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Trading Made Simple

  • #42,021
  • Oct 9, 2014 1:36pm Oct 9, 2014 1:36pm
Quoting emmanuel7788
{quote} Hi Greenb, Long time no see. How are you? I waited for that LO candle to close to see if I get a H1 setup. {image} Regards,
doing alright emmanuel just busy busy how are you yourself?
i hope you dont get slammed by that bearish move after that reversal.
also do you remember that TDI indicator that comes up with arrow and notice when its a good cross and i commented that's being lazy?
been forward testing it and it turns out to be quite good. so thanks for that
Daniel
  • #42,022
  • Oct 9, 2014 1:44pm Oct 9, 2014 1:44pm
Took these 2 trades today and very happy with results.
Trades still open.
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  • #42,023
  • Oct 9, 2014 2:34pm Oct 9, 2014 2:34pm
Quoting forexday
Took these 2 trades today and very happy with results. Trades still open. {image} {image}
This was all during red news, buddy (ECB President Draghi Speaks)
Dangerous. I had another trade that did not fare lucky. Red news are a gamble.
  • #42,024
  • Oct 9, 2014 2:38pm Oct 9, 2014 2:38pm
Quoting rkp
{quote} This was all during red news, buddy (ECB President Draghi Speaks) Dangerous. I had another trade that did not fare lucky. Red news are a gamble.
I don't pay attention to news, not sure if this is a good thing or not.
Thanks for the adv, much appreciate it.

Happy trading mate.
  • #42,025
  • Oct 9, 2014 2:47pm Oct 9, 2014 2:47pm
Sarcasm?
I closed mine on strong bearish 1h candle for -10... my mistake was not to put Plan B into place so missed the down move..

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Quoting Bizzzle
{quote} Let me guess you close before the down move
  • #42,026
  • Oct 9, 2014 2:55pm Oct 9, 2014 2:55pm
Hi TheScropS,

I am no techy but got MPTM working for me and it's a charm. Do a search on FF.. It's easy to figure out
As I am sleeping through NY session and have to leave trades open and take partial profits or move stops according to what my Rs are..

Hope it helps.




Quoting TheScorpS
{quote} Have always wanted to use that , dont know where to start from, at least the basic, I need to move to BE at +21 only at the time being
  • #42,027
  • Oct 9, 2014 3:10pm Oct 9, 2014 3:10pm
Hi Lydia,
I use the realtime TDI. Don't ask me which one it is as I haven't changed for a few years now. Think I used first Realtime TDI that came out.
If you do a 'paperclip' search, all the indicators are there..

Good trading



Quoting lydia
Hi Bigpips, May I know where can I get your TDI indicator please? Thanks
  • #42,028
  • Oct 9, 2014 4:51pm Oct 9, 2014 4:51pm
Quoting forexday
{quote} I don't pay attention to news, not sure if this is a good thing or not. Thanks for the adv, much appreciate it. Happy trading mate.
As a matter of fact, I was thinking of not paying attention to news using this system myself until I got my a** whooped today on ECAD and some others - all in all -100 pips . It's good I only trade micro lots.

@forexday: How long have you used this system successfully? If you are successful without paying attention to news that would be an interesting fact... Maybe my H4 candles close inferior to news. My broker is GMT+2 (EET time zone)

Lemme know.

Thx and good job!
  • #42,029
  • Oct 9, 2014 5:03pm Oct 9, 2014 5:03pm
Quoting Greenb
{quote} doing alright emmanuel just busy busy how are you yourself? i hope you dont get slammed by that bearish move after that reversal. also do you remember that TDI indicator that comes up with arrow and notice when its a good cross and i commented that's being lazy? been forward testing it and it turns out to be quite good. so thanks for that
Which of the indies with TDI cross arrows did you test?

I have tried several of the alerting indicators like TMS watchdog/TMS Monitor/TDI Alerts v2/TDI Alerts Advanced/SynergyProTradeAlert. They give very different alerts when running them at the same time

I am looking for an alert for buys only when green cross red above yellow MBL, and the opposite for sells. Anyone knows if there is any indicator that can be setup like this? Also it would be nice to be alerted to bounces as well as see slope values.
  • #42,030
  • Oct 9, 2014 5:19pm Oct 9, 2014 5:19pm
Due to lack of volatility in currency pairs compared to the time when this thread was originally written, some members have switched to trading lower timeframe, I tried too but without much success so I tried to go back to the basics of the original rules to know what I have been doing wrong:

  1. To give good signal the market need to be trending strongly (no small heikenashi candles!).
  2. Identify and avoid rangin market before getting stuck in it (hardest part).
  3. Avoid trading against the trend (hard to know with currency specially under influence of news).

After comparing other alternative I finally settled with Gold on 4H chart as it satisfy all previous conditions , you can see why on the following chart:

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On the green vertical lined are entries according to TDI rule, the horizontal yellow lines are round numbers 5$ and 10$ as Gold respect them perfectly as support/resistance and when it break those levels it signal with high probability start of new trend.
  • #42,031
  • Oct 9, 2014 8:22pm Oct 9, 2014 8:22pm
EURJPY H4 SELL TRADE FOLLOWUP POST #42,024
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kindest Regards
  • #42,032
  • Oct 9, 2014 9:12pm Oct 9, 2014 9:12pm
Hi R00ms,

Just taken 2 trades. Hmm I dont feel good taking EA live. So I just taken demo trade on EJ and GA.

GA entry was 15mins TDI cross down, While EJ take when price break the small range.

Hopefully both works out great even though demo.
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  • #42,033
  • Oct 9, 2014 9:15pm Oct 9, 2014 9:15pm
Quoting Greenb
{quote} doing alright emmanuel just busy busy how are you yourself? i hope you dont get slammed by that bearish move after that reversal. also do you remember that TDI indicator that comes up with arrow and notice when its a good cross and i commented that's being lazy? been forward testing it and it turns out to be quite good. so thanks for that
Hi,

Good to know you are doing well. I am busy as usual like you. Will tell you more in private.

That EJ buy trade got me. This one the market set me up.
I got MPTM running set with 20 pips to scale out and BE, but market did not move more than 20 pips after my entry. I went to grab dinner and by the time I got back to my PC, I saw two nasty H1 red candles. Being slow thinking, but I had my Plan B in mind so when my dashboard alert signal a H4 TDI signal a cross with a bearish engufing candle, that H1 trade was closed with -38pips. Using that H4 setup and confirmed TDI cross, I went back in with Sell for my recovery trades. Manage a nett 20pips so the loss was reduced.
Still a good trading day and as usual some of us enjoyed the day just like any other trading day.

regards,
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,034
  • Oct 9, 2014 9:29pm Oct 9, 2014 9:29pm
Yesterday EA TRADE - BE, missed 50 pips tp by 8 pips. I could not manage trade as I was not business trip. Its trading !!!
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  • #42,035
  • Oct 9, 2014 9:32pm Oct 9, 2014 9:32pm
Quoting Kouroushi
{quote} Dear Emmanuel, What is your idea on the trade I'm currently in? AUD/USD... H1... Big engulfing candle below the round number... TDI heading south with its cross near 60... {image}
Hi Kouroushi,

Sorry, this is many hours late to reply you.
But looking at your H1 chart, that bearish engulfing candle you mentioned is obvious and with TDI cross as confirmation. That should trigger a setup alert.
Now with hindsight 20:20 vision, you got a winner.

Some tips on trading H1 intraday basis which I use:
1) use the ISM ADR marker, when the day price reached or exceeded its ADR indicated by this indicator, it usually consolidates or retraces or reverse.
2) The common reversals often occur when market fails to move above its Previous D Fib extension 127%, wide ranging market.
3) PA and Confluence of support and resistance, round numbers, weekly and daily fibo levels.

All these 3 above can seen on your AU H1 chart.

Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,036
  • Oct 9, 2014 9:34pm Oct 9, 2014 9:34pm
Quoting manoj_3986
I need some coder's help to add two functions in trade manager. 1) Close current order if APB bar closed with opposite color 2) Maximizing profit -- Move TP & SL once price come closer to set TP. Please find below link for more in details. http://www.forexfactory.com/showthre...50#post7784150 Thank you very much for your help.

Hi Manoj,

Ok, I will take a look at your post link.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,037
  • Edited 10:26pm Oct 9, 2014 9:41pm | Edited 10:26pm
Quoting amilate
Hi R00ms, Just taken 2 trades. Hmm I dont feel good taking EA live. So I just taken demo trade on EJ and GA. GA entry was 15mins TDI cross down, While EJ take when price break the small range. Hopefully both works out great even though demo. {image}
Hi amilate,

both trades are against the previous D candle but you can scalp some pips off the rectracement and never know if they retrcaes deeper perhaps reverse.
It is Friday market, funny things do happen on Fridays.
Manage trades well.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,038
  • Oct 9, 2014 9:46pm Oct 9, 2014 9:46pm
Quoting robuk
I got a few green pips today , about + 60 from two trades , and two losses for - 18 , so a good day for me , closed out good positions far too soon , as usual but I'm just happy to be making progress and learning .{image}{image}

Hi Rob,

Good trades.
I sense you are building up your confidence. That's progress. Keep it UP!
Trading is a profession and it demands lots of practice, practice, parctice.
We need to condition our minds much more than our body for this. The same in every sports.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,039
  • Oct 9, 2014 9:51pm Oct 9, 2014 9:51pm
Quoting LFN
{quote} Which of the indies with TDI cross arrows did you test? I have tried several of the alerting indicators like TMS watchdog/TMS Monitor/TDI Alerts v2/TDI Alerts Advanced/SynergyProTradeAlert. They give very different alerts when running them at the same time I am looking for an alert for buys only when green cross red above yellow MBL, and the opposite for sells. Anyone knows if there is any indicator that can be setup like this? Also it would be nice to be alerted to bounces as well as see slope values.

Hi LFN,

Just PM you. Pls check.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,040
  • Oct 9, 2014 10:12pm Oct 9, 2014 10:12pm
Quoting emmanuel7788
{quote} Hi amilate, both trades are against the previous D candle buy you can scalp some pips off the rectracement and never know if they retrcaes deeper perhaps reverse. It is Friday market, funny things do happen on Fridays. Manage trades well. Regards,
Thank Emman. Noted.

I took a quick 25pips on GA and 5pips on EJ. Bagged 30pips ... hehe... though demoing, but still greenish .
As you say, it's Friday, grab whatever market give me ... and that's it. Ehm.. the past 2 fridays already give me a creep result be it live or demo.

I can be greedy on Tue/Wed/Thu, but definately not Monday nor Friday.
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