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Trading Made Simple

  • #6,421
  • Jun 29, 2011 3:41am Jun 29, 2011 3:41am
Hey Guys any one watching the EU for a possible reversal in the next couple of bars??
Attached Image (click to enlarge)
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  • #6,422
  • Jun 29, 2011 3:50am Jun 29, 2011 3:50am
Ok so I've been through most of the posts.... a lot of reading hehe. But would like to clarify something.

Ok so a new bar has just opened and is red after an uptrend. As it opened the TDI is showing a very nice cross and the stoch is overbought and pointing down. Should you enter the trade or wait till that bar closes to confirm that the TDI stays crossed?

Thanks guys and sorry if it seems like a stupid question but I've seen so many different charts posted here and sometimes it seems that some do it one way and some do it the other.
  • #6,423
  • Jun 29, 2011 4:16am Jun 29, 2011 4:16am
Quoting TraderDC
Ok so I've been through most of the posts.... a lot of reading hehe. But would like to clarify something.

Ok so a new bar has just opened and is red after an uptrend. As it opened the TDI is showing a very nice cross and the stoch is overbought and pointing down. Should you enter the trade or wait till that bar closes to confirm that the TDI stays crossed?

Thanks guys and sorry if it seems like a stupid question but I've seen so many different charts posted here and sometimes it seems that some do it one way and some do it the other.
Well that says that your tdi cross is on the opening of a new candle...so enter. COrrect me if I am wrong people but I think what this question is getting at is....if the tdi crosses about a third or halfway through the candle (or whatever) you wait for the next one to open. Basically entry is at the very begining of the candle opening.
  • #6,424
  • Jun 29, 2011 4:21am Jun 29, 2011 4:21am
Quoting dean
Well that says that your tdi cross is on the opening of a new candle...so enter. COrrect me if I am wrong people but I think what this question is getting at is....if the tdi crosses about a third or halfway through the candle (or whatever) you wait for the next one to open. Basically entry is at the very begining of the candle opening.
Thanks for clarifying Dean !!
  • #6,425
  • Jun 29, 2011 4:22am Jun 29, 2011 4:22am
Quoting geobull
i am interesting wich time frame is better 1h or 4h for this system? as i see 4 hour is better. pls answer me what you think. thanks
Hi I only trade 4h.
  • #6,426
  • Jun 29, 2011 4:43am Jun 29, 2011 4:43am
Quoting bez3000
Hi I only trade 4h.
thanks for answer. when take order with 4h is not later entry? for me this is problem for 4hour time frame, because when i take order from 4 hour then i lost some pips i think is later. what you think about this?
  • #6,427
  • Jun 29, 2011 5:48am Jun 29, 2011 5:48am
Quoting geobull
thanks for answer. when take order with 4h is not later entry? for me this is problem for 4hour time frame, because when i take order from 4 hour then i lost some pips i think is later. what you think about this?
It's not a latet entry if you trade the first or second candle!
  • #6,428
  • Jun 29, 2011 6:15am Jun 29, 2011 6:15am
Quoting DayTraderBiH
Bishopdotum why would you post your trading day on two different systems ?

I found your same screenshot on the THV forum :

http://www.forexfactory.com/showthre...95#post4734395
Because i combine the basic indicators from both forum.

TDI from here
Trix from the other forum.

The two forums have helped me develop my own winning style. Credits to Big E, cobra, misspips and a host of others. I have followed them for more than one year before i finally got the formular.

Am i clear now?
  • #6,429
  • Edited 6:33am Jun 29, 2011 6:19am | Edited 6:33am
Bez,

You are doing a fantastic job. How do you look at the daily tf?
I have now the mtf histo under the TDI and Stoch, so the mtf histo shows the daily tdi. I have done some backtesting and the results are great.
  • #6,430
  • Jun 29, 2011 6:35am Jun 29, 2011 6:35am
[quote=Thierry;4736105]Bez,

You are doing a fantastic job. How do you look at the daily tf?
I have now the mtf histo under the TDI and Stoch, so the mtf histo shows the daily tdi. I have done some backtesting and the results are great.[/QUOT

Thierry can you send me MTF histo indicator? Thanks
  • #6,431
  • Jun 29, 2011 6:46am Jun 29, 2011 6:46am
Here you go: http://www.forexfactory.com/showthre...15#post4685015
  • #6,432
  • Jun 29, 2011 6:49am Jun 29, 2011 6:49am
Hi everyone

Just thought I'd put this chart up for discussion. It is a TDI signal on the 4h U/C.

What do people think, pros and cons.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 26 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #6,433
  • Jun 29, 2011 6:52am Jun 29, 2011 6:52am
Quoting Ezzy
Hi everyone

Just thought I'd put this chart up for discussion. It is a TDI signal on the 4h U/C.

What do people think, pros and cons.

Cheers
So.....the signal is against the 4h trend, but the candle looks good and price and trend seems to be changing as per the break of the trend line.

I know Bez likes buy signals below 50 TDI.
What you do is a reflection of you....what I do is a reflection of me.
  • #6,434
  • Jun 29, 2011 6:52am Jun 29, 2011 6:52am
Quoting Thierry
Here you go: http://www.forexfactory.com/showthre...15#post4685015
thanks Thiery
  • #6,435
  • Jun 29, 2011 6:54am Jun 29, 2011 6:54am
Took these 2 trades.
Gbp/usd is a bounce trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp chf long.jpg Size: 130 KB
Click to Enlarge Name: gbp usd bounce.jpg Size: 140 KB
  • #6,436
  • Jun 29, 2011 6:56am Jun 29, 2011 6:56am
Quoting Ezzy
Hi everyone

Just thought I'd put this chart up for discussion. It is a TDI signal on the 4h U/C.

What do people think, pros and cons.

Cheers
For me its a great trade. Offcourse the trend could be a problem, but i think there is a high chance of make pips with this one.
Very nice cross at first candle.
  • #6,437
  • Jun 29, 2011 6:56am Jun 29, 2011 6:56am
Hi all,

Attached is today's trade and set-up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: my trade june 29.jpg Size: 120 KB
Click to Enlarge Name: chart setup june 29.gif Size: 18 KB
  • #6,438
  • Jun 29, 2011 7:02am Jun 29, 2011 7:02am
Quoting Ezzy
Hi everyone

Just thought I'd put this chart up for discussion. It is a TDI signal on the 4h U/C.

What do people think, pros and cons.

Cheers
I think it looks good. The GBPCHF also has a nice signal.
  • #6,439
  • Jun 29, 2011 7:16am Jun 29, 2011 7:16am
Quoting Ezzy
Hi everyone

Just thought I'd put this chart up for discussion. It is a TDI signal on the 4h U/C.

What do people think, pros and cons.

Cheers
I wouldnt trade this becasue it is against the trend (and the trend is a strong one if you look at the daily) and you are buying into significant resistance which is also on a round number. If it gets through that then you could make a few pips, but there are better trades around I reckon.
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  • #6,440
  • Jun 29, 2011 7:17am Jun 29, 2011 7:17am
Quoting bez3000
Woke this morning to the following charts:

euraud = +37
gbpaud = +90
nzdjpy = +70
nzdusd = +60
usdcad = +70
TOTAL = + 327

I love this way of trading, thanks BigE

Nice work. I closed out some of those yesterday but left 3 open and woke upto a 200pip profit.... love waking upto that. Now I just need move to a live account so the pips count
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