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Trading Made Simple

  • #5,561
  • Jun 16, 2011 8:44am Jun 16, 2011 8:44am
[quote=littlebunny;4698255]
Quoting dean
this is not even close to an entry based on this method. quote]

Is that not a "touch & go" re-entry based on the TDI?
The Green TDI was travelling under Red and general yrend was down and the Real Time News at the Daily-Fx was as followed so I impulsive jumped in ,Any way I could make 30 Pips

"$GBPUSD: a break below the neckline and the 0% Fibo extension at 1.6071 could push towards March Low of 1.5935. http://twitpic.com/5cb9ym
16 Jun 5:41:46 PM"

Thanks to all for the comments all the people made.It makes to learn mistakes.
  • #5,562
  • Jun 16, 2011 8:45am Jun 16, 2011 8:45am
[quote=littlebunny;4698255]
Quoting dean
this is not even close to an entry based on this method. quote]

Is that not a "touch & go" re-entry based on the TDI?
no....you are talking about a bounce trade. this is an example of a bounce trade. Its when the trend hits a reversal candle, the green heads back toward the red but "bounces" off the red line, the next candle reverses again and continues the way of the trend. Thats a rough description. It is at the beginning of the thread if you want a full understanding of it.
Attached Image (click to enlarge)
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  • #5,563
  • Jun 16, 2011 8:54am Jun 16, 2011 8:54am
[quote=arasheed;4698346]
Quoting littlebunny

The Green TDI was travelling under Red and general yrend was down and the Real Time News at the Daily-Fx was as followed so I impulsive jumped in ,Any way I could make 30 Pips

"$GBPUSD: a break below the neckline and the 0% Fibo extension at 1.6071 could push towards March Low of 1.5935. http://twitpic.com/5cb9ym
16 Jun 5:41:46 PM"

Thanks to all for the comments all the people made.It makes to learn mistakes.
This isnt a mistake. This is a trade you took because of other analysis. It has absolutely nothing to do with this method and the entry is probably as far as you can get from it. Have a look at the chart you posted:
The tdi is flat not at 4-6 o clock
the stoch is flat
the tdi AND the stoch are in massively oversold territory and you went short
and lastly you are about 8 candles to late for entry under the rules of this method....NO LATER than the second candle to enter.
So anybody looking at that chart that may be new and trying to learn this method please ignore it....it is as far removed from a trade entry as you could possibly get. THIS is an example of what you main signals should look like....the tdi (note the angle) the stoch (angle) and this is the first reversal candle and it is a good strong size and tdi and stochs are coming out of a good area. Yes it is against the trend on higher time frames but I just want to show what you should initially look for in trade entry signals for the new guys and girls. Once you see this, then do your forex analysing.
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  • #5,564
  • Jun 16, 2011 8:55am Jun 16, 2011 8:55am
Quoting Lain
oh sorry about that. 9am EST (30min ago)


How do you get the chart candles to start at different times???
  • #5,565
  • Jun 16, 2011 8:57am Jun 16, 2011 8:57am
Dean, excellent example...thanks!
  • #5,566
  • Jun 16, 2011 9:03am Jun 16, 2011 9:03am
Quoting tmax
How do you get the chart candles to start at different times???
My platform (OmniTrader) can do it. It builds the bars with eSignal data so they can start anytime and be any length I want and then it can feed trades to MB Trading.
  • #5,567
  • Jun 16, 2011 9:07am Jun 16, 2011 9:07am
Quoting Lain
My platform (OmniTrader) can do it. It builds the bars with eSignal data so they can start anytime and be any length I want and then it can feed trades to MB Trading.

ok thanks
  • #5,568
  • Jun 16, 2011 9:12am Jun 16, 2011 9:12am
[quote=dean;4698390]
Quoting arasheed
This isnt a mistake. This is a trade you took because of other analysis. It has absolutely nothing to do with this method and the entry is probably as far as you can get from it. Have a look at the chart you posted:
The tdi is flat not at 4-6 o clock
the stoch is flat
the tdi AND the stoch are in massively oversold territory and you went short
and lastly you are about 8 candles to late for entry under the rules of this method....NO LATER than the second candle to enter.
So anybody looking at that chart that may be new and...
Hi Dean
Thank you very much for explanation and vivid graphic presentation.
Your timely intervention makes people like us to get accustomed to right track of TMS system.
Thank you once again for your guidance.

arasheed
  • #5,569
  • Jun 16, 2011 9:33am Jun 16, 2011 9:33am
Perhaps arasheed was putting a trade off of a bounce, which looks like it occured? Big E talked at one point of time about how he did this? The stoch still looks to flat for my tastes, but I'm just trying to get into arasheed's head and see what he is seeing on this trade. Either way, at the time of his post, he was profitable, which is more than what I can say this week.
  • #5,570
  • Jun 16, 2011 9:39am Jun 16, 2011 9:39am
It just looks like a poor bounce setup, weak angle - oversold - nothing to fall about guys.
  • #5,571
  • Jun 16, 2011 9:46am Jun 16, 2011 9:46am
Enter at the start of the first candle.

SL below last swing. 1.4065
TP 1.4315 (last lows on the left).
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 4h cross.jpg Size: 157 KB
  • #5,572
  • Jun 16, 2011 10:40am Jun 16, 2011 10:40am
Quoting Thierry
Enter at the start of the first candle.

SL below last swing. 1.4065
TP 1.4315 (last lows on the left).
I am watching this, just waiting to see how the candle looks when it closes
  • #5,573
  • Jun 16, 2011 10:44am Jun 16, 2011 10:44am
Mr.Eelfranz Can not thank you enough!!! I made more pips net/net this week using your system them I have the whole year up to date. Great System to this point. My concern's are 1. closing my trades @ 6:00am Pacific time, 1/2 hr after news. my stradegy has been to take 1/2 profit and set SL to BE 1/2 hr before the news and let it run. has worked out great only because the news favored the direction of my trades. 2. Due to money management I have to be selective when four or five currency's all trigger @ same time. I have been going with the Eur/Usd by default. Maybe some one can shed some light from thier experiance as to a better currency. Once again Thank you!!! I may have missed these questions in the post and plan to reread the whole thing again.
  • #5,574
  • Jun 16, 2011 10:48am Jun 16, 2011 10:48am
Quoting bez3000
I am watching this...
Me too, though I won't touch the pair till it clears 1.42000/previous Asian session highs.
  • #5,575
  • Jun 16, 2011 11:00am Jun 16, 2011 11:00am
Quoting DaveUK
Me too, though I won't touch the pair till it clears 1.42000/previous Asian session highs.
I just want a good looking candle and a close above the 5MA for an entry
  • #5,576
  • Jun 16, 2011 11:02am Jun 16, 2011 11:02am
Quoting 2scoops
http://tinyurl.com/6k5ckr4

On a serious note, if you get stuck give me shout.
lol i can see how to enter email details but don't know how to setup the TDI to email when it crosses?
Can you help?
  • #5,577
  • Jun 16, 2011 11:08am Jun 16, 2011 11:08am
Lots of potential trades coming up on:

eurusd
gbpusd
nzdusd
eurgbp
usdcad
audusd
eurchf
eurjpy
audjpy

All look like they could turn into possible trades depending on the current candle.
Looking forward to trading them
  • #5,578
  • Jun 16, 2011 11:31am Jun 16, 2011 11:31am
Quoting bez3000
lol i can see how to enter email details but don't know how to setup the TDI to email when it crosses?
Can you help?
In the settings of the indicator change enable alerts and email alerts to true.
  • #5,579
  • Jun 16, 2011 11:32am Jun 16, 2011 11:32am
My Eur usd is going wel.

Bez, which broker are there opportunities?
  • #5,580
  • Jun 16, 2011 11:38am Jun 16, 2011 11:38am
Quoting Thierry
My Eur usd is going wel.

Bez, which broker are there opportunities?
Alpari UK mate
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