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Trading Made Simple

  • #3,781
  • May 24, 2011 2:23pm May 24, 2011 2:23pm
Questions are in the image. If I am not correct, I'll go back to post #1! :-)
Attached Image (click to enlarge)
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Bah...
  • #3,782
  • May 24, 2011 2:26pm May 24, 2011 2:26pm
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 :-)
NO no no not at all. Since english is not your native language I understand maybe why you don't get it, I'll put it down stop by step in very few words.

Entrance:

1. Candle open............. Start of candle.

2. Look for a cross. A cross is green ACROSS red. The two lines will make an X.

3. TDI angle 4 oclock short, 2 oclock long. Flat no good.

4. Stochastic confirms by pointing in correct direction.

5. Strong candle. whick on the bottom flat on the top short. whick on the top flat on the bottom long. Candle should be large.

6. correct candle color.

Exit:

1. TDI goes flat, on OPEN of next candle.
2. TDI hooks back/makes a check mark on OPEN of next candle. (Don't exit inbetween candles as the TDI can flatten/hook and then go back in the proper direction)

Nothing wrong with locking in profits though.
  • #3,783
  • May 24, 2011 2:32pm May 24, 2011 2:32pm
Just think how good your TDI indicator will be when you understand the method plamen
  • #3,784
  • May 24, 2011 2:33pm May 24, 2011 2:33pm
Quoting KumoDragon
NO no no not at all....
AMEN brother
  • #3,785
  • May 24, 2011 2:34pm May 24, 2011 2:34pm
Quoting plamendp
Questions are in the image. If I am not correct, I'll go back to post #1! :-)

  1. If the cross had been visible right at the beginning of the candle, you would have entered already.
  2. If the cross occurs during the candle you have to wait for the beginning of the next candle for the entry.

In the first case it COULD happen in some cases that the TDI will uncross later during the candle AFTER you have entered. But that's normal risk and won't happen very often on the H1 and H4 time frames.

Cheers,
Olarion

  • #3,786
  • May 24, 2011 2:34pm May 24, 2011 2:34pm
Kumo thank for detailed explanation. Really appreciated.
Regards

Quoting KumoDragon
NO no no not at all....
  • #3,787
  • May 24, 2011 2:39pm May 24, 2011 2:39pm
This is Deano's check list
Attached File(s)
File Type: xls TDI trade check.xls   229 KB | 985 downloads
  • #3,788
  • May 24, 2011 2:47pm May 24, 2011 2:47pm
hope your feeling better bigE don't even think about having to answer any questions since your last login, we're all praying for you big guy!

Come back...get well soon
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  • #3,789
  • May 24, 2011 2:54pm May 24, 2011 2:54pm
Quoting KumoDragon
Exit:

Don't exit inbetween candles as the TDI can flatten/hook and then go back in the proper direction
agree with you , (I wrote almost the same)
look at this trade , between candles I was in loose , now in small profit. going to bed , so just out BE+ few pips
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  • #3,790
  • May 24, 2011 5:06pm May 24, 2011 5:06pm
Any daily chart setups that anyone is seeing? I don't see much, but just want to see if anyone is seeing anything different than what I am.
  • #3,791
  • May 24, 2011 5:25pm May 24, 2011 5:25pm
Quoting Nate04
Any daily chart setups that anyone is seeing? I don't see much, but just want to see if anyone is seeing anything different than what I am.
Nope nothing at the moment.
  • #3,792
  • May 24, 2011 5:29pm May 24, 2011 5:29pm
Quoting 2scoops
Nope nothing at the moment.
Thanks for the confirmation... Suppose I'll shut it down for a bit and spend some time with the family. Its always good to enjoy some time with the people you love. Life is a balance imo.
  • #3,793
  • May 24, 2011 5:36pm May 24, 2011 5:36pm
Quoting Nate04
Thanks for the confirmation... Suppose I'll shut it down for a bit and spend some time with the family. Its always good to enjoy some time with the people you love. Life is a balance imo.
pfffft love..........I want pips! lol
  • #3,794
  • May 24, 2011 5:47pm May 24, 2011 5:47pm
Quoting KumoDragon
pfffft love..........I want pips! lol
  • #3,795
  • May 24, 2011 7:17pm May 24, 2011 7:17pm
Quoting Looser
I am curious to know the EDGE here !!!!
I think the answer to that question and also the one about risk reward ratios is look at some of the account balances from Big E, Snarly jack and others.
The risk reward ratio has been covered elsewhere in this thread and I think it was Eric who answered it himself.
  • #3,796
  • May 24, 2011 7:35pm May 24, 2011 7:35pm
i'm waiting for the crossdown on eu,gu,au, anyone looking at the same thing?
  • #3,797
  • May 24, 2011 7:37pm May 24, 2011 7:37pm
Quoting 2scoops
hope your feeling better bigE don't even think about having to answer any questions since your last login, we're all praying for you big guy!

Come back...get well soon
2scoops.... thanks for trying to keep the thread on the straight and narrow. I know Eric will appreciate it as do I.

Ian
  • #3,798
  • May 24, 2011 7:41pm May 24, 2011 7:41pm
Quoting toybits
i'm waiting for the crossdown on eu,gu,au, anyone looking at the same thing?
Good eyes!
  • #3,799
  • May 24, 2011 7:52pm May 24, 2011 7:52pm
Quoting ndhoanggia
Good eyes!
Are you guys on the 4 hr TF
  • #3,800
  • May 24, 2011 8:15pm May 24, 2011 8:15pm
Quoting davlo
Are you guys on the 4 hr TF
My new H4 candles @ 12AM NY time.
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