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  • #60,381
  • Sep 8, 2015 3:42am Sep 8, 2015 3:42am
Quoting Alastair
{quote} I have also taken a short on E/U. TDI cross on 1 HR chart.
Are not you scared by H1 uptrend since 2015.09.04?
Just an opinion. Based on research
  • #60,382
  • Sep 8, 2015 3:55am Sep 8, 2015 3:55am
Hello this question is to someone on this thread that trades oil at the present time.

If I were to trade oil with the TDI method on a 4 hour chart what size of stop loss should I be using.
  • #60,383
  • Sep 8, 2015 4:45am Sep 8, 2015 4:45am
GBPUSD M15 +25
Price had stalled on the H1 so dropped down to M15. Price rejected off previous month low (S/R) and the entry APB broke away from the RN. Nice TDI cross with green, red and MBL all heading in the same direction. TP set just below BRN.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB

EURGBP H1 +25
Could be regarded as a late entry. However, the criteria where that price had broken below previous local support and that EURUSD had stalled and GBPUSD was rising thereby pushing price down as EU and GU were in opposition. Again good TDI cross with all lines going in the same direction. TP set to just above RN (nice little earner $per pip)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 34 KB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,384
  • Sep 8, 2015 5:09am Sep 8, 2015 5:09am
Near the same trade with GBPUSD, scalped two lots on 15 min. gained 20
Attached Image (click to enlarge)
Click to Enlarge Name: scalp.jpg Size: 65 KB
"You know what needs to be addressed , completely completely reverse that".
  • #60,385
  • Sep 8, 2015 5:16am Sep 8, 2015 5:16am
Quoting Kmw
Near the same trade with GBPUSD, scalped two lots on 15 min. gained 20 {image}
Keep watching it might do it again before the end of the day
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,386
  • Sep 8, 2015 5:25am Sep 8, 2015 5:25am
Quoting Alastair
{quote} I have also taken a short on E/U. TDI cross on 1 HR chart.
S/L moved to BE.
Keep It Simple Stupid
  • #60,387
  • Sep 8, 2015 5:25am Sep 8, 2015 5:25am
Quoting Lookleft
GBPUSD M15 +25 Price had stalled on the H1 so dropped down to M15. Price rejected off previous month low (S/R) and the entry APB broke away from the RN. Nice TDI cross with green, red and MBL all heading in the same direction. TP set just below BRN. {image} EURGBP H1 +25 Could be regarded as a late entry. However, the criteria where that price had broken below previous local support and that EURUSD had stalled and GBPUSD was rising thereby pushing price down as EU and GU were in opposition. Again good TDI cross with all lines going in the same direction....
Please, can you share your BRN and previous highs&lows indicators?
Just an opinion. Based on research
  • #60,388
  • Sep 8, 2015 5:31am Sep 8, 2015 5:31am
EU TP hit.
I really do not believe it's done Is this TDI cross - just a reversal\retracement at BRN??? I'd never take this conter-trend (blue SR line) at live account.
Ideas?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 45 KB
Just an opinion. Based on research
  • #60,389
  • Sep 8, 2015 5:49am Sep 8, 2015 5:49am
Quoting since80808
EU TP hit. I really do not believe it's done Is this TDI cross - just a reversal\retracement at BRN??? I'd never take this conter-trend (blue SR line) at live account. Ideas? {image}
Well done.
The reasons I didn't take the trade when you did where.
1. Price had been bouncing off YH and 50ema for the duration of the first red APB.
2. DOL was directly below price.
3. There was local S/R (Asian channel) and a rising trend line.
4. The red and green TDI were not heading in the same direction.
To me the trade was too higher risk for the reward but you proved that fortune can favor the brave.
Indicators are BN Levels v1.02 and Daily-Weekly-Monthly Hi-Low4 in the paperclip

Quoting Alastair
{quote} S/L moved to BE.
Manage it well and pay attention to NYO. Watch what UJ does.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,390
  • Sep 8, 2015 6:07am Sep 8, 2015 6:07am
Quoting Lookleft
{quote} Well done. The reasons I didn't take the trade when you did where. 1. Price had been bouncing off YH and 50ema for the duration of the first red APB. 2. DOL was directly below price. 3. There was local S/R (Asian channel) and a rising trend line. 4. The red and green TDI were not heading in the same direction. To me the trade was too higher risk for the reward but you proved that fortune can favor the brave. Indicators are BN Levels v1.02 and Daily-Weekly-Monthly Hi-Low4 in the paperclip {quote} Manage it well and pay attention...
Thank you for your thoughts and links!
Just an opinion. Based on research
  • #60,391
  • Sep 8, 2015 6:07am Sep 8, 2015 6:07am
Quoting Lookleft
{quote} Well done. The reasons I didn't take the trade when you did where. 1. Price had been bouncing off YH and 50ema for the duration of the first red APB. 2. DOL was directly below price. 3. There was local S/R (Asian channel) and a rising trend line. 4. The red and green TDI were not heading in the same direction. To me the trade was too higher risk for the reward but you proved that fortune can favor the brave. Indicators are BN Levels v1.02 and Daily-Weekly-Monthly Hi-Low4 in the paperclip {quote} Manage it well and pay attention...

closed my short. does not seem to be momentum behind it.
Keep It Simple Stupid
  • #60,392
  • Sep 8, 2015 6:54am Sep 8, 2015 6:54am
Quoting Ballistical
{quote} Emmanuel, Thank you for the feedback. I can't see the point in misleading people and/or exaggerating results. I'm here to learn at the end of the day, and if I can help others in the process then even better. I took another loss this morning in an LO whipsaw and am beginning to agree with you and Zef that perhaps my 25 pip SL is a little too aggressive with spread and current volatility. On your second point, I always overlay the OHLC candles on top of my APBs when I trade. I tend to remove them when I create the summary charts to give a...

Hi,

DOTS suggest the trade entry, SL and TP levels.
Today EA is a good example how you can use London Open to trade.
I find the TP levels to be conservative and they get reached often.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 8 Sep DOTS TP_ hit.png Size: 61 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,393
  • Sep 8, 2015 6:59am Sep 8, 2015 6:59am
Quoting don555
{quote} emmanuel what size of stop do you consider to be small ?

hi,

usually when we trade H1, we use the 2xATR(10) for our initial SL.
But when trading the majors - AU, EU and GU, a SL of about 30 pips on H1 is possible when we pick the setup with good price momentum and timing well.
For the EURxxx and GBPxxx, a SL of between 50pips to 100pips will work most of the time.


Note: H4 requires larger SL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,394
  • Sep 8, 2015 7:25am Sep 8, 2015 7:25am
Quoting emmanuel7788
{quote} Hi, I was happy trading COWABUNGA on day chart for many years. But I am happier now trading with just the Fozzy-RSI which is actually what the TDI is. I get more trades in one week trading 4H swing trading and also better position trades using Day chart. The key is to have a disciplined Money Management strategy to build the system. Just put more weight in looking for Price Action at Support and Resistance aka PASR as the trade set upsand using the TDI or Fozzy-RSI to help look and confirm the Momentum in the Price Action. The other key...
Thank you, Big Emm!
  • #60,395
  • Sep 8, 2015 7:33am Sep 8, 2015 7:33am
can someone please tell me that why shorting this pair was not a good idea? the price bounced at the 50ema on h1

Quoting Lookleft
GBPUSD M15 +25 Price had stalled on the H1 so dropped down to M15. Price rejected off previous month low (S/R) and the entry APB broke away from the RN. Nice TDI cross with green, red and MBL all heading in the same direction. TP set just below BRN. {image} EURGBP H1 +25 Could be regarded as a late entry. However, the criteria where that price had broken below previous local support and that EURUSD had stalled and GBPUSD was rising thereby pushing price down as EU and GU were in opposition. Again good TDI cross with all lines going in the same direction....
can you please tell me which indicators you are using for RN
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 108 KB
Come tomorrow, I'll wake up new
  • #60,396
  • Sep 8, 2015 8:18am Sep 8, 2015 8:18am
Quoting gsbharaj
can someone please tell me that why shorting this pair was not a good idea? the price bounced at the 50ema on h1 {quote} can you please tell me which indicators you are using for RN {image}
Hi
RN indicator is BN Levels v1.02 in the paperclip.
Your trade was against a bullish move since Asian Open and in conflict with H4 which was also bullish. If you want to take that sort of trade drop down to the M15 and see if it has any potential.
cheers
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,397
  • Sep 8, 2015 8:34am Sep 8, 2015 8:34am
NZDUSD H1 +25
Missed the entry this morning so waited for the retrace. Entered after the break of the BRN and the usual NY move. TP set below previous S/R to the left.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,398
  • Sep 8, 2015 8:35am Sep 8, 2015 8:35am
GNPAUD-M30..
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-09-08_19-32-07GBPAUD-M30.png Size: 35 KB
Sad i'm not trying to understand PA
  • #60,399
  • Sep 8, 2015 9:07am Sep 8, 2015 9:07am
took profit on eurgbp +30 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
Come tomorrow, I'll wake up new
  • #60,400
  • Sep 8, 2015 9:28am Sep 8, 2015 9:28am
I enter on next candle, after that red, and TDI green line cross ride line, but this is false signal... Why? What im doing wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 248 KB
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