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Trading Made Simple

  • #12,441
  • Oct 9, 2011 4:53am Oct 9, 2011 4:53am
"i will place the S/L at B/E"

what means B/E ??
  • #12,442
  • Oct 9, 2011 7:46am Oct 9, 2011 7:46am
Quoting 33drifter
there are plenty of situations where the TDI crosses and then repaints to flatten out or bounce and vice versa so what we see as hind sight is not what we would have seen in real time. also with the Synergy candles we cant see the open/close price of candles so exact pips gained or lost cant be tested accurately.

Of course you can get a good idea but its not a true representation.


DEAN, youve got me intrigued, what are you working on??

I repeat...The tdi cross does NOT repaint. If you see a cross on the candle close and it disappears on the next candle close, you not using the correct Tdi. Besided you can use this indicator to see open and close values for backtesting the Heiken Ashi candles.
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File Type: ex4 #OHLC - HA.ex4   5 KB | 724 downloads
  • #12,443
  • Oct 9, 2011 1:40pm Oct 9, 2011 1:40pm
Quoting The7
I repeat...The tdi cross does NOT repaint. If you see a cross on the candle close and it disappears on the next candle close, you not using the correct Tdi. Besided you can use this indicator to see open and close values for backtesting the Heiken Ashi candles.
It would help everyone if you have a TDI indicator that is accurate and does not repaint, so everyone can be looking at the same indicator. Thanks for your help.

Jim
  • #12,444
  • Oct 9, 2011 2:47pm Oct 9, 2011 2:47pm
B/E = break even
  • #12,445
  • Oct 9, 2011 3:14pm Oct 9, 2011 3:14pm
Quoting bigjim1958
It would help everyone if you have a TDI indicator that is accurate and does not repaint, so everyone can be looking at the same indicator. Thanks for your help.

Jim

Yes, It would be great to have this indicator which does not refresh itself.
Indicators always obey Price, not the other way.
  • #12,446
  • Oct 9, 2011 6:24pm Oct 9, 2011 6:24pm
Quoting Britpip7
As far as I know - you are limited to a distribution list of 3 on PMs - not sure if there is any difference for "buddy list" members - please include me on your distribution list

Cheers
Thanks and yes I will
  • #12,447
  • Oct 9, 2011 11:00pm Oct 9, 2011 11:00pm
Quoting maxtrader
Yes, It would be great to have this indicator which does not refresh itself.
I'm yet to see a TDI that repaints after candle close. When Big E talks a cross he's not talking a fraction of an inch/ couple pixel cross of the red green. Sometimes at an intersection of the red green it does look like a minute cross but I think this is just reflection of the thickness of the lines and the angle they are intersecting. When you see a cross you want to see a clear defined extension of one line across the other. Can someone please post up a before and after showing one of these repainting line crosses if they do exist? You should be able to replicate it in strategy tester once you see one happen. The indicator I use that I've never seen a repaint on is on the first page labelled TDI Red Green. Also to search through easily to find other indicators go to the top right of the screen and click on the little paperclip. Then once in the "attachments" section hit the button at the top that says "hide images". You'll be left with 6 pages of attachments where it's easy to find all the indicators, .PDFs, docs and spreadsheets posted.

cheers,

Dud
Everyone's got a plan until they get punched in the face
  • #12,448
  • Oct 10, 2011 1:14am Oct 10, 2011 1:14am
Quoting Geges
[attach][attach]802811Attachment

Attachment

Hello,

I am just learning this method.

I attached a audusd dailey and 4 hour charts.

They both seem to be good setups as I understand the method. But going opposite directions.

Would someone with experience please advise me how they interpret the setup?

TIA
G
Well Geges if you look at TDI on the 4hour chart you will notice that it hasn't reached the 68 zone yet. its just under the 68 zone > then when you go to daily you will see TDI in the 32 zone which means that there will most probably be a bounce on the 4 hour chart which will allow the TDI to go int the 68 zone. so to wait until its in the 68 zone will be a better option.
Hope this has helped to some extent
I have learnt this by loosing a good few pips.
X-man the legendary conqueror of markets
  • #12,449
  • Oct 10, 2011 2:12am Oct 10, 2011 2:12am
Quoting cajun
Congrats X-Man, i have also done the same thing last week, after 37 years in accounting i decided to call it quits and go Forex fulltime, haven't made quite as much as you my first week but i did make 365 pips trading .1 lot with TMS.
Thanks Big-E for a great and simple system, thanks to all the contributors to this system, all i have been doing for the past 2 months is reading the threads and studying the charts of all you contributors, thanks.

Good Luck
cajun
Hi Cajun

I think 365 pips for the week is really good, my usual average pips for the week is 150 to 250 pips for a week. last week was just a really good trading week for me although it started of with -70pips on monday. So i do end up losing trades but my win trades are far more bigger than my losing trades.
My target for this week is 200pips.
Happy pippin to you
X-man the legendary conqueror of markets
  • #12,450
  • Oct 10, 2011 2:17am Oct 10, 2011 2:17am
Quoting X-Man
Well Geges if you look at TDI on the 4hour chart you will notice that it hasn't reached the 68 zone yet. its just under the 68 zone > then when you go to daily you will see TDI in the 32 zone which means that there will most probably be a bounce on the 4 hour chart which will allow the TDI to go int the 68 zone. so to wait until its in the 68 zone will be a better option.
Hope this has helped to some extent
I have learnt this by loosing a good few pips.
This is a good question.

Given that there is a higher probability of success when you trade with the trend , how many reversal candles on a daily TF would be considered a definite change of trend? There are two strong upward candles on the daily in this example after a very strong downward trend.

I ask this because in this example the first reversal candle on the 4 HR looks weak. Then looking at my own 4 HR charts to see how it played out there were two further downward candles and then the trend continued following back up in line with the daily trend. On the face of it definitely an opportunity occurred as it went down 70 pips or so but if you had got in on the second candle it would have run out of steam pretty quick by the look.

Would a trade on a 4 hr candle against an obvious daily trend generally not be considered a "best possible set up" ?
  • #12,451
  • Oct 10, 2011 3:08am Oct 10, 2011 3:08am
Not a good start to the week with regard to sticking to the rules. Picked up 40 pips on USDCAD and EURJPY 4H after setting a 5 pip trailing stop before leaving work as I couldn't keep an eye on them. So far I've given up 120 more pips.

Better than getting no pips I guess. Need a rubber band on my wrist to snap every time I don't follow the exit rules.
Everyone's got a plan until they get punched in the face
  • #12,452
  • Oct 10, 2011 3:15am Oct 10, 2011 3:15am
Quoting Dud45
Not a good start to the week with regard to sticking to the rules. Picked up 40 pips on USDCAD and EURJPY 4H after setting a 5 pip trailing stop...
sorry...5 pips trailing stop? you asked it to be hit try a wider TS or simply move it to BE~
Buying Tops, Selling dips xP
  • #12,453
  • Oct 10, 2011 3:23am Oct 10, 2011 3:23am
Quoting Dud45
Not a good start to the week with regard to sticking to the rules. Picked up 40 pips on USDCAD and EURJPY 4H after setting a 5 pip trailing stop before leaving work as I couldn't keep an eye on them. So far I've given up 120 more pips.

Better than getting no pips I guess. Need a rubber band on my wrist to snap every time I don't follow the exit rules.
List 30 pips. If you have 5 pips, then is good for 1 minutes.
  • #12,454
  • Oct 10, 2011 3:46am Oct 10, 2011 3:46am
Quoting Dud45
Not a good start to the week with regard to sticking to the rules. Picked up 40 pips on USDCAD and EURJPY 4H after setting a 5 pip trailing stop before leaving work as I couldn't keep an eye on them. So far I've given up 120 more pips.

Better than getting no pips I guess. Need a rubber band on my wrist to snap every time I don't follow the exit rules.
Not a very good idea to open trades and leave for work, i have done that many times and lost money by doing this, the last 3 months of my working career i stopped doing this and started trading before and after work and saw a significant increase in my earnings.

cajun
  • #12,455
  • Oct 10, 2011 4:51am Oct 10, 2011 4:51am
short EU @ 1.3577 on 15minute
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  • #12,456
  • Oct 10, 2011 5:20am Oct 10, 2011 5:20am
Quoting sabams
short EU @ 1.3577 on 15minute

Hmmm - thats weird - am i seeing wrongly or my candels look slightly different?

http://img18.imageshack.us/img18/818...1010141749.jpg

What could be the reason for this?
  • #12,457
  • Oct 10, 2011 7:26am Oct 10, 2011 7:26am
Quoting gamekeeper
This is a good question.

Given that there is a higher probability of success when you trade with the trend , how many reversal candles on a daily TF would be considered a definite change of trend? There are two strong upward candles on the daily in this example after a very strong downward trend.

I ask this because in this example the first reversal candle on the 4 HR looks weak. Then looking at my own 4 HR charts to see how it played out there were two further downward candles and then the trend continued following back up in line with the...
I wouldn't say how many candles must form for a reversal, When you see that happening on the daily chart its a good idea to pull out your fibb tool because its a retracement. Retracements happens all the time, so I would pull out my fibb take a long trade and set my tp at the 38.2% level on the fibb. If you go to the A/U daily you will notice that level was hit and all those pips would be yours. The other levels are the 50% and the 68% but I always set it on the 32% because that has a higher probability of been hit on a higher TF. If you on a lower TF then you can set TP at 50% or 68%.
I would say that when PA breaks through the 100% level then thats considered as a change in trend. So thats my personal way of trading retracements using TMS to look for those crossovers to enter.

Gamekeeper does this answer your question? Theres no hard and fast rule to determine whether theres a change in trend. We as traders just have to stick to our rules and must learn to adapt to PA. You must have a witty edge that will allow you to be on top of your game
X-man the legendary conqueror of markets
  • #12,458
  • Oct 10, 2011 9:59am Oct 10, 2011 9:59am
I'm still in this trade.
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  • #12,459
  • Oct 10, 2011 10:02am Oct 10, 2011 10:02am
I'm looking at exiting this trade soon. Most likely on the 12noon CST candle.
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  • #12,460
  • Edited 10:09am Oct 10, 2011 10:07am | Edited 10:09am
Closed the US morning session trade (short term on 30 min chart) for a +110 pip gain.

Exited at the begin of 12noon candle.
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