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Trading Made Simple

  • #15,301
  • Oct 8, 2012 8:25pm Oct 8, 2012 8:25pm
Hi Peekaypips,

your use of "-" could easily be read as a minus, indicating a loss.

I too took some trades on demo, there were a number of trades signalled at the close of the first H4 candle of the week.
I didn't do as well as you with the EJ. I used a trailing stop and was out with only 29 pips. If I had let the trade run, the market offered as much as 120 pips at one stage. Sticking with it until the TDI flattened would have similar profit to yours.
I do wonder if the signal candle was maybe on the small side and if a trader more experienced with this method would have passed on this trade. Possibly not an ideal time of day either, but then again the Japanese market was open.
ej 8 oct.gif
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  • #15,302
  • Oct 9, 2012 12:42am Oct 9, 2012 12:42am
Good point Gumrai and thanks.

They were all profitable trades. I agree it can be a little tricky taking a trade at the opening (for it is 5pm est), but I was anticipating the signal was going to be given. At the same time, I was looking at selling the G/U and G/J, however both were the 3rd candle and look how they did. Both ran for about 100 and 150 pips respectively. In the testing I did, the time did not seem to be a factor as the signal was the signal.

i am learning with this method you can let your trades run. I have wide sl and tp in place. I noticed during the testing the drawdown can go up to 60 pips and yet the trade will bounce back nicely, while the losses were limited. As Big E says, the 4 hour candle eliminates a lot of the noise.

I exited two trades (A/J and U/Cad) yesterday with small losses (7 and 5 pips) based on the signals and then one hour later for the A/J, the 4 hour candle indicated that the original trade was still valid and it was up by 20 pips. This was particular true of the E/A trade I took as it ran another 30 pips after I exited. The change in the TDI was likely because of the improving price action in the first hour of the 4 hour candle. I took the following trade at 1am EST. Let's see how it works out. Cheers

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  • #15,303
  • Oct 9, 2012 2:55am Oct 9, 2012 2:55am
Peekaypips,
seems like your chart is the same time as mine, GMT+3hours.
Gu and GJ signal candles were at the end of last week on mine though and both were on first red candles. GJ was a bit muddled though as it had given a failed short signal earlier and almost a bounce on the last candle of the week, the green barely crossed above the red on the TDI
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  • #15,304
  • Oct 9, 2012 8:09am Oct 9, 2012 8:09am
Couple of trade set ups that I think I will pass on

EURJPY H4

I think that this is a valid signal, but price seems to be respecting support at 101.00. I think that I would rather wait to see if price reverses and a long is signalled.
Just my opinion, but I would rather wait for a better looking opportunity.
Don't blame me if I'm wrong
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  • #15,305
  • Oct 9, 2012 8:12am Oct 9, 2012 8:12am
EURUSD

Again a good enough short signal on the H4 chart. I believe that the cross may have happened one candle earlier, but only just.
Looking to the left I see that there have been a lot of price reversals at the current level.
So I'll give this one a miss as well.
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  • #15,306
  • Oct 9, 2012 4:50pm Oct 9, 2012 4:50pm
I experienced whipsaw as I initially bought e/u, e/j and g/u and took a loss and then saw the sell signal as you did Gumrai on the e/j, e/u and g/u. I sold the three pairs only to see the signal say to exit at the next candle, however it looks like if I held on I would have recovered my losses. Oh well tomorrow is another day.
Cheers
  • #15,307
  • Oct 10, 2012 8:09am Oct 10, 2012 8:09am
Well I guess that I was wrong to pass on those last trades, but I think that to make this work you have to only go for the best looking trades.
Problem is knowing what are the best looking
I've just entered long on EJ, little but nervous as it has to break resistance.
There are also trade signals on other correlated pairs, but I think that this one looks the best.
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  • #15,308
  • Oct 10, 2012 2:17pm Oct 10, 2012 2:17pm
Gumrai,

I took the same trade for the E/J. A little late as the opening of the candle did not indicate a buy but the price action improved and the tdi signal indicated a buy. I entered 30 minutes before the 16:00 candle. Are you still holding the trade?
  • #15,309
  • Oct 10, 2012 2:31pm Oct 10, 2012 2:31pm
If you got in a bit late, maybe at a better price?
I'm still in, but negative, TDI is flattening so will be out at the close of the current candle most probably.
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  • #15,310
  • Edited 11:14pm Oct 10, 2012 8:40pm | Edited 11:14pm
Hi guys

what are the pairs most suitable for this system?
I trade using H1 and H4 TF.
What are your recommendations please?
(sorry about my english)

thanks n wish green pips to all
  • #15,311
  • Edited 11:31pm Oct 10, 2012 11:20pm | Edited 11:31pm
Quoting Zimarz
Hi guys

what are the pairs most suitable for this system?
I trade using H1 and H4 TF.
What are your recommendations please?
(sorry about my english)

thanks n wish green pips to all
I ve got some answers about timeframe here from ef
http://www.forexfactory.com/showthre...97#post4611097
  • #15,312
  • Oct 11, 2012 1:02am Oct 11, 2012 1:02am
Quoting Zimarz
Hi guys

what are the pairs most suitable for this system?
I trade using H1 and H4 TF.
What are your recommendations please?
(sorry about my english)

thanks n wish green pips to all
As I am just starting out with this method I can't really recommend any specific pairs. Eelfranz did mention 8 pairs early in the thread I think. Can't remember which ones tho.Obviously the major pairs tend to pick up most momentum and I think that's important for this method to work. Also you tend to get better spreads on the majors and that can be quite important if trading the H1.
Some brokers really widen the spread on the less popular pairs during slow periods and that can be a major consideration when deciding which pairs to concentrate on.
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  • #15,313
  • Oct 11, 2012 1:31am Oct 11, 2012 1:31am
Quoting Gumrai
As I am just starting out with this method I can't really recommend any specific pairs. Eelfranz did mention 8 pairs early in the thread I think. Can't remember which ones tho.Obviously the major pairs tend to pick up most momentum and I think that's important for this method to work. Also you tend to get better spreads on the majors and that can be quite important if trading the H1.
Some brokers really widen the spread on the less popular pairs during slow periods and that can be a major consideration when deciding which pairs to concentrate...
Ok Gumrai, thanks for yr explaination
  • #15,314
  • Oct 11, 2012 8:46am Oct 11, 2012 8:46am
Took short in USDCAD at 0.9795.. Looking for 40 pips initially and move to BE
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  • #15,315
  • Oct 11, 2012 5:40pm Oct 11, 2012 5:40pm
Quoting Zimarz
Hi guys

what are the pairs most suitable for this system?
I trade using H1 and H4 TF.
What are your recommendations please?
(sorry about my english)

thanks n wish green pips to all
See #63

http://www.forexfactory.com/showthre...74#post4570374
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  • #15,316
  • Oct 12, 2012 2:40am Oct 12, 2012 2:40am
Quoting Gumrai
See #63

http://www.forexfactory.com/showthre...74#post4570374
Ok got it Gumrai, thank you very much
  • #15,317
  • Oct 12, 2012 7:24am Oct 12, 2012 7:24am
Long on 1hr chart

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  • #15,318
  • Oct 13, 2012 1:33pm Oct 13, 2012 1:33pm
Quoting jusiur
Since I trade with Dukascopy, want to share to anyone who are interested in TDI for JForex (java). PM me, donīt want to disturb this thread.
Credit and thanks to tojoetuga in some Dukas forum.
Hi jusiur,
I'm interested in the TDI java file, but I'm new and can't PM you.
Could you please tell me where can I find it?
Thanks in advance,
Peter
  • #15,319
  • Oct 15, 2012 8:24am Oct 15, 2012 8:24am
Quoting op9
Hi jusiur,
I'm interested in the TDI java file, but I'm new and can't PM you.
Could you please tell me where can I find it?
Thanks in advance,
Peter
itīs my pleasure, look here
Humble & Kalcker CLO2 = Covid killer
  • #15,320
  • Oct 15, 2012 6:11pm Oct 15, 2012 6:11pm
Quoting jusiur
itīs my pleasure, look here
Thank you Julian!
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