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Trading Made Simple

  • #26,201
  • Oct 11, 2013 8:54am Oct 11, 2013 8:54am
Dear friends,

I have been trading this system from last month but i can not profit continually.most of the time i was lost.because some timein H1 time frame TDI green cross red well & after the next candle open TDI Green rivers back.

As a help please any senior trader can explain me what is the real method of trading this system.
Helanka
  • #26,202
  • Oct 11, 2013 8:58am Oct 11, 2013 8:58am
Sorry about the errors in my questioning, I should have edited the reply before submitting it.
roberte
roberte
  • #26,203
  • Oct 11, 2013 9:04am Oct 11, 2013 9:04am
Quoting Phx62
Done for the week......here are my trades on EJ H1 for the week.....explanations on the chart. Have a good weekend.....{image}
very good master phx62
  • #26,204
  • Oct 11, 2013 9:27am Oct 11, 2013 9:27am
Quoting vtayha
{quote} Exit Management Are you trading with single entry and single exit? Do you know the difference between reducing risk exit management and profit protections hanks exit management? Do you the know how to use jumping stops instead of trailing stop?
Hi vtayha,

all these exit managements has to be used differently at different times.. Would you be able to share abut more? I am interested to learn more about it.

Thanks for helping in advance
  • #26,205
  • Edited 10:11am Oct 11, 2013 9:54am | Edited 10:11am
Quoting Helanka
Dear friends, I have been trading this system from last month but i can not profit continually.most of the time i was lost.because some timein H1 time frame TDI green cross red well & after the next candle open TDI Green rivers back. As a help please any senior trader can explain me what is the real method of trading this system.
Helanka, it takes time and a lot of practice, it's not just about TDI crossing, but combination of PA , with all basic
forex stuff, confirmed with TDI.
I suggest if you want to learn, to spend months reading the thread, looking other traders charts and setups to learn.
It doesn't come easy, but can be achived if you're willing to do the work. If you want to trade on H1 then study PHx62's pdf files.
Also you can post your loosing trades , so other traders can give you help, and guidence .
Good luck
If you're going through hell, keep going. Winston Churchill
  • #26,206
  • Oct 11, 2013 10:06am Oct 11, 2013 10:06am
Currently testing my TDI Screener which is helping me a lot...Hope to release it here next week if there is enough interest.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 11 KB


Have a good weekend,
Rob
  • #26,207
  • Oct 11, 2013 10:15am Oct 11, 2013 10:15am
Quoting adamjhdavis
{quote} Hi PHX62, Awsome as usual. If you weren't done for the week would you consider entering EJ short at the minute if the current double top plays out at the end of the hour? I know its Friday. Regards Adam p.s. also how do you manage your time in front of charts as you seem to enter trades around the clock, do you just get a sixth sense or do you check hourly religiously?
Adam,
Due to the strong move up for the last 3 days and because it is Friday, I would expect price to consolidate for the rest of the day. For those reasons I would not enter anymore trades today.
I do have my charts on most of the time.....because I own my business, I can do some chart watching at work and I leave the charts on at home, whenever I am there. No....I don't watch them every hour. My focus is normally the London session which is middle of the night for me but I check the charts every hour until I get into a trade, then go back to bed. I also trade movements during the Asian which is late afternoon and evening for me. I seldom trade the NY session. For the past 3 days, my trading has focused on the ABCD patterns only....on Wed I did take a trade just before LO, monitored it for an hour or so and let the EA finish the trade while I went back to bed. Earlier in the week I took some smaller trades that I closed manually or set TP at previous resistance.
Please understand, I am older and my family is grown and gone and I don't sleep all that much. It is just my wife and I left at home. I don't have family responsibilities like when I was younger with children at home, which gives me more time to spend doing other things, like trading.
  • #26,208
  • Oct 11, 2013 10:25am Oct 11, 2013 10:25am
Quoting WDays
{quote} Hey Phx, it's nice for me to see I actually took 2 of the same trades you did this week... Even though my exits were quite different. I'm talking about this http://www.forexfactory.com/showthre...50#post7014350 I then mistook yesterday's london fakeout candle for a short setup because it looked like the setup on the previous day. How did you know it was a fakeout? Only thing I saw on my chart was price had gone back above a trendline I had drawn...
It is good to see you having some success with your trades.
In answer to your question........
1. Because price moved up over 75 pips during the Asian session (as I have explained before, I have found that when price moves 60 or more pips on Euro pairs, it usually consolidates before reversing, unless there is a news event that moves the market).
2. Many times the first candle of London can be a fake-out candle.
3. Based on that, I expected consolidation or a small retracement at LO. As it turned out, the retracement was small and turned into the BC leg of an ABCD pattern.
  • #26,209
  • Oct 11, 2013 10:26am Oct 11, 2013 10:26am
Quoting Bordy
{quote} Hi Phx62, nice trades as asways. Can you please explain your opinion about a possibl entry short on thursday at LO? I see a rejection of a resistance level, and a red candle already completed. Thanks.
Brody,
Please see my reply to WDays above.
Thanks.
  • #26,210
  • Oct 11, 2013 10:33am Oct 11, 2013 10:33am
Quoting Phx62
{quote} It is good to see you having some success with your trades. In answer to your question........ 1. Because price moved up over 75 pips during the Asian session (as I have explained before, I have found that when price moves 60 or more pips on Euro pairs, it usually consolidates before reversing, unless there is a news event that moves the market). 2. Many times the first candle of London can be a fake-out candle. 3. Based on that, I expected consolidation or a small retracement at LO. As it turned out, the retracement was small and turned...
Thank you for your input, it was the similarity to the previous day's LO trade I had taken that put me off. The difference then was that the FO candle had already broken below the previous candles' lows, while the oct 10 trade was the LO candle breaking lower, thus setting the session's low? Am I right?
Attached Image (click to enlarge)
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  • #26,211
  • Oct 11, 2013 10:44am Oct 11, 2013 10:44am
Quoting WDays
{quote} Thank you for your input, it was the similarity to the previous day's LO trade I had taken that put me off. The difference then was that the FO candle had already broken below the previous candles' lows, while the oct 10 trade was the LO candle breaking lower, thus setting the session's low? Am I right? {image}
I understand what you are saying....the moves looked similar. One thing you need to see is the wicks on the candles. Please notice that on the previous days move, price created a reversal candle pattern with the 3 blue candles....that is a consolidation pattern and all 3 candles had very long upper wicks. Compare that pattern to the candles on the next day.....the wicks are very short and there was no inside bar. These are the subtle things that give clues to what may be happening.
  • #26,212
  • Oct 11, 2013 10:52am Oct 11, 2013 10:52am
GU today thanks phx62
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  • #26,213
  • Oct 11, 2013 10:55am Oct 11, 2013 10:55am
Quoting Phx62
Done for the week......here are my trades on EJ H1 for the week.....explanations on the chart. Have a good weekend.....{image}
hi phx62 can you send me this indicator
Attached Image (click to enlarge)
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  • #26,214
  • Oct 11, 2013 11:17am Oct 11, 2013 11:17am
Hi Guys, greetings from the UK. My first post. An old trader but new to FF and TDI. Not to bore you, but the strange thing is, quite a while ago, without knowing anything about TDI, like all of us, after many trials and errors and false dawns I'd pretty much settled on a system I'd put together that turned out to be very much like TDI. First I came across HA candles which I liked for their smoothing trend qualities. Plus I'd always had on my charts an SMR Trading indicator (actually SMR ind is proprietary and the settings secret, but Linda Raschke tells how to create virtually the same thing using MACD & settings 3, 10,16) this gives virtually the same signals as TDI). Then in addition to my spread betting company's platform I started using MT4, came to FF, found big E's 'trading made simple' and felt like the guy who reinvented the wheel. Could have saved myself a lot of time and effort by coming to FF sooner. Having said that I prefer the TDI and having read quite a lot of posts from the beginning of the thread I have learnt a lot from big E and many other talented and generous traders. Apparently you can teach old dogs new tricks.

Main reason for posting. Yes tacoman, I for one would be very interested in your screener, looks very good. Good trading guys and hope to make some useful and more relevant posts in the future.
  • #26,215
  • Oct 11, 2013 11:26am Oct 11, 2013 11:26am
Quoting Phx62
{quote} I understand what you are saying....the moves looked similar. One thing you need to see is the wicks on the candles. Please notice that on the previous days move, price created a reversal candle pattern with the 3 blue candles....that is a consolidation pattern and all 3 candles had very long upper wicks. Compare that pattern to the candles on the next day.....the wicks are very short and there was no inside bar. These are the subtle things that give clues to what may be happening.
Oh, that was one of the reasons I took the entry the first time, but the second time I just jumped impulsively, without considering the lack of consolidation. Thank you! You opened my eyes Green pips to you
  • #26,216
  • Edited 12:28pm Oct 11, 2013 12:04pm | Edited 12:28pm
My USD/CHF went well and got 19 pips out of it.

But my USD/NZD and EU/USD went bad and lost about 15 and 19 pips on them what went wrong?

Now I think on the EU/USD one I didnt set the SL high enough.

No I have seen the next USD/NZD candel I think I set the SL to low on that too. I missed some good pips.....
Attached Image(s) (click to enlarge)
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  • #26,217
  • Oct 11, 2013 12:37pm Oct 11, 2013 12:37pm
Tanglewood,

Welcome to trading made simple. We love people from the U.K. what
a beautiful country.

"You can teach old dogs new tricks" The reason tms is still here after
all this time is...it works! Their is alot to be said for a successful system.
Everyone trades the system just a bit differently but the basic system works
and their are some excellent traders here who are willing to answer your questions.

So...enjoy your stay and welcome to tms.

snarlyjack
  • #26,218
  • Oct 11, 2013 1:21pm Oct 11, 2013 1:21pm
Many thanks for the warm welcome snarlyjack.
  • #26,219
  • Oct 11, 2013 1:22pm Oct 11, 2013 1:22pm
Quoting Phx62
Done for the week......here are my trades on EJ H1 for the week.....explanations on the chart. Have a good weekend.....{image}
hi Phx62
that awesome job...im kind da blur..im newbie willing to learn..what method are u using sir?sorry for my bad English.keep up the good work sir
  • #26,220
  • Oct 11, 2013 1:49pm Oct 11, 2013 1:49pm
Roberte,

Welcome to tms.

Ok...at the top of this page you will see a paperclip. The paperclip is where all
the different indicators are located.

1). Download a indicator into your computer.
2). Once the indicator is downloaded put it in your:
a). in my case interbank fx system
b). click on experts
c). clink on indicators
d). put the indicator into your indicator folder
3). Once the indicator is in your indicator folder shut the program down (it needs to regenerate)
4). Reopen your platform and go to the main chart's
5). Open your indicator list
6). double click on your indicator
7). Your new indicator will appear on your chart
8). Your now ready to rock and roll with the new indicator on your chart
9). Demo trade, backtest, forward test and demo trade somemore.
10). Enjoy your stay at tms and many green pips to you!

Welcome...

snarlyjack
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