Information about the Traders Dynamic Index indicator and how to use it.
i preciate
- #14,425
- Jan 22, 2012 6:20pm Jan 22, 2012 6:20pm
It would seem you were also trading into an area of previous support and resistance. You can see how price recently reacted on your chart, around your red take profit line. It held well around jan. 1st 5th and 11th. Also I see the two candles before your entry formed a double bottom, which would have made me cautious. If I were going to take that trade I think I would have liked to see the candle close below that double bottom.
This in combination with the weak cross and weak candles looks like the issue. Looking at the news calander I see there were two pieces of 'red' news regarding the CAD, whether this had an impact or not I'm unsure. I'm still a newbie
The other thing of course I've just realised is that this is a 3rd candle entry, which you shouldn't do if your trading TMS strictly as big E has laid out. Following his rule of 1st or 2nd candle entry would have kept you clear of this trade entirely
Nice one for posting though, we live and we learn!
This in combination with the weak cross and weak candles looks like the issue. Looking at the news calander I see there were two pieces of 'red' news regarding the CAD, whether this had an impact or not I'm unsure. I'm still a newbie
The other thing of course I've just realised is that this is a 3rd candle entry, which you shouldn't do if your trading TMS strictly as big E has laid out. Following his rule of 1st or 2nd candle entry would have kept you clear of this trade entirely
Nice one for posting though, we live and we learn!
This is one of my try. As i noticed after all it was wrong entry because of weak TDI angle and to small candles. Maybe you see more signs what was wrong?
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- #14,429
- Jan 23, 2012 4:29pm Jan 23, 2012 4:29pm
I don't entirely understand your post. Two things I can tell you, however -
The range is around christmas time, people on holiday etc. Less trading going on that time of year...
The other thing is you should not be using the MACD indicator if you are using TMS as big E has explained in this thread.
You have read the whole thread haven't you? There's alot of good info to be read...
The range is around christmas time, people on holiday etc. Less trading going on that time of year...
The other thing is you should not be using the MACD indicator if you are using TMS as big E has explained in this thread.
You have read the whole thread haven't you? There's alot of good info to be read...
Another my chart.
Please explain me why from 2010.12.17 till 2010.12.29 TDI so ranging? For me It looks like down trend from 2010.12.14 continues
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lets hold thumbs ! 
- #14,437
- Jan 24, 2012 8:35am Jan 24, 2012 8:35am
- Joined Jul 2011 | Status: Gold Again | 10,554 Posts
i have a small problem thou when i trade , i set my tp n it hits like in the first or second candle . sometimes the trade goes even more .
how can i get a better exit point , i dont like to wait for check , flats n ranging on tdi becoz wid h4 a trade can reverse quite quickly.
any suggestions to stay in longer ???
What do we know for sure about trading so far?
It trades certain times, and within those times, it has certain ranges, either up or down, no one can predict, but we can measure with ADR.
So if it has moved an "average" amount or more, and you have your pips, be very protective of your profit, speaking about day trading here.
You say you got 55 pips easy on GBP-CHF, looks like it moved straight up, don't confuse bull market with brains.
See chart for more information.
It takes a lot for me to IGNORE you, but you can try.