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Trading Made Simple

  • #29,061
  • Jan 13, 2014 7:14am Jan 13, 2014 7:14am
Quoting alfis
{quote} I understand, I've used strategy tester to generate both TDIs and it's very very obvious the 'non RT' one gives mostly the wrong signals or late entries which has already retracing/reversed. Could I clarify since TDI crosses are only made after price has already moved a number of pips in your direction already, what exactly is the TDI used for? (Wouldn't using it for confirmation, be too late?)
phx62 uses the non RT one, and I've not noticed his trades being late.
  • #29,062
  • Jan 13, 2014 7:18am Jan 13, 2014 7:18am
Quoting WDays
{quote} The MTF indicators developped by Xaphod require a basic TDI version that is different from what is mostly used here (i.e the TDI red green and the one from compassfx). Try downloading and placing Xaphod's version into your indi folder and it should fix your problem.

WDays,

Yes, grabbed them from his site. Works now I kinda thought it called another indi. Xaphod is amazing with his programming and indicators.

Thanks and Regards,
Cigarguy
Keep It Simple
  • #29,063
  • Jan 13, 2014 7:27am Jan 13, 2014 7:27am
Quoting lastingwell
{quote} I still look at mainly EJ as its been moving well lately, along with GU, AU, GJ and EurNZD, but I much prefer if there is a good setup on EJ I will take that. I didn't take EJ this morning because it had already moved well overnight and it had reached its ATR, the next best was GU and as it had been very quiet last week I thought it should be about time it moved. I'm presently in a buy on EJ, mainly because of a slight bullish divergence on H1, h4 has twice failed to close below the low made by Asia on my chart and m5 in agreement. I quickly...

Just took 10 in the end when NY open didn't go above the high made by the LO candle and started to retrace, so +110 today, I think thats me done for the day.
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  • #29,064
  • Jan 13, 2014 7:34am Jan 13, 2014 7:34am
Quoting alfis
{quote} I understand, I've used strategy tester to generate both TDIs and it's very very obvious the 'non RT' one gives mostly the wrong signals or late entries which has already retracing/reversed. Could I clarify since TDI crosses are only made after price has already moved a number of pips in your direction already, what exactly is the TDI used for? (Wouldn't using it for confirmation, be too late?)
the TDI only show the increase or decrease in the price relative strength index (RSI).
there is no direct relation to price like moving average.
the TSL Red and MBL yellow are moving average of the RSI not the price.

read up here RSI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,065
  • Jan 13, 2014 7:44am Jan 13, 2014 7:44am
Just want to thank the members for all their insight on this trading strategy...My first trade is up 65% using this method!!!!!!

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  • #29,066
  • Jan 13, 2014 7:47am Jan 13, 2014 7:47am
Quoting emmanuel7788
{quote} the TDI only show the increase or decrease in the price relative strength index (RSI). there is no direct relation to price like moving average. the TSL Red and MBL yellow are moving average of the RSI not the price. read up here RSI.
Thanks for the heads-up.

What I originally meant was, (for simplicity sake) if the price goes up 20 pips, the TDI green moves up. It couldn't possibly move down. So when the TDI green has crossed down over the red, the price has probably moved down 20 pips, which isn't it considered a late entry? (Still understanding the fact that TDI green doesn't move like a MA).

Or if I'm misunderstanding something here, could someone clarify please, thanks.
  • #29,067
  • Jan 13, 2014 7:53am Jan 13, 2014 7:53am
WOW! What other thread has 84 traders viewing at one time, amazing!
  • #29,068
  • Jan 13, 2014 8:21am Jan 13, 2014 8:21am
My trades from earlier, H1 and m5 charts of each.
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  • #29,069
  • Jan 13, 2014 8:52am Jan 13, 2014 8:52am
Quoting Landline
{quote} Hi Emmanuel, For my money the EJ looks to be in a period of consolidation at present. I wouldn't personally be interested in a trade until I saw some sort of breakout from either the 144 or 140.5 levels to give me a clue in what direction the price is likely to go. Some patience will hopefully pay off once the breakout has been identified and an appropriate signal is generated as a result...I guess we'll have to wait and see for now....your take on how you see it though would be much appreciated cheers - LL
Hi all,

The breakout at 140.5 i previously mentioned has now developed along with a TDI signal on the hourly chart along with satisfactory stochastic level as originally anticipated. so thats good enough now for me to enter short at improved price 140.866 .... the patience has paid off to enter the trade with more confidence of the direction now that a clear break from the consolidation has occurred. We will see in a day or so how it progresses and whether an opportunity will present itself to a)protect any profit and b)add further positions if it shows promise to run. I'll let you know..cheers LL
  • #29,070
  • Jan 13, 2014 9:16am Jan 13, 2014 9:16am
Quoting Helanka
{quote} Dear Hoperich, Pls see attached image(this is a screen shot which i download from this thread).first of all Clearly get an idea about the MC candle and MC breakout trade. If there is chance to enter the market according to the MC breakout then see that trade is Valid or not according to the TDI basic rules,then enter a trade. According to to my knowledge There is no MC breakout confirmation or TDI confirmation. because TDI cross 3 candle before your entry candle Senior members will reply clearly better than me.... Helanka. {image}
Thanks Helanka and Lastingwell. Its really helpful.
  • #29,071
  • Jan 13, 2014 9:20am Jan 13, 2014 9:20am
Quoting lastingwell
My trades from earlier, H1 and m5 charts of each. {image} {image} {image} {image}

Hi lastingwell;

Thank you for posting your trade, can you please share with us the reasons for selling GU today ?
Thanks
  • #29,072
  • Jan 13, 2014 9:23am Jan 13, 2014 9:23am
Quoting Landline
{quote} Hi all, The breakout at 140.5 i previously mentioned has now developed along with a TDI signal on the hourly chart along with satisfactory stochastic level as originally anticipated. so thats good enough now for me to enter short at improved price 140.866 .... the patience has paid off to enter the trade with more confidence of the direction now that a clear break from the consolidation has occurred. We will see in a day or so how it progresses and whether an opportunity will present itself to a)protect any profit and b)add further positions...

I find this post a bit confusing, so perhaps you could clarify for me. I don't see a breakout of 140.5, I see price got there and bounced but not breakout, I also can't see a signal yet on H1.
  • #29,073
  • Jan 13, 2014 9:34am Jan 13, 2014 9:34am
Quoting geomoon
{quote} Hi lastingwell; Thank you for posting your trade, can you please share with us the reasons for selling GU today ? Thanks

Hello Geomoon, main reasons were H4 synergy bar already turned red, tdi turning down almost crossed, lower high on H1 with a nice cross of the TDI, m5 closed below the tiny support on m5.
  • #29,074
  • Jan 13, 2014 9:46am Jan 13, 2014 9:46am
Quoting lastingwell
{quote} Hello Geomoon, main reasons were H4 synergy bar already turned red, tdi turning down almost crossed, lower high on H1 with a nice cross of the TDI, m5 closed below the tiny support on m5.
Thanks
  • #29,075
  • Jan 13, 2014 10:14am Jan 13, 2014 10:14am
Quoting Themartycat
{quote} Hello Phx62 (and no quit), I was just wondering what gave you the confidence to take this EUR/JPY trade at this point, as you were perilously near to a round number and trading into the previous day's low. Do you consider these before going into a trade, or do both the HA candles and TDI positions give you the confidence to enter anyway? Just asking, as I prefer to wait for a break of these before entering. Too conservative, perhaps?
Round numbers have much more visible effect on price in the M5 & M15 time frames. On the H1, they are just another S/R area to be aware of but, in my opinion, not a reason to stay out of a trade. As far as the previous days low, price was breaking below that line on my entry. In my opinion, daily highs and lows are lesser S/R areas. There must be other confirmation, like candle patterns or slow market movement to show that price will hesitate or reverse at the daily low. As I have stated before, I focus on reasons to TAKE A TRADE, instead of reasons to STAY OUT OF A TRADE. If I concentrate on why I should stay out of a trade, I can always find a reason to do that and maybe would never enter a trade. I prefer to find reasons to enter a trade and if there are enough reasons to enter, I do. Even when I am wrong on an entry, I can close it out for a small loss and look for another trade.
  • #29,076
  • Jan 13, 2014 10:22am Jan 13, 2014 10:22am
Just to clarify, yes my TDI signal i agree was not properly crossed at that point, maybe i am a little premature on that as such but the combination of signals, including the TDI were close enough for me to be sufficiently satisfied and confident to enter. Price broke the 140.5 level that I was interested in and thats when I chose to enter, the price simply moved as I was executing the order, favourably as it happens.

Perfections in condtions rarely exist and I believe, rightly or wrongly that the majority must justify a trade that they are interested in firstly to themselves , particularly when all their prerequisite condtions are not perfectly met, or the safe alternative is not trade, but I'd think we would do very little trading if we waited for ideal set ups all the time. However, I' m here to learn whilst I trade, mistakes and all, so I'll always welcome constructive guidance from the kind souls such as yourself that help all of us out....its greatly appreciated
  • #29,077
  • Jan 13, 2014 10:24am Jan 13, 2014 10:24am
Quoting lastingwell
My trades from earlier, H1 and m5 charts of each. {image} {image} {image} {image}
Nice trades lastingwell
.... laughing all the way to the bank
  • #29,078
  • Jan 13, 2014 10:38am Jan 13, 2014 10:38am
Quoting CompassDude
{quote} I think your right....I guess its best to work with the timezones that the BigE suggests for the 4hr charts
It looks like I was wrong regarding that eunzd H4 setup, but I am not a H4 expert... at that time I didn't see
any further confirmation for a sell, however a few hours later I did find the setup on H1 with a nice recross below
yellow mbl line and 50 level, and PA breaking below previous candle. hit tp +50
regards
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If you're going through hell, keep going. Winston Churchill
  • #29,079
  • Jan 13, 2014 1:10pm Jan 13, 2014 1:10pm
Quoting Imi
{quote} It looks like I was wrong regarding that eunzd H4 setup, but I am not a H4 expert... at that time I didn't see any further confirmation for a sell, however a few hours later I did find the setup on H1 with a nice recross below yellow mbl line and 50 level, and PA breaking below previous candle. hit tp +50 regards {image}


Can't win them all...but it sure would of been a sweet trade if I had taken it....I did well on the GBP/USD setup I took using this strategy...either beginners luck or we have a goldmine on our shoulders.
  • #29,080
  • Jan 13, 2014 2:12pm Jan 13, 2014 2:12pm
Quoting lastingwell
My trades from earlier, H1 and m5 charts of each. {image} {image} {image} {image}
Congrats
Give yourself a chance and trade it like it's layed out...
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