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Lower risk, stress free TDI system

  • #1,661
  • May 29, 2016 3:19pm May 29, 2016 3:19pm
GG Trendbar,, lower right corner. A quick ref for the MTF that works on SAR and ADX making sure that 1H 4H and 1D are all in line A quick ref for the MTF that works on SAR and ADX making sure that 1H 4H and 1D are all in line
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
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File Type: ex4 GG-TrendBar.ex4   6 KB | 391 downloads
  • #1,662
  • May 29, 2016 3:31pm May 29, 2016 3:31pm
Quoting Scrambleguy
{quote} Trying to watch 28 pairs for newbies is a mistake in my humble opinion, that is a task and a half for an experienced trader too. I tried that but found it all to confussing as it is good to know how a pair moves etc. If your trading the h1 set ups there's more than enough in a few pairs each week. it seems people are trying to run before they can walk.
Yeah no kidding, the major pairs (with the lowest spreads) is all you really need.

I have a few favorites I trade and pretty much ignore the rest.
Trade with confidence, trade without fear.
  • #1,663
  • May 29, 2016 4:14pm May 29, 2016 4:14pm
Quoting Scrambleguy
{quote} Trying to watch 28 pairs for newbies is a mistake in my humble opinion, that is a task and a half for an experienced trader too. I tried that but found it all to confussing as it is good to know how a pair moves etc. If your trading the h1 set ups there's more than enough in a few pairs each week. it seems people are trying to run before they can walk.
28 pairs for rookie traders are suicide. The market will wash them clean within no time.
I limit myself to max 8 pairs open at the time.

Rookies must also understand the many pairs are correlated. I dont trade correlated pairs.
MY SITTING, NEVER MY THINKING!
  • #1,664
  • May 29, 2016 4:16pm May 29, 2016 4:16pm
Quoting tonny47
{quote} for the cadjpy example you are referring to - when you say bounce ow W1, you are looking to go long, correct? My understanding is that you will wait for the price to go above W1 ema, then pull back to it and once it reacts of that level, only then you go long.
Waiting to go long is much said. I pay attention to the level, but remember; there is looooooong way from W1 chart to H1 chart. i pay more attention to D1 & H4, but as mention before, i prefer to see the same direction on different timeframes aka big picture trading. I love my money to much, so i only take aaa+ setups.
MY SITTING, NEVER MY THINKING!
  • #1,665
  • May 29, 2016 4:17pm May 29, 2016 4:17pm
Quoting merrygold
{quote} 28 pairs for rookie traders are suicide. The market will wash them clean within no time. I limit myself to max 8 pairs open at the time. Rookies must also understand the many pairs are correlated. I dont trade correlated pairs.
Could you please let us know what are correlated pairs in H1 TF to avoid doubling the risk? Sorry if this is not related to this thread.
  • #1,666
  • May 29, 2016 4:18pm May 29, 2016 4:18pm
Which pairs do you prefer?
Quoting merrygold
{quote} 28 pairs for rookie traders are suicide. The market will wash them clean within no time. I limit myself to max 8 pairs open at the time. Rookies must also understand the many pairs are correlated. I dont trade correlated pairs.
  • #1,667
  • May 29, 2016 4:28pm May 29, 2016 4:28pm
Quoting merrygold
{quote} 28 pairs for rookie traders are suicide. The market will wash them clean within no time. I limit myself to max 8 pairs open at the time. Rookies must also understand the many pairs are correlated. I dont trade correlated pairs.
Would be intresting to know more about how you trade.

Best regards
  • #1,668
  • May 29, 2016 4:33pm May 29, 2016 4:33pm
Quoting fmaher
{quote} Could you please let us know what are correlated pairs in H1 TF to avoid doubling the risk? Sorry if this is not related to this thread.
http://www.myfxbook.com/forex-market/correlation

EU / UCHF has a almost perfect negative correlation. When eu goes up, uchf goes down. For example, when i go long on eu and short on uchf i would make 2x profit, but my risk would also be 2x because when im wrong its on both pairs
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MY SITTING, NEVER MY THINKING!
  • #1,669
  • May 29, 2016 4:35pm May 29, 2016 4:35pm
Quoting jgadefelth
{quote} Would be intresting to know more about how you trade. Best regards
http://www.forexfactory.com/search.p...rchid=20580691

I have posted numerous charts with indepth look of what i look for. And i will keep posting that level of charts when setups are comming
MY SITTING, NEVER MY THINKING!
  • #1,670
  • May 29, 2016 4:37pm May 29, 2016 4:37pm
Quoting Dusky67
Which pairs do you prefer? {quote}
majors with low spread. Gbpjpy, Gbpnzd, Eurcad, G30
MY SITTING, NEVER MY THINKING!
  • #1,671
  • May 29, 2016 4:39pm May 29, 2016 4:39pm
51 fellow traders. Come on, post some charts; we could all learn alot talking about them
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MY SITTING, NEVER MY THINKING!
  • #1,672
  • May 29, 2016 4:40pm May 29, 2016 4:40pm
Quoting merrygold
{quote} http://www.forexfactory.com/search.p...rchid=20580691 I have posted numerous charts with indepth look of what i look for. And i will keep posting that level of charts when setups are comming
hi, the link doesnt seem to work.
would you mind maybe posting couple of the trades you have entered last week or two on 1 hour chart with your comments showing where exactly you have entered. i am still struggling with your analysis of coming trades as I am not sure where I should enter.

Many thanks
  • #1,673
  • May 29, 2016 4:44pm May 29, 2016 4:44pm
Quoting tonny47
{quote} hi, the link doesnt seem to work. would you mind maybe posting couple of the trades you have entered last week or two on 1 hour chart with your comments showing where exactly you have entered. i am still struggling with your analysis of coming trades as I am not sure where I should enter. Many thanks
Hey Tonny,

The best thing is to read my previous post or going to my profil, and look at the images ive have uploaded. When i take screenshot now, i would not make much sense, since pipware charts is not backtestable.

I hope there are some setups tomorrow, and then i will post them like done before.

Happy trading, Tonny
MY SITTING, NEVER MY THINKING!
  • #1,674
  • May 29, 2016 4:44pm May 29, 2016 4:44pm
Quoting tonny47
{quote} hi, the link doesnt seem to work. would you mind maybe posting couple of the trades you have entered last week or two on 1 hour chart with your comments showing where exactly you have entered. i am still struggling with your analysis of coming trades as I am not sure where I should enter. Many thanks
Check this.

http://www.forexfactory.com/showthre...42#post8950942
MY SITTING, NEVER MY THINKING!
  • #1,675
  • May 29, 2016 4:58pm May 29, 2016 4:58pm
Last post for today.

Take 4 minutes of your time and watch this.

If you work hard, no matter in what field, you will reach the top.

Inserted Video


Best Regards Merrygold, 24 years old.
MY SITTING, NEVER MY THINKING!
  • #1,676
  • May 29, 2016 4:58pm May 29, 2016 4:58pm
what do you guys think of this trade : Short @ AUDUSD ?

1H:

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1D :

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  • #1,677
  • May 29, 2016 6:12pm May 29, 2016 6:12pm
Quoting merrygold
{quote} http://www.forexfactory.com/search.p...rchid=20580691 I have posted numerous charts with indepth look of what i look for. And i will keep posting that level of charts when setups are comming
Hi Merrygold, you have acchieved very, very impressive results. Do you trade higher than H1 TFs like H4, D1 and what sessions (Sindey, Tokio, London, New York) ?
  • #1,678
  • May 29, 2016 6:13pm May 29, 2016 6:13pm
Quoting fxfennec
what do you guys think of this trade : Short @ AUDUSD ? 1H: {image} 1D : {image}
Be aware of big support. I would like to see the price retrace on h1 before taking short. Tdi & 10ema looks good on the other timeframes.
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MY SITTING, NEVER MY THINKING!
  • #1,679
  • May 29, 2016 6:24pm May 29, 2016 6:24pm
Quoting merrygold
{quote} Be aware of big support. I would like to see the price retrace on h1 before taking short. Tdi & 10ema looks good on the other timeframes. {image}
thanks merrygold, i'll keep an eye on this big support.
  • #1,680
  • May 29, 2016 6:31pm May 29, 2016 6:31pm
Quoting fxfennec
{quote} thanks merrygold, i'll keep an eye on this big support.
Great! - Maybe price bounces, perhaps it breaks. Only time will tell. Keeping a sharp eye open during tomorrows sessions.
MY SITTING, NEVER MY THINKING!
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