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TDI and Stochastic strategy

  • #121
  • Jul 30, 2013 12:40pm Jul 30, 2013 12:40pm
Quoting Helee
{quote} Hi aandaleb, Thx Christinaa Hope my TF is better now Can you please explain the strategy here, 1-are all good entries? 2-1st is good entry but the other we add positions or 1 and 2 are good and 3rd takes SL? Thx for ur help Helee {image}
Entry 1 is good. Entry 2 is bad because you should be looking to exit @ break-even, not start another trade since TDI double topped. Entry 3 is also good. Trade 3 does not hit stop loss because TDI did not hit 50 yet, so you should not even have a stop-loss. Read post #1 again (maybe even twice), this stuff is all there and quite clear.

Also, I dont know what those horizontal lines are for. If they are supposed to be entries, again, read post #1.
  • #122
  • Jul 30, 2013 12:42pm Jul 30, 2013 12:42pm
Quoting Helee
{quote} Thx for your comments, This is how we learn and get the right info when analyzing the graphs.

The Wizard is right again. Keep the strategy simple for yourself and only trade if TDI crosses the lines, not before.
  • #123
  • Jul 30, 2013 12:43pm Jul 30, 2013 12:43pm
Quoting Helee
{quote} Thx The Wizard, I understand that, but its also mentioned that sometimes TDI fails to reach 68.. so when to go short? what signs are there? Thx

If TDI fails to reach 68, YOU should not take a trade. I may, but you should stick to the easy clear part for now.
  • #124
  • Jul 30, 2013 12:44pm Jul 30, 2013 12:44pm
Quoting Frenchie
We had a cross one hour ago. So in theory we are long, right?
Yes long.
  • #125
  • Jul 30, 2013 12:46pm Jul 30, 2013 12:46pm
Quoting Stompe
Hi Aandaleb, Is my setup correct please {image}

Something is wrong with your TDI line. Make sure you didnt remove the wrong line. Yours is not smooth enough it seems.

Ya and remove 80/20 lines
  • #126
  • Jul 30, 2013 12:47pm Jul 30, 2013 12:47pm
Quoting The Wizard
{quote} ok. I think this is advanced trading ( if you dont want to wait for TDI to break 68 level). If I were you I would personaly stick to the original and easy trades wait until TDI breaks the 68 and hooks downward, then you wait for the stochastics to cross the TDI under the 68 level then you enter the trade. If you think that TDI will not reach the 68 level then you can enter once Stochastics crosses the TDI downward.

I agree
  • #127
  • Jul 30, 2013 1:54pm Jul 30, 2013 1:54pm
Could some one explain to me how you overlay indicators please. Thank You
  • #128
  • Jul 30, 2013 2:22pm Jul 30, 2013 2:22pm
Quoting aandaleb
{quote} Entry 1 is good. Entry 2 is bad because you should be looking to exit @ break-even, not start another trade since TDI double topped. Entry 3 is also good. Trade 3 does not hit stop loss because TDI did not hit 50 yet, so you should not even have a stop-loss. Read post #1 again (maybe even twice), this stuff is all there and quite clear. Also, I dont know what those horizontal lines are for. If they are supposed to be entries, again, read post #1.
Just wondering if you could clarify a little more on Entry 2 mentioned above. You say he should not be looking to start another trade because of the double top. Yet in post #1, you say:

6)***IF TDI starts moving down, then goes back upwards, whether it is a double top or continues to go up even higher, I keep taking positions but look to close at the overall break-even point (this happens once every.....say 4 trades, but I have NEVER lost money, just stick to the strategy).

So do you keep taking positions or not if a double top occurs?

Thanks,

TF
Prices are never too high to begin buying or too low to begin selling.
  • #129
  • Jul 30, 2013 2:38pm Jul 30, 2013 2:38pm
a friend once said that banks, hedge funds and prime brokers are not the largest liquidity providers in the fx market. The largest liquidity providers by far isTHE GREAT FOREX HORDE!!!
  • #130
  • Jul 30, 2013 2:58pm Jul 30, 2013 2:58pm
Be carful guys not to oversize your first trade because you might need to take up to 6 more additional trades as Andaleb mentioned in his tutorial ...
  • #131
  • Jul 30, 2013 5:21pm Jul 30, 2013 5:21pm
Quoting turtlefan
{quote} Did you get stopped out given that the stoch has reached the 50 level and a stop would have been placed under the recent swing low, which was taken out a few hours ago? I actually left my trade open, but wasn't sure if you had also or had been stopped out already. Thanks, TF


It's if TDI hits 50 not stoch



4) When TDI touches/crosses the 50 line, I place a stop loss just above the recent highs.
  • #132
  • Jul 30, 2013 5:24pm Jul 30, 2013 5:24pm
Quoting SteelerKeith
Could some one explain to me how you overlay indicators please. Thank You


Put the first indicator like normal
then open Navigator
click custom indicators
click and hold the second indicator and drag on top of the first indicator
  • #133
  • Jul 30, 2013 5:52pm Jul 30, 2013 5:52pm
Quoting christinaa
{quote} It's if TDI hits 50 not stoch 4) When TDI touches/crosses the 50 line, I place a stop loss just above the recent highs.
Ah. My mistake. Thanks very much.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #134
  • Edited 6:27pm Jul 30, 2013 6:15pm | Edited 6:27pm
I have a feeling the price will be going down further. It might go down below 0.905 1 hour later.
  • #135
  • Jul 30, 2013 6:22pm Jul 30, 2013 6:22pm
Quoting Poppyyoz
I have a feeling the price will be going down further.


Zoom out to the 4hr , theres major resistance in this area.


lets hope not!!
Dragon Rider
  • #136
  • Jul 30, 2013 6:22pm Jul 30, 2013 6:22pm
Quoting Poppyyoz
I have a feeling the price will be going down further.
Hope so this way we can add more trades to the initial one
  • #137
  • Jul 30, 2013 6:57pm Jul 30, 2013 6:57pm
Quoting aandaleb
This is my strategy for making money. It is similar to eelfranz's "Trading Made Simple". Set up TDI Indicator. Setup Stochastic Slope indicator as OVERLAY (on top of TDI). Remove the fast moving line of TDI (turn it black so you cant see it), so only the red line remains (I changed the colour to green because it stands out better). Now remove the blue dotted line from the Stochastic Slope (again turn it black). Also, remove the 80/20 lines from Stochastic Slope aswell. See picture attached for my...
aandaleb,

well, you changed the title of your thread which is more suitable than the previous one.

anyway, the Stochastic RSI trading methodolgy has been around since 2005 and had been refined over the years.

you can read more about the Stochastic RSI here

it work in all currency pairs and only certain market type.

that's why you found that it worked for AUDUSD in the recent months.

goodluck with this trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #138
  • Jul 30, 2013 7:44pm Jul 30, 2013 7:44pm
Not going to buy this pair at the moment. Seems that the trend is going down. Will be going further down to maybe 0.9, unless the big buyers are planning to play the market.
  • #139
  • Jul 30, 2013 8:25pm Jul 30, 2013 8:25pm
Quoting Poppyyoz
Not going to buy this pair at the moment. Seems that the trend is going down. Will be going further down to maybe 0.9, unless the big buyers are planning to play the market.
My opinion is once you decide to follow a certain strategy you should follow it to the end... quitting in the middle of a strategy will prevent you from recovering certain losses. In this perticular strategy Aandaled stated that sometimes you need to keep on adding up to 6 positions for you to make money so this should have been factored in when placing your initial trade. Good Luck to all
  • #140
  • Jul 30, 2013 9:03pm Jul 30, 2013 9:03pm
Hi Anndaleb

Have chaged what you said is this now correct please.
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