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Trading Made Simple

  • #25,621
  • Sep 30, 2013 1:32am Sep 30, 2013 1:32am
Quoting njokie
hi traders its another week,taken this trades on simply tdi cross on 4h {image} {image} {image}
you are seeing a stronger AUD?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,622
  • Sep 30, 2013 1:37am Sep 30, 2013 1:37am
Quoting emmanuel7788
{quote} you are seeing a stronger AUD?

i acted on tdi cross if anything happens al be ready to close trades is there anything else you look at besides TDI cross?
thankyou gregwilson
  • #25,623
  • Sep 30, 2013 2:46am Sep 30, 2013 2:46am
Quoting njokie
{quote} i acted on tdi cross if anything happens al be ready to close trades is there anything else you look at besides TDI cross?
Please Njokie read post 20108, or even better, start with number 1. TMS is not only a cross of TDI.
  • #25,624
  • Sep 30, 2013 3:10am Sep 30, 2013 3:10am
ok giving it a shot again..

open long at the cross of the TDI
Attached Image (click to enlarge)
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Come tomorrow, I'll wake up new
  • #25,625
  • Sep 30, 2013 3:42am Sep 30, 2013 3:42am
Quoting Pipsmurfer
{quote} Please Njokie read post 20108, or even better, start with number 1. TMS is not only a cross of TDI.

number 1 you mean page 1? thenx for that i guess am more comfortable with the rules in the first pages am in page 101 so far i iwll keep reading thenx again
thankyou gregwilson
  • #25,626
  • Sep 30, 2013 3:54am Sep 30, 2013 3:54am
Hi Emmanuel

I entered long based on last 2 red candles , do these 2 candles qualify as Swing High and Swing Low as you explain before?
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #25,627
  • Sep 30, 2013 4:25am Sep 30, 2013 4:25am
anybody in this trade?
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thankyou gregwilson
  • #25,628
  • Sep 30, 2013 4:31am Sep 30, 2013 4:31am
I have just entered short on EA.
1. Break of MC on H4 chart
2. H1 chart: RSI below the signal and MBL and below 50
Target S1 but will set stops to BE at 20.

Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 and H1 short.png Size: 37 KB
  • #25,629
  • Sep 30, 2013 5:11am Sep 30, 2013 5:11am
now tell me where i went wrong? cros of the TDI and the trade once again back fired on me
Come tomorrow, I'll wake up new
  • #25,630
  • Sep 30, 2013 5:14am Sep 30, 2013 5:14am
Quoting niktrad
I have just entered short on EA. 1. Break of MC on H4 chart 2. H1 chart: RSI below the signal and MBL and below 50 Target S1 but will set stops to BE at 20. {image}

eur/aud trade doing well
thankyou gregwilson
  • #25,631
  • Sep 30, 2013 5:21am Sep 30, 2013 5:21am
Quoting niktrad
I have just entered short on EA. 1. Break of MC on H4 chart 2. H1 chart: RSI below the signal and MBL and below 50 Target S1 but will set stops to BE at 20. {image}
I can't see a MC on your H4 chart.
  • #25,632
  • Sep 30, 2013 5:34am Sep 30, 2013 5:34am
Quoting gsbharaj
now tell me where i went wrong? cros of the TDI and the trade once again back fired on me

You can't expect any trade to go straight into profit without moving around a little. Where have you put your stop loss?
  • #25,633
  • Sep 30, 2013 6:19am Sep 30, 2013 6:19am
Quoting gsbharaj
ok giving it a shot again.. open long at the cross of the TDI {image}
Look at price structure, look at the shape of TDI, look at the EMA... What is the euro-dollar doing? Is it trending? Or is it ranging...

A lot of what there is to trading, is in the timing. Knowing when to trade and when to sit on your hands. Backtesting can show you a bunch of things, one of which is when market volumes are important enough to be able to pull off a trade. There's a lot more to trading than taking a TDI cross.

Mondays and in particular monday morning sessions are very slow. Also for a number of reasons, EU has been pretty awful lately. It is pretty hard to trade, I personally don't consider myself experienced enough so I stay away from it and take trendline breakout trades on EJ, which on the other hand work quite well.

BUT if you really wanted to take a EU trade today... then maybe hopping on M15 for an early entry+exit would have been helpful You could have pulled off some ~20 pips based on a simple TDI cross and PA, like in the screenshot below.

Hope it helps, good luck.

P.S: One last piece of advice, if you would allow it. Get rid of all the indis that clutter your chart, keep a TDI, maybe pivot levels the EMA and candles.... Keep things simple, the more stuff you have the more reasons you'll find NOT to enter a trade... or in your case you'll find at least one reason to enter a trade. Focus on what really matters.
Attached Image (click to enlarge)
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  • #25,634
  • Sep 30, 2013 6:56am Sep 30, 2013 6:56am
Quoting TheScorpS
Hi Emmanuel I entered long based on last 2 red candles , do these 2 candles qualify as Swing High and Swing Low as you explain before? {image}
No.
That swing high swing low is just the frist set of candles I would look for. It is the following candles which I would be using for the setup.
Like the EURGBP trade i posted last week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,635
  • Sep 30, 2013 7:23am Sep 30, 2013 7:23am
Quoting gsbharaj
now tell me where i went wrong? cros of the TDI and the trade once again back fired on me

You weren't wrong, but you need to be in context: H1 TDI is giving you an indication that something is happening on the M5 (it's happening on ALL charts but the M5 will show you what I'm talking about), H4 TDI correlates to M15 chart and often it's late.
How far the trade may run - look to S/R on one TF higher.
Market context, EU is moving in a range and it's Monday. Price just hit the H4 resistance line, surprise surprise. Before considering a longer hold long, look at the swings on the M15 chart, it's got to break through that line and will probabily then pullback to it, enter on M15, where might it go? It's breaking an H4, look to a daily line for a target.
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  • #25,636
  • Sep 30, 2013 7:29am Sep 30, 2013 7:29am
Quoting emmanuel7788
{quote} No. That swing high swing low is just the frist set of candles I would look for. It is the following candles which I would be using for the setup. Like the EURGBP trade i posted last week.
Thanks Sir

I need to find them more in back testing and practice next pa and how to relate that to the candle formation
I Have Learned to Take Some Losses to Make Profits
  • #25,637
  • Sep 30, 2013 11:16am Sep 30, 2013 11:16am
hello guys i have some litlle problem , im confuse today i loss in Gu , tell me if it good enter , http://clip2net.com/s/5R92Fm
  • #25,638
  • Sep 30, 2013 12:35pm Sep 30, 2013 12:35pm
do you guys trade right when the TDI crosses each other even without that specific bar closing, or do you trade only when the bar has closed and a new bar opens?
  • #25,639
  • Sep 30, 2013 2:30pm Sep 30, 2013 2:30pm
Quoting davson90
hello guys i have some litlle problem , im confuse today i loss in Gu , tell me if it good enter , http://clip2net.com/s/5R92Fm

For a short it was crazy late and straight into something:
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  • #25,640
  • Sep 30, 2013 6:04pm Sep 30, 2013 6:04pm
Quoting dezzy
do you guys trade right when the TDI crosses each other even without that specific bar closing, or do you trade only when the bar has closed and a new bar opens?
A TDI Green PL cross Red TSL is only confirmed after that price bar/candle closed and that depends on the overall Price Action of the price bars/candles before that.
Look at the size of the price bars/candles.

My advice is to trade the Price Action and let the TDI confirms the Price Action.

For study purposes, take a screen shot of your chart few seconds before the price bar/candle closes and take another screen shot second after that price bar/candle closed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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