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Trading Made Simple

  • #42,521
  • Oct 21, 2014 6:19am Oct 21, 2014 6:19am
Quoting lastingwell
{quote} I know some people don't like the higher timeframe tdi on their chart, but it would have saved you from taking that trade on EN.
Thanks for you comment LW,
Actually in my watchlist I had it as a short opportunity from W1. This trade was supposed to be a fast one & my reasons were:
Bounce from bottom of the box with TDI agreement. I have noticed lots of traders here take successful ones that not all TFs are in agreement, I don't know if some people just post their wins or not?
Yours
  • #42,522
  • Edited 6:39am Oct 21, 2014 6:19am | Edited 6:39am
Two nice entry on E/U and E/A
The first 50 pips after the forth top and good angle of TDI and Second 40 pips in continuation of the down trend and break low of the previous candle and also god angle of TDI
Am a part time trader and these day am tempting to be a full one !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD@H1.png Size: 40 KB
Click to Enlarge Name: EURAUD@M15.png Size: 36 KB
  • #42,523
  • Oct 21, 2014 6:25am Oct 21, 2014 6:25am
Quoting Kouroushi
{quote} Thanks for you comment LW, Actually in my watchlist I had it as a short opportunity from W1. This trade was supposed to be a fast one & my reasons were: Bounce from bottom of the box with TDI agreement. I have noticed lots of traders here take successful ones that not all TFs are in agreement, I don't know if some people just post their wins or not? Yours
Its nice to bear the W1 in mind but a pullback on there can be hundreds of pips, so I note it but don't actively trade it on H1. I don't take trades where all timeframes are in agreement, I take h1 where the h4 tdi is in agreement and I take h4 where d1 is in agreement, thats it.
  • #42,524
  • Oct 21, 2014 6:27am Oct 21, 2014 6:27am
Quoting reeeen4
{quote} Apologies if this has already been asked but what settings do you use on the TDI for higher time frames? or is it a completely different indicator to the standard TDI one?
I use this one by Xaphod, you will need also the tdi rt clone in your indicators folder but not on the chart so I've attached it here in case you don't have it already.
Attached File(s)
File Type: ex4 TDI-MTF.ex4   31 KB | 609 downloads
File Type: ex4 TDI-RT-Clone.ex4   12 KB | 631 downloads
  • #42,525
  • Oct 21, 2014 6:30am Oct 21, 2014 6:30am
Quoting Kouroushi
{quote} Hi I do use SLs, and I just closed it with -50pip in a small pullback. I've got my SLs hit before price goes my way enough. So now I only use SLs as emergency ones & try to close them at a better loss!!! Yours
It's your call, buddy, I've had an account shatter just by doing that What you have is an emergency stop, the size of your account, sometimes price won't pullback enough for you to consider cutting your losses, and by the time you know it, it will have already resumed the move and taken you another 50 pips away from your entry. Meaning to quickly scalp a few pips off the market and allowing 70 pips in drawdown is silly and won't get you far, just my 2 cents, take my advice or don't it's your money and it's alllll up to you
  • #42,526
  • Oct 21, 2014 6:54am Oct 21, 2014 6:54am
Decided to enter EUR/CAD today, because there was not clear situation for me on my usuall pairs that moment. So entered after breaking Asian range and after confirmation by breaking LO's low. Set TP 40 pips and left, when i came back TP was hit. Could get more, but i didn't expect such a strong move without any news.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 38 KB
  • #42,527
  • Oct 21, 2014 6:55am Oct 21, 2014 6:55am
Quoting WDays
{quote} It's your call, buddy, I've had an account shatter just by doing that What you have is an emergency stop, the size of your account, sometimes price won't pullback enough for you to consider cutting your losses, and by the time you know it, it will have already resumed the move and taken you another 50 pips away from your entry. Meaning to quickly scalp a few pips off the market and allowing 70 pips in drawdown is silly and won't get you far, just my 2 cents, take my advice or don't it's your money and it's alllll up to you
Thanks again budy,
I totally agree with you. For all risks there which you named them too, I entered with one third of my normal entry size. Why I entered at first place? "greed" I guess
Yours
  • #42,528
  • Oct 21, 2014 7:02am Oct 21, 2014 7:02am
Quoting lastingwell
{quote}I use this one by Xaphod, you will need also the tdi rt clone in your indicators folder but not on the chart so I've attached it here in case you don't have it already. {file} {file}
Dear LW,
Does this shows higher TF TDI in any TF we wish to have it?
Because I guess "Reeen4" asked if when we are using TDI in D1 or W1, do we need to change the settings?
  • #42,529
  • Edited 7:18am Oct 21, 2014 7:07am | Edited 7:18am
Quoting Kouroushi
{quote} Dear LW, Does this shows higher TF TDI in any TF we wish to have it? Because I guess "Reeen4" asked if when we are using TDI in D1 or W1, do we need to change the settings?
Yes it does, if you go to inputs set the autotimeframe to false if you want another timeframe on the chart other than the next higher, then choose the timeframe you want to see. If you want a few of them then put the indicator on as many times as you want to show. Theres no need to change any other settings.

What I look for is a good "step" up or down on the htf if I am going to take a trade, so if on H1, I need to see the h4 tdi starting to step up or down in the direction I want to enter, along with a good cross for the timeframe I'm on and not too near support/resistance to be able to move to breakeven if necessary.

Bear in mind, don't backtest with it because it will look sometimes like it was moving down/up on the higher timeframe when it wasn't yet, if you want to backtest, do it with this indicator because it locks where the htf tdi was at time for the timeframe you're on.
Attached File(s)
File Type: ex4 TDI-MTF-zz.ex4   5 KB | 478 downloads
  • #42,530
  • Oct 21, 2014 7:21am Oct 21, 2014 7:21am
Another loss for me on EA H1. Not doing very well so far this week...

I went long at LO with what looked to be an A+ setup (Entry on the open of the second blue candle with price rejecting 200MA and TDI Green RSI line crossing red, yellow and 50 line.) Once LO broke above Frankfurt I was fairly confident about the trade. However, price made a very strong move to the downside and I'm not really sure what triggered it. (No High impact news scheduled... )

If anyone can see anything I missed, please enlighten me
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB
Focus on the process and the profits will follow
  • #42,531
  • Oct 21, 2014 7:26am Oct 21, 2014 7:26am
Quoting lastingwell
{quote}I use this one by Xaphod, you will need also the tdi rt clone in your indicators folder but not on the chart so I've attached it here in case you don't have it already. {file} {file}
Thanks Lastingwell!

Ballistical I've been having this happen to me all week. LO fakeout candles maybe? I'd love to be enlightened too!
Learning is all about about asking the right questions!
  • #42,532
  • Oct 21, 2014 8:19am Oct 21, 2014 8:19am
Quoting Ballistical
Another loss for me on EA H1. Not doing very well so far this week... I went long at LO with what looked to be an A+ setup (Entry on the open of the second blue candle with price rejecting 200MA and TDI Green RSI line crossing red, yellow and 50 line.) Once LO broke above Frankfurt I was fairly confident about the trade. However, price made a very strong move to the downside and I'm not really sure what triggered it. (No High impact news scheduled... ) If anyone can see anything I missed, please enlighten me {image}

Price hasn't been able to break through the level where to decided to go long for a while. Overall trend looks to be in a downward direction and also if you look at the red line it's been trending down for some time. I personally only trade when green crosses red but they are both in the same direction. For me, the green crossing red crossing yellow would have been a better signal for a short.
  • #42,533
  • Oct 21, 2014 8:22am Oct 21, 2014 8:22am
CADJPY. Entered on the pullback
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-10-21_19-07-52CADJPY.png Size: 35 KB
Sad i'm not trying to understand PA
  • #42,534
  • Oct 21, 2014 8:34am Oct 21, 2014 8:34am
Quoting omonisha
CADJPY. Entered on the pullback {image}
Hi Omonisha
When you entered TDI didn't have the cross yet? Am I right? did you take it according to lower TF's TDI?
  • #42,535
  • Oct 21, 2014 8:54am Oct 21, 2014 8:54am
Quoting Kouroushi
{quote} Hi Omonisha When you entered TDI didn't have the cross yet? Am I right? did you take it according to lower TF's TDI?
Yes TDI didn't cross. I didn't wait for TDI to to cross. If you look left you will see where the pullback happening [ 2 blue candle ]. And a shallow retrace 38%fib with both TDI green red over MBL.
Sad i'm not trying to understand PA
  • #42,536
  • Oct 21, 2014 9:12am Oct 21, 2014 9:12am
Far from being an excellent trader, but getting better!


Couldn't stay awake at London open. Caught the continuation @ NY for 30 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1.png Size: 232 KB
  • #42,537
  • Edited 9:29am Oct 21, 2014 9:16am | Edited 9:29am
EA +100 pips H4 with D1 tdi. Moved to BE when it hit the demand level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDH421-10.png Size: 25 KB
Click to Enlarge Name: EURAUDH421-10(2).png Size: 16 KB
Click to Enlarge Name: EURAUDH421-10(3).png Size: 22 KB
  • #42,538
  • Oct 21, 2014 9:27am Oct 21, 2014 9:27am
[quote=lastingwell;7814773]EA +100 pips H4 with D1 tdi[/quote
you r the master of EA
EA and me having problem yesterday and today. need more focus when choppy I guess
oil rescued me for 72 green, still leaving lots of pips on the table tho, still learning to let profit running but somehow got distracted from my mouse
Attached Image (click to enlarge)
Click to Enlarge Name: oil M5 Tue 21.10.14 @9am +40, @10am +32.png Size: 88 KB
Appreciation is the key to wealth and happiness
  • #42,539
  • Oct 21, 2014 9:30am Oct 21, 2014 9:30am
Quoting lastingwell
EA +100 pips H4 with D1 tdi. Moved to BE when it hit the demand level. {image} {image} {image}
Nice
Sad i'm not trying to understand PA
  • #42,540
  • Oct 21, 2014 9:37am Oct 21, 2014 9:37am
Dear Fxtrain,
i would like to learn from you abt your indicator ie TMS-Matrix(H1,H4,D1) Stoch(8,3,3), mind to share ?


Quoting fxtrain
Far from being an excellent trader, but getting better! Couldn't stay awake at London open. Caught the continuation @ NY for 30 pips. {image}
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