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  • #121
  • Aug 5, 2013 2:42pm Aug 5, 2013 2:42pm
Quoting liewyk
Hi Drewas, May I know why my TDI is different from yours? May I know what is the exact TDI indicator that you use? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdtoday08.JPG Size: 134 KB


Slightly different. Dots and suns mostly in the same spots?

Which broker you with Liewyk I am with Fxpro? May account for the differences.
We're all just one trade away from humility.
  • #122
  • Aug 6, 2013 4:18am Aug 6, 2013 4:18am
Hi Drewas,

I'm using ThinkForex broker... Drewas, may i know when you will exit a trade? Is it once a new dot is formed? What if new dot is formed but the TDI isn't crossing opposite direction?

For example, you are buying EUR/USD, give a scenario below what action you will take? Hold or Exit?

1. A new dot is formed on the third bar but the green line ain't crossing downwards and the bar does not change from blue to red.

2. A new dot and a sun is formed on the third bar but the green line ain't crossing downwards and the bar does not change from blue to red.

3. A new dot is formed on the third bar and the bar has changed from blue to red but the green line ain't crossing downwards.

4. No dot is formed on the third bar but the bar has changed from blue to red.

Thank you.
  • #123
  • Aug 6, 2013 5:29am Aug 6, 2013 5:29am
hi drewas
testing still
i noticed the sun can repaint as far as 24 bars on the hourly chart!
but as you said...the indicator is allowed to repaint as long as we know how to trade it
after-all its only an indicator and PA is king
a trade that i entered and learnt from below:
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 250 KB
  • #124
  • Edited 7:31am Aug 6, 2013 7:03am | Edited 7:31am
a trade on the 15min chart
entered at 1.536
currently sitting at 1.534
just moved my tp after the screenshot as price was moving strongly

edit: took profits as USD news was near....news is positive for USD so it will probably make new lows but sticking to the rules means not news...i already ran it too close to the news.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 193 KB
  • #125
  • Aug 6, 2013 11:07am Aug 6, 2013 11:07am
Thanks for sharing this system with us Drewas.
My first attempts using it on my demo account have turned out to be rather succesfull.
Do you think that checking on the exactly previous timeframe and seeing whether all the conditions have been met can work as an additional confirmation for entering a trade or even exiting it before it's too late?
  • #126
  • Aug 6, 2013 11:23am Aug 6, 2013 11:23am
Drewas,

This may sound like a strange request, but would you post images of a few proper trades that did not work out? I find that acknowledging when a method fails is instructive for a number reasons. Most posts by the thread administrator show successful trades but never failures. My request is not to show evidence that it does not work but to acknowledge when proper trades go against expectation and then what to do about it -- possibly how to avoid it, but more likely to acknowledge that it happens.
  • #127
  • Aug 6, 2013 11:31am Aug 6, 2013 11:31am
Quoting Brapp
Drewas, This may sound like a strange request, but would you post images of a few proper trades that did not work out? I find that acknowledging when a method fails is instructive for a number reasons. Most posts by the thread administrator show successful trades but never failures. My request is not to show evidence that it does not work but to acknowledge when proper trades go against expectation and then what to do about it -- possibly how to avoid it, but more likely to acknowledge that it happens.
Funny you should request that. I had a trade today that went wrong. Its been the first bad trade I've had in a while and was totally my fault for not waiting for close of candle.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd0608.JPG Size: 186 KB


I saw the sun at the arrow and entered a sell trade. It went for me about 15 pips then reversed and the candle closed up. I made the mistake of entering the trade halfway through the bar about 20 mins into it and it looked certain to continue down but didn't.

My punishment is im not allowed to trade again today . Lesson learnt.

Typically a few bars later price changed direction and went down 30 odd pips (should have been mine ). That's trading.
We're all just one trade away from humility.
  • #128
  • Aug 6, 2013 11:35am Aug 6, 2013 11:35am
Quoting wizard1
Thanks for sharing this system with us Drewas. My first attempts using it on my demo account have turned out to be rather succesfull. Do you think that checking on the exactly previous timeframe and seeing whether all the conditions have been met can work as an additional confirmation for entering a trade or even exiting it before it's too late?
Glad its working for you. I don't use higher timeframes personally but whatever works for you works so...
We're all just one trade away from humility.
  • #129
  • Aug 6, 2013 12:33pm Aug 6, 2013 12:33pm
Quoting flash4
a trade on the 15min chart entered at 1.536 currently sitting at 1.534 just moved my tp after the screenshot as price was moving strongly edit: took profits as USD news was near....news is positive for USD so it will probably make new lows but sticking to the rules means not news...i already ran it too close to the news. {image}
Looks like you got out at the right time maybe could have held on for another couple of bars but hey you got out with a profit better than me today .
We're all just one trade away from humility.
  • #130
  • Aug 6, 2013 12:42pm Aug 6, 2013 12:42pm
Hi Drewas,

Waiting for your reply of my previous post... Thanks a lot ya...
  • #131
  • Aug 6, 2013 1:53pm Aug 6, 2013 1:53pm
Quoting liewyk
Hi Drewas, I'm using ThinkForex broker... Drewas, may i know when you will exit a trade? Is it once a new dot is formed? What if new dot is formed but the TDI isn't crossing opposite direction? For example, you are buying EUR/USD, give a scenario below what action you will take? Hold or Exit? 1. A new dot is formed on the third bar but the green line ain't crossing downwards and the bar does not change from blue to red. 2. A new dot and a sun is formed on the third bar but the green line ain't crossing downwards and the bar does not change from...
Hey Liewk,

I have said right from the off never use the dots on their own. They are a guide, if a dot forms AND you have either a TDI cross AND/OR a MACD slope change AND/OR a change of bar colour AND/OR. How many parameters are up to you I find the more that align the better my success rate.

1 No exit.
2. No exit
3. Would consider exit.
4. Strong exit.

Hope that helps.
We're all just one trade away from humility.
  • #132
  • Edited 2:47pm Aug 6, 2013 2:08pm | Edited 2:47pm
Consider the chart below for nearly two weeks.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI cross examples.JPG Size: 401 KB


Look at the TDI we can see that daily theres between 3 to 5 crosses or bounces of the TDI (ie green off red). Normally two between London and US close.

How does this help us. Well its all about improving our odds of success. You can do this simple exercise on any pair and this will be another tool to help tip the odds of success in your favour.
We're all just one trade away from humility.
  • #133
  • Aug 6, 2013 3:00pm Aug 6, 2013 3:00pm
What about the pair I failed miserably on today

Attached Image (click to enlarge)
Click to Enlarge Name: TDI cross audusd.JPG Size: 390 KB


Well we can see recently that even in a fairly strong down movement there were 4 to 5 TDI crosses with normally 2 during London open and US close.

Even if you traded with the trend your surely going make pips using this system.
We're all just one trade away from humility.
  • #134
  • Aug 6, 2013 3:24pm Aug 6, 2013 3:24pm
Quoting Drewas
{quote} Funny you should request that. I had a trade today that went wrong. Its been the first bad trade I've had in a while and was totally my fault for not waiting for close of candle. {image} I saw the sun at the arrow and entered a sell trade. It went for me about 15 pips then reversed and the candle closed up. I made the mistake of entering the trade halfway through the bar about 20 mins into it and it looked certain to continue down but didn't. My punishment is im not allowed to trade again today . Lesson learnt. Typically a few bars later...
In your first post you mention waiting for the candle color to change before entering. Here you say you didn't wait for the candle to close. Have you adjusted your thinking on that point?

You know what, I just read your post about the multiple AND/OR options to enter or not. No need to reply unless you want to. Thanks!
  • #135
  • Aug 6, 2013 3:40pm Aug 6, 2013 3:40pm
Quoting Brapp
{quote} In your first post you mention waiting for the candle color to change before entering. Here you say you didn't wait for the candle to close. Have you adjusted your thinking on that point? You know what, I just read your post about the multiple AND/OR options to enter or not. No need to reply unless you want to. Thanks!
There's no absolutes that I've found trading but had I waited for the candle to close and looked at the MACD I would have seen it continue up (albeit slightly) and am pretty sure I wouldn't have sold there.

I suppose had I waited for the candle to close and it continue down (like it did a few bars later) it would have been a safer trade but have missed out on a few pips. Hey am clearly still learning to get the discipline needed for this game .
We're all just one trade away from humility.
  • #136
  • Aug 7, 2013 3:46am Aug 7, 2013 3:46am
Hi Drewas,

Refer to the image below, would you take a buy trade?

Dot and sun is formed, green line already crossed upwards few hours before the sun is formed, so assume that MACD is going to change direction to up and the candle bar is going to change from red to blue, will you take a buy? The question is lies on the TDI since green line already crossed red line prior to the sun forming, and assuming the green line will bounce off the red line, will you take this trade immediately?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1.JPG Size: 281 KB
  • #137
  • Aug 7, 2013 4:18am Aug 7, 2013 4:18am
Hi Drewas,

Refer to the image below, will you consider a buy trade? Dot and sun is formed on previous candle. Current candle bar is still having a red bar but the green line is already crossing the red line as well as MACD changed direction.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY1.JPG Size: 327 KB
  • #138
  • Aug 7, 2013 4:37am Aug 7, 2013 4:37am
Hi Drewas,

Once the dot and sun is formed, do we always have to wait for the next candle bar in order for us to make a trade? What if once the dot and sun is formed, green line crossed red line, MACD changed direction, as well as the current bar has changed color, can we immediately take the trade?

Thanks a lot...
  • #139
  • Aug 7, 2013 11:13am Aug 7, 2013 11:13am
Quoting liewyk
Hi Drewas, Once the dot and sun is formed, do we always have to wait for the next candle bar in order for us to make a trade? What if once the dot and sun is formed, green line crossed red line, MACD changed direction, as well as the current bar has changed color, can we immediately take the trade? Thanks a lot...
Hey Liewk,

Guess its personal preference I personally try to wait until I am certain that a change has occurred and normally that's what I look for.

No trades from me today didn't have time.
We're all just one trade away from humility.
  • #140
  • Aug 9, 2013 1:11pm Aug 9, 2013 1:11pm
Hello Drewas,

thanks for sharing your system. I tested it for a couple of weeks, did mistakes, hopefully learned from them to become more efficient.
But there are still mistakes that I cannot explan like this one :

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 372 KB



Could you please explain me how I could have prevent this kind of failure ? I feel like there is something that I am not monitoring properly. Thanks.
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