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Trading Made Simple

  • #7,061
  • Jul 5, 2011 4:53am Jul 5, 2011 4:53am
Quoting AlienFrog
Nice chart, The7. I took the trade. I love setups on the higher tfs.
Good spot Alien. I will close and count my money at around 0.8940
  • #7,062
  • Edited 5:31am Jul 5, 2011 5:02am | Edited 5:31am
Some setups are just freebies. We will suffer enough with bad ones, so let's not miss them...
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  • #7,063
  • Jul 5, 2011 5:12am Jul 5, 2011 5:12am
Quoting The7
Took this trade before London. Closed it with 64 pips, gaining %3 to my equity. Left another %3 on the table, which is ok
I went long on this last week on Wednesday, closed Friday for +459 pips! Best trade I ever made by miles! Too bad it’s a micro account! Haha!

The reason this trade worked so well was that the weekly chart took a bounce off the low side of a beautiful channel that was one year in the making. I hung on through several hooks in TDI for that reason. I closed out Friday at 2pm EST – I never hold over weekend. So I was lucky in the way it moved and in the timing. (See my motto below about luck!) The TDI signal plus the confluence of that bounce were very powerful!

This is basic charting you all know. Never forget the first things you learned about forex!
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Luck occurs when preparation meets with opportunity.
  • #7,064
  • Jul 5, 2011 5:13am Jul 5, 2011 5:13am
Hi! What do you think about these?
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  • #7,065
  • Jul 5, 2011 5:17am Jul 5, 2011 5:17am
Quoting The7
Some setups are just freebies. We will suffer enough with bad ones, so let's not miss them...
Doesn't look like a cross on my chart
  • #7,066
  • Jul 5, 2011 5:19am Jul 5, 2011 5:19am
Quoting AlienFrog
I went long on this last week on Wednesday, closed Friday for +459 pips! Best trade I ever made by miles! Too bad it’s a micro account! Haha!

[size=3][font=&quot]The reason this trade worked so well was that the weekly chart took a bounce off the low side of a beautiful channel that was one year in the making. I hung on through several hooks in TDI for that reason. I closed out Friday at 2pm EST – I never hold over weekend. So I was lucky in the way it moved and in the...
Knocked it out of the park!!!
  • #7,067
  • Jul 5, 2011 5:21am Jul 5, 2011 5:21am
Quoting AlienFrog
I went long on this last week on Wednesday, closed Friday for +459 pips! Best trade I ever made by miles! Too bad it’s a micro account! Haha!

[size=3][font=&quot]The reason this trade worked so well was that the weekly chart took a bounce off the low side of a beautiful channel that was one year in the making. I hung on through several hooks in TDI for that reason. I closed out Friday at 2pm EST – I never hold over weekend. So I was lucky in the way it moved and in the...
459 pips? Wow, how much of your equity is that if you don't mind me asking?
  • #7,068
  • Jul 5, 2011 5:24am Jul 5, 2011 5:24am
Who was that guy who was questioning whether this system worked again? maybe send him the pic!
Attached Image
  • #7,069
  • Jul 5, 2011 5:26am Jul 5, 2011 5:26am
Quoting Danyjoe
Hi! What do you think about these?
Here's what I would do (or not), but everyone has their own take.

EG - third candle, cross signal below 50 - no trade
GU - cross signal above 50, trading into SR - no trade
GY - Cross signal above 50, not a reversal - no trade (I hate this pair anyway, always burns me!)
UC - signal was not a cross, but the HA bars look nice. Not a sharp reversal, kind of a rolling one. PA is strong but might have already missed the move. I would not take it but if I did I'd look for quick movement and get out fast with a few pips.
EC - fourth bar - wait for another setup - no trade
EG - I might take this based on the channel break, lower highs and lower lows. TDI is not a bounce because there was no trade on at the time. My decision though - too risky, not perfect enough, no trade
Luck occurs when preparation meets with opportunity.
  • #7,070
  • Jul 5, 2011 5:32am Jul 5, 2011 5:32am
Quoting 2scoops
Doesn't look like a cross on my chart
Sorry that was a wrong chart, fixed now.
  • #7,071
  • Edited 5:47am Jul 5, 2011 5:34am | Edited 5:47am
Quoting The7
459 pips? Wow, how much of your equity is that if you don't mind me asking?
That was a 27% increase in equity. Edit: I wonder when I'll have another trade like that!

Edit: I should add that since I was trading off the weekly TF I risked only about .9%. I normally risk 2-2.5%. Since the previous swing low was close I still had a decent pip value.

Quoting 2scoops
Who was that guy who was questioning whether this system worked again? maybe send him the pic!
Great pic! Haha! Thanks!
Luck occurs when preparation meets with opportunity.
  • #7,072
  • Jul 5, 2011 5:34am Jul 5, 2011 5:34am
The 7 tell me ,please, where can I find and download the same weekly pivots as you showed on your charts? 2. Do you think EUR/AUD short,4H, is good to take now according to system? Thank you,
  • #7,073
  • Jul 5, 2011 5:35am Jul 5, 2011 5:35am
For those who like to use the TDI indi on a non Mt4 platform. Use these settings:

1. Create RSI in a new window. Set the parameters to 13 and close, and the color to None, so that it doesn't show.

2. Drag the MA indy into the same window as the RSI. Set the values to 2, simple, close, color = Green, and most importantly, Apply to = Previous Indicator's Data

3. Drag the MA indy into the same window as the RSI. Set the values to 7, simple, close, color = Red, and once again, Apply to = Previous Indicator's Data

This will get you very close to the Tdi settings..
  • #7,074
  • Jul 5, 2011 5:37am Jul 5, 2011 5:37am
the7 what ind is that pivot that says "entry" "x1" "x2" etc? could you please post it, thank you and God bless
  • #7,075
  • Jul 5, 2011 5:41am Jul 5, 2011 5:41am
Quoting lite27
The 7 tell me ,please, where can I find and download the same weekly pivots as you showed on your charts? 2. Do you think EUR/AUD short,4H, is good to take now according to system? Thank you,
I attached the weekly indi before, check attachments. EurAud is in no way a good setup..Price still ranging around last weeks pivot( Aqua line)...I would stay away..
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  • #7,076
  • Jul 5, 2011 5:44am Jul 5, 2011 5:44am
Quoting DurduSM
the7 what ind is that pivot that says "entry" "x1" "x2" etc? could you please post it, thank you and God bless
It's not an indi, its the Fibo lines..I customized it to see my Risk-Reward on entries.
  • #7,077
  • Jul 5, 2011 7:10am Jul 5, 2011 7:10am
Lots of bounce trades last night. Opened up 6 of them that had nice bounces (and a few stragallers from yesterday). Up 140 pips from last night. Closed a few but still exposed on others.... can't breath easy until they are all closed and net a profit

I've found bounce trades have some pretty nice moves.


Lain
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  • #7,078
  • Jul 5, 2011 7:16am Jul 5, 2011 7:16am
Quoting The7
Price will try to go to the weekly Pivot Point which is 1.0648. R:R was 1:3,5
That was a nice setup. Lets not miss these trades while we can make money with this system. Bad news is no system is profitable forever..
Hi The7 (or do you rather 7? )

Do you think it's "forever" or "always"?

I'm thinking there will always be profitable trades within this systems (or any system), but it's up to the trader's ability to pick them out.

Or do you think at some point every TDI cross will never be able to produce a profitable trade?.... I guess if that happens, you just start trading it backwards.


Lain
  • #7,079
  • Jul 5, 2011 7:31am Jul 5, 2011 7:31am
Quoting Lain
Hi The7 (or do you rather 7? )

Do you think it's "forever" or "always"?

I'm thinking there will always be profitable trades within this systems (or any system), but it's up to the trader's ability to pick them out.

Or do you think at some point every TDI cross will never be able to produce a profitable trade?.... I guess if that happens, you just start trading it backwards.


Lain
hello Lain! do you use 4h time frame? can you post your entrys? thanks
  • #7,080
  • Jul 5, 2011 7:46am Jul 5, 2011 7:46am
Quoting geobull
hello Lain! do you use 4h time frame? can you post your entrys? thanks
Hi Geobull,

Ya, 4HR time frame and I set my 4HR bars to start at 12am EST.
Here's my bounce trades. Bounced happened on the 8pm EST bar and so they were all opened at 12am EST. (You can see entry arrow at bottom of the chart and it's plotted on the chart also).

Given back some pips now that the US has opened... I don't know why the need to wreck the pip party.
Attached Image(s) (click to enlarge)
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