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Trading Made Simple

  • #38,061
  • Edited 10:10pm Jun 4, 2014 9:57pm | Edited 10:10pm
Anyone took this GU's 4H entry on June 05, 14?

Reason of entry:
1) A valid PCRF.
2) TDI cross with good angle.
3) Rebound from BRN, Last Month Low.

Would you take this? Me, lack of confidence
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  • #38,062
  • Jun 4, 2014 10:18pm Jun 4, 2014 10:18pm
Why this is a failed trade? Appreciate feedbacks.
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  • #38,063
  • Edited 11:55pm Jun 4, 2014 11:26pm | Edited 11:55pm
Quoting pastecopy
Anyone took this GU's 4H entry on June 05, 14? Reason of entry: 1) A valid PCRF. 2) TDI cross with good angle. 3) Rebound from BRN, Last Month Low. Would you take this? Me, lack of confidence {image}

No I didn't and wouldn't. The TDI is in a slight oscillation going sideways (a reflection of the prices you see on your screen). This pair is not trending nor is it breaking out of its tiny range yet.
  • #38,064
  • Jun 4, 2014 11:51pm Jun 4, 2014 11:51pm
Quoting pastecopy
Why this is a failed trade? Appreciate feedbacks. {image} {image}

Based on your 4Hr chart I think you know why it failed. But let me add some extra perspective. This so-called TDI indicator is just a slightly smoothed RSI with a signal line. The RSI is a momentum indicator. When the RSI is above 50 the momentum is mostly up and when below zero it is mostly down. Now the direction of the RSI line is also important because it indicates changing momentum. That's why a cross of the signal line represents possible reversal but, reversals are tricky and many buy signals fail when the green TDI (smoothed RSI) is well below the 50 line and many sell signals fail when the cross is well above the 50 line. In those cases it is about as probable as flipping a coin. One interesting property I have discovered is when the green line crosses the red near the 50 line the green TDI will often bounce off the fifty line and go the other direction. Go back through your charts and check it out to draw your own conclusions about what I have said.

Consequently, on my charts I have slightly deviated from pure TMS to better filter the crosses and reduce ambiguities which can cloud or confuse the trading picture. Now after all this, the best advice I can give is check the higher time frames so that you don't swim against the direction of the current. BTW, the range of the UJ is so small I don't trade it but, I know people who successfully do. Good luck, and good trading.
  • #38,065
  • Jun 4, 2014 11:57pm Jun 4, 2014 11:57pm
Quoting emmanuel7788
{quote} Hi Pervis, I see some very good trades on your chart. Protection of capital is important in choppy market condition. regards, EMMANUEL
Thanks Emmanuel,

Timely to catch one more trade. I did not take any trade yesterday, maybe today also. Seem market is in stuck.


Regards,
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  • #38,066
  • Jun 5, 2014 12:11am Jun 5, 2014 12:11am
Quoting gcgman
{quote} Based on your 4Hr chart I think you know why it failed. But let me add some extra perspective. This so-called TDI indicator is just a slightly smoothed RSI with a signal line. The RSI is a momentum indicator. When the RSI is above 50 the momentum is mostly up and when below zero it is mostly down. Now the direction of the RSI line is also important because it indicates changing momentum. That's why a cross of the signal line represents possible reversal but, reversals are tricky and many buy signals fail when the green TDI (smoothed RSI)...
Thank you gcgman for the feedback. Do you take the MBL into consideration? For example, TDI crosses below the 50 line but above its MBL, do you take a short or just leave the trade?
  • #38,067
  • Jun 5, 2014 1:08am Jun 5, 2014 1:08am
Quoting pastecopy
{quote} Thank you gcgman for the feedback. Do you take the MBL into consideration? For example, TDI crosses below the 50 line but above its MBL, do you take a short or just leave the trade?

Some people use the MBL but, I don't. I believe emmanuel whom I consider to be the de facto expert on this system does use it. I am sure he will correct me if I am wrong. In your example, if the TDI crosses below the fifty and everything else says "sell" I take it without any consideration of the MBL.
  • #38,068
  • Jun 5, 2014 1:49am Jun 5, 2014 1:49am
EURNZD..GBPNZD
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Sad i'm not trying to understand PA
  • #38,069
  • Jun 5, 2014 1:49am Jun 5, 2014 1:49am
Can some one Educate me on the two Blue lines in TDT window?
What are they meant for and how to analyse and use them? It talks about top and bottom volatility ...
Thanks in advance
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  • #38,070
  • Jun 5, 2014 1:58am Jun 5, 2014 1:58am
Quoting adikashyap
Can some one Educate me on the two Blue lines in TDT window? What are they meant for and how to analyse and use them? It talks about top and bottom volatility ... Thanks in advance {image}
Here
That's Volatility Band
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Sad i'm not trying to understand PA
  • #38,071
  • Jun 5, 2014 2:16am Jun 5, 2014 2:16am
Quoting omonisha
{quote} Here That's Volatility Band {image}
Thanks a ton Mate ......
Now I can use TDI in a better way ...
All you guys are so very selfless .... Bless you all
  • #38,072
  • Jun 5, 2014 3:29am Jun 5, 2014 3:29am
Quoting Badway
{quote} Try? Width, it's automatic scaling.
May I request what this Automatic scaling is about?
  • #38,073
  • Jun 5, 2014 6:11am Jun 5, 2014 6:11am
Quoting Flipper58
{quote} There's Trading Made Difficult, Trading Made Confusing, Trading Made Wannabe, Trading Made Ego, Trading Made Give Me A Big Pat On The Back, Trading Made Liar, Trading Made Con, Trading Made I Love The Attention, which would you prefer????
Flipper58,

I agree. It would be very hard for any new trader to this tread to make heads or tails of it now.
Sad to see.

Mark up
Make sure that the light at the end of the tunnel is not an on coming train
  • #38,074
  • Jun 5, 2014 6:13am Jun 5, 2014 6:13am
Long for 30 odd pips risking 15pips. Tdi cross
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the cautious seldom err....C
  • #38,075
  • Jun 5, 2014 6:35am Jun 5, 2014 6:35am
Quoting lastingwell
{quote} I really wish people would stop posting stuff that is making me chew my computer, its looking pretty jaded.

Lastingwell,

Yes, I agree. One wonders what is the purpose or reason for some posts. I am afraid that this once fine thread is on its last legs. There seems to be a theme of cutting out constructive quotes and keeps quotes that appear to rub things up or down depending on your directional view.

Cheers

Mark up
Make sure that the light at the end of the tunnel is not an on coming train
  • #38,076
  • Jun 5, 2014 6:40am Jun 5, 2014 6:40am
Quoting Mark up
{quote} Lastingwell, Yes, I agree. One wonders what is the purpose or reason for some posts. I am afraid that this once fine thread is on its last legs. There seems to be a theme of cutting out constructive quotes and keeps quotes that appear to rub things up or down depending on your directional view. Cheers Mark up
This thread is dead for anyone but 1 month newbies, dead and gone long ago.
Per Ardua Ad Astra - Through Adversity To The Stars
  • #38,077
  • Jun 5, 2014 6:42am Jun 5, 2014 6:42am
Quoting Flipper58
{quote} This thread is dead for anyone but 1 month newbies, dead and gone long ago.
Well aren't you all dark and gloomy
  • #38,078
  • Jun 5, 2014 7:33am Jun 5, 2014 7:33am
EURAUD hit my TP... but not before hitting my stoploss at -40.

Lesson learned - always check the f***ing news!
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Everything you can imagine, is real - Pablo Picasso
  • #38,079
  • Jun 5, 2014 8:13am Jun 5, 2014 8:13am
Target hit
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the cautious seldom err....C
  • #38,080
  • Jun 5, 2014 8:36am Jun 5, 2014 8:36am
I've been away because of work and couldn't trade much. I had 1 good trade last week and one big bad trade. Today I took GA H1 trade as I got off from work and below is my explanation of the trade. I'll usually stick to the daily timeframe in future and will only trade H4, H1 when ever Ill have enough time to monitor the trades.

GA H1
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Any support and what's my target ?
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Did I check the higher time frame before taking the trade, Yes I did.
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Please feel free to comment and suggest.

Regards
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