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Trading Made Simple

  • #13,161
  • Nov 2, 2011 12:28am Nov 2, 2011 12:28am
Quoting Callisto
......... support & resistance zones, same can be seen for EUR-USD around 1.3650 and GBP-USD at 1.5940, might be a tough day, or at least a few 4-hour candles, to trade but we shall see
Almost considering placing a counter pending trade on the au/jpy and see which one triggers!

EU looks promising for a reverse - will it overide the news / gloom / doom?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu - h4 11-1.gif Size: 23 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #13,162
  • Nov 2, 2011 1:01am Nov 2, 2011 1:01am
Quoting Britpip7
Almost considering placing a counter pending trade on the au/jpy and see which one triggers!

EU looks promising for a reverse - will it overide the news / gloom / doom?
Certainly most must think there will be a reaction to yesterday's over-reaction? And there is some news about the Greek situation, all settled down now, so yes, I'm thinking that too, but PA shall lead us, currencies have been like trains in the shunt yard, back and forth but never getting out, going down the track in one direction - but that should have been good for this method, no?

Someone actually asked me how to trade; can you believe that? Anyway, here are some CAD charts, this is an overview of CAD no recommendation to trade, it could go up to 1.10 or down 0.94 - nobody knows, all we can do is have an edge, let price tell us what is happening.

So first thing, look at the BIG picture, what do you see?
Attached Image (click to enlarge)
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OPPORTUNITY IS NOWHERE
  • #13,163
  • Nov 2, 2011 1:08am Nov 2, 2011 1:08am
Quoting Callisto
Certainly most must think there will be a reaction to yesterday's over-reaction? And there is some news about the Greek situation, all settled down now, so yes, I'm thinking that too, but PA shall lead us, currencies have been like trains in the shunt yard, back and forth but never getting out, going down the track in one direction - but that should have been good for this method, no?

Someone actually asked me how to trade; can you believe that? Anyway, here are some CAD charts, this is an overview of CAD no recommendation...
seems like retracement right now? will wait and see.
  • #13,164
  • Nov 2, 2011 1:10am Nov 2, 2011 1:10am
Next, I will go to 15 Min and place my specially set up Fib tool on the rcent high & low, in this case, main the Asian session.

If, as mentioned before, we are expecting EUR to recover, makes sense the CAD will go down.
Attached Image (click to enlarge)
Click to Enlarge Name: !_cad_02.gif Size: 35 KB
OPPORTUNITY IS NOWHERE
  • #13,165
  • Nov 2, 2011 1:21am Nov 2, 2011 1:21am
Then I go to 1 Hour chart and check the predicted daily high & lows, not that they have been respected the last few days, but it usually gives a great indication of where price can possibly go.

And I never enter "at market" always on a SELL STOP or BUY STOP which sort of goes against TMS rule of just "enter on that candle" but at least when I'm first in a trade, price is moving my direction

Speaking of which, while preparing this, price has gone thru that lower limit, so I have put a SELL LIMIT just to see if that gets triggered, you can watch this live, or I will enter lower later, on a stop

@ firsttimer, Retracement? what time frame, please elaborate with at least some small details or else your comments are too ambiguos and shall receive the ignore that they deserve
Attached Image (click to enlarge)
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OPPORTUNITY IS NOWHERE
  • #13,166
  • Nov 2, 2011 1:30am Nov 2, 2011 1:30am
[/IMG][/quote]
Quoting Callisto
Then I go to 1 Hour chart and check the predicted daily high & lows, not that they have been respected the last few days, but it usually gives a great indication of where price can possibly go.

And I never enter "at market" always on a SELL STOP or BUY STOP which sort of goes against TMS rule of just "enter on that candle" but at least when I'm first in a trade, price is moving my direction

Speaking of which, while preparing this, price has gone thru that lower limit, so I have put a SELL LIMIT just to see if...
4h time frame. waiting for candle to cross PAC for both charts.
am still learning. not sure if im doing correctly.

any comments are welcome. thanks.
  • #13,167
  • Nov 2, 2011 1:32am Nov 2, 2011 1:32am
left out the pic in previous post.
Attached Image (click to enlarge)
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  • #13,168
  • Nov 2, 2011 1:35am Nov 2, 2011 1:35am
eur / usd 4h retracement ?
Attached Image (click to enlarge)
Click to Enlarge Name: setup1.gif Size: 25 KB
  • #13,169
  • Nov 2, 2011 3:19am Nov 2, 2011 3:19am
OK, 1 hour into the trade, before London Open, # 1 is where missed setting a SELL STOP, entered on a SELL LIMIT, you can check the time stamps, risk has been minimal but "anything can happen" it could shoot up in 2 minutes and take out my STOP LOSS costing me 2% - always use stop loss

profit shown in PIPS, drop the last number

Has TDI crossed on 4 Hour for anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: !_cad_06.gif Size: 56 KB
OPPORTUNITY IS NOWHERE
  • #13,170
  • Nov 2, 2011 4:46am Nov 2, 2011 4:46am
Stopped out at Break Even (BE) price has surge up

Followed trade plan, money management, move on to next set up
OPPORTUNITY IS NOWHERE
  • #13,171
  • Nov 2, 2011 7:25am Nov 2, 2011 7:25am
Quoting Callisto
In your expert opinion, do you really think that the Synergy APB candles are suited to watching the real Price Action?

As seen in the screenshots, this type of candle fills in where price never was; also make any backtest using these totally useless IMHO, your thoughts?
http://i40.tinypic.com/w9hgcp.png
http://i41.tinypic.com/wh191j.png
any explanation about this matter ? from any one! plz
  • #13,172
  • Nov 2, 2011 8:11am Nov 2, 2011 8:11am
Quoting helppip
any explanation about this matter ? from any one! plz
Callisto is absolutely correct; place 2 charts, same pr same TF same candle, side by side and start comparing the H & the L of a candlestick. I have often looked at a HA wick and then looked down at the bottom and often not the same. It is how the HA is calculated and I'm far from expert on this but I believe price(s) from the previous bar is used in the calculation. How accurate is that?

But this strategy works so if one stays within the simple rules & positive money can be had - simple but not always easy. And anyone correct me if the above comments are wrong in some aspect. p.
  • #13,173
  • Nov 2, 2011 8:21am Nov 2, 2011 8:21am
Hello everybody !!!

I am trading this system in lilbit different way. I am waiting when H1 tdi cross will be crossed in the same direction as tdi H4 and tdi D1. I show on the chart my entry. It is gives me a good results, i am not sure if i am correct about trading in this way. I would appreciate for your opinion
Attached Image (click to enlarge)
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  • #13,174
  • Nov 2, 2011 8:39am Nov 2, 2011 8:39am
Quoting mavricos
Hello everybody !!!

I am trading this system in lilbit different way. I am waiting when H1 tdi cross will be crossed in the same direction as tdi H4 and tdi D1. I show on the chart my entry. It is gives me a good results, i am not sure if i am correct about trading in this way. I would appreciate for your opinion
Certainly a very safe way to trade going with the trends. What prompts an exit?
  • #13,175
  • Nov 2, 2011 8:43am Nov 2, 2011 8:43am
i following the system exit by tdi
  • #13,176
  • Nov 2, 2011 9:44am Nov 2, 2011 9:44am
The trade triggered last night and then reversed - SL stayed intact. Currently -30 pips on each position - max DD last night was -85 on each position - always happy when it does that and I'm asleep - no urge to close the trade - follow the plan - let the plan be with you!

Trade settings:
ATR on H4 was 85
SL just above previous top = 120pips - could have set @ 170pips which would have addressed the 10/18 high
TP1 2XATR on H4 = 170 pips
TP2 4XATR on H4 = 330 pips - note BRN possibility @ 1.5000 and previous swing low so set TP2 @ 1.5050 to avoid the support levels.

Major cautionary note - FOMC press announcement today - you never know what these clowns will announce next, so guard your positions - ask me how I know this!!!

Closed the aud/usd positions this morning - no movement and trade had not triggered - I do not like too many pendings sitting in the background, especially with FOMC on the timetable.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud 11-2.gif Size: 25 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #13,177
  • Nov 2, 2011 9:49am Nov 2, 2011 9:49am
Quoting helppip
any explanation about this matter ? from any one! plz
Candles show you price action and HA / APB are averaging systems - if use them overlay with bar charts so that the PA is not masked out.

On the higher timeframes I prefer candles H4 and upward - IMHO it is the only ways to watch PA. As with any charts, once you start averaging, you can miss the real time message!
"To live with Passion, it takes Courage and Grace to survive"
  • #13,178
  • Nov 2, 2011 9:53am Nov 2, 2011 9:53am
Anyone go short in on short AUD/USD and EUR/USD and long on USD/CHF last night? I saw the signals on the 12:00am (EST) 4hr bar and woke up at 8:30 to ~+200 pips. I wish I could post the charts but I am at my day job. Does anyone know how to replicate the TDI on an online chart? I would love to be able to look for signals at work but can not download programs and am limited to online based charts.
  • #13,179
  • Edited 10:50am Nov 2, 2011 10:48am | Edited 10:50am
Per Britpip7: "On the higher timeframes I prefer candles H4 and upward - IMHO it is the only ways to watch PA. As with any charts, once you start averaging, you can miss the real time message!"

So do you switch back and forth between regular candlestick or bar chart and the HA because I think most of your posted charts have shown the HA.
I shorted the gbp/chf last night and got up a couple of times to check on it, always at a small loss. This morning I saw a small profit and closed it but should have had a "Sit Tight" mode going because it moved 18 more pips in my direction after closing. But a small + is better than a small (-).

edit: This is not a pr I usually trade but was showing a good setup at the time.
  • #13,180
  • Nov 2, 2011 11:18am Nov 2, 2011 11:18am
Quoting piprac
Per Britpip7: "On the higher timeframes I prefer candles H4 and upward - IMHO it is the only ways to watch PA. As with any charts, once you start averaging, you can miss the real time message!"

So do you switch back and forth between regular candlestick or bar chart and the HA because I think most of your posted charts have shown the HA.
I shorted the gbp/chf last night and got up a couple of times to check on it, always at a small loss. This morning I saw a small profit and closed it but should have had a "Sit Tight" mode going because it...
The charts I usually post on this thread have Synergy APB and usually have the price bars as an overlay to show PA. I primarily trade using the TMS indicators on Day / H4 and H1.

The charts that I use have several different set-ups including the TMS and would only spawn a batch of non TMS questions, so out of respect for the thread I only post TMS charts and have moved back to the basic indicators plus the TMS Osc Hist 3TF which has replaced the Stochastics.
Attached Image (click to enlarge)
Click to Enlarge Name: djc h4 tms chart.gif Size: 23 KB
"To live with Passion, it takes Courage and Grace to survive"
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