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Trading Made Simple

  • #38,981
  • Jun 28, 2014 9:54am Jun 28, 2014 9:54am
Quoting pips29
{quote} Eric had placed a lot of emphasis on trading the cross that happens on the TDI. He mentioned looking at the TDI first before everything else. I did that. Now how to be true to this statement. I started thinking quietly, of course and then, uereka! it struck me. Just do what big E said and that is trade the cross as entry and exit as it crosses back or when it hooks
If you are good at something, never do it for free--Joker
  • #38,982
  • Jun 28, 2014 10:37am Jun 28, 2014 10:37am
Quoting jmn5611
{quote}
No applause please and not so fast yet. I meant every word of it.. I traded this way, this is all you need. Can it get more simpler???
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 32 KB
the cautious seldom err....C
  • #38,983
  • Jun 28, 2014 11:01am Jun 28, 2014 11:01am
Quoting pips29
{quote} No applause please and not so fast yet. I meant every word of it.. I traded this way, this is all you need. Can it get more simpler??? {image}
Eric did try this, and.......he was able to make pips. So you are honing in on the essence of he was trying to convey. Here is the proof.

http://www.forexfactory.com/showthre...ul#post4553516

Hard Earned...

Welcome aboard...

The ability to trade longer term charts releases so much stress when trading as long as you have confidence in your method...

If your trading the more aggressive method... only enter on candle 1 or 2... unless you enter on the bounce of green off of red...

I encourage everyone to Demo Trade the method to build confidence and study the charts posted... it's pretty cut and dried... don't make it more complicated... HA PA/5ema/TDI/Stochs is all you need. I've traded off the TDI many times with no PA showing and have been successful over and over.
If you are good at something, never do it for free--Joker
  • #38,984
  • Jun 28, 2014 11:09am Jun 28, 2014 11:09am
Quoting pips29
{quote} No applause please and not so fast yet. I meant every word of it.. I traded this way, this is all you need. Can it get more simpler??? {image}
Oh and about that yellow line. Eric addressed this as well. See, all of these these questions that are coming up in 2014 came up back in 2011. Nothing new under the sun. This is why Big E did not use the MBL.

http://www.forexfactory.com/showthre...18#post4529618

Dean Malone takes trades when the green crosses the 50 line because it is safest and most conserative. I found I missed entering a lot of trades when I did that so I started entering when green crosses red.

All of this stuff has been addressed. So to those trying to "evolve"(not you pips29), try to make sure you are not re-inventing the wheel.
If you are good at something, never do it for free--Joker
  • #38,985
  • Jun 28, 2014 11:52am Jun 28, 2014 11:52am
My advise to newbies is to only read 1st few pages of this thread. The rest is mostly interpretations. When you master that try to ad stuff at your own peril. When successful, leave the thread and avoid being brainwashed. If you can't comprehend what you have read do not trade Forex until mastering that.
  • #38,986
  • Jun 28, 2014 11:59am Jun 28, 2014 11:59am
Quoting pips29
{quote} No applause please and not so fast yet. I meant every word of it.. I traded this way, this is all you need. Can it get more simpler??? {image}
I have tried this before and it is soooo relaxing.
  • #38,987
  • Jun 28, 2014 1:25pm Jun 28, 2014 1:25pm
Many thanks lastingwell and Pips29 for your contribution

Both showed me tips in those particular trades, its good when TDI is crossing MBL coming from OS or OB and Phx62 once told that when TDI is crossing MBL and 50 line at the same time that is even powerful

Now look back at the picture, I added a green line on all of the 3 trades, does this tell you anything, I mean would you consider this as one more important filter along the PCRF?

For example PA is failing to make new structure low and losing momentum and barely any projection, very slow
Attached Image (click to enlarge)
Click to Enlarge Name: PCRF.jpg Size: 521 KB
I Have Learned to Take Some Losses to Make Profits
  • #38,988
  • Jun 28, 2014 2:22pm Jun 28, 2014 2:22pm
Quoting fxbr56
{quote} Here's a session clock. You can edit the code and change the locations. It also shows the spread. HTH. {file}
I attached this clock but does not appear on my chart
  • #38,989
  • Jun 28, 2014 2:29pm Jun 28, 2014 2:29pm
Quoting TheScorpS
Many thanks lastingwell and Pips29 for your contribution Both showed me tips in those particular trades, its good when TDI is crossing MBL coming from OS or OB and Phx62 once told that when TDI is crossing MBL and 50 line at the same time that is even powerful Now look back at the picture, I added a green line on all of the 3 trades, does this tell you anything, I mean would you consider this as one more important filter along the PCRF? For example PA is failing to make new structure low and losing momentum and barely any projection, very slow {image}...
That wouldn't be something I looked at particularly unless I saw divergence which I don't see in those pics.
  • #38,990
  • Jun 28, 2014 2:50pm Jun 28, 2014 2:50pm
Quoting dforant1
{quote} I have tried this before and it is soooo relaxing.
great I did the same when I was trading woodies cci (only looking at patterns but found pattern recognition difficult, eyesight not so good ,I reckon
the cautious seldom err....C
  • #38,991
  • Jun 28, 2014 2:57pm Jun 28, 2014 2:57pm
Quoting lastingwell
{quote} That wouldn't be something I looked at particularly unless I saw divergence which I don't see in those pics.
Thanks lastingwell for all the contribution to this thread
I Have Learned to Take Some Losses to Make Profits
  • #38,992
  • Jun 28, 2014 2:57pm Jun 28, 2014 2:57pm
Quoting TheScorpS
Many thanks lastingwell and Pips29 for your contribution Both showed me tips in those particular trades, its good when TDI is crossing MBL coming from OS or OB and Phx62 once told that when TDI is crossing MBL and 50 line at the same time that is even powerful Now look back at the picture, I added a green line on all of the 3 trades, does this tell you anything, I mean would you consider this as one more important filter along the PCRF? For example PA is failing to make new structure low and losing momentum and barely any projection, very slow {image}...
Just taking a break from football and I suggest lines (like trendlines) on the TDI. When you see a break up/down depending on the trend then coupled with your own trading experience you could probably take trades on the break I don,t particularly like to trade divergence on H1 .Come back to me if you don't get what I am writing as I am in a rush to watch Uruguay play without Jaws
the cautious seldom err....C
  • #38,993
  • Jun 28, 2014 5:06pm Jun 28, 2014 5:06pm
Hi traders,

I've been following this thread for some time. The entry rules are very clear and seem to work. What I am struggling with is exits. Too often my trade goes into a nice profit and suddenly reverses against me and I end up with a loss.
I looked at TDI "hooks", but they are usually too late OR don't give me enough room to get into a profit.
When using support and resistance levels for potential profit targets ... it's hard to get even close to 1:1 Risk:Reward ratio in these days.

What is the problem? What did I miss?
Should I stop trading and wait until market starts expanding again?

I can see in this thread that some members still keep bringing pips home. Would you guys share your exist strategies with us please?

Happy trading to all.
  • #38,994
  • Jun 28, 2014 7:10pm Jun 28, 2014 7:10pm
Quoting austros
Hi traders, I've been following this thread for some time. The entry rules are very clear and seem to work. What I am struggling with is exits. Too often my trade goes into a nice profit and suddenly reverses against me and I end up with a loss. I looked at TDI "hooks", but they are usually too late OR don't give me enough room to get into a profit. When using support and resistance levels for potential profit targets ... it's hard to get even close to 1:1 Risk:Reward ratio in these days. What is the problem? What did I miss? Should I stop trading...
Taking losses on decent trade is not smart. At least take a small gain. There's plenty of trades if using the right pair and trading the most optimal hours. Summer months can be slower but should still be able to navigate a gain with TMS. Don't be too greedy. I trade the H1 London market EST and if I reach 30 pips I'm looking for a way out of that hour. All days and weeks are not equal but monthly come close to my average nicely.
  • #38,995
  • Jun 28, 2014 8:22pm Jun 28, 2014 8:22pm
Quoting austros
Hi traders, I've been following this thread for some time. The entry rules are very clear and seem to work. What I am struggling with is exits. Too often my trade goes into a nice profit and suddenly reverses against me and I end up with a loss. I looked at TDI "hooks", but they are usually too late OR don't give me enough room to get into a profit. When using support and resistance levels for potential profit targets ... it's hard to get even close to 1:1 Risk:Reward ratio in these days. What is the problem? What did I miss? Should I stop trading...
Watch PA. If those HA candles start to stall and you don't have a lot of pips on the table see what price is going to do, go ahead and take those pips off the table. There will be plenty of set ups.

Speaking of set ups, make sure you take only the absolute best ones.
If you are good at something, never do it for free--Joker
  • #38,996
  • Jun 28, 2014 11:36pm Jun 28, 2014 11:36pm
Quoting pips29
{quote} Just taking a break from football and I suggest lines (like trendlines) on the TDI. When you see a break up/down depending on the trend then coupled with your own trading experience you could probably take trades on the break I don,t particularly like to trade divergence on H1 .Come back to me if you don't get what I am writing as I am in a rush to watch Uruguay play without Jaws
Thanks for the info , I think I know that too and use it sometime

Lastingwell, regarding GU trade that I posted , I find that when theres 2 candles that changed color in this case to blue following a PCRF which didn't move a lot, its good setup even the entry is taken on 3rd candle after APB changed color, its sort of confirmation that sellers has lost momentum, especially confirmed with cross of TDI, I think waiting the cross only occurred at around the 3rd blue candle , so guess the entry on the 3rd candle with cross of TDI
I Have Learned to Take Some Losses to Make Profits
  • #38,997
  • Jun 29, 2014 1:17am Jun 29, 2014 1:17am
Quoting austros
Hi traders, I've been following this thread for some time. The entry rules are very clear and seem to work. What I am struggling with is exits. Too often my trade goes into a nice profit and suddenly reverses against me and I end up with a loss. I looked at TDI "hooks", but they are usually too late OR don't give me enough room to get into a profit. When using support and resistance levels for potential profit targets ... it's hard to get even close to 1:1 Risk:Reward ratio in these days. What is the problem? What did I miss? Should I stop trading...
If you post some example trades we might be able to give you a bit more help.
  • #38,998
  • Jun 29, 2014 1:29am Jun 29, 2014 1:29am
Quoting TheScorpS
{quote} Thanks for the info , I think I know that too and use it sometime Lastingwell, regarding GU trade that I posted , I find that when theres 2 candles that changed color in this case to blue following a PCRF which didn't move a lot, its good setup even the entry is taken on 3rd candle after APB changed color, its sort of confirmation that sellers has lost momentum, especially confirmed with cross of TDI, I think waiting the cross only occurred at around the 3rd blue candle , so guess the entry on the 3rd candle with cross of TDI
Looking at my own chart, I would have taken it on the 4th blue candle, the tdi turned up at a nice angle at the beginning of that candle which shows momentum, I also had an h1 demand area there from 26th so that would have been a nice combination.
  • #38,999
  • Edited 7:53am Jun 29, 2014 6:48am | Edited 7:53am
Quoting jmn5611
{quote} Anyway, no disrespect to any of you who choose not to follow the thread founder. It is what is.
What Eric couldn't have known was how many people he would inspire to use the TDI. As I have said, each person sees TDI behaviour and its interaction with pa in a different way and many have contributed their perspective to the thread e.g. Phx62, Zoopots, dcginc, Britpip etc. and we are all richer for that.

As Realjumper has said, the simple mechanics of Forex Factory make starting your own thread a serious, time-consuming and burdensome undertaking. Britpip has started his own thread trading the Daily chart with the TDI but understandably, many have chosen not to and have chosen to post in this thread. I am grateful for that as we have benefited from their methods and being a witness to them developing their thinking.

As I think you meant to say, the thread is what it is. Long may it continue.

Kan
Thanks for your help, warmth and straight talking Heather.
  • #39,000
  • Jun 29, 2014 7:13am Jun 29, 2014 7:13am
Hi guys -

I am new to this! and i have read through the posts about the system. From my understanding this is what you do...

1. Green crosses red - Buy (wait for 2nd candle if unsure)
2. Red crosses green - Sell (wait for 2nd candle if unsure)
3. If flat - Pass
4. If in profit from 2nd candle onwards set a stop loss at the price you bought so if it turns against you, you loss nothing.

Can someone tell me whats the diff between stoch and TDI? both show the same thing really dont they?

this is my set up

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 181 KB



Am I missing anything or anything i am not correct about? Is there any other indicator i could have to help me. S/R lines i find hard to make is there a indicator that i can use to set them automatically?

Indicators i would like..

1. Setting S.R line
2. Market hours (when next market opens)
3. How many pips i am up or down

when i buy 0.01 lots of EURO/USD at 500/1 leverage how much have I actually invested of my own money? my account balance is £100
Skype ID - jagpal.kooner1
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