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Trading Made Simple

  • #1,821
  • May 8, 2011 9:09pm May 8, 2011 9:09pm
Quoting fx26
Hi Babnz48,
I am long on this one too. There is also a hidden bullish divergence between PA and TDI.
Glad I'm not the only one on it we will be both right or both wrong (at least I won't be the only one in trouble ) looking for TP 0.8175 just wait and see now
  • #1,822
  • May 8, 2011 9:17pm May 8, 2011 9:17pm
Alien Frog...

Your Question:

Question: So the "third candle no trade rule" means the third RED (or blue) candle in a row? Yes... only enter on candle 1 or 2. On candle 3 and above pass and watch for a possible bounce trade...


I though it meant the "third candle after the signal." I would just ask for confirmation on that since it's a significant point and I don't want to misunderstand the rules. Thanks again!

DyeKid, thanks for posting your chart. I'm watching this trade. The new candle just opened. The green lines in both charts just went flat. That means exit, right? RIGHT
  • #1,823
  • May 8, 2011 9:20pm May 8, 2011 9:20pm
about 9 hours ago Eelfranz was asked about Sunday trading. He replied that he never trades on Sundays because he feels the market is unstable.......
  • #1,824
  • May 8, 2011 9:41pm May 8, 2011 9:41pm
I try to draw vertical line to monitor entry point during TDI cross, but the line disappear after few seconds...

What setting should i change in MT4 so that the drawing line stay there?
  • #1,825
  • May 8, 2011 9:42pm May 8, 2011 9:42pm
I get a little frustrated when people keep adding stuff and then posting it on the forum. I repeatedly ask others to PM others on the thread with the new ideas and not posting them. At least PM me with their ideas...

The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...

I don't care what the red TDI line is doing.

Did Stoch's confirm the TDI signal between the 20-80 lines...?

The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...

If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles...

All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work ![/quote]

I thought I would repost this, just because.......Thanks Eelfranz!!!
Good Luck to all this week!
Chilly
  • #1,826
  • Edited 9:54pm May 8, 2011 9:43pm | Edited 9:54pm
Babnz.... 1812

Always look at the TDI angle... 12-2 or 4-6 on a clock. If it's a weak 2 or 4 o'clock position... don't take the trade...

On Post 1816... Stoch's is not confirming the TDI and you have small candles...
  • #1,827
  • May 8, 2011 9:50pm May 8, 2011 9:50pm
FX26...

I don't refresh my charts while trading... creates more confusion I think...
  • #1,828
  • May 8, 2011 9:53pm May 8, 2011 9:53pm
Quoting eelfranz

DyeKid, thanks for posting your chart. I'm watching this trade. The new candle just opened. The green lines in both charts just went flat. That means exit, right? RIGHT
If i exited right when the tdi went flat I would have been down alot more than I am now.

Im up 18 pips on eurusd so far.. gonna wait to see where it closes on the 1hr
  • #1,829
  • May 8, 2011 10:17pm May 8, 2011 10:17pm
Quoting eelfranz
Babnz.... 1812

Always look at the TDI angle... 12-2 or 4-6 on a clock. If it's a weak 2 or 4 o'clock position... don't take the trade...

On Post 1816... Stoch's is not confirming the TDI and you have small candles...
points taken thanks. aud usd +18 usd cad +5
  • #1,830
  • May 8, 2011 10:30pm May 8, 2011 10:30pm
I'm gonna call it a night... see you tomorrow....

  • #1,831
  • May 8, 2011 11:33pm May 8, 2011 11:33pm
WOW! I coulda been somebody!
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  • #1,832
  • May 8, 2011 11:34pm May 8, 2011 11:34pm
made 14 pips but lost 7 on a late trade.

gonna call it a night.. and also gonna stay away from trading sundays
  • #1,833
  • May 8, 2011 11:39pm May 8, 2011 11:39pm
Hi everyone or Eelfranz (when you wake up and read this),

If I enter on the #1 candle, of course I don't know how big is that #1 candle as it is still forming.

So, when we enter on #1 candle, we put aside analysis on "how big is the #1 candle consideration"?

thanks.
  • #1,834
  • May 8, 2011 11:52pm May 8, 2011 11:52pm
Quoting mbah_sangkil
Hi everyone or Eelfranz (when you wake up and read this),

If I enter on the #1 candle, of course I don't know how big is that #1 candle as it is still forming.

So, when we enter on #1 candle, we put aside analysis on "how big is the #1 candle consideration"?

thanks.
I'd say, basic Forex rules can't be forgoten..ie Huge rejection candle @ S/R. This is a reversal (1 or 2 candles ) or continuance method (2 or more w/ bounce).
  • #1,835
  • May 9, 2011 12:04am May 9, 2011 12:04am
I see no valid 4hr trades at the moment, and with BigE's no trade Sunday rule (or early Monday as it is here in the UK) - i'm waiting until the next candle
  • #1,836
  • May 9, 2011 12:11am May 9, 2011 12:11am
Quoting 2scoops
I see no valid 4hr trades at the moment, and with BigE's no trade Sunday rule (or early Monday as it is here in the UK) - i'm waiting until the next candle
2 scoops,
Just testing something. I am in Australia and my next 4 hour candle opens in about 50 minutes...is yours the same??
  • #1,837
  • May 9, 2011 12:14am May 9, 2011 12:14am
time differences between the brokers, some compensate for British summer time.
  • #1,838
  • May 9, 2011 12:15am May 9, 2011 12:15am
Quoting 2scoops
I see no valid 4hr trades at the moment, and with BigE's no trade Sunday rule (or early Monday as it is here in the UK) - I'm waiting until the next candle
I concur, 2scoops, check out silver @ S/R, may make a push or pull on usd. Gona take a nap here on the west coast...gl
  • #1,839
  • May 9, 2011 12:17am May 9, 2011 12:17am
Just took this short any comments please
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  • #1,840
  • May 9, 2011 12:18am May 9, 2011 12:18am
Quoting Chillypiper
I concur, 2scoops, check out silver @ S/R, may make a push or pull on usd. Gona take a nap here on the west coast...gl
wish I could nap more, i'm off to work soon...
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