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Trading Made Simple

  • #16,221
  • Mar 16, 2013 11:25am Mar 16, 2013 11:25am
Quoting snarlyjack
Looks to me that the 4 hour chart and 1 hour chart
are starting to sell off...today and Monday should be interesting.
Maybe put in another short position?

snarlyjack
Snarly,

Looks like a couple of possibilities ahead for GU depending on whether it'll break out from its new range.

Also on the H4, interesting to watch the PA with the TDI. For those struggling to see the signals on H4 - an APD colour change will either coincide with a TDI cross, or will be followed by a TDI cross on the next candle, if the PA continues. Also, look for the Fractal breaks as these give another clue that a recent minor S/R level has been broken.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu possible pa v1 for next week.gif Size: 30 KB
Click to Enlarge Name: gu possible pa v2 for next week.gif Size: 30 KB
Click to Enlarge Name: gu h4 tdi and fractals.gif Size: 38 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #16,222
  • Mar 16, 2013 1:01pm Mar 16, 2013 1:01pm
Quoting redfan
If your are awake during the London and New York session. Do you trade the 1hour or the 4hours?
BIG E, said he when to bed and trade the 4 hours. But he would have trade 1 hour if he lived in UK,
Redfan,

To be honest I like the 4 hour as I can set and forget and it seems to work OK so I'm happy.
If I'm in front of the computer I'll trade the 1 hour if theres a setup and I also like to take a few points on the 15 minute charts.

Regards

Adam
  • #16,223
  • Mar 16, 2013 1:27pm Mar 16, 2013 1:27pm
Quoting buyorsell
Hi all, what moving averages i can put on my chart H1 and H4 to get their crossing close to TDI crossing cause i cant get TDI indi on my tablet? thanks in advance and great thread
Svajunas
Hello Traders,
buyorsell,you can also use 2 and 5 sma on typical price to visualize TDI on your charts.Will post chart later.
  • #16,224
  • Mar 16, 2013 1:46pm Mar 16, 2013 1:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: ej 4h.gif Size: 20 KB
Quoting Ifebaba94
Hello Traders,
buyorsell,you can also use 2 and 5 sma on typical price to visualize TDI on your charts.Will post chart later.
  • #16,225
  • Mar 16, 2013 2:43pm Mar 16, 2013 2:43pm
How interesting,
Just ran a back test using the 2 and 5 sma as in the chart above,
Unless candles are small looks like you can stay in once green crosses red either way,
Even if it goes flat , tweaks etc,
Exit when it crosses back.

Tdi in this time has danced all over yet trade remained up on cross to buy,
Will have to test Monday and see what happens ?

Nelly
  • #16,226
  • Mar 16, 2013 5:03pm Mar 16, 2013 5:03pm
Quoting Ifebaba94
Attachment
Mine shows this on hr 4 chart, But I will long it from MTs 15 Chart .
Attached Image (click to enlarge)
Click to Enlarge Name: pictures.gif Size: 25 KB
  • #16,227
  • Mar 16, 2013 5:05pm Mar 16, 2013 5:05pm
Quoting behman8850
Mine shows this on hr 4 chart, But I will long it from MTs 15 Chart .
First I will go long from101.37 to 101.62 n then wait for hr 4 chart to follow for a short from 102.
Attached Image (click to enlarge)
Click to Enlarge Name: pictures.gif Size: 25 KB
  • #16,228
  • Mar 17, 2013 3:18am Mar 17, 2013 3:18am
Quoting behman8850
First I will go long from101.37 to 101.62 n then wait for hr 4 chart to follow for a short from 102.

Hello behman8850.I completely agree with you.The resistance is looking strong and one can look for short trade from there.However, if it gets broken, I will be a bull because my long term bias for all jpy pairs is long because of its weakness.Not a pro point of view but a noob .
  • #16,229
  • Mar 17, 2013 3:55am Mar 17, 2013 3:55am
.
Quoting Nellycopter
How interesting,
Just ran a back test using the 2 and 5 sma as in the chart above,
Unless candles are small looks like you can stay in once green crosses red either way,
Even if it goes flat , tweaks etc,
Exit when it crosses back.

Tdi in this time has danced all over yet trade remained up on cross to buy,
Will have to test Monday and see what happens ?

Nelly
Hello Nelly,
I could not understand you better. Blame my poor brain but if what you mean is that you love the 2 and 5 sma on the chart.I think the credit is of Emmanuel 7788.I love this guy.He is undoubtedly a pro. My respect .I really admire your contributions.Others like Sjack, favorite also deserve all time attention and respect. To all my fellow noobs, one love. I believe that with dedication and determination, we will be pros one day.I believe
  • #16,230
  • Mar 17, 2013 7:50am Mar 17, 2013 7:50am
Quoting Ifebaba94
Hello behman8850.I completely agree with you.The resistance is looking strong and one can look for short trade from there.However, if it gets broken, I will be a bull because my long term bias for all jpy pairs is long because of its weakness.Not a pro point of view but a noob .
Thank you.
  • #16,231
  • Mar 17, 2013 9:48am Mar 17, 2013 9:48am
Quoting behman8850
First I will go long from101.37 to 101.62 n then wait for hr 4 chart to follow for a short from 102.
Always Know which of the Market Trend you are trading:
Attached Image (click to enlarge)
Click to Enlarge Name: ChfJpy Market Trend.png Size: 358 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,232
  • Edited 3:41pm Mar 17, 2013 10:03am | Edited 3:41pm
Frequently Asked Question: TDI

For all who have access to MT4 on PC, simply use the TDI_RT indicator available.

However, for those who run MT4 in mobile platform like Andoid, or you run other trading platform which do not have the TDI indicator. You can simulate the TDI using two options shown in the attached pics.

It is not which method you use which will determine your trading performance and results.
It is how good your are at reading PA using the HA or APB.
If you see the TDI Green pointing 12-2 or 4-6 direction, it will be your skill in reading the PA that will help you decide whether that 12-2 and 4-6 setup is good to take a trade early before expecting a TDI cross. Sometimes the cross in lower TF end up a losing trade because of the higher TF PA tell a different story.

Always be careful whe market is ranging and volatility is low and there is no momentum in PA.

Back-test and learn this skill and master this in realtime live charts next week.

Trade Well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Create TDI w RSI MA.png Size: 69 KB
Click to Enlarge Name: MovAvg vs TDI.png Size: 40 KB
Click to Enlarge Name: TDI on chart vs RSI MA vs TDI.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,233
  • Mar 17, 2013 10:08am Mar 17, 2013 10:08am
Quoting Winner1245
RSI 8 period
Then drop in 8 MA on the same RSI indicator.
The cross is almost identical to tdi cross
Sorry mate!

This RSI(8) is what known as "fozzy rsi" and is quite different from Dean Malone' TDI which is period (13)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,234
  • Mar 17, 2013 10:12am Mar 17, 2013 10:12am
USD CHF from the H1 perspective

TDI looking for an up swing with mid zone approaching the 32 level

PA in a nice wedge so looking for the breakout.

Looking for a small retrace back to the 618 level which is just shy of the 200EMA.

Once this is hit, watch for continuation of the current day move south
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf h1 3-17-2013.gif Size: 31 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #16,235
  • Mar 17, 2013 10:14am Mar 17, 2013 10:14am
EU and GU week 12:

Beware of market reaction to the big news....

NY open will be interesting if there will be gaps. But it can be the smart money already knew and that could be reason for the brief rally 14 and 15 Mar.

I will be watching EG closely.

Trade with extra caution.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,236
  • Mar 17, 2013 10:18am Mar 17, 2013 10:18am
Quoting Britpip7
USD CHF from the H1 perspective

TDI looking for an up swing with mid zone approaching the 32 level

PA in a nice wedge so looking for the breakout.

Looking for a small retrace back to the 618 level which is just shy of the 200EMA.

Once this is hit, watch for continuation of the current day move south
Nice H1 Mother Bar

It is going to be Sell but Sell High for next Week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,237
  • Mar 17, 2013 10:45am Mar 17, 2013 10:45am
Quoting emmanuel7788
Nice H1 Mother Bar

It is going to be Sell but Sell High for next Week.
Not doing anything until we see how big the gaps are on market open following the Cyprus news.
"To live with Passion, it takes Courage and Grace to survive"
  • #16,238
  • Mar 17, 2013 11:42am Mar 17, 2013 11:42am
Thats about..
How to opt out annoying user signatures ??
  • #16,239
  • Mar 17, 2013 1:46pm Mar 17, 2013 1:46pm
Emmanuel thanks a lot!!!!

I have been searching for long time if i am able to put custom indicator (TDI) on android, and finnaly you came up with this great solution.

Thanks again.
  • #16,240
  • Mar 17, 2013 2:23pm Mar 17, 2013 2:23pm
Hi All,

Is anyone trading the open of the Asian session?

Regards

Adam
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