I wanted to get this group's opinion. Due to lack of free time, I cant trade the lower time frames. I noticed that the daily charts offer very good accuracy rate if one does not enter carelessly. I use stochastic over bought and over sold area and match it with the TDI angle to find relative peak and trough. If trades are not entered carefully, the price can move against me for 100-200 pips before getting into the green territory. But as you can see, stochastic is very helpful in making my trade decisions. The Price point matched up with every stochastic...
Welcome to M30. As per GS said, we are 'young' and active on M30. I can share a bit of my 'young' experience as follows:
- I agree with you that when stoc with TDI used it seem to help, specially if it just moved out of overbought/oversold (80/20 levels) and TDI moved out of 68/32 levels regardless time frame.
- I agree with you trading from D1 is less complicated than lower TF, however, for me it s very hard to handle when seeing my trades retraced 50pips unless I had very small vol placed
- I would try to avoid choppy and retraced areas where both stoc & TDI turned down around oversold ( no sells), and where stoc and TDI turned up around O/bought ( no buys)
I would look at both TDI and stock when TDI signal appeared and TDI and stoc look like what I marked X on the chart (they both turned down around oversold) I would wait as it had no room to move down so it had to move up before it move down again.
- I would look at APB size and its form/shape (not too small (not qualified as confirmed APB) not too large( will retrace)) to qualify our entries as well as per Big E rule is to enter on 1st APB, if 1st APB too small 2nd apb is acceptable.
- PT can be: 1st PT: ATR (7) X 1 , 2nd PT = ATF (7) X 1.5, 3rd ATR(7) X 2. For counter trend, I would take PT = ATR(7) X 1 only.
- SL should be 10pips away from 2nd last APBs.
* Don't worry about adding indicators if it helps you. For me I have AO on my chart to quickly see what momentum the market is at the time I want to place trade and it s quick to see if any divergence forming....
* For others they might not need any more than TDI and levels S/R like weekly/EMAs,....
By the way, AU might be choppy/dive a bit more before it head up from where it is currently sitting as stock is below 20 and TDI has not crossed yet. I noticed that divergence forming but not confirmed yet....If you jumped in at closed of last red APB (if you entered on H4 TDI crossed), it has already moved +100 in your favour, you should expect a retrace before it moves up again.... IMO.
Appreciation is the key to wealth and happiness
... RBA good BS red news 
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