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Trading Made Simple

  • #12,721
  • Oct 18, 2011 7:13pm Oct 18, 2011 7:13pm
Quoting TraderJak
Thanks for tip piprac, have loaded that in and will try that for a while - I always thought I was a good judge of the angle but maybe not.
I thought I was a good judge too but definately NOT. Good luck. p
  • #12,722
  • Oct 18, 2011 7:48pm Oct 18, 2011 7:48pm
Quoting TraderJak
Had a really bad run lately - using 4H TF but only entering at 0600, 1800 and 2200 GMT but today was completely crap. At 0600 I had a definite buy signal and entered a buy trade on Cable (demo micro account) and 'jinged' it. On checking later I had lost over 80 pips. Looking backwards on the screen there was no buy signal so I jinged that as well to compare, The before and after views are attached. I had 4 like this recently, all seemed to be the opposite when I checked back. Can PA really change the TDI like this?

Yes TDI does this a lot, but some members will still tell you that TDI does not refresh like this.
Indicators always obey Price, not the other way.
  • #12,723
  • Oct 18, 2011 8:29pm Oct 18, 2011 8:29pm
Quoting TraderJak
Had a really bad run lately - using 4H TF but only entering at 0600, 1800 and 2200 GMT but today was completely crap. At 0600 I had a definite buy signal and entered a buy trade on Cable (demo micro account) and 'jinged' it. On checking later I had lost over 80 pips. Looking backwards on the screen there was no buy signal so I jinged that as well to compare, The before and after views are attached. I had 4 like this recently, all seemed to be the opposite when I checked back. Can PA really change the TDI like this?
Hi TraderJak, do you normally enter as soon as the green crosses red at the start of a new candle? Or do you wait until candle close with green crossing red and then enter? I know traders use different methods so I was just wondering.

I would have probably waited to see what price did since you're buying into recent resistance looking to the left. I have trouble with this too sometimes so I make sure I look to the left first to see what's in my way. Something else to note is the divergence between the TDI and the candles. Not that it always plays out but it's good to consider it when taking a trade.
  • #12,724
  • Oct 18, 2011 10:22pm Oct 18, 2011 10:22pm
where are all the seniors? and their valuable analysis?
  • #12,725
  • Oct 18, 2011 11:26pm Oct 18, 2011 11:26pm
These are the trade results of my method (in post#12674):

sold EU at 1.3786 +7pips
sold GU at 1.5777 +4pips
sold EJ at 106.37 +15pips
sold EG at 0.8735 +26pips
sold Echf at 1.2360 +11pips
sold EJ at 106.36 +55pips
sold GU at 1.5721 +36pips

Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurchfh4.gif Size: 26 KB
Click to Enlarge Name: eurgbph4.gif Size: 26 KB
Click to Enlarge Name: eurjpyh4.gif Size: 29 KB
Click to Enlarge Name: eurusdh4.gif Size: 27 KB
Click to Enlarge Name: gbpusdh4.gif Size: 28 KB
Focused Thought & Strong Desire Manifest Reality
  • #12,726
  • Oct 18, 2011 11:45pm Oct 18, 2011 11:45pm
True Story -

Last week I was looking at a strong trade and my greed was running deep. Not following the rules I entered on candle 5 on the 15 minute. One full lot... Lost $308.00

fOLLOW THE RULES.
  • #12,727
  • Oct 19, 2011 12:01am Oct 19, 2011 12:01am
Quoting eelfranz
True Story -

Last week I was looking at a strong trade and my greed was running deep. Not following the rules I entered on candle 5 on the 15 minute. One full lot... Lost $308.00

fOLLOW THE RULES.
I did this last night! I had internet dramas through the London session meaning I couldn't trade until the end. Since I'd had a good start to the week I wanted it to continue so I forced a couple of weak bounce trades. Rather than stick to the rules I convinced myself I saw bounce trades as I didn't want to miss out on the end of the London session......
Everyone's got a plan until they get punched in the face
  • #12,728
  • Oct 19, 2011 1:59am Oct 19, 2011 1:59am
Hi senior traders,

lately iam noticing conflicting signals on H4 and H1 charts.
what do u do if H4 chart is a buy signal and H1 chart looks like a sell signal ( but not confirmed)?

thnx in advance,

Sorry if someone has replied to this sort of Qs earlier in this forum.
didn't notice it.
  • #12,729
  • Oct 19, 2011 2:33am Oct 19, 2011 2:33am
Maybe u have to change the settings in the TDI. 13,0,34,2,0,7,0

Quoting TraderJak
Had a really bad run lately - using 4H TF but only entering at 0600, 1800 and 2200 GMT but today was completely crap. At 0600 I had a definite buy signal and entered a buy trade on Cable (demo micro account) and 'jinged' it. On checking later I had lost over 80 pips. Looking backwards on the screen there was no buy signal so I jinged that as well to compare, The before and after views are attached. I had 4 like this recently, all seemed to be the opposite when I checked back. Can PA really change the TDI like this?
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.jpg Size: 157 KB
  • #12,730
  • Oct 19, 2011 3:00am Oct 19, 2011 3:00am
Hi guys
The reason why seniors hardly come on is because the newbies dont put in effort reading the thread and making notes of all the important posts.
In order to master the system you need to study the thread properly like you studying for an exam and then practice practice practice.


Well when you see the smaller TFs in the opposite direction that means the trend will be a very short trend which will then cross and go in the direction of the main trend . So if you want to be safe dont enter when the smaller TFs are against the bigger TFs wait for it to go in he same direction then enter and you will see you will make more pips like that.
Its just like how PHX explained the way he trades.
X-man the legendary conqueror of markets
  • #12,731
  • Oct 19, 2011 3:33am Oct 19, 2011 3:33am
Quoting TraderJak
The before and after views are attached. I had 4 like this recently, all seemed to be the opposite when I checked back. Can PA really change the TDI like this?
Hi Jak,

See below my chart from the same time with a vert line where you had yours. As you can see my TDI cross didn't repaint. This is what makes me think it is an indi issue. I see lehmann's chart has the cross still also.
Attached Image (click to enlarge)
Click to Enlarge Name: still cross.gif Size: 20 KB
Everyone's got a plan until they get punched in the face
  • #12,732
  • Oct 19, 2011 4:55am Oct 19, 2011 4:55am
Quoting Dud45
See below my chart from the same time with a vert line where you had yours. As you can see my TDI cross didn't repaint.
Note though that for you that candle has remained blue, whereas for Jak it's red, so I'd suggest your 4 hr candles refresh at slightly different times.


Quoting TraderJak
The before and after views are attached. I had 4 like this recently, all seemed to be the opposite when I checked back. Can PA really change the TDI like this?
Jak, couple of observations I'd make :

  1. As noted, slope/angle of cross may not have been sharp enough. Definitely an indicator that gives you values to judge slope by could come in handy.
  2. Cross occurred at approx 60, which means there is less room for it to move upwards.
  3. The new candle is "inside" the previous one. When doing my analysis I've found that more often than not this is a good reason to not enter the trade as it often means a change / consolidation / ranging is happening. My strong preference is candles that are clearly above or below the previous candles, not "inside".


The candles would be my big reason for not entering, plus the cross angle. The cross at 60 isn't such a major issue, but 3 factors combined would make it a no trade in my book.

Don't get downtrodden ... test, analyse, test, analyse.

1 pip at a time ... if the entries are strong, the rest will follow ...
  • #12,733
  • Oct 19, 2011 5:43am Oct 19, 2011 5:43am
Quoting TraderJak
Had a really bad run lately - using 4H TF but only entering at 0600, 1800 and 2200 GMT but today was completely crap. At 0600 I had a definite buy signal and entered a buy trade on Cable (demo micro account) and 'jinged' it. On checking later I had lost over 80 pips. Looking backwards on the screen there was no buy signal so I jinged that as well to compare, The before and after views are attached. I had 4 like this recently, all seemed to be the opposite when I checked back. Can PA really change the TDI like this?
It is beneficial to understand how candles and indicators work. There is nothing wrong or unreasonable with the chart images you posted. The TDI indicator calculates its data based on the current candle data.

You had a green candle and a TDI cross on an OPEN candle. By the time the candle CLOSED, it had reversed and turned into a red candle and the TDI cross turned into a TDI bounce instead. The TDI calculates its data from the current close value of the current open candle. If the candle changes, the TDI should change to reflect that.

Nobody complains about the candles repainting but there seem to be lots of complaints about the TDI repainting. The TDI is just following the candle. It DOES NOT predict the future. If the candle repaints, the TDI will repaint accordingly.

If you want to be sure about the signal, you will have to wait till the candle closes to confirm the cross. If you want to jump in early, it may be prudent to drop down to a lower time-frame to optimize your entry. Ie. enter on a continuation from pullback on a lower TF.

Having said that, there is a bug/feature? in the original TDI that causes it mostly to not update the value for the current candle. See this thread for more infomation on that:
http://www.forexfactory.com/showthread.php?t=294327
  • #12,734
  • Oct 19, 2011 7:09am Oct 19, 2011 7:09am
live trading : sell eurusd h1

Attached Image (click to enlarge)
Click to Enlarge Name: 4- sell eurusd h1.gif Size: 52 KB
  • #12,735
  • Oct 19, 2011 7:33am Oct 19, 2011 7:33am
AudUSD looks promising too.

Is there an easy way to add an alarm when the TDI crosses for a non-programmer?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD H1.JPG Size: 67 KB
We're all just one trade away from humility.
  • #12,736
  • Oct 19, 2011 8:02am Oct 19, 2011 8:02am
Quoting amiralifx
live trading : sell eurusd h1

Attachment
exit with -37 pips
  • #12,737
  • Oct 19, 2011 10:15am Oct 19, 2011 10:15am
Quoting Xaphod
Having said that, there is a bug/feature? in the original TDI that causes it mostly to not update the value for the current candle. See this thread for more infomation on that:
http://www.forexfactory.com/showthread.php?t=294327
Probably a bug. I make sure to click "refresh" before I consider entering a trade, as the refereshed version is obviously the true one. Here's the reason:

The way the TDI works is that any current candle will have to work against the TDI slope produced by the previous candle. Let's say our chart starts with C1 (candle1), which is a neutral candle (open+close is the same price). C2 is a strong down-candle. C2's down move will directly translate into a TDI down-slope which we see at the end of C2. Let's say C3 ends neutral, the slope at the end of C3 will be exactly the same as the one with which C2 ended.

C4 will again start with a neutral slope (C3 was neutral, that's why). Let's say C4 is an up-candle. The starting slope at the begining of C5 will directly reflect C4's price action. Now let's say C5 is a down-candle that moves down the same amount as C4 moved up, only then will C5's TDI slope result in an evenly horizontal slope. If C5's action is less than C4's action, then the slope will still point up slightly. It is only if C5's action is bigger than C4's that the slope will slightly reverse. It is only at the start of C6 that we can see the true extent of C5's action.

This means that any TDI angle has to be read relative to the previous angle and candle. The true nature of the previous candle can only be seen at the start of the current candle. So if a candle starts with an extreme slope, then we can anticipate that the current candle will have to make an extreme effort to overcome the slope inhereited rom the previous candle.

This is just an obervation, I'm uncertain about how one should react to this. Should one anticipate exits and entries earlier than BigE recommends?
  • #12,738
  • Edited 11:12am Oct 19, 2011 10:43am | Edited 11:12am
Quoting amiralifx
exit with -37 pips
News came out right around this time. I also entered at the start of that candle. When I saw the news come out I just watched it to see if it was actually going to continue up. When I saw price stopped at the previous high I stayed in the trade.
  • #12,739
  • Oct 19, 2011 11:43am Oct 19, 2011 11:43am
Quoting Kagawa
The way the TDI works is that any current candle will have to work against the TDI slope produced by the previous candle. Let's say our chart starts with C1 (candle1), which is a neutral candle (open+close is the same price). C2 is a strong down-candle. C2's down move will directly translate into a TDI down-slope which we see at the end of C2. Let's say C3 ends neutral, the slope at the end of C3 will be exactly the same as the one with which C2 ended.

C4 will again start with a neutral slope (C3 was neutral, that's why). Let's say...
In other words, a moving average crossover:
Attached Image (click to enlarge)
Click to Enlarge Name: tdt_and_macross.png Size: 28 KB
  • #12,740
  • Oct 19, 2011 11:50am Oct 19, 2011 11:50am
Quoting Apom
These are the trade results of my method (in post#12674):

sold EU at 1.3786 +7pips
sold GU at 1.5777 +4pips
sold EJ at 106.37 +15pips
sold EG at 0.8735 +26pips
sold Echf at 1.2360 +11pips
sold EJ at 106.36 +55pips
sold GU at 1.5721 +36pips

Nice Trading Apom !
Thanks for putting together your set of Rules.
I use similar rules to yours.
I have not been using the TDI yellow line, but I will take a look at it..
I also like to enter when the stoch is in or near the OB / OS level and pointing or hooking into the direction of the trade.

Cheers.
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