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Trading Made Simple

  • #17,281
  • Apr 9, 2013 4:07pm Apr 9, 2013 4:07pm
Quoting stefan416
I've been backtesting it my "entering" on the candle closes of the first candle in which the TDI crosses. A somewhat perpendicular cross to boot as opposed to a scenario where the two lines are moving in the same direction and then the green line marginally crosses (unless the line moves with some conviction away from the red). Same goes for reentries. the green should be real close to the red and then "check mark" with conviction. The TDI is only a derivative of whats showing in the candles afterall, right!!
absolutely, the TDI only shows us what already happened in the PA.

so we must put more focus and weight on PA.

next will be on Support and Resistance where the PA occurs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,282
  • Apr 9, 2013 4:11pm Apr 9, 2013 4:11pm
Quoting emmanuel7788
Let's take some time off and feed our spirit. Watch this video, listen to the words. Let the positive energy flow in this thread to show respect in memory of Eric who gave us Trading Made Simple. http://www.youtube.com/watch?v=JdNwa...eature=related Trade Well folks!
nice lyrics!
Good trading!
  • #17,283
  • Edited 4:29pm Apr 9, 2013 4:13pm | Edited 4:29pm
Quoting vody105
Yeah I think so and in my opinion and experiece...nights are not good for me. It hardly ever goes to the direction Id like it to go . What is more it indicates the signal but the movement is so low that it will not take the profit and you take SL or if you are lucky take TP after London. Just my opinion... OFC, every day is different but mostly i believe it works this way
more often than not, when NY is near to closing time at 4pm NY local time, market get very thin and liquidity drops and pass on to Sydney.
Unless, of course when there is special event or happening which cause increase market volatility, then it will continue into Sydney then Tokyo.
On normal days, the period afetr NY closed is not good timing for H1 and H4 trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,284
  • Apr 9, 2013 4:14pm Apr 9, 2013 4:14pm
Thank you Jackub. You are right. I was disregarding the previous candles. I must have mixed up the rules with another strategy.
  • #17,285
  • Apr 9, 2013 4:21pm Apr 9, 2013 4:21pm
Key news/data release today Wed 10 Apr :

China will announce its Trade Balance and the time of release has not been made known. The market is watching this and if you live in Asia, the stock market will react or perhaps it already factored in the expected...

AUD traders beware!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,286
  • Apr 9, 2013 4:52pm Apr 9, 2013 4:52pm
Quoting vody105
Isnīt it too late to trade now? It will not move much. It will go sideways. Or Am I wrong?
Hi Emmanual,

I think it might still be a little bit early as the H4 TDI is still going up.

But I am a newbie so I'm still learning the process.

Really like your input on the thread glad to see you still sticking around.

Thanks
  • #17,287
  • Edited 6:08pm Apr 9, 2013 5:30pm | Edited 6:08pm
Quoting wizard99
Hi Emmanual, I think it might still be a little bit early as the H4 TDI is still going up. But I am a newbie so I'm still learning the process. Really like your input on the thread glad to see you still sticking around. Thanks
Yes, same observation I have.

On H4:
Both 4H APB/HA and TDI still show bullish.
PA is testing BRN 1.0500 and also the highs of previous 2 weeks 13 and 14.
PA chart pattern shows expanding triangle .. which to some traders, it is a bullish pattern.
But with news/data today and tomorrow is Aussie employment data release. If this is positive, then AUD will be more buying.
I have my sight on 1.06 on longer term.

I will stick around much longer when I have free time to spare. ....until one day I will get rid of myself here.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,288
  • Apr 9, 2013 5:43pm Apr 9, 2013 5:43pm
Quoting tenmilewalk
Thank you Jackub. You are right. I was disregarding the previous candles. I must have mixed up the rules with another strategy.
Agree. Chart patterns & candles are more important then TDI. Can enter before the TDI cross and TDI will follow.

Yesterday EU H1:
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....
So I entered long, but turned out it was a hard trade and lot of patience needed as the market was at turning point, forming triple top and triangle and shit:
Quoting kbp
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....
lucky it broke out on the 4th candle and reached 3100.
back... and more dangerous.
  • #17,289
  • Apr 9, 2013 5:57pm Apr 9, 2013 5:57pm
I will be busy for the next couple of days so I leave you all with these below.

Remember we are trend traders. We trade the thrend of the moment...be that M15, H1 or H4.

The process of trading requires us to look at and question ourselves whenever we see a setup on our charts:
Question yourself everytime using these 10 topics below before you make that trade decision

PriceAction
Trend
Multi-Timeframe
Momentum
Support and Resistance
Continuation
Volatility
Market Strength
Range
Timing

Trade Well.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,290
  • Apr 10, 2013 12:13am Apr 10, 2013 12:13am
What market brings today?
EU still looks from W1 bulish however we can see bearish divergency on H1 and H4, on D1 EU reached 38,2% ret and BRN of 1.3100, and my marked S/R at 1.3154, candles are getting smaler and smaller. Buyers are sliping or didnt woke up yet?
Is EU going to retrace, or is it to early?
JacekPreserve Precious Capital
  • #17,291
  • Apr 10, 2013 12:44am Apr 10, 2013 12:44am
Here's my entry on AUDNZD...
Got TDI bounce (check mark)
Had three days of consolidation after bear run with latest higher low
TDI coming up from the 32 level.
Very strong H4 bar close.

Let's see...

But will close the trade because AUDNZD won't be moving now as both crosses have markets closed...
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdh4.png Size: 128 KB
@pawpaw1000 on Twitter
  • #17,292
  • Edited 1:09am Apr 10, 2013 12:54am | Edited 1:09am
Quoting pawpaw1000
Here's my entry on AUDNZD... Got TDI bounce (check mark) Had three days of consolidation after bear run with latest higher low TDI coming up from the 32 level. Very strong H4 bar close. Let's see... But will close the trade because AUDNZD won't be moving now as both crosses have markets closed... {image}
I don,t trade this pair, but entry is on S/R line and consolidation has not be broken yet, and AUD/NZD traders went to sleep ... but you never know ...
JacekPreserve Precious Capital
  • #17,293
  • Apr 10, 2013 1:09am Apr 10, 2013 1:09am
Hi all,
new to trading and forex, learning by errors...
Short on EURUSD H1. Entry as described in first post. But looks bad... What's wrong ?
Attached Image (click to enlarge)
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  • #17,294
  • Apr 10, 2013 1:09am Apr 10, 2013 1:09am
A BO on EJ and GJ mostly. Waiting.
  • #17,295
  • Apr 10, 2013 1:10am Apr 10, 2013 1:10am
Hi all,
new to trading and forex, learning by errors...
Short on EURUSD H1. Entry as described in first post. But looks bad... What's wrong ?

  • #17,296
  • Apr 10, 2013 1:15am Apr 10, 2013 1:15am
Jackub,

Yes, I'am watching the eur/usd. That is my favorite
pair to trade. Haven't made up my mind yet???

My big question is if...the U.S. & N. Korea get into a
big hassle, how is that going to effect the U.S. Dollar
and especially the eur/usd? I'am sure we'll see a lot
of movement but I'am not sure which direction?
Any ideas?

snarlyjack
Attached Image (click to enlarge)
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  • #17,297
  • Apr 10, 2013 1:27am Apr 10, 2013 1:27am
Quoting snarlyjack
Jackub, Yes, I'am watching the eur/usd. That is my favorite pair to trade. Haven't made up my mind yet??? My big question is if...the U.S. & N. Korea get into a big hassle, how is that going to effect the U.S. Dollar and especially the eur/usd? I'am sure we'll see a lot of movement but I'am not sure which direction? Any ideas? snarlyjack {image}
Oh ,no Snarlyjack, we can TRY to figure out what market will do, some of us is doing it with great success, but to figured out what polititians will do is completly unpredictable, I'm afraid....
Seriusly I think and hope after retracement EU will push little higher, W and D looks strong on W on 50 level we just have nice TDI cross... so it will go up a little bit higher, don't you think so?
JacekPreserve Precious Capital
  • #17,298
  • Apr 10, 2013 1:47am Apr 10, 2013 1:47am
Jackub,

Not sure, it looks to me that the monthly, weekly, daily are all in
a larger downtrend (they are just doing a little retracement).
The daily and 4 hour could just roll over and go short. I'am
not sure at this moment, I have no position on. Just watching...

snarlyjack
  • #17,299
  • Apr 10, 2013 1:54am Apr 10, 2013 1:54am
Quoting snarlyjack
Jackub, Not sure, it looks to me that the monthly, weekly, daily are all in a larger downtrend (they are just doing a little retracement). The daily and 4 hour could just roll over and go short. I'am not sure at this moment, I have no position on. Just watching... snarlyjack
I'ts wise to wait, see what market will do and then react, I am standing by. My plan is to kind a clasic stuff wait for retracement and jump into a train when go up again. What if this will not work out? ... nothing really, I will be smarter with new experience and will look for another opportunity, ... tommorow is another day..
JacekPreserve Precious Capital
  • #17,300
  • Apr 10, 2013 2:02am Apr 10, 2013 2:02am
Quoting raster
Hi all, new to trading and forex, learning by errors... Short on EURUSD H1. Entry as described in first post. But looks bad... What's wrong ? {image}
Could you mark with vertical line candle you enter the marker , please?
JacekPreserve Precious Capital
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