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Trading Made Simple

  • #36,201
  • Apr 16, 2014 12:34pm Apr 16, 2014 12:34pm
Quoting Fame of me
{quote} ya, that's what made me a little bit unsure. 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...
I understand your question and what you say is true if you are using a version of the TDI that moves real time. The TDI I have on my charts only moves at the close/open of each candle so when the red candle (where your arrow points) opened, the TDI green line crossed over the red and the yellow lines. I entered shortly after that candle opened. Yes, it is possible that price could reverse again and move back up, and if it did, the TDI I have on my charts would only change at the close of the candle your arrow points to.....and once it closed, the TDI would cross back up again.
But that seldom happens when the TDI green crosses both red and yellow. That is where confidence in your system comes in. I know from hundreds of hours of back testing, forward testing, demo trading and live trading that my chances of a successful trade are more than 85% when I get a cross of the TDI green over red and yellow during the London session and when I see a PCRF just before the reversal. I will take that trade every time. Hope this helps answer your question and have a good trading week.
  • #36,202
  • Apr 16, 2014 12:38pm Apr 16, 2014 12:38pm
Quoting Phx62
{quote} I understand your question and what you say is true if you are using a version of the TDI that moves real time. The TDI I have on my charts only moves at the close/open of each candle so when the red candle (where your arrow points) opened, the TDI green line crossed over the red and the yellow lines. I entered shortly after that candle opened. Yes, it is possible that price could reverse again and move back up, and if it did, the TDI I have on my charts would only change at the close of the candle your arrow points to.....and once it closed,...
Ahh thank you so much Phx62. Of course, there is a different version of the TDI.
Now everything make sense for me.
Thanks again, I will take a look with the other TDI.

Have a great week
Thanks for your time.
  • #36,203
  • Apr 16, 2014 1:20pm Apr 16, 2014 1:20pm
Quoting dadadada
{quote} Hi I want London open broker. And I'm non US. I want to go live. Big E strategy in pure form. Thanks
If you have a big strategy, and if it can be perfectly defined, you can program it so it can run automatically without your direct effort.

Happy trading!
  • #36,204
  • Edited 1:47pm Apr 16, 2014 1:37pm | Edited 1:47pm
Quoting Fame of me
{quote} Ahh thank you so much Phx62. Of course, there is a different version of the TDI. Now everything make sense for me. Thanks again, I will take a look with the other TDI. Have a great week Thanks for your time.
Fame of me,

additionally using a realtime-TDI, there is always the danger for a turn into a "bounce", if the candle is not finished yet. But a turn on the TDI only can come along with a price movement to the other side producing this TDI reaction (as RSI-based) and the necessary size of this action depends on the absolute level of the tdi value.

The construction of the TDI causes that the nearer you are at the extreme level of the TDI (68 or 32), the more price movement in that direction is necessary to turn an existing TDI-cross to the other side on the candle open into a bounce.

But other things can come into place to ensure that the entry direction is the more likely direction (price action/patterns, S/R, trend on higher TF/channels).

To get a little more confidence, I sometimes wait the currently running candle to break the low of the previous red candle (or to the upside the high of the previous blue candle). So this is nothing other than a kind of trend on a lower TF (lower lows / higher highs).

At my broker it is possible to attach the TDI to the open price for visual backtests. I think at MT4 you can turn the TDI settings on the priceline to the open price (set to 1) too, which should have the same result (I didn't try this on MT4).
fxFox (all times in my charts are GMT+1)
  • #36,205
  • Apr 16, 2014 2:15pm Apr 16, 2014 2:15pm
trading made simple..


there are so many updates to this thing it's hard to keep track.. doesn't look very simple at all
  • #36,206
  • Apr 16, 2014 2:35pm Apr 16, 2014 2:35pm
Quoting Phx62
{quote} I understand your question and what you say is true if you are using a version of the TDI that moves real time. The TDI I have on my charts only moves at the close/open of each candle so when the red candle (where your arrow points) opened, the TDI green line crossed over the red and the yellow lines. I entered shortly after that candle opened. Yes, it is possible that price could reverse again and move back up, and if it did, the TDI I have on my charts would only change at the close of the candle your arrow points to.....and once it closed,...
Many thanks Fame of me and Phx62 for the questions and answers, sometimes although now second nature to Phx62 when he takes a trade is a light bulb moment for most of us when explained that way. Time to download the standard tdi indi and do some forward testing! Thanks to you guys.
Shane.
  • #36,207
  • Apr 16, 2014 2:46pm Apr 16, 2014 2:46pm
Quoting Phx62
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. {image}
Attached Image

Hi Phx62,

Thanks for your H1 trades chart .
Today both the H1 PCRF trades were good as the PCRF showed up in my tester which I am running forward testing this week.
I will use as filter - using TDI Green/Red/Yellow to highlight only higher probability ones.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD PCRF 16 Apr.png Size: 36 KB

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,208
  • Apr 16, 2014 3:05pm Apr 16, 2014 3:05pm
0
Quoting psaTrading
{quote} If you have a big strategy, and if it can be perfectly defined, you can program it so it can run automatically without your direct effort. Happy trading!
Hi
Thanks for the info. I didn't talk about trading automatically. Simple question deserves simple answer. And for simple trading,better to filter everything else from following(whatsoever maybe the intention of the contributor)and those who don't follow the thread originator. Regards. Partha Roy
  • #36,209
  • Apr 16, 2014 3:21pm Apr 16, 2014 3:21pm
Quoting emmanuel7788
{quote} {image} Hi Phx62, Thanks for your H1 trades chart . Today both the H1 PCRF trades were good as the PCRF showed up in my tester which I am running forward testing this week. I will use as filter - using TDI Green/Red/Yellow to highlight only higher probability ones. {image} regards, EMMANUEL
Ennanuel7788 could you pm me please, thanks, Shane.
  • #36,210
  • Apr 16, 2014 3:22pm Apr 16, 2014 3:22pm
USDCHF H4 setup (GMT0 sevrer time)

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF week16 H4 setup valid.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,211
  • Apr 16, 2014 3:30pm Apr 16, 2014 3:30pm
Quoting emmanuel7788
USDCHF H4 setup (GMT0 sevrer time) {image}

Are the risks that there is a risitance zone you are trading right into so the trade has a potential of reversing on you. Also the TDI may be turning over SLIGHTLY which may add to your resistance assumption. In addition, the green TDI is close to the overbought 68 zone which is another reason the price may decide to fall at this level.

Hows that!
Lets Make Some Money
  • #36,212
  • Apr 16, 2014 3:36pm Apr 16, 2014 3:36pm
Quoting DesiBaba
{quote} Are the risks that there is a risitance zone you are trading right into so the trade has a potential of reversing on you. Also the TDI may be turning over SLIGHTLY which may add to your resistance assumption. In addition, the green TDI is close to the overbought 68 zone which is another reason the price may decide to fall at this level. Hows that!
Simple as that hum?

Just as eelfranz teach us
  • #36,213
  • Edited 4:08pm Apr 16, 2014 3:46pm | Edited 4:08pm
Quoting emmanuel7788
USDCHF H4 setup (GMT0 sevrer time) {image}
Enter now on you would be on the 3rd/4th candle rapidly diminishing your odds. Also TDI is starting to hook over. Also resistance
  • #36,214
  • Apr 16, 2014 4:46pm Apr 16, 2014 4:46pm
About Daily charts. My AUD/USD short is still working with small loss, will see what next day will bring. TDI cross is still strong, APB still red, and strong resistance 0.9385 wasn't broken. So there is good chance's for going lower.

I see only few signals on new coming day:
EUR/JPY had bounced from support and now gives a signal for going long. Will see if new day gives clear TDI cross.
GBP/JPY made a great move today. It was a good chance to enter on first APB candle and got a lot of pips. Not sure if it's good to enter now. There are some support and resistance near current price, there is something like triangle on Daily chart.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily.png Size: 33 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily.png Size: 34 KB
  • #36,215
  • Apr 16, 2014 5:00pm Apr 16, 2014 5:00pm
Quoting timginter
(...) 10am trades: skipped all GBP pairs due to news in a few minutes gold long: nice TDI cross. PA: hammer formed, enter before confirmation according to TDI. Counter trend so I want to catch initial momentum and exit maybe before 2pm{image} EURUSD long: TDI cross/bounce (previous candles are very small). Price above the 5MA and seems to be a new trend forming... Now off to pray that EUR medium-impact news are good {image}
Finally home. A very small win (2 trades actually as I accidentally put 30pip trailing-stop and had to re-enter) on Gold, I was looking for a change of trend following the pin bar/hammer, instead it went pretty much flat. Still, managed to scrape some. Enter according to TMS, but I had to leave and couldn't be there for 2pm bar so I left it with a trailing stop.
Attached Image


EU whipped me, though...
Pros: Stochs and TDI up, treated previous smaller candles and previous TDI cross as flat for a possible bounce trade. Engulfing bar earlier.
Cons: 5 bull candles before entry, a doji confirmed by a small bull candle (con because according to PA I should have entered 1 candle earlier), ranging market, slight up-move for several previous candles could have exhausted the momentum
Attached Image

My stop loss got hit right to the pip, 5 points over the line... damn. Pity, as I could have cut losses by 2/3. Well, no pain no gain I'm looking at that trade for almost an hour now, going back and forth between eelfranz's posts trying to squeeze as much from this loss as possible. My conclusion:
A bit careless. It could have moved further, there was an engulfing bar 5 bars earlier and it got broken, but barely. On the other hand there was no clear consolidation (comparing for example to the previous up-move) and TDI lines did not tighten before the biger breakout. Actually they slowly but steadily grew apart right from the previous cross.
Looking forward to the next bounce

Please add/correct me if I missed something
  • #36,216
  • Apr 16, 2014 5:09pm Apr 16, 2014 5:09pm
A very disappointing day yesterday as the fx gods hit back with vengeance

DAILY TRADES : NU (S) +39; AU (S) (still open) -12

4HR:
6am: GA (S) -21

10am : USDCHF -12

Both the 4hr trades were taken using Big E method of TDI cross at open of candle which I normally don't do. In the past always I enter at the close of TDI cross so I have TDI confirmed.So I then never enter of first bar, but always second bar -- a little more conservative than Big E

Attached Image (click to enlarge)
Click to Enlarge Name: EA_b.jpg Size: 296 KB


Today's Daily trades
AU(S) from yesterday; EURCHF (L):GBPJPY (L)
  • #36,217
  • Apr 16, 2014 5:09pm Apr 16, 2014 5:09pm
Quoting timginter
{quote}Finally home. A very small win (2 trades actually as I accidentally put 30pip trailing-stop and had to re-enter) on Gold, I was looking for a change of trend following the pin bar/hammer, instead it went pretty much flat. Still, managed to scrape some. Enter according to TMS, but I had to leave and couldn't be there for 2pm bar so I left it with a trailing stop.{image} EU whipped me, though... Pros: Stochs and TDI up, treated previous smaller candles and previous TDI cross as flat for a possible bounce trade. Engulfing bar earlier. Cons:...
Hi

the first thing what I saw in your EU trade, that you entered at the 6. blue candle, which is, I think, to late.
And the second thing is, that u not set the sl under the last low.

Just for comparing, so looks my EU H4 chart
Attached Image
  • #36,218
  • Apr 16, 2014 5:13pm Apr 16, 2014 5:13pm
Quoting GilR
A very disappointing day yesterday as the fx gods hit back with vengeance DAILY TRADES : NU (S) +39; AU (S) (still open) -12 4HR: 6am: GA (S) -21 10am : USDCHF -12 Both the 4hr trades were taken using Big E method of TDI cross at open of candle which I normally don't do. In the past always I enter at the close of TDI cross so I have TDI confirmed.So I then never enter of first bar, but always second bar -- a little more conservative than Big E {image} Today's Daily trades AU(S) from yesterday; EURCHF (L):GBPJPY (L)
I took the same trade and set my stop loss at the last swing high and it got taken out....painful. I guess I should have waited because of the GBP news release. Signal looked strong though, good angle on the TDI green line.

GilR, in terms of this trade how did you determine your stop loss? Thanks.
  • #36,219
  • Apr 16, 2014 5:13pm Apr 16, 2014 5:13pm
Quoting toledoFX
. GBP/JPY made a great move today. It was a good chance to enter on first APB candle and got a lot of pips. Not sure if it's good to enter now. There are some support and resistance near current price, there is something like triangle on Daily chart. {image} {image}
Great now you tell me after I have pulled the trigger

Top of the daily channel still a 100 pips away and 40 to 4H channel gives me some comfort and hope
  • #36,220
  • Apr 16, 2014 5:18pm Apr 16, 2014 5:18pm
Quoting fxFox.mb
{quote} (...) I think at MT4 you can turn the TDI settings on the priceline to the open price (set to 1) too, which should have the same result (I didn't try this on MT4).
Huge thanks for the hint! Indicators from Post #25 and in "TDI Red Green" it seems to be "RSI_Price" variable. Values from 0 to 5 like on a moving average: 0 close, 1 open, 2 high, 3 low, 4 median, 5 typical weighted close
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