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Trading Made Simple

  • #47,001
  • Dec 16, 2014 2:52pm Dec 16, 2014 2:52pm
Quoting TheScorpS
{quote} So mush difficult to trade LO when ur time zone is ur sleeping time, I happened to be where LO prints at 11 a.m. and NYO prints at 4 p.m. my local time, hope u find a way thats comfortable enough to trade LO

Then it's settled.... I'm moving to your house.

Looks like EJ & GJ have decided not to wait for the AO / LO to start their move back down....
  • #47,002
  • Dec 16, 2014 2:54pm Dec 16, 2014 2:54pm
Quoting TheScorpS
{quote} So mush difficult to trade LO when ur time zone is ur sleeping time, I happened to be where LO prints at 11 a.m. and NYO prints at 4 p.m. my local time, hope u find a way thats comfortable enough to trade LO
my LO is exactly 0000 hours and NY exactly 600 hours i should be able to wake up during NY, but often times i was up until 200-300 hours because of LO
sometimes i really wish i'm trading from Asia...then again i would not give up Vancouver..
Daniel
  • #47,003
  • Dec 16, 2014 2:54pm Dec 16, 2014 2:54pm
Quoting sknight1
{quote} Then it's settled.... I'm moving to your house. Looks like EJ & GJ have decided not to wait for the AO / LO to start their move back down....
i rather wait for LO, or ill be over trading XD plenty of greeniessssss
Daniel
  • #47,004
  • Dec 16, 2014 3:02pm Dec 16, 2014 3:02pm
Quoting Greenb
{quote} i rather wait for LO, or ill be over trading XD plenty of greeniessssss

What is "XD"???? Gold?
  • #47,005
  • Dec 16, 2014 3:05pm Dec 16, 2014 3:05pm
Quoting TheScorpS
{quote} So mush difficult to trade LO when ur time zone is ur sleeping time, I happened to be where LO prints at 11 a.m. and NYO prints at 4 p.m. my local time, hope u find a way thats comfortable enough to trade LO
I live just outside of London and some times I wish LO was in the evening, My day just gets filled with other stuff and I up missing the action.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #47,006
  • Dec 16, 2014 3:17pm Dec 16, 2014 3:17pm
Quoting sknight1
{quote} What is "XD"???? Gold?
no offence but that would be cultural/age/generation gap in a way haha
Attached Image
Daniel
  • #47,007
  • Dec 16, 2014 3:21pm Dec 16, 2014 3:21pm
Quoting Greenb
{quote} no offence but that would be cultural/age/generation gap in a way haha {image}

Ah-ha...! No offense taken. Might be more culural than age.... I'm 44 years old so, I usually get the jokes.
  • #47,008
  • Dec 16, 2014 3:23pm Dec 16, 2014 3:23pm
Quoting sknight1
{quote} Ah-ha...! No offense taken. Might be more culural than age.... I'm 44 years old so, I usually get the jokes.
i'm assuming I'm the youngest one on here at 25, years end. haha
Positive anything is better than negative thinking.- Elbert Hubbard
  • #47,009
  • Dec 16, 2014 3:24pm Dec 16, 2014 3:24pm
Quoting nods80
{quote} I live just outside of London and some times I wish LO was in the evening, My day just gets filled with other stuff and I up missing the action.

You could try focusing on the NYO. That would be, what....? 2pm in London? I'd love to "work" for a couple of hours a day between 2-4pm.
  • #47,010
  • Dec 16, 2014 3:25pm Dec 16, 2014 3:25pm
I didn't know if EJ was a setup since I do not have the charts open but it seems that it just dropped 70 pips. did anyone take a trade? or did it not look good.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #47,011
  • Dec 16, 2014 3:28pm Dec 16, 2014 3:28pm
Quoting redcloudxlll
I didn't know if EJ was a setup since I do not have the charts open but it seems that it just dropped 70 pips. did anyone take a trade? or did it not look good.
From top to bottom EJ dropped 130 pips. GJ dropped almost 200 pips.

I wasn't in it, but a TDI cross had not occurred. The TDI has crossed now but, both are down at the bottom of their 4H channels again. I'll wait and see if the TDI gives a long signal in the next couple of hours.
  • #47,012
  • Dec 16, 2014 3:32pm Dec 16, 2014 3:32pm
Quoting sknight1
{quote} From top to bottom EJ dropped 130 pips. GJ dropped almost 200 pips. I wasn't in it, but a TDI cross had not occurred. The TDI has crossed now but, both are down at the bottom of their 4H channels again. I'll wait and see if the TDI gives a long signal in the next couple of hours.
Thanks SK. I'm just browsing charts on my phone so I didn't want to risk it. once I get home I'll look into setups. maybe do the 10pm Pacific 1AM NY time. for me like Big e used to trade and give it a try. I'm sure I can find a nice little setup somewhere there. have to definitely change my sleeping pattern.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #47,013
  • Dec 16, 2014 3:34pm Dec 16, 2014 3:34pm
Quoting sknight1
{quote} Ah-ha...! No offense taken. Might be more culural than age.... I'm 44 years old so, I usually get the jokes.
i'm just about 1/2 your age + a bit (26) and even now i have a few friends that are 19-22 and their lingo confuses me.
that said...we missed the train yet again...GJ just went down =.=
Daniel
  • #47,014
  • Dec 16, 2014 3:39pm Dec 16, 2014 3:39pm
Quoting redcloudxlll
{quote} Thanks SK. I'm just browsing charts on my phone so I didn't want to risk it. once I get home I'll look into setups. maybe do the 10pm Pacific 1AM NY time. for me like Big e used to trade and give it a try. I'm sure I can find a nice little setup somewhere there. have to definitely change my sleeping pattern.

Here's some info for how to put a TDI indicator on your cell phone chart. I picked this up from this thread a long time ago. It's not exactly like what you'll see on your computer chart but, it's pretty darn close. I'll include a jpeg of what the cell phone image will look like. The black background chart is what the TDI indicator looks like on my iphone, the white one is from someone else's posted long ago.

----------------------

You can replicate the TDI using any platform provided RSI indicator.

Here is how to do it.

How to replicate the TDI using the standard RSI indicator.

The Traders Dynamic Index aka TDI is actually 3 moving averages of the RSi data.

The default parameters are: the TDI Price Line PL green line is a SMA(2) of the RSI(period 13, Close Price). Then the TDI Trade Signal Line red line is a SMA(7) of the PL green line. The TDI Market Base Line MBL yellow line is a SMA 34 period of the PL green line.

You can replicate these using the platform’ standard RSI indicator:

Steps:

1. Create RSI in a new window. Set the parameters to Period 13 and use the Close Price, and set the color to None, this will not show the RSI line.

2. Select and drag the Moving Average indicator into the sub-window as the RSI. Set the MA period to 2, Simple, Close, color = Green, and the most important last parameter is to, Apply to = Previous Indicator's Data.

3. Select and drag the Moving Average indicator into the same sub-window as the RSI. Set the MA period to 7, Simple, Close, color = Red, and the most important last parameter is to, Apply to = Previous Indicator's Data.

4. Select and drag the Moving Average indicator into the same sub-window as the RSI. Set the MA period to 34, Simple, Close, color = Yellow, and the most important last parameter is to, Apply to = Previous Indicator's Data.

Note: all three settings must be Apply to = Previous Indicator's Data.

The above setup should now show the TDI replicated with these default parameters:

RSI_Period = 13
RSI_Price = 0
RSI_Price_Line = 2
RSI_Price_Type = 0
Trade_Signal_Line = 7
Trade_Signal_Type = 0
Market Base Line = 34
Market Base Line Type =0
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  • #47,015
  • Dec 16, 2014 3:44pm Dec 16, 2014 3:44pm
Quoting Greenb
{quote} i'm just about 1/2 your age + a bit (26) and even now i have a few friends that are 19-22 and their lingo confuses me. that said...we missed the train yet again...GJ just went down =.=

It gets even worse as you hit your 40's...!!! You'll feel like you're on another planet when you're around 19-22 year olds when you're in your 40's. lol

EJ went down along with GJ. I refuse to chase it though. I want to be in front of price action, anticipating what it is likely to do, waiting for it to start happening, and then finding an entry.
  • #47,016
  • Dec 16, 2014 3:51pm Dec 16, 2014 3:51pm
Thanks SK. Got it. Now i can get trades while at work. :-). Don't mind the battery that's what looking at all these charts have done. I can't wait to place my first trade using this system.
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Positive anything is better than negative thinking.- Elbert Hubbard
  • #47,017
  • Dec 16, 2014 3:54pm Dec 16, 2014 3:54pm
Quoting redcloudxlll
Thanks SK. Got it. Now i can get trades while at work. :-) {image}

Bwa-haaaaa !!!! Awesome !
  • #47,018
  • Dec 16, 2014 3:54pm Dec 16, 2014 3:54pm
Intriguing.... EJ & GJ daily TDI's have crossed below the 50 line.
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  • #47,019
  • Dec 16, 2014 3:56pm Dec 16, 2014 3:56pm
Quoting sknight1
Intriguing.... EJ & GJ daily TDI's have crossed below the 50 line. {image}
It's too late to trade them though. It's risky isn't it.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #47,020
  • Dec 16, 2014 4:04pm Dec 16, 2014 4:04pm
Quoting sknight1
Intriguing.... EJ & GJ daily TDI's have crossed below the 50 line. {image}
same here, not chasing...ill wait for LO-2 at least.

Quoting redcloudxlll
{quote} It's too late to trade them though. It's risky isn't it.
eh risk = reward in some cases. in this case ill wait for an entry later. no point in hurrying. theres always a new setup everyday
Daniel
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