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Trading Made Simple

  • #40,021
  • Jul 22, 2014 8:38am Jul 22, 2014 8:38am
Quoting lastingwell
First trade back, I had to go out so left it at 50 pip take profit didn't want to be greedy in this sort of market as I wouldn't be watching it. D1 tdi was looking like it might turn up when I took it, but it was such a lovely angle on the cross that I had to take it I was a bit late on the entry as I'd only just got up and looked at the charts but it had only moved around 9 pips it was also the 4th good attempt to break the demand area below. {image} {image}
I wanted to short at LO but was distracted by following my trading plan rules that ask fore when PA break Asian Session low, I wait a retest on small time frame, I wonder if PA has really tested Asian session before continuation, nice trade and good luck
I Have Learned to Take Some Losses to Make Profits
  • #40,022
  • Jul 22, 2014 8:56am Jul 22, 2014 8:56am
Quoting TheScorpS
{quote} I wanted to short at LO but was distracted by following my trading plan rules that ask fore when PA break Asian Session low, I wait a retest on small time frame, I wonder if PA has really tested Asian session before continuation, nice trade and good luck
I didn't want to confuse matters with trendlines because the primary reason for taking it was the lovely angle on the tdi cross, but on another chart I have a plain chart and trendlines and this was also a retest of the underside of the trendline I've put on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDmH4.png Size: 60 KB
  • #40,023
  • Edited 11:02am Jul 22, 2014 10:38am | Edited 11:02am
Aussie pairs are trading well after RBA comments yesterday. Today is Day 6 on my AUD/NZD trade - 3 entries so far - looking to add-on tonight if this trend run continues.

200ema is 50 pips away, so looking to see if PA stalls out at that level.

The key S/R level will then be 1.000 - so if PA makes it past 200ema, I will set my exits just short of the parity level.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzddaily day 6.png Size: 46 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #40,024
  • Jul 22, 2014 11:34am Jul 22, 2014 11:34am
Quoting lastingwell
{quote} I didn't want to confuse matters with trendlines because the primary reason for taking it was the lovely angle on the tdi cross, but on another chart I have a plain chart and trendlines and this was also a retest of the underside of the trendline I've put on the chart. {image}
Thanks and gives more clear idea as to what make you take a trade , I like to add bunch of confirmation to TDI before entry
I Have Learned to Take Some Losses to Make Profits
  • #40,025
  • Jul 22, 2014 12:31pm Jul 22, 2014 12:31pm
Quoting Britpip7
{quote} I am using the attached for TDI I disable everything except slope and bounce {file}
hi, Britpip7, sorry to bother you with this. But I saw you posted this 'TMS Watchdog' indicator, can you maybe give me a rundown of all these slope numbers, things like what numbers equal 12 to 2 and 4 to 6 on a clock? THX.
  • #40,026
  • Jul 22, 2014 12:40pm Jul 22, 2014 12:40pm
Had been using the lfh trade simulator on my old platform.The simulator just does not show on my new mt4 platform.Could there be a different loading pathway? All help would be greatly appreciated,as I find the simulator a great tool for learning TMS strategy.Thanks.
  • #40,027
  • Jul 22, 2014 3:22pm Jul 22, 2014 3:22pm
Quoting Britpip7
Aussie pairs are trading well after RBA comments yesterday. Today is Day 6 on my AUD/NZD trade - 3 entries so far - looking to add-on tonight if this trend run continues. 200ema is 50 pips away, so looking to see if PA stalls out at that level. The key S/R level will then be 1.000 - so if PA makes it past 200ema, I will set my exits just short of the parity level. {image}
Hello Britpip7,
What's the blue MA on your chart? Thanks
  • #40,028
  • Jul 22, 2014 3:49pm Jul 22, 2014 3:49pm
Read the first 70 or so pages off this thread. Going to see how I get on with this system. Liking the look of Britpips adaptations for the daily timeframe.

ayour2a - Im pretty sure its a 200ma
  • #40,029
  • Jul 22, 2014 4:48pm Jul 22, 2014 4:48pm
Quoting DanTheFox
Read the first 70 or so pages off this thread. Going to see how I get on with this system. Liking the look of Britpips adaptations for the daily timeframe. ayour2a - Im pretty sure its a 200ma



When you take your trades be sure to post your charts explaining why you took them. This will really help you as there's many experienced traders here that always help and give advice :-)

goodluck
Skype ID - jagpal.kooner1
  • #40,030
  • Jul 22, 2014 5:42pm Jul 22, 2014 5:42pm
Quoting ayour2a
{quote} Hello Britpip7, What's the blue MA on your chart? Thanks
the emas on the main chart are 200ema with typical / 0 shift and 7ema with typical / shift = 1
"To live with Passion, it takes Courage and Grace to survive"
  • #40,031
  • Jul 22, 2014 5:54pm Jul 22, 2014 5:54pm
Hello, I am new to this and was on practice yesterday and experienced a problem just prior to the Au and Ag spiking together at around 11pm last night (Australia). First my Au open position was deleted by someone when there was plenty of margin about 2 minutes before this spike ... coincidence? Also I tried to sell Ag but it wouldn't accept, coincidence?? My friend was on live and he couldn't sell either Au or Ag when it spiked until it had come down again and he lost because of that... what the hec is that all about? It's is as though some remote person can handle your account, delete positions and block you from selling when it races up. Is this normal?
  • #40,032
  • Jul 22, 2014 6:25pm Jul 22, 2014 6:25pm
Quoting Adrienne
Hello, I am new to this and was on practice yesterday and experienced a problem just prior to the Au and Ag spiking together at around 11pm last night (Australia). First my Au open position was deleted by someone when there was plenty of margin about 2 minutes before this spike ... coincidence? Also I tried to sell Ag but it wouldn't accept, coincidence?? My friend was on live and he couldn't sell either Au or Ag when it spiked until it had come down again and he lost because of that... what the hec is that all about? It's is as though some remote...
No it should not happen. You should investigate a broker called Global Prime - I think they are an Aussie company.
Go to stevehopwoodforex.com and look them up = that site recommends them and says they are very honest.
  • #40,033
  • Jul 22, 2014 6:38pm Jul 22, 2014 6:38pm
So don't you think that the radical spiking caused the site to crash with so many wanting to sell?
  • #40,034
  • Jul 22, 2014 6:42pm Jul 22, 2014 6:42pm
Quoting zhangshuo
{quote} hi, Britpip7, sorry to bother you with this. But I saw you posted this 'TMS Watchdog' indicator, can you maybe give me a rundown of all these slope numbers, things like what numbers equal 12 to 2 and 4 to 6 on a clock? THX.
Not without running a bunch of analysis on my charts (I have it on my charts to show bounce and cross - I do not use the values for the slop to determine an entry) which is something you should really do on your own with your own chart set-ups. It seems that you are putting all of your faith into the TDI slope, where you should really be spending time understanding Price Action and Support / Resistance plus Supply & Demand.

Use the search function in the top left of the forum page - type in "TMS Watchdog" and start at the earliest post back in 2011 - there are 89 posts - maybe that will give you a better idea how this indicator works.

You should probably check out Dean Malone and the Synergy approach, seeing as that is where TDI came from.

Finally, spend some time reviewing charts for Price Action on Big E's posts and then go to http://www.babypips.com/school/
"To live with Passion, it takes Courage and Grace to survive"
  • #40,035
  • Jul 22, 2014 9:35pm Jul 22, 2014 9:35pm
Quoting Britpip7
Aussie pairs are trading well after RBA comments yesterday. Today is Day 6 on my AUD/NZD trade - 3 entries so far - looking to add-on tonight if this trend run continues. 200ema is 50 pips away, so looking to see if PA stalls out at that level. The key S/R level will then be 1.000 - so if PA makes it past 200ema, I will set my exits just short of the parity level. {image}
8th day for this trade - AUD CPI went well and PA continues north - next news event for the AUD/NZD pair is the red flag events for RBNZ statements and NZ Trade Balance tomorrow.

Currently the EMA7 and TDi TSL are both trending up, so no real signs for an exit, just keep moving the SL with the PA. PA is back to setting HH / HC / HL, so another good sign for continuation.

200ema now coming into play - if PA breaks through 200ema, the sl will be set to 200ema minus 30.

The Fib is on for those of you who like to see some additional lines just to show where PA has reached in retracing the 350pips fall from June 4th - to July 10th. A combination of a 61.8 Fib level and the 200ema may well slow things down as may the RBNZ announcements tomorrow.

4th add-on now in play - so what this means is that when the pair stalls / pulls back, for every 1 pip pull back, that is 4 lost pips - this is where you need to stick to the trading plan and manage the SL settings and ensure that combined lost pips do not kill your profits too much. This is all down to risk tolerance for the individual trader - no real set rules here - how many pips can you stand to lose? If this trade continues and fully recovers the prior drop, there is at least another 100pips to go, which equates to an additional 400pips, or if it retraces, it loses 200pips of profit and the end result is +200.

The real test is when it is real money and not a demo account - this is my live account, so real $$$ at stake here.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzddaily 7-22-2013.png Size: 48 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #40,036
  • Jul 22, 2014 9:43pm Jul 22, 2014 9:43pm
Now that is a beautiful trade Britpip7 . I need a few of those myself. I'll have to start paying more attention to the daily charts.
  • #40,037
  • Jul 22, 2014 9:55pm Jul 22, 2014 9:55pm
Quoting pivotpower
Now that is a beautiful trade Britpip7 . I need a few of those myself. I'll have to start paying more attention to the daily charts.
Thanks - I also posted this on the Trading Made Simple for Day Charts thread
"To live with Passion, it takes Courage and Grace to survive"
  • #40,038
  • Jul 23, 2014 3:18am Jul 23, 2014 3:18am
Quoting lastingwell
{quote}Personally I would rather use the higher timeframe tdi than watch to see if the mbl is sloping in a certain direction, I've never found that very satisfactory for the way I trade. If you look at the same chart you have, with the mtf tdi on there, you will see how looking at the mtf tdi helps put you into trades without having to wonder if the mbl is starting to move up or down, but keeps you out of bad trades on the whole, although we have slightly different 4hr candle finishes they are more or less the same signal. I enter when the h4 has...


Hi there could you please post the correct version of TDI MTF indicator. The one which you have posted in the post 39,858, isn't even showing the indi in the window. Could you please send me the same.

Thanks in advance
  • #40,039
  • Jul 23, 2014 3:36am Jul 23, 2014 3:36am
Quoting civilpes2001
{quote} Hi there could you please post the correct version of TDI MTF indicator. The one which you have posted in the post 39,858, isn't even showing the indi in the window. Could you please send me the same. Thanks in advance
Apparently you need the attached indicator in the indicators folder, it doesn't need to be on the chart but it needs to be in the folder.
Attached File(s)
File Type: mq4 TDI-RT-Clone.mq4   4 KB | 373 downloads
  • #40,040
  • Jul 23, 2014 6:09am Jul 23, 2014 6:09am
big e did not trades on mondays?
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