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  • #26,801
  • Oct 23, 2013 7:07am Oct 23, 2013 7:07am
also long gu pull back of the blue candle above the
tdi green cross red up
comment welcome
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 163 KB
  • #26,802
  • Oct 23, 2013 7:12am Oct 23, 2013 7:12am
Would be interested in your opinion for this (a little more riskier) setup:
- TDI cross green above red
- but TDI green&red below MBL
- TDI cross in oversold area and priceline crosses 32-level
- green doji-HA-candle (although, could have been a red one too)

Would you take such a counter trend move based on this TMS-like indication on H1?
To be more conservative we could wait for another downmove - but it could be that there is none and we miss the chance.

Current chart from FXCM 14:00 GMT+2 EUR/JPY

Nearly similar situation on GBP/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-23 EURJPY 14.00 GMT+2.png Size: 136 KB
fxFox (all times in my charts are GMT+1)
  • #26,803
  • Oct 23, 2013 7:13am Oct 23, 2013 7:13am
On my charts these candles are much smaller, so in my case I stay out of it... and since we're in the same market I couldn't say otherwise to you just because your candles are different

Btw I went long on E/J, Chf/J and G/J
  • #26,804
  • Edited 7:48am Oct 23, 2013 7:15am | Edited 7:48am
Similar setup in GBP/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-23 GBPJPY 14.00 GMT+2.jpg Size: 112 KB
fxFox (all times in my charts are GMT+1)
  • #26,805
  • Oct 23, 2013 7:23am Oct 23, 2013 7:23am
gulayetty, phx62 has said many times that if price falls over 60-70 pips in one direction then it will likely keep going or will consolidate before reversing! So be careful going long.

Markets moves in wave and this is the first blue candle retracement of that move down!

TDI your MBL is above both other lines, Green and Red.

Just my thoughts all the best
Give yourself a chance and trade it like it's layed out...
  • #26,806
  • Oct 23, 2013 7:23am Oct 23, 2013 7:23am
In my earlier post I was referring to gulayetty's charts. I'll quote next time
  • #26,807
  • Oct 23, 2013 7:47am Oct 23, 2013 7:47am
Lets see what is gonna happenes on GBP/USD looking left, would there be an ABCD pattern , wait and see
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.jpg Size: 408 KB
I Have Learned to Take Some Losses to Make Profits
  • #26,808
  • Oct 23, 2013 7:55am Oct 23, 2013 7:55am
Quoting Bizzzle
gulayetty, phx62 has said many times that if price falls over 60-70 pips in one direction then it will likely keep going or will consolidate before reversing! So be careful going long. Markets moves in wave and this is the first blue candle retracement of that move down! TDI your MBL is above both other lines, Green and Red. Just my thoughts all the best

thanks bizzle noted appreciate stilll leaning and i hope to learn from pros like you
  • #26,809
  • Oct 23, 2013 8:03am Oct 23, 2013 8:03am
Quoting Bizzzle
Just to share some of my thoughts, I look at the first three hours of London for a hi or low of the day. Green is over red and yellow so I am looking for short trades, so I am looking for high of the day! LO I saw the pair pop up to make a high possibly London fakey candle. I went short a bit aggressive but stops are tight at 14 pips! I try trade small risk, big reward. {image}
EJ 1hr trade from this morning closed for 47 pips

Once my trade was at breakeven, I jump down to 15mins and I waited for PA to reverse, a higher low form I closed my 1hr position.

Still holding my 4h trade stops at Breakeven and nearly out!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 1HR CLOSED.png Size: 17 KB
Give yourself a chance and trade it like it's layed out...
  • #26,810
  • Oct 23, 2013 8:30am Oct 23, 2013 8:30am
Quoting Bizzzle
{quote} EJ 1hr trade from this morning closed for 47 pips Once my trade was at breakeven, I jump down to 15mins and I waited for PA to reverse, a higher low form I closed my 1hr position. Still holding my 4h trade stops at Breakeven and nearly out! {image}

Nice trade Bizzle.... I'm thinking EJ has a little way to go yet.
.... laughing all the way to the bank
  • #26,811
  • Oct 23, 2013 8:36am Oct 23, 2013 8:36am
EurUsd Long

4 Hr is above MBL, and price and TDI both making HH/HL (4 Hr chart not shown)
On 1 Hr price and TDI show bullish hidden divergence. Refer chart attached
Current pullback just on 38%, indicating strength considering whats happened in the rest of the market.
On 1 Hr RSI 14 period setting price reversed at 40 which as per John Hayden's book is indicative of uptrend continuing.
Targeting 50% at 1:1 and other 50% at 1:2 Risk/Reward.
I am aware that 4 Hr TDI is over bought which may be a problem.
Comments welcome

PS: Thanks for vouch SnarlyJack!! Most unexpected.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 41 KB
  • #26,812
  • Oct 23, 2013 9:07am Oct 23, 2013 9:07am
My very very green week so far!

I think I need to be more flexable with my trailing stops. But to be fair I have only been at the TDI system for a month.

I live in UK so trade alot in the Euro Markets but I found if you wait for some high impact news you can still cash in on the New York and Asian Markets.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURCHF.png Size: 88 KB
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Click to Enlarge Name: EURUSD.png Size: 121 KB
Click to Enlarge Name: GBPCHF.png Size: 84 KB
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  • #26,813
  • Oct 23, 2013 9:09am Oct 23, 2013 9:09am
hi Gulayetty
maybe we need both a US session sign of momentum, and the cross of the middle tdi line ( MBL) to confirm an up trend.
unless your just hoping to scalp?


GL.
If ask a silly question.. forgive me!i'm just confused again!
  • #26,814
  • Oct 23, 2013 9:22am Oct 23, 2013 9:22am
I ignore the MBL I just go with what the guppy moving adverages say.
  • #26,815
  • Oct 23, 2013 9:36am Oct 23, 2013 9:36am
EJ 4hr out at Breakeven. still holding GJ, AJ and AU shorts on the 4hr!

Imi thanks for the vouch mate I really appreciate it!!
Give yourself a chance and trade it like it's layed out...
  • #26,816
  • Oct 23, 2013 9:37am Oct 23, 2013 9:37am
Quoting adamjhdavis
{quote} Hi Gulayetty, Not a pair I trade but this is my view.... Could be good for a few pips but if it was me I'd get to BE asap and not be to greedy, buts that's me. {image}
I guess it was heading to 1.43000
  • #26,817
  • Oct 23, 2013 9:44am Oct 23, 2013 9:44am
Quoting TheScorpS
Lets see what is gonna happenes on GBP/USD looking left, would there be an ABCD pattern , wait and see {image}



I was just about to post my chart but don't need to bother now
  • #26,818
  • Oct 23, 2013 9:47am Oct 23, 2013 9:47am
Quoting fxFox.mb
Would be interested in your opinion for this (a little more riskier) setup: - TDI cross green above red - but TDI green&red below MBL - TDI cross in oversold area and priceline crosses 32-level - green doji-HA-candle (although, could have been a red one too) Would you take such a counter trend move based on this TMS-like indication on H1? To be more conservative we could wait for another downmove - but it could be that there is none and we miss the chance. Current chart from FXCM 14:00 GMT+2 EUR/JPY Nearly similar situation on GBP/JPY {image}
Depends on your own rules but if it was me then good cross of tdi near the 32 nice blue candle closing higher than the open so worth ago...

However it it counter trend and could just be the b to c leg so I would keep stops tight, get to be at 13 pips and only take 20 -30 pips.

Thats just me though.
  • #26,819
  • Oct 23, 2013 9:48am Oct 23, 2013 9:48am
Quoting adamjhdavis
{quote} I guess it was heading to 1.43000

adamjhdavis you are right i did as you said i moved to be and i was able to protect my pips the red candle was just a retracement of the long move
learning learning learning got something there
thanks
  • #26,820
  • Oct 23, 2013 9:58am Oct 23, 2013 9:58am
AU trade latest.

Looking at 15M struggling to crack this support.

Attached Image (click to enlarge)
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