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Attachments: TDI and Stochastic strategy
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TDI and Stochastic strategy

  • #161
  • Jul 31, 2013 11:02am Jul 31, 2013 11:02am
Quoting foxmaster
{quote} I had another look at the charts on page 1 and it would appear that the description of the strategy needs some clarification of the slope of the stoc at the time of crossing. I have said in my post that the stoc has crossed, however the OP has said that the direction of the stoc needs to be up although I see from his first charts that is not actually the case. Perhaps if he isn't too drunk at the moment he could lend some clarity on this. I still say that you would be stopped out of your first trade before entering your 2nd, is there a rule...
The TDI has not crossed the 50 level yet. That is the stoch. So no stoploss was set.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #162
  • Jul 31, 2013 11:04am Jul 31, 2013 11:04am
Quoting pipsel
{quote} When would those 6 have been there...?
Well, I got into the trade a little late because it crossed at like 6 AM my time, and I was in bed. I entered on the next candle at .90827. So I currently have 6 open. Very hesitant to let it open any more at this point, as it is suicide to keep opening positions on a losing trade. No telling when this train will turn around and retrace enough to exit at breakeven.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #163
  • Jul 31, 2013 11:38am Jul 31, 2013 11:38am
Quoting turtlefan
{quote} Well, I got into the trade a little late because it crossed at like 6 AM my time, and I was in bed. I entered on the next candle at .90827. So I currently have 6 open. Very hesitant to let it open any more at this point, as it is suicide to keep opening positions on a losing trade. No telling when this train will turn around and retrace enough to exit at breakeven. TF

All right, I really want to understand, it might have been different from what is explained in post #1 but when did you put in trades, again just for my understanding. I have always tried to trade the trend and for me this is just a slight different approach.
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #164
  • Jul 31, 2013 12:21pm Jul 31, 2013 12:21pm
Quoting pipsel
{quote} All right, I really want to understand, it might have been different from what is explained in post #1 but when did you put in trades, again just for my understanding. I have always tried to trade the trend and for me this is just a slight different approach.
I've attached my chart. Trade was taken at close of bar where the red line is showing. It could have been taken at the close of the previous bar, but I was sleeping. After that, positions were opened every 25 pips, as specified in post #1. So my six positions were as follows:

1) 0.90827
2) 0.90570
3) 0.90320
4) 0.90067
5) 0.89801
6) 0.89543

Hope this helps.

Currently my TP for all is set to 0.90213. Might be hard to cross back over the .90 mark. Should be interesting.

TF
Attached Image (click to enlarge)
Click to Enlarge Name: audusdmh1.png Size: 17 KB
Prices are never too high to begin buying or too low to begin selling.
  • #165
  • Jul 31, 2013 12:41pm Jul 31, 2013 12:41pm
All right that makes sense thanks. So the TDI didn't actually always cross the Stoch. I was kinda wondering if that made a difference but you did pretty good with it, thanks this explains a lot!
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #166
  • Jul 31, 2013 1:07pm Jul 31, 2013 1:07pm
Quoting christinaa
{quote} 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
Thank You Christina
  • #167
  • Jul 31, 2013 1:20pm Jul 31, 2013 1:20pm
Quoting turtlefan
{quote}Currently my TP for all is set to 0.90213. Might be hard to cross back over the .90 mark. Should be interesting. TF {image}

So all the orders in your chart are still open, hoping to get to 0.90213? Why wouldn't you just put in 6 orders at the lowest point?
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #168
  • Jul 31, 2013 1:28pm Jul 31, 2013 1:28pm
Quoting pipsel
{quote} So all the orders in your chart are still open, hoping to get to 0.90213? Why wouldn't you just put in 6 orders at the lowest point?
Have you read the rules in post #1? Additional orders are only taken after the price moves against your position (one additional position per 25 pips of movement). Read the guidelines on post #1 carefully and see if you can understand the process.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #169
  • Jul 31, 2013 1:33pm Jul 31, 2013 1:33pm
See, I guess I don't quite understand. You put in a BUY at 0.90827 and the price went up at that point. Did you close that with a profit or did you keep it open? (And the same question would be for the other orders you put in). What I don't understand about it is that if you kept the BUY orders open you would end up with a loss. Unless you closed them after so many pips. Please tell me if this is the wrong way of thinking.
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #170
  • Jul 31, 2013 1:49pm Jul 31, 2013 1:49pm
Quoting pipsel
See, I guess I don't quite understand. You put in a BUY at 0.90827 and the price went up at that point. Did you close that with a profit or did you keep it open? (And the same question would be for the other orders you put in). What I don't understand about it is that if you kept the BUY orders open you would end up with a loss. Unless you closed them after so many pips. Please tell me if this is the wrong way of thinking.
That first trade was not in profit very long (or by very much) before it went negative, so I still have that trade open (as well as all others, as seen from the screenshot). The idea of this method is when the price goes against you, you open additional positions so that when price eventually retraces, it will not have to go all the way back to your original entry price in order for you to close all orders out at breakeven (no profit/loss). It's really not a recommended way to trade, as there is never a guarantee that price will come back enough to allow you to get out, and you could blow your account if your position sizes are too large. But that appears to be part of this method.

The original poster (where is he/she?) said the most levels they had ever gone were 6. Well, I got there today on my very first trade with this method. And were it not for the FOMC's comments about QE continuing, the pair would probably still be headed down. Hopefully we will now be able to get out of this drawdown.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #171
  • Edited 2:47pm Jul 31, 2013 1:52pm | Edited 2:47pm
Hi guys, sorry I have not been around in a while. Here is how this trade is progressing for me:

First of all, I think we all pretty much know when Stoch crossed TDI upwards after TDI was under 32. Since I only enter on 25 pip intervals (I now realize this part wasnt as clear or even existent as it should have been in post #1). I put a short entry at 0.9100 and 0.9075, since price was in between these two prices. I also put entry orders every 25 pips below 0.9075. If 0.9100 was hit, which it wasnt (max price was .90997), I would leave all others as they were. Since 0.9100 was not hit, but 0.9075 was hit, I removed 0.9100 (since I dont want to buy at a higher price). The positions I currently have are:
0.9075, 0.9050, 0.9025, 0.9000, 0.8975, 0.8950. Lowest price at time of writing is 0.8934, so 0.8925 would not have been triggered (admittedly I did not even have 0.8925 in my entry list, since my model does not expect a 7th entry). So basically, I am at the maximum level of trades I have ever been at with this trade. It should be very interesting to see what happens next. Accordinging to my strategy, price should move up now. If TDI was at a double bottom, I would look to exit at break-even (0.9013), but this has not happened, so I'm still in. If this current trade succeeds, those of you who have stayed the course as The Wizard advised will not only be in on the lowest price available, but have a whopping 6 positions!!!! That does not happen often, and when it does, profits are HUGE.

Lets see.
  • #172
  • Jul 31, 2013 2:00pm Jul 31, 2013 2:00pm
Quoting aandaleb
Hi guys, sorry I have not been around in a while. Here is how this trade is progressing for me: First of all, I think we all pretty much know when Stoch crossed TDI upwards after TDI was under 32. Since I only enter on 25 pip intervals (I now realize this part wasnt as clear or even existent as it should have been in post #1). I put a short entry at 0.9100 and 0.9075, since price was in between these two prices. I also put entry orders every 25 pips below 0.9075. If 0.9100 was hit, which it wasnt (max price was .90997), I would leave all others...
So you recommend removing the breakeven TP on the six positions? Think any of them should be closed at all?

TF
Prices are never too high to begin buying or too low to begin selling.
  • #173
  • Jul 31, 2013 2:04pm Jul 31, 2013 2:04pm
New traders.... please read the description of this trading system before you place your trades and calculate your risk before jumping in and start adding positions to your trade and sweating everytime the market goes against you. Do some homework backtest the sytem and you will see that with patience and proper work YOU will make money. Aandaleb was kind enough to share this sytem with all of us so please dont bash it if you dont like it dont trade it is as simple as that. I have noticed that most of the questions that were asked here are answered in the description of the strategy please go back read it once twice until you get it then if things arent clear we will be more than happy to assist you.

Good pipping
  • #174
  • Jul 31, 2013 2:25pm Jul 31, 2013 2:25pm
Apologies to all for confusing you, I did not know my TDI line from my Stoc line...my bad.

Still glad I am not long in this down trend without end
  • #175
  • Jul 31, 2013 2:39pm Jul 31, 2013 2:39pm
SteelerKeith: Drag and drop it on TDI once TDI has been created.

turtlefan: Good question. If TDI makes a double top/bottom, the first thing I am looking to do is get out at break-even (obviously that is my average price). To answer your question, until I get my average price, I will continuously be taking positions as price goes against me (effective reducing my average price). I basically have a tp(or sl, depending on the position) at break-even, and also have entries if they are triggered. Every time an entry is triggered, I adjust my break-even (because obviously it will be lower).
Your chart looks good, but where is there TP @ breka-even? Do you see a TDI double bottom that I dont?

Stompe: Yes, your chart looks correct

kavinsky: Thanks! appreciate it.

Frenchie: You are right, price is in a downtrend. I have been SUPER long EURAUD for several days now because of a new longer-term strategy I am working on, and if EURAUD is going up, that means AUD is going down, but, this strategy is meant for shorter terms. Somewhere between day-trading and swing trading (although I guess you could call this swing trading). Trend does not matter to me for this strategy. It is daring, balls required

amir558: No, if you cant follow instructions, buy an EA. I am not charging for this system, but it will cost you time, effort and competence.

pipsel: your chart is correct, but unless you missed the crossover, you are entering late (next time you may completely miss the entry, as price may move upwards immediately).

christinaa: TDI slope is still upward, does not constitute a double bottom (yet). No exits yet.

pipsel: cross only. doesnt matter how many times, enter on first cross

foxmaster: Stoch is the fast one.

LASTLY, big thank you to The Wizard for your knowledge and competence. You guys should consider his posts to be correct.
  • #176
  • Jul 31, 2013 3:15pm Jul 31, 2013 3:15pm
Quoting aandaleb
turtlefan: Good question. If TDI makes a double top/bottom, the first thing I am looking to do is get out at break-even (obviously that is my average price). To answer your question, until I get my average price, I will continuously be taking positions as price goes against me (effective reducing my average price). I basically have a tp(or sl, depending on the position) at break-even, and also have entries if they are triggered. Every time an entry is triggered, I adjust my break-even (because obviously it will be lower). Your chart looks good,...
Thanks for the clarification. In response to my TP, no... that was just there for account preservation when I didn't think this downtrend was even going to pause for a breath. Now that it seems to have turned around a bit, I have removed the breakeven.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #177
  • Jul 31, 2013 4:36pm Jul 31, 2013 4:36pm
Quoting aandaleb
Hi guys, sorry I have not been around in a while. Here is how this trade is progressing for me: First of all, I think we all pretty much know when Stoch crossed TDI upwards after TDI was under 32. Since I only enter on 25 pip intervals (I now realize this part wasnt as clear or even existent as it should have been in post #1). I put a short entry at 0.9100 and 0.9075, since price was in between these two prices. I also put entry orders every 25 pips below 0.9075. If 0.9100 was hit, which it wasnt (max price was .90997), I would leave all others...
Hi

If i understood correctly, you prefer RNīs? The positions I currently have are:0.9075, 0.9050, 0.9025, 0.9000, 0.8975, 0.8950.??

Thx
Helee
  • #178
  • Jul 31, 2013 5:11pm Jul 31, 2013 5:11pm
I really hope that the price will go up and you guys will earn big time. But as of right now, I am not seeing any big retracement to break the trend. Using the sidus method to confirm it. Have to wait a long time for the retracement.
  • #179
  • Jul 31, 2013 5:29pm Jul 31, 2013 5:29pm
Quoting aandaleb
Hi guys, sorry I have not been around in a while. Here is how this trade is progressing for me: First of all, I think we all pretty much know when Stoch crossed TDI upwards after TDI was under 32. Since I only enter on 25 pip intervals (I now realize this part wasnt as clear or even existent as it should have been in post #1). I put a short entry at 0.9100 and 0.9075, since price was in between these two prices. I also put entry orders every 25 pips below 0.9075. If 0.9100 was hit, which it wasnt (max price was .90997), I would leave all others...
Are you going to take more than 6 levels if it continues to drop?

TF
Prices are never too high to begin buying or too low to begin selling.
  • #180
  • Jul 31, 2013 5:49pm Jul 31, 2013 5:49pm
Yeah, I kinda wonder the same. If it continues like this it will hit the account pretty damn hard. Do anyone else have a "max loss" in this type of martingale trade?
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