entered AJ saw hidden divergent for a continuation down.comment welcome
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- #12,982
- Apr 1, 2016 6:09am Apr 1, 2016 6:09am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
{quote} It's interesting to hear that, Kminler. Is DM happened to be working for a broker too?
Thanks for bringing it up and it 's good to make it clearer for those who are new here.
oh dear! DM
the cautious seldom err....C
- #12,984
- Apr 1, 2016 6:38am Apr 1, 2016 6:38am
{quote} It's interesting to hear that, Kminler
- #12,985
- Apr 1, 2016 6:46am Apr 1, 2016 6:46am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
entered AJ saw hidden divergent for a continuation down.comment welcome {image}
Appreciation is the key to wealth and happiness
- #12,986
- Apr 1, 2016 6:52am Apr 1, 2016 6:52am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} Yes he worked and I think still works for Compass Fx. Back in the day I was in his trade room, he traded the NY open on the 15 minute time frame and made money every day and ran the trade room, answered questions at the same time. I was always amazed at his patience with lazy newbies. Also amazed at his trading skills, which I think were what made it possible for him to do use TDI and do so well trading the tough NY open.
, only know what I know so far from what I ve learnt from those super traders in ff and my experience
, I am open to learn more.{quote} also just noticed there is actually an AB = CD landing on the support point too. pity i have to go out now, or i would be keeping an eye on this...........
, currently still no sign for going long yet even though TDI is crossing up but bull APBs not ready. BTW, AU looks like it still has some business to do in the North, watching...
Appreciation is the key to wealth and happiness
- #12,987
- Apr 1, 2016 7:15am Apr 1, 2016 7:15am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #12,988
- Apr 1, 2016 7:59am Apr 1, 2016 7:59am
[quote=likica;8847692]{quote} Did you learn a lot while in trading room then? Hope you could be generous to share...obviously I am not the inventor of the method so some secrets have not been discovered by me, only know what I know so far from what I ve learnt from those super traders in ff and my experience, I am open to learn more.
I am more than willing to share, unfortunately yourself and other seniors here already have a really sound grasp of TDI.
What I learned was that I was not skilled enough/fast enough to trade the NY 15 min time frame.
I learned that the TDI system is not enough by itself to make you a successful trader.
Dean used everything, price action,S/R, traditional patterns, was always aware of fundamental news releases.
He could see and understand the market at a glance and was always quick to credit his mentors for his trading skills.
One thing his mentors taught him was to always enter on a pending order so he could get the market to pay for the spread in those days the Euro spread was 3 pips or better, he would open the New order window and set the pending order based on what the tic chart was doing in that window. Very few trades ever ran away from him.
Not everything he did is suitable for those of us less skilled, he would sometime "trade out of" losing position either by hedging or by doubling down when the trade turned back in his favor.
Also as so many here have recommended he traded small, if memory serves he had a $32,000 account was trading one lot. Also not going for big profits.
Bottom line you need the complete traders tool kit and it sure helps to have been trained in the spot market.
When I get back to Canada I will look for my notes and see if I can find some more concrete and useful details.
, only know what I know so far from what I ve learnt from those super traders in ff and my experience, I am open to learn more. I am more than willing to share, unfortunately yourself and other seniors here already have a really sound grasp of TDI.
What I learned was that I was not skilled enough/fast enough to trade the NY 15 min time frame.
I learned that the TDI system is not enough by itself to make you a successful trader.
Dean used everything, price action,S/R, traditional patterns, was always aware of fundamental news releases.
He could see and understand the market at a glance and was always quick to credit his mentors for his trading skills.
One thing his mentors taught him was to always enter on a pending order so he could get the market to pay for the spread in those days the Euro spread was 3 pips or better, he would open the New order window and set the pending order based on what the tic chart was doing in that window. Very few trades ever ran away from him.
Not everything he did is suitable for those of us less skilled, he would sometime "trade out of" losing position either by hedging or by doubling down when the trade turned back in his favor.
Also as so many here have recommended he traded small, if memory serves he had a $32,000 account was trading one lot. Also not going for big profits.
Bottom line you need the complete traders tool kit and it sure helps to have been trained in the spot market.
When I get back to Canada I will look for my notes and see if I can find some more concrete and useful details.
- #12,990
- Apr 1, 2016 8:39am Apr 1, 2016 8:39am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
GJ H4 - look'n ok - in wit 4 tickets [double entry] - 1 ticket hit 
- BE play .....
- BE play .....
- #12,991
- Apr 1, 2016 8:50am Apr 1, 2016 8:50am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
GU H4 - same build - double entry [1 & 3 play] - BE play
GU H4 - same build - double entry [1 & 3 play] - BE play
I entered this on m30 yesterday but was too greedy with my stop loss and got stopped out [wanted to get better RR], i think the stop loss should have been above the swing high [as it was counter trade] but i really thought i would be alright setting it lower,
i think i spotted divergances on m30, as well as h4 which promted me to enter
IIRC the time i entered was not in the prime tms trading hours though
i did think though that if this trade worked price would shoot down a fair way and it seemed like it did.
how are you setting your take profits for this trade and the other one?
- #12,994
- Apr 2, 2016 9:33am Apr 2, 2016 9:33am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #12,995
- Apr 2, 2016 9:37am Apr 2, 2016 9:37am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #12,996
- Apr 2, 2016 9:38am Apr 2, 2016 9:38am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
GU H4 - same build - double entry [1 & 3 play] - BE play
very nice Griffin! keep going
In trading, you have to be defensive and aggressive at the same time
- #12,997
- Apr 2, 2016 12:38pm Apr 2, 2016 12:38pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Just wanted to share the moments when I fooled around with PA, for those who wish to learn from my trades that failed when emotion taking over (no logical decision made
). Don't ask why, just observe price actions where I marked HH LL etc.
Beside that, you will learn how to use stochastic Div /Hidden Div with TDI crosses provided the right PA (all marks on the charts for those who are not good at reading PA)
). Don't ask why, just observe price actions where I marked HH LL etc.Beside that, you will learn how to use stochastic Div /Hidden Div with TDI crosses provided the right PA (all marks on the charts for those who are not good at reading PA)
Appreciation is the key to wealth and happiness
- #12,999
- Apr 2, 2016 10:25pm Apr 2, 2016 10:25pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} I entered this on m30 yesterday but was too greedy with my stop loss and got stopped out [wanted to get better RR], i think the stop loss should have been above the swing high [as it was counter trade] but i really thought i would be alright setting it lower, i think i spotted divergances on m30, as well as h4 which promted me to enter IIRC the time i entered was not in the prime tms trading hours though i did think though that if this trade worked price would shoot down a fair way and it seemed like it did. how are you setting your...
.... its a fine art to avoid the wicks dats y i have the close line [] on my chart thought i would be alright setting it lower - sure u r using 1 method but each trade is not the same - i only react 2 wat i see
how are you setting your take profits - best guess - they were both kinda ranging like davit describe so took some PT near bottoms and left some runners ....
- #13,000
- Apr 2, 2016 11:12pm Apr 2, 2016 11:12pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
Just wanted to share the moments when I fooled around with PA, for those who wish to learn from my trades that failed when emotion taking over (no logical decision made
.... dis is my take on it.....
