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Trading Made Simple

  • #17,221
  • Apr 9, 2013 4:55am Apr 9, 2013 4:55am
Quoting dunggiggs
Yes! we can see green line not in 4-6h sorry for my English
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,222
  • Apr 9, 2013 4:59am Apr 9, 2013 4:59am
Quoting Winner1245
Thank you . Im trying the 15min TF using TDI. I usually look for crosses from Tok open. Just wanted to make sure .
Sure! Any time!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,223
  • Apr 9, 2013 5:06am Apr 9, 2013 5:06am
Quoting emmanuel7788
nothing surprsing as Julian Gillard already said over the weekend she is happy that the AUD and CNY can be exchange directly without using USD.... so this week we buy AUD.
yes there was even no reaction failed chinese CPI/PPI data from this morning..
  • #17,224
  • Apr 9, 2013 5:23am Apr 9, 2013 5:23am
Quoting emmanuel7788
{image} this trade took many 4H candles to happen, and now can BE this trade and it's risk free. my entry was hardly threatened so I did not have to close with small loss. PATIENCE .... and must watch PA using the Ha candles. {image}

Would you tell me the configuration of the Moving Average you use ? is it EMA 5 shift 2Typical ?

and if u don't mind , can u attach the indicator that help to identify the tp1, 2, 3, .. etc (the red one same as fibo )

Thank you
  • #17,225
  • Apr 9, 2013 6:14am Apr 9, 2013 6:14am
Quoting pawpaw1000
With all the YEN meddling, I'll stay away from any shorts on those pairs... Looking for long later. 2 out of 3 in profit here... Closed GBPAUD
AUDUSD got stopped! Seems I need to rather trade on H4 as H1 turned quickly against me. H4 also turned back up even though it was curling over.

EURUSD still got my short but down 15 pips, might close it here as reasons for entering are waning!

Bad day but good lessons.
@pawpaw1000 on Twitter
  • #17,226
  • Apr 9, 2013 6:19am Apr 9, 2013 6:19am
Quoting Favorite
OK, let's start from the very beginning. Our signal - green line crossing the red line. I marked this place with a white rectangle. So according to the rules you had to evaluate this signal. If this signal was good, you were supposed to enter where I marked with the white arrow pointing down. But you didn't enter then. So that's it! You can enter either on the green-red cross, or on a "bounce". Where YOU entered there was NO cross! There was NO "bounce"! Why did you enter? Your entry was against the rules, so you were supposed to lose and you...
thanks for your help Favorite, on your AUDUSD example you see TDI hasn't got a nice angle and so one has to wait for momentum to seperate green from red. So on H1 one would have to enter on that larger bar down no?

I entered as that H1 large bearish bar closed and was up 10 pips before PA turned totally against me.
@pawpaw1000 on Twitter
  • #17,227
  • Apr 9, 2013 6:39am Apr 9, 2013 6:39am
Quoting pawpaw1000
thanks for your help Favorite, on your AUDUSD example you see TDI hasn't got a nice angle and so one has to wait for momentum to seperate green from red. So on H1 one would have to enter on that larger bar down no?
No, we want to see price going up first and then going down and the green line going up first and then going down, like on my GBPJPY.

First they must become closer and then separate. That's a bounce!

And AUDUSD we don't see this "coming closer-going separate" thing. AUDUSD just going down and the distance between the red line and the green line becoming bigger and bigger. It is not a bounce!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,228
  • Apr 9, 2013 6:48am Apr 9, 2013 6:48am
Quoting Favorite
In the lower white rectangle we see that the green line first went down, then started to go up and come closer to the red line than it was at the beginning and then the green line bounced off the red line. That's a bounce! In the upper white rectangle we can see that the Price Action supported this bounce, we can see price going up much higher than a couple of previous candles, and then it goes down. {image} {image}
Thank you for the info Learn something new today.

Quoting kbp
EU H1 pullback {image} waiting for either opportunity (looks like a long to me) If TDI and Stoch cross back on next candle then I'll jump long....
No idea whats going on with EU. Most ppl trading Daily TF say it's at indecision point right now. Long EU already 3hrs ago but now triple top appears on H1 is worrying me me a bit...
EU pls break 3050, go to 3100 so I can TP and go to sleep pls....
back... and more dangerous.
  • #17,229
  • Apr 9, 2013 6:50am Apr 9, 2013 6:50am
Quoting pawpaw1000
AUDUSD got stopped! Seems I need to rather trade on H4 as H1 turned quickly against me. H4 also turned back up even though it was curling over. EURUSD still got my short but down 15 pips, might close it here as reasons for entering are waning! Bad day but good lessons.
It is just not your day.

That's why I switched to M1 - if you have a good system and play by the rules you don't depend on the market manipulations that bad as H1/H4 traders. Much easier to handle the news too.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,230
  • Apr 9, 2013 6:56am Apr 9, 2013 6:56am
Quoting Favorite
It is just not your day. That's why I switched to M1 - if you have a good system and play by the rules you don't depend on the market manipulations that bad as H1/H4 traders. Much easier to handle the news too.
fair enough... EURUSD is turning I see, H1 close looks promising but still need TDI to turn Down
@pawpaw1000 on Twitter
  • #17,231
  • Apr 9, 2013 6:56am Apr 9, 2013 6:56am
Quoting Favorite
OK, here's how you know when to take your profit looking just at TDI, without any fibs, MAs and BS. It is not the only method, but you have to pay attention to this all the time. You look at the H1 TDI. When the distance between the green line and red line becomes more than 10, it usually shows there will be a pullback, it's a good time to take the profit, you can re-enter later On my picture red line is 47.5762, green line 36.8102, the difference is approximately 10.8 {image}
Hi Favorite! I like your idea. YOu used indicator for this?
  • #17,232
  • Edited 7:10am Apr 9, 2013 6:59am | Edited 7:10am
Quoting Favorite;6587653[B
]No, we want to see price going up first and then going down and the green line going up first and then going down, like on my GBPJPY. First they must become closer and then separate[/b]. That's a bounce! And AUDUSD we don't see this "coming closer-going separate" thing. AUDUSD just going down and the distance between the red line and the green line becoming bigger and bigger. It is not a bounce!
So a cross and then 3 bars later green and red seperate doesn't qualify as a trade. Either needs to croos immediately with a good angle or cross and come closer and then seperate for a bounce?

Closed my EURUD - 17 pips... just gambling now, no signal...
@pawpaw1000 on Twitter
  • #17,233
  • Apr 9, 2013 7:14am Apr 9, 2013 7:14am
Quoting pawpaw1000
So a cross and then 3 bars later green and red seperate doesn't qualify as a trade. Either needs to croos immediately with a good angle or cross and come closer and then seperate for a bounce?
Yes, exactly!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,234
  • Apr 9, 2013 7:24am Apr 9, 2013 7:24am
Quoting dunggiggs
Hi Favorite! I like your idea. YOu used indicator for this?
Hi dunggiggs!

It is the same original TDI indicator, you don't have to do anything. Just look at the last two figures (I marked them with a white circle), the first one shows the green line's data and the last one shows the red line data. Picture shows that the green line is 28.9540 and the red line is 34.7866, so the difference is 34.7866 minus 28.9540 is equal 5.8326, let's say it is 5.8

So it is much smaller than 10. When I see that the difference is closer to 8-9 I start watching closely, because usually at 10 pullback starts.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,235
  • Apr 9, 2013 7:26am Apr 9, 2013 7:26am
Quoting kbp
Thank you for the info Learn something new today.
Yes, we live and we learn!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,236
  • Apr 9, 2013 7:28am Apr 9, 2013 7:28am
favorite bounce during eur / usd? At what time you returned position ha? once the 1hr bar closed?
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  • #17,237
  • Apr 9, 2013 7:55am Apr 9, 2013 7:55am
Quoting thomi
favorite bounce during eur / usd? At what time you returned position ha? once the 1hr bar closed?
Yes, that's a bounce all right!

And yes, if you're sure, you should enter once the H1 bar is closed.

However I have to warn you: trading bounce is harder and less safe than trading the initial cross, so you have to analyze all the data again before entering. When I was trading TMS, I took H1 signals and entered from M5, so it was much easier and safer for me.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,238
  • Edited 8:13am Apr 9, 2013 7:57am | Edited 8:13am
Quoting Favorite
Hi dunggiggs! It is the same original TDI indicator, you don't have to do anything. Just look at the last two figures (I marked them with a white circle), the first one shows the green line's data and the last one shows the red line data. Picture shows that the green line is 28.9540 and the red line is 34.7866, so the difference is 34.7866 minus 28.9540 is equal 5.8326, let's say it is 5.8 So it is much smaller than 10. When I see that the difference is closer to 8-9 I start watching closely, because usually at 10 pullback starts. {image}
thank you very much, I will try from now.
Buy GBP/USD mini Profit +25pip(to R1(1.53280))
until new for GBP: NIESR GDP Estimate then the next..
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  • #17,239
  • Apr 9, 2013 8:11am Apr 9, 2013 8:11am
So if I understand well: bounce validated h1: Looking M5: M5 buy croos tdi
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  • #17,240
  • Apr 9, 2013 8:15am Apr 9, 2013 8:15am
what about EURGBP right now buy H1?
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