Disliked{quote} I took the same trade LW, the way I saw it there was a few small/consolidation candles which caused the TDI cross and the candle which entered on, caused a strong bounce. Thats what I seen..which was clearly wrong..what do you see?Ignored
- #36,182
- Apr 16, 2014 9:32am Apr 16, 2014 9:32am
Hi everyone, I didn't trade today.... as I said earlier I have been out all day and didn't see any good set-ups at 6am, Looking at the charts now I probably would have gone short EG at 10am! I wouldn't of enter long on EA like some of you becasue we were very close to resistance of the high of the 11th.... Best of luck and will see you all tomo
{quote} At the moment EU has a very small adr of around 53 pips, by the time price had cleared the consolidation it had already moved 80% of that (which price very often reaches and then turns around for a pullback) and so I would have passed on it or waited for a pullback, looking at the tdi on the daily I probably would have passed on it altogether, but thats just me.
- #36,188
- Apr 16, 2014 11:05am Apr 16, 2014 11:05am
This weeks trades on EUR/AUD H1. Today, two very nice setups.....one at LO and the other before NYO. On both setups, TDI green crossed both red and yellow at the open of the entry candle, following Pullback Candle Reversal Formations. The crossing of green over red & yellow and the candle formations were strong indications that price would move 3 to 8 candles before reversing. The long trade moved 4 candles and the short trade has moved 7 candles, so far. Big E knew what he was talking about. 
This weeks trades on EA H1. Today, two very nice setups.....one at LO and the other before NYO. On both setups, TDI green crossed both red and yellow at the open of the entry candle, following Pullback Candle Reversal Formations. The crossing of green over red & yellow and the candle formations were strong indications that price would move 3 to 8 candles before reversing. The long trade moved 4 candles and the short trade has moved 7 candles, so far. Big E knew what he was talking about. {image}
Can I ask something Phx62?
Your main reason for the entries are most candle formations?
Because, your entries above, are on a candles were we wouldn't see a printed cross. You know what I mean?
- #36,193
- Apr 16, 2014 11:41am Apr 16, 2014 11:41am
{quote} Awesome, I am a quiet fan of your trading
However, EVERY trade I took this week was FOLLOWING a cross of the TDI green over red AT THE OPEN OF THE ENTRY CANDLE, so there WAS a confirmed TDI cross BEFORE I entered each trade.
If you look at any of my previous charts you will see that sometimes I enter trades on the candle before the cross actually occurs but that is more risky. I have been trading for a long time and sometime can see that a reversal is about to happen, so I will get in a little early. That does not always work out.
- #36,196
- Apr 16, 2014 11:51am Apr 16, 2014 11:51am
{quote} Looks like my question pissed u off, sorry for that. I don't want go deeper now in my question. Sorry again. Have a great trading week.
- #36,197
- Apr 16, 2014 11:57am Apr 16, 2014 11:57am
This weeks trades on EUR/AUD H1....
Thanks for all your explanations and inspiration here - your help is producing real pips
fxFox (all times in my charts are GMT+1)
- #36,199
- Edited 12:25pm Apr 16, 2014 12:10pm | Edited 12:25pm
- Joined Feb 2012 | Status: Trader | 647 Posts
{quote} No....your question did not piss me off. The capital letters were just to make that point that there was as TDI cross before I took each trade. I'm sorry that my answers were too strong. If you have other questions, I will be glad to answer them, if I can.
I will try to explain better with that screen.
As I wrote on the screen if we imagine that would be our active candle, the tdi can still move. Actual there is a cross, and u already enter.
BUT now why I asked, if the price would go up with that candle, there would be NO cross anymore, because the candle is still active and also the TDI could change.
That's why I ask if the candle formation and breaks are more important as a printed cross?
A printed cross is for me, after your entrie candle has closed, because then the TDI cant change anymore on that point.
arghh, so sorry I am horrible at explaining things.
