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  • #821
  • Dec 5, 2011 4:03am Dec 5, 2011 4:03am
Quoting Tdizzle1988
I entered on a 1H timeframe a couple of minutes after the 18:00 bar opened as the 17:00 bar closed with a strong buy signal from the TDI.

I took position at 1.34154 and rode the move up for +22 PIPS, I was up +31 PIPS but market pulled back and I closed position manually.

According to trading made simple and what I understand of X-mans tweaks we are looking at buy or sell signals on or just prior to London opening and I took the trade based on this principal as the TDI was giving me a buy signal.

As I am only a very new trader, I have...
OK - so going by that you're not trading based on hourly bars at the open of the new candle then, if you're trading based on hourly chart you cannot trade just prior to the open unless you are trading on a candle that hasn't closed yet (unless you are trading off a smaller TF chart of course).

I'm still long EU myself atm but only up about 15 pips
  • #822
  • Dec 5, 2011 4:05am Dec 5, 2011 4:05am
Quoting X-Man
i entered long at 1.34463.
Pips are still around breakeven for me.
Thank you!
you waited the break of the range of the Asian session?
  • #823
  • Dec 5, 2011 4:09am Dec 5, 2011 4:09am
Heres my live chart of E/U
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 111 KB
X-man the legendary conqueror of markets
  • #824
  • Dec 5, 2011 4:21am Dec 5, 2011 4:21am
I went short on EU. looking for 3350 area. tight stop
  • #825
  • Dec 5, 2011 4:25am Dec 5, 2011 4:25am
Quoting X-Man
Heres my live chart of E/U
Yeah that's roughly where I got in - 1.3386 on my mT4 chart. 1.3440 with my broker. Price currently coming back to entry
  • #826
  • Dec 5, 2011 4:27am Dec 5, 2011 4:27am
Quoting hutrader
I went short on EU. looking for 3350 area. tight stop
I would appreciate some information on your motivation for this trade according to the strategy please.
Success is a marathon, not a sprint!
  • #827
  • Dec 5, 2011 4:29am Dec 5, 2011 4:29am
Quoting hutrader
I went short on EU. looking for 3350 area. tight stop
EU
Our green just crossed north over red on the 4H...our march north may not be over just yet...good with the tight SL!
Enter Signature
  • #828
  • Dec 5, 2011 4:40am Dec 5, 2011 4:40am
because we are in the supply area. last weeks drop in EU friday in US session doesn't make me feel to stay long.
Attached Image (click to enlarge)
Click to Enlarge Name: FF1.jpg Size: 141 KB
  • #829
  • Dec 5, 2011 4:48am Dec 5, 2011 4:48am
Quoting SmokeyD
EU
Our green just crossed north over red on the 4H...our march north may not be over just yet...good with the tight SL!

Maybe...TDI means jack until the bar is closed and the cross confirmed
  • #830
  • Edited 5:06am Dec 5, 2011 4:55am | Edited 5:06am
Quoting nunrgguy
Maybe...TDI means jack until the bar is closed and the cross confirmed
Actually, his entry is good especially depending on which version of the tdi he uses. People here seem to want the tdi that updates with every tick. Myself, I like to use the one that doesn't update. The slope is a little shallow, but he has other confirming signals like the bounce on the 60 ema with confluence on the middle of the channel on the shi channel, current price action looks fine. If I wasn't still testing this method, I would say he has a good case for a trade.
"IN CASH WE TRUST"
  • #831
  • Dec 5, 2011 5:02am Dec 5, 2011 5:02am
Entry is good on the H4 chart on a bar that isn't closed yet and on my TDI not even close to crossing, how is that a good entry on the H4 basis? Yes it was a good entry on H1, but there was no entry there yet on H4. There is now at 11 o clock with the open of the new bar, previous bar momentum and a TDI cross but before that you're jumping the gun and liable to whipsaw on a bounce.

Something else to consider if entering on H1 or lower, see momentum on a higher TF and considering staying in - price will pull back to zero stops out. If you've moved your stop based on H1 or less movement you are very much likely lose all profit and get stopped out unless you are prepared to leave the stop much wider (based on H4 range)
  • #832
  • Dec 5, 2011 5:08am Dec 5, 2011 5:08am
guys i closed my trade at 1 pip.
Too many candles passed with PA sitting at my entry so thats when you must know that close it at break even and look for the next set up.
X-man the legendary conqueror of markets
  • #833
  • Dec 5, 2011 5:21am Dec 5, 2011 5:21am
Quoting nunrgguy
Entry is good on the H4 chart on a bar that isn't closed yet and on my TDI not even close to crossing, how is that a good entry on the H4 basis? Yes it was a good entry on H1, but there was no entry there yet on H4. There is now at 11 o clock with the open of the new bar, previous bar momentum and a TDI cross but before that you're jumping the gun and liable to whipsaw on a bounce.

Something else to consider if entering on H1 or lower, see momentum on a higher TF and considering staying in - price will pull back to zero stops out. If you've moved...
Thank-you for the discussion. If everyone agreed, nobody would learn anything. You are pretty conservative. A compliment in the FX world. http://www.forexfactory.com/images/icons/icon6.gif
"IN CASH WE TRUST"
  • #834
  • Dec 5, 2011 5:28am Dec 5, 2011 5:28am
Quoting X-Man
guys i closed my trade at 1 pip.
Too many candles passed with PA sitting at my entry so thats when you must know that close it at break even and look for the next set up.

Thnx X-Man, waiting to hear for next one.
  • #835
  • Dec 5, 2011 5:39am Dec 5, 2011 5:39am
Short signal coming up on the 1hr EUR/USD ? waiting til 12 and a crossover and i'm going short.... whose with me??
  • #836
  • Dec 5, 2011 5:49am Dec 5, 2011 5:49am
Quoting hutrader
Thnx X-Man, waiting to hear for next one.
For the H4 guys - price went back to the area of supply and may, if it really is going to go long, now continue in your direction - that's the pullback I was talking about. All break even stops from earlier entries wiped out. They've got to get the liquidity from somewhere to get the orders in. If this hour closes strongly down though maybe not looking too good. We'll see.
  • #837
  • Dec 5, 2011 6:00am Dec 5, 2011 6:00am
Quoting LazyLobster
Thank-you for the discussion. If everyone agreed, nobody would learn anything. You are pretty conservative. A compliment in the FX world. http://www.forexfactory.com/images/icons/icon6.gif

Hehe, thanks. Whether I'm conservative or not I don't know, I don't believe in moving stops to b/e for example but if a trader is entering using indicators that don't give a true reading until a certain condition is met (i.e. bar has closed) then the trader isn't being consistent and is just basically punting.

A TDI cross is not a TDI cross until the bar is closed, likewise blue/red HA bar is not read as such until the bar is closed. Big EEs rules from way back were to trade on the open of the new bar i.e. the bar where the cross occurred has closed. How on earth do you know if it's a cross unless it is closed? How do you think a TDI bounce occurs? If you don't wait for the close crosses often turn into bounces.

Too often you see on forums a trader will post up a chart and say 'what went wrong' ensuing analysis will be 'the X indicator had not crossed, the Y bar was red' etc etc with the people posting the 'analysis' up being to dumb to realise that at the point of entry the indicator HAD crossed and the bar WAS the right colour BUT the candle had not closed, nothing in your trading platform is analogue, no squiggly indicators, no MAs, not even the straight closing price lines, they are ALL essentially based on the bar close (i.e. discreet digital) and if the bar you are looking at has not closed you are entering or exiting on the basis of unconfirmed data... I digress
  • #838
  • Dec 5, 2011 6:11am Dec 5, 2011 6:11am
Quoting nunrgguy
Hehe, thanks. Whether I'm conservative or not I don't know, I don't believe in moving stops to b/e for example but if a trader is entering using indicators that don't give a true reading until a certain condition is met (i.e. bar has closed) then the trader isn't being consistent and is just basically punting.

A TDI cross is not a TDI cross until the bar is closed, likewise blue/red HA bar is not read as such until the bar is closed. Big EEs rules from way back were to trade on the open of the new bar i.e. the bar where the cross occurred has...
LOL i like this guy haha
What ever he said is right coz i came across many traders in the TMS thread that did that and still want to know what went wrong
X-man the legendary conqueror of markets
  • #839
  • Dec 5, 2011 6:13am Dec 5, 2011 6:13am
Quoting nunrgguy
Hehe, thanks. Whether I'm conservative or not I don't know, I don't believe in moving stops to b/e for example but if a trader is entering using indicators that don't give a true reading until a certain condition is met (i.e. bar has closed) then the trader isn't being consistent and is just basically punting.

A TDI cross is not a TDI cross until the bar is closed, likewise blue/red HA bar is not read as such until the bar is closed. Big EEs rules from way back were to trade on the open of the new bar i.e. the bar where the cross occurred has...
Seeing how this convo was based on my observation of the H4 TF...in my attempt to alert another traders action...I will refer you to post #762...it took me 32 weeks instead of 28...and you?
Enter Signature
  • #840
  • Dec 5, 2011 6:27am Dec 5, 2011 6:27am
Hi all,

Closed out up 15 pips, very choppy tonight, once i see that small blue candle i got out.

4HR/Daily wise, there are a few pairs with some potentials.

- E/U, G/U, might bounce off bottom channel again
- U/C, Short once a full daily candle closed below EMA60
- U/J, seems like a change of trend, PA sitting on the top channel. Or it's a opporunity to short? Not sure

What do you guys think?

Hilary
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