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  • #6,961
  • Jul 4, 2011 5:17am Jul 4, 2011 5:17am
Hey guys,

I know that we use the Stochs for confirmation of the trade (if its pointing in the same direction of the green TDI it is confirmed). But do we have to consider the angle of the Stochs like we consider the angle of the green TDI? Or is iy good enough that its slightly pointing up (or down) in the same direction of the TDI?
  • #6,962
  • Jul 4, 2011 5:21am Jul 4, 2011 5:21am
On the 4H chart, the following conditions have been met:

- The 5 period EMA is now pointing down,
- There was a close below the MA, and price is currently below,
- There is a second bearish HA candle,
- Stochastics are heading south,
- The TDI has performed a bearish cross,
- The price has backed away from the resistance area by about 50 pips.

Time to enter, I thought. So I did. Plenty of chop, swinging betwen 10 pips up and 10 pips down.

Anyone agree? Disagree? Most importantly, why?
  • #6,963
  • Jul 4, 2011 6:10am Jul 4, 2011 6:10am
Yep, seems like a frustrating day today!

think we're going to see the end of the AUDUSD long, any thoughts?
  • #6,964
  • Jul 4, 2011 6:40am Jul 4, 2011 6:40am
short the Euro.. plenty air between green and red line..same same 1 hr....
  • #6,965
  • Jul 4, 2011 6:44am Jul 4, 2011 6:44am
short the Cable based on 1 hr chart and coloured Macd .. also DXY on 1 hr rallying hard.. above 7480 should go hard till 7520..should support the short cause..
  • #6,966
  • Jul 4, 2011 6:48am Jul 4, 2011 6:48am
Quoting youcrazykids
On the 4H chart, the following conditions have been met:

- The 5 period EMA is now pointing down,
- There was a close below the MA, and price is currently below,
- There is a second bearish HA candle,
- Stochastics are heading south,
- The TDI has performed a bearish cross,
- The price has backed away from the resistance area by about 50 pips.

Time to enter, I thought. So I did. Plenty of chop, swinging betwen 10 pips up and 10 pips down.

Anyone agree? Disagree? Most importantly, why?
Bizarre that on my chart there is no air between the red and green lines. Does everyone else have the air?
  • #6,967
  • Jul 4, 2011 7:05am Jul 4, 2011 7:05am
stay simple (offcourse w/ the based fundamental in forex) guys ...
then let this methode show u all the way ..
  • #6,968
  • Jul 4, 2011 7:16am Jul 4, 2011 7:16am
Quoting pipiness
Bizarre that on my chart there is no air between the red and green lines. Does everyone else have the air?
Yes I see its a clear cross be cautious guys, nothing wrong with sitting out today and watching some vids.

I'm getting into combining TMS setups with chart patterns and PA strategy's e.g.

This is a simple technique many traders use, when we have a breakout of a S&R line/Trend line/Fib Line wait for it to come back and kiss the level and then look for TMS setups away from the level e.g.

Inserted Video
  • #6,969
  • Jul 4, 2011 7:18am Jul 4, 2011 7:18am
Quoting youcrazykids
On the 4H chart, the following conditions have been met:

- The 5 period EMA is now pointing down,
- There was a close below the MA, and price is currently below,
- There is a second bearish HA candle,
- Stochastics are heading south,
- The TDI has performed a bearish cross,
- The price has backed away from the resistance area by about 50 pips.

Time to enter, I thought. So I did. Plenty of chop, swinging betwen 10 pips up and 10 pips down.

Anyone agree? Disagree? Most importantly, why?
i think those criteria was met to setup a trade..
but be aware that u trade on 'new york times' which in holiday today ..
just be confident . .
  • #6,970
  • Jul 4, 2011 7:52am Jul 4, 2011 7:52am
Took this one about half an hour ago. I know PA is a little choppy..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdshort.JPG Size: 109 KB
  • #6,971
  • Jul 4, 2011 7:59am Jul 4, 2011 7:59am
Still in this trade ?



quote=The7;4747551]First entry of the week. A very nice low risk, high return trade opportunity. I will be aiming for the Pivot Point for my TP, which brings my R:R to %1 risk, %8 Reward of my equity.[/quote]
  • #6,972
  • Jul 4, 2011 8:00am Jul 4, 2011 8:00am
Quoting 2scoops
Yes I see its a clear cross
Thanks for your reply, 2scoops.

Heres a screenshot of my chart.


Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 36 KB


My red and green line are still close together - is this TDI indicator maybe not working properly? Any advice would be greatly appreciated. Thanks.
  • #6,973
  • Jul 4, 2011 8:13am Jul 4, 2011 8:13am
I would not have entered this trade above... consolidation and poor angles (12-2...4-6) is best.

post 6971 & 6973
  • #6,974
  • Jul 4, 2011 8:20am Jul 4, 2011 8:20am
Quoting eelfranz
I would not have entered this trade above... consolidation and poor angles (12-2...4-6) is best.

post 6971 & 6973
Thanks for your feedback E. You're right. If it doesn't move in the next 2 hours I'll close it, maybe I'll get a few pips out of it. Still learning

Hope you're feeling better and happy 4th of July!
  • #6,975
  • Jul 4, 2011 8:20am Jul 4, 2011 8:20am
Quoting eelfranz
I would not have entered this trade above... consolidation and poor angles (12-2...4-6) is best.

post 6971 & 6973
welcome aboard sir ....glad to see u back
  • #6,976
  • Jul 4, 2011 8:22am Jul 4, 2011 8:22am
Re above post. Sorry, I posted the wrong screenshot in that post. Here's the correct one

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4hr.gif Size: 36 KB
.

Does the TDI look different to other people's?
  • #6,977
  • Jul 4, 2011 8:26am Jul 4, 2011 8:26am
2scoops.... good post above buddy....
  • #6,978
  • Jul 4, 2011 8:28am Jul 4, 2011 8:28am
Quoting eelfranz
I would not have entered this trade above... consolidation and poor angles (12-2...4-6) is best.

post 6971 & 6973

Thanks Eelfranz. I'm glad the decision not to enter the trade was a good one based on what I was seeing on my screen.

However, some people said they saw lots of air between the red and the green on their screen, hence I posted a pic of my screen to see if there is a problem with my indicator, because I'm now concerned my indicator may not be working properly. Basically, I had little air between r/g and others said they had lots.

If anyone was willing to compare the gap between the red/green in my pic with what's showing on their screen, I'd be really grateful.

ps. Really glad to hear you're feeling better.
  • #6,979
  • Jul 4, 2011 8:42am Jul 4, 2011 8:42am
e-u 4h, Pipiness
Attached Image (click to enlarge)
Click to Enlarge Name: e-u.gif Size: 22 KB
  • #6,980
  • Jul 4, 2011 8:52am Jul 4, 2011 8:52am
Quoting pipiness
If anyone was willing to compare the gap between the red/green in my pic with what's showing on their screen, I'd be really grateful.

ps. Really glad to hear you're feeling better.
This is what my EU looks like...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.JPG Size: 103 KB
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