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TDI and Stochastic strategy

  • #221
  • Aug 3, 2013 9:36pm Aug 3, 2013 9:36pm
Quoting EaglePip
{quote} It also helps to be aware of the big picture. Here is AU monthly chart. Clearly shows the duration of the moves on the pair. {image}

Yeah...that's awesome EaglePip, good idea to zoom out. What bias does this chart give you on the pair ? short term I mean.

If long I would look for oversold conditions on Aandalebs TDI/Stochs. If short,, vice versa.
  • #222
  • Aug 4, 2013 12:22am Aug 4, 2013 12:22am
Quoting bryn077
{quote} .......... What bias does this chart give you on the pair ? short term I mean. If long I would look for oversold conditions on Aandalebs TDI/Stochs. If short,, vice versa.

For any long, I'd look for supply zones on W1, D1 and lower Tfs, but do not wish to confuse that with TDI/Stoch being discussed here.
Perhaps, scalp type trades on 5M as described by rotunda above might work well.
  • #223
  • Aug 4, 2013 12:41am Aug 4, 2013 12:41am
there are several trading strategies using RSI.
TDI is just another mod version using the RSI.
Fozzy RSI trading has been around and proven to be an effective trading method and here in FF you see a few systems using this fozzy RSI method.

The source is found here:

http://www.forexstrategiesresources....-fozzy-method/
  • #224
  • Aug 4, 2013 8:21am Aug 4, 2013 8:21am
Quoting EaglePip
{quote} For any long, I'd look for supply zones on W1, D1 and lower Tfs, but do not wish to confuse that with TDI/Stoch being discussed here. Perhaps, scalp type trades on 5M as described by rotunda above might work well.

I'm with you on that EaglePip...and you are right, let's leave the floor open here for Aandaleb...
  • #225
  • Edited Aug 5, 2013 1:06pm Aug 4, 2013 3:49pm | Edited Aug 5, 2013 1:06pm
ok guys, new rule(assuming a long entry):

When long trade is initiated, take-profit at break-even if, once TDI has closed above 32, it closes on/below 32.

See:
Mar 5th-Would not even get 100 pips, exit as per rule
Mar 12th-Huge save
Apr 9th-would have entered then exited a predicted move, worth over 350 pips
May 10th
23rd-actually this one doesnt count because Stoch did not cross TDI yet, therefore there was no entry yet
june 5th
july 31st
  • #226
  • Aug 4, 2013 7:25pm Aug 4, 2013 7:25pm
Quoting aandaleb
ok guys, new rule(assuming a long entry): When long trade is initiated, use stop-loss(also take-profit) at break-even if, once TDI has closed above 32, it closes on/below 32. See: Mar 5th-Would not even get 100 pips, exit as per rule Mar 12th-Huge save Apr 9th-would have entered then exited a predicted move, worth over 350 pips May 10th 23rd-actually this one doesnt count because Stoch did not cross TDI yet, therefore there was no entry yet june 6th july 31st
That's right. Use stop loss at the previous low or high few candles back. That saves the heart burn with so many orders and draw down leading eventually burning the account. When we can make so many pips every trade losing few pips on few trades doesn't make much of a difference.

When the market is trending there will be many wrong entry signals. Check with H4 chart for the trend using TDI and then flow along with the trend to make more pips. One can keep adding positions along the trend as and when the stoch crosses occur. Convert the adverse situation of a losing trade in a trend into advantage by changing the strategy to trade along the trend.

Good Luck

Fx..
  • #227
  • Aug 4, 2013 8:16pm Aug 4, 2013 8:16pm
Quoting Fx-optimus
{quote} That's right. Use stop loss at the previous low or high few candles back. That saves the heart burn with so many orders and draw down leading eventually burning the account. When we can make so many pips every trade losing few pips on few trades doesn't make much of a difference. When the market is trending there will be many wrong entry signals. Check with H4 chart for the trend using TDI and then flow along with the trend to make more pips. One can keep adding positions along the trend as and when the stoch crosses occur. Convert the adverse...
Not what I said, try reading the post again. And as for h4 candles, this strategy has nothing to do with them. I understand the concept of finding the trend using higher timeframe candles, but I have not mentioned doing so, not once. That is because this strategy was designed and being modified to make money regardless of the trend.

Please stop mentioning higher timeframe candles people, its for 1h only, regardless of the trend. My h4 strategy is still being worked on and will not have anything to do with daily/weekly candles.....or TDI.
  • #228
  • Aug 5, 2013 5:56pm Aug 5, 2013 5:56pm
have any 1 tried this strategy on other pairs yet ?
  • #229
  • Aug 6, 2013 12:25am Aug 6, 2013 12:25am
Quoting aandaleb
{quote} Not what I said, try reading the post again. And as for h4 candles, this strategy has nothing to do with them. I understand the concept of finding the trend using higher timeframe candles, but I have not mentioned doing so, not once. That is because this strategy was designed and being modified to make money regardless of the trend. Please stop mentioning higher timeframe candles people, its for 1h only, regardless of the trend. My h4 strategy is still being worked on and will not have anything to do with daily/weekly candles.....or TDI....
Your method is good. But you have no solution if the market keeps trending in one direction without retracement.

How could you start a thread with 1v as the minimum requirement is 5v?

FxOptimu$
  • #230
  • Aug 6, 2013 5:33pm Aug 6, 2013 5:33pm
Aandaleb this strategy is great I made 258 pips so far AUDUSD long and still have few positions open. I also shorted the same pair at .8962 and have two positions open up until now. Word of advise ....Always plan your trade and trade your plan. If you guys are willing to trade Andalep strategy do not oversize your first position because you wont be able to keep up with it.

Regards
  • #231
  • Aug 8, 2013 1:34pm Aug 8, 2013 1:34pm
Reached my AUDUSD long target and closed ALL long positions in profit.. and have 7 open positions shorting the AUDUSD ........ will see how it develops with the shorts .....
  • #232
  • Aug 8, 2013 4:28pm Aug 8, 2013 4:28pm
Grats Wizard, may ask how many pips you bucket in at your long position?
  • #233
  • Aug 8, 2013 4:41pm Aug 8, 2013 4:41pm
Quoting kavinsky
Grats Wizard, may ask how many pips you bucket in at your long position?
The first time I took partial profit ( closed 7 positions) and bagged 258 pips on the remaining 7 positions) that I closed today I got 251 pips a total of 509 pips in total . I am currently short the AUDUSD and have 7 positions open .
  • #234
  • Aug 8, 2013 4:48pm Aug 8, 2013 4:48pm
its a great way to trade aandaleb
thanks for sharing, this will work perfect if we use ichimoku kinko hyo and support/resistant lines
It will make it perfect its also helps where to enter and exit the market.
  • #235
  • Aug 9, 2013 2:11am Aug 9, 2013 2:11am
Quoting The Wizard
{quote} The first time I took partial profit ( closed 7 positions) and bagged 258 pips on the remaining 7 positions) that I closed today I got 251 pips a total of 509 pips in total . I am currently short the AUDUSD and have 7 positions open .
Hi The Wizard,
Can you please show us a picture with the trades, for easily understand the trades?
By looking at the 1st entry that end-up going against us, and up to now its about +88pips, so it means that all 6 entries below 1st entry are all already above +100pips.
Unfortunately i don't have that kind of resources to follow the trend/strategy when its going against, but will look into another for recovering past losses.
Thanks to all
Take care
Helee
  • #236
  • Aug 9, 2013 6:42am Aug 9, 2013 6:42am
Hello Helee

I am attaching 2 screen shots of the AUD/USD long trades for better understanding (ignore the eur/jpy found in one of the shots). I hope this will help.

Regards

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD1.JPG Size: 385 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD2.JPG Size: 280 KB
  • #237
  • Aug 9, 2013 7:05am Aug 9, 2013 7:05am
Quoting The Wizard
Reached my AUDUSD long target and closed ALL long positions in profit.. and have 7 open positions shorting the AUDUSD ........ will see how it develops with the shorts .....
Nice job on the longs, what about the shorts you placed yesterday afternoon?
  • #238
  • Aug 9, 2013 7:19am Aug 9, 2013 7:19am
Quoting MaxVFX
{quote} Nice job on the longs, what about the shorts you placed yesterday afternoon?
I am currently short AUDUSD with 9 positions still open
  • #239
  • Aug 9, 2013 8:34am Aug 9, 2013 8:34am
Quoting The Wizard
{quote} I am currently short AUDUSD with 9 positions still open

How large is your stop loss?
  • #240
  • Aug 9, 2013 9:04am Aug 9, 2013 9:04am
Quoting MaxVFX
{quote} How large is your stop loss?
I have a strict money mangement tool that I developed over the years based on Elliot wave price action it is a bit complicated to expalin in a thread but let's say that in this particular trade it is around 350 pips which is already factored in once I take the first trade. Not all of my trades have the same number of pips as SL nor numbers of lots per trade.
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