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Trading Made Simple

  • #5,121
  • Jun 9, 2011 3:26pm Jun 9, 2011 3:26pm
Quoting geula4
Hello Everyone,

Love to hear your thoughts on the following AUDCHF chart.
Is it a good setup?

Thank you
geula4
Looks like a decent setup to me. I'd watch the consolidation areas closely, but from a pure tdi cross perspective, its good.
  • #5,122
  • Jun 9, 2011 3:27pm Jun 9, 2011 3:27pm
Another multi page wich i must read.
Starting now. Wery glad to see TDI in use i always liked that indi.
Thank u for this simple system

Al
  • #5,123
  • Jun 9, 2011 3:32pm Jun 9, 2011 3:32pm
Quoting KCV
Hi 3X,

Thank you very much. Finally got unzipped. Will try it.

Thanks.
KC.
You are welcome. I hope you find it beneficial.
3X
  • #5,124
  • Jun 9, 2011 3:34pm Jun 9, 2011 3:34pm
Quoting geula4
Another chart: NZDJPY
Is it a good setup?
Love to hear your thoughts about it.

Thank you
Hi Guela4,

Looks like everything is set up by the rules. Hope it goes well.

3X
  • #5,125
  • Jun 9, 2011 3:38pm Jun 9, 2011 3:38pm
Quoting 3xtrader
You are welcome. I hope you find it beneficial.
3X
Yes it is very helpfull. Ty.

I have one quick question. I read the document with the zip files. Trying to test for the last one month. When I do the trade the LFH1_Short_Open or any other script to place the order it executes right in the test chart and I dont see the option box to change the Lot or Stop size.

I checked in the Tools option and the check boxes are same as the document. Any help on this.

Thanks.
KC.
  • #5,126
  • Jun 9, 2011 3:39pm Jun 9, 2011 3:39pm
Hey guys, I just added iTrend indicator to my charts and it doesn't really help with anything but I realized that it also can be used to escape fake signals or help us to stay in the position longer. I am just asking if you pro's think this is a good idea and will be helpful.

For example look at part ONE. Market was going sideways, TDI was unsurely going short, Stochs was facing down, and iTrend was showing to stay in a long position.

Lets look at part TWO. Market was going long, TDI was unsurely going long, Stochs was stayed flat in the overbought level, iTrend was showing go long.

Im sorry if my expalantion didn't make sence but I hope even if you guys not agree with using iTrend you understand what I ment. It might be useless to use on lower time frames. Any suggestions from pro's?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 45 KB
Lybi lydey, lybi vragov.
  • #5,127
  • Jun 9, 2011 3:41pm Jun 9, 2011 3:41pm
Quoting KCV
Omg, Dear friend, i dont know how to thank you. Wonderfull tool. Makes life easy. I spent the full Sat and Sun on doing this manually.

Lol. Thank you very much.

KC.
KC,
My pleasure.
3X
  • #5,128
  • Jun 9, 2011 3:48pm Jun 9, 2011 3:48pm
Thank you for your feedback on these charts.
  • #5,129
  • Edited 4:20pm Jun 9, 2011 3:48pm | Edited 4:20pm
Quoting plamendp
You are brave man mate :-) I mean... USDCAD makes me sick for days already.. That nice weekly downtrend but carving up... argh...

Today I was like a damn * coward.. afraid to jump in.. Afraid to take decision ... confused.. hesitating... At some point I gave up and said "Ok, today I am off.. just reading and watchin.." :-)

Plamen
Just took a very though decision on it. I dont like the pair but i saw strong bounce on 1 hr time frame with a lot of resistance to go up. News actually moved many pairs today. If i continue thinking of excuses not to take a trade, i have learnt that many good trades will pass on and many bad trades will be taken. So far i net about 52 pips on it. I will keep eyes on the 4 hr for possible bounce trade later.
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We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #5,130
  • Jun 9, 2011 3:50pm Jun 9, 2011 3:50pm
Quoting KCV
Yes it is very helpfull. Ty.

I have one quick question. I read the document with the zip files. Trying to test for the last one month. When I do the trade the LFH1_Short_Open or any other script to place the order it executes right in the test chart and I dont see the option box to change the Lot or Stop size.

I checked in the Tools option and the check boxes are same as the document. Any help on this.

Thanks.
KC.
KC,
Good question.
This version doesn't allow for LOT SIZE adjustment (it doesn't matter much to me since i count the pips per trade...but thats just me )....however you may adjust the SL and TP on the Chart. Just double click the SL (red line) or TP (green line) and drag them to whatever level you want. For instance, I think the SL is default set to 20 pips. Once in the 'trade' double click the red SL line and drag it to 43, 50 98, etc pips as suitable for you.

Enjoy.

3x
  • #5,131
  • Jun 9, 2011 3:53pm Jun 9, 2011 3:53pm
There is a good setup for short on NZD/USD both 1H and 4H take a look at the charts. The first candle is big enough. Lets wait for the first candle to finish and if second candle is bearish then enter the trade?
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd1h.gif Size: 28 KB

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd4h.gif Size: 27 KB
Lybi lydey, lybi vragov.
  • #5,132
  • Jun 9, 2011 3:54pm Jun 9, 2011 3:54pm
Quoting Pip Maker
Hey guys, I just added iTrend indicator to my charts and it doesn't really help with anything but I realized that it also can be used to escape fake signals or help us to stay in the position longer. I am just asking if you pro's think this is a good idea and will be helpful.

For example look at part ONE. Market was going sideways, TDI was unsurely going short, Stochs was facing down, and iTrend was showing to stay in a long position.

Lets look at part TWO. Market was going long, TDI was unsurely going long, Stochs was stayed flat in the...
Mate, please dont complicate things. If you really understand how to use it, please do use them personally.Why ? because many traders on this thread are newbies and may be confused to carry on with that. Its nice but use it to your own advantage. JUST A SUGGESTION. K.I.S.S
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #5,133
  • Jun 9, 2011 4:11pm Jun 9, 2011 4:11pm
Quoting adeforex
Mate, please dont complicate things. If you really understand how to use it, please do use them personally.Why ? because many traders on this thread are newbies and may be confused to carry on with that. Its nice but use it to your own advantage. JUST A SUGGESTION. K.I.S.S
Oh Im so sorry, thank you for telling.
Lybi lydey, lybi vragov.
  • #5,134
  • Jun 9, 2011 4:17pm Jun 9, 2011 4:17pm
Quoting geula4
Another chart: NZDJPY
Is it a good setup?
Love to hear your thoughts about it.

Thank you
It looks like a pullback on an uptrend...a good setup to go long IMO.
  • #5,135
  • Jun 9, 2011 4:31pm Jun 9, 2011 4:31pm
I am going short on eurusd on daily tf. i am tired here and want to go to bed. SL is around 50 pips and TP is around 80 pips. I know is counter trend but, it has encountered strong resistance going up. I will see how it will play on friday. If you are interested,wait for the candle to close. i am just too early to enter
Attached Image (click to enlarge)
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We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #5,136
  • Jun 9, 2011 4:39pm Jun 9, 2011 4:39pm
Quoting vbmark
No problem. I just don't use regular clock faces. My watch and computer clock are digital. I have a hard time visualizing where, for example, 4:00 is.
Easiest way is to use the cross hairs on your platform.
  • #5,137
  • Jun 9, 2011 4:43pm Jun 9, 2011 4:43pm
Hey Gang.... Spent all day yesterday at the hospital and dealing with nurses today...

I'm having a lot of Neuropathy pain. Any of you have to deal with that? PM me please...

Thanks...
  • #5,138
  • Jun 9, 2011 4:48pm Jun 9, 2011 4:48pm
Quoting joec814
Dean, It's been about a month since this post. I'm very curious if you are having real success now by following "the system". Thanks, Joe
I actually been trading mate. I have been a bit ill for the last month and in and out of hospital so I just log in and watch at the moment. I cant concentrate that well so its not a good idea to be trading. But if you are wondering if the method has merit...yes...try it yourself. It is something you need to fine tune to your own way of trading...the basics are there....you just need to adapt it to your own trading personality.
  • #5,139
  • Jun 9, 2011 4:49pm Jun 9, 2011 4:49pm
Quoting 2scoops
I hope you all caught this move today - I decided to bale out with 80 pips in the bag.
Hey scoops how are ya??
Mate what are the red channel lines and the S/R indicators on your screen?? can I get them anywhere?
Coffee and cakes not required
  • #5,140
  • Jun 9, 2011 4:52pm Jun 9, 2011 4:52pm
Quoting plamendp
You are brave man mate :-) I mean... USDCAD makes me sick for days already.. That nice weekly downtrend but carving up... argh...

Today I was like a damn * coward.. afraid to jump in.. Afraid to take decision ... confused.. hesitating... At some point I gave up and said "Ok, today I am off.. just reading and watchin.." :-)



Plamen
Personally thats what makes the greatest traders....you were undecided so you stayed out.....I think making that decision is 100 times smarter than taking a good trade...well done. Its something I need to work on.
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