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  • #1,601
  • May 5, 2011 11:03pm May 5, 2011 11:03pm
Quoting dean
davlo it might be worth having another read from the start. 3rd candle is a no trade and you exit when the TDI is levelling not the stoch
thanks Dean, waht about the ema, does it have to be in the same direction as the tdi and stoch?
  • #1,602
  • May 5, 2011 11:07pm May 5, 2011 11:07pm
Quoting davlo
thanks Dean, waht about the ema, does it have to be in the same direction as the tdi and stoch?
Dean, please look at the chart, i went long on this one, the stoch and tdi are correct but the ema was still down, is this a good trade



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  • #1,603
  • May 5, 2011 11:11pm May 5, 2011 11:11pm
Quoting GeraldFX
Does BigE still use the stoch? I noticed recently his charts have no stoch. Or am i wrong.
Yes he does for confirmation of direction only, he looks for both to be pointing in the same direction and at a good angle
  • #1,604
  • May 5, 2011 11:14pm May 5, 2011 11:14pm
I re read some of the pass threads and noted that some of the screenshots at he beginning of this thread are self destruct. This is probably the user is unaware that particular software is a trial version. The charts below shows the effects. Probably don't use those that has a watermark on the chart.

This is not helpful to new readers following this forum and will degrade the quality as well.

I an using MWSnap which is free and available at the site or you can download here.
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Click to Enlarge Name: jetScreenshot 2.jpg Size: 43 KB
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File Type: zip MWSnap300.zip   620 KB | 1,003 downloads
  • #1,605
  • May 5, 2011 11:16pm May 5, 2011 11:16pm
Its not critical for the ema to be trending upwards with the TDI, it just gives a higher probability if it is. So if you have the TDI, the stoch and the ema all pointing the same direction its a higher probability trade.
Its the tdi you take your entry from.
Only enter on candle 1 or 2, not 3.
THe problem I have with this trade is that the tdi seems pretty flat. THe green line on the tdi needs to be pointing to 12 - 2 o clock for a buy trade and 4-6 o clock for a sell. THis is crucial.
Personally I would get out of that trade if you are ahead. The tdi is nearly flat and looks to have been when you entered. Probably shouldnt have gone with that one.
Be careful trading anything today there is a heap of news coming out. Check your forex factory calendar and beware if you have trades on.
  • #1,606
  • May 5, 2011 11:18pm May 5, 2011 11:18pm
Long on A/U @ 1.06980, Long on Chf/jpy @ 92.63, and short Usd/Cad @9650
Based on 4Hr TDI cross and stoch confirmation.
  • #1,607
  • May 5, 2011 11:25pm May 5, 2011 11:25pm
Quoting dean
Its not critical for the ema to be trending upwards with the TDI, it just gives a higher probability if it is. So if you have the TDI, the stoch and the ema all pointing the same direction its a higher probability trade.
Its the tdi you take your entry from.
Only enter on candle 1 or 2, not 3.
THe problem I have with this trade is that the tdi seems pretty flat. THe green line on the tdi needs to be pointing to 12 - 2 o clock for a buy trade and 4-6 o clock for a sell. THis is crucial.
Personally I would get out of that trade if you are ahead. The...
Dean,

thank you so much for the info, i really appreciate this thread and all who contribute, thanks again to you and Big E
  • #1,608
  • May 5, 2011 11:26pm May 5, 2011 11:26pm
us/cad against the daily trend, flat tdi angle and heaps of news coming out tonight, au/us again watch the news and there is a heap of resistance to the left on your PA...its stalled at this price. I dont look at the other one
  • #1,609
  • May 5, 2011 11:28pm May 5, 2011 11:28pm
Quoting 2scoops
Yes he does for confirmation of direction only, he looks for both to be pointing in the same direction and at a good angle
2scoops, has any rule been devloped after the stoch goes beyond it's range of 20-80 ( red zone )....All i've read is just be ware,but at the same time. It could run another 100 pips...... Or is that like no mans land?
  • #1,610
  • May 5, 2011 11:29pm May 5, 2011 11:29pm
You're very welcome but this is just how I see it, dont take my word for it, we all see it and trade it differently and thats just how I see it. I wish you luck whatever you do.
  • #1,611
  • May 5, 2011 11:30pm May 5, 2011 11:30pm
Quoting d_narrow
http://www.worldtimebuddy.com/?lid=5...8581,2643743,0

use this link to convert to your local time or to wherever time you need it.

really easy and convenient. no more confusion.

Eelfranz uses Pacific Time (equivalent to Los Angeles time on the top)
Thanks buddy.
  • #1,612
  • Edited 11:55pm May 5, 2011 11:33pm | Edited 11:55pm
Quoting dean
us/cad against the daily trend, flat tdi angle and heaps of news coming out tonight, au/us again watch the news and there is a heap of resistance to the left on your PA...its stalled at this price. I dont look at the other one
Watch the USDIndex,( oil and gold down too) it had a brake out today after the US unemployment and it's UP at 74.00 .. dollor may have a kick now!.. Cuz up means down and bad= Good...right?

http://www.fxstreet.com/rates-charts/usdollar-index/
  • #1,613
  • May 5, 2011 11:55pm May 5, 2011 11:55pm
saw this thread yesterday and decided to check it out.. took 4 trades this morning around 9 est. just to test on demo.

All 4 were positive for around 100 pips total.

Cheers I think I've finally found a simple system that is proven. Love all the posts that I have read knowing people are very happy with the results.

Even coming from the j16 forums I can now incorperate everything I learned to a simple and easy platform!!
  • #1,614
  • May 6, 2011 12:02am May 6, 2011 12:02am
I can't find a trade, cya all later...Good luck!
  • #1,615
  • May 6, 2011 12:48am May 6, 2011 12:48am
Still don't know where PA stands for...

And what about EMA? E.. Moving Average
  • #1,616
  • May 6, 2011 12:54am May 6, 2011 12:54am
Quoting wickedwin
Still don't know where PA stands for...

And what about EMA? E.. Moving Average
Price action
Exponential moving average.
If im not wrong
  • #1,617
  • May 6, 2011 12:56am May 6, 2011 12:56am
Hi Wickedwin
PA means Price Action
ie where the price is moving
EMA means Exponential Moving Average

arasheed
  • #1,618
  • May 6, 2011 1:02am May 6, 2011 1:02am
Quoting dean
us/cad against the daily trend, flat tdi angle and heaps of news coming out tonight, au/us again watch the news and there is a heap of resistance to the left on your PA...its stalled at this price. I dont look at the other one
Dean,
What do you observe in daily chart to confirm the trend?
  • #1,619
  • May 6, 2011 1:09am May 6, 2011 1:09am
Hi Wickedwin
Don't mean to be obnoxious, but for your own benefit, I think it would be a good idea if you had a peak at babypips.com. It is an excellent exercise most people do before starting out in the "real world of trading'. They describe all the terminology in plain English, easy to understand and does not take all that long to complete.

Only trying to help!
Good Trading to all! http://www.forexfactory.com/images/icons/icon12.gif
Pete
  • #1,620
  • May 6, 2011 1:46am May 6, 2011 1:46am
Quoting N Subramania
Dean,
What do you observe in daily chart to confirm the trend?
I have learnt on this forum that it is a good idea to check the overall trend by switching up to the daily chart and checking.
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