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  • #8,501
  • Sep 11, 2012 5:00am Sep 11, 2012 5:00am
Quoting Phx62
Your entry all perfect, as wednesday where you are exited before reverse..why not a simple retrace? [color=#0000ff]You always need to be aware that the first or second candle following LO can be a "fake out candle". I am aware of that possibility whenever I enter a trade at LO, so I monitored this trade closely...a couple of other reasons why....TDI was below the 32 and there had already been 10 red candles in a row preceding the LO indicating the run was probably over....if price had continued down after my exit, I could have re-entered on a...
Hi Phx62,

when you analyzed that last Thursday's market was a bad, do you analyze that based on fundamental analysis? I saw your weekly trading picture, that Thursday you put notes: No H1 signals. I saw the TDI green/red crossed few times that day though the market still ranging.

Just like on Thu's LO, TDI has just crossed above, last APB bar was bullish and strong. Why didn't you take that setup? If you don't mind, perhaps you can share your opinion about clear TDI signal that made you avoid the setup. I still have problems with setup where TDI cross and cross back to the reversal direction after 1-2 candles. I use to jump in the position on the first cross and have to cut loss on the reversal cross.

Please help... Thank you....
  • #8,502
  • Sep 11, 2012 5:05am Sep 11, 2012 5:05am
I feel confident, right now I see prices rejecting from the highs, but the rejection is so weak that there seems no power of sellers at those high levels. I think we will see higher highs today and the court ruling will be another story.
  • #8,503
  • Sep 11, 2012 5:23am Sep 11, 2012 5:23am
Quoting eth3onstock
I still have problems with setup where TDI cross and cross back to the reversal direction after 1-2 candles. I use to jump in the position on the first cross and have to cut loss on the reversal cross.
Have you got the trading simulator add on for metatrader. If you are having problems with a set up, then replay it in the simulator, until you can see what works best, you can test your Money management, entry criteria etc etc etc. Because you can fast forward in replay you do not have to sit and wait all day for a signal to act on.

Back testing is not just to show if a method works or not, it is also the best way of "learning to trade".

PDF is in the zip file.
Attached File(s)
File Type: zip LFH.zip   370 KB | 492 downloads
Cut your Losers short and let your Winners run.
  • #8,504
  • Sep 11, 2012 7:39am Sep 11, 2012 7:39am
Quoting dee50
Have you got the trading simulator add on for metatrader. If you are having problems with a set up, then replay it in the simulator, until you can see what works best, you can test your Money management, entry criteria etc etc etc. Because you can fast forward in replay you do not have to sit and wait all day for a signal to act on.

Back testing is not just to show if a method works or not, it is also the best way of "learning to trade".

PDF is in the zip file.
Hi Dee,
Downloading the file, will learn to use it. Thank you...
  • #8,505
  • Sep 11, 2012 7:50am Sep 11, 2012 7:50am
Quoting eth3onstock
I still have problems with setup where TDI cross and cross back to the reversal direction after 1-2 candles. I use to jump in the position on the first cross and have to cut loss on the reversal cross.

Please help... Thank you....
Go back and have a look at the trades you refer to (or post them). Were you entering counter trend only to see market revert to trend, or entering on a proven support resistance level only to see market respect that level?

A cross of an indi is just that, a potential trade, its the rest of the story (lets call it price action) thats the crucial bit.
  • #8,506
  • Sep 11, 2012 8:00am Sep 11, 2012 8:00am
Quoting eth3onstock
Hi Dee,
Downloading the file, will learn to use it. Thank you...
If you go back on your charts and put lines on the support resistance levels before you save the template then those levels will get saved also. It might help.
  • #8,507
  • Sep 11, 2012 8:24am Sep 11, 2012 8:24am
Quoting Vantage
If you go back on your charts and put lines on the support resistance levels before you save the template then those levels will get saved also. It might help.
It helps, it helps.. have just tried it on EU...

I am still struggling to avoid this kind of choppy TDI crosses. I took long on GU. But then red bearish APB bar appeared, TDI cross back down. I cut loss the position. Later the TDI cross back to long position.

If only I kept my previous trade... will save me some pips from the cut loss and turn it into profit
Attached Image
  • #8,508
  • Sep 11, 2012 8:44am Sep 11, 2012 8:44am
Quoting eth3onstock
It helps, it helps.. have just tried it on EU...

I am still struggling to avoid this kind of choppy TDI crosses. I took long on GU. But then red bearish APB bar appeared, TDI cross back down. I cut loss the position. Later the TDI cross back to long position.

If only I kept my previous trade... will save me some pips from the cut loss and turn it into profit
You are not listening and not helping yourself here.

the TDI is just an indicator, it is not the system. It is just one tool of many. You cannot trade just on this TDI indicator. You can trade without it. It is not that important as you're making it to be.

Try to listen to what others tell you.
  • #8,509
  • Sep 11, 2012 8:55am Sep 11, 2012 8:55am
Quoting Vantage
Go back and have a look at the trades you refer to (or post them). Were you entering counter trend only to see market revert to trend, or entering on a proven support resistance level only to see market respect that level?

A cross of an indi is just that, a potential trade, its the rest of the story (lets call it price action) thats the crucial bit.
Sorry, I re-post the picture here. Also I put a white box indicating the signal I considered as valid long signal right on LO. Wondering the analysis behind so that setup wasn't taken. I want to learn to avoid that TDI choppy signal (cross up, down, up again)

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: phx-setup-1.png Size: 605 KB
  • #8,510
  • Edited 9:33am Sep 11, 2012 9:02am | Edited 9:33am
Quoting kaunasny
You are not listening and not helping yourself here.

the TDI is just an indicator, it is not the system. It is just one tool of many. You cannot trade just on this TDI indicator. You can trade without it. It is not that important as you're making it to be.

Try to listen to what others tell you.
I am trying. I put more attention to S/R using that Fibo/Pivot level. I look for inside bar and pullback around the setup. I try to understand how to trade using multi time frame also to determine major trend. I also read TMS as suggested above.

But I want to learn to make a better setup (regardless of my limitations), so I try to optimize the use of the TDI. Meanwhile I practice what I understand and have learned about PA.

Please be patience.
  • #8,511
  • Sep 11, 2012 9:31am Sep 11, 2012 9:31am
Attached Image (click to enlarge)
Click to Enlarge Name: ???.jpg Size: 47 KB

Enter long after the new in the Price retracement!

Is it right? I exist when the price failes to break the top!
  • #8,512
  • Sep 11, 2012 9:37am Sep 11, 2012 9:37am
Quoting eth3onstock
I am trying. I put more attention to S/R using that Fibo/Pivot level. I look for inside bar and pullback around the setup. I try to understand how to trade using multi time frame also to determine major trend. I also read TMS as suggested above.

But I want to learn to make a better setup, so I try to optimize the use of the TDI. Meanwhile I practice what I understand and have learned about PA.

Please be patience.
I'm sorry but your bound to failure.

Listen to yourself.

You put attention to S/R using fibo/pivot? What about S/R usinig PA ?
You try to trade multi time frame? Why not one time frame?
Determine trends?
Read TMS
Optimize the use of TDI

I bet that's not all. I will give you an advise. I understand you want to go through this learning process as fast as you can, unfortunately by doing so you make it longer. Doing so many different things at same time/day makes you no master of any.
Just do one thing at a time untill you understand it fully.
Understand fully what are S/R of PA, what are fibos and pivots.
Then understand how to determine trends. Long term and short term.
Read fully this thread, after you have done so read TMS thread if it is helpfull.
Pick a timeframe that you feel most comfortable with and trade it untill you feel ready to go to shorter timeframe for possibly faster entry signals.
After you would have done all this you wont even ask such questions of TDI or alike and this for sure will be faster than what you're doing now.
  • #8,513
  • Edited 10:09am Sep 11, 2012 9:59am | Edited 10:09am
guys, please take a look at my USD/CHF trade.

I entered the trade during the first green circle and exited it during the second green circle. I exited the trade because the synergy bar before that one is blue and also TDI crossed again.

Actually if I floated the trade until now, I should have hit my TP but then I exited the trade at around -4 pips only because of that reason. Did I do it right for risk management? (I mean generally is it OK to exit when you see a blue bar then you exited in the open of next candle?)

*also the reason why i exited that trade because of US trade balance (which strangely made the US weaker but i was expecting the other way around)
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-09-11 at 9.52.46 PM.png Size: 19 KB
  • #8,514
  • Sep 11, 2012 10:10am Sep 11, 2012 10:10am
Quoting eth3onstock
Sorry, I re-post the picture here. Also I put a white box indicating the signal I considered as valid long signal right on LO.
Have a look at this. This is all happening just on this chart, there might be other clues on other time frames, but these clues should be enough to keep you out of the market, or to have patience and wait till all your entry rules are met. What are your rules?

1. Is price near STRONG Market Structure. If YES you do WHAT?

2. ???

3. ???

4. ???
Attached Image (click to enlarge)
Click to Enlarge Name: ETH3.png Size: 62 KB
Attached File(s)
File Type: pdf TDI trade check.pdf   1.7 MB | 1,363 downloads
Cut your Losers short and let your Winners run.
  • #8,515
  • Sep 11, 2012 10:21am Sep 11, 2012 10:21am
Quoting eth3onstock
Sorry, I re-post the picture here. Also I put a white box indicating the signal I considered as valid long signal right on LO. Wondering the analysis behind so that setup wasn't taken. I want to learn to avoid that TDI choppy signal (cross up, down, up again)

Thank you.
On the face of it prev day was strong positive close and 1hr flow HH HL resumed so was looking OK. I could be wrong but think you traded on interest rate day for both UK and Eurozone, thats a big issue and almost as tough as NFP day.
  • #8,516
  • Sep 11, 2012 11:56am Sep 11, 2012 11:56am
Psstt!!

I will get my wrist slapped for suggesting this, so do not tell the puritans, and, this is not suitable for children unless they are accompanied by an adult.

MTF does not just work TOP DOWN, it can be beneficial to keep an eye on what is happening below. Compare the results for today between the 1 Hr and the 15 min. The 1 hr PA confirmed the entry in the 15 min. You may not have taken the trade on the 1 hr because the TDI cross occured at the 68 where as the 15 min entry occurred 45 mins earlier. Much tighter stop, 18 pips 15min against 40 pips for 1 hr, moved stop to B/E when RN was hit 1.2800 after that just let it run upto target.

Do not trade the 15 min exclusively, it has more signals and more fakeouts, but in some instances it can improve your 1 hr entry or as in this instance improve your results.

The use of Performance Enhancers can be detrimental to your financial health.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Tue 15min.png Size: 18 KB
Click to Enlarge Name: TUE 1Hr.png Size: 16 KB
Cut your Losers short and let your Winners run.
  • #8,517
  • Sep 11, 2012 1:45pm Sep 11, 2012 1:45pm
Quoting thrax
I personally would not take the short, because I like following the tend. The trend according to my trend definitions and strategy is long now. There is a support at the 1.03450 area I wait for bouncing off from it.
AU H4 update: I entred the trade @1.03924, my TP is just below the completion of the ABCD pattern and below the next big round number. I shifted the SL just above my entry, so there is no risk in this trade anymore.

take care,
thrax
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4_strategy name_20120911205818.gif Size: 21 KB
  • #8,518
  • Sep 11, 2012 7:41pm Sep 11, 2012 7:41pm
Quoting dee50
Have a look at this. This is all happening just on this chart, there might be other clues on other time frames, but these clues should be enough to keep you out of the market, or to have patience and wait till all your entry rules are met. What are your rules?

1. Is price near STRONG Market Structure. If YES you do WHAT?

2. ???

3. ???

4. ???
Hi Dee...

thanks a lot, the picture really paints a thousand words especially with some brief explanation there. It also reminds me, I always forget to check divergence.

Will make a checklist of my rules and print it to avoid me from being forget to check it before jump in a setup and regret it after...
  • #8,519
  • Sep 11, 2012 7:59pm Sep 11, 2012 7:59pm
I hear and I forget.
I see and I remember.
I do and I understand.
- Confucius (551 BC - 479 BC)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,520
  • Sep 11, 2012 9:15pm Sep 11, 2012 9:15pm
Quoting dee50
Psstt!!

I will get my wrist slapped for suggesting this, so do not tell the puritans, and, this is not suitable for children unless they are accompanied by an adult.

MTF does not just work TOP DOWN, it can be beneficial to keep an eye on what is happening below. Compare the results for today between the 1 Hr and the 15 min. The 1 hr PA confirmed the entry in the 15 min. You may not have taken the trade on the 1 hr because the TDI cross occured at the 68 where as the 15 min entry occurred 45 mins earlier. Much tighter stop, 18 pips 15min against...
great trade Dee !! , i see the steep angle cross up of the tdi , also price had gone above the 60 ema , and the pullback red and then blue candle - also you said the h1 was positive - was there any other reasons for your entry ?
Just trying to learn , thanks for all your excellent posts .
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