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Trading Made Simple

  • #15,481
  • Jan 16, 2013 12:55pm Jan 16, 2013 12:55pm
4HR Yen shows a good entry. But what stops me is that 1HR is showing a bad TDI cross. I stay out for now.

and daily line shows stright south. so i dont have the gut to get in.
Whatever is happening right now has happened before and will happen again.
  • #15,482
  • Jan 16, 2013 1:57pm Jan 16, 2013 1:57pm
Hello, my name is Jan. I have just started using this system two weeks ago. There are few little things i use to combine with my old system since most of them are only there for additional confirmation and not obligatory rules for entry or exit i hope it wont bother those who are long term users of this systems (i am talking about RSI and 50sma).

I had about 50% of winning and loosing trades so far i will start to post them here so experianced users can review my trading.

Took long on UJ.
http://shrani.si/f/6/dj/4usdnTAZ/chart1.jpg

Question to experianced users of this system:

Is it every important to have matching on at least two or three time frames of trend and signals to enter trade? For example if 4h chart shows TDI cross and starting of new HAshi candle color, while h1 (especially charts bellow signal tf are my concern) is showing oposite movement, is it ok to enter?
  • #15,483
  • Jan 16, 2013 2:09pm Jan 16, 2013 2:09pm
Quoting mnmnmmnnmnmn
Wait for not even a minute and enlarge my TDI window and spot that the angle changed a little bit towards south. compare this with the picture above, it is very noticeable.
mnmnmmnnmnmn,

I would like to use the Trend indicator you show on your charts (Post #15470 and #15472). Can you please tell how I can get it?

Many, many thanks

Atigun78
  • #15,484
  • Jan 16, 2013 3:58pm Jan 16, 2013 3:58pm
Quoting atigun78
mnmnmmnnmnmn,

I would like to use the Trend indicator you show on your charts (Post #15470 and #15472). Can you please tell how I can get it?

Many, many thanks

Atigun78
Just google TDI full name, and you'll find tons place that offers it.
Whatever is happening right now has happened before and will happen again.
  • #15,485
  • Jan 16, 2013 4:05pm Jan 16, 2013 4:05pm
Quoting janpec1000
Hello, my name is Jan. I have just started using this system two weeks ago. There are few little things i use to combine with my old system since most of them are only there for additional confirmation and not obligatory rules for entry or exit i hope it wont bother those who are long term users of this systems (i am talking about RSI and 50sma).

I had about 50% of winning and loosing trades so far i will start to post them here so experianced users can review my trading.

Took long on UJ.
http://shrani.si/f/6/dj/4usdnTAZ/chart1.jpg

Question...
Hi Jan,

Should spend two days read through the whole thread, and this question has been asked so many times. Answer from most people is: ONLY look at the TF that you're trading. So if you get in on the 4HR chart, dont even bother to look at 1HR, which doesnt make sense to me either.

And your RSI is tell me, that you should have not taken that long because it's not even passing the 50% line yet, how do you consider it bullish. And 4HR chart on my screen is showing a sell.
Whatever is happening right now has happened before and will happen again.
  • #15,486
  • Jan 16, 2013 4:06pm Jan 16, 2013 4:06pm
And just by looking at your chart, the red support line now has become resistance. So why long ?
Whatever is happening right now has happened before and will happen again.
  • #15,487
  • Jan 16, 2013 4:08pm Jan 16, 2013 4:08pm
Daily, 4HR and 1HR all show negative.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: d.png Size: 39 KB
Click to Enlarge Name: 4.png Size: 40 KB
Click to Enlarge Name: 1.png Size: 39 KB
Whatever is happening right now has happened before and will happen again.
  • #15,488
  • Jan 16, 2013 4:48pm Jan 16, 2013 4:48pm
Quoting mnmnmmnnmnmn
Just google TDI full name, and you'll find tons place that offers it.
Thanks for the quick reply to my request.
I already have The TDI. What I meant is the indicator(?), in the lower right-hand corner of your Chart window, that reads something like this:
(weak), UP or DOWN, % Down, % Up.

Appreciate any help!

Atigun
  • #15,489
  • Jan 16, 2013 7:22pm Jan 16, 2013 7:22pm
Quoting atigun78
Thanks for the quick reply to my request.
I already have The TDI. What I meant is the indicator(?), in the lower right-hand corner of your Chart window, that reads something like this:
(weak), UP or DOWN, % Down, % Up.

Appreciate any help!

Atigun
That's just a indicator the thread starter offered for download if you take some time to read through the thread.

by the way, it's just a junkie indicator that always confuses you. you can have a try. it's up to you. it's been giving late and fake signals.
Whatever is happening right now has happened before and will happen again.
  • #15,490
  • Jan 16, 2013 7:23pm Jan 16, 2013 7:23pm
EUR 4HR good for entry.
Whatever is happening right now has happened before and will happen again.
  • #15,491
  • Jan 16, 2013 7:30pm Jan 16, 2013 7:30pm
Quoting mnmnmmnnmnmn
Daily, 4HR and 1HR all show negative.
There is Bull Flag on 1 hour?

And what about divergence, could be a buy...

Or the trend line break on the 4 H?

All technical analysis & indicators works some of the time

It takes a lot for me to IGNORE you, but you can try.
  • #15,492
  • Jan 16, 2013 7:56pm Jan 16, 2013 7:56pm
Quoting Erebus
There is Bull Flag on 1 hour?

And what about divergence, could be a buy...

Or the trend line break on the 4 H?

All technical analysis & indicators works some of the time

4HR EURJPY

Just got into a long here. Looks everything is right.

Even if 99% of the people out there are saying EUR is going to drop. But for me, I trade the charts
Attached Image (click to enlarge)
Click to Enlarge Name: QQ??20130115230018.png Size: 42 KB
Whatever is happening right now has happened before and will happen again.
  • #15,493
  • Jan 16, 2013 7:57pm Jan 16, 2013 7:57pm
Yah... my entry on this Long really sucks. It makes me sick when I see it. Im still in negative territory.
Whatever is happening right now has happened before and will happen again.
  • #15,494
  • Jan 16, 2013 8:14pm Jan 16, 2013 8:14pm
Long EJ got stopped out cuz the long term bearish EUR, so tight SL was set.
Whatever is happening right now has happened before and will happen again.
  • #15,495
  • Jan 17, 2013 3:31am Jan 17, 2013 3:31am
Ok, I'm a first timer with this trading system.
I just took three positions: AUDUSD short, GBPJPY long, EURUSD long.
Let's see where this is going...
“A year from now you will wish you had started today.” -Karen Lamb
  • #15,496
  • Edited 5:13am Jan 17, 2013 5:00am | Edited 5:13am
Hello,

@mnmnmmnnmnm thank you for informations, i did went almost trough 600 pages but i guess i forgot that information. Its good to know it for next time.

Now today i am quite pissed off. My trade went exactly as where predicted it. Almost 100 pip it WOULD be if by i got stopped out as well like you with 20pip sl. So far i am seeing that trading this system requires at least 30 pip stop lost, this is already third time i got stoped out in negative with too tight stop loss. Even on low time frames as h1 or m30 require at least 20 pips. Its really hard to see getting stoped out with loss while trade went exactly as expected by system.

http://shrani.si/f/7/Ax/1u9Vhs8i/chart3.jpg

Also the trend line support did become resistance but there was also strong bullish passing over 50sma, this always means strong countiniue bull move if candle that passed 50sma was strong. Additionally trend line reistance in that case is not problem becouse what price action usually does is just slides along with resistance it doesnt bump down from it but only slides, usually with many pinbars or shadows pointing upwards. Even that RSI was not passed there were still many signals dictating long should be taken.

BTW that buy trade is only 0.01 position where i had no sl, my real 0.1 trade is the one with loss.
  • #15,497
  • Jan 17, 2013 5:36am Jan 17, 2013 5:36am
AUDUSD short 30min. H1 TDI is about to have cross too possibly.
Reasons for entry:
-TDI cross 30 min, H1 is looking for cross too
-general trend dirrection down
-strong bear base
-with TDI cross Stocastic passed 50 level which indicates countiniue of move
-RSI still pointing down

http://shrani.si/f/32/102/cIeYR67/chart4.gif
  • #15,498
  • Jan 17, 2013 8:39am Jan 17, 2013 8:39am
Trade above exited with 20 pip loss.

Running EURUSD, GBPUSD, and CADJPY each so far with 10+ pips in profit since NY open.
  • #15,499
  • Jan 17, 2013 11:18am Jan 17, 2013 11:18am
Quoting janpec1000
Trade above exited with 20 pip loss.

Running EURUSD, GBPUSD, and CADJPY each so far with 10+ pips in profit since NY open.
Hi Jan,

TMS on the short TF has too much noises. So people recommend trading on the 4HR. I learned quite a few lessons from the system as well. and realize the best to do this is focusing on the 4HR chart and using 1HR chart for entry point.

And once a position is set up, then go back a couple of bars and pick the highest or lowest point as your stop loss point to be secure. Or pick the closest key point like daily pivot line or structure S/R.

Today's market, gold for example, there's no way for you not getting stopped out on an 1HR or 4HR chart. It was just crazy.
Whatever is happening right now has happened before and will happen again.
  • #15,500
  • Jan 17, 2013 11:19am Jan 17, 2013 11:19am
go back a couple of bars .... i mean 4 HR bar. that 's what the Eel said as well.
Whatever is happening right now has happened before and will happen again.
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