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  • #8,821
  • Oct 3, 2012 4:03am Oct 3, 2012 4:03am
Hi all
Have just found this system. Seems to hold promise.
I'm not using metatrader, and my platform doesn't have the TDI indicator. But I have found that the MACD using default settings with a setting of 7 for the signal periods seems to be the same thing.
As they say 'There's nothing new in this world'.
  • #8,822
  • Oct 3, 2012 4:11am Oct 3, 2012 4:11am
Quoting robuk
I am trying to understand your thinking re the 4h trend line, I zoomed out on the chart but still could'nt see exactly what you meant ,any further help would be much appreciated
I am not sure what your confusion is.??

4-5 touches of the trend line before price broke thru. Price has come back down to the trend line and there have now been 8 touches and price has not yet broken away. Meaning that this trend line in conjucnction with other factors is acting as a significant support level.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hr trend line 2.png Size: 90 KB
Attached Image
Cut your Losers short and let your Winners run.
  • #8,823
  • Oct 3, 2012 4:17am Oct 3, 2012 4:17am
Quoting forXtrader
Hi all
Have just found this system. Seems to hold promise.
I'm not using metatrader, and my platform doesn't have the TDI indicator. But I have found that the MACD using default settings with a setting of 7 for the signal periods seems to be the same thing.
As they say 'There's nothing new in this world'.
Have a look at Phx62 charts, that will show you what is possible using this method combined with an understanding of price action.
Cut your Losers short and let your Winners run.
  • #8,824
  • Oct 3, 2012 4:27am Oct 3, 2012 4:27am
Quoting forXtrader
Hi all
Have just found this system. Seems to hold promise.
I'm not using metatrader, and my platform doesn't have the TDI indicator. But I have found that the MACD using default settings with a setting of 7 for the signal periods seems to be the same thing.
As they say 'There's nothing new in this world'.

PriceLine (green) -> 2-period SMA of RSI(13)
SignaLline (red) -> 7-period SMA of RSI(13)
Average (yellow) -> 34-period SMA of RSI(13)
Bands -> Bollinger(34, 1.62) of RSI(13)

There is a description here on FF on how to recreate the TDI using standard MA´s I can not remember what thread, when I get time I will try and find it.
Cut your Losers short and let your Winners run.
  • #8,825
  • Oct 3, 2012 4:29am Oct 3, 2012 4:29am
Quoting dee50
Have a look at Phx62 charts, that will show you what is possible using this method combined with an understanding of price action.
Thanks for that Dee50. Do you have a link to Phx62's charts?

Probably being a junior member means I can't message Phx62 directly. Maybe take me ages to locate them without help.

Thanks.
  • #8,826
  • Oct 3, 2012 4:36am Oct 3, 2012 4:36am
Quoting dee50

There is a description here on FF on how to recreate the TDI using standard MA´s I can not remember what thread, when I get time I will try and find it.
Wow Dee50. Thanks for all that. Usually the way that using the MACD is told, is to place a trade on the crossover. It would seem the better way (This system) is to wait for the cross, then wait again for the pullback, then enter.

Thanks.
  • #8,827
  • Oct 3, 2012 4:40am Oct 3, 2012 4:40am
I am using a 15min TF, and this morning I have entered a couple of trades using this system on my demo account and 1 trade on my live account with very positive results. (I lost one trade because my stop was too close by 2 pips).

This is good.
  • #8,828
  • Oct 3, 2012 4:42am Oct 3, 2012 4:42am
Quoting forXtrader
Thanks for that Dee50. Do you have a link to Phx62's charts?

Probably being a junior member means I can't message Phx62 directly. Maybe take me ages to locate them without help.

Thanks.
Top of the page is a box "search this thread" just type Phx62 and hit go, you will get a few erroneos results containing the name, but this way you will not have to scan the whole thread.
Cut your Losers short and let your Winners run.
  • #8,829
  • Oct 3, 2012 4:44am Oct 3, 2012 4:44am
Quoting forXtrader
Thanks for that Dee50. Do you have a link to Phx62's charts?

Probably being a junior member means I can't message Phx62 directly. Maybe take me ages to locate them without help.

Thanks.
just click on his name

http://www.forexfactory.com/phx62

then click on the number of posts, currently 277, won't take long to read them

It takes a lot for me to IGNORE you, but you can try.
  • #8,830
  • Oct 3, 2012 4:58am Oct 3, 2012 4:58am
Quoting forXtrader
Thanks for that Dee50. Do you have a link to Phx62's charts?

Probably being a junior member means I can't message Phx62 directly. Maybe take me ages to locate them without help.

Thanks.
Forgot about this. Just click on the link, will take you to a pdf containing a lot of Phx62 posts.

http://www.forexfactory.com/attachme...02012%203:18am
Cut your Losers short and let your Winners run.
  • #8,831
  • Oct 3, 2012 5:32am Oct 3, 2012 5:32am
Quoting dee50
I am not sure what your confusion is.??

4-5 touches of the trend line before price broke thru. Price has come back down to the trend line and there have now been 8 touches and price has not yet broken away. Meaning that this trend line in conjucnction with other factors is acting as a significant support level.
Thnx - Got it now
  • #8,832
  • Oct 3, 2012 6:23am Oct 3, 2012 6:23am
Quoting dee50
Forgot about this. Just click on the link, will take you to a pdf containing a lot of Phx62 posts.

http://www.forexfactory.com/attachme...02012%203:18am
Wow. This isn't just charts, it's a whole forex training course!

Thanks Phx62. You will go to heaven.
  • #8,833
  • Oct 3, 2012 9:03am Oct 3, 2012 9:03am
Hope someone was trading this as well. 15 mn chart entries. could have traded the 1 hr but today the 15 min was clearer.

Entries are obvious, I hope! Entry Long, BUEOB, Y Low, DB, Wk Pivot, TDI cross. Target was confluence of 61.8% & 78% & Wk R1. + 40pips

Short Entry. WK R1, 78.6%,61.8%, TDI cross. Target was confluence 38.2 & 89% & wk Pivot +38 pips

PS

I overlayed the OHLC bars so that the 1st entry long is clearer. The HA candles show a large Doji where as the OHLC bars show a Bullish Engulfing.
Attached Image (click to enlarge)
Click to Enlarge Name: Wed 3 15 min.png Size: 49 KB
Cut your Losers short and let your Winners run.
  • #8,834
  • Oct 3, 2012 9:58am Oct 3, 2012 9:58am
Any ideas about this EU-H1 trade?
Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: EUH1.gif Size: 16 KB
  • #8,835
  • Oct 3, 2012 10:05am Oct 3, 2012 10:05am
Quoting smarco
Any ideas about this EU-H1 trade?
Thanks!
Last couple of days really wierd but it sold off virtually to the pip at the high of US session 1 Oct. We now have a possible shampoo (head and shoulders) on 1hr with base at 1.2876.
  • #8,836
  • Oct 3, 2012 10:58am Oct 3, 2012 10:58am
Hi guys, I took 2 trades on H4 charts today. Maybe I closed them a bit early. I think I need to be more confident with the system and myself and be more patient. It takes time.

I use a 5-digit broker.
Usdcad, long @ 0.98438, TP @ 0.98662, + 22 pips
Gbpusd, short @ 1.61296, TP @ 1.60764, +53 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad 2012-10-03.gif Size: 25 KB
Click to Enlarge Name: gbpusd 2012-10-03.gif Size: 24 KB
  • #8,837
  • Oct 3, 2012 11:06am Oct 3, 2012 11:06am
Quoting smarco
Any ideas about this EU-H1 trade?
Thanks!
1.2935 ish was an area of S/R check it on 4 hr and daily. I have marked a couple of very recent areas with large blue arrows.
The TDI bounced off the yellow base line
TdI hooked over sharply. Both reasons to get out. When the green price line gets a long way out from the signal line it will move back in closer. Look on the chart for spikes in the price line and see what happens almost immeadiately after.

In market conditions like these try moving to B/E after 15 pips or less. I can not remember the last time I got stopped out for a loss and yes you may get stopped out for B/E more often but at least you do not have to make up a loss. And you can re-enter.
Attached Image (click to enlarge)
Click to Enlarge Name: smarco rep.png Size: 48 KB
Cut your Losers short and let your Winners run.
  • #8,838
  • Oct 3, 2012 1:16pm Oct 3, 2012 1:16pm
Quoting dee50
1.2935 ish was an area of S/R check it on 4 hr and daily. I have marked a couple of very recent areas with large blue arrows.
The TDI bounced off the yellow base line
TdI hooked over sharply. Both reasons to get out. When the green price line gets a long way out from the signal line it will move back in closer. Look on the chart for spikes in the price line and see what happens almost immeadiately after.

In market conditions like these try moving to B/E after 15 pips or less. I can not remember the last time I got stopped out for a loss and yes...
Thank you for your analysis!
About "TDI bounce at yellow base line" this was visible only after the fall of the price.
Thanks for B/E after 15pips..
I only simulated this entry and and discussed with you
  • #8,839
  • Oct 3, 2012 1:40pm Oct 3, 2012 1:40pm
Quoting dee50
PriceLine (green) -> 2-period SMA of RSI(13)
SignaLline (red) -> 7-period SMA of RSI(13)
Average (yellow) -> 34-period SMA of RSI(13)
Bands -> Bollinger(34, 1.62) of RSI(13)
Thanks Dee50. With this info i've managed to program the TDI for my platform.
So I'm ready to rock and roll!
  • #8,840
  • Oct 4, 2012 3:01am Oct 4, 2012 3:01am
Quoting Mr.H
Hi guys, I took 2 trades on H4 charts today. Maybe I closed them a bit early. I think I need to be more confident with the system and myself and be more patient. It takes time.

I use a 5-digit broker.
Usdcad, long @ 0.98438, TP @ 0.98662, + 22 pips
Gbpusd, short @ 1.61296, TP @ 1.60764, +53 pips
Looks to me that you did everything right. Well done +75 pips not bad for a days work.
Cut your Losers short and let your Winners run.
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