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Trading Made Simple

  • #40,101
  • Jul 29, 2014 4:20pm Jul 29, 2014 4:20pm
Quoting lastingwell
{quote} Easiest way around those trades? Check your higher timeframe first.


Could you expand on this please. What do you mean check higher timeframes?

for example if H4 is going uptrend and D1 is downtrend you wouldn't trade? Is that what you mean to make sure higher timeframes trend match the trade your making
Skype ID - jagpal.kooner1
  • #40,102
  • Jul 29, 2014 4:38pm Jul 29, 2014 4:38pm
Quoting jagpalsingh
{quote} Could you expand on this please. What do you mean check higher timeframes? for example if H4 is going uptrend and D1 is downtrend you wouldn't trade? Is that what you mean to make sure higher timeframes trend match the trade your making
Most of my posts include the higher timeframe TDI: http://www.forexfactory.com/showthre...58#post7622558
  • #40,103
  • Jul 29, 2014 4:48pm Jul 29, 2014 4:48pm
Quoting lastingwell
{quote} Most of my posts include the higher timeframe TDI: http://www.forexfactory.com/showthre...58#post7622558


Could you you explain the reason why you would look at higher TF before trading? What would you do if they are going different directions?
Skype ID - jagpal.kooner1
  • #40,104
  • Jul 29, 2014 4:50pm Jul 29, 2014 4:50pm
Quoting jagpalsingh
{quote} Could you you explain the reason why you would look at higher TF before trading? What would you do if they are going different directions?
Because I have backtested forward tested and every other test under the sun And for me its the most reliable.

Quote
What would you do if they are going different directions?
I am looking for higher probability trades, if they were going in different directions I wouldn't take the trade.
  • #40,105
  • Jul 29, 2014 5:12pm Jul 29, 2014 5:12pm
Quoting lastingwell
{quote} Because I have backtested forward tested and every other test under the sun And for me its the most reliable. {quote}I am looking for higher probability trades, if they were going in different directions I wouldn't take the trade.
Agreed.

If the Day direction is down and H4 is up, you have a conflict and the most probable outcome is with the higher time-frame prevailing. Sometimes this can be confusing when the H4 is showing crosses at the 32 level, and all reversals will start and build from the lower time-frames, but if the day has strong momentum, you are taking a gamble.

Once the fay TSL flattens and the PA is no longer setting lower lows / lower highs, then wait for the breakthrough. In this example, the EU day has not shown a buy signal for the past 3 weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: EU - Day - H4 Trends.gif Size: 97 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #40,106
  • Jul 29, 2014 5:29pm Jul 29, 2014 5:29pm
Quoting lastingwell
{quote} Because I have backtested forward tested and every other test under the sun And for me its the most reliable. {quote}I am looking for higher probability trades, if they were going in different directions I wouldn't take the trade.

@lastingwell and @britpips7

thank you that makes it clear why most of my H4 trades don't work out it's probably cos the signals and trends on higher timeframe was different.

If I trade daily:weekly charts do I still need to check all other timeframes or is that one chart fine as they are higher time frames.

What I have been doing for my daily trades I set a buy order for the candles previous high as therefore it's broken and I can get in on first green candle when/if it crosses at 20 level on stoch and 32 tdi. If no green candle and no cross then my trade is not picked up. Same for when I think it will be a sell I put sell order for previous candle low to be broken if at the 80 mark on stoch and 70 TDI

For E/U there have been no setups lately as market is just moving sideways on h4 D1 chart no clear setup
Skype ID - jagpal.kooner1
  • #40,107
  • Jul 29, 2014 5:44pm Jul 29, 2014 5:44pm
Quoting jagpalsingh
{quote} @lastingwell and @britpips7 thank you that makes it clear why most of my H4 trades don't work out it's probably cos the signals and trends on higher timeframe was different. If I trade daily:weekly charts do I still need to check all other timeframes or is that one chart fine as they are higher time frames. What I have been doing for my daily trades I set a buy order for the candles previous high as therefore it's broken and I can get in on first green candle when/if it crosses at 20 level on stoch and 32 tdi. If no green candle and no cross...
Hi Jagpalsingh,

It seems like you may be new to the TDI approach. I have been trading using the "5 Method" strategy explained in the PDF I have attached to this post. I have been trading using this approach for about 3 months now and I have been profitable after each month. I would recommend reading through this PDF thoroughly and then perhaps making a few demo trades based on this. I done this when I first started.

It may perhaps be easier for me to trade because I have been previously using a price action strategy prior to the "5 Method". If you are still relatively new to trading then it may be wise to brush up on the basics too.
Attached File(s)
File Type: pdf BigE comments (1).pdf   415 KB | 618 downloads
  • #40,108
  • Jul 29, 2014 5:59pm Jul 29, 2014 5:59pm
Quoting kiranizzle
{quote} Hi Jagpalsingh, It seems like you may be new to the TDI approach. I have been trading using the "5 Method" strategy explained in the PDF I have attached to this post. I have been trading using this approach for about 3 months now and I have been profitable after each month. I would recommend reading through this PDF thoroughly and then perhaps making a few demo trades based on this. I done this when I first started. It may perhaps be easier for me to trade because I have been previously using a price action strategy prior to the "5 Method"....
Hi,

thank you for the reply. I am completely new to trading and this is the first ever strategy I will be doing. Yes thank you I will read up on the pdf and try make sense of it. I do know the basics of when to enter the trade but I would need more experience on it as it doesn't always work or it goes back on me.

I use a £100 deposit account as this gives the true feeling of losing and winnings.
Skype ID - jagpal.kooner1
  • #40,109
  • Jul 29, 2014 8:39pm Jul 29, 2014 8:39pm
advice don't trade with real money now
  • #40,110
  • Jul 29, 2014 10:02pm Jul 29, 2014 10:02pm
Quoting dforant1
{quote} Try these. {file} {file}
hi, dforant1 (or anyone who knows), can you briefly talk about how you use these 2 indicators (tdi mtf alert & tdi with alert)? Things like where do I put them, what do they do and how should I set them up, etc. THX very much!

Shuo
  • #40,111
  • Jul 29, 2014 10:37pm Jul 29, 2014 10:37pm
Just a word of caution for this week - it is NFP week, so strange things can happen - avoid trading into Friday.
"To live with Passion, it takes Courage and Grace to survive"
  • #40,112
  • Jul 30, 2014 12:13am Jul 30, 2014 12:13am
Today's calendar shows ADP nfp change and FOMC news later.If trading the H4, would it be better to just sit this week out.
  • #40,113
  • Jul 30, 2014 12:17am Jul 30, 2014 12:17am
Quoting Britpip7
Just a word of caution for this week - it is NFP week, so strange things can happen - avoid trading into Friday.
With FOMC tonight as well, and Unemployment claims tomorrow, if this doesn't bring some volatility back we have no hope
  • #40,114
  • Jul 30, 2014 3:08am Jul 30, 2014 3:08am
what do you think about this entry from yesterday, missed to exit before pullback ...
entry: sec. candle below 200 ema
for me it looked good ... or did I something wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
Regards
  • #40,115
  • Jul 30, 2014 6:27am Jul 30, 2014 6:27am
Quoting fulltilt
what do you think about this entry from yesterday, missed to exit before pullback ... entry: sec. candle below 200 ema for me it looked good ... or did I something wrong? {image}
The candle before your entry had wicks on both sides. Usually this is a sign of indecision and so for me, I would want some more confirmation. I no longer use the stochs, I use the MACD. At the time of your entry there was weak momentum, and even then it favoured the upside. You can see this in the chart, as the candles before your entry were generally trending higher. The 200 EMA is starting to level out, suggesting the market may enter a range before finally choosing a direction. For me, this isn't an ideal entry and I'd usually check other charts for potential entries. Not too sure if someone more experienced can shed some words of wisdom on this though.
  • #40,116
  • Jul 30, 2014 8:08am Jul 30, 2014 8:08am
HI everyone.
I have traded this system in E/J 1hr and was profitable yet having lossess which eats the profits like phiranna ( many small losses for 1 large profit )

I am planning to trade to in 4 hrs chart so what about bringing your ideas into the system to filter out false trade.

I tried Waddah Attar to filter out false trade but was not effective .

have you all got any indicators to filter the false signals .

if we can filter then this system is the greatest ever .

Please share your ideas to move stronger
Mastering the Pair
  • #40,117
  • Jul 30, 2014 8:56am Jul 30, 2014 8:56am
Quoting Janfx
HI everyone. I have traded this system in E/J 1hr and was profitable yet having lossess which eats the profits like phiranna ( many small losses for 1 large profit ) I am planning to trade to in 4 hrs chart so what about bringing your ideas into the system to filter out false trade. I tried Waddah Attar to filter out false trade but was not effective . have you all got any indicators to filter the false signals . if we can filter then this system is the greatest ever . Please share your ideas to move stronger
Personally, I think since I started using the MACD I think my entries have improved. I would only take trades in the direction of the momentum.

I trade using the 5 Method. When I have a close above/below the 5 EMA, I wait for the next candle to open with the same colour. If the colour is the same, I then look to the MACD. Only take short trades when the MACD histogram is below 0 and longs when above 0. I feel this has improved my entries and has kept me out of a lot of unprofitable trades.
  • #40,118
  • Jul 30, 2014 9:24am Jul 30, 2014 9:24am
Quoting kiranizzle
{quote} Personally, I think since I started using the MACD I think my entries have improved. I would only take trades in the direction of the momentum. I trade using the 5 Method. When I have a close above/below the 5 EMA, I wait for the next candle to open with the same colour. If the colour is the same, I then look to the MACD. Only take short trades when the MACD histogram is below 0 and longs when above 0. I feel this has improved my entries and has kept me out of a lot of unprofitable trades.
You've left out the most important thing and thats the angle of the cross. It was the first thing Eelfranz looked at, before he looked at anything else he looked at the angle of the cross at the open of the candle.
  • #40,119
  • Jul 30, 2014 9:43am Jul 30, 2014 9:43am
Angle of the cross (or bounce)on H4 along with higher timeframe I don't anything can beat it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDH430-7.png Size: 40 KB
Click to Enlarge Name: EURAUDH430-7(2).png Size: 45 KB
  • #40,120
  • Jul 30, 2014 9:51am Jul 30, 2014 9:51am
Quoting lastingwell
{quote} You've left out the most important thing and thats the angle of the cross. It was the first thing Eelfranz looked at, before he looked at anything else he looked at the angle of the cross at the open of the candle.
I dont Understand what the "curve of the cross " . I find it very difficult to understand the setup of TDI . Please help
Mastering the Pair
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