Achtung Baby - TDI trading by JamesP_ForexTU

Hi Cookie,
You want to know where the daily trend is by using the colour and always keep in mind, ok we are only looking for longs, if the 4hr changes to a short trend we would ignore it unless the daily also changed to short..

That being said we thus wait for 4hr to return to the daily trend for a long setup.

Testing this weekend ive decided to only go into trades with strong indication.. and also only chase 10 pips

A strong indication is when the red and green on the TDI are above the yellow. Because we are waiting so late the pair could have moved 100 pips already so to try and get 20+ is a big ask. By aiming for 10 pips we can increase our trade size and still stay with many pairs. So hopefully 1 trade per pair per week = 200 pips

I have yet to find a loss in testing when the criteria is met and only going for 10 pips. Of course testing takes months so there is still alot more to be done. But its a pretty good start.

Current example: CADCHF
Daily has been in a long trend, so we were waiting for a strong signal on H4 (green and red to be above yellow on TDI)

This is my second method for trading using the TDI

Looking for over extension, then entering on confirmation for a retracement. See the image 1 - 4

1: Notice green (RSI) moves below the blue band (VB line)
2: Green crosses back over red and blue
3: Bar closes over 5sma (yellow moving average)
4: 10 pips is reached on next bar

Go for more pips if you dare, I am trying to scalp on various strategies overall one can make plenty, but there is nothing worse than having ten and not taking it, and then the price moves against you and your 40+ down. Also try recall markets which are flat or narrow ranging will not give you alot of pips, so this way going for 10 we should have a much higher hit rate.

Hi James

Could you please let me know a little more about your stops.

I noticed you spoke of a 100 pip stop but then go for a 100 pip target on your next trade? also on your recent loss on the USD/ZAR was that a 100 pip loss?

Also I note you have fractals on your chart, logical stop area?

Thanks in advance

Hey Force, ive made some changes as would be the case with a relaticely new strategy. I dont care longer to write much on here as i have been made a commercial member. Maybe i should take that as a positive thing and not a knock on the chin. So i will offer my advanced strategy in the near future when i post my results on here and 'myfxbook.com'

For now the changes ive made have been positive, i can only say run with it, it has potential, just back test and find problems as i have and work on solutions with some other indicators. all the best..

[quote=JamesP;5638082]EURJPY short win (all 20 pip Target 1)
GBPJPY short win
CADJPY short win
CHFJPY short win

Hi James
remember you suggested I use your "filters" after my disastrous "simple method" test, a few days back ?

Well it´s working now...I will give you my numbers after some 20 trades...
For the moment I have some 66% winning rate,compared to the 28% I had before.
I trail the 5 MA, and when it get´s shaky, trail 1 bar. I have a TP=3R (3 times the risk).
I understand you use a standard 20 pip TP, isn´t that too little?, 4 H time frame sometimes runs and runs..
Anyway thanks for your help...it´s fun..

more pips if you dare, I am trying to scalp on various strategies overall one can make plenty, but there is nothing worse than having ten and not taking it, and then the price moves against you and your 40+ down. Also try recall markets which are flat or narrow ranging will not give you alot of pips, so this way going for 10 we should have a much higher hit rate.[/quote]

Thanks James
question: you apply 10 pips profit against a 10 pip stop?
I´m currently putting a stop on the other side of the 5 MA, and trailing on every bar.
TP: a little more than 2 R (or double risk)
Sometimes the 4 H trends for days, and many, many pips...just trailing on a 1 bar basis, or the 5 MA..

I use to scalp for 10 pips in the 1 minute EURUSD.
Anyway, its all very interesting...I´m in positive $, this first week...
Thanks again.

Sorry to say
Second week....20 trades, trailing on a 1 Bar 4h Chart...enter as per rules...
TP : double R

28.57 Winners
-0,193 expectancy.Negative.

A simple coin toss, with a logical trailing stop, does much better and is less work...
I´m giving it up...
Maybe it´s just me...wish you all the best of luck

Enjoy life