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Trading Made Simple

  • #50,721
  • Jan 21, 2015 4:03pm Jan 21, 2015 4:03pm
Quoting montego
{quote} Hi SJ thanks but I have that on my chart, but it looks like its never been that low so it doesn t really help, sorry I don't understand what your trying to tell me I can never find these daily setups and ive looked at this one and thought there was no room, just wondered if I had got it right or I am being to fussy ? hence why I cant seem to find these trades, the only thing I can think of is wait until the support line/grey bar disappears ? then look at tdi again, many thanks m {image}
Hey montego, when it does not look like there is another low on your chart (to the left) keep dialling up the TFs until you do see another low - keep panning back... on AU go to the W TF and pan back - there to the left (June `10) you will see the pivot low

If this fails and you can only see a low then either you do not have enough data or you should go short
  • #50,722
  • Jan 21, 2015 4:07pm Jan 21, 2015 4:07pm
Quoting redcloudxlll
{quote} You would need to have two installs of Metatrader or you can always extend the metatrader window into both monitors and setup your charts that way. Sorry for the drawings, i closed quick before giving any profits back to the market. I opened using the TDI alignment on the H4. at 179.21 and closed at 177.65, My Target was the adr at 177.80, with the news it went right passed it I just closed trade right away. I took a risk and put my stops at break even when the news came out it happened to go my direction. I'm also new at trading trying...
Hi there Red,

Are you using the V.4 of DOTS? Or are you using the V3? It seems a great indi but I cant get it loaded. I followed the Compassfx instructions to the letter. Thanks!
  • #50,723
  • Edited 4:37pm Jan 21, 2015 4:16pm | Edited 4:37pm
Quoting sknight1
{quote} Nothing but losses yesterday. And, just now stopped on a UJ long attempt as it shot down.
SK, did you end up shorting it? I call this the Tom Cruise candle pattern ... for obvious reasons ... LOL!
  • #50,724
  • Jan 21, 2015 4:18pm Jan 21, 2015 4:18pm
Quoting stevepatt
AUD/USD D1 Short I know I'm not using the TDI but what I have on my chart is what the TDI represents. I need to see the Candles clearly so I'm using the Heiken Ashi Histogram so I can see the HA colour. I've also got the RSI set to 13 but I don't really need it. {image}
Thanks for sharing, Steve. Always a pleasure to see your outlook. As always a joy for the eye, and so well organized.
MY SITTING, NEVER MY THINKING!
  • #50,725
  • Jan 21, 2015 4:18pm Jan 21, 2015 4:18pm
FXCM is raising margins. hmmm.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 28 KB
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,726
  • Jan 21, 2015 4:20pm Jan 21, 2015 4:20pm
Quoting rupasi
{quote} Hi there Red, Are you using the V.4 of DOTS? Or are you using the V3? It seems a great indi but I cant get it loaded. I followed the Compassfx instructions to the letter. Thanks!
I'm using the V3. I do have the V4 that was posted yesterday. I just started using the template that has the Guppy. I wanted to try and get a Day trade in using it. Keeping my fingers crossed
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,727
  • Jan 21, 2015 4:25pm Jan 21, 2015 4:25pm
I used the Guppys to enter these two trades today at AO Short GJ EJ. I did not use TDI except with GJ. I also have a gut feeling the XJ's will drop a good amount building up to tomorrow. The EJ, I see dropping substantially also once the news breaks. I doubt I'll be in the market for it since I was affected last week by the Swiss.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 71 KB
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,728
  • Jan 21, 2015 4:27pm Jan 21, 2015 4:27pm
Quoting redcloudxlll
FXCM is raising margins. hmmm. {image}
Thanks Red! So long as they keep announcing red news/events/meetings etc as per usual business practice there is no problem - we are traders not gamblers right?
  • #50,729
  • Jan 21, 2015 4:30pm Jan 21, 2015 4:30pm
Quoting griffinssoul
{quote} Thanks Red! So long as they keep announcing red news/events/meetings etc as per usual businesses practice there is no problem - we are traders not gamblers right?
Absolutely, I'm here to be profitable everyday not every other day. I just see it being negative across the board and the pairs finding it's way to the downside specially the Euro pairs.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,730
  • Jan 21, 2015 4:32pm Jan 21, 2015 4:32pm
Quoting redcloudxlll
{quote} I'm using the V3. I do have the V4 that was posted yesterday. I just started using the template that has the Guppy. I wanted to try and get a Day trade in using it. Keeping my fingers crossed
Did you have to register to use the template? I have it installed but no dots showing... Wondering if I should just try the V3.
  • #50,731
  • Jan 21, 2015 4:46pm Jan 21, 2015 4:46pm
Quoting rupasi
{quote} Did you have to register to use the template? I have it installed but no dots showing... Wondering if I should just try the V3.
I couldn't get V4 to come up like V3. So I'm not sure if it's because I'm not a member. I haven't really tried to figure it out.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,732
  • Jan 21, 2015 4:46pm Jan 21, 2015 4:46pm
Quoting redcloudxlll
I used the Guppys to enter these two trades today at AO Short GJ EJ. I did not use TDI except with GJ. I also have a gut feeling the XJ's will drop a good amount building up to tomorrow. The EJ, I see dropping substantially also once the news breaks. I doubt I'll be in the market for it since I was affected last week by the Swiss. {image}
Red, do you mean the PAC - i cant see the guppys on your charts - you may well have them setup on other ones
  • #50,733
  • Jan 21, 2015 4:50pm Jan 21, 2015 4:50pm
Quoting griffinssoul
{quote} Red, do you mean the PAC - i cant see the guppys on your charts - you may well have them setup on other ones
I have other charts. But the ones I post are my favorite one and I'm still trying to figure them out TDI, PAC APB, etc.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,734
  • Jan 21, 2015 4:53pm Jan 21, 2015 4:53pm
Quoting redcloudxlll
{quote} I have other charts. But the ones I post are my favorite one and I'm still trying to figure them out TDI, PAC APB, etc.
  • #50,735
  • Edited 6:16pm Jan 21, 2015 5:07pm | Edited 6:16pm
NJ - giving me good vibrations - classic move down on D1 time for a correction ya reckon mate... watching

GN - (local) correlation with NJ - same reasons - 1H div (also a weaker one on NJ) - i'm feeling the love baby... OOOoooh baby!

Nah, ill take a pass for now... i didnt get the 4H support i was looking/hoping for ... keep watching...

Short & long traps everywhere... oh, another one of those days hey... wiseguy hey!... LOL! Trade Safe
  • #50,736
  • Jan 21, 2015 5:26pm Jan 21, 2015 5:26pm
Quoting emmanuel7788
EURAUD 20 Jan H1: No H1 trade today at LO. Previous Day was an Inside Bar, this will be opportunity for tomorrow D chart trading. {image}
http://www.forexfactory.com/attachme...1&d=1421759052

Trading the Day chart and the 19 Jan Day Inside Bar.
That IB breakout did not happen on 20 Jan as the Day candle was a Doji.
Yesterday was a nice breakout with the market reaction to ECB announcement.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 04 Day IB breakout.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,737
  • Jan 21, 2015 5:36pm Jan 21, 2015 5:36pm
GBP/USD D1 Bearish Setup
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 21st Jan 15 GBP:USD W1 Chart.png Size: 134 KB
Click to Enlarge Name: 21st Jan 15 GBP:USD D1 Chart.png Size: 94 KB
  • #50,738
  • Jan 21, 2015 6:08pm Jan 21, 2015 6:08pm
Quoting stevepatt
GBP/USD D1 Bearish Setup {image} {image}

Hi Steve,

My D-chart view. Market has been in consolidation range for many days and I have one historical major price swing level 1.51619 on my chart.
The BRN is 1.5100 and I wait for a D candle breakout of that high 1.52683 or to low 1.50736.
On the D chart, the TDI had been in the extreme level 32 and this make it useless to consider for any trade decision in this market type.
The TDI Green PL and Red TSL only show the relative momentum of two periods. I will look at the 20-day momentum and compare this with the TDI PL Green.
Red. When I see an increasing 20-day momentum, it will help me pick a high probability D chart breakout move.

Edit:
When trading higher TFs like D1 and W1, you can also consider adding levels 20, 40, 60 and 80 to replace the 32 and 68 levels.


regards,

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD D chart trading.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,739
  • Jan 21, 2015 6:24pm Jan 21, 2015 6:24pm
GBPJPY D chart followup.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY week 04 D chart reversal or pullback.png Size: 55 KB


We saw a bullish day on 20 Jan.
What do you see now? a reversal or just a price pull back in a downtrend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,740
  • Jan 21, 2015 6:25pm Jan 21, 2015 6:25pm
Quoting redcloudxlll
{quote} I couldn't get V4 to come up like V3. So I'm not sure if it's because I'm not a member. I haven't really tried to figure it out.
Thanks Red. I'll see what I can find out and pass on to everyone. In the meantime, can you post V3? Appreciate it.
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