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Trading Made Simple

  • #8,541
  • Jul 20, 2011 5:49pm Jul 20, 2011 5:49pm
Quoting imperatorfr
Try, any comment ?

SL hit :'(
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  • #8,542
  • Jul 20, 2011 6:01pm Jul 20, 2011 6:01pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting Asw
Hi Guyz,

I,ve back tested this system on a M15 chart, using 7 months of data and starting with $10'000, trades taken without a straight bottom or top candle, ended blowing the account, trades taken with a straight top or bottom made $5491.00, using the same data.

Hope this information helps.

Many Thanks
Andy
The system is designed for a 4 hour chart.
By using it on a M15 you are already breaking the rules of the system.
He who wanders, never gets lost. No good deed goes unpunished.
  • #8,543
  • Jul 20, 2011 6:16pm Jul 20, 2011 6:16pm
Alexone, cyddus & syracuse4x....

After reading your questions... I suggest you take the time to read the complete thread...
  • #8,544
  • Jul 20, 2011 6:24pm Jul 20, 2011 6:24pm
is this the time you start trading?? ps good morning from London -wm
Sleeping boys catch no fish
  • #8,545
  • Jul 20, 2011 6:32pm Jul 20, 2011 6:32pm
another big 1hr candle smash out - wot s in store now - wm
Sleeping boys catch no fish
  • #8,546
  • Jul 20, 2011 6:59pm Jul 20, 2011 6:59pm
Quoting imperatorfr
SL hit :'(
Have a look at the slope (up/down) of the red line when the bar has closed over the yellow. You may have entered to soon.

http://i55.tinypic.com/nd6a14.jpg
Good Trading
  • #8,547
  • Jul 20, 2011 7:02pm Jul 20, 2011 7:02pm
Quoting GT_Pips
The system is designed for a 4 hour chart.
By using it on a M15 you are already breaking the rules of the system.
I'm just trying to say, you get better results when the candle has a flat top or bottom, and just sharing this info with others, not breaking rules, I am fully aware this system is a 4 Hour stratergy.
  • #8,548
  • Jul 20, 2011 7:41pm Jul 20, 2011 7:41pm
Just a reminder:
1) 4hr tf is preferable
2) prefer trade when tdi angle is the same as the higher tf
3) long ha candle with flat top or bottom at entry is preferred
  • #8,549
  • Jul 20, 2011 8:34pm Jul 20, 2011 8:34pm
Quoting Asw
I'm just trying to say, you get better results when the candle has a flat top or bottom, and just sharing this info with others, not breaking rules, I am fully aware this system is a 4 Hour stratergy.

Just to clarify, by "flat top or bottom," do you mean that a buy would have no bottom wick/ a sell no top wick or that both would have neither a top or a bottom wick?

JR
  • #8,550
  • Jul 20, 2011 8:38pm Jul 20, 2011 8:38pm
Quoting Asw
Hi Guyz,

I,ve back tested this system on a M15 chart, using 7 months of data and starting with $10'000, trades taken without a straight bottom or top candle, ended blowing the account, trades taken with a straight top or bottom made $5491.00, using the same data.

Hope this information helps.

Many Thanks
Andy

Thanks for the tip
Indicators always obey Price, not the other way.
  • #8,551
  • Jul 20, 2011 9:00pm Jul 20, 2011 9:00pm
Quoting JRpips8
Just to clarify, by "flat top or bottom," do you mean that a buy would have no bottom wick/ a sell no top wick or that both would have neither a top or a bottom wick?

JR
Yes. The first. The entry is where you want these type candles.
  • #8,552
  • Jul 20, 2011 9:07pm Jul 20, 2011 9:07pm
Quoting AlexC
Yes. The first. The entry is where you want these type candles.


Maybe this is a stupid question but does TDI have to be used with Heiken Ashi candles or can regular candlesticks be used?

Thanks in advance
  • #8,553
  • Jul 20, 2011 9:08pm Jul 20, 2011 9:08pm
Quoting Asw
I'm just trying to say, you get better results when the candle has a flat top or bottom, and just sharing this info with others, not breaking rules, I am fully aware this system is a 4 Hour stratergy.
I've also tested this with my platform (not MT4) on 4HR bars just to see if it made a difference.

In my tests it cuts the # of trades in half, hitrate stays about the same, profit drops due to less trade, profit per trade goes up though and draw down is greatly decreased.

Big E says a good looking HA bar is important so it appears no wick helps make a good HA bar but of course isn't 100% necessary.


Lain
  • #8,554
  • Jul 20, 2011 9:24pm Jul 20, 2011 9:24pm
That's all I wanted to say. Wish you all the same.

Have a great trading day.

Best,

Random Chapters
  • #8,555
  • Jul 20, 2011 10:24pm Jul 20, 2011 10:24pm
Quoting jcpen
Maybe this is a stupid question but does TDI have to be used with Heiken Ashi candles or can regular candlesticks be used?

Thanks in advance
Not a stupid question. With this TMS method, HA candles are easier to read.
But you can use whatever suits you.
  • #8,556
  • Jul 20, 2011 10:35pm Jul 20, 2011 10:35pm
Hey peeps,
I am currently eyeballing these 4HR set ups, what does anyone else think? Just an FYI, I do wait for a close above/below the 5EMA
CH/JP Short - if it closes below the TL
Au/US Short
AU/CA short
Thanks
Leona
  • #8,557
  • Jul 20, 2011 10:52pm Jul 20, 2011 10:52pm
Quoting leonaforex
Hey peeps,
I am currently eyeballing these 4HR set ups, what does anyone else think? Just an FYI, I do wait for a close above/below the 5EMA
CH/JP Short - if it closes below the TL
Au/US Short
AU/CA short
Thanks
Leona
CH/JP is against my rules ( TDI must be over 50 for a sell)
Au/Us looks good to me, I'll entered after the candle close if it stays like that
AU/CA i dont trade that pair.
The Mind creates reality.
  • #8,558
  • Jul 21, 2011 1:14am Jul 21, 2011 1:14am
Quoting JRpips8
Just to clarify, by "flat top or bottom," do you mean that a buy would have no bottom wick/ a sell no top wick or that both would have neither a top or a bottom wick?

JR
Long, no wick at the bottom and Short, no wick at the top.

Asw
  • #8,559
  • Edited 3:03am Jul 21, 2011 3:01am | Edited 3:03am
My chfjpy is still on going back and forth.

New ones are attached. Anyone in?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurgbp july 21.gif Size: 21 KB
  • #8,560
  • Jul 21, 2011 3:16am Jul 21, 2011 3:16am
Hi,
My preference is to look at the High/Low of the previous HA bar.
i.e for a BUY i look for a flat bottomed upbar with it's close above
the high of the previous HA bar.
For a SELL i look for a flat topped down bar with it's close below
the previous HA bar's low.
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