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  • #3,761
  • May 24, 2011 1:38pm May 24, 2011 1:38pm
Yes and i see that entry is in the end of 2 nd candle or open on 3rd candle. Kumo is right. Most important thing is looking for momentum (angle of green TDI, candle size, then stochastic etc...)

Quoting 2scoops
If he entered at the start of candle 2 (as I assuming that red line indicated on his chart) then he is ok, if he entered at the end of candle 2 or on candle 3 then yes he was too late.

Davlo - can you clarify when you entered?
  • #3,762
  • May 24, 2011 1:39pm May 24, 2011 1:39pm
Quoting cmeldatrader
this is what i am talking about. Your trade is late.
no its not i sold at the end of second candle, im only shooting for the daily pivot which will be 10 to 12 pips
  • #3,763
  • May 24, 2011 1:41pm May 24, 2011 1:41pm
Quoting davlo
no its not i sold at the end of second candle, im only shooting for the daily pivot which will be 10 to 12 pips
too late then - should be in at the start of candle 2.

We enter at the start of the candle as soon as we see a cross, we don't wait for the candle to close to confirm the cross.
  • #3,764
  • May 24, 2011 1:43pm May 24, 2011 1:43pm
I'll try to explain myself. Look at last candle, at the beginning everything was good, but just now I'm losing 10 pips. I'll wait to the end of the candle to judge for continuing or exit the trade. Just IMO
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  • #3,765
  • May 24, 2011 1:44pm May 24, 2011 1:44pm
Quoting davlo
i went short on this one, any thoughts,
Attachment
Davlo, I pretty much trade only H4 and though not particularly a fan of usdjpy, imho. I personally think that taking the trade was ok...just my 2cents.
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  • #3,766
  • May 24, 2011 1:44pm May 24, 2011 1:44pm
Seems to me that if he entered the trade at the open of the bar indicated, there would not yet be a cross on the TDI. Needs to wait until the end of the bar to know if the cross will occur or not.
  • #3,767
  • May 24, 2011 1:49pm May 24, 2011 1:49pm
If he take entry on second candle (open price) then if you can see there has not been any cross tdi. And with momentum green line take own angle (but all time it is touching) and suddenly close price judge the cross of tdi (but too late - 3rd candle)


Quoting PipsNow
Seems to me that if he entered the trade at the open of the bar indicated, there would not yet be a cross on the TDI. Needs to wait until the end of the bar to know if the cross will occur or not.
  • #3,768
  • May 24, 2011 1:50pm May 24, 2011 1:50pm
Quoting eelfranz
Klops...

[font=Comic Sans MS][size=3][color=blue]I generally quit trading at 6am Pacific (9am est). Why? The market might cook some for the next hour or two but unless there is a hot news announcement during the day... the market pretty much peters out and ranges... I don't want to be trading in that junk. [u]Thats where dealers make most of your money is ranging markets and 5-15 min time frame trading... you got to quit...
Thought I'd repost this BigE doesn't really trade much after 2PM GMT - maybe for a couple of hours on the 1HR charts - so be wary of trading at this time.
  • #3,769
  • May 24, 2011 1:51pm May 24, 2011 1:51pm
I really apologize for so many posts but please understand. I would like to have big confidence in what i am doing and why with Trading made simple (to trade live).
Thank you
  • #3,770
  • May 24, 2011 1:53pm May 24, 2011 1:53pm
Quoting cmeldatrader
If he take entry on second candle (open price) then if you can see there has not been any cross tdi. And with momentum green line take own angle (but all time it is touching) and suddenly close price judge the cross of tdi (but too late - 3rd candle)
It looks like a clear cross on candle 2 on my TDI/charts
  • #3,771
  • May 24, 2011 2:00pm May 24, 2011 2:00pm
Quoting PipsNow
Seems to me that if he entered the trade at the open of the bar indicated, there would not yet be a cross on the TDI. Needs to wait until the end of the bar to know if the cross will occur or not.
I agree, i will give an example, the hourly on the usd/chf had turned red on its candle for a possible short, the RSI had crossed, however the second candle had not closed it lacked 20 minutes, i am very glad i waited because had i entered the candle closed as white and the trade went negative
  • #3,772
  • May 24, 2011 2:02pm May 24, 2011 2:02pm
Quoting olegy
I'll try to explain myself. Look at last candle, at the beginning everything was good, but just now I'm losing 10 pips. I'll wait to the end of the candle to judge for continuing or exit the trade. Just IMO
OK but its not the TMS method - as you stated this is your preference only.
  • #3,773
  • May 24, 2011 2:02pm May 24, 2011 2:02pm
Quoting cmeldatrader
Kumo thanks for answer.
I have read many times this thread but i also check real charts, not historical when everything looks great. And Big E many times spot first entry (vertical line) candle which in real time is always only touching green red. On first candle you will never know if tdi finally cross or not. Everything is about momentum.
Wish you good trades
Regards
Big E wouldn't enter on a touch and call it a cross, it either is a cross or it isn't

Maybe we have a communication problem, but that is simply not true. " On first candle you will never know if tdi finally cross or not"........ I see crosses (green across red/on the otherside) on the first candle all the time.

It's very simple: just wait for the candle to open, there either is a cross or there isn't. It will either be candle 1 or 2 or it won't.
  • #3,774
  • May 24, 2011 2:04pm May 24, 2011 2:04pm
Quoting 2scoops
Thought I'd repost this BigE doesn't really trade much after 2PM GMT - maybe for a couple of hours on the 1HR charts - so be wary of trading at this time.
Thanks 2 Scoops i appreciate everyones feedback
  • #3,775
  • May 24, 2011 2:06pm May 24, 2011 2:06pm
It so simple guys - just click on BigE's profile and read through every post he's made on this thread - you'll get it.
  • #3,776
  • May 24, 2011 2:08pm May 24, 2011 2:08pm
Quoting 2scoops
Plamen,

Kumo is right, BigE judges the candle when we have a cross at its open. He doesn't wait for the candle to close.


Again thanks for your efforts with the TDI:

If you could add an alert that only alerted when you had a cross of a certain angle (number) on the candle open that would truly earn you god like status.
Since my native language is not english I am a bit confused now. "when we have a cross at its open" ?

Are we talking about the angle of the *crossing* leg (signal for entry) or it's about the "after trade" angle that we watch for exits (going flat etc.).

Aren't we entering a trade when (right after) the "crossing" candle closes?

Looks like I should read again. Something is wrong in my mind :-)
Bah...
  • #3,777
  • May 24, 2011 2:09pm May 24, 2011 2:09pm
Quoting cmeldatrader
I really apologize for so many posts but please understand. I would like to have big confidence in what i am doing and why with Trading made simple (to trade live).
Thank you
Download the original template bigE gave you at the start of the thread - you can add plamen's TDI if you want it may help you. We need to try to get our charts at least based on the backbone of the original template peeps.
  • #3,778
  • May 24, 2011 2:13pm May 24, 2011 2:13pm
Here is another example, the 1st candle did not have a cross the second is currently 1/4 through the TF of 1 hr, the second candle has not closed, would i have entered at the start of the second candle not knowing if the final close will actually be a cross because the TDI could still go flat
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  • #3,779
  • May 24, 2011 2:15pm May 24, 2011 2:15pm
Quoting plamendp
Since my native language is not english I am a bit confused now. "when we have a cross at its open" ?

Are we talking about the angle of the *crossing* leg (signal for entry) or it's about the "after trade" angle that we watch for exits (going flat etc.).

Aren't we entering a trade when (right after) the "crossing" candle closes?

Looks like I should read again. Something is wrong in my mind :-)
Yes read again or just read BigE's posts
  • #3,780
  • May 24, 2011 2:19pm May 24, 2011 2:19pm
Quoting davlo
Here is another example, the 1st candle did not have a cross the second is currently 1/4 through the TF of 1 hr, the second candle has not closed, would i have entered at the start of the second candle not knowing if the final close will actually be a cross because the TDI could still go flatAttachment
You got it - start of candle 2 if your happy with the angle of the TDI and the strength of the setup candle and all the forex basics are all ok.

This whole method is aggressive, its about getting in as soon as possible on the momentum as soon as we can. We don't wait for the candle to close or for a cross of the EMA or anything else its really SIMPLE!

Has the green line on the TDI just crossed the red at the start of the candle? - check
Is it candle 1 or 2? - check
Is the angle of the green line on the TDI at the correct angle? check
Does the candle seem strong? check
Are all the forex basics in our favour? check
No news just about to announced? check

Then we trade!
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