The one thing new traders must realize is that the TDI will look more angled once price continues to move in one direction. This is where experience and hours of screen time comes into play. So initially, the green TDI might have crossed above the red on the 1 hour (if price is bullish), however price might be consolidating sideways and the green TDI is flat, pointing at the 3 oclock direction. So you could be looking at it and thinking, "Hmmm..the TDI is flat and thus no trade". Then all of a sudden right before the next hour clicks over, price runs up 30-40pips and of course pulls the green TDI north and then the next bar clicks over with price above - 50pips away from the actual TDI cross. Now when you look at your screen, the green TDI is angled at the cross - and not flat - as it initially was at the time of the actual cross. Herein lies the dliemma. You can go back and review prior TDI crosses, or Stoch's or any other indicator for that matter and if price moved in the direction of the cross , it will look picture perfect, when in fact, the indicator could have been flat at the time of the cross....so just make sure you have two charts in front of you, a candlestick chart showing actual price and the HA charts showing trend strength and by gaining the experience of looking at both charts and seeing how price reacts in real-time the moment the shift in momentum occurs, you will get a much better "feel" for true movements as opposed to fake-outs...just some thoughts I wanted to share....have a great weekend everyone.
Just noticed my charts looked different from what you guys were using. Thanks to all the charts being posted I was able to make a correction. Keep them charts coming.
Compounding is good but for new people, pls do not do this until you know what you are doing. It may do you more harm than good if you are not conscious of what you are doing eg: when losing and throwing more lots to back losses because you were not aware Mr Greed was at the door.
Ignored
I don't mean to sound rude or argumentative, but....
Compounding doesnt increase risk to the account unless...
1. Your risk is way to high..... 5-10% per trade, then small losses are still huge losses.
2. You don't decompound with each and every loss. Otherwise you are compounding your losses heavily.
Say the risk you've decided is 1% per trade and you win a dozen large and small trades in a row. The risk is still only 1% of the total account per trade.
Even if you are not quite sure what you are doing, you are hamstringing your ability to grow your account if you don't compound.
Compounding will only hurt you if you let losers run on and on past intial percentage risk hoping it will come back and forget to decompound when you get multiple losses in a row.
Just noticed my charts looked different from what you guys were using. Thanks to all the charts being posted I was able to make a correction. Keep them charts coming.
Ignored
Trade your own charts at all times, otherwise it'l bite you in the ass down the road.
If it's an angle on the TDI you are talking about looking different, zoom all the way in and then two out.
Please excuse me for grammatical mistakes, i do not speak English and is very hard to write. The system is awesome but after a few checks on the forum I noticed that is identical to thv Trix. You can use the Trix and TDI in parallel you will notice some differences to consider, good, I want to provide information that will in my view is incredible
Change
->>>> Stoch FULL DATA WITH NEXT-K21, D9, SLOW9, CLOSE, CLOSE, SIMPLE MA.
, the next thing to add to the map is coral from thv and will enter into transactions only above or below coral for buy or sell -is verry important this and dont forget .
I changed a little this system can take full advantage of market movement
1. TDI suggests a down move (cross + nice slope) [-]
2. Overall weekly trend is UP [+]
3. Last weekly candle breaks below the trend line but is still the FIRST [+][-]
4. July '10 highs and Jan-Feb highs looks to me as good support [+]
D1 Chart:
1. TDI is making a flat bottom
2. STOCH is OS for the whole week and more [+]
3. Overall trend UP [+]
4. Price closed below trend several times [-]
5. Good Support (1-7 Apr, 19 Apr lows) [+]
6. Haiken Ashi last 2 bars contracting (upward) [+]
On top of this recent fundamentals should be taken into account (EURO is under pressure) [-].
All in all I would stay aside for couple of days or at least wouldn't bet on immediate down move. Rather, I'll catch upward moves, but with caution.
I don't mean to sound rude or argumentative, but....
Compounding doesnt increase risk to the account unless...
1. Your risk is way to high..... 5-10% per trade, then small losses are still huge losses.
2. You don't decompound with each and every loss....
Ignored
I understand what you are trying to say, but i am telling the new people that when they compound on bigger lot size and not able to manage their emotions on the bigger lot size losses can be a disaster. How often do you find people sticking to their trading plan? Not even easy for me.
Lets not get into this or we may turn the discussion away.
Out of this chart (lets asume week bar is closed and we do have a down cross), are you gonna jump for a down move ot not?
Hint: Check out Daily timeframe
Ignored
It looks good.
1. Reversal candle
2. DIV on stoch
3. First target is trendline & TDI flattens (around 1.5977)
4. If TDI hooks, possible H&S for bigger bearish outlook.
i have a problem in this system about exits. for example my profit goes up to 15 pips and still green is looking upwards. however, until it is seen flat, i already lose my profit, moreover the position became a loss.
i have a problem in this system about exits. for example my profit goes up to 15 pips and still green is looking upwards. however, until it is seen flat, i already lose my profit, moreover the position became a loss.
Ignored
If you could show some charts, maybe we can advise better.
i have a problem in this system about exits. for example my profit goes up to 15 pips and still green is looking upwards. however, until it is seen flat, i already lose my profit, moreover the position became a loss.
Ignored
What time frame are you trading on?
Anything less that 1H the pip gains will be much smaller and you'll have to lock in profit before a retrace.
If you are on a larger time frame watch the retraces and round numbers for retraces, lock in profits.
Also trade with the dominate/trend direction. If you aren't the moves will be much smaller.
I chose my time frame (set my trades at 9:30 p.m. mountain standard
time) which is 4 or 5 a.m. London time. Because I have to be at work
at 10:00 p.m. and I work entil 6:00 a.m. That's the best I can do.
If I had my drothers I would set my trades at 7:30 a.m. London time
which is about 11:30 p.m. mountain time. That way you would get
in on the opening of the London time (probably best at 7:45 a.m.
London time).
After work 6:00 a.m. mountain time I have the option of day trading
the markets (1 hour time frame) or setting another round of trades
for the New York open and going to bed and get up at 4:00 p.m.
to see how I did.
I like the idea of making more money while I'am at work. And, making
money while I'am sleeping. And, making money while I'am riding my
motorcycle or just plain playing.
I day traded the markets for years and I believe that the big boys
are gunning for you on the 1m, 5m and 15minute charts. The 4 hour
chart and the daily chart are the safest way to trade imo.
After much thought I just want to make money. That's why I'am here.
I could care less about sitting in front of the computer 8 hours a day
trading the markets. Just let me set my trades and send me the
checks.
I chose my time frame (set my trades at 9:30 p.m. mountain standard
time) which is 4 or 5 a.m. London time. Because I have to be at work
at 10:00 p.m. and I work entil 6:00 a.m. That's the best I can do.
If I had my drothers I would set my trades at 7:30 a.m. London time
snarlyjack
Ignored
I love how you keep it simple. In london time, when are your 4 hour candles closing before the London open? It sound like you enter mid candle? Can you explain this a little more?
Your right I enter mid candle when the markets are very quiet
and I make money.
I try very hard to determine the trend and once I feel comfortable
with the trend I place my trades. I'll make the 4 hour chart
as small as possible and try to get a trend direction and look
for support levels.
Remember that trading is both a science and an art. You need to
develop a feel for the markets and visualize where they are going.
The big money is made in riding the trend. Not trading each bar
for 15 pips.
Your right I enter mid candle when the markets are very quiet
and I make money.
I try very hard to determine the trend and once I feel comfortable
with the trend I place my trades. I'll make the 4 hour chart
as small as possible and try to get a trend direction and look
for support levels.
snarlyjack
