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Lower risk, stress free TDI system

  • #921
  • May 16, 2016 2:01pm May 16, 2016 2:01pm
Hi Paulccc

If you go back on the 4hr chart to the 22/04/16 there is some resistance I think I would wait to see what happens here first

Regards
kev
  • #922
  • May 16, 2016 2:03pm May 16, 2016 2:03pm
Quoting sevan62
{quote} It is a strong 3 times tested resistance level & 200EMA on D1 just above the current price.
thanks for the input !

how would you consider this trade ? wait untill next days untill the bull gathers momentum or enter if it breaks strongly through the 200 ema ?
  • #923
  • May 16, 2016 2:04pm May 16, 2016 2:04pm
Did somebody entered the trade on GPB/USD on D1 chart?
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  • #924
  • May 16, 2016 2:12pm May 16, 2016 2:12pm
Hi Paulccc

I think I would wait until it cleared 9850 where it is just above the daily 200sma and where price supported

regards
kev
  • #925
  • May 16, 2016 2:14pm May 16, 2016 2:14pm
hei kev, just saw your reply.

mine are taking a bit longer because they need to be checked.

thanks for making it clear .

regards , PAUL
  • #926
  • May 16, 2016 2:41pm May 16, 2016 2:41pm
Quoting paulccccc
{quote} thanks for the input ! how would you consider this trade ? wait untill next days untill the bull gathers momentum or enter if it breaks strongly through the 200 ema ?
Below is my observation based on D1 TF.
I can't give a clear answer because on one hand just now i see a strong resistance on D1 but on another hand it looks like a valid entry according to Mehdi's rules. I don't think that the resistance can be broken till the end of today. So if resistanse would be broken at the close of tomorrow and if tomorrow close price is above 9830 it will look as a perfect entry from the point of PA but it would be too late to enter according to Mehdi's rules. Or maybe not too late as it is a great potential to move up as double bottom is confirmed.
If you are trading clear according to Medhi's rules you shouldn't pay attention to support/resistance levels. He looks only at Stoch & RSI, their angle steepness and it gives him an answer of how the price would or not break these levels. Unfortunately I'm not as much experienced as Mehdi.

Asuming all imho you may consider entering just now as a agressive trade and entering at the end of tomorrow as a conservative trade.
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BR, alex
  • #927
  • May 16, 2016 2:48pm May 16, 2016 2:48pm
Quoting Mbt
Did somebody entered the trade on GPB/USD on D1 chart? {image}
​Yes, GU, EU and NU.
  • #928
  • May 16, 2016 3:17pm May 16, 2016 3:17pm
Quoting GDayMates
{quote} ​Yes, GU, EU and NU.
EU short on D1 (Method#1) is definitely wrong entry.
1. Price is above EMA200
2. Stoch is about 40 i.e. not below 20
3. Up trend on D1 is not broken.
BR, alex
  • #929
  • May 16, 2016 4:30pm May 16, 2016 4:30pm
Quoting sevan62
{quote} EU short on D1 (Method#1) is definitely wrong entry. 1. Price is above EMA200 2. Stoch is about 40 i.e. not below 20 3. Up trend on D1 is not broken.
​I stand corrected. It was a method 2, but I see now from post number 1 post method 2 is for H4 only. Thank you for the clarification.

As far as the 200 MA, the only mention I have seen is when Mehdi showed it right above as a reason to pass on a long trade. I don't believe it has been stated only long above and only short below.

GDayMates
  • #930
  • May 16, 2016 6:11pm May 16, 2016 6:11pm
Good night Mehdi, last week went very well, but today I lost three trades, can you tell me where I went wrong? Thank you very much.

GBP/NZD -77 pips (I could have left earlier?)
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GBP/USD -35 pips
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USD/CAD -50 pips
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  • #931
  • May 16, 2016 9:05pm May 16, 2016 9:05pm
Quoting Scrambleguy
{quote} are you still in GN & EN? not looking good at mo
SL hit on GN -97

EN closed manually for -26 and it moved down after my close... Lol
  • #932
  • May 16, 2016 9:10pm May 16, 2016 9:10pm
Quoting sevan62
{quote} Below is my observation based on D1 TF. I can't give a clear answer because on one hand just now i see a strong resistance on D1 but on another hand it looks like a valid entry according to Mehdi's rules. I don't think that the resistance can be broken till the end of today. So if resistanse would be broken at the close of tomorrow and if tomorrow close price is above 9830 it will look as a perfect entry from the point of PA but it would be too late to enter according to Mehdi's rules. Or maybe not too late as it is a great potential to...
We should be aware of supports and resistances depending on their significance.
Some like the 200 sma is significant indeed.
The angle of the green line is not encouraging either.

I will wait and watch
Live life king size !
  • #933
  • May 16, 2016 9:25pm May 16, 2016 9:25pm
Nice strat mehdi, learnt a lot and applied it
  • #934
  • May 16, 2016 10:14pm May 16, 2016 10:14pm
Quoting Saripefx
Good night Mehdi, last week went very well, but today I lost three trades, can you tell me where I went wrong? Thank you very much. GBP/NZD -77 pips (I could have left earlier?) {image}{image} GBP/USD -35 pips {image} USD/CAD -50 pips {image}{image}
same here, last week was somewhat alright but this week all of my trades with this strategy have been loosers and that's frustrating. Maybe mehdi can put some light towards it.
  • #935
  • May 16, 2016 10:35pm May 16, 2016 10:35pm
Quoting Saripefx
Good night Mehdi, last week went very well, but today I lost three trades, can you tell me where I went wrong? Thank you very much. GBP/NZD -77 pips (I could have left earlier?) {image}{image} GBP/USD -35 pips {image} USD/CAD -50 pips {image}{image}
Buddy, why did you hand over all those pips to your dealer ?
Stop loss is for safety against irrational moves and unprecedented losses.
Does not mean you have to wait till it is hit.
You may want to observe periodically and see if your trade is moving right.
You may act if you feel it is not going well.
Live life king size !
  • #936
  • May 17, 2016 12:20am May 17, 2016 12:20am
Hi All;

Only 2 trades (AU and AJ) yesterday. And gains 30 pips.
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Mehdi's System is very great. But i add another filter:
1. Candle Directions
2. Currency strength.

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At the beginning of the day, I set Currency strength with 4H TF and when NY Opens, set with 30M TF.

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When Method 1 and/or Method 2 signals come, check the currency strength and the candle directions before open trade(s).

I develop Manual EA (just button BUY and SELL).
Attached File(s)
File Type: rar TDI_EA.rar   513 KB | 1,114 downloads


Ghoul007

PS:
BSR (Buy-Sell Ratio stil not code into EA)
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We are not going to play a winning hand every day
  • #937
  • May 17, 2016 12:32am May 17, 2016 12:32am
Many opportunities today.
  • #938
  • May 17, 2016 1:27am May 17, 2016 1:27am
Quoting Ghoul007
Hi All; Only 2 trades (AU and AJ) yesterday. And gains 30 pips. {image} {image} Mehdi's System is very great. But i add another filter: 1. Candle Directions 2. Currency strength. {image} At the beginning of the day, I set Currency strength with 4H TF and when NY Opens, set with 30M TF. {image} When Method 1 and/or Method 2 signals come, check the currency strength and the candle directions before open trade(s). I develop Manual EA (just button BUY and SELL). {file} Ghoul007 PS: BSR (Buy-Sell Ratio stil not code into EA) {image}
Ghoul, can you please share your 2 filters?
Thx
Trading is all about Flexible Thinking
  • #939
  • May 17, 2016 2:21am May 17, 2016 2:21am
Quoting pundit78
{quote} SL hit on GN -97 EN closed manually for -26 and it moved down after my close... Lol
easy to say in hindsight but looking at the GN there was significant support 2.11000 which had to be broken ( which didn't ) I am surprised Mehdi thought this was good too. En looked weaker and took that for +37
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  • #940
  • May 17, 2016 2:34am May 17, 2016 2:34am
EURCAD hit 14 pips with fixed lots set.

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ghoul
We are not going to play a winning hand every day
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