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Trading Made Simple

  • #2,061
  • May 10, 2011 9:19am May 10, 2011 9:19am
Quoting Incrediblle
Please look at the TDI angle and tell me does it means to exit long trade?
no it just means that something is changing so beware...watch your PA and if it flattens more I would get out
  • #2,062
  • May 10, 2011 9:20am May 10, 2011 9:20am
Quoting chewz
Hi guys, big e,

wow this thread has exploded since you moved forums. Havent posted in the new one yet so thought I should. Just wanted to show all new people my trades from the past few weeks. Ive never experienced success like it! it really works

http://oi54.tinypic.com/2r5x0cz.jpg
Great trading chewz:

What do you think was the key to making this method really work for you? any SL, TP tips or key things that have helped you?

What key forex basics do you check?
  • #2,063
  • May 10, 2011 9:36am May 10, 2011 9:36am
I believe the best tactic is exiting when TDI goes flat. Its been said many times but I never used to trade like this, and always accepted a large loss with a hard stop. There will be days even leading to weeks sometimes when the market is 'niggly'. Doesn't know where it wants to go and you'll be entering trades and exiting soon after, and this can go on for a few days.

When this happens just stick with it, you'll either make a small amount of pips, lose a small amount or break even on these trades. But coming anytime soon will be a big fat juicy move that you can ride all the way just by watching tdi. Most of the time you'll also get a re-bounce and once again you can enter and make lots more pips.

If you're smart, during the up and down/niggly periods you'll be able to spot the channel and instead of using TDI to tell you when to exit, have a small take profit so you always take something away with you. Once the market breaks out its channel, go back to normal style trading using the TDI to confirm exits.
  • #2,064
  • May 10, 2011 9:42am May 10, 2011 9:42am
Quoting chewz
I believe the best tactic is exiting when TDI goes flat. Its been said many times but I never used to trade like this, and always accepted a large loss with a hard stop. There will be days even leading to weeks sometimes when the market is 'niggly'. Doesn't know where it wants to go and you'll be entering trades and exiting soon after, and this can go on for a few days.

When this happens just stick with it, you'll either make a small amount of pips, lose a small amount or break even on these trades. But coming anytime soon will be a big fat juicy...
Thanks - good advice
  • #2,065
  • May 10, 2011 9:57am May 10, 2011 9:57am
why was this one a wrong entry?
I had entered short trade before the last part (looking upwards) came.
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  • #2,066
  • May 10, 2011 10:04am May 10, 2011 10:04am
Quoting pigwiddeon
why was this one a wrong entry?
I had entered short trade before the last part (looking upwards) came.
looks like that pair in consolidation, you entered right at an even .7900 or close enough and if you like left of the PA you will see the heavy support at this point, plus your stoch was not confirming
  • #2,067
  • May 10, 2011 10:07am May 10, 2011 10:07am
Chewz, i pray for your contiued success, thanks for this data
Quoting chewz
Hi guys, big e,

wow this thread has exploded since you moved forums. Havent posted in the new one yet so thought I should. Just wanted to show all new people my trades from the past few weeks. Ive never experienced success like it! it really works

http://oi54.tinypic.com/2r5x0cz.jpg
  • #2,068
  • May 10, 2011 10:24am May 10, 2011 10:24am
Chewz

Impressive results.....well done.
Can I ask which time zone you are in? I'm looking at the timings of the trades in your account statement. Are they local times for you?

I'm in the UK so dont have to sleep during Frankfurt or London trading hours.

GG
Now trading live
  • #2,069
  • May 10, 2011 10:30am May 10, 2011 10:30am
Quoting chewz
I believe the best tactic is exiting when TDI goes flat. Its been said many times but I never used to trade like this, and always accepted a large loss with a hard stop. There will be days even leading to weeks sometimes when the market is 'niggly'. Doesn't know where it wants to go and you'll be entering trades and exiting soon after, and this can go on for a few days.

When this happens just stick with it, you'll either make a small amount of pips, lose a small amount or break even on these trades. But coming anytime soon will be a big fat juicy...
Chewz are you happy to trade the 4HR any time of day?
  • #2,070
  • May 10, 2011 10:31am May 10, 2011 10:31am
Quoting dean
looks like that pair in consolidation, you entered right at an even .7900 or close enough and if you like left of the PA you will see the heavy support at this point, plus your stoch was not confirming
why doesn't my stoch confirm? It was sloping downwards
  • #2,071
  • May 10, 2011 10:34am May 10, 2011 10:34am
2nd full day using this system.. I'm realizing to never take a trade against the daily trend.. Never a good result.

here's the 1st trade today off the 1hr. In the same uptrend as h4 and daily
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  • #2,072
  • May 10, 2011 10:35am May 10, 2011 10:35am
Hi everyone,

I'm a noob and I love this thread. I just started trading this system on a demo. I've been through every post and I'm trying to learn as much as possible. sub'd


Quoting chewz
Hi guys, big e,

wow this thread has exploded since you moved forums. Havent posted in the new one yet so thought I should. Just wanted to show all new people my trades from the past few weeks. Ive never experienced success like it! it really works

http://oi54.tinypic.com/2r5x0cz.jpg

chewz,

I noticed that you are trading full lots with a $5000 account. Obviously a successful demo account, but do you use money management? Do you really not use stop losses or is this just your record journal? I'm just asking because I'll be entering 5K into a live account as soon as I feel confident enough with my demo. I want to be that successful! Out of 18 trades posted, you only 3 were losers. Nice work!
  • #2,073
  • May 10, 2011 10:58am May 10, 2011 10:58am
Gg33 Im also from UK and my broker is AlpariUK (+1). 2scoops I trade whenever Im not workin and have free time. Day or night, I dont have a regular pattern. Altho I mainly trade london session.

I trade the exact same trades live as my demo account with a spread betting company, capital spreads. Theres no such thing as mt4 stats for spread betting brokers so I like to keep a log of what Im doing on a demo account too.

The reason I trade with Capital Spreads is because I've been lazy and not set up a live brokers account with Alpari yet, and I want to take Capital Spreads to the cleaners since they've had plenty of money off me in the past . I stake £1per pip for every £1000 I have in with Capital, so I stake £8 per pip.

Id be comfortable staking £2 per pip for every £1000, trading just one market. But thats just me.
  • #2,074
  • Edited 11:45am May 10, 2011 11:20am | Edited 11:45am
Just test it out now. I don't like the US PA right now, but wanted give it a go. Patience I know

Also, this is on the 4th red candle so it may not be a valid trade setup. Can still make 10-20 pips and then back out.

Edit**

Got out +10. I don't like the PA
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  • #2,075
  • May 10, 2011 11:50am May 10, 2011 11:50am
Hi guys. I've been reading and lurking in the shadows here for a few days. Finally finished reading the posts here and on the other thread yesterday. I started taking micro trades yesterday on my live Alpari UK account for training (gives me a more real feel than demo while only risking a pound or two each time). I'm in the UK.

Probably my biggest hurdle is trading on H4 TF and not meddling with the trade all the time. I tried H1 yesterday and today and getting mixed results because I am not leaving the thing alone and not being disciplined. I know I'm messing about at the moment to get a good feel. I am motivated by Chewz' results with H4 and using the same broker so will stick with that TF from now on.

Thanks Big E. Great thread and great contributions. 5 stars.
  • #2,076
  • May 10, 2011 12:21pm May 10, 2011 12:21pm
I attached a chart that I found on the first page of this thread and I marked 3 blue lines that seem to be valid entries but eelfranz didn't highlight them. Can anyone explain if the entries at the blue lines are valid or not ? Thank you
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  • #2,077
  • May 10, 2011 12:33pm May 10, 2011 12:33pm
Hi all I'm also a novice at trading....
Zr-fx, I'm in a similar boat as you. I have a micro account with Alpari.

I definitely wasn't prepared psychologically or in trading techniques and I paid (quite literally) a high price.

So I really like the concept of the H4 trading. Slows things down, takes a lot of the emotion out of it. Was reaching a point of throwing the towel in when I found this thread and had to sign up.

Have gone back to my demo account to test this out and I am seeing the potential. Just need to work on discipline and patience!

Thanks Eelfranz and all others for sharing your knowledge.
  • #2,078
  • May 10, 2011 12:38pm May 10, 2011 12:38pm
Quoting mlambole
I attached a chart that I found on the first page of this thread and I marked 3 blue lines that seem to be valid entries but eelfranz didn't highlight them. Can anyone explain if the entries at the blue lines valid or not ? Thank you
Hi mlambole,
It is very clear to me why eelfranz did not mark those positions as entry points. I think you either do not understand the method or you are reading something completely different into the method. Perhaps if you want to explain in your own words what your reason for thinking that the positions your have marked as possible entry points, we could help you in the right direction.

Eager to help!
Pete
  • #2,079
  • May 10, 2011 12:43pm May 10, 2011 12:43pm
Quoting pete123
Hi mlambole,
It is very clear to me why eelfranz did not mark those positions as entry points. I think you either do not understand the method or you are reading something completely different into the method. Perhaps if you want to explain in your own words what your reason for thinking that the positions your have marked as possible entry points, we could help you in the right direction.
...
Hi pete,

From what I understood one must enter when the green line crosses the red line on the TDI indicator. At the 3 places where I put the blue lines the green line just crossed the red line, the second blue bar it's not perfect but on the first blue bar and third blue bar the green line clearly crossed the red line. This is the reasoning behind those blue bars. What am I missing ? Thanks for helping
  • #2,080
  • May 10, 2011 12:51pm May 10, 2011 12:51pm
Went in on sunday: buy usdjpy.. in my eyes a perfect entry setup. On the opening of the candle on sunday it was blue.. after it closed it turned red.

Small loss of -57 pips. Eurusd (weekly) is doing better.

Waiting for maybe a new entry on the usdjpy, since it starts forming a blue candle again.. waiting for the next candle for a confirmation and to verify the TDI angle. (now between 2-3) which is not convincing me enough atm.

In attachment entry and exit of the usdjpy trade.
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