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Trading Made Simple

  • #11,541
  • Sep 14, 2011 5:30pm Sep 14, 2011 5:30pm
I don't beliieve it's conservative at all. When I first started using this system I would trade whenever there was a tdi cross. Not taking in mind waiting for the candle to close or crossing of the 5ma.

I got burned and badly. With some practice this system is almost 90% like Big E says. It just takes some time to find the right trades and to know what to look for.

This system along with your basic fib and s&r and you're golden
  • #11,542
  • Sep 14, 2011 5:58pm Sep 14, 2011 5:58pm
Quoting Dfive
I replied to ur first post. i thought it was a long too at first wit -20 but later saw it was a bounce then i went for it. i took out +50 from it.
Yeah, I just saw it.
Well I am fairly new to the system so I am not trading bounces at all, for now, and since it's just a demo account I didnt go in after I lost the pips.
  • #11,543
  • Sep 14, 2011 10:04pm Sep 14, 2011 10:04pm
Here's a nice bounce off the 40ema and in sync with the weekly and daily timeframes.

looks like a major support at 1.01000 but it makes a good TP point for a quick scalp

EDIT: got out with -5 ..started turning on me. guess ill wait til london opens.. isnt worth the time right now
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  • #11,544
  • Sep 14, 2011 10:10pm Sep 14, 2011 10:10pm
Hey everyone happy trading. I wanted to get some opinions on if this is a good trade on the daily. I got in on the 2nd candle after the cross. I enjoy the daily because I can read price action a little better. This is a demo account so I'm just getting the method that Mr. eelfranz is teaching down. It is truly an incredible method. my first week I made over 350 pips trading this method on the daily. But I was a little leery of this trade. Please get back to me. Thank you everyone....

Again Happy Trading
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  • #11,545
  • Sep 14, 2011 10:22pm Sep 14, 2011 10:22pm
Quoting gallenl
Hey everyone happy trading. I wanted to get some opinions on if this is a good trade on the daily. I got in on the 2nd candle after the cross. I enjoy the daily because I can read price action a little better. This is a demo account so I'm just getting the method that Mr. eelfranz is teaching down. It is truly an incredible method. my first week I made over 350 pips trading this method on the daily. But I was a little leery of this trade. Please get back to me. Thank you everyone....

Again Happy Trading
Hi Gallenl - I've also recently been paying more attention to the daily and appears to be working ok. On this particular entry, it's against the Weekly (& Monthly) direction of TDI. Not saying it'll come back with them, but I try to go in the direction of longer term trend. May work out though - watch it close. Just my thoughts.
  • #11,546
  • Edited 10:35pm Sep 14, 2011 10:24pm | Edited 10:35pm
Guys Euro has just crossed on the daily upwards and the 4h is bouncing nicely.

Also if you look at the 1H chart there is a nice hidden divergence along with upward channel.

What your thoughts? Currently in profit plus 30 pips


PS. also LTL seems to be on the 61 Fib of the 15m channel.....
  • #11,547
  • Edited 11:36pm Sep 14, 2011 11:20pm | Edited 11:36pm
Here's a nice wedge on the gu.

Gonna wait for a breakout and I'll look into taking positions.. im guessing around the london open it's gonna make a nice move. dont mind the previous trade that's on the chart =)

my guess it's going down as per the crisis in europe.. probly looking to short the euro as well but not quite yet.. maybe tomorrow
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  • #11,548
  • Sep 15, 2011 12:17am Sep 15, 2011 12:17am
Morning from the UK.

I have the Watchdog indicator and I've read every post I could find about it so I hope my question isn't annoyingly stupid (or answered elsewhere).

I have seen on some posts that a 'good' number for the Current Slope is 4.5 or higher for the requisite 12-2 or 4-6 entry; is this figure (4.5 or higher) only relevant on the cross of the TDI or is it equally relevant after the cross?

(Here's an example: a cross happens and shows on the watchdog indicator: Cur.Slope 2.4 [cross] and so wouldn't be considered a 'safe' trade... 4 hours later (in a 4 hour timeframe chart) the watchdog indicator now shows: Cur.Slope 6.2, Prev.Slope 2.4 [cross].... is this now potentially a 'safe' trade?)

Many thanks in advance,

Julian
  • #11,549
  • Sep 15, 2011 12:20am Sep 15, 2011 12:20am
hiya.. dont know much about the watchdog indicator.. could you give me a post number?
  • #11,550
  • Sep 15, 2011 12:44am Sep 15, 2011 12:44am
Quoting dmostpips
Hi Gallenl - I've also recently been paying more attention to the daily and appears to be working ok. On this particular entry, it's against the Weekly (& Monthly) direction of TDI. Not saying it'll come back with them, but I try to go in the direction of longer term trend. May work out though - watch it close. Just my thoughts.

I see what you mean. I will certainly start paying attention to the weekly and monthly time frames. I do remember in the material for the post that checking other tfs is important. But happens if the daily agrees with the weekly yet the monthly is opposite? The method is simple but honing it takes patience....thanks for reply
  • #11,551
  • Sep 15, 2011 1:57am Sep 15, 2011 1:57am
3 new orders. what'd u guys think?
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  • #11,552
  • Sep 15, 2011 2:02am Sep 15, 2011 2:02am
Quoting Dyekid217
hiya.. dont know much about the watchdog indicator.. could you give me a post number?
Sorry, read so many posts over the last 2 weeks I can't remember, just search for "watchdog" in this thread and you'll find it.
  • #11,553
  • Sep 15, 2011 2:28am Sep 15, 2011 2:28am
I'm newbie and need the help. I entered long gbr/usd. It was 2 candle opened above 5 ema. TDI crossed, stoch up. But now candle change the colour. TDI has the angle 3 o'clock, stoch is down.

What is wrong. As I understand the backtest doesn't show such changes.

What to do?

P.S.
Sorry for my English
  • #11,554
  • Sep 15, 2011 2:56am Sep 15, 2011 2:56am
Quoting Dyekid217
hiya.. dont know much about the watchdog indicator.. could you give me a post number?
If you click on the paper clip at top right of this page then click "hide images" in the pop up window its the first indicator or you can find it in post #11376
  • #11,555
  • Sep 15, 2011 3:15am Sep 15, 2011 3:15am
Quoting chust
I'm newbie and need the help. I entered long gbr/usd. It was 2 candle opened above 5 ema. TDI crossed, stoch up. But now candle change the colour. TDI has the angle 3 o'clock, stoch is down.

What is wrong. As I understand the backtest doesn't show such changes.

What to do?

P.S.
Sorry for my English

UK retail sales due in a few mts. probably due to that
  • #11,556
  • Sep 15, 2011 4:05am Sep 15, 2011 4:05am
Quoting 4xforex
UK retail sales due in a few mts. probably due to that
Thanks. I looked in the calendar. It looks like I entered 30 minutes before "UK retail sales".

So is it better not to trade before important news?
  • #11,557
  • Sep 15, 2011 4:13am Sep 15, 2011 4:13am
Anyone long on G/J? TDI just come up from 32 and nice cross.

I didnt get in though, the trend look very dangerous to go long.
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  • #11,558
  • Sep 15, 2011 5:52am Sep 15, 2011 5:52am
I am looking at the watchdog indicator and understand it, except for the "Current HA ?/?/?" what is this telling me about Heiken Ashi candles?

Thank you.
  • #11,559
  • Sep 15, 2011 6:42am Sep 15, 2011 6:42am
Quoting keeper81
I am looking at the watchdog indicator and understand it, except for the "Current HA ?/?/?" what is this telling me about Heiken Ashi candles?

Thank you.
This indi was made by Plamendp, so look in the thread for his posts and you will find explanation in details, and up to date version of the indicator (I had and still have problems with overlapping of labels and am not using it. ).
  • #11,560
  • Sep 15, 2011 6:45am Sep 15, 2011 6:45am
Quoting keeper81
I am looking at the watchdog indicator and understand it, except for the "Current HA ?/?/?" what is this telling me about Heiken Ashi candles?

Thank you.
Hi ...

The numbers represent Candle info in this form - Body / Upper Wick / Lower Wick.

I'm not sure whether the numbers are pips or some other measurement, but they are an indication at least.

Columns are constant - e.g. upper wick column is always upper wick, lower wick column is always lower wick. So, in the ideal world, on a buy you want the lower wick to be close to 0, on a sell you want the upper wick to be close to 0.

Hope that helps!
1 pip at a time ... if the entries are strong, the rest will follow ...
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