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Another simple system - Time-Frame 15

  • #1,021
  • Apr 23, 2012 9:21am Apr 23, 2012 9:21am
Hello Every1, and this is my first post.

After reading this system for the past 3 weeks, I took one small trade today with my favorite pair (GJ)
Attached :- my chart which I hope any senior member to help correcting me if I excute the trade in different manner as spelt out by the owner of this thread.

Appreciate your inmupt to help me improve my trading skill.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 70 KB
We are in control of our destiny but have no control over our fate.
  • #1,022
  • Apr 23, 2012 9:44am Apr 23, 2012 9:44am
Quoting El1n
Hi Babsemi !

Just in case it's still not clear.

On 15m chart
Long
On the TDI indicator, we're looking for a signal line(green) to cross above RSI line (red), this cross has to happen above 200EMA line (yellow) and above or very close to yellow TDI line. This mean it crosses the red line first and than the yellow line.
A re-bounce of the signal line (green line) off the RSI (red line) is also considered a valid entry signal.

Short
Change the word "above" to below.

Don't forget to watch the price action primary, if its convincing enough you...

Hi El1n,

Tnks for your reply and clarification.

I have been following this system type (Dean Malone) for about 3 years now and there good are ppl like Loveevery1 that takes time to bring something different out of it some times.

But from my years of study of the system,i found out the following.

A) FOR NEWBIES: the crosses that occurs above Above or Below the Yellow line (MBL) have higher probabilities.

B) FOR EXPERIENCED traders: you can take the crosses close to the yellow line and add more when it bounces.

Stay Blessed.
It Is Well With My Soul..(Amen)
  • #1,023
  • Apr 23, 2012 9:46am Apr 23, 2012 9:46am
Assange,

From what I see on your charts you did a very good trade. Well done !!!
  • #1,024
  • Apr 23, 2012 10:01am Apr 23, 2012 10:01am
I still have one problem with the rules in post # 1.
It states:

We will wait for the LONDON to open.after it opens we will look for trades AWAY from the 200 EMA.

With the trade today (2012/04/23)on the EURUSD the initial trade was towards the 200 EMA - then crossing it and continuing down. Or was it me that started before the London opening.

This far this system give me hope again. I will test it forward. I would like to see what it do in a bouncing day.
  • #1,025
  • Apr 23, 2012 10:01am Apr 23, 2012 10:01am
Quoting DiamondZA
Assange,

From what I see on your charts you did a very good trade. Well done !!!
I rather put it as the System is tradable and easy to capture with one glance you have basic idea what it going to do.

I only execute by following rules set by the owner of this Thread. Credit goes to him, (but I will keep the pips with me)

With this System : my only 2 words is

Thinking, YES
Guessing NO
because only take a trade that comple with the set of rules laid by the founder of this Thread.

We are in control of our destiny but have no control over our fate.
  • #1,026
  • Edited 11:10am Apr 23, 2012 10:53am | Edited 11:10am
Happy to hear that the thread is up and alive again

Assange, grats to your successful trade today!

Since the CT thing came up, would this be a valid CT entry for going long?

http://i.imgur.com/LJhFk.png

happy pippin

ps:

how serious do you guys take the rule just after LO and 2hours after UP? I see many trades which do not involve the USD so.. i wonder!

happy pippin
STOP?! What are you talking about?! You have to push it a little more!
  • #1,027
  • Apr 23, 2012 11:13am Apr 23, 2012 11:13am
Quoting fabwa
Happy to hear that the thread is up and alive again

Assange, grats to your successful trade today!

Since the CT thing came up, would this be a valid CT entry for going long?

http://i.imgur.com/LJhFk.png

happy pippin

ps:

how serious do you guys take the rule just after LO and 2hours after UP? I see many trades which do not involve the USD so.. i wonder!

happy pippin
hello mate..the price will usually start to slow down 2 hours after US open.i think now its over 4 hours..thats why its struggling to move.why simply risk now..risk it during LO.
Let all the living things live blissfully
  • #1,028
  • Apr 23, 2012 11:25am Apr 23, 2012 11:25am
Hello folks..i see lot of actions in this thread..thank you all for contributions.its much appreciated.i will do whatever it takes to let you guys know i have learnt in a simple way.Im preparing charts to trade inbetween the EMAs and reject signals of the emas.


There was a friend on the thread named george couple of days back asking me if i can be his mentor.To him:I was running a website before and was also running a small institute for teaching forex to the local people.I taught my cousin and my sister.they are professionals now.they actually make more than me now lol. There were few people who learnt but to tell you the truth out of all the people whom i have shared my knowledge only few people have learnt it.


George...if you happen to read this post.just stick to one thread.im not sayint this is the only good thread.There are lot of good threads in FF.just stick to one strategy.learn it and master it.then jump on it will not affect you.
Let all the living things live blissfully
  • #1,029
  • Apr 23, 2012 12:18pm Apr 23, 2012 12:18pm
hi i heve use ur TDI indicator but It is not showing blue and yello line .... please help me...

Quoting loveevery1
you are right...i was waiting for someone to tel me that.at times there will be a fake break like that.and sometimes there cud be a blow in the same direction.whatever it is.its good to avoid these trades...

coz we dont wana risk our hard earned money.

folks i have discussed just one setup here.there are two more lovely setups which i will discuss later..which are easier than this one.but this setup is the basic.practice practice and practice
  • #1,030
  • Apr 23, 2012 12:26pm Apr 23, 2012 12:26pm
Quoting Shawonaiub
hi i heve use ur TDI indicator but It is not showing blue and yello line .... please help me...

The least you should do when following someone's Strategy is to READ the WHOLE thread! Then you would have come across:

http://www.forexfactory.com/showthre...88#post5440488

:nerd:
STOP?! What are you talking about?! You have to push it a little more!
  • #1,031
  • Apr 23, 2012 12:27pm Apr 23, 2012 12:27pm
Quoting Shawonaiub
hi i heve use ur TDI indicator but It is not showing blue and yello line .... please help me...
Right click, go to properties then select no 2, put Yellow Color
We are in control of our destiny but have no control over our fate.
  • #1,032
  • Apr 23, 2012 12:36pm Apr 23, 2012 12:36pm
Quoting ;5601119
Happy to hear that the thread is up and alive again

Assange, grats to your successful trade today!

Since the CT thing came up, would this be a valid CT entry for going long?

http://i.imgur.com/LJhFk.png

happy pippin

ps:

how serious do you guys take the rule just after LO and 2hours after UP? I see many trades which do not involve the USD so.. i wonder!

happy pippin

Hi fabwa, for CT , it normally happened during or in between two session Tokyo-London-US. Now , I think market is ranging. no volume and momentum. ( All this are observation- I may be wrong).
AUD/USD is too weak for CT as it has gone way below 800EMA.
I'm off for golf now and see you in London tomoro.
We are in control of our destiny but have no control over our fate.
  • #1,033
  • Apr 23, 2012 1:22pm Apr 23, 2012 1:22pm
Trade away from the 200 ema
  • #1,034
  • Apr 23, 2012 7:50pm Apr 23, 2012 7:50pm
Hi Loveevery1 and the rest. First try at posting chart. Hope it works. With recent posts about TDI thought I would just put up a chart. This is the EU on a 15 minute. I do not rely solely on the TDI but it is not too bad as an indicator. Just remember that an indicator does only that, indicates. For sure not set in stone as to what action to take. Consider any indicator as a mischevious oracle. Sometimes good, sometimes bad.
Nuff said. The chart.

Thanks for the thread Loveevery1.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D23 FFEG.jpg Size: 795 KB
  • #1,035
  • Apr 23, 2012 8:02pm Apr 23, 2012 8:02pm
Quoting mdavem
Hi Loveevery1 and the rest. First try at posting chart. Hope it works. With recent posts about TDI thought I would just put up a chart. This is the EU on a 15 minute. I do not rely solely on the TDI but it is not too bad as an indicator. Just remember that an indicator does only that, indicates. For sure not set in stone as to what action to take. Consider any indicator as a mischevious oracle. Sometimes good, sometimes bad.
Nuff said. The chart.

Thanks for the thread Loveevery1.

Cheers.
Gee, how you read that chart? It looks like a plate of spaghetti.

Harry
  • #1,036
  • Apr 23, 2012 9:03pm Apr 23, 2012 9:03pm
Quoting mdavem
Hi Loveevery1 and the rest. First try at posting chart. Hope it works. With recent posts about TDI thought I would just put up a chart. This is the EU on a 15 minute. I do not rely solely on the TDI but it is not too bad as an indicator. Just remember that an indicator does only that, indicates. For sure not set in stone as to what action to take. Consider any indicator as a mischevious oracle. Sometimes good, sometimes bad.
Nuff said. The chart.

Thanks for the thread Loveevery1.

Cheers.
Hey Mdavem,
First and foremost, you really need to tide up that mess, I got me a headache by looking at it. I have no idea where you EMA's are.
  • #1,037
  • Apr 24, 2012 1:11am Apr 24, 2012 1:11am
Quoting loveevery1
Hello folks..i see lot of actions in this thread..thank you all for contributions.its much appreciated.i will do whatever it takes to let you guys know i have learnt in a simple way.Im preparing charts to trade inbetween the EMAs and reject signals of the emas.


There was a friend on the thread named george couple of days back asking me if i can be his mentor.To him:I was running a website before and was also running a small institute for teaching forex to the local people.I taught my cousin and my sister.they are professionals now.they actually...
I want to thank you again for sharing and teaching.

YOU HAVE INSPIRED ME AGAIN TO SIMPLIFY MY TRADING.

Last week my account grew by 38%.

God bless you richly.

Keep up the good work.

  • #1,038
  • Apr 24, 2012 1:22am Apr 24, 2012 1:22am
Quoting El1n
Hey Mdavem,
First and foremost, you really need to tide up that mess, I got me a headache by looking at it. I have no idea where you EMA's are.

Hi El1n,

please i will implore you in the interest of everyone that you should try and look at what you write to ppl here.
please copy the owner of the thread in the way he respond to ppl here with great respect.
Threads like this is for encouragement and not to put down.
Constructive criticism is better.
Many threads go bust because of insults to ppls person.

I think the way ..Harry123.. say it is more matured.
I hope i share many's opinion.

Stay Blessed.

N-B ... i believe English is not your First language.
It Is Well With My Soul..(Amen)
  • #1,039
  • Apr 24, 2012 1:36am Apr 24, 2012 1:36am
Quoting babasemi
Hi El1n,

please i will implore you in the interest of everyone that you should try and look at what you write to ppl here.
please copy the owner of the thread in the way he respond to ppl here with great respect.
Threads like this is for encouragement and not to put down.
Constructive criticism is better.
Many threads go bust because of insults to ppls person.

I think the way ..Harry123.. say it is more matured.
I hope i share many's opinion.

Stay Blessed.

N-B ... i believe English is not your First language.
Agreed, I shouldn't be trading neither posting while being in a bad mood .

I don't' know how relevant that is but yes English is not my first language.

Let's focus on trading now
  • #1,040
  • Apr 24, 2012 1:45am Apr 24, 2012 1:45am
Quoting El1n
Agreed, I shouldn't be trading neither posting while being in a bad mood .

I don't' know how relevant that is but yes English is not my first language.

Let's focus on trading now

It Is Well With My Soul..(Amen)
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