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Trading Made Simple for Day Charts

  • #1,761
  • Sep 24, 2013 5:46pm Sep 24, 2013 5:46pm
Quoting Myrmica
Hi all, I am trying the get an idea of this system. Also did some trades but was not very successfull. I have a question: Is it better to go long if the cross of the tdi is above the 50 line (with the green line heading upwards) or is it better to go long if the tdi cross is below the 50 line (with the green line heading upwards)? Myrmica
Ok, already got that now. Looking forward to test this strategy even more.

Myrmica
  • #1,762
  • Sep 24, 2013 6:04pm Sep 24, 2013 6:04pm
hello britip / or anybody else that can help

please see the screenshot attached. i can never seem to get my tms tdi watchdog free of corruption in the text, no matter what corner i select for the text there seems to be other ghost text overlapping?

any tips would be greatly appreciated

Attached Image (click to enlarge)
Click to Enlarge Name: tms watchdog corruption.jpg Size: 201 KB
  • #1,763
  • Sep 24, 2013 6:36pm Sep 24, 2013 6:36pm
Quoting blamshakk
hello britip / or anybody else that can help please see the screenshot attached. i can never seem to get my tms tdi watchdog free of corruption in the text, no matter what corner i select for the text there seems to be other ghost text overlapping? any tips would be greatly appreciated {image}
Sometimes it holds on to the text label

This may take a few steps, but first step is to set the TDI text settings to false and see if that removes the erroneous text.

You can also go into the screen objects and highlight each of the text labels and delete.

Then, if you want the text back, go back into the TDI settings and reset to True
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TDI Text.gif Size: 37 KB
Click to Enlarge Name: tdi objects 1.gif Size: 75 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,764
  • Sep 24, 2013 7:10pm Sep 24, 2013 7:10pm
many thanks britpip, it was the screen objects one. random bits from other charts were clogging it up. all clear now for the first time. hopefully this will assist in my trading of this system.
  • #1,765
  • Sep 25, 2013 3:53pm Sep 25, 2013 3:53pm
Quoting Britpip7
{quote} Sometimes it holds on to the text label This may take a few steps, but first step is to set the TDI text settings to false and see if that removes the erroneous text. You can also go into the screen objects and highlight each of the text labels and delete. Then, if you want the text back, go back into the TDI settings and reset to True {image} {image}

Yeh, I have to clear the objects every time. Simple but annoying
  • #1,766
  • Sep 25, 2013 4:07pm Sep 25, 2013 4:07pm
I think we have a short set up on the nzdchf.

Slope good
TDI cross although a bit more than a couple of days
RSI good
break of 21 ma
3/7 cross
good bar size
ATR is 74.91 (do we split hairs?)

negative is 50ma support
Attached Image (click to enlarge)
Click to Enlarge Name: nzdchfdaily.png Size: 131 KB
  • #1,767
  • Sep 25, 2013 4:08pm Sep 25, 2013 4:08pm
oh, plus a fractal break and a good range
  • #1,768
  • Sep 25, 2013 6:03pm Sep 25, 2013 6:03pm
Quoting Buttonjock
I think we have a short set up on the nzdchf. Slope good TDI cross although a bit more than a couple of days RSI good break of 21 ma 3/7 cross good bar size ATR is 74.91 (do we split hairs?) negative is 50ma support {image}
Looks good to me - I am in
Attached Image (click to enlarge)
Click to Enlarge Name: nzd chf tdi 9-25-2013.gif Size: 89 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,769
  • Sep 25, 2013 11:01pm Sep 25, 2013 11:01pm
Quoting Britpip7
{quote} Looks good to me - I am in {image}
Britpip7,

I am in the opposite direction of you.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 104 KB
Keep learning while you are alive!
  • #1,770
  • Sep 25, 2013 11:33pm Sep 25, 2013 11:33pm
Quoting exiao
{quote} Britpip7, I am in the opposite direction of you. {image}
I would expect nothing less on the 15 min - we shall see

PA is sitting at a weekly S/R level, so this may hold everything and bounce.
"To live with Passion, it takes Courage and Grace to survive"
  • #1,771
  • Sep 26, 2013 2:35am Sep 26, 2013 2:35am
Mr Brit, allow me to address noobs like my self again:

After massive backtesting, I can tell you hints:
If you're lost and can't keep up analyzing charts like Mr Brit, and you can't even achieve profits like his, you can stick to some basic rules:
1- Show the market base line [the yellow line] in your TDI and add level [50]. Buy when ever both green and red line are above yellow line and level 50 and the opposite for short positions. [this will protect you from trading against the overall trend, because the yellow line represents the trend]
2- Pay good attention to divergence [regular and hidden] if an uptrend is making higher highs and TDI is making lower highs, you don't need to wait TDI to cross level 50 and market base line, enter the trade as soon as TDI crossover occurs.
3- Money management is the most important thing. If you chose to apply these conservative conditions for trading, you can divide your trades by Targeting more than 2 or 3 TP starting by [0.5XATR] then [1XATR}...etc
4- I don't stick to 2% trades, I always use mini lots in my 1K account.
5- You'll get 2 or 3 conservative trades for each pair / month. If you're trading mini lots.. do the math.
6- Stick to daily charts and avoid keeping open trades during the weekend [because of the gaps].
8- Don't trade any pair on demo or live before doing manual backtesting for it [usually I do the backtesting using LHF simulator for a whole year]

These rules are very conservative with moderate but guaranteed profits till you gain confidence in this trading style, then you can improvise like Mr. Brit.

Mourad
Egypt
  • #1,772
  • Sep 26, 2013 7:35am Sep 26, 2013 7:35am
Quoting Britpip7
{quote} I would expect nothing less on the 15 min - we shall see PA is sitting at a weekly S/R level, so this may hold everything and bounce.
As I mentioned it to you before, M15 is for me to see the shape and position of the PA and not what I'm trading for. I'm still a day trader.
Here is the result of one of my positions from last night.
It is about 30pips profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-26.png Size: 73 KB
Keep learning while you are alive!
  • #1,773
  • Sep 26, 2013 12:31pm Sep 26, 2013 12:31pm
Quoting exiao
{quote} As I mentioned it to you before, M15 is for me to see the shape and position of the PA and not what I'm trading for. I'm still a day trader. Here is the result of one of my positions from last night. It is about 30pips profit. {image}

It is worth noting here that the M15 can be traded within the overall trends / retraces, so this means trading counter to the Day / week, so if we are running with a long on the day, US brokers will not allow a short - no hedging.

For those of us that can trade the M15 and the day, you will need two accounts in the USA so that you can run with the longer term trades and then pick up the pauses / pull backs.

For those of us that do not have that luxury, then it is much simpler - trade the Day / H4 and sleep well
"To live with Passion, it takes Courage and Grace to survive"
  • #1,774
  • Sep 26, 2013 12:57pm Sep 26, 2013 12:57pm
Still watching and waiting on GU - following the past few days we now have a narrower range, so PA is getting squeezed and it is sitting underneath a Weekly S/R level and the Day Supply Zone.

Conventional wisdom would be to set up for a short, however, since when has conventional wisdom and forex ever played well in the sand box?

Wait for the PA to break out.
Attached Image (click to enlarge)
Click to Enlarge Name: GU TDI Day 9-26-2013.gif Size: 75 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,775
  • Sep 26, 2013 4:01pm Sep 26, 2013 4:01pm
Quoting Britpip7
{quote} Looks good to me - I am in {image}

Hi Brit
Was your entry on the 4H chart? Put mine below the daily low nd it hasn't triggered yet :o)
  • #1,776
  • Sep 26, 2013 8:36pm Sep 26, 2013 8:36pm
Quoting Buttonjock
{quote} Hi Brit Was your entry on the 4H chart? Put mine below the daily low nd it hasn't triggered yet :o)
Indeed - I went earlier based on the H4
"To live with Passion, it takes Courage and Grace to survive"
  • #1,777
  • Sep 27, 2013 11:28am Sep 27, 2013 11:28am
Decided to close all open trades today - I did leave everything to run over the weekend last week, but with 500pips at stake I'm happy with the profit and done for the week.

Lots of cases to be made for leaving the main profit trades to run based on the day chart patterns, however, if the trend holds true, there will be more entry positions next week.

EUR/AUD was the pick of the bunch with what was on reflection a bad entry last week that was left to run and then 2 entries this week.

Also including a weekly summary for the trades on the Day / H4 charts. the key to the past two weeks has been patience and waiting for the set ups to confirm before placing the entries.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ea tdi day 9-27-2013.gif Size: 91 KB
Click to Enlarge Name: bp7 trade history 9-27-2013.gif Size: 58 KB
Click to Enlarge Name: bp7 weekly summary 9-27-2013.gif Size: 20 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,778
  • Sep 27, 2013 11:47am Sep 27, 2013 11:47am
GU becoming more interesting by the day.

We now have a second test of the Supply Zone, so now I seriously looking at an H4 entry possibility when PA moves south and away from the Supply Zone.

Waiting for Market Ope to see what the gap does, so I am not placing pending sell stops at this time - obvious risk of a spike, so patience.
Attached Image (click to enlarge)
Click to Enlarge Name: gu tdi day 9-27-2013.gif Size: 83 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,779
  • Sep 27, 2013 6:25pm Sep 27, 2013 6:25pm
Quoting Britpip7
GU becoming more interesting by the day. We now have a second test of the Supply Zone, so now I seriously looking at an H4 entry possibility when PA moves south and away from the Supply Zone. Waiting for Market Ope to see what the gap does, so I am not placing pending sell stops at this time - obvious risk of a spike, so patience. {image}
Following on from the current PA on GU and touching on some comments on the TMS thread, the GU has a large Master Candle at the moment of 270 pips.

Additionally PA is sitting underneath a Day Supply Zone and a Weekly S/R level.

These candles can be traded in a couple of ways - first with regards to the day charts, treat them as an Inside Candle set up and wait for the breakout, second, drop down to the lower timeframes. Once the second day candle does not break the H/L, then it is a reasonable move to drop down and trade the range, and in many cases this will result in hitting the breakout move when it finally appears.

Here's the Day Master Candle and the resulting H1 chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU - Master Candle.gif Size: 12 KB
Click to Enlarge Name: GU Master Candle - H1.gif Size: 56 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,780
  • Sep 28, 2013 1:43am Sep 28, 2013 1:43am
Mr Britpip7,

Can i have your template with the horizontal box as post 1778 please??
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