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  • #10,141
  • Feb 4, 2013 11:32am Feb 4, 2013 11:32am
Quoting dcginc
Phx62

Congrats and some really great work on that trade! Simple isn't it when you trade what you see, follow some simple rules and have patience!?!

all the best.

dcginc.
Hi

I have been following this strategy and learning form experienced traders in this thread, I also have joined Protrader Network which is highly recommended for learning about Price Action and TDI strategy, I viewed your weekly analysis, which on its on is a pure price action teaching and mind opening

Thanks for passing by
I Have Learned to Take Some Losses to Make Profits
  • #10,142
  • Feb 4, 2013 2:03pm Feb 4, 2013 2:03pm
I took a trade during the Asian session expecting price to move long and went to bed.....the EA closed that one at breakeven....the second candle of London set the high for the day and pulled back.....entered during the 3rd hour of the London session following that pullback below the blue setup candle and cross of the TDI green over red, below the yellow and about to cross the 50 line.....pulled down for 150 pips so I closed it due to the time of day.....price is closing in on the 61.8 fib from the Thursday/Friday move from last week....we will see if it bounces or pulls on through.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.2.4 ej h1.gif Size: 48 KB
  • #10,143
  • Feb 4, 2013 2:34pm Feb 4, 2013 2:34pm
Quoting Phx62
I took a trade during the Asian session expecting price to move long and went to bed.....the EA closed that one at breakeven....the second candle of London set the high for the day and pulled back.....entered during the 3rd hour of the London session following that pullback below the blue setup candle and cross of the TDI green over red, below the yellow and about to cross the 50 line.....pulled down for 150 pips so I closed it due to the time of day.....price is closing in on the 61.8 fib from the Thursday/Friday move from last week....we will...
good job bro , me too i closed eurjpy +100 pips today and 50pips eurusd and +60pips eurauda and +30 gbpusd TSm s very big strategy thanks
  • #10,144
  • Feb 4, 2013 2:48pm Feb 4, 2013 2:48pm
Quoting Phx62
I took a trade during the Asian session expecting price to move long and went to bed.....the EA closed that one at breakeven....the second candle of London set the high for the day and pulled back.....entered during the 3rd hour of the London session following that pullback below the blue setup candle and cross of the TDI green over red, below the yellow and about to cross the 50 line.....pulled down for 150 pips so I closed it due to the time of day.....price is closing in on the 61.8 fib from the Thursday/Friday move from last week....we will...
phx62 can you add fibonacci indicator i need it if you have thanks
  • #10,145
  • Feb 4, 2013 3:29pm Feb 4, 2013 3:29pm
Quoting davson90
phx62 can you add fibonacci indicator i need it if you have thanks
I just use the one that comes on the MT4 trading platform....go to the Fibonacci Retracement on the tool bar and open it, then open the tab labeled Fibo Levels and set up the fibs you want to show.
Regards...
  • #10,146
  • Feb 4, 2013 4:48pm Feb 4, 2013 4:48pm
Quoting shoktrader
I was looking at this setup last night (while I waited for the lights to go back on during the Super Bowl!).

As I write this my H1 TDI shows a bullish cross at the 32 line. H4 chart seems to show some heavy bearish momentum . Question I have for you is if you are trading off this H1 chart where would you enter? Are you planning on taking this setup and trading from the M15?

Thanks.

(EDIT: I'm going to withdraw these questions. The potential trade I was looking at didn't develop. Major trend still shows up but I'm now looking for this to head...

Well, this time the market did not give us the Buy trade as we want. The retracement of last week low-high went deeper to beyond 61.8%.
We shall see how it will go today when Tokyo open.
Again Euro zone problems in the headlines again and oil prices fell and speculators go for USD. Watch out loonie.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,147
  • Feb 4, 2013 4:53pm Feb 4, 2013 4:53pm
GU trade 4 Feb:

A slow moving trade yesterday.
Took this trade when LO and let MPTM manage the first TP +32pips.
Trade is now BE and wait for Tokyo open.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4 Feb trade 5-2-2013 6-18-02 AM.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,148
  • Feb 4, 2013 6:07pm Feb 4, 2013 6:07pm
Quoting emmanuel7788
GU trade 4 Feb:

A slow moving trade yesterday.
Took this trade when LO and let MPTM manage the first TP +32pips.
Trade is now BE and wait for Tokyo open.
seems to have hit some resistance, do you think it will continue north...?
  • #10,149
  • Feb 4, 2013 9:15pm Feb 4, 2013 9:15pm
Quoting Phx62
I took a trade during the Asian session expecting price to move long and went to bed.....the EA closed that one at breakeven....the second candle of London set the high for the day and pulled back.....entered during the 3rd hour of the London session following that pullback below the blue setup candle and cross of the TDI green over red, below the yellow and about to cross the 50 line.....pulled down for 150 pips so I closed it due to the time of day.....price is closing in on the 61.8 fib from the Thursday/Friday move from last week....we will...
Hello Phx62 I am a follow of this strategic from TMS original and now I try to learn everyday more from this one ,Are you use a EA right now?,Could you share this EA and setting please,thanks.
  • #10,150
  • Feb 4, 2013 11:00pm Feb 4, 2013 11:00pm
Quoting Blaiserboy
seems to have hit some resistance, do you think it will continue north...?

there are several support and resistance , which one are your refeering to? ....1.5780

yesterday was nice support at RN 1.5700 and confluence with Friday low.
it will be good if you post your chart and share what you see.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,151
  • Feb 4, 2013 11:29pm Feb 4, 2013 11:29pm
Quoting Phx62
I took a trade during the Asian session expecting price to move long and went to bed.....the EA closed that one at breakeven....the second candle of London set the high for the day and pulled back.....entered during the 3rd hour of the London session following that pullback below the blue setup candle and cross of the TDI green over red, below the yellow and about to cross the 50 line.....pulled down for 150 pips so I closed it due to the time of day.....price is closing in on the 61.8 fib from the Thursday/Friday move from last week....we will...
This is how I view the market now or try to, reading the compiled books about your posts for the third time, and still I have to read them more, doing a lot of back testing; I found the more I back test the more I can solve problems, cause when I back test I found all sorts of problems that might get me stopped out, resolving them at back testing build the foundation and confedince in tradning the system , what I lack now is the patience while the trade is developing , learning to manage psycology during draw down, ysterday I took 2 entry on EUR/JPY , I exited both of them with BE, only to find out later that both of them made the 50 pips am after, so building the patience will get me right on track with trading.

Thanks for posting, you cant imagine how much I wait for your posts, I have learnt a lot
I Have Learned to Take Some Losses to Make Profits
  • #10,152
  • Edited 2:52am Feb 5, 2013 2:15am | Edited 2:52am
Quoting emmanuel7788
there are several support and resistance , which one are your refeering to? ....1.5780

yesterday was nice support at RN 1.5700 and confluence with Friday low.
it will be good if you post your chart and share what you see.

regards,
Prior price action support and resistance halted the advance


I have attached a slightly different version of the indicator, it has a second line that takes out some of the chop and also a visual alert which can be turned on or off

Enjoy.!!
Attached Image (click to enlarge)
Click to Enlarge Name: daveM - SNAG-00011.jpg Size: 75 KB
Attached File(s)
File Type: mq4 Traders Dynamic Index VISUAL ALERTS.mq4   19 KB | 513 downloads
  • #10,153
  • Edited 10:29am Feb 5, 2013 9:34am | Edited 10:29am
Phx, could you please be that kind?:


http://img825.imageshack.us/img825/186/eu20130205.jpg

Current candle is 15:20 GMT.

Q1.: Lets consider this a valid setup. Would you classify TDI under "bounce off the red" or rather say it is not valid, because green is below red?
Q2.: Previous two days made a CT move to a bigger picture of steep uptrend on daily. Would you consider going long at the beginning of 15:00 candle a CT move or following the trend move?
Q3.: Red over yellow, green bounce off the red (in my opinion that needs to be verified). Price tested EMA200 and 1.35 round number creating pullback bar. Yet CT to last two days steep movement. Yet once you said, that price likes to reverse after strong movement without any correction (here we have 250 pips). Higher low. Did I miss any other factors that needs to be taken into account?


Thankyou,
M.
Remember I'm a newbie!
  • #10,154
  • Feb 5, 2013 10:31am Feb 5, 2013 10:31am
Quoting mierzyk
Phx, could you please be that kind?:


http://img825.imageshack.us/img825/186/eu20130205.jpg

Current candle is 15:20 GMT.

Q1.: Lets consider this a valid setup. Would you classyfy TDI it under "bounce off the red" or rather say it is not valid, because green is below red?
Q2.: Previous two days made a CT move to a bigger picture of steep uptrend on daily. Would you consider going long at the beginning of 15:00 candle a CT move or following the trend move?
Q3.: Red over yellow, green bounce off the red (in my opinion that needs...
See my attached chart.....
1. Line A is a valid signal....red and green are below yellow and below the 50 line but not yet in the oversold area below the 86 line.....yellow is sloping down...the signal came at the beginning of London when market volitility gets strongest.
2. Line B is a valid signal....green over red and yellow...moving out of the overbought area....again, occurs at the beginning of the London session.....the opening candle of London or line B are both valid depending on how aggressive a trader wants to be.
3. Line C has a cross of green below red but I would not take this trade because the cross is on the 50 line and yellow is below that cross....I would not expect price to move very far in that circumstance.....the cross occurs during the early part of the NY session which usually has a lot of whipsaws.
4. And finally line D where you asked the questions....this is also not a valid signal in my opinion for the same reasons a #3....if you throw a fib on the previous strong uptrend you mentioned, you will see that price has reached the 50 pivot line and is bouncing long off from it....I would be considering only long trades on candles C & D but I would be very cautious entering a long trade in that area because the Average Daily Range has been reached....
5. I have stated before that once a strong move of 50 or 60 pips or more occurs, the market will usually consolidate before it reverses.....very seldom will the market reverse immediately unless there is a news item to make that happen.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.2.5 eu h1.gif Size: 51 KB
  • #10,155
  • Feb 5, 2013 10:48am Feb 5, 2013 10:48am
Phew!! What a day. +70 +50 +65 all on the EU today. No time to mark up a chart at the moment got to go out, try and post it later.
Cut your Losers short and let your Winners run.
  • #10,156
  • Feb 5, 2013 11:21am Feb 5, 2013 11:21am
Quoting Phx62
See my attached chart.....
1. Line A is a valid signal....red and green are below yellow and below the 50 line but not yet in the oversold area below the 86 line.....yellow is sloping down...the signal came at the beginning of London when market volitility gets strongest.
2. Line B is a valid signal....green over red and yellow...moving out of the overbought area....again, occurs at the beginning of the London session.....the opening candle of London or line B are both valid depending on how aggressive a trader wants to be.
3. Line C has a...
Valuable information as always , thanks
I Have Learned to Take Some Losses to Make Profits
  • #10,157
  • Feb 5, 2013 11:23am Feb 5, 2013 11:23am
Quoting dee50
Phew!! What a day. +70 +50 +65 all on the EU today. No time to mark up a chart at the moment got to go out, try and post it later.
Thanks Dee , congrats

Please post your chart when you have the time

Here is my trade for the day
Attached Image (click to enlarge)
Click to Enlarge Name: 2-5-2013 3-32-03 PM.jpg Size: 364 KB
I Have Learned to Take Some Losses to Make Profits
  • #10,158
  • Feb 5, 2013 11:40am Feb 5, 2013 11:40am
Phx62

I read in one of the compiled books of your posts that to develop the psychology needed for staying in the trade when it moves on our favor specially during draw downs is by exiting the trade when candle color changes

I find my self trying to do so but still finds barriers trying too, when I'm into a trade, I exit when it first draw down and when it reches BE, I close it

Or best case scenario, for example today, entered a trade on EUR/USD , which moved upward fast, my target was set to 50 pips but when price reached 35 to 40 pips and started to draw-down between 30 and 40 pips, I panicked and saved my 40 pips , later on the third candle has even draw down from almost 45 pips to 15 pips or so, only later on the priced reached more than 50 pips

I mean this war psychology when I'm into a trade is what I'm trying to understand , or trying to solve, any advise can help or guide me to correct path
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.jpg Size: 300 KB
I Have Learned to Take Some Losses to Make Profits
  • #10,159
  • Feb 5, 2013 12:18pm Feb 5, 2013 12:18pm
Hi, fellow traders,

I am actually in two trades:
1. EURUSD H4,
after price retested previous weeks low it turned up+bullish TDI cross+price above EMA(200) and the next resistance is the prvious week's high, so this is also my TP.

2. GBPJPY H4
this is a countertrend trade, but I considered the divergence quite strong and price turned with bearish TDI cross below the MBL. My SL is above the latst high, TP is above previous week's Fib 61.8 and BRN 145.000.

I will let you know hot it playes out.

take care,
thrax
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 29 KB
Click to Enlarge Name: gj.gif Size: 37 KB
  • #10,160
  • Feb 5, 2013 2:22pm Feb 5, 2013 2:22pm
Quoting Phx62
See my attached chart.....
1. Line A is a valid signal... [...]
2. Line B is a valid signal... [...]
3. Line C has a cross of green below red but I would not take this trade [...]
4. And finally line D where you asked the questions... [...]
I really appreciate your help. Thankyou. I will not dare to ask all my questions, hopefully I'll find some answers in backtesting. Yet, I cannot resist from asking one regarding 50 line on TDI. I have scanned the whole topic and found some posts regarding 50, only in terms of additional validation of a trade. Eg. when green crosses 50 line, it is an additional confirmation of a trade. Besides that should I expect some abnormal price movement when price is around that 50? Market consolidates, hesitates? Should I treat 50 line just like regular support/resistance?

Thankyou again,
M.
Remember I'm a newbie!
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