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Trading Made Simple

  • #4,341
  • Edited 7:16am May 31, 2011 6:57am | Edited 7:16am
Quoting Flatrader
I am watching the AU for a 4hr short trade. My broker's next 4hr. candle starts at 8 am (Eastern time zone). I am also watching the GU but not enough PA IMO.

Yes I was watching the GU too, its been in a strong uptrend recently but I feel it will move short at some point soon. It might go flat for a while though. PA too weak, stochs too flat. Some US news out later, maybe it'll go after that.
  • #4,342
  • May 31, 2011 7:09am May 31, 2011 7:09am
Hi,

This is great indicator but i needed it to show spread too
So i added it
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File Type: mq4 b-clock (h-m-s).mq4   2 KB | 602 downloads
  • #4,343
  • May 31, 2011 7:20am May 31, 2011 7:20am
Hi all and specially Big E, hope you are well mate.

I like longer TFs and have played around with TDI in the past in Big E's other thread, unfortunately, I am totally hopeless when it comes to shorter TF and gave on the system after a while.

I am not a good trader, but in the longer TF I can sometimes be average at best. Anyway, I hope to learn and possible share what I know (the little that I do). I'll try not to ask too many stupid questions and hopefully absorb as much as I can from more experienced traders as well as other traders.

Cheers to all.

PS here is a chart of a current GY trade on demo, so far so good!
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What you do is a reflection of you....what I do is a reflection of me.
  • #4,344
  • May 31, 2011 8:25am May 31, 2011 8:25am
Jumped in despite green line touching 32 level, still room bellow...
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Bah...
  • #4,345
  • May 31, 2011 8:41am May 31, 2011 8:41am
Quoting Danyjoe
very nice .. What time did you trade? 11:45 pm?
Entered trade just before 3:00 pm (US mountain time zone) , I closed it about 6 hours later.
  • #4,346
  • May 31, 2011 8:55am May 31, 2011 8:55am
Quoting geniussx
The angle of the green and red TDI changes when u move the size of the TDI window. Does anybody know what the right size for a reliable signal? If u increase the size there is a different angle, then a reduced size of the TDI window. So it changes from a 1h angle to a
2u angle for example or a 3u to 4u. Hope someone understands my question
Yes, you're correct, the angle depends on the size of the window. We can't just ignore it, and I hope that BigE would pay attention to this problem.

Right now I watch 6 pairs, each chart is 1/6 of the screen's size, and I try not to change the size.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #4,347
  • May 31, 2011 9:04am May 31, 2011 9:04am
Quoting Zr-fx
Is it just me or do the last 2 or 3 pages seem to have been about a different thread, nothing to do with Trading Made Simple?
Remember when we had just a few indicators? (page1) Let us hope Big E won't be too disappointed when he gets back into things.
Hej.
  • #4,348
  • May 31, 2011 9:10am May 31, 2011 9:10am
Favorite, Geniusxx

Yes, accurately determining the angle of the TDI, visually, can be difficult as it depends on the scaling of your chart. The best method we have found is to determine the TDI angle based on its numerical value at the close of the set-up candle compared to the numerical value at the close of the previous.

I use ninja but I imagine most platforms would have the same capability. Personally, I have found that a delta of 3 or more indicates a strong TDI angle in line with big E's parameters. (12-2 and 4-6). In ninja, you can go a step further and add an indicator/marker to the chart when the green TDI crosses with a minimum delta (angle).

I still like to keep my TDI chart sized (similar to Big E's) just for familiarity but it’s really not required as the software does the interpretation and tells me when the TDI angle is good, in line with my parameters.

Hope this helps.
  • #4,349
  • May 31, 2011 9:33am May 31, 2011 9:33am
ceebs, thank you for your help, I really appreciate it!

Guys, I don't want to be annoying, but BigE never said anything about delta and about comparing the angle at the set-up candle with the previous candle, he determines the angle visually, so I'd like to know how other traders deal with this issue.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #4,350
  • May 31, 2011 9:55am May 31, 2011 9:55am
Favorite

The delta is just what i use to determine the angle. Its the same thing as what Big E does, except that I find it easier to use numerical values instead of a chart-visual.

Please dont confuse things. I'm following Big E's method with a little help from software.

Best of luck
  • #4,351
  • May 31, 2011 10:06am May 31, 2011 10:06am
ceebs, I understand that this is just another method to determine the angle and that you follow the system.

Thanks again!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #4,352
  • May 31, 2011 10:47am May 31, 2011 10:47am
Quoting olegy
if anybody looking for usd/cad long in 1h , be aware : on daily is short setup
look at 1H usd/cad now and you can easily understand why so dangerous to trade against main/daily trend. anyway I grabbed nice 50 pips on daily short
  • #4,353
  • May 31, 2011 11:01am May 31, 2011 11:01am
Very interesting thread (especially for European working people, which have to work during the London session and cannot check the charts very often... )

...a lot to read yet, but I'm sure it is worth of the time needed.

My first trade with this System.
GU H4 short.

Closed the first portion at +30 and still running..let's see...
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  • #4,354
  • May 31, 2011 11:07am May 31, 2011 11:07am
Quoting olegy
look at 1H usd/cad now and you can easily understand why so dangerous to trade against main/daily trend. anyway I grabbed nice 50 pips on daily short
Loss on Usd/Cad short. Entered on a good cross, large candle, second candle, no close resistance. Next candle TDI flicked up and I existed with -16 pips. Any analysis would be useful.
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  • #4,355
  • May 31, 2011 11:12am May 31, 2011 11:12am
Quoting Zr-fx
Loss on Usd/Cad short. Entered on a good cross, large candle, second candle, no close resistance. Next candle TDI flicked up and I existed with -16 pips. Any analysis would be useful.
I did the same thing. Not sure what happened.
  • #4,356
  • May 31, 2011 11:20am May 31, 2011 11:20am
Quoting macattack98
I did the same thing. Not sure what happened.
The thing is that we are trying to jump on momentum. But if we jump in after a very big candle then is not the risk too great that the previous candle was a spike and we find ourselves in a retrace?
  • #4,357
  • May 31, 2011 11:25am May 31, 2011 11:25am
Quoting Zr-fx
Loss on Usd/Cad short. Entered on a good cross, large candle, second candle, no close resistance. Next candle TDI flicked up and I existed with -16 pips. Any analysis would be useful.
that's why i don't like 1h tf , u jumped in after news and after PA did a main move and started retrace. I like higher TF , less sensitive to news , and I just grabbed pips today on short by entering before news
  • #4,358
  • Edited 12:10pm May 31, 2011 11:27am | Edited 12:10pm
Ok using BigE's original template this is what the trade looked like when the second 1HR candle formed on that move. I see no clear cross, even looking back without using the strategy tester it looks like red was only touching green = no trade. No confirmation from Stochastics also.
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  • #4,359
  • May 31, 2011 11:29am May 31, 2011 11:29am
Quoting olegy
look at 1H usd/cad now and you can easily understand why so dangerous to trade against main/daily trend. anyway I grabbed nice 50 pips on daily short
.. I am still waiting for mine (jumped in a bit late)
Bah...
  • #4,360
  • May 31, 2011 11:31am May 31, 2011 11:31am
Quoting macattack98
I did the same thing. Not sure what happened.
Those Heiken-Ashi candles will get you every time; look real nice, but price is nowhere near what you see
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