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Another simple system - Time-Frame 15

  • #17,701
  • Dec 15, 2012 6:40pm Dec 15, 2012 6:40pm
Quoting ramlanne
HELLO pkimnyc,

u are right ...as far as i know TDI are HYBRID INDICATOR developed to indicate market condition related to :-

1-TREND DIRECTION
2-MOMENTUM
3-MARKET VOLATILITY

ALL-IN ONE INDICATOR

AS EVERYONE AWARE THE 4 PRIMARY MARKET CONDITIONS IN A POTENTIAL TRADE ;

1-PRICE ACTION
2-TREND
3-MOMENTUM
4-STRENGHT

SO MY FINDING RECENTLY WITH MY BEHAVIOUR MODIFICATION ...(FOR ME ONLY OKAY)

COMBINATION OF ARJUN LE1 and PRICE ACTION ELEMENTS AS AVERAGE PRICE BAR (APB), PRICE ACTION CHANNEL, TDI IND. WITH MACD TRUE IS WORTH FOR...
not sure if it helps to put tdi and macd together. i think you just need to choose the one that you feel comfortable. they both do the same job is my opinion.
  • #17,702
  • Dec 15, 2012 6:53pm Dec 15, 2012 6:53pm
Hi emmanuel

To be honest I NEVER understood what that 'peacock' picture was about . I asked but got the usual riddles and questions instead of straight answers. Perhaps you could explain it for me please?
If it's still a secret you could PM me!

Looking forward to the revelations

rorieu


[quote=7788;6297015]
Quoting Awakening
Hi 99 problems or others, would you mind to teach me the lesson on this picture from your quoted post?
I figured out this picture long time ago, but my brain can not solve the sign on this picture. Thanks in advance.
quote]
http://www.forexfactory.com/attachme...1&d=1355390688

How many of you still do not see the LOGIC seen in this chart above? show hand or show...
  • #17,703
  • Dec 15, 2012 7:02pm Dec 15, 2012 7:02pm
Quoting kyurem
Hello everybody

let me share another analysis, this time it's a setup that could lead to a trade on Monday.
Your comments are welcome.

Kyurem
I agree with u Kyurem
on the Daily Chart i see a big round number so i think Price would retrace
on the 4h and 1h chart price is below the 10MA
15min chart price is presently above the 10MA,but u must not be in a hurry
i suggest u wait patiently for price to allign with the higher timeframe for a sell
thats mine candid opinion
but remember the market has its own opinion
cheers
  • #17,704
  • Dec 15, 2012 9:23pm Dec 15, 2012 9:23pm
Quoting rorieu
Hi emmanuel

To be honest I NEVER understood what that 'peacock' picture was about . I asked but got the usual riddles and questions instead of straight answers. Perhaps you could explain it for me please?
If it's still a secret you could PM me!

Looking forward to the revelations

rorieu
I dont see any secret in it,

probably it shows strength of the bar or movement
  • #17,705
  • Dec 16, 2012 12:27am Dec 16, 2012 12:27am
Quoting kyurem
Thanks Emmanuel for your comment and advice. I like your counting trick. Your words are always important to read. I appreciate your help.
I'm still searching a process that fits me and that I can apply consistently...

Kyurem
Keep always fundementals in mind before approaching the charts.That's the gas which fuels the engine.
Having said that Yen pairs fluctuations depend on sun elections.
Japan has an election coming up on Sunday, and here's the main thing you need to know: The frontrunner, former PM Shinzo Abe, has been making very loud noises about pushing forth a very expansionary, pro-inflation policy at the Bank of Japan.
So Charts on Yen pairs are in a limbo until Monday.


In trading, you have to be defensive and aggressive at the same time
  • #17,706
  • Edited 1:05am Dec 16, 2012 12:31am | Edited 1:05am
Quoting cku
Hello is it for long or short
pls can u expantiate
thanks
I left is deliberately ambiguous because we as traders should only react to markets and not predict what may happen.
Opportunity is Euro has been in nice consolidation zone (grey box) and ready to break out.
Wait and pounce!http://img.xcitefun.net/users/2010/0...-a-mouse-1.jpg

My friend here is giving me lessons
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #17,707
  • Edited 1:18am Dec 16, 2012 1:08am | Edited 1:18am
Quoting Surfer
Nice analysis. I would question the validity of your bottom purple trendline though.
Could it have been drawn in other places?
Did it really help the decision?

I find Trendlines very subjective and have read about 5-6 different 'correct' ways to draw them
Le1 kept saying..always look for where price is bouncing from...theres nothing subjective about drawing a trendline to mark price highs and lows that are constantly being respected as support and resistance. you just need to practice your eyes to see it. took me a littje while to catch that bottom TL. But it became a valid support after being broken as resistance. That being said, I only use them in CONFLUENCE with other factors like emas, BRNs, HHs, HLs, LHs, LLs, etc, ADR, supply, demand, candlestick patterns and so on...not in isolation. That being said...there is no PERFECT way of drawing trendlines...it should be more like TRENDZONES...but MT4 has no provision for drawing diagonally slanting rectangle bars, so lines will have to suffice..so long as we interprete them as areas of interest and not specific price points.
  • #17,708
  • Dec 16, 2012 1:51am Dec 16, 2012 1:51am
Quoting pkimnyc
not sure if it helps to put tdi and macd together. i think you just need to choose the one that you feel comfortable. they both do the same job is my opinion.
Hello pkimnyc,

yes u are right both do the same job...since im specky n my eyes not really sharps to observed thats why im feel comfortable adding MACD TRUE to assist my observation on divergence/convergence (green bar).One more thing MACD TRUE will assist me to hold the position LONG/SHORT as long as the green/red not crossing the "0" line yet thats must depends the variable input on the MA setting.

The MACD TRUE give a choice: Either face the truth of trading or look for the nearest exit....i'm not worry about exit the trade actually due to we have SL and TRAILING STOP to keep the positive margin save all the time if the position is wrong.

My thinking should be: When my position is right, i have to do nothing instead of doing nothing when my position are wrong!

I must gets proper for information gathering, but myself as new trader must have proper assumptions as I cannot know exactly how a market is going to react each day...no ones knows so my assumption on every trade I made , I should tell my mind the position is always wrong UNTIL the markets prove my position is corrects...thats i always remember.

ANYway thats my tought only...to makes my mind n feeling well on trading.

thanks.
  • #17,709
  • Dec 16, 2012 2:37am Dec 16, 2012 2:37am
Quoting Davit
Keep always fundementals in mind before approaching the charts.That's the gas which fuels the engine.
Having said that Yen pairs fluctuations depend on sun elections.
Japan has an election coming up on Sunday, and here's the main thing you need to know: The frontrunner, former PM Shinzo Abe, has been making very loud noises about pushing forth a very expansionary, pro-inflation policy at the Bank of Japan.
So Charts on Yen pairs are in a limbo until Monday.


Thx David for the warning.
Indeed I didn't check fundamentals ...

Kyurem
  • #17,710
  • Dec 16, 2012 2:40am Dec 16, 2012 2:40am
Hey guys

Do any of you guys remember this post i made?
Go back to post 15838, this is the EU montly TF.
If this was the monthly candle then it will obviously be a trend on the lower tfs.
If anyone payed attention to my post then this was free pips.
Who payed attention to this?

I know IMI said he was going to take it.

This free call was sponsored by X-Man
This was my christmas gift LOL.
Enjoy the holidays guys
Attached Image
X-man the legendary conqueror of markets
  • #17,711
  • Dec 16, 2012 3:02am Dec 16, 2012 3:02am
English Language:

All posts here are done in the English language and English is not the mother tongue of most traders here. Sometimes, due to this, some posts are not correctly understood and create problems for non-English speaking members.
Do you have this problem?

Try answering this question:

How good is your English?
What is a word made up of 4 letters yet is also made up of 3. Although is made of 8 letters, and then with 4. Rarely consists of 6 and never is written with 5.

Answer>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,712
  • Dec 16, 2012 3:11am Dec 16, 2012 3:11am
Quoting emmanuel7788
English Language:

All posts here are done in the English language and English is not the mother tongue of most traders here. Sometimes, due to this, some posts are not correctly understood and create problems for non-English speaking members.
Do you have this problem?

Try answering this question:

How good is your English?
[size=3]What is a word made up of 4 letters yet is also made up of 3. Although is made of 8 letters, and then with 4. Rarely consists of 6...

Funny.....Thx for that !!
  • #17,713
  • Dec 16, 2012 3:11am Dec 16, 2012 3:11am
[quote=rorieu;6297796]Hi emmanuel

To be honest I NEVER understood what that 'peacock' picture was about . I asked but got the usual riddles and questions instead of straight answers. Perhaps you could explain it for me please?
If it's still a secret you could PM me!

Looking forward to the revelations

rorieu

http://www.forexfactory.com/attachme...1&d=1355331180

Hi rorieu

There is no secret in that 'peacock' chart posted by LE1. If there is any secret, it is in LE1 posts made in this thread.

There is this important post #2988 which is very important.

http://www.forexfactory.com/showthre...59#post5751959

Will PM you later.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,714
  • Dec 16, 2012 3:12am Dec 16, 2012 3:12am
Quoting wizard99
Funny.....Thx for that !!
Ha ha...

But 'Funny' is the wrong answer. LOL.
You know the correct answer I am sure.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,715
  • Dec 16, 2012 3:17am Dec 16, 2012 3:17am
[quote=ataata;6297207]
Quoting emmanuel7788


I see the logic! but maybe there is something I missed could you please explain. I know this is one of the fundaments of Arjuns teaching. Thanks in advance for explanation
You see the logic. That's good.
Now you need to put this logic into practice in your charts and trading.
Post #2988 is important daily routine.
http://www.forexfactory.com/showthre...59#post5751959

Trade Well!


http://www.forexfactory.com/attachme...1&d=1355390688
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,716
  • Dec 16, 2012 3:26am Dec 16, 2012 3:26am
[quote=Surfer;6297721]
Quoting emmanuel7788

Spent about half an hour looking at this just now and am pretty sure I know the 'code'. I think some arrows are missing and some are marked incorrectly. I have marked SOME of these - there are more. Please let me know if my analysis is correct.
Still not sure about how this information is all that helpful when making a trading decision though.
http://www.forexfactory.com/attachme...1&d=1355613531


Hi Surfer,

To tell you the truth, it took me more than 10 hours and many times going back to this 'peacock' charts posted by LE1 to try and understand why he made this chart. My mind was corrupted by my own style of trading and I failed to see the obvious. Like you I was trying to look for missing arrows, wrong arrow position, etc.
Then one day, I decided to draw those arrows on my own trading charts using D timeframe and then switch back to my usual lower TF H4, H1 and M15. I found the same logic what I was trading intraday for quite some time. It was my 'Eureka' moment and I decided to stay in this thread and share what I learn with you all.

Stay tune.


Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,717
  • Dec 16, 2012 3:31am Dec 16, 2012 3:31am
Trader's Competence:

Is trading very difficult for you?

Do you have the competence to be a trader?

Ponder over this > (part 1 of 4)

Unconscious Incompetence:
You do not know what you do not know.


Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,718
  • Dec 16, 2012 3:32am Dec 16, 2012 3:32am
Quoting emmanuel7788
English Language:

All posts here are done in the English language and English is not the mother tongue of most traders here. Sometimes, due to this, some posts are not correctly understood and create problems for non-English speaking members.
Do you have this problem?

Try answering this question:

How good is your English?
[size=3]What is a word made up of 4 letters yet is also made up of 3. Although is made of 8 letters, and then with 4. Rarely consists of 6...
haha this is a good one. .... and the answer: my English is so so
  • #17,719
  • Edited 4:54am Dec 16, 2012 3:39am | Edited 4:54am
[quote=emmanuel7788;6298132]
Quoting ataata

You see the logic. That's good.
Now you need to put this logic into practice in your charts and trading.
Post #2988 is important daily routine.
http://www.forexfactory.com/showthre...59#post5751959

Trade Well!


http://www.forexfactory.com/attachme...1&d=1355390688
Hi Emmanuel,

As far as I can see we want to be looking at the previous days candle, was it an inside candle, outside candle, pin bar...... how did it open? how did it close? How it reacts to the EMAs, where's the support and resistance.

This might not be the logic of the "Peacock Fan" but that's my logic.

If this isn't correct can I be corrected in plain English with no riddles please, I'm sure there are a lot of others who are looking for the definitive logic of this chart.

Cheers

Steve
  • #17,720
  • Dec 16, 2012 3:41am Dec 16, 2012 3:41am
Hi,

I am a newby to trading and have spent the last few weeks reading through this thread. I am looking forward to starting to trade a demo account with this system tomorrow. I will post my results if you are interested to know the progress.

Has anyone put together an alert generating EA for this system?

Regrads,

John
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