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Trading Made Simple for Day Charts

  • #1,881
  • Jan 17, 2014 9:24am Jan 17, 2014 9:24am
i asked a question already answered, sorry
  • #1,882
  • Jan 22, 2014 7:24pm Jan 22, 2014 7:24pm
Quoting kingclarence
{image} I closed this trade out after a few days for 80 pips {image} Here is another view of the same trade.Notice the old resistance level.The price has been hovering around at the point it is now not really moving all day.Coincidence? I dont think so.
Soooo looking at this trade days later i see that if i could have stayed in i could have gotten 400 pips lol wow
  • #1,883
  • Feb 4, 2014 1:45pm Feb 4, 2014 1:45pm
Potential trade on the usdcad. RSI still a little high and no 2-7 cross yet, however support has been broken. There is a long term pivot point to watch around 1.09.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcaddaily.png Size: 101 KB
  • #1,884
  • Feb 4, 2014 1:57pm Feb 4, 2014 1:57pm
Now, is the audusd crying wolf ??? It often has a positive correlation with the audcad, yet the latter is somewhat unappealing, possibly having a double top
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 110 KB
  • #1,885
  • Feb 4, 2014 2:01pm Feb 4, 2014 2:01pm
Quoting kingclarence
{quote} Soooo looking at this trade days later i see that if i could have stayed in i could have gotten 400 pips lol wow
Mate, I don't think it was a bad decision, just one of those things :o)
  • #1,886
  • Feb 5, 2014 8:22am Feb 5, 2014 8:22am
Quoting Buttonjock
Potential trade on the usdcad. RSI still a little high and no 2-7 cross yet, however support has been broken. There is a long term pivot point to watch around 1.09. {image}
I passed on this trade.Didnt like the looks of it.

Im currently +220 pips on GBP/USD trade i entered on 1-27-14
  • #1,887
  • Feb 6, 2014 1:53pm Feb 6, 2014 1:53pm
I have been readying about TDI for a while but this is the first place I have seen that trades day charts so I will post a trade of gbpusd I took.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 32 KB
  • #1,888
  • Feb 6, 2014 1:56pm Feb 6, 2014 1:56pm
Here are two I am in now.
Glad to see others trading on daily time frame.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 30 KB
Click to Enlarge Name: gbpnzddaily2-6-14.png Size: 38 KB
  • #1,889
  • Feb 6, 2014 3:36pm Feb 6, 2014 3:36pm
<p>
Quoting notreally
Here are two I am in now. Glad to see others trading on daily time frame. {image} {image}
</p>
<p></p>
Hi Notreally, would be kind enough to post OSMA indicator and how you use it in line with TDI and Price Action. Thanks
  • #1,890
  • Feb 6, 2014 4:43pm Feb 6, 2014 4:43pm
Quoting ayour2a
<p>{quote}</p> <p></p> Hi Notreally, would be kind enough to post OSMA indicator and how you use it in line with TDI and Price Action. Thanks
It is under indicators in MT4, if that is what platform you use. Moving Average of Oscillator and I use the defaults, 12, 26, 9.
It helps me verify the trend. Bars > 0 trend is up, < 0 trend is down. I just started using it so I am not sure how much faith to have in it right now.
  • #1,891
  • Feb 7, 2014 11:28am Feb 7, 2014 11:28am
Quoting kingclarence
{quote} I passed on this trade.Didnt like the looks of it. Im currently +220 pips on GBP/USD trade i entered on 1-27-14
So i finally got stopped out of my Gbp/Usd trade after 10 days and almost getting stopped after like 2.i might re enter it as its looking like its gonna go the other way.Ill wait until the candle to see but it looks positive already.Yesterday i entered a Eur/Jpy trade long as i like the looks of it.

One thing i have noticed is when you have a TDI cross and a color change candle.Its usually a good sign for a trade when the first candle of the reversal breaks above or below the two previous candles.
  • #1,892
  • Feb 7, 2014 7:43pm Feb 7, 2014 7:43pm
Quoting kingclarence
{quote} So i finally got stopped out of my Gbp/Usd trade after 10 days and almost getting stopped after like 2.i might re enter it as its looking like its gonna go the other way.Ill wait until the candle to see but it looks positive already.Yesterday i entered a Eur/Jpy trade long as i like the looks of it. One thing i have noticed is when you have a TDI cross and a color change candle.Its usually a good sign for a trade when the first candle of the reversal breaks above or below the two previous candles.
If you have the TDI cross and a APB colour change and an Engulfing Candle = good entry position

The attached chart for EJ is a great example of this
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily tdi 2-7-2014.png Size: 75 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,893
  • Feb 7, 2014 9:42pm Feb 7, 2014 9:42pm
Quoting Britpip7
{quote} If you have the TDI cross and a APB colour change and an Engulfing Candle = good entry position The attached chart for EJ is a great example of this {image}
Yeah thats the trade i entered britpip.Is that what thats called an engulfing candle?
  • #1,894
  • Feb 7, 2014 11:20pm Feb 7, 2014 11:20pm
Quoting kingclarence
{quote} Yeah thats the trade i entered britpip.Is that what thats called an engulfing candle?

Learn some reversal candlestick patterns and add to your D chart trading arsenal.

https://sites.google.com/site/acegaz...andle-patterns

with both the TDI and MACD confirming these reversal patterns, you will find the high probability setups on D charts.

Trade Well.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,895
  • Feb 8, 2014 1:32pm Feb 8, 2014 1:32pm
Quoting emmanuel7788
{quote} Learn some reversal candlestick patterns and add to your D chart trading arsenal. https://sites.google.com/site/acegaz...andle-patterns with both the TDI and MACD confirming these reversal patterns, you will find the high probability setups on D charts. Trade Well. EMMANUEL
Here's some additional images for engulfing candle patterns - in some cases it may take 2 or 3 candles to complete the engulfing move and then you are heading into the 3 Inside and 3 Soldier patterns - worth understanding


http://media.dailyfx.com/illustratio..._Picture_2.png
http://media.dailyfx.com/illustratio..._Picture_1.png
"To live with Passion, it takes Courage and Grace to survive"
  • #1,896
  • Feb 8, 2014 6:00pm Feb 8, 2014 6:00pm
Quoting Britpip7
{quote} Here's some additional images for engulfing candle patterns - in some cases it may take 2 or 3 candles to complete the engulfing move and then you are heading into the 3 Inside and 3 Soldier patterns - worth understanding {image} {image}

Another note on Engulfing Candles. Wait fir the candle to close before determining it is engulfing - do not enter based on the intraday move, it will very likely bite you!
Attached Images
"To live with Passion, it takes Courage and Grace to survive"
  • #1,897
  • Feb 9, 2014 5:30am Feb 9, 2014 5:30am
Quoting Britpip7
{quote} Another note on Engulfing Candles. Wait fir the candle to close before determining it is engulfing - do not enter based on the intraday move, it will very likely bite you! {image} {image}
Thanks Britpip7, that`s great info. Being a Brit what area are you from?
  • #1,898
  • Feb 9, 2014 10:00am Feb 9, 2014 10:00am
Quoting spiritboy
{quote} Thanks Britpip7, that`s great info. Being a Brit what area are you from?
You are welcome

Walton-on-Thames - Surrey, but now living in Aromas, California
"To live with Passion, it takes Courage and Grace to survive"
  • #1,899
  • Feb 9, 2014 10:20am Feb 9, 2014 10:20am
Quoting Britpip7
{quote} You are welcome Walton-on-Thames - Surrey, but now living in Aromas, California
Just looked where you are, looks beautiful, i`m just across the river from where you lived, in essex, rather have your weather though!
  • #1,900
  • Feb 9, 2014 2:14pm Feb 9, 2014 2:14pm
Quoting spiritboy
{quote} Just looked where you are, looks beautiful, i`m just across the river from where you lived, in essex, rather have your weather though!
By the looks of it the Thames Valley has sunk! latest weather and flood warnings include Chertey and Shepperton, so not looking good.

We have more concern over wildfires right now, although this week we have rain - hope it keeps going, California is in drought, so complete opposite of Southern England.
"To live with Passion, it takes Courage and Grace to survive"
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