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Trading Made Simple

  • #1,901
  • May 9, 2011 7:00am May 9, 2011 7:00am
Quoting 33drifter
haha yep,

im also just looking at my account history, im not seeing too many large trades. everyone always posts the big winners, but you seldom hear about the small ones.

looking at my past trades, ive closed out almost all of them at around break even after they have made a move of around 15 pips and then retraced to my entry point, causing the TDI to go flat. if i had just set a hard TP of 10 pips id have a larger account size at the moment but i would have missed 2 trades of around 40 pips each.
Are you closing trades every time the TDI goes flat or changes, no matter if it's at the start of a candle or not? Because you are only supposed to make an entrance or exit based on that on the opening of every candle.

If you get out at every TDI move no matter where it is, in middle of candles ect., you are going to get faked out of a lot of trades that would have run into bigger wins. IMO that is the real power of this method, it helps you to let winners run and cut loser short.

That is how you get a big move, by letting it run at least to the opening of the next candle.

P.S. nothing wrong with taking smaller profits, but that is how the method is supposed to be done, and how you get the larger wins.
  • #1,902
  • May 9, 2011 7:23am May 9, 2011 7:23am
Quoting cce
Morning,
Of the 2 trades you mentioned that would have gone 40 pips or so, did they offer a reentry opportunity?

On those 2 trades i actually got the 40 or so pips before the TDI went flat. i just dont get many of them.
  • #1,903
  • May 9, 2011 7:35am May 9, 2011 7:35am
Quoting KumoDragon
Are you closing trades every time the TDI goes flat or changes, no matter if it's at the start of a candle or not? Because you are only supposed to make an entrance or exit based on that on the opening of every candle.

If you get out at every TDI move no matter where it is, in middle of candles ect., you are going to get faked out of a lot of trades that would have run into bigger wins. IMO that is the real power of this method, it helps you to let winners run and cut loser short.

That is how you get a big move, by letting it run at least to...
I do refresh the TDI mid candle but i only enter and exit as per the rules on the open of the new candle. im finding most of my trades have good moment to start with but they seem to fade and retrace a little towards the end of the candle which can give a flat TDI, so i exit with 1 or 2 pips in the bank. the currency pair will often continue on to make what would have been a good profit but there are many flat spots along the way.

i think i need some more patients and ill look for a hook on the tdi more so than just a flat spot
  • #1,904
  • May 9, 2011 7:41am May 9, 2011 7:41am
Dean,

Your Aussie trade is starting to look good, are you still in?
  • #1,905
  • May 9, 2011 7:53am May 9, 2011 7:53am
Quoting adeforex
Quite an interesting system, dude. I dedicated my weekend to read the whole thread. I...
from the original thread, try these...vince
Attached File(s)
File Type: mq4 xTDI-Histo v1.10.mq4   20 KB | 1,072 downloads
File Type: mq4 xTDI Strong-Histo v1.00.mq4   9 KB | 1,050 downloads
  • #1,906
  • May 9, 2011 8:03am May 9, 2011 8:03am
Quoting 33drifter
Dean,

Your Aussie trade is starting to look good, are you still in?
No I got out. On my screen the tdi looked to have flattened and as you can see the candles are small and the 3rd one looked really weak to me so I got out. Only with 4 pips in the end. But I am not unhappy. Two trades today for 16 pips and no losses. Would be more than happy to do that everyday.
I think I also have your problem. May need to let the trade run a bit even though the tdi is flattening. Actually now I come to think of it I remember a post where Big E says ts not necessarily a direct sign to get out....just a sign that something is changing so keep an eye out. Maybe you and I have to remember that in future. Its also possibly why we shouldnt refresh the charts (although I find it almost impossible not to).
Important thing for me today was no losses. My aim this week is to cut out bad trades and try and get the strike rate up there. I also want to concentrate on trying to get a set and forget trade pattern going with a fixed R:R so I am recording my max draw down in each trade. Did you get out of the US/CHF?
  • #1,907
  • May 9, 2011 8:06am May 9, 2011 8:06am
Quoting 33drifter
I do refresh the TDI mid candle but i only enter and exit as per the rules on the open of the new candle. im finding most of my trades have good moment to start with but they seem to fade and retrace a little towards the end of the candle which can give a flat TDI, so i exit with 1 or 2 pips in the bank. the currency pair will often continue on to make what would have been a good profit but there are many flat spots along the way.

i think i need some more patients and ill look for a hook on the tdi more so than just a flat spot
As per the rules a flat TDI is an exit, I wouldn't wait for a hook to get out, you'd most likely end up giving even more pips back.

Also, remember that the rules state to get in at the start of candle 1 or 2. So, if you let candle 1 or 2 run before getting in, you are going to be in late and make less pips.

Also IMO, 1 candle entries are the best to make the most pips, as it's the start of the move. (if there is a move) No reason to miss them either as you all you have to do is be around for the start of every 4H (or 1H if you are doing smaller time frames)

What time frames are you trading?
  • #1,908
  • May 9, 2011 8:13am May 9, 2011 8:13am
Drifter I should have stayed with the AUD trade, but I am back in as its now looking good for a 4 hour trade. 2nd candle looks strong and its below the resistance to the left so it could make a really good run for it. No news coming up either. what do you guys reckon??
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  • #1,909
  • May 9, 2011 8:19am May 9, 2011 8:19am
Drifter I should have stayed with the AUD trade, but I am back in as its now looking good for a 4 hour trade. 2nd candle looks strong and its below the resistance to the left so it could make a really good run for it. No news coming up either. what do you guys reckon??
  • #1,910
  • May 9, 2011 8:24am May 9, 2011 8:24am
Quoting dean
Drifter I should have stayed with the AUD trade, but I am back in as its now looking good for a 4 hour trade. 2nd candle looks strong and its below the resistance to the left so it could make a really good run for it. No news coming up either. what do you guys reckon??
I like EU and GU better for shorts. In them both off hourly entrances. AU is currently above a pivot. So, that's why I personally passed on it.

It could work out good though, the three can often move in the same direction. If it goes past the pivot @ .06998 it might go really good.
  • #1,911
  • May 9, 2011 8:25am May 9, 2011 8:25am
Quoting KumoDragon
As per the rules a flat TDI is an exit, I wouldn't wait for a hook to get out, you'd most likely end up giving even more pips back.

Also, remember that the rules state to get in at the start of candle 1 or 2. So, if you let candle 1 or 2 run before getting in, you are going to be in late and make less pips.

Also IMO, 1 candle entries are the best to make the most pips, as it's the start of the move. (if there is a move) No reason to miss them either as you all you have to do is be around for the start of every 4H (or 1H if you are doing smaller...

Thanks Kumo,

im trading the H1, i think dean has reminded me of something important that Big E said, a flat TDI can be used as a warning sign and not strictly an exit.

Also Kumo, if you dont mind can you please post a chart of a 1st candle cross. i dont recall seeing one.
  • #1,912
  • May 9, 2011 8:29am May 9, 2011 8:29am
Quoting dean
Did you get out of the US/CHF?
yeah TDI went flat so i got out at BE, looks like its getting pretty close to where my 30pip TP was too.

P.S. still setting SL around colour change with no real threats so far
  • #1,913
  • May 9, 2011 8:29am May 9, 2011 8:29am
Quoting KumoDragon
I like EU and GU better for shorts. In them both off hourly entrances. AU is currently above a pivot. So, that's why I personally passed on it.

It could work out good though, the three can often move in the same direction. If it goes past the pivot @ .06998 it might go really good.
she's gonna make it she's gonna make it
  • #1,914
  • May 9, 2011 8:31am May 9, 2011 8:31am
Quoting 33drifter
Thanks Kumo,

im trading the H1, i think dean has reminded me of something important that Big E said, a flat TDI can be used as a warning sign and not strictly an exit.

Also Kumo, if you dont mind can you please post a chart of a 1st candle cross. i dont recall seeing one.
Ya, it's judgment at the flat TDI. Myself if I'm down a little I'll just get out. If I'm up a little i'll set SL to either BE or some pips postive. If I'm up a decent amount I lock in pips behind resistance and round numbers or my initial risk if possible.

Don't really need too post a chart of a 1 candle cross. All you need to do is be at your charts for the start of a 4H or 1H candle and you'll see one soon enough.
  • #1,915
  • May 9, 2011 8:32am May 9, 2011 8:32am
Quoting 33drifter
yeah TDI went flat so i got out at BE, looks like its getting pretty close to where my 30pip TP was too.

P.S. still setting SL around colour change with no real threats so far
its more important to me that it keeps me out of bad trades....we know it gives us good ones.
  • #1,916
  • May 9, 2011 8:38am May 9, 2011 8:38am
Quoting KumoDragon
Don't really need too post a chart of a 1 candle cross. All you need to do is be at your charts for the start of a 4H or 1H candle and you'll see one soon enough.
just did a bit of back tracking and found a few for myself, i never seem to come across them while im trading
  • #1,917
  • May 9, 2011 8:55am May 9, 2011 8:55am
I have found for themselves another rule ... greed to kill and to be winning ... I put down today is a feeling and as a result:
USD/CAD H4 buy +32 pips
EUR/USD H1 sell +21 pips
= 53 pips
  • #1,918
  • May 9, 2011 9:19am May 9, 2011 9:19am
Never gonna trade sundays ever again.. three valid crosses, None of them played out as they all turned around on me.

Good thing this is just demo
  • #1,919
  • May 9, 2011 9:23am May 9, 2011 9:23am
Post charts of your failed trades (marking your entry) we might be able to help you
  • #1,920
  • May 9, 2011 9:28am May 9, 2011 9:28am
Quoting 2scoops
Post charts of your failed trades (marking your entry) we might be able to help you

If I post all my failed trades we would need a new tread
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