Took today +40 Pips on EU short - will later post chart - was perfect conditions.
Another simple system - Time-Frame 15
- #3,922
- Jul 17, 2012 10:25am Jul 17, 2012 10:25am
GREAT JOB! I'm too green for Ct's.
A question to all: It seems you guys stopped looking at TDI crosses. Is this correct? If so, can someone put together a list of the new system/method rules? Most trades that are lately described here disregard TDI crosses and yellow line. Can you explain please? Should we newbies still adhere to TDI or should we drop it completely?
It seems the method has evolved... We need new set of principles outlined... if anyone is kind enough...
Its not changed and i am in the same boat as you ... this is a quote from a post that L1 done and is buried somewhere in this forum - this should help explain..
POST STARTS BELOW
Few ways to look at the chart...
1) Naked...means no indicators except Round numbers and some manual lines
2) Moving averages ( dynamic support and resistance)
3) All junk including TDI.
Most of the new traders start from 3rd stage and travel back to the 1st stage because our mind is complicated and always look for the easiest way to get rich quick.
Initially you should start with 3rd stage and travel towards the 1st stage.
What is a MA = Moving average ??
It is dynamic support and resistance line which means that if you see a 200ema on the chart.if you draw a line on the 200ema ...you will see a support or a resistance few days back.that is why the price tend to bounce off those levels and we make use of it.if the price is under the 200ema and moves towards it...most of the time there will be a bounce of the that level.if the same happens on HTF for example on the daily chart the bounce will last for few days..we take shorts or longs based on that.
But sometimes the price will bounce off or sometimes it will blow throught it. how do we determine it this is going to bounce or go through....
say 4hr chart,,.,.,the price is below the 200ema. there is a huge sell off..and the price approaches the 200ema for the FIRST time .what basically happens here is (90%) of the times.it will bounce off which we will confirm with the 15min TF...most of the bounce will happen around the RN...and avoid taking the trade int he middle or keep a very high stoploss.
Now what is a RN and why is it significant?
Round number is a psychological level.major banks dont target for small pips and they hate numbers like 1.34572....they would target for profits like 1.00000. so when they buy or sell at those points the price moves....
it takes very huge money to reverse the price...thats when we say the Resistance becomes support this is most probably happens when there is profit taking.
God bless..
Steadfastness is held above all success
. 
Hi rkp,
Its not changed and i am in the same boat as you ... this is a quote from a post that L1 done and is buried somewhere in this forum - this should help explain..
POST STARTS BELOW
Few ways to look at the chart...
1) Naked...means no indicators except Round numbers and some manual lines
2) Moving averages ( dynamic support and resistance)
3) All junk including TDI.
Most of the new traders start from 3rd stage and travel back to the 1st stage because our mind is complicated and always look for the easiest way to get rich quick.
Initially...
We've got A LOT to learn! As we say here "a lot of beans to eat" (a little weird and redneck but you get the point)
- #3,926
- Jul 17, 2012 10:56am Jul 17, 2012 10:56am
- Joined Jun 2012 | Status: Trader | 1,281 Posts
GREAT JOB! I'm too green for Ct's.
A question to all: It seems you guys stopped looking at TDI crosses. Is this correct? If so, can someone put together a list of the new system/method rules? Most trades that are lately described here disregard TDI crosses and yellow line. Can you explain please? Should we newbies still adhere to TDI or should we drop it completely?
It seems the method has evolved... We need new set of principles outlined... if anyone is kind enough...
unfortunately took profits too quick...
HT jdva
I never lose - either I win or I learn...
...I watch the TDI mostly on H1 chart for crossing green/yellow and formations of the green like SKS like this morning on EU at 11h London candle and take trades on 15min, f.e. short 1.2280 in that case...
unfortunately took profits too quick...
HT jdva
Should I then only look at 1 TDI, should I look at TDI's on HTF's or should I scrap it completely??? I'm a newb.
Thank you for ur HELP! Good karma
- #3,928
- Jul 17, 2012 11:11am Jul 17, 2012 11:11am
- Joined Feb 2012 | Status: Trader | 3,108 Posts
Let all the living things live blissfully
- #3,929
- Jul 17, 2012 11:16am Jul 17, 2012 11:16am
- Joined Feb 2012 | Status: Trader | 3,108 Posts
Let all the living things live blissfully
- #3,930
- Jul 17, 2012 11:21am Jul 17, 2012 11:21am
- Joined Feb 2012 | Status: Trader | 3,108 Posts
Let all the living things live blissfully
- #3,933
- Jul 17, 2012 11:35am Jul 17, 2012 11:35am
- Joined Jun 2012 | Status: Trader | 1,281 Posts
I never lose - either I win or I learn...
- #3,935
- Jul 17, 2012 4:51pm Jul 17, 2012 4:51pm
- Joined Jun 2012 | Status: Trader | 1,281 Posts
Thank you! Very interesting. I will take it in consideration.
2 quick questions:
1. Do you look at the yellow line on M15?
2. Do you trade after NY Lunch (i.e. around now)? It seems slow.
Thank you in advance!
Good luck to you and keep up the good job!
2. I'm from Germany, mainly I trade the London session from open to close....
Happy trading and good night my friend....
jdva
I never lose - either I win or I learn...
- #3,937
- Jul 17, 2012 5:55pm Jul 17, 2012 5:55pm
Took 10+8= 18 pips on trades
morning 20+10+8=38 pips today,,,
God bless me...guys...i dint want to give this clue coz i wanted you guys to see how ir forms and when to take ...i did this today to get your account up...atleast plz post your charts atleast now...
You guys OWE ME FOR THIS>>>>>
Binnie
It will make me see better what you were looking at when you took this trade. I am still struggling with how to analyse an entry here. My take was to enter a long at the close of the big bull bar at London Open as price crossed and closed the 10ema and the Round Number. TDI confirmed my decision to enter. PLEASE HELP. Thanks
Binnie
The check marks show the areas previously mentioned.
Also, I'm not sure how rigid you are with the standard TDI rules, but it looks like on my chart the RSI line (Black) crossed the 50 below the Market Base Line (white). Also the MBL was in a fairly decent downtrend and still well above the 32 line. These ideas are more in line with how Dean Malone teaches the TDI, I know there are different takes on which bits to use.
Just my observations, maybe they will be of some value.
More experienced traders please comment...