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  • #281
  • Feb 1, 2012 4:26am Feb 1, 2012 4:26am
Quoting mactrading
hi,

can anyone help me on this trade, its my first demo trade using this method
but i dont know if i have done it correctly
the better entry would have been around 1.3190 after the little "t" looking candle formed and you see the next candle close below the low of that candle about 6:15am est.

Looks like you took the break of the M which most text books say to use as entry but is also a higher risk entry. I am not an expert yet but that would be my two cents. Looking back on that trade where was your stop? Being so deep in the move it had to be pretty big, in real trading could you stomach that entry with a large stop. I couldn't especially if you begin to put size on.

As for indicators it's basically TDI which is in this thread, and MA's Primarily the 50ema and 200ema industry standards.
To find the TDI choose the little attachements button at the top of the screen with the paperclip, choose hide images and half way down is your indicator. Keep it simple, keep your charts clean and practice, practice, practice.

And also read the thread for the basics.
  • #282
  • Edited 7:28am Feb 1, 2012 5:19am | Edited 7:28am
The choice of moving averages is to help "see" trend without cluttering your candlestick chart. The original set included 5ema, 13ema, 50ema, 200ema (optional 800ema). The most important are the 50ema and 200ema only. Note that 200ema on 15mins chart is equivalent to 50ema on 1hr, and equivalent to 13ema on 4hr.

TDI introduced by Dean Malone of Advanced Synergy Method is a hybrid indicator, so you see Relative Strength (not exactly RSI but modulated by fast averaging), market baseline trend (34ema fibonacci number), and volatility bands based 1.618 standard deviation. We don't use Dean's cross-over signals as taught in Advanced Synergy. TDI is lagging by design and smoother than RSI due to fast averaging, so we only look for negative divergence as predictor of impending trend change. I have seen friends use CCI or RSI or MACD for same purpose (divergence studies).

You will also see daily pivot and weekly pivot lines. These are standard R3, R2, R1, PP, S1, S2, S3 calculations based on 5pmEST settlement/roll-over cutoff time. I personally only show M1, M2, PP, M3, M4 the mid-points to keep number of horizontal lines to minimum.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY1.png Size: 41 KB
  • #283
  • Feb 1, 2012 5:23am Feb 1, 2012 5:23am
I misread the charts and did not recognise the W.
The Stochastic and the TDI indicated that price had bottomed and turned.
When price broke and retested the Main Pivot on my chart I entered a Long trade and exited with 25 pip, so all was not lost.
For me, its a case of looking 'for variations on the theme'.
Attached Image (click to enlarge)
Click to Enlarge Name: 01.02.12 15m.gif Size: 43 KB
  • #284
  • Edited 7:53am Feb 1, 2012 6:36am | Edited 7:53am
wow, thanks guys for your very precious replies FX-Trader and bstay2, really appreciate it a lot

thanks Guys

by the way, how can i get those boxes that appear on the chart, is that the asian channel?

thanks
  • #285
  • Feb 1, 2012 8:32am Feb 1, 2012 8:32am
Quoting mactrading
wow, thanks guys for your very precious replies FX-Trader and bstay2, really appreciate it a lot

thanks Guys

by the way, how can i get those boxes that appear on the chart, is that the asian channel?

thanks
Here you go, it's the worktime indy and ATR, in case you don't have these
Attached File(s)
File Type: mq4 ADR 1.mq4   15 KB | 779 downloads
File Type: ex4 WorkTime.ex4   8 KB | 798 downloads
  • #286
  • Feb 1, 2012 10:12am Feb 1, 2012 10:12am
hi

thank you so much pipbull76

lots of good guys here
  • #287
  • Feb 2, 2012 3:44am Feb 2, 2012 3:44am
GBP/USD is see a continuation W-pattern. Do you think long 1.58409 is ok?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1.png Size: 31 KB
  • #288
  • Feb 2, 2012 5:43am Feb 2, 2012 5:43am
EURUSD and GBPUSD were a little confused today it would appear the trade was in EURGBP the cross.

Look at EURGBP
- Pins at the 200ema
- TDI Break High out of band
- 4 Green push candles to M3 and 200ema

Run was about 35pips but in relation to the 15pip box appears to be the easy trade.

I did not take this only reviewing after the fact.

Anyone see anything else I missed for reasons to enter?

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-15m.jpg Size: 97 KB
  • #289
  • Feb 3, 2012 12:43am Feb 3, 2012 12:43am
There were several confluence of factors: 3 swipes to the lows, 1.3100 round number, 61.80% retracement, shallow W-pattern in TDI, rising 800ema, but right before the 8:30amEST U.S. Weekly Jobless Claims.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD1.png Size: 37 KB
  • #290
  • Feb 3, 2012 4:51am Feb 3, 2012 4:51am
Quoting bstay2
There were several confluence of factors: 3 swipes to the lows, 1.3100 round number, 61.80% retracement, shallow W-pattern in TDI, rising 800ema, but right before the 8:30amEST U.S. Weekly Jobless Claims.
Very good bstay, you also had 3 pins to the bottom which is also a sign according to the MM then right after that you had RR tracks... so you entered at a text book entry according to MM, would of gotten you 50 pips, it actually went about 78 to the top of the spike.

Good job
  • #291
  • Edited 10:47pm Feb 3, 2012 8:06am | Edited 10:47pm
NFP trades using this method.

EUR/USD price spiked up to prior day's highs with negative divergence in TDI. Go short.
Similarly USD/CHF spiked down to prior day's lows with negative divergence in TDI. Go long.

(these are TradeStation charts, and the indicators custom-written in EasyLanguage or came default with the platform)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD1.png Size: 40 KB
Click to Enlarge Name: EURUSD2.png Size: 33 KB
Click to Enlarge Name: USDCHF1.png Size: 39 KB
Click to Enlarge Name: USDCHF2.png Size: 30 KB
  • #292
  • Feb 3, 2012 1:47pm Feb 3, 2012 1:47pm
Quoting bstay2
NFP trades using this method.

EUR/USD price spiked up to prior day's highs with negative divergence in TDI. Go short.
Similarly USD/CHF spiked down to prior day's lows with negative divergence in TDI. Go long.

bstay - Which platform are you using? I like how you've done the Session Channels. I was trying to create something similar like that on my actual trading platform not MTF, thus my question. You can PM me back if you prefer.
  • #293
  • Edited 2:15pm Feb 3, 2012 2:03pm | Edited 2:15pm
bstay2, are you using Ninja Charts? if so they look good, I myself have been experimenting with NT also

This is a 6a chart in futures this is AUDUSD in forex

http://content.screencast.com/users/...2-13.10.48.png
  • #294
  • Feb 3, 2012 9:42pm Feb 3, 2012 9:42pm
hi,

how do you use the TDI? and how will i get the indicator to get the HOD/LOD

thank you guys
  • #295
  • Feb 4, 2012 2:15am Feb 4, 2012 2:15am
"EUR/USD price spiked up to prior day's highs with negative divergence in TDI. Go short"

Bstay2,
Great screenshots of the EU over the NFP period. I don't normally trade on the 1st Friday of the month however I sat through last night (Midnight my time).
I have never considered using the 1 minute chart and whereas I had identified the setup earlier on the 15m to go short do you look for confirmation on the release of the news on the 1min for an entry point?
I welcome your opinion.
  • #296
  • Feb 4, 2012 5:02am Feb 4, 2012 5:02am
Quoting bstay2
NFP trades using this method.

EUR/USD price spiked up to prior day's highs with negative divergence in TDI. Go short.
Similarly USD/CHF spiked down to prior day's lows with negative divergence in TDI. Go long.

(these are TradeStation charts, and the indicators custom-written in EasyLanguage or came default with the platform)
Great slam dunk indeed. "indicators custom-written in EasyLanguage"
I would like to have the code
  • #297
  • Feb 4, 2012 7:54am Feb 4, 2012 7:54am
Quoting femi94ce
This is the last day of the month y'all be careful out there on them charts, hear?

LAFF

lol.... thats a funny statement. lmaof
  • #298
  • Feb 4, 2012 8:39am Feb 4, 2012 8:39am
Quoting mactrading
hi,

how do you use the TDI? and how will i get the indicator to get the HOD/LOD

thank you guys
TDI is RSI with a floating center-line and Bolinger Band all rolled into one along with a signal line. Dean Malone of CompassFX is the creator of this. Attached find a document that should help explain TDI. This little manual I was told was written by Dean, it has other explanations of couple other indicators, TDI is about half way through the manual.

On HOD and LOD, I really don't know of any that are reliable, due to they'll repaint, but I've attached one that will count levels for you. Use it at your discretion.
Attached File(s)
File Type: pdf TDI_1.pdf   254 KB | 1,982 downloads
File Type: mq4 3_Level_ZZ_Semafor.mq4   8 KB | 693 downloads
  • #299
  • Edited Feb 5, 2012 12:27am Feb 4, 2012 11:57pm | Edited Feb 5, 2012 12:27am
Quoting Pipbull76
TDI is RSI with a floating center-line and Bolinger Band all rolled into one along with a signal line. Dean Malone of CompassFX is the creator of this.
It's like an "all-in-one" indicator so you don't need separate MACD, Stochastic, CCI, RSI, etc that filled the secondary chart space and left no room to see actual candlestick price actions. The volatility bands are calculated at 1.618 standard deviations so when 'RSI Price Line' crosses the bands at extreme levels of 68 (overbought) or 32 (oversold), they can alert you to possible reversal opportunities as in this example of AUD/USD where the evening doji star at 0.9780 can be shorted (and added) with the declining 200ema.

'RSI Price Line' broke out of the bands at asian session, then came close but couldn't break out of the bands the second time during european session, while prices made new highs. This is definition of divergence in technical terms, and in market maker terms identified stop hunt actions.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 48 KB
  • #300
  • Feb 5, 2012 3:42am Feb 5, 2012 3:42am
Quoting bstay2
It's like an "all-in-one" indicator so you don't need separate MACD, Stochastic, CCI, RSI, etc that filled the secondary chart space and left no room to see actual candlestick price actions. The volatility bands are calculated at 1.618 standard deviations so when 'RSI Price Line' crosses the bands at extreme levels of 68 (overbought) or 32 (oversold), they can alert you to possible reversal opportunities as in this example of AUD/USD where the evening doji star at 0.9780 can be shorted (and added) with the declining 200ema.

'RSI Price Line'...
What is the red line and dotted yellow line there called?
I love the tutorial. I need you to teach more
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