed this trade and I could have gone for more pips I think . placed 3 trades and took 30 each. so up 59 from first trade and 90 on this one. My point is getting into the right trades. at the right time still a bit slow there. I am re reading the tread today. pips will come next week.
Thanks to all keep the comments coming and we all learn ( and make money at the same time, I like it )

all ok but rsi price should be zero.

could not agree with you more
thank you Big E and your team of helpers
evo.

thanks Dean,

eel, the grains are also tanking....corn wheat soybeans etc